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August 1, 2024 • 17 mins
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Speaker 3 (00:02):
Uh, here you go.

Speaker 1 (00:03):
We have a partly Sunday with a chance of showers
and storms. They say it'll have an afternoon if we
get them. Ninety one for the High. More showers and
storms likely over night down to seventy two, another chance
for those tomorrow, otherwise partly sunny in eighty seven for
the High down to seventy overnight with likely showers and storms.
Follow by another chance of sowers and storms on Saturday,
with the mostly Sunday day otherwise and I High eighty
six seventy four right now. Time for traffic from the

(00:26):
UCL Traffic Center.

Speaker 2 (00:27):
No matter the injury, you see how Arthur Pedix sandsplots medicine,
redefines recovery to get you back to doing what you love.
Called five one, three, four, seven, five eighty six ninety
North Bend, seventy five crews are working with an accident
near Richwood Road that has the left lane blocked off.
Traffic slows a bit to get five, then slow again,
buttermilk into the cut. That's a wreck northbound two seventy

(00:50):
five above Kilby that's slowing traffic and a wreck down
just outside eleven and on forty eight at Cook Chuck
Ingram Month fifty five KOs see the talk station.

Speaker 1 (01:02):
Hey thirty one see boy Kersey Talks Station Love this
time a week because get talked to. iHeartMedia aviation expert
Jay or Ratlive also stock Trader extraordinary. That's his business man.
He teaches people how to trade stocks and that's where
he makes the money. Jay Rtliffe. Always great to have
you on my program. And my reason I mentioned the
stock thing again at the outset is because of the
FED statement. Yes, it looks like we might get a

(01:22):
rate cut in September, conveniently in advance of the November election.

Speaker 3 (01:27):
It's gonna be fun to watch because Jerome Powell, I
do not believe, based on his pass as a fedchair,
has been swayed one bit at all with regards to
any political pressure from either side. And if they do
drop something in September after years of not having any
interest rate cuts, if they do it, it's gonna tick

(01:49):
off the Republicans. If they don't do it, it's gonna
tick off the Democrats. So it's gonna be interesting to
see in September how things go. But Brian, there's a
lot of real estate between now and then and this
is a This is a historical week you and I
are talking in because the tal the to infinity and
beyond buzz light year crowd. We have seen the doll
at forty one thousand this week. Yeah, we've also seen

(02:12):
the national debt hit thirty five trillion. I hear people
talking about the doll which is a couple dozen stocks,
blah blah blah. But I don't know at what point
you get worried about the debt when you're spending so
much on interest that it exceeds what you spend on
your national defense. But it just nuts. And of course,
of those two records this week, we only seem to

(02:34):
be talking about one.

Speaker 1 (02:35):
Yeah, and I saw a report this morning. I guess
one of the auditing offices in the government or whatever
was doing analysis of the status of our national defense
relative to China, for example, and this whole concept that
we may be on a multiple war front and basically
said we'd lose, I mean, we could not beat China.
And what their suggestion was in this report is brace yourself.

(02:57):
The budget for the defense should be between one point
three trillion to as high as four point five trillion annually.

Speaker 3 (03:05):
Yeah. See, and if you're worried about it. You're serious.
If you're serious, excuse me, Brian, about protecting our way
of life and allowing our kids and grandkids to enjoy
what we've been blessed with this idea that we can
kind of you know, pay for programs at the expense
of national defense. I'm sorry, you just can't do it.
I wish you didn't have to, but look, this is
this is how the world is. It's always been and

(03:27):
sadly probably always will be, and you just have to
take precautions. And sadly, appeasement and so many other things
tend to get in the way of people who want
to give everybody the benefit of the doubt. The problem
is when you do that and you find out they're
not what they're saying, there's something else, it's too late
for you to defend yourself, and you know, then you're
the point where much of what people have laid their

(03:49):
life down on we just let slip through our fingers.

