California McDonald’s franchisee shares struggle with ‘unprecedented’ impact of new minimum wage
California McDonald’s franchise owner Scott Rodrick joins Barney & Company. to discuss California’s highly controversial $20 minimum wage increase. California is asking fast food chains to come up with ways to meet the state’s new $20 minimum wage. Scott Rodrick, one of McDonald’s franchise owners, said the company is considering raising menu prices and shortening […]
Economists weigh pros and cons of Trump plan for 60% tariff on China
Dan Savikas, policy director for the Taxpayer Protection Alliance, spoke to FOX Business about former President Trump’s proposed 60% tariffs on Chinese imports and how the tariffs would affect U.S. consumers. Depending on who you ask, former President Trump’s plan to “Tax China to Grow America” is a necessary measure to protect the American economy, […]
Jamie Dimon sounds alarm over ‘persistent’ inflation, Fed policy
JPMorgan Chase CEO Jamie Dimon talks about the Federal Reserve’s interest rate trajectory, the 2024 economy, looming banking regulation, and artificial intelligence. CEO of JPMorgan Chase jamie dimon On Friday, he warned that several headwinds, including chronic inflation, Federal Reserve policy and ongoing wars, pose major threats to the U.S. economy. “Many economic indicators remain […]
Vast majority older Americans worried inflation will outpace their income AARP
Bill Pulte, CEO of Pulte Capital, discusses the impact of inflation on the housing industry. An overwhelming majority of older Americans say they’re stressed by the country’s continued high inflation, according to the latest data. A recent survey by AARP (full results expected later this month) found that 70% of U.S. adults age 50 and […]
Auto insurance premiums are skyrocketing. What’s to blame?
According to Insurify, Nevada has the second-highest auto insurance rates in the country. Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.4% The Labor Department announced on Wednesday that the year-on-year increase in March was 3.5% compared to the […]
Labor group demands California’s $20 minimum wage for fast food workers extend to all sectors
Former Foster’s Freeze assistant general manager Monica Navarro spoke on “The Bottom Line” about the sudden closure and other people’s reactions. Fair wage advocates are calling for California’s new $20 minimum wage law for fast food workers to be extended to all sectors to help working-class people struggling with the state’s high cost of living. […]
‘Drives me absolutely insane’: Sticker shock at the pump as gas prices up over 50% since Biden took office
Americans fill up their tank of gas at a gas station in Alexandria, Virginia, reacting to the more than 50% increase in gas prices since President Biden took office in January 2021. As gas prices soar under President Biden’s watch, some Americans are facing “painful” and “ridiculous” receipts at the pump, a Virginia gas station […]
Mortgage rates climb again approaching 7%
In a wide-ranging interview on Cavuto: Coast to Coast, Corcoran Group founder and Shark Tank star Barbara Corcoran discusses real estate market trends and challenges. Mortgage rates rose this week to near 7% as the housing market slump shows no signs of easing. Freddie Mac’s latest Primary Mortgage Market Study, released Thursday, found that the […]
Credit card delinquencies hit highest level on record
Lee Munson, President and CIO of Portfolio Wealth Advisors, talks about the market, March CPI, and earnings season. Americans are drowning in credit card debt. new Published data A survey by the Federal Reserve Bank of Philadelphia shows that more Americans are struggling to make their monthly credit card payments as the battle against high […]
Wholesale inflation jumps to highest level since April 2023
Former White House Chief Economist Joe LaBogna and JPMorgan’s Kelsey Bello discuss whether strong consumer spending is a “money-making” concern for the Fed. Inflation at the wholesale level picked up steam in March, the latest sign that price pressures within the economy remain uncomfortably high and difficult to control. The Labor Department announced Thursday that […]