1 00:00:10,160 --> 00:00:13,000 Speaker 1: This is America's Cooking Network with Kevin Gordon. 2 00:00:15,000 --> 00:00:18,599 Speaker 2: Welcome, amore, thanks for tuning in on this Wednesday morning. 3 00:00:19,280 --> 00:00:23,360 Speaker 2: You know, over the weekend, in addition to Operation Epic Fury, 4 00:00:23,720 --> 00:00:26,920 Speaker 2: there were these stories talking about what was going to 5 00:00:26,960 --> 00:00:30,640 Speaker 2: be they called the Blood Moon. It was a lunary clips, 6 00:00:31,800 --> 00:00:34,600 Speaker 2: which kind of with all the other news kind of 7 00:00:34,600 --> 00:00:37,760 Speaker 2: got lost in the shuffle. But I saw information about 8 00:00:37,840 --> 00:00:40,360 Speaker 2: that and they talked about where it was going to occur, 9 00:00:40,479 --> 00:00:42,960 Speaker 2: what time it was going to occur, and everything. And 10 00:00:43,040 --> 00:00:45,360 Speaker 2: I thought, after this, you know, I didn't mention it yesterday, 11 00:00:45,360 --> 00:00:47,720 Speaker 2: didn't get a chance to do that. But after the show, 12 00:00:47,760 --> 00:00:51,120 Speaker 2: I thought, you know, once a couple of hours. It's 13 00:00:51,120 --> 00:00:53,440 Speaker 2: supposed to start around five o'clock in the morning, and 14 00:00:53,440 --> 00:00:55,600 Speaker 2: I thought, you know, what the heck, what's a couple 15 00:00:55,640 --> 00:00:57,880 Speaker 2: of hours. You know, I'll make that up some other time. 16 00:00:58,760 --> 00:01:01,200 Speaker 2: And which I you know, sleep and all that sort 17 00:01:01,200 --> 00:01:02,920 Speaker 2: of stuff. I usually get four to five hours of 18 00:01:02,960 --> 00:01:08,400 Speaker 2: sleep and that's fine, so you know, anyway, I decided 19 00:01:08,440 --> 00:01:11,759 Speaker 2: to stay up and catch it, and right around five 20 00:01:11,800 --> 00:01:16,960 Speaker 2: o'clock the Lunar clips started and I'm watching it and 21 00:01:17,440 --> 00:01:19,759 Speaker 2: it was a little chilly outside, so i'd come back 22 00:01:19,800 --> 00:01:21,680 Speaker 2: in a little bit, grab a cup of coffee, or 23 00:01:21,720 --> 00:01:23,319 Speaker 2: you know, take a couple of SIPs of coffee, go 24 00:01:23,400 --> 00:01:26,240 Speaker 2: back out on the deck. Was watching it and everything, 25 00:01:27,080 --> 00:01:30,839 Speaker 2: and right around right when it got to be about 26 00:01:30,920 --> 00:01:35,600 Speaker 2: halfway covered, all of a sudden, all these clouds in 27 00:01:35,680 --> 00:01:40,400 Speaker 2: the sky obscured it completely. And that is so typical 28 00:01:40,480 --> 00:01:45,720 Speaker 2: of this Greater Cincinnati Northern Kentucky area where whenever there's 29 00:01:45,760 --> 00:01:50,080 Speaker 2: supposed to be any cosmic occurrence or whatever, any type 30 00:01:50,080 --> 00:01:55,480 Speaker 2: of shooting stars or the what is that some asteroid 31 00:01:55,560 --> 00:01:57,440 Speaker 2: I forget the name of it, that's supposed to come 32 00:01:57,480 --> 00:02:01,520 Speaker 2: through periodically, and you know, these are the ripe times 33 00:02:01,560 --> 00:02:03,400 Speaker 2: to watch it. It's going to be you know, once 34 00:02:03,440 --> 00:02:05,960 Speaker 2: in every seven year event or something like that. It 35 00:02:05,960 --> 00:02:09,680 Speaker 2: almost seems like every time in the Greater Cincinnati area 36 00:02:09,880 --> 00:02:12,919 Speaker 2: the clouds come out. Now, when it first started, it 37 00:02:12,960 --> 00:02:15,560 Speaker 2: was looking pretty good because the blood moon, the way 38 00:02:15,560 --> 00:02:18,639 Speaker 2: it's supposed to go, it features deep red or orange 39 00:02:18,680 --> 00:02:23,760 Speaker 2: glow as the as the eclipse begin and continues, and 40 00:02:23,960 --> 00:02:27,200 Speaker 2: it was really starting to look pretty cool and you 41 00:02:27,240 --> 00:02:29,880 Speaker 2: could actually see that kind of orange tinge to it, 42 00:02:29,960 --> 00:02:32,000 Speaker 2: and then all of a sudden, there goes the clouds. 43 00:02:32,040 --> 00:02:35,799 Speaker 2: So Anyway, if you go online, there's probably pictures from 44 00:02:35,840 --> 00:02:39,120 Speaker 2: other areas of the country where you can see what 45 00:02:39,400 --> 00:02:42,840 Speaker 2: you missed, because that depending upon where you were. But 46 00:02:43,320 --> 00:02:45,239 Speaker 2: it was just kind of funny because I was thinking, 47 00:02:45,639 --> 00:02:49,160 Speaker 2: you know, should I stay up, should I watch it? 48 00:02:49,240 --> 00:02:54,120 Speaker 2: Should I not? Because you know, generally there's, like I said, 49 00:02:54,200 --> 00:02:56,840 Speaker 2: in greater since hey, northern Kentucky area, there's always something 50 00:02:56,880 --> 00:02:59,520 Speaker 2: that interferes with it. And we have rain in the 51 00:02:59,520 --> 00:03:02,760 Speaker 2: forecap or been having rained on the forecast all I 52 00:03:02,760 --> 00:03:06,360 Speaker 2: think one hundred percent chance yesterday evening last night, one 53 00:03:06,440 --> 00:03:09,560 Speaker 2: hundred percent chance yesterday and for a couple of days. 54 00:03:09,639 --> 00:03:13,040 Speaker 2: So I've kind of taken my chances there with possibly 55 00:03:14,440 --> 00:03:16,560 Speaker 2: the clouds parting for a moment to be able to 56 00:03:16,600 --> 00:03:21,280 Speaker 2: see this. But anyway, just another missed opportunity. I guess 57 00:03:21,320 --> 00:03:24,399 Speaker 2: I'll just have to enjoy those pictures online. We got 58 00:03:24,400 --> 00:03:28,640 Speaker 2: some great news from the Labor Department. Labor Department plans 59 00:03:28,680 --> 00:03:33,640 Speaker 2: to rescind a controversial independent contractor rule in the move 60 00:03:34,000 --> 00:03:36,640 Speaker 2: welcome by Trucker's Secretary of State. 61 00:03:37,760 --> 00:03:39,600 Speaker 3: Secretary of Labor Lori. 62 00:03:39,600 --> 00:03:44,160 Speaker 2: Chevez de Raymer announced February twenty sixth that the proposed 63 00:03:44,240 --> 00:03:46,920 Speaker 2: rule under the wage in our division to rescind a 64 00:03:47,040 --> 00:03:49,280 Speaker 2: Biden era final rule. 65 00:03:49,680 --> 00:03:53,920 Speaker 3: Now, when she was nominated, I was kind. 66 00:03:53,680 --> 00:03:59,320 Speaker 2: Of suspect about that because her workings in the private 67 00:03:59,400 --> 00:04:06,200 Speaker 2: sector had to do more with anti independent contractor information 68 00:04:06,360 --> 00:04:09,000 Speaker 2: and rules and so on, and I thought, why is 69 00:04:09,040 --> 00:04:13,600 Speaker 2: she being appointed to this position? And the interesting thing 70 00:04:13,720 --> 00:04:20,760 Speaker 2: about certain lobbyists or certain people that are hired, how 71 00:04:20,760 --> 00:04:25,919 Speaker 2: do I say this. If you're a good attorney or 72 00:04:25,960 --> 00:04:29,560 Speaker 2: you're a good administrator at something, once in a while 73 00:04:29,800 --> 00:04:33,400 Speaker 2: you have this bill or you were asked to do 74 00:04:33,680 --> 00:04:38,440 Speaker 2: something that you don't necessarily agree with, but if you're 75 00:04:38,560 --> 00:04:42,320 Speaker 2: hired to do that, you have to represent that organization 76 00:04:42,600 --> 00:04:46,720 Speaker 2: and do it properly. On a personal note, years ago 77 00:04:46,839 --> 00:04:49,839 Speaker 2: in my accounting career now that I'm a recovering accountant, 78 00:04:50,520 --> 00:04:52,800 Speaker 2: I was working for an accounting firm and we were 79 00:04:52,839 --> 00:04:59,080 Speaker 2: assigned back in the eighties this contract with the Department 80 00:04:59,120 --> 00:05:02,599 Speaker 2: of Energy, which first of all, the Department of Energy 81 00:05:02,640 --> 00:05:06,039 Speaker 2: had just been introduced, probably been in existence for about 82 00:05:06,080 --> 00:05:09,560 Speaker 2: ten years, but after the oil and bargo and everything, 83 00:05:09,600 --> 00:05:12,239 Speaker 2: there was all this move to try to make sure 84 00:05:12,279 --> 00:05:16,159 Speaker 2: that the companies were doing domestic drilling, that they would 85 00:05:16,200 --> 00:05:19,320 Speaker 2: get certain credits if they did domestic drilling, or if 86 00:05:19,320 --> 00:05:23,719 Speaker 2: they get credits for buying oil from other countries certain countries, 87 00:05:23,960 --> 00:05:26,080 Speaker 2: but if it was new oil or whatever, there would 88 00:05:26,120 --> 00:05:29,640 Speaker 2: be restriction anyway. So there was a whole complicated thing 89 00:05:29,680 --> 00:05:34,920 Speaker 2: that they had to comply with, and there was some 90 00:05:34,920 --> 00:05:37,800 Speaker 2: some I guess back and forth disputes whether or not 91 00:05:37,880 --> 00:05:40,719 Speaker 