WEBVTT - 10-27-25 America's Truckin' Network

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<v Speaker 1>This is America's Trucking Network with Kevin Gordon.

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<v Speaker 2>Well More.

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<v Speaker 3>Thanks for tuning in as we begin our week here

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<v Speaker 3>on America's truck and Network, the show that is the

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<v Speaker 3>exception to the rule that nothing good happens after midnight. Well,

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<v Speaker 3>a little bit of an update here on Hurricane Melissa.

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<v Speaker 3>She seems to be kicking up her heels down in

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<v Speaker 3>the Caribbean.

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<v Speaker 4>As we talked about last week that.

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<v Speaker 3>It was approaching what had hit hurricane status, but it

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<v Speaker 3>now is a category five. It is turning northward. Catastrophic

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<v Speaker 3>and life threatening winds, flooding and storm surge expected on

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<v Speaker 3>Jamaica early today and later on this morning. Now, the

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<v Speaker 3>trajectory of this, it appeared originally that it was going

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<v Speaker 3>to head north and look like it was going to

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<v Speaker 3>head towards the southern tip of Florida, around the Florida

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<v Speaker 3>Keys thereabouts. It looks like now that it's going to

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<v Speaker 3>be veering off westward and only going to be hitting

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<v Speaker 3>the I'm sorry eastward rather and hitting the east portion

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

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<v Speaker 3>going to be hearing it here on America's Trucking Network.

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<v Speaker 3>That is the area down in the southern tip of

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<v Speaker 3>the southeastern portion of Cuba is where our Guantanamo Bay

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<v Speaker 3>facility is there, and it's the only portion of Cuba

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<v Speaker 3>that is owned by the United States, and we've maintained

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<v Speaker 3>that for a number of years, even you know, during

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<v Speaker 3>the communist regime and cast throw and all that, and

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<v Speaker 3>that's where a lot of these how should we say,

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<v Speaker 3>illegal deportees or the more I guess more dangerous criminals

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<v Speaker 3>are being held. So it's going to be interesting to

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<v Speaker 3>see how that works out if this does in fact

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<v Speaker 3>go in that direction. But right now, it looks like

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<v Speaker 3>it's going to be hitting Jamaica. It's going to be

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<v Speaker 3>some storm surges there. And if it goes in the

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<v Speaker 3>trajectory that, it looks like it's going to take this

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<v Speaker 3>eastwardly bent and maybe hit the south and the eastern

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<v Speaker 3>tip of Cuba. So we'll keep an eye on that.

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<v Speaker 3>Some interesting thing we got this notification. We've got not

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<v Speaker 3>a notification, but we got a latest release of a

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<v Speaker 3>study from American Transportation Research Institute.

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<v Speaker 4>And some interesting things in there.

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<v Speaker 3>It's the for the third year in a row they

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<v Speaker 3>actually do their top industry concerns where they send out

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<v Speaker 3>the survey, and maybe a lot of you have participated

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<v Speaker 3>in that, but they release this just the other day.

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<v Speaker 3>As a matter of fact, American Transportation Research Institute at RII,

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<v Speaker 3>the Trucking Institute's not for profit research organization, released the

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<v Speaker 3>twenty first annual Top Industry Issue Report, identifying the trucking

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

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<v Speaker 3>you know, a lot of people will ask me that

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<v Speaker 3>aren't familiar with the trucking industry or people that listen,

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<v Speaker 3>why do you add why do you talk about the

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

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<v Speaker 3>the truckers. It's the thing that affects you out there.

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<v Speaker 3>If the economy is not doing well, there's not going

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<v Speaker 3>to be those number of loads for you to be carrying.

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<v Speaker 3>People aren't going to be buying stuff from stores, which

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<v Speaker 3>means that the shells aren't going to have to be filled,

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<v Speaker 3>which means they're going to be less trucks on the

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<v Speaker 3>road filling bringing the goods to these locations. And for

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<v Speaker 3>people that aren't aware of this, seventy two percent of

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<v Speaker 3>everything you see on the shelves out there are brought

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<v Speaker 3>to you by a truck. And as people pointed out

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<v Speaker 3>to me at the Mid America Trucking Associate or Trucking

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<v Speaker 3>Show this past March, a lot of people came up

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<v Speaker 3>to the booth and said, hey, you know, a lot

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<v Speaker 3>of people keep talking about that seventy two percent figure.

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<v Speaker 3>But if you take into consideration everything and every part

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<v Speaker 3>of the economy, everything at some point in time.

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<v Speaker 4>Touches a truck.

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<v Speaker 3>And the stuff that you don't see in terms of

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<v Speaker 3>the service areas like stuff being delivered to hospital, the

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<v Speaker 3>supplies that are delivered to hospitals, the supplies that are

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<v Speaker 3>delivered to stores, you know, cleaning supplies, mops, buckets, that

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<v Speaker 3>type of thing, which aren't the items that are actually

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<v Speaker 3>on the shelves. Those are all brought to those locations

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<v Speaker 3>by a truck at all. Also, so when you add

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<v Speaker 3>all that into there, there is a tremendous amount and

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<v Speaker 3>the truck well, most everybody that knows anything about anything

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<v Speaker 3>realizes how important the trucking industry is. A lot of

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<v Speaker 3>people learn that lesson the hard way during the pandemic,

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<v Speaker 3>when some of the shores the shelves were empty and

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<v Speaker 3>people were saying, well, gee, whiz, what happened and where

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

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<v Speaker 3>isn't available at the facility to be transported here, and

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<v Speaker 3>so the trucking industry delivering good during that period of time.

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<v Speaker 3>Actually we're treated as heroes a lot of times, and

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<v Speaker 3>as soon as the plandemic was over, it's back to

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<v Speaker 3>the same old, same old. You know, it's just no

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<v Speaker 3>respect for the trucking industry at all. So again people

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<v Speaker 3>need to realize that not only the importance of the

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<v Speaker 3>trucking industry to the stuff getting there on the shelves,

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<v Speaker 3>but also the stuff that's getting to the individual locations

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<v Speaker 3>for other supplies. As I mentioned hospital, the betting, the sheets,

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<v Speaker 3>all the stuff is being cleaned and then the cleaning

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<v Speaker 3>supplies themselves, so very important.

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<v Speaker 4>Okay.

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<v Speaker 3>Top issues on the list is Economic and the Economy,

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<v Speaker 3>lawsuit abuse reform, insurance costs and availability and truck Parking.

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<v Speaker 3>List also debuts for the first time four new issues

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<v Speaker 3>on that list. Two of them, as they say here

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<v Speaker 3>in the opening paragraph English language proficiency for drivers and

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<v Speaker 3>Artificial Intelligence and Trucking. Andy Owens, a and M Transport president, said,

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<v Speaker 3>we're in the third year of an extended freight recession

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<v Speaker 3>and the pain is real.

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<v Speaker 4>Now.

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<v Speaker 3>Any of you that have been involved in the trucking

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<v Speaker 3>industry for a number of years, you realize and you know,

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<v Speaker 3>and you've experienced the ups and downs in the trucking industry.

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<v Speaker 4>There are certain periods of.

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<v Speaker 3>Time where there's a certain amount of a freight recession,

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<v Speaker 3>especially in recessionary times. However, as a result of the plandemic,

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<v Speaker 3>we have got a unique situation in the trucking industry

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<v Speaker 3>as far as a trucking recession, because a lot of

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<v Speaker 3>during the pandemic, a lot of additional truckers came into

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

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<v Speaker 3>I can buy a truck, and I can get into

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<v Speaker 3>this business. And it seems like people are making a

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<v Speaker 3>lot of money, so I'm going to jump on board,

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<v Speaker 3>so to speak. And so there has been a little

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<v Speaker 3>bit of a oversupply of trucks, oversupply of availability, and

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<v Speaker 3>so the freight rates have come down tremendously, and of

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

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<v Speaker 3>So there's been this squeeze as far as the trucking recession.

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<v Speaker 3>Usually these trucking recessions last anywhere from twelve to fourteen months,

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<v Speaker 3>maybe eighteen months on the outside. But we are now

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<v Speaker 3>into the third year of it, it seems and every

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<v Speaker 3>time you turn around, there seems like there's a light

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<v Speaker 3>at the end of the tunnel, and once then eventually

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<v Speaker 3>so it seems like that light dims and gets further away.

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<v Speaker 3>But a lot of people are anticipating. I'm seeing more

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<v Speaker 3>and more stories about people being encouraged of what they're

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<v Speaker 3>seeing and what they're anticipating over the next six months

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<v Speaker 3>to be and then going on into twenty twenty six,

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

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<v Speaker 3>but also the first part of twenty twenty six, so

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<v Speaker 3>people are very getting more optimistic about that. So looking

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<v Speaker 3>through this, according to Andy Owen's third year of an

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<v Speaker 3>extended freight recession, operating costs, operating costs climbed to their

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<v Speaker 3>highest ever the same time the freight pricing has bottomed out.

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<v Speaker 3>Atr eyesnual analysis is so critical to our industry to

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<v Speaker 3>not only quantify the issues, but more importantly, to understand

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<v Speaker 3>what we can collectively do as an industry to address

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<v Speaker 3>each The economy came in at number one lawsuit abuse, reform,

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<v Speaker 3>and insurance costs and availability each rose one spot to

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<v Speaker 3>be number two and number three of the top concerns.

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<v Speaker 3>Lack of available truck parking dropped two spots this year

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<v Speaker 3>to number four, and concern over driver compensation held on

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<v Speaker 3>to its position at number five. Driver training standard had

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<v Speaker 3>been on the list of truck drivers concerns since twenty nineteen,

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<v Speaker 3>but this year garnered enough votes to across all across

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<v Speaker 3>all respondents to come in at number nine, which is

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<v Speaker 3>now the addition to the list. So rounding out to

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<v Speaker 3>give you an idea again the top ten. The economy

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<v Speaker 3>came in at number one, lawsuit abuse two, insurance costs

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<v Speaker 3>and availability three, truck parking for driver compensation five. CSA

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<v Speaker 3>came in at number six. English language proficiency came in

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<v Speaker 3>at number seven. Diesel emission regulations That was the other

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<v Speaker 3>the fourth of the items that got onto the list,

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<v Speaker 3>different from any of the prior years because there's been

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<v Speaker 3>this discussion as far as the EPA is concerned, what

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<v Speaker 3>they're going to be rolling back as far as emissions

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<v Speaker 3>and then how that's going to affect the model year

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<v Speaker 3>trucks that for twenty twenty seven and for some of

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<v Speaker 3>the model trucks coming in in twenty twenty six, because

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<v Speaker 3>a lot of that regulations that have been puted and

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<v Speaker 3>placed on that are already in the works. Some of

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<v Speaker 3>that can't be pulled back, some of it can be

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<v Speaker 3>stalled or whatever. So it's going to be interesting to

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

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<v Speaker 3>driver Training Standards and artificial Intelligence and trucking came in

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<v Speaker 3>at number ten. We'll pick this up a little bit

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

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<v Speaker 3>Trucking Network seven hundred w LW.

