1 00:00:09,880 --> 00:00:15,520 Speaker 1: It is America's Trucking Network with Kevin Gordon, one of them bars. 2 00:00:15,680 --> 00:00:18,480 Speaker 1: Thanks for tuning in on this Friday morning. I'll tell 3 00:00:18,520 --> 00:00:20,360 Speaker 1: you what. We got a lot of news to get to, 4 00:00:20,920 --> 00:00:24,280 Speaker 1: had initial jobless claims coming out. We have some information 5 00:00:24,400 --> 00:00:29,800 Speaker 1: regarding the non rate change yesterday. But interestingly enough, after 6 00:00:29,840 --> 00:00:32,280 Speaker 1: we talked about it, a lot of other people did 7 00:00:32,320 --> 00:00:35,040 Speaker 1: their analysis of it, and kind of interesting how many 8 00:00:35,040 --> 00:00:37,519 Speaker 1: of them agree with me. And there's a couple other 9 00:00:37,560 --> 00:00:41,120 Speaker 1: points in there. I'm going to point out tariffs affecting 10 00:00:41,280 --> 00:00:45,640 Speaker 1: how much they're affecting car sales. Let's see, we got 11 00:00:45,640 --> 00:00:47,879 Speaker 1: a little bit of Hollywood news, and we've got some 12 00:00:48,000 --> 00:00:50,280 Speaker 1: Class eight truck sales at the end of the year. 13 00:00:50,560 --> 00:00:54,960 Speaker 1: Possibly some discussion about Amazon as well. But let's see 14 00:00:55,000 --> 00:00:57,360 Speaker 1: how much of that mischief we can get into here. 15 00:00:57,560 --> 00:01:01,640 Speaker 1: Initial jobless claims declined by one in the weekending January 16 00:01:01,720 --> 00:01:04,920 Speaker 1: the twenty fourth. Now, what is striking about all the 17 00:01:04,959 --> 00:01:09,080 Speaker 1: news coverage of this is that over the last six 18 00:01:09,160 --> 00:01:12,520 Speaker 1: months or so, we actually since pretty much Liberation Day 19 00:01:12,600 --> 00:01:15,840 Speaker 1: back on April the second, when everybody said that you know, 20 00:01:15,920 --> 00:01:18,440 Speaker 1: the sky's falling, we're going to go into a recession. 21 00:01:18,560 --> 00:01:21,880 Speaker 1: That unemployments go out of control, and all this well, 22 00:01:22,520 --> 00:01:26,280 Speaker 1: they keep focusing on the jobless claims and kind of 23 00:01:26,319 --> 00:01:29,240 Speaker 1: with breathless anticipation, hoping that there's going to be a 24 00:01:29,280 --> 00:01:32,440 Speaker 1: bump there so that they can be proven right. And 25 00:01:32,480 --> 00:01:34,800 Speaker 1: as we've been pointing out on a weekly basis, they 26 00:01:34,840 --> 00:01:37,160 Speaker 1: haven't been proven right, and then they're not going to 27 00:01:37,200 --> 00:01:41,640 Speaker 1: be Then you have around the period of the government 28 00:01:41,720 --> 00:01:44,320 Speaker 1: shut down when some of the reports weren't coming through 29 00:01:44,600 --> 00:01:47,040 Speaker 1: and people were saying, gosh, we're not getting those numbers, 30 00:01:47,319 --> 00:01:50,440 Speaker 1: even though the numbers from the individual states were being 31 00:01:50,480 --> 00:01:53,720 Speaker 1: posted on the website, and there were a couple of 32 00:01:53,800 --> 00:01:56,800 Speaker 1: agencies that went in there. Chase Bank was one of them, 33 00:01:56,800 --> 00:02:00,120 Speaker 1: and somebody else was in JP Morgan Goldman, Sachs and 34 00:02:00,160 --> 00:02:02,400 Speaker 1: a couple others jumped in there, pulled out the numbers 35 00:02:02,440 --> 00:02:05,480 Speaker 1: and then reported them. So even during that period of 36 00:02:05,480 --> 00:02:08,360 Speaker 1: time when people were saying, oh, you know, we're flying 37 00:02:08,400 --> 00:02:11,760 Speaker 1: blind now and we can't make any assessments and whatever, well, 38 00:02:11,800 --> 00:02:14,560 Speaker 1: apparently now I guess people are kind of kind of 39 00:02:14,600 --> 00:02:19,680 Speaker 1: where we were all year long last year, that unemployment 40 00:02:19,760 --> 00:02:21,959 Speaker 1: is not that big a deal because there's hardly any 41 00:02:22,080 --> 00:02:25,079 Speaker 1: stories about it, but just kind of hit the highlights here. 42 00:02:25,440 --> 00:02:28,720 Speaker 1: Initial claims were two hundred nine thousand, a decrease of 43 00:02:28,760 --> 00:02:32,480 Speaker 1: one thousand from the revised number last week. Last number 44 00:02:32,560 --> 00:02:34,960 Speaker 1: last week was two hundred thousand. The revised that up 45 00:02:35,000 --> 00:02:38,680 Speaker 1: to ten increased that by ten thousand. But what's interesting 46 00:02:38,760 --> 00:02:42,560 Speaker 1: too is that again we are in that range where 47 00:02:42,880 --> 00:02:45,480 Speaker 1: somewhere between two hundred and ten and two hundred and 48 00:02:45,520 --> 00:02:48,800 Speaker 1: fifty thousand per week is where the job market generally 49 00:02:48,800 --> 00:02:52,480 Speaker 1: has been and has been since pretty much twenty since 50 00:02:52,480 --> 00:02:56,040 Speaker 1: the end of the pandemic. So you know, again the 51 00:02:56,360 --> 00:02:58,520 Speaker 1: people panicking or trying to make a big deal out 52 00:02:58,560 --> 00:03:01,040 Speaker 1: of stuff have been waiting for those numbers come in, 53 00:03:01,240 --> 00:03:02,880 Speaker 1: even the federal And I wonder if this is a 54 00:03:02,919 --> 00:03:06,160 Speaker 1: result of what the Federal Reserve said yesterday about the 55 00:03:06,280 --> 00:03:09,400 Speaker 1: job market being steady and not they're not worried about 56 00:03:09,400 --> 00:03:12,960 Speaker 1: the job market anyway. Previous week's level were revised up 57 00:03:12,960 --> 00:03:17,200 Speaker 1: by ten thousand. The moving average is a two hundred 58 00:03:17,200 --> 00:03:20,160 Speaker 1: and six thousand. Still, the moving average over the four 59 00:03:20,200 --> 00:03:23,080 Speaker 1: week period of time that that takes into consideration is 60 00:03:23,200 --> 00:03:26,280 Speaker 1: still below that two hundred and ten thousand dollars. Two 61 00:03:26,360 --> 00:03:30,440 Speaker 1: hundred and ten thousand jobless claims number. Now also they 62 00:03:30,480 --> 00:03:33,040 Speaker 1: point out the fact that the number of people that 63 00:03:33,120 --> 00:03:36,760 Speaker 1: are collecting unemployment after the initial week has come down. 64 00:03:37,040 --> 00:03:41,640 Speaker 1: It was at one point eight seven million last week's 65 00:03:41,680 --> 00:03:45,040 Speaker 1: come down another four hundred thousand this week. So that's 66 00:03:45,080 --> 00:03:47,720 Speaker 1: good an indication in terms of what's going on the 67 00:03:48,000 --> 00:03:53,000 Speaker 1: job market. So very interesting that the lack of attention 68 00:03:53,480 --> 00:03:57,800 Speaker 1: on the initial jobless claims is pretty much the news 69 00:03:58,080 --> 00:04:01,480 Speaker 1: as opposed to what the actual jobless claims were, So 70 00:04:01,520 --> 00:04:03,920 Speaker 1: I thought i'd point that out to you. In one 71 00:04:03,920 --> 00:04:06,560 Speaker 1: of the analysis, somebody came through with us to talking 72 00:04:06,560 --> 00:04:10,360 Speaker 1: about the Federal Reserve lea rates unchanged. We reported on 73 00:04:10,400 --> 00:04:13,680 Speaker 1: that last week, but they went in and they picked 74 00:04:13,680 --> 00:04:16,039 Speaker 1: out some of the things. Now, I didn't have a chance. 75 00:04:17,000 --> 00:04:19,919 Speaker 1: I can't stand listening to your own pow with his 76 00:04:20,120 --> 00:04:23,920 Speaker 1: pompous you know, the world is focused on me and 77 00:04:23,920 --> 00:04:27,520 Speaker 1: and otherwise I I've been a nobody, But now that 78 00:04:27,560 --> 00:04:31,080 Speaker 1: everybody's attention is focused on me, I am so wonderful 79 00:04:31,080 --> 00:04:33,080 Speaker 1: and so great. And he goes up there to a 80 00:04:33,160 --> 00:04:36,719 Speaker 1: podium and just has this this way about him that 81 00:04:36,920 --> 00:04:41,000 Speaker 1: just swarm me. I just I just don't like him 82 00:04:41,040 --> 00:04:45,159 Speaker 1: and his analysis of things I've never really appreciated. I 83 00:04:45,200 --> 00:04:47,279 Speaker 1: don't think he's a very good FED chairman. I've said 84 00:04:47,279 --> 00:04:50,039 Speaker 1: that all along. I think he's late, too late to 85 00:04:50,080 --> 00:04:53,480 Speaker 1: the game in terms of lower or raising interest rates 86 00:04:53,600 --> 00:04:56,080 Speaker 1: when inflation was out of control, which they said they're 87 00:04:56,120 --> 00:04:59,240 Speaker 1: supposed to control inflation, but they did nothing for a 88 00:04:59,279 --> 00:05:01,880 Speaker 1: year and a half, and then once Trump came into 89 00:05:01,880 --> 00:05:04,480 Speaker 1: office and inflations started coming down and we weren't hitting 90 00:05:04,480 --> 00:05:07,640 Speaker 1: those numbers from the Biden administration, He's been very reluctant, 91 00:05:07,800 --> 00:05:09,800 Speaker 1: to the point where I pointed out several times on 92 00:05:09,839 --> 00:05:14,240 Speaker 1: this program that our job that our interest rates are 93 00:05:14,600 --> 00:05:18,560 Speaker 1: one to two percent higher than other countries. As a 94 00:05:18,600 --> 00:05:19,920 Speaker 1: matter of fact, at the beginning of the week, we 95 00:05:20,000 --> 00:05:24,839 Speaker 1: talked about the Bank of the Bank of Japan, whose 96 00:05:25,279 --> 00:05:28,200 Speaker 1: prime rate, or their rate on their overnight funds like 97 00:05:28,240 --> 00:05:31,240 Speaker 1: this rate three point five to three point seventy five 98 00:05:31,279 --> 00:05:35,599 Speaker 1: that they left unchanged is point seven five in Japan. 