Episode Transcript
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Speaker 1 (00:02):
This is used Radio seven forty kt RH Houston.
Speaker 2 (00:07):
Live Everywhere with them.
Speaker 1 (00:09):
Now the latest news, weather and traffing.
Speaker 3 (00:12):
It's more of what matters to you from the John
Morris Services Studios.
Speaker 2 (00:17):
Good morning, five AM. As we get started on this
Thursday edition of Houston's Morning News, I'm Jimmy Barrett. Among
our top stories of this half hour, anti Israel demonstrators
get arrested at Columbia. Young Americans are voting Republican and
coming up at five to eight, a bill to write
off your auto loan instrumans interest payments. There we go. First, though,
let's check out that drive sky Mike you here, I'm
(00:39):
right there. I got you. One oh five right here too.
Speaker 4 (00:42):
This is eastbound the Conroe area around Walden Road, closer
to Montgomery and the boy they had a rough accident
there earlier.
Speaker 2 (00:49):
It looks like this is.
Speaker 4 (00:50):
All out of the way and you're good to go
both ways between Montgomery and forty five if you're headed
this way, oh the other way. One oh five actually
moving through cutt and shoots uprisingly this morning, and we've
got the usual scoochery on the north sam both ways
Alding Westfield Imperial Valley.
Speaker 2 (01:06):
That's roadwork.
Speaker 4 (01:07):
I'm skylike from the USA Rvresorts dot Com Traffic Center.
Speaker 2 (01:10):
From r KTRH top tax Defenders, twenty four hour weather center.
Partly clouding slight chance my stray shower storm today with
the high temperature right about eighty seven. We'll get Terry
in here with the complete forecast at about nine minutes
right now sixty six at your official severe weather station,
News Radio seven forty KTRH. It's time now for the news.
Here's Cliff Slanders. Hey you, Jimmy. Good morning everybody.
Speaker 5 (01:31):
Five OHO one on KTRH, our top story this hour.
Speaker 2 (01:40):
Yeah, they're back.
Speaker 5 (01:41):
The anti Israel protesters at Columbia University masked, of course,
storming the campus library. Dozens arrested to security officers were injured.
The rioters may be the exception and not the rule, though,
According to new data, young Americans are overwhelmingly Republican these
days and refusing to look back. We asked pulling guru
(02:03):
Robert Kahally to confirm it.
Speaker 1 (02:06):
We found that to be true.
Speaker 6 (02:07):
The men are laying more Republican than the women, leading
Democrats as far as raw numbers. Yeah, we see that continuing.
Speaker 7 (02:14):
It, which is great, but will it continue in next
year's midterms.
Speaker 6 (02:19):
I really think from the numbers I've seen, if they
get rid of the tax on tips and solid security
and overtime, I think the Republicans are going to excel
at the midterms if that happens.
Speaker 7 (02:29):
Some big moves, but still a big if. Jeff Biggs,
News Radio, seun and forty K Tieries, thank you, Jeff.
And then there are the mainstream media games. The liberal
Washington Post wins a Pulitzer Prize for their Trump assassination
coverage or the attempt on his life, I should say
they claimed he was quote removed for loud noises.
Speaker 5 (02:50):
Breonna Lyman at The Federalist says this is another example
of a mainstream media fail that is a.
Speaker 8 (02:55):
Slippery slope that we see where all these institutions of
Pulitzer Prize are the White House corus On Association's Center right.
All of them are just puppets for the larger propaganda
apparatus that sees the democratic machine.
Speaker 5 (03:06):
She says, journalism has just become an ideological agenda five
to ZHO three Closer at to home, Texas Governor Greg
Abbott makes another push for bail reform activist.
Speaker 2 (03:16):
Judges are protecting dangerous criminals instead of the innocent Texans
that those criminals.
Speaker 5 (03:23):
Harm, Abbott, once again calling out House Democrats. Meantime, a
man wearing a bullet proof vested helmet and carrying a
rifle was shot by HPD after a short chase on
the Southwest Side. This started as a traffic stop. Four
officers wound up opening fire. The bad guy was hit
but survived because of the vest. Newpalling from the Liberal
(03:44):
University of Texas shows that while President Trump has high
approval ratings when it comes to the border, he's lagging
on the economy.
Speaker 9 (03:51):
This is expected because Trump is playing the economic long game.
