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Breaking Points with Krystal and Saagar

11/4/25: Consumers Slash Grocery Spending, Elon Warns Rogan On AI, Trump Denies Binance Pardon Corruption

Breaking Points with Krystal and Saagar

iHeartPodcasts

Philosophy, Government, Politics, Society & Culture, News

4.68.9K Ratings

🗓️ 4 November 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

Krystal and Saagar discuss consumers cut staple grocery spending, Elon tell Rogan AI will take all jobs, Trump denies knowing Binance CEO he pardoned.

 

Logan Phillips: https://www.racetothewh.com/ 

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Transcript

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0:00.0

This is an IHeart podcast.

0:04.2

Hey guys, Saga and Crystal here.

0:06.2

Independent media just played a truly massive role in this election, and we are so excited

0:11.2

about what that means for the future of this show.

0:13.2

This is the only place where you can find honest perspectives from the left and the right

0:16.8

that simply does not exist anywhere else.

0:19.1

So if that is something that's important to you, please go to breakingpoints.com, become a

0:23.3

member today, and you'll get access to our full shows, unedited, ad-free, and all put together

0:28.2

for you every morning in your inbox.

0:30.1

We need your help to build the future of independent news media, and we hope to see you at

0:33.6

breaking points.com.

0:37.7

Turning now to the economy, a lot of relevant news.

0:40.4

I'm going to put this up here on the screen.

0:42.4

The CEO of Kraft Heinz has now said they have the worst consumer sentiment in decades,

0:48.5

pointing out the drop in the number of consumers who are buying staples.

0:53.0

They lowered their sales outlook and that

0:55.2

the feeling of U.S. shoppers has fallen quote to a historic low. The company now expects

1:00.0

full organic net sales to be down 3 to 3.5 percent with slower growth also in emerging

1:05.2

markets and pressure in the U.S. retail. They said that higher prices from inflation and

1:09.9

expected headwinds from contailed

1:11.5

food stamp funding were creating a tough environment for U.S. shoppers that the drop in their

1:17.6

overall sales has led to some 17% drop in their overall stock price compared with the 17% rise

...

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