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<v Speaker 2>We need.

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<v Speaker 5>This is the briefing reward on America's truck and Network

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<v Speaker 5>on seven hundred WLW.

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<v Speaker 6>Championship Weekend is upon us in. NASCAR will hand out

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<v Speaker 6>twenty twenty five titles Friday, Saturday and Sunday Friday. The

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<v Speaker 6>four drivers vying for the twenty twenty five NASCAR Crafts

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<v Speaker 6>and Truck Series title will be Corey Heim, ty Majeski,

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<v Speaker 6>Tyler Ankram, and also Caden Honeycut Saturday and the run

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<v Speaker 6>for the Xfinity Series title. It's the four going for

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<v Speaker 6>the championship include Jesse Love Carson Kwaffle, also Connor Zilich

0:10:41.240 --> 0:10:44.680
<v Speaker 6>and Justin Algeyer. The Cup Series title on Sunday matches

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<v Speaker 6>the winningest drivers of the season Denny Hamblin with six wins,

0:10:48.679 --> 0:10:52.079
<v Speaker 6>Kyle Larson, Chase Briscoe and William Byron each with three

0:10:52.280 --> 0:10:53.040
<v Speaker 6>on the season.

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<v Speaker 5>We need this is the briefing reward on America's Truck

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<v Speaker 5>and Network on seven hundred WLW.

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<v Speaker 7>Say Dennison, a t N no word in the English

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<v Speaker 7>language is less convincing than probably.

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<v Speaker 2>Are you sure we should get matching tattoos on our

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<v Speaker 2>first date?

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<v Speaker 4>Sure?

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<v Speaker 5>Will probably stay together.

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<v Speaker 1>Probably, it's been.

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<v Speaker 2>Twenty three minutes since I ate.

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<v Speaker 4>I can probably swim.

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<v Speaker 7>You should wait thirty minutes.

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<v Speaker 4>Okay, I'll tell me what to do.

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<v Speaker 2>Can it ball?

0:11:28.040 --> 0:11:28.439
<v Speaker 6>Cramp?

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<v Speaker 2>I have a cramp?

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<v Speaker 4>I can probably hit the green from here?

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<v Speaker 2>Probably?

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<v Speaker 4>Can I get a Mulligan ready to go?

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<v Speaker 3>Hey?

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<v Speaker 4>Are you sure you're okay to drive?

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<v Speaker 2>Yeah?

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<v Speaker 4>I'm pretty sober. Yeah, I'm probably okay.

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<v Speaker 7>Probably okay isn't okay, especially when it comes to drinking

0:11:55.240 --> 0:11:58.000
<v Speaker 7>and driving. If you're drinking, call a cab, a car,

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0:13:08.840 --> 0:13:11.200
<v Speaker 4>This is the sound of E. Coli splashing around in

0:13:11.320 --> 0:13:13.360
<v Speaker 4>raw Hamburger juice on your cutting.

0:13:13.040 --> 0:13:18.160
<v Speaker 9>Board and it looks like Mom, just put the tomatoes

0:13:18.200 --> 0:13:19.240
<v Speaker 9>and onions on there too.

0:13:20.679 --> 0:13:22.720
<v Speaker 2>Don't let ecoli mash with your food.

0:13:23.000 --> 0:13:25.760
<v Speaker 9>An estimated three thousand Americans die from a food borne

0:13:25.800 --> 0:13:29.439
<v Speaker 9>illness each year, so always separate raw meat from vegetables

0:13:29.480 --> 0:13:30.640
<v Speaker 9>on two cutting warrants.

0:13:30.920 --> 0:13:33.280
<v Speaker 4>Keep your family safe at Food Safety dot gov. Brought

0:13:33.280 --> 0:13:35.720
<v Speaker 4>to you by the USBA, HHS and thep.

0:13:35.440 --> 0:13:40.160
<v Speaker 5>Councilor America's veterans are on the tour of their lives

0:13:41.120 --> 0:13:44.400
<v Speaker 5>at dav OR, on a mission to help veterans of

0:13:44.440 --> 0:13:48.120
<v Speaker 5>all generations get the benefits they've earned. Help us support

0:13:48.200 --> 0:13:51.400
<v Speaker 5>more victories for veterans. Go to dav dot org.

0:13:52.400 --> 0:13:55.240
<v Speaker 9>Colorectal cancer is now the leading cancer killer and man

0:13:55.320 --> 0:13:57.920
<v Speaker 9>under fifty, and the second leading cause of cancer death

0:13:57.920 --> 0:14:01.520
<v Speaker 9>for women under fifty. The American College of Radiology it

0:14:01.559 --> 0:14:04.000
<v Speaker 9>takes you to get screened starting at age twenty five.

0:14:04.800 --> 0:14:08.160
<v Speaker 9>Insurance companies are required to cover not only kolonoscopy, but

0:14:08.280 --> 0:14:12.640
<v Speaker 9>also virtual colonoscopy and other less invasive exams. Talk to

0:14:12.679 --> 0:14:16.920
<v Speaker 9>your doctor about your options. For more information on virtual colonoscopy,

0:14:17.120 --> 0:14:20.440
<v Speaker 9>physic radiologyinfo dot org, slash virtual CT.

0:14:24.520 --> 0:14:28.800
<v Speaker 3>I'm Kevin Gored in America's Trucking Network seven hundred WLW.

0:14:28.960 --> 0:14:32.600
<v Speaker 3>Finishing of our conversation here on this American Transportation Research

0:14:32.720 --> 0:14:37.360
<v Speaker 3>Institute study top ten trucking industry issues. And it's interesting

0:14:37.480 --> 0:14:39.840
<v Speaker 3>because when they do the survey. This survey goes out

0:14:39.960 --> 0:14:44.560
<v Speaker 3>not only the truckers, but people in the companies themselves.

0:14:44.840 --> 0:14:47.640
<v Speaker 3>Over forty six percent of the survey respondse where motor

0:14:47.680 --> 0:14:53.560
<v Speaker 3>carrier executives and personnel truck drivers represented thirty percent of

0:14:53.600 --> 0:14:56.600
<v Speaker 3>the remaining twenty three percent made up.

0:14:56.560 --> 0:14:58.720
<v Speaker 4>Of other freight stakeholders.

0:14:58.760 --> 0:15:02.960
<v Speaker 3>So again, you know, kind of a hint or whatever,

0:15:03.080 --> 0:15:06.080
<v Speaker 3>kind of a prompting to you that if you see

0:15:06.280 --> 0:15:10.800
<v Speaker 3>when you're looking at American Transportation Research Institute publications or

0:15:10.840 --> 0:15:13.920
<v Speaker 3>if you're reading certain things and you see that they're

0:15:14.040 --> 0:15:17.520
<v Speaker 3>asking for respondents to check in. As a matter of fact,

0:15:17.680 --> 0:15:23.480
<v Speaker 3>at the Mid America Trucking Association American Trucking Show back

0:15:23.520 --> 0:15:27.840
<v Speaker 3>in March, I had Rebecca Brewster on and we talked

0:15:27.840 --> 0:15:30.640
<v Speaker 3>about some of the surveys, and she mentioned at that

0:15:30.840 --> 0:15:34.680
<v Speaker 3>time how it's important and in order for them to

0:15:34.800 --> 0:15:37.040
<v Speaker 3>get a clear picture of what's going on in the

0:15:37.040 --> 0:15:42.520
<v Speaker 3>trucking industry that people participate in terms of some of

0:15:42.560 --> 0:15:44.600
<v Speaker 3>the surveys that they were putting together at the time

0:15:45.040 --> 0:15:49.160
<v Speaker 3>was the cost of operations and then some other things,

0:15:49.160 --> 0:15:52.320
<v Speaker 3>and especially this survey here. And so if you see

0:15:52.320 --> 0:15:55.720
<v Speaker 3>those surveys, take the time and fill it out because

0:15:56.520 --> 0:15:59.520
<v Speaker 3>again I understand being an independent trucker.

0:16:00.120 --> 0:16:01.800
<v Speaker 4>I know talking to some.

0:16:01.680 --> 0:16:04.480
<v Speaker 3>Of you, a lot of you either like or hate

0:16:04.800 --> 0:16:09.000
<v Speaker 3>the American American Trucking Associations. A lot of you have

0:16:09.920 --> 0:16:14.560
<v Speaker 3>good thoughts about oh Aida. Some have bad thoughts, bad experiences,

0:16:14.640 --> 0:16:16.720
<v Speaker 3>or so on. Part of the thing of being an

0:16:16.760 --> 0:16:20.360
<v Speaker 3>independent trucker is that you don't, as Graucho Marsch used

0:16:20.400 --> 0:16:23.240
<v Speaker 3>to say, I never want to be a member of

0:16:23.240 --> 0:16:25.520
<v Speaker 3>a group that would have me as a member. So

0:16:26.200 --> 0:16:29.320
<v Speaker 3>as you are an independent, you like your independence, and

0:16:29.360 --> 0:16:31.760
<v Speaker 3>so you don't want to be a member of a group. However,

0:16:32.080 --> 0:16:34.280
<v Speaker 3>when it comes to lobbying, when it comes to getting

0:16:34.320 --> 0:16:37.600
<v Speaker 3>stuff changed, when it comes to knowing that your voice

0:16:37.680 --> 0:16:40.160
<v Speaker 3>is being heard out there, the concerns that you have,

0:16:40.640 --> 0:16:43.120
<v Speaker 3>if you don't fill out these surveys, if you don't

0:16:43.160 --> 0:16:45.720
<v Speaker 3>participate in some of this stuff, if you don't take

0:16:45.760 --> 0:16:49.400
<v Speaker 3>the time to do the individual surveys, people aren't going

0:16:49.440 --> 0:16:52.560
<v Speaker 3>to know what your concerns are because as you can,

0:16:52.680 --> 0:16:55.080
<v Speaker 3>as you see in these surveys, when they come out,

0:16:55.400 --> 0:16:57.920
<v Speaker 3>they will talk about, well, the trucking people in the

0:16:57.960 --> 0:17:04.240
<v Speaker 3>trucking industry themselves, people that are the carrier executives and

0:17:04.600 --> 0:17:08.600
<v Speaker 3>corporate workers. They have different concerns than you have, and

0:17:08.680 --> 0:17:12.399
<v Speaker 3>so if this survey goes out and it's discussed in

0:17:12.480 --> 0:17:15.600
<v Speaker 3>the media, they may pay more attention to what you

0:17:15.600 --> 0:17:18.760
<v Speaker 3>know as far as Congress is concerned what these executives

0:17:18.800 --> 0:17:21.680
<v Speaker 3>are talking about, as opposed to what's important to you.

