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Speaker 1: This is America's Truncking Network with Kevin Gordon.

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Speaker 2: Wilhelmable.

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Speaker 3: Thanks for tuning in on this Thursday morning. Now here

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Speaker 3: in the Greatest inse A, Northern Kentucky area. Beginning what

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Speaker 3: was it Monday night, we started getting a little bit

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Speaker 3: of snow and then it ramped up, and then Tuesday

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Speaker 3: morning we woke up and we had four point five

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Speaker 3: roughly about four and a half inches of snow on

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Speaker 3: the in the area, which was interesting because I was

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Speaker 3: looking at some of the numbers. The previous record for

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Speaker 3: December the second snowfall was two point two inches in

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Speaker 3: nineteen twenty nine, and we got four point five inches

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Speaker 3: on December second in twenty twenty five, which is interesting

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Speaker 3: because apparently the global warming that is supposed to be

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Speaker 3: going on, it just isn't quite materializing. But of course,

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Speaker 3: you know they're going to come up with their own

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Speaker 3: excuses that you know, it's climate change now instead of

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Speaker 3: global warming, which is a load of crap, so we

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Speaker 3: get into that. But anyway, I was a bit disappointed

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Speaker 3: because I was busy yesterday and I didn't have a

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Speaker 3: chance to get out and play in the snow like

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Speaker 3: I normally do. For the last well, basically eighteen years

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Speaker 3: that we've lived here in this condo, in our condo

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Speaker 3: in Wilder, Kentucky. The I usually get out We've had

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Speaker 3: you know, we've got elderly neighbors that still get out

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Speaker 3: in the morning and one of them goes.

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Speaker 2: To work and so on in the early early in

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Speaker 2: the morning, and.

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Speaker 3: So to make sure there's no slipping falls, I usually

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Speaker 3: get out there and shovel this sidewalk a pathway to

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Speaker 3: whoever's car is parked out there, so that she can

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Speaker 3: get out there without falling and so on.

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Speaker 2: But I got busy and I didn't get a chance

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Speaker 2: to do that.

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Speaker 3: And then when I really have a chance, what I'll

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Speaker 3: do is I'll do the whole driveway, which is four

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Speaker 3: cars wide, because there's four different garages there and it's

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Speaker 3: a fairly decent sized area. But I do it because

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Speaker 3: a I enjoy a little bit of exercise, a little

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Speaker 3: bit of fresh air, plus the fact then I get

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Speaker 3: to smoke a cigar. So normally I do that, but

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Speaker 3: yesterday was real busy and I didn't get a chance

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Speaker 3: to do that. So I didn't get a chance to

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Speaker 3: play in the snow the way I normally do, and

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Speaker 3: there's a couple of hills in the parking lot where

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Speaker 3: some kids come by from time to time and go

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Speaker 3: down this hill and it's you know, we're on this

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Speaker 3: called a sack type of thing in the condo complex,

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Speaker 3: and not much traffic, so the parents will stand down

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Speaker 3: there in the street and they'll come flying down the

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Speaker 3: hill and into the street and what on. And I

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Speaker 3: have this this plastic sled that we had when our kids,

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Speaker 3: when our grandkids were a little bit younger, we used

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Speaker 3: to take them snow writing and stuff. And I still

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Speaker 3: have it, and I've lent it to them to our

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Speaker 3: neighbors a couple of times when I've seen them out

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Speaker 3: on the street because they're trying. They don't really have

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Speaker 3: a proper equipment if you're going to do some sled writing.

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Speaker 3: So generally now when they're out there, they will come

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Speaker 3: up and actually buzz the door and say, hey, can

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Speaker 3: we borrow your sled? So that didn't happen yesterday. So

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Speaker 3: I don't know what the heck's going on. I don't

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Speaker 3: if the kids are growing out of it or getting

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Speaker 3: a little bit older and not doing it. But anyway,

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Speaker 3: disappointed that I didn't get a chance to get out

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Speaker 3: and play in the snow. We had some numbers from

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Speaker 3: ADP and they come up with their jobs Report Job

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Speaker 3: Increases private sector jobs, and that comes out on a

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Speaker 3: monthly basis, and this month was a little disappointing. But

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Speaker 3: what's funny is that within the numbers they talk about

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Speaker 3: how in the previous month they are revised. So this

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Speaker 3: is the initial number, and I guess when we get

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Speaker 3: the actual revised number, it could go up or down,

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Speaker 3: but let's get to it here.

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Speaker 2: US Labor Department.

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Speaker 3: US labor market rather slowed down intensified in November as

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Speaker 3: private companies cut thirty two thousand jobs, with small business

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Speaker 3: hit the hardest. Payroll processing firm ADP reported on Wednesday.

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Speaker 2: For them, since.

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Speaker 3: They are a payroll processing company, they generally have a

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Speaker 3: little bit they should have a better finger on the

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Speaker 3: pulse of what's going on, because obviously, if you're processing

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Speaker 3: payroll and you have X number of payrolls that you

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Speaker 3: have processed and the individual paychecks that you've processed, if

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Speaker 3: you have a significant number less or significant number more,

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Speaker 3: you should see that in your current data. And why

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Speaker 3: this is revised later on is kind of curious, because

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Speaker 3: either you process those paychecks.

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Speaker 2: That week or that month, or you didn't.

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Speaker 3: So it's kind of interesting how these numbers get tweaked

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Speaker 3: and so on. But then later on they will say,

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Speaker 3: and a lot of the so called experts, these so

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Speaker 3: called economists, will say that, well, ADP and their numbers

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Speaker 3: aren't really a reliable gauge in terms of what the

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Speaker 3: labor market is doing, which then leads me to believe,

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Speaker 3: why do you report it at all? If it's not

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Speaker 3: reliable and it's subject to revision, why use it? But again,

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Speaker 3: everybody talks about it, and so of course then they

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Speaker 3: run with it and go, oh, you know, thirty two

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Speaker 3: thousand less. But anyway, but this basically proves my point

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Speaker 3: in terms of what I've been saying about interest rates

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Speaker 3: pretty much since the first of the year. With worries

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Speaker 3: intensifying over the domestic job picture, ADP indicated the issues

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Speaker 3: were worse than anticipated.

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Speaker 2: The payrolls decline.

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Speaker 3: Marked a sharp step down from October, which saw an

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Speaker 3: upwardly revised gain of forty seven thousand position, which was

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Speaker 3: well below the Dow Jones Consenus assessment from economists for

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Speaker 3: an increase of forty thousand. So the thirty two thousand

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Speaker 3: less jobs payroll processing from ADP is well below the

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Speaker 3: forty thousand that the economists had predicted would gain, So

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Speaker 3: they were only off by seventy two thousand jobs, which

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Speaker 3: is basically one hundred and twenty five percent off, which

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Speaker 3: again is indicative of These are the people that we

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Speaker 3: were supposed to rely on for accurate numbers, accurate details,

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Speaker 3: and accurate information, and yet they can't even get it right.

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Speaker 3: They can't even read the tea leaves properly or whatever

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Speaker 3: method they are us using to determine what they come

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Speaker 3: up with in terms of their numbers.

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Speaker 2: Maybe that needs to.

