tv The Evening Edit FOX Business March 27, 2024 5:00pm-6:00pm EDT
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story. >> your the best person ever. debate her on camera. hello. joseph d.c., new york penthouse chamber alive and well at nbc, thank you so much, larry kudlow. breaking news coming in, let's get adequate senate commerce, senator eric, thank you so much. breaking news coming in right now, the white house got treasury secretary janet yellen to give a remarkably fatuous optimal speech in georgia telling china. it, back off selling cheaper women change in the u.s. like electric cars because president biden is reportedly angry trying to expunge cutting 2024 cam campaign. he's touting spending under the billions of taxpayer money on climate change but senator, they're not complaining about cheaper appliances, drugs and nothing else in china. what you make of this? >> it under course the problem,
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we are way to defend it for a wide variety of supply chain needs we have wooding pharmaceuticals, rare earth materials and this is again, part of the problem with this push for electric vehicles. there's not really . liz: let me jump in, economists tell us he appreciated secretary yellen is a respect but how can the white house turn her into operative in turn her up to this catching us china is destabilizing global supply chains, is it destabilizing supply chains or biden's reelection? they are turning her into -- >> she was also saying inflation was transitory which is wrong and she's apologized for that. i think to protect joe biden but look, china is naming business, there out to eat for lunch or dinner, we have to understand that their mindset. they believe they came out of a 200 year humiliation and they want to be dominant on the world
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stage so we have all the energy we will ever need in this country. the idea is going to go over there or make a speech and she went over before, a weird moment with the handshake and follow but we need to be self-sufficient in this country. we can trade, be reliant on our supply chain on communist china's rest 50 for disaster. their brakes initiative is aggressive so united states we need to make sure we bring manufacturing jobs home, line for anything we need your but the biden administration blocking efforts, to. there's just not a market for these ev vehicles here in the united states outside of silicon valley and it's driving terrible policy. we are making a bunch of decisions because of this. liz: it's a debacle. british media according biden's electric car mandate, it will decide who wins the election and
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it's a job shredder. the most costly historic tobacco in u.s. history. why not force america, don't force them to do anything. just by hybrid cars, going in on electric cars by 2032, it will demolish 3 trillion-dollar car industry : playoff potentially hundreds of thousands of workers, electric cars something like 30% less labor, that's why electric cars make up less than 8% of new car sales. a third of them are so excessive, the entire media and u.s. household income the battery loses half the value and about ten years, the power is draped in cold weather, draining the electric grid, they are more polluting to make. you can't put old batteries anywhere when you discard them. >> it's a toxic problem, if you care about the environment but we are losing american jobs because of all this. it doesn't make any sense for us. it's more radical than out went, they want to get rid of internal combustion engine in their go
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goals, less than ten years from now to have maybe 70% of all vehicles that are manufacturing ev's, it doesn't make sense. they are incredibly heavy, twice as heavy in many instances. wear and tear on the roads and bridges i think not even show this, not even a market for it, it's a problem for infrastructure. we are not capable of handling this. it's a push by the claimant alarmist to move their agenda forward regardless of what the american people think. liz: and by the way, they are so heavy the tires wear out like five, ten years and biden wants america to only buy electric cars, that's a debacle when even china, the world's biggest car market is reporting a slowdown because consumers are starting to turn away from electric cars, their big giant uid reported a slowdown, slowest drop in two years. a states plan to ban gas powered
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cars. your final word on this? >> california at the same time announced they have rolling blackouts, it's ridiculous. but the american people by what they want so quit trying to force this radical agenda down their throats. >> thank you, senator eric schmidt, good to see you. come back soon. hope you enjoyed it. joining us now, "wall street journal" columnist former chief spread for george w. bush, one and only bill mcgurn. what you make of nbc firing ronna mcdaniel, former chair after four days? why not just be journalist? why not debate her? they turn themselves into a far left echo chamber, amen corner of nonsense. >> of course, you're right. everyone can see it. you read about the decision that is one thing. then you watch these people on tv just fine. chuck todd, they are so
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sanctimonious. it's unbelievable, it's like ronna mcdaniel would have to wear a belt and say unclean if she went through the building so i think this confirms to a lot of people if you are right of center, you will not get a fair shake in our media. they act so indignant that would even have to share the stage. meanwhile, spokesman for all of democrat presidents have no problem getting jobs. liz: it shows how off-the-wall the network has become. it's poisoning nbc. let's move on to this, get your reaction to press secretary karine jean-pierre getting angry and then hanging up on a charlotte north carolina radio host after he asked president biden cognitive issues. >> when i told the number of people i was talking to you today, it was interesting they all said, would you please just ask her, does the president have magic? before i move on, does he?
