1 00:00:00,480 --> 00:00:04,560 Speaker 1: You're listening to KFI A six on demand listen anytime 2 00:00:04,640 --> 00:00:06,400 Speaker 1: on demand on the iHeartRadio app. 3 00:00:06,440 --> 00:00:10,719 Speaker 2: Okay, we've got we got an issue with the airport. 4 00:00:10,720 --> 00:00:12,480 Speaker 2: So we know, we saw the stories all day long 5 00:00:12,520 --> 00:00:15,440 Speaker 2: today about delays, about shutdowns, all this kind of stuff. 6 00:00:15,640 --> 00:00:18,079 Speaker 2: John Wayne's not on that list. Heerbank is not on 7 00:00:18,120 --> 00:00:20,680 Speaker 2: that list. But it doesn't matter because as people are 8 00:00:20,720 --> 00:00:24,280 Speaker 2: trying to figure out ways to get to their destination 9 00:00:25,079 --> 00:00:28,120 Speaker 2: if they were flying out of Lax Sorry, and then 10 00:00:28,160 --> 00:00:29,880 Speaker 2: you're looking for another way to get out, and you go, 11 00:00:30,040 --> 00:00:33,280 Speaker 2: I guess I'm I guess I'm going Ontario, right. Oh, 12 00:00:33,400 --> 00:00:35,879 Speaker 2: I guess I guess We're gonna take an uber to 13 00:00:35,880 --> 00:00:38,159 Speaker 2: Burbank so we can at least catch a flight. So 14 00:00:38,240 --> 00:00:41,000 Speaker 2: what does that do? That starts, that starts overloading some 15 00:00:41,040 --> 00:00:44,120 Speaker 2: of the smaller airports. The regional airports are also the 16 00:00:44,159 --> 00:00:47,120 Speaker 2: ones that a number of the airliner the airline companies 17 00:00:47,280 --> 00:00:49,440 Speaker 2: have decided, if we have to cancel routes, we're going 18 00:00:49,479 --> 00:00:52,520 Speaker 2: to cancel routes to the small regional airports. And because 19 00:00:52,560 --> 00:00:54,600 Speaker 2: that's only going to affect you know, one hundred people 20 00:00:54,600 --> 00:00:56,360 Speaker 2: at a time instead of three hundred people at a time, 21 00:00:56,880 --> 00:01:02,760 Speaker 2: so they're starting to feel some some some blowback from this. 22 00:01:03,520 --> 00:01:06,440 Speaker 2: And you know what, we had the list. I think 23 00:01:06,480 --> 00:01:08,760 Speaker 2: the list was breaking on Wednesday. I was in and 24 00:01:08,840 --> 00:01:10,840 Speaker 2: I think the list had just come out like an 25 00:01:10,840 --> 00:01:12,520 Speaker 2: hour or two before I came on the air and 26 00:01:12,560 --> 00:01:15,160 Speaker 2: we saw, of course La Lax was on that that list. 27 00:01:15,160 --> 00:01:17,280 Speaker 2: And then Mark, I think we were talking about up 28 00:01:17,280 --> 00:01:18,840 Speaker 2: and down the seaboard. If you if you thought of 29 00:01:18,880 --> 00:01:20,920 Speaker 2: a major airport on the West coast, it was it 30 00:01:20,959 --> 00:01:24,200 Speaker 2: was targeted for some cancelations. And then we saw a 31 00:01:24,200 --> 00:01:27,000 Speaker 2: bunch in the Midwest. But when I when I head home, 32 00:01:27,600 --> 00:01:30,040 Speaker 2: I was flying to Grand Rapids. I my wife and 33 00:01:30,080 --> 00:01:31,560 Speaker 2: I have a small we have a place in a 34 00:01:31,680 --> 00:01:34,160 Speaker 2: very small town in northern Michigan, and so it's not 35 00:01:34,200 --> 00:01:36,960 Speaker 2: like there's a major airport. I mean, Chicago O'Hare is 36 00:01:38,040 --> 00:01:39,680 Speaker 2: four and a half hours from us. We got to 37 00:01:39,760 --> 00:01:41,920 Speaker 2: drive around a lake to get there. Oh so yeah, 38 00:01:42,000 --> 00:01:43,800 Speaker 2: so we was we always in everybody goes we why do 39 00:01:43,920 --> 00:01:46,119 Speaker 2: we go to Detroit. It's actually the same amount of time. 40 00:01:46,200 --> 00:01:48,800 Speaker 2: We're just in that we're up closer to Traverse City 41 00:01:48,840 --> 00:01:53,000 Speaker 2: than anything else. Uh So I was going to Grand Rapids. 42 00:01:53,080 --> 00:01:55,280 Speaker 2: It's an hour and forty five minute drive from Grand Rapids. 43 00:01:55,640 --> 00:01:57,640 Speaker 2: But that's one of the airports that would be affected 44 00:01:57,640 --> 00:02:00,200 Speaker 2: by it because if you're if you're American and you've 45 00:02:00,200 --> 00:02:04,320 Speaker 2: got a hub in Chicago, which is what I do. Uh, 46 00:02:04,440 --> 00:02:06,240 Speaker 2: then they go, well, well, we're going to cancel our 47 00:02:06,240 --> 00:02:09,720 Speaker 2: flights to Boston or nope, we're gonna cancel our flights 48 00:02:09,760 --> 00:02:12,160 Speaker 2: to Grand Rapids because who the hell's going to Grand Rapids? 49 00:02:12,280 --> 00:02:14,000 Speaker 2: Some gap tooth More and on the radio, he can 50 00:02:14,040 --> 00:02:15,639 Speaker 2: just drive. That's fine. We don't need to we don't 51 00:02:15,639 --> 00:02:18,440 Speaker 2: need to accommodate him. So that's where they're starting to 52 00:02:18,480 --> 00:02:22,440 Speaker 2: cut back, which also means that if you are, say 53 00:02:22,440 --> 00:02:24,960 Speaker 2: on a Southwest flight that is gotta a lay over 54 00:02:25,000 --> 00:02:28,440 Speaker 2: at a Dallas love they're probably looking to come into 55 00:02:28,520 --> 00:02:32,840 Speaker 2: Lax not necessarily into Burbank, because again, how many people 56 00:02:32,919 --> 00:02:36,240 Speaker 2: are we going to disappoint? Right, which is kind of 57 00:02:38,800 --> 00:02:40,200 Speaker 2: kind of the same theory I have when it comes 58 00:02:40,200 --> 00:02:42,360 Speaker 2: to my love life. You know, how many people can 59 00:02:42,360 --> 00:02:44,760 Speaker 2: I disappoint? That's why I got married. Now I can 60 00:02:44,760 --> 00:02:46,640 Speaker 2: just disappoint one woman the rest of my life instead 61 00:02:46,639 --> 00:02:52,440 Speaker 2: of bouncing around and disappointing many women. Yep, I went there. Uh, Meanwhile, 62 00:02:52,440 --> 00:02:55,800 Speaker 2: we've got to political fallout from the airline shutdowns. Is 63 00:02:55,880 --> 00:02:59,560 Speaker 2: this going to be the motivator, the catalyst to get 64 00:02:59,560 --> 00:03:01,239 Speaker 2: the guver reopened for Fox? 65 00:03:01,360 --> 00:03:03,760 Speaker 3: The skies will be a little less crowded today as 66 00:03:03,840 --> 00:03:06,040 Speaker 3: passengers brace for the new reality. 67 00:03:06,160 --> 00:03:08,519 Speaker 2: The last thing you want is too many airplanes in 68 00:03:08,560 --> 00:03:10,359 Speaker 2: the air, none enough people controlling them. 69 00:03:10,440 --> 00:03:12,519 Speaker 3: Oh that's how the FAA sees it, as they order 70 00:03:12,560 --> 00:03:14,760 Speaker 3: airlines to scale back operations. 71 00:03:14,840 --> 00:03:17,600 Speaker 2: Yeah, by the way, this is also tangent here. But 72 00:03:17,680 --> 00:03:19,519 Speaker 2: this is also why we're never gonna have flying cars. 73 00:03:20,320 --> 00:03:24,080 Speaker 2: But I mean, you go on the road, Look at 74 00:03:24,120 --> 00:03:26,040 Speaker 2: all the morons that are on the road. Now imagine 75 00:03:26,080 --> 00:03:28,160 Speaker 2: all those morons were in the sky and then somebody 76 00:03:28,160 --> 00:03:29,639 Speaker 2: had to make sure they didn't run into each other. 77 00:03:30,400 --> 00:03:31,240 Speaker 2: It's never gonna happen. 78 00:03:31,320 --> 00:03:35,160 Speaker 3: It's starting today at forty major airports across the country. 79 00:03:35,400 --> 00:03:39,160 Speaker 3: Too many planes, too few controllers. They say, safety's primary. 80 00:03:39,560 --> 00:03:42,160 Speaker 3: And so this is not politics for us. The Transportation 81 00:03:42,280 --> 00:03:45,640 Speaker 3: Secretary said, this isn't political, but it has clear political 82 00:03:45,720 --> 00:03:47,840 Speaker 3: ramifications for the shutdown debate. 83 00:03:48,080 --> 00:03:50,480 Speaker 2: Oh, it's not political, because it sure seems political to me. 84 00:03:50,840 --> 00:03:53,640 Speaker 3: And President Trump said last night he won't accede to 85 00:03:53,760 --> 00:03:56,200 Speaker 3: Democratic demands for more healthcare spending. 