- 2 days ago
White House economic adviser Kevin Hassett weighed in on the growing cost of groceries. Sunday on ABC's 'this week', Hassett suggested prices for food staples like bananas, beef, coffee, and tomatoes will come down after the Trump administration's latest exemptions are implemented.
A lead Border Patrol commander announced dozens of arrests of criminal illegal aliens detained in North Carolina’s largest city on Sunday. The Department of Homeland Security said on Saturday it was launching “Operation Charlotte’s Web,” sending a surge of law enforcement resources to Charlotte in the latest episode in the Trump administration’s increased immigration enforcement in major U.S. cities.
--
👉 Original Documentary Library:
https://vimeo.com/user109504031/vod_pages
-
🍀 Support NTD: https://donorbox.org/ntd
--
© All Rights Reserved.
A lead Border Patrol commander announced dozens of arrests of criminal illegal aliens detained in North Carolina’s largest city on Sunday. The Department of Homeland Security said on Saturday it was launching “Operation Charlotte’s Web,” sending a surge of law enforcement resources to Charlotte in the latest episode in the Trump administration’s increased immigration enforcement in major U.S. cities.
--
👉 Original Documentary Library:
https://vimeo.com/user109504031/vod_pages
-
🍀 Support NTD: https://donorbox.org/ntd
--
© All Rights Reserved.
Category
🗞
NewsTranscript
00:01Welcome to NTD Evening News. Our top story tonight, prices for everyday goods will come down.
00:07That's what White House economic advisor Kevin Hassett said after President Trump lowered tariffs on imports of beef, coffee and other food products.
00:17A farmer joins us to discuss how the new move could benefit farmers and consumers.
00:22House Speaker Mike Johnson answered a question on the Jeffrey Epstein files before the House is set to vote next week on the release of more files.
00:31He also sought to clarify any connection they have with President Trump.
00:36And South Korea finally obtains the green light from the U.S. to build a nuclear-powered submarine.
00:42That's to better counter the military threats from China and North Korea.
00:46New York and New Jersey have lost billions of dollars in taxes due to an exodus of residents in recent years.
00:55We talked to a Miami Republican strategist about why people are moving to states like Florida.
01:01Voters in Chile are deciding between a communist and an ultra-conservative candidate as their next president today.
01:07The main issues impacting the election.
01:10And is artificial intelligence in the middle of a bubble like the dot-com craze of the late 90s?
01:16N-T-D weighs in on AI investment risk.
01:28This is N-T-D Evening News, live from our global headquarters in New York City.
01:37Good evening and thank you for joining us tonight.
01:39I'm Arlene Richards.
01:40Dozens of criminal illegal immigrants have been detained today in Charlotte, North Carolina's largest city.
01:47That's part of the DHS's operation launched yesterday, known as Operation Charlotte's Web.
01:54Gregory Bovino is the commander-at-large of the U.S. Border Patrol.
01:58He documented several of the arrests on social media, which he said had risen to 81.
02:03One man arrested today had an alleged history of repeated drunk driving incidents.
02:09Another man allegedly had a history of aggravated assault with a dangerous weapon and drunk driving.
02:16Federal authorities have carried out similar efforts in cities including Chicago, Los Angeles, and Washington, D.C.
02:23Charlotte's mayor, Vi Lyles, and other local officials criticized the raids,
02:27saying they're generating fear and uncertainty.
02:31DHS hasn't said how long the operation will last,
02:34and federal authorities say they're also ready to help individuals seeking legal guidance on immigration matters.
02:42White House economic advisor Kevin Hassett is weighing in on the growing cost of groceries.
02:47This morning on ABC's This Week, Hassett suggested prices for food staples like bananas, beef, coffee, and tomatoes
02:54will come down after the Trump administration's latest exemptions are implemented.
02:59He also noted that prices will fall as the supply of goods entering the U.S. increases.
03:05Take a listen.
03:06The prices for those goods weren't necessarily going up just because of tariffs,
03:10and so the prices will go down.
03:13Well, the prices will go down, of course, but...
03:15But because the tariffs have been taken off.
03:16Right, well, because the supply of the goods into the U.S. is going to increase.
03:22The administration on Friday announced that agricultural imports would largely be exempt from reciprocal tariffs.
03:29Average grocery prices were 2.7 percent higher in September compared to last year.
03:35But the cost of coffee has soared 21 percent in a year, and bananas are up 8 percent.
03:41Hassett pointed out a number of external factors, including weather and disease,
03:45as driving most of the price increases.
03:48He stated prices would drop once duties are removed.
03:52In an interview with Fox News, House Speaker Mike Johnson spoke about the current state of the debate
03:57over the Jeffrey Epstein files in the U.S. House.
04:00President Trump has clean hands.
04:02He's not worried about it.
04:02I talk to him all the time.
04:03He has nothing to do with this.
04:05He's frustrated that they're turning it into a political issue, and it's not surprising,
04:08because the Democrats have nothing else to talk about.
04:10What have they accomplished in 10 months?
04:12Epstein is their entire game plan.
04:14So we're going to take that weapon out of their hand this week.
04:18This week, the House is set to vote on releasing files related to Jeffrey Epstein that are held by the Justice Department.
04:25Last Wednesday, the House released 20,000 pages of documents received from the Jeffrey Epstein estate.
