1 00:00:00,040 --> 00:00:04,680 Speaker 1: Ween Radio where we ghosted the commercials trick or Street 2 00:00:04,800 --> 00:00:06,400 Speaker 1: Radio just for the kids. 3 00:00:07,360 --> 00:00:11,959 Speaker 2: Plus explore curated Halloween playlists perfect for party fives and more. 4 00:00:12,400 --> 00:00:16,160 Speaker 3: Just open the free iHeartRadio apps Halloween then listen. 5 00:00:16,320 --> 00:00:33,200 Speaker 2: Now this is America's Trucking Network with Kevin Gordon. 6 00:00:35,240 --> 00:00:38,640 Speaker 4: Welcome Moore, Thanks for tuning in on this Wednesday morning 7 00:00:39,240 --> 00:00:43,400 Speaker 4: atn the show that is the exception to the rule 8 00:00:43,440 --> 00:00:45,919 Speaker 4: that nothing good happens after midnight. 9 00:00:46,159 --> 00:00:47,680 Speaker 3: A little bit of a weather note. 10 00:00:48,040 --> 00:00:50,720 Speaker 4: We are still in the hurricane season and there is 11 00:00:50,920 --> 00:00:54,720 Speaker 4: a named tropical storm, the tenth of the season, named Jerry, 12 00:00:55,400 --> 00:00:59,120 Speaker 4: and it's out over the tropical central Atlantic. Now, this 13 00:00:59,600 --> 00:01:02,720 Speaker 4: storm looks like it's going to follow the pattern of 14 00:01:02,880 --> 00:01:05,319 Speaker 4: just about every well, the other nine storms that have 15 00:01:05,400 --> 00:01:09,720 Speaker 4: come up during this hurricane season. It starts approaching the 16 00:01:10,240 --> 00:01:15,600 Speaker 4: United States somewhere close to or towards the you know, 17 00:01:15,840 --> 00:01:20,120 Speaker 4: Haiti and Dominican Republic, Puerto Rico that and then all 18 00:01:20,120 --> 00:01:21,880 Speaker 4: of a sudden it kind of hits the tip of 19 00:01:21,920 --> 00:01:27,479 Speaker 4: that and then veers north and then starts going back eastward. 20 00:01:27,600 --> 00:01:32,240 Speaker 4: So they're not anticipating this hitting landfall, but we do 21 00:01:32,319 --> 00:01:34,400 Speaker 4: have those outer surges like we've had with some of 22 00:01:34,440 --> 00:01:37,319 Speaker 4: the other storms, and what was it last week lost 23 00:01:37,360 --> 00:01:41,240 Speaker 4: twelve houses along the Cape the outer banks there in 24 00:01:41,240 --> 00:01:44,880 Speaker 4: North Carolina, something like twelve houses. But as far as 25 00:01:44,920 --> 00:01:47,600 Speaker 4: direct hits on the United States, it doesn't appear that way, 26 00:01:47,680 --> 00:01:53,560 Speaker 4: so that's good news. Yesterday I was watching this press 27 00:01:53,560 --> 00:01:56,800 Speaker 4: at the press conference because Mark Carney, who is the 28 00:01:56,840 --> 00:02:00,960 Speaker 4: Prime Minister of Canada, was meeting with Donald Trump talking 29 00:02:01,000 --> 00:02:05,960 Speaker 4: about trade negotiations and this impasse between Canada and the 30 00:02:06,040 --> 00:02:09,519 Speaker 4: United States and as far as tariffs and what needs 31 00:02:09,600 --> 00:02:14,440 Speaker 4: to be done. And it was interesting because at first, 32 00:02:14,480 --> 00:02:17,840 Speaker 4: you know, Donald Trump would tease about Canada becoming the 33 00:02:17,880 --> 00:02:21,840 Speaker 4: fifty first state and he kind of well, tongue in 34 00:02:21,960 --> 00:02:25,920 Speaker 4: cheek wise because and he pointed out and this kind 35 00:02:25,960 --> 00:02:28,880 Speaker 4: of brought this home when I started thinking about it. 36 00:02:30,080 --> 00:02:33,440 Speaker 4: Here in the Greater Cincinnati Northern Kentucky region, we have 37 00:02:33,880 --> 00:02:36,600 Speaker 4: Cincinnati on one side of the Ohio River and then 38 00:02:36,720 --> 00:02:39,280 Speaker 4: Kentucky on the other side of the river. And we 39 00:02:39,440 --> 00:02:43,600 Speaker 4: have two cities in northern Kentucky, Covington and Newport, and 40 00:02:43,680 --> 00:02:46,880 Speaker 4: a couple of other cities. But the main focus is, 41 00:02:46,919 --> 00:02:50,640 Speaker 4: you know, businesses along the river. And there was a 42 00:02:50,720 --> 00:02:54,040 Speaker 4: time back in the beginning of the about twenty ten, 43 00:02:54,200 --> 00:02:58,680 Speaker 4: somewhere around there, there was this move where Cincinnati would 44 00:02:58,720 --> 00:03:03,000 Speaker 4: come over and pote businesses from northern Kentucky, I mean 45 00:03:03,080 --> 00:03:06,560 Speaker 4: right across the river an office tower just right at 46 00:03:06,560 --> 00:03:09,560 Speaker 4: the end of the bridge, and then Kentucky would go 47 00:03:09,639 --> 00:03:12,960 Speaker 4: over to Ohio and start poaching businesses over there to 48 00:03:13,080 --> 00:03:19,240 Speaker 4: move them to northern Kentucky. Now it benefits Ohio, it 49 00:03:19,360 --> 00:03:24,720 Speaker 4: benefits Cincinnati to take businesses from Kentucky Covington, Newport, etc. 50 00:03:25,520 --> 00:03:29,160 Speaker 4: And it also benefits Kentucky to take businesses from there. 51 00:03:29,280 --> 00:03:32,880 Speaker 4: But as far as the region is concerned, there's really 52 00:03:33,240 --> 00:03:37,480 Speaker 4: no change and it really doesn't benefit anybody. The purpose 53 00:03:37,560 --> 00:03:42,520 Speaker 4: would be then to maybe acquire or entice businesses to 54 00:03:42,560 --> 00:03:49,840 Speaker 4: come from other states Florida, Illinois, Indiana, somewhere else, even Tennessee. 55 00:03:51,160 --> 00:03:54,960 Speaker 4: And so that would then build the region as opposed 56 00:03:55,000 --> 00:03:58,800 Speaker 4: to just a particular city benefiting or a particular state. 57 00:04:00,040 --> 00:04:02,360 Speaker 4: And as they were discussing this now back in May, 58 00:04:02,400 --> 00:04:05,480 Speaker 4: you know, Donald Trump was teasing about kind of becoming 59 00:04:05,520 --> 00:04:07,960 Speaker 4: the fifty first state because of you know, just do 60 00:04:08,080 --> 00:04:10,600 Speaker 4: away with the tariffs and we'll just make them a state. 61 00:04:10,960 --> 00:04:14,560 Speaker 4: And of course Mark Carney being the Prime minister newly 62 00:04:14,600 --> 00:04:17,919 Speaker 4: elected was I think you could tell he was a 63 00:04:17,920 --> 00:04:20,680 Speaker 4: little bit irritated by that and told him, you know, 64 00:04:22,240 --> 00:04:24,960 Speaker 4: frankly that you know, as a real estate development you 65 00:04:25,040 --> 00:04:28,159 Speaker 4: know that certain certain territory, a certain land is not 66 00:04:28,320 --> 00:04:31,000 Speaker 4: for sale. And he was being very bold with that. 67 00:04:31,480 --> 00:04:35,080 Speaker 4: But since then they have talked to each other. They 68 00:04:35,120 --> 00:04:39,839 Speaker 4: have a very warm relationship, and this press conference yesterday 69 00:04:40,320 --> 00:04:44,080 Speaker 4: was very friendly. Donald Trump was complimenting him on some 70 00:04:44,120 --> 00:04:46,080 Speaker 4: of the stuff that they're doing, especially on the war 71 00:04:46,160 --> 00:04:49,520 Speaker 4: on Terror and trying to reach an agreement with Gaza 72 00:04:50,520 --> 00:04:53,880 Speaker 4: over in Gaza to end that hostage situation over there. 73 00:04:54,600 --> 00:04:58,400 Speaker 4: Carney was very complimentary of Trump and all the stuff 74 00:04:58,440 --> 00:05:01,599 Speaker 4: that he has been doing on the world stage, et cetera. 75 00:05:01,720 --> 00:05:06,360 Speaker 4: I mean, it was this, It was this just it 76 00:05:06,440 --> 00:05:09,400 Speaker 4: was you think these two guys were best of friends 77 00:05:09,400 --> 00:05:12,000 Speaker 4: for a number of years as opposed to this hostility. 78 00:05:12,360 --> 00:05:17,400 Speaker 4: But during the discussion, Trump pointed out that in the past, 79 00:05:18,080 --> 00:05:22,880 Speaker 4: Canada wanted companies to move to the Canada Detroit all 80 00:05:22,920 --> 00:05:27,360 Speaker 4: the auto manufacturers. Auto manufacturers were looking for cheaper labor. 81 00:05:27,400 --> 00:05:31,279 Speaker 4: The cheaper labor was up in Canada, cheaper land, being 82 00:05:31,320 --> 00:05:35,479 Speaker 4: able to build factories up there maybe not necessarily the 83 00:05:35,600 --> 00:05:39,320 Speaker 4: same wages and so on. In the United States. Mexico 84 00:05:39,520 --> 00:05:41,680 Speaker 4: was part of that. We saw a big movement, a 85 00:05:41,680 --> 00:05:45,680 Speaker 4: lot of businesses moving to Mexico, and that left this 86 00:05:45,839 --> 00:05:49,280 Speaker 4: trade imbalance of where we were exporting jobs and we 87 00:05:49,279 --> 00:05:53,040 Speaker 4: were losing manufacturing jobs at a rapid rate. And as 88 00:05:53,040 --> 00:05:56,320 Speaker 4: they were pointing out, yes, Canada wants to produce cars 89 00:05:56,320 --> 00:05:58,320 Speaker 4: and they want to sell them into the United States. 90 00:05:58,720 --> 00:06:01,599 Speaker 4: We want to produce cars and sell them into Canada 91 00:06:01,680 --> 00:06:04,520 Speaker 4: and so on, and he talked about that these are 92 00:06:04,839 --> 00:06:10,000 Speaker 4: kind of touchy situations where, you know, we both. 93 00:06:09,760 --> 00:06:10,800 Speaker 3: Have the same interest. 