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

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Speaker 2: Lulaable.

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Speaker 3: Thanks for tuning in on this Thursday morning. Well, the

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Speaker 3: twenty twenty six is off to a great start. If

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Speaker 3: you look at what is going on in the oil sector,

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Speaker 3: when you look at what's going on manufacturing, service sector,

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Speaker 3: everything across the board, things are pointing in the right direction.

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Speaker 3: We got some private payroll numbers which are two days

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Speaker 3: ahead of what the other jobs report from the US

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Speaker 3: government is going to be coming out later on in

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Speaker 3: the week. But private payrolls, according to ADP, payrolls rose

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Speaker 3: forty one thousand, slightly below expectations. Private sector job creation

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Speaker 3: turned positive in December, though a bit softer paced than expected.

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Speaker 3: Payroll processing firm ads reported on Wednesday companies added a

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Speaker 3: forty one thousand hires for the month, a reversal from

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Speaker 3: a loss of twenty nine thousand in November, providing a

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Speaker 3: positive sign for a labor market that otherwise struggled.

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Speaker 2: As twenty twenty five came to a close.

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Speaker 3: Private company payrolls had declined in three of the four

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Speaker 3: months prior to December. Final tally was slightly less than

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Speaker 3: the dal Jones' consensussessment of forty one thousand, So their

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Speaker 3: numbers and their estimates were off by fifteen percent, which

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Speaker 3: is they say slightly, but fifteen percent is a significant difference,

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Speaker 3: but it's still in the positive range, up forty one

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Speaker 3: thousand instead of forty eight that they had expected. Payroll

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Speaker 3: growth came entirely in service industries, as education and health

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Speaker 3: related fields added thirty nine thousand jobs. Leisure and hospitality

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Speaker 3: contributed to twenty four thousand.

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Speaker 2: Let me stop right there.

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Speaker 3: If you're adding jobs in the hospitality and leisure, that

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Speaker 3: means that people are out. Hospitality and leisuring to put

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Speaker 3: it like that, but people are out traveling, People are

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Speaker 3: out going to motels, hotels, They are going out and

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Speaker 3: spending money on dinners, going out, and included in hospitality

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Speaker 3: would be if you're going to movies, if you're going

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Speaker 3: to plays, if you're going to different sporting events. That's

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Speaker 3: all considered hospitality. So the consumer is continuing to spend.

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Speaker 3: We are still expanding that area. Therefore, these companies are

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Speaker 3: adding employees to accommodate the business that they're having. Trade

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Speaker 3: transportation utilities gained eleven thousand, which is good because in

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Speaker 3: the transportation industry. That means more stuff is moving, more

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Speaker 3: people are out on the road. As I talked about

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Speaker 3: coming back from Nashville back in the mid December, the

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Speaker 3: number of trucks that I saw out on the highway

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Speaker 3: there I mentioned at the time, it was just absolutely incredible.

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Speaker 3: So kind of contrary to what all these economists were

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Speaker 3: saying about, Oh, you know, we don't think the Christmas

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Speaker 3: season is going to be very good. People are going

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Speaker 3: to be holding back, people are gonna be No. They

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Speaker 3: didn't hold back, well, they held back a little bit

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Speaker 3: depending upon where you look. The total number amount of

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Speaker 3: money spent was up. They just spent it in different places.

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Speaker 3: They spent on more valued type items as opposed to

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Speaker 3: more luxury items, which in the final analysis, the stuff

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Speaker 3: that you use on a regular basis, the more practical

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Speaker 3: stuff that you buy, is a lot more important sometimes

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Speaker 3: than some of the stuff that you may use only

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Speaker 3: once in a blue moon type of thing. And so

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Speaker 3: when people are shifting around, and you know, we have

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Speaker 3: had major recessions back in the mid nineties, remember the

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Speaker 3: dot com bust. You know, everything was going to you know,

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Speaker 3: the Internet and everything was developing as far as the

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Speaker 3: dot coms, and then all of a sudden, that part

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Speaker 3: of the economy just absolutely collapsed. Then you fast forward

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Speaker 3: into two thousand and eight, two thousand and seven, two

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Speaker 3: thousand and five, we had this housing bubble. We had

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Speaker 3: a lot of things going in in terms of subprime

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Speaker 3: loans where the administration and the people at that time,

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Speaker 3: starting back during the Clinton years, but continuing on into

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Speaker 3: the Bush years, And every time I look back on

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Speaker 3: the Bush years, what I thought was being done as

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Speaker 3: far as conservativism at that time, not so much.

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Speaker 2: But there was this push to get.

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Speaker 3: As many people into the housing market as possible, to

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Speaker 3: get a situation of where you could have generational wealth

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Speaker 3: as opposed to what you're hearing about these knuckleheads that

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Speaker 3: are in charge of the Housing Commission in New York

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Speaker 3: talking about that housing and owning property.

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Speaker 2: Is white privilege.

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Speaker 3: Gosh, that's going to come as a big shock to

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Speaker 3: a lot of my African American friends and immigrant friends

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Speaker 3: and people that have come to this country from Russia

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Speaker 3: or yugoslav any of the people that have come to

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Speaker 3: this country that are owning property. That's going to come

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Speaker 3: as a big surprise to them. But again, that's the

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Speaker 3: knuckleheads of socialism, the communist type of mentality that is

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Speaker 3: now running New York. But again, when you look back

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Speaker 3: at the dock, at the housing market back in two

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Speaker 3: thousand and five, it was on fire. The housing prices

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Speaker 3: were going up tremendously. People were getting into homes, people

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Speaker 3: that shouldn't have been borrowing getting homes. They were adding

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Speaker 3: income to them and saying, well, if you're getting these

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Speaker 3: benefits and these benefits, well you could qualify basically for

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Speaker 3: a loan.

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Speaker 2: Well, it wasn't cash that they were receiving. It was

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Speaker 2: either you.

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Speaker 3: Know, snap benefits or housing accommodations or something along those lines.

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Speaker 3: So it wasn't actual cash money. So when people got

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Speaker 3: into a home that they couldn't afford, then all of

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Speaker 3: a sudden they defaulted on that. And then on top

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Speaker 3: of that, you had a situation where companies were act

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Speaker 3: you know, when you're bought, when you're loaning a lot

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Speaker 3: of money. Banks don't have endless cash reserves that they

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Speaker 3: can spend. So what they do is they went out

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Speaker 3: and they bundled these loans and sold them at a

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Speaker 3: discount where other people were processing those loans, and then

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Speaker 3: they had more cash in order to lend. Well, what

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Speaker 3: was happening is that they were taking well, let's say

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Speaker 3: your mortgage, my mortgage, our mortgage had been sold to

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Speaker 3: like four or five different companies. Now that is absolutely insane.

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Speaker 3: It wasn't illegal at the time. It was sure as

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Speaker 3: hell unethical, but people were going out and selling these loans,

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Speaker 3: not the same you know, not the same bundle, but

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Speaker 3: they'd mix them up and.

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Speaker 2: Sell them out.

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Speaker 3: But when somebody defaults on that loan, then that company

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Speaker 3: goes back and says, okay to the insurance company or

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Speaker 3: whatever to get that loan or to get that money back.

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Speaker 3: They find out that they're in line with four other

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Speaker 3: people for the same loan, which was absolutely ridiculous. Then

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Speaker 3: on top of that, you had some of these insurance

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Speaker 3: companies like you and I. We could go out and

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Speaker 3: we could form an insurance company. We could say, hey,

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Speaker 3: what you know, we're going to guarantee these subprime loans,

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Speaker 3: these loans that most people won't ensure.

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Speaker 2: We'll go ahead and ensure those.

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Speaker 3: We'll get a big down payment from them, sock that

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Speaker 3: money away, spend it, and then when the default comes

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Speaker 3: and they ask for the money to pay for you know,

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Speaker 3: from the insurance was upts. Guess what, we can't afford that,

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Speaker 3: so we're going to file bankruptcy. And so we had

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Speaker 3: the housing market collapse at that point. So then you

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Speaker 3: have that, and you've had, you know, different ups and

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Speaker 3: downs in the economy. And during those periods of times

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Speaker 3: when people, you know, in two thousand and eight, when

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Speaker 3: housing prices went down about forty percent, a lot of people,

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Speaker 3: you know, wound up losing their homes. But during times

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Speaker 3: and the Great Recession as they call it at that time,

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Speaker 3: not so much great, but in economic times, when things

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Speaker 3: start tightening up and your dollar doesn't go as far,

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Speaker 3: that's when people kind of look back and say, well,

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Speaker 3: how can I save money? Where am I wasting money?

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Speaker 3: How can I get more value added to this stuff?

