Mathisen is somehow not wearing a tie. More than Economic Data never takes off and you got some big data earlier today. Lets find out what it may say about the economy and your money with the very bespoke Steve Liesman. I may take my tie off. The bad news is that with this mornings revision, we couldnt even get to 1 for First Quarter growth. Q1 actual up 0. 8 . That is an upward revision. There would be hopes for a whole number. 1 couldnt make it. The good news is that weakness is so far not spread to economists for this quarter. Here is the cnbc rapid update. There is news in this, folks. Its unchanged. The yfd a rebound remains intact. And some big guys like Goldman Sachs had the upper range there of 3 . Here are the details of the gdp number. Consumer spending that, is the big disappointment. Still at 1. 9 . Business investment revised downward. Businesses are simply not spending out there. Housing is strong. Revisions upwards to net trade. Exports were a little better. Imports a li
Announcer this is on the money. Your money, your life, your future. Now, becky quick. We begin with family leave. The United States is the only industrialized nation that doesnt guarantee paid Maternity Leave. That is beginning to change as cities and states pass programs to help new mothers and fathers. Companies like netflix are going a step further. Leave to stay, that is our cover story this week. 2016 has been called the year of the parent. This year, San Francisco became the first city to require fully paid parental leave and new york state joined california, new jersey and rhode island in requiring paid time off statewide. So only 12 of u. S. Employees get paid family leave from their employer because federal law only mandates that the Companies Offer unpaid time. But advocates say as more mothers reenter the workforce, that needs to change. In 1975, only 47 of mom with childrens under the age of 18 worked. Now its up to 70 and its not just mothers who want time off for a new ch
If we learned anything this week, its that the economy is getting stronger. Today we got even more evidence. Economic growth at the start of the year wasnt really as bad as initially thought. According to the commerce department, the designations Gross Domestic Product increased. 8 . Throw still weak, corporate profits rose and the decline in business inventory investment was less severe. Still, the needed proof that the economy is rebounding, well, listen to what Federal Reserve chair janet yellen said today. Its appropriate, and ive said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate over time. And probably in the coming months such a move would be approp she made no mention of overseas concerns, something that has kept the fed on hold in the past. And with that the chance of a june rate hike rose. The markets werent bothered by it. The Dow Jones Industrial average gained nearly 45 points to 17,873. The nasdaq added 31. The s p
If we learned anything this week, its that the economy is getting stronger. Today we got even more evidence. Economic growth at the start of the year wasnt really as bad as initially thought. According to the commerce department, the designations Gross Domestic Product increased. 8 . Throw still weak, corporate profits rose and the decline in business inventory investment was less severe. Still, the needed proof that the economy is rebounding, well, listen to what Federal Reserve chair janet yellen said today. Its appropriate, and ive said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate over time. And probably in the coming months such a move would be approp she made no mention of overseas concerns, something that has kept the fed on hold in the past. And with that the chance of a june rate hike rose. The markets werent bothered by it. The Dow Jones Industrial average gained nearly 45 points to 17,873. The nasdaq added 31. The s p
If we learned anything this week, its that the economy is getting stronger. Today we got even more evidence. Economic growth at the start of the year wasnt really as bad as initially thought. According to the commerce department, the designations Gross Domestic Product increased. 8 . Throw still weak, corporate profits rose and the decline in business inventory investment was less severe. Still, the needed proof that the economy is rebounding, well, listen to what Federal Reserve chair janet yellen said today. Its appropriate, and ive said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate over time. And probably in the coming months such a move would be approp she made no mention of overseas concerns, something that has kept the fed on hold in the past. And with that the chance of a june rate hike rose. The markets werent bothered by it. The Dow Jones Industrial average gained nearly 45 points to 17,873. The nasdaq added 31. The s p