94 00:06:11,560 --> 00:06:15,640 Speaker 4: It's good for one country or the other, but as 95 00:06:15,680 --> 00:06:19,159 Speaker 4: far as the northern hemisphere, so to speak, it really 96 00:06:19,200 --> 00:06:22,080 Speaker 4: doesn't benefit. So what they're trying to do is work 97 00:06:22,120 --> 00:06:24,640 Speaker 4: out some of these arrangements. Now they talk later on 98 00:06:24,839 --> 00:06:27,400 Speaker 4: in the afternoon. I don't know what else is coming 99 00:06:27,400 --> 00:06:31,600 Speaker 4: out of that, but watching that press conference versus the 100 00:06:31,600 --> 00:06:36,160 Speaker 4: press conference earlier in May, it was absolutely incredible the 101 00:06:36,520 --> 00:06:41,599 Speaker 4: change in tone. Again they're talking about, you know, again 102 00:06:41,760 --> 00:06:45,480 Speaker 4: talking about the Canadians. One of the questions came up 103 00:06:45,520 --> 00:06:50,560 Speaker 4: Canadian citizens boycotting the United States, something like tourism is 104 00:06:50,600 --> 00:06:55,080 Speaker 4: down twenty three percent, because I guess they took seriously 105 00:06:55,200 --> 00:06:58,400 Speaker 4: or took offense to what Trump was saying. But then again, 106 00:06:58,839 --> 00:07:02,520 Speaker 4: you know, Canada has not always been the greatest trading 107 00:07:02,560 --> 00:07:06,240 Speaker 4: partner with US, and our citizens going over there for 108 00:07:06,360 --> 00:07:09,760 Speaker 4: tourism has not always been all that friendly as well. 109 00:07:10,040 --> 00:07:12,840 Speaker 4: There are certain areas over there it's like going to France, 110 00:07:12,880 --> 00:07:15,520 Speaker 4: because over in France, they just they just have it. 111 00:07:15,600 --> 00:07:18,560 Speaker 4: I don't give a crap attitude about anybody that visits there. 112 00:07:18,960 --> 00:07:21,640 Speaker 3: So they have those things to work out. 113 00:07:21,680 --> 00:07:24,800 Speaker 4: But I think the Canadians, and hell, it may have 114 00:07:24,840 --> 00:07:29,040 Speaker 4: been as simple as the economy up in Canada is 115 00:07:29,280 --> 00:07:32,560 Speaker 4: basically the same as ours to a certain extent, and 116 00:07:32,640 --> 00:07:36,760 Speaker 4: so maybe their economy being on a downturn people can't afford. 117 00:07:36,920 --> 00:07:38,600 Speaker 4: But of course they want to play it up as 118 00:07:38,640 --> 00:07:41,520 Speaker 4: though all these people are protesting against the United States, 119 00:07:41,520 --> 00:07:44,200 Speaker 4: that they dislike the United States, and Mark Carney point 120 00:07:44,200 --> 00:07:47,120 Speaker 4: and I said, people of Canada love the United States, 121 00:07:47,240 --> 00:07:49,240 Speaker 4: And Trump said, the people of the United States love 122 00:07:49,320 --> 00:07:55,000 Speaker 4: the Canadians. So it's it's it's a complicated situation. But again, 123 00:07:55,320 --> 00:07:59,800 Speaker 4: you've got to reach some sort of a negotiation. Because 124 00:08:00,160 --> 00:08:04,560 Speaker 4: we pointed out or April the second, a Liberation Day. 125 00:08:05,040 --> 00:08:08,520 Speaker 4: On that particular day, Trump trotted out all those charts. 126 00:08:08,520 --> 00:08:12,120 Speaker 4: It said, Okay, here's what tariffs these countries are charging us. 127 00:08:12,400 --> 00:08:16,240 Speaker 4: Here's what we're charging them. We had situations where between 128 00:08:16,360 --> 00:08:19,679 Speaker 4: US and Canada, you sell milk or eggs or something 129 00:08:19,800 --> 00:08:22,760 Speaker 4: like that, there's a two hundred and ninety nine percent 130 00:08:22,960 --> 00:08:26,400 Speaker 4: tariff on those goods going into Canada. There's no way 131 00:08:26,440 --> 00:08:29,480 Speaker 4: in hell you're going to sell those goods over in Canada. 132 00:08:29,520 --> 00:08:32,120 Speaker 4: And likewise, with some of the cars going over there, 133 00:08:32,320 --> 00:08:35,760 Speaker 4: they charge a lot on the tariffs of our cars 134 00:08:35,800 --> 00:08:38,160 Speaker 4: going over there, but we charge very little on the 135 00:08:38,200 --> 00:08:41,080 Speaker 4: cars that are manufactured over there. Even though those are 136 00:08:41,120 --> 00:08:45,040 Speaker 4: American companies that are manufacturing over there bringing them into 137 00:08:45,080 --> 00:08:47,720 Speaker 4: the United States, we don't charge tariffs on that. 138 00:08:48,080 --> 00:08:50,400 Speaker 3: So trying to equalize that balance out. 139 00:08:50,920 --> 00:08:54,120 Speaker 4: And again, as I've been saying from the beginning back 140 00:08:54,160 --> 00:08:58,520 Speaker 4: in April, that if these countries are worried about how 141 00:08:58,559 --> 00:09:01,840 Speaker 4: these tariffs are going to affect them, if they're not 142 00:09:01,880 --> 00:09:04,080 Speaker 4: going to be selling as much goods into the United 143 00:09:04,080 --> 00:09:07,960 Speaker 4: States because we are raising our terraffs, well, welcome to 144 00:09:08,000 --> 00:09:11,400 Speaker 4: the club gang. Because we're having problems selling stuff into 145 00:09:11,440 --> 00:09:15,600 Speaker 4: your country and it's affecting our jobs. So if you're 146 00:09:15,600 --> 00:09:19,160 Speaker 4: worried about your jobs going down because of tariffs that 147 00:09:19,200 --> 00:09:22,160 Speaker 4: we're charging, lower your terraffs and we'll play on the 148 00:09:22,200 --> 00:09:25,800 Speaker 4: same level playing field instead of this unfair trade if 149 00:09:25,840 --> 00:09:29,480 Speaker 4: you charging high terraffs and US charging very little terriffs. 150 00:09:29,559 --> 00:09:30,960 Speaker 3: It's a very simple situation. 151 00:09:31,520 --> 00:09:33,800 Speaker 4: But there's certain trade agreements that have to be put 152 00:09:33,840 --> 00:09:37,120 Speaker 4: in place, there's certain barriers that need to be lowered, 153 00:09:37,440 --> 00:09:38,920 Speaker 4: and this is going to continue. 154 00:09:38,960 --> 00:09:40,360 Speaker 3: So they're working this out. 155 00:09:40,360 --> 00:09:45,199 Speaker 4: But the contrast between that particular conference and that press 156 00:09:45,240 --> 00:09:50,559 Speaker 4: conference there in May Versus yesterday was just absolutely incredible 157 00:09:50,800 --> 00:09:54,120 Speaker 4: and it was interesting just how well they got along. 158 00:09:54,440 --> 00:09:56,480 Speaker 4: Coming up, we're gonna be talking a little bit more. 159 00:09:57,280 --> 00:09:59,200 Speaker 4: That's pretty much of that, but we're gonna be talking 160 00:09:59,200 --> 00:10:03,280 Speaker 4: about despite some of the economic uncertainty, there are certain 161 00:10:03,280 --> 00:10:05,400 Speaker 4: things that are still going on and going on strong. 162 00:10:05,480 --> 00:10:10,360 Speaker 4: I'm Kevin Gordon, America's struck in Network seven hundred WLW 163 00:10:11,520 --> 00:10:12,400 Speaker 4: need This is. 164 00:10:12,360 --> 00:10:14,920 Speaker 1: The racing reward on America's drugging Network. 165 00:10:15,080 --> 00:10:16,840 Speaker 3: On seven hundred WLW. 166 00:10:17,679 --> 00:10:21,640 Speaker 5: NHRA officials announced a six NHR mission foods Drag Racing 167 00:10:21,679 --> 00:10:25,240 Speaker 5: series competitors currently in contention for the twenty twenty five 168 00:10:25,400 --> 00:10:29,040 Speaker 5: NHRA Rookie of the Year Award. 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That's 186 00:11:23,200 --> 00:11:26,720 Speaker 6: how Starfire is breaking the mold. Visit US at starfire 187 00:11:26,800 --> 00:11:30,080 Speaker 6: dot com or give us a call. We answer the phone. Starfire. 188 00:11:30,200 --> 00:11:33,320 Speaker 7: You're one stop for advertising called eight four four eight 189 00:11:33,360 --> 00:11:34,480 Speaker 7: four four iHeart. 190 00:11:36,800 --> 00:11:41,200 Speaker 4: I'm Kevin Gord in america'struck a Network seven hundred WLW. 191 00:11:41,520 --> 00:11:43,880 Speaker 3: I mentioned that we keep hearing all this. 192 00:11:44,760 --> 00:11:48,439 Speaker 4: You know, it's been since January when Trump came into office. 193 00:11:48,520 --> 00:11:51,280 Speaker 3: And maybe it's a situation if people. 194 00:11:51,120 --> 00:11:54,160 Speaker 4: Just aren't used to somebody who says they're going to 195 00:11:54,200 --> 00:11:57,240 Speaker 4: do something and then gets into office and actually does it. 196 00:11:57,720 --> 00:12:00,880 Speaker 4: I mean, you don't expect the person and coming into 197 00:12:00,960 --> 00:12:03,959 Speaker 4: office to do what they say. On the campaign trail, 198 00:12:04,160 --> 00:12:06,439 Speaker 4: why the hell are you voting for him? And yet 199 00:12:06,760 --> 00:12:11,000 Speaker 4: during the campaign, Trump talked about the unfair trade balance, 200 00:12:11,200 --> 00:12:13,760 Speaker 4: that there were going to be tariffs coming in if 201 00:12:13,760 --> 00:12:16,720 Speaker 4: he was elected president. All during a campaign he talked 202 00:12:16,720 --> 00:12:19,920 Speaker 4: about this balancing and getting back to fair trade instead 203 00:12:19,960 --> 00:12:21,000 Speaker 4: of just free trade. 204 00:12:21,040 --> 00:12:21,960 Speaker 3: He gets elected. 205 00:12:22,160 --> 00:12:26,400 Speaker 4: Between the election and the inauguration, you know, November fifth 206 00:12:26,440 --> 00:12:30,200 Speaker 4: and January the twentieth, talked about tariffs, putting those into place. 