WEBVTT - 12-5-25 America's Truckin' Network 0:00:01.880 --> 0:00:05.080 This is America's Trucking Network with Kevin Gordon. 0:00:06.800 --> 0:00:07.560 Lulhaba more. 0:00:07.840 --> 0:00:11.200 Thanks for tuning in on this Friday morning America's truck 0:00:11.200 --> 0:00:14.600 in Network, the show that is the exception to the 0:00:14.680 --> 0:00:18.760 rule that nothing good happens after midnight. There is a 0:00:18.840 --> 0:00:21.799 whole lot of good news out there, so let's just 0:00:22.000 --> 0:00:25.040 jump right into it. I've been watching over the last 0:00:25.079 --> 0:00:28.400 several weeks. We've been hearing people talking about gas prices 0:00:28.440 --> 0:00:31.560 getting down towards three dollars a gallon. They're talking about, 0:00:31.720 --> 0:00:33.880 you know, they've had to tweak the numbers a little 0:00:33.880 --> 0:00:36.960 bit to say that, well, you know, twenty seven states 0:00:36.960 --> 0:00:39.440 are below three dollars a gallon, this, that and the 0:00:39.479 --> 0:00:41.920 other thing, and then you know thirty states or below 0:00:42.280 --> 0:00:45.720 three dollars a gallon. Well, for the first time since 0:00:46.600 --> 0:00:51.320 May of twenty twenty one, the national average for gasoline 0:00:51.680 --> 0:00:55.240 dips below three dollars a gallon. National average for a 0:00:55.280 --> 0:00:58.600 gallon a regular gasoline hit a milestone this week when 0:00:58.640 --> 0:01:01.360 it dipped below three dollars a gallon for the first 0:01:01.400 --> 0:01:05.880 time in four years now. I see back in May 0:01:05.880 --> 0:01:09.640 of twenty twenty one. That was right after the Trump 0:01:09.680 --> 0:01:13.120 administration and before the Biden administration had a chance to 0:01:13.160 --> 0:01:16.720 really screw things up. But back during the Trump administration, 0:01:17.560 --> 0:01:21.080 gasoline was well below as a matter of fact. 0:01:20.880 --> 0:01:22.800 On this date in twenty twenty. 0:01:23.040 --> 0:01:26.440 Back during that period of time, gasoline in twenty twenty 0:01:26.720 --> 0:01:29.320 was at two dollars and twenty five cents a gallon, 0:01:29.760 --> 0:01:33.560 and it was a national average, and the diesel was 0:01:33.600 --> 0:01:36.800 at two dollars and fifty three cents a gallon. Now, 0:01:36.800 --> 0:01:40.120 we're seeing the prices of gasoline coming down, but we're 0:01:40.160 --> 0:01:43.760 not quite seeing the decrease in diesel the way I 0:01:43.760 --> 0:01:45.320 would like to see it. As a matter of fact, 0:01:45.319 --> 0:01:47.880 we're paying a little bit more per gallon this year 0:01:48.000 --> 0:01:51.280 for diesel than we were this time last year. As 0:01:51.320 --> 0:01:55.000 far as gasoline's concern, it's down about five cents a gallon. However, 0:01:55.120 --> 0:01:59.640 again dip below three dollars a gallon for the first 0:01:59.720 --> 0:02:02.440 time since May of twenty twenty one. Crude oil prices 0:02:02.480 --> 0:02:05.400 remained on the lower side around sixty dollars a barrel. 0:02:05.760 --> 0:02:10.799 Sluggish gas demand and cheaper to produce winter blend gasoline 0:02:10.919 --> 0:02:13.359 are also contributing to the drop at the pump. 0:02:14.200 --> 0:02:14.480 Again. 0:02:14.560 --> 0:02:17.919 Today's national average is two dollars and ninety nine cents 0:02:18.000 --> 0:02:20.280 a gallon. Now, the last couple of days have been 0:02:20.400 --> 0:02:22.720 like two dollars at ninety nine. And you know when 0:02:22.760 --> 0:02:24.200 you go to the gas pump and you look at 0:02:24.200 --> 0:02:26.200 the signs there and it always says like two dollars 0:02:26.200 --> 0:02:28.440 and seventy five cents a gallon, But you have looked 0:02:28.440 --> 0:02:30.799 in the upper right hand corners two dollars and seventy 0:02:30.800 --> 0:02:34.600 five cents point nine nine tenths of a cent, So 0:02:34.960 --> 0:02:37.320 it's actually two dollars and seventy six cents. But that 0:02:37.440 --> 0:02:40.040 two dollars seventy five cents looks a lot better. And 0:02:40.160 --> 0:02:42.680 for the last last week or so, it's been at 0:02:42.720 --> 0:02:46.320 two two dollars and ninety nine cents, you know, two 0:02:46.320 --> 0:02:49.880 dollars ninety nine point five, so you round that up 0:02:49.880 --> 0:02:50.520 to three dollars. 