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Apr 23, 2024
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want to go to lydia hu with the details. >> reporter: charles, it is springtime. it is great time to check the neighborhood open house, right? also a good time to check what is happening in the residential real estate market. we saw new home sales for march coming in better than expected. higher than 690,000 homes, blowing pass that expectation of 670,000 but when we take a closer look, look what is happening in the sales of existing homes, they're kind of paralyzed here. they're actually even declining for the month. and there's a reason why. we have to take a look at mortgage rates what is happening in that arena, because the effective mortgage rate now higher by about three points than than the prior mortgage rates. what that means someone sitting in a beautiful home right now, they might turn a profit if they sold to a very hungry buyer but they have the problem where to live next, paying for that higher mortgage interest rate, means their profit might be eaten away over time. just not very appealing for these people in those homes right now. charles? charles:
want to go to lydia hu with the details. >> reporter: charles, it is springtime. it is great time to check the neighborhood open house, right? also a good time to check what is happening in the residential real estate market. we saw new home sales for march coming in better than expected. higher than 690,000 homes, blowing pass that expectation of 670,000 but when we take a closer look, look what is happening in the sales of existing homes, they're kind of paralyzed here. they're actually...
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Apr 23, 2024
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but first, fox business lydia hu is the latest from the trump trial. what can you tell us. reporter: very busy here in lower manhattan. the criminal trial got started today with opening arguments brought by district attorney alvin bragg, prosecutor accuse trump of engaging in a criminal conspiracy with michael cohen and david pecker, former ceo of american media which published the "national enquirer," saying they engaged cover-up. prior to 2016 election, trump and his lawyers say that trump is innocent. >> this is a biden witch-hunt to keep me off of the campaign trail. so far it is not working, my poll numbers are higher than they have been, the public understands that it is a witch-hunt. reporter: another familiar name you may recognize matthew colangelo, a former biden justice fmple w, who at one time investigated trump is now prosecuting alvin bragg's case against trump, he delivered opening arguments for prosecutor today. trump lawyers in civil fraud matter appeared in cour courthouse in the supreme court in front of judge engoron. for weeks attorney general letitia j
but first, fox business lydia hu is the latest from the trump trial. what can you tell us. reporter: very busy here in lower manhattan. the criminal trial got started today with opening arguments brought by district attorney alvin bragg, prosecutor accuse trump of engaging in a criminal conspiracy with michael cohen and david pecker, former ceo of american media which published the "national enquirer," saying they engaged cover-up. prior to 2016 election, trump and his lawyers say...
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charles: let's go back to lydia hu on a problem the fed cannot control. that is our government spending. >> reporter: yeah, such a great point, charles, when it comes to the fed we have to remember that is outside of their control, right? and for the first quarter of 2024 we saw a $1.1 trillion deficit. as you can see, spending here just continued to soar. we're hitting $3.3 trillion up from 3.1 just a year ago. we can also track here a increase in revenues, that jumped by 7%. where did the increase in revenues come from? taxes. corporations paid 35% more in taxes. individuals and payroll taxes those increased as well, up by 6% each. as for the outlays we took a look, three components jumped out to us. we're tracking a 124% increase in outlays for who? the fdic. you remember, silicon valley bank, signature bank, first republic, we're seeing increase in spending by $30 billion to facilitate the resolution of those bank failures. the fdic says they will get it back but through premiums on other fdic insured banks. spending on food and nutritional supplement
charles: let's go back to lydia hu on a problem the fed cannot control. that is our government spending. >> reporter: yeah, such a great point, charles, when it comes to the fed we have to remember that is outside of their control, right? and for the first quarter of 2024 we saw a $1.1 trillion deficit. as you can see, spending here just continued to soar. we're hitting $3.3 trillion up from 3.1 just a year ago. we can also track here a increase in revenues, that jumped by 7%. where did...