Speaker 1 (03:52):
Yes we do. Anyhow, Moving away from that gloom and doom.
Oh look, Delta's out five hundred million dollars because of
crowd Strike five. They're gonna sue CrowdStrike, which I understand
they probably have to do. Their insurance company would insist
on it because something tells me Delta has business interruption insurance,
but it probably doesn't kick in until more than ten
to twenty million dollars of losses with a large multi

(04:12):
billion dollar corporations self insured retention. But this is just
the tip of the iceberg for CrowdStrike, because there.

Speaker 3 (04:19):
Was it's unbelievable that so many industries were impacting. Of course,
Delta was the airline that was the most and of
course you know the CEO for Delta at Bastian who
is here with us with calm Arat for a period
of time, Who's leading Delta. He was under a lot
of pressure because the minute it hit, well, he had
a prior engagement to go to the opening Olympics and

(04:41):
of the opening ceremony, so he jets off to Paris
while the whole airline's just falling apart, and the employees
are like, okay, maybe you couldn't do anything, but at
least you can be here to be here with us,
and instead he zips off. Delta is the airline of
the Olympics. I get that, but I think I think
a better leader would have said you know what, I'm
gonna roll up my sleeves. I'm going to stick with

(05:01):
my folks so that and I'll send somebody else to
take care of what I need to be doing somewhere else.
He didn't, And of course, Delta canceled more flights in
a weekend than they canceled normally in an entire year. Yeah,
and I mean Delta's gone one hundred days in a
row Brian without a single flight cancelation before anywhere in
the world, zero flight cancelations, one hundred straight days, and

(05:24):
then you've got a period of four to five days
where they canceled more than five thousand flights. I mean,
it was absolute chaos. And yeah, I mean it's going
to be something they're going to be passing on the
Department of Transportations also looking into say, hey, why other
carriers had twenty two to twenty three hundred cancelations and
you guys had two plus times that. You know, why

(05:46):
did you drop the ball as bad as you did?
And I think that that's a legitimate question that demands answers.

Speaker 1 (05:51):
It is, even though crowdstrikes fault, there is a legitimate
question built into that. You just pointed it out. We'll
continue with Jay Ratliffe in a moment. Got quite a
few topics to go through eight thirty six. Right now,
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fifty five car the talk station I'm really excited about
Mark carecy talks station. I heart mediaviation expert Jay Ratliffe.
Real quick, Jay, I know you sent me a list
of topics, and I promise I'm going to get to
them after I ask another question unrelated to the topic list.

Speaker 3 (07:38):
Because I know you're fucks please, I expect at least yeah.

Speaker 1 (07:43):
I know we talk about Boeing all the time. We
have lots of problems with the Bowing seven thirty seven max,
the manufacturing pro and in production problems, et cetera, et cetera,
et cetera. We got a couple of astronauts that are
strand in and outer space.

Speaker 3 (07:55):
What and what's on the side of their space craft
a Bowing dicker?

Speaker 1 (07:59):
Right?

Speaker 3 (08:00):
If that's not tempting fate, brother, I don't know what
it is. I would go into space any day of
the week. But if there was a Bowie sticker on
the side of that, bad boy, I'm sorry. I don't
think I could even at the lifelong bucket item list.
I couldn't do it. And need poor people, I mean,
and they're trying to keep the best face about it,
but I mean, are they going to just they ran

(08:22):
a series of tests this week on various thrusters, and
they've got almost thirty that they were testing to see
how things were going and how much they leaked and
how much they didn't and everything else. And it's just
been nuts. I mean, I was worried about them getting
up there. I didn't for the first second worry about
him getting back. And I was kidding people saying, you know,

(08:43):
Life Alert makes this device that helps if you can't
get up. What about if you can't get down? I mean,
these poor people have been up there for a long
period of time, and is it going to take somebody
else to go up and bring him back? I don't know.
But if Bowe needed, all they needed was that to
go off that hitch and they finally had their single
piece of good news for the year. And Brian they

(09:04):
couldn't even do that.

