WITH RUSSIA, SIDES WITH RUSSIA.
NEIL: GREAT REPORTING AS ALWAYS.
JACQUI HEINRICH ON THAT.
JOHN CATSIMATIDIS JOINS US RIGHT
NOW, BILLIONAIRE BUSINESSMAN,
BIG IN OIL.
I SEE ALL HIS COMPANIES, UNITED
REFINING, RED APPLE GROUP,
CATSIMATIDIS ONE OF THE PREMIER
NAMES IN THE GROCERY WORLD.
HE COVERS ALL BASES.
I THINK YOU DONE WELL FOR
YOURSELF, MY FRIEND.
GOOD TO SEE YOU?
>> THANK YOU FOR HAVING ME.
WE HAVE THE PULSE OF ALMOST
EVERY INDUSTRY.
THAT IS WHY WE PUT IT TOGETHER A
LITTLE BETTER THAN OTHER PEOPLE
AND WHAT THE SAUDIS ARE SAYING
THEY TRUST WASHINGTON ZERO AND,
RIGHT NOW THEY HAVE NO FAITH IN
WASHINGTON.
WHY DOES PRESIDENT BIDEN WOULD
RATHER BUY FROM VENEZUELA THAN
FROM TEXAS, THAN FROM ALASKA,
FROM CANADA?
IT MAKES ZERO SENSE.
NEIL: WHATEVER YOUR VIEWS ON
THAT, THEY’RE TRYING TO STICK IT
TO PRESIDENT BIDEN AND HELP
VLADMIR PUTIN.
THEY’RE SAYING --
>> NOT VLADMIR PUTIN.
THEY WANT A REPUBLICAN SENATE
AND THEY WANT A REPUBLICAN
CONGRESS.
THEY FEEL --
NEIL: I THINK THEY WANT TO MAKE
MONEY.
>> THEY WANT TO MAKE MONEY BUT
THEY WANT COMMON SENSE.
NEIL: FINE.
I THINK THEY’RE ALWAYS ABOUT
MONEY.
AND I THINK THAT THEY HAVE GOT A
LIFT IN PRICES HERE.
YOU WOULD THINK THEY WOULD LEARN
FROM HISTORY, WHATEVER YOUR
VIEWS ON THE PRESIDENT,
WHATEVER, THE LAST TIME THEY DID
THIS AND TRIED TO GOUGE WESTERN
NATIONS THEY ENDED UP GOUGING
THEMSELVES AND ALMOST DROVE
THEMSELVES OUT OF BUSINESS.
DO YOU THINK THERE IS A RISK OF
THAT NOW?
>> I THINK IT IS IS ALL
LEADERSHIP.
LOOK, THE NEW PRIME MINISTER IN
ENGLAND, LEADERSHIP, THE POUND
IS UP TO $1.13.
IT WAS ALMOST 99 CENTS LAST
WEEK.
IT COMES DOWN TO LEADERSHIP.
NEIL: LIZ TRUSS HAS A LOT OF
HURT THERE.
>> YES.
NEIL: BUT YOU’RE SAYING SOME OF
THESE SIGNS ARE LOOKING
PROMISING?
>> IN THE UNITED STATES WHAT I
WOULD DO, LOOK WHAT SENATOR
SULLIVAN SAYS IN ALASKA.
WE HAVE TWO MILLION,
2.2 MILLION-BARREL PIPELINE IN
ALASKA GOING DOWN TO THE 48
STATES.
WE’RE ONLY SHIPPING 375,000.
I WOULD SAY TO THEM,
SAUDI ARABIA, KEEP YOUR TWO
MILLION BARRELS.
I WILL BRING IN TWO MILLION
BARRELS FROM ALASKA OR TEXAS.
BUT THAT IS NOT HAPPENING.
NEIL: YOU THINK THAT WOULD
HAPPEN OIL PRICES WOULD START
REVERSING SO TOO AT GROCERY
STORES?
>> YES.
OIL PRICES WILL REVERSE.
THEY WILL GO DOWN TO 55, $60 A
BARREL AND, YES, GUESS WHAT?
OVER THE NEXT THREE, FOUR
MONTHS, INFLATION WILL GO AWAY
AND WE DON’T HAVE TO DESTROY THE
ENTIRE REAL ESTATE INDUSTRY BY
KEEP RAISING INTEREST RATES.
NEIL: WOULD IT SURPRISE YOU,
JOHN, DESPITE ALL THE FED HIKES,
INFLATION IS NOT GETTING BETTER?
IN FACT IT IS GETTING WORSE.
>> FAITH, LEADERSHIP, FAITH.
THERE IS NO FAITH IN WHAT
WASHINGTON IS DOING RIGHT NOW.
THERE IS NO LEADERSHIP IN WHAT
IS GOING.
THE, IT IS NOT JUST THE UNITED
STATES CITIZENS.
IT IS THE WORLD LEADERS DON’T
HAVE THE FAITH THAT WE’RE DOING
THE RIGHT THING.
NEIL: ALL RIGHT.
THIS IS ALL ON US BECAUSE PRICES
ARE GOING UP IN GERMANY AND
FRANCE AND ITALY?
EVERYWHERE.
>> THAT’S RIGHT.
NEIL: IS ALL THAT JOE BIDEN’S
FAULT?
YOU DON’T THINK ALL --
>> WHAT JAMIE DIMON SAID THE
OTHER DAY.