2: these companies were doing this. So the Department of Energy 92 00:05:40,800 --> 00:05:43,120 Speaker 2: hired these auditors to go around and check to make 93 00:05:43,120 --> 00:05:47,840 Speaker 2: sure that these oil companies were complying. And it took 94 00:05:47,880 --> 00:05:50,480 Speaker 2: them like two years, three years or whatever, and they 95 00:05:50,520 --> 00:05:54,200 Speaker 2: hadn't completed an audit. So they decided to hire accounting 96 00:05:54,240 --> 00:05:55,919 Speaker 2: firms to go ahead and do that. The firm that 97 00:05:55,960 --> 00:05:59,520 Speaker 2: I worked for, so I was assigned to an oil 98 00:05:59,560 --> 00:06:04,320 Speaker 2: company and it was an adversarial position because it was 99 00:06:04,360 --> 00:06:08,080 Speaker 2: a compliance type of thing. And on the first day, 100 00:06:08,160 --> 00:06:10,640 Speaker 2: the first meeting with the folks, I'm talking to them 101 00:06:10,680 --> 00:06:12,839 Speaker 2: and I said, look, you know, I got to admit 102 00:06:13,000 --> 00:06:14,719 Speaker 2: I don't like this law. 103 00:06:14,760 --> 00:06:17,360 Speaker 3: I don't like the way it's set up and all this. 104 00:06:18,400 --> 00:06:21,039 Speaker 2: I think you guys should be able to do what 105 00:06:21,120 --> 00:06:25,960 Speaker 2: you do as inexpensive as you can, but the law 106 00:06:26,120 --> 00:06:27,960 Speaker 2: is the law, and I have to do this, so 107 00:06:28,279 --> 00:06:30,680 Speaker 2: you know, give me the documents or let me have 108 00:06:30,800 --> 00:06:31,800 Speaker 2: the documents and. 109 00:06:32,240 --> 00:06:34,760 Speaker 3: We'll get through this and work through this. 110 00:06:35,400 --> 00:06:38,360 Speaker 2: Well, they were very resistant to that, and they were 111 00:06:38,400 --> 00:06:42,000 Speaker 2: delaying getting documents, and you had to, you know, if 112 00:06:42,480 --> 00:06:46,480 Speaker 2: a document was you know, labeled a certain way, like 113 00:06:46,520 --> 00:06:49,200 Speaker 2: if I'm reading this headline here and says Labor Department 114 00:06:49,240 --> 00:06:54,000 Speaker 2: plans to recind independent contractor rule. If that's the title 115 00:06:54,040 --> 00:06:56,080 Speaker 2: of the document, and that's what you asked for, you 116 00:06:56,240 --> 00:06:59,240 Speaker 2: got that. But if I asked for the document that 117 00:06:59,320 --> 00:07:05,040 Speaker 2: rescinded Labor Department plans for this independent contract rule, they 118 00:07:05,040 --> 00:07:07,279 Speaker 2: would say, well, we don't have that document because they 119 00:07:07,320 --> 00:07:09,960 Speaker 2: didn't name it properly. So they were playing these games 120 00:07:10,480 --> 00:07:12,560 Speaker 2: and it got kind of aggravating, and I said, look, 121 00:07:12,600 --> 00:07:14,679 Speaker 2: you know, I'm trying to be on your side. 122 00:07:14,760 --> 00:07:14,960 Speaker 3: Now. 123 00:07:14,960 --> 00:07:20,480 Speaker 2: This Linda Chavez Dreamer, Apparently in the private sector, she 124 00:07:20,720 --> 00:07:23,240 Speaker 2: had some issues and some of the stuff that she 125 00:07:23,400 --> 00:07:26,280 Speaker 2: was doing. Maybe it was a matter of a hired 126 00:07:26,400 --> 00:07:29,720 Speaker 2: gun or something like that, but her true beliefs were 127 00:07:29,760 --> 00:07:31,680 Speaker 2: what she's doing now in the Department of Labor. I 128 00:07:31,720 --> 00:07:34,360 Speaker 2: don't know for sure, but it's kind of interesting because 129 00:07:34,400 --> 00:07:37,000 Speaker 2: I remember thinking that this is not the person I 130 00:07:37,040 --> 00:07:40,360 Speaker 2: think should be in this position because she was kind 131 00:07:40,360 --> 00:07:45,000 Speaker 2: of more towards the heading of not being interested or 132 00:07:45,120 --> 00:07:47,520 Speaker 2: not wanting independent contractors. 133 00:07:47,560 --> 00:07:49,000 Speaker 3: But anyway, I digress. 134 00:07:49,480 --> 00:07:53,000 Speaker 2: Tens of millions Americans who work independent contractors are helping 135 00:07:53,120 --> 00:07:56,080 Speaker 2: drive the golden age of the American economy. That's according 136 00:07:56,080 --> 00:08:00,000 Speaker 2: to Chavez Dreamer. She said in a statement, the departments 137 00:07:59,760 --> 00:08:04,160 Speaker 2: pose rules seeks to protect these workers entrepreneurial spirit and 138 00:08:04,240 --> 00:08:08,880 Speaker 2: simplify compliance for American job creators navigating a modern workplace, 139 00:08:09,400 --> 00:08:14,640 Speaker 2: all while maintaining robust protections for employees under the Labor 140 00:08:14,680 --> 00:08:18,440 Speaker 2: Affair Labor Standards Act. The proposed rule would undo the 141 00:08:18,480 --> 00:08:24,560 Speaker 2: twenty twenty four final ruling classifying independent contractors and replace 142 00:08:24,640 --> 00:08:29,440 Speaker 2: it with an employee classification analysis similar to one the 143 00:08:29,520 --> 00:08:33,240 Speaker 2: Department used in twenty twenty one and kind of along 144 00:08:33,280 --> 00:08:37,440 Speaker 2: the lines of if you remember that AB five out 145 00:08:37,440 --> 00:08:40,959 Speaker 2: in California. So let's go through this story a little 146 00:08:40,960 --> 00:08:45,760 Speaker 2: bit more. Let's see the statements consistent with the Supreme 147 00:08:45,800 --> 00:08:47,920 Speaker 2: Court and Federal Circuit Court. 148 00:08:48,000 --> 00:08:52,239 Speaker 3: The President. The proposed rule would. 149 00:08:51,960 --> 00:08:56,960 Speaker 2: Make it easier to properly differentiate between employees and the 150 00:08:57,000 --> 00:09:00,800 Speaker 2: protections under the Fair Labor Standards Act and those workers 151 00:09:01,400 --> 00:09:05,640 Speaker 2: who work as independent contractors. The agency stated, now, again 152 00:09:06,240 --> 00:09:09,800 Speaker 2: this is one of those areas where you know, the 153 00:09:10,480 --> 00:09:16,959 Speaker 2: big brother California and the Biden Labor Department. They decided 154 00:09:16,960 --> 00:09:20,439 Speaker 2: that you know, all these all you independent truck drivers 155 00:09:20,440 --> 00:09:25,160 Speaker 2: out there, you're being taken advantage of by these employers 156 00:09:25,280 --> 00:09:28,800 Speaker 2: or by these companies that you drive for, that somehow 157 00:09:29,160 --> 00:09:33,480 Speaker 2: you're not smart enough to identify what companies you want 158 00:09:33,480 --> 00:09:35,080 Speaker 2: to haul for, or whether you want to be an 159 00:09:35,120 --> 00:09:38,800 Speaker 2: employee or an independent contractor on your own business or whatever. 160 00:09:39,160 --> 00:09:42,960 Speaker 2: So they decided that they were going to protect you, 161 00:09:42,960 --> 00:09:45,000 Speaker 2: you know, because you're again you're not smart enough to 162 00:09:45,000 --> 00:09:48,600 Speaker 2: figure these things out for yourself. And so this was 163 00:09:48,640 --> 00:09:51,480 Speaker 2: going to create some problems as far as independent contractors. 164 00:09:51,800 --> 00:09:53,800 Speaker 2: And the bottom line is what they're forgetting is that 165 00:09:53,880 --> 00:09:57,360 Speaker 2: people have the choice. Some people like being an independent 166 00:09:57,400 --> 00:10:00,880 Speaker 2: contractor and want to be an independent contract and don't 167 00:10:00,880 --> 00:10:03,160 Speaker 2: want to be tied to a particular company and they 168 00:10:03,240 --> 00:10:05,760 Speaker 2: want to have their own business. So again this is 169 00:10:05,800 --> 00:10:07,320 Speaker 2: good news for that. And we'll talk a little bit 170 00:10:07,360 --> 00:10:10,040 Speaker 2: more about that because there's some other things in here. 171 00:10:10,200 --> 00:10:14,480 Speaker 2: I'm Kevin Gordon, America's Trucking Network seven hundred WLW. 172 00:10:16,200 --> 00:10:17,280 Speaker 3: We need this is. 173 00:10:17,240 --> 00:10:21,760 Speaker 1: The racing reward on America's Trucking Network on seven hundred WLW. 174 00:10:22,480 --> 00:10:25,520 Speaker 4: The NHR Drag Racing Series season kicks off this weekend 175 00:10:25,520 --> 00:10:29,079 Speaker 4: with the Gator Nationals in Gainesville, Florida. The NHRA teams 176 00:10:29,120 --> 00:10:31,760 Speaker 4: just closed out a two day test at Gainesville Raceway, 177 00:10:32,040 --> 00:10:35,319 Speaker 4: getting ready to open the twenty twenty six seventy fifth 178 00:10:35,320 --> 00:10:39,679 Speaker 4: anniversary season, Arizona Diamondbacks legend Luis Gonzales will serve as 179 00:10:39,679 --> 00:10:42,920 Speaker 4: the honorary pace car driver ahead of Sunday's Straight Talk 180 00:10:43,000 --> 00:10:46,439 Speaker 4: Wireless five hundred at Phoenix Raceway in the NASCAR Cup Series. 