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After TMZ published a video of Morgan Wallen shouting the N-word at a friend outside of his Nashville home earlier…
First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds First quarter GDP came in at -0.7% pretty much in line with the Bloomberg Consensus estimate of -0.8%. First-quarter GDP was revised down about as expected, to minus 0.7 percent vs expectations for minus 0.8 and compared with an initial reading of plus 0.2 percent. Updated source data made for a bigger negative contribution from net exports as imports spiked 5.6 percent from an initial gain of 1.8 percent.
See the article here: Chicago PMI Unexpectedly Crashes: New Orders, Production and Employment Down by More Than 10%
Read More: Livestream of Rand Paul "Unleashing the American Dream" 12:45 PM Central
More: Another Perspective on Today’s Strong Housing Numbers
See the original article here: Atlanta Fed "Keeps Faith in Strong Recovery"
Credit Yahoo!Finance for the inane headline of the day: Employers shrug off Obamacare, robbing Republicans of a campaign issue . Just 18 months ago, a Republican fantasy seemed about to come true. The Affordable Care Act was in the midst of a disastrous rollout plagued by dialup-stye technology snafus.
Link if video does not play: Chicago BOE to default? Three minutes flies by fast
JS-Kit / Echo Comments Defunct Posted by Michael Shedlock at 2:21 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)