WEBVTT - America's Truckin' Network 0:00:05.200 --> 0:00:08.000 This is America's Trucking Network with Kevin Gordon. 0:00:10.039 --> 0:00:15.080 Welcome aboard, thanks for tuning in. Merry Christmas. Thanks to 0:00:15.080 --> 0:00:17.000 all the truckers out there. I want to start off 0:00:17.000 --> 0:00:19.280 by saying that thank you to all the truckers out 0:00:19.320 --> 0:00:21.599 there on the highway. You are out there keeping the 0:00:21.600 --> 0:00:24.759 wheels of the economy rolling, delivering all the stuff that 0:00:24.800 --> 0:00:28.000 people are going to be looking for after the Christmas season, 0:00:28.040 --> 0:00:30.159 as well as all the groceries people are going to 0:00:30.200 --> 0:00:33.000 be looking at to do their celebrations if they do 0:00:33.120 --> 0:00:37.879 more celebrations over the weekend. Again, also first responders want 0:00:37.920 --> 0:00:40.800 to thank shout out to the first responders, police and fire, 0:00:41.040 --> 0:00:44.400 hospital workers, food service employees. You know, if you go 0:00:44.479 --> 0:00:48.160 to a restaurant, if you and your family celebrate Christmas 0:00:48.200 --> 0:00:51.199 by going to a restaurant, those people are there on 0:00:51.280 --> 0:00:54.680 Christmas Day when they could be home with their families. 0:00:54.680 --> 0:00:56.400 That's why a lot of people in the food service 0:00:56.440 --> 0:01:01.160 industry and in other industries actually celebrate their holidays a 0:01:01.280 --> 0:01:04.920 day before, week before, the weekend after, or something along 0:01:05.000 --> 0:01:08.600 those lines. Also, you got your hotel and motel workers. 0:01:08.720 --> 0:01:11.520 If you're staying someplace, all those people that are taking 0:01:11.520 --> 0:01:14.120 care of you while you're at the hotel. There for 0:01:14.200 --> 0:01:18.679 you as well, store clerks and convenience store employees. And 0:01:19.120 --> 0:01:22.160 take the time if you will at some point, you know, 0:01:22.200 --> 0:01:24.640 when you go into these stores or you go someplace, 0:01:25.240 --> 0:01:28.399 just take the time to say thank you for being here. 0:01:29.000 --> 0:01:31.720 Now, first of all, and I want to talk about 0:01:31.760 --> 0:01:32.399 this a little bit. 0:01:33.480 --> 0:01:37.839 Christmas is not the end of the Christmas season. It 0:01:37.920 --> 0:01:42.399 is the beginning. There is the common misconception that the 0:01:42.440 --> 0:01:46.959 Twelve Days at Christmas actually occur before Christmas, when in 0:01:47.000 --> 0:01:50.920 fact the December twenty fourth and earlier are advent days 0:01:51.080 --> 0:01:54.600 and a period of preparation, not the actual twelve Days 0:01:54.600 --> 0:01:57.640 of Christmas. The Twelve Days at Christmas is a festive 0:01:58.200 --> 0:02:01.560 Christian season from just remember the twenty fifth, which is 0:02:01.640 --> 0:02:06.120 Christmas Day, to January the fifth, the twelfth night, ending 0:02:06.240 --> 0:02:09.640 with the Epiphany on January the sixth, marking the journey 0:02:09.680 --> 0:02:15.720 of the Magei to Jesus. The celebrations include feasts, religious observances, 0:02:15.880 --> 0:02:19.120 gift giving, caroling, et cetera. Now, again, as far as 0:02:19.120 --> 0:02:23.040 the timing is concerned, starts Christmas Day Day one ends 0:02:23.040 --> 0:02:26.760 on the twelfth night January fifth, leading up to the Epiphany. 0:02:26.440 --> 0:02:27.120 On the sixth. 0:02:27.400 --> 0:02:30.400 Now, the significance of this commemorates in the Nativity and 0:02:30.440 --> 0:02:33.840 the arrival of the Three Wise Men, known as the Magi. 0:02:34.760 --> 0:02:39.680 Activities of feasting parties, caroling famous song, lighting yule logs, 0:02:39.760 --> 0:02:43.600 exchanging gifts, often on the first day of first or 0:02:43.720 --> 0:02:46.640 last day, in a mix of religious and secular merriment. 