181 00:10:46,679 --> 00:10:49,319 Speaker 4: Gonzales is known as one of the most popular figures 182 00:10:49,320 --> 00:10:52,160 Speaker 4: in d bach's history, mainly because of his game winning 183 00:10:52,280 --> 00:10:54,600 Speaker 4: single in Game seven of the two thousand and one 184 00:10:54,640 --> 00:10:58,480 Speaker 4: World Series that secured the team's first World championship. 185 00:10:59,360 --> 00:11:02,960 Speaker 1: We need this the breathing report on America's Drugging Network 186 00:11:03,120 --> 00:11:04,920 Speaker 1: on seven hundred WLW. 187 00:11:05,440 --> 00:11:06,880 Speaker 4: Sake Dennis are reporting. 188 00:11:06,600 --> 00:11:08,280 Speaker 3: For a t. 189 00:11:09,920 --> 00:11:13,040 Speaker 1: N Get ready for the twenty twenty six Mid America 190 00:11:13,080 --> 00:11:17,000 Speaker 1: Trucking Show, the largest annual trucking event in the country, Thursday, 191 00:11:17,080 --> 00:11:19,480 Speaker 1: March twenty sixth through Saturday. 192 00:11:19,040 --> 00:11:22,520 Speaker 2: Mark seven hundred, WLW tell you a little bit more 193 00:11:22,559 --> 00:11:27,480 Speaker 2: about this. Labor Department plans to rescind independent contractor rule again. 194 00:11:27,800 --> 00:11:31,920 Speaker 2: The big government Biden administration. They never saw an industry 195 00:11:31,920 --> 00:11:35,199 Speaker 2: that they couldn't regulate, didn't want to regulate, tell them 196 00:11:35,240 --> 00:11:38,520 Speaker 2: how to operate things, and just complicate things rather than 197 00:11:38,559 --> 00:11:42,000 Speaker 2: taking things on their own. In other words, seeking to 198 00:11:42,600 --> 00:11:47,000 Speaker 2: solve a problem that doesn't exist, you know, a solution 199 00:11:47,160 --> 00:11:48,320 Speaker 2: in search of a problem. 200 00:11:49,480 --> 00:11:49,920 Speaker 3: Let's see. 201 00:11:49,920 --> 00:11:53,120 Speaker 2: The development was welcome by the American Trucking Association President 202 00:11:53,160 --> 00:11:55,960 Speaker 2: Chris Spear, who said the proposed rule would do away 203 00:11:56,000 --> 00:12:00,439 Speaker 2: with the I just quote destructive classification standard and promote 204 00:12:00,440 --> 00:12:04,280 Speaker 2: regulation to correct over three hundred and fifty thousand independent truckers. 205 00:12:04,960 --> 00:12:08,600 Speaker 2: In a statement, he said, following years of advocacy by ATA, 206 00:12:09,000 --> 00:12:13,560 Speaker 2: the Trump Administration's proposal represents a significant step forward to 207 00:12:13,600 --> 00:12:17,440 Speaker 2: defend the livelihoods of the hundreds of thousands of truckers 208 00:12:17,600 --> 00:12:21,319 Speaker 2: who choose to work as independent contractors. He thanked President 209 00:12:21,360 --> 00:12:25,120 Speaker 2: Donald Trump for listening to the concerns of professional drivers 210 00:12:25,280 --> 00:12:29,840 Speaker 2: and taking actions to protect individual opportunity, our supply chain, 211 00:12:30,040 --> 00:12:34,240 Speaker 2: and our economy. Speir noted ATA will continue to support 212 00:12:34,880 --> 00:12:39,160 Speaker 2: finalizing the new rule and encouraging Congress to pass legislation 213 00:12:39,280 --> 00:12:44,240 Speaker 2: to codify the policy into law. Again, this would be 214 00:12:44,280 --> 00:12:48,520 Speaker 2: an opportunity for you to call your congressman, senator, etc. 215 00:12:49,240 --> 00:12:53,600 Speaker 2: And tell them if this proposal comes up for legislation 216 00:12:54,040 --> 00:12:57,000 Speaker 2: that you would very much appreciate it if they were 217 00:12:57,080 --> 00:13:01,800 Speaker 2: to participate in that and actually get behind that particular rule. 218 00:13:02,720 --> 00:13:06,320 Speaker 2: And again I can't emphasize enough how if you are 219 00:13:06,760 --> 00:13:11,520 Speaker 2: going to I keep emphasizing this if you see legislation 220 00:13:11,600 --> 00:13:14,600 Speaker 2: that's coming through Congress, whether it's am radio for every 221 00:13:14,640 --> 00:13:19,640 Speaker 2: car trying to do away with the proposal to allow 222 00:13:20,360 --> 00:13:24,240 Speaker 2: truckers you out and there on the driving to use 223 00:13:24,320 --> 00:13:28,640 Speaker 2: the restroom facilities that these warehouses and these places where 224 00:13:28,640 --> 00:13:33,400 Speaker 2: you deliver or pick up loads. Again, these things having 225 00:13:33,440 --> 00:13:37,400 Speaker 2: to be mandated by Congress. There is a hotline. I'm 226 00:13:37,440 --> 00:13:40,200 Speaker 2: not a hotline, so to speak, but it's the Labor 227 00:13:40,480 --> 00:13:44,240 Speaker 2: or Labor the US House switchboard. Now this is the 228 00:13:44,280 --> 00:13:47,600 Speaker 2: switchboard for not only the House and the Senate, and 229 00:13:47,640 --> 00:13:51,600 Speaker 2: it's a very simple process. I've used it several times 230 00:13:51,640 --> 00:13:54,600 Speaker 2: on certain laws that we wanted passed in the business 231 00:13:54,600 --> 00:13:57,400 Speaker 2: community and some things that I was working on over 232 00:13:57,440 --> 00:14:00,719 Speaker 2: the last decade or so well decade and a half, 233 00:14:00,800 --> 00:14:04,160 Speaker 2: so to speak. But they're very friendly. It doesn't put 234 00:14:04,160 --> 00:14:06,440 Speaker 2: you on anybody's radar screen that you're going to be 235 00:14:06,440 --> 00:14:07,400 Speaker 2: targeted because. 236 00:14:07,200 --> 00:14:08,720 Speaker 3: You're a rabbel rouser. Whatever. 237 00:14:09,120 --> 00:14:11,400 Speaker 2: All you do is you want to call your congressman 238 00:14:11,480 --> 00:14:14,280 Speaker 2: or senator and tell them how you feel about a 239 00:14:14,280 --> 00:14:17,760 Speaker 2: particular piece of legislation. Now that phone number is two 240 00:14:17,920 --> 00:14:23,080 Speaker 2: zero two two two four three one two one, and 241 00:14:23,320 --> 00:14:25,760 Speaker 2: you call that number. You don't even have to know 242 00:14:26,120 --> 00:14:28,760 Speaker 2: who your senator is or even your congressman for that 243 00:14:28,800 --> 00:14:31,160 Speaker 2: matter of fact. All you've got to do is tell 244 00:14:31,160 --> 00:14:33,880 Speaker 2: them where you live what, and they will know what 245 00:14:34,000 --> 00:14:36,160 Speaker 2: district you're in, and they will tell you who your 246 00:14:36,200 --> 00:14:38,480 Speaker 2: congressman and senator. And you can just say, I want 247 00:14:38,520 --> 00:14:40,560 Speaker 2: to leave a message for them that I want them 248 00:14:40,600 --> 00:14:43,480 Speaker 2: to vote in favor of this particular piece of legislation. 249 00:14:44,080 --> 00:14:46,840 Speaker 2: And like I said, it's a very easy process. It's 250 00:14:46,840 --> 00:14:49,160 Speaker 2: probably one of the best things that the government does. 251 00:14:49,480 --> 00:14:53,240 Speaker 2: People are very friendly, very courteous, and you just, you know, 252 00:14:53,400 --> 00:14:55,920 Speaker 2: you display that also. You just say, look, I just 253 00:14:55,960 --> 00:14:59,320 Speaker 2: want to let my congressman senator know how I feel 254 00:14:59,320 --> 00:15:02,000 Speaker 2: about this part twinular piece of legislation and hope that 255 00:15:02,040 --> 00:15:06,240 Speaker 2: they support it. And so it's nothing further than that. Again, 256 00:15:06,680 --> 00:15:08,880 Speaker 2: you know, I'll dig up the phone number here again 257 00:15:09,040 --> 00:15:14,040 Speaker 2: for you. That's two zero two two two four three 258 00:15:14,120 --> 00:15:17,400 Speaker 2: one two one. I'll put that on my Facebook page 259 00:15:17,440 --> 00:15:20,040 Speaker 2: just in case anybody wants to look that up. But 260 00:15:20,400 --> 00:15:22,760 Speaker 2: like I said, it is a very easy process and 261 00:15:23,000 --> 00:15:26,480 Speaker 2: something that I've used in the past and probably continue 262 00:15:26,560 --> 00:15:27,960 Speaker 2: not only that, but continue to do. 263 00:15:27,920 --> 00:15:29,560 Speaker 3: That in the future. As a matter of fact. 264 00:15:29,600 --> 00:15:31,280 Speaker 2: On a side note, one of the things I keep 265 00:15:31,320 --> 00:15:35,040 Speaker 2: doing is that you know, even with the no tax 266 00:15:35,080 --> 00:15:40,720 Speaker 2: on tips from the big one, big beautiful bill, that 267 00:15:41,120 --> 00:15:45,160 Speaker 2: doesn't necessary. You know, it's not quite no tax on tips, 268 00:15:45,240 --> 00:15:48,800 Speaker 2: no tax on overtime, and no tax on social security. 