1 00:00:01,880 --> 00:00:05,080 Speaker 1: This is America's Trucking Network with Kevin Gordon. 2 00:00:06,800 --> 00:00:07,560 Speaker 2: Lulhaba more. 3 00:00:07,840 --> 00:00:11,200 Speaker 3: Thanks for tuning in on this Friday morning America's truck 4 00:00:11,200 --> 00:00:14,600 Speaker 3: in Network, the show that is the exception to the 5 00:00:14,680 --> 00:00:18,760 Speaker 3: rule that nothing good happens after midnight. There is a 6 00:00:18,840 --> 00:00:21,799 Speaker 3: whole lot of good news out there, so let's just 7 00:00:22,000 --> 00:00:25,040 Speaker 3: jump right into it. I've been watching over the last 8 00:00:25,079 --> 00:00:28,400 Speaker 3: several weeks. We've been hearing people talking about gas prices 9 00:00:28,440 --> 00:00:31,560 Speaker 3: getting down towards three dollars a gallon. They're talking about, 10 00:00:31,720 --> 00:00:33,880 Speaker 3: you know, they've had to tweak the numbers a little 11 00:00:33,880 --> 00:00:36,960 Speaker 3: bit to say that, well, you know, twenty seven states 12 00:00:36,960 --> 00:00:39,440 Speaker 3: are below three dollars a gallon, this, that and the 13 00:00:39,479 --> 00:00:41,920 Speaker 3: other thing, and then you know thirty states or below 14 00:00:42,280 --> 00:00:45,720 Speaker 3: three dollars a gallon. Well, for the first time since 15 00:00:46,600 --> 00:00:51,320 Speaker 3: May of twenty twenty one, the national average for gasoline 16 00:00:51,680 --> 00:00:55,240 Speaker 3: dips below three dollars a gallon. National average for a 17 00:00:55,280 --> 00:00:58,600 Speaker 3: gallon a regular gasoline hit a milestone this week when 18 00:00:58,640 --> 00:01:01,360 Speaker 3: it dipped below three dollars a gallon for the first 19 00:01:01,400 --> 00:01:05,880 Speaker 3: time in four years now. I see back in May 20 00:01:05,880 --> 00:01:09,640 Speaker 3: of twenty twenty one. That was right after the Trump 21 00:01:09,680 --> 00:01:13,120 Speaker 3: administration and before the Biden administration had a chance to 22 00:01:13,160 --> 00:01:16,720 Speaker 3: really screw things up. But back during the Trump administration, 23 00:01:17,560 --> 00:01:21,080 Speaker 3: gasoline was well below as a matter of fact. 24 00:01:20,880 --> 00:01:22,800 Speaker 2: On this date in twenty twenty. 25 00:01:23,040 --> 00:01:26,440 Speaker 3: Back during that period of time, gasoline in twenty twenty 26 00:01:26,720 --> 00:01:29,320 Speaker 3: was at two dollars and twenty five cents a gallon, 27 00:01:29,760 --> 00:01:33,560 Speaker 3: and it was a national average, and the diesel was 28 00:01:33,600 --> 00:01:36,800 Speaker 3: at two dollars and fifty three cents a gallon. Now, 29 00:01:36,800 --> 00:01:40,120 Speaker 3: we're seeing the prices of gasoline coming down, but we're 30 00:01:40,160 --> 00:01:43,760 Speaker 3: not quite seeing the decrease in diesel the way I 31 00:01:43,760 --> 00:01:45,320 Speaker 3: would like to see it. As a matter of fact, 32 00:01:45,319 --> 00:01:47,880 Speaker 3: we're paying a little bit more per gallon this year 33 00:01:48,000 --> 00:01:51,280 Speaker 3: for diesel than we were this time last year. As 34 00:01:51,320 --> 00:01:55,000 Speaker 3: far as gasoline's concern, it's down about five cents a gallon. However, 35 00:01:55,120 --> 00:01:59,640 Speaker 3: again dip below three dollars a gallon for the first 36 00:01:59,720 --> 00:02:02,440 Speaker 3: time since May of twenty twenty one. Crude oil prices 37 00:02:02,480 --> 00:02:05,400 Speaker 3: remained on the lower side around sixty dollars a barrel. 38 00:02:05,760 --> 00:02:10,799 Speaker 3: Sluggish gas demand and cheaper to produce winter blend gasoline 39 00:02:10,919 --> 00:02:13,359 Speaker 3: are also contributing to the drop at the pump. 40 00:02:14,200 --> 00:02:14,480 Speaker 2: Again. 41 00:02:14,560 --> 00:02:17,919 Speaker 3: Today's national average is two dollars and ninety nine cents 42 00:02:18,000 --> 00:02:20,280 Speaker 3: a gallon. Now, the last couple of days have been 43 00:02:20,400 --> 00:02:22,720 Speaker 3: like two dollars at ninety nine. And you know when 44 00:02:22,760 --> 00:02:24,200 Speaker 3: you go to the gas pump and you look at 45 00:02:24,200 --> 00:02:26,200 Speaker 3: the signs there and it always says like two dollars 46 00:02:26,200 --> 00:02:28,440 Speaker 3: and seventy five cents a gallon, But you have looked 47 00:02:28,440 --> 00:02:30,799 Speaker 3: in the upper right hand corners two dollars and seventy 48 00:02:30,800 --> 00:02:34,600 Speaker 3: five cents point nine nine tenths of a cent, So 49 00:02:34,960 --> 00:02:37,320 Speaker 3: it's actually two dollars and seventy six cents. But that 50 00:02:37,440 --> 00:02:40,040 Speaker 3: two dollars seventy five cents looks a lot better. And 51 00:02:40,160 --> 00:02:42,680 Speaker 3: for the last last week or so, it's been at 52 00:02:42,720 --> 00:02:46,320 Speaker 3: two two dollars and ninety nine cents, you know, two 53 00:02:46,320 --> 00:02:49,880 Speaker 3: dollars ninety nine point five, so you round that up 54 00:02:49,880 --> 00:02:50,520 Speaker 3: to three dollars. 55 00:02:50,600 --> 00:02:52,359 Speaker 2: So I haven't been comfortable talking about that. 56 00:02:52,720 --> 00:02:57,000 Speaker 3: But now we are officially below that three dollars a gallon, 57 00:02:57,320 --> 00:03:00,560 Speaker 3: which is heading in the right direction. You know, we 58 00:03:00,600 --> 00:03:03,919 Speaker 3: started we keep hearing all this crap from the liberals 59 00:03:03,960 --> 00:03:06,919 Speaker 3: and the Democratic Party talking about affordability. 60 00:03:06,919 --> 00:03:09,040 Speaker 2: All of a sudden, where the hell were. 61 00:03:08,919 --> 00:03:13,240 Speaker 3: These people during the trumpet or by the Biden administration 62 00:03:14,080 --> 00:03:17,200 Speaker 3: when gas went from as I said, at the end 63 00:03:17,280 --> 00:03:20,880 Speaker 3: of the Trump administration in December of twenty twenty at 64 00:03:20,880 --> 00:03:23,760 Speaker 3: two dollars and twenty five cents a gallon, and then 65 00:03:24,000 --> 00:03:27,239 Speaker 3: by May actually got up to three dollars a gallon. 66 00:03:27,680 --> 00:03:28,840 Speaker 2: So even though. 67 00:03:28,720 --> 00:03:31,440 Speaker 3: We are down below where we were four years ago, 68 00:03:32,160 --> 00:03:35,800 Speaker 3: it was already up seventy five cents a gallon just 69 00:03:36,040 --> 00:03:38,120 Speaker 3: in a four or five month period of time in 70 00:03:38,200 --> 00:03:40,640 Speaker 3: the first four or five months of the Biden administration. 71 00:03:41,160 --> 00:03:45,680 Speaker 3: By the time Russia invaded Ukraine, gas had already gone 72 00:03:45,800 --> 00:03:49,560 Speaker 3: up to about a dollar twenty five higher than what 73 00:03:49,920 --> 00:03:53,520 Speaker 3: it was during the Trump administration. Where was the affordability 74 00:03:53,600 --> 00:03:56,600 Speaker 3: comments back then? All we heard from the people with 75 00:03:56,680 --> 00:03:59,280 Speaker 3: as far as that when they started seeing the inflation, oh, 76 00:03:59,320 --> 00:04:03,280 Speaker 3: it's transy, it's gonna it's you know, which means it's temporary, 77 00:04:03,280 --> 00:04:04,320 Speaker 3: it's gonna go away. 78 00:04:04,560 --> 00:04:05,600 Speaker 2: What was transitory? 79 00:04:05,600 --> 00:04:08,480 Speaker 3: I guess in May, June, July, August, September of twenty 80 00:04:08,520 --> 00:04:12,040 Speaker 3: twenty one on into twenty twenty two, and then finally 81 00:04:12,080 --> 00:04:14,920 Speaker 3: in March, I guess the Federal Reserve line Jerry Powell 82 00:04:14,920 --> 00:04:17,400 Speaker 3: decided that, well, you know, it isn't transitory. We need 83 00:04:17,400 --> 00:04:20,080 Speaker 3: to start cutting interest rates. But by then most of 84 00:04:20,080 --> 00:04:24,200 Speaker 3: the damage have been done. Once Russia invaded Ukraine in 85 00:04:24,279 --> 00:04:28,040 Speaker 3: February of twenty twenty two, then gas prices started spiking. 86 00:04:28,080 --> 00:04:29,560 Speaker 2: As a matter of fact, in June. 87 00:04:29,680 --> 00:04:32,719 Speaker 3: Let's not forget, in June of twenty twenty two, the 88 00:04:32,880 --> 00:04:38,400 Speaker 3: national average across the board for gasoline short term memories, 89 00:04:38,480 --> 00:04:42,719 Speaker 3: right was it five dollars five dollars and two cents 90 00:04:42,720 --> 00:04:46,640 Speaker 3: a gallon? Five dollars and two cents a gallon? Where 91 00:04:46,680 --> 00:04:50,320 Speaker 3: were the calls for affordability back then? Gas price has 92 00:04:50,320 --> 00:04:53,240 Speaker 3: already gone up a dollar twenty five a gallons prior 93 00:04:53,320 --> 00:04:55,880 Speaker 3: to the invasion, and then right after the invasion it 94 00:04:55,960 --> 00:04:58,919 Speaker 3: went up to right around four dollars and fifty cents, 95 00:04:59,080 --> 00:05:01,839 Speaker 3: and people were asking the Biden administration how long do 96 00:05:01,880 --> 00:05:04,640 Speaker 3: you expect people to pay this amount of money? Because 97 00:05:04,800 --> 00:05:07,560 Speaker 3: you know, when they first came in office, they started saying, Okay, 98 00:05:07,600 --> 00:05:09,080 Speaker 3: we're not going to drill in the golf, we're not 99 00:05:09,120 --> 00:05:11,719 Speaker 3: going to drill in Alaska, We're going to stop selling 100 00:05:11,760 --> 00:05:15,159 Speaker 3: oil leases, even though that by law they