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Speaker 1: Suicide cluster a few years back. Many victims were from

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Speaker 1: the same fraternity, and every single line was close friends

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Speaker 1: with a mysterious student named Brandon Grossheim.

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Speaker 2: The lawsuit says Grossheim was one of the last people

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Speaker 2: to see each victim before their deaths.

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Speaker 1: Open your free iHeart app and search the peacemaker and

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Speaker 1: start listening.

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Speaker 3: This is America's Trucking Network with Kevin Gordon.

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Speaker 4: Welcabbard.

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Speaker 2: Thanks for tuning in on this Thursday morning. Before we

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Speaker 2: get started, I want to talk a little bit about

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Speaker 2: Hurricane Melissa. Hurricane Melissa drifting west northwestward in the Central Caribbean.

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Speaker 2: Heavy rainfall and flooding expected over portions of Hispaniola and

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Speaker 2: Jamaica over the remainder of the week. So if anybody's

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Speaker 2: got any travel plans in that direction, those are probably

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Speaker 2: going to be a little bit disrupted.

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Speaker 4: Now.

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Speaker 2: I bring this up also the fact that as we approve,

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Speaker 2: since we are in the hurricane season, generally what we'll

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Speaker 2: see here in the United States is that we don't

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Speaker 2: start hearing about these storms until they are like a

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Speaker 2: couple of days out or a week out at least

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Speaker 2: now when we see this or at least I mention

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Speaker 2: it here. We know that it's out there, and as

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Speaker 2: it's heading west northwestward, it could possibly go across Cuba.

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Speaker 2: And then once it hits Cuba, that's only ninety miles

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Speaker 2: away from the southern tip of the United States. They're

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Speaker 2: in the Key of Florida, Keys, and so with this

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Speaker 2: being that close, I figure I'd bring it up just

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Speaker 2: to give kind of a heads up. But the trajectory

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Speaker 2: of this, what most of the storms have done this

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Speaker 2: year is as they approach the United States, they veer

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Speaker 2: off and go back to the east from whence they came,

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Speaker 2: so to speak. So just a little bit of a

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Speaker 2: heads up there. Saw this story the other day. It's

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Speaker 2: very encouraging. Now this has well. The headline is refine

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Speaker 2: as demand is eighty one percent higher than it was

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Speaker 2: a year ago thanks to falling mortgage rates. Now these

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Speaker 2: are people that already have a mortgage and they're looking

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Speaker 2: at the interest rates based on what they have and

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Speaker 2: what is available, and looking to refinance. Imagine throwing these

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Speaker 2: numbers in there and saying, Okay, if interest rates come

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Speaker 2: down even further, then new home buyers or people that

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Speaker 2: are thinking about getting into buying a home and getting

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Speaker 2: out of an apartment.

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Speaker 4: What that would do for the economy.

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Speaker 2: It's when you look at the interest rates, and as

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Speaker 2: I've been saying for most of this year, the falling

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Speaker 2: interest rates will spur the economy if they're If the

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Speaker 2: Federal Reserve claims that their mandate is to make sure

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Speaker 2: that inflation is low and that job market is high, well,

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Speaker 2: if you're having high interest rates, then people aren't going

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Speaker 2: to expand their businesses. They're not going to buy new equipment,

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Speaker 2: they're not going to do certain things to expand the economy.

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Speaker 2: And if you're not expanding the economy, you're not creating

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Speaker 2: more jobs, and therefore the job market is suffering.

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Speaker 4: It seems like the Federal Reserve has this.

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Speaker 2: Disconnect between lower interest rates and spurring the economy. They

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Speaker 2: seem to think in their minds that lowering interest rates

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Speaker 2: will spur inflation instead, which in most every time people

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Speaker 2: talk about lowering interest rates, every time we see a

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Speaker 2: story from Reuters or some of these other places where

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Speaker 2: they talk about how interest rates and more buying power

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Speaker 2: from the American public will spur more purchases and more traveling,

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Speaker 2: more gasoline purchases, and therefore will be good for the

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Speaker 2: oil industry. So if they recognize that, why doesn't the

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Speaker 2: Federal Reserve So this story. Mortgage rates last week drop

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Speaker 2: to the lowest level in a month, pushing more borrowers

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Speaker 2: to refine finance. Potential home buyers, however, were not enthused

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Speaker 2: again because it's not that drastic of a drop. The

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Speaker 2: average contract interest rate for a thirty year fixed rate

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Speaker 2: mortgage with a conforming loan balance of eight hundred and

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Speaker 2: six thousand dollars or less decreased last week to six

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Speaker 2: point three seven percent from six point four to two percent. Folks,

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Speaker 2: that's only a half point h five percentage rate decrease,

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Speaker 2: which is not that much, but enough.

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Speaker 4: To spur people to possibly.

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Speaker 2: Refinance, thinking that rates are going to be coming down.

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Speaker 2: The points they're talking about is falling to zero point

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Speaker 2: five to nine from point sixty one including origination fees,

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Speaker 2: on a twenty percent down. As a result, applications to

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Speaker 2: refinance home loans, which are the most sensitive to weekly

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Speaker 2: changes in interest rates, rose four percent for the week

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Speaker 2: and were eighty one percent higher for the same week

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Speaker 2: a year a go. According to Mortgage Bankers Associations seasonally

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Speaker 2: adjusted index, the rate on a thirty year fixed rate

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Speaker 2: was fifteen basis points higher a year ago a basis

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Speaker 2: point is point zero one percent, So again this is down,

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Speaker 2: not significantly in my opinion, but enough as far as

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Speaker 2: this market is concerned in order to spur people in.

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Speaker 4: There.

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Speaker 2: Joel Cohn, an NBA economists, the refinance index increase four percent,

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Speaker 2: driven by six percentage rate increase in conventional refinances and

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Speaker 2: a twelve percent increase in FHA refinance applications. He talks

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Speaker 2: about the different things there, con noted that the demand

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Speaker 2: for adjustable rate mortgages rose again. Now, adjustable rate mortgages

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Speaker 2: are kind of dangerous from the standpoint that you're betting

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Speaker 2: on interest rates coming down, and it's interesting that if

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Speaker 2: you're expecting them to come down, your mortgage rate would

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Speaker 2: adjust lower, but if those rates go higher, then you're

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Speaker 2: going to be stuck with that as opposed to a

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Speaker 2: fixed thirty year loan. ARM applications increase sixteen percent over

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Speaker 2: the week, which pushed the armshare to eleven percent, with

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Speaker 2: ARM rate more than eighty basis points lower than the

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Speaker 2: thirty year fixed rate. ARM applications usually rise when overall

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Speaker 2: interest rates climb, not when they fall. This increase speaks

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Speaker 2: more to currently high mortgage prices than it does to rates.

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Speaker 2: Buyers are doing everything they can to afford what's available.

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Speaker 2: Applications for a mortgage or to purchase a home dropped

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Speaker 2: five percent for the week, and we're twenty percent higher

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Speaker 2: than the same week, and so on.

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Speaker 4: They go onto these numbers.

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Speaker 2: I want to emphasize again when you're talking about the

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Speaker 2: interest rate in what that does in terms of not

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Speaker 2: only your monthly payment but the house you can afford.

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Speaker 2: I'm going to bring this up again. I've brought this

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Speaker 2: up a couple of times, but it bears repeating. When

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Speaker 2: you're looking at an interest rate on a home at

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Speaker 2: six point nine five percent, which where it was at

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Speaker 2: the beginning of the year, it's now down to somewhere

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Speaker 2: in the neighborhood of well it did get down to

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Speaker 2: six point eighty six percent. Now the interest rate over

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Speaker 2: here in this story is down to six point three

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Speaker 2: seven percent, so it's closer to you know, it's chopped

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Speaker 2: off about what sixty fifty percent from where it was,

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Speaker 2: half a percentage point from where it was at the

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Speaker 2: beginning of the year. But again based on the numbers

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Speaker 2: that I ran, because they've got these mortgage calculators that

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Speaker 2: you can look at the average sales of homes. The

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Speaker 2: medium price of homes are now over four hundred thousand dollars,

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Speaker 2: but most of the purchases and most of the transactions

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Speaker 2: have been handling between three hundred and four hundred thousand dollars.