269 00:15:49,360 --> 00:15:52,520 Speaker 2: That's part of the big beautiful one, big beautiful bill, 270 00:15:52,880 --> 00:15:56,400 Speaker 2: but it doesn't go far enough. The tax on tips 271 00:15:56,440 --> 00:15:58,920 Speaker 2: only goes up to the first twenty you know, if 272 00:15:58,960 --> 00:16:01,760 Speaker 2: you earn more than twenty five thousand dollars in tips, 273 00:16:02,200 --> 00:16:06,600 Speaker 2: then you are taxed on that. On overtime, anything over 274 00:16:06,680 --> 00:16:11,880 Speaker 2: twelve thousand dollars is taxed, And I think possibly those 275 00:16:11,960 --> 00:16:16,280 Speaker 2: numbers should have been switched in terms of twelve thousand. 276 00:16:16,480 --> 00:16:18,880 Speaker 2: You know, anything over twelve thousand tips be you know, 277 00:16:18,920 --> 00:16:21,040 Speaker 2: if they're gonna do, they're going to play games that 278 00:16:21,120 --> 00:16:23,560 Speaker 2: way and not allow the whole thing to go through. 279 00:16:24,320 --> 00:16:28,080 Speaker 2: The overtime is extremely low. You can earn twelve thousand 280 00:16:28,080 --> 00:16:31,120 Speaker 2: dollars in overtime in a very short period of time. 281 00:16:31,520 --> 00:16:34,240 Speaker 2: That number needs to be expanded and needs to go 282 00:16:34,360 --> 00:16:38,000 Speaker 2: out even further, probably close to about a forty eight 283 00:16:38,040 --> 00:16:41,720 Speaker 2: to fifty thousand dollars range before you're taxed on overtime. 284 00:16:41,960 --> 00:16:45,320 Speaker 2: As far as tips, twenty five thousand dollars is probably 285 00:16:45,360 --> 00:16:48,240 Speaker 2: pretty decent, but it should be permanent, and it should 286 00:16:48,320 --> 00:16:50,720 Speaker 2: be actually actually, if you're going to do it, do 287 00:16:51,120 --> 00:16:55,520 Speaker 2: no tax on tips whatsoever, no limit, no whatever. So generally, 288 00:16:55,520 --> 00:16:57,720 Speaker 2: when I get a receipt, when I get the check 289 00:16:57,760 --> 00:17:00,520 Speaker 2: at a restaurant, when they put you know on there 290 00:17:01,080 --> 00:17:03,000 Speaker 2: what the total is, and then they have the line 291 00:17:03,040 --> 00:17:06,200 Speaker 2: for a tip and then the total. Instead of putting 292 00:17:06,280 --> 00:17:09,199 Speaker 2: that on a card, I usually leave cash and I 293 00:17:09,280 --> 00:17:12,480 Speaker 2: put in a note there. I put cash left on table, 294 00:17:12,960 --> 00:17:15,080 Speaker 2: and then I'll put a note across the bill that 295 00:17:15,119 --> 00:17:19,679 Speaker 2: says no income tax on tips. Call Congress, and then 296 00:17:19,720 --> 00:17:23,120 Speaker 2: I give them that phone number. And I've had discussions 297 00:17:23,119 --> 00:17:28,199 Speaker 2: with the cashier or the hostess or the server and 298 00:17:28,200 --> 00:17:30,320 Speaker 2: they'll say, oh, what's this And she goes, I didn't 299 00:17:30,320 --> 00:17:32,320 Speaker 2: know anything about that, and I said, well, you know, 300 00:17:32,400 --> 00:17:34,359 Speaker 2: and I explained it to them, and they say, geez, 301 00:17:34,359 --> 00:17:37,440 Speaker 2: I think I will call a congressman about that. Because again, 302 00:17:37,800 --> 00:17:40,719 Speaker 2: if you're going to say no tax on tips, no 303 00:17:40,880 --> 00:17:45,280 Speaker 2: tax on overtime, and no tax on Social Security, that's 304 00:17:45,280 --> 00:17:48,679 Speaker 2: what it should be. There shouldn't be this limitation in 305 00:17:48,760 --> 00:17:52,480 Speaker 2: terms of no tax on tips well up to twenty 306 00:17:52,560 --> 00:17:55,719 Speaker 2: five thousand, no tax on overtime well up to twelve thousand, 307 00:17:55,960 --> 00:17:59,320 Speaker 2: and so it's ridiculous. So those items need to be adjusted. 308 00:17:59,520 --> 00:18:02,000 Speaker 2: If you're going to be doing no tax on those zimes, 309 00:18:02,240 --> 00:18:04,439 Speaker 2: make it no tax on them and none of this 310 00:18:04,600 --> 00:18:07,080 Speaker 2: minimum or maximum that you can earn. 311 00:18:07,119 --> 00:18:08,640 Speaker 3: But anyway, back to the story. 312 00:18:08,640 --> 00:18:11,640 Speaker 2: Ata said the proposed rule would restore the first Trump 313 00:18:11,720 --> 00:18:16,520 Speaker 2: administration's definition for independent contractors that brought clarity and order 314 00:18:16,600 --> 00:18:19,280 Speaker 2: to the law in this area. In twenty twenty four, 315 00:18:19,359 --> 00:18:23,800 Speaker 2: independent contractors came under fire when the Biden administration radically 316 00:18:23,880 --> 00:18:28,919 Speaker 2: rewrote those rules and tried to eliminate as many independent 317 00:18:28,960 --> 00:18:34,040 Speaker 2: contractors as possible their classification, replacing a straightforward definition with 318 00:18:34,160 --> 00:18:39,119 Speaker 2: an opaque and deliberately confusing standard designed to fuel frivolous 319 00:18:39,200 --> 00:18:43,240 Speaker 2: litigation and deny self employed individuals the freedom of choice 320 00:18:43,240 --> 00:18:47,000 Speaker 2: to work for independent contractors. Labor Department noted that the 321 00:18:47,040 --> 00:18:52,680 Speaker 2: POSE rule would apply an economic reality test to decide 322 00:18:52,680 --> 00:18:55,440 Speaker 2: if a worker is in a business as an independent 323 00:18:55,520 --> 00:19:02,280 Speaker 2: contractor or employee economically dependent on dependent on an employer. 324 00:19:02,640 --> 00:19:06,360 Speaker 2: So if you're not necessarily dependent on a particular employer 325 00:19:06,800 --> 00:19:09,560 Speaker 2: and it's something outside of their normal business, a normal 326 00:19:09,600 --> 00:19:13,040 Speaker 2: business would be you know, whatever process or whatever manufacturing 327 00:19:13,040 --> 00:19:16,959 Speaker 2: company it is, egg producers and stuff like that, just 328 00:19:17,000 --> 00:19:20,479 Speaker 2: because or these uh I think one of the cases 329 00:19:20,520 --> 00:19:24,439 Speaker 2: I saw that and the and the title of the 330 00:19:24,520 --> 00:19:29,840 Speaker 2: article was if you haul for a baking company, that 331 00:19:29,920 --> 00:19:33,080 Speaker 2: doesn't make you a baker, that doesn't make you an 332 00:19:33,080 --> 00:19:36,600 Speaker 2: employee of that company. It makes you an independent contractor. 333 00:19:36,800 --> 00:19:39,359 Speaker 2: You're still a truck driver just because you know you're 334 00:19:39,400 --> 00:19:42,800 Speaker 2: a truck driver. You're not an automobile manufacturer, you're not 335 00:19:42,920 --> 00:19:45,920 Speaker 2: a baker, you're not whatever the business is you haul for. 336 00:19:46,240 --> 00:19:47,840 Speaker 2: And so that was one of the things that they 337 00:19:47,880 --> 00:19:52,520 Speaker 2: were talking about. UH, identifying explain two core factors. To 338 00:19:52,600 --> 00:19:56,600 Speaker 2: determine a worker economically relies on an employer or work 339 00:19:56,880 --> 00:20:00,600 Speaker 2: for work business who has control over his work who 340 00:20:00,000 --> 00:20:05,000 Speaker 2: It also would examine if the worker can incur profit 341 00:20:05,200 --> 00:20:09,920 Speaker 2: or loss based on initiative and or their own individual investment. 342 00:20:10,560 --> 00:20:13,960 Speaker 2: Andrew Rodgers, Administrator for the Wage in our Division, the 343 00:20:14,040 --> 00:20:16,600 Speaker 2: rule we are proposing today is not only based on 344 00:20:16,680 --> 00:20:20,720 Speaker 2: longstanding legal principles used in federal courts across the country, 345 00:20:20,920 --> 00:20:23,840 Speaker 2: but also is aimed at ensuring the workers and employers 346 00:20:24,160 --> 00:20:28,480 Speaker 2: now know how to apply these principles. Now, of course 347 00:20:28,480 --> 00:20:30,840 Speaker 2: they're leaving this, but they mentioned in here that the 348 00:20:30,880 --> 00:20:34,639 Speaker 2: public comments are being accepted on the proposed rule for 349 00:20:34,680 --> 00:20:38,280 Speaker 2: a sixty day period ending April to twenty eighth at 350 00:20:38,280 --> 00:20:42,840 Speaker 2: eleven fifty nine pm. Now, they don't list any websites 351 00:20:42,880 --> 00:20:44,960 Speaker 2: on here. I guess I'll have to do a post 352 00:20:45,000 --> 00:20:48,280 Speaker 2: on Facebook to mention that and if you're interested in 353 00:20:48,560 --> 00:20:52,159 Speaker 2: commenting on the rule again, and that'll be interesting to 354 00:20:52,200 --> 00:20:54,720 Speaker 2: see how this plays out in terms of if this 355 00:20:54,800 --> 00:20:57,000 Speaker 2: is a federal rule and this is part of the 356 00:20:57,040 --> 00:21:03,680 Speaker 2: Federal Labor Department, if that then will pre empt what 357 00:21:03,760 --> 00:21:06,600 Speaker 2: California is trying to do because California is trying to 358 00:21:06,600 --> 00:21:10,880 Speaker 2: eliminate all independent contractors, so it'll be interesting to see 359 00:21:10,920 --> 00:21:13,159 Speaker 2: that how that happens. Coming up, want to talk a 360 00:21:13,200 --> 00:21:16,640 Speaker 2: little bit about oil and gas prices and how Operation 361 00:21:16,920 --> 00:21:21,040 Speaker 2: Epic Fury is affecting that and what we can see 362 00:21:21,160 --> 00:21:23,440 Speaker 2: and again kind of basing on what we talked about 363 00:21:23,440 --> 00:21:26,679 Speaker 2: with Phil Flynn yesterday. I'm Kevin Gordon, America's Trucking Network 364 00:21:26,960 --> 00:21:29,119 Speaker 2: seven hundred WLW. 365 00:21:30,280 --> 00:21:32,560 Speaker 5: Here's your trucking forecast for the Try State and the 366 00:21:32,600 --> 00:21:35,080 Speaker 5: rest of the country and the Try State. Overnight rain 367 00:21:35,160 --> 00:21:38,520 Speaker 5: with possible storms, although only down to fifty, rain and storms. 