0:02:50.600 --> 0:02:52.359 So I haven't been comfortable talking about that. 0:02:52.720 --> 0:02:57.000 But now we are officially below that three dollars a gallon, 0:02:57.320 --> 0:03:00.560 which is heading in the right direction. You know, we 0:03:00.600 --> 0:03:03.919 started we keep hearing all this crap from the liberals 0:03:03.960 --> 0:03:06.919 and the Democratic Party talking about affordability. 0:03:06.919 --> 0:03:09.040 All of a sudden, where the hell were. 0:03:08.919 --> 0:03:13.240 These people during the trumpet or by the Biden administration 0:03:14.080 --> 0:03:17.200 when gas went from as I said, at the end 0:03:17.280 --> 0:03:20.880 of the Trump administration in December of twenty twenty at 0:03:20.880 --> 0:03:23.760 two dollars and twenty five cents a gallon, and then 0:03:24.000 --> 0:03:27.239 by May actually got up to three dollars a gallon. 0:03:27.680 --> 0:03:28.840 So even though. 0:03:28.720 --> 0:03:31.440 We are down below where we were four years ago, 0:03:32.160 --> 0:03:35.800 it was already up seventy five cents a gallon just 0:03:36.040 --> 0:03:38.120 in a four or five month period of time in 0:03:38.200 --> 0:03:40.640 the first four or five months of the Biden administration. 0:03:41.160 --> 0:03:45.680 By the time Russia invaded Ukraine, gas had already gone 0:03:45.800 --> 0:03:49.560 up to about a dollar twenty five higher than what 0:03:49.920 --> 0:03:53.520 it was during the Trump administration. Where was the affordability 0:03:53.600 --> 0:03:56.600 comments back then? All we heard from the people with 0:03:56.680 --> 0:03:59.280 as far as that when they started seeing the inflation, oh, 0:03:59.320 --> 0:04:03.280 it's transy, it's gonna it's you know, which means it's temporary, 0:04:03.280 --> 0:04:04.320 it's gonna go away. 0:04:04.560 --> 0:04:05.600 What was transitory? 0:04:05.600 --> 0:04:08.480 I guess in May, June, July, August, September of twenty 0:04:08.520 --> 0:04:12.040 twenty one on into twenty twenty two, and then finally 0:04:12.080 --> 0:04:14.920 in March, I guess the Federal Reserve line Jerry Powell 0:04:14.920 --> 0:04:17.400 decided that, well, you know, it isn't transitory. We need 0:04:17.400 --> 0:04:20.080 to start cutting interest rates. But by then most of 0:04:20.080 --> 0:04:24.200 the damage have been done. Once Russia invaded Ukraine in 0:04:24.279 --> 0:04:28.040 February of twenty twenty two, then gas prices started spiking. 0:04:28.080 --> 0:04:29.560 As a matter of fact, in June. 0:04:29.680 --> 0:04:32.719 Let's not forget, in June of twenty twenty two, the 0:04:32.880 --> 0:04:38.400 national average across the board for gasoline short term memories, 0:04:38.480 --> 0:04:42.719 right was it five dollars five dollars and two cents 0:04:42.720 --> 0:04:46.640 a gallon? Five dollars and two cents a gallon? Where 0:04:46.680 --> 0:04:50.320 were the calls for affordability back then? Gas price has 0:04:50.320 --> 0:04:53.240 already gone up a dollar twenty five a gallons prior 0:04:53.320 --> 0:04:55.880 to the invasion, and then right after the invasion it 0:04:55.960 --> 0:04:58.919 went up to right around four dollars and fifty cents, 0:04:59.080 --> 0:05:01.839 and people were asking the Biden administration how long do 0:05:01.880 --> 0:05:04.640 you expect people to pay this amount of money? Because 0:05:04.800 --> 0:05:07.560 you know, when they first came in office, they started saying, Okay, 0:05:07.600 --> 0:05:09.080 we're not going to drill in the golf, we're not 0:05:09.120 --> 0:05:11.719 going to drill in Alaska, We're going to stop selling 0:05:11.760 --> 0:05:15.159 oil leases, even though that by law they were supposed 0:05:15.200 --> 0:05:17.520 to do that. So you know, again, where was the 0:05:17.560 --> 