WEBVTT - Scott Sloan -- 12/23/25 

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<v Speaker 1>Do you want to be an American flunny back on

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<v Speaker 1>seven hundred WLW nine and ten Americans mind and ten

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<v Speaker 1>of us are concerned about memory loss and the decline

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<v Speaker 1>in brain function as we age.

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<v Speaker 2>The older we get, we see things at previous generations

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<v Speaker 2>that didn't live as long, they never had to deal

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<v Speaker 2>with these things we do. And in the two hundred

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<v Speaker 2>years five hundred years from God only knows what malady's

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<v Speaker 2>we're gonna face. But there's a concern over age related

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<v Speaker 2>memory loss because as we get older, certainly are our

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<v Speaker 2>minds change, and then there's disease. So what is normal

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<v Speaker 2>and what is not? What is normal brain agent? What

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<v Speaker 2>is some sort of neurodegenerative disease? And that's what we

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<v Speaker 2>worry about. This is what keeps us up at night.

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<v Speaker 2>Doctor Mada fi Messetti is the vice chair of the

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<v Speaker 2>McKnight Brain Research Foundation studies these things.

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<v Speaker 3>Doctor.

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<v Speaker 4>Good morning, Good morning, Scott, it's great to be on

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<v Speaker 4>the show.

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<v Speaker 3>Thank you so much.

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<v Speaker 2>I think, first of all, the idea our brains are

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<v Speaker 2>just limitless pots of things that take in a limitless sponges.

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<v Speaker 2>I guess we get just absorb all as information all

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<v Speaker 2>the time coming at us. And we got all this junk.

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<v Speaker 2>Like I think, like, for example, you know some sort

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<v Speaker 2>of temporary password that's that that that's in our head

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<v Speaker 2>short term, or try to remember a phone number when

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<v Speaker 2>it's all on our phone to begin with, and you

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<v Speaker 2>can go, I can't remember that. It's because we're not

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<v Speaker 2>really designed to carry that much information, right, I mean,

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<v Speaker 2>that's my understanding the human mind is it's kind of

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<v Speaker 2>like a temporary thing on the stuff we use the most,

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<v Speaker 2>that gets pushed to the forefront, but generally we get

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<v Speaker 2>all this information that's disposable.

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<v Speaker 4>I think, I think you're partly right. I think it's

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<v Speaker 4>important to understand here that the brain, like any other

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<v Speaker 4>part of the body, is also aging. You know, from

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<v Speaker 4>the time that we are born and what you've described

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<v Speaker 4>some of the typical symptoms of an aging brain, And

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<v Speaker 4>just like any other part of the body, we age differently,

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<v Speaker 4>we age in distinct ways, but we all understand that

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<v Speaker 4>as we grow older there are certain changes in our

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<v Speaker 4>mental abilities in.

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<v Speaker 5>Certain cognitive.

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<v Speaker 4>Certain skills, and certain abilities improve as we grow older,

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<v Speaker 4>such as wisdom and vocabulary and judgment. Certain other faculties decline.

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<v Speaker 4>Some of the examples that you've mentioned are exactly that.

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<v Speaker 4>We find it more difficult to learn and remember new information,

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<v Speaker 4>We find it more difficult to pay attention to multiple tasks.

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<v Speaker 4>At the same time, there might be more problems in

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<v Speaker 4>the speed at which we make decisions. So the important

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<v Speaker 4>thing to understand here is that these changes are to

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<v Speaker 4>be expected as a part of what we call normal

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<v Speaker 4>cognitive aging. They are not to be feared. They're not

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<v Speaker 4>in and of themselves signs of a disease. And so

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<v Speaker 4>what the MECH Brain Research Foundation is focused on is

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<v Speaker 4>to try and help people understand what changes to expect

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<v Speaker 4>as they grow older, as well as to provide them

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<v Speaker 4>with all the resources they need to try and put

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<v Speaker 4>in place lifestyle changes, put in place behaviors that can

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<v Speaker 4>ensure that they protect their brains in health as they

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<v Speaker 4>grow older.

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<v Speaker 2>Yeah, and unfortunately, as we go older, we see diseases

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<v Speaker 2>that we never saw before, or maybe they did, and

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<v Speaker 2>they just it's more widespread.

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<v Speaker 3>It's not like an epidemic.

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<v Speaker 2>It's just when you live till you're eighty ninety plus,

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<v Speaker 2>you're going to see things, especially age related that appear physically.

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<v Speaker 2>But also between those years of yours, you know, I

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<v Speaker 2>think of our good friend or dear friend Jim Scott

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<v Speaker 2>who has als, and I think of people who are

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<v Speaker 2>older and dementia and all of these horrible illnesses that

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<v Speaker 2>they have that we were let and see a couple generations.

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<v Speaker 3>Go as much.

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<v Speaker 6>That's true.

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<v Speaker 4>Neurodegenerative diseases are a completely different topic altogether, because those

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<v Speaker 4>are diseases. Those are conditions that arise predominantly from a degenerative,

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<v Speaker 4>usually progressive condition of the brain. Alis is one of

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<v Speaker 4>the classic examples of a neurodegenerative disease. But I think

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<v Speaker 4>what is important here to understand is that those neurodigenitive

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<v Speaker 4>diseases have captured a lot of our attention. They get

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<v Speaker 4>most of the research funding. This is what patients are

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<v Speaker 4>concerned about when they visit their physicians. But what has

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<v Speaker 4>remained a little less, what has received a little less attention,

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<v Speaker 4>is what changes to expect your normal aging. You know,

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<v Speaker 4>that is something that all of us would experience, unlike

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<v Speaker 4>you know, the minority of us who may experience a

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<v Speaker 4>neurodegenerative disease. So I think we haven't focused enough attention

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<v Speaker 4>yet on a full understanding of what normal cognitive aging is.

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<v Speaker 4>And so I think this is a great opportunity through

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<v Speaker 4>the Magnet Brain re Search Foundation to bring that awareness

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<v Speaker 4>to large numbers of people.

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<v Speaker 2>Makes sense, And I'm going to get into some of

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<v Speaker 2>these points you're making right now, Doctor, I'm out of

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<v Speaker 2>Tambasetti is if I share the McKnight Brain Research Foundation.

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<v Speaker 2>I'm talking about the difference between normal brain aging and

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<v Speaker 2>what is a neurodegenerat disease. Because you know, if you forget,

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<v Speaker 2>I don't know what exit you're getting off. Go crap,

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<v Speaker 2>I was supposed to get off there. It doesn't mean

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<v Speaker 2>that you have Alzheimer's. It just you may be getting

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<v Speaker 2>older and your brain is so packed with other information

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<v Speaker 2>something has to go. This shoe box is only so

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<v Speaker 2>full that that is your brain. I could also talk

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<v Speaker 2>about politics here too, where we have people who have

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<v Speaker 2>are making big, big decisions to the highest levels of

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<v Speaker 2>our government who are so older, incompetent. I'll just leave

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<v Speaker 2>that as an open ended question.

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<v Speaker 4>So I think you know, the larger point that is

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<v Speaker 4>to be made here in this context is that it's

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<v Speaker 4>both I think a little unprofessional as well as you know,

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<v Speaker 4>unethical to try and make diagnoses on people that the

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<v Speaker 4>position hasn't personally seen interviewed or examined. But I think

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<v Speaker 4>what this gives us a great opportunity to talk about

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<v Speaker 4>is what changes to expect as people grow older in

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<v Speaker 4>terms of their abilities. Whether it's candidate is running for presidents,

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<v Speaker 4>whether it's a radio radio host, whether it is a

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<v Speaker 4>position like myself, We're all going to experience changes as

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<v Speaker 4>we grow older. So I think this is a fantastic

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<v Speaker 4>opportunity for us while this topic is in the public domain,

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<v Speaker 4>while people are talking about these candidates, where people are

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<v Speaker 4>talking about what it means to lose some abilities as

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<v Speaker 4>you grow older, I think it's a great opportunity for

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<v Speaker 4>us to step back and try and see how much

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<v Speaker 4>we know about normal age related memory changes and what

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<v Speaker 4>we can do to day to try and preserve brain

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<v Speaker 4>health as we all age.

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<v Speaker 2>Yes, And I think that's an important facet here too.

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<v Speaker 2>You're really saying that, you know, when you're in your eighties,

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<v Speaker 2>in your here, maybe in your thirties, forties or fifties,

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<v Speaker 2>you look at it, Wow, is that what I have

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<v Speaker 2>to look forward to?

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<v Speaker 3>Or is that an outlier?

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<v Speaker 2>With both of those gentlemen, you know, and I think

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<v Speaker 2>like when as much speaking as they do, also sometimes

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<v Speaker 2>you can only remember the first letter of something. You

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<v Speaker 2>can flight you confuse names. You know, I'm trying to

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<v Speaker 2>think of Frank and I keep saying Fred or whatever

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<v Speaker 2>it might be.

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<v Speaker 3>Is that pretty.

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<v Speaker 2>Common as you get older and you you just have

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<v Speaker 2>that whole and you know, the whole tip of the

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<v Speaker 2>tongue phenomenon for example, where you you know the information

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<v Speaker 2>is there, you just can't pull it out.

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<v Speaker 4>That's a great point. I think what you've described is

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<v Speaker 4>what we would call, you know, benign age related cognitive changes.

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<v Speaker 4>Occasionally forgetting a name, struggling to find the right word

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<v Speaker 4>at times, maybe even occasionally forgetting a bill payment. I

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<v Speaker 4>think all of these changes would come under the term

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<v Speaker 4>of normal age related memory decline. It's when these changes

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<v Speaker 4>become much more severe, they become much more frequent, and

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<v Speaker 4>they clearly started affecting an individual's independence and individual's ability

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<v Speaker 4>to carry out the normal activities of daily living. That's

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<v Speaker 4>when these changes might signal something a little bit more

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<v Speaker 4>concerning and something that might require more detailed medical evaluation

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<v Speaker 4>to make a diagnosis. But those more severe changes are

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<v Speaker 4>not what we're focused on today. We're trying to understand

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<v Speaker 4>the relatively benign changes that may also be a concern

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<v Speaker 4>to people and to try and empower them with all

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<v Speaker 4>the inflammation they need to try and put in place

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<v Speaker 4>behaviors today that might enable them to grow older with

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<v Speaker 4>preserved cognitive function.

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<v Speaker 3>Yeah, okay, so what are the dos and don'ts of this?

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<v Speaker 2>Obviously, diet, exercise, sleep has got to be a big

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<v Speaker 2>factor here.

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<v Speaker 3>That's going to be important.

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<v Speaker 2>A memory, which is why if you take a little nap,

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<v Speaker 2>you know, you feel a lot better. That brain fog

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<v Speaker 2>kind of goes away for a little bit.

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<v Speaker 4>I think you've raised you know, very very good points.

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<v Speaker 4>The biggest factors today that we can put our finger

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<v Speaker 4>on in terms of preserving brain health is understanding that

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<v Speaker 4>a healthy heart goes together with a healthy brain. And

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<v Speaker 4>so one of the most important factors that we know

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<v Speaker 4>preserves brain health or may slow down memory loss as

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<v Speaker 4>we grow older is to try and make sure that

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<v Speaker 4>your blood pressure.

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<v Speaker 5>Is under good control.

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<v Speaker 4>Get screened for blood pressure, Understand what your blood presure

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<v Speaker 4>numbers mean, make sure that your position is able to

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<v Speaker 4>speak to you, assess your blood pressure, and if your

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<v Speaker 4>blood pressure needs to be brought down the medication or

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<v Speaker 4>by behaviors such as eating a healthier diet, exercising more regularly.

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<v Speaker 4>That's something that you can proactively do today to try

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<v Speaker 4>and preserve brain health as we grow older. And then

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<v Speaker 4>many of the other behaviors that you mentioned are exactly

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<v Speaker 4>what you know now I get a chance to talk

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<v Speaker 4>about as a position with my own patients. Regular exercise,

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<v Speaker 4>being physically active, saying socially engaged, eating a heart healthy diet.

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<v Speaker 4>All of these we know preserve brain health. Limiting alcohol

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<v Speaker 4>intake as well. If you're a smoker, it's never too

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<v Speaker 4>late to stop smoking and preserve brain health through preserved

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<v Speaker 4>heart health. So these are all examples of behaviors that

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<v Speaker 4>we can put in place today to try and ensure

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<v Speaker 4>that we preserve brain functions to the maximum capacity as

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<v Speaker 4>we grow older.

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<v Speaker 2>Doctor, how does stress interfere with all this stuff? I

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<v Speaker 2>guess in my mind, there's a lot of complex effects

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<v Speaker 2>that it has. Right, if you have a lot of stress,

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<v Speaker 2>it's interesting how your brain works. It has have a

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<v Speaker 2>long term effect on your memory in this kind of

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<v Speaker 2>cognitive decline we're talking about.

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<v Speaker 4>So there's experimental evidence that chronic stress, the stress over

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<v Speaker 4>a prolonged period of time, can in use changes in

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<v Speaker 4>the brain that may not be protected that they might

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<v Speaker 4>in and of themselves, cause changes in your memory function,

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<v Speaker 4>changes in your ability to do certain cognitive tasks. We

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<v Speaker 4>don't fully understand exactly how this might work, but we

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<v Speaker 4>think there's some evidence that certain neurotransmitters can get released

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<v Speaker 4>in the brain as a result of chronic stress, and

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<v Speaker 4>that this imbalance in certain neurotransmitter levels in the brain

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<v Speaker 4>can trigger these long term harmful effects in the brain.

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<v Speaker 4>It's also important in this context to understand the effect

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<v Speaker 4>that factors like loneliness play. And we've just come off

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<v Speaker 4>of a long pandemic that has taken a toll on

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<v Speaker 4>our ability to socialize, to stay engaged with friends and family,

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<v Speaker 4>and we are beginning to recognize that these changes, including

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<v Speaker 4>loneliness and stress, might have a disproportionate impact on older individuals.

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<v Speaker 4>So that's another factor to bear in mind when we

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<v Speaker 4>try and factor in stress, loneliness, depression, and low mood

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<v Speaker 4>as risk factors for poor cognitive in poor cognitive performance

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<v Speaker 4>as we grow older.

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<v Speaker 3>Yeah, and that makes sense too.

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<v Speaker 2>And I think that stress certainly is toxic to your body,

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<v Speaker 2>but especially your brain. But I think also the society

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<v Speaker 2>and the times in which we live We're interrupted at

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<v Speaker 2>all times, and that's just a reality of modern life.

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<v Speaker 2>I mean, your phones are going off, people are talking

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<v Speaker 2>to you, kids crying, somebody's having a conversation with you.

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<v Speaker 2>You start daydreaming, is interrupting yourself basically, and then when

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<v Speaker 2>we forget stuff, we think, oh my god, I'm in

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<v Speaker 2>cognitive decline, I have some sort of neurodegenerative disease, when

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<v Speaker 2>in fact, it's just modern society messing with our brains.

0:11:43.440 --> 0:11:45.600
<v Speaker 4>That's a good point, and I think that's all the

0:11:45.600 --> 0:11:47.560
<v Speaker 4>more reason why, you know, we need to make time

0:11:47.600 --> 0:11:52.720
<v Speaker 4>for ourselves, have opportunities for rest and relaxation, to try

0:11:52.720 --> 0:11:55.200
<v Speaker 4>and get an adequate night's sleep. I think all of

0:11:55.240 --> 0:11:59.480
<v Speaker 4>these factors play into controlling stress and doing as much

0:11:59.520 --> 0:12:01.640
<v Speaker 4>as you can to make a positive impact on your

0:12:01.640 --> 0:12:02.880
<v Speaker 4>brain health as you age.

0:12:03.360 --> 0:12:07.040
<v Speaker 2>Yeah, and yeah, talking about what is normal and abnormal

0:12:07.040 --> 0:12:09.199
<v Speaker 2>when it comes to aging and your brain, because we

0:12:09.240 --> 0:12:11.640
<v Speaker 2>all think we have some sort of incurable disease and

0:12:11.960 --> 0:12:14.080
<v Speaker 2>it's our biggest fear, and so you're kind of looking

0:12:14.160 --> 0:12:16.280
<v Speaker 2>for it. You think it's out there lurking, when in

0:12:16.320 --> 0:12:18.960
<v Speaker 2>fact it's it's not as common as you would think.

0:12:19.720 --> 0:12:22.400
<v Speaker 2>And also we're living longer too, when I hear all

0:12:22.440 --> 0:12:24.160
<v Speaker 2>these things and go, all right, well, what's what's right?

0:12:24.200 --> 0:12:26.320
<v Speaker 3>What's normal? What about brain fog? Does that mean I

0:12:26.360 --> 0:12:27.160
<v Speaker 3>have you? Mentally?

0:12:27.360 --> 0:12:29.800
<v Speaker 2>I got I have brain fog today. I've got some

0:12:29.840 --> 0:12:32.360
<v Speaker 2>brain fog going right now, largely because I eat ham

0:12:32.440 --> 0:12:34.559
<v Speaker 2>yesterday and it's full of salt, and my body hates

0:12:34.559 --> 0:12:37.720
<v Speaker 2>me right now, and uh, I hate food. I normally

0:12:37.800 --> 0:12:40.319
<v Speaker 2>don't eat, so I'm miserable. And well, that's what's causing

0:12:40.320 --> 0:12:42.640
<v Speaker 2>the brain fog. So if you have chronic brain fog,

0:12:42.880 --> 0:12:44.600
<v Speaker 2>you have it a lot. What can be done about that?

0:12:44.760 --> 0:12:46.200
<v Speaker 2>Or is it just you just accept it?

0:12:46.960 --> 0:12:49.280
<v Speaker 4>So I think the term brain fog means different things

0:12:49.280 --> 0:12:53.839
<v Speaker 4>to different people, And so in general, what I would

0:12:53.840 --> 0:12:56.480
<v Speaker 4>recommend is that if you're concerned about your memory, if

0:12:56.520 --> 0:13:00.160
<v Speaker 4>you think you've had significant changes in your memory, if

0:13:00.160 --> 0:13:03.000
<v Speaker 4>there are skills that you could previously do without effort

0:13:03.080 --> 0:13:06.240
<v Speaker 4>before that you now need extra help. If you're making

0:13:06.280 --> 0:13:11.079
<v Speaker 4>mistakes with tasks that you could routinely accomplish without help before,

0:13:11.400 --> 0:13:14.120
<v Speaker 4>those are all indicators that you might want to speak

0:13:14.120 --> 0:13:17.400
<v Speaker 4>to your healthcare provider and get a complete evaluation. There

0:13:17.440 --> 0:13:20.920
<v Speaker 4>are certain factors that can be easily treated or reversible.

0:13:21.000 --> 0:13:25.480
<v Speaker 4>I've had patients who've had first sleep at night, who've

0:13:25.480 --> 0:13:30.120
<v Speaker 4>had a diagnosis of dementia or mild cognitive impairment, and

0:13:30.200 --> 0:13:33.479
<v Speaker 4>once there's three problems to fix, their memory improves substantially.

0:13:33.800 --> 0:13:38.199
<v Speaker 4>So there are certain reversible factors that might be responsible

0:13:38.200 --> 0:13:41.240
<v Speaker 4>for these memory changes. And again it highlights the need

0:13:41.280 --> 0:13:44.480
<v Speaker 4>for you to be proactive in terms of seeking attention,

0:13:44.559 --> 0:13:47.920
<v Speaker 4>in talking to a healthcare provider, in trying to empower

0:13:47.960 --> 0:13:50.760
<v Speaker 4>yourself with all the resources in terms of information that

0:13:50.840 --> 0:13:53.480
<v Speaker 4>you need to try and understand some of these changes.

0:13:54.080 --> 0:13:57.480
<v Speaker 4>Be concerned when concern is warranted, but otherwise try and

0:13:57.480 --> 0:14:00.320
<v Speaker 4>put in place healthy behaviors that can ensure brain health.

0:14:00.920 --> 0:14:04.679
<v Speaker 2>Finally, doctor, you know, we seel like with EKGs and

0:14:04.760 --> 0:14:08.360
<v Speaker 2>echocardiograms and we get a baseline for your health at

0:14:08.400 --> 0:14:10.760
<v Speaker 2>a younger age. We're getting a baseline. We need a baseline.

0:14:11.440 --> 0:14:13.240
<v Speaker 2>Why don't we do that when it comes to your

0:14:13.280 --> 0:14:14.120
<v Speaker 2>mental acumen?

0:14:15.000 --> 0:14:18.080
<v Speaker 4>Well, I think we should. I think that's the fantastic points.

0:14:18.120 --> 0:14:21.640
<v Speaker 4>I don't think there is ever a good time, there

0:14:21.680 --> 0:14:24.120
<v Speaker 4>is ever a right time. I think every opportunity that

0:14:24.200 --> 0:14:27.480
<v Speaker 4>we get to try and get information, to try and

0:14:27.520 --> 0:14:31.520
<v Speaker 4>speak to a healthcare providers about what changes we expect

0:14:31.600 --> 0:14:33.600
<v Speaker 4>in memory as we grow older. I think all of

0:14:33.600 --> 0:14:37.280
<v Speaker 4>those opportunities are precious opportunities. And I think what you've

0:14:37.360 --> 0:14:40.880
<v Speaker 4>just highlighted is the importance of being proactive, the importance

0:14:40.880 --> 0:14:44.120
<v Speaker 4>of being attentive to these changes in memory as we

0:14:44.200 --> 0:14:48.040
<v Speaker 4>grow older, and to pay attention to behaviors that we

0:14:48.120 --> 0:14:50.320
<v Speaker 4>can implement the day to try and preserve rain health

0:14:50.320 --> 0:14:50.880
<v Speaker 4>as we age.