0:17:22.000 --> 0:17:24.400
<v Speaker 3>And of course truck parking, the economy and all those

0:17:24.440 --> 0:17:27.800
<v Speaker 3>things are very important to you. So again, over forty

0:17:27.800 --> 0:17:32.320
<v Speaker 3>six percent of the service the survey respondents, remoter carrier executives,

0:17:32.359 --> 0:17:35.959
<v Speaker 3>only thirty percent or the drivers. And you are the

0:17:36.000 --> 0:17:39.359
<v Speaker 3>backbone of this, and so you need to participate more

0:17:39.400 --> 0:17:42.400
<v Speaker 3>and more in these studies so that your concerns are

0:17:42.440 --> 0:17:45.000
<v Speaker 3>out there and people know what they are. I talk

0:17:45.040 --> 0:17:48.439
<v Speaker 3>about some of this legislation that goes on later on

0:17:48.480 --> 0:17:49.920
<v Speaker 3>in the week. I hope we can talk to get

0:17:49.920 --> 0:17:53.880
<v Speaker 3>in touch with Louis Pugh from Owner Operator Independent Driver

0:17:53.920 --> 0:18:00.800
<v Speaker 3>Association OWAIDA and talk about this licensing non domicile licenses

0:18:00.840 --> 0:18:04.080
<v Speaker 3>that are being issued, as well as the English language

0:18:04.080 --> 0:18:09.359
<v Speaker 3>proficiency and making sure that's enforced even though it's been

0:18:09.400 --> 0:18:11.680
<v Speaker 3>on the books. But we saw the crash last week

0:18:11.720 --> 0:18:14.080
<v Speaker 3>that we talked about. Three people died and then back

0:18:14.119 --> 0:18:19.720
<v Speaker 3>in August. Again, an English language proficiency person that couldn't

0:18:19.720 --> 0:18:23.399
<v Speaker 3>even pass the test, couldn't even identify any of the roads.

0:18:23.680 --> 0:18:26.080
<v Speaker 3>I think he could only identify what two out of

0:18:26.119 --> 0:18:31.000
<v Speaker 3>twelve had failed his driving test for the owner operator

0:18:31.040 --> 0:18:34.240
<v Speaker 3>or for the CDO license either.

0:18:34.600 --> 0:18:37.080
<v Speaker 4>Some reports said ten. I saw another.

0:18:36.760 --> 0:18:39.800
<v Speaker 3>Report that said he had failed thirteen times but still

0:18:39.840 --> 0:18:42.639
<v Speaker 3>managed to get a license within a two month period

0:18:42.680 --> 0:18:48.399
<v Speaker 3>of time. So I know these kinds of things, the regulations,

0:18:48.640 --> 0:18:50.960
<v Speaker 3>these things need to be enforced. And if they don't

0:18:50.960 --> 0:18:54.800
<v Speaker 3>hear from you, it's your voice isn't going to be heard.

0:18:55.040 --> 0:18:57.360
<v Speaker 3>So we'll be talking to Louis Pugh later on about that.

0:18:57.640 --> 0:19:01.160
<v Speaker 3>But again you've got to be and when I put

0:19:01.160 --> 0:19:04.040
<v Speaker 3>out the word in terms of some of these bills

0:19:04.040 --> 0:19:06.640
<v Speaker 3>that are before Congress, and I'll give out the phone

0:19:06.720 --> 0:19:10.840
<v Speaker 3>number of the switchboard, again, I got to emphasize that

0:19:10.960 --> 0:19:13.240
<v Speaker 3>it is a very easy process. Is probably one of

0:19:13.280 --> 0:19:19.000
<v Speaker 3>the best things that the government does is the legislator

0:19:19.000 --> 0:19:22.600
<v Speaker 3>of the Congressional switchboard, because that handles the calls both

0:19:22.640 --> 0:19:25.280
<v Speaker 3>for the House and for the Senate. All you have

0:19:25.359 --> 0:19:27.560
<v Speaker 3>to do is call there. All you have to do

0:19:28.000 --> 0:19:30.879
<v Speaker 3>is give your name where you're located. And even if

0:19:30.920 --> 0:19:34.359
<v Speaker 3>you don't know your senator or congressman, they know they

0:19:34.400 --> 0:19:36.119
<v Speaker 3>can tell you which one it is, and then you

0:19:36.160 --> 0:19:40.119
<v Speaker 3>can leave your message for them. Of course, leave it

0:19:40.240 --> 0:19:42.840
<v Speaker 3>courteously and that type of thing. But if they hear

0:19:42.880 --> 0:19:45.680
<v Speaker 3>from you, then that will change their vote or prompt

0:19:45.760 --> 0:19:48.080
<v Speaker 3>them to vote on certain issues that are important to

0:19:48.119 --> 0:19:50.400
<v Speaker 3>the trucking industry. And if you don't take advantage of that,

0:19:50.680 --> 0:19:53.080
<v Speaker 3>your voice isn't going to be heard again. Twenty three

0:19:53.119 --> 0:19:57.159
<v Speaker 3>percent made up of other freight stakeholders. Among truck drivers respondents,

0:19:57.560 --> 0:20:02.040
<v Speaker 3>driver compensation, truck parking in England language proficiency were the

0:20:02.160 --> 0:20:09.440
<v Speaker 3>top three concerns. So again re emphasizing driver compensation, truck parking,

0:20:09.640 --> 0:20:14.040
<v Speaker 3>and English language proficiency are your top three concerns. The

0:20:14.080 --> 0:20:18.480
<v Speaker 3>top three concerns here on the overall survey were economy,

0:20:18.800 --> 0:20:23.879
<v Speaker 3>lawsuit abuse, insurance costs. Truck parking came in at number four.

0:20:24.320 --> 0:20:27.160
<v Speaker 3>That's number two on your list. So again, as far

0:20:27.200 --> 0:20:31.600
<v Speaker 3>as a respondence concern, compensation, truck parking and English language

0:20:31.600 --> 0:20:34.600
<v Speaker 3>proficiency were the top three concerns.

0:20:34.640 --> 0:20:37.560
<v Speaker 4>As far as overall driver Let's.

0:20:37.400 --> 0:20:41.760
<v Speaker 3>See, English language was down there around number seven, so

0:20:41.960 --> 0:20:45.600
<v Speaker 3>the difference between the overall survey, and what's important to

0:20:45.720 --> 0:20:49.080
<v Speaker 3>you is the key here, and so for you to

0:20:49.280 --> 0:20:52.680
<v Speaker 3>participate in this and change the dynamics of this and

0:20:52.720 --> 0:20:55.840
<v Speaker 3>what people are focused on, you need to participate in

0:20:55.880 --> 0:20:58.960
<v Speaker 3>some of these surveys. Again, let's see get back to

0:20:59.000 --> 0:21:02.240
<v Speaker 3>this the driver Company Station lawsuit. Over forty two hundred

0:21:02.240 --> 0:21:06.160
<v Speaker 3>trucking industry stakeholders participated in this year's survey, a fourteen

0:21:06.240 --> 0:21:10.480
<v Speaker 3>percent increase over twenty twenty four responders including motor carriers,

0:21:10.520 --> 0:21:14.639
<v Speaker 3>truck drivers, industry suppliers, driver trainers, and law enforcement, among

0:21:14.680 --> 0:21:17.720
<v Speaker 3>other groups. The complete results and the course, you can

0:21:17.720 --> 0:21:20.240
<v Speaker 3>go to the website there and I'll put this on

0:21:20.520 --> 0:21:23.440
<v Speaker 3>Facebook and then a link there to where you can

0:21:23.480 --> 0:21:25.800
<v Speaker 3>download the overall survey itself.

0:21:25.480 --> 0:21:26.720
<v Speaker 4>And you can read it for yourself.

0:21:26.720 --> 0:21:29.840
<v Speaker 3>But these things are extremely important, and when these things

0:21:29.880 --> 0:21:33.520
<v Speaker 3>come out, make sure that you fill it out because again,

0:21:34.040 --> 0:21:36.679
<v Speaker 3>your concerns should be the top priority.

0:21:37.040 --> 0:21:40.359
<v Speaker 4>Other you're out there, you are where the rubber meets

0:21:40.400 --> 0:21:43.080
<v Speaker 4>the road. You are there on a day to day.

0:21:42.960 --> 0:21:45.680
<v Speaker 3>Basis, busting your hump to get this freight from one

0:21:45.720 --> 0:21:50.320
<v Speaker 3>place to another. And despite what maybe the company is

0:21:50.400 --> 0:21:53.840
<v Speaker 3>interested in, or law enforcement or these other people are

0:21:53.840 --> 0:21:57.840
<v Speaker 3>interested in your concerns should be top priority, and they

0:21:57.880 --> 0:22:02.240
<v Speaker 3>should be focused on that because with you, this economy crumbles.