368 00:21:38,560 --> 00:21:41,880 Speaker 5: Wednesday high a sixty three. Thursday rain and a possible 369 00:21:41,920 --> 00:21:44,360 Speaker 5: storm the high year seventy, then a chance of rain 370 00:21:44,560 --> 00:21:48,040 Speaker 5: ending by early afternoon Friday, otherwise partly sunny. Highes get 371 00:21:48,080 --> 00:21:50,960 Speaker 5: into the upper seventies Nationally over the next few days. 372 00:21:51,000 --> 00:21:54,080 Speaker 5: Showers and storms could potentially be strong seen between the 373 00:21:54,119 --> 00:21:57,280 Speaker 5: southern Plains and Ohio Valley. A cold front crossing the 374 00:21:57,280 --> 00:22:00,520 Speaker 5: western US and Rockies by midweek, bringing gusty ways and 375 00:22:00,640 --> 00:22:04,000 Speaker 5: mountain snow. Meanwhile, above average temperatures expected to become wide 376 00:22:04,040 --> 00:22:06,840 Speaker 5: spread across the US this week, with possible record high 377 00:22:06,840 --> 00:22:14,320 Speaker 5: temperatures from these southern planes to the midwest seven. 378 00:22:14,160 --> 00:22:15,680 Speaker 3: Hundred wl W. 379 00:22:15,920 --> 00:22:18,240 Speaker 2: I'm Kevin Gordon is as America has struck a network. 380 00:22:18,960 --> 00:22:21,479 Speaker 2: If you miss our previous segments where you missed our 381 00:22:21,520 --> 00:22:24,000 Speaker 2: interview even yesterday with Phil Flynn, or any of our shows, 382 00:22:24,080 --> 00:22:26,119 Speaker 2: make sure you hit up that iHeartRadio app brought to 383 00:22:26,160 --> 00:22:28,320 Speaker 2: you by our friends at Rush Truck Senters. Before I 384 00:22:28,359 --> 00:22:30,240 Speaker 2: get an oil and gas prices, there are some other 385 00:22:30,359 --> 00:22:34,840 Speaker 2: interesting things that have been occurring. Manufacturing shows strength while 386 00:22:34,880 --> 00:22:39,040 Speaker 2: prices accelerate is the headline on US manufacturing grows for 387 00:22:39,240 --> 00:22:43,560 Speaker 2: second straight months, but tariff instability still exists. Of course, 388 00:22:43,880 --> 00:22:46,119 Speaker 2: you know that that phrase is going to be in there. 389 00:22:47,400 --> 00:22:50,320 Speaker 2: A couple of key takeaways in this one story. US 390 00:22:50,440 --> 00:22:57,080 Speaker 2: manufacturing expanded in February as the Institute for Supply Management 391 00:22:57,440 --> 00:23:01,800 Speaker 2: Factory Index held at fifty two zero point four fifty 392 00:23:01,840 --> 00:23:05,639 Speaker 2: two point four, but input prices surge to the highest 393 00:23:05,680 --> 00:23:09,159 Speaker 2: level since twenty twenty two. Now we saw that, or 394 00:23:09,280 --> 00:23:13,520 Speaker 2: actually those numbers came out in the Producer Price Index. 395 00:23:13,560 --> 00:23:16,639 Speaker 2: It was released last Friday, but of course on Monday 396 00:23:16,680 --> 00:23:18,199 Speaker 2: we didn't have a chance to get to that. But 397 00:23:19,320 --> 00:23:22,679 Speaker 2: the prices went up, but it seemed to be in 398 00:23:22,800 --> 00:23:26,280 Speaker 2: line with what they had Well, it was more than expected, 399 00:23:26,600 --> 00:23:29,879 Speaker 2: but there were some underlying factors that doesn't look like 400 00:23:29,920 --> 00:23:32,520 Speaker 2: this as a permanent things and that it will possibly 401 00:23:32,840 --> 00:23:35,960 Speaker 2: pull back. But anyway, if we have chance later on 402 00:23:36,040 --> 00:23:40,040 Speaker 2: the week, we may talk about that. But again, this index, 403 00:23:40,240 --> 00:23:43,480 Speaker 2: anything above fifty is a good sign, which means that 404 00:23:43,640 --> 00:23:49,200 Speaker 2: the manufacturing sector is increasing or is steady, which again 405 00:23:49,359 --> 00:23:52,880 Speaker 2: is good for you out there in the trucking business 406 00:23:53,280 --> 00:23:57,119 Speaker 2: because the more they manufacture, the more the manufacturing is 407 00:23:57,160 --> 00:24:00,600 Speaker 2: strong and steady, then the more they're going to the 408 00:24:00,640 --> 00:24:03,240 Speaker 2: more that's going to have to be transported, the more 409 00:24:03,359 --> 00:24:05,200 Speaker 2: raw materials that are going to have to come into 410 00:24:05,240 --> 00:24:11,640 Speaker 2: that facility. So keeping the transportation industry humming to do 411 00:24:11,680 --> 00:24:15,080 Speaker 2: that both on the input and the output area. So 412 00:24:15,359 --> 00:24:19,560 Speaker 2: again with that index being at fifty two point four, 413 00:24:20,040 --> 00:24:23,320 Speaker 2: that's a good sign. Now on the bad side, if 414 00:24:23,359 --> 00:24:26,880 Speaker 2: those numbers are up or the input costs are going up, 415 00:24:27,400 --> 00:24:30,399 Speaker 2: that needs to be addressed. And again I don't know 416 00:24:30,400 --> 00:24:33,159 Speaker 2: if it's a situation where it's a want to offer. 417 00:24:33,920 --> 00:24:36,240 Speaker 2: They don't really go into a detail. The jump in 418 00:24:36,280 --> 00:24:41,400 Speaker 2: the ism prices gauge and rising oil and metal cost signal, 419 00:24:41,520 --> 00:24:46,800 Speaker 2: renewed inflation pressure for producers amid tariff effects and supply constraints. 420 00:24:47,200 --> 00:24:50,560 Speaker 2: Now they throw this in there in terms of tariffs, 421 00:24:50,600 --> 00:24:54,440 Speaker 2: et cetera. As we've explained on this program several times, 422 00:24:54,640 --> 00:24:58,760 Speaker 2: it is not the tariffs that create inflation. The teriffs 423 00:24:58,840 --> 00:25:02,400 Speaker 2: will cause price increases in certain areas, they will also 424 00:25:02,640 --> 00:25:06,280 Speaker 2: create price decreases in other areas. The area where you 425 00:25:06,320 --> 00:25:09,800 Speaker 2: get into problems with is too much government spending. When 426 00:25:09,840 --> 00:25:15,080 Speaker 2: government sent spending is subsidizing certain items certain areas, then 427 00:25:15,359 --> 00:25:17,679 Speaker 2: not only do you get into the waste fraud and 428 00:25:17,720 --> 00:25:21,080 Speaker 2: abuse area, but you also get in that if people 429 00:25:21,320 --> 00:25:24,880 Speaker 2: know that the government is subsidizing this, that the government 430 00:25:25,000 --> 00:25:29,879 Speaker 2: is giving out money, then people in these companies or 431 00:25:29,960 --> 00:25:35,280 Speaker 2: these organizations will actually raise their prices. Again, talking about 432 00:25:35,320 --> 00:25:38,800 Speaker 2: how back during the Biden administration they did that deal 433 00:25:38,880 --> 00:25:42,720 Speaker 2: with a seven thousand dollars credit on your taxes if 434 00:25:42,760 --> 00:25:46,600 Speaker 2: you bought an electric car. Well, they passed that legislation 435 00:25:46,880 --> 00:25:50,040 Speaker 2: and by god, that tax credit was available. So if 436 00:25:50,080 --> 00:25:52,240 Speaker 2: you went out and bought an electric car at that point, 437 00:25:52,480 --> 00:25:55,400 Speaker 2: you could take a seven thousand dollars credit on your 438 00:25:55,400 --> 00:25:59,080 Speaker 2: income tax, which is a dollar for dollar reduction of 439 00:25:59,080 --> 00:26:05,240 Speaker 2: what any whatever taxes you owe. But the manufacturers turn 440 00:26:05,320 --> 00:26:09,760 Speaker 2: around and raise their prices by seven thousand dollars and 441 00:26:10,080 --> 00:26:14,199 Speaker 2: the government, the federal government, nobody said anything about it. 442 00:26:14,200 --> 00:26:16,720 Speaker 2: It was just okay, well, we'll just raise our prices 443 00:26:16,720 --> 00:26:19,119 Speaker 2: because you know they're getting that seven thousand dollars credit. 