KQED Nightly Business Report May 30, 2015
Ugly First Quarter. The government reports that the economy shrank by a decent amount by the first three months of the year. Gross domestic broadest which is the broadest measure across the country, contracted by a significant. 7 . As weve been reporting there are a lot of questions surrounding the accuracy of First Quarter gld data historically but regardless of whether the economy shank. 7 or whether it grew a smidge the bottom line is this the economy is weak and investors want to see more growth. Steve liesman has more on the First Quarter and what is ahead in the second and beyond. Todays...