. >> treasury secretary janet yellen discusses the biden administration economic agenda.ks were delivered when she was awarded the leadership excellence award. this is just over 50 minutes. >> now it is with great honor that we present this year's leadership excellence award to a visionary leader whose impact transcends industries, whose commitment has reshaped the world. janet yellen is synonymous with economic thought, public service and stability embodying leadership excellence. through her career janet made her mark as a globally respected thought leaderí■i and practitior of policy and she has done this the highest integrity, purpose and kindness. i cannot help but mention as we heard janet is a born and raised new yorker. another fact was in a harbinger of her career she attended fort hamilton high school, making her the treasury secretary. her accomplishments are legendary and you went through them so i will not. but i will mention within the fed she has held every role that exists. the president of thshe was a boe chair and chair. given your resume we can say janet

ashley: with all due respect to janet yellen, the answer is drug detection units, your comments, andsman. >> "the bottom line" the number of fentanyl deaths reached its high on their biden administration into continues to be high, they're seizing more drugs because the cartel is trying to get more drugs across the u.s. border and apparently there being successful and still getting drugs across the border poisoning tens of thousands of american because are border is wide open. >> it certainly is and has been for some time how big of an issue when you talk to your constituents is it very much high on the list of things that need to be addressed. >> and my district rachel morin rape and murder it is very, very high on their list in the economy continues to be high but as we see the horrible vicious crimes done by people who doubled longer this country there are a lot of people who agree with president trump when he takes office and we have to start the largest deportation ever in american history because we have the largest flow of illegals under this president, president biden ever in

and tomorrow, janet yellen will say for the first time that us officials are working with the privatepublic sector to figure out how ai can be used to address a sanctions evasion money-laundering, and even terrifying it. >> would you like to know what janet yellen entered into the chat bot? >> i would think she put in there that would be fascinating. alright, matty and great to see this break. thank you. thank you, john much. >> or this wanted to white house is accusing house republicans and making false claims about president bind to stoke new concern about his age to voters and then persistent insignificant the new warnings from the fbi director on the threat of domestic terrorism this cnn business update is brought to you by e trade for morgan stanley trade commission free today with no account minimums so this is pickleball is basically tenants for babies before adults, it should be called wishful tennis club on them like a pea we got nothing to worry about with e-trade for morgan stanley were ready for whatever gets served up doing, you got to working chest. i'd rather work on sa

secretary yellen, thank you so much for being here. let's start with that -- this program.t actually selling the russian assets and giving the money to ukraine. you're using the proceeds. explain how this works. >> well, right after russia's brutal invasion of ukraine the united states and our global coalition partners decided to freeze, to impound russian sovereign assets in our jurisdiction, and that amounted to around $280 billion, and of that, the vast majority around $200 billion are sitting in a belgian financial institution where they're generating income that does not belong to russia and had been accruing to that institution, and we have agreed -- the g7 and our partners have agreed to tap the value of that stream to provide a $50 billion loan to ukraine that will be paid from those so-called windfall profits that are accruing in this financial institution. we're really building on work that europe did earlier to make sure that the flow, around $3 billion to $5 billion a year went to ukraine, but we're bringing that forward by making a loan that will be repaid over

for nonetheless, yellen's husband is among those predicting that a trump inflation ball, it will happendeporting immigrants robert taken on in your thoughts. robert will listen, we need complete border security and i think that it was incredibly disappointing that we did not pass the bipartisan order and immigration package that senator langford an incredible conservative from oklahoma, fourth and listen, it is ridiculous that people like lindsey graham would not support that and as for the gang of eight rubio was for the gang of eight and we need comprehensive immigration reform and that would have brought more for the security more enforcement, and with respect come into the noble economists you know and i am not a noble economist and here's what i would say i absolutely think of president trump's idea 100 percent harris is absolutely absurd anything protection that is never a good thing. and i think should let the market dictate pricing. so from that perspective, i know that i would say that willie is talked about it i if you have been as involved that administration i don't think wi

