WEBVTT - 10-8-25 America's Truckin' Network 0:00:00.040 --> 0:00:04.680 Ween Radio where we ghosted the commercials trick or Street 0:00:04.800 --> 0:00:06.400 Radio just for the kids. 0:00:07.360 --> 0:00:11.959 Plus explore curated Halloween playlists perfect for party fives and more. 0:00:12.400 --> 0:00:16.160 Just open the free iHeartRadio apps Halloween then listen. 0:00:16.320 --> 0:00:33.200 Now this is America's Trucking Network with Kevin Gordon. 0:00:35.240 --> 0:00:38.640 Welcome Moore, Thanks for tuning in on this Wednesday morning 0:00:39.240 --> 0:00:43.400 atn the show that is the exception to the rule 0:00:43.440 --> 0:00:45.919 that nothing good happens after midnight. 0:00:46.159 --> 0:00:47.680 A little bit of a weather note. 0:00:48.040 --> 0:00:50.720 We are still in the hurricane season and there is 0:00:50.920 --> 0:00:54.720 a named tropical storm, the tenth of the season, named Jerry, 0:00:55.400 --> 0:00:59.120 and it's out over the tropical central Atlantic. Now, this 0:00:59.600 --> 0:01:02.720 storm looks like it's going to follow the pattern of 0:01:02.880 --> 0:01:05.319 just about every well, the other nine storms that have 0:01:05.400 --> 0:01:09.720 come up during this hurricane season. It starts approaching the 0:01:10.240 --> 0:01:15.600 United States somewhere close to or towards the you know, 0:01:15.840 --> 0:01:20.120 Haiti and Dominican Republic, Puerto Rico that and then all 0:01:20.120 --> 0:01:21.880 of a sudden it kind of hits the tip of 0:01:21.920 --> 0:01:27.479 that and then veers north and then starts going back eastward. 0:01:27.600 --> 0:01:32.240 So they're not anticipating this hitting landfall, but we do 0:01:32.319 --> 0:01:34.400 have those outer surges like we've had with some of 0:01:34.440 --> 0:01:37.319 the other storms, and what was it last week lost 0:01:37.360 --> 0:01:41.240 twelve houses along the Cape the outer banks there in 0:01:41.240 --> 0:01:44.880 North Carolina, something like twelve houses. But as far as 0:01:44.920 --> 0:01:47.600 direct hits on the United States, it doesn't appear that way, 0:01:47.680 --> 0:01:53.560 so that's good news. Yesterday I was watching this press 0:01:53.560 --> 0:01:56.800 at the press conference because Mark Carney, who is the 0:01:56.840 --> 0:02:00.960 Prime Minister of Canada, was meeting with Donald Trump talking 0:02:01.000 --> 0:02:05.960 about trade negotiations and this impasse between Canada and the 0:02:06.040 --> 0:02:09.519 United States and as far as tariffs and what needs 0:02:09.600 --> 0:02:14.440 to be done. And it was interesting because at first, 0:02:14.480 --> 0:02:17.840 you know, Donald Trump would tease about Canada becoming the 0:02:17.880 --> 0:02:21.840 fifty first state and he kind of well, tongue in 0:02:21.960 --> 0:02:25.920 cheek wise because and he pointed out and this kind 0:02:25.960 --> 0:02:28.880 of brought this home when I started thinking about it. 0:02:30.080 --> 0:02:33.440 Here in the Greater Cincinnati Northern Kentucky region, we have 0:02:33.880 --> 0:02:36.600 Cincinnati on one side of the Ohio River and then 0:02:36.720 --> 0:02:39.280 Kentucky on the other side of the river. And we 0:02:39.440 --> 0:02:43.600 have two cities in northern Kentucky, Covington and Newport, and 0:02:43.680 --> 0:02:46.880 a couple of other cities. But the main focus is, 0:02:46.919 --> 0:02:50.640 you know, businesses along the river. And there was a 0:02:50.720 --> 0:02:54.040 time back in the beginning of the about twenty ten, 0:02:54.200 --> 0:02:58.680 somewhere around there, there was this move where Cincinnati would 0:02:58.720 --> 0:03:03.000 come over and pote businesses from northern Kentucky, I mean 0:03:03.080 --> 0:03:06.560 right across the river an office tower just right at 0:03:06.560 --> 0:03:09.560 the end of the bridge, and then Kentucky would go 0:03:09.639 --> 0:03:12.960 over to Ohio and start poaching businesses over there to 0:03:13.080 --> 0:03:19.240 move them to northern Kentucky. Now it benefits Ohio, it 0:03:19.360 --> 0:03:24.720 benefits Cincinnati to take businesses from Kentucky Covington, Newport, etc. 0:03:25.520 --> 0:03:29.160 And it also benefits Kentucky to take businesses from there. 