WATCHING FROM OUR FOX TEAM IN
WASHINGTON, CHAD PERGRAM, THANK
YOU VERY MUCH.
LET’S BRING IN UNITED REFINING
COMPANY CHAIRMAN CEO JOHN CASTAM
ITIDES.
WE’LL TALK A LOT ABOUT INFLATION
AND OIL PRICES AND THE ECONOMY
BUT FIRST I WANT TO GET YOUR
INITIAL REACTION TO WHAT WE’RE
SEEING HAPPEN IN WASHINGTON.
ONCE AGAIN, THE DEMOCRATS ARE
PUSHING THROUGH A VERY LARGE
SPENDING BACK AGE, WITH 90 DAYS
TO THE MID-TERMS, SO WE’RE
ACCUSING THEM OF LOOKING TO BUY
VOTES BUT THEY WANT IT STRAIGHT
FROM THE IRS.
POSSIBLY, POSSIBLY, TO GO AFTER
SMALL BUSINESSES LIKE YOURSELF,
WITH EXTRA AGENTS.
LET’S PUT A FEW BILLION ON
87,000 IRS AGENTS.
DO WE NEED THAT RIGHT NOW, JOHN?
>> NO WE DON’T.
FORBES SAYS IT’S ABOUT A
THOUSAND BILLIONAIRES IN OUR
COUNTRY.
OKAY, YOU NEED A THOUSAND AGENTS
FOR THESE THOUSAND BILLIONAIRES.
NOW, WHAT DO YOU DO WITH THE
OTHER 84,000?
WHAT’S GOING TO HAPPEN?
WHOSE GOING AFTER THE MIDDLE
CLASS?
THEY GO AFTER THE UBER DRIVERS
NOT REPORTING THEIR TIPS.
THEY GO AFTER THE TAXICAB DRIVER
S, THE WAITERS NOT
REPORTING THEIR TIPS, AND GO
AFTER THE MIDDLE CLASS.
THEY WANT TO RAISE PRICES ON
PHARMACEUTICALS WHICH SOLVES
PROBLEMS.
I MEAN, WE WANT SOLUTIONS TO
FUTURE DISEASES AND WE WANT OUR
PHARMACEUTICAL COMPANIES TO DO
WELL, BUT WHEN YOU RAISE PRICES
ON THE PHARMACEUTICALS, THEY’RE
JUST GOING TO REFLECT IT TO THE
CONSUMER.
THE CONSUMERS GOING TO PAY FOR
IT ALL OVER AGAIN.
>> SURE.
>> AND WHO ARE THEY MAKING ALSO
HAPPY ON THEIR, NOT SAYING THIS
, THE 84,000 IRS GUYS?
THEY ARE MAKING THE UNIONS HAPPY
BECAUSE THE UNIONS ARE GOING TO
HAVE 84,000 NEW MEMBERS, SO IT
ALL GOES BACK TO FOR WHOM DO THE
BELLS TOLL?
I’M NOT AGAINST UNIONS, BUT,
NOBODY IS SAYING IT, NOBODY IS
SAYING IT BUT THAT’S WHO THEY’RE
TAKING CARE OF.
>> I LOVE IN NEW YORK CITY I’M
NOT A BIG FAN OF UNIONS I’LL SAY
THAT, JOHN, BUT THE OTHER THING
WE’RE SEEING ON ONE SIDE YOU’VE
GOT THE DEMOCRATS PUSHING
THROUGH AGAIN, 700 BILLION-PLUS,
RIGHT?
WE HAD ALL THAT STIMULUS LAST
YEAR.
THEN HE BLAMED THE STIMULUS
SPENDING FROM LAST YEAR FOR THE
REASON WE’RE SEEING SUCH
HIGH INFLATION RIGHT NOW,
WHETHER IT WAS OIL & GAS PRICES
WHICH HAVE COME BACK DOWN TO BE
CLEAR, OR FOOD INFLATION,
SHELTER INFLATION, YOU AND I
WERE TOGETHER ON WEDNESDAY WHEN
THE CPI REPORT BROKE IN THE
STUDIO ACTUALLY, AND THE
BREAKDOWN, EVERYTHING WAS
HIGHER EXCEPT FOR OIL & GAS.
I WILL GIVE YOU CREDIT THOUGH
YOU DID SAY YOU THOUGHT OIL &
GAS WAS GOING TO PEAK.
NOW YOU’VE GOT A NEW PREDICTION.
>> WELL, WE PREDICTED A FEW
WEEKS AGO THAT OIL PRICES HAVE
PEAKED AND THEY ARE HEADED DOWN.
THEY ARE DOWN TO THE 90S, AND IF
WE OPENED UP NORTH AMERICA, THEY
WILL BE DOWN TO 75, 65 AND
INFLATION WILL GO AWAY.
FOOD PRICES ARE ALWAYS LAGGING
BECAUSE THE MANUFACTURING, ET
CETERA ET CETERA, AND TRUCK
DELIVERY.
I PREDICT IF THERE’S NO PROBLEM
IN THE WORLD, THAT FOOD PRICES
HAVE PEAKED AROUND SEPTEMBER,
AND WILL START COMING DOWN IN
OCTOBER AND NOVEMBER.
