Supermarket chain CEO sends grim message to shoppers



John Catsimatidis, the owner and CEO of New York City supermarket chain Gristedes, argues that in the next 30 to 45 days food prices will soar another 10% amid an inflationary environment.

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

source

26 comments

  1. Says the biggest "exploiter" of all!
    No…it couldn't possibly be Biden's fault. Biden is compromised and owned!

  2. Because Biden is a tyrannical communist pig party

  3. Drill, Brandon, drill !

  4. 6:05 "People are adjusting." Really? If I saw bags of cookies on the grocery store shelf that cost over $7.00, I certainly wouldn't buy them! Poor people like me cannot afford to buy cookies at that price.

  5. This president has no clue . Blame who ever you want fix the issue what a yo yo .

  6. As an owner operator and motor carrier I can say the price of transportation is at historic lows. Inflation in the grocery stores has nothing to do with the transportation industry, it's the shippers and freight brokers running the prices up!

  7. Biden is single handedly destroying the USA with his dumb policies.

  8. Biden is a Lying Sack of Crap!

  9. How much longer are they going to let him remain in office, he's just as corrupt as Putin

  10. SEE YOU SUCKERS, I AM RICH AND I OWN THESE STORES. YOU WILL HAVE TO PAY MORE BECAUSE I WANT TO BE RICHER AND REWARD MY STOCKHOLDERS! DO YEAH THE NEWS FOR YOU POOR WORKING STIFFS WHO CAN'T PAY YOUR RENT I DON'T FEEL SORRY FOR YOU!

  11. IS THAT WHAT IT IS ABOUT?TO FINISH TEARING AMERICA DOWN. WE ARE TIRED OF ALL THE LIES. ONE DISATER AFTER ANOTHER. AMERICA WE NEED TO COME TOGETHER AND TAKE AMERICA BACK.

  12. Thanks joe you did that!!

  13. Bush is making a lot of money right now

  14. You people think it's just stupidity & bad choices, when they've been campaigning on undermining, compromising & weakening this country, this is all by design

  15. This administration is directly responsible for oil prices going up, due to canceling oil leases, anyone capable of clear thinking understands the guy is lying

  16. Someone should be telling biden the same thing he said about putting he is ruining America and the people in it I have never seen this much hatred among the people as I have during this administration 😒 😑

  17. Joe Biden should be forced to resign with all his associates; he's destroying our country with his socialist mentality and lack of vision! The time is now; we can't afford another six months and hope he won't gain votes. He's allowing undocumented illegal aliens to vote for him again as no normal citizen will vote for him! He continues to recycle old ideas which didn't work!!!

  18. It is true oil companies make way too much profit. They should not be getting subsides from the govt with their profits. But Biden is to blame for the higher prices. Everyone needs to work together to get prices down

  19. Ohhhh…. Prices are jacked up to force drilling in protected areas. I see this old monsters game.

  20. Biden monopolized oil business crushing america.

  21. These people are old! they think old and they want America to be old!

  22. Just give up your cars

  23. After bombing and sanctions all ower the world it had all come back home.
    This is just the begining…

  24. I've been around for more than 1/2 century and I have seen my share of stock market contractions. Saw the birth of video gaming, and the birth of the internet, to name a few. Now, I get to witness the birth of blockchain and Crypto, and I can personally attest that Crypto is a completely different beast from the US stock market. 100% agree that there should be a guarded approach to crypto investing. You may not win hearts and minds of everyone, but you have and are earning respect for telling the truth and trying to help others to look out for themselves. I'm super picky who I listen too for crypto analysis.. I have made over 21` btc from day trading with Jennifer Wilbur strategy Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish.