CNBC's Gumede: U.S. 'Definitely in a Recession' by Definition and Things Look Much 'More Negative' with Consumers Going into the Red

On Friday's broadcast of MSNBC's "Way Too Early," CNBC International Financial Journalist Arabile Gumede said that the revised GDP numbers show that the U.S. economy is in a recession according to the technical definition, and that while some people dispute whether we're in one, "you can kind of get the sense that" with prices going up "things are certainly looking a whole lot more negative. Consumers certainly getting into the red as well when it comes to their bank balances across the board."