david: this is an former apprentice contentious and at her defamation lawsuit against former president donald trump deny the allegations and called it a hoax. now she has dropped epithet is that for us have a great weekend, larry will be back monday, see you. ♪ ♪ >> from the fox studios in new york city this is maria bartiromo or wall street. folks walk into the program the analyte is the week that was an helps position you for the week ahead. i am jackie deangelis and for maria bartiromo. crisis with the margaret bob dole on the threat of inflation how long it lasted and where you should be investing right now. we are also get a price spike in energy just in time for colder weather. i am talking to the top republican on the house energy committee, happy mcmorris

rodgers on the biden administration blame game what they should be doing right now. honoring our heroes, or the fastest growing company companies in america started by a veteran to support the veteran community. it's also preparing to go public care from the founder and ceo coming up. but first, here is a look at the market through this week by report on rising inflation, consumer prices now at 8:30 year high as the supply chain issues grow. >> because of the extent of the economic recovery american families have been able to buy more products. but guess what, they are not going out to dinner and lunch and going to local bars because of co- video. so what are they doing? they're staying home and ordering online and buying product. >> president biden blaming the high inflation and supply chain issues on the american consumer i like some of the

meeting check out these headlines they think the economy is awful for the washington post, do not rant about shortstaffed stores and supply chain woes, it is time for a new more realistic expectations. saying inflation is good for you. joining me now, investment chief officer bob dall. bob good to see you. >> too that last headline, is inflation good for us? i find that difficult to believe. [laughter] >> you and me both i do not quite know what textbook or history book he is reading to say that. look, inflation for most people in the system not good news. when you have said please, please hire inflation they've done everything they can to stoke it and you have a congress and the president's

sake let's just keep spending money what is inflation? too much money chasing too few goods that's exactly what we have it. jackie: will becomes of the goods and supply chain the president saying it's the consumer has essentially causing the problem because they have got all of this cash and their ordering all this stuff the supply chain cannot keep up he is not acknowledging the spending is going to hurt us as we move into the future. as a matter fact are saying if we pay the build back a better agenda $2 trillion it will help. [laughter] >> i do not quite understand that history book or textbook either, jackie. look, the amount of money sloshing around in the system in fact from the last past a program is still abundant. and americans have lots of cash to put more money in their hands is only going to choke the system. i am against that next pack tickets. jackie: let me ask about strategy in this kind of environment pregnancy the markets go higher. it makes sense to me because the low interest rate environment essentially gives you nowhere else to put your

money. others are saying no, no, no there is growth in the market were still recovering from the pandemic and things will be good for the next 12 -- 18 months. do you believe that philosophy? >> i think the economy, jackie, will be good for the next 12 -- 18 months. i am not sure i can say that about the market. i think the market is okay in the path of least resistance is the upside because we have superlative growth albeit slower from the second quarter. we have earnings we are completing third-quarter earnings and look how good they were. the ability to pass on issues on the part of corporate america to get you, me, and businesses to pay more is gargantuan. we know earnings drive stocks there are some flies in the ointment. we just discussed one, inflation it is a problem for interest rates and therefore

ratios in the stock market. i want to make sure i'm not extended in duration and the fixed income market or too many height growth stocks in my portfolio. >> that sounds to me like a little bit more of a cautious view which makes sense. you bring up an excellent point was that consumers do have cash for they have the stimulus checks there spending the money, there's going to be a tipping point where it starts to become too much. the cost increases start to dampen the household budget. when you think that is? >> like right now. [laughter] started with corporate america and the third quarter, i thought, jackie, would hear a bunch of company say things are okay but these cost pressures and we have a little margin problem. we did not hear much about it all. margins went up again so corporate america passed it on. that will not be the case forever because consumers as you point out will eventually say maybe i do not need this next product and maybe i will

not order it because it's got up a whole lot in price. just because i have cash does not mean i have to pay higher prices i can sit on my hands. >> basically showed you inside america lot of the gop supported states, inflation is running higher than 7%. they are feeling it even more braid the reason you don't see it on the coast, is things were already expensive. >> well said, jackie. those kinds of numbers we are not used to 30 years highs. the fed remembers can we please have inflation move up to 2%? be careful what you wish for. the conundrum for me has been the stock and bond markets really have not made a lot of attention. i guess the market still believe inflation isn't transitory. i think we are past that. jackie: we will see how the markets reacted tapering and possible interest rate hikes