so, i hope i can outlive my money. >> lawrence: what would you tell janet yellen, ma'am?e grocery store. please -- go herself. don't have her people go. but go herself. >> lawrence: such a good point. well, if we're talking with people, how many people grocery prices have gone up for them? [cheers and applause] just not the people we talk to byi. apparently the secretary is not going to the grocery store back to you. >> brian: cnn has to bring that up tonight, inflation. they will say it was baked in already. nothing to do with my plans and i got to go -- program got it going in the right direction. we will see how that plays out because trump certainly has an answer for that thanks, lawrence. back with you in a moment. "fox & friends" exclusive series continues talking to trump's v.p. contenders the finalists and the people who know them best. tim scott and his fiancee are next. >> he is devoted to his lord and savior. he's devoted to his family. is he devoted to his country. ♪ things can transform. slipping out of balance into freefall. i'm glad i found stability amidst

it's by janet yellen, by the biden administration.rying to get involved with the federal reserve, meanwhile it's been actions like what treasury secretary janet yellen is doing, joe biden said we're going to have a cut, i'm sure we're going to have a cut as if he discussed it with jay powell. who is really affecting the fed? it's the biden administration. >> maria, if we can go back to the original -- the original send, the original politicization of the fed was 2021 jay powell's appointment was the latest this century, that's when the inflation took off. it was very clear in his jackson hole speech in august 2021, he knew i'mflation was heating up -- inflation was heating up but the biden people kept him under their thumb until november with the latest appointment this century, that was the original sin that set off this bidenflation. maria: he started saying transitory over and over again because he had lael brainard at his heels wanting the job. little politics going on there as well. >> what's driving me crazy now is they're tryin

janet yellen and jesse watterslw . so much taste.see you later.a coul >>d how the cia could help biden tomorrow. >> start your day with nature. meet the number one pharmacist recommended vitamin and supplementercial a brand progressive makes it easy to save with a quick commercial auto quote online so you can get back to your monster to do list. really get a quote at aggressive commercial .com if you know luxury it's not just award winning it's rewarding side by mattresses supports all types of sleepers with durable steel coils and plush organic cotton luxurious handcrafted in american factories and brought directly to you with our free in-home white glove delivery service, which is why over 90% of customers would recommend saatva to friends and family. >> saatva luxury mattresses made affordable went te our daur by herself. so we went to go see it. she knew exactly how she wanted >>le but then you pointed outhn the gutters. the gutters. you think you've raiseology the right and then she didn't know you have to call leaf filter is su

pete: is and that's why janet yellen can't admit it. >> but they shouldn't talk about it then. if she's going to stay it's not sticker shock and it's not for her, don't sit there and gaslight the american public that is seeing and feeling it. it really hurts people's budges, and they don't want to hear you say it's not a problem or it's not happening. pete: exactly right. catch more of jackie and her cohorts on "the big money show "every day at 1:00, fox business. >>> as kids are constantly on their phones in class, pennsylvania is looking to lock them away during the school day for their own good. we'll talk to one of the lawmakers who's making it happen. that's coming up. ♪ and then i saw her face, i'm a believer ♪ while i am a paid actor, and this is not a real company, there is no way to fake how upwork can help your business. upwork is half the cost of our old recruiter and they have top-tier talent and everything from pr to project management because this is how we work now. i was on a work trip when the pulmonary embolism happene

yellen scares me. back. she is not a pure capitalist and i'm trying to be kind this morning. it is friday morning. >> bill: kindness here we go. president biden's budget proposal. raise the corporate tax rate to 28%. a lot of ideas. special tax subsidy for crypto currency. trump is saying slash the corporate tax rate to 20. exempt tips from income taxes and then make the expiring estate tax cuts from 2017 permanent. what do you like? what's -- >> i think it is all pro-growth right there. >> bill: number one or two? >> number two. hiking corporate tax rates is nuts. there has been a sort of quote, unquote, race to the bottom. not just america but all around developing countries have been trying to lower their corporate tax rates to be more competitive in a global economy. you kind of think about right now all the innovation. all the amazing growth. think about the percentage of all the world's stock markets how much is the united states and the rest of the world? 70% now. it's everything is here. if you

