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FOXNEWS Americas Newsroom July 7, 2024

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 of the commentary that i m hearing is talking about a shrinking of the economy but the good news for the economy is that job growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-u ....

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FOXNEWS Americas Newsroom June 4, 2024 13:02:00

Growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-up. a lot of companies were holding onto inventory because of those supply chain shocks when they were able to get the supplies that they needed, they were built up and weren t able to sell them. so at the end of the quarter companies were complaining that they had too much inventory and they needed to mark stuff down. and that led to some expectations well maybe inflation is peaking. i see no evidence that inflation is peaking right now. we are at 40-year highs. however, we did see oil prices come off of the highs of the year in the month of july. so maybe in july we get a better, more manageable consumer price index than the current 9.1% that we have right now. there is reason to believe inflation comes down in july ....

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Analysts Downgrade Kohl's Stock due to Inflation, Inventory Build-Up: See Risks to the Stock

A number of analysts recently downgraded Kohl's following the company's July 1 announcement it was ending talks to sell its business to the Vitamin Shoppe owner Franchise Group (FRG). The downgrade. ....

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