Episode Transcript
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Speaker 1 (00:01):
After March Madness. It's the Majesty of the Masters this
year with the addition of the windmill on the thirteenth
Green and the Clown's Mouth water hazard on seventeen, making
this year the most challenging at the Masters on CBS.
Speaker 2 (00:25):
National Beer Days celebrated in April seventhly for beers, Beer
is for Breakfast Tracks Day, the Apple Today is National
Beer Day?
Speaker 3 (00:34):
Is it beer beer? It is ye beer, my beer,
my beautiful bear.
Speaker 4 (00:39):
I'll have the beer.
Speaker 2 (00:41):
Beer is National Beer Day today? Have another beer beer shield.
Speaker 5 (00:45):
Tell in this present crisis, government is not the solution
to our problem. Government is the problem.
Speaker 4 (00:58):
This is Charlotte County Speak, your chance to let your
voice be heard on local, state, don national issues, and
now broadcasting live from a dumpy little warehouse behind a
taco bell, the host of Charlotte County Speaks, Ken love Joy.
Speaker 2 (01:15):
Thank you, Johnny News Radio fifteen eighty one hundred point
nine FM, WCCF. This is Charlotte County Speaks. Ten eleven.
Is the time phone lines nine four one two zero
six fifteen eighty toll free eight eight eight four four
to one fifteen eighty. As we head to those phones
right now, we're one. Dan Perkins waits Dan, how you doing, sir?
Speaker 3 (01:39):
Important? Thank you and yourself good. It's it's been a busy,
rocky week in the markets, and that's what I want
to talk about a little bit today. All right, first
thing I want to talk about is gasoline prices. Okay,
I'm going to give you a whiteboard presentation that is
pretty straightforward. To figure out what the price of gasoline
(02:03):
should be at the pump, you do the following. You
take the current price for a barrel of oil sixty dollars,
and you take forty two and divide that into sixty dollars.
Forty two is because there are forty two gallons of
(02:25):
gasoline and a barrel of oil. So you take forty
two and you divide it by sixty and you're about
a buck forty. Now you have to add in sales tax,
local taxes, and federal taxes. That's about sixty cents. So
right now, the pump price for a general of regular
(02:48):
gas should be around two dollars to two dollars and
five cents.
Speaker 2 (02:52):
Oh well, but it isn't.
Speaker 3 (02:56):
But it's it.
Speaker 6 (02:57):
It's they're gonna they're not going to come down immediate
to that level immediately, they got to work out with
a littilatory through. But that's sixty I'm sorry, go ahead.
Speaker 2 (03:10):
Right now, we're looking at three twenty two. Sunday Sunday
state average was three nineteen per gallon in.
Speaker 3 (03:19):
Florida, right, And I believe that if we stay at
this sixty dollars a barrel range, within a week to
ten days, we will be below two dollars and fifty
cents headed towards two dollars. Now, gotta like it.
Speaker 2 (03:37):
I know some boys with the truck nuts and some
big rigs out there that are really pleased to hear that.
Speaker 3 (03:43):
Dan. Yes, well, let me tell you how. Also, it's
important for every penny the price of gasoline falls at
a pump adds one hundred billion dollars of money in
the consumer's pocket every penny. So when you think about
(04:08):
we think about the price of oil, and most of
the time we think about the price of oil and
what it does to the price of gasoline of the pump.
But it's much more than that. There are thousands of
products that use crude oil to be manufactured that are
not energy products. Pharmaceuticals and plastics and all that stuff.
(04:29):
Feedstock for farmers petrol gasoline to run their or diesel
to run their tractors. So that when you start taking
that kind of money out of the price of crude
oil and down to the distilled products, you're going to
see an opportunity to put a lot of money in
(04:49):
people's pockets in a hurry. So I don't see a
rationale of why crude oil should go back to, you know,
eighty dollars in barrel anytime soon. So I think we're
in that and sixty may be the bottom this time around.
(05:10):
It could it could possibly go lower. But the other
thing is it's going to start freeing up money that companies,
even small businesses who have people who like be drive
cars to get around do their jobs. Lower gas prices
means that there's going to be and so what's happening
(05:34):
is that that's going to work its way through the
economy and that's going to put money in people's pockets
and they're going to be able to spend or say
or do whatever they want.
Speaker 2 (05:43):
Yeah, you'll have lower transportation costs, you'll have you know,
which is going to be like you know, giving more
profit to the companies too, and they might wind up hiring.
Speaker 3 (05:56):
Now point two. Now we're going to talk about equit
Okay stocks. Japan was off ten percent yesterday overnight, China
was off five. We opened this morning at the worst part,
we were down about seventeen hundred points on the Dow
(06:20):
Okay as we're speaking right now, there's been a massive reversal.
And what's happened is at the price of the index
has turned positive. We had a seventeen hundred point move
down and a seventeen hundred point move up in forty
(06:40):
five minutes this morning in the US market. So I
did a show on Saturday talking to people. You have
to be careful what you listen to, because you have
pundits who are sometimes called democrats, who are telling the
(07:01):
world that the world's coming to an end because of
all the problems with Trump's parffs and everything. The markets
are going to collapse, We're going to go to zero,
We're all going to get broke, and it's calamity. They're
not very good forecasters. They have a terrible reputation of
being forecasters. And this reverse this morning and now, where
(07:23):
the rest of the markets around the world are still down,
is extremely positive. I don't want to get overly technical,
but I just want your audience to try and understand.
I mean, I've been in this business for over fifty years.
I've seen every market downturn, and eventually everything reverses itself
and goes back up, says new Hives. When I was
(07:47):
working for Merrilnch in New York, I came up with
an idea for a new mutual fund, and it was
the first global government fund ever done. It not only
invested in the government debt of the industrialized nations around
the world. And I worked with Massachusetts Financial Services, which
(08:08):
was the oldest mutual fund company in the United States.
Management company, and I went to my friend who was
the partner in charge of fixed income. They loved the idea.
They had a relationship with Lombard Odier in Geneva, Switzerland,
a major Swiss bank, and we put together a product
and we sold it millions of it, millions and hundreds
of millions of dollars of it. I was and I
(08:30):
spent many many trips back and forth between New York
and Geneva working with the management team and putting together
the prospectives and all that stuff. But I had an
opportunity to meet mister Lombard of Lombard, Odia and C,
which was the private Swiss bank, and we went to
dinner and he was very, very kind and generous. He
loved the idea, thought it was a great idea, and
(08:53):
so I took the opportunity to ask him this question,
what is the difference or is there any between the
way Americans invest and the way those Swiss bankers invest?
He said, mister Perkins, it's a very simple answer. It's
in fact, it's the one word answer. I said, Okay,
what's the word dead emotion? American investors react with emotion.
(09:19):
They make decisions based on emotions to buy ourselves. If
you look at the headlines over the working over the weekend,
some of the money guys were saying, well, it's it's
a route, it's a run, it's a panic selling. Mister
Lombar said, you look at your portfolio. We look at
our portfolios, and we make investment decisions based on the facts.
(09:41):
We do not let our emotions get involved in making
serious decisions about what we do with our money. And
I took that and I've used it in my practice
for forty years, telling people what Marcus go up Marcus
go down when they go down and gets scary. But
don't need to get scared, or I always have cash
(10:02):
in the portfolio because these declines present opportunities to buy
something that you didn't buy because you couldn't afford. It's
now cheaper. The market crash of nineteen eighty seven, I
was in Boston with another money management firm and Thorn Dyke, Norn,
(10:22):
Payne and Lewis, which you wouldn't know, but you would
know them under Vanguard. They were the private money managers
for many of the Vanguard portfolios, and one of the
major portfolios was by the icon John Neff. And I
was in the morning call the morning after the huge
define in the market, said he said to all of
(10:43):
the portfolio managers, and I was sitting in the room.