. >> treasury secretary janet yellen discusses the biden administration economic agenda.emarks were delivered when she was awarded the leadership excellence award. this is just over 50 minutes. >> now it is with great honor that we present this year's leadership excellence award to a visionary leader whose impact transcends industries, whose commitment has reshaped the world. janet yellen is synonymous with economic thought, public service and stability embodying leadership excellence. through her career janet made her mark as a globally respected thought leaderí■i and practitior of policy and she has done this the highest integrity, purpose and kindness. i cannot help but mention as we heard janet is a born and raised new yorker. another fact was in a harbinger of her career she attended fort hamilton high school, making her the treasury secretary. her accomplishments are legendary and you went through them so i will not. but i will mention within the fed she has held every role that exists. the president of thshe was a boe chair and chair. given your resume we can say j

we have janet yellen a little bit later. as a former fed head she doesn't like to comment on the fed itself, as you know. >> i don't know if i would ask her about the fed. it would be interesting to see if she talks about it but fed treasury secretaries don't usually talk about it. i was interested in what she was saying how sustainable the deficit was over a period of time and i'm sure you are thinking and as treasury secretary she's sat there and presided over a pretty meterik rise over deficit. >> a fair and good question. steve, thank you talk to you in just a little bit. >> sure. >>> when we come back, don't miss our exclusive interview with thereby secretary janet yellen come up at 7:30 eastern time "squawk box" returns after this. consider ders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, yo

joe biden's millionaire treasury secretary janet yellen has no clue how joe biden's economic policieseck out her shockingly tone-deaf answer whe have you be grocery store lately? it sticker shock, isn't it? >> i think largely cost increases including labor cost increases that firms, grocery firms have experienced, although there may be some increases in margins. >> judge jeanine: and while yellen can't answer basic questions, the media has a new 51 former intelligence official-style phony narrative to sway the election this year axios' pumping out this garbage headline that reads "16 nobel economist ca trump trump inflation bomb." wow. i've got to tell you, jesse, 16. does that like equal 51 and a different year? >> jesse: what are the chances the 16 may be donated to biden before? i think there is a pretty good chance of that. this is what they do before the debate. you said it also earlier with the dhs secretary, they are going to make an announcement, biden is going to sign it, and cnn is going to not fact-check stores next to janet yellen's house to ask if they have ever seen her

treasury secretary janet yellen announced new sanctions today against eight members of a mexican drugrt of the biden administration's broader push to address the ongoing opioid crisis. the group is notorious for manufacturing and distributing fentanyl, as well as other illegal drugs. speaking in georgia today, yellen said the treasury department is treating the cartel like it would a business -- freezing its members' assets and cutting them off financially. sec. yellen: they rely on access to banking systems and to the us dollar to make payroll and finance purchases. and this means the treasury department has a unique ability to disrupt and degrade their operations. stephanie: at that same appearance secretary yellen defended president biden's tariffs on chinese goods, including electric vehicles and semiconductors. and she criticized former president trump's tariff proposals as being too broad, saying they would hurt american consumers and businesses. and, actor donald sutherland has died. jeffrey brown has more on the career of one of the industry's most versatile actors. correspond

be does joe biden take approach of saying, america, i understand your pain or perspective of janet yellen and dismiss concern or mayorkas and deny. he will never admit he's the blame. i don't think he needs to do that, he needs to relate to the american people and say, i understand. >> steve: you mentioned janet yellen, secretary of treasury who said i'm not surprised by grocery prices, we were talking about list of 16 nobel economists who has written a letter saying donald trump will cause near inflation, one person donated as much as he could, turns out it is janet yellen's husband signed the letter. it will be interesting to hear how they depict how inflation is impacting everybody. a little while ago, a guy said we don't have bacon, lettuce and tomato, we have lettuce and tomato, bacon is too expensive. people don't have 401 k's, they have 201 k's. >> ainsley: democrats get a big group, donors to joe biden, donors to other democrats, supporting the democratic party and find economists, 16 of them. there are hundreds of thousands, they found 16, slapped their name on the letter, we don

