1 00:00:09,560 --> 00:00:12,400 Speaker 1: This is America's Truking Network with Kevin Gordon. 2 00:00:14,480 --> 00:00:17,959 Speaker 2: Welcome aboard, Thanks for tuning in on this Tuesday morning. 3 00:00:18,640 --> 00:00:21,439 Speaker 2: I'll tell you what beginning on Friday, when we got 4 00:00:21,440 --> 00:00:26,040 Speaker 2: the jobs report and then the initial reports of oil 5 00:00:26,160 --> 00:00:33,600 Speaker 2: installations in Iran getting attacked. It was a situation where 6 00:00:34,080 --> 00:00:39,480 Speaker 2: the initial reporting was a major headline, but then once 7 00:00:39,520 --> 00:00:42,640 Speaker 2: you got into it, it was not as big a 8 00:00:42,680 --> 00:00:46,400 Speaker 2: deal as one would have expected. Let me explain. I'm 9 00:00:46,440 --> 00:00:48,920 Speaker 2: going to start off with oil first. When I got 10 00:00:49,000 --> 00:00:52,200 Speaker 2: up yesterday morning, it was I believe it was Sunday 11 00:00:52,280 --> 00:00:56,080 Speaker 2: night or early Monday morning, that Israel had attacked some 12 00:00:56,240 --> 00:01:00,760 Speaker 2: oil installations in Iraq and Iran rather and the reports 13 00:01:00,760 --> 00:01:03,560 Speaker 2: in some of the videos were these fireballs. They called 14 00:01:03,600 --> 00:01:09,600 Speaker 2: it in the cop apocalypse, and you know, everybody was 15 00:01:09,600 --> 00:01:13,560 Speaker 2: all concerned, and we saw oil spike on the futures 16 00:01:13,680 --> 00:01:18,160 Speaker 2: up to one hundred and twenty dollars a barrel, and 17 00:01:18,200 --> 00:01:21,759 Speaker 2: then it came back down. But what is even more 18 00:01:21,880 --> 00:01:25,280 Speaker 2: interesting is that the people that are supposed to keep 19 00:01:25,360 --> 00:01:29,479 Speaker 2: us informed, the spoon fed regurgitators in the mainstream media, 20 00:01:30,040 --> 00:01:35,560 Speaker 2: keep reporting the bad news without bringing the context to 21 00:01:35,640 --> 00:01:42,039 Speaker 2: it and bringing the current information yesterday afternoon late is 22 00:01:42,080 --> 00:01:46,240 Speaker 2: when the when the oil markets usually close, and it's 23 00:01:46,280 --> 00:01:48,320 Speaker 2: around that time that I try to get the oil 24 00:01:48,320 --> 00:01:50,480 Speaker 2: and gas numbers so that I can report those to you. 25 00:01:51,440 --> 00:01:53,360 Speaker 2: As I mentioned, in the morning, when I got up, 26 00:01:53,360 --> 00:01:55,200 Speaker 2: I looked at the numbers because they were saying it 27 00:01:55,240 --> 00:01:57,240 Speaker 2: was almost like, you know, things are out of control 28 00:01:57,280 --> 00:01:59,760 Speaker 2: and all this oil prices are up to one hundred 29 00:01:59,760 --> 00:02:05,280 Speaker 2: and twenty dollars a barrel. Hadn't seen that since in 30 00:02:05,480 --> 00:02:07,840 Speaker 2: five six seven years, I guess, going back to when 31 00:02:07,880 --> 00:02:09,680 Speaker 2: not five six seven years, been going back to the 32 00:02:09,680 --> 00:02:13,240 Speaker 2: Biden era. And so then later on in the day 33 00:02:13,440 --> 00:02:18,720 Speaker 2: those numbers came down. However, if you went online and 34 00:02:18,840 --> 00:02:23,960 Speaker 2: looked for oil prices up until three o'clock three point 35 00:02:23,960 --> 00:02:27,920 Speaker 2: thirty in the afternoon, here's what we saw. Oil prices 36 00:02:27,919 --> 00:02:30,280 Speaker 2: surpassed one hundred dollars a barrel for the first time 37 00:02:30,320 --> 00:02:33,800 Speaker 2: since twenty twenty two. Oil prices spike over one hundred 38 00:02:33,800 --> 00:02:37,840 Speaker 2: and ten dollars a barrel, highest since pandemic. Oil prices 39 00:02:38,440 --> 00:02:41,519 Speaker 2: top one hundred dollars a barrel. As a RAN war escalates, 40 00:02:41,560 --> 00:02:45,160 Speaker 2: crude oil prices spike as a broadening I RAN war threatens. 41 00:02:45,200 --> 00:02:50,320 Speaker 2: Both transport top routes and oil fields and oil productions. However, 42 00:02:50,720 --> 00:02:55,320 Speaker 2: at the same time the oil prices were West Texas 43 00:02:55,400 --> 00:02:59,079 Speaker 2: intermediate cruit was at ninety one dollars and eighty one 44 00:02:59,160 --> 00:03:02,480 Speaker 2: cents a barrel, up only ninety one cents on the day, 45 00:03:03,000 --> 00:03:06,639 Speaker 2: or a one percent increase. Brent krude currently had seventy 46 00:03:06,800 --> 00:03:09,680 Speaker 2: ninety six dollars and nineteen cents, up three dollars and 47 00:03:09,680 --> 00:03:13,520 Speaker 2: fifty cents a barrel, or a three point seven eight 48 00:03:13,720 --> 00:03:17,320 Speaker 2: percent increase. When I saw those numbers first thing in 49 00:03:17,360 --> 00:03:20,120 Speaker 2: the morning, the original numbers, first thing in the morning, 50 00:03:20,440 --> 00:03:23,400 Speaker 2: they were up. I mean, oil was up in the 51 00:03:23,440 --> 00:03:26,360 Speaker 2: neighborhood of that one hundred and nineteen for a brief moment, 52 00:03:26,440 --> 00:03:29,600 Speaker 2: but then came back down once they damaged the assessment 53 00:03:29,680 --> 00:03:33,920 Speaker 2: damage the damage assessment was done, and then what that 54 00:03:34,080 --> 00:03:37,920 Speaker 2: was going to do in terms of Saudi Arabia saying 55 00:03:38,040 --> 00:03:41,920 Speaker 2: they were going to ramp up their oil production and 56 00:03:41,960 --> 00:03:44,560 Speaker 2: some of the other OPEC companies saying that we're going 57 00:03:44,640 --> 00:03:46,240 Speaker 2: to do the same because we're going to make up 58 00:03:46,280 --> 00:03:50,960 Speaker 2: that difference if the number of barrels peril of barrels 59 00:03:51,000 --> 00:03:55,240 Speaker 2: per oil out of Iran are out of production and 60 00:03:56,280 --> 00:03:59,240 Speaker 2: there has to be something done in terms of cutting 61 00:03:59,280 --> 00:04:02,960 Speaker 2: off the spinicket, so to speak, of the oil revenue 62 00:04:03,080 --> 00:04:06,320 Speaker 2: to Iran to the point where they don't have money 63 00:04:06,360 --> 00:04:12,920 Speaker 2: to fund their terrorism, fund their continuing war effort, and 64 00:04:13,120 --> 00:04:16,400 Speaker 2: just finally get to a point of where their eomy, well, 65 00:04:16,440 --> 00:04:19,520 Speaker 2: their economy is already in free frau fall. You would 66 00:04:19,560 --> 00:04:22,839 Speaker 2: expect that with the oil revenues coming into that country 67 00:04:23,080 --> 00:04:25,680 Speaker 2: that they would turn those things over to their people 68 00:04:25,920 --> 00:04:28,960 Speaker 2: and make their lives better, but instead they've made it worse. 69 00:04:30,120 --> 00:04:33,160 Speaker 2: But for three o'clock in the afternoon to still have 70 00:04:33,400 --> 00:04:37,880 Speaker 2: if you were to google oil prices, it would have 71 00:04:37,920 --> 00:04:41,839 Speaker 2: been saying oil prices over eight one hundred dollars a barrel. 72 00:04:42,040 --> 00:04:46,440 Speaker 2: Now all day long, if you go to certain websites 73 00:04:46,480 --> 00:04:50,720 Speaker 2: and look at oil prices, they will be adjusted hour 74 00:04:50,839 --> 00:04:54,360 Speaker 2: by hour. To talk about what's going on, But instead 75 00:04:54,680 --> 00:04:58,520 Speaker 2: they left these headlines up I guess to kind of 76 00:04:59,520 --> 00:05:03,360 Speaker 2: money the w waters to turn against the Trump administration 77 00:05:03,480 --> 00:05:06,359 Speaker 2: in terms of what's going on and scare the people. 78 00:05:06,920 --> 00:05:12,320 Speaker 2: I think that is just absolutely it's beyond journalistic malpractice. 79 00:05:12,400 --> 00:05:17,320 Speaker 2: I think it is almost intentional misleading of people. And 80 00:05:17,480 --> 00:05:20,919 Speaker 2: remember back during the Biden administration. We heard all this stuff. 81 00:05:21,080 --> 00:05:25,599 Speaker 2: They're going to form a committee for Misinformation and disinformation 82 00:05:25,960 --> 00:05:29,920 Speaker 2: and go after people that spread that. Well, folks, if 83 00:05:29,920 --> 00:05:32,359 Speaker 2: the shoe was on the other foot right now, look 84 00:05:32,400 --> 00:05:38,160 Speaker 2: out NBC, CBS, CNN, NMSNBC or what MS now because 85 00:05:38,200 --> 00:05:42,680 Speaker 2: again talking about the headline saying that oil was over 86 00:05:42,720 --> 00:05:44,919 Speaker 2: one hundred and ten dollars a barrel, when in fact 87 00:05:44,960 --> 00:05:48,040 Speaker 2: it was twenty dollars less now ninety one dollars a barrel, 88 00:05:48,279 --> 00:05:51,640 Speaker 2: which if you recall at the outset of this war 89 00:05:51,800 --> 00:05:54,800 Speaker 2: with Iran, Phil Flynn was one of the people that 90 00:05:54,920 --> 00:05:58,120 Speaker 2: was saying that oil should wind up. If it's going up, 91 00:05:58,279 --> 00:06:00,760 Speaker 2: may go up as high as ninety dollars a barrel. 