04:31Trump was among the names found in emails, but the emails lack context.
04:36Trump and Epstein were photographed together decades ago,
04:39but the president has said the two men fell out prior to Epstein's convictions.
04:44Johnson said the deceased Epstein victim, Virginia Giuffre, has also said Trump had no connection to Epstein's crimes.
04:51Trump recently instructed the Department of Justice to investigate prominent Democrats' ties to Epstein.
04:56Congressman Roe Khanna is a California Democrat and an original sponsor of the petition calling for a vote on the Justice Department's files release.
05:06He said today that he expects more than 40 Republicans to vote in favor.
05:11President Trump expresses disapproval with Indiana state lawmakers.
05:16He says they need to push forward with redistricting efforts.
05:19Colin Fredrickson has more.
05:21In a Truth Social post, Trump mentioned state Senators Roderick Bray and Greg Good.
05:25He mentioned how their lack of effort in pushing for election maps more favorable to Republicans
05:31could cause the party to lose seats in the U.S. House of Representatives.
05:35He also mentioned Indiana Governor Mike Braun.
05:38On Friday, Bray said there were not enough votes to redraw the state's map.
05:42So the Senate would not hold a session on the issue as called for by Braun.
05:45Braun said on X that state Senators should show up to vote for fair maps.
05:50Trump said Braun is not working the way he should to get the needed votes.
05:53He also said any Republican who votes against redistricting should lose his seat in the primary elections.
06:00Trump has put a lot of pressure on Indiana Republicans lately.
06:03He has invited their state legislative leaders to the White House and has sent Vice President J.D. Vance to the state.
06:10Redistricting typically occurs once a decade to use data from the U.S. Census.
06:14But lately, Democrats and Republicans have been locked in state-to-state redistricting battles before next year's midterm elections.
06:21A rare-earth deal between the U.S. and China will hopefully be done by Thanksgiving.
06:27Treasury Secretary Scott Besant made the remarks during an interview with Fox News that aired today.
06:33Here's the secretary.
06:34We haven't even finished the agreement, which we hope to have done by Thanksgiving.
06:38And I am confident that post our meeting in Korea between the two leaders,
06:44the President Trump, President Xi, that China will honor their agreement.
06:49The U.S. and China announced a framework agreement on October 30th.
06:54As part of the terms, Washington agreed not to impose 100 percent tariffs on Chinese imports,
07:00while China would hold off restrictions on export of crucial rare-earth minerals and would buy more American soybeans.
07:08During the interview, Besant rejected a recent Wall Street Journal report,
07:12which said Chinese officials plan to restrict access to rare-earths for U.S. companies with ties to the military.
07:19When asked what the U.S. would do if China didn't honor that deal,
07:24Besant said the U.S. had lots of levers, but remains optimistic about the deal for now.
07:30Asked whether Chinese companies could be kept out of U.S. stock exchanges,
07:34Besant said, quote,
07:35A big moment for the defense alliance between the U.S. and South Korea.
07:43South Korea finally obtains the green light from the U.S. to build a nuclear-powered submarine.
07:49That's to better counter the military threats from China and North Korea.
07:54NTD's Floor Hwa has more.
07:57The deal is part of a finalized fact sheet on security and trade released by both nations on Friday.
08:04The chief of U.S. naval operations says having nuclear-powered submarines can help South Korea better counter China.
08:13He asked the key Asian ally has the responsibility to deploy these submarines globally,
08:18and so it can build a worldwide naval presence.
08:22The South Korea side highlights the need to counter North Korea.
08:27Having the U.S. constant to build nuclear-powered submarines has been the country's goal for decades,
08:33but building such submarines can take years.
08:36What's more, the South Korean president confirmed on Friday that the country also secured the U.S. approval
08:42to expand activities like uranium enrichment and nuclear fuel reprocessing.
08:47The deal comes after President Trump met with South Korean President Lee Joon-myun two weeks ago.
08:53Flora Hwa, NTD News.
08:55President Trump says he's open to a deal that would give Saudi Arabia
08:59some of America's most advanced fighter jets, the F-35.
09:03The comments came as he heads into a high-profile meeting with the Saudi crown prince next week,
09:09where they are expected to sign new economic and defense agreements.
09:13Aboard Air Force One on Friday, the president told reporters that Saudi Arabia
09:18is looking to buy a lot of F-35 stealth fighters made by U.S. contractor Lockheed Martin.
09:25The F-35 is the U.S. military's cutting-edge stealth fighter designed to evade detection
09:31and gather high-tech intelligence in the air.
09:35But the potential jet sale is raising some concerns.
09:38A recent Pentagon intelligence report from The New York Times on Thursday warns that China
09:43could gain access to sensitive F-35 technology if the deal goes forward.
09:49On top of the potential deal, Trump is expressing hope that Saudi Arabia will eventually join
09:55the Abraham Accords.
09:57It consists of the U.S.-brokered deals that helped normalize relations between Israel
10:02and several Muslim-majority nations.
10:05Meanwhile, Israeli Prime Minister Benjamin Netanyahu said today
10:09Israel remained opposed to a Palestinian state.
10:14Our opposition to a Palestinian state in any territory west of the Jordan River,
10:18this opposition exists, is valid, and has not changed one bit.