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>> i can't even believe you're asking me this question. that's incredibly offensive to ask. >> gas prices enclosure crisis, big topics in north carolina, how does mr. biden when beaudoin people don't have as much disposable income? >> now you are asking about gas prices, the president took action case gas prices. eggs, milk, seafood products, all the important groceries, those costs have gone down because of what this president has been able to do. with that, thank you, have an amazing day. >> she hung up. [laughter] >> he's not allowed to ask about the president's cognitive issues when polls show four out of ten or three out of ten, four out of ten, democrats are worried, he saw cognitive issues. she sing egg prices enclosure crisis again, they are not.
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they are up 20% of this white house. this is entertaining, the white house saying she didn't hang up the conversation was over, it sounded like she did hang up. >> you can't ask the obvious the biden administration has been in this mode where they think they can gaslight us about inflation. for years they've denied it and then called transitory and even now when it's going down, the prices are still up there a lot. they are very high. the interesting thing she might not have a lot of good choices the interesting thing when she asked about joe biden's cognitive skills whether he had dementia, but she didn't say, she didn't say no. liz: that's right, she just hung up. >> i'll be the simplest thing to say, it was not a worry but she didn't say. she has no good answer for what people seek in front of their
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faces everyday. liz: bill, the wonderful bill mcgurn, in north carolina, he was heckled by anti- israel protesters. let's get your reaction to this. [inaudible] >> everybody deserves healthcare -- [chanting] [inaudible] >> be patient with them. we need to give a lot more care. [applause] >> not making fun of by economics anymore. liz: he's going to be hit with more protests especially with the convention coming up in
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chicago he is claiming by economics is great when axios reports that the first time in months president has even used that word, because it's falling flat with voters. democrats are not using the term economics. it's that when republicans use it a mark to make fun of it. what you think? >> exactly. the first thing protesters, but i would like the president of the united states to do is turn the tables and asked them, what about the americans held hostage by hamas in gaza? that's my concern. what about them? what it shows is we look at those people and protesters as not but biden's worried about those people. those of the people who could disrupt the convention and give a hard time states like mic michigan. liz: and maybe boycott votes. rfk junior coming, too. thank you so much, it's good to see you. come back soon. coming up, congressman darrell i sent and congresswoman beth been done, from investigators and
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economist ej and tony, how is this going to fly? president biden's new strategy mock and make fun of former president trump legal battles and debts one democrat prosecutors and violence d.o.j. attacking trump. biden himself complained the justice department is to slope to demolish trump before election. shocker, arrested in south texas for allegedly helping arm a mexican drug cartel. an appeals again blocks texas is work crackdown. a third rail for biden's reelection, writers reports low income voters are cutting in half, dining out at fast food chains and restaurants because of record inflation torching to their paychecks. they say biden's economy is not working for them look at the sound plus ford o'connell, former president trump truth social again doors and rips higher in trading today and we are staying on this, nbc reveals
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true colors as a left-wing echo chamber after virus ronna mcdaniel in just four days. why not just be journalist and debate her own air? await, got it. all of this on "the evening edit". ♪ you know, when i take the bike out like this, all my stresses just melt away. i hear that. this bad boy can fix anything. yep, tough day at work, nice cruise will sort you right out. when i'm riding, i'm not even thinking about my painful cavity. well, you shouldn't ignore that. and every time i get stressed about having to pay my bills, i just hop on the bike, man. oh, come on, man, you got to pay your bills. you don't have to worry about anything when you're protected by america's number-one motorcycle insurer. well, you definitely do. those things aren't related, so... ah, yee! oh, that is a vibrating pain. everybody wants super straight, super white teeth. they want that hollywood white smile.
