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-up. a l
climate change. capitol police arrested several staffers, progressive members. staff growing new members from the southern border tonight revealing the number of migrants coming into this country would never get caught. a troubling update tonight on the texas mom or disappeared earlier this month on her way to work. authority is not try to piece together what happened, and law enforcement panel joins us live to discuss. but first, the gross domestic product gdp number comes out this week. critics say the biden team is trying to get ahead of that by essentially changing the definition of what a recession is. corresponded matt finn joins us from our west coast with more. on thursday, the latest gdp numbers are scheduled to come out, and if we had a second consecutive quarter of negative gdp growth, we ll be in what s considered a recession, but the white house is trying to downplay the economy or even redefine recession. on monday, president biden who has covid was asked virt
arrested and then released in a matter of hours. happens all the time. i m bill hemmer live in new york city. dana has the day off. welcome back, j.b. julie: i m julie banderas and this is america s newsroom. the assault was caught on video. this happened over the weekend in harlem. police say the teen jumped a subway turnstile without paying when officers confronted him and things turned very violent very fast. bill: street fight. you can see the suspect hitting the cop. the teen puts the officer in a choke hold when a second officer steps in to try and help. julie: why did it get so out of control? former officer bill stanton has his thoughts. could you imagine if this cop felt so in fear of his life he had to use the weapons there would be riots in the street. a cop now has to worry about getting arrested. losing his job and getting sued civilly. they may well lose their lives. julie: good morning, brian, from new york city. good morning. fox news can confirm
into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what s it matter for us? it s interesting because ppi doesn t get as much attention as the consumer price index, but it s really important because it s factory level inflation, what producers are experiencing, and we know what companies are feeling, we ll likely see a few months down the line in terms of consumer prices. even though we did see slight moderation in categories like food, the topline number is troubling because we know after friday s report that there were no signs of moderation, that there were signs of acceleration in inflation and what we have now with this report is a sign perhaps of more pain to come down the road. okay. so, now, tomorrow, expecting this big announcement. on how much, by how much t
attempt to overturn a free and fair election. we saw stunning new images of officers desperately calling for backup as they were attacked by the rioters. there were also several new revelations from members of trump s inner circle in their testimony. his former attorney general bill barr detailed how he told the president his election fraud claims were b.s. trump s own daughter, ivanka trump, testifying that when she heard that she believed barr, and the committee vice chair, republican liz cheney revealed that multiple republican congressmen including scott perry sought presidential pardons for their roles in trying to overturn the election. cheney had a stark warning for members of her party. tonight i say this to my republican colleagues who are defending the indefensible. there will come a day when donald trump is gone, but your dishonor will remain. capitol hill police officers who were attacked, wounded by the rioters watched the proceedings in distress, some you ca