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Speaker 3: Be tweaked a little bit, because again, how many times,

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Speaker 3: and this is one of the first reports I've seen

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Speaker 3: was where it said we're well. Usually the reports will

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Speaker 3: say unexpectedly in the headlines, and generally that unexpectedly is

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Speaker 3: for job unexpectedly higher, unexpectedly lower unemployment numbers, unexpectedly high

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Speaker 3: retail sales. This is one of the few reports I've

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Speaker 3: seen so far this year was unexpectedly higher or lower

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Speaker 3: job creation and actually job loss. They did not expect

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Speaker 3: job losses in the month of November, which again is

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Speaker 3: kind of interesting and weird because it's one of the

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Speaker 3: first bad reports along these lines that we've gotten. Now.

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Speaker 3: Of course, that's been fluctuating over the year, and generally

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Speaker 3: when that goes down, the following day is when the

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Speaker 3: US Labor Department comes up with their jobs report, which

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Speaker 3: is generally followed the next day, and so when they

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Speaker 3: talk about the ADP report, they say, but the official.

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Speaker 2: Number will come out tomorrow.

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Speaker 3: Well, with the government shutdown and what was going on there,

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Speaker 3: a lot of these reports have been delayed and therefore

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Speaker 3: they won't be They've announced that that won't be available

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Speaker 3: until December the sixteenth, when they're going to be releasing that,

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Speaker 3: which again is curious and going to be complicated because

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Speaker 3: the Federal Reserve they have their meeting on I think

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Speaker 3: it was I think it's December the ninth and tenth,

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Speaker 3: and they're going to be determining whether or not they're

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Speaker 3: going to be raising or lowering, and they're probably not

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Speaker 3: going to raise or hold steady interest rates or actually

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Speaker 3: reduce interest rates. So it's going to be interesting to

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Speaker 3: see that because they're not going to have the full picture.

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Speaker 2: However, the Federal Reserve has tapped.

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Speaker 3: Into and has available to them numbers from their various

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Speaker 3: districts around the country, the twelve different districts, and they

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Speaker 3: have twenty three thousand employees that can put some of

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Speaker 3: this numbers together and give them accurate details and accurate

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Speaker 3: information that they don't necessarily have to rely on Bureau

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Speaker 3: of Labor Statistics or the Census Bureau or some of

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Speaker 3: these other numbers that the federal government puts together, because

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Speaker 3: some of those numbers are available and they can track

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Speaker 3: those numbers themselves. But I guess, you know, why do

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Speaker 3: it yourself when you can depend on somebody else to

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Speaker 3: do it. We'll go into this report a little bit

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Speaker 3: more detail. I'm Kevin Gordon, America's struck a Network seven

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Speaker 3: hundred WLW I need.

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Speaker 1: This is the racing report on America's drugging network on

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Speaker 1: seven hundred WLW.

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Speaker 4: John Forrest Racing will expand to four teams in the

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Speaker 4: twenty twenty six an HR Drag Racing Series season and

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Speaker 4: beyond with the signing of twenty fourteen NHR US National's

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Speaker 4: Fundy Car winner Alexis d Joria to a multi year contract.

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Speaker 4: Isaac Hadjar will race for Red Bull into twenty twenty

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Speaker 4: six F one season along side Masks for Stappan, replacing

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Speaker 4: Yuki Sonoda, who becomes a reserve driver for the Red

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Speaker 4: Bull team. Cadillac F one will announce their livery for

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Speaker 4: the upcoming season during the Super Bowl on February eighth.

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Speaker 4: Four time IndyCar champion Alex Polo will race for Meyer

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Speaker 4: Shank Racing in the twenty twenty six Rolex twenty four

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Speaker 4: Hours of Daytona in January.

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Speaker 1: I Need this is the racing reward on America's Drugging

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Speaker 1: Network on seven hundred WLW, Say Dennison a t N

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Speaker 1: News Radio seven hundred WLW and iHeartRadio Station Guaranteed Human

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Speaker 1: seven hundred WLW HI Heard Radio.

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Speaker 5: It's former Bengal and Pro Football Hall of Famer Anthony Munos.

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Speaker 5: You know me from my skills on the field, but

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Speaker 5: I'm most proud of what I've done off the field.

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Speaker 5: Twenty three years ago, I started the Anthony Munyas Foundation,

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Speaker 5: involved and give back.

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Speaker 6: Why would you ask a financial advisor permission to spend

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Speaker 6: your own retirement money?

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Speaker 2: There's something report.

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Speaker 3: Private payrolls unexpectedly fell by thirty two thousand according to

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Speaker 3: ADP payroll processing company. And as I mentioned in the

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Speaker 3: previous segment, which if you missed, hit up that iHeartRadio

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Speaker 3: app brought to you by our friends at Rush Truck Centers.

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Speaker 3: That it proves my point what I've been saying about

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Speaker 3: interest rates over the last well several months getting into this, okay,

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Speaker 3: talking about the course eating. So called experts had predicted

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Speaker 3: there be forty thousand increase and there were thirty two

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Speaker 3: thousand losses, so they were only off by seventy two thousand,

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Speaker 3: so that good for them. Larger businesses and tailing companies

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Speaker 3: with fifty or moreployees actually reported a net gain of

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Speaker 3: ninety thousand workers.

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Speaker 2: That's good news.

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Speaker 3: However, establishments with fewer than fifty workers saw a decline

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Speaker 3: of one hundred and twenty thousand jobs, including a drop

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Speaker 3: of seventy four thousand among firms with twenty to twenty

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Speaker 3: to twenty to forty nine employees. The total loss was

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Speaker 3: the biggest drop since March of twenty twenty three. Now,

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Speaker 3: these job losses are being affected with in the most

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Speaker 3: cases heavily in the companies that have between twenty and

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Speaker 3: forty nine employees.

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Speaker 2: Those are very those are.

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Speaker 3: Small companies, and small companies are more how should we say,

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Speaker 3: affected by or well just basically affected by interest rates.

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Speaker 3: They don't have the deep pockets that large corporations have,

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Speaker 3: that they have money or cash valence set aside that

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Speaker 3: they can go ahead and expand and increase their capabilities

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Speaker 3: and increase their workforce. After all, in according to the report,

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Speaker 3: large companies with fifty or more employees added ninety thousand jobs,

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Speaker 3: whereas in the sectors where twenty to forty nine employees

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Speaker 3: they lost seventy four thousand. Now, if you are more

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Speaker 3: subject to interest rates, because if you're trying to expand,

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Speaker 3: or if you're trying to keep your company going when

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Speaker 3: you have uncertainty in terms of the amount of traffic

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Speaker 3: you're going to have, the amount of sales you may have,

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Speaker 3: or looking forward, A lot of these companies again at

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Speaker 3: being in this no no fire position. After what we

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Speaker 3: experienced back during the pandemic when a lot of companies

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Speaker 3: will actually all companies shut down, and when they ramped

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Speaker 3: up trying to get their employees back in and to

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Speaker 3: fill these positions that they needed to have filled in

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Speaker 3: order to service the clients that they had. That was

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Speaker 3: a problem and they didn't want to go through that again.

