Today is Thursday, May 1st. We're talking about the American economy shrinking and why President Trump says it's not his fault.

Also, a big breakthrough in negotiations leads to a new deal between the U.S. and Ukraine.

And we have the latest on severe storms that span from Texas to Pennsylvania and aren't over yet.

Plus, why Visa wants to give your credit card information to AI, who's being

punished for prank calls during the NFL draft, and how a kangaroo ended up causing chaos in

Alabama. Those stories and even more news to know next. Welcome, welcome to The Newsworthy. All the

day's news in around 10 minutes. Fast, fair, fun, and on the go.

I'm Erica Mandy. Thanks so much for being here. You ready? Let's do this.

For the first time in years, the U.S. economy is shrinking. The latest report from the U.S. Commerce Department says the U.S. gross

domestic product, or GDP, fell at an annual rate of three-tenths of percent in the first quarter of the

year. That's down from a two and a half percent increase at the end of last year. It's noteworthy since

the GDP is basically the total value of goods and services that a country produces in a certain time

period, and it's the broadest measure of economic activity. Economists say it also clearly reflects

the impact tariffs are having and how much the economy is set to shrink more in the months

ahead. Specifically, the data shows how businesses are stockpiling goods causing imports to surge.

Imports count against the GDP,

since they aren't produced here. Though that trend does seem to be turning around as shippers are reportedly canceling orders from China. The latest government data also shows how Americans are

growing wary of spending too much money unless it's on big purchases like cars, though some automakers

say that trend is starting to

change, too. Plus, the GDP report specifically called out a decrease in federal government spending.

President Trump responded to concerns over his tariff policies yesterday by acknowledging that

some products might start to be tougher to find and more expensive. Or, as he put it, American kids might have

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