WEBVTT - 10-15-25 America's Truckin' Network 0:00:10.800 --> 0:00:16.200 This is America's Trucking Network with Kevin Gordon, well of 0:00:16.239 --> 0:00:19.279 them more. Thanks for tuning in on this Wednesday morning. 0:00:20.079 --> 0:00:24.120 Last Friday, we got the one of my favorite surveys. 0:00:24.200 --> 0:00:27.800 I just flat out say that every month, it seems 0:00:27.800 --> 0:00:31.400 that this consumer sentiment report that comes out by the 0:00:31.520 --> 0:00:34.400 University of Michigan, this is the thing that a lot 0:00:34.440 --> 0:00:38.400 of the well the spoon fed regurgitators in the mainstream 0:00:38.440 --> 0:00:41.680 media kind of tend to glom onto because it's one 0:00:41.680 --> 0:00:46.080 of these well respected type of surveys that's done by 0:00:46.159 --> 0:00:49.519 the University of Michigan taking a look at consumer sentiment. 0:00:49.600 --> 0:00:52.839 Now this is done based on a survey, and a 0:00:53.080 --> 0:00:55.560 month after month, I bring this up and I talk 0:00:55.680 --> 0:00:59.320 about it simply because this is the stuff that the 0:00:59.360 --> 0:01:03.240 spoon fed regurgitators in the mainstream media talk about. Let's say, 0:01:03.240 --> 0:01:05.640 consumer sentiment went down and all this sort of stuff. 0:01:05.680 --> 0:01:09.399 So they put all these negative figures and these negative 0:01:09.440 --> 0:01:13.320 thoughts into people's head. And I've explained this numerous times 0:01:13.600 --> 0:01:16.560 that as I look out at the economy and I 0:01:16.640 --> 0:01:19.600 look at at what's going on, knowing the resilience of 0:01:19.600 --> 0:01:24.000 the American public, knowing the resilience of the individuals who 0:01:24.120 --> 0:01:27.720 own businesses, knowing the resilience of people like you out 0:01:27.760 --> 0:01:31.080 in the trucking industry that you guys can get through anything. 0:01:31.400 --> 0:01:33.640 All you got to know is what rules are we 0:01:33.680 --> 0:01:36.720 playing by. We can handle just about anything. We are 0:01:36.880 --> 0:01:40.480 rugged individualists in this country. We are the type of 0:01:40.480 --> 0:01:43.640 people we are. You compare us to any other people 0:01:43.720 --> 0:01:47.840 in the world, and we work harder, we work longer. 0:01:48.040 --> 0:01:50.640 Well maybe with the exception of the Japanese, but that's 0:01:50.640 --> 0:01:53.960 a whole nother story altogether. And they have their problems 0:01:54.000 --> 0:01:57.760 over there as well, some of the mental illness and 0:01:57.800 --> 0:02:00.720 stuff that's creeping up there because they have had this 0:02:00.960 --> 0:02:04.840 constant work, work, work, work, work ethics. Now you go 0:02:04.960 --> 0:02:07.280 that to a further extreme. You look at the European 0:02:07.400 --> 0:02:11.560 Union and how that will take a month off just 0:02:11.600 --> 0:02:15.480 to I guess, just to relax, even though they don't 0:02:15.480 --> 0:02:17.840 do much to begin with. So anyway, we are a 0:02:17.960 --> 0:02:21.600 very resilient people and we can get through just about anything. 0:02:21.600 --> 0:02:23.600 And as I said, all we need to know is 0:02:23.600 --> 0:02:25.840 what the rules are. And once in a while, we'd 0:02:25.880 --> 0:02:28.440 like to get a little cooperation from our government, which 0:02:28.480 --> 0:02:31.320 we are getting, and we would like a little cooperation 0:02:31.440 --> 0:02:34.160 from the Federal Reserve that we're not getting. And I 0:02:34.240 --> 0:02:36.720 keep harping on the idea or the fact that our 0:02:36.800 --> 0:02:39.240 interest rates are two damn high. If you're trying to 0:02:39.400 --> 0:02:42.160 stimulate the economy, if you want things to go along, 0:02:42.160 --> 0:02:43.800 if you want people to have more money in their 0:02:43.840 --> 0:02:45.960 pockets so they can go out and spend more, And 0:02:46.120 --> 0:02:49.959 you look at the numbers. Our unemployment is low, wages 0:02:50.040 --> 0:02:54.079 are coming up, Inflation is moderate in terms of where 0:02:54.120 --> 0:02:56.440 it is, and we'll talk about that coming up. And 0:02:56.600 --> 0:02:59.960 things are on the surface