0:22:02.359 --> 0:22:06.480
<v Speaker 3>So I can't emphasize that enough. Last week, again towards

0:22:06.480 --> 0:22:08.440
<v Speaker 3>the end of the week, we had that story about

0:22:08.440 --> 0:22:12.440
<v Speaker 3>that horrific crash that happened in California, killing three people

0:22:12.480 --> 0:22:16.399
<v Speaker 3>from a person that well, first of all, he was

0:22:16.920 --> 0:22:21.720
<v Speaker 3>illegal that had somehow gotten a driver's license in California

0:22:22.240 --> 0:22:26.000
<v Speaker 3>and couldn't speak English, couldn't pass the English language proficiency,

0:22:26.560 --> 0:22:31.000
<v Speaker 3>and was on top of it all intoxicated. They say that,

0:22:31.359 --> 0:22:33.040
<v Speaker 3>you know, some of the reports said that he was

0:22:33.080 --> 0:22:38.359
<v Speaker 3>on drugs, So again, being intoxicated, be under being under

0:22:38.359 --> 0:22:43.280
<v Speaker 3>the influence, and driving an eighty thousand pound vehicle got

0:22:43.359 --> 0:22:47.119
<v Speaker 3>you know, just horrific. And if you've seen the accident,

0:22:47.440 --> 0:22:50.960
<v Speaker 3>if you've seen that dashboard camera of that, it is

0:22:50.960 --> 0:22:53.480
<v Speaker 3>one of the most horrific accidents I've ever seen in

0:22:53.520 --> 0:22:56.240
<v Speaker 3>my life. But again that kind of pushed some of

0:22:56.280 --> 0:22:58.240
<v Speaker 3>the economic news off to the side. And of course

0:22:58.280 --> 0:23:00.760
<v Speaker 3>we had we talked about that, talked about it on

0:23:00.800 --> 0:23:02.240
<v Speaker 3>our friend Dan.

0:23:02.119 --> 0:23:04.160
<v Speaker 4>Carroll show, who precedes this show.

0:23:04.480 --> 0:23:06.239
<v Speaker 3>I was able to talk to him about that on

0:23:06.320 --> 0:23:08.680
<v Speaker 3>his program, and then did our show later on in

0:23:08.720 --> 0:23:12.320
<v Speaker 3>the evening. So again some of the economic news we

0:23:12.359 --> 0:23:14.639
<v Speaker 3>didn't get to. We'll get to that coming up. We

0:23:14.720 --> 0:23:19.880
<v Speaker 3>had Jobless Claim Weekly Jobless claims some interesting information on

0:23:20.080 --> 0:23:23.560
<v Speaker 3>interest rates and existing home sales. I'm Kevin Gordon, America

0:23:23.600 --> 0:23:27.640
<v Speaker 3>struck In Network seven hundred WLW.

0:23:27.720 --> 0:23:29.560
<v Speaker 2>News Traffic and Weather.

0:23:30.160 --> 0:23:34.680
<v Speaker 10>News Radio seven hundred w l W, Cincinnati.

0:23:35.119 --> 0:23:37.800
<v Speaker 11>Could we have a deal between the US and China?

0:23:38.000 --> 0:23:41.240
<v Speaker 11>One person says yes. Well, the twelve thirty reports I'm

0:23:41.320 --> 0:23:45.280
<v Speaker 11>Lee Mawin breaking now that one person and President Donald Trump,

0:23:45.440 --> 0:23:48.520
<v Speaker 11>who's announced framework to a deal has been agreed.

0:23:48.280 --> 0:23:50.960
<v Speaker 12>Upon more than six months after he launched his trade

0:23:50.960 --> 0:23:53.680
<v Speaker 12>war with China. President Trump now says a deal could

0:23:53.720 --> 0:23:54.320
<v Speaker 12>be at hand.

0:23:54.960 --> 0:23:56.480
<v Speaker 4>Nothing has been agreed to yet.

0:23:56.920 --> 0:23:59.080
<v Speaker 2>Well you do it. We feel good, I mean, we

0:23:59.119 --> 0:23:59.600
<v Speaker 2>feel good.

0:24:00.000 --> 0:24:02.680
<v Speaker 12>The administration says they've reached the framework of an agreement

0:24:02.680 --> 0:24:05.560
<v Speaker 12>that covers spetanyl in tariffs and includes a pledge by

0:24:05.640 --> 0:24:09.359
<v Speaker 12>China to resume buying American agriculture like soybeans, and to

0:24:09.440 --> 0:24:12.560
<v Speaker 12>loosen restrictions on their sale of rare earth minerals critical

0:24:12.600 --> 0:24:14.240
<v Speaker 12>for making smartphones and cars.

0:24:14.600 --> 0:24:18.520
<v Speaker 11>ABC News Senior Political corresponded Rachel Scott Now.

0:24:18.440 --> 0:24:21.600
<v Speaker 10>The Ladies forecast from the Train Heating and Cooling Weather

0:24:21.720 --> 0:24:25.880
<v Speaker 10>Center on news radio seven hundred WLW over ninety.

0:24:25.640 --> 0:24:28.760
<v Speaker 1>To night and scattered rain showers the low forty seven degrees.

0:24:28.840 --> 0:24:31.240
<v Speaker 1>It will be partly sunny on Tuesday with a high

0:24:31.240 --> 0:24:34.160
<v Speaker 1>of sixty, but that's the last break we get. Chance

0:24:34.200 --> 0:24:36.840
<v Speaker 1>of rain begins Tuesday night and then on Wednesday, we're

0:24:36.840 --> 0:24:39.280
<v Speaker 1>looking at essentially a washout with a high in the

0:24:39.320 --> 0:24:42.359
<v Speaker 1>low fifties. That's the forecast on news radio seven hundred

0:24:42.560 --> 0:24:44.960
<v Speaker 1>WLW fifty three degrees right now.

0:24:45.040 --> 0:24:48.760
<v Speaker 11>Still some light rain hovering around the Ohio River, Norfolk, Entucky,

0:24:48.840 --> 0:24:54.000
<v Speaker 11>southeastern Indiana, and southwestern Ohio, mainly across Claremont and Brown

0:24:54.080 --> 0:24:58.480
<v Speaker 11>Counties again fifty three. The Department of Hotland Security claims

0:24:58.480 --> 0:25:01.800
<v Speaker 11>they've arrested a threat to national security and a British

0:25:01.880 --> 0:25:04.679
<v Speaker 11>journalist and political commentator on Sunday.

0:25:04.720 --> 0:25:08.719
<v Speaker 13>British journalist and political commentator Sammy Hamdi was detained at

0:25:08.760 --> 0:25:12.280
<v Speaker 13>San Francisco International Airport. He had been speaking in Sacramento

0:25:12.320 --> 0:25:15.000
<v Speaker 13>and was heading to another event in Florida. The Department

0:25:15.040 --> 0:25:17.800
<v Speaker 13>of Homeland Security says he had his visa revoked because

0:25:17.840 --> 0:25:21.600
<v Speaker 13>Homdi poses a threat to national security. Rashad Norsey is

0:25:21.640 --> 0:25:25.640
<v Speaker 13>executive director of the Council on American Islamic Relations in Sacramento.

0:25:25.760 --> 0:25:28.720
<v Speaker 10>He has been publicly speaking about the genocide and Gaza.

0:25:28.880 --> 0:25:32.199
<v Speaker 13>In response to DHS saisose who support terrorism will not

0:25:32.240 --> 0:25:34.320
<v Speaker 13>be allowed to work or visit the US.

0:25:34.640 --> 0:25:38.120
<v Speaker 11>Alex Stone EBC News. Our next update is that one

0:25:38.520 --> 0:25:42.520
<v Speaker 11>I'mley Mawen. Who's video seven hundred WLW.

0:25:41.920 --> 0:25:43.000
<v Speaker 4>Johnny Knoxville Here.

0:25:43.119 --> 0:25:45.680
<v Speaker 3>Check out crime list Bill Billy Heist my new true

0:25:45.720 --> 0:25:47.240
<v Speaker 3>crime podcast.

0:25:46.960 --> 0:25:47.439
<v Speaker 4>The Truth.

0:25:55.280 --> 0:25:57.639
<v Speaker 14>Here's your trucking forecast for the Tri State and the

0:25:57.680 --> 0:25:59.359
<v Speaker 14>rest of the country. In the Tri State of a

0:25:59.400 --> 0:26:01.440
<v Speaker 14>night mostly with a slight chance of rain, the low

0:26:01.480 --> 0:26:04.600
<v Speaker 14>down to forty seven, partly Sunday, Tuesday high year sixty

0:26:04.840 --> 0:26:08.920
<v Speaker 14>rain Wednesday, a high fifty two. Thursday cloudy with rain

0:26:09.080 --> 0:26:11.200
<v Speaker 14>likely the first half of the day. Eyes again will

0:26:11.200 --> 0:26:14.200
<v Speaker 14>be in the lower fifties nationally through Tuesday on. Subtle

0:26:14.200 --> 0:26:16.879
<v Speaker 14>weather and cooler temperatures will continue across the southeast and

0:26:16.920 --> 0:26:21.480
<v Speaker 14>southern Appalachians, with some instances of isolated flash flooding possible. Meanwhile,

0:26:21.480 --> 0:26:24.040
<v Speaker 14>a new storm system organizing across the middle and lower

0:26:24.080 --> 0:26:27.920
<v Speaker 14>Mississippi Valley by midweek, with widespread showers and storms expected,

0:26:28.040 --> 0:26:29.960
<v Speaker 14>the central and eastern half of the country will start

0:26:29.960 --> 0:26:32.440
<v Speaker 14>to see below average temperatures on Tuesday.

0:26:34.720 --> 0:26:38.600
<v Speaker 3>Seven hundred WLW. I'm Kevin Gordon. This is America's Truck

0:26:38.600 --> 0:26:41.960
<v Speaker 3>and Network. America's truck and Network supports the mission of

0:26:42.080 --> 0:26:43.280
<v Speaker 3>Reese Across America.

0:26:43.680 --> 0:26:46.440
<v Speaker 4>You can hear us every truck and Tuesday.

0:26:45.920 --> 0:26:50.040
<v Speaker 3>At five am and ten am on Eastern on Reese

0:26:50.119 --> 0:26:54.600
<v Speaker 3>Across America Radio. Available on the iHeartRadio app. Search the

0:26:54.640 --> 0:27:01.200
<v Speaker 3>word Rease now that's wr EAHS for Reese Across America Radio.