99 00:05:35,960 --> 00:05:38,480 Speaker 1: So anyway, some of the things talking about the job 100 00:05:38,720 --> 00:05:41,880 Speaker 1: describing the pace of growth as solid as opposed to 101 00:05:42,200 --> 00:05:45,280 Speaker 1: they were calling it moderate. Throughout most of last year, 102 00:05:46,080 --> 00:05:50,360 Speaker 1: there were two dissensions in terms of the Board of Governors. 103 00:05:50,600 --> 00:05:56,200 Speaker 1: Two people of Christopher Waller and Stephen Myron wanted a 104 00:05:56,320 --> 00:06:00,159 Speaker 1: quarter percent interest rate reduction. Now what's interesting that that 105 00:06:00,320 --> 00:06:04,479 Speaker 1: vote was ten to two, and apparently Austin Goldsby, who 106 00:06:04,520 --> 00:06:10,720 Speaker 1: has been wanting actual interest rate increases, apparently went on 107 00:06:10,760 --> 00:06:13,360 Speaker 1: with the rest of the people and voted for just 108 00:06:13,480 --> 00:06:16,280 Speaker 1: holding interest rates the same. Now, Austin Goldsby, you may 109 00:06:16,400 --> 00:06:19,000 Speaker 1: remember I've talked about him on this program. He was 110 00:06:19,080 --> 00:06:23,880 Speaker 1: chairman of the Economic Advisors under Obama and wasn't an 111 00:06:24,200 --> 00:06:29,120 Speaker 1: economic advisor to Biden during his campaign and so on. 112 00:06:29,440 --> 00:06:35,520 Speaker 1: So he is very liberal and very politically motivated. He 113 00:06:35,680 --> 00:06:38,159 Speaker 1: claims that when you walk into the FED, you leave 114 00:06:38,200 --> 00:06:42,480 Speaker 1: your politics at the door. But this guy, you hear 115 00:06:42,520 --> 00:06:46,080 Speaker 1: him in interviews and whatever, he is still a radical 116 00:06:46,320 --> 00:06:50,400 Speaker 1: liberal and he is not I mean, if this crap 117 00:06:50,440 --> 00:06:54,520 Speaker 1: that they keep saying about the independence of the FED, No, 118 00:06:54,880 --> 00:06:57,320 Speaker 1: this guy, if he were in charge, would be very 119 00:06:57,440 --> 00:07:01,640 Speaker 1: much liberal and would politics would very much be in 120 00:07:01,680 --> 00:07:04,320 Speaker 1: the FED. So you know, when somebody is appointed to 121 00:07:04,360 --> 00:07:07,640 Speaker 1: the FED, either a Board of Governors or the FED chairman, 122 00:07:07,880 --> 00:07:10,680 Speaker 1: they're appointed by whoever the president is at that time, 123 00:07:11,200 --> 00:07:15,200 Speaker 1: and the president generally is going to appoint somebody that 124 00:07:15,400 --> 00:07:19,040 Speaker 1: is in line with his thinking, and anybody that he 125 00:07:19,080 --> 00:07:21,280 Speaker 1: gets a chance to appoint to that board would be 126 00:07:21,360 --> 00:07:25,000 Speaker 1: in line with his thinking. And so this whole business 127 00:07:25,000 --> 00:07:28,360 Speaker 1: to them calling this and saying that the Federal Reserve 128 00:07:28,640 --> 00:07:32,120 Speaker 1: is a political that politics should have nothing to do, 129 00:07:32,200 --> 00:07:35,800 Speaker 1: they should maintain their independence is crap because you got 130 00:07:35,840 --> 00:07:39,320 Speaker 1: political parties who's ever in office appointing them to that position. 131 00:07:39,720 --> 00:07:42,920 Speaker 1: So anyway, I rail on that, I could rail on 132 00:07:43,000 --> 00:07:46,720 Speaker 1: that for days on end. Official had dropped language pointing 133 00:07:46,720 --> 00:07:50,440 Speaker 1: to increase downside or risk to employment that had appeared 134 00:07:50,480 --> 00:07:53,880 Speaker 1: in the three previous comments or the three previous statements 135 00:07:53,880 --> 00:07:57,600 Speaker 1: when they lowered interest rates. They were all worried about. 136 00:07:57,600 --> 00:08:01,720 Speaker 1: The post meeting statements said jobs gains have remained low, 137 00:08:01,800 --> 00:08:06,840 Speaker 1: and the unemployment rate has been shown some signs of stabilizations. 138 00:08:07,400 --> 00:08:10,440 Speaker 1: As I mentioned, the officials dropped the language pointing to 139 00:08:10,680 --> 00:08:16,120 Speaker 1: increase downside to employment if these interest rates are go 140 00:08:16,240 --> 00:08:19,760 Speaker 1: down any further, they've dropped that language. Jerome Powell also 141 00:08:20,000 --> 00:08:24,200 Speaker 1: further talked about to that it talked up a clear 142 00:08:24,320 --> 00:08:28,080 Speaker 1: improvement was expected the US economy the year ahead, So 143 00:08:28,480 --> 00:08:31,600 Speaker 1: he is even on board saying the economy is looking strong. 144 00:08:31,960 --> 00:08:35,400 Speaker 1: The job market has stabilized and that the policy growth 145 00:08:35,520 --> 00:08:38,240 Speaker 1: or the policy makers in their statement marked the view 146 00:08:38,280 --> 00:08:41,320 Speaker 1: of the economy, described the pace of growth as solid, 147 00:08:41,760 --> 00:08:45,640 Speaker 1: whereas in the previous statements they had been calling it moderate. 148 00:08:45,960 --> 00:08:48,480 Speaker 1: So what we have been saying here on America's Struck 149 00:08:48,559 --> 00:08:52,000 Speaker 1: a Network, the Federal Reserve finally caught up to us, 150 00:08:52,280 --> 00:08:55,400 Speaker 1: but probably six eight months after we've been talking about 151 00:08:55,400 --> 00:08:59,120 Speaker 1: the strong economy. Let's not forget that back after the 152 00:08:59,200 --> 00:09:02,280 Speaker 1: Liberation Day on April the second, people were saying that 153 00:09:02,320 --> 00:09:05,560 Speaker 1: the gross domestic product would be lucky to be somewhere 154 00:09:05,600 --> 00:09:08,600 Speaker 1: between one point eight percent and two percent by the 155 00:09:08,679 --> 00:09:11,600 Speaker 1: end of the year. I said on this program numerous times, 156 00:09:11,640 --> 00:09:14,000 Speaker 1: even as far back as April, that I would not 157 00:09:14,080 --> 00:09:17,600 Speaker 1: be surprised to see if the gross domestic product was 158 00:09:17,640 --> 00:09:20,320 Speaker 1: somewhere between four and a half percent and five percent 159 00:09:20,400 --> 00:09:23,559 Speaker 1: by the end of the year. Last quarter revised up 160 00:09:23,600 --> 00:09:26,720 Speaker 1: to four point four. The Federal Reserve, now from Atlanta, 161 00:09:26,840 --> 00:09:29,480 Speaker 1: is saying that they expect the fourth quarter GDP to 162 00:09:29,520 --> 00:09:32,240 Speaker 1: be five point four. So, yes, I was wrong. I 163 00:09:32,320 --> 00:09:35,600 Speaker 1: missed it to the low side. I guess I should 164 00:09:35,600 --> 00:09:38,400 Speaker 1: have been a little bit more optimistic, but I'm certainly 165 00:09:38,440 --> 00:09:41,160 Speaker 1: a heck of a lot closer than the people that 166 00:09:41,200 --> 00:09:43,760 Speaker 1: were predicting was going to be one point eight percent. 167 00:09:44,120 --> 00:09:47,920 Speaker 1: It's on target to be five point four percent. That 168 00:09:48,120 --> 00:09:51,520 Speaker 1: is unbelievable. And they're finally coming around. They're saying they're 169 00:09:51,640 --> 00:09:56,200 Speaker 1: very more and comfortable with the news that is coming out, 170 00:09:56,320 --> 00:10:00,240 Speaker 1: the economic data that they're looking at, and so they're 171 00:10:00,360 --> 00:10:03,320 Speaker 1: very comfortable with where the economy is heading and where 172 00:10:03,320 --> 00:10:05,959 Speaker 1: it is right now. Whereas it would have been nice 173 00:10:06,080 --> 00:10:08,319 Speaker 1: if they would have been talking about that back then 174 00:10:08,440 --> 00:10:12,360 Speaker 1: and recognized the signs back in April, May, June, July, August, 175 00:10:12,480 --> 00:10:16,000 Speaker 1: so that all this nonsense about people worried about the economy, 176 00:10:16,160 --> 00:10:18,840 Speaker 1: whether or not jobs are strong, whether or not the 177 00:10:18,840 --> 00:10:22,319 Speaker 1: economy itself is strong. That could have been laid to 178 00:10:22,360 --> 00:10:25,520 Speaker 1: rest by the Federal Reserve if they were good at 179 00:10:25,559 --> 00:10:28,720 Speaker 1: their job. I'm Kevin Gordon, america'struck A Network seven hundred 180 00:10:28,960 --> 00:10:39,960 Speaker 1: Wlw'm Kevin Gordon, americastruck a Network, seven hundred WLW. This 181 00:10:40,160 --> 00:10:45,000 Speaker 1: headline caught my eye. What tariffs the question mark? Toyota 182 00:10:45,080 --> 00:10:49,959 Speaker 1: hits record sales in twenty twenty five despite Trump's auto levees, 183 00:10:50,000 --> 00:10:53,480 Speaker 1: and of course they're now calling them levees instead of terriffs, 184 00:10:53,480 --> 00:10:58,800 Speaker 1: because you know, the terriff just has Even even Jerome 185 00:10:59,000 --> 00:11:03,680 Speaker 1: Powell yesterday said that any bump in inflation as a 186 00:11:03,720 --> 00:11:08,880 Speaker 1: result of tariffs has already gone. It's a one off, 187 00:11:08,960 --> 00:11:11,600 Speaker 1: it's you know, it's a one time deal, and that 188 00:11:12,080 --> 00:11:16,280 Speaker 1: those tariffs are already factored into the various prices and 189 00:11:16,400 --> 00:11:19,440 Speaker 1: have been so for a number of months. Why the 190 00:11:19,559 --> 00:11:23,000 Speaker 1: hell didn't he say that a few months ago? Why 191 00:11:23,040 --> 00:11:26,719 Speaker 1: didn't he say anything about the tariffs not showing they 192 00:11:26,760 --> 00:11:29,320 Speaker 1: were kept They kept in their comments, They kept saying 193 00:11:29,360 --> 00:11:33,960 Speaker 1: stuff like, even though we don't see tariffs affecting inflation 194 00:11:34,200 --> 00:11:38,200 Speaker 1: at this point, the possibility that it will increase inflation 195 00:11:38,640 --> 00:11:41,440 Speaker 1: is still there and we are waiting for more data 196 00:11:41,480 --> 00:11:44,920 Speaker 1: in order to come out with that. Well, now, in hindsight, 197 00:11:45,240 --> 00:11:48,240 Speaker 1: they are saying that, well, the tariffs, whatever affected it 198 00:11:48,679 --> 00:11:52,760 Speaker 1: affected had on the inflation, is already baked into the numbers. 199 00:11:53,040 --> 00:11:56,360 Speaker 1: And let me remind you once again what they say 200 00:11:56,400 --> 00:11:59,280 Speaker 1: about economists, and of course the Federal Reserve is filled 201 00:11:59,320 --> 00:12:02,360 Speaker 1: with a bunch of anonymous. An economist is an expert 202 00:12:02,360 --> 00:12:05,800 Speaker 1: who will know tomorrow why the things that he predicted 203 00:12:05,880 --> 00:12:10,080 Speaker 1: yesterday didn't happen today. So all this talk last year 204 00:12:10,160 --> 00:12:13,520 Speaker 1: about rampant inflation, that inflation was going to be increased 205 00:12:13,520 --> 00:12:16,920 Speaker 1: by a result of tariffs. They were predicting that. Now 206 00:12:16,960 --> 00:12:20,400 Speaker 1: they're telling you today why it didn't happen what they 207 00:12:20,440 --> 00:12:24,280 Speaker 1: predicted back then. Isn't that amazing? Even though you know, 208 00:12:24,360 --> 00:12:26,079 Speaker 1: if they would have picked, well, if they would have 209 00:12:26,080 --> 00:12:29,720 Speaker 1: had my college professor for economics and maybe paid attention 210 00:12:29,840 --> 00:12:34,080 Speaker 1: to Kevin O'Leary from Shark Tank and a couple of 211 00:12:34,120 --> 00:12:38,720 Speaker 1: the newscasters and the people from Fox Business News, Phil 212 00:12:38,840 --> 00:12:41,839 Speaker 1: Flynn of Price Futures Group, and maybe paid attention to 213 00:12:41,880 --> 00:12:44,480 Speaker 1: the America's Struck A network, maybe they wouldn't have fought 214 00:12:44,480 --> 00:12:48,480 Speaker 1: in terms of the inflation being caused by terriffs, that 215 00:12:48,520 --> 00:12:51,679 Speaker 1: the inflation is caused by out of control government spending. 216 00:12:51,960 --> 00:12:56,439 Speaker 1: And so, of course Larry Kudlow, again from Fox Businesses, 217 00:12:56,760 --> 00:13:00,480 Speaker 1: was also on board saying that tariffs don't the lead 218 00:13:00,520 --> 00:13:04,360 Speaker 1: to inflation. So again, but anyway, terras Uh Toyota hits 219 00:13:04,440 --> 00:13:09,040 Speaker 1: record sales twenty twenty five. Despite Trump's auto levies, Toya 220 00:13:09,040 --> 00:13:11,839 Speaker 1: Motor Company has retained its position that's a world's top 221 00:13:12,000 --> 00:13:15,280 Speaker 1: selling automaker in twenty twenty five, posting record sales of 222 00:13:15,360 --> 00:13:19,800 Speaker 1: ten point five million units. The Japanese automakers said on Thursday, 223 00:13:20,120 --> 00:13:24,199 Speaker 1: sales of Toyota and its luxury Lexus Marquis rose three 224 00:13:24,240 --> 00:13:29,040 Speaker 1: point seven percent from the year earlier, edging out Volkswagen 225 00:13:29,440 --> 00:13:31,440 Speaker 1: they only had that well, they had nine millions, so 226 00:13:31,760 --> 00:13:33,599 Speaker 1: at ten point five they were a million and a 227 00:13:33,640 --> 00:13:38,439 Speaker 1: half units higher than what Volkswagen did, and Hyundai at 228 00:13:38,480 --> 00:13:42,960 Speaker 1: seven point two seven million ins. Notably, demand was buoyed 229 00:13:43,000 --> 00:13:45,800 Speaker 1: by the strong US sales of hybrid vehicles such as 230 00:13:45,840 --> 00:13:49,320 Speaker 1: the Prius and Rav four Toyda. Strength the US came 231 00:13:49,360 --> 00:13:54,720 Speaker 1: despite an aggressive teriff regime regime. Mind you regime, it's 232 00:13:54,840 --> 00:13:57,560 Speaker 1: it's a horrible you know, they're they're they're terrible. This 233 00:13:57,679 --> 00:14:01,360 Speaker 1: regime rolled out by the US President Donald Trump, who 234 00:14:01,400 --> 00:14:06,240 Speaker 1: initially imposed twenty five percent tariffs on Japanese automotives before 235 00:14:06,280 --> 00:14:10,760 Speaker 1: reducing them to ten fifteen percent. In the US, Toyota 236 00:14:11,120 --> 00:14:15,600 Speaker 1: and Lexus vehicle sales climbed seven point three percent. Now 237 00:14:15,640 --> 00:14:19,280 Speaker 1: this is interesting. Stop me if you've heard this before, 238 00:14:19,640 --> 00:14:23,400 Speaker 1: and what the possibility of why terifs won't add to inflation. 239 00:14:23,920 --> 00:14:28,400 Speaker 1: The revolt the results reflect in Toyota's strategy of absorbing 240 00:14:29,000 --> 00:14:33,160 Speaker 1: tariff related costs rather than passing them on to consumers 241 00:14:33,440 --> 00:14:39,240 Speaker 1: through broad price hikes, while focusing on local production and 242 00:14:39,480 --> 00:14:43,880 Speaker 1: other cost controls. What I've been saying on this program 243 00:14:44,080 --> 00:14:48,000 Speaker 1: basically from day one Liberation day, is that you have 244 00:14:48,120 --> 00:14:52,280 Speaker 1: got various layers where tariffs can be absorbed. You've got 245 00:14:52,280 --> 00:14:56,120 Speaker 1: the producer on the other end who has low wages 246 00:14:57,080 --> 00:15:00,760 Speaker 1: subsidized by the government, so their profit margins on what 247 00:15:00,880 --> 00:15:05,200 Speaker 1: they manufacture and then sell to the ex borders is wide. 248 00:15:05,560 --> 00:15:10,000 Speaker 1: So in order to keep their customers satisfied and keep 249 00:15:10,040 --> 00:15:13,200 Speaker 1: their market share, they may absorb some of those margins. 250 00:15:13,520 --> 00:15:16,960 Speaker 1: The ex border may absorb some of those margins. Then 251 00:15:17,040 --> 00:15:19,920 Speaker 1: the importer on their end, in order to sell it 252 00:15:19,960 --> 00:15:23,040 Speaker 1: to the retailers on this end of the end of 253 00:15:23,040 --> 00:15:26,520 Speaker 1: the ocean, they may absorb some of it. The wholesalers 254 00:15:26,720 --> 00:15:29,160 Speaker 1: may absorb some of it before it gets to the 255 00:15:29,240 --> 00:15:32,320 Speaker 1: retail and then the retail companies may absorb some of 256 00:15:32,360 --> 00:15:35,160 Speaker 1: it not raise their prices before it even gets to us, 257 00:15:35,280 --> 00:15:38,280 Speaker 1: and we see no effect in terms of tariffs. So 258 00:15:38,680 --> 00:15:43,320 Speaker 1: here is an example where tariffs have been absorbed by Toyota, 259 00:15:43,600 --> 00:15:46,920 Speaker 1: which I believe was mentioned on this program several times 260 00:15:47,240 --> 00:15:50,160 Speaker 1: if you were paying attention. While the company estimated in 261 00:15:50,200 --> 00:15:53,560 Speaker 1: November that US tariff would still cost it one point 262 00:15:53,720 --> 00:15:58,680 Speaker 1: four to five trillion yen, which sounds like a lot, 263 00:15:58,880 --> 00:16:02,720 Speaker 1: but it basically winds nine point seven billion, and the 264 00:16:02,720 --> 00:16:07,840 Speaker 1: fiscal year ended March to twenty six. As far as Hyundai, 265 00:16:08,280 --> 00:16:11,040 Speaker 1: this was this number jumped out on me when I 266 00:16:11,120 --> 00:16:13,640 Speaker 1: saw it a first, I kind of breezed by it, 267 00:16:13,680 --> 00:16:16,400 Speaker 1: and I was thinking that, okay, they were talking in 268 00:16:16,480 --> 00:16:19,520 Speaker 1: terms of dollars as opposed to what the South Korean 269 00:16:19,560 --> 00:16:24,760 Speaker 1: currency is. It's spelled as one won. I'm assuming that 270 00:16:24,760 --> 00:16:27,960 Speaker 1: that's the way it's pronounced one or something like that. However, 271 