1 00:00:02,279 --> 00:00:05,000 Speaker 1: This is America's Trucking Network with Kevin Gordon. 2 00:00:06,960 --> 00:00:10,959 Speaker 2: Welcome aboard, Thanks for tuning in on this Wednesday morning. Hey, 3 00:00:10,960 --> 00:00:12,400 Speaker 2: we got to start off with a little bit of 4 00:00:12,520 --> 00:00:16,280 Speaker 2: weather alert. I kind of find this interesting. Thirteenth tropical 5 00:00:16,360 --> 00:00:20,560 Speaker 2: storm name storm of the season, Melissa forms over the 6 00:00:20,560 --> 00:00:25,200 Speaker 2: Central Caribbean Sea. Hurricane watch issued for portions of Haiti. Now, 7 00:00:25,200 --> 00:00:27,800 Speaker 2: the tracking of this storm looks like it's going to 8 00:00:27,840 --> 00:00:31,280 Speaker 2: go a little bit across Haiti, but take a northernly 9 00:00:32,760 --> 00:00:37,240 Speaker 2: almost like at this point, like a northwesterly attack, which 10 00:00:37,360 --> 00:00:40,440 Speaker 2: if it goes across Cuba, could possibly hit the tip 11 00:00:40,479 --> 00:00:44,320 Speaker 2: of Florida later on. But so far, and I hate 12 00:00:44,360 --> 00:00:46,640 Speaker 2: saying this because you know, I don't want to tempt 13 00:00:46,640 --> 00:00:51,120 Speaker 2: fade or anything, but the hurricane season begins June first 14 00:00:51,200 --> 00:00:54,680 Speaker 2: and goes until the end of November, and we have 15 00:00:54,880 --> 00:00:58,720 Speaker 2: yet to have a name storm or a hurricane have 16 00:00:58,920 --> 00:01:02,480 Speaker 2: a direct hit on the United States they had predicted. 17 00:01:02,560 --> 00:01:05,200 Speaker 2: And of course, all these people talking about climate change 18 00:01:05,240 --> 00:01:07,880 Speaker 2: and the world's going to hell in a handbasket because 19 00:01:07,920 --> 00:01:10,680 Speaker 2: you know, the Earth is heating up and all this 20 00:01:10,720 --> 00:01:13,240 Speaker 2: sort of stuff, which is a load of crap. We've 21 00:01:13,240 --> 00:01:16,600 Speaker 2: talked about that on this program, but they were predicting 22 00:01:16,720 --> 00:01:19,040 Speaker 2: three or four or five storms that possibly hit the 23 00:01:19,160 --> 00:01:21,800 Speaker 2: United States, and so far none have hit. 24 00:01:22,160 --> 00:01:24,880 Speaker 3: And knock on wood, if I. 25 00:01:24,800 --> 00:01:28,200 Speaker 2: Can do that loud enough or enough to get that 26 00:01:28,520 --> 00:01:30,880 Speaker 2: out there to make sure that I don't jinx this, 27 00:01:31,080 --> 00:01:34,360 Speaker 2: but just keep an eye on this, Melissa. So anyway, 28 00:01:34,400 --> 00:01:38,120 Speaker 2: if that's what's going on there, and hopefully that will 29 00:01:38,480 --> 00:01:41,160 Speaker 2: take the tack of what these other storms have done. 30 00:01:41,200 --> 00:01:43,640 Speaker 2: As they start approaching the United States, they veer off 31 00:01:43,680 --> 00:01:46,520 Speaker 2: and go back to the East, which is where they 32 00:01:46,560 --> 00:01:48,880 Speaker 2: originate from in the first place. I want to talk 33 00:01:48,920 --> 00:01:51,640 Speaker 2: about economic news a little bit, but I also want 34 00:01:51,680 --> 00:01:53,280 Speaker 2: to get into some of the stuff going on in 35 00:01:53,320 --> 00:01:54,240 Speaker 2: the trucking industry. 36 00:01:54,320 --> 00:01:54,760 Speaker 3: Tomorrow. 37 00:01:54,840 --> 00:01:56,960 Speaker 2: I think I'm going to have to. I've been putting 38 00:01:56,960 --> 00:02:00,760 Speaker 2: together a bunch of information on all this ELP, the 39 00:02:00,920 --> 00:02:05,160 Speaker 2: English language preference, the crackdown by the Trump administration on 40 00:02:05,240 --> 00:02:08,440 Speaker 2: these various states, the state's reactions to that, and the 41 00:02:08,520 --> 00:02:11,160 Speaker 2: nut jobs out in California that act as though that 42 00:02:11,200 --> 00:02:14,040 Speaker 2: there's no problem that you can just release people on 43 00:02:14,120 --> 00:02:16,960 Speaker 2: the road that can't read signs, they can't speak English, 44 00:02:16,960 --> 00:02:21,400 Speaker 2: but they can drive eighty thousand pound vehicle down the highway. 45 00:02:21,440 --> 00:02:24,799 Speaker 2: But we'll talk about that tomorrow because there's a lot 46 00:02:24,840 --> 00:02:27,480 Speaker 2: of stuff going on and what I'm seeing, I'm going 47 00:02:27,560 --> 00:02:31,240 Speaker 2: to just say overall, it seems what is coming into 48 00:02:31,320 --> 00:02:34,400 Speaker 2: focus now is that with the tariffs that have been 49 00:02:34,520 --> 00:02:37,560 Speaker 2: issued and then pulled back, and of course if you 50 00:02:37,639 --> 00:02:40,560 Speaker 2: listen to the spoon federc urgitators in the mainstream media, 51 00:02:40,880 --> 00:02:44,760 Speaker 2: it's that what was it the was it taco? At 52 00:02:44,760 --> 00:02:48,160 Speaker 2: the beginning of the year, Trump always chickens out, which 53 00:02:48,240 --> 00:02:51,440 Speaker 2: was a bunch of crap because basically in a negotiating 54 00:02:51,520 --> 00:02:55,200 Speaker 2: situation and with the way Donald Trump reacts and all 55 00:02:55,240 --> 00:02:59,280 Speaker 2: the people around him talk about how he absorbs everything, even. 56 00:02:59,280 --> 00:02:59,960 Speaker 3: The Prime minister. 57 00:03:00,080 --> 00:03:02,640 Speaker 2: There these people that he has bumped heads with. You know, 58 00:03:02,720 --> 00:03:05,760 Speaker 2: remember when the Canadian Prime minister first came down here 59 00:03:05,800 --> 00:03:08,200 Speaker 2: the first time back in April after he was elected. 60 00:03:08,880 --> 00:03:11,280 Speaker 2: Trump was joking around with him about being the fifty 61 00:03:11,320 --> 00:03:13,640 Speaker 2: first state and the guy was a bit insulted by that. 62 00:03:13,960 --> 00:03:16,120 Speaker 2: Of course, the people in Canada aren't happy with that, 63 00:03:16,480 --> 00:03:18,720 Speaker 2: but kind of tongue in cheek on that. Because we've 64 00:03:18,760 --> 00:03:21,239 Speaker 2: got trade negotiations between the two countries. 65 00:03:21,560 --> 00:03:23,120 Speaker 3: We are very close allies. 66 00:03:23,520 --> 00:03:26,880 Speaker 2: The border is you know, a long border, and the 67 00:03:26,960 --> 00:03:30,000 Speaker 2: similar type of people are on both sides of the border, 68 00:03:30,040 --> 00:03:32,720 Speaker 2: and we have certain you know, they want the car 69 00:03:32,720 --> 00:03:35,280 Speaker 2: industry to flourish there, We want the car industry to 70 00:03:35,280 --> 00:03:38,480 Speaker 2: flourish here. They want manufacturing over there, We want our 71 00:03:38,560 --> 00:03:42,280 Speaker 2: manufacturing over here. So it's kind of like competing. I 72 00:03:42,360 --> 00:03:45,440 Speaker 2: made the discussion, or I made the point about here 73 00:03:45,480 --> 00:03:48,760 Speaker 2: in the Greater Cincinnai Northern Kentucky area, there's this constant 74 00:03:48,840 --> 00:03:51,480 Speaker 2: battle with Cincinnati on one side of the river and 75 00:03:51,560 --> 00:03:54,080 Speaker 2: Kentucky on the other side of the river, always trying 76 00:03:54,080 --> 00:03:56,400 Speaker 2: to poach different businesses from each. 77 00:03:56,240 --> 00:03:57,920 Speaker 3: Side of the river over to the other. 78 00:03:58,160 --> 00:04:01,800 Speaker 2: And although it's good for the individual states or individual cities, 79 00:04:02,040 --> 00:04:05,720 Speaker 2: it's not doing the region any good because basically, what 80 00:04:05,760 --> 00:04:09,640 Speaker 2: we're doing is cannibalizing our own businesses to the detriment 81 00:04:09,680 --> 00:04:12,480 Speaker 2: of one side versus the other, rather than encouraging other 82 00:04:12,600 --> 00:04:15,640 Speaker 2: businesses from outside the area to come into this area. 83 00:04:15,800 --> 00:04:18,279 Speaker 2: So there's that, and then it's kind of what we've 84 00:04:18,279 --> 00:04:21,360 Speaker 2: got going on between Canada. But it was a contentious 85 00:04:21,400 --> 00:04:24,000 Speaker 2: meeting that they had in April, and then later on 86 00:04:24,320 --> 00:04:26,479 Speaker 2: what was a week or so ago, came back to 87 00:04:26,520 --> 00:04:28,760 Speaker 2: the White House and they were like the best of friends. 88 00:04:28,760 --> 00:04:31,159 Speaker 2: They were joking about, they were having a great time. 89 00:04:31,360 --> 00:04:33,240 Speaker 2: There was a little chungu in cheek something, you know, 90 00:04:33,440 --> 00:04:36,280 Speaker 2: said they were talking about the trade negotiations. He goes, well, 91 00:04:36,279 --> 00:04:38,279 Speaker 2: you know there's Trump says, you know, there is one 92 00:04:38,279 --> 00:04:41,320 Speaker 2: way that we can solve that real easy, and that 93 00:04:41,360 --> 00:04:42,760 Speaker 2: Prime minister kind of like put. 94 00:04:42,680 --> 00:04:45,479 Speaker 3: Up his head like don't go there type of thing. 95 00:04:45,640 --> 00:04:47,680 Speaker 2: It was cool to see the two of them together 96 00:04:47,839 --> 00:04:50,400 Speaker 2: and the way they were acting, and the fact that 97 00:04:50,800 --> 00:04:53,040 Speaker 2: it was like they have a respect for each other. 