0:03:29.280 --> 0:03:32.880 But as far as the region is concerned, there's really 0:03:33.240 --> 0:03:37.480 no change and it really doesn't benefit anybody. The purpose 0:03:37.560 --> 0:03:42.520 would be then to maybe acquire or entice businesses to 0:03:42.560 --> 0:03:49.840 come from other states Florida, Illinois, Indiana, somewhere else, even Tennessee. 0:03:51.160 --> 0:03:54.960 And so that would then build the region as opposed 0:03:55.000 --> 0:03:58.800 to just a particular city benefiting or a particular state. 0:04:00.040 --> 0:04:02.360 And as they were discussing this now back in May, 0:04:02.400 --> 0:04:05.480 you know, Donald Trump was teasing about kind of becoming 0:04:05.520 --> 0:04:07.960 the fifty first state because of you know, just do 0:04:08.080 --> 0:04:10.600 away with the tariffs and we'll just make them a state. 0:04:10.960 --> 0:04:14.560 And of course Mark Carney being the Prime minister newly 0:04:14.600 --> 0:04:17.919 elected was I think you could tell he was a 0:04:17.920 --> 0:04:20.680 little bit irritated by that and told him, you know, 0:04:22.240 --> 0:04:24.960 frankly that you know, as a real estate development you 0:04:25.040 --> 0:04:28.159 know that certain certain territory, a certain land is not 0:04:28.320 --> 0:04:31.000 for sale. And he was being very bold with that. 0:04:31.480 --> 0:04:35.080 But since then they have talked to each other. They 0:04:35.120 --> 0:04:39.839 have a very warm relationship, and this press conference yesterday 0:04:40.320 --> 0:04:44.080 was very friendly. Donald Trump was complimenting him on some 0:04:44.120 --> 0:04:46.080 of the stuff that they're doing, especially on the war 0:04:46.160 --> 0:04:49.520 on Terror and trying to reach an agreement with Gaza 0:04:50.520 --> 0:04:53.880 over in Gaza to end that hostage situation over there. 0:04:54.600 --> 0:04:58.400 Carney was very complimentary of Trump and all the stuff 0:04:58.440 --> 0:05:01.599 that he has been doing on the world stage, et cetera. 0:05:01.720 --> 0:05:06.360 I mean, it was this, It was this just it 0:05:06.440 --> 0:05:09.400 was you think these two guys were best of friends 0:05:09.400 --> 0:05:12.000 for a number of years as opposed to this hostility. 0:05:12.360 --> 0:05:17.400 But during the discussion, Trump pointed out that in the past, 0:05:18.080 --> 0:05:22.880 Canada wanted companies to move to the Canada Detroit all 0:05:22.920 --> 0:05:27.360 the auto manufacturers. Auto manufacturers were looking for cheaper labor. 0:05:27.400 --> 0:05:31.279 The cheaper labor was up in Canada, cheaper land, being 0:05:31.320 --> 0:05:35.479 able to build factories up there maybe not necessarily the 0:05:35.600 --> 0:05:39.320 same wages and so on. In the United States. Mexico 0:05:39.520 --> 0:05:41.680 was part of that. We saw a big movement, a 0:05:41.680 --> 0:05:45.680 lot of businesses moving to Mexico, and that left this 0:05:45.839 --> 0:05:49.280 trade imbalance of where we were exporting jobs and we 0:05:49.279 --> 0:05:53.040 were losing manufacturing jobs at a rapid rate. And as 0:05:53.040 --> 0:05:56.320 they were pointing out, yes, Canada wants to produce cars 0:05:56.320 --> 0:05:58.320 and they want to sell them into the United States. 0:05:58.720 --> 0:06:01.599 We want to produce cars and sell them into Canada 0:06:01.680 --> 0:06:04.520 and so on, and he talked about that these are 0:06:04.839 --> 0:06:10.000 kind of touchy situations where, you know, we both. 0:06:09.760 --> 0:06:10.800 Have the same interest. 