July 10, 2026 • 36 mins
Hour 1 of the Clay Travis and Buck Sexton Show mixed news, politics, economics, consumer issues, technology, and lifestyle discussions, creating a wide-ranging start to the Friday program. Clay Travis and Buck Sexton opened with personal reflections on family life and parenting, including Buck’s experiences teaching his young son to swim and a broader conversation about child safety, summertime activities, and how quickly children grow up. The hosts used the discussion as a lighthearted way to segue into larger cultural and technological changes that future generations will experience.
The hosts then previewed several major news stories they planned to follow throughout the day, including the deteriorating Middle East ceasefire situation, developments involving Iran, immigration and deportation issues, political controversies surrounding Minnesota Governor Tim Walz, and ongoing discussions about the economy and energy markets. They noted that despite earlier hopes for stability in the region, the ceasefire involving Iran appeared effectively over as military activity and hostilities continued.
A recurring theme throughout Hour 1 was the economy, particularly gas prices, inflation concerns, and consumer costs. Clay and Buck analyzed fluctuations in oil prices and gasoline costs, debating why gas prices often seem to rise rapidly when oil prices increase but decline much more slowly when crude oil prices fall. The hosts discussed market dynamics, consumer frustrations at the pump, and the political significance of energy prices heading into future elections. Several callers contributed firsthand explanations from experience working at gas stations and in fuel retailing, helping explain inventory pricing, replacement costs, and how station owners determine pump prices. The conversation evolved into a larger discussion of how average Americans measure economic conditions through everyday expenses such as gasoline rather than through government statistics or Wall Street indicators.
Another major topic involved the newly launched Trump Accounts investment program, which Buck had discussed extensively in previous programming and had now personally used to create an account for his son. He described the setup process as quick and user-friendly while encouraging parents and grandparents to consider contributing to investment accounts for children. The hosts revisited themes of financial literacy, wealth building, long-term investing, compound interest, and helping younger generations accumulate assets earlier in life. They argued that starting children with investment accounts could help address challenges involving family formation, homeownership, and financial independence for younger Americans.
The program also featured a discussion of air travel, airport infrastructure, and transportation experiences across America. Clay and Buck compared major airports, criticizing Miami International Airport while praising facilities such as Nashville International and New York’s renovated LaGuardia Airport. The conversation highlighted how airport quality can influence travel experiences and reflected broader observations about population growth, infrastructure investments, and regional development in different parts of the country.
Technology and the future of transportation became another topic as Clay and Buck discussed Tesla vehicles, self-driving technology, and the future of automobiles. Clay described his family’s experiences with Tesla ownership and predicted that autonomous driving technology will become commonplace within the next decade. The hosts speculated that future generations may view manual driving similarly to how younger people today view driving stick-shift vehicles—a useful skill but increasingly uncommon. They discussed electric vehicle adoption, changing transportation habits, and how advances in automation could reshape daily life.
The conversation later shifted toward small business ownership, entrepreneurship, and wealth creation in America. Following listener calls about gas stations and franchise operations, Clay and Buck explored the economics of running businesses such as McDonald’s, Chick-fil-A, Subway, HVAC companies, car dealerships, and gas stations. They emphasized that many wealthy Americans build financial success through ordinary businesses rather than high-profile careers in finance, law, or technology. The hosts highlighted the importance of financial discipline, entrepreneurship, and investment as pathways to long-term prosperity, arguing that many people underestimate how much wealth can be accumulated through responsible business ownership and saving.
A broader discussion of consumer behavior and modern retail trends followed. Clay and Buck talked about Costco, private-label products, pricing trends, clothing affordability, and how technological and logistical advances have dramatically reduced the
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Episode Transcript
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Speaker 1 (00:00):
Welcome everybody to the Friday edition of Clay and Buck.
Speaker 2 (00:05):
And it is a doozy. I cannot believe it is
the middle of summer already, Clay crazy Town. We are
entering population all of us. I can't believe how fast the.
Speaker 1 (00:15):
Time is flying by old god Buck starting off the
show here.
Speaker 2 (00:20):
Yeah, you know, I was in the pool. We're teaching
speed how to swim.
Speaker 3 (00:24):
It's important.
Speaker 2 (00:25):
He's doing pretty well, doing fourteen months, doing pretty well,
actually fifteen months tomorrow. So gosh, he's going to be
driving before I know.
Speaker 3 (00:32):
You are learning.
Speaker 1 (00:33):
He won't be driving because self driving cars by the
time he's that age.
Speaker 3 (00:36):
No, that's true.
Speaker 1 (00:38):
But I was telling my eleven year old that the
other day in the car. I do think one of
the things you're going to learn as you as he
gets older. Summer is actually particularly scary when you have
young kids because you're often near bodies of water, pools, beaches, lakes,
all those things, and getting in the water as one does,
and they move so quick, and if they're not very
(00:59):
good at swimming, like it's probably for really young kids
one of the most important things that you need to
get them trained for. So glad that's going well. But yeah,
I remember those days, like you're sitting by the pool.
You got to be like a My wife had to
save two different ones of our kids who just ended
up in the deep end, right and get him.
Speaker 2 (01:19):
Yeah, wow, wow, Well, I can tell you one of
my favorite things in the world right now, share a little.
It's funny Clays like play is like he's like a
senior in college, dad, where it's like graduation is looming
and I'm like freshman in college dad, you know, just
sort of figuring out where the where the dining hall
is still. But my little guy when he when he
(01:42):
swims from the instructor, We've got a great instructor here,
swims from instructor to me and he makes it. He
stopped for a moment, make sure the water's out of
his eyes, and then he claps for himself. I think
is the greatest. I'm like, that's a kid with some
confidence right there. It's like, that's right, little man, you
did great, you did great. But he stops to give
himself a little of applause each time, which I love.
I love. Some people are saying it's the best, so yeah,
(02:04):
really enjoying that, all right, news it is a news program.
We are going to give you all the news. I
promise the ceasefire. Here's the short version of this. It's
not a ceasefire if everyone's still firing at each other.
So Trump talked about this and did in fact say, yeah, no,
the ceasefire is over. I think we've known that because,
like I said, a lot of stuff has been going
boom the last few days. We will discuss the Iran situation. Yeah,
(02:30):
this case Clay out of Minnesota where Tim Walls pardoned
a child sex offender, you know, child sexual assault criminal,
and Rubio has revoked this guy's legal status. We just
talking about that a little bit. We've got update from Mitch.
Speaker 1 (02:47):
I'm sorry, Scott jennings On, Mitch McConnell, Gavin Knew some
chatting about some things.
Speaker 3 (02:53):
Donald J.
Speaker 2 (02:54):
Trump International Airport officially now the West Palm Beach Airport,
which is a first world airport, unlike Miami International, which
is a third world airport. It's a shame. I don't
know why Miami has to have the worst. Some people say,
Clay O'Hare, I'm like you, o haair people are spoiled, Okay,
spoiled compared to Mia. I think Miami is the worst
(03:16):
large city airport. Will you co sign this or do
you have a worst one? I think it's the worst
large city airport in America, especially given it's like the
lifeblood of South Florida is visitors and travel and everything else.
It's it's absolute madness that the Mia Airport is.
Speaker 1 (03:34):
I intentionally fly into Fort Lauderdale so that I don't
have to go into the Miami Airport. I mean that
gives you some semblance. LaGuardia used to be like a
Greyhound bus station. It was awful. It's now very very nice.
It's beautiful now. You can say what you will about
New York folks. You fly in the LaGuardia the Delta terminal,
you know, you can get a Shiatsu while they're cooking
(03:56):
your Kobe beef right next to you.
Speaker 2 (03:58):
I mean, it's really nice.
Speaker 3 (03:59):
I think that go.
Speaker 1 (04:00):
I think I would go Miami as the worst major
airport in the country. I mean, I haven't been to
I've been to a lot of them over the years.
It's pretty awful. It's good. Your Nashville airport is like
a private aviation terminal. You people at you Nashville people,
you don't even realize you're spoiled. That's your airport. Sometimes,
I traffic gets really bad getting into Nashville because we're
(04:20):
such a popular tourist destination now and we really haven't
built the infrastructure for the airport all the way yet.
That's a small, relatively complaint. I love the Nashville Airport.
Speaker 2 (04:30):
I just wanta't you people in Nashville. Now, you guys
don't have state income tax and you have a I
would say at least an A minus, if not an
A airport, whereas Miami's an F. You can go watch Scarface,
same airport, and that movie was made in like nineteen
eighty four.
Speaker 1 (04:44):
You know what, I'm gonna give it a running here
at Dallas. Dallas Airport is truly awful, especially if you
compare it to National, which is maybe the best airport
in America. When you land in National, you can be
in DC anywhere you need to go in fifteen minutes.
Speaker 3 (04:59):
It's amazing.
Speaker 1 (05:00):
You land in Dulles like you're in the middle of
Virginia where you don't want to be. You might be
out there for like four hours, four hours in traffic
trying to get it out. And you remember they designed
it in like nineteen sixty five to be super high tech,
which is bad. It's like Epcot is not very high
tech now because it was high tech in nineteen sixty five.
You have to get on those people movers to go
(05:20):
around from one terminal to another, and you're like, what
is It's like you're on the surface.
