Speaker 1: This is America's Trucking Network with Kevin Gordon.
Speaker 2: Welcomeable, thanks for tuning in on this Wednesday morning. Coming
Speaker 2: up in the second segment, we're going to be speaking
Speaker 2: with Phil Flynn, senior account executive the Price Futures Group,
Speaker 2: author of the Energy Report and contribute to Fox Businesses
Speaker 2: and a good friend of the show and a good
Speaker 2: friend of mine here on America's struck A Network, So
Speaker 2: looking forward to talking to him coming up. But first,
Speaker 2: last week we had the US weekly jobless claims and
Speaker 2: again because of the government shut down, this is coming
Speaker 2: from groups and other companies other than the Bureau of
Speaker 2: Labor Statistics, a number of Americans filing new applications for
Speaker 2: unemployment benefits eased slightly last week. Haver Analytics estimated on Thursday,
Speaker 2: pointing to stable labor market conditions. Stable labor market conditions
Speaker 2: despite all the crap that we're hearing in the spoon
Speaker 2: fed regurgitators in the mainstream media, lion Jerry Powell and
Speaker 2: the Fed talking about weakness and the job market and
Speaker 2: so on. The stable job market is the key here
Speaker 2: that could provide the Federal reserve cover to keep interest
Speaker 2: rates unchanged next month. If they care about the economy,
Speaker 2: which of course they don't. You would think that lion
Speaker 2: Jerry Powell, based on some of the information we're going
Speaker 2: to have coming up in other stories, would be interested
Speaker 2: in lowing the interest rates to spark the economy, to
Speaker 2: keep the economy going. But I believe that Jerry Powell
Speaker 2: has a political motive. It is not independent as everybody
Speaker 2: claims that it is. I think he's got a grudge
Speaker 2: against Trump. Maybe he is in over his head, maybe
Speaker 2: he's not as bright as everybody thought he was. But
Speaker 2: he certainly is not the right person for this particular job.
Speaker 2: Longest government shut down in his street ended on Wednesday night,
Speaker 2: and the Labor Department is likely to resume publication of
Speaker 2: the job as Claims Report next Thursday, which is coming up.
Speaker 2: The forty three days shut down halted collection, processing, and
Speaker 2: publishing of official economic data, yet States kept collecting the
Speaker 2: claims data, which here analytics and Wall Street economists have extrapolated.
Speaker 2: Now over the last several weeks, we've had JP Morgan Chase,
Speaker 2: We've had City Group, we've had Nationwide, and we've had
Speaker 2: Goldman Sachs reporting on these, and Analytics has.
Speaker 3: Come along and also done the same.
Speaker 2: So we've got these reports, these unemployment numbers are being
Speaker 2: loaded into the federal system which is available to everybody
Speaker 2: or to these companies, and so they have been going
Speaker 2: into that database extrapolating the data, any of the data
Speaker 2: that's missing, like in this particular case, claims data were
Speaker 2: unavailed for Massachusetts and the assumptions were made similar to
Speaker 2: the Labor Department's practices.
Speaker 3: So they've been doing.
Speaker 2: This as opposed to the Bureau of Labor Statistics, and
Speaker 2: I would wonder why, and maybe this is an opportunity
Speaker 2: that if this data is being uploaded into a system
Speaker 2: that is overseen by the federal government, we don't need
Speaker 2: to have those bureaucrats crunch those numbers and come up
Speaker 2: with the report. These companies like Hare Analytics, JP, Morgan Chase,
Speaker 2: Goldman Sachs can do the same, and it would be
Speaker 2: interesting to see their comparisons and to see what they
Speaker 2: come up with based on the data and the information
Speaker 2: available to make sure that Okay, when you've got competition,
Speaker 2: when you've got information coming out, if there's competition for that,
Speaker 2: it sharpens everybody's tools and they want to be the
Speaker 2: accurate one. They want to be the one that everybody
Speaker 2: relies on, and so it might add a little bit
Speaker 2: of competition and be a little bit better too, for
Speaker 2: these other companies to handle rather than The Bureau of
Speaker 2: Labor Statistics initial claims for state unemployment benefits to dip
Speaker 2: to a seasonally adjusted two hundred and twenty seven thousand
Speaker 2: for the weekending November the eighth, down from two hundred
Speaker 2: and twenty eight thousand almost two hundred and twenty nine
Speaker 2: thousand the previous week. So again, we're talking about a
Speaker 2: stable labor market. We're talking about a market that has
Speaker 2: been fluctuating or has it been working within. The unemployment
Speaker 2: rate has been running anywhere between the two hundred and
Speaker 2: ten thousand and two hundred and fifty thousand range that
Speaker 2: has been over the last several months and up to
Speaker 2: a couple of years even, and so as long as
Speaker 2: that number was in with that is within that range,
Speaker 2: that should indicate that, yes, there is a strong labor
Speaker 2: market out there. There's been a lot of talk about
Speaker 2: the fact that we are in a no hire, no
Speaker 2: fire situation, and that is pretty much held true. Even
Speaker 2: though we've seen some of these announcements that have come
Speaker 2: out of potential layoffs.
Speaker 4: What is it?
Speaker 2: Challenger Gray and Christmas a couple of weeks ago put
Speaker 2: out a report that said, oh, there were going to
Speaker 2: be these massive layoffs. Well, those may be in the offings,
Speaker 2: but they're not current, and they may be into the
Speaker 2: future and layered in a little bit here, a little
Speaker 2: bit there, and a little bit over time, so that
Speaker 2: unemployment rate won't be affected by that and the market
Speaker 2: will stay stable.
Speaker 3: The initial job is.
Speaker 2: Claims, let me see a beal Reinhardt is an economists
Speaker 2: with JP Morgan, and initial claims remain pretty similar to
Speaker 2: recent years around this time and don't give the sense
Speaker 2: of any alarming rise in layoffs, especially when you consider
Speaker 2: that they may have been lifted slightly by the government shutdown,
Speaker 2: which was starting to become more disruptive this month. Labor
Speaker 2: market remains in a holding pattern. Some privates that will
Speaker 2: get this. Some private sector reports have implied the labor
Speaker 2: market was deteriorating. One must have cautioned that these reports
Speaker 2: had had a poor track record of accuracy and suggested
Speaker 2: instead focusing on weekly jobless claims. While the government is
Speaker 2: expected to publish September's delayed unemployment report next week, and
Speaker 2: this story was from last week, so that will be
Speaker 2: reported next week. It could be months before the clear
Speaker 2: view of the labor market emerges. Why why should it
Speaker 2: take it could be months before the clear view of
Speaker 2: the labor market emerges. We've got the data from the
Speaker 2: first moment. We've got from January. If you're talking about
Speaker 2: the current calendar year, you've got January all the way
Speaker 2: up now through November. And when the Jobless Reports initial
Speaker 2: jobless claims comes out at the end of this week
Speaker 2: on Thursday, we'll have that. So where is this disruption?