0:05:21.600 calls for following the law. And so the prices of 0:05:21.960 --> 0:05:26.320 gasoline we started importing more gas. We became the final 0:05:26.400 --> 0:05:29.600 year of the Trump administration, Let's not forget, we were 0:05:29.800 --> 0:05:32.800 energy independent for the first time since nineteen forty nine. 0:05:33.440 --> 0:05:35.560 Nineteen forty nine. 0:05:35.960 --> 0:05:40.800 Seventy plus years, we were independent, energy independent for the 0:05:40.839 --> 0:05:43.600 first time. It took us longer to get to that 0:05:43.839 --> 0:05:48.680 than Queen Elizabeth sat on the throne of England as 0:05:48.720 --> 0:05:51.960 long as the USSR was in existence. It took us 0:05:52.120 --> 0:05:54.920 longer than that to get to energy independence. And it 0:05:55.000 --> 0:05:58.000 was during the Trump administration in his first term, and 0:05:58.080 --> 0:06:01.560 we were heading in that direction. At least. We are 0:06:01.640 --> 0:06:05.040 now driving the oil markets and we are driving the 0:06:05.160 --> 0:06:08.360 energy prices worldwide, which is a good thing. But back 0:06:08.400 --> 0:06:10.560 then it was, oh, you know, gas price is one 0:06:10.640 --> 0:06:13.640 up the average national average across the board of five 0:06:13.720 --> 0:06:17.520 dollars per gallon. Where was the cause for affordability? Then now, 0:06:17.560 --> 0:06:20.440 all of a sudden, the Democrats are concerned about affordability 0:06:20.760 --> 0:06:23.640 when they had inflation at nine point one percent in 0:06:23.720 --> 0:06:26.839 June of twenty twenty two. It just fries me that 0:06:26.920 --> 0:06:30.400 the people that create the problem are the people that 0:06:30.440 --> 0:06:35.920 are now tweaking and that are criticizing how it's done. 0:06:36.000 --> 0:06:42.239 And I heard the analogy the other day that Okay, 0:06:42.720 --> 0:06:45.920 you have a party and somebody gets. 0:06:45.800 --> 0:06:49.680 Drunk, and the homeowner whatever. 0:06:49.279 --> 0:06:51.600 Gets drunk and he gets out of control and he 0:06:51.640 --> 0:06:54.640 winds up throwing up on the carpet. And then when 0:06:54.680 --> 0:06:57.039 the person comes in to clean the carpet and is 0:06:57.080 --> 0:06:59.880 down on their hands and knees cleaning up the spots 0:07:00.080 --> 0:07:02.440 trying to get the stink out of the carpet. They 0:07:02.440 --> 0:07:05.080 are standing there telling them, well, you need to do this, 0:07:05.080 --> 0:07:07.960 this is how you need to do this, and criticizing 0:07:08.000 --> 0:07:08.880 the way that they're. 0:07:08.720 --> 0:07:09.600 Doing the cleanup. 0:07:10.040 --> 0:07:14.040 I mean, give me a break, so you know, I'm 0:07:14.120 --> 0:07:16.560 just it just bothers me that, you know what I 0:07:16.600 --> 0:07:20.400 keep hearing from the Democrats and when they start talking 0:07:20.440 --> 0:07:22.680 about affordability and so on. I'm going to post this 0:07:22.760 --> 0:07:26.720 story on Facebook because it's actually from the Triple A 0:07:27.200 --> 0:07:30.800 and they talk about they go through, you know, the 0:07:30.880 --> 0:07:33.200 national average and so on, but then they also give 0:07:33.280 --> 0:07:36.240 some statistics in terms of ev charging. The national average 0:07:36.280 --> 0:07:40.560 per kilowatt hour of electricity at public ev charging stations 0:07:40.880 --> 0:07:42.360 stayed the same this past week. 0:07:42.400 --> 0:07:43.440 At thirty eight cents. 0:07:44.160 --> 0:07:47.800 They talk about the states the ten most expensive gasoline, 0:07:47.920 --> 0:07:50.120 of course California. 0:07:49.320 --> 0:07:52.240 And what blows me away, is that California is. 0:07:52.360 --> 0:07:57.680 Higher, is actually seven cents higher than Hawaii. Okay, there 0:07:57.760 --> 0:08:02.440 is not a refinery in Hawaii, aren't gas There aren't oil. 0:08:02.200 --> 0:08:03.320 Wells in Hawaii. 0:08:03.560 --> 0:08:07.400 They have to import everything, and you know, the gasoline 0:08:07.640 --> 0:08:12.800 has to be transported across the Pacific to get to Hawaii. 