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Speaker 2: So I picked the number in between of three hundred

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Speaker 2: and fifty thousand dollars. They talk about twenty percent down,

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Speaker 2: which would be seventy thousand, thirty year fixed rate mortgage

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Speaker 2: at six point nine five percent, where those mortgage rates

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Speaker 2: were at the beginning of the year. Your monthly payment,

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Speaker 2: including they figure in property taxes and they figure in

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Speaker 2: homeowners insurance and whatnot, would be two thousand, one hundred

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Speaker 2: and forty nine dollars. Two thousand, one hundred and forty

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Speaker 2: nine dollars now at six point two six percent interest

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Speaker 2: rate again the same criteria. Now that six point twenty

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Speaker 2: six percentage rate is around that six point three seven

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Speaker 2: that they're talking about in the story. But I had

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Speaker 2: a story earlier in the year where I was looking

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Speaker 2: at that and compared the numbers. So if you're talking

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Speaker 2: about six point nine five percent versus six point two

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Speaker 2: six percent. Your monthly mortgage payment would go down one

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Speaker 2: hundred and twenty seven dollars a month. That's one hundred

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Speaker 2: and twenty seven dollars in your pocket on an on

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Speaker 2: an annual or you know, on a monthly basis. And

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Speaker 2: I'm sure that people we could use that where interest rates,

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Speaker 2: in my opinion, should be the interest rates on that

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Speaker 2: the Federal Reserve charges instead of being at four point

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Speaker 2: twenty five percent for that overnight rate that banks borrow

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Speaker 2: money from each other if they need money, that number

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Speaker 2: is at four point twenty five percent in most of

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Speaker 2: the other Western countries, Europe, Japan, all some of these

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Speaker 2: other areas, that number is down around two percent, which

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Speaker 2: is where our numbers should be. And if our rates

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Speaker 2: were down there, the overnight borrowing rate, the interest rates

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Speaker 2: on credit cards, mortgages and so on, would come down.

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Speaker 2: We'll pick this up on the other side. I'm Kevin Gordon,

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Speaker 2: America's truck in Network seven hundred WLW.

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Speaker 3: We need This is the racing report on America's drug

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Speaker 3: and Network on seven hundred WLW.

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Speaker 5: Daniel Suarez, a two time NASCAR Cup Series race winner

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Speaker 5: and nine year veteran of NASCAR's Premier Division will move

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Speaker 5: to Spire Motorsports for the twenty twenty six season and

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Speaker 5: pilot the team's number seven cheval Sworez has spent the

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Speaker 5: last five seasons at the controls of the number ninety

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Speaker 5: nine Chevrolet for track House Racing. Freeway Insurance will serve

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Speaker 5: as Spire Motorsports new team anchor partner. TV ratings for

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Speaker 5: last weekend's motorsports action around the NASCAR Cup Series race

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Speaker 5: at Talladega Super Steve Very drew two point five to

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Speaker 5: five million viewers. The United States Grand Prix, the Formula

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Speaker 5: One race in Austin, Texas, compiled one point five million viewers.

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Speaker 5: There is talk of changing the points system and the

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Speaker 5: playoff picture for twenty twenty six. Here's the King, Richard

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Speaker 5: Petty and his Hall of Fame crew chief Dane Enman

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Speaker 5: on the possible changes on the Petty Podcast.

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Speaker 6: I've never looked back, and I've never talked to anybody about,

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Speaker 6: you know, where they're out of one another. Championship were

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Speaker 6: lost a couple as looking the other day of deal

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Speaker 6: and if the championships had been canned like what they

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Speaker 6: were with me, then Jeff Gordon would have won seven

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Speaker 6: championships and Jimmy Johnson would have won four, they would

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Speaker 6: have just swapped it back so again, and that kind

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Speaker 6: of to me, that kind of shows that the championship

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Speaker 6: should be a year long thing, not just one or

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Speaker 6: two race deal.

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Speaker 7: If it come down to the end of the race

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Speaker 7: and he had to beat one car, or if he

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Speaker 7: had to beat three cars to win, we'd work hard

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Speaker 7: to do that.

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Speaker 2: I love.

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Speaker 3: This is the raething repard on America's Drugging Network on

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Speaker 3: seven hundred WLW.

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Speaker 8: Sake Dennison, a t N get ready on Tom Quell,

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Speaker 8: co founder of the Jack Quell Foundation. Our mission is

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Speaker 8: to educate our nation's youth and their parents on the

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Speaker 2: I'm Kevin Gordon, America's Trucking Network, seven hundred WLW, continuing

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Speaker 2: this discussion on this particular story. And this is just

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Speaker 2: a minor decrease in interest rates. Refinancing demand is eighty

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Speaker 2: one percent higher than it was a year ago, and

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Speaker 2: we're talking about that the interest rates decreased from six

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Speaker 2: point forty two percent down to six point three seven,

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Speaker 2: less than half of a percentage point. And for that

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Speaker 2: to spur that kind of application increase is incredible. And

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Speaker 2: I was just running through some of the numbers where

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Speaker 2: I was talking about interest rates at the beginning of

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Speaker 2: the year, starting off around six point ninety five percent,

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Speaker 2: what the mortgage rate would be on that your payment

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Speaker 2: on a monthly basis would be two thousand, forty two

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Speaker 2: one hundred and forty nine. At six point twenty six percent,

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Speaker 2: that payment would decrease by one hundred and twenty seven

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Speaker 2: dollars per month. Now, if interest rates were down where

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Speaker 2: they should be, somewhere in the neighborhood of a five

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Speaker 2: percent range of same scenario, you're talking about a three

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Speaker 2: hundred and fifty thousand dollars home. You're talking about twenty

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Speaker 2: percent down. At five percent, your mortgage rate would be

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Speaker 2: one thousand, seven hundred and ninety nine dollars three hundred

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Speaker 2: and thirty four dollars per month lower than what it

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Speaker 2: would have been at the beginning of the year. And

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Speaker 2: that's why I have said that Lion Jerry Powell and

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Speaker 2: the Federal Reserve as I said in the previous segment,

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Speaker 2: they keep talking about whenever you're talking about oil prices,

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Speaker 2: and there's always this blurb in there, lower interest rates

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Speaker 2: spurs more demand and is good for the economy. Well,

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Speaker 2: if it's good for the economy, why aren't the interest

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Speaker 2: rates lower. It seems like lion Jerry Powell in the

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Speaker 2: Federal Reserve. As I said in the previous segment, they

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Speaker 2: seem to think that lower interest rates leads to inflation

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Speaker 2: as opposed to lower interest rates spurring the economy. Again,

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Speaker 2: if people are jumping out of apartments and into homes

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Speaker 2: and buying homes, they are going to be buying furniture,

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Speaker 2: more appliances, more durable goods, and also spur you know again,

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Speaker 2: spur those durable goods, and they're going to be spending

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Speaker 2: that money, and that filters through the rest of the economy. Now,

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Speaker 2: the last time Trump was in office, interest rates were

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Speaker 2: down below four percent. As a matter of fact, they

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Speaker 2: were down in the three percent range. And just for fun,

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Speaker 2: let's take a look at that and say, okay, based

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Speaker 2: on the same scenario, three hundred and fifty thousand dollars

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Speaker 2: home a twenty percent down thirty year fixed mortgage, your

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Speaker 2: mortgage payment would be one thousand, four hundred and eighty

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Speaker 2: four dollars per month. That is six hundred and forty

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Speaker 2: nine dollars per month lower than what that six point

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Speaker 2: ninety six percent at the beginning of this year. So

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Speaker 2: this is what as a result of the Biden administration,

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Speaker 2: interest rates going up, up, up, up up, as far

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Speaker 2: as mortgage is concerned. What that does to the individual

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Speaker 2: home buyer out there. If you're going to be spending

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Speaker 2: six hundred and forty nine dollars more per month this