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lydia hu thank you. i don't believe it but thank you. couple additional thoughts on this, donald trump posted his 175 million dollar bond, letitia james not taking all of his cash or assets or businesses. that is my forecast. mr. trump had two big wins in new york courts one appellate judge knocked down imthe bond. second, trump posted it and make it three wins, of the successful trump media stock offering, i still believe shows great support for the former president throughout nation, it was retail investors not the big boys on wo wall street that bought his stock offering. step back, look at big, big picture, reminder, that mr. trump putting together a new coalition based on typical working folks and their families, who want to a pay raise not a pay cut and close the border not open it up to a waive of biden illegal crime and return to law and order and support police, and appreciate mr. trump's first term tax cuts and deregulations that contrary to biden's constant untruths, by far, benefits middle and lower income workers most, they
lydia hu thank you. i don't believe it but thank you. couple additional thoughts on this, donald trump posted his 175 million dollar bond, letitia james not taking all of his cash or assets or businesses. that is my forecast. mr. trump had two big wins in new york courts one appellate judge knocked down imthe bond. second, trump posted it and make it three wins, of the successful trump media stock offering, i still believe shows great support for the former president throughout nation, it was...
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Apr 18, 2024
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lydia hu with all the details. >> that's right, maria. hours after columbia university's president testified on capitol hill protests erupting just steps away from columbia's campus. after the break i'll show you what that looked like and those dramatic scenes so don't go away. (luke) this will be a gold mine of local intel. (marci) so, tell us about this corn festival. (stylist) oooh you got your corn pudding... (marci) so...is it safe around here? (stylist) sometimes. [luke gasping] (marci) no eyebrows? (luke) think of how light it'll feel in the summer. we gotta run. eleven thousand more neighborhoods to go! (vo) ding dong! homes-dot-com. the need for domestic lithium production is crucial. surge battery metals is filling the demand and reducing our reliance on foreign sources with its best in class lithium discovery. surge battery metals, energizing our future. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transfer
lydia hu with all the details. >> that's right, maria. hours after columbia university's president testified on capitol hill protests erupting just steps away from columbia's campus. after the break i'll show you what that looked like and those dramatic scenes so don't go away. (luke) this will be a gold mine of local intel. (marci) so, tell us about this corn festival. (stylist) oooh you got your corn pudding... (marci) so...is it safe around here? (stylist) sometimes. [luke gasping]...
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Apr 25, 2024
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maria: thanks very much, lydia hu, this morning in syracuse, new york. mean while, investment management firm says fears of a ravaged commercial real estate market are now easing despite delinquency rates jumping to of 6.5% by the end of 2023. joining me now is the people's -- peebles' corporation chairman and founder don peebles. don, thanks very much for being here. what are you thinking these days about commercial real estate? we've been worried about these loans coming due and perhaps a problem specifically on commercial real estate. >> well, the worst is ahead of us. i mean, i think that a interest rates are are not going to drop as quickly as people anticipated. if people are not coming back to work, and many of these buildings, the vast majority of these office buildings in cities like new york, san francisco, los angeles and other major markets are insolvent. and if so we will see those properties increasingly go back to their lenders which will be local and regional banks because 82% of those loans are held by local and regional a banks. and i t
maria: thanks very much, lydia hu, this morning in syracuse, new york. mean while, investment management firm says fears of a ravaged commercial real estate market are now easing despite delinquency rates jumping to of 6.5% by the end of 2023. joining me now is the people's -- peebles' corporation chairman and founder don peebles. don, thanks very much for being here. what are you thinking these days about commercial real estate? we've been worried about these loans coming due and perhaps a...
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our own lydia hu has some of the details. what you got? >> reporter: hey there, larry. the former president posted his 175 million-dollar bond in his new york civil fraud case. that means his assets will not be protected from seizure by the new york attorney general while his appeal moves forward. he is challenging the underlying decision by judge engoron that found him of fraud. trump posted this on truth social. i posted a 175 million-dollar bond with these sadly failing and very troubled state of new york based on a corrupt judge and attorney general who used a statute that was never used for this before. that 175 million-dollar bond is less than half of the $454 million that was originally required and reduced been an appellate court last week. knight insurance group is underwriting the bond. i spoke with the chairman of the insurance company. he says he reached out to trump's team to offer help, adding he would offer that bond to anyone but he is happen his business is serving the former president. watch here. >> for us it's easy to do. it's what we do. we want opp
our own lydia hu has some of the details. what you got? >> reporter: hey there, larry. the former president posted his 175 million-dollar bond in his new york civil fraud case. that means his assets will not be protected from seizure by the new york attorney general while his appeal moves forward. he is challenging the underlying decision by judge engoron that found him of fraud. trump posted this on truth social. i posted a 175 million-dollar bond with these sadly failing and very...