0:08:13.000 --> 0:08:15.920 And even with the transportation costs and the cost of 0:08:15.960 --> 0:08:19.360 that that Hawaii's prices are still lower than California. 0:08:20.080 --> 0:08:20.600 Let's see. 0:08:20.840 --> 0:08:26.360 Well, anyway, I'll put this on Facebook, but it's amazing California, Hawaii, Washington, Nevada, 0:08:26.400 --> 0:08:30.640 Alaska again up there in Alaska that California is the 0:08:30.760 --> 0:08:32.480 highest in the country and then of course they go 0:08:32.520 --> 0:08:34.800 into the lowest. So I'll post that on Facebook so 0:08:34.840 --> 0:08:37.680 that you can take a look at that weekly's Jabas claims, 0:08:37.679 --> 0:08:38.480 which we'll get to. 0:08:38.920 --> 0:08:40.559 Coming up in the next segment. 0:08:43.200 --> 0:08:47.200 Again, all this talk that we heard since Liberation Day 0:08:47.320 --> 0:08:50.600 on April the second, that we're going to have rampant inflation, 0:08:50.760 --> 0:08:53.439 that we're going to go into a recession, that the 0:08:53.480 --> 0:08:56.760 economic policies of this administration are horrible, and all this 0:08:56.840 --> 0:09:00.000 sort of stuff, and yet everything is starting to turn 0:09:00.200 --> 0:09:02.880 in the right direction. And yet all of a sudden, 0:09:02.960 --> 0:09:08.080 we're hearing about affordability, and it just frosts me that 0:09:08.240 --> 0:09:11.719 the people that and of course they're not going to 0:09:11.760 --> 0:09:14.960 come up and say, here's how we would solve the problem, 0:09:15.240 --> 0:09:18.839 here's what we need to do to affordability. No, they 0:09:18.880 --> 0:09:21.160 just want to say, well, he's just not making things 0:09:21.200 --> 0:09:25.160 more affordable. Give me not cleaning up the vomit properly 0:09:25.360 --> 0:09:27.960 the way that you guys did when you soiled the carpet. 0:09:28.040 --> 0:09:32.080 I'm Kevin Gordon, America's truck at Network seven hundred WLW. 0:09:32.960 --> 0:09:36.000 I need this is the racing repard on America's truck 0:09:36.040 --> 0:09:38.480 and needwork on seven hundred WLW. 0:09:39.200 --> 0:09:41.640 The court case between twenty three eleven and front Row 0:09:41.679 --> 0:09:46.200 Motorsports suing NASCAR continued Friday in Charlotte, North Carolina. During 0:09:46.200 --> 0:09:49.439 the questioning of front Row Motorsports owner Bob Jenkins, NASCAR 0:09:49.600 --> 0:09:52.680 was called out by Judge Kenneth Bell during the trial. 0:09:52.960 --> 0:09:55.960 Day three ended when stern warnings from Bell came after 0:09:56.040 --> 0:10:00.920 NASCAR's legal team violated court orders and evidentiary rule. Chris 0:10:00.960 --> 0:10:04.160 Gabeart has left Joe Gibbs Racing, and he was the 0:10:04.200 --> 0:10:07.960 director of competitions for JGR rumors are Gaye part is 0:10:08.000 --> 0:10:11.440 moving to Spire Motor Sports next season. The Indianapolis Motor 0:10:11.440 --> 0:10:14.920 Speedway is releasing a four part mini series documenting its 0:10:15.120 --> 0:10:19.559 historic repay that uncovered the Spiedsway's iconic brick race surface 0:10:19.800 --> 0:10:23.400 and the original crush stone tar track surface. The series 0:10:23.440 --> 0:10:26.520 will run December eighth through the eleventh and be available 0:10:26.559 --> 0:10:31.880 on the IMS social media channels including Facebook, Instagram, TikTok x, 0:10:31.960 --> 0:10:35.120 and YouTube. On Sunday, Formula one will crown the twenty 0:10:35.160 --> 0:10:36.480 twenty five world champion. 0:10:36.720 --> 0:10:38.480 Will it be Lando Norris? Will it be. 0:10:38.480 --> 0:10:42.080 Max for Staffan or Oscar Piastre. Those three are split 0:10:42.120 --> 0:10:45.560 by just sixteen points heading into Sunday's finale. Norris on 0:10:45.640 --> 0:10:47.880 any chance he holds the points lead, but barely. 