were supposed 101 00:05:15,200 --> 00:05:17,520 Speaker 3: to do that. So you know, again, where was the 102 00:05:17,560 --> 00:05:21,600 Speaker 3: calls for following the law. And so the prices of 103 00:05:21,960 --> 00:05:26,320 Speaker 3: gasoline we started importing more gas. We became the final 104 00:05:26,400 --> 00:05:29,600 Speaker 3: year of the Trump administration, Let's not forget, we were 105 00:05:29,800 --> 00:05:32,800 Speaker 3: energy independent for the first time since nineteen forty nine. 106 00:05:33,440 --> 00:05:35,560 Speaker 2: Nineteen forty nine. 107 00:05:35,960 --> 00:05:40,800 Speaker 3: Seventy plus years, we were independent, energy independent for the 108 00:05:40,839 --> 00:05:43,600 Speaker 3: first time. It took us longer to get to that 109 00:05:43,839 --> 00:05:48,680 Speaker 3: than Queen Elizabeth sat on the throne of England as 110 00:05:48,720 --> 00:05:51,960 Speaker 3: long as the USSR was in existence. It took us 111 00:05:52,120 --> 00:05:54,920 Speaker 3: longer than that to get to energy independence. And it 112 00:05:55,000 --> 00:05:58,000 Speaker 3: was during the Trump administration in his first term, and 113 00:05:58,080 --> 00:06:01,560 Speaker 3: we were heading in that direction. At least. We are 114 00:06:01,640 --> 00:06:05,040 Speaker 3: now driving the oil markets and we are driving the 115 00:06:05,160 --> 00:06:08,360 Speaker 3: energy prices worldwide, which is a good thing. But back 116 00:06:08,400 --> 00:06:10,560 Speaker 3: then it was, oh, you know, gas price is one 117 00:06:10,640 --> 00:06:13,640 Speaker 3: up the average national average across the board of five 118 00:06:13,720 --> 00:06:17,520 Speaker 3: dollars per gallon. Where was the cause for affordability? Then now, 119 00:06:17,560 --> 00:06:20,440 Speaker 3: all of a sudden, the Democrats are concerned about affordability 120 00:06:20,760 --> 00:06:23,640 Speaker 3: when they had inflation at nine point one percent in 121 00:06:23,720 --> 00:06:26,839 Speaker 3: June of twenty twenty two. It just fries me that 122 00:06:26,920 --> 00:06:30,400 Speaker 3: the people that create the problem are the people that 123 00:06:30,440 --> 00:06:35,920 Speaker 3: are now tweaking and that are criticizing how it's done. 124 00:06:36,000 --> 00:06:42,239 Speaker 3: And I heard the analogy the other day that Okay, 125 00:06:42,720 --> 00:06:45,920 Speaker 3: you have a party and somebody gets. 126 00:06:45,800 --> 00:06:49,680 Speaker 2: Drunk, and the homeowner whatever. 127 00:06:49,279 --> 00:06:51,600 Speaker 3: Gets drunk and he gets out of control and he 128 00:06:51,640 --> 00:06:54,640 Speaker 3: winds up throwing up on the carpet. And then when 129 00:06:54,680 --> 00:06:57,039 Speaker 3: the person comes in to clean the carpet and is 130 00:06:57,080 --> 00:06:59,880 Speaker 3: down on their hands and knees cleaning up the spots 131 00:07:00,080 --> 00:07:02,440 Speaker 3: trying to get the stink out of the carpet. They 132 00:07:02,440 --> 00:07:05,080 Speaker 3: are standing there telling them, well, you need to do this, 133 00:07:05,080 --> 00:07:07,960 Speaker 3: this is how you need to do this, and criticizing 134 00:07:08,000 --> 00:07:08,880 Speaker 3: the way that they're. 135 00:07:08,720 --> 00:07:09,600 Speaker 2: Doing the cleanup. 136 00:07:10,040 --> 00:07:14,040 Speaker 3: I mean, give me a break, so you know, I'm 137 00:07:14,120 --> 00:07:16,560 Speaker 3: just it just bothers me that, you know what I 138 00:07:16,600 --> 00:07:20,400 Speaker 3: keep hearing from the Democrats and when they start talking 139 00:07:20,440 --> 00:07:22,680 Speaker 3: about affordability and so on. I'm going to post this 140 00:07:22,760 --> 00:07:26,720 Speaker 3: story on Facebook because it's actually from the Triple A 141 00:07:27,200 --> 00:07:30,800 Speaker 3: and they talk about they go through, you know, the 142 00:07:30,880 --> 00:07:33,200 Speaker 3: national average and so on, but then they also give 143 00:07:33,280 --> 00:07:36,240 Speaker 3: some statistics in terms of ev charging. The national average 144 00:07:36,280 --> 00:07:40,560 Speaker 3: per kilowatt hour of electricity at public ev charging stations 145 00:07:40,880 --> 00:07:42,360 Speaker 3: stayed the same this past week. 146 00:07:42,400 --> 00:07:43,440 Speaker 2: At thirty eight cents. 147 00:07:44,160 --> 00:07:47,800 Speaker 3: They talk about the states the ten most expensive gasoline, 148 00:07:47,920 --> 00:07:50,120 Speaker 3: of course California. 149 00:07:49,320 --> 00:07:52,240 Speaker 2: And what blows me away, is that California is. 150 00:07:52,360 --> 00:07:57,680 Speaker 3: Higher, is actually seven cents higher than Hawaii. Okay, there 151 00:07:57,760 --> 00:08:02,440 Speaker 3: is not a refinery in Hawaii, aren't gas There aren't oil. 152 00:08:02,200 --> 00:08:03,320 Speaker 2: Wells in Hawaii. 153 00:08:03,560 --> 00:08:07,400 Speaker 3: They have to import everything, and you know, the gasoline 154 00:08:07,640 --> 00:08:12,800 Speaker 3: has to be transported across the Pacific to get to Hawaii. 155 00:08:13,000 --> 00:08:15,920 Speaker 3: And even with the transportation costs and the cost of 156 00:08:15,960 --> 00:08:19,360 Speaker 3: that that Hawaii's prices are still lower than California. 157 00:08:20,080 --> 00:08:20,600 Speaker 2: Let's see. 158 00:08:20,840 --> 00:08:26,360 Speaker 3: Well, anyway, I'll put this on Facebook, but it's amazing California, Hawaii, Washington, Nevada, 159 00:08:26,400 --> 00:08:30,640 Speaker 3: Alaska again up there in Alaska that California is the 160 00:08:30,760 --> 00:08:32,480 Speaker 3: highest in the country and then of course they go 161 00:08:32,520 --> 00:08:34,800 Speaker 3: into the lowest. So I'll post that on Facebook so 162 00:08:34,840 --> 00:08:37,680 Speaker 3: that you can take a look at that weekly's Jabas claims, 163 00:08:37,679 --> 00:08:38,480 Speaker 3: which we'll get to. 164 00:08:38,920 --> 00:08:40,559 Speaker 2: Coming up in the next segment. 165 00:08:43,200 --> 00:08:47,200 Speaker 3: Again, all this talk that we heard since Liberation Day 166 00:08:47,320 --> 00:08:50,600 Speaker 3: on April the second, that we're going to have rampant inflation, 167 00:08:50,760 --> 00:08:53,439 Speaker 3: that we're going to go into a recession, that the 168 00:08:53,480 --> 00:08:56,760 Speaker 3: economic policies of this administration are horrible, and all this 169 00:08:56,840 --> 00:09:00,000 Speaker 3: sort of stuff, and yet everything is starting to turn 170 00:09:00,200 --> 00:09:02,880 Speaker 3: in the right direction. And yet all of a sudden, 171 00:09:02,960 --> 00:09:08,080 Speaker 3: we're hearing about affordability, and it just frosts me that 172 00:09:08,240 --> 00:09:11,719 Speaker 3: the people that and of course they're not going to 173 00:09:11,760 --> 00:09:14,960 Speaker 3: come up and say, here's how we would solve the problem, 174 00:09:15,240 --> 00:09:18,839 Speaker 3: here's what we need to do to affordability. No, they 175 00:09:18,880 --> 00:09:21,160 Speaker 3: just want to say, well, he's just not making things 176 00:09:21,200 --> 00:09:25,160 Speaker 3: more affordable. Give me not cleaning up the vomit properly 177 00:09:25,360 --> 00:09:27,960 Speaker 3: the way that you guys did when you soiled the carpet. 178 00:09:28,040 --> 00:09:32,080 Speaker 3: I'm Kevin Gordon, America's truck at Network seven hundred WLW. 179 00:09:32,960 --> 00:09:36,000 Speaker 1: I need this is the racing repard on America's truck 180 00:09:36,040 --> 00:09:38,480 Speaker 1: and needwork on seven hundred WLW. 181 00:09:39,200 --> 00:09:41,640 Speaker 4: The court case between twenty three eleven and front Row 182 00:09:41,679 --> 00:09:46,200 Speaker 4: Motorsports suing NASCAR continued Friday in Charlotte, North Carolina. During 183 00:09:46,200 --> 00:09:49,439 Speaker 4: the questioning of front Row Motorsports owner Bob Jenkins, NASCAR 184 00:09:49,600 --> 00:09:52,680 Speaker 4: was called out by Judge Kenneth Bell during the trial. 185 00:09:52,960 --> 00:09:55,960 Speaker 4: Day three ended when stern warnings from Bell came after 186 00:09:56,040 --> 00:10:00,920 Speaker 4: NASCAR's legal team violated court orders and evidentiary rule. Chris 187 00:10:00,960 --> 00:10:04,160 Speaker 4: Gabeart has left Joe Gibbs Racing, and he was the 188 00:10:04,200 --> 00:10:07,960 Speaker 4: director of competitions for JGR rumors are Gaye part is 189 00:10:08,000 --> 00:10:11,440 Speaker 4: moving to Spire Motor Sports next season. The Indianapolis Motor 190 00:10:11,440 --> 00:10:14,920 Speaker 4: Speedway is releasing a four part mini series documenting its 191 00:10:15,120 --> 00:10:19,559 Speaker 4: historic repay that uncovered the Spiedsway's iconic brick race surface 192 00:10:19,800 --> 00:10:23,400 Speaker 4: and the original crush stone tar track surface. The series 193 00:10:23,440 --> 00:10:26,520 Speaker 4: will run December eighth through the eleventh and be available 194 00:10:26,559 --> 00:10:31,880 Speaker 4: on the IMS social media channels including Facebook, Instagram, TikTok x, 195 00:10:31,960 --> 00:10:35,120 Speaker 4: and YouTube. On Sunday, Formula one will crown the twenty 196 00:10:35,160 --> 00:10:36,480 Speaker 4: twenty five world champion. 197 00:10:36,720 --> 00:10:38,480 Speaker 2: Will it be Lando Norris? Will it be. 198 00:10:38,480 --> 00:10:42,080 Speaker 4: Max for Staffan or Oscar Piastre. Those three are split 199 00:10:42,120 --> 00:10:45,560 Speaker 4: by just sixteen points heading into Sunday's finale. Norris on 200 00:10:45,640 --> 00:10:47,880 Speaker 4: any chance he holds the points lead, but barely. 