Inventory Building News Today

science fiction stories, but usually its something less interesting than your imagination. >> i got to run. again, i am not proposing it. i am saying what people are proposing. dont get it twisted as has happened to me before. >> i want it to be god sfwlil a. that would be so fun. >> thank you. good to see you, all right? be well and blessed as they say and have a great day. see you soon. neil degrasse tyson. >> amazing. "cnn this morning" continues right now. ♪ good morning, eve...

Happening in the engine of the american economy. youre welcome. i am the miley cyrus of economics. not. 2.7% gdp. a little bit lighter than the first reading, guys. still the consumer and inventory building at the end of the year causing -- the economy was doing well, but a little less great than it was the first read. we are watching that. the beginning of the year we worried about a recession but ending pretty strongly and also the most recent jobless claims, people filing for the first time f...

Down in the summer, theres a lot of room for those to come down. the idea that a nearly new car costs as much or nearly as much as a new car is a thing of the past but that adjustment has a ways to run before we get back to normal. theres a lot of inventory building on the new side. it will lead to better incentives and the nearly new side is going to keep adjusting as that happens plus the consumer, you know, starts to buy less because of higher interest rates. the fed is starting to change. >>...

Sothrust some inventory building and that means you dont need to buy as much of that stuff because youve already got it on hand. and also watching for boeing and what impact boeing might have on here. you mentioned about the consumer. consumer spending has been strong. where businesses have started to be a little shy i would say about spending money and building their business, consumers are still out there spending like crazy. in part because their wages are going up and because gas prices have...

Municipalities where they lived have perhaps saved some jobs for teachers, cops, firefighters. they dont comprehend theres been job growth because of this bill. the president was just on, we just played a clip of the president of the united states saying that the economy has been growing at about an average of 6%. >> but thats not true. >> that is astounding if it were true. its not growing at 6%. >> its not. >> we did have a gdp report out. lets say where that comment comes from, i assume. a re...