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Date
Summary
Cavuto: Coast to Coast (clip)
Subjects
Source
Fox Business Network

Name: Fox Business Network

URL: http://www.foxbusiness.com/index.html

Show
Cavuto: Coast to Coast

Name: Cavuto: Coast to Coast

URL: http://www.foxbusiness.com/shows/cavuto.html

Persons
Neil Cavuto

Name: Neil Cavuto

Employment: Fox Business Network

Position: Host; Anchor

Event
Event location
Link
Not online media
Original recording
Uploaded
05/10/2021 02:37 pm
Type
Video
Format
MP4 (1280x720) Use clipper to adjust file type
Duration
0:05:07
Views
330
Purchases
0
Transcript
RUSH TRANSCRIPT Welcome back ░░░░░░░░ coast to coast I ░░░░░░░░ Grady Trimble in Chicago ░░░░░░░░ we re following the ░░░░░░░░ rising cost of lumber ░░░░░░░░ the fallout from that ░░░░░░░░ National association of builders ░░░░░░░░ because of the rising ░░░░░░░░ of lumber the average ░░░░░░░░ home will cost you ░░░░░░░░ 36 000 Lumber prices ░░░░░░░░ 250 compared to a ░░░░░░░░ ago John here at ░░░░░░░░ lumber knows this We ░░░░░░░░ heard from a customer ░░░░░░░░ said I wanted to ░░░░░░░░ a second floor of ░░░░░░░░ home I m no ░░░░░░░░ doing it because it ░░░░░░░░ too darn much People ░░░░░░░░ getting financial squeeze They ░░░░░░░░ to do things how ░░░░░░░░ they afford it at ░░░░░░░░ prices What is the ░░░░░░░░ cause of this Demand ░░░░░░░░ up people are building ░░░░░░░░ sheds new homes during ░░░░░░░░ pandemic Is that the ░░░░░░░░ reason They re also ░░░░░░░░ production problems People are ░░░░░░░░ coming to work in ░░░░░░░░ mills and trucking all ░░░░░░░░ that So now we ░░░░░░░░ a problem of transportation ░░░░░░░░ just production Reporter we ░░░░░░░░ heard of this labor ░░░░░░░░ causing issues across industries ░░░░░░░░ is the latest one ░░░░░░░░ long can this last ░░░░░░░░ at some point like ░░░░░░░░ heard from that customer ░░░░░░░░ will say you know ░░░░░░░░ I will wait until ░░░░░░░░ go back down but ░░░░░░░░ that happen We ll ░░░░░░░░ to find out It ░░░░░░░░ be interesting to see ░░░░░░░░ is nothing I guess ░░░░░░░░ the immediate future until ░░░░░░░░ demand stops Reporter as ░░░░░░░░ right now David doesn ░░░░░░░░ seem like that will ░░░░░░░░ as John indicated there ░░░░░░░░ may continue to rise ░░░░░░░░ is pretty hard to ░░░░░░░░ David sure is Grady ░░░░░░░░ you very much It ░░░░░░░░ not just lumber folks ░░░░░░░░ study showing prices of ░░░░░░░░ from processed meat to ░░░░░░░░ products have skyrocketed by ░░░░░░░░ digit percentages over the ░░░░░░░░ year Let s bring ░░░░░░░░ our panel of market ░░░░░░░░ George Seay and Jeff ░░░░░░░░ Jeff first to you ░░░░░░░░ think it is very ░░░░░░░░ If the government continues ░░░░░░░░ print money to pay ░░░░░░░░ these trillion dollars programs ░░░░░░░░ will have more inflation ░░░░░░░░ is too much money ░░░░░░░░ too few goods That ░░░░░░░░ what we have in ░░░░░░░░ economy right now I ░░░░░░░░ you could have made ░░░░░░░░ argument many times over ░░░░░░░░ last couple decades and ░░░░░░░░ we didn t have ░░░░░░░░ tremendous amount of inflation ░░░░░░░░ m very sympathetic to ░░░░░░░░ view we have a ░░░░░░░░ of cash coming in ░░░░░░░░ is causing a dislocation ░░░░░░░░ s remember the cure ░░░░░░░░ high commodity prices is ░░░░░░░░ commodity prices Because that ░░░░░░░░ new production online It ░░░░░░░░ time but that has ░░░░░░░░ the tradition Wage inflation ░░░░░░░░ a little bit more ░░░░░░░░ but we re not ░░░░░░░░ yet David but the ░░░░░░░░ is George you do ░░░░░░░░ a problem of around ░░░░░░░░ which is actively trying ░░░░░░░░ end our reliance on ░░░░░░░░ commodities like oil for ░░░░░░░░ That is causing prices ░░░░░░░░ go up That will ░░░░░░░░ be helped by competition ░░░░░░░░ the government is trying ░░░░░░░░ kill the industry Well ░░░░░░░░ Fed thinks this will ░░░░░░░░ out after two or ░░░░░░░░ quarters they re confident ░░░░░░░░ their viewpoint on that ░░░░░░░░ are placing a large ░░░░░░░░ If it doesn t ░░░░░░░░ down it will be ░░░░░░░░ for the economy Very ░░░░░░░░ people remember the stagflation ░░░░░░░░ the mid to late ░░░░░░░░ It was miserable time ░░░░░░░░ the economy The carter ░░░░░░░░ put out how miserable ░░░░░░░░ was I worry more ░░░░░░░░ main street David the ░░░░░░░░ guy has to pay ░░░░░░░░ more for milk flour ░░░░░░░░ its them hard The ░░░░░░░░ pass prices through raising ░░░░░░░░ holding hands jumping into ░░░░░░░░ inflation being caused by ░░░░░░░░ government David Jeff I ░░░░░░░░ into the job market ░░░░░░░░ the late 1970s It ░░░░░░░░ also not only inflation ░░░░░░░░ was killing us by ░░░░░░░░ rates which were higher ░░░░░░░░ Fed thinks it can ░░░░░░░░ interest rates down by ░░░░░░░░ up all the treasury ░░░░░░░░ they can find to ░░░░░░░░ of 150 billion a ░░░░░░░░ maybe a little less ░░░░░░░░ more depending on the ░░░░░░░░ but is the Fed ░░░░░░░░ to play a fool ░░░░░░░░ errand believing they can ░░░░░░░░ interest rate rises because ░░░░░░░░ this Ultimately if you ░░░░░░░░ inflationary expectations enough which ░░░░░░░░ not yet happened that ░░░░░░░░ overcome anything the Fed ░░░░░░░░ as far as I ░░░░░░░░ concerned David yeah It ░░░░░░░░ purchases as well as ░░░░░░░░ long term commitment to ░░░░░░░░ fed funds rates that ░░░░░░░░ pulling down the whole ░░░░░░░░ curve right now as ░░░░░░░░ And that can go ░░░░░░░░ unless really break these ░░░░░░░░ expectations to the upside ░░░░░░░░ Jeff and George we ░░░░░░░░ to leave it at ░░░░░░░░ good to see you ░░░░░░░░ Thank you very much ░░░░░░░░ the break why one ░░░░░░░░ restaurant owner is blame ░░░░░░░░ worker shortage on a ░░░░░░░░ leadership failure in the ░░░░░░░░ state More cavuto coast ░░░░░░░░ coast” after this. ...
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