201 00:10:48,000 --> 00:10:50,920 Speaker 5: Yeah, nothing does change, Like I mean, he gets treated 202 00:10:50,960 --> 00:10:55,199 Speaker 5: the same from everyone inside the team, just more excitement 203 00:10:55,240 --> 00:10:57,480 Speaker 5: I guess for eye at the same time. So but 204 00:10:57,600 --> 00:10:59,640 Speaker 5: apart from that, the work and how you approach it 205 00:10:59,679 --> 00:11:00,960 Speaker 5: all remains the same. 206 00:11:01,760 --> 00:11:02,240 Speaker 2: I need. 207 00:11:02,240 --> 00:11:05,600 Speaker 1: This is the racing repard on America's Drugging Network on 208 00:11:05,760 --> 00:11:10,319 Speaker 1: seven hundred WLW, everybody have a great weekend, segnetis and 209 00:11:10,440 --> 00:11:18,720 Speaker 1: at night news Radio seven hundred WLW and iHeartRadio station 210 00:11:19,280 --> 00:11:24,400 Speaker 1: Guarantee Human seven hundred WLW, HI Heard Radio. 211 00:11:24,960 --> 00:11:27,760 Speaker 6: It's former Bengal and Pro Football Hall of Famer Anthony Munoz. 212 00:11:27,960 --> 00:11:29,920 Speaker 2: You know me from my skin for good news. 213 00:11:29,960 --> 00:11:34,280 Speaker 3: Here us weekly jobless claims tombow to the lowest level 214 00:11:34,360 --> 00:11:37,240 Speaker 3: in more than three years. All right, we now have 215 00:11:37,360 --> 00:11:41,320 Speaker 3: gasoline prices that are the lowest level nationwide that they've 216 00:11:41,360 --> 00:11:44,480 Speaker 3: been in four years. We now have the weekly jobless 217 00:11:44,520 --> 00:11:46,560 Speaker 3: claims the lowest in three years. 218 00:11:46,840 --> 00:11:47,920 Speaker 2: Huh. You know what? 219 00:11:48,360 --> 00:11:51,480 Speaker 3: You know, I've been talking about how the spoon fed 220 00:11:51,520 --> 00:11:54,480 Speaker 3: regurgitators of the mainstream media have been trying to talk 221 00:11:54,520 --> 00:11:58,520 Speaker 3: down the economy, trying to manufacture a recession, that all 222 00:11:58,600 --> 00:12:02,400 Speaker 3: the lies that they're telling about the negative coverage of 223 00:12:02,480 --> 00:12:06,360 Speaker 3: the administration the economic policies are wrong. And now we're 224 00:12:06,360 --> 00:12:08,400 Speaker 3: seeing some of these numbers coming out. And you know what, 225 00:12:09,320 --> 00:12:11,760 Speaker 3: I don't mind being right all the time. You know 226 00:12:12,120 --> 00:12:14,480 Speaker 3: the fact that you listen to this show and you 227 00:12:14,600 --> 00:12:17,080 Speaker 3: know what's going on, you hear what's going on, and 228 00:12:17,160 --> 00:12:20,640 Speaker 3: push out all the negativity from the spoon federal regurgitators. 229 00:12:20,840 --> 00:12:23,000 Speaker 2: You were so far ahead of the curve. They don't 230 00:12:23,000 --> 00:12:24,959 Speaker 2: even see your tail lights. The number of. 231 00:12:24,880 --> 00:12:28,520 Speaker 3: Americans finally for new application front employment benefits dropped to 232 00:12:28,600 --> 00:12:31,240 Speaker 3: the lowest level in more than three years last week, 233 00:12:31,480 --> 00:12:35,480 Speaker 3: allaying fears of a sharp deterioration in the labor market 234 00:12:35,520 --> 00:12:40,360 Speaker 3: conditions and potentially arguing against another interest rate cut from 235 00:12:40,480 --> 00:12:43,280 Speaker 3: the Federal Reserve, which I say is a bunch of crap. 236 00:12:43,360 --> 00:12:47,240 Speaker 3: Also because again when we had the numbers yesterday, we 237 00:12:47,240 --> 00:12:49,920 Speaker 3: were talking about retail sales and we were talking about 238 00:12:49,920 --> 00:12:54,520 Speaker 3: the economy in Europe that they had been seeing. They've 239 00:12:54,520 --> 00:12:57,280 Speaker 3: been experiencing a boom or you know, at least an 240 00:12:57,320 --> 00:13:01,760 Speaker 3: increase in their economy there, and prices or shoppers going out, 241 00:13:01,760 --> 00:13:05,319 Speaker 3: retail sales up because of the what do they call 242 00:13:06,040 --> 00:13:09,959 Speaker 3: how do they put it, the series of interest rate 243 00:13:10,160 --> 00:13:15,160 Speaker 3: cuts since last year. Interest rate lower interest rates put 244 00:13:15,240 --> 00:13:18,319 Speaker 3: more money in your pocket, which means that then you 245 00:13:18,360 --> 00:13:21,199 Speaker 3: could determine how you spend your money. If you want 246 00:13:21,240 --> 00:13:24,320 Speaker 3: to put some of that money aside in the savings account, fine, 247 00:13:24,559 --> 00:13:26,920 Speaker 3: if you want to go out and spend that money, fine, 248 00:13:27,160 --> 00:13:29,840 Speaker 3: But it puts you in control of your money and 249 00:13:29,920 --> 00:13:33,680 Speaker 3: making the decisions that you make instead of the policymakers 250 00:13:33,800 --> 00:13:36,839 Speaker 3: like Lion Jerry Powell making sure that interest rates are 251 00:13:36,840 --> 00:13:39,760 Speaker 3: so high that you're having to pay more in order 252 00:13:39,800 --> 00:13:42,400 Speaker 3: to finance certain things on your credit cards, either on 253 00:13:42,480 --> 00:13:45,800 Speaker 3: your home, buying a house, buying a car, buying a truck, 254 00:13:46,040 --> 00:13:50,079 Speaker 3: expanding your business, and so on. So let the people decide, 255 00:13:50,160 --> 00:13:53,680 Speaker 3: and lowering interest rates is not going to lead to inflation. 256 00:13:54,080 --> 00:13:55,760 Speaker 2: So anyway, here we go week. 257 00:13:55,600 --> 00:13:58,480 Speaker 3: Out Employment claims reported by the Labor Department on Thursday, 258 00:13:58,840 --> 00:14:03,040 Speaker 3: the most timely on the economy's health, following on the 259 00:14:03,080 --> 00:14:07,120 Speaker 3: heels of the ADP Employment report on Wednesday showing private 260 00:14:07,160 --> 00:14:09,679 Speaker 3: payrolls decrease the most more than two and a half 261 00:14:09,800 --> 00:14:13,559 Speaker 3: years in November. But again, as we talked about yesterday, 262 00:14:13,720 --> 00:14:16,600 Speaker 3: the ADP numbers when they come out, generally the so 263 00:14:16,720 --> 00:14:20,920 Speaker 3: called experts say that, well that's kind of an interesting report, 264 00:14:21,240 --> 00:14:24,400 Speaker 3: but it's not very reliable and it's not one that 265 00:14:25,080 --> 00:14:26,200 Speaker 3: the Federal. 266 00:14:25,880 --> 00:14:27,360 Speaker 2: Reserve pays much attention to. 267 00:14:27,640 --> 00:14:30,240 Speaker 3: And especially within the report itself that we were talking 268 00:14:30,240 --> 00:14:34,080 Speaker 3: about yesterday, they started talking about the adjusted numbers. Well, again, 269 00:14:34,360 --> 00:14:38,880 Speaker 3: if you're a payroll processing firm and you process X 270 00:14:39,000 --> 00:14:43,200 Speaker 3: number of paychecks on a weekly, bi weekly, monthly basis, 271 00:14:43,560 --> 00:14:46,320 Speaker 3: then you know how many checks you have processed. If 272 00:14:46,360 --> 00:14:49,160 Speaker 3: those numbers go up, if they go down, you should 273 00:14:49,200 --> 00:14:53,120 Speaker 3: know that number in real time. Why the following month 274 00:14:53,320 --> 00:14:56,920 Speaker 3: would those numbers be adjusted shocks me. I mean if 275 00:14:57,000 --> 00:14:59,080 Speaker 3: I go into if I go into a grocery store 276 00:14:59,440 --> 00:15:02,480 Speaker 3: and I have I have fifty dollars in my pocket 277 00:15:02,760 --> 00:15:05,720 Speaker 3: and I spend forty and I have ten dollars left 278 00:15:05,720 --> 00:15:07,360 Speaker 3: in my pocket, I know in real time that. 279 00:15:07,440 --> 00:15:08,680 Speaker 2: I just spent forty dollars. 280 00:15:08,840 --> 00:15:10,840 Speaker 3: I don't go back later on the next day or 281 00:15:10,880 --> 00:15:13,000 Speaker 3: two days later and say, gee whiz, I'm going to 282 00:15:13,040 --> 00:15:16,480 Speaker 3: adjust my grocery purchases up to forty two dollars because 283 00:15:16,480 --> 00:15:18,520 Speaker 3: they still have ten dollars in my pocket. I don't 284 00:15:18,520 --> 00:15:21,680 Speaker 3: get this. So if they're processing the payroll and they 285 00:15:21,720 --> 00:15:24,160 Speaker 3: know on a weekly, bi weekly, monthly basis how many 286 00:15:24,160 --> 00:15:26,800 Speaker 3: payroll checks that they have processed compared to last month, 287 00:15:26,920 --> 00:15:29,080 Speaker 3: they should have that number in real time. But again 288 00:15:29,520 --> 00:15:31,880 Speaker 3: they have to throw that in here. The job losses. 