1 00:00:07,960 --> 00:00:10,760 Speaker 1: This is America's Truck and Network with Kevin Gordon. 2 00:00:12,880 --> 00:00:16,560 Speaker 2: Welcome aboard, Thanks for tuning in on this Wednesday morning 3 00:00:17,239 --> 00:00:21,720 Speaker 2: America's Truck and Network, the show that is the exception 4 00:00:21,920 --> 00:00:25,920 Speaker 2: to the rule that nothing good happens after midnight. By 5 00:00:25,960 --> 00:00:28,240 Speaker 2: the way, this came up the other day, my wife 6 00:00:28,280 --> 00:00:30,440 Speaker 2: and I were talking. We were watching a couple of shows, 7 00:00:30,480 --> 00:00:32,440 Speaker 2: and you know, at the beginning of the show, the 8 00:00:32,840 --> 00:00:35,400 Speaker 2: host will say something like, We've got a really great 9 00:00:35,440 --> 00:00:38,800 Speaker 2: show for you today and all this, and I'm thinking, well, 10 00:00:39,040 --> 00:00:42,360 Speaker 2: what was yesterday's show or you know, was that you know, 11 00:00:42,440 --> 00:00:45,280 Speaker 2: kind of a whole home show. At least you'll never 12 00:00:45,400 --> 00:00:49,680 Speaker 2: hear that on this program, because after all, it just 13 00:00:49,720 --> 00:00:54,440 Speaker 2: goes without saying, we're getting all This is kind of 14 00:00:54,480 --> 00:00:58,160 Speaker 2: one of the most confusing weeks I've seen as far 15 00:00:58,320 --> 00:01:03,040 Speaker 2: as news cycle, as far as what's going on in 16 00:01:03,080 --> 00:01:07,040 Speaker 2: the trucking industry, what we're hearing, what we're seeing, what's 17 00:01:07,080 --> 00:01:13,600 Speaker 2: going on. We're hearing reports that for months now. I mean, 18 00:01:13,680 --> 00:01:17,240 Speaker 2: you had all this conversation and I've had conversations with 19 00:01:17,760 --> 00:01:21,280 Speaker 2: you folks at the American at the Mid America Trucking 20 00:01:21,319 --> 00:01:27,080 Speaker 2: Show about over capacity, the driver shortage, and back and 21 00:01:27,120 --> 00:01:31,479 Speaker 2: forth that way, and a lot of people for years 22 00:01:31,560 --> 00:01:34,000 Speaker 2: have been saying there is no such thing as a 23 00:01:34,120 --> 00:01:39,600 Speaker 2: driver shortage. The key is having qualified drivers, having people 24 00:01:39,640 --> 00:01:44,600 Speaker 2: that follow the rules, and we've seen that as a 25 00:01:44,640 --> 00:01:47,720 Speaker 2: result of that, there have been things put in place 26 00:01:47,840 --> 00:01:57,080 Speaker 2: because the scenario, or the political line, or what everybody's 27 00:01:57,120 --> 00:02:03,480 Speaker 2: been pointing at with this driver shortage is that this force. 28 00:02:03,520 --> 00:02:05,880 Speaker 2: When you have a shortage of something and you try 29 00:02:05,920 --> 00:02:09,320 Speaker 2: to fix it, you have to do certain things in 30 00:02:09,400 --> 00:02:13,240 Speaker 2: order to fix it. And what one of the things 31 00:02:13,360 --> 00:02:18,679 Speaker 2: was is what's led to the illegals, the lack of training, 32 00:02:18,800 --> 00:02:22,600 Speaker 2: the significant training of people out on the highway, illegals 33 00:02:22,639 --> 00:02:27,720 Speaker 2: with expired visas actually on the road. Lack of enforcing 34 00:02:27,800 --> 00:02:32,320 Speaker 2: the English language proficiency. Now what we're seeing with the 35 00:02:32,480 --> 00:02:37,400 Speaker 2: enforcement of that and the revocation of those CDLs, all 36 00:02:37,440 --> 00:02:41,519 Speaker 2: of a sudden, everybody is talking about that. Oh well, 37 00:02:41,680 --> 00:02:48,000 Speaker 2: now we know the overcapacity is shrinking and that could 38 00:02:48,080 --> 00:02:50,960 Speaker 2: be a problem as well. Well, it's either one or 39 00:02:51,000 --> 00:02:55,840 Speaker 2: the other. Either you have too many drivers or you 40 00:02:55,880 --> 00:02:58,959 Speaker 2: don't have enough drivers. And if you don't have enough 41 00:02:59,040 --> 00:03:03,320 Speaker 2: drive let's back up a second. Okay, let's use some 42 00:03:03,440 --> 00:03:06,720 Speaker 2: common sense here, all right, if there's a lack of 43 00:03:06,880 --> 00:03:09,840 Speaker 2: if there was a lack of shortage or a lack 44 00:03:09,919 --> 00:03:14,000 Speaker 2: of drivers and a driver shortage, that would mean that 45 00:03:14,040 --> 00:03:18,799 Speaker 2: there's not enough drivers to drive the trucks because of 46 00:03:19,000 --> 00:03:22,480 Speaker 2: the volume that there is in the industry, and that 47 00:03:22,880 --> 00:03:27,080 Speaker 2: shelves would be empty. Certain things aren't getting delivered. Stuff 48 00:03:27,200 --> 00:03:30,400 Speaker 2: is backing up on either the docks coming in from 49 00:03:31,000 --> 00:03:35,520 Speaker 2: the imports or at warehouses, or orders are not being 50 00:03:35,560 --> 00:03:38,920 Speaker 2: filled because there's nobody on the road. We haven't heard 51 00:03:39,120 --> 00:03:43,720 Speaker 2: any of that. There has been plenty with the exception 52 00:03:43,840 --> 00:03:47,320 Speaker 2: of the pandemic obviously, when a lot of businesses were 53 00:03:47,360 --> 00:03:50,840 Speaker 2: shut down, factories were closed, and of course nothing was moving. 54 00:03:51,440 --> 00:03:53,680 Speaker 2: That which was moving, the only way that it was 55 00:03:53,760 --> 00:03:58,480 Speaker 2: moving was by the trucking industry and the heroes that 56 00:03:58,560 --> 00:04:03,000 Speaker 2: you all, we're out there all of a sudden, once 57 00:04:03,080 --> 00:04:06,040 Speaker 2: the pandemic was over, it's just back to normal. It's 58 00:04:06,080 --> 00:04:08,280 Speaker 2: just like, oh, you know, they're just truck drivers, you know, 59 00:04:08,760 --> 00:04:12,320 Speaker 2: not very important. It's just the truck drivers. And so 60 00:04:13,120 --> 00:04:17,000 Speaker 2: now the focus is on when we've seen when there 61 00:04:17,000 --> 00:04:21,080 Speaker 2: are bad drivers out there and those lead to accidents, 62 00:04:21,160 --> 00:04:24,720 Speaker 2: and people dig into that and say that, well, these 63 00:04:24,800 --> 00:04:27,400 Speaker 2: people were unqualified, they shouldn't have been there in the 64 00:04:27,400 --> 00:04:30,200 Speaker 2: first place. Then all of a sudden, the focus goes 65 00:04:30,240 --> 00:04:32,760 Speaker 2: on that, and then start people start talking about what 66 00:04:32,880 --> 00:04:35,800 Speaker 2: we need trained truck drivers out there and people that 67 00:04:35,839 --> 00:04:40,240 Speaker 2: are adequately schooled and capacity tests, which you guys have 68 00:04:40,320 --> 00:04:43,599 Speaker 2: been screaming for for years, but now we're starting to 69 00:04:43,600 --> 00:04:48,720 Speaker 2: hear that the capacity is shrinking, when in fact we're 70 00:04:48,800 --> 00:04:52,800 Speaker 2: talking about whether or not. Again, we're not talking about 71 00:04:53,200 --> 00:04:57,440 Speaker 2: anybody saying that stuff isn't getting delivered. There aren't you know, 72 00:04:57,640 --> 00:05:00,839 Speaker 2: this stuff is stacking up the warehouse. So we've got 73 00:05:00,960 --> 00:05:04,920 Speaker 2: that dynamic going on. We got some numbers yesterday on 74 00:05:05,200 --> 00:05:09,880 Speaker 2: us manufacturing, and on the one hand, the people that 75 00:05:09,960 --> 00:05:14,440 Speaker 2: write the report are saying one thing, and the people 76 00:05:14,480 --> 00:05:19,120 Speaker 2: that are interpreting the report are saying another. We're hearing 77 00:05:19,160 --> 00:05:24,440 Speaker 2: stuff about companies starting to lay people off, and I 78 00:05:24,560 --> 00:05:30,080 Speaker 2: find it interesting that when and the companies we mentioned yesterday, 79 00:05:30,080 --> 00:05:32,839 Speaker 2: and we've got more details on that, and of course 80 00:05:32,880 --> 00:05:35,520 Speaker 2: it'll come up because there's a couple of other companies 81 00:05:35,520 --> 00:05:38,120 Speaker 2: that have been added to the list, and they're included 82 00:05:38,240 --> 00:05:40,920 Speaker 2: in what we talked about yesterday. When you look at 83 00:05:40,960 --> 00:05:46,520 Speaker 2: Amazon and ups, all right, they're talking about layoffs there, 84 00:05:47,000 --> 00:05:52,920 Speaker 2: and in Amazon's case, they're doing more automation. Well, that 85 00:05:53,160 --> 00:05:58,520 Speaker 2: isn't affected by tariffs. If you're moving goods and you're 86 00:05:58,880 --> 00:06:02,800 Speaker 2: moving supplies, you're moving packages from one end of the 87 00:06:02,800 --> 00:06:06,719 Speaker 2: country to the other, that isn't involved in tariffs. So 88 00:06:07,760 --> 00:06:12,960 Speaker 2: people trying to blame any layoffs as opposed with Amazon 89 00:06:13,440 --> 00:06:17,280 Speaker 2: having to do with tariffs or any of those pressures 90 00:06:17,320 --> 00:06:23,120 Speaker 2: there again is unwarranted. But we also saw with Amazon 91 00:06:23,279 --> 00:06:26,839 Speaker 2: a couple of years ago, weren't they at the forefront 92 00:06:26,920 --> 00:06:31,159 Speaker 2: of we are now boosting our employees. We have increased 93 00:06:31,160 --> 00:06:34,560 Speaker 2: their salaries from twelve dollars or whatever up to twenty 94 00:06:34,640 --> 00:06:37,839 Speaker 2: dollars an hour, and we're going to start paying for vacation, 95 00:06:38,040 --> 00:06:41,720 Speaker 2: and we're going to we're gonna be having benefits and 96 00:06:42,120 --> 00:06:44,960 Speaker 2: all this sort of stuff. Well, now all of a 97 00:06:45,040 --> 00:06:51,560 Speaker 2: sudden they're laying people off. Did they not have the 98 00:06:51,680 --> 00:06:55,200 Speaker 2: business plan to look forward and say, gee whiz, if 99 00:06:55,240 --> 00:06:58,680 Speaker 2: we based on our volume based on the number of 100 00:06:58,720 --> 00:07:01,400 Speaker 2: packages that we are delivered, bring on a regular basis, 101 00:07:01,839 --> 00:07:05,120 Speaker 2: based on what we forecast the number of packages that 102 00:07:05,160 --> 00:07:08,120 Speaker 2: we're going to be doing, we need x number of employees. 