444 00:26:19,440 --> 00:26:22,400 Speaker 2: And so when you do that, that caused inflation there, 445 00:26:23,520 --> 00:26:26,920 Speaker 2: and it seemed like a good idea. But the whole 446 00:26:27,000 --> 00:26:30,520 Speaker 2: deal of unintended consequences come into play, because when you 447 00:26:30,560 --> 00:26:33,400 Speaker 2: think you're doing something on one end, it pushes thing 448 00:26:33,600 --> 00:26:36,359 Speaker 2: up on the other end. And so rather than letting 449 00:26:36,400 --> 00:26:39,159 Speaker 2: the market take its place, let the market rule. Let 450 00:26:39,240 --> 00:26:41,800 Speaker 2: the market do the ebb and flow that is normally 451 00:26:41,800 --> 00:26:44,359 Speaker 2: going to do. When the government decides that they're going 452 00:26:44,400 --> 00:26:46,840 Speaker 2: to push one end of the economy or push this 453 00:26:46,960 --> 00:26:50,600 Speaker 2: button here, that's going to affect other sections of the economy. 454 00:26:50,760 --> 00:26:53,800 Speaker 2: So when they try to do something in one end, 455 00:26:54,119 --> 00:26:58,040 Speaker 2: sometimes it creates a problem in the other part portions 456 00:26:58,080 --> 00:27:02,680 Speaker 2: of the economy. So, yes, the prices are going up, 457 00:27:02,840 --> 00:27:06,399 Speaker 2: but as even lying Jerry Powell said that if you 458 00:27:06,560 --> 00:27:09,680 Speaker 2: have a tariff that is added to a particular product, 459 00:27:10,160 --> 00:27:15,160 Speaker 2: that is a one off, one up process. That isn't 460 00:27:15,160 --> 00:27:18,400 Speaker 2: going to go up that amount next month, the following month, 461 00:27:18,440 --> 00:27:21,800 Speaker 2: the following month, whatever that price is is that same 462 00:27:21,840 --> 00:27:25,000 Speaker 2: price the following month. So there should be no increase 463 00:27:25,280 --> 00:27:28,320 Speaker 2: in terms of that. It's not like you're talking about crops. 464 00:27:28,480 --> 00:27:31,280 Speaker 2: It's not like you're talking about a situation where like 465 00:27:31,359 --> 00:27:34,600 Speaker 2: with coffee prices, where you have droughts in certain areas 466 00:27:34,960 --> 00:27:39,879 Speaker 2: and less less yield in terms of those crops, and 467 00:27:39,920 --> 00:27:43,520 Speaker 2: so if you've got less supply and high demand, you're 468 00:27:43,520 --> 00:27:46,760 Speaker 2: going to have higher prices. Just like in the beef industry, 469 00:27:47,040 --> 00:27:49,480 Speaker 2: you have drought conditions in the West, you have less 470 00:27:49,520 --> 00:27:55,040 Speaker 2: pasture for these cows to graze, and so the producers 471 00:27:55,320 --> 00:27:57,200 Speaker 2: they say, well, we're gonna have to now buy feed. 472 00:27:57,440 --> 00:28:01,000 Speaker 2: We're gonna have to buy supplements in order to feed 473 00:28:01,000 --> 00:28:04,280 Speaker 2: the cattle because they're not out there grazing there's because 474 00:28:04,320 --> 00:28:07,320 Speaker 2: of drought situations. So that adds to their cost. And 475 00:28:07,320 --> 00:28:09,520 Speaker 2: when that adds to their cost, then that adds to 476 00:28:09,560 --> 00:28:12,040 Speaker 2: the cost of the beef. Well, if they stop producing 477 00:28:12,080 --> 00:28:14,720 Speaker 2: that beef or allow their herds to thin so that 478 00:28:14,760 --> 00:28:18,879 Speaker 2: they can afford the process, then that beef has to 479 00:28:18,960 --> 00:28:22,080 Speaker 2: be imported. That increases costs and those prices go up. 480 00:28:22,280 --> 00:28:26,959 Speaker 2: So those prices would fluctuate based on the availability of supply, 481 00:28:27,160 --> 00:28:30,000 Speaker 2: demand and so on, which is kind of erratic depending 482 00:28:30,080 --> 00:28:32,959 Speaker 2: upon nature and what's going on. But where you have 483 00:28:33,040 --> 00:28:38,840 Speaker 2: a particular item like metal steel being manufactured or something 484 00:28:39,440 --> 00:28:42,520 Speaker 2: car being manufactured, if all the price is going into 485 00:28:42,560 --> 00:28:45,920 Speaker 2: that stay the same. If the labor prices of the 486 00:28:45,960 --> 00:28:49,160 Speaker 2: electricity all that stuff to run the factory, and if 487 00:28:49,200 --> 00:28:52,320 Speaker 2: the metal prices go up because of tariffs, that is 488 00:28:52,640 --> 00:28:55,560 Speaker 2: one item that's built in there, that amount is going 489 00:28:55,600 --> 00:28:58,320 Speaker 2: to be there the same next month, the month after that. 490 00:28:58,640 --> 00:29:01,320 Speaker 2: So that car price, if it goes up or whatever, 491 00:29:01,320 --> 00:29:04,240 Speaker 2: that piece of equipment that is being manufactured it goes 492 00:29:04,320 --> 00:29:06,840 Speaker 2: up that one month, it should be the same. So 493 00:29:07,000 --> 00:29:10,080 Speaker 2: if those prices go up, look at the labor end 494 00:29:10,120 --> 00:29:13,120 Speaker 2: of it. I've been pointing out on this program numerous times, 495 00:29:13,280 --> 00:29:15,959 Speaker 2: and I think people are starting to catch on because 496 00:29:16,000 --> 00:29:18,520 Speaker 2: when you look at where some of the inflation is 497 00:29:18,560 --> 00:29:22,320 Speaker 2: in the services end industry, which is not related to tariffs, 498 00:29:22,440 --> 00:29:24,640 Speaker 2: that it has to do with salary and wages. When 499 00:29:24,640 --> 00:29:27,440 Speaker 2: you look at the contracts, and again I'd not be 500 00:29:27,520 --> 00:29:31,400 Speaker 2: grudging anybody making a fair wage and as I pointed 501 00:29:31,400 --> 00:29:34,480 Speaker 2: out several times, we've had some of these contracts that 502 00:29:34,800 --> 00:29:38,080 Speaker 2: came do right around the beginning of the plandemic, and 503 00:29:38,160 --> 00:29:41,560 Speaker 2: then when business is shut down, of course the negotiation stopped, 504 00:29:41,760 --> 00:29:44,000 Speaker 2: and so you had that year year and a half 505 00:29:44,120 --> 00:29:47,520 Speaker 2: or so where whoever was working in that industry was 506 00:29:47,560 --> 00:29:51,240 Speaker 2: working under the old contract. Once they came out of 507 00:29:51,240 --> 00:29:55,320 Speaker 2: the plandemic and businesses started ramping back up, then we 508 00:29:55,400 --> 00:29:58,200 Speaker 2: started having problems with supply chains, so some of these 509 00:29:58,280 --> 00:30:01,600 Speaker 2: negotiations got put off. So instead of a contract being 510 00:30:01,640 --> 00:30:06,280 Speaker 2: negotiated in twenty nineteen, it wasn't until twenty twenty one 511 00:30:06,560 --> 00:30:09,800 Speaker 2: or twenty twenty two when that contract came up. And 512 00:30:09,840 --> 00:30:13,560 Speaker 2: so you have your employers or your union members or 513 00:30:13,600 --> 00:30:16,320 Speaker 2: whoever that hadn't gotten a pay raise or a pay 514 00:30:16,360 --> 00:30:19,600 Speaker 2: increase over that three four year period of time, and 515 00:30:19,680 --> 00:30:22,800 Speaker 2: so when the contract negotiations came up, they got some 516 00:30:22,880 --> 00:30:25,640 Speaker 2: of back pay and then some going forward. But again, 517 00:30:26,120 --> 00:30:29,640 Speaker 2: when those prices go into effect, that's going to affect 518 00:30:29,640 --> 00:30:32,880 Speaker 2: the prices, that's going to add to inflation. And if 519 00:30:32,880 --> 00:30:35,720 Speaker 2: the inflation is coming as a result of wages trying 520 00:30:35,720 --> 00:30:38,880 Speaker 2: to catch up again because you had out of control 521 00:30:39,000 --> 00:30:41,960 Speaker 2: inflation during the Biden years at the height of the 522 00:30:42,000 --> 00:30:45,800 Speaker 2: pan pandemic and then on into the supply chain issues, 523 00:30:46,160 --> 00:30:50,200 Speaker 2: then those employees were behind. And let's face it, looking 524 00:30:50,240 --> 00:30:53,880 Speaker 2: back on the Biden administration, there were estimates of anywhere 525 00:30:53,880 --> 00:30:58,480 Speaker 2: from twenty five hundred to twenty to thirty five hundred 526 00:30:59,040 --> 00:31:03,640 Speaker 2: dollars in inflation costs to the average family as a 527 00:31:03,680 --> 00:31:06,600 Speaker 2: result of the inflation during the Biden years. So if 528 00:31:06,640 --> 00:31:09,840 Speaker 2: that's a thirty five hundred dollars hit to your income, 529 00:31:10,160 --> 00:31:13,240 Speaker 2: you are actually losing money. And so in order to 530 00:31:13,240 --> 00:31:15,640 Speaker 2: make that up, you have to catch your wages up 531 00:31:16,240 --> 00:31:20,000 Speaker 2: to cover that expense. Our wages now are above the 532 00:31:20,000 --> 00:31:23,600 Speaker 2: inflation rate and are running higher than the inflation, so 533 00:31:23,880 --> 00:31:27,120 Speaker 2: that is going to in and itself add to inflation. 