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former president trump media group again ripped higher today in trading on the nasdaq after its rocketship debut yesterday, the one breaking all the news, terrific journalist kelly o'grady live all over the story, what happened? connect this was day two on the market for the trump media technology group and that ticker dj t is continuing those games. stop closing $66.22, 14% gain from yesterday. so well off the intraday high of 79 we saw in the first day of trading. the closing share price means companies market evaluation is pushing $8.9 billion of which the former president owned 58% so jump up by .1 billion for his personal wealth. the thing is, meme stock territory for dj t, you can expect a lot of motility. amc a high of over $200 in 2021
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and now worth $4. -serving the wall street reddit threat and there are a lot of day traders buying and selling quickly and don't forget, there's a lot of interest holding the stock short given the state of the business in the last 50 million last year. for now, a lot of trump supporters. stock trading with little winds and the possibility truth social could be the exclusive social media platform for the next u.s. president. >> i'm not doing it from an investment standpoint, i'm doing to stand behind donald trump. i'm doing it because it's my way of getting involved in the agree justice of what happened. there was a lot of people, it was not about money. >> zoom out, the ipo is doing well, trump office doing well and is this an encouraging sign? i say the bricks are unclear, neither show strong business fundamentals but it shows an appetite for the next. liz: i just want to talk with you a second, the derivative
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bets in the stocks are telling the story, we see call options as high as $90 on this. it is a special purpose acquisition in the u.s., i think the short interest is around 3.5 billion shares short. that's considering 135 million out there, not a huge chunks of the debate isn't short-sellers putting into this, it looks like a long trade, long-term on tr trump. >> i think there are two sides. i was talking to some supporters of trump who said i'm going to buy five shares. i'm just going to hold this stock, i don't care how well it does, i'm betting on trump long-term but you do have a lot of shortcomings, they lost a bunch of money in the first day of trading but if you look at how meme stocks eventually pushed out, the into winning, the stock is down $4.
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liz: it doesn't have a lot of add business, he reported 49 million in losses over nine months, 3 million in shares, a fraction of the uses but who knows, maybe there's a future here. you are terrific, thank you so much. let's get to gop strategist ford o'connell. let's get to this hot take it msnbc about this. let's think, this is what the attitude is, think of a thought, speculate because thoughts and opinions are fact that msnbc and put it on the air. they are claiming without evidence this is happening, this is how to bribe trump watch this. >> all the people from donald trump desperately cash-strapped donald trump who got the clock ticking on lockup agreement on these stocks, people who want tax cuts and government contracts and favorable treatment in foreign relations. this was already a nightmare, the% trump ran for president in
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2016, now he's more desperate with more people of interest before him so right now for sale to the highest bidder. >> a hoax to say they don't want to fund donald trump they would prefer not to have him but once he's the nominee, they will get comfortable and not only that but they recognize is a good investment, reliable investment because they can buy. liz: did you notice that was fact and evidence free and proof free? they're not talking about a president who takes and tons of campaign cash from the climate change lobby and zillions of tax dollars for them, they are just going out of thin air story trump is being bribed. >> it should come as no surprise, it's one of the most preposterous attacks. let's remember why trump started truth social. electoral him banned from every age or social media platform, facebook, twitter, you name it and the censorship of donald trump made donald trump couple
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billing dollars of your intellect can't stand it. liz: let's move on to this, former rnc chair ronna mcdaniel fired as conservator just about four days after msn b3 -- msnbc anchors, through a fit on air and melted down. this is their true colors, left-wing echo chamber. they are not giving the american people the story why not just be journalist and debate ronna mcdaniel on air? await, there are sensors. got it. they only paid her like a few hundred dollars to occasionally give an opinion rachel has to give a preachy speech on air saying this is about election interference. and challenge her on air then. talk to her. that's what journalists do. do that. >> by firing ronna mcdaniel out there about 20 seconds, they are basically saying half of america is not allowed on their airways. look at contributors, look at
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their regulars, not one is a trump supporters. what they are essentially saying is we must protect the liberal echo chamber at all costs and we have no interest in informing our audience or journalism speech of these hyper blessed speech, claiming she's part of an ongoing project to get rid of our system of government, really? this is now broke. >> it's beyond. let's talk about rachel, they are denying the 2016 election, this idea of being an election denier which i never heard her say, the whole reason to throw her under the bus. liz: we went a little longer but we left when he gets fired up. york terrific, good to see you. from a congressional investigator sam dewey, could this backfire with voters pretty fast? president biden, a new strategy, make fun of trump legal battles and that after biden d.o.j. and
