ainsley: i love atlanta. i have just such a love for that city because it s close to where i grew up in south carolina. that was the big city. we gold there christmas time because it was decorated and do a little shopping. it was so much fun. i remember my dad took me to a hotel there. my sister and i when we were little. i remember it was shaped, i believe like a triangle and we went up. he said do you notice there is not a 1st floor. we said why? that s when my dad explained to me why most hotels don t have a 1st floor. steve: my first skyscraper in new york city i lived on the 14th floor there was no 13th. so i actually lived on the 13th floor. welcome, atlanta georgia. it s nice to have you. listen, over the weekend, the doocy family convened. ainsley: look how beautiful. steve: we went to dallas because it was like 125 degrees. ainsley: gosh, you have grown. your family has grown. steve: everybody can be in dallas from the east and west
problems. because everybody needs gas to get to work, get to school. get home, do everything. larry summers has credibility. is he a former treasury secretary and a year ago he was saying you spending all that money. you ever printing all known. you are going to end one with inflation. he was pooh, poohed by everybody. you have got it wrong. now, is he absolutely right. and now he is forecasting recession. ainsley: stuart, we know now gas prices are high, food prices are high. people are trying to save money in prediction you have what is ahead. what is it going to look like in two years for us? what can we expect? in two years. that s a very hard prediction to make. ainsley: what advice do you have for us? just save our money. yes. that s what i would do. not putting any fresh money of mine into the stock market. i m putting it all into a bond fund which pays me about 1% and which is dead safe. steve: what about crypto because prices are finally coming down and maybe are g
falling. we are in a financial crisis like it or not. ainsley: this is very scary. larry summers, the form everywhere treasury secretary, he said that he predicts recession within the next two years. i think we have that soundbite. listen to this, stuart. when inflation is as high as it is right now, unemployment is as low as it is right now. it s almost always been followed within two years by inflation. by recession. i think the optimists were wrong a year ago in saying we would have no inflation. and i think they are wrong now if anyone is highly confident that we are going to avoid recession. steve: and recession is defined as two quarters of back-to-back negative growth. remember it was just a year ago when inflation was starting to take off and they said it s transitory and ron klain the chief of staff said high class problems. these are not high class problems. these are across the board
triple decision. # 6 degrees in denver. 96 fries in kansas city. all that heat spills off to the east. it s going to be a hot one. definitely feeling like summer. tossing it back into you. ainsley: one of the headlines, texas power use tops all-time record as heat bakes the state. hot down there in texas. steve was out there in dallas over the weekend. there he is behind you. 105 degrees in texas. all right. thank you, adam. adam: for sure. ainsley: still ahead president biden is reportedly turning to saudi arabia to help with the record high gas prices. former secretary of state mike pompeo is going to react to that. father s day is less than one week away. if you are still stuck on what to get your dad, skip bedell has ideas.
from you folks and would love to hear your points of view as well rick emailed us he said i m a semiretired farmer, things are so bad here what we used to take for granted has now become a luxury. he is absolutely right. many things have doubled, including gas. we have to plan a trip to town and do everything at once just to save on gas. i am going job hunting tomorrow in hopes we can hang on. this is email from kim half a tank of gas cost me $103. i had to cut down my visits to my mom in a nursing home because i can t afford it i don t know how i m going to pay all my bills this month. if you listen to the radio shows, if you listen to mark levin or brian s show or sean hannity s show. they get so many callers in i m a truck driver, this is how much i m paying they are on the road and call in while they are driving. it s unbelievable these stories, it s affecting every single person across the country. steve: i looked it up. the day that joe biden took