86 00:03:56,320 --> 00:03:59,640 Speaker 4: Look, the shutdown is caused by the Democrats, and we're 87 00:03:59,640 --> 00:04:02,320 Speaker 4: not going to spend a trillion dollars or one and 88 00:04:02,360 --> 00:04:03,800 Speaker 4: a half trillion dollars. 89 00:04:03,480 --> 00:04:05,960 Speaker 1: On healthcare for people that came into a country. 90 00:04:05,680 --> 00:04:08,240 Speaker 2: Illegally that came away more confused. Well, he just keeps 91 00:04:08,240 --> 00:04:11,840 Speaker 2: repeating that one, doesn't He just keep beating that dead horse. 92 00:04:11,920 --> 00:04:15,000 Speaker 3: He's want to win in Not much clarity from lawmakers 93 00:04:15,040 --> 00:04:17,760 Speaker 3: on Capitol Hill, but we do expect to vote today 94 00:04:17,920 --> 00:04:21,440 Speaker 3: on another measure to reopen the government. It may include 95 00:04:21,480 --> 00:04:26,000 Speaker 3: some concessions from Republicans, including a guaranteed vote on Obamacare 96 00:04:26,040 --> 00:04:29,799 Speaker 3: price supports, but not the guaranteed outcome that many Democrats 97 00:04:29,800 --> 00:04:32,760 Speaker 3: are pressing for. And while some moderates from both parties 98 00:04:32,760 --> 00:04:35,120 Speaker 3: have been working behind the scenes to craft to compromise, 99 00:04:35,560 --> 00:04:38,320 Speaker 3: many on the left are pressing Senate Minority Leader Chuck 100 00:04:38,360 --> 00:04:40,120 Speaker 3: Schumer to hold the line. 101 00:04:40,160 --> 00:04:42,080 Speaker 5: He's got to keep doing it and we've got to 102 00:04:42,080 --> 00:04:42,920 Speaker 5: deliver a win. 103 00:04:43,320 --> 00:04:48,280 Speaker 1: I think that there is no reason, yes, surrender now, 104 00:04:48,360 --> 00:04:50,279 Speaker 1: every reason to stand firm. 105 00:04:50,400 --> 00:04:53,360 Speaker 2: Yeah, So everybody looks at it like surrender, Oh, compromises, 106 00:04:53,440 --> 00:04:57,640 Speaker 2: surrender compromise the surrender. Let me tell you, even if 107 00:04:57,640 --> 00:05:00,240 Speaker 2: you're not flying, everybody keep talking about who's flying. And 108 00:05:00,279 --> 00:05:03,960 Speaker 2: I could be way off on this, but I really 109 00:05:04,000 --> 00:05:06,160 Speaker 2: think there's a decent amount of tune out when all 110 00:05:06,200 --> 00:05:09,360 Speaker 2: we ever talk about is the people who are flying 111 00:05:09,520 --> 00:05:11,800 Speaker 2: and the people who get to delayed. Because while that 112 00:05:11,960 --> 00:05:14,440 Speaker 2: is tens of thousands of people every day, there are 113 00:05:14,560 --> 00:05:17,240 Speaker 2: millions of people every day that are not flying that 114 00:05:17,320 --> 00:05:22,680 Speaker 2: are not worried about how delayed the planes are. But 115 00:05:22,800 --> 00:05:26,839 Speaker 2: you know what nobody's talking about. Hey, nobody talking about 116 00:05:26,880 --> 00:05:34,760 Speaker 2: my TEAMU because it's not just passenger planes, it's all planes, 117 00:05:35,880 --> 00:05:39,000 Speaker 2: and nobody seems to care about my TEAMU packages. Well 118 00:05:39,040 --> 00:05:40,680 Speaker 2: I care about my TEAMU. 119 00:05:41,040 --> 00:05:43,840 Speaker 6: Hey, everybody, ten Tampa Bay Morning news anchor Jamison Yuler. 120 00:05:43,920 --> 00:05:46,400 Speaker 2: You might beg Jamison ten Tampa Bay. 121 00:05:46,600 --> 00:05:49,720 Speaker 6: I'd have thought this government shutdown doesn't really affect you, 122 00:05:50,120 --> 00:05:51,839 Speaker 6: but now it's about to hit your doorstep. 123 00:05:52,120 --> 00:05:52,560 Speaker 2: Literally. 124 00:05:52,760 --> 00:05:56,000 Speaker 6: Tampa International and thirty nine other airports are canceling ten 125 00:05:56,040 --> 00:05:57,280 Speaker 6: percent of its flights because. 126 00:05:57,080 --> 00:05:59,640 Speaker 2: Of this shutdown. Yeah, we've been over that. Keep going 127 00:05:59,680 --> 00:06:01,080 Speaker 2: ten And you're. 128 00:06:00,920 --> 00:06:03,840 Speaker 6: Probably thinking, I'm not flying anywhere, No big deal. Well 129 00:06:03,880 --> 00:06:06,719 Speaker 6: it is a big deal because those same planes also 130 00:06:06,839 --> 00:06:09,280 Speaker 6: carry cargo. The belly of that jet that takes you 131 00:06:09,320 --> 00:06:12,320 Speaker 6: to Nashville might also be carrying your Amazon ordered down 132 00:06:12,360 --> 00:06:13,520 Speaker 6: there with your mind exactly. 133 00:06:13,680 --> 00:06:14,279 Speaker 2: With thousands of. 134 00:06:14,240 --> 00:06:17,800 Speaker 6: Air traffic controllers and TSA workers missing paychecks, there are 135 00:06:17,839 --> 00:06:20,600 Speaker 6: fewer flights in the sky and fewer packages moving quickly. 136 00:06:20,960 --> 00:06:23,840 Speaker 6: Ups and FedEx are rerouting what they can, but experts 137 00:06:23,839 --> 00:06:27,719 Speaker 6: say expect slowdowns for weeks. Amazon is downplaying it for now. 138 00:06:27,960 --> 00:06:30,839 Speaker 6: But if that two day delivery takes three, well, now. 139 00:06:30,720 --> 00:06:35,880 Speaker 2: You know why. Okay, you kind of made it sound trivial. 140 00:06:36,600 --> 00:06:39,599 Speaker 2: It's not trivial. It's my team move. So here's the 141 00:06:39,640 --> 00:06:42,760 Speaker 2: thing too. Here's what it's not just that it's going 142 00:06:42,800 --> 00:06:44,599 Speaker 2: to take another day on your two day delivery, which, 143 00:06:44,640 --> 00:06:46,799 Speaker 2: by the way, we're guaranteed two day delivery. I expect 144 00:06:46,839 --> 00:06:52,320 Speaker 2: that guarantee Amazon, But it's this. If we take a 145 00:06:52,360 --> 00:06:56,920 Speaker 2: look at what drove inflation during COVID, all the different factors, 146 00:06:57,040 --> 00:06:59,239 Speaker 2: one of the major factors was the supply chain. Remember 147 00:06:59,279 --> 00:07:02,520 Speaker 2: all the ships that were stuck offshore off Long Beach, 148 00:07:03,320 --> 00:07:05,280 Speaker 2: uh and we were trying to get him in here 149 00:07:05,279 --> 00:07:06,840 Speaker 2: so we could unload him, and all these you know, 150 00:07:07,040 --> 00:07:11,760 Speaker 2: supply chain, supply chain, supply chain, so a ten disruption 151 00:07:11,880 --> 00:07:17,280 Speaker 2: in the supply chain, we might notice it. But now 152 00:07:17,360 --> 00:07:21,880 Speaker 2: what they're saying is we could see according to reality 153 00:07:22,120 --> 00:07:26,600 Speaker 2: star turned Transportation Secretary Sean Duffy, who also this was 154 00:07:26,640 --> 00:07:30,320 Speaker 2: such a bad casting by the president. You realize he 155 00:07:30,400 --> 00:07:33,880 Speaker 2: picked a reality star for Real World. Wouldn't it made 156 00:07:33,920 --> 00:07:38,560 Speaker 2: more sense to cast somebody as the the transportation secretary. 157 00:07:38,600 --> 00:07:42,760 Speaker 2: Had they come from road rules, that would have been 158 00:07:42,760 --> 00:07:45,200 Speaker 2: fine too, But no, instead we get Real World. Wait 159 00:07:45,280 --> 00:07:47,040 Speaker 2: till you find out who you put in charge of 160 00:07:47,080 --> 00:07:55,280 Speaker 2: health to shave my friend. I'm concerned about the higher 161 00:07:55,320 --> 00:07:58,040 Speaker 2: cost because now you're gonna have shippers that are gonna 162 00:07:58,040 --> 00:08:00,000 Speaker 2: say I can't guarantee that product is going to get 163 00:08:00,040 --> 00:08:02,640 Speaker 2: from point A to point B, or it's going to 164 00:08:02,640 --> 00:08:06,160 Speaker 2: be delayed. Is there another route? Well, they're obviously flying 165 00:08:06,200 --> 00:08:09,240 Speaker 2: it in the first place for a reason, time or cost. 166 00:08:09,800 --> 00:08:13,160 Speaker 2: Your alternatives are going to be trains are automobiles. Right, 167 00:08:13,160 --> 00:08:16,000 Speaker 2: you have planes, trains, and automobiles. So if you're gonna 168 00:08:16,000 --> 00:08:18,160 Speaker 2: send it via a train, it's gonna take longer. You're 169 00:08:18,200 --> 00:08:21,880 Speaker 2: set it by automobile, it may cost more and take longer. 