92 00:06:01,040 --> 00:06:02,599 Speaker 2: A lot of people were saying it was going to 93 00:06:02,600 --> 00:06:05,240 Speaker 2: go over one hundred dollars a barrel. But yes, okay, 94 00:06:05,920 --> 00:06:09,039 Speaker 2: it did spike there for a while for you know, 95 00:06:09,279 --> 00:06:12,520 Speaker 2: basically an eight hour period of time, but is now 96 00:06:12,560 --> 00:06:15,479 Speaker 2: back down to where it has anticipated it to be 97 00:06:15,640 --> 00:06:19,760 Speaker 2: staying until the things get resolved. And when you look 98 00:06:19,800 --> 00:06:24,320 Speaker 2: at situations like they had they had a navy vessel, okay, 99 00:06:24,800 --> 00:06:28,000 Speaker 2: already forty two of the Iranian naval vessels have been 100 00:06:28,040 --> 00:06:32,920 Speaker 2: sunk one of their I don't even know what they mentioned, 101 00:06:32,920 --> 00:06:37,480 Speaker 2: what kind of a ship it was, but it pulled 102 00:06:37,480 --> 00:06:42,000 Speaker 2: into Sri Lanka, a harbor there and I'm doing the 103 00:06:42,040 --> 00:06:47,239 Speaker 2: air quotes here because of engine problems, and when it docked, 104 00:06:47,600 --> 00:06:51,880 Speaker 2: all two hundred and eight sailors on that ship abandoned 105 00:06:51,880 --> 00:06:55,240 Speaker 2: ship is said, we're not going back. We're not going 106 00:06:55,279 --> 00:06:57,919 Speaker 2: to go out there and be a target. There was 107 00:06:57,920 --> 00:07:00,480 Speaker 2: a report you may recall that the last week there 108 00:07:00,520 --> 00:07:02,880 Speaker 2: was a torpedo that hit. For the first time since 109 00:07:02,920 --> 00:07:06,839 Speaker 2: World War Two, the US Navy sunk a ship via torpedo, 110 00:07:07,560 --> 00:07:12,640 Speaker 2: which boggles my mind going back to North Korea, going 111 00:07:12,720 --> 00:07:16,120 Speaker 2: back to the Vietnam War, that we never targeted any 112 00:07:16,160 --> 00:07:22,840 Speaker 2: of the North Vietnamese Navy ships, et cetera, with torpedoes. 113 00:07:23,880 --> 00:07:25,840 Speaker 2: If that's not a clear sign that we weren't in 114 00:07:25,880 --> 00:07:28,840 Speaker 2: it to win it, then that nothing else will tell 115 00:07:28,840 --> 00:07:31,280 Speaker 2: you that. But for the first time since World War II, 116 00:07:31,600 --> 00:07:35,120 Speaker 2: a torpedo hit. And what was in the news over 117 00:07:35,120 --> 00:07:37,440 Speaker 2: the weekend was the father of one of the sailors 118 00:07:37,440 --> 00:07:41,880 Speaker 2: that was lost said they that his son called him 119 00:07:41,960 --> 00:07:46,320 Speaker 2: and said that they had been warned twice to abandon 120 00:07:46,440 --> 00:07:50,080 Speaker 2: ship and to get into the lifeboats and get away 121 00:07:50,080 --> 00:07:51,880 Speaker 2: from the ship that they were going to strike it. 122 00:07:52,200 --> 00:07:56,480 Speaker 2: The commander refused to let people leave the ship. This 123 00:07:56,560 --> 00:07:59,800 Speaker 2: is how much they care about human life. So anything 124 00:07:59,840 --> 00:08:02,240 Speaker 2: that they want to do in terms of what is 125 00:08:02,320 --> 00:08:05,840 Speaker 2: being bombed there versus where they put their missile defense 126 00:08:05,880 --> 00:08:10,560 Speaker 2: systems or whatever in schools, hospitals, et cetera. They're using 127 00:08:10,640 --> 00:08:14,240 Speaker 2: their people as human targets. That is one sign. But 128 00:08:14,480 --> 00:08:17,360 Speaker 2: the way they are firing off missiles, now, can you 129 00:08:17,440 --> 00:08:21,200 Speaker 2: imagine if they had nukes, because if they're not going 130 00:08:21,280 --> 00:08:25,160 Speaker 2: after the people that attack them, they're going after everybody 131 00:08:25,200 --> 00:08:28,200 Speaker 2: in the region. But again, this story about crude oil 132 00:08:28,280 --> 00:08:31,520 Speaker 2: prices and where they're going and where they were compared 133 00:08:31,560 --> 00:08:34,880 Speaker 2: to where they actually were in the same day is 134 00:08:35,240 --> 00:08:38,360 Speaker 2: mind boggling, because again, these people are I mean, when 135 00:08:38,400 --> 00:08:41,480 Speaker 2: I go and look at these numbers, I'm going I'm 136 00:08:41,520 --> 00:08:44,200 Speaker 2: checking the numbers periodically, and then I'm checking the news 137 00:08:44,200 --> 00:08:48,600 Speaker 2: stories as to why are things fluctuating whatever. And it's 138 00:08:48,640 --> 00:08:52,040 Speaker 2: amazing that a number that was way high in the 139 00:08:52,080 --> 00:08:55,640 Speaker 2: morning still wasn't changed on the website until late that 140 00:08:55,840 --> 00:08:59,240 Speaker 2: and still the headline that I pulled off the latest 141 00:08:59,240 --> 00:09:02,600 Speaker 2: headline I got oil sores twenty five percent, which is 142 00:09:02,600 --> 00:09:05,520 Speaker 2: not what it did as we saw on those numbers 143 00:09:05,800 --> 00:09:11,920 Speaker 2: soared one percent from last Friday. Absolutely amazing. Now, as 144 00:09:11,920 --> 00:09:14,280 Speaker 2: far as the jobs report, we got to get into 145 00:09:14,320 --> 00:09:16,520 Speaker 2: that and we'll be talking about that coming up. I'm 146 00:09:16,600 --> 00:09:23,439 Speaker 2: Kevin Gordon, America's struck In Network seven hundred WLW. I need. 147 00:09:23,440 --> 00:09:26,800 Speaker 1: This is the racing report on America's Drugging Network on 148 00:09:26,960 --> 00:09:28,520 Speaker 1: seven hundred WLW. 149 00:09:29,160 --> 00:09:31,800 Speaker 3: Quite a racing weekend. Ryan Blaney took the checker flag 150 00:09:31,840 --> 00:09:34,679 Speaker 3: in the NASCAR Cup Series event in Phoenix Raceway. It's 151 00:09:34,720 --> 00:09:37,200 Speaker 3: Blaney's first win of twenty twenty six, as second at 152 00:09:37,200 --> 00:09:40,520 Speaker 3: Phoenix and the eighteenth of his career. Blaney's victory wrapped 153 00:09:40,559 --> 00:09:43,080 Speaker 3: up at Penske Sweep in the Desert as Joseph Neugarten 154 00:09:43,120 --> 00:09:46,680 Speaker 3: drove to victory Satin Saturday in the IndyCar Race, also 155 00:09:46,960 --> 00:09:50,760 Speaker 3: at Phoenix Raceway. Justin Algeier wins the O'Reilly Auto Parts 156 00:09:50,800 --> 00:09:54,200 Speaker 3: Series race, also held at Phoenix. George Russell and Nico 157 00:09:54,320 --> 00:09:57,560 Speaker 3: Antonelli went one two for Mercedes at the season opening 158 00:09:57,760 --> 00:10:00,280 Speaker 3: Australian Grand Prix to kick off the twenty two twenty 159 00:10:00,280 --> 00:10:03,760 Speaker 3: six Formula One season Josh Hart won in his debut 160 00:10:03,800 --> 00:10:07,280 Speaker 3: with John Force Racing and Gainesville Raceway, taking down reigning 161 00:10:07,360 --> 00:10:10,319 Speaker 3: Top Fuel World champion Doug Kalita in the final round 162 00:10:10,400 --> 00:10:14,079 Speaker 3: at the Amie motor Oil NHRA Gator Nationals to begin 163 00:10:14,320 --> 00:10:18,560 Speaker 3: the NHRA seventy fifth anniversary season. Chad Green and Funny Carr, 164 00:10:18,679 --> 00:10:22,680 Speaker 3: Matt Harford and Pro Stock, and Richard Gadson and Pro 165 00:10:22,720 --> 00:10:26,440 Speaker 3: Stock Motorcycle also won in front of a capacity crowd 166 00:10:26,720 --> 00:10:29,400 Speaker 3: at the first of twenty races this season in the 167 00:10:29,520 --> 00:10:31,600 Speaker 3: NHR need. 168 00:10:31,679 --> 00:10:35,040 Speaker 1: This is the racing report on America's Trucking Network on 169 00:10:35,200 --> 00:10:41,120 Speaker 1: seven hundred WLW, Say Dennis A reporting for a t N. 170 00:10:41,640 --> 00:10:46,360 Speaker 2: Seven hundred WLW Hayson Santa's former Bengal Pro Football Hall 171 00:10:46,400 --> 00:10:48,880 Speaker 2: of Famer Anthony Munoz. Did you know that over eighty 172 00:10:48,920 --> 00:10:57,040 Speaker 2: per I'm Kevin Gordon, Americastrucking Network, seven hundred WLW Friday, 173 00:10:57,160 --> 00:11:00,560 Speaker 2: we got this jobs report, and of course the people, 174 00:11:01,160 --> 00:11:06,319 Speaker 2: you know, it's almost like the spoon fed regurgitators in 175 00:11:06,400 --> 00:11:11,080 Speaker 2: the mainstream media is cheering against the United States. They 176 00:11:11,120 --> 00:11:17,480 Speaker 2: don't want their Trump derangement syndrome is so high that 177 00:11:17,520 --> 00:11:21,000 Speaker 2: they would like to see the country fail. I remember 178 00:11:21,120 --> 00:11:26,840 Speaker 2: back in the day when Barack Obama was elected, and 179 00:11:26,960 --> 00:11:30,440 Speaker 2: Rush Limbaugh was on the air and he said it 180 00:11:30,520 --> 00:11:33,240 Speaker 2: made the phrase, I don't know the exact quote, but 181 00:11:33,360 --> 00:11:37,800 Speaker 2: with something along the lines of if the programs that 182 00:11:38,000 --> 00:11:42,439 Speaker 2: Barack Obama wants to institute into this country, which are 183 00:11:42,520 --> 00:11:46,520 Speaker 2: more of a Marxist socialist type of an agenda, I 184 00:11:46,720 --> 00:11:50,920 Speaker 2: hope he fails. What they took out of that, we 185 00:11:51,040 --> 00:11:55,160 Speaker 2: hope Obama fails. And for the next three weeks all 186 00:11:55,200 --> 00:11:59,280 Speaker 2: we heard was Rush Limbaugh talking down the economy, talking down, 187 00:11:59,559 --> 00:12:03,520 Speaker 2: wants the US to fail, wants the presidency to fail. 188 00:12:03,880 --> 00:12:05,880 Speaker 2: And every day he would come out there and say, 189 00:12:05,920 --> 00:12:08,160 Speaker 2: here's the quote, here's what I said the other day, 190 00:12:08,200 --> 00:12:09,840 Speaker 2: here's what I said two days ago, here's what I 191 00:12:09,840 --> 00:12:12,440 Speaker 2: said three days ago, and played the clip, and it 192 00:12:12,480 --> 00:12:15,600 Speaker 2: boiled down to that if you are a conservative and 193 00:12:15,720 --> 00:12:18,480 Speaker 2: you want the economy to go or you want the 194 00:12:18,520 --> 00:12:21,800 Speaker 2: country to go in a conservative way, and somebody is 195 00:12:21,840 --> 00:12:25,160 Speaker 2: trying to pull that towards Marxism, of course you want 196 00:12:25,240 --> 00:12:28,600 Speaker 2: them to fail. But in this case, this is a 197 00:12:28,640 --> 00:12:33,439 Speaker 2: situation where people know we're trying to get illegal immigration 198 00:12:33,600 --> 00:12:37,679 Speaker 2: under control, control our borders. If you don't have borders. 