98 00:04:53,279 --> 00:04:56,320 Speaker 2: And the Prime minister, Now if Canada kind of understands 99 00:04:56,320 --> 00:04:58,560 Speaker 2: where Trump's coming from and he understands them, and they 100 00:04:58,600 --> 00:05:01,320 Speaker 2: talked about this and so on. Again, we're starting to 101 00:05:01,360 --> 00:05:05,120 Speaker 2: see clarifications as far as these terriffs you talk about 102 00:05:05,160 --> 00:05:08,280 Speaker 2: on independence there or whatever they called it back on 103 00:05:08,440 --> 00:05:11,800 Speaker 2: April the second, when the terraffs were put into place, 104 00:05:12,160 --> 00:05:15,080 Speaker 2: that it was a negotiating tool. I mean, he had 105 00:05:15,080 --> 00:05:19,360 Speaker 2: the different documents there and talked about how, okay, this 106 00:05:19,400 --> 00:05:22,680 Speaker 2: particular country has these tariffs on our goods coming into 107 00:05:22,680 --> 00:05:25,720 Speaker 2: their country versus the terraffs that we have, and what 108 00:05:25,760 --> 00:05:28,760 Speaker 2: we're going to do is do reciprocal terraffts until they 109 00:05:29,080 --> 00:05:32,320 Speaker 2: know we negotiate new terms and they bring their terrafts 110 00:05:32,360 --> 00:05:35,599 Speaker 2: down and we get more on a fair playing field, 111 00:05:35,680 --> 00:05:39,559 Speaker 2: on a fair trade field as opposed to a free 112 00:05:39,600 --> 00:05:42,920 Speaker 2: trade situation. And most of these deals have been worked out, 113 00:05:43,240 --> 00:05:46,120 Speaker 2: and it's starting to become clear as to where these 114 00:05:46,160 --> 00:05:48,719 Speaker 2: tariffs are going to hit and where it's if it's 115 00:05:48,760 --> 00:05:52,359 Speaker 2: going to hurt a particular business or a particular industry. 116 00:05:52,720 --> 00:05:55,679 Speaker 2: Trump has been very good at looking at that and saying, well, okay, 117 00:05:55,720 --> 00:05:58,200 Speaker 2: we'll do an exemption here, we'll do an exemption for this, 118 00:05:58,240 --> 00:06:00,640 Speaker 2: and we'll do an exemption for that. We're seeing that 119 00:06:00,680 --> 00:06:02,880 Speaker 2: in the car industry. We're seeing that some of the 120 00:06:02,880 --> 00:06:07,440 Speaker 2: heavy trucks that we've been talking about the import of trucks, 121 00:06:07,680 --> 00:06:10,839 Speaker 2: because we do have trucks manufactured in the United States, 122 00:06:10,920 --> 00:06:14,520 Speaker 2: but we do import Volvo and Mercedes Benz type vehicles 123 00:06:14,560 --> 00:06:17,800 Speaker 2: into the United States, and so there's this trade off 124 00:06:17,880 --> 00:06:21,520 Speaker 2: between the domestic trucks and then the foreign trucks, and 125 00:06:21,560 --> 00:06:24,719 Speaker 2: if there's tariffs on those trucks coming in, that might 126 00:06:24,839 --> 00:06:27,960 Speaker 2: hurt the trucking industry itself. So he said, well, in 127 00:06:28,000 --> 00:06:32,159 Speaker 2: certain instances, we can push that back to November first, 128 00:06:32,520 --> 00:06:34,599 Speaker 2: so that we can get a better deal and maybe 129 00:06:34,680 --> 00:06:38,320 Speaker 2: get more of a negotiation with those countries where those 130 00:06:38,320 --> 00:06:41,599 Speaker 2: trucks are coming from. So again, it's been one of 131 00:06:41,600 --> 00:06:45,000 Speaker 2: these flexible situations to get us to a fair trade 132 00:06:45,040 --> 00:06:48,240 Speaker 2: situation as opposed to a free trade situation. Liberation Day 133 00:06:48,360 --> 00:06:51,440 Speaker 2: was a word I'm looking for as far as April 134 00:06:51,440 --> 00:06:55,920 Speaker 2: to second, not Freedom Day, Liberation Day. As far as 135 00:06:56,040 --> 00:06:59,440 Speaker 2: our trading partners and as far as the terriffs are concerned, 136 00:07:00,000 --> 00:07:03,000 Speaker 2: this is all starting to come in a place. Different 137 00:07:03,000 --> 00:07:04,760 Speaker 2: companies out there, and we may not be able to 138 00:07:04,760 --> 00:07:06,960 Speaker 2: get them all today, but we'll get to those over 139 00:07:07,000 --> 00:07:09,760 Speaker 2: the next couple of days. Some of these companies that 140 00:07:09,840 --> 00:07:12,640 Speaker 2: were kind of holding back on some of their predictions 141 00:07:12,640 --> 00:07:14,440 Speaker 2: of where they were going to be by the end 142 00:07:14,440 --> 00:07:17,280 Speaker 2: of the year, And of course the experts or the 143 00:07:17,280 --> 00:07:20,360 Speaker 2: people writing the stories about it would say, well, you know, 144 00:07:20,400 --> 00:07:24,000 Speaker 2: because the uncertainty of the American economy and the uncertainty 145 00:07:24,040 --> 00:07:27,640 Speaker 2: of tariffs and the possibility of inflation and the possibility 146 00:07:27,640 --> 00:07:30,960 Speaker 2: of recession and all this nonsense. Basically, and again, as 147 00:07:30,960 --> 00:07:34,440 Speaker 2: I've said before, trying to talk down the economy, trying 148 00:07:34,440 --> 00:07:40,000 Speaker 2: to manufacture a recession as opposed to encouraging people to 149 00:07:40,040 --> 00:07:44,400 Speaker 2: stay the course. I mean, you remember back when Russia 150 00:07:44,480 --> 00:07:47,280 Speaker 2: invaded Ukraine and all of a sudden, we've already had 151 00:07:47,360 --> 00:07:50,760 Speaker 2: gas prices from the first year of the Biden administration, 152 00:07:51,080 --> 00:07:54,280 Speaker 2: gas price has already gone up a full dollar. Then 153 00:07:54,320 --> 00:07:58,760 Speaker 2: they went up another dollar right after the Russia invaded 154 00:07:58,880 --> 00:08:03,040 Speaker 2: Ukraine and was approaching by the June of twenty twenty two. 155 00:08:03,400 --> 00:08:06,640 Speaker 2: After the Russians had invaded. In February of twenty two, 156 00:08:07,000 --> 00:08:11,160 Speaker 2: gas prices nationwide hit an average across the board of 157 00:08:11,320 --> 00:08:14,240 Speaker 2: five dollars per gallon, and back then they were talking 158 00:08:14,280 --> 00:08:18,600 Speaker 2: about still talking about transitory inflation. They interviewed one of 159 00:08:18,600 --> 00:08:24,440 Speaker 2: the spokes spokespeople for the administration and said, you know, 160 00:08:24,920 --> 00:08:27,240 Speaker 2: given the fact that gas prices are four dollars and 161 00:08:27,280 --> 00:08:30,080 Speaker 2: fifty cents and five dollars a gallon in certain places, 162 00:08:30,440 --> 00:08:32,679 Speaker 2: how long do you expect the American people to do 163 00:08:32,720 --> 00:08:36,240 Speaker 2: this in order to support Ukraine? And their attack was 164 00:08:36,440 --> 00:08:39,679 Speaker 2: as long as it takes. And the spoon fedric urgittators 165 00:08:39,679 --> 00:08:42,199 Speaker 2: in the mainstream media at that point and said, well, okay. 166 00:08:41,920 --> 00:08:42,560 Speaker 3: Well that was there. 167 00:08:42,720 --> 00:08:44,520 Speaker 2: You know, we're not going to talk about that. They 168 00:08:44,520 --> 00:08:46,920 Speaker 2: answered the question. We'll move on from there. I have 169 00:08:47,080 --> 00:08:49,800 Speaker 2: never seen so much focus on inflation as I have 170 00:08:49,920 --> 00:08:52,679 Speaker 2: in the last six months, eight months, nine months of 171 00:08:52,720 --> 00:08:57,079 Speaker 2: the Trump administration, Whereas our inflation rate is lower than 172 00:08:57,080 --> 00:09:00,200 Speaker 2: what it was during the Biden administration, and we're right 173 00:09:00,240 --> 00:09:02,600 Speaker 2: added point right now where some of the things are 174 00:09:02,640 --> 00:09:06,040 Speaker 2: ticking up just slight bit, but other things are coming down. 175 00:09:06,200 --> 00:09:09,360 Speaker 2: And yet you would think inflation is out of control. 176 00:09:09,559 --> 00:09:12,679 Speaker 2: You'd almost think that inflation is nine point one percent 177 00:09:12,760 --> 00:09:15,880 Speaker 2: like it was in twenty twenty two, when hardly anybody 178 00:09:15,880 --> 00:09:17,880 Speaker 2: at that point in time talked about it. So we'll 179 00:09:17,880 --> 00:09:20,480 Speaker 2: get into that some of the information, as far as 180 00:09:20,480 --> 00:09:22,880 Speaker 2: some of the policy numbers, and as well as we're 181 00:09:22,920 --> 00:09:25,319 Speaker 2: starting to see a focus on some of these companies 182 00:09:25,360 --> 00:09:28,720 Speaker 2: actually upping their guidance in terms of we think we're 183 00:09:28,760 --> 00:09:30,560 Speaker 2: going to have a pretty good year, where we were 184 00:09:31,160 --> 00:09:35,240 Speaker 2: before saying not so good. We'll pick this up on 185 00:09:35,280 --> 00:09:38,160 Speaker 2: the other side. I'm Kevin Gordon, America's Trucking Network seven 186 00:09:38,280 --> 00:09:41,319 Speaker 2: hundred WLW DO. 187 00:09:41,520 --> 00:09:42,160 Speaker 4: This is the. 188 00:09:42,200 --> 00:09:47,280 Speaker 1: Briefing rewoard on America's Trucking Network on seven hundred WLW. 189 00:09:47,280 --> 00:09:49,840 Speaker 5: The Indianapolis Voter Speedway, held Day one of a two 190 00:09:49,880 --> 00:09:52,080 Speaker 5: day test a two and a half mile oval to 191 00:09:52,160 --> 00:09:56,360 Speaker 5: evaluate super speedway tire compounds and give the track feedback 192 00:09:56,400 --> 00:10:00,720 Speaker 5: on its recent repaving on Turn two. Pado Award, alex Poalow, 193 00:10:00,960 --> 00:10:04,320 Speaker 5: Alexander Rossi and Takuma Sato are taking part in the 194 00:10:04,400 --> 00:10:08,880 Speaker 5: IndyCar test. Cadillac confirms that F one test driver Colton 195 00:10:08,960 --> 00:10:12,120 Speaker 5: Hurda will make his Formula two debut next season with 196 00:10:12,200 --> 00:10:16,120 Speaker 5: High Tech following his switch from IndyCar. Holden can only 197 00:10:16,200 --> 00:10:19,040 Speaker 5: hold a test role on this stage due to his 198 00:10:19,120 --> 00:10:23,880 Speaker 5: lack of an FIA super license. NHR news Elite Motorsports 199 00:10:23,920 --> 00:10:27,280 Speaker 5: announced that RNL Carriers, based in Wilmington, Ohio, a global 200 00:10:27,280 --> 00:10:31,440 Speaker 5: transportation provider, has signed a multi year deal to become 201 00:10:31,440 --> 00:10:34,840 Speaker 5: the primary sponsor of the Elite Motorsports Top Fuel dragster 202 00:10:35,080 --> 00:10:38,640 Speaker 5: that will be driven by Motorsports legend Tony Stewart beginning 203 00:10:38,640 --> 00:10:42,600 Speaker 5: in the twenty twenty six Mission Foods NHR Drag Racing season. 204 00:10:43,880 --> 00:10:47,240 Speaker 1: This is the racing report on America's drugging network on 205 00:10:47,440 --> 00:10:50,760 Speaker 1: seven hundred WLW Say Dennison. 