WEBVTT - The Morning Show w/ Thom Brennman -- 12/16/25 0:00:00.160 --> 0:00:00.520 Yak. 0:00:00.560 --> 0:00:03.239 We say good morning once more to Erica hurst Kowitz 0:00:03.440 --> 0:00:06.600 from the Bloomberg Newsroom in New York City. Erica, good morning. 0:00:06.680 --> 0:00:10.960 A win for car makers overseas, car Mas, Yes, Tom. 0:00:11.000 --> 0:00:14.600 The European Union set to propose softening emission rules for 0:00:14.720 --> 0:00:18.880 new cars, scrapping an effective ban on combustion engines, following 0:00:18.960 --> 0:00:22.160 months of pressure from the automotive industry. The proposal will 0:00:22.160 --> 0:00:25.119 allow carmakers to slow down the rollout of electric vehicles 0:00:25.120 --> 0:00:28.040 in Europe and will lower the requirements that would have 0:00:28.120 --> 0:00:31.600 halted sales of new gasoline and diesel fueled cars starting 0:00:31.600 --> 0:00:32.560 in twenty thirty five. 0:00:33.280 --> 0:00:36.280 All right, Meanwhile, while most people would like to work 0:00:36.320 --> 0:00:39.160 a little bit less, I think everybody could probably agree 0:00:39.240 --> 0:00:42.880 on that, if agree on very little. The Nasdaq wants 0:00:42.920 --> 0:00:45.480 more hours out there, Yeah, Tom. 0:00:45.520 --> 0:00:49.159 The nasticks looking for regulatory approval to extend trading hours 0:00:49.159 --> 0:00:51.919 on its stock venues to twenty three hours during the 0:00:51.920 --> 0:00:52.440 work week. 0:00:52.520 --> 0:00:52.600 Well. 0:00:52.600 --> 0:00:55.040 According to the filing, the firm is asking the SEC 0:00:55.160 --> 0:00:58.080 for permission to add an additional trading session from nine 0:00:58.120 --> 0:01:01.560 pm to four am Eastern. The Nasdaq expects to be 0:01:01.640 --> 0:01:04.319 ready for extended trading early in the third quarter. Of 0:01:04.319 --> 0:01:07.880 twenty twenty six, pending regulatory approval and alignment with the 0:01:07.920 --> 0:01:08.920 rest of the industry. 0:01:09.000 --> 0:01:10.920 Alrighty at our futures this morning. 0:01:10.720 --> 0:01:14.639 Erica, We're gonna get those November jobs that November jobs 0:01:14.680 --> 0:01:17.320 report before the bell. Tom Market futures right now, pointing 0:01:17.319 --> 0:01:19.759 to a lower open down futures down thirty one points, 0:01:19.840 --> 0:01:24.040 NASTAK futures down forty two, SMP futures down six from Bloomberg. 0:01:24.160 --> 0:01:27.000 Erica Herschelwitz on news radio seven hundred WLW. 0:01:28.520 --> 0:01:32.080 All right, it's a ten straight up on your Tuesday morning, 0:01:32.160 --> 0:01:36.040 December the sixteenth year of our Lord, twenty and twenty five. 0:01:37.720 --> 0:01:41.160 And coming up here in a minute, Senator Ran Paul 0:01:41.360 --> 0:01:44.119 from the Commonwealth of Kentucky. In fact, he is here 0:01:44.319 --> 0:01:47.640 right now. Senator Paul, Good morning. I hope all's well 0:01:47.640 --> 0:01:50.800 with you this holiday season, sir, good. 0:01:50.640 --> 0:01:52.320 Good morning, Tom. Thanks for having me. 0:01:52.400 --> 0:01:56.000 Absolutely Hey, I want to get into look, before we 0:01:56.040 --> 0:01:59.440 get into this healthcare bill that you have proposed, a 0:02:00.000 --> 0:02:02.600 couple of questions that I think try to break it 0:02:02.640 --> 0:02:05.920 down to one oh one level. The first question I have, 0:02:06.040 --> 0:02:08.359 and there, of course, the government shut down primarily on 0:02:08.400 --> 0:02:14.040 the Democrat side, centered around healthcare Obamacare, subsidies, et cetera, 0:02:14.200 --> 0:02:18.760 et cetera, is the healthcare business, and you are a 0:02:19.000 --> 0:02:23.960 medical doctor. As everyone probably knows, is this thing almost 0:02:24.080 --> 0:02:28.160 too big to fail? Senator, that it's gotten so big 0:02:28.200 --> 0:02:31.120 that we don't have the stomach to try and overhaul it. 0:02:31.200 --> 0:02:33.600 Because one of my best friends is a doctor, goes 0:02:33.680 --> 0:02:35.760 right