WEBVTT - 11-5-25 America's Truckin' Network

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<v Speaker 1>This is America's Truck and Network with Kevin Gordon.

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<v Speaker 2>Welcome aboard, Thanks for tuning in on this Wednesday morning

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<v Speaker 2>America's Truck and Network, the show that is the exception

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<v Speaker 2>to the rule that nothing good happens after midnight. By

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<v Speaker 2>the way, this came up the other day, my wife

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<v Speaker 2>and I were talking. We were watching a couple of shows,

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<v Speaker 2>and you know, at the beginning of the show, the

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<v Speaker 2>host will say something like, We've got a really great

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<v Speaker 2>show for you today and all this, and I'm thinking, well,

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<v Speaker 2>what was yesterday's show or you know, was that you know,

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<v Speaker 2>kind of a whole home show. At least you'll never

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<v Speaker 2>hear that on this program, because after all, it just

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<v Speaker 2>goes without saying, we're getting all This is kind of

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<v Speaker 2>one of the most confusing weeks I've seen as far

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<v Speaker 2>as news cycle, as far as what's going on in

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<v Speaker 2>the trucking industry, what we're hearing, what we're seeing, what's

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<v Speaker 2>going on. We're hearing reports that for months now. I mean,

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<v Speaker 2>you had all this conversation and I've had conversations with

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<v Speaker 2>you folks at the American at the Mid America Trucking

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<v Speaker 2>Show about over capacity, the driver shortage, and back and

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<v Speaker 2>forth that way, and a lot of people for years

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<v Speaker 2>have been saying there is no such thing as a

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<v Speaker 2>driver shortage. The key is having qualified drivers, having people

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<v Speaker 2>that follow the rules, and we've seen that as a

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<v Speaker 2>result of that, there have been things put in place

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<v Speaker 2>because the scenario, or the political line, or what everybody's

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<v Speaker 2>been pointing at with this driver shortage is that this force.

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<v Speaker 2>When you have a shortage of something and you try

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<v Speaker 2>to fix it, you have to do certain things in

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<v Speaker 2>order to fix it. And what one of the things

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<v Speaker 2>was is what's led to the illegals, the lack of training,

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<v Speaker 2>the significant training of people out on the highway, illegals

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<v Speaker 2>with expired visas actually on the road. Lack of enforcing

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<v Speaker 2>the English language proficiency. Now what we're seeing with the

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<v Speaker 2>enforcement of that and the revocation of those CDLs, all

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<v Speaker 2>of a sudden, everybody is talking about that. Oh well,

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<v Speaker 2>now we know the overcapacity is shrinking and that could

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<v Speaker 2>be a problem as well. Well, it's either one or

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<v Speaker 2>the other. Either you have too many drivers or you

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<v Speaker 2>don't have enough drivers. And if you don't have enough

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<v Speaker 2>drive let's back up a second. Okay, let's use some

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<v Speaker 2>common sense here, all right, if there's a lack of

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<v Speaker 2>if there was a lack of shortage or a lack

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<v Speaker 2>of drivers and a driver shortage, that would mean that

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<v Speaker 2>there's not enough drivers to drive the trucks because of

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<v Speaker 2>the volume that there is in the industry, and that

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<v Speaker 2>shelves would be empty. Certain things aren't getting delivered. Stuff

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<v Speaker 2>is backing up on either the docks coming in from

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<v Speaker 2>the imports or at warehouses, or orders are not being

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<v Speaker 2>filled because there's nobody on the road. We haven't heard

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<v Speaker 2>any of that. There has been plenty with the exception

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<v Speaker 2>of the pandemic obviously, when a lot of businesses were

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<v Speaker 2>shut down, factories were closed, and of course nothing was moving.

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<v Speaker 2>That which was moving, the only way that it was

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<v Speaker 2>moving was by the trucking industry and the heroes that

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<v Speaker 2>you all, we're out there all of a sudden, once

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<v Speaker 2>the pandemic was over, it's just back to normal. It's

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<v Speaker 2>just like, oh, you know, they're just truck drivers, you know,

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<v Speaker 2>not very important. It's just the truck drivers. And so

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<v Speaker 2>now the focus is on when we've seen when there

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<v Speaker 2>are bad drivers out there and those lead to accidents,

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<v Speaker 2>and people dig into that and say that, well, these

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<v Speaker 2>people were unqualified, they shouldn't have been there in the

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<v Speaker 2>first place. Then all of a sudden, the focus goes

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<v Speaker 2>on that, and then start people start talking about what

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<v Speaker 2>we need trained truck drivers out there and people that

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<v Speaker 2>are adequately schooled and capacity tests, which you guys have

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<v Speaker 2>been screaming for for years, but now we're starting to

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<v Speaker 2>hear that the capacity is shrinking, when in fact we're

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<v Speaker 2>talking about whether or not. Again, we're not talking about

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<v Speaker 2>anybody saying that stuff isn't getting delivered. There aren't you know,

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<v Speaker 2>this stuff is stacking up the warehouse. So we've got

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<v Speaker 2>that dynamic going on. We got some numbers yesterday on

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<v Speaker 2>us manufacturing, and on the one hand, the people that

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<v Speaker 2>write the report are saying one thing, and the people

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<v Speaker 2>that are interpreting the report are saying another. We're hearing

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<v Speaker 2>stuff about companies starting to lay people off, and I

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<v Speaker 2>find it interesting that when and the companies we mentioned yesterday,

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<v Speaker 2>and we've got more details on that, and of course

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<v Speaker 2>it'll come up because there's a couple of other companies

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<v Speaker 2>that have been added to the list, and they're included

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<v Speaker 2>in what we talked about yesterday. When you look at

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<v Speaker 2>Amazon and ups, all right, they're talking about layoffs there,

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<v Speaker 2>and in Amazon's case, they're doing more automation. Well, that

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<v Speaker 2>isn't affected by tariffs. If you're moving goods and you're

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<v Speaker 2>moving supplies, you're moving packages from one end of the

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<v Speaker 2>country to the other, that isn't involved in tariffs. So

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<v Speaker 2>people trying to blame any layoffs as opposed with Amazon

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<v Speaker 2>having to do with tariffs or any of those pressures

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<v Speaker 2>there again is unwarranted. But we also saw with Amazon

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<v Speaker 2>a couple of years ago, weren't they at the forefront

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<v Speaker 2>of we are now boosting our employees. We have increased

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<v Speaker 2>their salaries from twelve dollars or whatever up to twenty

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<v Speaker 2>dollars an hour, and we're going to start paying for vacation,

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<v Speaker 2>and we're going to we're gonna be having benefits and

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<v Speaker 2>all this sort of stuff. Well, now all of a

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<v Speaker 2>sudden they're laying people off. Did they not have the

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<v Speaker 2>business plan to look forward and say, gee whiz, if

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<v Speaker 2>we based on our volume based on the number of

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<v Speaker 2>packages that we are delivered, bring on a regular basis,

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<v Speaker 2>based on what we forecast the number of packages that

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<v Speaker 2>we're going to be doing, we need x number of employees.

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<v Speaker 2>Did they not factor in the fact that if you

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<v Speaker 2>raise people's salary, that's going to cut into your profitability,

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<v Speaker 2>which Amazon's not hurting as far as profit is concerned.

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<v Speaker 2>But now all of a sudden, they're starting to lay

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<v Speaker 2>people off and they want to find some reason to

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<v Speaker 2>blame it, and they're trying to blame it on the

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<v Speaker 2>soft economy, or they're trying to blame it on tariffs,

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<v Speaker 2>or how about blaming it on yourselves by over promising

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<v Speaker 2>and underproducing in terms of what you're doing. UPS mentioning

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<v Speaker 2>that they were going to be laying off some of

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<v Speaker 2>their employees, that they were going to actually not laying

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<v Speaker 2>them off, because layoffs indicate that you're bringing them back,

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<v Speaker 2>but firing and eliminating certain positions. Wasn't it just two

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<v Speaker 2>years ago that UPS signed that big contract with their

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<v Speaker 2>employees about a year and a half ago, I guess,

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<v Speaker 2>and took their out they were Now the truck drivers

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<v Speaker 2>for UPS are making one hundred and seventy five thousand

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<v Speaker 2>dollars a year. Now. I'm not begrudging anybody getting what

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<v Speaker 2>they can, but if you're overpricing yourself out of a

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<v Speaker 2>out of a job and the benefit that that job

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<v Speaker 2>provides to that employer isn't enough to cover the cost.

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<v Speaker 2>I mean, you've got to be able to produce a

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<v Speaker 2>certain number of items, and that certain number of items

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<v Speaker 2>has at retail has to then cover the cost of

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<v Speaker 2>keeping the lights on, of keeping the process moving, keeping

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<v Speaker 2>the trucks maintained, keeping the warehousing up and going, and

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<v Speaker 2>making sure that the renovations and maintenance that needs to

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<v Speaker 2>go on these facilities, and also pay your employees, and

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<v Speaker 2>so that in order to turn a profit, you have

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<v Speaker 2>to sell or you have to produce or deliver enough

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<v Speaker 2>package to cover all those expenses. And if you're going

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<v Speaker 2>to go out and raise your people's salary and under

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<v Speaker 2>this contract by ten percent every year for the next

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<v Speaker 2>six years, at some point in time you're looking at

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<v Speaker 2>that and your profitability isn't as much as it was.