as well bob good to see a thank you. >> thank you. >> meanwhile energy prices jumping with the national average for regular gallon of gasoline more than a dollar more than it was at this time last year. the ranking member the house energy and commerce committee, kathy mcmorris rodgers on what the biden administration needs to do about that, next. >> drive a diesel car i would spend about $50 on gas. last week i spent about $80 in gas which is ridiculous. kevin, where are you? kevin?!?!? hey, what's going on? i'm right here! i was busy cashbacking for the holidays with chase freedom unlimited. i'm gonna cashback on a gingerbread house! oooh, it's got little people inside! and a snowglobe. oh, i wished i lived in there. you know i can't believe you lost another kevin. it's a holiday tradition! that it is! earn big time with chase freedom unlimited. how do you cashback? chase. make more of what's yours. ♪ ♪ ♪

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what options does the president have to counteract higher gas prices? we do not have an announcement yet on anything to share at this time. we are monitoring up. >> note new plans the white house is americans are facing higher prices at the pump.

on average we are paying more than a dollar over what we were paying last year for a regular gallon of gas. it is still about 11 senate democrats urge the administration to ask tapping the strategic oil reserve or banning exports to help bring down prices per joining me down kathy mcmorris rodgers congresswoman good to see you. >> rate to see you thank you prick. >> are calling on energy secretary grant home to testify before your committee because there really is a lot that she and the administration could do about these gas prices. does not have to do with tapping. >> that is absolutely correct. it's been an attack on american energy after decades of work he finally became energy independent. secretary of energy of it attacked american energy on

gas prices 50 cents higher than the rest of the country we seen from day one then said yes to the north stream to pipeline from russia to germany. at the same time is shutting down american energy exploration and development on federal lands. all of this is having a chilling effect and it's hurting us at the very time the head in the direction of the secretary testified for the energy and commerce committee what steps we can be taking so we get the prices down to pre- >> that is a great point.

she was in an interview laughing saying oil is a global market she cannot do anything about gas prices. it's unequivocably on treatment comes of this administration it comes to climate change when it comes alternative energy, i'm think it was laid out quite nice about one of the nominees for the treasury department. listen to this. >> primarily coal industry and oil and gas industry are going to probably affect in short order. at least we want them to go bankrupt if you want to tackle credit change. the way we get rid star than other capitol that says it all.

by demonstration is put in their climate agenda, renewable energy, electric vehicles ahead of national energy security. their agenda is going to make us dangerously dependent on china for the supply chains. we know china controls the renewable supply chain around wind, solar, electric vehicles. that is the agenda of the administrations moving forward at the expense of american energy that is so important to our national security into our competitiveness to american families. >> congressman if i may energy prices are soaring the democrats are pushing the massive special spending bill. we build back a better bill will raise taxes for top earners to the highest level in the world.

57.4% per also hearing from the tax policy center the middle class will receive a 30% increase in their taxes. what impact will this have on the average american family? remember this is an administration that said we are not going to raise taxes on lower level earners. >> that's right we have heard that before, haven't week. unfortunately as we are getting more details this is absently going to raise cost on families at a time when they are already hurting. this is the socialist agenda that's more important than what's best for american families and the goal is more federal control over our lives. it's going to raise cost on american families, inflation is at a 30 year high. it's an ugly hidden tax that people face. thanksgiving is right on the corner were going to have the most expensive thanksgiving dinner ever because as

inflation is a hidden tax people pay when they go to the grocery store when they go to fill up their car with gas as the rising costs go up it means that money, it takes more money to buy your food, to pay for gas and it's a hidden ugly tax. beyond that with the democrats out of biden and the democrats are proposing is absently going to raise taxes on that middle-class families at a time there already hurting. the more interested in the radical agenda prick. >> dimension thanksgiving turkeys are going to cost twice what they cost last year. you are right what it comes down the cost strips away cash or paying higher taxes it strips away cash. there are less and less to save and we talk about a socialist agenda they don't want you to save. this agenda is being rejected

