good morning! It’s Daniel de Vis with your daily money.
The US economy had its worst quarter in three years.
The value of domestic gross domestic product, all goods and services, has shrunk at an annual rate of 0.3% in the first three months of the year after several quarters of growth. Imports fostered change as businesses scrambled to bring in foreign goods prior to the announced tariffs.
President Trump says the economic boom is still on the way. His social media message: “Patience!!!”
Trump vs Diversity, Equality, Inclusion
President Donald Trump issued an executive order on his first day at the White House with a swirl of black Sharpie markers, cracking down on what he calls “illegal and radical” diversity, equity and inclusive practices.
“I have finished all of the lawless, so-called diversity, equity and inclusion bullshit across the federal government and the private sector,” Trump served on Tuesday for the 100th day at a Michigan rally.
Is Day dead?
Customs and holidays
Although December has been away for more than six months, President Trump has admitted that it could be closer to families this holiday season.
“Someone said, ‘Yeah, the shelf will open,'” Trump told reporters Wednesday. “Well, maybe kids have two dolls instead of 30 dolls. And maybe two dolls cost a few more dollars.”
Economists are worried that Trump’s drastic tariffs could raise prices and lead to shortages.
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About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.