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This morning. Im maria bartiromo. It hope youre having a good tuesday morning. It is tuesday, march 12, you 7 00 a. M. On the button on the east coast. Time for the hot topic of the hour. President biden unveils a 5 andahalf trillion dollars of new and higher taxes package in his massive 7. 3 trillion, 2025 budget. Taxpayers are Stuck Holding the bag after all of the president s spending led to 40 year high inflation. The wall street journal reporting that more americans are treating their 401ks like cash machines. A record share of account holders reportedly taking early withdrawal from accounts last year. Credit card debt is now at a record high of 1. 3 trillion but the president continues to tout his economy. Watch. 15 million new jobs creat, thats a record, growth is strong, wages are rising, inflation is down, we reduced the federal deficit. Inflation keeps coming down, Mortg ....
In protest and retailers, what does that mean . Well, its problematic in the month of november because theyre expected to do 20 to 40 percent in the annual sale in that month alone. I think that its important to look at these movements in itself. The objective is to intimidate people and disrupt. If you look at a Movement Like blackw a lot of people dont go into the stores anymore. Well, here is the question. If a protest happens in the woods in the fall, does anybody hear it . They say go to where the people are. You have to be seen, so you want to be there and disruptive, but you want to be respectful. I think that all of the organizations are trying to bring in organization, and good for them to talk about it on saturday morning and making sure that people are bringing the issues to the forefront. The retailers have lost the shopping to online people like me that dont want to be approximate in there fighting with people when the ....
Holiday shopping season, now add in protest and retailers, what does that mean . Well, its problematic in the month of november because theyre expected to do 20 to 40 percent in the annual sale in that month alone. I think that its important to look at these movements in itself. The objective is to intimidate people and disrupt. If you look at a Movement Like blackw a lot of people dont go into the stores anymore. Well, here is the question. If a protest happens in the woods in the fall, does anybody hear it . They say go to where the people are. You have to be seen, so you want to be there and disruptive, but you want to be respectful. I think that all of the organizations are trying to bring in organization, and good for them to talk about it on saturday morning and making sure that people are bringing the issues to the forefront. The retailers have lost the shopping to online people like me that dont want to be approximate in th ....
Holiday shopping season, now add in protest and retailers, what does that mean . Well, its problematic in the month of november because theyre expected to do 20 to 40 percent in the annual sale in that month alone. I think that its important to look at these movements in itself. The objective is to intimidate people and disrupt. If you look at a Movement Like blackw a lot of people dont go into the stores anymore. Well, here is the question. If a protest happens in the woods in the fall, does anybody hear it . They say go to where the people are. You have to be seen, so you want to be there and disruptive, but you want to be respectful. I think that all of the organizations are trying to bring in organization, and good for them to talk about it on saturday morning and making sure that people are bringing the issues to the forefront. The retailers have lost the shopping to online people like me that dont want to be approximate in th ....
Oil. long term it depends how this escalates. but iraq is opec s second biggest producer of oil. tracy, gary b. made a good point. he said if oil prices spike, gas prices go up. wages aren t going up. our economy is not that good. what does that mean? i was surprised that the markets finished slightly up 40 points on friday. going into friday, i saw people would be a little more scared and sell off with the unknown of what happens over the weekend. it s a little more resilient than we are giving it credit for. bren brenda, the biggest story, you re right, is oil prices. even if it s 10 cents a gallon. if your hourly wages aren t increasing, it cuts into your discretionary spend. it cuts into everything. and this economy is slowly starting to get better. that could be what we re looking for. it could be brought to a ....