Latest / Brian Thomas / Kevin Gordon in for Brian 7/15/2026

Transcript

Kevin Gordon in for Brian 7/15/2026 · Brian Thomas

0:00
Speaker 1: And Thomas on fifty five Chaos the talk station.
0:17
Speaker 2: Five oh five in the morning.
0:19
Speaker 3: Yes, I'm as surprised as you are that I'm here.
0:24
Speaker 3: Kind of a little bit of a change in the lineup.
0:26
Speaker 3: We had a host on injured Reserve, let's put it
0:32
Speaker 3: that way, and so had kind of a shuffling of
0:35
Speaker 3: the lineup. So good morning to you. I hope your
0:39
Speaker 3: day is going well. Mine is going extremely well. Because
0:42
Speaker 3: I am behind the microphone a lot of stuff I
0:45
Speaker 3: want to talk to about today. One of the first
0:49
Speaker 3: things I noticed that we're getting some movement or there's
0:52
Speaker 3: going to be a vote. I guess it's past the
0:56
Speaker 3: House and going on to the Senate for this permanent
1:01
Speaker 3: fix or permanent change to daylight savings time. It's going
1:07
Speaker 3: to be interesting to see how that goes. I'm going
1:09
Speaker 3: to be interested. I want to kind of hear from you.
1:13
Speaker 3: I guess they've got three proposals. Either keep it permanently
1:18
Speaker 3: standard time, keep it permanently daylight savings time, or just
1:25
Speaker 3: do it the way we've been doing it and the
1:27
Speaker 3: spring forward fall back type of thing. Now, my wife
1:33
Speaker 3: would prefer, and we've talked about this numerous times, she
1:37
Speaker 3: would like the standard time permanently, because quite honestly, she
1:43
Speaker 3: well the way she talks about it, she thinks that
1:46
Speaker 3: sometimes it's well around here in the Greater Since Northern
1:50
Speaker 3: Kentucky area, it stays light until nine oh five, nine
1:55
Speaker 3: oh two or something around those it keeps it. Obviously,
1:59
Speaker 3: it's a just thing. But she says, it's daylight too
2:04
Speaker 3: late in the day that but then you know, during
2:07
Speaker 3: the summer or during the winter, it's really dark. So
2:10
Speaker 3: but she's one of those people that when the clocks
2:14
Speaker 3: change it takes her a couple of days to adjust.
2:17
Speaker 3: For me, it doesn't really matter. I don't It doesn't
2:21
Speaker 3: matter to me one way or the other. I think
2:23
Speaker 3: one of the advantages now, I know that people talk
2:27
Speaker 3: about that the school kids, if it's permanent daylight savings time,
2:32
Speaker 3: it will be dark in the morning and with the
2:34
Speaker 3: kids going to school that they say that the safety
2:38
Speaker 3: issues are there. I'm going to leave that to the
2:41
Speaker 3: experts and let them hash that out. But a lot
2:45
Speaker 3: of people, little kids ride the bus, a lot of
2:47
Speaker 3: kids are dropped off at school so that the parents
2:51
Speaker 3: can can take the kids to school, and so on.
2:54
Speaker 3: I'm kind of curious as to how you feel about this.
2:57
Speaker 3: By the way, the phone numbers are five to one
2:58
Speaker 3: to three, seven fifty five hundred one, eight hundred eighty
3:02
Speaker 3: two three talk one eight hundred eight two three, eight two,
3:06
Speaker 3: five five, and so again we'll see how that goes.
3:10
Speaker 3: I have been talking to a couple of people. I've
3:13
Speaker 3: got a hold of them when I knew that I
3:15
Speaker 3: was gonna be filling into see if we can get
3:17
Speaker 3: them on the program. Looking forward to hearing from them.
3:21
Speaker 3: So it'll be a surprise if we get them on.
3:24
Speaker 3: There's been let's see. We still are hammering away at Iran,
3:29
Speaker 3: and I, like I've said, I've I don't know how
3:33
Speaker 3: many targets there are in Iran, but you would think
3:38
Speaker 3: with the two months the well, the original epic Fury
3:45
Speaker 3: starting February the twenty eighth, and taking out the Navy,
3:49
Speaker 3: taking out the infrastructure as far as radar is concerned,
3:54
Speaker 3: taking out the Air Force and many of their military people.
4:00
Speaker 3: Not only that, but then taking out the top tier
4:05
Speaker 3: leadership down to the second, past the second and now
4:10
Speaker 3: into the third tier, that there wouldn't be, in my opinion,
4:13
Speaker 3: a whole lot of targets left now to me, it
4:17
Speaker 3: would seem that where these targets are and where the
4:22
Speaker 3: would seem to me that the most important targets would
4:25
Speaker 3: be any of these installations that are trying to shut
4:30
Speaker 3: down the Straight of Horn Moves, either by those speed boats,
4:34
Speaker 3: any of the many submarines they have, any of the
4:37
Speaker 3: mine ships or boats where they lay the mines in
4:44
Speaker 3: the strait to try to shut that down. I would
4:49
Speaker 3: think along the coastline there of just going up and
4:53
Speaker 3: down that coastline and taking out anything that moves or
4:57
Speaker 3: walks or whatever would cripple that effect. And if that's
5:01
Speaker 3: where you know, as soon as a shot was fired,
5:05
Speaker 3: as soon as the drone was shot from a location,
5:08
Speaker 3: immediately take that group out. Now there's been a lot
5:11
Speaker 3: of complaints about, well, what happened to the seas fire,
5:14
Speaker 3: what happened to this whole idea of reopening the Straight
5:18
Speaker 3: of Horror Moves which was always open according to some
5:22
Speaker 3: of the liberals. Now we covered that on this program.
5:25
Speaker 3: How many times Iran has threatened to shut that Straight
5:29
Speaker 3: of horor Moves down, how many times they've actually shut
5:32
Speaker 3: it down, and how many times they have harassed, attacked,
5:36
Speaker 3: shot at ships in the Straight of Horror Moves. And
5:39
Speaker 3: we talked about how the fact that there is a
5:42
Speaker 3: built in risk premium of anything going out of the
5:46
Speaker 3: Middle East in terms of not knowing what the different
5:51
Speaker 3: factions are doing at any one time, whether there's going
5:54
Speaker 3: to be a shooting war or a border dispute or
5:57
Speaker 3: something like that. So there's always been in this what
6:01
Speaker 3: has been referred to as a risk premium built into
6:04
Speaker 3: that number that has been there for basically forty seven
6:07
Speaker 3: years since the Islamic regime took over from the shaw
6:13
Speaker 3: of Iran forty seven years ago. So you got that
6:16
Speaker 3: craziness going on that eliminating that threat, eliminating that cancer
6:21
Speaker 3: in the Middle East. As people refer to them as
6:24
Speaker 3: the bully, they kind of throw their weight around, make
6:27
Speaker 3: all kinds of threats, do certain things, harass their neighbors,
6:31
Speaker 3: fire missiles into their territory, try to do some sabotage,
6:37
Speaker 3: if you will, And so a lot of the Gulf
6:41
Speaker 3: nations they and what was interesting in an epic fury
6:46
Speaker 3: when Israel and US attacked Israel or Iran at that time,
6:52
Speaker 3: their response was to fire some rockets or some missiles
6:56
Speaker 3: at some of our bases. But then in addition to that,
7:00
Speaker 3: they started firing missiles into other countries that surround them, Kuwait, Qatar,
7:09
Speaker 3: Saudi Arabia, United Arab Emirates. And they're thinking was that
7:13
Speaker 3: if they piss them off, if they make them a
7:18
Speaker 3: target as a retaliation for US attacking them, that they
7:23
Speaker 3: would jump on a Rand's side. And that just didn't happen.
7:27
Speaker 3: And that philosophy doesn't make any sense. If somebody is
7:33
Speaker 3: attacking somebody and I'm an innocent person and then they
7:36
Speaker 3: attack me, I'm not going to be on the side
7:39
Speaker 3: of the attacker. I'm going to be on the side
7:42
Speaker 3: of the attack e. And that's exactly what happened. And
7:45
Speaker 3: so there weren't a lot of people coming to their
7:48
Speaker 3: defense or coming to their aid. But then again, as
7:51
Speaker 3: far as we're concerned, there haven't been a lot of
7:54
Speaker 3: people from NATO or even some of the Persian Gulf
7:58
Speaker 3: states that have jumped in to try to help us
8:01
Speaker 3: very much at all. Now, we do have bases in
8:04
Speaker 3: the area, we've been using those, and of course Ran
8:07
Speaker 3: has been trying to attack those. But the nonsense of
8:11
Speaker 3: what's going on over there has got to settle, and
8:15
Speaker 3: at some point in time, I think Trump said that
8:18
Speaker 3: starting tomorrow I believe, Well, this was a preps conference
8:22
Speaker 3: last night, so I think tonight basically might be the
8:26
Speaker 3: time when he is going to talking about hitting bridges
8:31
Speaker 3: and power plants. So I guess stepping up the action,
8:35
Speaker 3: stepping up the issues to Iran to get them to
8:38
Speaker 3: either surrender or to the negotiating table. But for the
8:43
Speaker 3: life now, we've taken out two of their top IRGC
8:49
Speaker 3: Islamic Revolutionary Guard command. Both of them were involved in
8:56
Speaker 3: controlling or managing Iran's idea of closing the Straight of Hormuz.
9:02
Speaker 3: One died in a and I'm doing air quotes here
9:05
Speaker 3: a car accident, and the other was just taken out
9:08
Speaker 3: during one of these raids and one of these bombing campaigns.
9:12
Speaker 3: So taking out some of the leadership of the IRGC,
9:17
Speaker 3: maybe they get the idea that And again should point
9:22
Speaker 3: out the fact that you have the third tier government
9:25
Speaker 3: in place, but you have the rogue and militant IRGC
9:31
Speaker 3: that don't agree with the moderates of the supposed moderates
9:35
Speaker 3: in the leadership, and so they have been going rogue.
9:39
Speaker 3: And the people that have been doing the negotiating and
9:42
Speaker 3: determining the terms, those aren't the people necessarily that are
9:47
Speaker 3: in charge, because the IRGC thinks they're in charge. And
9:51
Speaker 3: so I would think from the leadership standpoint that if
9:56
Speaker 3: you have a group that is trying to prevent and
10:00
Speaker 3: that you want peace and that you want to be
10:03
Speaker 3: at the negotiating table, hey kind of give us some
10:06
Speaker 3: names and addresses and we'll take care of your problem
10:09
Speaker 3: for you. So it's going to be interesting to see
10:11
Speaker 3: how that plays out. But again we'll see, uh. And
10:15
Speaker 3: of course President Trump on Thursday night is going to
10:18
Speaker 3: address the nation at nine pm, so we'll see what
10:22
Speaker 3: he has to say there, and maybe we'll get some
10:24
Speaker 3: information ahead of time to see what he is going
10:27
Speaker 3: to be talking about. Phone numbers five one, three, seven, four, nine, fifty,
10:31
Speaker 3: five hundred one, eight hundred eight two three eight two
10:34
Speaker 3: five five pound, five point fifty AT and T wireless phone.
10:38
Speaker 3: I'm Kevin Gordon in for Brian Thomas fifty five KRC
10:43
Speaker 3: the talk station.
10:44
Speaker 4: If you heard them you.
10:56
Speaker 3: Five twenty in the morning. Kevin Gordon in for Brian Thomas,
10:59
Speaker 3: fifty five care see the talk station. By the way,
11:04
Speaker 3: this week is Burger Week and in Cincinnati. And if
11:11
Speaker 3: there's one thing, there's there's two things. Well, I love pizza,
11:15
Speaker 3: and I love burgers, and I really like Chinese. But
11:19
Speaker 3: in the order of pizza, then burgers, and then Chinese,
11:23
Speaker 3: and throw in Mexican along with the Chinese, they're kind
11:27
Speaker 3: of tied for the third spot. And so anytime anybody says, hey,
11:33
Speaker 3: let's go get burgers, I'm in now. We I have
11:36
Speaker 3: my favorites, and I've had some places that I've gone,
11:39
Speaker 3: But I'm kind of curious to you if there's a
11:42
Speaker 3: certain place that maybe I don't know about, because you know,
11:47
Speaker 3: I live in Wilder, Kentucky, but I go just about
11:50
Speaker 3: anywhere in the city. I've go up as far north. Well,
11:53
Speaker 3: you know, I've said this before. My wife and I occasionally,
11:57
Speaker 3: at least once a month, hop in the car, are
12:00
Speaker 3: either Friday night or Saturday afternoon or whatever, and drive
12:03
Speaker 3: up to Columbus where I grew up and have pizza
12:06
Speaker 3: up there and then drive back. So I will drive
12:09
Speaker 3: that far for a decent pizza, and I will drive
12:12
Speaker 3: that far for a Hamburger. So I'm kind of curious.
12:15
Speaker 3: There's a bunch of places that we go to on
12:17
Speaker 3: a regular basis. I'm kind of curious as to your favors.
12:20
Speaker 3: So again, phone numbers five one, three, seven, four nine fifty,
12:24
Speaker 3: five hundred one, eight hundred eighty two three talk one
12:27
Speaker 3: eight hundred eight two three eight two five, five pound,
12:29
Speaker 3: five point fifty AT and T wireless phone. Let's go
12:32
Speaker 3: to the phones right now and talk to Jay J
12:34
Speaker 3: fifty five krs. Good morning and welcome to the program.
12:38
Speaker 5: Hey, good morning. I'm thinking we may need to get
12:41
Speaker 5: you some diversity training. I don't think you can say
12:44
Speaker 5: Chinese and Mexican or third place and anything.
12:47
Speaker 3: Whether it's food, well, it depends, you know. Well, now
12:49
Speaker 3: again compared to you know, order of preference, I said pizza, I.
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Speaker 6: Said, I know, you said burgers.
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Speaker 3: Know, I said pizzas first and.
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Speaker 6: The pieces first.
13:03
Speaker 3: Then Chinese and Mexican is right in there. There's a
13:06
Speaker 3: couple of places.
13:07
Speaker 6: So all right, maybe you're all right.
13:15
Speaker 5: Hey, I wanted to weigh in on your comment on
13:17
Speaker 5: daylight savings time.
13:19
Speaker 6: Yes, for for me, Uh.
13:22
Speaker 5: The federal government is unbelievable. We have election integrity slipping
13:26
Speaker 5: through our fingers as we have fun who can't seem
13:30
Speaker 5: to find the energy or the will power or maybe
13:33
Speaker 5: he just you know, the paycheck is too big not
13:36
Speaker 5: to push through.
13:37
Speaker 7: Uh.
13:38
Speaker 5: The Save Act and I and I know I can
13:40
Speaker 5: hear everybody saying, well, we don't have the votes. It's
13:42
Speaker 5: amazing how when Democrats are in power, they win, and
13:45
Speaker 5: when they're out of power, they win.
13:46
Speaker 6: And it seems like.
13:47
Speaker 5: The Republican Party is always the Washington generals playing the
13:50
Speaker 5: globetrotters exactly.
13:52
Speaker 6: Dog on it.
13:53
Speaker 5: Maybe next time we'll we'll get something once we give
13:56
Speaker 5: these guys a super majority. So we have the Save Act. H.
14:00
Speaker 5: I continue to listen for JD. They've also wound up
14:04
Speaker 5: the dissolved Doge very quickly, very quietly. But yet the
14:08
Speaker 5: Department of Education continues to exist. We can't get rid
14:11
Speaker 5: of that, but dogs can go overnight. We have Department
14:14
Speaker 5: of Energy. We have all these federal departments. We can't
14:16
Speaker 5: get rid of any your shrink any now.
14:18
Speaker 3: Let's remember, let's remember the Department of Energy that Reagan
14:23
Speaker 3: wanted to kill the Department of Energy.
14:25
Speaker 5: So it just, oh yeah, well, all of these, all
14:28
Speaker 5: of these departments are a lot of them, not all
14:31
Speaker 5: of them, but a lot of them came around during
14:33
Speaker 5: the Woodrow Wilson administration whenever it was decided that we
14:37
Speaker 5: needed to have a party of experts, so we stood
14:40
Speaker 5: up all these divisions in a very very communistic way,
14:44
Speaker 5: and that was about nineteen thirteen, and we never had
14:46
Speaker 5: anybody tear it down. That would be a good win.
14:50
Speaker 5: I'm waiting more to hear more about JD. Vance's anti
14:53
Speaker 5: fraud task Force because as soon as midterms come around,
14:56
Speaker 5: and if we lose mid terms, the ability to do
14:59
Speaker 5: anything thing I think is going to be greatly hampered. Well,
15:02
Speaker 5: I took a look at when's the last time we
15:04
Speaker 5: heard anything. When's Tim Walts going to prison?
15:07
Speaker 3: Yeah?
15:07
Speaker 6: When is Mike de Wine going to prison?
15:10
Speaker 4: And when are the.
15:10
Speaker 5: Investigations going to start with Gavin Newsom? And we heard
15:14
Speaker 5: a bunch of bluster and talk, where's the action and
15:18
Speaker 5: how much money has been I want every day in
15:20
Speaker 5: front of the microphone. That's what I want our lawmakers
15:23
Speaker 5: and our vice president and everybody focused on. And there
15:26
Speaker 5: they sit working on daylight savings time as Rome burns.
15:30
Speaker 3: Yeah, exactly. And one of the top of the lists
15:32
Speaker 3: that you didn't mention was like to see doctor Fauci
15:35
Speaker 3: in jail. I'd like you to see and I'd like
15:38
Speaker 3: to see Alejandro Majorcus. I mean, after all, it is
15:42
Speaker 3: a cut and dried situation. It is against the law
15:46
Speaker 3: to lie to Congress, and we know exactly that he
15:50
Speaker 3: lied to Congress. The border is secure that that we've
15:54
Speaker 3: got it under control, and so where are the where
15:58
Speaker 3: are the prosecutions? I don't understand. It's like we know
16:04
Speaker 3: that when they're in power, they prosecute the hell out
16:08
Speaker 3: of us. I just saw a story the other day
16:09
Speaker 3: that I guess they was Jack Smith was investigating forty
16:16
Speaker 3: four members of Congress. How the hell is that even legal?
16:20
Speaker 3: And why is he still walking around? They don't mind
16:23
Speaker 3: attacking us, sending arresting us for a contempt of Congress
16:29
Speaker 3: and all this sort of stuff. Yet I guess some
16:31
Speaker 3: of the people in the Republican sidefield that, well, if
16:34
Speaker 3: we don't go after them the next time, they won't
16:38
Speaker 3: go after us, which.
16:39
Speaker 5: Is, yeah, that is I'm fifty four years old and
16:42
Speaker 5: I've never seen that work. How about there's rule of
16:45
Speaker 5: law and that we uphold the rule of law. And
16:50
Speaker 5: if you don't want to be part of this mandate
16:54
Speaker 5: or i'll call it voluntary nation fifty.
16:57
Speaker 6: States, then get the hell out.
16:58
Speaker 5: How about back to national divorce with these blue states
17:01
Speaker 5: that want to still elections, still our money.
17:03
Speaker 6: Let illegals in.
17:04
Speaker 5: You know, there was some discussion about that about maybe
17:07
Speaker 5: we're to the point where we're not the United States.
17:09
Speaker 5: You take a look at every vote, there's certainly two
17:11
Speaker 5: different states smashed together here, the.
17:13
Speaker 6: Breads and the blues. Yeah, those are the sort of things,
17:16
Speaker 6: you know.
17:17
Speaker 5: How about a better social security solution, like winding it
17:21
Speaker 5: down instead of Bernie Marino going full Commy and caming up.
17:24
Speaker 3: With We talked about that esterday. I'll tell you what
17:26
Speaker 3: I'm up against the break. But I really appreciate you
17:29
Speaker 3: calling in. I said, you got to make some great points,
17:31
Speaker 3: and certainly that ought. You know, I wish a lot
17:35
Speaker 3: of more, a lot more people your age and a
17:37
Speaker 3: little bit younger were as informed as you are, because
17:40
Speaker 3: we'd be a whole lot better off. And I appreciate
17:42
Speaker 3: calling I appreciate you calling in, Jay, Thank you much.
