1 00:00:08,119 --> 00:00:11,320 Speaker 1: This is America's Trunck and Network with Kevin Gordon. 2 00:00:12,720 --> 00:00:17,120 Speaker 2: Welveab Bar. Thanks for tuning in on this Christmas eve. 3 00:00:17,480 --> 00:00:21,560 Speaker 2: I cannot believe that we are already on the doorstep 4 00:00:22,040 --> 00:00:26,200 Speaker 2: of Christmas. Unbelievable. As you know, last week we were 5 00:00:26,200 --> 00:00:30,600 Speaker 2: at the Rush Enterprises twentieth year anniversary of their Tech 6 00:00:30,640 --> 00:00:35,000 Speaker 2: Skills Rodeo in Nashville. On that Tuesday evening, right before 7 00:00:35,040 --> 00:00:38,159 Speaker 2: the awards ceremony, we were able to sit down with 8 00:00:38,560 --> 00:00:43,360 Speaker 2: Rusty Rush, the chief executive officer of Rush Enterprises, and 9 00:00:43,600 --> 00:00:48,120 Speaker 2: he gave an assessment and talked about a wide variety 10 00:00:48,200 --> 00:00:51,599 Speaker 2: of things in terms of the company looking ahead. And 11 00:00:51,680 --> 00:00:55,080 Speaker 2: it's always interesting to talk to industry experts in terms 12 00:00:55,160 --> 00:00:57,560 Speaker 2: of people that are on the ground, you know, boots 13 00:00:57,600 --> 00:01:01,120 Speaker 2: on the ground, rubber meets the road, to find out 14 00:01:01,440 --> 00:01:04,600 Speaker 2: what they are seeing, what they are seeing as far 15 00:01:04,640 --> 00:01:07,720 Speaker 2: as the economy is concerned. And then of course I've 16 00:01:07,720 --> 00:01:10,800 Speaker 2: got some anecdotal evidence based on what I'm seeing and 17 00:01:10,840 --> 00:01:15,479 Speaker 2: of course what the actual numbers are as opposed to 18 00:01:15,560 --> 00:01:19,160 Speaker 2: what the spoon fed regurgitators in the mainstream media are 19 00:01:19,200 --> 00:01:22,520 Speaker 2: plucking out of the information to do their lead. And 20 00:01:22,560 --> 00:01:24,760 Speaker 2: we'll get into that a little bit later on, but 21 00:01:24,840 --> 00:01:27,199 Speaker 2: we had the opportunity to sit down with Rusty Rush 22 00:01:27,280 --> 00:01:33,760 Speaker 2: last week and of course the founder and CEO Rusty Rush, 23 00:01:33,840 --> 00:01:37,560 Speaker 2: and of course the chief operating officer, Jason Wilder, and 24 00:01:38,080 --> 00:01:40,760 Speaker 2: had a wide range of questions were able to be asked. 25 00:01:40,880 --> 00:01:45,199 Speaker 2: He remains hopeful. He spoke significantly about being hopeful about 26 00:01:45,240 --> 00:01:48,360 Speaker 2: the trucking industry, adding their signs of life in the 27 00:01:48,880 --> 00:01:52,160 Speaker 2: spock market. But then again they said that there's not 28 00:01:52,440 --> 00:01:56,360 Speaker 2: necessarily something in terms of a positive turnaround yet. He 29 00:01:56,520 --> 00:01:59,800 Speaker 2: mentioned that looking ahead and looking at what's going on, 30 00:02:00,320 --> 00:02:02,600 Speaker 2: mentioned again what a lot of people are mentioning and 31 00:02:02,600 --> 00:02:05,840 Speaker 2: they're kind of surprised by this the third year in 32 00:02:05,880 --> 00:02:08,360 Speaker 2: a row, or actually a third year or more of 33 00:02:08,400 --> 00:02:13,280 Speaker 2: a freight recession from the truckload perspective, which most of 34 00:02:13,320 --> 00:02:17,519 Speaker 2: these recessions as far as the trucking industry are generally 35 00:02:17,560 --> 00:02:20,960 Speaker 2: about twelve to fourteen months. So the fact that we 36 00:02:20,960 --> 00:02:24,360 Speaker 2: were into basically almost a three year period of time 37 00:02:24,760 --> 00:02:29,040 Speaker 2: is extremely unusual. And he mentioned that a lot of 38 00:02:29,080 --> 00:02:33,000 Speaker 2: it that unlike pass cycles that corrected more quickly. He 39 00:02:33,120 --> 00:02:37,680 Speaker 2: mentioned that excess capacity has lingered. He pointed to lenient 40 00:02:37,760 --> 00:02:42,840 Speaker 2: lenders on foreclosures and repossessions. Too many trucks pushed into 41 00:02:42,880 --> 00:02:46,040 Speaker 2: the market during the boom, and then demand that never 42 00:02:46,120 --> 00:02:50,200 Speaker 2: fully caught up. So again, there was a lot of times, 43 00:02:50,280 --> 00:02:55,959 Speaker 2: you know, with the especially with the plandemic, when the people, 44 00:02:55,960 --> 00:02:58,640 Speaker 2: you know, when everybody was depending upon trucks to keep 45 00:02:58,680 --> 00:03:01,919 Speaker 2: the wheels of the economy going, and freight rates were 46 00:03:01,960 --> 00:03:04,880 Speaker 2: way up, and there was a lot of freight being moved, 47 00:03:05,240 --> 00:03:09,200 Speaker 2: although you know, stuff was being delivered to homes, to 48 00:03:09,280 --> 00:03:11,959 Speaker 2: the big box stores and that type of thing. Not 49 00:03:12,000 --> 00:03:15,880 Speaker 2: necessarily the restaurants because most manufacturing and other places were closed, 50 00:03:16,120 --> 00:03:18,320 Speaker 2: but there was still an awful lot of activity, and 51 00:03:18,440 --> 00:03:21,320 Speaker 2: especially in the spot market. So anybody that had a 52 00:03:21,400 --> 00:03:24,840 Speaker 2: CDO license that said, you know what I'm seeing my neighbors, 53 00:03:24,880 --> 00:03:27,440 Speaker 2: I'm hearing about that people are making a lot of money, 54 00:03:27,440 --> 00:03:29,720 Speaker 2: so I'm going to jump on board and jump into 55 00:03:30,040 --> 00:03:32,840 Speaker 2: the market. And so they were able to do that. 56 00:03:33,200 --> 00:03:35,400 Speaker 2: I know that a lot of people bought new trucks, 57 00:03:35,440 --> 00:03:38,920 Speaker 2: some people bought used trucks or late model trucks and 58 00:03:39,360 --> 00:03:41,400 Speaker 2: jumped in and we're making a lot of money. But 59 00:03:41,520 --> 00:03:44,280 Speaker 2: then when the bottom fell out to a certain extent 60 00:03:44,640 --> 00:03:47,640 Speaker 2: after the pandemic, and things started going back to normal. 61 00:03:48,120 --> 00:03:51,520 Speaker 2: Even though, and I remember specifically talking to a lot 62 00:03:51,520 --> 00:03:55,760 Speaker 2: of people, they said that, well, freight rates are much 63 00:03:56,040 --> 00:03:59,320 Speaker 2: lower than what they were back in twenty twenty during 64 00:03:59,360 --> 00:04:01,760 Speaker 2: the pay pandemic as they referred to it, but of 65 00:04:01,760 --> 00:04:04,560 Speaker 2: course I refer to it as a plandemic. But even 66 00:04:04,600 --> 00:04:08,400 Speaker 2: though those prices are a lot lower, they're still above 67 00:04:08,440 --> 00:04:12,520 Speaker 2: what they were pre pandemic. So people that were wise, 68 00:04:12,560 --> 00:04:14,640 Speaker 2: people that knew what they were doing, people that had 69 00:04:14,680 --> 00:04:16,600 Speaker 2: been in the business for a long period of time, 70 00:04:16,880 --> 00:04:19,040 Speaker 2: seeing the ups and downs over the period of time, 71 00:04:19,400 --> 00:04:22,000 Speaker 2: know how to weather the storm. Always put a little 72 00:04:22,000 --> 00:04:24,320 Speaker 2: bit of money aside so that when you do have 73 00:04:24,400 --> 00:04:27,119 Speaker 2: those lean times, you got certain things to carry you over. 74 00:04:27,560 --> 00:04:29,599 Speaker 2: You know, all these things that you hear from these 75 00:04:29,640 --> 00:04:33,479 Speaker 2: financial markets and these financial advisors talking about that you 76 00:04:33,560 --> 00:04:35,800 Speaker 2: want to have a certain amount of reserve of cash 77 00:04:35,880 --> 00:04:39,480 Speaker 2: on hand that in case. You know, sometimes I think 78 00:04:39,600 --> 00:04:42,200 Speaker 2: I shouldn't say this, but I think sometimes they're a 79 00:04:42,240 --> 00:04:45,880 Speaker 2: little bit more how should I say, pessimistic. They will 80 00:04:45,880 --> 00:04:49,159 Speaker 2: say something in terms of having a six month worth 81 00:04:49,160 --> 00:04:52,000 Speaker 2: of reserves. I tend to think more in the turn 82 00:04:52,160 --> 00:04:55,440 Speaker 2: in line of three to four months, because you've got 83 00:04:55,440 --> 00:04:58,240 Speaker 2: to expect that, you know, in any period of time, 84 00:04:58,880 --> 00:05:01,599 Speaker 2: it is very rare that you're going to go six 85 00:05:01,800 --> 00:05:05,560 Speaker 2: months period of time without having any business walk through 86 00:05:05,600 --> 00:05:08,840 Speaker 2: the door, with the exception of the pandemic, But as 87 00:05:08,839 --> 00:05:11,880 Speaker 2: far as the trucking industry is concerned, you had a 88 00:05:11,880 --> 00:05:14,039 Speaker 2: lot of people still on the road, and with the 89 00:05:14,080 --> 00:05:16,800 Speaker 2: spot market, a lot of people jumping in. Now. As 90 00:05:16,880 --> 00:05:20,080 Speaker 2: far as restaurants and that, yes, they had some very 91 00:05:20,120 --> 00:05:24,279 Speaker 2: significant and you know, you can drive, well, it's no 92 00:05:24,440 --> 00:05:28,400 Speaker 2: news to you driving around or anybody that's out going 93 00:05:28,440 --> 00:05:33,240 Speaker 2: to different strip centers, various locations, maybe a favorite restaurant 94 00:05:33,240 --> 00:05:36,440 Speaker 2: of yours or a favorite place that you used to shop, 95 00:05:36,800 --> 00:05:40,040 Speaker 2: or these specialty stores. How many of those are closed? 