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rewrite the dictionary. griff jenkins has more in washington, good morning. griff: good morning, americans are bracing for nows we are in recession with dropping gdp numbers. the president says he doesn t see that happening? president biden: we re not going to be in a recession in my view, the employment rate is still one of the lowest in history, the 3.6 area. my hope is we go from rapid growth to steady growths. we ll see some coming down, god willing, i don t think we ll see recession. griff: white house message focusing on how well the economy is doing because of how many jobs have been created. if you look at the economic indicators, the labor market, the average amount of jobs that have been created, about 400 per month, indicators do not show that we are in a recession or even a pre-recession. griff: she s not the only white house official challenging technical definition of a recession. i covered the economy for many years, i was told by everybody i ....
migrants are concerned considered got-aways. what is it going to take for your administration to wake up. broken. protest over climate policy held inside senate majority leader chuck schumer s office. it s a battle between the left, the far left, and the complete interplanetary left. ground ball. this should do it. toro over to first. there is the ballgame. and win it 4-3 to end a four game losing streak and they beat texas boom, snap pound in my heart and the beat goes on, and on boom, snap make me feel good come on to me boom, snap. ainsley: good morning. look at that gorgeous sky, beautiful is that a sunrise? is it considered a sunrise? see the sun trying to peak. brian: cameraman felt it was back. ainsley: 82 trees can there today. that s the capital of pennsylvania. it s named harrisburg after john harris because the site was settled by john harris the at a time they are not sure 1715 to 1718, somewhere in that time frame. brian: i lov ....
may or may not match up with what you are feeling every day. we re about to get the biggest hard data dump of the summer. a multifaceted look at what the cold hard facts tell us about where the u.s. economy stands. you have these big hitters all announcing their earnings this week. it s going to be a big reflection of where we are, what we re buying out there. what we re not buying and participating in in this market. look at the reports coming out this week. it s a huge week for this summer. you have gdp, the cost of goods. perhaps the most important, consumer sentiment that we ll get at the end of this week. as you know, two quarters of gdp contraction. we ll get that second quarter gdp number. signalling a recession in the u.s. economy. the white house is changing its tune on the long-accepted benchmark. janet yellen is starting to hedge on what the definition of a recession is. with that, we bring in neil cavuto from your world. always good to have you with us. ....
Month, indicators do not show that we are in a recession or even a pre-recession. griff: she s not the only white house official challenging technical definition of a recession. i covered the economy for many years, i was told by everybody i spoke to that two negative quarters, two contracting quarters means the economy is in recession. that is not definition of recession. you will argue we are not in a recession if we get another quarter of negative growth? i don t think there is any view that would interpret this separate quarter or these six monthses as being recessionary. griff: the president saying $35 per person savings compared to record high, although he put that tweet out with a glaring ....
To, god willing, i don t think we are going to see a recession. steve: god willing he says, president biden, dismissing any concerns about a possible recession as his own administration is challenged on trying to spin the definition of what a recession even is. they are getting technical, listen. two negative quarters, two contracting quarters means that the economy is in a recession. do you believe that? is that what you ascribe to? that is not the actual definition of a recession. it is a significant cracksary period over a few months where those who make that determination look at a lot of different factors. brian: here to react host of varney and company fox business stuart varney. you live this every day. were you shocked to see the offer yesterday to redefine sunday to redefine recession. no. neither shocked or surprised. brian: never heard it approached like. this i would expect this administration to do its utmost ....