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Speaker 3: So they've been holding on to their employees. But as

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Speaker 3: time goes on and as you're trying to expand your

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Speaker 3: business to determine what you need to do in terms

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Speaker 3: of capital expenditures, maybe buy a piece of equipment or

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Speaker 3: whatever that is being your process is muddied by the

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Speaker 3: fact that interest rates are so high and you have

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Speaker 3: to factor that into your return on investment. You get this,

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Speaker 3: you know well, folks, you know this. In terms of

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Speaker 3: your own business. You have a point where, if you

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Speaker 3: have a certain amount of business as far as your

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Speaker 3: trucking and trucking company is concerned, you have a point where, Okay,

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Speaker 3: based on what we have in terms of equipment, based

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Speaker 3: on what we have in terms of employees, we can

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Speaker 3: handle an increase of maybe ten percent, twenty percent, thirty

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Speaker 3: Sometimes that gets even stretched to you know, into the

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Speaker 3: forty percent, and then at that point you have to say, well, okay,

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Speaker 3: in order to accommodate this, so we don't are late

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Speaker 3: on any of our deliveries or cannot handle the volume

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Speaker 3: we have, we have to then buy a new truck,

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Speaker 3: hire a new driver, or something along those lines.

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Speaker 2: So you make that determination.

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Speaker 3: And when you take into consideration that, okay, the cost

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Speaker 3: of this truck, are we going to get the return

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Speaker 3: on investment if we hire this additional employee? Are we

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Speaker 3: going to have that business that justifies that? And in

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Speaker 3: some cases you kind of have to make the determination.

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Speaker 3: And again getting back to my accounting days as a

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Speaker 3: recovering accountant, you have to make these decisions in terms

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Speaker 3: of looking into the future and saying, well, you know,

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Speaker 3: if we we don't have quite the volume in order

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Speaker 3: to justify hiring an employee, but if we're on the

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Speaker 3: trajectory of where we are increasing, we can bring on

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Speaker 3: somebody when we are ten, fifteen, twenty forty percent ahead

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Speaker 3: of where we were last year. But to have that

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Speaker 3: break even to where that actually pays off maybe around

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Speaker 3: fifty percent. But if your trajectory is that you see

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Speaker 3: your business increasing, you can afford to bring somebody in

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Speaker 3: or buy that piece of equipment, and then through the

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Speaker 3: increased volume that you can now produce, you can make

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Speaker 3: up that and then go on from there. So it's

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Speaker 3: this balancing effort to make sure that you have the

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Speaker 3: proper number of employees, the proper amount of equipment in

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Speaker 3: order to serve the certain clientele. And then as that increases,

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Speaker 3: then you have to make that determination as to whether

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Speaker 3: or not you want to make that leap. And small

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Speaker 3: businesses are more are more affected by that because again

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Speaker 3: they don't have the deep pockets, they don't have the

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Speaker 3: big cash reserves that these large corporations have, and so

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Speaker 3: therefore when they go out and make an expansion, these

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Speaker 3: small companies then have to borrow money and that increases

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Speaker 3: the cost in order to bring on that new employee

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Speaker 3: or bring or add that piece of equipment.

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Speaker 2: And this is what I'm saying.

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Speaker 3: As far as our interest rates, and when you look

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Speaker 3: at interest rates around the world, we are a lot

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Speaker 3: higher than a lot of these other countries. So getting

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Speaker 3: into the numbers, even further, education and health services gains

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Speaker 3: with gain we're gainers with thirty three thousand hires, while

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Speaker 3: leisure and hospitality added thirteen thousand. Now that's a good

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Speaker 3: sign there because leisure, hospitality and leisure is where people

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Speaker 3: with disposable income are going to be spending their money,

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Speaker 3: and if they don't have that money, they're not going

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Speaker 3: to be participating in that. And with these companies, the

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Speaker 3: hospitality and leisure industry hiring additional employees, then they know

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Speaker 3: or they're seeing that people are still coming and still

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Speaker 3: participating or buying their goods or going to their hotel,

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Speaker 3: going to the restaurants or whatever. And so with them

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Speaker 3: seeing that that traffic is there, they are adding jobs,

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Speaker 3: which means then that there are people out there that

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Speaker 3: have a lot of or not a lot, but some

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Speaker 3: disposable income that can spend there. And so the overall,

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Speaker 3: the overall look that I see as far as the

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Speaker 3: economy with that going on, is that the customers are

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Speaker 3: still there, the customers are increasing, therefore they're increasing their employees,

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Speaker 3: and that's a good sign as far as the economy

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Speaker 3: is concerned. Let's see hospitality. The biggest losses came in

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Speaker 3: professional and business services, which saw a decline of twenty

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Speaker 3: six thousand. Others shedding jobs included information services less minus

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Speaker 3: twenty thousand. Now the information services area, we are seeing

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Speaker 3: a lot of changes there in terms of them moving

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Speaker 3: more and more to AI technology, which then eliminates some

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Speaker 3: of these jobs that have been done by actual human beings.

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Speaker 3: And so that's kind of a sign of the time,

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Speaker 3: so to speak. Manufacturing lost eighteen thousand, financial activities and

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Speaker 3: construction both which saw losses of nine thousand. The rate

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Speaker 3: of pay also slowed, as workers staying on the job,

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Speaker 3: seeing a four point four percent year over year increase,

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Speaker 3: which was down point one percent from October. Now, according

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Speaker 3: to the ADP's chief economist Nella Richardson, hiring has been

328
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Speaker 3: choppy of late as employers weather cautious consumers and uncertain

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Speaker 3: macroeconomic environment. And while November slowed down was broad based,

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Speaker 3: it led was led by a pullback among small businesses.

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Speaker 3: Again what we're talking about in terms of them being

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Speaker 3: more affected by interest rates. ADP reported the last jobs

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Speaker 3: picture of the Federal Reserve before its meeting December. The

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Speaker 3: ninth and tenth Futures traders are assigning nearly ninety percent

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Speaker 3: probability Central Rank will approve another quarter percent interest rate cut. Now,

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Speaker 3: last time that the Federal Reserve met, they said that

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Speaker 3: they were probably not going to do any more interest

338
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Speaker 3: rate cuts before the end of the year. Well, that

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Speaker 3: has changed tremendously, I think, basically because there's an awful

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Speaker 3: lot of pressure on the FED to actually pay attention

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Speaker 3: to what's going on in the economy and stop being

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Speaker 3: pig headed. As far as this concern, in recent week,

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Speaker 3: FED policymakers have expressed a divergence of opinions. Some sides

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Speaker 3: say that it's necessary to head off further job market troubles,

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Speaker 3: while others worry that additional reductions could aggravate inflation. Well,

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Speaker 3: I don't buy that. I don't believe that that would

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Speaker 3: increase inflation. I think it would be good for the

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Speaker 3: economy and jumpstart the economy. Coming up, well, we've got

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Speaker 3: a little bit of announcement as far as federal reserve

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Speaker 3: pick from Donald Trump. I'm Kevin Gordon, America hastruck A

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Speaker 3: Network seven WL.

