1 00:00:10,360 --> 00:00:13,520 Speaker 1: This is America's Trucking Network with Kevin Gordon. 2 00:00:15,160 --> 00:00:15,840 Speaker 2: Welcome aboard. 3 00:00:16,160 --> 00:00:20,000 Speaker 3: Thanks for tuning in on this Friday morning. Who says 4 00:00:20,040 --> 00:00:23,840 Speaker 3: nothing good happens after midnight? Obviously they've not been listening 5 00:00:23,880 --> 00:00:27,160 Speaker 3: to America's Trucking Network. Triple A is out with their 6 00:00:27,200 --> 00:00:31,240 Speaker 3: predictions for the holiday travel time. Triple A projects at 7 00:00:31,280 --> 00:00:36,080 Speaker 3: eighty one point eight million people will travel at least 8 00:00:36,240 --> 00:00:40,920 Speaker 3: fifty miles from home over the Thanksgiving holiday period, which 9 00:00:41,000 --> 00:00:45,880 Speaker 3: runs from Tuesday November twenty fifth to Monday, December the first. 10 00:00:46,520 --> 00:00:49,840 Speaker 3: This year's domestic travel forecast includes an additional one point 11 00:00:49,880 --> 00:00:55,000 Speaker 3: six million travelers compared to last Thanksgiving. That's up two percent, 12 00:00:55,440 --> 00:00:58,560 Speaker 3: So apparently the economy isn't doing as rotten as the 13 00:00:58,560 --> 00:01:02,280 Speaker 3: spoon federcgurgitators and mainstream media would like us to believe. 14 00:01:02,680 --> 00:01:07,480 Speaker 3: Setting a new overall record, Thanksgiving is the single biggest 15 00:01:07,480 --> 00:01:12,039 Speaker 3: holiday for travel compared to other others like Memorial Day 16 00:01:12,200 --> 00:01:16,920 Speaker 3: or July fourth. According to Stacy Barber, vice president of 17 00:01:17,040 --> 00:01:22,280 Speaker 3: Triple A Travel, Thanksgiving travel numbers are always impressive because 18 00:01:22,360 --> 00:01:25,840 Speaker 3: this holiday has become synonymous with heading out of town 19 00:01:26,160 --> 00:01:29,640 Speaker 3: to spend time with loved ones. People are willing to 20 00:01:29,760 --> 00:01:33,000 Speaker 3: brave the crowds and make last minute adjustments to their 21 00:01:33,040 --> 00:01:37,280 Speaker 3: plans to make lifelong memories, whether it's visiting extended family 22 00:01:37,640 --> 00:01:39,039 Speaker 3: or meeting up with friends. 23 00:01:39,319 --> 00:01:41,400 Speaker 2: Now, Hollywood and. 24 00:01:41,440 --> 00:01:44,480 Speaker 3: The people there and some of the shows are always 25 00:01:44,520 --> 00:01:47,920 Speaker 3: trying to make it seem that this is a time 26 00:01:48,000 --> 00:01:51,560 Speaker 3: of confrontation, this is the time of where families don't 27 00:01:51,360 --> 00:01:55,560 Speaker 3: get along. There's a commercial running that just absolutely bugs me. 28 00:01:56,040 --> 00:02:01,720 Speaker 3: And it's a scene of this young girl poking her 29 00:02:01,760 --> 00:02:04,400 Speaker 3: head in the door, opening the door and she hears 30 00:02:04,440 --> 00:02:07,440 Speaker 3: the family members. I wonder who Jackie or whatever her 31 00:02:07,480 --> 00:02:10,200 Speaker 3: name is, is dating now, And she gets this look 32 00:02:10,240 --> 00:02:12,840 Speaker 3: on her face. She shuts the door behind her, and 33 00:02:12,840 --> 00:02:16,440 Speaker 3: then she texts her mom, sorry, flight delayed? Can you 34 00:02:16,520 --> 00:02:17,800 Speaker 3: set aside a plate for me? 35 00:02:18,080 --> 00:02:18,959 Speaker 2: So she would. 36 00:02:18,840 --> 00:02:23,359 Speaker 3: Rather not spend time or bond memories with family members 37 00:02:23,400 --> 00:02:26,840 Speaker 3: simply because somebody may ask her if she's dating anybody. 38 00:02:27,080 --> 00:02:28,079 Speaker 2: I mean, it is a. 39 00:02:28,240 --> 00:02:31,799 Speaker 3: Horrible commercial and a terrible precedent. And then I don't 40 00:02:31,800 --> 00:02:34,440 Speaker 3: even quite honestly, I don't even know what the commercial 41 00:02:34,520 --> 00:02:37,440 Speaker 3: is trying to sell. It's just so irritating to see that. 42 00:02:37,840 --> 00:02:40,400 Speaker 3: And when you see these commercials where just you know, 43 00:02:41,120 --> 00:02:43,360 Speaker 3: in any type of a show they're trying to show 44 00:02:43,639 --> 00:02:46,560 Speaker 3: you put Now. Of course, over the last couple of years, 45 00:02:46,600 --> 00:02:50,320 Speaker 3: we have heard people say, and especially the people with 46 00:02:50,400 --> 00:02:53,800 Speaker 3: Trump derangement syndrome, they say, I can't even deal with 47 00:02:53,840 --> 00:02:57,160 Speaker 3: my family members. I just am so irritated if I 48 00:02:57,320 --> 00:02:59,919 Speaker 3: find out that they voted for Trump and so on. 49 00:03:00,320 --> 00:03:03,079 Speaker 3: What You're the one with the problem, not the other 50 00:03:03,200 --> 00:03:06,440 Speaker 3: family members. Most people don't live in this bubble of 51 00:03:06,520 --> 00:03:10,320 Speaker 3: irritation they deal with. You don't see us on the 52 00:03:10,400 --> 00:03:14,960 Speaker 3: conservative side saying during the Biden administration and during the 53 00:03:15,440 --> 00:03:18,760 Speaker 3: Obama administration that anybody that voted for them, I'm not 54 00:03:18,800 --> 00:03:21,400 Speaker 3: going to associate with them and so on. It's just, 55 00:03:21,800 --> 00:03:24,919 Speaker 3: you know, let it go for a twenty four hour 56 00:03:25,000 --> 00:03:28,240 Speaker 3: period of time, spend time. These are the people that 57 00:03:28,680 --> 00:03:32,960 Speaker 3: are relatives, they're supposed to be your family. Let it 58 00:03:33,160 --> 00:03:35,640 Speaker 3: go for a couple and you know, all these this 59 00:03:35,760 --> 00:03:38,560 Speaker 3: bickering and stuff that you hear that people talk about 60 00:03:38,720 --> 00:03:42,800 Speaker 3: over Thanksgiving is just absolutely ridiculous. It just basically shows 61 00:03:42,840 --> 00:03:46,400 Speaker 3: sometimes the immaturity level of certain people, and the people 62 00:03:46,440 --> 00:03:49,800 Speaker 3: that participate in that or the people that started those 63 00:03:49,800 --> 00:03:53,600 Speaker 3: are the people with the problem. Thanksgiving Travelers by mode 64 00:03:53,640 --> 00:03:56,960 Speaker 3: of transportation by car. TRIPAA projection at least seventy three 65 00:03:57,000 --> 00:04:00,200 Speaker 3: million people will travel by car. That's nearly nine twenty 66 00:04:00,280 --> 00:04:03,960 Speaker 3: percent of the Thanksgiving travelers. An additional one point three 67 00:04:04,240 --> 00:04:06,840 Speaker 3: million people on the road compared to last year. Now 68 00:04:06,880 --> 00:04:10,880 Speaker 3: again that's up two percent. Again, overall travel is up, 69 00:04:11,520 --> 00:04:13,800 Speaker 3: a number of people traveling is up two percent, and 70 00:04:13,840 --> 00:04:15,800 Speaker 3: buy car is going to be up by two percent. 71 00:04:16,279 --> 00:04:19,000 Speaker 3: A warning to all you four wheelers out there that 72 00:04:19,040 --> 00:04:22,039 Speaker 3: are going to be on the highway, remember that when 73 00:04:22,080 --> 00:04:25,640 Speaker 3: you're out driving and you see eighteen wheelers out on 74 00:04:25,680 --> 00:04:29,400 Speaker 3: the road as you are traveling between November twenty fifth 75 00:04:29,520 --> 00:04:32,640 Speaker 3: and December the first when you see these trucks out 76 00:04:32,680 --> 00:04:35,880 Speaker 3: on the road and if they're passing somebody, you know, 77 00:04:35,880 --> 00:04:38,520 Speaker 3: if they're passing another truck and it takes maybe a 78 00:04:38,560 --> 00:04:41,599 Speaker 3: mile or so before you can get around them. Have 79 00:04:42,000 --> 00:04:45,720 Speaker 3: some patients realize the fact that you're out having fun, 80 00:04:46,279 --> 00:04:46,840 Speaker 3: You're on. 81 00:04:46,760 --> 00:04:50,239 Speaker 2: Your way to visit relatives. They are on the job. 82 00:04:50,760 --> 00:04:53,839 Speaker 3: They are on their way to the stores delivering the 83 00:04:53,880 --> 00:04:58,920 Speaker 3: stuff so that you can have your Thanksgiving celebration, and 84 00:04:59,440 --> 00:05:02,440 Speaker 3: so that on Black Friday, the Storre's shelves will be 85 00:05:02,520 --> 00:05:05,760 Speaker 3: full and the stuff that you can buy. Also, they 86 00:05:05,800 --> 00:05:09,320 Speaker 3: are in the process of transporting the various goods and 87 00:05:09,360 --> 00:05:12,520 Speaker 3: services for everything, the goods that are going to be 88 00:05:12,600 --> 00:05:17,320 Speaker 3: there for Cyber Monday, that Monday after Thanksgiving. So realize 89 00:05:17,320 --> 00:05:20,520 Speaker 3: that they are not home with their families, they are 90 00:05:20,520 --> 00:05:24,000 Speaker 3: not enjoying the Thanksgiving holidays because they're out on the 91 00:05:24,080 --> 00:05:27,919 Speaker 3: road making your Thanksgiving and your holiday possible. 92 00:05:28,320 --> 00:05:28,640 Speaker 2: Again. 93 00:05:29,080 --> 00:05:32,000 Speaker 3: Seventy two percent of everything out on the shelves is 94 00:05:32,040 --> 00:05:34,520 Speaker 3: brought to you by a truck. And when you add 95 00:05:34,520 --> 00:05:37,520 Speaker 3: into consideration that all the other items that may not 96 00:05:37,640 --> 00:05:40,720 Speaker 3: necessarily be delivered by a truck, somewhere along the line, 97 00:05:40,880 --> 00:05:44,240 Speaker 3: almost one hundred percent of everything you touch has been 98 00:05:44,400 --> 00:05:48,039 Speaker 3: has touched a truck. And when you take into consideration, 99 00:05:48,400 --> 00:05:51,320 Speaker 3: as was pointed out to me at match this past March, 100 00:05:51,800 --> 00:05:56,279 Speaker 3: that you don't realize the number of other things other 101 00:05:56,360 --> 00:05:59,800 Speaker 3: than what's on the shelf. The sheets, the medicine, the 102 00:06:00,040 --> 00:06:03,640 Speaker 3: stuff that's all at the hospital are there are brought 103 00:06:03,680 --> 00:06:06,320 Speaker 3: by a truck. When you look at the supplies, the 104 00:06:07,040 --> 00:06:11,000 Speaker 3: cleaning supplies and stuff, the janitorial stuff for office buildings, 105 00:06:11,560 --> 00:06:15,200 Speaker 3: for that kind of stuff that's not on the retail shelves, 106 00:06:15,240 --> 00:06:18,520 Speaker 3: but that has been brought to the location or to 107 00:06:18,600 --> 00:06:21,840 Speaker 3: the warehouse the wholesaler buy a truck. So when you 108 00:06:21,880 --> 00:06:25,320 Speaker 3: add all that in, there is a ton of stuff 109 00:06:25,400 --> 00:06:28,960 Speaker 3: mop more than tons and tons of stuff that has 110 00:06:29,000 --> 00:06:30,960 Speaker 3: brought to you by a truck. So have a little 111 00:06:30,960 --> 00:06:34,920 Speaker 3: bit of respect. Realize that a truck has a longer 112 00:06:35,200 --> 00:06:39,360 Speaker 3: stopping capability or capacity than what you have. You can 113 00:06:39,480 --> 00:06:41,719 Speaker 3: on in a car can pretty much stop on a 114 00:06:41,760 --> 00:06:46,760 Speaker 3: drunk dime. A truck hauling a large load takes a 115 00:06:46,800 --> 00:06:50,720 Speaker 3: long period of time for them to stop. And if 116 00:06:50,760 --> 00:06:53,720 Speaker 3: you notice out on the highways that you're in traffic 117 00:06:53,839 --> 00:06:56,599 Speaker 3: and things are slowed down, there's generally a lot of 118 00:06:56,600 --> 00:06:59,960 Speaker 3: space between the truck and the car in front of them, 119 00:07:00,279 --> 00:07:03,040 Speaker 3: and people have a tendency of cutting in there. I'm 120 00:07:03,120 --> 00:07:04,919 Speaker 3: kind of a mixed on this because if you're at 121 00:07:04,960 --> 00:07:08,480 Speaker 3: a slow speed, that's not a big deal. But if 122 00:07:08,480 --> 00:07:11,880 Speaker 3: you're on the highway and you're traveling at sixty miles 123 00:07:11,920 --> 00:07:16,240 Speaker 3: an hour and there's not much room between the truck 124 00:07:16,440 --> 00:07:20,000 Speaker 3: and you're trying to cut in between them, you're asking 125 00:07:20,080 --> 00:07:23,000 Speaker 3: for trouble because if something slows down, the truck is 126 00:07:23,000 --> 00:07:24,600 Speaker 3: not going to have enough space to stop. 127 00:07:24,880 --> 00:07:26,640 Speaker 2: And stay out of their blind spots. 128 00:07:27,280 --> 00:07:29,119 Speaker 3: Just kind of a little bit of word of caution 129 00:07:29,240 --> 00:07:34,400 Speaker 3: there again, looking at this travel survey from TRIPAA and 130 00:07:34,480 --> 00:07:36,320 Speaker 3: some of the stuff that they're talking about. 131 00:07:36,880 --> 00:07:38,679 Speaker 2: Let's see, let's go through some of this stuff. 132 00:07:38,720 --> 00:07:43,800 Speaker 3: Here a warning in here that thirty five percent of 133 00:07:43,920 --> 00:07:50,720 Speaker 3: all fatalities in crashes involving alcohol or all other fatalities 134 00:07:51,000 --> 00:07:55,920 Speaker 3: occur over the Thanksgiving week, So thirty five percent of 135 00:07:56,040 --> 00:07:59,960 Speaker 3: all traffic fatalities in the United States happened during that period. 136 00:08:00,600 --> 00:08:04,239 Speaker 3: Take your time, be cautious, take it a little slower. 137 00:08:04,480 --> 00:08:06,840 Speaker 3: You don't have to set the land speed record from 138 00:08:06,880 --> 00:08:10,880 Speaker 3: one destination to another. Be safe out on the highway 139 00:08:11,080 --> 00:08:14,240 Speaker 3: and get there safely. You don't want that as part 140 00:08:14,320 --> 00:08:18,200 Speaker 3: of the people thinking about Thanksgiving for the rest of 141 00:08:18,240 --> 00:08:21,000 Speaker 3: their lives. Oh that's the week that so and so 142 00:08:21,160 --> 00:08:24,240 Speaker 3: died because they were out on the highway. Airfare they're 143 00:08:24,240 --> 00:08:26,520 Speaker 3: talking about six million people will be traveling. 144 00:08:26,720 --> 00:08:26,920 Speaker 2: Now. 145 00:08:27,040 --> 00:08:31,240 Speaker 3: My rule of thumb is that if your travel destination 146 00:08:31,680 --> 00:08:35,080 Speaker 3: is more or less than five hours by car, in 147 00:08:35,160 --> 00:08:38,960 Speaker 3: my opinion, I would much rather drive because by the 148 00:08:39,000 --> 00:08:41,920 Speaker 3: time you take into consideration, you have to factor this in, 149 00:08:42,080 --> 00:08:44,640 Speaker 3: you know, just add it up however long it takes 150 00:08:44,679 --> 00:08:47,400 Speaker 3: you to drive from your house to the airport. They 151 00:08:47,400 --> 00:08:50,240 Speaker 3: suggest you get to the airport two hours ahead of time, 152 00:08:50,480 --> 00:08:53,480 Speaker 3: which gives you time to check your bags, get into 153 00:08:53,480 --> 00:08:55,880 Speaker 3: the terminal, do your boarding pass, and of course you 154 00:08:55,880 --> 00:08:58,000 Speaker 3: can do your boarding pass ahead of time. You can 155 00:08:58,040 --> 00:09:01,000 Speaker 3: actually print that out at home and hopefully it will 156 00:09:01,040 --> 00:09:04,200 Speaker 3: work there at the airport. But then, of course, the 157 00:09:04,200 --> 00:09:07,720 Speaker 3: flight time, depending upon where you're going. Flight times to Chicago, 158 00:09:07,840 --> 00:09:10,240 Speaker 3: I think from Cincinnati is something like an hour and 159 00:09:10,280 --> 00:09:13,480 Speaker 3: fifteen minutes. Down in Nashville's about an hour, So you 160 00:09:13,520 --> 00:09:16,600 Speaker 3: got to figure the in your factor in the flight time. 161 00:09:17,080 --> 00:09:19,680 Speaker 3: Then once you get to the airport, getting your bags, 162 00:09:19,720 --> 00:09:22,640 Speaker 3: getting off the plane, finding an uber or getting to 163 00:09:22,920 --> 00:09:25,200 Speaker 3: where you've got your car rental, and then getting in 164 00:09:25,200 --> 00:09:27,680 Speaker 3: the car, and then the travel time from the airport 165 00:09:27,880 --> 00:09:29,240 Speaker 3: to your actual destination. 166 00:09:29,520 --> 00:09:31,720 Speaker 2: Plus you have the flexibility. 167 00:09:30,960 --> 00:09:33,120 Speaker 3: Once you're there is that you have a car at 168 00:09:33,160 --> 00:09:35,600 Speaker 3: your disposal if you want to go make some trips 169 00:09:35,600 --> 00:09:38,080 Speaker 3: and do a road trip or drive around the area 170 00:09:38,120 --> 00:09:39,600 Speaker 3: and see the sights and that type of thing. 171 00:09:39,679 --> 00:09:40,760 Speaker 2: So rule the thumb. 172 00:09:40,800 --> 00:09:43,320 Speaker 3: If it's less than five hours, I'd much prefer to drive. 173 00:09:43,400 --> 00:09:46,000 Speaker 3: So that's my two cents worth. Oh, I can't do 174 00:09:46,080 --> 00:09:48,840 Speaker 3: that anymore because we're running out of pennies. I'm Kevin Gordon, 175 00:09:48,880 --> 00:09:52,280 Speaker 3: America's truck In Network, seven hundred WLW. 176 00:09:53,320 --> 00:09:53,719 Speaker 4: I love. 177 00:09:53,840 --> 00:09:57,200 Speaker 1: This is the reathing report on America's Trucking Network on 178 00:09:57,360 --> 00:09:58,840 Speaker 1: seven hundred WLW. 179 00:09:59,600 --> 00:10:02,160 Speaker 4: Looking at head to the racing weekend, Formula One holds 180 00:10:02,200 --> 00:10:05,400 Speaker 4: the Las Vegas Grand Prix on Sunday, Lando Norris has 181 00:10:05,440 --> 00:10:07,719 Speaker 4: three hundred and ninety points and leads the battle for 182 00:10:07,800 --> 00:10:10,400 Speaker 4: the world championship with three races to go. 183 00:10:10,960 --> 00:10:13,520 Speaker 5: Obviously, always trying to win. It's always sweeter when you 184 00:10:13,760 --> 00:10:15,480 Speaker 5: end up on the podium where you can win the race. 185 00:10:15,480 --> 00:10:17,439 Speaker 5: It's it's always a better feeling because that's what that's 186 00:10:17,480 --> 00:10:19,920 Speaker 5: what we'll want. So it's been a good few races 187 00:10:19,960 --> 00:10:23,960 Speaker 5: recently and it's it is hard at times, I think 188 00:10:23,960 --> 00:10:26,120 Speaker 5: when when you're fighting and you're in the position that 189 00:10:26,160 --> 00:10:27,880 Speaker 5: we're in at the moment as a team, you know, 190 00:10:27,960 --> 00:10:32,120 Speaker 5: between Oscar and myself to sometimes like step back and 191 00:10:32,920 --> 00:10:34,559 Speaker 5: realize what you're you're doing. 