tv Cavuto Coast to Coast FOX Business February 10, 2022 12:00pm-2:00pm EST
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well-done. send us "friday feedback," varneyviewers@fox.com. send us your fan friday videos as well. i have ended up with 15 seconds to go and i don't have any filler. lauren: saw them highlight 164 million in the break. that is how i'm so accurate. stuart: you fill 10 seconds remarkly well. ashley, it is yours. ashley: i need wearing glasses. thank you, stu. i'm ashley webster in for neil cavuto on "coast to coast." inflation fastest increase since 1982. we're on the story from every angle, what it means for your wallet. governors taking foot off the pedal with covid mandate mania.
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the biden administration not keeping up. why not? brian kilmeade will be here. you don't want to miss that. one of the biggest operations is underway, in los angeles dozens of agencies join the effort to keep the super boem secure. we'll bring all the action from sofi stadium. stay tuned for that. first, our top story today, of course inflation hitting levels not seen since june of 1982, nearly 40 years. the white house, by the way blaming greedy corporations as part of the problem. edward lawrence is live at the white house with all the very latest. good afternoon, edward. reporter: ashley, a senior administration official tells me their argument has been month-over-month inflation is actually going down but that did not happen in this report. inflation rate remained the same. so the numbers are not falling in the president's direction but that didn't stop a positive spin.
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listen. >> do everything we can to keep wages up and prices down. as i said, when it comes to gas, when it comes to computer chips, when it comes to the ports, it comes to the trucks we are pressing robust agenda as we can from the white house to epunsnarl the supply chains. reporter: now i want to break this down. wages are going up 5.7% over the past 12 months. inflation, look at that, 7.5%. that means people are losing 1.8% of their paychecks. some people have to choose more food, fill up the car. inside the numbers it's bad. increase of food year-over-year at 7%. that is all food. at home food, meaning grocery store, is up 7.4%. if you're eating out that increase is 6.4%. turn together pump, gas of all types increased year-over-year 40%. fuel oil from your home up 40.5% over the past five months. these increases are across the board. used cars, inflation went up
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40.5% year-over-year. so we spoke with the chairman and ceo of the utility company, southern company, thomas fanning, also former chairman of the board that advises the atlanta federal reserve, he was very clear about what happens if the president gets all his spending through congress. >> because of supply and demand issues we've seen inflation rise up in a big way. there is no question though that more government spending adds fuel to the inflation fire. we need to keep that as low as we can. where we do new programs in the government we need to pay for them in a realistic way. reporter: in a realistic it way, ashley. many of the pay-fors don't actually add up but this inflation is adding up. back to you. ashley: certainly is. edward, thank you very much. talking of which sky rocketing utility bills quickly becoming one of the biggest inflation concerns. some residents seeing their bills double in january alone. lydia hu is speaking with people to see how they're coping with
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the spiking costs. lydia? reporter: hi, there, ashley. as we see a growing emphasis on growing green we also see america's utility bills are on the rise. here in new york city, for example, residents are fuming because in some cases their monthly energy bill has increased almost five-fold in just one month. this resident's total electric bill went to 72.97 in december, to over $350 in january. she tells fox business, she was blindsided. >> people are paying $700 a month to power a studio apartment. which seems crazy. a lot of the consumers will be bearing the brunt of this high cost. reporter: now a spokesperson for con edison tells fox business that the spike in prices is driven by inflation and the rising price in natural gas.
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prices for natural gas have jumped nearly 50% over the past year. now they also tell us that their transition to renewable energy will, quote, shift our dependence away from natural gas in this volatility but residents say that doesn't blunt the gut punch of the month over month spike and that these utility costs are not sustainable. >> i can't make anymore money than i already do. i make the amount that i can possibly make. i have a-year-old. i already have the most energy efficient things i can own. i can't make, i can't make me have solar panels, are we really in that energy crisis where we need to burn candles and like go to bed when it is dark? reporter: now con edison is asking the state for approval to right headaches again for next year, 11% more for electricity. 18% for gas. they want to invest more in
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clean energy they say. ashley, they're not alone. utility companies across the country from florida to west virginia, california they're hiking rates or planning to do so. consider this, ashley, according to analysis from a group called home advisor, they looked at census data, found one in five americans over the past year were unable to pay an energy bill in full, as we see growing utility prices we'll likely see this trend continue to increase as well. back to you. ashley: yeah, very difficult indeed. lydia, thank you very much for breaking that down. by the way a new analysis showing higher inflation is probably costing consumers at least $250 more a month, with millenials, latinos, the middle class at the top of the list who is feeling the squeeze the most. get reaction from strategic wealth partners investment strategist luke lloyd, geltrude
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and company founder, dan geltrude. thanks for joining us. luke, let me begin with you. an extra 250 bucks at least, that can make a big difference, can it not, for families simply trying to make ends meet? >> it makes a huge difference, ashley. the thing is the middle class and lower class always pay the price for policies in washington that accelerate the inflationary pressures. the fact greedy corporations did not cause this inflation. the politicians in washington did. also the american consumer definitely weaker than it was a week ago. it goes back to the extra stimulus we got from joe biden right when he got back in office. biden tooted his horn he was all for the middle class. all he has done destroy the middle class, make wealthier richer. wealthy has assets side to the stock market and assets night like the middle class with
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lifestyle. thank god joe manchin stopped "build back better" which would cause worse issues for middle class. ashley: luke brings up great point. joe biden says greedy corporations are taking advantage of their monopoly to raise prices but he still wants to get the massive spending bill through, the "build back better." seems to me the white house just isn't getting a grasp of what is causing this inflation and the pain it is inflicting. would you agree? >> i absolutely agree with that. look, they are completely missing the whole point here. they are putting much more emphasis on increasing demand. that is the exact opposite of what we need. we have a supply issue. demand is fine. we need to focus in on how do we increase supply. that is a piece of it. but at the same time everything is costing more. why? not because of the pandemic.
