Speaker 1: This is America's Trucking Network with Kevin Gordon.
Speaker 2: Welcome more.
Speaker 3: Thanks for tuning in on this Tuesday morning. Well, we
Speaker 3: got the initial jobless claims last week. Now the Bureau
Speaker 3: of Labor Statistics has been shut down due to the
Speaker 3: government's shutdown, the Schumer shutdown, and yet Goldman Sachs and
Speaker 3: JP Morgan were able to extract the same information that
Speaker 3: the Bureau of Labor Statistics looks at because this is
Speaker 3: all posted on the website, and they were able to
Speaker 3: extract this information, which then leads me, as I've been
Speaker 3: mentioning over the last couple of weeks, is why are
Speaker 3: we dependent on these government agencies to do that and
Speaker 3: put these numbers together when it's readily available and the
Speaker 3: people that use that information wait on the Bureau of
Speaker 3: Labor Statistics or a government agency to collect that data
Speaker 3: for them, when if they're in that business, they're probably
Speaker 3: collecting that information anyway as a heads up to their clients.
Speaker 3: So isn't this a bit of a redundancy And wouldn't
Speaker 3: it be more wouldn't it be more? It would be
Speaker 3: more independent if you've got two different competing firms that
Speaker 3: are out there getting that statistics and then presenting it.
Speaker 3: One wouldn't be able to favor it in one direction
Speaker 3: or another, or fudge the numbers in order to boost
Speaker 3: their sales or encourage more clients to invest in stocks,
Speaker 3: because that would come back and bite them in the
Speaker 3: butt later on. Anyway, But think of the amount of people,
Speaker 3: the number of people involved Bureau of Labor Statistics, that
Speaker 3: are doing what the private sector can do. Going back
Speaker 3: to Abraham Lincoln, he talked about that we hire the
Speaker 3: government to do for us collectively what we can't do individually.
Speaker 3: In other words, I can't afford to have a security
Speaker 3: officer outside of my house every day. Our neighborhood can't
Speaker 3: afford that. So what we do, as far as taxpayers
Speaker 3: are concerned our city, we hire police department. I can't
Speaker 3: hire firemen to stand out there also, so we hire
Speaker 3: fire departments, we hire road departments, all these things that
Speaker 3: we individually can't do. And so when the government, like
Speaker 3: the Bureau of Labor Statistics and some of these reporting
Speaker 3: agencies go into something that can be done in the
Speaker 3: private sector, why are we letting that happen and why
Speaker 3: are we building breau this bureaucratic nightmare in terms of
Speaker 3: all these individuals. So again that's just my two cents
Speaker 3: worth that maybe that's one of the areas that can
Speaker 3: be cut if this information is available. And what it
Speaker 3: is is that it talks about in here. Now, now
Speaker 3: let's we get into it. But basically, the states report
Speaker 3: their numbers to the federal government on a weekly basis,
Speaker 3: and sometimes that information is delayed, and that's why you
Speaker 3: have seasonally adjusted or adjusted later on. Number of Americans
Speaker 3: filing for applications for jobless benefits fell last week, economists
Speaker 3: at JP Morgan and Goldman Sachs estimated on Thursday, but
Speaker 3: lackluster hiring has left many on unemployment roles. Initial claims
Speaker 3: for state unemployment benefits dropped dropped to a seasonally adjusted
Speaker 3: two hundred and seventeen thousand for the week ending October
Speaker 3: eleventh from two hundred and thirty five thousand the previous week. Now,
Speaker 3: sky was following a couple of weeks ago with the
Speaker 3: jobless claims approaching two hundred and fifty thousand. We found
Speaker 3: out that that was somewhat not somewhat, but inflated by
Speaker 3: about thirteen thousand thereabouts because of some fraudulent claims that
Speaker 3: were made in Texas, and this was a group of
Speaker 3: people or a group an organization trying to do fraudulent claims. Now,
Speaker 3: the stories you heard that here on America's struck A network,
Speaker 3: but you didn't hear that in the Spoon feder regurgitators
Speaker 3: in the mainstream media. They just said, oh, it was
Speaker 3: adjusted from the prior week. But again, we correct the
Speaker 3: information here and give you the straight information without all
Speaker 3: the fluff, without all the because again, if it bleeds,
Speaker 3: it leads as far as the Spoon federalgurgitators in the
Speaker 3: mainstream media. But that information is out there and that's
Speaker 3: in people's mind, and what I want to do is
Speaker 3: correct that if it's wrong. So again, when we look
Speaker 3: at these numbers, down down to two hundred and seventeen
Speaker 3: thousand from two hundred and thirty five thousand the prior week,
Speaker 3: US government shutdown now in its third week, due to
Speaker 3: political standoff between Republicans and Democrats, basically by Democrats. Now,
Speaker 3: let's let me throw this out there. There was a
Speaker 3: continuing resolution, a clean continuing resolution, no additions from the Democrats,
Speaker 3: no additions from the Republicans.
Speaker 4: It was okay, what we're going to do is vote.
Speaker 3: To keep the government open at the same rate, at
Speaker 3: the same budget, at the same everything as before. None
Speaker 3: of our stuff that we won as Republicans or Conservatives
Speaker 3: are added on this or tacked onto this. Nothing from
Speaker 3: the Democrats. It's just a what they call a clean bill,
Speaker 3: clean resolution. And yet the Democrats have voted against that
Speaker 3: what eleven times now and refuse to open the government
Speaker 3: because they want to add a one point five trillion
Speaker 3: dollars in subsidies and government assistance to illegal aliens.
Speaker 4: That's the bottom line there.
Speaker 3: So a clean continuing resolution has been voted down eleven
Speaker 3: times by the Democrats. So because they're not getting their way,
Speaker 3: because they're not getting the additions that they want, they're
Speaker 3: going to shut the government down as opposed to just
Speaker 3: leaving things as they are to continue on and on.
Speaker 3: Now again, go back and listen to what they said
Speaker 3: a couple of years ago, or even six months ago.
Speaker 3: I think it was in March that they said, to
Speaker 3: shut the government down is ridiculous. So each side needs
Speaker 3: to pull out all the freebies that are holding this up.