192 00:10:34,640 --> 00:10:37,480 Speaker 4: In second place in the standings as Norris as McLaren 193 00:10:37,559 --> 00:10:41,000 Speaker 4: teammate Oscar Piastre, he is twenty four points back. 194 00:10:41,480 --> 00:10:44,560 Speaker 5: You know my expectation and for myself is to try 195 00:10:44,600 --> 00:10:46,280 Speaker 5: and perform at the same level, but that's not always 196 00:10:46,280 --> 00:10:50,160 Speaker 5: a guarantee, and I know that it can also just 197 00:10:50,240 --> 00:10:53,840 Speaker 5: change very quickly. You know, whether it's because you get 198 00:10:53,920 --> 00:10:56,880 Speaker 5: unlucky or whether you're not performing at the perfect level 199 00:10:56,920 --> 00:10:59,880 Speaker 5: and the guys I'm up against can perform at the 200 00:11:00,240 --> 00:11:02,880 Speaker 5: high level. Things can change for eas at least, never 201 00:11:03,320 --> 00:11:05,760 Speaker 5: the nicest feeling to see your lead disappear. 202 00:11:05,920 --> 00:11:08,839 Speaker 4: Reigning world champion Max vers staff and trails Norris by 203 00:11:08,880 --> 00:11:12,120 Speaker 4: forty nine points in third place in a situation he 204 00:11:12,240 --> 00:11:13,040 Speaker 4: is not used to. 205 00:11:13,280 --> 00:11:15,000 Speaker 5: I mean, it's a lot of points, so I'm not 206 00:11:15,040 --> 00:11:18,400 Speaker 5: really thinking about it too much because there's also not 207 00:11:18,480 --> 00:11:19,520 Speaker 5: much that I can do. 208 00:11:20,000 --> 00:11:22,360 Speaker 6: We need a lot of luck now till the end. 209 00:11:22,840 --> 00:11:26,800 Speaker 5: To even have an opportunity, so I personally, I don't 210 00:11:26,800 --> 00:11:27,360 Speaker 5: think about that. 211 00:11:28,200 --> 00:11:28,760 Speaker 2: I do this. 212 00:11:28,960 --> 00:11:32,040 Speaker 1: He is the breathing reward on America's Druging Network on 213 00:11:32,200 --> 00:11:36,360 Speaker 1: seven hundred WLW, Everybody have a Safe and Happy Weekend. 214 00:11:36,520 --> 00:11:39,480 Speaker 2: Sag Dennison a t N. 215 00:11:40,280 --> 00:11:42,440 Speaker 7: A decade ago, I was on the trail of one 216 00:11:42,440 --> 00:11:45,400 Speaker 7: of the country's most elusive serial killers, but it wasn't 217 00:11:45,480 --> 00:11:50,280 Speaker 7: until twenty twenty three when he was finally caught WLW. 218 00:11:50,480 --> 00:11:52,880 Speaker 2: Well, now that the government shutdown, this is over. 219 00:11:53,320 --> 00:11:56,320 Speaker 3: The Bureau of Labor Statistics are out with their initial 220 00:11:56,400 --> 00:11:59,079 Speaker 3: jobless claims. This is the first time in what about 221 00:11:59,360 --> 00:12:03,920 Speaker 3: six seven weeks, But anyway, during the period of the shutdown, 222 00:12:03,960 --> 00:12:06,439 Speaker 3: the forty three days shutdown, so divide that, well, it's 223 00:12:06,440 --> 00:12:07,600 Speaker 3: about seven weeks, isn't it. 224 00:12:07,880 --> 00:12:08,120 Speaker 2: Okay? 225 00:12:08,240 --> 00:12:10,600 Speaker 3: So the seven weeks we've been out with this out, 226 00:12:10,960 --> 00:12:13,280 Speaker 3: we have not had this report, is what I am 227 00:12:13,320 --> 00:12:16,160 Speaker 3: trying to say. Number of Americans finally for new applications 228 00:12:16,160 --> 00:12:20,400 Speaker 3: for unemployment benefits fell last week, but more out of 229 00:12:20,440 --> 00:12:23,240 Speaker 3: the work. Wait a minute, but more out of work. 230 00:12:23,280 --> 00:12:28,199 Speaker 3: People are struggling to find new opportunities amid a week hiring. Again, 231 00:12:28,280 --> 00:12:33,599 Speaker 3: we're still in that phase of no hire, no fire situation, 232 00:12:33,840 --> 00:12:37,319 Speaker 3: so people aren't getting fired at a regular basis, and 233 00:12:37,360 --> 00:12:41,920 Speaker 3: they're not hiring employees again because Lion Jerry Powell and 234 00:12:42,000 --> 00:12:44,880 Speaker 3: the Federal Reserve are not really lowering interest rates and 235 00:12:45,000 --> 00:12:48,320 Speaker 3: it's cost too much to expand businesses, and people are 236 00:12:48,360 --> 00:12:51,360 Speaker 3: in a wait and see situation to see how things 237 00:12:51,400 --> 00:12:53,560 Speaker 3: are going to be going. As far as you know, 238 00:12:53,640 --> 00:12:57,440 Speaker 3: any type of expansion. The sales numbers are good, the 239 00:12:57,480 --> 00:13:00,960 Speaker 3: traffic flow is good, all the other economic numbers are good. 240 00:13:01,120 --> 00:13:04,320 Speaker 3: It's just this wait and see situation and businesses wanting 241 00:13:04,360 --> 00:13:07,880 Speaker 3: to expand and wanting to get their business stronger. Initial 242 00:13:07,880 --> 00:13:11,640 Speaker 3: claims for state unemployment benefits dropped eight thousand to a 243 00:13:11,760 --> 00:13:14,760 Speaker 3: seasonally adjusted two hundred and twenty thousand for the week 244 00:13:14,920 --> 00:13:19,040 Speaker 3: ended November fifteenth, Labor Department set on Thursday. The Labor 245 00:13:19,080 --> 00:13:23,040 Speaker 3: Department resumed publishing the weekly claims reporting following the end 246 00:13:23,040 --> 00:13:28,240 Speaker 3: of the forty three day record setting government shutdown. Economists 247 00:13:28,280 --> 00:13:32,240 Speaker 3: polled by Reuters had forecasts that the unemployment rate would 248 00:13:32,280 --> 00:13:36,240 Speaker 3: be two hundred and thirty thousand, so they missed that 249 00:13:36,320 --> 00:13:40,319 Speaker 3: by about ten thousand. And you know, every time I 250 00:13:40,400 --> 00:13:44,920 Speaker 3: hear the phrase economists always reminds me an economist is 251 00:13:44,920 --> 00:13:48,040 Speaker 3: an expert who will know tomorrow why the things he 252 00:13:48,120 --> 00:13:50,880 Speaker 3: predicted yesterday didn't happen today. 253 00:13:51,320 --> 00:13:52,720 Speaker 2: And that's so true when. 254 00:13:52,520 --> 00:13:54,880 Speaker 3: We see some of these reports coming out of some 255 00:13:54,960 --> 00:13:59,040 Speaker 3: of the reports from economists that are so far off. 256 00:13:59,120 --> 00:14:02,000 Speaker 3: But again, Bureau of Labor Statistics said on Wednesday, the 257 00:14:02,080 --> 00:14:06,720 Speaker 3: data collected period established and household surveys would be extended. 258 00:14:07,000 --> 00:14:12,400 Speaker 3: The extra processing time added BLS canceled the October unemployment number. 259 00:14:12,679 --> 00:14:15,960 Speaker 3: So whether the unemployment number went up from four point 260 00:14:16,160 --> 00:14:20,480 Speaker 3: three or four point two percent, where that unemployment number is, 261 00:14:20,720 --> 00:14:23,240 Speaker 3: we don't know that for October, and we won't know 262 00:14:23,360 --> 00:14:26,760 Speaker 3: that until next month. Let's see the longest let me 263 00:14:26,760 --> 00:14:28,080 Speaker 3: see where. 264 00:14:27,880 --> 00:14:28,320 Speaker 2: Was I here? 265 00:14:28,520 --> 00:14:32,240 Speaker 3: Bureau Labor Statistics said on Wednesday, repeat that comment that 266 00:14:32,280 --> 00:14:34,680 Speaker 3: the data collection period for the establishment of the household 267 00:14:34,680 --> 00:14:39,360 Speaker 3: surveys would be extended the extra processing time added. BLS 268 00:14:39,560 --> 00:14:44,400 Speaker 3: canceled October's unemployment report because the longest shutdown in history 269 00:14:44,600 --> 00:14:48,400 Speaker 3: prevented data collection for the household survey from which the 270 00:14:48,520 --> 00:14:53,800 Speaker 3: unemployment rate is calculated. October's non FORIGM payroll data will 271 00:14:53,840 --> 00:14:58,920 Speaker 3: be released together with November's employment report on December sixteenth. 272 00:14:59,200 --> 00:15:02,440 Speaker 3: The unemployed a rate for October will. 273 00:15:02,280 --> 00:15:03,480 Speaker 2: Never be known. 274 00:15:05,080 --> 00:15:08,760 Speaker 3: Okay, you know what it was in September, You're gonna 275 00:15:08,800 --> 00:15:13,720 Speaker 3: know what it was in November. So October, there were 276 00:15:13,840 --> 00:15:17,360 Speaker 3: predictions from various organizations that I think it was the 277 00:15:17,400 --> 00:15:20,680 Speaker 3: Saint Louis FED came up with a number some of 278 00:15:20,720 --> 00:15:24,760 Speaker 3: these other economists with the either Goldman Sachs or JP 279 00:15:24,960 --> 00:15:27,560 Speaker 3: Morgan or some of these other companies have come up 280 00:15:27,640 --> 00:15:30,760 Speaker 3: with they thought was the unemployment rate, and they said 281 00:15:30,760 --> 00:15:33,160 Speaker 3: it was around four point three. I saw one that 282 00:15:33,200 --> 00:15:35,520 Speaker 3: said it may have been four point four. But you know, 283 00:15:37,240 --> 00:15:40,240 Speaker 3: you look at the weekly jobless rate and the weekly 284 00:15:40,360 --> 00:15:45,200 Speaker 3: job weekly jobless claims have not gone up considerably. They 285 00:15:45,240 --> 00:15:49,240 Speaker 3: have actually willed this past week actually fell So if 286 00:15:49,280 --> 00:15:54,160 Speaker 3: you're not having large swaths of unemployment on a weekly basis, 287 00:15:54,600 --> 00:15:58,000 Speaker 3: chances are you're not going to have a large unemployment 288 00:15:58,120 --> 00:16:01,120 Speaker 3: number over a period of time or for that particular month. 