may or may not match up with what you are feeling every day. we re about to get the biggest hard data dump of the summer. a multifaceted look at what the cold hard facts tell us about where the u.s. economy stands. you have these big hitters all announcing their earnings this week. it s going to be a big reflection of where we are, what we re buying out there. what we re not buying and participating in in this market. look at the reports coming out this week. it s a huge week for this summer. you have gdp, the cost of goods. perhaps the most important, consumer sentiment that we ll get at the end of this week. as you know, two quarters of gdp contraction. we ll get that second quarter gdp number. signalling a recession in the u.s. economy. the white house is changing its tune on the long-accepted benchmark. janet yellen is starting to hedge on what the definition of a recession is. with that, we bring in neil cavuto from your world. always good to have you with us. neil:
administration down playing the recession call. there s semantics. what is a recession, how do you technically define it. no matter what, there s widespread agreement no matter who you talk to. that is that economic growth is slowing. the treasury secretary, janet yellen acknowledges as much. but then she maintains that that does not mean a recession is inevitable. this is not in an economy that is in recession. but we re in a period of transition in which growth is slowing. and that s necessary and appropriate. we need to be growing at a steady and sustainable pace. yellen says the job market is still strong. she says a recession would have to be a broad-based economic contraction. consumers are still spending. household balance sheets are still in good shape. all of that said, the economy did contract the first quarter. economists think at beast we ll see slow growth when the numbers release thursday. the white house insists even if that number does go negative and some
close to the sketch. crooked politicians and political appointees in california spent more than two weeks trying to keep this photo from going public. why? was it really that bad? pretty handsome for a drunk 82-year-old. initially napa county claimed this would jeopardize the investigation. did it jeopardize? of course not. they were just trying to protect the most powerful democrat in california nancy pelosi. and the most powerful woman in america, sorry, kamala. it s worth noting they sent this to all the other media outlets before fox. even though we were the only network that asked for it so they are bitter. now, i know what you are thinking. this isn t about politics. this is about fairness. we just want to know what happened. and we re entitled to the same information they would release about any other dui arrest like someone lo married to california royalty. the d.a. is still stonewalling though on the dash cam, the body cam and the drunk tank cam we re not going to
the problem by buying more guns and having more guns in the country. another conservative mp calls on the prime minister to resign over downing street lockdown parties, and former cabinet minister andrea leadsom criticises him for unacceptable failures of leadership. # binley mega chippyl # binley mega chippy! and coming up, the once humble chip shop in coventry that s now a tiktok sensation. good evening. there s more misery for thousands of travellers with the tour operator tui announcing the cancellation of six holiday flights a day from manchester airport until the end ofjune. this afternoon, tui confirmed that 3a,000 holidaymakers have been affected by the month of cancellations at manchester airport. like other travel companies, it s blaming staff shortages after the pandemic. but the government says the airline industry has had months to prepare, as gareth barlow reports. it s set to be one of the busiest travel periods of the year, travel periods of the year 2 mil
some progressive candidates have won, others have lost. this week, the eyes are back on georgia, there were two senate run off races in georgia of january of 2021, g.o.p. lost both. giving control of senate to the democrats, this time, it say governor s race. brian kemp in 2018, then president trump gave brian kemp his full endorsement. kemp went on to beat stacey abrams. things have changed. president trump is not backing kemp this time around but backing perdue. whoever ins will race stacey abrams again in the general election, we know how much the media loves stacey abrams, joining us now former congressman from the great state of georgia, tommy graves, great to see you. how do you see the g.o.p. race for governor. great to be with you. i think you are right about where governor kemp is. everyone i have spoken with in both campaigns and a lot of my friends, across the state believe that governor kemp is in a very strong position and will win by double digits tuesday nigh