all looking pretty good. Problem 0:03:00.400 --> 0:03:02.400 is is that when you look at the interest rates 0:03:02.480 --> 0:03:04.880 and what people think of in terms of well their 0:03:04.880 --> 0:03:07.359 credit cards are concerned going out and try to buy 0:03:07.400 --> 0:03:09.400 a piece of equipment, try to buy a new truck, 0:03:09.480 --> 0:03:12.760 try to add fleets of trucks to your fleet, young 0:03:12.800 --> 0:03:15.480 people trying to buy a house. All that stuff factors 0:03:15.520 --> 0:03:19.040 into it. But what we're constantly getting is the drum 0:03:19.080 --> 0:03:22.040 beat from the spoon fed regurgitators in the mainstream media. 0:03:22.160 --> 0:03:24.839 They from day one have been trying to talk down 0:03:24.880 --> 0:03:29.120 this economy and trying to manufacture, in my opinion, a recession. 0:03:29.240 --> 0:03:31.640 They've talked about how horrible the tariffs are going to be, 0:03:31.680 --> 0:03:34.400 it's going to cause inflation, it's going to run into 0:03:34.400 --> 0:03:36.800 a recession, and things are going to go to hell 0:03:36.840 --> 0:03:39.280 in a handbasket, none of which has happened. And as 0:03:39.360 --> 0:03:42.680 a matter of fact, things have gone extremely well. And 0:03:42.720 --> 0:03:45.400 so we when we look at the inflation numbers, which 0:03:45.440 --> 0:03:48.000 we'll look at later on, as I mentioned, these are 0:03:48.040 --> 0:03:50.080 the things that are there. But yet we've got the 0:03:50.080 --> 0:03:53.760 spoon fed regurgitators in the mainstream media constantly talking down 0:03:53.800 --> 0:03:57.240 the economy, talking about high inflation, talking about this, that 0:03:57.320 --> 0:03:59.440 and the other thing. And when you go out you 0:03:59.520 --> 0:04:02.000 serve a people on the street, we don't know. When 0:04:02.080 --> 0:04:06.920 the survey, they never explain what the percentage of Republicans, Democrats, independents, 0:04:07.680 --> 0:04:11.160 the demographics, in terms of the ages, in terms of 0:04:11.200 --> 0:04:13.600 the population, and any of that. All they do is 0:04:13.640 --> 0:04:16.880 put out this survey. But it's one that people glom 0:04:16.960 --> 0:04:19.599 onto and talk about a lot. So let's go through this. 0:04:20.000 --> 0:04:23.920 The number of Americans, the numbers of the numbers, that's 0:04:23.960 --> 0:04:27.479 the title. Americans have soured on the prospect of finding 0:04:27.520 --> 0:04:31.159 new jobs. A new survey shows, well, that's all well 0:04:31.160 --> 0:04:33.719 and good if you're not working, but unemployment is low, 0:04:33.839 --> 0:04:36.520 so there's not that many people out there working, people 0:04:36.520 --> 0:04:39.840 that have a job. Okay, if you're looking for another job, 0:04:39.880 --> 0:04:42.880 if you're thinking of job hopping, that prospects might not 0:04:43.000 --> 0:04:45.159 be so good. But at least you've got a job 0:04:45.200 --> 0:04:47.640 and you've got a paycheck coming in. And they're still 0:04:47.680 --> 0:04:51.320 frustrated by persistent inflation. Oh really, we'll talk about that 0:04:51.400 --> 0:04:55.200 in a minute, giving them little confidence that the economy 0:04:55.240 --> 0:04:58.360 will improve soon. Well, the economy is pretty darn good 0:04:58.520 --> 0:05:01.520 compared to what it was back in the Biden administration, 0:05:01.920 --> 0:05:04.000 and when we look at energy prices, when we look 0:05:04.000 --> 0:05:06.080 at what is going on as far as food prices, 0:05:06.120 --> 0:05:11.400 and the prospects for economic prosperity. The first reading of 0:05:11.440 --> 0:05:15.360 the Consumer Sentiment Survey in October was basically flat at 0:05:15.400 --> 0:05:19.000 fifty five. According to the University of Michigan set on Friday, 0:05:19.520 --> 0:05:24.760 the index has been hovering at levels typically experienced during recessions. Gee, you, 0:05:25.240 --> 0:05:28.880 I wonder why if you've got this constant drumbeat of 0:05:29.000 --> 0:05:33.599 negativity talking about the economy, ninety four percent negative coverage, 0:05:33.800 --> 0:05:37.240 ninety four ninety five percent negative coverage of Donald Trump. 