289 00:16:01,280 --> 00:16:07,120 Speaker 3: There have been no large scale layoffs, especially reflected in there. 290 00:16:07,160 --> 00:16:09,720 Speaker 3: And remember the story we were talking about the other day, 291 00:16:10,760 --> 00:16:13,400 Speaker 3: and there was a key paragraph in there. They said, 292 00:16:13,400 --> 00:16:15,680 Speaker 3: when you look at some of these reports from so 293 00:16:15,920 --> 00:16:19,720 Speaker 3: called experts, they are not shown over the years to 294 00:16:19,800 --> 00:16:25,400 Speaker 3: be very reliable. Concentrate on the current month, current data available, 295 00:16:25,720 --> 00:16:28,160 Speaker 3: and that will be a better gauge. And again, if 296 00:16:28,720 --> 00:16:31,440 Speaker 3: you look at the unemployment of the initial jobless claims, 297 00:16:31,560 --> 00:16:34,640 Speaker 3: which have been between two hundred and ten thousand and 298 00:16:34,800 --> 00:16:38,760 Speaker 3: up to two hundred and fifty thousand over a couple 299 00:16:38,800 --> 00:16:41,800 Speaker 3: of years now actually the last year and a half thereabouts, 300 00:16:42,760 --> 00:16:46,320 Speaker 3: at two hundred and twenty thousand. We are right smack 301 00:16:46,400 --> 00:16:48,720 Speaker 3: dab in the middle of that good range there, two 302 00:16:48,800 --> 00:16:51,320 Speaker 3: hundred and ten actually to the lower end two hundred 303 00:16:51,360 --> 00:16:54,360 Speaker 3: ten to two hundred and fifty thousand, so where people 304 00:16:54,360 --> 00:16:56,920 Speaker 3: are thinking, oh, well, you know, we will never know 305 00:16:57,000 --> 00:17:00,360 Speaker 3: what the unemployment rate for October was. The number of 306 00:17:00,400 --> 00:17:03,960 Speaker 3: people receiving unemployment benefits after an initial a week of 307 00:17:04,040 --> 00:17:08,800 Speaker 3: aid by a proxy for hiring increase twenty eight thousand 308 00:17:08,880 --> 00:17:13,240 Speaker 3: to a seasonally adjusted one point nine seven four million 309 00:17:13,359 --> 00:17:17,120 Speaker 3: during the week, again not up very high. What will 310 00:17:17,160 --> 00:17:21,359 Speaker 3: matter then is the labor participation rate. How many people 311 00:17:21,680 --> 00:17:25,399 Speaker 3: have dropped out of the market. There are some people 312 00:17:25,800 --> 00:17:29,080 Speaker 3: people in middle aged that may be retiring, so they 313 00:17:29,080 --> 00:17:32,760 Speaker 3: are not part of the unemployment figures. Other people that 314 00:17:32,960 --> 00:17:36,360 Speaker 3: just stop looking for whatever reason. I don't know what 315 00:17:36,400 --> 00:17:40,040 Speaker 3: they're living off of. But again, it's a situation where 316 00:17:40,359 --> 00:17:44,120 Speaker 3: you're not seeing these major fluctuations, so you shouldn't expect 317 00:17:44,119 --> 00:17:48,000 Speaker 3: to see that unemployment go up very substantially, and so 318 00:17:48,160 --> 00:17:51,240 Speaker 3: this handwringing that we won't know what that number is 319 00:17:51,280 --> 00:17:55,440 Speaker 3: for October is kind of ridiculous. October existing home sales 320 00:17:56,040 --> 00:17:59,840 Speaker 3: see a small gain, but supply is dropping that's kind 321 00:17:59,880 --> 00:18:03,879 Speaker 3: of interesting. Improving mortgage rates at the end of the 322 00:18:03,880 --> 00:18:07,639 Speaker 3: summer boosted home sales, but that gain, like may be 323 00:18:07,880 --> 00:18:12,800 Speaker 3: short lived. Sales of previous previously owned homes in October 324 00:18:13,080 --> 00:18:17,000 Speaker 3: rose one point two percent from September to four point 325 00:18:17,040 --> 00:18:20,879 Speaker 3: one million units on a seasonally adjusted annualized basis. 326 00:18:21,000 --> 00:18:22,280 Speaker 2: According to the National. 327 00:18:21,960 --> 00:18:27,200 Speaker 3: Association Realtors, sales year over a year aren't up one 328 00:18:27,280 --> 00:18:30,199 Speaker 3: point seven percent year over year. Now, we had that 329 00:18:30,280 --> 00:18:33,080 Speaker 3: story yesterday, and remember I was talking about that that 330 00:18:33,560 --> 00:18:37,320 Speaker 3: you know that what is the story was like fifty 331 00:18:37,359 --> 00:18:41,479 Speaker 3: three percent of homes in the United States have lost 332 00:18:41,640 --> 00:18:45,400 Speaker 3: value over the last year, and you know, it made 333 00:18:45,480 --> 00:18:48,000 Speaker 3: it seem like this was something drastic, that we were 334 00:18:48,000 --> 00:18:50,440 Speaker 3: in some sort of a housing crisis like we were 335 00:18:50,720 --> 00:18:53,280 Speaker 3: back in two thousand and eight that really didn't resolve 336 00:18:53,280 --> 00:18:59,000 Speaker 3: itself during the Great Recession until about twenty twelve. But 337 00:18:59,600 --> 00:19:02,920 Speaker 3: this is a correction, as they've been talking about, a 338 00:19:02,960 --> 00:19:06,880 Speaker 3: return to normalization. Because when you're in these hot markets 339 00:19:06,920 --> 00:19:11,720 Speaker 3: like Orlando, Tampa, a lot of cities in the South 340 00:19:12,040 --> 00:19:14,640 Speaker 3: and in some of the more resort areas, that's where 341 00:19:14,680 --> 00:19:17,679 Speaker 3: a lot of people flock to during the pandemic. Because 342 00:19:17,720 --> 00:19:22,119 Speaker 3: if they were working from home again, still getting a paycheck. Basically, 343 00:19:22,359 --> 00:19:24,159 Speaker 3: if you're allowed to work from home and you're not 344 00:19:24,200 --> 00:19:26,080 Speaker 3: going to be called back in the office, you can 345 00:19:26,119 --> 00:19:30,240 Speaker 3: work from anywhere. And so people were choosing to move 346 00:19:30,400 --> 00:19:32,960 Speaker 3: and to buy homes in these areas, which when you 347 00:19:33,080 --> 00:19:35,639 Speaker 3: flock to a particular area, when a lot of people 348 00:19:35,680 --> 00:19:39,600 Speaker 3: go in, the demand goes up and the supply may 349 00:19:39,640 --> 00:19:42,640 Speaker 3: not be there, so that would increase those home prices. 350 00:19:42,880 --> 00:19:44,480 Speaker 3: And so now what we're seeing is kind of a 351 00:19:44,560 --> 00:19:47,040 Speaker 3: leveling off of that and kind of pulling back down. 352 00:19:47,359 --> 00:19:49,560 Speaker 3: But the number of people in that report that they 353 00:19:49,600 --> 00:19:52,080 Speaker 3: talked what we talked about yesterday and covered very well 354 00:19:52,080 --> 00:19:55,120 Speaker 3: on this program, I might add, is the fact that 355 00:19:55,840 --> 00:19:59,320 Speaker 3: very few people are actually underwater, that their home is 356 00:19:59,359 --> 00:20:02,600 Speaker 3: now value less than what their mortgage was is. And 357 00:20:02,760 --> 00:20:05,720 Speaker 3: that's one of the problems we saw during the Great Recession, 358 00:20:06,040 --> 00:20:09,280 Speaker 3: where home values in some areas, even in my area 359 00:20:09,400 --> 00:20:12,760 Speaker 3: in northern Kentucky actually dropped, of course the board about 360 00:20:12,840 --> 00:20:15,919 Speaker 3: forty percent. So people that had bought homes within the 361 00:20:16,000 --> 00:20:19,440 Speaker 3: last for the couple of years before that actually found 362 00:20:19,440 --> 00:20:23,960 Speaker 3: themselves underwater. Fortunately, the banks looked at that and said, well, 363 00:20:24,119 --> 00:20:26,560 Speaker 3: you know, normally what we'd have to do is we'd 364 00:20:26,640 --> 00:20:29,480 Speaker 3: have to ask for more equity or pay more down 365 00:20:29,720 --> 00:20:32,000 Speaker 3: and people would not be able to stay in that house. 