207 00:12:30,800 --> 00:12:36,040 Speaker 4: January twentieth, gets inaugurated, talks about tariffs. Actually Lewi de terriffs, 208 00:12:36,280 --> 00:12:39,920 Speaker 4: levied the terrifs On April to Second Liberation Day, and 209 00:12:40,040 --> 00:12:44,240 Speaker 4: all of a sudden, everybody's so shocked that these were 210 00:12:44,320 --> 00:12:48,439 Speaker 4: put into place, and economic uncertainty, and all we heard 211 00:12:48,679 --> 00:12:52,960 Speaker 4: from January on this, you know, economic uncertainty. We don't 212 00:12:53,000 --> 00:12:54,920 Speaker 4: know what these tariffs are going to do. Tariffs are 213 00:12:54,960 --> 00:12:57,840 Speaker 4: going to lead to rampant inflation. Inflation is going to 214 00:12:57,840 --> 00:13:00,400 Speaker 4: be up to you know, seven eight nine percent by 215 00:13:00,400 --> 00:13:00,719 Speaker 4: the end. 216 00:13:00,679 --> 00:13:01,080 Speaker 3: Of the year. 217 00:13:01,480 --> 00:13:05,000 Speaker 4: All this doming cline Terry's gonna push us into a recession. 218 00:13:05,040 --> 00:13:07,240 Speaker 4: They kept talking about the R word and so on, 219 00:13:07,440 --> 00:13:10,520 Speaker 4: and yet here we are in October, none of this 220 00:13:10,559 --> 00:13:11,280 Speaker 4: has happened. 221 00:13:11,679 --> 00:13:14,160 Speaker 3: And yet every story that talks. 222 00:13:13,960 --> 00:13:19,200 Speaker 4: About economic data talking about uncertainty, economic uncertainty, and it 223 00:13:19,240 --> 00:13:22,840 Speaker 4: all boils down to I will beat this drum till 224 00:13:23,080 --> 00:13:27,720 Speaker 4: the drum breaks and somebody pays attention at the Federal Reserve. 225 00:13:27,840 --> 00:13:32,400 Speaker 4: Lie Jerry Powell finally pays attention. Interest rates are the 226 00:13:32,440 --> 00:13:35,480 Speaker 4: thing that is holding us back. I keep making the 227 00:13:35,520 --> 00:13:38,680 Speaker 4: analogy that there's that there's some of these movies that 228 00:13:38,720 --> 00:13:42,079 Speaker 4: we're talking about the Oklahoma land rush, when that territory 229 00:13:42,240 --> 00:13:44,920 Speaker 4: was open to settlers and you could go in and 230 00:13:45,400 --> 00:13:48,120 Speaker 4: drive a stake in the ground and claim one hundred 231 00:13:48,160 --> 00:13:50,960 Speaker 4: and sixty some acres or whatever, and on a date 232 00:13:51,040 --> 00:13:53,680 Speaker 4: certain I don't remember the exact date, but everybody was 233 00:13:53,720 --> 00:13:55,400 Speaker 4: lined up on the border and. 234 00:13:55,400 --> 00:13:56,320 Speaker 3: Just getting ready to go. 235 00:13:56,520 --> 00:13:59,040 Speaker 4: You saw the horses, you know, getting hold ready and 236 00:13:59,080 --> 00:14:01,960 Speaker 4: holding the reins back, can hold that, and whatever time 237 00:14:02,000 --> 00:14:04,760 Speaker 4: it was, they shot off the gun and everybody goes 238 00:14:04,840 --> 00:14:08,440 Speaker 4: rushing into Oklahoma. This is what our economy is like 239 00:14:08,600 --> 00:14:11,760 Speaker 4: right now. Are a lot of these companies are standing 240 00:14:11,760 --> 00:14:14,560 Speaker 4: on the sidelines waiting for interest rates to come down 241 00:14:14,720 --> 00:14:17,839 Speaker 4: so they can expand their businesses, buy new trucks, buy 242 00:14:17,920 --> 00:14:23,040 Speaker 4: a new truck, expand the economy, expand their manufacturing facilities, 243 00:14:23,800 --> 00:14:26,160 Speaker 4: buy new equipment and so on, so that they can 244 00:14:26,320 --> 00:14:28,760 Speaker 4: have a little bit more prosperity. But when you're looking 245 00:14:28,800 --> 00:14:31,880 Speaker 4: at what it costs to borrow this money in order 246 00:14:31,920 --> 00:14:35,880 Speaker 4: to build these things or to acquire these assets, people 247 00:14:35,920 --> 00:14:38,640 Speaker 4: are saying, you know, maybe we can hold off another month, 248 00:14:38,680 --> 00:14:41,400 Speaker 4: Maybe we should hold off until the Federal reserve kicks in. 249 00:14:41,760 --> 00:14:44,600 Speaker 4: And I've been pointing out the fact that the overnight 250 00:14:44,760 --> 00:14:48,320 Speaker 4: rate is what the Fed controls. As far as the 251 00:14:48,520 --> 00:14:52,760 Speaker 4: funds that are borrowed from individual banks. If certain banks 252 00:14:52,800 --> 00:14:55,520 Speaker 4: need to have certain cash reserves or cash available to 253 00:14:55,600 --> 00:14:58,240 Speaker 4: cash checks or to transfer money or whatever. They have 254 00:14:58,280 --> 00:15:01,280 Speaker 4: to borrow that because they'll always keep that in their bank, 255 00:15:01,680 --> 00:15:04,240 Speaker 4: so they would have to transfer that or borrow that 256 00:15:04,480 --> 00:15:06,840 Speaker 4: from a member bank. And that's the overnight rate that 257 00:15:06,880 --> 00:15:09,400 Speaker 4: they keep talking about, that four percent, four point twenty 258 00:15:09,440 --> 00:15:14,240 Speaker 4: five percent, which the rate is now in every other England, France, 259 00:15:14,760 --> 00:15:18,880 Speaker 4: European Union, Germany, all Canada, All these rates are around 260 00:15:19,040 --> 00:15:22,320 Speaker 4: two percent, Some are as low as one point five percent. 261 00:15:22,440 --> 00:15:25,200 Speaker 4: Japan I think is somewhere around two percent as well. 262 00:15:25,560 --> 00:15:29,480 Speaker 4: Ours is four percent. So that carries over into your 263 00:15:29,480 --> 00:15:33,360 Speaker 4: credit card interest that that then goes into any of 264 00:15:33,400 --> 00:15:35,880 Speaker 4: the debt as far as on those credit cards. 265 00:15:36,040 --> 00:15:37,560 Speaker 3: It also affects. 266 00:15:38,720 --> 00:15:43,240 Speaker 4: Interest payments on car loans, truck loans, so on. That 267 00:15:43,320 --> 00:15:47,720 Speaker 4: effects also eventually trickle down into the mortgage rate. With 268 00:15:47,880 --> 00:15:50,880 Speaker 4: seven percent close to seven percent, six and a half percent. 269 00:15:51,320 --> 00:15:54,800 Speaker 4: Back during the beginning of the Biden administration, interest rates 270 00:15:54,800 --> 00:15:58,160 Speaker 4: are down below three percent. We are now double that amount. 271 00:15:58,320 --> 00:16:01,520 Speaker 4: And we've talked a couple of times on this show 272 00:16:01,800 --> 00:16:04,840 Speaker 4: about how that affects the type of house, how much 273 00:16:04,880 --> 00:16:07,440 Speaker 4: house you can afford, and how much your mortgage payment 274 00:16:07,480 --> 00:16:09,760 Speaker 4: is going to be the mere fact that people are 275 00:16:09,800 --> 00:16:12,960 Speaker 4: standing on this sidelines lowering the interest rate. If you 276 00:16:13,000 --> 00:16:16,320 Speaker 4: want to talk about economic uncertainty, we already have ten 277 00:16:16,400 --> 00:16:19,040 Speaker 4: months of where these tariffs have been in effect and 278 00:16:19,080 --> 00:16:22,120 Speaker 4: how they have affected prices, and we have had little 279 00:16:22,120 --> 00:16:25,640 Speaker 4: to no indication in any of the And as we 280 00:16:25,680 --> 00:16:28,720 Speaker 4: said at the beginning, certain prices are going to go up, 281 00:16:29,040 --> 00:16:31,520 Speaker 4: but then certain prices are going to come down, So 282 00:16:31,720 --> 00:16:35,520 Speaker 4: overall inflation is going to be relatively the same. We 283 00:16:35,560 --> 00:16:38,600 Speaker 4: are still pretty much around two point eight percent two 284 00:16:38,640 --> 00:16:44,000 Speaker 4: point seven percent inflation rate. And then so we haven't 285 00:16:44,000 --> 00:16:48,280 Speaker 4: seen a negligible increase. Now if you're talking about particular items, 286 00:16:48,360 --> 00:16:51,120 Speaker 4: yeah you're going to notice that, but overall, all the 287 00:16:51,160 --> 00:16:54,720 Speaker 4: different items that are purchased the that effect is going 288 00:16:54,760 --> 00:16:58,680 Speaker 4: to be zero. So again prefacing that here, we have 289 00:16:58,800 --> 00:17:03,120 Speaker 4: yet another story. Despite economic uncertainty, US auto sales rise 290 00:17:03,200 --> 00:17:05,520 Speaker 4: in the third quarter. I didn't think any of that 291 00:17:05,680 --> 00:17:09,160 Speaker 4: was possible because people were not out spending money, people 292 00:17:09,240 --> 00:17:12,760 Speaker 4: weren't doing things. US auto sales are projected to rise 293 00:17:12,760 --> 00:17:16,359 Speaker 4: approximately six percent in the third quarter as consumers demand 294 00:17:16,640 --> 00:17:23,600 Speaker 4: remains strong despite ongoing economic uncertainty. If you've got economic uncertainty, 295 00:17:23,640 --> 00:17:25,679 Speaker 4: You're not going to go out and buy a major 296 00:17:25,760 --> 00:17:28,600 Speaker 4: asset like that because you're going to be stuck with 297 00:17:28,720 --> 00:17:31,199 Speaker 4: that and stuck with that payment. And why would you 298 00:17:31,280 --> 00:17:34,840 Speaker 4: go into debt under economic uncertainty? If you're not sure 299 00:17:34,880 --> 00:17:37,840 Speaker 4: about your job or certain about the economy and whether 300 00:17:37,920 --> 00:17:39,800 Speaker 4: things are going to go to hell in a handbasket, 301 00:17:40,040 --> 00:17:42,560 Speaker 4: You're not going to go out and make that major investment. 