Speaker 10 (03:54):
I think he's trying to correct some long term problems
that we've seen over the last few decades, and I
hope that he gets it sorted out very quickly.
Speaker 9 (04:03):
Rn C Committee man doctor Robin Armstrong says this poll
also shows that Ken Paxton has a strong advantage in
his race with Senator Cornyn.
Speaker 10 (04:10):
He's come a conservative icon nationally and in the state
of Texas as well. Paxton is generally pretty popular amongst
conservatives and Republicans.
Speaker 9 (04:18):
Armstrong noted that this is still early and these numbers
will likely change closer to the midterms. Ethan Buchanan News
Radio seven forty KTRH.
Speaker 2 (04:26):
It's five oh four.
Speaker 5 (04:26):
President Trump is expected to announce a trade deal with
the UK this morning.
Speaker 11 (04:30):
We've been getting ripped off by these countries, including our
so called allies. We have had our jobs taken from us,
We've had our technology stolen from US. China cheats every
day of the week and twice on Sundays, and now
you have a president who is holding them to account
and is getting deals.
Speaker 5 (04:45):
Missouri Senator Josh Hally the announcement at nine o'clock our time.
Even though trade talks with China are set for this weekend,
President Trump says he has no plans to back off
on tariffs anytime soon.
Speaker 6 (04:57):
We were losing with China on trade at trillion dollars
year more, actually one point in one.
Speaker 12 (05:02):
But let's say a Trillian, you know what we're losing now?
Speaker 2 (05:05):
Nothing that's not bad.
Speaker 5 (05:07):
Down Futures are up three hundred and fifty five points
as of the moment, and this is despite rising tensions
between two nuclear powers, India and Pakistan.
Speaker 13 (05:16):
President Trump is decrying India and pakistan slide towards war
in the aftermath of Indian air strikes across Kashmir and Punjab.
In an exclusive interview, India's ambassador and Washington tells Fox
News his government now wants to de escalate. He insists
India's strikes were not an act of war, as Pakistan claims,
but retaliation. Last month's terrorists killed twenty six civilians in
(05:39):
Indian controlled Kashmir, a majority Muslim region. Twenty five of
the victims were Hindu tourists, that is.
Speaker 5 (05:47):
Jillian Turner reporting, as expected, the federal reserves did pat
on interest rates, citing too much uncertainty in the economy.
Financial Planet Richard Rosso expects the fed's ultra cautious approach
to continue.
Speaker 14 (06:00):
If these triffs do not prove inflationary, which I don't
think they're going to pan, we get some deals done,
then inflation will fall to where their target is and
they'll probably have one cut. But you got to remember
the market was looking at six or seven ray cuts
this year, and you're maybe going to get one or two.
Speaker 5 (06:15):
The fed's next meeting is in mid June five h
six on KTRH. Hey, the astros, good for them breaking
out of their slump in a big way yesterday.
Speaker 2 (06:24):
Yeah, Pain your rockets went deep to left, going back
on it as Collins all the warning track looking.
Speaker 1 (06:28):
Up and that ball is gone.
Speaker 14 (06:32):
Just did clear the fence a three run hole rock
for cherby Paynte.
Speaker 2 (06:36):
Yeah.
Speaker 5 (06:36):
The Stros beat the Brewers in Milwaukee nine to one yesterday.
They are back home tomorrow night to take on these
Cincinnati Reds and just breaking black smoke rising from the
Vatican this morning, meaning no Pope after a second vote
to look for Francis's replacement. I'm Cliff Saunders on Houston's
News Weather in traffic station News Radio seven forty KTRH more.
Speaker 3 (06:59):
With Jimmy Verrett and the Houston Morning News teams. This
is Houston's Morning News.
Speaker 2 (07:06):
I got a car note. You got a car note?
How good would it be if you didn't? If you
could deduct the interest you're paying on your car loan?
You know, there used to be time you used to
be able to do stuff like that. You st be
able to do it on your credit cards too. That
might be part of the problem why people got into
so much credit card debt, as you could deduct the interest,
(07:27):
and when they took that away, that was a big
that was a big deduction killer for a lot of folks.