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Speaker 2: year as opposed to four years ago, that's a heck

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Speaker 2: of a chunk of change, and most people are going

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Speaker 2: to be sitting on the sidelines and not wanting to

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Speaker 2: jump into that now. To compound that even further and

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Speaker 2: make it even more irritating, if you will, in terms

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Speaker 2: of what mortgage rates does as far as the economy

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Speaker 2: is concerned, the discussion comes into based on and again

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Speaker 2: these are not my numbers. These are numbers from different

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Speaker 2: mortgage what is it bank rate, I think is the

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Speaker 2: mortgage calculator over there, and from this affirm or this

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Speaker 2: website called nerd wallet. When you're talking about interest rates again,

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Speaker 2: if you're talking you know, you're talking about the type

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Speaker 2: of home that can be purchased. They used it as

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Speaker 2: an example. Somebody making our annual income pre tax income

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Speaker 2: of one hundred and ten thousand dollars a year. Again

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Speaker 2: debt payments, and they go into what the average debt

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Speaker 2: payment is across the board, eighty percent or twenty percent

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Speaker 2: down payment at a six point eighty six percent interest rate,

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Speaker 2: you can afford a home. Again, in that six point

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Speaker 2: eighty six percent interest rate, you can afford a home

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Speaker 2: that's three hundred and seventy eight thousand dollars. Now, going

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Speaker 2: to the scenario that I was talking about before, when

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Speaker 2: Trump was in office the last time in interest rates

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Speaker 2: were around three point five three point oh five percent,

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Speaker 2: Hang onto your hats, folks. At one hundred and ten

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Speaker 2: thousand dollars income with a interest rate at three point

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Speaker 2: oh five to two percent, the home price that you

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Speaker 2: can afford at that interest rate is five hundred and

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Speaker 2: forty thousand, almost five hundred and forty one thousand dollars.

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Speaker 2: So the difference between a six point eighty six percent

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Speaker 2: interest rate and a three point oh five percent is

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Speaker 2: you can afford a home that's one hundred and sixty

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Speaker 2: two almost one hundred and sixty three thousand dollars higher.

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Speaker 4: Now, again, what would that do to you?

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Speaker 2: Figure somebody that's got now six hundred and forty nine

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Speaker 2: dollars more in their pocket after buying, after paying their

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Speaker 2: mortgage rate, also buying the house and moving into that,

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Speaker 2: all the stuff that would be purchased as far as furniture,

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Speaker 2: and if it's a new home, would spur new home

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Speaker 2: construction and all the building materials that would go into that.

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Speaker 2: What that would do to stimulate the economy, stimulate the

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Speaker 2: transportation industry, getting all this stuff to the job site

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Speaker 2: in order to construct the home. And then as you

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Speaker 2: go through that, and then you start buying furniture, appliances,

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Speaker 2: of carpeting, painting, all that sort of stuff, what that does.

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Speaker 4: To the economy.

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Speaker 2: And again, you're moving into a house with six hundred

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Speaker 2: and six hundred and forty nine dollars per month more

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Speaker 2: than as in your pocket in terms of being able

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Speaker 2: to spend that on what you want to spend as

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Speaker 2: opposed to spending it all on mortgages and that. And again,

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Speaker 2: as more people and you younger people are looking at

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Speaker 2: getting into homes, interest rates are very sensitive to that

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Speaker 2: and affects whether or not they can afford to go

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Speaker 2: into a home like that. So again throw that out

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Speaker 2: there again. I talk about the Federal Reserve how they are,

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Speaker 2: and I can't stress enough the fact that when you

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Speaker 2: look at the rate, the overnight rate the banks charge

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Speaker 2: each other when they borrow money to handle their cash

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Speaker 2: needs for that day, they are paying four percent, which

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Speaker 2: is what the Federal Reserve sets that rate. That number

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Speaker 2: then equates and adjusts as far as credit cards are concerned,

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Speaker 2: then filters over into the mortgage industry and all that

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Speaker 2: sort of thing. So if you're talking about spurring the economy,

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Speaker 2: I don't think, well, I know that lower interest rates

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Speaker 2: because everybody talks about it spurs the economy. People spend more,

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Speaker 2: and if they're spending more, then they're going to be

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Speaker 2: stimulating the economy as opposed to causing inflation. I saw

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Speaker 2: this story and this is almost going to seem like

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Speaker 2: a plug for Walmart. And I'm not talking about a

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Speaker 2: plug for Walmart here. I'm just talking about that They've

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Speaker 2: been in the news over the last couple of days

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Speaker 2: over some of the stuff that's being done. One of

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Speaker 2: the things I do is I will look at all

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Speaker 2: kinds of different websites in terms of getting what news

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Speaker 2: that I can. And as I've mentioned before, sometimes when

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Speaker 2: you go to some of these more liberal websites, very

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Speaker 2: liberal websites, even inside those stories, once in a while,

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Speaker 2: those so called journalists do commit journalism and they do

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Speaker 2: actually throw in nuggets of truth and you pick that

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Speaker 2: out and you can go on that based on the

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Speaker 2: stuff that you pick up on other stories and piece

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Speaker 2: those together in order to come up with some interesting

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Speaker 2: things that people are not talking about in the marketplace.

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Speaker 2: And one of the things they're not talking about is

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Speaker 2: this conversation. Smart was the CEO of Walmart, was part

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Speaker 2: of a panel on CNBC and then he was interviewed

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Speaker 2: by George Stephanopoulos and some of the things he had

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Speaker 2: to say were very very interesting.

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Speaker 4: We'll talk about that coming up.

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Speaker 2: I'm Kevin Gordon, America's truck In Network seven hundred WLW.

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Speaker 9: Mrikins experience emotional and mental health challenges, but many of

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00:20:24,119 --> 00:20:26,640
Speaker 9: us do not understand what we are facing or how

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Speaker 9: to ask for help.

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Speaker 10: At the American Psychiatric Association Foundation, we work every day

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00:20:31,280 --> 00:20:35,080
Speaker 10: to eliminate stigma, combat mental illness, and substance use disorders,

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00:20:35,160 --> 00:20:36,560
Speaker 10: and advance mental health.

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00:20:36,680 --> 00:20:39,000
Speaker 9: If you or someone you love needs help, you are

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00:20:39,040 --> 00:20:49,280
Speaker 9: not alone. Please visit Mentallyhealthy nation dot org to learn more.

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Speaker 7: Here's your trucking forecast the Try State and the rest

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Speaker 7: of the country. In the Try State, overnight mostly cleared,

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Speaker 7: the low down to thirty eighty frost advisory and affect

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Speaker 7: until nine am Thursday. Sunday Sky's Thursday a high of

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Speaker 7: fifty eight. Sunday Friday highs again in the upper fifties.

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Speaker 7: Saturday partly sunny, a high of sixty one Nationally across

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Speaker 7: the Great Lakes Region. Tonight showers and chili conditions meanwhild

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Speaker 7: across these South central plains. Thursday night, a heavy rain

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Speaker 7: threat emerges.

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Speaker 2: Seven hundred WLW. I'm Kevin Gordon. This is America's Trucking Network.

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Speaker 2: By the way, if you miss any part of our

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Speaker 2: program or any previous segments, hit up that iHeartRadio app

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Speaker 2: brought to you by our friends at Rush Truck Centers.

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Speaker 2: Now talking about Walmart this They have been in the

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Speaker 2: news a lot over the last couple of days, and

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Speaker 2: it's interesting. The one website I went to, it's called

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Speaker 2: the Street and sometimes when you go to these different

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Speaker 2: you know, when you're searching for a particular topic, you know,

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Speaker 2: all these different stories will come up. And once in

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Speaker 2: a while, I'll go into this website called the Street

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Speaker 2: and they have a lot of stories that talking about companies,

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Speaker 2: what they're doing in terms of they're increasing, decreasing. A

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Speaker 2: lot of bad news in there in terms of companies

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Speaker 2: that are filing bankruptcy. And it's one of those things

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Speaker 2: where you read the story. Within the story, they'll say, oh,

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Speaker 2: for more news, check this one out, and then you

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Speaker 2: check out this one, and then you keep going down

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Speaker 2: this rabbit hole to where you're seeing about ten different

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Speaker 2: stories from the same website, and they are a little

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Speaker 2: bubble or two left of center.

