Huawei CEO Ren Zhengfei said in an interview with CNBC the company's business is still strong in China.Technologyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
BlackRock's global fixed income chief says the European Central Bank just turned up the pressure on the Federal Reserve to more toward easier policy.Market Insiderread more
Global watchdogs and top U.S. Congress members are calling for oversight of a digital asset being launched by Facebook and roughly two dozen other stakeholders.Marketsread more
Facebook's new cryptocurrency project, titled Libra and backed by the likes of Visa and Booking Holdings, is being widely embraced by market watchers.Trading Nationread more
Mortgage applications were down 3.4% from the previous week, but still up 31.6% from a year earlier, according to the Mortgage Bankers Association.Real Estateread more
Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
Ford announced that the 2020 Mustang Shelby GT500 has 760 horsepower and 625 lb.-ft of torque, which it says makes this the most powerful street-legal Ford. The car is not yet...Autosread more
A hypothetical wave of entrepreneurial illegal immigrants putting "taco trucks on every corner" would have to come up with serious cash and face stiff competition.
On Thursday night on MSNBC, Latinos for Trump co-founder Marco Gutierrez warned of the impending hordes of Mexican food truck operators should Hillary Clinton win the presidency.
"My culture is a very dominant culture," he told a flummoxed Joy Ann Reid, guest host on All In With Chris Hayes. "And it's imposing, and it's causing problems. If you don't do something about it, you're gonna have taco trucks every corner."
But it will take more than a Clinton win for any would-be taco makers to get into the American food truck business.
More from NBC News:
Latinos for Trump founder warned "defend your country" from Hispanics
New poll shows Trump's problems with Latino voters won't get better
Trump recommits to mass deportation in fiery immigration speech
While the barriers to entry in the food truck world are low relative to other food-service businesses, a fully equipped truck can cost more than $100,000. Furthermore, there are permits. A truck permit in New York costs $200, while a vending permit can cost $15,000. In dense areas, truck owners also have to contend with a crisscross of parking rules, parking tickets, and scrabbling with rivals for prime spots.
Thomas Yang, the 29-year-old owner of Domo Taco in New York, said his daily food truck costs are about $400, including wages, food, and parking tickets.
His partner bought their first truck second-hand for $40,000 and Yang later upgraded the operation with an $80,000 loan. Suffice to say, an undocumented immigrant would have difficulty accessing the traditional U.S. credit market.
Further, any newcomer on the block would have to carefully navigate the territory. Yang's company has drivers who simply drive the truck to the prime parking spots at 5 a.m. just to be positioned to serve the bulk of their business during the 11 a.m.-2 p.m. lunch crowd. Other food trucks are vying for the same slot and if too many parking spots get taken up then the community can start complaining, Yang explained.
As for a taco truck on every corner?
"I don't think there are enough permits to make that happen," said Yang.
But should those taco trucks populate faster and farther than Starbucks, many on social media joked that they wouldn't mind one bit. Faster than you could dip a chip, Americans took to Twitter to express exhilaration at the very idea of Taco Tuesday all day every day.
One Californian politician even weighed in, posting a map of his district covered with taco emojis.
Number of tacos eaten in America every year — enough to stretch along the U.S.-Mexican border 246 times.
The year the first taco truck made an appearance in the U.S.
Value of the food truck industry in the U.S.
Approximate number of people employed.
Approximate number of food trucks operating today.
Second-most popular item on food truck menus across the country.
Price range for refurbishing a van into a taco truck.
Average monthly gas bill for truck operators.
Cost of a health permit, required to operate any food truck.
Number of Twitter hashtags launched immediately after Gutierrez's comments: #TacoTrucksOnEveryCorner and #ImWithTacos.