Eastern on cspans q and a. White House National economic counselor, larry kudlow, talk to the Washington Post yesterday about the outlook for the u. S. Economy and was asked about the status of Coronavirus Relief negotiations. Robert good to have you here. Thank you for coming. The u. S. Economy grow at a record 7. 4 percent between july and september. It has recovered two thirds of the ground it lost during the first half of the year during the pandemic, but many economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The shutmic because of ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining
Economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The pandemic contraction because of the shut ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining recovery. The numbers are gargantuan. I am going to read them off. You have Consumer Spending up 41 , housing up 59 , Business Investment in equipment up 70 and automobile production up almost 1200 . My take is this this is selfsustaining. It is going to spill over into the Current Quarter and next year, policies permitting. But the one missing link and a lot of people have not talked about this, you are going to get a big inventory rebuild. I
Record 7. 4 percent between july and september. It has recovered two thirds of the ground it lost during the first half of the year during the pandemic, but many economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The pandemic contraction because of the shut ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining recovery. The numbers are gargantuan. I am going to read them off. You have Consumer Spending up 41 , housing up 59 , Business Investment in equipment up 70 and automobile production up almost 1200 . My take is this this is selfsustaining. It is going to spill over into the Current Qu
Pray. In conroy let us loving god, we give you thanks day. Iving us another peace. Your spirit of inspire the members of the peoples house this day. Spirit of wisdom, patience, and understanding in work they do. Throughout our country, the of the coronavirus plague continue. Those who are in arms way health care professionals, those engaged in delivering goods and services to communities, and teachers at all levels. Send your spirit of healing to those who suffer from and those who mourn died. Who have lord, god, have mercy on us. Day be that is done this for your greater honor and glory. Amen. Amen. Eaker pro tempore pursuant to section 4a of house 967, the journal of he last days proceedings is approved. The pledge of allegiance will be led by the gentleman from california, mr. Schiff. Please join me in the pledge. I pledge allegiance to the flag of the United States of america and to the republic for which it god, one nation under indivisible, with liberty and justice for all. The s
A new terror all to a head. I know. Several people on board on their reunion passenger plane after the pilot is forced to make a dangerous maneuver during on the encounter with a u. S. Fighter jet. Over youre tuning in from across the world this hour welcome to moscow and to r. T. International company im you know neal. The u. K. s Opposition Labor Party is pushing for arties broadcast license to be revoked they laid out their demands in a letter to the countrys t. V. Regulator ofcom they watchdog is supposed to be independent and immune from political pressure arties takes us through developments. These must be some sort of record in order vanitys history it has done less harm if any booth immediate and long term to Great Britain to the british people and britains future than one woman did in the space of a single letter and this woman she isnt a russian agent she isnt a foreign spy or bent on britains destruction no she is a member of the British Parliament i am writing to request it