0:27:01.480 --> 0:27:03.760
<v Speaker 3>And thank you to all our truckers for supporting the

0:27:03.840 --> 0:27:07.120
<v Speaker 3>mission of Reese Across America. And if you missed any

0:27:07.160 --> 0:27:10.080
<v Speaker 3>of our shows last week or any portion of the show,

0:27:10.320 --> 0:27:12.960
<v Speaker 3>hit up that iHeartRadio app brought to our brought to

0:27:12.960 --> 0:27:15.800
<v Speaker 3>you buyer friends at Rush Truck Centers, we got weekly

0:27:15.920 --> 0:27:17.720
<v Speaker 3>jobless claims increase.

0:27:19.760 --> 0:27:20.720
<v Speaker 4>I love this this.

0:27:21.680 --> 0:27:24.879
<v Speaker 3>I'm looking so forward to talking about this particular story

0:27:24.960 --> 0:27:27.960
<v Speaker 3>only because of the way they kind of jimmy the

0:27:28.040 --> 0:27:29.000
<v Speaker 3>numbers around here.

0:27:29.080 --> 0:27:29.600
<v Speaker 4>I don't watch.

0:27:29.760 --> 0:27:33.080
<v Speaker 3>The number of Americas filing new application for jobless benefits

0:27:33.320 --> 0:27:37.800
<v Speaker 3>increased last week economists estimated on Thursday, and more people

0:27:37.840 --> 0:27:42.080
<v Speaker 3>were collecting unemployment checks in early October amid easing labor

0:27:42.200 --> 0:27:46.479
<v Speaker 3>market conditions. Initial claims for state unemployment benefits now, I'm

0:27:46.480 --> 0:27:48.639
<v Speaker 3>going to give you the worst number first here. Okay,

0:27:48.840 --> 0:27:51.600
<v Speaker 3>initial job as claims for state unemployment benefits rose to

0:27:51.600 --> 0:27:54.800
<v Speaker 3>a seasonal adjusted two hundred and thirty two thousand. Now,

0:27:54.840 --> 0:27:58.080
<v Speaker 3>that's up five percent from last week October the eighteenth,

0:27:58.520 --> 0:28:01.640
<v Speaker 3>up from two hundred seventeen. Well, the number last week

0:28:01.720 --> 0:28:04.719
<v Speaker 3>was two hundred and seventeen. Apparently that got adjusted up

0:28:04.760 --> 0:28:07.560
<v Speaker 3>to two twenty, but they don't say when it was

0:28:07.600 --> 0:28:10.080
<v Speaker 3>adjusted or how it was adjusted, but anyway, they're using

0:28:10.119 --> 0:28:12.080
<v Speaker 3>the number of comparison of two hundred and twenty.

0:28:12.280 --> 0:28:12.560
<v Speaker 4>Now.

0:28:12.680 --> 0:28:15.639
<v Speaker 3>It's interesting that in the prior weeks because of the

0:28:15.680 --> 0:28:19.199
<v Speaker 3>government shut down, this information that is collected by the

0:28:19.240 --> 0:28:24.399
<v Speaker 3>states is available and uploaded to the US the Bureau

0:28:24.400 --> 0:28:27.679
<v Speaker 3>of Labor Statistics website, so people can still get on

0:28:27.800 --> 0:28:30.879
<v Speaker 3>there and see that. And so we have had JP

0:28:31.040 --> 0:28:35.040
<v Speaker 3>Morgan chase their people in their company as well as

0:28:35.080 --> 0:28:39.040
<v Speaker 3>Goldman Sacks pulling that information down and then based on

0:28:39.480 --> 0:28:41.880
<v Speaker 3>some of the states that don't report, and then they

0:28:41.920 --> 0:28:45.200
<v Speaker 3>can do that there's a formula that the that the

0:28:45.240 --> 0:28:48.600
<v Speaker 3>Bureau of Labor Statistics puts out and so that they

0:28:48.600 --> 0:28:51.480
<v Speaker 3>can say, okay, well, based on this, we can estimate this,

0:28:51.640 --> 0:28:56.200
<v Speaker 3>and we can estimate that. So it's, you know, whatever

0:28:56.280 --> 0:28:59.920
<v Speaker 3>formula they use, and then they do a seasonal adjustment

0:29:00.080 --> 0:29:03.920
<v Speaker 3>on those numbers as well. But Goldman Sachs and JP

0:29:04.040 --> 0:29:06.479
<v Speaker 3>Morgan has been doing this the last couple of weeks.

0:29:06.640 --> 0:29:10.840
<v Speaker 3>And as I've been pointing out, those numbers are available.

0:29:10.880 --> 0:29:13.080
<v Speaker 3>So why are we waiting on the Bureau of Labor

0:29:13.080 --> 0:29:16.080
<v Speaker 3>Statistics to do this for us? And why isn't it

0:29:16.160 --> 0:29:19.680
<v Speaker 3>mandated that these states get their numbers in properly so

0:29:19.720 --> 0:29:23.360
<v Speaker 3>there aren't these adjustments later on, because if they don't

0:29:23.360 --> 0:29:27.040
<v Speaker 3>get their numbers in, you don't have an accurate information.

0:29:27.600 --> 0:29:30.320
<v Speaker 3>And if the Federal Reserve and all these other people,

0:29:30.400 --> 0:29:32.960
<v Speaker 3>as far as the stock market is concerned, as far

0:29:33.000 --> 0:29:35.719
<v Speaker 3>as businesses are concerned, as far as a reading of

0:29:35.760 --> 0:29:38.800
<v Speaker 3>the economy, if that, if you don't have a complete

0:29:38.880 --> 0:29:43.800
<v Speaker 3>set of data, how can you make the intelligent conclusion?

0:29:44.280 --> 0:29:47.120
<v Speaker 3>And so the fact that these states, you know, they

0:29:47.160 --> 0:29:49.520
<v Speaker 3>take their time getting this stuff in, and as they

0:29:49.560 --> 0:29:50.440
<v Speaker 3>point out here, there's a.

0:29:50.400 --> 0:29:51.000
<v Speaker 4>Couple of states.

0:29:51.000 --> 0:29:53.200
<v Speaker 3>We'll get to it, but my point here is is

0:29:53.240 --> 0:29:55.840
<v Speaker 3>that all of a sudden, this week, after two to

0:29:55.960 --> 0:30:00.400
<v Speaker 3>three weeks of it only being JP Morgan and Goldman's Sacks,

0:30:00.840 --> 0:30:04.840
<v Speaker 3>all of a sudden, City Group and Nationwide jump in here. Now,

0:30:05.280 --> 0:30:09.600
<v Speaker 3>Nationwide and City Group said that the unemployment rate was

0:30:09.640 --> 0:30:12.760
<v Speaker 3>two hundred and thirty two thousand, which is a five

0:30:12.800 --> 0:30:17.680
<v Speaker 3>percent increase. However, Goldman Sacks estimated the number at two

0:30:17.800 --> 0:30:22.320
<v Speaker 3>hundred and twenty seven thousand, which is a three percent increase,

0:30:22.760 --> 0:30:26.560
<v Speaker 3>and Goldman Sacks or I'm sorry, Goldman Sacks was at

0:30:26.560 --> 0:30:29.320
<v Speaker 3>two hundred and twenty seven thousand, a three percent increase.

0:30:29.520 --> 0:30:31.800
<v Speaker 3>JP Morgan put the number at two hundred and twenty

0:30:31.880 --> 0:30:35.719
<v Speaker 3>nine a four percent. So if you're looking at unemployment

0:30:35.760 --> 0:30:37.600
<v Speaker 3>rate and you see two hundred and twenty the previous

0:30:37.600 --> 0:30:39.880
<v Speaker 3>week and see two twenty seven years, thinking, oh, that's

0:30:39.880 --> 0:30:43.920
<v Speaker 3>still in the twenties, not too bad. But because City

0:30:43.960 --> 0:30:47.680
<v Speaker 3>Group and Nationwide came up with their calculations above two

0:30:47.800 --> 0:30:51.280
<v Speaker 3>hundred and thirty thousand, that is what Reuters went with

0:30:51.440 --> 0:30:56.960
<v Speaker 3>weekly jobas claims increase, more people collecting unemployment checks, economists estimate,

0:30:58.000 --> 0:31:01.120
<v Speaker 3>but it do'll say that those are two outliers that

0:31:01.200 --> 0:31:04.080
<v Speaker 3>hadn't even been participating in this over the last couple

0:31:04.080 --> 0:31:05.920
<v Speaker 3>of weeks. Now all of a sudden, they come in

0:31:05.960 --> 0:31:08.640
<v Speaker 3>with a higher number. And that's the number you lead with,

0:31:09.000 --> 0:31:11.520
<v Speaker 3>Not the people that you've been talking about over the

0:31:11.560 --> 0:31:14.320
<v Speaker 3>last couple of weeks that have taken upon themselves to

0:31:14.360 --> 0:31:16.640
<v Speaker 3>report this data. You've got to go with somebody for

0:31:16.680 --> 0:31:21.000
<v Speaker 3>the first time. Unbelievable. The bias by the spoon fed

0:31:21.040 --> 0:31:26.000
<v Speaker 3>regurgitators in the mainstream media is just absolutely incredible. I

0:31:26.080 --> 0:31:29.600
<v Speaker 3>keep pointing it out, keep pointing out how and again

0:31:29.960 --> 0:31:32.240
<v Speaker 3>this goes to my opinion that a lot of these

0:31:32.240 --> 0:31:35.320
<v Speaker 3>spoon fed regurgitators in the mainstream media from day one

0:31:35.400 --> 0:31:38.960
<v Speaker 3>of the Trump administration have been trying to manufacture a recession.

0:31:39.160 --> 0:31:41.680
<v Speaker 3>They're trying to put the idea in people's head that

0:31:41.720 --> 0:31:45.560
<v Speaker 3>things aren't going right in the economy. And day after

0:31:45.640 --> 0:31:48.200
<v Speaker 3>day we talk about these things, and how we point

0:31:48.200 --> 0:31:51.440
<v Speaker 3>to where the asenine predictions that they've come up with

0:31:51.640 --> 0:31:55.920
<v Speaker 3>and the asenine statements that they've made are disproven based

0:31:55.960 --> 0:31:58.000
<v Speaker 3>on the facts that they even present.