170 00:08:22,680 --> 00:08:26,400 Speaker 2: So your alternatives are not great, which means you're just 171 00:08:26,480 --> 00:08:28,240 Speaker 2: gonna have to deal with the delays. And if you're 172 00:08:28,280 --> 00:08:31,080 Speaker 2: dealing with delays, that means places aren't getting products quickly enough. 173 00:08:31,120 --> 00:08:32,880 Speaker 2: That means that people are willing to pay more for 174 00:08:32,960 --> 00:08:34,400 Speaker 2: the products that are on the shelves, at least the 175 00:08:34,440 --> 00:08:36,720 Speaker 2: people that have money, because we are seeing a giant 176 00:08:36,720 --> 00:08:40,680 Speaker 2: bifurcated economy, which means the wealthy are are doing fine. 177 00:08:40,720 --> 00:08:43,520 Speaker 2: Those that don't have money are struggling, and so they're 178 00:08:43,520 --> 00:08:45,400 Speaker 2: gonna be looking for goods. The goods aren't going to 179 00:08:45,440 --> 00:08:47,320 Speaker 2: be there. They've got the money to spend, they're willing 180 00:08:47,360 --> 00:08:50,200 Speaker 2: to spend more on the goods elsewhere, and so we 181 00:08:50,240 --> 00:08:54,080 Speaker 2: start seeing inflation. So this is a model shift that 182 00:08:54,080 --> 00:08:58,160 Speaker 2: we're seeing right here, and companies are gonna have to 183 00:08:58,160 --> 00:09:00,960 Speaker 2: try to figure out how to how to how to 184 00:09:01,000 --> 00:09:05,400 Speaker 2: adapt to this. And again, if it's very temporary, we'll 185 00:09:05,400 --> 00:09:09,439 Speaker 2: get through it, no problem. If it's ten percent, probably 186 00:09:09,480 --> 00:09:13,720 Speaker 2: be just fine, even if this extends past Thanksgiving. But 187 00:09:13,760 --> 00:09:15,520 Speaker 2: if all of a sudden we start seeing twenty percent 188 00:09:15,679 --> 00:09:18,520 Speaker 2: of flights being canceled or delayed or whatever else it is, 189 00:09:18,559 --> 00:09:21,040 Speaker 2: then you're gonna start having suppliers looking for different means 190 00:09:21,080 --> 00:09:23,839 Speaker 2: of transport, and if they do, we're gonna start seeing 191 00:09:23,840 --> 00:09:30,440 Speaker 2: some more bottlenecks. But don't worry. I have no follow 192 00:09:30,480 --> 00:09:35,400 Speaker 2: up to that. That was just it. Don't worry, that's all. 193 00:09:35,559 --> 00:09:38,360 Speaker 2: Be happy. Yeah, I just yeah, I at this point 194 00:09:38,440 --> 00:09:40,120 Speaker 2: is gallows humor. So I don't even know where to 195 00:09:40,120 --> 00:09:42,360 Speaker 2: go over that. Hey, you're working harder, you're earning more, 196 00:09:42,360 --> 00:09:45,080 Speaker 2: and somehow you're still drowning. There's a new tab for 197 00:09:45,160 --> 00:09:48,000 Speaker 2: the American dream and it's more than you could possibly imagine. 198 00:09:48,040 --> 00:09:50,520 Speaker 2: Just how much is next? I'm Chris Maryland. 199 00:09:51,120 --> 00:09:55,280 Speaker 1: You're listening to KFI AM six forty on demand talking. 200 00:09:55,080 --> 00:09:57,280 Speaker 2: About my headphones. There are a couple of segments ago 201 00:09:57,280 --> 00:09:59,800 Speaker 2: and you, guys, you're fantastic. I just love it. Everybody's 202 00:09:59,800 --> 00:10:03,400 Speaker 2: say nobody's giving me some help on this too. Hey, Chris, 203 00:10:03,400 --> 00:10:08,880 Speaker 2: about your headphone issue. If it's not blown drivers or 204 00:10:08,920 --> 00:10:14,079 Speaker 2: a bad cable, it's probably full of earwax. That's usually 205 00:10:14,120 --> 00:10:18,000 Speaker 2: the problem I found when Yeah, no, you're right, yeah, 206 00:10:17,320 --> 00:10:20,600 Speaker 2: so check for ear wax in the in the holes. 207 00:10:21,360 --> 00:10:24,320 Speaker 2: I appreciate that. Actually, that's it's good advice in this case. 208 00:10:24,360 --> 00:10:26,520 Speaker 2: That that wasn't the case because they were brand new. 209 00:10:26,559 --> 00:10:27,880 Speaker 2: They were right out of the box, and I just 210 00:10:28,160 --> 00:10:30,480 Speaker 2: it's and Tony, you can bag me up on this. 211 00:10:30,520 --> 00:10:32,439 Speaker 2: Whenever you get new headphones there, they all sound a 212 00:10:32,440 --> 00:10:34,480 Speaker 2: little different. The sound profile is different on all of those, 213 00:10:34,520 --> 00:10:35,719 Speaker 2: and it takes a little bit of getting used to, 214 00:10:35,840 --> 00:10:37,760 Speaker 2: especially if you have to hear your own stupid voice 215 00:10:37,760 --> 00:10:39,720 Speaker 2: in them. Oh, everyone hates their voice. Yes, I can't 216 00:10:39,720 --> 00:10:41,920 Speaker 2: stand it. I think I've told the story before that 217 00:10:41,960 --> 00:10:44,319 Speaker 2: the worst experience I had is when I first got 218 00:10:44,360 --> 00:10:48,640 Speaker 2: into radio and I and I had my alarm clock set. 219 00:10:48,679 --> 00:10:49,800 Speaker 2: I was doing a morning show and I had my 220 00:10:49,840 --> 00:10:53,439 Speaker 2: alarm clock set to my station, and I got burned 221 00:10:53,440 --> 00:10:55,679 Speaker 2: a couple of times. Because my station, it was Northern Michigan. 222 00:10:55,840 --> 00:10:57,439 Speaker 2: We'd have a snowstorm or something and the station will 223 00:10:57,480 --> 00:11:00,000 Speaker 2: go off the air and so then the alarm clock 224 00:11:00,200 --> 00:11:04,680 Speaker 2: kicks on and there's just white noise. So it didn't 225 00:11:04,679 --> 00:11:07,360 Speaker 2: wake me out. That was bad. But then when I 226 00:11:07,360 --> 00:11:09,000 Speaker 2: woke up and there was a commercial plane with my 227 00:11:09,040 --> 00:11:10,920 Speaker 2: own voice on it, I was, Oh, this can't happen. 228 00:11:11,440 --> 00:11:16,640 Speaker 2: We're not doing this again, New New New. Let me see. Oh, 229 00:11:16,640 --> 00:11:18,680 Speaker 2: we were talking about the flight delays. 230 00:11:19,200 --> 00:11:25,800 Speaker 4: My flight from Burbank to Reno comes from Phoenix, so yes, 231 00:11:26,240 --> 00:11:28,520 Speaker 4: Burbank's not on the list, but the flight out of 232 00:11:29,040 --> 00:11:31,920 Speaker 4: Phoenix is, so it's going to be canceled. 233 00:11:32,640 --> 00:11:35,160 Speaker 2: There you go, and Reno's a smaller airport. That's that's 234 00:11:35,160 --> 00:11:37,200 Speaker 2: a great point. Thank you so much. That's exactly what 235 00:11:37,200 --> 00:11:40,839 Speaker 2: I'm saying. It's a great point. You got the flight. 236 00:11:42,160 --> 00:11:44,640 Speaker 2: If you were going Phoenix to la it's probably not canceled. 237 00:11:44,640 --> 00:11:46,400 Speaker 2: But they're going. Well, if we could just disappoint one 238 00:11:46,440 --> 00:11:48,400 Speaker 2: hundred people going to Reno, they're not to be fine. 239 00:11:48,400 --> 00:11:51,240 Speaker 2: And then while Reno's just going on to Burbank. So 240 00:11:51,679 --> 00:11:53,680 Speaker 2: we just got to make sure we get the planes 241 00:11:53,679 --> 00:11:55,840 Speaker 2: with the most people on it to the biggest airports. 