0:10:48.000 --> 0:10:50.920 Yeah, nothing does change, Like I mean, he gets treated 0:10:50.960 --> 0:10:55.199 the same from everyone inside the team, just more excitement 0:10:55.240 --> 0:10:57.480 I guess for eye at the same time. So but 0:10:57.600 --> 0:10:59.640 apart from that, the work and how you approach it 0:10:59.679 --> 0:11:00.960 all remains the same. 0:11:01.760 --> 0:11:02.240 I need. 0:11:02.240 --> 0:11:05.600 This is the racing repard on America's Drugging Network on 0:11:05.760 --> 0:11:10.319 seven hundred WLW, everybody have a great weekend, segnetis and 0:11:10.440 --> 0:11:18.720 at night news Radio seven hundred WLW and iHeartRadio station 0:11:19.280 --> 0:11:24.400 Guarantee Human seven hundred WLW, HI Heard Radio. 0:11:24.960 --> 0:11:27.760 It's former Bengal and Pro Football Hall of Famer Anthony Munoz. 0:11:27.960 --> 0:11:29.920 You know me from my skin for good news. 0:11:29.960 --> 0:11:34.280 Here us weekly jobless claims tombow to the lowest level 0:11:34.360 --> 0:11:37.240 in more than three years. All right, we now have 0:11:37.360 --> 0:11:41.320 gasoline prices that are the lowest level nationwide that they've 0:11:41.360 --> 0:11:44.480 been in four years. We now have the weekly jobless 0:11:44.520 --> 0:11:46.560 claims the lowest in three years. 0:11:46.840 --> 0:11:47.920 Huh. You know what? 0:11:48.360 --> 0:11:51.480 You know, I've been talking about how the spoon fed 0:11:51.520 --> 0:11:54.480 regurgitators of the mainstream media have been trying to talk 0:11:54.520 --> 0:11:58.520 down the economy, trying to manufacture a recession, that all 0:11:58.600 --> 0:12:02.400 the lies that they're telling about the negative coverage of 0:12:02.480 --> 0:12:06.360 the administration the economic policies are wrong. And now we're 0:12:06.360 --> 0:12:08.400 seeing some of these numbers coming out. And you know what, 0:12:09.320 --> 0:12:11.760 I don't mind being right all the time. You know 0:12:12.120 --> 0:12:14.480 the fact that you listen to this show and you 0:12:14.600 --> 0:12:17.080 know what's going on, you hear what's going on, and 0:12:17.160 --> 0:12:20.640 push out all the negativity from the spoon federal regurgitators. 0:12:20.840 --> 0:12:23.000 You were so far ahead of the curve. They don't 0:12:23.000 --> 0:12:24.959 even see your tail lights. The number of. 0:12:24.880 --> 0:12:28.520 Americans finally for new application front employment benefits dropped to 0:12:28.600 --> 0:12:31.240 the lowest level in more than three years last week, 0:12:31.480 --> 0:12:35.480 allaying fears of a sharp deterioration in the labor market 0:12:35.520 --> 0:12:40.360 conditions and potentially arguing against another interest rate cut from 0:12:40.480 --> 0:12:43.280 the Federal Reserve, which I say is a bunch of crap. 0:12:43.360 --> 0:12:47.240 Also because again when we had the numbers yesterday, we 0:12:47.240 --> 0:12:49.920 were talking about retail sales and we were talking about 0:12:49.920 --> 0:12:54.520 the economy in Europe that they had been seeing. They've 0:12:54.520 --> 0:12:57.280 been experiencing a boom or you know, at least an 0:12:57.320 --> 0:13:01.760 increase in their economy there, and prices or shoppers going out, 0:13:01.760 --> 0:13:05.319 retail sales up because of the what do they call 0:13:06.040 --> 0:13:09.959 how do they put it, the series of interest rate 0:13:10.160 --> 0:13:15.160 cuts since last year. Interest rate lower interest rates put 0:13:15.240 --> 0:13:18.319 more money in your pocket, which means that then you 0:13:18.360 --> 0:13:21.199 could determine how you spend your money. If you want 0:13:21.240 --> 0:13:24.320 to put some of that money aside in the savings account, fine, 0:13:24.559 --> 0:13:26.920 if you want to go out and spend that money, fine, 0:13:27.160 --> 0:13:29.840 But it puts you in control of your money and 0:13:29.920 --> 0:13:33.680 making the decisions that you make instead of the policymakers 0:13:33.800 --> 0:13:36.839 like Lion Jerry Powell making sure that interest rates are 0:13:36.840 --> 0:13:39.760 so high that you're having to pay more in order 0:13:39.800 --> 0:13:42.400 to finance certain things on your credit cards, either on 0:13:42.480 --> 0:13:45.800 your home, buying a house, buying a car, buying a truck, 0:13:46.040 --> 0:13:50.079 expanding your business, and so on. So let the people decide, 0:13:50.160 --> 0:13:53.680 and lowering interest rates is not going to lead to inflation. 