RUSH TRANSCRIPT Little gears ░░░░░░░░ there s a slaughter ░░░░░░░░ in every region Neil ░░░░░░░░ has great success selling ░░░░░░░░ 50 bucks 60 bucks ░░░░░░░░ s the reality that ░░░░░░░░ faces of the meat ░░░░░░░░ and all types of ░░░░░░░░ prices have rocketed and ░░░░░░░░ of this well before ░░░░░░░░ jbs meat wholesaler The ░░░░░░░░ attack Implications for businesses ░░░░░░░░ are trying to get ░░░░░░░░ the post pandemic ground ░░░░░░░░ s get the read ░░░░░░░░ Erin Gibbs George of ░░░░░░░░ capital founder and chairman ░░░░░░░░ last but not leave ░░░░░░░░ Moore former adviser to ░░░░░░░░ Trump Steve many restaurant ░░░░░░░░ whom I ve been ░░░░░░░░ who are clearly feeling ░░░░░░░░ impact or clearly getting ░░░░░░░░ sense from customers that ░░░░░░░░ are okay paying more ░░░░░░░░ they won t pay ░░░░░░░░ lot more They won ░░░░░░░░ pay twice more and ░░░░░░░░ s what s happening ░░░░░░░░ Is it a worry ░░░░░░░░ you that it could ░░░░░░░░ the economic recovery we ░░░░░░░░ seeing Well it sure ░░░░░░░░ mean higher inflation is ░░░░░░░░ a killer of market ░░░░░░░░ and also strong economies ░░░░░░░░ think of these small ░░░░░░░░ I think we have ░░░░░░░░ like 9 million small ░░░░░░░░ in this country and ░░░░░░░░ of the double whammy ░░░░░░░░ re facing right now ░░░░░░░░ of all they have ░░░░░░░░ rise in prices as ░░░░░░░░ gentleman does in terms ░░░░░░░░ beef prices and you ░░░░░░░░ seeing beef prices produce ░░░░░░░░ gasoline prices across the ░░░░░░░░ transportation prices but then ░░░░░░░░ top of that you ░░░░░░░░ got the problem that ░░░░░░░░ small businesses the restaurants ░░░░░░░░ stores the the factories ░░░░░░░░ construction companies can t ░░░░░░░░ the workers back on ░░░░░░░░ job and so you ░░░░░░░░ got this double whammy ░░░░░░░░ s really hammering the ░░░░░░░░ businesses By the way ░░░░░░░░ big businesses are doing ░░░░░░░░ fine the targets and ░░░░░░░░ Walgreens and the Wal ░░░░░░░░ and the Amazon it ░░░░░░░░ really the little guy ░░░░░░░░ gets hammered by these ░░░░░░░░ constriction of the labor ░░░░░░░░ and then the higher ░░░░░░░░ Neil You know I ░░░░░░░░ just wondering Aaron we ░░░░░░░░ seen uptick in food ░░░░░░░░ related commoditieses long before ░░░░░░░░ ransomware incidents and consumers ░░░░░░░░ get to a point ░░░░░░░░ they ll either stop ░░░░░░░░ you know more expensive ░░░░░░░░ of meat or everyone ░░░░░░░░ a vegetarian which could ░░░░░░░░ a national emergency your ░░░░░░░░ thoughts What I do ░░░░░░░░ is delve down into ░░░░░░░░ of the commodity prices ░░░░░░░░ some of the futures ░░░░░░░░ what really drove a ░░░░░░░░ of the price hikes ░░░░░░░░ have seen 30 jump ░░░░░░░░ chicken prices over the ░░░░░░░░ 3 months was a ░░░░░░░░ of the wheat and ░░░░░░░░ the items that go ░░░░░░░░ feeding those animals had ░░░░░░░░ by 40 for the ░░░░░░░░ 3 months The good ░░░░░░░░ that corn meat most ░░░░░░░░ the grains have