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government reported a second straight quarter of negative economic growth. so this complicated picture is why president biden is pushing back against talk of a recession. with both senator schumer and manchin. that s consistent with the transition to a stable steady growth and lower inflation, but if you look at our job market consumer spending, business investment, we see signs of economic progress in the second quarter as well. joining us now to take a closer look at this, cnbc senior economics reporter steve liesman and ben white, politico chief economic correspondent and host of the politico money podcast. steve, when you take all of this data into account, all these indexes, what does it tell you about the state of the economy right now? it tells us that for sure the economy has slowed. remember, we did like 6% growth in the fourth quarter and now we ve come off two quarters in a row. the first quarter we came off because of what was happening with inventorie ....
Government reported a second straight quarter of negative economic growth. so this complicated picture is why president biden is pushing back against talk of a recession. with both senator schumer and manchin. that s consistent with the transition to a stable steady growth and lower inflation, but if you look at our job market consumer spending, business investment, we see signs of economic progress in the second quarter as well. joining us now to take a closer look at this, cnbc senior economics reporter steve liesman and ben white, politico chief economic correspondent and host of the politico money podcast. steve, when you take all of this data into account, all these indexes, what does it tell you about the state of the economy right now? it tells us that for sure the economy has slowed. remember, we did like 6% growth ....