534 00:31:27,280 --> 00:31:30,560 Speaker 2: So let's not and I get irritated when they start 535 00:31:30,600 --> 00:31:33,920 Speaker 2: blaming everything on terraffs as opposed to looking at all 536 00:31:34,000 --> 00:31:36,960 Speaker 2: the components. Some of these things that go up have 537 00:31:37,120 --> 00:31:40,480 Speaker 2: nothing to do with terrafts, such as wages. Be honest 538 00:31:40,520 --> 00:31:43,480 Speaker 2: about it and just say that these people are getting 539 00:31:43,480 --> 00:31:46,080 Speaker 2: what they deserve and then these prices are going to 540 00:31:46,120 --> 00:31:49,280 Speaker 2: go up. But again, when they keep talking about these 541 00:31:49,320 --> 00:31:52,520 Speaker 2: input prices, I'd love for them to talk about that 542 00:31:52,840 --> 00:31:59,200 Speaker 2: and talk about just exactly what these price increases are 543 00:31:59,240 --> 00:32:02,240 Speaker 2: related to. Coming up, we'll talking about a little bit 544 00:32:02,240 --> 00:32:05,080 Speaker 2: of oil and gas, but this is manufacturing and what's 545 00:32:05,120 --> 00:32:07,920 Speaker 2: going on in that area. I'm Kevin Gordon, America Strucking 546 00:32:07,960 --> 00:32:10,920 Speaker 2: Network seven hundred WLW. 547 00:32:11,680 --> 00:32:17,840 Speaker 1: News Radio seven hundred WLW and iHeartRadio Station Guarantee Human 548 00:32:18,280 --> 00:32:19,959 Speaker 1: seven hundred WLW. 549 00:32:20,200 --> 00:32:21,640 Speaker 3: HI Heard Radio. 550 00:32:22,160 --> 00:32:25,320 Speaker 5: You're one stop for advertising called eight four four eight 551 00:32:25,360 --> 00:32:26,520 Speaker 5: four four iHeart. 552 00:32:26,720 --> 00:32:30,080 Speaker 3: Hey, it's Eddie here for pg LW I and Kevin Gordon. 553 00:32:30,600 --> 00:32:32,840 Speaker 2: I'll take a little bit oil on gas prices because 554 00:32:33,320 --> 00:32:38,560 Speaker 2: you know, obviously with the Operation Epic Fury, that is, 555 00:32:40,720 --> 00:32:45,520 Speaker 2: there isn't really any indication that what they had expected 556 00:32:46,400 --> 00:32:48,520 Speaker 2: is any different than what is happening. 557 00:32:49,800 --> 00:32:51,960 Speaker 3: Maybe a little bit as far as what. 558 00:32:52,080 --> 00:32:59,080 Speaker 2: Is happening in northern Israel with Hesbelah and the Libby 559 00:32:59,240 --> 00:33:04,040 Speaker 2: or the eleven border up there, because with the attack 560 00:33:04,240 --> 00:33:08,840 Speaker 2: on Iran, all of a sudden, some of these surrogates 561 00:33:08,960 --> 00:33:13,560 Speaker 2: or these other organizations like Hamas, Hezbollah and the Hutis 562 00:33:13,880 --> 00:33:17,600 Speaker 2: that had been supported by Iran. I guess their last 563 00:33:17,760 --> 00:33:23,320 Speaker 2: gasp of acting out or trying to disrupt is taking place, 564 00:33:23,840 --> 00:33:28,000 Speaker 2: and they're acting as though. As far as what I'm reading, 565 00:33:29,200 --> 00:33:34,440 Speaker 2: it's interesting from the standpoint that you almost expect that 566 00:33:34,720 --> 00:33:42,920 Speaker 2: a ally or a terrorist organization supported by Iran is 567 00:33:43,000 --> 00:33:46,920 Speaker 2: going to disrupt things or try to disrupt things when 568 00:33:47,280 --> 00:33:51,640 Speaker 2: the person or the country that is supplying them their AMMO, 569 00:33:52,000 --> 00:33:57,560 Speaker 2: their ammunition, weapons and paying for their organization, when it 570 00:33:57,640 --> 00:34:00,720 Speaker 2: appears as though that's cutting off, of course, they're going 571 00:34:00,760 --> 00:34:04,280 Speaker 2: to create problems. So I believe that was expected. What 572 00:34:04,400 --> 00:34:08,520 Speaker 2: has not been expected or actually why they didn't expect 573 00:34:08,520 --> 00:34:12,239 Speaker 2: it because Iran has always been claiming that if we 574 00:34:12,400 --> 00:34:17,440 Speaker 2: are attacked, we are going to lash out to our neighbors, 575 00:34:17,920 --> 00:34:21,640 Speaker 2: which again doesn't really make a whole lot of sense. 576 00:34:21,719 --> 00:34:25,920 Speaker 2: But again if you look at the Iranian leaders, they 577 00:34:25,920 --> 00:34:28,520 Speaker 2: don't make a whole lot of sense. In the first place. 578 00:34:29,680 --> 00:34:34,319 Speaker 2: You have members of OPEK, you have Iran Iraq, you 579 00:34:34,400 --> 00:34:40,280 Speaker 2: have Saudi Arabia, United Arab Emirates, Bahrain, all the Cutter Kuwait, 580 00:34:40,680 --> 00:34:44,000 Speaker 2: all these different countries that are part of this organization, 581 00:34:44,640 --> 00:34:47,839 Speaker 2: and it's an organization put together in order to try 582 00:34:47,880 --> 00:34:51,239 Speaker 2: to control so that you know, try to control the 583 00:34:51,280 --> 00:34:54,000 Speaker 2: oil flow so that they can keep the price in 584 00:34:54,080 --> 00:34:57,719 Speaker 2: a certain level where everybody can make some money. As 585 00:34:57,760 --> 00:35:02,080 Speaker 2: a result of that, you've got Iran that forever has 586 00:35:02,160 --> 00:35:07,040 Speaker 2: been as Phil pointed. Phil Flynn pointed out yesterday our 587 00:35:07,200 --> 00:35:12,520 Speaker 2: friend Phil Flynn, Price Futures Group senior analysts, that they 588 00:35:12,560 --> 00:35:15,480 Speaker 2: have been creating problems in the Middle East for a 589 00:35:15,520 --> 00:35:18,759 Speaker 2: long period of time, and it seems when things go 590 00:35:18,840 --> 00:35:21,560 Speaker 2: on and even keel, they've got to try to disrupt things. 591 00:35:22,120 --> 00:35:24,960 Speaker 2: And even though they're a member of the organization and 592 00:35:25,239 --> 00:35:28,080 Speaker 2: they don't necessarily like the other members, and the other 593 00:35:28,160 --> 00:35:32,200 Speaker 2: members don't like them, the big thing that brings them 594 00:35:32,200 --> 00:35:37,520 Speaker 2: together is, you know, the dollars or the profits from oil. 595 00:35:38,120 --> 00:35:40,879 Speaker 2: So they may not like each other, but they're still 596 00:35:40,920 --> 00:35:45,799 Speaker 2: part of the organization. And you would think that disliking 597 00:35:45,920 --> 00:35:50,759 Speaker 2: an organization or disliking another country would be tolerable if 598 00:35:50,800 --> 00:35:53,719 Speaker 2: you're trying to make sure that you're making as much 599 00:35:53,760 --> 00:35:57,560 Speaker 2: money off your oil. It doesn't make any sense that 600 00:35:57,760 --> 00:36:01,000 Speaker 2: if you are attacked because you have been and creating 601 00:36:01,360 --> 00:36:06,840 Speaker 2: terrorist threats and terrorism with a different country outside of OPEK, 602 00:36:07,200 --> 00:36:10,080 Speaker 2: and now you're being attacked, that you would attack your 603 00:36:10,120 --> 00:36:15,520 Speaker 2: fellow members of OPEK. So not only have they under problem, 604 00:36:15,560 --> 00:36:18,760 Speaker 2: you know, they're being attacked by Israel and the United 605 00:36:18,800 --> 00:36:26,360 Speaker 2: States because of their continuing traction to developing and having 606 00:36:26,360 --> 00:36:30,640 Speaker 2: a nuclear weapon so that they can destroy Israel, which 607 00:36:31,080 --> 00:36:34,520 Speaker 2: isn't going to happen, but the fact that they keep 608 00:36:34,600 --> 00:36:38,880 Speaker 2: pursuing this and they're under attack now they're attacking their neighbors, 609 00:36:38,920 --> 00:36:41,520 Speaker 2: and their neighbors are saying, you know what, We've about 610 00:36:41,640 --> 00:36:44,240 Speaker 2: had it with you, and now we're going to jump 611 00:36:44,239 --> 00:36:48,040 Speaker 2: in on this fight and we're going to, you know, 612 00:36:48,200 --> 00:36:52,160 Speaker 2: make sure that you don't do this anymore. And with that, 613 00:36:52,760 --> 00:36:55,600 Speaker 2: you would think that that would be good news because 614 00:36:55,800 --> 00:37:00,239 Speaker 2: now instead of it just being I ran against the 615 00:37:00,360 --> 00:37:05,000 Speaker 2: United States and Israel, now even their Arab neighbors are saying, 616 00:37:05,320 --> 00:37:08,480 Speaker 2: you guys have gone way too far. You guys, aren't 617 00:37:08,600 --> 00:37:11,920 Speaker 2: you know, you're creating problems where there shouldn't be problems, 618 00:37:12,280 --> 00:37:16,279 Speaker 2: and it's about time that that gets eliminated. So as 619 00:37:16,320 --> 00:37:19,960 Speaker 2: we talked about yesterday with Phil Flynn, that it's almost 620 00:37:20,040 --> 00:37:24,720 Speaker 2: like they don't want to say, you know, particularly out loud, 621 00:37:25,120 --> 00:37:28,279 Speaker 2: that they would they're they're welcoming this, but now that 622 00:37:28,360 --> 00:37:31,440 Speaker 2: they're being attacked, they don't have to worry about that anymore. 