Can Trump impose price controls on groceries?

0:00 Speaker 1 One of the biggest consumer advocates and logistics persons in the food industry. In the consumer industry, we had with us Burt Flickinger and Bert. There’s so many things happening, so many moving parts. You have a new sheriff in town.

0:21 His name is Donald Trump. You tell us how is that gonna affect food prices? How’s that gonna affect gasoline prices?

0:30 Speaker 2 Give us your projections, John, like you, I always look at the past to predict the future. With the new sheriff in town as your reference, well, Donald J. Trump, gas prices will decline by another fifty percent. They were two dollars where we left office. They went to five dollars where he left office. It’s three dollars and three

0:52 cents today Sunday, and it’ll drop to two dollars and even below. So is you and your friend Larry Caddlos say drill, baby, drill. And this you and Larry Cudlow say so well on Cudlow’s Saturday radio show yesterday. Is that with gas prices coming down, that means fertilizer costs come down, which means farmer’s costs of growing agriculture and

1:16 livestock go down, and so the whole supply chain decreases. So food prices, which increased forty percent by the outgoing administration, food prices and our Strategic Resource Group forecasts will decline by at least ten to twenty percent, probably more during the new administration under new share of Foalgy.

1:40 Speaker 1 Trump understood, Now I understand some other things have been happening that could affect food prices. There was a big merger that was going to happen between Foger and Albitson’s, and you were involved in it somehow. Tell us what happened.

2:00 Speaker 2 It was the most overwelling them too decision by a federal government agency. See it was a win. The Federal Trade Commission, or FTC rejected the Kroger acquisition of Albertson’s. So who’s the winner. Walmart wins. The wealthiest family in the world that makes one hundred million a day from their Walmart investments. Amazon Jeff Bezos, the wealthiest man in

2:25 the world, wins. America loses. Why is that important? Who loses? John? The farmers lose, the union workers lose, consumers lose. Kroger pledged as they always do to lower prices twelve percent Albertsons could very well lose. In our SRG studies, Albertson’s stores are forty percent below the supermarket average and sales for square foot Safeway twenty percent below. Viability uncertain going forward.

2:53 Why is that important for shopping centers across America that pay for fifty percent of the public school budgets if the anchor supermarket tenant goes as you and your team know well with Cudlow, John, that if the shopping centers go, fifty percent of the public school budgets go for elementary, high school and public colleges and universities, total loser, totally

3:15 wrong decision. And he’s going to set.

3:18 Speaker 1 Let me ask you another question. You know, there’s a new sheriff in town. Like we said January twentieth, that President Trump takes will Will. Does President Trump you, in your opinion, does President Trump feel any better about that merger?

3:35 Can they make it? Can make it come back?

3:38 Speaker 2 John, You’re raising such an important and present present point of Donald J. Trump and the Federal Trade Commission and anti trust stance going forward and President Trump and you’re in my extensive Federal Trade Commission anti trust experience in the last thirty five years would typically be very pro merger, but Elbertson’s did something completelydiosyncratic last week. Is as soon

4:02 as the deal was rejected, Albertson’s announced it was suing Kroger. So what what someone wants to get buried when when the bride is suing the groom that is.

4:15 Speaker 1 The I don’t think that’s very smart. Uh Well, Bert Flickinger, please keep us informed of what’s going on and we’ll catch up with you again real soon.

4:25 Speaker 2 Yes, sir investor, you Margot, Chad, Curtis and Cudlow and your great team