Consumer spending, you see the fact that we are in a historic moment in terms of our economic growth, i mean, this is the first time in four years that weve seen the gdp break at 4 . It was Larry Summers who said if we get to a 3 growth that it would be fair enough to say if you were to believe in tooth ferries. Jon Allison Barber is reporting from berkley heights, new jersey, near the president s golf club where he is spending this weekend. Allison, how big a deal are these numbers for the white house . Reporter for the white house they seem to be an enormous deal. Any time we speak to anyone from the administration or hear any interviews with President Trump or even from Vice President pence, what they want to talk about is the economy and gdp growth, despite warnings from some economists that the growth is not sustainable longterm. The president is telling americans the growth is here to
An evening newscast reviewing and analyzing top stories of the day. Theres a lot of democratic v
susan collins leading the effort. the state s lobster industry feels the pinch with the trade battle with china. reporter: maine lobster industry is becoming a tragedy in the trade war between the u.s. and china. the hard part is, it was an up and coming market. reporter: china s appetite for-mile-an-houfor-mile-an-hourn seseafood is voracious. hit with new u.s. tariffs, beijing struck back, slapping an additional 25% levy on u.s. lobsters. the changes threaten profits for dealers. 50% of what we produce used to go to mainland china. as of july 6, we ve sent non. reporter: his company employs
september 25th national lobster day. i m in favor. maine senators angus king and susan collins leading the effort. the state s lobster industry feels the pinch with the trade battle with china. reporter: maine lobster industry is becoming a tragedy in the trade war between the u.s. and china. the hard part is, it was an up and coming market. reporter: china s appetite for-mile-an-houfor-mile-an-hourn seseafood is voracious. hit with new u.s. tariffs, beijing struck back, slapping an additional 25% levy on u.s. lobsters. the changes threaten profits for dealers. 50% of what we produce used to go to mainland china. as of july 6, we ve sent non.