JAMIE DIMON SAYS IF WE OPEN UP
THE SPIGOTS IN NORTH AMERICA
THAT THE PRICE OF OIL WILL GO
DOWN AND INFLATION --
NEIL: WORLDWIDE WOULD CHANGE
THINGS.
DO YOU THINK RIGHT NOW, THAT
INFLATION IS BECOME SO ENGRAINED
NO MATTER WHO IS PRESIDENT AT
THIS POINT, A WINDOW OF
OPPORTUNITY FOR COMPANIES TO
KEEP RAISING PRICES BECAUSE THEY
HAVE THE COMFORT AND COVER OF
OTHERS DOING THE EXACT SAME?
>> IT COULD HAPPEN.
NEIL: YOU NOTICE IT AT YOUR
GROCERY STORES?
>> IT COULD HAPPEN BUT IT,
EVERYTHING GOES BACK TO THE
PRICE OF CRUDE OIL AND, IF WE
DON’T FIX IT WILL GO THE WRONG
DIRECTION.
THE CPI IS NOT AS BAD AS ONE
WANTS IT TO LOOK LIKE.
NEIL: RIGHT.
>> DON’T FORGET, YOU EVER 30% OF
IT IS RENT HIKES, REALLY SHOULD
HAVE BEEN OVER THE LAST SIX
MONTHS.
DON’T FORGET, I JUST GOT A
LETTER FROM CON-ED TODAY FOR OUR
NEW YORK OPERATIONS.
GUESS WHAT?
ELECTRICITY IS GOING UP 22%,
30%, FOR GAS.
WHAT DOES THAT MEAN?
IT MEANS IT IS NOT IN THE CPI
YET IT SHOULD HAVE BEEN SIX
MONTHS AGO INSTEAD OF NOW.
NEIL: WHEN WE HAD THE LAST OIL
RUN-UP, THE BIG ONE IN THE
’70s, OIL PRICES EVENTUALLY
WENT DOWN BECAUSE THE ECONOMY
WAS CRASHING DOWN.
LATER ON WITH THE RATE HIKES AND
EVERYTHING ELSE.
IT TOOK OTHER ASPECTS OF
INFLATION LIKE FOOD AND ALL THE
OTHERS UP TO FIVE YEARS BEFORE
THEY FOLLOWED SUIT.
>> BUT THEY DON’T REALIZE, WHAT
THEY DON’T REALIZE RIGHT NOW,
THAT IT IS ALL COMES FROM CRUDE
OIL.
THE PRICE OF DIESEL FUEL TO
DELIVER, TO RUN EVERY FACTORY --
NEIL: I UNDERSTAND THAT, THAT
WENT DOWN BUT IT TOOK FIVE YEARS
BUT THE OTHER STUFF WENT DOWN?
>> I THINK IT WILL TAKE A LOT
LESS.
I THINK IT TAKES SIX MONTHS.
NEIL: YOU’RE A MAYBE ON
PRESIDENT BIDEN?
>> I THINK PRESIDENT BIDEN
SHOULD TAKE THE LEADERSHIP, IF
HE SHOWED LEADERSHIP AND OPENED
UP THE SPIGOTS OF NORTH AMERICA,
THE RUSSIANS WILL CRY, AND THE
SAUDI ARABIANS WILL CRY TOO.
NEIL: WHO IS THE NEXT PRESIDENT
OF THE UNITED STATES?
>> OH, THAT IS LONG WAY AWAY, A
LOT OF FACTORS.
IF YOU LOOK ON THE REPUBLICAN
END I THINK DONALD TRUMP HAS THE
KNOCK-OUT PUNCH AGAINST
EVERYBODY.
IF PRESIDENT TRUMP MAKES A
MISTAKE AND HE KNOCKS OUT
HIMSELF, THEN IT’S MAYBE
DESANTIS.
NEIL: SO YOU DON’T THINK HE
WOULD BE A DAMAGED NOMINEE?
>> I DON’T THINK SO.
NEIL: NO?
>> I THINK, A LOT OF THINGS THAT
HE DID WERE THE RIGHT THINGS FOR
OUR COUNTRY AND THE RIGHT THINGS
FOR THE WORLD.
HE HAD, THE WORLD RESPECTED HIM.
NORTH KOREA RESPECTED HIM.
PUTIN RESPECTED HIM.
NEIL: SO IF YOU WERE PUTTING MON
MONEY ON IT YOU WOULD PUT MONEY
ON TRUMP?
>> RIGHT NOW YES.
NEIL: WOULD YOU PUT MONEY ON
REPUBLICANS TAKE THE SENATE?
>> YES.
NEIL: REALLY?
>> I THINK THE AMERICAN PEOPLE
ARE SEEING, THEY’RE MAD AS HELL,
THEY’RE NOT GOING TO TAKE IT
ANYMORE.
WE HAVE TO HAVE A BALANCE OF
POWER.
IT IS NOT ABOUT BEING A
REPUBLICAN OR BEING A DEMOCRAT.
IT IS ABOUT BEING AN AMERICAN.
WE NEED A BALANCE OF POWER THAT
IF SOMETHING STUPID IS HAPPENING
LIKE THE BORDERS, THE BORDERS
ARE OUT OF CONTROL!
OUT OF CONTROL.
NEIL: YOU RUNNING FOR OFFICE?
>> I RAN FOR MAYOR ONE TIME.
NEIL: I KNOW.
>> I’M GETTING TOO OLD FOR THAT,
AM I?
NEIL: THE GUY WE HAVE IS 180.
>> AT LEAST.
NEIL: OKAY.
YOU’RE OPEN?
>> I’M OPENSUGGESTIONS.