Michigan Representative of course cars Hello. US Representative Bill Heizinga
has introduced legislation that would allow car and truck buyers
to deduct interest paid on their vehicle loans from their
income taxes if they're buying an American made car. This
(07:48):
is the proposal the President Trump made on the campaign
trail during his speech last year in Detroit. He's a Republican,
He's from Holland Township. It's the so called Maid in
America Motors Act, introduced at May seventh, saying it would
allow consumers deduct up to twenty five hundred dollars in
interest paid on a motor vehicle loan in a given year,
as long as the vehicle was assembled in the United States,
(08:11):
so it doesn't have to have all the parts made
in the United States, just has to be assembled here
in the United States twenty five hundred dollars cap on
that though, no deduction would be allowed for any vehicle
loan which is already granted a deduction, but the new
deduction would be available to taxpayers whether or not they
itemize on their annual tax forms. Okay, so you wouldn't
(08:32):
have to fill out the long form and go through
all that in order to do it. You could just
make the claim. Of course, this is something that could
potentially help automobile sales of US assembled vehicles. By the way,
more automakers making announcements that they are going to shift
operations to the United States. So there you go. I
(08:53):
think we have something like sixty thousand capacity for say, no,
what was the figure here, sixty. I think there's sixty
automotive manufacturing plants here here in the United States that
have additional capacity or are not being utilized. They could
be used in order to make American made vehicles, so
they would it wouldn't be that hard to shift operations
(09:13):
for some of these companies back from Mexico or some
other places where they assembling cars and trucks. Tax deduction
will be only available for vehicles weighing less than fourteen pounds,
which means, you know, like commercial use or personal use,
not for commercial trucks made in American Motors. Act would
be a win for American taxpayers, auto workers, and Michigan.
According to Representative Haazinga, who is represented at West Michigan
(09:37):
in the US House since twenty eleven and is considering
a run for US Senate next year. Well there you go,
nice little platform to run on, right if you're from Michigan. Yeah,
I got yeah, I got this bill passed. We'll see
if the bill passes five to ten. Time for traffic
and weather together. To trucks assembled in America. I believe
some of them are. I believe I think they are.
(09:58):
I think they are cool. Break for one in America
and in the South scimon oh even better.
Speaker 4 (10:03):
All right, Wexas, tex says we've got East Loop six
ten a.
Speaker 2 (10:08):
Little bit of a problem.
Speaker 4 (10:09):
Basically, we're in the calm before the next shoe drops
in the woods.
Speaker 2 (10:13):
Terry if I may have mixed my metaphors there, but to.
Speaker 4 (10:15):
East Loop sixteen, I do want you to watch out
this off the Ship Channel Bridge southbound Manchester.
Speaker 2 (10:20):
I really consider that's still part of the bridge.
Speaker 4 (10:23):
This is a stall over on the right side, and
it's right before you make that big curve and everybody
gets all crazy, either going to two twenty five or
going to golf gate. So watch out there and don't
let this little thing become a big thing. They did
clear that wreck one oh five at Walden Road over
on the on the Montgomery side, So that was pretty ugly.
Speaker 2 (10:42):
That looks to be out of the way. We're good
to go both.
Speaker 4 (10:44):
Ways between Montgomery and Conroe and six to ten. We're
not loopy yet at the squeeze going that way. We
look good for now getting over to Shepard, we're wide
open now.
Speaker 2 (10:53):
I'll defer to Terry.
Speaker 4 (10:54):
I'm in the USA R Andbresorts dot Com traffic Center
as long as you brought up by the way to
it has manufacturing plants, including Kentucky, Indiana right here in Texas.
Speaker 2 (11:03):
They came rain Highlander. Tundra are also produced an addition
to the RAM four Sienna and Sequoia, so they build
a lot of stuff in the use. That's so interesting.
Speaker 15 (11:12):
My brother works at the San Antonio plant. Really ye
tundra and Tacoma, and I know that they're switching over
to something else. He's always keeping me up today.
Speaker 4 (11:26):
Yeah, Terry, be sure that he listens to KQXTQ one
oh one nine, San Antonio, our sister station, make them
our number two, pre said on the iHeartRadio appway.
Speaker 2 (11:35):
I'll tell him from r KDRH Top Tax Defenders twenty
four hour, Weather's enter Terry. As you can tell, Terry
is here. She's got the forecast, and we're done with
the rain. You were done with heavy rain.
Speaker 15 (11:48):
There's a little bit of wet weather, but hardly anything
that's going to cause problems. And that's a nice little
change pace after all the rain the last couple of days.