289 00:15:32,160 --> 00:15:35,920 Speaker 3: This is now, this is interesting. Usually this guy, Christopher Rupky, 290 00:15:36,200 --> 00:15:39,520 Speaker 3: chief economists at Forward Bonds, generally comes up with some 291 00:15:39,560 --> 00:15:42,640 Speaker 3: really stupid comments, But this time around I got to 292 00:15:42,680 --> 00:15:47,680 Speaker 3: give him credit. Those job losses from other alternative measures 293 00:15:48,320 --> 00:15:52,920 Speaker 3: alternative measures of labor statistics may be overstating the weakness 294 00:15:53,040 --> 00:15:55,760 Speaker 3: of the nation's employment market. In other words, what they're 295 00:15:55,800 --> 00:15:58,640 Speaker 3: saying is that all these calls that the labor market 296 00:15:58,680 --> 00:16:02,760 Speaker 3: is weak is not apparently are not accurate, and he's 297 00:16:02,800 --> 00:16:06,000 Speaker 3: actually finally seeing the writing on the wall. The t 298 00:16:06,200 --> 00:16:09,040 Speaker 3: leave readers at the Federal Reserve may need to recheck 299 00:16:09,080 --> 00:16:11,920 Speaker 3: their figures because it certainly does not look like economic 300 00:16:12,000 --> 00:16:16,600 Speaker 3: growth is in danger of stalling out again, disproving all 301 00:16:16,680 --> 00:16:19,760 Speaker 3: the negativity from the spoon federal regurgitators in the mainstream 302 00:16:19,800 --> 00:16:23,680 Speaker 3: media trying to manufacture a recession, all the indications that 303 00:16:23,720 --> 00:16:25,880 Speaker 3: they had, all the stuff that they've been talking about 304 00:16:25,880 --> 00:16:29,200 Speaker 3: for the last well actually since Trump came into office. 305 00:16:29,320 --> 00:16:31,600 Speaker 3: And let's not face I mean, let's face it. I mean, 306 00:16:31,760 --> 00:16:34,480 Speaker 3: you go back to the ten years since Trump came 307 00:16:34,520 --> 00:16:38,040 Speaker 3: down the escalator, the Golden escalator there at Trump Towers, 308 00:16:38,240 --> 00:16:43,600 Speaker 3: nothing but ninety some percentage negative coverage of Donald Trump, 309 00:16:43,880 --> 00:16:47,600 Speaker 3: ninety some percentage negative coverage of his first term, ninety 310 00:16:47,600 --> 00:16:51,440 Speaker 3: some percentage against Trump while he was out of office, 311 00:16:51,480 --> 00:16:54,400 Speaker 3: and then ninety some percent negative coverage since he's been 312 00:16:54,400 --> 00:16:57,600 Speaker 3: in office, and ninety some percent negative coverage of his 313 00:16:57,720 --> 00:17:01,320 Speaker 3: economic policies, even though we know what the statistics were 314 00:17:01,360 --> 00:17:04,359 Speaker 3: back in five years ago at the end of his term. 315 00:17:04,640 --> 00:17:07,760 Speaker 3: But again, you know, apparently they think that we're stupid 316 00:17:07,760 --> 00:17:09,720 Speaker 3: and we can't go back and look these numbers up. 317 00:17:09,960 --> 00:17:13,239 Speaker 3: But I finally, it's interesting that Christopher Rookie had some 318 00:17:13,320 --> 00:17:15,679 Speaker 3: positive things to say, because, like I said a lot 319 00:17:15,760 --> 00:17:19,000 Speaker 3: of times, he has kind of a bit off, should 320 00:17:19,000 --> 00:17:22,320 Speaker 3: I say, Initial claims for the state unemployment benefits fell 321 00:17:22,520 --> 00:17:27,239 Speaker 3: twenty seven thousand to a seasonally adjusted one hundred and 322 00:17:27,400 --> 00:17:31,440 Speaker 3: ninety one thousand for the week ended November twenty ninth. Now, 323 00:17:31,640 --> 00:17:34,199 Speaker 3: remember what we've been saying over the last several weeks 324 00:17:34,520 --> 00:17:38,200 Speaker 3: or actually several months, that the range of unemployment claims 325 00:17:38,359 --> 00:17:41,560 Speaker 3: has been going between about two hundred and ten thousand 326 00:17:41,720 --> 00:17:44,480 Speaker 3: up to two hundred and fifty thousand over pretty much 327 00:17:44,520 --> 00:17:47,040 Speaker 3: the last couple of years, and they have been and 328 00:17:47,080 --> 00:17:49,639 Speaker 3: the economists have been talking about that that is somewhat 329 00:17:49,680 --> 00:17:52,760 Speaker 3: of a comfortable range for them, that anything above that 330 00:17:53,040 --> 00:17:55,680 Speaker 3: is put the caution light on. Anything above two hundred 331 00:17:55,720 --> 00:17:58,000 Speaker 3: and fifty thousand in a week period of time should 332 00:17:58,000 --> 00:18:01,400 Speaker 3: be looked at and as kind of put the flashing 333 00:18:01,720 --> 00:18:02,639 Speaker 3: yellow lights on it. 334 00:18:03,080 --> 00:18:05,400 Speaker 2: Why do I keep bumping my microphone anyway? 335 00:18:07,119 --> 00:18:09,679 Speaker 3: And then we have in the low end of that 336 00:18:09,720 --> 00:18:12,080 Speaker 3: at two hundred and ten thousand, that anything less than 337 00:18:12,080 --> 00:18:13,000 Speaker 3: that is good news. 338 00:18:13,280 --> 00:18:16,639 Speaker 2: If these numbers have dropped twenty. 339 00:18:16,119 --> 00:18:20,639 Speaker 3: Seven thousand in one week down to one hundred and 340 00:18:20,800 --> 00:18:24,600 Speaker 3: ninety one thousand for the week, that should be considered 341 00:18:24,880 --> 00:18:28,800 Speaker 3: very good news. Lowest level since September of twenty twenty two. 342 00:18:29,240 --> 00:18:33,360 Speaker 3: Economists pulled by rutters had forecasts that the unemployment claims 343 00:18:33,359 --> 00:18:36,520 Speaker 3: were going to be two hundred and twenty thousand, So 344 00:18:36,560 --> 00:18:40,520 Speaker 3: they missed their analysis and their forecast by thirteen percent. 345 00:18:40,920 --> 00:18:46,560 Speaker 3: Unadjusted claims plunged n forty nine thousand, forty nine thousand, 346 00:18:46,600 --> 00:18:50,360 Speaker 3: four hundred to one hundred ninety seven thousand, two hundred 347 00:18:50,640 --> 00:18:54,159 Speaker 3: last week. The decline was more than double the twenty 348 00:18:54,200 --> 00:18:58,520 Speaker 3: one thousand drop that had been anticipated by seasonal factors, 349 00:18:58,760 --> 00:19:01,680 Speaker 3: the model that the government uses to strip out seasonal 350 00:19:01,720 --> 00:19:04,920 Speaker 3: fluctuations from the data. So in other words, it has 351 00:19:05,000 --> 00:19:08,040 Speaker 3: more than doubled what they had anticipated it to be. 352 00:19:08,480 --> 00:19:09,400 Speaker 2: The drop that. 353 00:19:09,480 --> 00:19:12,959 Speaker 3: Is, and so this is going to change things as 354 00:19:12,960 --> 00:19:15,840 Speaker 3: far as the Federal Reserve is concerned. They keep saying 355 00:19:16,080 --> 00:19:19,359 Speaker 3: that their mandata is to keep inflation low and to 356 00:19:19,400 --> 00:19:21,760 Speaker 3: make sure that the job market is strong. Well, if 357 00:19:21,800 --> 00:19:24,359 Speaker 3: the job market is strong, all this talk that they've 358 00:19:24,359 --> 00:19:26,840 Speaker 3: been talking about as being weak over the last period 359 00:19:26,880 --> 00:19:30,000 Speaker 3: of time, last several months, then with these numbers, it 360 00:19:30,040 --> 00:19:33,040 Speaker 3: looks like the job market is steady and strong. And 361 00:19:33,480 --> 00:19:36,280 Speaker 3: rather than them looking at that and saying, gee whiz, 362 00:19:36,320 --> 00:19:38,639 Speaker 3: things are pretty good, We're going to give a break 363 00:19:38,680 --> 00:19:41,159 Speaker 3: to the American public. We're going to give a break 364 00:19:41,160 --> 00:19:43,440 Speaker 3: to the people, and we're going to lower interest rates 365 00:19:43,520 --> 00:19:45,960 Speaker 3: so they have more money in their pocket. Don't count 366 00:19:45,960 --> 00:19:48,040 Speaker 3: on it. It'll be interesting to see what they do. I 367 00:19:48,080 --> 00:19:51,080 Speaker 3: hope they lower the interest rates, but I don't know. 368 00:19:51,400 --> 00:19:54,480 Speaker 2: You never know. With Lyon Jerry Powell, Una justin claims plunged. 369 00:19:54,720 --> 00:19:57,200 Speaker 3: I already said and said that last week's sharp drop 370 00:19:57,200 --> 00:19:58,639 Speaker 3: and applications. 371 00:19:58,160 --> 00:20:01,359 Speaker 2: Did not change the narrative of a stagnant labor market. 372 00:20:01,760 --> 00:20:04,720 Speaker 3: Job cuts are prevalent most segments of the economy, and 373 00:20:04,840 --> 00:20:05,480 Speaker 3: hiring is. 374 00:20:05,520 --> 00:20:06,560 Speaker 2: Teppe at best. 375 00:20:07,040 --> 00:20:10,399 Speaker 3: A separate report from global outplacement firm Challenger, Gray and 376 00:20:10,480 --> 00:20:14,520 Speaker 3: Christmas showed planned job cuts in the US based employers 377 00:20:14,560 --> 00:20:19,680 Speaker 3: declined fifty three percent to seventy one thousand in November now, 378 00:20:19,720 --> 00:20:23,000 Speaker 3: the previous month, if my memory is correct, they were 379 00:20:23,040 --> 00:20:25,919 Speaker 3: talking about that number being around one hundred and fifty 380 00:20:26,000 --> 00:20:29,080 Speaker 3: thousand that they were anticipating as job cuts. 381 00:20:29,480 --> 00:20:30,639 Speaker 2: So the fact that they. 382 00:20:30,600 --> 00:20:35,280 Speaker 3: Blew that by well, the number dropped by fifty three percent, 383 00:20:35,880 --> 00:20:37,919 Speaker 3: that should be a good sign and people should be 384 00:20:37,920 --> 00:20:41,040 Speaker 3: applauding that rather than just throwing that number out there 385 00:20:41,080 --> 00:20:43,440 Speaker 3: and just letting it hang. I we'll cover a little 386 00:20:43,440 --> 00:20:45,920 Speaker 3: bit more of this coming up. I'm Kevin Gordon, Merica's 387 00:20:45,960 --> 00:20:50,080 Speaker 3: truck at Network seven hundred WLW. 388 00:20:49,240 --> 00:20:51,040 Speaker 7: Eight and the rest of the country. In the Tri 389 00:20:51,200 --> 00:20:53,760 Speaker 7: State overnight mostly Claude, need the load dropping down to 390 00:20:53,840 --> 00:20:57,360 Speaker 7: sixteen mostly Sunday. Friday high at thirty four going into 391 00:20:57,400 --> 00:20:59,960 Speaker 7: the weekend Saturday, mostly Claude, with the chance of flurries, 392 00:21:00,119 --> 00:21:02,720 Speaker 7: highs in the upper thirties, mostly Claudia, the chances of snow. 393 00:21:02,800 --> 00:21:06,680 Speaker 7: Sunday a high of thirty five Nationally, snow continuing to 394 00:21:06,720 --> 00:21:10,480 Speaker 7: win back the Great Lakes region, interior Northeast Pacific, Northwestern Rockies, 395 00:21:10,760 --> 00:21:12,760 Speaker 7: and then into the northern Plains over the next couple 396 00:21:12,800 --> 00:21:15,440 Speaker 7: of days. The Gulf Coast scene moderate to heavy rain 397 00:21:15,520 --> 00:21:19,800 Speaker 7: with isolated flash flooding possible. Some wintry precipitation expected north 398 00:21:19,800 --> 00:21:23,080 Speaker 7: into the Appalachians and mid Atlantic. Friday. Aretic air fore 399 00:21:23,119 --> 00:21:25,800 Speaker 7: tasks to challenge record low temperatures across the northern mid 400 00:21:25,800 --> 00:21:28,120 Speaker 7: Atlantic to New England Friday. 