He said, I never thought I would get a second
chance to get rich again. Well, he bought the market,
and I bought the market. And so if you have cash,
you can buy when you have buying opportunities like we
have right now. And I say to your listeners, don't panic,
(11:06):
don't sell, because if you sell, then you have to
figure out what to buy next, and that's taking more
risk because you don't know how that particular investment's going
to perform. You know how the ones you own. So
I say, pick ten stocks that you would like to own,
that you don't own because you couldn't afford them because
(11:27):
they were too high. Look at them. Take twenty five
percent of your cash and begin to nibble at those
ten stocks. And if in a thirty days sixty days
from now they're still at that level, put another twenty
five in and then sit on them and watch and
see what happens. I believe in twelve to fifteen months
they'll be worth a hell of a lot more money
(11:48):
they are today, along with the rest of your portfolio.
So my message is, don't panic. Don't deal with emotion,
deal with rationality. And when you see a huge reversal
like we saw this morning, it says the market hit
a probably a preliminary bottom, doesn't mean it can't go lower.
But it hit that seventeen number and added to what
(12:13):
we had last week, it reached a point where it said, no,
I'm not it's not going to the smartpheney started to
come in and buy, and the trend reversed itself. So
it's very important that you don't panic. That you understand
that things go up or down. See what happens is
when you have markets that run as long as this
market is run. And I know I'm going to sound
(12:36):
like I'm being critical of my clients in a sense
I am before they became my clients. You when you
put money in the market and in spite of what
you do, the market goes up, and you see your portfolio, well,
you think you're responsible for it going up and being
in the right diffusion. You aren't. You could be later on.
(12:59):
But so they begin to believe their their press clippings.
They let's see their accounts going up. Well, I'm doing
a great job. I'm up this one. And when they
see it start to turn down like it did a
week ago, they start to get nervous. And it goes
down day after day after day after day, and they
panic and they say, I've got to get out because
I said, oh, I'm going to lose money. I can
(13:20):
remember to this day when I was managing money when
the market crashed in eighty seven, and I called all
my clients and I said, they said, what are we
going to do? And I said, We're going to buy
and they said, okay. I trust you, what are we
going to buy? And I said, well, we already know.
So we added to the portfolios. We sat hunt and
they made a fortune. Just be patient, don't get emotional
(13:42):
and make decisions based on emotions. Look at the facts
and make a decision. If you liked if you like
Gilead at one hundred and twelve, you got to love
it at one hundred and three, to buy more. And
so pick ten stocks, start nibbling with them, give them
thirty to sixty days, maybe dibble some more, and then
(14:03):
just sit around and counter your dollars because I think
you're going to see that happen. What's going on is
that what's driving part of this market. And by the way,
interest rates are down, energy prices are down, and now
the Feds, which said a week or so ago, we
don't think we're going to do anything on interest rates,
now they're suggesting, well, maybe we should probably cut interest
(14:27):
rates to allow the economy to recover faster. So all
things are changing and we have to watch and see
what happens. But what's what the driving this turmoil in
the markets is the teriffs. And the terriffs are absolutely
the right thing to do, and we're going to start
(14:50):
seeing huge numbers in the United States. We saw big
jobs numbers last week, and we've seen commitments and started
funding them. Over four trillion dollars since Trump took over
in January of companies moving and building manufacturing plants in
the United States doing their business back in the United States.
(15:12):
Four trillion dollars in less than ninety days. Continue to
see more and more that the budget built passed the
Senate after a long, hard battle, and I think it
will pass the House. That'll lock in the tax cuts
for mister Trump and for the investors and created an
(15:34):
opportunity for people that want to bring their money to
the United States and invest and take advantage of the
opportunities that are going to be there. We're seeing that
the American car companies are hiring people that crazy all
of a sudden because they want to wrape up production.
Because if you buy an American made car before this,
(15:58):
you couldn't write off the interest expense on purchasing any car.
Mister Trump is put in play. If you buy an
American made car and you borrow money to buy it,
you're going to be able to write off the interest.
That's going to change dramatically. Yeah, the tariffs. The fishing
industry is absolutely thrilled with what he did with the
(16:19):
tariffs because it's giving them an ability to compete. So
there are good things that are happening. The Democrats just
don't want to allow him to come out, and the
Republicans are too quiet.
Speaker 2 (16:30):
Yeah, I know, I don't understand why they're too quiet.
This story just came out. Major garment producer in Bangladesh
says that US buyers are halting all the orders so
re shoring it back to the US garment manufacturers.
Speaker 4 (16:49):
MM.
Speaker 3 (16:50):
Yeah, because the terriffs of the terrifts are going to
have to pay to import that from Bangladesh. I mean,
if you look at if you if a person really
got into this and started looking at the level of
dollar amounts of teriffs that are charged by foreign nations
for US to export our goods to them. If we
(17:11):
if we let Mercedes Benz bring up previously, if we
let Mercedes Breds bring a car into the United States,
our import tariff was two percent. If they want to
export a Cadillac SUV to Germany or the UK or
whatever in Europe, they pay, they pay a tariff of
(17:33):
twenty seven It doesn't make sense. So what mister Trump,
Mister Trump is trying to say, let's make sure we
treat each other equally. If you want, if you want
twenty seven percent, we'll charge twenty seven percent on our stuff.
And what he's trying to do, and he's starting to
see countries who are who understand And this is the
(17:55):
one thing that that a lot of people don't. We
are the largest trading partner for every country on the earth. Yeah,
we are as the biggest market in the world. And
so if you want to be successful in your business,
you have to have the ability to sell in the
United States. Well, if you want to sell in the
(18:16):
United States, they're new rules. You've got to letture tarors first.
Speaker 2 (18:22):
And this is and I think I knew that he
was using these to bring these countries to the negotiating table.
And so far we've got over fifty countries that want
to negotiate now, so yes, you know they're working. The
whole deal is working. Everybody's bitching about free trade. Well,
(18:42):
this is what we're trying to get to here.
Speaker 3 (18:45):
Right and at fifty as both countries begin to negotiate
with us, and they settle and they get fair trade,
agree with local directions. If you've got one hundred and
eighty nations in the world that import to the United States,
and you got fifty that are already in the process
of wanting to negotiate to bring tariffs in line, that
(19:08):
will put more pressure on the remaining remaining one hundred
and thirty. And so you'll see over time over the
next few months that many countries, and I think the
vast majority of them, are going to capitulate and try
and do an equal tariff because they need they need
that cash flow for buying from the United States. It's
it's it's insane. For example, to say that it's okay
(19:32):
for Canada to charge a two hundred and twenty five
percent terriffs on dairy products exported from the United States insane.
Speaker 2 (19:44):
And that's what we pay. That's what the that's what
that's what the tariff is.
Speaker 3 (19:48):
Folks to learn, twenty five percent of the market value
of the product is the teriff. It's Canada, and so
you know twenty five fifty percent is it is not
unusual China their market overnight was off five percent. China
understands that the United States is their largest customer, across
(20:14):
the board and they want to do business with us.
And the question is are they going to blink and
renegotiate teriffs? I think they will. Now what's going to
happen here is all the Democrat naysayers who were saying
this was, this is stupid, this is bad policy, all
this stuff. All the naysayers are going to wind up
being very embarrassed because they opened their mouths too soon.
(20:39):
They decided that they were going to predict what was
going to happen, and they didn't have the facts. They're
they're doing it. They're they're doing the same thing as
American investors do. They went with emotion, you know, And
I have one question and I don't. I'm not asking
you because I want to embarrass you. If you know,
(20:59):
I would like you know. If no, I'm going to
try and find out on my own. The headlines over
the weekend is that were there over a thousand protest
over Trump and Elon around the country.
Speaker 2 (21:14):
Oh yeah, they had. It's it's it's it's organized, it's
a sorrow's funded.
Speaker 3 (21:22):
How do you how? Who organized? Somebody should be asking
the question, Republicans should be asking the question who organized
in relatively short order. These thousand protests that well, you had.
Speaker 2 (21:36):
Some paid or sorrows funded, you had some paid organizers,
not not all protesters were paid. In some cities they were.
There's video evidence of that.
Speaker 3 (21:46):
Uh.
Speaker 2 (21:46):
But yeah, and then the local uh you know, the
local parties, you know, climb on on board with it
and and they do it too. But I mean, look
look what they're doing. I mean that they just there's
several videos on x and YouTube of people interviewing the
(22:07):
people holding the signs, and the ignorance is immense. They
don't even know why they're there. It's you know, that
just the cluelessness, the lack of understanding of what they're
protesting against. You know, one hundred million, like we were
talking about last hour, one hundred million dollars of known fraud,
(22:28):
waste and abuse and medicare and Social Security and they're
all out there with their signs hands off my social Security, doge.
It's well, you got over close to five million illegal
aliens that are getting max payouts on Social Security, a
lot more than these these retired blue hairs are getting.
And the heir joff my Social Security don't. It's like
(22:51):
they're they're begging their slave master to keep the grift going.
Speaker 3 (22:57):
Yeah, yeah, one, just one to go, and I appreciated
the time. This market is going to see these huge
rallies and sell off and it's and it's it's going
to be a compression. It's like compressing a spring. The
market is trying to find its level. And so you'll
have up fifteen or seventeen hundred, down, seven hundred, up,
(23:20):
seven thousand, up, up a thousand whatever. I'm just saying,
this folatility is gonna continue for a while. Okay, just
don't let it get you up. Don't let it panish you.
Speaker 2 (23:31):
I never I never do.
Speaker 3 (23:33):
Okay.
Speaker 2 (23:36):
I'm not in the position to invest a ton of money.
I just got my fro one k and it's doing fine,
So I'm good.
Speaker 3 (23:43):
All right, sir.
Speaker 2 (23:43):
The Lord will provide, Daniel, The Lord will provide. Yes,
it's Dan. It's Dan Perkins. Ladies and gentlemen, go check
him out. Dan Perkinsmedia dot org. Dan Perkinsmedia dot Org.
Thanks for the time. My friend will talk to again soon.
Speaker 3 (24:00):
Take care of by a right Dad.
Speaker 7 (24:02):
You across over guy, Dad up north for some father
son fishing.
Speaker 4 (24:05):
Dad. Don't get the kids all riled up before bed dead.
Speaker 2 (24:07):
Not to be fair, to be fair, to be fair, fair.
Speaker 5 (24:13):
Lots of people who met sounds when the stands up
and sits down, not just Dad's.
Speaker 2 (24:17):
We'll be right back with Charlotte County Speaks News Radio
fifteen to eighty WCCF. Howard Lutnik is a moron.
Speaker 8 (24:27):
Uh yeah, he's the Commerce Secretary of the United States.
Every single time they put him up on TV, it
just he managed his to say something dumber and dumber
and dumber. It was just highlight yesterday. I almost wanted
to throw something at the television. He talks about compares
Poland's spring water to Fiji spring water, said, oh, are
(24:49):
you gonna be paying more on paying more on foreign
water and the Poland spring water All domestic stuff is
gonna stay the same.
Speaker 7 (24:58):
No, it's not, Howard.
Speaker 8 (25:01):
No, it's not any company out there that sees that
they can raise their prices.
Speaker 4 (25:09):
They're going to do so.
Speaker 2 (25:11):
That's just how it works.
Speaker 7 (25:13):
They're going to sell something for the highest price that
people are willing to pay.
Speaker 8 (25:19):
Your tariffs don't fix that.
Speaker 7 (25:22):
Watchdog on Wall Street dot Com.
Speaker 2 (26:30):
News Radio fifteen eighty one hundred point nine FM WCCF
just about ten forty here at Charlte County speaks. Phone
lines open at nine four one two zero six fifteen
eighty toll free eight eight eight four four one fifteen eighty.
Ten years after over to the Western Journal, mister ben
Zeisloft has a piece. Uh scat Francisco has launched very
(26:57):
controversial New Traffic Camra, a program through which residents with
low incomes or receiving government assistance will receive substantially discounted fines.
City authorities turned on thirty three new cameras last month,
according to KBCTV in LA, Yet they will not give
(27:20):
out citations for the first two months of the program. Instead,
drivers will receive warnings during that time. Once citations do start, however,
the income level of the driver will determine how much
he or she or they or them will pay. San
(27:40):
Francisco Municipal Transportation Agency revealed on its website that the fees,
as mandated by state legislation, differ quite a bit based
on poverty level. For example, drivers caught going between eleven
and fifteen miles per hour over the limit will ordinarily
receive fifty dollars fee, but if they are low income,
(28:02):
they will pay only twenty five dollars, and if they
are on public assistance, the fee will drop to just
ten dollars. That pattern extends into much higher fines. The
normal fee for driving between sixteen and twenty five miles
over the speed limit is one hundred dollars for most people,
(28:22):
just one hundred bucks, still pretty cheap, fifty for low income,
twenty for people on public assistance. The rate for going
twenty six miles over the speed limit. Wouldn't that be
considered reckless driving where they're impounding the car and arresting you.
(28:43):
I guess not. Anyone going twenty six miles over the
speed limit in SCAF Francisco will pay a two hundred
dollars fine. But if you know low income, one hundred bucks,
and if you're on government sistance, it's only forty bucks.
Is anyone going more than one hundred miles per hour
(29:04):
can be expected to pay a fine of five hundred dollars?
Still pretty cheap really when you consider it, unless they
happen to be low income or on public assistance, after
which it's two point fifty on low income and one
hundred bucks if yawn Dublin assistance for going one hundred
(29:27):
miles over the speed limit. San Francisco Municipal Transportation Agency
even has another web page showing residents how they can
access low income transit fares and fee waivers. Quote. SFMTA
offers a number of discounts on transit fares and parking
(29:47):
related fees for low income customers with a gross annual income.
The rates benefit those below two hundred percent of the
federal poverty level. Some critics of the program assert that
chargeing different fines based on income for the same offense
is inherently unjust. An opinion piece in the Staten Island
(30:09):
Advance warned that traffic cameras have already proven unpopular in
New York City, predicting that the initiative in San Francisco
would be similarly hated, especially given the purportedly equity angle.
If you're caught driving too fast, you have to pay
a penalty because you've made the roads less safe for
your fellow humans. The fine is supposed to sting a
(30:31):
little bit. It's supposed to discourage you from driving too
fast in the future. Otherwise why bother? But how does
that square with letting some people largely off the hook
for the same offense. It doesn't In fact, it might
encourage some people to just keep speeding. Hey it's only
ten Hey, look at it. It's only a buck a
mile for one hundred miles an hour. And it shows
(30:54):
that only some of us people of means are responsible
for safer roads, as if people with middle class incomes
don't already pay their fair share and more to the
government in the form of entire constellation of taxes and fees.
The outlet observed, Yeah, I don't think that's gonna go
too well. Well, and like I said, you know, they
(31:17):
could start doing like the UK does. They have that
little band of ruffians and hooligans they go around cutting
down those little cameras. Would hate for that to happen.
Two o six fifteen eighty toll free eight eight eight
four four to one fifteen eight. Oh no, we don't
see anything like that. It's just just insane. You can't
(31:39):
have that. Uh now I heard Gordon doing that one
this morning. Yeah, one in fifty people think they could
outrun a horse in one hundred meters dash. That's pretty
(32:00):
funny anyway. Historically speaking, what do we have today? Well,
by gosh by gaul, the first camel race in America
was held on this date in eighteen sixty four in Sacramento, California,
beginning a proud camel racing tradition that continues to this day.
Nineteen twenty seven, on this date, the first successful long
(32:23):
distance demonstration of TV. Nineteen twenty seven, first successful long
distance demonstration of TV took place when an audience in
New York saw an exciting image of Commerce Secretary Herbert
Hoover transmitted from Washington. While Herbert was exciting back then
(32:49):
on a little black and white screen booker t Washington.
The first African American pictured on a US post stamp
on this date in nineteen forty Great Inventor nineteen sixty nine.
On this eighth the Supreme Court approved the private possession
of obscene materials fifty five years ago in this date.
(33:15):
In nineteen seventy, after having starred in over two hundred films,
John Wayne received his first Oscar for Best Actor for
his role in True Grit. Jeff Bridges couldn't bring home
the Oscar for the same role in the remake. He
lost to Colin Firth for the King's Speech, but I
thought Jeff Bridges did a good job in the remake.
(33:40):
Twenty seven years ago, nineteen ninety eight, Mary Bono, widow
of Skier Sonny Bono, won a special election to serve
out the remainder of her husband's congressional term. But at
Cher who gets visits from Sonny's ghost. Sorry, Mary, Well
she's with what's his name, Connie Mack? Right, aren't they together?