0:13:54.080 --> 0:13:55.760 So anyway, here we go week. 0:13:55.600 --> 0:13:58.480 Out Employment claims reported by the Labor Department on Thursday, 0:13:58.840 --> 0:14:03.040 the most timely on the economy's health, following on the 0:14:03.080 --> 0:14:07.120 heels of the ADP Employment report on Wednesday showing private 0:14:07.160 --> 0:14:09.679 payrolls decrease the most more than two and a half 0:14:09.800 --> 0:14:13.559 years in November. But again, as we talked about yesterday, 0:14:13.720 --> 0:14:16.600 the ADP numbers when they come out, generally the so 0:14:16.720 --> 0:14:20.920 called experts say that, well that's kind of an interesting report, 0:14:21.240 --> 0:14:24.400 but it's not very reliable and it's not one that 0:14:25.080 --> 0:14:26.200 the Federal. 0:14:25.880 --> 0:14:27.360 Reserve pays much attention to. 0:14:27.640 --> 0:14:30.240 And especially within the report itself that we were talking 0:14:30.240 --> 0:14:34.080 about yesterday, they started talking about the adjusted numbers. Well, again, 0:14:34.360 --> 0:14:38.880 if you're a payroll processing firm and you process X 0:14:39.000 --> 0:14:43.200 number of paychecks on a weekly, bi weekly, monthly basis, 0:14:43.560 --> 0:14:46.320 then you know how many checks you have processed. If 0:14:46.360 --> 0:14:49.160 those numbers go up, if they go down, you should 0:14:49.200 --> 0:14:53.120 know that number in real time. Why the following month 0:14:53.320 --> 0:14:56.920 would those numbers be adjusted shocks me. I mean if 0:14:57.000 --> 0:14:59.080 I go into if I go into a grocery store 0:14:59.440 --> 0:15:02.480 and I have I have fifty dollars in my pocket 0:15:02.760 --> 0:15:05.720 and I spend forty and I have ten dollars left 0:15:05.720 --> 0:15:07.360 in my pocket, I know in real time that. 0:15:07.440 --> 0:15:08.680 I just spent forty dollars. 0:15:08.840 --> 0:15:10.840 I don't go back later on the next day or 0:15:10.880 --> 0:15:13.000 two days later and say, gee whiz, I'm going to 0:15:13.040 --> 0:15:16.480 adjust my grocery purchases up to forty two dollars because 0:15:16.480 --> 0:15:18.520 they still have ten dollars in my pocket. I don't 0:15:18.520 --> 0:15:21.680 get this. So if they're processing the payroll and they 0:15:21.720 --> 0:15:24.160 know on a weekly, bi weekly, monthly basis how many 0:15:24.160 --> 0:15:26.800 payroll checks that they have processed compared to last month, 0:15:26.920 --> 0:15:29.080 they should have that number in real time. But again 0:15:29.520 --> 0:15:31.880 they have to throw that in here. The job losses. 0:15:32.160 --> 0:15:35.920 This is now, this is interesting. Usually this guy, Christopher Rupky, 0:15:36.200 --> 0:15:39.520 chief economists at Forward Bonds, generally comes up with some 0:15:39.560 --> 0:15:42.640 really stupid comments, But this time around I got to 0:15:42.680 --> 0:15:47.680 give him credit. Those job losses from other alternative measures 0:15:48.320 --> 0:15:52.920 alternative measures of labor statistics may be overstating the weakness 0:15:53.040 --> 0:15:55.760 of the nation's employment market. In other words, what they're 0:15:55.800 --> 0:15:58.640 saying is that all these calls that the labor market 0:15:58.680 --> 0:16:02.760 is weak is not apparently are not accurate, and he's 0:16:02.800 --> 0:16:06.000 actually finally seeing the writing on the wall. The t 0:16:06.200 --> 0:16:09.040 leave readers at the Federal Reserve may need to recheck 0:16:09.080 --> 0:16:11.920 their figures because it certainly does not look like economic 0:16:12.000 --> 0:16:16.600 growth is in danger of stalling out again, disproving all 0:16:16.680 --> 0:16:19.760 the negativity from the spoon federal regurgitators in the mainstream 0:16:19.800 --> 0:16:23.680 media trying to manufacture a recession, all the indications that 0:16:23.720 --> 0:16:25.880 they had, all the stuff that they've been talking about 0:16:25.880 --> 0:16:29.200 for the last well actually since Trump came into office. 