206 00:10:50,440 --> 00:10:55,920 Speaker 4: A t N Finally, Brandon, the Tri State Aqua proof 207 00:10:55,960 --> 00:10:58,680 Speaker 4: is here for all of your basement waterproofing, the yard drainage. 208 00:10:58,800 --> 00:11:00,120 Speaker 3: Listen, I talked. 209 00:11:00,080 --> 00:11:03,920 Speaker 2: About economic news, and it's important because out there, as 210 00:11:03,920 --> 00:11:07,800 Speaker 2: you're driving around out there, as you're seeing things develop, 211 00:11:08,240 --> 00:11:10,680 Speaker 2: you are hearing things and seeing things. As a matter 212 00:11:10,720 --> 00:11:14,920 Speaker 2: of fact, I'm hearing news reports where I'm thinking, where 213 00:11:14,920 --> 00:11:17,600 Speaker 2: in the hell are they picking up that news bit 214 00:11:18,000 --> 00:11:19,959 Speaker 2: and what are they focusing on there? 215 00:11:20,000 --> 00:11:21,200 Speaker 3: As opposed to this. 216 00:11:21,600 --> 00:11:24,199 Speaker 2: You know, you take a set of of stories and 217 00:11:24,720 --> 00:11:30,120 Speaker 2: you've got ab cd ef that is positive stuff, and 218 00:11:30,160 --> 00:11:33,000 Speaker 2: then somewhere along the line, they'll pull an I out, 219 00:11:33,160 --> 00:11:35,800 Speaker 2: you know, in HI, and then pull that in there 220 00:11:36,000 --> 00:11:38,760 Speaker 2: to make things not seem as good as they actually are. 221 00:11:39,160 --> 00:11:40,880 Speaker 2: And it seems that those are the kinds of things 222 00:11:40,960 --> 00:11:43,160 Speaker 2: that they tend to focus on. What I try to 223 00:11:43,200 --> 00:11:45,360 Speaker 2: do here is cut through all that noise, cut through 224 00:11:45,360 --> 00:11:47,720 Speaker 2: all that crap, and get right to the heart of 225 00:11:47,720 --> 00:11:50,560 Speaker 2: the matter. And in fact, a lot of people have 226 00:11:50,600 --> 00:11:53,120 Speaker 2: been talking about the Federal Reserve and what they're planning 227 00:11:53,120 --> 00:11:55,880 Speaker 2: on doing on October the on their meeting in October 228 00:11:55,920 --> 00:11:58,240 Speaker 2: the twenty eighth and twenty ninth of this month, as 229 00:11:58,320 --> 00:12:00,800 Speaker 2: to whether or not they're going to lower interest rates 230 00:12:00,880 --> 00:12:02,440 Speaker 2: or what they're going to do they're going to hold 231 00:12:02,480 --> 00:12:05,240 Speaker 2: rate steady, just exactly what they're going to do. A 232 00:12:05,280 --> 00:12:07,240 Speaker 2: lot of people are predicting that they're going to have 233 00:12:07,280 --> 00:12:09,160 Speaker 2: two more rate cuts by the end of the year. 234 00:12:09,440 --> 00:12:11,080 Speaker 2: If they're going to do that, they better get on 235 00:12:11,120 --> 00:12:15,079 Speaker 2: it because we're running out of months. But again, people 236 00:12:15,120 --> 00:12:17,000 Speaker 2: are focusing on, well, you know, if you look at 237 00:12:17,000 --> 00:12:20,959 Speaker 2: what the Federal Reserve minutes said back then when they met, 238 00:12:21,480 --> 00:12:25,560 Speaker 2: those were released the September meeting, were released the first 239 00:12:25,600 --> 00:12:28,200 Speaker 2: part of October, and I was pulling out some of 240 00:12:28,200 --> 00:12:31,720 Speaker 2: that stuff, and I'm seeing people referencing that, and I 241 00:12:31,800 --> 00:12:33,800 Speaker 2: just want to address a couple of things in there. 242 00:12:34,760 --> 00:12:39,040 Speaker 2: Despite what we're hearing. The Federal Reserve, the Federal Reserve, 243 00:12:39,880 --> 00:12:42,040 Speaker 2: and this was the story back on October. The eighth 244 00:12:42,200 --> 00:12:45,360 Speaker 2: Federal Reserve on Wednesday, and that was back then released 245 00:12:45,360 --> 00:12:48,679 Speaker 2: the minutes from their central Bank's monetary policy meeting last week, 246 00:12:48,920 --> 00:12:52,920 Speaker 2: which some showed that while policymakers anticipated for their interest 247 00:12:53,000 --> 00:12:56,200 Speaker 2: rate cuts, they remained committed to bringing inflation back to 248 00:12:56,240 --> 00:12:58,880 Speaker 2: its two percent target, which is exactly what they've been 249 00:12:58,920 --> 00:13:02,960 Speaker 2: talking about all along, except in September of twenty twenty four, 250 00:13:03,000 --> 00:13:06,120 Speaker 2: when they wanted Kamala Harris to become president. They lowered 251 00:13:06,120 --> 00:13:09,679 Speaker 2: interest rates by half a percentage point to push her 252 00:13:09,720 --> 00:13:12,720 Speaker 2: across the line, to try to make things seem as 253 00:13:12,760 --> 00:13:15,439 Speaker 2: far as the Biden administration going on better, even though 254 00:13:15,520 --> 00:13:18,480 Speaker 2: interest rates or I'm sorry, the inflation rate was still 255 00:13:18,559 --> 00:13:21,720 Speaker 2: nowhere near two percent, and they blamed it and they said, well, 256 00:13:21,720 --> 00:13:24,360 Speaker 2: we're concerned about the jobs market right now and we 257 00:13:24,440 --> 00:13:26,160 Speaker 2: need to prop that up a little bit, even though 258 00:13:26,200 --> 00:13:28,480 Speaker 2: there was no signs that the job market was softening. 259 00:13:28,520 --> 00:13:31,520 Speaker 2: But again that's the excuse they used, Lion Jerry Powell 260 00:13:31,520 --> 00:13:35,199 Speaker 2: and the boys. The most recent regarding the Crewman's consumer 261 00:13:35,240 --> 00:13:37,880 Speaker 2: price index was two point nine percent a year over 262 00:13:38,040 --> 00:13:40,800 Speaker 2: year for the month of August, all the feds preferred 263 00:13:40,880 --> 00:13:44,400 Speaker 2: inflation gage. The personal consumption expenditure was up to two 264 00:13:44,400 --> 00:13:48,520 Speaker 2: point seven percent year over year. Now, the personal consumption expenditures, 265 00:13:48,520 --> 00:13:51,920 Speaker 2: you know, you have this consumer price indcks. Well, by 266 00:13:51,960 --> 00:13:54,960 Speaker 2: the way, that was supposed to be released last week 267 00:13:55,000 --> 00:13:57,600 Speaker 2: because of the government shut down to bringing the people 268 00:13:57,640 --> 00:14:00,800 Speaker 2: back in on furloughing those people, and they're going to 269 00:14:00,800 --> 00:14:03,959 Speaker 2: be releasing that data I think either Thursday or Friday 270 00:14:04,000 --> 00:14:07,360 Speaker 2: of this week. But we're going to have those numbers then, 271 00:14:07,679 --> 00:14:11,920 Speaker 2: But what we have the CPI, the consumer price index, 272 00:14:11,960 --> 00:14:15,880 Speaker 2: which is the entire basket of items that are out there, 273 00:14:15,920 --> 00:14:19,200 Speaker 2: all the way from avocados to zinc and everything in between, 274 00:14:19,280 --> 00:14:22,720 Speaker 2: all the services, everything that has sold, everything that has purchased, 275 00:14:23,280 --> 00:14:26,400 Speaker 2: everything that is available for sale, where those prices are 276 00:14:26,440 --> 00:14:29,280 Speaker 2: even in the services business, where you know, the services 277 00:14:29,480 --> 00:14:32,440 Speaker 2: prices are up here, service prices are down over here. 278 00:14:32,680 --> 00:14:35,400 Speaker 2: So everything across the board, everything that goes into the 279 00:14:35,400 --> 00:14:39,800 Speaker 2: economy is in that number. The personal consumption expenditures is 280 00:14:39,840 --> 00:14:42,000 Speaker 2: more in line with what do people do on a 281 00:14:42,080 --> 00:14:45,160 Speaker 2: daily basis, what are their normal purchases. Well, your normal 282 00:14:45,160 --> 00:14:48,720 Speaker 2: purchases are you fill up your car gas, you have 283 00:14:48,880 --> 00:14:51,400 Speaker 2: certain repairs done in your car, You buy a certain 284 00:14:51,400 --> 00:14:54,920 Speaker 2: amount of clothes, you eat, you know, you buy groceries 285 00:14:55,000 --> 00:14:57,560 Speaker 2: and those sorts of things. So it's the stuff that 286 00:14:57,640 --> 00:15:00,400 Speaker 2: you do on almost a daily basis in terms of 287 00:15:00,480 --> 00:15:03,120 Speaker 2: what you spend your money on. Now, the high ticket 288 00:15:03,120 --> 00:15:07,000 Speaker 2: items like you know, buying furniture or refrigerators, washer and dryer, 289 00:15:07,120 --> 00:15:09,560 Speaker 2: or a new car or something like that, those are 290 00:15:09,600 --> 00:15:11,560 Speaker 2: some of the things that you do periodic. I mean 291 00:15:11,600 --> 00:15:13,720 Speaker 2: you do that like once every three years, four years 292 00:15:14,040 --> 00:15:16,800 Speaker 2: or thereabouts. It might well, we won't get into me, 293 00:15:16,960 --> 00:15:19,640 Speaker 2: because I don't buy I've had the same car for 294 00:15:19,680 --> 00:15:22,520 Speaker 2: twenty some years now. It's still running and it's still 295 00:15:22,560 --> 00:15:25,440 Speaker 2: doing the job. But anyway, it's a story for another day. 296 00:15:26,040 --> 00:15:31,360 Speaker 2: But the consumer or the producer or the personal consumption 297 00:15:31,480 --> 00:15:34,080 Speaker 2: expenditures is more in line with what we do on 298 00:15:34,120 --> 00:15:37,680 Speaker 2: a daily basis and at a better gauge as far 299 00:15:37,720 --> 00:15:41,200 Speaker 2: as what inflation is doing and how it's affecting the 300 00:15:41,240 --> 00:15:45,640 Speaker 2: actual individuals as opposed to the entire economy itself. So 301 00:15:45,960 --> 00:15:48,600 Speaker 2: when they talk about the personal consumption expenditure at two 302 00:15:48,680 --> 00:15:53,360 Speaker 2: point seven percent versus the overall consumer price index at 303 00:15:53,400 --> 00:15:55,600 Speaker 2: two point nine, we're a little bit closer to that 304 00:15:55,640 --> 00:16:00,880 Speaker 2: two percentage point range. Metrics have been noticeably lower earlier 305 00:16:00,920 --> 00:16:02,920 Speaker 2: in the year when the consumer Price Index was a 306 00:16:02,960 --> 00:16:06,160 Speaker 2: two point three and PCE is with point two point 307 00:16:06,240 --> 00:16:10,160 Speaker 2: two in April. But again that's when things