0:02:46.960 --> 0:02:48.960 Now there are religious feasts during this. 0:02:49.000 --> 0:02:52.680 Specific days for saints like Saint Stephen, which was who 0:02:52.760 --> 0:02:56.200 was the first martyr on December the twenty sixth, as 0:02:56.240 --> 0:02:59.800 Saint John December the twenty seventh, and the Holy Innocence 0:02:59.840 --> 0:03:05.560 on December third, December twenty eighth. Now, going back into 0:03:05.760 --> 0:03:11.399 the time and the Bible, at that time, Herod, who 0:03:11.480 --> 0:03:13.920 was the king, had learned that the King of the 0:03:14.040 --> 0:03:17.399 Jews had been born, and because he didn't know who 0:03:17.480 --> 0:03:20.520 that was, and because he was fearful of somebody coming 0:03:20.600 --> 0:03:24.200 up and taking his title, he sent his people out 0:03:24.400 --> 0:03:29.760 to kill the first born male child of every family 0:03:30.680 --> 0:03:36.160 in the area first born male child a slaughter. Again 0:03:36.520 --> 0:03:39.560 the feast of the Holy Innocence. The origin of the 0:03:39.600 --> 0:03:44.200 traditions in Europe, solidified by the Church to unify celebrations 0:03:44.280 --> 0:03:49.800 around the winter solstice and the Eastern Church's Epiphany. Now 0:03:50.320 --> 0:03:54.120 a lot of Christian traditions because they were dealing with 0:03:54.160 --> 0:03:56.320 the time of where you know, at the start of 0:03:56.400 --> 0:04:00.880 the Christian religion, Catholic religion during the Roman times, Roman 0:04:01.000 --> 0:04:03.480 was pretty much pagan. A lot of areas around the 0:04:03.520 --> 0:04:10.040 world were pagan before non Christian, before Christianity came into 0:04:10.280 --> 0:04:14.280 existence in those areas, and kind of a way of 0:04:14.560 --> 0:04:19.240 melding the different celebrations for what they did versus what 0:04:19.279 --> 0:04:21.880 the Catholics did, they kind of changed things around and 0:04:22.000 --> 0:04:26.200 kind of incorporated them with those traditions again, Christmas Day. 0:04:26.680 --> 0:04:29.800 I'm not even sure when Christmas Day actually was in 0:04:29.880 --> 0:04:33.280 terms of going back into history, but it was solidified 0:04:33.360 --> 0:04:37.400 around the winter solstice in order to combine with the 0:04:37.560 --> 0:04:40.239 other people that might have been celebrating at that time 0:04:40.400 --> 0:04:43.600 that weren't Christian and kind of had the two celebrations 0:04:43.640 --> 0:04:47.080 going on at the same time. Course, decorations traditionally Christmas 0:04:47.120 --> 0:04:50.240 trees and decoration aren't taken down after the Twelfth Night. 0:04:50.640 --> 0:04:52.599 I never understood a lot of people, and I know 0:04:52.680 --> 0:04:55.400 some people that you know, Christmas Day, they have Christmas 0:04:55.640 --> 0:04:58.640 and so on, and then all of a sudden the 0:04:58.720 --> 0:05:02.359 next day there ripping do not ripping down, but taking 0:05:02.400 --> 0:05:06.480 down decorations and cleaning out the house and forget about Christmas. 0:05:06.760 --> 0:05:11.080 But to do Christmas right, it is not just the 0:05:11.240 --> 0:05:14.599 area or the time period up to Christmas, but it 0:05:14.680 --> 0:05:18.280 is a celebration of the Christmas season for the next 0:05:18.320 --> 0:05:20.720 twelve days. And of course many people know about the 0:05:20.760 --> 0:05:23.799 twelve Days of Christmas. Buy the song, of course, twelve 0:05:23.880 --> 0:05:28.920 days of Christmas, six birds, four groups of performers, one 0:05:29.000 --> 0:05:32.640 group of farm hands, one set of precious metals, and 0:05:32.720 --> 0:05:36.000 a tree. Well, if you're following it home, you added 0:05:36.040 --> 0:05:38.840 that up and you said, Kevin, that's thirteen items. How 0:05:38.880 --> 0:05:41.200 do you get the twelve days of Christmas from that? Well, 0:05:41.240 --> 0:05:43.960 you've got the partridge in a pear tree, which is 0:05:44.080 --> 0:05:47.640 part of the first day of Christmas. So again you've 0:05:47.640 --> 0:05:53.080 got basically those items. Now, PNC Bank and they've been 0:05:53.080 --> 0:05:54.640 doing this for a number of years, and I'll talk 0:05:54.680 --> 0:05:58.080 about that in a minute. Every year they come out 0:05:58.120 --> 0:06:02.000 with the PNC Chris Smith's Price Index. I have been 0:06:02.080 --> 0:06:05.760 following this every year as long as I can remember. 