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- LARRY KUDLOW: Ironically, Trump at Beijing plans the final blows to finish off t...
April was a bad month for inflation. No doubt about it. Both the consumer price index and the producer price index ran hotter than expected. There’s a lot of hand-wringing among the legacy press and the Democratic party. Yet financial markets, which are smarter than the lefty press and the Democrats, hardly reacted to it at all. The S&P 500 and the Nasdaq hit new record highs. The Dow Jones was basically flat. Bond rates are still in their year-long range. World oil prices actually fell slightly.There is no catastrophe. I’m sure the Federal Reserve and its new chairman, Kevin Warsh, will be keeping a close eye on prices. Yet I doubt if they’ll take any particular actions. The best thing they can probably do right now is nothing. Shrink the balance sheet if possible. Start working on new economic models that show that low unemployment does not cause high inflation. Nor does strong economic growth.Inflation is running hot right now because President Trump and Prime Minister Benjamin Netanyahu are working hard to finish off Iran once and for all. A temporary bulge in gasoline and other prices is a small price to pay to destroy a country that is the world’s enemy. Like the Nazis of almost 100 years ago. Developing nuclear bombs that will destroy America, Israel, and the rest of the civilized world — if those crazies get a chance to do it. Yet they must never get a chance to do it.That’s why a couple of months of inflation is a small price to pay. Mr. Trump has of course given middle-class America all kinds of tax cuts that are offsetting most of the $4.50 gasoline. Call it a push. The American economy is strong and resilient. It grew at 2 percent plus in the first quarter. And may grow as much as 4 percent in the second quarter. Unemployment is a low 4.3 percent. Americans are working. That’s a wonderful thing. Yet if we ever backed off Mr. Trump’s commitment to destroy the Iranian regime and their nuclear capabilities, we’d lose everything, including our whole economy. And this must never happen. I’m sure Mr. Trump will tell this to President Xi when they meet tomorrow.America will not give up. Iran must not have any nuclear capabilities. Look, Mr. Xi helped make Iran the monster that it is today by arming them to the teeth and,… [TheTopNews] Read More.1 hour ago - CBO estimates Trump’s Golden Dome missile defense system could cost $1.2T ...The Trump administration's plan for a "Golden Dome" national missile defense system could cost more than $1 trillion to develop and operate over the next two decades, according to an estimate by the nonpartisan Congressional Budget Office (CBO).The CBO on Tuesday published a report which estimated that developing, deploying and operating a Golden Dome missile defense in line with what President Donald Trump outlined in his executive order would cost about $1.2 trillion over 20 years. Per the order, the Golden Dome would be designed to defend against ballistic, hypersonic and cruise missiles, as well as other aerial threats. It would cover the entire U.S., including Alaska and Hawaii, with the capacity to engage a regional adversary or a small-scale attack by a peer, though it could be overwhelmed by a full-scale attack by a peer or near-peer adversary, CBO said.In the report, the CBO considered a national missile defense system with four layers of interceptors, including a space-based layer, two wide-area surface layers – including an upper layer and a lower layer, and a surface-based regional sector layer. HOW MUCH WILL TRUMP'S 'GOLDEN DOME' MISSILE DEFENSE SYSTEM COST?It would also include additional sensors, communication systems, and battle management systems to coordinate the collective action between the system's layers.The most expensive portion of the Golden Dome system would be the space-based interceptor layer, which the CBO said would account for about 70% of acquisition costs and 60% of total costs.Acquisition costs for the Golden Dome system as a whole would total a little over $1 trillion over the 20-year period, while average operation and support costs would average more than $8 billion per year.US NATIONAL DEBT SURPASSES SIZE OF THE ECONOMY FOR FIRST TIME SINCE WORLD WAR IIThe CBO's estimate notes that there are substantial uncertainties about how quickly components of a national missile defense system could be deployed. CBO's operation and support costs are based on a 20-year period starting in 2028 for surface-based systems and in 2030 for space-based systems. It noted that operation and support costs are likely to be slightly higher if deployments occur later.US NATIONAL DEBT BREACHES $39 TRILLION MILESTONE FOR FIRST TIME AMID SPENDING SURGECBO noted that the director of the Office of Golden Dome for America in recent public statements estimated the cost of the program's objective architecture would cost $185 billion to deploy over the next decade.The White House's 2027 budget request documents call for… [TheTopNews] Read More.2 hours ago
