a critical rebound, or is it the calm before the storm? the data is in and the u.s. economy grew by more than expected last quarter putting an end to a six-month slump and the president is hoping this bounce gives democrats a jolt before election day. but before we discuss the political fallout let s look at the numbers. with cnn s matt egan and rahel soloman. break this down for us. does this mean we are out of the woods. unfortunately, not so much. great news that the economy bounced back last quarter. but that doesn t mean that the risk of a recession going forward has gone away. both things can be true at the same time. today s report showed that gdp increased last quarter at an annual rate of 2.6%. pretty solid. i think that plus low unemployment should put to rest this idea that the economy is already in a recession but this gdp report had concerning signals. it s really the improvement was driven by trade, exports were up. imports went down. that alone was enough to
Micron semiconductor plant gujarat: The Micron facility has been approved by the Centre's Modified Assembly, Testing, Marking, and Packaging (ATMP) Scheme
Union Minister for Railways, Electronics, IT, and Telecom Ashwini Vaishnaw said the country attempted to develop semiconductor technology over the last four decades.
republicans economic proposals this time. cnn white house correspondent jeremy diamond is in syracuse where the president will soon be speaking. tell us about today s shift in the president s approach. reporter: well, ana, i think rather than a shift what we re seeing from president biden is a doubling down on this election message, this final closing message that he is delivering to voters in these midterms just over a week away which is to say that he is talking about making this a contrast election rather than the referendum that many voters are making this election to be as they see their prices go up with inflation, they are blaming the current administration, many of them certainly are. well, president biden is trying to do and we re going to see him do this today as he addresses people here at this micron facility is he s going to be talking about making this a contrast and he s going to emphasize the extent to which he believes republicans if they do win a majority in the mi