Speaker 2: Where is this We won't know what the labor market is.
Speaker 2: We know what the labor market has been for the
Speaker 2: last eleven plus months, and we know what it was
Speaker 2: the year before, and we pretty much know what it's
Speaker 2: going to be like in the future given on what
Speaker 2: we're seeing as far as the economic trends. Now, if
Speaker 2: we could just get line Jerry Powell and the Fed
Speaker 2: to cut interest rates where they should be, we'd be
Speaker 2: in good shape and people could go out and invest,
Speaker 2: and people could build, expand their businesses and so on.
Speaker 3: Let's see here.
Speaker 2: Stephen Stanley, Chief US Economists that as Santandar Santandert Santander
Speaker 2: US capital markets. Not much has changed over the past
Speaker 2: six weeks. While this is not great news in the
Speaker 2: labor market was tap it at best bet the shutdown,
Speaker 2: it should help to allay the worst fears of policymakers
Speaker 2: and financial market participants alike, citing inflation worries and indication
Speaker 2: of relative labor market stability. More FED policy makers have
Speaker 2: signaled patients on further easing bs lower interest rates stimulate
Speaker 2: the economy. They mentioned that every time I pick up
Speaker 2: a report, or every time I look at the oil
Speaker 2: prices for the day and look at what they're fluctuating,
Speaker 2: and so on, every almost every day, there's something in
Speaker 2: there that talks about, well, you know, looking at anticipation
Speaker 2: what the Federal Reserve may do next month or next
Speaker 2: week or whenever.
Speaker 3: The Federal Reserve is supposed to be.
Speaker 2: There's a line in there that says lower interest rates
Speaker 2: lead leads to more consumption and boost to the economy.
Speaker 2: Aren't we interested in boosting the economy. Yes, we're concerned
Speaker 2: about inflation. But as I've been pointing out on this
Speaker 2: program for the last several weeks, when you look at
Speaker 2: the again going back to where the cost of living
Speaker 2: allowance that has been added to the Social Security checks
Speaker 2: over the last several years, decades even, and that number
Speaker 2: this year is a two point eight percent. And you
Speaker 2: look at that increase over the last several years, it's
Speaker 2: been around two point six two point seven, which tells
Speaker 2: you that the inflation rate, because it's tied to the
Speaker 2: inflation rate in the third quarter, that inflation has been
Speaker 2: around two point eight two point nine over the last
Speaker 2: several years. And the fact that our inflation rate right
Speaker 2: now is somewhere in the two point seven two point
Speaker 2: six range, because depending on what report you look at,
Speaker 2: we are heading in the right direction. I think it
Speaker 2: is is stupid on the federal reserves part to be
Speaker 2: targeting two percent when the historic average has been above
Speaker 2: two point five percent on a yearly basis. I mean,
Speaker 2: what are they expecting from the Trump administration miracles? Well,
Speaker 2: we've gotten several miracles from them, you know, eight wars
Speaker 2: stopped and so on. Coming up, We've got Phil Flynn
Speaker 2: coming up, so looking forward to speaking with him. I'm
Speaker 2: Kevin Gordon, America's Trucking Network seven hundred WLW.
Speaker 1: This is the Racing Report on America's Trucking Network on
Speaker 1: seven hundred WLW.
Speaker 5: Long considered drag racing's goat the greatest of all time,
Speaker 5: John Forest announced this reti Wireman after a record setting career.
Speaker 3: It's time for me to retire.
Speaker 6: And it all made sense to me, even though I
Speaker 6: knew I had medical stuff that I had to address
Speaker 6: that do I want to get back in the car
Speaker 6: and get it in the head and I don't. I've
Speaker 6: got new grand children coming with Courtney. She just had
Speaker 6: a little girl, and she's got two girls already, Harlan
Speaker 6: and Tinley, and.
Speaker 3: We have Autumn. Of course, we have Jacob and Noah.
Speaker 6: So I got a next generation that'll follow me just
Speaker 6: like my girls.
Speaker 5: Force has said NHRA records for season championships with sixteen
Speaker 5: an event wins with one hundred and fifty seven that
Speaker 5: will never likely be broken. He launched his career in
Speaker 5: the early nineteen seventies and hand me down cars, his
Speaker 5: first NHRI victory coming in Quebec, Canada in nineteen eighty seven.
Speaker 5: Force won nine of ten World Championships in the nineteen
Speaker 5: nineties and won a record thirteen of nineteen races, appearing
Speaker 5: in a record sixteen final rounds in nineteen ninety eight.
Speaker 5: Here's one of his daughter's Britney Force.
Speaker 4: His energy comes from where his heart's at, and it's
Speaker 4: in this sport. It's being out here at the racetrack.
Speaker 7: He loves it so much and you just see it.
Speaker 5: Four through and fellow NHR fundy car driver Ron Caps.
Speaker 8: He took everything that Snak and Mongoose and Big Daddy
Speaker 8: Dongars and Shirley Muldowney had built back in the day,
Speaker 8: the models we played with in the hot wheels, and
Speaker 8: he carried the sport and people. I just had a
Speaker 8: conversation a minute ago with somebody talking about Force and
Speaker 8: they felt like they were hanging out.
Speaker 4: With him when they watched.
Speaker 8: They sat back with a beer on TV watched John Force,
Speaker 8: and his interviews made them feel like they could just
Speaker 8: go hang out with him.
Speaker 1: This is the Raething report on America's Drugging Network on
Speaker 1: seven hundred WLW.
Speaker 3: Say Denas are reporting for a T N.
Speaker 9: Hay Sin Sannie's former Bengal and Pro Football Hall of
Speaker 9: Famer Anthony Munews. Are you or someone you know looking
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Speaker 10: Why would a guy in financial services pick a fight
Speaker 10: with the financial industry because in many cases.