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Speaker 6: Here's your trucking forecast for the tri State and the

353
00:21:07,160 --> 00:21:09,720
Speaker 6: rest of the country and the Try State. Overnight, mostly

354
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Speaker 6: cloudy skies with snow likely near daybreak. The low down

355
00:21:12,640 --> 00:21:15,160
Speaker 6: to thirty four, about a half inch of snow accumulating

356
00:21:15,280 --> 00:21:18,399
Speaker 6: snow tapers off early Thursday, then it gradually becomes mostly

357
00:21:18,400 --> 00:21:20,840
Speaker 6: sunny a high of thirty one Friday, slight chances of

358
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Speaker 6: early snow, otherwise partly sunny, a high of thirty four,

359
00:21:23,560 --> 00:21:27,040
Speaker 6: partly sunny sky Saturday, a high of thirty seven. Nationally,

360
00:21:27,119 --> 00:21:30,080
Speaker 6: lake effects snow across the Great Lakes, bringing possible swalls

361
00:21:30,119 --> 00:21:33,000
Speaker 6: over interior New England, with periods of mountain snow and

362
00:21:33,119 --> 00:21:35,520
Speaker 6: parts of the Rockies and High Plains, as well as

363
00:21:35,560 --> 00:21:39,000
Speaker 6: the Pacific Northwest moderates. Heavy rain expected along the Gulf

364
00:21:39,040 --> 00:21:41,680
Speaker 6: Coast over the next several days, with an isolated risk

365
00:21:41,680 --> 00:21:45,280
Speaker 6: of flash flooding. Arctic air forecasts across the Midwest Thursday

366
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Speaker 6: and across the northern mid Atlantic to southern New England Friday,

367
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Speaker 6: as new record low temperatures could be set. These central

368
00:21:50,600 --> 00:21:53,680
Speaker 6: Appalachians and mid Atlantic could see light snow by Friday,

369
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Speaker 6: with rain, showers and storms embedded for the southeast.

370
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Speaker 3: Seven hundred. I'm Kevin Gordon. This is America's truck a

371
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Speaker 3: Network Donald Trump. Actually, last week Scott Besson had kind

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Speaker 3: of indicated that we were going to possibly get an

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Speaker 3: early Christmas present from the White House, that possibly the

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Speaker 3: replacement for lion Jerry Powell would be announced before the

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Speaker 3: end of the year, and there's been speculation as to

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Speaker 3: who that was going to be, and Scott Bessant was

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Speaker 3: saying that the likelihood of that being decided by the

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Speaker 3: end of the year, which again would boost the economy,

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Speaker 3: and people would be in terms of looking at that

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Speaker 3: in terms of what the expansion of the American economy

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Speaker 3: would actually be. But unfortunately what we're saying what they're

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Speaker 3: reporting now. Trump sets early twenty twenty six date for

383
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Speaker 3: FED chair pick. President Trump said he plans to announce

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Speaker 3: his selection to lead the Federal Reserve in early twenty

385
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Speaker 3: twenty six, fueling further speculation about the next leader of

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Speaker 3: the US Central Bank. During a cabinet meeting on December

387
00:23:02,200 --> 00:23:05,920
Speaker 3: the second, Trump said, we'll be announcing somebody, probably early

388
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Speaker 3: next year, for the new chairman of the FED. Trump's

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00:23:09,800 --> 00:23:14,080
Speaker 3: comments offer a clearer timeline for the announcement. Treasury Secretary

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Speaker 3: Scott bessen who had been overseeing the selection process, previously

391
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Speaker 3: said the pick could be revealed around Christmas.

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Speaker 2: President on November.

393
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Speaker 3: Thirtieth, told reporters that he knew who he would nominate,

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Speaker 3: without offering for their details. For months, he has been

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Speaker 3: pressured to pressuring the Federal Reserve to lower interest rates,

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Speaker 3: which I believe they should be doing. Trump has criticized

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Speaker 3: Powell as being too slow and timid in pursuing cuts.

398
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Speaker 3: Trump repeated those criticisms and on December the second, calling

399
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Speaker 3: Powell a stubborn ox who probably doesn't like your President.

400
00:23:49,840 --> 00:23:52,920
Speaker 3: Powell's terment as chair ends next month. He could remain

401
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Speaker 3: on the board for two more years as governor. I

402
00:23:55,280 --> 00:23:58,040
Speaker 3: hope not. And of course they mentioned who the candidates

403
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Speaker 3: were and who they're thinking about bringing up. But again

404
00:24:02,600 --> 00:24:04,840
Speaker 3: they mentioned in here too that Trump is kind of

405
00:24:05,840 --> 00:24:09,680
Speaker 3: kind of makes surprises from time to time. He's known

406
00:24:09,720 --> 00:24:13,240
Speaker 3: to make surprise at personal and policy decisions, meaning that

407
00:24:13,560 --> 00:24:17,840
Speaker 3: quite possibly he could be announcing this by the end

408
00:24:17,880 --> 00:24:21,520
Speaker 3: of the year or around Christmas. Still, so it'll be interesting,

409
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Speaker 3: and I think it's a move that's well. And again

410
00:24:24,080 --> 00:24:27,720
Speaker 3: I go back to what I heard. I don't really

411
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Speaker 3: know who. I wish I could remember who brought this up.

412
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Speaker 3: I don't know if it was Kevin O'Leary from Shark Tank,

413
00:24:34,080 --> 00:24:39,240
Speaker 3: or whether it was Lou Dobbs or some of these

414
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Speaker 3: other people. In terms of Larry Cudlow or Charles Payne

415
00:24:44,480 --> 00:24:48,560
Speaker 3: or somebody maybe even Scott Bessen that suggested that what

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00:24:48,680 --> 00:24:52,880
Speaker 3: Trump should do is actually nominate ahead of time the

417
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Speaker 3: Federal Reserve chair replacement, have the confirmation process be done

418
00:25:00,000 --> 00:25:04,280
Speaker 3: by June of this, well this past June, so that

419
00:25:04,640 --> 00:25:08,800
Speaker 3: you could actually have somebody who could be there waiting

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00:25:08,800 --> 00:25:11,639
Speaker 3: in the wings and talking about, well, if I was

421
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Speaker 3: fed share, now, this is what I would do, which

422
00:25:14,800 --> 00:25:18,360
Speaker 3: would then put pressure online Jerry Powell to actually do

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00:25:18,640 --> 00:25:22,679
Speaker 3: what he should be doing. But again, he's kind of

424
00:25:22,680 --> 00:25:25,760
Speaker 3: pig headed. I don't think he likes Donald Trump too much,

425
00:25:26,200 --> 00:25:28,840
Speaker 3: and quite well, you know, you go back to him

426
00:25:29,119 --> 00:25:32,480
Speaker 3: lowering interest rates by half a percentage point six weeks

427
00:25:32,520 --> 00:25:36,280
Speaker 3: before the election last year, which I think was an

428
00:25:36,320 --> 00:25:39,399
Speaker 3: attempt to boost Kamala Harris and push her across the

429
00:25:39,440 --> 00:25:42,960
Speaker 3: finish line because of the interest rate cut. But again,

430
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Speaker 3: some people are talking about that, but you know, more

431
00:25:47,440 --> 00:25:49,359
Speaker 3: and more people are talking about it, but we've talked

432
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Speaker 3: about it here a lot. Cyber Monday remains biggest online

433
00:25:53,320 --> 00:25:59,560
Speaker 3: spending day at fourteen point two five billion dollars. What's

434
00:25:59,640 --> 00:26:02,600
Speaker 3: interesting thing is that Blackfriday, they talked about Black Friday

435
00:26:02,600 --> 00:26:08,240
Speaker 3: has supplanted Cyber Monday in online spending growth for the

436
00:26:08,320 --> 00:26:11,679
Speaker 3: second year in a row, according to Adobe, Inc. With

437
00:26:11,800 --> 00:26:15,880
Speaker 3: deal hunting consumers getting an early start on their holiday shopping.

