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FOXNEWSW Fox July 5, 2024

prison in today s b-uppercase-letter porky s transfer very good evening i am jon scott and this is the fox report. or on all of those stories in a moment. but first, summer campaign season is kicking off this weekend and iowa. nearly the entire pool of republican 2020 per candidate for writing motorbikes, firing up the grill giving speeches today to try to win potential voters. the jam packed day the hawkeye state annual roast and ride event. senior national correspondent rich edson is in des moines, iowa to recap all the action force. giving jon. the bbq was long gone. you can still send in the air here at the des moines fairgrounds in iowa. centered on the ernst & young plate got a bunch of harley-davidson bikes ready to go she led the way to the fairgrounds they were here ready to speak and meet with voters former vice president mike pence was the only one to ride a bike here but we asked him and others about former president trump prize-winning kim jong-un own nor ....

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FOXNEWS Fox Report With Jon Scott June 4, 2024 22:23:00

As a consequence we look at say services like restaurants and rental cars and things like that they are jumping at 5% a year they re not likely to come down very much anytime soon. all of these businesses are paying so much for workers. you mention the wages are rising and they are. but compared with the rate of inflation according to the consumer price index they are not keeping up. we have got 43% increase in wages in this country trying to catch up with a 4.9% in inflation. everybody is losing out of those numbers hold. invited administration seems to believe more inflation is good for the economy. that is what goes on in the west wing right now. however if you look at the biden presidency over the last nine, in seven of those inflation passed out run wages. in the eighth it was zero and only and one quarter did workers gain anything. ....

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FOXNEWS Fox Report With Jon Scott June 4, 2024 22:26:00

Facing 11% inflation eat raised interest rates to about 18%. they need to be much more aggressive. it s painful for a brief period of time but instead workers are suffering eight slow water torture at the supermarket week after week, month after month their pay goes up but not quite enough to make up for the price increases. it is really quite sad what is happening. jon: it really is and frustrating to receive the prices just continuing to rise. absolutely. my feeling it is a terrible mistake to pause the need to be much more aggressive. sure it will have pain if that happens it s better to have a brief period of pain, get the inflation out of the way to get over this idea that somehow or rather spending too much money having some inflation is good for ordinary people. was the first lesson in economics? there s no such thing as a free lunch break you cannot spend money you don t have the quickset is for sure good to talk to you, thanks. take care. of new worries about president b ....

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FOXNEWS Fox Report With Jon Scott June 4, 2024 22:22:00

regardless of the memory think of 3.7 at the jump from 3.43.7 unemployment more than 300,000 jobs created just this last month is a strong of a very strong labor market and a resilient economy. it s important to actually put those two together and see how we see the trajectory as we look at the economy continuing to grow. jon: white house press secretary touting another strong jobs report despite a jump in the unemployment rate. how s that going to affect inflation as well as interest rates? let s bring in former u.s. international trade commission chief economist and university of maryland business professor. also a very smart guy. 339,000 jobs added, peter. the white house obviously pretty happy about that. but what does it do to the inflation numbers? the job market is red-hot and or wages are rising very rapidly ....

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FOXNEWS Fox Report With Jon Scott June 4, 2024 22:05:00

Making their payments for the cherry on the whip cream here, it is a giveaway to billionaires. kansas senator roger marshall was 131 gop senators against the bill he spoke earlier in boxford by speaker mccarthy did the bestie could he play the best hand he had. we did not have much is why we did not negotiate on the senate side we have eight liberal socialist. this does not care about the events for. by the administration spent more on defenses in the biden defense budget is factor inflation at a time of rising tensions. right lucas tomlinson at the white house. with this thank you. but leadership is not about entertainment. it s not about virtual signaling it s ultimately about results. as we do the state of florida. 2024 presidential candidate ....

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