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I'm Taylor Riggs, and this is the Fox Business Rundown.

Monday, August 19th, 2024.

While Wall Street is coming off a strong week,

much of America's focus is on Chicago,

where the Vice President will try to sell her economic plan and its controversial

proposal to take on what she calls price gouging. If you tell an industry

they can only make this much why is anybody else going to get into that industry? So there goes competition.

Stocks just came off their best week of 2024. Goldman Sachs now saying that they are

revising the odds of a recession back down to just 20%.

But markets aren't the economy and a lot of people are still feeling the impact of higher

prices and are looking to presidential policies to give them relief from

inflation. One of those policies that is very much front and center at the Democratic National

Convention in Chicago this week.

Vice President Kamla Harris's proposed plan to tackle so-called price gouging by businesses

and implement price controls. She has been accusing grocery store chains of

keeping prices high despite their production costs leveling off. So is she

...