both in virginia and new jersey we saw the american people the large majority are rejecting they believe we are on the wrong track. they believe in freedom. we believe an opportunity. the biden administration is about more control of our lives for they do that by raising taxes on hard-working american families. they are shutting down american energy the inflation as they continue to spend more money, records trillions of dollars in spending printing money at a record pace is driving inflation in our country all of this is a hurting hard-working american families prick. >> it sure is but those families will have an opportunity to flex their muscle and exercise their voice or the midterm will see what happens congresswoman good to see you. >> great to be with you. jackie: we are honoring our veterans as we can celebrate

their compliments and business. up next the mission and the man behind with the fastest growing coffee companies in america. maria sat down with black rifle coffee ceo his details and that companies plan to go public next. >> we do better job of hiring veterans. we can do better job of putting spotlight on veteran unemployment. we can do better job of taking care of the people that continue to serve and sacrifice overseas to include not only the veterans but the veteran families. this is a really important step thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab.

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jackie: honoring her hears and celebrate their achievement the veteran owned and operated black rifle copy company making a major with maria on the companies plan to go public. shares the details of this in

their mission to help more veterans across the country. >> it has been four years since the last time i was on the show. i thought is important to make this announcement with your. >> you're going to go public $1.7 billion bill could tell me what you can do with that money quick i think timing was very important as far as a taking or position the company to go public. what we wanted to do is carry a relationship with someone who had the same mission, intent and commitment to the veteran community. they've been able to come to the table and commit shares to the fund which is our nonprofit section of the business. being able to partner someone right now and the timing of this as far as being able to capture and market inertia. he sees the opportunity to grow the company maintain our commitment to hiring a 10,000

veterans. we set out with that goal four years ago. i set it on your show, never strayed from that mission or focus. this is just part of completing our promise to the american public prick. >> and kevin talk to us about the veterans you've hired so far and what they bring to the table. we honor complete thank you for your service to this great company once again. coming into the business from the military you are seeing a different mentality, a specific skills that you are not getting elsewhere, tell us about it. >> i think veterans especially post 911 the younger generation of veterans are underemployed at a much higher rate. they bring a complex problem solving and split decision making matrix i think most of the civilian population might not understand.

they've been put in some of the most dynamic, complex problems in the world. they have been able to solve this at a very high level and have a lot to offer the professional workplace. my job is not only to inspire and entertain people it's we need to do a better job of hiring veterans reach a better job of spotlight on veteran unemployment. we can do a better job of taking care of people continue to serve and sacrifice that with the veterans but the veteran families to use the platform to shed the light on veterans issues, higher veterans and create a culture that is truly authentic to the veteran way of life. >> i know you have a major one throbbing part of the business as well. your company is donating five through 30,000 shares, who does that help and give us a sense of the backdrop, the

competitive landscape. how do you compete with such a big corporations like a starbucks, like a duncan? >> the main competitive edges being a better company. see a better product a better company culture, a better mission. i think that is something lost in a sea of corporate whitewash is we are true authentic american brand. this is an american business success story every veteran in america should be proud of. in seven years that we've been able to accomplish with hundreds of veterans hired in with our philanthropic endeavors with millions of dollars we set up some very intentional mission focused goals. what of my goals is to field 1000 plus atv wheelchairs for service members to get them out in the woods just like i get to do with my kids. i am fortunate enough to have

kept all of my limbs, all of my digits in the 20 years of deploying a back-and-forth overseas. united states military and cia it's time for us to give back as a company. and continue to give back. >> thanks to black rifle coffee company ceo founder, don't go anywhere more wall street after this. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner.

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channel for sunday morning futures. she's got exclusive interviews with senator ted cruz, carson jordan, doug collins and former defense department chief of staff cash patel. plus start smart every weekday from 6:00 a.m. -- 9:00 a.m. eastern with the mornings with maria right foxbusiness for that will do it for us, thanks for watching and have a great weekend. ♪ ♪ ♪ ♪ hello this week on the wall street journal at large, inflation hits at the highest level in three decades. it looks like it could go even higher. from thanksgiving dinner to filling up gas tanks prices are surging across the country fueling on each about the viability of economic recovery. now was all this avoidable? does joe biden have any sort of pla t