302 00:17:42,920 --> 00:17:45,119 Speaker 3: So why is it a shock to these people? 303 00:17:45,359 --> 00:17:48,399 Speaker 4: And again when you tell, I mean all these economists 304 00:17:48,400 --> 00:17:50,000 Speaker 4: and all they do is talk about. 305 00:17:49,920 --> 00:17:50,960 Speaker 3: This, that, and the other. Thing. 306 00:17:51,040 --> 00:17:55,040 Speaker 4: I want to remind you saying, and I love this 307 00:17:55,560 --> 00:17:58,760 Speaker 4: economists is an expert who will tell you who will 308 00:17:58,760 --> 00:18:04,000 Speaker 4: know tomorrow why the things he predicted yesterday didn't happen today. 309 00:18:04,240 --> 00:18:07,560 Speaker 3: That is so clear because they talk about. 310 00:18:07,320 --> 00:18:09,439 Speaker 4: All these things that are going to happen, then they 311 00:18:09,480 --> 00:18:12,800 Speaker 4: don't happen, and then when they don't happen, then they 312 00:18:12,840 --> 00:18:14,960 Speaker 4: go back and try to explain that, well, you know 313 00:18:15,200 --> 00:18:17,600 Speaker 4: this was off or this was off. Why don't you, 314 00:18:17,600 --> 00:18:20,239 Speaker 4: you know, kind of sharpen your pencil or whatever and 315 00:18:20,320 --> 00:18:24,120 Speaker 4: come up with better conclusions and maybe pick up an 316 00:18:24,119 --> 00:18:28,040 Speaker 4: economics history book and see how certain things have happened 317 00:18:28,040 --> 00:18:30,680 Speaker 4: in the past and figure that, well, if they happened 318 00:18:30,720 --> 00:18:33,160 Speaker 4: in the past this way and this was the pathway, 319 00:18:33,520 --> 00:18:36,840 Speaker 4: maybe it'll happen again, you know. So anyway, getting back 320 00:18:36,840 --> 00:18:40,600 Speaker 4: to the story, ongoing economic concerns, including tariffs and the 321 00:18:40,720 --> 00:18:44,080 Speaker 4: end of electric vehicle tax credit. Of course, the economic 322 00:18:44,160 --> 00:18:49,720 Speaker 4: uncertainty there, several major automobile automakers delivered solid sales growth 323 00:18:49,960 --> 00:18:53,359 Speaker 4: to the July to September period. General Motors and Ford 324 00:18:53,520 --> 00:18:58,280 Speaker 4: each reported eight percent increase in vehicle sales, while Toilet 325 00:18:59,320 --> 00:19:04,440 Speaker 4: Motors American Division reported a fourteen percent gain. According to 326 00:19:04,440 --> 00:19:08,240 Speaker 4: the market research firm Cox Automotive, US new vehicle sales 327 00:19:08,280 --> 00:19:12,560 Speaker 4: are expected to total around four point one four million 328 00:19:13,240 --> 00:19:18,560 Speaker 4: vehicles for quarter three four point one million in one 329 00:19:18,760 --> 00:19:23,280 Speaker 4: quarter for quarter three, up from three point nine million 330 00:19:23,480 --> 00:19:26,800 Speaker 4: from the same period last year. President Trump's One Big 331 00:19:26,880 --> 00:19:31,000 Speaker 4: Beautiful Bill officially ended the seven five hundred dollars tax 332 00:19:31,040 --> 00:19:35,119 Speaker 4: credit for EV purchases earlier this week, contributing to a 333 00:19:35,800 --> 00:19:39,440 Speaker 4: temporary spike in EV sales. But as it turns out, 334 00:19:39,840 --> 00:19:44,320 Speaker 4: now that those EV credits are down, guess what, the 335 00:19:44,359 --> 00:19:48,720 Speaker 4: automobile manufacturers are rolling back their prices. Because remember we've 336 00:19:48,760 --> 00:19:51,879 Speaker 4: talked about this before when that seven five hundred dollars 337 00:19:51,920 --> 00:19:54,880 Speaker 4: tax credit went into effect, almost the very next day, 338 00:19:55,200 --> 00:19:58,360 Speaker 4: a lot of the EV manufacturers raised their prices by 339 00:19:58,400 --> 00:19:59,920 Speaker 4: seven thousand dollars. 340 00:20:00,359 --> 00:20:01,760 Speaker 3: So what did you really net. 341 00:20:02,000 --> 00:20:04,800 Speaker 4: You get a seven thousand dollars tax credit, but you're 342 00:20:04,800 --> 00:20:07,760 Speaker 4: paying seven thousand dollars more for the vehicle. Now, mind 343 00:20:07,800 --> 00:20:10,480 Speaker 4: you that tax credit that comes off your current year. 344 00:20:10,520 --> 00:20:13,240 Speaker 4: It reduces your taxes and all that, but you're still 345 00:20:13,280 --> 00:20:16,240 Speaker 4: on the hook for that additional seven thousand dollars if 346 00:20:16,240 --> 00:20:19,199 Speaker 4: you're borrowing that over the life of that loan, and 347 00:20:19,240 --> 00:20:22,200 Speaker 4: that compounds to where it probably pretty much eats up 348 00:20:22,240 --> 00:20:23,919 Speaker 4: a lot of that credit that you'd be getting in 349 00:20:23,920 --> 00:20:27,560 Speaker 4: that first year. But again, Duncan Aldred, president of GM's 350 00:20:27,600 --> 00:20:31,280 Speaker 4: North America operations, said, consumer sentiment appears to have improved 351 00:20:31,320 --> 00:20:34,480 Speaker 4: in recent months. I think stability, clarity and the lack 352 00:20:34,560 --> 00:20:38,399 Speaker 4: that massive price rises that people feared is really driving 353 00:20:38,440 --> 00:20:40,320 Speaker 4: the market. We'll pick this up and talk a little 354 00:20:40,320 --> 00:20:43,120 Speaker 4: bit more about this because you know, again they talk 355 00:20:43,160 --> 00:20:47,879 Speaker 4: about economic uncertainty, and guess what the economic uncertainty is 356 00:20:47,920 --> 00:20:52,000 Speaker 4: with the economists. But the American people are steadfast and 357 00:20:52,080 --> 00:20:54,639 Speaker 4: going forward, and they're saying the heck with it. My 358 00:20:54,800 --> 00:20:57,359 Speaker 4: job is safe, or at least we are doing well. 359 00:20:57,520 --> 00:20:59,000 Speaker 4: We're going to go out and have a good time, 360 00:20:59,040 --> 00:21:01,360 Speaker 4: and we're going to continue spend money. I'm Kevin Born, 361 00:21:01,400 --> 00:21:05,520 Speaker 4: america'struck in Network seven hundred WLW. 362 00:21:05,480 --> 00:21:14,040 Speaker 8: News Traffic and Weather News Radio seven hundred WLW, Cincinnati. 363 00:21:13,359 --> 00:21:17,200 Speaker 7: In Oregon, federal orders are meeting local resistance. 364 00:21:17,640 --> 00:21:19,080 Speaker 3: It's your bottom of the hour report. 365 00:21:19,400 --> 00:21:21,960 Speaker 7: Sorry, it's her twelve thirty report, and I'm Travis Lair 366 00:21:22,119 --> 00:21:25,840 Speaker 7: breaking now. A federal judge has blocked the Trump administration 367 00:21:25,920 --> 00:21:29,239 Speaker 7: from deploying National Guard troops to Portland, a move the 368 00:21:29,280 --> 00:21:32,000 Speaker 7: White House says is needed to control crime around an 369 00:21:32,040 --> 00:21:37,000 Speaker 7: ice facility, where protests continue. In Chicago and Illinois, similar 370 00:21:37,080 --> 00:21:39,960 Speaker 7: lawsuits are underway as Texas Guard members arrive in the state. 371 00:21:40,200 --> 00:21:43,199 Speaker 7: The President is threatening to invoke the Insurrection Act if 372 00:21:43,240 --> 00:21:47,440 Speaker 7: courts don't allow the deployments. Here's ABC's Trevor Alt in Portland. 373 00:21:47,760 --> 00:21:51,840 Speaker 9: You have President from claiming that demonstrators and protesters, violent 374 00:21:51,920 --> 00:21:55,040 Speaker 9: criminals in his word, are burning down the city, whereas 375 00:21:55,080 --> 00:21:57,879 Speaker 9: the police chief and local officials are saying that the 376 00:21:57,920 --> 00:22:00,959 Speaker 9: demonstrations here are happening really on a single block of 377 00:22:01,000 --> 00:22:03,280 Speaker 9: a one hundred and forty five square mile. 378 00:22:03,119 --> 00:22:06,960 Speaker 7: City hearing in Oregon is set for Thursday as tensions 379 00:22:07,000 --> 00:22:09,720 Speaker 7: grow between federal and local authorities. 380 00:22:10,840 --> 00:22:14,040 Speaker 8: Now the Ladies forecast from the Train Heating and Cooling 381 00:22:14,040 --> 00:22:18,560 Speaker 8: Weather Center on news radio seven hundred WLW. 382 00:22:18,440 --> 00:22:20,760 Speaker 10: On the way to our Wednesday morning, We're looking at 383 00:22:20,800 --> 00:22:24,880 Speaker 10: clearing skies. Seven am. Temperature of fifty three. Now our 384 00:22:24,920 --> 00:22:27,480 Speaker 10: Wednesday is going to be mostly sunny, a high though 385 00:22:27,520 --> 00:22:30,920 Speaker 10: of just sixty eight at night, clear and much cooler. 386 00:22:31,119 --> 00:22:34,720 Speaker 10: We're dropping down to forty three from your severe weather station. 387 00:22:35,119 --> 00:22:39,920 Speaker 10: I'm nine First Warning Chief Meteorologist Steve Rawley, News Radio 388 00:22:40,080 --> 00:22:43,680 Speaker 10: seven hundred WLW. Right now sixty two degrees. 389 00:22:43,840 --> 00:22:47,520 Speaker 7: In Cincinnati, the driestate is facing what advocates call a 390 00:22:47,720 --> 00:22:52,040 Speaker 7: historic low in foster parent numbers. Local agencies say homes 391 00:22:52,080 --> 00:22:55,320 Speaker 7: in Greater Cincinnati are at capacity, and the shortage has 392 00:22:55,359 --> 00:22:57,800 Speaker 7: intensified since abortion restrictions took effect. 