Twenty percent chance of a shower thunderstorm today, and the
closer you are to the coast you're more likely to
run into that. We've got another little disturbance to the
south of us, so we may get a shower thunderstorm
later today. It's going to be a warm day in
(12:10):
the eighties some places, upper eighties today. Tomorrow just sunny
and dry, load to mid eighties. Saturday, a thirty percent
chance of some thundershowers in the afternoon. It is cooler,
upper seventies to low eighties. Sundays. My day, not just
because it's Mother's Day, but it's a sunny, dry day
and temperatures are comfortable around eighty. But then we'll start
(12:31):
to warm back up beginning Monday.
Speaker 2 (12:34):
All right, Well, the moms appreciate getting good weather on
their day. Right now, it is, let me double check
the temperature here it is sixty six at your official
severe weather station. News Radio seven forty KRH.
Speaker 3 (12:46):
It's Houston's Morning News, brought to you by New South
Windows Solutions. Now back to Jimmy Barrits and the Houston
Morning News team.
Speaker 2 (12:54):
All the info you need did take on the day.
So yesterday Mayor John Wipmeyer rolled out out his budget
for the City of Houston. It is a seven billion
that's with the bee YEP seven billion dollar budget. But
the seven billion dollar budget is balanced. He does not
have a deficit. He doesn't. It does not rely on
(13:15):
COVID money or some other federal gimmick in order to
be able to make ends meet. Mayor Whitmyer explaining how
his budget works or how he came up with the budget,
why he's doing what he's doing at a press conference,
I say we'll share some audio with you next. First though,
traffic and weather together, starting with the Usky miike.
Speaker 4 (13:32):
We still got that stall on the east Lip six
ten southbound over Manchester. And actually when they say Manchester,
I consider that's still part of the bridge southbound. So
just watch out as you're merging onto Gulf Gate and
to get onto two twenty five that passing. A ramp
comes before that, so it should be are just back
for which to watch out.
Speaker 2 (13:48):
Forty five north mark from Spring.
Speaker 16 (13:52):
On the endpline that Cypress Wood overpass, there is a packet.
Speaker 12 (13:57):
There's an act on the right side.
Speaker 8 (13:59):
As for body's scunch stuff.
Speaker 4 (14:01):
Whoo part from Spring just juice furbage, Jimmy, I feel
like a miracle worker. All right, let us explore the
East Texas Freeway.
Speaker 1 (14:09):
Got Mike, This is.
Speaker 2 (14:11):
John from a Tasta Theta brother.
Speaker 16 (14:12):
I just made it from a Taxta Theta to downtown
Houston in twenty five minutes.
Speaker 4 (14:19):
John from a Taska Sita, bring another You know what,
Let's let's.
Speaker 2 (14:23):
Talk to a couple of girls. Get a date at
fourteen hundred Lovelick. I'll see you at traffic court. I'm
in the USA. R V Resorts dot Com Traffic Center
from r KTRH top tax Defenders. Twenty four hour Weather
Center part of the Claudia Skies like chance of a
stray shower storm with a height today about eighty five,
partly cloud eighty three Tomorrow Saturday. Part of Claudia Slight
shower Chance eighty two. Mix of sun and clouds eighty
(14:43):
two on Sunday. Right now, temperature is sixty six at
your officials severe weather station. News Radio seven forty k
t RH. Time to get you caught up on some
of our top stories this morning. It's a Thursday. Here's Cliff,
Thank you, Jimmy.
Speaker 5 (14:57):
The White House is taking the deportation fight straight to
sanctuary not cities states. Houston City Council votes to continue
a DEI race based contracting program, and Jimmy, I saw
this story and thought of you. Amazon is forced to
refund a Kentucky mother after her eight year old son
ordered seventy thousand lollipops.
Speaker 2 (15:20):
Seventy thousand, seventy thousand. That's a lot of suckers.
Speaker 5 (15:23):
Some dentists would have made a lot of money. At
the latest News anytime at KTRH dot com. Our next
update is at five point thirty the.
Speaker 1 (15:32):
Preset that sets the record street.
Speaker 12 (15:35):
This has made my whole day more efficient.
Speaker 1 (15:36):
One News Radio seven forty KTRH all right.
