BS Summary: This video contains 24 faulty reasoning types, including Availability Heuristic, Appeal to Authority, and Pessimism Bias, with Negativity Bias as the most egregious example at 44.1% saturation with 157 hits. Analysis detected 1,319 faulty-reasoning hits from 356 analyzed words, generating a BS Score of 98.5% and a BS Rank of 99% (306 of 16,813 videos). This video is worse (more manipulative) than 98.20% of the video peer group.
Now to the economic impact of the war here at home.
The conflict is driving up shipping and airline prices with some companies tacking on fees and surcharges.
ABC's Alex Presha has more.
As the war with Iran enters its sixth week and gas and energy prices are soaring, tonight President Trump taking a victory lap on the economy touting the trade deficit and his tariff policies.
Fresh off a better than expected jobs report where the US economy added 178,000 jobs in March, the president posting thank you Mr. Tariff.
All of this and simultaneously getting rid of a nuclear Iran.
But some economists are pointing to other signs of economic uncertainty that are forcing Americans to pay more.
The rising gas prices have been brutal.
Like at the pump where the national average of a gallon of gas is over $4 and higher in some places.
And airfare as millions look to book summer travel, some domestic airfares are going up as much as 20%.
United now raising its baggage fee by $10 citing the increasing price of jet fuel for the hike.
With the price of a barrel of oil in the US now over $100, cruise lines could add extra charges too.
How far do I want to push the cost of goods up to the public?
Companies now big and small passing that along to consumers. Amazon saying they're joining FedEx and UPS adopting a fuel surcharge for certain items.
Analysts warn that food prices could be next as trucks transport 83% of America's agricultural products and 92% of dairy, fruit, vegetables and nuts.
The increasing uncertainty reflected in this latest forecast from JP Morgan which paints an uncertain future if the Strait of Hormuz which 1/5 of the world's oil supply passes through remains closed saying much like during COVID, the world will feel an oil shortage with distribution disruptions.
And Rachel, for the US that supply shortage could impact West Coast states like California in a few weeks.
Yeah, we know so many Americans are feeling the pinch.
Alex, thank you.
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