103 00:07:09,920 --> 00:07:12,960 Speaker 2: Did they not factor in the fact that if you 104 00:07:13,240 --> 00:07:17,720 Speaker 2: raise people's salary, that's going to cut into your profitability, 105 00:07:18,000 --> 00:07:21,280 Speaker 2: which Amazon's not hurting as far as profit is concerned. 106 00:07:21,640 --> 00:07:23,880 Speaker 2: But now all of a sudden, they're starting to lay 107 00:07:23,920 --> 00:07:26,080 Speaker 2: people off and they want to find some reason to 108 00:07:26,160 --> 00:07:29,120 Speaker 2: blame it, and they're trying to blame it on the 109 00:07:29,200 --> 00:07:31,760 Speaker 2: soft economy, or they're trying to blame it on tariffs, 110 00:07:31,800 --> 00:07:37,240 Speaker 2: or how about blaming it on yourselves by over promising 111 00:07:37,800 --> 00:07:43,040 Speaker 2: and underproducing in terms of what you're doing. UPS mentioning 112 00:07:43,080 --> 00:07:45,840 Speaker 2: that they were going to be laying off some of 113 00:07:45,840 --> 00:07:50,000 Speaker 2: their employees, that they were going to actually not laying 114 00:07:50,000 --> 00:07:52,920 Speaker 2: them off, because layoffs indicate that you're bringing them back, 115 00:07:53,200 --> 00:07:57,440 Speaker 2: but firing and eliminating certain positions. Wasn't it just two 116 00:07:57,560 --> 00:08:01,240 Speaker 2: years ago that UPS signed that big contract with their 117 00:08:01,280 --> 00:08:03,760 Speaker 2: employees about a year and a half ago, I guess, 118 00:08:04,240 --> 00:08:08,239 Speaker 2: and took their out they were Now the truck drivers 119 00:08:08,280 --> 00:08:11,440 Speaker 2: for UPS are making one hundred and seventy five thousand 120 00:08:11,480 --> 00:08:16,160 Speaker 2: dollars a year. Now. I'm not begrudging anybody getting what 121 00:08:16,200 --> 00:08:21,000 Speaker 2: they can, but if you're overpricing yourself out of a 122 00:08:21,280 --> 00:08:25,440 Speaker 2: out of a job and the benefit that that job 123 00:08:25,560 --> 00:08:30,000 Speaker 2: provides to that employer isn't enough to cover the cost. 124 00:08:30,320 --> 00:08:32,000 Speaker 2: I mean, you've got to be able to produce a 125 00:08:32,040 --> 00:08:35,200 Speaker 2: certain number of items, and that certain number of items 126 00:08:35,400 --> 00:08:38,839 Speaker 2: has at retail has to then cover the cost of 127 00:08:38,960 --> 00:08:43,559 Speaker 2: keeping the lights on, of keeping the process moving, keeping 128 00:08:43,600 --> 00:08:47,040 Speaker 2: the trucks maintained, keeping the warehousing up and going, and 129 00:08:47,080 --> 00:08:50,960 Speaker 2: making sure that the renovations and maintenance that needs to 130 00:08:50,960 --> 00:08:54,600 Speaker 2: go on these facilities, and also pay your employees, and 131 00:08:54,679 --> 00:08:56,640 Speaker 2: so that in order to turn a profit, you have 132 00:08:56,720 --> 00:08:59,560 Speaker 2: to sell or you have to produce or deliver enough 133 00:08:59,600 --> 00:09:02,760 Speaker 2: package to cover all those expenses. And if you're going 134 00:09:02,840 --> 00:09:06,200 Speaker 2: to go out and raise your people's salary and under 135 00:09:06,240 --> 00:09:10,440 Speaker 2: this contract by ten percent every year for the next 136 00:09:10,480 --> 00:09:13,640 Speaker 2: six years, at some point in time you're looking at 137 00:09:13,720 --> 00:09:16,760 Speaker 2: that and your profitability isn't as much as it was. 138 00:09:16,920 --> 00:09:19,000 Speaker 2: And now these people are being laid off and they 139 00:09:19,000 --> 00:09:21,640 Speaker 2: want to blame it on the economy. See, these are 140 00:09:21,640 --> 00:09:25,480 Speaker 2: the things that when you dig into the numbers, when 141 00:09:25,520 --> 00:09:29,960 Speaker 2: you understand the numbers and you remember what they've done 142 00:09:29,960 --> 00:09:33,560 Speaker 2: in the past that got them into this position, a 143 00:09:33,559 --> 00:09:36,640 Speaker 2: lot of their arguments that they're using just don't fly. 144 00:09:37,120 --> 00:09:42,360 Speaker 2: I'm Kevin Gordon, America's Trucking Network seven hundred WLW. 145 00:09:42,679 --> 00:09:45,800 Speaker 1: I need this is the Braething reward on America's Trucking 146 00:09:45,840 --> 00:09:48,200 Speaker 1: Network on seven hundred WLW. 147 00:09:49,000 --> 00:09:51,680 Speaker 3: There is a possibility that Britney Forrest takes our last 148 00:09:51,760 --> 00:09:53,640 Speaker 3: ride at a top field dranks. They are two weeks 149 00:09:53,640 --> 00:09:55,880 Speaker 3: from now at the In and Out Burger and HRI 150 00:09:56,080 --> 00:09:59,360 Speaker 3: Finals in Pomota, California. But regardless of what happens at 151 00:09:59,360 --> 00:10:02,240 Speaker 3: our home track, Force can walk away secure in the 152 00:10:02,360 --> 00:10:05,680 Speaker 3: knowledge that she's earned her place among Nitro Racing's all 153 00:10:05,679 --> 00:10:09,199 Speaker 3: time greats. Force won't win a third championship this season, 154 00:10:09,360 --> 00:10:12,240 Speaker 3: but she doesn't need to. With her win in Las Vegas, 155 00:10:12,280 --> 00:10:15,720 Speaker 3: she is now nineteen career victories and has passed Shirley 156 00:10:15,800 --> 00:10:18,960 Speaker 3: Muldowndy as the sports winning as female top fuel racer. 157 00:10:19,320 --> 00:10:23,120 Speaker 3: Brian Barnhart and Kyle Sagan have left Arrow McLaren Racing 158 00:10:23,160 --> 00:10:26,199 Speaker 3: for Ray Hall Letterman Landing and Racing. Barnhart the former 159 00:10:26,280 --> 00:10:31,040 Speaker 3: IndyCar executive who worked underfellow former IndyCar president Jay Frye 160 00:10:31,120 --> 00:10:36,720 Speaker 3: before departing for Harding Racing Andretti Global, and Arrow McLaren 161 00:10:36,960 --> 00:10:39,920 Speaker 3: reunites with fry at RLLL and has been named the 162 00:10:39,920 --> 00:10:44,079 Speaker 3: team's senior VP of Operations. Barnhart will also serve as 163 00:10:44,080 --> 00:10:48,320 Speaker 3: Graham Ray race strategists in the number fifteen Honda. Along 164 00:10:48,320 --> 00:10:51,440 Speaker 3: with Barnhart, the Arrow McLaren team also lost Sagan, who 165 00:10:51,480 --> 00:10:54,600 Speaker 3: will act as rlll's pit stop manager. 166 00:10:55,640 --> 00:10:59,000 Speaker 1: Need This is the racing reward on America's Trucking Network 167 00:10:59,160 --> 00:11:00,960 Speaker 1: on seven hundred WLW. 168 00:11:01,559 --> 00:11:07,000 Speaker 3: Say Dennison reporting for a t and the stock market 169 00:11:07,040 --> 00:11:09,360 Speaker 3: goes up, you make money. 170 00:11:09,640 --> 00:11:14,200 Speaker 2: I'm Kevin Board in America instruct a Network seven hundred WLW. 171 00:11:14,520 --> 00:11:17,560 Speaker 2: Previous segment, We're talking about how businesses are starting to 172 00:11:17,559 --> 00:11:20,280 Speaker 2: react and we're starting to see a certain number of layoffs, 173 00:11:20,320 --> 00:11:23,120 Speaker 2: and they're trying to blame it on one thing, when 174 00:11:23,200 --> 00:11:26,160 Speaker 2: in fact it probably has a result of something else. 175 00:11:26,520 --> 00:11:30,200 Speaker 2: I'm also hearing a lot of people on certain shows 176 00:11:30,480 --> 00:11:35,040 Speaker 2: starting to talk about inflation, starting to talk about inflation. 