0:14:50.960 --> 0:14:52.760
<v Speaker 2>Yeah, and also if your spouse or loved one of

0:14:52.800 --> 0:14:54.600
<v Speaker 2>some is to pay attention to their health and if

0:14:54.600 --> 0:14:57.280
<v Speaker 2>something seems off and they're more irritable or something's going on,

0:14:58.280 --> 0:15:00.760
<v Speaker 2>that's that's a red flag for sure. Doctor Amadav the

0:15:00.880 --> 0:15:04.400
<v Speaker 2>Massetti is the vice chair of the McKnight Brain Research

0:15:04.440 --> 0:15:08.080
<v Speaker 2>Foundation nine and ten of is concerned about aging, memory

0:15:08.120 --> 0:15:11.160
<v Speaker 2>loss versus decline and function and what's normal and what's not.

0:15:11.280 --> 0:15:13.720
<v Speaker 2>And hopefully maybe got some useful information there before you

0:15:13.760 --> 0:15:16.400
<v Speaker 2>freak out. Doc, all the best, thanks for joining the show, appreciate.

0:15:16.000 --> 0:15:17.360
<v Speaker 4>It many thanks God News.

0:15:17.480 --> 0:15:19.280
<v Speaker 2>The picture is we wind it down for another year

0:15:19.280 --> 0:15:22.360
<v Speaker 2>on the Scotsland Show seven hundred WLW.

0:15:23.600 --> 0:15:25.640
<v Speaker 3>Willy gives me hope and these days we can all

0:15:25.720 --> 0:15:28.640
<v Speaker 3>use some hope. Willy is here for you, no matter

0:15:28.640 --> 0:15:29.840
<v Speaker 3>how lousy my day is.

0:15:29.960 --> 0:15:31.920
<v Speaker 2>I know I can count on Willie to turn things

0:15:31.960 --> 0:15:34.440
<v Speaker 2>around here to soothe your fears. I wish I could

0:15:34.480 --> 0:15:36.440
<v Speaker 2>find a man just like Willie, like the great.

0:15:36.240 --> 0:15:39.240
<v Speaker 3>American that I am. He uses lots of big words.

0:15:39.240 --> 0:15:41.080
<v Speaker 3>I use lots of big words too. It's almost like

0:15:41.120 --> 0:15:41.640
<v Speaker 3>we're twins.

0:15:41.680 --> 0:15:43.640
<v Speaker 2>All you have to do is listen to me, the

0:15:43.680 --> 0:15:45.240
<v Speaker 2>Great America, Dear Cunningham.

0:15:45.320 --> 0:15:49.720
<v Speaker 3>Today at twelve noon on seven hundred w l W.

0:15:50.400 --> 0:15:52.960
<v Speaker 2>Zerrs Carpet and Edderk Cleaning is bringing the gift of

0:15:53.000 --> 0:15:56.320
<v Speaker 2>clean this season with their holiday sales schedule today and

0:15:56.400 --> 0:16:00.200
<v Speaker 2>get forty bucks per room carpet clean. Seven hundred wlwar

0:16:00.280 --> 0:16:04.240
<v Speaker 2>can spend ready for this one over fourteen thousand dollars

0:16:04.240 --> 0:16:06.920
<v Speaker 2>for every man, woman in child in our fair country

0:16:06.920 --> 0:16:09.640
<v Speaker 2>here on what on healthcare?

0:16:09.680 --> 0:16:10.120
<v Speaker 3>Annually?

0:16:10.480 --> 0:16:12.760
<v Speaker 2>We spend the most in the free world, but don't

0:16:12.800 --> 0:16:15.760
<v Speaker 2>have nearly the best outcomes. Lots of concern when it

0:16:15.760 --> 0:16:18.160
<v Speaker 2>comes to our healthcare. There is a different route here, though.

0:16:18.200 --> 0:16:20.440
<v Speaker 2>What if you just paid for everything yourself? I've often said,

0:16:20.640 --> 0:16:22.960
<v Speaker 2>you know, if you cut out the middleman here and

0:16:23.000 --> 0:16:25.880
<v Speaker 2>got rid of bureaucracy and that would be insurance and

0:16:26.000 --> 0:16:29.360
<v Speaker 2>or government bureaucracy. Your costs had drop down dramatically, and

0:16:29.400 --> 0:16:32.080
<v Speaker 2>I think practitioners would be the doctors and nurses. Nurse

0:16:32.120 --> 0:16:34.720
<v Speaker 2>practitioners like would have a better quality of life and

0:16:34.720 --> 0:16:37.400
<v Speaker 2>everyone's happy. It's called it's the already, it's called direct

0:16:37.440 --> 0:16:39.320
<v Speaker 2>primary care. I just kind of googled it and we've

0:16:39.320 --> 0:16:42.680
<v Speaker 2>got about a dozen providers here in the tri States,

0:16:42.800 --> 0:16:44.920
<v Speaker 2>and that number has grown over the last few years.

0:16:45.320 --> 0:16:48.360
<v Speaker 2>He's the CEO of Healthcare to You, which pushes direct

0:16:48.360 --> 0:16:50.520
<v Speaker 2>primary care, and his name is Andy Bonner. Andy, welcome

0:16:50.520 --> 0:16:50.840
<v Speaker 2>to the show.

0:16:50.840 --> 0:16:52.080
<v Speaker 3>How are you well?

0:16:52.160 --> 0:16:53.160
<v Speaker 7>Thank you, I appreciate it.

0:16:53.240 --> 0:16:54.920
<v Speaker 3>Yeah, yeah, I'm.

0:16:54.680 --> 0:16:56.320
<v Speaker 2>Kind of familiar with this a little bit here too,

0:16:56.440 --> 0:16:59.040
<v Speaker 2>So explain if I didn't do a decent job of

0:16:59.080 --> 0:17:01.480
<v Speaker 2>that already. How does direct primary care work? Is its

0:17:01.520 --> 0:17:04.560
<v Speaker 2>simply just paying you directly as a physician. You treat me,

0:17:04.760 --> 0:17:06.639
<v Speaker 2>And it's kind of like the old days where I

0:17:06.680 --> 0:17:08.520
<v Speaker 2>remember when when I was a little little my mom

0:17:08.520 --> 0:17:10.359
<v Speaker 2>would take me to the you know, doctor who practiced

0:17:10.359 --> 0:17:13.159
<v Speaker 2>out of his living room, basically, and I think she

0:17:13.200 --> 0:17:15.439
<v Speaker 2>would pay cash. I think anyway, I'm not sure how

0:17:15.440 --> 0:17:17.320
<v Speaker 2>it worked. I was a little kid but I remember

0:17:17.359 --> 0:17:19.080
<v Speaker 2>that I don't know the quality of care, but I'm

0:17:19.119 --> 0:17:21.360
<v Speaker 2>alive today, so he must have done something right.

0:17:22.680 --> 0:17:25.720
<v Speaker 5>Well that that's exactly right. So it's really going back

0:17:25.720 --> 0:17:28.560
<v Speaker 5>in time and trying to establish a relationship with the

0:17:28.600 --> 0:17:32.480
<v Speaker 5>primary care for this and that oversees your health over

0:17:33.440 --> 0:17:35.320
<v Speaker 5>you know, the entirety of your life, if you can

0:17:35.359 --> 0:17:38.520
<v Speaker 5>possibly get that. But you know, the issue it with

0:17:39.480 --> 0:17:44.080
<v Speaker 5>the care that we receive today. It's really reactive type care.

0:17:44.240 --> 0:17:48.840
<v Speaker 5>It's really not looking at your whole being and being

0:17:48.880 --> 0:17:52.600
<v Speaker 5>able to monitor your blood results and so forth over

0:17:52.640 --> 0:17:55.480
<v Speaker 5>a period of time and seeing those little changes as

0:17:55.520 --> 0:17:58.080
<v Speaker 5>you age. And and really what direct primary care is

0:17:58.160 --> 0:18:02.280
<v Speaker 5>establishing that relationship with a doctor who can oversee your

0:18:02.400 --> 0:18:05.359
<v Speaker 5>health for a long period of time and see those

0:18:05.400 --> 0:18:09.480
<v Speaker 5>differences and be able to work with you before those

0:18:09.520 --> 0:18:11.440
<v Speaker 5>conditions turned to a bad state.

0:18:12.280 --> 0:18:15.640
<v Speaker 2>Okay, Yeah, And it sounds rather simple, and I think

0:18:15.880 --> 0:18:17.119
<v Speaker 2>as we get into this, I think it's going to

0:18:17.119 --> 0:18:19.640
<v Speaker 2>illustrate just how obsurd our system is and how much

0:18:19.680 --> 0:18:21.880
<v Speaker 2>money is being wasted in going to middlemen and people

0:18:21.880 --> 0:18:24.080
<v Speaker 2>who have absolute no concern over our care and the

0:18:24.160 --> 0:18:26.400
<v Speaker 2>quality of our care that just get in the way

0:18:26.400 --> 0:18:29.719
<v Speaker 2>and suck those dollars away from our desperately needed healthcare system.

0:18:30.119 --> 0:18:32.359
<v Speaker 2>And so it's been around for a while. Here, it's

0:18:32.359 --> 0:18:34.280
<v Speaker 2>starting to gain traction, as I mentioned, and I said

0:18:34.320 --> 0:18:36.840
<v Speaker 2>here in the tri State. In Cincinnati anyway, I've noticed

0:18:36.840 --> 0:18:38.560
<v Speaker 2>there's been a slight uptick of the number. About a

0:18:38.600 --> 0:18:40.600
<v Speaker 2>dozen or so now granted in the city this size,

0:18:40.600 --> 0:18:42.680
<v Speaker 2>it's not many, but at least the needle is moving

0:18:42.680 --> 0:18:45.520
<v Speaker 2>in the right direction. Let's look at them, the provider

0:18:45.520 --> 0:18:47.000
<v Speaker 2>And why would a physician want to do this in.

0:18:46.920 --> 0:18:50.840
<v Speaker 5>The first place, Well, I mean for a provider today

0:18:50.880 --> 0:18:53.840
<v Speaker 5>in the theef for service world, a couple of things

0:18:53.880 --> 0:18:56.720
<v Speaker 5>have occurred, well, actually several things have occurred over the years.

0:18:56.800 --> 0:18:59.679
<v Speaker 5>One is the administrative burden that a doctor has in

0:18:59.760 --> 0:19:01.920
<v Speaker 5>order to be able to be paid in the fee

0:19:02.000 --> 0:19:04.879
<v Speaker 5>for service insurance world. Not only do they have to

0:19:04.920 --> 0:19:07.760
<v Speaker 5>provide E and M codes, but they have to provide

0:19:07.920 --> 0:19:11.240
<v Speaker 5>they have to know how to distinguish between sixty four

0:19:11.400 --> 0:19:16.600
<v Speaker 5>thousand ICD votes to be able to provide a claim,

0:19:17.359 --> 0:19:20.040
<v Speaker 5>submit a claim to an insurance carrier who then will

0:19:21.000 --> 0:19:24.480
<v Speaker 5>reimverse them or find ways not to reimverse them over time.

0:19:25.080 --> 0:19:27.560
<v Speaker 5>And so what's happened in the primary care setting is

0:19:27.600 --> 0:19:31.280
<v Speaker 5>a lot of physicians either carry a large amount of

0:19:31.320 --> 0:19:35.320
<v Speaker 5>bad debt because the coding is not correctly, the insurance

0:19:35.320 --> 0:19:38.240
<v Speaker 5>hasn't paid on time. They get paid ninety to one

0:19:38.320 --> 0:19:41.720
<v Speaker 5>hundred and twenty days out. So they're being impacted from

0:19:41.760 --> 0:19:44.720
<v Speaker 5>a castload perspective, and they're having to hire a lot

0:19:44.840 --> 0:19:48.040
<v Speaker 5>more administrative staff in order to keep up with all

0:19:48.080 --> 0:19:52.240
<v Speaker 5>the coding and requirements by the state or the government

0:19:52.280 --> 0:19:55.560
<v Speaker 5>as it relates to Medicare, Medicaid, those types of patients.

0:19:56.000 --> 0:19:58.679
<v Speaker 5>So you know, a doctor has gone away from what

0:19:58.760 --> 0:20:03.359
<v Speaker 5>they learned uh in med school UH and they become

0:20:03.480 --> 0:20:08.119
<v Speaker 5>a very burdensome administrative staff that generally carries about five

0:20:08.160 --> 0:20:12.320
<v Speaker 5>to one support staff to a position if you're in

0:20:12.680 --> 0:20:15.919
<v Speaker 5>if you're in direct primary here, it acquires one support staff.

0:20:15.720 --> 0:20:16.320
<v Speaker 6>If that.

0:20:18.200 --> 0:20:22.040
<v Speaker 5>There are no plans submitted for the services that you provide.

0:20:22.080 --> 0:20:25.639
<v Speaker 5>It's a direct contract with a physician who gets paid

0:20:25.720 --> 0:20:30.280
<v Speaker 5>every month religiously on the same day, and the doctors

0:20:30.320 --> 0:20:33.240
<v Speaker 5>paid to oversee your health. So there's no restrictions on time,

0:20:33.359 --> 0:20:35.880
<v Speaker 5>there's no restrictions on what they can do.

0:20:37.000 --> 0:20:37.800
<v Speaker 7>There's not an.

0:20:37.640 --> 0:20:40.919
<v Speaker 5>Insurance carrier saying, oh, for that diagnosis, you should have

0:20:40.960 --> 0:20:44.520
<v Speaker 5>only spent six minutes with a patient versus you know,

0:20:44.560 --> 0:20:46.760
<v Speaker 5>the doctor wanted to spend twenty minutes, want to ask

0:20:46.840 --> 0:20:51.880
<v Speaker 5>about them some family issues or some you know what happened.

0:20:52.400 --> 0:20:53.880
<v Speaker 7>Uh, you know what's.

0:20:53.680 --> 0:20:57.040
<v Speaker 5>Going on with your family and your relatives and so forth.

0:20:57.080 --> 0:20:59.760
<v Speaker 5>So you can understand really a total picture of a

0:20:59.840 --> 0:21:04.520
<v Speaker 5>part versus just a minute or six minute quick visit

0:21:04.600 --> 0:21:07.640
<v Speaker 5>to deal with an acute issue or sickness and out

0:21:07.640 --> 0:21:07.920
<v Speaker 5>the door.

0:21:07.960 --> 0:21:10.399
<v Speaker 2>You go, Yeah, it's interesting, you know you walk into

0:21:10.560 --> 0:21:14.000
<v Speaker 2>I'll go to my primary care physician like twice a year,

0:21:15.000 --> 0:21:17.120
<v Speaker 2>and I go in there and there's seven or eight

0:21:17.160 --> 0:21:22.080
<v Speaker 2>people in the glass box and there's just countless numbers

0:21:22.080 --> 0:21:25.440
<v Speaker 2>of files and there's coding going all this stuff. Like, wow,

0:21:25.480 --> 0:21:27.320
<v Speaker 2>it takes a lot to run a physician's off. It's

0:21:27.359 --> 0:21:29.600
<v Speaker 2>not really all how much of that Steff's compliance almost

0:21:29.640 --> 0:21:32.600
<v Speaker 2>all of it, right, it's government, it's insurance, it's someone

0:21:32.640 --> 0:21:36.119
<v Speaker 2>who can code things in a medical Coding is a

0:21:36.160 --> 0:21:38.600
<v Speaker 2>career in of itself, and it just goes to show

0:21:38.600 --> 0:21:40.000
<v Speaker 2>you how burdens in the system is.

0:21:41.040 --> 0:21:43.200
<v Speaker 7>Yeah, if you look at I mean just a change.

0:21:42.960 --> 0:21:46.359
<v Speaker 5>From ICD nine to ICD ten, which was a requirement

0:21:46.359 --> 0:21:48.760
<v Speaker 5>which is a requirement of doctors now to understand the

0:21:48.800 --> 0:21:53.160
<v Speaker 5>coding systems. That's a change from about knowing twelve thousand

0:21:53.280 --> 0:21:56.800
<v Speaker 5>or so codes to knowing over sixty four thousand toads.

0:21:58.119 --> 0:21:58.920
<v Speaker 3>So you're correct.

0:21:58.960 --> 0:22:02.159
<v Speaker 5>You have to have the higher specialist that understands and

0:22:02.160 --> 0:22:05.280
<v Speaker 5>if you don't get the bill right, then the insurance

0:22:05.320 --> 0:22:08.200
<v Speaker 5>companies will rejected and you have to resubmit and play

0:22:08.240 --> 0:22:09.520
<v Speaker 5>that game back and forth.

0:22:10.040 --> 0:22:12.640
<v Speaker 7>And you know, really what happens in that game.

0:22:12.520 --> 0:22:15.800
<v Speaker 5>Is the insurance companies keep your money. You pay a

0:22:15.840 --> 0:22:19.880
<v Speaker 5>premium every month for an insurance product, and the insurance

0:22:19.920 --> 0:22:23.080
<v Speaker 5>company keeps that money until they absolutely have to give

0:22:23.080 --> 0:22:27.280
<v Speaker 5>it up to the position. And unfortunately those positions are

0:22:27.320 --> 0:22:28.320
<v Speaker 5>the ones who are left out.

0:22:28.960 --> 0:22:31.359
<v Speaker 2>Yeah, Andy Bonner is the CEO of healthcare. To you,

0:22:31.359 --> 0:22:34.080
<v Speaker 2>we're talking about DPC direct primary Care. Basically you pay

0:22:34.119 --> 0:22:37.520
<v Speaker 2>the position directly. What's the fees like? Typically what are

0:22:37.520 --> 0:22:38.280
<v Speaker 2>we talking here?

0:22:39.400 --> 0:22:42.040
<v Speaker 5>It just depends. I mean, so just to give you

0:22:42.040 --> 0:22:44.640
<v Speaker 5>a little information about us, you know, we're we've got

0:22:44.640 --> 0:22:47.679
<v Speaker 5>about fifteen clinics. I know you mentioned it in the

0:22:47.720 --> 0:22:51.760
<v Speaker 5>Cincinnati area, So we're we've got what we do is

0:22:51.800 --> 0:22:52.800
<v Speaker 5>we partner.

0:22:52.440 --> 0:22:54.480
<v Speaker 6>With existing physicians.

0:22:54.160 --> 0:22:57.600
<v Speaker 7>Who have a fee for service practice.

0:22:57.160 --> 0:23:00.439
<v Speaker 5>Who want to dabble them dabble their toe into the

0:23:00.480 --> 0:23:02.880
<v Speaker 5>direct primary care world, or do not want to get

0:23:03.000 --> 0:23:03.920
<v Speaker 5>rid of their fee.

0:23:03.760 --> 0:23:06.480
<v Speaker 7>For service pass, so they carve out.

0:23:06.400 --> 0:23:08.760
<v Speaker 5>A piece of their panel to work with us, and

0:23:09.400 --> 0:23:12.720
<v Speaker 5>our fees generally run less than fifty dollars a month

0:23:13.520 --> 0:23:16.919
<v Speaker 5>for a relationship, and that includes everything that happens in

0:23:16.960 --> 0:23:20.080
<v Speaker 5>the four walls of the physician's office, So think.

0:23:19.880 --> 0:23:20.560
<v Speaker 3>Of it that way.

0:23:20.640 --> 0:23:23.800
<v Speaker 5>You know, everything from skin irritations to upper respiratory to

0:23:25.640 --> 0:23:28.800
<v Speaker 5>you know, you know, digestional issues. Anything that happens in

0:23:28.880 --> 0:23:33.679
<v Speaker 5>primary care also in our is in our membership. And

0:23:33.720 --> 0:23:36.800
<v Speaker 5>that would include an annual physical, a woman's well, women's

0:23:36.840 --> 0:23:40.679
<v Speaker 5>a lab, the labs associated with that, and then we

0:23:40.840 --> 0:23:45.399
<v Speaker 5>treat thirteen different front diseases, including diabetes and hypertension and

0:23:45.520 --> 0:23:47.960
<v Speaker 5>those same clinics at that low fee rate.

0:23:48.400 --> 0:23:48.800
<v Speaker 6>So it's a.

0:23:48.800 --> 0:23:54.160
<v Speaker 5>Pretty encompassing program. It also includes twenty four to seven telemedicine.

0:23:54.160 --> 0:23:57.840
<v Speaker 5>If you get sick on the weekends or late at

0:23:57.960 --> 0:24:00.280
<v Speaker 5>night or whatever, you can pull in and to get

0:24:00.280 --> 0:24:03.280
<v Speaker 5>a prescription called in. So it really is twenty four

0:24:03.320 --> 0:24:07.680
<v Speaker 5>to seven access and unlimited access. So whatever you need,

0:24:07.720 --> 0:24:11.000
<v Speaker 5>whether it be an acute condition of scirit skin irritation,

0:24:11.359 --> 0:24:14.120
<v Speaker 5>or you need your angle physicals and so forth, that's

0:24:14.160 --> 0:24:15.680
<v Speaker 5>all included in a membership fee.