10:23Netanyahu has been facing pressure from right-wing ministers who said
10:27a U.S.-backed statement indicates support for a pathway to a Palestinian state.
10:32Addressing the growing violent incidents in the West Bank in recent weeks,
10:36Netanyahu said Israel will act against settlers' violence with full force.
10:41And President Trump said Friday that he plans to sue the BBC for billions of dollars.
10:47That's after the British media outlet published a misleading edit of his January 6, 2001 speech.
10:54We'll sue them for anywhere between a billion and five billion dollars,
10:58probably sometime next week.
11:00So you're ready to take legal action?
11:01I think I have to do it.
11:02I mean, they've even admitted that they cheated.
11:06The BBC's Panorama documentary spliced together two parts of Trump's speech on January 6, 2021.
11:14The edit changed the meaning of the speech,
11:17creating the impression Trump had explicitly called for violence.
11:21The documentary aired just before the U.S. presidential election in 2024.
11:26The BBC has retracted the documentary and apologized to Trump,
11:30but it did not agree to compensate him.
11:33Trump said he plans to speak with British Prime Minister Keir Starmer about the matter over the weekend,
11:39noting that Starmer had tried to reach out to him and was very embarrassed by what happened.
11:45Voters in Chile are heading to the polls today deciding between two extremes.
11:50The two main presidential candidates are a communist and an ultra-conservative, respectively.
11:55NTD's international correspondent, Arian Pasdar, has more on the election.
12:00The first round of presidential elections in Chile has officially concluded on Sunday afternoon.
12:07The race offers Chileans a dramatic choice between two extremes.
12:12Jeanette Jarre, who's a card-carrying communist and former labor minister in the left-wing government.
12:18And the main right-wing contender, José Antonio Cast, who's an ultra-conservative lawyer and former lawmaker.
12:24He opposes abortion and vows to shrink the government.
12:29Cast went to the polls on Sunday to cast his ballot.
12:34If I am not elected today to move on to the second round,
12:37this will have been the last presidential election in which I participate.
12:42In total, there are eight candidates.
12:45If none of them get over 50 percent of the votes, then a second round will be held in December.
12:50The election is widely believed to head in the second round.
12:54Communist Jarre is expected to win the first round because the conservative vote is split among more candidates.
13:01However, polls indicate that Cast will ultimately become the next president.
13:06Jarre also headed to the polls on Sunday.
13:10Fortunately, I am able to walk calmly down the street, among people who know me and among those who don't.
13:16One of the main issues in the election is violent crime, especially the danger posed by Trendy Aragua,
13:24which is designated as a foreign terrorist organization by the Trump administration.
13:29Many of the members of the gang entered Chile illegally, creating chaos across the country.
13:35People aren't feeling safe anymore.
13:38At night, you can't even go out in your car or to a bar, because they might steal your car too.
13:42Even the criminals here in Chile, who were not accustomed to such violence, had to adapt.
13:50If no winner is decided on Sunday, the second round of elections will be held on December 14th.
13:56Arian Pastar, NTD News.
13:59As of now, the two leading candidates are head-to-head, each having around 25 percent of the votes, with 15 percent of the votes counted.
14:06And a farmer weighs in on the president's latest tariff move to bring down the high cost of groceries and help farmers become more profitable.
14:15That more when we come back.
14:26President Trump on Friday rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice.
14:35That's in the face of growing concerns among American consumers about the high cost of groceries.
14:40Here's more.
14:42The new exemptions were announced on Friday and include such staples as coffee, beef, bananas and orange juice.
14:49They took effect retroactively at midnight on Thursday.
14:53The move marks a sharp reversal for Trump, who has long insisted that the sweeping import duties he imposed earlier this year are not fueling inflation.
15:02Trump was asked about the rollback aboard Air Force One on Friday evening.
15:06Mr. President, you said that tariffs do not increase prices for consumers, but now you're lowering tariffs.
15:12I say they don't.
15:13I say they may in some cases, but to a large extent they've been borne by the country.
15:18As an example, we have virtually no inflation.
15:22Trump also said he would move forward with a $2,000 payment to lower and middle income Americans that would be funded by tariff revenues.
15:30Now we're going to do a dividend and we're also going to be reducing debt.
15:34Friday's list of exemptions includes products U.S. consumers routinely purchase to feed their families at home,
15:41many of which have seen double-digit year-over-year price increases.
15:45The White House said Trump decided certain food items could be exempted since they were not grown or processed in the United States.
15:52And after, quote, significant progress, the president has made in securing more reciprocal terms for our bilateral trade relationships.
16:01Trump has focused squarely on the issue of affordability in recent weeks,
16:05while insisting that any higher costs were triggered by policies enacted by his predecessor Joe Biden and not his own tariff policies.
16:17Democrats have won a string of recent victories in state and local elections in Virginia, New Jersey, and New York City,
16:24where growing voter concerns about affordability, including high food prices, were a key topic.
16:32And now, joining me to discuss the new tariff exemptions is Brian Reisinger, a farmer and journalist and the author of Land Rich, Cash Poor.
16:40Brian, thank you so much for joining us.
16:43Good to be with you.
16:44Now, Brian, there's two things happening here as I see it.
16:47And the first is that the president had to do something about these grocery prices going up,
16:52which some said was caused by the tariffs on foreign goods.