down the street from me, and he tells me, 0:02:35.840 --> 0:02:37.720 this whole thing is an absolute mess. 0:02:39.400 --> 0:02:42.079 It's certainly broken, and I think we have to examine 0:02:42.120 --> 0:02:44.640 why it's broken. So we have to examine what works 0:02:44.680 --> 0:02:48.360 in our country, what doesn't work most everything. Capitalism keeps 0:02:48.400 --> 0:02:52.440 prices down, Competition works. The two areas that competition and 0:02:52.480 --> 0:02:55.520 capitalism don't seem to be working well in our health 0:02:55.520 --> 0:02:58.320 care and education. But what they have in common is 0:02:58.320 --> 0:03:02.440 that government subsidizes. And so when you subsidize something, basically 0:03:02.480 --> 0:03:05.160 you increase the demand and you raise the price for that. 0:03:05.600 --> 0:03:07.960 So as we've tried to give people money for help insurance, 0:03:08.000 --> 0:03:10.239 the price just keeps rising higher and higher. The more 0:03:10.240 --> 0:03:13.440 we give people, the more it rises. The second thing 0:03:13.480 --> 0:03:16.160 we have to decide is as a society, or we're 0:03:16.160 --> 0:03:18.000 going to take care of the poor among us who 0:03:18.040 --> 0:03:20.280 can't get help insurance. Well, I think we've decided to 0:03:20.320 --> 0:03:22.880 do that. But then the next question is is someone 0:03:22.919 --> 0:03:25.360 making one hundred thousand dollars a year poor or is 0:03:25.360 --> 0:03:28.280 someone making two hundred thousand dollars a year poor. So, 0:03:28.440 --> 0:03:31.480 under the Obamacare subsidies, if you make one hundred thousand 0:03:31.480 --> 0:03:35.080 dollars a year, you get thirteen thousand dollars in subsidies. Well, 0:03:35.200 --> 0:03:37.320 most people I know think making one hundred thousand dollars 0:03:37.320 --> 0:03:39.880 a year is not bad. Making two hundred thousand dollars 0:03:39.880 --> 0:03:41.880 a years is certainly not bad. And you still get 0:03:41.920 --> 0:03:44.920 about two thousand dollars at two hundred thousand. So we 0:03:45.040 --> 0:03:47.880 just have to assess whether that society is responsibility or not. 0:03:48.640 --> 0:03:51.200 And that is one question. The second question is how 0:03:51.240 --> 0:03:53.960 do you get prices down? Instead of just giving people 0:03:54.000 --> 0:03:56.040 money which bids the prices up, how do you bid 0:03:56.040 --> 0:03:58.240 the prices down? And I think what you have to 0:03:58.240 --> 0:04:01.120 do is allow people to bid together as a collective 0:04:01.240 --> 0:04:03.920 or as a co op. So my bill would allow 0:04:04.040 --> 0:04:07.880 people to get together and buy their insurance, like to 0:04:08.520 --> 0:04:11.720 a costco or a Sam's Club or an Amazon. So 0:04:11.800 --> 0:04:14.240 let's say you had a couple million people that bought 0:04:14.240 --> 0:04:17.440 their insurance on Amazon. What would happen is one person 0:04:17.440 --> 0:04:20.520 at Amazon would negotiate a group contract for all a 0:04:20.520 --> 0:04:23.279 couple of million people. They would then be the largest 0:04:23.320 --> 0:04:26.480 business entity in the country negotiating for insurance. They would 0:04:26.480 --> 0:04:29.080 have the most leverage and they would get better insurance 0:04:29.080 --> 0:04:31.920 than any big corporation would get in America. And then 0:04:31.960 --> 0:04:35.320 the hope is that that size would give them market 0:04:35.480 --> 0:04:39.719 power visa the insurance company, because the insurance companies, you know, 0:04:39.839 --> 0:04:43.120 are enormous. And if you're an accountant with two employees 0:04:43.160 --> 0:04:45.480 and you go buy insurance, it's take you to leave it. 0:04:45.960 --> 0:04:48.000 But if you've got it through Amazon and they had 0:04:48.000 --> 0:04:51.360 one person or through cost Cover, Sam's Club, one person 0:04:51.400 --> 0:04:54.480 negotiating from millions would have probably the ability to sit 0:04:54.520 --> 0:04:57.640 down with the CEO of the company and really negotiate 0:04:58.040 --> 0:05:01.919 good prices. All this takes legalized. It didn't cost any money. 