february of 2021, signs pointing to a recession soon if they are not already there. and with that cheery news, we kick off the day. john roberts in washington. harris said have a great weekend, i m with it. let s pull up stakes and go home. sandra: go with it. great to be with you, john. sandra smith in new york. this is america reports . latest response from the white house seems to be about semantics with the president and his team trying to change the definition of a recession. the administration is also claiming the economy is in strong shape due to a hot labor market and falling gas prices. john: millions of americans struggling to afford groceries and to fill up their tanks as inflation runs rampant. sandra: mike emmanuel is live on the north lawn, white house says don t look here, not recession, but the white house seems to counter what millions of americans are actually feeling. sandra, you are right. white house officials are already downplaying this week s
by the british bank standard charter. now, still question marks and always concern when you talk about china, about transparency and visibility inside the country. some of the recent covid outbreaks, according to the same report i mentioned, may have disrupted activity. and then housing, which has been slumping in china a year, prices are falling. economists say they don t appear to have bottomed out. but the best industry might be semiconductors or computer chips. congress here in the united states is moving to provide more money to domestic chip companies, china is moving with its own goal of building more than 30 new chip factories by the year 2024. kind of speaks to a chinese plan in some ways similar to what we hear about in the u.s. to be more independent economically, not rely as much on global supply chains. when it works remains to be seen. many economists miss china to