0:06:11.560 --> 0:06:15.640 It's good for one country or the other, but as 0:06:15.680 --> 0:06:19.159 far as the northern hemisphere, so to speak, it really 0:06:19.200 --> 0:06:22.080 doesn't benefit. So what they're trying to do is work 0:06:22.120 --> 0:06:24.640 out some of these arrangements. Now they talk later on 0:06:24.839 --> 0:06:27.400 in the afternoon. I don't know what else is coming 0:06:27.400 --> 0:06:31.600 out of that, but watching that press conference versus the 0:06:31.600 --> 0:06:36.160 press conference earlier in May, it was absolutely incredible the 0:06:36.520 --> 0:06:41.599 change in tone. Again they're talking about, you know, again 0:06:41.760 --> 0:06:45.480 talking about the Canadians. One of the questions came up 0:06:45.520 --> 0:06:50.560 Canadian citizens boycotting the United States, something like tourism is 0:06:50.600 --> 0:06:55.080 down twenty three percent, because I guess they took seriously 0:06:55.200 --> 0:06:58.400 or took offense to what Trump was saying. But then again, 0:06:58.839 --> 0:07:02.520 you know, Canada has not always been the greatest trading 0:07:02.560 --> 0:07:06.240 partner with US, and our citizens going over there for 0:07:06.360 --> 0:07:09.760 tourism has not always been all that friendly as well. 0:07:10.040 --> 0:07:12.840 There are certain areas over there it's like going to France, 0:07:12.880 --> 0:07:15.520 because over in France, they just they just have it. 0:07:15.600 --> 0:07:18.560 I don't give a crap attitude about anybody that visits there. 0:07:18.960 --> 0:07:21.640 So they have those things to work out. 0:07:21.680 --> 0:07:24.800 But I think the Canadians, and hell, it may have 0:07:24.840 --> 0:07:29.040 been as simple as the economy up in Canada is 0:07:29.280 --> 0:07:32.560 basically the same as ours to a certain extent, and 0:07:32.640 --> 0:07:36.760 so maybe their economy being on a downturn people can't afford. 0:07:36.920 --> 0:07:38.600 But of course they want to play it up as 0:07:38.640 --> 0:07:41.520 though all these people are protesting against the United States, 0:07:41.520 --> 0:07:44.200 that they dislike the United States, and Mark Carney point 0:07:44.200 --> 0:07:47.120 and I said, people of Canada love the United States, 0:07:47.240 --> 0:07:49.240 And Trump said, the people of the United States love 0:07:49.320 --> 0:07:55.000 the Canadians. So it's it's it's a complicated situation. But again, 0:07:55.320 --> 0:07:59.800 you've got to reach some sort of a negotiation. Because 0:08:00.160 --> 0:08:04.560 we pointed out or April the second, a Liberation Day. 0:08:05.040 --> 0:08:08.520 On that particular day, Trump trotted out all those charts. 0:08:08.520 --> 0:08:12.120 It said, Okay, here's what tariffs these countries are charging us. 0:08:12.400 --> 0:08:16.240 Here's what we're charging them. We had situations where between 0:08:16.360 --> 0:08:19.679 US and Canada, you sell milk or eggs or something 0:08:19.800 --> 0:08:22.760 like that, there's a two hundred and ninety nine percent 0:08:22.960 --> 0:08:26.400 tariff on those goods going into Canada. There's no way 0:08:26.440 --> 0:08:29.480 in hell you're going to sell those goods over in Canada. 0:08:29.520 --> 0:08:32.120 And likewise, with some of the cars going over there, 0:08:32.320 --> 0:08:35.760 they charge a lot on the tariffs of our cars 0:08:35.800 --> 0:08:38.160 going over there, but we charge very little on the 0:08:38.200 --> 0:08:41.080 cars that are manufactured over there. Even though those are 0:08:41.120 --> 0:08:45.040 American companies that are manufacturing over there bringing them into 0:08:45.080 --> 0:08:47.720 the United States, we don't charge tariffs on that. 0:08:48.080 --> 0:08:50.400 So trying to equalize that balance out. 0:08:50.920 --> 0:08:54.120 And again, as I've been saying from the beginning back 0:08:54.160 --> 0:08:58.520 in April, that if these countries are worried about how 0:08:58.559 --> 0:09:01.840 these tariffs are going to affect them, if they're not 0:09:01.880 --> 0:09:04.080 going to be selling as much goods into the United 0:09:04.080 --> 0:09:07.960 States because we are raising our terraffs, well, welcome to 0:09:08.000 --> 0:09:11.400 the club gang. Because we're having problems selling stuff into 0:09:11.440 --> 0:09:15.600 your country and it's affecting our jobs. So if you're 0:09:15.600 --> 0:09:19.160 worried about your jobs going down because of tariffs that 0:09:19.200 --> 0:09:22.160 we're charging, lower your terraffs and we'll play on the 0:09:22.200 --> 0:09:25.800 same level playing field instead of this unfair trade if 0:09:25.840 --> 0:09:29.480 you charging high terraffs and US charging very little terriffs. 