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Speaker 1: This is America's Trucking Network with Kevin Gordon.

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Speaker 2: Well More.

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Speaker 3: Thanks for tuning in as we begin our week here

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Speaker 3: on America's truck and Network, the show that is the

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Speaker 3: exception to the rule that nothing good happens after midnight. Well,

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Speaker 3: a little bit of an update here on Hurricane Melissa.

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Speaker 3: She seems to be kicking up her heels down in

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Speaker 3: the Caribbean.

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Speaker 4: As we talked about last week that.

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Speaker 3: It was approaching what had hit hurricane status, but it

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Speaker 3: now is a category five. It is turning northward. Catastrophic

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Speaker 3: and life threatening winds, flooding and storm surge expected on

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Speaker 3: Jamaica early today and later on this morning. Now, the

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Speaker 3: trajectory of this, it appeared originally that it was going

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Speaker 3: to head north and look like it was going to

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Speaker 3: head towards the southern tip of Florida, around the Florida

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Speaker 3: Keys thereabouts. It looks like now that it's going to

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Speaker 3: be veering off westward and only going to be hitting

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Speaker 3: the I'm sorry eastward rather and hitting the east portion

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Speaker 3: of Cuba. Now nobody's talking about this yet, However, you're

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Speaker 3: going to be hearing it here on America's Trucking Network.

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Speaker 3: That is the area down in the southern tip of

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Speaker 3: the southeastern portion of Cuba is where our Guantanamo Bay

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Speaker 3: facility is there, and it's the only portion of Cuba

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Speaker 3: that is owned by the United States, and we've maintained

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Speaker 3: that for a number of years, even you know, during

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Speaker 3: the communist regime and cast throw and all that, and

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Speaker 3: that's where a lot of these how should we say,

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Speaker 3: illegal deportees or the more I guess more dangerous criminals

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Speaker 3: are being held. So it's going to be interesting to

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Speaker 3: see how that works out if this does in fact

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Speaker 3: go in that direction. But right now, it looks like

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Speaker 3: it's going to be hitting Jamaica. It's going to be

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Speaker 3: some storm surges there. And if it goes in the

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Speaker 3: trajectory that, it looks like it's going to take this

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Speaker 3: eastwardly bent and maybe hit the south and the eastern

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Speaker 3: tip of Cuba. So we'll keep an eye on that.

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Speaker 3: Some interesting thing we got this notification. We've got not

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Speaker 3: a notification, but we got a latest release of a

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Speaker 3: study from American Transportation Research Institute.

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Speaker 4: And some interesting things in there.

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Speaker 3: It's the for the third year in a row they

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Speaker 3: actually do their top industry concerns where they send out

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Speaker 3: the survey, and maybe a lot of you have participated

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Speaker 3: in that, but they release this just the other day.

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Speaker 3: As a matter of fact, American Transportation Research Institute at RII,

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Speaker 3: the Trucking Institute's not for profit research organization, released the

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Speaker 3: twenty first annual Top Industry Issue Report, identifying the trucking

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Speaker 3: industries leading issues. This year's list include the economy, which

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Speaker 3: you know, a lot of people will ask me that

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Speaker 3: aren't familiar with the trucking industry or people that listen,

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Speaker 3: why do you add why do you talk about the

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Speaker 3: economy so much? And i'm it's the thing that affects

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Speaker 3: the truckers. It's the thing that affects you out there.

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Speaker 3: If the economy is not doing well, there's not going

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Speaker 3: to be those number of loads for you to be carrying.

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Speaker 3: People aren't going to be buying stuff from stores, which

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Speaker 3: means that the shells aren't going to have to be filled,

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Speaker 3: which means they're going to be less trucks on the

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Speaker 3: road filling bringing the goods to these locations. And for

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Speaker 3: people that aren't aware of this, seventy two percent of

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Speaker 3: everything you see on the shelves out there are brought

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Speaker 3: to you by a truck. And as people pointed out

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Speaker 3: to me at the Mid America Trucking Associate or Trucking

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Speaker 3: Show this past March, a lot of people came up

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Speaker 3: to the booth and said, hey, you know, a lot

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Speaker 3: of people keep talking about that seventy two percent figure.

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Speaker 3: But if you take into consideration everything and every part

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Speaker 3: of the economy, everything at some point in time.

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Speaker 4: Touches a truck.

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Speaker 3: And the stuff that you don't see in terms of

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Speaker 3: the service areas like stuff being delivered to hospital, the

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Speaker 3: supplies that are delivered to hospitals, the supplies that are

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Speaker 3: delivered to stores, you know, cleaning supplies, mops, buckets, that

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Speaker 3: type of thing, which aren't the items that are actually

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Speaker 3: on the shelves. Those are all brought to those locations

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Speaker 3: by a truck at all. Also, so when you add

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Speaker 3: all that into there, there is a tremendous amount and

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Speaker 3: the truck well, most everybody that knows anything about anything

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Speaker 3: realizes how important the trucking industry is. A lot of

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Speaker 3: people learn that lesson the hard way during the pandemic,

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Speaker 3: when some of the shores the shelves were empty and

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Speaker 3: people were saying, well, gee, whiz, what happened and where

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Speaker 3: is everything. Well, trucks didn't get here or the stuff

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Speaker 3: isn't available at the facility to be transported here, and

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Speaker 3: so the trucking industry delivering good during that period of time.

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Speaker 3: Actually we're treated as heroes a lot of times, and

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Speaker 3: as soon as the plandemic was over, it's back to

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Speaker 3: the same old, same old. You know, it's just no

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Speaker 3: respect for the trucking industry at all. So again people

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Speaker 3: need to realize that not only the importance of the

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Speaker 3: trucking industry to the stuff getting there on the shelves,

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Speaker 3: but also the stuff that's getting to the individual locations

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Speaker 3: for other supplies. As I mentioned hospital, the betting, the sheets,

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Speaker 3: all the stuff is being cleaned and then the cleaning

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Speaker 3: supplies themselves, so very important.

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Speaker 4: Okay.

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Speaker 3: Top issues on the list is Economic and the Economy,

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Speaker 3: lawsuit abuse reform, insurance costs and availability and truck Parking.

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Speaker 3: List also debuts for the first time four new issues

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Speaker 3: on that list. Two of them, as they say here

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Speaker 3: in the opening paragraph English language proficiency for drivers and

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Speaker 3: Artificial Intelligence and Trucking. Andy Owens, a and M Transport president, said,

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Speaker 3: we're in the third year of an extended freight recession

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Speaker 3: and the pain is real.

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Speaker 4: Now.

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Speaker 3: Any of you that have been involved in the trucking

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Speaker 3: industry for a number of years, you realize and you know,

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Speaker 3: and you've experienced the ups and downs in the trucking industry.

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Speaker 4: There are certain periods of.

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Speaker 3: Time where there's a certain amount of a freight recession,

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Speaker 3: especially in recessionary times. However, as a result of the plandemic,

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Speaker 3: we have got a unique situation in the trucking industry

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Speaker 3: as far as a trucking recession, because a lot of

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Speaker 3: during the pandemic, a lot of additional truckers came into

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Speaker 3: the business thinking, Hey, you know, I've got a CDO license,

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Speaker 3: I can buy a truck, and I can get into

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Speaker 3: this business. And it seems like people are making a

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Speaker 3: lot of money, so I'm going to jump on board,

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Speaker 3: so to speak. And so there has been a little

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Speaker 3: bit of a oversupply of trucks, oversupply of availability, and

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Speaker 3: so the freight rates have come down tremendously, and of

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Speaker 3: course the operating costs have gone up, as you're aware of.

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Speaker 3: So there's been this squeeze as far as the trucking recession.

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Speaker 3: Usually these trucking recessions last anywhere from twelve to fourteen months,

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Speaker 3: maybe eighteen months on the outside. But we are now

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Speaker 3: into the third year of it, it seems and every

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Speaker 3: time you turn around, there seems like there's a light

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Speaker 3: at the end of the tunnel, and once then eventually

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Speaker 3: so it seems like that light dims and gets further away.

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Speaker 3: But a lot of people are anticipating. I'm seeing more

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Speaker 3: and more stories about people being encouraged of what they're

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Speaker 3: seeing and what they're anticipating over the next six months

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Speaker 3: to be and then going on into twenty twenty six,

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Speaker 3: well the last few months of this year as I'm thinking,

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Speaker 3: but also the first part of twenty twenty six, so

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Speaker 3: people are very getting more optimistic about that. So looking

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Speaker 3: through this, according to Andy Owen's third year of an

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Speaker 3: extended freight recession, operating costs, operating costs climbed to their

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Speaker 3: highest ever the same time the freight pricing has bottomed out.

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Speaker 3: Atr eyesnual analysis is so critical to our industry to

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Speaker 3: not only quantify the issues, but more importantly, to understand

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Speaker 3: what we can collectively do as an industry to address

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Speaker 3: each The economy came in at number one lawsuit abuse, reform,

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Speaker 3: and insurance costs and availability each rose one spot to

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Speaker 3: be number two and number three of the top concerns.