401 00:21:30,200 --> 00:21:34,480 Speaker 3: Seven hundred w lw IM This American Stark Network. I'm 402 00:21:34,560 --> 00:21:36,480 Speaker 3: Kevin Gordon taking a look at this. I am just 403 00:21:37,119 --> 00:21:39,520 Speaker 3: I am absolutely amazed by this report. 404 00:21:39,560 --> 00:21:42,520 Speaker 2: This weekly job was claims. The initial job was Claims Report. 405 00:21:42,359 --> 00:21:45,440 Speaker 3: Because you know, all we've been hearing about is, you know, 406 00:21:45,560 --> 00:21:49,720 Speaker 3: the weakness of the economy, that things aren't looking as 407 00:21:49,760 --> 00:21:54,560 Speaker 3: good as they should, and the consumer confidence level being down. Well, 408 00:21:54,600 --> 00:21:57,400 Speaker 3: you know, if you keep being bombarded by negative coverage, 409 00:21:57,440 --> 00:22:02,760 Speaker 3: negative information, and you have a tendency of thinking that, well, 410 00:22:02,840 --> 00:22:06,439 Speaker 3: you know, maybe what I'm seeing is not what I'm seeing, 411 00:22:06,560 --> 00:22:09,880 Speaker 3: and so you know, our spoon fed regurgitator's mainstream meter 412 00:22:09,960 --> 00:22:13,320 Speaker 3: are basically gaslighting is And what we're seeing as far 413 00:22:13,359 --> 00:22:15,560 Speaker 3: as the retail sales, which we'll get to here shortly, 414 00:22:16,359 --> 00:22:19,720 Speaker 3: is the fact that people are comfortable within what they 415 00:22:19,760 --> 00:22:23,320 Speaker 3: are doing as far as their individual economies. They know 416 00:22:23,440 --> 00:22:28,040 Speaker 3: where they stand, they know what they're bringing in what 417 00:22:28,080 --> 00:22:31,320 Speaker 3: they're paying out, what their discretionary income is, what they 418 00:22:31,359 --> 00:22:35,199 Speaker 3: have left over after the government gets finished confiscating their wealth, 419 00:22:35,480 --> 00:22:37,520 Speaker 3: what they have left over after they pay their bills 420 00:22:37,560 --> 00:22:38,280 Speaker 3: and can go out. 421 00:22:38,119 --> 00:22:38,919 Speaker 2: And have some fun. 422 00:22:39,320 --> 00:22:42,600 Speaker 3: Yet all the negativity that they hear, they're thinking of, well, 423 00:22:42,640 --> 00:22:44,399 Speaker 3: gee whiz, I wonder how my neighbors are doing. I 424 00:22:44,400 --> 00:22:46,000 Speaker 3: wonder how the people up the street. I wonder how 425 00:22:46,000 --> 00:22:48,600 Speaker 3: everybody else is doing. I'm hearing the things are going bad. 426 00:22:48,840 --> 00:22:52,199 Speaker 3: So my confidence level in the economy is down, but 427 00:22:52,320 --> 00:22:55,359 Speaker 3: my confidence level in my own economy is fine. So 428 00:22:55,640 --> 00:22:58,560 Speaker 3: again they've got these mixed signals, which again is being 429 00:22:58,560 --> 00:23:01,640 Speaker 3: created by the spoon fed regrigislators in the mainstream media. 430 00:23:02,800 --> 00:23:06,320 Speaker 3: Let me see they were talking about. Let's see after 431 00:23:06,359 --> 00:23:06,880 Speaker 3: they got. 432 00:23:06,880 --> 00:23:08,080 Speaker 2: We picked this up. 433 00:23:08,440 --> 00:23:11,760 Speaker 3: We ended in the last segment that the Challenger, Gray 434 00:23:11,760 --> 00:23:14,680 Speaker 3: and Christmas showed planned job cuts in the US based 435 00:23:14,720 --> 00:23:19,760 Speaker 3: employers decline fifty three percent from what they had originally predicted. 436 00:23:20,440 --> 00:23:24,960 Speaker 3: But employers have announced about one point one seven one million, 437 00:23:25,040 --> 00:23:28,960 Speaker 3: one hundred and seventy one thousand million, one million, seven 438 00:23:29,080 --> 00:23:32,840 Speaker 3: one hello, one million, one hundred and seventy one thousand 439 00:23:33,119 --> 00:23:36,640 Speaker 3: jobs cuts so far. This year, up fifty four percent 440 00:23:36,960 --> 00:23:40,280 Speaker 3: versus the first eleven months of twenty twenty four. Most 441 00:23:40,280 --> 00:23:43,639 Speaker 3: of the layoffs have been in technology sectors as companies 442 00:23:43,760 --> 00:23:48,840 Speaker 3: integrate artificial intelligence in some roles. Now what we've been 443 00:23:48,880 --> 00:23:51,440 Speaker 3: hearing as far as the job market and what's going 444 00:23:51,440 --> 00:23:55,520 Speaker 3: on as far as that, oh, tariffs, poor economic policy 445 00:23:55,560 --> 00:23:59,400 Speaker 3: on the part of the Trump administration, No, the layoffs 446 00:23:59,440 --> 00:24:02,680 Speaker 3: mostly had been in technology. So the people that are 447 00:24:02,680 --> 00:24:06,560 Speaker 3: creating AI and the people that are jumping on board 448 00:24:06,600 --> 00:24:10,720 Speaker 3: with this and jumping in with both beet are basically 449 00:24:10,960 --> 00:24:14,280 Speaker 3: putting themselves out of business. So it's kind of interesting. 450 00:24:15,800 --> 00:24:19,199 Speaker 3: The Bureau of Labor Statistics closely watched employment report for 451 00:24:19,320 --> 00:24:23,879 Speaker 3: November originally do on Friday, has been delayed, so the 452 00:24:23,960 --> 00:24:27,200 Speaker 3: number of jobs that were created last month. They've delayed 453 00:24:27,200 --> 00:24:31,399 Speaker 3: that report until December the sixteenth because of the forty 454 00:24:31,400 --> 00:24:36,520 Speaker 3: three day Schumer shutdown, So it'll be interesting to see 455 00:24:37,440 --> 00:24:40,520 Speaker 3: how that plays out. But in the meantime, you're going 456 00:24:40,560 --> 00:24:44,080 Speaker 3: to have the Federal Reserve, which on December the ninth 457 00:24:44,119 --> 00:24:46,199 Speaker 3: and the tenth, they are going to be meeting and 458 00:24:46,280 --> 00:24:48,159 Speaker 3: making a determination what they're going to be doing with 459 00:24:48,240 --> 00:24:51,000 Speaker 3: job with interest rate cuts before the end of the year, 460 00:24:51,200 --> 00:24:51,840 Speaker 3: which is going to. 461 00:24:51,880 --> 00:24:52,840 Speaker 2: Kind of muddy the waters. 462 00:24:53,000 --> 00:24:56,240 Speaker 3: But maybe the Federal Reserve should take the twenty three 463 00:24:56,240 --> 00:24:59,240 Speaker 3: thousand employees take a look at that, have them do 464 00:24:59,320 --> 00:25:02,359 Speaker 3: a little bit of you know, sharpening their pencils and 465 00:25:02,960 --> 00:25:05,159 Speaker 3: come up with some numbers and come up with some 466 00:25:05,200 --> 00:25:07,199 Speaker 3: accurate information so that they can give them to the 467 00:25:07,200 --> 00:25:09,440 Speaker 3: Board of Governors so they can make an accurate decision 468 00:25:09,760 --> 00:25:11,960 Speaker 3: on what they should do with interest rate cuts. But 469 00:25:12,440 --> 00:25:15,800 Speaker 3: if they talk to the experts here on america'struck a network, 470 00:25:16,080 --> 00:25:19,200 Speaker 3: cut those interest rates by at least a quarter, if 471 00:25:19,240 --> 00:25:23,400 Speaker 3: not a full half percentage point, you'd see the housing 472 00:25:23,440 --> 00:25:24,320 Speaker 3: market increase. 473 00:25:24,600 --> 00:25:25,880 Speaker 2: You'd see people. 474 00:25:25,840 --> 00:25:31,520 Speaker 3: Spending more, You'd see businesses expanding, people buying more vehicles, 475 00:25:31,560 --> 00:25:34,560 Speaker 3: people buying trucks, people expanding their business and so on. 476 00:25:34,800 --> 00:25:35,960 Speaker 2: But that's okay, that's. 477 00:25:36,000 --> 00:25:39,000 Speaker 3: You know, that's my opinion, and you know I have 478 00:25:39,080 --> 00:25:41,119 Speaker 3: an opinion and I'm not afraid to use it. 479 00:25:41,320 --> 00:25:42,200 Speaker 2: Condomists view the. 480 00:25:42,160 --> 00:25:45,720 Speaker 3: Labor market as remaining in a no no higher state. 481 00:25:45,840 --> 00:25:48,280 Speaker 2: Well, again, that's been the situation for most of the year. 482 00:25:48,600 --> 00:25:51,600 Speaker 3: As many as five of the twelve voting policymakers on 483 00:25:51,640 --> 00:25:55,320 Speaker 3: the Central Bank's rate setting Federal Open Market Committee have 484 00:25:55,440 --> 00:26:00,640 Speaker 3: voiced opposition to or skepticism about cutting rates further, while 485 00:26:00,680 --> 00:26:03,160 Speaker 3: a core of three of the members Washington based Board 486 00:26:03,160 --> 00:26:06,520 Speaker 3: of Governors want rates to fall as well. 487 00:26:06,560 --> 00:26:09,280 Speaker 2: They should take a look at what's going. 