started kicking in. 308 00:16:10,200 --> 00:16:12,560 Speaker 2: And I keep talking about the fact that some of 309 00:16:12,560 --> 00:16:15,440 Speaker 2: these contracts that we saw as far as UAW, the 310 00:16:15,520 --> 00:16:19,080 Speaker 2: railroad workers, ups, dock workers and so on, all of 311 00:16:19,080 --> 00:16:21,240 Speaker 2: those have kicked in. And if you go back and 312 00:16:21,280 --> 00:16:23,920 Speaker 2: we've talked about that on this program that a lot 313 00:16:24,000 --> 00:16:27,680 Speaker 2: of those contracts were like a fifty to sixty percent 314 00:16:28,000 --> 00:16:32,760 Speaker 2: increase from their previous contract over the next six years, 315 00:16:33,040 --> 00:16:37,640 Speaker 2: which means that all of their wages, plus the fact 316 00:16:37,640 --> 00:16:42,120 Speaker 2: that they've got kind of a kick in like retroactively 317 00:16:42,280 --> 00:16:45,240 Speaker 2: and a lump sum payment just to sign the contract 318 00:16:45,560 --> 00:16:48,440 Speaker 2: that was done in that particular month, and then a 319 00:16:48,560 --> 00:16:52,000 Speaker 2: ten percent increase in their wages every year for the 320 00:16:52,040 --> 00:16:55,080 Speaker 2: next six years. So when you've got a ten percent 321 00:16:55,240 --> 00:17:00,480 Speaker 2: increase in wages with dock workers, auto workers, ups drivers, 322 00:17:01,080 --> 00:17:03,800 Speaker 2: railroad workers and stuff, that's going to have an effect 323 00:17:03,800 --> 00:17:08,200 Speaker 2: on the economy. And eventually that's going to increase prices. 324 00:17:08,359 --> 00:17:11,040 Speaker 2: And it's not because of tariffs, it's not because of 325 00:17:11,320 --> 00:17:13,800 Speaker 2: some of the other factors they're talking about. It's the 326 00:17:13,920 --> 00:17:18,440 Speaker 2: actual wages themselves going up. And again i'm not criticizing 327 00:17:18,480 --> 00:17:21,560 Speaker 2: the fact that some people that had their contracts expire 328 00:17:21,640 --> 00:17:25,920 Speaker 2: the month of the year during the period of time 329 00:17:26,000 --> 00:17:29,040 Speaker 2: when we were involved with the plandemic, and they had 330 00:17:29,040 --> 00:17:32,240 Speaker 2: to postpone those negotiations until twenty twenty two to twenty 331 00:17:32,280 --> 00:17:36,159 Speaker 2: twenty three when things got back away from the supply 332 00:17:36,280 --> 00:17:38,520 Speaker 2: chain issues and that, and they actually got to the 333 00:17:38,520 --> 00:17:41,440 Speaker 2: negotiating table, and you figure out a period of time 334 00:17:41,520 --> 00:17:44,760 Speaker 2: between twenty nineteen roughly and maybe twenty twenty two to 335 00:17:44,840 --> 00:17:47,720 Speaker 2: twenty twenty three where they had been going under the 336 00:17:47,920 --> 00:17:51,040 Speaker 2: old contract that had not been renewed. I can see 337 00:17:51,040 --> 00:17:53,840 Speaker 2: people saying, well, far wages haven't gone up in four 338 00:17:53,920 --> 00:17:57,200 Speaker 2: or five years, were behind because of the inflation caused 339 00:17:57,240 --> 00:18:00,040 Speaker 2: by the pandemic and thereafter and then getting into the 340 00:18:00,080 --> 00:18:03,400 Speaker 2: Biden administration, went in twenty twenty two, you had inflation 341 00:18:03,520 --> 00:18:05,919 Speaker 2: in the month of June go up nine percent. If 342 00:18:05,960 --> 00:18:08,200 Speaker 2: you're still doing the same wages that you were doing 343 00:18:08,240 --> 00:18:12,119 Speaker 2: prior to the pandemic, you're really hurting. So again, people 344 00:18:12,200 --> 00:18:15,560 Speaker 2: keeping up with inflation, keeping up as far as wages 345 00:18:15,560 --> 00:18:17,760 Speaker 2: are concerned. I don't have a problem with that, But 346 00:18:17,840 --> 00:18:20,359 Speaker 2: don't sugarcoat it and say, well, you know, our prices 347 00:18:20,400 --> 00:18:24,000 Speaker 2: are going up, but it's other factors other than salaries 348 00:18:24,000 --> 00:18:26,000 Speaker 2: and wages. Be honest about it and say this is 349 00:18:26,000 --> 00:18:30,119 Speaker 2: what's causing the inflation to a certain extent. But again 350 00:18:30,400 --> 00:18:33,000 Speaker 2: they talk about in here that they wanted to be 351 00:18:33,400 --> 00:18:39,240 Speaker 2: concerned about was inflation. FOMC, the Federal Reserve Open Market 352 00:18:39,240 --> 00:18:43,520 Speaker 2: Committee noted that participants generally thought that this year's tariff 353 00:18:43,760 --> 00:18:47,879 Speaker 2: increase had put upward pressure on inflation. Some remarked that 354 00:18:47,920 --> 00:18:51,160 Speaker 2: these effects appeared to have been somewhat muted to date 355 00:18:51,560 --> 00:18:55,840 Speaker 2: relative to expectations from earlier in the year. So again, 356 00:18:56,280 --> 00:18:59,360 Speaker 2: here it is a situation where they were expecting inflation 357 00:18:59,480 --> 00:19:02,360 Speaker 2: to go up tremendously as a result of the tariffs, 358 00:19:02,680 --> 00:19:06,560 Speaker 2: and it's almost like these so called experts, which are 359 00:19:06,600 --> 00:19:09,199 Speaker 2: supposed to have their finger on the pulse of the 360 00:19:09,240 --> 00:19:13,320 Speaker 2: economy are shot when it didn't happen, and they're like 361 00:19:13,440 --> 00:19:16,359 Speaker 2: scratching their heads. Well, we said this was going to happen, 362 00:19:16,440 --> 00:19:19,000 Speaker 2: and it hasn't happened yet. We'll talk about this coming up. 363 00:19:19,000 --> 00:19:23,960 Speaker 2: I'm Kevin Gordon, America's truck a Network seven hundred WLW. 364 00:19:23,720 --> 00:19:31,080 Speaker 4: News Traffic and Weather. News Radio seven hundred WLW, Cincinnati. 365 00:19:31,880 --> 00:19:34,640 Speaker 6: A man pardon for his role in the January sixth 366 00:19:34,720 --> 00:19:38,840 Speaker 6: attack on the Capitol. He's under arrest again, accused of 367 00:19:38,880 --> 00:19:42,960 Speaker 6: threatening to kill House Minority leader Hakeem Jeffries. With your 368 00:19:43,000 --> 00:19:47,320 Speaker 6: twelve thirty report, I'm Travis Laird breaking now. Federal agents 369 00:19:47,440 --> 00:19:52,200 Speaker 6: say Christopher moynihan sent text messages promising to eliminate Jeffries 370 00:19:52,280 --> 00:19:55,360 Speaker 6: during an upcoming speech in New York. He was arrested 371 00:19:55,400 --> 00:19:58,720 Speaker 6: Monday night on terroristic threat charges, and he's being held 372 00:19:58,760 --> 00:20:01,880 Speaker 6: without bail. House Speaker Mike Johnson called the threat shameful 373 00:20:02,000 --> 00:20:05,119 Speaker 6: and said anyone who targets elected officials should face the 374 00:20:05,160 --> 00:20:08,359 Speaker 6: full weight of the Justice Department. Jeffries, for his part, 375 00:20:08,400 --> 00:20:12,720 Speaker 6: thanked police and said pardoning rioters has put communities at risk. 376 00:20:13,800 --> 00:20:16,959 Speaker 4: Now the latest forecast from the Train Heating and Cooling 377 00:20:17,000 --> 00:20:20,600 Speaker 4: Weather Center on News Radio seven hundred WLW. 378 00:20:21,480 --> 00:20:24,920 Speaker 7: As we head to Wednesday morning, We've got clear skies 379 00:20:25,400 --> 00:20:28,560 Speaker 7: morning low forty four. Now, our Wednesday is going to 380 00:20:28,640 --> 00:20:32,160 Speaker 7: be mostly sunny, chilli but windy. We'll see a high 381 00:20:32,200 --> 00:20:36,040 Speaker 7: of fifty six at night, gets colder, but it stays clear, 382 00:20:36,280 --> 00:20:40,439 Speaker 7: low thirty nine. That's the forecast. I'm nine first Warning, 383 00:20:40,760 --> 00:20:43,040 Speaker 7: Chief Meteorologist Steve Rawley. 384 00:20:43,240 --> 00:20:47,840 Speaker 6: Right now, fifty two degrees in Cincinnati, Ohio. Republicans still 385 00:20:47,920 --> 00:20:51,560 Speaker 6: haven't released a new congressional app and the deadline is just. 386 00:20:51,520 --> 00:20:52,159 Speaker 3: A week away. 387 00:20:52,480 --> 00:20:55,959 Speaker 6: The state Redistricting Commission met in Columbus on Monday, but 388 00:20:56,000 --> 00:21:00,840 Speaker 6: adjourned without presenting a plan, prompting jeers from citizens asking where. 389 00:21:00,720 --> 00:21:01,520 Speaker 3: Is the map. 390 00:21:02,000 --> 00:21:06,000 Speaker 6: Democrats say their proposal would create eight Republican leaning and 391 00:21:06,160 --> 00:21:11,320 Speaker 6: seven Democratic districts, reflecting Ohio's vote split. Republicans currently ConTroll 392 00:21:11,400 --> 00:21:14,480 Speaker 6: ten of fifteen seats now and want to keep at 393 00:21:14,600 --> 00:21:18,639 Speaker 6: least twelve. State Senate Minority leader Nicky Antonio says the 394 00:21:18,680 --> 00:21:21,840 Speaker 6: GOP is stalling until November, when they can pass a 395 00:21:21,880 --> 00:21:25,520 Speaker 6: map without Democratic support, and she's already talking about a 396 00:21:25,520 --> 00:21:29,639 Speaker 6: referendum if that happens. Covington City leaders are considering a 397 00:21:29,680 --> 00:21:32,960 Speaker 6: plan to let people carry open alcohol containers in parts 398 00:21:33,000 --> 00:21:37,080 Speaker 6: of downtown. The proposal would create a common consumption area 399 00:21:37,119 --> 00:21:41,120 Speaker 6: from Eighth Street to River Center along Madison Avenue, allowing 400 00:21:41,200 --> 00:21:44,720 Speaker 6: drinks in marked cups while shopping or walking. Mayor Ron 401 00:21:44,840 --> 00:21:48,199 Speaker 6: Washington says other communities have done this without problems. The 402 00:21:48,280 --> 00:21:50,720 Speaker 6: hours under review would be five to ten pm on 403 00:21:50,800 --> 00:21:55,200 Speaker 6: Thursdays and five to five to midnight on Friday and Saturday. 404 00:21:55,640 --> 00:21:58,240 Speaker 6: Your next update is with Lee Mawin at one o'clock 405 00:21:58,320 --> 00:22:02,679 Speaker 6: breaking news anytime. I'm Travis Laird News Radio seven hundred 406 00:22:03,440 --> 00:22:06,040 Speaker 6: l w you ever wonder how far. 407 00:22:05,880 --> 00:22:07,720 Speaker 3: An EV can take you on one shard. 