0:24:15.840 --> 0:24:16.000
<v Speaker 6>Wow.

0:24:16.160 --> 0:24:19.000
<v Speaker 2>Interesting, Andy Bonder, CEO of Healthcare to you, it's direct

0:24:19.040 --> 0:24:21.320
<v Speaker 2>Primary care DPC. What we're talking about getting rid of

0:24:21.359 --> 0:24:23.480
<v Speaker 2>the middleman, which should be government and insurance companies just

0:24:23.480 --> 0:24:26.600
<v Speaker 2>paying your position directly. And so for around one hundred

0:24:26.680 --> 0:24:29.359
<v Speaker 2>or whatever it is a month a subscription rate, basically

0:24:29.440 --> 0:24:32.720
<v Speaker 2>you get unlimited healthcare. How does this work with you

0:24:32.800 --> 0:24:34.920
<v Speaker 2>kind of touched on but prescriptions.

0:24:35.600 --> 0:24:38.480
<v Speaker 5>Well, you have you have different programs that you can

0:24:38.520 --> 0:24:44.160
<v Speaker 5>wrap a membership around, so you can add like labs.

0:24:44.280 --> 0:24:47.440
<v Speaker 5>We have programs where you can add unlimited labs.

0:24:47.480 --> 0:24:48.240
<v Speaker 6>You can add.

0:24:48.720 --> 0:24:53.919
<v Speaker 5>A prescription program around it as well, and then.

0:24:53.880 --> 0:24:56.680
<v Speaker 7>You have you know, discount mri ct X.

0:24:56.720 --> 0:25:02.679
<v Speaker 5>Rays, discount labs so forth that you can include with

0:25:02.840 --> 0:25:05.960
<v Speaker 5>this program and it kind of makes a nice bundle.

0:25:07.200 --> 0:25:07.439
<v Speaker 6>You know.

0:25:07.480 --> 0:25:10.119
<v Speaker 5>We are most of the time, we're not sold as

0:25:10.160 --> 0:25:13.840
<v Speaker 5>a standalone product, and a lot of your DPC programs

0:25:13.840 --> 0:25:17.159
<v Speaker 5>are not. What they're what they do with DPC is

0:25:17.160 --> 0:25:20.280
<v Speaker 5>they wrap them into an insurance product to make those

0:25:20.400 --> 0:25:22.280
<v Speaker 5>insurance products work better.

0:25:22.800 --> 0:25:23.960
<v Speaker 6>So we become the.

0:25:23.880 --> 0:25:27.399
<v Speaker 5>Base layer of the insurance and then you put whether

0:25:27.440 --> 0:25:30.959
<v Speaker 5>it be a you have a lot of health shares

0:25:31.000 --> 0:25:33.560
<v Speaker 5>out there in the world today that you can combine

0:25:33.600 --> 0:25:34.119
<v Speaker 5>this with that.

0:25:34.119 --> 0:25:34.879
<v Speaker 6>You can combine this.

0:25:35.000 --> 0:25:38.280
<v Speaker 5>With a high deductable health plan so that you can

0:25:38.359 --> 0:25:42.600
<v Speaker 5>lower your premiums. I'm saying this is the entry level

0:25:42.680 --> 0:25:46.679
<v Speaker 5>and controls everything in a non claimed environment. So you know,

0:25:46.760 --> 0:25:50.399
<v Speaker 5>for a simple visit fee or none, you can go

0:25:50.440 --> 0:25:53.200
<v Speaker 5>see the doctor as much as you need to and

0:25:53.359 --> 0:25:55.640
<v Speaker 5>be able to spend as much time as you need

0:25:55.680 --> 0:25:56.479
<v Speaker 5>to with that position.

0:25:56.800 --> 0:25:58.400
<v Speaker 3>Okay, now that makes that makes sense.

0:25:58.440 --> 0:26:00.600
<v Speaker 2>So you're saying, if I need God's a big you know,

0:26:01.160 --> 0:26:04.439
<v Speaker 2>there's cancer treatments or something that's extremely outside the scope

0:26:04.480 --> 0:26:07.320
<v Speaker 2>of what my primary care position does, I would get

0:26:07.720 --> 0:26:09.359
<v Speaker 2>high deductible insurance to kind of cover that.

0:26:10.320 --> 0:26:11.960
<v Speaker 5>Yeah, that's what we recommend.

0:26:12.000 --> 0:26:15.399
<v Speaker 7>The mean insurance is really there.

0:26:15.080 --> 0:26:21.720
<v Speaker 5>For catastrophic reasons and if you put together the right plan.

0:26:21.880 --> 0:26:26.600
<v Speaker 5>The right plan is really US or another DPC program

0:26:26.680 --> 0:26:30.280
<v Speaker 5>as the front door where everything funnels through.

0:26:30.680 --> 0:26:34.040
<v Speaker 7>And in our case, what we have is a complete call.

0:26:33.800 --> 0:26:38.120
<v Speaker 5>Center with an MA on the front a medical assistant

0:26:38.119 --> 0:26:40.080
<v Speaker 5>on the front end, which is that same person that

0:26:40.400 --> 0:26:43.800
<v Speaker 5>first enters the exam room when you walk into a

0:26:43.840 --> 0:26:46.280
<v Speaker 5>doctor's office and they do the diagnosis for you, so

0:26:46.320 --> 0:26:50.280
<v Speaker 5>the doctor can spend that six minutes time. We put

0:26:50.320 --> 0:26:53.359
<v Speaker 5>them in a call center environment and our members never

0:26:53.480 --> 0:26:57.159
<v Speaker 5>have to schedule a doctor's applointment. They never have to

0:26:57.200 --> 0:27:00.280
<v Speaker 5>dial a doctor's office. We schedule all their care for them.

0:27:00.359 --> 0:27:03.840
<v Speaker 5>It's very high touch, white glove. We get them into

0:27:03.840 --> 0:27:06.800
<v Speaker 5>the doctor's office and it doesn't matter where they go

0:27:06.960 --> 0:27:12.680
<v Speaker 5>in our system. We are a fifty state uh DPC program,

0:27:12.720 --> 0:27:15.360
<v Speaker 5>so we have members in the offices in all fifty states.

0:27:15.720 --> 0:27:18.359
<v Speaker 5>So if you're traveling for work, if you're in another state,

0:27:18.560 --> 0:27:21.239
<v Speaker 5>it's the same pier that's provided to you wherever you

0:27:21.280 --> 0:27:22.119
<v Speaker 5>are in our system.

0:27:22.280 --> 0:27:24.560
<v Speaker 2>How would that work with a specialist though not necessarily

0:27:24.600 --> 0:27:27.600
<v Speaker 2>you know, surgical or AUF because I would have the

0:27:27.880 --> 0:27:29.640
<v Speaker 2>extra insurance for that, But if I need to see

0:27:29.640 --> 0:27:31.920
<v Speaker 2>a specialist on something, how does that work well?

0:27:32.040 --> 0:27:34.400
<v Speaker 5>To give you an idea, So when you called uh

0:27:34.680 --> 0:27:37.160
<v Speaker 5>and you have an app or you have a one

0:27:37.200 --> 0:27:40.280
<v Speaker 5>eight hundred number and you're filling ill, you call into

0:27:40.280 --> 0:27:43.800
<v Speaker 5>the doctor, you call into healthcare to you.

0:27:43.160 --> 0:27:44.080
<v Speaker 7>The m a answer.

0:27:44.280 --> 0:27:47.720
<v Speaker 5>The first thing they do is they triage you, uh,

0:27:47.800 --> 0:27:50.600
<v Speaker 5>based on you know, what's ailing you today, and if

0:27:50.640 --> 0:27:53.160
<v Speaker 5>it's something that we can care for in our world,

0:27:53.720 --> 0:27:56.399
<v Speaker 5>then we schedule that care for you. If we need

0:27:56.880 --> 0:28:00.639
<v Speaker 5>a specialist outside of that, then we can refer you

0:28:00.800 --> 0:28:04.080
<v Speaker 5>into specialists, whether it be on the plan that you have.

0:28:04.240 --> 0:28:07.920
<v Speaker 5>Because every member when they join us, we we ask

0:28:08.000 --> 0:28:10.359
<v Speaker 5>a series of questions so we know if they have

0:28:10.520 --> 0:28:14.280
<v Speaker 5>underlying insurance, if there's other attached insurance to it, and

0:28:14.400 --> 0:28:18.120
<v Speaker 5>we do our firm in network into whatever network they

0:28:18.200 --> 0:28:19.680
<v Speaker 5>may have or whatever.

0:28:19.400 --> 0:28:21.920
<v Speaker 7>Insurance they may have. UH, so that you have.

0:28:21.880 --> 0:28:25.720
<v Speaker 5>That condity of care going between a DPC and a

0:28:25.720 --> 0:28:26.800
<v Speaker 5>specialist organization.

0:28:27.000 --> 0:28:29.160
<v Speaker 2>Okay, good, that makes that makes a lot of sense.

0:28:29.440 --> 0:28:32.200
<v Speaker 2>How does Medicare and Medicaid work. Is that in direct

0:28:32.240 --> 0:28:35.720
<v Speaker 2>competition with this, because that that obviously that's not compatible

0:28:35.720 --> 0:28:39.240
<v Speaker 2>what we're talking about. If you're on Medicare Medicaid, there's

0:28:39.360 --> 0:28:42.120
<v Speaker 2>you know, that's that's taken care of and there's no

0:28:42.160 --> 0:28:43.720
<v Speaker 2>outer well there's a little out of pocket, I guess

0:28:43.720 --> 0:28:45.239
<v Speaker 2>I should say. And then there's part B and C

0:28:45.320 --> 0:28:47.080
<v Speaker 2>and D and all that stuff as well. Is that

0:28:47.120 --> 0:28:48.760
<v Speaker 2>indirect adds that we're talking about here?

0:28:49.480 --> 0:28:52.000
<v Speaker 5>No, I mean you can't. There are programs we don't.

0:28:52.080 --> 0:28:54.640
<v Speaker 5>We don't deal in that world, and just because of

0:28:54.640 --> 0:28:57.160
<v Speaker 5>the paperwork, we try to stay out of the administrative

0:28:57.200 --> 0:29:01.520
<v Speaker 5>burdened area. But there are procms is looking at a

0:29:01.560 --> 0:29:07.600
<v Speaker 5>program for DPC to be involved in that Medicaid program

0:29:07.760 --> 0:29:13.760
<v Speaker 5>and Medicare. You're required to utilize those services first. So

0:29:14.720 --> 0:29:17.840
<v Speaker 5>if you're on Medicare, you generally either you augment out

0:29:17.960 --> 0:29:21.560
<v Speaker 5>kind of like you do with a B plan, with

0:29:21.840 --> 0:29:24.320
<v Speaker 5>that primary care in the senior arena.

0:29:24.400 --> 0:29:27.120
<v Speaker 7>So there are programs out there who deal with both.

0:29:27.400 --> 0:29:30.200
<v Speaker 2>Okay, good again, Andy Bonner, CEO of Healthcare, to you,

0:29:30.240 --> 0:29:33.440
<v Speaker 2>it's direct primary care. Basically pay a doctor a flat

0:29:33.480 --> 0:29:36.480
<v Speaker 2>feet a month for unlimited healthcare and it keeps your

0:29:36.480 --> 0:29:39.520
<v Speaker 2>costs extremely what's the typical savings for someone if you

0:29:39.520 --> 0:29:40.920
<v Speaker 2>add it all up, I mentioned the head of this

0:29:41.600 --> 0:29:43.920
<v Speaker 2>we spend individual for every man, woman, and child in

0:29:43.960 --> 0:29:46.600
<v Speaker 2>America about fourteen thousand dollars per person. If you think

0:29:46.640 --> 0:29:48.960
<v Speaker 2>about the younger folks, they use healthcare a lot less.

0:29:48.960 --> 0:29:51.520
<v Speaker 2>That means older folks are using way more than fourteen

0:29:51.560 --> 0:29:54.320
<v Speaker 2>thousand per person. But out of that, what would you

0:29:54.360 --> 0:29:57.200
<v Speaker 2>expect to spend in a year you know, we have.

0:29:57.760 --> 0:30:01.360
<v Speaker 5>There's been a lot of analysis done with different independent

0:30:01.400 --> 0:30:04.960
<v Speaker 5>third parties that have looked at direct primary care and

0:30:05.040 --> 0:30:07.720
<v Speaker 5>the impact of not only from the employer side of

0:30:07.720 --> 0:30:10.640
<v Speaker 5>it being able to provide this for the employees as

0:30:10.680 --> 0:30:15.560
<v Speaker 5>an alternative, but also on the individual side and depending

0:30:15.640 --> 0:30:17.160
<v Speaker 5>on the price point.

0:30:17.400 --> 0:30:20.200
<v Speaker 7>In our case, we can generally show.

0:30:20.080 --> 0:30:24.760
<v Speaker 5>A first year ROI of anywhere between thirteen to twenty

0:30:24.800 --> 0:30:29.080
<v Speaker 5>five percent net of fees, so savings both of the

0:30:29.120 --> 0:30:32.840
<v Speaker 5>employer and the employee for signing up to direct primary care.

0:30:33.000 --> 0:30:35.760
<v Speaker 2>All right, is there a centralized website or number one

0:30:35.800 --> 0:30:37.800
<v Speaker 2>can go and find out if there's a care provider

0:30:37.840 --> 0:30:38.120
<v Speaker 2>near me?

0:30:39.560 --> 0:30:43.560
<v Speaker 5>Certainly, well, Healthcare to you, it's www dot help, the

0:30:43.640 --> 0:30:47.440
<v Speaker 5>letter C, the number two, the letter U dot com.

0:30:47.560 --> 0:30:49.440
<v Speaker 2>Yeah, there's look a dozen, maybe fifteen or so when

0:30:49.480 --> 0:30:51.680
<v Speaker 2>the Cincinnati area that number is growing. Is certainly something

0:30:51.720 --> 0:30:54.280
<v Speaker 2>worth looking at. Andy Bonner, CEO of Healthcare to you,

0:30:54.360 --> 0:30:55.760
<v Speaker 2>thanks again for the time, good info.

0:30:56.440 --> 0:30:58.320
<v Speaker 7>Well, thank you sir, appreciate the invite.

0:30:58.560 --> 0:30:59.720
<v Speaker 3>You bet Merry Christmas.

0:31:00.160 --> 0:31:02.200
<v Speaker 2>If you're hearing this, you go, well, wait a minute,

0:31:02.680 --> 0:31:05.440
<v Speaker 2>the Affordable Care Act or getting cuts or get fat,

0:31:05.440 --> 0:31:07.440
<v Speaker 2>don't know, fifty bucks or an individual hundred for a

0:31:07.480 --> 0:31:12.160
<v Speaker 2>family for unlimited healthcare from a primary care physician seems affordable.

0:31:12.200 --> 0:31:14.400
<v Speaker 2>Doesn't know why is it affordable? Well, because you cut

0:31:14.400 --> 0:31:16.600
<v Speaker 2>out all the bs and you just paid the doctor directly.

0:31:16.960 --> 0:31:20.480
<v Speaker 2>There's your affordable healthcare. Scott's Loan Show seven hundred w weld.

0:31:20.680 --> 0:31:25.000
<v Speaker 3>My uncontrollable movements called TD tart of dyskenesia felt embarrassing.

0:31:25.280 --> 0:31:27.360
<v Speaker 3>I felt like disconnecting.

0:31:27.040 --> 0:31:29.840
<v Speaker 2>This holiday slash Christmas New Year's season, whatever it does,

0:31:29.880 --> 0:31:33.080
<v Speaker 2>you celebrate or don't celebrate, getting time off man, treat yourself.

0:31:33.960 --> 0:31:39.600
<v Speaker 2>Sloana here seven hundred wlw uh, thank you. And also

0:31:39.640 --> 0:31:42.400
<v Speaker 2>I hate you to Brian Combs's sister in law because

0:31:42.440 --> 0:31:45.520
<v Speaker 2>she makes the fiercest Christmas cookies. And I'm talking about

0:31:45.920 --> 0:31:48.040
<v Speaker 2>not just like a little tray of cookies. I'm talking

0:31:48.080 --> 0:31:53.200
<v Speaker 2>about a manhole cover, a Seg Dennison sized plate of

0:31:53.840 --> 0:31:58.120
<v Speaker 2>frosted goodness, absolutely incredible. Same time I just had four

0:31:58.160 --> 0:32:02.479
<v Speaker 2>or five, and now these sugar portion is the sugar

0:32:02.520 --> 0:32:03.560
<v Speaker 2>is spiking and I'm going.

0:32:03.400 --> 0:32:04.200
<v Speaker 3>To get the direction.

0:32:05.240 --> 0:32:07.640
<v Speaker 2>I never just stood those A one C commercials until

0:32:07.720 --> 0:32:10.320
<v Speaker 2>this holiday season. I'm sure I'm over the limit, or

0:32:10.320 --> 0:32:11.880
<v Speaker 2>I'm not sure where the wouldn't see.

0:32:11.880 --> 0:32:12.400
<v Speaker 3>But I don't know.

0:32:12.440 --> 0:32:14.760
<v Speaker 2>If you're over under it's better. But damn, those are

0:32:14.760 --> 0:32:17.120
<v Speaker 2>some good Christmas cookies. Best time of the year, best

0:32:17.120 --> 0:32:21.520
<v Speaker 2>time of the year. What else is going on? I

0:32:21.520 --> 0:32:24.040
<v Speaker 2>heard a call over our police scanner that there was

0:32:24.080 --> 0:32:26.080
<v Speaker 2>a fire in a house. I thought it was a

0:32:26.120 --> 0:32:28.400
<v Speaker 2>Christmas tree. It turns out it was not. It was

0:32:28.480 --> 0:32:31.120
<v Speaker 2>just someone had left something plugged into the kitchen. I

0:32:31.120 --> 0:32:35.320
<v Speaker 2>guess if you ever liked those scanners, it's funny because

0:32:35.320 --> 0:32:37.640
<v Speaker 2>you're just sting to listen and calls will come through

0:32:37.680 --> 0:32:39.200
<v Speaker 2>and you could find it's like a mini It's like

0:32:39.200 --> 0:32:41.040
<v Speaker 2>a bunch of mini soap operas going on. It really

0:32:41.040 --> 0:32:45.680
<v Speaker 2>is fascinating. But I laughed because I thought that Christmas

0:32:45.720 --> 0:32:48.320
<v Speaker 2>tree fire. Is just talking about this, and it turns

0:32:48.320 --> 0:32:50.000
<v Speaker 2>out it was like a toaster oven as opposed to

0:32:50.040 --> 0:32:51.920
<v Speaker 2>a Christmas tree that was causing the problem. Not the

0:32:52.000 --> 0:32:55.280
<v Speaker 2>Christmas tree itself, but Christmas tree fires. To me, that

0:32:55.440 --> 0:32:59.760
<v Speaker 2>is the razor blading candy of the Christmas season that

0:32:59.840 --> 0:33:02.440
<v Speaker 2>you're supposed to check the kid's candy at Halloween for

0:33:02.640 --> 0:33:04.800
<v Speaker 2>needles and razor blades. And we just at a store

0:33:04.800 --> 0:33:07.320
<v Speaker 2>where someone had found or put a razor blood I think,

0:33:07.360 --> 0:33:11.000
<v Speaker 2>in a loaf of bread in a grocery store. And

0:33:11.040 --> 0:33:13.600
<v Speaker 2>someone had sent me that story, and I said, well, okay,

0:33:13.800 --> 0:33:15.320
<v Speaker 2>I'm sure there are people that would do that, but

0:33:15.960 --> 0:33:18.120
<v Speaker 2>that's more like the tailan all murders, right, than it

0:33:18.160 --> 0:33:22.440
<v Speaker 2>is Christmas than it is Halloween candy. I remember when

0:33:22.440 --> 0:33:25.360
<v Speaker 2>mine were little, we never did it because I thought

0:33:25.360 --> 0:33:27.720
<v Speaker 2>it was stupid. Then is you can take the kid's

0:33:27.800 --> 0:33:29.640
<v Speaker 2>candy to a hospital and they would X ray it

0:33:29.680 --> 0:33:31.840
<v Speaker 2>for make sure there's the and they did it for

0:33:31.920 --> 0:33:34.240
<v Speaker 2>years and years and years. I'm almost damn sure no

0:33:34.280 --> 0:33:36.320
<v Speaker 2>one ever found anything bad in the candy. And my

0:33:36.680 --> 0:33:38.680
<v Speaker 2>whole idea betime, you know there may be a razor.