0:05:37.640 --> 0:05:39.520 Of course people are going to have in their head 0:05:39.600 --> 0:05:42.159 or they're they're going to be having a bad taste 0:05:42.160 --> 0:05:46.400 in their mouth or affect their attitude. And so when 0:05:46.440 --> 0:05:49.760 you survey people like that, after this constant drumbeat of 0:05:50.160 --> 0:05:53.960 bad reporting, people are going to react that way. Consumer 0:05:54.040 --> 0:05:58.120 sentiment helps gauge how Americans feel about their own finances 0:05:58.200 --> 0:06:01.719 as well as the broader economy. That's an important feature 0:06:01.800 --> 0:06:06.400 right there. People are looking at their own finances. Things 0:06:06.440 --> 0:06:09.480 seem to be going well on their end, but they're 0:06:09.520 --> 0:06:12.679 worried about other people out there that what they're hearing 0:06:12.720 --> 0:06:15.160 as far as the economy is concerned. When you are 0:06:15.160 --> 0:06:18.120 hearing this concant drum beat as far as the economy, 0:06:18.320 --> 0:06:21.480 the teriffts are going to cause recession, inflation, and so on, 0:06:21.760 --> 0:06:24.520 you're not seeing it, but you're constantly hearing about it, 0:06:24.560 --> 0:06:27.279 and you're thinking, well, Geeve, maybe I'm not affected, but 0:06:27.600 --> 0:06:31.960 maybe everybody else is, and so that affects your viewpoint. 0:06:32.320 --> 0:06:35.240 Got to get into the key details here. Consumers expected 0:06:35.279 --> 0:06:38.440 the rate of inflation to rise by four point seven 0:06:38.560 --> 0:06:42.040 percent in the next year, indicating that they see little 0:06:42.160 --> 0:06:45.760 chance of a slow down in price increases, which is 0:06:45.880 --> 0:06:49.320 absolutely ridiculous because how are you going to predict what 0:06:49.360 --> 0:06:52.720 the inflation is going to be based on what you're 0:06:52.760 --> 0:06:55.240 hearing or what you're knowing. All you do is you're 0:06:55.279 --> 0:06:58.039 basing that on what you're hearing from the spoon fed 0:06:58.080 --> 0:07:01.400 regurgitators in the mainstream media. I wonder what the I'm 0:07:01.400 --> 0:07:03.120 going to have to go back and dig into some 0:07:03.160 --> 0:07:05.400 of these surveys and think what these people were looking 0:07:05.440 --> 0:07:08.800 at in terms of prediction when in a particular month 0:07:08.839 --> 0:07:13.679 of June of twenty twenty two, inflation hit nine percent. 0:07:14.080 --> 0:07:16.800 I wonder what the consumer sentiment at that point and 0:07:16.840 --> 0:07:20.040 what they forecasted inflation to be. You know, I'm not 0:07:20.080 --> 0:07:23.240 sure that they really even understand what the percentage of 0:07:23.360 --> 0:07:25.920 as far as inflation is. They probably don't even know 0:07:25.960 --> 0:07:29.080 what the current rate of inflation is. Now. Current rate 0:07:29.080 --> 0:07:32.000 of inflation is two point nine percent based on the 0:07:32.000 --> 0:07:36.679 Consumer Price Index. Most economists and Federal Reserve officials expect 0:07:36.720 --> 0:07:39.760 inflation to top three percent by the end of the year. 0:07:40.240 --> 0:07:44.120 So if the so called experts are expecting a three percent, 0:07:44.560 --> 0:07:47.480 where are these people getting this four point seven percent. 0:07:47.800 --> 0:07:50.840 It's got to be this constant drumbeat from the spoon 0:07:50.880 --> 0:07:53.960 federal gurgitators in the mainstream media. According to the director 0:07:54.160 --> 0:07:59.239 Joanne Sue Interviews reveal little evidence that the ongoing federal 0:07:59.280 --> 0:08:02.640 government shut down has moved consumer's view of the economy 0:08:02.720 --> 0:08:05.960 so far. They say in the survey that again that 0:08:06.040 --> 0:08:09.400 the government's shut down meanwhile has not registered much at 0:08:09.400 --> 0:08:13.000 all with the American people. Sentiment remains well below a 0:08:13.800 --> 0:08:17.560 pre pandemic high of one pH one. So at fifty 0:08:17.640 --> 0:08:20.680 five we are well below that one oh one, suggesting 0:08:20.840 --> 0:08:24.520 US economy is unlikely to speed up anytime soon. Well, 0:08:24.560 --> 0:08:26.680 of course, if you've got high interest rates and you've 0:08:26.720 --> 0:08:30.040 got the federal reserve of tamping down on the economy, 0:08:30.280 --> 0:08:33.600 their foot on the break, so to speak, you're not 0:08:33.640 --> 0:08:37.520 going to have that high US tariffs and constant disputes 0:08:37.559 --> 0:08:41.239 over trade have weakened the labor market and broader economy 0:08:41.320 --> 0:08:45.040 this year. Where's the evidence of that? How have tariffs 0:08:45.080 --> 0:08:48.760 increased or decreased the amount of things that people are buying? 