177 00:11:35,600 --> 00:11:40,200 Speaker 2: I mean, where were you people back in twenty twenty 178 00:11:40,280 --> 00:11:45,679 Speaker 2: one when Biden took office in twenty twenty one, because 179 00:11:45,760 --> 00:11:50,520 Speaker 2: he started shutting down production of US oil, starting to 180 00:11:50,760 --> 00:11:55,400 Speaker 2: not cancel the oil permitting and the sales of the leases, 181 00:11:55,679 --> 00:12:02,160 Speaker 2: which by the way, were authorized and regulated and done 182 00:12:02,320 --> 00:12:07,200 Speaker 2: by ordered by Congress, and so the Administrative Office, the 183 00:12:07,480 --> 00:12:11,840 Speaker 2: executive branch, ignored the law and said, we're not going 184 00:12:11,920 --> 00:12:15,559 Speaker 2: to do this. And where was the constitutional crisis at 185 00:12:15,559 --> 00:12:18,640 Speaker 2: that point that when something was ordered and you're not 186 00:12:18,840 --> 00:12:22,280 Speaker 2: doing it and you're not following it, where is the 187 00:12:23,160 --> 00:12:26,960 Speaker 2: threat to democracy with that kind of talk. Okay, so 188 00:12:27,360 --> 00:12:30,120 Speaker 2: you start canceling oil leases, you know, stop drilling in 189 00:12:30,200 --> 00:12:33,240 Speaker 2: the in the golf and some of these just take 190 00:12:33,640 --> 00:12:37,840 Speaker 2: Alaska off the table, and gas prices and oil prices 191 00:12:38,120 --> 00:12:41,520 Speaker 2: went up dramatically. Gas prices went up almost a dollar 192 00:12:41,559 --> 00:12:44,960 Speaker 2: a gallon within the first year. Then in twenty twenty two, 193 00:12:45,000 --> 00:12:49,120 Speaker 2: in February, Russia invaded Ukraine and gas went up another 194 00:12:49,240 --> 00:12:52,360 Speaker 2: dollar twenty five So between the two years, within a 195 00:12:52,360 --> 00:12:55,160 Speaker 2: two year period of time, gas had gone up almost 196 00:12:55,320 --> 00:12:58,160 Speaker 2: two dollars and fifty cents, two dollars and twenty five cents, 197 00:12:58,280 --> 00:13:01,240 Speaker 2: to the point where in June of twenty twenty two, 198 00:13:01,800 --> 00:13:05,920 Speaker 2: across the board, you know, the average gas across the 199 00:13:06,080 --> 00:13:10,439 Speaker 2: United States was over five dollars a gallon. Today that 200 00:13:10,559 --> 00:13:14,360 Speaker 2: number is three dollars and five cents. So we've gone 201 00:13:14,400 --> 00:13:18,880 Speaker 2: from almost over five dollars a gall was five dollars 202 00:13:18,880 --> 00:13:23,400 Speaker 2: and two cents on June the fourteenth of twenty twenty two, 203 00:13:23,920 --> 00:13:26,600 Speaker 2: to the point now we're at three dollars and five 204 00:13:26,679 --> 00:13:30,480 Speaker 2: cents nationwide, So gas prices have come down a full 205 00:13:30,559 --> 00:13:35,440 Speaker 2: two dollars. Nobody's talking about that dramatic change, but nobody 206 00:13:35,520 --> 00:13:39,320 Speaker 2: was talking about how dramatically increased it was. And we 207 00:13:39,400 --> 00:13:43,640 Speaker 2: had inflation at nine point one percent in twenty twenty two. 208 00:13:44,240 --> 00:13:47,280 Speaker 2: We had more inflation in twenty twenty three, and then 209 00:13:47,440 --> 00:13:49,679 Speaker 2: all of a sudden in twenty twenty four, and then 210 00:13:49,840 --> 00:13:52,240 Speaker 2: at the end of twenty twenty four and beginning of 211 00:13:52,320 --> 00:13:54,920 Speaker 2: twenty twenty five, and for the most of this year, 212 00:13:55,120 --> 00:13:58,960 Speaker 2: we are hearing about prices going up. I started hearing. 213 00:13:58,960 --> 00:14:01,240 Speaker 2: I mean, people were talking about, oh, you know, the 214 00:14:01,280 --> 00:14:03,719 Speaker 2: price of eggs. All right, well, let's look at the 215 00:14:03,760 --> 00:14:06,000 Speaker 2: price of eggs. That has nothing to do with taris, 216 00:14:06,040 --> 00:14:08,280 Speaker 2: That has nothing to do with the economic policy of 217 00:14:08,320 --> 00:14:11,680 Speaker 2: the Trump administration. Has everything to do with the bird flu. 218 00:14:12,000 --> 00:14:14,679 Speaker 2: And the bird flu if it's going in, it's killing 219 00:14:14,679 --> 00:14:18,000 Speaker 2: a flock. You know. I guess people, you know, you know, 220 00:14:18,200 --> 00:14:21,640 Speaker 2: the settled maybe maybe the chicken and eggs science hasn't 221 00:14:21,680 --> 00:14:24,800 Speaker 2: been settled. You know, if you don't have chickens, you're 222 00:14:24,800 --> 00:14:27,520 Speaker 2: not going to have eggs. So I guess the thing 223 00:14:27,680 --> 00:14:30,400 Speaker 2: is is you know what comes first, the chicken or 224 00:14:30,440 --> 00:14:33,600 Speaker 2: the egg. All right, So if there's a less supply 225 00:14:33,680 --> 00:14:35,880 Speaker 2: of eggs, of course the price is going to go up. 226 00:14:36,240 --> 00:14:38,760 Speaker 2: Now that the flocks are coming back, those prices are 227 00:14:38,760 --> 00:14:41,720 Speaker 2: coming down, we start I'm hearing more and more people 228 00:14:41,720 --> 00:14:45,360 Speaker 2: talk about the price of beef. Well, if you've got 229 00:14:45,440 --> 00:14:48,480 Speaker 2: herds that are down in the in the range of 230 00:14:48,800 --> 00:14:52,280 Speaker 2: nineteen fifty one, when the size of the herds were 231 00:14:52,320 --> 00:14:54,720 Speaker 2: that for the population that we had at the time, 232 00:14:55,040 --> 00:15:00,360 Speaker 2: and we pretty much doubled that doubled that pop population 233 00:15:00,560 --> 00:15:02,640 Speaker 2: in that period of time. And now all of a 234 00:15:02,640 --> 00:15:05,440 Speaker 2: sudden we have the same number of herds, and you 235 00:15:05,560 --> 00:15:08,360 Speaker 2: have drought in certain areas and you don't have enough count. 236 00:15:08,600 --> 00:15:10,680 Speaker 2: Of course this price is going to go off. Where's 237 00:15:10,720 --> 00:15:13,280 Speaker 2: that have to do anything with a terrace? Then when 238 00:15:13,320 --> 00:15:16,120 Speaker 2: I start hearing people talking about certain things in terms 239 00:15:16,160 --> 00:15:19,560 Speaker 2: of well, you know, prices are going out of control, 240 00:15:19,800 --> 00:15:22,400 Speaker 2: and the prices are high and all this sort of stuff. 241 00:15:22,760 --> 00:15:27,120 Speaker 2: All right, Well, site examples. Let's look at each one 242 00:15:27,200 --> 00:15:31,400 Speaker 2: of these individual items, item by item. Instead of just 243 00:15:31,440 --> 00:15:36,120 Speaker 2: saying across the board. Now, maybe you know, maybe I'm 244 00:15:36,120 --> 00:15:41,040 Speaker 2: in a bubble here, maybe maybe I am not well. 245 00:15:41,080 --> 00:15:43,760 Speaker 2: I know, I'm not the typical consumer. I'm not the 246 00:15:43,800 --> 00:15:46,160 Speaker 2: first one in line to get the latest and greatest 247 00:15:46,200 --> 00:15:50,040 Speaker 2: electronic item. I'm not the first one in line to 248 00:15:50,120 --> 00:15:55,800 Speaker 2: see the latest movie that was premiered. So I am 249 00:15:56,120 --> 00:15:59,440 Speaker 2: kind of a steady consumer. I know what I like. 250 00:15:59,640 --> 00:16:01,600 Speaker 2: I know the things that I like to eat. I 251 00:16:01,680 --> 00:16:04,720 Speaker 2: know the food that I like to get. I know 252 00:16:04,800 --> 00:16:07,840 Speaker 2: the food that my wife and I we prefer, and 253 00:16:07,880 --> 00:16:11,240 Speaker 2: the food that we prepare here when we well at 254 00:16:11,240 --> 00:16:15,880 Speaker 2: the house. That what we buy. And so I am 255 00:16:15,960 --> 00:16:19,600 Speaker 2: focused on what we buy on a regular basis. Where 256 00:16:19,640 --> 00:16:22,160 Speaker 2: I buy my clothes, where I brought buy my shoes, 257 00:16:22,440 --> 00:16:25,920 Speaker 2: all these kinds of things. And quite honestly, I am 258 00:16:25,960 --> 00:16:28,960 Speaker 2: not seeing the inflation that a lot of people are 259 00:16:29,000 --> 00:16:33,160 Speaker 2: talking about now. If you're talking about a refrigerator, if 260 00:16:33,200 --> 00:16:35,720 Speaker 2: you're talking about a stereo, if you're talking about some 261 00:16:35,840 --> 00:16:39,040 Speaker 2: of this other equipment, but if you've got you're not 262 00:16:39,120 --> 00:16:43,360 Speaker 2: out buying appliances every day. And every time I've ever 263 00:16:43,400 --> 00:16:47,480 Speaker 2: had to buy a refrigerator, I am I have sticker 264 00:16:47,560 --> 00:16:50,920 Speaker 2: shocked by it. Because if you've bought the refrigerator ten 265 00:16:51,000 --> 00:16:53,760 Speaker 2: years ago, and now you're back in the market buying 266 00:16:53,760 --> 00:16:57,080 Speaker 2: a refrigerator. It's going to be a shock. And so 267 00:16:57,560 --> 00:17:00,800 Speaker 2: when you see these items and people talk about that, 268 00:17:01,240 --> 00:17:04,159 Speaker 2: is it stick or shocked from when they first purchased it. 269 00:17:04,600 --> 00:17:07,240 Speaker 2: Now there has been increases in terms as a result 270 00:17:07,320 --> 00:17:10,240 Speaker 2: of terrorists having to do with items coming in from 271 00:17:10,400 --> 00:17:13,280 Speaker 2: Asia and so on. That's been affected in the in 272 00:17:14,000 --> 00:17:18,800 Speaker 2: the furniture, been affected in electronics and those types of things. 