Big pump on the rode and will you should our. Another recession. And pulling the plug on the tech start that would have turned the tv business upside down. And the bosses making thursday the new fridays all over america. Im jen rogers in for ali velshi, and this is real money. This is real money and youre the most important part of the show. Tell me whats on your mind by tweet ing me ali velshi and facebook. Com ali velshi. Gross domestic product turned out by the economy plummeted by an annual rate of 2. 9 . Thats the sharpest decline in five years. All winter long the crazy weather was blamed for hitting the economic activity. But now with all the data gathered and complete, it crank the gdp by three points below the original estimate. What happened . It was a lot more than just the bad weather. Consumer spending took a hit in part because of jobless benefits expired in january, and cuts to food stamps kicked in. In addition the pace of healthcare spending was way lower, and business
Big pump on the rode and will you should our. Another recession. And pulling the plug on the tech start that would have turned the tv business upside down. And the bosses making thursday the new fridays all over america. Im jen rogers in for ali velshi, and this is real money. This is real money and youre the most important part of the show. Tell me whats on your mind by tweet ing me ali velshi and facebook. Com ali velshi. Gross domestic product turned out by the economy plummeted by an annual rate of 2. 9 . Thats the sharpest decline in five years. All winter long the crazy weather was blamed for hitting the economic activity. But now with all the data gathered and complete, it crank the gdp by three points below the original estimate. What happened . It was a lot more than just the bad weather. Consumer spending took a hit in part because of jobless benefits expired in january, and cuts to food stamps kicked in. In addition the pace of healthcare spending was way lower, and business
This is real money and youre the most important part of the show. Tell me whats on your mind by tweeting me ali velshi and facebook. Com ali velshi. Gross domestic product turned out by the economy plummeted by an annual rate of 2. 9 . Thats the sharpest decline in five years. All winter long the crazy weather was blamed for hitting the economic activity. But now with all the data gathered and complete, it crank the gdp by three points below the original estimate. What happened . It was a lot more than just the bad weather. Consumer spending took a hit in part because of jobless benefits expired in january, and cuts to food stamps kicked in. In addition the pace of healthcare spending was way lower, and businesses were slow to restock their shelves after the holiday season. Finally exports of u. S. Goods fell in the first months of the year, and of course the weather did not help. Add that all up, and it equals a pretty serious blow to the economy. But that was then, and this is now. B
Figures through the course of our first 45 minutes. We want to invite those of you who are unemployed to call not only to talk about the job numbers as you see them but to talk about your job search experience as well. Our first 45 minutes, those of you who are unemployed, give us a call on one of two lines this morning. Offer thoughts on social media as well. And sendr or facebook us emails. The wall street journal offering analysis of the numbers that were released yesterday when it comes to jobs figures. 175,000 jobs created. 6. 7 is the unemployment number. Here are some of the analysis from the wall street journal. For the first time in 46 months, more Unemployed People found a of then dropped out workforce. A broad measure of unemployment that includes people working parttime who want a fulltime job and others marginally fellhed to the workforce 12. 6 . The lowest level since november 2008. Unemployment remains stubbornly high for many of the workers. 10. 5 million americans unab
Hurricane katrina and super storm sandy. Now a new estimate that says that harveys damage could cost more than both of those combined. 190 billion is the total coast. Now dr. Joel meyers says that Business Leaders and major banks, the Federal Reserve should factor in the negative impacts this catastrophe will have on business, corporate earnings and employment. Thats consistent with president trumps guess that theres never been a Natural Disaster like Hurricane Harvey. Some businesses wont be able to get back the money theyll be losing the next few months as mold is removed and drywall is replaced. Many businesses wont get the money theyll lose. Part of the calculation is like gasoline going up because harvey interfered with the normal supply process. Then you have the cost of replacing houses and the belongings inside of them. That is something that harveys victims will have the start doing as soon as theyre allowed back. Lauren . Lauren peter, thank you. Harvey hitting as the news of