488 00:26:09,200 --> 00:26:12,720 Speaker 3: Well, not everything going on in Europe, but at least 489 00:26:12,760 --> 00:26:15,600 Speaker 3: what their economy is doing as a result of the 490 00:26:15,640 --> 00:26:19,200 Speaker 3: series of rate cuts that began last year by their 491 00:26:19,320 --> 00:26:20,720 Speaker 3: central banks over there. 492 00:26:21,119 --> 00:26:22,120 Speaker 2: I love this paragraph. 493 00:26:23,040 --> 00:26:28,280 Speaker 3: Labor market status has been blamed for reduced labor and 494 00:26:28,320 --> 00:26:29,000 Speaker 3: I had to look that. 495 00:26:29,560 --> 00:26:31,920 Speaker 2: I said that they put the wrong word in there. 496 00:26:32,280 --> 00:26:34,600 Speaker 3: But of course, you know, when these people decide that 497 00:26:34,600 --> 00:26:38,400 Speaker 3: they're going to write an article, why use a twenty 498 00:26:38,480 --> 00:26:41,320 Speaker 3: five cent word when you can use a five dollars word. Right, 499 00:26:41,800 --> 00:26:48,679 Speaker 3: Status a period of or state of inactivity or equilibrium. So, 500 00:26:48,880 --> 00:26:52,920 Speaker 3: in other words, the labor market equilibrium has been blamed 501 00:26:52,960 --> 00:26:56,240 Speaker 3: on reduced labor supply amid the reduction of immigration that 502 00:26:56,359 --> 00:26:59,200 Speaker 3: started during the final year of the former president Joe 503 00:26:59,200 --> 00:27:04,199 Speaker 3: Biden's term and accelerated during Donald Trump's administration. Yeah, like 504 00:27:04,280 --> 00:27:08,120 Speaker 3: the last month of the Biden administration, Suddenly they decided that, oh, 505 00:27:08,160 --> 00:27:12,399 Speaker 3: you know what, after ten to fifteen million people invaded 506 00:27:12,400 --> 00:27:16,400 Speaker 3: this country. Maybe we should stop that flow. So they 507 00:27:16,440 --> 00:27:20,320 Speaker 3: got that message of the last month of the administration. 508 00:27:20,600 --> 00:27:24,359 Speaker 3: Integration of artificial intelligence some job roles is also a 509 00:27:24,440 --> 00:27:28,280 Speaker 3: routing demand for labor, with entry level positions taking the 510 00:27:28,280 --> 00:27:32,240 Speaker 3: most of the hit. Economists also say Trump's trade policies 511 00:27:32,240 --> 00:27:36,520 Speaker 3: have created uncertain economic environment that has hamstrung the ability 512 00:27:36,520 --> 00:27:43,480 Speaker 3: of business, especially small enterprises, to hire. Really, where's the 513 00:27:43,520 --> 00:27:46,879 Speaker 3: evidence of that. Where is the evidence that the economic 514 00:27:46,960 --> 00:27:51,240 Speaker 3: policy in terms of expenses or inflation has created people 515 00:27:51,440 --> 00:27:56,560 Speaker 3: to stop expanding or not hiring. Not mentioned in here anywhere. 516 00:27:56,560 --> 00:28:00,640 Speaker 3: Our interest rate cuts the interest rates that people are 517 00:28:00,640 --> 00:28:03,280 Speaker 3: paying to expand their business. And when they do the 518 00:28:03,480 --> 00:28:07,600 Speaker 3: looking at their expansionary plans and do their rate of return, 519 00:28:08,480 --> 00:28:11,800 Speaker 3: the rate of you know, the ROI return on investment, 520 00:28:12,160 --> 00:28:13,679 Speaker 3: And when they look at that and they say, well, 521 00:28:13,720 --> 00:28:16,239 Speaker 3: gee whiz, I don't know that I could make up 522 00:28:16,240 --> 00:28:19,040 Speaker 3: that money because when I factor in the interest rates, 523 00:28:19,600 --> 00:28:22,280 Speaker 3: it puts this thing out of out of sight or 524 00:28:22,359 --> 00:28:26,000 Speaker 3: out of our way that we would actually review the 525 00:28:26,080 --> 00:28:29,000 Speaker 3: policy to make it go forward. But with those interest 526 00:28:29,080 --> 00:28:31,640 Speaker 3: rates coming, if they came down, maybe we could pull 527 00:28:31,640 --> 00:28:34,800 Speaker 3: the trigger on that number of people receiving unemployment benefits 528 00:28:34,800 --> 00:28:37,400 Speaker 3: over the initial week after the initial week of aid, 529 00:28:37,760 --> 00:28:41,200 Speaker 3: a proxy for hiring slip four thousand. Wait a minute, 530 00:28:41,240 --> 00:28:44,560 Speaker 3: I thought, I thought the job market was weak. I 531 00:28:44,600 --> 00:28:47,440 Speaker 3: thought people weren't going back to work. I thought, you know, so, 532 00:28:47,560 --> 00:28:50,720 Speaker 3: if the people that have been on unemployment are going down, 533 00:28:50,920 --> 00:28:53,960 Speaker 3: even though it's four thousand, it's not skyrocketing the way 534 00:28:54,000 --> 00:28:58,080 Speaker 3: that they had anticipated it to. So again, how how 535 00:28:58,840 --> 00:29:01,520 Speaker 3: accurate is the information we're getting from these people? The 536 00:29:01,600 --> 00:29:05,000 Speaker 3: elevated so called continuing claims suggests a steady rise in 537 00:29:05,040 --> 00:29:09,240 Speaker 3: the unemployment rate A week hiring was confirmed by Challenger Report, 538 00:29:09,520 --> 00:29:12,640 Speaker 3: which again their report indicated that there was going to 539 00:29:12,680 --> 00:29:15,200 Speaker 3: be X number of layoffs and they cut that by 540 00:29:15,240 --> 00:29:19,200 Speaker 3: fifty three percent, which showed planned hiring by US companies 541 00:29:19,240 --> 00:29:22,440 Speaker 3: total four hundred and ninety seven almost five hundred thousand 542 00:29:22,640 --> 00:29:25,240 Speaker 3: in the first eleven months of the year, the lowest 543 00:29:25,320 --> 00:29:29,520 Speaker 3: year to date total since twenty ten, again down thirty 544 00:29:29,520 --> 00:29:31,480 Speaker 3: five percent from the same period last year. 545 00:29:31,640 --> 00:29:33,560 Speaker 2: But again, are their numbers accurate? 546 00:29:33,640 --> 00:29:36,680 Speaker 3: Because if they keep flipping back and saying, well, unemployment 547 00:29:36,760 --> 00:29:39,280 Speaker 3: is going to be x and such, and these companies 548 00:29:39,280 --> 00:29:41,040 Speaker 3: are going to be laying off one hundred and fifty 549 00:29:41,080 --> 00:29:43,920 Speaker 3: thousand over the next month, and they cut that back 550 00:29:44,000 --> 00:29:48,760 Speaker 3: fifty three percent. Amazing. You know how far off they 551 00:29:48,760 --> 00:29:51,960 Speaker 3: can be. Now, some additional good news we'll get to 552 00:29:52,040 --> 00:29:54,880 Speaker 3: here shortly. As I was talking about retail sales and 553 00:29:54,920 --> 00:29:57,600 Speaker 3: so on the five days straight, let me see the 554 00:29:57,680 --> 00:30:03,600 Speaker 3: National Federation of National Retail Federation sites a record two 555 00:30:03,920 --> 00:30:09,440 Speaker 3: hundred and three million shoppers for the extended weekend period 556 00:30:09,520 --> 00:30:09,920 Speaker 3: of time. 557 00:30:10,480 --> 00:30:11,880 Speaker 2: We'll bring this up coming up. 558 00:30:11,920 --> 00:30:15,840 Speaker 3: I'm Kevin Gordon, America struck In Network seven hundred w LW, 559 00:30:19,400 --> 00:30:20,240 Speaker 3: warming you up for. 560 00:30:20,440 --> 00:30:24,720 Speaker 1: This year's crossdown shootown explanation point I must. 561 00:30:24,520 --> 00:30:24,960 Speaker 2: Be care of. 562 00:30:25,040 --> 00:30:30,080 Speaker 1: This is a Crosstown shootdown memory out by three, brought 563 00:30:30,120 --> 00:30:35,160 Speaker 1: to you by Pinstation in East Cosa. Now your host, Moeger. 564 00:30:35,680 --> 00:30:41,120 Speaker 6: February eighth, twenty fifteen, the d Davis Game Savior senior 565 00:30:41,200 --> 00:30:44,320 Speaker 6: guard entered the shootout at UC shooting just twenty six 566 00:30:44,360 --> 00:30:46,880 Speaker 6: percent from behind the three point line, but with the 567 00:30:46,920 --> 00:30:50,640 Speaker 6: Bearcats almost daring him to shoot, Davis drilled all five 568 00:30:50,720 --> 00:30:53,480 Speaker 6: of his three point shots, each one of them silencing 569 00:30:53,520 --> 00:30:56,400 Speaker 6: the deafening fifth third arena crowd. The winning points for 570 00:30:56,480 --> 00:30:59,240 Speaker 6: Xavier came from Trey von Bluer, who's two free throws 571 00:30:59,240 --> 00:31:01,800 Speaker 6: with less than twelve seconds to go, gave XU. 572 00:31:01,840 --> 00:31:05,400 Speaker 1: Lead for go be listing for the next Crosstown shootdown 573 00:31:05,480 --> 00:31:09,040 Speaker 1: Memory on seven hundred wlw renned, We've been. 574 00:31:08,960 --> 00:31:11,680 Speaker 3: Covering over the last couple of segments, So if you 575 00:31:11,760 --> 00:31:13,479 Speaker 3: missed any of that or any of our shows, hit 576 00:31:13,560 --> 00:31:16,560 Speaker 3: up that iHeartRadio app and everything's there, brought to you 577 00:31:16,560 --> 00:31:18,760 Speaker 3: by our friends at Rush Truck Centers. I mentioned this 578 00:31:18,840 --> 00:31:23,600 Speaker 3: in the previous segment. National Retail Federation sites record two 579 00:31:23,680 --> 00:31:30,200 Speaker 3: hundred and three million shoppers for extended weekend and RF 580 00:31:30,480 --> 00:31:34,880 Speaker 3: annual consumer survey December second found two one hundred and 581 00:31:34,920 --> 00:31:39,120 Speaker 3: two point nine million customers shopped during the holiday weekend 582 00:31:39,200 --> 00:31:42,960 Speaker 3: from Thanksgiving Day through Cyber Monday. The figure is up 583 00:31:43,000 --> 00:31:47,520 Speaker 3: from one hundred and ninety seven and ninety seven million. 584 00:31:47,240 --> 00:31:50,479 Speaker 2: Shoppers last year. That's up three percent, my friends. 