366 00:20:32,200 --> 00:20:36,000 Speaker 3: But so many people were in that situation, so I 367 00:20:36,040 --> 00:20:38,640 Speaker 3: think they well pretty much at the time, they did 368 00:20:38,680 --> 00:20:41,120 Speaker 3: it on a case by case basis. If people were 369 00:20:41,119 --> 00:20:44,480 Speaker 3: making their mortgages, they weren't likely to ask for more money, 370 00:20:44,760 --> 00:20:47,919 Speaker 3: realizing that the thing would eventually turn around and the 371 00:20:47,960 --> 00:20:51,600 Speaker 3: values would come back. So again, there's very few homes 372 00:20:51,640 --> 00:20:54,199 Speaker 3: at this point in time that are underwater, and so 373 00:20:54,760 --> 00:20:57,879 Speaker 3: people you know, just you know. And in that report 374 00:20:57,920 --> 00:21:00,680 Speaker 3: also yesterday, we talked about that from the last time, 375 00:21:01,760 --> 00:21:06,760 Speaker 3: on average, the number when homes were previously sold to 376 00:21:06,760 --> 00:21:10,959 Speaker 3: today are up about sixty seven percent. So what they 377 00:21:11,000 --> 00:21:13,720 Speaker 3: pointed out is that if the prices came down two 378 00:21:14,000 --> 00:21:17,360 Speaker 3: three four percent, you're still way ahead. If your home 379 00:21:17,480 --> 00:21:20,480 Speaker 3: value went up sixty seven percent over that period of time. 380 00:21:20,680 --> 00:21:23,520 Speaker 3: Talk a little bit more about this story October. Existing 381 00:21:23,520 --> 00:21:26,399 Speaker 3: home sales will see a small gain, but the supply 382 00:21:26,560 --> 00:21:32,800 Speaker 3: is dropping. I'm Kevin Gordon. America's truck neckwork seven hundred WLW. 383 00:21:32,080 --> 00:21:34,600 Speaker 6: Forecast for the Try State and the rest of the country. 384 00:21:34,680 --> 00:21:37,160 Speaker 6: In the Try State, overnight Claudie with rain the low 385 00:21:37,200 --> 00:21:41,320 Speaker 6: down to forty seven rain continuing Friday, a high fifty eight. Saturday, 386 00:21:41,359 --> 00:21:44,040 Speaker 6: mostly claude skies to begin, then gradually becoming sunny, a 387 00:21:44,160 --> 00:21:49,000 Speaker 6: high a fifty three sunshine Sunday highs into the upper fifties. Nationally, 388 00:21:49,040 --> 00:21:51,960 Speaker 6: heavy rain moving out of the southern plains overnight through Saturday. 389 00:21:52,000 --> 00:21:54,400 Speaker 6: Additional heavy rainfall and a thread of flash flooding will 390 00:21:54,400 --> 00:21:58,359 Speaker 6: be seen for southern California, western Arizona, and southern Nevada, 391 00:21:58,400 --> 00:22:01,320 Speaker 6: along the Gulf Coast, across the over Mississippi Valley and 392 00:22:01,359 --> 00:22:04,080 Speaker 6: into the southeast. Record warm temperatures continuing. 393 00:22:07,560 --> 00:22:11,480 Speaker 3: Seven hundred wlw IM Kevin Gordon. This is America struck 394 00:22:11,520 --> 00:22:14,560 Speaker 3: In Network. We're talking about this story. October. Existing home 395 00:22:14,600 --> 00:22:18,719 Speaker 3: sales seed small gain, but supply is dropping. We were 396 00:22:18,760 --> 00:22:22,840 Speaker 3: talking about how the home prices are. Sales were up 397 00:22:22,960 --> 00:22:26,199 Speaker 3: one point seven percent year over year. The count is 398 00:22:26,200 --> 00:22:30,280 Speaker 3: based on home closing, so contracts likely signed in August 399 00:22:30,280 --> 00:22:34,080 Speaker 3: and September. While contract signings would not be impacted by 400 00:22:34,119 --> 00:22:36,600 Speaker 3: the government shutdown blah blah blah, they go into that 401 00:22:36,640 --> 00:22:39,680 Speaker 3: and how it's calculated and so on. During that contract 402 00:22:39,680 --> 00:22:42,840 Speaker 3: signing period the average rate on a thirty year fixed 403 00:22:42,920 --> 00:22:47,119 Speaker 3: mortgage came down a little bit, but then moved up again. 404 00:22:47,480 --> 00:22:52,480 Speaker 3: The popular thirty thirty year rate started August at six 405 00:22:52,520 --> 00:22:57,600 Speaker 3: point sixty three percent, fell steadily to six point one 406 00:22:57,800 --> 00:23:01,480 Speaker 3: three percent, so a half a percent dropped by mid September, 407 00:23:01,680 --> 00:23:04,879 Speaker 3: and then came back up to six point three seven 408 00:23:05,000 --> 00:23:08,159 Speaker 3: by the end of the month. According to Mortgage News Daily, 409 00:23:08,440 --> 00:23:12,760 Speaker 3: it now stands at three point three six percent. Now, 410 00:23:13,040 --> 00:23:15,920 Speaker 3: we've talked about on this program the difference in terms 411 00:23:15,960 --> 00:23:18,920 Speaker 3: of a home price if you had a back before 412 00:23:18,960 --> 00:23:22,280 Speaker 3: the pandemic, if you had an interest rate below three percent, 413 00:23:22,600 --> 00:23:25,240 Speaker 3: what your rate on that would be, what your monthly 414 00:23:25,280 --> 00:23:28,360 Speaker 3: payment would be, how much home you could afford that 415 00:23:28,520 --> 00:23:32,840 Speaker 3: is changed dramatically by a difference between three percent and 416 00:23:32,920 --> 00:23:36,560 Speaker 3: six percent. We've had those numbers on this program. I'll 417 00:23:36,600 --> 00:23:38,680 Speaker 3: probably bring that up in the next couple of weeks 418 00:23:38,720 --> 00:23:44,159 Speaker 3: again just to remind you. But it is a drastic amount. 419 00:23:44,240 --> 00:23:46,960 Speaker 3: And so you know, somebody that's earning a certain level 420 00:23:46,960 --> 00:23:49,359 Speaker 3: of money that based on the house that they could 421 00:23:49,600 --> 00:23:52,359 Speaker 3: they can buy based on these current interest rates, is 422 00:23:52,480 --> 00:23:55,600 Speaker 3: far less than what they could possibly afford. Now, just 423 00:23:55,800 --> 00:23:58,040 Speaker 3: I'm just going to off the top of my head, 424 00:23:58,280 --> 00:24:00,240 Speaker 3: I think the number was, if you were a right 425 00:24:00,320 --> 00:24:03,480 Speaker 3: one hundred and ten thousand dollars earning one hundred and 426 00:24:03,520 --> 00:24:07,000 Speaker 3: ten thousand dollars. Based on this statistic that they were 427 00:24:07,000 --> 00:24:09,800 Speaker 3: talking about, you could afford a house somewhere in the 428 00:24:09,800 --> 00:24:13,080 Speaker 3: neighborhood of three hundred and some thousand dollars. If the 429 00:24:13,119 --> 00:24:16,159 Speaker 3: interest rate was down around three percent, you could afford 430 00:24:16,200 --> 00:24:20,160 Speaker 3: a house one hundred and sixty seven thousand dollars more. 431 00:24:20,600 --> 00:24:24,399 Speaker 3: One hundred and sixty seven thousand more. Plus if you 432 00:24:24,440 --> 00:24:27,560 Speaker 3: look at the interest rate on that home of the 433 00:24:27,640 --> 00:24:31,520 Speaker 3: average home being sold is around three hundred and fifty 434 00:24:32,280 --> 00:24:34,679 Speaker 3: They say that the low end is three hundred thousand 435 00:24:34,680 --> 00:24:36,760 Speaker 3: to four hundred thousand, so you pick three hundred and 436 00:24:36,760 --> 00:24:37,440 Speaker 3: fifty thousand. 437 00:24:37,720 --> 00:24:38,920 Speaker 2: The rate on that. 438 00:24:39,840 --> 00:24:43,120 Speaker 3: Difference between a three percent loan and the current rate 439 00:24:43,119 --> 00:24:46,080 Speaker 3: at three point sixty seven percent is about a seven 440 00:24:46,200 --> 00:24:49,880 Speaker 3: hundred dollars a month difference in what your mortgage would be. Now, 441 00:24:49,880 --> 00:24:51,520 Speaker 3: those are off the top of my head because what 442 00:24:51,560 --> 00:24:55,000 Speaker 3: I remember, But you think about how much more you 443 00:24:55,040 --> 00:24:58,080 Speaker 3: can do with seven hundred dollars more per month than 444 00:24:58,240 --> 00:25:00,760 Speaker 3: paying a mortgage. So when you we see first time 445 00:25:00,800 --> 00:25:03,560 Speaker 3: home buyers standing on the sidelines and thinking, gosh, the 446 00:25:03,600 --> 00:25:06,480 Speaker 3: affordability isn't there. We can't jump in. All you gotta 447 00:25:06,520 --> 00:25:09,600 Speaker 3: do is point to lieon Jerry Powell and the interest 448 00:25:09,640 --> 00:25:12,000 Speaker 3: rates that people are paying on mortgages, because when you're 449 00:25:12,040 --> 00:25:15,320 Speaker 3: down up there in the six percent range as opposed 450 00:25:15,359 --> 00:25:19,199 Speaker 3: to even a five percent, four percent thereabout, the numbers 451 00:25:19,240 --> 00:25:22,040 Speaker 3: are asked are just phenomenal. And you can go to 452 00:25:22,080 --> 00:25:25,200 Speaker 3: these mortgage calculators, you can go online. There are different plates. 453 00:25:25,440 --> 00:25:27,920 Speaker 3: I think bank rate does one, and some of these 454 00:25:27,920 --> 00:25:30,720 Speaker 3: other investing tools. You can just go in into a 455 00:25:30,760 --> 00:25:35,280 Speaker 3: mortgage calculator and plug in different income levels, how much 456 00:25:35,400 --> 00:25:38,040 Speaker 3: percentage down, how much house you can afford, and that, 457 00:25:38,440 --> 00:25:40,840 Speaker 3: so you can do that numbers yourself. But it is 458 00:25:41,040 --> 00:25:44,480 Speaker 3: it is astonishing. I was shocked when I saw it. 459 00:25:45,480 --> 00:25:48,760 Speaker 3: Let's see the inventory for homesale for homes for sale 460 00:25:49,000 --> 00:25:51,520 Speaker 3: has also come down after gaining for much of the 461 00:25:51,600 --> 00:25:55,200 Speaker 3: year's supply fell one point five to two million units, 462 00:25:55,560 --> 00:26:00,280 Speaker 3: down point seven percent from September, although still nearly eleven 463 00:26:00,320 --> 00:26:04,440 Speaker 3: percent higher than the year ago. At the current sales pace, 464 00:26:04,760 --> 00:26:07,840 Speaker 3: there would be four point four month supplies still on 465 00:26:08,000 --> 00:26:12,560 Speaker 3: the market, which probably isn't too bad. That's why sale 466 00:26:12,560 --> 00:26:16,000 Speaker 3: prices are still gaining. Medium price on a home sold 467 00:26:16,040 --> 00:26:20,119 Speaker 3: in October was four hundred and fifteen two hundred dollars, 468 00:26:20,320 --> 00:26:23,720 Speaker 3: an increase of two point one from October of twenty 469 00:26:23,800 --> 00:26:28,240 Speaker 3: twenty four and the twenty eighth consecutive month of annual gains. 