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Howard Lutnick rips Atlanta Fed GDPNow contraction prediction

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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.

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“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.”

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“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. 

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Atlanta, GA

Business damaged as 500 teens swarm Atlantic Station

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Business damaged as 500 teens swarm Atlantic Station


A large police presence responded to Atlantic Station on Saturday

Atlanta police say nearly 500 teenagers caused a massive disturbance at Atlantic Station Saturday night, launching fireworks into crowds and eventually drawing real gunfire outside the district.

Atlantic Station chaos

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The backstory:

Atlanta police originally responded to the shopping center after 7 p.m. following reports of shots fired. While investigators quickly determined the sounds were actually fireworks being ignited by a large crowd of “unruly” juveniles, the situation turned more dangerous as the crowd was dispersed.

“It can escalate from firecrackers to now its guns to life being taken. That’s something we don’t want,” said John Williams, who was visiting the area.

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As officers cleared the mall, a group of teenagers allegedly began firing actual guns near Spring Street NW and 17th Street. 

Shooting outside Atlantic Station

What they’re saying:

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The gunfire sent patrons at Nan Thai Fine Dining ducking for cover.

“Definitely about 30 shots,” said Jedi Niyomkul, the restaurant’s general manager. “I’m making sure everyone is on the ground because we do have a lot of glass.”

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Niyomkul said the restaurant was hit by at least one bullet. He expressed frustration that the crowd was pushed out of the mall but not adequately monitored once they crossed into the surrounding city streets.

“Once they got them across the bridge, there was no patrol over on this side to make sure that they dispersed,” Niyomkul said. “Literally at 17th and Spring, right there, 100 to 150 kids just sitting all around the corner, doing absolutely nothing, just looking for trouble.”

Atlantic Station curfew

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Dig deeper:

The disturbance occurred despite Atlantic Station’s strict codes of conduct. The district enforces a 3 p.m. curfew for anyone under 18, requiring them to be with a parent or guardian. Additionally, no one under 21 is allowed on the property after 9 p.m.

Atlanta City Council member Michael Julian Bond said the city must find a more consistent way to manage large groups of youth.

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“We again manage this population policy-wise, more than any other segment than our society, so we all got to step up year-round in how we manage that population,” Bond said.

The Source: Information in this article came from Atlanta police and FOX 5’s Annie Mapp speaking with Jedi Niyomkul and Michael Julian Bond. 

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Atlanta, GA

Atlanta residents celebrate first night of Kwanzaa, honoring unity and community

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Atlanta residents celebrate first night of Kwanzaa, honoring unity and community


Families and communities across metro Atlanta are coming together to celebrate Kwanzaa, a weeklong observance honoring African heritage, culture, and values.

Each night of Kwanzaa centers on a different principle. The first night focuses on Umoja, the Swahili word for unity — a value many say feels especially meaningful right now.

For Atlanta artist and poet Kenneth “Zakee” Zakee, Kwanzaa is more than a holiday. He says it transformed his life.

 Kenneth “Zakee” Zakee says Kwanzaa is more than a holiday.

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CBS News Atlanta


Zakee welcomed CBS News Atlanta inside his studio, where African and African American artwork lines the walls. As he lit the kinara — the candleholder central to Kwanzaa — he explained the deeper meaning behind the tradition.

“Kwanzaa means first fruits of the harvest,” Zakee said. “So we have to have some produce on the table to represent the first fruit, to represent harvest.”

Zakee says his connection to Kwanzaa began during a time of deep grief, after losing his mother. A friend invited him to a Kwanzaa celebration for emotional support — an experience he says gave him community when he needed it most.

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“It was just so much love,” Zakee said. “It was like a seven-day Black history experience.”

Created in the 1960s to reconnect Black Americans with African heritage, Kwanzaa’s values, customs, and greetings are expressed in Swahili. Zakee even gave CBS News Atlanta a quick lesson in how to greet others on the first night.

“Habari gani?” he asked — meaning, What’s the news?

“Umoja,” came the response.

That sense of shared meaning was also on display as vendors and artists set up for Kwanzaa events at ArtsXchange.

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Patricia Jackson of Studio P Designs, a former educator, says teaching students about Kwanzaa was always important to her.

“We really made an effort to expose our students to all of the other celebrations, especially Kwanzaa and what it stands for,” Jackson said.

For Zakee, passing the tradition on to younger generations is essential. He hopes Kwanzaa helps young people feel grounded, affirmed, and connected.

“A sense of belonging,” he said. “A sense of being part of something bigger than themselves — and recognizing the strength of their people.”

Zakee believes those values don’t just strengthen communities — they make the world a better place.

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Atlanta, GA

Large police presence reported in Midtown

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Large police presence reported in Midtown


ATLANTA, Ga. (Atlanta News First) — A large police scene has shut down Spring Street in Midtown.

This all started around 9:30 p.m. Saturday. Police haven’t released any details, but there is glass all along the sidewalk.

Earlier Saturday, police responded to Atlantic Station after teens set off fireworks. It is unclear if the two scenes are related.

This is a developing story. Check back with Atlanta News First for updates.

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