585 00:31:50,880 --> 00:31:54,520 Speaker 3: The previous record was two two hundred point four million, 586 00:31:54,640 --> 00:31:58,440 Speaker 3: set in twenty twenty three. They also are predicting that 587 00:31:58,520 --> 00:32:01,320 Speaker 3: this is going to be the first holiday season to 588 00:32:01,400 --> 00:32:07,720 Speaker 3: break one trillion dollars in sales, and our f president 589 00:32:07,800 --> 00:32:10,800 Speaker 3: Matthew Say said, we still believe we're on track to 590 00:32:10,840 --> 00:32:14,840 Speaker 3: meet that forecast. Shay said during a meeting briefing after 591 00:32:15,080 --> 00:32:18,760 Speaker 3: the survey was released. We feel very confident based on 592 00:32:18,840 --> 00:32:22,560 Speaker 3: the results of this weekend and the way in which 593 00:32:22,640 --> 00:32:26,960 Speaker 3: consumers are engaged, and so we think that a good 594 00:32:27,080 --> 00:32:30,840 Speaker 3: foundation for going forward and we're seeing real growth. Shay 595 00:32:30,880 --> 00:32:34,200 Speaker 3: pointed out that the uptick and inflation increased the cost 596 00:32:34,280 --> 00:32:35,240 Speaker 3: of goods. 597 00:32:35,160 --> 00:32:37,200 Speaker 2: Over the now this paragraph. 598 00:32:37,520 --> 00:32:40,840 Speaker 3: When I read this, I'm basically was scratching my head 599 00:32:41,320 --> 00:32:44,880 Speaker 3: because where this comment comes from. 600 00:32:44,960 --> 00:32:47,480 Speaker 2: I have no clue, but this is what he said. 601 00:32:48,880 --> 00:32:52,320 Speaker 3: Pointed out that the uptick in inflation increased the cost 602 00:32:52,400 --> 00:32:56,000 Speaker 3: of goods over the past few months, but he described 603 00:32:56,040 --> 00:32:59,240 Speaker 3: the ten of the trend as a modesty increase that 604 00:32:59,440 --> 00:33:04,520 Speaker 3: followed about two and a half years of flat goods inflation. 605 00:33:05,240 --> 00:33:09,360 Speaker 3: Two and a half years of flat price increases. What 606 00:33:09,600 --> 00:33:10,840 Speaker 3: planet is this guy on? 607 00:33:11,520 --> 00:33:12,280 Speaker 2: He did? 608 00:33:12,320 --> 00:33:14,720 Speaker 3: He not pay attention to the nine point one percent 609 00:33:14,840 --> 00:33:18,680 Speaker 3: inflation in June of twenty twenty two, the four point 610 00:33:18,800 --> 00:33:23,240 Speaker 3: three percent inflation over the on average during the Biden 611 00:33:23,360 --> 00:33:28,520 Speaker 3: Urnament office. What's he looking at? And they don't explain 612 00:33:28,560 --> 00:33:30,760 Speaker 3: it in here. There are times a year when we 613 00:33:30,760 --> 00:33:35,480 Speaker 3: were engaged in commerce that is purchases out of necessity replenishment, 614 00:33:35,640 --> 00:33:38,160 Speaker 3: the normal nay, day to day, week to week shopping 615 00:33:38,240 --> 00:33:43,120 Speaker 3: that we do. Shay kept saying or mentioned, but holidays 616 00:33:43,120 --> 00:33:47,280 Speaker 3: are really much more emotional purchases. Families plan for it, 617 00:33:47,440 --> 00:33:50,239 Speaker 3: families save for it, and they invest in it. 618 00:33:51,160 --> 00:33:54,280 Speaker 2: So there's talking about how people. 619 00:33:54,240 --> 00:33:58,040 Speaker 3: Start doing and have been kind of spacing out their 620 00:33:58,080 --> 00:34:03,080 Speaker 3: holiday purchases where they basically start, you know, over several months. 621 00:34:03,480 --> 00:34:03,640 Speaker 2: Now. 622 00:34:03,680 --> 00:34:07,160 Speaker 3: They do concentrate when they bart when the bargains are there, 623 00:34:07,360 --> 00:34:09,560 Speaker 3: and they anticipate what the bargains are going to be 624 00:34:09,760 --> 00:34:13,359 Speaker 3: on Black Friday and then Cyber Monday. But again they 625 00:34:13,400 --> 00:34:16,160 Speaker 3: are doing some of their purchases throughout the year. So 626 00:34:16,520 --> 00:34:21,400 Speaker 3: when we start seeing holiday sales increase, which is the 627 00:34:21,520 --> 00:34:25,640 Speaker 3: five day period or the holiday buying season, and those 628 00:34:25,719 --> 00:34:28,759 Speaker 3: numbers are up. If what he's saying is true that 629 00:34:28,880 --> 00:34:32,560 Speaker 3: people started buying months ago, then that would have boosted 630 00:34:32,600 --> 00:34:37,400 Speaker 3: those retail sales there and any retail sales increased now 631 00:34:37,480 --> 00:34:40,000 Speaker 3: during this period of time is going to be icing 632 00:34:40,040 --> 00:34:43,560 Speaker 3: on the cake. Top items purchase clothing and accessories, but 633 00:34:43,640 --> 00:34:47,800 Speaker 3: fifty one percent, toys, thirty two percent, media, twenty eight percent, 634 00:34:48,719 --> 00:34:53,720 Speaker 3: and gift cards twenty six percent. It exceeded our initial 635 00:34:53,800 --> 00:34:58,759 Speaker 3: expectations by approximately sixteen million consumers. Shayse said, I think 636 00:34:58,800 --> 00:35:02,040 Speaker 3: there's a rarity of variety of reasons why people see 637 00:35:02,719 --> 00:35:07,040 Speaker 3: let me seevity, variety of reasons why we see people 638 00:35:07,120 --> 00:35:10,680 Speaker 3: out over the weekend. Certainly, many customers are looking for 639 00:35:10,760 --> 00:35:13,799 Speaker 3: attractive deals that are out there. Others are there for 640 00:35:14,000 --> 00:35:18,520 Speaker 3: social experience or as holiday tradition, and many others see 641 00:35:18,520 --> 00:35:21,400 Speaker 3: this as an opportunity to get ahead of their gift shopping. 642 00:35:21,920 --> 00:35:25,399 Speaker 3: Logistics Managers Index slipped to a rating of fifty five 643 00:35:25,440 --> 00:35:29,440 Speaker 3: point seven for November after two consecutive months of fifty 644 00:35:29,520 --> 00:35:32,200 Speaker 3: seven point four. But then they start going into some 645 00:35:32,239 --> 00:35:36,360 Speaker 3: of these statistics about let me see downstream respondents and 646 00:35:37,000 --> 00:35:37,719 Speaker 3: what's going on. 647 00:35:37,960 --> 00:35:40,120 Speaker 2: But overall, I mean the numbers. 648 00:35:39,880 --> 00:35:43,719 Speaker 3: Robust in store sales, which is interesting because we've seen 649 00:35:43,760 --> 00:35:48,440 Speaker 3: this trend over the last several years of where they're 650 00:35:48,480 --> 00:35:51,279 Speaker 3: you know, we've seen all these different malls closing, these 651 00:35:51,560 --> 00:35:55,279 Speaker 3: big box stores and brick and mortar businesses going by 652 00:35:55,320 --> 00:35:57,080 Speaker 3: the wayside because people are. 653 00:35:56,920 --> 00:35:58,800 Speaker 2: Doing more on online shopping. 654 00:35:59,600 --> 00:36:02,400 Speaker 3: And I've seen this over this oh, I guess last 655 00:36:02,600 --> 00:36:06,400 Speaker 3: decade or so, and the generation whatever that falls. But 656 00:36:06,480 --> 00:36:10,920 Speaker 3: what's interesting is I've noticed with our grandchildren is that 657 00:36:11,400 --> 00:36:13,960 Speaker 3: they are going to the malls now, or they are 658 00:36:13,960 --> 00:36:17,120 Speaker 3: going out shopping. They're not sitting at home doing their 659 00:36:17,160 --> 00:36:22,200 Speaker 3: purchases online. They're actually interested in going to the mall, touching, feeling, 660 00:36:22,360 --> 00:36:23,480 Speaker 3: looking at certain things. 661 00:36:23,840 --> 00:36:28,160 Speaker 2: Maybe it's a situation, Well I don't. 662 00:36:28,239 --> 00:36:31,360 Speaker 3: My wife buys a lot of stuff online for the house, 663 00:36:31,920 --> 00:36:35,160 Speaker 3: but every time it seems that she buys clothes, she 664 00:36:35,280 --> 00:36:38,560 Speaker 3: has to kind of figure out, Okay, this manufacturer from 665 00:36:38,560 --> 00:36:42,279 Speaker 3: what I've had in the past, is their sizes you 666 00:36:42,400 --> 00:36:45,880 Speaker 3: have to buy the size up or in this manufacturer 667 00:36:45,880 --> 00:36:49,600 Speaker 3: you got to buy the size down, and then you 668 00:36:49,719 --> 00:36:51,799 Speaker 3: got to kind of pick and choose and kind of 669 00:36:51,800 --> 00:36:54,399 Speaker 3: figure out to the minefield which ones are going to fit, 670 00:36:54,480 --> 00:36:56,960 Speaker 3: what aren't going to fit. Now, for the first time 671 00:36:57,040 --> 00:36:59,759 Speaker 3: in a long time, this past year, well actually for 672 00:36:59,840 --> 00:37:03,799 Speaker 3: the first time ever, I've bought some clothes online and 673 00:37:03,920 --> 00:37:06,400 Speaker 3: almost every one of them had to go back because 674 00:37:06,400 --> 00:37:10,400 Speaker 3: they don't fit. And so what makes me curious about 675 00:37:10,480 --> 00:37:13,480 Speaker 3: this is how are some of these you know, online 676 00:37:13,520 --> 00:37:16,919 Speaker 3: companies actually making money Because not only do they give 677 00:37:17,000 --> 00:37:20,680 Speaker 3: free shipping depending upon how much you buy and it's 678 00:37:20,680 --> 00:37:23,120 Speaker 3: a good price based on what you could get in 679 00:37:23,160 --> 00:37:26,640 Speaker 3: the store, So it's a it's a you're getting a bargain, 680 00:37:26,920 --> 00:37:29,680 Speaker 3: But then also you're not paying for shipping, and then 681 00:37:29,840 --> 00:37:31,879 Speaker 3: if it doesn't fit, you got to send it back 682 00:37:31,960 --> 00:37:34,200 Speaker 3: and so they're stuck with the item and they've paid 683 00:37:34,239 --> 00:37:37,480 Speaker 3: for shipping twice. So I you know, it's it's amazing 684 