96 00:05:40,320 --> 00:05:43,240 Speaker 2: You go into these different strip centers, and generally when 97 00:05:43,279 --> 00:05:46,440 Speaker 2: you would see full capacity at some of these strip centers, 98 00:05:46,680 --> 00:05:50,839 Speaker 2: you see basically at this point in time, still about 99 00:05:50,880 --> 00:05:55,440 Speaker 2: seventy five percent occupancy just about everywhere. I look that 100 00:05:55,720 --> 00:05:58,520 Speaker 2: you drive through and you say, cheet, what was the 101 00:05:58,560 --> 00:06:01,280 Speaker 2: store that was in that? Look? Yeah, that store had 102 00:06:01,279 --> 00:06:03,320 Speaker 2: been in there for a number of years. Oh my goodness, 103 00:06:03,320 --> 00:06:06,719 Speaker 2: they closed. And how many times have you thought, you 104 00:06:06,720 --> 00:06:08,880 Speaker 2: know something that you normally don't buy something that you 105 00:06:08,880 --> 00:06:11,280 Speaker 2: buy only maybe three four times a year, and then 106 00:06:11,320 --> 00:06:13,320 Speaker 2: you say, well about time to buy that, you go 107 00:06:13,400 --> 00:06:16,480 Speaker 2: and check that particular company and they're out of business. 108 00:06:16,839 --> 00:06:20,080 Speaker 2: So a lot of businesses, smaller business went out of business. 109 00:06:20,279 --> 00:06:23,080 Speaker 2: Now a lot of the major corporations and stuff like 110 00:06:23,120 --> 00:06:25,440 Speaker 2: that were able to keep afloat. Then, of course, with 111 00:06:25,600 --> 00:06:29,599 Speaker 2: the government payments coming in and with some of this 112 00:06:30,080 --> 00:06:34,479 Speaker 2: reinvestment or funds available from the federal government to keep 113 00:06:34,520 --> 00:06:38,040 Speaker 2: businesses afloat, which we've seen a lot of people that 114 00:06:38,600 --> 00:06:43,320 Speaker 2: diged into that was fraudulent. But again, the recovery money 115 00:06:43,320 --> 00:06:47,000 Speaker 2: that was available tied a lot of people over, and 116 00:06:47,040 --> 00:06:49,120 Speaker 2: of course with any of the backup that they had 117 00:06:49,160 --> 00:06:52,080 Speaker 2: as far as any savings or anything put aside. But again, 118 00:06:52,360 --> 00:06:55,360 Speaker 2: what we're seeing in the trucking industry is people that 119 00:06:55,400 --> 00:06:58,839 Speaker 2: were not used to weathering this storm, and because the 120 00:06:58,880 --> 00:07:02,760 Speaker 2: stimulus checks didn't qualify or didn't come to them in time, 121 00:07:03,000 --> 00:07:05,120 Speaker 2: a lot of people went by the wayside. And as 122 00:07:05,160 --> 00:07:07,960 Speaker 2: Rusty was pointing out that as that is shaking out, 123 00:07:08,040 --> 00:07:09,960 Speaker 2: we'll see a little bit better, and he said that 124 00:07:10,280 --> 00:07:12,640 Speaker 2: again that the spot market, we're seeing a bit of 125 00:07:12,640 --> 00:07:15,400 Speaker 2: an increase there not as much as they would like 126 00:07:15,440 --> 00:07:20,360 Speaker 2: to see, mentioning talking about soft market, the company has 127 00:07:20,440 --> 00:07:23,960 Speaker 2: leaned in its vocational segment, where you have a lot 128 00:07:23,960 --> 00:07:28,200 Speaker 2: of trucks that are available that are for specific industries. 129 00:07:29,000 --> 00:07:32,559 Speaker 2: Those are still going very well. He talked in terms 130 00:07:32,560 --> 00:07:34,760 Speaker 2: of having a solid year as far as used truck 131 00:07:34,840 --> 00:07:39,320 Speaker 2: parts and service and the body shop business. And again 132 00:07:39,720 --> 00:07:43,960 Speaker 2: because Rush you know, not only sells new trucks, but 133 00:07:44,040 --> 00:07:47,920 Speaker 2: they also service those trucks. They have used trucks, and 134 00:07:47,960 --> 00:07:51,240 Speaker 2: then they also service the trucks in a large parts 135 00:07:51,280 --> 00:07:55,160 Speaker 2: department and body shops. They cover the whole gamut. And 136 00:07:55,200 --> 00:07:57,920 Speaker 2: what we see generally, and we've seen this, you know 137 00:07:58,000 --> 00:08:01,960 Speaker 2: in the four wheeler industry, and that when people hold 138 00:08:02,000 --> 00:08:04,640 Speaker 2: on to their cars a lot longer, then you also 139 00:08:04,760 --> 00:08:08,920 Speaker 2: see an increase in terms of parts stores. People you know, 140 00:08:09,400 --> 00:08:12,800 Speaker 2: buying parts for cars. The parts industry is up as 141 00:08:12,800 --> 00:08:15,240 Speaker 2: opposed to new car sales. So it's kind of this 142 00:08:15,360 --> 00:08:19,560 Speaker 2: push and pull. So the fact that Rush enterprises is 143 00:08:19,680 --> 00:08:22,920 Speaker 2: well diversified. You know, when one segment is down, the 144 00:08:22,960 --> 00:08:26,200 Speaker 2: other segment is up. He talked about medium duty didn't 145 00:08:26,240 --> 00:08:29,240 Speaker 2: get a reprieve. There's a tremendous amount of truck inventories 146 00:08:29,440 --> 00:08:33,160 Speaker 2: that were built up, OEMs caught up, built up. There 147 00:08:33,160 --> 00:08:36,440 Speaker 2: were a lot of inventories sitting on dealers' lots. There's 148 00:08:36,520 --> 00:08:40,360 Speaker 2: still more than your normal years this according to Jason Wilder, 149 00:08:40,440 --> 00:08:44,760 Speaker 2: the COO of Rush Enterprises, there's still more. Let me 150 00:08:44,760 --> 00:08:48,480 Speaker 2: see that meaningful improvement likely hinges on industry that medium 151 00:08:48,520 --> 00:08:54,079 Speaker 2: duty vehicles serve, such as housing, landscaping, HVAC, and food delivery. 152 00:08:54,320 --> 00:08:57,800 Speaker 2: So when there's demand for that movement of vehicles or 153 00:08:58,120 --> 00:09:01,040 Speaker 2: stuff that is transported by the medium duty, then when 154 00:09:01,080 --> 00:09:03,960 Speaker 2: people need those trucks, then they go out and buy 155 00:09:04,000 --> 00:09:08,080 Speaker 2: those trucks. Rush said Steady. Non explosive adoption of electrification 156 00:09:08,880 --> 00:09:11,240 Speaker 2: talked about in a medium duty area where you've got 157 00:09:11,240 --> 00:09:14,760 Speaker 2: local deliveries, that seems to be a niche area where 158 00:09:14,800 --> 00:09:16,920 Speaker 2: people are going where you're going to see a lot 159 00:09:16,920 --> 00:09:21,960 Speaker 2: of improvement. If you notice around town the Amazon Prime people, 160 00:09:22,360 --> 00:09:25,520 Speaker 2: a lot of their vehicles are electric and they're good 161 00:09:25,720 --> 00:09:29,360 Speaker 2: for local delivery and that because they drive around during 162 00:09:29,360 --> 00:09:32,840 Speaker 2: the day but then go back to the central location 163 00:09:33,160 --> 00:09:35,920 Speaker 2: the headquarters at night, plug in and are available for 164 00:09:35,960 --> 00:09:39,000 Speaker 2: the next day. As far as the trucking industry itself, 165 00:09:39,080 --> 00:09:42,600 Speaker 2: for long haul overnight and from coast to coast. The 166 00:09:42,600 --> 00:09:46,280 Speaker 2: infrastructure just isn't there. The weight of these vehicles, the 167 00:09:46,320 --> 00:09:49,360 Speaker 2: amount of less payload that they can carry is not 168 00:09:49,400 --> 00:09:52,400 Speaker 2: sufficient for that area to be covered. So we're seeing 169 00:09:52,440 --> 00:09:56,079 Speaker 2: that more in the medium duty industry wide. Rush sees 170 00:09:56,120 --> 00:10:00,760 Speaker 2: opportunity for alternative fuels. He's been big on ultra fuels 171 00:10:00,920 --> 00:10:04,200 Speaker 2: and he said they've been looking at that. He's been 172 00:10:04,679 --> 00:10:07,559 Speaker 2: very a pet project of his for over eighteen years. 