kind of stuff goes away. the white house says they deny a recession is coming. listen to this exclusive video that we just got in from fox digital. watch in. have you checked gas prices lately? have you checked interest rates? we re in a recession. prices are going up, employment pay is not going up as fast. know that a lot of us will be able to enjoy. we ll have to work to be able to pay bills to live, to eat. i think we re in a recession. interest rates have gone up, up, up. the economy seems to be slowing down. the price of cars is unreal. if you can get one. martha: that s pretty good. these folks have it straight. we ll talk to glenn youngkin, the governor of virginia where the interviews were done. he s coming up. white house correspondent edward lawrence reporting live from the north lawn. the consumer sentiment is critical as economic data comes out. more americans are pessimistic about the economy. the lowest level since february 2021. the current preside
Indias glitzy 620 presidency ending with a gavel handed to brazil. Thejoint ending with a gavel handed to brazil. The joint declaration avoided condemning russias war, but the inclusion into the African Union was seen as a major achievement. African union was seen as a majorachievement. I African Union was seen as a major achievement. African union was seen as a major achievement. Maor achievement. I think this is major achievement. I think this is a really major achievement. I think this is a really good major achievement. I think this is a really good move major achievement. I think this is a really good move and major achievement. I think this is a really good move and mds| is a really good move and mds should be complemented for champion it. This, even as 100 billion promised by western countries every year, to help developing countries mitigate climate impact, is still nowhere in sight. Impact, is still nowhere in siht. , impact, is still nowhere in siuht. , . ,. , impact, is stil
however slower demand and trade restrictions on chip making technology have put businesses under pressure. those restrictions only apply of course to high end chips currently. for more on the industry i spoke to stacy raskin, a senior semiconductor analyst. these export controls were fairly targeted. the only things that were actually impacted were high end artificial intelligence chips, chips for supercomputers and equipment that was capable of manufacturing high end logic and memory. in terms of actual revenue impact the only ones that really saw was the equipment vendors. the reason is from the high end chips it was nvidia they were able to backfill with other products that came in below the control thresholds that were legal to sell in china. the customers bought lot of those in backfill and did not see any revenue hit. the equipment vendors did see a hit. again limited in their abilities to sell tools for advanced logic and advance memory and it was several billion dolla
pressure points that these countries will have to navigate? i really think it s a confidence game at this point. we want consumers to continue to spend, we want firms to continue to invest. i think having some confidence that the rate cycle globally is near its peak, the us continues to put up good numbers, china has tweaked some of the measures in the property market. it s certainly not a disastrous story but it will probably in poorly on growth, and countries have to figure out how to navigate that given the particular circumstances. not a terrible scenario but a bit weaker than we are used to in this part of the world, where china was powering the region and everyone else was pulled along. how do you see the challenges in the property sector? it was one of the huge boosters in the chinese economy. the property sector in china is driving between a quarter and a third growth. we know the authorities are concerned about excess debt levels. they want the market mechanisms to w
you quoted one of my favorite stories, alice in wonder land. when i use a word, it means what i choose it to mean, neither more nor less. the question is whether you can make words mean so many different things. well, can you? can you, steve? well, you know, also session that all the king s horses and all the king s men couldn t put humpty dumpty back together again. martha: that s true. that s what happened to humpty. i feel like that might be the case with our economy right now. the president does have a point that the jobs market is good. it s a solid jobs market for now. but all of the other indicators are pretty negative. we re going to discover in the next 48 hours that we re effectively in what is the definition from the dictionary of a recession, two straight quarters of negative growth. but you know, it doesn t really