00:37:37,520 --> 00:37:41,680 Speaker 3: that and especially if you're buying anything having to do 685 00:37:42,280 --> 00:37:47,280 Speaker 3: with a manufacturer in China, you know, how how does 686 00:37:47,640 --> 00:37:53,839 Speaker 3: you know a fifty inch chest size as far as 687 00:37:53,880 --> 00:37:57,399 Speaker 3: a jacket or a shirt or extra extra large, how 688 00:37:57,400 --> 00:38:01,960 Speaker 3: does that equate to a thirty two chess or a 689 00:38:02,000 --> 00:38:06,080 Speaker 3: forty four chess with the Chinese economy, I mean, or 690 00:38:06,120 --> 00:38:09,799 Speaker 3: they're numbers. I thought they were supposed to be somewhat 691 00:38:09,840 --> 00:38:14,800 Speaker 3: smart in terms of math. Fifty inches is not forty 692 00:38:14,800 --> 00:38:18,480 Speaker 3: four inches is not forty eight inches. And so when 693 00:38:18,520 --> 00:38:21,000 Speaker 3: they say something and you go to a sizing chart 694 00:38:21,080 --> 00:38:23,600 Speaker 3: and you do the measurements, and you say, okay, this 695 00:38:23,680 --> 00:38:26,680 Speaker 3: is my signs, and then they come and you're buying 696 00:38:26,719 --> 00:38:31,160 Speaker 3: an extra two x, extra large, extra extra large, and 697 00:38:31,200 --> 00:38:34,319 Speaker 3: then what you get is about either a large or 698 00:38:34,400 --> 00:38:36,960 Speaker 3: maybe a one x. So it's just I don't know, 699 00:38:37,040 --> 00:38:42,640 Speaker 3: it's just kind of nuts. But again, National National Retail 700 00:38:42,719 --> 00:38:47,200 Speaker 3: Federation seeing some very positive statistics as far as the 701 00:38:47,239 --> 00:38:50,319 Speaker 3: holiday season and how that is kicking off. A couple 702 00:38:50,400 --> 00:38:54,040 Speaker 3: of other stories well kind of related to that. CNBC 703 00:38:54,160 --> 00:38:57,319 Speaker 3: had their story talking about this. They're talking about will 704 00:38:57,400 --> 00:39:00,080 Speaker 3: consumers and this is a kind of an interesting line. 705 00:39:00,200 --> 00:39:03,719 Speaker 3: While consumer sentiment has tumbled and the growing number of 706 00:39:03,760 --> 00:39:09,120 Speaker 3: major companies have laid off thousands of employees, retail sales 707 00:39:09,360 --> 00:39:14,040 Speaker 3: data remained solid. So if there's been major layoffs, why 708 00:39:14,120 --> 00:39:17,600 Speaker 3: isn't the unemployment rate going up? Why isn't the weekly 709 00:39:17,760 --> 00:39:21,400 Speaker 3: initial jobless claims going up? And why isn't the overall 710 00:39:22,040 --> 00:39:26,440 Speaker 3: unemployment rate going up? You know, I just it's amazing 711 00:39:26,520 --> 00:39:29,600 Speaker 3: when you dig into these numbers and see what they're 712 00:39:29,640 --> 00:39:32,440 Speaker 3: talking about and trying to figure out where in the 713 00:39:32,440 --> 00:39:35,279 Speaker 3: heck they're coming up with their numbers. Again, when I 714 00:39:35,320 --> 00:39:38,440 Speaker 3: was talking about previously, total of one hundred and twenty 715 00:39:38,520 --> 00:39:41,840 Speaker 3: nine point five million consumers shopped in stores over the 716 00:39:41,880 --> 00:39:45,960 Speaker 3: five days, a three percent year to year increase. The 717 00:39:46,000 --> 00:39:48,719 Speaker 3: survey found as more Americans have done more of their 718 00:39:48,760 --> 00:39:52,520 Speaker 3: Black Friday shopping online in recent years. The online shopping 719 00:39:53,200 --> 00:39:56,640 Speaker 3: turnout jump up even more by nine percent, but then 720 00:39:56,680 --> 00:40:00,080 Speaker 3: the in store traffic has gone up three percent. So 721 00:40:00,120 --> 00:40:05,080 Speaker 3: it's interesting to see the trends that in some instances 722 00:40:05,640 --> 00:40:08,640 Speaker 3: not only are the online purchases going up, but then 723 00:40:08,719 --> 00:40:11,840 Speaker 3: again also the in store purchases are going up and 724 00:40:11,920 --> 00:40:14,840 Speaker 3: the in store traffic is going up, which is good news. 725 00:40:15,080 --> 00:40:17,720 Speaker 3: Now the Trump administration and some other more good news 726 00:40:17,760 --> 00:40:19,880 Speaker 3: before we have to get out of here, The Trump 727 00:40:19,920 --> 00:40:25,200 Speaker 3: administration yesterday pushed major cut to the miles per gallon standard. 728 00:40:25,560 --> 00:40:29,480 Speaker 3: Just kind of hitting the highlights here. Trump administration proposed 729 00:40:29,480 --> 00:40:33,279 Speaker 3: cutting the Biden era twenty thirty one fuel economy standards 730 00:40:33,320 --> 00:40:36,680 Speaker 3: from about fifty miles per gallon to thirty four point 731 00:40:36,760 --> 00:40:41,320 Speaker 3: five miles per gallon and ending the credit trading, starting 732 00:40:41,600 --> 00:40:45,879 Speaker 3: credit trading starting in the twenty twenty twenty eight model year. 733 00:40:46,320 --> 00:40:51,680 Speaker 3: So again, the EPA during the Biden administration, in the 734 00:40:51,760 --> 00:40:56,360 Speaker 3: last year of the Biden administration, raised these fuel standards 735 00:40:56,440 --> 00:41:00,839 Speaker 3: to an unreasonable level. And if the mandates are there 736 00:41:01,480 --> 00:41:06,919 Speaker 3: and the mechanics necessary to get to that isn't there 737 00:41:07,200 --> 00:41:10,600 Speaker 3: and hasn't been developed yet, then these car companies are 738 00:41:10,640 --> 00:41:14,399 Speaker 3: a disadvantage if they don't meet those standards, then they 739 00:41:14,440 --> 00:41:18,240 Speaker 3: wind up paying billions and billions of dollars in fines 740 00:41:18,560 --> 00:41:21,040 Speaker 3: to the federal government. This is one of those dirty 741 00:41:21,040 --> 00:41:23,759 Speaker 3: little secrets that people don't know a lot about, is 742 00:41:23,760 --> 00:41:26,080 Speaker 3: that because of these carbon credits. 743 00:41:25,600 --> 00:41:30,120 Speaker 2: And this fact that you're not making these fuel standards, 744 00:41:30,360 --> 00:41:31,040 Speaker 2: you're paying. 745 00:41:30,800 --> 00:41:34,080 Speaker 3: Billions of dollars to the federal government for what are 746 00:41:34,120 --> 00:41:35,600 Speaker 3: they taking those profits? 747 00:41:35,640 --> 00:41:38,040 Speaker 2: Are they taking those billions of dollars. 748 00:41:37,840 --> 00:41:41,120 Speaker 3: And turning them into some sort of non pollution fund 749 00:41:41,200 --> 00:41:45,080 Speaker 3: or something like that, or funding other mechanisms. No, they're 750 00:41:45,120 --> 00:41:48,120 Speaker 3: just confiscating the wealth. And who pays for that? You 751 00:41:48,200 --> 00:41:50,719 Speaker 3: think the car companies are going to absorb that that 752 00:41:50,760 --> 00:41:53,840 Speaker 3: they're not going to pour that back into the cost 753 00:41:53,880 --> 00:41:57,360 Speaker 3: of a manufacturing a car. No, wonder, the cars have 754 00:41:57,440 --> 00:41:59,920 Speaker 3: gone up on average and now some of the app 755 00:42:00,480 --> 00:42:03,440 Speaker 3: of buying a new cars around forty seven thousand, fifty 756 00:42:03,480 --> 00:42:06,600 Speaker 3: thousand dollars, pushing the price of these cars up. And 757 00:42:06,640 --> 00:42:09,319 Speaker 3: in order to meet those fuel standards, they have to 758 00:42:09,360 --> 00:42:13,480 Speaker 3: push evs on people that they don't want. And again 759 00:42:13,800 --> 00:42:16,600 Speaker 3: they claim there's no EV mandate, But when you look 760 00:42:16,640 --> 00:42:19,520 Speaker 3: at the factors that if you don't sell more evs, 761 00:42:19,560 --> 00:42:22,200 Speaker 3: you're going to be fined even more so, lowering these 762 00:42:22,200 --> 00:42:26,359 Speaker 3: standards or lowering these miles per gallon goes within those 763 00:42:26,680 --> 00:42:29,520 Speaker 3: and would cut the number of fines that are And 764 00:42:29,600 --> 00:42:32,880 Speaker 3: people may say no. Stay tuned here. Officials say the 765 00:42:32,960 --> 00:42:36,200 Speaker 3: rollback and save Americans one hundred and nine billion over 766 00:42:36,239 --> 00:42:39,880 Speaker 3: five years, while the environmental groups warned it will increase 767 00:42:39,960 --> 00:42:43,680 Speaker 3: gasoline use and boost oil into sea profits. What are 768 00:42:43,680 --> 00:42:46,799 Speaker 3: they not saying there? They are not saying that it's 769 00:42:46,800 --> 00:42:50,319 Speaker 3: going to cause pollution. Wouldn't you think the environmentalist would 770 00:42:50,320 --> 00:42:53,480 Speaker 3: be concerned about whether or not it's going to cause pollution. 771 00:42:54,360 --> 00:42:56,279 Speaker 3: Wouldn't you think that that would be the top of 772 00:42:56,280 --> 00:42:59,719 Speaker 3: their list. No, they're worried about the profits of the 773 00:42:59,760 --> 00:43:00,720 Speaker 3: oil companies. 774 00:43:00,960 --> 00:43:04,600 Speaker 2: Who doesn't like capitalism? Who doesn't like profits? Oh? 775 00:43:04,680 --> 00:43:08,560 Speaker 3: That would be communists? So are environmentalists more aligned with 776 00:43:08,640 --> 00:43:12,879 Speaker 3: the communists? And as I call them, climmunists. Now kind 777 00:43:12,880 --> 00:43:15,600 Speaker 3: of makes you wonder, doesn't it. I'm Kevin Gordon. Stay 778 00:43:15,600 --> 00:43:17,399 Speaker 3: tuned for REDI Radio the top of the hour. I'm 779 00:43:17,440 --> 00:43:21,280 Speaker 3: Kevin Gordon, America's truck in Network seven hundred WLW