Speaker 2 (05:24):
Look moon. Yeah, they look like the first things that
would get blown up in a Star Wars battle. You
know what I'm saying. Yes, they look like the things
that the Walkers would crush. Anyway, Yes, So, but Trump
has a very nice, very nice, very beautiful airport named
after him. We'll discuss that. And yeah, basically this is
this is where I'm trying to make sure it.
Speaker 4 (05:44):
Oh.
Speaker 2 (05:44):
I also, I know I'm talking about my son a
bunch today, but this matters for all of us. The
I set up a Trump account for him. Speaking of
Trump yesterday.
Speaker 3 (05:54):
How long did that take?
Speaker 1 (05:54):
We had a big discussion about that yesterday. For people
out there who haven't done it, you had to commit
how much time? How complicated it was it?
Speaker 2 (06:01):
Five minutes?
Speaker 3 (06:02):
Oh wow?
Speaker 2 (06:02):
Five minutes? The guys. I made sure my sister has
done it because she's got a little one who will
now Remember, even if you have a kid who doesn't
technically qualify for the thousand dollars starter from the Treasury,
you can still set up the Trump account, which is
a great It's just another tax advantage account that you have.
The the interface is very good, the app is very
user for it's they did this right. This isn't like
(06:24):
the Obamacare website which crash and nobody could you know,
the whole thing was a disaster and they spend like
a billion dollars to use nineteen eighty seven technology in
twenty ten or whatever. They did a really good job
on it. For you, for your kids, set up a
Trump account, and for any of the grandparents I have
grandparents out there, Yes, knit them a nice sweater, put
(06:48):
you on a hundred bucks for Christmas or their birthday
in the Trump account this year. Try to get in
that habit. Put one hundred bucks, put you a hundred
bucks whatever you can in that Trump account for your
grandkid because getting that start. You know, there's been more
and more conversation Clay as well online about what we
discussed yesterday, which is you need money actually for family
(07:08):
formation and to get going in your twenties and your thirties.
You know, having retirement money is great, but we need
to actually get people money earlier in their life stage
as well. I'm not saying someone's retired at twenty five.
I'm just we're talking with the Trump accounts. It's not
about you're going to retire at twenty It's not making
you a millionaire right when you get out of college.
(07:30):
But twenty grand, thirty grand, fifty grand to get you
going is just by investing in the American economy. It's
a very good plan. It makes a lot of sense. Okay.
Oh and Clay, there was also this, sorry this is
kind of a hard turn, but a Mexican national ICE
was involved in a shooting with a fifty two year
old Mexican national. We can give some of those, you know,
(07:55):
some of those details of the Mexican government's making a
lot of noise about it. Was a guy in the
country illegally, was it a legitimate enforcement operation?
Speaker 1 (08:02):
Did he resist arrest and pose a threat to officers?
That's what really should matter in all of that.
Speaker 2 (08:09):
But yeah, Clay, I think that the decision, or rather
the announcement by Trump that the ceasefire is over. You're
watching the gas prices super closely. We're gonna be drilling
in on this day and pardon the expression gas prices drilling.
We're gonna be drilling down into this every time where
it's in the headlines, because this will affect the midterms clearly.
(08:32):
The price of gas affects the price of a lot
of things as well as what you pay at the pump.
No big move on it right now. I'm assuming kind
of staying steady state mister Clay.
Speaker 1 (08:42):
Yeah, it's three dollars I was looking. I mean, obviously,
every time I say this, people have to tell me
what the price of gas is in their local gas station.
Price of gas is right around three dollars and eighty
cents a gallon on average nationwide, which is down about
seventy cents from the peak in May, should.
Speaker 3 (09:02):
Continue to come back down.
Speaker 1 (09:03):
All that I'll say is, and I do think that
I would love to hear from gas station guy and
gal out there who run gas stations on this. The
degree to which gas station prices go up rapidly and
come down slowly, I think does deserve some form of investigation,
by which I mean we had a little bit of
a spike in gas prices just in the last day
(09:26):
and a half with Trump saying, hey, the seas fire's over,
and they might have gone up four or five cents
some places. How can they react immediately to a little
bit of a spike in gas prices two or three dollars,
but they can't react instantly to a thirty dollars decline
in gas prices?
Speaker 2 (09:44):
Are you going full Bernie Sanders on this one? You
think this is like a gas cartel operating in a
shady fashion. You want government the analogy.
Speaker 1 (09:53):
The analogy I would make is it seems like it's
a lot easier to put on weight than it is
to take off weight. Everybody out out there who has
tried to diet compared to putting on weight is nodding along.
It feels to me like gas stations are very responsive
when gas prices go up at all, but they are
not very responsive when they come down. So, I mean,
(10:13):
my point on this is, I believe gas prices got
up to around one hundred and fifteen dollars on average.
This is futures gas. A barrel of oil and gas
price hundred fifteen dollars. They're now seventy two dollars, right,
So they've come down massively. When we went to war
with Iran, they were sixty eight dollars. We went to
war with Iran, gas prices were around three dollars a
(10:34):
gallon on average. We've gone up four dollars. Yet gas
prices are still three dollars eighty cents, still about eighty
cents higher. Trump has talked about this a little bit.
It feels to me like gas station prices are amazingly
responsive when they go up, but amazingly slow when they
come down. And I do think that that works to
their benefit in both directions. But when they don't come
(10:56):
down fast, they say, well, we can't adjust it that quickly.
But it or does seem like as soon as they
go up at all, they manage to adjust it in
a hurry. If that makes sense. I think a lot
of you are probably nodding along. I suspect that is.
And again, I'm not trying to take shot at gas
station owners and people who run those companies, because the
reality is they make almost no money off the price
(11:17):
of gas, so they're probably just trying to be particularly
protective of themselves. Most of the money that a gas
station makes comes when you go inside and buy something
in the gas station. Profit margin on a coke inside
of a gas station is super high, coffee, whatever, it is.
Profit margin on gas virtually non existent.
Speaker 2 (11:37):
So then how is the gas price being manipulated? Bernie?
What's going on?
Speaker 1 (11:41):
I think that they are adjusting in real time. Whenever
they see gas prices go up, they adjust them up
because it's easier and more protective of the business to
have them too high than it is to have them
too low, because their profit margin on gas is so small.
This is my analysis. I've never run a gas station.
Their profit margin on gas so slow that if they're
(12:01):
wrong on the downside, the cost is significant. If they're
wrong on the upside, they don't have much of a cost.
So it's protecting the business. Isn't that just what the
market will bear? Then why would it be Why look
into this? I mean, if they want to overshoot their price,
somebody can go to a.
Speaker 3 (12:16):
Different gas station.
Speaker 1 (12:17):
Well in theory, except how often do you see different
gas prices in close proximity?
Speaker 2 (12:23):
So you think there's collusion between the various station.
Speaker 1 (12:25):
I mean, I think I think it's not coincidental that
you have big, huge signs on every major intersection, and
every gas price is within one or two cents. Somebody
send me a picture of somebody that's fifty cents cheaper
across the street from another gas station. They always are
within a couple of cents of each other. Right now,
(12:46):
you're monitoring it easily. It's not like necessarily collusion because
you can look out at your neighbor gas station's price.
I've never seen in my life, buck, I mean this,
I've never pulled up at a gas station at you know,
for a big intersection. Right there's gas stations like three
of them most of the time. I'm like, I got kids,
I probably need to have one. Go to the bathroom.
Which one looks like it's the nicest bathroom. The price
(13:08):
is never very different right now the place Clay, Hold
on a second. When you pull up to charge your tesla,
do you chat with the fellow tesla owners about the
best pilates classes in the area?
Speaker 2 (13:19):
Do you guys, do you guys talk about it?
Speaker 1 (13:21):
I'm like, can you imagine that these guys actually have
to buy gas?
Speaker 3 (13:25):
Man?
Speaker 1 (13:25):
What are these what are these barbarians doing? All I
gotta do is just pull into my car, into my garage,
and I plug it in like my cell phone, and
I can just drive anywhere. If I keep hearing this talk,
I feel like you're going to show up with dyed
white hair, a button down collar and start saying start
saying things like the millionaires and the billionaire is you
(13:45):
know who has My wife was very anti Tesla. She
grew up in Michigan. Her family designed, her brother designed
cars for Ford like car culture Michigan. I don't know
that much about car cultures. She now loves the Tesla
and was talking the other day about how if they
could have a suv where you could fit, like a
real size suv, where you could fit all the kids
(14:07):
and all their gear and everything else. Basically that we
would only buy Tesla's for the rest of our lives.
I mean, that's how awesome they are. I just wish
they had I don't really like the cyber truck personally.
I wish they had a bigger suv version. This thing's amazing,
I'm telling you, And I was kind of joking you
were talking about your son. I was in the car
with my eleven year old driving him to football practice,
(14:29):
and we were riding along in the Tesla, and I said,
you're going to have to learn how to drive a
car because you need to know have that asset. I
said five years from now, by the time you're sixteen,
the self driving is going to take off on a
level that I don't think most people have even realized.
I think it's going to be like driving stick something
you want to know, but that actually very few people
very you know a stick shift?
Speaker 2 (14:50):
What's that?
Speaker 1 (14:51):
When's the last time you even drove a stick shift?