Speaker 4 (34:05):
Now?
Speaker 2 (34:05):
I believe so. I think they were. They might have been.
They were for a minute. And Morgan Whalen got arrested
on his day. Just one year ago. Morgan got arrested,
and it's a it's a funny thing too. He's still
riding that Saturday Night Live incident. Well they well they
(34:28):
started to mate. Yeah, I guess in this case it's true.
No press is bad press. Morgan has had all his
scandals and legal issues, you know, kind of play out
in public over the past, and it just seems to
be growing as brand. The most recent Saturday Night Live
(34:48):
we talked about that last week, All all six songs
that Morgan has released off his new album I'm the
Problem Now occupied the top six spots on Apple Music
and it UN's Country chart, So clearly walking off stage
only helped him. And in the most recent episode this
past Weekend the guy who did Trump, Uh at the end,
(35:12):
you see at the beginning the guy did Trump said
get me to God's country and walks off did the
same thing. And Morgan's already turned that phrase into merch.
He's got hats and t shirts now and now. The
second reference was on Weekend Update calling Joe's joke that
money's leaving the stock market faster than more Morgan Whalen
at Good Nights every year. Yeah, well, Morgan stock is
(35:38):
going up. And guess who else is going up in
stock market? And what goes up must come down. It
always does. That's that's that's always the deal, isn't it. Yeah,
it is so so there and now it's time. But
you just think it just keeps going up and up.
It never goes down. So if it goes down anytime,
(36:03):
it's it's it's truss Paull. Okay, got it number one
of your five random facts? The dream Cast. So what
is that? What was that?
Speaker 4 (36:18):
Well?
Speaker 2 (36:18):
It it sold so poorly. I can't even remember what
it was. It was, Oh, Sega, that's right, yeah it was.
It sold so poorly. It was the last video game
console Sega ever released, but it was very influential. The
Dreamcast was the first console with a built in modem,
so of course online play now dominates the industry. Number two.
(36:41):
The North and South Poles don't officially have time zones.
In the North Pole, each research station uses the time
from its home country, and in the South, since people
mostly fly there from New Zealand, they're on New Zealand time.
Number three. A female chow first is called a chauffeuse.
(37:05):
That's cute. Number four. The eight pawns on a chessboard
all used to have their own names based on non
royalty jobs. Gambler, policeman, innkeeper, merchant, doctor, weaver, blacksmith, and farmer. Huh.
And finally, number five of your five random facts, James
(37:26):
Madison is the only president who had two vice presidents
die in office. His first vice president was George Clinton, No,
not the one from p Funk, and he died in
eighteen twelve. His second was Elbridge Jerry, who died in
eighteen fourteen. And there is your five random facts. Didn't
(37:53):
know that? Did not know that two six fifteen eighty
toll free eight eight eight four for one fifteen eighty.
We do have some good news to impart to you.
This is kind of cool. This is not a bad
idea either, because you know the lottery is random, right,
(38:14):
You don't know a lot of people play their birthdays,
the birthdays of their kids or whatever all the time. Whatever. Well,
a woman won in Maryland one hundred thousand bucks from
a couple of winning pick five tickets, each worth about
fifty grand, and she had an interesting inspiration for her numbers.
She says she used the last five digits of her
(38:37):
car's odometer reading, and fittingly, she's going to use some
of her winnings to pay off that car. Huh, you're
doing the pick five. There you go. Here's one. Over
a year ago, a lost and sick gray cat was
left at a vet clinic in Indiana. She was taken
(38:59):
to a show helter. She was nursed back to health
got adopted out, but the new owner returned her, and
she seemed so depressed by the rejection that she started
struggling and became withdrawn. Last week, a woman named Arianna
was looking at the shelter's website when she saw the
gray cat and realized it was her cat, November, who
(39:20):
had gone missing over a year ago. Arianna rushed over
to the shelter, and it was confirmed. Ariana and November
both thrilled to be reunited. Some good news for you.
Another one here, young boy celebrating his eighth birthday at
a park when a group of strangers asked if they
could join in the singing of Happy Birthday, seemingly because
(39:43):
there weren't many people there to sing. It was an
adult and three children, and so they did. I'd like
a whole park full of people singing this kid happy birthday.
Very nice. Huh. Stupid news, Oh, we got all kinds
(40:03):
of stupid news. Forty year old guy. Forty year old
man arrested after stealing from several walmart locations. He wasn't
a very speedy thief, but guess what his name was?
(40:25):
Speedy Gonzales. Seriously speedy Gonzales. Nineteen year old guy arrested
in Iowa after he stole a street sign and tried
to use a fake ID. When officers approached him, he
was still carrying the street sign and smelled strongly of alcohol.
(40:46):
So of course, Colorado, Oh man, Colorado sadly caught from
their governor to their city councils, Colorado's just going to hell.
In a handbasket that's being taken over by Yes Venezuelan gangs.
Colorado City is planning to limit residents pets, pet cats,
(41:10):
and dogs to four total. Can't have any more than that.
You can be grandfathered in if you already got more
than that, But anyone who exceeds that number in the
future are gonna have their pets seized. You understand me.
Nazis in Colorado. Nazis deputies in Nevada sees seven tigers.
(41:37):
Seven tigers tigers like not cats tigers. The man who
had them tried to claim that they were emotional support
tigers for his PTSD, which stem from Nam back in Nam.
I got the PTSD and these are my emotional support tigers. Okay.
(42:05):
Chinese restaurant in Chicago will give you free appetizers for
life in exchange for you getting a tattoo of their logo.
You can google these if you if you need more
of them. I'm just trying to get to all of them,
and there's a lot, so we're not going to in
(42:26):
depth on them. Would you drink dirty pasta water martini? Okay,
you got the water, you made the pasta in it.
You give it a little salty, and you want to
make that water, you pour that water down the drain
after you pour the littles in the strainer, right, waste
of water, turn it in to a martini. No, no, no,
(42:57):
I'm not gonna do that. Olive Gardens seven year's streak
of being America's top casual dining restaurant is over. But
don't worry. The number one is just down the road,
Texas Road Out family in Iowa had a rare wildlife
(43:22):
encounter while driving home from a birthday dinner. They got
a little video of it too, an albino deer. They
saw on albino deer. Very unusual, don't I mean?
Speaker 6 (43:38):
You know?
Speaker 2 (43:39):
Yeah, Lawyers got a bad name, bad rap these days.
Some are good, some are bad, A lot of bad.
A lot of judges we're seeing very bad, very bad,
very bad. But don't try being a smart ass in court.
It's not just it never is going to go your way.
It's just not No. I didn't download the audio, but
(44:03):
the guy in New York tried to have an AI
lawyer make his case for him in court, and the
judge was not pleased at all at all. He said
the avatar he generated would do a better job delivering
his argument rather than him stumbling over his own words.
(44:26):
The judge wasn't having it, so she unplugged the robot.
Law turn that thing off right now, So pretty much
exactly what she said. Oh god, well, oh yeah, did
(44:51):
you see the Russell brand. Russell brand, they're going after
the Russell brand accused of rape from twenty five years ago. Yeah,
I guess she regressive hypnotherapy and uh yeah, it all,
it all came out twenty five years ago. What was it?
(45:12):
Y is ninety nine? Oh, ninety nine and two thousand
and five. Just now they've just now decided to to
come out and and accused Russell brand that well that
I thought that ship already sailed. Really, we'll see it
(45:36):
doesn't It looks more like a setup than it does
actually something that that that happened, But we'll see. Hey,
the uh, the folks up Nashville Way, uh forty seven
thousand up in the Nashville area have signed a titian
(46:00):
to rename Nashville International Airport the Dolly Parton International Airport.
It's picking up, Steve, I'm on board with that. Sounds
good to me. Have a great day, kids, two big
radar domes.
Speaker 5 (46:30):
Anybody got any more jokes, any funny?