17:45
Speaker 3: Have a great day. UH. Phone numbers five one, three, seven,
17:49
Speaker 3: four nine, fifty five hundred one, eight hundred eight two
17:51
Speaker 3: three Talk one, eight hundred eight two three eight two
17:54
Speaker 3: five five pound, five point fifty AT and T wireless phone.
17:57
Speaker 3: Kevin Gordon in for Brian Thomas fifty five krs. The
18:01
Speaker 3: Talk stage again seventy degrees fifty five KRC The Talk
18:06
Speaker 3: Station five thirty one in the morning Kevin Gordon and
18:18
Speaker 3: for Brian Thomas fifty five krs The Talk Station. You
18:22
Speaker 3: want to set a little bit of appointment listening here
18:25
Speaker 3: At six o'clock we're going to be speaking with Phil Flynn.
18:29
Speaker 3: He is a good friend of the show. The other
18:32
Speaker 3: show that I do Americastruck a network. He is a
18:36
Speaker 3: senior account executive with Price Futures Group, author of the
18:40
Speaker 3: Energy Report. He's the world's leading energy market analyst, and
18:45
Speaker 3: he also is a frequent guest and a contributor to
18:50
Speaker 3: Fox Business News, and he's very well versed in terms
18:55
Speaker 3: of what's going on as far as energy policy, what's
18:57
Speaker 3: going on in the Middle East. In fact, he's usually
18:59
Speaker 3: ahead of the curve on that. So I'm looking forward
19:01
Speaker 3: to talking to him, and I think you have a
19:04
Speaker 3: real treat to talking to him, and to be able
19:06
Speaker 3: to get him at such short notice. Pretty happy with that.
19:09
Speaker 3: So at six o'clock, tune in and hear what Phil
19:11
Speaker 3: has to say, because it's always very good. But in
19:14
Speaker 3: the meantime, by the way, phone numbers five, one, three, seven, four, nine,
19:18
Speaker 3: fifty five hundred one, eight hundred eighty two three Talk
19:21
Speaker 3: one eight hundred eighty two three eight two five five pound,
19:24
Speaker 3: five point fifty AT and T wireless phone. Let's get
19:28
Speaker 3: right to the phones here. Let's talk to Bob, Bob
19:30
Speaker 3: fifty five. Care see how are you this morning?
19:33
Speaker 7: Good morning, Kevin.
19:34
Speaker 8: I got two burger places that are probably the best
19:36
Speaker 8: burger that I know in the whole Try state. One
19:39
Speaker 8: of them's in a Middletown place called Bourbons.
19:42
Speaker 9: Uh.
19:42
Speaker 8: They're Burger's called the All American, absolutely phenomenal. That's in
19:46
Speaker 8: the place called Yep the Oh. There's a place called
19:49
Speaker 8: Hallal Burger in Westchester right off of a Yankee Road
19:52
Speaker 8: kind of where it meets Cincinnati Dayton Road.
19:54
Speaker 7: Amazing.
19:57
Speaker 3: I'll have to try that. I'll have to try. Thank you, sir.
20:01
Speaker 3: I certainly appreciate it. That's great.
20:04
Speaker 10: Uh.
20:04
Speaker 3: It's always fun to get information from other people in
20:07
Speaker 3: terms of some of the stuff that they like. And
20:11
Speaker 3: you know, I you know, I can't get everywhere I
20:14
Speaker 3: like to. I try to, but you know, it's when
20:17
Speaker 3: you go out to and it's one of those things
20:19
Speaker 3: I was listening to somebody talk about. It was one
20:22
Speaker 3: of the topics on one of the one of the
20:24
Speaker 3: shows on Fox News, and the question came up is
20:29
Speaker 3: that if you get the same thing every time you
20:33
Speaker 3: go out and you go to a particular restaurant, does
20:37
Speaker 3: that make you anti So I forget what the question was,
20:42
Speaker 3: but the person's the people that were answering it says, well,
20:45
Speaker 3: it's a sign of respect. It's a sign of a
20:50
Speaker 3: self confidence that you know what you like to eat
20:53
Speaker 3: and you eat it. And how I'm not one of
20:57
Speaker 3: these people. Well, my wife and I we aren't going
21:00
Speaker 3: out to dinner every night. I know there are some
21:02
Speaker 3: people that eat out every night. And yet when you
21:05
Speaker 3: only go to a place like well once every couple
21:09
Speaker 3: of weeks or something like that, to me, that's not
21:12
Speaker 3: the time to experiment. And it's kind of weird that
21:18
Speaker 3: if you are experimenting and you, like I said, you
21:22
Speaker 3: get there, you know what you like and you want
21:23
Speaker 3: to eat that, and if you try something else then
21:28
Speaker 3: you don't like it, then you've wasted your money. So
21:32
Speaker 3: I think it's a sign of respect. I think it's
21:35
Speaker 3: a sign of self confidence. And if you go to
21:38
Speaker 3: a routine type of thing, you generally get into a
21:41
Speaker 3: routine of where you've got five, six, seven, eight nine
21:44
Speaker 3: restaurants that you go to on a regular basis, and
21:47
Speaker 3: it's cool once in a while to try something new.
21:49
Speaker 3: And I you know, I'm adventurous, my wife is adventurous.
21:54
Speaker 3: So we'll try just about any place as long as
21:57
Speaker 3: the's a burger pizza. I'm just kidding, but anyway, by
22:01
Speaker 3: the way, phone numbers five one, three, seven four nine, fifty,
22:04
Speaker 3: five hundred one, eight hundred A two three talk one
22:07
Speaker 3: eight hundred eight two three eight two, five five pound,
22:10
Speaker 3: five point fifty AT and T wireless phone. I'm Kevin Gordon.
22:13
Speaker 3: By the way, Gary, you'll be up right after the break.
22:16
Speaker 3: Kevin Gordon in for Brian Thomas. Fifty five KRC the
22:19
Speaker 3: talk station.
22:20
Speaker 4: Gas prices growsy five KRC the talk station.
22:29
Speaker 3: Five forty in the morning, Kevin Gordon in for Brian Thomas,
22:33
Speaker 3: fifty five kr C the talk station. Phone number seven
22:36
Speaker 3: four nine, fifty five hundred one, eight hundred A two
22:39
Speaker 3: three eight two, five five pound, five point fifty AT
22:43
Speaker 3: and T wireless phone. If you want to weigh in
22:45
Speaker 3: on the daylight savings time Congress voting on that. As
22:50
Speaker 3: Jay called in and said, you know, with everything else
22:53
Speaker 3: we've got going on. This is the thing that they
22:57
Speaker 3: that they're doing. We can't get the SAVE Act, we
23:00
Speaker 3: can't get some of this funding done. We can't. You know,
23:04
Speaker 3: there's so many other issues, and they want to mess
23:07
Speaker 3: around with daylight Saving time and I agree with that.
23:10
Speaker 3: So anyway, let's get back to the phones as promised.
23:13
Speaker 3: Gary fifty five Caro. See how are you this morning?
23:16
Speaker 3: Thanks for Colin.
23:17
Speaker 7: Yeah, I think I'm going to pile on with Jay
23:20
Speaker 7: on that with the save back. I know you know
23:24
Speaker 7: a lot about trucking. I also have a CDL and
23:28
Speaker 7: I would.
23:28
Speaker 3: Like to thank you, thank you for all you do.
23:32
Speaker 11: Well.
23:32
Speaker 7: Yeah, but I would like to know why that we
23:36
Speaker 7: have seen some low level corruption in the CDL industry
23:41
Speaker 7: for selling driver's license to illegal immigrants, immigrants that can't
23:47
Speaker 7: even speak English, and there's been numerous accidents, mostly coming
23:52
Speaker 7: from New York, Illinois, Massachusetts, and California at the heads
23:58
Speaker 7: of the DOO. You know, the Department of Safety DS
24:03
Speaker 7: has been charged with murder under some of these acts.
24:08
Speaker 7: You know, because they're the ones that are ultimately responsible
24:12
Speaker 7: to oversee your physical your standards are upheld, and they
24:17
Speaker 7: plainly find out blatantly that these people can't even speak English,
24:22
Speaker 7: no less behind the wheel of a semi trailer.
24:25
Speaker 3: And they don't even have the training for it. They
24:27
Speaker 3: haven't gone to school for it, they haven't passed the test.
24:29
Speaker 3: And they've had these go through the department of a
24:33
Speaker 3: Bureau of Licensing and people are paid off along the way,
24:37
Speaker 3: and these people get a license. Yeah, that has been
24:41
Speaker 3: and they.
24:42
Speaker 7: Have never been called to account. They have called them
24:48
Speaker 7: in to Congress and they have faced very sharp questions
24:52
Speaker 7: which they had no answer to. But I want to
24:55
Speaker 7: see people go.
24:56
Speaker 3: To prison right now. There have been some high well,
25:00
Speaker 3: and the thing is is that when you have these
25:04
Speaker 3: high profile or that hit the news that I can't
25:09
Speaker 3: remember the guy's first name sing down in Florida that
25:13
Speaker 3: killed three people trying to do that U turn. And
25:16
Speaker 3: then somebody by the same last name out in California
25:20
Speaker 3: failing to break and ramming the back end of people,
25:23
Speaker 3: one of the most horrific accidents I've seen. And they
25:26
Speaker 3: found out that both of those had come into the
25:28
Speaker 3: country illegally, gotten driver's license, but never had the training,
25:32
Speaker 3: can't speak English, etc. Now this goes back to twenty
25:36
Speaker 3: sixteen during Obama administration, when the FMCSA stopped enforcing the
25:41
Speaker 3: English language proficiency the ELP, and you're familiar with that,
25:47
Speaker 3: I'm sure, being in the trucking industry. And at that
25:50
Speaker 3: time there was something like in the country, maybe six
25:54
Speaker 3: thousand people like that. But then when the southern border
25:59
Speaker 3: was wide open and we were invaded by all these illegals,
26:03
Speaker 3: to the tune of some estimates as high as twenty million,
26:07
Speaker 3: we now have I think the number I saw was
26:10
Speaker 3: somewhere around well, was it sixty thousand, just in it
26:14
Speaker 3: seems anyway, sixty thousand and maybe just California. Now. On
26:19
Speaker 3: the news on the trucking industry, I see periodically thirteen
26:24
Speaker 3: hundred CDL revocations in Florida, fourteen hundred in Texas, nineteen
26:30
Speaker 3: hundred here, nineteen there. So there is some of this revocation.
26:34
Speaker 3: But usually when you see these high profile accidents and stuff,
26:39
Speaker 3: and then people are arrested, it takes six, eight, nine,
26:43
Speaker 3: ten months a year to actually bring that to trial
26:47
Speaker 3: because of all the delays, and because we have our
26:51
Speaker 3: media that have the memory of a gnat. You know,
26:56
Speaker 3: if it leads, it bleeds, so they don't bother following
26:59
Speaker 3: up on these stories, which is some of the stuff
27:01
Speaker 3: that I try to do on a regular basis. Go
27:04
Speaker 3: back and look at this and see where these cases stand.
27:07
Speaker 3: So there have been some prosecutions and people jailed, but
27:11
Speaker 3: not enough.
27:13
Speaker 7: Matt Waltsh has an excellent series on this from the
27:19
Speaker 7: Daily Wire and it's their copy. He has covered this
27:24
Speaker 7: numerous times and nobody has been held to account in
27:28
Speaker 7: leadership as well as the media intentionally blocking out because
27:34
Speaker 7: I know there's been nine or ten accidents just in
27:39
Speaker 7: the last year on illegals that can't even speak English,
27:43
Speaker 7: who have killed at least a half a dozen people,
27:49
Speaker 7: at least a half a dozen people. I know that
27:53
Speaker 7: one accident was that they killed five people in one accident.
27:56
Speaker 7: These trucks when they go and I can tell you
27:59
Speaker 7: I live up in New Hampshire and I was actually
28:02
Speaker 7: retired military but it was required to keep a CDL.
28:06
Speaker 7: But anyhow, I know up here in New Hampshire there
28:10
Speaker 7: was a horrific accident from an illegal immigrant. He was
28:14
Speaker 7: from Ubekistan. He was actually Ubekistan and he crossed over
28:19
Speaker 7: the line and he killed seven motorcyclists that was going
28:23
Speaker 7: on a hit him head on and just filled them over.
28:27
Speaker 7: And also the illegal immigrant.
28:30
Speaker 3: How long ago was that?
28:31
Speaker 6: Was?
28:31
Speaker 3: That? Is that that one from about five or more
28:35
Speaker 3: years ago? Was this reason twenty two? Okay?
28:40
Speaker 7: Yeah, and and and you know he actually got off
28:46
Speaker 7: because they originally thought that he was drunk and they
28:52
Speaker 7: found out he wasn't. But as far as him driving
28:56
Speaker 7: a semi or he actually had a say long bed
29:01
Speaker 7: and but they actually dropped that charge and he did
29:06
Speaker 7: do some time, but that's not the point. Who gave
29:09
Speaker 7: them more?
29:11
Speaker 3: Who gave him the driver's license in the first place?
29:13
Speaker 3: And why did he get on the highway.
29:15
Speaker 7: Licensed in the first license? What the deal?
29:18
Speaker 3: Wash?
29:19
Speaker 9: You know?
29:19
Speaker 6: Wow?
29:20
Speaker 3: And we need to stay on this and I covered
29:23
Speaker 3: as often as I can, and Gary, I'm up against
29:25
Speaker 3: clock right here. We got to take a quick break.
29:28
Speaker 3: I really appreciate the phone call and don't be a stranger.
29:30
Speaker 3: A lot of great information and people people need to
29:33
Speaker 3: be aware of that, and people need to ask questions.
29:37
Speaker 3: You know, when there's an accident like that, when it
29:40
Speaker 3: hits the news, call your state rep, call your license bureau,
29:44
Speaker 3: call somebody in charge and say are we allowing this
29:47
Speaker 3: to happen in our jurisdiction? You know, be active, I mean,
29:51
Speaker 3: just don't sit by and complain about things. Do something
29:56
Speaker 3: anyway phone there was five one, three, seven, four, nine,
29:59
Speaker 3: fifty five, one hundred one, eight hundred eight two three
30:01
Speaker 3: talk one eight hundred A two three A two five,
30:04
Speaker 3: five pound, five point fifty AT and T wireless phone.
30:07
Speaker 3: Kevin Gordon in for Brian Thomas, fifty five KRC, the
30:11
Speaker 3: talk station.
30:12
Speaker 4: You're one see the talk station.
30:21
Speaker 3: Five fifty two in the morning. Kevin Gordon in for
30:23
Speaker 3: Brian Thomas, fifty five KRC, the talk station. Kind of
30:28
Speaker 3: a programming note for you. At the top of the hour,
30:30
Speaker 3: we're going to be talking with Phil Flynn. He is
30:32
Speaker 3: with the Price Futures Group, senior account executive, author of
30:37
Speaker 3: the Energy Report, the world's leading energy market analysts, and
30:42
Speaker 3: frequent can daily contributed to Fox Business News, Futures Magazine
30:46
Speaker 3: and so on. Well respected in the industry, and every
30:51
Speaker 3: day I read his report and he always has all
30:54
Speaker 3: this great insight, and he has his finger on the
30:56
Speaker 3: pulse of what's going on in the Middle East. In fact,
30:59
Speaker 3: I've seen things that he's mentioned that hasn't even been
31:02
Speaker 3: covered in the mainstream media. So looking forward to talking
31:05
Speaker 3: to him, honey, given an indication of what's going on,
31:09
Speaker 3: because we did have kind of an increase in oil
31:13
Speaker 3: prices over the last week, and of course we had
31:15
Speaker 3: the Consumer Price Index numbers yesterday that came through that
31:20
Speaker 3: were very good as a result of because of the ceasefire,
31:25
Speaker 3: oil prices coming down, then gasoline prices, and as I've
31:29
Speaker 3: mentioned before, when energy prices come down, that has a
31:35
Speaker 3: snowball effect throughout the economy because there isn't any industry
31:40
Speaker 3: out there. There isn't any business that doesn't rely on energy,
31:44
Speaker 3: whether it's electricity or natural gas or whatever. I wouldn't
31:48
Speaker 3: be on the air if we didn't have electricity. Here.
31:51
Speaker 3: You talk about not only the trucks out on the highway,
31:54
Speaker 3: but the machines and the manufacturing facilities and so on.
31:58
Speaker 3: Everything is energy related. So if your energy costs are up,
32:03
Speaker 3: those products that you manufacture are going to have to
32:07
Speaker 3: increase in price. If energy prices are up, the stuff
32:11
Speaker 3: that you sell in the convenience store, the retail store,
32:14
Speaker 3: clothing stores, sporting goods, etc. Are going to have to
32:17
Speaker 3: go up because that's part of your overhead and that
32:21
Speaker 3: will be reflected in your price. When those prices come down,
32:24
Speaker 3: then then your prices will come down. The shipping costs
32:28
Speaker 3: go down, the transportation costs go down, the final mile
32:33
Speaker 3: goes down, all these different things go down in terms
32:36
Speaker 3: of the pricing here, and we saw that effect one
32:39
Speaker 3: of the largest, as a matter of fact, one of
32:41
Speaker 3: the largest decreases in inflation since twenty twenty over the
32:47
Speaker 3: last six years, the lowest or the largest decrease in
32:54
Speaker 3: the consumer price index. And we'll talk about that probably
32:57
Speaker 3: later on in the program, but very good news yesterday
33:00
Speaker 3: from the Consumer Pricing Day, and there's a lot of
33:02
Speaker 3: things in there that were kind of just ridiculous that
33:05
Speaker 3: we're being talked about. We'll talk about that as well,
33:09
Speaker 3: but for right now top of the hour, Phil Flynn
33:11
Speaker 3: will join us. I'm Kevin Gordon in for Brian Thomas
33:14
Speaker 3: fifty five krc DE talk station.
33:18
Speaker 2: Celebrating two hundred and fifty years.
33:21
Speaker 3: I want to welcome back to the program Phil Flynn,
33:24
Speaker 3: a good friend of the Show of America's truck at
33:27
Speaker 3: Network and I've had him on here on on occasion,
33:30
Speaker 3: of course. Phil Flynn is a senior financial senior executive
33:35
Speaker 3: financial analysts with Price Futures Group. He is the author
33:39
Speaker 3: of the Energy Report, one of the world's leading energy
33:42
Speaker 3: market analysts. He has a daily contributor to Fox Business
33:45
Speaker 3: News and Futures Magazine. Welcome to the program, and welcome
33:48
Speaker 3: back to the program. Phil, certainly appreciate your time this morning.
33:52
Speaker 11: Well, it's great to be here, and it's a here
33:55
Speaker 11: of a day where we're seeing a lot of excitement
33:57
Speaker 11: here in the.
33:58
Speaker 3: Markets, right, Yeah, exactly. It looks you know, every morning
34:02
Speaker 3: I get up and I'm looking at the oil and
34:05
Speaker 3: then seeing it fluctuate throughout the day. And it seemed
34:09
Speaker 3: that yesterday things kind of calmed down a little bit
34:13
Speaker 3: after the what massive rise as a result of the
34:17
Speaker 3: end of the ceasefire that was kind of never really
34:20
Speaker 3: a ceasefire to extent and so on. Then of course
34:25
Speaker 3: some talk about naval blockade and twenty percent fee and
34:29
Speaker 3: so on. So where's what's your assessment of what's going on?
34:34
Speaker 11: Well, I think what President Trump has done, it's exposed
34:38
Speaker 11: the Iranium regime to the world as someone who can't
34:41
Speaker 11: be trusted. Right, And even today all the neighboring countries
34:46
Speaker 11: around Iran are calling on Iran and not ht off
34:49
Speaker 11: right because you know, their response to to Donald Trump
34:54
Speaker 11: and his efforts to stop them from becoming a you
34:59
Speaker 11: know terror group from the region, this attack everybody else.