0:06:06.200 --> 0:06:08.800 Every time I'm on the air around that time period, 0:06:08.839 --> 0:06:14.760 I talk about the PNC Christmas Price Index. Interestingly enough, CPI, 0:06:15.200 --> 0:06:17.320 which is like the Consumer Price Index. 0:06:18.880 --> 0:06:20.240 Like I said, I have been following this. 0:06:20.279 --> 0:06:23.560 I always look forward to around the Thanksgiving season when 0:06:23.600 --> 0:06:28.160 this index is released, and I look forward to seeing that. 0:06:28.440 --> 0:06:32.040 Being a numbers guy, being a recovering accountant, I'm always 0:06:32.040 --> 0:06:35.080 interested in the details behind. I'm interested in the cost. 0:06:35.120 --> 0:06:38.919 I'm interested in the inflation and how that reflects the 0:06:38.960 --> 0:06:41.599 P ANDZ. To give you an introduction if you've not 0:06:41.680 --> 0:06:45.080 heard of this before, the PNC Price Christmas Price Index. 0:06:45.240 --> 0:06:48.159 It's an annual tradition which shows the current cost of 0:06:48.200 --> 0:06:51.120 one set of each of the gifts in the song 0:06:51.200 --> 0:06:53.560 the Twelve Days of Christmas. It is similar to the 0:06:53.640 --> 0:06:57.240 US Price and Consumer Price Index, which measures the changing 0:06:57.279 --> 0:07:00.839 prices of goods and services like housing, food, clothing, and 0:07:00.839 --> 0:07:04.400 transportation and more that reflect the spending habits of the 0:07:04.400 --> 0:07:08.240 average American. The goods and services in the PNC Christmas 0:07:08.240 --> 0:07:13.440 Price Index are far more whimsical, of course, and for 0:07:13.520 --> 0:07:17.240 most years the price changes closely mirror those of the 0:07:17.280 --> 0:07:20.360 Consumer Price Index. And it's been something that's been very 0:07:20.400 --> 0:07:23.160 amazing to me. Where you take a song, you add 0:07:23.240 --> 0:07:25.800 up the price of all those items with the various 0:07:26.680 --> 0:07:29.800 items about that and all the different components to that, 0:07:30.280 --> 0:07:33.120 and it very closely mirrors what's going on in the 0:07:33.160 --> 0:07:36.160 regular economy. For anybody that's interested in this, if you 0:07:36.200 --> 0:07:39.000 go to PNC their website, the p and C and 0:07:39.080 --> 0:07:42.920 just look up p and C Christmas Price Index, it 0:07:43.000 --> 0:07:48.240 is a great tool in order to teach kids about inflation, 0:07:48.440 --> 0:07:51.120 talk about goods, and talk about different things as far 0:07:51.200 --> 0:07:54.080 as the economy is concerned. And as I said, this 0:07:54.280 --> 0:07:58.760 is something where on a usual year, most years it 0:07:59.040 --> 0:08:01.920 closely mirrors what goes on as far as the economy 0:08:02.000 --> 0:08:05.400 is concerned. And the consumer price index fun way to 0:08:05.440 --> 0:08:09.320 measure consumer spending and trends in the economy. So even 0:08:09.360 --> 0:08:13.480 if Piper's Piping or Guisa laying didn't make it on 0:08:13.600 --> 0:08:16.080 your gift list this year, you can still learn about 0:08:16.080 --> 0:08:18.720 a lot about checking out their prices and how they 0:08:18.720 --> 0:08:19.840 have increased. 0:08:19.360 --> 0:08:21.360 Over the years or decreased over the years. 0:08:21.720 --> 0:08:24.240 It all started basically to go back to the beginning 0:08:24.320 --> 0:08:27.640 forty two years ago as a way to engage clients 0:08:27.640 --> 0:08:33.040 of PNC's predecessor, Prominent National Bank in Philadelphia during the 0:08:33.080 --> 0:08:37.760 traditionally light holiday weeks that hatched as the creative brainchild 0:08:37.800 --> 0:08:40.760 of the banks, and then Chief Economists has since grown 0:08:40.920 --> 0:08:45.679 into one of the PNC's most popular and anticipated economic reports. 0:08:46.160 --> 0:08:49.000 Over the years, trends of emerging the PNC Price Index 0:08:49.720 --> 0:08:52.480 and has often increased or decreased as the rate is 0:08:52.679 --> 0:08:56.000 consistent with the Consumer Price Index, a measure of inflation 0:08:56.120 --> 0:09:00.440 produced by the US Bureau Department of Labor. And then 0:09:00.640 --> 0:09:04.240 also through the years, four factors have kind of influenced this. 0:09:05.040 --> 0:09:05.640 The Internet. 