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not because of the virus. it is because of bad policies. look, even larry summers, democrat economist, the left loves him. he has been warning about doing this and spending more money. no one is listening. ashley: so, luke, what happens to the economy? you know this is an economy driven by consumer spending but right now a large number of consumers are trying to decide what to pay? can i pay my utility bill in full? having to cut back on groceries, what is the bigger impact here? >> yes. so it is all about the middle class. i talk about the middle class all the time because it is the backbone of the economy along with small business. when it costs more to go to the grocery store, the gas station, the pump, peoples pockets are eaten up very quickly. i heard you mention earlier, real wages are down over 2% because when you adjust for the
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wage growth and also inflation growth they're actually down. so that is what really concerns me. 2022 is going to be the year to determine how really strong is the middle class? because we saw this huge influx of money over the past two years. is that sustainable? the bar is being set pretty high right now. it has to come down a little bit. that is what concerns me about the stock market and the economy. ashley: dan, all eyes on the federal reserve, growing belief they have to be aggressive putting a cap on all of this. what do you expect the fed to do this year? >> i think they're in a position where they have no choice but to raise interest rates. but we shouldn't really have gotten to this point. we go back to what the policies have been coming out of the white house. the white house is essentially punted this problem with inflation over to the fed and said, hey, you fix it. i saw charles payne say something very interesting. he said the fed is in a position
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where how do they heal the patient without actually killing the patient? and that's what we're looking at here in terms of that balance of raising interest rates because we could easily be thrown into a recession. ashley: well, that is the issue. very quickly, luke, i got 20 seconds. if we throw on the brakes too vigorously, could we be talking about the dreaded "r" word? >> i think it is something you got to think about, right? at the same time though the economy is still showing some signs of strength. if we get interest rate hikes, i mean it is needed to combat inflation. i think it is actually a positive thing. we have to combat inflation because if we let inflation run hot too long we have a issue with the middle class. if we hike interest rates we save the middle class. that is my take. ashley: very good, gentlemen, great stuff, luke, dan, thank you for joining us this afternoon. appreciate it. all right, coming up the "freedom convoy" of truckers in
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canada continuing to fight the vaccine mandates at the border. molly line is live in ottawa with the update next. >> fight together -- reporter: "freedom convoy" remains in place in parliament hill and major places in the country a bridge from detroit into canada. traffic raises snarls. that raises concerns about supply and trade on both sides of the border. ♪. your shipping manager left to “find themself.”
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or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. ashley: protesters continue to jam the streets off ottawa, a fines of $1000 to get protesters to go home. molly line live in ottawa with the very latest. hey, molly. reporter: ashley the brakes remain on here. protesters firmly in place. if you look around here the wheels are actually off some of the cars here. roads around parliament remain blocked. party-like atmosphere. big stage a band plays. what began as demand to lift covid vaccines and cross-border travel has expanded.
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people across canada not only to support the truckers but their own agenda, seeing broader covid-19 restrictions lifted. >> they have given us hope that we're not alone. we've been told we're not alone, that we're selfish and truckers have showed us that we are not alone and we all want to be here to help each other. reporter: protesting truckers have taken the protest out on the road shutting down, snarling traffic. big international crossings, one on the montana border, they continue a major demonstration at the ambassador bridge which accounts for 25% of trade between the u.s. and canada spanning from detroit and windsor, ontario. the mayor expressed fears of long-term economic damage particularly the auto industry where plants are heavily affected. prime minister justin trudeau and u.s. leaders are impacting fears of impact regarding trade. >> this is a very, very serious
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potential impediment to what's already a very delicate supply chain. reporter: similar convoy protests started revving up around the world from france to new zealand. rumblings of a potential trucker convoy are taking form on internet that super bowl could be disrupted. u.s. department of homeland security spokesperson told fox news the agency is tracking report of a potential convoy may be planning to travel to several u.s. cities. we have not observed specific calls for violence. here on the ground in ottawa police have sent a new message, more aggressive message to the protesters here, providing notice anyone blocking streets or assisting someone tolock streets could potentially face arrest. ashley? ashley: it goes on and on, molly, thank you very much. now the time we've been waiting for, "fox & friends" co-host, cue the fog machine and strobe lights, brian kilmeade is here. the man who never sleeps so we
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can. listen, brian, i just wanted to pick up on what molly was saying about the canadian truckers. if you watch the mainstream media they're calling these folks, it is an insurrection. msnbc called it a cult-like response. they just don't get it. this is a call for freedom and as molly reported, it is starting to be picked up around the world. >> ashley, i don't have to tell you calling truckers a cult is laughable. for them not to realize it, that is an audience they want to watch their network. by insulting them they won't do it for sure is insane. we watch the truckers, covered this from the beginning as did you. the truckers came in because they didn't want mandatory vaccinations of the as they run across ottawa to submit messages across their cowardice prime minister, i have been contact traced. i have to leave. he leaves. calls them fringe. then he says he tests positive. you know i hate my life for the last two years. i have no idea why i can't go
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out at night. i have no idea why i can't play sports, go to school. i don't have idea why my kids have to wear a mask. they run around the truckers. i have news for you, america, they're coming our way. they blocked one major bridge of 20% of all commerce. they might be headed to the super bowl. they're organizing from a march 1st move from oregon to washington, d.c. people want their lives back. what don't they understand about that? ashley: that is a good question. here in the u.s. we are seeing more states, even democrat states finally relinquish those mandates, not so much for the schoolkids but the biden administration also continues to put out very confusing message. but i think with the midterms around the corner, the democrats are saying you know, what, i'm starting to hear what they're saying finally, starting to you know, release some of these mandates. >> looking inside the nine as we
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started today that said we're loosening up nine blue states, washington, oregon, rhode island, new jersey, massachusetts, illinois and delaware. i look inside of what they're saying. row island i salute you. end of school mask mandates. that is great, back to work. washington you just waived outdoor mask mandates. we should never wear masks outdoors. massachusetts, great job. the rest has a long way to go. they leave kids last. it is not brian kilmeade, ashley, not you saying this, dr. scott gottlieb, very respected he says, cloth masks are not going to provide protection this is an airborne illness. we understand that. a cloth mask will not protect you from a virus. not only we're not debating whether we should do it or not, what we're debating doesn't work anyway. natural immunity does. hopkins put that out. ashley: right. >> we know on top of that everything we did before was not effective in stopping deaths in this country.
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we have immune from omicron. we've been exposed. can we have our lives back. this is the last time we're asking. ashley: time to get back to normal. talking about the president, i think "realclearpolitics" put together amalgam, accumulation of polls, it suggests his approval rating now has dropped below 40%. >> i think it's a couple of things. inflation number that you guys jumped on. we've all jumped on at 8:30 today. everyone loved the jobs numbers. shocked how great they were. fantastic. i love the 3.9% unemployment. if you ask the average american, they don't look at the stock market. they look at the price of things. where are things. we don't see things on the shelves. things take so long. you don't have to be rich to find a car or used car. can't get it. it is over sticker price. you look what is going on? we spent 1 point 9 trillion now
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he wants to spend more. he said if we spent more of "build back better" we wouldn't have inflation. that is insult to our intelligence. no one buys that. they see him behind the wheel, not behind the wheel reacting to things. i don't think people feel too secure right now. ashley: behind the wheel and perhaps nodding off. i would be remiss, if i don't mention, brian, your new show on fox news. what can we expect? >> i mean we'll cover the super bowl, no doubt about it, "one nation." i will not talk about how we're different. bring the country together when all possible. i lead with harold ford and trey gowdy. one has a d, one has an r. i will try to give an idea what happened, where we're going as a country. i have great honor followed by dan bongino. and after that guy named lawrence jones. we look you to nod off before
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"snl" turns you off. ashley: i'm sure that will be the case. good luck with the show, brian. thanks for joining us today. >> thank you, ashley. ashley: very good stuff. right to the point. thank you. should stock trading by the way be banned for all members ever congress. the debate is heating up on capitol hill. we'll have more after this. ♪.