470 00:26:28,760 --> 00:26:33,879 Speaker 3: Daniel Danielle Hale, chief economists at realtor dot com looking ahead, 471 00:26:34,119 --> 00:26:38,040 Speaker 3: Home shoppers in today's market face some advantages from following 472 00:26:38,080 --> 00:26:42,280 Speaker 3: mortgage rates and seasonally slower competition. At the same time, 473 00:26:42,600 --> 00:26:46,480 Speaker 3: the lack of housing affordability continues to be a challenge 474 00:26:46,640 --> 00:26:50,440 Speaker 3: keeping home sales at their historically low levels. Homes are 475 00:26:50,520 --> 00:26:53,679 Speaker 3: staying on the market longer, at an average of thirty 476 00:26:53,720 --> 00:26:59,240 Speaker 3: four days last month compared with twenty nine days in October. Now, 477 00:26:59,760 --> 00:27:04,680 Speaker 3: that is not such a bad thing from a buyer's standpoint, obviously, 478 00:27:04,720 --> 00:27:07,399 Speaker 3: from a seller standpoint, and in a case where you 479 00:27:07,480 --> 00:27:10,440 Speaker 3: have a seller where you see so many times that 480 00:27:10,960 --> 00:27:13,480 Speaker 3: they will actually find a home that they want to 481 00:27:13,520 --> 00:27:16,879 Speaker 3: buy and they'll go ahead and did on that, or 482 00:27:16,920 --> 00:27:20,880 Speaker 3: actually buy the house if they can afford it, and 483 00:27:20,920 --> 00:27:23,280 Speaker 3: they still have to sell their house now if they 484 00:27:23,280 --> 00:27:26,080 Speaker 3: can't put that in as a contingency that I have 485 00:27:26,200 --> 00:27:30,119 Speaker 3: to sell my home first before this loan closes. If 486 00:27:30,320 --> 00:27:32,840 Speaker 3: the seller isn't interested in that, then they could be 487 00:27:32,880 --> 00:27:37,080 Speaker 3: possibly stuck with two mortgages. But from a buyer's standpoint, 488 00:27:37,280 --> 00:27:39,639 Speaker 3: when you get into and I don't know if you 489 00:27:39,720 --> 00:27:42,480 Speaker 3: watch any of these shows, but there's all these different 490 00:27:43,000 --> 00:27:46,800 Speaker 3: I think it's on HGTV and some of these other shows, 491 00:27:46,880 --> 00:27:51,000 Speaker 3: million dollar listings and there's a Beachfront, bargain Hunt and 492 00:27:51,040 --> 00:27:53,480 Speaker 3: these type of things. When they start talking about a 493 00:27:53,600 --> 00:27:56,920 Speaker 3: tight market, people, you know, the realtor is saying, well, 494 00:27:56,960 --> 00:27:59,159 Speaker 3: you know, these homes down here are moving really quick. 495 00:27:59,600 --> 00:28:02,840 Speaker 3: You can't wait, you can't hold back and make a decision. 496 00:28:03,160 --> 00:28:06,359 Speaker 3: So when somebody is looking at a home, that's when 497 00:28:06,720 --> 00:28:09,560 Speaker 3: they go in and they buy something in a hurry 498 00:28:09,840 --> 00:28:13,080 Speaker 3: because they're afraid of losing that home to another person 499 00:28:13,119 --> 00:28:15,119 Speaker 3: that comes in and puts in a bid on it. 500 00:28:16,080 --> 00:28:19,439 Speaker 3: That's bad from the seller stand or from the buyer's standpoint, 501 00:28:19,440 --> 00:28:22,960 Speaker 3: because if there's a large competition for there, you may 502 00:28:23,000 --> 00:28:25,840 Speaker 3: be hurrying into a decision that may not be right 503 00:28:26,000 --> 00:28:29,320 Speaker 3: for you. And if you're paying more for that house, 504 00:28:29,400 --> 00:28:32,600 Speaker 3: obviously your mortgage is going to go up. So being 505 00:28:32,600 --> 00:28:34,600 Speaker 3: in a situation where homes are on the market for 506 00:28:34,640 --> 00:28:36,720 Speaker 3: about a month at least gives you a time to 507 00:28:36,760 --> 00:28:39,440 Speaker 3: look at that, look at a couple of other properties, 508 00:28:39,640 --> 00:28:43,800 Speaker 3: make the determination which suits better, which better is suited 509 00:28:43,920 --> 00:28:48,880 Speaker 3: for your family. So now again from a seller standpoint, 510 00:28:48,960 --> 00:28:51,080 Speaker 3: that's not so good. So you know, in any type 511 00:28:51,080 --> 00:28:53,200 Speaker 3: of a situation, you know, if you're a buyer or 512 00:28:53,200 --> 00:28:55,960 Speaker 3: a seller, it depends on the market. If supply is 513 00:28:56,080 --> 00:28:58,680 Speaker 3: low and you're a buyer, then price is going to 514 00:28:58,680 --> 00:29:01,800 Speaker 3: be higher than what you expect. But if the demand 515 00:29:01,880 --> 00:29:07,240 Speaker 3: is low, then the supply is higher and those prices 516 00:29:07,280 --> 00:29:09,600 Speaker 3: will come down and fluctuate. So it depends on what 517 00:29:09,720 --> 00:29:13,200 Speaker 3: side of the transaction you're on. First time home buyers 518 00:29:13,200 --> 00:29:16,120 Speaker 3: made a comeback in the market, representing thirty two percent 519 00:29:16,120 --> 00:29:19,320 Speaker 3: of sales, up from twenty seven percent a year ago, 520 00:29:19,640 --> 00:29:22,000 Speaker 3: but not all regions aren't equal, and of course we 521 00:29:22,040 --> 00:29:26,480 Speaker 3: see that across the board. Lawrence Yun, a chief economist 522 00:29:26,640 --> 00:29:30,480 Speaker 3: for the Realtors, first time home buyers are facing headwinds 523 00:29:30,480 --> 00:29:33,160 Speaker 3: in the Northeast due to lack of supply, in the 524 00:29:33,160 --> 00:29:37,160 Speaker 3: West because of high home prices, and so again, you know, 525 00:29:37,200 --> 00:29:39,760 Speaker 3: it depends on where you live. Sales growth continues to 526 00:29:39,800 --> 00:29:42,360 Speaker 3: be strongest in the high end of the market. Homes 527 00:29:42,400 --> 00:29:47,080 Speaker 3: priced above one million dollars saw sales up by more 528 00:29:47,120 --> 00:29:50,479 Speaker 3: than sixteen percent from a year ago. Those price between 529 00:29:50,560 --> 00:29:53,320 Speaker 3: seven hundred and fifty and one million saw a gain 530 00:29:53,360 --> 00:29:56,840 Speaker 3: of ten percent. Meanwhile, sales of homes priced between one 531 00:29:56,960 --> 00:30:00,000 Speaker 3: hundred thousand and two hundred and fifty thousand were up 532 00:30:00,240 --> 00:30:03,640 Speaker 3: just one percent, and homes below one hundred thousand saw 533 00:30:03,640 --> 00:30:06,920 Speaker 3: a drop in sales actually of nearly three percent. So 534 00:30:08,000 --> 00:30:15,760 Speaker 3: interesting news there from the Home National Association of Realtors 535 00:30:15,840 --> 00:30:18,440 Speaker 3: and realtor dot com in the various people that put 536 00:30:18,480 --> 00:30:22,040 Speaker 3: into this particular report. There's been there's a lot of 537 00:30:22,320 --> 00:30:26,720 Speaker 3: bills now that Congress is back in session. There's a 538 00:30:26,760 --> 00:30:32,880 Speaker 3: whole legislative agenda. The Hill Transportation leaders I the Highway 539 00:30:32,920 --> 00:30:35,520 Speaker 3: bill that needs to be passed, and we'll get into 540 00:30:35,600 --> 00:30:38,400 Speaker 3: that coming up, because there's a lot of stuff that 541 00:30:38,480 --> 00:30:40,560 Speaker 3: needs to be done. There's a lot of stuff that's 542 00:30:40,600 --> 00:30:42,800 Speaker 3: been sitting out there for a long period of time 543 00:30:43,040 --> 00:30:46,520 Speaker 3: that needs to be corrected and needs to be enforced, 544 00:30:46,680 --> 00:30:48,600 Speaker 3: and they need to get off their butts and pass it. 545 00:30:48,760 --> 00:30:51,160 Speaker 3: We'll be talking about that coming up. I'm Kevin Gordon, 546 00:30:51,200 --> 00:30:54,760 Speaker 3: America's truck and Network seven hundred WLW. 547 00:30:55,160 --> 00:30:57,280 Speaker 4: You know what your customers are doing right this second, 548 00:30:57,480 --> 00:31:00,600 Speaker 4: the exact same thing you are listening to me, which 549 00:31:00,720 --> 00:31:01,280 Speaker 4: let's be up. 550 00:31:05,760 --> 00:31:09,600 Speaker 3: This is america Struck a Network seven hundred w W. 551 00:31:09,840 --> 00:31:10,920 Speaker 2: I'm and Kevin Gordon. 552 00:31:11,320 --> 00:31:15,560 Speaker 3: The Hill and transportation leaders are eyeing this highway bill, 553 00:31:15,880 --> 00:31:18,640 Speaker 3: and this is some of the stuff that's been delayed 554 00:31:18,760 --> 00:31:23,040 Speaker 3: to the government shutdown. I don't know why with the 555 00:31:23,080 --> 00:31:27,960 Speaker 3: government shutdown that the legislators still weren't on the job 556 00:31:28,400 --> 00:31:32,400 Speaker 3: passing certain pieces of legislation. Okay, they can't agree on 557 00:31:32,400 --> 00:31:34,920 Speaker 3: the budget and so on, but some of the other 558 00:31:35,000 --> 00:31:37,480 Speaker 3: bills that needed to be passed, why didn't they work 559 00:31:37,520 --> 00:31:40,040 Speaker 3: on those? Why weren't they meeting in sessions. Why weren't 560 00:31:40,080 --> 00:31:42,800 Speaker 3: they breaking up in the individual groups trying to get 561 00:31:42,840 --> 00:31:44,600 Speaker 3: some consensus on some of this stuff. 