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<v Speaker 2>And now these people are being laid off and they

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<v Speaker 2>want to blame it on the economy. See, these are

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<v Speaker 2>the things that when you dig into the numbers, when

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<v Speaker 2>you understand the numbers and you remember what they've done

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<v Speaker 2>in the past that got them into this position, a

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<v Speaker 2>lot of their arguments that they're using just don't fly.

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<v Speaker 2>I'm Kevin Gordon, America's Trucking Network seven hundred WLW.

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<v Speaker 1>I need this is the Braething reward on America's Trucking

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<v Speaker 1>Network on seven hundred WLW.

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<v Speaker 3>There is a possibility that Britney Forrest takes our last

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<v Speaker 3>ride at a top field dranks. They are two weeks

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<v Speaker 3>from now at the In and Out Burger and HRI

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<v Speaker 3>Finals in Pomota, California. But regardless of what happens at

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<v Speaker 3>our home track, Force can walk away secure in the

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<v Speaker 3>knowledge that she's earned her place among Nitro Racing's all

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<v Speaker 3>time greats. Force won't win a third championship this season,

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<v Speaker 3>but she doesn't need to. With her win in Las Vegas,

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<v Speaker 3>she is now nineteen career victories and has passed Shirley

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<v Speaker 3>Muldowndy as the sports winning as female top fuel racer.

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<v Speaker 3>Brian Barnhart and Kyle Sagan have left Arrow McLaren Racing

0:10:23.160 --> 0:10:26.199
<v Speaker 3>for Ray Hall Letterman Landing and Racing. Barnhart the former

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<v Speaker 3>IndyCar executive who worked underfellow former IndyCar president Jay Frye

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<v Speaker 3>before departing for Harding Racing Andretti Global, and Arrow McLaren

0:10:36.960 --> 0:10:39.920
<v Speaker 3>reunites with fry at RLLL and has been named the

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<v Speaker 3>team's senior VP of Operations. Barnhart will also serve as

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<v Speaker 3>Graham Ray race strategists in the number fifteen Honda. Along

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<v Speaker 3>with Barnhart, the Arrow McLaren team also lost Sagan, who

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<v Speaker 3>will act as rlll's pit stop manager.

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<v Speaker 1>Need This is the racing reward on America's Trucking Network

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<v Speaker 1>on seven hundred WLW.

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<v Speaker 3>Say Dennison reporting for a t and the stock market

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<v Speaker 3>goes up, you make money.

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<v Speaker 2>I'm Kevin Board in America instruct a Network seven hundred WLW.

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<v Speaker 2>Previous segment, We're talking about how businesses are starting to

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<v Speaker 2>react and we're starting to see a certain number of layoffs,

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<v Speaker 2>and they're trying to blame it on one thing, when

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<v Speaker 2>in fact it probably has a result of something else.

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<v Speaker 2>I'm also hearing a lot of people on certain shows

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<v Speaker 2>starting to talk about inflation, starting to talk about inflation.

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<v Speaker 2>I mean, where were you people back in twenty twenty

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<v Speaker 2>one when Biden took office in twenty twenty one, because

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<v Speaker 2>he started shutting down production of US oil, starting to

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<v Speaker 2>not cancel the oil permitting and the sales of the leases,

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<v Speaker 2>which by the way, were authorized and regulated and done

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<v Speaker 2>by ordered by Congress, and so the Administrative Office, the

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<v Speaker 2>executive branch, ignored the law and said, we're not going

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<v Speaker 2>to do this. And where was the constitutional crisis at

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<v Speaker 2>that point that when something was ordered and you're not

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<v Speaker 2>doing it and you're not following it, where is the

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<v Speaker 2>threat to democracy with that kind of talk. Okay, so

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<v Speaker 2>you start canceling oil leases, you know, stop drilling in

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<v Speaker 2>the in the golf and some of these just take

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<v Speaker 2>Alaska off the table, and gas prices and oil prices

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<v Speaker 2>went up dramatically. Gas prices went up almost a dollar

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<v Speaker 2>a gallon within the first year. Then in twenty twenty two,

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<v Speaker 2>in February, Russia invaded Ukraine and gas went up another

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<v Speaker 2>dollar twenty five So between the two years, within a

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<v Speaker 2>two year period of time, gas had gone up almost

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<v Speaker 2>two dollars and fifty cents, two dollars and twenty five cents,

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<v Speaker 2>to the point where in June of twenty twenty two,

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<v Speaker 2>across the board, you know, the average gas across the

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<v Speaker 2>United States was over five dollars a gallon. Today that

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<v Speaker 2>number is three dollars and five cents. So we've gone

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<v Speaker 2>from almost over five dollars a gall was five dollars

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<v Speaker 2>and two cents on June the fourteenth of twenty twenty two,

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<v Speaker 2>to the point now we're at three dollars and five

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<v Speaker 2>cents nationwide, So gas prices have come down a full

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<v Speaker 2>two dollars. Nobody's talking about that dramatic change, but nobody

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<v Speaker 2>was talking about how dramatically increased it was. And we

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<v Speaker 2>had inflation at nine point one percent in twenty twenty two.

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<v Speaker 2>We had more inflation in twenty twenty three, and then

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<v Speaker 2>all of a sudden in twenty twenty four, and then

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<v Speaker 2>at the end of twenty twenty four and beginning of

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<v Speaker 2>twenty twenty five, and for the most of this year,

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<v Speaker 2>we are hearing about prices going up. I started hearing.

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<v Speaker 2>I mean, people were talking about, oh, you know, the

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<v Speaker 2>price of eggs. All right, well, let's look at the

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<v Speaker 2>price of eggs. That has nothing to do with taris,

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<v Speaker 2>That has nothing to do with the economic policy of

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<v Speaker 2>the Trump administration. Has everything to do with the bird flu.

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<v Speaker 2>And the bird flu if it's going in, it's killing

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<v Speaker 2>a flock. You know. I guess people, you know, you know,

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<v Speaker 2>the settled maybe maybe the chicken and eggs science hasn't

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<v Speaker 2>been settled. You know, if you don't have chickens, you're

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<v Speaker 2>not going to have eggs. So I guess the thing

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<v Speaker 2>is is you know what comes first, the chicken or

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<v Speaker 2>the egg. All right, So if there's a less supply

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<v Speaker 2>of eggs, of course the price is going to go up.

0:14:36.240 --> 0:14:38.760
<v Speaker 2>Now that the flocks are coming back, those prices are

0:14:38.760 --> 0:14:41.720
<v Speaker 2>coming down, we start I'm hearing more and more people

0:14:41.720 --> 0:14:45.360
<v Speaker 2>talk about the price of beef. Well, if you've got

0:14:45.440 --> 0:14:48.480
<v Speaker 2>herds that are down in the in the range of

0:14:48.800 --> 0:14:52.280
<v Speaker 2>nineteen fifty one, when the size of the herds were

0:14:52.320 --> 0:14:54.720
<v Speaker 2>that for the population that we had at the time,

0:14:55.040 --> 0:15:00.360
<v Speaker 2>and we pretty much doubled that doubled that pop population

0:15:00.560 --> 0:15:02.640
<v Speaker 2>in that period of time. And now all of a

0:15:02.640 --> 0:15:05.440
<v Speaker 2>sudden we have the same number of herds, and you

0:15:05.560 --> 0:15:08.360
<v Speaker 2>have drought in certain areas and you don't have enough count.

0:15:08.600 --> 0:15:10.680
<v Speaker 2>Of course this price is going to go off. Where's

0:15:10.720 --> 0:15:13.280
<v Speaker 2>that have to do anything with a terrace? Then when

0:15:13.320 --> 0:15:16.120
<v Speaker 2>I start hearing people talking about certain things in terms

0:15:16.160 --> 0:15:19.560
<v Speaker 2>of well, you know, prices are going out of control,

0:15:19.800 --> 0:15:22.400
<v Speaker 2>and the prices are high and all this sort of stuff.

0:15:22.760 --> 0:15:27.120
<v Speaker 2>All right, Well, site examples. Let's look at each one

0:15:27.200 --> 0:15:31.400
<v Speaker 2>of these individual items, item by item. Instead of just

0:15:31.440 --> 0:15:36.120
<v Speaker 2>saying across the board. Now, maybe you know, maybe I'm

0:15:36.120 --> 0:15:41.040
<v Speaker 2>in a bubble here, maybe maybe I am not well.