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Speaker 4: Let me just put it this way.

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Speaker 2: I'll start off and give you the first paragraph of

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Speaker 2: this story, a couple of paragraphs that kind of tends

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Speaker 2: to tell you where this guy is heading. And again,

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Speaker 2: the guy's name is Daniel Klein, and they do have

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Speaker 2: this big picture of him, and based on being some

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Speaker 2: of a bubble or two left of center, he very

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Speaker 2: much looks the part he.

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Speaker 4: Starts off with.

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Speaker 2: Most CEOs avoid politics if you make a statement even

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Speaker 2: seemingly benign, a benign one that seems to favor one

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Speaker 2: party or the other, you run the risk of being

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Speaker 2: labeled one way or the other.

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Speaker 4: And he uses this as an example.

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Speaker 2: Target, for example, ended up and broiled in a political

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Speaker 2: debate over gender when it decided to add a one person,

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Speaker 2: non gendered bathroom in its stores. That bathroom was open

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Speaker 2: to shy, people with special needs and anyone who wanted

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Speaker 2: to use it. Now he launches in for the next

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Speaker 2: half page talking about how conservatives went nuts on this.

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Speaker 2: He's absolutely nuts himself if he thinks that's the thing

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Speaker 2: that upset people because single used bathrooms, especially for somebody

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Speaker 2: trying to change a child or somebody that wants to

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Speaker 2: just have a little bit of privacy, and especially you know,

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Speaker 2: in the men's room, women's room, whatever.

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Speaker 4: No big deal.

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Speaker 2: What Target got into problems with is having bathing suits

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Speaker 2: for transgender men or transgender women, men being women right

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Speaker 2: in front of the stores with the pocket to tuck

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Speaker 2: your stuff in. And this was for kids as are

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Speaker 2: walking in, going mommy, what's that this? This is the

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Speaker 2: thing that it had nothing to do with this bathroom.

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Speaker 2: But this is what he's focusing on, saying that, oh,

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Speaker 2: you know, Target can say certain things that they get

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Speaker 2: into trouble, but the Walmart CEO doesn't, which is a

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Speaker 2: bunch of crap. Then he goes into again this is

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Speaker 2: very negative for the first page and a half or so,

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Speaker 2: but when he gets into the actual meat of what

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Speaker 2: this gentleman said, let me see John Ferner was talking

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Speaker 2: in this business forum. Ferner actually spoke in favor of

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Speaker 2: broad impacts of Trump's tariffs when he was on this

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Speaker 2: panel cy NBC Invests in America Forum investing in US

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Speaker 2: manufacturing and US operations. Sure, it's great for businesses, but

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Speaker 2: it's also great for employment.

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Speaker 4: It's great for jobs, it's great for.

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Speaker 2: The company a country, and it helps us with our

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Speaker 2: supply Chaine chain being flexible and dynamic. Ferner further pointed

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Speaker 2: out that over sixty percent of Walmart's goods are sourced

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Speaker 2: from a MA American companies operating in the US soil. Now,

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Speaker 2: again that has to do more in line with that

439
00:25:06,440 --> 00:25:11,120
Speaker 2: sixty percent of Walmart's sales are in the grocery end

440
00:25:11,280 --> 00:25:14,439
Speaker 2: as opposed to the other sales in their stores. But

441
00:25:14,560 --> 00:25:20,000
Speaker 2: again this is positive, not downplaying the terraces. Does Walmart

442
00:25:20,720 --> 00:25:25,600
Speaker 2: support terraffs essentially. Walmart executives said terraffs have forced companies,

443
00:25:25,680 --> 00:25:30,040
Speaker 2: including his own, to invest in US production. He cited

444
00:25:30,119 --> 00:25:35,880
Speaker 2: a new beef processing facility in o'laith, Kansas that will

445
00:25:35,920 --> 00:25:40,479
Speaker 2: generate over six hundred jobs for Americans. It's, as he said,

446
00:25:40,600 --> 00:25:44,760
Speaker 2: it's a big investment, and having quality products that are

447
00:25:44,800 --> 00:25:47,919
Speaker 2: sourced in a more sustainable way that can deliver to

448
00:25:47,960 --> 00:25:52,200
Speaker 2: customers is really important. Walmart's CEO, however, made it clear

449
00:25:52,240 --> 00:25:55,679
Speaker 2: that terraffs on foreign goods have also increased costs and

450
00:25:55,760 --> 00:26:00,760
Speaker 2: explained his company needs to source globally. But he goes

451
00:26:00,800 --> 00:26:04,040
Speaker 2: into the example when he's talking about this, he's talking

452
00:26:04,080 --> 00:26:07,760
Speaker 2: about how you know, coffee might be an example, and

453
00:26:08,160 --> 00:26:10,640
Speaker 2: if you have if you're a coffee drinker and you've

454
00:26:10,640 --> 00:26:13,880
Speaker 2: bought coffee over the years, and whether it's you know what,

455
00:26:13,960 --> 00:26:16,960
Speaker 2: however you buy coffee, you will notice that there are

456
00:26:17,000 --> 00:26:21,160
Speaker 2: certain times over the years where coffee prices have spiked,

457
00:26:21,200 --> 00:26:24,840
Speaker 2: and it's spiked considerably based on the crop. You know,

458
00:26:24,840 --> 00:26:28,040
Speaker 2: it's an agricultural crop. So if you have a drought

459
00:26:28,119 --> 00:26:31,480
Speaker 2: or you have a heavy rain season, that causes mold

460
00:26:31,560 --> 00:26:34,040
Speaker 2: or causes problems in some of these areas you're going

461
00:26:34,119 --> 00:26:36,639
Speaker 2: to have a bad crop. And so we see this,

462
00:26:36,760 --> 00:26:40,760
Speaker 2: whether it doesn't matter whether it's corn, tomatoes, avocados, or whatever.

463
00:26:41,000 --> 00:26:44,440
Speaker 2: If the growing season is bad and the amounts harvested

464
00:26:44,680 --> 00:26:47,480
Speaker 2: is less than the prices are going to go up.

465
00:26:47,760 --> 00:26:50,880
Speaker 2: And so you know, in terms of what he cites here,

466
00:26:50,920 --> 00:26:54,080
Speaker 2: in terms of even coffee, those prices and we have

467
00:26:54,200 --> 00:26:57,159
Speaker 2: seen over the last year or so coffee price is

468
00:26:57,200 --> 00:27:01,800
Speaker 2: going up considerably because of droughts in those regions, and

469
00:27:02,080 --> 00:27:04,480
Speaker 2: there have been some tariffs added to that, but then

470
00:27:04,560 --> 00:27:09,119
Speaker 2: those have been backed off because of realizing how sensitive

471
00:27:09,160 --> 00:27:12,560
Speaker 2: that is in terms of pricing coming into the United States.

472
00:27:13,880 --> 00:27:17,160
Speaker 2: So that was the story that was in this company

473
00:27:17,200 --> 00:27:20,840
Speaker 2: called The Street. Now something else that popped up the

474
00:27:20,880 --> 00:27:25,040
Speaker 2: other day is the story where Walmart is talking about

475
00:27:25,080 --> 00:27:31,760
Speaker 2: lowering prices this year around Easter, around Thanksgiving, Walmart is

476
00:27:31,800 --> 00:27:36,320
Speaker 2: offering its lowest price in years for butterball turkeys this Thanksgiving,

477
00:27:36,400 --> 00:27:40,199
Speaker 2: as the nation's largest food seller flexes its muscles to

478
00:27:40,440 --> 00:27:44,040
Speaker 2: entice price sensitive consumers with deals. The company said that

479
00:27:44,080 --> 00:27:47,679
Speaker 2: it will sell turkeys for ninety seven cents per pound,

480
00:27:48,040 --> 00:27:51,240
Speaker 2: its cheapest price since twenty nineteen.

