00:00Right now, President Trump is on his way back, as you know, from a critical summit with Chinese
00:04President Xi. He is on Air Force One, making his way back to the United States. Speaking this
00:08morning on Air Force One, he made some eyebrow-raising statements, including a non-commitment
00:15on Taiwan arms sales that Congress has already approved to the tune of about $14 billion.
00:21He also talked about the Strait of Hormuz. How do you, the American people, feel about
00:25the President's handling of all these huge, important issues? And that is where CNN Chief
00:30Data Analyst Harry Enten comes in. So just where is Donald Trump right now in the minds of Americans?
00:37You know, we've had all of these big events that have been going on, and sometimes I think it's
00:41worth taking the 35,000-point view, right? That viewpoint from up in the sky. And we could just
00:47see it is the... Yeah, you could see it here. You know, this is the aggregate of my aggregate of
00:52polling data that, you know, you're looking at here. And it's just a steady climb downward into
00:57the Red Sea because Trump's net approval rating hits a new low. You could see it right here,
01:0120 points underwater. And what you just see on your screen right here is it's been a steady
01:07climb downward. You know, you go back to January of 2025. At the beginning, it was plus six,
01:12then minus six by May 2025, minus nine, minus 14, minus 15. But over the last few months,
01:17as the Iran war has taken shape, as those gas prices have jumped through the roof,
01:21Trump has hit a new low. He's at minus 20 points, which is the lowest point of his second term.
01:28So you talk about this being an aggregate, so the average of what's happening. What about
01:31individual polling? What did you see? Yeah, okay. So this is the average polling. But I was just
01:35thinking, hey, have there been any polls recently in which Trump has not had a negative net approval
01:41rating like he does in the aggregate of polling? And you go back in time, because this really just
01:45sort of takes the cakes. Trump's negative, a negative net approval rating every poll since
01:51March 29, 2025. That is over a year ago. You can't find a single poll in which he has anything
01:59but a net
02:00negative approval rating. That is 413 days in a row. That is more than 365. It is more than a
02:09year.
02:09Trump has been underwater, not just in the aggregate, but every single poll.
02:15There is one thing that people have noticed, and this happens sort of not as much in his last
02:20administration, that he's done a lot of things from tariffs to the war in Iran. It's not like
02:24necessarily things people like, but there have been a lot of moves made by this president.
02:29Doesn't that hasn't helped him at all? Or it has actually done the opposite? Yeah, exactly right.
02:34It's done the exact opposite, because you see this every single poll for over a year, 413 days.
02:40And you go to yourself, you know what the most important thing is when it comes to presidential
02:43politics? Pretty much all the time, it's the economy, smarty, right over there. And you just
02:48look right at this, and you say, the net effect on your personal finances, the best of the group is
02:53the tax law, right? That's 16 points underwater. How about tariffs? 49 points underwater. How about the
02:59Iran war? That effect on your finances? 67 points underwater. No wonder Trump is underwater in
03:06every single poll. No wonder he's hitting new lows in the aggregate, because when it comes to the
03:10economy, the reason he won a second term, all of the signature pieces of either legislation or events,
03:17he is underwater by a ton. I mean, 67 points underwater. Whoosh. Yeah, that's because people are
03:23paying 450 plus a dollar average. That's part of it. Gas prices are killing our budgets.
03:29The national average for gas has risen to $4.52 a gallon. That is $1.33 higher than it was
03:37last
03:37year at this time. You aren't the only one that's frustrated, it turns out, and worried. Gas station
03:43owners say they too are struggling with this. Joining me now is Chris Bambury, a gas station owner in
03:49Sonoma Valley, California. His family has been selling gas in the valley for more than 100 years.
03:56Pretty incredible. That is a very long time. So I got to ask you first, what are you charging for
04:01regular unleaded in California right now? Oh, we're about $6.40 a gallon for regular unleaded.
04:10All right. Your family has been in the gas business for more than 100 years. That means that you were
04:16around during, your family was around during the gas shortages of the Carter years. Give me a sense of
04:22what this gas spike now looks like for you. What it means.
04:29The most volatile we've ever seen. So my father lived through that definitely and was operating
04:35during the Carter years and the long lines and running out of product and a lot of challenges then.
04:42But this has been so volatile with the up and down. You just, you really can't comprehend, you know,
04:48where it's going to go. One day it's coming down, next day back up. So most volatility we've ever
04:54seen in my lifetime in the industry. That's saying something for a family that's been through this for
05:00100 years and you've been around for a bit just watching all this happen. Look, as drivers, when we
05:05pull up to the gas station, we tend to look at the prices and blame y'all a little bit
05:11and say,
05:11like, what are these gas stations? Like, what do they do in charging this money? Do you benefit at
05:15all from high gas prices?
05:19No, our industry fares worse and we never like high gas prices. Customers really do not like
05:27the prices high. They come in, they're much more upset about where the market's at and how much it
05:34hurts their pocketbook. Our industry gets even more compressed and competitive when it's higher
05:39prices. Just really for the customers are looking around shopping and just, it's a much, much tougher
05:47industry to deal with when prices are high. What are the margins like for you? Because you have to
05:51deal with the sort of the wholesale gas price and then pass some of that on to the consumer,
05:56obviously. What are the margins there for y'all? They are definitely compressed, like I said,
06:03when the market is high. You know, we, again, see they're much more livable and fair margins when
06:12prices are low, but not faring well at all during now with the current high prices.
