that prompted the white house to go into a spin overdrive like this. you would be amazed if they would declare this period to be a recession, even if two quarters of negative growth. we have a strong labor market and we are creating one of those jobs that is not a recession. i think probably. there is so much out of our control to read what inflation is being a global problem. brian: in fact, the gas prices coming down in the summer is extraordinarily rare. that is not something we see very often pure they follow every single day since started. that is progress but not enough and we need to keep working on this. we begin with gillian turner reporting live from the white house, good morning. good morning to you julie and bill. we did not see him at all over the weekend and we will not see him in person before wednesday. his position wrote in the letter, this just in and we will hear direct from the white house the covid coordinator this afternoon and we will get some
consecutive quarter of negative growth. we have global challenges in the short term. we have to navigate our way through them but we have to do so without giving up all of the economic gains. that will be our focus, and we need to train that focus on that rather than technical debates about the data. economists anticipating knowledge of a recession should definitely not hold their breath. take a listen to janet yellen. this is not an economy and recession, but we are in periods of transition in which growth is slowing. and that is necessary and appropriate. a recession is a broad-based contraption to the many sectors of the economy. we just don t have that. that is not all. the council economic advisor pete appears to redefining to constitute what a recession is
or not they meet certain basic standards. he said that. so i don t think it s a reach to think someplace embedded in this likely will be the kind of things the federal government wants to happen on the ground. there is good news. that is that in this release they put out, they talk about task forces, gun task forces. that s the metric right there. if they set those up in the same way they set up the joint terrorist task forces after 9/11 and put federal, state and locals together making federal cases gets you out of the prosecutors we re talking to here you ll see something. if they are doing that, this is real. julie: that s all the time we have. paul morrow, thank you very much. interesting article. got to read his op-ed. thank you so much, paul. thank you. this isn t the first time paul has done this and not he is buying stocks. he is buying calls and options and puts. bill: house minority leader
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