As today's show begins, President Trump is holding a Cabinet meeting on the heels of a crucial new report showing the US economy shrank for the first time in three years. The GDP fell at a rate of 0.3% as Trump's massive and ever-changing tariffs rattle consumers and businesses. Naturally, the president tried to pin this data on his predecessor. CNN's Kevin Liptak begins our coverage. Learn more about your ad choices. Visit podcastchoices.com/adchoices