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Apr 16, 2024
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liz lydia hu has more on this. reporter: hi, liz. the doubling news is the list of drugs in short supply is g rowing. 323 drugs were? short supply during the first three months of this year. weight loss drugs on the list because of soaring demand and also worsening shortages and other crucial categories and shortages for critical chemo therapy over a five year period and drugs treat ago attention deficit disorder shortages in antibiotics is climbing and it's at the farm skidds and we don't have enough manpower to call every single pharmacy to find the drug and it would be a full-time job for one secretary and parks drive 50 miles to get and go the way. reporter: almost half of a pproved fda makers in india and china and means predicting when a shortage is going to happen similar possible for the government let alone ability to adequately respond and policymakers are considering changes and fda wants to require more information output from drug makers alaska the origins of ingredients and they want to hold hospitals responsible and th
liz lydia hu has more on this. reporter: hi, liz. the doubling news is the list of drugs in short supply is g rowing. 323 drugs were? short supply during the first three months of this year. weight loss drugs on the list because of soaring demand and also worsening shortages and other crucial categories and shortages for critical chemo therapy over a five year period and drugs treat ago attention deficit disorder shortages in antibiotics is climbing and it's at the farm skidds and we don't have...
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Apr 22, 2024
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. >> ainsley: lydia hu is outside of the courtroom for more. >> they question whether the insurance company that is underwriting this $175 million bond could actually pay it if they had to. those lawyers writing this. night specialty insurance company is a small insurer not authorized to write business in new york and thus not regulated by the state's insurance department. had never before written a surety bond in new york or in the prior two years in any other jurisdiction and has a surplus of $138 million. which is less than 175 million needed. another issue these lawyers raise at the attorney general's office is who has access to the collateral trump posted to secure the bond. executives say the former president put up cash in a brokerage account. the a.g. says trump still has access to the account. they say that means it is not secure. the ceo of knight insurance company has previously told me he is sure he has the collateral for this bond. of course you may recall an appeals court previously reduced the amount of bond to $175 million from roughly $464 million. that was a move legal exp
. >> ainsley: lydia hu is outside of the courtroom for more. >> they question whether the insurance company that is underwriting this $175 million bond could actually pay it if they had to. those lawyers writing this. night specialty insurance company is a small insurer not authorized to write business in new york and thus not regulated by the state's insurance department. had never before written a surety bond in new york or in the prior two years in any other jurisdiction and has...
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Apr 22, 2024
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hu in downtown manhattan with more. good morning to you. good morning there maria that is right lawyers for attorney general's office state of new york will ask the court to invalidate, void, 175-million-dollar bond trump posted in civil fraud case lawyers questioning -- whether insurance company that is under written the bond can actually pay it, if they had to lawyers writing in court filing, specialty insurance company not authorized to write business in new york not regulated by the state insurance department, had never before written a surety bond in new york or in prior two years in any other jurisdictions, and have a total policyholder surplus just 138 million dollars. of course, less than 175 million dollars needed another issue raised by attorney general's office is who has access to the he collateral posted to secure bonded executives with knight specialty say former president put up cash in form of a schwab brorj account but points out trump has access to the account they argue that means bond is not sufficie
hu in downtown manhattan with more. good morning to you. good morning there maria that is right lawyers for attorney general's office state of new york will ask the court to invalidate, void, 175-million-dollar bond trump posted in civil fraud case lawyers questioning -- whether insurance company that is under written the bond can actually pay it, if they had to lawyers writing in court filing, specialty insurance company not authorized to write business in new york not regulated by the state...
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Apr 22, 2024
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jonna spilbor and lydia hu is with fox business outside the new york state supreme court to give us an update. hi, lydia. >> good morning. that hearing about this bond issue is about to get underway any moment. lawyers took their seats inside the court for both trump, insurance company and the new york attorney general's office. lawyers for the a.g. are asking the court to invalidate this $175 million bond because they have questions about whether the insurance company could actually pay that bond if they had to. lawyers for the attorney general's office write this. knight specialty insurance company is a small insurer that is not authorized to write business in new york and that's not regulated by the state's insurance department and has a total policy holder sur plisse of just $138 million. less than the $175 million needed. but executives with knight specialty say the former president put up cash in the form of a brokerage account as collateral. the a.g. says that trump still has access to that account and so they argue it is not secure. you may recall an appeals court reduced the a
jonna spilbor and lydia hu is with fox business outside the new york state supreme court to give us an update. hi, lydia. >> good morning. that hearing about this bond issue is about to get underway any moment. lawyers took their seats inside the court for both trump, insurance company and the new york attorney general's office. lawyers for the a.g. are asking the court to invalidate this $175 million bond because they have questions about whether the insurance company could actually pay...