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Speaker 3: And once in a while, even in good times, it's

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Speaker 3: good to take a look at that and say, gosh,

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Speaker 3: you know, I'm making money, I've got a good job.

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Speaker 3: Do I need to be spending money on this, that

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Speaker 3: and the other thing? Should I be socking a little

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Speaker 3: bit of money away? And this whole idea of just

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Speaker 3: you know, spend spend, spend, spend, spend when you don't

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Speaker 3: have them, when you shouldn't be doing that. You should

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Speaker 3: always be going for value. You know, I talk about

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Speaker 3: going to the grocery store. I went to the grocery

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Speaker 3: store last night. I actually went up there because we

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Speaker 3: were gonna have a salad, and so I went up

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Speaker 3: to get some lettuce, and I think I went up

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Speaker 3: to get some cheese, and I think I went up

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Speaker 3: to get the eggs. So I only went up there

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Speaker 3: to get three things. As I'm walking through the store,

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Speaker 3: it's but it was Tuesday night. I was up at

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Speaker 3: the store, and the sales for that week and that

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Speaker 3: time at that day, and then so the next day

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Speaker 3: the stuff that was on sale won't be on sale.

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Speaker 3: Walking through the store, I'm looking at certain prices, I said, well, geez,

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Speaker 3: that's a pretty decent price. I hadn't really looked at

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Speaker 3: the circulars or the flyers that had come out for

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Speaker 3: those that week for that particular store. And so I'm

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Speaker 3: walking through the store and I thought, well, gee whiz,

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Speaker 3: I'm getting low on cereal. So I buy a couple

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Speaker 3: of boxes of cereal. I'll buy this, I'll buy this,

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Speaker 3: and a couple of other items that I know that

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Speaker 3: we're going to be using over the next couple of weeks,

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Speaker 3: especially with football games and everything that's going to be playing,

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Speaker 3: and so I thought, well, snacks and that.

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Speaker 2: Sort of stuff, so I bought it. If I would have.

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Speaker 3: Not paid attention and just bought you know, the or

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Speaker 3: normal and when it's not on price, I would have

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Speaker 3: spent over sixty dollars going up to the store to

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Speaker 3: buy three items a head of lettuce, cheese, and eggs.

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Speaker 3: But I spent over sixty Well, on paper, it was

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Speaker 3: sixty five dollars. But because of the bargains that I got,

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Speaker 3: I'm getting boxes a cereal for a dollar, and we're

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Speaker 3: talking about name brands. There are a dollar ninety nine

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Speaker 3: I saved. According to the receipt here, I saved twenty

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Speaker 3: six dollars in seas seventy nine cents and spent forty

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Speaker 3: three dollars and thirty seven cents. Just by paying attention

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Speaker 3: to what's going on, you cut your food bill. And

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Speaker 3: these are the kinds of things that I recommend that

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Speaker 3: people do on a regular basis, because I would much

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Speaker 3: rather have that twenty six dollars in my pocket than

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Speaker 3: mister Kroger. So anyway, not that I'm downplaying Kroger, minds.

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Speaker 3: You got decent prices if you pay attention. But anyway,

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Speaker 3: coming up, we'll talk a little bit more about the

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Speaker 3: private payroll survey. I'm Kevin Gordon, America's truck a Network

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Speaker 3: seven hundred WLW.

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Speaker 2: I need this is.

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Speaker 1: The raathing repard on America's Trucking Network on seven hundred WLW.

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Speaker 4: NASCAR commissioner Steve Phelps announcing his resignation Tuesday after more

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Speaker 4: than twenty years with the top racing series in the

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Speaker 4: United States, amid a nasty federal trial in which inflammatory

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Speaker 4: texts he said during revenue sharing negotiations were revealed. Kenny

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Speaker 4: Wallace reacts to this move by coffee with Kenny.

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Speaker 2: It had to be done.

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Speaker 5: It had to be done for NASCAR to move forward.

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Speaker 5: There are good times ahead for NASCAR. Let me explain.

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Speaker 5: I'm privy to a lot of information. You all and

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Speaker 5: all of us are gonna get so much.

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Speaker 2: We're gonna get everything we wanted.

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Speaker 5: That everyone will have no choice but to love NASCAR again.

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Speaker 2: And other racing news.

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Speaker 4: Jesse Love, the reigning twenty twenty five NASCAR O'Reilly Auto

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Speaker 4: Parts Series champion, will compete in the twenty twenty six

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Speaker 4: Chili Bowl Nationals, the premier event in midget racing in Tulsa, Oklahoma.

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Speaker 4: Will Power made his first run for Andretti Global at

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Speaker 4: Phoenix Raceway on Wednesday as part of a Firestone Racing

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Speaker 4: tire test alongside former teammate Joseph Newgarden from Team Penske.

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Speaker 4: The Indy cars will run at Phoenix in March.

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Speaker 1: This is the racing reward on America's drug A Network

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Speaker 1: on seven hundred WL Say Dennison a t.

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Speaker 5: N.

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Speaker 3: I'm Kevin Gordon, americastruck A Network seven hundred WLW Taking

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Speaker 3: a look at again getting into this private payroll surveys

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Speaker 3: from ADP to a payroll processing firm. Talk about a

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Speaker 3: company that should have a handle on what's going on.

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Speaker 3: You figure that, all right, this is a company of

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Speaker 3: the process of payroll checks.

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Speaker 2: All right, If you're.

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Speaker 3: Processing ten thousand and fifteen thousand more checks this week

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Speaker 3: or this payroll period than you did the previous you'd

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Speaker 3: have a pretty good idea what's going on as far

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Speaker 3: as the labor market is concerned. So anyway, getting this

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Speaker 3: payroll report from them was a good thing. Again, up

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Speaker 3: forty one thousand from what was twenty nine negative twenty

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Speaker 3: nine thousand in November. Now, originally that number had come

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Speaker 3: in at thirty two, but it had been adjusted because

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Speaker 3: of the numbers, so it wound up being at twenty

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Speaker 3: nine thousand. Not a big difference there, but again they

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Speaker 3: had expected forty eight thousand, or the economists that expected

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Speaker 3: forty eight thousand forty one thousand. There were fifteen percent off,

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Speaker 3: but still in positive territory.

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Speaker 2: Nearly all the.

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Speaker 3: Job gains came in companies employing fewer than five hundred workers. Now,

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Speaker 3: wait a minute, let me stick skip back here, because

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Speaker 3: I got off track here When I was talking about

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Speaker 3: the payroll growth was in education, health related fields added

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Speaker 3: thirty nine thousand, and leisure and hospitality contributed twenty four thousand,

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Speaker 3: and then talking about the transportation adding eleven thousand. Again

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Speaker 3: talking about hospitality and leisure where people are spending money.

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Speaker 3: Where if they're still out there spending money, then these

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Speaker 3: companies are adding payrolls transportation, more goods are being transferred,

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Speaker 3: more goods are being transported over the whatever method, either

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Speaker 3: through airfare or railroad or trucking industry. So again financial

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Speaker 3: services rose by six thousand. Offsetting those gains were losses

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Speaker 3: of twenty nine thousand in professional and business services and

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Speaker 3: twelve thousand information services. Remember, with all the AI and

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Speaker 3: all that building up last year, a lot of technology

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Speaker 3: companies were hiring more and more.

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Speaker 2: People in order to get this up and running.

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Speaker 3: Well, apparently those people were being used to get things

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Speaker 3: up as far as AI is concerned. Once that's done,

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Speaker 3: then those contracts ended and those people have been eliminated.

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Speaker 2: And in the.

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Speaker 3: Service sector, as far as professional and business services, a

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Speaker 3: lot more stuff is being done online, a lot more programs.

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Speaker 3: You know, you can go online now and you can

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Speaker 3: see how certain well this time of year when people

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Speaker 3: are doing their taxes or thinking in terms of their taxes,

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Speaker 3: some of the programs that are out there are getting

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Speaker 3: better and better and better at taking your information, putting

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Speaker 3: it in there and coming up with a result, which

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Speaker 3: means that people that would be normally going to some

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Speaker 3: tax service company or in the professions there, those are

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Speaker 3: you know, coming down. People aren't using that as much.

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Speaker 3: And in terms of companies, a lot of AI is

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Speaker 3: starting to take over in those professional areas, and so

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Speaker 3: we're seeing a little bit of a decrease there, but

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Speaker 3: it could be temporary offsetting a gain twenty nine thousand

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Speaker 3: professional and business services that could come back again based

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Speaker 3: on if businesses aren't expanding, you're not going to have

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Speaker 3: a need for somebody that is a merger and acquisition.

