♪ from the fox studios in new york city this is maria's wall street. >> will come to the program analyzes the week that was an helps position you for the week ahead. i am jackie deangelis in for maria. inflation surging for a 40 year high as president biden's approval ratings false when all time low. former raymond james on where things go from here. plus more russian troops amassing at the ukrainian border. nato secretary-general said the warning sign for russian

attack is shrinking no plans from the white house to evacuate americans if drawing comparisons now to the botched withdrawal in afghanistan. and, canadian truckers protesting backseat mandates are blocking a major bridge from ontario to detroit also blocking crucial auto parts from getting to u.s. manufacturers. gm, ford, toyota forced to cut shifts i am speaking with michigan congressman foreign affairs member peter meijer about all of this. and a one -- two punch hitting stores and their customers the owner jon on high inflation and rising crime in his stores. but first let's take a look back at some the top news makers on mornings with maria and this edition of the week stalkers. they are completely reliant on the gas coming out of

rationale. >> we used to joke that germany seems to be acting more like east of germany. the decisions they were making with regard to their energy needs were so dependent on russia that it really made no sense. >> how tough is it to do all this the united states? we keep hearing so many intergroup products are made outside of the country. >> it is very tough. they find many ways to gate and cheat if you look at the surface of chinese imports they look small but they come in and products made of steel. that is how they circumvent the duties. >> they say chinese or transferring the company's technology to beijing piglets with scarier if you fast-forward from 2000 to 2022, used to be everything they did was about copying us. what is scarier to me is the gotten quite innovating in these areas the not like taking our ip their trading millions of very talented engineers.

jackie: let's look at how markets are ending their work week ill be of new data hitting inflation had a 40 are high. analytics said this is causing average households $276 more every month joining me now lane and generational and managing partner and former raymond james vice chairman, fred elaine paid good to see you. inflation year-over-year up seven and half percent. the fed has owned up to the fact it is not transitory but the administration said it supposed to get better and it is not, your thoughts? >> if you are the administration you certainly do not want to confront people with the reality that this is likely to be a persistent problem. and i think the inflation numbers clearly are accelerating. grocery store prices are up more than 7.5% of think they're up in the mid- nines. and despite wage increases for the average hourly worker which are running about 6%

plus, real spending power has declined. this $2,503,000 burden for family, it really hits the lower wage earners most sharply. we are talking about basic search on my gasoline, were talking about food, were talking about heating your house. it is pretty absurd in a way when you think about it, a year ago legislation was put in regulations were put in to stop additional drilling of federal lands. and then we have the esp impact on investment and fossil fuels. so basically if shutdown fossil fuel production or growth of fossil fuel production despite the fact or in an environment where we have increasing demand and declining supplies. in massachusetts we are importing natural gas from russia. which makes absolutely no sense. and this is all inflationary. and so i would say, you step

back the supply chain was clearly problems coming from covid were be on the control of any administration, we get that. we also get that the fed increases balance sheet by a 428 trillion plus. in an effort to stabilize capitol markets, this being largely in 2020. so all of that i think is been fairly positive. however the stimulus i think was overdone. and we are now seeing demand deposits in lower income families are now declining. so i think we have basically encourage people to defer getting jobs and they are coming back in the job market which is a very fortunate thing. jackie: that will be positive let me ask you this for you mention energy prices we are showing inflation year-over-year, 40% to comes energy. 40% when it comes to used cars.

10% when it comes your electricity costs. how long our families, we have the estimate of $276 extra every month. how long are they going to be able to sustain this? >> well, i think they will sustain it by putting more of their expenditures on credit cards. they will extend their credit cards credit cards will increase. i think the federal government will be under pressure to use provide stimulus problems to which they contributed. the energy crisis years unnecessary were the largest energy producer it makes no sense. so i think we have to have additional stimulus. for those who worry about the national debt worry about the amount of our deficit the only thing i can say is we are also playing in a world where most organizations have done exactly what we have done they are behind us in terms of

reducing in the uk finally come around which is good. jackie: let me ask this if i may speaking of easing and trying to raise rates the administration is pointed the finger at the fed the fed indicated it will raise interest rates. we are thinking maybe three, four rate hikes this year as americans consumers are struggling with inflation those rate hikes are taking place for it not going to cure the entire problem. how did they all impact the economy? >> i think the rate hikes, first it's kind of interesting. think the fed in general has barked a lot more bentley the balance sheet is increasing still slightly. they're starting to unwind the balance sheet that's really a rate back to back lending in