16:55And then the second thing is he had to open up international trade for American farmers who are overstocked with food they can't sell.
17:02So how will this latest move improve both of those issues?
17:07Yeah, absolutely.
17:08You know, the key here is that if you reduce these tariffs, allowing more beef to come into the country,
17:15while also using the opportunity to open more markets for farmers abroad, you can accomplish two things.
17:22You can hopefully bring more beef into the country and help deal with the beef prices that Americans are facing.
17:28And you can have American farmers able to sell more beef and other crops and products across the globe.
17:34So the hope is that you're able to do both of those things.
17:37And they tie in with the two issues that I think you're rightly flagging here, which is the cost of food is very important,
17:43as is making sure that we have a strong market both domestically and internationally for our farmers because of how much they've been getting wiped out for decades now.
17:53It's important that we balance both of those things.
17:56Now, you said here that if more beef comes in, then that could lower the prices.
18:02But then you also talked about farmers here in the U.S. also selling beef.
18:06So how does that balance out?
18:09Yeah, you know, it's we have to see how it's going to shake out as the markets evolve and we see how much American beef people are willing to buy in other countries.
18:19But, you know, when the beef price is higher here in America, your average family farmer and family rancher isn't making more money because the amount of times that that beef is sold and resold between the farm gate and the dinner table.
18:33And so when we have more beef coming into America, as long as it's balanced with more market opportunities for farmers and ranches to sell abroad,
18:41it means that that farmer and rancher can sell some beef here in the United States.
18:45They can sell some beef abroad and that can balance out the idea of more beef coming in from other countries.
18:51As long as we have opportunities going in both directions, let's say we're shutting down markets, foreign markets for American farmers while letting more foreign countries import here.
19:01That would be something that would create an imbalance and make things even harder for farmers.
19:04But new markets for American farmers and new markets for farmers from other countries to be able to come in here and help bring the beef price down,
19:12if that's the effect that it has, is something that can work if you're doing both those things at once.
19:17Now, last year you wrote in an opinion article for Farmers Advance that farmers supported Trump's call for more tariffs despite knowing they crushed sales.
19:27And you seem to acknowledge that it would get worse before it got better.
19:31So in recent weeks, farmers seem to be losing their patience.
19:35So what were some of their biggest concerns?
19:38Yeah, absolutely.
19:39You know, the reality is that for farmers, two things are true at once, which is that they've been getting hit by unfair trade standards since the 90s.
19:46And so many of them do support getting tougher and understand that that may mean tariffs at times to have tougher negotiations.
19:53It's also true that they need open markets.
19:55And so this has always been a balancing act of getting tougher with other countries to try to have deals that are more fair to American farmers as well as workers and families.
20:04And also making sure that we don't shut off markets as we have tougher negotiations.
20:09What happened very recently is that China snubbed American soybean farmers completely.
20:15And, you know, there were negotiations going on between America and China, and China decided that they were going to target American farmers as collateral damage to try to put pressure on the administration.
20:25And so you saw farmers who have, in many cases, maybe supported getting tougher, also understanding that things with China were getting tough enough,
20:33and China was retaliating enough that we needed to figure out a way to make some kind of a deal.
20:37Now, since then, the trade deal has been announced.
20:40And I think what family farmers are hoping is that that can, you know, allow the soybean sales, for example, to increase the levels they were before.
20:47But also, hopefully, we have a deal that is a little tougher overall and keeps China from doing some of the cheating and other things they do that hurt our farmers.
20:56So the hope is fair markets and free markets.
20:59We need open markets, and we need them to be more fair.
21:01And so this is a complicated picture, and farmers deal with those cross-cutting wins every single day.
21:07Now, you talk about China and some of the things that they have done to hurt farmers,
21:12but how have these reciprocal tariffs impacted maybe relationships with other key farm trading partners, for better or for worse?
21:20It's a good question.
21:21And the reality is that it's different with each country.
21:24Some of these countries have responded with progress and making deals that also knock down trade barriers.
21:31Some of them have not.
21:32The reality is this.
21:34What we need to do is diversify our trading partners drastically.
21:39And so, you know, whether people support the trade deal with China or the U.K. or Japan or Malaysia, Indonesia,
21:45any of these other countries that there was progress made with, you know, whether people like those individuals or not,
21:51we need those deals to be family farm first.
21:53But we also need to open up our trade with more countries.
21:57There were only about 20 trade deals in the years between the Biden and Trump administration.
22:0320 trade deals.
22:04There are hundreds of countries.
22:05And so what we need to do is open up more markets.
22:08And what you can also do is when you're negotiating with individual countries like that,
22:12you can have tougher, more fair trade deals because America has more leverage negotiating individually.
22:17So if we can greatly diversify where we're trading, no one country can have as big of an impact on us as, say, China did this fall.
22:26Now, are you and other farmers in different industries confident that this change that President Trump just made with the tariffs
22:35will benefit farmers in the short term?
22:40Well, we have to make sure that there are enough markets being opened abroad and a fair way to farmers in order for that to happen.
22:46So if they want more imports to bring costs down and we have to see how the economics of that shake out,
22:52we also need enough markets opening up where these other countries that are benefiting from the reciprocal tariffs being brought down,
22:58those countries are willing to buy more American beef.
