GDP increased at a 1.6% rate in the first quarter, less than expected

CNBC's Rick Santelli joins 'Squawk Box' to break down the initial Q1 GDP and weekly jobless claims data.

[@realestaterecruiter9746]

"How do you spell stagflation?"....savage

[@lazynow1]

Democrat-flation......

[@kmlevel]

​@@lazynow1 if you switch the channel from Fox News, you'll see this is a worldwide problem not just a USA problem. Go outside.

[@coltonbrostuen730]

Put these numbers on the screen while hes reading ffs.

[@georgemaximus694]

The fed will come out with another statement and the market will rally based on the statement.

[@eugenefirebird8938]

The rigged market are the economy. They know the Fed will never let them fall very far if any. That's the only reason stock indexes sit at 7x real value.

[@straightdrive6192]

lol . Waiting for it 😂

[@jamesmichaeljean7840]

They want to destroy you now.

[@bps7209]

212,000 in how many months? This cooking the books shouldn’t surprise anyone.

[@chiquita683]

Even China thinks these numbers are unbelievable

[@theinfralink6598]

In separate news the Chinese economy is crumbling down growing only at 5.3% in Q1 of 2024. Its EV export hits a new record high.

[@surajmulla5685]

So basically we're going to keep this economy going for as long as we can until it literally hits the ground and starts combusting in to flames, this will not be a depression this will be a nightmare financially for everyone because right now when the inflation spikes up like a rocket and the dollar detaches itself from normal levels we're going to be just like Zimbabwe or Germany with wheelbarrows of money for bread. I personally feel like we have maybe 4 to 5 years of somewhat economic transactions with money and debt but after 2030 I think that's when everything will falter and hit the skids. I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kelvin Hurdle, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....

[@Ondrej442]

I have seen a lot of Positive posts about Kelvin Hurdle. Please how do I reach him?

[@surajmulla5685]

Kelvin Hurdle program is widely available online..

[@surajmulla5685]

He mostly interacts on Telegrams, using the user-name..

[@surajmulla5685]

@KelvinHurdle..

[@Elaine09q]

Am happy for your achievement in such short period of time, trading with him. he must be a very sincere man

[@grandmiserthe3rd434]

Subtract Government spending from GDP = Real GDP Figure ......!!!

[@erichvonmolder9310]

The Government is NOT a business, therefore, would not be indicated on these numbers.

[@William1866]

GDP = Government spending one trillion every 100 days.

[@eugenefirebird8938]

Financial corruption at its finest. $95 billion just passed for more war.

[@CMN1186]

Why is this guy speaking like he’s on a game show

[@royprovins7037]

CNBC is a game show

[@lhahle]

He use to be a floor trader. That's all they do is yell all day.

[@briantep458]

Rick is a legend man

[@JohnReynolds-ni5lv]

Take away massive government deficit spending and we are in contraction. Gold signing huge problems.

[@InnocentCardGame-sz2be]

I was hoping corporations could squeeze a bit more growth. But looks like they're tired. Everyone is tired.

[@PoliticiansHonorCode]

Thank you for writing GDP "increased" as the Bureau of Economic Analysis wrote in its press release and not that it "grew." The U.S. economy has not primarily grown organically (productivity, innovation or positive balance of trade) in decades. It is primarily just getting larger due to massive borrowing (national debt, corporate and consumer). To say it "grew is misleading!"

[@karmasutra4774]

Yesterday it was up and everyone was calm, drops some and everyone screams.. it will go back up people

[@Watcher1-jr5lo]

Stagflation is here.

[@DsonicJ5672]

Fox business will say that, cnbc won’t. Its election year

[@simonsays2774]

No. Inflation has only risen because of the oil price. As soon as the oil price falls again, inflation will also fall. And the oil price falls when the economy is weak. This means that there will be many interest rate cuts in 2025.

[@DsonicJ5672]

@@simonsays2774 inflation last month was mostly driven by insurance. Biden already said he will release more from the SPR if oil prices rise again. Doesn’t that complicate the feds goal???

[@jacobnapkins1155]

Propaganda housing is the reason prices are high ​@@simonsays2774

[@simonsays2774]

@@DsonicJ5672 Nope. The rise in inflation was due to the rise in the price of oil.

[@erniewinn4896]

This economy is on life support. This crash will be worst than 2008.

[@durkdiggler4346]

High interest rates, over spending, unstable housing and credit markers...yes it will be.

[@user-it9vs3vq2z]

This is awesome; the more we work the more GDP goes down. We are Ukraine now. We're an eastern block country. You've achieved full communism. You're the man America. I know someone who volunteered over there and he said in their government office builders there was a guy selling broken light bulbs outside and the people would buy the broken light bulb and then switch it with the working light bulb in their office light and put the broken one in there and take the working one home. And the guy changed light bulbs would sell the broken one's outside. They had a GDP like you. The light bulbs they changed the more broken light bulbs they got. You're the only country that can increase the homeless population by building more houses also. If Jimmy Carter wanted to reduce homelessness he should have just quit building houses.

[@shivraj440]

With this what will happen to gold rate globally? Increase or decrease???? Any economist please help to answer.....

[@818silencer818]

What happened? I thought stocks would soar on high earnings 😂 they’re so hopeful for this circus to continue.

[@racerx2580]

Nope. No more fake rallies from the rich.

[@InnocentCardGame-sz2be]

So stronger dollar and higher rates. And financial tightening. Until fed can cut. Economy itself needs to get it's feet under it. Fiscal stimulus can not achieve growth alone.