Speaker 1 (09:06):
I know it's one of the reasons I bring it out.
It's like piling on, but it's all brought about by
their own wealth failures. But I mean my understanding is
that capsule whatever they're in has a finite life to it,
that like maximum ninety days max. And they've already been
up there like sixty and to.

Speaker 3 (09:22):
Their credit, they're not wanting to do anything that's going
to kind of push that envelope too much. To their credit,
they're saying, look, we may be embarrassed out of our minds,
but we're going to make sure that it's exactly as
it needs to to bring these two people back. And
I'm going to celebrate that because those engineers are trying
to do everything they can. They only have so many options,
and at that point in time, then you're going to

(09:43):
have to say, okay, once we pass that shelf life,
if you will have this particular vehicle at a single
time and space, what's going to happen. I just I
don't know, and it's going to be interesting. But I
feel for those people, and look, I mean, they may
be having the time of their life saying cool. It's
like I've been on some of these vintage airplanes that
come in, like a B twenty nine to Lamb and

(10:05):
somebody's on the runway. They got to fight to go around.
It takes twenty more minutes to come back and land.
I'm loving it because it's more time in the aircraft.
Maybe they're enjoying that extra time in space. I don't know.

Speaker 1 (10:15):
Well, they would have had to pack in a heap
load of value for me to get on that thing
to start with, and I would need massive quantities on
a daily basis because I'd be freaking out.

Speaker 3 (10:26):
You know, you're a bunch of professionals, and look for
a lot of them, this has been a lifelong dream
and it's you're getting it, and then you're getting extra
time it's you know, if you're wired that way, this
is something that you're up there contributing, having a good
old time. And I mean the book you can write
when you get back I survive Boeing. I think it
would be a best seller, fair enough.

Speaker 1 (10:49):
Not me. I'm not signing up for that job. Okay,
call me yellow, call me a whim. That's okay. I
can live with that. And let's see here, airlines can
chalk up a win right.

Speaker 3 (10:59):
Now, temporary when I guess we could call it that.
Back in April, the Department of Transportation, after like three years,
finally decided that they were going to require airlines to
issue all the upfront disclosure fees airline fees back then,
everything right up front, so that long before we got
to the checkout. Now, wow, where did all this come from?

(11:22):
Consumers could make a better decision, which I thought was great.
And again I've told you I don't like to Biden
administration at all, but I love how the Department of
Transportation has gone after airlines trying to make them do
a better job in treating us better. Well, the problem
is now that we have a US Appeals Court that's
blocked that dot new rule on upfront disclosures. They're saying,

(11:46):
pending a full review of the regulation. In other words,
there's a ton of airline pushback. And initially when this
came out, the airline's initial response and this is so laughable,
but it's predictable. They said, well, we don't want to
do this because we don't want to overwhelm the consumer
with too much information. It's like, come on, what make

(12:06):
a light? I mean that just I thought, great, yeah,
that's about my blood pressure.

Speaker 1 (12:12):
That's the best legal could come up with.

Speaker 3 (12:15):
I guess what are you paying these people for? But
they're also saying, look, if we do this, it's going
to take millions of dollars in upgrades to our website
so that we can provide the information that's needed. Well,
I'm sorry. If that's what's required, so be it. So
we're going to see where it goes. Brian, I hope
that this uh continues because I like the idea that

(12:35):
the consumer is armed with more information. And it bothers
me big time that the airlines are pushing back successfully
and they've got this temporary and that's what it's been
called back called right now just kind of a temporary
block as everything's kind of reviewed, and you know they're
gonna have oral arguments and all the stuff you understand
that I get lost in. So we'll see where it goes.
But you've got American, Delta, United, Jet Blue, and Alaska

(12:58):
Airlines were among the airlines that were joined by a
trade group, Airlines for America, which is their lobbying group
big Time to try to They started this process legally
in May to block these upcoming rules, and now we'll
see where it goes.