because, thomas hoenig i want your take what is going on at treasury you see, janet yellen, sell doingny feel keeping long-term interest rates low as a way to goose economy going into the election. >> i think there is a -- there is a story this i think also fed, remember now they backed off qnt not long ago not letting as much debt roll off renewing that, that keeps, downward keeps rates from rising especially longer end 10-year, and i think there is a desire to keep the rates from rising too quickly, behind that maria, so, you know, i know a lot of discussion about it, and they say banking industry is very strong. but the banking industry is also vulnerable, it has gone through a big shock from basically almost zero interest rates, to 5% very short are period of time, assets under pressure, if you let long end go up higher you have commercial real estate more downward pressure they have to be careful how quickly they get that yield curve swing up into a more normal position i think may be behind some of their tactics if you will on the kent. maria: . >> thomas mentioned real estate th

secretary yellen has been to china multiple times. she was just there in april.ontext, we agreed to work on money laundering. we have to follow the money and the money generates operating capital for this type of criminal activity, as well as tells us how to identify these networks of bad actors who are participating in this. caitriona: a lot of these policies are by using sanctions as a foreign policy tool. are we likely to see a further round of sanctions against russia? are they effective? we have seen russia making new partnerships with china, with north korea. brian: we think our economic sanctions are incredibly effective, and indeed, a lot of the time, my job is trying to figure out how to make them as effective as possible. with respect to russia, we are focused on restricting their capacity to generate revenue in support of this horrible war in ukraine, as well as getting after the things they need for the battlefield. all of the components that a lot of which they have to get from places like china, because a lot of those components move through china,

and then we'll make janet yellen do dirty jobs . todd from cape may, new jersey mike rowe should do a dirty jobshe sho from the white house. what do you think is the dirtiest job? . probably cleaning up whatever room hunter was in. stanleaning upy from charlestone virginia. i thought you should know that yellen's husband, one of the 16 economists who signed off on the inflationt he letter, biden, will quote during the debate. i hopeflation r that b trump isw >> and he brings that up. dave from stoke stalatch e, north carolina if my caucus is going to support a bald head, he should get some snow on it. at least make it look like you're at the border. >> you know, you get more tan with suntan lotion. i foun you ged. that's all for tonight. sean hannity is next. dvthat's a tr primetime and alws remember i'm waters. >> this is my world. alert and welcome to hannity. this is a fox news alert. we are 24 hours away fromrs a the cnn presidential debate betweewan. donald trump and joe biden, which will be simulcast right here on the fomp and

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thank you very much indeed, listen to what janet yellen had to say about trump's idea to raise tariffsariffs well over 100% and it would make life unaffordable for working-class americans. >> thank you. stuart: stephen moore is an economist and he's with us now, what do you think of the idea of raise tariffs and cut income taxes will it work? >> great to be with you i asked president trump on thursday about the no tax on tipping and right before he spoke on the business roundtable and i said where did you get the idea mr. president and he said a waitress told me about it. >> i said that the way to get a good policy idea and i love that one. on the issue of the imports this is a perfect example of where the left takes trump's literally and not seriously most of us are concerned and take us seriously literally he wasn't going to completely eliminate the income tax he meant to say with the tariff revenue that we bring in heavy does a 10% across-the-board tariff we could use some of the money to reduce income taxes you could maybe reduce and probably get rid of the entire gift and estate t

el anuncio de yellen lo hizo en su visita a minnesota, donde se reunió con funcionarios de vivienda paraención porque el departamento de salud pública de california le está advirtiendo a la población que no consuma barras, conos y gomitas de chocolate de la marca diamond shrooms son estos productos que tienen pantalla y la razón es que contienen una serie de hongos comestibles que han sido relacionados con casos de intoxicación en 16 estados. algunos de los síntomas que se presentan son convulsiones, desmayos, náuseas, vómitos y más. y el departamento de seguros de california suspendió permanentemente las operaciones de la compañía y le impuso una multa de 10.000 $ tras descubrir que estaba vendiendo ilegalmente servicios de seguro médico a miles de californianos. la investigación comenzó en 2021, cuando personas reportaron problemas con la cobertura por problemas médicos. luego s rminó e la compañía no tenía licencia ni autorización para operar de esta forma. en el estado. vámonos ahora al valle central, en donde arrestan a una madre por presuntamente dejar a su bebé al interior de su c