393 00:22:57,840 --> 00:22:58,639 Speaker 3: In Ohio. 394 00:22:58,960 --> 00:23:01,760 Speaker 7: More than thirty three one thousand children are in care 395 00:23:01,840 --> 00:23:04,760 Speaker 7: across the region, with some placed in group homes when 396 00:23:04,800 --> 00:23:08,640 Speaker 7: foster families can't be found. Advocates say more families are 397 00:23:08,640 --> 00:23:11,639 Speaker 7: needed to give kids stability and a safe place to 398 00:23:11,680 --> 00:23:14,639 Speaker 7: grow and after more than a half a century away, 399 00:23:14,680 --> 00:23:18,320 Speaker 7: the Children's Theater of Cincinnati is coming home. The company 400 00:23:18,359 --> 00:23:22,400 Speaker 7: returns to the historic Historic Emery Theater this weekend after 401 00:23:22,440 --> 00:23:26,679 Speaker 7: a two year, fifty million dollar renovation. The revamped space 402 00:23:26,760 --> 00:23:30,280 Speaker 7: now features cutting edge technology, including a rotating stage lift 403 00:23:30,480 --> 00:23:34,040 Speaker 7: and immersive lighting that surrounds the audience. The project also 404 00:23:34,280 --> 00:23:37,960 Speaker 7: honors the theatre's history with design details that pay tribute 405 00:23:38,040 --> 00:23:42,240 Speaker 7: to founder Mary Emery. The venue reopens on Friday with 406 00:23:42,480 --> 00:23:45,320 Speaker 7: The Wizard of Oz Junior. Your next update is at 407 00:23:45,320 --> 00:23:49,040 Speaker 7: one o'clock Breaking News anytime. I'm Travis Laird News Radio 408 00:23:49,119 --> 00:23:50,240 Speaker 7: seven hundred. 409 00:23:50,359 --> 00:23:54,080 Speaker 11: WLW You ever wonder how far an EV can take 410 00:23:54,080 --> 00:23:57,280 Speaker 11: you on one charge? Well, most people drive about forty 411 00:23:57,320 --> 00:24:00,439 Speaker 11: miles rocking shirt. It's with Smart Haul from Progressive Insure. 412 00:24:00,480 --> 00:24:05,160 Speaker 4: A variety of commercial vehicles from cars, pickup trucks, fans, trailers, semis, 413 00:24:05,320 --> 00:24:06,680 Speaker 4: dump panto trucks and more. 414 00:24:06,880 --> 00:24:09,080 Speaker 3: Learn more at Progressivecommercial dot com. 415 00:24:09,119 --> 00:24:18,359 Speaker 4: Not available in all steeds or situations. 416 00:24:18,640 --> 00:24:21,200 Speaker 12: Here's your trucking forecast the Try State and the rest 417 00:24:21,200 --> 00:24:23,520 Speaker 12: of the country and the tri State. Every night mostly 418 00:24:23,520 --> 00:24:26,520 Speaker 12: cloudy the low down to fifty three sunshine Wednesday, high 419 00:24:26,520 --> 00:24:30,280 Speaker 12: of sixty nine Thursday through Sunday, sunny skies. Highs are 420 00:24:30,280 --> 00:24:33,000 Speaker 12: in the upper sixties Thursday, with temperatures in the low 421 00:24:33,040 --> 00:24:36,080 Speaker 12: to mid seventies Friday and into the weekend. Nationally, there 422 00:24:36,160 --> 00:24:38,359 Speaker 12: was a thread of flash flooding over the Ohio Valley 423 00:24:38,400 --> 00:24:42,640 Speaker 12: and Central Appalachians Tuesday and into the nighttime hours. Moisture 424 00:24:42,640 --> 00:24:46,040 Speaker 12: from Hurricane Priscilla bringing thunderstorm chances to the Southwest and 425 00:24:46,080 --> 00:24:49,439 Speaker 12: Four Corners region starting Thursday, bringing at the least an 426 00:24:49,520 --> 00:24:51,480 Speaker 12: isolated threat of flash flooding. 427 00:24:54,200 --> 00:24:57,000 Speaker 4: Seven hundred wlw IM Kevin Gordon. 428 00:24:57,040 --> 00:24:58,560 Speaker 3: This is America's struck A network. 429 00:24:58,800 --> 00:25:00,680 Speaker 4: If you miss any of our previous segments, the under 430 00:25:00,720 --> 00:25:03,280 Speaker 4: of our shows hit up that iHeartRadio app brought to 431 00:25:03,280 --> 00:25:05,920 Speaker 4: you by our friends at Rush Truck Centers. We're talking 432 00:25:05,920 --> 00:25:09,720 Speaker 4: about this a particular story. Despite economic uncertainty, US auto 433 00:25:09,720 --> 00:25:12,359 Speaker 4: sales rise in the third Core, and I want to 434 00:25:12,400 --> 00:25:17,400 Speaker 4: re emphasize this particular comment in here. Duncan Aldred, president 435 00:25:17,400 --> 00:25:21,359 Speaker 4: of GM's North American operations, said consumer sentiment appears to 436 00:25:21,440 --> 00:25:25,119 Speaker 4: have improved in recent months now. A couple of weeks, 437 00:25:25,320 --> 00:25:28,280 Speaker 4: about a week or so ago, University of Michigan came 438 00:25:28,320 --> 00:25:31,600 Speaker 4: out with their Consumer Confidence Consumer Sentiment Report. 439 00:25:31,840 --> 00:25:33,359 Speaker 3: There's two reports that come out. 440 00:25:33,600 --> 00:25:38,520 Speaker 4: One is Consumer Sentiment from the Michigan the State University 441 00:25:38,520 --> 00:25:41,560 Speaker 4: of Michigan and their reports. Then the Commerce Department comes 442 00:25:41,600 --> 00:25:47,199 Speaker 4: out with Consumer another type, it's called Consumer Confidence, and 443 00:25:48,359 --> 00:25:51,800 Speaker 4: the two come out within a few days of each other. Now, 444 00:25:52,400 --> 00:25:56,640 Speaker 4: when you're talking about sentiment, and the University of Michigan 445 00:25:56,920 --> 00:26:00,800 Speaker 4: goes out with these surveys and talks to people, and 446 00:26:00,840 --> 00:26:03,800 Speaker 4: then based on that feedback, they come back and do 447 00:26:03,880 --> 00:26:10,240 Speaker 4: this Consumer's Sentiment report. Now, if you've got ninety four 448 00:26:10,320 --> 00:26:16,040 Speaker 4: percent of the news reports and on the economy being negative, 449 00:26:17,119 --> 00:26:21,000 Speaker 4: that is going to affect your mindset. And so when 450 00:26:21,040 --> 00:26:24,199 Speaker 4: somebody comes you know, you may be doing well. And 451 00:26:24,240 --> 00:26:27,480 Speaker 4: there's years ago. Let mean back up here a second. 452 00:26:27,560 --> 00:26:32,400 Speaker 4: Years ago, when they were talking about different congressional races 453 00:26:32,720 --> 00:26:36,159 Speaker 4: and they were talking about the reelection and the incumbents 454 00:26:36,240 --> 00:26:41,760 Speaker 4: versus somebody trying to unseat somebody. They said, you know, 455 00:26:41,880 --> 00:26:44,240 Speaker 4: Congress is at a very low rating. I think back 456 00:26:44,280 --> 00:26:48,159 Speaker 4: then it was in the thirties or maybe forties or whatever. 457 00:26:48,240 --> 00:26:52,240 Speaker 4: They're way down now. But when you talk to people, 458 00:26:52,240 --> 00:26:54,360 Speaker 4: they say, yeah, I don't have any confidence in Congress. 459 00:26:54,400 --> 00:26:57,040 Speaker 4: Congress is a bunch of scoundrels, and I don't like them, 460 00:26:57,040 --> 00:26:59,320 Speaker 4: and they're they're they're bad. But when it came to 461 00:26:59,560 --> 00:27:04,880 Speaker 4: their own congressman, their ratings were high. So it's one 462 00:27:04,880 --> 00:27:10,920 Speaker 4: of those weird situations where every district, every congressional district, 463 00:27:11,240 --> 00:27:16,240 Speaker 4: people love their congressmen, but overall everybody hates Congress. So 464 00:27:16,920 --> 00:27:20,480 Speaker 4: it's like the individual components don't match. So it's the 465 00:27:20,520 --> 00:27:23,480 Speaker 4: same way with this. You may be feeling these people 466 00:27:23,520 --> 00:27:26,719 Speaker 4: may be feeling confident about their own situation. They may 467 00:27:26,760 --> 00:27:30,040 Speaker 4: be feeling comfortable about how they're spending their money, the 468 00:27:30,119 --> 00:27:32,879 Speaker 4: money that they're making, and the security of their job. 469 00:27:33,200 --> 00:27:37,160 Speaker 4: But because they keep hearing this constant drumby from January 470 00:27:37,240 --> 00:27:41,360 Speaker 4: about Tariff's going to raise interest rate or inflation rate, 471 00:27:41,960 --> 00:27:43,800 Speaker 4: is going to lead to a recession, people are going 472 00:27:43,880 --> 00:27:46,200 Speaker 4: to be thrown out on the street and all kinds 473 00:27:46,200 --> 00:27:48,720 Speaker 4: of dire consequences. Then they have this in the back 474 00:27:48,760 --> 00:27:50,920 Speaker 4: of their mind and they're thinking, well, as far as 475 00:27:50,920 --> 00:27:53,879 Speaker 4: my current situation is good, but I'm worried about my neighbor, 476 00:27:53,880 --> 00:27:56,000 Speaker 4: I'm worried about the people down the street. I'm worried 477 00:27:56,000 --> 00:27:59,720 Speaker 4: about this particular industry and all this, so my confidence. 478 00:27:59,240 --> 00:28:00,960 Speaker 3: In the economy not very high. 479 00:28:01,280 --> 00:28:04,560 Speaker 4: But if my confidence in my own economy, my individual 480 00:28:04,560 --> 00:28:08,400 Speaker 4: economy is very high. And so you have all this negativity. 