0:08:49.040 --> 0:08:52.200 That it's not certainly causing inflation, it's not creating a 0:08:52.320 --> 0:08:59.599 problem as far as possibly job prospects or people expanding 0:08:59.720 --> 0:09:03.440 job or hiring new But we're in this position where 0:09:03.559 --> 0:09:06.920 companies are not hiring and they're not firing, which is 0:09:06.960 --> 0:09:10.480 a good thing, and acceleration and growth is not expected 0:09:10.559 --> 0:09:13.720 until next year, assuming the Trump administration finally settles on 0:09:13.760 --> 0:09:18.120 trade levels. I mean no, not the Trump administration settling 0:09:18.160 --> 0:09:20.560 on trade levels, the rest of the cut, the rest 0:09:20.559 --> 0:09:23.760 of the world accepting the fact that their tariffs are 0:09:23.800 --> 0:09:26.120 too damn highs and ours are too low, and we're 0:09:26.120 --> 0:09:29.200 trying to level the playing field. FED cuts will depend 0:09:29.240 --> 0:09:32.480 on whether inflation actually begins to slow down again. If 0:09:32.480 --> 0:09:35.560 it doesn't, the economy would face rockier times. But again, 0:09:35.600 --> 0:09:38.160 the Federal Reserve has shown that they will claim they're 0:09:38.160 --> 0:09:40.840 paying attention to the inflation. But like they did in 0:09:40.840 --> 0:09:43.400 September of twenty twenty four, when they're trying to get 0:09:43.480 --> 0:09:46.760 Kamala Harris elected, they said, oh, we're going to concentrate 0:09:46.840 --> 0:09:49.000 on jobs. We think the job market is low, so 0:09:49.080 --> 0:09:51.240 we're going to cut interest rates a full half a 0:09:51.320 --> 0:09:54.000 percentage point, trying to push her over the finish line. 0:09:54.080 --> 0:09:56.800 That didn't work, Thank goodness. We'll pick this up. I'm 0:09:56.840 --> 0:09:59.880 Kevin Gordon. America's Struck A Network seven hundred w L 0:10:03.720 --> 0:10:08.120 I'm Kevin Lord in America, Struck A Network seven hundred WLW. 0:10:08.400 --> 0:10:11.320 We talked about this Michigan survey, and it's a survey 0:10:11.360 --> 0:10:13.199 that's done every month. They do it at the beginning of 0:10:13.240 --> 0:10:14.440 the month, and they do it at the end of the 0:10:14.440 --> 0:10:18.880 month in terms of consumer sentiment. And again, everybody glombs 0:10:18.920 --> 0:10:21.880 onto it. Everybody pays attention to it. It's in the 0:10:21.880 --> 0:10:25.720 news and all that. So we got to talk about 0:10:25.760 --> 0:10:27.720 it here. But what I want to do is pull 0:10:27.760 --> 0:10:32.360 it apart, pick it apart, digest it, go through it, 0:10:32.720 --> 0:10:37.040 and basically dissect it and say, Okay, what are the 0:10:37.080 --> 0:10:39.800 facts in here? What's true and what's not true. We 0:10:39.920 --> 0:10:43.600 keep hearing about inflation. Okay, let's talk about inflation. Want 0:10:43.640 --> 0:10:46.600 to all right? We keep hearing that inflation is high 0:10:46.720 --> 0:10:50.160 that I saw a report the other day that they said, well, 0:10:50.200 --> 0:10:54.920 you know, we expect inflation to be higher than last year. Okay, 0:10:54.920 --> 0:10:56.760 Well they just left it at that, But until you 0:10:56.840 --> 0:11:00.760 read the sentence. Last year inflation was our last year 0:11:00.800 --> 0:11:03.520 of the Biden administration, was two point nine. They're saying 0:11:03.520 --> 0:11:07.079 that this year they're expecting inflation to be two point 0:11:07.160 --> 0:11:10.320 nine two, So two tenths of a percentage point above 0:11:10.480 --> 0:11:14.199 two point nine. So inflation is going to be higher 0:11:14.200 --> 0:11:16.920 this year. Yeah, but you leave the impression that, oh, 0:11:17.440 --> 0:11:19.200 higher means to me that it's going to be like 0:11:19.280 --> 0:11:21.760 one two percentage point different. Let's do a little bit 0:11:21.800 --> 0:11:24.280 of comparison, if you will. First full month of the 0:11:24.559 --> 0:11:28.559 Trump administration, February inflation was a two point eight percent. 