Speaker 2: I'm Kevin Gordon, americastruck at Network seven hundred WLW. Joining
Speaker 2: me is Phil Flynn, Senior account executive of the Price
Speaker 2: Futures Group, author of the Energy Report, contribute to Fox
Speaker 2: Business Network last Saturday in Fox Weather Channel as well,
Speaker 2: and my good friend and friend of ATN. Thanks for
Speaker 2: joining us this morning, Phil, I certainly appreciate it.
Speaker 4: It's great to be here. Thanks for giving me off
Speaker 4: the road to you know, sit there and focus here.
Speaker 4: Thank you. What's for having me?
Speaker 2: Yeah, that's my pleasure. We've been seeing some crazy energy prices.
Speaker 2: We've been seeing the oil fluctuations. I think if you
Speaker 2: look at since January twentieth, Oil West Texas are the
Speaker 2: two main components. West Texas intermedia crewed down twenty five percent,
Speaker 2: Brent crude down about twenty percent depending upon the day.
Speaker 2: We're not seeing that kind of reflected in the gas prices,
Speaker 2: and there's been some I guess geopolitical problems with that
Speaker 2: refinery issues. So kind of for the people that follow this,
Speaker 2: where why isn't the gas prices coming down the way
Speaker 2: we'd like them to be?
Speaker 4: You know, I think you're absolutely right. I mean, we
Speaker 4: should see lower gasoline prices. But even though we seem
Speaker 4: to have plenty of supply a crewed or at least
Speaker 4: what they keep telling us, when you look at the
Speaker 4: global situation for other fuels like diesel fuel and gasoline,
Speaker 4: supplies are not that ample. And we've been seeing warning
Speaker 4: signs in the market, and we look at refining margins
Speaker 4: and they're signaling to the market, Hey, don't get complacent
Speaker 4: about oil prices. We've got a problem Houston, and that
Speaker 4: Houston problem is with low supplies of diesel fuel. No
Speaker 4: diesel fuel in like chat fuel and diesel fuel and
Speaker 4: all of those type of fuels are in tight supplies,
Speaker 4: and that's keeping the market rather elevated as refiners have
Speaker 4: to focus on that, and that's keeping those gasoline prices
Speaker 4: high as well.
Speaker 3: And you've been focusing on your energy report.
Speaker 2: Kind of this push pull between the International Energy Agency
Speaker 2: and OPAK, there's been kind of this push pull. We're
Speaker 2: getting kind of different comments in terms of what we're
Speaker 2: going to have in terms of whether we're going to
Speaker 2: have an.
Speaker 3: Oil glut and oil shortage. It's kind of weird, it
Speaker 3: really is.
Speaker 4: They're going after each other. It's kind it's kind of
Speaker 4: funny to watch, right, I mean, you know, it's kind
Speaker 4: of like one of these words. You know, you hate
Speaker 4: card tells, but you're kind of rooting for Opeck on
Speaker 4: this one because they seem to be talking common sense
Speaker 4: where they're saying, hey, you know, when we look at
Speaker 4: the supply and demand situation, we believe there's going to
Speaker 4: be a continuing need for fossil fuels in the future.
Speaker 4: And this talk of a glot that the International Energy
Speaker 4: Agency is trying to sell us not as dangerous, right,
Speaker 4: They're worried that they the International Energy Agency, or we
Speaker 4: like to call it the International Climate Unism Agency. You know,
Speaker 4: it's more interesting, you know, pushing a green energy agenda
Speaker 4: as they are to you know, focusing on energy security,
Speaker 4: which by the way, is their mission, right, energy security
Speaker 4: for consuming nations in Europe and around the world. But
Speaker 4: they've lost that mission, you know, they seem that they
Speaker 4: see their mission now is to push green energy. They're
Speaker 4: telling us, you know, a few years ago, oh, we're
Speaker 4: going to stop needing oil, stop investing in fossil fuels,
Speaker 4: We're going to meet our climate targets. Stop. Today they
Speaker 4: backed off of that, right, they have to keep pushing
Speaker 4: them back. Oh yeah, we were wrong about the world
Speaker 4: not you know, oil demand stopping going to higher, It's
Speaker 4: going to continue to go higher, further and further out.
Speaker 4: And the ope's like, yeah, no kidding, you know, that's
Speaker 4: common sense. Look at the demand for you know, fuels
Speaker 4: around the globe that goes up every year, you know,
Speaker 4: the increasing demand from artificial intelligence. So yeah, so there
Speaker 4: is basically a showdown. In fact, the discrepancy right now
Speaker 4: is the largest probably in history. I mean, the difference
Speaker 4: between what they see on demand is about one point
Speaker 4: eight million barrels a day. You know, that's that's like
Speaker 4: the entire oil production of France, right you know, it's
Speaker 4: it's pretty pretty big discrepancy and it's having an impact
Speaker 4: on prices, and which.
Speaker 2: Is funny Phil Flynn, my guest, the fact that the
Speaker 2: International Energy Agency, who we would think in terms of
Speaker 2: energy would be focused on energy, went off on this
Speaker 2: green new deal, green new steel tangent and said, you know,
Speaker 2: we're going to focus on that, and now all of
Speaker 2: a sudden they kind of come back one to eighty
Speaker 2: and said, okay, well, you know, telling everybody to stop
Speaker 2: investment in fossil fuels and which I hate its natural resource,
Speaker 2: so telling them not to invest in that, Now all
Speaker 2: of a sudden people took them out their words, stopped investing,
Speaker 2: and this is going to lead us a little bit,
Speaker 2: going to lead us a.
Speaker 3: Lot short in terms of production.
Speaker 2: And now they're going out and saying that they're the
Speaker 2: ones that are now talking about an oil glut, whereas
Speaker 2: OPEK is being more reasonable and saying, nah, not so much.
Speaker 2: So it's kind of like they can't figure out which
Speaker 2: way they're going.
Speaker 4: No, they can't, and you know, it makes you wonder
Speaker 4: why they'd be predicting this glut. The glut, by the
Speaker 4: way that they're talking about is even bigger than when
Speaker 4: we shut down the entire autonomy right during COVID, which
Speaker 4: doesn't seem to make sense on any level at all.
Speaker 4: Right in OPEK is like no, And even though OPEK,
Speaker 4: you know, they were actually predicting last month of supply
Speaker 4: deficit in the globe and they OPEC did back off
Speaker 4: of that a little bit there. Now they're gone from
Speaker 4: a slow deficit to a slight surplus. But that surplus
Speaker 4: is so small that you know, if if Kevin spoil
Speaker 4: a little gas at the gas tank, you know you're
Speaker 4: going to offset that bamplet, right, So that's how great
Speaker 4: height it is, you know, and you know I wouldn't
Speaker 4: you know, normally this wouldn't be that big a deal,
Speaker 4: but people, industry investors make decisions based off these reports.