438
00:26:16,400 --> 00:26:21,119
Speaker 3: US shoppers spent fourteen point two five billion dollars online

439
00:26:21,440 --> 00:26:25,600
Speaker 3: during Cyber Monday, up seven point one percent from a

440
00:26:25,640 --> 00:26:29,160
Speaker 3: year ago. So much for a sluggish economy, so much

441
00:26:29,240 --> 00:26:33,159
Speaker 3: for consumer sentiment being down, So much for people saying that,

442
00:26:33,240 --> 00:26:35,399
Speaker 3: you know, we just don't have the money to go

443
00:26:35,440 --> 00:26:38,520
Speaker 3: out and spend because the economy is so horrible. All

444
00:26:38,520 --> 00:26:41,600
Speaker 3: these things that the spoon fed regurgitators in mainstream media

445
00:26:41,840 --> 00:26:45,760
Speaker 3: have been trying to portray, and in my opinion, trying

446
00:26:45,800 --> 00:26:50,120
Speaker 3: to manufacture a recession, talk down the economy, talk down

447
00:26:50,160 --> 00:26:53,439
Speaker 3: to this administration, like they've done for the last what

448
00:26:53,640 --> 00:26:56,920
Speaker 3: is it now, almost a decade.

449
00:26:57,240 --> 00:26:57,720
Speaker 2: Everything.

450
00:26:58,000 --> 00:27:01,480
Speaker 3: All the coverage of Donald Trump is ninety four percent negative.

451
00:27:01,760 --> 00:27:04,600
Speaker 3: All the comments having to do with the economy and

452
00:27:04,640 --> 00:27:08,760
Speaker 3: his economic policy ninety four percent negative. And despite all that,

453
00:27:09,280 --> 00:27:11,919
Speaker 3: people have pushed that aside, taken a look at their

454
00:27:11,960 --> 00:27:14,480
Speaker 3: own personal finances and say, well, you know, I may

455
00:27:14,480 --> 00:27:16,720
Speaker 3: be worried about my neighbor, I may be worried about

456
00:27:16,720 --> 00:27:20,120
Speaker 3: the overall economy. But hey, I'm doing pretty good. I'm

457
00:27:20,119 --> 00:27:22,560
Speaker 3: going to go out and spend money, up seven point

458
00:27:22,680 --> 00:27:26,400
Speaker 3: one percent from a year ago, compared with a nine

459
00:27:26,440 --> 00:27:30,560
Speaker 3: point one percent increase on Black Friday, The firm said.

460
00:27:30,600 --> 00:27:33,119
Speaker 3: Spending on a five day period from Thanksgiving the Cyber

461
00:27:33,160 --> 00:27:39,520
Speaker 3: Monday total forty four point two billion dollars, up seven

462
00:27:39,640 --> 00:27:44,080
Speaker 3: point seven percent from a year ago. According to Vivek PANDEA,

463
00:27:44,240 --> 00:27:49,560
Speaker 3: lead economists with Adobe Digital Insights, competitive and persistent deals

464
00:27:49,560 --> 00:27:54,679
Speaker 3: throughout cyber Cyberweek pushed consumers to shop earlier, creating an

465
00:27:54,760 --> 00:27:59,080
Speaker 3: environment well black, We're Black Friday now challenges the dominance

466
00:27:59,200 --> 00:28:03,040
Speaker 3: of cyber Monday. Cyber Monday remains the biggest online spending

467
00:28:03,119 --> 00:28:05,560
Speaker 3: day of the year at fourteen point twenty five billion,

468
00:28:06,000 --> 00:28:09,520
Speaker 3: with Black Friday, as far as cyber sales are concerned,

469
00:28:10,040 --> 00:28:14,360
Speaker 3: is closing the gap at eleven point eight billion. Shoppers

470
00:28:14,400 --> 00:28:17,399
Speaker 3: started out slower than expected on Cyber Monday, but ramped

471
00:28:17,480 --> 00:28:23,240
Speaker 3: up as the day progressed, according to Cali Kayla Schwartz

472
00:28:23,600 --> 00:28:27,639
Speaker 3: Salesforce Inc. Let me see she is Salesforce Director of

473
00:28:28,280 --> 00:28:29,359
Speaker 3: Consumer Insights.

474
00:28:29,760 --> 00:28:30,200
Speaker 2: She said.

475
00:28:30,440 --> 00:28:34,240
Speaker 3: According to Sales Inc. Which tracks transactions from one point

476
00:28:34,400 --> 00:28:40,320
Speaker 3: five billion consumers said, Global online sales, mostly in Europe,

477
00:28:40,760 --> 00:28:45,440
Speaker 3: rose seven percent year over year, slightly faster than the

478
00:28:45,520 --> 00:28:49,680
Speaker 3: six percent pace in the US. Online holiday spending typically

479
00:28:49,800 --> 00:28:53,120
Speaker 3: rises quicker in the United States. Now get this, It's

480
00:28:53,200 --> 00:28:55,360
Speaker 3: one of those things that I keep talking about. As

481
00:28:55,400 --> 00:28:59,560
Speaker 3: far as interest rates, She attributed this year's results to

482
00:28:59,760 --> 00:29:03,120
Speaker 3: tech stung us shoppers, which I think is a bload

483
00:29:03,160 --> 00:29:06,000
Speaker 3: of crap. Now, mind you, she's talking about the pace

484
00:29:06,120 --> 00:29:11,000
Speaker 3: of increase in Europe and the economic boost European countries

485
00:29:11,040 --> 00:29:16,120
Speaker 3: are seeing from a series of interest rate cuts that

486
00:29:16,400 --> 00:29:18,120
Speaker 3: began last year.

487
00:29:18,400 --> 00:29:21,200
Speaker 2: Do you hear that? Do you hear that, Lion Jerry Powell?

488
00:29:21,480 --> 00:29:26,560
Speaker 3: European countries are benefiting and their economies are seeing from

489
00:29:26,840 --> 00:29:31,000
Speaker 3: a series of interest rate cuts that began last year.

490
00:29:31,640 --> 00:29:35,000
Speaker 3: The trade war, government shutdown, and weakening labor market are

491
00:29:35,080 --> 00:29:38,080
Speaker 3: weighing on consumer confidence and making it hard to predict

492
00:29:38,160 --> 00:29:41,120
Speaker 3: how holiday shopping season will go this year. Well, I

493
00:29:41,160 --> 00:29:43,200
Speaker 3: would say that if you're at a seven point seven

494
00:29:43,280 --> 00:29:46,160
Speaker 3: percent increase from a year ago, I think you're off

495
00:29:46,200 --> 00:29:48,800
Speaker 3: to a pretty good start and would probably indicate that

496
00:29:48,920 --> 00:29:51,600
Speaker 3: the holiday season is going to be up a little

497
00:29:51,640 --> 00:29:54,800
Speaker 3: bit more than I think what the earlier predictions were

498
00:29:55,200 --> 00:29:57,920
Speaker 3: from about a two point five to a three percent increase.

499
00:29:58,200 --> 00:30:00,800
Speaker 3: I think we're heading in a very good direction there.

500
00:30:01,080 --> 00:30:05,000
Speaker 3: Analystas said that relatively robust showing so far suggests wealthier

501
00:30:05,040 --> 00:30:08,760
Speaker 3: Americans are spending lavishly, which they do anyway, that's a

502
00:30:08,840 --> 00:30:12,920
Speaker 3: typical year for them, while they're less healed counterparts are

503
00:30:13,000 --> 00:30:16,720
Speaker 3: shopping more carefully well, which is what I think most

504
00:30:16,760 --> 00:30:19,480
Speaker 3: people should do. Anyway. You don't just go out and

505
00:30:19,600 --> 00:30:23,760
Speaker 3: waste money. You target, You pay attention to where the bargains.