Speaker 2 (14:53):
CIA training twenty years ago. Yeah, I mean they made
us learn how to drive stick That was part because
you go to all these crappy countries where you're gonna
drive like cars from the sixties.
Speaker 1 (15:03):
So yeah, I haven't even seen a stick shift. I
don't remember the last time I got in like a
modern day car. We'll take your calls. By the way,
Friday edition will have some fun as well. To mark
the twenty fifth anniversary of nine to eleven Tunnel, the
Towers Foundation, undertaking the most comprehensive commemoration and its history,
one that honors the past and educates generations of tomorrow,
Tunnel to Towers Foundation created a cross country exhibit, bringing
(15:25):
a piece of the World Trade Center to as many
cities as possible. The effort is called Steel Across America.
The center piece is a twenty four foot steel beam
recovered from the Royal Trade Center. Today, the exhibits in
San Francisco open to the public as we speak. Steel
Across America travels through September to various landmark locations, sporting events,
and town squares. This symbol of resilience creates moments of
(15:48):
connection for those who lived through nine to eleven and
educational opportunities for those too young to remember. The Steal
Across America journey represents more than remembrance. It's a bridge
between generations, a reminder that the spirit of service embodied
by FDNY firefighter Steven Siller and so many others continues
to inspire Americans today. Go to t twot dot org
(16:10):
to learn more about Steel Across America and to donate
eleven dollars a month to Tunnel to Towers. You can
also amplify your impact with a car or land donation.
That's tea the number two t dot org last learn
and hang with the guys. Clay and Buck.
Speaker 3 (16:28):
Pre said on the iHeart app welcome back in play
in Podka.
Speaker 1 (16:31):
I was woking up during the break the gas prices
because I was curious exactly where they are. So as
I speak to you at this exact moment, the price
of gas seventy one dollars twenty four cents. It was
sixty eight dollars and change when we went into Iran
in February and began to bomb, So we have seen frankly,
(16:54):
almost no change between the end of February and right now.
I just think it's a fair question. We were at
basically three dollars a gallon on average nationwide in February
of twenty eight February of twenty six, right at sixty
eight dollars a barrel, they'd be up a little bit,
but it should be like three twenty three thirty relative
(17:16):
to where the price is now compared to where it
was then. I think that's an interesting question as to
why that is if you run an oil and gas station.
Did I get it right? Did I get your analysis
of pricing right? I would actually just be able interested
to hear from you why prices can go up instantly
based on what the market is doing. And it feels
(17:39):
like the markets that are pricing in the volatility because
everybody knows this around thing is going to be a
little volatile, but it's also not going to spiral out
of control. That's what I'm starting to see. No, And
I think the easiest answer to me is it's they
have way less risk when they're too high than when
they're too low, and they just don't make very much
money on gas, and so that's the reason. But I
would love to hear if I'm missing anything on that
super Shore can get you hooked up.
Speaker 3 (18:01):
You want to save some money.
Speaker 1 (18:02):
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Speaker 2 (18:54):
Do it today, Welcome back into clay in Buck. It
was a beautiful ceasefire, a big, beautiful ceasefire. But you
know that better than anybody. But look, you have a
thought about this before. It's not a ceasefire when they're
still firing. So Trump has said it has come to it.
Speaker 1 (19:10):
Guys, can you pull that for me, by the way,
where Trump is just officially coming out being like, yeh,
it's not really ceasfire. I think we should we should
talk about that. And there's also a lot of you
want to weigh in on the gas situation. See, this
is one of these things.
Speaker 2 (19:26):
It doesn't tend to get that much from the sort
of New York DC Beltway press in terms of attention.
Speaker 1 (19:34):
I mean, they cover it, but but the rank and
file American, the everyday american is absolutely every time we
talk about this, people say, I'm so glad you're finally
talking about us.
Speaker 2 (19:44):
It's been two days.
Speaker 1 (19:45):
I will also say this is one example I think
of New York City media. New York City media is
out of touch with a lot of what quote unquote
normal people's lives are. But most people in New York
City don't ever.
Speaker 2 (19:57):
Go to a gas station, don't have a car Clay, yeah, don't,
don't don't drive.
Speaker 3 (20:01):
Yes, So like the whole concept.
Speaker 1 (20:03):
Until I went to school on the East Coast and
actually spend any time in New York City at all,
there are I mean, look, there are lots of things
that are uniquely New York that do not translate to
the rest of the country. So the number one thing,
that's why I've been saying it for some time, number
one thing I think will matter the most if you
ask me, how will people judge the state of the economy.
(20:24):
People feel gas prices because they change constantly. You know
what it used to cost to fill up your truck
or your car. You know what it costs now. And
when you're standing there and you're watching that pump keep
going up, it is super frustrating. And so there's tons
of people who want to whatever every line lit. People
want to talk about this, how it's affecting them, what
(20:45):
they know about the industry, all of that.
Speaker 2 (20:47):
Jamie and Minnesota. Used to work at a gas station.
What's going on, Jamie, Hey, guys, Well, yes, it's true.
Speaker 5 (20:54):
I used to work at a gas station. Then I
kind of got to be friends with the franchise owner
and he explained to me how this works. So at
his particular gas station, I don't remember exactly how many
gallons his tank was, but he would buy it for pretend,
fifty thousand gallons of fuel to fill up his tanks
(21:16):
for the gas pumps at you know, roughly one hundred
dollars a barrel, and he couldn't lower the prices, even though,
you know, the next day the cost of barrels of
oil went down, you know, thirty dollars or something like that.
He couldn't lower the prices on his pumps until after
(21:37):
his tank was empty and he bought the next tank. Meanwhile,
the gas station across the street, they maybe had bigger
tanks or smaller tanks, and maybe they went through the
gas faster than his, you know tanks. You know, maybe
they had smaller tanks, and so the guy across the
street went through gas faster, and so he was able
to go and buy thirty Yeah.
Speaker 1 (22:00):
Totally understand that, Jamie, when it comes to why you
can't lower prices, my point would be, it's interesting that
guy could raise prices, right, And I'm not speaking specifically
for what your employer did. What I'm saying is gas
prices over the last three months have precipitously declined. I
(22:21):
understand that people have to pay sometimes the higher price. Right,
you paid ninety dollars and now it's seventy five, so
you have to charge ninety to get back.
Speaker 3 (22:30):
What I am.
Speaker 1 (22:31):
Saying if is if you paid sixty eight, which they
were a couple weeks ago, and now the gas prices
have gone up to seventy five, you're raising.
Speaker 3 (22:42):
Even though you paid a lower rate.
Speaker 1 (22:44):
Right, the gas prices go up way faster and way
more rapidly in coordination with what the price of oiling
gas is.
Speaker 2 (22:52):
Jamie, Can I ask you a question. I'm actually just
curious about this because you said you knew the franchise owner.
You know, they do these They have these tiktoks and
things they'll talk about, like business to own, bad business
to own. I mean, that's become a very A lot
a lot has it gone viral? Gas station did most
of them do? But I assume most of them must
do pretty well, right.
Speaker 5 (23:11):
I guess I don't really know. I was just a clerk.
Speaker 2 (23:14):
Okay, well, fair enough. I'm curious, do you have any
thank you for calling in? I wonder like that they'll say,
for example, this is this is pretty interesting. This is
a little side note. But I'm you know, I'm weaving,
like get starting it. Like being a part of a
Chick fil a franchise is apparently like to be the
you know, the owner, not owner, you know what I mean,
the guy running it. The franchise incredibly hard to.
Speaker 1 (23:36):
Get, like you only get one you can get, and
the owner has to work there, which is one reason
why the Chick fil a is so well run. You
asked a good question. I looked into all this. What
do you think a well? This is what I was told.
Some of you out there may have gotten different information.
What does a well run subway franchise make in profit
(23:57):
in a year? If revenue or profit?
Speaker 3 (24:00):
Profit?
Speaker 2 (24:01):
Profit? I mean, so I would guess that a subway
could make three million dollars a year, and if it's
well run, could do ten to twenty percent of profit.
How much close I was told a good subway would
do two hundred k and profit a year. Okay, so
if you're so, I'm right there. That's about us. Yeah,
Like the math is not far off because apparently a
good a well run McDonald's. For the another one, by
(24:22):
the way, where you have to have like previous restaurant
experience to be the you know, the h the franchise e,
you have to have some It's really really competitive because
they obviously want to keep it at a certain standard.
But you can make like half a mill to a
million dollars profit I think from a well run McDonald well.
Speaker 1 (24:38):
And the well run McDonald's then guys own a bunch, right,
so you can own ten McDonald's. I mean that burger
Kings like the Chick fil A is unique. I believe
in saying you only you only get one franchise, and
they require the franchise ee to actually work basically full
time in its place.
Speaker 2 (24:55):
If any of you own any of these things as
a franchise, will you please call on and tell me
how this works. I'm kind of curious, like for my
own purposes, but I'm also wondering how some of these
businesses work. You know the Wall Street Journal, Clay has
done all these great pieces and you know a bit
about this. In New York City, the perception is you
work in finance, you work in law, maybe you're a doctor. Otherwise,
like how do you even pay bills? And the and
(25:18):
the journal has done in recent years Wall Street Journals
done in recent years. Most millionaires own car dealerships. Most
millionaires own a you know, like a good HVAC company
that has maybe a couple of locations and has like
a good reputation. You know. This is what you find
out is that owning and operating businesses, you don't have
(25:39):
to start Tesla to do very well financially.