35:02
Speaker 11: You know, the ship's going through the Straight of Hormuz,
35:06
Speaker 11: you know that have been attacked, have been in different
35:08
Speaker 11: countries Overnighties attacking Iran, shooting missiles at Jordan Rain. They're
35:13
Speaker 11: shooting missiles at anything they can hit, and they can't
35:16
Speaker 11: hit a lot right now, but they, you know, can
35:19
Speaker 11: get lucky once in a while. And this is just
35:21
Speaker 11: causing a lot of anger. So they're further isolating themselves
35:25
Speaker 11: in the short term though, right for oil prices and
35:28
Speaker 11: gasoline prices, it's raising that fear that this conflict's going
35:32
Speaker 11: to go on for a long period of time. It's
35:33
Speaker 11: going to keep prices up. But even with this recent
35:37
Speaker 11: price by it's a lot lower than the first night
35:40
Speaker 11: of the invasion, which had went crazy, right, And if
35:43
Speaker 11: you look at the big picture, right, things are kind
35:46
Speaker 11: of calming down a little bit. So I think that
35:49
Speaker 11: the market's confident that this is going to be short
35:51
Speaker 11: lived and gasoline prices will start coming back down again.
35:54
Speaker 3: Well that's good, that's great news, because we did get
35:56
Speaker 3: consumer price index information yesterday and it was great news
36:01
Speaker 3: and most and all of that was a result of
36:04
Speaker 3: energy prices, and you know, you've talked about on several
36:07
Speaker 3: occasions that have the importance of energy throughout the entire
36:10
Speaker 3: industry and every business that's out there involved it has
36:15
Speaker 3: is affected by energy prices. And so as those numbers
36:18
Speaker 3: come down, obviously, then the consumer price indecks will come
36:21
Speaker 3: down as well.
36:23
Speaker 11: It sure is, I mean. And the thing is is
36:26
Speaker 11: that the main cause of inflation, it's really government spending. Yea,
36:31
Speaker 11: bad taxes, you know, when the previous administration spent money
36:36
Speaker 11: like a drunken sailor. You know, you basically, you know,
36:39
Speaker 11: I don't want to offend any drunk taking out out
36:41
Speaker 11: there all the jumps. But you know, after that, uh,
36:45
Speaker 11: you know, we saw that inflation hit all time highs,
36:48
Speaker 11: and the market is sensitive to the upticks and energy prices.
36:53
Speaker 11: And the thing is right now, when we look at
36:55
Speaker 11: energy prices, a lot of it's being based on the
36:58
Speaker 11: motion and there are fears, real spirits out there. We've
37:01
Speaker 11: got rid of our strategic reserves. We've released them to
37:04
Speaker 11: keep the market well supplied. You know, we've seen reserves
37:08
Speaker 11: released around the world, but now we're already seeing countries
37:11
Speaker 11: with the workarounds around the strait of horror moods, and
37:14
Speaker 11: what's going to happen here is this is going to
37:18
Speaker 11: create a situation where Iran is not going to be
37:20
Speaker 11: able to hold the world hostage the where they are today.
37:23
Speaker 11: Countries are getting smart, They're building pipelines, are building alternatives,
37:27
Speaker 11: so this type of situation never happens again in the future,
37:30
Speaker 11: and that's going to be a positive for the global economy.
37:33
Speaker 3: Well, you had pointed out that there for the last
37:37
Speaker 3: forty seven years there has been this terror risk premium
37:43
Speaker 3: that nobody talks about that has kind of been baked
37:47
Speaker 3: into oil prices to begin with, because we have seen
37:50
Speaker 3: disruptions ever since the Islamic Revolution back in nineteen seventy
37:57
Speaker 3: nine that where they claim at that point that they
38:01
Speaker 3: controlled the Strait of horror moves. They have harassed ships
38:04
Speaker 3: throughout the years doing that Iran Iraq war. They tried
38:08
Speaker 3: to close down the ship the straight one hundred and
38:12
Speaker 3: sixty eight different attacks. So there's always been this uh,
38:16
Speaker 3: you know, threaten of attack, threatning of shutting down that
38:19
Speaker 3: has already baked into that as well as the disruption
38:22
Speaker 3: in the Middle East.
38:24
Speaker 11: It sure is, you know, and I explained it to people,
38:26
Speaker 11: it's just like you know, insurance risk premium, right, because
38:30
Speaker 11: you have to ensure these ships going through the strait
38:32
Speaker 11: of horror moves, right, and if they know there's a
38:34
Speaker 11: bad actor out there, they're going to want to charge
38:36
Speaker 11: more because the risk is higher, you know, it's implied risk.
38:40
Speaker 11: And because of the way Iran has been over the
38:43
Speaker 11: years that it's added to the cost of oil, not
38:46
Speaker 11: to mention just the insurance costs, but all the terror
38:51
Speaker 11: actions that they've taken across across the region that's added
38:55
Speaker 11: to this, right, the support of the you know, Hama,
38:58
Speaker 11: support of the Hoo, the rebel who the rebels of course,
39:02
Speaker 11: you know, even during this conflict tried to shoot some
39:05
Speaker 11: missiles at Saudi Arabia. So you know, these bad actors
39:08
Speaker 11: are all being bought and paid for by the Iranian regime.
39:12
Speaker 11: And because of that, it disrupts the global economy. It
39:15
Speaker 11: costs us all more money. And that's why it will
39:18
Speaker 11: be such a good thing if we can get Iran,
39:21
Speaker 11: you know, out of the terror business, uh, you know,
39:23
Speaker 11: and that's going to be a real win for the
39:25
Speaker 11: global economy.
39:26
Speaker 3: Absolutely. My guest is Phil Flynn's senior account executive with
39:30
Speaker 3: Price Futures Group, and we have talked several times about
39:35
Speaker 3: this cancer in the Middle East, the threats that they
39:38
Speaker 3: have done. And I mean what as you pointed out
39:43
Speaker 3: that apparently Iran doesn't understand the meaning of cease fire,
39:47
Speaker 3: that he sees fire means that you cease firing, and
39:52
Speaker 3: they really never did, right.
39:55
Speaker 11: Yeah, maybe maybe they have a different word for it
39:57
Speaker 11: in the in their in their country, but yeah, I mean,
40:00
Speaker 11: these fire was was not meant. You know, the deal
40:03
Speaker 11: was the Straight of Horn Moves was open. Anybody could
40:06
Speaker 11: you know, go through it. And they decided, well, yeah,
40:08
Speaker 11: yeah it's open, but you know, we want them to
40:12
Speaker 11: check with us first, or we're going to fire on them.
40:14
Speaker 11: I mean, that's not a cease fire. You know that
40:17
Speaker 11: that is holding the straight hostage, right and holding the
40:21
Speaker 11: world hostage. And I think they're trying to do that
40:25
Speaker 11: to stay relevant. Their military has been decimated and even
40:30
Speaker 11: with these recent attacks, even though they're very disturbing and dangerous,
40:35
Speaker 11: you know, in the scheme of things, sadly, you know,
40:38
Speaker 11: from a military standpoint, it's pathetic, right, you know, they're
40:42
Speaker 11: flying off missiles at every anything they can hit. You know,
40:45
Speaker 11: that's not a winning strategy.
40:47
Speaker 3: Over the long or whether they could hit it or
40:48
Speaker 3: not give them a chance. You know, it's almost like
40:53
Speaker 3: that the people around that see the rockets or the
40:57
Speaker 3: missiles or the drones being sent off, the leadership knows
41:02
Speaker 3: that those are going to be shot down and that
41:04
Speaker 3: they're not going to hit any targets. But at least
41:07
Speaker 3: they can show to their people say, look what we
41:09
Speaker 3: did yesterday. You see all those being fired off, and
41:12
Speaker 3: we've got the pictures to prove it, and all that
41:14
Speaker 3: sort of stuff, knowing full well that they're and as
41:17
Speaker 3: you mentioned, they could get lucky once in a while
41:20
Speaker 3: and maybe hit something, but they have been very ineffective
41:24
Speaker 3: in any of the firing of the violations of the
41:27
Speaker 3: ceasefire that they've done up to this point. Fingers crossed.
41:32
Speaker 11: No, you're absolutely right, You're absolutely right. And listen, I
41:35
Speaker 11: mean when we look at the impact on the economy, Yeah,
41:39
Speaker 11: oil prices are going to go up. Yes, ships are
41:41
Speaker 11: afraid to go through now because they could get lucky
41:44
Speaker 11: and hit a ship.
41:45
Speaker 7: Right.
41:46
Speaker 11: They've hit a couple right, right, and so it makes
41:49
Speaker 11: people scared, and that's what they want. That's what terrorists do.
41:53
Speaker 11: Make everybody scared, right, you know, and it's not you know,
41:57
Speaker 11: I would imagine that the US military could probably get
42:00
Speaker 11: you know, ninety percent of the ships through the strait
42:02
Speaker 11: of removes, you know, through safely, right, But it's you know,
42:05
Speaker 11: it's that other percentage that is causing that fear. And
42:09
Speaker 11: that's what terrorists do, right, you know, cause enough fear
42:12
Speaker 11: that you know that that that locks everybody and locks
42:15
Speaker 11: the global economy, why so they can keep their pathetic
42:18
Speaker 11: regime alive. I mean what is their pathetic regime good for?
42:22
Speaker 7: Right?
42:22
Speaker 11: I mean what have they done for their own people?
42:24
Speaker 11: Their economies and shambles? You know, their inflation is through
42:27
Speaker 11: the roof, you know, you know, what are they good for?
42:30
Speaker 11: I mean you got to ask what is Iran's endgame?
42:32
Speaker 11: And that's you know, their endgame is you know, you know,
42:37
Speaker 11: some kind of thing that is beyond description. And that's
42:40
Speaker 11: why it's so important that these guys don't get a
42:43
Speaker 11: nuclear weapon. And I think they're proven why it's so
42:46
Speaker 11: important that they don't get one.
42:47
Speaker 3: Yeah, And what kind of a military strategy is it
42:51
Speaker 3: that if you get attacked, you attack your neighbor and
42:54
Speaker 3: hoping that the neighbor gets upset at the person that
42:57
Speaker 3: attacked you or attack them, And so I think they
43:02
Speaker 3: were pretty shocked at Saudi Arabia cutter and all of
43:06
Speaker 3: them said, hey, why are you shooting at us? We
43:09
Speaker 3: aren't involved, And so now we're upset with you. We're
43:12
Speaker 3: not going to join you. We're going to join the
43:15
Speaker 3: other side to destroy you. And and these are all
43:18
Speaker 3: part of OPEC and OPEC plus. And you're sharing a
43:23
Speaker 3: committee or a group with people that are nuts.
43:28
Speaker 11: It's exactly right. And listen, even even Iran's traditional allies
43:33
Speaker 11: are are you sick of this?
43:36
Speaker 3: Right?
43:36
Speaker 11: China, they're so dependent on the straight of horror moves
43:41
Speaker 11: that they built up the biggest strategic patroleum reserve in
43:43
Speaker 11: the history of the world because they saw that this
43:45
Speaker 11: could happen someday. But they don't want this to go on.
43:48
Speaker 11: They need that straight of horror moves. China's also upset
43:51
Speaker 11: because to realize that when this war is over, the
43:54
Speaker 11: United States is going to be the guardian of the
43:57
Speaker 11: straight of horror moves. Right, they know that the US
43:59
Speaker 11: is going to win. That means that the United States
44:02
Speaker 11: is going to have more power over China's economy, right,
44:06
Speaker 11: because we can control we can only oiled coin to China,
44:09
Speaker 11: So that's going to make them feel more vulnerable right
44:13
Speaker 11: about this. So yeah, I mean this is you know,
44:17
Speaker 11: at the end of the day, when this is over
44:20
Speaker 11: and the United States will win, we're going to be
44:22
Speaker 11: the most powerful energy producer in the history of the world.
44:26
Speaker 3: And we need to we need to explore that a
44:28
Speaker 3: little bit more. Hey, can you hang with us through
44:30
Speaker 3: the break and then come back and finish up, because
44:33
Speaker 3: that is an important point that we are going to
44:35
Speaker 3: emerge from this and we have emerged so far, and
44:38
Speaker 3: you pointed that out in your Energy report yesterday, how
44:41
Speaker 3: dominant we have become, and that is some great news.
44:44
Speaker 3: So I will pick up our conversation with Phil Flynn,
44:47
Speaker 3: senior market analysts with Price Futures Group and a world's
44:50
Speaker 3: leading energy market analyst. Continue our conversation with Phil Flynn,
44:55
Speaker 3: senior analysts to senior market analysts with Price Futures Group,
45:00
Speaker 3: leading economic market analysts, and a daily contributor to Fox Businesses. Again,
45:07
Speaker 3: thank you so much, Phil for hanging with us through
45:09
Speaker 3: the break. Certainly appreciate it.
45:11
Speaker 11: I appreciate being here and I always enjoy being then
45:16
Speaker 11: with you. Kevin has always a lot of.
45:18
Speaker 3: Fun, always enjoy.
45:19
Speaker 11: We get in trouble only once in a while, guys, Yeah,
45:23
Speaker 11: get kicked yet not yet.
45:25
Speaker 3: Yeah, that's the important part right there, Not yet, and
45:28
Speaker 3: we're going to try to do that. But now, Yeah,
45:31
Speaker 3: at the end of the previous segment, we talked about
45:34
Speaker 3: America emerging is dominant, and this has been something that
45:38
Speaker 3: I think Donald Trump has been trying to do beginning
45:42
Speaker 3: with his first term, kind of away from what the
45:46
Speaker 3: as you know, we've talked about the climbiness would like
45:49
Speaker 3: in terms of the green news, steel and everything. But
45:53
Speaker 3: the purpose of the United States being the number one
45:57
Speaker 3: dominant in the oil sector and in the energy markets
46:01
Speaker 3: has been a as a real powerhouse, and as you
46:04
Speaker 3: mentioned how that's going to affect China going forward.
46:08
Speaker 11: It really is. I mean, this isn't just about energy.
46:11
Speaker 11: I mean, this is about our economic future. Right. We
46:14
Speaker 11: know that the future is artificial intelligence data centers. Right,
46:18
Speaker 11: that's going to power the future, that's going to power
46:21
Speaker 11: our children's futures, our grand children's futures. And the only
46:25
Speaker 11: way to achieve that is energy dominance. And I think,
46:28
Speaker 11: you know, it reminds me that old game Stratigo, right
46:31
Speaker 11: where you know, you kind of dominate the world. We
46:33
Speaker 11: need roll the dice, you know. I think Donald Trump, Uh,
46:37
Speaker 11: you know, so many people look at this short sighted. Oh,
46:39
Speaker 11: gas rights are they're going up for a few days,
46:41
Speaker 11: and oh my gosh, all the end of the world.
46:43
Speaker 11: Inflation's up. We got to worry about the midterms. But
46:45
Speaker 11: if you step back and you look at the big picture,
46:48
Speaker 11: winning this war with Iran means we have won the
46:52
Speaker 11: global energy race. It puts us in the driver's seat
46:55
Speaker 11: for the economy of the future. We're going to not
46:58
Speaker 11: only be the world's largest producer, we're going to be
47:01
Speaker 11: the largest exporter. We're going to be the country that
47:05
Speaker 11: calls the shots right when it comes to energy. Right,
47:08
Speaker 11: no other country on the Earth is going to be
47:10
Speaker 11: able to hold us hostage ever again when it comes
47:13
Speaker 11: to energy supplies in our future. So when China says, hey,
47:17
Speaker 11: we're not going to give you rare earth minerals, it's like, hey, okay, fine,
47:20
Speaker 11: we'll just cut off your energy supplies and we'll see
47:22
Speaker 11: how long you last. So it's a very important strategic thing.
47:26
Speaker 11: It also means we're going to probably end you know,
47:31
Speaker 11: end up in a more peaceful world.
47:32
Speaker 7: Right.
47:33
Speaker 11: I think this is galvanized the Middle East. It's brought
47:36
Speaker 11: them closer together. They realize, you know that this you know,
47:39
Speaker 11: we want a way Israel off the face of the map.
47:42
Speaker 11: Thing is isn't a winning strategy. I think you can
47:46
Speaker 11: get the Abraham Accords put together. You can get a
47:49
Speaker 11: peaceful Middle East. And listen, I think you know, Donald
47:52
Speaker 11: Trump doesn't like war. He doesn't like war, but you know,
47:56
Speaker 11: he tries to give everybody out. He's given Iran chance
47:59
Speaker 11: after chance to come to the table, right you know,
48:01
Speaker 11: uh remember in the sixties it was make love, not war.
48:04
Speaker 11: I think you know, I think Donald Trump is like,
48:08
Speaker 11: let's do business not war.
48:09
Speaker 3: Yeah, Let's make money not war.
48:12
Speaker 11: Yeah right, you know, not good. It costs a lot
48:15
Speaker 11: of money. You know. I would much rather you know,
48:17
Speaker 11: do business and cut deals, you know, with anybody, and
48:21
Speaker 11: just you know, let's compete that way instead of this
48:25
Speaker 11: this war, which is just you know, nobody wins wars
48:28
Speaker 11: over the long run.
48:29
Speaker 3: Well, you touched on the Abraham Accords, and I think
48:32
Speaker 3: that is very important from the standpoint that you know,
48:35
Speaker 3: I think in the Middle East, a lot of the
48:37
Speaker 3: countries has gotten the message that hey, war is not
48:41
Speaker 3: a winning strategy. You can make a lot more money
48:44
Speaker 3: if you all cooperate and and produce going forward and
48:50
Speaker 3: supply whatever you can supply as far as your energy.
48:53
Speaker 3: But what is interesting too is that with OPEC and
48:58
Speaker 3: OPECK plus there seems to be a fracture there because
49:02
Speaker 3: of the quotas that have been given and a lot
49:06
Speaker 3: of these countries can actually produce more and they figure
49:10
Speaker 3: that well, of Saudi Arabia is kind of dominating what
49:14
Speaker 3: the production levels are. We are paying a penalty for that.
49:18
Speaker 3: And as we saw UAE drop out, and it's possible
49:22
Speaker 3: that there's going to be a lot of other people dropping.
49:24
Speaker 11: Out, correct, absolutely. I mean listen, OPEK used to be
49:29
Speaker 11: the major powerhouse in the world, right. The United States
49:32
Speaker 11: used to be on pins and needles. What is OPEC
49:34
Speaker 11: going to do? Where they going to cut off our supply?
49:36
Speaker 11: You know? Are they going to make our gasoline prices
49:38
Speaker 11: go up? And it gave them this power right to cartel, right,
49:42
Speaker 11: and we saw that during the Arab oil embargo when
49:44
Speaker 11: we had gas lines and everything else. But now, of
49:48
Speaker 11: course we're finding that this war with Iran is shuffling
49:52
Speaker 11: the power deck, right, and there's countries within the cartel
49:56
Speaker 11: like the United arab that they don't want to play
49:59
Speaker 11: second fit to Saudi Arabia. They don't want to be
50:02
Speaker 11: part of the group anymore. They want to make their
50:04
Speaker 11: own way, you know, into the free markets. And I
50:07
Speaker 11: think that's a good thing. Right. Iraq now is also
50:11
Speaker 11: cutting deals with President Trump. Believe it or not, President
50:15
Speaker 11: Trump in their threatning to leave Opek. So Opek could
50:19
Speaker 11: turn out to be a paper tiger, and the new
50:22
Speaker 11: tiger is the United States when it comes to energy.
50:27
Speaker 11: So basically we have neutralized one of the biggest threats
50:30
Speaker 11: to our economy, you know, since the nineteen seventies, and
50:33
Speaker 11: that was Opek, right, and now we are the tiger.
50:37
Speaker 3: Which is great. My guess is Phil Flynn, senior analyst
50:41
Speaker 3: with a Price Futures group now also strategically in this
50:46
Speaker 3: and going back briefly to UAE, they have increased their production.
50:52
Speaker 3: Did I see that they were had increased their production
50:56
Speaker 3: their quota or what their quota was, and what they're
50:59
Speaker 3: producing now eighty percent higher.
51:03
Speaker 11: It is absolutely and I'll tell you over time, I
51:06
Speaker 11: think they want to be one of the biggest producers,
51:09
Speaker 11: you know, in the world. So that means that they're
51:12
Speaker 11: going to try to challenge Saudi Arabia. That means another
51:15
Speaker 11: major producer, but they have ways to go to catch
51:18
Speaker 11: up with Saudi Arabia and the United States, and both
51:21
Speaker 11: of those countries have a long way to go. I mean,
51:23
Speaker 11: we're producing in the United States thirteen point six million
51:27
Speaker 11: barrels of boil a day. You know, if you ask
51:30
Speaker 11: people that ten years ago, they would have said, you
51:32
Speaker 11: were crazy that the United States could produce We.