481 00:28:08,640 --> 00:28:12,800 Speaker 4: And in here the person that on the street, you 482 00:28:12,840 --> 00:28:15,720 Speaker 4: know where the rubber meets the road, got a little 483 00:28:15,720 --> 00:28:18,920 Speaker 4: bit of pun intended here talking about auto sales rubber meat. 484 00:28:18,720 --> 00:28:19,520 Speaker 3: In the road. 485 00:28:19,920 --> 00:28:23,600 Speaker 4: The head of the president of GM's North American Operations, 486 00:28:24,760 --> 00:28:28,919 Speaker 4: consumer sentiment appears to have improved in recent months, again 487 00:28:29,320 --> 00:28:31,520 Speaker 4: contrary to what we are seeing from some of these 488 00:28:31,560 --> 00:28:34,480 Speaker 4: other reports. I think stability, clarity, and lack of blah 489 00:28:34,520 --> 00:28:35,080 Speaker 4: blah blah. 490 00:28:35,320 --> 00:28:35,679 Speaker 3: Hondai. 491 00:28:36,560 --> 00:28:41,520 Speaker 4: North American American CEO Randy Parker expressed optimism about continued 492 00:28:41,520 --> 00:28:44,000 Speaker 4: strong sales through the end of the year, pointing to 493 00:28:44,040 --> 00:28:47,280 Speaker 4: recent interest rate cuts by the Federal Reserve. And those 494 00:28:47,280 --> 00:28:50,600 Speaker 4: were minor interest rate cuts. If they were even more, 495 00:28:50,760 --> 00:28:52,960 Speaker 4: if it was the half of percent that I've been 496 00:28:52,960 --> 00:28:55,920 Speaker 4: calling for or the one percent that other people are 497 00:28:55,960 --> 00:28:59,400 Speaker 4: calling for, imagine how the optimism with these car companies 498 00:28:59,400 --> 00:29:02,760 Speaker 4: would be at that point. Cox's Automotive noticed sustained demand 499 00:29:02,800 --> 00:29:06,320 Speaker 4: for mid sized crossovers and pickup trucks in September. However, 500 00:29:06,400 --> 00:29:10,920 Speaker 4: Analyst Charlie Cheeseborough warned that new vehicle sales may decline 501 00:29:10,920 --> 00:29:14,000 Speaker 4: in the coming months as automakers begin passing on increased 502 00:29:14,000 --> 00:29:18,280 Speaker 4: costs to consumers. More tariff products are replacing existing inventory, 503 00:29:18,520 --> 00:29:21,480 Speaker 4: and prices are expected to be pushed higher as automakers 504 00:29:21,520 --> 00:29:25,080 Speaker 4: pass along higher costs on import costs which they haven't 505 00:29:25,120 --> 00:29:28,400 Speaker 4: seen up to this point. Cox projects that I just 506 00:29:28,400 --> 00:29:31,040 Speaker 4: added that little editorial on the end there. Cox expects 507 00:29:31,080 --> 00:29:34,840 Speaker 4: General Motors will retain its top market share during the quarter, 508 00:29:34,920 --> 00:29:38,120 Speaker 4: followed by Toyota, Teslas and so on. Toyta has not 509 00:29:38,280 --> 00:29:42,520 Speaker 4: adjusted its production strategy in response to tariffs, and reported 510 00:29:42,600 --> 00:29:46,240 Speaker 4: in August that it faces nine point five billion dollar 511 00:29:46,440 --> 00:29:50,880 Speaker 4: impact from the levies. Damon Rose, head of Sales Toyota Brand, 512 00:29:51,000 --> 00:29:55,400 Speaker 4: acknowledge the possibility of industry wide price hikes. We do 513 00:29:55,480 --> 00:29:59,680 Speaker 4: think there'll be some industry price industry price increases. We've 514 00:29:59,720 --> 00:30:03,560 Speaker 4: been monitoring and tracking that road. But from Toyota's perspective, 515 00:30:03,800 --> 00:30:08,040 Speaker 4: we're going to be followers to that, not first movers. 516 00:30:08,320 --> 00:30:11,680 Speaker 4: So they're holding off. They're worried about their market share. 517 00:30:11,760 --> 00:30:14,720 Speaker 4: They're worried that if they raise their prices then other 518 00:30:14,760 --> 00:30:17,920 Speaker 4: people will switch brands, and so they're not going to 519 00:30:17,920 --> 00:30:21,240 Speaker 4: be the market leader in terms of raising these prices. 520 00:30:21,440 --> 00:30:24,960 Speaker 4: They will be followers if other companies raise their prices, 521 00:30:25,120 --> 00:30:27,560 Speaker 4: And if other companies are in the position that Toyota 522 00:30:27,680 --> 00:30:30,520 Speaker 4: is and they're worried about their market share, then they 523 00:30:30,760 --> 00:30:34,520 Speaker 4: will possibly be eating some more of these tariffs. The 524 00:30:34,600 --> 00:30:37,880 Speaker 4: average retail price for new vehicles in September was projected 525 00:30:37,880 --> 00:30:43,680 Speaker 4: to reach forty five thousand, seven hundred and ninety five dollars, 526 00:30:44,000 --> 00:30:46,760 Speaker 4: up thirteen hundred dollars from the same period last year. 527 00:30:47,120 --> 00:30:50,160 Speaker 4: In July and August, average year over year price increases 528 00:30:50,400 --> 00:30:52,960 Speaker 4: were nine hundred and thirty eight to nine hundred and 529 00:30:53,000 --> 00:30:54,680 Speaker 4: eighty five dollars, respectively. 530 00:30:55,080 --> 00:30:55,640 Speaker 3: And they just. 531 00:30:55,640 --> 00:31:00,440 Speaker 4: Dropped it there but filed away in my then told 532 00:31:00,520 --> 00:31:05,280 Speaker 4: filing cabinet. I remember back when they were talking about 533 00:31:05,640 --> 00:31:08,760 Speaker 4: all these different union contracts that were coming up. 534 00:31:09,000 --> 00:31:10,200 Speaker 3: I've mentioned this before. 535 00:31:10,240 --> 00:31:13,560 Speaker 4: We had the dock workers on the West coast, workers 536 00:31:13,600 --> 00:31:17,840 Speaker 4: on the East coast all got substantial pay increases ups, 537 00:31:18,120 --> 00:31:21,720 Speaker 4: their drivers got substantial pay increases. You have all of 538 00:31:21,760 --> 00:31:26,480 Speaker 4: these different The railroad workers got paying massive pay increases. 539 00:31:26,720 --> 00:31:30,640 Speaker 4: You had the UAW that got one of a major 540 00:31:31,440 --> 00:31:36,320 Speaker 4: contract signing with the Big three. Remember they all went 541 00:31:36,360 --> 00:31:38,960 Speaker 4: out Instead of going after each one of the individual 542 00:31:38,960 --> 00:31:43,280 Speaker 4: companies individually, they decided, we're going to strike all three 543 00:31:43,320 --> 00:31:49,360 Speaker 4: of the major automobile manufacturers and get one big, beautiful contract. 544 00:31:49,440 --> 00:31:52,440 Speaker 4: That's not what they called it, but anyway, they wanted 545 00:31:52,440 --> 00:31:55,320 Speaker 4: to get this one contract. And all the talk during 546 00:31:55,360 --> 00:31:57,960 Speaker 4: that period of time. Once the dust settled and they 547 00:31:57,960 --> 00:32:02,080 Speaker 4: got their contract, what did they say the average cost 548 00:32:02,240 --> 00:32:06,400 Speaker 4: of the automobile based on the wages that were going 549 00:32:06,440 --> 00:32:10,000 Speaker 4: to be paid to these workers, auto purchase prices will 550 00:32:10,040 --> 00:32:16,120 Speaker 4: go up. Guess what, nine hundred dollars. So trying to 551 00:32:16,440 --> 00:32:20,160 Speaker 4: pass this off on tariffs. No, as I've said before, 552 00:32:20,400 --> 00:32:22,480 Speaker 4: if you look at what has been going on, and 553 00:32:22,560 --> 00:32:29,080 Speaker 4: again I am not criticizing anybody that wants to make 554 00:32:29,120 --> 00:32:33,880 Speaker 4: a decent living. If you know when you've got certain well, shoot, 555 00:32:33,960 --> 00:32:34,840 Speaker 4: when you go back. 556 00:32:34,720 --> 00:32:37,040 Speaker 3: To the Biden. 557 00:32:36,080 --> 00:32:40,360 Speaker 4: Administration and when you had nine percent inflation in one 558 00:32:40,840 --> 00:32:44,720 Speaker 4: month and four and five percent inflation during the time 559 00:32:44,760 --> 00:32:48,320 Speaker 4: of his presidency, and people were still under the same 560 00:32:48,440 --> 00:32:53,280 Speaker 4: contract before he went into office. They're losing money every 561 00:32:53,320 --> 00:32:56,640 Speaker 4: year as a result of the price increases. So they're 562 00:32:56,680 --> 00:32:59,080 Speaker 4: trying to get their wages back up to meet what 563 00:32:59,120 --> 00:33:01,960 Speaker 4: they've lost over the last couple of years. Again, I 564 00:33:02,000 --> 00:33:05,320 Speaker 4: don't fault somebody for doing that, but be honest about it. 565 00:33:05,520 --> 00:33:09,160 Speaker 4: Don't blame it on tariffs, don't blame it on other factors, 566 00:33:09,280 --> 00:33:12,560 Speaker 4: say what it actually comes from. We had the situation 567 00:33:12,720 --> 00:33:15,640 Speaker 4: where we were looking at the inflation data, the fact 568 00:33:15,680 --> 00:33:18,440 Speaker 4: that inflation numbers were coming up from the service sector, 569 00:33:18,720 --> 00:33:23,160 Speaker 4: and the service sector is predicated on what wages, individual 570 00:33:23,400 --> 00:33:27,560 Speaker 4: fees and stuff charged to the customers. It's not having 571 00:33:27,600 --> 00:33:30,640 Speaker 4: anything to do with the tariffs. And what we were 572 00:33:30,680 --> 00:33:33,600 Speaker 4: finding when we dug into the numbers there is that 573 00:33:33,680 --> 00:33:36,720 Speaker 4: because the stock market has been doing so well, people 574 00:33:36,720 --> 00:33:38,720 Speaker 4: have said, you know what, it's time for me to 575 00:33:38,800 --> 00:33:40,920 Speaker 4: jump in. I'm kind of missing the boat here, so 576 00:33:40,960 --> 00:33:44,400 Speaker 4: I'm going to jump into the stock market. And the 577 00:33:44,440 --> 00:33:47,000 Speaker 4: fees went up as a result of the number and 578 00:33:47,040 --> 00:33:49,760 Speaker 4: the volume of people going in to buy stocks, and 579 00:33:49,840 --> 00:33:52,800 Speaker 4: so those prices went up and that added to inflation 580 00:33:52,880 --> 00:33:55,800 Speaker 4: in that particular month. But everybody focused on the inflation 581 00:33:55,960 --> 00:33:59,840 Speaker 4: increase as opposed to what the component of that was 582 00:34:00,200 --> 00:34:03,200 Speaker 4: and the fact that service fees were going up because 583 00:34:03,240 --> 00:34:05,920 Speaker 4: people were jumping into the market and the market was 584 00:34:05,920 --> 00:34:09,400 Speaker 4: doing well, they were then making money off of those investments. 