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Speaker 3: Lack of available truck parking dropped two spots this year

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Speaker 3: to number four, and concern over driver compensation held on

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Speaker 3: to its position at number five. Driver training standard had

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Speaker 3: been on the list of truck drivers concerns since twenty nineteen,

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Speaker 3: but this year garnered enough votes to across all across

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Speaker 3: all respondents to come in at number nine, which is

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Speaker 3: now the addition to the list. So rounding out to

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Speaker 3: give you an idea again the top ten. The economy

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Speaker 3: came in at number one, lawsuit abuse two, insurance costs

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Speaker 3: and availability three, truck parking for driver compensation five. CSA

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Speaker 3: came in at number six. English language proficiency came in

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Speaker 3: at number seven. Diesel emission regulations That was the other

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Speaker 3: the fourth of the items that got onto the list,

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Speaker 3: different from any of the prior years because there's been

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Speaker 3: this discussion as far as the EPA is concerned, what

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Speaker 3: they're going to be rolling back as far as emissions

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Speaker 3: and then how that's going to affect the model year

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Speaker 3: trucks that for twenty twenty seven and for some of

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Speaker 3: the model trucks coming in in twenty twenty six, because

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Speaker 3: a lot of that regulations that have been puted and

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Speaker 3: placed on that are already in the works. Some of

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Speaker 3: that can't be pulled back, some of it can be

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Speaker 3: stalled or whatever. So it's going to be interesting to

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Speaker 3: see how these truck emissions and the regulations on that turnout. Finally,

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Speaker 3: driver Training Standards and artificial Intelligence and trucking came in

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Speaker 3: at number ten. We'll pick this up a little bit

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Speaker 3: and get into some other things. I'm Kevin Gordon, America's

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Speaker 3: Trucking Network seven hundred w LW.

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Speaker 2: We need.

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Speaker 5: This is the briefing reward on America's truck and Network

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Speaker 5: on seven hundred WLW.

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Speaker 6: Championship Weekend is upon us in. NASCAR will hand out

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Speaker 6: twenty twenty five titles Friday, Saturday and Sunday Friday. The

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Speaker 6: four drivers vying for the twenty twenty five NASCAR Crafts

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Speaker 6: and Truck Series title will be Corey Heim, ty Majeski,

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Speaker 6: Tyler Ankram, and also Caden Honeycut Saturday and the run

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Speaker 6: for the Xfinity Series title. It's the four going for

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Speaker 6: the championship include Jesse Love Carson Kwaffle, also Connor Zilich

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Speaker 6: and Justin Algeyer. The Cup Series title on Sunday matches

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Speaker 6: the winningest drivers of the season Denny Hamblin with six wins,

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Speaker 6: Kyle Larson, Chase Briscoe and William Byron each with three

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Speaker 6: on the season.

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Speaker 5: We need this is the briefing reward on America's Truck

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Speaker 5: and Network on seven hundred WLW.

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Speaker 7: Say Dennison, a t N no word in the English

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Speaker 7: language is less convincing than probably.

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Speaker 2: Are you sure we should get matching tattoos on our

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Speaker 2: first date?

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Speaker 4: Sure?

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Speaker 5: Will probably stay together.

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Speaker 1: Probably, it's been.

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Speaker 2: Twenty three minutes since I ate.

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Speaker 4: I can probably swim.

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Speaker 7: You should wait thirty minutes.

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Speaker 4: Okay, I'll tell me what to do.

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Speaker 2: Can it ball?

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Speaker 6: Cramp?

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Speaker 2: I have a cramp?

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Speaker 4: I can probably hit the green from here?

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Speaker 2: Probably?

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Speaker 4: Can I get a Mulligan ready to go?

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Speaker 3: Hey?

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Speaker 4: Are you sure you're okay to drive?

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Speaker 2: Yeah?

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Speaker 4: I'm pretty sober. Yeah, I'm probably okay.

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Speaker 7: Probably okay isn't okay, especially when it comes to drinking

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Speaker 7: and driving. If you're drinking, call a cab, a car,

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Speaker 7: or a friend. Buzz driving is drunk driving. A message

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Speaker 8: They're just different than us. They have no inhibitions, consider

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Speaker 8: silverware optional, and can find fun anywhere. And when kids

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Speaker 8: get really sick, they're different than us too. Until now,

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Speaker 8: children diagnosed with blood cancer have been treated like many adults.

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Speaker 8: Not anymore. The Leukemia and Lymphoma Society proudly introduces the

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Speaker 8: Dare to Dream Project, transforming treatment and care through advocacy, education,

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Speaker 8: and the largest global clinical trial for kids with blood cancer.

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Speaker 8: For the first time, a specific treatment can be matched

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Speaker 8: to a specific type of cancer and a specific child.

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Speaker 8: It'll be the biggest medical advancement for little patients in history.

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Speaker 8: Dare to Dream with us support the Dare to Dream

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Speaker 8: Project and all the work that the Leukemia and Lymphoma

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Speaker 8: Society does at LLS dot org.

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Speaker 4: This is the sound of E. Coli splashing around in

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Speaker 4: raw Hamburger juice on your cutting.

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Speaker 9: Board and it looks like Mom, just put the tomatoes

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Speaker 9: and onions on there too.

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Speaker 2: Don't let ecoli mash with your food.

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Speaker 9: An estimated three thousand Americans die from a food borne

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Speaker 9: illness each year, so always separate raw meat from vegetables

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Speaker 9: on two cutting warrants.

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Speaker 4: Keep your family safe at Food Safety dot gov. Brought

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Speaker 4: to you by the USBA, HHS and thep.

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Speaker 5: Councilor America's veterans are on the tour of their lives

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Speaker 5: at dav OR, on a mission to help veterans of

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Speaker 5: all generations get the benefits they've earned. Help us support

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Speaker 5: more victories for veterans. Go to dav dot org.

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Speaker 9: Colorectal cancer is now the leading cancer killer and man

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Speaker 9: under fifty, and the second leading cause of cancer death

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Speaker 9: for women under fifty. The American College of Radiology it

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Speaker 9: takes you to get screened starting at age twenty five.

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Speaker 9: Insurance companies are required to cover not only kolonoscopy, but

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Speaker 9: also virtual colonoscopy and other less invasive exams. Talk to

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Speaker 9: your doctor about your options. For more information on virtual colonoscopy,

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Speaker 9: physic radiologyinfo dot org, slash virtual CT.

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Speaker 3: I'm Kevin Gored in America's Trucking Network seven hundred WLW.

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Speaker 3: Finishing of our conversation here on this American Transportation Research

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Speaker 3: Institute study top ten trucking industry issues. And it's interesting

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Speaker 3: because when they do the survey. This survey goes out

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Speaker 3: not only the truckers, but people in the companies themselves.

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Speaker 3: Over forty six percent of the survey respondse where motor

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Speaker 3: carrier executives and personnel truck drivers represented thirty percent of

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Speaker 3: the remaining twenty three percent made up.

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Speaker 4: Of other freight stakeholders.

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Speaker 3: So again, you know, kind of a hint or whatever,

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Speaker 3: kind of a prompting to you that if you see

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Speaker 3: when you're looking at American Transportation Research Institute publications or

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Speaker 3: if you're reading certain things and you see that they're

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Speaker 3: asking for respondents to check in. As a matter of fact,

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Speaker 3: at the Mid America Trucking Association American Trucking Show back

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Speaker 3: in March, I had Rebecca Brewster on and we talked

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Speaker 3: about some of the surveys, and she mentioned at that

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Speaker 3: time how it's important and in order for them to

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Speaker 3: get a clear picture of what's going on in the

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Speaker 3: trucking industry that people participate in terms of some of

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Speaker 3: the surveys that they were putting together at the time

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Speaker 3: was the cost of operations and then some other things,

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Speaker 3: and especially this survey here. And so if you see

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Speaker 3: those surveys, take the time and fill it out because

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Speaker 3: again I understand being an independent trucker.

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Speaker 4: I know talking to some.

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Speaker 3: Of you, a lot of you either like or hate

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Speaker 3: the American American Trucking Associations. A lot of you have

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Speaker 3: good thoughts about oh Aida. Some have bad thoughts, bad experiences,

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Speaker 3: or so on. Part of the thing of being an

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Speaker 3: independent trucker is that you don't, as Graucho Marsch used

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Speaker 3: to say, I never want to be a member of

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Speaker 3: a group that would have me as a member. So

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Speaker 3: as you are an independent, you like your independence, and

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Speaker 3: so you don't want to be a member of a group. However,

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Speaker 3: when it comes to lobbying, when it comes to getting

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Speaker 3: stuff changed, when it comes to knowing that your voice

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Speaker 3: is being heard out there, the concerns that you have,

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Speaker 3: if you don't fill out these surveys, if you don't

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Speaker 3: participate in some of this stuff, if you don't take

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Speaker 3: the time to do the individual surveys, people aren't going

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Speaker 3: to know what your concerns are because as you can,

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Speaker 3: as you see in these surveys, when they come out,

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Speaker 3: they will talk about, well, the trucking people in the

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Speaker 3: trucking industry themselves, people that are the carrier executives and

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Speaker 3: corporate workers. They have different concerns than you have, and

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Speaker 3: so if this survey goes out and it's discussed in

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Speaker 3: the media, they may pay more attention to what you

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Speaker 3: know as far as Congress is concerned what these executives

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Speaker 3: are talking about, as opposed to what's important to you.

