Tracy Mumford
๐ค SpeakerAppearances Over Time
Podcast Appearances
All of this makes the berries one of the most fuel-sensitive items at the grocery store, which means they can be an early sign of just how much the war in Iran could affect prices.
Raspberries were already expensive, but according to federal data, the wholesale price of fresh berries has doubled since January.
And the Department of Agriculture is now warning that food bills overall could climb as much as 6% this year.
It's not just about gas for transport.
The war could drive up the cost of plastic packaging, a lot of which is petroleum-based.
Also, a lot of the world's fertilizer is stuck in the Gulf, and that could affect crops, too.
All of this comes on top of tariffs, a tight labor market, and other factors that were already contributing to higher prices.
Beyond grocery stores and gas stations, the war is also continuing to shake the stock market.
Yesterday, Wall Street had its biggest one-day drop since the start of the war, and the S&P 500 is on track for its fifth straight week of losses.
President Trump said he is extending his deadline again for Iran to reopen the Strait of Hormuz.
The key shipping route's been effectively closed for weeks, snarling global markets.
If Iran doesn't comply, Trump is threatened to destroy the country's power plants.
The president's first deadline was this past Monday.
He then delayed it to today, and he's now set it for April 6th.
He said Iran had asked him to push it back as the two countries have started talks about ending the war.
There has been growing chaos at American airports, with 50,000 TSA workers going unpaid as senators have sparred over funding for the Department of Homeland Security.
But just after 2 a.m., the Senate passed a funding measure that would cover most parts of the department, the TSA, along with FEMA and the Coast Guard.
The bill has one clear exception, though.
No new money for ICE or Border Patrol.
Those DHS agencies have been at the center of the fight, with Democrats refusing to fund them without restrictions on agents.