506
00:30:23,240 --> 00:30:25,440
Speaker 2: Are, and you swoop in on it. Why would you?

507
00:30:26,160 --> 00:30:29,640
Speaker 3: This always amazed me at why people want to pay

508
00:30:29,760 --> 00:30:33,360
Speaker 3: full retail for stuff. If you can do a little digging,

509
00:30:33,480 --> 00:30:35,520
Speaker 3: if you could do a little bit of searching and

510
00:30:35,720 --> 00:30:39,040
Speaker 3: get a fifteen, twenty twenty five and in some cases

511
00:30:39,280 --> 00:30:42,440
Speaker 3: forty percent or more off the cost of something, why

512
00:30:42,520 --> 00:30:45,440
Speaker 3: wouldn't you do that? That's money in your pocket that's

513
00:30:45,440 --> 00:30:47,640
Speaker 3: then available for other things you want to purchase.

514
00:30:48,000 --> 00:30:48,880
Speaker 2: I just don't get it.

515
00:30:49,520 --> 00:30:54,200
Speaker 3: Coming up, Donald Trump announcing that they're going to ease

516
00:30:54,440 --> 00:30:58,680
Speaker 3: mileage rules in a bid to curb rising car prices

517
00:30:59,000 --> 00:31:03,520
Speaker 3: again make cars more affordable. I'm Kevin Gordon America'structing Network

518
00:31:03,680 --> 00:31:05,480
Speaker 3: seven hundred WLW.

519
00:31:05,880 --> 00:31:09,320
Speaker 1: Run a business and not thinking about podcasting, Think again,

520
00:31:09,880 --> 00:31:11,200
Speaker 1: more Americans listening.

521
00:31:10,960 --> 00:31:16,400
Speaker 3: To Americastructing Network seven hundred WLW. Trump administration is going

522
00:31:16,480 --> 00:31:19,040
Speaker 3: to ease the mileage rules in a bid to curb

523
00:31:19,280 --> 00:31:22,440
Speaker 3: rising car prices because all of this stuff that the

524
00:31:22,560 --> 00:31:27,880
Speaker 3: EPA has mandated in terms of fuel efficiency and putting

525
00:31:27,960 --> 00:31:31,920
Speaker 3: more restrictions on these cars. Not only the fact that

526
00:31:32,080 --> 00:31:35,160
Speaker 3: they put through these standards and say for your entire fleet,

527
00:31:35,240 --> 00:31:38,800
Speaker 3: you have to have x number of miles per gallon

528
00:31:39,000 --> 00:31:41,720
Speaker 3: on average. The problem with that is that if they

529
00:31:41,880 --> 00:31:45,480
Speaker 3: don't meet those standards, then they get fined and they

530
00:31:45,600 --> 00:31:49,160
Speaker 3: have to pay billions of dollars to the federal government

531
00:31:49,280 --> 00:31:51,960
Speaker 3: for not meeting those standards. Which if they're having to

532
00:31:52,080 --> 00:31:54,840
Speaker 3: pay that to the federal government, they aren't just pulling

533
00:31:54,880 --> 00:31:57,280
Speaker 3: that out of their pocket. They're adding that to the

534
00:31:57,360 --> 00:31:59,680
Speaker 3: cost of the cars. So if they're adding that to

535
00:31:59,720 --> 00:32:02,360
Speaker 3: the car the cars, they already take cars that are

536
00:32:02,400 --> 00:32:04,280
Speaker 3: out of the reach for a lot of people and

537
00:32:04,400 --> 00:32:07,440
Speaker 3: push them even higher, which then means that people are

538
00:32:07,480 --> 00:32:11,560
Speaker 3: not buying those cars. And so they talk about that,

539
00:32:11,800 --> 00:32:15,560
Speaker 3: Oh no, the Biden administration didn't put in this ev mandate.

540
00:32:16,160 --> 00:32:19,040
Speaker 3: But if you tell people that you've got to hit

541
00:32:19,160 --> 00:32:21,960
Speaker 3: a certain mileage standard, and the way you do that

542
00:32:22,160 --> 00:32:26,360
Speaker 3: because you get credits against that mileage standard for evs

543
00:32:26,480 --> 00:32:29,840
Speaker 3: that you sell, you're obviously going to sell more evs

544
00:32:29,920 --> 00:32:33,760
Speaker 3: and push more evs so that you're in compliance with that. So, no,

545
00:32:33,920 --> 00:32:37,080
Speaker 3: it's not a mandate. But in order to save yourself

546
00:32:37,160 --> 00:32:39,840
Speaker 3: from paying all these fines, you have to increase that,

547
00:32:40,200 --> 00:32:42,840
Speaker 3: which quite honestly is a load of crap, and it's

548
00:32:43,040 --> 00:32:47,400
Speaker 3: the federal government forcing evs down the throat of people.

549
00:32:48,000 --> 00:32:49,080
Speaker 2: Trump administration is.

550
00:32:49,080 --> 00:32:52,040
Speaker 3: Poised to announce new fuel efficiency standards for automobiles and

551
00:32:52,080 --> 00:32:55,720
Speaker 3: a bid to undue requirements that have assaled that it

552
00:32:55,840 --> 00:32:58,720
Speaker 3: has assailed for driving up the cost of new cars.

553
00:32:58,800 --> 00:33:02,600
Speaker 3: According to people familiar with the matter, details of proposed

554
00:33:02,800 --> 00:33:06,640
Speaker 3: the proposed requirements weren't immediately clear. However, they are expected

555
00:33:06,680 --> 00:33:10,160
Speaker 3: to be less stringent than those finalized under the President

556
00:33:10,280 --> 00:33:13,160
Speaker 3: Joe Biden, which by the way, was within the last

557
00:33:13,240 --> 00:33:16,760
Speaker 3: six months of the administration, because again they knew that

558
00:33:17,000 --> 00:33:19,280
Speaker 3: the new administration was coming. As a matter of fact,

559
00:33:19,320 --> 00:33:22,560
Speaker 3: if I'm not mistaken, these standards actually got put in

560
00:33:23,080 --> 00:33:27,000
Speaker 3: after the election and prior to the inauguration. So again,

561
00:33:27,240 --> 00:33:30,560
Speaker 3: if you're trying to handcuff the incoming administration, this was

562
00:33:30,600 --> 00:33:31,320
Speaker 3: a way to do that.

563
00:33:31,720 --> 00:33:33,680
Speaker 2: And since it wasn't a matter of law, this can be.

564
00:33:33,760 --> 00:33:37,120
Speaker 3: Undone by the coming incoming administration move as the latest

565
00:33:37,160 --> 00:33:40,120
Speaker 3: President Donald Trump to push dismantling the policies that he

566
00:33:40,200 --> 00:33:43,440
Speaker 3: has derailed as an EV mandate. Now again people are

567
00:33:43,640 --> 00:33:46,440
Speaker 3: complaining about that, or people are criticizing him for that,

568
00:33:46,880 --> 00:33:48,120
Speaker 3: but that's what it amounts to.

569
00:33:48,600 --> 00:33:50,440
Speaker 2: No, it's not an official mandate.