0:15:41.080 --> 0:15:43.760
<v Speaker 2>I know, I'm not the typical consumer. I'm not the

0:15:43.800 --> 0:15:46.160
<v Speaker 2>first one in line to get the latest and greatest

0:15:46.200 --> 0:15:50.040
<v Speaker 2>electronic item. I'm not the first one in line to

0:15:50.120 --> 0:15:55.800
<v Speaker 2>see the latest movie that was premiered. So I am

0:15:56.120 --> 0:15:59.440
<v Speaker 2>kind of a steady consumer. I know what I like.

0:15:59.640 --> 0:16:01.600
<v Speaker 2>I know the things that I like to eat. I

0:16:01.680 --> 0:16:04.720
<v Speaker 2>know the food that I like to get. I know

0:16:04.800 --> 0:16:07.840
<v Speaker 2>the food that my wife and I we prefer, and

0:16:07.880 --> 0:16:11.240
<v Speaker 2>the food that we prepare here when we well at

0:16:11.240 --> 0:16:15.880
<v Speaker 2>the house. That what we buy. And so I am

0:16:15.960 --> 0:16:19.600
<v Speaker 2>focused on what we buy on a regular basis. Where

0:16:19.640 --> 0:16:22.160
<v Speaker 2>I buy my clothes, where I brought buy my shoes,

0:16:22.440 --> 0:16:25.920
<v Speaker 2>all these kinds of things. And quite honestly, I am

0:16:25.960 --> 0:16:28.960
<v Speaker 2>not seeing the inflation that a lot of people are

0:16:29.000 --> 0:16:33.160
<v Speaker 2>talking about now. If you're talking about a refrigerator, if

0:16:33.200 --> 0:16:35.720
<v Speaker 2>you're talking about a stereo, if you're talking about some

0:16:35.840 --> 0:16:39.040
<v Speaker 2>of this other equipment, but if you've got you're not

0:16:39.120 --> 0:16:43.360
<v Speaker 2>out buying appliances every day. And every time I've ever

0:16:43.400 --> 0:16:47.480
<v Speaker 2>had to buy a refrigerator, I am I have sticker

0:16:47.560 --> 0:16:50.920
<v Speaker 2>shocked by it. Because if you've bought the refrigerator ten

0:16:51.000 --> 0:16:53.760
<v Speaker 2>years ago, and now you're back in the market buying

0:16:53.760 --> 0:16:57.080
<v Speaker 2>a refrigerator. It's going to be a shock. And so

0:16:57.560 --> 0:17:00.800
<v Speaker 2>when you see these items and people talk about that,

0:17:01.240 --> 0:17:04.159
<v Speaker 2>is it stick or shocked from when they first purchased it.

0:17:04.600 --> 0:17:07.240
<v Speaker 2>Now there has been increases in terms as a result

0:17:07.320 --> 0:17:10.240
<v Speaker 2>of terrorists having to do with items coming in from

0:17:10.400 --> 0:17:13.280
<v Speaker 2>Asia and so on. That's been affected in the in

0:17:14.000 --> 0:17:18.800
<v Speaker 2>the furniture, been affected in electronics and those types of things.

0:17:19.240 --> 0:17:22.520
<v Speaker 2>But overall, when you look at the inflation, at least

0:17:22.680 --> 0:17:26.160
<v Speaker 2>the inflation that I'm seeing on what we're buying here

0:17:26.200 --> 0:17:29.800
<v Speaker 2>in this area. Now, if inflation is out of control,

0:17:30.080 --> 0:17:32.439
<v Speaker 2>one of the first things you start seeing is people

0:17:32.520 --> 0:17:36.320
<v Speaker 2>not spending, people holding back, and especially if it has

0:17:36.400 --> 0:17:39.640
<v Speaker 2>to do with some sort of a an item that's

0:17:39.720 --> 0:17:43.360
<v Speaker 2>not a necessity. You know, obviously, if it's a necessity,

0:17:43.400 --> 0:17:44.879
<v Speaker 2>you're gonna have to buy it, You're gonna have to

0:17:44.880 --> 0:17:48.280
<v Speaker 2>pay for it no matter what. But when you see

0:17:48.480 --> 0:17:52.040
<v Speaker 2>the luxury items, when you see things, you know, when

0:17:52.080 --> 0:17:55.520
<v Speaker 2>they talk about disposable income, what people spend their money

0:17:55.600 --> 0:17:58.879
<v Speaker 2>on at that point, then you look at those prices

0:17:59.320 --> 0:18:03.600
<v Speaker 2>and if those aren't to your satisfaction, you just don't

0:18:03.640 --> 0:18:06.760
<v Speaker 2>spend it. And what we saw at the end of

0:18:06.760 --> 0:18:10.560
<v Speaker 2>the pandemic you may recall, is that people had had

0:18:10.560 --> 0:18:15.040
<v Speaker 2>this pent up desire, this pent up anticipation, wanting to

0:18:15.080 --> 0:18:18.680
<v Speaker 2>get out and about. They had been stuck at home.

0:18:18.920 --> 0:18:21.960
<v Speaker 2>They were buying stuff having it delivered to the house.

0:18:22.240 --> 0:18:25.040
<v Speaker 2>They were spending money at the big box stores, improving

0:18:25.080 --> 0:18:29.520
<v Speaker 2>their homes, and so those prices went up. Remember, lumber

0:18:29.600 --> 0:18:33.040
<v Speaker 2>started going up. All the stuff that you would use

0:18:33.080 --> 0:18:36.800
<v Speaker 2>to renovate your house, all those prices came up. Why

0:18:37.240 --> 0:18:40.600
<v Speaker 2>because there were stimulus checks coming in. Some people were

0:18:40.640 --> 0:18:43.360
<v Speaker 2>still working, they were working from home, so they had

0:18:43.400 --> 0:18:46.000
<v Speaker 2>this additional income. The fact that they were going to

0:18:46.040 --> 0:18:49.240
<v Speaker 2>be stuck at home, they wanted to improve their living conditions,

0:18:49.440 --> 0:18:52.120
<v Speaker 2>so they did some renovations around the house. But as

0:18:52.160 --> 0:18:54.680
<v Speaker 2>a result of that, you started seeing some of those

0:18:54.880 --> 0:18:58.280
<v Speaker 2>items creep up. Because when you've got more dollars going

0:18:58.320 --> 0:19:01.920
<v Speaker 2>after the same items, aren't raising those prices. I didn't

0:19:01.920 --> 0:19:04.919
<v Speaker 2>hear anybody complaining about They would say, oh wow, did

0:19:04.920 --> 0:19:06.520
<v Speaker 2>you see the price of lumber, and then move on.

0:19:07.040 --> 0:19:09.399
<v Speaker 2>It wasn't like they were fixating. Was my god, the

0:19:09.440 --> 0:19:11.960
<v Speaker 2>world is coming to an end because this piece of

0:19:11.960 --> 0:19:14.640
<v Speaker 2>water or this thing went up tremendously. Oh my god,

0:19:14.680 --> 0:19:16.399
<v Speaker 2>what are we going to do? You know, it was

0:19:16.480 --> 0:19:19.679
<v Speaker 2>just oh okay, at the price went up, I'm going

0:19:19.720 --> 0:19:22.080
<v Speaker 2>to pay for it and move on. But now all

0:19:22.119 --> 0:19:25.240
<v Speaker 2>of a sudden, it seems people are fixated on certain things.

0:19:25.480 --> 0:19:28.720
<v Speaker 2>We just had a couple of weeks ago talking about

0:19:28.760 --> 0:19:32.760
<v Speaker 2>Walmart that them recognizing what's going on, that they are

0:19:32.840 --> 0:19:36.479
<v Speaker 2>making sure that they are sourcing from different organizations, different

0:19:36.480 --> 0:19:39.800
<v Speaker 2>suppliers to get the lowest prices that they can. They

0:19:39.840 --> 0:19:43.000
<v Speaker 2>talked about that the Thanksgiving meal is going to be

0:19:43.320 --> 0:19:46.520
<v Speaker 2>well was it fourteen percent cheaper than it was last year,

0:19:46.960 --> 0:19:49.960
<v Speaker 2>and that they have done a deal with with Butterball

0:19:50.000 --> 0:19:52.600
<v Speaker 2>turkey to get that down in ninety seven cents a pound,

0:19:52.800 --> 0:19:58.000
<v Speaker 2>which is the lowest level since twenty nineteen. So the

0:19:58.160 --> 0:20:01.119
<v Speaker 2>areas and the people that are focused on this and

0:20:01.160 --> 0:20:03.639
<v Speaker 2>the people that are working on this are doing a

0:20:03.640 --> 0:20:06.639
<v Speaker 2>good job. When you see the EV prices, when you

0:20:06.640 --> 0:20:10.160
<v Speaker 2>see that a couple of years ago, when they put

0:20:10.200 --> 0:20:13.120
<v Speaker 2>in the tax credit of seven thousand dollars and then

0:20:13.200 --> 0:20:17.160
<v Speaker 2>overnight the EV manufacturers of the dealers raised the prices

0:20:17.160 --> 0:20:19.760
<v Speaker 2>of those vehicles by seven thousand dollars. I didn't hear

0:20:19.760 --> 0:20:22.880
<v Speaker 2>anybody screaming and yelling about that, I pointed out here

0:20:22.920 --> 0:20:27.280
<v Speaker 2>on the show. But when I see what people are

0:20:27.320 --> 0:20:31.479
<v Speaker 2>complaining about and ask them for specifics, they can't provide

0:20:31.520 --> 0:20:36.720
<v Speaker 2>any I'm Kevin Gordon, America's struck A Network seven hundred WLW.