00:16:28,000 --> 00:16:31,720 Speaker 1: it's operating profit. Hundai took an operating hit following nineteen 272 00:16:31,760 --> 00:16:35,200 Speaker 1: point five percent of the previous year, with levies costing 273 00:16:35,360 --> 00:16:39,920 Speaker 1: the South Korean automaker four point one trillion wan, which 274 00:16:39,960 --> 00:16:43,240 Speaker 1: basically boils down to two point eight billion. So even 275 00:16:43,520 --> 00:16:47,360 Speaker 1: Hyundai themselves, trying to maintain their market share in the 276 00:16:47,440 --> 00:16:51,080 Speaker 1: United States being more concerned about selling their product than 277 00:16:51,120 --> 00:16:54,160 Speaker 1: making huge problems, and that kind of tells you how 278 00:16:54,240 --> 00:16:57,400 Speaker 1: much profits they are making that they can afford to 279 00:16:57,480 --> 00:17:02,080 Speaker 1: absorb those price increases or those tariff increases, just to 280 00:17:02,120 --> 00:17:05,120 Speaker 1: make sure that they keep their market share. South Korea 281 00:17:05,160 --> 00:17:08,000 Speaker 1: and the US agreed to trade last year where they 282 00:17:08,040 --> 00:17:11,199 Speaker 1: would reduce those terriffs down to fifteen percent, but then 283 00:17:11,280 --> 00:17:15,679 Speaker 1: because the legislature there was not getting cooperation as far 284 00:17:15,760 --> 00:17:18,680 Speaker 1: as with the Trump administration in terms of reducing their 285 00:17:18,720 --> 00:17:22,399 Speaker 1: trade barriers over there, he bumped that back up to 286 00:17:22,720 --> 00:17:25,120 Speaker 1: twenty five percent. But now that's going to probably come 287 00:17:25,160 --> 00:17:28,080 Speaker 1: back down. Hyundai sales in the US are more reliant 288 00:17:28,080 --> 00:17:31,240 Speaker 1: on imports because they don't do a lot of manufacturing here. 289 00:17:31,760 --> 00:17:35,720 Speaker 1: Toyota is not as much affected by the terriffs because 290 00:17:35,880 --> 00:17:38,840 Speaker 1: some of their well good percentage of their manufacturing is 291 00:17:38,880 --> 00:17:41,480 Speaker 1: done here in the United States, and they've recognized the 292 00:17:41,480 --> 00:17:43,280 Speaker 1: fact that, well, if we're going to be selling in 293 00:17:43,280 --> 00:17:45,560 Speaker 1: that country, maybe we ought to put some of our 294 00:17:45,600 --> 00:17:49,560 Speaker 1: plants there, cut down on the transportation fees and the 295 00:17:49,600 --> 00:17:53,119 Speaker 1: expense of actually moving these vehicles across an ocean, and 296 00:17:53,200 --> 00:17:56,000 Speaker 1: maybe provide some jobs in the United States for the 297 00:17:56,040 --> 00:17:58,560 Speaker 1: people that are going to be driving their vehicles, which 298 00:17:58,600 --> 00:18:01,720 Speaker 1: has proved to be a pretty smart move. I saw 299 00:18:01,800 --> 00:18:04,600 Speaker 1: this was was interesting too. Well, I'm just gonna go 300 00:18:04,640 --> 00:18:06,480 Speaker 1: and talk about the story and then I'll tell you 301 00:18:06,560 --> 00:18:08,639 Speaker 1: the backdrop of this or I don't know if you 302 00:18:08,680 --> 00:18:13,520 Speaker 1: saw anything about this. Actor ed Edward Norton promotes ship 303 00:18:13,640 --> 00:18:18,960 Speaker 1: emission cutting tech. Actor filmmaker Edward Norton visited the state 304 00:18:19,040 --> 00:18:24,040 Speaker 1: Capitol in Sacramento, California, on January twenty seventh to promote 305 00:18:24,080 --> 00:18:29,240 Speaker 1: his company's clean air technology that captures ship emissions. Speaking 306 00:18:29,280 --> 00:18:32,040 Speaker 1: with senators during the break of the regular session, Norton 307 00:18:32,080 --> 00:18:35,440 Speaker 1: and said Stax Engineering, where he is a founding partner, 308 00:18:35,760 --> 00:18:39,280 Speaker 1: developed a system that captures ship exhausts while vessels are 309 00:18:39,280 --> 00:18:44,880 Speaker 1: docked in California ports, helping the shipping industry to quote, 310 00:18:45,160 --> 00:18:49,919 Speaker 1: eliminate their emissions that are toxifying our urban centers and 311 00:18:50,400 --> 00:18:55,600 Speaker 1: be compliant with the air quality regulations in California. California 312 00:18:55,720 --> 00:18:59,680 Speaker 1: at Birth rules forces many lard ships to sharply limit 313 00:18:59,720 --> 00:19:02,439 Speaker 1: their missions while they are tied up to the docks 314 00:19:02,440 --> 00:19:05,880 Speaker 1: for loading or unloading in order to cut harmful pollution. 315 00:19:06,080 --> 00:19:09,399 Speaker 1: Instead of keeping their engines running, ships must either plug 316 00:19:09,440 --> 00:19:13,439 Speaker 1: into electricity at the dock or used approved machines that 317 00:19:13,560 --> 00:19:17,600 Speaker 1: capture diesel exhaust before it reaches the air. Describing this 318 00:19:17,640 --> 00:19:22,000 Speaker 1: as as Edward Norton quote, We've been servicing container vessels, 319 00:19:22,040 --> 00:19:25,600 Speaker 1: auto carriers, oil tankers in five different ports up and 320 00:19:25,640 --> 00:19:29,000 Speaker 1: down the state and work closely with CARB and that's 321 00:19:29,040 --> 00:19:33,280 Speaker 1: an acronym for California Air Resources Board and with the 322 00:19:33,359 --> 00:19:37,879 Speaker 1: shipping industry. According to the company's website, Stacks uses a 323 00:19:38,000 --> 00:19:42,080 Speaker 1: long crane arm that reaches up to the docks docked 324 00:19:42,160 --> 00:19:47,240 Speaker 1: ships Smokestacks seals over its pipes and directs the emissions 325 00:19:47,240 --> 00:19:52,080 Speaker 1: into its equipment, where pollutants like diesel, particular particles and 326 00:19:52,200 --> 00:19:57,399 Speaker 1: nitrogen oxides are removed before the clean glass, cleaned, clean 327 00:19:57,600 --> 00:20:03,920 Speaker 1: gases are released. Our ultimate goal is to capture one percent, 328 00:20:04,520 --> 00:20:07,400 Speaker 1: which I thought was kind of funny. Our ultimate goal 329 00:20:07,480 --> 00:20:11,760 Speaker 1: is to capture one percent of the global emissions causing 330 00:20:11,880 --> 00:20:15,520 Speaker 1: climate change and prevent them from getting into the atmosphere. 331 00:20:15,680 --> 00:20:18,000 Speaker 1: He spoke with them, and Orton, of course, is a 332 00:20:18,040 --> 00:20:21,320 Speaker 1: famous actors roles include Fight Club, Primal Fear, and The 333 00:20:21,320 --> 00:20:24,080 Speaker 1: Incredible Hulk. Well, he doesn't really have to worry about 334 00:20:24,080 --> 00:20:26,919 Speaker 1: whether or not they're capturing these emissions, because if he 335 00:20:27,000 --> 00:20:30,960 Speaker 1: gets his way, there won't be any trade. Because there 336 00:20:31,040 --> 00:20:34,560 Speaker 1: was a story yesterday where he was doing his Hollywood 337 00:20:34,600 --> 00:20:37,720 Speaker 1: elites and says, you know, with what's going on in Minneapolis, 338 00:20:37,720 --> 00:20:39,639 Speaker 1: what we need to do now is we need to 339 00:20:39,680 --> 00:20:43,040 Speaker 1: have an economic strike where people don't spend any money. Well, 340 00:20:43,040 --> 00:20:46,240 Speaker 1: that's great for you in your gated community with your 341 00:20:46,320 --> 00:20:48,919 Speaker 1: pampered living and that sort of thing, because you're not 342 00:20:49,000 --> 00:20:52,480 Speaker 1: affected by crime. You're living in a gated community, you're 343 00:20:52,560 --> 00:20:56,600 Speaker 1: protected by security guards and all this. But the rest 344 00:20:56,640 --> 00:20:58,600 Speaker 1: of us who are concerned about the crime on the 345 00:20:58,600 --> 00:21:02,920 Speaker 1: streets and so on, want this issue resolved. And so 346 00:21:03,200 --> 00:21:07,080 Speaker 1: in support of the migrants in Minneapolis, we need to 347 00:21:07,119 --> 00:21:09,680 Speaker 1: stop spending money. In other words, what we're supposed to 348 00:21:09,680 --> 00:21:12,560 Speaker 1: stop eating, Well, let's do that, because then there won't 349 00:21:12,560 --> 00:21:15,280 Speaker 1: be any ships in California for him to spend his 350 00:21:15,400 --> 00:21:18,600 Speaker 1: money or his company to make money to capture these emissions, 351 00:21:18,600 --> 00:21:21,080 Speaker 1: because they won't be there. I'm Kevin Gordon, America's struck 352 00:21:21,160 --> 00:21:25,040 Speaker 1: In Network, seven hundred WLW. 353 00:21:29,000 --> 00:21:31,320 Speaker 2: Here's your trucking forecast for the Try State and the 354 00:21:31,359 --> 00:21:33,879 Speaker 2: rest of the country and the Try State. Overnight mostly 355 00:21:33,920 --> 00:21:36,639 Speaker 2: Claudi the low down two three degrees, partly Sunday Friday, 356 00:21:36,640 --> 00:21:39,800 Speaker 2: the high year twenty going into the weekend Saturday, mostly 357 00:21:39,800 --> 00:21:42,840 Speaker 2: sunny highs only in the mid teens Sunday. Sunday a 358 00:21:42,960 --> 00:21:46,200 Speaker 2: high of twenty two. Nationally, the southeast and mid Atlantic 359 00:21:46,240 --> 00:21:49,080 Speaker 2: expected to see a major winter storm starting Friday, rain 360 00:21:49,160 --> 00:21:53,160 Speaker 2: and stow continuing in the Pacific Northwest and Interra Mountain West. Meanwhile, 361 00:21:53,240 --> 00:21:55,679 Speaker 2: cold weather expected to continue throughout much of the eastern 362 00:21:55,720 --> 00:21:57,560 Speaker 2: half of the country through the weekend. 