0:33:38.680 --> 0:33:40.800
<v Speaker 2>Brother got to check your candy for needles and razor

0:33:40.800 --> 0:33:43.840
<v Speaker 2>blades is because mom and dad want their their taste,

0:33:43.880 --> 0:33:45.600
<v Speaker 2>they want their peace, they want their cut, they want

0:33:45.600 --> 0:33:49.320
<v Speaker 2>to wet their beak. To quote the Godfather, it wasn't

0:33:49.320 --> 0:33:51.400
<v Speaker 2>about checking for oh that's maybe poison.

0:33:51.720 --> 0:33:52.560
<v Speaker 3>It's fine and dad.

0:33:52.600 --> 0:33:55.440
<v Speaker 2>Isn't it funny how all the reasones and snackers were

0:33:55.480 --> 0:33:58.600
<v Speaker 2>somehow tainted. Yeah, I gotta confiscate this, I gotta have

0:33:58.640 --> 0:34:00.480
<v Speaker 2>this destroyed. And you just go in the room and

0:34:00.720 --> 0:34:03.480
<v Speaker 2>go in the closet and just eat yourself stupid on

0:34:03.600 --> 0:34:06.880
<v Speaker 2>the kids treats. Why is it that every Snicker's bar dead,

0:34:06.880 --> 0:34:08.560
<v Speaker 2>there's a needle or a raise. Well, it just looks

0:34:08.560 --> 0:34:10.880
<v Speaker 2>like it's tank. I'm gonna I'm gonna set this. I'll

0:34:10.880 --> 0:34:12.520
<v Speaker 2>throw this out, dispose. It's got to be put in

0:34:12.520 --> 0:34:15.600
<v Speaker 2>an incinerator. It's a whole thing. It's it's compliance. It's osha.

0:34:15.640 --> 0:34:19.240
<v Speaker 2>You kids don't understand. And now it's Christmas tree fires,

0:34:19.640 --> 0:34:21.960
<v Speaker 2>and like all right, I could see maybe back you know,

0:34:22.000 --> 0:34:24.720
<v Speaker 2>one hundred and fifty years ago, when they would literally

0:34:24.719 --> 0:34:27.240
<v Speaker 2>put the tree up on Christmas Eve, which it seems

0:34:27.239 --> 0:34:28.799
<v Speaker 2>like a lot of work. Even back then too. You

0:34:28.800 --> 0:34:31.320
<v Speaker 2>look at the old movies, there's tinsel and the whole production.

0:34:31.400 --> 0:34:32.680
<v Speaker 2>To do anything back in the day, it took a

0:34:32.719 --> 0:34:35.239
<v Speaker 2>lot of effort. Today, I go to the basement, pull

0:34:35.280 --> 0:34:37.560
<v Speaker 2>the tree out, thirty thirty second, snap two pieces together,

0:34:37.600 --> 0:34:39.640
<v Speaker 2>plug in, and here we go. It's pretty lit, read

0:34:39.680 --> 0:34:43.000
<v Speaker 2>and rock and roll. It's fire retardants. Got the led lights.

0:34:43.000 --> 0:34:45.000
<v Speaker 2>They just I think there's that many Christmas tree fires.

0:34:45.000 --> 0:34:46.960
<v Speaker 2>On hundred fifty years ago, they would literally light these

0:34:47.200 --> 0:34:50.080
<v Speaker 2>live trees with candles. I mean, put a candle on

0:34:50.120 --> 0:34:56.440
<v Speaker 2>the branch and now it's led lights. I mean they

0:34:56.440 --> 0:34:59.200
<v Speaker 2>really throw no heat out. They're very low voltage. Where's

0:34:59.200 --> 0:35:02.759
<v Speaker 2>the fire starting exactly? I will say, however, and I'll

0:35:02.760 --> 0:35:04.160
<v Speaker 2>put the alert out there. Now it's going to be

0:35:04.200 --> 0:35:06.800
<v Speaker 2>what seventy degrees today? It's going to be Christmas in

0:35:06.840 --> 0:35:08.600
<v Speaker 2>Miami here in Cincinnati shortly.

0:35:09.520 --> 0:35:10.200
<v Speaker 3>Space heaters.

0:35:11.000 --> 0:35:12.640
<v Speaker 2>You know a lot of people, older people for some

0:35:12.760 --> 0:35:16.760
<v Speaker 2>reason get freaked out about so they'll unplug everything, coffee

0:35:16.800 --> 0:35:19.200
<v Speaker 2>makers and stuff like that. One of the things you

0:35:19.200 --> 0:35:21.720
<v Speaker 2>should unplug is a space heater because they can be dangerous.

0:35:21.760 --> 0:35:23.680
<v Speaker 2>But yeah, okay, space heater fires are one thing. But

0:35:23.760 --> 0:35:26.879
<v Speaker 2>Christmas tree fires, I'm not so sure about that. Not

0:35:26.880 --> 0:35:30.040
<v Speaker 2>so sure about something else I'm not sure about. I'm

0:35:30.080 --> 0:35:31.520
<v Speaker 2>sure by now you've heard about what they're doing in

0:35:31.560 --> 0:35:34.360
<v Speaker 2>Australia relative to social media. Is a ban there for

0:35:34.480 --> 0:35:36.799
<v Speaker 2>children under sixteen, and that's now in effect. If you're

0:35:36.840 --> 0:35:39.080
<v Speaker 2>sixteen hundred, you cannot get on social media. I don't

0:35:39.080 --> 0:35:42.640
<v Speaker 2>know how they regulate that. I don't know how, I

0:35:42.680 --> 0:35:45.479
<v Speaker 2>don't know how effective. I yeah, we're banning social media

0:35:45.480 --> 0:35:46.759
<v Speaker 2>for kids. Well, how's that going to work?

0:35:46.800 --> 0:35:47.280
<v Speaker 3>Out.

0:35:48.239 --> 0:35:50.719
<v Speaker 2>Well, you know, you can't get on Instagram and you

0:35:50.760 --> 0:35:52.879
<v Speaker 2>can't get on Snapchat and you get great. But there's

0:35:52.920 --> 0:35:56.160
<v Speaker 2>probably thousands of other platforms out there that old adults

0:35:56.200 --> 0:35:58.279
<v Speaker 2>don't know about that kids do. And that's how this

0:35:58.280 --> 0:36:01.279
<v Speaker 2>stuff works. I mean, Facebook is a thing for teenagers

0:36:01.320 --> 0:36:04.680
<v Speaker 2>for a long time before retirees discovered and then share

0:36:04.719 --> 0:36:06.560
<v Speaker 2>their pictures of you know, their life, and then by

0:36:06.600 --> 0:36:08.719
<v Speaker 2>then the kids are like, okay, well mom and dad

0:36:08.760 --> 0:36:10.319
<v Speaker 2>and Graham and Grandpa have taken it over. I'm gonna

0:36:10.320 --> 0:36:12.200
<v Speaker 2>go to another platform where they don't hang out. That's

0:36:12.200 --> 0:36:14.680
<v Speaker 2>how it is. I just I don't think it's gonna work,

0:36:14.719 --> 0:36:17.600
<v Speaker 2>and only that, and I know that certainly there is

0:36:17.600 --> 0:36:19.640
<v Speaker 2>if you spend a lot of time on social there

0:36:19.640 --> 0:36:21.640
<v Speaker 2>are some damagings effect to your psyche. There is, But

0:36:21.840 --> 0:36:24.080
<v Speaker 2>I think a lot of this stuff is really overblown.

0:36:24.719 --> 0:36:27.520
<v Speaker 2>I think anytime that we get some new technology out there,

0:36:27.520 --> 0:36:30.680
<v Speaker 2>and I consider social in the inner to be relatively new. Anyway,

0:36:31.920 --> 0:36:34.359
<v Speaker 2>the idea is that this screen time is harming us.

0:36:35.120 --> 0:36:37.560
<v Speaker 2>If you spend all day it's like anything. You know

0:36:37.600 --> 0:36:40.160
<v Speaker 2>when we bann marijuana, Well, there's people out there that's

0:36:40.200 --> 0:36:41.480
<v Speaker 2>all they do all day. Well, yeah, if you do

0:36:41.520 --> 0:36:43.879
<v Speaker 2>that all day, if you eat or drink anything all day,

0:36:43.920 --> 0:36:46.200
<v Speaker 2>it's going to be bad for you. I would contend that,

0:36:46.920 --> 0:36:49.160
<v Speaker 2>you know, if you're especially studious and you read books

0:36:49.160 --> 0:36:52.040
<v Speaker 2>all day and never move, that's as bad. That's bad

0:36:52.080 --> 0:36:55.600
<v Speaker 2>for you too. You know, everything in moderation. I just

0:36:55.640 --> 0:36:58.560
<v Speaker 2>think that the effects of this can be in public

0:36:58.600 --> 0:37:01.840
<v Speaker 2>discourse and headlines be a little bit overstated. If you

0:37:01.880 --> 0:37:05.640
<v Speaker 2>look at, for example, the United States, the biggest challenge

0:37:05.680 --> 0:37:11.200
<v Speaker 2>to education, to learning and scores was COVID in from

0:37:11.440 --> 0:37:15.680
<v Speaker 2>twenty twelve to twenty twenty two. In that ten year period,

0:37:15.840 --> 0:37:17.680
<v Speaker 2>in the advent of social media, there was only a

0:37:17.719 --> 0:37:23.279
<v Speaker 2>minimal decline in test scores. And despite cell phone use

0:37:23.320 --> 0:37:25.640
<v Speaker 2>and like is the rate of anxiety depression IM pretty

0:37:25.680 --> 0:37:28.760
<v Speaker 2>much leveled off? And yeah, you know you have mental

0:37:28.760 --> 0:37:32.960
<v Speaker 2>health issues for sure. But the countries, it's interesting, countries

0:37:33.360 --> 0:37:36.080
<v Speaker 2>like Scandinavia for example example, where social media is big

0:37:36.080 --> 0:37:38.399
<v Speaker 2>but it's not US big. They have more mental health

0:37:38.480 --> 0:37:40.719
<v Speaker 2>issues there than we do here. And so I look

0:37:40.719 --> 0:37:42.600
<v Speaker 2>at this whole thing and go, Okay, well, you know,

0:37:42.680 --> 0:37:44.719
<v Speaker 2>it is a steady diet of social media bad for you,

0:37:44.760 --> 0:37:46.400
<v Speaker 2>bad for your development. It's like you sure it is,

0:37:46.480 --> 0:37:48.520
<v Speaker 2>but you know we're talking about banning it. That's an

0:37:48.640 --> 0:37:50.320
<v Speaker 2>entirely different thing because kids are just going to go

0:37:50.400 --> 0:37:54.640
<v Speaker 2>run and then it becomes underground. And anytime you prohibit something,

0:37:54.680 --> 0:37:56.640
<v Speaker 2>every time prohibition, you're gonna have a black market, and

0:37:56.680 --> 0:37:58.839
<v Speaker 2>certainly that's going to happen here. I'd like to see

0:37:58.840 --> 0:38:01.160
<v Speaker 2>more data on this. Yeah, less screen time is good.

0:38:01.200 --> 0:38:02.799
<v Speaker 2>I mean, you know, our couple hours a day, not

0:38:02.880 --> 0:38:04.759
<v Speaker 2>all day on it, But I don't think you know,

0:38:04.800 --> 0:38:06.680
<v Speaker 2>if you spend an hour or two on social media

0:38:06.800 --> 0:38:09.600
<v Speaker 2>really is the end of the world. But again, anything

0:38:09.640 --> 0:38:11.440
<v Speaker 2>new we have a fear of. That's how it is.

0:38:11.920 --> 0:38:14.040
<v Speaker 2>Get a news update and we're turning the show. Anthony

0:38:14.120 --> 0:38:16.080
<v Speaker 2>Davenport is here real quick. I always like to talk

0:38:16.120 --> 0:38:18.839
<v Speaker 2>to him this time of year because end of the year,

0:38:18.880 --> 0:38:21.160
<v Speaker 2>and you got some downtime presumably at the holidays, and

0:38:21.160 --> 0:38:23.319
<v Speaker 2>you can't just sit there and drink eggnogny cookies like

0:38:23.360 --> 0:38:26.319
<v Speaker 2>I do. You may actually like, Okay, I got little

0:38:26.360 --> 0:38:28.160
<v Speaker 2>stuff to do. I've got some housekeeping you do. One

0:38:28.200 --> 0:38:30.520
<v Speaker 2>of these shadow list is checking your credit reports. Details

0:38:30.520 --> 0:38:32.480
<v Speaker 2>on that to follow right after this Scott's Loan Show.

0:38:32.520 --> 0:38:34.600
<v Speaker 2>This is seven hundred ww.

0:38:34.320 --> 0:38:36.160
<v Speaker 3>By I jiy. You need to entertain.

0:38:37.160 --> 0:38:39.839
<v Speaker 2>Hopefully during the Christmas break, the holiday break here, you'll

0:38:39.840 --> 0:38:42.680
<v Speaker 2>have some time to yourself and maybe more time yourself

0:38:42.680 --> 0:38:44.520
<v Speaker 2>to get some I don't know housekeeping stuff done. What

0:38:44.600 --> 0:38:46.120
<v Speaker 2>are the things you should do? Put it on your

0:38:46.160 --> 0:38:48.759
<v Speaker 2>calendar right now. That is to make sure you pull

0:38:48.800 --> 0:38:50.640
<v Speaker 2>your free credit report once a year from the three

0:38:50.680 --> 0:38:52.879
<v Speaker 2>major agencies you can pull your credit report for free.

0:38:52.920 --> 0:38:54.960
<v Speaker 2>It's always good to go check up on that stuff

0:38:55.280 --> 0:38:57.520
<v Speaker 2>to make sure that I don't know there's something to

0:38:57.560 --> 0:39:01.200
<v Speaker 2>wonk in there or your identity stolen. For details on that,

0:39:01.320 --> 0:39:05.520
<v Speaker 2>let me bring in Anthony Davenport from credit cards dot Com. Anthony, welcome.

0:39:05.560 --> 0:39:09.840
<v Speaker 2>You know what's insane here is that we're just supposed

0:39:09.880 --> 0:39:12.040
<v Speaker 2>to know to pull the credit reports. Yeah, it's like woy,

0:39:12.040 --> 0:39:13.680
<v Speaker 2>you're supposed to know that? How am I supposed to

0:39:13.680 --> 0:39:13.920
<v Speaker 2>know that?

0:39:14.600 --> 0:39:15.040
<v Speaker 6>Yeah?

0:39:15.080 --> 0:39:18.399
<v Speaker 8>And what's crazy is you know, no one ever learns

0:39:18.400 --> 0:39:20.960
<v Speaker 8>about this whole system. You're not taught about it in

0:39:21.080 --> 0:39:24.120
<v Speaker 8>high school or college, or your parents can't teach it

0:39:24.160 --> 0:39:27.080
<v Speaker 8>to you because it pretty much wasn't applicable then and

0:39:27.200 --> 0:39:30.640
<v Speaker 8>they didn't learn about it either. Yet, it controls so

0:39:30.800 --> 0:39:33.640
<v Speaker 8>much of what we do it controls, you know, as

0:39:33.640 --> 0:39:37.440
<v Speaker 8>you mentioned a mortgage, your credit cards, student loans, car loans,

0:39:38.160 --> 0:39:42.600
<v Speaker 8>but it's now even being used for auto insurance home insurance,

0:39:43.080 --> 0:39:46.879
<v Speaker 8>and the information they're collecting on you isn't always right

0:39:47.320 --> 0:39:49.719
<v Speaker 8>and you have very little recourse to correct it. And

0:39:49.760 --> 0:39:53.120
<v Speaker 8>that's something that we delve into in a whole chapter

0:39:53.239 --> 0:39:57.640
<v Speaker 8>called gaming the System how to actually correct this information

0:39:57.800 --> 0:40:00.240
<v Speaker 8>and remove negative information being.

0:40:00.200 --> 0:40:02.359
<v Speaker 2>They're about you and most people say have to say,

0:40:02.360 --> 0:40:04.400
<v Speaker 2>probably don't pull their annual credit report or look at

0:40:04.440 --> 0:40:05.160
<v Speaker 2>their credit report.

0:40:05.200 --> 0:40:06.719
<v Speaker 3>They just assume that it is what it is.

0:40:07.520 --> 0:40:10.719
<v Speaker 8>Yeah, and you know, that's the worst thing in the

0:40:10.719 --> 0:40:13.920
<v Speaker 8>world is to you know, we list the five biggest mistakes,

0:40:14.480 --> 0:40:17.759
<v Speaker 8>and one of them is that people don't look at

0:40:17.760 --> 0:40:19.920
<v Speaker 8>their credit and then they walk into a bank and say,

0:40:20.239 --> 0:40:22.719
<v Speaker 8>I'd like to get a loan. That's the wrong time

0:40:22.760 --> 0:40:24.960
<v Speaker 8>to figure out that something may not be quite right,

0:40:25.640 --> 0:40:28.080
<v Speaker 8>and you're taking their word for it that they're going

0:40:28.160 --> 0:40:29.600
<v Speaker 8>to give you the best deal because you just pay

0:40:29.600 --> 0:40:32.439
<v Speaker 8>your bills on time, and that's nothing could be further

0:40:32.480 --> 0:40:33.000
<v Speaker 8>from the truth.

0:40:33.360 --> 0:40:35.440
<v Speaker 2>In your job, because you do this for a living

0:40:35.480 --> 0:40:37.680
<v Speaker 2>and you work with people to try and get their

0:40:37.680 --> 0:40:40.160
<v Speaker 2>credit right and then some big names and some smaller

0:40:40.239 --> 0:40:43.320
<v Speaker 2>names probably as well too, and everywhere in between. Typically,

0:40:43.360 --> 0:40:47.040
<v Speaker 2>when someone is facing a credit issue, is it a

0:40:47.080 --> 0:40:50.040
<v Speaker 2>bad decision they made, is it bad luck? Is it

0:40:50.160 --> 0:40:52.799
<v Speaker 2>the credit bureau screwing things up? As a combination? What

0:40:52.920 --> 0:40:53.759
<v Speaker 2>typically do you say?

0:40:54.560 --> 0:40:58.279
<v Speaker 8>It really is a huge combination of things. In many

0:40:58.320 --> 0:41:01.279
<v Speaker 8>cases we see people with data associated to them because

0:41:01.280 --> 0:41:04.400
<v Speaker 8>they have a similar name to someone or similar social

0:41:05.160 --> 0:41:08.040
<v Speaker 8>But the biggest issue that I see, and it affects

0:41:08.200 --> 0:41:12.480
<v Speaker 8>thirty five percent of Americans or that we get medical collections.

0:41:13.080 --> 0:41:15.600
<v Speaker 8>And these are people that have health insurance. But because

0:41:15.600 --> 0:41:18.480
<v Speaker 8>the system is so flawed, and when you go to

0:41:18.520 --> 0:41:21.719
<v Speaker 8>the doctor, the hospital, the er, you hand over your

0:41:21.719 --> 0:41:24.960
<v Speaker 8>insurance card and you figure you're all good. But then

0:41:25.400 --> 0:41:27.560
<v Speaker 8>the doctor, the er they have a fight with the

0:41:27.600 --> 0:41:29.920
<v Speaker 8>insurance company over how much is supposed to be paid.

0:41:30.880 --> 0:41:33.280
<v Speaker 8>The balance that's in the middle if they can't agree

0:41:34.000 --> 0:41:36.120
<v Speaker 8>is your liability. And often you don't find out about

0:41:36.120 --> 0:41:38.240
<v Speaker 8>it until it's on your credit report and it lowers

0:41:38.239 --> 0:41:41.000
<v Speaker 8>your credit score by an average of fifty to one

0:41:41.080 --> 0:41:41.640
<v Speaker 8>hundred points.

0:41:41.760 --> 0:41:45.560
<v Speaker 2>Well that's insane, and that that's medical. And so if

0:41:45.560 --> 0:41:46.840
<v Speaker 2>you look at all this stuff and make it up.

0:41:46.840 --> 0:41:48.400
<v Speaker 2>There's a lot of numbers. There's a lot of codes.

0:41:48.760 --> 0:41:50.480
<v Speaker 2>It's meant for us not to understand eve when we

0:41:50.520 --> 0:41:52.480
<v Speaker 2>look at it, except maybe that wonders that, yeah, what

0:41:52.719 --> 0:41:57.040
<v Speaker 2>a one number. So let's start with this again, Anthony Davenport,

0:41:57.040 --> 0:41:59.520
<v Speaker 2>you're a score and inside your secrets to understanding, controlling

0:41:59.560 --> 0:42:01.520
<v Speaker 2>and protect your credit score this morning on the show.

0:42:02.040 --> 0:42:05.680
<v Speaker 2>So what are the numbers that go into Obviously it's

0:42:06.440 --> 0:42:08.759
<v Speaker 2>on the amount you borrow, there's a ratio between the

0:42:08.840 --> 0:42:10.560
<v Speaker 2>cap on your limit on your card and how much

0:42:10.600 --> 0:42:13.000
<v Speaker 2>you have out time to pay, things like that, But

0:42:13.040 --> 0:42:13.440
<v Speaker 2>what are some of.

0:42:13.440 --> 0:42:14.600
<v Speaker 3>The other factors.