199 00:12:37,679 --> 00:12:40,400 Speaker 2: You don't have a country trying to make sure that 200 00:12:40,840 --> 00:12:44,280 Speaker 2: the economic numbers are correct, that we make sure that 201 00:12:44,600 --> 00:12:48,080 Speaker 2: we build jobs, we create jobs, that we have a 202 00:12:48,200 --> 00:12:52,160 Speaker 2: building economy, that we have manufacturing jobs, and even the 203 00:12:52,200 --> 00:12:55,600 Speaker 2: playing field as far as tariffs are concerned. All these 204 00:12:55,640 --> 00:12:59,400 Speaker 2: things that are for the good of America. And every 205 00:12:59,520 --> 00:13:03,120 Speaker 2: time around the corner the spoon federcgurgitators in the mainstream 206 00:13:03,160 --> 00:13:05,679 Speaker 2: media are trying to talk it down. They are purposely 207 00:13:05,840 --> 00:13:09,960 Speaker 2: during the Liberation Day back on April to twond last year, 208 00:13:10,400 --> 00:13:12,920 Speaker 2: they started talking about there's going to be a recession, 209 00:13:13,679 --> 00:13:15,839 Speaker 2: there's going to be rampant inflation, there's going to be 210 00:13:15,880 --> 00:13:18,240 Speaker 2: all these things, that the economy is going to fail, 211 00:13:18,280 --> 00:13:20,880 Speaker 2: and they were cheering it on. And they still try 212 00:13:20,880 --> 00:13:23,880 Speaker 2: to cheer it on. Where are the people calling on them, 213 00:13:24,160 --> 00:13:27,240 Speaker 2: Where are the people chastising them? You want the country 214 00:13:27,280 --> 00:13:31,000 Speaker 2: to fail. You think it's appropriate that people suffer, because 215 00:13:31,040 --> 00:13:33,880 Speaker 2: if the economy fails, if the country fails, people are 216 00:13:33,880 --> 00:13:35,880 Speaker 2: going to suffer. And that's what you want, that's what 217 00:13:35,920 --> 00:13:40,439 Speaker 2: you're pushing for. Absolutely amazing. Anyway, this Job's report on Friday, 218 00:13:41,520 --> 00:13:45,360 Speaker 2: US economy lost jobs in February, a month marred by 219 00:13:45,480 --> 00:13:47,920 Speaker 2: and they say it right in the beginning, right off 220 00:13:47,960 --> 00:13:49,839 Speaker 2: the bat. Well, here was the headline. I'll just get 221 00:13:49,840 --> 00:13:52,599 Speaker 2: to the headline. Let me say the headline, US payrolls 222 00:13:52,760 --> 00:13:57,640 Speaker 2: unexpectedly fell by ninety two thousand in February. Unemployment rate 223 00:13:57,840 --> 00:14:01,960 Speaker 2: rises to four point four. Now, in their opening paragraph, 224 00:14:02,000 --> 00:14:06,320 Speaker 2: the US economy lost jobs in February, a month marred 225 00:14:06,559 --> 00:14:10,440 Speaker 2: by severe winter weather and a strike at a major 226 00:14:10,520 --> 00:14:14,400 Speaker 2: healthcare provider. The Bureau of Labor Statistics reported on Friday, 227 00:14:15,400 --> 00:14:18,439 Speaker 2: Well that would have been that's a far different description 228 00:14:18,679 --> 00:14:22,320 Speaker 2: and a headline that, oh, the economy lost ninety two 229 00:14:22,400 --> 00:14:26,320 Speaker 2: thousand jobs. Okay, I keep stressing the fact younger people, 230 00:14:26,480 --> 00:14:31,200 Speaker 2: actually people almost everybody I know. I get calls all 231 00:14:31,240 --> 00:14:32,920 Speaker 2: the time and say, well did you see this headline? 232 00:14:32,920 --> 00:14:36,160 Speaker 2: Did I see this? And I'm like, dude, did you 233 00:14:36,200 --> 00:14:38,600 Speaker 2: read the story? Oh no, I just saw the headline. 234 00:14:38,640 --> 00:14:41,320 Speaker 2: I just thought i'd call you, well, come on, you know, 235 00:14:43,080 --> 00:14:47,360 Speaker 2: expend a little bit effort please. But every time they 236 00:14:47,400 --> 00:14:50,720 Speaker 2: see these headlines, people, that's what's influencing them in terms 237 00:14:50,720 --> 00:14:56,080 Speaker 2: of the consumer confidence, consumer expectations, all these types of things. 238 00:14:56,320 --> 00:14:59,840 Speaker 2: That's why Rick Santelli a couple months ago, looking at 239 00:14:59,840 --> 00:15:02,920 Speaker 2: the jobs report at that point in time, said, you know, 240 00:15:03,040 --> 00:15:06,480 Speaker 2: as to these consumer confidence surveys, you can shovel all 241 00:15:06,480 --> 00:15:09,800 Speaker 2: of them into the ash can because the spoot they 242 00:15:10,040 --> 00:15:13,600 Speaker 2: as he called them, the mainstream media are poisoning the well. 243 00:15:14,800 --> 00:15:18,320 Speaker 2: So polluting the well. I'm sorry, polluting the well. Poisoning 244 00:15:18,520 --> 00:15:21,760 Speaker 2: is a different phrase, but anyway, polluting the well. So 245 00:15:22,200 --> 00:15:25,080 Speaker 2: he is a cognizant of that. So, getting back to 246 00:15:25,120 --> 00:15:28,080 Speaker 2: the story, non farm payrolls fell by ninety two thousand 247 00:15:28,160 --> 00:15:32,400 Speaker 2: for the month compared to the estimate for fifty thousand increase, 248 00:15:32,920 --> 00:15:35,480 Speaker 2: which means that they were off in their estimates by 249 00:15:35,480 --> 00:15:39,400 Speaker 2: two hundred and eighty four percent. Below the downwardly revised 250 00:15:39,520 --> 00:15:43,760 Speaker 2: January total of one hundred and twenty six thousand. Now 251 00:15:44,520 --> 00:15:46,960 Speaker 2: they just leave that headline, they leave that story, They 252 00:15:47,040 --> 00:15:52,000 Speaker 2: leave that line in there below the downwardly revised January 253 00:15:52,040 --> 00:15:55,240 Speaker 2: total of one hundred and twenty six thousand jobs. You 254 00:15:55,280 --> 00:15:58,840 Speaker 2: know how far that number was revised. It was revised 255 00:15:58,880 --> 00:16:01,880 Speaker 2: down from one hundred and thirty thousand to one hundred 256 00:16:01,880 --> 00:16:06,400 Speaker 2: and twenty six by four thousand. That isn't even what 257 00:16:06,560 --> 00:16:09,200 Speaker 2: is it about two percent? Three percent of the number 258 00:16:09,200 --> 00:16:11,480 Speaker 2: that was reported, but they throw this in there as 259 00:16:11,480 --> 00:16:15,200 Speaker 2: if it was some major revision. February mark the third 260 00:16:15,240 --> 00:16:18,280 Speaker 2: time in the past five months of payrolls decline following 261 00:16:18,320 --> 00:16:22,600 Speaker 2: a sharp revision showing a drop of seventeen thousand in December. 262 00:16:23,480 --> 00:16:27,480 Speaker 2: Now they go through, there's graphs and all this sort 263 00:16:27,480 --> 00:16:31,240 Speaker 2: of stuff. At the same time, unemployment rate edged higher 264 00:16:31,280 --> 00:16:35,520 Speaker 2: to four point four percent as jobs declined across key areas. 265 00:16:36,120 --> 00:16:40,920 Speaker 2: A broader measure of unemployment that includes discouraged workers and 266 00:16:41,000 --> 00:16:45,960 Speaker 2: those holding part time positions for economic reasons, moved lower 267 00:16:46,040 --> 00:16:50,320 Speaker 2: to seven point nine percent, or point two percent point 268 00:16:50,360 --> 00:16:55,960 Speaker 2: below the January level. Now this is confusing to me 269 00:16:57,360 --> 00:17:00,880 Speaker 2: if you state that unemployment rate, and as you recall, 270 00:17:01,000 --> 00:17:03,280 Speaker 2: back in December, when they weren't getting numbers because of 271 00:17:03,320 --> 00:17:07,920 Speaker 2: the Schumer's shut down, they were artificially saying that unemployment 272 00:17:08,000 --> 00:17:10,400 Speaker 2: was up to four point six percent when it had 273 00:17:10,440 --> 00:17:13,719 Speaker 2: already been back in November at four point two percent. 274 00:17:14,280 --> 00:17:16,879 Speaker 2: So then they said, oh, it's more like four point 275 00:17:16,920 --> 00:17:19,199 Speaker 2: six percent. Then when the numbers came in, it was 276 00:17:19,240 --> 00:17:21,440 Speaker 2: actually four point four percent and then dropped to four 277 00:17:21,440 --> 00:17:24,000 Speaker 2: point three percent. And I thought this one would have 278 00:17:24,040 --> 00:17:26,880 Speaker 2: reduced down to four point two percent, but instead they're 279 00:17:26,880 --> 00:17:30,600 Speaker 2: saying it's back up to four point four. Now, if 280 00:17:30,640 --> 00:17:35,400 Speaker 2: you've got people and they talk about and we've talked 281 00:17:35,400 --> 00:17:38,919 Speaker 2: about that on this program several times, that they hidden 282 00:17:39,000 --> 00:17:42,920 Speaker 2: factor as far as unemployment is concerned. You know, all 283 00:17:42,960 --> 00:17:46,600 Speaker 2: you can gauge unemployment by is by the people collecting 284 00:17:47,000 --> 00:17:52,119 Speaker 2: unemployment insurance. Once those once those funds run out and 285 00:17:52,200 --> 00:17:56,919 Speaker 2: you don't get the benefits anymore, you're not counted. Also, 286 00:17:57,119 --> 00:18:00,080 Speaker 2: people that have given up, that have stopped looking for 287 00:18:00,240 --> 00:18:04,719 Speaker 2: jobs due to whatever reason, and those that are taking 288 00:18:04,800 --> 00:18:08,000 Speaker 2: part time jobs. You add those up, and that is 289 00:18:08,080 --> 00:18:12,280 Speaker 2: the true unemployment number. And we've mentioned that number before. 