51:35
Speaker 3: We're down around ten million then, weren't We're thereabout Oh
51:38
Speaker 3: I think we.
51:38
Speaker 11: Were below that at one point. Yeah, every yeah, things
51:42
Speaker 11: were I think we're eight ors, you know, eight million.
51:44
Speaker 11: At one time, it was pretty pathetic. We thought, oh
51:47
Speaker 11: my gosh, we're going to run out of oil and
51:49
Speaker 11: you know, the world's going to come to an end.
51:50
Speaker 11: But you know, us technology, ingenuity, the shell revolution that's
51:55
Speaker 11: changed everything, and I you know, I think we're going
51:58
Speaker 11: to be producing over fourteen million barrels of oil a
52:01
Speaker 11: day very shortly.
52:02
Speaker 3: That's incredible. And part of the strategicy as well is
52:06
Speaker 3: how Trump has neutralized some of the allies here on
52:10
Speaker 3: the Western hemisphere. A lot of people you talk about it,
52:15
Speaker 3: a lot of how neutralizing Venezuela from being deal or
52:21
Speaker 3: being the supplier of China and their oil to where
52:26
Speaker 3: now the people when we took out Maduro, they were saying, well,
52:30
Speaker 3: it'll be years before they're upping their production. They were
52:33
Speaker 3: down under a million barrels per day. And with Chevron
52:37
Speaker 3: and the other companies in there and the ingenuity, they're
52:41
Speaker 3: up to what one point three one point four million
52:45
Speaker 3: barrels per day? And then that adds to the world
52:49
Speaker 3: or the Western dominance as far as oil is concerned.
52:53
Speaker 11: It true does and listen, I mean that's that's what
52:56
Speaker 11: I love about the pessimis right. And even big oil
52:59
Speaker 11: companies when Donald Trump's you know, went into Venezuela, everybody's like, okay,
53:03
Speaker 11: what now, it's you know, it's too dangerous to go
53:06
Speaker 11: in there. They have these you know, current tels. How
53:08
Speaker 11: can we do it? It'll take years? And the big
53:10
Speaker 11: oil company said, now, I don't think I want to
53:13
Speaker 11: go right, But then of course the smaller oil companies
53:16
Speaker 11: are like, this is an opportunity of a lifetime. Okay,
53:19
Speaker 11: if you big oil companies don't want to go in there,
53:21
Speaker 11: were they were knocking down the doors to get down
53:24
Speaker 11: there and then all of a sudden they realized that
53:26
Speaker 11: Donald Trump's strategy was working. And now the big oil
53:29
Speaker 11: guys are wait a second, on second thought, We're ready.
53:33
Speaker 11: We want to come in, but it can we can
53:35
Speaker 11: we come in? Yeah, of course if I knew by
53:40
Speaker 11: the way a little bit. Hey, listening and listen and
53:45
Speaker 11: listen and listen. There's still going to be listening challenges
53:48
Speaker 11: in in you know. I mean Keelsey Rodriguez, who is
53:52
Speaker 11: the current president. You know, she was part of the
53:56
Speaker 11: old regime, you know, so she's still a person we
53:59
Speaker 11: have to be careful with, right, And it's not the
54:01
Speaker 11: ideal person you want to deal with, right, But I
54:04
Speaker 11: think Donald Trump, in his own way, has been able
54:08
Speaker 11: to work with. You know, not everybody in the world
54:10
Speaker 11: is perfect. I mean, not everybody can be Kevin Gordon
54:12
Speaker 11: right or.
54:13
Speaker 3: Phil Flynn exactly.
54:15
Speaker 11: People have issues, right, and Donald Trump realizes that we
54:19
Speaker 11: can't change everybody in the world. Sometimes we have to
54:21
Speaker 11: deal with the devil we deal with, but we have
54:23
Speaker 11: to do it in a way of strength, a way
54:26
Speaker 11: where we control the purse strings with what and that's
54:29
Speaker 11: what we're doing with the Venezuelan oil, and that usually
54:32
Speaker 11: keeps people in lines. You know, when dictators know that
54:35
Speaker 11: their paycheck is coming from the United States, they're like,
54:37
Speaker 11: I think I'll behave for a while.
54:39
Speaker 3: Yeah, there you go. Great information, Phil, and I certainly appreciate.
54:43
Speaker 3: I always enjoy your insight and it's it's always great.
54:45
Speaker 3: I always learned something new from talking to you and
54:48
Speaker 3: especially reading your energy report. Certainly appreciate it.
54:52
Speaker 11: Thank you, sir.
54:52
Speaker 3: My guest has been Phil Flynn, Senior account executive Price
54:56
Speaker 3: Futures Group, and is a daily contributor to Fox Businessiness News.
55:01
Speaker 3: Thank you so much for being with us.
55:02
Speaker 4: See the talk Station.
55:17
Speaker 3: Six thirty nine in the morning, Kevin Gordon in for
55:19
Speaker 3: Brian Thomas, fifty five krs The Talk Station kind of
55:23
Speaker 3: a little side note, kind of a tail on to
55:26
Speaker 3: our dovetail with what Chuck Ingram was talking about. I
55:30
Speaker 3: know people have heard me talk about my involvement in
55:35
Speaker 3: twenty twenty thirteen when they were trying to pass legislation
55:40
Speaker 3: that would have led to in this Kentucky House and
55:43
Speaker 3: Senate that would have led to tolls on a companion
55:47
Speaker 3: bridge across the Ohio River. And we fought that, we
55:51
Speaker 3: fought the lobbyist on that, and we got that bill killed,
55:58
Speaker 3: and we finally held out to the point where this
56:01
Speaker 3: infrastructure bill that was passed during Biden there was funding
56:05
Speaker 3: available for this. Now, again, as I've talked about in
56:09
Speaker 3: the past, that the original highway funds were done and
56:14
Speaker 3: were paid for ninety percent by the federal government because
56:18
Speaker 3: it was for defense purposes originally. And so I don't
56:22
Speaker 3: understand when people are saying that, well, states need to
56:25
Speaker 3: pay for this, that they need to pay for it themselves,
56:28
Speaker 3: that there's not enough money in the Highway Trust. Well,
56:30
Speaker 3: we can talk about that a lot, but that accident
56:32
Speaker 3: that they talked about was this rollover. One of the
56:35
Speaker 3: things and I don't understand why the state of Kentucky
56:39
Speaker 3: doesn't do this, is that how many times have you
56:42
Speaker 3: been out driving and you come up on the sign
56:46
Speaker 3: on either the right or left side and it has
56:49
Speaker 3: whatever exit's coming up, and they have that yellow sign
56:53
Speaker 3: underneath it that says exit three miles. And then if
56:57
Speaker 3: you notice when that sign is there, people get over. Now,
57:03
Speaker 3: when you come to the Brent Spence Bridge, there are
57:06
Speaker 3: two ways to go. You need to be over the
57:09
Speaker 3: left lane to go to seventy five, the right lane
57:11
Speaker 3: to go to seventy one. I actually did an editorial
57:15
Speaker 3: letter to the editor through the Inquirer back in the
57:19
Speaker 3: day and said, why isn't there any signage three miles
57:23
Speaker 3: back as to what lane you need to be in?
57:26
Speaker 3: There should be a sign that says exit only three
57:30
Speaker 3: miles away for I seventy five, three miles away for
57:35
Speaker 3: Ice seventy one. But the first time you see coming
57:39
Speaker 3: down the hill, the cut in the hill, what lane
57:42
Speaker 3: you have to be in in order to cross the
57:45
Speaker 3: bridge and which way you're going to go, and you
57:47
Speaker 3: look up and the radison is right off to your
57:49
Speaker 3: right hand side. When you see in this accident this morning,
57:54
Speaker 3: right before the Brent Spence Bridge, people coming down the hill.
57:59
Speaker 3: All it takes is for one person to be out
58:01
Speaker 3: of town that doesn't understand or doesn't know where it is,
58:06
Speaker 3: and they see that sign and they immediately if they're
58:09
Speaker 3: in the left lane, figure I got to be over
58:10
Speaker 3: in the right lane right now. If you're in the
58:13
Speaker 3: right lane and you need to be in the left lane,
58:15
Speaker 3: they go over right now. That is where the majority
58:18
Speaker 3: of the accidents handle or happen. I don't understand why
58:23
Speaker 3: there isn't signage three miles back that says exit only,
58:29
Speaker 3: I seventy five left lane, exit only I seventy one
58:34
Speaker 3: right lane. It just boggles my mind. And of course
58:38
Speaker 3: it's not the only time my mind has been boggled
58:41
Speaker 3: by some of the stuff that our governmental agencies do,
58:45
Speaker 3: and that would eliminate I think ninety some percent of
58:50
Speaker 3: those accidents, because they always talk about how and one
58:54
Speaker 3: of the talking points back in the day was how
58:57
Speaker 3: dangerous the brent Spence Bridge was because of the number
58:59
Speaker 3: of accidents. We got the accident statistics, and most of
59:03
Speaker 3: the accidents were on either side of the bridge approaching
59:08
Speaker 3: the bridge, not on the bridge itself. So again maybe
59:13
Speaker 3: some people, if anybody's listening and wants to talk to
59:17
Speaker 3: District six and say, hey, what the heck's wrong with
59:20
Speaker 3: you people, maybe you can do that. So anyway, interesting
59:25
Speaker 3: stuff going on that it never ceases to amaze me
59:28
Speaker 3: how much of how complicated governmental agencies will do in
59:33
Speaker 3: order to make certain things happen, and it's just absolutely amazing.
59:39
Speaker 3: So anyway, still having phone issues here. I don't know
59:42
Speaker 3: if you could hear that in the background, but it's
59:44
Speaker 3: kind of weird. You normally don't hear the phone ringing
59:47
Speaker 3: here in the studio, so one of the you know,
59:50
Speaker 3: one of those things that you get to see when
59:52
Speaker 3: you're talking about live radio. By the way, phone numbers
59:56
Speaker 3: five one, three, seven, nine, fifty eight hundred eight two
59:59
Speaker 3: three three eight two five five pound, five point fifty
1:00:03
Speaker 3: at and T wireless phone. Let's get to the phones
1:00:06
Speaker 3: real quick and talk to Jim. Jim fifty five Carosie,
1:00:08
Speaker 3: how are you this morning? Thanks for calling in.
1:00:11
Speaker 7: I'm fine, Thank you. I have to come down there
1:00:14
Speaker 7: every day, and the problem is not so much trying
1:00:18
Speaker 7: to get over. I think the signing is just pretty clear.
1:00:20
Speaker 7: When when I get off on seventy five south down
1:00:25
Speaker 7: from seventy four. The problem is line jumpers, and these
1:00:30
Speaker 7: morons block the third lane from the from the right
1:00:35
Speaker 7: trying to get ahead of everybody trying because sometimes it's
1:00:39
Speaker 7: two and a half three miles backed up right trying
1:00:43
Speaker 7: to get across the bridge. And these people run up
1:00:45
Speaker 7: there and they block the left two lanes because they
1:00:47
Speaker 7: want to get ahead of the whare.
1:00:48
Speaker 3: Else, Yeah, And then they come up to a stop
1:00:50
Speaker 3: while they're trying to merge over in the right lane.
1:00:52
Speaker 3: I see that whenever I go over to the Liberty
1:00:56
Speaker 3: and Dalton Post Office trying to get back on the
1:00:59
Speaker 3: Free Way there and head over to Northern Kentucky. You know,
1:01:02
Speaker 3: you've got to cross all all of those lanes in
1:01:05
Speaker 3: order to get to the park that gets over into
1:01:07
Speaker 3: the Fort Washington Way. So sometimes that can be a
1:01:10
Speaker 3: real nightmare.
1:01:11
Speaker 7: That that's a nightmare. I used to work down there
1:01:13
Speaker 7: at Dalton Avenue and trying to get that, you know,
1:01:17
Speaker 7: you across three lanes to get onto Fort Washington. That
1:01:21
Speaker 7: could be it's a nightmare exactly now, but it's not.
1:01:25
Speaker 7: It's not really that the signings is the problem. This
1:01:28
Speaker 7: is the people that think I'm more important.
1:01:31
Speaker 3: Everybody else, you bet you now part of the uh
1:01:33
Speaker 3: that that is kind of an idea from an entire
1:01:37
Speaker 3: way of going about things of you know, a kind
1:01:42
Speaker 3: of philosophy of light stay in your lane. Yeah, thanks
1:01:49
Speaker 3: very much.
1:01:49
Speaker 7: But we can stop a lot of this problems that
1:01:52
Speaker 7: we just put a barrier between those the middle to
1:01:56
Speaker 7: the middle.
1:01:58
Speaker 3: Yeah, then you cause a few more acts. Well, Jim,
1:02:00
Speaker 3: thanks so much for calling. I certainly appreciate it. Uh
1:02:03
Speaker 3: five one three seven four nine fifty five one eight
1:02:06
Speaker 3: hundred eight two three a two five five pound, five
1:02:09
Speaker 3: fifty at and T wireless phone. Kevin Gordon in for
1:02:12
Speaker 3: Brian Thomas, fifty five KRC, The Talk Station. If you're
1:02:15
Speaker 3: the one dealing with joint pain, you know the hit
1:02:17
Speaker 3: pay knee paying back six fifty in the morning. Kevin
1:02:25
Speaker 3: Gordon in for Brian Thomas, fifty five KRS, The Talk Station.
1:02:29
Speaker 3: I believe there was a Richard online that somehow I
1:02:33
Speaker 3: managed to disconnect them during the break, and I apologize
1:02:37
Speaker 3: for that. So call back if you get a chance.
1:02:40
Speaker 3: Let's get to the phones right now and talk to
1:02:42
Speaker 3: Maureen Marene. Fifty five KRC. How are you this morning?
1:02:45
Speaker 3: Thanks for calling.
1:02:47
Speaker 12: Good morning, Kevin. That was a great interview that you
1:02:50
Speaker 12: just had with Phil Flynn, the market analyst. I thought
1:02:53
Speaker 12: he did a really great job of talking about how
1:02:56
Speaker 12: we will emerge as energy dominant at the end of
1:02:59
Speaker 12: this and I think that ties to a recent interview
1:03:02
Speaker 12: where Trump was talking about Yeah, this is a quote.
1:03:05
Speaker 12: It said all countries will have fair and open use
1:03:07
Speaker 12: of the strait except where I ran and customers that
1:03:10
Speaker 12: I ran. And I think that's interesting because eighty five
1:03:13
Speaker 12: percent of Irenian oil is purchased by China, and therefore
1:03:18
Speaker 12: Willis's Dustin becoming energy dominant as he spoke. But another
1:03:22
Speaker 12: thing related to China. I think President Trump is kind
1:03:26
Speaker 12: of getting ready to expose how China played a major
1:03:30
Speaker 12: role in our elections in twenty twenty and his speech
1:03:33
Speaker 12: tomorrow night at nine o'clock. And I don't know if
1:03:36
Speaker 12: you've covered this part of that earlier this morning, because
1:03:39
Speaker 12: I wasn't able.
1:03:39
Speaker 3: To to ye, I just mentioned. I'm sorry, I just mentioned
1:03:42
Speaker 3: that he was going to be speaking tomorrow night. I've
1:03:44
Speaker 3: been hearing some hints about what it was going to be,
1:03:47
Speaker 3: but you're kind of confirming that a little bit for us.
1:03:51
Speaker 12: Yeah, there were two articles. One was it The title
1:03:54
Speaker 12: was Trump confirms his speech on Thursday will be about
1:03:57
Speaker 12: elections amid reports of bombshell foreign interference will be revealed.
1:04:03
Speaker 12: And the other one is he's about to declare a
1:04:05
Speaker 12: national security emergency for elections. So as far as the
1:04:09
Speaker 12: Save Act goes, if that were to pass now, it
1:04:12
Speaker 12: would be held up in courts, through appeals and then
1:04:14
Speaker 12: onto the Supreme Court. And who knows how they would
1:04:16
Speaker 12: vote based on their recent things with birthrate citizenship and
1:04:21
Speaker 12: post election ballot counting and that kind of thing. But
1:04:24
Speaker 12: what's interesting now is people need to be. I think
1:04:27
Speaker 12: with this beach tomorrow night at nine is going to
1:04:30
Speaker 12: be so historic and it's going to be about allies
1:04:33
Speaker 12: on Georgia with Fulton County, Georgia. There are two hundred
1:04:38
Speaker 12: agents there right now at their records warehouse and they
1:04:42
Speaker 12: are looking into the documents, phones and computers that was
1:04:45
Speaker 12: on Fox that they have collected those things related to
1:04:48
Speaker 12: the twenty twenty election. And it may come out that
1:04:52
Speaker 12: Senators Raphael Warnick and John Osof could be declared illegitimate
1:04:58
Speaker 12: senators because of the own ballot.
1:05:01
Speaker 3: That would be very interesting. I don't know how they
1:05:03
Speaker 3: would pull that off. If I may ask, you sound
1:05:07
Speaker 3: as though that you are a spokesperson or that you
1:05:10
Speaker 3: are very well aware of a lot of this stuff.
1:05:13
Speaker 3: May I ask about that.
1:05:17
Speaker 12: I've I've pretty much been assessed with the test or
1:05:20
Speaker 12: the front.
1:05:21
Speaker 3: Okay, you're not working for anybody in particular, because you've
1:05:25
Speaker 3: got great information, and if that's I'd like to have
1:05:27
Speaker 3: you on as a guest sometime in the future. But again,
1:05:30
Speaker 3: I appreciate your information. But I agree with you that
1:05:33
Speaker 3: election in twenty twenty it did not pass the smell
1:05:37
Speaker 3: test at all. The way the stopping of the counting
1:05:41
Speaker 3: at ten o'clock at night, and then you look at
1:05:45
Speaker 3: the just the sheer numbers involved, and to think that
1:05:49
Speaker 3: Joe Biden actually got more, what thirteen fifteen million more
1:05:54
Speaker 3: votes that Barack Obama did, I'm sorry, I'm not buying it.
1:06:01
Speaker 12: Yeah, I've always contested that. You know, President Trump is
1:06:04
Speaker 12: always coming out and saying we have it all. It's
1:06:06
Speaker 12: my belief that we're in the midst of a strategic
1:06:09
Speaker 12: military operation. They had all that information at the time,
1:06:13
Speaker 12: and it's basically a staying operation and it's about to
1:06:16
Speaker 12: be exposed. And the reason it didn't come out right
1:06:19
Speaker 12: away is they were casting a bigger net. They have
1:06:22
Speaker 12: taken all this time to take down the deep state,
1:06:24
Speaker 12: and they're going to be unbelievably successful.
1:06:26
Speaker 3: I sure hope. So my fingers crossed, and I hope
1:06:29
Speaker 3: finally some people go to jail now. I hope, Maureen,
1:06:33
Speaker 3: that this is done in a way, because you know,
1:06:36
Speaker 3: the Democrats have all been saying all along that, oh,
1:06:39
Speaker 3: he's going to declare a national emergency and steal an election.
1:06:43
Speaker 3: If this is from the process of protecting the election
1:06:47
Speaker 3: integrity and exposing some of the stuff that was going on,
1:06:50
Speaker 3: I think it would be fantastic, and I think to
1:06:53
Speaker 3: a certain extent, destroy not only the narrative from the
1:06:57
Speaker 3: spoon fed regurgitators in the mainstream media, destroy some of
1:07:01
Speaker 3: the careers of the people who have been promoting that
1:07:04
Speaker 3: lie on that end.
1:07:06
Speaker 12: Yes, and that will happen, and they're amazing, I hope.
1:07:10
Speaker 12: So we got China, we got it Ran, We've got Venezuela.
1:07:14
Speaker 3: Well, Maureen, I'm up against a real hard break. This
1:07:17
Speaker 3: is the first time we've talked. I certainly appreciate it,
1:07:20
Speaker 3: So please don't be a stranger and please call back
1:07:23
Speaker 3: well whatever you feel like, but especially when I'm on
1:07:25
Speaker 3: the air. This is some great information. Marine. Thank you
1:07:28
Speaker 3: so much for calling in and have a great day.
