GDP growth jumped in the third quarter from Marketplace. I'm Sabrina Banishore and for David Bruncaccio.

The gross domestic product of the United States, that is the sum total of the entire economy, grew at an annualized rate of 4.3% in the third quarter.

That is faster than it grew in the first and second

quarters. And this is not just consumers buying stuff. Larry Adam is chief investment officer at

Raymond James, which is a marketplace underwriter. Welcome, Larry. Thank you very much for having me. Happy

holidays. So 4.3% is pretty good.

What do you think?

Yeah, well, for GDP, I think that that's a very good, very solid number for the third

quarter.

And the good thing about it is that it was broad-based.

You know, you saw good spending by the consumer.

Exports were up really strong, almost 9%.

And even government spending was up 2.2% driven by defense

spending. So overall, pretty broad-based strength in that number. But I would caveat it, because

if you just think about this, this number is fairly old. It goes back to the economic data that

we were generating at the beginning of July. So it is pretty dated as we sit here right now.

Yeah, July through September, and here we are in December. Any idea as to what GDP is looking

like right now as we speak? Yeah, I think right now as we sit here in the fourth quarter,

I do think you're going to see some temporary softness in the economy. The reason for that is that

we did have the government shutdown this particular quarter. I think tariffs are taking a little

bit of a bite out of the ability for consumers to spend. But I wouldn't write off the fourth quarter

because it just came out this morning that MasterCard's spending survey came out. And spending so

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