408 00:22:13,119 --> 00:22:15,480 Speaker 8: Here's your trucking forecast for the tri State and the 409 00:22:15,480 --> 00:22:17,479 Speaker 8: rest of the country and the Try State. Over Night, 410 00:22:17,520 --> 00:22:20,840 Speaker 8: partly cloudy, the low down to forty three, partly sunny. Wednesday, 411 00:22:20,880 --> 00:22:24,320 Speaker 8: temperatures in the upper fifties. Both Thursday and Friday sunny, 412 00:22:24,320 --> 00:22:28,800 Speaker 8: with highs around sixty Nationally. Continuing into Wednesday, chiley conditions 413 00:22:28,800 --> 00:22:31,119 Speaker 8: and showers will be seen across the Great Lakes region, 414 00:22:31,359 --> 00:22:35,240 Speaker 8: with lake effects storm bands possible near Lake Erie. Meanwhile, 415 00:22:35,320 --> 00:22:39,000 Speaker 8: near record warmth this time of year seen across southern Texas. Tuesday, 416 00:22:40,840 --> 00:22:44,440 Speaker 8: seven hundred w l W. I'm Kevin Gordon is America's 417 00:22:44,440 --> 00:22:45,159 Speaker 8: Trucking Network. 418 00:22:45,280 --> 00:22:47,240 Speaker 2: Miss any of our segments earning of our other shows, 419 00:22:47,280 --> 00:22:49,560 Speaker 2: hit up that iHeartRadio app of course, brought to you 420 00:22:49,560 --> 00:22:51,879 Speaker 2: by our friends at Rush Truck Centers talking about the 421 00:22:51,920 --> 00:22:54,200 Speaker 2: FED minutes again. And the more and more I dig 422 00:22:54,280 --> 00:22:56,760 Speaker 2: into this, and the more I read into this, it 423 00:22:56,800 --> 00:23:00,199 Speaker 2: was like, do these people even have a clue? What 424 00:23:00,359 --> 00:23:02,920 Speaker 2: was the I can't I can never remember. I wish, 425 00:23:03,119 --> 00:23:05,520 Speaker 2: I wish I had the paper with me. But what 426 00:23:05,640 --> 00:23:08,879 Speaker 2: they talk about as far as economists, the definition of 427 00:23:08,880 --> 00:23:14,560 Speaker 2: an economist is somebody that will tell you why something 428 00:23:14,640 --> 00:23:17,880 Speaker 2: they predicted yesterday didn't happen today. 429 00:23:18,080 --> 00:23:20,040 Speaker 3: They'll be able to explain that to you tomorrow. 430 00:23:20,200 --> 00:23:24,400 Speaker 2: So they predict something, then it doesn't happen, and then 431 00:23:24,440 --> 00:23:28,440 Speaker 2: they explain why it didn't happen. And one person said, well, 432 00:23:28,480 --> 00:23:31,840 Speaker 2: the only reason they invented economists that made weather forecasters 433 00:23:31,880 --> 00:23:34,520 Speaker 2: look better. And it's true. I mean, when you look 434 00:23:34,520 --> 00:23:37,600 Speaker 2: at the way these economists look at certain things and 435 00:23:37,680 --> 00:23:41,600 Speaker 2: the predictions that they make, and reading these FED minutes 436 00:23:41,680 --> 00:23:45,800 Speaker 2: they talk about in there during their discussions. The minutes 437 00:23:45,840 --> 00:23:49,400 Speaker 2: added that the policymakers generally thought inflation would be closer 438 00:23:49,440 --> 00:23:53,280 Speaker 2: to target, but the higher terriffs, with some observing that 439 00:23:53,320 --> 00:23:56,160 Speaker 2: the business contacts they had indicated that they were going 440 00:23:56,200 --> 00:23:59,439 Speaker 2: to be raising prices and they were surprised that it 441 00:23:59,560 --> 00:24:03,199 Speaker 2: hasn't raise prices, and that they were surprised that terifts 442 00:24:03,200 --> 00:24:06,480 Speaker 2: haven't raised prices, even though this is the thing that's 443 00:24:06,520 --> 00:24:09,679 Speaker 2: been holding them back, saying that, well, we expect teriffs 444 00:24:09,720 --> 00:24:14,320 Speaker 2: to increase prices, so we're worried about inflation in the future, 445 00:24:14,560 --> 00:24:17,040 Speaker 2: so we're going to hold back on interest rate cuts. 446 00:24:17,400 --> 00:24:21,199 Speaker 2: Now we're nine months into this and they're still saying that, well, 447 00:24:21,480 --> 00:24:24,119 Speaker 2: we're not seeing it yet, but we may see it 448 00:24:24,280 --> 00:24:26,440 Speaker 2: by the end of the year or early next year, 449 00:24:26,640 --> 00:24:29,760 Speaker 2: so they keep pushing off when they expect to see 450 00:24:29,920 --> 00:24:33,400 Speaker 2: this budge in inflation. And then even lion Jerry Powell 451 00:24:33,400 --> 00:24:36,520 Speaker 2: has come out and said that the tariffs, the way 452 00:24:36,560 --> 00:24:38,520 Speaker 2: it would work, would be it would be a one 453 00:24:38,680 --> 00:24:44,080 Speaker 2: time of raise in inflation that particular period, but it 454 00:24:44,119 --> 00:24:48,640 Speaker 2: would not be long term. And so with that in mind, 455 00:24:49,040 --> 00:24:52,399 Speaker 2: why are you so worried about inflation over the next 456 00:24:52,440 --> 00:24:55,639 Speaker 2: six months when it's going to be a one time increase. 457 00:24:56,119 --> 00:24:59,760 Speaker 2: I just you know, the clarification of what they actually 458 00:24:59,760 --> 00:25:03,800 Speaker 2: say and what the numbers actually are, the fact that 459 00:25:04,280 --> 00:25:08,560 Speaker 2: their predictions are not happening, and yet they're still holding 460 00:25:08,560 --> 00:25:11,240 Speaker 2: to it and saying, well, it's gonna come. You know, 461 00:25:11,280 --> 00:25:14,320 Speaker 2: it reminds me, and I've said this before, reminds me 462 00:25:14,359 --> 00:25:16,159 Speaker 2: of remember when they used to have what it was, 463 00:25:16,320 --> 00:25:19,440 Speaker 2: the Globe and the other rag and you know. 464 00:25:19,359 --> 00:25:19,439 Speaker 9: The. 465 00:25:21,040 --> 00:25:24,760 Speaker 2: Gossip papers at the checkout counter. You'd be standing there 466 00:25:24,800 --> 00:25:26,840 Speaker 2: on line and you pick the thing up and the 467 00:25:26,920 --> 00:25:28,959 Speaker 2: headline would say, oh, the world's coming to an end. 468 00:25:29,119 --> 00:25:30,719 Speaker 2: Or at the end of the year they say, oh, 469 00:25:30,760 --> 00:25:32,680 Speaker 2: these are the predictions for next year, and it was 470 00:25:32,720 --> 00:25:35,159 Speaker 2: going to be you know, there's going to be a 471 00:25:35,240 --> 00:25:39,560 Speaker 2: depression that this particular world event was going to happen 472 00:25:39,680 --> 00:25:42,440 Speaker 2: and so on, and that the predictions never came true, 473 00:25:42,880 --> 00:25:45,400 Speaker 2: and so it would be like, well, somebody would make. 474 00:25:45,320 --> 00:25:47,880 Speaker 3: This prediction every year for like a five year period of. 475 00:25:47,840 --> 00:25:49,879 Speaker 2: Time or something, and then when it eventually happened, it 476 00:25:49,880 --> 00:25:52,480 Speaker 2: was like, see, I told you so. Well, you know, 477 00:25:52,520 --> 00:25:54,959 Speaker 2: if you're so good at predicting, maybe you could have 478 00:25:55,000 --> 00:25:57,439 Speaker 2: that prediction a little closer to the event as opposed 479 00:25:57,480 --> 00:26:00,440 Speaker 2: to just making that prediction year after year a year 480 00:26:00,640 --> 00:26:03,000 Speaker 2: and then when it actually happens, take credit for it. 481 00:26:03,200 --> 00:26:05,280 Speaker 2: So that's what I see as far as these economists, 482 00:26:05,680 --> 00:26:08,080 Speaker 2: as far as these people on the on the Federal 483 00:26:08,119 --> 00:26:10,880 Speaker 2: Reserve is concern. Now, there was one person that's been 484 00:26:10,920 --> 00:26:14,000 Speaker 2: added to the Federal Reserve Board as Stephen Maren. He 485 00:26:14,080 --> 00:26:19,040 Speaker 2: is a person that is in the in the Trump administration, 486 00:26:19,400 --> 00:26:21,520 Speaker 2: and he has been very adamant he wanted to see 487 00:26:21,880 --> 00:26:24,680 Speaker 2: the interest rate coming down at full half a percentage point, 488 00:26:24,800 --> 00:26:29,320 Speaker 2: whereas everybody else settled on that quarter percent interest rate decrease. 489 00:26:29,800 --> 00:26:34,199 Speaker 2: And again they're talking in here, and it blows me 490 00:26:34,240 --> 00:26:38,000 Speaker 2: away that they it's like they're just looking at this 491 00:26:38,240 --> 00:26:42,160 Speaker 2: one month in time as opposed to folks, we've been 492 00:26:42,200 --> 00:26:44,679 Speaker 2: making this prediction for the last nine months and it 493 00:26:44,680 --> 00:26:48,280 Speaker 2: hasn't happened. It ought to be indication that ain't gonna happen. 494 00:26:48,359 --> 00:26:51,520 Speaker 2: So maybe we can start focusing on something else. But again, 495 00:26:52,040 --> 00:26:57,000 Speaker 2: that's the Federal Reserve. Then we have. And this is 496 00:26:57,040 --> 00:27:00,200 Speaker 2: the guy that really boggles my mind. He is the 497 00:27:00,200 --> 00:27:03,280 Speaker 2: the president of the Chicago FED. He's a guy by 498 00:27:03,320 --> 00:27:06,880 Speaker 2: the name of Austin Goldsby. Now, if you're not familiar 499 00:27:06,960 --> 00:27:09,800 Speaker 2: with him, he was the chairman of the Council of 500 00:27:09,880 --> 00:27:16,600 Speaker 2: Economic Advisors to Obama during the Obama administration and after that, 501 00:27:16,960 --> 00:27:19,600 Speaker 2: he was one of these guys that when they needed 502 00:27:19,640 --> 00:27:22,760 Speaker 2: a liberal economist on one of these shows to talk 503 00:27:22,800 --> 00:27:26,520 Speaker 2: about or downgrade the first Trump administration, he'd be out 504 00:27:26,520 --> 00:27:28,760 Speaker 2: there talking about it, how you know, all things were 505 00:27:28,800 --> 00:27:31,920 Speaker 2: so much better during the Obama years and we did 506 00:27:31,960 --> 00:27:33,879 Speaker 2: this and we did that, when in fact it was 507 00:27:33,920 --> 00:27:35,840 Speaker 2: a lie. And he's you know, all this sort of stuff. 