Today, a new look at the Republican proposal to address rising health care costs for millions. Speaker Mike Johnson revealing the House GOP plan, which includes an expansion of association health plans and ways to make it easier for employers to fund plans for workers. But President Trump seemed to stick with another idea.>> What's your message to those 24 million Americans who will see their insurance premiums go up. Don't make it sound so bad because you know obviously you're a you know syncopan for Democ ...

Ingredient Costs and Pricing - Overall ingredient costs are stable, but turkey prices are a key concern [1] - Fresh, free-range turkey is recommended over frozen turkey, despite the higher cost (approximately $3 per pound for a 20-pound turkey) [1][2] - The store did not raise turkey prices this year, despite farmers' increased labor, feed, and energy costs [4] - Egg and butter prices have decreased, stabilizing the overall cost of Thanksgiving items [8] Consumer Behavior and Demand - Consumers are still willing to purchase luxury items like prime rib and Haagen-Dazs ice cream, even with a 20% price increase [6] - People are choosing to cook at home more often to save money compared to eating out [7] - Consumers are expected to maintain similar spending levels for a full Thanksgiving meal as in previous years [8] - Despite economic concerns, sales of pre-made mashed potatoes are up, indicating continued spending on convenience items [14] Farmer and Retailer Perspectives - Farmers are primarily concerned about rising labor costs [4] - Retailers are splitting tariff costs with small farms to avoid hurting them [12] - Food costs are expected to stabilize and potentially decrease if tariff issues are resolved [12][13] Alternative Options - Ham is a popular alternative to turkey for Thanksgiving [10]

one thing in common. We want this uh city of ours that we love to do very well. And I wanted to congratulate the mayor.He really ran an incredible race against, you know, a lot of smart people starting with the early primaries against some very tough people, very smart people. And he beat him and he beat him easily and I congratulated him. And we talked about some things in uh very strong common like housing and getting housing built and uh food and prices and the price of oil is coming way down.That anythi ...

So, while Epstein has haunted Trump all week, we are still just 10 days out from an election where voters, including some former Trump voters, went Democratic over prices in the economy. Today, Trump is actually responding with action, which is pretty interesting given how much rhetoric goes on in this administration. But he is tweaking tariffs on coffee, tea, oranges, these kind of everyday items, trying to at least bring food prices down, which is something people of course notice every week.The Times rep ...

Market Trends & Dynamics - Coffee prices spiked 145% in July year-over-year, with average retail price for a pound of ground coffee hitting $841 [1] - Coffee futures are at their highest level in two months and having their best month since January [15] - The US gets more than a third of its unroasted coffee imports from Brazil, the world's top coffee producer [1] - The US coffee industry imports most of its coffee from Latin America, including Brazil, but there are options to import more coffee from places like Vietnam, Indonesia, and Ethiopia [5] Impact of Tariffs - President Trump's 50% tariffs on imports from Brazil are about to worsen coffee prices [1] - Tariffs will likely have noticeable impacts on food prices in the coming weeks and months [3] - The brunt of these tariffs will be borne by a combination of firms, typically manufacturers, retailers, and mostly consumers [12] - Steel and aluminum tariffs on places like China will further impact the coffee supply chain in terms of packaging and capital inputs [19] Supply Chain & Production - The supply of coffee is inelastic, meaning there are limited stores of coffee available for immediate purchase [5][6] - Domestic coffee production in the US (Hawaii and Puerto Rico) accounts for approximately 1% of the coffee consumed [8][9] - There is effectively no capacity to ramp up domestic coffee production to substitute imports [9] Pricing & Inflation - Coffee price inflation is already one of the fastest-moving categories in terms of the CPI and is expected to continue to climb in the next 3 to 5 months [14][15] - Food companies operate on very thin margins, limiting their capacity to absorb tariff costs [12][13] - Producer Price Index (PPI) for coffee beans has been increasing more dramatically than retail prices, indicating further price increases to come [18]