maria: there's also an argument that janet yellen in this administration are boosting the numbers going. i know in an election year the income that is good to do what they could do to make the economy look better but when you look at the way the treasury is setting up the options and selling short term as opposed to long-term with the effort to keep interest-rate lower or perhaps of the strategic petroleum reserve to ensure that gasoline prices stay lower, do you see any issues in terms of the way that the handling things and manipulating the academy? >> absolutely, you can really trust the numbers. if you look at the fed they made such massive mistakes, yellen and powell made the mistakes on the inflationary cycle, why would we expect them to get it right on the other end coming out of this. remember you have the real hostility to the private sector into job creators so this is about the supply-side they can keep retire for longer all they want but it won't work in bringing god inflation if they continue to be hostile to the private sector in the supply-side. maria: do you see that in

. >> treasury secretary yellen is also weighing in on the ai regulation debate and megan cassella hasse details. >> treasury secretary yellen is warning what she calls significant risks associated with the use of ai by financial companies. so in remarks just a few minutes ago yellen was talking in detail for the first time about what she sees as vulnerabilities stemming from using ai in finance. she says while there are tremendous opportunities of ai in the financial sector, she worries about risks in a few different areas and she listed concerns among too much concentration on the complexity of ai models and inadequate risk management frameworks and the idea that insufficient or faulty data could lead to bias in ai decision making. treasury is in regular communication with federal financial regulators on ai and she highlighted that the agency just this morning began asking the financial services sector on uses and risks of ai in the industry. it's a form of request for information ask it marks ai and finance. the agency says part of what it's looking for here is recommendations aroun

watch. >> secretary yellen, have you been to the grocery store lately?? >> no. >> kayleigh: she said no. >> of course not. we were sitting at 1.4% annual inflation when joe biden took office. it is spike in june of 2022 to 9.1%. now, on your show today, harris, you played it by the kgb, who said inflation has come down substantiallnc2022. sahar. let's forget about where we started in -- >> harris: oh, 100 percent. and she said that eggs are cheaper now than they were. yeah, i mean. there goes of the white house is doing is doing knows that what has is doing and we are going into the debate. they better be doing something because that is an issue that they can really hit on. but the countless and their willingness to lie about this is really not acceptable. >> gaslighting. >> harris: i don't understand how biden misremembered that the 9% was on his watch. i don't know how shes remembers the cost of bread. you're going to have to make a one arm sandwich because who can afford the whole loaf? i'm not being cute about that. the prices are up astronomically.

yellen's announcement was part of a tour around minnesota, where she met with housing officials and ceos to tout president biden's economic agenda. a popular streaming service is hiking its prices. this, to paramount plus, is going to raise prices for two of its subscription plans comes as the company posted losses of almost $300 million this year. so this is what you need to know if you subscribe to the ad free paramount plus with showtime plan, it'll start paying $1 more now if you use the plan called paramount plus essential, you'll pay $2 more price increase will start in august. this comes as streaming services in general are all struggling. they're making a lot of content and say they're just not getting enough in return for that to pay for lots of highs and lows on wall street today, the dow jones climbed 260 points. the nasdaq slipped 192, marking its worst day in two months, and the s&p fell into the red by 16. nvidia fell 6% after spending last week in the red. analysts say that's a healthy decline. all this, of course, comes as investors are waiting for a key inflation data to

yellen expressed hope that it is possible that this plan will be finalized before the g7 summit in ofitaly, which will take place next week, well, that is already there are some developments, and this is already... she made it clear that the plan is not just being discussed, let's somehow try to help ukraine at the expense of these percentages of frozen assets, no, the plan already exists, it is just being refined and maybe already through in a week, we will find out how much they will give, what they will give, how it will go, well, this is very good, and besides, the financial times , citing its own sources in the white house , reported that the united states, regarding this loan, is ready to give us 50 billion dollars and... exactly the collateral for this loan will be the eyes percentages, well, but at the same time, official washington puts forward conditions to the european union, and quite, as i will tell you, a normal condition, they ask that the european union not do as it has been doing so far, renewing anti-russian measures every year, well, renewing anti-russian measures e

