Hello, everybody. I'm John Fawson with this Great America show Midday Update for Thursday, June 26th.

Happy Thursday, folks. I hope you guys are all staying cool out there, and your summers are off to a great start.

Here in New York City, it's the last day for schools for the New York public school system.

As parents now get to deal with their kids at home for the next two months or so.

We pray for all you guys, and like I said, I hope your summers are all off to a great,

great start.

Promises made, promises kept you hear me say it each and every day on this show like a broken record,

but I'm only saying it because it's happening and it's happening right before our very

eyes.

General Electric's Appliances is moving their washing machine production

from China to America. Kentucky exactly is where it's going. $500 million investment, quote,

we are bringing laundry production to our global headquarters in Louisville because manufacturing

in the United States is fundamental to our zero-distance business strategy

to make appliances as close as possible to our customers and consumers.

That's according to CEO Kevin Nolan.

He says that this decision is their most recent product reshoring and aligns with current economic and policy environment.

I guess they just don't like the T word. That's right.

Tariffs. Nobody could like them, right, if you're the one eating the tariff. And speaking of

economics, the U.S. economy shrank for the first three months of 2025, also known to the first

quarter, with the latest government data showing a deeper contraction than previously estimated

as consumer spending lost momentum and a surge in imports widened in the trade gap.

Gross domestic product declined an annual rate of a half percent in the first quarter.

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