0:05:01.920 --> 0:05:04.559 That's why it's not real popular yet in Washington because 0:05:04.560 --> 0:05:07.479 it doesn't cost anything. Ex have to legalize it and 0:05:07.560 --> 0:05:08.159 let it happen. 0:05:08.680 --> 0:05:11.440 All right, you have introduced what is called the health 0:05:11.680 --> 0:05:16.719 marketplace and savings accounts for all act Now let's start 0:05:16.760 --> 0:05:19.839 with the primary you know, backbone of this has to 0:05:19.880 --> 0:05:25.839 do with HSA's health savings accounts. For people who are wondering, 0:05:25.960 --> 0:05:30.280 you're speaking another language, what is a health savings account? 0:05:32.320 --> 0:05:35.000 Well, only about ten percent of people have insurance are 0:05:35.040 --> 0:05:37.599 eligible by the law. And so what you do is 0:05:37.600 --> 0:05:39.400 you save your money and you don't have to pay 0:05:39.440 --> 0:05:41.520 taxes on it. So if I put two thousand dollars 0:05:41.560 --> 0:05:44.440 in my health savings account, that's subtracted for my income, 0:05:44.480 --> 0:05:46.080 and I don't have to pay taxes on the two 0:05:46.080 --> 0:05:49.640 thousand nor when I spend it. And so you know, 0:05:49.680 --> 0:05:52.000 I have three kids. We had to put braces on 0:05:52.040 --> 0:05:53.479 all of them, but I got to pay for it 0:05:53.520 --> 0:05:55.800 with pre tax money. If you don't have a health 0:05:55.839 --> 0:05:59.000 savings account or any kind of medical savings account, you 0:05:59.080 --> 0:06:02.080 end up paying with after tax money, which is, you know, 0:06:02.160 --> 0:06:05.760 quite a burden. So my bill would say that would 0:06:05.839 --> 0:06:08.080 change the law once again, and would say anybody who 0:06:08.080 --> 0:06:10.400 wants to l savan's account and get it, they get 0:06:10.440 --> 0:06:12.599 your own money in it. But the thing is is 0:06:12.640 --> 0:06:15.960 that if you're a wise saveror then you save your money, 0:06:15.960 --> 0:06:17.760 and particularly if you save your money and you don't 0:06:17.760 --> 0:06:21.120 get sick. Let's say you're twenty years old and you 0:06:21.120 --> 0:06:23.800 get a two thousand dollars deductible and you don't get sick, well, 0:06:23.839 --> 0:06:26.280 you put two thousand dollars away. Then the next year 0:06:26.279 --> 0:06:28.520 maybe you get a four thousand dollar deductible. You don't 0:06:28.520 --> 0:06:30.839 get sick again, then maybe you get a six thousand. 0:06:30.960 --> 0:06:33.839 So if you're a wise saver and you don't get sick, 0:06:34.160 --> 0:06:37.440 which really the insurance companies know this, ninety eight percent 0:06:37.480 --> 0:06:40.880 of people don't get sick, but they're all paying enormous 0:06:41.640 --> 0:06:45.680 amounts for insurance, not to insuran against illness, they're prepaying 0:06:45.720 --> 0:06:48.440 health care. And so if you actually went back to 0:06:48.440 --> 0:06:51.600 having an insurance model like term life insurance when you're 0:06:51.640 --> 0:06:53.880 twenty years old, for a five hundred bucks, you can 0:06:53.880 --> 0:06:56.560 get five hundred thousand, you know. So the thing is 0:06:56.680 --> 0:06:59.120 is what we need to do is make health insurance 0:06:59.240 --> 0:07:02.120 like term life insurance, where you're bearing more of the 0:07:02.160 --> 0:07:04.880 cost out of a savings account and then you get 0:07:04.920 --> 0:07:09.880 a relatively low premium with a higher deductible, and you 0:07:09.960 --> 0:07:12.200 try to get a higher deductible every year if you're healthy. 