508 00:27:36,000 --> 00:27:38,840 Speaker 2: I mean, I remember seeing some of the stuff that 509 00:27:38,880 --> 00:27:40,480 Speaker 2: he would predict and some of the stuff that he 510 00:27:40,520 --> 00:27:43,600 Speaker 2: had talk about. But he's now on the Federal Reserve board, 511 00:27:43,960 --> 00:27:46,840 Speaker 2: and so he is now being interviewed by all these 512 00:27:46,840 --> 00:27:51,159 Speaker 2: different people. Federal Reserve Bank President Austin Goldsby discussed the 513 00:27:51,200 --> 00:27:54,960 Speaker 2: impact of government shutdown would have on the agency, inflation 514 00:27:55,040 --> 00:27:58,920 Speaker 2: and more on the claimant countdown. This was on Fox Business, 515 00:27:59,640 --> 00:28:02,760 Speaker 2: this claim and Holds this show, and he was on there. 516 00:28:03,240 --> 00:28:07,560 Speaker 2: Now I've talked about this. They talk about how the 517 00:28:07,600 --> 00:28:11,880 Speaker 2: government reports that the Federal Reserve relies on that that's 518 00:28:11,920 --> 00:28:15,919 Speaker 2: going to call into question the accuracy of those numbers. Again, 519 00:28:16,040 --> 00:28:18,600 Speaker 2: I point to the fact that as we have learned, 520 00:28:18,960 --> 00:28:23,200 Speaker 2: and like I said, we have had in the last year, 521 00:28:23,480 --> 00:28:27,480 Speaker 2: or with Trump involved with anything, we have stuff that 522 00:28:27,600 --> 00:28:31,119 Speaker 2: goes on year after year after year after year, and 523 00:28:31,320 --> 00:28:35,000 Speaker 2: people with common sense will say, why is that happening? Oh, 524 00:28:35,080 --> 00:28:37,720 Speaker 2: that's just the way it is. Well with the Trump 525 00:28:37,760 --> 00:28:40,520 Speaker 2: administration and what he does is it winds up being 526 00:28:40,640 --> 00:28:42,720 Speaker 2: like the Wizard of Oz that pull back the curtain 527 00:28:42,960 --> 00:28:45,680 Speaker 2: and see the guy back there just manipulating the buttons 528 00:28:45,880 --> 00:28:48,040 Speaker 2: to make it seem like this grand wizard up there 529 00:28:48,120 --> 00:28:51,400 Speaker 2: is some sort of all seeing, all knowing individual and 530 00:28:51,440 --> 00:28:53,560 Speaker 2: they pull the curtain back and realize it's just a 531 00:28:53,640 --> 00:28:57,440 Speaker 2: human being of faking it. And with so many things 532 00:28:57,440 --> 00:29:00,080 Speaker 2: that the Trump administration has pulled the curtain back on, 533 00:29:00,360 --> 00:29:03,080 Speaker 2: and people have said, well, yeah, okay, well why is 534 00:29:03,120 --> 00:29:03,760 Speaker 2: this being done? 535 00:29:03,960 --> 00:29:04,960 Speaker 3: The whole deal of. 536 00:29:06,760 --> 00:29:09,960 Speaker 2: Foreign aids, where that money is going, some of the waste, 537 00:29:09,960 --> 00:29:12,480 Speaker 2: fraud and abuse that's come about, some of the stuff 538 00:29:12,520 --> 00:29:15,479 Speaker 2: going on as far as immigration reform, why is this 539 00:29:15,560 --> 00:29:17,520 Speaker 2: being done? And this is one of those areas that 540 00:29:17,520 --> 00:29:20,280 Speaker 2: I've been talking about here we've got the Federal Reserve 541 00:29:20,400 --> 00:29:23,520 Speaker 2: worried about where these economic data is coming from. Well, 542 00:29:23,560 --> 00:29:28,120 Speaker 2: because of the Trump criticizing the Federal Reserve and especially 543 00:29:29,000 --> 00:29:31,880 Speaker 2: Jerome Powell and saying that, you know, he thinks that 544 00:29:31,920 --> 00:29:34,960 Speaker 2: guy should be fired and replaced, and the fact that 545 00:29:35,280 --> 00:29:38,200 Speaker 2: the Federal Reserve does certain things, people started taking a 546 00:29:38,200 --> 00:29:41,000 Speaker 2: look at the individual members of the Federal Reserve. We 547 00:29:41,120 --> 00:29:44,959 Speaker 2: have one person that resigned recently as a result of 548 00:29:45,280 --> 00:29:48,840 Speaker 2: maybe some improprieties that they did as far as as 549 00:29:48,880 --> 00:29:53,640 Speaker 2: far as her individual finances were concerned, possibly mortgage fraud. 550 00:29:53,680 --> 00:29:57,480 Speaker 2: The one that the other one, Lisa Cook, that being 551 00:29:57,560 --> 00:30:01,400 Speaker 2: talked about trying to force her to retire or resigned 552 00:30:01,520 --> 00:30:04,400 Speaker 2: because she had done the same thing where she claimed 553 00:30:04,440 --> 00:30:07,280 Speaker 2: that the house she lives in is her permanent resident, 554 00:30:07,400 --> 00:30:10,120 Speaker 2: got the loan on that and then later on bought 555 00:30:10,760 --> 00:30:14,440 Speaker 2: a vacation home base basically for rental property, and claimed 556 00:30:14,440 --> 00:30:16,760 Speaker 2: that that was her permanent home and then you'd get 557 00:30:16,760 --> 00:30:19,560 Speaker 2: a better interest rates on that. So that's mortgage fraud. 558 00:30:19,720 --> 00:30:21,880 Speaker 2: And here is a member of the Federal Reserve. Here's 559 00:30:21,920 --> 00:30:26,160 Speaker 2: somebody who's an economics professor up in University of Michigan 560 00:30:26,640 --> 00:30:28,880 Speaker 2: doing stuff that you and I would go to jail for, 561 00:30:29,200 --> 00:30:31,240 Speaker 2: and yet they think it's okay. Oh, it was just 562 00:30:31,280 --> 00:30:33,160 Speaker 2: a mistake, you know, it was an oversight. She didn't 563 00:30:33,160 --> 00:30:35,000 Speaker 2: know what was she talking about. This was the first 564 00:30:35,040 --> 00:30:37,160 Speaker 2: time she bought this house. So, in other words, we've 565 00:30:37,160 --> 00:30:40,560 Speaker 2: got somebody who's unqualified, somebody who doesn't know much about 566 00:30:40,600 --> 00:30:44,000 Speaker 2: economics on the Federal Reserve. We have the fact that 567 00:30:44,200 --> 00:30:46,520 Speaker 2: as I dug into and found out, the Federal Reserve 568 00:30:46,520 --> 00:30:51,320 Speaker 2: employees twenty three thousand people. Twenty three thousand people. Now 569 00:30:51,360 --> 00:30:54,600 Speaker 2: what do those people do? Are they doing economic work? 570 00:30:54,600 --> 00:30:57,000 Speaker 2: Are they doing these studies? And as we've seen as 571 00:30:57,000 --> 00:31:00,360 Speaker 2: a result of the shutdown, when they want unemployment numbers, 572 00:31:00,400 --> 00:31:05,080 Speaker 2: when they want sales numbers, these different organizations like Goldman 573 00:31:05,160 --> 00:31:10,719 Speaker 2: Sachs or JP Morgan, they take the data that's available 574 00:31:10,920 --> 00:31:15,120 Speaker 2: from these states and individual organizations and they have put 575 00:31:15,160 --> 00:31:18,120 Speaker 2: the numbers together and come up with these predictions. So 576 00:31:18,280 --> 00:31:21,400 Speaker 2: makes me question, well, why isn't the Federal Reserve, Why 577 00:31:21,480 --> 00:31:25,280 Speaker 2: is the Federal Reserve, who's supposed to be this independent organization. 578 00:31:25,720 --> 00:31:28,800 Speaker 2: Why are they relying on this data from other places? 579 00:31:28,840 --> 00:31:32,720 Speaker 2: Why aren't they producing this themselves? Because if they're independent, 580 00:31:32,920 --> 00:31:35,200 Speaker 2: there would be no bias and they would come up 581 00:31:35,240 --> 00:31:38,200 Speaker 2: with a clean decision. So this Austin Goldsby was on 582 00:31:38,240 --> 00:31:41,920 Speaker 2: this interview and it was just absolute amazing, talking about 583 00:31:42,120 --> 00:31:44,520 Speaker 2: all the stuff that he thought should be done and 584 00:31:44,560 --> 00:31:48,520 Speaker 2: some of the stuff that needed to be done, talking 585 00:31:48,520 --> 00:31:52,080 Speaker 2: about interest rate cuts and talking about the labor organs. 586 00:31:52,240 --> 00:31:55,040 Speaker 2: In fact, in there he said that he was not 587 00:31:55,120 --> 00:31:59,120 Speaker 2: sure why that interest rate cut was done back in 588 00:32:00,000 --> 00:32:03,040 Speaker 2: September of twenty twenty four. He was dodging around that 589 00:32:03,520 --> 00:32:05,880 Speaker 2: wasn't admitting the fact that it was political in nature. 590 00:32:05,960 --> 00:32:09,240 Speaker 2: So it was interesting to see that. But again, anytime 591 00:32:09,240 --> 00:32:12,200 Speaker 2: I see this guy on the news, I know that 592 00:32:12,240 --> 00:32:15,560 Speaker 2: we're going to get a bias reporting from him in 593 00:32:15,680 --> 00:32:18,120 Speaker 2: terms of what is going on, because he is a 594 00:32:18,200 --> 00:32:25,840 Speaker 2: diehard liberal. I'm Kevin Gordon, America's Trucking Network seven hundred WLW. 595 00:32:24,280 --> 00:32:27,840 Speaker 4: With Dve Lapham's enshrimement into the Bengals Ring of Honor, 596 00:32:28,160 --> 00:32:31,600 Speaker 4: we paid tribute to the Life of Lap presented by 597 00:32:31,720 --> 00:32:35,800 Speaker 4: Skyline Feeling Good against Skyline Time. Now Here's Dan and 598 00:32:35,920 --> 00:32:39,800 Speaker 4: d Lap You not only played all five offensive line 599 00:32:39,840 --> 00:32:43,000 Speaker 4: positions during your career, you did it in the same 600 00:32:43,120 --> 00:32:44,240 Speaker 4: game twice. 601 00:32:44,520 --> 00:32:48,640 Speaker 3: That's mind boggling to me. How did you know every assignment? 602 00:32:49,040 --> 00:32:52,280 Speaker 10: Yeah, it was interesting. I prided myself on, even in 603 00:32:52,360 --> 00:32:55,720 Speaker 10: high school and college, kind of understanding exactly what everybody 604 00:32:55,800 --> 00:32:58,320 Speaker 10: was doing on the field set of just tunnel vision 605 00:32:58,360 --> 00:33:02,200 Speaker 10: on my particular play, So knowing what's going on around you, 606 00:33:02,280 --> 00:33:05,640 Speaker 10: knowing what from an environmental standpoint, you know what is 607 00:33:05,680 --> 00:33:08,200 Speaker 10: happening around you, and not having that television like I 608 00:33:08,320 --> 00:33:12,080 Speaker 10: just spoke of, and understanding what all of your teammates 609 00:33:12,080 --> 00:33:14,240 Speaker 10: are doing and why they're doing and how they're doing it, 610 00:33:14,360 --> 00:33:16,520 Speaker 10: and that allowed me to play any place. 