0:11:28.760 --> 0:11:31.520 The previous year it was three point two percent. We 0:11:31.520 --> 0:11:34.760 were down four tenths of one percentage point. In March. 0:11:35.040 --> 0:11:38.680 We were down one point one percent in terms of inflation. 0:11:39.040 --> 0:11:42.160 Inflation in twenty twenty four was three point five two 0:11:42.160 --> 0:11:45.760 point four in March. Inflation in April three point four 0:11:45.960 --> 0:11:48.400 versus two point three, so that was down one point 0:11:48.480 --> 0:11:51.920 one May it was down nine tenths of one percent 0:11:52.240 --> 0:11:56.440 three point three in twenty twenty four, two point four 0:11:56.480 --> 0:12:00.440 percent in May. So where are we getting anywhere near 0:12:00.679 --> 0:12:03.760 the inflation numbers from twenty twenty four at this point? 0:12:03.840 --> 0:12:07.840 All right? June two point seven percent was down two 0:12:07.840 --> 0:12:10.600 point seven percent, was down zero point two percent from 0:12:10.600 --> 0:12:13.360 the two point nine to twenty twenty four. The one 0:12:13.520 --> 0:12:17.840 month this entire year that our inflation has been higher 0:12:17.880 --> 0:12:21.680 than the previous year was in August, when inflation was 0:12:21.720 --> 0:12:24.480 a two point nine percent and the previous year was 0:12:24.520 --> 0:12:27.600 a two point five percent. So we're still at that 0:12:27.840 --> 0:12:32.160 range where it has never gone above three percent during 0:12:32.200 --> 0:12:35.559 the entire time that Trump has been president, inflation has 0:12:35.559 --> 0:12:37.719 been two point eight two point four, two point three 0:12:38.360 --> 0:12:42.320 two point four every month. During twenty twenty four, inflation 0:12:42.600 --> 0:12:46.600 was over three percent. So where the hell are people 0:12:46.640 --> 0:12:49.680 concentrating on all of a sudden now their focus is 0:12:49.720 --> 0:12:53.520 on inflation when inflation isn't anywhere near what it was 0:12:53.600 --> 0:12:56.920 during the Biden administration. The first full year of the 0:12:56.920 --> 0:13:02.280 Biden administration in twenty twenty one, inflation was up seven percent. 0:13:02.800 --> 0:13:06.920 In twenty twenty two was up six point five percent, 0:13:07.440 --> 0:13:11.440 In twenty twenty three was three point four percent. Then 0:13:11.480 --> 0:13:14.080 we started hearing in twenty twenty four towards the end 0:13:14.080 --> 0:13:18.200 of twenty twenty four, is that, oh, well, the inflation 0:13:18.400 --> 0:13:22.920 rate in twenty twenty four is well below what it 0:13:23.200 --> 0:13:26.959 was in twenty twenty one and twenty twenty two coming 0:13:27.040 --> 0:13:29.439 out of the pandemic. Well, it was still a two 0:13:29.520 --> 0:13:32.960 point nine percent, even though the previous year it was 0:13:32.960 --> 0:13:36.640 three point four. So where was all the concern Back then? 0:13:36.760 --> 0:13:40.400 It seemed like nobody was talking about inflation. Maybe people 0:13:41.440 --> 0:13:43.720 like you and me were complaining about it, But the 0:13:43.760 --> 0:13:47.000 spoon fed regurgitators in the mainstream media, they apparently kept 0:13:47.080 --> 0:13:50.000 that news to themselves. They didn't bother harping on it, 0:13:50.000 --> 0:13:52.640 they didn't bother talking about it, they didn't talk about 0:13:52.679 --> 0:13:56.040 it NonStop in the news. But where is the evidence 0:13:56.080 --> 0:14:00.440 of this if you're talking about inflation and you're you know, 0:14:00.480 --> 0:14:04.240 we've seen the consumer price index, we've seen the consumer 0:14:04.280 --> 0:14:08.000 price index, producer price index, we've seen that personal consumption 0:14:08.120 --> 0:14:11.680 expenditure