Speaker 4: Right in the markets moved based on these reports. And
Speaker 4: what concerns me is that these false reports put in
Speaker 4: overconfidence in the market that everything's going to be okay.
Speaker 4: You know, even though we're seeing the crackspread screaming, hey boy,
Speaker 4: we got tight supplies here. Oh gasoline, We've got tight
Speaker 4: supplies here. You know, while they're screaming that right at
Speaker 4: the end of the day, what we're seeing here from
Speaker 4: the actual uh marketplace. You know, oil prices have been very,
Speaker 4: very complacent, So that complacency can bite us because let's
Speaker 4: say we get a real cold winter and we've got
Speaker 4: short diesel supplies, prices could spike up. We won't have
Speaker 4: the extra oil supplies because prices are artificially low, and
Speaker 4: that's one of the I think it's a real danger
Speaker 4: going into this winter.
Speaker 3: Exactly.
Speaker 2: My guess is Phil Flynn's senior account executive the Price
Speaker 2: Futures Group. I mean, it's not like we're talking small
Speaker 2: potatoes here, Phil is you know, energy crosses every business.
Speaker 2: I don't care whether you're an accountant, an attorney, whether
Speaker 2: you're in a manufacturing facility, or whether you're in any
Speaker 2: kind kind of business whatsoever. Energy is extremely important. You know,
Speaker 2: every time you flip on the lights, you're dealing with energy.
Speaker 2: So energy is a large.
Speaker 3: Component component of the of the home.
Speaker 2: Budget, the factory budget, the business budget, all across the way.
Speaker 2: And so if we're having problems in the energy sector,
Speaker 2: that's going to affect business. It's going to affect the
Speaker 2: bottom line, and it's going to affect your kitchen table budget.
Speaker 4: So it is, and I'll tell you this. That's one
Speaker 4: of the things I hear from people all the time,
Speaker 4: you know, when they see me in Fox Business or
Speaker 4: Fox Weather, and they see me in the street and
Speaker 4: the work. They're always come up through what's can happen
Speaker 4: with gasoline prices because it matters so much because their
Speaker 4: life revolves around that, right, you know how much money
Speaker 4: they're going to have, and some of up that, you know,
Speaker 4: suv driving the kids to school every day. Once that
Speaker 4: gets very expensive, that takes a big bite out of
Speaker 4: everybody's budget, exactly.
Speaker 2: And it's something that has not gotten a lot of attention.
Speaker 2: And we've had well in this country. We've gotten away
Speaker 2: from focusing on oil refining and gasoline refining to the
Speaker 2: point where as we've said in the past that there
Speaker 2: hasn't been a new refinery built in this country since
Speaker 2: nineteen forty seven, and we're dealing with basically a limited
Speaker 2: amount of refining capability. But they are working at about
Speaker 2: what is it about ninety five percent capacity, which most businesses,
Speaker 2: I don't know how many many people can many businesses
Speaker 2: can operate at ninety five percent capacity for a long
Speaker 2: period of time.
Speaker 4: No, they haven't, you know, And they've been refining maintenance.
Speaker 4: I mean, if you look at refining capacity, they've been
Speaker 4: running at those high rates for a long period of time,
Speaker 4: and that means there's not a lot of room for
Speaker 4: marchants of error. And then of course you look around
Speaker 4: the globe. The refining capacity in Russia has been taking
Speaker 4: a big hit, right because Ukraine has been hitting their
Speaker 4: oil infrastructure. And while that kind of pushed prices of
Speaker 4: oil down a little bit because Russia is trying to
Speaker 4: dump their oil, it hurt the global inventory of heavy
Speaker 4: oil when distill its that Russia likes to make. So
Speaker 4: you have this perfect storm of these predictions from the
Speaker 4: international energy agencies, but the realistic tightness of supply on
Speaker 4: the ground. Something's got to give, right. You can't have
Speaker 4: it both ways. You can have you know, rocketing diesel
Speaker 4: prices and falling crude prices forever. Right, something's going to
Speaker 4: get but either the economy is going to collapse or
Speaker 4: oil prices are going to have to go up. And
Speaker 4: you know, unless they figured out a way to make
Speaker 4: diesel supply out of water, which I don't think they
Speaker 4: figured that out quite Yeah, I figured that out. You
Speaker 4: could work on that this weekend.
Speaker 3: Yeah, I'll do that.
Speaker 4: Maybe we could figure out a way, and.
Speaker 3: Yeah, I'll figure that out.
Speaker 2: We need to take a short break, and when we
Speaker 2: come back, let's talk about what's going on as far
Speaker 2: as the economy and tariffs and that sort of thing,
Speaker 2: and what you kind of are seeing as far as
Speaker 2: your end, and because you've been doing a very good
Speaker 2: job of talking about the tariffs and impact on the
Speaker 2: economy and whether or not there's inflation and so on.
Speaker 2: So my guest is Phil Flynn, Senior account executive of
Speaker 2: the Price Futures Group. I'm Kevin Gordon. America's struck a
Speaker 2: Network seven hundred w LW.
Speaker 11: News, Traffic and weather. News Radio seven hundred w l W, Cincinnati.
Speaker 10: Texas is new house man struck down for using race
Speaker 10: in redistrict ding with your twelve thirty report, I'm Travis
Speaker 10: Laird breaking now a three judge panel. A federal judge
Speaker 10: panel has ruled Texas's new congressional map is illegal, saying
Speaker 10: the redistricting was built around race rather than partisan advantage.
Speaker 10: The decision blocks the map from use in next year's midterms.
Speaker 10: Here's ABC News legal contributor James Sample.
Speaker 12: The redistricting was designed around racial purposes, and in fact
Speaker 12: relied heavily on a letter from the Department of Justice
Speaker 12: that was all about race and did not mention partisanship
Speaker 12: one time.
Speaker 10: The state's top Republicans say they will appeal to the
Speaker 10: Supreme Court.
Speaker 11: Now the ladies forecast from the Train Heating and Cooling
Speaker 11: Weather Center on news radio seven hundred WLW.
Speaker 13: Heading for daybreak on Wednesday, we have got a chance
Speaker 13: for more rain, but it looks like we'll see more
Speaker 13: patche fog, little drizzle in the morning. We'll see a
Speaker 13: low of forty two. Now for the rest of our
Speaker 13: Wednesday day, it's cloudy and a high of fifty three.