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Speaker 3: And of course truck parking, the economy and all those

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Speaker 3: things are very important to you. So again, over forty

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Speaker 3: six percent of the service the survey respondents, remoter carrier executives,

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Speaker 3: only thirty percent or the drivers. And you are the

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Speaker 3: backbone of this, and so you need to participate more

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Speaker 3: and more in these studies so that your concerns are

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Speaker 3: out there and people know what they are. I talk

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Speaker 3: about some of this legislation that goes on later on

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Speaker 3: in the week. I hope we can talk to get

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Speaker 3: in touch with Louis Pugh from Owner Operator Independent Driver

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Speaker 3: Association OWAIDA and talk about this licensing non domicile licenses

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Speaker 3: that are being issued, as well as the English language

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Speaker 3: proficiency and making sure that's enforced even though it's been

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Speaker 3: on the books. But we saw the crash last week

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Speaker 3: that we talked about. Three people died and then back

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Speaker 3: in August. Again, an English language proficiency person that couldn't

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Speaker 3: even pass the test, couldn't even identify any of the roads.

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Speaker 3: I think he could only identify what two out of

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Speaker 3: twelve had failed his driving test for the owner operator

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Speaker 3: or for the CDO license either.

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Speaker 4: Some reports said ten. I saw another.

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Speaker 3: Report that said he had failed thirteen times but still

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Speaker 3: managed to get a license within a two month period

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Speaker 3: of time. So I know these kinds of things, the regulations,

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Speaker 3: these things need to be enforced. And if they don't

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Speaker 3: hear from you, it's your voice isn't going to be heard.

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Speaker 3: So we'll be talking to Louis Pugh later on about that.

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Speaker 3: But again you've got to be and when I put

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Speaker 3: out the word in terms of some of these bills

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Speaker 3: that are before Congress, and I'll give out the phone

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Speaker 3: number of the switchboard, again, I got to emphasize that

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Speaker 3: it is a very easy process. Is probably one of

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Speaker 3: the best things that the government does is the legislator

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Speaker 3: of the Congressional switchboard, because that handles the calls both

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Speaker 3: for the House and for the Senate. All you have

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Speaker 3: to do is call there. All you have to do

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Speaker 3: is give your name where you're located. And even if

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Speaker 3: you don't know your senator or congressman, they know they

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Speaker 3: can tell you which one it is, and then you

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Speaker 3: can leave your message for them. Of course, leave it

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Speaker 3: courteously and that type of thing. But if they hear

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Speaker 3: from you, then that will change their vote or prompt

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Speaker 3: them to vote on certain issues that are important to

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Speaker 3: the trucking industry. And if you don't take advantage of that,

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Speaker 3: your voice isn't going to be heard again. Twenty three

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Speaker 3: percent made up of other freight stakeholders. Among truck drivers respondents,

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Speaker 3: driver compensation, truck parking in England language proficiency were the

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Speaker 3: top three concerns. So again re emphasizing driver compensation, truck parking,

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Speaker 3: and English language proficiency are your top three concerns. The

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Speaker 3: top three concerns here on the overall survey were economy,

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Speaker 3: lawsuit abuse, insurance costs. Truck parking came in at number four.

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Speaker 3: That's number two on your list. So again, as far

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Speaker 3: as a respondence concern, compensation, truck parking and English language

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Speaker 3: proficiency were the top three concerns.

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Speaker 4: As far as overall driver Let's.

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Speaker 3: See, English language was down there around number seven, so

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Speaker 3: the difference between the overall survey, and what's important to

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Speaker 3: you is the key here, and so for you to

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Speaker 3: participate in this and change the dynamics of this and

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Speaker 3: what people are focused on, you need to participate in

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Speaker 3: some of these surveys. Again, let's see get back to

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Speaker 3: this the driver Company Station lawsuit. Over forty two hundred

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Speaker 3: trucking industry stakeholders participated in this year's survey, a fourteen

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Speaker 3: percent increase over twenty twenty four responders including motor carriers,

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Speaker 3: truck drivers, industry suppliers, driver trainers, and law enforcement, among

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Speaker 3: other groups. The complete results and the course, you can

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Speaker 3: go to the website there and I'll put this on

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Speaker 3: Facebook and then a link there to where you can

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Speaker 3: download the overall survey itself.

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Speaker 4: And you can read it for yourself.

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Speaker 3: But these things are extremely important, and when these things

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Speaker 3: come out, make sure that you fill it out because again,

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Speaker 3: your concerns should be the top priority.

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Speaker 4: Other you're out there, you are where the rubber meets

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Speaker 4: the road. You are there on a day to day.

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Speaker 3: Basis, busting your hump to get this freight from one

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Speaker 3: place to another. And despite what maybe the company is

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Speaker 3: interested in, or law enforcement or these other people are

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Speaker 3: interested in your concerns should be top priority, and they

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Speaker 3: should be focused on that because with you, this economy crumbles.

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Speaker 3: So I can't emphasize that enough. Last week, again towards

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Speaker 3: the end of the week, we had that story about

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Speaker 3: that horrific crash that happened in California, killing three people

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Speaker 3: from a person that well, first of all, he was

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Speaker 3: illegal that had somehow gotten a driver's license in California

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Speaker 3: and couldn't speak English, couldn't pass the English language proficiency,

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Speaker 3: and was on top of it all intoxicated. They say that,

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Speaker 3: you know, some of the reports said that he was

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Speaker 3: on drugs, So again, being intoxicated, be under being under

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Speaker 3: the influence, and driving an eighty thousand pound vehicle got

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Speaker 3: you know, just horrific. And if you've seen the accident,

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Speaker 3: if you've seen that dashboard camera of that, it is

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Speaker 3: one of the most horrific accidents I've ever seen in

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Speaker 3: my life. But again that kind of pushed some of

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Speaker 3: the economic news off to the side. And of course

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Speaker 3: we had we talked about that, talked about it on

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Speaker 3: our friend Dan.

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Speaker 4: Carroll show, who precedes this show.

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Speaker 3: I was able to talk to him about that on

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Speaker 3: his program, and then did our show later on in

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Speaker 3: the evening. So again some of the economic news we

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Speaker 3: didn't get to. We'll get to that coming up. We

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Speaker 3: had Jobless Claim Weekly Jobless claims some interesting information on

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Speaker 3: interest rates and existing home sales. I'm Kevin Gordon, America

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Speaker 3: struck In Network seven hundred WLW.

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Speaker 2: News Traffic and Weather.

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Speaker 10: News Radio seven hundred w l W, Cincinnati.

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Speaker 11: Could we have a deal between the US and China?

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Speaker 11: One person says yes. Well, the twelve thirty reports I'm

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Speaker 11: Lee Mawin breaking now that one person and President Donald Trump,

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Speaker 11: who's announced framework to a deal has been agreed.

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Speaker 12: Upon more than six months after he launched his trade

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Speaker 12: war with China. President Trump now says a deal could

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Speaker 12: be at hand.

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Speaker 4: Nothing has been agreed to yet.

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Speaker 2: Well you do it. We feel good, I mean, we

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Speaker 2: feel good.

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Speaker 12: The administration says they've reached the framework of an agreement

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Speaker 12: that covers spetanyl in tariffs and includes a pledge by

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Speaker 12: China to resume buying American agriculture like soybeans, and to

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Speaker 12: loosen restrictions on their sale of rare earth minerals critical

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Speaker 12: for making smartphones and cars.

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Speaker 11: ABC News Senior Political corresponded Rachel Scott Now.

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Speaker 10: The Ladies forecast from the Train Heating and Cooling Weather

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Speaker 10: Center on news radio seven hundred WLW over ninety.

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Speaker 1: To night and scattered rain showers the low forty seven degrees.

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Speaker 1: It will be partly sunny on Tuesday with a high

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Speaker 1: of sixty, but that's the last break we get. Chance

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Speaker 1: of rain begins Tuesday night and then on Wednesday, we're

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Speaker 1: looking at essentially a washout with a high in the

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Speaker 1: low fifties. That's the forecast on news radio seven hundred

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Speaker 1: WLW fifty three degrees right now.

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Speaker 11: Still some light rain hovering around the Ohio River, Norfolk, Entucky,

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Speaker 11: southeastern Indiana, and southwestern Ohio, mainly across Claremont and Brown

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Speaker 11: Counties again fifty three. The Department of Hotland Security claims

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Speaker 11: they've arrested a threat to national security and a British

440
00:25:01,880 --> 00:25:04,679
Speaker 11: journalist and political commentator on Sunday.