562 00:31:45,000 --> 00:31:49,640 Speaker 2: It absolutely infuriates me the way they do, the way. 563 00:31:49,600 --> 00:31:52,680 Speaker 3: Congress and the Senate act and so let's just get 564 00:31:52,680 --> 00:31:57,440 Speaker 3: into this key takeaways in this story. Republicans intend to 565 00:31:57,480 --> 00:32:01,840 Speaker 3: wrap up consideration a National Defense Authorization Act before the 566 00:32:02,000 --> 00:32:04,120 Speaker 3: end of the year. Yeah, you would think that would 567 00:32:04,160 --> 00:32:05,800 Speaker 3: be something that they would want to do by the 568 00:32:05,880 --> 00:32:07,560 Speaker 3: end of the year. In fact, probably should have been 569 00:32:07,600 --> 00:32:12,800 Speaker 3: done way before this. Transportation Infrastructure Committee Chairman Sam Graves 570 00:32:12,920 --> 00:32:17,920 Speaker 3: stresses a highway bill that addresses autonomous technology. Again, with 571 00:32:18,240 --> 00:32:23,880 Speaker 3: the movement towards autonomous cars, autonomous trucks, even autonomous planes, 572 00:32:23,960 --> 00:32:27,040 Speaker 3: for God's sake, the legislation that needs to be put 573 00:32:27,080 --> 00:32:29,120 Speaker 3: in a place to kind of catch up with that 574 00:32:29,240 --> 00:32:33,480 Speaker 3: technology and regulate that technology is something that shouldn't be 575 00:32:33,520 --> 00:32:37,880 Speaker 3: played with and should be dealt with considerably. The House 576 00:32:37,880 --> 00:32:41,640 Speaker 3: Transportation Appropriations Bill would also try to provide two hundred 577 00:32:41,720 --> 00:32:47,960 Speaker 3: million dollars for truck parking expansion projects. Two hundred million. 578 00:32:49,280 --> 00:32:52,600 Speaker 3: There's far more of a need than that than anything else. 579 00:32:53,160 --> 00:32:55,720 Speaker 3: And the thing that I keep bringing up is the 580 00:32:55,800 --> 00:32:58,680 Speaker 3: fact that you know, back in the day, let's not 581 00:32:58,800 --> 00:33:03,360 Speaker 3: forget in nineteen fifty six when Dwight Eisenhower put forth 582 00:33:03,600 --> 00:33:08,280 Speaker 3: the Highway trans basically the Highway Bill. At that point 583 00:33:08,320 --> 00:33:10,760 Speaker 3: in time, this was based. Okay, let's give you a 584 00:33:10,760 --> 00:33:13,560 Speaker 3: little bit of history lesson here. Dwight Eisenhower was the 585 00:33:13,600 --> 00:33:18,480 Speaker 3: Commander in Chief or the Allied commander of the Allied 586 00:33:18,520 --> 00:33:22,640 Speaker 3: Forces in Europe during World War Two. Okay, he saw 587 00:33:22,840 --> 00:33:26,560 Speaker 3: in Germany how the Audubon worked, how the German troops 588 00:33:26,560 --> 00:33:30,200 Speaker 3: were able to go across this basically what they called 589 00:33:30,200 --> 00:33:33,120 Speaker 3: the Audubon, but which is basically a freeway from one 590 00:33:33,280 --> 00:33:35,200 Speaker 3: end of the country to the other in a matter 591 00:33:35,280 --> 00:33:38,520 Speaker 3: of hours and in terms of days. Going back in 592 00:33:38,600 --> 00:33:42,320 Speaker 3: Dwight Eisenhower's history, back when he was a lieutenant colonel, 593 00:33:42,360 --> 00:33:46,640 Speaker 3: I believe, back after World War One, back in nineteen 594 00:33:46,680 --> 00:33:50,280 Speaker 3: twenty twenty one, just to test to see, because that 595 00:33:50,480 --> 00:33:55,560 Speaker 3: was when transportation was coming into full force with cars, automobiles, trucks, 596 00:33:55,560 --> 00:33:58,120 Speaker 3: and so on. They wanted to see how long it 597 00:33:58,120 --> 00:34:01,080 Speaker 3: would take for a convoy to get from Washington, d c. 598 00:34:01,720 --> 00:34:03,800 Speaker 3: All the way to the other side of the country 599 00:34:04,120 --> 00:34:06,320 Speaker 3: and over that because there were no roads, there were 600 00:34:06,720 --> 00:34:11,000 Speaker 3: dirt roads, gravel roads, all kinds of horrible conditions. It 601 00:34:11,040 --> 00:34:15,200 Speaker 3: took them, I believe, if memory serves me correct, almost 602 00:34:15,239 --> 00:34:18,359 Speaker 3: a month to get there. A month to get from 603 00:34:18,360 --> 00:34:20,680 Speaker 3: one end of the country to the other. When he 604 00:34:20,760 --> 00:34:24,759 Speaker 3: became president, recognizing the need during the Cold War to 605 00:34:24,760 --> 00:34:26,520 Speaker 3: be able to move troops from one end of the 606 00:34:26,520 --> 00:34:29,880 Speaker 3: country to the other, he developed this nineteen fifty six 607 00:34:30,239 --> 00:34:38,160 Speaker 3: National Highway Transportation and Defense Defense Highway Act. So as 608 00:34:38,280 --> 00:34:42,360 Speaker 3: part of the defense budget, ninety percent of what was 609 00:34:42,400 --> 00:34:46,000 Speaker 3: spent or what was the cost of building the interstate 610 00:34:46,080 --> 00:34:49,919 Speaker 3: highway system, ninety percent of that was paid for by 611 00:34:49,960 --> 00:34:54,560 Speaker 3: the federal government recognizing the need of this for defense purposes. Now, 612 00:34:54,600 --> 00:34:57,400 Speaker 3: of course, they didn't want to freak everybody out and said, well, 613 00:34:57,440 --> 00:34:58,640 Speaker 3: you know, we've got to be able to move troops 614 00:34:58,680 --> 00:35:01,120 Speaker 3: because we're going to go to war with with you know, 615 00:35:01,160 --> 00:35:03,920 Speaker 3: with Russia, the uss R and all this sort of stuff. No, 616 00:35:04,160 --> 00:35:06,239 Speaker 3: they said, you know, they passed it off as a 617 00:35:06,280 --> 00:35:10,040 Speaker 3: highway transportation. But the byproduct of that is is the 618 00:35:10,040 --> 00:35:13,840 Speaker 3: fact that we're able to as tourists, as going on vacation, 619 00:35:14,360 --> 00:35:19,040 Speaker 3: able to travel to distant places over a matter of 620 00:35:19,080 --> 00:35:21,919 Speaker 3: a couple of days instead of taking the entire week 621 00:35:21,960 --> 00:35:23,919 Speaker 3: to get there, spend a week and then or spend 622 00:35:23,960 --> 00:35:27,280 Speaker 3: a couple of days and then come back. So, plus 623 00:35:27,320 --> 00:35:29,640 Speaker 3: the fact that's the result of that, we now have 624 00:35:29,960 --> 00:35:32,320 Speaker 3: you know, fresh seafood into the middle of the country. 625 00:35:32,480 --> 00:35:35,560 Speaker 3: We have citrus coming up from Florida and from other 626 00:35:35,600 --> 00:35:38,759 Speaker 3: places that don't rot on the way. And so the 627 00:35:38,800 --> 00:35:42,000 Speaker 3: benefits of this, and the government saw this as you know, 628 00:35:42,080 --> 00:35:45,120 Speaker 3: a necessity, and so as a part of that, they 629 00:35:45,200 --> 00:35:49,360 Speaker 3: paid ninety percent of that. Now, why the Transportation Highway 630 00:35:49,440 --> 00:35:52,719 Speaker 3: Act and some of the Infrastructure Bill isn't part of 631 00:35:53,040 --> 00:35:56,600 Speaker 3: the defense budget so to speak. Why that hasn't been 632 00:35:56,800 --> 00:36:01,200 Speaker 3: kept in the place is beyond beyond my comprehension. Because 633 00:36:01,600 --> 00:36:05,480 Speaker 3: it is still a vital importance to the movement of troops, 634 00:36:05,560 --> 00:36:09,759 Speaker 3: and so if it is still important for troops, then 635 00:36:09,920 --> 00:36:11,960 Speaker 3: some of the money out of that should come into 636 00:36:12,160 --> 00:36:15,600 Speaker 3: the infrastructure for that. So again giving me a little 637 00:36:15,600 --> 00:36:20,080 Speaker 3: bit of a history lesson there, But the Transportation Infrastructure Committee, 638 00:36:20,320 --> 00:36:23,480 Speaker 3: and when they're talking about two hundred million dollars for 639 00:36:24,120 --> 00:36:25,680 Speaker 3: rest areas, that's. 640 00:36:26,200 --> 00:36:27,240 Speaker 2: Not going to do much. 641 00:36:27,360 --> 00:36:30,759 Speaker 3: I mean, I think typical cost of some of these 642 00:36:30,800 --> 00:36:33,440 Speaker 3: rest areas and stuff along the highways. I know Ohio 643 00:36:33,480 --> 00:36:37,200 Speaker 3: has been amping up some of their and remodeling. They're 644 00:36:37,239 --> 00:36:39,759 Speaker 3: not adding it. Well, they're adding some truck spaces, they're 645 00:36:39,880 --> 00:36:43,680 Speaker 3: truck parking, but they're upgrading their systems or their travel 646 00:36:43,719 --> 00:36:46,920 Speaker 3: centers for tourists and stuff. But I think most of 647 00:36:46,960 --> 00:36:50,360 Speaker 3: those projects, each one of those is about six million apiece, 648 00:36:50,840 --> 00:36:53,560 Speaker 3: So you can eat up two hundred million dollars in 649 00:36:53,600 --> 00:36:56,880 Speaker 3: the transportation budget. Nothing flat in terms of trying to 650 00:36:56,920 --> 00:36:59,360 Speaker 3: build and to expand these different rest areas. 