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the judicial branch. fox news congressional correspondent aishah hasnie has the details from capitol hill. ashiah? reporter: good morning to you, ashley. that's right, speaker pelosi feeling the weight of her conference, essentially bowing to that conference because of this bigby partisan push to pass a ban on stock trading but, again as you mentioned, she has got one condition. it has to include the judicial branch. watch. >> it has to be government wide. the third branch of government, the judiciary has no reporting. the supreme court has no disclosure. it has no reporting of stock transactions and it makes important decisions every day. reporter: so she is right about that. the judicial branch, excuse me, currently does not have a ban on stock trading while the executive branch essentially bans stock trading for cabinet members and appointees. of course members of congress. they have to report their
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trading to prevent any conflicts of interest. but according to recent media reports at least 55 members of congress have violated that law and they were slapped with fines. that is why we're see agroing bipartisan effort, a support for out right ban right now. senators warren and daines introduced their bill yesterday. warren's think something along pelosi's thinking. she told fox yesterday, this is just the first step. she does want to see it expanded. of course an outright ban also raises questions whether lower to middle-class americans would be discouraged from serving in government? >> want to make sure those who come with business experience, and had success, they are not disincentivized from coming here. on other hand you don't make it such as member of congress can become wealthy because of insider information they might have on trading of individual stocks. reporter: ashley, people want a
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401(k). they want that for their retirement. a lot of proposals on the house and senate side. pelosi says her conference should come together on a compromise pretty soon. ashley? ashley: very interesting. ashiah, thank you very much. luke lloyd and dan geltrude back with us to talk about this i will begin with you this time, dan, what do you think? should there be outright ban, is there too much potential of conflict of interest here? >> it is rare that i agree with nancy pelosi but when i do because she is making some sense. i think she is making some sense here. look, i think there should be a ban as she actually said, across government related to the trading of individual stocks. this stock act of 2012 that is supposed to keep congress in line is definitely not working. even people who are not properly reporting their stock trades within 45 days, if they don't do it, well, there's no teeth to
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it. so something really needs to be done. ashley: yeah. what do you think, luke? do you agree? is it just not good optics as they say if you start trading stocks in areas that you may have some influence? >> i'm all for free-market capitalism but insider trading is not free-market capitalism and nancy pelosi and her husband already got rich of trading stocks on policies she implemented. of course she is okay with banning trading stocks now. this ban should have been implement adlong time ago. policymakers should have the money in a blind trust, honestly. amount of insider information they're exposed to is be aabsolutely insane. these policymakers influence markets, companies and influence every aspect of our live essentially. even if they have to report stock trades they can take advantage of future policies because these policies sometimes are thought six months, a year down the road. just restrict being stock access isn't enough or reporting stock
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transactions isn't enough. ashley: dan, you say it should be government-wide, to nancy pelosi's point that should include the judicial branch, right? she points out they debate important issues that could have big impacts on companies and industries? >> there is no question about it. look, the supreme court really deals with a lot of huge issues. they're the ones many times making those final decisions. so yes, they absolutely have access to information while they're in conference. while they're discussing things, that the general public would not. and that puts them completely in, at an unfair advantage over everyone else. like luke said. this is about having access to insider information. that is not supposed to be allowed anywhere. so i think the judicial branch should be included. ashley: and you know, luke, there are those out there, always, you know, they tend to
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believe the stock market is all about, kind of a casino atmosphere where the rich get rich and manage to you know, kind of push the odds towards the house so to speak. so, you know, the fact that lawmakers currently are able to do this does add to that perception, does it not? >> well i think a lot of these lawmakers and politicians are disconnected from reality. yeah, the wealthy own a lot of stocks and they definitely, their lifestyle is connected to stocks but so is the middle class. they really are. pensions, 401(k)s, people rely on these stocks in the stock market, these investments to be able to retire, right? so when, people taking advantage of the stock market, trading on insider information, it is really taking advantage of the middle class. the majority of americans. so i never like to see you know, average american getting taken advantage of. that is what is happening. ashley: i think we all agree on this issue. great stuff, luke and dan, thank you, again, gentlemen for
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weighing in on this topic. we appreciate it. coming up after the break grady trimble is live at chicago's auto show where organizers think it is more relevant than ever now. grady? reporter: ash, we've got the chip shortage, electric vehicles and prices of cars skyrocketing a lot to talk about at this year's chicago auto show. we'll take you live here next. ♪. with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.
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♪. ashley: all eyes are on the chicago auto show with supply low and demand high and an ongoing chip shortage, this year's event is one to watch. grady trimble is there with the very latest. grady? reporter: ash, more relevant than ever, the organizer of the chicago auto show say because where else can you see all the vehicles from 19 manufacturers under one roof, with inventory
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so tight at dealership lots, they say this is the place to come and sort of browse all the other options if the exact one you're looking for might not be available. of course this comes amid the chip shortage. with new vehicle prices at record highs, around $46,000 last month, the folks at cox automotive believe that is the peak but prices are expected to stay high through much of this year. we're also seeing a lot of vehicles like this one. this is the kiaev kia ev h 9 this is concept vehicle. automakers have some sort of electric vehicle. gmc the electric pickup truck. cox automotive delivered one of those in the fourth quarter of 2021. but of course they are scaling up production to sell a heck of a lot more in the
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not-too-distant future. you cannot only browse but take them for a test drive indoors with the gas and electric engines. organizers say this is a huge hit. >> 40% of the people who came to our show last summer took a test drive or ride in one of the vehicles, whether gas-powered or ev. majority of people interested in evs never experienced one. so having an opportunity to get in one with the indoor test tracks in the show will be great for them as consumers. reporter: and as more and more people test drive electric vehicles sales are increasing. about half a million sold in 2021. that is a small fraction of told vehicles sold. it is 89% increase compared to the year before. so these are picking up as people get used to the higher price tag, they get a little more comfortable with the range that they have, ash.
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and of course as the charging network expands which president biden has been talking about a lot lately. still some hesitation with the evs. automakers, they were all in on electric. ashley: yeah, takes a while to get your mind around it. grady, great stuff. some fascinating and some cool looking cars for sure. the supply chain issues continue to impact multiple industry including boutiques and flower shops. with valentine's day just days away now, you will likely see more expensive flowers. lisa, she is the owner of blooming boutique floral designs in texas joins you now. lisa, great to see you. let's start with the supply issue. how much is the great and shipping costs impacted you? >> oh, my gosh. that's, really, really crazy. so that has been the biggest problem we've had with the supply chain is not only the delay in receiving products but just the charging, charges and
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freight has been astronomical for us. ashley: so if you take the typical dozen red roses, how much were they before all of this began and how much are they now? >> there are close to 10 or 15% increase in roses right now. then on top of that with valentine's day, naturally higher demand holiday, so it is extra charge too. ashley: so there is no way you can't pass on those extra costs to customers. i mean it is just not viable, right? >> it is difficult. as a small business we're trying to absorb as many costs as possible but unfortunately it is something that does have to be passed on to our customers. ashley: yeah. you know, talking of valentine's day, guys are famous for leaving everything to the last minute. i imagine that is not a very good idea if you want to get flowers for your loved one if you leave it to the very last minute, right? >> it is not something i would
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recommend especially this year. you're in luck, all you guys tend to do the same thing. we can help you still. but it is important to shop early. you still have time. ashley: how is business by the way? you know, texas is one of those state has got ahead of the game with reopening. how has business been? >> honestly it has been great. it has been good for us. especially in our area. we're in south texas. we have an amazing community that supports us, a very loyal fan base, customer base. so it has been very good for us. we're very blessed. ashley: there is always that spirit of support your local businesses. i'm sure that is alive and well in texas, right? >> it is. it is so important these days. ashley: it really is. lisa, thank you so much for taking the time to chat with us. i know you're busy with valentine's day and all those men. >> a little bit. ashley: at the last minute. just a little bit. thank you so much, lisa. we appreciate it. thank you. coming up an outspoken
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new yorker giving his view on the crime surge and it may not be what you think. going to tell you about it coming up. ♪. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect.
