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MSNBC Hallie Jackson Reports July 7, 2024

between the u.s. and russia and how soon paul whelan and brittney griner could be home as we go one-on-one with national security spokesperson john kirby. i m hallie jackson in washington on this thursday afternoon. carol lee over at the white house, jake ward posted up for us in san francisco, our business reporter. carol, let me start with you. this is time number two we re hearing from the president today on the economic news of the day. reporter: that s right, hallie. what you re seeing is not just the president but across the administration, a number of officials are out talking about the economy today addressing these gdp numbers. this is an effort to try to shape the narrative. part of what you re hearing from the president, you might be hearing bad news about the economy, but it s not that bad. he s also saying this is no surprise, that the economy was always going to slow down as the fed steps in and tries to address inflation. he s pointing to things like a ....

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MSNBC Hallie Jackson Reports June 4, 2024 19:03:00

Folks know that nobody can call it a recession, technically, except for the national bureau of economic research, but there is that word that is out in the ether after this report that says, as we keep hearing about this economic picture, it s complicated. yes, the economy is shrinking, as we found out today, again for the second quarter. the unemployment rate, though, is also very low. that is the thing here, hallie. we re in such a weird moment. by the classic academic definition of recession that the nber has always used, two back-to-back quarters of a shrinking economy, that equals recession. recently they ve had to change that because the math doesn t add up anymore. they kalt more of a significant decline in economic activity that s spread across the economy and lasts for more than a few months. right now we ve got all these strange, mixed-up indicators. you have record low employment. ....

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