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Apr 25, 2024
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lydia hu is in syracuse where the president will be speaking later. he's going to be announcing a big microchip deal; right? reporter: yeah, that's exactly right. he's coming to announce $6.1 billion in federal grants or taxpayer money being awarded to micron technologies, the semiconductor manufacturing giant. that money will help the company build two manufacturing plants. one in clay new york and the other in boise, idaho. this visit is biden's second visit to the region to tout the project after being announced two years ago. micron will also invest up to $100 billion here for the construction of the plant. it will create 9,000 jobs here and eventually produce advanced computer chips used in everything from tvs to cars and it's all part of biden's chips and science act and the goal there to protect the use economy and national security from chip shortages we saw during the pandemic. the announcement cops as recent fox news poll shows 61% of votvoters disapprove of biden's handling of the economy and semiconductor chips have become a major source o
lydia hu is in syracuse where the president will be speaking later. he's going to be announcing a big microchip deal; right? reporter: yeah, that's exactly right. he's coming to announce $6.1 billion in federal grants or taxpayer money being awarded to micron technologies, the semiconductor manufacturing giant. that money will help the company build two manufacturing plants. one in clay new york and the other in boise, idaho. this visit is biden's second visit to the region to tout the project...
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Apr 16, 2024
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fox business' lydia hu is here with more on that, drug shortages, lydia. >> good morning, maria. 323 drugs were in short supply during the first three months of this career, as you said, that's a new all-time high. since tracking started back in 2001. weight loss drugs are on the list of drugs that are in short supply. we know demand outpaces supply there. there are worsening shortages in other crucial categories. shortages for critical chemotherapy drugs have worsened over a five-year period. drugs to treat attention deficit disorder, harder to get. and shortages in antibiotics are climbing, doctors and patients sometimes go without the commonly prescribed amoxicillin. one pediatrician says patients and staff feel powerless. >> we prescribe it, we send it to the farm circumstance it's out of stock -- pharmacy and it's out of stock. we don't have enough man power to call every pharmacy to find the drug. parents will drive 50 miles to get it to pick it up. sometimes we have to do the mail away. >> one problem is the united states has little control over the supply chain for medication
fox business' lydia hu is here with more on that, drug shortages, lydia. >> good morning, maria. 323 drugs were in short supply during the first three months of this career, as you said, that's a new all-time high. since tracking started back in 2001. weight loss drugs are on the list of drugs that are in short supply. we know demand outpaces supply there. there are worsening shortages in other crucial categories. shortages for critical chemotherapy drugs have worsened over a five-year...
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lydia hu is in new york city with what's next for the former president. >> david, comes assets are protected from seizure by new york attorney general letitia james while he challenges the decision by judge arthur and gone found trump liable for fraud. the former president was that on to social class right, i just posted a $175 million bond with the sadly troubled new york. based on crop judge and attorney general who used a statute that was never used for this before. specialty insurance group providing the bond, the chairman of the insurance company tells me his office reached out to jump steam to offer their services. >> it's a big pond to underwrite but donald trump came up with all cash so at the end it was an easy decision with almost no risk. a win-win cummaquid win-win. i'm happy to help. >> if trump does not win on appeal, he will be forced to pay full judgment, nearly half a billion dollars. the appellate court's oral arguments in september and local appellate lawyers say addition : four to six weeks later. around the time of the presidential election. david, back to you directly w
lydia hu is in new york city with what's next for the former president. >> david, comes assets are protected from seizure by new york attorney general letitia james while he challenges the decision by judge arthur and gone found trump liable for fraud. the former president was that on to social class right, i just posted a $175 million bond with the sadly troubled new york. based on crop judge and attorney general who used a statute that was never used for this before. specialty insurance...