23:01So we need enough of these countries to follow through for that benefit to occur.
23:05It's very important.
23:06And the other thing is many farms are needing to figure out where their next opportunity is going to come from.
23:11The farm that I grew up on, my dad is still farming.
23:13My sister's working to take it over.
23:14And as we all work together to figure out where our farm is going, we're selling beef, we're selling pasture-raised chickens, we're doing cash crops.
23:21We have to figure out where can our money come from.
23:23And increasingly, farmers need to diversify.
23:26For decades, farmers have been pushed to specialize on a few crops and products.
23:31That was the economic pressure.
23:32And what we're seeing is that that can go too far.
23:34Because if you're only a soybean farmer and you're depending on China, you just had one of the toughest years you've ever had.
23:40But on the other hand, if you're diversified, trying other things, there's an opportunity to maybe blunt some of that.
23:46And so some of it is farmers seeing what these other countries are going to do.
23:49And some of it is farmers constantly trying to evolve.
23:51And there's very little time and very little money for farms that are operating on such tight margins to do that.
23:57Now, we've talked about the constraints on farmers, but what about the consumers?
24:01How is this new move by President Trump going to help consumers with other products, not just beef or chicken, but other kinds of products that consumers want to buy?
24:12Absolutely.
24:13Coffee and others, which are major imports and really need to be imported, are going to be impacted by this as well.
24:20And I think that when people talk, there's a little bit of a debate about how much of this is going to bring prices down.
24:24And here's what it depends upon. What it depends upon is how many foreign producers of these goods sell into our country in an affordable way and how much of it gets bought.
24:32So there are market forces here that will have a say in how much this brings prices down, just like there are market forces at play.
24:40They'll have a say in how many more markets get opened up to farmers abroad, American farmers abroad.
24:45So we have to see just how much movement there is in the market for this to have an impact.
24:51But if things were to go in the way that I think the administration is hoping they will, what we'll see is that beef, coffee, cashews, a wide variety of food products would be in greater supply.
25:06Now, there's a deeper issue, and that is that the reasons that American beef have been so expensive also is systemic.
25:13It has to do with our supply chain after wiping out 45,000 farms a year, a year for the past century.
25:21And it has to do with things like the Mexican screw worm that are infecting Mexican beef and endangering the American beef supply.
25:27So there are deep systemic issues that also are impacting the price of beef that we have to address over the long term as well.
25:32Now, I want to get your thoughts here. The Supreme Court is now weighing whether or not the president's global tariff measures are legal.
25:40And if the court decides that Trump didn't have the authority to impose these tariffs, how could that impact farmers and consumers?
25:48Yeah, well, you know, I want to start and say I'm far from a constitutional lawyer, and so the questions being addressed there are above my pay grade from that standpoint.
25:56But what I'll say is this, you know, when court decisions lead to drastic shifts in policy, you know, these are the kinds of policies that, you know, hopefully the president and Congress are able to work together on what the right balance ought to be.
26:09When you have a court that might suddenly rule one way or another way, it can throw a dramatic amount of chaos on top of any of the chaos that we've already had.
26:18And so, you know, the realities of all these things are thrown out.
26:22You're going to have a wide range of markets that are suddenly reopened without the negotiations in place that we're trying to force trade deals to be tougher on the one hand.
26:32On the other hand, you're going to have more countries able to import into our country.
26:37And whether that is something that we do or don't want is something that should be discussed and debated.
26:42The challenge is when a court ruling can suddenly swing an entire country's economic policy in such a drastic level.
26:49That's really an incredible amount of whiplash for American farmers, workers, consumers to be dealing with.
26:57And the fallout is something that we would, you know, be seeing over the course of many days, weeks and months as we see how all of these countries react to America suddenly reversing course.
27:08Well, you know, I think the justices are considering all of these concerns and hopefully they will allow this to remain balanced.
27:15Brian Reisinger, a farmer and journalist, thank you so much for joining us.
27:19Good to be with you. Thanks for having me.
27:20Nearly 113,000 plug-in hybrid Jeeps are being recalled due to a possible issue with the engine.
27:29According to Stellantis, the engines could be contaminated with sand from the casting process, which can damage the engine.
27:38Stellantis says in rare cases it could result in a vehicle fire.
27:41The recall covers certain model year 2024 to 2025 Wrangler 4Xs, as well as 2023 to 2025 Grand Cherokee 4Xs.
27:53The National Highway Transportation Safety Administration says drivers may hear a knocking noise coming from the engine or see a malfunction indicator lamp owner.
28:04Owners will be notified by mail at the end of December.
28:07Hourly employees at Walgreens will no longer receive paid vacation time for six major holidays, including Thanksgiving and Christmas.
28:18The moves come about a month after the pharmacy giant was acquired by Sycamore Partners.
28:24Walgreens announced last month that it was laying off roughly 80 corporate employees.
28:30Last year, the company announced it was planning to close about 1,200 underperforming stores.
28:35Walgreens has not responded to a request for comment.
28:41New York and New Jersey have lost billions of dollars in taxes due to an exodus of residents in recent years.
28:48A political strategist discusses the influx of northern residents to her home state of Florida.
28:55And is artificial intelligence in the middle of a bubble like the dot-com craze of the late 90s?
29:00And did he weighs in on AI investment risk when we return?
