Watch Fox Hosts Freak Out Live Over Disastrous Inflation Numbers

Donald Trump’s so-called Golden Age continues to steer the U.S. economy toward stagflation.

The producer price index, or PPI, in February reached 3.4 percent year-over-year, the biggest jump in producer prices in a year, according to a Bureau of Labor Statistics report released Wednesday. 

“These numbers are much hotter than expected, guys,” said reporter Sheryl Casone on Fox Business’s Mornings With Maria.  

Casone explained that February’s inflation numbers had exceeded all of Wall Street’s estimates. PPI was 0.7 percent month-over-month, which was 0.5 percent higher than estimated. The year-over-year PPI was also 0.5 percent higher than estimated. 

These high inflation numbers follow a period of dismal job creation and weakened growth for the U.S. economy. The combination of high unemployment, stagnant growth, and rising inflation typically means one thing: stagflation is coming—if it’s not here already. 

“Yeah, this is not good,” said Joel Shulman, financial analyst and founder of ERShares, an asset management company. Shulman said that this would likely prevent the Federal Reserve from cutting rates for at least a couple of months. 

“This is probably gonna be negative for the markets, and we’re gonna see, we’re probably gonna see the markets ticking down even further in the next couple days,” he told Fox. “So this is not good news.”

Over on CNBC, the hosts didn’t mince words about how bad February’s PPI numbers were.

“It’s almost the worst of both worlds. I guess stagflation would come close to describing the situation,” contributor Rick Santelli said. 

Speaking at the World Economic Forum in Davos earlier this year, Trump claimed that his administration had “defeated” inflation and that the U.S. had “virtually no inflation.” It wasn’t true at the time, and it certainly isn’t true now. 

Since he started his war on Iran, President Trump has gone from not needing help to begging for it regarding the Strait of Hormuz passageway. Now on Wednesday he’s threatening—in a typo-laden post—to abandon the key trading route entirely.

“I wonder what would happen if we ‘finished off’ what’s left of the Iranian Terror State, and let the Countries that use it, we don’t, be responsible for the so called ‘Straight?’” Trump wrote early Wednesday morning (before reposting with the correct spelling). “That would get some of our non-responsive ‘Allies’ in gear, and fast!!! President DJT.”

It seems clear that the president expected his attack on Iran to be similar to that on Venezuela—in and out, while picking the country’s next leader. That couldn’t be further from the case here. Now, after killing more than 1,200 Iranian civilians to take out a nuclear program he claimed was destroyed months ago, Trump is left with no victory, no solution, and skyrocketing gas prices as Iran retaliates by blockading the Strait of Hormuz.

The European allies he asked for help rebuffed him, and now—like a petulant child—he is threatening to flip the whole board game over and leave the rest of the world to clean up the mess.

You want to know how Donald Trump’s disastrous war in Iran is going? One of the president’s own supporters just called him a “worthless pile of shit.”

During a segment about the response to rising gas prices on NBC’s Meet the Press NOW Tuesday, politics reporter Jonathan Allen spoke to Pennsylvania resident Amanda Robbins at a gas station in Millersburg.

“If you could say something to President Trump and he was gonna hear you right now, what would it be?” Allen asked.

“You are a worthless pile of shit,” Robbins said.

“And you voted for him how many times?”

“Three times. That was my bad, apparently I’m an idiot,” she said.

Allen spoke to three other Trump voters who said they were willing to pay slightly higher gas prices, either because they believed in the cause of the war or they trusted Trump. Millersburg is located in a swing district in a swing state that Trump won in 2024. In Pennsylvania, the price of gas Monday was $3.76, up more than 60 cents from a month ago.

As Trump’s supporters have turned on him, the president is lashing out against his critics.

“THEY ARE NOT MAGA, I AM, and MAGA includes not allowing Iran, a Sick, Demented, and Violent Terrorist Regime, to have a Nuclear Weapon to blow up the United States of America, the Middle East and, ultimately, the rest of the World,” Trump wrote in a lengthy rant on Truth Social Sunday. “MAGA is about stopping them cold, and that is exactly what we are doing.”

Of course, Trump ran on a promise of no more wars and America First—before launching an increasingly expensive military campaign in Iran at Israel’s bidding. Is it any surprise that people are saying MAGA is dead?