481
00:27:52,160 --> 00:27:53,680
Speaker 4: Price is being rolled.

482
00:27:53,400 --> 00:27:57,720
Speaker 2: Back six years to twenty nineteen, Turkey production has been

483
00:27:57,760 --> 00:28:01,879
Speaker 2: tight due to shrinking flocks and resurgence of avian flu.

484
00:28:02,440 --> 00:28:05,199
Speaker 2: This has nothing to do with terraffs. It has to

485
00:28:05,200 --> 00:28:07,399
Speaker 2: do with the avian flu. We saw that in the

486
00:28:07,480 --> 00:28:10,640
Speaker 2: chicken prices. We saw that as far as the egg prices,

487
00:28:10,920 --> 00:28:13,359
Speaker 2: that that had nothing to do with terrafs, that it

488
00:28:13,480 --> 00:28:17,160
Speaker 2: had everything to do with a certain virus or the

489
00:28:17,200 --> 00:28:20,480
Speaker 2: avian flu going through when we look at beef prices,

490
00:28:20,520 --> 00:28:23,040
Speaker 2: when we start looking at the droughts in certain areas

491
00:28:23,040 --> 00:28:26,080
Speaker 2: of the country and the fact that there's this screw

492
00:28:26,160 --> 00:28:30,400
Speaker 2: warm fly or whatever that it's been infecting cattle and

493
00:28:30,840 --> 00:28:33,199
Speaker 2: even some of the cattle that we used to or

494
00:28:33,440 --> 00:28:36,520
Speaker 2: the meat that we used to import from Mexico, that

495
00:28:36,520 --> 00:28:39,600
Speaker 2: their herds have been devastated by that, and so that's

496
00:28:39,680 --> 00:28:42,280
Speaker 2: causing the prices to go up, not having to do

497
00:28:42,400 --> 00:28:45,440
Speaker 2: with terrats. And when people are like I said a

498
00:28:45,440 --> 00:28:48,040
Speaker 2: few weeks ago, I was at a function and somebody

499
00:28:48,080 --> 00:28:50,080
Speaker 2: that I hadn't seen in a number of years was saying, well,

500
00:28:50,240 --> 00:28:53,960
Speaker 2: you know, you're really as conservative as you are on Facebook, Yeah,

501
00:28:54,000 --> 00:28:57,800
Speaker 2: and every bit much. And she was saying, well, how

502
00:28:57,880 --> 00:29:00,000
Speaker 2: can you be that way I go to the grocery store,

503
00:29:00,360 --> 00:29:02,560
Speaker 2: food prices are out aside, Well, what are you talking about,

504
00:29:02,680 --> 00:29:05,680
Speaker 2: oh talking about meat? Well, meat prices have nothing to

505
00:29:05,720 --> 00:29:07,680
Speaker 2: do with the terroriffs. It has to do with it

506
00:29:07,760 --> 00:29:11,440
Speaker 2: being a commodity, which is something that is it's dependent

507
00:29:11,520 --> 00:29:15,480
Speaker 2: upon route, it's dependent on grain prices, and it's dependent

508
00:29:15,560 --> 00:29:18,960
Speaker 2: upon whether or not these cattle are producing fast enough,

509
00:29:19,120 --> 00:29:22,840
Speaker 2: and whether or not there is a disease that is

510
00:29:22,880 --> 00:29:25,680
Speaker 2: causing some of these herds having to be dwindled. The

511
00:29:25,720 --> 00:29:29,160
Speaker 2: fact that our herds, the number of herds in the

512
00:29:29,280 --> 00:29:32,960
Speaker 2: United States, those size of herds are down to the

513
00:29:33,160 --> 00:29:36,440
Speaker 2: size that they were back in nineteen fifty one. And

514
00:29:36,480 --> 00:29:38,120
Speaker 2: I guarantee you if you take a look at what

515
00:29:38,200 --> 00:29:41,520
Speaker 2: the population of the United States back in nineteen fifty

516
00:29:41,560 --> 00:29:45,440
Speaker 2: one versus today, that is really going to be causing

517
00:29:45,520 --> 00:29:50,720
Speaker 2: those problems. But again Walmart talking about Thanksgiving. Retailers typically

518
00:29:50,920 --> 00:29:54,480
Speaker 2: offer major discounts during the holiday season to grow traffic

519
00:29:54,520 --> 00:29:58,480
Speaker 2: and sales. Walmart deals underscored a height emphasis this year

520
00:29:58,720 --> 00:30:02,560
Speaker 2: as families look to save as they navigate inflation concerns

521
00:30:02,720 --> 00:30:03,680
Speaker 2: fueled by tariffs.

522
00:30:03,720 --> 00:30:05,760
Speaker 4: And of course they have to throw this in again.

523
00:30:05,880 --> 00:30:08,280
Speaker 4: This was from a let me see Bloomberg.

524
00:30:08,400 --> 00:30:13,280
Speaker 2: Of course, expect that grocery inflation ticked up in August

525
00:30:13,280 --> 00:30:16,720
Speaker 2: from July, according to the Labor Department's latest data. That's

526
00:30:16,760 --> 00:30:19,400
Speaker 2: all they do. That's all they say. But when I

527
00:30:19,440 --> 00:30:22,760
Speaker 2: looked into it. The new data will be out on Friday,

528
00:30:23,120 --> 00:30:27,320
Speaker 2: but their reference here to grocery prices going up from

529
00:30:27,400 --> 00:30:31,000
Speaker 2: July to August, it won up a half a percentage point,

530
00:30:31,240 --> 00:30:35,320
Speaker 2: hardly recognizable. Walmart shoppers will have the option of buying

531
00:30:35,360 --> 00:30:39,600
Speaker 2: individual products for the holiday, or an entire Thanksgiving meal

532
00:30:39,720 --> 00:30:43,360
Speaker 2: basket of more than twenty items which costs less than

533
00:30:43,440 --> 00:30:47,640
Speaker 2: forty dollars and serves ten people. That means that you

534
00:30:47,680 --> 00:30:51,920
Speaker 2: can serve ten people for about four dollars apiece. Retailer

535
00:30:52,000 --> 00:30:54,959
Speaker 2: said the basket price tag is the lowest sense it

536
00:30:55,000 --> 00:30:59,600
Speaker 2: began the program back in twenty twenty two. Bentville, Arkansas

537
00:30:59,640 --> 00:31:02,920
Speaker 2: based Walmart has been keeping food prices competitive in a

538
00:31:02,960 --> 00:31:06,160
Speaker 2: bid to pick up more market share. Its grocery business,

539
00:31:06,160 --> 00:31:09,320
Speaker 2: as I mentioned before, contributes about sixty percent of its

540
00:31:09,440 --> 00:31:14,280
Speaker 2: US sales, is less exposed to import duties than consumer

541
00:31:14,360 --> 00:31:15,400
Speaker 2: products like car.

542
00:31:15,320 --> 00:31:16,640
Speaker 4: Seats and apparel.

543
00:31:16,960 --> 00:31:20,600
Speaker 2: Overall, Walmart has said it expects to raise prices due

544
00:31:20,680 --> 00:31:24,800
Speaker 2: to tariffs. But they haven't filtered in yet because they've

545
00:31:24,800 --> 00:31:28,120
Speaker 2: had a built up of items that they bought prior

546
00:31:28,240 --> 00:31:31,320
Speaker 2: to the tariffs taking effect that they're working off now.

547
00:31:31,520 --> 00:31:35,560
Speaker 2: And as these tariff negotiations and trade negotiations are being done,

548
00:31:35,680 --> 00:31:38,160
Speaker 2: those terraffs may not go into effect. I've got a

549
00:31:38,200 --> 00:31:40,920
Speaker 2: little bit more on this on Walmart. I'm Kevin Gordon,

550
00:31:40,920 --> 00:31:44,120
Speaker 2: america'struck in Network seven hundred WLW.

551
00:31:45,640 --> 00:31:49,240
Speaker 11: With Dve Lapham's enshrinement into the Bengals Ring of Honor,

552
00:31:49,560 --> 00:31:53,760
Speaker 11: we paid tribute to a life of lap presented by Skyline.