0:09:05.760 --> 0:09:08.080 They've started adding into their what it would cost if 0:09:08.120 --> 0:09:10.920 you bought these items over the internet. The price of 0:09:11.000 --> 0:09:14.640 services overall has increased while prices of goods have slowed. 0:09:15.000 --> 0:09:17.480 This is a flip from forty two years ago when 0:09:17.520 --> 0:09:20.720 goods were much higher than services. Fuel costs have to 0:09:20.760 --> 0:09:23.000 be added in here. They have a major impact and 0:09:23.120 --> 0:09:27.720 major effect on shipping, and as we know, fuel prices 0:09:27.720 --> 0:09:32.400 have beencific significantly volatile over the last few years. Also 0:09:32.920 --> 0:09:36.920 especially challenging go back to the pandemic year and the 0:09:36.960 --> 0:09:39.680 fact that performers couldn't be out there. They had to 0:09:39.720 --> 0:09:42.800 eliminate a lot of that from the index, and so 0:09:42.840 --> 0:09:45.240 the cost of that index went way, way, way way 0:09:45.320 --> 0:09:48.720 down in conjunction with the way the economy behaved. And 0:09:48.760 --> 0:09:52.120 then since the PNC price Index. Just give me on 0:09:52.160 --> 0:09:56.480 a background. Since they launched the BLS and the Bureau 0:09:56.480 --> 0:10:00.600 of Labor Statistics CPI Consumer Price Index has increased two 0:10:00.880 --> 0:10:04.360 hundred and twenty three percent over those forty two years, 0:10:04.440 --> 0:10:09.360 while the PNC Christmas Price Index has only increased by 0:10:09.559 --> 0:10:13.760 fifty seven one fifty seven percent. I should say, let's 0:10:13.760 --> 0:10:16.440 get into the details of this coming up. I'm Kevin Gordon, 0:10:16.679 --> 0:10:21.800 America's struck in Network seven hundred WLW. 0:10:21.960 --> 0:10:25.079 I need this is the racing report on America's trucking 0:10:25.160 --> 0:10:27.480 network on seven hundred WLW. 0:10:28.400 --> 0:10:30.960 Lionel Racing has announced the top ten die cast of 0:10:30.960 --> 0:10:34.240 twenty twenty five. Number one is just An Algeyers Traveler 0:10:34.280 --> 0:10:38.679 Whiskey Chevrolet Number two, Dale Earnhardt Junior Budweiser Speedway Classic 0:10:38.760 --> 0:10:42.760 Late Model number three Justin Allgeiers Traveler Whiskey Race Version. 0:10:43.160 --> 0:10:45.360 Number four on the list of top ten die casts 0:10:45.400 --> 0:10:48.960 of twenty twenty five is Chase Elliott NAPA Children's Healthcare 0:10:49.000 --> 0:10:52.040 of Atlanta Echo Park Win. Fifth on the list is 0:10:52.040 --> 0:10:55.920 William Byron's Exalta Daytona five hundred win. Number six on 0:10:55.960 --> 0:10:59.600 the die cast list is Kyle Larson Hendrickcars dot Com 0:10:59.679 --> 0:11:03.560 Champ and Chip car. Number seven is Kyle Larsons Hendrickcars 0:11:03.600 --> 0:11:07.280 dot Com Phoenix Race version. Number eight is Connor Zilich 0:11:07.440 --> 0:11:10.280 Red Bull. Number nine on the list is Josh Berry's 0:11:10.280 --> 0:11:14.280 Motorcraft Las Vegas Win and number ten Shane van Gisbergen's 0:11:14.480 --> 0:11:15.360 Red Bull car. 0:11:16.760 --> 0:11:20.120 This is the breathing repard on America's Trucking Network on 0:11:20.320 --> 0:11:22.520 seven hundred WLW. 0:11:22.480 --> 0:11:28.080 Say Dennison, a t N picture this. 0:11:28.160 --> 0:11:31.679 You're on a date fucking network seven hundred WLW. 0:11:31.800 --> 0:11:33.200 Thank you so much for being there. 0:11:33.400 --> 0:11:36.760 We're talking in the previous segment about PNC's twenty twenty 0:11:36.800 --> 0:11:41.200 five Christmas Price Index. The holiday cheer comes at a 0:11:41.360 --> 0:11:45.800 premium total of all the gifts. The has risen four 0:11:45.840 --> 0:11:49.240 point five percent compared to last year, out pacing the 0:11:49.240 --> 0:11:52.480 Bureau of Labor Statistic Consumer Price Index over the year, 0:11:52.559 --> 0:11:55.720 which is reading right around three percent. The data and 0:11:55.760 --> 0:11:58.440 I'll get this, okay. The data is compiled by the 0:11:58.440 --> 0:12:04.360 PNC's Investment off using