Speaker 3: And we just have this clean bill, and everybody was
Speaker 3: on board with that, and all the Democrats or the
Speaker 3: Democrats voted for now all of a sudden six months
Speaker 3: later when Donald Trump's in the White House.
Speaker 4: Hm, we don't get that interesting.
Speaker 3: States, however, continue to collect the claims data and submit
Speaker 3: it to the Labor Department's database, which remains accessible, so
Speaker 3: that information is added in there. Economists have been using
Speaker 3: the unadjusted claims data to make estimates using season adjustment
Speaker 3: factors that the government published earlier this year. Claims data
Speaker 3: was unavailable for Arizona, Massachusetts, Nevada, and Tennessee. Now question here,
Speaker 3: if this information is so relevant and so important to
Speaker 3: the decision making as far as the federal reserve on
Speaker 3: interest rates, as far as how the job market is doing,
Speaker 3: if businesses are relying on this information as to what
Speaker 3: the unemployment rate is and just a gauge of how
Speaker 3: well the economy is doing. Because if they're out there
Speaker 3: selling stuff and there's large unemployment, then they can expect
Speaker 3: that their business is going to take a downturn because
Speaker 3: people are out of work they don't have money to
Speaker 3: pay for it. So with that in mind, why are
Speaker 3: these states late Arizona, Massachusetts, Nevada, and Tennessee. According to this,
Speaker 3: our estimates assumed the initial claims for Tennessee, Massachusetts, and Arizona, Nevada,
Speaker 3: which didn't appear in today's DOL data. We're in line
Speaker 3: with the latest published numbers, according to Goldman. Sachs said
Speaker 3: in a note, the range between two hundred and eleven
Speaker 3: thousand and two hundred and twenty five thousand, using the
Speaker 3: lowest and highest levels for claims in these states during
Speaker 3: the year. Now, again, if this is important, why aren't
Speaker 3: the states getting this in on time and timely information
Speaker 3: to get this to the necessary people so that they
Speaker 3: can make intelligent decisions. Again, this is one of those
Speaker 3: things that I talk about that if there's no if
Speaker 3: there's no time frame on this, if there's no penalty
Speaker 3: for not doing this, and you know, hey, you know
Speaker 3: I don't get to it today. You know, Hey, I
Speaker 3: get off work at four o'clock and it's you know,
Speaker 3: it's two o'clock.
Speaker 4: Now, I really don't want to start.
Speaker 3: Anything new because you know, then I'll have to maybe
Speaker 3: I'll have to work five minutes over time, and you
Speaker 3: know I can't do that as a state.
Speaker 4: Office worker or whatever. It's nuts.
Speaker 3: Abbiel Reinhardt and economists at JP Morgan. The latest job
Speaker 3: was claims look quite decent and suggests layoffs remin low.
Speaker 4: With movement in the and with no movement in the
Speaker 4: unemployment rate.
Speaker 3: Claims data have become key for Federal Reserve officials trying
Speaker 3: to assess the health of the labor market ahead of
Speaker 3: the October twenty eighth twenty ninth policy meeting. Now they
Speaker 3: get in here into some of the government or some
Speaker 3: hiring and how some of these numbers are kind of
Speaker 3: turned around or analyzed and so on.
Speaker 4: We'll pick this up coming up.
Speaker 3: I'm Kevin Gordon, America's Trucking Network, seven hundred WLW.
Speaker 4: I need this is.
Speaker 1: The breathing reward on America's Druging Network on seven hundred WLW.
Speaker 5: Chase Briscoe advanced to the Championship four the NASCAR Cup
Speaker 5: Series with that thrilling last lap win at Talladega Sunday.
Speaker 5: So far in the Championship four headed to Phoenix is
Speaker 5: the season wins leader in Denny Hamlin, the season top
Speaker 5: five leader in brisco Two drivers holding the final two
Speaker 5: spots are now the season lapse leader Kyle Larson, and
Speaker 5: the season's top ten average finish leader in Chris for Bell.
Speaker 5: Speaking of the playoffs, reports are NASCAR is close to
Speaker 5: finalizing a playoff format that would feature the old ten
Speaker 5: race chase beginning in twenty twenty six. An official announcement
Speaker 5: after the championship at weekend in Phoenix, Max Verstappen dominated
Speaker 5: and won the Formula one United States Grand Prix for
Speaker 5: his fifth victory of the season Sunday. For Stappan is
Speaker 5: now within forty points of leader Oscar Piastre, which has
Speaker 5: four racers remaining in the F one season. For Stappan
Speaker 5: has made up sixty four points in the last four events.
Speaker 6: Yeah, we are having some really good weekends, and of
Speaker 6: course we also know that we need to be perfect
Speaker 6: till the end of the season to.
Speaker 4: Have a chance.
Speaker 6: But we will try, you know, and if we succeed
Speaker 6: of goes amazing. If we don't, we tried everything we
Speaker 6: could till the end and we kept it exciting and
Speaker 6: that's I think the spirit for us.
Speaker 5: The United States Grand Prix in Austin, Texas will remain
Speaker 5: on the F one calendar until the twenty thirty four season.
Speaker 1: I Love This is the racing report on America's Drugging
Speaker 1: Network on seven High WLW Say Dennis at atn.
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Speaker 4: We're with all.
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Speaker 4: I'm Kevin Gordon.