651 00:37:00,040 --> 00:37:01,920 Speaker 2: Transformation Appreciation Bill. 652 00:37:02,000 --> 00:37:04,840 Speaker 3: Again would provide two hundred million for truck parking and 653 00:37:04,920 --> 00:37:08,760 Speaker 3: expansion projects. Now one of the things and it still 654 00:37:09,120 --> 00:37:12,000 Speaker 3: bothers me that this is still hanging out there. This 655 00:37:12,080 --> 00:37:13,799 Speaker 3: is now we have talked about this. 656 00:37:13,880 --> 00:37:14,120 Speaker 2: Well. 657 00:37:14,160 --> 00:37:18,120 Speaker 3: I'm into my fourth year of doing America's truck and network, 658 00:37:18,360 --> 00:37:20,239 Speaker 3: and right off the bat, one of the things that 659 00:37:20,280 --> 00:37:23,240 Speaker 3: we were talking about were not only the speed liminers 660 00:37:23,280 --> 00:37:27,000 Speaker 3: and stuff along those lines, but there's they were. 661 00:37:27,040 --> 00:37:29,520 Speaker 2: The attempt was to. 662 00:37:28,880 --> 00:37:32,759 Speaker 3: Eliminate AM radios out of cars, and a lot of 663 00:37:32,760 --> 00:37:35,200 Speaker 3: that had to do with the electric vehicles that were 664 00:37:35,200 --> 00:37:39,120 Speaker 3: being manufactured, the fact that the radio waves of the 665 00:37:39,239 --> 00:37:43,400 Speaker 3: radio interfered with the operation and the clean operation of 666 00:37:43,440 --> 00:37:46,239 Speaker 3: the battery. Also the battery added a little bit of 667 00:37:46,280 --> 00:37:48,640 Speaker 3: problem to the static of the of the vehicle or 668 00:37:48,680 --> 00:37:52,440 Speaker 3: to the radio. And so rather than doing the quick 669 00:37:52,520 --> 00:37:54,439 Speaker 3: fix and it was a very cheap fix that could 670 00:37:54,480 --> 00:37:57,239 Speaker 3: be done and can do that, rather than doing it, 671 00:37:57,320 --> 00:38:00,200 Speaker 3: just started eliminating it out of the cars, and a 672 00:38:00,200 --> 00:38:02,200 Speaker 3: bill before Congress, and this has been there for a 673 00:38:02,239 --> 00:38:07,120 Speaker 3: couple of years now AM radio for every car. New 674 00:38:07,160 --> 00:38:12,040 Speaker 3: nationwide study Critical Mass Insights showed overwhelming consumer support for 675 00:38:12,160 --> 00:38:18,399 Speaker 3: keeping AMFM radio built into vehicles, reinforcing radio's continued role 676 00:38:18,680 --> 00:38:22,440 Speaker 3: as a core in car feature. The research finds that 677 00:38:22,520 --> 00:38:27,919 Speaker 3: ninety six percent of Americans consider AMFM access important when 678 00:38:27,960 --> 00:38:31,200 Speaker 3: purchasing a new car, while ninety eight percent says it's 679 00:38:31,239 --> 00:38:34,160 Speaker 3: important that the radio be easy to locate on a 680 00:38:34,280 --> 00:38:39,759 Speaker 3: vehicle's dashboard for infertainment system. Now, during times of emergency, 681 00:38:40,000 --> 00:38:42,960 Speaker 3: when the electric goes down, one of the best way 682 00:38:43,040 --> 00:38:48,319 Speaker 3: of transporting or transmitting the actual emergency alerts and so 683 00:38:48,400 --> 00:38:52,040 Speaker 3: on is by is via AM radio, and so if 684 00:38:52,040 --> 00:38:56,480 Speaker 3: that's not available, then critical information having to do with 685 00:38:56,640 --> 00:38:59,839 Speaker 3: emergencies is not going to be transmitted, and so the 686 00:39:00,000 --> 00:39:04,200 Speaker 3: importance of having this in vehicles is extremely important. Findings 687 00:39:04,200 --> 00:39:07,759 Speaker 3: cut across all demographics, with adults eighteen to seventy four 688 00:39:08,200 --> 00:39:12,080 Speaker 3: broadly agreeing on radio's relevance. Even among those who don't 689 00:39:12,120 --> 00:39:16,000 Speaker 3: regularly listen to amr FM, roughly nine and ten say 690 00:39:16,200 --> 00:39:20,480 Speaker 3: radio access is crucial in situations where they may need 691 00:39:20,560 --> 00:39:25,759 Speaker 3: it the most. That includes severe weather, natural disasters, major emergencies, 692 00:39:25,840 --> 00:39:29,640 Speaker 3: or man made tragedies scenarios where ninety seven percent say 693 00:39:29,920 --> 00:39:33,760 Speaker 3: having live local radio available is vital. 694 00:39:34,160 --> 00:39:37,839 Speaker 2: So this has been part of the well. 695 00:39:37,880 --> 00:39:40,719 Speaker 3: These the bills that are involved here, there is a 696 00:39:40,840 --> 00:39:43,880 Speaker 3: bill in the Senate and in the House. The Senate 697 00:39:43,920 --> 00:39:50,560 Speaker 3: bill is three three fifteen and the House bill is 698 00:39:50,800 --> 00:39:56,200 Speaker 3: three something and whereas that House built nine seventy four, 699 00:39:56,600 --> 00:39:59,040 Speaker 3: So you got a Senate bill three fifteen and a 700 00:39:59,080 --> 00:40:02,840 Speaker 3: House resolution in nine seventy four. And I would encourage 701 00:40:02,880 --> 00:40:05,160 Speaker 3: you that if this is important to you, and it 702 00:40:05,200 --> 00:40:09,120 Speaker 3: should be, call your congressman. Call and it's very easy 703 00:40:09,160 --> 00:40:13,480 Speaker 3: to do. You can call that switchboard, the Congressional Hotline 704 00:40:13,560 --> 00:40:17,120 Speaker 3: or Congressional switchboard, and they're very friendly. It's not going 705 00:40:17,200 --> 00:40:19,399 Speaker 3: to put you on anybody's radar screen. They're not going 706 00:40:19,440 --> 00:40:22,640 Speaker 3: to be haranguing you for you know, talking to the 707 00:40:22,680 --> 00:40:25,400 Speaker 3: government or something along those lines. You can leave a 708 00:40:25,480 --> 00:40:28,880 Speaker 3: message for your senator or congressman and it's very easy. 709 00:40:28,920 --> 00:40:30,080 Speaker 2: You call the phone number. 710 00:40:30,480 --> 00:40:33,160 Speaker 3: You tell them where you live, tell them what area 711 00:40:33,200 --> 00:40:36,160 Speaker 3: you live in, because that'll tell them who your congressman in. 712 00:40:36,880 --> 00:40:40,040 Speaker 3: Just by the state you're in, they'll know which two 713 00:40:40,080 --> 00:40:42,640 Speaker 3: senators are your senators, and then they can tell you 714 00:40:42,680 --> 00:40:45,680 Speaker 3: who your congressman is, and then very politely, you can 715 00:40:45,800 --> 00:40:48,440 Speaker 3: leave a message for all three and say I would 716 00:40:48,480 --> 00:40:52,120 Speaker 3: like them to push this bill, these two bills, the 717 00:40:53,280 --> 00:40:55,839 Speaker 3: bill before the House and the House and build before 718 00:40:55,880 --> 00:40:58,880 Speaker 3: the Senate and basically talk about what it is is 719 00:40:58,920 --> 00:41:02,000 Speaker 3: the AM rate radio for every car. That's basically the 720 00:41:02,080 --> 00:41:06,640 Speaker 3: terminology for those bill and the phone number is two 721 00:41:07,000 --> 00:41:12,080 Speaker 3: zero two two two four three one two one. Again, 722 00:41:12,160 --> 00:41:17,520 Speaker 3: that's two zero two two two four three one two one. 723 00:41:18,000 --> 00:41:20,919 Speaker 3: Let them know what you think about this, tell them 724 00:41:20,960 --> 00:41:24,400 Speaker 3: that you find it important that radios stay in cars 725 00:41:24,760 --> 00:41:28,440 Speaker 3: and that it be mandated and that it is available 726 00:41:28,440 --> 00:41:32,400 Speaker 3: again because of national emergencies or not. The House again, 727 00:41:32,520 --> 00:41:35,920 Speaker 3: the House bill is nine seventy nine and the Senate 728 00:41:36,000 --> 00:41:40,040 Speaker 3: bill is three fifteen. So just call that number. They're 729 00:41:40,200 --> 00:41:43,080 Speaker 3: very friendly. It's perhaps actually I've used it several times 730 00:41:43,120 --> 00:41:46,000 Speaker 3: and quite honestly, it's one of the few things that's 731 00:41:46,120 --> 00:41:49,560 Speaker 3: enjoyable and when dealing with the federal government, they're very polite, 732 00:41:49,680 --> 00:41:53,040 Speaker 3: very friendly, and it'll get your message into the mailbox 733 00:41:53,120 --> 00:41:56,760 Speaker 3: or the voicemail of your particular congressman or senators. 734 00:41:57,000 --> 00:41:58,319 Speaker 2: Well, folks, that does it for us. 735 00:41:58,320 --> 00:42:00,480 Speaker 3: We're up against clock here stay two un for red 736 00:42:00,520 --> 00:42:02,600 Speaker 3: Eye Radio a top the hour. And by the way, 737 00:42:02,800 --> 00:42:05,120 Speaker 3: if you miss any part of our program, make sure 738 00:42:05,160 --> 00:42:07,960 Speaker 3: you hit up that iHeartRadio app brought to you buyer 739 00:42:08,080 --> 00:42:11,680 Speaker 3: friends at Rush Truck Centers. I'm Kevin Gordon, America's Trucking 740 00:42:11,719 --> 00:42:14,640 Speaker 3: Network seven hundred WLW