Speaker 2 (15:41):
Said he's got a lot of Bill's Fay City was
at one point, what five hundred million dollars in debt,
you know, that's that's how much of a gap there
was in the budget. And Chris Hollins over there, he's like,
who he'sa on the law. We can't we can't function. Yes,
you can, because, as it turns out, there there's plenty
(16:02):
of waste and fraud in the City of Houston, just
like there's plenty of wst and fraud in the federal government.
And Mayor Witmeyer pretty much said as much yesterday when
he un build his seven billion dollar budget.
Speaker 12 (16:13):
But let's talk about today.
Speaker 17 (16:16):
One of the concerns on the campaign trail was what
are you going to do about city finances?
Speaker 12 (16:21):
Much had been written about it.
Speaker 17 (16:25):
You know, we've had a structural deficit as long as
anyone can remember. Bobblingeer, who goes down is a great mayor,
got five hundred million dollars from Metro to help operate
city government.
Speaker 12 (16:41):
Most of it he put in police overtime.
Speaker 17 (16:45):
Coming forward, mayors, most of my friends I watched learn
from them. I've worked with seven mayors. They dealt with
structural deficit, first of all, without being candid and transparent,
which we're doing today. They sold properties to pay for operations.
(17:07):
They laid off over one thousand employees just a two
week notice. They use federal funding for operations one time
federal funding. So this is a special day for me
as a public servant. Here's our challenge that this budget
(17:31):
speaks to moves us in the right direction. If we
can get city government functioning, functioning at the level that
Houstonians expect and deserve, nothing will hold Houston BacT.
Speaker 18 (17:47):
You know, whats here with the city finances and a
budget deficit?
Speaker 17 (17:51):
Can what that looks? Say right now, there is no
deficit as I talked to you today, the twenty six
is balanced and no difference.
Speaker 14 (18:01):
How did you guys accomplish that?
Speaker 17 (18:03):
Through efficiencies, eliminating waste, duplication, reorganization of city departments, cost
saving measures.
Speaker 12 (18:15):
How about the retirees.
Speaker 17 (18:18):
We very compassionately offered our retirees, the employees twenty eight
hundred that are eligible, a very compassionate incentive program. Certainly
when it comes to their healthcare costs, one thousand and
fifty that'll save us one hundred million dollars going forward
(18:39):
in twenty six.
Speaker 2 (18:40):
Imagine that one thousand and fifty employees who are eligible
for retirement, You get them off the payroll all of
a sudden, You've saved one hundred million dollars. Man that's
a lot of high paying jobs in the city Houston,
isn't it. It is. All he did was he consolidated.
(19:02):
He looked for fraud and waste, and he got rid
of waste, and all of a sudden, the deficit's gone.
He's also reprioritized sixty percent of nearly three billion in
general fund spending is going to go to police and fire,
because that's the number one issue in the city of Houston,
is public safety. All right, mister mayor, you're on the
(19:24):
right track here. You're definitely on the right track. Five
twenty six. Time to take a look at your money.
Speaker 19 (19:29):
Here's Jeff Bellinger, and good morning, Jimmy signs the Trump
administration is making progress on trade or fueling some optimism
on Wall Street. President Trump will hold a news conference
today and there's little doubt now he will announce a
trade packed with the UK. He just posted in the
last hour on his social media that this should be
a very big and exciting day for the United States
(19:51):
of America and the United Kingdom. Stock market future is
all pointing higher this morning. The Dow futures are up
three hundred and sixty one points. I'm Jeff Bellinger, Bloomberg
Business on News Radio seven forty ktrh than New York.
Speaker 3 (20:07):
Houston's News, Why there are Traffic plus breaking news twenty
four to seven.
Speaker 1 (20:11):
This is US Radio seven forty KTRH five Everywhere with
the IRF.
Speaker 3 (20:18):
More of what's happening now from the John Morris Services Studios.
Speaker 2 (20:22):
Five thirty is our time here in Houston's Morning News.
I'm Jimmy Barrett. Among our top stories this half hour,
Christy Nome visiting and warning sanctuary cities. Biden is making
more media appearances now than he did during his presidency
and coming up at five thirty eight. They make one
hundred and fifty grand a year and they're using a
food bank. Details in the minutes ahead. You're in Houston's
(20:44):
Morning News. First, Oh man, let's check out that morning
drive sky Mike's here. They're with my Jackpott.
Speaker 4 (20:48):
Nord Freeway outbound at the North Loop six'.