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Speaker 3: So if these companies that do merger and acquisition advisement,

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Speaker 3: either accounting firms, at law firms or whatever, if they're

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Speaker 3: not doing many of that, well, then they've got too

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Speaker 3: many people on hand, and so they may be laying

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Speaker 3: some of those people off. So again, when we're looking

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Speaker 3: at nearly all the job games gains came in companies

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Speaker 3: employing fewer than five hundred workers. That is a good

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Speaker 3: sign because when you look at you know, we always

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Speaker 3: hear about the big major companies. You know, you got

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Speaker 3: your A, you got your GM, and you have your

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Speaker 3: Ford Motor Company, you have your grocery store companies, and

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Speaker 3: you have a lot of major employers. But the bulk

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Speaker 3: of people that are working are working for small companies.

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Speaker 3: To give you an example, firms with fewer than one

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Speaker 3: hundred employees less than one hundred employees employee fifty two

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Speaker 3: percent of the people that are working. Firms with one

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Speaker 3: hundred to four hundred and ninety nine employees, they represent

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Speaker 3: about twenty five percent of the employees working. Firms with

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Speaker 3: more than five hundred employees only represent twenty three percent

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Speaker 3: of the total people that are working out there, So

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Speaker 3: the major gains if you're seeing an uptick in small

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Speaker 3: businesses again, which they're not going to.

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Speaker 2: You know, when you're a small company.

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Speaker 3: You're a little bit more aware of what your costs

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Speaker 3: and what your expenses are because you're seeing them and

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Speaker 3: in some cases you're writing the checks for that or

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Speaker 3: paying the things online, so you're well aware of what's

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Speaker 3: going on. But if you're seeing that your business is

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Speaker 3: up and you need to hire employees, that's a good

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Speaker 3: sign because again with the small businesses, those are the

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Speaker 3: ones most adversely affected by interest rates. And as we

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Speaker 3: start seeing interest rates coming down, as we start seeing

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Speaker 3: them a nudge a little bit closer to a little

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Speaker 3: bit more reasonableness, which again they are still, in my opinion,

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Speaker 3: twice what they should be, because if you compare our

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Speaker 3: interest rates to other countries around the world, in the

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Speaker 3: developed world, developed countries, you look at what we're paying

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Speaker 3: here versus what they're doing in England and France and

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Speaker 3: the European Union, while they're all in the European Union.

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Speaker 3: But in other countries, Israel and some of these other countries,

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Speaker 3: our interest rates are.

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Speaker 2: A lot higher than what they are there.

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Speaker 3: So if you free up, you know, a couple of

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Speaker 3: half a percentage point here, a half percentage point there,

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Speaker 3: these small companies can now afford to hire more employees.

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Speaker 3: And when we're seeing more all the gains, most of

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Speaker 3: the gains coming in companies that are less than five hundred.

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Speaker 3: That is a very good sign for our economy and

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Speaker 3: a very good bright spot. As far as job openings,

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Speaker 3: what they're talking about. This from the Bureau of Labor Statistics,

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Speaker 3: the number of job openings was little changed at seven

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Speaker 3: point one million in November. US Labor Statistics reported over

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Speaker 3: the month, hires were little change. Let me see, hires

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Speaker 3: were little change and total separations were unchanged at five

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Speaker 3: point one million each within separations both quits three point

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Speaker 3: two million and layoffs and discharges one point seven million.

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Speaker 3: So that in terms of the labor market is kind

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Speaker 3: of on an even keel.

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Speaker 2: Let me go back to this particular story from ADP

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Speaker 2: talking about ADP.

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Speaker 3: Well, one of the things in there, wage gains continue

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Speaker 3: to be tempered and those staying on their job seeing

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Speaker 3: an average annual increase of four point four percent was

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Speaker 3: unchanged from November, while job changers saw So if somebody

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Speaker 3: switching jobs, and again, if you happen to be in

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Speaker 3: the market marketing, you happen to be looking for a job,

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Speaker 3: you know, it's always best to have a job, know

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Speaker 3: where you're going to land before you quit. So if

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Speaker 3: somebody is a job hopping, they are seeing a six

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Speaker 3: point six point six percent increase, which is a little

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Speaker 3: bit better. Talking about Bureau of Labor Statistics watching on

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Speaker 3: firm payrolls, those will be coming out, I think they

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Speaker 3: said on Friday, economic survey by dal Jones expects seventy

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Speaker 3: three thousand new jobs for the month, up from sixty

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Speaker 3: four thousand in November. Of course we'll see how those

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Speaker 3: numbers pan out, and of course we'll have that for

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Speaker 3: you on Tuesday. But again the Bureau of Labor Statistics,

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Speaker 3: the number of people job opening is to seven point

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Speaker 3: one pretty much unchanged. So what boggles my mind is

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Speaker 3: that if layoffs are low, if the unemployment, if the

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Speaker 3: initial jobless claims are low, and the number of people

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Speaker 3: that are out of work is unchanged, how are we going?

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Speaker 3: And I can't wait to see the next unemployment number.

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Speaker 3: They said it jumped up to four point six percent,

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Speaker 3: when it had been at four point one. Then they

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Speaker 3: nudged it up to four point two sometime in September

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Speaker 3: October thereabouts, then up to four point three I think

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Speaker 3: it was in October. How it went to four point

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Speaker 3: six percent when you don't see any major layoffs, when

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Speaker 3: you don't see any major companies going out of business

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Speaker 3: or anything along those lines, initial jobless claims remaining steady,

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Speaker 3: the number of people that are out of work remaining

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Speaker 3: within a certain range. I just don't understand how they

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Speaker 3: came up with that four point six percent unless there's

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Speaker 3: some gaming of the numbers trying to downplay the economy.

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Speaker 3: Remember Rick Santelly talking about GDP when we got these,

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Speaker 3: when they were expecting basically about a three point what

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Speaker 3: was a three point eight percent increase in a GDP

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Speaker 3: and it came in and roaring at five point a

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Speaker 3: four point three percent increase, And he talked about consumer sentiment,

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Speaker 3: and he said, you can take those consumer sentiment things

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Speaker 3: and take a big shovel and put them in the

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Speaker 3: trash can. Because the mainstream media, as I call them,

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Speaker 3: the spoon federc urgitators in the mainstream media, as he

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Speaker 3: talked about, had poisoned the well. So again, the perception

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Speaker 3: versus reality is incredible. Coming up, we're going to talk

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Speaker 3: a little bit about transportation stocks. I'm Kevin Gordon, America's

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Speaker 3: struck A Network seven hundred WLW tuitions.

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Speaker 6: Here's your trucking forecast for the Try State and the

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Speaker 6: rest of the country. In the Try State of a

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Speaker 6: night partly Claudie, the low down to thirty seven, mostly cloudy. Thursday,

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Speaker 6: highs in the lower sixties. Friday, rain early Anyboy early

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Speaker 6: afternoon hides into the upper sixties, then Claudie with rain

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Speaker 6: mainly in the morning. Saturday, a high fifty eight nationally

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Speaker 6: Thursday night into Friday. Snow will impact southeastern Colorado into

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Speaker 6: New Mexico. A severe weather thread to flash flenty forecasts

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Speaker 6: across the lower Mississippi and Tennessee Valley Friday. Cooler temperatures

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Speaker 6: will be seen in the interior West Thursday, as mountain

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Speaker 6: snow was seen in the Cascades in northern Rockies Wednesday night. Meanwhile,

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Speaker 6: record warm temperatures expected for much of the southeast to

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Speaker 6: the Ohio Valley thirsty into Friday.

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Speaker 3: Seven hundred WLW. I'm Kevin Gordon. This as America Struck

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Speaker 3: In Network and we're talking about jobs and talking about

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Speaker 3: what the ADP numbers were and then the job openings

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Speaker 3: and unemployment numbers.

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Speaker 2: And my problem with that if you miss.

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Speaker 3: Any of that, or we missed any of our shows,

408
00:22:36,680 --> 00:22:38,560
Speaker 3: hit up that iHeartRadio app brought to you by our

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Speaker 3: friends at Rush Truck Centers. I've mentioned before we're going

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Speaker 3: to be talking about transportation stocks and again if you

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Speaker 3: want to get an indication of what's going on as

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Speaker 3: far as our economy is concerned.

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Speaker 2: Now, we know that.