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let's welcome back to the show from house judiciary, darrell issa, good to see you again, congressman. let's get to this story. hunter biden's lawyer, abbey lowell in court today, hunter's lawyers saying toss out hunter's 1.4 million tax evasion charge, total of nine misdemeanor charges, not paying on time, that filing tax returns and time but he's saying it's a political attack them people who hate his father. really? >> it is sort of amazing the people who try to hide this
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repeatedly and tried to make it go away didn't succeed so somehow it is political. the fact is, if somebody deliberately made tens of millions of dollars and float them through to friends and family including people with the last name biden using a myriad of shell corporations and never reported to, they would go to jail. yes, all of their assets would be confiscated of the extended family. nothing like that has happened, he's simply being asked to pay a fine somebody else apparently loaned him the money expecting it never to be paid back in he wants to say it is political? nothing could be further from the truth. liz: the president is demanding everybody pay their fair share when this is going on so let's get to the story we brought last night from politico. the justice department reportedly sought information last year about james biden's activities in connection to a
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medicare fraud case and pennsylvania with the bankruptcy hospital chain with tensile tens of millions of dollars in fraudulent care reimbursements. he hired a consultant but reportedly had connections with joe biden, what you think? >> what he did was on these people before they went bust. they were a sinking ship he said i can help you, i can get you out they gave money just before going out of business basically because he didn't deliver so this is one of those situations in which there was nothing delivered from joe biden as far as we can tell james biden took these people in desperate need and took their money. is this a bad corporation? maybe but the important thing is james biden promised he could handle it, make it go away, help them and he didn't in the money
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belongs to the people who were screwed and including the government so if anything, a bankruptcy judge should call the money back because clearly it was anticipation or going out of business. liz: he don't know if that will happen. political reporting investigators in florida probably and an agreement james biden was investor lawsuit alleging jim biden got improper payments which was run by a jim biden body and divert 600,000 embezzled funds intended to jim biden and investors are suing saying the manager occluded by 20 million and then james biden got 600 grand and he gave 200 grand to joe biden crypt the white house says it was to pay back a loan. voters don't like to see anything that smells of
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corruption, they don't like to seek people going to d.c. for coming out millionaires. >> you are exactly right. most importantly, there are federal courts particularly bankruptcy courts, it's their job to find these things and call the money back because of the facts separate from criminal activity and biden appears to be guilty, here is the question of whose money is it, when he got lucky you what he was getting into and wasn't getting it from an energy that had money and an entity that took somebody else's money. liz: congressman issa, thanks for sticking it out with us. a tough subject, appreciate you. former congressional investigator sam dewey, it is good to see you again. what you make of this, president biden has a new campaign strategy, get more aggressive, mock former president trump court problems and debt including from crushing judges like the nearly half billion
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client in the new york civil case brought by letitia james. trump is a quote defeated man crushed by debt, what you think? >> i think it is about look, it's really unfortunate because there is a substantial question as to whether or not these cases are politically motivated. they appear to be extraordinarily weak. the new york case, the zombie case and it's not worth pursuing and you have to ask michael was president biden thinking, equating it to that, making it a campaign issue? it is bizarre because it lends credence to the weaponization of court system the weaponization of the department of justice and it runs counter counter to every narrative. i'm not going to say unhinged but it's almost disjointed logically. liz: there is that voters like
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to feel even more cynical about the justice department or the american system any more than they do, it's restoring integrity to the system. now we got this, new york judge in the hush money case opposed a gag order on trump, jonathan turley says trump should immediately appeal that and he points out trump cannot say anything about michael cohen for example, continues to attack trump in the media plus : is accused of being quote serial murderer who appears to be continuing to attack trump out there, what do you say? >> anybody believes michael cohen, you have to question what's going on after the perjury connection but i think it is correct, and it's absurd given the political implications of this case will president biden can use it to campaign in president trump can't depend himself in the media, it's
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absurd just another example of overreach that we have this prosecution, let people talk. there's no witness intimidation going on, he will not intimidate michael cohen, it will not affect the case. let him talk. liz: we've got technical difficulties with you. we will have you back on soon, okay? sit tight, we will get you back on as soon as we can, it's good to have you want. thank you for joining us. texas congressman beth van duyne, scary news coming in. five arrested in south texas for allegedly helping arm and get weapons to a mexican drug cartel but an appeals court judge again extended the block texas new lock letting texas arrest and deport illegal migrants. texas says you're going to keep on fighting. first, we want to hear from megan at sean. what you've got coming up?