0:07:12.520 --> 0:07:14.920 And the vast majority of people are healthy. So there 0:07:14.920 --> 0:07:17.920 are ways we could fix this. But instead of going 0:07:17.960 --> 0:07:20.800 towards capitalism, most people in Washington, including May of the 0:07:20.840 --> 0:07:24.480 Republicans just want to give people money. I mean they 0:07:24.560 --> 0:07:27.480 want to give people money for their HSA. They also 0:07:27.480 --> 0:07:30.240 want to give money for these Trump children accounts. And 0:07:30.280 --> 0:07:33.280 it's like, where's the money coming from. We're two trillion 0:07:33.320 --> 0:07:35.880 dollars short, and even the Republicans are wanting to give 0:07:35.880 --> 0:07:38.120 you money, just in a different way than the Democrats do. 0:07:39.480 --> 0:07:41.160 What am I supposed to believe? 0:07:41.240 --> 0:07:45.360 I jump on any website here, Senator Paul and I 0:07:45.800 --> 0:07:49.280 read a report about Mike Johnson, the Speaker of the House, 0:07:49.320 --> 0:07:54.560 and about a Republican healthcare bill lowers Obamacare premiums by 0:07:54.600 --> 0:07:57.920 twelve percent, saving thirty billion. You've got Bill Cassidy going 0:07:57.960 --> 0:08:01.680 on new shows over the weekend saying a deal could 0:08:01.680 --> 0:08:04.760 be made on Obamacare subsidies by the end of the year. 0:08:05.120 --> 0:08:08.080 You've got your proposal out there in many ways, walking 0:08:08.120 --> 0:08:10.280 hand in hand with some of these things. At the 0:08:10.400 --> 0:08:13.600 end of the day, what gets done, does anything get done? 0:08:13.640 --> 0:08:14.760 And when does it get done? 0:08:17.040 --> 0:08:19.600 So there are two alternatives. The Democrats gout their way. 0:08:19.680 --> 0:08:22.680 You just get Obamacare, which means they keep giving you 0:08:22.720 --> 0:08:24.960 more and more money, but the premiums will keep going up, 0:08:25.360 --> 0:08:27.920 and the deductles go up, and really nothing gets better. 0:08:28.760 --> 0:08:32.360 The main Republican plan, Cassidy and others. They want to 0:08:32.360 --> 0:08:34.800 give you money also, but they want to give you 0:08:34.840 --> 0:08:37.640 and it's somebody else's money where it's printed money, but 0:08:37.679 --> 0:08:39.120 they want you to put that money in your health 0:08:39.120 --> 0:08:41.280 savings account. But they're still willing to give you money. 0:08:41.800 --> 0:08:44.160 And so I just am not for a new that. 0:08:44.320 --> 0:08:47.199 I'm for the marketplace. I'm trying to get capitalism do 0:08:47.320 --> 0:08:49.720 or the same way the price of your TV comes 0:08:49.760 --> 0:08:54.480 down looking MRIs sophisticated equipment, the wor computers and iPhones. 0:08:54.840 --> 0:08:57.199 You know is why do the price of computer conzones 0:08:57.240 --> 0:09:00.320 come down? Because there's a because capitalism works. So all 0:09:00.320 --> 0:09:02.400 you have to do is allow capitalism work. You have 0:09:02.440 --> 0:09:05.600 to believe in what made our country great, which is freedom, 0:09:05.720 --> 0:09:10.160 voluntary exchange, and let it work. Instead, everybody's like, oh well, 0:09:10.240 --> 0:09:13.280 le's maybe we've got insurance and so it'spensive. You know 0:09:13.440 --> 0:09:15.840 that cars are expensive. Why don't we give people money 0:09:15.880 --> 0:09:19.360 to buy cars. Let's have a a Trump Car account 0:09:19.400 --> 0:09:21.480 and give everybody money in it to buy a car. 0:09:22.040 --> 0:09:25.120 We don't have that money, and that feeds the problem. 0:09:25.240 --> 0:09:27.400 So if you're two trillion in the hole, and I 0:09:27.480 --> 0:09:30.000 give you money for your health savings account. Where did 0:09:30.000 --> 0:09:32.640 it come from? The FED prints it up and so 0:09:33.040 --> 0:09:35.199 once you get it, within about a year, it loses 0:09:35.280 --> 0:09:38.760 its value. And this is this whole affordability thing everybody's 0:09:38.800 --> 0:09:41.760 talking about. The reason things are less supportable is prices 0:09:41.760 --> 0:09:44.640 have gone up twenty five percent in the last five years, 0:09:45.280 --> 0:09:47.880 and if your wages didn't call up twenty five percent, 0:09:47.920 --> 0:09:52.120 you're being squeezed. That's the affordability squeeze right now. But 0:09:52.240 --> 0:09:55.840 it's due to promising people something for nothing. Hey, here's 0:09:55.880 --> 0:09:59.880 a free car, here's free education, here's here's subsidized healthcare. 