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Speaker 3: It's not been a big secret, but that there has

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Speaker 3: been You know, the typical trucking recession is generally something

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Speaker 3: in the neighborho of twelve to fourteen months. We are

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Speaker 3: now into the third year of the trucking recession, with

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Speaker 3: freight rates being down and optimism not being there. Well,

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Speaker 3: if you look at the transport stocks, somebody is seeing

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Speaker 3: something in there that I have been saying that I

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Speaker 3: see a positive outlook. I've been very bullish on this

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Speaker 3: economy and I think the main thing holding us back

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Speaker 3: is higher interest rates. If that number gets freed up

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Speaker 3: and people have more money to spend. We're going to

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Speaker 3: see businesses expanding. We're going to see people buying more trucks,

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Speaker 3: We're going to see people buying more cars. Hell, we

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Speaker 3: had the report the other day that they had not

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Speaker 3: expec They had expected, what a two percent increase in

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Speaker 3: terms of new car sales, and it winds up being

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Speaker 3: over six percent. What was it, Ford at six point

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Speaker 3: six percent, Toyota up eight percent, something along those lines.

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Speaker 3: So those are major purchases, and if people are out

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Speaker 3: there buying that, that's good for the economy. That's good

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Speaker 3: for as far as GDP numbers and as far as

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Speaker 3: people spending money. So the uptick people being optimistic about

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Speaker 3: the economy. They may be, you know, on some of

437
00:24:10,240 --> 00:24:13,040
Speaker 3: these surveys, it may be something to the extent of, well,

438
00:24:13,080 --> 00:24:16,639
Speaker 3: you know, I'm feeling pretty good about my situation. You know,

439
00:24:16,720 --> 00:24:20,200
Speaker 3: things seem to be going pretty good on my particular household.

440
00:24:20,520 --> 00:24:22,760
Speaker 3: But in these surveys when they ask them is well,

441
00:24:22,760 --> 00:24:24,640
Speaker 3: what do you think about the rest of the economy, Well,

442
00:24:24,720 --> 00:24:27,320
Speaker 3: you know, all the drum beat, as Rick Santelli said,

443
00:24:27,520 --> 00:24:29,919
Speaker 3: the drum beat from the mainstream media, or as I

444
00:24:29,960 --> 00:24:33,520
Speaker 3: refer to them, the spoon fed regurgitators in the mainstream media.

445
00:24:33,720 --> 00:24:36,320
Speaker 3: They have poisoned the well. I would say that not

446
00:24:36,359 --> 00:24:39,119
Speaker 3: only have they poisoned the well, they have destroyed the well.

447
00:24:39,600 --> 00:24:42,560
Speaker 3: So if people's optimism because of the drum beat from

448
00:24:42,600 --> 00:24:46,360
Speaker 3: the spoon fed regurgitators the mainstream media talking about talking

449
00:24:46,440 --> 00:24:49,400
Speaker 3: down the economy and in my opinion, trying to manufacture

450
00:24:49,400 --> 00:24:53,159
Speaker 3: a recession, people may be answering these surveys and saying, well, gee, whiz.

451
00:24:53,680 --> 00:24:55,600
Speaker 3: You know, I don't know about the rest of the economy,

452
00:24:55,640 --> 00:24:57,960
Speaker 3: so you know, I'm down on the economy. I just

453
00:24:58,000 --> 00:24:59,800
Speaker 3: don't think it's going to expand as much as I

454
00:24:59,800 --> 00:25:02,880
Speaker 3: think think it's going to expand. Now my situation is fine,

455
00:25:03,080 --> 00:25:06,280
Speaker 3: but I'm worried about my neighbor. So again, it's one

456
00:25:06,280 --> 00:25:11,520
Speaker 3: of those things where perception isn't meeting reality. Transportation stocks

457
00:25:11,720 --> 00:25:16,800
Speaker 3: jumped to a record high on economic optimism. US transportation

458
00:25:16,880 --> 00:25:20,880
Speaker 3: stocks closed at a record level January sixth, capping off

459
00:25:20,920 --> 00:25:26,600
Speaker 3: a rebound fueled by prospects of strong economic growth this year.

460
00:25:27,080 --> 00:25:30,959
Speaker 3: Dow Jones Transportation average rose one point seven percent to

461
00:25:31,080 --> 00:25:35,040
Speaker 3: close it and they gave the eighteen thousand thirty three point five,

462
00:25:35,160 --> 00:25:39,359
Speaker 3: eight points above the previous record set in November of

463
00:25:39,520 --> 00:25:43,840
Speaker 3: twenty twenty four, after falling short of a new high

464
00:25:44,000 --> 00:25:48,240
Speaker 3: day earlier. Old Dominion Freight Line and Uber Technologies were

465
00:25:48,280 --> 00:25:52,800
Speaker 3: among the top performers. The gauge slumped last year's President

466
00:25:52,880 --> 00:25:53,919
Speaker 3: Donald Truyn love this.

467
00:25:54,720 --> 00:25:55,119
Speaker 2: Who's this?

468
00:25:56,040 --> 00:26:00,840
Speaker 3: It's from a particular transportation organization, and transportation I'll just

469
00:26:00,920 --> 00:26:03,520
Speaker 3: name it. It's the Transport Topics is the name of the company.

470
00:26:03,520 --> 00:26:05,080
Speaker 3: But I think that a lot of times they get

471
00:26:05,080 --> 00:26:08,119
Speaker 3: their news from the AP or some of these others,

472
00:26:08,320 --> 00:26:09,960
Speaker 3: and then they take it and put it in here.

473
00:26:10,080 --> 00:26:11,960
Speaker 3: So of course they have to throw in here the

474
00:26:12,040 --> 00:26:15,720
Speaker 3: gage swump last year as President Donald Trump's trade war

475
00:26:15,960 --> 00:26:19,880
Speaker 3: rippled through the markets and a downturn in the trucking

476
00:26:19,920 --> 00:26:24,360
Speaker 3: sector dragged on, while flight chaos due to the longest

477
00:26:24,400 --> 00:26:28,040
Speaker 3: government shutdown. Okay, so they throw that sentence in right

478
00:26:28,080 --> 00:26:31,080
Speaker 3: after Donald Trump's trade war, but they don't mention that

479
00:26:31,160 --> 00:26:34,400
Speaker 3: the flight chaos due to the longest government shutdown by

480
00:26:34,640 --> 00:26:38,000
Speaker 3: Chuck Schumer and the Democrats. Why don't they put that

481
00:26:38,160 --> 00:26:41,119
Speaker 3: in this particular story, because it was, in fact the

482
00:26:41,160 --> 00:26:45,720
Speaker 3: Schumer shutdown, the longest shutdown in history, added to pain

483
00:26:46,000 --> 00:26:52,200
Speaker 3: for airlines. The rebound came amid broad outperformance in stocks

484
00:26:52,200 --> 00:26:56,119
Speaker 3: closely linked to the health of the US economy. Let

485
00:26:56,200 --> 00:27:02,000
Speaker 3: me repeat that, the rebound came amid broad out performance

486
00:27:02,080 --> 00:27:08,040
Speaker 3: in stocks closely linked to the health of the US economy.

487
00:27:08,200 --> 00:27:12,240
Speaker 3: According to Michael a'rouric, chief market strategists at Jones Trading,

488
00:27:12,600 --> 00:27:16,240
Speaker 3: the transports have had a couple of major headwinds over

489
00:27:16,280 --> 00:27:20,439
Speaker 3: the past twelve months the kept investors cautious, notably the

490
00:27:20,520 --> 00:27:24,440
Speaker 3: trade war, terrifs and government shutdown. The group is catching

491
00:27:24,560 --> 00:27:29,119
Speaker 3: up to the market and the economy. Transport stocks added

492
00:27:29,359 --> 00:27:33,080
Speaker 3: up to one point two percent advanced January the fifth,

493
00:27:33,280 --> 00:27:37,560
Speaker 3: when airlines and logistics shares gained on expectations of US

494
00:27:37,600 --> 00:27:40,800
Speaker 3: intervention in oil rich Venezuela.

495
00:27:40,640 --> 00:27:43,440
Speaker 2: Will lead to lower fuel prices.

496
00:27:43,760 --> 00:27:46,920
Speaker 3: The march to the January sixth record came amid strength

497
00:27:46,960 --> 00:27:49,800
Speaker 3: across the US equity market, with the S and P

498
00:27:50,000 --> 00:27:54,560
Speaker 3: five hundred notching its own fresh highs. And we're not

499
00:27:54,720 --> 00:27:58,280
Speaker 3: talking about highs for the week, highs for the day,

500
00:27:58,600 --> 00:28:02,000
Speaker 3: highs for the month. We're talking about our stock market

501
00:28:02,080 --> 00:28:05,879
Speaker 3: and looking at what is going on there is the

502
00:28:06,080 --> 00:28:11,240
Speaker 3: highest in the history of the stock market, which means

503
00:28:11,480 --> 00:28:15,399
Speaker 3: that people are feeling very good despite what the spoon

504
00:28:15,440 --> 00:28:18,920
Speaker 3: fed regurgitators in the mainstream media are trying to propose

505
00:28:19,400 --> 00:28:23,679
Speaker 3: now speaking of oil gas and talking about possibility of

506
00:28:24,480 --> 00:28:27,720
Speaker 3: in there we just mentioned in terms of people thinking

507
00:28:27,720 --> 00:28:31,800
Speaker 3: in terms of the transportation stock with fuel prices coming down,

508
00:28:32,240 --> 00:28:35,440
Speaker 3: let's take a look at oil and gas prices real quick.