Speaker 2 (20:50):
Ten here is a.
Speaker 4 (20:51):
Wreck this has taken up a right lane so, far but,
man that is a scunchy spot to have one of.
These this is forty Five North freeway, outbound not inbound
at the. Loop we're going to zsume this at the
five forty in The Generator supercenter Dot Com Traffic center.
Speaker 2 (21:06):
From OUR Ktrh Generator supercenter twenty four Hour Weather, center
part of The Claudia's LIKE chancefs straight shower storm today
with the temperature about eighty. Five Terry smith will join
us from The Weather. Channel get you an update here
in nine minutes right now sixty seven at your official
severe weather. Station News radio seven forty k T. Rh
it's time down for the. News Here's. Cliffsuders thank, You.
(21:28):
Jimmy good morning. Everyone it's five thirty one ON ktrh.
Hour top.
Speaker 5 (21:31):
Story the fight against sanctuary cities. Continues it's been going
on for, years but now The trump administration took it
directly to blue.
Speaker 20 (21:40):
States in twenty, Twenty Governor pritzker expanded access to taxpayer
funded free healthcare for illegal. Aliens it has cost the
citizens Of illinois one point six billion.
Speaker 2 (21:51):
Dollars he has been.
Speaker 20 (21:52):
Incentivizing illegals to come here and to live at this.
Speaker 5 (21:55):
STATE Dhs Secretary Christy noaim In illinois. Yesterday no other
federal judge is going after The White house over its
reported plans to deport illegal aliens by flight To. Libya
Joe biden APPOINTED Us District Court Judge Brian murphy issued
the order, yesterday telling The White house flights would violate other.
Rulings Former President Joe biden comes out of hiding again
(22:18):
today to talk to The view ON Abc. Now that's
one day after his interview with THE bbc claiming he
only stuck around in the race so long last year
because his administration was so successful.
Speaker 2 (22:31):
What we had set out to, do no one thought
we could.
Speaker 13 (22:34):
DO i become so successful our gender it was hard
to say Now i'm going to stop.
Speaker 2 (22:40):
Now, yeah he really said.
Speaker 5 (22:42):
That you can bet the view hosts won't be asking
about college anti, semitism the subject of A house hearing.
Speaker 13 (22:50):
Yesterday higher education has failed to address the scurge of anti,
semitism Putting jewish students at risk At haverford and other
campuses across the.
Speaker 5 (23:00):
COUNTRY i heieled Back New York Republican Congresswoman at Least
stephonic dozens were arrested At columbia in a riot on
that campus. Yesterday more on that coming up at. Six
The Federal reserve keeps interest rates unchanged and as. Expected
National Economic Council Director Kevin hasset says The fed and
investors doubting The president's agenda is.
Speaker 21 (23:20):
Unfounded i'm dismayed that they've got bad economic.
Speaker 1 (23:24):
Modelinggue of what might happen to.
Speaker 21 (23:25):
Tariffs they, said you, know if you look at The
Wall street, folks they're saying that the tariffs are going
to creator the. Economy, meanwhile we got really strong jobs
and we don't have the inflation that they said was
going to.
Speaker 5 (23:35):
Happen President trump has called FOR Fed Chair Jerome powell
to cut interest, rates blaming him for continued. Inflation trump
is expected to make a major trade deal announcement at
nine o'clock this.
Speaker 22 (23:46):
Morning there are multiple reports that that trade deal will
be with The United, kingdom a long TIME us. Ally,
however The White house has not offered any. Confirmation for,
weeks pressure has been building on The White, house including
from Some republican, lawmakers to reach a deal to stop
a mayors from piling higher prices on.
Speaker 5 (24:01):
Imports As Fox's Mark, Meredith dow futures right now are
up more than three hundred. Points it's now five point thirty.
Four even Though President trump has secured the border, ryder
Cam breekey Says biden's kept it open as part of
what he calls the attack On western.
Speaker 16 (24:19):
Men whites are always under. Attacked it's nautical. Interestance but
that's the fact THAT i. See it's this destructive mass
immigration and the demonization the anti whiteness that is so
prevalent in All western.
