cereal is up 15.1%. meat poultry. used cars up 7.1%. brian: whole thing changings the definition of something you are experiencing. i love the term when people say we are going to slow down the economy. what are you doing? oh by raising interest rates? oh, fantastic. by pushing people not to spend as much? okay. so make it harder for us to spend so we have less money by raising the energy billings you might be spending on as well as the price per gallon you are putting in your tank. so the economy slows down. they believe the inflation will gradually slow down. peace painful for working class people. the biggest surprise took place yesterday for ome and maybe for people not named chuck schumer and joe manchin. joe manchin seems to have surrendered to the democrats. steve: he caved. brian: revived social build back better program. originally build back better $14 trillion and bonanza of democratic spending issues on mostly about climate change and
Transcripts for CNN The Lead With Jake Tapper 20200619 20:38:15
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how soon might be it be before americans see the spike and is what the president said correct, are we going to feel that as consumers? yeah, so when we look at the tariffs through the lens of gender, what we actually see is the tariffs actually are part of the gender pay gap, and they sit squarely in the pink tax. and so what happens is that more money is actually coming out of women s wallets and men s for items like apparel, footwear, and household items, and in fact, 75% of the tariff burden on u.s. households is from apparel, and women actually bear the brunt of 65% of that. so the average import tax for men s clothing is actually 11.9%, and for women, it s actually 15.1%. so i think it calls into question as we expand the tariff burden, really is this good for u.s. consumers as well as for the broader economy.