363 00:22:00,080 --> 00:22:03,800 Speaker 1: Seven hundred w lw IM Kevin Gordon. As America struck 364 00:22:03,840 --> 00:22:06,919 Speaker 1: a network, we also got some influences. I told you 365 00:22:06,960 --> 00:22:09,200 Speaker 1: we had a lot of news to get to US 366 00:22:09,200 --> 00:22:13,160 Speaker 1: class eight truck sales in the year with a sequential boost. 367 00:22:13,960 --> 00:22:15,760 Speaker 1: We'll get into that here and say, oh, by the way, 368 00:22:15,840 --> 00:22:18,240 Speaker 1: if you miss any of our program or any of 369 00:22:18,280 --> 00:22:20,919 Speaker 1: our segments, hit up that iHeartRadio app brought to you 370 00:22:20,960 --> 00:22:24,000 Speaker 1: to buy your friends at Rush Truck Centers US. As 371 00:22:24,000 --> 00:22:26,080 Speaker 1: I said, US class eight truck sales end the year 372 00:22:26,119 --> 00:22:29,600 Speaker 1: with sequential boost. Now, it's always interesting when you read 373 00:22:29,600 --> 00:22:34,760 Speaker 1: these stories because within there they talk about a sequential boost, 374 00:22:35,000 --> 00:22:38,600 Speaker 1: which would be the previous month to this month. Then 375 00:22:38,640 --> 00:22:41,440 Speaker 1: they do a year to year comparison for the month 376 00:22:41,480 --> 00:22:44,440 Speaker 1: of December to December of last year, and then they 377 00:22:44,480 --> 00:22:47,600 Speaker 1: go into and say, well for the entire year, here's 378 00:22:47,640 --> 00:22:52,679 Speaker 1: what the numbers are. Now. The problem that creates, and 379 00:22:52,720 --> 00:22:56,680 Speaker 1: I pointed out on a regular basis, is that ever 380 00:22:56,760 --> 00:23:01,640 Speaker 1: since the pandemic thing this have been knocked off their 381 00:23:02,040 --> 00:23:06,119 Speaker 1: normal schedule. Things that you would expect economic reports that 382 00:23:06,160 --> 00:23:10,520 Speaker 1: you would need to see, or sales results or people 383 00:23:10,640 --> 00:23:13,159 Speaker 1: buying stuff at certain times of the year. Something that 384 00:23:13,200 --> 00:23:16,080 Speaker 1: you would expect to happen in January is now happening 385 00:23:16,080 --> 00:23:19,359 Speaker 1: in February or March. Something that normally would happen in 386 00:23:19,400 --> 00:23:22,840 Speaker 1: March might happen in January. So if you're doing a 387 00:23:23,000 --> 00:23:26,360 Speaker 1: month to month comparison from one year to the next, 388 00:23:26,680 --> 00:23:28,680 Speaker 1: you know, if you're comparing January of this year to 389 00:23:28,760 --> 00:23:31,480 Speaker 1: January of last year, you may not get a very 390 00:23:31,520 --> 00:23:35,600 Speaker 1: good comparison. But if you're comparing this month to next month, 391 00:23:35,760 --> 00:23:38,919 Speaker 1: that's a little bit better. But it's probably best that 392 00:23:38,960 --> 00:23:41,520 Speaker 1: you go out, maybe over a six month period of time, 393 00:23:41,720 --> 00:23:43,920 Speaker 1: to see those peaks and valleys, to see if they've 394 00:23:43,960 --> 00:23:46,280 Speaker 1: evened out as a result of the way things have 395 00:23:46,359 --> 00:23:49,639 Speaker 1: been disrupted, so to speak, as a result of the pandemic. 396 00:23:49,960 --> 00:23:54,200 Speaker 1: So I'll try to be as clear here as I'm 397 00:23:54,240 --> 00:23:57,800 Speaker 1: talking about that US Class eight truck sales capped off 398 00:23:57,880 --> 00:24:01,440 Speaker 1: what was been generally a down year with a sequential 399 00:24:01,560 --> 00:24:07,879 Speaker 1: boost in December, according to data from Omdia Automotive. In 400 00:24:07,920 --> 00:24:11,960 Speaker 1: other words, they had a sequential increase from November sales 401 00:24:12,000 --> 00:24:16,440 Speaker 1: into December. The results showed that sales declined nine point 402 00:24:16,640 --> 00:24:21,600 Speaker 1: six percent from the units that were sold the year earlier, 403 00:24:21,960 --> 00:24:25,720 Speaker 1: so even though they were higher than November, they were 404 00:24:25,840 --> 00:24:29,280 Speaker 1: nine point six percent less than they were in December 405 00:24:29,359 --> 00:24:32,800 Speaker 1: of last year, So that's kind of weird the way 406 00:24:32,840 --> 00:24:35,840 Speaker 1: they do that. Monthly sales have trended below the previous 407 00:24:35,880 --> 00:24:39,240 Speaker 1: year since June, but the latest sales figure were also 408 00:24:39,440 --> 00:24:45,040 Speaker 1: up sixty two percent from November, so November sales to 409 00:24:45,320 --> 00:24:50,560 Speaker 1: December went up sixty two percent, but overall from comparison 410 00:24:50,600 --> 00:24:53,320 Speaker 1: to last year they were down nine percent, and for 411 00:24:53,400 --> 00:24:58,280 Speaker 1: the entire year were down were they down thirteen percent 412 00:24:58,560 --> 00:25:01,520 Speaker 1: over the entire year, So it's been kind of a 413 00:25:01,600 --> 00:25:04,760 Speaker 1: choppy road, but things picked up a little bit towards 414 00:25:04,800 --> 00:25:07,880 Speaker 1: the end of the year. So again, year to date 415 00:25:07,960 --> 00:25:11,400 Speaker 1: sales are down thirteen point three percent from the previous 416 00:25:11,480 --> 00:25:14,879 Speaker 1: the entire twelve months of last year. According to ACT 417 00:25:14,960 --> 00:25:19,240 Speaker 1: Research Vice president Steve TAM. Now, of course, ACT stands 418 00:25:19,280 --> 00:25:24,040 Speaker 1: for America's Commercial Transportation Research Company ACT Research Steve Tam. 419 00:25:24,520 --> 00:25:28,520 Speaker 1: As far as the longer term comparisons year over year comparisons, 420 00:25:28,680 --> 00:25:31,239 Speaker 1: that's very much in line with what our thinking was, 421 00:25:31,720 --> 00:25:34,720 Speaker 1: very much in line with expectations, and that all goes 422 00:25:34,800 --> 00:25:37,960 Speaker 1: back to all the things that we've talked about so 423 00:25:38,119 --> 00:25:41,400 Speaker 1: far this year. We've got teriff issues, we've got inflation 424 00:25:41,520 --> 00:25:46,080 Speaker 1: issues from truck or profitability perspective. The companies just haven't 425 00:25:46,080 --> 00:25:48,919 Speaker 1: been able the ability to purchase equipment the way they 426 00:25:48,960 --> 00:25:52,160 Speaker 1: would like. They've held onto their trucks longer, and they've 427 00:25:52,200 --> 00:25:55,760 Speaker 1: been aging their fleets again. But of course he won't 428 00:25:55,800 --> 00:25:57,600 Speaker 1: talk about it, but we'll talk about it here in 429 00:25:57,680 --> 00:26:02,359 Speaker 1: americastruct A Network. Not forget the interest rates. Let's not 430 00:26:02,520 --> 00:26:05,080 Speaker 1: forget that it's somebody going out to buy a truck. 431 00:26:05,280 --> 00:26:07,399 Speaker 1: Chances are they don't have you know, each one of 432 00:26:07,440 --> 00:26:09,159 Speaker 1: these trucks. For you people that are not in the 433 00:26:09,200 --> 00:26:11,560 Speaker 1: business now, you and the business that are driving out 434 00:26:11,560 --> 00:26:15,680 Speaker 1: there right now, you know this. But the tractor trailers 435 00:26:15,800 --> 00:26:19,280 Speaker 1: are the new tractor trailers go from anywhere from one 436 00:26:19,359 --> 00:26:22,320 Speaker 1: hundred and eighty thousand dollars up to two hundred and 437 00:26:22,400 --> 00:26:26,000 Speaker 1: forty and beyond. So who is sitting around with two 438 00:26:26,080 --> 00:26:28,680 Speaker 1: hundred and forty thousand dollars in their pocket. They can 439 00:26:28,680 --> 00:26:31,840 Speaker 1: go into a truck dealership and say, guess what, I 440 00:26:31,880 --> 00:26:34,440 Speaker 1: want to buy that truck. Here's the money. No, they're 441 00:26:34,440 --> 00:26:36,679 Speaker 1: going to finance that. And if finance rates are up 442 00:26:36,720 --> 00:26:39,160 Speaker 1: around six seven eight percent, then they're going to take 443 00:26:39,160 --> 00:26:41,480 Speaker 1: a look at that on their return on investment the 444 00:26:41,640 --> 00:26:45,320 Speaker 1: ROI and say, gee, you know, is that going to 445 00:26:45,520 --> 00:26:47,399 Speaker 1: work out for me? With the interest rate that I'm 446 00:26:47,400 --> 00:26:49,080 Speaker 1: gonna have to pay, the monthly payment I'm gonna have 447 00:26:49,160 --> 00:26:51,080 Speaker 1: to make on that, then the amount of volume that 448 00:26:51,119 --> 00:26:53,040 Speaker 1: I have to do, is that going to turn a 449 00:26:53,040 --> 00:26:55,800 Speaker 1: profit for me? And as we talked