sources from across the country including 0:12:04.520 --> 0:12:10.080 dance and theater companies, hatcheries, pet stores, and others. Over All, 0:12:10.120 --> 0:12:12.679 the twelve gifts of Christmas that comprise the p and 0:12:12.760 --> 0:12:17.160 C Christmas Price index increased to a tree topping. If 0:12:17.200 --> 0:12:19.840 you just bought each one of the individual items, we've 0:12:19.920 --> 0:12:23.920 cost you fifty one thousand, four hundred and seventy six 0:12:24.000 --> 0:12:28.880 dollars and twelve cents this year. According to Amanda Agatti, 0:12:29.120 --> 0:12:31.199 she is the chief investment officer of P and C 0:12:31.360 --> 0:12:36.480 Asset Management Group, this year's increase reflects labor market pressures 0:12:36.520 --> 0:12:44.320 and economic uncertainty, not tariffs. Truelove's list is all domestic now. 0:12:44.320 --> 0:12:47.000 That is you know again and what I've been talking 0:12:47.040 --> 0:12:50.120 about on this program. There are a lot of things 0:12:50.160 --> 0:12:53.839 in this economy that are not affected by tariffs, even 0:12:53.880 --> 0:12:57.160 though what we are hearing from the spoon fed regurgitators 0:12:57.160 --> 0:13:01.320 in the mainstream media. Again, she indicates this year's increase 0:13:01.400 --> 0:13:05.840 reflects labor market pressures, which is what I've been talking 0:13:05.840 --> 0:13:09.000 about a lot that people are not factoring that into 0:13:09.040 --> 0:13:14.760 the inflation rate. And because this is labored driven, it 0:13:14.840 --> 0:13:18.040 is at four point five percent increase compared to the 0:13:18.200 --> 0:13:23.679 overall consumer price index of three percent. Again not tariff related. 0:13:24.080 --> 0:13:26.680 So the true cost of Christmas, that is, if you 0:13:26.720 --> 0:13:31.680 were to buy the gifts as the versus repeat, is 0:13:31.960 --> 0:13:36.360 four point four percent higher at a whopping two hundred 0:13:36.360 --> 0:13:41.560 and eighteen thousand, five hundred forty two dollars and ninety 0:13:41.679 --> 0:13:47.040 eight cents tax. Sevy Tech Savy Santas might avoid long 0:13:47.080 --> 0:13:50.440 lines and parking lot of adventures by shopping online with 0:13:50.559 --> 0:13:54.160 its lower inflation rate of three point one percent, but 0:13:54.280 --> 0:13:58.520 the total shopping bill remains higher at fifty five thousand, 0:13:58.880 --> 0:14:01.840 seven hundred and forty eight which is above that fifty 0:14:01.880 --> 0:14:04.920 one thousand dollars number. The convenience of shopping at home 0:14:05.040 --> 0:14:09.520 still impacts by elevated shipping and packaging costs. Now, getting 0:14:09.520 --> 0:14:11.280 into the details of this, and this is one of 0:14:11.320 --> 0:14:14.480 the things you know as a recovering accountant. Digging into 0:14:14.480 --> 0:14:16.840 the numbers always fascinates me. And that's one of the 0:14:16.840 --> 0:14:20.840 things that I love about this particular survey or the 0:14:21.080 --> 0:14:25.800 PNC Christmas Price Index is again how it normally matte 0:14:25.800 --> 0:14:29.600 mirrors in normal years. The consumer price indict All the 0:14:29.640 --> 0:14:33.480 glitters is not All the glitters is gold five gold 0:14:33.520 --> 0:14:38.240 rings shine Bright, soaring thirty two point five percent year 0:14:38.360 --> 0:14:41.520 over year, the single largest increase by far in twenty 0:14:41.600 --> 0:14:44.400 twenty five, but a bargain compared to the forty five 0:14:44.440 --> 0:14:48.520 point forty five percent jump in gold prices as of 0:14:48.560 --> 0:14:52.520 October thirtieth, twenty twenty five. Serge wasn't holiday magic. It 0:14:52.560 --> 0:14:56.000 was driven by macroeconomic forces around the world because in 0:14:56.080 --> 0:14:59.640 times when economic uncertain and this is economic concertainty around 0:14:59.640 --> 0:15:04.040 the world, given the oil markets and going what's going 0:15:04.080 --> 0:15:06.000 on in the Middle East, what's going on with the 0:15:06.040 --> 0:15:09.920 war in Ukraine, and all the different economic areas around 0:15:10.200 --> 0:15:13.840 the world, those impacts have taken effect and people are 0:15:13.840 --> 0:15:16.680 looking at that. So the price of gold, as you've noticed, 0:15:16.680 --> 0:15:20.360 has gone up considerably, and so that is reflected. 