1:07:30
Speaker 1: D five Chaos E the talk station.
1:07:46
Speaker 3: Six minutes after seven o'clock Kevin Gordon in for Brian
1:07:50
Speaker 3: Thomas again. It was interesting topics today and everything that's
1:07:56
Speaker 3: going on. It's it's it's just incredible. A lot of
1:08:00
Speaker 3: the news in this hour. At some point I want
1:08:03
Speaker 3: to get to yesterday's information regarding the consumer Price Index,
1:08:07
Speaker 3: and I sometimes feel like Paul Harvey, if you remember him,
1:08:12
Speaker 3: he used to do that segment that was very popular
1:08:15
Speaker 3: called the rest of the story. And so many times
1:08:18
Speaker 3: I read these stories and I really feel sorry for
1:08:22
Speaker 3: people who are just scrolling through the headlines on their phone.
1:08:27
Speaker 3: I know that's very popular with the kids. I know
1:08:29
Speaker 3: it's very popular with a lot of people, but if
1:08:32
Speaker 3: you're just reading the headline, you are not getting If
1:08:35
Speaker 3: you think you're informed, you are not informed at all.
1:08:39
Speaker 3: As a matter of fact, generally the worst line of
1:08:42
Speaker 3: the story is the headline. But if you read the story,
1:08:46
Speaker 3: there is so many times you get to the end
1:08:48
Speaker 3: and you go, where did they come Well, I know
1:08:51
Speaker 3: where they came up with the headline, but it has
1:08:53
Speaker 3: nothing to do with what the story is about. And
1:08:57
Speaker 3: even in the most liberal media, in the most liberal stories,
1:09:02
Speaker 3: once in a while they do commit journalism and you
1:09:05
Speaker 3: can get basically the truth out of that. And it
1:09:08
Speaker 3: is so true on some of these other stories that
1:09:11
Speaker 3: you see the headline, you see what they're during being discussed.
1:09:15
Speaker 3: And most of these stories, I would say, are probably
1:09:18
Speaker 3: about anywhere from five hundred to one thousand words, and
1:09:21
Speaker 3: so a lot of times you skip by the time
1:09:25
Speaker 3: you get to the bottom of the page. Sometimes they
1:09:28
Speaker 3: completely put on its ear and reverse everything that they
1:09:32
Speaker 3: previously said, And as I learned as a young child
1:09:37
Speaker 3: listening to the news with my mom, you've got to
1:09:40
Speaker 3: listen to and you've got to read between the lines
1:09:43
Speaker 3: and see it's not so much what they're telling you.
1:09:46
Speaker 3: It's a lot of times what they're not telling you. Anyway,
1:09:50
Speaker 3: we'll talk about that coming up, but first we got
1:09:52
Speaker 3: a bunch of people on the online and let's just
1:09:55
Speaker 3: get right to it. Let's talk to Dick first. Carosee, Dick,
1:10:00
Speaker 3: how are you a long time?
1:10:01
Speaker 8: No?
1:10:01
Speaker 3: Talk to.
1:10:03
Speaker 13: Oh from west side of Hamilton. Not to be confused
1:10:10
Speaker 13: with it.
1:10:10
Speaker 3: From the position I would say the wrong I would
1:10:16
Speaker 3: say the wrong whatever, but then that would almost give
1:10:18
Speaker 3: you know, violate the license or something, if you know
1:10:21
Speaker 3: what I mean.
1:10:21
Speaker 13: So anyway, anyway, I want to go back to your
1:10:27
Speaker 13: five o'clock hour on the Hamburgers.
1:10:31
Speaker 3: Uh huh.
1:10:31
Speaker 13: I got two fantastic ones. Uh the uh.
1:10:39
Speaker 10: Quantum uh qus Cafe in Norwood, Yeah, and also the
1:10:46
Speaker 10: Indian Mound Cafe in Norwood.
1:10:50
Speaker 3: Okay, both of those are awesome. I have had that's
1:10:56
Speaker 3: been on my list for a number.
1:10:58
Speaker 13: Of years out I think they got rolled up in
1:11:03
Speaker 13: nineteen seventy five or something. Yeah, for sure, the inquir
1:11:07
Speaker 13: for a great hamburger.
1:11:08
Speaker 11: Yeah.
1:11:09
Speaker 3: I don't want to date myself too much here, but
1:11:11
Speaker 3: nineteen seventy five is around the time that I was
1:11:14
Speaker 3: in college, So yes, I was very familiar with Quatman.
1:11:17
Speaker 3: And on a college student's budget, you're always looking for
1:11:21
Speaker 3: the best value. Okay, I'm sorry, I guess it is, Bob,
1:11:27
Speaker 3: Bob fill up. But anyway, thank you, Bob, certainly appreciate it.
1:11:30
Speaker 3: Where do we go to next? Let's go to Mike
1:11:33
Speaker 3: fifty five. Care see, how are you this morning? Thanks
1:11:35
Speaker 3: for calling.
1:11:37
Speaker 14: Thank you're talking about the money for us to fix
1:11:41
Speaker 14: the roads and everything, Craig if I'm wrong, but the
1:11:46
Speaker 14: gas tax was originally supposed.
1:11:48
Speaker 3: To be to fix the roads exactly.
1:11:51
Speaker 14: And then you know, Congress, everybody's got to get there
1:11:53
Speaker 14: a little Oh, we could take a little bit here,
1:11:54
Speaker 14: a little bit there, you know. Oh sure, I mean,
1:11:57
Speaker 14: if they use the gas tax for which we can
1:12:00
Speaker 14: built the new bridge, we'd have to money for a
1:12:03
Speaker 14: new bridge like a month.
1:12:04
Speaker 3: Oh yeah, exactly. Well, and in fact, if they stop
1:12:08
Speaker 3: spending wasting thirty three percent of that on stuff that's
1:12:11
Speaker 3: not highway related, we'd have plenty of money at the
1:12:14
Speaker 3: Highway Trust Fund. And as I've suggested before, I think,
1:12:19
Speaker 3: because I think it's one hundred and sixty nine different
1:12:22
Speaker 3: roads are used by the National Guard, the military in
1:12:25
Speaker 3: order to move certain equipment and stuff like that, there
1:12:29
Speaker 3: should be some funds coming out of the Department of
1:12:32
Speaker 3: Defense towards our highways as well, like it did back
1:12:36
Speaker 3: in nineteen fifty six.
1:12:39
Speaker 14: Right, also up for your state roads. Yeah, I just
1:12:42
Speaker 14: went by the little one by one sticker for sixty
1:12:44
Speaker 14: four dollars to put them out of the car.
1:12:47
Speaker 3: Uh huh, uh huh.
1:12:48
Speaker 15: They need to.
1:12:49
Speaker 14: That's that's deck us up every year, you know.
1:12:52
Speaker 3: Oh yeah, absolutely sticker, Yeah exactly. And I'm well, you
1:12:56
Speaker 3: know that sticker probably costs a lot of money to produce.
1:12:59
Speaker 3: So let's short change amount that.
1:13:01
Speaker 14: That's by ten dollars to make this sticker.
1:13:03
Speaker 3: Yeah, yeah, exactly. But yeah, I mean there is They
1:13:08
Speaker 3: don't suffer from not having enough money. They suffer from
1:13:13
Speaker 3: the fact that they spend it so poorly. That's the problem.
1:13:17
Speaker 3: And Mike, thanks so much for calling. I certainly appreciate.
1:13:20
Speaker 3: Let's go to Rick Rick fifty five K. See how
1:13:23
Speaker 3: are you this morning?
1:13:25
Speaker 9: Oh, I'm fine. I wanted to point something out on it.
1:13:29
Speaker 9: Maybe I don't know if anybody remembers this, but way
1:13:31
Speaker 9: back and when Barack Obama President Obama first became president,
1:13:35
Speaker 9: about the middle of the first year, maybe in two
1:13:38
Speaker 9: thousand and nine, he made an executive order because of
1:13:42
Speaker 9: all the problems they had down in the election counting
1:13:45
Speaker 9: in Florida with the hanging chads. He said it every
1:13:48
Speaker 9: county in the United States had to get the same
1:13:50
Speaker 9: vote county machine. That's different from a scanners. It's called
1:13:53
Speaker 9: a tally machine, and I think the ones that use
1:13:56
Speaker 9: is called a dominion one. But the problem is there
1:13:59
Speaker 9: was hearings in the Senate. I remember this because it
1:14:02
Speaker 9: was in the newspaper and it was highly covered at
1:14:05
Speaker 9: that time that the Senate had hearings claiming that a
1:14:09
Speaker 9: lot of these centers Intelligence Committee were worried that these
1:14:12
Speaker 9: machines were going to be built in China and that
1:14:14
Speaker 9: they were afraid that these machines could be hacked into
1:14:17
Speaker 9: meaning that when the votes were being counted, people from
1:14:21
Speaker 9: the Chinese government could change election results and change the
1:14:25
Speaker 9: data inside the count and then put it back where
1:14:27
Speaker 9: it was before and then basically rig all the United
1:14:31
Speaker 9: States elections. Now a lot of the states said, well,
1:14:34
Speaker 9: we don't like this idea, so we're gonna have paper
1:14:37
Speaker 9: ballots as a backup. And so everybody knows that are
1:14:40
Speaker 9: like maybe more than half the state's got paper backup
1:14:44
Speaker 9: ballots as backups, but they never hand count the ballots.
1:14:48
Speaker 9: Why can't the President United States, because the courts won't
1:14:51
Speaker 9: let him interfere with the local county elections, why can't
1:14:56
Speaker 9: he make we undo Barack Obama's executive order with just
1:15:01
Speaker 9: the stroke of a pen and order all these counties
1:15:07
Speaker 9: to count the paper ballots to check to make sure
1:15:10
Speaker 9: that you can't hack into our computers and rig our elections.
1:15:13
Speaker 9: You know, AI computers do all these crazy things. People
1:15:16
Speaker 9: get their stuff stolen all the time online and all
1:15:19
Speaker 9: these secure systems. How to know we can't they can't
1:15:22
Speaker 9: get inside one of these Chinese vote county machines.
1:15:25
Speaker 3: Oh we know they can. I mean, it's just that
1:15:27
Speaker 3: our elections are rigged.
1:15:31
Speaker 9: Elections, because that would explain how communists are getting elected,
1:15:35
Speaker 9: and because all of the votes for the people who
1:15:37
Speaker 9: don't like communists, those are getting thrown away now and they're
1:15:40
Speaker 9: putting new votes in there to make the communists get elected.
1:15:43
Speaker 4: So it's obvious.
1:15:44
Speaker 3: Direct Rick, I'll slow down a second here. Let's let's
1:15:48
Speaker 3: cover some of these voting machines are merely tabulators. They're
1:15:52
Speaker 3: not attached to a server. The information in there has
1:15:56
Speaker 3: to be then taken out on a disc or whatever
1:15:59
Speaker 3: and then take into the county seat. This isn't across
1:16:02
Speaker 3: the board. A lot of these machines aren't still online,
1:16:07
Speaker 3: but the ones that are on need to have it
1:16:09
Speaker 3: backup and they need to have the vote counts like
1:16:12
Speaker 3: you talk about. But if you recall, you may recall this.
1:16:16
Speaker 3: But back in twenty sixteen, right before the election, about
1:16:21
Speaker 3: three four weeks before the election, Barack Obama was out
1:16:25
Speaker 3: i think in the Rose Garden and at the time
1:16:28
Speaker 3: there had been a debate between Trump and Hillary where
1:16:32
Speaker 3: they said, are you going to accept the results of
1:16:34
Speaker 3: the election, and Trump was talking about if it's not rigged,
1:16:39
Speaker 3: and Barack Obama, you can go back and look at this,
1:16:42
Speaker 3: he says, and he's talking about with the way the
1:16:47
Speaker 3: elections are done, there is no way that these elections
1:16:51
Speaker 3: can be tampered with because each individual city, county, whatever
1:16:56
Speaker 3: how they handle it is all completely separate. And he's
1:17:00
Speaker 3: made the comment that maybe Trump should be more interested
1:17:04
Speaker 3: in getting more votes than whining about something that hasn't happened.
1:17:08
Speaker 3: So again, and see how quickly that turned after he
1:17:12
Speaker 3: won the election. How all of a sudden, then it
1:17:15
Speaker 3: can the elections can be rigged because of Russian interference
1:17:19
Speaker 3: and all this sort of stuff. So they talked out
1:17:21
Speaker 3: of both sides of their mouth on that, and the
1:17:24
Speaker 3: fact that if any, if any election machine is online,
1:17:28
Speaker 3: it shouldn't be. It should only be a vote tabulator
1:17:32
Speaker 3: and get that done. Anything further, Oh, I'm sorry he
1:17:39
Speaker 3: dropped off. Okay, well, Rick, thanks so much for the conversation.
1:17:43
Speaker 3: I certainly appreciate a lot of good points there, and
1:17:46
Speaker 3: thanks for calling. Phone numbers five one, three, seven four
1:17:49
Speaker 3: nine fifty five hundred one eight hundred A two three
1:17:51
Speaker 3: talk one eight hundred eight two three eight two five
1:17:54
Speaker 3: five pound, five point fifty AT and T wireless phone.
1:17:57
Speaker 3: Kevin Gordon in for Brian Thomas, fifty five kr se
1:18:01
Speaker 3: the talk station.
1:18:03
Speaker 4: The talk station.
1:18:16
Speaker 3: Coming off actually is seven twenty one. Kevin Gordon in
1:18:19
Speaker 3: for Brian Thomas, fifty five krs the talk station. Phone
1:18:22
Speaker 3: numbers seven five one, three, seven four nine, fifty five
1:18:26
Speaker 3: hundred one eight hundred A two three talk one eight
1:18:29
Speaker 3: hundred eight two three eight two five five pound five
1:18:32
Speaker 3: point fifty on that AT and T wireless phone. Back
1:18:34
Speaker 3: to the phones we go. Let's speak to Pete. Pete
1:18:37
Speaker 3: fifty five krs. Thanks for Collin. How are you this morning?
1:18:40
Speaker 15: Hey, good morning. I'm doing pretty well.
1:18:43
Speaker 11: Hey.
1:18:44
Speaker 15: Uh, if the bicycles get their own lanes and they
1:18:48
Speaker 15: have a six foot buffer zone, yet they pay no
1:18:52
Speaker 15: user fees, they don't donate or contribute at all to
1:18:57
Speaker 15: the road funds.
1:18:58
Speaker 3: Exactly, you're reading my mind. Actually, you've probably heard me
1:19:03
Speaker 3: in the past talk about this.
1:19:06
Speaker 15: Absolutely, the burden of proof is on the person uh
1:19:10
Speaker 15: in a vehicle, not the bicycle they have. They just
1:19:13
Speaker 15: get too many huh, too many extras uh in the lanes.
1:19:21
Speaker 15: And I don't just like bikes, they're just And one
1:19:25
Speaker 15: other thing. If the government is licensing people to drive,
1:19:28
Speaker 15: they should require more than a vision test. They should
1:19:32
Speaker 15: have to have a sit down.
1:19:36
Speaker 7: At home.
1:19:36
Speaker 15: You can do it at home, kind of like a
1:19:38
Speaker 15: hunting license. You gotta you gotta watch video and then
1:19:41
Speaker 15: you got to you know, answer you know, thirty questions
1:19:46
Speaker 15: just every four years, just to refresher, you know, for
1:19:49
Speaker 15: the turning lanes and for school zones and all the
1:19:53
Speaker 15: other things that people have uh seem to forgotten about
1:19:56
Speaker 15: the rules of the road.
1:19:58
Speaker 3: Uh huh.
1:19:58
Speaker 15: Thanks.
1:20:00
Speaker 3: You know, well before you go, one of the things
1:20:04
Speaker 3: too about these hiking and biking trails. We're familiar with
1:20:07
Speaker 3: the ones that are actually on the road. What we
1:20:10
Speaker 3: don't see is the ones that are off road and
1:20:12
Speaker 3: that go wide around some of these forests and out
1:20:15
Speaker 3: in some of these parks and whatever. Those are paid
1:20:18
Speaker 3: for out of the Highway Trust Fund as well, So
1:20:22
Speaker 3: that is where some of that money's going. And when
1:20:25
Speaker 3: you look at the billions of dollars that is spent
1:20:28
Speaker 3: on the equipment for hiking and biking, between the helmets,
1:20:32
Speaker 3: the shoes, the clothing, the backpacks, the water bottles and
1:20:36
Speaker 3: all that, that is a twenty three billion dollar industry.
1:20:41
Speaker 3: And I think the people that buy that stuff are
1:20:44
Speaker 3: in a little bit of higher tax bracket and if
1:20:48
Speaker 3: they put a small tax on those products, they could
1:20:52
Speaker 3: have all of the money they needed for these hiking
1:20:55
Speaker 3: and biking trails. And that is something that we need
1:20:58
Speaker 3: to push with our congressman and senators to get that
1:21:01
Speaker 3: out of the Highway Trust Fund and back to where
1:21:04
Speaker 3: it belongs.
1:21:05
Speaker 15: So again, from your lips to to to God's ear.
1:21:09
Speaker 3: There you go, There you go, Pete, thanks so much
1:21:12
Speaker 3: for calling. I certainly appreciate it. I mean, that's one
1:21:14
Speaker 3: of the things that I've that I have well again
1:21:17
Speaker 3: going back to twenty thirteen, being a recovering accountant, and
1:21:23
Speaker 3: you know, you give me numbers or their numbers available,
1:21:26
Speaker 3: or their research or something like that. I can do it.
1:21:29
Speaker 3: I can look things up. I can ask questions and
1:21:31
Speaker 3: piece these things together. And when they kept telling us
1:21:35
Speaker 3: that well there's no money in the Highway Trust Fund
1:21:37
Speaker 3: for repairing roads, that they need to increase the gas tax,
1:21:41
Speaker 3: that they need this when you look at the xite
1:21:43
Speaker 3: we talked about yesterday, I talked about these excise taxes,
1:21:47
Speaker 3: the excise tax. There is an excise tax on the
1:21:51
Speaker 3: purchase of tractor trailers the cabs. There those vehicles are
1:21:56
Speaker 3: one hundred and eighty five thousand to two hundred and
1:21:59
Speaker 3: four twenty thousand dollars and there is about twenty four
1:22:03
Speaker 3: to twenty five thousand dollars excise tax on that. And
1:22:07
Speaker 3: that excise tax goes back to was implemented back in
1:22:12
Speaker 3: nineteen seventeen in order to fund World War One, and
1:22:16
Speaker 3: it's still on the books and they're still paying it. Again,
1:22:21
Speaker 3: if you're going to tax people and say it's for
1:22:24
Speaker 3: an intended purpose, make sure it goes to that intended purpose,
1:22:28
Speaker 3: and then make sure that no money is taken out
1:22:31
Speaker 3: of that for some of this other stuff. So anyway,
1:22:33
Speaker 3: that's my that's my Nichols worth, because we don't have
1:22:36
Speaker 3: pennies anymore. Phone number seven four nine fifty five hundred one,
1:22:40
Speaker 3: eight hundred eight two three Talk one eight hundred eight
1:22:43
Speaker 3: two three eight two five five pound, five point fifty
1:22:46
Speaker 3: AT and T wireless phone. Kevin Gordon in for Brian Thomas,
1:22:49
Speaker 3: fifty five krs the talk station.
1:22:52
Speaker 15: As America marks it's two hundred and fiftieth anuracy.
1:22:55
Speaker 4: The talk station.
1:23:07
Speaker 3: Seven thirty in the morning, Kevin Gordon in for Brian Thomas,
1:23:10
Speaker 3: fifty five KRC the talk station. Some local headlines were
1:23:16
Speaker 3: covering for you this morning. This is interesting. A short
1:23:20
Speaker 3: term rental party ends in gunfire in Anderson Township. Neighbors
1:23:25
Speaker 3: are fearful, I would say so. Neighbors won a short
1:23:29
Speaker 3: term rentals shut down after a large overnight party resulted
1:23:32
Speaker 3: in more than fifteen shots being fired. On Bowen Street
1:23:36
Speaker 3: in Anderson Township, said the Hamilton County Sheriff's Office. Now,
1:23:41
Speaker 3: this goes back to June twenty seventh incident. Two bullets
1:23:45
Speaker 3: struck a truck parked between the shooter and two young
1:23:48
Speaker 3: girls asleep inside a nearby home. No injuries were reported
1:23:53
Speaker 3: and no one was taken into custody. About eighty people
1:23:57
Speaker 3: had gathered inside the rental property on June twenty seventh
1:24:01
Speaker 3: before the chaos moved to the street around three am.