0:20:36.880 --> 0:20:43.840
<v Speaker 4>News Traffic and Weather News Radio seven hundred WLW, Cincinnati.

0:20:45.000 --> 0:20:49.160
<v Speaker 5>As votes are counted across the country, Democrats celebrating wins

0:20:49.240 --> 0:20:53.240
<v Speaker 5>in key races from coast to coasts with your twelve

0:20:53.320 --> 0:20:58.000
<v Speaker 5>thirty report, I'm Travis Laird breaking now in Virginia. Democrat

0:20:58.040 --> 0:21:01.600
<v Speaker 5>Abigail span Berger flipped the government office. In New Jersey,

0:21:01.760 --> 0:21:06.360
<v Speaker 5>Mikey Cheryl defeated Trump aligned Republican Jack Sattarelli. New York

0:21:06.400 --> 0:21:10.960
<v Speaker 5>City elected Democratic socialist Zoron Mamdanie Mayer, ending Andrew Cuomo's

0:21:10.960 --> 0:21:15.200
<v Speaker 5>attempted political comeback. In California, Prop fifty passed easily, eight

0:21:15.240 --> 0:21:18.760
<v Speaker 5>redistricting measure expected to shift five House seats to Democrats.

0:21:18.800 --> 0:21:22.440
<v Speaker 5>In twenty twenty six, President Trump blamed the government shutdown

0:21:22.480 --> 0:21:26.360
<v Speaker 5>for the losses and insisted, quote Trump wasn't on the ballot.

0:21:26.680 --> 0:21:29.480
<v Speaker 2>Now, let's say a look lad the latest.

0:21:29.160 --> 0:21:32.359
<v Speaker 4>Trafficking the Training, Heating and Cooling Weather Center on news

0:21:32.440 --> 0:21:34.680
<v Speaker 4>radio seven hundred WLW.

0:21:35.920 --> 0:21:38.600
<v Speaker 6>As we look ahead to our daybreak Wednesday, It's clear

0:21:38.640 --> 0:21:41.760
<v Speaker 6>and not as cold. Seven am. Temperature of forty seven

0:21:42.280 --> 0:21:45.359
<v Speaker 6>now rest of our Wednesday sunshine pleasant, a high a

0:21:45.440 --> 0:21:48.560
<v Speaker 6>sixty seven at night, fair skies, and we dropped to

0:21:48.640 --> 0:21:52.480
<v Speaker 6>thirty eight from your severe weather station. I'm nine first Warning,

0:21:52.600 --> 0:21:58.000
<v Speaker 6>Chief Meteorologist Steve Rawley, News Radio seven hundred WLW, Right

0:21:58.040 --> 0:22:01.720
<v Speaker 6>now forty five degrees sinnati here at home. Voters across

0:22:01.720 --> 0:22:04.720
<v Speaker 6>Greater Cincinnati decided a full slate of local races and

0:22:04.800 --> 0:22:07.040
<v Speaker 6>levees tonight. Mayor pure of all, of course, winning re

0:22:07.160 --> 0:22:11.200
<v Speaker 6>election all eight incumbents on Cincinnati City Council of one reelection,

0:22:11.359 --> 0:22:15.440
<v Speaker 6>joined by political Newcrumber newcomer Ryan James, a West End

0:22:15.480 --> 0:22:19.400
<v Speaker 6>residents and nonprofit advocate, who becomes the youngest black man

0:22:19.440 --> 0:22:23.040
<v Speaker 6>to ever be elected to council. Every winning candidate was

0:22:23.119 --> 0:22:26.000
<v Speaker 6>endorsed by the Democratic Party, including Vice Mayor jan Michelle

0:22:26.080 --> 0:22:30.399
<v Speaker 6>lemon Kearney Scotti, Johnson, Mika Owens, Mark Jeffries, Anna Albi,

0:22:30.680 --> 0:22:34.920
<v Speaker 6>Seth Walsh, Jennef Kramerding, and Evan Nolan. Former members Liz

0:22:35.000 --> 0:22:38.880
<v Speaker 6>Keating and Christopher Smitherman failed to regain their seats. Regionally,

0:22:39.119 --> 0:22:43.360
<v Speaker 6>voters rejected Lakota's half billion dollar facilities plan, but approved

0:22:43.359 --> 0:22:46.760
<v Speaker 6>oak Hill's bond issue to build two new schools Cincinnati

0:22:46.800 --> 0:22:49.520
<v Speaker 6>Public Schools ten year Levy renewal past and cole Rain

0:22:49.600 --> 0:22:53.679
<v Speaker 6>Township voters approved a police levee to add seven new officers.

0:22:53.720 --> 0:22:55.920
<v Speaker 6>Now let's do some sports.

0:22:56.240 --> 0:23:01.960
<v Speaker 7>Seven hundred w LW Sports Angles trading linebacker Logan Wilson

0:23:02.000 --> 0:23:04.800
<v Speaker 7>to the Cowboys for a seventh round pick red signing

0:23:04.880 --> 0:23:07.400
<v Speaker 7>right handed relief pitcher Keagan Thompson to a one year

0:23:07.440 --> 0:23:10.679
<v Speaker 7>deal the Ohio Bobcats defeating Miami twenty four to twenty

0:23:10.920 --> 0:23:13.360
<v Speaker 7>and in high school girls soccer State semi final action

0:23:13.480 --> 0:23:16.520
<v Speaker 7>in Ohio in Division one, seating over Pickerington North four

0:23:16.640 --> 0:23:19.720
<v Speaker 7>one D two Anthony Wayne shutting out Anderson one nil.

0:23:19.960 --> 0:23:22.000
<v Speaker 7>Baden with a one nil went over Hoban in D

0:23:22.119 --> 0:23:25.680
<v Speaker 7>three in Division four Summit Country Day six, Ottawa Glandorf two,

0:23:25.960 --> 0:23:28.800
<v Speaker 7>and in Division five Madera two, Fairbanks one.

0:23:29.200 --> 0:23:31.879
<v Speaker 5>Thank you as always, Lee Mallen. Your next update is

0:23:31.960 --> 0:23:35.280
<v Speaker 5>at one o'clock. Breaking news anytime I'm Travis Laird News

0:23:35.359 --> 0:23:38.320
<v Speaker 5>Radio seven hundred WLW.

0:23:39.119 --> 0:23:43.280
<v Speaker 2>From NBA Champion Stephen Curry comes shot ready, powerful, never

0:23:43.320 --> 0:23:46.000
<v Speaker 2>before seen. Look at the mindset that changed the game.

0:23:46.560 --> 0:23:47.800
<v Speaker 2>I fell in love with the GC.

0:23:54.000 --> 0:23:56.640
<v Speaker 8>Here's your trucking forecast the Try State in the rest

0:23:56.640 --> 0:23:59.360
<v Speaker 8>of the country. In the Try State, overnight partly cloudy,

0:23:59.400 --> 0:24:02.200
<v Speaker 8>the low dropping forty seven sunny Wednesday, highs into the

0:24:02.280 --> 0:24:05.399
<v Speaker 8>upper sixties Thursday, sunny sky's continuing. It will be cooler,

0:24:05.600 --> 0:24:08.240
<v Speaker 8>a high of fifty eight, rain in a possible storm

0:24:08.240 --> 0:24:11.680
<v Speaker 8>in the afternoon. Friday, a high of sixty four. Nationally,

0:24:11.760 --> 0:24:14.840
<v Speaker 8>the Pacific Northwest and northern California is seen unsettled weather

0:24:15.119 --> 0:24:17.760
<v Speaker 8>with a threat for flash floody Wednesday and Thursday from

0:24:17.800 --> 0:24:21.080
<v Speaker 8>northern California to the Olympic Mountains. A clipper system moving

0:24:21.080 --> 0:24:24.320
<v Speaker 8>through the northeast Wednesday into Thursday, bringing a thread of storms,

0:24:24.320 --> 0:24:27.080
<v Speaker 8>strong winds and snow and higher elevations. The middle of

0:24:27.119 --> 0:24:29.840
<v Speaker 8>the country meanwhile, see mostly above average temperatures.