0:09:29.559 --> 0:09:30.960 It's a very simple situation. 0:09:31.520 --> 0:09:33.800 But there's certain trade agreements that have to be put 0:09:33.840 --> 0:09:37.120 in place, there's certain barriers that need to be lowered, 0:09:37.440 --> 0:09:38.920 and this is going to continue. 0:09:38.960 --> 0:09:40.360 So they're working this out. 0:09:40.360 --> 0:09:45.199 But the contrast between that particular conference and that press 0:09:45.240 --> 0:09:50.559 conference there in May Versus yesterday was just absolutely incredible 0:09:50.800 --> 0:09:54.120 and it was interesting just how well they got along. 0:09:54.440 --> 0:09:56.480 Coming up, we're gonna be talking a little bit more. 0:09:57.280 --> 0:09:59.200 That's pretty much of that, but we're gonna be talking 0:09:59.200 --> 0:10:03.280 about despite some of the economic uncertainty, there are certain 0:10:03.280 --> 0:10:05.400 things that are still going on and going on strong. 0:10:05.480 --> 0:10:10.360 I'm Kevin Gordon, America's struck in Network seven hundred WLW 0:10:11.520 --> 0:10:12.400 need This is. 0:10:12.360 --> 0:10:14.920 The racing reward on America's drugging Network. 0:10:15.080 --> 0:10:16.840 On seven hundred WLW. 0:10:17.679 --> 0:10:21.640 NHRA officials announced a six NHR mission foods Drag Racing 0:10:21.679 --> 0:10:25.240 series competitors currently in contention for the twenty twenty five 0:10:25.400 --> 0:10:29.040 NHRA Rookie of the Year Award. The competitors eligible for 0:10:29.080 --> 0:10:32.040 this year's award include funny car drivers Hunter Green and 0:10:32.120 --> 0:10:35.760 Spencer Hyde, Pro Stock Stephen Bell, Cody Coughlin, and also 0:10:35.800 --> 0:10:39.959 Matt Latino and pro Stock motorcycle rider Braden Davis. Pro 0:10:40.040 --> 0:10:43.600 Stock newcomer Chris Vang has competed in three races so 0:10:43.679 --> 0:10:46.560 far in twenty twenty five and will become the seventh 0:10:46.640 --> 0:10:50.240 driver eligible with his schedule appearances in Dallas and the 0:10:50.280 --> 0:10:53.559 fall race in Las Vegas. The winner will be announced 0:10:53.600 --> 0:10:57.280 November seventeenth as part of the NHRA Awards ceremony. 0:10:58.440 --> 0:11:01.800 Need this is the racing repoord on America's Trucking Network 0:11:01.960 --> 0:11:04.360 on seven hundred WLW. 0:11:04.400 --> 0:11:07.720 SEG Dennis at ATN Why would you ask a financial 0:11:07.720 --> 0:11:09.360 advisor permission. 0:11:08.840 --> 0:11:11.600 Diesel additives and air brake anti freeze. 0:11:11.679 --> 0:11:14.920 Starfire has you covered with a complete line of high 0:11:15.000 --> 0:11:18.080 quality fluids and OEM approvals to back them up, so 0:11:18.120 --> 0:11:19.960 you don't have to look all over the place to 0:11:20.040 --> 0:11:23.160 find the right products at pricing that makes sense. That's 0:11:23.200 --> 0:11:26.720 how Starfire is breaking the mold. Visit US at starfire 0:11:26.800 --> 0:11:30.080 dot com or give us a call. We answer the phone. Starfire. 0:11:30.200 --> 0:11:33.320 You're one stop for advertising called eight four four eight 0:11:33.360 --> 0:11:34.480 four four iHeart. 0:11:36.800 --> 0:11:41.200 I'm Kevin Gord in america'struck a Network seven hundred WLW. 0:11:41.520 --> 0:11:43.880 I mentioned that we keep hearing all this. 0:11:44.760 --> 0:11:48.439 You know, it's been since January when Trump came into office. 0:11:48.520 --> 0:11:51.280 And maybe it's a situation if people. 0:11:51.120 --> 0:11:54.160 Just aren't used to somebody who says they're going to 0:11:54.200 --> 0:11:57.240 do something and then gets into office and actually does it. 0:11:57.720 --> 0:12:00.880 I mean, you don't expect the person and coming into 0:12:00.960 --> 0:12:03.959 office to do what they say. On the campaign trail, 0:12:04.160 --> 0:12:06.439 why the hell are you voting for him? And yet 0:12:06.760 --> 0:12:11.000 during the campaign, Trump talked about the unfair trade balance, 0:12:11.200 --> 0:12:13.760 that there were going to be tariffs coming in if 0:12:13.760 --> 0:12:16.720 he was elected president. All during a campaign he talked 0:12:16.720 --> 0:12:19.920 about this balancing and getting back to fair trade instead 0:12:19.960 --> 0:12:21.000 of just free trade. 