Speaker 3 (25:42):
I mean you can.
Speaker 2 (25:42):
You can do these things that are that are much
more run of the mill every day America and do
really well. So I find it calls we were getting
yesterday from people who said, Hey, I had a normal job.
I just balanced what I spent and I saved a
lot and I ended up a millionaire. If you can
become a millionaire in the United States, even if you
(26:02):
are not making two hundred and fifty thousand dollars a year,
just by being a good financial steward of the choices
that you that you make. And as we said earlier yesterday,
which I thought was really important, just by making good
financial choices starting when you're young and learning habits that
make a lot of sense.
Speaker 1 (26:22):
Jim Tennessee, gonna take it. We still have Jim far away, Jim,
let's go, Jim.
Speaker 6 (26:31):
Yes, I've got the other half of the answer as
to why prices go up so quickly. And the reason
is they don't set the prices based on what they
paid for it in the tank already. They actually charge
you for what it will cost to refill it. So
if it's one hundred dollars a barrel it juts to
one twenty, they're gonna have to pay that to refill it,
and so they're allowed to charge you for what it
(26:52):
costs to refill that tank. And she is correct about
how the price goes down slowly because until they sold
it at the for the price they bought it at,
it's not going to go down any cheaper. But that's
why it goes up so quickly.
Speaker 1 (27:07):
But that that is a I think probably the number
one complaint you hear is thank you for that explanation.
Gas prices can respond instantaneously when things go in a
negative way. It takes a very long time for them
to respond, and I'm saying positive meaning prices coming down,
because the average person would consider lower gas prices to
be positive. Thank you for the call. We got a
(27:32):
bunch of other guys that have a variety, Dan and Florida.
Speaker 3 (27:36):
What you got Dan?
Speaker 4 (27:39):
Hey, how you guys doing today?
Speaker 3 (27:41):
We're great.
Speaker 4 (27:44):
I just wanted to put my two cents in. If
you have an unlimited amount of customers and you can
charge a little bit more, what the you know what
the what they'll pay you're going to I'm a painter.
If I had an unlimited amount of people wanting their
house painted, you would naturally go on the upper end
(28:07):
of that, not the lower end. I'm just saying, and
I'm not blaming the people that own the gas stations.
I'm blaming the oil companies.
Speaker 3 (28:16):
Thank you for the call.
Speaker 1 (28:17):
Again, what I would say about gas stations is if
you're anger, and I know that gas station owners and
gas station employees have to deal with this. People take
out their frustration on gas prices with them be very
little control over it, and I appreciate trying to explain
why the prices move faster up than they do down. Again,
stations make their money off of what they sell in
(28:39):
the gas station, make a penny or two off of
the actual gas. What I find to be intriguing is
this is where I circle back around. I said earlier
this week, buck I think that I would put every
dollar spare dollar I have into BUCkies if if I
had the choice. And if you haven't been to a BUCkies,
it's an amazing experience.
Speaker 2 (29:01):
I still haven't been to a BUCkies.
Speaker 1 (29:02):
You gotta go one. I gotta go to a buck
I mean their business. Their business which is actually becoming
super impressive, even more so to me, is they now
produce much of what they sell inside of the BUCkies.
In other words, they have their own branded popcorn, They
have their own branded potato chips, they have their own
branded SODA's.
Speaker 2 (29:23):
So well, isn't that Costco's best profit center right is
the Kirkland brand stuff. Yeah, and Kirkland brand stuff is
very now now is where we get the emos? Like
Costco is such a left wing company. Guys, tell my wife, okay,
she she loves that place. I can't get it. I
can't get her to quick Costco. It's always kind of
right now.
Speaker 1 (29:41):
I love Costco and the Kirkland brand, everything but golf
balls pants. Uh, you know, like they make everything Kirkland brand.
I wear a lot of the Kirkland brand products there.
I know, we had a we had a we had
a Lutheran missionary who like we us his own clothing,
who wrote in it was very mad that you don't
(30:02):
understand the amount of care and time that goes into
him knitting himself a kerchief.
Speaker 2 (30:08):
But it is actually true. People often look at television prices.
Speaker 1 (30:13):
It's not just television price, it's television price price and quality.
Over the last call it thirty years, you can now
not only get a television for a fraction of the
price used to pay for TVs, but also they're like
seventy inches, and they're flat screen, and they're super high deaf,
and there's all this amazing stuff. You were talking about
clothing and clothing as being a sort of more disposable
good if you will, and it actually turns out that's
(30:37):
also true. Clothing price is relative to clothing price relative
to quality. You can get now a really nice you know,
go into a kirk Lit or go into any number
of stores. You can get a really nice T shirt
for like eight bucks. Yeah, you know it's insue, it
soft and you know that's my point.
Speaker 3 (30:56):
Old Navy.
Speaker 1 (30:58):
For the price of checking a bat it's fifty or
seventy five dollars to check a bag to fly on
an airline now, which is highway robbery, I think.
Speaker 3 (31:07):
But you can go into an Old Navy. This was
my argument.
Speaker 1 (31:10):
If you're traveling somewhere, go into an Old Navy and
for fifty bucks for a guy or kids, certainly you.
Speaker 3 (31:18):
Can get four outfits.
Speaker 1 (31:20):
I mean, it's crazy, Like I went on their website
to make sure T shirts are four dollars at Old
Navy now buck four dollars for a T shirt. I mean,
that's unbelievable. And then they got all the shorts and
everything else. I'm not an Old Navy shareholder that I
know of, I mean.
Speaker 2 (31:35):
May be also, I give I mean, I know you
say that, like you've told us that sometimes Laura likes
to sell your clothing, which is it just people just
want essence of clay that badly, but we give, you know,
wearable stuff that we don't want anymore. You know, there's
a lot of church drives and things like that where
they're happy to take it, and people, you know, they're
(31:55):
guys walking around in suits that I'm too fat for
too skinny for that. You know, there's a lot of
use you can get out of this stuff now, So yeah, Laura, Yeah,
would do with yard sales. And I just you know,
the amount of time that gets spent on a yard sale.
Women love yard sales more than this would be a
(32:17):
great This would be a great fun topic. What do
women love more than men? What is the yield difference between.
Speaker 1 (32:24):
Like something that women love that men are like just
not interested in at all? Yard sales has to be
near the top of the list. I think shopping for
anything in person, by the way, I want to shed
whatever shopping I do is done on my phone in
my hand, Like I don't want to go anywhere. Women
(32:44):
still like to go and have that tactile experience of
whether it's the clothing or the fruit or the whatever,
they want to actually experience it. So yeah, no, that's good.
I would love to see that that yield. What do
men and by the way, men sports would be one
that I think, and I know women like sports too,
but sports would weigh over index for men compared to women.
(33:04):
Shopping certainly would weigh over index yard sales. I'd never
heard a guy be like, you know what, I can't
wait to do yard sales. Women wake up at like
four am to go to yard sales. I don't understand it.
Speaker 2 (33:16):
Speaking of things of sentimental value which you might see
at a yard sale. But you probably aren't selling those
old VHS tapes at a yard sale because nobody wants them,
because how are they going to watch them? But you've
got these incredible sentimental pieces of media that have old
birthdays and holidays and sporting events that your kids were
in or your grandkids or whatever.
Speaker 1 (33:36):
What do you do with them? Legacy Box, my friends,
we've got the answer. And you've been here in just
talk about Legacy Box for a while, and so many
of you have experiences and you love it. But there
are some of you out there who are like, oh,
I don't know, I got that old box of tapes
in the attic or wherever. Legacy Box will digitally transfer
up to nineteen different types of old media so you
(33:57):
can enjoy them again. They make it digital, so now
it exists in the cloud or on a thumb drive.
They send them back to you, by the way, in
a special box. First they send you the box, then
you send the box to them. And they'll send everything
back to you along with the digitized files. It's really
a fun and easy process. Your family story is important
to you and future generations. Don't let those memories fade away.
(34:18):
Shop Legacy boxes sale today at legacybox dot com, slash
buck that's legacybox dot com, slash buck precentor.
Speaker 3 (34:25):
Pas claim buck on the iHeart app.
Speaker 1 (34:28):
I got a couple that I filed a way that
I think would be interesting to talk about. As it's
a Friday edition of the program, we'll get into a
little bit more on Iran. Trump says sees fires over,
but even even I'm watching MSNBC, CNN, Fox News, it
feels to me like many people have turned the page
on Iran, and it is there's not a lot of
(34:50):
expected outcome that is going to be significant, and it
kind of feels like groundhog Day. We'll talk about that
a little bit. The Tyler Robinson evidence that Charlie Kirk assassin.
It was ten months ago today that Charlie Kirk was assassinated.
The evidence that has come out has been overwhelming, overwhelming
(35:13):
in terms of its impact and just how dead to
rights this guy is. We'll get into that a bit.
Two other things that I flagged buck GLP ones. I
wanted to have it. I was even thinking I might
bring up this at the top of the next hour.
