Latest / The 47 Morning Update with Ben Ferguson / Holiday Spending to Break $1 Trillion as Democrats Push Economic Narrative

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Holiday Spending to Break $1 Trillion as Democrats Push Economic Narrative · The 47 Morning Update with Ben Ferguson

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  Speaker 1: We must now re examine every single alien who's entered
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  Speaker 3: You're listening to the forty seven Morning Update with Ben ferguson.
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  Speaker 4: Good Black Friday. So nice to have you with us
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  Speaker 4: on the forty seven Morning Update. And we've got a
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  Speaker 4: big economic story for you, and it deals with affordability
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  Speaker 4: and major changes that have come under the Trump administration
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  Speaker 4: in less than a year of being in office. So
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  Speaker 4: why are the Democrats all about doom and gloom and
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  Speaker 4: where the facts actually sang about prices, especially if so
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  Speaker 4: many are spending big bucks today.
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  Speaker 2: At k e PM dot com.
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  Speaker 4: It's the forty seven Morning Update and it starts right now.
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  Speaker 2: Story number one.
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  Speaker 4: There's a word that a lot of you may have heard, affordability.
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  Speaker 4: It is the obsession word of the Democratic Party right now,
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  Speaker 4: something they never mentioned when Joe Biden was President of
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  Speaker 4: the United States of America. Instead, they lied to you
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  Speaker 4: and said that there was no such thing as inflation,
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  Speaker 4: that it was transitory, and that things were quote getting
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  Speaker 4: better and gas prices really weren't that bad.
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  Speaker 2: Well, now they're wanting.
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  Speaker 4: Americans to believe that the economy is a disaster and
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  Speaker 4: they're trying to blame Donald Trump for everything. So let's
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  Speaker 4: talk about the facts of where we were a year
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  Speaker 4: ago compared to now, specifically around Black Friday and holiday
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  Speaker 4: trap for Thanksgiving travelers.
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  Speaker 2: There's a bit of good news.
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  Speaker 4: Let me say that again, a bit of good news
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  Speaker 4: for you at the pump. Gas prices are holding steady,
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  Speaker 4: a far crime from the sticker shock of recent years.
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  Speaker 4: Gas Buddy is now forecasting a national average three dollars
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  Speaker 4: and two cents per gallon over the holiday, matching yes,
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  Speaker 4: a low price that we needed desperately to help Americans,
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  Speaker 4: and we also now know that there's other things that
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  Speaker 4: are really exciting Thanksgiving gas prices. This is the lowest
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  Speaker 4: we've had since the pandemic, when the national average hit
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  Speaker 4: three dollars and thirty nine cents a gallon in twenty
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  Speaker 4: twenty one and three dollars and fifty six cents a
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  Speaker 4: gallon in twenty twenty two. Gas prices are coming down
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  Speaker 4: and for many drivers, and national stability is showing up
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  Speaker 4: locally as well. Nearly thirty states now boast average prices
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  Speaker 4: of under three dollars a gallon, from Colorado to New
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  Speaker 4: Hampshire to Georgia. According to Triple A, Oklahoma tops the
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  Speaker 4: list with an average of just two dollars and fifty
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  Speaker 4: cents a gallon. That is a welcome number on many
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  Speaker 4: gas station signs for consumers. Now at the other end
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  Speaker 4: of the spectrum, where liberals are in charge, you've still
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  Speaker 4: got paint at the pump with overregulation and taxation. Let
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  Speaker 4: me give you an example of that. California is now
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  Speaker 4: topping the list as the most expensive state when it
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  Speaker 4: comes to buying a gallon of gasoline. When you look
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  Speaker 4: at Oklahoma, a conservative state with not a lot of
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  Speaker 4: regulation to make prices skyrocket, and certain blends a demand
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  Speaker 4: to protect the environment right because of global warming, well,
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  Speaker 4: compare it to what they're paying in California. It is
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  Speaker 4: four dollars and sixty three cents per gallon compared to
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  Speaker 4: just two to fifty galls in Oklahoma. Hawaii is actually cheaper,
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  Speaker 4: and that's not something you hear about very often, as
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  Speaker 4: Hawaii is one of the most expensive places to just
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  Speaker 4: get gasoline. Two it is now less expensive to buy
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  Speaker 4: a gallon of gas in Hawaii than it is with
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  Speaker 4: all the regulations on gasoline in California. Hawaii at four
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  Speaker 4: dollars and forty seven cents a gallon, compared to four
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  Speaker 4: to sixty three in California. Washington State, another liberal bastion
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  Speaker 4: of well socialism, they now are at four dollars and
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  Speaker 4: eighteen cents a gallon, and rounding out the top ten
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  Speaker 4: are Nevada at three eighty four a gallon, Alaska at
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  Speaker 4: three seventy five a gallon, Arizona at three thirty seven
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  Speaker 4: a gallon, and three states tied at three twenty nine Pennsylvania.