290 00:18:13,520 --> 00:18:17,760 Speaker 2: How can you have unemployment the base number go up 291 00:18:18,520 --> 00:18:23,160 Speaker 2: when that number including everybody that stopped looking for work 292 00:18:23,560 --> 00:18:27,480 Speaker 2: or people that have run out of their benefits. How 293 00:18:27,640 --> 00:18:32,280 Speaker 2: is if that number declines, wouldn't you think the base 294 00:18:32,520 --> 00:18:35,200 Speaker 2: unemployment number would reduce. 295 00:18:36,880 --> 00:18:36,920 Speaker 4: It? 296 00:18:37,119 --> 00:18:41,520 Speaker 2: Just again digging into these stories and reading between the 297 00:18:41,560 --> 00:18:44,240 Speaker 2: lines and seeing what they're saying, a lot of this 298 00:18:44,280 --> 00:18:47,840 Speaker 2: stuff doesn't make sense and they don't explain it. That's 299 00:18:47,880 --> 00:18:50,360 Speaker 2: why I bring it up so that when these numbers 300 00:18:50,600 --> 00:18:55,080 Speaker 2: next month come out and they're revised differently, and they 301 00:18:55,119 --> 00:18:58,080 Speaker 2: say Oops, we made a mistake. But in the process 302 00:18:58,320 --> 00:19:00,800 Speaker 2: they've put the bad idea in people head to the 303 00:19:00,840 --> 00:19:03,920 Speaker 2: point where they think something's going wrong. At the same time, 304 00:19:04,040 --> 00:19:06,720 Speaker 2: unemployment rate edge hired a four point four. We already 305 00:19:06,920 --> 00:19:13,359 Speaker 2: cover that. Particularly now healthcare and primary healthcare the primary 306 00:19:13,480 --> 00:19:16,960 Speaker 2: growth driver in payrolls for at least for the last 307 00:19:17,160 --> 00:19:20,080 Speaker 2: for at least the past year saw a loss of 308 00:19:20,119 --> 00:19:24,920 Speaker 2: twenty eight thousand jobs. Wow, twenty eight thousand jobs. That's 309 00:19:24,960 --> 00:19:29,960 Speaker 2: a lot of jobs. However, due largely to a strike 310 00:19:30,080 --> 00:19:37,479 Speaker 2: at Kaiser Permanente, that sideline more than thirty thousand people. 311 00:19:38,359 --> 00:19:42,760 Speaker 2: So three thirty thousand people go on strike and the 312 00:19:42,880 --> 00:19:47,120 Speaker 2: unemployment number for that group goes up twenty eight thousand. Gee, 313 00:19:47,119 --> 00:19:49,560 Speaker 2: do you think the two were kind of related people 314 00:19:49,600 --> 00:19:52,159 Speaker 2: that are on strike that that number goes up by 315 00:19:52,160 --> 00:19:55,239 Speaker 2: almost thirty thousand matches the number of people that are 316 00:19:55,280 --> 00:19:58,439 Speaker 2: on strike. That should be kind of a footnote, so 317 00:19:58,560 --> 00:20:01,960 Speaker 2: to speak, or highlight light, or kind of an addendum 318 00:20:02,080 --> 00:20:05,280 Speaker 2: or an explanation. But no, they have to bury this 319 00:20:05,400 --> 00:20:10,119 Speaker 2: five or six paragraphs down the story. Though the strike 320 00:20:10,200 --> 00:20:14,879 Speaker 2: has since been resolved. It occurred during the BLS survey 321 00:20:14,960 --> 00:20:20,200 Speaker 2: week while the job's picture was weak, wages rose more 322 00:20:20,240 --> 00:20:24,080 Speaker 2: than expected. Of course, you would think that that might 323 00:20:24,160 --> 00:20:27,960 Speaker 2: be part of the headline, wouldn't you think, because that's 324 00:20:28,000 --> 00:20:30,520 Speaker 2: good for the American economy, that's good for the people. 325 00:20:31,080 --> 00:20:34,679 Speaker 2: While the job's picture was weak, wages rose more than expected. 326 00:20:35,160 --> 00:20:39,240 Speaker 2: Average hourly earnings increased point four percent for the month 327 00:20:39,720 --> 00:20:43,359 Speaker 2: and three point eight percent from a year ago, both 328 00:20:43,600 --> 00:20:48,639 Speaker 2: of point percent higher than the above forecast. Now to 329 00:20:48,680 --> 00:20:53,280 Speaker 2: get into some really craziness here, Mary Daily, who is 330 00:20:53,840 --> 00:20:57,680 Speaker 2: the president of the Federal Reserve Bank of San Francisco, 331 00:20:58,359 --> 00:21:02,880 Speaker 2: told CNBC, I think it just tells us that the 332 00:21:02,920 --> 00:21:07,359 Speaker 2: hopes that the labor market was steadying, maybe that was 333 00:21:07,520 --> 00:21:11,840 Speaker 2: too much. In other words, Lion Jerry Powell saying at 334 00:21:11,880 --> 00:21:15,800 Speaker 2: the last FED meeting and in his minutes afterwards, said 335 00:21:15,800 --> 00:21:19,200 Speaker 2: that the job market is steady, that it looks pretty good. 336 00:21:19,640 --> 00:21:22,800 Speaker 2: A lot of economists with the unemployment numbers and then 337 00:21:23,000 --> 00:21:28,120 Speaker 2: the January numbers coming out, as far as the employment numbers, 338 00:21:28,520 --> 00:21:33,040 Speaker 2: the private not only private sector, but then non foreign 339 00:21:33,119 --> 00:21:36,600 Speaker 2: payrolls were up. They said, this is a clear indication 340 00:21:37,040 --> 00:21:40,479 Speaker 2: that the job market is steady. Now, all of a sudden, 341 00:21:40,600 --> 00:21:43,320 Speaker 2: she says, I think it just tells us that the 342 00:21:43,359 --> 00:21:47,119 Speaker 2: hopes that the labor market was steadying. Maybe that was 343 00:21:47,280 --> 00:21:51,479 Speaker 2: too much. We also have inflation printing above target and 344 00:21:51,520 --> 00:21:55,160 Speaker 2: oil prices rising. How long they last we don't know, 345 00:21:55,440 --> 00:21:57,719 Speaker 2: but both of our goals are at risk now and 346 00:21:57,760 --> 00:22:00,679 Speaker 2: we have to keep our eye on the ball. Okay, 347 00:22:01,480 --> 00:22:05,880 Speaker 2: hold on to that thought, please. Information Service. They break 348 00:22:05,920 --> 00:22:09,919 Speaker 2: down the sectors that lost jobs. Information sector. Information services, 349 00:22:10,080 --> 00:22:14,199 Speaker 2: a sector hit by artificial intelligence, cut eleven thousand jobs, 350 00:22:14,440 --> 00:22:18,359 Speaker 2: part of a twelve month trend. Manufacturing saw jobs down 351 00:22:18,440 --> 00:22:22,800 Speaker 2: about to have been down by twelve twelve thousand. We 352 00:22:22,920 --> 00:22:25,640 Speaker 2: got to pick this up. We're up against a break here. 353 00:22:25,840 --> 00:22:32,520 Speaker 2: I'm Kevin Gordon, America's Trucking Network seven hundred WLW. 354 00:22:30,640 --> 00:22:37,600 Speaker 5: News Traffic and Weather News Radio seven hundred WLW Cincinnati. 355 00:22:37,960 --> 00:22:41,919 Speaker 6: A major change could be coming the Cincinnati's Development office. Well, 356 00:22:41,920 --> 00:22:45,280 Speaker 6: if you're twelve thirty reports, I'm Lee Mawan breaking now. 357 00:22:46,000 --> 00:22:50,000 Speaker 6: Cincinnati City Manager Cheryl Long's performance review was released yesterday, 358 00:22:50,240 --> 00:22:52,600 Speaker 6: but it was also discovered she's planning on a major 359 00:22:52,680 --> 00:22:55,600 Speaker 6: shift to city offices. She wants to shut down the 360 00:22:55,640 --> 00:22:59,359 Speaker 6: Department of Community and Economic Development and resign those core 361 00:22:59,480 --> 00:23:03,040 Speaker 6: functions for two new departments, the Department of Opportunity and 362 00:23:03,119 --> 00:23:07,200 Speaker 6: Residence Services and the Office of Strategic Growth. The thirty 363 00:23:07,200 --> 00:23:11,880 Speaker 6: five employees at DCEED would need to reapply for their jobs, However, 364 00:23:11,960 --> 00:23:15,680 Speaker 6: most are expected to get them back. Current DCEAST D 365 00:23:16,040 --> 00:23:19,199 Speaker 6: Deputy Director Brandon Rudd will lead the Growth Office as 366 00:23:19,240 --> 00:23:23,520 Speaker 6: the interim Marquella Carter, the leader at DCEED, would take 367 00:23:23,520 --> 00:23:27,080 Speaker 6: over as the Opportunity and Residence Service Office leader. These 368 00:23:27,080 --> 00:23:29,520 Speaker 6: plans still need ironed out by city Council. 369 00:23:30,080 --> 00:23:33,280 Speaker 5: Now the latest forecast from the Train Heating and Cooling 370 00:23:33,280 --> 00:23:36,840 Speaker 5: Weather Center on news radio seven hundred wl W. 371 00:23:37,040 --> 00:23:39,800 Speaker 4: Heading for day great Tuesday, it's clouding up. We'll see 372 00:23:39,800 --> 00:23:42,720 Speaker 4: a morning low of fifty eight. Now for our Tuesday, 373 00:23:42,760 --> 00:23:46,080 Speaker 4: it's mostly cloudy, a chance of showers, high as seventy 374 00:23:46,119 --> 00:23:48,920 Speaker 4: four at night, cloudy, a chance of rain late and 375 00:23:49,000 --> 00:23:51,800 Speaker 4: a low down to sixty two. Premier Severe Weather Station, 376 00:23:52,200 --> 00:23:56,960 Speaker 4: I'm nine First Warning Chief Meteorologist Steve Rawley, News Radio 377 00:23:57,080 --> 00:23:58,840 Speaker 4: seven hundred WLW. 378 00:23:59,200 --> 00:24:02,000 Speaker 6: Looks good on the We're at sixty two degrees. A 379 00:24:02,080 --> 00:24:05,439 Speaker 6: former Wilbington High School JV assistant coach pleads guilty to 380 00:24:05,480 --> 00:24:09,560 Speaker 6: secretly recording teenagers. Gordon Cordell was arrested in August, he 381 00:24:09,640 --> 00:24:13,360 Speaker 6: pled guilty to thirteen counts of twenty one of voyeurism 382 00:24:13,480 --> 00:24:17,440 Speaker 6: involving multiple miners. Court documents claimed he hit a bluetooth 383 00:24:17,440 --> 00:24:20,280 Speaker 6: speaker camera with a charger. None of these were found 384 00:24:20,359 --> 00:24:23,920 Speaker 6: on school grounds. Cordell will be sentenced May eighth. Your 385 00:24:23,960 --> 00:24:26,760 Speaker 6: next update is at one o'clock with breaking news anytime. 