nation is officially in a recession. something many experts have predicted was coming. john roberts in washington. happy monday to you. sandra: i heard booming thunder here in new york city as a storm rolls in. welcome, everyone. i m sandra smith in new york, this is america reports. it has now been four days since the president s positive covid test. his doctors say he s doing well and symptoms are almost completely gone. all of this as the white house and president biden s team prepares for another fight. an efforts to redefine what actually constitutes a recession. john: treasury secretary janet yellen says a second quarter of negative growth in the g.d.p. will not indicate recession but does admit the economy is slowing. josh is here on this, and more noise about biden s 2024 candidacy, that s coming up in moments. sandra: peter doocy at the white house, what do officials expect from this week? are we in a recession or not? peter: sounds like, sandra, they are
over 100 million vaccines delivered so far. we are at a critical time. stunning images of crowds flocking for spring break. the other surge raising major concerns this morning is the growing crisis at the u.s. mexico border. right now, more than 4,000 unaccompanied migrant children, that s children without their parents are in border patrol custody. we are following all these headlines, first, cnn jeremy dimons is at the white house with more on the cross-country tour touting his relief package, it s interesting during trump presidency, we talk about campaign-style presidents. i wonder if you see this at a campaign event? reporter: from is no question president biden and vice president harris are talking about the american rescue plan. that coronavirus relief package you signed in law last week. a part is political. it s about preparing for the mid-terms. every democrat up and down the ticket will be running on this plan. particularly throws members of congress and senators
Last week was eventful in the financial world, and this week is shaping up to be exactly the same. It will be less focused on inflation and corporate results, and more on macro data. Earnings season. -May 20, 2024 at 09:26 am EDT
- MarketScreener
A softer-than-expected job market update from the U.S. on Friday that renewed hopes of an easing by the Federal Reserve dominated sentiment across markets..
Disappointing earning updates and guidance from the corporate sector especially from Meta Platforms dampened market sentiment. Weakness in the technology sector spilled over to the broader markets.