Speaker 13: Maybe a few punches of sunshine. Otherwise, more clouds at
Speaker 13: night and a low down to forty five. From your
Speaker 13: severe weather station, I'm nine First Warning, Chief Meteorologist, Steve Rawley,
Speaker 13: News Radio seven hundred WLW, right now forty four degrees
Speaker 13: in Cincinnati. The push to end Butler County's ice detention
Speaker 13: contract continued today as dozens filled the Board of County
Speaker 13: Commissioners meeting. The agreement allows the jail to hold federal
Speaker 13: immigration detainees, and activists argue it harms community safety and trust.
Speaker 13: Members of the Butler County Immigrant Justice say they've been
Speaker 13: speaking out for months. Commissioners say they do not control
Speaker 13: the sheriff's policies, and one said he has no intention
Speaker 13: of seeking changes to the contract now. Lee Mawen launched
Speaker 13: the Sports Noise seven one hundred WLW.
Speaker 7: Sports Trey Hendrickson, samaj p Ryans, Tamar Stewart did not
Speaker 7: practice for a second straight day for the Bengals. Burton
Speaker 7: and Lucaspatrick also not practicing. Joe Flacco and Bj Hill
Speaker 7: were limited Bengals at the Steelers Sunday afternoon. One Red's
Speaker 7: higher bullpen coach Oscar Marine Matt Tracy becomes the new
Speaker 7: assistant pitching coach Simon Matthews leave Cincinnati to become the
Speaker 7: new pitching coach of the Nationals and Cyclones announcing Ford,
Speaker 7: Ben King and goalie Ken Appleby are now with the
Speaker 7: AHLs Toronto. Marley's Cyclones host The Walleye Friday night at
Speaker 7: seven thirty five.
Speaker 10: Your next update is at one o'clock. Breaking news anytime.
Speaker 10: I'm Travis Laird. News Radio seven hundred WLW.
Speaker 9: Switched to America's number one commercial truck and Sure visit
Speaker 9: progressivecommercial dot com.
Speaker 1: A decade ago, I was on the trail of one
Speaker 1: of the country's most elusive serial killers, but it wasn't
Speaker 1: until twenty.
Speaker 14: Here's your trucking forecast for the tri State and the
Speaker 14: rest of the country and the Try State. Overnight rain
Speaker 14: has moved out, as we'll see Patchee fond be low
Speaker 14: down to forty one, mostly claudi Wednesday high of fifty
Speaker 14: four Claudie Thursday with a slight chance of rain in
Speaker 14: the afternoon to hi fifty eight, cloudy with rain likely Friday,
Speaker 14: the high in year sixty Nationally. Scattered storms and heavy
Speaker 14: rain we'll linger Wednesday across lower Colorado, but won't be
Speaker 14: as widespread through Friday. There was a risk of showers
Speaker 14: and storms that could bring instances of flash flooding in
Speaker 14: the southern plains Monerit. Heavy snowfall seen in parts of
Speaker 14: the southern Utah Mountains in Sierra Nevada Mountains. Meanwhile, well
Speaker 14: above average temperature scene in the south in the plains
Speaker 14: Tuesday through the southeast Thursday with a few record high
Speaker 14: as possible.
Speaker 2: Seven hundred WLW. I'm Kevin Gordon. This as America struck
Speaker 2: in network again. Continuing our conversation with Phil Flynn, senior
Speaker 2: account executive of the Price Futures Group.
Speaker 3: Phil, thanks for hanging with us. I certainly appreciate it.
Speaker 4: Oh, it's great to be here. Take you.
Speaker 2: We have been getting a lot of mixed signals as
Speaker 2: far as how the economy is going. At the beginning
Speaker 2: of the year, there was a lot of anticipation, a
Speaker 2: lot of optimism, and then all of a sudden, with
Speaker 2: the talk of terrafs, all of a sudden we had
Speaker 2: that on Liberation Day, the market fell, some of the
Speaker 2: so called x er it's the uh the economists, as
Speaker 2: we say, we're talking about the R word having a recession.
Speaker 2: Now we need to remind people and economists, as an
Speaker 2: expert who will tell you tomorrow, why the while, why
Speaker 2: the things he predicted yesterday didn't happen today. So again
Speaker 2: the mixed signals from them, and everybody was saying, or
Speaker 2: they were saying at the time, that we were going
Speaker 2: to have a spike in inflation as a result of tariffs.
Speaker 2: You were one of the few people and I here
Speaker 2: on America's struck a network and there's a few other people,
Speaker 2: I think Kevin O'Leary and a few other people on
Speaker 2: the Fox Business channel said, Uh, tariffs don't lead to inflation.
Speaker 2: It's the overspending of the federal government.
Speaker 4: I have that right, And that's absolutely correct. You got it,
Speaker 4: absolutely correct. And and and you know, to be honest
Speaker 4: with you, I think the economy is doing great. Uh,
Speaker 4: it's doing so good. I think that's why the Democrats
Speaker 4: had to shut it down. Right. I think so market
Speaker 4: wasn't fit in the fit in their narrative, right. I mean,
Speaker 4: you know, they came out and said, oh my gosh,
Speaker 4: tariffs are going to cause record inflation. You know, these
Speaker 4: are the same people that defended president of President Biden's
Speaker 4: overspending and fought it to the tilt that caused the inflation.
Speaker 4: And it shows you and even the Federal Reserve, which
Speaker 4: you would think would know better based off history, came
Speaker 4: out and said, you know, well, we're not sure about this.
Speaker 4: It could contemplation. But yet it's like, all right, guys,
Speaker 4: you have a history book. You know, if you look
Speaker 4: at tariffs in the past, has it ever cost inflation?
