Connect with us

Atlanta, GA

Howard Lutnick rips Atlanta Fed GDPNow contraction prediction

Published

on

Howard Lutnick rips Atlanta Fed GDPNow contraction prediction


U.S. Secretary of Commerce Howard Lutnick was apparently shocked on Friday, after learning that a recent estimate from the Federal Reserve shows the U.S. economy shrinking in Q1.

“Wait, wait, wait, say that again. What? A what?” Lutnick interrupted FOX Business’ Maria Bartiromo after she read the Federal Reserve Bank of Atlanta estimate that gross domestic product (GDP) is expected to contract in the first quarter.

Advertisement

“A contraction?” he continued. “Okay… right here, right now, that is ridiculous.”

COMMERCE SECRETARY HOWARD LUTNICK DEFENDS TRUMP’S TARIFF ENDGAME AGAINST RECESSION FEARS

Lutnick noted he has “absolutely not” spoken to Atlanta Fed President Raphael Bostic about the matter.

U.S. Commerce Secretary Howard Lutnick was shocked that the Federal Reserve Bank of Atlanta expects a contraction of Q1 GDP. (FOXBusiness)

The Atlanta Fed’s GDPNow model estimates a contraction of 2.4% for the first quarter, a slight improvement from its initial estimate of -2.8% on March 3. However, its website notes that the tracker is not an “official forecast” but a “running estimate of real GDP growth based on available economic data for the current measured quarter.”

Advertisement

“We own the economy in the fourth quarter,” Lutnick clarified. “We cut regulation, we get shovels in the ground of this $2 trillion of a commitment to build factories, to build production back to America. You’ve got everybody coming back to America to build. That starts really strong in the third quarter.”

“First and second quarter are sort of a little bit [of] our optimism – egg prices down, interest rates down, energy prices down,” the secretary expanded. “But it is the mess that we were left with.”

He further pressed Bartiromo: “You feel it, Maria. Do you feel a deep, deep pain in the first quarter? I’ve watched your show all along. I don’t remember you saying, ‘Oh my God!’ No, come on.”

The Bureau of Economic Analysis’ advanced estimate for first quarter GDP is planned for April 30. 

Advertisement

GET FOX BUSINESS ON THE GO BY CLICKING HERE



Source link

Atlanta, GA

Atlanta Ballet Returns to the Fox Theatre to Present Cinderella for One Weekend Only This Fall

Published

on

Atlanta Ballet Returns to the Fox Theatre to Present Cinderella for One Weekend Only This Fall


Photo above: Glass slipper scene from a past Atlanta Ballet production of Cinderella, provided by the Atlanta Ballet

Tickets on sale for Atlanta Ballet 2’s limited three-performance run of the beloved fairytale at the city’s iconic theatre

ATLANTA (June 19, 2026) – Atlanta Ballet is set to return to the Fox Theatre for the first time since 2019 as Atlanta Ballet 2 presents three performances of Cinderella. For one weekend only, Oct. 16-17, dancers from Atlanta Ballet 2 and the Atlanta Ballet Centre for Dance Education will perform one of the world’s most beloved fairy tales on the city’s iconic stage, marking an exclusive homecoming for the company.

Cinderella tells the timeless story of kindness, perseverance and the search for true love. Part of Atlanta Ballet’s family ballet series, the one-hour, family-friendly production is designed to introduce young audiences to the art of ballet, transporting them into a world of enchantment through immersive storytelling, vibrant costumes, imaginative sets and beloved characters.

Advertisement

“Having the opportunity to perform at The Fox is very meaningful for our Atlanta Ballet 2 dancers,” said Gennadi Nedvigin, artistic director of Atlanta Ballet. “The theatre with its whimsical decor is deeply rooted in Atlanta’s cultural history and returning there with Cinderella allows us to share a timeless story with new generations in the magical environment.”

Choreographed by Bruce Wells, this version of Cinderella blends classical choreography with narration to suit audiences of all ages. Wells is internationally acclaimed for his role as a former soloist with New York City Ballet, where he performed works by George Balanchine, Jerome Robbins, Frederick Ashton and Anthony Tudor. Audiences may also recognize Wells’ previous Atlanta Ballet 2 works, including Beauty and the BeastSwan Princess and Snow White.

While the Fox Theatre engagement offers audiences an opportunity to see Atlanta Ballet perform on one of the city’s most iconic stages, the company’s primary performance home will remain the Cobb Energy Performing Arts Centre. Following the October performances, all Atlanta Ballet productions, including the annual Nutcracker, will continue to be presented at Cobb Energy Performing Arts Centre.

For more information and to purchase Fox Theatre pre-sale tickets, visit www.atlantaballet.com

Public ticket sales begin June 19.