173 00:10:07,720 --> 00:10:09,880 Speaker 2: Got a little bit more to talk about this, we'll 174 00:10:09,920 --> 00:10:12,599 Speaker 2: cover that coming up. I'm Kevin Gordon, America's truck in 175 00:10:12,720 --> 00:10:15,400 Speaker 2: Network seven hundred WLW. 176 00:10:16,240 --> 00:10:19,360 Speaker 1: What need This is the racing report on America's trucking 177 00:10:19,440 --> 00:10:21,840 Speaker 1: Network on seven hundred WLW. 178 00:10:22,559 --> 00:10:25,640 Speaker 3: National Transportation Safety Board held a briefing over the weekend 179 00:10:25,640 --> 00:10:28,559 Speaker 3: into the fatal plane crash in North Carolina that killed 180 00:10:28,640 --> 00:10:32,120 Speaker 3: NASCAR driver Greg Biffel, his family, and three others. Wreckage 181 00:10:32,160 --> 00:10:34,560 Speaker 3: from the scene has been removed from the airport. They 182 00:10:34,640 --> 00:10:36,840 Speaker 3: don't know why the airplane was trying to return to 183 00:10:36,880 --> 00:10:40,319 Speaker 3: the airport. The cockpit voice reporter is in Washington, DC. 184 00:10:41,080 --> 00:10:44,800 Speaker 3: RFK Racing co owner and driver Brad Keselowski suffering a 185 00:10:44,880 --> 00:10:47,920 Speaker 3: broken leg on a recent ski trip with his family. 186 00:10:48,160 --> 00:10:51,920 Speaker 3: Keselowski is working very quick and hopefully a full recovery 187 00:10:52,240 --> 00:10:55,400 Speaker 3: work to get ready for Daytona. The Chili Bowl Nationals 188 00:10:55,400 --> 00:10:57,959 Speaker 3: about a month away, and the entry list continues to grow. 189 00:10:58,240 --> 00:11:01,880 Speaker 3: Defending winner Kyle Larson three time winner Christopher Bell have 190 00:11:02,000 --> 00:11:06,040 Speaker 3: filed their entries for the Tulsa, Oklahoma event January twelfth 191 00:11:06,080 --> 00:11:09,120 Speaker 3: through the seventeenth. Matt Crafton will run five to ten 192 00:11:09,240 --> 00:11:12,960 Speaker 3: racist part time next season for ThorSport in the Truck Series. 193 00:11:14,040 --> 00:11:17,120 Speaker 1: This is the wreathing reboard on America's Truck and edwork 194 00:11:17,320 --> 00:11:19,080 Speaker 1: on seven hundred WLW. 195 00:11:19,720 --> 00:11:24,040 Speaker 3: Merry Christmas, everyone say Dennison a t N. 196 00:11:24,200 --> 00:11:27,200 Speaker 2: It's former Bengal and Pro Football Hall of Famer Anthony Munos, 197 00:11:27,400 --> 00:11:31,080 Speaker 2: did you know that ninety five percent? I'm Kevin Boord 198 00:11:31,080 --> 00:11:35,559 Speaker 2: in America's Truck and Network seven hundred WLW. Continuing our 199 00:11:35,600 --> 00:11:40,040 Speaker 2: conversation or continuing what was discussed during the media event. 200 00:11:41,080 --> 00:11:44,640 Speaker 2: We had an opportunity last week during the Rush Truck 201 00:11:44,679 --> 00:11:49,200 Speaker 2: Scent Rush Enterprises twentieth anniversary of their Tech Skills rodeo 202 00:11:49,720 --> 00:11:53,840 Speaker 2: in Nashville. We've got an opportunity to sit down with CEO, 203 00:11:54,320 --> 00:11:58,640 Speaker 2: Chief Executive officer and founder, Rusty Rush. Actually he is 204 00:11:58,679 --> 00:12:01,080 Speaker 2: the son of the founder, but we got to speak 205 00:12:01,080 --> 00:12:05,120 Speaker 2: with him and then the chief operating officer, Jason Wilder, 206 00:12:05,600 --> 00:12:08,319 Speaker 2: and one of the things, one of the more interesting 207 00:12:08,440 --> 00:12:12,160 Speaker 2: things that he said, he said, we love talked about 208 00:12:12,160 --> 00:12:15,640 Speaker 2: how natural gas and some of the projects that he's 209 00:12:15,679 --> 00:12:18,360 Speaker 2: been involved in with that. He's very big on that. 210 00:12:18,720 --> 00:12:23,079 Speaker 2: He said, we love working on natural gas. We've invested 211 00:12:23,160 --> 00:12:26,079 Speaker 2: in the bays and the facilities to do it. Rush said, 212 00:12:26,200 --> 00:12:27,959 Speaker 2: there have been a pet project of mind for the 213 00:12:28,040 --> 00:12:32,000 Speaker 2: last eighteen years because I love trash. That's kind of 214 00:12:32,120 --> 00:12:36,560 Speaker 2: interesting because a lot of the industry has moved towards 215 00:12:36,640 --> 00:12:41,120 Speaker 2: natural gas in terms of trash removal. These vehicles that 216 00:12:41,160 --> 00:12:45,360 Speaker 2: you see going into you know, collecting garbage, collecting the 217 00:12:45,440 --> 00:12:48,520 Speaker 2: dumpsters and so on, and so that has been an 218 00:12:48,559 --> 00:12:50,959 Speaker 2: area where you see a lot of natural gas being 219 00:12:51,040 --> 00:12:54,360 Speaker 2: used and those trucks being propelled by that. And Rush 220 00:12:54,520 --> 00:12:56,760 Speaker 2: has those vehicles. Those are the vehicles on a lot 221 00:12:56,760 --> 00:13:00,400 Speaker 2: of the vehicles that they sell. He says, we're still 222 00:13:00,400 --> 00:13:03,480 Speaker 2: believing in it because a large customer base is largely 223 00:13:03,520 --> 00:13:06,760 Speaker 2: invested in it too, and so any of these industries 224 00:13:06,800 --> 00:13:09,160 Speaker 2: that are looking to cut their costs. Of course, they're 225 00:13:09,160 --> 00:13:11,680 Speaker 2: going to move to alternative fuels, and I think some 226 00:13:11,760 --> 00:13:15,080 Speaker 2: of these alternative fuels really show a lot of promise 227 00:13:15,160 --> 00:13:18,200 Speaker 2: in terms of what can be done as far as 228 00:13:18,320 --> 00:13:22,640 Speaker 2: you know, lowering emissions, but also making sure and because 229 00:13:22,760 --> 00:13:26,440 Speaker 2: natural gas is a resource, a natural resource, that we 230 00:13:26,559 --> 00:13:30,160 Speaker 2: continue to drill for that and have that available as 231 00:13:30,200 --> 00:13:35,480 Speaker 2: opposed to relying on something that is not sustainable and 232 00:13:35,559 --> 00:13:38,520 Speaker 2: which is not very reliable, which we've seen so far 233 00:13:38,800 --> 00:13:41,920 Speaker 2: with wind and solar. At some point in time maybe 234 00:13:41,960 --> 00:13:44,560 Speaker 2: those will be up in those ranges. And of course 235 00:13:44,600 --> 00:13:47,520 Speaker 2: with the EV batteries, the weight of those things is 236 00:13:47,600 --> 00:13:50,760 Speaker 2: just way too much, the expense of the trucks, way 237 00:13:50,760 --> 00:13:53,920 Speaker 2: too much, the infrastructure to support that. I mean, I've 238 00:13:53,920 --> 00:13:58,000 Speaker 2: made this comment several times before that if everybody right 239 00:13:58,040 --> 00:14:01,520 Speaker 2: now today, on this day, got rid of their internal 240 00:14:01,520 --> 00:14:06,080 Speaker 2: combustion engine and bought a electric vehicle number one, the 241 00:14:06,600 --> 00:14:10,599 Speaker 2: wear and tear on the roadways right now would be horrific. 242 00:14:10,679 --> 00:14:14,200 Speaker 2: We would see a very serious problem as far as 243 00:14:14,240 --> 00:14:18,680 Speaker 2: the infrastructure, the weight of those vehicles on the current streets. 244 00:14:18,960 --> 00:14:22,280 Speaker 2: Take that into consideration in terms of parking garages, the 245 00:14:22,320 --> 00:14:25,240 Speaker 2: parking garages currently the way they are built and the 246 00:14:25,240 --> 00:14:28,240 Speaker 2: way they were built based on what they anticipated the 247 00:14:28,240 --> 00:14:31,520 Speaker 2: weight of vehicles to be and continuing to be given 248 00:14:31,520 --> 00:14:33,840 Speaker 2: the fact that the weight of vehicles have gone down 249 00:14:34,000 --> 00:14:38,400 Speaker 2: significantly from back in the sixties, seventies, eighties, and even nineties, 250 00:14:38,880 --> 00:14:41,680 Speaker 2: jumping that back up to those ranges back then and 251 00:14:41,760 --> 00:14:44,760 Speaker 2: even more, I'm not sure that the parking garages and 252 00:14:44,800 --> 00:14:48,600 Speaker 2: the infrastructure there could handle it. So again, from that aspect, 253 00:14:48,800 --> 00:14:53,240 Speaker 2: that's one of the things, what things that people aren't 254 00:14:53,240 --> 00:14:56,600 Speaker 2: even the unintended consequences that people aren't even thinking about. 255 00:14:57,480 --> 00:14:59,560 Speaker 2: He expanded in the Federal Reserve, one of the things 256 00:14:59,560 --> 00:15:02,280 Speaker 2: that was very curious to hear him talk about, and 257 00:15:02,280 --> 00:15:07,240 Speaker 2: I mentioned this too on several occasions. Also expanded the 258 00:15:07,320 --> 00:15:10,560 Speaker 2: Federal Reserve meeting in mid January and his expectations that 259 00:15:10,600 --> 00:15:15,040 Speaker 2: the governors will probably hold interest rates. I think, based 260 00:15:15,080 --> 00:15:17,760 Speaker 2: in my opinion, I think there will be some cuts 261 00:15:17,840 --> 00:15:21,400 Speaker 2: because there seems to be some division within the Federal Reserve. 