585 00:34:09,600 --> 00:34:11,919 Speaker 4: That's a good thing, but it did cause a little 586 00:34:11,960 --> 00:34:15,400 Speaker 4: problem as far as inflation that month. So again you 587 00:34:15,480 --> 00:34:17,640 Speaker 4: got to put all these things in perspective and the 588 00:34:17,719 --> 00:34:20,160 Speaker 4: fact that they just left this hanging of price increases 589 00:34:20,160 --> 00:34:22,719 Speaker 4: were nine hundred and thirty eight dollars. Go back to 590 00:34:22,760 --> 00:34:24,920 Speaker 4: the UAW contract and look at the things that were 591 00:34:24,960 --> 00:34:28,000 Speaker 4: said then. They predicted then that this would add average 592 00:34:28,440 --> 00:34:30,680 Speaker 4: value to the vehicle or cost to a vehicle of 593 00:34:30,719 --> 00:34:33,880 Speaker 4: around nine hundred dollars. I'm Kevin Gordon. America's trucking Network 594 00:34:34,080 --> 00:34:36,880 Speaker 4: seven hundred WLW. 595 00:34:36,200 --> 00:34:39,719 Speaker 1: Running B by Mike CASHTREC Jeep in Fairfacts now recognized 596 00:34:39,760 --> 00:34:42,279 Speaker 1: as the largest volume jeep dealer in Greater Cincinnati. In 597 00:34:42,360 --> 00:34:45,520 Speaker 1: northern Kentucky, Mike Cash TRECJB is the number one jeep 598 00:34:45,520 --> 00:34:49,160 Speaker 1: dealer in the tri State. That's Mike CASHTRECJB in Fairfax. 599 00:34:52,600 --> 00:34:56,280 Speaker 4: This as americastruck a Network seven hundred WLW. 600 00:34:56,320 --> 00:34:57,400 Speaker 3: I'm and Kevin Gordon. 601 00:34:57,840 --> 00:35:00,560 Speaker 4: One of the stories that popped up over the last 602 00:35:00,560 --> 00:35:03,120 Speaker 4: couple of days is, you know, with the government shutdown, 603 00:35:03,160 --> 00:35:06,000 Speaker 4: we are now in day eight of the government shutdown, 604 00:35:06,400 --> 00:35:09,400 Speaker 4: and just as a frame of reference, if you will, 605 00:35:10,040 --> 00:35:13,560 Speaker 4: we go back to the length of these different shutdowns 606 00:35:13,600 --> 00:35:16,080 Speaker 4: over the years, and it was interesting to look at 607 00:35:16,080 --> 00:35:19,200 Speaker 4: some of the data on that, the fact that back 608 00:35:19,320 --> 00:35:23,000 Speaker 4: during the Reagan administration, he was in office for eight years, 609 00:35:23,320 --> 00:35:26,320 Speaker 4: there was a government shutdown every year. 610 00:35:26,080 --> 00:35:29,040 Speaker 3: That he was in office. During George H. W. 611 00:35:29,280 --> 00:35:31,800 Speaker 4: Bush, during that period of time he was in office 612 00:35:31,840 --> 00:35:35,600 Speaker 4: for four years, there was one government shutdown. Bill Clinton's 613 00:35:35,640 --> 00:35:39,160 Speaker 4: time in office, there were two government shutdowns over his 614 00:35:39,280 --> 00:35:43,719 Speaker 4: eight year period of time. Barack Obama one government shutdown 615 00:35:43,800 --> 00:35:47,360 Speaker 4: during his eight year term, and in the first first 616 00:35:47,480 --> 00:35:51,799 Speaker 4: term of Donald Trump's presidency back in twenty sixteen through 617 00:35:51,840 --> 00:35:56,080 Speaker 4: twenty twenty, there were two government shutdowns. And it's interesting 618 00:35:56,440 --> 00:36:02,719 Speaker 4: that these shutdowns happened when there is in They just 619 00:36:02,840 --> 00:36:06,000 Speaker 4: can't get together in terms of, you know, trying to 620 00:36:06,160 --> 00:36:10,359 Speaker 4: allow anybody to get a win. And it appears that 621 00:36:10,440 --> 00:36:15,360 Speaker 4: when the Democrats want to go on well like now, 622 00:36:15,480 --> 00:36:18,520 Speaker 4: I mean, the demands that they have as far as 623 00:36:18,520 --> 00:36:22,359 Speaker 4: this budget is concerned, is just absolutely outrageous. The fact 624 00:36:22,400 --> 00:36:25,000 Speaker 4: that they want to provide and they want to have 625 00:36:25,160 --> 00:36:28,480 Speaker 4: and they keep saying health care for Americans, No, the 626 00:36:28,520 --> 00:36:32,000 Speaker 4: health care for Americans is taken care of. What they 627 00:36:32,040 --> 00:36:34,920 Speaker 4: want to do is add more in there for some 628 00:36:35,000 --> 00:36:39,239 Speaker 4: of these people that are not legal citizens. And by 629 00:36:39,280 --> 00:36:42,919 Speaker 4: putting this burden on the American people, this is going 630 00:36:42,960 --> 00:36:46,319 Speaker 4: to cause a problem. And rather than address that through 631 00:36:46,400 --> 00:36:49,279 Speaker 4: other measures, they're trying to cram this in as part 632 00:36:49,320 --> 00:36:52,120 Speaker 4: of the health Let's just get into some of the 633 00:36:52,200 --> 00:36:56,680 Speaker 4: numbers here. But again, it's interesting that during Bill Clinton's time, 634 00:36:56,760 --> 00:37:00,080 Speaker 4: and this was during a period of time that the 635 00:37:00,120 --> 00:37:03,440 Speaker 4: shutdown was twenty one days during the Clinton years, that 636 00:37:03,719 --> 00:37:07,440 Speaker 4: this was where the Clinton mentioned that the era of 637 00:37:07,560 --> 00:37:10,680 Speaker 4: big government is over. That was during that period of 638 00:37:10,719 --> 00:37:14,360 Speaker 4: time where they actually balance the budget as a result 639 00:37:14,440 --> 00:37:17,560 Speaker 4: of the Republicans at the time kind of reining in 640 00:37:17,640 --> 00:37:20,400 Speaker 4: some of his liberal policies that would have added to 641 00:37:20,440 --> 00:37:23,200 Speaker 4: the debt. So these are the kinds of things that 642 00:37:23,320 --> 00:37:25,759 Speaker 4: need to be worked out, But you don't pile a 643 00:37:25,840 --> 00:37:28,880 Speaker 4: million one point five trillion. 644 00:37:28,800 --> 00:37:31,720 Speaker 3: More dollars on our debt for all. 645 00:37:31,600 --> 00:37:36,640 Speaker 4: These wishful thinking and stuff from the Democrats that they 646 00:37:36,680 --> 00:37:40,160 Speaker 4: want to push into these bills. We need to get 647 00:37:40,200 --> 00:37:42,480 Speaker 4: our house in order, and some of these cuts need 648 00:37:42,520 --> 00:37:45,839 Speaker 4: to take place. But again, with these cuts and with 649 00:37:45,960 --> 00:37:47,239 Speaker 4: these government shutdowns. 650 00:37:47,520 --> 00:37:48,920 Speaker 3: This is affecting the. 651 00:37:50,840 --> 00:37:54,040 Speaker 4: Trucking industry or the Department of Transportation, and some of 652 00:37:54,080 --> 00:37:57,279 Speaker 4: the stuff that's going on there kind of run through 653 00:37:57,320 --> 00:37:57,759 Speaker 4: some of this. 654 00:37:58,760 --> 00:38:01,480 Speaker 3: We're into that day. We're into the days of the 655 00:38:01,760 --> 00:38:02,239 Speaker 3: eighth day. 656 00:38:02,239 --> 00:38:05,200 Speaker 4: As I mentioned of the federal shutdown, Federal Motor Carrier 657 00:38:05,280 --> 00:38:10,520 Speaker 4: Safety Administration, with jurisdiction over trucking Transportation quote, has sufficient 658 00:38:10,640 --> 00:38:14,719 Speaker 4: balances of liquidating cash to operate during the short term 659 00:38:14,800 --> 00:38:18,600 Speaker 4: lapse of annual operations, according to the guidance document the 660 00:38:18,600 --> 00:38:24,160 Speaker 4: Department published on September thirtieth. Federal Highway Administration, which manages 661 00:38:24,239 --> 00:38:28,400 Speaker 4: freight and commuter corridors, also has sufficient liquidating funds to 662 00:38:28,480 --> 00:38:33,440 Speaker 4: continue as normal during this lapse. Both agencies. I mentioned 663 00:38:33,480 --> 00:38:37,319 Speaker 4: this the other day. Both agencies are primarily backed by 664 00:38:37,360 --> 00:38:41,880 Speaker 4: the Highway Trust Fund Accounts, which operates through the revenue 665 00:38:41,920 --> 00:38:46,680 Speaker 4: generated via the twenty four point four cent per gallon 666 00:38:46,800 --> 00:38:51,720 Speaker 4: diesel tax and eighteen point four cent per gallon gasoline tax. 667 00:38:52,280 --> 00:38:55,520 Speaker 4: None of the workforce at these agencies of one thousand 668 00:38:55,640 --> 00:39:00,640 Speaker 4: eighty four staffers at FMCSA and twenty six two hundred 669 00:39:00,880 --> 00:39:07,480 Speaker 4: at Federal Highway Administration will be furloughed I question, why 670 00:39:07,560 --> 00:39:12,200 Speaker 4: are these other government agencies funded out of federal income taxes? 