0:31:58.440 --> 0:32:01.200
<v Speaker 4>So it's interesting, and you know, I would.

0:32:01.000 --> 0:32:03.040
<v Speaker 3>Love to be on a debate stage with these people

0:32:03.360 --> 0:32:07.000
<v Speaker 3>or at a conference, you know, you know, these roundtable discussions,

0:32:07.280 --> 0:32:09.040
<v Speaker 3>and when they come up with this number, be able

0:32:09.080 --> 0:32:11.120
<v Speaker 3>to say, well, you know, I don't agree with it

0:32:11.160 --> 0:32:13.239
<v Speaker 3>because this, this and this and this, And they say, well,

0:32:13.280 --> 0:32:14.920
<v Speaker 3>your numbers are wrong. I said, well, you know, go

0:32:14.960 --> 0:32:18.120
<v Speaker 3>to your website, because that's where I got your information. Anyway,

0:32:19.480 --> 0:32:23.560
<v Speaker 3>claims data was unavailable for Tennessee, Massachusetts, and Colorado, but

0:32:23.640 --> 0:32:26.959
<v Speaker 3>economists made assumptions for the three states, similar to what

0:32:27.000 --> 0:32:30.160
<v Speaker 3>the Labor Department would normally do when data is not available.

0:32:30.480 --> 0:32:35.000
<v Speaker 3>And again, if this information being so important, and it

0:32:35.040 --> 0:32:38.280
<v Speaker 3>seems that whenever we talk about these numbers, Massachusetts is

0:32:38.280 --> 0:32:41.120
<v Speaker 3>one of the ones that are always the latest, and

0:32:41.160 --> 0:32:45.080
<v Speaker 3>it seems like the North Northeast is always late as well.

0:32:45.720 --> 0:32:47.520
<v Speaker 3>I don't know if you recall, but a lot of

0:32:47.520 --> 0:32:50.240
<v Speaker 3>times when we talk about tonnage coming in from the

0:32:50.280 --> 0:32:53.600
<v Speaker 3>individual ports, we will get the reports from you know,

0:32:54.000 --> 0:32:58.480
<v Speaker 3>the East Coast will get Savannah, we'll get the Charleston area,

0:32:58.520 --> 0:33:02.920
<v Speaker 3>will get the up in Virginia. But then the ports

0:33:03.280 --> 0:33:09.280
<v Speaker 3>of New York and New York and Maine, those numbers

0:33:09.280 --> 0:33:11.840
<v Speaker 3>always come in late. And then when we look at

0:33:11.880 --> 0:33:14.360
<v Speaker 3>the West coast, those numbers always seem to come in

0:33:14.440 --> 0:33:16.920
<v Speaker 3>on time. There's never anything of like, well, the Port

0:33:16.960 --> 0:33:20.320
<v Speaker 3>of Long Ise or the Port of San Diego and

0:33:20.680 --> 0:33:23.200
<v Speaker 3>Los Angeles, those two ports, and then you've got the

0:33:23.240 --> 0:33:26.960
<v Speaker 3>ports up in Washington. Those reports never come in late.

0:33:27.000 --> 0:33:29.440
<v Speaker 3>But it always seems that the Port of New York

0:33:29.560 --> 0:33:32.080
<v Speaker 3>or New Jersey, those always seem to come in late.

0:33:32.240 --> 0:33:34.600
<v Speaker 3>So again there must be something there in the water

0:33:35.280 --> 0:33:37.800
<v Speaker 3>where the people in the Northeast are late, because again

0:33:37.920 --> 0:33:41.000
<v Speaker 3>Massachusetts seems to always be late with their numbers coming

0:33:41.000 --> 0:33:44.560
<v Speaker 3>in on these unemployment numbers. States continue to collect the

0:33:44.680 --> 0:33:47.680
<v Speaker 3>claims figures, submitting them to the Labor Department despite the

0:33:47.720 --> 0:33:51.560
<v Speaker 3>shutdown of US government and has caused economic data blackout.

0:33:52.000 --> 0:33:56.200
<v Speaker 3>Economists have been have taken the unadjusted data to make

0:33:56.400 --> 0:33:59.120
<v Speaker 3>estimates using seasonal adjustment factors and they go into the

0:33:59.160 --> 0:34:03.040
<v Speaker 3>detail and all this the latest state level jobless according

0:34:03.080 --> 0:34:07.240
<v Speaker 3>to this Orin Klatkin, he is a financial market economist

0:34:07.320 --> 0:34:11.240
<v Speaker 3>at Nationwide. The latest state level jobless claims data suggests

0:34:11.239 --> 0:34:16.440
<v Speaker 3>the labor market remains steady and that layoffs have remained low. Interesting,

0:34:16.640 --> 0:34:20.840
<v Speaker 3>the estimated claims have stayed within their pre shutdown range,

0:34:21.040 --> 0:34:25.080
<v Speaker 3>suggesting there's not been a material pick up in layoffs,

0:34:25.160 --> 0:34:27.720
<v Speaker 3>but there have been a spike in applications of federal

0:34:27.719 --> 0:34:32.160
<v Speaker 3>employers in recent weeks or employees rather in recent weeks,

0:34:32.680 --> 0:34:34.960
<v Speaker 3>likely related to the more than one hundred and fifty

0:34:35.000 --> 0:34:39.600
<v Speaker 3>thousand workers who dropped off the payrolls. However, those numbers

0:34:39.640 --> 0:34:42.600
<v Speaker 3>for the federal workers are put in a different category,

0:34:42.960 --> 0:34:46.799
<v Speaker 3>so it doesn't reflect this because these people haven't been

0:34:46.880 --> 0:34:49.840
<v Speaker 3>laid off and they're not being called back. They're merely

0:34:50.000 --> 0:34:53.319
<v Speaker 3>furloughed and when they do come back, they will be

0:34:53.360 --> 0:34:56.800
<v Speaker 3>collecting back pay, so they're not part of these weekly

0:34:56.920 --> 0:35:01.160
<v Speaker 3>jobless numbers, which is a very important point. Let me see,

0:35:01.160 --> 0:35:04.960
<v Speaker 3>the number of people receiving unemployment benefits for initial beyond

0:35:04.960 --> 0:35:08.279
<v Speaker 3>the initial week proxy for hiring has gone up a

0:35:08.280 --> 0:35:12.120
<v Speaker 3>little bit, to let me see, gone up to one

0:35:12.120 --> 0:35:15.360
<v Speaker 3>point nine four to two million, up from one point

0:35:15.440 --> 0:35:19.120
<v Speaker 3>nine to eight million, so not a big raise there.

0:35:19.680 --> 0:35:23.680
<v Speaker 3>Calculations for these so called continuing claims by Goldman, Sachs, JP,

0:35:23.840 --> 0:35:27.800
<v Speaker 3>Morgan and Nationwide were within the ballpark, so those numbers

0:35:27.880 --> 0:35:30.200
<v Speaker 3>are all within the ballpark. It was the initial job

0:35:30.280 --> 0:35:34.120
<v Speaker 3>as claims that there was some discrepancy the elevated, continued

0:35:34.160 --> 0:35:40.120
<v Speaker 3>claims readings suggests unemployed people are experiencing difficulties landing new position,

0:35:40.760 --> 0:35:45.440
<v Speaker 3>jobless rate still holding at four point three percent. Gizella Young,

0:35:45.520 --> 0:35:49.120
<v Speaker 3>an Economists and City Group, said these like this likely

0:35:49.160 --> 0:35:53.160
<v Speaker 3>reflects the low hiring environment, as typically hiring would pick

0:35:53.239 --> 0:35:57.040
<v Speaker 3>up in October for the holiday season. She throws in here,

0:35:57.120 --> 0:36:01.840
<v Speaker 3>some indications suggest holiday hiring may be less than usual

0:36:02.000 --> 0:36:05.240
<v Speaker 3>this year. That's the first time I've heard that number

0:36:05.520 --> 0:36:08.279
<v Speaker 3>or anybody talking about that. A lot of things that

0:36:08.320 --> 0:36:11.000
<v Speaker 3>I've been reading saying that we're looking for a robust

0:36:11.280 --> 0:36:14.080
<v Speaker 3>holiday season. So I don't know where she's getting her data,

0:36:14.120 --> 0:36:16.600
<v Speaker 3>but we'll see who's right. I'm Kevin Gordon, America's truck

0:36:16.640 --> 0:36:19.279
<v Speaker 3>and Network, seven hundred WLW.

0:36:19.520 --> 0:36:21.640
<v Speaker 11>You know what your customers are doing right this second,

0:36:21.840 --> 0:36:24.960
<v Speaker 11>the exact same thing you are listening to me, which,

0:36:25.080 --> 0:36:26.799
<v Speaker 11>let's be honest, is kind of This.

0:36:27.440 --> 0:36:30.719
<v Speaker 3>Is America's Trucking Network, seven hundred WLW.

0:36:30.760 --> 0:36:33.000
<v Speaker 4>I'm Kevin Gordon. I was going to talk a little

0:36:33.000 --> 0:36:34.120
<v Speaker 4>bit about last week.

0:36:34.160 --> 0:36:38.880
<v Speaker 3>We had the numbers coming in for refinancing the rates people.

0:36:39.000 --> 0:36:41.920
<v Speaker 3>It was up eighty one percent higher than it was

0:36:41.920 --> 0:36:45.160
<v Speaker 3>a year ago, and then the next day we got

0:36:45.520 --> 0:36:48.480
<v Speaker 3>indications that there were lower mortgage rates and we had

0:36:48.520 --> 0:36:50.640
<v Speaker 3>some existing home sales. We're not going to have a

0:36:50.920 --> 0:36:53.960
<v Speaker 3>chance to get to that because also last week we

0:36:54.080 --> 0:36:57.920
<v Speaker 3>got inflation data, and so anyway, we'll get to all

0:36:57.960 --> 0:37:01.120
<v Speaker 3>of the tomorrow. But some very good numbers there, I

0:37:01.200 --> 0:37:03.920
<v Speaker 3>might add, But I got such a kick out of

0:37:03.920 --> 0:37:08.040
<v Speaker 3>seeing these reports on the inflation numbers. Okay, the consumer

0:37:08.120 --> 0:37:11.319
<v Speaker 3>price indeck was scheduled to come in.