what treasury secretary janet yellen had to say about that. a classic collectible toy now at the center of a retail theft ring. why it's becoming the new hot target for thieves. ♪ ♪ i'm gonna pick up the pieces and build a lego house --an ♪ id f things go wrong, we'll knock if it down ♪ muck family'e has earned you a big advantage. the va home loan benefit. with the lower rate newday 100 va cash out loan, you can pay off high rate credit cards and car loans. that's real money you can use to take care of your family and home. every day, more dog people, and more vets are deciding it's time for a fresh approach to pet food. they're quitting the kibble. and kicking the cans. and feeding their dogs dog food that's actually well, food. developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food. get 50% off your first box at thefarmersdog.com/realfood jackie: welcome back. as a americans continue to feel the pinch from high prices, treasury secretary janet yellen d

janet yellen is synonymous with thought, public service and stability embodying leadership excellence. through her career janet made her mark as a globally respected thought leader and practitioner of policy and she has done twith the highest integrity purpose and kindness. i cannot help butheard janet is a born and yorker. another fact was in a harbinger of her career she att hamilton high school, making her the treasury secretary. her accomplishments are legendary and you went through them so i will not. but i will mention within the fed she has role that exists. the president of the san francisco fed. she was a board governor, vice chair and chair. given your resume we can say janet has done it all. janet showcased a blend compassion encourageromoting inclusive growth, her commitment exemplifies the essence of readership that is celebrated today. those of us who have been privileged to work alongside janetfrom her wisdom, mentor ship and example of what it means to be a public servant so without further ado on behalf of the board of trustees and all here today it is an honor to pre

she also janet yellen said this will help the treasury's financial crimes unit go after the criminalsck a law that could ban the popular app law that could ban the popular app in the us starting next year. bipartisan legislation signed by president biden in april it requires tiktok to diversify its assets due to worries that china could spy on americans with the app. tiktok says the law violates free speech rights. 170 million americans use the short video app. new york is the first eight in the us to signed laws targeting addictive social media laws for children and teens. new york governor cathy gogl signed the safe for kids act, which requires social media to come it will also stop notifications from related social media platforms between the hours of midnight and 6am without parental consent. it will be set by the attorney—general. the new laws come out of the us surgeon general said social media had become a contributor to the mental health crisis among young people. dr murphy referenced a study done by the american medical association that showed teens who spend more than three

general rob spalling and former fbi special and we're all over treasury secretary janet yellen saying our debt is nearly $35 trillion but that is at a reasonable level as donald trump suggests we replace taxes with tariffs to fund it all. is that a reasonable response? we'll add it all up with former house speaker and gop 2012 speaker paul ryan and mouse whip tom emmer and ken fisher. they're here and only here. over in the uk, princess kate middleton makes her first royal public appearance since cancer diagnosis and says she's not out of the woods yet and we're ready to go now. neil: good morning, everyone. i'm neil cavuto and hope it's a great day for you. we could avoid a disasser and nypd describing the capture of a vehicle and guy driving with possible terror intentions and nate foy has more on what they're learning. hey, nate. reporter: hey, neil, good morning. the queen's da is not charging as terrorism but the investigation continues after a traffic stop that prosecutors say may have prevent addis aster for the city of new york and possibly -- prevented a disaster for the city

three years yellen calling on federal home loan bank to voluntarily direct 20% or more net income toelter inflation still up better than 21% since president biden took office your reaction. >> yeah. i have to say i'm a bifurcate pessimist on housing market, roughly speaking we did not build enough during the period from 2009 to 2019. then the pandemic came along you might have thought pandemic was going to harm the housing market but instead went the other way, and you got a -- a boom in the desire for more square feet more housing. so now you've got a market that is sort of badly out of wha whack not enough properties people sitting on mortgages. i don't see that coming back into balance for some time now so we're going to have to wait and see on that. maria: all about the supply, as you just said, mentioned, of course, is another issue we've been talking about for years, james great to see you this morning we so appreciate your time please come back soon. get a to be here thanks a lot. maria: thank you so much james bullard joining us stay . with us. we'll be right back. we'll be r