Speaker 5 (24:33):
Nations he says white, people or rather he says. Yes
he says white people are a problem for the left
to co hovid list, agenda and that's why they're trying
so hard to change our. Country In Austin, state lawmakers
continue their fight for, life looking to crack down on
groups using tax payer dollars to pay for women to
Leave texas and get. Abortions even Though texas has strong
(24:54):
pro life, laws tens of thousands Of texas babies are
still killed by abortion every single. Year john siego At
Texas right To life at a hearing this. Week, now
we told you yesterday that a top member Of, Speaker
Dustin Burroughs, estaff was recently fired of allegations that he
used his position to lobby other legislators on his own
(25:15):
to benefit His democrat lobbyist, wife.
Speaker 23 (25:18):
Telling them to move certain pieces of, legislation telling them
to kill certain, bills not based on what Secret burroughs
had actually, directed but instead on what would benefit his
lobbyist wife and her.
Speaker 5 (25:28):
Clients Brandon waltons With Texas, scorecard says this could be
one of the reasons that so many conservative bills have
stalled in The. House, ultimately he says this falls On.
Burrows five point thirty. Five today is day number two
of the papal conclave In. Rome we've already seen one
round of black.
Speaker 24 (25:45):
Smoke the last two, Popes francis And, benedict were both
elected on the second day of the. Conclave it means
thousands will gather In Saint Peter's square in hope of
a conclusive.
Speaker 2 (25:56):
Ballot.
Speaker 24 (25:56):
Today there will be a maximum of four, votes two
in the morning on two in the. Afternoon the one
hundred and thirty three cardinals inside The Cystine chapel need
to find a candidate that at least two thirds of
them agree. On that's eighty nine. Votes none reached that
mark In wednesday's only.
Speaker 5 (26:12):
Vote Jonathan savage reporting five point thirty. Six so you
THINK ai is so, smart, Right, well it needs help
getting your fast food order, right and it might not
take as many jobs as people. THINK a new industry
report found THAT ai needed human backup a wopping twenty
two percent of the.
Speaker 6 (26:30):
Time it doesn't mean THAT ai is not going to
continue to, improve BUT ai simply cannot account for the
nuances of the human.
Speaker 2 (26:38):
Condition it is not there.
Speaker 5 (26:40):
Yet marketing Consultant Peter shankman, says instead of taking your,
job it's more likely THAT ai would be used to
make your job. Easier The astro snap of three game losing,
streak beating The brewers In milwaukee yesterday nine to. One
they're home tomorrow night to start a series with The.
Reds I'm Cliff saundters On Houston's News weather In traffic STATION.
Ktrh this Is Houston's Morning news With Jimmy Barrett.
Speaker 2 (27:07):
Live thirty. Seven any all going? HUNGRY i saw a
report ON. CBS i just had to share this. Report
but you can get your thoughts on. This see what
you're thinking about. This you, know first of, all IT'S. Cbs,
okay they're doing a story about a family In. Connecticut
it's a family five, mom, dad three. Kids mom and
(27:30):
dad both. Work they're combined incoming somewhere around one hundred
and fifty thousand dollars a year and they have to
go to the food bank in order to be able
to maintain what is known in the business as food
sustainability in other, words in other, words to provide enough
food for the. Family they have to supplement what they
(27:51):
can buy at the grocery store with a food bank
because they just can't make it on one hundred and
fifty thousand dollars a. Year here is the report FROM.
Speaker 25 (27:58):
Cbs household income is roughly one fifty two people working full.
Speaker 18 (28:04):
Time SOMETIMES i work two.
Speaker 25 (28:06):
Jobs how can you make one hundred and fifty thousand
dollars and be food.
Speaker 18 (28:10):
Insecure that's not what you bring home after. Taxes you,
know we have mortgage. Insurance we've got one kid on
their way to, college one in. College something as small
as on a thousand dollars expense could throw things off.
Speaker 2 (28:24):
Significantly this one's. Crazy looking on and.
Speaker 26 (28:28):
Off for a, Decade kelsey has relied on help From
Connecticut Food, share the state's largest food Back she and
two of her children now give back by. Volunteering here
all this food and it's still not. Enough, nationally more
than fifty million people need help getting food from charities
like this one here In.
Speaker 2 (28:48):
Connecticut that's one in eight.
Speaker 27 (28:50):
People they're your, neighbor they're your, friend they could be
your family able to.
Speaker 25 (28:55):
Qualify Jason, Jakobowski connecticut food SHARE, ceo and told us
demand for their food jumped twenty three percent last. Year
he expects another double digit increase this.