570
00:33:50,520 --> 00:33:52,840
Speaker 3: It's not an official but if you put in all

571
00:33:52,960 --> 00:33:55,560
Speaker 3: kinds of regulations they kind of force you to do that,

572
00:33:56,040 --> 00:33:59,000
Speaker 3: then it is kind of a backhanded mandate. Trump ordered

573
00:33:59,040 --> 00:34:02,880
Speaker 3: the elimination of sies and other measures boosting electric vehicles

574
00:34:03,080 --> 00:34:05,680
Speaker 3: during her first day back in the White House in January.

575
00:34:05,960 --> 00:34:09,720
Speaker 3: His administration and Republican controlled Congress have heated the directive

576
00:34:09,960 --> 00:34:14,600
Speaker 3: by moving to ease national fuel economy standards, eliminating federal

577
00:34:14,880 --> 00:34:20,440
Speaker 3: tax credits for EV purchasers, and unwinding California's ability to

578
00:34:20,600 --> 00:34:26,319
Speaker 3: set its own emission limits. You should not permit a state,

579
00:34:26,440 --> 00:34:32,000
Speaker 3: and especially as large as California, to mandate emission limits

580
00:34:32,560 --> 00:34:35,960
Speaker 3: because in order to comply with that, as far as

581
00:34:36,000 --> 00:34:39,600
Speaker 3: the manufacturers are concerned, that is such a big market

582
00:34:39,680 --> 00:34:44,040
Speaker 3: there that they then wind up putting those emission controls

583
00:34:44,120 --> 00:34:47,320
Speaker 3: on the cars in every other state that are sold.

584
00:34:47,680 --> 00:34:52,160
Speaker 3: And so we are being forced to comply with California,

585
00:34:52,400 --> 00:34:55,800
Speaker 3: which is out of control in terms of their emissions control.

586
00:34:56,160 --> 00:34:59,200
Speaker 3: And especially now let's not forget the fact that everything

587
00:34:59,320 --> 00:35:01,160
Speaker 3: that they have done and for the last twenty to

588
00:35:01,280 --> 00:35:05,840
Speaker 3: thirty years was undone completely back in twenty twenty because

589
00:35:05,880 --> 00:35:09,600
Speaker 3: of their mismanagement of their forestation and not having the.

590
00:35:09,719 --> 00:35:13,320
Speaker 2: Proper water reserves and the wildfires.

591
00:35:12,640 --> 00:35:15,680
Speaker 3: That happened in twenty twenty as a result of that,

592
00:35:16,120 --> 00:35:19,280
Speaker 3: it eliminated everything they had done as far as emission

593
00:35:19,360 --> 00:35:22,239
Speaker 3: controls and clean energy policies for the last twenty to

594
00:35:22,320 --> 00:35:24,920
Speaker 3: thirty years. Then you layer on top of that what

595
00:35:25,120 --> 00:35:27,799
Speaker 3: happen in twenty twenty five, and that pushed that back

596
00:35:27,880 --> 00:35:31,640
Speaker 3: even more ten to fifteen years there. So you do

597
00:35:31,800 --> 00:35:35,920
Speaker 3: what you're supposed to do and stop putting these crazy

598
00:35:36,800 --> 00:35:39,560
Speaker 3: fuel efficient things on there. Because if you look at

599
00:35:39,920 --> 00:35:42,399
Speaker 3: and I brought this up several times, if you look

600
00:35:42,680 --> 00:35:44,239
Speaker 3: at the current semi.

601
00:35:44,040 --> 00:35:45,960
Speaker 2: Trucks at the tractor trailers out there.

602
00:35:46,239 --> 00:35:50,680
Speaker 3: It takes sixty of those tractor trailers today to equal

603
00:35:51,280 --> 00:35:54,640
Speaker 3: one of the as far as pollution is concerned, match

604
00:35:55,040 --> 00:35:58,520
Speaker 3: one truck from back in nineteen eighty eight. If you

605
00:35:58,560 --> 00:36:04,080
Speaker 3: look at the tailpipe emissions on cars, we are ninety

606
00:36:04,400 --> 00:36:07,680
Speaker 3: eight ninety nine percent less than what it was back

607
00:36:07,760 --> 00:36:10,399
Speaker 3: in the early eighties and into the nineties. You look

608
00:36:10,440 --> 00:36:13,000
Speaker 3: at the air pollution that's going on, the haze that

609
00:36:13,080 --> 00:36:15,840
Speaker 3: you usually see over some of these cities during the summer, it's.

610
00:36:15,800 --> 00:36:16,359
Speaker 2: Just not there.

611
00:36:17,120 --> 00:36:21,880
Speaker 3: You can do this in stages and do it reasonably

612
00:36:22,320 --> 00:36:26,200
Speaker 3: instead of doing this heavy handed, just kind of clabbering

613
00:36:26,239 --> 00:36:28,640
Speaker 3: people over the head with this. So I applaud this,

614
00:36:28,800 --> 00:36:31,759
Speaker 3: and hopefully there will be doing something as far as

615
00:36:31,840 --> 00:36:35,080
Speaker 3: that's concerned. And I'm kind of curious as to when

616
00:36:35,160 --> 00:36:41,040
Speaker 3: they actually announced those those emissions controls what it's actually

617
00:36:41,120 --> 00:36:43,719
Speaker 3: going to be. Let's take a quick look at oil

618
00:36:43,760 --> 00:36:46,160
Speaker 3: and gas prices, because that has been jumping.

619
00:36:45,880 --> 00:36:46,680
Speaker 2: Around a little bit.

620
00:36:47,400 --> 00:36:47,560
Speaker 6: Well.

621
00:36:47,719 --> 00:36:50,680
Speaker 3: Let me see currently West Texas Intermedia Crew currently is

622
00:36:50,719 --> 00:36:53,719
Speaker 3: a fifty nine dollars and eleven cents of barrel, up

623
00:36:55,080 --> 00:36:58,120
Speaker 3: forty seven cents zero point eight percent now just since

624
00:36:58,160 --> 00:37:04,520
Speaker 3: the January twenty West Texas Incrued is down seventeen dollars

625
00:37:04,600 --> 00:37:07,399
Speaker 3: and seventy eight cents a barrel, which is twenty three

626
00:37:07,480 --> 00:37:10,080
Speaker 3: percent lower than what it was January of the twentieth.

627
00:37:10,400 --> 00:37:13,480
Speaker 3: Brent crude at sixty two eighty one is thirty six

628
00:37:13,560 --> 00:37:17,520
Speaker 3: cents higher again point five to eight thereabouts, but since

629
00:37:17,560 --> 00:37:19,239
Speaker 3: the first of the year. Act on the first of

630
00:37:19,239 --> 00:37:22,320
Speaker 3: the year, but January of the twentieth is down seventeen

631
00:37:22,360 --> 00:37:25,800
Speaker 3: dollars and nine cents a barrel, or twenty one percent,

632
00:37:26,200 --> 00:37:29,640
Speaker 3: which is a good sign. We are seeing gas prices

633
00:37:30,040 --> 00:37:34,279
Speaker 3: across the board coming down. Current national average is two

634
00:37:34,440 --> 00:37:38,360
Speaker 3: ninety nine point nine and diesel is currently across the

635
00:37:38,400 --> 00:37:43,239
Speaker 3: board three point seven three three dollars seventy three cents

636
00:37:43,480 --> 00:37:47,520
Speaker 3: per gallon. Now again we're starting to see those coming down.