about last year 450 00:26:55,840 --> 00:26:58,720 Speaker 1: towards the end with that section one seventy nine depreciation, 451 00:26:59,119 --> 00:27:01,440 Speaker 1: which by the way, was in the one Big Beautiful 452 00:27:01,440 --> 00:27:04,719 Speaker 1: Bill that hardly anybody is giving Trump credit on, but 453 00:27:04,800 --> 00:27:08,080 Speaker 1: the Big Beautiful Bill put that into effect or codified 454 00:27:08,080 --> 00:27:11,040 Speaker 1: the data as far as section one seventy nine depreciation 455 00:27:11,400 --> 00:27:13,960 Speaker 1: that you can take the entire cost of that vehicle 456 00:27:14,240 --> 00:27:17,200 Speaker 1: and depreciate it all in one year rather than taking 457 00:27:17,359 --> 00:27:21,240 Speaker 1: one fifth of it or whatever, and writing that over 458 00:27:21,280 --> 00:27:23,439 Speaker 1: a five or six year period of time. So if 459 00:27:23,480 --> 00:27:25,800 Speaker 1: you can take that deduction in one year, then that 460 00:27:25,840 --> 00:27:29,959 Speaker 1: reduces your cost and therefore your profit on paper, and 461 00:27:30,000 --> 00:27:33,080 Speaker 1: you put more money in your pocket. So what I 462 00:27:33,119 --> 00:27:36,280 Speaker 1: was talking about last year, and with the section one 463 00:27:36,359 --> 00:27:40,360 Speaker 1: seventy nine still into effect because of the one big 464 00:27:40,400 --> 00:27:43,879 Speaker 1: beautiful bill, you have to take in consideration. Okay, do 465 00:27:43,960 --> 00:27:47,040 Speaker 1: I age my truck out? Do I run the risk 466 00:27:47,119 --> 00:27:50,760 Speaker 1: of spending time in the shop unproductive hours where the 467 00:27:50,800 --> 00:27:53,400 Speaker 1: truck is being repaired, So I'm not earning money off 468 00:27:53,400 --> 00:27:56,719 Speaker 1: of that. But then when you offset those costs or 469 00:27:56,760 --> 00:28:00,360 Speaker 1: that lost revenue against the higher interest rates that you'd 470 00:28:00,400 --> 00:28:04,640 Speaker 1: be paying and the installment payment that you'd be making 471 00:28:04,680 --> 00:28:07,480 Speaker 1: on that, you have to even that out. But then 472 00:28:07,640 --> 00:28:11,040 Speaker 1: when you factor into that one seventy nine depreciation, what 473 00:28:11,119 --> 00:28:13,439 Speaker 1: that does to your profitability during the year. And that's 474 00:28:13,480 --> 00:28:16,160 Speaker 1: why I stress that if you do have a tax 475 00:28:16,160 --> 00:28:19,280 Speaker 1: attorney or a tax accountant that prepares your work or 476 00:28:19,520 --> 00:28:22,520 Speaker 1: it may pay, it may be beneficial to you to 477 00:28:22,600 --> 00:28:24,919 Speaker 1: spend a couple one hundred bucks to go see a 478 00:28:25,000 --> 00:28:27,800 Speaker 1: tax advisor and to see what works out. They can 479 00:28:27,920 --> 00:28:30,159 Speaker 1: lay the stuff out on paper, they can tell you 480 00:28:30,240 --> 00:28:32,159 Speaker 1: what kind of makes a sense for you and you 481 00:28:32,200 --> 00:28:35,480 Speaker 1: can balance the two. Again, you're talking about do I 482 00:28:35,560 --> 00:28:40,200 Speaker 1: worry about higher maintenance costs versus lower maintenance costs and 483 00:28:40,320 --> 00:28:43,400 Speaker 1: higher interest rates? But then I think the key is 484 00:28:43,400 --> 00:28:45,280 Speaker 1: is that if you factor in that one seventy nine 485 00:28:45,320 --> 00:28:47,760 Speaker 1: where you can depreciate it all in one year, that 486 00:28:47,840 --> 00:28:49,520 Speaker 1: might make the difference as to whether or not you 487 00:28:49,600 --> 00:28:52,600 Speaker 1: pull the trigger on that purchase or not. So again, 488 00:28:53,160 --> 00:28:55,640 Speaker 1: what's going on as far as the truck sales are concerned, 489 00:28:55,720 --> 00:28:58,800 Speaker 1: But he doesn't mention interest rates in his discussion in 490 00:28:58,880 --> 00:29:02,560 Speaker 1: terms of what is factoring in as to why people 491 00:29:02,600 --> 00:29:05,000 Speaker 1: are hanging onto the trucks a little bit longer. Tam 492 00:29:05,040 --> 00:29:08,160 Speaker 1: also isn't surprised by the sequential jump. He noted the 493 00:29:08,200 --> 00:29:10,960 Speaker 1: capital budgets tend to flow more freely at the end 494 00:29:10,960 --> 00:29:14,160 Speaker 1: of the year as companies wrap up spending. He sees 495 00:29:14,200 --> 00:29:17,360 Speaker 1: an increase in prior years. Typically we're closer to twenty percent. 496 00:29:18,040 --> 00:29:20,640 Speaker 1: You also got your section one seventy nine depreciation what 497 00:29:20,840 --> 00:29:24,280 Speaker 1: I just talked about. Then, also a favorable tax treatment 498 00:29:24,320 --> 00:29:27,480 Speaker 1: from the new tax policy with the current administration allowing 499 00:29:27,520 --> 00:29:30,600 Speaker 1: people to expense one hundred percent of the capital purchases 500 00:29:30,640 --> 00:29:33,680 Speaker 1: in the year. Of course I talked about that. ALMAIDA 501 00:29:33,880 --> 00:29:37,600 Speaker 1: data showed that only two of the seven major truck 502 00:29:37,720 --> 00:29:42,240 Speaker 1: manufacturers sold more in from the prior year. Freightliner, a 503 00:29:42,320 --> 00:29:46,400 Speaker 1: branded Dimer Truck North America, claimed the largest market share 504 00:29:46,680 --> 00:29:49,880 Speaker 1: at thirty four point five percent. So of all the 505 00:29:49,920 --> 00:29:54,120 Speaker 1: trucks being sold out there freight thirty four point five 506 00:29:54,200 --> 00:29:57,640 Speaker 1: percent of them were Freightliner trucks. This marked a one 507 00:29:57,680 --> 00:30:01,840 Speaker 1: point eight percent increase from the year before. Western Star 508 00:30:02,040 --> 00:30:06,480 Speaker 1: sales declined twenty two point four and both the Freightliner 509 00:30:06,640 --> 00:30:10,240 Speaker 1: and A Freightliner and Western Star are brands of Diamer 510 00:30:10,440 --> 00:30:13,440 Speaker 1: Truck North America. Let's see what else is in here. 511 00:30:13,760 --> 00:30:17,120 Speaker 1: December was really good month for orders, according to Eric Starks, 512 00:30:17,160 --> 00:30:21,440 Speaker 1: the chairman of FTR Transportation Intelligence. Of course FTR stands 513 00:30:21,440 --> 00:30:27,360 Speaker 1: for Freight Transportation Research Associates Transportation Intelligence. We did not 514 00:30:27,520 --> 00:30:29,760 Speaker 1: expect the level of activity. Let me see, we did 515 00:30:29,760 --> 00:30:32,880 Speaker 1: not expect that level of activity for sales, but clearly 516 00:30:32,920 --> 00:30:35,800 Speaker 1: people were trying to take delivery of stuff before the 517 00:30:35,880 --> 00:30:40,000 Speaker 1: end of the year. If you normally have an increase 518 00:30:40,400 --> 00:30:44,000 Speaker 1: in purchases at the end of the year in order 519 00:30:44,040 --> 00:30:46,040 Speaker 1: to get that on the books and be able to 520 00:30:46,080 --> 00:30:49,360 Speaker 1: take that deduction. Why is it a shock to you 521 00:30:49,520 --> 00:30:52,880 Speaker 1: that they did it this year? Stark said, the sequential 522 00:30:52,960 --> 00:30:56,400 Speaker 1: jump that large was not unusual for this time of 523 00:30:56,400 --> 00:30:59,400 Speaker 1: the year, though it has been less common in recent years. 524 00:30:59,760 --> 00:31:02,800 Speaker 1: And one of the bright spots too, is the fact 525 00:31:02,800 --> 00:31:07,680 Speaker 1: that the number of vehicles on in inventory has dropped. 526 00:31:09,080 --> 00:31:13,120 Speaker 1: I'll tell you what, let's pick this up. Yeah, we'll 527 00:31:13,120 --> 00:31:15,560 Speaker 1: pick this up. Coming up. I'm Kevin Gordon, America's Truck 528 00:31:15,600 --> 00:31:21,160 Speaker 1: and Network seven hundred WLW Network, seven hundred WLW on 529 00:31:21,520 --> 00:31:24,920 Speaker 1: Kevin Gordon talking about these numbers as far as Class 530 00:31:25,000 --> 00:31:28,680 Speaker 1: eight truck sales, and again, sequentially they were a boost 531 00:31:29,160 --> 00:31:32,320 Speaker 1: actually ninety was it, sixty two percent up from the 532 00:31:32,320 --> 00:31:35,920 Speaker 1: previous month, But then overall for the entire year they're 533 00:31:35,960 --> 00:31:39,120 Speaker 1: down thirteen percent, but kind of a spike there at 534 00:31:39,160 --> 00:31:41,320 Speaker 1: the end that kind of made things look a little 535 00:31:41,320 --> 00:31:43,440 Speaker 1: bit better towards the end of the year than they 536 00:31:43,440 --> 00:31:46,840 Speaker 1: had been looking. Let me see, we dropped. We see 537 00:31:47,600 --> 00:31:50,480 Speaker 1: they're talking about inventory on hand because a lot of 538 00:31:50,520 --> 00:31:53,320 Speaker 1: these truck manufacturers have been, you know, kind of anticipating 539 00:31:53,320 --> 00:31:55,360 Speaker 1: that people are going to be buying trucks and so 540 00:31:55,400 --> 00:31:58,960 Speaker 1: they continued manufacturing and a lot of these dealerships had 