262 00:15:21,680 --> 00:15:25,760 Speaker 2: He recognized that and talked about that. I mentioned quote 263 00:15:25,760 --> 00:15:27,680 Speaker 2: from him. I got to believe from what I've read, 264 00:15:27,720 --> 00:15:31,280 Speaker 2: it's a rather divisive meeting this past meeting in December. 265 00:15:31,520 --> 00:15:34,280 Speaker 2: But where there's smoke there's fire, I expect them to 266 00:15:34,400 --> 00:15:37,320 Speaker 2: pause now. I think, though, that the pressure from the 267 00:15:37,360 --> 00:15:41,280 Speaker 2: Trump administration. I wish that Trump would have appointed the 268 00:15:41,840 --> 00:15:46,240 Speaker 2: who he plans on replacing Lion Jerome Powell, Lion Jerry Powell, 269 00:15:46,240 --> 00:15:48,680 Speaker 2: with would have been announced as a Christmas gift to 270 00:15:48,720 --> 00:15:52,000 Speaker 2: the American public before Christmas, but it appears that that's 271 00:15:52,080 --> 00:15:53,800 Speaker 2: not going to be announced until after the first of 272 00:15:53,800 --> 00:15:56,640 Speaker 2: the year. And then once that's done, maybe that will 273 00:15:56,680 --> 00:16:00,160 Speaker 2: put some pressure on the Federal Reserve in January to 274 00:16:00,240 --> 00:16:04,240 Speaker 2: continue to reduce interest rates, because we've got stories coming 275 00:16:04,320 --> 00:16:07,880 Speaker 2: up that will verify that or will push in that direction. 276 00:16:08,720 --> 00:16:12,560 Speaker 2: And most customers are more worried about unemployment and inflation, 277 00:16:13,040 --> 00:16:16,080 Speaker 2: those concerns, and of course talking about some of the stuff, 278 00:16:16,600 --> 00:16:19,840 Speaker 2: people are still waiting on the sidelines to see if 279 00:16:19,920 --> 00:16:25,640 Speaker 2: and when or how tariffs are going to affect the 280 00:16:25,680 --> 00:16:28,360 Speaker 2: economy as far as inflation. I was listening to a 281 00:16:28,360 --> 00:16:31,640 Speaker 2: couple of reports over the weekend and they've people have 282 00:16:31,760 --> 00:16:37,120 Speaker 2: just absolutely how should I say, surprise shock that the 283 00:16:37,240 --> 00:16:41,360 Speaker 2: so called experts talking about how tariffs we're going to 284 00:16:41,400 --> 00:16:45,280 Speaker 2: add to inflation just hasn't materialized, and they're pretty much 285 00:16:45,280 --> 00:16:48,040 Speaker 2: shocked by that. But again, as we as I pointed 286 00:16:48,040 --> 00:16:51,480 Speaker 2: out on this program, it's not necessarily the terriffs because 287 00:16:51,680 --> 00:16:55,040 Speaker 2: in some instances prices go down, prices go up. The 288 00:16:55,120 --> 00:16:59,160 Speaker 2: net effect across the board is generally small to minimum increases, 289 00:16:59,280 --> 00:17:01,720 Speaker 2: if any at all, and in some cases may actually 290 00:17:01,720 --> 00:17:04,800 Speaker 2: go down. But what really drives that is government spending. 291 00:17:04,920 --> 00:17:08,959 Speaker 2: If you've got these back, you know the what was it, 292 00:17:09,000 --> 00:17:13,119 Speaker 2: the uh, the Recovery Act the Biden pushed through in 293 00:17:13,119 --> 00:17:16,760 Speaker 2: the final days or initial stages of the recovery from 294 00:17:16,880 --> 00:17:20,879 Speaker 2: the pandemic. People were telling him at that point that 295 00:17:20,960 --> 00:17:26,080 Speaker 2: if they did that Infrastructure and Recovery Act, that the 296 00:17:26,200 --> 00:17:28,840 Speaker 2: spending that would be in that would lead to inflation, 297 00:17:29,040 --> 00:17:31,919 Speaker 2: which in fact it did. So when you flood the government, 298 00:17:31,960 --> 00:17:35,840 Speaker 2: when you flood government money into the marketplace, that leads 299 00:17:35,880 --> 00:17:40,520 Speaker 2: to inflation, which then has to be controlled somehow. And unfortunately, 300 00:17:40,880 --> 00:17:44,520 Speaker 2: when they start controlling interest rates, that burden falls on us, 301 00:17:44,600 --> 00:17:48,840 Speaker 2: the public, to sustain or to take the results of 302 00:17:49,000 --> 00:17:52,240 Speaker 2: and the pain of those higher interest costs in order 303 00:17:52,280 --> 00:17:56,800 Speaker 2: to bring the economy back within reason. So again, the 304 00:17:56,840 --> 00:17:59,640 Speaker 2: Recovery Act that was put through by the Biden administration 305 00:18:00,080 --> 00:18:02,639 Speaker 2: did add a lot to the inflation and not what 306 00:18:02,680 --> 00:18:04,920 Speaker 2: we're seeing as far as the tariffs are concerned, because, 307 00:18:04,960 --> 00:18:07,600 Speaker 2: as I've said before, when you take into consideration the 308 00:18:07,640 --> 00:18:11,680 Speaker 2: companies overseas that have these big margins between their labor 309 00:18:11,920 --> 00:18:14,240 Speaker 2: because they have lower labor costs over there and what 310 00:18:14,359 --> 00:18:17,360 Speaker 2: the final product is, they have a big cushion as 311 00:18:17,400 --> 00:18:20,159 Speaker 2: far as margin is concerned. They can absorb some of 312 00:18:20,600 --> 00:18:24,800 Speaker 2: those tariffs. The exporter can then absorb some of those 313 00:18:24,840 --> 00:18:28,359 Speaker 2: tariffs before they send those out. Then the importer on 314 00:18:28,400 --> 00:18:32,760 Speaker 2: the other end could possibly absorb some of these tariffs 315 00:18:32,840 --> 00:18:36,080 Speaker 2: or increases. Then you get to the wholesale or distributors, 316 00:18:36,280 --> 00:18:40,360 Speaker 2: they absorb stuff, get to the retail market, they absorb 317 00:18:40,480 --> 00:18:42,919 Speaker 2: some of that stuff, and so it kind of is 318 00:18:42,960 --> 00:18:45,840 Speaker 2: spread out over everybody. So all those people along the 319 00:18:45,880 --> 00:18:49,400 Speaker 2: supply chain kind of share the burden of any increase 320 00:18:49,440 --> 00:18:51,800 Speaker 2: in tariffs. Getting back to some of the stuff having 321 00:18:51,800 --> 00:18:54,840 Speaker 2: to do with EVS, this survey, and I kind of 322 00:18:54,880 --> 00:18:58,120 Speaker 2: hesitated clicking on this because when you get these pop 323 00:18:58,200 --> 00:19:01,440 Speaker 2: ups on your screen when you're going from website to website. 324 00:19:01,600 --> 00:19:05,320 Speaker 2: Although it came from a reputable source of where I 325 00:19:05,440 --> 00:19:08,560 Speaker 2: go on a normal basis, and this survey popped up 326 00:19:08,560 --> 00:19:10,679 Speaker 2: and I thought, you know, just for the hell of it, 327 00:19:10,760 --> 00:19:13,359 Speaker 2: I'm going to go ahead and take this survey. The 328 00:19:13,400 --> 00:19:16,520 Speaker 2: way it was portrayed, I thought, God, this has got 329 00:19:16,560 --> 00:19:19,639 Speaker 2: to be some liberal organization that's putting this. You know, 330 00:19:20,040 --> 00:19:24,159 Speaker 2: the time to ban gasoline internal combustion engines is now. 331 00:19:24,520 --> 00:19:27,119 Speaker 2: And they said, you know, talking about how you know, 332 00:19:27,160 --> 00:19:29,680 Speaker 2: there's been this push that there's lawmakers that are trying 333 00:19:29,680 --> 00:19:34,920 Speaker 2: to eliminate the internal combustion engine, or as they call, 334 00:19:35,160 --> 00:19:39,160 Speaker 2: the plan to ban gas cars. And I thought, man, 335 00:19:39,200 --> 00:19:41,399 Speaker 2: this is some liberal group. I got to see in 336 00:19:41,480 --> 00:19:44,800 Speaker 2: terms of the survey where everybody stands on that. So 337 00:19:44,880 --> 00:19:47,960 Speaker 2: I went ahead and well, they asked for my name 338 00:19:48,040 --> 00:19:51,239 Speaker 2: and email address and phone number, which I was kind 339 00:19:51,280 --> 00:19:53,160 Speaker 2: of hesitant to do, but I was kind of curious. 