- Boeing pursues massive China jet deal as CEO joins Trump’s delegation to B...Boeing CEO Kelly Ortberg is among the group of American business leaders who have traveled to China with President Donald Trump and is pursuing what could be a sizable deal for the planemaker.Ortberg said on a call with analysts last month that the visit represents "a meaningful opportunity for us," though he cautioned that he thinks a deal is "100% dependent on the U.S.-China negotiations and relations.""I'm not going to give you the number of airplanes, but it's a big number," Ortberg told analysts of the potential order Boeing may land.He said that he is "highly confident" that if Trump reaches an agreement with Chinese President Xi Jinping, the deal will "include some aircraft orders."BOEING SECURES $8.6B CONTRACT TO BUILD FIGHTER JETS FOR ISRAEL'S AIR FORCE"President Trump has been very focused on supporting us in international campaigns, and he's been very successful in doing that," Ortberg added.Bloomberg reported that China is considering a deal for about 500 of Boeing's 737 Max jetliners, which would help Chinese airlines in need of new aircraft, according to people familiar with the matter.The outlet also reported that Boeing and China are in discussions about selling around 100 Boeing 787 Dreamliner and 777X widebody jetliners, though the deal isn't expected to be a focal point in this week's summit and would likely move forward at a later date, with the 737 Max deal the immediate focus.TRUMP READIES FOR BEIJING SUMMIT WITH XI AS AI CHIP SALES, FARM GOODS TOP AGENDAOrders of jetliners from Boeing are expected to be a key portion of a broader agreement between the U.S. and China if Trump and Xi are able to reach an agreement, along with other farm goods and other items.Energy purchases may also be on the table, while China wants the U.S. to allow tech companies to sell Chinese firms advanced artificial intelligence (AI) chips as the world's two largest economies race to advance AI capabilities.Other corporate leaders who are traveling to China with the U.S. delegation include Tesla and SpaceX CEO Elon Musk, outgoing Apple CEO Tim Cook, BlackRock CEO Larry Fink, Citi CEO Jane Fraser, Cargill CEO Brian Sikes and several other leaders of prominent U.S. companies.ELON MUSK AND APPLE'S TIM COOK WILL TRAVEL TO CHINA WITH US DELEGATION: WHITE HOUSE"Besides Boeing and Cargill being linked to purchase agreements, the others are mainly there to deliver demands on critical input supply," said Reva Goujon, a… [TheTopNews] Read More.2 hours ago
- Publix backtracks on open carry after allowing guns in Florida storesPublix has quietly made changes to a policy that allowed customers to openly carry firearms inside its Florida grocery stores.The Florida-based chain, which operates more than 1,400 locations across the Southeast, now states on its website that it "kindly asks that only law enforcement openly carry firearms in our stores."The change comes months after Publix said it would permit open carry in its hundreds of locations across the Sunshine State, following a state appeals court ruling that struck down the state’s ban as unconstitutional.GROCERY STORE EDGES OUT PUBLIX AS AMERICA'S FAVORITE"As of Sept. 25, 2025, Florida law allows the open carry of firearms," a spokesperson for Publix previously told FOX Business, adding that the company "follows all federal, state and local laws."At the time, Publix was one of only a few grocery chains willing to allow customers to openly carry firearms.Other major retailers – including Walmart, Target, Costco, Winn-Dixie, and Sam’s Club – had already asked customers not to bring guns into their stores, according to WESH 2.MAJOR GROCERY STORE CHAIN OPENING NEW LOCATIONS IN 5 STATES THIS MONTHPrivate businesses, including grocery stores, remain entitled to bar weapons. Additionally, certain locations such as courthouses, schools and government facilities are classified as prohibited places for carrying open or concealed firearms."Any person carrying a firearm who violates the private property owner’s warning to depart will be committing armed trespass, a third-degree felony," a guidance memorandum from Florida Attorney General James Uthmeier to Florida law enforcement agencies and prosecuting authorities said. FLORIDA GROCERY STORE CHAIN ALLOWS OPEN CARRY IN STORESSigns reflecting Publix’s updated stance have also begun appearing at some store locations, according to the Miami Herald.No major incidents were reported while the policy allowing open carry was in place. However, the shift follows a recent accidental firearm discharge at a Miramar store, which prompted a police response and safety sweep, the Miami Herald reported.GET FOX BUSINESS ON THE GO BY CLICKING HEREFOX Business reached out to Publix for comment.FOX Business' Pilar Arias contributed to this report. [TheTopNews] Read More.2 hours ago
- Trump’s Fed chair pick Kevin Warsh confirmed by US Senate
Kevin Warsh was confirmed by the narrowest margin since the role required a Senate confirmation vote. [TheTopNews] Read More.3 hours ago - Allegiant CEO makes case for low-cost airline model as Sun Country acquisition c...
Allegiant CEO Greg Anderson said leisure travel demand is still strong despite higher fuel prices. [TheTopNews] Read More.3 hours ago
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