Recession because in case you didnt hear in the First Quarter, the economy contracted. 7 . I think you know the drill. You have two quarters like that you are looking at a recession. Most economists dont think were going to look at another quarter like that the present quarter will be stronger than that. Not everyone is sure. Gary says americans should be weary. Ty young says no reason to be so panicked. You know how we started off, well telegraphed, gary you say this could be a trend explain . Look the big worry is simple. Weve had seven years of 0 Interest Rates and the printing of 15 trillions of dollars to bring them down and this is all were getting . And keep in mind this number included a big inventory bill, would have been a lot worse, and you combine that with the fact that oil prices have dropped in half. If this is the best number we can get, i think theres a big worry Going Forward and i have to add one thing im watching the transports here theyre underperforming badly and
Recession because in case you didnt hear in the First Quarter, the economy contracted. 7 . I think you know the drill. You have two quarters like that you are looking at a recession. Most economists dont think were going to look at another quarter like that the present quarter will be stronger than that. Not everyone is sure. Gary says americans should be weary. Ty young says no reason to be so panicked. You know how we started off, well telegraphed, gary you say this could be a trend explain . Look the big worry is simple. Weve had seven years of 0 Interest Rates and the printing of 15 trillions of dollars to bring them down and this is all were getting . And keep in mind this number included a big inventory bill, would have been a lot worse, and you combine that with the fact that oil prices have dropped in half. If this is the best number we can get, i think theres a big worry Going Forward and i have to add one thing im watching the transports here theyre underperforming badly and
Recession because in case you didnt hear in the First Quarter, the economy contracted. 7 . I think you know the drill. You have two quarters like that you are looking at a recession. Most economists dont think were going to look at another quarter like that the present quarter will be stronger than that. Not everyone is sure. Gary says americans should be weary. Ty young says no reason to be so panicked. You know how we started off, well telegraphed, gary you say this could be a trend explain . Look the big worry is simple. Weve had seven years of 0 Interest Rates and the printing of 15 trillions of dollars to bring them down and this is all were getting . And keep in mind this number included a big inventory bill, would have been a lot worse, and you combine that with the fact that oil prices have dropped in half. If this is the best number we can get, i think theres a big worry Going Forward and i have to add one thing im watching the transports here theyre underperforming badly and
Protesters are taking to the streets in new york city, los angeles where they shut down a freeway down south, and in oakland where they burned the American Flag. Nbc bay areas Christie Smith joins us live in oakland with a look at the aftermath and more protests, christie, are planned for tonight. Reporter yeah, thats what were hearing. We just heard from oakland mayor jean quan about this and shes calling for vandals who come into the city to stop. We spoke with residents and Business Owners who are frustrated. Many Business Owners had their windows completely smashed over the weekend. This is following the acquittal of George Zimmerman in florida for the shooting death of teenager trayvon martin. This morning city workers painted overy6 graffiti. They fixed rows of broken windows downtown at chase bank, wells fargo also boarded up. A city spokesperson believes that the majority of the vandalism in oakland happened saturday night. Crowds returned sunday much more peaceful. Many reside
Protestors but says accusations by other councilmembers that he paid these people to disrupt the meeting are not true. Its Public Knowledge that booze and the mayor dont get along. Did i encourage them to come and do that . The answer is no. Reporter things got so chaotic at the meeting that police eventually had to move everyone out of the council chambers. In richmond, im da lin, kpix 5. We reached out to some of the protestors today to ask why. So far we havent heard back. Developing news out of oakland tonight where police say an elderly woman was shot and killed while she was driving this afternoon. Her car then slammed into a parked car. Police dont have any suspects. Fern street between brookdale and fairfax is closed between the investigation. The suspect in the jewelrymart murders was back in court today to face a judge and the victims families. Kpix 5s linda yee on what they had to say ahead of todays hearing. Reporter the family buried a victim this weekend and a few hours a