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
and mind-boggling to me is the fact that american tax dollars were actually playing a role in that. dr. fauci denied it was even happening for the longest time. dana: more information on that and i think as americans, we don t want to sweep under the rug how covid got started. justice for the victims, disprobangs across our country and a world and trying to find out what happened is important. bill: will we find an answer or will the world move on? we hope a. unprecedented number of fentanyl deaths. forcing police dramatically revamp that your response. show you how one department is upping the ante on that. bill: the fed hiked yet again. rapid fire rate hikes throughout the year, more to come. is a soft landing possible still? good question. we ve covered a lot of ground
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