BIN News This Hour

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Episode Transcript

Speaker 1 (00:02):
BIA News this hour, I'm Doug Davis coming.

Speaker 2 (00:04):
Up and the consumers going, when do I get a break?

Speaker 3 (00:06):
You know?

Speaker 2 (00:07):
And the reality is there's no break coming.

Speaker 1 (00:08):
Americans are less confident about the economy ahead of the holidays,
according to November's confidence Index. But his relief won the way.
We hear from a former corporate big box CEO who
breaks it down why high prices aren't expected to go away.
Plus it's heartbreaking. Food banks are stretched thin as hunger climbs,
even for people with jobs. A black food bank administrator
shares her pain. And if you don't feel like cooking

(00:30):
for Thanksgiving, we'll run down some restaurants that have you covered.
But first, here's bin news now.

Speaker 4 (00:36):
Hey, Judge Thomas to federal cases against former FBI director
James call Me and black New York attorney Generally Titia.
James call Me called the case's malevolent, while James said
she's heartened and called the charges baseless.

Speaker 1 (00:47):
I know that.

Speaker 5 (00:48):
Donald Trump will probably come after me again, and my
attitude is going to be the same. I'm innocent, i
am not afraid, and I believe in an independent federal judiciary.

Speaker 4 (00:58):
Both say Trump's pick for US Attorney was unlawful. The
Los Angeles Police Department is disputing rumors about the death
of fifteen year old Celesti Ribus Hernandez, found in a
tesla linked to black singer David. Police say her body
was not decapitated or frozen, despite TMC reports. The Corners
records are under a security hold at LAPD's request while
the case is investigated. And to eighty four year old

(01:20):
civil rights leader Reverend Jesse Jackson has been released from
the hospital in stable condition. He was admitted for monitoring
after being diagnosed with a neurological disorder. His family denies
reports that he was ever on life support. I'm Amber
Payton with bi in News. Now back to you, Doug.

Speaker 1 (01:34):
All right, thank you, and good afternoon, Happy Tuesday. Black
families typically bear the run of economic slowdowns. In November,
I saw a significant drop in consumer confidence, with the
Conference Sport Index dropping the lowest reading since April. It's
mainly due to Americans worried about job security and business opportunities.
Former Toys or US CEO Gerald Storch weighs in on
the report as we near the big Thanksgiving shoppings free

(01:57):
and how Americans plan to spend money for Christmas.

Speaker 2 (02:00):
If you've worn a bet against the American consumer during
holiday season, you're making a fool's Eerrand I think it's
going to be pretty good.

Speaker 1 (02:06):
It's going to be a pretty good season.

Speaker 3 (02:08):
You know.

Speaker 2 (02:08):
The credit card data we're seeing, which is real time
data shales, shows our growth her ear a four to
six percent. And that's what we've seen in the retail
sales date, even way back to September, which is what
came out today. So I think it's going to be
an okay, okay holiday season.

Speaker 1 (02:20):
That's Storche. Speaking to CNN, he says that while the
rich keep getting richer, the average American will likely scale
back during this time of year.

Speaker 2 (02:26):
They have to spend more of their what they're earning
on necessities.

Speaker 1 (02:29):
See, it's not so much fun.

Speaker 2 (02:30):
We're talking about Christmas present.

Speaker 1 (02:32):
It's just not going to be as much fun. I
did a number of black communities where economic uncertainty remains high,
are already facing these challenges of meeting basic needs. Meanwhile,
more Americans than never are turning to food banks, even
those holding down jobs. According to a recent Feeding America report,
food and security is affecting more than fifty million people
nationwide since twenty twenty, and the need is even greater

(02:53):
now as Thanksgiving approaches. African American Karen Bacio works in
Los Angeles as a development director at Saint Francis Center,
which helps people put food on the table, and shares
with ms NOW about the struggle today in real time.

Speaker 3 (03:07):
Unfortunately, that's our new reality. It started earlier this year
and we saw maybe five families when we weren't turning
anyone away prior to that, and now in these last
few weeks, we're turning away thirty families at a time.
It's heartbreaking. You know, people depend on us, They depend
on us to provide those meals, the nutrition, the groceries.
It's very tough to have to turn people away knowing

(03:28):
there may be nowhere else for them to go.

Speaker 1 (03:30):
Across the country, food banks are overwhelmed. Long lines and
hours long waits for donations have become common as eighty
percent of food banks are stretched to the bare bones
and with funding cuts, resources have dropped to new levels.
And finally, if you're not up for cooking a big
Thanksgiving feast, or simply can't afford spending a large amount
of money for a lavish dinner. You're not alone, and

(03:51):
restaurants are ready to help. This Thanksgiving. Dozens of eateries,
including Applebee's, Cracker Barrel, Denny's, and even waffle House will
be offering hearty meals that you could even pick up
in advance and take home. Burger lovers can also enjoy
a meal from Burger King and Wendy's all open for Thanksgiving.
Stay informed, stay connected, and subscribe. Follow BIA News This
Hour wherever you get your podcasts. I'm Doug Davis for

(04:13):
the Black Information Network. Have a Grey Tuesday, and of course,
stay safe out