Speaker 1 (13:11):
Well, you know, it bothers me because they have the
information in their possession, and how difficult can it possibly
be to break down the net figure into a line
items which show exactly how they arrived at that figure.
It seems like it's an obligation in the consumer.

Speaker 3 (13:26):
It would be, but we're also you and I talked
previously about airline computers melting down under stress, so it's
not like we're dealing with the latest and greatest in
technology here, my friend. I mean these And the funniest
part was that one the one airline not impacted was
Southwest because their computers were nineteen ninety six. They didn't
need that date. And they're jumping around like, hey, not

(13:49):
a single one of our flights was impacted walking around
like George Jefferson. Yeah, that's because you know you got
these super old computers. Yeah.

Speaker 1 (13:56):
We joked about that last time with the five of
it five and a quarter. It's flopp drives over at
south left. Oh my, well, I hate to part company
with you, Jay Ratliffe, but I suppose it is that
time out of topics on the list, and I know
that we always I.

Speaker 3 (14:09):
Mean, you can, you can you can talk about the
Boeing CEO real quick? Oh go ahead? Yeah? Yeah. Kelly
Ordberg is the guy's name. He's landing the job as
the next CEO of Boeing. I don't know if he's
been cursed or blessed, but I've been asked a lot
about what I think about this guy in Brenton. I
want to like him. I really like what I'm seeing here.

(14:31):
He's he's got a degree of mechanical engineering, something that
the CEOs in the past have not. They've had accountants before.
This is a guy that climbed the ranks over at
Rockwell Columns. He's an aviation expert. The industry really respects
this guy. His past roles. He's had such a great

(14:52):
relationship with unions. He walks the floor, talks with employees,
rolls up his sleeves. He's in the mix, trying to
find out what can happen. And when I heard about
the attorneys for the families of the Boeing seven thirty
seven Max families, the attorneys like this guy oh on
the opposition, and I'm thinking it's great. And the best

(15:13):
line I heard was that this guy has the opportunity to,
in essence what they're saying, the turnaround of the century.
But if he fails, he's going to be rich. If
he succeeds, he's going to be a legend. And Brian,
I'm sorry, I'm it's I'm fighting it, but I am
cautiously optimistic. Wow that this guy could do something. But

(15:34):
like every politician that goes to d C with this
idea that they're going to change things when you get there,
sometimes things change and we'll see if he's stronger than
Boeing or not. But when he worked at I think
it was rockwell. He butted heads with Boeing. I just
I like so much of this because this might be
the temperament that you need. I'm just hoping he changes

(15:57):
them instead of them changing him.

Speaker 1 (15:59):
No doubt about well, I won't suggest it's a by
opportunity now at one hundred and ninety dollars a share,
But if he turns it around, I know what it
was trading at a long time ago, and it was
a lot better than it is now. Jay Ratliffe Hub
delays what's where a good day to travel?

Speaker 3 (16:14):
Chicago Minneapolis? It could be the two hubs that could
see some impact on and off the whether it's the
lays of an hour or so. Rest of the country though,
and in good shape, and yeah, it's gonna be a
busy day to travel. So if you picked the day
other than those hubs, you pick a good one to fly,
show up early, big time, big time always, Jay, rylife
until next Thursday. Man.

Speaker 1 (16:34):
That's the health to you and your better half, and
have a wonderful weekend while you're at it too.

Speaker 3 (16:38):
Thank you, sir.

Speaker 1 (16:39):
My pleasure eight fifty to fifty five KRCD talk station.
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As a matter of fact, one of the worst days
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What does it mean? What you need are great cancer doctors.
And thank you as always to my friend Joni for saying, Brian,
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Speaker 3 (17:38):
Your summer of saving

Brian Thomas News

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