441
00:25:04,720 --> 00:25:08,719
Speaker 13: British journalist and political commentator Sammy Hamdi was detained at

442
00:25:08,760 --> 00:25:12,280
Speaker 13: San Francisco International Airport. He had been speaking in Sacramento

443
00:25:12,320 --> 00:25:15,000
Speaker 13: and was heading to another event in Florida. The Department

444
00:25:15,040 --> 00:25:17,800
Speaker 13: of Homeland Security says he had his visa revoked because

445
00:25:17,840 --> 00:25:21,600
Speaker 13: Homdi poses a threat to national security. Rashad Norsey is

446
00:25:21,640 --> 00:25:25,640
Speaker 13: executive director of the Council on American Islamic Relations in Sacramento.

447
00:25:25,760 --> 00:25:28,720
Speaker 10: He has been publicly speaking about the genocide and Gaza.

448
00:25:28,880 --> 00:25:32,199
Speaker 13: In response to DHS saisose who support terrorism will not

449
00:25:32,240 --> 00:25:34,320
Speaker 13: be allowed to work or visit the US.

450
00:25:34,640 --> 00:25:38,120
Speaker 11: Alex Stone EBC News. Our next update is that one

451
00:25:38,520 --> 00:25:42,520
Speaker 11: I'mley Mawen. Who's video seven hundred WLW.

452
00:25:41,920 --> 00:25:43,000
Speaker 4: Johnny Knoxville Here.

453
00:25:43,119 --> 00:25:45,680
Speaker 3: Check out crime list Bill Billy Heist my new true

454
00:25:45,720 --> 00:25:47,240
Speaker 3: crime podcast.

455
00:25:46,960 --> 00:25:47,439
Speaker 4: The Truth.

456
00:25:55,280 --> 00:25:57,639
Speaker 14: Here's your trucking forecast for the Tri State and the

457
00:25:57,680 --> 00:25:59,359
Speaker 14: rest of the country. In the Tri State of a

458
00:25:59,400 --> 00:26:01,440
Speaker 14: night mostly with a slight chance of rain, the low

459
00:26:01,480 --> 00:26:04,600
Speaker 14: down to forty seven, partly Sunday, Tuesday high year sixty

460
00:26:04,840 --> 00:26:08,920
Speaker 14: rain Wednesday, a high fifty two. Thursday cloudy with rain

461
00:26:09,080 --> 00:26:11,200
Speaker 14: likely the first half of the day. Eyes again will

462
00:26:11,200 --> 00:26:14,200
Speaker 14: be in the lower fifties nationally through Tuesday on. Subtle

463
00:26:14,200 --> 00:26:16,879
Speaker 14: weather and cooler temperatures will continue across the southeast and

464
00:26:16,920 --> 00:26:21,480
Speaker 14: southern Appalachians, with some instances of isolated flash flooding possible. Meanwhile,

465
00:26:21,480 --> 00:26:24,040
Speaker 14: a new storm system organizing across the middle and lower

466
00:26:24,080 --> 00:26:27,920
Speaker 14: Mississippi Valley by midweek, with widespread showers and storms expected,

467
00:26:28,040 --> 00:26:29,960
Speaker 14: the central and eastern half of the country will start

468
00:26:29,960 --> 00:26:32,440
Speaker 14: to see below average temperatures on Tuesday.

469
00:26:34,720 --> 00:26:38,600
Speaker 3: Seven hundred WLW. I'm Kevin Gordon. This is America's Truck

470
00:26:38,600 --> 00:26:41,960
Speaker 3: and Network. America's truck and Network supports the mission of

471
00:26:42,080 --> 00:26:43,280
Speaker 3: Reese Across America.

472
00:26:43,680 --> 00:26:46,440
Speaker 4: You can hear us every truck and Tuesday.

473
00:26:45,920 --> 00:26:50,040
Speaker 3: At five am and ten am on Eastern on Reese

474
00:26:50,119 --> 00:26:54,600
Speaker 3: Across America Radio. Available on the iHeartRadio app. Search the

475
00:26:54,640 --> 00:27:01,200
Speaker 3: word Rease now that's wr EAHS for Reese Across America Radio.

476
00:27:01,480 --> 00:27:03,760
Speaker 3: And thank you to all our truckers for supporting the

477
00:27:03,840 --> 00:27:07,120
Speaker 3: mission of Reese Across America. And if you missed any

478
00:27:07,160 --> 00:27:10,080
Speaker 3: of our shows last week or any portion of the show,

479
00:27:10,320 --> 00:27:12,960
Speaker 3: hit up that iHeartRadio app brought to our brought to

480
00:27:12,960 --> 00:27:15,800
Speaker 3: you buyer friends at Rush Truck Centers, we got weekly

481
00:27:15,920 --> 00:27:17,720
Speaker 3: jobless claims increase.

482
00:27:19,760 --> 00:27:20,720
Speaker 4: I love this this.

483
00:27:21,680 --> 00:27:24,879
Speaker 3: I'm looking so forward to talking about this particular story

484
00:27:24,960 --> 00:27:27,960
Speaker 3: only because of the way they kind of jimmy the

485
00:27:28,040 --> 00:27:29,000
Speaker 3: numbers around here.

486
00:27:29,080 --> 00:27:29,600
Speaker 4: I don't watch.

487
00:27:29,760 --> 00:27:33,080
Speaker 3: The number of Americas filing new application for jobless benefits

488
00:27:33,320 --> 00:27:37,800
Speaker 3: increased last week economists estimated on Thursday, and more people

489
00:27:37,840 --> 00:27:42,080
Speaker 3: were collecting unemployment checks in early October amid easing labor

490
00:27:42,200 --> 00:27:46,479
Speaker 3: market conditions. Initial claims for state unemployment benefits now, I'm

491
00:27:46,480 --> 00:27:48,639
Speaker 3: going to give you the worst number first here. Okay,

492
00:27:48,840 --> 00:27:51,600
Speaker 3: initial job as claims for state unemployment benefits rose to

493
00:27:51,600 --> 00:27:54,800
Speaker 3: a seasonal adjusted two hundred and thirty two thousand. Now,

494
00:27:54,840 --> 00:27:58,080
Speaker 3: that's up five percent from last week October the eighteenth,

495
00:27:58,520 --> 00:28:01,640
Speaker 3: up from two hundred seventeen. Well, the number last week

496
00:28:01,720 --> 00:28:04,719
Speaker 3: was two hundred and seventeen. Apparently that got adjusted up

497
00:28:04,760 --> 00:28:07,560
Speaker 3: to two twenty, but they don't say when it was

498
00:28:07,600 --> 00:28:10,080
Speaker 3: adjusted or how it was adjusted, but anyway, they're using

499
00:28:10,119 --> 00:28:12,080
Speaker 3: the number of comparison of two hundred and twenty.

500
00:28:12,280 --> 00:28:12,560
Speaker 4: Now.

501
00:28:12,680 --> 00:28:15,639
Speaker 3: It's interesting that in the prior weeks because of the

502
00:28:15,680 --> 00:28:19,199
Speaker 3: government shut down, this information that is collected by the

503
00:28:19,240 --> 00:28:24,399
Speaker 3: states is available and uploaded to the US the Bureau

504
00:28:24,400 --> 00:28:27,679
Speaker 3: of Labor Statistics website, so people can still get on

505
00:28:27,800 --> 00:28:30,879
Speaker 3: there and see that. And so we have had JP

506
00:28:31,040 --> 00:28:35,040
Speaker 3: Morgan chase their people in their company as well as

507
00:28:35,080 --> 00:28:39,040
Speaker 3: Goldman Sacks pulling that information down and then based on

508
00:28:39,480 --> 00:28:41,880
Speaker 3: some of the states that don't report, and then they

509
00:28:41,920 --> 00:28:45,200
Speaker 3: can do that there's a formula that the that the

510
00:28:45,240 --> 00:28:48,600
Speaker 3: Bureau of Labor Statistics puts out and so that they

511
00:28:48,600 --> 00:28:51,480
Speaker 3: can say, okay, well, based on this, we can estimate this,

512
00:28:51,640 --> 00:28:56,200
Speaker 3: and we can estimate that. So it's, you know, whatever

513
00:28:56,280 --> 00:28:59,920
Speaker 3: formula they use, and then they do a seasonal adjustment

514
00:29:00,080 --> 00:29:03,920
Speaker 3: on those numbers as well. But Goldman Sachs and JP

515
00:29:04,040 --> 00:29:06,479
Speaker 3: Morgan has been doing this the last couple of weeks.

516
00:29:06,640 --> 00:29:10,840
Speaker 3: And as I've been pointing out, those numbers are available.

517
00:29:10,880 --> 00:29:13,080
Speaker 3: So why are we waiting on the Bureau of Labor

518
00:29:13,080 --> 00:29:16,080
Speaker 3: Statistics to do this for us? And why isn't it

519
00:29:16,160 --> 00:29:19,680
Speaker 3: mandated that these states get their numbers in properly so

520
00:29:19,720 --> 00:29:23,360
Speaker 3: there aren't these adjustments later on, because if they don't

521
00:29:23,360 --> 00:29:27,040
Speaker 3: get their numbers in, you don't have an accurate information.