611 00:33:16,760 --> 00:33:19,200 Speaker 4: For more on the Life of Lap keep it here 612 00:33:19,560 --> 00:33:24,120 Speaker 4: on seven hundred WLW, the home of the best Beangals coverage. 613 00:33:24,520 --> 00:33:27,160 Speaker 11: I'm Altima Morgan and Morgan and Morgan. Every time one 614 00:33:27,160 --> 00:33:29,960 Speaker 11: of my children started driving, it was terrifying. I am 615 00:33:30,080 --> 00:33:32,600 Speaker 11: quite aware of the dangers being on the road. Thousands 616 00:33:32,640 --> 00:33:34,520 Speaker 11: of accidents happen across the country. 617 00:33:34,560 --> 00:33:35,640 Speaker 6: We see it every day. 618 00:33:35,800 --> 00:33:38,520 Speaker 11: These families' lives will be changed in an instant. We 619 00:33:38,640 --> 00:33:40,960 Speaker 11: fight for these families as if they were our own. 620 00:33:41,160 --> 00:33:44,520 Speaker 11: We've become America's largest injury law firm by winning cases 621 00:33:44,640 --> 00:33:47,520 Speaker 11: just like these. If you've been injured in a car accident. 622 00:33:47,240 --> 00:33:50,320 Speaker 4: Call Us Injured dal Pell Law, Morgan and Morgan, Ohio 623 00:33:50,400 --> 00:33:52,600 Speaker 4: office located at six hundred Vine Street, Cincinnati. 624 00:33:52,640 --> 00:33:54,600 Speaker 3: Prior results do not guarantee a similar outcome. 625 00:33:54,680 --> 00:33:57,040 Speaker 12: Trucks cost of fortune, and if your job is to 626 00:33:57,160 --> 00:33:59,960 Speaker 12: keep them running, you need assurances that the fluids you've 627 00:34:00,040 --> 00:34:03,680 Speaker 12: put in them are the right ones. 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Check out starfire dot com 634 00:34:21,239 --> 00:34:23,960 Speaker 12: give them a call to learn more Starfire. 635 00:34:24,560 --> 00:34:26,680 Speaker 9: If you were a loved one has sleep apnea, you 636 00:34:26,680 --> 00:34:30,040 Speaker 9: can help advance research that may lead to a cure myapnea. 637 00:34:30,080 --> 00:34:33,840 Speaker 9: Dot org is an online community where providers, researchers, families, 638 00:34:33,880 --> 00:34:36,640 Speaker 9: and patients can share and learn from each other. Fill 639 00:34:36,640 --> 00:34:38,920 Speaker 9: out the online survey and wake up to a better 640 00:34:38,960 --> 00:34:42,040 Speaker 9: future at myapnea dot org. A public service from the 641 00:34:42,080 --> 00:34:43,839 Speaker 9: American Sleep Apnea Association. 642 00:34:45,080 --> 00:34:47,080 Speaker 4: Live from the seven hundred. 643 00:34:48,680 --> 00:34:52,520 Speaker 2: This is America's struck a Network seven hundred wlw im 644 00:34:52,600 --> 00:34:55,720 Speaker 2: Kevin Wood finishing up with this interview that Austin Goldsby 645 00:34:55,840 --> 00:34:59,040 Speaker 2: gave on Fox Business News. It was interesting in there 646 00:34:59,200 --> 00:35:01,799 Speaker 2: that he was talking about all this stuff, about all 647 00:35:02,080 --> 00:35:04,880 Speaker 2: this hyperbole about well, we want to see interest, we 648 00:35:04,920 --> 00:35:07,320 Speaker 2: want to see the inflation rate getting back down to 649 00:35:08,200 --> 00:35:10,960 Speaker 2: a two percent range, we want to see this, we 650 00:35:11,000 --> 00:35:13,400 Speaker 2: want to see that, and then he starts talking about 651 00:35:13,400 --> 00:35:18,040 Speaker 2: how well you know, with the possibility of inflation coming 652 00:35:18,120 --> 00:35:22,480 Speaker 2: from tariffs, which we haven't seen up to this point, 653 00:35:22,960 --> 00:35:25,200 Speaker 2: but we don't want to get into a situation like 654 00:35:25,280 --> 00:35:27,760 Speaker 2: we did back in the early days of the Biden 655 00:35:27,760 --> 00:35:33,240 Speaker 2: administration where we were calling inflation transitory, when in fact 656 00:35:33,600 --> 00:35:36,120 Speaker 2: it was ongoing for a year year and a half 657 00:35:36,200 --> 00:35:39,120 Speaker 2: before they decided to do anything about it. And now 658 00:35:39,200 --> 00:35:42,640 Speaker 2: they're using that as an excuse in terms of why 659 00:35:42,680 --> 00:35:47,239 Speaker 2: they're not cutting interest rates because they're afraid of inflation 660 00:35:47,480 --> 00:35:50,719 Speaker 2: increasing as a result of something that's been going on 661 00:35:50,840 --> 00:35:54,680 Speaker 2: for nine months that hasn't caused inflation. It's just very 662 00:35:54,680 --> 00:35:58,560 Speaker 2: interesting to see just wants to see that. You know, 663 00:35:58,600 --> 00:36:02,120 Speaker 2: he keeps talking about that the tariffs have been in 664 00:36:02,160 --> 00:36:06,400 Speaker 2: the past eleven percent of the economy, eleven percent of 665 00:36:06,440 --> 00:36:09,080 Speaker 2: what we have taken in as far as revenue, as 666 00:36:09,120 --> 00:36:12,840 Speaker 2: far as the government, and he is insisting or he 667 00:36:12,960 --> 00:36:16,040 Speaker 2: was talking about he would like to see that be 668 00:36:16,560 --> 00:36:20,880 Speaker 2: still in that eleven percent range, where that can't be 669 00:36:21,120 --> 00:36:25,600 Speaker 2: if we're charging additional tariffs on other countries to balance 670 00:36:25,680 --> 00:36:28,320 Speaker 2: that fair trade, to get it to more fair trade 671 00:36:28,320 --> 00:36:32,200 Speaker 2: as opposed to free trade. So again, it was a 672 00:36:32,239 --> 00:36:35,879 Speaker 2: lot of a lot of excuses for why they are 673 00:36:35,920 --> 00:36:41,040 Speaker 2: not lowering interest rates, blaming this on past mistakes of 674 00:36:41,080 --> 00:36:45,400 Speaker 2: the Fed, which is now being done where they're making 675 00:36:45,440 --> 00:36:48,319 Speaker 2: mistakes now that they're going to be talking about a 676 00:36:48,400 --> 00:36:51,040 Speaker 2: year from now, the mistakes that they made now by 677 00:36:51,080 --> 00:36:52,320 Speaker 2: not lowering interest rates. 678 00:36:52,400 --> 00:36:53,680 Speaker 3: I'm just throwing that out there. 679 00:36:54,280 --> 00:36:57,720 Speaker 2: September Class eight truck sales fall for twenty five percent 680 00:36:57,800 --> 00:37:00,360 Speaker 2: from a year ago. Now that headline is kind of 681 00:37:00,400 --> 00:37:04,319 Speaker 2: shocking and kind of surprising. However, when you dig into it, 682 00:37:04,800 --> 00:37:08,120 Speaker 2: US Class eight truck sales fell below the prior year 683 00:37:08,120 --> 00:37:11,000 Speaker 2: for the third month in a row. In September, according 684 00:37:11,000 --> 00:37:15,800 Speaker 2: Towards Intelligence Data, sales decreased twenty five point six percent 685 00:37:16,120 --> 00:37:18,560 Speaker 2: from the number of units sold in the prior year. 686 00:37:18,840 --> 00:37:22,799 Speaker 2: They also declined nine point two percent from the units 687 00:37:22,840 --> 00:37:26,719 Speaker 2: reported in August. The only year over year increase in 688 00:37:26,760 --> 00:37:31,080 Speaker 2: twenty twenty five occurred in June, so that was just 689 00:37:31,120 --> 00:37:34,600 Speaker 2: a one month where the sales for that month was 690 00:37:34,680 --> 00:37:38,080 Speaker 2: higher than the previous month. But year to date, sales 691 00:37:38,080 --> 00:37:43,440 Speaker 2: are down nine point two percent overall. So you know, 692 00:37:43,880 --> 00:37:46,919 Speaker 2: you see a headline where you know, this particular month 693 00:37:47,360 --> 00:37:51,240 Speaker 2: sales are down twenty five percent. That means that sales 694 00:37:51,280 --> 00:37:55,000 Speaker 2: were up pretty close to those numbers from the prior year. 695 00:37:55,840 --> 00:37:58,440 Speaker 2: And so when you look at this on a yearly 696 00:37:58,520 --> 00:38:01,560 Speaker 2: basis stretched out over the entire well up to this 697 00:38:01,600 --> 00:38:04,840 Speaker 2: point nine months or the September report of nine months, 698 00:38:05,280 --> 00:38:10,240 Speaker 2: sales were only down nine percent. Now ten percent cut 699 00:38:10,360 --> 00:38:13,680 Speaker 2: or ten percent decrease is not the end of the world. 700 00:38:13,719 --> 00:38:17,040 Speaker 2: It's not an increase, but it's not you know, twenty 701 00:38:17,080 --> 00:38:20,000 Speaker 2: percent off for the entire year. It's it's still a 702 00:38:20,040 --> 00:38:23,480 Speaker 2: significant decrease, but not like the sky is falling or 703 00:38:23,480 --> 00:38:29,200 Speaker 2: anything along those lines. ACT Research Vice president Steve Tam said, 704 00:38:29,440 --> 00:38:32,160 Speaker 2: this was a bigger drop than we expected. I think 705 00:38:32,200 --> 00:38:35,719 Speaker 2: it's an ongoing reflection of just the angst in the industry. 706 00:38:36,160 --> 00:38:38,480 Speaker 2: People are concerned that they don't know what to do, 707 00:38:38,800 --> 00:38:41,600 Speaker 2: so they're not doing anything, and of course, in that 708 00:38:41,719 --> 00:38:45,600 Speaker 2: vein falls the sales. The other interesting piece I think 709 00:38:45,760 --> 00:38:50,879 Speaker 2: is the certainly not coincidence, but an impact on mentality. 