4.6 • 1.4K Ratings
🗓️ 25 September 2025
⏱️ 24 minutes
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| 0:00.0 | Welcome to the three martini lunch. |
| 0:05.0 | Grab a stole next to Greg Corumbus of Radio America and Jim Garrity of National Review. |
| 0:10.0 | Three Martini's coming up. |
| 0:12.0 | So glad you're with us for the Thursday edition of the Three Martini Lunch. |
| 0:17.0 | Jim, we are getting closer to the weekend, but we have no shortage of stories that we |
| 0:22.5 | definitely need to talk about today. We'll be talking about the latest twist in the Kamala Harris, |
| 0:28.3 | Pete Buttigieg story, and it actually comes from a Trump cabinet official. We'll also take |
| 0:34.2 | a closer look at what we've learned over the past 24 hours from the Dallas |
| 0:39.7 | ICE shootings. |
| 0:41.2 | But we begin with good economic news. |
| 0:44.5 | And given the recent jobs numbers and some other economic indicators and the Fed feeling comfortable |
| 0:50.0 | lowering interest rates, people were starting to say that the economy is slowing down and |
| 0:53.8 | there may still be some indicators that that's the case. But when it comes to second quarter GDP, the |
| 1:00.1 | revisions just keep getting better. Here's Rick Santelli from CNBC. Now on the GDP side, |
| 1:05.7 | this is our third time around the block on Q2, and we see a really solid revision. 3.8%. I'm a bit shocked, to be honest. |
| 1:15.3 | Usually the revisions get to second and third become smaller and smaller. So 3.8% would be the |
| 1:20.7 | best quarter going back to, and we have to go back away here, to 4.4, and that was the third |
| 1:26.8 | quarter of 23. Now, it is important to point out |
| 1:30.7 | that if you look at the first quarter final, down half a percent, there's a balance there. But the |
| 1:36.0 | balance is moving in favor, and momentum is moving in favor for better growth. So then over at CBS, |
| 1:41.0 | it says consumer spending buoyed the economy in the second quarter, rising |
| 1:45.1 | at a 2.5% pace up from 0.6 in the first quarter and well above the 1.6% the government |
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