553
00:31:53,880 --> 00:31:57,240
Speaker 11: Feeling good keeps Skyline time. Now here's Dan.

554
00:31:57,160 --> 00:32:01,160
Speaker 12: And d lap You famously convinced your fellow offensive lineman

555
00:32:01,200 --> 00:32:04,000
Speaker 12: to go sleeveless in the freezer Bowl where the wind

556
00:32:04,040 --> 00:32:07,040
Speaker 12: show was minus fifty nine degrees? Was it more of

557
00:32:07,080 --> 00:32:09,720
Speaker 12: a psychological advantage or a physical one?

558
00:32:09,960 --> 00:32:11,000
Speaker 4: You know, I think it was both.

559
00:32:11,040 --> 00:32:14,400
Speaker 10: In you know, that's I was thinking initially, was I'm

560
00:32:14,440 --> 00:32:16,520
Speaker 10: from the east, you know, I'm from the New England area.

561
00:32:16,760 --> 00:32:19,760
Speaker 4: I've gone through some winners. I know what cold weather's like.

562
00:32:20,400 --> 00:32:22,760
Speaker 4: Not like that. That was brutality, man.

563
00:32:22,880 --> 00:32:25,280
Speaker 10: And of course the Chargers from the West coast, so

564
00:32:25,680 --> 00:32:28,600
Speaker 10: they really couldn't go anywhere unless they flew in early

565
00:32:28,800 --> 00:32:31,400
Speaker 10: to practice in those kind of conditions. Unbelievable.

566
00:32:31,440 --> 00:32:34,160
Speaker 4: I mean it was it was survival. I never played

567
00:32:34,360 --> 00:32:36,600
Speaker 4: the game of football.

568
00:32:35,760 --> 00:32:39,800
Speaker 10: Like that one, because when you hit that field, oh man,

569
00:32:39,920 --> 00:32:42,040
Speaker 10: it was like, you know, you were falling on a brick,

570
00:32:42,080 --> 00:32:43,360
Speaker 10: you were falling on concrete.

571
00:32:43,440 --> 00:32:45,920
Speaker 11: For more on the life of lap keep it here

572
00:32:46,240 --> 00:32:50,720
Speaker 11: on seven hundred WLW, the home of the best Spangals coverage.

573
00:32:51,040 --> 00:32:54,520
Speaker 4: Run a business and not thinking about podcasting, Think again.

574
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Speaker 6: More Americans listen to podcasts than AD supported streaming music

575
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Speaker 6: from Spotify Alexandria.

576
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Speaker 3: Check out the Tri States' margest inventory of brand new

577
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Speaker 3: Ford Broncos, Super Duty and Ford Mustang at Mike Kestrucyford

578
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Speaker 3: dot com.

579
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Speaker 4: That's Mike Kees Strucy Ford.

580
00:33:12,480 --> 00:33:17,280
Speaker 2: This is america'struck a network. Seven hundred a WLW. Now

581
00:33:17,320 --> 00:33:19,440
Speaker 2: that's going to seem like I'm talking a lot about

582
00:33:19,840 --> 00:33:23,560
Speaker 2: Walmart what But it was interesting because in three different

583
00:33:24,120 --> 00:33:27,520
Speaker 2: stories that popped up, certain things were talked about how

584
00:33:27,560 --> 00:33:31,280
Speaker 2: Walmart is doing certain things in order to keep prices

585
00:33:31,360 --> 00:33:34,360
Speaker 2: low and so on. But this story here is just

586
00:33:34,480 --> 00:33:38,720
Speaker 2: particularly funnier than heck. Once in a while, these members

587
00:33:38,720 --> 00:33:42,000
Speaker 2: of the spoon feder regurgitators in the mainstream media, they

588
00:33:42,680 --> 00:33:45,480
Speaker 2: are all pompous and they think that, Okay, if I

589
00:33:45,600 --> 00:33:47,880
Speaker 2: just go ahead and say this, then this person's going

590
00:33:47,920 --> 00:33:50,200
Speaker 2: to agree with me and we'll just move on from there.

591
00:33:50,400 --> 00:33:55,800
Speaker 2: George Stephanopolos on ABC. Now they pawn him off as

592
00:33:55,840 --> 00:33:59,160
Speaker 2: some sort of a journalist and they praise him for

593
00:33:59,280 --> 00:34:02,840
Speaker 2: being a journalists. This guy is the furthest thing from

594
00:34:02,880 --> 00:34:06,000
Speaker 2: being a journalist that you can possibly be. He was

595
00:34:06,520 --> 00:34:11,080
Speaker 2: Clinton's wingman. He was during the campaign. He was the

596
00:34:11,080 --> 00:34:14,799
Speaker 2: one that was heading up Him and James Carvel were

597
00:34:14,840 --> 00:34:18,560
Speaker 2: heading up what they called the Bimbo Eruption Room, where

598
00:34:18,600 --> 00:34:21,879
Speaker 2: they tried to find out how many different women that

599
00:34:22,520 --> 00:34:25,080
Speaker 2: Clinton had been with over the years, cheating on his

600
00:34:25,120 --> 00:34:27,400
Speaker 2: wife and so on, and wanted to make sure that

601
00:34:27,480 --> 00:34:30,080
Speaker 2: they pulled up as much dirt on these people as

602
00:34:30,120 --> 00:34:33,480
Speaker 2: possible in order to discredit them if they dared to

603
00:34:33,520 --> 00:34:37,160
Speaker 2: speak up. He was one of the most ruthless individuals.

604
00:34:37,239 --> 00:34:40,440
Speaker 2: In a matter of fact, there was a scene or

605
00:34:40,840 --> 00:34:44,920
Speaker 2: a situation where he was talking to somebody and they

606
00:34:44,920 --> 00:34:47,319
Speaker 2: were going to run a story and he called them,

607
00:34:47,320 --> 00:34:49,799
Speaker 2: and he says, I guarantee you that if you run

608
00:34:49,840 --> 00:34:53,279
Speaker 2: that story, you will never get an interview with this

609
00:34:53,360 --> 00:34:57,000
Speaker 2: person again, and you will be dead to us, and

610
00:34:57,040 --> 00:34:58,719
Speaker 2: all this sort of stuff. And he was yelling and

611
00:34:58,760 --> 00:35:02,040
Speaker 2: screaming at these people, trying to intimidate them not to

612
00:35:02,120 --> 00:35:05,480
Speaker 2: run a true story about somebody. So this guy is

613
00:35:05,520 --> 00:35:08,600
Speaker 2: a journalist, but this was funnier than hell. He was

614
00:35:08,640 --> 00:35:13,320
Speaker 2: talking to Walmart's CEO, John Ferner, and he was saying

615
00:35:13,800 --> 00:35:16,359
Speaker 2: he tried to argue the turkey prices were a up,

616
00:35:16,600 --> 00:35:20,759
Speaker 2: but Ferner replied that Walmart's turkey prices will be back

617
00:35:20,880 --> 00:35:23,920
Speaker 2: down to the twenty nineteen And it was an interesting

618
00:35:23,960 --> 00:35:26,800
Speaker 2: dialogue because George stephanopolis and trying to look real serious

619
00:35:26,840 --> 00:35:29,120
Speaker 2: and says, well, you know, we're going into the holiday

620
00:35:29,160 --> 00:35:33,120
Speaker 2: season and these turkey prices, the prices of turkey are

621
00:35:33,200 --> 00:35:37,320
Speaker 2: way up, and food prices are really up due to inflation.

622
00:35:38,040 --> 00:35:41,200
Speaker 2: And this guy goes, well, not really, We're gonna have

623
00:35:41,360 --> 00:35:44,960
Speaker 2: turkey prices that are down ninety seven cents per pound,

624
00:35:45,160 --> 00:35:47,480
Speaker 2: which is down a round where it was twenty nineteen,

625
00:35:48,040 --> 00:35:53,399
Speaker 2: and the Thanksgiving basket will sell for fourteen dollars. You know,

626
00:35:54,680 --> 00:35:58,040
Speaker 2: I'm sorry, it's fourteen dollars cheaper than it was last year.

