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Varney: Another ‘bombshell’ unleashed

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3 years ago

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Stuart Varney: Another inflation ‘bombshell’ this morning

FOX Business’ Stuart Varney says the last time inflation spiked, it ended with a recession and the defeat of a sitting president, in his latest ‘My Take.’

…

STUART VARNEY: Another inflation bombshell this morning. Consumer prices went up 8% in the last year. That’s a real shock. Anyone under 50 has never seen this before.

President Biden has laid the blame on just about everyone: Meat-packers, oil companies, the supply chain, chip shortages and now Putin. Today, he’ll visit Iowa and frequently use the expression, ‘Putin’s price hikes.’

That’s a political excuse. It doesn’t address the root causes.

And those root causes are extraordinary money printing by the Federal Reserve; massive pandemic spending by Congress; the deliberate cut in America’s oil and gas production, ending our energy independence; and, yes, Putin’s war, which cut the supply of wheat and corn and raised food prices worldwide.

That’s why inflation has hit us so hard. And the administration is not in a position to do much about it.

Biden still has big spending plans. That’s not going to help. He won’t allow us to go get the oil and gas that’s under our feet, and there’s little Biden can do about food prices.

This is a political problem: Working people are taking the worst hit, and that’s the Democrat base, or used to be!

It’s an economic problem: We’re facing a recession threat, and that’s not good right before an election.

I keep saying it – this reminds me of the 1970s. That was the last time inflation spiked. It ended with a severe recession, and the landslide defeat of a sitting Democrat president.

…

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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CLOSE CALL: Trump says the Strait of Hormuz is ‘SORT OF OPEN’ and a deal is coming

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18 minutes ago

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November 6, 2026

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Editor-in-Chief of Forbes Media Steve Forbes joins ‘The Big Money Show’ to analyze President Trump’s claims of an imminent Iran deal and its impact on oil prices. He also discusses defense sector performance and global energy security. #foxnews #fox #foxbusiness #straitofhormuz #trump #iran #oilprices #bigmoneyshow #energysecurity #crudeoil #middleeast #defense #businessnews

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.

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This European airline is launching an ‘adult-only’ section for long flights #shorts

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1 hour ago

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November 6, 2026

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For an extra $49, Corendon Airlines will start offering seats in a separate, kid-free zone.

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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‘ULTIMATUM’: Trump takes shot at China as trade deadline looms

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2 hours ago

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November 6, 2026

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‘The Big Money Show’ panel discusses President Donald Trump’s ‘friendly reminder’ to U.S. trading partners. #foxbusiness #bigmoneyshow

Subscribe to Fox Business: https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.
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VETO WARNING: Kudlow says Trump will block Democrats’ spending agenda

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4 hours ago

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November 6, 2026

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FOX Business host Larry Kudlow explains how President Donald Trump could respond to Democrats’ agenda if they win control of the House in the midterm elections on ‘Kudlow.’ #foxbusiness #fox #media #breakingnews #us #usa #new #news #breaking #kudlow #larrykudlow #trump #donaldtrump #president #whitehouse #politics #political #politicalnews #government #democrats #democraticparty #democrat #republicans #republican #gop #congress #house #midterms #elections #veto #spending #budget #economy #economic #taxes #federal #legislation #policy #washington #dc

Subscribe to Fox Business: https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.

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Pollster BLASTS GOP failure to advertise inflation comparisons #politics #shorts #politicalnews

Published

7 hours ago

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November 6, 2026

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Pollster Matt Towery slams the GOP’s failure to promote President Donald Trump’s economic record, warning it could hurt Republicans in the midterms, on ‘Kudlow.’ #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #kudlow #larrykudlow #trump #donaldtrump #politics #political #politicalnews #government #republicans #republicanparty #gop #democrats #democraticparty #democrat #inflation #economy #economic #unemployment #jobs #employment #consumers #spending #midterms #elections #election #voting #campaign #advertising #messaging #polling #2026 #whitehouse #congress #shorts

Subscribe to Fox Business: https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.

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