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>> democrat are panicking over rfk's junior bid for the presidency and impact on joe biden. monica crowley on that as well as, is there enough energy to power epa's ev fantasy? former trump administrator chief of staff will be here with us. >> a trillion dollars, it is steve here on joe biden, he doesn't care if his son pays taxes at all but he's demand the wealthy pay their fair share to cover social security despite the fact that top 1% they have income taxes and michael shellenberger on saving the whales and calling out leftist white of misinformation. top of the hour.e pl ♪ would we say it's good? fair? satisfactory? (player 1) what? (luke) like a percentage, if you had to guess. (players) hey, get out of here man. get off the field. (luke) understood. (players) security! grab him! (marci) great student-teacher ratio...
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we welcome back, officials are talking about this alarming story, by people arrested in southern texas allegedly trafficking military grade weapons to help arm a mexican drug cartel joining us now, lived from el paso, texas with the story, casey stegall, it's great to see you. >> what is the o'clock more on a and a second but first, a two to one decision yesterday, a three-judge panel of the fifth circuit appeals ruled to keep
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texas is controversial immigration law from going into effect. they are keeping it on hold for right now, that was the decision which means state law enforcement not be allowed to arrest or deport migrants suspected of being in the u.s. illegally. another appellate hearing scheduled for next week but the same panel of judges. meantime, the department of justice announced five people from south texas were arrested for allegedly trafficking military grade firearms to a mexican drug cartel in the radio. court documents allege it would require guns from unlicensed dealers of firearms or federal firearms licensees where purchasers work make also presentations to secure firearms. meantime, here in the el paso texas, agents are arresting libyan nationals and last week with extensive criminal history
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from firearm, trafficking to homicide to kidnapping, according to u.s. border patrol facing criminal charges for entering the u.s. illegally and will be followed by a formal removal or deportation. it never stops out here. liz: it's amazing, thank you so much. we need you out there. stay safe. let's welcome back to the show, house ways and means, beth van duyne. what you make of that story? >> we just see the brazen aggressiveness and criminal violence happening at our border, it seems like drug cartels own what's happening at the border. they own our southern border and they are continuing to comment. they are going further north. when there is no deterrent not to because our laws are not being enforced, it's as if the biden administration is working with them. he got the president of mexico
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who was more than happy to put this chaos in other countries as opposed to his. we see this on a daily basis of people are being killed our country, people who were released from the biden administration that should never happen in our country illegally, they are here illegally and wreak havoc in our communities. they are not doing it, it's crazy. they're not enforcing the laws. liz: we've got to break in here, former u.s. senator, former vice president joe lieberman has passed away at the age of 82. he is an independent voice, one of the leaders of no labels movement here in the united states to get people to come to a common ground, he passed at 82. your thoughts on u.s. senator joe lieberman passing away? >> i'm so sorry to hear that you are right, he is a very independent voice.
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so much on both sides, you have to toe the party line and you see what happens when you don't. they were very critical, democrats critical when he decided to part ways and become independent in my heart goes out to his family and i want to thank him and his family for all of his service. liz: i said he was sleepy, he is a vp candidate but he was outspoken. >> we knew what you meant. liz: thank you so much. he was outspoken about what needed to be done to fix america. he was very strong in that way. when he spoke, people set up and listened so we are going to segue off of him passing away at the age of 82, is outspoken about the collapse of the border so what you make of the fit court of appeals issuing the dividing that extends this block on the texas law authorizing law
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enforcement to arrest and deport illegal border crossers now on hold but texas says they will keep writing. >> texas need to keep fighting. when we see the death and destruction and chaos at the border, article four federal government is obligated to protect states from invasion so when it fails, and it's obviously failed, the states have a right to sovereignty under article one and that's what texas is claiming. at the federal government is not going to do its job, forcing illegal immigration laws in the state will have to step in because the state of texas taking an unnecessary burden. 40% of folks coming into our country coming texas to look mass chaos and increases in drug death as a result and i am hopeful the fifth circuit ultimately will hear the case
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and in favor of texas but nothing is going to prevent to protect itself and its to ask you have to in the government to do that job and the biden administration continues to fail the people texas. liz: what you make of new york city passing out prepaid debit cards? $1400 each month until the end of the state, expanding to 460 people over the next week, $53 million pilot program to get prepaid debit card to migrant families. many don't like it, the cards can only be used for food and baby supplies but it won't take long for thieves to come in and brought the system. >> it's insane, are they doing this? the can't take care of their own homeless and veteran population but now they are getting tens of millions away to people who shouldn't be here legally.
