on government procurement more british, more local into our schools and hospitals and that s very, very welcome indeed for farmers. but i think all of this will depend on the policies that are put in place to deliver it. so, it s the start of a journey. many campaigners are asking though, what happened to the proposed sugar and salt tax and healthier school meals? according to the government, these will be addressed in another white paper at a later date. we promised to bring you the latest gdp figures. the uk economy shrank by 0.3% in april, compared to the same time last year. that s the gdp figure or gross domestic product which has been released in the last couple of minutes. ben s can tell us more. he s at a factory in rochdale. looking at life there but also looking at these numbers. this seems to be significant? it
#. it s time for money, power, politics. new gdp numbers released in the last hour, growth slowed with the economy ticking up by just 2.1% in the second quarter of this year. a quarterly gdp figure under 3% adds the pressure on president trump to sign the new spending bill that just passed the house. signing that bill would not necessarily result in a huge boost to the economy but it could prevent a drag ahead of the 2020 election. as people have told him, president trump, keep that economy humming. joining me now politico s chief economic correspondent my friend ben white and poor charlie sikes still stuck with me. ben, let s talk about these numbers. many have said the president has one job. make the case that the election is strong. don t screw it up. right. what do the gdp numbers remember, the president said 3% gdp. in fact, i m going to get 4, 5,
third quarter. the gdp figure keeps the economy on pace for its fastest expansion in 13 years. today, federal reserve chairman painted a positive picture of the u.s. economy during a major speech. he also appeared to suggest the fed might consider a pause in its interest rate hike next year to assess the impact of its credit tightening. those comments set off a real surge on wall street, pushing markets back into positive territory for the year. the dow soared 28618. again. the s&p 500 was up 62, the nasdaq vanished ahead 209 today. the democratic governor of new york is asking one of the state s most famous and wealthiest men for some help tonight. the governor needs president trump s support for a critical rebuilding process. kristin fisher takes a look from the white house. new york governor andrew cuomo calls it the most critical infrastructure issue in the entire northeast.
rising rates. the s&p 500 has fallen 7% in october and nasdaq down 9%. that is the worst month since november of 2008. looking ahead to the gdp. the president promised 4% annual growth. last quarter, he got 4.2%. will it last? this forecast for the quarter is 3.3%. here is what the trend looks like. the spike in economic growth is why the president has complained about his fed chief powell and the fed slowly raising rates. hiking rates to prevent the economy from overheating. but peter navarro, the trade adviser, is on his side. i agree with the president. the fed, it is an independent agency, i agree with the president s sentiment they started to raise rates too fast. the fed will release the gdp
the trade adviser peter navarro agrees with the president. it is an independent agency. i agree with the president s sentiment they started to raise rates too fast. the fed will release the gdp figure at 8:30 a.m. today. i will have it live on new day. caitlyn jenner turning her back on president trump. saying she was wrong about the president s commitment to lgbt rights. many in the lgbt community were upset by jenner s support for the president. in a washington post op-ed, jenner thought she could work within the administration to support her community. she says that was a mistake. adding the reality is the transgender community is attacked by the president. he ignored our humanity and made trans people into political pawns. it is unacceptable and it is upsetting and deeply personally