671 00:39:12,680 --> 00:39:16,400 Speaker 4: And these people when we were told that these gasoline 672 00:39:16,440 --> 00:39:20,719 Speaker 4: taxes would go into effect years ago, that this gasoline 673 00:39:20,719 --> 00:39:23,120 Speaker 4: tax was going to be collected so that we could 674 00:39:23,160 --> 00:39:27,960 Speaker 4: maintain and rebuild and build new roads for the highway 675 00:39:28,320 --> 00:39:29,120 Speaker 4: people that use it. 676 00:39:29,160 --> 00:39:31,120 Speaker 3: In other words, it's a user fee. 677 00:39:31,440 --> 00:39:34,160 Speaker 4: You're not going if you're not using gasoline, you're not 678 00:39:34,239 --> 00:39:38,960 Speaker 4: going to be paying that gasoline tax, which means that 679 00:39:39,160 --> 00:39:41,480 Speaker 4: if you're not using the highways, you're not going to 680 00:39:41,520 --> 00:39:42,360 Speaker 4: be buying gas. 681 00:39:42,719 --> 00:39:44,760 Speaker 3: So it is a user fee. 682 00:39:45,320 --> 00:39:48,080 Speaker 4: Why are those user fees that are supposed to be 683 00:39:48,239 --> 00:39:51,360 Speaker 4: replacing the roads keeping them from being deteriorated? And I 684 00:39:51,440 --> 00:39:53,799 Speaker 4: know you've been out there and driving these roads. I 685 00:39:53,920 --> 00:39:57,040 Speaker 4: know you're out on the freeway. I know that just 686 00:39:57,120 --> 00:40:00,480 Speaker 4: the area where I live, how crappy area roads are, 687 00:40:00,760 --> 00:40:04,640 Speaker 4: how bumpy they are, how how many potholes there are, 688 00:40:04,840 --> 00:40:07,920 Speaker 4: how many times this you know you have to It's 689 00:40:07,920 --> 00:40:10,120 Speaker 4: almost like you've got to sneak your way through a 690 00:40:10,160 --> 00:40:14,399 Speaker 4: particular set of streets in order to avoid potholes. Our 691 00:40:14,520 --> 00:40:17,960 Speaker 4: roads are deteriorating, and yet we don't have the funding 692 00:40:18,040 --> 00:40:21,040 Speaker 4: mechanism in there to prevent and and look at the 693 00:40:21,280 --> 00:40:23,560 Speaker 4: look at the wear and tear on your trucks. You know, 694 00:40:23,640 --> 00:40:27,000 Speaker 4: you're hitting these roads. I mean you're you're hitting these potholes, 695 00:40:27,160 --> 00:40:30,600 Speaker 4: You're hitting some of the crappy roads that are out there. 696 00:40:30,840 --> 00:40:33,840 Speaker 4: Yet we have the mechanism that was supposed to fund that, 697 00:40:34,200 --> 00:40:36,640 Speaker 4: but out of that, we're funding other things that are 698 00:40:36,640 --> 00:40:41,040 Speaker 4: not highway related. And it's just irritating me that that 699 00:40:41,040 --> 00:40:45,439 Speaker 4: that keeps going on. Other agencies within an Apartment of Transportation, Uh, 700 00:40:45,480 --> 00:40:47,360 Speaker 4: they will be furlowing people. 701 00:40:47,800 --> 00:40:49,440 Speaker 3: One of the areas that they talked about. 702 00:40:49,600 --> 00:40:53,759 Speaker 4: Department of Transportation emphasizes the essential personnel, such as, now, 703 00:40:53,840 --> 00:40:57,960 Speaker 4: these are essential personnel, right when you have government shutdowns, 704 00:40:58,000 --> 00:41:01,080 Speaker 4: it's not it's the non essential peace people that are 705 00:41:01,120 --> 00:41:05,680 Speaker 4: generally furloughed, and they are furloughed without pay until the 706 00:41:05,719 --> 00:41:08,560 Speaker 4: government shutdown is over. Then they come back and they 707 00:41:08,560 --> 00:41:12,000 Speaker 4: get their back pay because that contractor that money would 708 00:41:12,040 --> 00:41:14,640 Speaker 4: be appropriated from the beginning of the fiscal year up 709 00:41:14,680 --> 00:41:17,640 Speaker 4: to this point, so they get that money back. Essential 710 00:41:17,680 --> 00:41:22,440 Speaker 4: workers generally get paid. Department emphasized that essential personnels such 711 00:41:22,480 --> 00:41:26,000 Speaker 4: as air Traffic Control Service will continue to report to 712 00:41:26,080 --> 00:41:29,200 Speaker 4: work during the shutdown, as well as partners from other 713 00:41:29,280 --> 00:41:34,400 Speaker 4: agencies such as Transportation, Security Administration. However, these people are 714 00:41:34,440 --> 00:41:37,799 Speaker 4: gonna be going to work without pay. Now we have 715 00:41:37,960 --> 00:41:42,560 Speaker 4: Congress who are in my opinion, are they essential workers 716 00:41:42,800 --> 00:41:46,280 Speaker 4: or non essential workers? But sure as hell they're gonna 717 00:41:46,280 --> 00:41:49,319 Speaker 4: get paid while the government is shut down. Whether they're 718 00:41:49,320 --> 00:41:52,279 Speaker 4: in session or not, they're gonna get paid. This is 719 00:41:52,320 --> 00:41:55,480 Speaker 4: one of those things about the Congress that really irritates me. 720 00:41:55,719 --> 00:41:58,120 Speaker 4: They always set these rules for you and me, but 721 00:41:58,200 --> 00:42:01,080 Speaker 4: they don't abide by the same rules. If they're none 722 00:42:01,239 --> 00:42:05,200 Speaker 4: are they essential, then they should be there negotiating and 723 00:42:05,280 --> 00:42:08,640 Speaker 4: getting this budget done. You've got the entire year to 724 00:42:08,640 --> 00:42:11,440 Speaker 4: get the budget done, and you wait till the last minute. 725 00:42:11,560 --> 00:42:14,000 Speaker 4: I would say, if that's the case, they're non essential 726 00:42:14,239 --> 00:42:16,920 Speaker 4: and they shouldn't get paid. If they're not getting paid, 727 00:42:17,200 --> 00:42:20,320 Speaker 4: I damn sure know that they're going to come. 728 00:42:20,160 --> 00:42:22,280 Speaker 3: To a resolution in a big hurry. 729 00:42:22,880 --> 00:42:26,360 Speaker 4: Also, we talk about the Affordable Care Act Obamacare and 730 00:42:26,360 --> 00:42:28,759 Speaker 4: all this sort of stuff. Guess who's exempted from that. 731 00:42:29,120 --> 00:42:33,720 Speaker 4: They've got their own insurance that they have, but that's 732 00:42:33,760 --> 00:42:37,480 Speaker 4: not okay. That's okay for them, but we have to 733 00:42:37,520 --> 00:42:41,879 Speaker 4: go under the Obamacare, which is less and not as 734 00:42:41,920 --> 00:42:45,040 Speaker 4: good as quality care and as good of insurance policy 735 00:42:45,440 --> 00:42:48,480 Speaker 4: as the Congress has. So they're not subject to the 736 00:42:48,560 --> 00:42:52,560 Speaker 4: laws that they force on us, the mandates and so on. 737 00:42:52,840 --> 00:42:55,840 Speaker 4: They're all taken care of, so they don't have to 738 00:42:55,840 --> 00:42:58,080 Speaker 4: go to work. They can shut the government down, still 739 00:42:58,080 --> 00:43:01,080 Speaker 4: get paid, They can still get their health healthcare because 740 00:43:01,239 --> 00:43:05,280 Speaker 4: they're outside the system, they don't have to rely on Obamacare. 741 00:43:05,400 --> 00:43:09,080 Speaker 3: They have their own standalone system. And yet we peons out. 742 00:43:08,920 --> 00:43:12,680 Speaker 4: Here have to deal with the problems and the inefficiencies 743 00:43:12,719 --> 00:43:15,960 Speaker 4: of this government. Again, the breakdown has to do with 744 00:43:16,480 --> 00:43:21,280 Speaker 4: health care and accounts for immigration stat based on immigration status. 745 00:43:21,440 --> 00:43:23,600 Speaker 4: That seems to be the biggest sticking point as far 746 00:43:23,680 --> 00:43:26,879 Speaker 4: as the negotiations are concerned. And yet on and on 747 00:43:27,000 --> 00:43:31,000 Speaker 4: and on. National Retail Federation said, we urge Congress to 748 00:43:31,320 --> 00:43:35,400 Speaker 4: swiftly to reopen the federal government. With a holiday season 749 00:43:35,600 --> 00:43:40,120 Speaker 4: fast approaching, the economic uncertainty caused by a government shutdown, 750 00:43:40,200 --> 00:43:44,480 Speaker 4: there's your government under your economic uncertainty right there, my friends. 751 00:43:44,760 --> 00:43:45,640 Speaker 3: With the government. 752 00:43:45,360 --> 00:43:49,799 Speaker 4: Shutdown is both unnecessary and damaging, further eroding consumer confidence 753 00:43:49,920 --> 00:43:54,960 Speaker 4: at a critical time. While retailers face many external challenges, 754 00:43:55,040 --> 00:43:57,080 Speaker 4: beyond the control of policymakers. 755 00:43:57,600 --> 00:43:59,200 Speaker 3: This is not one of them. 756 00:43:59,280 --> 00:44:02,760 Speaker 4: A shutdown is avoidable, and his impact is entirely within 757 00:44:02,800 --> 00:44:06,840 Speaker 4: the power of Congress to resolve that. From the National 758 00:44:06,920 --> 00:44:09,920 Speaker 4: Retail Federation, well, folks, we're up against clock. Time for 759 00:44:09,960 --> 00:44:12,480 Speaker 4: a scoot out the door. Stay tuned for red Eye Radio. 760 00:44:12,520 --> 00:44:15,720 Speaker 4: At the top the hour, I'm Kevin Gordon, America's struck 761 00:44:15,760 --> 00:44:21,080 Speaker 4: In Network seven hundred WLW. 762 00:44:19,600 --> 00:44:26,560 Speaker 8: News Traffic and Weather. News Radio seven hundred WLW, Cincinnati. 763 00:44:27,680 --> 00:44:30,879 Speaker 7: One week until the government shutdown and not a move 764 00:44:31,040 --> 00:44:33,520 Speaker 7: was made, but the top of the hour reports I'm 765 00:44:33,560 --> 00:44:35,000 Speaker 7: Lee Mallin breaking now.