522
00:29:27,600 --> 00:29:30,320
Speaker 3: And if the Federal Reserve and all these other people,

523
00:29:30,400 --> 00:29:32,960
Speaker 3: as far as the stock market is concerned, as far

524
00:29:33,000 --> 00:29:35,719
Speaker 3: as businesses are concerned, as far as a reading of

525
00:29:35,760 --> 00:29:38,800
Speaker 3: the economy, if that, if you don't have a complete

526
00:29:38,880 --> 00:29:43,800
Speaker 3: set of data, how can you make the intelligent conclusion?

527
00:29:44,280 --> 00:29:47,120
Speaker 3: And so the fact that these states, you know, they

528
00:29:47,160 --> 00:29:49,520
Speaker 3: take their time getting this stuff in, and as they

529
00:29:49,560 --> 00:29:50,440
Speaker 3: point out here, there's a.

530
00:29:50,400 --> 00:29:51,000
Speaker 4: Couple of states.

531
00:29:51,000 --> 00:29:53,200
Speaker 3: We'll get to it, but my point here is is

532
00:29:53,240 --> 00:29:55,840
Speaker 3: that all of a sudden, this week, after two to

533
00:29:55,960 --> 00:30:00,400
Speaker 3: three weeks of it only being JP Morgan and Goldman's Sacks,

534
00:30:00,840 --> 00:30:04,840
Speaker 3: all of a sudden, City Group and Nationwide jump in here. Now,

535
00:30:05,280 --> 00:30:09,600
Speaker 3: Nationwide and City Group said that the unemployment rate was

536
00:30:09,640 --> 00:30:12,760
Speaker 3: two hundred and thirty two thousand, which is a five

537
00:30:12,800 --> 00:30:17,680
Speaker 3: percent increase. However, Goldman Sacks estimated the number at two

538
00:30:17,800 --> 00:30:22,320
Speaker 3: hundred and twenty seven thousand, which is a three percent increase,

539
00:30:22,760 --> 00:30:26,560
Speaker 3: and Goldman Sacks or I'm sorry, Goldman Sacks was at

540
00:30:26,560 --> 00:30:29,320
Speaker 3: two hundred and twenty seven thousand, a three percent increase.

541
00:30:29,520 --> 00:30:31,800
Speaker 3: JP Morgan put the number at two hundred and twenty

542
00:30:31,880 --> 00:30:35,719
Speaker 3: nine a four percent. So if you're looking at unemployment

543
00:30:35,760 --> 00:30:37,600
Speaker 3: rate and you see two hundred and twenty the previous

544
00:30:37,600 --> 00:30:39,880
Speaker 3: week and see two twenty seven years, thinking, oh, that's

545
00:30:39,880 --> 00:30:43,920
Speaker 3: still in the twenties, not too bad. But because City

546
00:30:43,960 --> 00:30:47,680
Speaker 3: Group and Nationwide came up with their calculations above two

547
00:30:47,800 --> 00:30:51,280
Speaker 3: hundred and thirty thousand, that is what Reuters went with

548
00:30:51,440 --> 00:30:56,960
Speaker 3: weekly jobas claims increase, more people collecting unemployment checks, economists estimate,

549
00:30:58,000 --> 00:31:01,120
Speaker 3: but it do'll say that those are two outliers that

550
00:31:01,200 --> 00:31:04,080
Speaker 3: hadn't even been participating in this over the last couple

551
00:31:04,080 --> 00:31:05,920
Speaker 3: of weeks. Now all of a sudden, they come in

552
00:31:05,960 --> 00:31:08,640
Speaker 3: with a higher number. And that's the number you lead with,

553
00:31:09,000 --> 00:31:11,520
Speaker 3: Not the people that you've been talking about over the

554
00:31:11,560 --> 00:31:14,320
Speaker 3: last couple of weeks that have taken upon themselves to

555
00:31:14,360 --> 00:31:16,640
Speaker 3: report this data. You've got to go with somebody for

556
00:31:16,680 --> 00:31:21,000
Speaker 3: the first time. Unbelievable. The bias by the spoon fed

557
00:31:21,040 --> 00:31:26,000
Speaker 3: regurgitators in the mainstream media is just absolutely incredible. I

558
00:31:26,080 --> 00:31:29,600
Speaker 3: keep pointing it out, keep pointing out how and again

559
00:31:29,960 --> 00:31:32,240
Speaker 3: this goes to my opinion that a lot of these

560
00:31:32,240 --> 00:31:35,320
Speaker 3: spoon fed regurgitators in the mainstream media from day one

561
00:31:35,400 --> 00:31:38,960
Speaker 3: of the Trump administration have been trying to manufacture a recession.

562
00:31:39,160 --> 00:31:41,680
Speaker 3: They're trying to put the idea in people's head that

563
00:31:41,720 --> 00:31:45,560
Speaker 3: things aren't going right in the economy. And day after

564
00:31:45,640 --> 00:31:48,200
Speaker 3: day we talk about these things, and how we point

565
00:31:48,200 --> 00:31:51,440
Speaker 3: to where the asenine predictions that they've come up with

566
00:31:51,640 --> 00:31:55,920
Speaker 3: and the asenine statements that they've made are disproven based

567
00:31:55,960 --> 00:31:58,000
Speaker 3: on the facts that they even present.

568
00:31:58,440 --> 00:32:01,200
Speaker 4: So it's interesting, and you know, I would.

569
00:32:01,000 --> 00:32:03,040
Speaker 3: Love to be on a debate stage with these people

570
00:32:03,360 --> 00:32:07,000
Speaker 3: or at a conference, you know, you know, these roundtable discussions,

571
00:32:07,280 --> 00:32:09,040
Speaker 3: and when they come up with this number, be able

572
00:32:09,080 --> 00:32:11,120
Speaker 3: to say, well, you know, I don't agree with it

573
00:32:11,160 --> 00:32:13,239
Speaker 3: because this, this and this and this, And they say, well,

574
00:32:13,280 --> 00:32:14,920
Speaker 3: your numbers are wrong. I said, well, you know, go

575
00:32:14,960 --> 00:32:18,120
Speaker 3: to your website, because that's where I got your information. Anyway,

576
00:32:19,480 --> 00:32:23,560
Speaker 3: claims data was unavailable for Tennessee, Massachusetts, and Colorado, but

577
00:32:23,640 --> 00:32:26,959
Speaker 3: economists made assumptions for the three states, similar to what

578
00:32:27,000 --> 00:32:30,160
Speaker 3: the Labor Department would normally do when data is not available.

579
00:32:30,480 --> 00:32:35,000
Speaker 3: And again, if this information being so important, and it

580
00:32:35,040 --> 00:32:38,280
Speaker 3: seems that whenever we talk about these numbers, Massachusetts is

581
00:32:38,280 --> 00:32:41,120
Speaker 3: one of the ones that are always the latest, and

582
00:32:41,160 --> 00:32:45,080
Speaker 3: it seems like the North Northeast is always late as well.

583
00:32:45,720 --> 00:32:47,520
Speaker 3: I don't know if you recall, but a lot of

584
00:32:47,520 --> 00:32:50,240
Speaker 3: times when we talk about tonnage coming in from the

585
00:32:50,280 --> 00:32:53,600
Speaker 3: individual ports, we will get the reports from you know,

586
00:32:54,000 --> 00:32:58,480
Speaker 3: the East Coast will get Savannah, we'll get the Charleston area,

587
00:32:58,520 --> 00:33:02,920
Speaker 3: will get the up in Virginia. But then the ports

588
00:33:03,280 --> 00:33:09,280
Speaker 3: of New York and New York and Maine, those numbers

589
00:33:09,280 --> 00:33:11,840
Speaker 3: always come in late. And then when we look at

590
00:33:11,880 --> 00:33:14,360
Speaker 3: the West coast, those numbers always seem to come in

591
00:33:14,440 --> 00:33:16,920
Speaker 3: on time. There's never anything of like, well, the Port

592
00:33:16,960 --> 00:33:20,320
Speaker 3: of Long Ise or the Port of San Diego and

593
00:33:20,680 --> 00:33:23,200
Speaker 3: Los Angeles, those two ports, and then you've got the

594
00:33:23,240 --> 00:33:26,960
Speaker 3: ports up in Washington. Those reports never come in late.

595
00:33:27,000 --> 00:33:29,440
Speaker 3: But it always seems that the Port of New York

596
00:33:29,560 --> 00:33:32,080
Speaker 3: or New Jersey, those always seem to come in late.