273 00:17:19,240 --> 00:17:22,520 Speaker 2: But overall, when you look at the inflation, at least 274 00:17:22,680 --> 00:17:26,160 Speaker 2: the inflation that I'm seeing on what we're buying here 275 00:17:26,200 --> 00:17:29,800 Speaker 2: in this area. Now, if inflation is out of control, 276 00:17:30,080 --> 00:17:32,439 Speaker 2: one of the first things you start seeing is people 277 00:17:32,520 --> 00:17:36,320 Speaker 2: not spending, people holding back, and especially if it has 278 00:17:36,400 --> 00:17:39,640 Speaker 2: to do with some sort of a an item that's 279 00:17:39,720 --> 00:17:43,360 Speaker 2: not a necessity. You know, obviously, if it's a necessity, 280 00:17:43,400 --> 00:17:44,879 Speaker 2: you're gonna have to buy it, You're gonna have to 281 00:17:44,880 --> 00:17:48,280 Speaker 2: pay for it no matter what. But when you see 282 00:17:48,480 --> 00:17:52,040 Speaker 2: the luxury items, when you see things, you know, when 283 00:17:52,080 --> 00:17:55,520 Speaker 2: they talk about disposable income, what people spend their money 284 00:17:55,600 --> 00:17:58,879 Speaker 2: on at that point, then you look at those prices 285 00:17:59,320 --> 00:18:03,600 Speaker 2: and if those aren't to your satisfaction, you just don't 286 00:18:03,640 --> 00:18:06,760 Speaker 2: spend it. And what we saw at the end of 287 00:18:06,760 --> 00:18:10,560 Speaker 2: the pandemic you may recall, is that people had had 288 00:18:10,560 --> 00:18:15,040 Speaker 2: this pent up desire, this pent up anticipation, wanting to 289 00:18:15,080 --> 00:18:18,680 Speaker 2: get out and about. They had been stuck at home. 290 00:18:18,920 --> 00:18:21,960 Speaker 2: They were buying stuff having it delivered to the house. 291 00:18:22,240 --> 00:18:25,040 Speaker 2: They were spending money at the big box stores, improving 292 00:18:25,080 --> 00:18:29,520 Speaker 2: their homes, and so those prices went up. Remember, lumber 293 00:18:29,600 --> 00:18:33,040 Speaker 2: started going up. All the stuff that you would use 294 00:18:33,080 --> 00:18:36,800 Speaker 2: to renovate your house, all those prices came up. Why 295 00:18:37,240 --> 00:18:40,600 Speaker 2: because there were stimulus checks coming in. Some people were 296 00:18:40,640 --> 00:18:43,360 Speaker 2: still working, they were working from home, so they had 297 00:18:43,400 --> 00:18:46,000 Speaker 2: this additional income. The fact that they were going to 298 00:18:46,040 --> 00:18:49,240 Speaker 2: be stuck at home, they wanted to improve their living conditions, 299 00:18:49,440 --> 00:18:52,120 Speaker 2: so they did some renovations around the house. But as 300 00:18:52,160 --> 00:18:54,680 Speaker 2: a result of that, you started seeing some of those 301 00:18:54,880 --> 00:18:58,280 Speaker 2: items creep up. Because when you've got more dollars going 302 00:18:58,320 --> 00:19:01,920 Speaker 2: after the same items, aren't raising those prices. I didn't 303 00:19:01,920 --> 00:19:04,919 Speaker 2: hear anybody complaining about They would say, oh wow, did 304 00:19:04,920 --> 00:19:06,520 Speaker 2: you see the price of lumber, and then move on. 305 00:19:07,040 --> 00:19:09,399 Speaker 2: It wasn't like they were fixating. Was my god, the 306 00:19:09,440 --> 00:19:11,960 Speaker 2: world is coming to an end because this piece of 307 00:19:11,960 --> 00:19:14,640 Speaker 2: water or this thing went up tremendously. Oh my god, 308 00:19:14,680 --> 00:19:16,399 Speaker 2: what are we going to do? You know, it was 309 00:19:16,480 --> 00:19:19,679 Speaker 2: just oh okay, at the price went up, I'm going 310 00:19:19,720 --> 00:19:22,080 Speaker 2: to pay for it and move on. But now all 311 00:19:22,119 --> 00:19:25,240 Speaker 2: of a sudden, it seems people are fixated on certain things. 312 00:19:25,480 --> 00:19:28,720 Speaker 2: We just had a couple of weeks ago talking about 313 00:19:28,760 --> 00:19:32,760 Speaker 2: Walmart that them recognizing what's going on, that they are 314 00:19:32,840 --> 00:19:36,479 Speaker 2: making sure that they are sourcing from different organizations, different 315 00:19:36,480 --> 00:19:39,800 Speaker 2: suppliers to get the lowest prices that they can. They 316 00:19:39,840 --> 00:19:43,000 Speaker 2: talked about that the Thanksgiving meal is going to be 317 00:19:43,320 --> 00:19:46,520 Speaker 2: well was it fourteen percent cheaper than it was last year, 318 00:19:46,960 --> 00:19:49,960 Speaker 2: and that they have done a deal with with Butterball 319 00:19:50,000 --> 00:19:52,600 Speaker 2: turkey to get that down in ninety seven cents a pound, 320 00:19:52,800 --> 00:19:58,000 Speaker 2: which is the lowest level since twenty nineteen. So the 321 00:19:58,160 --> 00:20:01,119 Speaker 2: areas and the people that are focused on this and 322 00:20:01,160 --> 00:20:03,639 Speaker 2: the people that are working on this are doing a 323 00:20:03,640 --> 00:20:06,639 Speaker 2: good job. When you see the EV prices, when you 324 00:20:06,640 --> 00:20:10,160 Speaker 2: see that a couple of years ago, when they put 325 00:20:10,200 --> 00:20:13,120 Speaker 2: in the tax credit of seven thousand dollars and then 326 00:20:13,200 --> 00:20:17,160 Speaker 2: overnight the EV manufacturers of the dealers raised the prices 327 00:20:17,160 --> 00:20:19,760 Speaker 2: of those vehicles by seven thousand dollars. I didn't hear 328 00:20:19,760 --> 00:20:22,880 Speaker 2: anybody screaming and yelling about that, I pointed out here 329 00:20:22,920 --> 00:20:27,280 Speaker 2: on the show. But when I see what people are 330 00:20:27,320 --> 00:20:31,479 Speaker 2: complaining about and ask them for specifics, they can't provide 331 00:20:31,520 --> 00:20:36,720 Speaker 2: any I'm Kevin Gordon, America's struck A Network seven hundred WLW. 332 00:20:36,880 --> 00:20:43,840 Speaker 4: News Traffic and Weather News Radio seven hundred WLW, Cincinnati. 333 00:20:45,000 --> 00:20:49,160 Speaker 5: As votes are counted across the country, Democrats celebrating wins 334 00:20:49,240 --> 00:20:53,240 Speaker 5: in key races from coast to coasts with your twelve 335 00:20:53,320 --> 00:20:58,000 Speaker 5: thirty report, I'm Travis Laird breaking now in Virginia. Democrat 336 00:20:58,040 --> 00:21:01,600 Speaker 5: Abigail span Berger flipped the government office. In New Jersey, 337 00:21:01,760 --> 00:21:06,360 Speaker 5: Mikey Cheryl defeated Trump aligned Republican Jack Sattarelli. New York 338 00:21:06,400 --> 00:21:10,960 Speaker 5: City elected Democratic socialist Zoron Mamdanie Mayer, ending Andrew Cuomo's 339 00:21:10,960 --> 00:21:15,200 Speaker 5: attempted political comeback. In California, Prop fifty passed easily, eight 340 00:21:15,240 --> 00:21:18,760 Speaker 5: redistricting measure expected to shift five House seats to Democrats. 341 00:21:18,800 --> 00:21:22,440 Speaker 5: In twenty twenty six, President Trump blamed the government shutdown 342 00:21:22,480 --> 00:21:26,360 Speaker 5: for the losses and insisted, quote Trump wasn't on the ballot. 343 00:21:26,680 --> 00:21:29,480 Speaker 2: Now, let's say a look lad the latest. 344 00:21:29,160 --> 00:21:32,359 Speaker 4: Trafficking the Training, Heating and Cooling Weather Center on news 345 00:21:32,440 --> 00:21:34,680 Speaker 4: radio seven hundred WLW. 346 00:21:35,920 --> 00:21:38,600 Speaker 6: As we look ahead to our daybreak Wednesday, It's clear 347 00:21:38,640 --> 00:21:41,760 Speaker 6: and not as cold. Seven am. Temperature of forty seven 348 00:21:42,280 --> 00:21:45,359 Speaker 6: now rest of our Wednesday sunshine pleasant, a high a 349 00:21:45,440 --> 00:21:48,560 Speaker 6: sixty seven at night, fair skies, and we dropped to 350 00:21:48,640 --> 00:21:52,480 Speaker 6: thirty eight from your severe weather station. I'm nine first Warning, 351 00:21:52,600 --> 00:21:58,000 Speaker 6: Chief Meteorologist Steve Rawley, News Radio seven hundred WLW, Right 352 00:21:58,040 --> 00:22:01,720 Speaker 6: now forty five degrees sinnati here at home. Voters across 353 00:22:01,720 --> 00:22:04,720 Speaker 6: Greater Cincinnati decided a full slate of local races and 354 00:22:04,800 --> 00:22:07,040 Speaker 6: levees tonight. Mayor pure of all, of course, winning re 355 00:22:07,160 --> 00:22:11,200 Speaker 6: election all eight incumbents on Cincinnati City Council of one reelection, 356 00:22:11,359 --> 00:22:15,440 Speaker 6: joined by political Newcrumber newcomer Ryan James, a West End 357 00:22:15,480 --> 00:22:19,400 Speaker 6: residents and nonprofit advocate, who becomes the youngest black man 358 00:22:19,440 --> 00:22:23,040 Speaker 6: to ever be elected to council. Every winning candidate was 359 00:22:23,119 --> 00:22:26,000 Speaker 6: endorsed by the Democratic Party, including Vice Mayor jan Michelle 360 00:22:26,080 --> 00:22:30,399 Speaker 6: lemon Kearney Scotti, Johnson, Mika Owens, Mark Jeffries, Anna Albi, 361 00:22:30,680 --> 00:22:34,920 Speaker 6: Seth Walsh, Jennef Kramerding, and Evan Nolan. Former members Liz 362 00:22:35,000 --> 00:22:38,880 Speaker 6: Keating and Christopher Smitherman failed to regain their seats. Regionally, 363 00:22:39,119 --> 00:22:43,360 Speaker 6: voters rejected Lakota's half billion dollar facilities plan, but approved 364 00:22:43,359 --> 00:22:46,760 Speaker 6: oak Hill's bond issue to build two new schools Cincinnati 365 00:22:46,800 --> 00:22:49,520 Speaker 6: Public Schools ten year Levy renewal past and cole Rain 366 00:22:49,600 --> 00:22:53,679 Speaker 6: Township voters approved a police levee to add seven new officers. 