numbers all hovering around two point eight two point 0:14:11.760 --> 0:14:14.680 seven percent thereabouts. But then when you look at the 0:14:14.720 --> 0:14:17.880 wages in terms of the hourly rate and so on, 0:14:18.200 --> 0:14:21.600 that's been up four point one percent, three point five 0:14:21.640 --> 0:14:26.280 percent in those ranges. So the increases in wages are 0:14:26.520 --> 0:14:31.360 going up higher than the inflation. So again, I when 0:14:31.400 --> 0:14:35.000 they start talking about inflation, well, the numbers aren't proving that. 0:14:35.080 --> 0:14:37.880 And when you do the comparison month by month from 0:14:37.880 --> 0:14:40.200 the previous year, they're a heck of a lot lower 0:14:40.240 --> 0:14:43.560 now than what they were then. And you know, and 0:14:44.040 --> 0:14:46.880 when you look at and I've talked about this before 0:14:46.960 --> 0:14:50.000 and I keep talking about it, at least as far 0:14:50.040 --> 0:14:53.840 as grocery prices are concerned. Again, you're the main thing 0:14:53.920 --> 0:14:57.400 that you buy on a regular basis is groceries and energy. 0:14:57.840 --> 0:15:01.040 You look at gas prices, and gas price are coming down, 0:15:01.200 --> 0:15:03.160 they're at some of the lowest levels they've been in 0:15:03.200 --> 0:15:05.920 a couple of years. You look at food prices, you 0:15:05.920 --> 0:15:09.160 look at the grocery store and so on, and as 0:15:09.200 --> 0:15:13.600 far as what I've seen, if depending upon when you go, 0:15:14.320 --> 0:15:17.440 there are certain things it is a trend. You go 0:15:17.480 --> 0:15:20.200 into the grocery store, there are certain days there certain 0:15:20.320 --> 0:15:23.720 weeks where the lost leaders and the milk and stuff 0:15:23.760 --> 0:15:26.040 like that, they have that very low in order to 0:15:26.120 --> 0:15:28.480 encourage people to come into the store and buy stuff. 0:15:28.800 --> 0:15:32.200 But you go down aisle after aisle, I tell you you've 0:15:31.920 --> 0:15:35.440 got to look at the advertisements, because you'll notice that 0:15:35.560 --> 0:15:38.920 it's like every couple of weeks, certain items go on sale, 0:15:39.280 --> 0:15:42.240 then they go back up. Just last week, for instance, 0:15:42.840 --> 0:15:46.680 I buy Folger's coffee, Folger's black silk. It is normally 0:15:46.840 --> 0:15:50.640 on the shelf fourteen ninety nine. Last week they had 0:15:50.680 --> 0:15:54.000 it on sale for eight ninety nine. So if you're 0:15:54.080 --> 0:15:58.440 doing your inflation calculation based on the fourteen ninety nine 0:15:58.840 --> 0:16:01.360 versus the eight ninety nine, you're going to get a 0:16:01.440 --> 0:16:04.760 whole different type of perspective in terms of what inflation 0:16:04.960 --> 0:16:08.280 is as opposed to last year, a couple more weeks 0:16:08.280 --> 0:16:11.400 to go by, that coffee price is back up well 0:16:11.560 --> 0:16:14.000 right now, it's back up to fourteen ninety nine. It'll 0:16:14.000 --> 0:16:16.840 be up there probably this week, next week, and probably 0:16:16.880 --> 0:16:18.760 the following week it'll come back down to the eight 0:16:18.920 --> 0:16:22.000 ninety nine. You go down the aisle and you look 0:16:22.040 --> 0:16:24.120 at these things, and it's a trend when you look 0:16:24.160 --> 0:16:26.800 at those on a regular basis. But I know far 0:16:26.920 --> 0:16:30.680 too many people that just don't plan ahead. They just go. 0:16:30.720 --> 0:16:33.040 And you know, they always claim they're in a rush, 0:16:33.280 --> 0:16:35.000 they're in a rush, they're in a rush, they're in 0:16:35.040 --> 0:16:38.080 a rush. But then when you see what they do 0:16:38.160 --> 0:16:40.800 on a daily basis, how much time are they spending 0:16:40.840 --> 0:16:44.080 on their phone? How much time are they sitting there 0:16:44.120 --> 0:16:48.160 scrolling through stuff on pictures and stuff. I mean, my 0:16:48.240 --> 0:16:50.520 wife and I we talked about this periodically. I Mean, 0:16:50.760 --> 0:16:52.640 one of the things is that I pay attention to 0:16:52.640 --> 0:16:55.920 these commercials and so on, and there's a commercial where 0:16:55.960 --> 0:16:58.520 this woman is just sitting She's all decked down, she's 0:16:58.520 --> 0:17:02.560 got a little turtlenecks sweater on, and the people are 0:17:02.640 --> 0:17:04.840 running around in the house and all this sort of stuff, 0:17:04.920 --> 0:17:07.160 and she's sitting there very comfortably looking at her phone 0:17:07.200 --> 0:17:09.719 and scrolling through the phones. The little girl comes running 0:17:09.720 --> 0:17:12.000 by and she just kind of looks up and smiles 0:17:12.000 --> 0:17:14.280 and goes back to her phone. Doesn't pay attention to 0:17:14.320 --> 0:17:17.120 her family. She's not interacting with her family. Everybody else 0:17:17.200 --> 0:17:20.040 is doing stuff, but she's concentrated on her phone. Okay, 0:17:20.200 --> 0:17:23.040 So when you're concentrating on your phone like that, maybe 0:17:23.080 --> 0:17:25.439 you should be checking prices. Maybe you should be checking 0:17:25.760 --> 0:17:28.000 planning ahead in terms of what meals you're going to have, 0:17:28.280 --> 0:17:30.080 and then go out and buy the ingredients on that 0:17:30.119 --> 0:17:32.240 and make sure that you are paying attention to what 0:17:32.400 --> 0:17:34.760 is going on as far as the food prices are concerned, 0:17:34.960 --> 0:17:38.200 instead of constantly getting this I don't know this mind 0:17:38.240 --> 0:17:42.879 garbage of scrolling through and watching stupid videos and stuff 0:17:42.920 --> 0:17:47.680 like that. So again, again, I keep going. I talk 0:17:47.720 --> 0:17:51.400 about this a lot. I pay attention to grocery prices. 0:17:51.440 --> 0:17:53.240 I am one of the few men I know that 0:17:53.440 --> 0:17:56.600 enjoy grocery shopping. And I look at our bill, I 0:17:56.600 --> 0:17:59.120 look at what we're spending on groceries. And I'll say 0:17:59.160 --> 0:18:02.240 this again, I have, you know, looking at grocery prices 0:18:02.280 --> 0:18:05.600 and trying to save and trying to do certain things. 0:18:05.920 --> 0:18:08.199 I always wanted to try to get our grocery prices 0:18:08.200 --> 0:18:10.280 to where we're saving about one hundred bucks a month. 0:18:10.600 --> 0:18:13.320 We are now into the tenth month of the year, 0:18:13.720 --> 0:18:16.399 and we are already have saved so far for this 0:18:16.520 --> 0:18:20.159 year over seventeen I think it's like seventeen hundred and 0:18:20.240 --> 0:18:23.280 fifty dollars just the two of us. Now. Granted we're 0:18:23.359 --> 0:18:25.600 probably a family of three with the way I eat, 0:18:25.840 --> 0:18:29.879 but again, we have saved over seventeen hundred dollars just 0:18:30.000 --> 0:18:33.720 by It takes me fifteen twenty minutes a week to 0:18:33.760 --> 0:18:36.320 do a little bit of comparison shopping between you know, 0:18:36.400 --> 0:18:38.720 the stores that around us, and if I'm in that 0:18:38.800 --> 0:18:40.719 direction or if I'm in that area, I'll run and 0:18:40.720 --> 0:18:42.960 I'll pick up the thing that's on sale, or most 0:18:42.960 --> 0:18:44.760 of the time, I just go to our Kroger store 0:18:44.800 --> 0:18:47.200 which is right up the street, and pay attention to 0:18:47.240 --> 0:18:50.760 those prices and our grocery bills. I'm not noticing any 0:18:50.960 --> 0:18:55.080 major increase. In fact, I'm we're feeling more of a 0:18:55.240 --> 0:18:57.720 decrease in terms of prices when it comes to food. 0:18:57.960 --> 0:19:00.920 So when they start talking about and whining about, I mean, 0:19:01.000 --> 0:19:03.920 maybe if you're out buying refrigerators two and three a year. 0:19:03.960 --> 0:19:06.080 If you're buying a car twice a year, if you're 0:19:06.119 --> 0:19:09.840 buying a television three times a year, that's where you're 0:19:09.840 --> 0:19:13.240 seeing the inflation. But again this constant talk about inflation. 