Speaker 3: America struck a network seven hundred WLW. I'm talking about
Speaker 3: US weekly Jobless Claims data, and it declined. It went
Speaker 3: from two hundred and thirty five thousand in the prior
Speaker 3: week down to two hundred and seventeen thousand, So fewer
Speaker 3: people are being laid off on a weekly basis, which
Speaker 3: is in line now just since the beginning of the year,
Speaker 3: over the last several about two three years now, the range,
Speaker 3: and unemployment has gone from two hundred thousand to up
Speaker 3: to two hundred and fifty thousand, So at two hundred
Speaker 3: and seventeen thousand, we're at the lower end of that
Speaker 3: particular spectrum, which is good. Now, one of the paragraphs
Speaker 3: in here, both layoffs and hiring remained slow or remain
Speaker 3: low rather, which is the same thing we've been hearing
Speaker 3: now for several weeks and even months. FED Chairman Lion
Speaker 3: Jerry Powell. That's not part of the article. That's my
Speaker 3: little editorial there. But anyway, FED Chairman Lyon Jerry Powell
Speaker 3: said this week, available evidence suggests that both layoffs and
Speaker 3: hiring remain low, captain obvious, and that both households perceptions
Speaker 3: of job availability and firms perceptions of hiring difficulty continue
Speaker 3: their downward trajectories. Catch the keyword in their perceptions. That's
Speaker 3: what people are assuming that the job market is slow. Now,
Speaker 3: why is it slow? What could possibly handle? What could
Speaker 3: possibly cause their perceptions? Could it be that down? Talking
Speaker 3: of the economy since January? I mean, this is some
Speaker 3: of the crap that we have heard from the spoon
Speaker 3: fed regurgitators in the mainstream media over the last ten
Speaker 3: and a half months, ten months thereabouts, well, actually yesterday
Speaker 3: being the twentieth of October, and the inauguration in January
Speaker 3: the tw so we're into the nine excuse me, the
Speaker 3: ninth month of the second Trump term. So from day one,
Speaker 3: there's been this negative talk as far as the economy
Speaker 3: is concerned, and in my opinion, trying to manufacture a
Speaker 3: recession because when the talk was about terrorists.
Speaker 4: Remember you may remember at the beginning of the year when.
Speaker 3: They were talking about tariffs, that oh, this is this
Speaker 3: is going to spiral out of control. We're going to
Speaker 3: go into a recession, we are going to have rampant
Speaker 3: out of control inflation, and on and on and on,
Speaker 3: none of which has happened, and everybody is admitting that
Speaker 3: it hasn't happened, and we're seeing a little bit of
Speaker 3: trickle But when you get into the nuts and bolts
Speaker 3: of what's causing some of the inflation, it has to
Speaker 3: do with salary and wage increases from union contracts and
Speaker 3: other contracts that have been established over the last well
Speaker 3: two and a half years, and yet nobody digs into
Speaker 3: that information and talks about it other than here on
Speaker 3: America's struck a network. So when you start seeing this
Speaker 3: inflation going in, where is the inflation coming from.
Speaker 4: A couple of weeks.
Speaker 3: Ago, Lion Jerry Powell talked about the service sector. Well,
Speaker 3: the service sector isn't vulnerable to tariffs. The service sector
Speaker 3: is vulnerable to wages. It is why it's called the
Speaker 3: service sector. And so if the wages go up in
Speaker 3: the service sector, then that's going that's going to cause
Speaker 3: the inflation in that sector. And digging into those numbers,
Speaker 3: what we saw was that the number the numbers were
Speaker 3: high as far as the fees charged by stockbrokers because
Speaker 3: more people are going into the market because the market
Speaker 3: is not just the highest for the week, the highest
Speaker 3: for the month, the highest for the year, it is
Speaker 3: the highest of all time historically. So people are jumping in,
Speaker 3: more people are jumping in. The fees aren't going up,
Speaker 3: it's the volume of people in there that are going up,
Speaker 3: and therefore those prices are going up. And when you
Speaker 3: look at the number of management fees this year versus
Speaker 3: last year, they are up exponentially. But the reason for
Speaker 3: that is because of the good economy, the stock market
Speaker 3: going to record highs and people jumping in and saying Hey,
Speaker 3: I want to get on this bandwagon. So lion Jerry
Speaker 3: powisit here talking about the perceptions of households. Well, you're
Speaker 3: the Fed. You can analyze the information you got twenty
Speaker 3: three thousand employees. I'm sure there's some economists, accountants, and
Speaker 3: some people in there that can read a balance sheet.
Speaker 3: Maybe they can explain some of this stuff to you.
Speaker 3: Unemployment claims have remained within the pre government shutdown range.
Speaker 3: They have not shown large spikes to bite the shutdown
Speaker 3: pushing thousands of federal contractors out of work. The reason
Speaker 3: for that which they just throw that in there. Federal workers,
Speaker 3: hundreds of thousands of whom have been furloughed, file for
Speaker 3: claims under a separate program.
Speaker 4: So federal workers have a separate.
Speaker 3: Program, just like our legislators have a separate program for
Speaker 3: their healthcare. They're not part of Obamacare. They have their
Speaker 3: own hybrid and a very nice, comfortable health care plan.
Speaker 3: So if Obamacare was so great, why aren't they on?
Speaker 4: That makes you wonder huh oh? And by the way, all.
Speaker 3: Some of these freebies and stuff that go on the
Speaker 3: rules and things that apply to us don't apply to them.
Speaker 4: Isn't that amazing.
Speaker 3: Oh, by the way, they are considered essential employees even
Speaker 3: though they're not there, and I would question as to
Speaker 3: whether or not they're considered an essential employee. They're still
Speaker 3: getting a paycheck, So they're getting a paycheck, and they
Speaker 3: voted them. They voted that the government shut down, so
Speaker 3: why are they getting paid. See that's some of these
Speaker 3: things that just really honked me off. Federal workers hunters,
Speaker 3: of which they are under a separate program, The labor
Speaker 3: market remains stuck in a no hire, no fire estate,
Speaker 3: economists say. According to Central Banks Beige Book now that
Speaker 3: came out last week. May recall we've talked about the
Speaker 3: Beige Book. This is a periodic snapshot, if you will,
Speaker 3: of the economy that is published about eight times about
Speaker 3: every what do they say everything they say in here
Speaker 3: somewhere that it's published. Well, we'll get to it. But
Speaker 3: it's published about eight times a year, and that's right
Speaker 3: before one of the Federal Reserve meetings. We've got a
Speaker 3: meeting coming up the end of this month of the
Speaker 3: twenty eighth through the twenty ninth, I believe. And so
Speaker 3: this Beige Book, which is an economic snapshot of all
Speaker 3: the different twelve districts talks about, well, this is what's
Speaker 3: going on in our neck of the woods, here's what's
Speaker 3: going on in this district, here's what's going on as
Speaker 3: far as manufacturing, retail and all this, which, again, the
Speaker 3: Federal Reserve collects this data and they've got this information
Speaker 3: available for them to make their policy decisions during their
Speaker 3: monthly their meetings when they meet to determine interest rate.