0:16:29.320 --> 0:16:31.600 And let's not face I mean, let's face it. I mean, 0:16:31.760 --> 0:16:34.480 you go back to the ten years since Trump came 0:16:34.520 --> 0:16:38.040 down the escalator, the Golden escalator there at Trump Towers, 0:16:38.240 --> 0:16:43.600 nothing but ninety some percentage negative coverage of Donald Trump, 0:16:43.880 --> 0:16:47.600 ninety some percentage negative coverage of his first term, ninety 0:16:47.600 --> 0:16:51.440 some percentage against Trump while he was out of office, 0:16:51.480 --> 0:16:54.400 and then ninety some percent negative coverage since he's been 0:16:54.400 --> 0:16:57.600 in office, and ninety some percent negative coverage of his 0:16:57.720 --> 0:17:01.320 economic policies, even though we know what the statistics were 0:17:01.360 --> 0:17:04.359 back in five years ago at the end of his term. 0:17:04.640 --> 0:17:07.760 But again, you know, apparently they think that we're stupid 0:17:07.760 --> 0:17:09.720 and we can't go back and look these numbers up. 0:17:09.960 --> 0:17:13.239 But I finally, it's interesting that Christopher Rookie had some 0:17:13.320 --> 0:17:15.679 positive things to say, because, like I said a lot 0:17:15.760 --> 0:17:19.000 of times, he has kind of a bit off, should 0:17:19.000 --> 0:17:22.320 I say, Initial claims for the state unemployment benefits fell 0:17:22.520 --> 0:17:27.239 twenty seven thousand to a seasonally adjusted one hundred and 0:17:27.400 --> 0:17:31.440 ninety one thousand for the week ended November twenty ninth. Now, 0:17:31.640 --> 0:17:34.199 remember what we've been saying over the last several weeks 0:17:34.520 --> 0:17:38.200 or actually several months, that the range of unemployment claims 0:17:38.359 --> 0:17:41.560 has been going between about two hundred and ten thousand 0:17:41.720 --> 0:17:44.480 up to two hundred and fifty thousand over pretty much 0:17:44.520 --> 0:17:47.040 the last couple of years, and they have been and 0:17:47.080 --> 0:17:49.639 the economists have been talking about that that is somewhat 0:17:49.680 --> 0:17:52.760 of a comfortable range for them, that anything above that 0:17:53.040 --> 0:17:55.680 is put the caution light on. Anything above two hundred 0:17:55.720 --> 0:17:58.000 and fifty thousand in a week period of time should 0:17:58.000 --> 0:18:01.400 be looked at and as kind of put the flashing 0:18:01.720 --> 0:18:02.639 yellow lights on it. 0:18:03.080 --> 0:18:05.400 Why do I keep bumping my microphone anyway? 0:18:07.119 --> 0:18:09.679 And then we have in the low end of that 0:18:09.720 --> 0:18:12.080 at two hundred and ten thousand, that anything less than 0:18:12.080 --> 0:18:13.000 that is good news. 0:18:13.280 --> 0:18:16.639 If these numbers have dropped twenty. 0:18:16.119 --> 0:18:20.639 Seven thousand in one week down to one hundred and 0:18:20.800 --> 0:18:24.600 ninety one thousand for the week, that should be considered 0:18:24.880 --> 0:18:28.800 very good news. Lowest level since September of twenty twenty two. 0:18:29.240 --> 0:18:33.360 Economists pulled by rutters had forecasts that the unemployment claims 0:18:33.359 --> 0:18:36.520 were going to be two hundred and twenty thousand, So 0:18:36.560 --> 0:18:40.520 they missed their analysis and their forecast by thirteen percent. 