0:12:21.040 --> 0:12:21.960 He gets elected. 0:12:22.160 --> 0:12:26.400 Between the election and the inauguration, you know, November fifth 0:12:26.440 --> 0:12:30.200 and January the twentieth, talked about tariffs, putting those into place. 0:12:30.800 --> 0:12:36.040 January twentieth, gets inaugurated, talks about tariffs. Actually Lewi de terriffs, 0:12:36.280 --> 0:12:39.920 levied the terrifs On April to Second Liberation Day, and 0:12:40.040 --> 0:12:44.240 all of a sudden, everybody's so shocked that these were 0:12:44.320 --> 0:12:48.439 put into place, and economic uncertainty, and all we heard 0:12:48.679 --> 0:12:52.960 from January on this, you know, economic uncertainty. We don't 0:12:53.000 --> 0:12:54.920 know what these tariffs are going to do. Tariffs are 0:12:54.960 --> 0:12:57.840 going to lead to rampant inflation. Inflation is going to 0:12:57.840 --> 0:13:00.400 be up to you know, seven eight nine percent by 0:13:00.400 --> 0:13:00.719 the end. 0:13:00.679 --> 0:13:01.080 Of the year. 0:13:01.480 --> 0:13:05.000 All this doming cline Terry's gonna push us into a recession. 0:13:05.040 --> 0:13:07.240 They kept talking about the R word and so on, 0:13:07.440 --> 0:13:10.520 and yet here we are in October, none of this 0:13:10.559 --> 0:13:11.280 has happened. 0:13:11.679 --> 0:13:14.160 And yet every story that talks. 0:13:13.960 --> 0:13:19.200 About economic data talking about uncertainty, economic uncertainty, and it 0:13:19.240 --> 0:13:22.840 all boils down to I will beat this drum till 0:13:23.080 --> 0:13:27.720 the drum breaks and somebody pays attention at the Federal Reserve. 0:13:27.840 --> 0:13:32.400 Lie Jerry Powell finally pays attention. Interest rates are the 0:13:32.440 --> 0:13:35.480 thing that is holding us back. I keep making the 0:13:35.520 --> 0:13:38.680 analogy that there's that there's some of these movies that 0:13:38.720 --> 0:13:42.079 we're talking about the Oklahoma land rush, when that territory 0:13:42.240 --> 0:13:44.920 was open to settlers and you could go in and 0:13:45.400 --> 0:13:48.120 drive a stake in the ground and claim one hundred 0:13:48.160 --> 0:13:50.960 and sixty some acres or whatever, and on a date 0:13:51.040 --> 0:13:53.680 certain I don't remember the exact date, but everybody was 0:13:53.720 --> 0:13:55.400 lined up on the border and. 0:13:55.400 --> 0:13:56.320 Just getting ready to go. 0:13:56.520 --> 0:13:59.040 You saw the horses, you know, getting hold ready and 0:13:59.080 --> 0:14:01.960 holding the reins back, can hold that, and whatever time 0:14:02.000 --> 0:14:04.760 it was, they shot off the gun and everybody goes 0:14:04.840 --> 0:14:08.440 rushing into Oklahoma. This is what our economy is like 0:14:08.600 --> 0:14:11.760 right now. Are a lot of these companies are standing 0:14:11.760 --> 0:14:14.560 on the sidelines waiting for interest rates to come down 0:14:14.720 --> 0:14:17.839 so they can expand their businesses, buy new trucks, buy 0:14:17.920 --> 0:14:23.040 a new truck, expand the economy, expand their manufacturing facilities, 0:14:23.800 --> 0:14:26.160 buy new equipment and so on, so that they can 0:14:26.320 --> 0:14:28.760 have a little bit more prosperity. But when you're looking 0:14:28.800 --> 0:14:31.880 at what it costs to borrow this money in order 0:14:31.920 --> 0:14:35.880 to build these things or to acquire these assets, people 0:14:35.920 --> 0:14:38.640 are saying, you know, maybe we can hold off another month, 0:14:38.680 --> 0:14:41.400 Maybe we should hold off until the Federal reserve kicks in. 0:14:41.760 --> 0:14:44.600 And I've been pointing out the fact that the overnight 0:14:44.760 --> 0:14:48.320 rate is what the Fed controls. As far as the 0:14:48.520 --> 0:14:52.760 funds that are borrowed from individual banks. If certain banks 0:14:52.800 --> 0:14:55.520 need to have certain cash reserves or cash available to 0:14:55.600 --> 0:14:58.240 cash checks