Speaker 4: The answer is no. And they said, well it could
Speaker 4: be different this time, right, It's not different. Listen, I'm
Speaker 4: not telling you Kevin that there aren't some businesses that
Speaker 4: aren't going to feel the impact from tariffs. There are,
Speaker 4: There are a lot out there. But on the flip
Speaker 4: side of that, there's a lot of businesses that have
Speaker 4: been hurt by overseas tariffs that are going to get
Speaker 4: some relief, right. And we've seen the dumping of solar
Speaker 4: panels and other products into this country to try to
Speaker 4: you know, drive us out of business and put unfair
Speaker 4: trade practices. If we can level that playing field, I
Speaker 4: think it's going to be in net win. And one
Speaker 4: of the things that we're seeing is something you and
Speaker 4: I predicted, uh, what we're seeing the trade deffic is
Speaker 4: to go down dramatically. Right. The trade deficit causes inflation
Speaker 4: because we have to spend more money to support the
Speaker 4: you know, imbalance and trade. You know. And if we
Speaker 4: can start bringing back some manufacturing jobs to this country
Speaker 4: is opposed to shipping them off to somewhere, that's going
Speaker 4: to bring in more tax revenue. That means the government
Speaker 4: is going to have to print less money. And if
Speaker 4: they're brunting less money, how lujah, it's a miracle inflation
Speaker 4: starts to come down. So I think inflation is going
Speaker 4: to come down. Now, we do have some cyclical problems
Speaker 4: in the market, you know, in the meat markets for example,
Speaker 4: you know, because of COVID, you know, uh, Turkey prices,
Speaker 4: because of the bird flow. There's a lot of things
Speaker 4: that you know, have caused you know, some markets to
Speaker 4: come up that has nothing to do with you know,
Speaker 4: normal inflationary pressures, right, and they're not going to go away.
Speaker 4: But I think you know, over time, those things are
Speaker 4: going to level off and you're going to see real
Speaker 4: inflation start to come down. And you know, one of
Speaker 4: the funniest things I saw is some courts its outrage
Speaker 4: that we're putting tariffs on Italian pasta. And I'm like, oh,
Speaker 4: my gosh, how horrible is that We're going to have
Speaker 4: to eat American made pasta? Oh yeah, I mean it's pasta,
Speaker 4: for heaven's sakes. You know, come on, guys, I think
Speaker 4: we can make pasta in this country. I don't know
Speaker 4: about you.
Speaker 2: I think we can now, you know, when they talk
Speaker 2: about food prices and stuff and of course overall inflation.
Speaker 3: You know, I was looking at the Bureau.
Speaker 2: Of Labor Statistics, came back briefly to come up with
Speaker 2: the cost of living index for COLA, for social Security,
Speaker 2: they were talking about, well, the social Security is going
Speaker 2: to go up two point eight percent. Now they were
Speaker 2: talking about this, and that two point eight percent has
Speaker 2: been you know, they base that on inflation obviously, but
Speaker 2: for the people out there that aren't aware of that,
Speaker 2: which tells me that they cost a living index over
Speaker 2: the last seveneveral years, ten years or so has been
Speaker 2: around two point eight percent. And so if it's at
Speaker 2: two point eight percent, why is Lyon, Jerry Powell and
Speaker 2: the Fed trying to get that down to two percent
Speaker 2: and that's their target when it hasn't been down there
Speaker 2: at any time in the last several years.
Speaker 4: Right, Yeah, I think it's it's a problem. It's a problem.
Speaker 4: And that's you know, I and I you know, sad
Speaker 4: to say. I think Trump poll you know, it's obvious
Speaker 4: he's become a little bit political, right, I mean, his
Speaker 4: feelings have been hurt by President Trump, you know, but
Speaker 4: if you look at his track record and you know,
Speaker 4: the poor guy, maybe he wasn't the right guy for
Speaker 4: the job, right because he wasn't a traditional you know,
Speaker 4: did not have a traditional FED chairman background. But I
Speaker 4: haven't said that. I mean this is the guy that
Speaker 4: you know, sadly told this inflation was transitory because of
Speaker 4: you know, the tariffs. He was wrong about that, and
Speaker 4: sadly I think he's been wrong about by the interest rates,
Speaker 4: you know, not being more aggressive on rates. And you know, hey,
Speaker 4: it's easy to Monday morning quarter back, you know, but
Speaker 4: it does, you know, it does make you wonder either
Speaker 4: he's just been very wrong about stuff or maybe somewhat political.
Speaker 4: I don't know what the answer is. It's a tough job.
Speaker 4: It's easy for me to sit back and say, Jerome Pile,
Speaker 4: you failed here, you fail there, you know, because in
Speaker 4: hindsight it's easy to do. But at the same time,
Speaker 4: I think we need to change, right, I think we
Speaker 4: need to change at the FED. You are seeing the
Speaker 4: FED officials. They're starting to rebel a little bit. You know,
Speaker 4: before it was like, hey, we're going to rubber stand
Speaker 4: this decision. We're seeing more discent in inside the halls
Speaker 4: of the FED, which is a good thing. We need debate,
Speaker 4: we need to change, and I think it's coming. I
Speaker 4: think we're going to get a rate cut, and I
Speaker 4: think we need one, especially anybody wants to shop for
Speaker 4: a house, you know, definitely going to see some relief
Speaker 4: there or your credit card bills, so you know.
Speaker 2: And every time I pick up something having to do
Speaker 2: with oil prices, Reuters does their reports or anything, they
Speaker 2: talk about interest and when they mentioned interest rates, they'll say, well,
Speaker 2: lower interest rates causes more demand and builds and makes
Speaker 2: the economy stronger and people go out and spend. So
Speaker 2: if you're interested in improving the economy, I would think
Speaker 2: the Federal Reserve would be interested in lowering those interest rates.
Speaker 2: That would solve some of the problems as far as
Speaker 2: some of these kids wanting to get into a new
Speaker 2: home affordability. When you look at the difference in prices
Speaker 2: in terms of the interest rate, as far as the
Speaker 2: affordability of the type of home you can buy versus
Speaker 2: how much that's going to cost you down the road,
Speaker 2: it is one of the things I think that is
Speaker 2: holding back the economy. We're not seeing companies wanting to expand.
Speaker 2: And if you don't expand, you're not going to be
Speaker 2: hiring and employees. If you're not going to be, in
Speaker 2: this case, buying new trucks or improving your fleet, you're
Speaker 2: going to be behind the eight ball. And because of
Speaker 2: the interest rates being so expensive, people are holding back thinking, okay,
Speaker 2: they may come down. I think that is the single
Speaker 2: biggest thing on holding the reins back as far as
Speaker 2: this economy exploding to the positive.
Speaker 4: Yeah, I think so. And listen, you know, the FED
Speaker 4: has a dual mandate, right, they have jobs and they
Speaker 4: have inflation, right, and they know that under the last
Speaker 4: administration they failed miserably on inflation.
Speaker 3: Right.
Speaker 4: They did not react to the Biden administration's reckless spending.
Speaker 4: And if you look back and think about all the
Speaker 4: reckless spending, you know on green energy projects, what did
Speaker 4: we get for it? Do you see you know? Do
Speaker 4: you see you know, electric car chargers in every corner.