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Apr 17, 2024
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lydia hu is following this for us. >> columbia university president reportedly missed the last hearing due to a scheduling conflict. now all eyes will be on her this morning as she is answering questions from lawmakers. she previewed what she plans to tell the committee writing anti-semitism and calls for genocide have no place at a university and added calling for the genocide of a people whether they are israelis or palestinians, jews, muslims or anyone else, has no place in a university community. that a reference to the exchange former harvard president claudine gay had with congresswoman stefanik in the last hearing. remember this? >> calling for the genocide of jews violates harvard code of conduct, correct? >> again, it depends on the context. >> it does not depend on the context. the answer is yes and this is why you should resign. >> gay later resigned along with the president of the university of pennsylvania liz mcgill and now stefanik promises to hold columbia accountable. she wrote this. since the horrific october 7th terrorist attack anti-semitism and anti-semitic attacks
lydia hu is following this for us. >> columbia university president reportedly missed the last hearing due to a scheduling conflict. now all eyes will be on her this morning as she is answering questions from lawmakers. she previewed what she plans to tell the committee writing anti-semitism and calls for genocide have no place at a university and added calling for the genocide of a people whether they are israelis or palestinians, jews, muslims or anyone else, has no place in a...
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hu outside of the family dollar store in new jersey. you would've thought dollar stores would be a go to with inflation, what's the problem. >> you're absolutely right, the dollar stores were ago to during inflation as people became price-sensitive looking for the deal in dollar general ceo said back in may of 2020 we do very good in good times and fabulous and bad times, here's a problem with inflation it is sticky and persistent and people are becoming exhausted, food prices, 21% higher than when biden took office, yes higher earners are shopping were a dollar stores and trading down but those earning less looking for the absolute best deal between dollar stores and other big-box retailers like walmart, dollar general is a same-store sales for 2023 rose two tenths of 8% that is much lower than the jump in 2022 the year before when same-store sales rose 4.3%. a slowdown there. dollar store chains or closing locations. the 99 cents store closing all 371 locations across four states where they operate, the retailer there has been in busi
hu outside of the family dollar store in new jersey. you would've thought dollar stores would be a go to with inflation, what's the problem. >> you're absolutely right, the dollar stores were ago to during inflation as people became price-sensitive looking for the deal in dollar general ceo said back in may of 2020 we do very good in good times and fabulous and bad times, here's a problem with inflation it is sticky and persistent and people are becoming exhausted, food prices, 21% higher...
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lydia hu follows the story. obvious question, what happens next. >> yeah, stuart, this bond means trump's assets are protected from seizure by new york state's attorney general letitia james while his appeal moves forward. he's challenging this decision by judge arthur engoron that found him liable for fraud and trump posted on truth sociality just posted a $175 million bond with the sadly failing and very troubled state of new york based on a corrupt judge and a attorney general who used a tat coauthor that was never used for this before". the $175 million bond is less than half of the $454 million that was originally required and then reduced by an appellate court last week. knight insurance group is underwriting the bond and i spoke with the chairman of the insurance cheap. he said he reached out to trump's team to offer his help adding that he'd offer a bond to anyone that need it had, but he's happy his business is serving the former president. watch. >> for us it's easy to do. it's what we do. we wanted a
lydia hu follows the story. obvious question, what happens next. >> yeah, stuart, this bond means trump's assets are protected from seizure by new york state's attorney general letitia james while his appeal moves forward. he's challenging this decision by judge arthur engoron that found him liable for fraud and trump posted on truth sociality just posted a $175 million bond with the sadly failing and very troubled state of new york based on a corrupt judge and a attorney general who used...
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Apr 15, 2024
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lydia hu on that and so much more. >> reporter: charles i left my pom-poms out in the green room for this one because i can tell you retail sales this morning came in higher than consensus while february was revised higher. some might look at the report saying hey, the consumer is strong but we would suggest resolvedded is a better description. several cat categories were down, cars, clothing sporting group. we saw a tick up spending on food and gas. charles, that might speak more to inflation rather than increased demand. in fact we see people are spending more, we have to take into account how they're spending on credit cards t appears they're falling further and further behind. 30, 60, 90 day delinquencies ticking up. we have the worst data on record for the fed going back to 2012. not a great look here. everyone has forgotten about the yield curve, how it is inverted. we haven't. we're taking a look. it has been a long time, 530 days. right now it doesn't seem like we have signs of a recession on the horizon. the economy seems strong. the market in general making records. unemplo
lydia hu on that and so much more. >> reporter: charles i left my pom-poms out in the green room for this one because i can tell you retail sales this morning came in higher than consensus while february was revised higher. some might look at the report saying hey, the consumer is strong but we would suggest resolvedded is a better description. several cat categories were down, cars, clothing sporting group. we saw a tick up spending on food and gas. charles, that might speak more to...