367 00:22:53,720 --> 00:22:55,920 Speaker 6: Now let's do some sports. 368 00:22:56,240 --> 00:23:01,960 Speaker 7: Seven hundred w LW Sports Angles trading linebacker Logan Wilson 369 00:23:02,000 --> 00:23:04,800 Speaker 7: to the Cowboys for a seventh round pick red signing 370 00:23:04,880 --> 00:23:07,400 Speaker 7: right handed relief pitcher Keagan Thompson to a one year 371 00:23:07,440 --> 00:23:10,679 Speaker 7: deal the Ohio Bobcats defeating Miami twenty four to twenty 372 00:23:10,920 --> 00:23:13,360 Speaker 7: and in high school girls soccer State semi final action 373 00:23:13,480 --> 00:23:16,520 Speaker 7: in Ohio in Division one, seating over Pickerington North four 374 00:23:16,640 --> 00:23:19,720 Speaker 7: one D two Anthony Wayne shutting out Anderson one nil. 375 00:23:19,960 --> 00:23:22,000 Speaker 7: Baden with a one nil went over Hoban in D 376 00:23:22,119 --> 00:23:25,680 Speaker 7: three in Division four Summit Country Day six, Ottawa Glandorf two, 377 00:23:25,960 --> 00:23:28,800 Speaker 7: and in Division five Madera two, Fairbanks one. 378 00:23:29,200 --> 00:23:31,879 Speaker 5: Thank you as always, Lee Mallen. Your next update is 379 00:23:31,960 --> 00:23:35,280 Speaker 5: at one o'clock. Breaking news anytime I'm Travis Laird News 380 00:23:35,359 --> 00:23:38,320 Speaker 5: Radio seven hundred WLW. 381 00:23:39,119 --> 00:23:43,280 Speaker 2: From NBA Champion Stephen Curry comes shot ready, powerful, never 382 00:23:43,320 --> 00:23:46,000 Speaker 2: before seen. Look at the mindset that changed the game. 383 00:23:46,560 --> 00:23:47,800 Speaker 2: I fell in love with the GC. 384 00:23:54,000 --> 00:23:56,640 Speaker 8: Here's your trucking forecast the Try State in the rest 385 00:23:56,640 --> 00:23:59,360 Speaker 8: of the country. In the Try State, overnight partly cloudy, 386 00:23:59,400 --> 00:24:02,200 Speaker 8: the low dropping forty seven sunny Wednesday, highs into the 387 00:24:02,280 --> 00:24:05,399 Speaker 8: upper sixties Thursday, sunny sky's continuing. It will be cooler, 388 00:24:05,600 --> 00:24:08,240 Speaker 8: a high of fifty eight, rain in a possible storm 389 00:24:08,240 --> 00:24:11,680 Speaker 8: in the afternoon. Friday, a high of sixty four. Nationally, 390 00:24:11,760 --> 00:24:14,840 Speaker 8: the Pacific Northwest and northern California is seen unsettled weather 391 00:24:15,119 --> 00:24:17,760 Speaker 8: with a threat for flash floody Wednesday and Thursday from 392 00:24:17,800 --> 00:24:21,080 Speaker 8: northern California to the Olympic Mountains. A clipper system moving 393 00:24:21,080 --> 00:24:24,320 Speaker 8: through the northeast Wednesday into Thursday, bringing a thread of storms, 394 00:24:24,320 --> 00:24:27,080 Speaker 8: strong winds and snow and higher elevations. The middle of 395 00:24:27,119 --> 00:24:29,840 Speaker 8: the country meanwhile, see mostly above average temperatures. 396 00:24:31,200 --> 00:24:34,879 Speaker 2: Seven hundred wl W im Kevin Gordon. This is America 397 00:24:34,920 --> 00:24:37,520 Speaker 2: is struck in network. By the way, if you miss 398 00:24:37,560 --> 00:24:40,320 Speaker 2: any of our shows or miss any of our previous segments, 399 00:24:40,359 --> 00:24:42,520 Speaker 2: hit up that iHeartRadio app brought to you by our 400 00:24:42,520 --> 00:24:45,240 Speaker 2: friends at rush Throuck Centers. Talked about at the beginning 401 00:24:45,280 --> 00:24:47,600 Speaker 2: of the show talking about some of these reports and 402 00:24:47,680 --> 00:24:51,280 Speaker 2: what's interesting if you look at the report and the 403 00:24:51,280 --> 00:24:55,119 Speaker 2: person or the people that prepare the report versus the 404 00:24:55,280 --> 00:24:59,120 Speaker 2: people that report on the report, it seems like you're 405 00:24:59,200 --> 00:25:02,800 Speaker 2: looking at a comple letely different situation. It almost reminds 406 00:25:02,880 --> 00:25:05,760 Speaker 2: me of when a group of us were going to 407 00:25:06,160 --> 00:25:11,040 Speaker 2: these various city council meetings and county commissioner meetings and 408 00:25:11,080 --> 00:25:13,280 Speaker 2: we were trying to affect some change and get some 409 00:25:13,440 --> 00:25:16,000 Speaker 2: you know, make sure that we were keeping our finger 410 00:25:16,080 --> 00:25:18,360 Speaker 2: on the pulse and making sure that they were spending 411 00:25:18,400 --> 00:25:22,080 Speaker 2: money wisely, asking them questions about the budget, making sure 412 00:25:22,119 --> 00:25:25,000 Speaker 2: that when they put through it we're talking about a 413 00:25:25,080 --> 00:25:28,560 Speaker 2: tax increase, having to justify that and kind of embarrassing 414 00:25:28,600 --> 00:25:31,360 Speaker 2: them and you know, keeping you know, keeping their feet 415 00:25:31,440 --> 00:25:33,560 Speaker 2: to the fire, so to speak. And it was one 416 00:25:33,600 --> 00:25:35,720 Speaker 2: of those things where when you go to a meeting 417 00:25:36,240 --> 00:25:40,359 Speaker 2: and the questions are allowed by the audience, people would 418 00:25:40,400 --> 00:25:44,199 Speaker 2: ask amazing questions, and at the end of the meeting, 419 00:25:44,840 --> 00:25:49,080 Speaker 2: the reporters, instead of going over and asking the person, well, 420 00:25:49,160 --> 00:25:52,080 Speaker 2: you know what, you know what, why'd you bring this up? 421 00:25:52,160 --> 00:25:55,720 Speaker 2: And and were you satisfied with the answer or whatever. No, 422 00:25:56,200 --> 00:25:58,320 Speaker 2: they would make a bee line to go up and 423 00:25:58,400 --> 00:26:01,840 Speaker 2: talk to the head of the county or the mayor 424 00:26:02,080 --> 00:26:05,199 Speaker 2: or some of the city council to get their reaction 425 00:26:05,920 --> 00:26:08,800 Speaker 2: to what was being said. And it's almost like it 426 00:26:08,880 --> 00:26:12,520 Speaker 2: was these again. I mean, I've been calling I've been 427 00:26:12,520 --> 00:26:17,000 Speaker 2: calling reporters spoon fed regurgitators in the mainstream media for kind. 428 00:26:17,080 --> 00:26:20,159 Speaker 2: It seems like I've been twenty years now. And again 429 00:26:20,359 --> 00:26:23,800 Speaker 2: I emphasize the fact that in England they don't call 430 00:26:23,880 --> 00:26:28,240 Speaker 2: them news anchors. They call them news presenters. And if 431 00:26:28,240 --> 00:26:30,919 Speaker 2: you notice when they're doing the news, they are with 432 00:26:31,080 --> 00:26:34,399 Speaker 2: the hands, they're doing the hand gestures of pushing, you know, 433 00:26:34,560 --> 00:26:38,119 Speaker 2: out expressing that like they're presenting the news to you. 434 00:26:38,560 --> 00:26:43,399 Speaker 2: So it's not like they're doing this independent investigation and 435 00:26:43,440 --> 00:26:46,800 Speaker 2: digging into the things. They're just reporting what's there and 436 00:26:46,840 --> 00:26:49,879 Speaker 2: the old saying, if it leads, it bleeds. But these 437 00:26:50,080 --> 00:26:53,480 Speaker 2: spoon fed regurgitators in the mainstream media, and especially the 438 00:26:53,560 --> 00:26:56,720 Speaker 2: journalists with the newspapers and stuff, then make a bee 439 00:26:56,760 --> 00:26:59,120 Speaker 2: line to go up and talk to these people at 440 00:26:59,119 --> 00:27:03,280 Speaker 2: these meetings simply because hey, you know, it's a lot 441 00:27:03,359 --> 00:27:06,400 Speaker 2: easier to pick up the phone and have them report 442 00:27:06,440 --> 00:27:09,040 Speaker 2: the news to you so that you can regurgitate it 443 00:27:09,040 --> 00:27:12,199 Speaker 2: to the American public rather than going out and finding 444 00:27:12,200 --> 00:27:14,679 Speaker 2: out and digging into the story and coming up with 445 00:27:14,720 --> 00:27:17,479 Speaker 2: what the news it is. So they were going up 446 00:27:17,480 --> 00:27:19,959 Speaker 2: to suck up to them to say, well, you know, 447 00:27:20,320 --> 00:27:22,919 Speaker 2: what was your reaction to that question that was asked? 