386 00:24:27,160 --> 00:24:31,359 Speaker 6: I'mley Mawen News Radio seven hundred WLW Welcome to tire discounters. 387 00:24:31,440 --> 00:24:32,440 Speaker 2: Oh Hi, a fantom Mike. 388 00:24:32,560 --> 00:24:34,760 Speaker 4: You may be in big trouble with Chipwoy the owner 389 00:24:34,880 --> 00:24:37,320 Speaker 4: free oil changes a lug with alignment on any four 390 00:24:37,359 --> 00:24:37,719 Speaker 4: tire per. 391 00:24:42,440 --> 00:24:44,760 Speaker 7: Here's your trucking forecast for the Try State and the 392 00:24:44,760 --> 00:24:47,160 Speaker 7: rest of the country and the Try State. Over nightclouds 393 00:24:47,200 --> 00:24:50,080 Speaker 7: increase the low only down to sixty slight chance of 394 00:24:50,240 --> 00:24:53,560 Speaker 7: morning rain Tuesday, gradually becoming mostly sunny a high of 395 00:24:53,600 --> 00:24:57,720 Speaker 7: seventy six, rain impossible storms Wednesday hies into the upper seventies, 396 00:24:57,840 --> 00:25:02,639 Speaker 7: mostly sunny but colder Thursday fifty. Nationally, widespread showers and 397 00:25:02,680 --> 00:25:05,480 Speaker 7: storms bring a severe weather risk along with possible flesh 398 00:25:05,560 --> 00:25:07,879 Speaker 7: flooding across the Midwest as well as the central and 399 00:25:07,920 --> 00:25:10,960 Speaker 7: southern plains. Tuesday, lower elevation and coastal rain, with heavy 400 00:25:11,000 --> 00:25:13,320 Speaker 7: snow in the mountains continuing in the Pacific Northwest and 401 00:25:13,400 --> 00:25:16,680 Speaker 7: northern Rockies. Meanwhile, well above average temperature seen across much 402 00:25:16,680 --> 00:25:19,520 Speaker 7: of the US, continuing during the first half of the week, 403 00:25:19,800 --> 00:25:39,280 Speaker 7: bringing possible record tying or breaking highs. 404 00:25:30,640 --> 00:25:35,200 Speaker 2: Seven hundred WLW. I'm Kevin Gordon. This is America's Trucking Network. 405 00:25:35,480 --> 00:25:38,680 Speaker 2: America's Trucking Network supports the mission of Reese Across America. 406 00:25:38,880 --> 00:25:41,480 Speaker 2: You can hear us every truck and Tuesday at five 407 00:25:41,520 --> 00:25:45,680 Speaker 2: am and ten am Eastern on Reese Across America Radio, 408 00:25:45,760 --> 00:25:49,760 Speaker 2: available on the iHeartRadio app. Search the word Rease. Now 409 00:25:49,840 --> 00:25:56,040 Speaker 2: that's wr eats for Reese Across America Radio. And thank 410 00:25:56,080 --> 00:25:58,679 Speaker 2: you to all our truckers for supporting the mission of 411 00:25:58,920 --> 00:26:03,200 Speaker 2: Reefs across America. We're talking about this February jobs number, 412 00:26:03,840 --> 00:26:06,600 Speaker 2: and I want to go back and well, well, I'm 413 00:26:06,600 --> 00:26:09,240 Speaker 2: going to go forward here and talk about the sectors, 414 00:26:09,280 --> 00:26:13,160 Speaker 2: the various sectors that have lost jobs during that particular month. 415 00:26:13,359 --> 00:26:16,040 Speaker 2: We talked about manufacturing saw a loss of twelve thousand. 416 00:26:16,480 --> 00:26:20,160 Speaker 2: Federal government fell by ten thousand. Over the last year, 417 00:26:20,200 --> 00:26:22,960 Speaker 2: they have lost over three hundred and thirty thousand jobs, 418 00:26:23,160 --> 00:26:26,080 Speaker 2: which is three hundred and thirty thousand less people that 419 00:26:26,160 --> 00:26:27,920 Speaker 2: are going to be pulling out money out of our 420 00:26:27,960 --> 00:26:30,600 Speaker 2: pockets in order to pay for their salaries and wages. 421 00:26:31,000 --> 00:26:33,480 Speaker 2: And again because a lot of the stuff that they 422 00:26:33,520 --> 00:26:36,200 Speaker 2: do have to do with regulation whatever that basically makes 423 00:26:36,200 --> 00:26:40,439 Speaker 2: our lives miserable having that. And again, once in a 424 00:26:40,480 --> 00:26:43,359 Speaker 2: while you see this in major corporations. You see this 425 00:26:43,480 --> 00:26:46,440 Speaker 2: in every facet of life. When you're looking at your 426 00:26:46,440 --> 00:26:48,960 Speaker 2: family budget, when you're trying to figure out certain things 427 00:26:48,960 --> 00:26:51,800 Speaker 2: as far as your budget is concerned, and you get 428 00:26:51,800 --> 00:26:53,720 Speaker 2: in a habit of doing things. You see these commercial 429 00:26:53,720 --> 00:26:55,520 Speaker 2: by the way, you see these commercials all the time 430 00:26:55,560 --> 00:26:57,080 Speaker 2: where they go with to somebody and say, do you 431 00:26:57,160 --> 00:26:59,560 Speaker 2: know how many subscriptions you have? This all? I maybe 432 00:26:59,560 --> 00:27:01,800 Speaker 2: have three? And they say, well, you mind if I 433 00:27:01,840 --> 00:27:03,639 Speaker 2: look at your phone and they find out they have 434 00:27:03,760 --> 00:27:07,480 Speaker 2: like eight or so subscriptions that are costing them over 435 00:27:07,520 --> 00:27:10,280 Speaker 2: two hundred dollars a month. They wow, that's crazy, and 436 00:27:10,359 --> 00:27:13,520 Speaker 2: they show them this app that'll clean that up. Sometimes. 437 00:27:13,520 --> 00:27:15,480 Speaker 2: You know, you look at your budget sometimes and you 438 00:27:15,520 --> 00:27:18,480 Speaker 2: get used to certain things and spending certain things, and 439 00:27:18,520 --> 00:27:19,960 Speaker 2: once in a while you take a look at that 440 00:27:20,000 --> 00:27:22,360 Speaker 2: and say why are we what are we why are 441 00:27:22,359 --> 00:27:25,600 Speaker 2: we buying? What are we paying this for? And you say, well, okay, 442 00:27:25,680 --> 00:27:27,720 Speaker 2: let's eliminate that because we really don't need it, we 443 00:27:27,760 --> 00:27:29,879 Speaker 2: don't miss it, and all this sort of stuff. And 444 00:27:30,119 --> 00:27:33,040 Speaker 2: everybody has to do that once in a while, looking 445 00:27:33,080 --> 00:27:36,080 Speaker 2: at well, whatever it is, you look at your family 446 00:27:36,119 --> 00:27:38,320 Speaker 2: budget and you say, we don't need this particular thing. 447 00:27:38,400 --> 00:27:41,520 Speaker 2: We can get by without doing this, so let's go 448 00:27:41,520 --> 00:27:45,320 Speaker 2: ahead and do it. So anyway, again, the federal government 449 00:27:45,359 --> 00:27:47,000 Speaker 2: once in a while needs to take a look at 450 00:27:47,040 --> 00:27:50,520 Speaker 2: how many people they have been employing. Because remember during 451 00:27:50,560 --> 00:27:54,480 Speaker 2: the Biden administration, when we're doing the job's numbers and 452 00:27:54,560 --> 00:27:59,040 Speaker 2: the job increases on a monthly basis, those numbers in 453 00:27:59,080 --> 00:28:02,520 Speaker 2: the well wasn't just the federal government, but government jobs. 454 00:28:02,560 --> 00:28:06,240 Speaker 2: That means the city, county, state, federal level, we're adding 455 00:28:06,280 --> 00:28:10,280 Speaker 2: somewhere anywhere between thirty to fifty some thousand jobs a 456 00:28:10,520 --> 00:28:16,199 Speaker 2: month per month, which is more tax money that's going 457 00:28:16,280 --> 00:28:18,479 Speaker 2: to have to come out of your pocket, my pocket 458 00:28:18,520 --> 00:28:21,520 Speaker 2: in order to pay these salaries. And so the fact 459 00:28:21,520 --> 00:28:25,440 Speaker 2: that that trend has been coming down so that we're 460 00:28:25,480 --> 00:28:28,720 Speaker 2: not hiring as many, in fact, people are being laid 461 00:28:28,720 --> 00:28:31,159 Speaker 2: off because they look at the number of services that 462 00:28:31,200 --> 00:28:33,639 Speaker 2: are being done and they can get by with fewer. 