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  Speaker 2: Idaho, and Illinois.
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  Speaker 4: Meanwhile, the most affordable gas can be found in conservative
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  Speaker 4: states Oklahoma at two dollars and fifty seven and cins
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  Speaker 4: a gallon, Mississippi at two sixty one a gallon, and
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  Speaker 4: Louisiana two sixty five a gallon.
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  Speaker 2: Those states.
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  Speaker 4: The follow other conservative states Tennessee at two sixty six
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  Speaker 4: a gallen, Arkansas at two sixty seven a gallen, Texas
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  Speaker 4: at two seventy a gallon, Kansas at two seventy one,
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  Speaker 4: Missouri at two seventy three, Alabama two seventy three in
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  Speaker 4: Kentucky at two seventy four a gallon. You notice the
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  Speaker 4: trend here. Where there are conservative states, there are lower prices.
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  Speaker 2: And when you have the.
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  Speaker 4: Most radical liberals were at what are their prices almost
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  Speaker 4: double what is being paid in conservative states. TRIPLEA anticipates
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  Speaker 4: at nearly eighty two million Americans will journey at least
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  Speaker 4: fifty miles from home over the Thanksgiving holiday, one point
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  Speaker 4: six million more than last year, marking a record high
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  Speaker 4: for Thanksgiving travel. Now the revelation comes to the Trump
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  Speaker 4: administration is pushing ahead on energy, dominance independence. It's a
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  Speaker 4: key pillar President Donald Trump's economic and national security agenda.
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  Speaker 4: And while Thanksgiving marks the year's busiest travel stretch, it
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  Speaker 4: isn't the only time drivers have caught a break. This
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  Speaker 4: Labor Day, motors saw the lowest gas prices in a
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  Speaker 4: half a decade. So this is not just one blip
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  Speaker 4: on the map. It's a clear trend because of the
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  Speaker 4: President of the United States America putting Americans first, which
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  Speaker 4: also brings us to what's about to happen with US
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  Speaker 4: holidays spending. How do Americans actually feel about the economy
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  Speaker 4: and where we are right now? US holidays spending, we're
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  Speaker 4: now being told is expected to top one trillion dollars
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  Speaker 4: for the first time ever. I want you to take
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  Speaker 4: a listen to what they had to say about the
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  Speaker 4: holidays and shopping patterns this year on Fox Business Channel.
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  Speaker 4: Concerns about the economy, people are still looking to spend.
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  Speaker 5: Jerry Willis has the numbers, She joins us Now, hey, Jerry, Yeah,
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  Speaker 5: you know, it's interesting everybody asking just how generous American
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  Speaker 5: consumers will be this holiday season. The question still under debate.
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  Speaker 5: Both Price Waterhouse and Deloitte surveys of consumers showing Americans
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  Speaker 5: tightening their purse strings with declines of anywhere from five
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  Speaker 5: to ten percent. Gen Z the most cautious, saying they
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  Speaker 5: plan to spend twenty three percent less than last year,
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  Speaker 5: but the National Retail Federation sees sales rising two point
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  Speaker 5: nine to three point four percent, breaking through the one
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  Speaker 5: trillion mark for the first time.
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  Speaker 2: Matter now.