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♪. ashley: super bowl safety, one of the largest security operations the country has ever seen is underway in los angeles ahead of sunday's big game. fox news correspondent jonathan hunt shows us what has been done to keep fans and players safe. jonathan? reporter: ashley, it's a huge operation and we got to be a part of it for a short time. we're flying with an air and marine operations crew in a uh-60 black hawk helicopter. air and marine office is one of the wings of customs border protection. they're responsible for surveillance of 500 square miles or so that l.a. sprawls across and that they have to secure throughout this super bowl week. the greatest threat as always, the potential for a terrorist attack. listen here. >> we're -- fourth largest state
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in the country. population density is a huge concern. anyone for political or religious reasons wants to do nefarious acts, they're looking for high population area that makes me nerves. reporter: there is great responsibility for security too, on the shoulders of the los angeles police department. i talked to the l.a. police chief about what keeps him awake at night in the run-up to super bowl sunday. listen here. >> what is your worst nightmare? >> our worst nightmare would come here, travel from, across this region or internationally to try to use this location as a soft target, to express some discord or, some type of terrorist act. that would be my worst nightmare. reporter: now given l.a.'s recent surge in violent crime and the highly publicized nature of that crime surge, i also asked the chief, if visitors
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from out of town should feel safe here? listen to that conversation. what would you say to the average person coming from cincinnati, are they safe in l.a.? >> in fax i believe they are safer in l.a. than they are in cincinnati. reporter: there are 40, federal, state, local agencies, ashley, involved in what is a huge security operation. they're throwing a security net over entirety of l.a. they seem confident at the moment that net will essentially be impregnable. ashley? ashley: very good. jonathan, thank you very much. the super bowl as we know taking place in southern california where crime is on the rise. but east coast is also frustrated by the crime wave, including one al sharpton. listen to this. >> gow to a local pharmacy, duane reade or rite aid, any of them you have got to get someone
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to help assist you. we're talking about basic stuff. what did i miss we now have to lock up toothpaste? you cannot have a culture where people are just at random just robbing and stealing and it is out of control. ashley: new york city council republican minority leader joe borelli is here. joe, al sharpton making the point you have to lock up toothpaste but perhaps not the criminals. how ironic is that? >> i guess it is great finally al sharpton and i agree on something, in terms of not wanting our personal hygiene supplies being locked up. having to go to the counter to talk about what we might need from a pharmacy but you can't ignore the fact it was progressives like al sharpton who used his podium on msnbc, who used his podium as activist here in new york city for many years to actually give us some of the laws that weaken criminal justice system for all new yorkers including him.
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now he has to live with the consequences unfortunately. i'm sorry that him, although he was partially responsible for this, has to deal with this new new york where crime is rampant and criminals go unpunished. ashley: i want to pick up on that, joe. for people who have come to manhattan, enjoyed their time, how much has it changed from the really safer days of the city? we're putting some crime states on the screen right now which are really quite alarming, but how more unsafe is the city right now than it has been when it was a whole lot better? >> well, it certainly is. the statistics don't really lie. you know it is one thing to try to fudge the numbers on drug arrests or something like that. talk about arrests for rapes, shootings, homicides, assaults, those are not really numbers that can be fudged in any way to hide the fact that new york is much less safer than it once was. not only that, the perception of
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public safety has diminished in this city. we've heard stories about subway pushing, people getting harassed in our transit systems but the truth is, that you see the type of people that we can all readily in plain eyes identify as problems. we see those people all the time on our subway system, on our buses t creates a perception, not just the statistics that the city is less safe. >> what about manhattan d.a. alvin bragg? he seems to be, he actually admitted where he lives in harlem he says that community is in crisis but he doesn't seem to want to change his, as many would call, you know, soft on crime policies? >> well the truth is he prefer to be ideologue or demagogue and rail against the system that punishes people for doing wrong but the mere fact of the matter is, he is the district attorney of one of america's largest counties and one of america's most important counties. again the entire country.
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he owns the crime problem. the "new york post" and "the daily news" both ran stories today, both tabloids, both ends of the spectrum to some degree are both running stories he is letting people go without any significant ramifications. we always had progressive d.a.s in this city who want to divert people from jail, who want to lessen likelihood someone ends up in rikers island, that's fine. but alvin bragg took it to a new level putting policies in writing, carrying them out that let people off the hook as a blank account policy. ashley: i got 20 seconds, joe, quickly, what about eric adams, the city's mayor, what should he be doing more of? >> well he is symbolic of the wedge now in the democrat party where there is people with rational views on policing and criminal justice like him versus some of these folks that live in a bubble in the state capital in albany who don't seem to want to change our laws even though we can all easily see them failing
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us. ashley: all right. we'll have to leave it there but clearly, something has to be done. joe, thank you so much for taking the time to speak with us today. we appreciate it. >> thank you. ashley: thank you. after the break, supersized prices set to hit your super bowl party. the supersized details when we come back. ♪ for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns.
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♪ >> it's going to be tough for customers to find the car they're looking for. the prices keep increasing and the inventory is smaller. >> they can go get a gallon of milk, loaf of bread -- >> i don't know how we're going to make it. >> we to pass those increased costs along to consumers, and it's pain if. we're not making think more money at those higher prices. ashley: inflation skyrocketing 7.5% coast to coast, and your super bowl setup is the latest target. higher prices and fewer deals on super bowl staples likely to have an impact on many game-day parties. madison alworth is here to break it all down for us.