We want a positive story out there. American obesity has
(35:33):
gone down for the first time in decades, directly related
to the prevalence of GLP ones. And just wait until
Eli Lilly comes out with Redda truetide Retta as it
is known in communities where people are already getting this
on the black market or on the gray market.
Speaker 2 (35:51):
Clay, these are guys, These drugs are incredible. You know,
talk to your doctor, but this stuff really is credibly affective,
incredibly effective.
Speaker 1 (36:03):
I want to get into that with you because I
think it's super interesting. I've got some data on it.
And then this one kind of jumped out at me
and I thought, oh man, this feels like a major
cultural swing.
Speaker 3 (36:12):
We used to make fun of.
Speaker 1 (36:13):
People in Europe because a lot of the like Italy
in particular, guys would be living with their moms until
they're thirty five years old. There was a failure to
launch syndrome. This was wild to me. If you are
thirty or under, nearly half of people in that age
group adults now still live with their parents.
Speaker 3 (36:34):
What is that impact going to be.
Speaker 1 (36:35):
Obviously, housing costs is a big part of why that is,
delayed marriages, all of that. But a lot of thirty
year olds now living at home with mom and dad,
according to the data.
Speaker 3 (36:45):
We'll talk about some of that stuff Friday edition.
Welcome everybody to the Friday edition of Clay and Buck.
Speaker 2 (00:05):
And it is a doozy. I cannot believe it is
the middle of summer already, Clay crazy Town. We are
entering population all of us. I can't believe how fast the.
Speaker 1 (00:15):
Time is flying by old god Buck starting off the
show here.
Speaker 2 (00:20):
Yeah, you know, I was in the pool. We're teaching
speed how to swim.
Speaker 3 (00:24):
It's important.
Speaker 2 (00:25):
He's doing pretty well, doing fourteen months, doing pretty well,
actually fifteen months tomorrow. So gosh, he's going to be
driving before I know.
Speaker 3 (00:32):
You are learning.
Speaker 1 (00:33):
He won't be driving because self driving cars by the
time he's that age.
Speaker 3 (00:36):
No, that's true.
Speaker 1 (00:38):
But I was telling my eleven year old that the
other day in the car. I do think one of
the things you're going to learn as you as he
gets older. Summer is actually particularly scary when you have
young kids because you're often near bodies of water, pools, beaches, lakes,
all those things, and getting in the water as one does,
and they move so quick, and if they're not very
(00:59):
good at swimming, like it's probably for really young kids
one of the most important things that you need to
get them trained for. So glad that's going well. But yeah,
I remember those days, like you're sitting by the pool.
You got to be like a My wife had to
save two different ones of our kids who just ended
up in the deep end, right and get him.
Speaker 2 (01:19):
Yeah, wow, wow, Well, I can tell you one of
my favorite things in the world right now, share a little.
It's funny Clays like play is like he's like a
senior in college, dad, where it's like graduation is looming
and I'm like freshman in college dad, you know, just
sort of figuring out where the where the dining hall
is still. But my little guy when he when he
(01:42):
swims from the instructor, We've got a great instructor here,
swims from instructor to me and he makes it. He
stopped for a moment, make sure the water's out of
his eyes, and then he claps for himself. I think
is the greatest. I'm like, that's a kid with some
confidence right there. It's like, that's right, little man, you
did great, you did great. But he stops to give
himself a little of applause each time, which I love.
I love. Some people are saying it's the best, so yeah,
(02:04):
really enjoying that, all right, news it is a news program.
We are going to give you all the news. I
promise the ceasefire. Here's the short version of this. It's
not a ceasefire if everyone's still firing at each other.
So Trump talked about this and did in fact say, yeah, no,
the ceasefire is over. I think we've known that because,
like I said, a lot of stuff has been going
boom the last few days. We will discuss the Iran situation. Yeah,
(02:30):
this case Clay out of Minnesota where Tim Walls pardoned
a child sex offender, you know, child sexual assault criminal,
and Rubio has revoked this guy's legal status. We just
talking about that a little bit. We've got update from Mitch.
Speaker 1 (02:47):
I'm sorry, Scott jennings On, Mitch McConnell, Gavin Knew some
chatting about some things.
Speaker 3 (02:53):
Donald J.
Speaker 2 (02:54):
Trump International Airport officially now the West Palm Beach Airport,
which is a first world airport, unlike Miami International, which
is a third world airport. It's a shame. I don't
know why Miami has to have the worst. Some people say,
Clay O'Hare, I'm like you, o haair people are spoiled, Okay,
spoiled compared to Mia. I think Miami is the worst
(03:16):
large city airport. Will you co sign this or do
you have a worst one? I think it's the worst
large city airport in America, especially given it's like the
lifeblood of South Florida is visitors and travel and everything else.
It's it's absolute madness that the Mia Airport is.
Speaker 1 (03:34):
I intentionally fly into Fort Lauderdale so that I don't
have to go into the Miami Airport. I mean that
gives you some semblance. LaGuardia used to be like a
Greyhound bus station. It was awful. It's now very very nice.
It's beautiful now. You can say what you will about
New York folks. You fly in the LaGuardia the Delta terminal,
you know, you can get a Shiatsu while they're cooking
(03:56):
your Kobe beef right next to you.
Speaker 2 (03:58):
I mean, it's really nice.
Speaker 3 (03:59):
I think that go.
Speaker 1 (04:00):
I think I would go Miami as the worst major
airport in the country. I mean, I haven't been to
I've been to a lot of them over the years.
It's pretty awful. It's good. Your Nashville airport is like
a private aviation terminal. You people at you Nashville people,
you don't even realize you're spoiled. That's your airport. Sometimes,
I traffic gets really bad getting into Nashville because we're
(04:20):
such a popular tourist destination now and we really haven't
built the infrastructure for the airport all the way yet.
That's a small, relatively complaint. I love the Nashville Airport.
Speaker 2 (04:30):
I just wanta't you people in Nashville. Now, you guys
don't have state income tax and you have a I
would say at least an A minus, if not an
A airport, whereas Miami's an F. You can go watch Scarface,
same airport, and that movie was made in like nineteen
eighty four.
Speaker 1 (04:44):
You know what, I'm gonna give it a running here
at Dallas. Dallas Airport is truly awful, especially if you
compare it to National, which is maybe the best airport
in America. When you land in National, you can be
in DC anywhere you need to go in fifteen minutes.
Speaker 3 (04:59):
It's amazing.
Speaker 1 (05:00):
You land in Dulles like you're in the middle of
Virginia where you don't want to be. You might be
out there for like four hours, four hours in traffic
trying to get it out. And you remember they designed
it in like nineteen sixty five to be super high tech,
which is bad. It's like Epcot is not very high
tech now because it was high tech in nineteen sixty five.
You have to get on those people movers to go
(05:20):
around from one terminal to another, and you're like, what
is It's like you're on the surface.
Speaker 2 (05:24):
Look moon. Yeah, they look like the first things that
would get blown up in a Star Wars battle. You
know what I'm saying. Yes, they look like the things
that the Walkers would crush. Anyway, Yes, So, but Trump
has a very nice, very nice, very beautiful airport named
after him. We'll discuss that. And yeah, basically this is
this is where I'm trying to make sure it.
Speaker 4 (05:44):
Oh.
Speaker 2 (05:44):
I also, I know I'm talking about my son a
bunch today, but this matters for all of us. The
I set up a Trump account for him. Speaking of
Trump yesterday.
Speaker 3 (05:54):
How long did that take?
Speaker 1 (05:54):
We had a big discussion about that yesterday. For people
out there who haven't done it, you had to commit
how much time? How complicated it was it?
Speaker 2 (06:01):
Five minutes?
Speaker 3 (06:02):
Oh wow?
Speaker 2 (06:02):
Five minutes? The guys. I made sure my sister has
done it because she's got a little one who will
now Remember, even if you have a kid who doesn't
technically qualify for the thousand dollars starter from the Treasury,
you can still set up the Trump account, which is
a great It's just another tax advantage account that you have.
The the interface is very good, the app is very
user for it's they did this right. This isn't like
(06:24):
the Obamacare website which crash and nobody could you know,
the whole thing was a disaster and they spend like
a billion dollars to use nineteen eighty seven technology in
twenty ten or whatever. They did a really good job
on it. For you, for your kids, set up a
Trump account, and for any of the grandparents I have
grandparents out there, Yes, knit them a nice sweater, put
(06:48):
you on a hundred bucks for Christmas or their birthday
in the Trump account this year. Try to get in
that habit. Put one hundred bucks, put you a hundred
bucks whatever you can in that Trump account for your
grandkid because getting that start. You know, there's been more
and more conversation Clay as well online about what we
discussed yesterday, which is you need money actually for family
(07:08):
formation and to get going in your twenties and your thirties.
You know, having retirement money is great, but we need
to actually get people money earlier in their life stage
as well. I'm not saying someone's retired at twenty five.
I'm just we're talking with the Trump accounts. It's not
about you're going to retire at twenty It's not making
you a millionaire right when you get out of college.
(07:30):
But twenty grand, thirty grand, fifty grand to get you
going is just by investing in the American economy. It's
a very good plan. It makes a lot of sense. Okay.
