Despite low unemployment and record highs on Wall Street, the economy continues to struggle

under the weight of persistent inflation and increased cost of living. Now Americans by the millions are defaulting on their credit card payments and piling up debt.

In this episode we break down the latest numbers and hear from a market expert on where the economy is heading in the second half of the year.

I'm Daily Wire Editor-in-Chief John Bickley.

It's May 19th and this is a Sunday edition of Morning Wire. as Daily Wire Senior Editor Cabot Phillips, hey Cabot.

So you spoke with an expert on all this.

We'll get into that soon.

But first, let's start with a brief overview

of where things currently stand with the economy.

Yeah, it's easy to focus only on the negative,

and there is plenty of negative, but you know me,

I'm an optimistic guy, John.

So let's start with the good news from our economy.

After hitting multi-decade highs in 2022, the rate of inflation

has begun to slow a bit. Last month it came in at 3.4 percent. That's a 0.1 percent

decline from the month before. Those with a rosier outlook on the economy are also quick to

point to the unemployment rate, which currently sits a hair under 4%, that's around the lowest

mark we've seen in the last 50 years. And then there's's Wall Street which has been on a bull run since

2022 and hit record highs this week. The Dow surged over 40,000 for the first time. So good

news for a lot of people's 401k.

Now President Biden has been quick to tout all of those figures saying it's proof his economic

agenda is working.

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