0:10:00.160 --> 0:10:02.720 What sounds good on the service, but the end result 0:10:02.880 --> 0:10:07.080 is rising prices, reduced purchasing power, and people feel that 0:10:07.080 --> 0:10:08.040 they've been squeezed. 0:10:09.000 --> 0:10:10.920 I want to hit a couple of other topics before 0:10:10.920 --> 0:10:12.319 we let you get out of here. I know your 0:10:12.320 --> 0:10:15.199 time is tight. What are your thoughts about the direction 0:10:16.040 --> 0:10:20.559 that the administration is going about vaccines at this point? 0:10:20.600 --> 0:10:23.559 I mean, there's been a lot of talk. Redfield came 0:10:23.600 --> 0:10:26.960 out and talked about he thought that the Murner vaccine, 0:10:26.960 --> 0:10:31.400 among others, were bad. There's talk about this measles vaccine, 0:10:31.440 --> 0:10:34.680 all kinds of talk about vaccines. Some people, of course, 0:10:35.080 --> 0:10:37.400 want to run Robert F. Kennedy Junior out of town. 0:10:37.840 --> 0:10:41.120 You have been extremely thoughtful I think about this topic, 0:10:41.160 --> 0:10:44.000 although some may not agree with you. Where do you 0:10:44.080 --> 0:10:46.520 think all of this stands? Do you like the direction 0:10:46.600 --> 0:10:48.079 it's going in or not so much? 0:10:49.840 --> 0:10:53.760 I think all healthcare should be individualized, So each individual 0:10:54.600 --> 0:10:56.840 should make their decisions based on the risks and the 0:10:56.880 --> 0:11:00.800 benefits to them. Can depend on your age. When COVID 0:11:00.800 --> 0:11:03.520 came out, we found out that elderly people died and 0:11:03.559 --> 0:11:06.480 young people didn't, and so really you should have different 0:11:06.520 --> 0:11:08.520 policy based on them, and you should look at the 0:11:08.600 --> 0:11:12.040 risks and benefit and so I'm not anti vaccine. I'm 0:11:12.080 --> 0:11:15.319 for looking at each one individually. One of the extraordinary 0:11:15.320 --> 0:11:19.040 things that came out recently and discussing the hepatitis B vaccine, 0:11:19.320 --> 0:11:22.360 whether it should be forced on people on day one 0:11:22.440 --> 0:11:25.200 of birth, whether people can wait, is they said they 0:11:25.240 --> 0:11:28.160 were going to let the decision make and be individually based. 0:11:28.720 --> 0:11:31.480 And you heard this uproar from the establishment. I'm like, 0:11:31.880 --> 0:11:35.120 they're just saying they're restating what it always should have been, 0:11:35.160 --> 0:11:39.280 individually based. But so, for example, the COVID vaccine. What 0:11:39.320 --> 0:11:42.120 I would say is, this is in March of twenty twenty, 0:11:42.400 --> 0:11:45.600 when it was rip roaring and you were seeing people die, 0:11:45.760 --> 0:11:48.720 primarily people over seventy five, but some over sixty five, 0:11:49.080 --> 0:11:52.840 some overweight at fifty five, and so at that time, 0:11:53.040 --> 0:11:54.880 I think the better part of valor it looked like 0:11:54.920 --> 0:11:57.760 there's some evidence and probably still is true at that 0:11:57.800 --> 0:12:01.040 period of time produced hospitals that should in death didn't 0:12:01.040 --> 0:12:03.960 stop transmission. If you were older and at risk, probably 0:12:04.040 --> 0:12:06.680 take it. But if you were fifteen years old and 0:12:06.760 --> 0:12:09.600 there was also evidence that you could get an information 0:12:09.640 --> 0:12:12.000 of the heart, there have been some deaths described. I 0:12:12.040 --> 0:12:16.080 do believe they did happen. The risk didn't exceed the benefit. 