340 00:19:53,440 --> 00:19:56,480 Speaker 2: So I voted no on that. Well, I see the 341 00:19:56,520 --> 00:20:00,080 Speaker 2: survey results. Do you agree? And that the phrase is 342 00:20:00,119 --> 00:20:03,520 Speaker 2: do you agree with lawmakers plan to ban gas cars 343 00:20:03,560 --> 00:20:07,320 Speaker 2: in the US? Yes, Climate action is urgent and we 344 00:20:07,440 --> 00:20:12,560 Speaker 2: must act now. Fifteen thousand, three hundred and seven votes No. 345 00:20:13,040 --> 00:20:18,199 Speaker 2: Lawmakers shouldn't dictate what Americans can drive nine hundred and 346 00:20:18,400 --> 00:20:23,960 Speaker 2: twenty two thousand, three hundred and eighty five against if 347 00:20:24,000 --> 00:20:26,280 Speaker 2: This was a I mean, like I said, this was 348 00:20:26,359 --> 00:20:29,959 Speaker 2: kind of almost a push pull kind of of a survey, 349 00:20:30,000 --> 00:20:31,919 Speaker 2: if you will. They said, you know, the time to 350 00:20:31,960 --> 00:20:34,439 Speaker 2: ban gasoline, the powered you know, and all this is 351 00:20:34,560 --> 00:20:37,159 Speaker 2: now a government is moving towards this. Where do you 352 00:20:37,240 --> 00:20:40,000 Speaker 2: stand on this? And I'll bet that they're pretty much 353 00:20:40,040 --> 00:20:43,600 Speaker 2: shocked where this came from. And certainly the numbers that 354 00:20:43,600 --> 00:20:47,400 Speaker 2: that is dictating coming up, We've got some more mischief. 355 00:20:47,520 --> 00:20:52,720 Speaker 2: Get into I'm Kevin Bordon, America's Trucking Network seven hundred WLW. 356 00:20:53,000 --> 00:20:55,320 Speaker 4: Here's your trucking forecast for the Try State and the 357 00:20:55,320 --> 00:20:57,720 Speaker 4: rest of the country, and the tries sit Overnight mostly 358 00:20:57,760 --> 00:21:00,200 Speaker 4: Claude was showers likely the low down to forty two, 359 00:21:00,240 --> 00:21:03,040 Speaker 4: patchi drizzle and a chance of showers early Tuesday. Otherwise 360 00:21:03,040 --> 00:21:06,240 Speaker 4: Claudie the high year sixty, partly sunny. Christmas Eve Wednesday 361 00:21:06,320 --> 00:21:08,880 Speaker 4: a high fifty three, and for Year Christmas Day, chances 362 00:21:08,880 --> 00:21:12,680 Speaker 4: of early rain. Otherwise Claudie highs in the lower sixties. Nationally, 363 00:21:12,800 --> 00:21:15,400 Speaker 4: very heavy snow expected for the Sierra Nevana Mountains, while 364 00:21:15,440 --> 00:21:19,440 Speaker 4: excessive brain is on tap for parts of southern California Wednesday. Meanwhile, 365 00:21:19,480 --> 00:21:22,240 Speaker 4: above average temperatures expected for most of the country leading 366 00:21:22,280 --> 00:21:23,320 Speaker 4: up to Christmas. 367 00:21:25,200 --> 00:21:29,359 Speaker 2: Seven hundred WLW. I'm Kevin Gordon. This is America's struck 368 00:21:29,400 --> 00:21:32,920 Speaker 2: in network. By the way, during a break, I did 369 00:21:32,920 --> 00:21:35,600 Speaker 2: a quick and dirty Wow, not quick, I just did 370 00:21:35,640 --> 00:21:38,159 Speaker 2: the did the math on it. That survey that I 371 00:21:38,280 --> 00:21:41,920 Speaker 2: mentioned before the break, do you agree with lawmakers plan 372 00:21:42,080 --> 00:21:47,440 Speaker 2: to ban gas cars? The vote was one point six percent. 373 00:21:49,320 --> 00:21:52,400 Speaker 2: Less than two percent of people said yeah, banned cars. 374 00:21:52,840 --> 00:21:56,200 Speaker 2: So we're looking at what is that ninety eight point 375 00:21:56,320 --> 00:22:01,360 Speaker 2: four percent of the American public say no. Lawmakers shouldn't 376 00:22:01,359 --> 00:22:06,760 Speaker 2: dictate to Americans what they can drive. My goodness, Wow, 377 00:22:07,040 --> 00:22:11,000 Speaker 2: America's truck and network supports the mission of Recee Across America. 378 00:22:11,359 --> 00:22:13,680 Speaker 2: You can hear us every truck and Tuesday at five 379 00:22:13,720 --> 00:22:17,520 Speaker 2: am and ten am Eastern on Recee Across America Radio, 380 00:22:17,800 --> 00:22:21,240 Speaker 2: available on the iHeart Radio app. Search the word Rease. 381 00:22:21,359 --> 00:22:26,080 Speaker 2: Now it's wr eats for Reese Across America Radio. And 382 00:22:26,119 --> 00:22:29,040 Speaker 2: thank you for all our truckers for the supporting the 383 00:22:29,080 --> 00:22:32,400 Speaker 2: mission of Reese Across America. Now, last week I didn't 384 00:22:32,440 --> 00:22:35,400 Speaker 2: have a chance to get to this, but rececross America 385 00:22:35,720 --> 00:22:39,480 Speaker 2: remember they had their and hopefully you participated in that. 386 00:22:39,840 --> 00:22:44,080 Speaker 2: They had their reflaying ceremony on December the thirteenth. Unfortunately, 387 00:22:44,119 --> 00:22:46,600 Speaker 2: I wasn't able to participate because my wife and I 388 00:22:46,640 --> 00:22:50,040 Speaker 2: were on our way down to Nashville to participate and 389 00:22:50,080 --> 00:22:54,440 Speaker 2: to attend the Rush Enterprise's twentieth anniversary of the tuch 390 00:22:54,520 --> 00:22:57,560 Speaker 2: Tech Skills Rodeo. And if you missed any of that, 391 00:22:57,840 --> 00:23:00,240 Speaker 2: make sure you hit up that iHeart Radio app brought 392 00:23:00,280 --> 00:23:03,199 Speaker 2: to you by Rush Truck Centers. Now, some of the 393 00:23:03,200 --> 00:23:09,080 Speaker 2: statistics from that December thirteenth wreath laying ceremony together they 394 00:23:09,160 --> 00:23:14,960 Speaker 2: support We supported five thousand, five hundred and ninety eight 395 00:23:15,040 --> 00:23:22,080 Speaker 2: participating locations, sponsored more than three point one million veterans wreaths, 396 00:23:22,440 --> 00:23:26,880 Speaker 2: and mobilized millions of volunteers, a third of whom were children, 397 00:23:27,200 --> 00:23:31,359 Speaker 2: across all fifty states, at sea and around the world. 398 00:23:31,600 --> 00:23:37,080 Speaker 2: So there are locations different to veterans cemeteries overseas and 399 00:23:37,119 --> 00:23:41,439 Speaker 2: in US territories that participate in this as well. Three 400 00:23:41,640 --> 00:23:45,879 Speaker 2: point one million reefs were laid at these tombs and 401 00:23:45,960 --> 00:23:51,960 Speaker 2: again going to these individual locations. As they say, a 402 00:23:52,040 --> 00:23:56,679 Speaker 2: veteran dies twice, once when he takes his last breath 403 00:23:57,480 --> 00:24:01,120 Speaker 2: and the next is when his name is no longer mentioned. 404 00:24:01,440 --> 00:24:05,399 Speaker 2: So the push eventually is to make sure that all veterans' 405 00:24:05,440 --> 00:24:09,359 Speaker 2: grave sites are have a reef placed at them. But 406 00:24:09,520 --> 00:24:13,439 Speaker 2: right now the concentration is at the older sections of 407 00:24:13,560 --> 00:24:17,600 Speaker 2: these graveyards where a lot of people back from the 408 00:24:18,400 --> 00:24:22,880 Speaker 2: even as far back as well the Revolutionary War, Civil War, 409 00:24:23,200 --> 00:24:26,119 Speaker 2: Spanish American War and thereabouts. A lot of those people, 410 00:24:26,560 --> 00:24:28,800 Speaker 2: their relatives have moved out of the area. As a 411 00:24:28,800 --> 00:24:30,639 Speaker 2: matter of fact, I was talking to a friend of 412 00:24:30,680 --> 00:24:33,080 Speaker 2: mine and he was telling me that a friend of 413 00:24:33,119 --> 00:24:36,480 Speaker 2: his that her father is in the area and he 414 00:24:36,520 --> 00:24:39,000 Speaker 2: does a lot of genealogy, and she's from the area. 415 00:24:39,320 --> 00:24:41,680 Speaker 2: She's living in Cleveland now, but he does a lot 416 00:24:41,720 --> 00:24:43,680 Speaker 2: of genealogy, and he just looked up some of the 417 00:24:43,760 --> 00:24:48,120 Speaker 2: family members and they actually found grave sites of family 418 00:24:48,119 --> 00:24:51,800 Speaker 2: members she didn't even know she had in one of 419 00:24:51,800 --> 00:24:54,640 Speaker 2: these cemeteries. And then the fact that they were they 420 00:24:54,680 --> 00:24:57,720 Speaker 2: served what they served because through some of this genealogy 421 00:24:57,760 --> 00:24:59,840 Speaker 2: and stuff, you can find out some of the mill 422 00:25:00,080 --> 00:25:03,440 Speaker 2: ary records as well, and so she was astonished by 423 00:25:03,520 --> 00:25:07,040 Speaker 2: that and the availability. So a lot of these veterans 424 00:25:07,280 --> 00:25:12,359 Speaker 2: are buried in regular cemeteries, not just necessarily segments of 425 00:25:12,480 --> 00:25:16,040 Speaker 2: one cemetery near where I live, there is a section 426 00:25:16,119 --> 00:25:21,440 Speaker 2: that's set aside for veterans. But then in other cemeteries 427 00:25:21,600 --> 00:25:25,280 Speaker 2: they are dispersed throughout the entire cemetery. They're not necessarily 428 00:25:25,280 --> 00:25:31,040 Speaker 2: reserved for just veterans. So this reesecross America again servicing 429 00:25:31,080 --> 00:25:33,440 Speaker 2: those and making sure that these res are