Oh and Clay, there was also this, sorry this is
kind of a hard turn, but a Mexican national ICE
was involved in a shooting with a fifty two year
old Mexican national. We can give some of those, you know,
(07:55):
some of those details of the Mexican government's making a
lot of noise about it. Was a guy in the
country illegally, was it a legitimate enforcement operation?
Speaker 1 (08:02):
Did he resist arrest and pose a threat to officers?
That's what really should matter in all of that.
Speaker 2 (08:09):
But yeah, Clay, I think that the decision, or rather
the announcement by Trump that the ceasefire is over. You're
watching the gas prices super closely. We're gonna be drilling
in on this day and pardon the expression gas prices drilling.
We're gonna be drilling down into this every time where
it's in the headlines, because this will affect the midterms clearly.
(08:32):
The price of gas affects the price of a lot
of things as well as what you pay at the pump.
No big move on it right now. I'm assuming kind
of staying steady state mister Clay.
Speaker 1 (08:42):
Yeah, it's three dollars I was looking. I mean, obviously,
every time I say this, people have to tell me
what the price of gas is in their local gas station.
Price of gas is right around three dollars and eighty
cents a gallon on average nationwide, which is down about
seventy cents from the peak in May, should.
Speaker 3 (09:02):
Continue to come back down.
Speaker 1 (09:03):
All that I'll say is, and I do think that
I would love to hear from gas station guy and
gal out there who run gas stations on this. The
degree to which gas station prices go up rapidly and
come down slowly, I think does deserve some form of investigation,
by which I mean we had a little bit of
a spike in gas prices just in the last day
(09:26):
and a half with Trump saying, hey, the seas fire's over,
and they might have gone up four or five cents
some places. How can they react immediately to a little
bit of a spike in gas prices two or three dollars,
but they can't react instantly to a thirty dollars decline
in gas prices?
Speaker 2 (09:44):
Are you going full Bernie Sanders on this one? You
think this is like a gas cartel operating in a
shady fashion. You want government the analogy.
Speaker 1 (09:53):
The analogy I would make is it seems like it's
a lot easier to put on weight than it is
to take off weight. Everybody out out there who has
tried to diet compared to putting on weight is nodding along.
It feels to me like gas stations are very responsive
when gas prices go up at all, but they are
not very responsive when they come down. So, I mean,
(10:13):
my point on this is, I believe gas prices got
up to around one hundred and fifteen dollars on average.
This is futures gas. A barrel of oil and gas
price hundred fifteen dollars. They're now seventy two dollars, right,
So they've come down massively. When we went to war
with Iran, they were sixty eight dollars. We went to
war with Iran, gas prices were around three dollars a
(10:34):
gallon on average. We've gone up four dollars. Yet gas
prices are still three dollars eighty cents, still about eighty
cents higher. Trump has talked about this a little bit.
It feels to me like gas station prices are amazingly
responsive when they go up, but amazingly slow when they
come down. And I do think that that works to
their benefit in both directions. But when they don't come
(10:56):
down fast, they say, well, we can't adjust it that quickly.
But it or does seem like as soon as they
go up at all, they manage to adjust it in
a hurry. If that makes sense. I think a lot
of you are probably nodding along. I suspect that is.
And again, I'm not trying to take shot at gas
station owners and people who run those companies, because the
reality is they make almost no money off the price
(11:17):
of gas, so they're probably just trying to be particularly
protective of themselves. Most of the money that a gas
station makes comes when you go inside and buy something
in the gas station. Profit margin on a coke inside
of a gas station is super high, coffee, whatever, it is.
Profit margin on gas virtually non existent.
Speaker 2 (11:37):
So then how is the gas price being manipulated? Bernie?
What's going on?
Speaker 1 (11:41):
I think that they are adjusting in real time. Whenever
they see gas prices go up, they adjust them up
because it's easier and more protective of the business to
have them too high than it is to have them
too low, because their profit margin on gas is so small.
This is my analysis. I've never run a gas station.
Their profit margin on gas so slow that if they're
(12:01):
wrong on the downside, the cost is significant. If they're
wrong on the upside, they don't have much of a cost.
So it's protecting the business. Isn't that just what the
market will bear? Then why would it be Why look
into this? I mean, if they want to overshoot their price,
somebody can go to a.
Speaker 3 (12:16):
Different gas station.
Speaker 1 (12:17):
Well in theory, except how often do you see different
gas prices in close proximity?
Speaker 2 (12:23):
So you think there's collusion between the various station.
Speaker 1 (12:25):
I mean, I think I think it's not coincidental that
you have big, huge signs on every major intersection, and
every gas price is within one or two cents. Somebody
send me a picture of somebody that's fifty cents cheaper
across the street from another gas station. They always are
within a couple of cents of each other. Right now,
(12:46):
you're monitoring it easily. It's not like necessarily collusion because
you can look out at your neighbor gas station's price.
I've never seen in my life, buck, I mean this,
I've never pulled up at a gas station at you know,
for a big intersection. Right there's gas stations like three
of them most of the time. I'm like, I got kids,
I probably need to have one. Go to the bathroom.
Which one looks like it's the nicest bathroom. The price
(13:08):
is never very different right now the place Clay, Hold
on a second. When you pull up to charge your tesla,
do you chat with the fellow tesla owners about the
best pilates classes in the area?
Speaker 2 (13:19):
Do you guys, do you guys talk about it?
Speaker 1 (13:21):
I'm like, can you imagine that these guys actually have
to buy gas?
Speaker 3 (13:25):
Man?
Speaker 1 (13:25):
What are these what are these barbarians doing? All I
gotta do is just pull into my car, into my garage,
and I plug it in like my cell phone, and
I can just drive anywhere. If I keep hearing this talk,
I feel like you're going to show up with dyed
white hair, a button down collar and start saying start
saying things like the millionaires and the billionaire is you
(13:45):
know who has My wife was very anti Tesla. She
grew up in Michigan. Her family designed, her brother designed
cars for Ford like car culture Michigan. I don't know
that much about car cultures. She now loves the Tesla
and was talking the other day about how if they
could have a suv where you could fit, like a
real size suv, where you could fit all the kids
(14:07):
and all their gear and everything else. Basically that we
would only buy Tesla's for the rest of our lives.
I mean, that's how awesome they are. I just wish
they had I don't really like the cyber truck personally.
I wish they had a bigger suv version. This thing's amazing,
I'm telling you, And I was kind of joking you
were talking about your son. I was in the car
with my eleven year old driving him to football practice,
(14:29):
and we were riding along in the Tesla, and I said,
you're going to have to learn how to drive a
car because you need to know have that asset. I
said five years from now, by the time you're sixteen,
the self driving is going to take off on a
level that I don't think most people have even realized.
I think it's going to be like driving stick something
you want to know, but that actually very few people
very you know a stick shift?
Speaker 2 (14:50):
What's that?
Speaker 1 (14:51):
When's the last time you even drove a stick shift?
Speaker 2 (14:53):
CIA training twenty years ago. Yeah, I mean they made
us learn how to drive stick That was part because
you go to all these crappy countries where you're gonna
drive like cars from the sixties.
Speaker 1 (15:03):
So yeah, I haven't even seen a stick shift. I
don't remember the last time I got in like a
modern day car. We'll take your calls. By the way,
Friday edition will have some fun as well. To mark
the twenty fifth anniversary of nine to eleven Tunnel, the
Towers Foundation, undertaking the most comprehensive commemoration and its history,
one that honors the past and educates generations of tomorrow,
Tunnel to Towers Foundation created a cross country exhibit, bringing
(15:25):
a piece of the World Trade Center to as many
cities as possible. The effort is called Steel Across America.
The center piece is a twenty four foot steel beam
recovered from the Royal Trade Center. Today, the exhibits in
San Francisco open to the public as we speak. Steel
Across America travels through September to various landmark locations, sporting events,
and town squares. This symbol of resilience creates moments of
(15:48):
connection for those who lived through nine to eleven and
educational opportunities for those too young to remember. The Steal
Across America journey represents more than remembrance. It's a bridge
between generations, a reminder that the spirit of service embodied
by FDNY firefighter Steven Siller and so many others continues
to inspire Americans today. Go to t twot dot org
(16:10):
to learn more about Steel Across America and to donate
eleven dollars a month to Tunnel to Towers. You can
also amplify your impact with a car or land donation.
That's tea the number two t dot org last learn
and hang with the guys. Clay and Buck.
Speaker 3 (16:28):
Pre said on the iHeart app welcome back in play
in Podka.
Speaker 1 (16:31):
I was woking up during the break the gas prices
because I was curious exactly where they are. So as
I speak to you at this exact moment, the price
of gas seventy one dollars twenty four cents. It was
sixty eight dollars and change when we went into Iran
in February and began to bomb, So we have seen frankly,
(16:54):
almost no change between the end of February and right now.
I just think it's a fair question. We were at
basically three dollars a gallon on average nationwide in February
of twenty eight February of twenty six, right at sixty
eight dollars a barrel, they'd be up a little bit,
but it should be like three twenty three thirty relative
(17:16):
to where the price is now compared to where it
was then. I think that's an interesting question as to
why that is if you run an oil and gas station.