0:12:16.120 --> 0:12:18.679 The risk actually exceeded the benefits, and a fifteen year 0:12:18.679 --> 0:12:20.720 old should have never been offered it. But this is 0:12:20.720 --> 0:12:26.280 where Anthony Fuci and the government planners that are in healthcare, 0:12:26.559 --> 0:12:29.240 they just want everybody to submit. Just do as you're told. 0:12:29.600 --> 0:12:32.600 It's to be too complicated. We let you think about 0:12:32.880 --> 0:12:35.440 whether it was good for you. Everybody should just be 0:12:35.480 --> 0:12:38.480 forced to submit. And that's why vaccine policy has been 0:12:38.520 --> 0:12:41.400 in our country. And I do think that Kennedy's done 0:12:41.400 --> 0:12:45.000 a good job and trying to make it more individualized. Look, 0:12:45.040 --> 0:12:47.680 the HEPTI vaccine, don't I'm not saying it's bad for 0:12:47.720 --> 0:12:49.679 your kid at all, but I'm saying if you want 0:12:49.679 --> 0:12:52.240 to wait a while, it might be up and ought 0:12:52.240 --> 0:12:54.520 to be up to you, and that the only medical 0:12:54.559 --> 0:12:56.760 reason to take it at birth is that the mom 0:12:56.800 --> 0:13:00.280 has epatitis B. And if you don't have hepatitis by test, 0:13:00.320 --> 0:13:01.959 all the moms in America. Now, when you've come to 0:13:02.040 --> 0:13:05.200 the hospital they ask you, there's no reason to take 0:13:05.240 --> 0:13:07.959 it now. They only moved the recommendation back in two months. 0:13:07.960 --> 0:13:10.560 I would have moved it back even further because the 0:13:10.600 --> 0:13:12.960 thing is, it wears off. If you vaccinate your kid 0:13:12.960 --> 0:13:15.640 for repetize to be at perth, it wears off. I'm 0:13:15.679 --> 0:13:18.280 there ten or twelve when they might be getting closer 0:13:18.280 --> 0:13:21.360 to an age where sex, drugs and rock and roll 0:13:21.480 --> 0:13:27.040 might influence their ability to get appetitis B. But there's 0:13:27.160 --> 0:13:29.760 so much of this is wrong just because the government 0:13:29.840 --> 0:13:34.160 mandates submission instead of thinking about individualizing the risk and benefit. 0:13:34.800 --> 0:13:36.679 Senator Paul I can't thank you enough for your time. 0:13:36.720 --> 0:13:38.959 As always, we love having you on the program. And 0:13:39.120 --> 0:13:41.120 if we don't talk to you before Christmas. I hope 0:13:41.120 --> 0:13:43.800 you and your family have a merry Christmas. 0:13:44.440 --> 0:13:46.320 Same to you guys, Merry Christmas. 0:13:45.880 --> 0:13:49.079 All right, thank you very much. A twenty two great 0:13:49.080 --> 0:13:51.319 to have Senator Paul. He is a regular on the program. 0:13:51.320 --> 0:13:54.720 We're fortunate to have him, and you know, I look, 0:13:55.360 --> 0:13:58.120 you may not agree with all his policies, but the 0:13:58.160 --> 0:14:02.040 guy is no nonsense. He thinks things through. He doesn't 0:14:02.080 --> 0:14:04.280 go along with the crowd, and that's on both sides. 0:14:04.800 --> 0:14:06.840 He doesn't go along with the crowd on the left, 0:14:07.040 --> 0:14:09.480 he doesn't always go around with the crowd on the right. 0:14:09.800 --> 0:14:12.960 He is an independent thinker and it's refreshing to have 0:14:13.080 --> 0:14:14.000 in Washington, DC. 0:14:14.679 --> 0:14:15.600 To pay attention. 0:14:16.480 --> 0:14:20.720 This is the Bloomberg money minute on seven hundred WLW. 0:14:21.440 --> 0:14:24.480 This is a Bloomberg money minute. Ford has struggled for 0:14:24.600 --> 0:14:27.840 years to make its electric vehicle business profitable. Now the 0:14:27.880 --> 0:14:30.600 automaker will take a nineteen and a half billion dollar 0:14:30.720 --> 0:14:33.920 hit tied to a sweeping overhaul of that business. As 0:14:34.000 --> 0:14:37.040 part of the strategic shift, the automaker is canceling a 0:14:37.080 --> 0:14:40.680 planned electric F series truck, shifting production toward gas and 0:14:40.720 --> 0:14:45.800 hybrid vehicles, and repurposing an EVY battery plant investors are 0:14:45.840 --> 0:14:47.800 getting a closer look at the health of the labor 0:14:47.840 --> 0:14:51.000 market as the government releases the jobs report for November 0:14:51.040 --> 0:14:54.120 this morning. The data was delayed due to the shutdown 0:14:54.160 --> 0:14:58.160 in Washington. Stock futures are edging lower, and a chip 0:14:58.200 --> 0:15:01.240 crunch is expected to curb smart phone output. Next year, 0:15:01.560 --> 0:15:05.000 global smartphone shipments may decline more than two percent as 0:15:05.000 --> 0:15:08.720 a shortage of memory chips drives up costs and squeezes production. 