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schumer. cnn will bring you the president s remarks when they begin. let s start with the new gdp report. with me is matt egan. walk us through the report, the numbers, what you see. so broadly consumers were still spending. it is a slowdown for sure but overall that was a positive contributor to gdp. on the other hand, government spending slowed down. when we look at where consumers are spending, it s an acceleration of what we ve seen. we spent less on physical items. services, however, think airfare, which is why airports are so busy these days, hotels and restaurants, that really accelerated. business spending declined and inventories, which we have been hearing from a lot of retailers for sure but also other companies they are trying to move out their inventory, there has been a mismatch of what they have. that was reflected here, too. i think to put it simply, it is clearly showing a slowdown. matt, this is you ve written a lot about this. this is one of the big i
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