0:19:13.520 --> 0:19:16.760 Compare the numbers, get into the details, look at the numbers, 0:19:16.800 --> 0:19:19.199 and you'll find out that somebody's lying to you. And 0:19:19.240 --> 0:19:22.280 I guarantee you it ain't me. On America's Trucking Network, 0:19:22.359 --> 0:19:29.000 I'm Kevin Gordon, America's Trucking Network, seven hundred WLW. 0:19:34.119 --> 0:19:36.760 Here's your trucking forecast for the Try State and the 0:19:36.800 --> 0:19:39.720 rest of the country and the Try sit overnight clear skies, 0:19:39.760 --> 0:19:42.359 the low down to fifty one Sunday, Wednesday high of 0:19:42.359 --> 0:19:46.040 seventy two, more sunshine Thursday, the high year seventy partly 0:19:46.080 --> 0:19:49.920 sunny Friday a high of seventy one Nationally. Wednesday brings 0:19:49.960 --> 0:19:53.120 a continue marginal risk of excessive rainfall for New Mexico, 0:19:53.280 --> 0:19:55.679 while winter weather and mountains snow are likely in the 0:19:55.720 --> 0:19:58.679 northern Rockies. Meanwhile, the Southern Rockies and the es Central 0:19:58.760 --> 0:20:02.320 High Planes will see the isolated severe weather both Wednesday 0:20:02.600 --> 0:20:11.439 and Thursday. 0:20:12.440 --> 0:20:16.720 Seven hundred WLW. I'm Kevin Gordon, this is America struck a network. 0:20:16.880 --> 0:20:19.000 We missed any part of our program, we missed any 0:20:19.080 --> 0:20:22.119 of our shows? Hit up that iHeartRadio app. All of 0:20:22.160 --> 0:20:23.760 our shows are right there. And of course that's brought 0:20:23.800 --> 0:20:26.040 to you by our friends at Rush Truck Centers. And 0:20:26.080 --> 0:20:30.120 we certainly appreciate that Class eight truck sales orders slide 0:20:30.400 --> 0:20:35.119 forty four percent as to tariffs strain. Well, that headline 0:20:35.119 --> 0:20:38.520 sounds pretty bad, doesn't it. North American Class eight truck 0:20:38.640 --> 0:20:42.639 orders remained below prior year results as tariffs continued to 0:20:42.640 --> 0:20:47.160 squeeze and already stress transportation sector in September. These tariffs 0:20:47.160 --> 0:20:49.600 aren't supposed to go into effect until November. So how 0:20:49.600 --> 0:20:52.399 are they squeezing now? My question? Now, some of the 0:20:52.440 --> 0:20:55.240 components that have come over that are being added to 0:20:55.280 --> 0:20:58.920 the American made trucks. Yeah, but the terraffs on trucks 0:20:58.920 --> 0:21:03.560 being important haven't gone into effect yet. ACT Research preliminary 0:21:03.640 --> 0:21:08.000 data showed that orders decreased forty four percent year over year. 0:21:08.359 --> 0:21:12.760 So if you take our number from September of last 0:21:12.840 --> 0:21:16.439 year in September of this year, it's down forty four percent, 0:21:16.760 --> 0:21:20.919 but they increased fifty seven point six percent from the 0:21:21.040 --> 0:21:24.719 units reported in August. So this gets back to the 0:21:24.760 --> 0:21:27.520 thing that I've been talking about since the end of 0:21:27.520 --> 0:21:31.440 the pandemic. The pandemic kind of knocked things off its 0:21:31.480 --> 0:21:34.960 normal schedule. When you look at business trends and you've 0:21:35.000 --> 0:21:38.920 seen this in your trucking business, you know when your 0:21:38.960 --> 0:21:41.800 customers are going to need you to haul freight certain 0:21:41.800 --> 0:21:45.919 times of the year, slow times, low times, medium times, 0:21:45.960 --> 0:21:48.560 and so on. A lot of this has been knocked 0:21:48.560 --> 0:21:51.280 off as a result of the pandemic. Things that you 0:21:51.359 --> 0:21:56.359 would expect to seem in January don't happen till February. 0:21:56.640 --> 0:21:59.480 Things you expect to see in March are now happening 0:21:59.520 --> 0:22:02.439 in January. Worry, things that you expect to see in 0:22:02.480 --> 0:22:07.000 September may not happen till October, and July may happen 0:22:07.040 --> 0:22:09.920 in June. So all these things are there, and it's 0:22:09.960 --> 0:22:12.080 necessary to kind of look at these as kind of 0:22:12.080 --> 0:22:15.760 a sliding scale of over a three months trend or whatever. 0:22:15.960 --> 0:22:19.520 This kind of gets back to a comparison that like 0:22:19.920 --> 0:22:22.879 football coaches will do, they will break down a game, 0:22:23.119 --> 0:22:26.359 whether it be basketball, they'll break it into segments. They'll 0:22:26.680 --> 0:22:30.320 break it into basketball, college basketball games, or a half. 0:22:30.560 --> 0:22:32.800