509
00:28:35,480 --> 00:28:35,680
Speaker 2: Here.

510
00:28:36,040 --> 00:28:39,400
Speaker 3: West Texas Intermediate crewed currently is at fifty six dollars

511
00:28:39,440 --> 00:28:42,760
Speaker 3: and two cents a barrel. That is down a one

512
00:28:42,840 --> 00:28:45,520
Speaker 3: dollar and eleven cents. As it's back up here a second.

513
00:28:45,640 --> 00:28:49,320
Speaker 3: When Nicholas Maduro was captured Saturday night into Sunday morning,

514
00:28:49,640 --> 00:28:51,480
Speaker 3: people were saying, oh, the old markets are going to

515
00:28:51,560 --> 00:28:53,640
Speaker 3: go crazy, and of course they went up a little bit.

516
00:28:53,920 --> 00:28:56,120
Speaker 3: But then when the dust settle and people take a

517
00:28:56,120 --> 00:28:58,520
Speaker 3: look at this and what could possibly be happening down

518
00:28:58,560 --> 00:29:01,120
Speaker 3: there in Venezuela and what's going on in the other

519
00:29:01,200 --> 00:29:03,600
Speaker 3: oil markets, things have settled considerably.

520
00:29:03,840 --> 00:29:05,640
Speaker 2: So when they shot up.

521
00:29:05,720 --> 00:29:09,240
Speaker 3: They are now down a dollar eleven from just yesterday,

522
00:29:09,440 --> 00:29:12,760
Speaker 3: or a one point ninety four percent decrease. West Texas

523
00:29:12,760 --> 00:29:15,920
Speaker 3: Intermediate crude Brent krude currently is at fifty nine dollars.

524
00:29:16,040 --> 00:29:19,959
Speaker 3: We are talking right now, both of the major oil

525
00:29:20,200 --> 00:29:25,080
Speaker 3: markets people tracked West Texas Intermediate and Brent crude both

526
00:29:25,160 --> 00:29:29,320
Speaker 3: below sixty dollars during the Biden administration, they had gotten

527
00:29:29,400 --> 00:29:32,240
Speaker 3: up to over one hundred and twenty. People were saying

528
00:29:32,280 --> 00:29:35,680
Speaker 3: it during the Biden administration, we will never see oil

529
00:29:35,960 --> 00:29:41,680
Speaker 3: down below seventy dollars a barrel, so called experts. Brent

530
00:29:41,800 --> 00:29:44,680
Speaker 3: crude currently is fifty nine dollars and ninety seven cents

531
00:29:44,680 --> 00:29:47,680
Speaker 3: a barrel. That is down seventy three cents or one

532
00:29:47,720 --> 00:29:51,560
Speaker 3: point to zero percent. Donald Trump has not been in

533
00:29:51,640 --> 00:29:56,800
Speaker 3: office a year yet. Okay, the inauguration was January the twentieth.

534
00:29:57,200 --> 00:30:01,360
Speaker 3: Just since January the twentieth, Brent West Texas Intermediate is

535
00:30:01,440 --> 00:30:05,080
Speaker 3: down twenty dollars and eighty seven cents a barrel, or

536
00:30:05,240 --> 00:30:11,000
Speaker 3: twenty seven percent. Let me repeat that twenty seven percent.

537
00:30:11,480 --> 00:30:15,160
Speaker 3: Brent crude currently at the fifty nine ninety seven is

538
00:30:15,280 --> 00:30:19,080
Speaker 3: down nineteen dollars and ninety three cents from where it

539
00:30:19,280 --> 00:30:23,600
Speaker 3: was January the twentieth, when Trump took office. That means

540
00:30:23,600 --> 00:30:27,280
Speaker 3: that that is down twenty five percent.

541
00:30:27,360 --> 00:30:30,200
Speaker 2: And haven't even hit the year at We're what.

542
00:30:31,840 --> 00:30:34,880
Speaker 3: January the eighth, so we got twelve more days. Just

543
00:30:35,000 --> 00:30:40,080
Speaker 3: absolutely incredible. Gasoline prices across the board. Current national average

544
00:30:40,080 --> 00:30:42,960
Speaker 3: is two dollars and eighty two cents a gallon. Diesel

545
00:30:43,080 --> 00:30:46,360
Speaker 3: is at three dollars and fifty fifty four cents. Now,

546
00:30:46,400 --> 00:30:49,959
Speaker 3: taking a look at oil, the gasoline prices at two

547
00:30:50,040 --> 00:30:54,239
Speaker 3: dollars and eighty two cents. We are now back to

548
00:30:54,360 --> 00:30:57,360
Speaker 3: the prices where they were close close to the prices

549
00:30:57,400 --> 00:31:00,840
Speaker 3: back in twenty twenty when we were entered independent for

550
00:31:00,880 --> 00:31:04,360
Speaker 3: the first time since nineteen forty nine. Gasoline at that

551
00:31:04,440 --> 00:31:07,000
Speaker 3: time was at two dollars and sixty six cents, so

552
00:31:07,040 --> 00:31:09,880
Speaker 3: we were only fourteen cents higher than that, or six

553
00:31:09,920 --> 00:31:11,840
Speaker 3: percent compared to a year ago.

554
00:31:12,160 --> 00:31:13,520
Speaker 2: We are down a year ago.

555
00:31:13,880 --> 00:31:17,520
Speaker 3: We are down twenty five cents a gallon national average.

556
00:31:17,640 --> 00:31:21,280
Speaker 3: Now this could be you know, in your neighborhood or thereabouts,

557
00:31:21,520 --> 00:31:23,840
Speaker 3: you could be actually even lower than give you an

558
00:31:23,920 --> 00:31:27,880
Speaker 3: example in my neighborhood. I think the average across the

559
00:31:27,920 --> 00:31:31,720
Speaker 3: board in Kentucky right now is somewhere around two dollars

560
00:31:31,800 --> 00:31:34,240
Speaker 3: and fifty five cents a gallon in my neck of

561
00:31:34,240 --> 00:31:36,800
Speaker 3: the woods, in my neighborhood, not even my county, just

562
00:31:36,880 --> 00:31:40,360
Speaker 3: my zip code, gasoline prices are down to two dollars

563
00:31:40,440 --> 00:31:43,880
Speaker 3: and thirty nine cents. That's down twenty cents from last week.

564
00:31:44,200 --> 00:31:46,400
Speaker 3: Now there are there are a couple and this is

565
00:31:46,440 --> 00:31:50,120
Speaker 3: where your gas or where your fuel app comes into play.

566
00:31:50,440 --> 00:31:52,480
Speaker 3: Because you got these apps that you can check, you

567
00:31:52,480 --> 00:31:55,440
Speaker 3: know what fuel prices are around. There are some gas

568
00:31:55,480 --> 00:31:59,680
Speaker 3: stations in my zip code that are selling gasoline to

569
00:31:59,720 --> 00:32:02,720
Speaker 3: two and seventy nine cents. That's a forty cent per

570
00:32:02,800 --> 00:32:06,440
Speaker 3: gallon difference. Again, cost conscious, go for the ones, and

571
00:32:06,480 --> 00:32:09,400
Speaker 3: these are reputable companies. At two dollars and thirty nine cents,

572
00:32:09,480 --> 00:32:12,000
Speaker 3: you don't have to pay forty extra cents a gallon.

573
00:32:12,360 --> 00:32:15,440
Speaker 3: Diesel currently at three dollars and twenty nine cents to

574
00:32:15,560 --> 00:32:18,000
Speaker 3: a high of three dollars and thirty nine cents, so

575
00:32:18,040 --> 00:32:20,320
Speaker 3: they're within about ten cents of each other, and that

576
00:32:20,360 --> 00:32:22,880
Speaker 3: has been pretty much unchanged for the last couple of weeks.

