contraction not expansion but contraction. that is not good news when the economy shrinks. their work and trimming factors there, supply disruption around the world because of covid which has been pushing inflation higher and crimping economies for there were some business inventory buildup. company stocking their warehouses that got pulled into the fourth quarter it was incredibly robust in the last quarter before this one. and so it was lower in the first quarter. that said, he is right about the consumer and business in general pre-consumer spending was almost up 3% which was still very robust. business spending was up over 9% in the first quarter. so the good news is that under that number which will probably get revised the economy is scoring still quite strong. the expectation by economists is that the economy will continue to expand in the full year.
you can drive it with your eyes but nothing more hotly anticipated these than glasses. you can get up and walk on mars right in your office. reporter: i did that. you can play minecraft, mixed in with the environment of a room. reporter: are you living the american dream? i think so. i think the u.s. and has just been absolutely a dream. reporter: since he took over at microsoft one year ago, the company stocking is up 20%. he told me in the exclusive interview, the reason he s doing this. the thing that drives him day in and out, developing new technologies for children n particular, and he thinks of his three children, two daughters and a son with disabilities. rebecca jarvis, abc news, new york. those comments were really causing a lot of waves. it was women who were sitting in there started tweeting and it went viral almost immediately.
reporter: this is very cool. reporter: this wheelchair for patients with lou gehrig s. you can drive it with your eyes but nothing more hotly anticipated these than glasses. you can get up and walk on mars right in your office. reporter: i did that. you can play minecraft, mixed in with the environment of a room. reporter: are you living the american dream? i think so. i think the u.s. and has just been absolutely a dream. reporter: since he took over at microsoft one year ago, the company stocking is up 20%. he told me in the exclusive interview, the reason he s doing this. the thing that drives him day in and out, developing new technologies for children n particular, and he thinks of his three children, two daughters and a son with disabilities.