06:19Just quickly, first of all, I've always wanted to know the answer to this question.
06:23So now you're getting it. When you are going to get for gas and there are two gas stations right
06:28across
06:29from each other on the corner and one is 10 cents higher than the other. How is that decided? Is
06:34it
06:34the company that you're dealing with, whether it's Exxon or BP, or is it something else?
06:41No, no, everybody independently. You know, we all set our own pricing as independent operators.
06:46You can choose to be more competitive, maybe choose to be higher priced slightly and offer more value,
06:52more services for your customers, like more staff. So it's all very, very dynamic.
06:59And, you know, really not at all anything as far as setting or, or, you know, doing any pricing
07:06together. Okay. Understood. I know you're going through it. A lot of people are that $6 and 40
07:12cents a gallon was hard to swallow. I think I just got hiccups from hearing that number. And I know
07:17it's making you nervous too. Chris Bambury, thank you so much for, for coming on and walking us through
07:22all that, explaining it. From the gas pump to the grocery store, higher prices are weighing on
07:27Americans' wallets. Evening to go to the grocery now is very scary because before with the $10,
07:35you could have your lunch, but now everything, everything more expensive.
07:43New data released this week showed for the first time in three years, Americans' paychecks no longer
07:48outpaced inflation. And as for grocery prices, those rose more than half a percent last month. That is,
07:54the most grocery prices have increased over a one-month period and nearly four years since August
07:592022. Joining us now is Stu Leonard, Jr., CEO of Stu's Grocery Store. Stu, it's always great to have
08:06you on. Looks like a beautiful day where you are. I want to start by asking you what you are
08:11personally
08:12seeing at your stores and what products are being hit the hardest.
08:16Well, I think the gentleman you just sat on says it all. You know, you're just hearing from customers all
08:21the time. You know, prices are up on grocery. Now, you know, first of all, we get targeted a
08:28little bit. I mean, it's Stu Leonard's. It's like, you know, you're the culprit. Are you making extra
08:31money? We're not. You know, just as an example, in the morning, I got a phone call yesterday from
08:37our farmer down in Florida with all the tomatoes, watermelon. And he said, you know what, Stu,
08:43I used, it's costing me $2,000 more to send a tractor trailer from Florida up to your stores
08:49in New York, Connecticut, New Jersey. And then I go down on the store floor and a customer comes up
08:55and says, I just filled my Suburban up with $50 more than it did cost me. So what do I
09:03do? I can't
09:04raise prices over here. But then again, I got my farmers in Florida telling me their labor costs have
09:11gone up and the fuel prices have gone up. So we're stuck in the middle a little bit.
09:16What I've done basically is ask the farmer in Florida, if I could split the difference with
09:21him and he pays half of the freight and I pay the other half. And that's been working out so
09:26far.
09:27We're just a week or so away, Stu, from Memorial Day weekend. What do you think this all might mean
09:33for families looking to celebrate the holiday with a backyard barbecue? Do you anticipate this
09:39continuing into the summer months as well?
09:43Now, Wolf, you know what? With the barbecue coming up, you know what that's about? You're
09:49getting some hot dog and hamburger buns. You're going to have, of course, look, you got some great
09:57hamburgers. Okay. This is only about four or five dollars a pound right now. But you know what?
10:03You know, one way you can save money is here. Here's like a ribeye steak. We just we just had
10:10our ranchers back from from the Midwest. And this is what they wanted to eat. But this is really
10:15expensive right here. You know, so if you want to save money, go to the hamburger right there and
10:21do that. You also have hot dogs. And the other thing, Wolf, you mentioned you had some salmon last
10:26night. Check this guy out right here. Okay. This is about $10 a pound. You know, how's that guy? Look
10:33at
10:33these little buddy pounds. That's a 30 pound salmon. And, and, you know, we'll cut it fresh. But
10:42that's about 10 bucks a pound for fresh salmon. A beef is up in 15 to 16 to $70 pound
10:50chicken. I
10:51talked to Jimmy Perdue from Perdue Farms yesterday. That's come down. He's noticing a spike in
10:56customers moving from the higher price proteins like meat down to lower price like chicken. So
11:03he's seeing an increase in sales at Perdue Farms. Interesting. And, you know, you were mentioning
11:08earlier that the people who bring the food up to you, that the truck drivers and so forth,
11:12and those companies are battling the higher gas prices. And so you're trying to help them out. But
11:17also, customers are also dealing with these rising gas prices. And that could be affecting their buying
11:23habits at the grocery store. How else is high fuel costs hitting your business? What are you hearing
11:28from customers? Well, it, you know, fuel touches every part of food, even from fertilizer that's stuck
11:36over in Australia or Muth right now, you know, I mean, that that is coming over, you know, needs energy
11:43to
11:43get here. You look at the diesel that the farmers have to put into their tractors. And right now,
11:50this is like prime time for a lot of our beautiful East Coast fruits and vegetables right now. So,
11:56you know, you're seeing fuel touch everything. That's a big driver. My fingers are crossed that
12:01we're going to work this fuel problem out. We're going to see fuel prices drop. When they do that,
12:07we'll see food prices drop, but not back to where they were, you know, just after COVID because
12:13a lot of labor costs have gone up, uh, uh, you know, along the way also.
12:19Salmon I had last night, uh, stew was delicious, by the way. Uh, stew letter junior as usual.
12:25Thank you very much for all you do.
12:30That seems like a lot. I want to know what went into it.
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