29:05A recent report by Unleashed Prosperity shows that New York and New Jersey have lost billions of dollars in taxes due to an exodus of residents in recent years.
29:22They found that from 2013 to 2022, New York lost $517.5 billion in resident incomes, while New Jersey lost $170.1 billion in that same time period.
29:36Now, where are they going and why?
29:38Joining me to discuss is Angie Wong, Miami GOP committee woman and Republican strategist.
29:45Angie, thank you so much for joining us.
29:47Thank you for having me.
29:48Now, despite the recent election results, states like Florida and Texas have been seeing a noticeable increase in residents since at least 2022.
29:58Now, politics aside, what are some of the reasons why people have been leaving these two northern states?
30:04Well, certainly politics is wrapped up in this.
30:08But more importantly, I think Wall Street is trying to find a new home.
30:12So Wall Street has left New York and Chicago and finding homes where I am here in Miami.
30:17We're seeing lots of PE firms, lots of VCs and lots of Wall Street firms opening here and really enticing all of their employees to leave these blue cities to come to a red state like Florida, mainly because of income taxes.
30:34There's no state income tax here in Florida.
30:36And also just a quality of life and the cost of living is, you know, much lower than other cities that we've seen.
30:44So I think those are great enticements.
30:47Clearly, we're seeing a mass exodus.
30:50It's no longer necessary to be in some of these used to be cities.
30:54I'm from New York.
30:55I left New York in 2020 to move down here to Florida.
30:58And, you know, we get the same comforts as we do also in New York.
31:02So I think a lot of families, especially some of the higher executives, are seeing the same things.
31:07You get a lot more for your money here.
31:09You get a bigger house and you get a better quality of life.
31:13Well, New York in particular has had a high and consistent rate of residents moving out each year.
31:19And for at least the last 10 years, the reason has been crime and affordability.
31:22But in recent weeks, there's been more discussion about how socialist policies may drive people away.
31:28So the mayor-elect of New York, Zoran Mondani, won on a platform of affordability.
31:34Yet some residents and businesses are planning to leave.
31:37What are your thoughts on that?
31:39Yes, and I was just coming off a plane from LaGuardia Airport in New York.
31:43And I will tell you, I was speaking to my neighbors.
31:45A lot of them are Jewish and they are looking for second homes in Florida.
31:50Should Zoran Mondani really play out his socialist fantasy in New York City?
31:56You know, a lot of people go back and forth.
31:57He may do it.
31:58He may not do it.
31:59Kathy Hochul, the governor of New York, may allow him to push through a lot of these free policies.
32:04But, you know, there is a bit of a scare because I think the media, as well as the campaigning of Zoran Mondani,
32:12seem to be a little bit anti-Jewish.
32:15So I don't know if that is going to, if that was just campaign rhetoric or if that is something that he wants to implement in New York City.
32:23I hope not because it's one of our biggest Jewish bases.
32:27So I don't like that.
32:28But they are looking for second homes.
32:30And certainly the realtors in Florida are super busy.
32:34So you're saying Jewish residents of New York are looking for second homes in Florida?
32:37Yes, and I saw a plane full just this morning getting on the plane today.
32:43And that is exactly what's happening.
32:45And also speaking to my Jewish friends in New York, everyone's a little bit nervous.
32:49Because, again, if you haven't lived through several campaigns before, you don't know if it's campaign rhetoric or if this is a reality for New York right now.
32:58You know, clearly, you know, we do all sorts of things during campaigning to push out the votes, including fear mongering.
33:03And so I generally tell people, stay put, just to see how this plays out.
33:09I don't believe that New York City is going to suffer the way that a lot of people do.
33:13But, again, if people feel fear in their hearts, they're going to leave.
33:17And that happened.
33:18We had a mass exodus during COVID.
33:21Lots of New Yorkers moved down to Florida during that time, mainly because of the shutdowns, right?
33:26And Florida had much, much more relaxed rules about this.
33:29You could walk on the streets.
33:31You didn't have curfews.
33:32And shops were open, things like that.
33:34So I think people really look at that and say, hey, that's the kind of lifestyle I want to live.
33:41I don't want to be feared and, you know, be locked in my home all this time because my government tells me that.
33:46So I think Ron DeSantis did a fantastic job in, you know, looking at the scientific measures of what was going on during COVID,
33:54but also allowing people to live their lives.
33:56Well, let's talk about Momdani's platform a little bit.
34:00Now, one of the biggest promises he made was to lower everyone's costs by having government-run grocery stores and free rent.
34:07So why would those solutions to affordability cause residents to leave?
34:12Yeah, and those are just pipe dreams.
34:15Like, you're not going to have free rent.
34:16I think people who bought into that really bought into a fantasy.
34:20You're not calling up your landlord come January 1 saying, I'm not paying my rent this month.
34:24I hope people do not do that.
34:26What he's talking about is a rent freeze as far as any price increases.
34:31But, again, the nuances may not have trickled down to the average voter.
34:35So I think those things have to remain in place.
34:38And I think Kathy Hochul was the adult in the room to say, hey, hang on.
34:42No one's getting free rent here.
34:43There might be some freezes on increases, but nothing beyond that.
34:47As far as free grocery stores, things like that, remember, you have a state legislature that has to pass these things.