0:15:19.960 --> 0:15:22.880 Again mirroring the economy. Five gold rings. 0:15:23.840 --> 0:15:28.360 Looking at this performance pricing pops, nine ladies dancing, Ted 0:15:28.440 --> 0:15:32.760 Lorren's ten Lords of Leaping, eleven pipers piping, twelve drummers 0:15:32.800 --> 0:15:36.680 drumming might demand an ovation this year. An aggregate price 0:15:36.760 --> 0:15:40.560 for performers increased five point four percent this year, an 0:15:40.720 --> 0:15:44.520 encore on top of last year's seven point nine percent, 0:15:44.880 --> 0:15:47.640 So last year's number actually came in at seven point 0:15:47.760 --> 0:15:51.360 nine percent increase. This year was relatively tamed below that 0:15:52.480 --> 0:15:55.400 at five point four percent. Although the partridge in a 0:15:55.400 --> 0:15:58.880 pear tree was unchanged. There was a fourteen point three 0:15:58.960 --> 0:16:02.440 percent jump in the price of the pear tree. Land, 0:16:02.680 --> 0:16:05.480 labor and fertilizer have driven up tree prices this year. 0:16:05.760 --> 0:16:08.840 The pear tree can also serve as a proxy for 0:16:08.920 --> 0:16:12.960 housing costs, which likewise continue to move higher. Despite the 0:16:13.000 --> 0:16:16.280 average mortgage rates falling off the rooftop by more than 0:16:16.880 --> 0:16:20.280 one hundred basis points because of the lower interest rates 0:16:20.280 --> 0:16:21.320 by the Federal Reserve. 0:16:21.760 --> 0:16:24.360 Price is held steady this year for two. 0:16:24.160 --> 0:16:28.760 Turtle doves, three French hands, four calling birds, seven songs 0:16:28.800 --> 0:16:32.840 of Swimming swimming, and eight maids of milking. The Core 0:16:33.000 --> 0:16:37.920 version of the PNC Christmas Price Index, like the Core 0:16:38.320 --> 0:16:43.560 version and the BLS CPI, which excludes most volatile components 0:16:43.560 --> 0:16:47.920 of the index. So every year kind of along lines 0:16:47.960 --> 0:16:49.640 mirroring the Consumer Price Index. 0:16:49.920 --> 0:16:52.320 The people that put this together, they will look. 0:16:52.160 --> 0:16:55.240 At certain items that are volatile that year pull them 0:16:55.280 --> 0:16:57.920 out so you get a better gauge for in terms 0:16:57.920 --> 0:17:00.600 of what is going on in the actual index itself. 0:17:00.960 --> 0:17:03.520 This year, the number of the item that was pulled out. 0:17:04.320 --> 0:17:08.560 Let's see the Swans. Swans typically have the most volatile 0:17:08.600 --> 0:17:12.880 price among items in the PNC Christmas Price Index. However, 0:17:12.920 --> 0:17:16.080 this year's price remained flat. That might actually be a 0:17:16.119 --> 0:17:19.040 positive signal for investors who have been bracing for the 0:17:19.080 --> 0:17:24.480 investment black swan sightings or finding coal in their stockings. Now, 0:17:24.560 --> 0:17:26.719 one of the things that wasn't mentioned in this is 0:17:26.760 --> 0:17:30.840 the actual item of geese a laying and what is 0:17:31.000 --> 0:17:34.560 interesting about that looking at the numbers on the six 0:17:34.640 --> 0:17:39.480 geez a laying again, they go into each one of 0:17:39.520 --> 0:17:43.200 these individual items to talk about what the total cost 0:17:43.320 --> 0:17:46.640 is and for instance, six GISA laying will be nine 0:17:46.760 --> 0:17:50.439 hundred and thirty dollars. Geese are loud creatures, honking for 0:17:50.520 --> 0:17:53.320 all manner of reasons and likely no reason at all. 0:17:53.560 --> 0:17:56.919 That's why they're modest three point three percent increase feels 0:17:56.920 --> 0:18:01.520 so uncharacteristically quiet this year. And they go into all 0:18:01.520 --> 0:18:04.880 the details in terms of this, and you know, they 0:18:05.400 --> 0:18:08.320 explain each one of them and talk about them in 0:18:08.440 --> 0:18:12.840 detail to kind of explain how they got to those numbers. 