CNN New Day With John Berman and Brianna Keilar June 4, 2024 12:43:00
The economy thisshrank in the sd quarter. our initial reading was down 0.9% so that slowdown in the winter, and then in the spring and not quite as soft as the economists had thought. there will be one more reading on this before it is in the books and it can still be revised again after that. why does it matter? this is the broadest m est meas the health of the u.s. economy. you start talking about what constitutes a recession. we're now seeing not as bad as they thought. consumer spending was resilient and corporate profits up strong in the second quarter compared with stock corporate profit...