710 00:38:51,160 --> 00:38:54,520 Speaker 2: It's the twenty five percent tariff. Well, right after this 711 00:38:54,640 --> 00:39:00,200 Speaker 2: story was written, it indicated that the tariffs on truck 712 00:39:00,280 --> 00:39:03,520 Speaker 2: are going to be pushed back to November the first, 713 00:39:03,800 --> 00:39:07,200 Speaker 2: in order to get more clarification or a better deal. 714 00:39:07,640 --> 00:39:10,200 Speaker 2: So how this is going to stack up, how this 715 00:39:10,280 --> 00:39:14,680 Speaker 2: is going to affect things is a little premature. It's 716 00:39:14,680 --> 00:39:17,920 Speaker 2: got folks nervous just like everyone else, Tam said, And 717 00:39:18,000 --> 00:39:22,360 Speaker 2: so the manufacturers in anticipation. I think that, but that 718 00:39:22,520 --> 00:39:25,719 Speaker 2: also even ahead of that, and of course he's kind 719 00:39:25,760 --> 00:39:29,759 Speaker 2: of stuttering there. We're already starting to cut production. And 720 00:39:29,800 --> 00:39:31,920 Speaker 2: as you and I have talked about in the past, 721 00:39:32,160 --> 00:39:34,560 Speaker 2: if you don't build it, you can't sell it. So 722 00:39:34,680 --> 00:39:37,200 Speaker 2: I think they got something going on where they need 723 00:39:37,200 --> 00:39:39,040 Speaker 2: to ramp up, They're just not going to have the 724 00:39:39,120 --> 00:39:43,120 Speaker 2: units available they talked about. In terms of freightliner brand 725 00:39:43,160 --> 00:39:47,320 Speaker 2: of Diamoner Truck, North America claimed the largest market share 726 00:39:47,480 --> 00:39:49,759 Speaker 2: they sold thirty three percent of the trucks that were 727 00:39:49,760 --> 00:39:54,360 Speaker 2: sold that month, represented a thirty three percent decrease from 728 00:39:54,760 --> 00:39:59,600 Speaker 2: what we're sold the prior year. Western Stars saw sales 729 00:39:59,640 --> 00:40:03,560 Speaker 2: declined five percent five point eight percent. Mac Trucks North 730 00:40:03,600 --> 00:40:07,520 Speaker 2: America September retail sales continue to decline both month over 731 00:40:07,600 --> 00:40:11,440 Speaker 2: month and year over year, consistent with our market expectation 732 00:40:11,920 --> 00:40:16,680 Speaker 2: as in fleets navigate. As fleets navigate ongoing economic headwinds. 733 00:40:17,160 --> 00:40:22,160 Speaker 2: The combination of persistent freight market weakness, declining construction spending, 734 00:40:22,400 --> 00:40:26,320 Speaker 2: and uncertainly around tariff policy continue to drive fleet caution 735 00:40:26,760 --> 00:40:30,279 Speaker 2: in what remains a softer economic move. MAC Trucks, the 736 00:40:30,360 --> 00:40:34,480 Speaker 2: loan manufacturer to see a sales rise, reported sales increase 737 00:40:34,520 --> 00:40:38,040 Speaker 2: of thirty two point nine percent from the prior year, 738 00:40:38,440 --> 00:40:42,320 Speaker 2: So again, talking about the headwinds as they're seeing didn't 739 00:40:42,360 --> 00:40:46,160 Speaker 2: affect them in that particular month. Volvo Trucks North America 740 00:40:46,239 --> 00:40:51,040 Speaker 2: sales drop forty point five percent. MAC and VTNA are 741 00:40:51,120 --> 00:40:57,360 Speaker 2: both groups of the Volvo Group. International sales drop thirty 742 00:40:57,360 --> 00:41:01,759 Speaker 2: three point eight, Peterbilt Motor Company sales decrease nineteen point 743 00:41:01,880 --> 00:41:06,400 Speaker 2: nine and Kenworth Truck Companies sales slid nineteen percent as well. 744 00:41:07,160 --> 00:41:11,400 Speaker 2: Both Kenworth and Peterbilt are members of the pack are 745 00:41:11,600 --> 00:41:15,320 Speaker 2: in brands, so again it's on a wait and see. 746 00:41:15,640 --> 00:41:18,360 Speaker 2: But one of the things they're not talking about enough, 747 00:41:18,600 --> 00:41:21,440 Speaker 2: in my opinion, is the fact that interest rates are 748 00:41:21,480 --> 00:41:24,680 Speaker 2: too high. If you're talking about having to go out 749 00:41:24,680 --> 00:41:28,760 Speaker 2: and spend seven percent eight percent on a truck loan 750 00:41:29,080 --> 00:41:31,480 Speaker 2: as opposed to three percent what it was a few 751 00:41:31,560 --> 00:41:34,640 Speaker 2: years ago, that's going to be a problem. When you 752 00:41:34,680 --> 00:41:38,520 Speaker 2: look at some of the possible emissions, and we're still 753 00:41:38,560 --> 00:41:41,280 Speaker 2: talking about whether these emissions are going to be pulled 754 00:41:41,320 --> 00:41:43,880 Speaker 2: back and whether or not they're going to go forward 755 00:41:44,239 --> 00:41:47,000 Speaker 2: as far as the EPA is concerned, which are adding 756 00:41:47,239 --> 00:41:50,520 Speaker 2: thousands of dollars to the cost of these trucks, and 757 00:41:50,640 --> 00:41:53,399 Speaker 2: when you look at how these trucks are done as 758 00:41:53,400 --> 00:41:56,600 Speaker 2: far as the amount of pollution that they do compared 759 00:41:56,640 --> 00:42:00,120 Speaker 2: to other means and other you know, when you got 760 00:42:00,200 --> 00:42:04,120 Speaker 2: wildfire out in California that wipes out everything that they 761 00:42:04,160 --> 00:42:06,600 Speaker 2: had done to clean up the air over the last 762 00:42:06,640 --> 00:42:11,520 Speaker 2: twenty years. When one fire in twenty twenty eliminates every 763 00:42:11,640 --> 00:42:14,759 Speaker 2: effort that they did in twenty years to clean up 764 00:42:14,800 --> 00:42:17,880 Speaker 2: the air out there. Then four years later you follow 765 00:42:17,920 --> 00:42:23,320 Speaker 2: that up with a wildfire there in January, and everything 766 00:42:23,360 --> 00:42:25,799 Speaker 2: that they've done out there, everything that they've done in 767 00:42:25,880 --> 00:42:29,000 Speaker 2: terms of the higher gas prices almost five four dollars 768 00:42:29,080 --> 00:42:31,480 Speaker 2: and fifty cents a gallon out there, because of all 769 00:42:31,480 --> 00:42:34,600 Speaker 2: the pollution controls, all the emissions controls that they have, 770 00:42:35,160 --> 00:42:37,960 Speaker 2: all the businesses that they're trying to get their carbon 771 00:42:38,000 --> 00:42:41,680 Speaker 2: emissions down to zero, all this push, as far as 772 00:42:41,960 --> 00:42:45,440 Speaker 2: everything as far as the houses are concerned to be 773 00:42:45,520 --> 00:42:48,160 Speaker 2: more energy efficient and all that, all that has been 774 00:42:48,200 --> 00:42:54,280 Speaker 2: totally wasteful and done nothing to impact the climate because 775 00:42:54,360 --> 00:42:58,360 Speaker 2: of they're ignoring the wildfires and keeping those from getting 776 00:42:58,360 --> 00:43:01,279 Speaker 2: out of control, and everything that they've done over the 777 00:43:01,320 --> 00:43:05,600 Speaker 2: last twenty years thirty years now has been completely wiped 778 00:43:05,640 --> 00:43:08,880 Speaker 2: out by not controlling the fires out there. So if 779 00:43:08,920 --> 00:43:13,080 Speaker 2: you're concerned about pollution, if you're concerned about polluting the air, 780 00:43:13,560 --> 00:43:16,879 Speaker 2: do the things that are easy. Control fires. Don't let 781 00:43:16,880 --> 00:43:20,040 Speaker 2: fires get out of control. And I keep making the 782 00:43:20,080 --> 00:43:22,959 Speaker 2: point that if you look at a tractor trailer today, 783 00:43:23,000 --> 00:43:25,319 Speaker 2: when you see those trucks going down the road, it 784 00:43:25,440 --> 00:43:30,200 Speaker 2: takes sixty trucks today to equal the pollution from one 785 00:43:30,239 --> 00:43:33,120 Speaker 2: truck back in nineteen eighty eight. That's how far these 786 00:43:33,120 --> 00:43:36,040 Speaker 2: emissions have come. And to say that, oh, they're a 787 00:43:36,040 --> 00:43:38,680 Speaker 2: big pollutant at this point compared to where they were 788 00:43:38,719 --> 00:43:43,560 Speaker 2: back then, I think it's ridiculous. And these cars and 789 00:43:43,600 --> 00:43:46,120 Speaker 2: these trucks are a lot more efficient than they were, 790 00:43:46,400 --> 00:43:49,840 Speaker 2: and to add thousands and thousands of dollars onto something 791 00:43:50,040 --> 00:43:52,880 Speaker 2: that is only going to have a minimal effect. And 792 00:43:53,000 --> 00:43:55,960 Speaker 2: especially when you consider the fact that all of the 793 00:43:55,960 --> 00:43:58,759 Speaker 2: carbon pollution and all the pollution in the world that's 794 00:43:58,800 --> 00:44:02,920 Speaker 2: coming from Asia, Russia, China and their factories over there. 795 00:44:03,360 --> 00:44:04,080 Speaker 3: I mean, when you. 796 00:44:04,120 --> 00:44:05,920 Speaker 2: Got one side of the economy, when you got to 797 00:44:05,960 --> 00:44:08,719 Speaker 2: one side of the world doing everything they can to 798 00:44:10,560 --> 00:44:12,719 Speaker 2: clean up the air, and you got other people on 799 00:44:12,760 --> 00:44:15,839 Speaker 2: the other side of the world doubling, tripling and quadrupling 800 00:44:16,080 --> 00:44:19,799 Speaker 2: their pollution, what are you gaining. So anyway, this is 801 00:44:20,040 --> 00:44:23,440 Speaker 2: where we are. Class eight truck sales are down. But again, 802 00:44:23,719 --> 00:44:27,800 Speaker 2: when you talk to the individual companies. When they interview 803 00:44:27,800 --> 00:44:31,239 Speaker 2: the individual companies, they are all saying that they can 804 00:44:31,280 --> 00:44:33,280 Speaker 2: see the light at the end of the tunnel. They're 805 00:44:33,320 --> 00:44:36,080 Speaker 2: optimistic at what is going to happen in the future. 806 00:44:36,360 --> 00:44:38,200 Speaker 2: And so these are the things that a lot of 807 00:44:38,239 --> 00:44:41,120 Speaker 2: people aren't talking about and the fact of stuff that 808 00:44:41,320 --> 00:44:44,200 Speaker 2: we need to talk about here because when you keep 809 00:44:44,239 --> 00:44:50,319 Speaker 2: hearing this drumbeat of bad estimates or bad predictions, when 810 00:44:50,360 --> 00:44:53,279 Speaker 2: those predictions don't come true, and we talk about that 811 00:44:53,320 --> 00:44:55,480 Speaker 2: they aren't going to come true, at least you know 812 00:44:55,520 --> 00:44:56,520 Speaker 2: you'll be ahead of the curve. 813 00:44:56,680 --> 00:44:58,320 Speaker 3: Well, folks, that does it for us. Stay tuned for 814 00:44:58,400 --> 00:44:59,640 Speaker 3: ATI Radio Top of the Hour. 815 00:45:00,080 --> 00:45:08,399 Speaker 2: I'm Kevin Gordon, America's Trucking Network seven hundred WLW. 816 00:45:06,120 --> 00:45:13,080 Speaker 4: News, Traffic and Weather. News Radio seven hundred WLW Cincinnati. 817 00:45:14,160 --> 00:45:15,480 Speaker 3: It's the twenty second day.