Another Fed Rate Hike // What Does Negative GDP Tell Us? // JetBlue Agrees To Buy Spirit - 7/28 (Hour 1)

(1:42) - Thursday's show kicks off with a review of Jay Powell's comments following the Fed's announcement of a 75 basis point rate hike.(15:53) - Talking about U.S. GDP for Q2, which contracted at an annual rate of 0.9%- the second straight quarter of negative growth.(23:19) - A deeper dive into the Q2 GDP reading. What does this number tell us as it relates to the broader economy? Is a recession coming, or are we already in one?(34:17) - Touching on JetBlue's agreement to purchase Spirit Airlines for $3.8 billion, which would create the fifth largest airline in the U.S.