are put 430 00:25:33,560 --> 00:25:36,359 Speaker 2: at those areas. Now, some interesting things to keep in 431 00:25:36,400 --> 00:25:41,440 Speaker 2: mind here is that now this is interesting through from 432 00:25:41,560 --> 00:25:47,080 Speaker 2: now until December thirty first, the headquarters of Recross America 433 00:25:47,560 --> 00:25:53,080 Speaker 2: through sponsored different sponsored groups that replacement at the RECE 434 00:25:53,240 --> 00:25:57,280 Speaker 2: next year, which by the way, will be December the nineteenth, 435 00:25:57,320 --> 00:26:05,080 Speaker 2: twenty twenty six, that headquarters will match all veterans sponsored 436 00:26:05,240 --> 00:26:10,520 Speaker 2: through a registered RECE Across America's sponsorship group. So if 437 00:26:10,520 --> 00:26:13,359 Speaker 2: you go on their website now, and if you are 438 00:26:13,400 --> 00:26:18,160 Speaker 2: associated with a particular group, and if you do sign 439 00:26:18,280 --> 00:26:22,720 Speaker 2: up now and do the contribution or the donation or 440 00:26:22,760 --> 00:26:27,040 Speaker 2: sponsorship of a wreath between now and December thirty first, 441 00:26:27,400 --> 00:26:31,720 Speaker 2: that will be matched by Recross America headquarters. So that 442 00:26:31,880 --> 00:26:35,200 Speaker 2: is also a good benefit there, so you can pretty 443 00:26:35,280 --> 00:26:39,000 Speaker 2: much double your effect along those ways. And again save 444 00:26:39,080 --> 00:26:42,760 Speaker 2: the date the next wreath laying ceremony will be Saturday, 445 00:26:42,840 --> 00:26:48,639 Speaker 2: December the nineteenth, twenty twenty six, and so hopefully I 446 00:26:48,680 --> 00:26:50,439 Speaker 2: won't be out of town and I'll be able to 447 00:26:50,480 --> 00:26:53,960 Speaker 2: attend that. But I do going back to one of 448 00:26:53,960 --> 00:26:57,000 Speaker 2: the original things that was talked about is that of 449 00:26:57,040 --> 00:27:01,400 Speaker 2: the various volunteers, almost thirty I think, what was it millions, 450 00:27:01,400 --> 00:27:04,280 Speaker 2: a third of whom were children, and which is great 451 00:27:04,840 --> 00:27:07,359 Speaker 2: that children are involved and they get to know a 452 00:27:07,440 --> 00:27:10,240 Speaker 2: little bit of history. I remember when a couple of 453 00:27:10,320 --> 00:27:12,520 Speaker 2: years ago I was in town and was able to 454 00:27:12,560 --> 00:27:18,399 Speaker 2: attend the wreath laying cemetery at the local chapter, or 455 00:27:18,440 --> 00:27:22,320 Speaker 2: the one closest to me. There were a lot of 456 00:27:22,400 --> 00:27:24,920 Speaker 2: children there, and I was grateful to see that, because 457 00:27:25,240 --> 00:27:28,840 Speaker 2: again you have to have the next generation step up 458 00:27:29,040 --> 00:27:32,199 Speaker 2: to be there for our veterans and especially the fallen 459 00:27:32,280 --> 00:27:35,320 Speaker 2: veterans who are in these cemeteries that died in time 460 00:27:35,359 --> 00:27:38,280 Speaker 2: of war. And so again I can't say enough about 461 00:27:38,480 --> 00:27:41,000 Speaker 2: reefs across America and the stuff that they do. And 462 00:27:41,040 --> 00:27:45,000 Speaker 2: of course if you go to their website across America 463 00:27:45,400 --> 00:27:49,280 Speaker 2: dot org, you can learn all kinds of information. Maybe 464 00:27:49,520 --> 00:27:51,800 Speaker 2: if you and a group want to sponsor a particular 465 00:27:51,840 --> 00:27:56,239 Speaker 2: cemetery that's not currently being taken care of or that 466 00:27:56,400 --> 00:27:58,520 Speaker 2: is not on their list. You and a group of 467 00:27:58,560 --> 00:28:02,240 Speaker 2: people can sponsor that and actually have the sponsorship group 468 00:28:02,560 --> 00:28:04,879 Speaker 2: for that area to take care of those reefs and 469 00:28:04,960 --> 00:28:08,119 Speaker 2: to lay those reefs at that particular cemetery. Or you 470 00:28:08,119 --> 00:28:11,520 Speaker 2: can go online and you can volunteer at one close 471 00:28:11,560 --> 00:28:13,960 Speaker 2: to you if you want to participate with them, and 472 00:28:14,000 --> 00:28:16,240 Speaker 2: they're pretty quick about getting back in touch with you 473 00:28:16,560 --> 00:28:19,640 Speaker 2: so that you can know where to go and on 474 00:28:19,680 --> 00:28:23,640 Speaker 2: that particular day again, December the nineteenth, so it's only 475 00:28:23,640 --> 00:28:26,560 Speaker 2: going to be about what was it nineteenth, It says, well, 476 00:28:26,600 --> 00:28:30,280 Speaker 2: actually six days before Christmas. That's a little bit late 477 00:28:30,280 --> 00:28:32,200 Speaker 2: in the month, but generally it's a little bit closer 478 00:28:32,200 --> 00:28:34,399 Speaker 2: to the beginning of the month. But hopefully a lot 479 00:28:34,440 --> 00:28:37,200 Speaker 2: of people will be able to attend that and very 480 00:28:37,240 --> 00:28:41,400 Speaker 2: worthwhile cause getting to last Friday, there were some numbers 481 00:28:41,400 --> 00:28:44,840 Speaker 2: coming out from the National Association of Realtors and it 482 00:28:44,960 --> 00:28:48,960 Speaker 2: was interesting to see how some of these things were 483 00:28:49,160 --> 00:28:53,480 Speaker 2: covered in terms of who said what and what was 484 00:28:53,520 --> 00:28:57,640 Speaker 2: covered and so on existing home sales. Now, this is 485 00:28:57,760 --> 00:29:02,040 Speaker 2: doctor Lawrence Ewn. He is the chief Economists. Wage growth 486 00:29:02,240 --> 00:29:08,440 Speaker 2: is outpacing home price gains, which improved housing affordability. Still, 487 00:29:08,800 --> 00:29:13,600 Speaker 2: future affordability could be hampered if housing supply fails to 488 00:29:13,760 --> 00:29:18,440 Speaker 2: keep pace with demand. Existing home sales were up month 489 00:29:18,480 --> 00:29:22,080 Speaker 2: over month point five percent, one half of one percent 490 00:29:22,520 --> 00:29:26,400 Speaker 2: four point one three million homes existing homes now year 491 00:29:26,520 --> 00:29:30,720 Speaker 2: over year, that was one percent down. Now as far 492 00:29:30,760 --> 00:29:35,480 Speaker 2: as homes for sale month over month was down five 493 00:29:35,560 --> 00:29:40,240 Speaker 2: point nine percent from the previous month. However, on an 494 00:29:40,280 --> 00:29:43,920 Speaker 2: annual basis so far year over year, the number of 495 00:29:43,960 --> 00:29:47,800 Speaker 2: homes for sale is up seven point five. They talk 496 00:29:47,840 --> 00:29:50,959 Speaker 2: about in terms of months of supply. As far as 497 00:29:51,000 --> 00:29:55,320 Speaker 2: November home sales, four point two months supply is on hand. 498 00:29:55,720 --> 00:30:00,239 Speaker 2: That is down from four point four in actually up 499 00:30:00,280 --> 00:30:02,520 Speaker 2: a little bit from November at three point eight, but 500 00:30:02,680 --> 00:30:05,880 Speaker 2: down from four point four in October. So some of 501 00:30:05,920 --> 00:30:08,239 Speaker 2: the stuff going on in the housing market, there's some 502 00:30:08,280 --> 00:30:10,880 Speaker 2: things in this article we need to talk about. We'll 503 00:30:10,920 --> 00:30:14,560 Speaker 2: pick that up coming up. I'm Kevin Gordon, Americas Struck 504 00:30:14,600 --> 00:30:20,200 Speaker 2: In Network seven hundred Wlwright. 505 00:30:19,400 --> 00:30:25,560 Speaker 1: News Radio seven hundred WLW, and iHeartRadio Station Guarantee Human 506 00:30:26,000 --> 00:30:27,720 Speaker 1: seven hundred WLW. 507 00:30:27,920 --> 00:30:29,720 Speaker 2: I heard radio. 