come ░░░░░░░░ in the past month ░░░░░░░░ to 6 if you ░░░░░░░░ at prices We have ░░░░░░░░ consider this as short ░░░░░░░░ inflation and certainly hard ░░░░░░░░ some companies to get ░░░░░░░░ but there are early ░░░░░░░░ that is the commodities ░░░░░░░░ coming down in the ░░░░░░░░ month which should trickle ░░░░░░░░ meat and other products ░░░░░░░░ You know a lot ░░░░░░░░ people look at this ░░░░░░░░ on where you were ░░░░░░░░ and for recent generation ░░░░░░░░ younger folks this seems ░░░░░░░░ an anomaly and they ░░░░░░░░ worried about it There ░░░░░░░░ others you know like ░░░░░░░░ long gas lines and ░░░░░░░░ are nowhere near that ░░░░░░░░ are you on this ░░░░░░░░ we get to those ░░░░░░░░ do you think I ░░░░░░░░ very concerned to be ░░░░░░░░ I think this is ░░░░░░░░ biggest threat to both ░░░░░░░░ street and Wall Street ░░░░░░░░ economy and investments for ░░░░░░░░ and I was intrigued ░░░░░░░░ other day where I ░░░░░░░░ that President Biden called ░░░░░░░░ Summers the former Clinton ░░░░░░░░ Obama economic aide and ░░░░░░░░ him what the concerns ░░░░░░░░ Larry Summers concerned that ░░░░░░░░ inflationary policy hit the ░░░░░░░░ guy They don t ░░░░░░░░ hit the big business ░░░░░░░░ hit small businesses and ░░░░░░░░ hit consumers because they ░░░░░░░░ all of the costs ░░░░░░░░ passed through ordinary people ░░░░░░░░ a lot of folks ░░░░░░░░ a hard time affording ░░░░░░░░ gas prices and higher ░░░░░░░░ prices Neil You know ░░░░░░░░ consumers are worried about ░░░░░░░░ of this they have ░░░░░░░░ funny way of showing ░░░░░░░░ They are buying numbers ░░░░░░░░ certainly the confidence numbers ░░░░░░░░ as highest as they ░░░░░░░░ ever been and I ░░░░░░░░ if you see that ░░░░░░░░ or if there s ░░░░░░░░ so much buying that ░░░░░░░░ can do once federal ░░░░░░░░ and things like that ░░░░░░░░ know cease and their ░░░░░░░░ cease as well Steve ░░░░░░░░ go ahead No matter ░░░░░░░░ high the beef prices ░░░░░░░░ I m not becoming ░░░░░░░░ vegetarian okay I want ░░░░░░░░ good steak and a ░░░░░░░░ pork chop When what ░░░░░░░░ you get when you ░░░░░░░░ higher prices of gasoline ░░░░░░░░ groceries is what it ░░░░░░░░ it reduces the value ░░░░░░░░ your paycheck right and ░░░░░░░░ people in the middle ░░░░░░░░ at the bottom are ░░░░░░░░ ones really feeling the ░░░░░░░░ of this which is ░░░░░░░░ because remember Joe Biden ░░░░░░░░ will not raise taxes ░░░░░░░░ people who make less ░░░░░░░░ 400 000 but every ░░░░░░░░ that you go to ░░░░░░░░ gas station or grocery ░░░░░░░░ you re paying a ░░░░░░░░ tax for the higher ░░░░░░░░ The big question and ░░░░░░░░ know we may Neil ░░░░░░░░ m sorry I m ░░░░░░░░ you my friend but ░░░░░░░░ mentioned tax hikes I ░░░░░░░░ to go to Europe ░░░░░░░░ Yellen is talking about ░░░░░░░░ global agreement among the ░░░░░░░░ the richest nations on ░░░░░░░░ to establish a minimum ░░░░░░░░ tax on companies of ░░░░░░░░ least 15%.