0:18:40.920 --> 0:18:46.560 Unadjusted claims plunged n forty nine thousand, forty nine thousand, 0:18:46.600 --> 0:18:50.360 four hundred to one hundred ninety seven thousand, two hundred 0:18:50.640 --> 0:18:54.159 last week. The decline was more than double the twenty 0:18:54.200 --> 0:18:58.520 one thousand drop that had been anticipated by seasonal factors, 0:18:58.760 --> 0:19:01.680 the model that the government uses to strip out seasonal 0:19:01.720 --> 0:19:04.920 fluctuations from the data. So in other words, it has 0:19:05.000 --> 0:19:08.040 more than doubled what they had anticipated it to be. 0:19:08.480 --> 0:19:09.400 The drop that. 0:19:09.480 --> 0:19:12.959 Is, and so this is going to change things as 0:19:12.960 --> 0:19:15.840 far as the Federal Reserve is concerned. They keep saying 0:19:16.080 --> 0:19:19.359 that their mandata is to keep inflation low and to 0:19:19.400 --> 0:19:21.760 make sure that the job market is strong. Well, if 0:19:21.800 --> 0:19:24.359 the job market is strong, all this talk that they've 0:19:24.359 --> 0:19:26.840 been talking about as being weak over the last period 0:19:26.880 --> 0:19:30.000 of time, last several months, then with these numbers, it 0:19:30.040 --> 0:19:33.040 looks like the job market is steady and strong. And 0:19:33.480 --> 0:19:36.280 rather than them looking at that and saying, gee whiz, 0:19:36.320 --> 0:19:38.639 things are pretty good, We're going to give a break 0:19:38.680 --> 0:19:41.159 to the American public. We're going to give a break 0:19:41.160 --> 0:19:43.440 to the people, and we're going to lower interest rates 0:19:43.520 --> 0:19:45.960 so they have more money in their pocket. Don't count 0:19:45.960 --> 0:19:48.040 on it. It'll be interesting to see what they do. I 0:19:48.080 --> 0:19:51.080 hope they lower the interest rates, but I don't know. 0:19:51.400 --> 0:19:54.480 You never know. With Lyon Jerry Powell, Una justin claims plunged. 0:19:54.720 --> 0:19:57.200 I already said and said that last week's sharp drop 0:19:57.200 --> 0:19:58.639 and applications. 0:19:58.160 --> 0:20:01.359 Did not change the narrative of a stagnant labor market. 0:20:01.760 --> 0:20:04.720 Job cuts are prevalent most segments of the economy, and 0:20:04.840 --> 0:20:05.480 hiring is. 0:20:05.520 --> 0:20:06.560 Teppe at best. 0:20:07.040 --> 0:20:10.399 A separate report from global outplacement firm Challenger, Gray and 0:20:10.480 --> 0:20:14.520 Christmas showed planned job cuts in the US based employers 0:20:14.560 --> 0:20:19.680 declined fifty three percent to seventy one thousand in November now, 0:20:19.720 --> 0:20:23.000 the previous month, if my memory is correct, they were 0:20:23.040 --> 0:20:25.919 talking about that number being around one hundred and fifty 0:20:26.000 --> 0:20:29.080 thousand that they were anticipating as job cuts. 0:20:29.480 --> 0:20:30.639 So the fact that they. 0:20:30.600 --> 0:20:35.280 Blew that by well, the number dropped by fifty three percent, 0:20:35.880 --> 0:20:37.919 that should be a good sign and people should be 0:20:37.920 --> 0:20:41.040 applauding that rather than just throwing that number out there 0:20:41.080 --> 0:20:43.440 and just letting it hang. I we'll cover a little 0:20:43.440 --> 0:20:45.920 bit more of this coming up. I'm Kevin Gordon, Merica's 0:20:45.960 --> 0:20:50.080 truck at Network seven hundred WLW. 0:20:49.240 --> 0:20:51.040 Eight and the rest of the country. In the Tri 0:20:51.200 --> 0:20:53.760 State overnight mostly Claude, need the load dropping down to 0:20:53.840 --> 0:20:57.360 sixteen mostly Sunday. Friday high at thirty four going into 0:20:57.400 --> 0:20:59.960 the weekend Saturday, mostly Claude, with the chance of flurries, 0:21:00.119 --> 0:21:02.720 highs in the upper thirties, mostly Claudia, the chances of snow. 0:21:02.800 --> 0:21:06.680 Sunday a high of thirty five Nationally, snow continuing to 0:21:06.720 --> 0:21:10.480 win back the Great Lakes region, interior Northeast Pacific, Northwestern Rockies, 0:21:10.760 --> 0:21:12.760 and then into the northern Plains over the next couple 0:21:12.800 --> 0:21:15.440 of days. The Gulf Coast scene moderate to heavy rain 0:21:15.520 --> 0:21:19.800 with isolated flash flooding possible. Some wintry precipitation expected north 0:21:19.800 --> 0:21:23.080 into the Appalachians and mid Atlantic. Friday. Aretic air fore 0:21:23.119 --> 0:21:25.800 tasks to challenge record low temperatures across the northern mid 0:21:25.800 --> 0:21:28.120 Atlantic to New England Friday. 0:21:30.200 --> 0:21:34.480