0:42:15.000 --> 0:42:18.400
<v Speaker 8>So what catches most people off guard is that thirty

0:42:18.400 --> 0:42:21.200
<v Speaker 8>five percent of your score, which is the biggest percentage

0:42:21.280 --> 0:42:23.520
<v Speaker 8>of it, comes down to whether you pay your bills

0:42:23.560 --> 0:42:27.280
<v Speaker 8>on time. But now the other sixty five percent has

0:42:27.320 --> 0:42:31.120
<v Speaker 8>absolutely nothing to do with whether you pay your bills

0:42:31.120 --> 0:42:34.360
<v Speaker 8>on time, and that's usually what people can correct easier

0:42:34.560 --> 0:42:37.640
<v Speaker 8>than their payment history. So the next biggest chunk of

0:42:37.640 --> 0:42:41.000
<v Speaker 8>it is thirty percent of your score. Almost as much

0:42:41.000 --> 0:42:43.640
<v Speaker 8>as whether you pay your bills on time comes down

0:42:43.680 --> 0:42:48.040
<v Speaker 8>to how much of your credit cards you're using. And

0:42:48.080 --> 0:42:50.080
<v Speaker 8>this is this is not like whether your pay your

0:42:50.120 --> 0:42:52.839
<v Speaker 8>bills off in full each month. Remember that they only

0:42:52.920 --> 0:42:56.360
<v Speaker 8>update the bureaus every thirty to forty five days. So

0:42:56.440 --> 0:42:58.680
<v Speaker 8>if you're someone that maxes out a card and then

0:42:58.680 --> 0:43:01.480
<v Speaker 8>pays it off a week later, your credit score took

0:43:01.719 --> 0:43:05.000
<v Speaker 8>could plummet because of when they report that balance to

0:43:05.040 --> 0:43:07.359
<v Speaker 8>the bureaus, and then you look like a credit risk.

0:43:07.480 --> 0:43:08.320
<v Speaker 3>Wow, that's interesting.

0:43:08.960 --> 0:43:11.279
<v Speaker 2>So it's something that seemingly you would never think of

0:43:11.840 --> 0:43:14.440
<v Speaker 2>that factors in is having a huge impact.

0:43:14.200 --> 0:43:14.720
<v Speaker 3>On your credit.

0:43:15.320 --> 0:43:17.880
<v Speaker 8>It's massive impact, and it catches people off guard, no

0:43:17.880 --> 0:43:20.160
<v Speaker 8>matter how much money they make or what their payment

0:43:20.200 --> 0:43:20.759
<v Speaker 8>history is like.

0:43:21.520 --> 0:43:24.720
<v Speaker 2>Typically, when you run into problems with this, you start

0:43:24.760 --> 0:43:27.959
<v Speaker 2>missing things like a mortgage payment, delinquency on a loan,

0:43:28.880 --> 0:43:31.040
<v Speaker 2>going more than sixty days late on a car loan,

0:43:31.120 --> 0:43:33.400
<v Speaker 2>things like that. Those are the big ones that are

0:43:33.400 --> 0:43:35.319
<v Speaker 2>going to wind up getting you in trouble real quick.

0:43:35.400 --> 0:43:39.600
<v Speaker 8>Right, Yeah, they do. But I'll tell you that in

0:43:39.680 --> 0:43:42.840
<v Speaker 8>terms of the things that impact your score the most,

0:43:43.400 --> 0:43:46.799
<v Speaker 8>usually it's going to be like a collection account when

0:43:46.840 --> 0:43:50.239
<v Speaker 8>you don't return that cable box or you get a

0:43:50.239 --> 0:43:54.040
<v Speaker 8>medical collection needn't know about. Those things typically impact you

0:43:54.080 --> 0:43:56.800
<v Speaker 8>a huge amount. A mortgage will impact you the most

0:43:57.200 --> 0:43:59.799
<v Speaker 8>you know, if you miss your mortgage payment, but other

0:43:59.840 --> 0:44:02.920
<v Speaker 8>things like that will have a huge, massive impact. And

0:44:03.000 --> 0:44:06.000
<v Speaker 8>another crazy thing that we get into is the fact

0:44:06.040 --> 0:44:10.040
<v Speaker 8>that if you have previously immaculate history and then you

0:44:10.120 --> 0:44:14.319
<v Speaker 8>have a late payment, that will impact you much more

0:44:14.360 --> 0:44:16.919
<v Speaker 8>than someone who occasionally misses a payment here or there.

0:44:18.320 --> 0:44:20.960
<v Speaker 2>Yeah, that makes I guess it makes sense too. And

0:44:21.160 --> 0:44:23.320
<v Speaker 2>you know, we buy stuff all the time. Most people

0:44:23.400 --> 0:44:25.960
<v Speaker 2>use their credit card for purchases big and small, don't

0:44:25.960 --> 0:44:28.520
<v Speaker 2>think anything of it, and try to pay the bill,

0:44:28.560 --> 0:44:30.279
<v Speaker 2>I guess at the end of the month. But man,

0:44:30.320 --> 0:44:31.960
<v Speaker 2>some things start falling between the cracks. You know, you

0:44:31.960 --> 0:44:34.600
<v Speaker 2>get a bill that somehow doesn't show up, and you've

0:44:34.600 --> 0:44:37.560
<v Speaker 2>got all sorts of problems and it compounds rather.

0:44:37.440 --> 0:44:38.200
<v Speaker 3>Quickly as well.

0:44:38.320 --> 0:44:40.080
<v Speaker 2>Do you have any recourse at that point though, with

0:44:40.120 --> 0:44:42.000
<v Speaker 2>a credit bure er is if something like that happens,

0:44:42.040 --> 0:44:43.120
<v Speaker 2>or do you have to go to the credit or

0:44:43.120 --> 0:44:44.880
<v Speaker 2>is there anything they can do or is it a

0:44:44.920 --> 0:44:46.320
<v Speaker 2>case where hey, it's out of my hands.

0:44:47.120 --> 0:44:50.160
<v Speaker 8>No, you absolutely can do something, and you should, especially

0:44:50.200 --> 0:44:52.200
<v Speaker 8>if you know that you're going to be facing hardship

0:44:52.239 --> 0:44:55.080
<v Speaker 8>in advance. You know, we put a whole chapter on

0:44:55.760 --> 0:44:58.960
<v Speaker 8>how to recover when disaster strikes or wouldn't. It's really

0:44:58.960 --> 0:45:02.000
<v Speaker 8>when life happens, because life is going to happen, and

0:45:02.000 --> 0:45:03.879
<v Speaker 8>it happens to most of us and we go through

0:45:03.880 --> 0:45:07.440
<v Speaker 8>these situations. So we basically a reference guide for if

0:45:07.440 --> 0:45:09.399
<v Speaker 8>this happens to you, this is how to deal with it.

0:45:09.680 --> 0:45:11.920
<v Speaker 8>This is how you deal with the creditor, this is

0:45:11.960 --> 0:45:14.120
<v Speaker 8>how you do with the credit bureau. It'll help you

0:45:14.160 --> 0:45:16.520
<v Speaker 8>get back on your feet and it resolve the issues,

0:45:17.200 --> 0:45:20.880
<v Speaker 8>but it does take persistence. It's not just a magical

0:45:20.960 --> 0:45:22.400
<v Speaker 8>you know, hit a button and things go away.

0:45:22.640 --> 0:45:25.400
<v Speaker 2>Student debt relief is a big topic in Washington. The

0:45:25.400 --> 0:45:28.160
<v Speaker 2>presidents trying to do it again and just continue to

0:45:28.600 --> 0:45:31.000
<v Speaker 2>write off all this money and we're just borrowing it

0:45:31.000 --> 0:45:33.040
<v Speaker 2>from our kids' future. So it's going to make it worse,

0:45:33.120 --> 0:45:35.120
<v Speaker 2>not better down the line. But they don't care because

0:45:35.480 --> 0:45:37.160
<v Speaker 2>money terms, that gets served and most they can be.

0:45:37.200 --> 0:45:40.440
<v Speaker 2>There's eight years, right, But Anthony Davenport on that too.

0:45:40.440 --> 0:45:42.640
<v Speaker 2>I mean, the candiates kicked down the road, but what

0:45:42.719 --> 0:45:44.400
<v Speaker 2>happens to the credit marcus overall?

0:45:44.680 --> 0:45:48.479
<v Speaker 8>So that's the big looming question right now is what

0:45:48.719 --> 0:45:52.319
<v Speaker 8>is going to be the next crisis and student loan

0:45:52.360 --> 0:45:56.320
<v Speaker 8>debt is almost double the amount of debt of or

0:45:56.400 --> 0:45:59.520
<v Speaker 8>on credit cards, so many people are getting them that

0:45:59.520 --> 0:46:03.680
<v Speaker 8>Now they're been changing rules within the government about being

0:46:03.760 --> 0:46:07.399
<v Speaker 8>able to garnish your social security because they're expecting people

0:46:07.480 --> 0:46:12.239
<v Speaker 8>to go into retirement owing student loan debt. So people

0:46:12.280 --> 0:46:15.200
<v Speaker 8>are falling behind on that. They don't have the means

0:46:15.239 --> 0:46:18.200
<v Speaker 8>to be able to make payments on these massive amounts

0:46:18.200 --> 0:46:22.440
<v Speaker 8>of debt. And that's a huge issue. You know, we

0:46:22.480 --> 0:46:26.400
<v Speaker 8>wrote about that extensively because student loan debt, falling behind

0:46:26.440 --> 0:46:30.480
<v Speaker 8>on it, it's a massive, massive, massive problem.

0:46:30.560 --> 0:46:32.560
<v Speaker 2>It is too and I think that's a I don't

0:46:32.560 --> 0:46:33.919
<v Speaker 2>know if I want to call it a bubble because

0:46:33.920 --> 0:46:35.960
<v Speaker 2>it's so subsidized at this point, but I think it's

0:46:35.960 --> 0:46:38.400
<v Speaker 2>going to catch up, right, because if you have all

0:46:38.400 --> 0:46:40.440
<v Speaker 2>this outstanding debt and you have no means to pay

0:46:40.440 --> 0:46:42.239
<v Speaker 2>it off and mom and dad co signed, you're going

0:46:42.320 --> 0:46:44.680
<v Speaker 2>to screw up their social security. That's going to get garnished.

0:46:44.800 --> 0:46:47.880
<v Speaker 2>Your social security is going to get garnished, and the

0:46:47.920 --> 0:46:51.200
<v Speaker 2>whole industry is set up to make sure that that happens.

0:46:51.640 --> 0:46:53.560
<v Speaker 2>It's the one loan you can't get discharged. And I

0:46:53.560 --> 0:46:56.360
<v Speaker 2>think they learned a lot too from the two thousand

0:46:56.360 --> 0:46:59.000
<v Speaker 2>and eight crash and so on. Is to learn how

0:46:59.040 --> 0:47:01.520
<v Speaker 2>to make sure that bubble dozen per so the money

0:47:01.600 --> 0:47:02.200
<v Speaker 2>keeps coming in.

0:47:03.160 --> 0:47:05.400
<v Speaker 8>You're right, and the fact is most of these student

0:47:05.400 --> 0:47:08.400
<v Speaker 8>loans are backed by the federal government, which has so

0:47:08.600 --> 0:47:10.520
<v Speaker 8>many options to collect the money from you.

0:47:11.200 --> 0:47:13.720
<v Speaker 2>Again, the name of the book is an Insider Secret

0:47:13.800 --> 0:47:17.600
<v Speaker 2>to understanding, controlling and protecting your credit score. Anthony Davenport,

0:47:17.600 --> 0:47:19.360
<v Speaker 2>thanks for the time. Good stuff, appreciate.

0:47:18.960 --> 0:47:20.520
<v Speaker 8>It, Thanks Scott Pleasure.

0:47:20.960 --> 0:47:23.200
<v Speaker 2>It's kind of like the batteries and your smoke detector

0:47:23.280 --> 0:47:25.560
<v Speaker 2>dur the time change. Got to remember to do these

0:47:25.600 --> 0:47:28.239
<v Speaker 2>little things. Check those credit ports, just make sure. Just

0:47:28.280 --> 0:47:30.600
<v Speaker 2>takes a few minutes anyway, and then you know where

0:47:30.600 --> 0:47:34.320
<v Speaker 2>your stuff is. Set it and forget it. And speaking

0:47:34.360 --> 0:47:36.160
<v Speaker 2>of money, we'll talk to Andy Shaffer from all Worth

0:47:36.200 --> 0:47:38.640
<v Speaker 2>Financial one more time this year. He's at eleven thirty five.

0:47:39.440 --> 0:47:41.640
<v Speaker 2>We've got news now though here on the Home of

0:47:41.680 --> 0:47:45.320
<v Speaker 2>the Best Bengals coverage seven hundred WLW Cincinnati six million

0:47:45.360 --> 0:47:48.320
<v Speaker 2>packages every single day during the holidays. That number is

0:47:48.320 --> 0:47:51.000
<v Speaker 2>going to go up. Americans will ship back and forth

0:47:51.080 --> 0:47:54.760
<v Speaker 2>something like three billion packages, which is an incredible number.

0:47:55.560 --> 0:47:57.879
<v Speaker 2>All I know is this. I get my Amazon app out,

0:47:57.880 --> 0:48:00.759
<v Speaker 2>I'm a prime member. I see something I clicked by.

0:48:00.840 --> 0:48:03.040
<v Speaker 2>Two days later, there's a box at my front door.

0:48:03.560 --> 0:48:06.120
<v Speaker 2>What the hell happens in between? Adam Baker's here. Adam

0:48:06.200 --> 0:48:09.080
<v Speaker 2>is vice president of Global Transportation Services and a global

0:48:09.120 --> 0:48:09.840
<v Speaker 2>mile at Amazon.

0:48:10.080 --> 0:48:10.800
<v Speaker 3>Adam, how are.

0:48:10.640 --> 0:48:12.960
<v Speaker 6>You very good? Thank you very much for having me

0:48:13.000 --> 0:48:13.480
<v Speaker 6>on your show.

0:48:13.520 --> 0:48:16.600
<v Speaker 2>Yeah, appreciate it. How come you have time to talk

0:48:16.640 --> 0:48:18.640
<v Speaker 2>to me? You shouldn't you be out doing stuff?

0:48:19.080 --> 0:48:20.560
<v Speaker 6>I am very busy this time of.

0:48:20.560 --> 0:48:23.600
<v Speaker 9>Year, but this is my twentieth season, so I got

0:48:23.760 --> 0:48:24.960
<v Speaker 9>I can make a little bit of.

0:48:24.880 --> 0:48:25.400
<v Speaker 6>Time for you.

0:48:25.280 --> 0:48:27.279
<v Speaker 3>You got some minions I got. I appreciate it.

0:48:27.920 --> 0:48:30.279
<v Speaker 2>How much more volume do you do in December, say,

0:48:30.960 --> 0:48:33.200
<v Speaker 2>versus July or June or summer months.

0:48:33.280 --> 0:48:37.120
<v Speaker 9>Oh, the holiday season is one of our peak THEESUS

0:48:37.160 --> 0:48:40.400
<v Speaker 9>throughout the year, you know, just going into the Cyber

0:48:40.440 --> 0:48:42.040
<v Speaker 9>Monday and including Cyber Monday.

0:48:41.880 --> 0:48:44.760
<v Speaker 6>The eleven days we sold over a billion units.

0:48:45.040 --> 0:48:48.200
<v Speaker 9>That was a thousand items a second on Black Friday

0:48:48.320 --> 0:48:51.720
<v Speaker 9>alone getting sold. So there's a tremendous amount of volume

0:48:51.719 --> 0:48:54.399
<v Speaker 9>that comes through our system during this time period, and

0:48:54.440 --> 0:48:57.440
<v Speaker 9>we've planned and prepared for this for many many months

0:48:57.960 --> 0:49:01.279
<v Speaker 9>through our investments in our workforce, through one point two

0:49:01.320 --> 0:49:04.879
<v Speaker 9>billion dollars in up skilling for training and education, as

0:49:04.920 --> 0:49:07.000
<v Speaker 9>well as the onboarding of over two hundred and fifty

0:49:07.160 --> 0:49:09.280
<v Speaker 9>thousand people during this time period.

0:49:09.800 --> 0:49:12.880
<v Speaker 2>So the hiring has been good for you guys. And

0:49:12.920 --> 0:49:14.640
<v Speaker 2>I think it's interesting too because you see your ads

0:49:14.680 --> 0:49:17.360
<v Speaker 2>all the time. You're always recruiting as big a company

0:49:17.400 --> 0:49:21.360
<v Speaker 2>as you are, and the benefits and compensation are great.

0:49:21.719 --> 0:49:25.480
<v Speaker 2>That then drives up I guess better wages and things

0:49:25.480 --> 0:49:28.880
<v Speaker 2>for everyone else too, so it rises all ships. So

0:49:29.040 --> 0:49:31.560
<v Speaker 2>the fast fulfillment dates because you're seeing an uptick. You're

0:49:31.560 --> 0:49:34.960
<v Speaker 2>getting you got the bodies, clearly, you've got the fleet,

0:49:35.000 --> 0:49:38.880
<v Speaker 2>the facilities, and the logistics to do this. But because

0:49:38.920 --> 0:49:40.920
<v Speaker 2>I can still get stuff in two days via Amazon,

0:49:40.920 --> 0:49:43.320
<v Speaker 2>even this close to the holidays, it means your supply

0:49:43.440 --> 0:49:45.120
<v Speaker 2>chain at the front and has to really move. It

0:49:45.160 --> 0:49:47.319
<v Speaker 2>means your suppliers are cranking stuff out. So have you

0:49:47.440 --> 0:49:49.960
<v Speaker 2>also seen an increase then and had to increase like

0:49:50.800 --> 0:49:53.800
<v Speaker 2>the number of ports that container ships will ship to

0:49:53.920 --> 0:49:54.279
<v Speaker 2>and such.

0:49:54.480 --> 0:50:00.880
<v Speaker 9>So we absolutely have a tremendous supply chain groups powered

0:50:00.880 --> 0:50:05.799
<v Speaker 9>by AI actually, So it's the fighting optimization technology. It's

0:50:05.960 --> 0:50:09.680
<v Speaker 9>a phenomenal organization. What they're doing is they're going through

0:50:09.760 --> 0:50:12.800
<v Speaker 9>trying to figure out a four hundred million unique items

0:50:12.840 --> 0:50:15.600
<v Speaker 9>that are being sold throughout the United States. They try

0:50:15.600 --> 0:50:18.080
<v Speaker 9>to figure out how much to buy, how much, where

0:50:18.120 --> 0:50:21.520
<v Speaker 9>to source those from, whether it's overseas or domestically, in

0:50:21.600 --> 0:50:23.280
<v Speaker 9>order to make sure that we have it on time

0:50:23.920 --> 0:50:26.520
<v Speaker 9>for the point of sale. They then try to figure

0:50:26.520 --> 0:50:29.120
<v Speaker 9>out where to place those four hundred unique items through

0:50:29.239 --> 0:50:32.719
<v Speaker 9>hundreds of facilities in the United States and other places.

0:50:33.160 --> 0:50:35.440
<v Speaker 9>And they also have to predict it at the appropriate

0:50:35.480 --> 0:50:38.160
<v Speaker 9>inventory level to make sure when you click that buy

0:50:38.200 --> 0:50:40.800
<v Speaker 9>now button, we can get it to your porch in

0:50:40.880 --> 0:50:44.440
<v Speaker 9>a day and in many places three to five hours.

0:50:44.800 --> 0:50:46.719
<v Speaker 2>Yeah, I mean it's incredible what you can get same

0:50:46.800 --> 0:50:48.839
<v Speaker 2>day or if I'll be here on your doorstep before

0:50:48.880 --> 0:50:51.319
<v Speaker 2>ordered by midnight, And it's incredible to me. If it's

0:50:51.320 --> 0:50:55.640
<v Speaker 2>something stupid, it's like not yeah, toilet paper paper tells something.

0:50:55.680 --> 0:50:57.920
<v Speaker 2>But I need a I don't know, I build stuff,

0:50:57.920 --> 0:50:59.920
<v Speaker 2>so I need a particular part for a remodel I'm

0:51:00.040 --> 0:51:02.440
<v Speaker 2>working on, so I may order it and go, oh yeah,

0:51:02.480 --> 0:51:06.640
<v Speaker 2>I'll be here overnight. The logistics and the hubspoken hub

0:51:06.680 --> 0:51:08.080
<v Speaker 2>system that you have is incredible.

0:51:08.120 --> 0:51:08.920
<v Speaker 3>So let's go through that.

0:51:08.960 --> 0:51:12.960
<v Speaker 2>Adam Baker with Amazon in talking about I click, I

0:51:13.000 --> 0:51:15.080
<v Speaker 2>buy something a day or two days later or the same

0:51:15.080 --> 0:51:16.920
<v Speaker 2>day shows up on my door. But there's so much

0:51:16.960 --> 0:51:19.960
<v Speaker 2>happening in between that too, So let's just start with this,

0:51:20.120 --> 0:51:22.160
<v Speaker 2>I click and then what happens give me the deep

0:51:22.200 --> 0:51:24.359
<v Speaker 2>dive on what occurs after I place my order.

0:51:24.480 --> 0:51:26.480
<v Speaker 6>Well, right, I'm in the same boat as you.

