plus the u.s. and russia debating a prisoner swap. antony blinken speaking with sergey lavrov. and a breakthrough on capitol hill. chuck shchumer and joe manchin striking a deal after a year of negotiations. there s a lot in this bill, including tax changes. we begin with major developments on the u.s. economy. the gross domestic product fell 0.9%, following a 1.6% drop in the first part of this your, blamed in part on the omicron surge, all of this adding to fears the u.s. could be in a recession. joining me to talk about all this, white house national economic director brian dees. good morning. thanks for taking the time this morning. happy to be here. two consecutive quarters of negative growth. every period since 1948 of two straight negative quarters of gdp has coincided with a recession. in every prior recession in the united states, we have lost jobs. and over the course of the year we have gained 2.7 million jobs. the unemployment rate is 3.6%. there s only be
reportedly abandons his struggling pick for governor. just left him in the dust. never would have seen that coming. i know. no loyalty. things go back, and he throws him under the bus. who has ever seen that? that s shocking. other than anyone he s ever dealt with. the latest on the war in ukraine. british intelligence reports russia has been firing high-level commanders over the military s poor performance in ukraine. we ll talk a lot more about that. along with joe, willie, and me on this friday morning, we have u.s. special correspondent for bbc news katty kay. editor for the washington post, david ignatius. the host of way too early, jonathan lemire. he is white house bureau chief at politico. willie, we re going to get a lot of news here, but i must say, jonathan and i just shocked. a storied night in major league baseball last night, as the little engine that could just went a half notch up the hill and said, i think i can. jonathan, give us a qu
Rainfall. But indications are that temperatures will be in the low to mid 20s for most parts of the uk. Thanks, helen. Now here, at the Tory Party Conference in manchester, the government appears to have lost control of the messaging on high speed rail to manchester. Were live from the conservative Party Conference here in manchester, where ministers keep repeating, when asked what the decision is on hs2, there are spades in the ground. Have you got any idea whats happening on hs2 . Have you got any idea whats happening on h52 . Have you got any idea whats happening on h52 . Happening on hst . Jeremy has ust discovered happening on h52 . Jeremy has ust discovered a happening on h52 . Jeremy has ust discovered a stonking i happening on h52 . Jeremy has ust discovered a stonking speech. H here for the government is treasury minister Gareth Davies. Also at conference today, the former pm liz truss, whose government this time a year ago was imploding, is urging her successor to cut the hig
Mode. Well tell you why. And. Can economists be compared to Weather Forecasters when it comes to prediciting the future . Our economics editor kamal ahmed will be here with that and a look back at the rest of the business week. And following the impact of Donald Trumps toyota tweet, we want to know whats the biggest twitter storm youve ever sparked 7 just use the hashtag bbcbizlive. We start with samsung because in the last few hours the South Korean Tech Giant has said its on track for the best quarterly profits in more than three years. Its a major boost for the company after the exploding Smartphone Scandal that put a serious dent in its reputation. In the three months to the end of december, samsung is forecasting profits of 7. 8 billion. Thats up by half on the same period last year, much better than expected and the best quarter since mid 2013. That might come as a surprise, as we know samsung was forced to scrap its top of the range phone, the galaxy note 7, after a spate of exp
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