463 00:28:33,960 --> 00:28:37,280 Speaker 2: That's a good thing. Some of the numbers in here, 464 00:28:38,160 --> 00:28:42,160 Speaker 2: let's see transportational warehousing saw a reduction of eleven thousand, 465 00:28:42,560 --> 00:28:47,080 Speaker 2: construction industry lost eleven thousand. Long term we see social 466 00:28:47,120 --> 00:28:50,000 Speaker 2: assistance was one of the few sectors they were up 467 00:28:50,200 --> 00:28:55,480 Speaker 2: nine thousand. Long term unemployment also surged higher, with the 468 00:28:55,600 --> 00:29:02,240 Speaker 2: average duration of unemployment at twenty five point seven weeks. Now, 469 00:29:02,280 --> 00:29:05,160 Speaker 2: the interesting thing in here is how can you what 470 00:29:05,480 --> 00:29:09,040 Speaker 2: is a surge because they don't explain what the prior 471 00:29:09,160 --> 00:29:12,520 Speaker 2: month was. They don't explain that, well, it's surged two 472 00:29:12,800 --> 00:29:17,720 Speaker 2: twenty five point seven weeks up from another number, which 473 00:29:17,760 --> 00:29:19,840 Speaker 2: means that to get that number, we're gonna have to 474 00:29:19,920 --> 00:29:22,680 Speaker 2: go back and search what that is. And so again 475 00:29:22,840 --> 00:29:26,920 Speaker 2: I don't understand this. Now, remember the previous segment. And 476 00:29:26,960 --> 00:29:29,240 Speaker 2: by the way, if you missed any of our previous segments, 477 00:29:29,280 --> 00:29:31,000 Speaker 2: you miss any of our shows, make sure you hit 478 00:29:31,080 --> 00:29:33,960 Speaker 2: up that iHeartRadio app brought to you Buyer Friends at 479 00:29:34,040 --> 00:29:37,880 Speaker 2: Rush Truck Centers. In the previous segment, I mentioned Mary Daily, 480 00:29:37,960 --> 00:29:41,400 Speaker 2: president of the Federal Reserve Bank of San Francisco said, 481 00:29:41,920 --> 00:29:46,200 Speaker 2: I think talking about the jobs numbers and the unexpectedly 482 00:29:46,320 --> 00:29:49,520 Speaker 2: low number, I think it just tells us that the 483 00:29:49,640 --> 00:29:54,120 Speaker 2: hopes that the labor market was steadying, maybe that was 484 00:29:54,240 --> 00:29:58,959 Speaker 2: too much. We also have inflation printing above target and 485 00:29:59,040 --> 00:30:02,240 Speaker 2: oil prices right how long they last, we don't know. 486 00:30:02,840 --> 00:30:07,040 Speaker 2: On the next page, she is quoted as saying daily 487 00:30:07,240 --> 00:30:12,600 Speaker 2: Caution that the labor market data has been volatile. A 488 00:30:12,720 --> 00:30:16,200 Speaker 2: quote from her, I don't think you can look through 489 00:30:16,240 --> 00:30:19,720 Speaker 2: this report, but I also don't think you should make 490 00:30:19,960 --> 00:30:23,120 Speaker 2: more of it than a one month of data. How 491 00:30:23,160 --> 00:30:26,880 Speaker 2: can you have it both ways? Either it's telling us 492 00:30:26,880 --> 00:30:29,520 Speaker 2: that we don't have a steady job market, that we 493 00:30:29,640 --> 00:30:34,080 Speaker 2: need to rethink what we were saying, or she's telling 494 00:30:34,160 --> 00:30:37,680 Speaker 2: us that it may just be a one month and 495 00:30:37,840 --> 00:30:41,160 Speaker 2: one off type of report. I don't think you can 496 00:30:41,280 --> 00:30:44,560 Speaker 2: look through this report, but I also don't think you 497 00:30:44,600 --> 00:30:49,600 Speaker 2: should make more of it than one month of data. 498 00:30:50,160 --> 00:30:52,360 Speaker 2: That is a far cry from saying we ought to 499 00:30:52,360 --> 00:30:55,600 Speaker 2: rethink whether the market is steady or not. And this 500 00:30:55,720 --> 00:30:59,320 Speaker 2: person is a president of the Federal Reserve Bank of 501 00:30:59,400 --> 00:31:03,160 Speaker 2: San Francis, And on one hand, she's saying something and 502 00:31:03,200 --> 00:31:08,240 Speaker 2: then contradicting herself on the other unbelievable. And again, you're 503 00:31:08,280 --> 00:31:11,520 Speaker 2: not going to get this from the spoon federalgurgitators in 504 00:31:11,560 --> 00:31:14,040 Speaker 2: the mainstream media. You're not going to get this from 505 00:31:14,080 --> 00:31:16,600 Speaker 2: a lot of different people. But that's why I dig 506 00:31:16,640 --> 00:31:19,920 Speaker 2: into these numbers. I dig into this because, again, as 507 00:31:20,000 --> 00:31:23,560 Speaker 2: I said, you are out there keeping the economy rolling, 508 00:31:23,680 --> 00:31:26,480 Speaker 2: You are out there carrying the load. You are out there, 509 00:31:26,600 --> 00:31:28,800 Speaker 2: you're seeing on a day to day basis, whether you're 510 00:31:28,800 --> 00:31:32,480 Speaker 2: carrying more loads, more job, more time on the road 511 00:31:32,640 --> 00:31:35,000 Speaker 2: than what you had in the previous month. But then 512 00:31:35,040 --> 00:31:38,000 Speaker 2: you're also hearing this economic news in the background from 513 00:31:38,000 --> 00:31:41,320 Speaker 2: the spoon federcgurgitators in the mainstream media, and it can't 514 00:31:41,360 --> 00:31:44,040 Speaker 2: help but create problems for you when you're thinking that 515 00:31:44,080 --> 00:31:46,400 Speaker 2: when you just hear the headlines that oh my god, 516 00:31:46,520 --> 00:31:49,000 Speaker 2: things are going bad, gee, I'm going to have the 517 00:31:49,040 --> 00:31:52,000 Speaker 2: same amount of volume. But when you see numbers like this, 518 00:31:52,160 --> 00:31:54,640 Speaker 2: when you have somebody talking about behind the numbers and 519 00:31:54,720 --> 00:31:57,600 Speaker 2: explaining that some of the stuff they're full of crap 520 00:31:57,680 --> 00:32:04,160 Speaker 2: on that, in my opinion, well, it makes my pinion 521 00:32:04,200 --> 00:32:06,479 Speaker 2: a little bit better because, as I said, when I 522 00:32:06,520 --> 00:32:09,920 Speaker 2: woke up on Friday morning and I saw this job numbers, 523 00:32:09,920 --> 00:32:12,440 Speaker 2: I was like, Holy cow. And then when I started 524 00:32:12,440 --> 00:32:15,880 Speaker 2: looking at the numbers and realizing that of that ninety 525 00:32:15,920 --> 00:32:18,520 Speaker 2: two thousand had been lost, that some of it was 526 00:32:18,600 --> 00:32:21,520 Speaker 2: due to severe weather, and at least thirty thousand of 527 00:32:21,560 --> 00:32:24,400 Speaker 2: it was because somebody was on strike. That should be 528 00:32:24,400 --> 00:32:26,520 Speaker 2: an asterisk, that should be an afterthought, that should be 529 00:32:26,560 --> 00:32:30,760 Speaker 2: a footnote and say that down ninety two thousand. But 530 00:32:31,080 --> 00:32:35,120 Speaker 2: let's take this in a consider consideration. We estimate that 531 00:32:35,360 --> 00:32:37,960 Speaker 2: X number was lost due to severe weather, X number 532 00:32:38,000 --> 00:32:40,520 Speaker 2: was lost due to people being on strike, and so 533 00:32:40,640 --> 00:32:42,920 Speaker 2: if you look at it overall, it's not too bad. 534 00:32:43,160 --> 00:32:45,080 Speaker 2: You have to have somebody go through the numbers and 535 00:32:46,240 --> 00:32:52,800 Speaker 2: explain that. Jeffrey's economist Thomas Simons called the February payroll 536 00:32:52,880 --> 00:32:56,960 Speaker 2: drop a quote, a perfect storm of temporary drags coming 537 00:32:56,960 --> 00:33:00,600 Speaker 2: together following an above trend print in January. In other words, 538 00:33:00,720 --> 00:33:03,920 Speaker 2: he had great news in January and then some unfortunate 539 00:33:03,960 --> 00:33:06,960 Speaker 2: things that happened in the following month. Again should be 540 00:33:07,000 --> 00:33:09,719 Speaker 2: taken into consideration. And you don't want to say that, 541 00:33:09,760 --> 00:33:12,120 Speaker 2: oh wow, this is a trend that just kind of 542 00:33:12,120 --> 00:33:16,480 Speaker 2: taking it as a one off or just a blip 543 00:33:16,520 --> 00:33:19,880 Speaker 2: on the radar screen looking through the weather impacted sectors 544 00:33:19,880 --> 00:33:22,840 Speaker 2: in the strike which ended on February the twenty third. 545 00:33:22,880 --> 00:33:26,760 Speaker 2: It's still a poor job's number compared to what. Of course, 546 00:33:26,760 --> 00:33:29,000 Speaker 2: he doesn't say that, we do not think that this 547 00:33:29,160 --> 00:33:33,080 Speaker 2: is a harbinger of progressively worse job prints coming down 548 00:33:33,080 --> 00:33:36,480 Speaker 2: the road. But the risk of a downturn has certainly increased. 549 00:33:37,720 --> 00:33:41,040 Speaker 2: That's what they said back on April the second Liberation Day. 550 00:33:42,680 --> 00:33:46,360 Speaker 2: How well did they predict that one inflation had been monitoring, 551 00:33:46,400 --> 00:33:49,160 Speaker 2: but a recent spike in gas prices well, of course, 552 00:33:49,440 --> 00:33:52,479 Speaker 2: have gas prices growing up because of oil prices and 553 00:33:52,520 --> 00:33:56,160 Speaker 2: because of trying to protect the Middle East and protect 554 00:33:56,400 --> 00:34:01,560 Speaker 2: us from an ongoing war. It boggles my mind when 555 00:34:01,560 --> 00:34:07,440 Speaker 2: I when these people forget that somebody has declared war 556 00:34:07,480 --> 00:34:10,560 Speaker 2: on you forty seven years ago, and they have done 557 00:34:10,640 --> 00:34:14,960 Speaker 2: everything they can to kill a couple of one hundred 558 00:34:15,360 --> 00:34:19,680 Speaker 2: US soldiers here, a couple of hundred soldiers here, the 559 00:34:19,719 --> 00:34:24,600 Speaker 2: IEDs over in Afghanistan and Iraq. Those were manufactured by Iran. 560 00:34:25,080 --> 00:34:27,520 Speaker 2: That is a war on our people. They were the 561 00:34:27,560 --> 00:34:30,680 Speaker 2: state sponsors of terror. They're the people that fund Hamas 562 00:34:30,760 --> 00:34:33,640 Speaker 2: Hezbala and the Hutis. They're the ones that cause trouble 563 00:34:33,680 --> 00:34:36,920 Speaker 2: in the Straits of Hermus, a strait of her moos, 564 00:34:37,040 --> 00:34:40,160 Speaker 2: attacking different ships there, driving up the cost of oil, 565 00:34:40,280 --> 00:34:43,359 Speaker 2: driving up the cost of goods, and again to put 566 00:34:43,400 --> 00:34:46,200 Speaker 2: an end to that, that is what happening. Because you know, 567 00:34:46,280 --> 00:34:49,080 Speaker 2: if you if you had a neighbor next door that 568 00:34:49,239 --> 00:34:51,120 Speaker 2: kept saying, you know, as you walk out the door, 569 00:34:51,239 --> 00:34:53,839 Speaker 2: one of these days, I'm going to kill you. One 570 00:34:53,880 --> 00:34:56,040 Speaker 2: of these days, I'm going to kill you. And then 571 00:34:56,080 --> 00:34:58,400 Speaker 2: you come out one day and your tires are flat. 572 00:34:58,480 --> 00:35:01,120 Speaker 2: You don't know who did it. If there's certain damage 573 00:35:01,120 --> 00:35:03,000 Speaker 2: to your house, you don't know who did it. But 574 00:35:03,080 --> 00:35:06,040 Speaker 2: every day the guys I'm gonna kill you someday. I mean, 575 00:35:06,160 --> 00:35:08,600 Speaker 2: at some point in time, you're gonna take somebody at 576 00:35:08,640 --> 00:35:12,080 Speaker 2: their word and try to have something resolved. I know, 577 00:35:12,160 --> 00:35:15,280 Speaker 2: the good people of Kentucky. If we had missiles lobbing 578 00:35:15,320 --> 00:35:18,960 Speaker 2: into the state of Kentucky or in northern Kentucky from 579 00:35:19,000 --> 00:35:22,720 Speaker 2: over in Ohio, and we had eleven hundred missiles flying 580 00:35:22,760 --> 00:35:26,760 Speaker 2: in on a monthly basis trying to kill our people, 581 00:35:27,280 --> 00:35:29,319 Speaker 2: I don't think we would stand by and put up 582 00:35:29,320 --> 00:35:31,799 Speaker 2: with it. I'm Kevin Gordon America's truck in network seven 583 00:35:31,920 --> 00:35:35,280 Speaker 2: hundred WLW. 584 00:35:34,719 --> 00:35:40,840 Speaker 1: News Radio seven hundred WLW and iHeartRadio Station guaranteed Human 585 00:35:41,280 --> 00:35:44,680 Speaker 1: seven hundred WLW HI Hard Radio. 