We expected a bad GDP report today, but that doesn’t make the historic contraction easier to swallow. Ditto for the 17 million continuing unemployment claims for the week ending July 18. Today, we’ll dig into what it all means for the economy. Plus: defining “disinflation,” the economics of the NBA’s Florida “bubble” and Ron Howard talks about “Rebuilding Paradise.”
Let’s (sigh) do the numbers
Speaker of the House Nancy Pelosi (D-CA) and other lawmakers arrive to see the casket with the remains of Rep. John Lewis (D-GA) as it is carried from the US Capitol building July 29, 2020, in Washington, DC. (Photo by ERIN SCOTT / POOL / AFP) (Photo by ERIN SCOTT/POOL/AFP via Getty Images)
ERIN SCOTT/POOL/AFP via Getty Images