financial health fiscal health of this country last october, treasury yield yields history 5%, janet yelleng bills a time in which interest suspense going to exceed defense budget very much i think, this is the plan we're do everything to get to november, with all these tools they are using, but you the it is going, in my opinion, has potential causing fraet long term harm to our economic health. >> in terms of long term debt versus short term they want long-term rates low janet yellen came up with idea to do what -- >> she came up with idea stop issuing long-term debt create scarcity lurn interest rates come down stock market takes off the problem relatively low interest rates right now 55% debt maturing next three years the opposite of the way any normal rational actor would do this you wouldn't fund massive long term liabilities with short-term funding that is what u.s. is doing very, very risky for the future of this country, for future of the america. maria: inflation one of the most important issues on the minds of voters today so what are they doing there? the underlying components o

no sticker shock at the grocery store for janet yellen. she's got a net worth of $20 million. >> yeah, there's a lot of things to unpack here. first and foremost, kroger, the largest pure shopping supermarket in the country saw the operating margins going from 3.4 to 2.9%. no one would think 2.9% was gouging and the story and the thing is the administration is setting up the media and between now and the election and slower rate of increase, they'll come down a bit. the real story is that the american consumer is tapped out. we're tapped out. they're done. they don't have any money. how do i know? this morning general mills reported their results. general mills, 1,000 cereal products and everyone's staple. they actually lowered their prices on a retail sell by one point and pet food by one point and volume on retail down six points and volume on pet food down seven points and lower prices saw a magnificent draw down on actual sales. we are tapped out as a nation. listen, mcdonalds, $5 value meal. target, 3,000 items on sale. these are all

i sat in between janet yellen and george akerwald. both lovely people personally. he's a charming man, for all of the disagreements. i've never personally had any problem with ms. yellen, just that we disagree, she's another one, the treasury secretary was in the papers today saying trump's tax cuts are responsible for all the deficit borrowing. is that true? >>y lo really? look at the revenues, up. look at spending. higher than it was during the covid crisis. tells you all you need to know. but why let facts get in the s way. just say it,ay pretend it's true and like alice in wonderland we'll just -- it is because you say it is. larry: i want to see trump smoke biden out early. okay. maybe biden will surprise thepe world, hnde certainly could talk about tax cuts versus spending. tii would likeon to see him talk about the tax free tip proposal, just kind of spring it out.po what do you thinsak about this,h mr. president,is from one president to another, what do you think? would you join me in calling for tax exempt tips for waitresses and caddies and uber drivers a

. >> judge jeanine: well, yellen might want to deny it but grocery prices are up more than 20% sinceen took office and kjp parroted the same lies. >> yes. you know, eggs and milk and grocery things that were up it has gone down. it has gone down since 2022 gas prices because of the actions that this president took and let's not forget there was invasion russia did into -- did obviously into ukraine that caused gas prices to -- to particular up. the president took action. cap the sbr and we saw gas prices go down. >> judge jeanine: i guess they want to ignore gas suspect 40% since biden took office. joining us now is former arkansas governor mike heck bee. good evening, governor. you know, the ordinary american going to the grocery store knows that potatoes are up 25%. and eggs are up 30%. and you just can't buy what you could buy three years ago. it's almost impossible. >> thank goodness wife keeps some chickens because we have been able to afford eggs only because we have chickens providing them. otherwise, we probably wouldn't be having any. this idea that janet yellen sits down th

to secure the border what he would do to help lower costs places li stores where the biden janet yellen yesterday acting like there's no problem at the gr tell that to the families who are living paycheck to paycheck and you can afford to fill up their car with food because thine biden. they surely can't afford to fillof the higher price of gasoline at these of joe biden's bad policies. this is affecting real people. it not affect the elites that are running the right now and the folks in the beltway that seemed to be immune to the rt families are maintaining the president those proms but more important president president trump knows how to fixecure border before. in mexico andated with mexico and reluctant to go there initially figured out a way to finally sign that the abraham accords president trump helped negotiate those agreements. the rest of the world is on policies so i think it will be a fix those brooms and we'll through the appropriations bills. we talked about the homeland security bill had so many things that we are doing on how to secure the bor commend. joe biden's opene