Speaker 3: So if they are capable of accumulating this information and
Speaker 3: putting it out there and assessing the economy, why is
Speaker 3: the Bureau of Labor, Statistics, Commerce Department all this sort
Speaker 3: of stuff doing this redundancy as well? Again, shouldn't this
Speaker 3: be formed out And oh, if the Federal Reserve is
Speaker 3: supposed to be this independent organization, well then wouldn't you
Speaker 3: think that information coming out of them would be unbiased.
Speaker 3: Apparently somebody doesn't think so, because these other government agencies
Speaker 3: are still accumulating that data. Maybe it's a checks in
Speaker 3: balance type of situation, making sure that one agency is
Speaker 3: a watchdog in the other.
Speaker 4: I don't know.
Speaker 3: Bank of Americans survey on Thursday found signs of a
Speaker 3: slow down in the small business labor market. Its alternative
Speaker 3: hiring indicator based on Bank of America's small business payment
Speaker 3: data decrease in September. It also noted business applications with
Speaker 3: planned wages, viewed as a signal of job creation, have
Speaker 3: dropped below pre pandemic norms, now pre pandemic norms. If
Speaker 3: you go back to the beginning, right before the pandemic,
Speaker 3: the economy was on a roll. We were chugging out
Speaker 3: four point one four point five percent GDP.
Speaker 4: The lower the.
Speaker 3: Unemployment rate was low round four point one four percent thereabouts,
Speaker 3: lowest unemployment rate or low lowest unemployment rate among Blacks, Hispanics, teenagers.
Speaker 3: Everything across the board was humming along at historic highs.
Speaker 3: So if this is below pre pandemic levels, well, pre
Speaker 3: pandemic levels pretty darn high. The number of people receiving
Speaker 3: unemployment benefits after the initial week aid proxy for hiring
Speaker 3: was unchanged. He seasonally adjusted one million to a nine
Speaker 3: hundred and twenty seven thousand, So again low hiring, low firing,
Speaker 3: and the job market is steady and firm at not
Speaker 3: major layoffs, not major increases, so all in all, not
Speaker 3: too bad. Coming up, We've got some information on some
Speaker 3: elds that have been removed from the FMCSA's registered devices list.
Speaker 3: I'm Kevin Gordon, America's Trucking Network seven hundred WLW.
Speaker 2: News Traffic and Weather. News Radio seven hundred WLW Cincinnati.
Speaker 11: More learned about Saturday's disturbance in northern Kentucky. What the
Speaker 11: twelve thirty reports, I'm lee mowing drinking now. It was
Speaker 11: the first core appearance since the Saturday shooting near Newport
Speaker 11: on the levee as Jamal Fields and DeVonta Pettis our
Speaker 11: charge for possessing a stolen handgun, receiving stolen property, and
Speaker 11: fleeing from police. Newport police responded to a single gunshot
Speaker 11: fired off East third Street that afternoon. Prosecutors displayed new evidence,
Speaker 11: claiming Fields and Petus we're stalking two people from Cincinnati.
Speaker 11: Both ben plaid not guilty and had bond set at
Speaker 11: five hundred thousand dollars. Petis and Fields will return to
Speaker 11: court next Thursday.
Speaker 2: Now the latest forecast from the Train Heating and Cooling
Speaker 2: Weather Center on News Radio seven hundred wl W heading to.
Speaker 12: Our daybreak Tuesday, A chance of a showered through the
Speaker 12: morning rush, otherwise clouds is seven am ten fifty our Tuesday.
Speaker 12: Then after the chance we'll see sunshine. Seasonal weather a
Speaker 12: high as sixty five at night, mostly clear, and we
Speaker 12: dropped to forty four from your severe weather station. I'm
Speaker 12: nine first warning cheap meteorologist Steve Rawley News Radio seven
Speaker 12: hundred WLW.
Speaker 11: Clear skys in fifty two degrees. A traffic alert for you.
Speaker 11: The Crows ninet two seventy five eastbound at Mastella Road. Well,
Speaker 11: you can get by on the far left lane. They
Speaker 11: have blocked the three right lanes at Masteller due to
Speaker 11: that crash. Prince Andrew gave up his royal titles, but
Speaker 11: the heat is on over his friendship with Jeffrey Epstein.
Speaker 13: Scotland Yard is now investigating a report that Andrew asked
Speaker 13: his police bodyguard to dig up information on his accused
Speaker 13: of Virginia Giuffrey in twenty eleven. In an email published
Speaker 13: by the Mail on Sunday, the Prince reportedly writing to
Speaker 13: a palace aid I have given her date of birth
Speaker 13: and social Security number for investigation. Geffrey long claimed Epstein
Speaker 13: trafficked her to have sex with Prince Andrew when she
Speaker 13: was seventeen, an allegation he's always denied.
Speaker 11: ABC's LABA Hassan from London, Virginia. Giffrey's memoir is said
Speaker 11: to be released later today. She died suddenly back in April.
Speaker 11: Our next update is that one.
Speaker 4: I'm Lee Mawen.
Speaker 11: Who's Radio seven hundred WLW, the free iHeartRadio.
Speaker 14: App Live Radio twenty four to seven news, sports and
Speaker 14: your favorite podcasts of pure connection to what moves you.
Speaker 14: The best part, it's all free to join the millions
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Speaker 16: Hi, I'm Connie Britton, and I want to share with
Speaker 16: you the experience of Donna in Washington. She writes, I
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Speaker 16: sixty eight now. No one wants to hire someone that old.
Speaker 16: This week is tough, though, because I had to get
Speaker 16: my tooth fixed, so I only have ten dollars in
Speaker 16: my checking account. But it will be okay. I at
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Speaker 16: face hunger, some every day, just like Donna. The Feeding
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Speaker 4: Johnny Knoxville here.
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Speaker 18: Now here's for trucking forecast for the Try State and
Speaker 18: the rest of the country. And the Try State, overnightclouds
Speaker 18: will increase the low down two fifty sunny sky's Tuesday
Speaker 18: a high of sixty seven, mostly sunny. Wednesday high of
Speaker 18: fifty nine sunshine Thursday, behind year sixty Friday, mostly sunny,
Speaker 18: a high sixty one. Nationally like effect. Thunderstorms are possible
Speaker 18: near Lake Erie Tuesday and Wednesday, while mild temperatures will
Speaker 18: be seen across these southern plaints Tuesday, as temperatures get
Speaker 18: into the eighties and nineties.