577
00:32:22,880 --> 00:32:24,840
Speaker 3: So I kind of give you an indication of what's

578
00:32:24,880 --> 00:32:27,960
Speaker 3: going on as far as gas prices are concerned. Coming up,

579
00:32:28,080 --> 00:32:29,960
Speaker 3: we want to talk a little bit about uh. I

580
00:32:30,000 --> 00:32:31,959
Speaker 3: want to talk a little bit about oil and some

581
00:32:32,000 --> 00:32:34,280
Speaker 3: of the forecasts coming out of what we're going to

582
00:32:34,280 --> 00:32:37,120
Speaker 3: be seeing down in Venezuela. I'm Kevin Gordon, America's Trucking

583
00:32:37,160 --> 00:32:42,800
Speaker 3: Network seven hundred WLW.

584
00:32:41,480 --> 00:32:47,640
Speaker 7: News Radio seven hundred WLW and iHeartRadio Station Guarantee Human

585
00:32:48,080 --> 00:32:51,480
Speaker 7: seven hundred WLW HI Hard Radio.

586
00:32:51,920 --> 00:32:54,400
Speaker 8: Running a business is hard enough. Don't make it harder

587
00:32:54,440 --> 00:32:56,440
Speaker 8: with dozens of apps that don't talk to each other.

588
00:32:56,760 --> 00:32:59,600
Speaker 8: One for sales, another for inventory, a separate one for

589
00:32:59,640 --> 00:33:03,000
Speaker 8: account hunting. That's software overload. ODO is the all in

590
00:33:03,000 --> 00:33:07,360
Speaker 8: one platform that replaces them all CRM, accounting, inventory, e

591
00:33:07,400 --> 00:33:11,480
Speaker 8: commerce HR fully integrated and easy to use and built

592
00:33:11,520 --> 00:33:14,400
Speaker 8: to grow with your business. Thousands have already made the switch.

593
00:33:14,640 --> 00:33:19,280
Speaker 8: Why not you try ODO for free at odoo dot com.

594
00:33:19,320 --> 00:33:20,960
Speaker 8: That's Odo dot com.

595
00:33:21,080 --> 00:33:23,920
Speaker 9: Over the years, you've brought them into your home. We

596
00:33:24,000 --> 00:33:27,600
Speaker 9: were prescribed opioids after the C section when dad entered

597
00:33:27,640 --> 00:33:32,480
Speaker 9: his back, when your basketball star tores acl Opioids helped

598
00:33:32,480 --> 00:33:35,680
Speaker 9: with the pain, and you held onto them just in case.

599
00:33:36,320 --> 00:33:37,680
Speaker 2: But did you know holding onto.

600
00:33:37,600 --> 00:33:42,160
Speaker 9: Unused opioids puts your family at risk. Opioids are powerful

601
00:33:42,280 --> 00:33:46,400
Speaker 9: pain reducing prescription medicines, but most people who are prescribed

602
00:33:46,440 --> 00:33:51,160
Speaker 9: opioids don't finish their prescriptions, so millions of unused opioids

603
00:33:51,200 --> 00:33:54,800
Speaker 9: are sitting at homes across the country, and tragically, more

604
00:33:54,840 --> 00:33:59,720
Speaker 9: than one hundred Americans die every day from overdoses involving opioids.

605
00:34:00,560 --> 00:34:03,680
Speaker 9: What can you do to protect your family remove the

606
00:34:03,800 --> 00:34:08,040
Speaker 9: risk of unused opioids from your home, pills patches or

607
00:34:08,120 --> 00:34:12,360
Speaker 9: syrups and drawers, purses and cabinets anywhere they might be hiding.

608
00:34:12,760 --> 00:34:15,479
Speaker 9: To find out how to dispose of them properly, visit

609
00:34:15,640 --> 00:34:19,880
Speaker 9: www dot FDA dot gov slash drug Disposal.

610
00:34:21,160 --> 00:34:23,400
Speaker 2: I expected to be a lot easier. I thought it

611
00:34:23,440 --> 00:34:25,760
Speaker 2: was going to be a piece of cake. I didn't

612
00:34:25,840 --> 00:34:28,600
Speaker 2: know what stuff to take next. I was transitioning from

613
00:34:28,640 --> 00:34:30,160
Speaker 2: the military. I was a vehicle.

614
00:34:29,840 --> 00:34:31,680
Speaker 6: Gunner, an avionic specialist.

615
00:34:32,000 --> 00:34:35,200
Speaker 2: I was an MP military police. My friends thought I

616
00:34:35,239 --> 00:34:40,200
Speaker 2: could do anything. I missed my unit, my family, playing

617
00:34:40,200 --> 00:34:45,320
Speaker 2: with my daughter. I felt like a stranger. I was overwhelmed.

618
00:34:45,440 --> 00:34:47,960
Speaker 2: I couldn't sleep. I just wanted to be by myself.

619
00:34:48,280 --> 00:34:50,320
Speaker 2: I didn't have a clear sense of what to do next.

620
00:34:50,960 --> 00:34:53,839
Speaker 2: I was too proud, and then I thought, if I'm

621
00:34:53,840 --> 00:34:56,120
Speaker 2: going through this, other veterans have gone through too. Right.

622
00:34:57,120 --> 00:35:00,880
Speaker 2: I started to open up and it made it huge difference.

623
00:35:01,360 --> 00:35:04,319
Speaker 2: So I reached out when I saw that I wasn't alone.

624
00:35:04,520 --> 00:35:07,160
Speaker 8: Because before I was able to take on my next mission,

625
00:35:07,320 --> 00:35:09,520
Speaker 8: I had to take on just taking care of myself.

626
00:35:10,000 --> 00:35:12,120
Speaker 2: It's fine purpose.

627
00:35:13,120 --> 00:35:16,240
Speaker 7: Go to makethconnection dot net to learn how other veterans

628
00:35:16,239 --> 00:35:19,400
Speaker 7: have overcome the challenges of transitioning out of the military.

629
00:35:20,040 --> 00:35:24,560
Speaker 10: A message from DAV to all returning veterans. Thank you.

630
00:35:26,040 --> 00:35:29,279
Speaker 10: Thank you for doing your duty. Thank you for doing

631
00:35:29,360 --> 00:35:33,759
Speaker 10: our bidding. Thank you for laying it all on the line.

632
00:35:34,040 --> 00:35:38,080
Speaker 10: Thank you for stepping up and not backing down. Thank

633
00:35:38,120 --> 00:35:40,920
Speaker 10: you for putting your future on hold to put our

634
00:35:41,040 --> 00:35:44,960
Speaker 10: enemies on notice. Thank you for putting your buddies' lives

635
00:35:45,040 --> 00:35:48,279
Speaker 10: ahead of your own. Thank you for putting yourself in

636
00:35:48,360 --> 00:35:53,680
Speaker 10: harm's way. Thank you for defending our freedom, for displaying

637
00:35:53,719 --> 00:35:57,440
Speaker 10: your honor, for being a hero, even though you don't

638
00:35:57,440 --> 00:36:00,399
Speaker 10: want to be called one. For all this and more,

639
00:36:00,760 --> 00:36:04,960
Speaker 10: DAV thanks you, and we're here to help you. Expert

640
00:36:05,080 --> 00:36:08,839
Speaker 10: DAV advisors will make sure you get the health, disability

641
00:36:08,840 --> 00:36:12,520
Speaker 10: and financial benefits you are promised and earned. If you're

642
00:36:12,560 --> 00:36:16,640
Speaker 10: a veteran, Visit DAV dot org for free health and again,

643
00:36:17,760 --> 00:36:18,160
Speaker 10: thank you.

644
00:36:19,560 --> 00:36:23,560
Speaker 7: Live from the seven hundred WLW Studio WLW.

645
00:36:23,600 --> 00:36:24,520
Speaker 2: I'm Kevin Bordon.

646
00:36:25,160 --> 00:36:29,560
Speaker 3: Over the weekend with the capture of Nicholas Maduro and

647
00:36:29,840 --> 00:36:33,120
Speaker 3: a change in well, not necessarily the regime because some

648
00:36:33,160 --> 00:36:36,360
Speaker 3: of the people that were there are still in charge. However,

649
00:36:36,880 --> 00:36:39,680
Speaker 3: maybe a little bit more cooperation with the US, and

650
00:36:39,760 --> 00:36:45,280
Speaker 3: cooperation in terms of getting rid of the drugs coming

651
00:36:45,320 --> 00:36:47,959
Speaker 3: into this country, being coming out of that country into

652
00:36:47,960 --> 00:36:52,080
Speaker 3: our country, and actually around the world. They were talking about, Oh,

653
00:36:52,200 --> 00:36:54,879
Speaker 3: you know Donald Trump, you know he thinks that that

654
00:36:55,000 --> 00:36:57,879
Speaker 3: you know that the oil companies going back in there,

655
00:36:57,880 --> 00:37:01,200
Speaker 3: that it's gonna it's going to take three years in

656
00:37:01,320 --> 00:37:07,080
Speaker 3: order for the those oil supply to come back from Venezuela. Okay,

657
00:37:07,320 --> 00:37:11,680
Speaker 3: before Hugo Chavez took control of the government down there

658
00:37:11,680 --> 00:37:15,120
Speaker 3: about fifteen, almost twenty years ago, they were pumping out

659
00:37:15,320 --> 00:37:19,680
Speaker 3: three million barrels of oil per day. They are down

660
00:37:19,800 --> 00:37:22,759
Speaker 3: below a million barrels. I think the number I was

661
00:37:22,800 --> 00:37:25,800
Speaker 3: seeing was somewhere in the neighborhood. Well, it is below

662
00:37:25,840 --> 00:37:29,359
Speaker 3: a million dollars a million barrels, So two thirds of

663
00:37:29,440 --> 00:37:33,080
Speaker 3: the oil that was being pumped is not being pumped.