627
00:35:58,200 --> 00:36:01,520
Speaker 2: So that is a decrease there the cheapest price that

628
00:36:01,640 --> 00:36:03,920
Speaker 2: that basket of stuff we were talking about as far

629
00:36:03,920 --> 00:36:06,680
Speaker 2: as for the turkey dinner, feed a family or feed

630
00:36:06,719 --> 00:36:10,080
Speaker 2: ten people for forty bucks, and that is down fourteen

631
00:36:10,160 --> 00:36:13,040
Speaker 2: dollars from where it was last year and down around

632
00:36:13,040 --> 00:36:13,879
Speaker 2: the prices.

633
00:36:13,560 --> 00:36:15,239
Speaker 4: Where it was in twenty twenty two.

634
00:36:15,520 --> 00:36:18,880
Speaker 2: Then George steph Alonas has tried to talk about Walmart's

635
00:36:18,880 --> 00:36:24,160
Speaker 2: CEO about harming the economy with teriffs for again disagreed,

636
00:36:24,200 --> 00:36:28,040
Speaker 2: saying two thirds of what we sell is either made, grown,

637
00:36:28,200 --> 00:36:31,960
Speaker 2: or assembled in the United States, and they currently we

638
00:36:32,080 --> 00:36:38,239
Speaker 2: have seven thousand items on Walmart's trademark Rollback pricing a program,

639
00:36:38,480 --> 00:36:40,440
Speaker 2: so if you go into Walmart, you go and you

640
00:36:40,480 --> 00:36:43,879
Speaker 2: see their prices, they will actually show the label there

641
00:36:43,960 --> 00:36:46,439
Speaker 2: and when they reduce the prices, they'll have this either

642
00:36:46,560 --> 00:36:48,200
Speaker 2: yellow tag or whatever on their.

643
00:36:48,239 --> 00:36:49,520
Speaker 4: Price roll back.

644
00:36:49,840 --> 00:36:52,080
Speaker 2: So you push back on the head and you could

645
00:36:52,080 --> 00:36:55,880
Speaker 2: just see George Stephanopolos's face getting worse and worse. It's like,

646
00:36:56,040 --> 00:36:58,640
Speaker 2: wait a minute, you know I had this whole thing,

647
00:36:58,760 --> 00:37:01,319
Speaker 2: this whole scenario is going to you know, bash the

648
00:37:01,360 --> 00:37:04,880
Speaker 2: Trump administration, and this guy's not not cooperating with me.

649
00:37:05,320 --> 00:37:08,120
Speaker 2: Step Monopolis then tried to one last time to have

650
00:37:08,600 --> 00:37:12,960
Speaker 2: Walmart CEO John Ferner attacked Trump administration, arguing Americans are

651
00:37:13,239 --> 00:37:16,800
Speaker 2: tightening their belts right now, borrowing more to pay bills,

652
00:37:17,040 --> 00:37:20,279
Speaker 2: falling behind on credit card payments, and wondered if that's

653
00:37:20,360 --> 00:37:21,560
Speaker 2: affected the company.

654
00:37:21,960 --> 00:37:24,359
Speaker 4: Ferner then started talking about uh.

655
00:37:24,680 --> 00:37:28,279
Speaker 2: He rejected that it's happening, arguing that Americans are very

656
00:37:28,480 --> 00:37:33,160
Speaker 2: resilient while they are wanting quality and value. So they

657
00:37:33,200 --> 00:37:37,200
Speaker 2: are dealing with whatever they have to deal with, and

658
00:37:37,239 --> 00:37:40,920
Speaker 2: they start adjusting their purchases to get more quality and

659
00:37:41,040 --> 00:37:45,319
Speaker 2: more value as opposed to spending more money and then

660
00:37:45,560 --> 00:37:48,400
Speaker 2: piling on either or you know, putting more money on

661
00:37:48,440 --> 00:37:49,280
Speaker 2: their credit cards.

662
00:37:49,640 --> 00:37:52,160
Speaker 4: And so they are the you know, here is.

663
00:37:52,160 --> 00:37:57,160
Speaker 2: A company that is on the front edge of consumerism

664
00:37:57,680 --> 00:38:00,759
Speaker 2: and he's having none of this crap in towards Monopolis

665
00:38:00,880 --> 00:38:01,799
Speaker 2: is trying to talk about.

666
00:38:02,120 --> 00:38:02,239
Speaker 4: Now.

667
00:38:02,280 --> 00:38:05,279
Speaker 2: I mentioned yesterday as far as the grocery purchases in

668
00:38:05,320 --> 00:38:09,680
Speaker 2: the Gordon household, how I mentioned that back in what

669
00:38:09,840 --> 00:38:12,360
Speaker 2: was it, two thousand and eight, during the Great Recession,

670
00:38:13,920 --> 00:38:16,160
Speaker 2: I wouldn't say money was tight, but I was always

671
00:38:16,200 --> 00:38:21,239
Speaker 2: interested in I'm always interested in saving money. People used

672
00:38:21,239 --> 00:38:24,040
Speaker 2: to refer to I've got Scottish background, so they always

673
00:38:24,040 --> 00:38:26,480
Speaker 2: tell me how cheap I am. But back then I

674
00:38:26,520 --> 00:38:29,399
Speaker 2: was looking at different stuff and I was thinking, well,

675
00:38:29,440 --> 00:38:32,200
Speaker 2: you know what, I'm going to try Kroger products just

676
00:38:32,280 --> 00:38:34,480
Speaker 2: for the heck of it instead of the national brands.

677
00:38:34,520 --> 00:38:36,920
Speaker 2: And they were a lot cheaper. And I was shocked

678
00:38:36,920 --> 00:38:40,279
Speaker 2: at how much better some of their products are as

679
00:38:40,280 --> 00:38:43,280
Speaker 2: opposed to the national brands. Now, I made the comment

680
00:38:43,680 --> 00:38:47,680
Speaker 2: about certain items like peanut butter and some of the cereal,

681
00:38:47,880 --> 00:38:51,000
Speaker 2: and if you look at the products and themselves the cereal,

682
00:38:51,160 --> 00:38:54,640
Speaker 2: the components in there are less harmful, a are more

683
00:38:54,719 --> 00:38:58,040
Speaker 2: natural than the national brands. And as far as the

684
00:38:58,080 --> 00:39:00,160
Speaker 2: taste and the quality and that sort of stuff is

685
00:39:00,280 --> 00:39:02,720
Speaker 2: very much up there. Now when you get into stuff

686
00:39:02,760 --> 00:39:06,040
Speaker 2: like ketchup and mustard and stuff like that, man, you

687
00:39:06,120 --> 00:39:08,080
Speaker 2: got to go with the national brand in my opinion.

688
00:39:08,520 --> 00:39:13,000
Speaker 2: But again it's it's it pays to take a look

689
00:39:13,120 --> 00:39:17,200
Speaker 2: at sometimes the Kroger or the store brands and just

690
00:39:17,320 --> 00:39:20,799
Speaker 2: do a product comparison ingredient comparison.

691
00:39:20,480 --> 00:39:21,520
Speaker 4: As to what those do.

692
00:39:21,880 --> 00:39:23,920
Speaker 2: And it's very interesting when you when you look at

693
00:39:23,920 --> 00:39:27,080
Speaker 2: that what and really save on your grocery bill and

694
00:39:27,120 --> 00:39:30,320
Speaker 2: be a little bit more of a savvy, savvy shopper.

695
00:39:31,520 --> 00:39:34,279
Speaker 2: And I keep referencing this I because it was it

696
00:39:34,320 --> 00:39:37,000
Speaker 2: was so funny when somebody was doing an interview with

697
00:39:37,080 --> 00:39:40,279
Speaker 2: somebody about how they're trying, you know, grocery prices are

698
00:39:40,280 --> 00:39:42,520
Speaker 2: going up, How are you going to do that? And

699
00:39:42,560 --> 00:39:43,600
Speaker 2: what are you going to how are you going to

700
00:39:43,719 --> 00:39:45,759
Speaker 2: handle that? And persons, why may I have to start

701
00:39:45,760 --> 00:39:49,880
Speaker 2: taking drastic measures like using coupons. That's a drastic measure.