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hey, madison. >> reporter: hi, ashley. yeah, you said it. that 7.5% increase is really being felt by americans. one of the large contributing factors to that increase is food so, of course, some of those super bowl staples, they're going to cost you a lot more this year. this is going to be the most expensive super bowl spread in 40 years. so let's take a look at some of the items that are definitely costing more. first, non-alcoholic goods and drinks like your favorite sodas, that's 5% more this year. then when it comes to meats, that's up over 13%. so expect to pay more for your burgers, and poultry is up over 9%. when you break down those categories, that's when you see just what items are really costing the most. wings are skyrocketing, and no one knows it better than john of dan and john's wings. john, tell us how much have wings gone up in cost for you as a restaurant, and then what have you done to awhat you're
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charging customers. >> we've seen a huge increase, upwards of four times our initial cost back when we initially modeled the business. we've had to just raise our prices. there's nothing else we can do. >> reporter: so tell me what you were selling your 50 set of wigs for last year and this year, and what have customers been saying? >> i think we were about $65 last year, and this year we're at $399.99 -- 99.99. most people are understanding about the supply chain and just cost of goods. >> reporter: right. i think most people understand it's not just wings, you see it at the grocery store and for your other super bowl favorites. one of the big ones that's also jumped up incredibly in price is avocados, right? that is essential when it comes to guacamole. last year they would have cost you less than a dollar, this year they're costing $1.24 per piece. and, obviously, actually, you need a bunch of those to make
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delicious guacamole. so, listen, if your host has the wings and the guac, be a good guest, bring some alcohol, but also be prepared to pay more for that too because booze, yep, that that's costing more as well. we just can't catch a break. ashley: you really can't. and now i'm hungry on top of it. madison, thank you very much. >> reporter: sorry. [laughter] ashley: that's okay. aunts -- restaurants gearing up, fat brands expecting to sell about 135,000 pounds of wings this super bowl sunday and, guess what? fat brands ceo andy weeder horn joins me right now. we just heard from a restaurant operator in new york city. i think i wrote down that a package of wings has gone from $65 up to 99 9.99 -- 99.99. that is a significant jump in cost. are you seeing the same thing? >> we're not seeing the same level of price increases. we're certainly feeling the
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inflation at 6-7%. and, you know, the good news is we actually see chicken prices coming down post-super bowl, so that's exciting. ashley: but going into the super bowl, are you concerned of these higher prices, they could hurt sales? >> no. you know, look, consumers are so excited to be back act aively doing business with restaurants whether they're dining in or ordering to go platters from the restaurants, so i'm not worried. consumers have been very understanding and support it of the supply chain issues and the price increases. we're always making the minimum necessary price increase for the operators to maintain their margin, and i think this consumers -- the consumers understand that. ashley: when does the supply chain issue and also i should mention the labor shortage issue, because i know that plays a big role, when do you see light at the end of the tunnel? >> i'd sure like to figure or out where the 5 million restaurant workers went, because nobody seems to know. i don't think they're all amazon
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drivers. look, we are seeing supply chains get better. it was caused by a couple ownine virus going through the factories and slowing down production and, obviously, the drivers and all those things as well. but we are seeing prices start to come down. we expect between now and march for marched madness, as an example, we're going to see chickingen prices come down, so i'm hopeful about that. the labor shortage is really a challenge for the new restaurants opening. existing restaurants can kind of move people around. we're already on the back side of the covid omicron mess where you had certain restaurants closing because so many of the staff might get sick. ashley: yeah. are you having to pay higher wages and offer other perks just to and get some new hires in? >> wages are at an all-time high, and that's going to be reflected in prices like everyone else. everyone had to understand that when they raised the minimum wage, right? ashley: right. but you're competing with all
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sorts of places that are also doing the same thing. ironically, inflation is eating into those wage increases anyway. but, you know, you just don't have enough workers, how to do you open a restauranting? >> it's very challenging for the new franchise partners of ours that are opening their first restaurant to go out and find enough bodies to get that restaurant open. the existing guys that have three or four or five restaurants, they can kind of borrow amongst their staff, but new operators are really female feeling the pain. ashley: is the super bowl the biggest day of the year for your business? >> it certainly is for wings. our tin tweak -- twin peaks restaurants, absolutely, lots of wings, customers are coming out to watch the games. 40% of our 2,300 restaurants will sell wings on super bowl sunday, and they'll have record numbers. ashley: yeah. and those costs are so high, but you say the price of chicken is actually coming down. is that right?
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>> it is. a case went down by $1.60 last week, it's now $122 and projected to come down to $110 by march. i feel like the supply chain is catching up in that regard. we still have inflation, don't get me wrong, and prices are still way up, but it's coming down. ashley: well, i hope you're right, andy, and i hope we can see the back end of this. thank you so much for taking time to chat with us today. andy weeder horn, fat brands ceo. thank you. new hampshire's decision to cut business taxes during the pandemic is paying off as the state is now reporting record revenues. fox business' chief national correspondent connell mcshane live in concord, new hampshire, this afternoon with all the details. hey, connell. >> reporter: hey there, good to see you, ashley. live free or die, you know what they say here up in new hampshire. the governor was telling me that's more than a slogan, it's the way they think about tax policy. you were talking about how
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they're cutting business taxes, and even if they cut taxes, revenues are topping expectations, going up, not down. and that really was intrigued us. you look down main street in concord where i am today, you don't see a lot of big chains or anything like that, it's all small business, mom and pop type operations. many of them are thriving. just give an example, i went to a clothing store just down the street and the owner was there, got into a conversation about the business environment with her, and she was saying the relationship that business owners have with the government, in her view, it's set up for success. >> i think because we have so many small businesses and because i'm two blocks away from the statehouse, so if i have something to say, we are open to the government here that i could just walk into the governor's office and be like, hey, i have a question, i think that gets built in. i think every time we have a conversation about something whether it's taxes or policies, you know, whether it's plastic bags, the first question is how is that going to affect small business.
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>> reporter: you know, those are the types of questions we put to the governor himself, chris sununu, as we were walking down main street with him checking out the community business here in concord. and when we sat down to do an interview right outside his office in the statehouse, the governor made his economic case which is actually somewhat unique especially for this part of the country. >> we're going to have, many some cases, ten times the surplus that we normally would have because we're the only state in the northeast that's growing both economyically and with population base. but you do it by controlling your costs, being efficient and being able to cut taxes and say it isn't government that a comes first, it's the individual. >> reporter: it's the individual. you know, sununu was saying he has conferrings, ashley, with other covers and they'll say where do you get the revenue i from if you keep cutting taxes. he obviously makes those arguments that we were talking about related to growth. and to be fair though, new hampshire does have a relatively high property tax. only new jersey and illinois have higher property taxes, so
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that balances it out a little bit. but you put this whole program together and look at it in the big picture, you talk to people, it seems to be working economically for them at least right now. you cut taxes, and the revenues are actually going up. ashley: yeah. maybe some other states could take a lesson from new hampshire. great stuff. connell, thank you so much. really appreciate it. while the economy may be humming along, many red states still reeling from record high inflation. new economic analysis suggests the surge in prices may be adding $250 in costs for the average household. bring in former dallas fed if adviser danielle dimartino if booth. great to see you, danielle. look, for many families an extra 250 a month is not chump change. it really does make spending decisions a lot harder, right? >> it does. and to your point, if you look at the revisions to the recent
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employment report that was such a blowout, there were upward revisions in november and december that topped 700,000. you know what? that was people being forced back into the labor force to work. so if you're talking about the difference between red states and blue states, it was the conservative statements that were ending unemployment benefits early in order to get people back into the work force and generate lower wage inflation. kind of like what you're hearing about in new hampshire, which is a great example. texas, where i am right now, is also a great example. ashley: yeah. >> i appreciate people like senator manchin who have drawn the line and said, you know what? this fiscal spending has backfiredded so badly that it's created the highest inflation in 40 years, and that's strangling so many u.s. families. so i'm gratifieded that people are starting to understand and appreciate how the dots are connected and that we need to pull back on fiscal spending. ashley: you say that, at the same time the president is desperately trying to get his
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build back better plan put through, more massive government spending. and, oh, by the way, he blames the inflation issues partly on greedy corporations who he says are taking advantage of the situation and raising prices. what would your response be? >> look, i will give a little bit of credence to the fact that certain companies have raised prices beyond what they needed to raise prices. that being said, there is so much more at work here. when you give people money who have the highest propensity to spend, when you give them tons of cash, it simply generates runaway inflation. it's exactly what we've seen. it's why the stock market is down today because now the federal reserve is talking about an emergency rate hike even before march 16th. so we really have to take a hard look in the mirror and understand that there are not scapegoats. the administration needs to understand this. this is well beyond supply chain issue, well beyond corporate america trying to be greedy. this is based in fiscal folly.
