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FOXNEWS FOX and Friends June 4, 2024 10:41:00

Position is not being challenged. it s not challenged by the european euro and not the yuan. brian: considering it this group might do it. russia has to because we kind of kicked them out. i don t think it will make difference in the long run to the dominance of the u.s. dollar. the threat from the dollar is if its value goes down our price goes up. if biden s economic policies move the dollar down, import prices go up and we all feel more pain from inflation. that s the problem with the dollar it not its dominance worldwide in my opinion. we don t know what is happening in russia regarding the currency there. we do know what is happening here. and we are about to see the costs that we pay for gasoline go through the roof again because opec plus is flexing their muscle and, once again, we are caught short. fill up your gas tank now ports fans because prices are ....

European Euro , Joe Biden , U S , Import Prices , Dollar Down , Opec Plus , Gasoline Go , Gas Tank ,

FOXNEWS FOX and Friends June 4, 2024 11:11:00

Traded by 90% of the world s markets. the question is when france is in china right now. macron, is he going to ask for a deal there? the those bric countries formed their own country are they going to start trading on the yuan? that s going to be up for them. the best thing we can do is strengthen the dollar get our fiscal house together pursue other countries listen if you go and leave our currency there will be a price to pay for that we can t just sit there and watch. steve: well, i was just watching. we just put up a graphic and the top line was terrifying. it s not helpful. japan has begun importing oil from russia. brian: which is crazy. steve: it is crazy. you know, they are supposed to be listen, the way to get russia s attention is for there to be a united front. and we re doing it. we re not buying oil from russia. but suddenly one of our allies is not helping us. ainsley: we have all of these sanctions now. put sanctions on money. ....

United States , United Front ,

FOXNEWS FOX and Friends June 4, 2024 10:40:15

Transcripts for FOXNEWS FOX and Friends 20240604 10:40:15
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Stuart Varney , Fox Business ,

FOXNEWS FOX and Friends June 4, 2024 11:10:00

Western nations and financial networks cannot deal in the dollar now. what is russia doing? they re getting cozy with china and suddenly we are seeing this in every department. ainsley: i have been worried about it but then we had peter varney on our show. steve: stuart who is peter varney. brian: he had his rival. ainsley: we had stuart varney on our show he said i wouldn t worry about it this is a scare story. brian: china, if you want to trade with me in the yuan, i will do that now we have would you buy my oil i will give you a discount if you accept the one. took them off the swift system. is the one ba yuan worth anythi. and its worth. do you want to start trading on that when america has this history of a solid dollar and ....

Stuart Varney , Peter Varney , The One , Scare Story , United States , Yuan Worth Anythi ,

FOXNEWS FOX and Friends June 4, 2024 11:12:00

steve: they don t work if everybody is not on the same page. ainsley: when you try to do a foreign transaction in russia. some of these banks that had to close, there are restrictions on them. they are not trading in the dollar anymore. that s why china has stepped. in a lot of that, too. because russia has to pay the price for what they have done to ukraine. brian: the japanese leader just visited with zelenskyy. now how they can start trading with russia who is inflicting all of this pain on the world. steve: it s cheaper. they are saving money. ainsley: it s just wrong. brian: it s flat out wrong. you can t have an alliance and throw in the street to save some money on oil. here is stuart varney. the chinese are trying to mussel in to the dollar s dominance with their own currency, the yuan. they made a little bit of progress oil trades between russia and china done in dollars. but that s just a minor incursion. at the moment, 90% of all the world s transactions are ca ....

Sand Lot , Stuart Varney , Progress Oil Trades ,