597
00:33:32,240 --> 00:33:34,600
Speaker 3: So again there must be something there in the water

598
00:33:35,280 --> 00:33:37,800
Speaker 3: where the people in the Northeast are late, because again

599
00:33:37,920 --> 00:33:41,000
Speaker 3: Massachusetts seems to always be late with their numbers coming

600
00:33:41,000 --> 00:33:44,560
Speaker 3: in on these unemployment numbers. States continue to collect the

601
00:33:44,680 --> 00:33:47,680
Speaker 3: claims figures, submitting them to the Labor Department despite the

602
00:33:47,720 --> 00:33:51,560
Speaker 3: shutdown of US government and has caused economic data blackout.

603
00:33:52,000 --> 00:33:56,200
Speaker 3: Economists have been have taken the unadjusted data to make

604
00:33:56,400 --> 00:33:59,120
Speaker 3: estimates using seasonal adjustment factors and they go into the

605
00:33:59,160 --> 00:34:03,040
Speaker 3: detail and all this the latest state level jobless according

606
00:34:03,080 --> 00:34:07,240
Speaker 3: to this Orin Klatkin, he is a financial market economist

607
00:34:07,320 --> 00:34:11,240
Speaker 3: at Nationwide. The latest state level jobless claims data suggests

608
00:34:11,239 --> 00:34:16,440
Speaker 3: the labor market remains steady and that layoffs have remained low. Interesting,

609
00:34:16,640 --> 00:34:20,840
Speaker 3: the estimated claims have stayed within their pre shutdown range,

610
00:34:21,040 --> 00:34:25,080
Speaker 3: suggesting there's not been a material pick up in layoffs,

611
00:34:25,160 --> 00:34:27,720
Speaker 3: but there have been a spike in applications of federal

612
00:34:27,719 --> 00:34:32,160
Speaker 3: employers in recent weeks or employees rather in recent weeks,

613
00:34:32,680 --> 00:34:34,960
Speaker 3: likely related to the more than one hundred and fifty

614
00:34:35,000 --> 00:34:39,600
Speaker 3: thousand workers who dropped off the payrolls. However, those numbers

615
00:34:39,640 --> 00:34:42,600
Speaker 3: for the federal workers are put in a different category,

616
00:34:42,960 --> 00:34:46,799
Speaker 3: so it doesn't reflect this because these people haven't been

617
00:34:46,880 --> 00:34:49,840
Speaker 3: laid off and they're not being called back. They're merely

618
00:34:50,000 --> 00:34:53,319
Speaker 3: furloughed and when they do come back, they will be

619
00:34:53,360 --> 00:34:56,800
Speaker 3: collecting back pay, so they're not part of these weekly

620
00:34:56,920 --> 00:35:01,160
Speaker 3: jobless numbers, which is a very important point. Let me see,

621
00:35:01,160 --> 00:35:04,960
Speaker 3: the number of people receiving unemployment benefits for initial beyond

622
00:35:04,960 --> 00:35:08,279
Speaker 3: the initial week proxy for hiring has gone up a

623
00:35:08,280 --> 00:35:12,120
Speaker 3: little bit, to let me see, gone up to one

624
00:35:12,120 --> 00:35:15,360
Speaker 3: point nine four to two million, up from one point

625
00:35:15,440 --> 00:35:19,120
Speaker 3: nine to eight million, so not a big raise there.

626
00:35:19,680 --> 00:35:23,680
Speaker 3: Calculations for these so called continuing claims by Goldman, Sachs, JP,

627
00:35:23,840 --> 00:35:27,800
Speaker 3: Morgan and Nationwide were within the ballpark, so those numbers

628
00:35:27,880 --> 00:35:30,200
Speaker 3: are all within the ballpark. It was the initial job

629
00:35:30,280 --> 00:35:34,120
Speaker 3: as claims that there was some discrepancy the elevated, continued

630
00:35:34,160 --> 00:35:40,120
Speaker 3: claims readings suggests unemployed people are experiencing difficulties landing new position,

631
00:35:40,760 --> 00:35:45,440
Speaker 3: jobless rate still holding at four point three percent. Gizella Young,

632
00:35:45,520 --> 00:35:49,120
Speaker 3: an Economists and City Group, said these like this likely

633
00:35:49,160 --> 00:35:53,160
Speaker 3: reflects the low hiring environment, as typically hiring would pick

634
00:35:53,239 --> 00:35:57,040
Speaker 3: up in October for the holiday season. She throws in here,

635
00:35:57,120 --> 00:36:01,840
Speaker 3: some indications suggest holiday hiring may be less than usual

636
00:36:02,000 --> 00:36:05,240
Speaker 3: this year. That's the first time I've heard that number

637
00:36:05,520 --> 00:36:08,279
Speaker 3: or anybody talking about that. A lot of things that

638
00:36:08,320 --> 00:36:11,000
Speaker 3: I've been reading saying that we're looking for a robust

639
00:36:11,280 --> 00:36:14,080
Speaker 3: holiday season. So I don't know where she's getting her data,

640
00:36:14,120 --> 00:36:16,600
Speaker 3: but we'll see who's right. I'm Kevin Gordon, America's truck

641
00:36:16,640 --> 00:36:19,279
Speaker 3: and Network, seven hundred WLW.

642
00:36:19,520 --> 00:36:21,640
Speaker 11: You know what your customers are doing right this second,

643
00:36:21,840 --> 00:36:24,960
Speaker 11: the exact same thing you are listening to me, which,

644
00:36:25,080 --> 00:36:26,799
Speaker 11: let's be honest, is kind of This.

645
00:36:27,440 --> 00:36:30,719
Speaker 3: Is America's Trucking Network, seven hundred WLW.

646
00:36:30,760 --> 00:36:33,000
Speaker 4: I'm Kevin Gordon. I was going to talk a little

647
00:36:33,000 --> 00:36:34,120
Speaker 4: bit about last week.

648
00:36:34,160 --> 00:36:38,880
Speaker 3: We had the numbers coming in for refinancing the rates people.

649
00:36:39,000 --> 00:36:41,920
Speaker 3: It was up eighty one percent higher than it was

650
00:36:41,920 --> 00:36:45,160
Speaker 3: a year ago, and then the next day we got

651
00:36:45,520 --> 00:36:48,480
Speaker 3: indications that there were lower mortgage rates and we had

652
00:36:48,520 --> 00:36:50,640
Speaker 3: some existing home sales. We're not going to have a

653
00:36:50,920 --> 00:36:53,960
Speaker 3: chance to get to that because also last week we

654
00:36:54,080 --> 00:36:57,920
Speaker 3: got inflation data, and so anyway, we'll get to all

655
00:36:57,960 --> 00:37:01,120
Speaker 3: of the tomorrow. But some very good numbers there, I

656
00:37:01,200 --> 00:37:03,920
Speaker 3: might add, But I got such a kick out of

657
00:37:03,920 --> 00:37:08,040
Speaker 3: seeing these reports on the inflation numbers. Okay, the consumer

658
00:37:08,120 --> 00:37:11,319
Speaker 3: price indeck was scheduled to come in.

659
00:37:11,520 --> 00:37:12,600
Speaker 4: Okay, it was.

660
00:37:12,840 --> 00:37:16,600
Speaker 3: It was on the calendar, come in on the fifteenth,

661
00:37:16,760 --> 00:37:21,520
Speaker 3: all right, Today is the twenty eighth. It is thirteen

662
00:37:21,600 --> 00:37:24,840
Speaker 3: days later, maybe two, let's call it two weeks. Okay,

663
00:37:25,280 --> 00:37:29,440
Speaker 3: we'll estimate up, we'll round up. Okay, a lot of

664
00:37:29,480 --> 00:37:33,080
Speaker 3: the stories I kept saying, I kept seeing the much

665
00:37:33,239 --> 00:37:37,040
Speaker 3: delayed consumer price indecks finally came out.

666
00:37:38,160 --> 00:37:40,800
Speaker 4: We're talking thirteen days.

667
00:37:41,520 --> 00:37:45,320
Speaker 3: I mean, you would think when they said the much

668
00:37:45,560 --> 00:37:50,160
Speaker 3: delayed or the numbers finally coming out, you would think

669
00:37:50,200 --> 00:37:52,560
Speaker 3: that you're talking about a month, month and a half,

670
00:37:52,719 --> 00:37:56,279
Speaker 3: six weeks somewhere along those lines. But two weeks, I mean,

671
00:37:56,400 --> 00:37:59,600
Speaker 3: for crying out loud, and remember a couple of weeks ago,

672
00:37:59,680 --> 00:38:03,080
Speaker 3: we were talking about how people were whining about. And

673
00:38:03,120 --> 00:38:06,800
Speaker 3: it's not the consumers, it's the economists, mind you talking

674
00:38:06,800 --> 00:38:10,879
Speaker 3: about and trying to stir up a controversy if you will,

675
00:38:11,280 --> 00:38:15,080
Speaker 3: saying that, well, this is the this is the number

676
00:38:15,160 --> 00:38:21,160
Speaker 3: that's so important for the Social Security cola, the cost

677
00:38:21,200 --> 00:38:24,960
Speaker 3: of living allowance increase. This is the period and if

678
00:38:25,000 --> 00:38:28,640
Speaker 3: that number doesn't come in the delay in terms of

679
00:38:28,800 --> 00:38:32,799
Speaker 3: putting that adjustment into those checks, it may not get there,

680
00:38:33,120 --> 00:38:37,879
Speaker 3: to which I'm saying, Okay, we're talking about October.