or to transfer money or whatever. They have 0:14:58.280 --> 0:15:01.280 to borrow that because they'll always keep that in their bank, 0:15:01.680 --> 0:15:04.240 so they would have to transfer that or borrow that 0:15:04.480 --> 0:15:06.840 from a member bank. And that's the overnight rate that 0:15:06.880 --> 0:15:09.400 they keep talking about, that four percent, four point twenty 0:15:09.440 --> 0:15:14.240 five percent, which the rate is now in every other England, France, 0:15:14.760 --> 0:15:18.880 European Union, Germany, all Canada, All these rates are around 0:15:19.040 --> 0:15:22.320 two percent, Some are as low as one point five percent. 0:15:22.440 --> 0:15:25.200 Japan I think is somewhere around two percent as well. 0:15:25.560 --> 0:15:29.480 Ours is four percent. So that carries over into your 0:15:29.480 --> 0:15:33.360 credit card interest that that then goes into any of 0:15:33.400 --> 0:15:35.880 the debt as far as on those credit cards. 0:15:36.040 --> 0:15:37.560 It also affects. 0:15:38.720 --> 0:15:43.240 Interest payments on car loans, truck loans, so on. That 0:15:43.320 --> 0:15:47.720 effects also eventually trickle down into the mortgage rate. With 0:15:47.880 --> 0:15:50.880 seven percent close to seven percent, six and a half percent. 0:15:51.320 --> 0:15:54.800 Back during the beginning of the Biden administration, interest rates 0:15:54.800 --> 0:15:58.160 are down below three percent. We are now double that amount. 0:15:58.320 --> 0:16:01.520 And we've talked a couple of times on this show 0:16:01.800 --> 0:16:04.840 about how that affects the type of house, how much 0:16:04.880 --> 0:16:07.440 house you can afford, and how much your mortgage payment 0:16:07.480 --> 0:16:09.760 is going to be the mere fact that people are 0:16:09.800 --> 0:16:12.960 standing on this sidelines lowering the interest rate. If you 0:16:13.000 --> 0:16:16.320 want to talk about economic uncertainty, we already have ten 0:16:16.400 --> 0:16:19.040 months of where these tariffs have been in effect and 0:16:19.080 --> 0:16:22.120 how they have affected prices, and we have had little 0:16:22.120 --> 0:16:25.640 to no indication in any of the And as we 0:16:25.680 --> 0:16:28.720 said at the beginning, certain prices are going to go up, 0:16:29.040 --> 0:16:31.520 but then certain prices are going to come down, So 0:16:31.720 --> 0:16:35.520 overall inflation is going to be relatively the same. We 0:16:35.560 --> 0:16:38.600 are still pretty much around two point eight percent two 0:16:38.640 --> 0:16:44.000 point seven percent inflation rate. And then so we haven't 0:16:44.000 --> 0:16:48.280 seen a negligible increase. Now if you're talking about particular items, 0:16:48.360 --> 0:16:51.120 yeah you're going to notice that, but overall, all the 0:16:51.160 --> 0:16:54.720 different items that are purchased the that effect is going 0:16:54.760 --> 0:16:58.680 to be zero. So again prefacing that here, we have 0:16:58.800 --> 0:17:03.120 yet another story. Despite economic uncertainty, US auto sales rise 0:17:03.200 --> 0:17:05.520 in the third quarter. I didn't think any of that 0:17:05.680 --> 0:17:09.160 was possible because people were not out spending money, people 0:17:09.240 --> 0:17:12.760 weren't doing things. US auto sales are projected to rise 0:17:12.760 --> 0:17:16.359 approximately six percent in the third quarter as consumers demand 0:17:16.640 --> 0:17:23.600 remains strong despite ongoing economic uncertainty. If you've got economic uncertainty, 0:17:23.640 --> 0:17:25.679 You're not going to go out and buy a major 0:17:25.760 --> 0:17:28.600 asset like that because you're going to be stuck with 0:17:28.720 --> 0:17:31.199 that and stuck with that payment. And why would you 0:17:31.280 --> 0:17:34.840 go into debt under economic uncertainty? If you're not sure 0:17:34.880 --> 0:17:37.840 about your job or certain about the economy and whether 0:17:37.920 --> 0:17:39.800 things are going to go to hell in a handbasket, 0:17:40.040 --> 0:17:42.560 You're not going to go out and make that major investment. 0:17:42.920 --> 0:17:45.119 So why is it a shock to these people? 