242 00:11:55,840 --> 00:11:58,320 Speaker 2: That's how the airlines are dealing with it. That's what 243 00:11:58,360 --> 00:12:03,679 Speaker 2: they're doing. What's happening there, all right. If you are, 244 00:12:06,880 --> 00:12:11,400 Speaker 2: if you are like most people, you are spending too 245 00:12:11,480 --> 00:12:14,680 Speaker 2: much money. If you are like most people in California, 246 00:12:14,880 --> 00:12:18,160 Speaker 2: you spent too much money. And I tell you it's 247 00:12:18,200 --> 00:12:22,120 Speaker 2: not even your fault. It really isn't. It isn't. You 248 00:12:22,200 --> 00:12:25,199 Speaker 2: can't afford anything here, and if you bought a house, 249 00:12:25,360 --> 00:12:29,320 Speaker 2: chances are your house poor is just what we deal 250 00:12:29,360 --> 00:12:33,400 Speaker 2: with in California, which means you're putting other things on 251 00:12:33,440 --> 00:12:34,679 Speaker 2: your credit cards because you've got to be able to 252 00:12:34,679 --> 00:12:37,199 Speaker 2: make that mortgage payment, right, so then your credit card 253 00:12:37,240 --> 00:12:40,760 Speaker 2: balance goes up. It has gotten so bad, and I 254 00:12:40,800 --> 00:12:43,199 Speaker 2: would say that we're we got to be leading away 255 00:12:43,480 --> 00:12:45,280 Speaker 2: when it comes to the American debt. But the American 256 00:12:45,320 --> 00:12:48,559 Speaker 2: debt collectively is as bad as it's ever been. From 257 00:12:48,559 --> 00:12:49,680 Speaker 2: CBS Mornings. 258 00:12:49,360 --> 00:12:53,280 Speaker 7: Talking about Americans aspiring debt, which has hit a record high, 259 00:12:53,520 --> 00:12:56,600 Speaker 7: new Federal Reserve report shows total household debt is more 260 00:12:56,640 --> 00:12:59,439 Speaker 7: than eighteen trillion dollars. You heard me right, with a 261 00:12:59,520 --> 00:13:02,560 Speaker 7: te equivalent ten yearly half of the size of the 262 00:13:02,640 --> 00:13:03,560 Speaker 7: US economy. 263 00:13:03,800 --> 00:13:07,839 Speaker 2: Crap credit card balances one point one four trillion. That's 264 00:13:07,920 --> 00:13:11,680 Speaker 2: up six percent from last year alone. In fact, last 265 00:13:11,720 --> 00:13:13,720 Speaker 2: year we were doing stories about how we just crossed 266 00:13:13,720 --> 00:13:16,480 Speaker 2: a trillion dollars in credit card debt. Now the mortgage 267 00:13:16,520 --> 00:13:24,920 Speaker 2: debt alone, mortgage debt is thirteen trillion dollars, thirteen trillion dollars. 268 00:13:26,520 --> 00:13:28,600 Speaker 2: So you take that, and then you take the credit 269 00:13:28,600 --> 00:13:31,760 Speaker 2: card debt, there's another one plus trillions, and they're at 270 00:13:31,800 --> 00:13:35,760 Speaker 2: fourteen not quite fourteen and a quarter and the rest 271 00:13:35,760 --> 00:13:38,760 Speaker 2: of it's coming from things like credit cards, excuse me, 272 00:13:38,800 --> 00:13:42,520 Speaker 2: from student loans, student loans one point sixty five trillion 273 00:13:42,600 --> 00:13:47,360 Speaker 2: dollars in student loans. There are a few areas in 274 00:13:47,440 --> 00:13:53,680 Speaker 2: the US economy that pace inflation, outpace inflation consistently. I 275 00:13:53,679 --> 00:13:55,960 Speaker 2: think you'd agree with me on this. When it comes 276 00:13:56,000 --> 00:14:01,040 Speaker 2: to things like electronics. Electronics actually do not do not 277 00:14:01,600 --> 00:14:05,280 Speaker 2: go up in price as quickly as so many other 278 00:14:05,760 --> 00:14:10,920 Speaker 2: things in our lives. Food costs usually are below the 279 00:14:10,960 --> 00:14:13,559 Speaker 2: average inflation. They actually keep inflation down a little bit 280 00:14:13,559 --> 00:14:15,440 Speaker 2: lower food cost Now, some of that might be because 281 00:14:15,480 --> 00:14:18,880 Speaker 2: we've got government subsidies to the farmers and whatnot, but 282 00:14:19,160 --> 00:14:22,520 Speaker 2: for the most part, the food prices don't increase nearly 283 00:14:22,720 --> 00:14:30,840 Speaker 2: as quickly as others. What drives inflation, education, healthcare, things 284 00:14:30,920 --> 00:14:33,920 Speaker 2: like that, all those things that you know. In fact, 285 00:14:34,080 --> 00:14:36,200 Speaker 2: I would go so far as to say, if you 286 00:14:36,320 --> 00:14:40,440 Speaker 2: see an institution that is constantly under construction, chances are 287 00:14:40,520 --> 00:14:44,760 Speaker 2: it is in a field that is pacing inflation. Have 288 00:14:44,880 --> 00:14:48,320 Speaker 2: you ever seen a university that didn't have expansion and 289 00:14:48,320 --> 00:14:52,800 Speaker 2: construction going on. Did you ever see a hospital that 290 00:14:52,920 --> 00:14:57,080 Speaker 2: didn't have construction and expansion going on. Did you ever 291 00:14:57,160 --> 00:15:02,840 Speaker 2: see an insurance company that wasn't expanding and drumming up 292 00:15:02,880 --> 00:15:08,040 Speaker 2: new construction somewhere. No, these places are making money hand 293 00:15:08,040 --> 00:15:11,120 Speaker 2: over fist. Part of the reason is they keep raising 294 00:15:11,160 --> 00:15:15,120 Speaker 2: the prices faster than the price of bread goes up, 295 00:15:15,680 --> 00:15:17,920 Speaker 2: faster than the price of your new TV goes up. 296 00:15:18,200 --> 00:15:20,520 Speaker 2: I once did, and I don't I'm trying to remember 297 00:15:20,560 --> 00:15:23,720 Speaker 2: the exact numbers on this, but I did a comparison 298 00:15:23,840 --> 00:15:26,480 Speaker 2: of television sets, and I want to say I think 299 00:15:26,520 --> 00:15:29,360 Speaker 2: I did a straight fifty year comparison, something like what 300 00:15:29,400 --> 00:15:31,120 Speaker 2: was the average size of a TV set in nineteen 301 00:15:31,160 --> 00:15:34,760 Speaker 2: seventy five, and it was something like nineteen inchries or something. 302 00:15:34,920 --> 00:15:37,480 Speaker 2: And those were consoles, you know, the big, big pieces 303 00:15:37,520 --> 00:15:41,080 Speaker 2: of furniture. You remember them, Mark, You probably, if you're 304 00:15:41,120 --> 00:15:43,400 Speaker 2: like me, you probably were playing with a sibling and 305 00:15:43,440 --> 00:15:45,480 Speaker 2: probably hit your head a few times on that that 306 00:15:45,760 --> 00:15:49,120 Speaker 2: monster piece of furniture. They were dangerous, They were very dangerous. 307 00:15:49,600 --> 00:15:52,400 Speaker 2: And those things at the time, I want to say, 308 00:15:52,920 --> 00:15:54,600 Speaker 2: I did the math on it, and I want to 309 00:15:54,600 --> 00:15:57,080 Speaker 2: say that they were something like one thousand dollars in 310 00:15:57,160 --> 00:16:01,920 Speaker 2: nineteen seventy five, and the equivalent would be And again 311 00:16:02,040 --> 00:16:03,760 Speaker 2: I don't remember the exact numbers, but I want to 312 00:16:03,800 --> 00:16:06,200 Speaker 2: say it would be like if you got a state 313 00:16:06,240 --> 00:16:10,760 Speaker 2: of the art nineteen inch TV today, or I adjusted 314 00:16:10,760 --> 00:16:12,560 Speaker 2: for inflation, it would have been something along the lines 315 00:16:12,600 --> 00:16:15,360 Speaker 2: of four thousand dollars something like that. And I thought, 316 00:16:16,440 --> 00:16:19,960 Speaker 2: I can go to Costco and I can get a 317 00:16:20,080 --> 00:16:25,960 Speaker 2: seventy five inch television flat screen with Wi Fi Smart 318 00:16:26,000 --> 00:16:32,520 Speaker 2: TV built in for five hundred bucks. You're actually paying 319 00:16:32,560 --> 00:16:34,440 Speaker 2: dollar for dollar less than what you paid for that 320 00:16:34,520 --> 00:16:37,960 Speaker 2: nineteen inch console in nineteen seventy five. So electronics don't 321 00:16:38,000 --> 00:16:42,720 Speaker 2: actually rise and costs nearly as quickly as as you 322 00:16:42,800 --> 00:16:44,560 Speaker 2: might think. We always think of those as being high 323 00:16:44,560 --> 00:16:46,600 Speaker 2: tech and you gotta have the latest and the greatest, 324 00:16:46,600 --> 00:16:49,360 Speaker 2: But as far as the actual cost, no, no, those 325 00:16:49,360 --> 00:16:54,200 Speaker 2: companies actually try to keep their prices down. Healthcare no no, no, now, 326 00:16:54,400 --> 00:16:55,440 Speaker 2: not keeping that gun. Yeah. 327 00:16:55,600 --> 00:16:55,640 Speaker 5: No. 328 00:16:56,440 --> 00:16:59,200 Speaker 2: Cost of education no no, no, no no, We're gonna 329 00:16:59,200 --> 00:17:01,720 Speaker 2: make that go a very very quickly. Yeah, very quickly. 