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  Speaker 5: Meanwhile, the big discounters like Walmart, TJ Max showing strong
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  Speaker 5: early results. But what can consumers expect is they hit
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  Speaker 5: them all. Some fire up their web browsers this holiday season.
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  Speaker 5: One retail consultant says, potential Price hikes loom with the
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  Speaker 5: elimination of the Dominimu's tariff, which allowed goods under one
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  Speaker 5: thousand from offshore to enter the US duty free. She
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  Speaker 5: says it could cost sticker shock for some consumers.
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  Speaker 6: Listen, you need to buy now because we don't know
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  Speaker 6: what's going to happen. Tariffs could go up at any point,
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  Speaker 6: in which case those prices will get passed on. The
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  Speaker 6: price increase we will immediately get passed on to the
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  Speaker 6: consumer now.
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  Speaker 5: Travel snaffoos could also make it difficult to get your
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  Speaker 5: presence delivered on time, so Herzog is also recommending shipping
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  Speaker 5: presents early by December seventeenth at the least, plus the
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  Speaker 5: big the best prices that is on big ticket electronics
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  Speaker 5: will be available after the holiday season January fifth and later.
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  Speaker 5: Bottom line, if you want to save money this holiday season,
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  Speaker 5: make a list, stick to it, and start early now.
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  Speaker 4: This is also happening as we're seeing something else that's
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  Speaker 4: going to make you very happy, and that is Thanksgiving.
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  Speaker 4: Mail costs have declined to the lowest level in four years.
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  Speaker 4: Another example of a affordability the Democrats are trying to
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  Speaker 4: say is terrible and actually it's running yet again in
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  Speaker 4: the right direction. The costs of a traditional Thanksgiving meal
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  Speaker 4: down sharply, falling to the lowest price since twenty twenty one,
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  Speaker 4: according to the American Farm Bureau. The Farm Bureau's fortieth
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  Speaker 4: Anniel survey found that a classic Thanksgiving dinner for ten
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  Speaker 4: people will cost fifty five to eighteen that is down
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  Speaker 4: five percent from last year. Since nineteen eighty six, volunteers
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  Speaker 4: across all fifty states in Puerto Rico have been organized
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  Speaker 4: by the American Farm Bureau to record local prices for turkey,
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  Speaker 4: cube stuffing, sweet potatoes, dinner rolls, frozen peas, fresh cranberry, salery, carrots,
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  Speaker 4: pumpkin pie mix and crust, whipping cream, and whole milk.
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  Speaker 4: Price is soared during the presidency of Joe Biden, with
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  Speaker 4: inflation rising to the worst pace in forty years. The
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  Speaker 4: price of a classic Thanksgiving meal searched fourteen percent in
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  Speaker 4: twenty twenty one alone, Biden's first year in office, then
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  Speaker 4: hitting a record high of fifty three to thirty one,
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  Speaker 4: despite the administration's insistence that the price increases were transitory
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  Speaker 4: or the result of a temporary supply shock. The following year,
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  Speaker 4: what came to be called Biden, inflation was even worse.
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  Speaker 4: The price of a Thanksgiving meal jumped another twenty percent
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  Speaker 4: to a skyrocketing sixty four oh five. By Biden's final Thanksgiving,
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  Speaker 4: the price of a traditional family holiday meal was twenty
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  Speaker 4: four percent higher than it was when he took office. Yes,
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  Speaker 4: almost a twenty five percent increase. This year's decline was
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  Speaker 4: driven by a sharp fall in the price of turkey.
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  Speaker 4: A sixteen pound turkey will cost an average of twenty
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  Speaker 4: one to fifty That is down sixteen percent from Joe
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  Speaker 4: Biden's final year in office. So is the economy getting better? Yes,
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  Speaker 4: It's pricing getting better for you, yes? And is this
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  Speaker 4: something we should all be excited about? You better believe it.
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  Speaker 3: Thank you for listening to the forty seven Morning Update
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  Speaker 3: with Ben Ferguson. Please make sure you hit subscribe wherever
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  Speaker 3: and we will see you back here tomorrow.