448 00:27:23,200 --> 00:27:26,320 Speaker 2: And so on. And when I'd get home from these meetings, 449 00:27:26,480 --> 00:27:28,639 Speaker 2: I'd say to my wife, I'd say, God, you know, 450 00:27:28,680 --> 00:27:31,159 Speaker 2: this meeting was really interesting. You know, this guy said this, 451 00:27:31,240 --> 00:27:33,120 Speaker 2: and this guy said that, and this guy said that. 452 00:27:33,680 --> 00:27:36,439 Speaker 2: And this was when we were still subscribing to the newspaper, 453 00:27:36,520 --> 00:27:38,760 Speaker 2: before we realized that it was a rag and it 454 00:27:38,840 --> 00:27:41,639 Speaker 2: was just, you know, nothing but nonsense. So we stopped 455 00:27:41,680 --> 00:27:46,120 Speaker 2: the subscription. But she would read the article and she goes, Okay, 456 00:27:46,160 --> 00:27:49,080 Speaker 2: did you really go to that meeting last night, because 457 00:27:49,080 --> 00:27:52,399 Speaker 2: what you said happened in the meeting certainly isn't reflected 458 00:27:52,400 --> 00:27:54,760 Speaker 2: in this in this article. And it was. We would 459 00:27:54,840 --> 00:27:59,080 Speaker 2: laugh about it because you know, you are witnessing something 460 00:27:59,119 --> 00:28:02,800 Speaker 2: with your own eyes. You are listening to what has 461 00:28:02,880 --> 00:28:06,199 Speaker 2: been said, and then you read the article about that. 462 00:28:06,680 --> 00:28:09,600 Speaker 2: And of course, when i'd bring this up, people kind 463 00:28:09,640 --> 00:28:12,960 Speaker 2: of at first, I mean, I'm talking fifteen twenty years ago. 464 00:28:13,080 --> 00:28:16,200 Speaker 2: I'm well, this is more recent, ten fIF ten years ago. 465 00:28:16,640 --> 00:28:20,800 Speaker 2: But for years I've brought these up and people will say, 466 00:28:21,080 --> 00:28:23,399 Speaker 2: you know, Kevin, you know, you just here, you know, 467 00:28:23,880 --> 00:28:28,359 Speaker 2: you're saying certain things about the news media. And I 468 00:28:28,480 --> 00:28:34,000 Speaker 2: find that hard to believe until somebody is interviewed by 469 00:28:34,119 --> 00:28:38,360 Speaker 2: a reporter and they will say that, well, jeez, this 470 00:28:38,400 --> 00:28:41,640 Speaker 2: person talked to me for like ten minutes and the 471 00:28:41,760 --> 00:28:45,560 Speaker 2: quote that they put in the newspaper wasn't anything near 472 00:28:45,960 --> 00:28:49,360 Speaker 2: what I said. And every time this would happen and 473 00:28:49,360 --> 00:28:51,360 Speaker 2: somebody tell me about it, I'd say, well, welcome to 474 00:28:51,360 --> 00:28:54,960 Speaker 2: my world, because when you look at what's being said 475 00:28:55,120 --> 00:28:58,959 Speaker 2: versus what the person interpreting what was said, it is 476 00:28:59,000 --> 00:29:02,040 Speaker 2: far different. Again, this is what I came to mind 477 00:29:02,040 --> 00:29:06,360 Speaker 2: when I'm looking at this particular report on manufacturing input. 478 00:29:06,640 --> 00:29:10,760 Speaker 2: All right, here's the story. S and P Global US 479 00:29:10,840 --> 00:29:15,720 Speaker 2: Manufacturing PMI. This Purchasing Manager's index. Steady growth of US 480 00:29:15,760 --> 00:29:21,640 Speaker 2: manufacturing sector in October, highest production underpinned by fastest demand 481 00:29:21,960 --> 00:29:27,200 Speaker 2: growth in twenty years. Then they say tariffs way on exports. 482 00:29:27,720 --> 00:29:32,479 Speaker 2: But again that is as we have had in the past. 483 00:29:32,720 --> 00:29:35,800 Speaker 2: When our goods are being sold overseas and they have 484 00:29:35,880 --> 00:29:38,720 Speaker 2: put tariffs on them, we are not selling as much 485 00:29:38,840 --> 00:29:41,680 Speaker 2: over there as we should. And the fact of these 486 00:29:41,760 --> 00:29:45,720 Speaker 2: tariffs are to bring some of those walls down and 487 00:29:45,840 --> 00:29:51,040 Speaker 2: make our goods more appealing or less restrictive in those countries. 488 00:29:51,320 --> 00:29:55,600 Speaker 2: So again tariff's way on exports. Well, they've been weighing 489 00:29:55,640 --> 00:29:58,920 Speaker 2: on exports all along because our trade and balance with 490 00:29:59,000 --> 00:30:02,600 Speaker 2: these other countries we had low terrace, they had high terrace. 491 00:30:03,840 --> 00:30:09,160 Speaker 2: Let me see underpin further steep rising input prices, survey 492 00:30:09,280 --> 00:30:14,040 Speaker 2: record increases, and finished goods. So finished goods are building up. 493 00:30:14,400 --> 00:30:17,520 Speaker 2: But then you go to the report having and I'll 494 00:30:17,560 --> 00:30:22,040 Speaker 2: get into what was said US manufactured mired in weakness 495 00:30:22,120 --> 00:30:26,960 Speaker 2: as tariff gloom spreads. That is the report from Reuters. 496 00:30:27,200 --> 00:30:33,080 Speaker 2: So getting into this, Chris Williamson, chief Business Economic Economists 497 00:30:33,120 --> 00:30:39,120 Speaker 2: at SMP Global, US manufacturers reported a solid start to 498 00:30:39,240 --> 00:30:44,800 Speaker 2: the fourth quarter, with the production rate rising at an 499 00:30:44,800 --> 00:30:51,160 Speaker 2: increase rate in response to encouragingly robust jump in new orders. 500 00:30:51,320 --> 00:30:57,040 Speaker 2: I'm having a problem reading this because the background is gray, 501 00:30:57,640 --> 00:31:00,320 Speaker 2: and the lights in here are kind of dull, So 502 00:31:00,720 --> 00:31:03,080 Speaker 2: go to flip on the light a little bit more. 503 00:31:03,120 --> 00:31:06,760 Speaker 2: All right, that's better. US manufacturing report a solid start 504 00:31:06,840 --> 00:31:11,080 Speaker 2: to the fourth quarter, with production rising at an increased 505 00:31:11,160 --> 00:31:16,360 Speaker 2: rate in response to the encouragingly robust jump in new orders. However, 506 00:31:17,120 --> 00:31:19,400 Speaker 2: lift the hood and the picture is not so healthy, 507 00:31:19,480 --> 00:31:22,240 Speaker 2: and then they start getting into some of the underlying 508 00:31:22,320 --> 00:31:26,920 Speaker 2: things that could cause problems. Most worrying is the unprecedented 509 00:31:27,000 --> 00:31:30,840 Speaker 2: rise in unsold stock reported in October. Well, that would 510 00:31:30,880 --> 00:31:33,880 Speaker 2: have to do not with the prices, but if people 511 00:31:33,920 --> 00:31:37,160 Speaker 2: are not buying things, or if the exports are slowing 512 00:31:37,200 --> 00:31:41,360 Speaker 2: down because these countries over there are balancing back and 513 00:31:41,400 --> 00:31:45,880 Speaker 2: forth between their tariffs and our terraffs, then maybe, well 514 00:31:46,000 --> 00:31:48,760 Speaker 2: we've been having problems selling stuff in those countries in 515 00:31:48,760 --> 00:31:50,920 Speaker 2: the first place, so a build up in some of 516 00:31:50,960 --> 00:31:54,120 Speaker 2: this inventory is not so bad. Plus the fact that 517 00:31:54,160 --> 00:31:56,720 Speaker 2: you had at the beginning of the year you had 518 00:31:56,800 --> 00:31:59,040 Speaker 2: in trying to get ahead of some of these tariffs 519 00:31:59,320 --> 00:32:02,760 Speaker 2: that were going to go into place, people were buying 520 00:32:02,800 --> 00:32:05,520 Speaker 2: a lot of stuff and having that in stock and 521 00:32:05,560 --> 00:32:08,880 Speaker 2: then working off of that stock. So anything else that's 522 00:32:08,960 --> 00:32:13,720 Speaker 2: produced is now building up as well. Companies have also 523 00:32:13,840 --> 00:32:17,840 Speaker 2: become less optimistic about the year ahead, with the sentiment 524 00:32:18,080 --> 00:32:21,920 Speaker 2: back down close to the gloomy levels seen around the 525 00:32:21,960 --> 00:32:26,560 Speaker 2: April tariffs. Now, again, when you're talking about all this 526 00:32:26,640 --> 00:32:29,440 Speaker 2: stuff going on in the economy, when you're talking about 527 00:32:29,680 --> 00:32:34,440 Speaker 2: whether or not this country is going to agree with 528 00:32:34,480 --> 00:32:37,320 Speaker 2: the terraffs or they're going to agree to some of 529 00:32:37,360 --> 00:32:43,080 Speaker 2: the changes and some of the trade deals between the 530 00:32:43,120 --> 00:32:46,640 Speaker 2: individual countries, these things are going to be in flux. 531 00:32:47,160 --> 00:32:51,160 Speaker 2: But as it works out, and what we've seen over 532 00:32:51,200 --> 00:32:54,520 Speaker 2: the entire year is that some of the stuff that 533 00:32:54,640 --> 00:32:58,120 Speaker 2: was being predicted hasn't come true, and they keep putting 534 00:32:58,120 --> 00:33:03,000 Speaker 2: it off. Again. They're talking in here about off to 535 00:33:03,120 --> 00:33:06,640 Speaker 2: a good start, but the worrysome and again this being 536 00:33:06,680 --> 00:33:10,480 Speaker 2: a survey of what you're seeing in the future when 537 00:33:10,520 --> 00:33:13,320 Speaker 2: you don't know what the future is and there are 538 00:33:13,360 --> 00:33:15,800 Speaker 2: certain things that are in there that still have to 539 00:33:15,800 --> 00:33:20,280 Speaker 2: be unresolved. This whole concept of when you're being told 540 00:33:20,400 --> 00:33:23,800 Speaker 2: by the spoon fed regurgitators in the mainstream media that 541 00:33:23,960 --> 00:33:26,360 Speaker 2: this isn't going to happen, this isn't going to happen, 542 00:33:27,040 --> 00:33:29,880 Speaker 2: and then it does happen and things turn around then 543 00:33:29,960 --> 00:33:33,080 Speaker 2: you look kind of foolish. But again with a survey 544 00:33:33,160 --> 00:33:35,960 Speaker 2: and asking somebody to predict ahead what's going to be 545 00:33:36,240 --> 00:33:39,160 Speaker 2: like next year, that's kind of next to them possible 546 00:33:39,200 --> 00:33:41,360 Speaker 2: because you don't know what the factors are going to be. 547 00:33:41,760 --> 00:33:43,520 Speaker 2: You don't know what's going to happen with the war 548 00:33:43,520 --> 00:33:46,520 Speaker 2: in Ukraine, you don't know what's going to happen as 549 00:33:46,600 --> 00:33:50,160 Speaker 2: far as trade deals with China and all that stuff 550 00:33:50,240 --> 00:33:52,520 Speaker 2: being in the mix at this particular point in time 551 00:33:52,760 --> 00:33:55,160 Speaker 2: kind of clouds what you're thinking about in the future. 