[@wersoback]

Does low GDP numbers mean rate cuts coming earlier than September since it suggests low economic movement?

[@Zero11_ss]

Of course continuing claims are down, people no longer qualify for unemployment as its time limited. That number should have been falling for like a year now atleast

[@ericeandco]

That’s what the government and the feds wanted. People with no jobs or crappy jobs don’t purchase. Taxes and government fees still taking too big a bite for the few that still have jobs. But giving money to foreign countries and non self supporting migrants remains a priority.

[@billworden6642]

These reports are always better when they include the discussion that follows, too, especially when Santelli and Liesman mix it up. It's helpful to get all the contrary and wide range of perspectives..

[@kauetadaieski3131]

Even with all the inflation. The jobs reports are absolutely people getting a second or third jobs.

[@Patrick-yh5yd]

Rick should be a cartoon !!!!

[@gilescaver8841]

Alas, Jerome Powell is today’s Arthur Burns

[@wulung5943]

US debt at U$35 trillion is 140% pf its U$ 25.44 trillion GDP. It borrows 40% of its GDP or U$10 trillion to achieve 1.6% growth or U$0.4 trillion. US economy has collapsed!

[@rickhayes-oh2zm]

trade deficit is a disaster and it is classed as a lesser problem. It is the biggest problem

[@bigmoose143]

Put a table on the screen please. Only dinosaurs read from paper and yell into a camera 😂

[@dsamh]

CNBC... give hunter the pipe back.

[@flash521]

Are the numbers correct? Valid?

[@illegalsmirf]

Rick Santelli, really rather smelly.

[@user-kq8il1hr1e]

!!!My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire.. With the current market movement, you have $100,000 to invest. Where are you investing it?

[@user-kq8il1hr1e]

That is just amazing! Could you please tell me about your Certified Financial Planner (CFP)? This year, I'm considering some financial changes..

[@Alpharizzchad]

Vacation time strong dollar. Enjoy.

[@bbharatillusion4574]

China's economy is collapsing😂😂

[@willtwain1383]

212,000 in five months? If they were cooking the books, they would not be so obvious. Grow up Rantelli.

[@jamesgarner9597]

Thanks for continuing updates 👍 I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.

[@William.Jones01]

YES!!! That’s exactly her name (Lorelei Elizabeth John ) so many people have recommended highly about her e from Brisbane Australia…🇦🇺

[@freddemetrius2579]

She is my family’ personal Broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States.

[@merrykane9183]

If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Because their entire skill set is based on going long and short at the same time, they employ a profit-driven strategy based on individual risk tolerance.

[@Didier-lafrate]

This sounds so good and I would like to be a party to this, is there any way I can speak with her?

[@anesthesiawilliams4620]

Sure! She interacts on what 's Apk using the digit below 👇

[@mariemanella5874]

Failed Economics 100, 101 Booooooooooo Booooooooooo Democrats •○●□■

[@ethanoconnor7367]

BIDENOMICS! WE DID IT JOE

[@MD-mm1zv]

“I did that!” -FJB

[@geraldbrowne]

And you clowns are telling people to buy the dip. Bond market going to take Wall Street to the wood shed chopping block?

[@lazynow1]

call it Democrat-flation......

[@nickvin7447]

If you called Stagflation a year ago like I did, you clearly know how the economy works.

[@chuyenpham3336]

Greatttt

[@davidgrisco1939]

Let's go Brandon!😂

[@ace9840]

I expected it and have been planing for it since the disaster of 2008 because it was never fixed.

[@joshmiller2725]

I have blue hair and my parents are rich and I think Biden is doing a great job

[@ace9840]

Remember when a lot of people thought they were rich in 2008. Then weren’t in 2009.

[@wbsouthton]

Rick Rules!

[@chiquita683]

Bidens America

[@KitchenTable]

Goddammit Powell..

[@calledout4437]

Haha Rick Santelli is the best! Dude just speaks his mind period.

[@freedomlife3623]

Without thinking. There is reason we have frontal lobe.

[@posthocprior]

Please replace this man with anyone else.

[@juanrestrepo302]

Strong and Sound Labor Market! Thank you President Biden

[@HIMYMTR]

lmao

[@coolazguy15]

🤡

[@eugenefirebird8938]

$3 trillion annual Federal deficits keeps fake jobs alive.

[@davidlowe8597]

Nope, can not be true, with all guests that CNBC invites to tell us the economy is great and we are just imagining all the badness. I mean they had a Nobel Prize winner recently telling us how spectacular the economy is doing and how can a Nobel Prize winner be wrong? By the way is the Fed ever going to sell all those shares of stock it bought to stop the stock market from crashing during the pandemic??? We need all of those shares released so this falsely elevated stock market can come to its true low level; then the stock market will match the economy and the real recovery will begin. This "soft landing attempt" is only helping people with a good amount of money. This compound inflation is really bad for the majority.

[@indashadow1]

Seems Like Bidenomics is pretty crappy after all.

[@superdoobo]

Biden economy humming along! Even though I am unemployed...Biden Harris 2024!!!!!

[@msmithy7813]

How is it humming along? A contraction to 1.6 percent gdp while inflation is starting to take off even with rates high? The same thing that happens at MSNBC happens at CNBC too? A bunch of shills flood the comment section to lie? Seems so.

[@davidrummel133]

Seems like posting on KZbin is a good use of your time.

[@jodame3925]

🤔💭🥱 so go to sleep