milwaukee e border what he would do to help cery stores where the biden administration he just saw janet yellenere's no probl at■: that to to are living paycheck to paycheck thgs cost so much more underr we joe biden. they surely can't afford to fill up their car with gasoline because of the higher price of gasoline at the pump because of joe biden's bad policies. this is affecting real people. might not affect the elites that are running the government right now and the folks in the beltway that seemed to be immune tiqhe families are maintaining the president thosee important president president trump knows howo fi those problems because he had a secure border before. you can research the story of remain in mexico and a very effective public event present truck negotiated with mexond reluctant to go there initially figured out a way to finally sign that abraham accort trump helped negotiate those agreements. the rest of the world is on fire because of biden's failed policies so i think it will■ b robust discussion about how to fix those brooms and continue to address those problems through the

yellen. just we disagree.ury secretary, she was in the papers today saying that trump's tax cuts are responsible for all the deficits and borrowing. really? is that true? really? >> really. look at revenues, up and look at, look at spending higher than it was during the covid crisis. tells you all you need to know but why let facts get in the way. say it, pretend it is true. like alice in wonderland, it is because you say it is. don't you know? larry: i want to see trump smoke biden out early. maybe biden will surprise the whole world. i think the way to do it, certainly he can talk about tax cuts versus spending. perhaps he will, ask reagan's question, but i would like to see him talk about the tax-free tip proposal. spring it out. what do you think about this, mr. president? this is from one president to another, what do you think? would you join me in calling for tax-exempt tips for waitresses and caddies and uber drivers, the whole gig economy, numbers 10 million plus? i would love to see that. smoke him o

yellen said that lot in the way of a cartel traffic's fentanyl and other illegal drugs into the u.s..nators on capitol hill are fired up after seeing the surgeon general's op-ed on social media warning labels. democrats and republicans say the dangers of social media war, congressional action and are ready to cooperate with the administration to do just that. washington correspondent basil, john reports. >> social media has designed today is a dangerous product. south carolina republican senator lindsey graham says it's about time congress take action against the dangers of social media after the surgeon general called for social media warning labels until we support what he's saying. the only way to implement warning labels of any kind is through congressional action. and graham says the numbers justify it. we've seen suicide rates among teenage girls fairly dramatically depression. mind. younger population and he's not alone as some democrats like new york senator kirsten gillibrand. see this as the opportunity for congress to do something. we have to keep trying. and i think that s

yellen said that the line wave, a cartel traffic's fentanyl and other illegal drugs into the u.s.. in san francisco, 3 bay area, mayors join forces to support a housing bond to meet requirements to build affordable housing. san francisco mayor london breed san jose mayor matt mahan and berkeley mayor jesse are or when were all at the news conference yesterday. the regional bay area, housing finance authority is considering a measure to fund 90,000 affordable housing units across the bay. it's part of a 20 million dollar bond right now the state is requiring 101 bay area cities to collectively build 441,000 new residential units by 2031 and the mayor of san jose says that the november ballot initiative, if it passes, will really help with encampments in that city. >> with thousands of people living and dying on our streets every single that we're working, families being displaced with young people moving to texas because they can afford to start their lives here. this measure will allow us to allocate billions, ford build communities and motel conversions, which led to first decreas

yellen said the lot new wave of cartel traffic's fentanyl and other illegal drugs into the u.s..y, a local branch of the national labor relations board is now taking up a case involving drivers working clean up on bay area development projects. they say they have gone almost 2 years without a new contract. well, fighting their employer premier, recycle for the right to hold union activities. a complaint from the federal agency's office in oakland said east san jose base premier recycle interfered with drivers efforts to organize for better pay and working conditions by letting go of 7 employees keep to union activities as well as discouraging union membership and administrative law judge will hear the case on december. 3rd company owners rocky in rock hill have not responded to our request for comment. and update now from cal fire on the point. fire burning in northern sonoma county. 3 structures have been destyed. 2 others damaged. no word if those are homes yet the fire is 75% contained at just over 12,000 acres. we know that it all began sunday leading to the evacuation of hun

and from that we go to the treasury secretary of the united states, janet yellen, with us tomorrow.