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ashley: it is. and, you know, joe biden always likes to talk about he's there for the working class, the middle class, the working america, and yet they're the ones getting absolutely walloped with this runway -- runaway inflation. i just don't understand, to your point, how the dots are not being connected and how the president doesn't understand that he's hurting those people he claims to represent. >> look, this is economics 101. it is domestic policy 101. inflation is the most redepressive of all taxes. -- regressive. when you hear refreshing anecdotes about the state of new hampshire generating businesses, helping small businesses a opposed to -- as opposed to clipping them -- crippling them, you have to say to yourself if we have examples as to how we can generate top-line revenue growth for small business as the backbone of america, then we should go by those examples and not turn a blind eye to how badly fiscal policy has,s
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indeed, backfired. ashley: you know, the 10-year treasury, danielle, yield hitting 2% for the first time since 2019 over these rapidly rising inflation fears. you mentioned the ped could come in with an -- fed could come in with an emergency rate hike. is there a danger that all of this could backfire if the fed is too aggressive? could that really, you know, create some sort of a recessionary environment for the economy? >> well, i think that is certainly what is being conveyed and communicated today by the bond market. we look back to 1994, the last time there was an emergency rate hike. and, indeed, things got broken. things like orange county, california. the fed has to tread very lightly because they waited too long to tighten policy, because these are things that should have been being accomplished last year, not this year. so if you wait this long and the economy starts to peaken, then, indeed -- weaken, then, indeed, you can be overly aggressive, to
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your great point. ashley: all right. we'll have to leave it there but difficult times ahead potentially. danielle, thank you so much. great stuff, as always. >> thank you. ashley: to this story now -- thank you. russia has started ten cays -- days of massive military drills with belarus. so the question is, are these exercises a prelude to an invasion possibly? former "wall street journal" moscow bureau chief claudia roe set reacts after this. ♪ ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire black rock silver is bringing new life to a historic silver mdistrict, the second largest. in the silver state of nevada
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♪ ashley: russia and belarus beginning their largest joint military exercise near the border of ukraine. fox news correspondent lucas tomlinson is live in kyiv, ukraine, with the latest developments. lucas. >> reporter: ashley, we've just learned from the pentagon that the u.s. military's top general just spoke to his counterpart from belarus to, quote, reduce chances of miscalculation. of course, the biggest question here, ashley, is what happens when those joint military exercises end on february 20th? do the russians go home or invade ukraine? the exercises coincide with the end of the winter olympics on february 20th. earlier today nato's secretary general spoke alongside the
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british prime minister. >> this is a dangerous moment for european security. the number of russian forces is going up, the warning time for a possible attack is going down. >> reporter: russia's top general has flown to belarus to personally oversee the war games. russian fighter jets like this have begun flying combat patrols. since 1999, russia's seen nato expand closer to its border. president putin feels threatened by that. russian warships are thousand finish now in the black sea is, russia has blocked the waters offshore in anticipation of missile tests. russian amphibious ships like this are headed to crimea loaded with infantry, tanks and other units. u.s. air force announcing it's sending f-15s to poland which borders ukraine to the west to
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help wolster nato defenses. today i spoke to the former head of u.s. army-europe, he says don't expect an all-out invasion from russia a. >> what they're doing is like a boa constrictor that is continuing to squeeze ukraine, but i don't anticipate an all-out assault with these red arrows like we've been seeing pictures in newspapers, red arrows coming in from every direction simultaneously. >> reporter: general hodges believes the most likely invasion route is from the sea. ukraine's coastline, he says, is lightly defended and this is, of course, is at odds with what the pentagon briefs capitol hill on earlier. ashley: wow, lucas, thank you very much. can i bring in now independent women's forum foreign policy knell and former "wall street journal" bureau chief in moscow, claudia row set. how do you think this plays out? if is putin gearing up to
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invade, or does he have something else in mind? what are your thoughtsesome. >> we really don't know. i agree with your previous guest that i'm much concerned, actually, about southern ukraine where putin has a great interest, i think, in having a land corridor that connects him directly to crimea, which is all about the black sea fleet, which is all about access to the sea. but what is going to happen, i don't think we know. we're all guessing,s and that in itself is a very bad sign what that amounts to is putin has already pocketed a big thing, a concession, if you like, in the sense that for months now we've been sitting here wondering where is this going, what will he go -- do. the biden administration if we're waiting on putin who's not made up his mind, well, i think the united states should be making that up for him, not waiting to do something if he then goes. that's part of the big problem here. ashley: well, that's
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interesting, isn't it, because the administration if seems to believe that the threat of extreme, you know, restrictions on putin, of sanctions will be enough to deter him. do you think that's true? if -- >> no. look, there were sanctions put on -- before crimea, there were sanctions. after crimea, there were more sanctions. and, first of all, russia is very good at getting around sanctions. russia is already making arrangements with china. they came out with this joint statement last week, putin and xi jinping, basically declaring a new world order that they are making in which they will reside, and the u.s. will be the old, washed-up power. we have yet to see a reagan-like response from the white house. wouldn't that be a good thing? but we're not seeing it. and materially -- [laughter] russia is already making arrangements to deal with china, to evade, to get around us, to get around sanctions. also he knows that a sanctions erode over time. also is this threat even
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credible at this point given that president biden came into office a, one of the first things he did was say, well, forget sanctions on nord stream 2, the russian gas pipeline. it's a fait accompli. well, these threats mean really not much, and it's not even clear that the sanctions would do, if they were imposed, what president biden is saying they will. ashley: do you think putin senses weakness in president biden and is exploiting it? >> oh, yes, absolutely. that's the show. we've been watching along with the miseries inflicted and fear on ukraine since late last year. that's exactly what's going on. and serving vice president kamala harris to a security conference in munich next week must be terribly entertaining for vladimir putin. the question i keep seeing making the rounds is go to paris for more kitchen ware. this is not a politician with a
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good track record on international affairs. [laughter] vladimir putin is a tough, seasoned professional who has been dictator of russia, run rush is shah for -- russia for more than well over 20 years now, and he's looking at this flailing stuff, diplomacy out of washington. i can tell you some things we should do. president biden should back away there standing the u.s. energy industry. -- strangling the u.s. energy. let china lead on climate change, fine, they can do things now. we have great security interests. we're reopening the energy industry. that would be quite a message, both of returning sanity in america and a blow to putin's economy and the resources he needs. if president biden is going to send troops to nato, i'm sorry, 3,000 is nothing. really send troops. do it. and he should, while he's doing that, even if he does not plan to put troops in ukraine, stop saying that out loud. stop telling people we are not