637
00:37:47,880 --> 00:37:48,000
Speaker 5: Now.

638
00:37:48,239 --> 00:37:52,160
Speaker 3: As far as what's going on, we you know, we

639
00:37:52,360 --> 00:37:54,600
Speaker 3: keep hearing about this, we keep seeing this, and it

640
00:37:54,719 --> 00:37:58,200
Speaker 3: keeps fluctuating as far as oil prices are concerned. Oil

641
00:37:58,280 --> 00:38:02,520
Speaker 3: prices climbed almost one percent on Wednesday after Russia said

642
00:38:02,600 --> 00:38:06,040
Speaker 3: talks with the US officials in Moscow failed to reach

643
00:38:06,160 --> 00:38:09,879
Speaker 3: a compromise on a potential Ukrainian peace deal that could

644
00:38:09,920 --> 00:38:12,320
Speaker 3: have eased sanctions on the oil sector.

645
00:38:12,800 --> 00:38:14,880
Speaker 2: Goldman Sachs analysts said in a note.

646
00:38:15,040 --> 00:38:19,080
Speaker 3: Oil markets and prediction markets do not appear to price

647
00:38:19,280 --> 00:38:22,960
Speaker 3: a large probability of a near term peace agreement and

648
00:38:23,120 --> 00:38:26,320
Speaker 3: removal of the sanctions on Russian oil. Russia and the

649
00:38:26,440 --> 00:38:29,200
Speaker 3: US failed to reach a compromise after a five hour

650
00:38:29,360 --> 00:38:33,560
Speaker 3: meeting between Russian President Vladimir Putin and US President Donald

651
00:38:33,600 --> 00:38:38,000
Speaker 3: Trump's top envoy. Russian government said on Wednesday oil markets

652
00:38:38,040 --> 00:38:40,480
Speaker 3: were awaiting the outcome of the talks to see if

653
00:38:40,560 --> 00:38:44,719
Speaker 3: a deal could possibly be in process so that they

654
00:38:44,760 --> 00:38:49,040
Speaker 3: could remove these restrictions on Russian oil. Of course, these

655
00:38:49,120 --> 00:38:54,040
Speaker 3: sanctions have been on the Russian conglomerate Rosneft and Luke

656
00:38:54,080 --> 00:38:57,880
Speaker 3: Oil and would free up restricted oil supply. Putin on

657
00:38:57,960 --> 00:39:02,320
Speaker 3: Tuesday said the European powers are hindering the US attempts

658
00:39:02,360 --> 00:39:05,480
Speaker 3: to end the war by putting forward proposals they know

659
00:39:05,640 --> 00:39:10,000
Speaker 3: would absolutely be unacceptable to Moscow. So the European Union

660
00:39:11,320 --> 00:39:15,400
Speaker 3: get that, you know, European Union, which didn't step in,

661
00:39:16,080 --> 00:39:20,040
Speaker 3: didn't do anything to prevent the invasion of Russia into

662
00:39:20,200 --> 00:39:24,279
Speaker 3: Ukraine back in twenty twenty two, are now sitting there

663
00:39:24,680 --> 00:39:28,160
Speaker 3: trying to dictate or trying to muddy the waters in

664
00:39:28,320 --> 00:39:33,000
Speaker 3: terms of the negotiations, in terms of what they want

665
00:39:33,800 --> 00:39:38,200
Speaker 3: Russia to agree to, which is interesting because you're the

666
00:39:38,320 --> 00:39:42,200
Speaker 3: ones that created the problem and now you expect us

667
00:39:42,360 --> 00:39:44,680
Speaker 3: to pay attention to you as to how to fix

668
00:39:44,800 --> 00:39:45,320
Speaker 3: the problem.

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00:39:45,640 --> 00:39:50,080
Speaker 2: I don't think so. Again, it shouldn't with NATO, with

670
00:39:50,280 --> 00:39:52,560
Speaker 2: the UN, with the buildup of.

671
00:39:52,640 --> 00:39:55,000
Speaker 3: The troops there on the border for over a year,

672
00:39:55,760 --> 00:40:01,040
Speaker 3: they absolutely did nothing. And as back in twenty seventeen,

673
00:40:01,120 --> 00:40:06,040
Speaker 3: would Trump warn them at the UN, is that your

674
00:40:06,160 --> 00:40:10,919
Speaker 3: dependence and closing your coal fired plants and depending more

675
00:40:11,120 --> 00:40:14,719
Speaker 3: on natural gas from Russia, you are going to be

676
00:40:14,880 --> 00:40:18,720
Speaker 3: held hostage by Russia in order to keep your houses

677
00:40:18,800 --> 00:40:22,399
Speaker 3: warm and your people not to freeze. But instead, when

678
00:40:22,440 --> 00:40:26,200
Speaker 3: he mentioned that, the East German or the German delegation,

679
00:40:26,600 --> 00:40:29,160
Speaker 3: and there's pictures online that you can see of where

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00:40:29,239 --> 00:40:29,720
Speaker 3: they were.

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00:40:29,960 --> 00:40:33,440
Speaker 2: Laughing at him, well, like what an idiot? Can you

682
00:40:33,520 --> 00:40:34,759
Speaker 2: believe what this guy is saying?

683
00:40:35,160 --> 00:40:39,359
Speaker 3: And then two years later, during the Biden administration, all

684
00:40:39,400 --> 00:40:43,080
Speaker 3: of a sudden, guess what held hostage by the Russians

685
00:40:43,320 --> 00:40:46,640
Speaker 3: because of their dependence on there and now because of that,

686
00:40:47,160 --> 00:40:49,800
Speaker 3: now they are trying to figure out some way of

687
00:40:50,719 --> 00:40:53,520
Speaker 3: doing this in terms of keep and now that they

688
00:40:53,560 --> 00:40:57,680
Speaker 3: have started to get more energy independent and try to

689
00:40:57,760 --> 00:40:59,920
Speaker 3: break the ties with Russia, now all of a sud

690
00:41:00,040 --> 00:41:01,640
Speaker 3: on they're going to back what they should have been

691
00:41:01,680 --> 00:41:03,320
Speaker 3: doing back in twenty seventeen.

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Speaker 2: So it's just, you know, European Union.

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00:41:07,200 --> 00:41:09,319
Speaker 3: You know, we have been hearing for years and years

694
00:41:09,360 --> 00:41:12,440
Speaker 3: and years the European model as if that is some

695
00:41:12,640 --> 00:41:16,200
Speaker 3: sort of a panacea or some sort of great goal

696
00:41:16,320 --> 00:41:19,200
Speaker 3: to attain. And as you go through and you see

697
00:41:19,280 --> 00:41:22,680
Speaker 3: what's going on in the European countries, you realize that,

698
00:41:23,120 --> 00:41:25,680
Speaker 3: you know what, we don't want any part of that,

699
00:41:25,920 --> 00:41:28,399
Speaker 3: and we shouldn't be paying attention to what they're doing

700
00:41:28,760 --> 00:41:31,680
Speaker 3: except for their interest rate cuts which is spurring their economy.

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00:41:31,880 --> 00:41:32,280
Speaker 2: Anyway.

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Speaker 3: Well, folks, we're up against clock here. Stay tuned for

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Speaker 3: Red Eye Rady at the top the hour. I'm Kevin Gordon.

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Speaker 3: America Struck a network seven hundred WLW