0:24:31.200 --> 0:24:34.879
<v Speaker 2>Seven hundred wl W im Kevin Gordon. This is America

0:24:34.920 --> 0:24:37.520
<v Speaker 2>is struck in network. By the way, if you miss

0:24:37.560 --> 0:24:40.320
<v Speaker 2>any of our shows or miss any of our previous segments,

0:24:40.359 --> 0:24:42.520
<v Speaker 2>hit up that iHeartRadio app brought to you by our

0:24:42.520 --> 0:24:45.240
<v Speaker 2>friends at rush Throuck Centers. Talked about at the beginning

0:24:45.280 --> 0:24:47.600
<v Speaker 2>of the show talking about some of these reports and

0:24:47.680 --> 0:24:51.280
<v Speaker 2>what's interesting if you look at the report and the

0:24:51.280 --> 0:24:55.119
<v Speaker 2>person or the people that prepare the report versus the

0:24:55.280 --> 0:24:59.120
<v Speaker 2>people that report on the report, it seems like you're

0:24:59.200 --> 0:25:02.800
<v Speaker 2>looking at a comple letely different situation. It almost reminds

0:25:02.880 --> 0:25:05.760
<v Speaker 2>me of when a group of us were going to

0:25:06.160 --> 0:25:11.040
<v Speaker 2>these various city council meetings and county commissioner meetings and

0:25:11.080 --> 0:25:13.280
<v Speaker 2>we were trying to affect some change and get some

0:25:13.440 --> 0:25:16.000
<v Speaker 2>you know, make sure that we were keeping our finger

0:25:16.080 --> 0:25:18.360
<v Speaker 2>on the pulse and making sure that they were spending

0:25:18.400 --> 0:25:22.080
<v Speaker 2>money wisely, asking them questions about the budget, making sure

0:25:22.119 --> 0:25:25.000
<v Speaker 2>that when they put through it we're talking about a

0:25:25.080 --> 0:25:28.560
<v Speaker 2>tax increase, having to justify that and kind of embarrassing

0:25:28.600 --> 0:25:31.360
<v Speaker 2>them and you know, keeping you know, keeping their feet

0:25:31.440 --> 0:25:33.560
<v Speaker 2>to the fire, so to speak. And it was one

0:25:33.600 --> 0:25:35.720
<v Speaker 2>of those things where when you go to a meeting

0:25:36.240 --> 0:25:40.359
<v Speaker 2>and the questions are allowed by the audience, people would

0:25:40.400 --> 0:25:44.199
<v Speaker 2>ask amazing questions, and at the end of the meeting,

0:25:44.840 --> 0:25:49.080
<v Speaker 2>the reporters, instead of going over and asking the person, well,

0:25:49.160 --> 0:25:52.080
<v Speaker 2>you know what, you know what, why'd you bring this up?

0:25:52.160 --> 0:25:55.720
<v Speaker 2>And and were you satisfied with the answer or whatever. No,

0:25:56.200 --> 0:25:58.320
<v Speaker 2>they would make a bee line to go up and

0:25:58.400 --> 0:26:01.840
<v Speaker 2>talk to the head of the county or the mayor

0:26:02.080 --> 0:26:05.199
<v Speaker 2>or some of the city council to get their reaction

0:26:05.920 --> 0:26:08.800
<v Speaker 2>to what was being said. And it's almost like it

0:26:08.880 --> 0:26:12.520
<v Speaker 2>was these again. I mean, I've been calling I've been

0:26:12.520 --> 0:26:17.000
<v Speaker 2>calling reporters spoon fed regurgitators in the mainstream media for kind.

0:26:17.080 --> 0:26:20.159
<v Speaker 2>It seems like I've been twenty years now. And again

0:26:20.359 --> 0:26:23.800
<v Speaker 2>I emphasize the fact that in England they don't call

0:26:23.880 --> 0:26:28.240
<v Speaker 2>them news anchors. They call them news presenters. And if

0:26:28.240 --> 0:26:30.919
<v Speaker 2>you notice when they're doing the news, they are with

0:26:31.080 --> 0:26:34.399
<v Speaker 2>the hands, they're doing the hand gestures of pushing, you know,

0:26:34.560 --> 0:26:38.119
<v Speaker 2>out expressing that like they're presenting the news to you.

0:26:38.560 --> 0:26:43.399
<v Speaker 2>So it's not like they're doing this independent investigation and

0:26:43.440 --> 0:26:46.800
<v Speaker 2>digging into the things. They're just reporting what's there and

0:26:46.840 --> 0:26:49.879
<v Speaker 2>the old saying, if it leads, it bleeds. But these

0:26:50.080 --> 0:26:53.480
<v Speaker 2>spoon fed regurgitators in the mainstream media, and especially the

0:26:53.560 --> 0:26:56.720
<v Speaker 2>journalists with the newspapers and stuff, then make a bee

0:26:56.760 --> 0:26:59.120
<v Speaker 2>line to go up and talk to these people at

0:26:59.119 --> 0:27:03.280
<v Speaker 2>these meetings simply because hey, you know, it's a lot

0:27:03.359 --> 0:27:06.400
<v Speaker 2>easier to pick up the phone and have them report

0:27:06.440 --> 0:27:09.040
<v Speaker 2>the news to you so that you can regurgitate it

0:27:09.040 --> 0:27:12.199
<v Speaker 2>to the American public rather than going out and finding

0:27:12.200 --> 0:27:14.679
<v Speaker 2>out and digging into the story and coming up with

0:27:14.720 --> 0:27:17.479
<v Speaker 2>what the news it is. So they were going up

0:27:17.480 --> 0:27:19.959
<v Speaker 2>to suck up to them to say, well, you know,

0:27:20.320 --> 0:27:22.919
<v Speaker 2>what was your reaction to that question that was asked?

0:27:23.200 --> 0:27:26.320
<v Speaker 2>And so on. And when I'd get home from these meetings,

0:27:26.480 --> 0:27:28.639
<v Speaker 2>I'd say to my wife, I'd say, God, you know,

0:27:28.680 --> 0:27:31.159
<v Speaker 2>this meeting was really interesting. You know, this guy said this,

0:27:31.240 --> 0:27:33.120
<v Speaker 2>and this guy said that, and this guy said that.

0:27:33.680 --> 0:27:36.439
<v Speaker 2>And this was when we were still subscribing to the newspaper,

0:27:36.520 --> 0:27:38.760
<v Speaker 2>before we realized that it was a rag and it

0:27:38.840 --> 0:27:41.639
<v Speaker 2>was just, you know, nothing but nonsense. So we stopped

0:27:41.680 --> 0:27:46.120
<v Speaker 2>the subscription. But she would read the article and she goes, Okay,

0:27:46.160 --> 0:27:49.080
<v Speaker 2>did you really go to that meeting last night, because

0:27:49.080 --> 0:27:52.399
<v Speaker 2>what you said happened in the meeting certainly isn't reflected

0:27:52.400 --> 0:27:54.760
<v Speaker 2>in this in this article. And it was. We would

0:27:54.840 --> 0:27:59.080
<v Speaker 2>laugh about it because you know, you are witnessing something

0:27:59.119 --> 0:28:02.800
<v Speaker 2>with your own eyes. You are listening to what has

0:28:02.880 --> 0:28:06.199
<v Speaker 2>been said, and then you read the article about that.

0:28:06.680 --> 0:28:09.600
<v Speaker 2>And of course, when i'd bring this up, people kind

0:28:09.640 --> 0:28:12.960
<v Speaker 2>of at first, I mean, I'm talking fifteen twenty years ago.

0:28:13.080 --> 0:28:16.200
<v Speaker 2>I'm well, this is more recent, ten fIF ten years ago.

0:28:16.640 --> 0:28:20.800
<v Speaker 2>But for years I've brought these up and people will say,

0:28:21.080 --> 0:28:23.399
<v Speaker 2>you know, Kevin, you know, you just here, you know,

0:28:23.880 --> 0:28:28.359
<v Speaker 2>you're saying certain things about the news media. And I

0:28:28.480 --> 0:28:34.000
<v Speaker 2>find that hard to believe until somebody is interviewed by

0:28:34.119 --> 0:28:38.360
<v Speaker 2>a reporter and they will say that, well, jeez, this

0:28:38.400 --> 0:28:41.640
<v Speaker 2>person talked to me for like ten minutes and the

0:28:41.760 --> 0:28:45.560
<v Speaker 2>quote that they put in the newspaper wasn't anything near

0:28:45.960 --> 0:28:49.360
<v Speaker 2>what I said. And every time this would happen and

0:28:49.360 --> 0:28:51.360
<v Speaker 2>somebody tell me about it, I'd say, well, welcome to

0:28:51.360 --> 0:28:54.960
<v Speaker 2>my world, because when you look at what's being said

0:28:55.120 --> 0:28:58.959
<v Speaker 2>versus what the person interpreting what was said, it is

0:28:59.000 --> 0:29:02.040
<v Speaker 2>far different. Again, this is what I came to mind

0:29:02.040 --> 0:29:06.360
<v Speaker 2>when I'm looking at this particular report on manufacturing input.

