Transcripts for CNN CNN Newsroom with Poppy Harlow and Jim S

Transcripts for CNN CNN Newsroom with Poppy Harlow and Jim Sciutto 20190920 13:45:00

ago. that's a boom. but you're right. we've gone from 3% growth to 2.5% growth. so it has slowed a little bit. and then -- and i was really nervous that the slowing was going to accelerate. then we had this great industrial production number. we're basically booming still. everybody thought we couldn't grow more than two. the new normal was 1% growth and we've broken that pretty clearly. >> but what could hamper things, and i want your read on this is what's happening in the midwest right now because this is day five of the gm strike. 50,000 union workers not going to work. 10,000 american companies that supply those workers to do their jobs. center for automotive research says each hourly worker at gm results in three to four workers and suppliers. you've heard the economists that are saying, if this goes on for a month or two, this could plunge the rust belt into a recession. do you think it could? >> that strike is a very thing. and when i was the cea, we used to do careful estimates of this.

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