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The Mark Simone Show

Mark interviews John Carney from Breitbart Business News.

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3695 Ratings

🗓️ 12 May 2026

⏱️ 12 minutes

🧾️ Download transcript

Summary

John digs into the latest inflation numbers, up 3.8 percent over last year, the biggest jump in three years. It’s not just gas getting pricier; things like clothes and other everyday items are rising, too. California’s got a mess with oil prices, mostly because it’s tough to get oil shipped into the state. Mark and John wrap up by wondering if the U.S. might be able to work out a deal with China.

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Transcript

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0:00.0

He's got the whole city in your radio.

0:03.2

Mark Simone on 710 W.O.R.

0:08.4

Well, the brilliant columnist, John Carney, he's the editor of Brightbart Business Digest,

0:14.9

which is the best business digest you can get.

0:17.9

You should subscribe to this.

0:19.5

You go to Brightbart.com. Go to brightbart.com. Go to

0:23.2

newsletters and then sign up. It's free. Just sign up with your email and get the Bright Bart Business Digest. The smartest people in the world is the first thing they read every morning. Scott Besson, Treasury Secretary said it's the first thing he looks at every morning. Larry Cudlow, first thing he looks at every morning, the Breitbart Business Digest, and here's the editor. John Carney,

0:42.0

how you doing?

0:43.6

Very good, Mark. Thanks for having me.

0:46.1

Hey, I know, listen, there's a spike in oil, obviously, as a result of Iran. But inflation,

0:52.3

overall, the numbers came out. Where are we stand right now in inflation?

0:57.3

So this was a pretty bad report. Inflation was up 3.8 percent. A huge part of that, over

1:05.6

40 percent of it was driven by energy. That's how much. The problem is there's other elements in here that may be sort of the higher gas

1:17.1

prices passing through.

1:20.0

Apparel prices were up, furniture prices were up.

1:22.9

One thing that's definitely energy related, Airline prices are up.

1:28.5

There's a lot of, there's food inflation in here.

1:31.4

So this is not what the Trump administration

1:33.6

was hoping for.

1:35.7

The last month we had high inflation,

1:38.0

it was actually on a month to month basis,

1:40.1

even worse than, so the March report was worse.

...

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