508 00:30:29,960 --> 00:30:33,200 Speaker 5: Run a business and not thinking about radio think again, 509 00:30:33,720 --> 00:30:36,240 Speaker 5: because more people are listening to the radio on iHeart 510 00:30:36,240 --> 00:30:39,200 Speaker 5: today than they were twenty years ago. And only iHeart 511 00:30:39,200 --> 00:30:43,560 Speaker 5: broadcast radio connects with more Americans than TV, digital, social, 512 00:30:43,720 --> 00:30:46,960 Speaker 5: any other media, even twice as many teens than TikTok, 513 00:30:47,320 --> 00:30:50,360 Speaker 5: and that reach means everything. Just think about the universal 514 00:30:50,400 --> 00:30:53,680 Speaker 5: marketing formula. The number of consumers who hear your message 515 00:30:53,800 --> 00:30:57,680 Speaker 5: times the response rate equals the results. Now, let's get 516 00:30:57,680 --> 00:31:01,520 Speaker 5: those results growing for your business. Radio's here now more 517 00:31:01,560 --> 00:31:05,240 Speaker 5: than ever, and Iheart's leading the way. Think radio can 518 00:31:05,280 --> 00:31:10,400 Speaker 5: help your business. Think iHeart streaming, podcasting and radio where 519 00:31:10,440 --> 00:31:14,000 Speaker 5: the reach is real. Let us show you at iheartadvertising 520 00:31:14,040 --> 00:31:18,040 Speaker 5: dot Com. That's Iheartadvertising dot com. Or call eight four 521 00:31:18,160 --> 00:31:21,400 Speaker 5: four eight four four iHeart one more time. Just call 522 00:31:21,520 --> 00:31:24,800 Speaker 5: eight four four eight four four iHeart and get radio 523 00:31:24,880 --> 00:31:25,320 Speaker 5: working for you. 524 00:31:25,520 --> 00:31:29,080 Speaker 2: Burn personalized savings on commercial truck insurance with smart Haul 525 00:31:29,200 --> 00:31:33,880 Speaker 2: from Progressive in Surrey variety of commercial vehicle one hundred WLW. 526 00:31:33,920 --> 00:31:38,040 Speaker 2: I'm Kevin Gordon getting to this National Associated of Realtors, 527 00:31:38,120 --> 00:31:44,200 Speaker 2: National Association Realtors, and they're monthly sales monthly numbers. The 528 00:31:44,280 --> 00:31:48,640 Speaker 2: headline National Associated Realtors Existing home sales reports showed zero 529 00:31:48,640 --> 00:31:53,840 Speaker 2: point five percent increase in November. Now another headline, US 530 00:31:53,880 --> 00:31:58,640 Speaker 2: existing home sales edge up in November as mortgage rates ease. Now, 531 00:31:58,840 --> 00:32:01,880 Speaker 2: what have I been saying all along that interest rates 532 00:32:01,960 --> 00:32:06,000 Speaker 2: are holding back this economy. Lower interest rates, more people 533 00:32:06,040 --> 00:32:09,240 Speaker 2: will jump into the market and more people will buy homes, 534 00:32:09,560 --> 00:32:12,280 Speaker 2: and that is good for the economy. It's very good 535 00:32:12,640 --> 00:32:16,600 Speaker 2: support of the GDP numbers, which will be out some 536 00:32:17,120 --> 00:32:20,720 Speaker 2: believe tomorrow later on today, I believe, if memory serves 537 00:32:20,720 --> 00:32:24,400 Speaker 2: me correct. But anyway, when they get into the specifics 538 00:32:24,440 --> 00:32:26,400 Speaker 2: here in terms of where some of the growth is 539 00:32:26,720 --> 00:32:29,480 Speaker 2: a month over months, sales increased in the northeast and 540 00:32:29,600 --> 00:32:34,360 Speaker 2: south showed let me see, sales increased in the northeast 541 00:32:34,840 --> 00:32:39,240 Speaker 2: and south, showed no change in the west, and fell 542 00:32:38,600 --> 00:32:42,600 Speaker 2: in the midwest. Year over year sales showed no change 543 00:32:42,640 --> 00:32:46,480 Speaker 2: in the northeast and south and decreased in the Midwest 544 00:32:46,480 --> 00:32:50,640 Speaker 2: and west. Now, according to again Lawrence Young, he is 545 00:32:50,720 --> 00:32:57,640 Speaker 2: the National Association Realtor's chief economist, existing home sales increased 546 00:32:57,760 --> 00:33:01,440 Speaker 2: for a third straight month due to two lower mortgage 547 00:33:01,520 --> 00:33:07,400 Speaker 2: rates this autumn. That is huge. The fact that interest 548 00:33:07,480 --> 00:33:11,080 Speaker 2: rates are coming down and more people are jumping in 549 00:33:11,720 --> 00:33:14,760 Speaker 2: that is good for the economy. Again, when you have 550 00:33:14,840 --> 00:33:18,000 Speaker 2: somebody who does not own a home that they're renting, 551 00:33:18,560 --> 00:33:22,240 Speaker 2: and in some cases the rent is more than the 552 00:33:22,280 --> 00:33:25,720 Speaker 2: mortgage would be on that property, and for them to 553 00:33:25,920 --> 00:33:29,960 Speaker 2: jump away from that into a home, generally the home 554 00:33:30,080 --> 00:33:33,640 Speaker 2: is bigger. They're going to buy more furniture, they're going 555 00:33:33,680 --> 00:33:36,920 Speaker 2: to be buying appliances, they're going to be buying all 556 00:33:37,000 --> 00:33:39,480 Speaker 2: kinds of stuff to fill that home up. And so 557 00:33:40,080 --> 00:33:42,760 Speaker 2: if they're spending less as far as a mortgage is 558 00:33:42,840 --> 00:33:45,880 Speaker 2: concerned versus what they're paying in rent, they will have 559 00:33:46,000 --> 00:33:49,920 Speaker 2: more disposable income for that and instead of paying a landlord, 560 00:33:50,160 --> 00:33:54,960 Speaker 2: they're paying less on a mortgage. But then they're also 561 00:33:55,040 --> 00:33:59,120 Speaker 2: having more money available for disposable income. And so that 562 00:33:59,280 --> 00:34:02,720 Speaker 2: again star's boosting the economy. And when the interest rates 563 00:34:02,760 --> 00:34:06,080 Speaker 2: come down, then people can afford to get into the market, 564 00:34:06,160 --> 00:34:09,600 Speaker 2: because again with interest rates high, with the amount of 565 00:34:09,680 --> 00:34:12,680 Speaker 2: the value of these homes up, a lot of people 566 00:34:13,000 --> 00:34:16,200 Speaker 2: are not able to qualify for that based on their income. 567 00:34:16,640 --> 00:34:19,720 Speaker 2: And what we've talked about in the past, I've talked 568 00:34:19,719 --> 00:34:23,680 Speaker 2: about that on this program, the difference between your monthly 569 00:34:23,719 --> 00:34:29,600 Speaker 2: payment at in terms of a particular income level, what 570 00:34:29,680 --> 00:34:33,160 Speaker 2: you can afford based on a three percent mortgage versus 571 00:34:33,160 --> 00:34:36,600 Speaker 2: a six and a half percent mortgage is astronomical. It's 572 00:34:36,640 --> 00:34:39,600 Speaker 2: about a seven hundred to eight hundred dollars difference. So 573 00:34:39,640 --> 00:34:43,200 Speaker 2: if you're coming from a rental property and that price 574 00:34:43,280 --> 00:34:46,399 Speaker 2: is coming down and you can get a lower interest rate, 575 00:34:46,880 --> 00:34:50,160 Speaker 2: that then gives you even more disposable income and more 576 00:34:50,200 --> 00:34:54,160 Speaker 2: people moving into the market. Now in here one of 577 00:34:54,160 --> 00:34:57,840 Speaker 2: the key features. Also when we hear from the spoon 578 00:34:57,880 --> 00:35:01,440 Speaker 2: fed regurgitators in the mainstream media about the softness of 579 00:35:01,480 --> 00:35:04,799 Speaker 2: the economy, they start talking about, oh, you know, unemployment 580 00:35:04,840 --> 00:35:07,160 Speaker 2: is up, which, by the way, I am not buying 581 00:35:07,200 --> 00:35:11,080 Speaker 2: this crap of this four point six percent unemployment rate. 582 00:35:11,400 --> 00:35:13,839 Speaker 2: I think when they adjust that, when they find out 583 00:35:13,880 --> 00:35:15,960 Speaker 2: what the real number is, it's going to be closer 584 00:35:16,040 --> 00:35:19,400 Speaker 2: down to around four point three four point four percent, 585 00:35:19,640 --> 00:35:22,399 Speaker 2: which is a heck of a lot less because we 586 00:35:22,400 --> 00:35:25,040 Speaker 2: were at four point one throughout most of the year 587 00:35:25,120 --> 00:35:27,680 Speaker 2: than it jumped up slightly to four point two than 588 00:35:27,719 --> 00:35:31,520 Speaker 2: to four point three. I think the current unemployment rate 589 00:35:31,640 --> 00:35:34,399 Speaker 2: is probably closer to that than the four point six 590 00:35:34,480 --> 00:35:38,040 Speaker 2: that they're reporting. Now. One of the key features in 591 00:35:38,080 --> 00:35:41,680 Speaker 2: here that they point out is that with distressed property 592 00:35:41,760 --> 00:35:45,919 Speaker 2: sales at historic lows and the housing wealth at all 593 00:35:46,040 --> 00:35:49,960 Speaker 2: time highs, homeowners are in no rush to list their 594 00:35:50,000 --> 00:35:56,680 Speaker 2: properties during these winter months. Now. Distressed properties are where 595 00:35:57,040 --> 00:36:02,080 Speaker 2: people are foreclosures, people are behind, they're about ready to 596 00:36:02,120 --> 00:36:06,399 Speaker 2: lose their home. If they are at historic lows, then 597 00:36:06,440 --> 00:36:10,239 Speaker 2: that means that people aren't struggling to pay their mortgages. 