0:15:09.240 --> 0:15:13.720 That's according to industry tracker Counterpoint Research. Meantime, the average 0:15:13.760 --> 0:15:16.400 selling price for handsets is set to rise close to 0:15:16.480 --> 0:15:20.120 seven percent in twenty twenty six. Cortney's on a Hope 0:15:20.120 --> 0:15:25.200 Bloomberg Radio. 0:15:25.360 --> 0:15:27.400 All right, eight forty one on the morning show. You're 0:15:27.440 --> 0:15:31.640 on seven hundred WLW, the nation station, and she's known 0:15:31.760 --> 0:15:34.600 coast to coast. You're the Cincinnati yourself, but she's known 0:15:34.640 --> 0:15:37.640 in parts all over the globe. We have her every 0:15:37.640 --> 0:15:41.160 Tuesday to talk about what's good for you and me 0:15:41.880 --> 0:15:47.720 and maybe ways to handle especially this holiday season. Julius Fording, good. 0:15:47.520 --> 0:15:50.280 Morning, Good morning Tom. 0:15:50.280 --> 0:15:56.600 The constant battle and it is their non stop family gatherings. 0:15:56.760 --> 0:16:02.760 There is social pressure and it's all built around food. 0:16:03.080 --> 0:16:07.040 More times than not right? How much should I eat? 0:16:07.400 --> 0:16:12.240 Should I back off? I mean, it's non stop, even 0:16:12.280 --> 0:16:14.000 to the point I was thinking about this after you 0:16:14.040 --> 0:16:17.720 texted me yesterday. I noticed in our house. You know, 0:16:17.880 --> 0:16:20.800 people will drop off something at your front door, right, 0:16:21.200 --> 0:16:25.240 some kind of dessert for the holidays. And the next 0:16:25.240 --> 0:16:28.560 thing I know, I never eat dessert at night. And 0:16:28.600 --> 0:16:30.880 the next thing I know, I'm reaching in those bags 0:16:30.920 --> 0:16:32.280 every time I turn around. 0:16:32.600 --> 0:16:33.920 Can you help me say? 0:16:34.040 --> 0:16:39.720 No? It's called food noise, and it's in our lives 0:16:39.880 --> 0:16:41.520 every single day of our lives. 0:16:41.600 --> 0:16:42.080 Anyway. 0:16:42.240 --> 0:16:44.680 You know, it's like, oh should I have that? And 0:16:44.720 --> 0:16:47.080 you fit, well, how about if you you finish the 0:16:47.120 --> 0:16:51.000 meal and you're already thinking about your next meal, or 0:16:51.800 --> 0:16:54.240 you have this battle with well should I have that 0:16:54.360 --> 0:16:54.560 or not? 0:16:54.640 --> 0:16:56.960 Well, then I'll feel guilty. Well I'll be good tomorrow, 0:16:57.080 --> 0:16:57.800 I promise. 0:16:58.320 --> 0:17:02.600 But all that noise gets louder during the holidays because 0:17:02.680 --> 0:17:04.880 there is way more food around. 0:17:05.240 --> 0:17:05.760 Of course. 0:17:05.880 --> 0:17:08.639 Yeah, yeah, just like you said, they drop it off 0:17:09.359 --> 0:17:13.120 and you act as if this food you'll never see again. Oh, 0:17:13.240 --> 0:17:16.920 this only happens once a year. I better enjoy this now. 0:17:16.920 --> 0:17:20.040 I'll get back on track in January. Can you hear 0:17:20.240 --> 0:17:25.119 your mind just chattering about it. And then there's way 0:17:25.160 --> 0:17:31.320 more like emotions during the holidays. You've got old memories, 0:17:31.400 --> 0:17:35.200 you've got all the pressures of getting to parties, getting home, 0:17:35.440 --> 0:17:39.200 and you're not sleeping as well because you have more 0:17:39.240 --> 0:17:43.600 parties to go to and there's way more temptations. 0:17:42.800 --> 0:17:43.680 You have to fight. 0:17:44.080 --> 0:17:49.040 Yeah, so it gets exhausting. So it's life gets louder. 0:17:49.280 --> 0:17:50.760 Food, noise gets louder. 