>> OKAY ONE OF THE THINGS I SAW
IN THE REPORT THIS IS GOING TO
SOUTHERN CRAZY, BUT PRODUCER
PRICES CAME OUT YESTERDAY.
CHICKEN EGG PRICES WERE UP 44%
YEAR-OVER-YEAR AND STILL STRONG
MONTH-TO-MONTH.
CAN I GET AN OMELETTE RIGHT NOW?
>> WAIT UNTIL YOU SEE YOUR
TURKEY PRICES.
REALLY?
>> THEY ARE TO THE MOON.
TO THE MOON.
>> MAN, THIS JUST GETS, HOW DO
YOU, HOW DO GROCERY STORES LIKE
YOURS DEAL WITH THIS?
BECAUSE YOU DON’T WANT TO
ALIENATE YOUR CUSTOMERS.
>> IF WE MAKE A 40% MARGIN TO
STAY IN BUSINESS TO PAY THE RENT
AND OUR EMPLOYEES THAT IF IT
COSTS US $1 WE SELL IT FOR $1.40
IF IT COSTS $2, WE SELL IT FOR $
2.80 BECAUSE WE HAVE TO
MAINTAIN OUR MARGIN TO BE ABLE
TO PAY OUR RENTS, OUR EMPLOYEES,
AND STAY IN BUSINESS.
RIGHT REAL QUICK BEFORE YOU GO
I’VE GOTTA ASK YOU ABOUT THIS.
YOU’RE IN NEW YORK, YOU LOVE THE
CITY LIKE I DO, LIVED HERE A
LONG TIME.
>> YES.
>> I WANT TO TALK ABOUT THESE
MIGRANT BUSES COMING IN AND
MAYOR ADAMS AND HIS REACTION
AFTER THIS GOING AFTER GOVERNOR
ABBOTT AND TEXAS.
YOU’VE GOT, THERE WAS MORE BUSES
COMING IN TODAY.
I HEAR IN NEW YORK CITY, AND THE
BATTLE BETWEEN THE TWO HAS
BEEN, I THINK REALLY INTERESTING
TO WATCH.
LISTEN TO THIS I WANT TO GET
YOUR REACTION THESE TWO DUAL
ING IT OUT ON TV.
>> TO PLACE SOMEONE ON THE BUS
FOR 45 HOURS WITHOUT MEDICAL
CARE, WITHOUT FOOD, WATER,
PROPER SANITARY CONDITIONS, AND
JUST SEND THEM TO A CITY THEY
KNOW NOTHING ABOUT.
THAT IS TRAUMATIC FOR ANYONE,
AND I BELIEVE THE WAY HE’S
BEHAVING BY NOT COORDINATING THE
TRANSPORTATION AND SENDING
PEOPLE UNDER FALSE PROMISES IS
JUST UNCERTAIN.
>> TO BE CLEAR ADAMS WAS ON THE
MORNING SHOW TODAY BECAUSE
HE’S RESPONDING TO ABBOTT WHO
SAYS BRING IT ON, BUDDY.
YOU WANT TO COME DOWN TO TEXAS
AND HAVE ALL THE NEW YORKERS
START KNOCKING ON MY DOORS GO
RIGHT AHEAD AND THIS IS JUST
KIND OF BUILT UP OVER THE LAST
TWO DAYS.
>> WELL WHAT I THINK IS WHAT
SHOULD BE DONE, ERIC ADAMS
SHOULD OPEN UP A SITUATION LIKE
ELLIS ISLAND, AND TEST THESE
PEOPLE TO MAKE SURE THE PEOPLE
COMING TO NEW YORK CITY DON’T
HAVE ANY DISEASES, THAT THEY ARE
HEALTHY, AND I’M AN IMMIGRANT.
I WANT TO HELP PEOPLE, BUT THE
PROBLEM THAT THE BIDEN
ADMINISTRATION DOESN’T DO ON THE
BORDER, IT DOESN’T TEST TO
FIND OUT WHO IS TERRORIST, WHO
WANTS TO WORK HARD, WHO WANTS TO
PLEDGE ALLEGIANCE TO OUR COUNTRY
, OR NOT JUST COME IN,
SO I BELIEVE IN IMMIGRATION BUT
I BELIEVE IN CHECKS AND BALANCES
SO ERIC ADAMS, WHO I SUPPORT AND
WANTS TO HAVE LAW AND ORDER,
SHOULD PUT THESE PEOPLE COMING
INTO NEW YORK CITY THROUGH A
CHECKLIST, MAKE SURE THEY ARE
HEALTHY, MAKE SURE THEY DON’T
HAVE TERRORISM BACKGROUND, ET
CETERA ET CETERA.
>> WE’RE NOT BEING ANTI-
IMMIGRANT, WE’RE BEING
FOLLOWING THE LAW.
THERE’S A SET OF LAWS, JUST
FOLLOW THE LAW.
THAT WILL BE OKAY.
>> THE PROCEDURE TO MAKE SURE
OTHER NEW YORK CITIZENS DON’T
GET SICK BECAUSE THEY HAVE
DISEASES.
>> JOHN CATSIMATIDIS, GREAT TO