1:24:05
Speaker 3: Right there, that's a bad sign, you know, As they say,
1:24:08
Speaker 3: nothing good happens after three a except for a particular
1:24:11
Speaker 3: show that I'm familiar with. When deputies arrived, the crowd scattered.
1:24:15
Speaker 3: Investigators recovered several showcase things and found bullet holes in
1:24:20
Speaker 3: the side of the home. The property has been operating
1:24:22
Speaker 3: as a short term rental since twenty twenty four and
1:24:25
Speaker 3: had no prior complaints, according to Anderson Township Trustee Tom Hodges.
1:24:31
Speaker 3: According to the owner, parties are prohibited and occupancy is
1:24:35
Speaker 3: capped at six guests. Following the incident, the owner restricted
1:24:39
Speaker 3: bookings to stays of three nights or longer. So hopefully
1:24:44
Speaker 3: that will fix that problem. That let me see township
1:24:49
Speaker 3: launches civil investigation, while the Hamilton County Sheriff's Office pursues
1:24:53
Speaker 3: the criminal case. Anderson Sound Chips leaders have launched a
1:24:57
Speaker 3: civil investigation into the property. I'm sure the neighbors are
1:25:01
Speaker 3: not too happy about that. Residents near the property said,
1:25:04
Speaker 3: the shooting has been lasting impact on the neighborhood. Again, yes,
1:25:09
Speaker 3: if it's a one time incident, I don't know if
1:25:11
Speaker 3: a long lasting effect, but certainly you want to put
1:25:17
Speaker 3: things into place where it never happens again. Urban League
1:25:21
Speaker 3: town hall addresses Campaigns zero findings on since Ana police
1:25:27
Speaker 3: stops the community. Members of the city leaders gathered Tuesday
1:25:33
Speaker 3: night for a town hall meeting hosted by the Urban
1:25:36
Speaker 3: League of Greater Cincinnati Southwestern Ohio to findings from the
1:25:40
Speaker 3: Campaigns Zero report. The report, released in June the eleventh,
1:25:44
Speaker 3: analyzed contact cards filled out by CPD officers over the
1:25:49
Speaker 3: past twenty five years as part of the Collaborative Agreement,
1:25:54
Speaker 3: which found black people were stopped more than three times
1:25:58
Speaker 3: as often as white people in the city since a
1:26:01
Speaker 3: police department. Now right, I'm just going to read the news.
1:26:05
Speaker 3: I may go off on this later on, but again,
1:26:08
Speaker 3: these are news headlines at the bottom of the hour
1:26:11
Speaker 3: interim since Police Department Chief Adam Henny. Council members Scottie
1:26:17
Speaker 3: Johnson and Iris Rollie were among those who spoke at
1:26:20
Speaker 3: the event aimed at providing the public with a better
1:26:24
Speaker 3: understanding of the contact card data and plans to ensure
1:26:27
Speaker 3: police stops take place without bias. Question raised over the
1:26:32
Speaker 3: delayed data release. Attendees raised questions about why the public
1:26:36
Speaker 3: is only now reviewing data that CPD officers have been
1:26:40
Speaker 3: collecting for twenty five years. Council Member Johnson acknowledged the lapse.
1:26:45
Speaker 3: We dropped the ball as the city. I'll be the
1:26:47
Speaker 3: first one to say we dropped the ball because we
1:26:50
Speaker 3: did not keep an eye on the data that should
1:26:53
Speaker 3: have been paid attention to. I thought there was an
1:26:56
Speaker 3: organization there that was looking at this. So interesting there.
1:27:00
Speaker 3: Hamplton County Commissioners weigh children's services levy increase amid rising costs.
1:27:07
Speaker 3: Let's see since saying, monumental decision is on the horizon
1:27:10
Speaker 3: for Hamilton County Commissioners as they consider putting a levee
1:27:14
Speaker 3: on the upcoming November ballot increasing funding for children's services.
1:27:19
Speaker 3: The current levee, which passed in twenty twenty one generates
1:27:22
Speaker 3: about eighty one million annually and expires at the end
1:27:26
Speaker 3: of the year. County leaders said more than thirteen thousand
1:27:29
Speaker 3: kids in the county received levee funded services last year.
1:27:33
Speaker 3: That includes service like child Abuse and Neglected Investigations, in
1:27:38
Speaker 3: neglect investigations and safe shelter and foster care support. The
1:27:44
Speaker 3: levee is up for renewal, but many child advocates said
1:27:47
Speaker 3: current levee isn't sustainable. That's just some of the headlines
1:27:51
Speaker 3: that we're covering for you this morning. Phone number seven
1:27:53
Speaker 3: four nine, fifty, five hundred one, eight hundred, eight two
1:27:56
Speaker 3: three eight two five five one eight one eight hundred
1:28:00
Speaker 3: talk one eight hundred eight two three eight two fivey
1:28:03
Speaker 3: five pound, five point fifty AT and T wireless phone.
1:28:06
Speaker 3: Kevin Gordon in for Brian Thomas, fifty five krs the
1:28:10
Speaker 3: talk station.
1:28:12
Speaker 2: I know that hiring can be challenged the talk.
1:28:14
Speaker 3: Station seven forty in the morning, Kevin Gordon in for
1:28:29
Speaker 3: Brian Thomas, fifty five kr s the talk station. Phone
1:28:32
Speaker 3: numbers five one, three, seven four nine, fifty five hundred one,
1:28:35
Speaker 3: eight hundred eighty two three talk one, eight hundred eight
1:28:38
Speaker 3: two three eight two, five five or pound five point
1:28:41
Speaker 3: fifty on that at and T wireless phone. Yesterday we
1:28:45
Speaker 3: got consumer price index information, which was extremely interesting and
1:28:52
Speaker 3: very favorable. However, some of the discussion that was as
1:28:58
Speaker 3: a part of this doesn't really make any sense. And
1:29:02
Speaker 3: let me talk about that for a moment.
1:29:04
Speaker 7: Here.
1:29:05
Speaker 3: Consumer prices posted their biggest decline in more than six years,
1:29:11
Speaker 3: six years now. I watched a lot of news yesterday,
1:29:17
Speaker 3: and I didn't hear this being talked about much. The
1:29:21
Speaker 3: previous month, when the inflation rate went from three point
1:29:26
Speaker 3: eight up to four point two, it was wall to
1:29:29
Speaker 3: wall coverage, and it was as if the walls were
1:29:33
Speaker 3: caving in, the ceiling was collapsing, and we were all
1:29:36
Speaker 3: gonna die. And yet everybody seemed to forget about the
1:29:41
Speaker 3: nine point two inflation nine point one percent inflation in
1:29:46
Speaker 3: June of twenty two during the Biden years, when they
1:29:49
Speaker 3: kept telling us it was transitory inflation. So at four
1:29:53
Speaker 3: point two we were still half of that amount, but
1:29:56
Speaker 3: a lot further away from that two percent that the
1:29:58
Speaker 3: Federal Reserve was. However, when this number then drops yesterday unexpectedly,
1:30:04
Speaker 3: by the way, all of these so called experts had
1:30:08
Speaker 3: pegged it at a different amount, so again the lowest
1:30:12
Speaker 3: level in over six the biggest decline in six years,
1:30:15
Speaker 3: as a sharp swoon and energy prices provided the least
1:30:19
Speaker 3: temper at least temporary relief from this year's inflation surge,
1:30:23
Speaker 3: according to the Bureau of Labor Statistics on Tuesday, Now
1:30:30
Speaker 3: everybody knows where the inflation is coming from. Back in
1:30:35
Speaker 3: twenty twenty two, everything was rising at a tremendous rate,
1:30:40
Speaker 3: and having to do with what was going on in
1:30:42
Speaker 3: the Biden administration and the Federal Reserve wound up saying
1:30:47
Speaker 3: that well, since we've got to rein in inflation, we've
1:30:50
Speaker 3: got to start by raising interest rates, which slows recovery
1:30:55
Speaker 3: and slows growth, and then by slowing the growth you
1:30:59
Speaker 3: bring the prices to But again with this number coming
1:31:03
Speaker 3: having spiked up at the beginning of the Gulf War
1:31:06
Speaker 3: or the Epic fury back on February the twenty eighth,
1:31:10
Speaker 3: we saw oil prices shoot up, gas prices shoot up,
1:31:14
Speaker 3: but we knew where the amount was coming from, and
1:31:18
Speaker 3: we knew that it was only going to be a
1:31:20
Speaker 3: temporary basis. And this particular last month in June supports
1:31:25
Speaker 3: that consumer price index, a broad measure of costs for
1:31:29
Speaker 3: goods and services across the US economy was lower than expected.
1:31:33
Speaker 3: Across the board, CPI fell a seasonally adjusted point four
1:31:38
Speaker 3: percent for the month, bringing the annual and freight plation
1:31:41
Speaker 3: rate to three point five below what it was in
1:31:46
Speaker 3: April at three point eight percent, which is interesting. They
1:31:50
Speaker 3: don't really talk about that much. Economists surveyed by dal
1:31:54
Speaker 3: Jones had been looking for a drop of point two percent,
1:31:58
Speaker 3: so they missed their dictations by a whole fifty. They
1:32:02
Speaker 3: were one hundred percent over that. The drop came at
1:32:07
Speaker 3: point four percent. They were predicting point two percent, and
1:32:12
Speaker 3: they were expecting a inflation rate of three point eight
1:32:15
Speaker 3: percent following the four point two reading in May. Now
1:32:19
Speaker 3: they were off by eight percent on that core inflation,
1:32:23
Speaker 3: which excludes food and energy, and that is the number
1:32:27
Speaker 3: that the Federal Reserve usually looks at or concentrates on
1:32:31
Speaker 3: more because when you've got certain items that are volatile,
1:32:34
Speaker 3: you have to kind of pull those out and look
1:32:37
Speaker 3: at the baseline of the goods and services that are provided,
1:32:41
Speaker 3: and if you don't see much inflation in there, you'll
1:32:44
Speaker 3: know that these volatile prices which can go up and
1:32:47
Speaker 3: down month after month, are items that are causing the
1:32:50
Speaker 3: inflation and not the underlying results of all the different
1:32:55
Speaker 3: other items that would be in the mix, as far
1:32:58
Speaker 3: as all the broad range of prices, so core inflation
1:33:02
Speaker 3: with it excludes food and energy was flat for the month.
1:33:06
Speaker 3: So that showed that from the month before there was
1:33:09
Speaker 3: no inflation. Inflation was at zero percent on the core,
1:33:15
Speaker 3: which is well below And what they don't talk about here.
1:33:19
Speaker 3: Remember the Federal Reserve wants our inflation rate to be
1:33:22
Speaker 3: around two percent. Now, if the inflation rate is at
1:33:27
Speaker 3: zero percent, I would say you've gotten to that number.
1:33:30
Speaker 3: We'll pick this up coming up. But there's a lot
1:33:33
Speaker 3: of stuff in here, and again reading between the lines,
1:33:36
Speaker 3: some of the stuff they're not talking about is actually
1:33:39
Speaker 3: the meat of this story. Phone numbers five point three,
1:33:44
Speaker 3: seven four nine fifty five hundred one, eight hundred eight
1:33:46
Speaker 3: two three talk one eight hundred eight two three eight
1:33:49
Speaker 3: two five five pound, five point fifty AT and T
1:33:52
Speaker 3: wireless phone Kevin Gordon in for Brian Thomas, fifty five
1:33:55
Speaker 3: KARC the talk station, Prestigeian talk station seven nine and
1:34:08
Speaker 3: fifty five KRC the talk station. Kevin Gordon in for
1:34:11
Speaker 3: Brian Thomas, and I want to have been talking about Consumer
1:34:15
Speaker 3: Price Index, the numbers that came out yesterday, and the
1:34:18
Speaker 3: two stories that I had pulled on this, one is
1:34:21
Speaker 3: from CNBC and the other is from Investing Dot Investors
1:34:28
Speaker 3: dot com. And as I've mentioned before, if you just
1:34:32
Speaker 3: look at the headlines, yeah, the headline is good, Consumer
1:34:35
Speaker 3: Price Inflation report for twenty twenty Juno twenty twenty six
1:34:40
Speaker 3: fell the Yeah, yeah, the inflation fell, CPI shockingly cooled,
1:34:46
Speaker 3: curbing federate hike odds and so on. But the meat
1:34:50
Speaker 3: of the story is in the story itself. And what's
1:34:54
Speaker 3: interesting that again once in a while they do commit
1:34:58
Speaker 3: journalism talk about the core inflation and talking about from
1:35:03
Speaker 3: last month to this month, the core items were flat.
1:35:06
Speaker 3: There was no increase at all in inflation, so which
1:35:10
Speaker 3: means that for the year, putting the twelve month rate
1:35:13
Speaker 3: at two point six percent, now the Federal Reserve wants
1:35:17
Speaker 3: of the inflation rate around two percent, we are getting there.
1:35:21
Speaker 3: So any talk of interest rate increase is ridiculous because
1:35:27
Speaker 3: if inflation is up, they want to control the economy
1:35:31
Speaker 3: kind of slow the growth in order to get that down.
1:35:34
Speaker 3: In the Investors dot Com story, there was a line
1:35:38
Speaker 3: when they were talking about the core inflation. It seems
1:35:43
Speaker 3: to have closed the door on tariffs as an inflation problem.
1:35:50
Speaker 3: Isn't that interesting? You may recall back on April second
1:35:54
Speaker 3: Independence Day when Donald Trump talked about tariffs, everybody saying
1:36:00
Speaker 3: a lot of people, not everybody, a lot of people
1:36:03
Speaker 3: were saying that inflation was going to be out of control.
1:36:07
Speaker 3: We were going in to go into recession, there was
1:36:10
Speaker 3: going to be massive layoffs, and as a matter for
1:36:14
Speaker 3: you know, inflacement is going to go out of control.
1:36:17
Speaker 3: The Fed Reserve chairman Lion Jerry Powell even said he
1:36:21
Speaker 3: jumped on the badwagon and said that inflation was going
1:36:25
Speaker 3: to go out of control. Now, be having been in
1:36:28
Speaker 3: college and had a decent economics professor, stress that tariffs
1:36:34
Speaker 3: in and of themselves don't cause inflation because a tariff
1:36:38
Speaker 3: may go up on one item but then go down
1:36:41
Speaker 3: on others, and so the net effect is going to
1:36:43
Speaker 3: be zero. What causes inflation the most is out of
1:36:48
Speaker 3: control government spending. When you see government pumping money into
1:36:53
Speaker 3: the businesses or giving tax credit like for instance, when
1:36:57
Speaker 3: they started giving these tax credits dollar tax credits on
1:37:01
Speaker 3: evs because they were trying to kill the internal combustion engine.
1:37:05
Speaker 3: Guess what, the manufacturers for the evs raised their prices
1:37:10
Speaker 3: by seven thousand dollars. So now you've caused inflation because
1:37:14
Speaker 3: you're pumping money into the system. And with the and
1:37:19
Speaker 3: even the last stimulus checks coming out of COVID that
1:37:22
Speaker 3: Biden put through in the what is it the Inflation
1:37:27
Speaker 3: Reduction Act, which was anything but pumping more money into
1:37:31
Speaker 3: the system, again started rising inflation, even though they called
1:37:35
Speaker 3: it transitory and manifested itself at seven point two percent
1:37:39
Speaker 3: or nine point two percent right after Russia invaded Ukraine.
1:37:44
Speaker 3: So again, government spending is the thing that causes that.
1:37:47
Speaker 3: Larry Kudlow from Fox Business News, Phil Flynn, who I
1:37:51
Speaker 3: had on the show at the six o'clock hour, he
1:37:55
Speaker 3: mentioned that inflation wasn't going to be caused by terriffs.
1:37:59
Speaker 3: I said at the time, and I was kind of
1:38:01
Speaker 3: like the lone ranger that I started reading stuff by
1:38:03
Speaker 3: like Glarry Kudlow, Phil Flynn, kind of conferving what I
1:38:07
Speaker 3: had already been saying. And of course you have people
1:38:09
Speaker 3: like Charles Pain, you have the conference board. You had
1:38:12
Speaker 3: very few people that were saying that this terriffs were
1:38:17
Speaker 3: not going to lead to inflation, and even one of
1:38:19
Speaker 3: the final press conferences that Lion Jerry Powell gave at
1:38:24
Speaker 3: the end of January or at the end of December,
1:38:27
Speaker 3: towards the end of his term, he said that, well,
1:38:29
Speaker 3: it appears that though for the year, we kind of
1:38:33
Speaker 3: got it wrong that the tariffs really didn't affect inflation
1:38:36
Speaker 3: that much, because inflation at the time was right around
1:38:39
Speaker 3: two point eight two point nine percent. Now, if the
1:38:44
Speaker 3: tariffs that had gone in, which they did, were around
1:38:47
Speaker 3: fifteen percent, twenty five percent and so on, you would
1:38:51
Speaker 3: have expected to see inflation maybe around six seven eight
1:38:56
Speaker 3: percent because not all of the tariffs. Not all of
1:38:59
Speaker 3: the inflation would have been in the tariffs, because the
1:39:02
Speaker 3: inflation on some of the products that weren't subject to
1:39:05
Speaker 3: the tariffs were already here. But you would have expected
1:39:08
Speaker 3: a bigger bump in inflation. And even lyon Jerry Powell said,
1:39:12
Speaker 3: we didn't see it. And I talked about numerous times
1:39:15
Speaker 3: last year, talking about you have the manufacture that is
1:39:18
Speaker 3: being subsidized by the government, the Home government, so they've
1:39:22
Speaker 3: got a big margin there. You have the exporter that
1:39:25
Speaker 3: has a bit of a margin there. You have the
1:39:28
Speaker 3: importer that has a little bit of a margin. You
1:39:31
Speaker 3: have the wholesalers, then you have the retailers before it
1:39:33
Speaker 3: even gets to the individual consumer. So along the way
1:39:37
Speaker 3: it was thought or posited that the manufacturers would eat
1:39:43
Speaker 3: some of that tariff the exporter, the importer, the wholesaler,
1:39:48
Speaker 3: the retailer, much before it got to the American public,
1:39:51
Speaker 3: which in fact it did so. Again, the fact that
1:39:55
Speaker 3: they would actually commit journalism and say it seems as
1:39:58
Speaker 3: though they closed the door on TI. Now, the other
1:40:01
Speaker 3: thing about terriffs that they never explained was the fact
1:40:04
Speaker 3: that if you raise tariffs like a five pick a number,
1:40:09
Speaker 3: that price goes up that month, It doesn't go up
1:40:12
Speaker 3: another five percent the following month. It is the same
1:40:16
Speaker 3: tariff month after month after month. So you would get
1:40:19
Speaker 3: that initial blip, that up upward pressure, but it would
1:40:23
Speaker 3: not continue to go up, which was some of the
1:40:25
Speaker 3: things that they didn't talk about. I got a little
1:40:27
Speaker 3: bit more to talk about this coming up, and we'll
1:40:29
Speaker 3: get to that coming up top of the hour. We're
1:40:32
Speaker 3: up against the break. I'm Kevin Gordon in for Brian
1:40:36
Speaker 3: Thomas fifty five KR see the talk station.
1:40:39
Speaker 1: Celebrating two hundred and fifty and now Kevin Golden filling
1:40:45
Speaker 1: in for Brian Thomas on fifty five KOs the talk station.
1:41:03
Speaker 3: Eight o six in the morning. Thank you all so
1:41:05
Speaker 3: much for being there. I appreciate all the people that
1:41:08
Speaker 3: have called in, and I appreciate that any more people
1:41:12
Speaker 3: because I always like talking to people. But I do
1:41:14
Speaker 3: have a couple of stories that I want to get
1:41:15
Speaker 3: to and I've been talking a little bit about them.
1:41:18
Speaker 3: But I want to talk about this consumer price indexs.
