i hear this all the time. people don t believe this inflation number 3 1/2%. you know why they don t? if you look at the essentials you have to buy every month and a middle class family. you have to buy milk, groceries, ground beef, pay rent, mortgage, pay energy bill and fill up your tank. all of those things are up way more in price than what s officially the cpi. in some cases three times more. this has caused a middle class squeeze and why you get all these americans saying i m worse under biden, not better. john: let s not forget core inflation does not include gasoline or food. i never could understand why we use that? john: that s what s going up. let me give you a concrete example. gas price when trump left office was $2.39 a gallon. i filled up in virginia $4.39 a
that s a gigantic increase and you are right to connect the dots. why are mortgage rates going up? the fed has continued to 11 times has raised rates. they raised interest rates because of the biden spending spree. it goes back to this massive out of control debt and spending in washington. if we don t do something about that we ll see mortgage rates continue to rise. a higher mortgage rate, john, is bad if you are selling your home and if you are buying a home. it means everybody has to pay more and so we are starting to see that impact on home sales. john if you fewer buyers when you sell a home. sell a home because you buy another home and you are paying more. a vicious circle. quick. if all of this is swirling why aren t we hearing more from the republican candidates about it? why aren t they taking joe biden on the economy? trump sure is. i saw him the other day and he is raring to go compared.
up towards the north impacting a whole lot of people. the big story will be the rain. you get into sunday evening and monday everything you look at in the orange, a huge swath of the desert southwest including san diego, los angeles, over towards las vegas, 3 to 5 inches of rain or eight inches. the amount of rain some of these places see in a year coming in a couple of days. it will be a major flooding concern across this part of the country. from now into sunday morning just sunday morning you begin to see a likely flooding risk. if you spread it into monday morning the area gets much larger and you look at an extreme flash flood threat across portions of southern california stretching up into las vegas. a lot of rain is on the way. john you toss it to me talking about how rare the storm systems are. incredibly rare. something we almost never see as you look at the conditions across portions there of mexico but i would like to leave you with just the alerts that we re
unites us across our diversity. from many, one. that s what i m running to revive. john: some people say he has a chance for a break-out moment next week. he is a talented person and a friend. i will tell you, he is working it on the ground as hard if not harder than almost any other candidates. it is those moments and interactions with voters which is why it s way too early to people to talk about winnowing the field. those are the campaign moments that will allow candidates to actually connect with voters one-on-one, get their stories across and you see actually the candidates working the hardest on the ground, whether it s vivek ramaswamy in iowa who is rising right now, chris christie in new hampshire now in second place there. tim scott and nikki haley rising in early states. those are the candidates and places where they are gaining
stuff. they are. apparently from what s been reported the whole issue of supply chain diversification will be a part of this tri lateral summit. i m an advocate the united states pursues ways to produce these kinds of things to get them out of the chinese ability to even influence. so anything that moves it away from a dependence on china and i hope that is a real part of this so that they do add other things in there not from chinese moving the shell game around. if it does result it is a good thing. if it s just smoke and mirrors it won t help us. john: we aren t sure what the schedule is in camp david. the leaders might talk. if you could hang around we d appreciate it and come back to you. thank you. fox weather alert now tracking hurricane hillary currently a category 4 storm headed for california. national weather service is warning significant impacts to the southwest this weekend and