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get out the dictionary. we'll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let's get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. >> we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all ...

Even with signs of inflation easing, people are emptying their savings to pay for essential items, according to new data.

Even with signs of inflation easing, people are emptying their savings to pay for essential items, according to new data.

Even with signs of inflation easing, people are emptying their savings to pay for essential items, according to new data.

U.s. anchor, never actually get to say when you thought about it, and what's your reaction. was >> i don't know if you've ever seen stephanie anchor. god [laughs] >> spoke-ing like the person who has the office next to me for the last four years. >> you're about to come in and run orchestra, in terms of responding to this thing. tell us, conductor -- >> i'm deathly going to be asking in talking about the economy tonight. if you think about joe biden, and what he had to say, he has a very complicated economic message. the thing is, there are huge economic wins, okay? six and a half million jobs...