0:29:06.640 --> 0:29:10.760
<v Speaker 2>All right, here's the story. S and P Global US

0:29:10.840 --> 0:29:15.720
<v Speaker 2>Manufacturing PMI. This Purchasing Manager's index. Steady growth of US

0:29:15.760 --> 0:29:21.640
<v Speaker 2>manufacturing sector in October, highest production underpinned by fastest demand

0:29:21.960 --> 0:29:27.200
<v Speaker 2>growth in twenty years. Then they say tariffs way on exports.

0:29:27.720 --> 0:29:32.479
<v Speaker 2>But again that is as we have had in the past.

0:29:32.720 --> 0:29:35.800
<v Speaker 2>When our goods are being sold overseas and they have

0:29:35.880 --> 0:29:38.720
<v Speaker 2>put tariffs on them, we are not selling as much

0:29:38.840 --> 0:29:41.680
<v Speaker 2>over there as we should. And the fact of these

0:29:41.760 --> 0:29:45.720
<v Speaker 2>tariffs are to bring some of those walls down and

0:29:45.840 --> 0:29:51.040
<v Speaker 2>make our goods more appealing or less restrictive in those countries.

0:29:51.320 --> 0:29:55.600
<v Speaker 2>So again tariff's way on exports. Well, they've been weighing

0:29:55.640 --> 0:29:58.920
<v Speaker 2>on exports all along because our trade and balance with

0:29:59.000 --> 0:30:02.600
<v Speaker 2>these other countries we had low terrace, they had high terrace.

0:30:03.840 --> 0:30:09.160
<v Speaker 2>Let me see underpin further steep rising input prices, survey

0:30:09.280 --> 0:30:14.040
<v Speaker 2>record increases, and finished goods. So finished goods are building up.

0:30:14.400 --> 0:30:17.520
<v Speaker 2>But then you go to the report having and I'll

0:30:17.560 --> 0:30:22.040
<v Speaker 2>get into what was said US manufactured mired in weakness

0:30:22.120 --> 0:30:26.960
<v Speaker 2>as tariff gloom spreads. That is the report from Reuters.

0:30:27.200 --> 0:30:33.080
<v Speaker 2>So getting into this, Chris Williamson, chief Business Economic Economists

0:30:33.120 --> 0:30:39.120
<v Speaker 2>at SMP Global, US manufacturers reported a solid start to

0:30:39.240 --> 0:30:44.800
<v Speaker 2>the fourth quarter, with the production rate rising at an

0:30:44.800 --> 0:30:51.160
<v Speaker 2>increase rate in response to encouragingly robust jump in new orders.

0:30:51.320 --> 0:30:57.040
<v Speaker 2>I'm having a problem reading this because the background is gray,

0:30:57.640 --> 0:31:00.320
<v Speaker 2>and the lights in here are kind of dull, So

0:31:00.720 --> 0:31:03.080
<v Speaker 2>go to flip on the light a little bit more.

0:31:03.120 --> 0:31:06.760
<v Speaker 2>All right, that's better. US manufacturing report a solid start

0:31:06.840 --> 0:31:11.080
<v Speaker 2>to the fourth quarter, with production rising at an increased

0:31:11.160 --> 0:31:16.360
<v Speaker 2>rate in response to the encouragingly robust jump in new orders. However,

0:31:17.120 --> 0:31:19.400
<v Speaker 2>lift the hood and the picture is not so healthy,

0:31:19.480 --> 0:31:22.240
<v Speaker 2>and then they start getting into some of the underlying

0:31:22.320 --> 0:31:26.920
<v Speaker 2>things that could cause problems. Most worrying is the unprecedented

0:31:27.000 --> 0:31:30.840
<v Speaker 2>rise in unsold stock reported in October. Well, that would

0:31:30.880 --> 0:31:33.880
<v Speaker 2>have to do not with the prices, but if people

0:31:33.920 --> 0:31:37.160
<v Speaker 2>are not buying things, or if the exports are slowing

0:31:37.200 --> 0:31:41.360
<v Speaker 2>down because these countries over there are balancing back and

0:31:41.400 --> 0:31:45.880
<v Speaker 2>forth between their tariffs and our terraffs, then maybe, well

0:31:46.000 --> 0:31:48.760
<v Speaker 2>we've been having problems selling stuff in those countries in

0:31:48.760 --> 0:31:50.920
<v Speaker 2>the first place, so a build up in some of

0:31:50.960 --> 0:31:54.120
<v Speaker 2>this inventory is not so bad. Plus the fact that

0:31:54.160 --> 0:31:56.720
<v Speaker 2>you had at the beginning of the year you had

0:31:56.800 --> 0:31:59.040
<v Speaker 2>in trying to get ahead of some of these tariffs

0:31:59.320 --> 0:32:02.760
<v Speaker 2>that were going to go into place, people were buying

0:32:02.800 --> 0:32:05.520
<v Speaker 2>a lot of stuff and having that in stock and

0:32:05.560 --> 0:32:08.880
<v Speaker 2>then working off of that stock. So anything else that's

0:32:08.960 --> 0:32:13.720
<v Speaker 2>produced is now building up as well. Companies have also

0:32:13.840 --> 0:32:17.840
<v Speaker 2>become less optimistic about the year ahead, with the sentiment

0:32:18.080 --> 0:32:21.920
<v Speaker 2>back down close to the gloomy levels seen around the

0:32:21.960 --> 0:32:26.560
<v Speaker 2>April tariffs. Now, again, when you're talking about all this

0:32:26.640 --> 0:32:29.440
<v Speaker 2>stuff going on in the economy, when you're talking about

0:32:29.680 --> 0:32:34.440
<v Speaker 2>whether or not this country is going to agree with

0:32:34.480 --> 0:32:37.320
<v Speaker 2>the terraffs or they're going to agree to some of

0:32:37.360 --> 0:32:43.080
<v Speaker 2>the changes and some of the trade deals between the

0:32:43.120 --> 0:32:46.640
<v Speaker 2>individual countries, these things are going to be in flux.

0:32:47.160 --> 0:32:51.160
<v Speaker 2>But as it works out, and what we've seen over

0:32:51.200 --> 0:32:54.520
<v Speaker 2>the entire year is that some of the stuff that

0:32:54.640 --> 0:32:58.120
<v Speaker 2>was being predicted hasn't come true, and they keep putting

0:32:58.120 --> 0:33:03.000
<v Speaker 2>it off. Again. They're talking in here about off to

0:33:03.120 --> 0:33:06.640
<v Speaker 2>a good start, but the worrysome and again this being

0:33:06.680 --> 0:33:10.480
<v Speaker 2>a survey of what you're seeing in the future when

0:33:10.520 --> 0:33:13.320
<v Speaker 2>you don't know what the future is and there are

0:33:13.360 --> 0:33:15.800
<v Speaker 2>certain things that are in there that still have to

0:33:15.800 --> 0:33:20.280
<v Speaker 2>be unresolved. This whole concept of when you're being told

0:33:20.400 --> 0:33:23.800
<v Speaker 2>by the spoon fed regurgitators in the mainstream media that

0:33:23.960 --> 0:33:26.360
<v Speaker 2>this isn't going to happen, this isn't going to happen,

0:33:27.040 --> 0:33:29.880
<v Speaker 2>and then it does happen and things turn around then

0:33:29.960 --> 0:33:33.080
<v Speaker 2>you look kind of foolish. But again with a survey

0:33:33.160 --> 0:33:35.960
<v Speaker 2>and asking somebody to predict ahead what's going to be

0:33:36.240 --> 0:33:39.160
<v Speaker 2>like next year, that's kind of next to them possible

0:33:39.200 --> 0:33:41.360
<v Speaker 2>because you don't know what the factors are going to be.

0:33:41.760 --> 0:33:43.520
<v Speaker 2>You don't know what's going to happen with the war

0:33:43.520 --> 0:33:46.520
<v Speaker 2>in Ukraine, you don't know what's going to happen as

0:33:46.600 --> 0:33:50.160
<v Speaker 2>far as trade deals with China and all that stuff

0:33:50.240 --> 0:33:52.520
<v Speaker 2>being in the mix at this particular point in time

0:33:52.760 --> 0:33:55.160
<v Speaker 2>kind of clouds what you're thinking about in the future.

0:33:55.360 --> 0:33:57.880
<v Speaker 2>We'll pick this up. I'm Kevin Gordon, America Struck a

0:33:57.920 --> 0:33:59.960
<v Speaker 2>network seven hundred WLW.

0:34:00.520 --> 0:34:02.400
<v Speaker 3>You've got a ton of equity in your home.

0:34:02.480 --> 0:34:04.160
<v Speaker 2>You're sitting on a gold mine.

0:34:04.480 --> 0:34:06.520
<v Speaker 3>You could do so much with all that cash, like.