0:37:11.520 --> 0:37:12.600
<v Speaker 4>Okay, it was.

0:37:12.840 --> 0:37:16.600
<v Speaker 3>It was on the calendar, come in on the fifteenth,

0:37:16.760 --> 0:37:21.520
<v Speaker 3>all right, Today is the twenty eighth. It is thirteen

0:37:21.600 --> 0:37:24.840
<v Speaker 3>days later, maybe two, let's call it two weeks. Okay,

0:37:25.280 --> 0:37:29.440
<v Speaker 3>we'll estimate up, we'll round up. Okay, a lot of

0:37:29.480 --> 0:37:33.080
<v Speaker 3>the stories I kept saying, I kept seeing the much

0:37:33.239 --> 0:37:37.040
<v Speaker 3>delayed consumer price indecks finally came out.

0:37:38.160 --> 0:37:40.800
<v Speaker 4>We're talking thirteen days.

0:37:41.520 --> 0:37:45.320
<v Speaker 3>I mean, you would think when they said the much

0:37:45.560 --> 0:37:50.160
<v Speaker 3>delayed or the numbers finally coming out, you would think

0:37:50.200 --> 0:37:52.560
<v Speaker 3>that you're talking about a month, month and a half,

0:37:52.719 --> 0:37:56.279
<v Speaker 3>six weeks somewhere along those lines. But two weeks, I mean,

0:37:56.400 --> 0:37:59.600
<v Speaker 3>for crying out loud, and remember a couple of weeks ago,

0:37:59.680 --> 0:38:03.080
<v Speaker 3>we were talking about how people were whining about. And

0:38:03.120 --> 0:38:06.800
<v Speaker 3>it's not the consumers, it's the economists, mind you talking

0:38:06.800 --> 0:38:10.879
<v Speaker 3>about and trying to stir up a controversy if you will,

0:38:11.280 --> 0:38:15.080
<v Speaker 3>saying that, well, this is the this is the number

0:38:15.160 --> 0:38:21.160
<v Speaker 3>that's so important for the Social Security cola, the cost

0:38:21.200 --> 0:38:24.960
<v Speaker 3>of living allowance increase. This is the period and if

0:38:25.000 --> 0:38:28.640
<v Speaker 3>that number doesn't come in the delay in terms of

0:38:28.800 --> 0:38:32.799
<v Speaker 3>putting that adjustment into those checks, it may not get there,

0:38:33.120 --> 0:38:37.879
<v Speaker 3>to which I'm saying, Okay, we're talking about October.

0:38:38.200 --> 0:38:40.120
<v Speaker 4>We're talking about October.

0:38:39.800 --> 0:38:42.880
<v Speaker 3>The tenth, where it came out last year, and it

0:38:42.960 --> 0:38:45.640
<v Speaker 3>was scheduled to come in on the fifteenth this year,

0:38:46.239 --> 0:38:48.480
<v Speaker 3>and so they delayed it by a week, week and

0:38:48.520 --> 0:38:51.719
<v Speaker 3>a half, I mean for actually today's the twenty Let

0:38:51.760 --> 0:38:55.359
<v Speaker 3>me back up here a second. It isn't this is

0:38:55.480 --> 0:38:58.160
<v Speaker 3>a week delay because it was supposed to come out

0:38:58.280 --> 0:39:03.479
<v Speaker 3>on the fifteenth and actually came out on the twenty third,

0:39:03.560 --> 0:39:06.400
<v Speaker 3>So we're only talking about eight days there. I'm forgetting

0:39:06.400 --> 0:39:08.840
<v Speaker 3>that we had a weekend in between here, What's wrong

0:39:08.880 --> 0:39:11.960
<v Speaker 3>with me? But anyway, so it was a week delay,

0:39:12.280 --> 0:39:15.920
<v Speaker 3>and they're talking about much delayed numbers. But anyway, they

0:39:15.920 --> 0:39:18.000
<v Speaker 3>were talking a couple of weeks ago about well, if

0:39:18.000 --> 0:39:20.319
<v Speaker 3>this number doesn't get out, then you know they're not

0:39:20.320 --> 0:39:22.360
<v Speaker 3>going to be able to adjust these Social Security checks.

0:39:22.360 --> 0:39:24.839
<v Speaker 3>I'm thinking, you know, we're at the we'll be at

0:39:24.840 --> 0:39:26.920
<v Speaker 3>the end of October. They got all of November, they

0:39:26.960 --> 0:39:29.799
<v Speaker 3>got all of December, and the first checks don't come

0:39:29.800 --> 0:39:32.920
<v Speaker 3>out until January. We're not in the process now where

0:39:32.960 --> 0:39:35.680
<v Speaker 3>we're sitting there with you know, the green eye shades,

0:39:35.719 --> 0:39:38.239
<v Speaker 3>the sleeves rolled up and those little armbands on there,

0:39:38.440 --> 0:39:41.200
<v Speaker 3>people sitting at ledgers and writing in the numbers in

0:39:41.280 --> 0:39:43.600
<v Speaker 3>the little boxes and that type of thing, and then

0:39:43.600 --> 0:39:45.960
<v Speaker 3>that has to go here and go over there. They're

0:39:45.960 --> 0:39:49.360
<v Speaker 3>on computers. They can be adjusted. It should just be

0:39:49.440 --> 0:39:53.600
<v Speaker 3>a mere programming thing that can be done easily. But

0:39:53.640 --> 0:39:55.839
<v Speaker 3>then again, we're talking about the federal government, so maybe

0:39:55.880 --> 0:40:00.040
<v Speaker 3>I'm talking wrong here. But anyway, the number inflation a

0:40:00.480 --> 0:40:05.279
<v Speaker 3>three percent lower than expected. Prices that people pay for

0:40:05.320 --> 0:40:08.400
<v Speaker 3>a variety of goods and services rose less than expected

0:40:08.440 --> 0:40:12.000
<v Speaker 3>in September, according to the Bureau of Labor Statistics. Now,

0:40:12.320 --> 0:40:15.040
<v Speaker 3>the people that were in the Bureau Labor Statistics, they

0:40:15.080 --> 0:40:18.200
<v Speaker 3>had been furloughed and because this cost of living index

0:40:18.360 --> 0:40:22.080
<v Speaker 3>was to be calculated they brought them back in specifically

0:40:22.160 --> 0:40:24.800
<v Speaker 3>to do these numbers. No other data but the cost

0:40:24.880 --> 0:40:27.320
<v Speaker 3>of the Consumer Price Index and then this cost of

0:40:27.360 --> 0:40:29.040
<v Speaker 3>living adjustment for Social Security.

0:40:29.160 --> 0:40:31.719
<v Speaker 4>They brought them back in to do that. So this

0:40:31.800 --> 0:40:33.120
<v Speaker 4>number came out from them.

0:40:33.760 --> 0:40:36.960
<v Speaker 3>Consumer Price Index showed a point three percent increase on

0:40:37.000 --> 0:40:41.560
<v Speaker 3>the month, putting the annual inflation rate at three percent. CONDOMA,

0:40:41.680 --> 0:40:44.359
<v Speaker 3>surveyed by dal Jones, had been looking for readings of

0:40:44.640 --> 0:40:48.840
<v Speaker 3>point four or a three point one percent increase excluding

0:40:48.840 --> 0:40:52.000
<v Speaker 3>food and energy. Course, EPI showed a point two percent

0:40:52.080 --> 0:40:56.399
<v Speaker 3>monthly gained an annual rate at three percent. Now I

0:40:56.440 --> 0:40:58.919
<v Speaker 3>saw a number the other day when this was being

0:40:58.960 --> 0:41:02.400
<v Speaker 3>reported that that number for the month was two point seven.

0:41:02.480 --> 0:41:05.800
<v Speaker 3>So I'm not sure where they're getting that three percent,

0:41:05.920 --> 0:41:09.320
<v Speaker 3>but that's what they put in here. Now they're talking

0:41:09.320 --> 0:41:12.680
<v Speaker 3>about here that some of these adjustments and what they're

0:41:12.719 --> 0:41:17.160
<v Speaker 3>looking at. They break that down in terms of where

0:41:17.280 --> 0:41:20.719
<v Speaker 3>the gains came from. Let me see, the annual rate

0:41:20.800 --> 0:41:23.880
<v Speaker 3>was three percent compared to estimates and so on. I

0:41:23.960 --> 0:41:26.399
<v Speaker 3>love this this guy. I guess this guy thinks he's

0:41:26.440 --> 0:41:29.640
<v Speaker 3>some sort of a well, I don't know, a novelist

0:41:29.719 --> 0:41:31.520
<v Speaker 3>or something like that. So he comes up to this

0:41:31.560 --> 0:41:36.920
<v Speaker 3>phrase John Kirshner, like an oasis slaking the thirst of

0:41:37.000 --> 0:41:42.360
<v Speaker 3>a weary desert traveler. Today's CPI number offered investors the

0:41:42.520 --> 0:41:47.160
<v Speaker 3>first tidbit of information from the barren wasteland of government

0:41:47.239 --> 0:41:52.520
<v Speaker 3>data that has existed since this shutdown October one. All right,

0:41:52.600 --> 0:41:55.080
<v Speaker 3>this was written on the twenty fourth. We're talking twenty

0:41:55.120 --> 0:41:59.120
<v Speaker 3>three days. And he's out in this information desert. He's

0:41:59.160 --> 0:42:02.800
<v Speaker 3>out there in this wasteland. He's waiting for his thirst

0:42:02.840 --> 0:42:07.960
<v Speaker 3>to be slaked, which means quenched. But you know, he

0:42:08.040 --> 0:42:10.840
<v Speaker 3>has to throw this five dollars word in there and

0:42:11.200 --> 0:42:14.200
<v Speaker 3>actually make this analogy as if you know you're out

0:42:14.239 --> 0:42:16.200
<v Speaker 3>in the middle of the desert, you just can't get

0:42:16.239 --> 0:42:19.640
<v Speaker 3>this information. But as we've pointed out, this data is

0:42:19.719 --> 0:42:24.800
<v Speaker 3>available through other sources. What these people are talking about

0:42:25.040 --> 0:42:27.880
<v Speaker 3>is that this data being collected by the federal government.

