Economic News, EPA New Coal Plants Rule, Baltimore Bridge Update

O'Connor & Company

In the 5 AM Hour: Larry O’Connor and Patrice Onwuka discussed:

• U.S. GDP for 1st quarter of 2024 slowed to only 1.6% growth, almost a point lower than expected and lowest since Q2 of 2022 when it was -0.6%. Price index shot up 3.1%, a tenth higher than expected. Core price index soars to 3.7%, three tenths higher than expected

• GDP 1.6%, Economy slowing

• CNN: The Dream of Fed Rate Cuts Is Slipping Away

• WSJ Ed Board: A GDP Warning as Signs of Stagflation Appear

• CNN: Fears about stagflation

• Dow closes lower by more than 370 points as inflation, growth worries resurface

• Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It Today

• New EPA Emissions Rules Squeeze Coal Plants

• First vessel passes through fourth temporary channel, bypassing Key Bridge collapse site

• City of Baltimore files lawsuit against owner and manager of ship in Key Bridge collapse

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Episode: Friday, April 26, 2024 / 5 AM Hour

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