1:41:20
Speaker 3: But by the way, the phone numbers are seven four nine,
1:41:23
Speaker 3: five one three, seven four nine fifty, five hundred one,
1:41:26
Speaker 3: eight hundred eighty two three talk one eight hundred eighty
1:41:29
Speaker 3: two three eight two five five pound, five point fifty
1:41:32
Speaker 3: AT and T wireless phone. Now talking about consumer At
1:41:36
Speaker 3: the end of the last hour, I was talking about
1:41:38
Speaker 3: consumer price indecks and how how that had been reported. Now,
1:41:43
Speaker 3: what was shocking to me in this story was when
1:41:48
Speaker 3: they started talking about the outlook for the Federal Reserve. Now,
1:41:54
Speaker 3: the Federal Reserve looks at well. They claim that there
1:41:57
Speaker 3: are two missions, that they have a two pro mission
1:42:00
Speaker 3: statement making sure that the labor market is strong and
1:42:05
Speaker 3: that inflation is low. Last month, when inflation jumped up
1:42:10
Speaker 3: to four point two percent. We knew the reason behind that.
1:42:14
Speaker 3: It wasn't a long term problem. It was the war
1:42:17
Speaker 3: with Iran. Oil prices shot up and then the gas
1:42:22
Speaker 3: prices followed. But we knew that that was if anything
1:42:26
Speaker 3: was transitory, that was going to be transitory inflation, because
1:42:30
Speaker 3: once the dust settled and we saw those prices coming down,
1:42:34
Speaker 3: oil prices had shot up to one hundred and twenty
1:42:37
Speaker 3: dollars a barrel. A lot of these so called experts
1:42:40
Speaker 3: were claiming that oil prices were going to get up
1:42:43
Speaker 3: to two hundred dollars, didn't even get there, but then
1:42:46
Speaker 3: started falling back down into the seventies and got bound
1:42:49
Speaker 3: below even into the sixties, and we saw how that
1:42:52
Speaker 3: effect on the inflation rate was. But to say that, okay, well,
1:42:57
Speaker 3: if inflation is up, then we're going to have to
1:42:59
Speaker 3: increase interest rates, which is ridiculous anytime. And even the
1:43:06
Speaker 3: spoon fed regurgitators in the mainstream media with their boiler
1:43:09
Speaker 3: point point boiler plate stories where they seem to have
1:43:14
Speaker 3: the same lines that they put in time after time
1:43:17
Speaker 3: after time whenever they talk about interest rates, they always
1:43:21
Speaker 3: say that interest rates higher, interest rates slows growth. So
1:43:27
Speaker 3: if you are trying to strengthen the jobs market. If
1:43:31
Speaker 3: you're trying to grow the economy, why would you increase
1:43:35
Speaker 3: interest rates at a time when you look at the
1:43:40
Speaker 3: rest of the Western world their interest rates and this
1:43:44
Speaker 3: is the funeral the funds rate that banks charge each
1:43:48
Speaker 3: other when they're borrowing money. That rate in Japan is
1:43:51
Speaker 3: at one percent. In other parts of France, Germany, England,
1:43:57
Speaker 3: et cetera, that number is around two percent. Why are
1:44:00
Speaker 3: we at three point five three point seven five? And
1:44:03
Speaker 3: as a result of that, that trickles down into our
1:44:07
Speaker 3: credit cards because that rate plus a certain amount plus
1:44:12
Speaker 3: two or three or whatever on our credit cards is
1:44:15
Speaker 3: what we're paying. And then that rate, based on our
1:44:19
Speaker 3: car loans and stuff, that goes up. And eventually, if
1:44:22
Speaker 3: the strength of the economy is going on, the treasury
1:44:25
Speaker 3: notes are affected, and the treasury notes is what is
1:44:29
Speaker 3: dictating the mortgage rates. So if those are going up,
1:44:32
Speaker 3: the interest rates are going to go up. And that's
1:44:34
Speaker 3: why we have six point five six point seven. They're
1:44:38
Speaker 3: about interest rate on mortgages. So if you're trying to
1:44:42
Speaker 3: stimulate the economy, cut the interest rate and you will
1:44:46
Speaker 3: see the economy stimulated. And if people are their salaries
1:44:53
Speaker 3: are increasing if they are working and businesses are hiring,
1:44:57
Speaker 3: that will tamper down the rate of inflation or the
1:45:01
Speaker 3: effective inflation, especially if it's in the energy sector, which
1:45:06
Speaker 3: we know. Once the cancer is cut out in the
1:45:08
Speaker 3: Middle East, the bully of the Middle East is eliminated
1:45:12
Speaker 3: and it gets more on a level playing field. And
1:45:14
Speaker 3: as Phil Flynn talked about at the six o'clock hour
1:45:19
Speaker 3: Price Futures, group of guests of the show talked about,
1:45:22
Speaker 3: how ever, since nineteen seventy nine, for the forty seven years,
1:45:27
Speaker 3: there has been this unspoken terror risk premium that is
1:45:32
Speaker 3: on part of every bit of oil that goes through
1:45:35
Speaker 3: the straight of Horror moves that has traveled over the
1:45:38
Speaker 3: Persian Golf, et cetera. Because of the unrest in the
1:45:41
Speaker 3: Middle East. You don't know what's going on, what country
1:45:44
Speaker 3: is going to battle with another country, who's going to fight,
1:45:47
Speaker 3: who's going to start attacking ships in the Persian Golf
1:45:51
Speaker 3: and so on. So that has already been built in
1:45:54
Speaker 3: eliminate that and a lot of those energy costs will
1:45:58
Speaker 3: go down. In order to I passed that President Trump
1:46:02
Speaker 3: in his first term made sure that we were began
1:46:04
Speaker 3: to be energy independent and attain energy independence in the
1:46:09
Speaker 3: final year of his administration and had been the first
1:46:14
Speaker 3: time we were energy independent since nineteen forty nine. We
1:46:19
Speaker 3: had not been energy independent longer than the Soviet Union
1:46:23
Speaker 3: was around longer than the reign of Queen Elizabeth the Second.
1:46:27
Speaker 3: At the time, the fact that we hadn't been energy
1:46:30
Speaker 3: independent since nineteen forty nine was absolutely astounding, So attaining
1:46:34
Speaker 3: that in twenty twenty before he left office was amazing.
1:46:41
Speaker 3: Now establishing energy dominance, as Phil Flynn pointed out, we
1:46:45
Speaker 3: are now the powerhouse determining what oil prices are going
1:46:48
Speaker 3: to be. And because we are taking out the cancer
1:46:51
Speaker 3: in the Middle East, we will be kind of a
1:46:53
Speaker 3: dominant presence there. In effect also of eliminating a communist
1:46:59
Speaker 3: threat to our south at Venezuela, taking out Maduro, that company,
1:47:04
Speaker 3: that country is now heading more towards democracy. Their oil infrastructure,
1:47:10
Speaker 3: their oil production is way up from where it was
1:47:13
Speaker 3: they were dependent on China was buying a lot of
1:47:20
Speaker 3: the Venezuelan oil that has been cut off to China,
1:47:23
Speaker 3: so that route or that flow of oil to them
1:47:28
Speaker 3: has been cut their They were the main customer of
1:47:32
Speaker 3: Iranian oil that has been slowed down. So we are
1:47:35
Speaker 3: slowly affecting the dominance of China in the East, and
1:47:40
Speaker 3: we are affecting the western part of the Hemisphere being
1:47:44
Speaker 3: the energy dominant because Venezuelan oil is now being pumped
1:47:49
Speaker 3: a lot quicker, a lot faster, and their energy infrastructure
1:47:52
Speaker 3: has been coming back. And the amount they were down
1:47:55
Speaker 3: below one million barrels of oil that they were pumping
1:47:58
Speaker 3: on a regular basis, If I'm not mistaken, I think
1:48:01
Speaker 3: I saw a number where they were barely hitting six
1:48:04
Speaker 3: hundred thousand barrels a month. They are now up over
1:48:07
Speaker 3: one point three million barrels per month because companies like
1:48:11
Speaker 3: Chevron and other countries. When companies went in there and
1:48:15
Speaker 3: they said, oh, it'll be years before they bring that back,
1:48:18
Speaker 3: they brought it back in a matter of months as
1:48:20
Speaker 3: opposed to years. And so when you see all these
1:48:23
Speaker 3: chess pieces moving around the chess board and how things
1:48:27
Speaker 3: are being handled and all for the positive, for the
1:48:31
Speaker 3: benefit of the American people down the road that is
1:48:33
Speaker 3: going to be voting well, But all of a sudden,
1:48:36
Speaker 3: with this consumer price index, they started talking about, well,
1:48:40
Speaker 3: how is the Federal Reserve going to look at that?
1:48:42
Speaker 3: And are they still online and still planning on raising
1:48:46
Speaker 3: interest rates, and they keep talking about that, Well, we'll
1:48:49
Speaker 3: probably raise interest rates in September. Why in September? Why
1:48:54
Speaker 3: would you raise interest rates again? Is this a political move?
1:48:58
Speaker 3: Is this a backstabbing of the now, let's not forget.
1:49:01
Speaker 3: We kept being told by the Federal Reserve that they're
1:49:04
Speaker 3: a political that they don't try to affect elections. But
1:49:07
Speaker 3: isn't an amazing that right before in September of twenty
1:49:12
Speaker 3: twenty four to about six weeks before the election, they
1:49:17
Speaker 3: decided to cut interest rates by half a percentage point,
1:49:20
Speaker 3: even though inflation was still up there the job market
1:49:23
Speaker 3: was kind of squeaky, kind of shaky, and they want
1:49:27
Speaker 3: ahead raised lowered interest rates by half a percentage point.
1:49:32
Speaker 3: My opinion on that at the time was that they
1:49:34
Speaker 3: were trying to push Kamala over the finish line. Fortunately
1:49:37
Speaker 3: it didn't work. But for them to say that, oh,
1:49:40
Speaker 3: this wasn't a political move, it was justified, is a
1:49:43
Speaker 3: bunch of bs. And it seems as though they're trying
1:49:46
Speaker 3: to do that again by raising interest rates right before
1:49:49
Speaker 3: the midterm elections, and we should not give them any
1:49:53
Speaker 3: hope of doing that. Now they're talking about again, talking
1:49:57
Speaker 3: about though the inflation readings provided some hope they're unlikely
1:50:01
Speaker 3: to motivate Federal Reserve officials to lower interest rates anytime soon,
1:50:05
Speaker 3: which the Central Bank broadly expected to raise its benchmark
1:50:10
Speaker 3: rate in September. Isn't it amazing that they just pull
1:50:13
Speaker 3: a number or pull a month out of the year
1:50:15
Speaker 3: and say, well, that might be a good time for
1:50:17
Speaker 3: us to raise interest rates Fred, Fed Governor and I'm
1:50:20
Speaker 3: going to pick this up on the other side, FED
1:50:24
Speaker 3: Governor Christopher Waller said Monday Monday that it would take
1:50:28
Speaker 3: several months of positive readings to convince him that inflation
1:50:32
Speaker 3: is moving back to the central banks two percent target.
1:50:36
Speaker 3: We'll pick that up coming up. I'm Kevin Gordon in
1:50:38
Speaker 3: for Brian Thomas, fifty five KRS The Talk Station.
1:50:43
Speaker 7: I love you so much.
1:50:44
Speaker 4: It's the five KRC, The Talk Station.
1:50:53
Speaker 3: Eight twenty in the morning. Kevin Gordon in for Brian Thomas,
1:50:56
Speaker 3: fifty five KRC, The Talk Station. Vote numbers five one, three,
1:51:00
Speaker 3: seven four nine, fifty, five hundred one, eight hundred eight
1:51:03
Speaker 3: two three talk one eight hundred eighty two three eight
1:51:06
Speaker 3: two five five pound, five point fifty AT and T
1:51:10
Speaker 3: wireless phone. In the previous segment where again, we're talking
1:51:13
Speaker 3: about consumer price index and what the FED is going
1:51:16
Speaker 3: to do as far as inflation or as far as
1:51:19
Speaker 3: interest rates are concerned. And I got to tell you,
1:51:22
Speaker 3: the fact that they're even talking about increasing interest rates
1:51:26
Speaker 3: with Kevin Warsh and some of these other people that
1:51:28
Speaker 3: have been appointed by Trump is just absolutely ludicrous and
1:51:32
Speaker 3: doesn't make any sense to me. I left off talking
1:51:34
Speaker 3: about FED Governor Christopher Waller said on Monday that it
1:51:38
Speaker 3: would take several months of positive readings to convince him
1:51:42
Speaker 3: that inflation is moving back to the central banks two
1:51:45
Speaker 3: percent target. Now we already realize what's causing inflation is
1:51:49
Speaker 3: energy prices. If those come down, we know that they
1:51:52
Speaker 3: can come down. They were down in the first term
1:51:54
Speaker 3: of the Trump administration, and I've got to ask the question, really,
1:51:58
Speaker 3: you know, what are you looking at. Prior to his appointment,
1:52:02
Speaker 3: he was talked about being a fate. He was a
1:52:06
Speaker 3: interest rate dove. He wanted lower interest rates and he
1:52:10
Speaker 3: thought that that was best for the economy. And now
1:52:13
Speaker 3: all of a sudden, he's talking about raising interest rates
1:52:16
Speaker 3: and he needs several more months of data. It didn't
1:52:20
Speaker 3: take you several months of data of the of the
1:52:24
Speaker 3: energy price inflation going up for you to start talking
1:52:27
Speaker 3: about interest rate increases, but when it starts coming down,
1:52:33
Speaker 3: now suddenly you need several more months of information. And
1:52:37
Speaker 3: even Kevin Warsh in his comments to the he testified
1:52:42
Speaker 3: before Congress yesterday, the feds number one objective is to
1:52:47
Speaker 3: get monetary policy right or as near to it as
1:52:50
Speaker 3: possibly can. That's our clear and constant aim. The star
1:52:56
Speaker 3: we steer by and if we get policy right, and
1:52:59
Speaker 3: we will so the inflation surge of the last five
1:53:03
Speaker 3: years will be a thing of the past. So why
1:53:07
Speaker 3: is it suddenly that inflation is a top priority or
1:53:13
Speaker 3: is headline news? And we have everybody talking about affordability
1:53:17
Speaker 3: when inflation has been on the rise for five years.
1:53:22
Speaker 3: Trump has been office in office for two years now
1:53:25
Speaker 3: or towards, hasn't even been in office a full two
1:53:28
Speaker 3: years yet, and yet all of a sudden, now, all
1:53:32
Speaker 3: of a sudden, they're talking about And if you're talking
1:53:34
Speaker 3: about five years, five years takes you back three years
1:53:37
Speaker 3: into the Biden administration. So through most of the Biden
1:53:40
Speaker 3: administration inflation was up. And did anybody whine and complain
1:53:44
Speaker 3: about it? Then? No, they just kept hiding it, kept
1:53:48
Speaker 3: putting it said, Wow, you know, it's just temporary. It's transitory,
1:53:51
Speaker 3: it will come down. You don't have to worry about it.
1:53:53
Speaker 3: And it's just absolutely amazing to me that these people
1:53:57
Speaker 3: will think in terms of interest rates and that they
1:54:01
Speaker 3: for some reason. And if you're increasing interest rates, aren't
1:54:05
Speaker 3: you increasing prices on stuff? You're increasing prices, You're increasing
1:54:09
Speaker 3: money as far as credit cards, what people are paying
1:54:13
Speaker 3: that is a hidden tax right there. And so for
1:54:17
Speaker 3: this to go on is incredible. Now. One of the things, too,
1:54:22
Speaker 3: is that when we talk about interest rates and we
1:54:24
Speaker 3: look at what's going on in the housing market, look
1:54:27
Speaker 3: at all the benefits of the housing market, what that
1:54:30
Speaker 3: does for the economy, because we are more interested. Aren't
1:54:33
Speaker 3: we interested in growing the economy? Aren't we interested in
1:54:36
Speaker 3: getting jobs? Aren't we interested in production? In terms of
1:54:42
Speaker 3: affordable housing and places for people to live? What makes
1:54:45
Speaker 3: a house more unaffordable than a high interest rate. I've
1:54:49
Speaker 3: got numbers we'll be talking about in the next half
1:54:52
Speaker 3: hour as to what happens as far as when the
1:54:57
Speaker 3: interest rate is at certain rates, what that does to
1:55:00
Speaker 3: the amount of house you can afford, how much you're
1:55:03
Speaker 3: going to pay for that house on a monthly basis
1:55:06
Speaker 3: and what that does, well, obviously what it does to
1:55:08
Speaker 3: your monthly payment, But it is incredible that they seem
1:55:12
Speaker 3: to get the blinders on and just say, Okay, inflation
1:55:16
Speaker 3: is up this month. We don't care why it's up,
1:55:18
Speaker 3: but it's up, and so we need to raise interest rates.
1:55:21
Speaker 3: It just doesn't make any sense. These people are supposed
1:55:24
Speaker 3: to be the economists. These people are supposed to be
1:55:28
Speaker 3: the people that know what the heck they're talking about.
1:55:30
Speaker 3: They're supposed to be the experts in the field, and
1:55:33
Speaker 3: yet every time, going back to even Alan Greenspan, who
1:55:37
Speaker 3: recently passed the Federal Reserve, seems to have a horrible
1:55:41
Speaker 3: track record on controlling the economy. And when you talk
1:55:44
Speaker 3: about the economists, as I mentioned before, if you take
1:55:48
Speaker 3: an economist and one of the sayings is an economist
1:55:51
Speaker 3: is an expert who will know tomorrow why the things
1:55:54
Speaker 3: he predicted yesterday didn't happen today, economists have predicted nine
1:56:00
Speaker 3: of the last five recessions. If all economists agreed, that
1:56:06
Speaker 3: still debated. Ronald Reagan used to say about economists that
1:56:10
Speaker 3: if trivial pursuit were designed by economists, it would have
1:56:14
Speaker 3: one hundred questions and three thousand answers. Phone numbers five one, three, seven,
1:56:20
Speaker 3: four nine, fifty, five, hundred one, eight hundred eight two
1:56:22
Speaker 3: three talk one eight hundred eight two three eight two
1:56:24
Speaker 3: five five pound, five point fifty AT and T wireless phone.
1:56:28
Speaker 3: Kevin Gordon in for Brian Thomas, fifty five KRC, the
1:56:32
Speaker 3: talk station. Hey's Brian Thomas from fifty five KRC. I
1:56:34
Speaker 3: don't want to tell you about my friends at Bath.
1:56:47
Speaker 3: Eight thirty in the morning. Kevin Gordon in for Brian Thomas,
1:56:50
Speaker 3: fifty five KRC, the Talk station. A couple of headlines,
1:56:55
Speaker 3: local headlines that we were covering for you this morning.
1:56:58
Speaker 3: A Wilmington man submits petitions who put data center regulations
1:57:02
Speaker 3: on the November ballot. Quinton koger Kid turned over thirty
1:57:08
Speaker 3: two petitions to the Auditor's Office seeking to establish standards
1:57:12
Speaker 3: for data centers operating in Wilmington. Let me see what
1:57:16
Speaker 3: the proposal would require. The proposal does not ban data centers.