the cost of money. frankly the banks are not actively lending the parade this not a tremendous amount of loan demand there's a tremendous liquidity in the markets. i don't think the real impact will be significant. >> is lot of variables right now we have a lot to watch is 2022 plays out. fred lane we so appreciate your insight we will have you back on to check in, thank you. >> 's great thank you so much jackie. jackie: support for the freedom of hope canadian truckers is now being tested as crucial supplies are blocked from entering the united states. major american automakers been forced to cut back production. michigan congressman peter meijer on this. and we are seeing the makings of another botched withdrawal, is this time in ukraine with the white house as it is no official plans to evacuate americans if russia invades. and the threat is growing.

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become an agent of innovation with invesco qqq >> what happened to americans if they do get stranded in ukraine? >> a people should understand the united states does not typically do mass evacuations. but we are encouraging american citizen to do is to depart now, obviously. >> is more russian troops gathered of the border of ukraine, press secretary jen psaki urging americans to leave now and don't expect the military to help get you out later. this leading many critics to draw parallels between this and what happened in the afghanistan withdrawal, congressman peter meijer was on the ground in kabul during the evacuation crisis but he also sits on the house foreign

affairs committee. congressman, do you have confidence in the biden administration's handling of the situation in ukraine? many are making those parallels to what happened in afghanistan. they say it was completely botched. >> simply put i do not have confidence they're doing everything they can to make sure we are tearing further aggression from vladimir putin from the forces that are already just south of ukraine. the so-called training exercise for they will give them some grudging credit they are being far more explicit about the risks if you recall in afghanistan, up until essentially the fall of kabul they still said the government would last for several more months. and so they are being much more upfront about the very real dangers here than they were in afghanistan. >> there's one school of thought that essentially says this is an administration that is sitting on his heels appears waiting for the invasion to happen before it takes action paid right now

could be imposing sanctions for it could be getting far more serious with russia to prevent innovation yet it is not. your thoughts on the strategy, what's happening at the white house right now? >> this is a white house it's always been hampered for the past year by just letting the perfect process and bureaucracy get in the way of actually focusing on what the mission and objective is. right now the objective is to make sure we are monitoring what is going on pretty we are aware of the tripwires and we were not taken by surprise and that all failed part in ukraine the goal should be to ensure vladimir putin to know there will be severe consequences to be very clear nobody wants the united states and military to be engaged in active conflict with russia over ukraine. but we have other assets and other tools at our disposal to make sure he understands the severity of the provocation he is already undertaken. and also the consequences that would occur if there was a legitimate military action here.

>> congressman, thank you for that. i want to switch gears for a moment you are from michigan. and of course there's the miles along the lines of canadian truckers protesting the vaccine mandate. it's partially blocking a crucial bridge from ottawa to detroit making it very difficult to get auto parts to manufacturers. gm, ford, toyota now forced to scale back production heard there is a big support in parts of this country for the truckers and their cause but want to know what your constituents now are saying what it is hurting one of michigan's main industries? >> i think our hearts go out to the challenges that a lot of the truckers have been under. if you think for the past two years she's had the class of workers and it had to wake up every day, leave their house to go to actual work put on their pajamas and go into zoom. those essential workers are being put under the thumb by a lot of these mandates.

i think that frustration is real. the same time we rely on the bridges to support our local auto industry we have a part moving back and forth across that bridge perhaps several times in a week. not just impact to the automotive companies in the detroit area but also impacted west michigan that in the supply chain. they are terrified. you also have nurses who use that border to go back and forth to the jobs. i'm deeply concerned with this brave b. the recognizing reality, bringing back -- bring down mandates. taking down areas of concern for some de-escalation general before anything is out of hand. jackie: we will be watching sure others are hoping that as

well. thank you so much for your time, sir. >> thank you. jackie: grocery stores and only thing with higher inflation, higher wages and empty shelves, now a surge in crime is forcing stores to take matters into their own hands. i am talking about all of this the owner of the grocery chain, what he is doing to stop shoplifters, and next. >> people have to feel safe walking around. our politicians have to be able to put their foot down. who do we care about eight and as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need.