Speaker 3: Seven hundred WLW. I'm Kevin Gordon. This is America's Trucking Network.
Speaker 3: America's Trucking Network supports the mission of Race Across America.
Speaker 3: You can hear us every truck and Tuesday at five
Speaker 3: am and ten am Eastern on Reese Across America Radio,
Speaker 3: available on the iHeartRadio app.
Speaker 4: Search the word Rese.
Speaker 3: Now that's wr EAS for Reese Across America Radio, and
Speaker 3: thank you to all our truckers for supporting the mission
Speaker 3: of Reese across America. And if you miss any part
Speaker 3: of our program, hit up the iHeartRadio app. Everything we've
Speaker 3: done is right there, and of course that has brought to
Speaker 3: you by our friends at Rush Truck Centers, and we
Speaker 3: certainly appreciate that I mentioned in the previous segment. Five
Speaker 3: more elds, those electronic devices for your truck. Let's see,
Speaker 3: electronic logging devices have been removed from the federal list
Speaker 3: of devices available available for truckers. Federal Motor Carrier Safety
Speaker 3: Administration today announced it has removed five e l ds
Speaker 3: from the list of devices. These devices were placed on
Speaker 3: FMCSA revoked devices list due to the company's failure to
Speaker 3: meet the minimum requirements established and they give the reference,
Speaker 3: the title number and so on, appendix ab all that
Speaker 3: sort of thing. These latest removals elds in recent months.
Speaker 3: One was removed last month, and they go through the
Speaker 3: data when they were removed.
Speaker 4: The latest models. The removals.
Speaker 3: Now I'm just going to mention the model, let me
Speaker 3: see the provider and the name. I'm going to post
Speaker 3: this on Facebook, so you can. You don't have to
Speaker 3: pull off the side of the road and make notes
Speaker 3: of this. You just check out my Facebook by the way,
Speaker 3: cleverly named Kevin Gordon, so you'll be able to find
Speaker 3: the Facebook page there. I'll post this story on there
Speaker 3: and they'll have all the details there. E l D
Speaker 3: provider Art Kill Them, Inc. And the name is Premium
Speaker 3: e l D E l D provider clean Arara Corporation.
Speaker 3: Their name True Logbook. Another provider Explore Tech Inc. And
Speaker 3: their name the name is Explore e l D. Another
Speaker 3: provider CAMMI E l D. That's k A m I
Speaker 3: E l D and their uh the their name. The
Speaker 3: name of their device is CAMMI e l D as well.
Speaker 3: Another provider e v O e l D Inc. And
Speaker 3: their name of their device is e v O e
Speaker 3: l D one.
Speaker 4: Now, major carriers have.
Speaker 3: Up to sixty days to replace the revoked ELD with
Speaker 3: compliance with a complaint one which I'm sorry, let me
Speaker 3: back up here. Motor carriers have up to sixty days
Speaker 3: to replace the revoked ELD with a compliant one looks
Speaker 3: like a complaint the way they rote it here. FMCSA
Speaker 3: will send an industry wide email to inform motor carriers
Speaker 3: now they listen here what you need to do. You
Speaker 3: need to discontinue using the revoked ELD and then revert
Speaker 3: to paper logs or logging software to record required hours
Speaker 3: of service data. Replace the ELD within the complementing the
Speaker 3: complement got compliant ELD with a registered device now prior
Speaker 3: to December sixteenth. The deadline for this is December sixteenth.
Speaker 3: Prior to December sixteenth, safety officials are encouraged by FMCSA
Speaker 3: not to site drive is using the revoked DLD no
Speaker 3: record of duty status which is another violation, or a
Speaker 3: failure to use a registered ELD. Instead, safety officials should
Speaker 3: request the driver's paper logs, logging software or use the
Speaker 3: ld ELD display on a backup method. Then, beginning on
Speaker 3: December the sixteenth, any motor carriers using that they will
Speaker 3: be fined and placed out considered.
Speaker 4: Out of service.
Speaker 3: The LD ELD provider corrects all the identified deficiencies for
Speaker 3: this device, FMCSA will revisit this and then make these
Speaker 3: devices currently compliant. But if they don't, then you can't
Speaker 3: use them anymore. So again, this will be on my
Speaker 3: Facebook page and you can review it there it's you know,
Speaker 3: there's all kinds of details in here, but you get
Speaker 3: the gist of what's going on. And I'm sure you've
Speaker 3: seen well they've gone through this before. There's been several
Speaker 3: times and several devices over the lad last couple of
Speaker 3: years that have been determined non compliant. So anyway, this
Speaker 3: will be on my Facebook page again, Kevin Gordon Facebook page.
Speaker 3: I mentioned earlier in the report on the initial jobless
Speaker 3: claims that there were comments by the Federal Reserve in
Speaker 3: their Beige Book. Now last week this Beige book was
Speaker 3: published and it talked about the economy. Now, what is
Speaker 3: interesting is that you have the data from the Beige
Speaker 3: Book and then you have these comments that are made
Speaker 3: by others in terms of how they see the economy
Speaker 3: and where they are coming from. With Lion Jerry Powell
Speaker 3: saying that he's still concerned about certain things and there's
Speaker 3: certain signs as far as tariff increases, inflation and so on.
Speaker 3: Unfortunately that's not backed up by his own department of
Speaker 3: the Federal Reserve. The different twelve districts put together this
Speaker 3: Beige book that come up with the economic the economic
Speaker 3: status of the of the different districts in the United
Speaker 3: States in one concise book. Now, again getting back to
Speaker 3: the Beige Book. Back in the day, when it was paper,
Speaker 3: uh uh, paper, devinent, when you had paper, they would
Speaker 3: put this in a book a binder and they would
Speaker 3: read from that in terms of the different districts around
Speaker 3: the country, and the cover of the book or the
Speaker 3: binder was beige. So they refer to referred to it
Speaker 3: as the Beige Book. But it's interesting that even though
Speaker 3: this data is out there, that some of the stuff
Speaker 3: coming from the Federal Reserve is not not in compliance
Speaker 3: or in coordination with what their departments are reporting.
Speaker 4: It's kind of weird. Uh, President. Let me see. Here's
Speaker 4: the headline.
