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u.s. futures point to a little bit of profit taking this morning and clearly there is a lot of uncertainty. yesterday, it was all about the fed. today, all about the second quarter gdp. that s going to be released later this morning. and white house watching it nervously, we ve had a lot of debates over what exactly a recession is. what are economists expecting to see later today? well, you make a really excellent point, john about, this debate over what actually constitutes a recession. if we do get a negative, a contraction in gdp today, it doesn t necessarily mean the u.s. is in a recession. that is what many economists would say. and look out for the headlines and understand it is a little more nuanced for that, a technical recession is defined as two consecutive quarters in gdp contraction but in the u.s., the national bureau of economic research actually makes that determination, whether or not the u.s. is in recession, based on a broad range of factors. the other thing to be

U sWhite houseJohn aboutIt doesn tJerome powellGdp contraction