Did I get it right? Did I get your analysis
of pricing right? I would actually just be able interested
to hear from you why prices can go up instantly
based on what the market is doing. And it feels
(17:39):
like the markets that are pricing in the volatility because
everybody knows this around thing is going to be a
little volatile, but it's also not going to spiral out
of control. That's what I'm starting to see. No, And
I think the easiest answer to me is it's they
have way less risk when they're too high than when
they're too low, and they just don't make very much
money on gas, and so that's the reason. But I
would love to hear if I'm missing anything on that
super Shore can get you hooked up.
Speaker 3 (18:01):
You want to save some money.
Speaker 1 (18:02):
If you're running a business and a lot of people
out there are running businesses, or you're involved in helping
to run a business, and a lot of you out
there are certainly involved in that too as well. You
can make a tremendous difference in your community, in your
overall company. If you check out Supersure right now. Do
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Speaker 3 (18:37):
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That's supersure dot com slash clay.
Speaker 2 (18:54):
Do it today, Welcome back into clay in Buck. It
was a beautiful ceasefire, a big, beautiful ceasefire. But you
know that better than anybody. But look, you have a
thought about this before. It's not a ceasefire when they're
still firing. So Trump has said it has come to it.
Speaker 1 (19:10):
Guys, can you pull that for me, by the way,
where Trump is just officially coming out being like, yeh,
it's not really ceasfire. I think we should we should
talk about that. And there's also a lot of you
want to weigh in on the gas situation. See, this
is one of these things.
Speaker 2 (19:26):
It doesn't tend to get that much from the sort
of New York DC Beltway press in terms of attention.
Speaker 1 (19:34):
I mean, they cover it, but but the rank and
file American, the everyday american is absolutely every time we
talk about this, people say, I'm so glad you're finally
talking about us.
Speaker 2 (19:44):
It's been two days.
Speaker 1 (19:45):
I will also say this is one example I think
of New York City media. New York City media is
out of touch with a lot of what quote unquote
normal people's lives are. But most people in New York
City don't ever.
Speaker 2 (19:57):
Go to a gas station, don't have a car Clay, yeah, don't,
don't don't drive.
Speaker 3 (20:01):
Yes, So like the whole concept.
Speaker 1 (20:03):
Until I went to school on the East Coast and
actually spend any time in New York City at all,
there are I mean, look, there are lots of things
that are uniquely New York that do not translate to
the rest of the country. So the number one thing,
that's why I've been saying it for some time, number
one thing I think will matter the most if you
ask me, how will people judge the state of the economy.
(20:24):
People feel gas prices because they change constantly. You know
what it used to cost to fill up your truck
or your car. You know what it costs now. And
when you're standing there and you're watching that pump keep
going up, it is super frustrating. And so there's tons
of people who want to whatever every line lit. People
want to talk about this, how it's affecting them, what
(20:45):
they know about the industry, all of that.
Speaker 2 (20:47):
Jamie and Minnesota. Used to work at a gas station.
What's going on, Jamie, Hey, guys, Well, yes, it's true.
Speaker 5 (20:54):
I used to work at a gas station. Then I
kind of got to be friends with the franchise owner
and he explained to me how this works. So at
his particular gas station, I don't remember exactly how many
gallons his tank was, but he would buy it for pretend,
fifty thousand gallons of fuel to fill up his tanks
(21:16):
for the gas pumps at you know, roughly one hundred
dollars a barrel, and he couldn't lower the prices, even though,
you know, the next day the cost of barrels of
oil went down, you know, thirty dollars or something like that.
He couldn't lower the prices on his pumps until after
(21:37):
his tank was empty and he bought the next tank. Meanwhile,
the gas station across the street, they maybe had bigger
tanks or smaller tanks, and maybe they went through the
gas faster than his, you know tanks. You know, maybe
they had smaller tanks, and so the guy across the
street went through gas faster, and so he was able
to go and buy thirty Yeah.
Speaker 1 (22:00):
Totally understand that, Jamie, when it comes to why you
can't lower prices, my point would be, it's interesting that
guy could raise prices, right, And I'm not speaking specifically
for what your employer did. What I'm saying is gas
prices over the last three months have precipitously declined. I
(22:21):
understand that people have to pay sometimes the higher price. Right,
you paid ninety dollars and now it's seventy five, so
you have to charge ninety to get back.
Speaker 3 (22:30):
What I am.
Speaker 1 (22:31):
Saying if is if you paid sixty eight, which they
were a couple weeks ago, and now the gas prices
have gone up to seventy five, you're raising.
Speaker 3 (22:42):
Even though you paid a lower rate.
Speaker 1 (22:44):
Right, the gas prices go up way faster and way
more rapidly in coordination with what the price of oiling
gas is.
Speaker 2 (22:52):
Jamie, Can I ask you a question. I'm actually just
curious about this because you said you knew the franchise owner.
You know, they do these They have these tiktoks and
things they'll talk about, like business to own, bad business
to own. I mean, that's become a very A lot
a lot has it gone viral? Gas station did most
of them do? But I assume most of them must
do pretty well, right.
Speaker 5 (23:11):
I guess I don't really know. I was just a clerk.
Speaker 2 (23:14):
Okay, well, fair enough. I'm curious, do you have any
thank you for calling in? I wonder like that they'll say,
for example, this is this is pretty interesting. This is
a little side note. But I'm you know, I'm weaving,
like get starting it. Like being a part of a
Chick fil a franchise is apparently like to be the
you know, the owner, not owner, you know what I mean,
the guy running it. The franchise incredibly hard to.
Speaker 1 (23:36):
Get, like you only get one you can get, and
the owner has to work there, which is one reason
why the Chick fil a is so well run. You
asked a good question. I looked into all this. What
do you think a well? This is what I was told.
Some of you out there may have gotten different information.
What does a well run subway franchise make in profit
(23:57):
in a year? If revenue or profit?
Speaker 3 (24:00):
Profit?
Speaker 2 (24:01):
Profit? I mean, so I would guess that a subway
could make three million dollars a year, and if it's
well run, could do ten to twenty percent of profit.
How much close I was told a good subway would
do two hundred k and profit a year. Okay, so
if you're so, I'm right there. That's about us. Yeah,
Like the math is not far off because apparently a
good a well run McDonald's. For the another one, by
(24:22):
the way, where you have to have like previous restaurant
experience to be the you know, the h the franchise e,
you have to have some It's really really competitive because
they obviously want to keep it at a certain standard.
But you can make like half a mill to a
million dollars profit I think from a well run McDonald well.
Speaker 1 (24:38):
And the well run McDonald's then guys own a bunch, right,
so you can own ten McDonald's. I mean that burger
Kings like the Chick fil A is unique. I believe
in saying you only you only get one franchise, and
they require the franchise ee to actually work basically full
time in its place.
Speaker 2 (24:55):
If any of you own any of these things as
a franchise, will you please call on and tell me
how this works. I'm kind of curious, like for my
own purposes, but I'm also wondering how some of these
businesses work. You know the Wall Street Journal, Clay has
done all these great pieces and you know a bit
about this. In New York City, the perception is you
work in finance, you work in law, maybe you're a doctor. Otherwise,
like how do you even pay bills? And the and
(25:18):
the journal has done in recent years Wall Street Journals
done in recent years. Most millionaires own car dealerships. Most
millionaires own a you know, like a good HVAC company
that has maybe a couple of locations and has like
a good reputation. You know. This is what you find
out is that owning and operating businesses, you don't have
(25:39):
to start Tesla to do very well financially.
Speaker 3 (25:42):
I mean you can.
Speaker 2 (25:42):
You can do these things that are that are much
more run of the mill every day America and do
really well. So I find it calls we were getting
yesterday from people who said, Hey, I had a normal job.
I just balanced what I spent and I saved a
lot and I ended up a millionaire. If you can
become a millionaire in the United States, even if you
(26:02):
are not making two hundred and fifty thousand dollars a year,
just by being a good financial steward of the choices
that you that you make. And as we said earlier yesterday,
which I thought was really important, just by making good
financial choices starting when you're young and learning habits that
make a lot of sense.
Speaker 1 (26:22):
Jim Tennessee, gonna take it. We still have Jim far away, Jim,
let's go, Jim.
Speaker 6 (26:31):
Yes, I've got the other half of the answer as
to why prices go up so quickly. And the reason
is they don't set the prices based on what they
paid for it in the tank already. They actually charge
you for what it will cost to refill it. So
if it's one hundred dollars a barrel it juts to
one twenty, they're gonna have to pay that to refill it,
and so they're allowed to charge you for what it
(26:52):
costs to refill that tank. And she is correct about
how the price goes down slowly because until they sold
it at the for the price they bought it at,
it's not going to go down any cheaper. But that's
why it goes up so quickly.
Speaker 1 (27:07):
But that that is a I think probably the number
one complaint you hear is thank you for that explanation.
Gas prices can respond instantaneously when things go in a
negative way. It takes a very long time for them
to respond, and I'm saying positive meaning prices coming down,
because the average person would consider lower gas prices to
be positive. Thank you for the call. We got a
(27:32):
bunch of other guys that have a variety, Dan and Florida.
Speaker 3 (27:36):
What you got Dan?
Speaker 4 (27:39):
Hey, how you guys doing today?
Speaker 3 (27:41):
We're great.