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Apr 16, 2024
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lydia hu's with me. why is this the happening? >> reporter: well, stuart, it depends on what type of drug we're talking about. in some cases, demand is outstripping supply, and that's certainly what we're seeing in the weight loss drug category. but in other cases, the shortages are a product of offshoring our supply chain. many of our drug ingredients are coming from overseas. almost half of approved makers of drug ingredients, they're in india. you can see that here. 13%, they're in china. this means our country, the united states, can't even predict when a shortage is going to happen let alone respond adequately. shortages for critical chemotherapy drugs have worsened over a 5-year period. drugs to treat attention deficit disorder are harder to get. shortages in antibiotics are climbing. one pediatrician the told me she believes drug companies are not incentivized to make more medications that children need. watch. >> i feel like children are disproportionately affected by the drug shortage which just seems to me that children
lydia hu's with me. why is this the happening? >> reporter: well, stuart, it depends on what type of drug we're talking about. in some cases, demand is outstripping supply, and that's certainly what we're seeing in the weight loss drug category. but in other cases, the shortages are a product of offshoring our supply chain. many of our drug ingredients are coming from overseas. almost half of approved makers of drug ingredients, they're in india. you can see that here. 13%, they're in...
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Apr 17, 2024
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finish lydia hu has the story. any fireworks so far, lydia? >> reporter: stuart, not yet. it's been about 45 minutes, no fireworks yet, but we do have to acknowledge that the columbia president has had about four months to prepare for this. the that's when the last a hearing took place and we saw all the fireworks that ultimately led to the resignations of two university presidents. so far, stuart, he has act. knowledge pd a rise in anti-semitism on campus, but she insists the university has taken action. but still, take a look at your screen. protests, demonstrations on campus continuing to unfold. this is from today, stuart. the university tells us these protests here that you seeing are presenting a safety concern, violating university policies. they're telling the students to leave. and even before the hearing started today, students spoke about what they continue to endure at the university. watch. >> after all the attention a few months ago, it's shocking that i still have to deal with a hostile learning environment and an administration that is the unwilling or unab
finish lydia hu has the story. any fireworks so far, lydia? >> reporter: stuart, not yet. it's been about 45 minutes, no fireworks yet, but we do have to acknowledge that the columbia president has had about four months to prepare for this. the that's when the last a hearing took place and we saw all the fireworks that ultimately led to the resignations of two university presidents. so far, stuart, he has act. knowledge pd a rise in anti-semitism on campus, but she insists the university...
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Apr 25, 2024
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fox business' lydia hu has been following the president's movements and joins us live with the decan tails on the push to bring semiconductor production back onto u.s. shores. what have you got, lydia? if. >> reporter: hi there, kelly. president biden wrapped up his remarks just about 30 minutes ago. and he really celebrated that $6.is billion worth of taxpayer money that's going to be funneled into micron technologies. that money is going to be used to build two microchip fabrication plants, one just outside of sir e cause and the other in boise, idaho. today biden was joined by the likes of senator chuck seemer and new york -- chuck schumer and new york governor kathy hoping concern hochul. they say it'll eventually produce advanced computer chips that will be used in everything from tvs to cars and in artificial intention. now, biden says this delivers on the promise to bring manufacturing jobs back to america. >> it's clear we have the strongest economy in the world, and that's a fact. 15 million new jobs created in 3 and a half if years. unemployment limit hasn't been this low f
fox business' lydia hu has been following the president's movements and joins us live with the decan tails on the push to bring semiconductor production back onto u.s. shores. what have you got, lydia? if. >> reporter: hi there, kelly. president biden wrapped up his remarks just about 30 minutes ago. and he really celebrated that $6.is billion worth of taxpayer money that's going to be funneled into micron technologies. that money is going to be used to build two microchip fabrication...
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Apr 22, 2024
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lydia hu has the latest from the trump trial. what can you tell us? >> reporter: very busy here in lower manhattan, larry as the criminal trial got started underway with opening arguments in the case by district attorney alvin bragg. prosecutors accused trump of engaging with a criminal conspiracicy and former attorney, fixers michael cohen and david pecker, former ceo of national media which published "the national enquirer." prosecutor say they engaged in coverup to damaging stories to trump prior to the 2016 election. trump and his lawyers say trump is innocent. watch this. >> this is a biden witch-hunt to keep me off the campaign trail. so far it is not working because my poll numbers are higher than they ever been because the public understand it's a witch-hunt. >> reporter: another familiar name you recognize, mat thee coangelo, former senior biden official one time investigated trump for the attorney general's office, is prosecuting alvin bragg's case for trump. colangelo driverred arguments for the prosecutors. trump lawyers in the civil fraud
lydia hu has the latest from the trump trial. what can you tell us? >> reporter: very busy here in lower manhattan, larry as the criminal trial got started underway with opening arguments in the case by district attorney alvin bragg. prosecutors accused trump of engaging with a criminal conspiracicy and former attorney, fixers michael cohen and david pecker, former ceo of national media which published "the national enquirer." prosecutor say they engaged in coverup to damaging...