0:17:45.359 --> 0:17:48.399 And again when you tell, I mean all these economists 0:17:48.400 --> 0:17:50.000 and all they do is talk about. 0:17:49.920 --> 0:17:50.960 This, that, and the other. Thing. 0:17:51.040 --> 0:17:55.040 I want to remind you saying, and I love this 0:17:55.560 --> 0:17:58.760 economists is an expert who will tell you who will 0:17:58.760 --> 0:18:04.000 know tomorrow why the things he predicted yesterday didn't happen today. 0:18:04.240 --> 0:18:07.560 That is so clear because they talk about. 0:18:07.320 --> 0:18:09.439 All these things that are going to happen, then they 0:18:09.480 --> 0:18:12.800 don't happen, and then when they don't happen, then they 0:18:12.840 --> 0:18:14.960 go back and try to explain that, well, you know 0:18:15.200 --> 0:18:17.600 this was off or this was off. Why don't you, 0:18:17.600 --> 0:18:20.239 you know, kind of sharpen your pencil or whatever and 0:18:20.320 --> 0:18:24.120 come up with better conclusions and maybe pick up an 0:18:24.119 --> 0:18:28.040 economics history book and see how certain things have happened 0:18:28.040 --> 0:18:30.680 in the past and figure that, well, if they happened 0:18:30.720 --> 0:18:33.160 in the past this way and this was the pathway, 0:18:33.520 --> 0:18:36.840 maybe it'll happen again, you know. So anyway, getting back 0:18:36.840 --> 0:18:40.600 to the story, ongoing economic concerns, including tariffs and the 0:18:40.720 --> 0:18:44.080 end of electric vehicle tax credit. Of course, the economic 0:18:44.160 --> 0:18:49.720 uncertainty there, several major automobile automakers delivered solid sales growth 0:18:49.960 --> 0:18:53.359 to the July to September period. General Motors and Ford 0:18:53.520 --> 0:18:58.280 each reported eight percent increase in vehicle sales, while Toilet 0:18:59.320 --> 0:19:04.440 Motors American Division reported a fourteen percent gain. According to 0:19:04.440 --> 0:19:08.240 the market research firm Cox Automotive, US new vehicle sales 0:19:08.280 --> 0:19:12.560 are expected to total around four point one four million 0:19:13.240 --> 0:19:18.560 vehicles for quarter three four point one million in one 0:19:18.760 --> 0:19:23.280 quarter for quarter three, up from three point nine million 0:19:23.480 --> 0:19:26.800 from the same period last year. President Trump's One Big 0:19:26.880 --> 0:19:31.000 Beautiful Bill officially ended the seven five hundred dollars tax 0:19:31.040 --> 0:19:35.119 credit for EV purchases earlier this week, contributing to a 0:19:35.800 --> 0:19:39.440 temporary spike in EV sales. But as it turns out, 0:19:39.840 --> 0:19:44.320 now that those EV credits are down, guess what, the 0:19:44.359 --> 0:19:48.720 automobile manufacturers are rolling back their prices. Because remember we've 0:19:48.760 --> 0:19:51.879 talked about this before when that seven five hundred dollars 0:19:51.920 --> 0:19:54.880 tax credit went into effect, almost the very next day, 0:19:55.200 --> 0:19:58.360 a lot of the EV manufacturers raised their prices by 0:19:58.400 --> 0:19:59.920 seven thousand dollars. 0:20:00.359 --> 0:20:01.760 So what did you really net. 0:20:02.000 --> 0:20:04.800 You get a seven thousand dollars tax credit, but you're 0:20:04.800 --> 0:20:07.760 paying seven thousand dollars more for the vehicle. Now, mind 0:20:07.800 --> 0:20:10.480 you that tax credit that comes off your current year. 0:20:10.520 --> 0:20:13.240 It reduces your taxes and all that, but you're still 0:20:13.280 --> 0:20:16.240 on the hook for that additional seven thousand dollars if 0:20:16.240 --> 0:20:19.199 you're borrowing that over the life of that loan, and 0:20:19.240 --> 0:20:22.200 that compounds to where it probably pretty much eats up 0:20:22.240 --> 0:20:23.919 a lot of that credit that you'd be getting in 0:20:23.920 --> 0:20:27.560 that first year. But again, Duncan Aldred, president of GM's 0:20:27.600 --> 0:20:31.280 North America operations, said, consumer sentiment appears to have improved 0:20:31.320 --> 0:20:34.480 in recent months. I think stability, clarity and the lack 0:20:34.560 --> 0:20:38.399 