Speaker 4 (27:44):
I just wanted to put my two cents in. If
you have an unlimited amount of customers and you can
charge a little bit more, what the you know what
the what they'll pay you're going to I'm a painter.
If I had an unlimited amount of people wanting their
house painted, you would naturally go on the upper end
(28:07):
of that, not the lower end. I'm just saying, and
I'm not blaming the people that own the gas stations.
I'm blaming the oil companies.
Speaker 3 (28:16):
Thank you for the call.
Speaker 1 (28:17):
Again, what I would say about gas stations is if
you're anger, and I know that gas station owners and
gas station employees have to deal with this. People take
out their frustration on gas prices with them be very
little control over it, and I appreciate trying to explain
why the prices move faster up than they do down. Again,
stations make their money off of what they sell in
(28:39):
the gas station, make a penny or two off of
the actual gas. What I find to be intriguing is
this is where I circle back around. I said earlier
this week, buck I think that I would put every
dollar spare dollar I have into BUCkies if if I
had the choice. And if you haven't been to a BUCkies,
it's an amazing experience.
Speaker 2 (29:01):
I still haven't been to a BUCkies.
Speaker 1 (29:02):
You gotta go one. I gotta go to a buck
I mean their business. Their business which is actually becoming
super impressive, even more so to me, is they now
produce much of what they sell inside of the BUCkies.
In other words, they have their own branded popcorn, They
have their own branded potato chips, they have their own
branded SODA's.
Speaker 2 (29:23):
So well, isn't that Costco's best profit center right is
the Kirkland brand stuff. Yeah, and Kirkland brand stuff is
very now now is where we get the emos? Like
Costco is such a left wing company. Guys, tell my wife, okay,
she she loves that place. I can't get it. I
can't get her to quick Costco. It's always kind of
right now.
Speaker 1 (29:41):
I love Costco and the Kirkland brand, everything but golf
balls pants. Uh, you know, like they make everything Kirkland brand.
I wear a lot of the Kirkland brand products there.
I know, we had a we had a we had
a Lutheran missionary who like we us his own clothing,
who wrote in it was very mad that you don't
(30:02):
understand the amount of care and time that goes into
him knitting himself a kerchief.
Speaker 2 (30:08):
But it is actually true. People often look at television prices.
Speaker 1 (30:13):
It's not just television price, it's television price price and quality.
Over the last call it thirty years, you can now
not only get a television for a fraction of the
price used to pay for TVs, but also they're like
seventy inches, and they're flat screen, and they're super high deaf,
and there's all this amazing stuff. You were talking about
clothing and clothing as being a sort of more disposable
good if you will, and it actually turns out that's
(30:37):
also true. Clothing price is relative to clothing price relative
to quality. You can get now a really nice you know,
go into a kirk Lit or go into any number
of stores. You can get a really nice T shirt
for like eight bucks. Yeah, you know it's insue, it
soft and you know that's my point.
Speaker 3 (30:56):
Old Navy.
Speaker 1 (30:58):
For the price of checking a bat it's fifty or
seventy five dollars to check a bag to fly on
an airline now, which is highway robbery, I think.
Speaker 3 (31:07):
But you can go into an Old Navy. This was
my argument.
Speaker 1 (31:10):
If you're traveling somewhere, go into an Old Navy and
for fifty bucks for a guy or kids, certainly you.
Speaker 3 (31:18):
Can get four outfits.
Speaker 1 (31:20):
I mean, it's crazy, Like I went on their website
to make sure T shirts are four dollars at Old
Navy now buck four dollars for a T shirt. I mean,
that's unbelievable. And then they got all the shorts and
everything else. I'm not an Old Navy shareholder that I
know of, I mean.
Speaker 2 (31:35):
May be also, I give I mean, I know you
say that, like you've told us that sometimes Laura likes
to sell your clothing, which is it just people just
want essence of clay that badly, but we give, you know,
wearable stuff that we don't want anymore. You know, there's
a lot of church drives and things like that where
they're happy to take it, and people, you know, they're
(31:55):
guys walking around in suits that I'm too fat for
too skinny for that. You know, there's a lot of
use you can get out of this stuff now, So yeah, Laura, Yeah,
would do with yard sales. And I just you know,
the amount of time that gets spent on a yard sale.
Women love yard sales more than this would be a
(32:17):
great This would be a great fun topic. What do
women love more than men? What is the yield difference between.
Speaker 1 (32:24):
Like something that women love that men are like just
not interested in at all? Yard sales has to be
near the top of the list. I think shopping for
anything in person, by the way, I want to shed
whatever shopping I do is done on my phone in
my hand, Like I don't want to go anywhere. Women
(32:44):
still like to go and have that tactile experience of
whether it's the clothing or the fruit or the whatever,
they want to actually experience it. So yeah, no, that's good.
I would love to see that that yield. What do
men and by the way, men sports would be one
that I think, and I know women like sports too,
but sports would weigh over index for men compared to women.
(33:04):
Shopping certainly would weigh over index yard sales. I'd never
heard a guy be like, you know what, I can't
wait to do yard sales. Women wake up at like
four am to go to yard sales. I don't understand it.
Speaker 2 (33:16):
Speaking of things of sentimental value which you might see
at a yard sale. But you probably aren't selling those
old VHS tapes at a yard sale because nobody wants them,
because how are they going to watch them? But you've
got these incredible sentimental pieces of media that have old
birthdays and holidays and sporting events that your kids were
in or your grandkids or whatever.
Speaker 1 (33:36):
What do you do with them? Legacy Box, my friends,
we've got the answer. And you've been here in just
talk about Legacy Box for a while, and so many
of you have experiences and you love it. But there
are some of you out there who are like, oh,
I don't know, I got that old box of tapes
in the attic or wherever. Legacy Box will digitally transfer
up to nineteen different types of old media so you
(33:57):
can enjoy them again. They make it digital, so now
it exists in the cloud or on a thumb drive.
They send them back to you, by the way, in
a special box. First they send you the box, then
you send the box to them. And they'll send everything
back to you along with the digitized files. It's really
a fun and easy process. Your family story is important
to you and future generations. Don't let those memories fade away.
(34:18):
Shop Legacy boxes sale today at legacybox dot com, slash
buck that's legacybox dot com, slash buck precentor.
Speaker 3 (34:25):
Pas claim buck on the iHeart app.
Speaker 1 (34:28):
I got a couple that I filed a way that
I think would be interesting to talk about. As it's
a Friday edition of the program, we'll get into a
little bit more on Iran. Trump says sees fires over,
but even even I'm watching MSNBC, CNN, Fox News, it
feels to me like many people have turned the page
on Iran, and it is there's not a lot of
(34:50):
expected outcome that is going to be significant, and it
kind of feels like groundhog Day. We'll talk about that
a little bit. The Tyler Robinson evidence that Charlie Kirk assassin.
It was ten months ago today that Charlie Kirk was assassinated.
The evidence that has come out has been overwhelming, overwhelming
(35:13):
in terms of its impact and just how dead to
rights this guy is. We'll get into that a bit.
Two other things that I flagged buck GLP ones. I
wanted to have it. I was even thinking I might
bring up this at the top of the next hour.
We want a positive story out there. American obesity has
(35:33):
gone down for the first time in decades, directly related
to the prevalence of GLP ones. And just wait until
Eli Lilly comes out with Redda truetide Retta as it
is known in communities where people are already getting this
on the black market or on the gray market.
Speaker 2 (35:51):
Clay, these are guys, These drugs are incredible. You know,
talk to your doctor, but this stuff really is credibly affective,
incredibly effective.
Speaker 1 (36:03):
I want to get into that with you because I
think it's super interesting. I've got some data on it.
And then this one kind of jumped out at me
and I thought, oh man, this feels like a major
cultural swing.
Speaker 3 (36:12):
We used to make fun of.
Speaker 1 (36:13):
People in Europe because a lot of the like Italy
in particular, guys would be living with their moms until
they're thirty five years old. There was a failure to
launch syndrome. This was wild to me. If you are
thirty or under, nearly half of people in that age
group adults now still live with their parents.
Speaker 3 (36:34):
What is that impact going to be.
Speaker 1 (36:35):
Obviously, housing costs is a big part of why that is,
delayed marriages, all of that. But a lot of thirty
year olds now living at home with mom and dad,
according to the data.
Speaker 3 (36:45):
We'll talk about some of that stuff Friday edition.
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Buck Sexton
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Betrayal Weekly
Betrayal Weekly is back for a new season. Every Thursday, Betrayal Weekly shares first-hand accounts of broken trust, shocking deceptions, and the trail of destruction they leave behind. Hosted by Andrea Gunning, this weekly ongoing series digs into real-life stories of betrayal and the aftermath. From stories of double lives to dark discoveries, these are cautionary tales and accounts of resilience against all odds. From the producers of the critically acclaimed Betrayal series, Betrayal Weekly drops new episodes every Thursday. If you would like to share your story, you can reach out to the Betrayal Team by emailing them at betrayalpod@gmail.com and follow us on Instagram at @betrayalpod and @glasspodcasts. Please join our Substack for additional exclusive content, curated book recommendations, and community discussions. Sign up FREE by clicking this link Beyond Betrayal Substack. Join our community dedicated to truth, resilience, and healing. Your voice matters! Be a part of our Betrayal journey on Substack.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com