Speaker 3: Tariffs are pushing prices higher and consumers are feeling the hit,
Speaker 3: according to the Fed's Beige Book. Now, this is one
Speaker 3: of those situations of where you see the headline and
Speaker 3: then you read the story and you scratch your head
Speaker 3: and say, where'd they come up with that headline? President
Speaker 3: Donald Trump's and tariffs are pushing inflation generally higher as
Speaker 3: companies are caught between absorbing the costs or passing them
Speaker 3: on to customers. According to a Federal Reserve report on Wednesday,
Speaker 3: Central banks periodic Beaige book reports, published eight times a year,
Speaker 3: generally at about six week intervals, categorized overall economic growth
Speaker 3: as having changed little since the last report on September third.
Speaker 3: Labor markets were largely stable as demand was muted.
Speaker 4: For most of the Fed's twelve districts.
Speaker 3: So that would seem to me that everything, well, nothing
Speaker 3: has changed in the last month. Everything is pretty much
Speaker 3: on an even keel. If nobody was hitting the panic
Speaker 3: button a month ago, why are they kind of trying
Speaker 3: to assert maybe a little bit of a wave or
Speaker 3: something going on now as opposed to again, are these
Speaker 3: spoon fed regurgitators? Are some of these people in the
Speaker 3: FED trying to manufacture a recession?
Speaker 4: Do they have a political objective? Again?
Speaker 3: They talk about how Donald Trump is appointing people to
Speaker 3: the Federal Reserve once General Lion Jerry Powell out of there,
Speaker 3: and everybody's saying, well, you know, if he can do that,
Speaker 3: and if he's replacing this person, then the independence of
Speaker 3: the Federal Reserve will be called into question.
Speaker 4: I want to remind you that all.
Speaker 3: The stuff that the Federal Reserve was talking about all
Speaker 3: last year in terms of high inflation rate unemployment, being
Speaker 3: concerned about that inflation was still up. But in September
Speaker 3: of twenty twenty four, a month and a half before
Speaker 3: the general election, they lowered interest rates by a full
Speaker 3: half percentage point, citing they were concerned about the labor market.
Speaker 3: After talking about inflation for the entire year, all of
Speaker 3: a sudden, jobs became the issue. You don't tell me
Speaker 3: that that wasn't political to try to get Kamala Harris elected.
Speaker 3: And when you listen to some of these people that
Speaker 3: have been appointed to the FED, the Federal Reserve Governor,
Speaker 3: the people who are appointed to the FED are appointed
Speaker 3: by the president. So if Joe Biden had appointed some
Speaker 3: of these people on there, you don't think that these
Speaker 3: people are in compliance or have a little bit of
Speaker 3: allegiance to his way of thinking. And so all of
Speaker 3: a sudden they were independent. If a Democrat appoints these people,
Speaker 3: but all of a sudden, if a Republican appoints him,
Speaker 3: all of a sudden, there's political bias in there. Give
Speaker 3: me a break, we'll pick this up coming up. I'm
Speaker 3: Kevin Gordon, Americastruck a Network seven hundred WLW with.
Speaker 2: Dve Lapham's enshrinement into the Bengals Ring of Honor. We
Speaker 2: pay tribute to a life of Lap hit Advice, Skyline
Speaker 2: Feeling Good eats, Skyline Time. Now Here's Dan.
Speaker 4: And d Lap.
Speaker 7: You not only played all five offensive line positions during
Speaker 7: your career, you did it in the same game twice.
Speaker 4: That's mind boggling to me. How did you know every assignment?
Speaker 19: Yeah, it was interesting. I prided myself on, even in
Speaker 19: high school and college, kind of understanding exactly what everybody
Speaker 19: was doing on the field instead of just tunnel vision
Speaker 19: on my particular play. So knowing what's going on around you,
Speaker 19: knowing what from an environmental standpoint, you know what is
Speaker 19: happening around you, and not having that tunnel vision like
Speaker 19: I just spoke of, and understanding what all of your
Speaker 19: teammates are doing and why they're doing it and how
Speaker 19: they're doing it, and that.
Speaker 4: Allowed me to play any place.
Speaker 2: For more on the life of Lap, keep it here
Speaker 2: on seven hundred WLW, the home of the best Bangals coverage.
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Speaker 3: Progressive Coobstruction Network seven hundred WLW talk about this Bayes
Speaker 3: book report. Tariffs are pushing prices higher and consumers are
Speaker 3: feeling the hit.
Speaker 4: Fed's Beige Book.
Speaker 3: Shows talking about the labor markets largely stable overall economic
Speaker 3: growth having changed little, prices rose further during the reporting period.
Speaker 4: The report stated, tariff.
Speaker 3: Induced input cost increases were reported across many districts, but
Speaker 3: the extent of those higher costs passing through to final
Speaker 3: prices varied. So again going through the process in terms
Speaker 3: of if a tariff is levied, a tariff can be
Speaker 3: absorbed by the company manufacturing that in the foreign country,
Speaker 3: they can lower their prices, giving that or sending that
Speaker 3: to the importer or the exporter. The exporter can absorb
Speaker 3: some of that tariff before they send it overseas. The
Speaker 3: importer on this end could absorb some of that tariff.
Speaker 3: The wholesaleler that receives that from the importer can absorb
Speaker 3: some of that. Then when it gets to the retail outlet,
Speaker 3: the retail outlet can absorb some of that before it
Speaker 3: even gets to the consumer. So all those steps along
Speaker 3: the way this can be looked at. Now, if you've
Speaker 3: got low wages, subsidized wages, subsidized commodities in foreign countries,
Speaker 3: then they are going to be at an advantage in
Speaker 3: terms of having a significant price ting. Again, we did
Speaker 3: the example a month or so ago, talking about that.
Speaker 4: You look at.
Speaker 3: These Nike Jordans, the cost to make those is something
Speaker 3: in the neighborhood of I think twenty five to thirty bucks,
Speaker 3: and you see on the retail end one hundred and
Speaker 3: seventy five plus. That's a hell of a markup, my friends.