681
00:38:38,200 --> 00:38:40,120
Speaker 4: We're talking about October.

682
00:38:39,800 --> 00:38:42,880
Speaker 3: The tenth, where it came out last year, and it

683
00:38:42,960 --> 00:38:45,640
Speaker 3: was scheduled to come in on the fifteenth this year,

684
00:38:46,239 --> 00:38:48,480
Speaker 3: and so they delayed it by a week, week and

685
00:38:48,520 --> 00:38:51,719
Speaker 3: a half, I mean for actually today's the twenty Let

686
00:38:51,760 --> 00:38:55,359
Speaker 3: me back up here a second. It isn't this is

687
00:38:55,480 --> 00:38:58,160
Speaker 3: a week delay because it was supposed to come out

688
00:38:58,280 --> 00:39:03,479
Speaker 3: on the fifteenth and actually came out on the twenty third,

689
00:39:03,560 --> 00:39:06,400
Speaker 3: So we're only talking about eight days there. I'm forgetting

690
00:39:06,400 --> 00:39:08,840
Speaker 3: that we had a weekend in between here, What's wrong

691
00:39:08,880 --> 00:39:11,960
Speaker 3: with me? But anyway, so it was a week delay,

692
00:39:12,280 --> 00:39:15,920
Speaker 3: and they're talking about much delayed numbers. But anyway, they

693
00:39:15,920 --> 00:39:18,000
Speaker 3: were talking a couple of weeks ago about well, if

694
00:39:18,000 --> 00:39:20,319
Speaker 3: this number doesn't get out, then you know they're not

695
00:39:20,320 --> 00:39:22,360
Speaker 3: going to be able to adjust these Social Security checks.

696
00:39:22,360 --> 00:39:24,839
Speaker 3: I'm thinking, you know, we're at the we'll be at

697
00:39:24,840 --> 00:39:26,920
Speaker 3: the end of October. They got all of November, they

698
00:39:26,960 --> 00:39:29,799
Speaker 3: got all of December, and the first checks don't come

699
00:39:29,800 --> 00:39:32,920
Speaker 3: out until January. We're not in the process now where

700
00:39:32,960 --> 00:39:35,680
Speaker 3: we're sitting there with you know, the green eye shades,

701
00:39:35,719 --> 00:39:38,239
Speaker 3: the sleeves rolled up and those little armbands on there,

702
00:39:38,440 --> 00:39:41,200
Speaker 3: people sitting at ledgers and writing in the numbers in

703
00:39:41,280 --> 00:39:43,600
Speaker 3: the little boxes and that type of thing, and then

704
00:39:43,600 --> 00:39:45,960
Speaker 3: that has to go here and go over there. They're

705
00:39:45,960 --> 00:39:49,360
Speaker 3: on computers. They can be adjusted. It should just be

706
00:39:49,440 --> 00:39:53,600
Speaker 3: a mere programming thing that can be done easily. But

707
00:39:53,640 --> 00:39:55,839
Speaker 3: then again, we're talking about the federal government, so maybe

708
00:39:55,880 --> 00:40:00,040
Speaker 3: I'm talking wrong here. But anyway, the number inflation a

709
00:40:00,480 --> 00:40:05,279
Speaker 3: three percent lower than expected. Prices that people pay for

710
00:40:05,320 --> 00:40:08,400
Speaker 3: a variety of goods and services rose less than expected

711
00:40:08,440 --> 00:40:12,000
Speaker 3: in September, according to the Bureau of Labor Statistics. Now,

712
00:40:12,320 --> 00:40:15,040
Speaker 3: the people that were in the Bureau Labor Statistics, they

713
00:40:15,080 --> 00:40:18,200
Speaker 3: had been furloughed and because this cost of living index

714
00:40:18,360 --> 00:40:22,080
Speaker 3: was to be calculated they brought them back in specifically

715
00:40:22,160 --> 00:40:24,800
Speaker 3: to do these numbers. No other data but the cost

716
00:40:24,880 --> 00:40:27,320
Speaker 3: of the Consumer Price Index and then this cost of

717
00:40:27,360 --> 00:40:29,040
Speaker 3: living adjustment for Social Security.

718
00:40:29,160 --> 00:40:31,719
Speaker 4: They brought them back in to do that. So this

719
00:40:31,800 --> 00:40:33,120
Speaker 4: number came out from them.

720
00:40:33,760 --> 00:40:36,960
Speaker 3: Consumer Price Index showed a point three percent increase on

721
00:40:37,000 --> 00:40:41,560
Speaker 3: the month, putting the annual inflation rate at three percent. CONDOMA,

722
00:40:41,680 --> 00:40:44,359
Speaker 3: surveyed by dal Jones, had been looking for readings of

723
00:40:44,640 --> 00:40:48,840
Speaker 3: point four or a three point one percent increase excluding

724
00:40:48,840 --> 00:40:52,000
Speaker 3: food and energy. Course, EPI showed a point two percent

725
00:40:52,080 --> 00:40:56,399
Speaker 3: monthly gained an annual rate at three percent. Now I

726
00:40:56,440 --> 00:40:58,919
Speaker 3: saw a number the other day when this was being

727
00:40:58,960 --> 00:41:02,400
Speaker 3: reported that that number for the month was two point seven.

728
00:41:02,480 --> 00:41:05,800
Speaker 3: So I'm not sure where they're getting that three percent,

729
00:41:05,920 --> 00:41:09,320
Speaker 3: but that's what they put in here. Now they're talking

730
00:41:09,320 --> 00:41:12,680
Speaker 3: about here that some of these adjustments and what they're

731
00:41:12,719 --> 00:41:17,160
Speaker 3: looking at. They break that down in terms of where

732
00:41:17,280 --> 00:41:20,719
Speaker 3: the gains came from. Let me see, the annual rate

733
00:41:20,800 --> 00:41:23,880
Speaker 3: was three percent compared to estimates and so on. I

734
00:41:23,960 --> 00:41:26,399
Speaker 3: love this this guy. I guess this guy thinks he's

735
00:41:26,440 --> 00:41:29,640
Speaker 3: some sort of a well, I don't know, a novelist

736
00:41:29,719 --> 00:41:31,520
Speaker 3: or something like that. So he comes up to this

737
00:41:31,560 --> 00:41:36,920
Speaker 3: phrase John Kirshner, like an oasis slaking the thirst of

738
00:41:37,000 --> 00:41:42,360
Speaker 3: a weary desert traveler. Today's CPI number offered investors the

739
00:41:42,520 --> 00:41:47,160
Speaker 3: first tidbit of information from the barren wasteland of government

740
00:41:47,239 --> 00:41:52,520
Speaker 3: data that has existed since this shutdown October one. All right,

741
00:41:52,600 --> 00:41:55,080
Speaker 3: this was written on the twenty fourth. We're talking twenty

742
00:41:55,120 --> 00:41:59,120
Speaker 3: three days. And he's out in this information desert. He's

743
00:41:59,160 --> 00:42:02,800
Speaker 3: out there in this wasteland. He's waiting for his thirst

744
00:42:02,840 --> 00:42:07,960
Speaker 3: to be slaked, which means quenched. But you know, he

745
00:42:08,040 --> 00:42:10,840
Speaker 3: has to throw this five dollars word in there and

746
00:42:11,200 --> 00:42:14,200
Speaker 3: actually make this analogy as if you know you're out

747
00:42:14,239 --> 00:42:16,200
Speaker 3: in the middle of the desert, you just can't get

748
00:42:16,239 --> 00:42:19,640
Speaker 3: this information. But as we've pointed out, this data is

749
00:42:19,719 --> 00:42:24,800
Speaker 3: available through other sources. What these people are talking about

750
00:42:25,040 --> 00:42:27,880
Speaker 3: is that this data being collected by the federal government.

751
00:42:28,200 --> 00:42:32,400
Speaker 3: Them doing this and then releasing it. All the levers,

752
00:42:32,480 --> 00:42:36,200
Speaker 3: all the switches that they pull, and levers that the

753
00:42:36,200 --> 00:42:38,680
Speaker 3: switches that they switch, and the buttons that they push

754
00:42:38,840 --> 00:42:41,359
Speaker 3: and the levers that they pull, that numbers are all

755
00:42:41,400 --> 00:42:45,160
Speaker 3: available to these people themselves. They can pull this number out,

756
00:42:45,200 --> 00:42:47,920
Speaker 3: Like we looked at Goldman Sachs and JP Morgan. As

757
00:42:47,960 --> 00:42:50,160
Speaker 3: far as the unemployment ombers, A lot of this number

758
00:42:50,200 --> 00:42:53,120
Speaker 3: of this information is already available. They're just waiting on

759
00:42:53,200 --> 00:42:55,879
Speaker 3: it to be spoon fed to them so that they

760
00:42:55,920 --> 00:42:58,600
Speaker 3: can make their economic analysis. God forbid that they do

761
00:42:58,920 --> 00:43:00,919
Speaker 3: a little bit more leg work in order to.