0:34:06.520 --> 0:34:10.680
<v Speaker 2>Short the PMI, the Purchasing Manager's Index, and how they

0:34:10.680 --> 0:34:15.279
<v Speaker 2>are seeing now. Reuters is reporting in their story of

0:34:15.320 --> 0:34:18.400
<v Speaker 2>this report, so they're reporting on the report. The title

0:34:18.480 --> 0:34:22.000
<v Speaker 2>is US manufacturing mired and weakness as tariff gloom spreads

0:34:22.080 --> 0:34:25.439
<v Speaker 2>all right in here. They start off with US manufacturing

0:34:25.760 --> 0:34:28.839
<v Speaker 2>contracted for an eighth straight month in October, as new

0:34:28.960 --> 0:34:33.480
<v Speaker 2>orders remained subdued and supplies and suppliers were taking longer

0:34:33.520 --> 0:34:37.080
<v Speaker 2>to deliver materials to factories against the backdrop of tariffs

0:34:37.120 --> 0:34:40.640
<v Speaker 2>on imported goods. Counts from the manufacturers in the Institute

0:34:40.640 --> 0:34:44.840
<v Speaker 2>for Supply Management survey on Monday painted a dire picture

0:34:45.200 --> 0:34:50.120
<v Speaker 2>of the factory sector. They didn't say dire in the report.

0:34:50.160 --> 0:34:54.560
<v Speaker 2>They were saying that they were concerned. Not dire, but concerned, Okay,

0:34:54.760 --> 0:34:59.120
<v Speaker 2>dire picture of the factory sector, which, ironically, President Donald

0:34:59.160 --> 0:35:03.600
<v Speaker 2>Trump's sweeping duties are intended to stimulate. Economists have long

0:35:03.760 --> 0:35:07.520
<v Speaker 2>argued it was impossible to restore manufacturing to its former

0:35:07.600 --> 0:35:13.120
<v Speaker 2>glory because of structural issues, including worker shortages. Now, now

0:35:13.160 --> 0:35:15.359
<v Speaker 2>that we've had all this, we've had one, two, three,

0:35:15.400 --> 0:35:18.960
<v Speaker 2>and then four paragraphs in where they're talking about all

0:35:19.000 --> 0:35:22.640
<v Speaker 2>this dire stuff and stuff not going so well, the

0:35:22.800 --> 0:35:28.800
<v Speaker 2>ism said it's manufacturing. PMI fell to forty eight point

0:35:28.880 --> 0:35:33.080
<v Speaker 2>seven last month from forty nine point one. Folks, that's

0:35:33.080 --> 0:35:36.680
<v Speaker 2>a four tenths of a percentage point drop. Okay, so

0:35:36.960 --> 0:35:41.400
<v Speaker 2>it's not like the sky is falling from the September number.

0:35:41.600 --> 0:35:46.840
<v Speaker 2>A reading below fifty indicates contraction and manufacturing, which accounts

0:35:46.840 --> 0:35:50.040
<v Speaker 2>for ten point one percent of the economy. Then in

0:35:50.080 --> 0:35:56.600
<v Speaker 2>the following paragraph, PMI remained above forty two point three.

0:35:57.040 --> 0:36:00.720
<v Speaker 2>So if it's at forty eight point seven, remain above

0:36:00.800 --> 0:36:05.600
<v Speaker 2>forty two point three. So it's six point four percentage

0:36:05.600 --> 0:36:09.600
<v Speaker 2>points higher than that, a forty two point three level

0:36:09.800 --> 0:36:14.319
<v Speaker 2>that the ism said over time was consistent with an

0:36:14.400 --> 0:36:19.919
<v Speaker 2>expansion of the overall economy. So it's come down four

0:36:20.000 --> 0:36:23.239
<v Speaker 2>tenths of one percentage point and they want you to

0:36:23.320 --> 0:36:27.120
<v Speaker 2>think that the sky is falling, but we're still six

0:36:27.160 --> 0:36:32.440
<v Speaker 2>point four percent above where it shows consistent with the

0:36:32.560 --> 0:36:36.839
<v Speaker 2>expansion of the overall economy. Economists pulled by Reuters had

0:36:36.880 --> 0:36:39.440
<v Speaker 2>forecasts at PMI, and they go into what the economists

0:36:39.480 --> 0:36:44.480
<v Speaker 2>had predicted. But again that to me, it's almost like

0:36:44.520 --> 0:36:49.200
<v Speaker 2>they have contradicted themselves in the same story. Not only

0:36:49.840 --> 0:36:52.560
<v Speaker 2>they didn't even bother going a couple of paragraphs later,

0:36:52.600 --> 0:36:55.080
<v Speaker 2>it was the very next paragraph. And this is the

0:36:55.120 --> 0:36:58.280
<v Speaker 2>thing that I keep stressing when you go to these headlines,

0:36:58.360 --> 0:37:00.719
<v Speaker 2>Like I said, if you were just rolling through your

0:37:00.760 --> 0:37:03.520
<v Speaker 2>headlines or the headlines, if you get your phone and

0:37:03.560 --> 0:37:05.560
<v Speaker 2>you pull that up, which was a lot of people,

0:37:06.120 --> 0:37:09.520
<v Speaker 2>a lot of young people and you know some people,

0:37:09.800 --> 0:37:12.680
<v Speaker 2>older people. They scroll through their phones and they see

0:37:12.800 --> 0:37:16.279
<v Speaker 2>the headlines. So if you see a headline US manufacturing

0:37:16.400 --> 0:37:21.600
<v Speaker 2>mired in weakness as tariff glooms, gloom spreads. Okay, where

0:37:21.719 --> 0:37:25.439
<v Speaker 2>is that in this comment here about the expansion of

0:37:25.520 --> 0:37:32.000
<v Speaker 2>the manufacturing See the headline doesn't match the story. Okay.

0:37:32.520 --> 0:37:36.840
<v Speaker 2>Then they talk about a month long shutdown US government

0:37:37.120 --> 0:37:39.640
<v Speaker 2>is making it difficult to get a good read of

0:37:39.680 --> 0:37:42.880
<v Speaker 2>the economy. The shutdown, on track to be the longest

0:37:42.920 --> 0:37:47.480
<v Speaker 2>on record, has caused a government economic data blackout. Prior

0:37:47.640 --> 0:37:51.920
<v Speaker 2>to the shutdown, the economy appeared to be on solid

0:37:51.920 --> 0:37:55.240
<v Speaker 2>footing for much of the third quarter, spurred by consumer

0:37:55.360 --> 0:37:59.839
<v Speaker 2>spending and to some extent, business investment in artificial intelligence.

0:38:00.200 --> 0:38:06.120
<v Speaker 2>But the shutdown could undercut consumer spending. As food aid

0:38:06.520 --> 0:38:09.719
<v Speaker 2>to nearly forty two million people lapsed on Saturday. That

0:38:09.800 --> 0:38:12.440
<v Speaker 2>has been taken care of. Something like sixty percent of

0:38:12.480 --> 0:38:15.480
<v Speaker 2>those benefits have been done, and it will be And

0:38:15.560 --> 0:38:18.719
<v Speaker 2>now that the election is over and we don't have

0:38:18.760 --> 0:38:22.120
<v Speaker 2>to worry about all those people talking about the economy

0:38:22.160 --> 0:38:25.239
<v Speaker 2>and of focus on that, and then how horrible the

0:38:25.280 --> 0:38:29.520
<v Speaker 2>Trump administration is because they're trying to get themselves elected.

0:38:29.600 --> 0:38:33.160
<v Speaker 2>Now that that's all behind us, maybe now the Democrats

0:38:33.200 --> 0:38:35.400
<v Speaker 2>will say, you know what, we're going to end the

0:38:35.400 --> 0:38:38.640
<v Speaker 2>Schumer shut down. We're going to stop insisting on you

0:38:38.680 --> 0:38:41.759
<v Speaker 2>know what, do we keep hearing We kept hearing that,

0:38:41.920 --> 0:38:46.600
<v Speaker 2>you know, our budget deficit is now over our debt

0:38:46.760 --> 0:38:50.680
<v Speaker 2>is now over thirty seven trillion dollars. It's unsustainable. We're

0:38:50.719 --> 0:38:53.120
<v Speaker 2>going to go bankrupt as a country. But oh, by

0:38:53.160 --> 0:38:56.600
<v Speaker 2>the way, let's add one point five trillion more dollars

0:38:56.640 --> 0:39:00.400
<v Speaker 2>to that, because we want to provide all kinds of

0:39:00.400 --> 0:39:03.560
<v Speaker 2>services to people that aren't even citizens of this country.

0:39:03.840 --> 0:39:06.520
<v Speaker 2>While our veterans are out on the street. Our veterans

0:39:06.520 --> 0:39:09.399
<v Speaker 2>aren't getting the care that they need. And we spent

0:39:09.560 --> 0:39:12.840
<v Speaker 2>one point what is it, one point five trillion dollars

0:39:13.040 --> 0:39:15.760
<v Speaker 2>on the Green News steal over the last several years,

0:39:15.880 --> 0:39:18.640
<v Speaker 2>when we could have been spending that on infrastructure, repairing

0:39:18.640 --> 0:39:23.359
<v Speaker 2>our roads. So we're not damaging our suspensions, and we

0:39:23.400 --> 0:39:27.279
<v Speaker 2>could provide more for our veterans. But let's spend one

0:39:27.360 --> 0:39:32.040
<v Speaker 2>point five trillion dollars on people that have invaded this country.