0:51:26.960 --> 0:51:30.720
<v Speaker 9>I have many everyday essentials delivered to my porch on

0:51:30.800 --> 0:51:33.880
<v Speaker 9>a daily basis, but also in the middle of the garage,

0:51:33.920 --> 0:51:36.960
<v Speaker 9>and I need a torquerench or something like that, and

0:51:37.440 --> 0:51:40.560
<v Speaker 9>somehow we are able to get it to me before dinner.

0:51:40.719 --> 0:51:44.359
<v Speaker 6>So it's impressive. But this network starts with the time

0:51:44.400 --> 0:51:44.719
<v Speaker 6>you click.

0:51:44.800 --> 0:51:47.160
<v Speaker 9>By now, we talked a little bit about how we

0:51:47.239 --> 0:51:51.480
<v Speaker 9>place the inventory, but after that it then comes into

0:51:51.480 --> 0:51:52.680
<v Speaker 9>our fulfillment centers.

0:51:52.800 --> 0:51:54.320
<v Speaker 6>Okay, the our fulfillment centers.

0:51:54.400 --> 0:51:56.839
<v Speaker 2>Yeah, I'm sorry, And let's before we get there, let's

0:51:56.840 --> 0:51:59.759
<v Speaker 2>describe how the system works. Right, because I know that

0:51:59.840 --> 0:52:02.879
<v Speaker 2>you took the Superdome in Detroit, which is about five

0:52:02.920 --> 0:52:05.920
<v Speaker 2>hours away for us, four hours away from us, and

0:52:06.000 --> 0:52:08.160
<v Speaker 2>turn that into a hub but we also have here

0:52:08.200 --> 0:52:11.000
<v Speaker 2>in Cincinnati at CVG. You've got like twelve flights a

0:52:11.080 --> 0:52:13.800
<v Speaker 2>day going out too, So you've got a completely automated

0:52:13.920 --> 0:52:16.360
<v Speaker 2>robotic system here at CVG. So it's not just you know,

0:52:16.400 --> 0:52:18.440
<v Speaker 2>coming from one place, you have these all over the place.

0:52:18.560 --> 0:52:22.399
<v Speaker 9>That's a great example of where we've deployed over seven

0:52:22.480 --> 0:52:26.160
<v Speaker 9>hundred and fifty thousand robots throughout the Amazon network.

0:52:26.239 --> 0:52:29.480
<v Speaker 2>All right, so I ordered, I order this torks you mean, say,

0:52:29.760 --> 0:52:32.920
<v Speaker 2>a Torqu's ranch or a Torqus driver, and I get that.

0:52:32.960 --> 0:52:35.120
<v Speaker 2>All right, I need that, and it's coming in I

0:52:35.160 --> 0:52:37.000
<v Speaker 2>don't know, overnight or whatever I place it order.

0:52:37.000 --> 0:52:38.200
<v Speaker 3>It goes to I don't know.

0:52:38.200 --> 0:52:40.920
<v Speaker 2>I guess the closest one where they stock like two

0:52:41.000 --> 0:52:43.520
<v Speaker 2>billion things would be Detroit. I'm guessing it's coming out

0:52:43.560 --> 0:52:46.200
<v Speaker 2>of there or somewhere similar, depending where you live. And

0:52:46.680 --> 0:52:49.000
<v Speaker 2>does that get on a does that get on a plane?

0:52:49.040 --> 0:52:52.920
<v Speaker 2>Is that is that then sent via truck the distribution

0:52:53.000 --> 0:52:55.040
<v Speaker 2>network for that one little thing? How many hands does

0:52:55.040 --> 0:52:56.719
<v Speaker 2>that pass through? How many ports does that go through?

0:52:58.120 --> 0:53:02.200
<v Speaker 9>Well, when we're doing our job right and well, it'll

0:53:02.239 --> 0:53:05.480
<v Speaker 9>be coming through our regionalized network on the ground. So

0:53:06.040 --> 0:53:09.120
<v Speaker 9>over the last year we went from a national fulfillment

0:53:09.120 --> 0:53:11.239
<v Speaker 9>network in which an item could be flying through all

0:53:11.280 --> 0:53:16.320
<v Speaker 9>these hubs from coast to coast, we moved into a regionalized.

0:53:15.680 --> 0:53:19.840
<v Speaker 6>Network that basically is there's eight regents in the United.

0:53:19.600 --> 0:53:23.400
<v Speaker 9>States, and within each region, we're actually able to fill

0:53:23.560 --> 0:53:26.359
<v Speaker 9>seventy six percent of the demand within the region, and

0:53:26.400 --> 0:53:28.279
<v Speaker 9>so we're keeping it on the ground, which is good

0:53:28.280 --> 0:53:30.799
<v Speaker 9>for the environment, it's good for the speed, and it's

0:53:30.840 --> 0:53:32.200
<v Speaker 9>also very good for our cost.

0:53:32.640 --> 0:53:35.800
<v Speaker 2>Adam Banker, vice president of Global Transportation Services and Global

0:53:35.800 --> 0:53:37.960
<v Speaker 2>Mile of Amazon. We're talking about how you click and

0:53:38.000 --> 0:53:41.440
<v Speaker 2>then the same day, the next day or two days later,

0:53:41.800 --> 0:53:45.080
<v Speaker 2>this obscure object whatever is you order or order of

0:53:45.200 --> 0:53:47.439
<v Speaker 2>multiple orders shows up on your doorstep. We just don't

0:53:47.440 --> 0:53:49.160
<v Speaker 2>think about it. It's cool because you go out two

0:53:49.200 --> 0:53:50.960
<v Speaker 2>days This is amazing. I know exactly where it is

0:53:50.960 --> 0:53:53.440
<v Speaker 2>in the world and when it's getting delivered, and I

0:53:53.440 --> 0:53:55.600
<v Speaker 2>even know after it's delivered as well, when it's on

0:53:55.600 --> 0:53:58.880
<v Speaker 2>my doorstep, which is absolutely incredibly Just take it for granted.

0:53:59.239 --> 0:54:01.440
<v Speaker 2>With this time of year, the holidays being here, it's

0:54:01.480 --> 0:54:03.400
<v Speaker 2>a better time than ever before to talk about what

0:54:03.480 --> 0:54:07.000
<v Speaker 2>happens after you click. And so that part then somehow

0:54:07.080 --> 0:54:09.680
<v Speaker 2>ends up on my door inside one of these facilities,

0:54:09.680 --> 0:54:13.000
<v Speaker 2>whether it's at CBG or in Detroit as well, what

0:54:13.080 --> 0:54:15.120
<v Speaker 2>goes on there, How much of this is automated, how

0:54:15.200 --> 0:54:17.680
<v Speaker 2>much of this is robotics, how much is that it

0:54:17.960 --> 0:54:21.520
<v Speaker 2>hands on? And does that change based on the location

0:54:21.640 --> 0:54:22.920
<v Speaker 2>the type of facility that is.

0:54:23.080 --> 0:54:26.800
<v Speaker 9>So I've actually been into the CBG hubs quite frequently,

0:54:27.840 --> 0:54:31.759
<v Speaker 9>but yes, there's a tremendous amount of robotics in our facilities,

0:54:32.040 --> 0:54:34.480
<v Speaker 9>especially as it relates to the items that.

0:54:34.440 --> 0:54:35.280
<v Speaker 6>We're talking about.

0:54:35.560 --> 0:54:39.600
<v Speaker 9>Those robots are moving inventory around to make a safer

0:54:39.719 --> 0:54:43.160
<v Speaker 9>environment for our employees. They're eliminating some of the lifting

0:54:43.560 --> 0:54:47.560
<v Speaker 9>that's required, so they'll actually pick up carts that contain

0:54:47.640 --> 0:54:51.120
<v Speaker 9>completed packages and move them on to our trailers to

0:54:51.120 --> 0:54:55.560
<v Speaker 9>go outside the door. So within each facilities, we also

0:54:55.640 --> 0:54:59.640
<v Speaker 9>even have robotic arms that are used to be able

0:54:59.680 --> 0:55:03.440
<v Speaker 9>to actotes as well as pick items out of individual

0:55:03.520 --> 0:55:08.640
<v Speaker 9>inventory pods. So the level of robotics does vary depending

0:55:08.680 --> 0:55:14.280
<v Speaker 9>on how old a particular building is. But all across

0:55:14.360 --> 0:55:18.479
<v Speaker 9>the US worldwide, we've created over seven hundred new job

0:55:18.520 --> 0:55:22.200
<v Speaker 9>categories and over a hundred thousand new jobs.

0:55:23.480 --> 0:55:26.279
<v Speaker 2>It is amazing too because it works so well and

0:55:26.320 --> 0:55:28.200
<v Speaker 2>we just don't think about it. We don't think about

0:55:28.200 --> 0:55:29.880
<v Speaker 2>the user and I click and it shows up. But

0:55:30.320 --> 0:55:33.720
<v Speaker 2>everything in between is a miracle of modern technology of AI,

0:55:33.760 --> 0:55:38.640
<v Speaker 2>of computers. It's literally the cutting edge of American consumption, consumerism,

0:55:38.800 --> 0:55:41.000
<v Speaker 2>and our capitalistic society. It's something else.

0:55:41.560 --> 0:55:45.480
<v Speaker 9>It's really impressive to be able to make robotics AI

0:55:46.280 --> 0:55:50.719
<v Speaker 9>with our workforce. This creates a very collaborative environment with

0:55:50.760 --> 0:55:53.319
<v Speaker 9>our employees to enable them to be able to work

0:55:53.360 --> 0:55:56.960
<v Speaker 9>an incredibly safe and ergonomic environment while still be able

0:55:57.000 --> 0:55:59.319
<v Speaker 9>to deliver at the speeds that our customers have come

0:55:59.440 --> 0:56:02.879
<v Speaker 9>a customs to other applications that AI are actually even

0:56:02.920 --> 0:56:05.880
<v Speaker 9>in the delivery programs. So we talked about getting the

0:56:05.920 --> 0:56:09.040
<v Speaker 9>item out of a fulfillment center and somewhat through our

0:56:09.040 --> 0:56:11.840
<v Speaker 9>transportation network, but we still have to put it on

0:56:11.880 --> 0:56:15.200
<v Speaker 9>your porch. AI has been used in that case to

0:56:15.239 --> 0:56:18.640
<v Speaker 9>go through and try to group all those thousands and

0:56:18.640 --> 0:56:23.160
<v Speaker 9>thousands of shipments together into a logical route that's carbon efficient,

0:56:23.400 --> 0:56:28.719
<v Speaker 9>highly dense, and simple for our delivery service partner providers

0:56:28.760 --> 0:56:33.240
<v Speaker 9>to be able to utilize. But when you have weather

0:56:33.440 --> 0:56:33.960
<v Speaker 9>or any.

0:56:33.800 --> 0:56:36.160
<v Speaker 6>Other unexpected activity, when you're out on the road.

0:56:36.719 --> 0:56:41.320
<v Speaker 9>AI jumps in and recalculates those routes rewraps the driver

0:56:42.080 --> 0:56:45.640
<v Speaker 9>to ensure that they have an easy, simplistic route to complete,

0:56:46.000 --> 0:56:48.200
<v Speaker 9>as well as making sure we get that package on

0:56:48.239 --> 0:56:49.120
<v Speaker 9>your porch on time.

0:56:49.760 --> 0:56:51.839
<v Speaker 2>Yeah, and I think it's an interesting part about it too,

0:56:51.840 --> 0:56:54.719
<v Speaker 2>because you as well, we only make fewer right so

0:56:54.840 --> 0:56:57.520
<v Speaker 2>fewer left turns as possible to save time and gas,

0:56:57.520 --> 0:56:58.680
<v Speaker 2>and that's really a thing.

0:56:59.280 --> 0:57:01.320
<v Speaker 3>But AI is taking this to the next level.

0:57:01.400 --> 0:57:02.000
<v Speaker 6>Absolutely.

0:57:02.040 --> 0:57:05.920
<v Speaker 9>AI has begun to really change the way we actually

0:57:05.960 --> 0:57:11.000
<v Speaker 9>do our routing, help us incorporate the unpredictable into what's

0:57:11.040 --> 0:57:14.200
<v Speaker 9>been going on. And then we're beginning to use generative

0:57:14.280 --> 0:57:18.480
<v Speaker 9>AI to go and take all the delivery preferences that

0:57:19.320 --> 0:57:21.840
<v Speaker 9>people have had in terms of like how do you

0:57:21.880 --> 0:57:25.320
<v Speaker 9>get into some of these complicated apartment complexes. There are

0:57:26.200 --> 0:57:30.840
<v Speaker 9>difficult entries into some houses and some neighborhoods that after

0:57:30.880 --> 0:57:33.240
<v Speaker 9>you've done this successfully a couple of times and have

0:57:33.400 --> 0:57:36.160
<v Speaker 9>that in your data set, the generative AI can help

0:57:36.200 --> 0:57:40.160
<v Speaker 9>work and provide those simplistic instructions for those drivers.

0:57:40.520 --> 0:57:43.120
<v Speaker 2>Yeah, because I'd imagine with the number of bodies that

0:57:43.200 --> 0:57:45.920
<v Speaker 2>you have, and they're human beings, they get sick, they

0:57:45.960 --> 0:57:48.280
<v Speaker 2>take days off in vacations, and you may have different

0:57:48.320 --> 0:57:50.440
<v Speaker 2>drivers on every route. I mean, my driver doesn't even

0:57:50.440 --> 0:57:51.960
<v Speaker 2>look like it's the same driver every time, and yet

0:57:52.040 --> 0:57:56.200
<v Speaker 2>they know. And that's because AI. That's because it's all

0:57:56.280 --> 0:57:57.760
<v Speaker 2>right there in front of It tells them what to

0:57:57.840 --> 0:57:59.959
<v Speaker 2>do step by step, so it doesn't matter the person

0:58:00.120 --> 0:58:02.240
<v Speaker 2>and they can literally slide in and do that. If

0:58:02.240 --> 0:58:04.000
<v Speaker 2>you're trained as a driver, you can do that job

0:58:04.000 --> 0:58:04.720
<v Speaker 2>in any neighborhood.

0:58:04.720 --> 0:58:05.880
<v Speaker 6>It sounds like well, and this.

0:58:06.320 --> 0:58:09.760
<v Speaker 9>Goes to how Amazon has been actually helping support small

0:58:09.840 --> 0:58:14.560
<v Speaker 9>medium sized businesses with our Delivery Service Provider program so

0:58:15.000 --> 0:58:18.320
<v Speaker 9>they can there's thirty five hundred small businesses that are

0:58:18.320 --> 0:58:19.680
<v Speaker 9>employing two hundred and seventy.

0:58:19.520 --> 0:58:21.480
<v Speaker 6>Nine thousand drivers worldwide.

0:58:22.160 --> 0:58:25.200
<v Speaker 9>Our tools that we've built in AI, whether it's the

0:58:25.560 --> 0:58:29.440
<v Speaker 9>generative AI that's coming out or the routing, has enabled

0:58:29.480 --> 0:58:33.680
<v Speaker 9>these delivery service providers to be able to hire drivers

0:58:33.920 --> 0:58:36.840
<v Speaker 9>and be able to change routes as necessary. But they

0:58:36.840 --> 0:58:40.280
<v Speaker 9>have generated over forty five billion dollars in revenue.

0:58:41.160 --> 0:58:42.960
<v Speaker 6>So it's an amazing.

0:58:42.480 --> 0:58:46.560
<v Speaker 9>Opportunity for small businesses and shows our commitment to their growth.

0:58:46.880 --> 0:58:49.240
<v Speaker 2>It is an incredible thing to think of how quickly.

0:58:49.280 --> 0:58:50.880
<v Speaker 2>The stuff from all the way around the world can

0:58:50.920 --> 0:58:53.680
<v Speaker 2>get to us in such a short fast period of time.

0:58:54.040 --> 0:58:56.320
<v Speaker 2>What's the biggest challenge for you guys moving forward here?

0:58:57.040 --> 0:58:59.760
<v Speaker 9>One of the largest challenges that we face is making

0:58:59.800 --> 0:59:04.080
<v Speaker 9>sure that we are always focused on taking care of

0:59:04.120 --> 0:59:08.400
<v Speaker 9>our customer in terms of the price selection and convenience

0:59:08.480 --> 0:59:11.560
<v Speaker 9>that they demand. The customers never ask for a product

0:59:11.560 --> 0:59:13.520
<v Speaker 9>to be slower, They never asked for it to be

0:59:13.560 --> 0:59:15.880
<v Speaker 9>more expensive, and they never ask it for it to

0:59:15.920 --> 0:59:18.880
<v Speaker 9>be less convenient. So that's the biggest challenge that we have.

0:59:19.080 --> 0:59:22.160
<v Speaker 9>When we're at the scale that we're at, servicing so

0:59:22.320 --> 0:59:28.400
<v Speaker 9>many customers worldwide as well as inside each individual's small neighborhood,

0:59:29.240 --> 0:59:32.080
<v Speaker 9>that is the biggest challenge is how do we continually

0:59:32.440 --> 0:59:36.040
<v Speaker 9>to push that envelope on more than four hundred million

0:59:36.120 --> 0:59:39.240
<v Speaker 9>unique items, be able to deliver in one day or

0:59:39.320 --> 0:59:40.200
<v Speaker 9>less or in.

0:59:40.000 --> 0:59:41.680
<v Speaker 6>Many cases three to five hours.

0:59:41.960 --> 0:59:45.320
<v Speaker 9>That's an incredible challenge, and I believe that we continue

0:59:45.360 --> 0:59:49.280
<v Speaker 9>to deliver on that price selection and speed for our customers.

0:59:49.920 --> 0:59:51.640
<v Speaker 2>One other thing I'd add too, With this time of

0:59:51.680 --> 0:59:53.800
<v Speaker 2>the year and the demand, the demand is extremely high.

0:59:53.840 --> 0:59:56.160
<v Speaker 3>This is your busiest time of the year. The postal service.

0:59:56.240 --> 0:59:58.400
<v Speaker 2>I think they see a huge uptick they do like

0:59:58.400 --> 1:00:00.960
<v Speaker 2>twenty million, you guys are going to do in the

1:00:01.000 --> 1:00:05.480
<v Speaker 2>billions when it comes to Amazon outside of talent. You

1:00:05.480 --> 1:00:07.400
<v Speaker 2>know what we saw during COVID where no one could

1:00:07.440 --> 1:00:09.240
<v Speaker 2>go into work. That was a huge challenge for the

1:00:09.240 --> 1:00:13.480
<v Speaker 2>supply chain and everything completely a huge learning experience for

1:00:13.520 --> 1:00:15.880
<v Speaker 2>you guys. But I think the other intangible here is

1:00:15.920 --> 1:00:19.680
<v Speaker 2>the weather. You've got high demand, you've got some challenging

1:00:19.720 --> 1:00:21.920
<v Speaker 2>weather concerns with you know, snow moving in.

1:00:21.920 --> 1:00:23.120
<v Speaker 3>Et cetera, et cetera.

1:00:23.680 --> 1:00:25.400
<v Speaker 2>How does AI or how do you guys adapt to

1:00:25.440 --> 1:00:28.160
<v Speaker 2>that make that change so it is seamless. You know,

1:00:28.200 --> 1:00:29.920
<v Speaker 2>you may have a slight delay in an item, but

1:00:29.960 --> 1:00:32.400
<v Speaker 2>it's only going to be a day. Whereas airlines, I

1:00:32.400 --> 1:00:34.800
<v Speaker 2>mean it seems like passenger lines take a lot longer

1:00:34.800 --> 1:00:36.520
<v Speaker 2>to recover from weather event than you guys do.

1:00:36.880 --> 1:00:37.120
<v Speaker 6>Well.

1:00:37.240 --> 1:00:40.439
<v Speaker 9>Weather is something that in the logistics business you get

1:00:40.560 --> 1:00:43.760
<v Speaker 9>very used to. We actually have our own meteorology group

1:00:44.440 --> 1:00:47.680
<v Speaker 9>that is providing us regular weather reports to enable us

1:00:47.720 --> 1:00:51.800
<v Speaker 9>to dynamically adjust our delivery.

1:00:51.360 --> 1:00:52.680
<v Speaker 6>Times throughout the country.

1:00:52.720 --> 1:00:56.120
<v Speaker 9>So using AI and the meteorology group, we know that

1:00:56.320 --> 1:00:59.640
<v Speaker 9>oh three feet of snow is very different in somewhere

1:00:59.720 --> 1:01:03.680
<v Speaker 9>like Anchorage, Alaska that it is in Atlanta, and we

1:01:03.720 --> 1:01:08.560
<v Speaker 9>can adjust our delivery promises for that, and using that information,

1:01:08.680 --> 1:01:13.160
<v Speaker 9>we can make the great promises for our customers. As

1:01:13.240 --> 1:01:16.480
<v Speaker 9>part of this, though, taking a step back, one of

1:01:16.560 --> 1:01:19.640
<v Speaker 9>the things that I really want to spend some time talking.

1:01:19.480 --> 1:01:21.200
<v Speaker 6>About is those small medium.

1:01:20.880 --> 1:01:25.320
<v Speaker 9>Sized businesses that Amazon has partnered with for many years.

