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MSNBC Jose Diaz-Balart Reports July 7, 2024

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 ....

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MSNBC Chris Jansing Reports July 7, 2024

d.c. courthouse where navarro is expected to arrive in about an hour and a half. we ve got a lot to talk about and the best people to talk about it. new york times chief white house correspondent peter baker. nbc s pete williams. nbc s sahil kapur on capitol hill. ari melber, msnbc chief legal correspondent and host of the beat. let me start with you, ari, because i saw peter navarro on your program last night. he did not appear, to me, to be a man who thought he might be in federal custody less than 24 hours later. that s exactly right. he didn t sound like that. he didn t talk like that. he said he was in some sort of discussions with doj. this began with his public statements about what he called a green bay sweep or an effort to overturn the election, something he thought was legal, he talked about, and defied the congressional request and subpoena to testify about it. he did tell me about it here on msnbc. i said to him last night, if you re going to describe ....

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MSNBC Jose Diaz-Balart Reports June 4, 2024 14:01:00

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 ....

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MSNBC Chris Jansing Reports June 4, 2024 17:47:00

Struggling with inflation, she s got a lot of convincing to do. just hours ago, more red flags over a potential recession, this time the gdp report, economic activity shrank for the second straight quarter, this time by almost 1% between april and june. 256,000 time filed first-time unemployment claims last week, slightly less than the week before. that comes in the wake of the federal reserve hiking interest rates for a fourth time this year. it s now more expensive to borrow money for a mortgage, car loan or student loan, and credit card interest rates are going up, too. joining me, ben white, chief economic correspondent at politico and host of the politico money podcast, and jonathan lemire, white house bureau chief. ben, that was the right question, right? is this going to be a long and grinding fight? that s what the american people want to know. she said hard to know what the timeframe is, even though there are some positive signs. this is a challenge for this ....

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MSNBC Chris Jansing Reports June 4, 2024 17:21:00

Chase s ceo, jamie diamond. it s a hurricane. right now it s kind of sunny. things are doing fine. everyone thinks the fed can handle this. that hurricane is right out there down the road coming our way. we just don t know if it s a minor one or a super storm sandy. the president was also asked about comments by elon musk, reported by reuters. musk reportedly said in an email that he has, quote, a super-bad feeling about the economy. here s president biden firing back. lots of luck on his trip to the moon. nbc s josh lederman is in delaware following the president. i want to bring in ben white, chief economic correspondent for politico and host of the politico money podcast. he is an msnbc contributor. the answer was a little longer than that, but he ended with that clip in response to elon musk. i think you can hear the frustration and the pressure the ....

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