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FOXNEWS Special Report With Bret Baier June 4, 2024 23:31:00

Workers and retirees, largest to union pension fund comes from $1.9 trillion coronavirus relief package signed into law in 2021. mark mix national right to work committee tells fox news a bailout to failed pension plans is pointless without reform to ensure the program can last on its own. paying less at the gasoline pump now than you were a year ago. a.a.a. says the current average for a gal is $3.31. down one penny from the same date in 2021 also down 47 cents a gallon from one month ago. there is some major drama tonight involving the leadership of the republican party there is disconsenter than expected performance in the midterm elections. mark meredith looks at where things stand tonight. the chairman of the rnc ronna mcdaniel. [applause] she has led the republican national committee since 2017. ....

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CNN CNN Newsroom With Jim Acosta June 4, 2024 21:08:00

That is being experienced worldwide? well, i think it s pretty easy to see why we have the inflation numbers that we have. there s some of this worldwide, but the bad energy policies, the desire to drive energy costs up, so people would use less energy, which is exactly the stated policy of our friends on the other side. and then the really bad judgment in early early in the administration, on a bipartisan on a partisan basis, to dump another $1.9 trillion on top of an economy that was clearly recovering. now, you can go back and say, if you re them, well, the economy wasn t recovering. there s no, no indication that the economy wasn t well on its way to recovery. there s every indication, by democrat and republican economists that what they did would produce the results that were produced. and you could have all of this macro economic, worldwide discussion you want to have. when people go to the grocery store, they go to the gasoline ....

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FOXNEWS Fox News Live June 4, 2024 16:07:00

Benefits are adjusted based on the consumer price index. the consumer price index was up nearly 9% in the the last year and so this is catch-up. this is catch-up for the loss ground that americans experienced in 2021-22. now if inflation comes down, then that s good news because some of the catch-up is going to go back into your bank account. if inflation doesn t come down, then it s going to go right out to the grocery stores, right back out to the gasoline pump and that s why this the fight that the federal reserve is undertaking to get inflation under control is so critical. it s why you see the stock market going up and down every day because the market is trying to figure out how far is the the fed going to have to go to address this issue. eric: and if the here is a key question. huge increase, average $1,800 a ....

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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 13:12:00

This morning, one of the points she made for gas prices which are down for 29 straight days, by the way, her argument was essentially oil prices have come down more than gas prices have come down. is that the case? because the implication, she was calling on refiners and those who sell gas to cut prices more. is that accurate? well, it s an interesting question. so crude prices make up 60% of what we see at the gasoline pump, right? crude prices have come down 20, 25 bucks over the last month. the price at the pump has come down about 40 cents. so there is that. the issue, though, a lot of these gasoline companies are run by small businesses. their margins are small on the way up. so when prices come down, they try to make up the margins. gasoline prices as we know are quite volatile. so there s inberpt dags about reducing the prices in kras crude goes you up. it s quite complicated but the truth is a lot of these gas ....

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FOXNEWS Fox News Live June 4, 2024 18:21:00

Keeping the unemployment rate low. that is what i am watching. eric: usually we would look at the unemployment rate is a key indicator down to 3.6% almost a 50 year low. at the same time there is a worry about stocks going into the toilet. and as you say a possible recession. i think the other thing is even with the low unemployment rate we see consumer confidence following to very low levels. and that gets to the inflation piece of this. people are frustrated that inflation is rising. they see it at the grocery store. they see it at the gasoline pump. they are starting to see it in rent and boy they see it and airfare which is remarkable to me the airlines were bailed out during covid there thank you note to america s a jack up airfares by 33% in the last report. and i think that s frustrating a lot of americans. i think that frustration is not going to go away until these ....

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