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forcing owner and ceo jon to hire private security to protect staff and customers. joins me now, jon this is a problem in new york city. and it seems to be getting worse before it gets better. what exactly are you witnessing in your stores and doing to try to combat it as a business owner? >> well, shoplifting has increased over 50% over the last 12 months. especially the last three months. it is time to put our foot down and say enough is enough. the culture that is going on, we have eight and a half a million citizens in the five boroughs of new york city. we have 3000 criminals. if we took those 3000 criminals off the streets of new york, guess what? it would be a safer place to be. someone has to tell our politicians here's the scoreboard. eight and a half million law-abiding citizens or at 3000 criminals?

who do you want to support? the same thing with our politicians. as far as our stores are concerned we are tough, we have been around forever by the company has been around for over 100 years. i've been running this company for 52 years. and we have survived. everyone else has gone bankrupt. the tough survive. or hiring an effects of police officers, retired police officers and security guards that we are going to fight. we are going to fight new york state and we are fighting for our customers and we are fighting for our employees to keep them safe. and to all the politicians out that they've got to know common sense and democrats and common sense republicans have to get together and demand, demand that our city has to be safe. who do you want to pick? the 3000 criminals are the eight half million law-abiding citizens?

jackie: i hear you this is difficult certainly in the interim the burden is falling on you. we applaud you for stepping up to protect the customers and/or employees. eric adams is come into office saying he's going to be tough on crime. but he cannot do it alone you got the d.a. alvin bragg. patient pressure has been put on him he seems to be reversing course. but he needs to change courses in a major way. >> let me tell you, alvin bragg, the new york city partnership put a lot of pressure on him she represents 200 companies in new york city. i know there's pressure all over the place. she has to learn. wins for governor in november, then guess what she has a right to remove him for it but i'm not sure he's going to remove him and tell them. he has to make sure he does his job. i am not against him.

they have got to do their job and keep the citizens of new york city safe. that's what it is. jackie: absently, i walk around everyday jon look at the city what has happened after covid over the course of the last two years and i say to myself, until the streets are safe we are not going to open up in earnest. i want to switch gears though with you for a moment, we are also seeing a record inflation, right? food prices overall surging 7% lesser beef, bacon, chicken, ham they're all up in the double digits. goldman sach's is predicting will see another increase of five -- 6% this year. our food prices we saw the core inflation number year-over-year at 7.5%. how does this impact the consumer? >> you have not seen anything yet. was going to happen is the price it at you see at the gas pump, the price you see in the supermarkets right now, that is based on 80-dollar oil that

was for five days ago. right now we are paying russia and opec $92 a barrel. guess what, you are going to see a whole new round of price increases in february and march. to reflect the $92 oil. and if oil goes to $100 you're going to see it again. goldman sach's is wrong it's not going to be 7% for the year of a 7% over the next 90 days. jackie: the inflation problem has been issued for so many americans costing them in their budgets, wages are going up just a little bit, jon but not enough to make up for the inflation that we are seeing paid final point, final question i want to leave it here with you. how much longer do you think this is going to go on before this administration realizes that it's a policies and spending that is contributed to this problem? >> all they have to do --

mcguire we paying russia $90 a barrel? why are we paying opec $90 a barrel of pollutants stirs the pot in ukraine, that's all it's going to take to put up to 100 -- 110. all we have to do our neighbor canada, alaska has 100 years worth of oil. if we opened up the pipelines and open up the situation oil be go down 30%. jackie: were the world's largest producer under donald trump we had achieved energy independence. he was making opec cut production. it's really remarkable and it has all been reversed. my thanks use or, great to see you. >> thank you so much for >> thank you so much for getting the ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪

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catcher 10:00 a.m. sunday morning on the fox news channel for sunday morning futures. she's got exclusive interviews with ohio congressman mark hunter mike turner lieutenant governor, kansas senator roger marshall and georgia gubernatorial candidate david perdue. plus, start smart every weekday from 6:00 a.m. -- 90m with mornings with maria right here on foxbusiness. that will do it for us, thanks for watching and have a great weekend. ♪ ♪ ♪ ♪ ♪ ♪. gerry: hello this week on the walls or journal at large, let it go more blue state leaders are lifting covid restrictions. clearly too late to head off the popular revolt against policy? an uprising against authority and of all places, canada. canadian trucker shut down the nation's capitol in protest of a vaccine mandates. could the u.s. be next?