Speaker 4: You see people, you know, driving electric cars everywhere you go. No,
Speaker 4: it hasn't happened. They tried to force people to do it, right,
Speaker 4: and they and then they promised these wonderful green energy jobs.
Speaker 4: I'm still waiting for those, by the way, where they right,
Speaker 4: the millions of green energy jobs, right they were supposed
Speaker 4: to create. So, uh, you know, and so the but
Speaker 4: the FED backed them on this, right, they were like, oh, okay,
Speaker 4: it's okay, you know, with this inflation. Yeah, we're seeing
Speaker 4: these policies are causing inflation, but we we think it's
Speaker 4: just gonna be temporary because of you know whatever, it's
Speaker 4: going to average itself out, you know. And then we're
Speaker 4: saying that for a year. You know, we're hearing it
Speaker 4: from the Biden administration. We're hearing it from Janet Yellen.
Speaker 4: You know, the Treasury secretary was a former FED chairman,
Speaker 4: and we're hearing it from the Fed. And it makes
Speaker 4: you wonder, why didn't they see you know, what has
Speaker 4: happened over history that when the government prints money like
Speaker 4: a drunken saler, it always leads to inflation. Right, So
Speaker 4: if they really wanted to be honest, they should have
Speaker 4: been early on fighting inflation. Now that war has been one, right,
Speaker 4: we've you know, we we beat the back of inflation
Speaker 4: with the tariffs under Trump. You know, inflation's trending down.
Speaker 4: So now you got to go the other way because
Speaker 4: if you let it go down too far, you're going
Speaker 4: to see more layoffs, more people out of jobs in
Speaker 4: front of the holidays. So I think, you know, if
Speaker 4: you know, if mister Paul wants to go down as
Speaker 4: the Grinch shoes so Christmas, he'll fight this interest rate
Speaker 4: cut at the December meeting. I don't think he will,
Speaker 4: but you know who wants to be grinch. I don't
Speaker 4: think you could. You know you would look good in
Speaker 4: the hat.
Speaker 2: I think yeah, I don't know for sure. Well, Phil,
Speaker 2: up against clock here. It's been great talking to you,
Speaker 2: and we need to do this more often. You're probably
Speaker 2: one of the brightest sponsing terms. You have been spot
Speaker 2: on as far as inflation, you've been spot on as
Speaker 2: far as the terrorists, and you are a great resource.
Speaker 2: And I can't say how much I appreciate you being
Speaker 2: on this program on a continuing basis.
Speaker 3: Appreciate it.
Speaker 4: I appreciate you being having me on. It's always a
Speaker 4: pleasure of working with you, buddy. Thank you so much.
Speaker 2: My guest, Phil Flynn, Senior account executive the Price Futures Group.
Speaker 2: I'm Kevin Gordon. America's Struck a network seven hundred w
Speaker 2: l W.
Speaker 13: Run a business and not thinking about radio think again,
Speaker 13: because more people are listening to the radio and iHeart
Speaker 13: today than they were its.
Speaker 2: One seven hundred w l W. I'm Kevin Gordon. Thanks
Speaker 2: to Phil Flynn for joining me in the two previous segments.
Speaker 2: Always enjoy talking to him. He's always got a lot
Speaker 2: of great information. By the way, if you miss those
Speaker 2: segments or any of our shows, hit up that iHeartRadio app.
Speaker 2: And of course that's brought to you by our friends
Speaker 2: at Rush Truck Centers. National Association of Home Builders Wells
Speaker 2: Fargo Housing Market Index.
Speaker 3: Was released yesterday.
Speaker 2: A builder confidence in the market for newly built single
Speaker 2: family homes rose one point to thirty eight in November. Now,
Speaker 2: when you look at these indexes, according to the data,
Speaker 2: an index, the any index or the index for this
Speaker 2: is based on fifty. Anything over fifty is very good,
Speaker 2: anything under fifty is not so good. And as they
Speaker 2: describe at the index's measurement for builder confidence and the
Speaker 2: new single family home market rose one point to thirty eight,
Speaker 2: but remains in deeply negative territory. An index really reading
Speaker 2: below fifty indicates that more builders view conditions as more
Speaker 2: view as poor than good, is what I'm trying to
Speaker 2: spit out here. So as far as their overall assessment
Speaker 2: of the conditions, now, what could be the conditions on that?
Speaker 3: Could it possibly be interest rates? Maybe?
Speaker 2: So anyway, getting into this report, current sales conditions increased
Speaker 2: two points to forty one. Sales expectations in the next
Speaker 2: six months fell three points to fifty one, but still
Speaker 2: above that fifty range. Traffic of perspective buyers posted a
Speaker 2: one point game to twenty six, a further sign of
Speaker 2: ongoing challenges in the housing market. The latest eight HMI
Speaker 2: Housing Market Index survey also revealed that forty one percent
Speaker 2: of builders reported cutting prices in November, a record high
Speaker 2: in the post COVID period and the first time this
Speaker 2: measure has passed forty percent.
Speaker 3: Now.
Speaker 2: In defense of that a little bit, during the COVID times, yes,
Speaker 2: there were not very many well, there were some houses
Speaker 2: that were moving in the markets, but a lot of
Speaker 2: people were jumping into the housing market because of the
Speaker 2: boost that they were getting from the stimulus checks.
Speaker 3: A lot of people who were.
Speaker 2: Still working were getting kind of like a little icing
Speaker 2: on the cake there and thought, well, we're going to
Speaker 2: improve our home, see if we can sell it and
Speaker 2: then maybe move in upgrade into a bigger home, or
Speaker 2: because we're working from home now and a lot of
Speaker 2: companies shifted to moving to home. In the post pandemic era,
Speaker 2: we saw a boost in housing prices as well as
Speaker 2: housing sales because people were saying, well, what in our
Speaker 2: current living conditions, I need a home office if my
Speaker 2: wife is working or the spouse is working. Also they
Speaker 2: also need a home office to work from. So the
Speaker 2: need to go out and buy a house that with
Speaker 2: the common both people working from home was some of
Speaker 2: the things that was boosting housing prices at that point,
Speaker 2: and the fact that people were moving and buying houses
Speaker 2: and selling houses at that point in time. So again
Speaker 2: this I'm talking about that the post pandemic or post
Speaker 2: plandemic as I refer to it now. In this particular story,
Speaker 2: they talk about sixty five percent of builders reported using
Speaker 2: sales incentives such as mortgage rate buydowns and funds towards
Speaker 2: upgrades and closing costs, a share that's held steadies since September.
