when trump was still president. your dollar went a whole lot further under trump. you could fill up your gas tank for less than two bucks a gallon and the stock market was doing so well we all looked like geniuses. the 401(k)s, they are up 90%. 95%. [cheers] i always tell the story people come up to me they say i want to thank you my wife thinks i m a total loser, sir. she thinks i m the worst person with money, financials. she thinks i m just horrible and the last three years i m up 94%, sir. she thinks i m a total genius when it comes to finances. jesse: well in biden s america, we re now all fools. no longer geniuses. because i hate to say it the good old days are over. our economy has officially reached bear market territory today. the s&p fell 20%. that s officially now collapsing. now, on top of that, the nasdaq is off about 20 percent this year and the dow is about 5,000 points down. since january. that s the longest losing streak since the height of the great de
board for another deal while only four voted against the agreement hammered out right before the midterms, the other unions that backed it will likely honor any possible walkout. there s not a real union out there that s going to cross another rail union s picket line if they put them out. the rail are counting on congress to intervene. we could get past the strike deadline and work it out but they re having so much trouble hiring the supply chain isn t healed like it should be. griff: they hall about 40% of the flailings s freight each year that means a strike could cost our economy some $2 billion a day not to mention the hundreds of thousands of jobs that could be lost as many who rely on rail roads shut down. there would of to be half a million trucks on the road every day to handle what the rails deliver. jean marx president of the marx
that s known for its wings has watched the price more than double since the start of the pandemic. in 2020, 15 wings would cost you 13.95. a deal. now they are charging $27 for the same plate of wings. and, get this? they are still losing money. soon we will be paying $34 for an order of wings. that s about like how much a halfway decent steak costs. jon taffer is the host and executive producer of bar rescue and author of the power of conflict. $34 for wings? jon? i m sorry, man, i might i don t know. i might just have to eat the celery with the bleu cheese. you know, think about that though. wings are costing us over $1 apiece now but it s more than that, jesse. i get different size wings every time. even the supply chain isn t consistent. they are smaller, they are bigger. they are smaller, they are
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the port for their role in making this feasible. the president said he s gotten commitments from walmarts as well as the shippers, u.p.s. and fedex to expand their overnight shipping operations to more hours and more days as well to try to clear the backlog. the problem is that even though this is obviously an issue of national concern affecting just about every american, the supply chain isn t something that is directly controlled by the federal government. this is a private sector thing. to lead your way out of this, you need to urge all of these different private sector actors to work together to fix the problem. the port of long beach next to the port of l.a. started adding overnight hours last month. it still doesn t appear anywhere near 24/7 operation. we ll have to see if the port of l.a. can move faster on this. private retailers and shippers are the ones who hire the trucks and railcars and move the goods. you see the biden administration step in and say we can t do this