34:53And you have to have Governor Hochul sign off on these things and also a city council on the way.
34:58So there's a lot of things that you could say, throw around free stuff.
35:02It sounds great.
35:04Will he get any of it done?
35:06I would be surprised if he did.
35:07I really would be.
35:08Well, Fox News recently said that 9% of New Yorkers had planned to leave the city if Momdani won the election.
35:16Now, Florida Governor Ron DeSantis suggested to Fox News that he would continue to welcome New Yorkers to Florida
35:22as long as they don't bring leftist politics with them.
35:25So do you think that it's mostly conservative residents who are leaving New York and New Jersey?
35:32Well, I'll tell you the part of Miami that I'm in, Brickell, which is the number one area code moving to my district,
35:38which is downtown Miami and Brickell is 718.
35:42And that is Brooklyn, Queens, the Bronx, Staten Island, moving to Miami, bringing down their cell phones or phone numbers with that number.
35:52So we know that there's a big constituents coming up from north down to Miami.
35:57And, you know, whether or not they're bringing their politics, that has yet to be seen.
36:02Again, I've run a few campaigns here and we've gone through a few elections.
36:06Generally, what I'm seeing is that they don't get involved in politics down here, not as much, or they vote independently.
36:13So I think there's there's not necessarily, you know, a crossover of bringing blue policies here.
36:20They're not very welcomed.
36:21And being a Miami GOP committee woman, I certainly would be the first one to talk to them to try and change their minds.
36:29Now, while this migration benefits southern states in terms of resident incomes,
36:33there could be some disadvantages in areas like the housing market and the economy.
36:38So how do you expect Florida to deal with these kinds of changes?
36:43Well, you know, over the last decade or so, there's been a lot of housing developments.
36:48We've probably have about at least 20 new buildings coming up in my district of downtown Miami.
36:56These are residential towers.
36:58There's a lot of boom, a lot of money coming in.
37:01In fact, airlines are now rerouting to do direct flights to Miami Airport because all the money coming in.
37:08So we're looking at Miami being the new world city.
37:12We have a lot of money coming in already from the south in South America, but also now in Europe.
37:17And now we're hearing a word that perhaps a few Asian airlines want to get involved as well because they realize that Miami could be the new Wall Street.
37:27And we're certainly seeing that with a tech boom and a lot of the Wall Street offices moving down here.
37:33It's been fantastic to see.
37:35Yes, there's some infrastructure problems that we'll have to work out, but housing won't be a problem.
37:39There's plenty of housing here.
37:40It's more about the schools and also our roadways to accommodate all these new residents.
37:47Well, hopefully Florida can continue to thrive and it won't impact the economy so much.
37:52Angie Wong, Republican political strategist, thank you so much for joining us.
37:57As tensions between the U.S. and Venezuela keep rising, President Trump says he's made up his mind regarding the next steps he'll take.
38:07Venezuela's socialist leader, Nicolas Maduro, is now preparing for possible armed conflict with the U.S.
38:13Entity's international correspondent, Arian Pasdar, has a recap on the situation and the latest developments.
38:19So the U.S. military started attacking small boats, which it says are trafficking illegal narcotics from Venezuela to the United States.
38:29Now, according to the Trump administration, those boats, the drugs on those boats, they could potentially kill hundreds of thousands of Americans if the drugs reached the United States.
38:42Now, separately, earlier this month, President Trump ordered an aircraft carrier strike group to the Latin America region.
38:50This now brings the total number of U.S. soldiers in the region to 12,000.
38:57And on top of that, there's also almost 100 American fighter jets in the region.
39:02Now, because of those developments, some people say they think that the U.S. is preparing for military intervention in Venezuela to overthrow socialist leader Nicolas Maduro.
39:15President Trump, actually, just on Friday, was asked about that and about his plans, about his next steps regarding Venezuela.
39:23Let's take a look at what President Trump said.
39:26I sort of made up my mind.
39:28I mean, I can't tell you what it would be, but I sort of made up my mind.
39:31What do you say to some of your supporters who might not be excited about another foreign campaign?
39:38We'll see what happens.
39:39I mean, I can't tell you what it is, but we've made a lot of progress with Venezuela in terms of stopping drugs from pouring in.
39:47But we have a Mexico problem.
39:49We have a Colombia problem, meaning Colombia the country.
39:54We're doing very well.
39:56Drugs coming into our country are greatly slowed, as you can imagine.
39:59I just want to add real quick that the tensions between the United States and Venezuela, they didn't just start under President Trump.
40:09Actually, when Trump returned to office in January, the U.S. already had a bounty on Maduro.
40:16Just on Friday, Maduro requested international aid for Venezuela to help stop the growing U.S. influence, the U.S. military presence in the Caribbean.
40:27Maduro says the U.S. is trying to start a war in the region.
40:33Now, Washington, of course, says that it's just trying to stop the boats of those narco traffickers.
40:39And besides Maduro's appeal for aid, he is now also actively preparing for direct conflict with the United States.
40:47Just this week, Maduro signed into law a new national defense framework.
40:53He's uniting Venezuela's civilian and military forces.
40:58And he's calling on his people, on the people of Venezuela.
41:01Maduro is saying that they should, quote, prepare for armed struggle to defend Venezuela and its sovereignty.
41:08And he's also preparing a national military police exercise soon.