Speaker 3: So if that kind of cushion is there along the way,
Speaker 3: either from the manufacture to the importer or the exporter
Speaker 3: to the you know, the importer to the wholesaler to
Speaker 3: the retail and so on, so that amount, if there's
Speaker 3: a ten percent increase in the tariff there, that can
Speaker 3: be absorbed along the way because they're making so much
Speaker 3: money to begin with. And again if they are concerned
Speaker 3: about market share and whether or not consumers are going
Speaker 3: to look at those prices and say, you know what,
Speaker 3: I'm going to buy something else, which we are seeing.
Speaker 4: We talk about that coming up.
Speaker 3: But again, some of this is being absorbed before it
Speaker 3: even gets to the consumer level. In some cases, firms
Speaker 3: held prices unchanged to stay competitive, as I mentioned, and
Speaker 3: to appease inflation sensitive clients. However, some businesses say they
Speaker 3: we're fully passing higher import costs along to their customers.
Speaker 3: Now where we have seen that is in the electronics area.
Speaker 3: Some of those areas, some of those items have gone up,
Speaker 3: and I think imported furniture that's another one. A few
Speaker 3: districts reported to the slowing demand actually pushed prices down
Speaker 3: for materials.
Speaker 4: Trade war has escalated.
Speaker 3: In recent days as China has ordered restrictions on coveted
Speaker 3: rare earth minerals, while Trump has retaliated with a thread
Speaker 3: of one hundred percent tariffs on Chinese imports. The release
Speaker 3: comes amid a dearth of relevant economic data due to
Speaker 3: the government shutdown entering the third week. He providers such
Speaker 3: as the Labor and Commerce departments are largely closed due
Speaker 3: to the impass. Again, that information is available through other sources,
Speaker 3: and they've had that. However, Bureau of Labor Statistics workers
Speaker 3: have been called back, so they've been unfurloughed, if you will,
Speaker 3: back to release the pivotal consumer price Index report. Both
Speaker 3: as the inflation gauged to index cost of living adjustments
Speaker 3: for Social Security, so they want them back to come
Speaker 3: up with the numbers for the consumer price index, so
Speaker 3: that information is available to the Federal Reserve when they
Speaker 3: meet on the twenty eighth and twenty ninth of this
Speaker 3: month to determine what they're going to do as far
Speaker 3: as interest rates, but also, as we talked about last week,
Speaker 3: that the information that needs to be inputed as far
Speaker 3: as Social Security, the cost of living allowance that is
Speaker 3: added to those Social Security payments that are going out
Speaker 3: starting in January. But again we're still talking about a
Speaker 3: period of time from October. You know, usually that information,
Speaker 3: as we talked about in that story, comes out. Well,
Speaker 3: last year, it came out on October tenth, I believe
Speaker 3: it was scheduled to come out on the fifteenth of
Speaker 3: this month. So if it comes out next week, which
Speaker 3: they're saying it's going to be out by the twenty fourth,
Speaker 3: shouldn't be a problem and they should be able to
Speaker 3: adjust that as far as the computers are concerned. But again,
Speaker 3: the inflation rate is necessary or a part of the
Speaker 3: numbers that the Federal Reserve look at will look at
Speaker 3: when they meet on the twenty eighth and twenty ninth.
Speaker 3: Basebook said consumer spending nudged lower in recent weeks, though
Speaker 3: it noted strong spending on luxury items and traveled upper
Speaker 3: income earners. Lower and medium earners meanwhile, pursued discounts and promotions,
Speaker 3: which shocks me that people don't do that on a
Speaker 3: normal basis.
Speaker 4: Anyway, who in their right mind wants to.
Speaker 3: Pay something other if a discounted price is available, why
Speaker 3: wouldn't you take advantage of that. I talked about this
Speaker 3: a couple of weeks ago where they were interviewing somebody
Speaker 3: having to do with price increases at Walmart or something,
Speaker 3: and they were talking to somebody who said, well, you know,
Speaker 3: I think I'm going to have to take some drastic
Speaker 3: measures and maybe start using coupons. That's a drastic measure.
Speaker 3: Another thing they talk about is people using you know,
Speaker 3: dropping down a notch or maybe going with store brands.
Speaker 3: Let me tell you something. You know, well, it winds
Speaker 3: up being a plug for krog But that's where we
Speaker 3: shop a lot. But years ago, just for the heck
Speaker 3: of it, I think it was back in two thousand
Speaker 3: and eight or whatever, during the great recession that they
Speaker 3: call called it, I thought, well, you know, what the heck,
Speaker 3: I'm going to try their brands, either for peanut butter
Speaker 3: or cereal, the various Kroger brands. And what shot the
Speaker 3: heck out of me is that I've found that some
Speaker 3: of their items I'll mind you when you get to
Speaker 3: Hines and Frenches mustard and stuff like that, No, it's
Speaker 3: not the same. But as far as peanut butter is concerned,
Speaker 3: I prefer to the national brands. And if you look
Speaker 3: at the ingredients on the cereal and you look at
Speaker 3: some of the ingredients, the artificial colors and stuff like that,
Speaker 3: that's not in the Kroger brands, but it is in
Speaker 3: the national brands. And it's My wife has been conscious
Speaker 3: of this for hush over a decade now, maybe fifteen years,
Speaker 3: and she'll go to you know, we'll be in this
Speaker 3: store and she'll look at those things say well, this
Speaker 3: has got this and this, this and this, and even
Speaker 3: though in low levels it's not supposed to in low
Speaker 3: levels it doesn't harm you. But the fact that it's
Speaker 3: in almost everything you eat, then it's going to build
Speaker 3: up in the system and cause problems.
Speaker 4: This might be part of.
Speaker 3: The maybe my wife should have been the Maha or
Speaker 3: maybe she should have had Bobby Kennedy's job all these years,
Speaker 3: but part of the Maha movement.
Speaker 4: Basically she was Maha before Maha was MA.
Speaker 3: But again, when you look at the individual ingredients, I
Speaker 3: was shocked at you know, you go to the ingredients
Speaker 3: and you know, they're like a three inches long. Some
Speaker 3: of the stuff on the Kroger brands are like, you know,
Speaker 3: a few ingredients and stuff. It is absolutely amazing, and
Speaker 3: they're generally you know, priced differently or priced lower, and
Speaker 3: so you know, that's a way of cutting your bills
Speaker 3: and actually eating better. So again, discounting and going to
Speaker 3: a lower priced item sometimes not all that bad. Sometimes
Speaker 3: some of the things that you're I don't want to
Speaker 3: say forced into, but some of the stuff you explore,
Speaker 3: you wind up finding a better way of doing things.
