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get out the dictionary. we ll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let s get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all of the commentary that i m hearing is talking about a shrinking of the economy but the good news for the economy is that job growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-u ....
tonight, congressman adam schiff and claire mccaskill on the merrick garland interview a new reporting that the dark department of justice is investigating donald trump. plus as pence for president essentially kicks off, can you really agree to disagree after a violent coup attempt? i don t know that the president and i differ on issues. but we may differ on focus. and new reporting on the fake electoral campaign to up end democracy in the republican running for governor who s in the middle of it all. all in starts right now. good evening from new york, i m chris hayes. in the past hour we just got a huge bit of breaking news. the department of justice is investigating donald trump. washington post is reporting that the doj is investigating the ex president s actions as part of its criminal probe on january 6th. sources telling the post of federal prosecutors were questioning witnesses before the grand jury announced hours of detailed questions about troubleshoot ....
inflation. doug luzader joins us live in washington. good morning, doug. doug: the fed meets tomorrow to talk interest rates, a lot going on, and the white house is laying the groundwork. we may find on thursday gdp has fallen, according to the white house economic advisors, some maintain two consecutive quarters of falling real gdp constitute a recession, that is neither the full definition or how economists evaluate the business state. former obama administration says recession is likely. there is high likelihood of recession when we ve been in this kind of situation before, recession has followed when inflation has been high and unemployment has been low. doug: the fed starts their meeting tomorrow, expected to raise interest rates to reign in that 9.1% inflation rate. inflation is way too high, the fed is charged with putting in place policies that will bring inflation down and i expect them to be successful. republicans meantime, say the administration is ....
and the outcome of president biden s speech himself. what a party to actually benefit from biden bowing out? you have to support and defend the policies of joe biden which is bad electorally. if you show them i throw president biden off the ship, you two years after the presidency they are in this joe biden could be fine. joe biden could save his presidency if he would change course. todd: brooke singman has more between the media and the white house, brooke, good morning. good morning, guys to brush off bad poles and support the president biden continues to slide. last week the president s approval rating hitting a new low in new quinnipiac university poll shows 31% approved and 50% disapprove but yesterday white house chief of staff argued it s not the president s fault. listen to this. i think the president s approval rating is a reflection how people people feel about what is going on in the country. and some things in the country aren t going well not becau ....
never registered as a foreign agent. there is a huge conflict of interest here. the attorney general is appointed by president biden. this is president biden s son. we need a special counsel. the man who attacked lee zeldin is now back in custody facing federal charges. that suspect arrested first under new york s cashless bail law and released. if you wanted to create an ad that would show the lack of seriousness on crime in, no, it s this. i m still sanding i m still standing yeah, yeah, yeah steve: yep, you are looking live at neptune beach in new jersey. neptune township. and right now we have got 80 degrees. going to be another hot one. they are heading to 90 thanks to the bright thing in the middle of the screen right there. right now you are listening to up the road from neptune you go up 95 in the new york city area right there next to the highway is metlife stadium. and on saturday night live from metlife, peter doocy went with me to see elt ....