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Detailed text transcripts for TV channel - FOXNEWS - 20110526:13:08:00

sometimes the many the worst imaginable catastrophe that brings people together. martha: what a terrible story. several of these tornadoes touch down in california farm country as well. it was a severe storm cell that passed a few miles south of chico dumping hail in some places. listen to the people describe waiting was like. was like picking up popsicle sticks and throwing them. i saw a piece of sheet metal fly by. it s shocking. martha: they are all off the place, it seems. that twister tore across sean martinez almond farm. losses could reach in the millions of dollars. lasting impact in those situation financially. the stories we are telling you,

Transcripts For FOXNEWS Americas Newsroom 20110526

stream of economic indicators pointing in the wrong direction. bill: stuart, on the surface the numbers say what? reporter: the numbers say clearly this is a weak economy. a major disappointment for the obama administration. this year 2011 the economy has taken a notable turn south. the american economy is growing at a less than 2% rate. the unemployment, jobless numbers extremely disappointing. over 400,000 new claims in a week. earlier this week we had bad numbers on the housing market. you add it up, this is an extremely weak economy. bill: have you seen good news this week? reporter: gas prices are down a little. most drivers are still paying $4 a gallon for regular. but the big picture. this is a weak economy. bill: these big companies are producing more than they ever have. earnings are up but they are not hiring people. reporter: they are earning their profits the for tune 500 countries make half their money and more overseas where the economics are growing and

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