541 00:31:59,120 --> 00:32:03,280 Speaker 1: trucks on hand up to almost five months worth, so 542 00:32:03,480 --> 00:32:05,640 Speaker 1: if they didn't buy another truck, it would take them 543 00:32:05,720 --> 00:32:08,320 Speaker 1: five months to sell their inventory. We drop a low 544 00:32:08,400 --> 00:32:11,479 Speaker 1: three months of inventory and that has not been the 545 00:32:11,520 --> 00:32:15,560 Speaker 1: case for a long time. This again comments from Eric Starks, 546 00:32:15,600 --> 00:32:19,800 Speaker 1: the chairman of FTR Transportation Intelligence. That's a big drop 547 00:32:19,840 --> 00:32:24,200 Speaker 1: because went from roughly over five months or of inventory 548 00:32:24,280 --> 00:32:27,080 Speaker 1: down to three months. According to Magnus Coke, who is 549 00:32:27,200 --> 00:32:31,920 Speaker 1: the president's Strategy, Marketing and brand Management for Volvo Truck 550 00:32:32,040 --> 00:32:35,280 Speaker 1: North America, December retail sales for Class eight trucks in 551 00:32:35,320 --> 00:32:39,760 Speaker 1: the US and Canada reached twenty two twenty units, marking 552 00:32:39,760 --> 00:32:43,040 Speaker 1: a solid finish to a challenging year. It represents an 553 00:32:43,120 --> 00:32:46,800 Speaker 1: improvement over the previous five months, but seasonally, season alley 554 00:32:47,080 --> 00:32:50,680 Speaker 1: plays a major role as December is normally the strongest 555 00:32:50,760 --> 00:32:55,040 Speaker 1: month of the year. So with FTR saying that well, 556 00:32:55,120 --> 00:32:57,560 Speaker 1: this was kind of a surprise to them. Well, according 557 00:32:57,560 --> 00:33:02,440 Speaker 1: to magnus Coke with Volvo Trucks North America, that's not 558 00:33:02,560 --> 00:33:04,920 Speaker 1: unexpected at the end of the year. So oh yam, 559 00:33:05,000 --> 00:33:07,960 Speaker 1: dealers want to retail as many units as possible in 560 00:33:08,080 --> 00:33:11,280 Speaker 1: order to finish their years strong, so they were cutting 561 00:33:11,320 --> 00:33:15,480 Speaker 1: some deals. John Randall, president of Mack Truck North America. 562 00:33:15,520 --> 00:33:20,080 Speaker 1: December retails, true to historical form, saw its typical increase 563 00:33:20,120 --> 00:33:23,400 Speaker 1: in many as many close out the year with dealers 564 00:33:23,400 --> 00:33:26,960 Speaker 1: moving inventory off the lot and customers taking advantage of 565 00:33:27,000 --> 00:33:31,400 Speaker 1: tax incentives. MAC truck sales increased four point six percent 566 00:33:31,480 --> 00:33:38,040 Speaker 1: on the year. VTN sales declined seventeen point eight. Mac 567 00:33:38,160 --> 00:33:43,040 Speaker 1: and VTN are both Volvo Group brands. International trucks declined 568 00:33:43,200 --> 00:33:47,600 Speaker 1: fifteen point four percent. Peter Built Motor Company sales decreased 569 00:33:47,640 --> 00:33:52,360 Speaker 1: twenty one percent. Kenworth Truck Company sales declined fourteen percent 570 00:33:52,720 --> 00:33:57,440 Speaker 1: for the year. Peter Built and Kenworth are both Packar Inc. Brands. 571 00:33:57,560 --> 00:33:59,960 Speaker 1: So interesting what's going on in the Class eight te 572 00:34:00,000 --> 00:34:03,000 Speaker 1: bux sales seeing that number come up sequentially from the 573 00:34:03,080 --> 00:34:07,840 Speaker 1: year before. But hopefully twenty twenty six will even be better, 574 00:34:07,880 --> 00:34:11,319 Speaker 1: because I truly believe that we're going to see an 575 00:34:11,560 --> 00:34:14,560 Speaker 1: economy on fire, and I mean on fire in a 576 00:34:14,600 --> 00:34:17,960 Speaker 1: good way, not a bad way as far as you know. 577 00:34:18,400 --> 00:34:21,640 Speaker 1: They keep talking about And what is going to be 578 00:34:21,920 --> 00:34:25,080 Speaker 1: interesting is that as people start filing their tax returns. 579 00:34:25,480 --> 00:34:29,920 Speaker 1: They are saying that the average average, average average tax 580 00:34:29,960 --> 00:34:34,279 Speaker 1: return refund for people are going to be somewhere one 581 00:34:34,280 --> 00:34:38,160 Speaker 1: thousand dollars higher than what they had in the previous years. 582 00:34:38,320 --> 00:34:41,200 Speaker 1: So when they see that coming in in terms of 583 00:34:41,440 --> 00:34:45,799 Speaker 1: the reduction because of the one big beautiful bill, they 584 00:34:45,800 --> 00:34:48,080 Speaker 1: will have maybe a little bit better idea or a 585 00:34:48,160 --> 00:34:50,719 Speaker 1: better feel as far as what the economy is going 586 00:34:50,760 --> 00:34:53,960 Speaker 1: to do, and maybe put things in a better perspective, 587 00:34:54,320 --> 00:34:57,520 Speaker 1: and maybe they will start tuning out the spoon fed 588 00:34:57,560 --> 00:35:01,520 Speaker 1: regurgitators in the mainstream media with their constant drumbeat of 589 00:35:01,880 --> 00:35:04,200 Speaker 1: bad you know, trying to make a bad you know, 590 00:35:04,800 --> 00:35:08,840 Speaker 1: make the economy bad, and talk about the way the 591 00:35:08,880 --> 00:35:12,000 Speaker 1: spoon federal regurgens heators talk about the economy now is 592 00:35:12,040 --> 00:35:13,839 Speaker 1: the way they should have been talking about it during 593 00:35:13,840 --> 00:35:17,839 Speaker 1: the Biden administration. But instead, during the Biden administration they 594 00:35:17,920 --> 00:35:20,359 Speaker 1: kept trying to gaslight it and say, you know, even 595 00:35:20,400 --> 00:35:22,640 Speaker 1: though your paycheck's not going as far as it normally 596 00:35:22,680 --> 00:35:25,080 Speaker 1: did and the month is longer than your paycheck and 597 00:35:25,120 --> 00:35:28,319 Speaker 1: you're living paycheck to paycheck, everything's great. You should see 598 00:35:28,360 --> 00:35:31,400 Speaker 1: everything what we're seeing. You know, sales are great, retail 599 00:35:31,440 --> 00:35:34,400 Speaker 1: sales are very everything. The economy is strong, inflation is 600 00:35:34,480 --> 00:35:38,120 Speaker 1: low even though it's what it was. But again, they 601 00:35:38,120 --> 00:35:40,560 Speaker 1: were lying to you then, they're lying to you now, 602 00:35:40,800 --> 00:35:43,440 Speaker 1: So don't pay attention. Tell you just tell your friends 603 00:35:43,560 --> 00:35:46,200 Speaker 1: to tune into America's trucking network and listen to the 604 00:35:46,239 --> 00:35:48,799 Speaker 1: stuff here and you will be much better. By the way, 605 00:35:48,840 --> 00:35:50,400 Speaker 1: before we get out of here at the end of 606 00:35:51,000 --> 00:35:53,239 Speaker 1: for the weekend, I want to point out the fact 607 00:35:53,280 --> 00:35:55,880 Speaker 1: that you know, there are some things going on as 608 00:35:55,920 --> 00:35:58,759 Speaker 1: far as Iran is concerned. That our model is that 609 00:35:58,800 --> 00:36:02,319 Speaker 1: Trump has talked about sending over to Iran because there's 610 00:36:02,400 --> 00:36:07,480 Speaker 1: been kind of an uprooting of the citizens there wanting 611 00:36:07,520 --> 00:36:11,520 Speaker 1: to overthrow the government after forty seven years of tyrannical 612 00:36:11,600 --> 00:36:15,160 Speaker 1: rule that they're having this uprising. Now. What is interesting 613 00:36:15,200 --> 00:36:19,399 Speaker 1: about this is that back during the Obama period, it 614 00:36:19,440 --> 00:36:23,239 Speaker 1: was one of these things of where the people in 615 00:36:23,280 --> 00:36:26,680 Speaker 1: Iran were starting to protest and Obama kept saying, We've 616 00:36:26,680 --> 00:36:28,960 Speaker 1: got your back, We've got your back. Well, at the 617 00:36:29,040 --> 00:36:31,919 Speaker 1: very end, he pretty much turned his back on them 618 00:36:32,400 --> 00:36:36,040 Speaker 1: and a lot of these people were slaughtered, were rounded up, 619 00:36:36,360 --> 00:36:41,440 Speaker 1: taken to prisons, Kung killed, shot, et cetera. Well, with 620 00:36:41,560 --> 00:36:46,279 Speaker 1: this uprising happening this year, there had been just the 621 00:36:46,360 --> 00:36:49,520 Speaker 1: protests and then all of a sudden, the government started 622 00:36:49,640 --> 00:36:53,600 Speaker 1: shooting people or rounding up people, and Trump said, hey, 623 00:36:53,840 --> 00:36:55,880 Speaker 1: knock it off. We're not putting up with this. We 624 00:36:55,920 --> 00:36:58,479 Speaker 1: already hit you once as far as your nuclear deal 625 00:36:58,600 --> 00:37:00,799 Speaker 1: is concerned, and you're not going to take this out 626 00:37:00,840 --> 00:37:03,960 Speaker 1: on your citizens. Well, they claim that they were going 627 00:37:04,040 --> 00:37:05,600 Speaker 1: to stop doing it. As a matter of fact, on 628 00:37:05,600 --> 00:37:09,200 Speaker 1: one day they had round that up enough or enough 629 00:37:09,239 --> 00:37:11,719 Speaker 1: of some of the protesters to where they were going 630 00:37:11,719 --> 00:37:15,919 Speaker 1: to have eight hundred hangings in one day. And