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put troops in ukraine. [laughter] apparently, we're now hearing, oh, they may as well be there to help evacuate americans, if need be. we saw that in august. don't remind everybody, including putin, that that's the route we will take. [laughter] these are just some of the things that could be done as well as where is the resounding defense by the american president of an american free world order and our values. i'm not hearing it. ashley: very quickly, claudia, there is one theory that putin is waiting for the olympics to end so that his desire or perhaps intentions would overshadow the chinese government's, you know, party piece of the olympics. so we're looking at maybe after the end of to olympics. do you think there's some good reason aring there? >> i'm very worried about taiwan after the end of the olympics, and i also would worry are about ukraine. but here's the thing i would most stress. for the first time in about two
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years, vladimir putin and xi jinping had a chance to confer together physically in the same place, not relying on potentially vulnerable virtual communications. ill worry very much -- i would worry very much that part of what they might have discussed in beijing and maybe secret protocols to their agreement, sort of like the nazis and stalin in the 1930s would be the sequencing of how they distract and befuddle us in their, whatever plans they have for ukraine and taiwan. i don't think we know, certainly not publicly. there's no knowledge of what that sequencing might be, but i would be astonished if they had not discussed that. ashley: plenty to ponder and worry about. claudia, that was a terrific interview. thank you for your insight. fascinating stuff and, of course, we'll just follow it along with everyone else. thank you for joining us, we appreciate it. all right. we have a market alert for you. the dow hitting session lows. why? well, it's on news of the fed's
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bullet saying -- bullard saying he supports raising interest rates by a full percentage point by july. u.s. interest rates futures show a 60% chance now of half a point hike in march. this meeting this morning, the probability of that was just 25%, so that's doubled the chances of all of this high interest rate hype p talk has certainly hit the market. the dow, as we can see, down nearly 350 points. we'll be right back. ♪ when you're ready, come and get it. ♪ when you're ready, when you're ready -- ♪ when you're ready, come and get it ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help.
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the new ceo of peloton seeing his first all-hands meeting cut short after some of the company's laid-off employees crashed the conversation. not a great start is. susan li has more on that and some of the other top business headlines. hey, susan. >> reporter: yeah. so new ceo barry mccarthy had a virtual welcome meeting that did include the founder and now-executive chairman john foley who handed over the reins, but instead of that virtual warm welcome for the new chief, it had to enearly because according to reports irate employees flooded the chat function with pretty angry messages, and some of them using some expletives and, let's just say some nasty language. remember that peloton fired 2800 staff members to start off this week offering a one-year peloton membership as part of the severancing package, and peloton now having to close stores, cut production and killing plans for that ohio plant after forecasting slower sales. and founder john foley, of
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course, stepping ea side, apologizing for mismanagement. and it's really hard to believe that this company was worth $50 billion last summer, is and now it's worth less than $10 billion or so. i waltz want to show you uber, they just forecast some pretty disappointing sales for 2024 onwards. they're only going to make around $5 billion in sales which is actually less than what wall street had anticipated. now, as for the last three months of 2021 they actually started making money, so trying to -- that's the first time in uber's history that a they are in the green, shall we say, or in the black in terms of profit margins, first time in 14 years that uber as has made money in its history, and we know that brian haley is recovering. and finally, my favorite stock pick of the day, beijing winter olympics starring 21-year-old choa by kim winning her second straight gold in the halfpipe
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snowboarding competition, insane tricks, my jaw was just dropping. and then figure skater nathan chen taking gold is one of the most high profile events, breaking a record in the short program and proving why he's the best skater on the planet. congratulations to both of those superstar is the. and tonight one more, shawn white is in his last olympics going for the gold. ashley: a let's hope we can do it. what a way to sign out. susan, thank you very much. want to talk about real estate now. signs that the property party might be slowing down. record supply just as a regard number of americans say there's -- joining me now is flip or flop host tarek al moussa. supply is going up, we're told, while demand is going down which means prices should be coming
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down, right? >> i think it's a very premature to say that. right now we have a major lack of inventory, and we have a huge amount of demand. and, you know, i'm buying and selling houses every day all over the country, and they're flying off the shelves. i'm not quite sure where these statistics are coming from. ashley: a well, it's funny because a survey said that the people were asked is this a good time to buy, just 25% said yes. prices are still pretty high on homes, especially first-time home buyers can't get the down payment. rents are up 14% which eats into any if possible down payment. so -- and let's not forget mortgage rates are going with up. so you throw this all in the pot and stir it around, that is where the problem lies. >> yeah, but there's not really a problem because we don't have a huge increase in inventory. if you look around communities at what's for sale, there's literally nothing. we have the lowest supply of available housing that we've
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seen in probably decades. so although the rates are going up, although demand might be dropping a little bit, we have no supply, so we're still getting multiple offers on properties, and we're going into the spring rain summer, i think we're going to have a strong market. ashley: where do you do your business? is it all over the country? if is there one area that's hotter than others? >> primarily, obviously, i'm in california, north carolina, oklahoma, arizona a, texas, and we're looking to expand all across the country with my company, tarek buys houses. ashley: and you able to flip 'em in quick time. >> yeah. in january i believe we did 28 or 29 purchased transactions so, you know, you've got to work hard to find the inventory, and once you find it, it is flying off the shelves regardless of whether interest rates have gone up, we have no supply. if someone wants a house, there's a lot of competition. ashley: how good's your profit
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margin? >> they're going pretty well right now. i can't complain. it's a rough time to be a buyer right now, but it's a great time to be a seller. ashley: all right. we'll have to leave it there, but i actually feel better about the property market now i've spoken to you, so thank you so much. appreciate your time. >> you got it. ashley: all right. some breaking news right now on that a trucker protest impacting work at auto plants. grady trimble has the new details. >> reporter: hey, ash. so far we've confirmed that ford and general motors are being impacted by this trucker convoy. just got an update from general motors a seconding ago that says their lansing delta township assembly canceled its second shift yesterday and first shift today due to parts shortages as a result of that convoy. that is where they produce the buick enclave and the chevy traverse. also heard from ford that
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they're running plants in oakville and windsor at reduced capacity. the oakville facility makes the edge and the naught if plus, and that windsor facility is an engine plant. ford says in a statement to fox business, this interruption on the detroit/windsor bridge hurts customers if, autoworkers, suppliers, communities and companies on both sides of the border that are already two years into parts shortages resulting from the global semiconductor issue, covid and more. we hope this situation is resolved quickly because it could have widespread impact on all automakers in the u.s. and canada. so, ashley, there you heard it from ford and general motors that they're already meal thing -- feeling the impact of this. if this continues for the next several days, there could be even more far-reaching impacts. there are also reports that city land dis, formerly fiat chrysler, is having to shut down certain shifts at their assembly plants as a result of the
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blockade as well. ashley: all right, grady, great stuff. thanks for that update on the impact of the trucker protest. thank you. growing calls to increase access to life-saving covid drugs. we're going to have the details on that story when we come back. ♪ ♪ need. isn't that right limu? limu? sorry, one sec. doug blows a whistle. [a vulture squawks.] oh boy. only pay for what you need. ♪liberty, liberty, liberty, liberty♪ every year we try to exercise more, to be more social, to just relax. and eating healthy every single meal? if only it was this easy for us.