1:01:25.600 --> 1:01:29.200
<v Speaker 9>Sixty percent of our web sales are actually coming from

1:01:29.240 --> 1:01:32.720
<v Speaker 9>these independent sellers. They sold over four point one billion

1:01:32.880 --> 1:01:37.280
<v Speaker 9>products and twenty twenty two alone. So this is a

1:01:37.280 --> 1:01:39.720
<v Speaker 9>great commitment that Amazon's making to small.

1:01:39.560 --> 1:01:42.640
<v Speaker 6>Medium sized businesses to enable.

1:01:42.480 --> 1:01:44.840
<v Speaker 9>Us to be able to deliver your packages to the porch,

1:01:45.520 --> 1:01:48.120
<v Speaker 9>whether it's snow or a wonderful sunny day.

1:01:48.240 --> 1:01:52.200
<v Speaker 2>And Baker, vice president Global Transportation Services and Global Mile

1:01:52.320 --> 1:01:55.120
<v Speaker 2>at Amazon, and how you get your stuff so damn quick,

1:01:55.480 --> 1:01:58.000
<v Speaker 2>especially when there's high demand and weather events here too.

1:01:58.120 --> 1:02:01.160
<v Speaker 2>The inner workings of Amazon, which to CVG, They've got

1:02:01.160 --> 1:02:03.600
<v Speaker 2>twelve flights a day now going out. That's the state

1:02:03.640 --> 1:02:06.120
<v Speaker 2>of the art facility, and I expect more to come

1:02:06.160 --> 1:02:09.080
<v Speaker 2>because of our location the efficiency here in the Cincinnati area.

1:02:09.120 --> 1:02:11.400
<v Speaker 3>Adam all the best, Thanks for taking time out. Appreciate you.

1:02:11.600 --> 1:02:13.800
<v Speaker 6>Thank you very much, and I appreciate being on the show.

1:02:14.200 --> 1:02:16.160
<v Speaker 2>Mary Christmas Adam. Yeah, I just kind of take it

1:02:16.160 --> 1:02:19.240
<v Speaker 2>for grant. Stuff shows up behind the scenes of Amazon.

1:02:19.360 --> 1:02:21.960
<v Speaker 2>Now you throw ups and FedEx in there, But to Amazon,

1:02:22.400 --> 1:02:26.080
<v Speaker 2>that entire operation is just so mind blowing. The complex

1:02:26.440 --> 1:02:28.080
<v Speaker 2>you just can't get you wrap your arm around it.

1:02:28.080 --> 1:02:31.240
<v Speaker 2>How many packages and how they know stuff's getting delayed.

1:02:31.440 --> 1:02:32.840
<v Speaker 2>I think it's a model for everybody else. Like, wait,

1:02:32.880 --> 1:02:35.040
<v Speaker 2>Amazon can tell I got a like that torch wrench

1:02:35.040 --> 1:02:36.640
<v Speaker 2>you mentioned, I got a torch wrench come and I

1:02:36.640 --> 1:02:38.320
<v Speaker 2>can say where in the world it is when it's

1:02:38.360 --> 1:02:40.600
<v Speaker 2>been delivered. Hell, I got to keep out of my

1:02:40.640 --> 1:02:44.560
<v Speaker 2>garage loss the Amazon driver that puts things in my garage.

1:02:44.920 --> 1:02:46.320
<v Speaker 2>You know, the only thing I got to worry about

1:02:46.360 --> 1:02:48.560
<v Speaker 2>is not running or over when I pull in. It's

1:02:48.560 --> 1:02:51.400
<v Speaker 2>pretty cool, pretty damn cool how the stuff gets to

1:02:51.600 --> 1:02:55.400
<v Speaker 2>your house from Santa's workshop. Now, you know Scott Sloan

1:02:55.480 --> 1:02:57.880
<v Speaker 2>show on seven hundred WLW, Cincinnati.

1:02:58.000 --> 1:02:59.640
<v Speaker 3>More than a few of our patients have talked to

1:02:59.640 --> 1:03:02.240
<v Speaker 3>me about their first time. But it's not the first time.

1:03:02.320 --> 1:03:03.520
<v Speaker 3>You're probably thinking.

1:03:03.280 --> 1:03:05.640
<v Speaker 10>Of, man, how to make it, how to keep it

1:03:05.880 --> 1:03:12.600
<v Speaker 10>and how to keep others off your stats. This is

1:03:12.680 --> 1:03:14.640
<v Speaker 10>all worth advice with Andy Shaeffer.

1:03:15.040 --> 1:03:17.280
<v Speaker 3>All right, we're gonna put the lid on twenty twenty.

1:03:17.320 --> 1:03:19.920
<v Speaker 2>What is this twenty twenty twenty, nineteen, twenty eight twenty.

1:03:20.080 --> 1:03:21.760
<v Speaker 3>I'm not sure what year it is, but I know

1:03:21.800 --> 1:03:24.240
<v Speaker 3>that the year's almost over. I know that, Andy Shaeffer.

1:03:24.240 --> 1:03:24.880
<v Speaker 3>How are you, brother?

1:03:25.120 --> 1:03:27.680
<v Speaker 11>I'm doing great. Christmas is ready for the family. We're

1:03:27.720 --> 1:03:30.040
<v Speaker 11>just kind of settling in and looking forward to the holidays.

1:03:30.120 --> 1:03:30.320
<v Speaker 6>Yeah.

1:03:30.320 --> 1:03:32.280
<v Speaker 2>So you get gold bullyon again for the kids, and

1:03:32.440 --> 1:03:35.240
<v Speaker 2>some of us get the chocolate coins. You know that

1:03:35.280 --> 1:03:37.120
<v Speaker 2>you open it, you actually put the real gold coins

1:03:37.120 --> 1:03:37.720
<v Speaker 2>in the stockings.

1:03:37.760 --> 1:03:38.960
<v Speaker 3>I like that about you.

1:03:39.000 --> 1:03:41.960
<v Speaker 11>No, I usually do. I'll do some lottery tickets for

1:03:42.000 --> 1:03:43.880
<v Speaker 11>my nieces and nephews though, you know, try to get

1:03:43.880 --> 1:03:44.680
<v Speaker 11>them started a little bit.

1:03:44.680 --> 1:03:47.040
<v Speaker 2>That's always fucking I try to turn them into the

1:03:47.040 --> 1:03:47.880
<v Speaker 2>degenerates early.

1:03:47.920 --> 1:03:48.240
<v Speaker 3>I love it.

1:03:48.280 --> 1:03:48.800
<v Speaker 6>That's right.

1:03:51.080 --> 1:03:53.080
<v Speaker 2>Before you go, speaking of a holiday, I saw holiday

1:03:53.080 --> 1:03:55.960
<v Speaker 2>spending numbers up four percent over four percent.

1:03:55.960 --> 1:03:57.800
<v Speaker 3>I think year over year. That's good? Is that normally

1:03:57.800 --> 1:03:58.280
<v Speaker 3>where we are?

1:03:58.760 --> 1:03:59.040
<v Speaker 6>Yeah?

1:03:59.120 --> 1:04:00.880
<v Speaker 11>I mean, you know, you you get a little bit

1:04:00.880 --> 1:04:03.120
<v Speaker 11>of a Santa claus rally as far as spending is concerned,

1:04:03.160 --> 1:04:05.280
<v Speaker 11>and that's seasonal, and you know that's usually what we

1:04:05.400 --> 1:04:08.080
<v Speaker 11>see and so you know, part of the challenge for

1:04:08.200 --> 1:04:11.040
<v Speaker 11>me is really trying to understand the data and try

1:04:11.080 --> 1:04:13.600
<v Speaker 11>to take the seasonality out of it and understand what

1:04:13.640 --> 1:04:15.400
<v Speaker 11>the numbers really tell us. So it's a little bit

1:04:15.480 --> 1:04:17.560
<v Speaker 11>murky to try to figure out where we are from

1:04:17.560 --> 1:04:18.640
<v Speaker 11>an economic standpoint.

1:04:18.920 --> 1:04:20.720
<v Speaker 2>So but yeah, yeah, I mean spending is always up

1:04:20.760 --> 1:04:22.600
<v Speaker 2>this time of year. All right, good, now what we

1:04:22.640 --> 1:04:26.160
<v Speaker 2>want for sure? This year has been absolutely nothing short

1:04:26.160 --> 1:04:27.840
<v Speaker 2>of incredible, I think and borring.

1:04:27.840 --> 1:04:29.400
<v Speaker 3>You know, we just have a few days left here.

1:04:30.000 --> 1:04:32.080
<v Speaker 2>God knows what could happen, and you never want to

1:04:32.120 --> 1:04:33.880
<v Speaker 2>say it's impossible to screw this up.

1:04:33.880 --> 1:04:35.600
<v Speaker 3>But another great year for the market.

1:04:36.560 --> 1:04:38.560
<v Speaker 11>It's been fabulous, and you know, we did have a

1:04:38.600 --> 1:04:41.120
<v Speaker 11>hiccup in April. Obviously, there was some fears about the

1:04:41.160 --> 1:04:43.560
<v Speaker 11>tariffs when Donald Trump announced that he was going to

1:04:43.640 --> 1:04:46.080
<v Speaker 11>place tarrifs on you know a lot of the countries

1:04:46.080 --> 1:04:47.720
<v Speaker 11>that we do a lot of business with, and that

1:04:47.840 --> 1:04:49.840
<v Speaker 11>was short lived. And the reason that it was short

1:04:49.840 --> 1:04:53.280
<v Speaker 11>lived was that we started to see some flexibility from

1:04:53.320 --> 1:04:55.840
<v Speaker 11>the Trump administration as far as deadlines were concerned on

1:04:55.840 --> 1:04:58.520
<v Speaker 11>the tariffs in April, and so the market fell very sharply,

1:04:58.880 --> 1:05:01.520
<v Speaker 11>but it came back sharply. Ever since then, we've been

1:05:01.600 --> 1:05:03.960
<v Speaker 11>slow and steady. You know, we've had some you know,

1:05:04.000 --> 1:05:06.160
<v Speaker 11>inflation data that has started to cool a little bit.

1:05:06.200 --> 1:05:09.080
<v Speaker 11>The jobs data has been a little bit sketchy, but

1:05:09.400 --> 1:05:12.720
<v Speaker 11>not super bad. And so because of that, you know,

1:05:12.760 --> 1:05:15.920
<v Speaker 11>investors generally have felt pretty good about where we are

1:05:15.960 --> 1:05:18.240
<v Speaker 11>from an economic standpoint, and the markets have reflected that.

1:05:18.320 --> 1:05:20.480
<v Speaker 2>Yeah, if you look at that year, you know, January

1:05:20.520 --> 1:05:22.720
<v Speaker 2>to January chart you every year, it's pretty much a

1:05:22.720 --> 1:05:23.200
<v Speaker 2>hockey stack.

1:05:24.160 --> 1:05:25.840
<v Speaker 11>Yeah, I mean it's been great and I think you know,

1:05:25.880 --> 1:05:28.120
<v Speaker 11>that's a lesson for every investor. You know, there's going

1:05:28.200 --> 1:05:31.240
<v Speaker 11>to be some tumultuous times. We usually see a correction

1:05:31.400 --> 1:05:34.280
<v Speaker 11>on average once per year, and a correction is a

1:05:34.280 --> 1:05:37.840
<v Speaker 11>ten percent downturn in the market in any given year,

1:05:38.000 --> 1:05:40.440
<v Speaker 11>and that's fairly common. So if you stay the course,

1:05:40.880 --> 1:05:44.000
<v Speaker 11>you're disciplined with your investment approach, maybe make some small

1:05:44.000 --> 1:05:46.800
<v Speaker 11>adjustments to certain sectors, you're gonna be fine.

1:05:46.920 --> 1:05:48.400
<v Speaker 3>Yeah, you mentioned tariffs.

1:05:49.240 --> 1:05:52.080
<v Speaker 2>Grand picture as we close out the year, so we're

1:05:52.080 --> 1:05:55.520
<v Speaker 2>almost a year of tariffs at this point mixed bag.

1:05:55.560 --> 1:05:57.200
<v Speaker 3>I mean, has it done anything? Is it doing what?

1:05:57.560 --> 1:05:59.920
<v Speaker 2>It certainly doesn't seem like, you know, the sky fell,

1:06:00.160 --> 1:06:01.960
<v Speaker 2>But at the same time, it didn't accomplish the goals

1:06:02.000 --> 1:06:03.520
<v Speaker 2>that they wanted in the first place. It just seems

1:06:03.560 --> 1:06:06.360
<v Speaker 2>like we're trading money, you know, on the form of

1:06:06.440 --> 1:06:09.600
<v Speaker 2>taxes to rebates and handouts.

1:06:09.600 --> 1:06:10.960
<v Speaker 3>So did we do anything?

1:06:11.280 --> 1:06:13.040
<v Speaker 11>Well, I think it remains to be seen, you know,

1:06:13.240 --> 1:06:15.760
<v Speaker 11>with anything, I think it's going to take some time

1:06:15.840 --> 1:06:18.360
<v Speaker 11>to figure out and unwind and you know, kind of

1:06:18.360 --> 1:06:20.560
<v Speaker 11>look under the hood and see how it has affected

1:06:20.560 --> 1:06:23.280
<v Speaker 11>the economy in general. Now, you know, when we look

1:06:23.320 --> 1:06:25.520
<v Speaker 11>at inflation, the fear was is that it was going

1:06:25.560 --> 1:06:27.360
<v Speaker 11>to fire up inflation. You know, if the cost of

1:06:27.400 --> 1:06:30.200
<v Speaker 11>goods is going to increase due to the tariffs, then

1:06:30.240 --> 1:06:33.200
<v Speaker 11>that's going to hurt the pocketbook of you know, the

1:06:33.280 --> 1:06:35.760
<v Speaker 11>US consumer prices are going to continue to rise. And

1:06:35.800 --> 1:06:38.960
<v Speaker 11>what we've heard from the FED is that essentially, hey,

1:06:39.000 --> 1:06:41.200
<v Speaker 11>this is probably going to be a one off. Our

1:06:41.560 --> 1:06:45.280
<v Speaker 11>economy is fairly robust. It probably won't have a long

1:06:45.400 --> 1:06:48.080
<v Speaker 11>term impact on inflation. And that's really what has bared

1:06:48.120 --> 1:06:50.000
<v Speaker 11>out when we look at the rest of the year. Now,

1:06:50.040 --> 1:06:52.680
<v Speaker 11>as far as you know, what does it look like

1:06:52.760 --> 1:06:55.240
<v Speaker 11>as far as industry here in the United States, Does

1:06:55.360 --> 1:06:57.920
<v Speaker 11>it really move the needle as far as income is

1:06:57.960 --> 1:07:00.840
<v Speaker 11>concerned from the tax revenue that we get. That remains

1:07:00.840 --> 1:07:03.400
<v Speaker 11>to be seen. But I do think that one of

1:07:03.440 --> 1:07:07.400
<v Speaker 11>the long term benefits that we may see is access

1:07:07.480 --> 1:07:10.400
<v Speaker 11>to other markets within the world. You know, part of

1:07:10.400 --> 1:07:14.480
<v Speaker 11>the reason that the Trump administration wanted to increase terraff

1:07:14.720 --> 1:07:16.800
<v Speaker 11>on you know a lot of our trading partners is

1:07:16.800 --> 1:07:19.320
<v Speaker 11>that we really just kind of want access to their markets.

1:07:19.360 --> 1:07:21.360
<v Speaker 11>If Ford is able to sell F one fifties here

1:07:21.400 --> 1:07:23.480
<v Speaker 11>in the United States, we want to be able to

1:07:23.480 --> 1:07:26.320
<v Speaker 11>sell F one fifties over in China and Europe and

1:07:26.360 --> 1:07:28.920
<v Speaker 11>things like that. And so it's not as much about

1:07:28.920 --> 1:07:32.160
<v Speaker 11>the revenue that we're able to generate from it or

1:07:32.720 --> 1:07:35.040
<v Speaker 11>protecting our industry here in the United States. It's more

1:07:35.080 --> 1:07:38.000
<v Speaker 11>about being able to sell our stuff to countries that

1:07:38.120 --> 1:07:40.959
<v Speaker 11>sell stuff to US, I think, and I think that

1:07:41.040 --> 1:07:42.919
<v Speaker 11>we have seen a little bit of an impact there

1:07:42.920 --> 1:07:44.760
<v Speaker 11>and hopefully it will open up markets for US.

1:07:44.800 --> 1:07:46.240
<v Speaker 2>Well, hopefully it does too. It just seems like it's

1:07:46.280 --> 1:07:47.919
<v Speaker 2>a wash. You know, it's hard to and it's it's

1:07:47.920 --> 1:07:50.160
<v Speaker 2>one of those things. I mean, you're basically changing the

1:07:50.160 --> 1:07:51.680
<v Speaker 2>way we've done things for a long time. So it's

1:07:51.720 --> 1:07:55.320
<v Speaker 2>going to take much much longer in order to see success,

1:07:55.360 --> 1:07:57.800
<v Speaker 2>if that's the case. But we are not patient as Americans,

1:07:57.800 --> 1:07:59.720
<v Speaker 2>and so we'll see what the next of your brains.

1:08:00.240 --> 1:08:02.960
<v Speaker 2>I know, we finally got some updated consumer inflation reports.

1:08:02.960 --> 1:08:05.000
<v Speaker 2>A CPI is finally out after the government shutdown.

1:08:05.400 --> 1:08:07.400
<v Speaker 11>Yeah, but it was a little bit murky. I do

1:08:07.440 --> 1:08:09.520
<v Speaker 11>think there was a step in the right direction. Year

1:08:09.560 --> 1:08:13.600
<v Speaker 11>of ear inflation showed, you know, about two point six percent.

1:08:14.160 --> 1:08:16.720
<v Speaker 11>That was a decrease from two point seven percent, its

1:08:16.800 --> 1:08:20.240
<v Speaker 11>lowest since twenty twenty one, and so investors were happy

1:08:20.280 --> 1:08:22.519
<v Speaker 11>to see, you know, at least the arrow is pointing

1:08:22.520 --> 1:08:25.800
<v Speaker 11>in the right direction as far as inflation is current concerned. Now,

1:08:26.400 --> 1:08:28.559
<v Speaker 11>the problem is is that we didn't get a lot

1:08:28.600 --> 1:08:31.760
<v Speaker 11>of the price data for October. The November collection was

1:08:31.800 --> 1:08:34.760
<v Speaker 11>partially delayed till later in the month because of the

1:08:34.760 --> 1:08:37.360
<v Speaker 11>government shutdown, So a lot of the information that the

1:08:37.400 --> 1:08:40.400
<v Speaker 11>FED was using was carry forward from a lot of

1:08:40.439 --> 1:08:43.040
<v Speaker 11>the values that we had prior to the government shutdown,

1:08:43.160 --> 1:08:45.960
<v Speaker 11>So it is full of anomalies. The November year of

1:08:46.000 --> 1:08:50.719
<v Speaker 11>the year data likely understates the true underlying price of inflation,

1:08:50.880 --> 1:08:54.160
<v Speaker 11>but don't. But we're not dismissing it. It is showing

1:08:54.240 --> 1:08:56.320
<v Speaker 11>a lot better than what we expected, and it is

1:08:56.360 --> 1:08:58.360
<v Speaker 11>coming down and the FED feels pretty good about it,

1:08:58.479 --> 1:09:00.000
<v Speaker 11>and that's why we cut rates in December.

1:09:00.040 --> 1:09:02.559
<v Speaker 2>All Right, how much of data starting to stream back

1:09:02.600 --> 1:09:04.920
<v Speaker 2>in the faucet's been turned back on after the shutdown.

1:09:04.920 --> 1:09:06.840
<v Speaker 2>But how much stuff are we getting in right now?

1:09:06.920 --> 1:09:07.040
<v Speaker 6>Is it?

1:09:07.160 --> 1:09:07.200
<v Speaker 5>Is?

1:09:07.200 --> 1:09:10.080
<v Speaker 2>It kind of hard to read because the numbers are sowingconsistent.

1:09:10.680 --> 1:09:13.040
<v Speaker 11>Yeah, but it's it's like putting a puzzle together. You know,

1:09:13.080 --> 1:09:16.200
<v Speaker 11>we're able to get enough data from the private sector

1:09:16.280 --> 1:09:18.160
<v Speaker 11>to where we can kind of piece together with the

1:09:18.160 --> 1:09:20.880
<v Speaker 11>puzzle to be able to find out, you know, what

1:09:21.040 --> 1:09:23.160
<v Speaker 11>is really happening. But it is, I mean, we are

1:09:23.200 --> 1:09:25.840
<v Speaker 11>missing some data. Last week, you know, we had some

1:09:26.040 --> 1:09:28.280
<v Speaker 11>labor market data. It was the first labor market data

1:09:28.280 --> 1:09:30.080
<v Speaker 11>that we had in a few months, and so similar

1:09:30.120 --> 1:09:32.920
<v Speaker 11>to the CPI release, that update was messy as well.