41:14Let's now listen to Maduro and what he said while signing this new law earlier this week.
41:20Let's take a look.
41:20If we, as a republic, as a people, must go to armed struggle to defend this sacred heritage of the liberators,
41:30we must be ready to win, to triumph through the path of patriotism and courage.
41:35So, I proceed to sign and execute the law.
41:37It's widely believed that Maduro wasn't actually re-elected as the president
41:43and that he cheated during last year's presidential elections.
41:47That's what a lot of Venezuelan citizens think.
41:50And that's also what the United States and other European nations came to the conclusion to
41:55after official investigations.
41:57They concluded that Maduro did indeed cheat.
42:01I mean, just ask any Venezuelan citizen you might know.
42:04Chances are, I mean, not of course, but chances are that they want Maduro to go.
42:10So, my point in this, the point I'm trying to make is that most Venezuelan citizens,
42:15from what I've seen, are not actually standing behind Maduro in this whole back and forth with the United States.
42:23It's been many years since overinvestment into the rise of the Internet produced the dot-com bubble and crash.
42:29Now experts are noticing similarities with the quick rise of artificial intelligence investing into stocks and startups.
42:36And today, Sean Marshall has a look into what's going on.
42:41There's no playbook for how to handle the explosion of AI stock,
42:44according to the CEO of Deutsche Bank's $1.3 trillion money management wing.
42:50Concerns that the AI sector is a bubble ready to pop are growing.
42:55Investors should be cautious, not afraid.
42:58Analysts have drawn comparisons between the AI investment craze and the 1990s dot-com bubble.
43:05We currently are in the middle of an AI bubble where stock prices have grown a lot faster than actual profit has.
43:14Valuations are currently inflated based off of AI hype.
43:18And ultimately, prices need to adjust and level out eventually to match reality and actual earnings present.
43:25The recent artificial intelligence rally is different from the dot-com bubble.
43:29Today's boom is driven by everyday retail investors, not institutions.
43:35Questions have been rising about how much higher AI favorites can go following their already high gains.
43:42Buying during hyped-up periods means buying at the top.
43:46And investors should really be ignoring the hype and focusing more on diversity instead of chasing whatever's hot in the given moment.
43:54Tech trends, they come in waves.
43:56And when AI hype fades, a new emerging popular technology will come with hype surrounding it.
44:02At the start of this month, Palantir was sporting a rise of nearly 174 percent for the year so far.
44:10The so-called Magnificent Seven, including NVIDIA and META, have seen their share prices soar,
44:16fueling fears about the scale of market exposure to just a few names.
44:21Sean Marshall, NTD News.
44:23A New York Jets player hospitalized after being shot in Manhattan.
44:28The shooting happened early this morning.
44:30The team has responded.
44:31And Paris is getting ready for Christmas cheers starting from today with lights along the Shantzai Lidze.
44:38More after the break.
44:48Police found Jets cornerback Chris Boyd with gunshot wounds in Manhattan earlier this morning.
44:53The 29-year-old is in the hospital and is listed in critical condition.
44:57Police blocked off of Mid-Manhattan Street where the shooting occurred.
45:02The New York Jets said they are aware of the situation.
45:06Fox News reported that no arrests have been made yet as the investigation continues.
45:11Boyd came to the Jets just this year.
45:14He has not played in any regular season games yet.
45:17He is listed as an injured reserve.
45:19He came into the NFL in 2019 after he was drafted by the Minnesota Vikings.
45:25He has also played for the Arizona Cardinals and the Houston Texans.
45:30A friend from his college football days told the New York Post that Boyd is doing well.
45:35Ernest Quander was a coach and Boyd was a player at the University of Texas.
45:40He said Boyd was in good condition and he is on his way to see him in the hospital.
45:47Pedestrians in the German city of Nuremberg made their way for hundreds of bleeding sheep today
45:52as the woolly flock was herded through the downtown on its way to its winter quarters.
45:57About 600 sheep were driven through the historic center as part of a popular annual tradition.
46:05Each year, the shepherd leads his flock to new pastures outside the city.
46:10During the summer months, the sheep are used to keep the grass in nearby meadows short.
46:16Nuremberg isn't the only German city where sheep are used as lawnmowers.
46:20They also graze in some other places, including the nation's capital, Berlin.
46:25The sheep's slow munching makes for insect-friendly grass care,
46:30helping preserve biodiversity and also save city authorities the costs of mowing.
46:36We are entering the holiday season in Paris.
46:40Christmas illuminations go live on the iconic Chantz-Lize Avenue.
46:45The trees on one of the most famous avenues in the world were illuminated with a wave of lights
46:52radiating and switching colors, all the way from Place de la Côte to the Arc de Triomphe.
46:58The illuminations will take place every evening from 5 p.m. to midnight, from now to January 4, 2026,
47:06with the exceptions on December 24 and 31, for which the lightings will shine all night.
47:14This annual tradition cements Paris' nickname as the City of Lights,
47:19perfect for holiday magic today and beyond.
47:24For around-the-clock coverage, visit us at ntd.com slash live or download our NTD app.
47:32And that's all for tonight's news.
47:34Thank you for tuning in.
47:35I'm Arlene Richards.
47:36Good night.
47:37Good night.
Recommended
0:35
47:29
Be the first to comment