Speaker 4: And as I.
Speaker 3: Mentioned before, takes about an hour a week out of
Speaker 3: your time to kind of check where the low prices
Speaker 3: are in the stores around you and maybe download digital
Speaker 3: coupons to save some money. Where they talk about in
Speaker 3: here that well, you know, cost conscious people are looking
Speaker 3: for discounts and promotions. Why wouldn't you do that on
Speaker 3: a regular basis? Folks were up against clock here. We
Speaker 3: didn't have time to get some of these other stories,
Speaker 3: but we'll get to them tomorrow. I'm Kevin Gordon, America's
Speaker 3: truck and Network seven hundred WLW.
Speaker 2: News Traffic and weather news radio seven hundred WLW Cincinnati.
Speaker 11: Day twenty one. Now the government shut down at the
Speaker 11: top of the hour, reports I'mley maun King.
Speaker 20: Now, all we want to do is have a vote
Speaker 20: of continuation. And so first time in history that a
Speaker 20: group has not voted for continuation. So they have what's
Speaker 20: called a Trump derangement problem.
Speaker 11: President Donald Trump, who's excited about his ballroom project, continuing
Speaker 11: to point the blame at Democratic leaders who remain firm
Speaker 11: other healthcare demands for Americans. The Republican led government has
Speaker 11: been shut down for three weeks now as Senators have
Speaker 11: failed for the eleventh time to reopen the government. Now
Speaker 11: that's affecting workers that patrol our nuclear weapons.
Speaker 21: Roughly fourteen hundred employees of the National Nuclear Security Administration,
Speaker 21: which safeguards the country's nuclear stockpile, now on unpaid leave.
Speaker 21: Only four hundred workers remain on the job. But Republican
Speaker 21: House Speaker Mike Johnson has refused to bring the House
Speaker 21: into session.
Speaker 4: Every day that the government is shut down. It is
Speaker 4: a danger to the American people.
Speaker 21: And Democrats are refusing to back down, insisting on a
Speaker 21: deal to repeal Medicaid cuts and extend healthcare subsidies ABC's
Speaker 21: Mary Bruce.
Speaker 4: Here's the BABU scorecasts.
Speaker 12: We're clouding up and we'll see a chance of ragin
Speaker 12: through daybreak, a morning low of fifty degrees our Tuesday,
Speaker 12: then after that chance mostly sunny, a high at sixty
Speaker 12: five at night, mostly cleared, a low down to forty four.
Speaker 12: From your Severe Weather station, I'm nine First Warning Chief
Speaker 12: Meteorologist Steve Rowley, News Radio seven hundred WLW.
Speaker 11: Investigators say the suspect in last week's Fountain Square shooting
Speaker 11: has a history of violence.
Speaker 22: He surrendered to police over the weekend, and now he's
Speaker 22: being held in Hamilton County on two point six million dollars.
Speaker 22: Twenty four year old Shaquille Ferguson is allegedly the person
Speaker 22: seen on surveillance video firing gunshots at the Citybird location
Speaker 22: on Fountain Square last week, injuring two people. Responding police
Speaker 22: previously arrested an underage teen in that incident, accused of
Speaker 22: dumping a gun as he tried to run from the scene.
Speaker 22: Ferguson's attorney says he was acting in self defense. Investigators
Speaker 22: also say that same gun was used in a shooting
Speaker 22: on Spring Grove in Northside two days before. Ferguson's been
Speaker 22: on probation after he was convicted of aggravated assault earlier
Speaker 22: this year. I'm Jack Crumley News Radio seven hundred WLW.
Speaker 11: Over Kentucky Drivers, you need to plan for a detour
Speaker 11: around the Trott Street Bridge this week. KYTC has closed
Speaker 11: the Girl Scouts Bridge for a week due to emergency
Speaker 11: repair work. Hydraulic jacks are in place to keep the
Speaker 11: bridge up while Cruiser worked to install new bridge bearings
Speaker 11: to handle temperature changes and traffic loads, especially when the
Speaker 11: Fourth Street Bridge closes up. KYTC crews are expecting to
Speaker 11: reopen this bridge Monday.
Speaker 2: Seven one hundred WLW.
Speaker 11: Sports FC Cincinnati midfielder Evander named to the MLS Team
Speaker 11: of the Match day number thirty nine on Monday. His
Speaker 11: goal and assist in the three nail victory over c
Speaker 11: F Montreal gives the Brazilian his twelfth honor of the season.
Speaker 11: That's a club record in Cincinnati, and the Orange and
Speaker 11: Blue picked up their thirty third recognition this year. Evander
Speaker 11: finishes the regular season with eighteen goals fifteen assists. It's
Speaker 11: Hell is Real Playoff edition next Monday at TQL Stadium
Speaker 11: against the Columbus crew first kick at six forty five.
Speaker 11: It's a temporary decision by a Franklin County Common Police judge,
Speaker 11: but it's one that can bring name, image and likeness
Speaker 11: or NIL to Ohio high school athletics. Currently, Ohio is
Speaker 11: one of six states that don't allow compensation to high
Speaker 11: school students. Attorney Luke Fedlam and his client wide receiver,
Speaker 11: Jamir Brown of Hubert Heightswain, have won a temporary restraining
Speaker 11: order on that statewide band, blocking it into another hearing
Speaker 11: on December fifteenth.
Speaker 23: What's being asked here is for a student athlete to
Speaker 23: be able to earn compensation, not just be given compensation,
Speaker 23: but to earn it based on the licensing of their name,
Speaker 23: image and likeness for social media influencing and other things.
Speaker 23: And so that is an opportunity for high school student athletes.
Speaker 11: The OHSAA is expected to give details on this in
Speaker 11: the near future. Our next update is at the bottom
Speaker 11: of the hour. I'm Ley Mawen, News Radio seven hundred
Speaker 11: WLW You.
Speaker 10: Ever wonder how far an EV can take you on
Speaker 10: one charge. Well, most people drive about forty miles a day,
Speaker 10: which means you can do all