664
00:37:33,239 --> 00:37:35,560
Speaker 3: And of course, with the infrastructure, when you have a

665
00:37:35,560 --> 00:37:40,000
Speaker 3: communist dictator, and you've got communists of collectivism that you

666
00:37:40,000 --> 00:37:44,080
Speaker 3: know everybody, you know, nobody can everybody is equal, you know, nobody,

667
00:37:44,280 --> 00:37:46,680
Speaker 3: nobody can make more, and you know there's no incentive

668
00:37:46,680 --> 00:37:49,040
Speaker 3: for anybody to do anymore. Well, of course, if there's

669
00:37:49,080 --> 00:37:52,120
Speaker 3: no incentive for you to improve your situation or no

670
00:37:52,680 --> 00:37:54,480
Speaker 3: to do better on the job because you can get

671
00:37:54,480 --> 00:37:57,919
Speaker 3: a pay raise. The infrastructure down there, as you see

672
00:37:57,920 --> 00:38:03,160
Speaker 3: in Cuba and every communist the economy, the infrastructure goes

673
00:38:03,160 --> 00:38:04,359
Speaker 3: to hell in a handbasket.

674
00:38:04,719 --> 00:38:06,920
Speaker 2: So they're talking about, well, for these oil.

675
00:38:06,719 --> 00:38:09,080
Speaker 3: Companies to get back in there, because some of this

676
00:38:09,120 --> 00:38:12,719
Speaker 3: stuff has deteriorated, it's going to take three years or

677
00:38:12,800 --> 00:38:15,799
Speaker 3: more for them to get back up and running. This

678
00:38:15,960 --> 00:38:19,719
Speaker 3: reminds me of the knuckleheads back during the Clinton administration

679
00:38:20,200 --> 00:38:23,200
Speaker 3: when they were talking about drilling for oil and an

680
00:38:23,280 --> 00:38:29,080
Speaker 3: war because at that time, again history repeating itself, gas

681
00:38:29,160 --> 00:38:33,239
Speaker 3: prices were high, oil prices were high compared to the economy.

682
00:38:33,280 --> 00:38:36,400
Speaker 3: At that point, people were saying, well, an war, and

683
00:38:36,400 --> 00:38:38,400
Speaker 3: they were saying, well, you know, that's pristine area up there.

684
00:38:38,440 --> 00:38:40,759
Speaker 3: We can't go in there. That's that's going to ruin

685
00:38:40,800 --> 00:38:43,279
Speaker 3: the environment. We're gonna you know, the environment will be

686
00:38:43,320 --> 00:38:47,320
Speaker 3: destroyed forever. Even though if you look at the map

687
00:38:47,440 --> 00:38:51,279
Speaker 3: of at Alaska it amounted to well, give you put

688
00:38:51,320 --> 00:38:52,200
Speaker 3: it in an example.

689
00:38:52,440 --> 00:38:54,279
Speaker 2: If you look at a football field.

690
00:38:55,000 --> 00:38:58,920
Speaker 3: And you say, okay, here is the map of Alaska,

691
00:38:59,320 --> 00:39:03,200
Speaker 3: the whole hundred yards and everything. The area that they

692
00:39:03,239 --> 00:39:08,520
Speaker 3: were looking to drill in was basically less than what

693
00:39:08,760 --> 00:39:12,880
Speaker 3: the end zone would be and the actual drilling because

694
00:39:13,000 --> 00:39:17,040
Speaker 3: they were getting better at technology and it's even better today.

695
00:39:17,640 --> 00:39:21,600
Speaker 3: But basically, if you look at where the kicking tea

696
00:39:21,760 --> 00:39:25,120
Speaker 3: would be on a kickoff, that would be the area

697
00:39:25,360 --> 00:39:29,040
Speaker 3: of the Alaska that would be used for drilling purposes.

698
00:39:29,520 --> 00:39:32,120
Speaker 3: So you look at the entire football field and then

699
00:39:32,160 --> 00:39:34,560
Speaker 3: you see that little area where the kicking tea would be,

700
00:39:34,800 --> 00:39:37,080
Speaker 3: that would be where the drilling was. And at the

701
00:39:37,120 --> 00:39:39,359
Speaker 3: time they were saying that, oh well, even if they

702
00:39:39,440 --> 00:39:43,359
Speaker 3: started today, it would take three years before that would

703
00:39:43,360 --> 00:39:46,880
Speaker 3: come online. Three years later, when that topic came up,

704
00:39:46,920 --> 00:39:49,399
Speaker 3: they said, well, you know, if you start drilling, it'll

705
00:39:49,440 --> 00:39:52,400
Speaker 3: be three years. Well, you know, if you would have

706
00:39:52,400 --> 00:39:54,560
Speaker 3: started three years, we'd have been there by now, and

707
00:39:54,600 --> 00:39:57,560
Speaker 3: we would we're still waiting for that to be up

708
00:39:57,600 --> 00:40:00,239
Speaker 3: and running the way it should be So with these

709
00:40:00,320 --> 00:40:04,360
Speaker 3: knuckleheads talking about Venezuela, it's going to be three years

710
00:40:04,400 --> 00:40:08,800
Speaker 3: before this is back up and running. Well, not so fast.

711
00:40:08,800 --> 00:40:13,000
Speaker 3: There are folks I mentioned yesterday that with Donald Trump

712
00:40:13,320 --> 00:40:17,640
Speaker 3: working with these oil companies and the oil companies champion

713
00:40:17,719 --> 00:40:21,200
Speaker 3: at the bit to get there, that when you have

714
00:40:21,400 --> 00:40:24,840
Speaker 3: the willpower, when you have the incentive, and when you

715
00:40:25,000 --> 00:40:28,560
Speaker 3: have well the willpower basically is what it boils down to,

716
00:40:29,000 --> 00:40:32,759
Speaker 3: you can get it done. There are estimates now that

717
00:40:32,840 --> 00:40:35,800
Speaker 3: within a short period of time some of those things

718
00:40:35,800 --> 00:40:39,120
Speaker 3: will come up, and there is new prediction or coming

719
00:40:39,160 --> 00:40:42,080
Speaker 3: out from the White House that this could be up

720
00:40:42,160 --> 00:40:47,760
Speaker 3: and running in a major way within eighteen months again,

721
00:40:48,400 --> 00:40:49,240
Speaker 3: not three.

722
00:40:49,080 --> 00:40:51,879
Speaker 2: Years, not four years, not five years.

723
00:40:51,960 --> 00:40:56,280
Speaker 3: Why some of these people are explaining knowing what you're doing,

724
00:40:56,920 --> 00:41:00,719
Speaker 3: turning it over to the experts, making sure and get

725
00:41:00,960 --> 00:41:04,560
Speaker 3: you know, you see in some of these counties and

726
00:41:04,680 --> 00:41:07,280
Speaker 3: states and whatever, when they're trying to build a freeway

727
00:41:07,360 --> 00:41:11,279
Speaker 3: and stuff, you see the orange barrels forever. A lot

728
00:41:11,280 --> 00:41:15,120
Speaker 3: of times these states are not smart enough to go

729
00:41:15,239 --> 00:41:18,800
Speaker 3: in and talk to these contractors and say, okay, here's

730
00:41:18,840 --> 00:41:22,239
Speaker 3: the specs, here's the thing, we want this done in

731
00:41:22,280 --> 00:41:25,799
Speaker 3: a X X period of time, and instead of it

732
00:41:25,920 --> 00:41:29,560
Speaker 3: dragging out, if you get it done earlier, here is

733
00:41:29,600 --> 00:41:33,359
Speaker 3: a bonus for you. And surprise, surprise, when there's a

734
00:41:33,400 --> 00:41:36,520
Speaker 3: bonus on the line, a.