330 00:17:02,640 --> 00:17:04,800 Speaker 2: So you wonder why we're in so much debt, it's 331 00:17:04,840 --> 00:17:08,240 Speaker 2: because the things that we need is where we're getting 332 00:17:08,240 --> 00:17:12,359 Speaker 2: taken to the cleaners. We need health care. We need 333 00:17:12,440 --> 00:17:15,040 Speaker 2: health insurance to pay for the health care that we 334 00:17:15,040 --> 00:17:19,320 Speaker 2: can't otherwise afford. We need education to get the job, 335 00:17:19,400 --> 00:17:21,119 Speaker 2: to give us the health care that keeps going up 336 00:17:21,160 --> 00:17:24,119 Speaker 2: in cost in order to pay for to get the 337 00:17:24,119 --> 00:17:25,800 Speaker 2: health insurance keeps going up and cost and pay for the 338 00:17:25,800 --> 00:17:30,280 Speaker 2: health care that we can't afford. We need to be 339 00:17:30,280 --> 00:17:31,760 Speaker 2: able to buy in the new car in order to 340 00:17:31,760 --> 00:17:33,200 Speaker 2: get us to the job, in order to pay for 341 00:17:33,240 --> 00:17:34,680 Speaker 2: the health insurance in order to pay for the health 342 00:17:34,680 --> 00:17:37,960 Speaker 2: care that we can't afford. So you I wonder why 343 00:17:38,080 --> 00:17:44,920 Speaker 2: our debt keeps going up so freaking much? Follow the money, 344 00:17:45,080 --> 00:17:46,800 Speaker 2: you know. You say that you're bro I get it. 345 00:17:47,760 --> 00:17:50,360 Speaker 2: You say you're stressed. I get it. But then you're 346 00:17:50,359 --> 00:17:52,280 Speaker 2: going to drop four hundred dollars on a robot vacuum 347 00:17:52,280 --> 00:17:54,320 Speaker 2: but a scented candle shaped like a turkey. What's the 348 00:17:54,400 --> 00:17:56,439 Speaker 2: matter with you? I'm gonna tell you what's wrong with 349 00:17:56,520 --> 00:17:59,000 Speaker 2: you as we head into the holiday season next, I'm 350 00:17:59,040 --> 00:17:59,520 Speaker 2: Chris Meryl. 351 00:18:00,040 --> 00:18:03,280 Speaker 1: You're listening to KFI AM six forty on demand. 352 00:18:03,320 --> 00:18:05,840 Speaker 2: Appreciate you being a part of the program tonight. It 353 00:18:06,000 --> 00:18:09,879 Speaker 2: is always an honor to me. Anyway. It's probably a hassle, 354 00:18:09,920 --> 00:18:12,719 Speaker 2: but I get it. I get it, and I appreciate you. 355 00:18:12,800 --> 00:18:15,680 Speaker 2: I just appreciate the hell out of you. So get 356 00:18:15,680 --> 00:18:19,119 Speaker 2: this two months ago. This is why you have to 357 00:18:19,160 --> 00:18:21,520 Speaker 2: be a little bit careful. This is why everybody gets 358 00:18:21,560 --> 00:18:24,480 Speaker 2: so frustrated with news. And I one hundred percent agree 359 00:18:24,520 --> 00:18:29,600 Speaker 2: with you. As somebody who relies on news in order 360 00:18:29,640 --> 00:18:34,960 Speaker 2: to bring you news commentary, this kind of stuff bugs 361 00:18:35,000 --> 00:18:39,679 Speaker 2: me to death, just really irks me. So this was 362 00:18:39,680 --> 00:18:42,720 Speaker 2: two months ago on the Today Show. All right, ready 363 00:18:42,720 --> 00:18:43,359 Speaker 2: for this, here we go. 364 00:18:43,440 --> 00:18:46,240 Speaker 8: The folks at PwC did this survey and they say 365 00:18:46,440 --> 00:18:49,159 Speaker 8: people are expecting to spend an average of fifteen hundred 366 00:18:49,200 --> 00:18:52,239 Speaker 8: dollars this year on holiday gifts, entertainment and trouvel That 367 00:18:52,280 --> 00:18:56,119 Speaker 8: sounds like a lot and it is for that. 368 00:18:54,960 --> 00:18:56,760 Speaker 2: That sounds like a lot, and it is. 369 00:18:56,920 --> 00:19:00,000 Speaker 8: That's actually down five percent from this time last year. 370 00:19:00,400 --> 00:19:03,199 Speaker 8: And you know who's driving this decline. It's gen Z. 371 00:19:03,400 --> 00:19:05,480 Speaker 8: Thirteen to twenty eight year olds say they're going to 372 00:19:05,480 --> 00:19:09,080 Speaker 8: spend twenty three percent less and that's because they're in 373 00:19:09,160 --> 00:19:11,880 Speaker 8: a job in secure market. Many are still living at home, 374 00:19:11,920 --> 00:19:14,720 Speaker 8: looking for their first gig, and they're feeling the pressure 375 00:19:14,760 --> 00:19:17,600 Speaker 8: of rising prices terrifts. They know how the kind of 376 00:19:17,640 --> 00:19:21,280 Speaker 8: seedings in the bank that older generations do. Speaking of 377 00:19:21,359 --> 00:19:23,840 Speaker 8: which bloomers sixty and up they're going to spend five 378 00:19:23,840 --> 00:19:25,440 Speaker 8: percent more. They're feeling very comfortable. 379 00:19:26,000 --> 00:19:27,200 Speaker 2: Of course they are. They've got all the money. 380 00:19:27,320 --> 00:19:28,760 Speaker 8: Jen X millennials spending about the same. 381 00:19:28,800 --> 00:19:30,679 Speaker 2: We've been talking about the tariffs for for months now. 382 00:19:30,960 --> 00:19:32,880 Speaker 2: Do we know at this point how those tariffs could 383 00:19:32,880 --> 00:19:34,840 Speaker 2: have it? Yeah? 384 00:19:34,920 --> 00:19:35,000 Speaker 3: No. 385 00:19:35,080 --> 00:19:37,439 Speaker 8: The analysts at Welsbargo have been looking at this, tracking 386 00:19:37,480 --> 00:19:41,200 Speaker 8: it and they say expect to see some price increases, modest, 387 00:19:41,200 --> 00:19:43,399 Speaker 8: It's not going to be dramatic because many retailers have 388 00:19:43,480 --> 00:19:46,280 Speaker 8: been bracing for this. They've been stocking up, ordering things 389 00:19:46,320 --> 00:19:48,720 Speaker 8: in advance for the warehouses. But here's what they're going 390 00:19:48,760 --> 00:19:50,240 Speaker 8: to do. You'll still see. You get. 391 00:19:50,240 --> 00:19:52,560 Speaker 2: The point is that they say holiday spending is going 392 00:19:52,640 --> 00:19:54,080 Speaker 2: to drop this year. All right, we're going to spend 393 00:19:54,160 --> 00:19:56,240 Speaker 2: less money. We're going to prices are going to be up, 394 00:19:56,240 --> 00:19:58,679 Speaker 2: but we're going to spend less money. And I so 395 00:19:59,040 --> 00:20:00,760 Speaker 2: it's just not going to be not going to be 396 00:20:00,800 --> 00:20:05,200 Speaker 2: what it was. Then National Retail Federation comes out this week. 397 00:20:05,400 --> 00:20:07,359 Speaker 5: History is being made this holiday season. 398 00:20:08,440 --> 00:20:11,720 Speaker 2: This is from the Ward Capital Forum, who I think 399 00:20:11,800 --> 00:20:14,480 Speaker 2: employed AI to voice this. I hate when they do that, 400 00:20:15,160 --> 00:20:15,840 Speaker 2: just hire a pro. 401 00:20:16,040 --> 00:20:19,160 Speaker 5: For the first time ever, American consumers will spend over 402 00:20:19,200 --> 00:20:20,240 Speaker 5: one trillion dollars. 403 00:20:20,480 --> 00:20:22,680 Speaker 2: Actually, I hope it's AI because if they hired this person, 404 00:20:22,680 --> 00:20:23,520 Speaker 2: they got ripped. 405 00:20:23,240 --> 00:20:24,719 Speaker 5: Off in just two months. 406 00:20:25,480 --> 00:20:27,359 Speaker 2: Here's what wars go back because I just I was 407 00:20:27,359 --> 00:20:30,360 Speaker 2: talking over the important part. 408 00:20:30,720 --> 00:20:33,880 Speaker 5: For the first time ever, American consumers will spend over 409 00:20:33,920 --> 00:20:37,760 Speaker 5: one trillion dollars in just two months. Here's what word 410 00:20:37,800 --> 00:20:41,320 Speaker 5: Capital Forum analysis reveals about this unprecedented milestone. 411 00:20:41,440 --> 00:20:42,119 Speaker 2: What is it reveal? 412 00:20:42,359 --> 00:20:46,199 Speaker 5: The National Retail Federation project spending between one dollar and 413 00:20:46,280 --> 00:20:49,080 Speaker 5: one cent and one point zero two trillion dollars this 414 00:20:49,200 --> 00:20:52,960 Speaker 5: November and December, growth of nearly four percent from last year. 415 00:20:53,720 --> 00:20:56,480 Speaker 2: Okay, that's super annoying and their music that is notxious. 