1:57:21
Speaker 3: It would set noise limits to protect nearby homes, require
1:57:24
Speaker 3: chemical disclosures, fund local emergency services, and establish a conditional
1:57:30
Speaker 3: use permit with public review before any data center can
1:57:34
Speaker 3: be built. This would have to be required to be
1:57:37
Speaker 3: reviewed by the Planning Commission. And again, you know, cities,
1:57:42
Speaker 3: states and counties are so interested in getting the construction
1:57:47
Speaker 3: jobs and the number of jobs that will be provided
1:57:50
Speaker 3: by these data centers without knowing the full cost and
1:57:56
Speaker 3: the problems with those. Back in the day when you
1:57:59
Speaker 3: had automobile manufacturing plants going in, they were very consistent
1:58:04
Speaker 3: in terms of making sure these planning and zoning of
1:58:08
Speaker 3: that how it would affect the area around there, and
1:58:12
Speaker 3: then have a cost benefit analysis in terms of how
1:58:16
Speaker 3: many jobs we're going to be created and whether or
1:58:18
Speaker 3: not they should offer any subsidies for that, and the
1:58:22
Speaker 3: whole idea of all these data centers popping up, that
1:58:26
Speaker 3: is something that needs to be looked at. Now, maybe
1:58:29
Speaker 3: they could do something in terms of their own internal
1:58:31
Speaker 3: because we're hearing such a drain on the grid that
1:58:35
Speaker 3: maybe if these businesses are going in and they cost
1:58:38
Speaker 3: and they drain so much energy and require so much energy,
1:58:43
Speaker 3: they need to provide their own energy and some sort
1:58:46
Speaker 3: of an energy source to that or at least pay
1:58:49
Speaker 3: for the upgrades. If a builder goes into a certain
1:58:52
Speaker 3: area and they're trying to build houses, they have to
1:58:55
Speaker 3: do all kinds of site improvements and so on. And
1:59:00
Speaker 3: if that is not available from the county or the
1:59:03
Speaker 3: city to do that, they have to put that in
1:59:05
Speaker 3: themselves and add that to the price of the lots
1:59:09
Speaker 3: that they sell when they're doing that development. So same
1:59:12
Speaker 3: things should be done with these data centers. I'll tell
1:59:14
Speaker 3: you what. Let's get to the phones real quick. We've
1:59:16
Speaker 3: got Terry, Terry fifty. I can't hear you.
1:59:26
Speaker 11: Hear Terry.
1:59:27
Speaker 3: Yeah, Okay, there we go, Terry, welcome to the program.
1:59:30
Speaker 3: Certainly appreciate the phone call.
1:59:32
Speaker 7: Yeah.
1:59:32
Speaker 16: I'm thinking about inflation and home costs and and interest rates.
1:59:36
Speaker 16: And I'm thinking to myself inflation and from what I
1:59:39
Speaker 16: learned in college, and maybe I didn't get the best
1:59:41
Speaker 16: college education, but that was like in the twentieth century.
1:59:44
Speaker 16: It's caused by excess of government spending. And I think
1:59:47
Speaker 16: that's a good part of it. Whenever the Congress society
1:59:49
Speaker 16: to spend more money, it devalues our dollars. And we
1:59:52
Speaker 16: can see that over the long term from the sixties.
1:59:55
Speaker 3: Absolutely, and we see that every time. Go on, go ahead.
2:00:00
Speaker 16: Yeah, and the home prices, that's the real problem. I mean,
2:00:05
Speaker 16: I grew up when I've seen ungodly interest rates, and
2:00:08
Speaker 16: I still bought a house, but you know, the payments
2:00:11
Speaker 16: were manageable, and you paid off a loan sooner rather
2:00:15
Speaker 16: than later. So I'm the interest rate is not so
2:00:19
Speaker 16: much a detrimental home ownership as the prices are. And
2:00:22
Speaker 16: we have asked what causes the prices to go high,
2:00:24
Speaker 16: and so everything the government does to try to make
2:00:27
Speaker 16: them lower, like opening the border, increasing demand and everything else.
2:00:33
Speaker 3: Exactly, I think in terms of you don't see, I mean,
2:00:39
Speaker 3: I don't know about the first house that you bought,
2:00:41
Speaker 3: but the house that I first bought was kind of
2:00:44
Speaker 3: a starter home. It was a nice little tri level
2:00:47
Speaker 3: home about it. I guess it was actually considered maybe
2:00:51
Speaker 3: a four bedroom, but one of the rooms was converted
2:00:54
Speaker 3: to a TV room, so basically three bedrooms, and it
2:00:58
Speaker 3: was not a very big house. And then you, you know,
2:01:01
Speaker 3: get comfortable in that, then it raises in price and
2:01:04
Speaker 3: you move to a different neighborhood or a larger houses.
2:01:06
Speaker 3: Everybody today seems like they want to have their quote
2:01:09
Speaker 3: forever home right from the start when they turn twenty six.
2:01:14
Speaker 16: I've decided that having a forever home is not necessarily
2:01:17
Speaker 16: best thing when you turn sixty five because it's too
2:01:20
Speaker 16: much home to clean, maintain and everything else. Exactly, less
2:01:23
Speaker 16: space and less stuff's a little more mandeible.
2:01:26
Speaker 3: Well, you know, if the DSA, the Democrat Socialists of America,
2:01:30
Speaker 3: have their way, maybe you'll have to have what fifteen
2:01:32
Speaker 3: more people living there?
2:01:34
Speaker 8: What you're already doing that?
2:01:36
Speaker 16: I think they're already doing that in Seattle and New York. Yes,
2:01:39
Speaker 16: I think we have been convinced by those who we
2:01:43
Speaker 16: elect to send them even more money to take care
2:01:46
Speaker 16: of us and protect us. At in essence, we've created
2:01:48
Speaker 16: a welfare charity state with little oversight that dislikes to
2:01:51
Speaker 16: feed broad and cronyism.
2:01:53
Speaker 3: Well, exactly exactly. I mean you don't try to. I mean,
2:01:56
Speaker 3: if if you're in government and you have a problem,
2:02:00
Speaker 3: the worst thing you could do is fix it, because
2:02:02
Speaker 3: it'll put you out of a job. So you make
2:02:04
Speaker 3: the problem worse so that you could build your empire,
2:02:06
Speaker 3: hire more people, have more of a slush fund, and
2:02:09
Speaker 3: then keep a job.
2:02:12
Speaker 16: I wonder how much of the government spending that we have,
2:02:15
Speaker 16: both leveral and state is, in the essence feeding fraud.
2:02:18
Speaker 7: I would probably say.
2:02:20
Speaker 3: I'm I'm you may be low on that, so.
2:02:25
Speaker 7: I'm trying to be conservative.
2:02:26
Speaker 3: All there you go. There you go. Well, Terry, thank
2:02:29
Speaker 3: you so much. Great phone calls. Certainly appreciate it. Phone
2:02:32
Speaker 3: numbers five one, three, seven, four, nine, fifty, five, hundred one,
2:02:35
Speaker 3: eight hundred eight two three talk one, eight hundred A,
2:02:38
Speaker 3: two three A two, five, five pound, five point fifty
2:02:41
Speaker 3: AT and T wireless phone coming up. Speaking of interest
2:02:45
Speaker 3: rates and home values and home prices, I have a
2:02:50
Speaker 3: little bit of an some information on that coming up.
2:02:53
Speaker 3: I'm Kevin Gordon in for Brian Thomas, fifty five KRC,
2:02:56
Speaker 3: The Talk Station Life. I'm KRS the Talk Station eight
2:03:05
Speaker 3: forty in the morning. Kevin Gordon in form Brian Thomas,
2:03:08
Speaker 3: fifty five KRS the Talk Station. One of the exercises
2:03:12
Speaker 3: you can go through is when you talk about in
2:03:15
Speaker 3: terms of mortgage calculators and that type of thing when
2:03:18
Speaker 3: you want to see the impact in terms of what
2:03:21
Speaker 3: inflation or what interest rates will do. Now, the one
2:03:24
Speaker 3: that I used was bank rate and if you go
2:03:28
Speaker 3: to their mortgage calculator. What I did is that they
2:03:33
Speaker 3: seems to be that a lot of the homes that
2:03:34
Speaker 3: are purchased are on a monthly basis between three hundred
2:03:37
Speaker 3: thousand and four hundred thousand, so I selected three hundred
2:03:41
Speaker 3: and fifty thousand, and then they automatically put in a
2:03:44
Speaker 3: twenty percent down payment, and they give them your zip code,
2:03:48
Speaker 3: and then they kind of calculate through what thees grow
2:03:52
Speaker 3: or the taxes and other things would be homeowners insurance
2:03:55
Speaker 3: and so on, and then they come up with what
2:03:57
Speaker 3: your mortgage payment would be. At a six point nine
2:04:02
Speaker 3: to five percentage rate of interest, which what it was
2:04:05
Speaker 3: last year, your monthly payment would be two thousand, one
2:04:09
Speaker 3: hundred and forty nine dollars a month. Now at six
2:04:14
Speaker 3: point to six which is about a point seven percent decrease,
2:04:19
Speaker 3: your mortgage payment would drop by one hundred and twenty
2:04:23
Speaker 3: seven dollars per month. Imagine what that would be over
2:04:27
Speaker 3: a twelve month period of time. If you drop that
2:04:29
Speaker 3: down to six percent, you would be one hundred and
2:04:32
Speaker 3: sixty three dollars per month lower than at the six
2:04:37
Speaker 3: point nine to five. Then you get down to into
2:04:40
Speaker 3: the fives, which in my opinion, our interest rates should
2:04:44
Speaker 3: be somewhere in between four to five percent and possibly
2:04:49
Speaker 3: even lower compared to what the rest of the mortgage
2:04:52
Speaker 3: rates are in the other industrialized countries like the France, Germany, Netherlands, Belgium, England,
2:04:59
Speaker 3: et cetera. At a five percent interest rate, your monthly
2:05:03
Speaker 3: payment would be of three hundred and fifty dollars less
2:05:10
Speaker 3: than at the six point nine to five if you
2:05:13
Speaker 3: got it down into the three point range, which what
2:05:16
Speaker 3: it was towards the end of the Trump first Trump administration,
2:05:20
Speaker 3: if you were down in that range, you would be
2:05:23
Speaker 3: six hundred and ninety five less than what it was
2:05:27
Speaker 3: back in nineteen at six point ninety five percent. Then,
2:05:31
Speaker 3: when you take into consideration that at your current rate
2:05:35
Speaker 3: or your current salary, et cetera, what you could do
2:05:39
Speaker 3: in terms of what size house you could buy or
2:05:42
Speaker 3: something along those lines. Nerd wallet has a calculation that
2:05:46
Speaker 3: I went through and I looked at it in terms
2:05:49
Speaker 3: of you look at a particular house and at a
2:05:53
Speaker 3: six point eighty six percent interest rate, they fill in
2:05:57
Speaker 3: the numbers. They tell you that at one hundred and
2:06:00
Speaker 3: ten thousand dollars of salary per month based on what
2:06:05
Speaker 3: they calculate in terms of your debt payments and so on,
2:06:09
Speaker 3: at six point eighty six percent interest rate, your home
2:06:14
Speaker 3: price that you can afford based on that salary is
2:06:18
Speaker 3: three hundred and seventy eight thousand dollars. If you get
2:06:22
Speaker 3: that down to six point twenty six percent, the amount
2:06:26
Speaker 3: that you can afford is up to three hundred and
2:06:29
Speaker 3: ninety seven thousand. Getting down into the interest rate of
2:06:35
Speaker 3: five percent, the home price that you can buy is
2:06:39
Speaker 3: now up at four hundred and forty four thousand. So
2:06:42
Speaker 3: from three hundred and seventy eight thousand up to four
2:06:46
Speaker 3: hundred and forty four thousand, that's a sixty thousand dollars
2:06:49
Speaker 3: jump thereabouts. And the type of house that you can
2:06:52
Speaker 3: afford and the kind of house that you could find
2:06:55
Speaker 3: at that amount of money is even you know, put
2:06:58
Speaker 3: you in a better category. And then the most astounding
2:07:02
Speaker 3: one is that if you had the interest rates down
2:07:05
Speaker 3: around three percent, which is again where I believe they were,
2:07:09
Speaker 3: they should be your interest in the amount of home
2:07:13
Speaker 3: that you could afford making one hundred and ten thousand dollars,
2:07:16
Speaker 3: and based on nerd wallet's calculation in terms of what
2:07:20
Speaker 3: you would need and down payment and all that sort
2:07:22
Speaker 3: of stuff, what your house that you could afford would
2:07:25
Speaker 3: be five hundred and forty one thousand dollars. That is
2:07:31
Speaker 3: a one hundred and sixty two thousand dollars difference between
2:07:35
Speaker 3: that interest rate of three point h five to six
2:07:40
Speaker 3: point nine to five one hundred and sixty two thousand.
2:07:44
Speaker 3: Imagine just whatever house you're looking at, that you could
2:07:48
Speaker 3: afford one hundred and sixty two thousand dollars more on
2:07:52
Speaker 3: that house. That's why I clamor on interest rates, why
2:07:56
Speaker 3: I think the Federal Reserve needs to lower the interest
2:07:59
Speaker 3: rates and that those will follow. Of course, interest rates
2:08:03
Speaker 3: are tied into the treasury bonds, but again treasury bonds
2:08:06
Speaker 3: are affected by the overall interest rates. So again a
2:08:11
Speaker 3: little bit of fiscal discipline, and why these economists, again
2:08:15
Speaker 3: the Federal Reserve, Federal Reserve has twenty what is it,
2:08:18
Speaker 3: twenty six thousand employees that they can't figure this out,
2:08:22
Speaker 3: that they can't be a little bit better in terms
2:08:25
Speaker 3: of trying to figure out how to make things more affordable.
2:08:29
Speaker 3: I would say that at an interest rate of three
2:08:32
Speaker 3: percent as opposed to six and a half percent, affordability
2:08:36
Speaker 3: of homes becomes a heck of a lot more than
2:08:39
Speaker 3: what it would be if it's at three percent as
2:08:43
Speaker 3: opposed to that six pond. So you want to talk
2:08:44
Speaker 3: about affordability, get the darn interest rates down, I'm Kevin
2:08:48
Speaker 3: Gordon and for Brian Thomas fifty five KRS the talk station.
2:08:53
Speaker 3: They want to find out about the UFO.
2:08:54
Speaker 4: It's the Mere Talk Station.
2:09:03
Speaker 3: Coming up on Age fifty one in the morning. Kevin
2:09:05
Speaker 3: Gordon in for Brian Thomas, fifty five KRC, the Talk Station.
2:09:12
Speaker 3: It's been a busy day today. We've had a lot
2:09:15
Speaker 3: of news and a lot of information thanks to Phil
2:09:19
Speaker 3: Flynn who joined us in the six o'clock hour again.
2:09:22
Speaker 3: He is a senior analyst at Price Futures Group and
2:09:25
Speaker 3: a well respected commodities dealer and an expert in oil markets.
2:09:31
Speaker 3: He is a frequent guest and a daily contributor on
2:09:34
Speaker 3: Fox Business News, and the fact that he can take
2:09:36
Speaker 3: time to spend time with us is fantastic kind of
2:09:40
Speaker 3: giving an insight in terms of what's going on in
2:09:43
Speaker 3: the Middle East, how the risk premium on oil is
2:09:47
Speaker 3: in there because of the terrorist of threats of Iran
2:09:50
Speaker 3: over the last forty seven years, and the fact that
2:09:54
Speaker 3: what they're seeing and it's interesting, now we didn't talk
2:09:58
Speaker 3: about this, but what I have seen some of these
2:10:01
Speaker 3: analysts have talked about where oil will be six months
2:10:04
Speaker 3: from now, and it is very low. Actually closer to
2:10:09
Speaker 3: where it was in twenty twenty. But Phil had some
2:10:12
Speaker 3: very good insights. We talked about the consumer Price Index
2:10:16
Speaker 3: which was announced yesterday and some of the intertwinings of
2:10:21
Speaker 3: that and why they would be considering doing anything in
2:10:24
Speaker 3: terms of raising interest rates. I just covered what it
2:10:27
Speaker 3: would be if what your monthly payment would be for
2:10:32
Speaker 3: the same house at various interest rates for going up
2:10:36
Speaker 3: from six point nine to five percent all the way
2:10:39
Speaker 3: down to three percent. Also how much home you could
2:10:42
Speaker 3: buy as a result of that based on a certain salary.
2:10:46
Speaker 3: So a lot of great information was there. We had
2:10:49
Speaker 3: a lot of great phone calls from people, and we
2:10:51
Speaker 3: dug into a little bit in terms of oh. I
2:10:56
Speaker 3: mentioned too that we had Burger Week is still going on.
2:10:59
Speaker 3: Got a cut couple of great suggestions of places I
2:11:02
Speaker 3: should try, because, as I've said, if you're telling me, hey,
2:11:06
Speaker 3: we're going for burgers, I'm in. Tell me we're going
2:11:08
Speaker 3: for pizza, I'm in. So those are my top two priorities.
2:11:12
Speaker 3: As a matter of fact, pizza's first burgers or second
2:11:15
Speaker 3: used to be burgers. Now it's more pizza. But this
2:11:19
Speaker 3: again is Burger Week, and hope you get out and
2:11:21
Speaker 3: try some of that and try a couple of new
2:11:23
Speaker 3: areas that you hadn't tried before. Also, we talked a
2:11:27
Speaker 3: little bit about this bill trying to and I think
2:11:31
Speaker 3: the bill is in and of itself kind of stupid,
2:11:34
Speaker 3: the Sunshine Protection Act. I didn't know that the sunshine
2:11:39
Speaker 3: needed protection, trying to do away with this constant change world,
2:11:45
Speaker 3: the changing of the daylight, savings, time and whatever. I
2:11:50
Speaker 3: got to tell you, my wife is affected by that.
2:11:53
Speaker 3: When we do the spring forward in the fall back,
2:11:55
Speaker 3: she is affected by that, and she's kind of off
2:11:57
Speaker 3: a little bit. A lot of people I know feel
2:12:00
Speaker 3: that way, that they just feel off a beat that
2:12:02
Speaker 3: it takes them a while to adjust their sleeping patterns.
2:12:05
Speaker 3: With me, I don't even notice it. I tend to
2:12:09
Speaker 3: like the daylight and the sunshine being later into the evening.
2:12:16
Speaker 3: I like when it's the sunsets around nine o'clock or so.
2:12:20
Speaker 3: There's a lot of people that don't like that. They
2:12:22
Speaker 3: would much rather that that sunset, and especially people that
2:12:25
Speaker 3: get up early and go to work, they want it
2:12:28
Speaker 3: dark when they go to bed. So if it's dark
2:12:32
Speaker 3: and around eight eight thirty, then that's much better for them.
2:12:35
Speaker 3: So again, I don't know where you stand on it,
2:12:37
Speaker 3: and a lot of people, A couple of people called
2:12:39
Speaker 3: in and they voice their view on it. But this
2:12:43
Speaker 3: is past the House and it is owners excuse me,
2:12:48
Speaker 3: on its way to the Senate, which they're saying that
2:12:51
Speaker 3: there probably aren't enough votes there to bring it up.
2:12:55
Speaker 3: And as one of our callers said, I believe it was,
2:12:57
Speaker 3: Jay said, why are these people that we elect to
2:13:02
Speaker 3: go into office to do things to protect us, to
2:13:05
Speaker 3: make our lives better aren't doing any of those things.
2:13:09
Speaker 3: But they're messing around with whether or not we should
2:13:12
Speaker 3: change daylight savings time or not have daylight savings time.
2:13:16
Speaker 3: They cannot seem to get together. How about the Save Act?
2:13:20
Speaker 3: How about making sure that you protect our voting confidence.
2:13:26
Speaker 3: As a matter of fact, there's a commercial that's running
2:13:29
Speaker 3: about how if you're going to I guess these people
2:13:32
Speaker 3: are sitting around the table and say, well, too bad,
2:13:35
Speaker 3: So and so can't be here. Apparently he didn't realize
2:13:37
Speaker 3: that you need a real ID, so he had to
2:13:39
Speaker 3: go through some hoops and get there late. Well, if
2:13:43
Speaker 3: you need an ID to get on an airplane, I
2:13:46
Speaker 3: think you should at least have an ID in order
2:13:48
Speaker 3: to vote. Again, just my Nichol's worth of comments on
2:13:52
Speaker 3: that again because I can't use pennies anymore. Well, folks,
2:13:55
Speaker 3: it's been a blast, Thanks for being there, Thanks for
2:13:58
Speaker 3: all the phone calls. I don't I don't know what
2:14:00
Speaker 3: the situation is tomorrow. I don't know who. I don't
2:14:02
Speaker 3: know who's schedule to be in. But anyway, we'll figure that. Well,
2:14:05
Speaker 3: you guys can figure that out tomorrow. I'm Kevin Gordon
2:14:09
Speaker 3: in for Brian Thomas fifty five KRC, the Talk station.
2:14:13
Speaker 2: At the top of the hour, here the top stories
2:14:16
Speaker 2: of the day.
2:14:16
Speaker 4: And get back to work to solving problems.
2:14:18
Speaker 3: We're heading down the dark half.
2:14:20
Speaker 4: On fifty five KRS, the Talk station.
2:14:23
Speaker 2: This report is sponsored