Wheat growers say that one of their biggest concerns right now is that historically high wheat prices are canceled out by sky-high input costs. NAWG s CEO discusses what they want in the Farm Bill.
and two largest wheat producers in the world. that was president biden on the road thursday selling his economic message in north carolina. however, while high prices remain top of mind for voters, the crisis in ukraine often overshadows biden s agenda here at home. a new cnbc poll finds more than eight in ten voters find our economy is good or fair. that is 87% for younger voters age 18-34. the concern comes despite an unemployment rate at just 3.6% and rising wages. so why the disconnect? joining me now to discuss, msnbc political contributor and political white house reporter eugene daniels and washington post congressional reporter marianna sotomayor. thank you for joining me. eugene, i want to start with you. the new york times writes, quote, the fighting in ukraine has disrupted global oil markets
driven up gasas prices and food prices all over the world. ukraine and russia. that one the two largest wheat producers in the world. we re number three, the shut down we saw that yesterday s inflation data well, people don t knowwat p that 70 percentf the increase in inflation is the consequence of putin s price hike because ofhi the impact on oil prices 70% we need we need to address these high prices and urgently for working folks out there. ? yeah, what what where does he get that ? where he s getting it, where that number comesit from, but it s just not true . so here now with more of people who do know what s going on is professor of business and economics at the king s college in manhattan, fox newsin contributor bryan bredberg and power the future founder and executive director daniel turner and independent women s voice senior policy analyst gary sheffield. we here we ve been hearing mr. n
this could potentially, and he s talking about sanctions on russian oil, lead to one of the worst crude supply shocks ever. that was the opec secretary general. this could, in fact, have a major impact on not just supplies globally obviously but on economies and this isn t happening in a vacuum, alex, we re not talking about what this is going to do to europe, but to the united states. these are global markets. so we re not just talking about gas and energy, we re talking about food as well. the president mentioned how ukraine and russia, they re the number one and two largest wheat producers, if you think about bread, ukraine bans exports of wheat now, and other food, russia s food experts, they re down. what does it mean for the global food supply. is there any way to make up for that. this is a big problem, and something actually that we have been talking about in the region, in the middle east, as i covered that closely, and north africa, what that could potentially mean to cou