Speaker 2 (46:32):
Nope, nope, all right, see you folks. We're in news
Radio fifteen eighty AM WCCF Punda Gorda and FM one
hundred point nine W two sixty five EA, Punda Gorda
After March Madness. It's the Majesty of the Masters this
year with the addition of the windmill on the thirteenth
Green and the Clown's Mouth water hazard on seventeen, making
this year the most challenging at the Masters on CBS.
Speaker 2 (00:25):
National Beer Days celebrated in April seventhly for beers, Beer
is for Breakfast Tracks Day, the Apple Today is National
Beer Day?
Speaker 3 (00:34):
Is it beer beer? It is ye beer, my beer,
my beautiful bear.
Speaker 4 (00:39):
I'll have the beer.
Speaker 2 (00:41):
Beer is National Beer Day today? Have another beer beer shield.
Speaker 5 (00:45):
Tell in this present crisis, government is not the solution
to our problem. Government is the problem.
Speaker 4 (00:58):
This is Charlotte County Speak, your chance to let your
voice be heard on local, state, don national issues, and
now broadcasting live from a dumpy little warehouse behind a
taco bell, the host of Charlotte County Speaks, Ken love Joy.
Speaker 2 (01:15):
Thank you, Johnny News Radio fifteen eighty one hundred point
nine FM, WCCF. This is Charlotte County Speaks. Ten eleven.
Is the time phone lines nine four one two zero
six fifteen eighty toll free eight eight eight four four
to one fifteen eighty. As we head to those phones
right now, we're one. Dan Perkins waits Dan, how you doing, sir?
Speaker 3 (01:39):
Important? Thank you and yourself good. It's it's been a busy,
rocky week in the markets, and that's what I want
to talk about a little bit today. All right, first
thing I want to talk about is gasoline prices. Okay,
I'm going to give you a whiteboard presentation that is
pretty straightforward. To figure out what the price of gasoline
(02:03):
should be at the pump, you do the following. You
take the current price for a barrel of oil sixty dollars,
and you take forty two and divide that into sixty dollars.
Forty two is because there are forty two gallons of
(02:25):
gasoline and a barrel of oil. So you take forty
two and you divide it by sixty and you're about
a buck forty. Now you have to add in sales tax,
local taxes, and federal taxes. That's about sixty cents. So
right now, the pump price for a general of regular
(02:48):
gas should be around two dollars to two dollars and
five cents.
Speaker 2 (02:52):
Oh well, but it isn't.
Speaker 3 (02:56):
But it's it.
Speaker 6 (02:57):
It's they're gonna they're not going to come down immediate
to that level immediately, they got to work out with
a littilatory through. But that's sixty I'm sorry, go ahead.
Speaker 2 (03:10):
Right now, we're looking at three twenty two. Sunday Sunday
state average was three nineteen per gallon in.
Speaker 3 (03:19):
Florida, right, And I believe that if we stay at
this sixty dollars a barrel range, within a week to
ten days, we will be below two dollars and fifty
cents headed towards two dollars. Now, gotta like it.
Speaker 2 (03:37):
I know some boys with the truck nuts and some
big rigs out there that are really pleased to hear that.
Speaker 3 (03:43):
Dan. Yes, well, let me tell you how. Also, it's
important for every penny the price of gasoline falls at
a pump adds one hundred billion dollars of money in
the consumer's pocket every penny. So when you think about
(04:08):
we think about the price of oil, and most of
the time we think about the price of oil and
what it does to the price of gasoline of the pump.
But it's much more than that. There are thousands of
products that use crude oil to be manufactured that are
not energy products. Pharmaceuticals and plastics and all that stuff.
(04:29):
Feedstock for farmers petrol gasoline to run their or diesel
to run their tractors. So that when you start taking
that kind of money out of the price of crude
oil and down to the distilled products, you're going to
see an opportunity to put a lot of money in
(04:49):
people's pockets in a hurry. So I don't see a
rationale of why crude oil should go back to, you know,
eighty dollars in barrel anytime soon. So I think we're
in that and sixty may be the bottom this time around.
(05:10):
It could it could possibly go lower. But the other
thing is it's going to start freeing up money that companies,
even small businesses who have people who like be drive
cars to get around do their jobs. Lower gas prices
means that there's going to be and so what's happening
(05:34):
is that that's going to work its way through the
economy and that's going to put money in people's pockets
and they're going to be able to spend or say
or do whatever they want.
Speaker 2 (05:43):
Yeah, you'll have lower transportation costs, you'll have you know,
which is going to be like you know, giving more
profit to the companies too, and they might wind up hiring.
Speaker 3 (05:56):
Now point two. Now we're going to talk about equit
Okay stocks. Japan was off ten percent yesterday overnight, China
was off five. We opened this morning at the worst part,
we were down about seventeen hundred points on the Dow
(06:20):
Okay as we're speaking right now, there's been a massive reversal.
And what's happened is at the price of the index
has turned positive. We had a seventeen hundred point move
down and a seventeen hundred point move up in forty
(06:40):
five minutes this morning in the US market. So I
did a show on Saturday talking to people. You have
to be careful what you listen to, because you have
pundits who are sometimes called democrats, who are telling the
(07:01):
world that the world's coming to an end because of
all the problems with Trump's parffs and everything. The markets
are going to collapse, We're going to go to zero,
We're all going to get broke, and it's calamity. They're
not very good forecasters. They have a terrible reputation of
being forecasters. And this reverse this morning and now, where
(07:23):
the rest of the markets around the world are still down,
is extremely positive. I don't want to get overly technical,
but I just want your audience to try and understand.
I mean, I've been in this business for over fifty years.
I've seen every market downturn, and eventually everything reverses itself
and goes back up, says new Hives. When I was
(07:47):
working for Merrilnch in New York, I came up with
an idea for a new mutual fund, and it was
the first global government fund ever done. It not only
invested in the government debt of the industrialized nations around
the world. And I worked with Massachusetts Financial Services, which
(08:08):
was the oldest mutual fund company in the United States.
Management company, and I went to my friend who was
the partner in charge of fixed income. They loved the idea.
They had a relationship with Lombard Odier in Geneva, Switzerland,
a major Swiss bank, and we put together a product
and we sold it millions of it, millions and hundreds
of millions of dollars of it. I was and I
(08:30):
spent many many trips back and forth between New York
and Geneva working with the management team and putting together
the prospectives and all that stuff. But I had an
opportunity to meet mister Lombard of Lombard, Odia and C,
which was the private Swiss bank, and we went to
dinner and he was very, very kind and generous. He
loved the idea, thought it was a great idea, and
(08:53):
so I took the opportunity to ask him this question,
what is the difference or is there any between the
way Americans invest and the way those Swiss bankers invest?
He said, mister Perkins, it's a very simple answer. It's
in fact, it's the one word answer. I said, Okay,
what's the word dead emotion? American investors react with emotion.
(09:19):
They make decisions based on emotions to buy ourselves. If
you look at the headlines over the working over the weekend,
some of the money guys were saying, well, it's it's
a route, it's a run, it's a panic selling. Mister
Lombar said, you look at your portfolio. We look at
our portfolios, and we make investment decisions based on the facts.
(09:41):
We do not let our emotions get involved in making
serious decisions about what we do with our money. And
I took that and I've used it in my practice
for forty years, telling people what Marcus go up Marcus
go down when they go down and gets scary. But
don't need to get scared, or I always have cash
(10:02):
in the portfolio because these declines present opportunities to buy
something that you didn't buy because you couldn't afford. It's
now cheaper. The market crash of nineteen eighty seven, I
was in Boston with another money management firm and Thorn Dyke, Norn,
(10:22):
Payne and Lewis, which you wouldn't know, but you would
know them under Vanguard. They were the private money managers
for many of the Vanguard portfolios, and one of the
major portfolios was by the icon John Neff. And I
was in the morning call the morning after the huge
define in the market, said he said to all of
(10:43):
the portfolio managers, and I was sitting in the room.