0:17:50.880 --> 0:17:54.399 Doesn't mean you're just human, it's just the way the 0:17:54.440 --> 0:17:58.520 brain works. And also you mentioned all the goodies, like, 0:17:58.680 --> 0:18:03.480 it's not it's not like the bad food is hanging around. 0:18:03.520 --> 0:18:06.080 It's not like someone delivered more carrots. 0:18:06.760 --> 0:18:07.520 No kidding. 0:18:07.600 --> 0:18:10.960 If they did, I would, I would, They would be 0:18:11.040 --> 0:18:12.600 out of my life forever. 0:18:14.119 --> 0:18:17.240 Right. They deliver those really good cookies that you only 0:18:17.280 --> 0:18:19.120 get once a year from Buskin Bakery. 0:18:19.200 --> 0:18:20.840 I'm with you. I love it. 0:18:20.880 --> 0:18:26.000 They're nostalgic. It's emotional. So what you have to do 0:18:26.560 --> 0:18:30.080 is the big question. And I think it's individual for everyone. 0:18:30.240 --> 0:18:35.280 But since routine disappears, you're going to more parties, you're around. 0:18:34.920 --> 0:18:37.480 More people, You've got the kids home. 0:18:37.640 --> 0:18:41.720 You've got so many family dynamics going on, you've. 0:18:41.520 --> 0:18:44.760 Got work, parties, You've got all that stuff going on. 0:18:44.840 --> 0:18:46.600 I think some of the first things you have to 0:18:46.640 --> 0:18:50.000 do is somehow get you know. 0:18:50.040 --> 0:18:51.320 Go back to the basics. 0:18:51.359 --> 0:18:53.760 Be sure you're sleep you know, getting good sleep. Be 0:18:54.560 --> 0:19:00.439 sure you're exercising, and you know, those basic things. The 0:19:00.520 --> 0:19:04.840 other thing you have to realize is do not get 0:19:04.880 --> 0:19:05.720 into that now. 0:19:05.760 --> 0:19:06.919 We're never mindset. 0:19:07.760 --> 0:19:10.760 You know those cookies that are delivered and you think I'll. 0:19:10.560 --> 0:19:13.800 Never get these again, Well you know what you will. 0:19:14.040 --> 0:19:16.800 I mean back, you know in March, You'll still be 0:19:16.840 --> 0:19:20.160 able to eat cookies. It'll be okay. You know, It's 0:19:20.200 --> 0:19:22.960 not like I better hurry up and eat them now. 0:19:23.720 --> 0:19:26.240 The other thing, too, is when you're full, you're full. 0:19:26.480 --> 0:19:28.000 If you can sort of. 0:19:29.560 --> 0:19:32.480 Get to a point where it's not like you make rules, 0:19:32.520 --> 0:19:36.360 but you say, listen, I'm gonna just try to maintain 0:19:36.400 --> 0:19:38.119 as much routine as normal. 0:19:38.280 --> 0:19:39.640 So let's say if you. 0:19:39.640 --> 0:19:42.400 Go for that big celebratory. 0:19:41.800 --> 0:19:44.240 Dinner out, you know, once a year, you. 0:19:44.160 --> 0:19:47.359 Go with your family and you're full, and here comes 0:19:47.400 --> 0:19:51.320 the dessert tray. Well, is there a way you could 0:19:51.520 --> 0:19:54.959 skip the dessert or package it to go. You know, 0:19:55.040 --> 0:19:58.400 it's not like it's not a once in a lifetime thing. 0:19:58.560 --> 0:20:03.200 But if you could do that, just don't overdo and 0:20:03.560 --> 0:20:06.760 quit with the rules. It's sort of like, well, I'll 0:20:06.760 --> 0:20:12.199 make it up tomorrow, and you have all these rules. Well, 0:20:12.359 --> 0:20:15.720 the tighter the rules, the more you push back your brain. 0:20:16.080 --> 0:20:20.280 Does that, Go ahead, because I got one thing that 0:20:20.320 --> 0:20:22.320 I read about that I found interesting. But go ahead, 0:20:22.359 --> 0:20:23.760 finish your thought, please forgive me. 0:20:23.960 --> 0:20:27.080 Well, the other great thing about food and the bad 0:20:27.119 --> 0:20:31.400 thing about food is food is comfort. Food is control, 0:20:31.880 --> 0:20:37.040 food is distraction, food is nostalgia all at once, and 0:20:37.080 --> 0:20:38.880 so the brain fixates on that. 0:20:39.200 --> 0:20:41.680 So you know, it's. 0:20:41.480 --> 0:20:44.440 I'm wondering, you know, if you can sort of discern 0:20:45.240 --> 0:20:49.359 like it's okay to eat, you know, if you don't 0:20:49.359 --> 0:20:51.879