416 00:20:56,520 --> 00:20:58,840 Speaker 2: But here's what we find out. According to the National 417 00:20:58,920 --> 00:21:03,480 Speaker 2: Retail Federation, we're gonna spend four percent more so. Two 418 00:21:03,520 --> 00:21:07,000 Speaker 2: months ago you were hearing about how, oh everyone is 419 00:21:07,160 --> 00:21:09,160 Speaker 2: holding back, they're not gonna spend as much money. Now 420 00:21:09,160 --> 00:21:11,119 Speaker 2: you're here from the National Retail Federation. Oh, actually we're 421 00:21:11,119 --> 00:21:13,800 Speaker 2: gonna spend more money. We're gonna spend a trillion dollars. 422 00:21:14,320 --> 00:21:16,600 Speaker 2: And they said, oh, it'll be the first time that 423 00:21:16,640 --> 00:21:20,080 Speaker 2: we spent a trillion dollars. This is it first time 424 00:21:20,480 --> 00:21:26,000 Speaker 2: we're crossing a new threshold. So me trying to find 425 00:21:26,280 --> 00:21:32,440 Speaker 2: you know, audio because radio I'm searching for stories on 426 00:21:32,920 --> 00:21:37,399 Speaker 2: holiday spending crossing a trillion dollars, and it goes all 427 00:21:37,440 --> 00:21:39,040 Speaker 2: the way back to twenty nineteen where they said we're 428 00:21:39,080 --> 00:21:41,560 Speaker 2: not gonna spend a trillion dollars this year. Experts expect 429 00:21:41,640 --> 00:21:46,040 Speaker 2: one point three trillion dollars, a trillion dollars in spending. Well, 430 00:21:46,040 --> 00:21:48,600 Speaker 2: did we have we spent a trillion dollars or not. 431 00:21:51,119 --> 00:21:53,320 Speaker 2: Part of the reason is you're going to different sources. 432 00:21:53,359 --> 00:21:54,880 Speaker 2: You heard from the Today Show that they were talking 433 00:21:54,920 --> 00:21:58,399 Speaker 2: to a Wells Fargo analyst or a PwC analyst, and 434 00:21:58,440 --> 00:22:00,399 Speaker 2: then on the other end of that you here that 435 00:22:00,440 --> 00:22:03,320 Speaker 2: it's the National National Retail Federation that says we're gonna 436 00:22:03,320 --> 00:22:07,280 Speaker 2: spend a trillion dollars. So you have different analysts who 437 00:22:07,280 --> 00:22:11,840 Speaker 2: are predicting things. It's kind of like it's kind of 438 00:22:11,880 --> 00:22:14,720 Speaker 2: like watching the weather on KTLA and they say, well, 439 00:22:14,760 --> 00:22:17,080 Speaker 2: it's gonna warm up this weekend, and then you watch 440 00:22:17,080 --> 00:22:20,640 Speaker 2: the weather over on ABC seven and they go, well, 441 00:22:21,000 --> 00:22:23,440 Speaker 2: temperatures are expected to stay steady. We could see some rain. 442 00:22:24,720 --> 00:22:26,359 Speaker 2: And then you flip over and you watch Fox and 443 00:22:26,359 --> 00:22:32,479 Speaker 2: they go the Democrats are ruining the weather, right, So 444 00:22:32,520 --> 00:22:34,920 Speaker 2: it's all about different sources. Who's looking at what map, 445 00:22:35,000 --> 00:22:38,159 Speaker 2: and you know who wants to blame somebody else. But 446 00:22:38,320 --> 00:22:41,480 Speaker 2: in the case of the spending, honest to god, we 447 00:22:41,520 --> 00:22:44,520 Speaker 2: don't know until we get there. We don't. But here's 448 00:22:44,520 --> 00:22:48,359 Speaker 2: what I do know. Consumer confidence is down, consumer centiment 449 00:22:48,400 --> 00:22:50,200 Speaker 2: is dropping. We'll talk more about that here in a 450 00:22:50,280 --> 00:22:52,800 Speaker 2: few minutes infect to about seven minutes away from that, 451 00:22:53,240 --> 00:22:59,359 Speaker 2: let'll talk about consumer sentiment is dropping. Even the White 452 00:22:59,400 --> 00:23:03,160 Speaker 2: House is said that a number of states have shown 453 00:23:03,160 --> 00:23:05,959 Speaker 2: indications that they're probably in a recession. They say, well, 454 00:23:05,960 --> 00:23:08,120 Speaker 2: the country's not in a recession, of course. The President says, 455 00:23:08,240 --> 00:23:10,360 Speaker 2: gas is two dollars again, and no one's ever seen 456 00:23:10,359 --> 00:23:12,720 Speaker 2: two dollars again before, but gases two dollars again. The 457 00:23:14,280 --> 00:23:17,600 Speaker 2: obviously it's not. So there's some delusional speaking on that 458 00:23:17,680 --> 00:23:25,240 Speaker 2: end too. But if consumer confidence is shaky, and if 459 00:23:25,320 --> 00:23:28,399 Speaker 2: you've got retailers they're starting their Black Friday sales now, 460 00:23:28,640 --> 00:23:31,680 Speaker 2: which they are, because I'm already seeing things on oh 461 00:23:31,760 --> 00:23:33,480 Speaker 2: find out. In fact, I was just on Best Buys 462 00:23:33,560 --> 00:23:37,920 Speaker 2: website earlier tonight and it said shop early Black Friday sales, 463 00:23:38,440 --> 00:23:41,399 Speaker 2: So it's already happening. So if they're already cutting costs 464 00:23:41,400 --> 00:23:45,040 Speaker 2: on things, how is it that we're spending a trillion dollars? 465 00:23:46,200 --> 00:23:51,960 Speaker 2: Those things don't seem to jibe unless unless you start 466 00:23:51,960 --> 00:23:57,040 Speaker 2: thinking beyond the surface numbers, which fortunately for all of us, 467 00:23:59,080 --> 00:24:00,920 Speaker 2: I paid someone else make it look like I did. 468 00:24:01,680 --> 00:24:03,960 Speaker 2: And I'll tell you what. I definitely came up with 469 00:24:04,200 --> 00:24:06,840 Speaker 2: all on my own and not because I had an 470 00:24:06,880 --> 00:24:09,000 Speaker 2: outstanding producer who did a lot of work for me. 471 00:24:09,200 --> 00:24:10,480 Speaker 2: Thanks Nikky. That's next. 472 00:24:10,560 --> 00:24:15,120 Speaker 1: Chris Merrild, you're listening to KFI AM sixty on demand. 473 00:24:15,080 --> 00:24:17,120 Speaker 2: The super time in my life. I just I love 474 00:24:17,240 --> 00:24:19,640 Speaker 2: talking with you. It makes me feel good. I love 475 00:24:19,680 --> 00:24:22,160 Speaker 2: it when you hit that talkback button on the iHeartRadio app. 476 00:24:22,160 --> 00:24:24,960 Speaker 2: And you know you contribute to the show like this guy. 477 00:24:25,680 --> 00:24:30,280 Speaker 9: Wow, Chris, always complaining. I mean, I know you get 478 00:24:30,280 --> 00:24:38,159 Speaker 9: paid to complain. I get it, but please, you're wiser net. Okay, 479 00:24:38,880 --> 00:24:43,600 Speaker 9: calm down. This is your buddy, Dom. 480 00:24:44,400 --> 00:24:45,640 Speaker 2: Hey, Dom, can I pet your dog? 481 00:24:46,520 --> 00:24:47,879 Speaker 9: Un there next door to a cannel? 482 00:24:55,880 --> 00:24:59,200 Speaker 2: He sounds pretty calm. They took a weird turn, didn't it. 483 00:25:00,000 --> 00:25:02,520 Speaker 2: I mean, he's he's complaining about me complaining, which of 484 00:25:02,520 --> 00:25:05,560 Speaker 2: course is ironic. But then you just hear dogs barking, 485 00:25:05,600 --> 00:25:07,680 Speaker 2: and I think it's gonna be my new bit. Every 486 00:25:07,720 --> 00:25:09,320 Speaker 2: time I hear a dog barking in the background, I'm 487 00:25:09,320 --> 00:25:11,280 Speaker 2: just gonna say, can I pet your dog? But it 488 00:25:11,280 --> 00:25:15,160 Speaker 2: makes us weird journey. He's like, it's he acknowledges the noises, 489 00:25:15,200 --> 00:25:18,600 Speaker 2: like I live next to a cannel cool don thanks, man, 490 00:25:18,760 --> 00:25:21,480 Speaker 2: appreciate it. All right, I'll tell you what I'll do this. 491 00:25:22,480 --> 00:25:26,159 Speaker 2: I will tell you this next story without complaining. I 492 00:25:26,200 --> 00:25:28,879 Speaker 2: will do this on a cheery note. In fact, before 493 00:25:28,920 --> 00:25:34,119 Speaker 2: we started the show, Mark asked me very specifically, Uh, 494 00:25:34,160 --> 00:25:36,520 Speaker 2: do you have lots of fun planned for tonight? 