0:18:13.040 --> 0:18:16.679 And again, I just find this very fascinating and imagine 0:18:16.920 --> 0:18:19.280 the fun it would be if you were one of 0:18:19.320 --> 0:18:23.000 the members of this team that put this together of 0:18:23.080 --> 0:18:26.399 going around and checking the different prices of all these things, 0:18:26.640 --> 0:18:30.000 putting the components together and figuring out how you could 0:18:30.560 --> 0:18:33.040 actually manage to buy all these things. 0:18:33.119 --> 0:18:36.120 If you were to buy those all in one fell swoop. 0:18:36.400 --> 0:18:39.480 With the Federal Reserve signaling looser policy in twenty twenty 0:18:39.480 --> 0:18:43.240 six will reveal whether inflation finally cools or remains the 0:18:43.320 --> 0:18:47.240 lump of coal in a holiday stockings. Again, according to 0:18:48.520 --> 0:18:52.720 Amanda Agetti with PNC Bank, is what I'm trying to. 0:18:52.600 --> 0:18:53.320 Spit out here. 0:18:53.720 --> 0:18:56.080 So, like I said, every year, I get a real 0:18:56.160 --> 0:18:58.480 kick out of looking at this, looking at the individual 0:18:58.520 --> 0:19:02.919 details of it, talking about and I do spend some 0:19:03.040 --> 0:19:05.720 time looking at this in terms of what some of 0:19:05.760 --> 0:19:09.159 the prices are, where they're advancing and where they're holding flat. 0:19:09.400 --> 0:19:11.399 Now, you know, getting into it. You know, I mentioned 0:19:11.400 --> 0:19:12.920 at the beginning that you have. 0:19:13.359 --> 0:19:16.560 Basically six birds group of performers, you know, four groups 0:19:16.560 --> 0:19:19.639 of performers. You have those you know, ten lords of 0:19:19.720 --> 0:19:23.240 leaping and so on. Those prices are subject to what 0:19:23.320 --> 0:19:27.399 the normal performance rates are for the you know, the 0:19:27.440 --> 0:19:30.080 different performers and the different unions that they belong to. 0:19:30.520 --> 0:19:32.320 And the eight mades of milking kind of gives you 0:19:32.359 --> 0:19:35.159 an indication of what the farm prices are, what the 0:19:35.240 --> 0:19:38.080 labor costs are on the farm, and that type of thing. 0:19:38.200 --> 0:19:40.880 So again, this is one of those things that where 0:19:40.880 --> 0:19:43.199 you look at the individual details. When you look at 0:19:43.240 --> 0:19:46.200 the what's behind the individual numbers, what makes that up, 0:19:46.240 --> 0:19:50.159 whether it's feed costs you know, basically buy you know 0:19:50.240 --> 0:19:52.560 because of buying these things at a pet store or 0:19:52.560 --> 0:19:55.560 something like that, the cost of producing the birds and 0:19:55.600 --> 0:19:59.840 the various animals and whatever, and being able to put 0:19:59.880 --> 0:20:03.560 the all composite into a particular index. Like I said, 0:20:03.640 --> 0:20:07.199 I always find it fascinating. I hope you find it too. Again, 0:20:07.800 --> 0:20:11.040 I will post this on my Facebook page, the summary 0:20:11.080 --> 0:20:15.040 of this, and hope you enjoy it, because again every 0:20:15.119 --> 0:20:17.760 year this kind of tends to mirror what is going 0:20:17.760 --> 0:20:20.320 on as far as the economy is concerned, and the 0:20:20.359 --> 0:20:24.439 consumer Price Index coming up. We have Sam Collier that 0:20:24.560 --> 0:20:27.640 joins the program to talk about what is going on. 0:20:28.160 --> 0:20:32.160 After us being down at the twentieth anniversary of the 0:20:32.600 --> 0:20:36.639 Rush Enterprises Tech Skills Rodeo, I thought it would be 0:20:36.720 --> 0:20:39.119 great to talk to somebody about what's going on in 0:20:39.160 --> 0:20:42.800 the trades, and of course Gateway Community College Sam Collier, 0:20:42.800 --> 0:20:45.560 who is the dean of that department, will join us 0:20:45.600 --> 0:20:48.919 talking about what's available in the trades. I'm Kevin Gordon, 0:20:49.080 --> 0:20:54.320 americastruct A Network seven hundred WLW. 0:20:53.840 --> 0:21:01.000 News traffic and weather News Radio seven hundred WLW Cincinnati. 0:21:01.400 --> 0:21:03.840 Just how many more documents are loved to go through? 