“186K Is A HUGE Number” - March Jobs Report STUNS Experts Despite Iran War Costs
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 6 April 2026
⏱️ 19 minutes
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Summary
As oil spikes and businesses feel the squeeze, Americans are hit with a hidden “war tax” through rising prices and shrinking margins. The panel clashes over whether this is temporary pain or proof the middle class is getting crushed with no end in sight.
Transcript
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| 0:00.0 | U.S. Iran War, tax, begins to hit American businesses and consumers. |
| 0:05.4 | And I'm going to go to two of these stories combined together, Tom, and then I'll turn it over to you. |
| 0:10.2 | So, number one, Nick Friedman, co-founder of Tampa-based, a caller junker, a haul and junk, |
| 0:16.4 | and business has been facing multiple headwinds. |
| 0:19.0 | High mortgage rates have dampened the real estate |
| 0:21.5 | market while rising insurance premiums are eating into operation costs. Now there's a U.S. |
| 0:26.7 | Iran war and surge in diesel fuel prices that is eating into profit margins, yet he doesn't feel |
| 0:32.1 | like he can raise prices. We are on a bit of a catch-22. Our fear would be if we start raising prices, it'll hurt the customers. Bigger companies, he says, can probably get away with adding fees, such as Amazon just added the 3.5% or United Airlines or JetBlue both raise their prices. And one airline in UK apparently is no longer, they're shut down. I don't know what the airline was, Rob, in UK if you want to check that. One airline just said, we are not even doing anything right now because we just can't afford it. Tom, how is this tax impacting businesses and customers today from the war? What do you see in? Well, they're calling it a war tax, and a tax is something you don't want that takes money from you, right? That's the colloquial they're going after. And what they're saying is, is that with today, where's fuel |
| 1:15.9 | today? Let me look at up real quick. Oil, you know, West Texas Intermediate is sitting here. Market |
| 1:21.6 | just opened, and it's sitting at 112 right now. Ouch. Is that right? Yep, 112.65. So oil is a commodity. And now you've got oil up. |
| 1:34.0 | And so what do you do? He's absolutely correct. A larger company with more longer arms and more profit. |
| 1:41.4 | Vinnie, think about it. It's like if you operated a company and you're bigger than me and you have a little bit more profit than me, you might be able to wait it out a little longer before you ultimately raise prices. And what this guy is saying is like, hey, we're coming to the point where we can't do it anymore. We've got to raise prices a little bit. Unfortunately, larger national companies are going to have it. |
| 2:01.4 | And so what we're seeing here is the effect of commodity priced oil because the oil in the U.S. |
| 2:07.5 | Pat has come up. And this is now the impact. They've weighted. And what also it means is that |
| 2:13.5 | everyone on Wall Street has been running on sentiment. |
| 2:18.1 | You know, like, Pat, like, President says something positive and the market responds. |
| 2:21.8 | Then they hear something else, and then the market goes the other way. |
| 2:25.4 | So right now, the best thing that the market could hear is positive message. |
| 2:31.7 | We had a positive message on the rescue. |
| 2:33.9 | We got a 48-hour, you know, |
| 2:36.9 | till deadline. We got to find out what's there. But what the market wants is to have line |
| 2:42.8 | a site to certainty of finish. And you can't come out in the middle of a war and just say, |
... |
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