735
00:41:36,560 --> 00:41:39,200
Speaker 2: Two year project winds up taking a year.

736
00:41:39,800 --> 00:41:43,040
Speaker 3: And so with this in mind, going down there to

737
00:41:43,120 --> 00:41:47,319
Speaker 3: Venezuela and going in there with the blessing of the

738
00:41:47,360 --> 00:41:51,680
Speaker 3: government down there, and with the oil companies from the

739
00:41:51,800 --> 00:41:54,600
Speaker 3: United States, because again when you get right down to it,

740
00:41:54,800 --> 00:41:59,520
Speaker 3: in terms of as far as drilling for oil, American

741
00:41:59,560 --> 00:42:04,720
Speaker 3: company nobody drills for oil, as I've said before, cheaper, cleaner,

742
00:42:05,160 --> 00:42:08,280
Speaker 3: or safer than the US. So you send those people

743
00:42:08,320 --> 00:42:11,160
Speaker 3: down there with their no how and get those things

744
00:42:11,239 --> 00:42:14,400
Speaker 3: up and running, and that again changes the oil market

745
00:42:14,600 --> 00:42:17,800
Speaker 3: they're talking about as far as how that would happen.

746
00:42:18,040 --> 00:42:22,320
Speaker 3: Venezuela pump more than three million barrels prior to Hugo Chavez,

747
00:42:22,640 --> 00:42:27,440
Speaker 3: that could change dramatically. Talking about oil prices, we have

748
00:42:27,520 --> 00:42:31,560
Speaker 3: talked about that earlier. Oil extended declines on Wednesday as

749
00:42:31,600 --> 00:42:35,520
Speaker 3: investors digested statements from President Donald Trump the US had

750
00:42:35,560 --> 00:42:39,200
Speaker 3: reached a deal to import up to two billion dollars

751
00:42:39,200 --> 00:42:41,839
Speaker 3: worth of Venezuela and oil, a move that could lift

752
00:42:41,880 --> 00:42:46,320
Speaker 3: supplies to the world's largest oil consumers. Both benchmarks slipped

753
00:42:46,320 --> 00:42:49,000
Speaker 3: more than a dollar during the previous trading session, with

754
00:42:49,120 --> 00:42:53,560
Speaker 3: a market participants expecting ample global supply this year. The

755
00:42:53,600 --> 00:42:58,239
Speaker 3: deal between Washington and Caracas could initially require cargoes that

756
00:42:58,280 --> 00:43:00,920
Speaker 3: were bound for time, because there's a lot of oil

757
00:43:00,960 --> 00:43:03,040
Speaker 3: that had been pumped out of the ground there in

758
00:43:03,160 --> 00:43:08,120
Speaker 3: Venezuela that is sitting in storage tanks and on tankers

759
00:43:08,400 --> 00:43:12,160
Speaker 3: that have been unable to move that out of that country.

760
00:43:12,440 --> 00:43:15,640
Speaker 3: So there's a build up of supplies they're ready to

761
00:43:15,680 --> 00:43:21,080
Speaker 3: be put on the market. Venezuela has millions of barrels

762
00:43:21,080 --> 00:43:24,120
Speaker 3: of oil on tankers in storage tanks that has been

763
00:43:24,200 --> 00:43:27,319
Speaker 3: unable to ship since mid December due to a blockade

764
00:43:27,360 --> 00:43:30,680
Speaker 3: on exports imposed by Trump. The blockade was part of

765
00:43:30,719 --> 00:43:35,200
Speaker 3: the US pressure campaign against Venezuela President Nicholas Maduro's government

766
00:43:35,440 --> 00:43:38,400
Speaker 3: that culminated the US forces capturing him over the weekend,

767
00:43:39,080 --> 00:43:43,120
Speaker 3: and of course this oil being sanctioned again. These sanctions

768
00:43:43,200 --> 00:43:47,319
Speaker 3: began back during the Biden administration because trying to keep

769
00:43:47,360 --> 00:43:53,400
Speaker 3: the oil flow to Russia, trying to hold back on

770
00:43:53,520 --> 00:43:56,799
Speaker 3: their millions and billions of dollars that they make from

771
00:43:56,840 --> 00:44:01,040
Speaker 3: their oil trade, cutting that pipeline off for them, which

772
00:44:01,080 --> 00:44:03,880
Speaker 3: cuts off the spickett of money that they can fund

773
00:44:03,880 --> 00:44:07,120
Speaker 3: their war machine, trying to bring that conflict to an end.

774
00:44:07,400 --> 00:44:11,799
Speaker 3: Top Venezuela officials have called Maduro's capture a kidnapping and

775
00:44:11,840 --> 00:44:14,720
Speaker 3: accused the US of trying to steal the country's vast

776
00:44:14,760 --> 00:44:18,080
Speaker 3: oil reserves. Of course, nothing is further from the truth.

777
00:44:18,320 --> 00:44:21,880
Speaker 3: Venezuela will be turning over between thirty and fifty million

778
00:44:21,880 --> 00:44:26,840
Speaker 3: barrels of sanctioned oil to the US. Let's see, adding

779
00:44:26,880 --> 00:44:30,360
Speaker 3: to geopolitical risk. US is attempting to seize a Venezuela

780
00:44:30,360 --> 00:44:33,799
Speaker 3: and linked oil tanker after it was more than two

781
00:44:33,800 --> 00:44:37,319
Speaker 3: week long pursuit across the Atlantic. Some of the other

782
00:44:37,360 --> 00:44:41,480
Speaker 3: things going on, the oil prices have been affected by now,

783
00:44:41,600 --> 00:44:45,080
Speaker 3: get this providing support to prices.

784
00:44:45,360 --> 00:44:47,440
Speaker 2: US creud stocks drop by.

785
00:44:47,400 --> 00:44:50,600
Speaker 3: In course, you know, when you on a weekly basis,

786
00:44:50,719 --> 00:44:53,200
Speaker 3: they will look at how much oil is in the pipeline,

787
00:44:53,239 --> 00:44:55,840
Speaker 3: how much oil is in storage, and what is available

788
00:44:55,880 --> 00:44:58,479
Speaker 3: as far as reserves are concerned, and then of course

789
00:44:58,520 --> 00:45:02,440
Speaker 3: gasoline stockpiles and that type of thing. Get this providing

790
00:45:02,600 --> 00:45:06,200
Speaker 3: some support to prices. US crew stocks dropped by three

791
00:45:06,239 --> 00:45:11,080
Speaker 3: point eight million barrels four hundred to the number. Energy

792
00:45:11,120 --> 00:45:15,600
Speaker 3: Information Administration had expected an estimate of a rise of

793
00:45:15,640 --> 00:45:20,040
Speaker 3: four hundred and forty seven thousand barrels. So the barrels

794
00:45:20,320 --> 00:45:23,879
Speaker 3: the amount of storage dropped by three point eight They

795
00:45:23,920 --> 00:45:26,759
Speaker 3: had predicted a rise of four hundred and forty eight

796
00:45:26,840 --> 00:45:29,719
Speaker 3: They only missed four hundred and forty seven thousand barrels.

797
00:45:29,760 --> 00:45:33,440
Speaker 3: They only missed that estimate by eight hundred and fifty percent.

798
00:45:34,920 --> 00:45:38,920
Speaker 3: Gasoline stockpiles increased by seven point seven million barrels in

799
00:45:38,960 --> 00:45:44,680
Speaker 3: the week. They had expected three point two million barrels build.

800
00:45:44,960 --> 00:45:47,120
Speaker 3: They only missed that by one hundred and forty one percent.

801
00:45:47,520 --> 00:45:51,279
Speaker 3: Dissolate stockpiles, which include diesel and heating oil, climbed by

802
00:45:51,280 --> 00:45:54,080
Speaker 3: five point six million barrels.

803
00:45:53,800 --> 00:45:56,440
Speaker 2: A week previous. They had expected a two.

804
00:45:56,239 --> 00:45:59,120
Speaker 3: Point one so they missed that one by one hundred

805
00:45:59,160 --> 00:46:02,960
Speaker 3: and sixty seven per So again't so much for the

806
00:46:03,120 --> 00:46:05,520
Speaker 3: so called experts. Well, folks, we're up against clock. Here,

807
00:46:05,800 --> 00:46:08,319
Speaker 3: time to us to step out the door. I'm Kevin Gordon,

808
00:46:08,400 --> 00:46:12,239
Speaker 3: America's Trucking Network seven hundred. Stay tuned for ATI Radio.

809
00:46:12,280 --> 00:46:14,919
Speaker 3: By the way, I'm Kevin Gordon. America's trucking network seven

810
00:46:15,040 --> 00:46:16,360
Speaker 3: hundred WLW