He said, I never thought I would get a second
chance to get rich again. Well, he bought the market,
and I bought the market. And so if you have cash,
you can buy when you have buying opportunities like we
have right now. And I say to your listeners, don't panic,
(11:06):
don't sell, because if you sell, then you have to
figure out what to buy next, and that's taking more
risk because you don't know how that particular investment's going
to perform. You know how the ones you own. So
I say, pick ten stocks that you would like to own,
that you don't own because you couldn't afford them because
(11:27):
they were too high. Look at them. Take twenty five
percent of your cash and begin to nibble at those
ten stocks. And if in a thirty days sixty days
from now they're still at that level, put another twenty
five in and then sit on them and watch and
see what happens. I believe in twelve to fifteen months
they'll be worth a hell of a lot more money
(11:48):
they are today, along with the rest of your portfolio.
So my message is, don't panic. Don't deal with emotion,
deal with rationality. And when you see a huge reversal
like we saw this morning, it says the market hit
a probably a preliminary bottom, doesn't mean it can't go lower.
But it hit that seventeen number and added to what
(12:13):
we had last week, it reached a point where it said, no,
I'm not it's not going to the smartpheney started to
come in and buy, and the trend reversed itself. So
it's very important that you don't panic. That you understand
that things go up or down. See what happens is
when you have markets that run as long as this
market is run. And I know I'm going to sound
(12:36):
like I'm being critical of my clients in a sense
I am before they became my clients. You when you
put money in the market and in spite of what
you do, the market goes up, and you see your portfolio, well,
you think you're responsible for it going up and being
in the right diffusion. You aren't. You could be later on.
(12:59):
But so they begin to believe their their press clippings.
They let's see their accounts going up. Well, I'm doing
a great job. I'm up this one. And when they
see it start to turn down like it did a
week ago, they start to get nervous. And it goes
down day after day after day after day, and they
panic and they say, I've got to get out because
I said, oh, I'm going to lose money. I can
(13:20):
remember to this day when I was managing money when
the market crashed in eighty seven, and I called all
my clients and I said, they said, what are we
going to do? And I said, We're going to buy
and they said, okay. I trust you, what are we
going to buy? And I said, well, we already know.
So we added to the portfolios. We sat hunt and
they made a fortune. Just be patient, don't get emotional
(13:42):
and make decisions based on emotions. Look at the facts
and make a decision. If you liked if you like
Gilead at one hundred and twelve, you got to love
it at one hundred and three, to buy more. And
so pick ten stocks, start nibbling with them, give them
thirty to sixty days, maybe dibble some more, and then
(14:03):
just sit around and counter your dollars because I think
you're going to see that happen. What's going on is
that what's driving part of this market. And by the way,
interest rates are down, energy prices are down, and now
the Feds, which said a week or so ago, we
don't think we're going to do anything on interest rates,
now they're suggesting, well, maybe we should probably cut interest
(14:27):
rates to allow the economy to recover faster. So all
things are changing and we have to watch and see
what happens. But what's what the driving this turmoil in
the markets is the teriffs. And the terriffs are absolutely
the right thing to do, and we're going to start
(14:50):
seeing huge numbers in the United States. We saw big
jobs numbers last week, and we've seen commitments and started
funding them. Over four trillion dollars since Trump took over
in January of companies moving and building manufacturing plants in
the United States doing their business back in the United States.
(15:12):
Four trillion dollars in less than ninety days. Continue to
see more and more that the budget built passed the
Senate after a long, hard battle, and I think it
will pass the House. That'll lock in the tax cuts
for mister Trump and for the investors and created an
(15:34):
opportunity for people that want to bring their money to
the United States and invest and take advantage of the
opportunities that are going to be there. We're seeing that
the American car companies are hiring people that crazy all
of a sudden because they want to wrape up production.
Because if you buy an American made car before this,
(15:58):
you couldn't write off the interest expense on purchasing any car.
Mister Trump is put in play. If you buy an
American made car and you borrow money to buy it,
you're going to be able to write off the interest.
That's going to change dramatically. Yeah, the tariffs. The fishing
industry is absolutely thrilled with what he did with the
(16:19):
tariffs because it's giving them an ability to compete. So
there are good things that are happening. The Democrats just
don't want to allow him to come out, and the
Republicans are too quiet.
Speaker 2 (16:30):
Yeah, I know, I don't understand why they're too quiet.
This story just came out. Major garment producer in Bangladesh
says that US buyers are halting all the orders so
re shoring it back to the US garment manufacturers.
Speaker 4 (16:49):
MM.
Speaker 3 (16:50):
Yeah, because the terriffs of the terrifts are going to
have to pay to import that from Bangladesh. I mean,
if you look at if you if a person really
got into this and started looking at the level of
dollar amounts of teriffs that are charged by foreign nations
for US to export our goods to them. If we
(17:11):
if we let Mercedes Benz bring up previously, if we
let Mercedes Breds bring a car into the United States,
our import tariff was two percent. If they want to
export a Cadillac SUV to Germany or the UK or
whatever in Europe, they pay, they pay a tariff of
(17:33):
twenty seven It doesn't make sense. So what mister Trump,
Mister Trump is trying to say, let's make sure we
treat each other equally. If you want, if you want
twenty seven percent, we'll charge twenty seven percent on our stuff.
And what he's trying to do, and he's starting to
see countries who are who understand And this is the
(17:55):
one thing that that a lot of people don't. We
are the largest trading partner for every country on the earth. Yeah,
we are as the biggest market in the world. And
so if you want to be successful in your business,
you have to have the ability to sell in the
United States. Well, if you want to sell in the
(18:16):
United States, they're new rules. You've got to letture tarors first.
Speaker 2 (18:22):
And this is and I think I knew that he
was using these to bring these countries to the negotiating table.
And so far we've got over fifty countries that want
to negotiate now, so yes, you know they're working. The
whole deal is working. Everybody's bitching about free trade. Well,
(18:42):
this is what we're trying to get to here.
Speaker 3 (18:45):
Right and at fifty as both countries begin to negotiate
with us, and they settle and they get fair trade,
agree with local directions. If you've got one hundred and
eighty nations in the world that import to the United States,
and you got fifty that are already in the process
of wanting to negotiate to bring tariffs in line, that
(19:08):
will put more pressure on the remaining remaining one hundred
and thirty. And so you'll see over time over the
next few months that many countries, and I think the
vast majority of them, are going to capitulate and try
and do an equal tariff because they need they need
that cash flow for buying from the United States. It's
it's it's insane. For example, to say that it's okay
(19:32):
for Canada to charge a two hundred and twenty five
percent terriffs on dairy products exported from the United States insane.
Speaker 2 (19:44):
And that's what we pay. That's what the that's what
that's what the tariff is.
Speaker 3 (19:48):
Folks to learn, twenty five percent of the market value
of the product is the teriff. It's Canada, and so
you know twenty five fifty percent is it is not
unusual China their market overnight was off five percent. China
understands that the United States is their largest customer, across
(20:14):
the board and they want to do business with us.
And the question is are they going to blink and
renegotiate teriffs? I think they will. Now what's going to
happen here is all the Democrat naysayers who were saying
this was, this is stupid, this is bad policy, all
this stuff. All the naysayers are going to wind up
being very embarrassed because they opened their mouths too soon.
(20:39):
They decided that they were going to predict what was
going to happen, and they didn't have the facts. They're
they're doing it. They're they're doing the same thing as
American investors do. They went with emotion, you know, And
I have one question and I don't. I'm not asking
you because I want to embarrass you. If you know,
(20:59):
I would like you know. If no, I'm going to
try and find out on my own. The headlines over
the weekend is that were there over a thousand protest
over Trump and Elon around the country.
Speaker 2 (21:14):
Oh yeah, they had. It's it's it's it's organized, it's
a sorrow's funded.
Speaker 3 (21:22):
How do you how? Who organized? Somebody should be asking
the question, Republicans should be asking the question who organized
in relatively short order. These thousand protests that well, you had.
Speaker 2 (21:36):
Some paid or sorrows funded, you had some paid organizers,
not not all protesters were paid. In some cities they were.
There's video evidence of that.
Speaker 3 (21:46):
Uh.
Speaker 2 (21:46):
But yeah, and then the local uh you know, the
local parties, you know, climb on on board with it
and and they do it too. But I mean, look
look what they're doing. I mean that they just there's
several videos on x and YouTube of people interviewing the
(22:07):
people holding the signs, and the ignorance is immense. They
don't even know why they're there. It's you know, that
just the cluelessness, the lack of understanding of what they're
protesting against. You know, one hundred million, like we were
talking about last hour, one hundred million dollars of known fraud,
(22:28):
waste and abuse and medicare and Social Security and they're
all out there with their signs hands off my social Security, doge.