0:42:28.200 --> 0:42:32.400
<v Speaker 3>Them doing this and then releasing it. All the levers,

0:42:32.480 --> 0:42:36.200
<v Speaker 3>all the switches that they pull, and levers that the

0:42:36.200 --> 0:42:38.680
<v Speaker 3>switches that they switch, and the buttons that they push

0:42:38.840 --> 0:42:41.359
<v Speaker 3>and the levers that they pull, that numbers are all

0:42:41.400 --> 0:42:45.160
<v Speaker 3>available to these people themselves. They can pull this number out,

0:42:45.200 --> 0:42:47.920
<v Speaker 3>Like we looked at Goldman Sachs and JP Morgan. As

0:42:47.960 --> 0:42:50.160
<v Speaker 3>far as the unemployment ombers, A lot of this number

0:42:50.200 --> 0:42:53.120
<v Speaker 3>of this information is already available. They're just waiting on

0:42:53.200 --> 0:42:55.879
<v Speaker 3>it to be spoon fed to them so that they

0:42:55.920 --> 0:42:58.600
<v Speaker 3>can make their economic analysis. God forbid that they do

0:42:58.920 --> 0:43:00.919
<v Speaker 3>a little bit more leg work in order to.

0:43:01.080 --> 0:43:01.759
<v Speaker 4>Do their job.

0:43:02.480 --> 0:43:05.720
<v Speaker 3>But let me see four percent jump in in gasoline prices,

0:43:05.760 --> 0:43:08.520
<v Speaker 3>which I find kind of interesting because if you look

0:43:08.560 --> 0:43:12.200
<v Speaker 3>at the triple A national average of gas prices and

0:43:12.200 --> 0:43:16.799
<v Speaker 3>stuff the month basis, we are looking at numbers that

0:43:16.840 --> 0:43:19.840
<v Speaker 3>are down from the previous month, about eight cents a

0:43:19.880 --> 0:43:22.799
<v Speaker 3>gallon from the previous month, and where they're saying there's

0:43:22.800 --> 0:43:25.319
<v Speaker 3>a four point one percent increase, I'm not.

0:43:25.239 --> 0:43:27.040
<v Speaker 4>Sure that their data is all that correct.

0:43:27.320 --> 0:43:30.160
<v Speaker 3>Food prices saw a point two percent, that's two tenths

0:43:30.200 --> 0:43:34.760
<v Speaker 3>of one percentage point increase, commodity prices and so on. Now,

0:43:35.040 --> 0:43:38.160
<v Speaker 3>what is interesting is that they put in here on

0:43:38.200 --> 0:43:42.160
<v Speaker 3>these on a graph where the actual inflation is coming from,

0:43:42.600 --> 0:43:44.759
<v Speaker 3>and the largest area where inflation is.

0:43:44.719 --> 0:43:47.800
<v Speaker 4>Coming in at is on a year to day basis.

0:43:47.880 --> 0:43:52.040
<v Speaker 3>Okay, overall food at home came in a plus point

0:43:52.840 --> 0:43:56.960
<v Speaker 3>two point seven percent on an annual basis, so less

0:43:56.960 --> 0:44:00.919
<v Speaker 3>than three percent for the entire year. But within those

0:44:01.280 --> 0:44:05.440
<v Speaker 3>coffee is up eighteen point nine percent from last year.

0:44:06.280 --> 0:44:10.560
<v Speaker 3>Now that's not tariffs. That's not something going on here.

0:44:11.120 --> 0:44:16.200
<v Speaker 3>Coffee is purchased from overseas down in Brazil Columbia, those

0:44:16.239 --> 0:44:19.880
<v Speaker 3>areas down there, and because of drought, because of weather,

0:44:20.040 --> 0:44:24.480
<v Speaker 3>because of transportation, because of problems with their government down there,

0:44:24.760 --> 0:44:27.800
<v Speaker 3>some of this stuff isn't being done, so the supply

0:44:28.160 --> 0:44:31.080
<v Speaker 3>is down and therefore the prices are up.

0:44:31.360 --> 0:44:34.080
<v Speaker 4>This is not a result of tariffs.

0:44:34.160 --> 0:44:37.080
<v Speaker 3>This is not a slight amount of having to do

0:44:37.120 --> 0:44:40.279
<v Speaker 3>with terroriffs, but not eighteen point nine percent. It is

0:44:40.400 --> 0:44:44.359
<v Speaker 3>mostly based on because it's an agricultural crop and not

0:44:44.480 --> 0:44:48.000
<v Speaker 3>readily available. The next one on the line fourteen point

0:44:48.040 --> 0:44:52.480
<v Speaker 3>seven percent beef. We've seen that there's drought conditions that

0:44:52.640 --> 0:44:55.640
<v Speaker 3>the herds of the United States as far as cattle

0:44:55.920 --> 0:44:58.320
<v Speaker 3>are down to the levels they were back in nineteen

0:44:58.480 --> 0:45:02.240
<v Speaker 3>fifty one. So this isn't some sort of a tariff

0:45:02.320 --> 0:45:06.200
<v Speaker 3>increase that everybody's been talking about. What it is is

0:45:06.320 --> 0:45:11.040
<v Speaker 3>just again conditions having to do with those particular areas

0:45:11.040 --> 0:45:14.480
<v Speaker 3>where these cattles are are raised, and so when they

0:45:14.520 --> 0:45:17.400
<v Speaker 3>dig into these numbers. It was interesting to see how

0:45:17.560 --> 0:45:21.000
<v Speaker 3>they kind of backed off and they start talking about

0:45:21.000 --> 0:45:25.600
<v Speaker 3>how tariffs really haven't shown up in the numbers, and

0:45:25.760 --> 0:45:28.440
<v Speaker 3>that some of the tariffs that have been put into place.

0:45:28.640 --> 0:45:30.440
<v Speaker 3>We don't have to get a little bit into that tomorrow,

0:45:30.520 --> 0:45:33.960
<v Speaker 3>but where the tariff increases have been coming, they are

0:45:34.000 --> 0:45:38.440
<v Speaker 3>actually these companies are actually sourcing from different countries that

0:45:38.560 --> 0:45:42.440
<v Speaker 3>have lower terraffs and kept that tariff, kept that amount lower.

0:45:42.920 --> 0:45:44.560
<v Speaker 3>One thing I want to do before we get out

0:45:44.600 --> 0:45:47.239
<v Speaker 3>of here, as we're talking about Social Security and that

0:45:47.360 --> 0:45:49.680
<v Speaker 3>what that rate was. Now, we talked about that two

0:45:49.840 --> 0:45:53.320
<v Speaker 3>weeks ago and we talked about how the Social Security

0:45:53.360 --> 0:45:57.120
<v Speaker 3>benefit would be somewhere. People were estimating between two point

0:45:57.160 --> 0:45:59.640
<v Speaker 3>seven and two point eight percent, and so they came

0:45:59.719 --> 0:46:03.640
<v Speaker 3>up so Security two point eight percent COLA for twenty

0:46:03.719 --> 0:46:06.560
<v Speaker 3>twenty six benefit. And they go through how they came

0:46:06.640 --> 0:46:10.439
<v Speaker 3>up with the number, and it's based on the inflation rate.

0:46:10.920 --> 0:46:13.799
<v Speaker 3>What I found interesting as I was looking at this,

0:46:13.920 --> 0:46:17.839
<v Speaker 3>they provided a chart that said what the adjustment for

0:46:17.880 --> 0:46:21.440
<v Speaker 3>Social Security now, the cost of living adjustment for Social

0:46:21.440 --> 0:46:25.439
<v Speaker 3>Security is done based on the inflationment.

0:46:24.960 --> 0:46:26.480
<v Speaker 4>Rate for that particular year.

0:46:26.880 --> 0:46:31.960
<v Speaker 3>In here they mentioned that over the last since twenty fifteen,

0:46:32.120 --> 0:46:35.080
<v Speaker 3>I think it was. I'm seeing no over the last

0:46:35.120 --> 0:46:39.359
<v Speaker 3>twenty year. Social Security COLA twenty years, mind you, has

0:46:39.440 --> 0:46:44.600
<v Speaker 3>been two point six percent. So what we're seeing is

0:46:44.680 --> 0:46:48.560
<v Speaker 3>that the cost of living on a normal basis is

0:46:49.120 --> 0:46:52.239
<v Speaker 3>two point six percent, because that's what the cost of

0:46:52.280 --> 0:46:55.200
<v Speaker 3>living index has been and the cost of living adjustment

0:46:55.280 --> 0:46:59.480
<v Speaker 3>has been. So why is the Federal Reserve so fixated

0:46:59.560 --> 0:47:04.160
<v Speaker 3>on a two percent inflation number? I find that interesting

0:47:04.600 --> 0:47:09.879
<v Speaker 3>that they want during the Trump administration the inflation rate

0:47:10.320 --> 0:47:14.440
<v Speaker 3>down almost a half a percentage point than what the

0:47:14.760 --> 0:47:18.799
<v Speaker 3>average has been over the last twenty years. Isn't that Ama?

0:47:18.960 --> 0:47:21.560
<v Speaker 3>But they're not political, mind you? Well, folks, that doesn't

0:47:21.560 --> 0:47:23.520
<v Speaker 3>for us. Stay tuned for ATI Radio Top of the Hour.

0:47:23.600 --> 0:47:33.920
<v Speaker 3>I'm Kevin Gordon, America's Trucking Network seven hundred WLW.

0:47:30.719 --> 0:47:32.560
<v Speaker 2>News Traffic and Weather.

0:47:33.160 --> 0:47:37.680
<v Speaker 10>News Radio seven hundred WLW, Cincinnati.

0:47:38.800 --> 0:47:41.360
<v Speaker 11>It's the twenty eighth day of the government shutdown, but

0:47:41.520 --> 0:47:44.520
<v Speaker 11>the Top of the Hour reports I'mley Mawen Ranking now