i think it is organized. you see the activity online. stolen stuff is only as your ability to fence it. will law enforcement make a concerted effort to interdict this stuff? are they going to go at some of these forums, the social media forums and markets to try to get some of the stuff back? bill: paul mauro talking with us yesterday reacting to america s recent surge in retail theft. major retailers now detailing just how much it is affecting them. target says theft costs the company $4 hundred million in profits last year alone. the national retail federation says robberies were $1 hundred billion problem in 2021. charles payne host of making money on fox business at 2:00 eastern. check him out now with us. good morning to you, charles. you are a ceo running the companies trying to turn a profit. what to do? let me tell you how
million about the impact to their bottom line from this stealing. it is organized crime. you need the ceos to say we can t operate like this. nationwide $1 hundred billion problem. you can t call it shrinkage anymore. they say we are being robbed blind and mayors need to do something. dana: other reasons the ceo should ask for more help in changing of policy what about the workers? they have to sit there and put their lives at risk? they aren t safe. it hurts their pay. this has to come from somewhere. customers and everybody else talk about inflation. part of inflation is the fact you pay for stolen goods. families are getting hit. when you talk about the workers we had a great interview about robots acting as security guards. is that enough to deter a criminal? they know they are being watched. they know there are cameras. for robots taking im pages does
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reach. chicago is struggling mightily with crime. area near the walgreens has seen more than 50 crimes in the past year alone. op-ed reads anarchy in the usa. $1 hundred billion a year stolen by brazen shoplifters, dystopian stores locking away their goods. police invisible. is this the lawless america we really want? despite all that walgreens says its move is not about theft. mike tobin has more from chicago. mike. you ve seen all of the videos of the shoplifters without a care in the world. the flash mobs overrunning stores. now we see the response. what is behind me there could very well be the future. walgreens has redesigned one of their retail outlets in chicago s south loop. the bulk of the store is empty. retail is limited to two aisles which customers can walk through and select items and some of those items are still locked down. most of the inventory is protected in the back of the store. shoppers get on a kiosk, make
itself and yet we still would be able to pay our bills. explain. yeah. you have to bend the spending curve. people forget this. we bring about $4 hundred billion a month in tax revenue but spend $5 hundred billion a month. those are rough numbers. if you can bend your spending curve down so that you don t have to have a deficit spend of $1 hundred billion a month you might start so if you have to increase your debt limit, you can do it at a lower rate than otherwise. but right now that s not what this administration wants to do. in some instances they talked about raising spending. harris: i m glad you explained that because that s beyond embarrassing that we can t figure out that when you bring in less than you spend. if run your household like that they ll get your house.