0:39:32.280 --> 0:39:34.920
<v Speaker 2>And we want to spend that money rather than and

0:39:35.239 --> 0:39:37.719
<v Speaker 2>we'll grow the deficit, but not to do anything for

0:39:37.760 --> 0:39:42.080
<v Speaker 2>our veterans. Unbelievable. So anyway, maybe now that the election

0:39:42.239 --> 0:39:46.800
<v Speaker 2>has passed and those are still settled and whatever, the

0:39:46.880 --> 0:39:48.759
<v Speaker 2>numbers are going to be coming out. As far as that,

0:39:49.080 --> 0:39:53.000
<v Speaker 2>I honestly didn't want to even look well, I did

0:39:53.080 --> 0:39:55.239
<v Speaker 2>look at it a little bit, but just you know,

0:39:55.280 --> 0:39:58.040
<v Speaker 2>it's like I just I'll deal with it later on,

0:39:58.160 --> 0:40:00.200
<v Speaker 2>you know, when we get home, because I did I

0:40:00.239 --> 0:40:03.560
<v Speaker 2>didn't make I did record some of it just so

0:40:03.600 --> 0:40:06.040
<v Speaker 2>I could get an idea of what they were talking

0:40:06.040 --> 0:40:10.359
<v Speaker 2>about at the time. So it's amazing when you look

0:40:10.400 --> 0:40:13.400
<v Speaker 2>at these numbers. Now. What we've been hearing also along

0:40:13.440 --> 0:40:17.160
<v Speaker 2>the way, is that China is not cooperating China. We've

0:40:17.160 --> 0:40:21.400
<v Speaker 2>had this problem. Trump met with the Jijingpang last week

0:40:21.600 --> 0:40:24.120
<v Speaker 2>and already as a result of that, you know, they

0:40:24.120 --> 0:40:27.480
<v Speaker 2>were talking about, well, they did not buy as much

0:40:27.520 --> 0:40:29.759
<v Speaker 2>soybeans this year as they did last year, and they're

0:40:29.800 --> 0:40:33.160
<v Speaker 2>not buying wheat all right. Well, what I'm not hearing

0:40:33.800 --> 0:40:37.200
<v Speaker 2>is that where are they buying it, because there's if

0:40:37.239 --> 0:40:39.800
<v Speaker 2>you're talking about soybean and wheat, you're still going to

0:40:39.880 --> 0:40:41.680
<v Speaker 2>have to feed your people. Your people are going to

0:40:41.719 --> 0:40:44.400
<v Speaker 2>have to eat something now where they're working off the

0:40:44.480 --> 0:40:48.680
<v Speaker 2>stockpiles that they've built up because as we've seen that

0:40:48.800 --> 0:40:53.759
<v Speaker 2>with the oil supplies and stuff their economy, their economy

0:40:53.840 --> 0:40:56.920
<v Speaker 2>is not as strong as everybody likes to think. And

0:40:57.200 --> 0:41:00.880
<v Speaker 2>the cracks in this economy come about periodic. When you

0:41:00.920 --> 0:41:03.319
<v Speaker 2>see some of their production coming down, when you see

0:41:03.360 --> 0:41:06.799
<v Speaker 2>their manufacturing stalling, when you see their GDP falling, when

0:41:06.800 --> 0:41:10.719
<v Speaker 2>you see the fact that the property values within the

0:41:10.800 --> 0:41:13.839
<v Speaker 2>country are falling and those aren't coming back, those are

0:41:13.880 --> 0:41:16.799
<v Speaker 2>not good signs. But what they have been doing is

0:41:16.880 --> 0:41:19.719
<v Speaker 2>they have still been buying a lot of oil, and

0:41:19.840 --> 0:41:22.560
<v Speaker 2>people are trying to say, well, the economy must not

0:41:22.680 --> 0:41:25.600
<v Speaker 2>be too bad because they're built buying a lot of oil.

0:41:25.800 --> 0:41:27.960
<v Speaker 2>They're buying the same amount of oil that they were

0:41:28.000 --> 0:41:30.840
<v Speaker 2>over the last few years. But all of a sudden,

0:41:31.320 --> 0:41:33.720
<v Speaker 2>even though you know, even though it's a closed society

0:41:33.719 --> 0:41:36.280
<v Speaker 2>over there and we don't get free flow of information,

0:41:37.200 --> 0:41:39.360
<v Speaker 2>the words have come out that they have been building

0:41:39.440 --> 0:41:42.319
<v Speaker 2>up their stockpiles. Now my question is what are they

0:41:42.320 --> 0:41:45.200
<v Speaker 2>building up those stockpiles for. Are they building up for

0:41:45.239 --> 0:41:47.239
<v Speaker 2>a stockpile to the point where if they want to

0:41:47.520 --> 0:41:50.680
<v Speaker 2>do some oh, I don't know, maybe try to invade

0:41:51.200 --> 0:41:55.760
<v Speaker 2>Taiwan or do some sort of expansion of their country

0:41:55.840 --> 0:41:58.960
<v Speaker 2>or try to take over more territory or whatever that

0:41:59.000 --> 0:42:02.160
<v Speaker 2>they're worried about that if the oil supplies are cut

0:42:02.400 --> 0:42:04.640
<v Speaker 2>that they won't be able to fund that. So what

0:42:04.680 --> 0:42:07.160
<v Speaker 2>they're doing is building up over the years, they bought

0:42:07.200 --> 0:42:10.160
<v Speaker 2>a certain amount of grain. Maybe they've stored dataup because

0:42:10.239 --> 0:42:12.640
<v Speaker 2>obviously if they're not buying it from US, if they're

0:42:12.680 --> 0:42:15.840
<v Speaker 2>not indicating that they've bought it from anybody else. So

0:42:16.440 --> 0:42:23.240
<v Speaker 2>now that they're buying the soybeans and the wheat, maybe

0:42:23.239 --> 0:42:26.360
<v Speaker 2>they've been working off of their supplies that they've had.

0:42:26.800 --> 0:42:29.680
<v Speaker 2>So now all of a sudden, all this concern that

0:42:29.920 --> 0:42:32.240
<v Speaker 2>our farmers are going to have a problem with their crops,

0:42:32.600 --> 0:42:35.000
<v Speaker 2>which is going to be subsidized by the federal government

0:42:35.040 --> 0:42:37.520
<v Speaker 2>because if they're not being bought by China, they will

0:42:37.560 --> 0:42:40.759
<v Speaker 2>subsidize that. But now China's saying that they're going to

0:42:40.760 --> 0:42:44.200
<v Speaker 2>start buying all this stuff from the United States now.

0:42:44.360 --> 0:42:47.440
<v Speaker 2>So as a result of last week's trip to Asia

0:42:47.480 --> 0:42:52.120
<v Speaker 2>and sitting down with Jijingping, the ball has been moving

0:42:52.480 --> 0:42:54.680
<v Speaker 2>and the needle has been moving as far as trade

0:42:54.680 --> 0:42:57.759
<v Speaker 2>with China and raising getting to a certain deal. So

0:42:58.640 --> 0:43:02.440
<v Speaker 2>it's been a weird week and it's a weird and

0:43:02.160 --> 0:43:03.960
<v Speaker 2>I don't know if it's going to get any clearer

0:43:03.960 --> 0:43:06.360
<v Speaker 2>by the end of the week. But what we're seeing

0:43:06.400 --> 0:43:10.560
<v Speaker 2>on one end is being counterbalanced by something else. For

0:43:10.680 --> 0:43:13.040
<v Speaker 2>every bit of good news we're seeing, we're seeing a

0:43:13.040 --> 0:43:16.440
<v Speaker 2>little bit of possible bad news. And you know it'll

0:43:16.520 --> 0:43:19.960
<v Speaker 2>straighten itself out. But folks, we're up against clock here. Time,

0:43:20.000 --> 0:43:22.520
<v Speaker 2>fresh suit out the door. Stay tuned for Red Eye

0:43:22.640 --> 0:43:26.800
<v Speaker 2>Radio The Top the Hour. I'm Kevin Gordon, America's Trucking Network.

0:43:26.880 --> 0:43:30.600
<v Speaker 2>Trucking Network seven hundred w LW.

0:43:31.680 --> 0:43:36.759
<v Speaker 4>News, Traffic and Weather. News Radio seven hundred w l

0:43:37.080 --> 0:43:39.400
<v Speaker 4>W Cincinnati.

0:43:39.680 --> 0:43:41.080
<v Speaker 3>Pure Vaul Davits Bowman.

0:43:41.440 --> 0:43:44.919
<v Speaker 7>If your Top of the Hour reports, I'mley Mallin Breaking Now,

0:43:45.239 --> 0:43:45.600
<v Speaker 7>that is