After we saw contraction and our Steve Liesman has new information on where the crowd is standing at this time. Thanks very much. From positive to negative what was first reported at 0. 2 . The result of less growth and it made econ 50s less optimistic. Our cnbc update falling by 2 10 of a percentage point. With a wide range to 4 . Let me show you where people are. At 4 . Goldman right about the middle at 2. 4. Morgan stanley. We are now including that atlanta fed in the survey at 0. 8 . Some of the commentary saying we lowered the q2 estimate to 22 due to downward revisions of sales. Barclays saying it will point it an acceleration in activity in q2. The under performance of the economy is likely to extend the timeline for the first fed rate hike. Meanwhile new Research Shows the First Quarter productivity data are also suspect. In part because they rely on the gdp data. Productivity a critical measure averaging 1. 1 in the First Quarter over the past 30 years. That compares to the gr
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