702
00:39:50,280 --> 00:39:52,440
Speaker 2: Let's take a look quick look at oil and gas prices,

703
00:39:52,440 --> 00:39:54,400
Speaker 2: because they have been bouncing around a little bit, and

704
00:39:54,440 --> 00:39:56,160
Speaker 2: we really haven't talked a lot about those over the

705
00:39:56,239 --> 00:39:58,719
Speaker 2: last couple of days. West sax Is intermediate crewed crolling

706
00:39:58,840 --> 00:40:00,960
Speaker 2: is fifty eight dollars and fifty cents a barrel. That

707
00:40:01,080 --> 00:40:04,440
Speaker 2: is up a dollars twenty six, So it was actually

708
00:40:04,440 --> 00:40:06,160
Speaker 2: even lower than you know, lower than.

709
00:40:06,080 --> 00:40:07,520
Speaker 4: Fifty eight dollars and fifty cents.

710
00:40:07,680 --> 00:40:10,319
Speaker 2: People were saying earlier that they didn't think gas or

711
00:40:10,320 --> 00:40:12,520
Speaker 2: oil prices we're going to get down below sixty dollars

712
00:40:12,600 --> 00:40:16,799
Speaker 2: a barrel, and here this is even now a dollar

713
00:40:16,960 --> 00:40:20,960
Speaker 2: fifty below sixty dollars range, and was even a two

714
00:40:21,000 --> 00:40:25,440
Speaker 2: dollars and seventy six cents below that sixty dollars range

715
00:40:25,560 --> 00:40:28,640
Speaker 2: the other day. But anyway, currently fifty eight dollars and

716
00:40:28,640 --> 00:40:31,319
Speaker 2: fifty cents up a dollar twenty six, up two point

717
00:40:31,360 --> 00:40:34,400
Speaker 2: two percent. Brent crude currently is a sixty two dollars

718
00:40:34,480 --> 00:40:36,759
Speaker 2: and fifty eight cents a barrel. That is up a

719
00:40:36,840 --> 00:40:39,920
Speaker 2: dollar twenty six. Again, even Brent crude was down in

720
00:40:39,920 --> 00:40:42,799
Speaker 2: that sixty dollars range just since the first of the year.

721
00:40:43,239 --> 00:40:46,760
Speaker 2: Oil prices, even at this rate, are down eight West

722
00:40:46,760 --> 00:40:50,920
Speaker 2: Texas intermediate crude is down eighteen dollars and thirty nine cents.

723
00:40:51,120 --> 00:40:54,840
Speaker 2: That is a twenty four percent drop. Brent crude is

724
00:40:54,920 --> 00:40:58,160
Speaker 2: down seventeen dollars and thirty two cents. That is a

725
00:40:58,280 --> 00:40:59,960
Speaker 2: twenty two percent drop.

726
00:41:00,360 --> 00:41:02,680
Speaker 4: Again. I'm waiting, I'm anxious.

727
00:41:02,960 --> 00:41:06,640
Speaker 2: I want to see that price filter through into the

728
00:41:06,680 --> 00:41:10,640
Speaker 2: gas prices. Gas prices nationwide now are three dollars and

729
00:41:10,719 --> 00:41:13,440
Speaker 2: seven cents a gallon. A couple of weeks ago they

730
00:41:13,440 --> 00:41:15,560
Speaker 2: were up to three dollars and fourteen three dollars and

731
00:41:15,600 --> 00:41:18,239
Speaker 2: sixteen cents a gallon. So it is coming down a

732
00:41:18,280 --> 00:41:20,960
Speaker 2: little bit. Last year, at this time gas was at

733
00:41:21,040 --> 00:41:23,959
Speaker 2: three dollars and sixteen cents a gallon, so it's down

734
00:41:24,040 --> 00:41:26,480
Speaker 2: ten cents from that. Needs to be down even further

735
00:41:26,560 --> 00:41:29,120
Speaker 2: than that. If you look at diesel Diesel cross the

736
00:41:29,120 --> 00:41:32,800
Speaker 2: board national average is three dollars and sixty three cents

737
00:41:33,080 --> 00:41:37,080
Speaker 2: a gallon. That is only about four or five cents

738
00:41:37,160 --> 00:41:39,960
Speaker 2: a gallon less than what was this time last year,

739
00:41:40,160 --> 00:41:43,359
Speaker 2: but it is coming down locally here. I found this

740
00:41:43,480 --> 00:41:49,040
Speaker 2: interesting and this it pays to check those gas apps

741
00:41:49,040 --> 00:41:51,759
Speaker 2: that you have. There are several different websites that you

742
00:41:51,800 --> 00:41:54,040
Speaker 2: can go out there and check in terms of gas

743
00:41:54,120 --> 00:41:57,160
Speaker 2: prices in an area if you're looking for gas prices,

744
00:41:57,480 --> 00:42:00,319
Speaker 2: I just do this on my zip code in the

745
00:42:00,440 --> 00:42:04,000
Speaker 2: entire county. In my neighborhood, gas prices were at two

746
00:42:04,040 --> 00:42:07,000
Speaker 2: dollars and seventy six cents, which is up seven cents

747
00:42:07,000 --> 00:42:08,279
Speaker 2: a gallon from last week.

748
00:42:08,560 --> 00:42:08,719
Speaker 4: Now.

749
00:42:08,800 --> 00:42:11,520
Speaker 2: Last night, when my wife and I were out driving around,

750
00:42:11,960 --> 00:42:16,200
Speaker 2: we were looking at different gas prices as high as

751
00:42:16,360 --> 00:42:19,040
Speaker 2: three dollars and nine cents in certain areas. So when

752
00:42:19,080 --> 00:42:21,960
Speaker 2: you're talking about gas prices on the low end at

753
00:42:21,960 --> 00:42:24,399
Speaker 2: two dollars and seventy six cents and the high end

754
00:42:24,760 --> 00:42:28,320
Speaker 2: at three dollars and nine cents. That thirty some cent difference,

755
00:42:28,360 --> 00:42:31,840
Speaker 2: thirty four cent difference is a big number, and behoove

756
00:42:31,880 --> 00:42:34,720
Speaker 2: you to go and check some of these prices. Diesel

757
00:42:34,760 --> 00:42:38,640
Speaker 2: prices are three dollars in my neck of the woods

758
00:42:38,760 --> 00:42:41,439
Speaker 2: three dollars and thirty eight cents. Now, that's up nine

759
00:42:41,480 --> 00:42:44,680
Speaker 2: cents from last week. And surprisingly there's usually about a

760
00:42:44,719 --> 00:42:47,960
Speaker 2: ten or fifteen cent gap between the lowest and the highest.

761
00:42:48,120 --> 00:42:49,160
Speaker 4: But in my zip.

762
00:42:48,960 --> 00:42:53,000
Speaker 2: Code the highest gas diesel price is only three thirty nine,

763
00:42:53,080 --> 00:42:56,400
Speaker 2: so there's only a penny difference. But again it would

764
00:42:56,520 --> 00:42:59,880
Speaker 2: behoove you to if you're going to pay gaps. You know,

765
00:43:00,040 --> 00:43:01,880
Speaker 2: if you're going to pay for gas, you might as

766
00:43:01,920 --> 00:43:04,000
Speaker 2: well pay for it as cheap as you can. So

767
00:43:04,120 --> 00:43:06,520
Speaker 2: check those apps and get the bargains where you can

768
00:43:06,560 --> 00:43:08,720
Speaker 2: get the bargains. Well, folks, that does it for us.

769
00:43:08,719 --> 00:43:12,040
Speaker 2: Stay tuned for ATI Radio atop the hour. I'm Kevin Gordon,

770
00:43:12,120 --> 00:43:15,840
Speaker 2: America's Trucking Network seven hundred WLW