1:09:33.000 --> 1:09:35.200
<v Speaker 11>We had employers shed a total of one hundred and

1:09:35.280 --> 1:09:38.479
<v Speaker 11>five thousand jobs in October. We added sixty four thousand

1:09:38.600 --> 1:09:41.120
<v Speaker 11>jobs in November. Those numbers are a little bit more

1:09:41.200 --> 1:09:44.599
<v Speaker 11>volatile than the underlying data shows, because most of that

1:09:44.800 --> 1:09:48.520
<v Speaker 11>data was entirely by one hundred and sixty two thousand

1:09:49.439 --> 1:09:53.960
<v Speaker 11>drop decline in the federal government employ employment range, and

1:09:54.040 --> 1:09:56.920
<v Speaker 11>so when you look at the private sector, it was

1:09:56.960 --> 1:09:59.479
<v Speaker 11>more stable. We added fifty two thousand jobs in October

1:09:59.479 --> 1:10:02.160
<v Speaker 11>and another sixty nine thousand jobs in November, and that's

1:10:02.160 --> 1:10:04.160
<v Speaker 11>what I'm talking about. We kind of have to look

1:10:04.200 --> 1:10:07.240
<v Speaker 11>at the private sector because obviously the government sector was

1:10:07.240 --> 1:10:09.120
<v Speaker 11>a little bit skewed due to the shutdown. And when

1:10:09.120 --> 1:10:11.439
<v Speaker 11>we do look at the private sector, it shows that

1:10:11.520 --> 1:10:14.599
<v Speaker 11>things are not great, but they're not terrible either.

1:10:14.720 --> 1:10:17.759
<v Speaker 2>All right, So inflation down a tick from two seven

1:10:17.800 --> 1:10:19.479
<v Speaker 2>to two six. The target, of course, or the FED

1:10:19.520 --> 1:10:22.320
<v Speaker 2>has always been two and that's extremely sticky right now.

1:10:22.600 --> 1:10:24.679
<v Speaker 2>And I'm sure Wall Street lights it the numbers going down,

1:10:25.120 --> 1:10:29.240
<v Speaker 2>but to me, that's one of the number of indicators

1:10:29.280 --> 1:10:31.439
<v Speaker 2>we have where there's a disconnect between Wall Street and

1:10:31.479 --> 1:10:34.400
<v Speaker 2>Main Street. Most people don't notice what point one percent

1:10:34.600 --> 1:10:36.759
<v Speaker 2>is in play. They know they're paying more for stuff

1:10:36.760 --> 1:10:40.519
<v Speaker 2>at the grocery store. When that starts to turn, then

1:10:40.560 --> 1:10:42.479
<v Speaker 2>I think you got probably a lot more consumer confidence.

1:10:42.520 --> 1:10:43.320
<v Speaker 3>That's how works.

1:10:43.640 --> 1:10:45.600
<v Speaker 11>Yeah, that's how it works. But we also have to

1:10:45.680 --> 1:10:48.200
<v Speaker 11>understand what wage growth is too, and what we're seeing

1:10:48.240 --> 1:10:51.479
<v Speaker 11>is there is a net positive in wage growth inflation.

1:10:51.560 --> 1:10:54.200
<v Speaker 11>So if inflation is up two point six percent, that

1:10:54.280 --> 1:10:57.240
<v Speaker 11>obviously means that, you know, the cost of goods continues

1:10:57.280 --> 1:11:00.839
<v Speaker 11>to increase. And I always want to communicate my clients

1:11:00.840 --> 1:11:03.680
<v Speaker 11>and my friends and say, hey, you know, inflation is

1:11:03.720 --> 1:11:05.760
<v Speaker 11>not when it comes down, it's not a decrease in

1:11:05.800 --> 1:11:09.200
<v Speaker 11>the prices. It's an increase less slowly. But if your

1:11:09.360 --> 1:11:12.840
<v Speaker 11>wages continue to increase at a more rapid pace than

1:11:12.880 --> 1:11:15.880
<v Speaker 11>the cost of goods, and so that leads to more

1:11:15.920 --> 1:11:18.120
<v Speaker 11>of a net positive gain for the consumer. And that's

1:11:18.160 --> 1:11:19.920
<v Speaker 11>what we're seeing right now. We're starting to see wage

1:11:19.960 --> 1:11:23.799
<v Speaker 11>growth continue to increase, We're starting to see inflation decrease,

1:11:23.840 --> 1:11:26.920
<v Speaker 11>and ultimately it makes things more affordable for the consumer. Now,

1:11:27.280 --> 1:11:29.479
<v Speaker 11>you know, I know generally when you talk to people

1:11:29.479 --> 1:11:31.759
<v Speaker 11>out on the street and I talk to friends and clients,

1:11:31.760 --> 1:11:34.360
<v Speaker 11>and it doesn't feel like that, but the numbers beare

1:11:34.400 --> 1:11:36.599
<v Speaker 11>it out, and the numbers do suggest that the consumer

1:11:36.640 --> 1:11:39.320
<v Speaker 11>is a lot more healthy today than we wore five

1:11:39.360 --> 1:11:39.720
<v Speaker 11>years ago.

1:11:39.760 --> 1:11:42.200
<v Speaker 2>All right, shafers On from all Worth financial Sloan here

1:11:42.200 --> 1:11:46.479
<v Speaker 2>seven hundred last session of the year between the two

1:11:46.520 --> 1:11:48.040
<v Speaker 2>of us in here, and it's been a great year

1:11:48.080 --> 1:11:51.639
<v Speaker 2>for the stock market. Of course, inflation is sticky, and

1:11:52.000 --> 1:11:54.200
<v Speaker 2>maybe that will start to turn here with the with

1:11:54.280 --> 1:11:55.600
<v Speaker 2>the interest rates dropping and the like.

1:11:55.640 --> 1:11:57.599
<v Speaker 3>What about job data right now? Where are things looking?

1:11:58.040 --> 1:12:01.040
<v Speaker 11>Yeah, the unemployment rate is rose risen to about four

1:12:01.080 --> 1:12:03.960
<v Speaker 11>point five six percent in November. That's up from four

1:12:04.000 --> 1:12:07.479
<v Speaker 11>point four percent in September. Again, we didn't have October

1:12:07.560 --> 1:12:10.160
<v Speaker 11>unemployment rate due to the shutdown, and so the increase

1:12:10.240 --> 1:12:12.920
<v Speaker 11>isn't not a result of people losing their jobs. It's

1:12:12.920 --> 1:12:16.240
<v Speaker 11>mostly due to over three hundred thousand people entering the

1:12:16.280 --> 1:12:18.760
<v Speaker 11>labor force to find a job. And so while the

1:12:18.800 --> 1:12:22.040
<v Speaker 11>labor market continues to be characterized as cooling, it's not crashing.

1:12:22.320 --> 1:12:24.400
<v Speaker 11>This isn't shouldn't be a shock to a lot of people.

1:12:25.080 --> 1:12:27.639
<v Speaker 11>Interest rates have been very restrictive over the past three years,

1:12:27.640 --> 1:12:30.040
<v Speaker 11>and the rates have moved closer than neutral, and so

1:12:30.120 --> 1:12:32.800
<v Speaker 11>that's the job market will likely stabilize or you know,

1:12:32.880 --> 1:12:35.240
<v Speaker 11>over the next year, because we're going to continue to

1:12:35.720 --> 1:12:38.160
<v Speaker 11>decrease rates. I do think that we'll probably see two

1:12:38.240 --> 1:12:40.720
<v Speaker 11>quarter percent cuts next year. And maybe even three, and

1:12:40.760 --> 1:12:42.439
<v Speaker 11>that will help the labor market as well. So I

1:12:42.479 --> 1:12:45.040
<v Speaker 11>think the FED is feeling pretty good about where we are.

1:12:46.080 --> 1:12:49.160
<v Speaker 11>You know, things aren't rosy right now, but they're not bad.

1:12:49.280 --> 1:12:51.439
<v Speaker 11>The porridge isn't hot, it's not cold. I think the

1:12:51.439 --> 1:12:54.240
<v Speaker 11>porridge is just right. And I think that the investors

1:12:54.320 --> 1:12:56.760
<v Speaker 11>that are looking at the stock market feel that, and

1:12:56.800 --> 1:12:58.559
<v Speaker 11>that's why the market has done well. And if you've

1:12:58.560 --> 1:13:01.360
<v Speaker 11>been participating in the market, been very pleased with returns

1:13:01.360 --> 1:13:03.599
<v Speaker 11>this year, and I suspect that we'll continue on into

1:13:03.680 --> 1:13:04.800
<v Speaker 11>twenty twenty six.

1:13:04.960 --> 1:13:05.480
<v Speaker 3>Yeah.

1:13:05.560 --> 1:13:09.360
<v Speaker 2>I saw that crypto took a hit, specifically bitcoin, but

1:13:09.360 --> 1:13:11.599
<v Speaker 2>at the same time, gold and silver hit record highs

1:13:11.600 --> 1:13:12.080
<v Speaker 2>this week.

1:13:12.800 --> 1:13:15.679
<v Speaker 11>Well, I think gold and silvers have hit record highs

1:13:15.720 --> 1:13:18.400
<v Speaker 11>a lot of due to the fact of the uncertainty.

1:13:18.520 --> 1:13:22.439
<v Speaker 11>Usually precious metals are investments that investors will flee to

1:13:22.960 --> 1:13:26.759
<v Speaker 11>if they're uncertain about you know, the markets in general,

1:13:26.880 --> 1:13:29.880
<v Speaker 11>and you know how companies are performing. And because of

1:13:29.920 --> 1:13:31.559
<v Speaker 11>the uncertainty, I think a lot of it has to

1:13:31.560 --> 1:13:35.120
<v Speaker 11>do with the Trump administration and you know the volatility there.

1:13:35.280 --> 1:13:37.120
<v Speaker 11>I think a lot of people have started investing his

1:13:37.200 --> 1:13:39.760
<v Speaker 11>gold as a safety net, and so you know, when

1:13:39.760 --> 1:13:42.439
<v Speaker 11>we look at the safety nets that you have access

1:13:42.479 --> 1:13:47.000
<v Speaker 11>to gold has been very popular. Furthermore, Costco even you know,

1:13:47.080 --> 1:13:50.160
<v Speaker 11>opened up a lot of gold opportunities for investors, and

1:13:50.200 --> 1:13:54.360
<v Speaker 11>I think it made it more not only accessible for investors,

1:13:54.360 --> 1:13:57.000
<v Speaker 11>but also you know, you know, kind of endearing. And

1:13:57.400 --> 1:13:59.559
<v Speaker 11>we've seen a lot of people invest in gold and

1:13:59.640 --> 1:14:01.719
<v Speaker 11>it's form very well during these folatile times.

1:14:01.760 --> 1:14:03.760
<v Speaker 2>Now, the capo coscos you get buy twenty of them,

1:14:03.800 --> 1:14:04.920
<v Speaker 2>you just can't buy one.

1:14:05.200 --> 1:14:07.520
<v Speaker 3>Yeah, well, and then you end up buying tires.

1:14:07.240 --> 1:14:10.599
<v Speaker 2>And yeah, yeah, the money I'm investing in saving I'm

1:14:10.600 --> 1:14:11.040
<v Speaker 2>losing on.

1:14:11.160 --> 1:14:14.240
<v Speaker 3>Oh look, I have a fifty five gallon drum a mayonnaise.

1:14:14.280 --> 1:14:15.439
<v Speaker 3>Why not let me load that in.

1:14:17.080 --> 1:14:19.439
<v Speaker 2>This is an interesting one and it hits close to

1:14:19.479 --> 1:14:22.599
<v Speaker 2>us here Jim Beam pausing production for an entire year

1:14:22.640 --> 1:14:25.080
<v Speaker 2>and get their plants in Kentucky because they have an.

1:14:25.000 --> 1:14:26.120
<v Speaker 3>Oversupply of bourbon.

1:14:26.200 --> 1:14:28.360
<v Speaker 2>I thought those words would never ever be heard or

1:14:28.439 --> 1:14:30.880
<v Speaker 2>utter from my lifts, but we have an oversupply bourbon shaver.

1:14:31.280 --> 1:14:34.040
<v Speaker 3>Oh no, what are you gonna do?

1:14:34.240 --> 1:14:38.559
<v Speaker 2>Well, let's go, boys, I mean, well that that actually

1:14:38.600 --> 1:14:42.639
<v Speaker 2>gave me Gary Jeff Fingers, Come on, let's go let's go, Rocky,

1:14:42.720 --> 1:14:43.799
<v Speaker 2>let's go we got.

1:14:43.600 --> 1:14:45.320
<v Speaker 3>Well, maybe we got drinking to do well.

1:14:45.320 --> 1:14:47.559
<v Speaker 11>Maybe we'll plant a trip together down on the Bourbon

1:14:47.600 --> 1:14:49.680
<v Speaker 11>Trail like that to help them out. But you know,

1:14:49.760 --> 1:14:53.320
<v Speaker 11>there has been a resurgence in the demand for bourbon,

1:14:53.400 --> 1:14:56.440
<v Speaker 11>and you're starting to see a lot of demand internationally

1:14:56.479 --> 1:14:59.439
<v Speaker 11>for bourbon. You know, you're starting to see it, you know,

1:14:59.479 --> 1:15:01.559
<v Speaker 11>in Japan, in a lot of the Asian countries where

1:15:01.560 --> 1:15:03.880
<v Speaker 11>there is an appetite for it, and so you know,

1:15:03.920 --> 1:15:06.880
<v Speaker 11>hopefully that will fix itself. You know, it's really hard

1:15:06.920 --> 1:15:09.439
<v Speaker 11>for small businesses, and those are small businesses. If you've

1:15:09.479 --> 1:15:14.200
<v Speaker 11>ever been down to any of those distilleries down in Kentucky.

1:15:14.120 --> 1:15:19.200
<v Speaker 11>They're not these giant, you know, megastructures and production plants.

1:15:19.400 --> 1:15:21.320
<v Speaker 11>You know, they have a specific amount and so I

1:15:21.320 --> 1:15:22.960
<v Speaker 11>think it's a challenge for them to figure out what

1:15:23.000 --> 1:15:25.559
<v Speaker 11>the demand is and how much supply. And sometimes you

1:15:25.560 --> 1:15:27.559
<v Speaker 11>can get over your skis a little bit, maybe produce

1:15:27.600 --> 1:15:30.240
<v Speaker 11>a little bit more than what the demand is. But

1:15:30.320 --> 1:15:32.120
<v Speaker 11>I think they'll work it, work it out. And I

1:15:32.360 --> 1:15:34.599
<v Speaker 11>have all the confidence in the world Scott that you'll

1:15:34.600 --> 1:15:37.800
<v Speaker 11>help them with that over supply. So you we'll see

1:15:37.800 --> 1:15:38.400
<v Speaker 11>how it goes.

1:15:38.280 --> 1:15:40.719
<v Speaker 2>Well, they're probably liking more than anything, the fact that

1:15:40.520 --> 1:15:43.880
<v Speaker 2>our governor killed the entire THT beverage industry with a

1:15:43.920 --> 1:15:44.599
<v Speaker 2>stroke of his pen.

1:15:45.160 --> 1:15:45.400
<v Speaker 6>Yeah.

1:15:45.439 --> 1:15:47.640
<v Speaker 11>I saw that, and I did really look into it

1:15:47.680 --> 1:15:49.760
<v Speaker 11>as much. But you know, that doesn't make a whole

1:15:49.760 --> 1:15:51.839
<v Speaker 11>lot of sense to me. I think that's more of

1:15:51.840 --> 1:15:55.439
<v Speaker 11>a political posturing than anything else, because you know, at

1:15:55.439 --> 1:15:57.800
<v Speaker 11>this point, you know, with a lot of the THHC

1:15:57.920 --> 1:16:01.720
<v Speaker 11>regulation and the flexibility there, it makes sense that you

1:16:01.960 --> 1:16:04.120
<v Speaker 11>kind of deregulate a little bit, you know, as far

1:16:04.160 --> 1:16:06.960
<v Speaker 11>as those those beverages are concerned. I think you do

1:16:07.040 --> 1:16:08.720
<v Speaker 11>have to keep an eye on it if you're a

1:16:08.960 --> 1:16:12.000
<v Speaker 11>restaurant or a bar and how you distribute it and

1:16:12.560 --> 1:16:15.320
<v Speaker 11>making sure that people aren't overserved in that regard, but

1:16:15.439 --> 1:16:17.519
<v Speaker 11>that should be easy to do. So that didn't really

1:16:17.520 --> 1:16:18.519
<v Speaker 11>make a whole lot of sense to me.

1:16:18.720 --> 1:16:21.439
<v Speaker 2>Yeah, it's you know, it's it's appealing I guess maybe

1:16:21.439 --> 1:16:22.880
<v Speaker 2>to the tee tollers out there who aren't going to

1:16:22.960 --> 1:16:24.600
<v Speaker 2>drink anyway, but they don't want anyone else to do

1:16:24.640 --> 1:16:27.120
<v Speaker 2>it either, Like whether it's gambling or strip clubs.

1:16:27.160 --> 1:16:29.559
<v Speaker 3>I like boobies in bourbon. If you don't then't don't

1:16:29.600 --> 1:16:30.639
<v Speaker 3>go well.

1:16:30.680 --> 1:16:33.719
<v Speaker 11>And I remember when Lawrenceburg was getting their casino, remember

1:16:33.720 --> 1:16:35.439
<v Speaker 11>thirty years ago, they thought it was going to be

1:16:35.479 --> 1:16:38.839
<v Speaker 11>the end of that area. And and you know, it's

1:16:39.400 --> 1:16:41.759
<v Speaker 11>a big resurgent. And kids are going to college based

1:16:41.760 --> 1:16:44.200
<v Speaker 11>on you know, the gambling dime, and so there's a

1:16:44.200 --> 1:16:46.599
<v Speaker 11>lot of positives there. And I don't think the world

1:16:46.640 --> 1:16:48.479
<v Speaker 11>is going to fall apart just because somebody wants to

1:16:48.479 --> 1:16:49.599
<v Speaker 11>go out and have a good time every once.

1:16:49.720 --> 1:16:51.880
<v Speaker 2>Yeah, exactly right. I'm a responsible adult. And the reason

1:16:51.880 --> 1:16:54.280
<v Speaker 2>why I drink is because of things like this. Andy Shaeffer,

1:16:54.280 --> 1:16:58.120
<v Speaker 2>it all worth financial. He is their show airs weeknights

1:16:58.160 --> 1:17:00.439
<v Speaker 2>at six on fifty five KR. See it's simply money.

1:17:00.520 --> 1:17:02.639
<v Speaker 2>He pops on the show Tuesdays, last time for twenty

1:17:02.680 --> 1:17:04.720
<v Speaker 2>twenty five. Brother, I appreciate it, man. It's been fun

1:17:04.760 --> 1:17:05.160
<v Speaker 2>this year.

1:17:05.320 --> 1:17:05.920
<v Speaker 11>Learn a lot.

1:17:06.680 --> 1:17:08.160
<v Speaker 2>You're the best of what you do and I appreciate

1:17:08.200 --> 1:17:09.800
<v Speaker 2>you guys so much. And hope you have a merry

1:17:09.880 --> 1:17:12.559
<v Speaker 2>Christmas and happy New Year you too, Scott. Always enjoy it.

1:17:12.560 --> 1:17:15.160
<v Speaker 2>Looking forward to twenty twenty six. Talking with you all right, brother,

1:17:15.240 --> 1:17:17.080
<v Speaker 2>be good. Drink up, drink up, get some of that nog.

1:17:17.960 --> 1:17:20.160
<v Speaker 2>We've got news update here in just minutes, and then

1:17:20.200 --> 1:17:22.519
<v Speaker 2>it's a could be wheel of sub hosts for Bill

1:17:22.560 --> 1:17:24.519
<v Speaker 2>CONNLESSI pops back in Toto, A show we like you

1:17:24.560 --> 1:17:25.160
<v Speaker 2>did yesterday.

1:17:25.200 --> 1:17:26.880
<v Speaker 3>I Gotta Talk, I Gotta speak.

1:17:27.040 --> 1:17:30.080
<v Speaker 2>The American people made me, Now they really don't, Billy,

1:17:30.080 --> 1:17:32.439
<v Speaker 2>seven hundred ww Cincinnati.

1:17:34.800 --> 1:17:37.280
<v Speaker 10>Open up our live stream on the iHeartRadio app and

1:17:37.320 --> 1:17:39.559
<v Speaker 10>take a look at the screen. You see that little

1:17:39.600 --> 1:17:42.759
<v Speaker 10>red circle with the microphone on it. That's our talkback feature.

1:17:43.200 --> 1:17:45.920
<v Speaker 10>Push it and send us your thoughts on the current topic,

1:17:46.520 --> 1:17:49.920
<v Speaker 10>something you think we should discuss, or just let us

1:17:49.920 --> 1:17:52.080
<v Speaker 10>know how much you can't live without us.

1:17:52.640 --> 1:17:54.920
<v Speaker 3>Yeah, the talkback feature.

1:17:55.160 --> 1:17:58.840
<v Speaker 10>Check it out on seven hundred wlwu's live stream on

1:17:58.920 --> 1:18:01.840
<v Speaker 10>the iHeartRadio A running for