Detailed text transcripts for TV channel - FOXNEWS - 20120718:16:31:00
Prices are expected to really soar at the grocery store. jenna: that's a very important point. we are seeing the impact right now, a little bit in the grocery store but really expected to hit fully potentially at the beginning of next year. phil, nice to have you as always and sandy, nice to have you on the program too thank you so much. >> thank you. >> thanks. jon: up next a hopeful sign for the housing market, why builders are encouraged by these new numbers and what it means for the economy. also an inside look at the military build up in the persian gulf, what the pentagon is doing to try...