495 00:25:37,560 --> 00:25:42,600 Speaker 10: So well, tone comes across differently on the messaging system 496 00:25:42,680 --> 00:25:44,400 Speaker 10: then than when we're actually speaking. 497 00:25:44,600 --> 00:25:48,840 Speaker 2: Yeah, so yes, let's have some fun. Okay. From the 498 00:25:48,960 --> 00:25:52,720 Speaker 2: La Times, consumer sentiment drops to a three year low 499 00:25:52,760 --> 00:25:55,800 Speaker 2: amid government shutdown. Oh it's not fun about that? Yeah, 500 00:25:56,040 --> 00:25:58,840 Speaker 2: we got that going for us, all right, good news. 501 00:25:58,880 --> 00:26:01,480 Speaker 2: Consumer sentiment drop to a three year low, close to 502 00:26:01,520 --> 00:26:04,479 Speaker 2: the lowest point ever recorded by the University of Michigan. 503 00:26:04,520 --> 00:26:07,800 Speaker 2: One month into the government shutdowns, with pessimism over personal 504 00:26:07,800 --> 00:26:12,720 Speaker 2: finances and anticipated business conditions weighing on Americans. I gotta 505 00:26:12,760 --> 00:26:15,439 Speaker 2: tell you that this makes me feel happy. And when 506 00:26:15,520 --> 00:26:21,240 Speaker 2: I hear about these things, I think that's good. That's 507 00:26:21,280 --> 00:26:23,359 Speaker 2: the way I like to end my week. Right there, 508 00:26:23,760 --> 00:26:27,080 Speaker 2: good news, that's just great news. Consumer sentiment out of 509 00:26:27,080 --> 00:26:28,840 Speaker 2: the University of Michigan, thank you very much. 510 00:26:30,200 --> 00:26:41,080 Speaker 11: Way this economy's suns and my Christmas is really. 511 00:26:46,800 --> 00:26:49,640 Speaker 2: Well. Let's build on this. Then there's good news. Then 512 00:26:50,600 --> 00:26:53,359 Speaker 2: a record breaking trillion dollars in holiday sales, as we 513 00:26:53,400 --> 00:26:55,280 Speaker 2: mentioned in the last segment. And my question is if 514 00:26:55,320 --> 00:27:06,560 Speaker 2: consumer sentiment has dropped to a three year low, right then, 515 00:27:07,359 --> 00:27:09,920 Speaker 2: why how is it We've got low consumer sentiment, We've 516 00:27:09,920 --> 00:27:12,359 Speaker 2: got fears over the government shutdown, We've got worries about 517 00:27:12,400 --> 00:27:16,920 Speaker 2: the economy moving forward. Why are we How is spending up? 518 00:27:17,720 --> 00:27:20,159 Speaker 2: I told you two months ago that Wells Fargo the 519 00:27:20,200 --> 00:27:24,480 Speaker 2: analysis the analyst excuse me, said they expected holiday spending 520 00:27:24,480 --> 00:27:29,119 Speaker 2: to drop. But now National Retail Federation is expecting a 521 00:27:29,160 --> 00:27:31,760 Speaker 2: trillion dollars? How does that happen? And I think it 522 00:27:31,840 --> 00:27:36,439 Speaker 2: makes sense. I think there's psychology to this. I had 523 00:27:36,440 --> 00:27:38,159 Speaker 2: somebody send me an email earlier, and they said, will 524 00:27:38,160 --> 00:27:41,359 Speaker 2: you tell stories about your wife? Because I love hearing 525 00:27:41,359 --> 00:27:44,040 Speaker 2: stories about your wife, And I said, I will try. 526 00:27:44,160 --> 00:27:46,920 Speaker 2: So here's my story about my wife that I think 527 00:27:47,000 --> 00:27:53,720 Speaker 2: relates very very well with this. So actually there's two 528 00:27:53,760 --> 00:27:56,560 Speaker 2: stories about my wife. So my wife and I had 529 00:27:56,600 --> 00:27:59,720 Speaker 2: been married, I don't know, a year or two, and we 530 00:27:59,720 --> 00:28:03,119 Speaker 2: were out with friends and we were not getting along. 531 00:28:03,160 --> 00:28:06,800 Speaker 2: We were at each other and I was tired. I 532 00:28:06,800 --> 00:28:09,359 Speaker 2: had been working, and she was, you're cranky, you getting 533 00:28:09,520 --> 00:28:13,720 Speaker 2: I don't whatever, you know, nagging at me. So what 534 00:28:13,880 --> 00:28:16,600 Speaker 2: she does, I can't nagger her. That's not a lot. 535 00:28:16,960 --> 00:28:18,840 Speaker 2: She nags at me. She tells me, you're ruining my 536 00:28:19,080 --> 00:28:21,520 Speaker 2: You're trying to ruin my good time. And I said, 537 00:28:21,800 --> 00:28:24,600 Speaker 2: I don't want to deal with you. And I said, 538 00:28:24,800 --> 00:28:26,159 Speaker 2: I just want to go home. She goes, well, you 539 00:28:26,200 --> 00:28:29,080 Speaker 2: go home. I'm going to stay out with friends. I'll 540 00:28:29,080 --> 00:28:33,720 Speaker 2: just get a ride somewhere else. And I said, fine, Mark, 541 00:28:33,720 --> 00:28:35,080 Speaker 2: you ever have any fun arguments like that? 542 00:28:35,160 --> 00:28:38,480 Speaker 10: When I want no part of this discussion whatsoever. You're 543 00:28:38,480 --> 00:28:39,880 Speaker 10: on your own one hundred percent. 544 00:28:40,280 --> 00:28:41,920 Speaker 2: My wife and I have been together twenty one years 545 00:28:42,000 --> 00:28:46,160 Speaker 2: and and I'm and I could not be happier that 546 00:28:46,240 --> 00:28:48,320 Speaker 2: we have fought through those tough times. But I can 547 00:28:48,320 --> 00:28:50,760 Speaker 2: tell there have been some really hard times. And anybody 548 00:28:50,800 --> 00:28:53,600 Speaker 2: that's been married knows there there are hard times. And 549 00:28:53,640 --> 00:28:55,880 Speaker 2: this was this was a this is just a run 550 00:28:55,880 --> 00:28:58,760 Speaker 2: of the mill fight that we had. But I said 551 00:28:58,800 --> 00:29:03,440 Speaker 2: fine and I left. Did I go home? Of course not? 552 00:29:03,800 --> 00:29:06,200 Speaker 2: Of course not. Do you know where I went? 553 00:29:06,360 --> 00:29:09,600 Speaker 10: Well, let's see my guesses are as follows a bar 554 00:29:10,360 --> 00:29:11,160 Speaker 10: or a strip club. 555 00:29:11,200 --> 00:29:13,200 Speaker 2: I left the bar. I did not go to the 556 00:29:13,200 --> 00:29:15,960 Speaker 2: strip club. I went to the next best thing for me, 557 00:29:16,600 --> 00:29:21,280 Speaker 2: best Buy, and I bought a brand new Blu ray player. 558 00:29:21,840 --> 00:29:24,400 Speaker 2: That not a show her. Yeah, this is like seven 559 00:29:24,440 --> 00:29:26,240 Speaker 2: o eight, I think when when we had this fight 560 00:29:26,560 --> 00:29:28,840 Speaker 2: and I went, I got a new Blue ray player. 561 00:29:28,840 --> 00:29:30,920 Speaker 2: I was like, you know what I'm doing a blue 562 00:29:31,000 --> 00:29:32,920 Speaker 2: ray player? And I went, I got a Blue ray player. 563 00:29:32,960 --> 00:29:35,800 Speaker 2: And when she got home, I was watching a movie 564 00:29:35,840 --> 00:29:38,320 Speaker 2: on the brand new blue What is that? I said, 565 00:29:38,360 --> 00:29:42,760 Speaker 2: you pissed me off? Was it a movie she hated too? No, 566 00:29:42,840 --> 00:29:44,600 Speaker 2: I don't even remember what the movie was. Okay, but 567 00:29:45,320 --> 00:29:47,520 Speaker 2: I said, you pissed me off. She said, So I 568 00:29:47,640 --> 00:29:49,760 Speaker 2: pissed you off and you go spend money, because the 569 00:29:49,800 --> 00:29:51,520 Speaker 2: one thing my wife hates is when I spend money, 570 00:29:51,920 --> 00:29:55,600 Speaker 2: it's it. And I go, yeah, so you want me 571 00:29:55,640 --> 00:29:59,480 Speaker 2: to not spend money, don't piss me off. And I 572 00:29:59,480 --> 00:30:01,360 Speaker 2: will tell you that was not the last time that 573 00:30:01,480 --> 00:30:04,560 Speaker 2: she pissed me off, nor was it the last time 574 00:30:04,560 --> 00:30:08,120 Speaker 2: that I pissed her off. But what did I do 575 00:30:08,240 --> 00:30:10,720 Speaker 2: when I was upset? I went and I spent money 576 00:30:10,720 --> 00:30:13,080 Speaker 2: on crap, right. And I think what we have going 577 00:30:13,120 --> 00:30:15,080 Speaker 2: on right now is that there's a lot of insecurity. 