Kendall & Casey, September 13, 2022 - Hour 3
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 13 September 2022
⏱️ 36 minutes
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Transcript
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| 0:00.0 | Good morning. It is Tuesday, September 13th and things that are trending this hour, the consumer |
| 0:04.4 | price index. It was released today. This is one of the last pieces of info the feds will get before |
| 0:09.7 | they raise rates next week. It was up 0.1 percent in August, which means it's up to 8.3 percent |
| 0:18.0 | year over year. And the big story out of this obviously is with gas prices being down and it's |
| 0:26.2 | important to recognize gas prices are down in large part because people stop driving because gas |
| 0:32.1 | was so expensive that everything else in order for gas to be down, which is a major part of this |
| 0:37.6 | equation, and it overall to be up, everything else is skyrocketing. Yeah, like food, shelter, |
| 0:43.4 | medical care. Maybe you're a victim of shrink inflation like I was with my pop tarts at the Walmart |
| 0:48.9 | in which what was once a four package of pop tarts, Walmart brand pop tarts. Now three, |
| 0:56.0 | and I guess you have to buy the thing and pay super close attention to figure that out because |
| 0:59.4 | there's not some big sign saying same price for your pop tarts. Yeah, sorry. What someone at Walmart |
| 1:04.9 | owes me an explanation. You got to pay attention to the packaging. Oh, it's told that's shrink |
| 1:09.2 | inflation, shrink inflation. You're getting less for the same amount of money. Yeah, also trending |
| 1:15.3 | is John Foley. He is Peloton's co founder and now the former CEO. He is stepping down and so |
| 1:22.8 | is their chief legal officer. This is a part of a massive transformation plan for the fitness |
| 1:29.2 | company. And finally trending. You'll love this Rob. Red Lobster, Olive Garden, Apple Bees, |
| 1:35.6 | and Chili's. Uh-huh. Somebody had posted on Twitter. I don't understand how the following |
| 1:41.2 | restaurants are still in business. Oh, and it has taken off with people espousing their opinions |
| 1:46.8 | on Chili's, Apple Bees, Olive Garden and Red Lobster. Well, what does it mean? They don't understand |
| 1:51.0 | how they're still in business like they don't understand the business model. Why people would eat |
| 1:55.1 | there? I think it's a why people would eat there or how they maintained. Well, here's the deal. |
| 2:00.8 | I mean, their business during the pandemic, unless you're making Tony Katz money, you're not going |
... |
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