Speaker 2: Home builders have been dealing with a sluggish housing market,
Speaker 2: wary consumers, and unknowns around tariffs and construction costs throughout
Speaker 2: twenty twenty five. Well, we've had eleven months now where
Speaker 2: we see where the whole the prices have gone in
Speaker 2: terms of the building materials and so on, and we
Speaker 2: still have that need out there. But as I pointed
Speaker 2: out on this program several times, the fact of when
Speaker 2: you look at at the current interest rate still above
Speaker 2: the six percent. The type of house that you can
Speaker 2: afford at six percent based on your income is far
Speaker 2: less than the type of house that you can afford
Speaker 2: if the interest rate was down around three percent. We've
Speaker 2: run those numbers on this program extensive. We've talked about
Speaker 2: that three or four times on this program. Also, when
Speaker 2: you take into consideration not only the size house that
Speaker 2: you can buy, but what that is going to cost
Speaker 2: you in terms of outlays as far as your mortgage
Speaker 2: is concerned. When you look at the mortgage rate at
Speaker 2: a six percent or a three percent rate versus a
Speaker 2: six percent rate, that fluctuates in terms of your monthly
Speaker 2: payment significantly, and the size house that you can afford
Speaker 2: changes dramatically as a result of that.
Speaker 3: So the key factor here is interest rates.
Speaker 2: Now, in the National Association of Homebuilders a report here
Speaker 2: they point out key factors that can impact the housing
Speaker 2: market index. Top of the list, interest rates have a
Speaker 2: significant impact on the overall housing market condition. When mortgage
Speaker 2: rates are low, housing demand is high. However, when mortgage
Speaker 2: rates are high, it becomes more challenging for many Americans
Speaker 2: to afford a monthly mortgage payment for a home.
Speaker 3: That suits their needs.
Speaker 2: As home prices rise, many would be home buyers are
Speaker 2: pushed to the sidelines, leading to a decreased demand in
Speaker 2: the housing market and a drop in builder sentiment. Maybe
Speaker 2: this should be a course that Drome Powell line. Jerry
Speaker 2: Powell and the Federal Reserve need to hear when they
Speaker 2: do these interest rates and determine as far as what
Speaker 2: the interest rates are going to be. Illustrating HMI Elevated
Speaker 2: interest rates also impact the cost of borrowing for builders
Speaker 2: and can affect their ability to obtain construction loans, because
Speaker 2: not only does it affect the buyers of these but
Speaker 2: these homebuilders are having to borrow money in order to
Speaker 2: build these homes. So if those prices are up, they're
Speaker 2: more reluctant to sit on the sidelines, or they're more
Speaker 2: likely to sit on the sidelines as well. Record number
Speaker 2: of home builders are cutting prices. They talk about that
Speaker 2: sixty five percent of builders reported using sales incentives. Home
Speaker 2: builders have been dealing with sluggish economy and worry consumers
Speaker 2: and so on, and we've covered all that. So again,
Speaker 2: I can't emphasize enough what these homebuilding prices are, what
Speaker 2: the interest rates are, and with lower interest rate. What
Speaker 2: that would do to the economy, not only in the
Speaker 2: home building sector, but also anybody in a trucking industry
Speaker 2: planning on buying a truck, adding trucks to a fleet,
Speaker 2: if it's a more than one person operation, expanding and
Speaker 2: manufacturing facility, expanding a business, or so on. That all
Speaker 2: requires money. And if you're building onto your business or
Speaker 2: you're adding equipment, you're going to have to finance that,
Speaker 2: and that's going to cost you money. I want to
Speaker 2: say I went in the show with a kind of
Speaker 2: a very interesting I found this story extremely interesting. This
Speaker 2: past Saturday, Now this is probably going to be the
Speaker 2: one and only time I ever talked about Saturday Night Live.
Speaker 2: This past Saturday, Glenn Powell had a special guest in
Speaker 2: the audience when he hosted Saturday Night Live. During his
Speaker 2: opening monologue, the Running Man star revealed that he was
Speaker 2: originally supposed to host SNL four years ago, tied to
Speaker 2: the original premier date of Top Gun Maverick. He and
Speaker 2: his family were celebrating when he got a call to host,
Speaker 2: a moment they shared with their ups driver, who happened
Speaker 2: to be delivering a package at the same time. So
Speaker 2: we all took a selfie with him, and this is
Speaker 2: the selfie to mark the occasion. Powell held up the
Speaker 2: picture of revealing the actual selfie of him and his
Speaker 2: family and the UPS Driver. But then my dreams got
Speaker 2: taken away, he continued. Top Gun got delayed because of COVID.
Speaker 2: Due to SNL had to take back their offer. Lorne
Speaker 2: Michaels literally called me and said, without top Gun, and
Speaker 2: these are his words, no one will know who the
Speaker 2: fu are. Powell lamented that over the past four years,
Speaker 2: the UPS Driver might have thought that he was a liar,
Speaker 2: so when he got the call to host SNL again,
Speaker 2: he and his family decided to make things right. As
Speaker 2: he talks about, my sisters tracked him down. The women
Speaker 2: and my family are terrifying, he joked. They found the
Speaker 2: cell number of the UPS guy. His name is Mitch.
Speaker 2: So to prove to Mitch that I'm not a liar,
Speaker 2: I flew him all.
Speaker 3: The way to New York.
Speaker 2: He thought it was a scam, but he still came
Speaker 2: and he's sitting in the audience tonight. Powell then called
Speaker 2: Mitch on stage and the two snapping another selfie together
Speaker 2: to bring things to a full circle for the driver
Speaker 2: and the whole Powell clan. I had to wait my
Speaker 2: entire life plus four years to be here, said, but
Speaker 2: if I have learned anything it's that the best thing
Speaker 2: in lives don't happen overnight, and no one knows that
Speaker 2: better than ups.
Speaker 3: Folks that doesn't for us. Stay tuned for Retie Radio
Speaker 3: A Top the Hour.
Speaker 2: I'm Kevin Gordon, America struck a Network seven hundred WLW.
Speaker 11: News Traffic and Weather News Radio seven hundred WLW Cincinnati.
Speaker 7: Progress made on the bill to release the Fsteam files.
Speaker 7: But if your Top of the hour reports, I'm Lee
Speaker 7: Mawing breaking Dow