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everyone. thank you for joining me. i m fredricka whitfield. a deal to avoid a debt default is about to be revealed. president biden and speaker mccarthy are finalizing an agreement to raise the debt limit. president biden saying this earlier today. i m about to go in and call mccarthy now at 3:00, make sure all the ts are crossed and the is are dotted. i think we re in good shape. house leaders expect the bill to be voted on as soon as wednesday. speaker mccarthy is confident the deal will pass. february 1st i sat down with the president. i said let s work together to be able to raise the debt ceiling but curb the amount of spending, to let mark be able to work again, cut red tape, get some work requirements to help people get back into work. i think this agreement frames all that from limit, save, grow. it doesn t get everything we wanted. we did a conference call with our conference and over 95% were overwhelmingly excited about what they see. they re getting a ....
A lot of these big consumer companies, i don t know why they re raising their prices like they are but we re sort of squeezed a little bit, even though we have seven stores around the metro new york area, we re not considered that big. but we ve noticed increases in just about everything. and sometimes what can you say? you can t negotiate really that tough with a big company. and those are real necessities, especially if you got all that meat like that. you need your barbecue sauce and ketchup and all that good stuff that go with it. i think that s a decision everybody has, how much do you raise the price? obviously labor s gone up, a lot of feed prices have gone up, a lot of ingredients, packaging, transportation. a lot of costs have gone up but you just don t know how much of that they re passing ons to the consumer or even more. hey, do you need any go ahead. i was just saying what we ....
Vegetable prices come down right now. the only thing we re seeing is like these guys, which still are selling like crazy but these are all the different burgers that you can do on the grill this year. and stuff like this, you know, this is that great rib eye. good golly. that s the fred flintstone kind of stuff. when the ranchers come back from kansas, that s what they want, big rib eyes. you re seeing things like that which are $20 a pound right now. last year they were probably like 18. but, you know, other things you have, like here s a porter house steak, okay? you can get a deal on a porter house steak, which is half that price right now. but you still saw meat prices creep up because of herd sizes are smaller this memorial day than last. you as you have the most ....
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Many memorial day celebrations include the traditional back yard barbecue. prices might have some seeing red. the average price of ketchup jumped from $5.22, more than 28% than last year. joining me is stu leonard jr. we love visiting your grocery store any time of the year. stu, so great to see you. i love being with you. i enjoy this today. thank you. thank you so much. what are you hearing from shoppers? obviously they are there. are they stunned by these prices? you know what, actually this year they were seeing the easing in the market right now. i really feel this is the peak of food inflation as everybody s been talking about. we re seeing fish prices come down, a lot of fruits and ....