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if you check out why, it's because they want them to be able to buy food. the city of new york is already paying for them.food but they are turning their knows about it. it goes into the garbage so they will not use this for food but continue to give tens of millions while cutting 70 city services and set of the mayor coming to the federal government for the white house saying change of policies, the new york mayor is simply sank we need more money. it's ridiculous. it's further incentivizing people to come illegally. liz: thank you so much for joining us. once again, sad breaking news we are reporting, former senator and vice presidential candidate joe lieberman has passed away at the age of 82.
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♪ ♪ look who is back with this former texas public policy foundation economist he is the one and only ej. it is good to see you. this news flew under the radar screen. reuters reporting more low income americans, those making less than $50000, people around the u.s. these low income workers these voters really upset record inflation as showing up high food prices. so much so half of them have been forced to cut back on dining at fast food chains and restaurants but the white house disagrees with this. what you think? >> lists it is very clear these people are not imagining their financial circumstances. families are hurting today because costs have risen so much in the last three years and that is largely due to failed public policy. not the least which is the of we
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continued push to increase minimum wage. especially at fast food establishments. we are talking about an industry where roughly one fifth or more of the total cost come from labor. if you are going to sometimes double that cost that's going to impact the bottom line is going to impact prices that are charged to consumers. >> let's watch what they are saying out there on the streets of america. watch this. >> almost $14 for this. i spent so much money last year. me and my roommate got seat of the time. that was my goal to not eat out. this is ridiculous for. >> usually like $15 or more to get lunch i feel like. so i really don't i cannot afford that. >> the cheeseburgers that we got used to be a dollar. now the meal is like 10 bucks. text you heard that, right? reuters is reporting lesson 50 grand a year. one out of four so they're forced to eat less and less at fast food because they cannot
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afford it. you see the fast food chains like taco bell, kfc, pizza hut they see consumers pull back. weak sales growth for all of those what he think? >> again i think this is all the result of disastrous public policy. whether it's the devaluing of the dollar or individual policies like the minimum wage that are going to directly impact these industries. the other think we have to keep in mind is inflation is a phenomenon which disproportionately affects low and middle income people. in part because it causes a shift in demand. consumers increasing cannot afford things like luxuries. and so they start substituting out those goods for consumer staples. that causes an increase in demand for things that were disproportionately bought by people with low incomes in the first place. in other words they are getting a double way of me. not only are they getting the
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increase in prices because of inflation but also because of the shift in demand as well. >> interesting. it might be good news but maybe it's not good news because costco is still keeping its hot dog and soda, oatmeal at a buck 50, it dollar 50 that's the same as i think 1985. food and grocery prices are up morethan 20% under biden. let me back up. costco is saying it's doing it as a lost leader to keep consumers coming in the door. kinda like lions gate films does with woody allie. costco is increase prices of other goods things like pizza and other items too. >> absolutely. we are seeing not only the set costco but across the board route whether it's wholesalers, retailers, you name it. all the cost increases that businesses are facing are simply being passed on to consumers which is a shot below the waterwaterline to the entire bin administration narrative that somehow greedy corporations are
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causing inflation for it i would love to know how corporations magically became greedy in a january 2021. but if you look at consumer prices and you look at business prices they're both up 20% under the by administration. >> do you want to weigh in on this? former senator vice presidential candidate joe lieberman has passed away at the age of 82, your thoughts? >> certainly. first of all our thoughts and prayers with his entire family. god rest his soul. and i think it is a shame to say that unfortunately people who he previously would have considered friends in the party now would have nothing to do with him at because he is a moderate. bucks you are a terrific comeback simply thank you for watching "the evening edit" on foxbusiness. let sent right over now to dagen and sean. good to see a guys. dagen: thank you. ♪
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