552 00:33:55,360 --> 00:33:57,880 Speaker 2: We'll pick this up. I'm Kevin Gordon, America Struck a 553 00:33:57,920 --> 00:33:59,960 Speaker 2: network seven hundred WLW. 554 00:34:00,520 --> 00:34:02,400 Speaker 3: You've got a ton of equity in your home. 555 00:34:02,480 --> 00:34:04,160 Speaker 2: You're sitting on a gold mine. 556 00:34:04,480 --> 00:34:06,520 Speaker 3: You could do so much with all that cash, like. 557 00:34:06,520 --> 00:34:10,680 Speaker 2: Short the PMI, the Purchasing Manager's Index, and how they 558 00:34:10,680 --> 00:34:15,279 Speaker 2: are seeing now. Reuters is reporting in their story of 559 00:34:15,320 --> 00:34:18,400 Speaker 2: this report, so they're reporting on the report. The title 560 00:34:18,480 --> 00:34:22,000 Speaker 2: is US manufacturing mired and weakness as tariff gloom spreads 561 00:34:22,080 --> 00:34:25,439 Speaker 2: all right in here. They start off with US manufacturing 562 00:34:25,760 --> 00:34:28,839 Speaker 2: contracted for an eighth straight month in October, as new 563 00:34:28,960 --> 00:34:33,480 Speaker 2: orders remained subdued and supplies and suppliers were taking longer 564 00:34:33,520 --> 00:34:37,080 Speaker 2: to deliver materials to factories against the backdrop of tariffs 565 00:34:37,120 --> 00:34:40,640 Speaker 2: on imported goods. Counts from the manufacturers in the Institute 566 00:34:40,640 --> 00:34:44,840 Speaker 2: for Supply Management survey on Monday painted a dire picture 567 00:34:45,200 --> 00:34:50,120 Speaker 2: of the factory sector. They didn't say dire in the report. 568 00:34:50,160 --> 00:34:54,560 Speaker 2: They were saying that they were concerned. Not dire, but concerned, Okay, 569 00:34:54,760 --> 00:34:59,120 Speaker 2: dire picture of the factory sector, which, ironically, President Donald 570 00:34:59,160 --> 00:35:03,600 Speaker 2: Trump's sweeping duties are intended to stimulate. Economists have long 571 00:35:03,760 --> 00:35:07,520 Speaker 2: argued it was impossible to restore manufacturing to its former 572 00:35:07,600 --> 00:35:13,120 Speaker 2: glory because of structural issues, including worker shortages. Now, now 573 00:35:13,160 --> 00:35:15,359 Speaker 2: that we've had all this, we've had one, two, three, 574 00:35:15,400 --> 00:35:18,960 Speaker 2: and then four paragraphs in where they're talking about all 575 00:35:19,000 --> 00:35:22,640 Speaker 2: this dire stuff and stuff not going so well, the 576 00:35:22,800 --> 00:35:28,800 Speaker 2: ism said it's manufacturing. PMI fell to forty eight point 577 00:35:28,880 --> 00:35:33,080 Speaker 2: seven last month from forty nine point one. Folks, that's 578 00:35:33,080 --> 00:35:36,680 Speaker 2: a four tenths of a percentage point drop. Okay, so 579 00:35:36,960 --> 00:35:41,400 Speaker 2: it's not like the sky is falling from the September number. 580 00:35:41,600 --> 00:35:46,840 Speaker 2: A reading below fifty indicates contraction and manufacturing, which accounts 581 00:35:46,840 --> 00:35:50,040 Speaker 2: for ten point one percent of the economy. Then in 582 00:35:50,080 --> 00:35:56,600 Speaker 2: the following paragraph, PMI remained above forty two point three. 583 00:35:57,040 --> 00:36:00,720 Speaker 2: So if it's at forty eight point seven, remain above 584 00:36:00,800 --> 00:36:05,600 Speaker 2: forty two point three. So it's six point four percentage 585 00:36:05,600 --> 00:36:09,600 Speaker 2: points higher than that, a forty two point three level 586 00:36:09,800 --> 00:36:14,319 Speaker 2: that the ism said over time was consistent with an 587 00:36:14,400 --> 00:36:19,919 Speaker 2: expansion of the overall economy. So it's come down four 588 00:36:20,000 --> 00:36:23,239 Speaker 2: tenths of one percentage point and they want you to 589 00:36:23,320 --> 00:36:27,120 Speaker 2: think that the sky is falling, but we're still six 590 00:36:27,160 --> 00:36:32,440 Speaker 2: point four percent above where it shows consistent with the 591 00:36:32,560 --> 00:36:36,839 Speaker 2: expansion of the overall economy. Economists pulled by Reuters had 592 00:36:36,880 --> 00:36:39,440 Speaker 2: forecasts at PMI, and they go into what the economists 593 00:36:39,480 --> 00:36:44,480 Speaker 2: had predicted. But again that to me, it's almost like 594 00:36:44,520 --> 00:36:49,200 Speaker 2: they have contradicted themselves in the same story. Not only 595 00:36:49,840 --> 00:36:52,560 Speaker 2: they didn't even bother going a couple of paragraphs later, 596 00:36:52,600 --> 00:36:55,080 Speaker 2: it was the very next paragraph. And this is the 597 00:36:55,120 --> 00:36:58,280 Speaker 2: thing that I keep stressing when you go to these headlines, 598 00:36:58,360 --> 00:37:00,719 Speaker 2: Like I said, if you were just rolling through your 599 00:37:00,760 --> 00:37:03,520 Speaker 2: headlines or the headlines, if you get your phone and 600 00:37:03,560 --> 00:37:05,560 Speaker 2: you pull that up, which was a lot of people, 601 00:37:06,120 --> 00:37:09,520 Speaker 2: a lot of young people and you know some people, 602 00:37:09,800 --> 00:37:12,680 Speaker 2: older people. They scroll through their phones and they see 603 00:37:12,800 --> 00:37:16,279 Speaker 2: the headlines. So if you see a headline US manufacturing 604 00:37:16,400 --> 00:37:21,600 Speaker 2: mired in weakness as tariff glooms, gloom spreads. Okay, where 605 00:37:21,719 --> 00:37:25,439 Speaker 2: is that in this comment here about the expansion of 606 00:37:25,520 --> 00:37:32,000 Speaker 2: the manufacturing See the headline doesn't match the story. Okay. 607 00:37:32,520 --> 00:37:36,840 Speaker 2: Then they talk about a month long shutdown US government 608 00:37:37,120 --> 00:37:39,640 Speaker 2: is making it difficult to get a good read of 609 00:37:39,680 --> 00:37:42,880 Speaker 2: the economy. The shutdown, on track to be the longest 610 00:37:42,920 --> 00:37:47,480 Speaker 2: on record, has caused a government economic data blackout. Prior 611 00:37:47,640 --> 00:37:51,920 Speaker 2: to the shutdown, the economy appeared to be on solid 612 00:37:51,920 --> 00:37:55,240 Speaker 2: footing for much of the third quarter, spurred by consumer 613 00:37:55,360 --> 00:37:59,839 Speaker 2: spending and to some extent, business investment in artificial intelligence. 614 00:38:00,200 --> 00:38:06,120 Speaker 2: But the shutdown could undercut consumer spending. As food aid 615 00:38:06,520 --> 00:38:09,719 Speaker 2: to nearly forty two million people lapsed on Saturday. That 616 00:38:09,800 --> 00:38:12,440 Speaker 2: has been taken care of. Something like sixty percent of 617 00:38:12,480 --> 00:38:15,480 Speaker 2: those benefits have been done, and it will be And 618 00:38:15,560 --> 00:38:18,719 Speaker 2: now that the election is over and we don't have 619 00:38:18,760 --> 00:38:22,120 Speaker 2: to worry about all those people talking about the economy 620 00:38:22,160 --> 00:38:25,239 Speaker 2: and of focus on that, and then how horrible the 621 00:38:25,280 --> 00:38:29,520 Speaker 2: Trump administration is because they're trying to get themselves elected. 622 00:38:29,600 --> 00:38:33,160 Speaker 2: Now that that's all behind us, maybe now the Democrats 623 00:38:33,200 --> 00:38:35,400 Speaker 2: will say, you know what, we're going to end the 624 00:38:35,400 --> 00:38:38,640 Speaker 2: Schumer shut down. We're going to stop insisting on you 625 00:38:38,680 --> 00:38:41,759 Speaker 2: know what, do we keep hearing We kept hearing that, 626 00:38:41,920 --> 00:38:46,600 Speaker 2: you know, our budget deficit is now over our debt 627 00:38:46,760 --> 00:38:50,680 Speaker 2: is now over thirty seven trillion dollars. It's unsustainable. We're 628 00:38:50,719 --> 00:38:53,120 Speaker 2: going to go bankrupt as a country. But oh, by 629 00:38:53,160 --> 00:38:56,600 Speaker 2: the way, let's add one point five trillion more dollars 630 00:38:56,640 --> 00:39:00,400 Speaker 2: to that, because we want to provide all kinds of 631 00:39:00,400 --> 00:39:03,560 Speaker 2: services to people that aren't even citizens of this country. 