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Detailed text transcripts for TV channel - MSNBC - 20190607:19:08:00

Here. it really underscores what we already knew is the economy was slowing but it s slowing more rapidly than we expected and much of that, some of it is cyclical and related to trade. manufacturing sector has been weak. there was a bit of an impact from floods in the midwest because some construction activity couldn t get up and running because of that. it really was some weakness that we saw there. there was also structural weakness. that moves from bricks to clicks. people not shopping in stores. all the retail closures as the online retailers take over. that was real problem as well too. worrisome is not just the report but the slow down in wages and the household survey that gets to that unemployment rate. that survey has shown much weaker job growth in recent months. we tend to revert back to that survey.cyclical and i don t thi ....

Manufacturing Sector , Couldn T , Construction Activity , Household Survey , Retail Closures , Unemployment Rate , Job Growth , Dont Thi Modest Downturn ,

Detailed text transcripts for TV channel - MSNBC - 20181015:17:56:00

Online shopping. they really tried to fix this thing. it didn t work. it really didn t work. they filed for chapter 11 bankruptcy late last night. they lost about $6 billion over the past five years. sears really was the amazon of its hay day and it was displaced by walmart in the 1990s when walmart became the largest u.s. retailer out there and amazon came in and all of these online shopping giants. what sears has been unable to do is adapt. that really is the key in this retail environment. as you know we re seeing record pace of retail closures right now all across the country. we re talking about nine west and mattress firm. toys r us going into that critical holiday season. it s an i understandicator of w come with retail going forward and this very confident holiday ....

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