Money. Charles u. S. Tariffs on chinese i am ports set to increase 15 on sunday but some businesses are saying that they can deal with this, or impact will be nominal. Ceos of Companies Like big lots and Restoration Hardware saying in corporate filings, even the next round would only result in tiny price increases. Consumer sentiment now down for the Third Straight month, it is conflicting information. Get the read with someone with a little bit of skin in the game, former mcdonalds ceo ed rensi. I keep hearing from ceos, they cant prices on to the consumers. Owned consumers are getting worried because im sure theyre rating about this more and more . Being in the Restaurant Industry. I look at all the commodity issues. Frankly we have such a powerful farm market in the United States, most of commodities restaurants use are readily available. There is abundance of lobster right now. So i dont like think tariffs will impact the Restaurant Industry much f youre a large chain building new
Flooding winds and a dangerous storm surge. Were all over it. How about this . A alltime high for the Dow Jones Industrial average. Were above 27,000 for the First Time Ever. The market performing so well, thanks to some might say to an underperforming economy that has the Federal Reserve set to cut Interest Rates. Gerri willis starts it off for us at the new york Stock Exchange. Hey, gerri. Connell, thats right. Were up 200 points. 61 points over 27,000 level. Therefore i can wear my hat. One is outshining the others. United healthcare is up 5 after the president decided to kill a proposal that would have overhauled rebates collected by the middlemen between insurance plans and drug companies. Unh owns optum rx. That is the biggest of these middlemen. Dow jones reported that unitedhealthcare was responsible for 200 points of the dows move. Also contributing to gains today, Goldman Sachs and boeing each up. You can see here nearly 2 . The move to 27,000 took 372 trading days. That is t
The president admits the act with a lot of green goodies could have gone by a different name. What are they celebrating . Like i said, the Inflation Reduction Act didnt bring inflation down. Today we look at what and specifically who did. Prices are down, but price hikes still are not. And a key interest rated just closed at a 15year high. Lets go to Jacqui Heinrich at the white house on the fastmoving developments on who gets credit and whether its a birthday debby down to say its not the white house when it comes to inflation or this Inflation Reduction Act. Jacqui . Hi, neil. Yeah, we got out of the east room where the president held the 1year anniversary celebration. It was a classic joe biden event. He whispered at one point, yelled at another point. He said the Inflation Reduction Acted is working. He called it a key part of bidenomics, touting jobs creation, specifically in manufacturing and new investments in climate, even though he didnt get in to the fact that now the estimat
[the starspangled banner] [the starspangled banner] [the starspangled banner] [the starspangled banner] will good morning and welcome to fox and friends, welcome to st. Patricks day weekend. We are celebrating for two days on fox and friends. Pete and i wore green. Rachel is wearing st. Patricks day colors. Dont act like you didnt know that. Rachel it is true. Purple is the color of a bishop. It makes sense to me that someone pointed that out to me. Pete are you going to wear the same tie tomorrow . Will ive got some green for you. This was the pregame. Rachel this green has a little bit of blue in it. Will st. Patricks day is supercatholic, tell us about it. Rachel it is the conversion of the island of ireland by Saint Patrick. They were pagans. They were druids and all the stuff. Saint patrick came and converted them. Pete thank you for that history. I didnt know that. Rachel you didnt know that . I always will if ireland hadnt become christian, they have a lot of learned institution
The accidents from hydroplaning. Last time we got some big rain, the 78 got closed down. People are afraid to come out, you know . Thats not usual californians. Will Diss Disneyland Resorts is planning to close early today while Universal Studios says theyll monitor the situation closely. Lets turn to chief meteorologist Rick Reichmuth. Are. Rick thats probably a good call with disney, to be honest. Its going to be really windy. Right here is kind of the center of the storm, but you see a lot of energy to the knot of it. Sill to the south of it. Were going to have a lot of moisture for the next 34 days, so well keep rain in the forecast for quite a while. As you just mentioned, Tropical Storm warning in effect for los angeles, that has never happened before. And this is one of the wind gust forecasts. Take a look at this. Youve got some winds that are probably 6080 miles an hour across the mountains to the east of san diego area. This is to start the day today. I by this afternoon, rea