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lydia hu is here to break it all down. >> reporter: charles, that is a question we're all asking ourselves. we heard jay powell speak two hours ago and fed governor michelle bowman and michael barr. the adp jobs report came in stronger than expected. we're seeing big job changeses, construction, financial services let me get my highlighter on, financial services, manufacturing. but what is standing out to everyone was the big jump we saw in wages. pay is really heating up. pay jumped up 5.1% for people that stayed in their jobe. job changers seeing a jump by 10%. construction adding a ton of jobs, 33,000. 5.7% increase here, the largest increase just as there is a big bounce in goods producing jobs. charles we also got the ism service survey out today. that came in below consensus but when we peel back the layers here, some of these components are making investors cheer. they're getting excited. employment still in contraction territory but slower which is a good thing. prices still higher but also increasing at a slower pace. we should also mention now, charles, there has been a bifurcati
lydia hu is here to break it all down. >> reporter: charles, that is a question we're all asking ourselves. we heard jay powell speak two hours ago and fed governor michelle bowman and michael barr. the adp jobs report came in stronger than expected. we're seeing big job changeses, construction, financial services let me get my highlighter on, financial services, manufacturing. but what is standing out to everyone was the big jump we saw in wages. pay is really heating up. pay jumped up...
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Apr 10, 2024
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lucky for us lydia hu will give us more details. >> reporter: hey there, charles, as we know, everyone knows by now that the cpi report came in hotter than expected, giving us a read of .4 of a month-over-month when the street was expecting .3 of month-over-month for march. 3 1/2% is the read. we were expecting 3.4%. that is also an is being acceleration from the read in february which was 3.2%. this report, news on wall street but really not news to main street because this really illustrates the pang that everyday americans are living every day. car inions inflation from today's report up higher more than 2020%. those costs there, homeowner inflation higher by 5.9%. let's talk about the cost to eat out. that is higher by 4.2%. maybe people are eating out less. let's also talk about how high we've been higher for longer. we're now looking at 36 consecutive months where inflation has come in higher than 3%. that is on our way to a trend we haven't seen since the early '90s there. we look at supercore inflation because it climbed to 4.8%. that really underscores the rate of acceleration
lucky for us lydia hu will give us more details. >> reporter: hey there, charles, as we know, everyone knows by now that the cpi report came in hotter than expected, giving us a read of .4 of a month-over-month when the street was expecting .3 of month-over-month for march. 3 1/2% is the read. we were expecting 3.4%. that is also an is being acceleration from the read in february which was 3.2%. this report, news on wall street but really not news to main street because this really...
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Apr 22, 2024
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stuart: opening arguments and trump's hush money trial lydia hu is at the courthouse and ben hatton. there's news about trump civil fraud case, what is it about letitia james to avoid the 175 million-dollar bond what is going on with this. >> we're going to have a hearing on the very issue and lawyers have taken their seats as a hearing is about to get started any moment but lawyers for the attorney general want the court to invalidate the 175 million-dollar bond, they have questions whether the insurance company underwriting the bond could pay for if they had to lawyers for the ag office is writing this, knight specialty insurance company is a small insurer that is not authorized to write business in new york and that's not regulated by the insurance department and has a total policyholder surplus of $138 million which is less than the $178 million needed. executives with knight specialty say the former president put up cash in a brokerage account as collateral in the ag says trump has access to the account and they argue it is not secure, you may recall an appeals court previously
stuart: opening arguments and trump's hush money trial lydia hu is at the courthouse and ben hatton. there's news about trump civil fraud case, what is it about letitia james to avoid the 175 million-dollar bond what is going on with this. >> we're going to have a hearing on the very issue and lawyers have taken their seats as a hearing is about to get started any moment but lawyers for the attorney general want the court to invalidate the 175 million-dollar bond, they have questions...