586 00:35:45,080 --> 00:35:46,799 Speaker 8: If your investments are in a four to oh one 587 00:35:46,880 --> 00:35:50,280 Speaker 8: k or an Ira, then listen carefully. You spent thirty 588 00:35:50,440 --> 00:35:53,839 Speaker 8: maybe forty years building your retirement. The question is are 589 00:35:53,840 --> 00:35:55,839 Speaker 8: you about to watch it take a hit. You can't 590 00:35:55,880 --> 00:36:00,000 Speaker 8: recover from military escalation in Iran, tariffs, in legal chaos, 591 00:36:00,280 --> 00:36:03,240 Speaker 8: the US dollar under pressure it hasn't seen in years. 592 00:36:03,560 --> 00:36:06,600 Speaker 8: History is clear when this much uncertainty hits at once, 593 00:36:06,760 --> 00:36:09,759 Speaker 8: the investors who moved into gold and silver first came 594 00:36:09,800 --> 00:36:13,000 Speaker 8: out ahead. Right now, Advantage Gold is offering a free 595 00:36:13,040 --> 00:36:16,120 Speaker 8: gold investment kit and a free copy of economist Ken 596 00:36:16,200 --> 00:36:20,480 Speaker 8: Rogoff's powerful new book, Our Dollar, Your Problem, Call Advantage 597 00:36:20,480 --> 00:36:24,080 Speaker 8: Gold Now. At eight hundred nine hundred, eight thousand, thousands 598 00:36:24,080 --> 00:36:26,640 Speaker 8: of Americans have already rolled over a portion of their 599 00:36:26,680 --> 00:36:30,200 Speaker 8: four oh one k or ira into physical gold and silver, 600 00:36:30,400 --> 00:36:34,479 Speaker 8: completely tax and penalty free through Advantage Gold. Don't wait 601 00:36:34,520 --> 00:36:36,840 Speaker 8: for the next surge to wish you had moved sooner. 602 00:36:37,040 --> 00:36:40,920 Speaker 8: Results very consult your financial advisor before investing. Call advantage 603 00:36:40,920 --> 00:36:43,960 Speaker 8: gold at eight hundred nine hundred eight thousand. That's eight 604 00:36:44,080 --> 00:36:46,000 Speaker 8: hundred nine hundred eight thousand. 605 00:36:47,880 --> 00:36:48,040 Speaker 2: Hi. 606 00:36:48,080 --> 00:36:50,399 Speaker 9: I'm Connie Britton, and I want to share with you 607 00:36:50,440 --> 00:36:55,719 Speaker 9: the experience of Donna in Washington. She writes, I got 608 00:36:55,719 --> 00:36:59,960 Speaker 9: injured about five years ago. I was let go because 609 00:37:00,120 --> 00:37:02,440 Speaker 9: of the injury. I couldn't keep up with my schedule. 610 00:37:03,880 --> 00:37:06,759 Speaker 9: I've tried to find other work, but I'm sixty eight now. 611 00:37:07,480 --> 00:37:11,320 Speaker 9: No one wants to hire someone that old. This week 612 00:37:11,480 --> 00:37:14,000 Speaker 9: is tough, though, because I had to get my tooth fixed, 613 00:37:14,640 --> 00:37:16,920 Speaker 9: so I only have ten dollars in my checking account. 614 00:37:17,840 --> 00:37:21,040 Speaker 9: But it will be okay. I at least have food 615 00:37:21,120 --> 00:37:26,839 Speaker 9: because of this pantry. Millions of people face hunger, some 616 00:37:26,960 --> 00:37:30,920 Speaker 9: every day, just like Donna. The Feeding America network of 617 00:37:30,960 --> 00:37:35,120 Speaker 9: food banks helps provide over six billion meals to people 618 00:37:35,160 --> 00:37:39,080 Speaker 9: in need each year. Learn more at Feedingamerica dot org. 619 00:37:39,719 --> 00:37:42,760 Speaker 9: Feeding America two hundred food banks strong. 620 00:37:46,280 --> 00:37:48,440 Speaker 2: What's going on in the economy, and we've got the 621 00:37:48,480 --> 00:37:50,520 Speaker 2: Federal Reserve that is going to be meeting on the 622 00:37:50,640 --> 00:37:54,680 Speaker 2: eighteenth of this month. I think that might be Jerry Lyon. 623 00:37:54,800 --> 00:37:58,440 Speaker 2: Jerry Powell's last meeting is FED chair. I don't know 624 00:37:58,480 --> 00:37:59,840 Speaker 2: if I'm going to have to look at the schedule 625 00:38:00,080 --> 00:38:05,040 Speaker 2: if they've got a April meeting schedule. But again, a 626 00:38:05,080 --> 00:38:08,000 Speaker 2: federal Reserve is meeting, and all this talk is well, 627 00:38:08,000 --> 00:38:11,520 Speaker 2: with this job number and stuff, that probably makes the 628 00:38:11,560 --> 00:38:15,480 Speaker 2: case for not doing anything with interest rates that the 629 00:38:15,560 --> 00:38:18,600 Speaker 2: job market may seem a little wonky or whatever. But 630 00:38:19,080 --> 00:38:22,160 Speaker 2: we're going to kind of wait and see. Reminds me 631 00:38:22,560 --> 00:38:25,560 Speaker 2: if you will, back in September of twenty twenty four, 632 00:38:26,239 --> 00:38:29,600 Speaker 2: we had a very similar scenario. We had a monthly 633 00:38:29,760 --> 00:38:33,520 Speaker 2: jobs report that was bad, and we also had the 634 00:38:33,600 --> 00:38:40,000 Speaker 2: revision hit of where from the fiscal year beginning on 635 00:38:40,120 --> 00:38:45,319 Speaker 2: April or on October the first until the end of September, 636 00:38:45,960 --> 00:38:48,359 Speaker 2: we have no wait a minute, that's the fiscal year. 637 00:38:48,680 --> 00:38:51,200 Speaker 2: But they usually do a revision or look at the 638 00:38:51,320 --> 00:38:54,440 Speaker 2: jobs report or the job numbers collected. And I don't 639 00:38:54,480 --> 00:38:57,879 Speaker 2: know why they do it in March to April each year, 640 00:38:58,480 --> 00:39:02,120 Speaker 2: but you may recall that two years in a row 641 00:39:02,239 --> 00:39:04,839 Speaker 2: they looked at those numbers and said that one year 642 00:39:04,880 --> 00:39:09,440 Speaker 2: they were down eight hundred and eighteen thousand jobs that 643 00:39:09,560 --> 00:39:13,280 Speaker 2: had been overstated, and the following year that nine hundred 644 00:39:13,320 --> 00:39:18,840 Speaker 2: and eighteen thousand were overstated. So those numbers came into 645 00:39:18,880 --> 00:39:21,840 Speaker 2: play even though they were announced a couple months earlier. 646 00:39:22,160 --> 00:39:26,640 Speaker 2: In September, everybody started talking about it again. And that 647 00:39:26,880 --> 00:39:29,719 Speaker 2: was the date in September of twenty twenty four where 648 00:39:29,760 --> 00:39:33,640 Speaker 2: the Federal Reserve dropped interest rates a full half a 649 00:39:33,680 --> 00:39:37,839 Speaker 2: percentage point. In my opinion, that was a political move 650 00:39:37,920 --> 00:39:41,000 Speaker 2: on their part to try to get Kamala pushed over 651 00:39:41,040 --> 00:39:44,240 Speaker 2: the finish line. So if Kamala was on the ballot 652 00:39:44,360 --> 00:39:48,080 Speaker 2: in May of this year, coming into March, they probably 653 00:39:48,120 --> 00:39:51,440 Speaker 2: would lower interest rates by a half a percent. But 654 00:39:51,600 --> 00:39:53,600 Speaker 2: now they're talking about, well, we're just going to keep 655 00:39:53,600 --> 00:39:56,759 Speaker 2: a steady because we think everything's okay. So anyway, that's 656 00:39:57,200 --> 00:40:02,120 Speaker 2: my two cents worth on that force participation rate lower 657 00:40:02,160 --> 00:40:04,440 Speaker 2: to sixty two percent. I believe it was up to 658 00:40:04,480 --> 00:40:08,640 Speaker 2: sixty two almost sixty three percent last month. But labor 659 00:40:08,680 --> 00:40:13,160 Speaker 2: participation rate is low and lower than what it actually 660 00:40:13,239 --> 00:40:17,399 Speaker 2: should be. On the heels of all this, not only 661 00:40:17,400 --> 00:40:23,440 Speaker 2: do we have the jobs report, but we had we 662 00:40:23,520 --> 00:40:26,920 Speaker 2: have this information out of the Panama Canal. You would 663 00:40:26,960 --> 00:40:31,919 Speaker 2: think that if jobs are down and that people are 664 00:40:32,160 --> 00:40:35,840 Speaker 2: not spending as much, that you wouldn't have as much 665 00:40:36,320 --> 00:40:41,799 Speaker 2: stuff being shipped into the various ports. Panama is surprised 666 00:40:41,800 --> 00:40:45,640 Speaker 2: by higher canal traffic amid trade wars. The Panama Canal 667 00:40:45,760 --> 00:40:49,399 Speaker 2: is reporting an unexpected jump in revenues, confounding its own 668 00:40:49,520 --> 00:40:53,400 Speaker 2: forecast