may or may not match up with what you are feeling every day. we re about to get the biggest hard data dump of the summer. a multifaceted look at what the cold hard facts tell us about where the u.s. economy stands. you have these big hitters all announcing their earnings this week. it s going to be a big reflection of where we are, what we re buying out there. what we re not buying and participating in in this market. look at the reports coming out this week. it s a huge week for this summer. you have gdp, the cost of goods. perhaps the most important, consumer sentiment that we ll get at the end of this week. as you know, two quarters of gdp contraction. we ll get that second quarter gdp number. signalling a recession in the u.s. economy. the white house is changing its tune on the long-accepted benchmark. janet yellen is starting to hedge on what the definition of a recession is. with that, we bring in neil cavuto from your world. always good to have you with us. neil:
trading laws. it has to be material, nonpublic information that is stolen. people talk about this legislation for months and months. six months. the problem that he s got is two fold. number 1 is the timing was impeccable. right when it looked like it was bipartisan agreement, he started exercises his options to buy the stob. based on the disclosures, he bought anywhere between $1 and $5 million and netted him a pro fight of $500,000. that s the other problem. the other problem is optically. these are people that are limousine liberals. i m not being political when i say that. nancy pelosi is a california democrat. she s been bashing businesses for years. looks really hypocritical in addition to sleazy. so you put that together and this is going to raise eyebrows. martha: you know, that s the
so her math breaks down quickly. charles: what about this deflection, pointing a finger at business. after a hurricane or gastation they might take advantage. but we haven t seen evidence of large corporations in massive price gouging. in fact, that s one of the reasons we embrace capitalism. but they re doubling, tripling down on this, not just aoc but president biden himself. i think it s a dangerous slippery slope. it is. when you start bashing businesses, the businesses obviously create jobs in this country. there are lots of good paying jobs available right now. partly because, again, you have a work force shortage right now. people are having to pay more for labor. you re getting people with better opportunities to make money in this economy. but to suggest that everything falls with on business is a fairly typical kind of a throw-away democrat line. in the end, it pits you against
he is going to stop regulations that are bashing businesses, he is going to bring investment to the u.s. you can t imagine how many foreign investors won t put their money in the u.s. because they don t understand what s going on. they don t trust the environment. that is the first time i have heard that in my life that will change under mitt romney. this question committee will grow. i agree with no foreign investments. he made a crack about mitt romney knowing about foreign investments. oh, come on. secretary gut you re rerkz you have been a good sport being on with us tonight. i appreciate it. thank you thanks for having me. thank you very much. it is remarkable to hear republican surrogate try to talk about the immigration as being positive for the republicans and medicare being a positive for the republicans right now when the when the party has moved so far to the right, even in just the last four years on both of those issues. plenty of time to talk about that an