that massive price rises that people feared is really driving 0:20:38.440 --> 0:20:40.320 the market. We'll pick this up and talk a little 0:20:40.320 --> 0:20:43.120 bit more about this because you know, again they talk 0:20:43.160 --> 0:20:47.879 about economic uncertainty, and guess what the economic uncertainty is 0:20:47.920 --> 0:20:52.000 with the economists. But the American people are steadfast and 0:20:52.080 --> 0:20:54.639 going forward, and they're saying the heck with it. My 0:20:54.800 --> 0:20:57.359 job is safe, or at least we are doing well. 0:20:57.520 --> 0:20:59.000 We're going to go out and have a good time, 0:20:59.040 --> 0:21:01.360 and we're going to continue spend money. I'm Kevin Born, 0:21:01.400 --> 0:21:05.520 america'struck in Network seven hundred WLW. 0:21:05.480 --> 0:21:14.040 News Traffic and Weather News Radio seven hundred WLW, Cincinnati. 0:21:13.359 --> 0:21:17.200 In Oregon, federal orders are meeting local resistance. 0:21:17.640 --> 0:21:19.080 It's your bottom of the hour report. 0:21:19.400 --> 0:21:21.960 Sorry, it's her twelve thirty report, and I'm Travis Lair 0:21:22.119 --> 0:21:25.840 breaking now. A federal judge has blocked the Trump administration 0:21:25.920 --> 0:21:29.239 from deploying National Guard troops to Portland, a move the 0:21:29.280 --> 0:21:32.000 White House says is needed to control crime around an 0:21:32.040 --> 0:21:37.000 ice facility, where protests continue. In Chicago and Illinois, similar 0:21:37.080 --> 0:21:39.960 lawsuits are underway as Texas Guard members arrive in the state. 0:21:40.200 --> 0:21:43.199 The President is threatening to invoke the Insurrection Act if 0:21:43.240 --> 0:21:47.440 courts don't allow the deployments. Here's ABC's Trevor Alt in Portland. 0:21:47.760 --> 0:21:51.840 You have President from claiming that demonstrators and protesters, violent 0:21:51.920 --> 0:21:55.040 criminals in his word, are burning down the city, whereas 0:21:55.080 --> 0:21:57.879 the police chief and local officials are saying that the 0:21:57.920 --> 0:22:00.959 demonstrations here are happening really on a single block of 0:22:01.000 --> 0:22:03.280 a one hundred and forty five square mile. 0:22:03.119 --> 0:22:06.960 City hearing in Oregon is set for Thursday as tensions 0:22:07.000 --> 0:22:09.720 grow between federal and local authorities. 0:22:10.840 --> 0:22:14.040 Now the Ladies forecast from the Train Heating and Cooling 0:22:14.040 --> 0:22:18.560 Weather Center on news radio seven hundred WLW. 0:22:18.440 --> 0:22:20.760 On the way to our Wednesday morning, We're looking at 0:22:20.800 --> 0:22:24.880 clearing skies. Seven am. Temperature of fifty three. Now our 0:22:24.920 --> 0:22:27.480 Wednesday is going to be mostly sunny, a high though 0:22:27.520 --> 0:22:30.920 of just sixty eight at night, clear and much cooler. 0:22:31.119 --> 0:22:34.720 We're dropping down to forty three from your severe weather station. 0:22:35.119 --> 0:22:39.920 I'm nine First Warning Chief Meteorologist Steve Rawley, News Radio 0:22:40.080 --> 0:22:43.680 seven hundred WLW. Right now sixty two degrees. 0:22:43.840 --> 0:22:47.520 In Cincinnati, the driestate is facing what advocates call a 0:22:47.720 --> 0:22:52.040 historic low in foster parent numbers. Local agencies say homes 0:22:52.080 --> 0:22:55.320 in Greater Cincinnati are at capacity, and the shortage has 0:22:55.359 --> 0:22:57.800 intensified since abortion restrictions took effect. 0:22:57.840 --> 0:22:58.639 In Ohio. 0:22:58.960 --> 0:23:01.760 More than thirty three one thousand children are in care 0:23:01.840 --> 0:23:04.760 across the region, with some placed in group homes when 0:23:04.800 --> 0:23:08.640 foster families can't be found. Advocates say more families are 0:23:08.640 --> 0:23:11.639 needed to give kids stability and a safe place to 0:23:11.680 --> 0:23:14.639 grow and after more than a half a century away, 0:23:14.680 --> 0:23:18.320 the Children's Theater of Cincinnati is coming home. The company 0:23:18.359 --> 0:23:22.400 returns to the historic Historic Emery Theater this weekend after 0:23:22.440 --> 0:23:26.679