598 00:36:11,000 --> 00:36:14,399 Speaker 2: We saw a lot of distressed homes back in the 599 00:36:14,719 --> 00:36:17,759 Speaker 2: housing crisis back in two thousand and eight to two 600 00:36:17,840 --> 00:36:22,440 Speaker 2: thousand and ten. Basically, we saw distressed homes back during 601 00:36:22,560 --> 00:36:26,000 Speaker 2: COVID to a certain extent, except that some of these 602 00:36:26,280 --> 00:36:29,440 Speaker 2: recovery programs for banks were given to where people could 603 00:36:29,520 --> 00:36:34,040 Speaker 2: refinance or postpone payments, or the companies would actually work 604 00:36:34,080 --> 00:36:37,440 Speaker 2: with them in order to reassess the loans or to 605 00:36:38,280 --> 00:36:43,880 Speaker 2: actually do a refinance type of thing that was available. 606 00:36:44,360 --> 00:36:47,160 Speaker 2: In some instances, they took some of the payments that 607 00:36:47,200 --> 00:36:49,720 Speaker 2: hadn't been made and add those on to the tail 608 00:36:49,920 --> 00:36:52,840 Speaker 2: end of the mortgage, so extended the length of the 609 00:36:52,880 --> 00:36:55,280 Speaker 2: mortgage a little bit more, but at the same current 610 00:36:55,320 --> 00:36:58,640 Speaker 2: interest rate. And in some cases I saw where some 611 00:36:58,680 --> 00:37:02,239 Speaker 2: people actually kint a better interest rate than they originally 612 00:37:02,280 --> 00:37:07,400 Speaker 2: did so the fact that distressed homes property as that 613 00:37:07,680 --> 00:37:10,879 Speaker 2: historic lows is a good thing. In this they also 614 00:37:10,960 --> 00:37:13,600 Speaker 2: talk about, as has been the case throughout the year, 615 00:37:13,960 --> 00:37:18,680 Speaker 2: single family home sales outperformed condominium sales. In November, the 616 00:37:18,760 --> 00:37:22,279 Speaker 2: typical price of a sold condo was thirteen point five 617 00:37:22,320 --> 00:37:25,320 Speaker 2: percent lower than the typical price of a single home 618 00:37:25,400 --> 00:37:30,200 Speaker 2: family home. Well, in most instances, your condos are smaller 619 00:37:30,520 --> 00:37:33,799 Speaker 2: square footage than what a normal house would be. So 620 00:37:33,840 --> 00:37:36,520 Speaker 2: if you're talking about a I mean, I don't know, 621 00:37:36,560 --> 00:37:39,279 Speaker 2: they don't mention what the average square footage of a 622 00:37:39,360 --> 00:37:42,239 Speaker 2: condominium is. But from what I see around the Greater 623 00:37:42,360 --> 00:37:45,799 Speaker 2: Sins a northern Kentucky area, a place I'm most familiar with, 624 00:37:46,239 --> 00:37:49,800 Speaker 2: most of the condos are between fifteen hundred to maybe 625 00:37:49,880 --> 00:37:53,080 Speaker 2: two thousand square feet. Most homes I think in the area, 626 00:37:53,160 --> 00:37:55,600 Speaker 2: or at least in the neighborhood where I live, are 627 00:37:55,640 --> 00:37:58,880 Speaker 2: probably more in the neighborhood of two twenty five hundred 628 00:37:58,880 --> 00:38:02,080 Speaker 2: and maybe three thousand square feet. So again, obviously the 629 00:38:02,160 --> 00:38:04,840 Speaker 2: price for the condo is going to be less because 630 00:38:04,840 --> 00:38:07,960 Speaker 2: you're talking about less square footage. So in and of itself, 631 00:38:08,000 --> 00:38:10,799 Speaker 2: that's not too bad. Now, skipping through some of the 632 00:38:10,840 --> 00:38:14,080 Speaker 2: stuff in here. One of the things that was interesting. 633 00:38:14,160 --> 00:38:17,120 Speaker 2: They're talking about some of the statistics having to do 634 00:38:17,200 --> 00:38:20,680 Speaker 2: with homes. Thirty six days medium time on the market 635 00:38:20,719 --> 00:38:24,160 Speaker 2: for properties, up from thirty four days last month. I 636 00:38:24,160 --> 00:38:27,799 Speaker 2: don't really think, well, unless you're in a situation where 637 00:38:27,800 --> 00:38:31,600 Speaker 2: you've already bought a home and you're now carrying two mortgages, 638 00:38:31,840 --> 00:38:34,840 Speaker 2: thirty six days on the market is probably bad. But 639 00:38:35,239 --> 00:38:39,640 Speaker 2: for the most part, most homes from what I've been once, 640 00:38:39,880 --> 00:38:43,480 Speaker 2: what I've experienced, is generally around that time. Thirty percent 641 00:38:43,600 --> 00:38:47,400 Speaker 2: of homes were first time home buyers, unchanged from November, 642 00:38:47,520 --> 00:38:50,080 Speaker 2: which is a good thing because as people move out 643 00:38:50,200 --> 00:38:54,720 Speaker 2: of existing rental spaces and moving in there, they buy 644 00:38:54,920 --> 00:38:58,560 Speaker 2: more stuff to fill that house and to equip the house. 645 00:38:58,840 --> 00:39:02,280 Speaker 2: Twenty seven percent of transactions were all cash. Eighteen percent 646 00:39:02,320 --> 00:39:06,480 Speaker 2: of transactions were individual investors or second home buyers. So 647 00:39:06,520 --> 00:39:09,680 Speaker 2: that's eighteen percent of the market, sixteen percent last month. 648 00:39:09,960 --> 00:39:13,320 Speaker 2: Two percent of again, as I mentioned in the previous paragraph, 649 00:39:13,520 --> 00:39:17,760 Speaker 2: two percent of sales were distressed sales, foreclosures or short sales, 650 00:39:18,120 --> 00:39:20,920 Speaker 2: unchanged from a month ago. So that would show that 651 00:39:20,960 --> 00:39:24,280 Speaker 2: the economy is relatively strong. Not a lot of people 652 00:39:24,560 --> 00:39:27,839 Speaker 2: are underwater as far as their homes are concerned. They're 653 00:39:27,840 --> 00:39:31,080 Speaker 2: not behind on their payments and they're making their mortgage payments. 654 00:39:31,280 --> 00:39:34,480 Speaker 2: So if the economy were bad, that number would be 655 00:39:34,800 --> 00:39:37,200 Speaker 2: more than two percent, and there would be a heck 656 00:39:37,239 --> 00:39:41,480 Speaker 2: of lot more quote distressed homes on the market. Mortgage rates, 657 00:39:41,840 --> 00:39:46,160 Speaker 2: the average thirty year fixed rate is six point twenty 658 00:39:46,280 --> 00:39:51,320 Speaker 2: four percent. That's down from six point two five percent, 659 00:39:51,640 --> 00:39:54,200 Speaker 2: not much in October, but at the beginning of the 660 00:39:54,320 --> 00:39:57,160 Speaker 2: year that number was six point eight one. And I 661 00:39:57,200 --> 00:40:01,560 Speaker 2: saw a statistic and it was that, let's see, in 662 00:40:01,680 --> 00:40:06,920 Speaker 2: mid January, interest rates were at seven point oh four percent, 663 00:40:07,000 --> 00:40:09,839 Speaker 2: so they were just above seven percent, and you take 664 00:40:09,880 --> 00:40:13,280 Speaker 2: that one percent off of a home loan the mortgage, 665 00:40:13,440 --> 00:40:17,399 Speaker 2: and you see a dramatic difference in terms of price. Now, 666 00:40:17,440 --> 00:40:20,960 Speaker 2: this was interesting. Not sure what he's saying here. The 667 00:40:21,000 --> 00:40:24,720 Speaker 2: existing home sales figures suggest that the drop in mortgage 668 00:40:24,760 --> 00:40:29,000 Speaker 2: rates in recent months has nudged demand up somewhat, but 669 00:40:29,160 --> 00:40:33,680 Speaker 2: not by enough to signal meaningful turnaround. Now, I'm not 670 00:40:33,760 --> 00:40:38,719 Speaker 2: sure if it's because the interest rates have been more meaningful. 671 00:40:39,320 --> 00:40:42,320 Speaker 2: If the interest rate cuts had been more meaningful, whether 672 00:40:42,520 --> 00:40:46,040 Speaker 2: they would have been inclined to move. Now, that's something 673 00:40:46,239 --> 00:40:50,080 Speaker 2: that you know, again they don't explain in the particular story. 674 00:40:50,440 --> 00:40:52,480 Speaker 2: Let me see if I got time to squeeze this in. 675 00:40:53,040 --> 00:40:55,920 Speaker 2: There was one other thing in here that was kind 676 00:40:55,920 --> 00:40:59,080 Speaker 2: of confusing because they were saying that people are reluctant 677 00:40:59,160 --> 00:41:03,200 Speaker 2: to move and because of the uncertainty as far as 678 00:41:03,239 --> 00:41:06,719 Speaker 2: the job market is concerned. Now, what wasn't clear is 679 00:41:06,760 --> 00:41:10,440 Speaker 2: that whether or not that affects people that are not 680 00:41:10,719 --> 00:41:13,799 Speaker 2: into a home wanting to get into a home, or 681 00:41:13,880 --> 00:41:16,560 Speaker 2: people that are in a home that want to upgrade. 682 00:41:16,840 --> 00:41:19,840 Speaker 2: That was left on Uh, you know, that question was 683 00:41:19,920 --> 00:41:23,360 Speaker 2: left unanswered. But anyway, well, we're up against clock, my friends, 684 00:41:23,440 --> 00:41:25,120 Speaker 2: stay tuned for Red Eye Radio at the top of 685 00:41:25,160 --> 00:41:28,680 Speaker 2: the hour. I'm Kevin Gordon, America's Truck and Network seven 686 00:41:28,760 --> 00:41:30,320 Speaker 2: hundred WLW