Is the economy starting to turn the corner? Analysts are predicting that while the recession will continue, it may ease in intensity by this summer. Some signs include greater stability in new home construction and a 25% increase in March auto sales compared to the month before. Today Bank of America posted stronger than expected first quarter earnings, mainly from the purchase of Merrill Lynch. But the economic forecast is not completely sunny. Bank of America set aside $6.4 billion to cover future losses, and GM is expected to lay off 1,600 workers this week. Guest host David Lazarus gets an update from Chris Thornberg of Beacon Economics.
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