Trump said, 631 00:37:16,000 --> 00:37:17,800 Speaker 1: that's a red line. You do that, we're going to 632 00:37:17,880 --> 00:37:21,719 Speaker 1: hit you. Well, they've been taking this armada, taking some 633 00:37:21,800 --> 00:37:23,839 Speaker 1: of the ships over there to put some pressure on 634 00:37:23,880 --> 00:37:27,560 Speaker 1: Iran because again with the sanctions on Iran because of 635 00:37:27,640 --> 00:37:32,359 Speaker 1: their attempts to develop a nuclear weapon, and because they 636 00:37:32,440 --> 00:37:35,680 Speaker 1: are dealing with Russia, who is an embargo they have 637 00:37:35,760 --> 00:37:39,560 Speaker 1: been embargoing Iran oil to so that they can be 638 00:37:39,600 --> 00:37:42,440 Speaker 1: pulled in line to try to break the strain of 639 00:37:42,600 --> 00:37:46,480 Speaker 1: the hold that the Ayatola has on his people. Again, 640 00:37:46,800 --> 00:37:49,560 Speaker 1: because they take the money, they take the revenue from 641 00:37:49,640 --> 00:37:54,400 Speaker 1: their oil and instead of benefiting their people, they are 642 00:37:55,160 --> 00:37:58,160 Speaker 1: using the money to fund Hamas, using the money to 643 00:37:58,320 --> 00:38:02,719 Speaker 1: fund Hesbalah, the Huti rebels, to stir up trouble in 644 00:38:02,760 --> 00:38:08,919 Speaker 1: the Gulf, in the Red Sea, and to choke off 645 00:38:11,239 --> 00:38:13,759 Speaker 1: transfers through the Suez Canal into the Red Sea in 646 00:38:13,800 --> 00:38:17,840 Speaker 1: the Indian Ocean. They're trying to choke off and delay 647 00:38:18,160 --> 00:38:20,719 Speaker 1: some of the goods that are being the oil and 648 00:38:20,760 --> 00:38:24,160 Speaker 1: whatever imports and exports are coming through that area. They're 649 00:38:24,200 --> 00:38:27,520 Speaker 1: trying to tie up those shipping channels, so trying to 650 00:38:27,680 --> 00:38:31,040 Speaker 1: alleviate that and try to eliminate some of that. They 651 00:38:31,080 --> 00:38:34,480 Speaker 1: have been putting pressure on Iran. But again with all 652 00:38:34,480 --> 00:38:38,600 Speaker 1: this ramping up of the violence. Now according to some estimates, 653 00:38:39,400 --> 00:38:43,600 Speaker 1: according to some estimates there's well not only but five 654 00:38:43,640 --> 00:38:47,920 Speaker 1: thousand people have been killed. The estimates within Iran indicate 655 00:38:48,000 --> 00:38:50,719 Speaker 1: that there have been up to twelve to twenty thousand 656 00:38:50,760 --> 00:38:53,720 Speaker 1: people that have been killed, and the numbers are growing. 657 00:38:54,160 --> 00:38:58,120 Speaker 1: And there's reports that there are playing clothes police officers 658 00:38:58,160 --> 00:39:01,520 Speaker 1: and military people that are going out among the rioters 659 00:39:01,880 --> 00:39:03,839 Speaker 1: just so that they can get an idea who these 660 00:39:03,880 --> 00:39:06,840 Speaker 1: people are or protesters, so that then they can easily 661 00:39:06,920 --> 00:39:09,759 Speaker 1: more easily round them up. So as far as what's 662 00:39:09,800 --> 00:39:13,400 Speaker 1: going on, there may be something going on there this weekend, 663 00:39:13,560 --> 00:39:15,399 Speaker 1: but we'll keep an eye on that and talk about 664 00:39:15,440 --> 00:39:18,200 Speaker 1: it on Monday. But as far as oil prices are concerned, 665 00:39:18,239 --> 00:39:22,800 Speaker 1: holy crap. West Texas Intermediate crude currently is at sixty 666 00:39:22,840 --> 00:39:24,960 Speaker 1: five dollars and forty nine cents a barrel. That is 667 00:39:25,040 --> 00:39:27,640 Speaker 1: up two dollars and twenty eight cents. That is up 668 00:39:27,680 --> 00:39:31,239 Speaker 1: three point sixty one percent. Brent crude now is at 669 00:39:31,400 --> 00:39:34,920 Speaker 1: seventy dollars and eighty four cents a barrel, up two 670 00:39:35,000 --> 00:39:39,320 Speaker 1: dollars and forty four cents or three point five seven percent. 671 00:39:39,760 --> 00:39:42,680 Speaker 1: Oil prices climbed to about four percent to a five 672 00:39:43,000 --> 00:39:47,040 Speaker 1: month high on Thursday on rising concerns that global supplies 673 00:39:47,280 --> 00:39:50,160 Speaker 1: could be disrupted by the US decides to attack Iran, 674 00:39:50,480 --> 00:39:54,600 Speaker 1: one of opek's biggest crewed producers, that pushes both crude 675 00:39:54,600 --> 00:39:58,560 Speaker 1: Brench marks into technically overbought territory and put Brent on 676 00:39:58,640 --> 00:40:03,080 Speaker 1: track for its highest closed since July thirty first, and 677 00:40:03,160 --> 00:40:07,200 Speaker 1: West Texas Intermediate on track to be the highest closed 678 00:40:07,239 --> 00:40:11,720 Speaker 1: since September of twenty September twenty six, President Donald Trump 679 00:40:11,840 --> 00:40:15,440 Speaker 1: is weighing options against Iran that could include targeted attacks 680 00:40:15,520 --> 00:40:19,400 Speaker 1: on security forces and leaders to inspire protesters and to 681 00:40:19,480 --> 00:40:24,040 Speaker 1: support the protesters, multiple sources said, even as Israeli and 682 00:40:24,200 --> 00:40:30,240 Speaker 1: Arab officials said airpower alone would not topple Tran's clerical rulers, 683 00:40:30,480 --> 00:40:35,120 Speaker 1: even though there are reports that the Ayatola is buried underground. Now, 684 00:40:35,280 --> 00:40:37,879 Speaker 1: I'm not buried, buried, but he's hiding. Well, folks, it's 685 00:40:37,880 --> 00:40:40,040 Speaker 1: getting late now, time for us to scoot out the door. 686 00:40:40,560 --> 00:40:42,480 Speaker 1: Stay tuned for Red Eye Radio at the top of 687 00:40:42,480 --> 00:40:46,840 Speaker 1: the hour. Let's hope the situation resolves itself with Iran. 688 00:40:47,120 --> 00:40:50,479 Speaker 1: Hopefully they get the idea, they back down, stop killing 689 00:40:50,560 --> 00:40:53,799 Speaker 1: their citizens, and have a free flow of oil and 690 00:40:53,880 --> 00:40:56,879 Speaker 1: things be better. I'm Kevin Gordon, America's Trucking Network seven 691 00:40:56,960 --> 00:41:06,920 Speaker 1: hundred WLW Traffic and Weather News Radio seven hundred WLW, Cincinnati. 692 00:41:07,600 --> 00:41:11,120 Speaker 3: A deal reached to avert a lengthy partial government shutdown. 693 00:41:11,360 --> 00:41:14,799 Speaker 3: If your top of the hour report, I'mley Mawen breaking now. 694 00:41:15,400 --> 00:41:18,239 Speaker 3: It's a deal announced by Democratic senators that separates a 695 00:41:18,239 --> 00:41:21,799 Speaker 3: funding bill for homeland security from five others. Those five 696 00:41:21,840 --> 00:41:25,520 Speaker 3: would fund agencies until the end of September meantime, DHS 697 00:41:25,520 --> 00:41:28,480 Speaker 3: will get funding for two weeks to allow negotiations from 698 00:41:28,520 --> 00:41:32,480 Speaker 3: lawmakers on provisions in this package. Senators still need to 699 00:41:32,520 --> 00:41:34,800 Speaker 3: vote on the spill before the end of the week. However, 700 00:41:34,840 --> 00:41:38,600 Speaker 3: the House also needs to vote. They're in recess until Monday. 701 00:41:38,760 --> 00:41:39,760 Speaker 1: It may not be possible. 702 00:41:40,120 --> 00:41:42,120 Speaker 4: We have a rule of a seventy two hour notice 703 00:41:42,160 --> 00:41:44,319 Speaker 4: for a return, and i can try to truncate that. 704 00:41:44,400 --> 00:41:47,000 Speaker 4: But I've got people literally spread around the world right now, 705 00:41:47,040 --> 00:41:48,759 Speaker 4: so and we have a snowstorm. 706 00:41:48,880 --> 00:41:52,160 Speaker 3: I'se Speaker Mike Johnson talking to ABC News. When asked 707 00:41:52,160 --> 00:41:55,240 Speaker 3: if he supported Democratic demands for body cameras and banning 708 00:41:55,280 --> 00:41:59,919 Speaker 3: face masks for ice agents, Johnson blurted out no. 709 00:42:00,320 --> 00:42:01,280 Speaker 1: The latest port chat. 710 00:42:01,200 --> 00:42:04,719 Speaker 3: From the Jake Sweeney Chevrolet Weather Center Jake Sweeney Chevrolet 711 00:42:05,040 --> 00:42:07,120 Speaker 3: better for less. 712 00:42:06,400 --> 00:42:08,799 Speaker 4: On the way to Friday morning, it's partly cloudie. We'll 713 00:42:08,840 --> 00:42:12,000 Speaker 4: see a seven am temperature of three degrees, but wind 714 00:42:12,040 --> 00:42:15,360 Speaker 4: chills will be as cold as ten below zero. The 715 00:42:15,440 --> 00:42:18,080 Speaker 4: rest of our Friday then is partly sunny, a high 716 00:42:18,120 --> 00:42:21,160 Speaker 4: of eighteen at night, fair skies, and we dropped to 717 00:42:21,239 --> 00:42:24,960 Speaker 4: two below From your severe weather station, a'm nine First 718 00:42:25,000 --> 00:42:30,960 Speaker 4: Warning Chief Meteorologist Steve Rawleigh, News Radio seven hundred WLW. 719 00:42:31,080 --> 00:42:34,520 Speaker 3: This morning from the Cincinnati Convention Center, CPD will welcome 720 00:42:34,560 --> 00:42:37,560 Speaker 3: fifty four new officers to the force with a graduation