inflation that is not going down significantly. we will have the latest on the midterms including a fallout from all this week s debates. but, first up, the preelection economy where it stands. white house correspondent jackii heinrich starts us off from the north lawn. good evening, bret. the president is in syracuse touting the biden administration investment and praising today s economic report. the data is not what it seems on the surface. great economic report today. the g.d.p. report. things are looking good. at first glance today s g.d.p. report suggests the u.s. economy is turning around after two consecutive quarters of negative growth. but a closer look shows the 2.6% growth was driven by flux yaptions in international trade, not reflecting the underlying health of the economy and increased government spending. economists think both will drop off in quarter four. moreover, consumer spending is slowing as inflation climbs faster than wages. moody s chief econom
The price of battery-grade lithium carbonate has experienced a significant crash due to an oversupplied market in Asia and a slowdown in the global adoption rate of electric vehicles.
A subsea pipeline rupture near Louisiana has resulted in a significant oil spill of 26,000 barrels, halting offshore production from several major oil companies and marking the worst spill in the US since the Deepwater Horizon disaster.
Finland is closing all but one of its border crossings with Russia to control the influx of asylum seekers, with Prime Minister Petteri Orpo citing Russia s alleged role in the crisis.