The White House was completely blindsided by ex–National Counterterrorism Center Director Joe Kent’s political resignation.

The top counterterrorism official alerted the White House Monday that he would be leaving his post over the war with Iran, claiming that Tehran “posed no imminent threat to our nation” and that America’s ongoing involvement was due to “pressure” from Israel and its U.S. lobby.

Kent’s resignation sparked a maelstrom across Washington, where top Republicans and Trump officials spent the better part of Tuesday disparaging Kent and his work, branding the Trump appointee a “crazed egomaniac.”

But the backlash was, in large part, due to the fact that Kent’s abrupt exit was announced online and on government letterhead—which caught the president and his staff completely off guard, The Wall Street Journal reported Tuesday.

Key Republicans ripped Kent apart over the span of 24 hours, including the likes of House Speaker Mike Johnson, White House press secretary Karoline Leavitt, and former White House deputy chief of staff Taylor Budowich, who uniformly attacked Kent’s credibility and his influence in the government.

But the message wasn’t just for Kent. Instead, the size and scope of their reaction was a message to other Trump officials, warning them of the fallout if they publicly criticize the war.

Senior administration officials told The Guardian that prior to his exit, Kent was suspected of leaking information to the press, a suspicion that got him booted from both the presidential daily brief process and deliberations over Iran.

So far, 13 U.S. soldiers have been killed in the conflict, as have more than 20 Iranian officials, including Supreme Leader Ayatollah Ali Khamenei. More than 1,400 Iranian civilians have been killed, including dozens of children at a girls’ school in the country’s south. Some 3.2 million people have been displaced, as the U.S.-Israeli strikes have damaged more than 42,000 civilian sites—such as homes, hospitals, and schools—across Iran, according to Iranian government spokesperson Fatemeh Mohajerani.

Trump told reporters Tuesday that he would withdraw from the war “in the very near future” but that he wasn’t ready to leave yet. Leaving may not be a feasible option anytime soon, however. The president’s allies have recently noticed a shift in power, warning that while the early days of the war may have indicated an immediate victory, prolonged U.S. involvement in the conflict has dramatically increased the likelihood of boots on the ground. The changing tide has fueled concern that Trump could draw the country into yet another open-ended Middle East conflict.

The University of Florida kicked its College Republicans chapter off of campus over the weekend over a photo of a member performing a Nazi salute, and now the organization is suing the university.

The UF College Republicans filed a lawsuit in federal court Monday, alleging that their First Amendment rights were violated. The salute photo had circulated on social media, along with photos of the group’s members with neo-Nazi Nick Fuentes and far-right podcaster Myron Gaines.

In a statement, the university’s interim president Donald Landry said that the Florida Federation of College Republicans, which oversees campus GOP groups in the state, told the university that it had disbanded the UF chapter. Landry said that UF then moved to deactivate them.

“The University of Florida has emphatically supported its Jewish community and remains committed to preventing and addressing antisemitism and other forms of discrimination and harassment that are threatening and disruptive to our students,” Landry said in his statement.

The chapter is being represented in court by Anthony Sabatini, who alleged to the South Florida Sun-Sentinel that the Nazi photo was the “final straw” for the university, and the“edgy” student group felt they had been targeted for some time. Sabatini, a conservative Lake County commissioner, also claimed the chapter was really shut down because it hosted Florida Republican gubernatorial candidate James Fishback on March 11.

Fishback has repeatedly called his GOP rival, Representative Byron Donalds, a “slave.” Donalds is Black. Sabatini said that event was used to deactivate the group and replace it with more “vanilla” conservatives.

Young Republicans across the country seem to have a racism and antisemitism problem. Earlier this month, a Republican group chat of Florida International University students leaked online and showed dozens of its members engaging in racist, antisemitic, and depraved language. Last year, a leaked Young Republicans group chat comprising members from across the country showed members being similarly racist and antisemitic, while casually throwing around rape jokes.

Earlier this month, the national College Republicans named a far-right associate of Fuentes, Kai Schwemmer, as its national political director, showing that this rot is only increasing. White supremacy appears to be the future of the Republican Party.