Biden vs. the bad vibes economy

1 big thing

Axios

News

4.0 • 2K Ratings

🗓️ 29 July 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest GDP numbers out yesterday showed a slowdown in the US economy for the second quarter in a row, pushing a lot of pundits and some news outlets to declare that the US is in a recession. But Fed chair Jerome Powell, President Biden and many economists say that’s not the case. Plus: Kids in California can wake up a bit later for school this year…and other states are following suit. And: a new trend – edible utensils. Really. Guests: Axios' Neil Irwin, Hans Nichols and Jennifer Kingson. Credits: Axios Today is produced by Niala Boodhoo, Emily Peck, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird, Alex Sugiura, and Ben O'Brien. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: Recession semantics aside, the new GDP numbers are bad Biden's recession juggling act California's crack-of-dawn school ban could set a national trend The next eco-friendly trend: Edible cups, spoons and straws Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Try to get across that slice it just wider the post.
0:05.0	Have they done enough?
0:07.0	Can they pull it out the back?
0:09.0	Does the ref have a clue?
0:11.0	When you're shouting at the screen, blow your whistle!
0:16.0	There's no feeling like live TV.
0:19.0	However you watch, a TV licence is your must-have pass to over 400 live TV channels
0:25.0	and it also funds the BBC, such TV licence.
0:30.0	Good morning!
0:34.0	Welcome to Axios Today.
0:36.0	It's Friday, July 29th.
0:38.0	I'm Emily Peck and for Nila Budu.
0:41.0	Here's what we're watching today.
0:43.0	Kids in California can wake up a bit later for school this year
0:46.0	and other states are following suit.
0:48.0	Plus a new trend.
0:50.0	Edible utensils.
0:52.0	But first, Biden vs the Bad Vibes economy is today's one big thing.
1:01.0	The latest GDP numbers out yesterday showed a slowdown in the U.S. economy for the second quarter in a row
1:07.0	pushing a lot of pundits and some news outlets to declare that the U.S. is in a recession.
1:12.0	But Fed Chair Jerome Powell, President Biden and many economists say that's not the case.
1:18.0	Axios' chief economic correspondent Neil Irwin and political reporter Hans Nichols join us now to break this down for us.
	...

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