762
00:43:01,080 --> 00:43:01,759
Speaker 4: Do their job.

763
00:43:02,480 --> 00:43:05,720
Speaker 3: But let me see four percent jump in in gasoline prices,

764
00:43:05,760 --> 00:43:08,520
Speaker 3: which I find kind of interesting because if you look

765
00:43:08,560 --> 00:43:12,200
Speaker 3: at the triple A national average of gas prices and

766
00:43:12,200 --> 00:43:16,799
Speaker 3: stuff the month basis, we are looking at numbers that

767
00:43:16,840 --> 00:43:19,840
Speaker 3: are down from the previous month, about eight cents a

768
00:43:19,880 --> 00:43:22,799
Speaker 3: gallon from the previous month, and where they're saying there's

769
00:43:22,800 --> 00:43:25,319
Speaker 3: a four point one percent increase, I'm not.

770
00:43:25,239 --> 00:43:27,040
Speaker 4: Sure that their data is all that correct.

771
00:43:27,320 --> 00:43:30,160
Speaker 3: Food prices saw a point two percent, that's two tenths

772
00:43:30,200 --> 00:43:34,760
Speaker 3: of one percentage point increase, commodity prices and so on. Now,

773
00:43:35,040 --> 00:43:38,160
Speaker 3: what is interesting is that they put in here on

774
00:43:38,200 --> 00:43:42,160
Speaker 3: these on a graph where the actual inflation is coming from,

775
00:43:42,600 --> 00:43:44,759
Speaker 3: and the largest area where inflation is.

776
00:43:44,719 --> 00:43:47,800
Speaker 4: Coming in at is on a year to day basis.

777
00:43:47,880 --> 00:43:52,040
Speaker 3: Okay, overall food at home came in a plus point

778
00:43:52,840 --> 00:43:56,960
Speaker 3: two point seven percent on an annual basis, so less

779
00:43:56,960 --> 00:44:00,919
Speaker 3: than three percent for the entire year. But within those

780
00:44:01,280 --> 00:44:05,440
Speaker 3: coffee is up eighteen point nine percent from last year.

781
00:44:06,280 --> 00:44:10,560
Speaker 3: Now that's not tariffs. That's not something going on here.

782
00:44:11,120 --> 00:44:16,200
Speaker 3: Coffee is purchased from overseas down in Brazil Columbia, those

783
00:44:16,239 --> 00:44:19,880
Speaker 3: areas down there, and because of drought, because of weather,

784
00:44:20,040 --> 00:44:24,480
Speaker 3: because of transportation, because of problems with their government down there,

785
00:44:24,760 --> 00:44:27,800
Speaker 3: some of this stuff isn't being done, so the supply

786
00:44:28,160 --> 00:44:31,080
Speaker 3: is down and therefore the prices are up.

787
00:44:31,360 --> 00:44:34,080
Speaker 4: This is not a result of tariffs.

788
00:44:34,160 --> 00:44:37,080
Speaker 3: This is not a slight amount of having to do

789
00:44:37,120 --> 00:44:40,279
Speaker 3: with terroriffs, but not eighteen point nine percent. It is

790
00:44:40,400 --> 00:44:44,359
Speaker 3: mostly based on because it's an agricultural crop and not

791
00:44:44,480 --> 00:44:48,000
Speaker 3: readily available. The next one on the line fourteen point

792
00:44:48,040 --> 00:44:52,480
Speaker 3: seven percent beef. We've seen that there's drought conditions that

793
00:44:52,640 --> 00:44:55,640
Speaker 3: the herds of the United States as far as cattle

794
00:44:55,920 --> 00:44:58,320
Speaker 3: are down to the levels they were back in nineteen

795
00:44:58,480 --> 00:45:02,240
Speaker 3: fifty one. So this isn't some sort of a tariff

796
00:45:02,320 --> 00:45:06,200
Speaker 3: increase that everybody's been talking about. What it is is

797
00:45:06,320 --> 00:45:11,040
Speaker 3: just again conditions having to do with those particular areas

798
00:45:11,040 --> 00:45:14,480
Speaker 3: where these cattles are are raised, and so when they

799
00:45:14,520 --> 00:45:17,400
Speaker 3: dig into these numbers. It was interesting to see how

800
00:45:17,560 --> 00:45:21,000
Speaker 3: they kind of backed off and they start talking about

801
00:45:21,000 --> 00:45:25,600
Speaker 3: how tariffs really haven't shown up in the numbers, and

802
00:45:25,760 --> 00:45:28,440
Speaker 3: that some of the tariffs that have been put into place.

803
00:45:28,640 --> 00:45:30,440
Speaker 3: We don't have to get a little bit into that tomorrow,

804
00:45:30,520 --> 00:45:33,960
Speaker 3: but where the tariff increases have been coming, they are

805
00:45:34,000 --> 00:45:38,440
Speaker 3: actually these companies are actually sourcing from different countries that

806
00:45:38,560 --> 00:45:42,440
Speaker 3: have lower terraffs and kept that tariff, kept that amount lower.

807
00:45:42,920 --> 00:45:44,560
Speaker 3: One thing I want to do before we get out

808
00:45:44,600 --> 00:45:47,239
Speaker 3: of here, as we're talking about Social Security and that

809
00:45:47,360 --> 00:45:49,680
Speaker 3: what that rate was. Now, we talked about that two

810
00:45:49,840 --> 00:45:53,320
Speaker 3: weeks ago and we talked about how the Social Security

811
00:45:53,360 --> 00:45:57,120
Speaker 3: benefit would be somewhere. People were estimating between two point

812
00:45:57,160 --> 00:45:59,640
Speaker 3: seven and two point eight percent, and so they came

813
00:45:59,719 --> 00:46:03,640
Speaker 3: up so Security two point eight percent COLA for twenty

814
00:46:03,719 --> 00:46:06,560
Speaker 3: twenty six benefit. And they go through how they came

815
00:46:06,640 --> 00:46:10,439
Speaker 3: up with the number, and it's based on the inflation rate.

816
00:46:10,920 --> 00:46:13,799
Speaker 3: What I found interesting as I was looking at this,

817
00:46:13,920 --> 00:46:17,839
Speaker 3: they provided a chart that said what the adjustment for

818
00:46:17,880 --> 00:46:21,440
Speaker 3: Social Security now, the cost of living adjustment for Social

819
00:46:21,440 --> 00:46:25,439
Speaker 3: Security is done based on the inflationment.

820
00:46:24,960 --> 00:46:26,480
Speaker 4: Rate for that particular year.

821
00:46:26,880 --> 00:46:31,960
Speaker 3: In here they mentioned that over the last since twenty fifteen,

822
00:46:32,120 --> 00:46:35,080
Speaker 3: I think it was. I'm seeing no over the last

823
00:46:35,120 --> 00:46:39,359
Speaker 3: twenty year. Social Security COLA twenty years, mind you, has

824
00:46:39,440 --> 00:46:44,600
Speaker 3: been two point six percent. So what we're seeing is

825
00:46:44,680 --> 00:46:48,560
Speaker 3: that the cost of living on a normal basis is

826
00:46:49,120 --> 00:46:52,239
Speaker 3: two point six percent, because that's what the cost of

827
00:46:52,280 --> 00:46:55,200
Speaker 3: living index has been and the cost of living adjustment

828
00:46:55,280 --> 00:46:59,480
Speaker 3: has been. So why is the Federal Reserve so fixated

829
00:46:59,560 --> 00:47:04,160
Speaker 3: on a two percent inflation number? I find that interesting

830
00:47:04,600 --> 00:47:09,879
Speaker 3: that they want during the Trump administration the inflation rate

831
00:47:10,320 --> 00:47:14,440
Speaker 3: down almost a half a percentage point than what the

832
00:47:14,760 --> 00:47:18,799
Speaker 3: average has been over the last twenty years. Isn't that Ama?

833
00:47:18,960 --> 00:47:21,560
Speaker 3: But they're not political, mind you? Well, folks, that doesn't

834
00:47:21,560 --> 00:47:23,520
Speaker 3: for us. Stay tuned for ATI Radio Top of the Hour.

835
00:47:23,600 --> 00:47:33,920
Speaker 3: I'm Kevin Gordon, America's Trucking Network seven hundred WLW.

836
00:47:30,719 --> 00:47:32,560
Speaker 2: News Traffic and Weather.

837
00:47:33,160 --> 00:47:37,680
Speaker 10: News Radio seven hundred WLW, Cincinnati.

838
00:47:38,800 --> 00:47:41,360
Speaker 11: It's the twenty eighth day of the government shutdown, but

839
00:47:41,520 --> 00:47:44,520
Speaker 11: the Top of the Hour reports I'mley Mawen Ranking now