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ashley: as covid vaccines are currently available for all a, there are growing questions about why life-saving antivirals remain, well, out of reach for most americans. fox news correspondentville january turner has the details on that story from washington d.c. gillian. >> reporter: good afternoon, ashley. paxlovid has been so effective, some are hailing it as a covid cure. it has been proven in trials to reduce hospitalization and deaths for all americans, but since the fda authorized emergency use last december, practitioners are reporting it has been in critically short
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supply. the fda excluded pharmacists from prescribing antivirals which means pretty much the stars have to align in order for patients to get their hands on the drug. listen. >> the antivirals are so limited right now in terms of supply, only certain locations carry them. and so there has to be a matchup of the prescriber knowing where to send the prescription or the patient knowing where to take the prescription. >> reporter: comply complicating matters, there is a time constraint. antivirals can only work if they're taken within five days of the onset of symptom. fox news has been told they've allocated 355,000 courses to states for free, and they have mans to allocate on -- an additional 100,000 through the course of the month. they anticipate delivering 10 million courses by june. doctors though who have to treat covid patients every day say that is nowhere near sufficient.
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>> the biden administration let their guard down. they didn't have the kind of public-private partnership this place they needed to quickly scale up production or to have production in advance. >> reporter: there's just one other antiviral that is approved for emergency use right now by the fda, it's called mall mall knew peer veer, by it has become the last choice. ashley? ashley: interesting stuff. gillian, thank you very much. when we come back, why small businesses are turning to my next guest to recover from pandemic losses. stick around, we'll have that story. ♪ don't you forget about me. ♪ don't, don't, don't, don't -- ♪ don't you forget about me ♪♪
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ashley. disney investors may get a happily ever after. the big winners were streaming and theme parks. we saw soaring inflation today, but that's not stopping disney visitors. record parks profit. revenue doubled, operating results jumped to 2.5 billion compared to a loss of 100 million in the same quarter last year, all of this while still under capacity restrictions. demand is soaring even with significant increases in ticket and food prices. that'll be critical for disney to continue monetizing brands and characters. they blew past expectations adding nearly 12 million disney plus subscriber, that's putting the pressure on netflix. sure, they have them beat overall a, but disney plus is how much younger. subs don't tell the whole story, it's an attar officially inflated number with so many free trials, instead the focus should be on path to profitability. and, in fact, disney admitted higher losses this quarter.
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finally, highlighting espn and sports betting as a core come responsibly. -- component. it could improve their engagement with the adult male demo. they've struggled with that segment into an otherwise interconnected strategy. it was a cash cow before the cable bundle took a nose dive, so sports league partnerships will be crucial for that. so big risks but that metaverse investment, and i do have concerns they may weaken the marvel and "star wars" brands a bit, but who doesn't love baby da, ashley? [laughter] ashley: well, yea, that a very good question. kelly, thank you so much. stuart varney, i'm not so sure. [laughter] quick market check before we go. the dow down another 75 points in just the last 10 minutes or so. markets dropping on comments from st. louis fed if president james bullard about rate hikes, certainly giving some investors a reason to run for the exits.
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more cavuto to coast when we come back. ♪ ♪ ♪ ♪ learning is hard work. hard work requires character. learning begins in faith. it must move upwards toward the highest thing, unseen at the beginning - god. and freedom is essential to learning. its principles must be studied and defended. learning, character, faith, and freedom: these are the inseparable purposes of hillsdale college.
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hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. ♪. ashley: as the great reopening continues my next guest is
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serving as a lifeline for restaurants and small businesses by providing them with a marketplace to sell their products online coast to coast. let's bring in gold belly ceo, i love that name, gold belly ceo joe aria. thanks for joining us. what makes your site different from many others? >> we are the first national platform for foodie commerce. so we empower the best local restaurants all across the country to ship nationwide. for consumers, obviously to get your favorite foods from any city, any town across the country is pretty exciting and creates a lot of magical moments for consumers. ashley: how do you do that with shipping so hard in the trucking industry these days? how much of a challenge has that been? >> certainly it is a challenge. in some ways it is part of our
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moat. not only is it hard to get things from place to place, we're talking about perishable food. so a big part of our magic is walking with food makers figuring out the best way to recreate their dishes, best way to package it to get to people in very short amounts of time. so it is a truly magical food experience. ashley: how many businesses do you have? have you been able to grow the number of businesses using your service? >> yeah. so the last few years has certainly been transformational i think for the restaurant industry but now we work with 1000 restaurants and small food makers all across the country. ashley: wow. >> food makers in every city, every state all across the country and no matter where you are across the country you can order the food. that really crystallizes what makes us different than any other restaurant platform in history. ashley: a lot of people who
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never used the internet to order food, it became a way of life for them during the pandemic. is there concern once we begin this big reopening, we get back to normal whatever that is, that the amount of people actually going online to order food will start to drop? do you think that's true or not? >> we've already seen some transitions in the market but to be clear our view for the future and most folks in the restaurant industry agree that the future of the restaurant industry is omni channel and what that means as it relates to us. if you are a restaurant and you have fans and followers that don't live in your neighborhood as a business you should reach them. in this internet generation where you know convenience is really important, we feel like we sit right at the cross-section between convenience and experience. and so i think, you know, a big part of the restaurant industry
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going forward is reaching customers wherever they are. ashley: we wish you the best of luck. thanks for telling us all about it and, it is indeed a lifeline for those businesses trying to stay afloat. joe, thank you very much. we do appreciate it. 10 seconds left to go here. quick market check for you. the dow is off nearly 400 points thanks to a certain mr. bullard talking about rate hikes. i'm out of time. charles payne, my good friend. it us all ours. charles: thank you very much, ashley, good to see you. good afternoon, everyone, i'm charles payne this is making money. it is back with a vengance, gobbling everything in its path, inflation at a 40-year high. everyone wants to know how much longer will it last? hedge funds building massive short positions. why this could actually be good news. she is back, known as barbie the toast of the toy world that engi
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