ashley strohmier live in studio with the crazy details. ashley, good morning. ashley: dhs decided to cancel the board on monday and the next day the woman pegged for the position had written up a letter. the board is uncertain and she will be leaving dhs and the board has been put on hold. there is backlash from republicans and democrats over the board s inception and what it would mean for free speech. questions raised over her social media, tik tok videos. nina jankowicz has been subjected to physical threats in congressional hearings and media interviews and the secretary repeatedly defended her as imminently qualified and underscored importance of the disinformation work and he will continue to do so. the board has never convened, the board has been mischaracterized. disinformation board is being shut down because of disinformation, is that what is happening here? it is going to pause, there is mischaracterization from outside forces. ashley: nina jankowicz was
children. carley: more bad news for gas prices. cheryl: according to research note from jp morgan, gas prices could rise 37% by august, hitting $6.20 per gallon, national average. white house maintains it is putin price hike. as the president has said, president putin s actions are driving the price increase at the pump and the president is focused on doing everything in his power to address the putin price hike. cheryl: there are reports stations are running out of fuel. in washington state we re getting reports stations are reprogramming pumps so they ll be able to display double digit price, that is in case gas hits $10 a gallon or higher. some point we will hit $10, hoping it will not be this year. carley: next century. that is a lot. todd: that is horrible news. thank you. dhs, president biden s
competitors and stifle new entrepreneurs. meat industry is a textbook example on the price side. sandra: going after the meat companies, energy companies, saying they are pocketing the difference, squeezing out the little guy. is that the case, somehow leading a coordinated effort to raise prices for the american consumer? sandra, good to be with you and the answer is absolutely not. you know, the basic consumer that responded in your poll is spot on. you are not going to b.s. them as to what the problem is. we spoke last week about inflation really getting out of control, spiralling out of control, and big business is having to deal with this as best they can. part of the issue, sandra, is the supply chain. so i can tell you dealing with fortune 500 companies in the past couple weeks and some of the smaller companies i ve invested in in my own company, we are all dealing with significant double digit price increases on supplies and
adjusted their forecast basically with a rate hike by the fed, for example goldman sachs adjusting theirs, from five rate hikes to search and others saying a 50 basis points rate hike in march and that will make borrowing rates more expensive, but what it means in terms of the consumer of course is can we control these prices, which are felt by all americans and so many will receive double digit price rises for gas, fruit, dairy, meat, and some, kellogg s for example is juaning that full year profit growth might be above expectations because they passed a lot of the costs to consumers and they re seeing the resistance in that and coca-cola is finding that everything is expensive to make and they will probably misexpectations. and when you supply business news for london for way too early, you have to wear the hat for british rock star correspondent and this case sting who has sold his entire song writing catalog including hits with the police to the
high. we learned that on friday, and this report suggests they re going to stay hot. you can see with that chart, you know, producer prices, this level of inflation was pretty tame before covid. it s really taken off, and that s because of all of these covid related supply chain issues, the worker shortage, and because demand is really really strong right now as the economy reopens. what s really striking is this is totally widespread. double digit price increases on everything from food and trucking to we saw iron and steal scrap up 78%. gasoline up almost 100%, more than 100% from a year ago. inflation is spreading. that is not what the white house or federal reserve wanted to hear. president biden said inflation is probably peaking here, and that could be true, but it s hard to forecast anything in the covid economy, and if it s peaking, doesn t mean it s going to come down to low levels or healthy levels anytime soon.