Jenna Lee Reporting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And when business news breaks, this is where they see it first. jenna. >> reporter: it is definitely a revision to a reading that shows economic growth. we should be clear about that. the rescission was down to 2.7%. that's from 3 percent. it still shows our economy is growing. it's just not as robust as we thaw. here's some of the things that we should think about when it comes to this number. one is the reason why it of revised. that has a lot to do with consumer spending. consumer spending makes up about 70 percent of our economic growth and that of course is tied to the job market as well....

Some concerns about the job market and of course, everything is tied together. you're not working, you're not spending, that doesn't add to economic growth. so a myriad of concerns, revision is lower, but we should also point out and emphasize, jamie, the economy is still growing. jamie: jenna, we'll take that little bit of good news. thank you so much. jon. jon: he is armed, considered dangerous, and old. the geezer bandit, they call him, and he pulls off his 11th bank heist. now there's something new to worry about. armed gangs in jamaica fought deadly battles with police to prevent this g...

>> reporter: it's possible but based on my reporting this morning it seems extremely unlikely. the president's d -- choice for dni is james clapper right now and former senior intelligence official told fox he believes clapper would not accept a recess appointment under any circumstances. in addition, there are signs this morning that the head of the senate intelligence committee, dianne feinstein, will not proceed on the confirmation process until another intelligence bill is dealt with. so it is unlikely that that confirmation will go forward before the august recess. jon: catherine herridge...