at Donald Trump's trade war would cause traffic to drop. 669 00:40:54,120 --> 00:40:58,560 Speaker 2: So again, a group of people predicting once Liberation Day 670 00:40:58,600 --> 00:41:01,600 Speaker 2: happened on April the second of last year, that certain 671 00:41:01,640 --> 00:41:05,320 Speaker 2: things are going to happen in the economy. People said, Okay, 672 00:41:05,520 --> 00:41:09,680 Speaker 2: we're gonna have higher interest rates, we're gonna have higher unemployment, 673 00:41:09,880 --> 00:41:13,840 Speaker 2: we're gonna have massive job losses, and we're gonna have 674 00:41:13,880 --> 00:41:18,000 Speaker 2: a reduction in our GDP. None of that stuff happened 675 00:41:18,400 --> 00:41:21,799 Speaker 2: Panama Canal. Those people down there estimating them with the 676 00:41:21,840 --> 00:41:26,040 Speaker 2: trade war or with the terriffs being a more even 677 00:41:26,360 --> 00:41:29,600 Speaker 2: keel reciprocal tariffs on the part of the US, that 678 00:41:29,719 --> 00:41:33,080 Speaker 2: traffic would slow through the Panama Canal. In fact it didn't. 679 00:41:33,719 --> 00:41:38,160 Speaker 2: Buoyant US demand for goods from Asia. Asia is helping 680 00:41:38,200 --> 00:41:41,719 Speaker 2: as well as strong sales of liquefied petroleum gas or 681 00:41:41,880 --> 00:41:45,880 Speaker 2: LPG to Japan and South Korea, according to the Waterway 682 00:41:45,960 --> 00:41:52,160 Speaker 2: Chief financial Officer Victor Vile. So again, them assuming what 683 00:41:52,360 --> 00:41:55,360 Speaker 2: is going to happen on the volume of the Panama Canal. 684 00:41:55,760 --> 00:42:00,160 Speaker 2: And again, if this volume is up, that means that 685 00:42:00,160 --> 00:42:03,360 Speaker 2: that stuff is going to have to be offloaded somewhere. 686 00:42:04,000 --> 00:42:07,560 Speaker 2: It's going to have to be offloaded. Now, obviously exporting 687 00:42:08,200 --> 00:42:10,879 Speaker 2: it would be up if they're busy on that end, 688 00:42:11,400 --> 00:42:14,680 Speaker 2: but if it's also busy on stuff coming in, that 689 00:42:14,760 --> 00:42:17,680 Speaker 2: stuff's going to have to go somewhere, and that somewhere 690 00:42:17,719 --> 00:42:21,040 Speaker 2: would be us ports. Then from that us ports would 691 00:42:21,040 --> 00:42:23,160 Speaker 2: mean that a truck is going to have to transport 692 00:42:23,239 --> 00:42:26,440 Speaker 2: that to a warehouse or to a retail facility, and 693 00:42:26,480 --> 00:42:28,040 Speaker 2: then that is going to have to be truck from 694 00:42:28,040 --> 00:42:31,480 Speaker 2: that warehouse facility to the retail to the individual customers. 695 00:42:31,640 --> 00:42:34,360 Speaker 2: So if that's up, that means and bodes well for 696 00:42:34,719 --> 00:42:39,400 Speaker 2: the trucking industry. So again, this is good news. We've 697 00:42:39,440 --> 00:42:41,759 Speaker 2: seen it, according to him in a comment, we've seen 698 00:42:41,760 --> 00:42:44,799 Speaker 2: a resilience in demand, and quite surprisingly, because we did 699 00:42:44,800 --> 00:42:49,560 Speaker 2: not expect that, we are at a pace where, if 700 00:42:49,600 --> 00:42:53,640 Speaker 2: everything stays in line, we could beat last year's revenue performance. 701 00:42:54,000 --> 00:42:57,800 Speaker 2: Canal revenue increased eight to ten percent in the first 702 00:42:57,840 --> 00:43:01,040 Speaker 2: five months of the Canal's fiscal year twenty twenty six, 703 00:43:01,320 --> 00:43:05,400 Speaker 2: which started in ap October compared to the same period 704 00:43:05,440 --> 00:43:09,880 Speaker 2: a year ago, both ship transits and cargo tonnage increased. 705 00:43:10,120 --> 00:43:13,880 Speaker 2: File said the Canal saw a record five point seven 706 00:43:14,320 --> 00:43:18,520 Speaker 2: billion in fiscal year twenty twenty five. Shipments of cars 707 00:43:18,560 --> 00:43:21,960 Speaker 2: from Asia to Latin America and US are also helping. 708 00:43:22,120 --> 00:43:25,959 Speaker 2: He added, So again you are seeing things as far 709 00:43:26,040 --> 00:43:32,080 Speaker 2: as the Panama Canal is concerned. You're seeing more traffic 710 00:43:32,239 --> 00:43:35,120 Speaker 2: going through that port, which means that more stuff is 711 00:43:35,160 --> 00:43:39,279 Speaker 2: being shipped, More stuff is either being exported or imported, 712 00:43:39,520 --> 00:43:42,400 Speaker 2: which is all good for the trucking industry and is 713 00:43:42,440 --> 00:43:46,520 Speaker 2: certainly a good sign. They're talking about liquefied natural gas, 714 00:43:46,560 --> 00:43:50,919 Speaker 2: which as we are becoming more energy dominant, we are 715 00:43:51,440 --> 00:43:55,440 Speaker 2: sending more overseas and we are having more revenue coming 716 00:43:55,520 --> 00:44:00,560 Speaker 2: into this country and to our producers. Store I saw 717 00:44:00,760 --> 00:44:05,000 Speaker 2: also retail sales fell in January on fewer vehicle purchases. 718 00:44:05,600 --> 00:44:09,080 Speaker 2: Now that would be kind of expected if you recall 719 00:44:09,960 --> 00:44:13,000 Speaker 2: we had a situation where at the end of last year, 720 00:44:14,160 --> 00:44:17,240 Speaker 2: if you bought a vehicle as part of your company. 721 00:44:17,840 --> 00:44:20,879 Speaker 2: Some people have a car for their business or for 722 00:44:21,520 --> 00:44:26,120 Speaker 2: the business, you know, the business itself buys cars or 723 00:44:26,200 --> 00:44:30,280 Speaker 2: is a private you know, an entrepreneur, an individual, a salesman, 724 00:44:30,400 --> 00:44:33,000 Speaker 2: or something buys a new car, they would have bought 725 00:44:33,000 --> 00:44:35,000 Speaker 2: that at the tail end of last year in order 726 00:44:35,040 --> 00:44:39,040 Speaker 2: to take care take advantage of that investment tax credit, 727 00:44:39,440 --> 00:44:43,600 Speaker 2: which was you could expense up to one point was 728 00:44:43,640 --> 00:44:49,680 Speaker 2: it one point two five million in capital expenditures a 729 00:44:49,719 --> 00:44:53,040 Speaker 2: million and a quarter that you could expense if you 730 00:44:53,120 --> 00:44:55,880 Speaker 2: bought equipment at the end of last year. So if 731 00:44:55,880 --> 00:44:59,920 Speaker 2: somebody pushes that push purchase off until December, purchases that 732 00:45:00,080 --> 00:45:03,360 Speaker 2: truck for the fleet, or purchase us a couple of 733 00:45:03,360 --> 00:45:07,480 Speaker 2: trucks for a fleet, purchase a piece of machinery for 734 00:45:07,560 --> 00:45:12,200 Speaker 2: a factory, expands their business, or individuals buying cars, if 735 00:45:12,239 --> 00:45:16,359 Speaker 2: they would buy that for business purposes, they would get 736 00:45:16,400 --> 00:45:18,920 Speaker 2: that credit. So you would expect at the end of 737 00:45:19,000 --> 00:45:22,920 Speaker 2: December car sales being up, which would fall off in January. 738 00:45:23,239 --> 00:45:26,280 Speaker 2: And when you look at the best time to buy cars, 739 00:45:26,520 --> 00:45:29,040 Speaker 2: generally that's towards the end of the summer before the 740 00:45:29,080 --> 00:45:32,120 Speaker 2: new model years come out. So January is never really 741 00:45:32,280 --> 00:45:34,160 Speaker 2: much of a good year or much of a good 742 00:45:34,200 --> 00:45:37,439 Speaker 2: month in order to buy cars. But again they throw 743 00:45:37,480 --> 00:45:40,200 Speaker 2: this numbers out here. The value of retail purchases not 744 00:45:40,320 --> 00:45:44,640 Speaker 2: adjusted for inflation, decrease by point two percent after no 745 00:45:44,920 --> 00:45:50,960 Speaker 2: change in December. Commerce Department data showed March six, excluding cars, 746 00:45:51,120 --> 00:45:54,680 Speaker 2: sales were a little chained. Now we just come out 747 00:45:54,680 --> 00:45:57,719 Speaker 2: of the Christmas season. We come out of the holiday 748 00:45:57,760 --> 00:46:00,960 Speaker 2: season where retail sales are up to or man and 749 00:46:01,040 --> 00:46:04,000 Speaker 2: when you get to January, that has always been traditionally 750 00:46:04,040 --> 00:46:09,120 Speaker 2: a good a period where people take a break. They say, 751 00:46:09,160 --> 00:46:11,239 Speaker 2: we spend a lot of money in December, We're going 752 00:46:11,320 --> 00:46:14,160 Speaker 2: to take a break in January. So retail sales are 753 00:46:14,239 --> 00:46:18,440 Speaker 2: down in January, especially when you take into consideration whatever 754 00:46:18,480 --> 00:46:22,080 Speaker 2: sales they have based on and subtract from that the 755 00:46:22,160 --> 00:46:27,680 Speaker 2: returns they have from the holiday season. So again, decent numbers, 756 00:46:27,719 --> 00:46:32,320 Speaker 2: not bad numbers, still as signs that the economy is humming. Well, folks, 757 00:46:32,520 --> 00:46:34,800 Speaker 2: we are up against clock here. Stay tuned for RETI 758 00:46:34,920 --> 00:46:38,279 Speaker 2: Radio Top the Hour. I'm Kevin Gordon, Americas struck in 759 00:46:38,360 --> 00:46:42,239 Speaker 2: Network seven hundred WLW. 760 00:46:42,280 --> 00:46:47,360 Speaker 5: News Traffic and Weather News Radio seven hundred w l 761 00:46:47,680 --> 00:46:49,200 Speaker 5: W Cincinnati. 762 00:46:50,239 --> 00:46:53,839 Speaker 6: A ripple effect on not just your wallet, but the worlds. 763 00:46:53,920 --> 00:46:55,440 Speaker 2: If your Top of the Hour report