Advertisement

About Atlanta Ballet:

Founded in 1929, Atlanta Ballet is one of the premier dance companies in the country and the official state Ballet of Georgia. Atlanta Ballet’s eclectic repertoire spans ballet history, highlighted by beloved classics and inventive originals. After 96 seasons, Atlanta Ballet continues its commitment to share and educate audiences on the empowering joy of dance. In 1996, Atlanta Ballet opened the Centre for Dance Education, which is dedicated to nurturing young dancers while providing an outlet for adults to express their creativity. Atlanta Ballet’s roots remain firmly grounded in the Atlanta community and continue to play a vital role in the city’s cultural growth and revitalization. For more information, visit www.atlantaballet.com, follow us on Instagram @atlantaballet, and like us on Facebook at www.facebook.com/atlantaballet.

About the Fox Theatre:

The Fox Theatre is one of Atlanta’s premier venues for live entertainment, welcoming more than 200 performances a year in its 4,665-seat theatre. From concerts to ballets, comedy, and movies, the historic venue attracts more than 500,000 visitors annually. The theatre also hosts over 100 annual private events such as wedding receptions, trade shows, corporate meetings, and association functions in two stunning ballrooms. The Fox’s premium Marquee Club presented by Lexus is a 10,000 sq. ft, three-story luxury lounge accessible to all Club Level ticket holders or annual members of the Fox Theatre.

As a 501(c)(3) nonprofit arts organization, the Fox Theatre stands today as a fiercely protected landmark and a nationally acclaimed theatre. In alignment with its guiding principles, the Fox Theatre is committed to fostering an environment rooted in diversity, equity, and inclusion—onstage, backstage, and throughout the staff and guest experience.

Advertisement

The Fox Theatre proudly acknowledges its partners’ generous support: Coca-Cola, Georgia Natural Gas, Georgian Terrace Hotel & Livingston Restaurant, Humana, Lexus, Northside Hospital, Regions Bank, and Casamigos Tequila. Tickets for all events are available at FoxTheatre.org, or toll-free at 855-285-8499. Stay connected by following the Fox Theatre on social via @theFoxTheatre on Instagram, Twitter, and Facebook.



Source link

Continue Reading

Atlanta, GA

Injury Update: Michael Harris II improving but could go on IL

Published

on

Injury Update: Michael Harris II improving but could go on IL


Atlanta Braves manager Walt Weiss told reporters prior to tonight’s game against the Milwaukee Brewers that center fielder Michael Harris II could go on the IL with lower back issues if it doesn’t improve in the coming days.

The team is hopeful an IL-stint can be avoided as he is semmingly doing better and he is receiving treatment and could be available tonight, but Mauricio Dubón is starting in place of Harris II in center field.

Harris II left the June 16 game and also missed time earlier this month with lower back tightness. With monsoon season hitting the Atlanta-area, the wet conditions have wrecked the team’s schedule, but also created non-ideal conditions on the field, including on the 16th when Harris II left the contest.

It’s not good news – but it isn’t bad news either.

Advertisement



Source link

Continue Reading

Atlanta, GA

YMCA of Metro Atlanta Partners with Trae Young Family Foundation to Unveil 8 New Pickleball Courts with ‘First Dink’ Celebration

Published

on

YMCA of Metro Atlanta Partners with Trae Young Family Foundation to Unveil 8 New Pickleball Courts with ‘First Dink’ Celebration


New courts will bring access to one of the nation’s fastest-growing sports through youth programming, recreational play and community wellness initiatives

The YMCA of Metro Atlanta distributed the following announcement about the opening of new pickleball courts in East Cobb:

The YMCA of Metro Atlanta celebrated the grand opening of eight brand-new pickleball courts at its McCleskey-East Cobb Family YMCA location with a “First Dink” ceremony Wednesday, June 17. The new courts expand opportunities for community members of all ages to stay active, build connections and enjoy one of the nation’s fastest-growing sports.

The event featured remarks by leaders from the YMCA of Metro Atlanta and the Trae Young Family Foundation, followed by a ceremonial “First Dink.” Players from the Atlanta Bouncers, the city’s first professional pickleball team, closed out the celebration with a clinic, introducing community members to the game through demonstrations and hands-on play.

Advertisement

Made possible through donations from the Trae Young Family Foundation, YMCA of the USA and the YMCA community, the new pickleball courts will enhance a variety of YMCA programming, including youth camp camps, recreational play, leagues and opportunities for families and older adults to strengthen their physical and social well-being through active lifestyles.

“At the YMCA of Metro Atlanta, we believe everyone deserves opportunities to connect, grow and thrive through healthy living,” said Lauren Koontz, president and CEO of the YMCA of Metro Atlanta. “These new pickleball courts will provide a welcoming space where children, families and older adults can build relationships, stay active and experience the joy of play together. We are grateful to the Trae Young Family Foundation and all the donors for helping make this investment in our community possible.”

As pickleball continues to grow in popularity nationwide, the YMCA of Metro Atlanta remains committed to creating accessible opportunities for people of all ages and abilities to pursue healthier lifestyles and meaningful connections. The new courts at the McCleskey East-Cobb Family YMCA represent the latest example of the organization’s dedication to strengthening communities through youth development, healthy living and social responsibility.



Source link

Advertisement
Continue Reading
Advertisement

Trending