632 00:39:03,840 --> 00:39:06,520 Speaker 2: While our veterans are out on the street. Our veterans 633 00:39:06,520 --> 00:39:09,399 Speaker 2: aren't getting the care that they need. And we spent 634 00:39:09,560 --> 00:39:12,840 Speaker 2: one point what is it, one point five trillion dollars 635 00:39:13,040 --> 00:39:15,760 Speaker 2: on the Green News steal over the last several years, 636 00:39:15,880 --> 00:39:18,640 Speaker 2: when we could have been spending that on infrastructure, repairing 637 00:39:18,640 --> 00:39:23,359 Speaker 2: our roads. So we're not damaging our suspensions, and we 638 00:39:23,400 --> 00:39:27,279 Speaker 2: could provide more for our veterans. But let's spend one 639 00:39:27,360 --> 00:39:32,040 Speaker 2: point five trillion dollars on people that have invaded this country. 640 00:39:32,280 --> 00:39:34,920 Speaker 2: And we want to spend that money rather than and 641 00:39:35,239 --> 00:39:37,719 Speaker 2: we'll grow the deficit, but not to do anything for 642 00:39:37,760 --> 00:39:42,080 Speaker 2: our veterans. Unbelievable. So anyway, maybe now that the election 643 00:39:42,239 --> 00:39:46,800 Speaker 2: has passed and those are still settled and whatever, the 644 00:39:46,880 --> 00:39:48,759 Speaker 2: numbers are going to be coming out. As far as that, 645 00:39:49,080 --> 00:39:53,000 Speaker 2: I honestly didn't want to even look well, I did 646 00:39:53,080 --> 00:39:55,239 Speaker 2: look at it a little bit, but just you know, 647 00:39:55,280 --> 00:39:58,040 Speaker 2: it's like I just I'll deal with it later on, 648 00:39:58,160 --> 00:40:00,200 Speaker 2: you know, when we get home, because I did I 649 00:40:00,239 --> 00:40:03,560 Speaker 2: didn't make I did record some of it just so 650 00:40:03,600 --> 00:40:06,040 Speaker 2: I could get an idea of what they were talking 651 00:40:06,040 --> 00:40:10,359 Speaker 2: about at the time. So it's amazing when you look 652 00:40:10,400 --> 00:40:13,400 Speaker 2: at these numbers. Now. What we've been hearing also along 653 00:40:13,440 --> 00:40:17,160 Speaker 2: the way, is that China is not cooperating China. We've 654 00:40:17,160 --> 00:40:21,400 Speaker 2: had this problem. Trump met with the Jijingpang last week 655 00:40:21,600 --> 00:40:24,120 Speaker 2: and already as a result of that, you know, they 656 00:40:24,120 --> 00:40:27,480 Speaker 2: were talking about, well, they did not buy as much 657 00:40:27,520 --> 00:40:29,759 Speaker 2: soybeans this year as they did last year, and they're 658 00:40:29,800 --> 00:40:33,160 Speaker 2: not buying wheat all right. Well, what I'm not hearing 659 00:40:33,800 --> 00:40:37,200 Speaker 2: is that where are they buying it, because there's if 660 00:40:37,239 --> 00:40:39,800 Speaker 2: you're talking about soybean and wheat, you're still going to 661 00:40:39,880 --> 00:40:41,680 Speaker 2: have to feed your people. Your people are going to 662 00:40:41,719 --> 00:40:44,400 Speaker 2: have to eat something now where they're working off the 663 00:40:44,480 --> 00:40:48,680 Speaker 2: stockpiles that they've built up because as we've seen that 664 00:40:48,800 --> 00:40:53,759 Speaker 2: with the oil supplies and stuff their economy, their economy 665 00:40:53,840 --> 00:40:56,920 Speaker 2: is not as strong as everybody likes to think. And 666 00:40:57,200 --> 00:41:00,880 Speaker 2: the cracks in this economy come about periodic. When you 667 00:41:00,920 --> 00:41:03,319 Speaker 2: see some of their production coming down, when you see 668 00:41:03,360 --> 00:41:06,799 Speaker 2: their manufacturing stalling, when you see their GDP falling, when 669 00:41:06,800 --> 00:41:10,719 Speaker 2: you see the fact that the property values within the 670 00:41:10,800 --> 00:41:13,839 Speaker 2: country are falling and those aren't coming back, those are 671 00:41:13,880 --> 00:41:16,799 Speaker 2: not good signs. But what they have been doing is 672 00:41:16,880 --> 00:41:19,719 Speaker 2: they have still been buying a lot of oil, and 673 00:41:19,840 --> 00:41:22,560 Speaker 2: people are trying to say, well, the economy must not 674 00:41:22,680 --> 00:41:25,600 Speaker 2: be too bad because they're built buying a lot of oil. 675 00:41:25,800 --> 00:41:27,960 Speaker 2: They're buying the same amount of oil that they were 676 00:41:28,000 --> 00:41:30,840 Speaker 2: over the last few years. But all of a sudden, 677 00:41:31,320 --> 00:41:33,720 Speaker 2: even though you know, even though it's a closed society 678 00:41:33,719 --> 00:41:36,280 Speaker 2: over there and we don't get free flow of information, 679 00:41:37,200 --> 00:41:39,360 Speaker 2: the words have come out that they have been building 680 00:41:39,440 --> 00:41:42,319 Speaker 2: up their stockpiles. Now my question is what are they 681 00:41:42,320 --> 00:41:45,200 Speaker 2: building up those stockpiles for. Are they building up for 682 00:41:45,239 --> 00:41:47,239 Speaker 2: a stockpile to the point where if they want to 683 00:41:47,520 --> 00:41:50,680 Speaker 2: do some oh, I don't know, maybe try to invade 684 00:41:51,200 --> 00:41:55,760 Speaker 2: Taiwan or do some sort of expansion of their country 685 00:41:55,840 --> 00:41:58,960 Speaker 2: or try to take over more territory or whatever that 686 00:41:59,000 --> 00:42:02,160 Speaker 2: they're worried about that if the oil supplies are cut 687 00:42:02,400 --> 00:42:04,640 Speaker 2: that they won't be able to fund that. So what 688 00:42:04,680 --> 00:42:07,160 Speaker 2: they're doing is building up over the years, they bought 689 00:42:07,200 --> 00:42:10,160 Speaker 2: a certain amount of grain. Maybe they've stored dataup because 690 00:42:10,239 --> 00:42:12,640 Speaker 2: obviously if they're not buying it from US, if they're 691 00:42:12,680 --> 00:42:15,840 Speaker 2: not indicating that they've bought it from anybody else. So 692 00:42:16,440 --> 00:42:23,240 Speaker 2: now that they're buying the soybeans and the wheat, maybe 693 00:42:23,239 --> 00:42:26,360 Speaker 2: they've been working off of their supplies that they've had. 694 00:42:26,800 --> 00:42:29,680 Speaker 2: So now all of a sudden, all this concern that 695 00:42:29,920 --> 00:42:32,240 Speaker 2: our farmers are going to have a problem with their crops, 696 00:42:32,600 --> 00:42:35,000 Speaker 2: which is going to be subsidized by the federal government 697 00:42:35,040 --> 00:42:37,520 Speaker 2: because if they're not being bought by China, they will 698 00:42:37,560 --> 00:42:40,759 Speaker 2: subsidize that. But now China's saying that they're going to 699 00:42:40,760 --> 00:42:44,200 Speaker 2: start buying all this stuff from the United States now. 700 00:42:44,360 --> 00:42:47,440 Speaker 2: So as a result of last week's trip to Asia 701 00:42:47,480 --> 00:42:52,120 Speaker 2: and sitting down with Jijingping, the ball has been moving 702 00:42:52,480 --> 00:42:54,680 Speaker 2: and the needle has been moving as far as trade 703 00:42:54,680 --> 00:42:57,759 Speaker 2: with China and raising getting to a certain deal. So 704 00:42:58,640 --> 00:43:02,440 Speaker 2: it's been a weird week and it's a weird and 705 00:43:02,160 --> 00:43:03,960 Speaker 2: I don't know if it's going to get any clearer 706 00:43:03,960 --> 00:43:06,360 Speaker 2: by the end of the week. But what we're seeing 707 00:43:06,400 --> 00:43:10,560 Speaker 2: on one end is being counterbalanced by something else. For 708 00:43:10,680 --> 00:43:13,040 Speaker 2: every bit of good news we're seeing, we're seeing a 709 00:43:13,040 --> 00:43:16,440 Speaker 2: little bit of possible bad news. And you know it'll 710 00:43:16,520 --> 00:43:19,960 Speaker 2: straighten itself out. But folks, we're up against clock here. Time, 711 00:43:20,000 --> 00:43:22,520 Speaker 2: fresh suit out the door. Stay tuned for Red Eye 712 00:43:22,640 --> 00:43:26,800 Speaker 2: Radio The Top the Hour. I'm Kevin Gordon, America's Trucking Network. 713 00:43:26,880 --> 00:43:30,600 Speaker 2: Trucking Network seven hundred w LW. 714 00:43:31,680 --> 00:43:36,759 Speaker 4: News, Traffic and Weather. News Radio seven hundred w l 715 00:43:37,080 --> 00:43:39,400 Speaker 4: W Cincinnati. 716 00:43:39,680 --> 00:43:41,080 Speaker 3: Pure Vaul Davits Bowman. 717 00:43:41,440 --> 00:43:44,919 Speaker 7: If your Top of the Hour reports, I'mley Mallin Breaking Now, 718 00:43:45,239 --> 00:43:45,600 Speaker 7: that is