0:21:04.119 --> 0:21:07.440 The surprise is a large number. But if you're twelve 0:21:07.520 --> 0:21:11.000 thirty re parts, I'm Lee Mawen breaking Now. A surprise 0:21:11.000 --> 0:21:13.800 announcement from the Department of Justice. They say they need 0:21:13.840 --> 0:21:16.600 more time to sit through over a million more documents 0:21:16.960 --> 0:21:19.159 tied into the Jeffrey Epstein trial. 0:21:19.840 --> 0:21:22.919 It's a surprise Christmas Eve announcement that the FBI and 0:21:22.960 --> 0:21:26.480 Federal prosecutors in Manhattan have uncovered over a million more 0:21:26.520 --> 0:21:30.159 documents potentially related to the Epstein case. The Justice Department 0:21:30.200 --> 0:21:32.359 says it could take a few more weeks to review 0:21:32.400 --> 0:21:36.200 them and to make legally required redactions. Critics have accused 0:21:36.240 --> 0:21:38.879 the administration of moving too slowly to release the files 0:21:39.119 --> 0:21:41.679 and of blacking out too much, including the names of 0:21:41.680 --> 0:21:45.440 government officials and of potential co conspirators they referenced in 0:21:45.440 --> 0:21:46.400 internal emails. 0:21:46.600 --> 0:21:50.119 ABC News National correspondent Stephen Portnoy now the. 0:21:50.280 --> 0:21:53.560 Ladies forecast from a train heating and cooling weather center 0:21:53.680 --> 0:21:56.480 on news radio seven hundred WLJWG. 0:21:56.720 --> 0:21:59.639 After freely dropping down into the upper forties, ver Santa 0:22:00.160 --> 0:22:02.399 quickly push into the fifties by the time most of 0:22:02.480 --> 0:22:05.440 us wake up Christmas morning. That scattered rain will also 0:22:05.480 --> 0:22:07.520 be out there Thursday morning, but it should be out 0:22:07.520 --> 0:22:10.840 of here by early afternoon. While gloomy Christmas afternoon, it 0:22:10.920 --> 0:22:13.520 will be warm highs near fifty nine and we only 0:22:13.520 --> 0:22:16.240 cool off to forty six into your Friday morning. From 0:22:16.240 --> 0:22:18.920 your severe weather station, I'm nine first warning meter Religious 0:22:18.960 --> 0:22:21.879 Mark Stitz News Radio seven hundred WLW. 0:22:22.000 --> 0:22:25.320 Scattered rain now in central Butler County as it's starting 0:22:25.320 --> 0:22:27.879 to spread a little bit further. The heaviest rain is 0:22:27.960 --> 0:22:30.320 up towards Dark County in Greenville on its way to 0:22:30.400 --> 0:22:33.840 Troy and Pickwa in Miami County, but the best of 0:22:33.880 --> 0:22:37.360 the Tri States dry at forty nine degrees. The TSA 0:22:37.400 --> 0:22:40.720 are learning people about public internet and juice jacking. That's 0:22:40.760 --> 0:22:44.240 the act of installing malware at USB ports, across airports 0:22:44.240 --> 0:22:46.639 and other public places to steal information. 0:22:47.280 --> 0:22:50.120 Really encourage people to not use those free Wi Fi sites, 0:22:50.240 --> 0:22:54.159 or if you do, do not do anything with personal information, banking, 0:22:54.240 --> 0:22:56.239 anything like that. If you have to use free Wi Fi, 0:22:56.760 --> 0:22:58.200 just keep it real surface leveled. 0:22:58.560 --> 0:23:03.080 Eastern Carolina's bb be ALYSSA Parker recommending people use their phones, 0:23:03.119 --> 0:23:06.679 hotspot or a secure network to surf the net. Just 0:23:06.720 --> 0:23:09.399 in time for Christmas Day, the iconic since Night signed 0:23:09.520 --> 0:23:12.240 back on the Convention Center. The old side was pulled 0:23:12.280 --> 0:23:14.480 down the summer in favor of a new LED sign 0:23:14.560 --> 0:23:18.680 that's fully customizable and capable of playing videos. The Cincinnati 0:23:18.760 --> 0:23:22.240 Convention Center reopens January seventh. Your next up there is 0:23:22.280 --> 0:23:26.119 that one. I'm Ley Mawen, theos Radio seven hundred WLW 0:23:27.119 --> 0:23:27.879 progressive commer. 0:23:32.680 --> 0:23:35.040 Here's your trucking forecast for the Try State and the 0:23:35.040 --> 0:23:37.680 rest of the country. In the Try State, overnight showers, 0:23:37.720 --> 0:23:40.399 the low down to forty six for Christmas Day, a 0:23:40.520 --> 0:23:42.560 chance of morning showers and a slight chance in the 0:23:42.600 --> 0:23:46.400