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FOXNEWS The Story With Martha MacCallum July 7, 2024

may or may not match up with what you are feeling every day. we re about to get the biggest hard data dump of the summer. a multifaceted look at what the cold hard facts tell us about where the u.s. economy stands. you have these big hitters all announcing their earnings this week. it s going to be a big reflection of where we are, what we re buying out there. what we re not buying and participating in in this market. look at the reports coming out this week. it s a huge week for this summer. you have gdp, the cost of goods. perhaps the most important, consumer sentiment that we ll get at the end of this week. as you know, two quarters of gdp contraction. we ll get that second quarter gdp number. signalling a recession in the u.s. economy. the white house is changing its tune on the long-accepted benchmark. janet yellen is starting to hedge on what the definition of a recession is. with that, we bring in neil cavuto from your world. always good to have you with us. ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:04:00

if a person is paid on a salary, they have just lost an entire month of work for free because of the biden administration. martha: obviously that is the issue. we see it across most every poll. inflation is the thing that is weighing on the minds of americans, whether you call it a recession or don t call it a recession. neil: right. like do i believe my lying eyes. so it s all in the beholder. you know, the administration comes back with the latest creation of 972,000 jobs. over 9 million under this president. if the economy is in a deep funk, it has a funny way of showing us. what starts out strong can get interrupted mightily as we had in the 2000 dot-com bubble explosion that led to the tanking of the markets and a recession that gripped us severely. again, it was a short-lived ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:01:00

May or may not match up with what you are feeling every day. we re about to get the biggest hard data dump of the summer. a multifaceted look at what the cold hard facts tell us about where the u.s. economy stands. you have these big hitters all announcing their earnings this week. it s going to be a big reflection of where we are, what we re buying out there. what we re not buying and participating in in this market. look at the reports coming out this week. it s a huge week for this summer. you have gdp, the cost of goods. perhaps the most important, consumer sentiment that we ll get at the end of this week. as you know, two quarters of gdp contraction. we ll get that second quarter gdp number. signalling a recession in the u.s. economy. the white house is changing its tune on the long-accepted benchmark. ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:00:00

The victim we re told is in critical condition. john: and to finish out on a happier note, a hump back whale breaching the water and landing on the bow of a boat off the coast of massachusetts. the boat didn t sink, but they might want a bigger boat. amazing footage there. great to be with you. i m sandra smith. john: i m john roberts. the story with martha starts right now. martha: love that whale breaching on the front of that boat. that s a wake-up call. i m martha maccallum. glad to have you with us. joining us today, karl rove and lisa boothe as president biden faces stunning calls to just quit ahead of the 2024 race. we ll tell you the very interesting places that those calls are coming from. senior adviser to. biden, gene sperling joins us as the economy and an evolving narrative out of the white house ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:44:00

Quarters, means that the economy is in a recession. do you believe that? is that what you ascribed to? that is not the actual definition for a recession. it is a significant contractionary period over a few months. those that make that determination look at a lot of different factors, particularly the jobs market. so i d like to get three points of evidence as to why i think that the evidence is strong, we re not in a recession period and that in fact in the face of a very big global economy, the u.s. economy is showing special resistance. first, the job market. since 1942, there s never been a three-month period that we re creating over 67,000 jobs. the last three months, we created 375,000 jobs a month. we created 2.7 million in the ....

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