623 00:37:31,920 --> 00:37:35,960 Speaker 2: And the fact that these countries are getting attacked. That 624 00:37:36,160 --> 00:37:38,600 Speaker 2: will affect and what we're seeing as far as oil 625 00:37:38,640 --> 00:37:42,440 Speaker 2: prices are concerned, that is disrupting the flow of oil 626 00:37:42,680 --> 00:37:46,080 Speaker 2: and maybe the protection of these oil fields because when 627 00:37:46,120 --> 00:37:49,319 Speaker 2: Iran is firing off these missiles, they don't have the 628 00:37:49,400 --> 00:37:51,520 Speaker 2: guidance with them and they just fire them off. 629 00:37:51,600 --> 00:37:52,919 Speaker 3: They don't know where they're going to land. 630 00:37:53,200 --> 00:37:54,839 Speaker 2: And as a matter of fact, there's been a couple 631 00:37:54,880 --> 00:37:57,919 Speaker 2: of instances where those rockets that have been fired, those 632 00:37:57,960 --> 00:38:00,839 Speaker 2: missiles that have been fired have fallen on their own 633 00:38:00,920 --> 00:38:04,120 Speaker 2: military basis. In fact, one of them actually hit their 634 00:38:04,160 --> 00:38:09,400 Speaker 2: own tanker and sunk it. So they're not very accurate. 635 00:38:09,520 --> 00:38:11,640 Speaker 2: But when it's not accurate, you don't know where they're 636 00:38:11,640 --> 00:38:15,239 Speaker 2: going to land. And so if you're doing production or 637 00:38:15,239 --> 00:38:18,040 Speaker 2: if you're doing drilling in certain areas, you may have 638 00:38:18,120 --> 00:38:21,439 Speaker 2: to cease that because if that area gets hit by 639 00:38:21,440 --> 00:38:24,120 Speaker 2: some of these rockets, that isn't going to happen. So 640 00:38:24,400 --> 00:38:27,560 Speaker 2: they're depending right now a little bit on whatever strategic 641 00:38:27,680 --> 00:38:32,239 Speaker 2: reserves they have because there's a production is down, but 642 00:38:33,160 --> 00:38:36,560 Speaker 2: I don't believe that, and what we're seeing it doesn't 643 00:38:36,560 --> 00:38:38,520 Speaker 2: appear that that is going to be done for a 644 00:38:38,560 --> 00:38:41,920 Speaker 2: long period of time. You know, we're not talking we're 645 00:38:41,960 --> 00:38:45,439 Speaker 2: talking about maybe a few weeks, not months. But looking 646 00:38:45,480 --> 00:38:48,200 Speaker 2: at oil prices, first of all, it's take a look 647 00:38:48,239 --> 00:38:51,880 Speaker 2: at those oil prices. West Texas intermediate crude currently is 648 00:38:51,880 --> 00:38:54,799 Speaker 2: at seventy one dollars three cents a barrel. That is 649 00:38:54,960 --> 00:38:58,440 Speaker 2: up four dollars from yesterday, or five almost six percent. 650 00:38:58,840 --> 00:39:03,160 Speaker 2: Brent crude currently is it's seventy seven fifty two. That 651 00:39:03,320 --> 00:39:06,560 Speaker 2: is upfit four dollars and sixty five cents or six 652 00:39:06,600 --> 00:39:10,279 Speaker 2: point three eight Now, just with those increases over the 653 00:39:10,320 --> 00:39:15,440 Speaker 2: last few days, West Texas intermediate crud is still almost 654 00:39:15,680 --> 00:39:18,760 Speaker 2: six dollars a barrel less than it was when Trump 655 00:39:18,800 --> 00:39:22,560 Speaker 2: took office last year. As far as Brent crude is concerned, 656 00:39:22,840 --> 00:39:25,800 Speaker 2: it is up only two dollars and thirty eight cents 657 00:39:25,840 --> 00:39:28,600 Speaker 2: from where it was when Trump took office. So this 658 00:39:28,719 --> 00:39:34,000 Speaker 2: big spike increase in oil is not a lot of 659 00:39:34,040 --> 00:39:37,040 Speaker 2: people were saying we're looking at maybe one hundred dollars 660 00:39:37,040 --> 00:39:40,560 Speaker 2: a barrel oil. Phil Flynn when we talked to him yesterday, 661 00:39:40,800 --> 00:39:43,560 Speaker 2: he doesn't expect it to go up more than even 662 00:39:43,680 --> 00:39:47,080 Speaker 2: maybe even approaching ninety dollars a barrel. So that's a 663 00:39:47,080 --> 00:39:51,240 Speaker 2: good sign there, But I guess we'll see how that happens. 664 00:39:51,520 --> 00:39:54,280 Speaker 2: But taking a look at what's going on now, of course, 665 00:39:54,320 --> 00:39:57,520 Speaker 2: gas prices have gone up a little bit. Also, gas 666 00:39:57,520 --> 00:40:02,839 Speaker 2: prices nationwide average is current currently now at just had 667 00:40:02,880 --> 00:40:06,760 Speaker 2: that it's a little over three dollars a gallon. 668 00:40:07,960 --> 00:40:09,560 Speaker 3: Where is that? Oh? There? It is. 669 00:40:11,600 --> 00:40:15,120 Speaker 2: National average for gasoline right now nationwide is three dollars 670 00:40:15,160 --> 00:40:18,400 Speaker 2: and eleven cents a gallon, whereas yesterday it was around 671 00:40:18,400 --> 00:40:21,160 Speaker 2: two dollars and ninety nine cents. Actually right around three 672 00:40:21,200 --> 00:40:25,880 Speaker 2: dollars a gallon. But that is because of the oil prices, 673 00:40:25,960 --> 00:40:29,080 Speaker 2: and that hasn't gone up as nearly as much as 674 00:40:29,160 --> 00:40:32,480 Speaker 2: I think a lot of people had anticipated. But what's 675 00:40:32,520 --> 00:40:36,400 Speaker 2: going on in those oil markets? What is currently happening? 676 00:40:36,800 --> 00:40:41,359 Speaker 2: Oil prices rise six percent to its highest level since 677 00:40:41,360 --> 00:40:45,520 Speaker 2: twenty twenty four, according to Reuter's US let me see, 678 00:40:45,560 --> 00:40:48,200 Speaker 2: oil prices soared about six percent of their highest level 679 00:40:48,239 --> 00:40:51,920 Speaker 2: since twenty twenty four on Tuesday, rising for a third session. 680 00:40:52,320 --> 00:40:56,160 Speaker 2: As he is, a US Israel war against Iran widened, 681 00:40:56,239 --> 00:41:00,839 Speaker 2: disrupting energy shipments from the Middle East and stoking of 682 00:41:00,880 --> 00:41:05,960 Speaker 2: a prolonged conflict. Not quite sure that those are well founded, 683 00:41:06,000 --> 00:41:09,920 Speaker 2: because at some point in time, Iran is going to 684 00:41:09,960 --> 00:41:13,520 Speaker 2: be hit and keep hitting because their rocket launchers, their 685 00:41:13,640 --> 00:41:17,040 Speaker 2: missile size, the areas where they're doing their launching pads 686 00:41:17,200 --> 00:41:20,239 Speaker 2: are being eliminated, and so if that is eliminated, they're 687 00:41:20,280 --> 00:41:22,839 Speaker 2: going to be firing less and less rockets. The war 688 00:41:22,920 --> 00:41:26,080 Speaker 2: has ride in Iraq, number two crude oil producer for 689 00:41:26,440 --> 00:41:31,520 Speaker 2: Organization petroleum exporting countries behind Saudi Arabia, has cut production 690 00:41:31,880 --> 00:41:35,359 Speaker 2: by nearly one point five million barrels a day, and 691 00:41:35,400 --> 00:41:38,560 Speaker 2: its cuts could more than double within days as the 692 00:41:38,560 --> 00:41:42,280 Speaker 2: country runs out of storage space for crude it cannot 693 00:41:42,400 --> 00:41:46,960 Speaker 2: export due to the crisis rams retail. According to Standard 694 00:41:47,200 --> 00:41:52,240 Speaker 2: Chartered Bank in their statement, Iran's retaliation has been broader 695 00:41:52,280 --> 00:41:56,560 Speaker 2: and more than more and previously more than mostly symbolic measures, 696 00:41:57,000 --> 00:42:01,000 Speaker 2: and its approach has resulted in several regional flash points, 697 00:42:01,239 --> 00:42:05,719 Speaker 2: posing a real risk to supply. Now in other areas 698 00:42:06,080 --> 00:42:11,440 Speaker 2: they're talking about how avoiding that Red Sea will be 699 00:42:11,560 --> 00:42:16,080 Speaker 2: adding about ten to fourteen days on shipments coming out 700 00:42:16,120 --> 00:42:18,960 Speaker 2: of the oil areas there, coming around that west coast 701 00:42:18,960 --> 00:42:22,000 Speaker 2: of Africa, around the Cape of Good Hope and then 702 00:42:22,080 --> 00:42:24,960 Speaker 2: on into the Indian Ocean. That this will create some 703 00:42:25,080 --> 00:42:29,440 Speaker 2: disruptions that way. Also, as Phil pointed out yesterday, a 704 00:42:29,440 --> 00:42:32,200 Speaker 2: lot of these increases that we're seeing in oil prices 705 00:42:32,520 --> 00:42:36,120 Speaker 2: has to do with the shipping costs because the insurance 706 00:42:36,200 --> 00:42:39,680 Speaker 2: rates on these tankers is up as a result of 707 00:42:39,680 --> 00:42:44,319 Speaker 2: what's going on. So continue to monitor the situation. We'll 708 00:42:44,320 --> 00:42:46,960 Speaker 2: talk a little bit about it tomorrow. But we're up 709 00:42:47,000 --> 00:42:49,359 Speaker 2: against clock here, folks. Time for us to scoot out 710 00:42:49,360 --> 00:42:51,919 Speaker 2: the door. Stay tuned for ATI Radio Top the hour. 711 00:42:52,280 --> 00:42:57,160 Speaker 2: I'm Kevin Gordon, America's struck A Network seven hundred WLW