578 00:30:15,120 --> 00:30:17,080 Speaker 2: I also think there's a bit of doom spending happening, 579 00:30:17,080 --> 00:30:18,920 Speaker 2: where they go, well, if this economy takes a crap 580 00:30:18,960 --> 00:30:20,920 Speaker 2: or if I lose my job, at least I'm gonna 581 00:30:20,920 --> 00:30:22,880 Speaker 2: have a merry Christmas. So I think there's a little 582 00:30:22,920 --> 00:30:24,200 Speaker 2: bit of this. I have a buddy that was telling 583 00:30:24,200 --> 00:30:26,960 Speaker 2: me today. He was reflecting back and he said, uh oh, 584 00:30:27,000 --> 00:30:30,960 Speaker 2: they're they're scheduling meetings via zoom at work, and they're 585 00:30:30,960 --> 00:30:32,480 Speaker 2: just putting them on the calendar and they're not putting 586 00:30:32,480 --> 00:30:35,680 Speaker 2: a subject on the meetings. Uh oh. And he said, 587 00:30:35,960 --> 00:30:37,880 Speaker 2: he goes, I look back at my calendar last year 588 00:30:37,880 --> 00:30:40,680 Speaker 2: when they did all the laughs, it was November eighth, 589 00:30:40,960 --> 00:30:43,959 Speaker 2: well if it is November seventh, right, So he was concerned. 590 00:30:43,960 --> 00:30:45,320 Speaker 2: I reached out to him this morning and I said, 591 00:30:45,360 --> 00:30:47,120 Speaker 2: you know, did you have your meetings or whatever? He said, no, 592 00:30:48,000 --> 00:30:51,680 Speaker 2: they were they're overseas and they have to come back. 593 00:30:51,720 --> 00:30:53,880 Speaker 2: So they they're going to do all the meetings next Friday. 594 00:30:53,920 --> 00:30:57,280 Speaker 2: And I thought, oh, they're firing people. And my buddy's 595 00:30:57,320 --> 00:30:58,800 Speaker 2: been looking for a job for a while and he's 596 00:30:58,800 --> 00:31:00,560 Speaker 2: having try he's an Orange County right now, and he's 597 00:31:01,000 --> 00:31:03,640 Speaker 2: he's he's been having trouble finding something else. He applies 598 00:31:03,680 --> 00:31:06,200 Speaker 2: to all these different gigs and and they get back 599 00:31:06,200 --> 00:31:08,440 Speaker 2: to him, and it's not that he's not qualified or 600 00:31:08,440 --> 00:31:10,200 Speaker 2: that he's not a candidate for the job. They get 601 00:31:10,240 --> 00:31:12,480 Speaker 2: back and they say, we've elected not to fill the 602 00:31:12,520 --> 00:31:14,520 Speaker 2: position at this time. So companies are pulling back. I 603 00:31:14,520 --> 00:31:15,760 Speaker 2: think there's a lot of people that are that are 604 00:31:15,800 --> 00:31:18,200 Speaker 2: worried about it. I have another wife story. Here's the 605 00:31:18,240 --> 00:31:20,520 Speaker 2: second wife story that relates to this. Part of the 606 00:31:20,560 --> 00:31:23,280 Speaker 2: reason I think that people are spending more money even 607 00:31:23,320 --> 00:31:28,880 Speaker 2: though they're worried, and that is that this this is 608 00:31:28,880 --> 00:31:31,200 Speaker 2: my first marriage and hopefully my last, because I don't 609 00:31:31,200 --> 00:31:32,960 Speaker 2: want to do it again. It's been a pain, and 610 00:31:33,000 --> 00:31:35,080 Speaker 2: they asked the first time R. So I don't want 611 00:31:35,080 --> 00:31:36,840 Speaker 2: to go through all this crap again. But it's my 612 00:31:36,880 --> 00:31:39,120 Speaker 2: wife's second marriage. She didn't learn her lesson the first time. 613 00:31:40,480 --> 00:31:45,480 Speaker 2: And ironically, my wife was married to a guy named Jones. 614 00:31:46,480 --> 00:31:49,160 Speaker 2: So my entire marriage, I've been trying to keep up 615 00:31:49,160 --> 00:31:53,560 Speaker 2: with the Joneses because my kids are his kids, right, 616 00:31:53,560 --> 00:31:56,520 Speaker 2: they're my step kids, and so there's always like this, 617 00:31:57,480 --> 00:32:02,400 Speaker 2: who's doing better, who's and he's He's always fishing for inform. 618 00:32:02,640 --> 00:32:05,680 Speaker 2: What's he doing now? What's Chris doing now? What's happening now? 619 00:32:05,800 --> 00:32:08,440 Speaker 2: So my entire marriage has been trying to keep up 620 00:32:08,440 --> 00:32:10,920 Speaker 2: with the Joneses, which, of course is ironic because I 621 00:32:10,920 --> 00:32:12,560 Speaker 2: think that's one of the reasons that people are spending 622 00:32:12,560 --> 00:32:14,440 Speaker 2: money this holiday season is that they see that there 623 00:32:14,440 --> 00:32:16,680 Speaker 2: are neighbors who are doing okay, that are that do 624 00:32:16,720 --> 00:32:19,600 Speaker 2: have some job security, that are not worried about things, 625 00:32:19,600 --> 00:32:21,280 Speaker 2: and they are spending more money, as you heard from 626 00:32:21,280 --> 00:32:23,440 Speaker 2: a number of our reports in the last segment, especially 627 00:32:23,480 --> 00:32:25,880 Speaker 2: the boomers are spending they say five percent more this year. 628 00:32:26,120 --> 00:32:27,640 Speaker 2: And I think there's this element of I got to 629 00:32:27,720 --> 00:32:29,920 Speaker 2: keep up, I got to keep up with the neighbors. 630 00:32:29,920 --> 00:32:32,480 Speaker 2: I got to make sure my kids have a presence 631 00:32:33,160 --> 00:32:34,760 Speaker 2: stacked to the ceiling, because what if they go to 632 00:32:34,760 --> 00:32:36,400 Speaker 2: school and they don't have as many presents as the 633 00:32:36,480 --> 00:32:40,360 Speaker 2: other kids. So I think there are some societal parental expectations. 634 00:32:40,400 --> 00:32:43,120 Speaker 2: I think there is some some peer pressure. I got 635 00:32:43,160 --> 00:32:45,320 Speaker 2: to keep up with the Joneses, even if it's my 636 00:32:45,320 --> 00:32:49,120 Speaker 2: wife's ex or. I believe that there's some retail therapy 637 00:32:49,160 --> 00:32:51,560 Speaker 2: going on, and I think that can explain why we 638 00:32:51,640 --> 00:32:55,120 Speaker 2: have consumer sentiment is dropping, but spending is up. 639 00:32:55,560 --> 00:32:57,800 Speaker 10: Do you think there also might be an element of out? 640 00:32:57,800 --> 00:32:59,600 Speaker 10: We're all host anyway, so just screw it. 641 00:32:59,720 --> 00:33:02,600 Speaker 2: Yeah, that's it. I think it's doom spending. I think 642 00:33:02,600 --> 00:33:05,200 Speaker 2: there's some fatalism in all of it. Yep. And that's 643 00:33:05,200 --> 00:33:06,760 Speaker 2: why I was telling you about my buddy who's just like, 644 00:33:06,840 --> 00:33:08,760 Speaker 2: the job is just not It doesn't look like he's 645 00:33:08,760 --> 00:33:10,800 Speaker 2: gonna have a job. But you know what he did. 646 00:33:10,960 --> 00:33:13,120 Speaker 2: He went out and he bought a new two hundred 647 00:33:13,120 --> 00:33:15,360 Speaker 2: dollars watch and a seven hundred dollars Gucci wallet. He 648 00:33:15,400 --> 00:33:18,520 Speaker 2: was sending me pictures and I thought, you idiot, you're 649 00:33:18,520 --> 00:33:20,280 Speaker 2: worried about losing your job On Friday, and you just 650 00:33:20,280 --> 00:33:24,320 Speaker 2: spent nine hundred dollars on clothing accessories. And I told 651 00:33:24,400 --> 00:33:28,960 Speaker 2: him you should have gotten at a team. Hollywood's biggest studio, 652 00:33:28,960 --> 00:33:32,920 Speaker 2: by the way, is also looking for a Christmas present. 653 00:33:33,400 --> 00:33:36,880 Speaker 2: The bidders are lining up, and so by the time 654 00:33:36,920 --> 00:33:40,440 Speaker 2: Santa slides down the chimney, will Warner Brothers be split, 655 00:33:40,560 --> 00:33:44,000 Speaker 2: sold or swallowed whole? Almost sounds like a Zieman's commercial. 656 00:33:44,280 --> 00:33:47,080 Speaker 2: Who's mounting their attack? That's next? Chris Merril k I 657 00:33:47,120 --> 00:33:49,160 Speaker 2: AM six forty werelive everywhere on the iHeartRadio 658 00:33:49,160 --> 00:33:56,280 Speaker 1: App, KFI AM six on demand