It's well, you got over close to five million illegal
aliens that are getting max payouts on Social Security, a
lot more than these these retired blue hairs are getting.
And the heir joff my Social Security don't. It's like
(22:51):
they're they're begging their slave master to keep the grift going.
Speaker 3 (22:57):
Yeah, yeah, one, just one to go, and I appreciated
the time. This market is going to see these huge
rallies and sell off and it's and it's it's going
to be a compression. It's like compressing a spring. The
market is trying to find its level. And so you'll
have up fifteen or seventeen hundred, down, seven hundred, up,
(23:20):
seven thousand, up, up a thousand whatever. I'm just saying,
this folatility is gonna continue for a while. Okay, just
don't let it get you up. Don't let it panish you.
Speaker 2 (23:31):
I never I never do.
Speaker 3 (23:33):
Okay.
Speaker 2 (23:36):
I'm not in the position to invest a ton of money.
I just got my fro one k and it's doing fine,
So I'm good.
Speaker 3 (23:43):
All right, sir.
Speaker 2 (23:43):
The Lord will provide, Daniel, The Lord will provide. Yes,
it's Dan. It's Dan Perkins. Ladies and gentlemen, go check
him out. Dan Perkinsmedia dot org. Dan Perkinsmedia dot Org.
Thanks for the time. My friend will talk to again soon.
Speaker 3 (24:00):
Take care of by a right Dad.
Speaker 7 (24:02):
You across over guy, Dad up north for some father
son fishing.
Speaker 4 (24:05):
Dad. Don't get the kids all riled up before bed dead.
Speaker 2 (24:07):
Not to be fair, to be fair, to be fair, fair.
Speaker 5 (24:13):
Lots of people who met sounds when the stands up
and sits down, not just Dad's.
Speaker 2 (24:17):
We'll be right back with Charlotte County Speaks News Radio
fifteen to eighty WCCF. Howard Lutnik is a moron.
Speaker 8 (24:27):
Uh yeah, he's the Commerce Secretary of the United States.
Every single time they put him up on TV, it
just he managed his to say something dumber and dumber
and dumber. It was just highlight yesterday. I almost wanted
to throw something at the television. He talks about compares
Poland's spring water to Fiji spring water, said, oh, are
(24:49):
you gonna be paying more on paying more on foreign
water and the Poland spring water All domestic stuff is
gonna stay the same.
Speaker 7 (24:58):
No, it's not, Howard.
Speaker 8 (25:01):
No, it's not any company out there that sees that
they can raise their prices.
Speaker 4 (25:09):
They're going to do so.
Speaker 2 (25:11):
That's just how it works.
Speaker 7 (25:13):
They're going to sell something for the highest price that
people are willing to pay.
Speaker 8 (25:19):
Your tariffs don't fix that.
Speaker 7 (25:22):
Watchdog on Wall Street dot Com.
Speaker 2 (26:30):
News Radio fifteen eighty one hundred point nine FM WCCF
just about ten forty here at Charlte County speaks. Phone
lines open at nine four one two zero six fifteen
eighty toll free eight eight eight four four one fifteen eighty.
Ten years after over to the Western Journal, mister ben
Zeisloft has a piece. Uh scat Francisco has launched very
(26:57):
controversial New Traffic Camra, a program through which residents with
low incomes or receiving government assistance will receive substantially discounted fines.
City authorities turned on thirty three new cameras last month,
according to KBCTV in LA, Yet they will not give
(27:20):
out citations for the first two months of the program. Instead,
drivers will receive warnings during that time. Once citations do start, however,
the income level of the driver will determine how much
he or she or they or them will pay. San
(27:40):
Francisco Municipal Transportation Agency revealed on its website that the fees,
as mandated by state legislation, differ quite a bit based
on poverty level. For example, drivers caught going between eleven
and fifteen miles per hour over the limit will ordinarily
receive fifty dollars fee, but if they are low income,
(28:02):
they will pay only twenty five dollars, and if they
are on public assistance, the fee will drop to just
ten dollars. That pattern extends into much higher fines. The
normal fee for driving between sixteen and twenty five miles
over the speed limit is one hundred dollars for most people,
(28:22):
just one hundred bucks, still pretty cheap, fifty for low income,
twenty for people on public assistance. The rate for going
twenty six miles over the speed limit. Wouldn't that be
considered reckless driving where they're impounding the car and arresting you.
(28:43):
I guess not. Anyone going twenty six miles over the
speed limit in SCAF Francisco will pay a two hundred
dollars fine. But if you know low income, one hundred bucks,
and if you're on government sistance, it's only forty bucks.
Is anyone going more than one hundred miles per hour
(29:04):
can be expected to pay a fine of five hundred dollars?
Still pretty cheap really when you consider it, unless they
happen to be low income or on public assistance, after
which it's two point fifty on low income and one
hundred bucks if yawn Dublin assistance for going one hundred
(29:27):
miles over the speed limit. San Francisco Municipal Transportation Agency
even has another web page showing residents how they can
access low income transit fares and fee waivers. Quote. SFMTA
offers a number of discounts on transit fares and parking
(29:47):
related fees for low income customers with a gross annual income.
The rates benefit those below two hundred percent of the
federal poverty level. Some critics of the program assert that
chargeing different fines based on income for the same offense
is inherently unjust. An opinion piece in the Staten Island
(30:09):
Advance warned that traffic cameras have already proven unpopular in
New York City, predicting that the initiative in San Francisco
would be similarly hated, especially given the purportedly equity angle.
If you're caught driving too fast, you have to pay
a penalty because you've made the roads less safe for
your fellow humans. The fine is supposed to sting a
(30:31):
little bit. It's supposed to discourage you from driving too
fast in the future. Otherwise why bother? But how does
that square with letting some people largely off the hook
for the same offense. It doesn't In fact, it might
encourage some people to just keep speeding. Hey it's only
ten Hey, look at it. It's only a buck a
mile for one hundred miles an hour. And it shows
(30:54):
that only some of us people of means are responsible
for safer roads, as if people with middle class incomes
don't already pay their fair share and more to the
government in the form of entire constellation of taxes and fees.
The outlet observed, Yeah, I don't think that's gonna go
too well. Well, and like I said, you know, they
(31:17):
could start doing like the UK does. They have that
little band of ruffians and hooligans they go around cutting
down those little cameras. Would hate for that to happen.
Two o six fifteen eighty toll free eight eight eight
four four to one fifteen eight. Oh no, we don't
see anything like that. It's just just insane. You can't
(31:39):
have that. Uh now I heard Gordon doing that one
this morning. Yeah, one in fifty people think they could
outrun a horse in one hundred meters dash. That's pretty
(32:00):
funny anyway. Historically speaking, what do we have today? Well,
by gosh by gaul, the first camel race in America
was held on this date in eighteen sixty four in Sacramento, California,
beginning a proud camel racing tradition that continues to this day.
Nineteen twenty seven, on this date, the first successful long
(32:23):
distance demonstration of TV. Nineteen twenty seven, first successful long
distance demonstration of TV took place when an audience in
New York saw an exciting image of Commerce Secretary Herbert
Hoover transmitted from Washington. While Herbert was exciting back then
(32:49):
on a little black and white screen booker t Washington.
The first African American pictured on a US post stamp
on this date in nineteen forty Great Inventor nineteen sixty nine.
On this eighth the Supreme Court approved the private possession
of obscene materials fifty five years ago in this date.
(33:15):
In nineteen seventy, after having starred in over two hundred films,
John Wayne received his first Oscar for Best Actor for
his role in True Grit. Jeff Bridges couldn't bring home
the Oscar for the same role in the remake. He
lost to Colin Firth for the King's Speech, but I
thought Jeff Bridges did a good job in the remake.
(33:40):
Twenty seven years ago, nineteen ninety eight, Mary Bono, widow
of Skier Sonny Bono, won a special election to serve
out the remainder of her husband's congressional term. But at
Cher who gets visits from Sonny's ghost. Sorry, Mary, Well
she's with what's his name, Connie Mack? Right, aren't they together?
Speaker 4 (34:05):
Now?
Speaker 2 (34:05):
I believe so. I think they were. They might have been.
They were for a minute. And Morgan Whalen got arrested
on his day. Just one year ago. Morgan got arrested,
and it's a it's a funny thing too. He's still
riding that Saturday Night Live incident. Well they well they
(34:28):
started to mate. Yeah, I guess in this case it's true.
No press is bad press. Morgan has had all his
scandals and legal issues, you know, kind of play out
in public over the past, and it just seems to
be growing as brand. The most recent Saturday Night Live
(34:48):
we talked about that last week, All all six songs
that Morgan has released off his new album I'm the
Problem Now occupied the top six spots on Apple Music
and it UN's Country chart, So clearly walking off stage
only helped him. And in the most recent episode this
past Weekend the guy who did Trump, Uh at the end,
(35:12):
you see at the beginning the guy did Trump said
get me to God's country and walks off did the
same thing. And Morgan's already turned that phrase into merch.
He's got hats and t shirts now and now. The
second reference was on Weekend Update calling Joe's joke that
money's leaving the stock market faster than more Morgan Whalen
at Good Nights every year. Yeah, well, Morgan stock is
(35:38):
going up. And guess who else is going up in
stock market? And what goes up must come down. It
always does. That's that's that's always the deal, isn't it. Yeah,
it is so so there and now it's time. But
you just think it just keeps going up and up.
It never goes down. So if it goes down anytime,
(36:03):
it's it's it's truss Paull. Okay, got it number one
of your five random facts? The dream Cast. So what
is that? What was that?
Speaker 4 (36:18):
Well?
Speaker 2 (36:18):
It it sold so poorly. I can't even remember what
it was. It was, Oh, Sega, that's right, yeah it was.
It sold so poorly. It was the last video game
console Sega ever released, but it was very influential. The
Dreamcast was the first console with a built in modem,
so of course online play now dominates the industry. Number two.
(36:41):
The North and South Poles don't officially have time zones.
In the North Pole, each research station uses the time
from its home country, and in the South, since people
mostly fly there from New Zealand, they're on New Zealand time.
Number three. A female chow first is called a chauffeuse.
(37:05):
That's cute. Number four. The eight pawns on a chessboard
all used to have their own names based on non
royalty jobs. Gambler, policeman, innkeeper, merchant, doctor, weaver, blacksmith, and farmer. Huh.
And finally, number five of your five random facts, James
(37:26):
Madison is the only president who had two vice presidents
die in office. His first vice president was George Clinton, No,
not the one from p Funk, and he died in
eighteen twelve. His second was Elbridge Jerry, who died in
eighteen fourteen. And there is your five random facts. Didn't
(37:53):
know that? Did not know that two six fifteen eighty
toll free eight eight eight four for one fifteen eighty.
We do have some good news to impart to you.
This is kind of cool. This is not a bad
idea either, because you know the lottery is random, right,
(38:14):
You don't know a lot of people play their birthdays,
the birthdays of their kids or whatever all the time. Whatever. Well,
a woman won in Maryland one hundred thousand bucks from
a couple of winning pick five tickets, each worth about
fifty grand, and she had an interesting inspiration for her numbers.
She says she used the last five digits of her
(38:37):
car's odometer reading, and fittingly, she's going to use some
of her winnings to pay off that car. Huh, you're
doing the pick five. There you go. Here's one. Over
a year ago, a lost and sick gray cat was
left at a vet clinic in Indiana. She was taken
(38:59):
to a show helter. She was nursed back to health
got adopted out, but the new owner returned her, and
she seemed so depressed by the rejection that she started
struggling and became withdrawn. Last week, a woman named Arianna
was looking at the shelter's website when she saw the
gray cat and realized it was her cat, November, who
(39:20):
had gone missing over a year ago. Arianna rushed over
to the shelter, and it was confirmed. Ariana and November
both thrilled to be reunited. Some good news for you.
Another one here, young boy celebrating his eighth birthday at
a park when a group of strangers asked if they
could join in the singing of Happy Birthday, seemingly because
(39:43):
there weren't many people there to sing. It was an
adult and three children, and so they did. I'd like
a whole park full of people singing this kid happy birthday.
Very nice. Huh. Stupid news, Oh, we got all kinds
(40:03):
of stupid news. Forty year old guy. Forty year old
man arrested after stealing from several walmart locations. He wasn't
a very speedy thief, but guess what his name was?
(40:25):
Speedy Gonzales. Seriously speedy Gonzales. Nineteen year old guy arrested
in Iowa after he stole a street sign and tried
to use a fake ID. When officers approached him, he
was still carrying the street sign and smelled strongly of alcohol.
(40:46):
So of course, Colorado, Oh man, Colorado sadly caught from
their governor to their city councils, Colorado's just going to hell.
In a handbasket that's being taken over by Yes Venezuelan gangs.
Colorado City is planning to limit residents pets, pet cats,
(41:10):
and dogs to four total. Can't have any more than that.
You can be grandfathered in if you already got more
than that, But anyone who exceeds that number in the
future are gonna have their pets seized. You understand me.
Nazis in Colorado. Nazis deputies in Nevada sees seven tigers.
(41:37):
Seven tigers tigers like not cats tigers. The man who
had them tried to claim that they were emotional support
tigers for his PTSD, which stem from Nam back in Nam.
I got the PTSD and these are my emotional support tigers. Okay.
(42:05):
Chinese restaurant in Chicago will give you free appetizers for
life in exchange for you getting a tattoo of their logo.
You can google these if you if you need more
of them. I'm just trying to get to all of them,
and there's a lot, so we're not going to in
(42:26):
depth on them. Would you drink dirty pasta water martini? Okay,
you got the water, you made the pasta in it.
You give it a little salty, and you want to
make that water, you pour that water down the drain
after you pour the littles in the strainer, right, waste
of water, turn it in to a martini. No, no, no,
(42:57):
I'm not gonna do that. Olive Gardens seven year's streak
of being America's top casual dining restaurant is over. But
don't worry. The number one is just down the road,
Texas Road Out family in Iowa had a rare wildlife
(43:22):
encounter while driving home from a birthday dinner. They got
a little video of it too, an albino deer. They
saw on albino deer. Very unusual, don't I mean?
Speaker 6 (43:38):
You know?
Speaker 2 (43:39):
Yeah, Lawyers got a bad name, bad rap these days.
Some are good, some are bad, A lot of bad.
A lot of judges we're seeing very bad, very bad,
very bad. But don't try being a smart ass in court.
It's not just it never is going to go your way.
It's just not No. I didn't download the audio, but
(44:03):
the guy in New York tried to have an AI
lawyer make his case for him in court, and the
judge was not pleased at all at all. He said
the avatar he generated would do a better job delivering
his argument rather than him stumbling over his own words.
(44:26):
The judge wasn't having it, so she unplugged the robot.
Law turn that thing off right now, So pretty much
exactly what she said. Oh god, well, oh yeah, did
(44:51):
you see the Russell brand. Russell brand, they're going after
the Russell brand accused of rape from twenty five years ago. Yeah,
I guess she regressive hypnotherapy and uh yeah, it all,
it all came out twenty five years ago. What was it?
(45:12):
Y is ninety nine? Oh, ninety nine and two thousand
and five. Just now they've just now decided to to
come out and and accused Russell brand that well that
I thought that ship already sailed. Really, we'll see it
(45:36):
doesn't It looks more like a setup than it does
actually something that that that happened, But we'll see. Hey,
the uh, the folks up Nashville Way, uh forty seven
thousand up in the Nashville area have signed a titian
(46:00):
to rename Nashville International Airport the Dolly Parton International Airport.
It's picking up, Steve, I'm on board with that. Sounds
good to me. Have a great day, kids, two big
radar domes.
Speaker 5 (46:30):
Anybody got any more jokes, any funny?
Speaker 2 (46:32):
Nope, nope, all right, see you folks. We're in news
Radio fifteen eighty AM WCCF Punda Gorda and FM one
hundred point nine W two sixty five EA, Punda Gorda
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