Speaker 26 (29:06):
Year are you seeing more people with higher incomes who
need your?
Speaker 2 (29:10):
Help one hundred.
Speaker 27 (29:12):
Percent many of them come to us and, SAY i
donated to you for years AND i never in a
million years THOUGHT i would have to use this.
Speaker 2 (29:19):
Service what has changed a lot of economic.
Speaker 27 (29:23):
Unpredictability they're scared about their cost of living is going
to go up To they're scared about what the price
of eggs is going to.
Speaker 2 (29:29):
Be, okay we all get a little sticker shock at
the grocery, store Right but as you're listening to, that
what are you. Thinking i'm, Thinking, okay you make one
hundred and fifty thousand dollars. Yere that's a pretty decent household.
Income but you already said after, Taxes, well you live
in The, northeast you live In, connecticut it's a relatively
(29:50):
high tax. State you have a mortgage and insurance on your,
home and that kind of stuff CAN i get is
a very expensive real estate market, State so you probably
have to spend a lot more in that. House so
you have to spend somewhere like Say, texas out a similar.
Home you got a kid in, college which you're obviously paying.
(30:10):
For they didn't earn a, scholarship they're not doing student.
Loans so, yeah, okay you put those things, together and
and the, question and of COURSE i think the idea
behind the. Stories, see in this, economy even people making
a decent living cat survive without a food. Bank they
would probably survive a lot better if they weren't living In,
connecticut if they were living somewhere where the cost of
(30:31):
living wasn't so dog On high five point forty one
time for traffic and weather together that hunger is a
real thing.
Speaker 4 (30:38):
Somewhere but you, KNOW i was In walmart the other,
night and these are supposed to be the poor, people
And i'm, thinking, man they could miss a few meals
here and still wore. Shorts Nord. Freeway have you ever
watched a show ON tv and you saw it Like Hello,
larry and you, thought, boy this isn't gonna last very.
Long maybe you could think of one out. There Nord
freeway outbound at the. Loop here's the new just hear the.
(31:00):
Police here's the records two right. Lines this is, outbound not.
Inbound flashy light. SHOW i don't think this is going
to be there very. Long stay the course both ways
on the north. Freeway let's go closer into downtown forty.
Five it's ian From Bear. Creek it's Gotten mike right
downtown in the northbound.
Speaker 7 (31:19):
Lane the disabled tractor trailer with guardy gout to hook
up a big batted rockets up behind.
Speaker 2 (31:27):
Him looks like it's getting wrapped.
Speaker 4 (31:28):
Up it's right after The Dallas street squeeze on the.
Northbound so let's be careful coming up if you're rounding
the corner Around Louisiana.
Speaker 2 (31:35):
Street and, YEAH i don't think that's going to be
there long.
Speaker 4 (31:37):
Either I've scott might get Your Generator supercenter Dot com
Traffic center.
Speaker 2 (31:41):
From r KTR H generator Super center in twenty four
hours where the center terry is here by this, day
weekend is almost, here and you're getting the weather street
out just in. Time we.
Speaker 15 (31:50):
Are it is really going to be a nice stretch
of weather next couple of, days though there's a little
bit of rain of the forecast nothing like what we've
had earlier in the. Week today we get to enjoy
a sunny day and there's only a twenty percent chance
of a shower, thunderstorm so it's looking. Good still on
the warm. Side temperatures this afternoon from the low to upper.
(32:11):
EIGHTIES a lot of us will be in the mid
to upper eighties. Today, tomorrow no, rain just a dry,
day a little less, heat a little less. Humidity those
northerly winds helping us out load to mid eighties. Tomorrow,
saturday we may get some rain in the, afternoon a
thirty percent chance of. Thundershowers Temperature saturday around. Eighty same
thing With. Sunday sunday's a sunny day with temperatures around. Eighty,
(32:35):
monday still, drive but now we're going to start to
warm back up mid to upper Eighties.
Speaker 2 (32:39):
Monday right now sixty seven at your official severe weather,
Station News radio seven FORTY. Ktrh what you need to
know for the day.
Speaker 3 (32:48):
Ahead this Is houston's Morning, news brought to you By
New South Windows.
Speaker 2 (32:53):
Solutions it is five point fifty now here In houston's born.
News all, Right so THE fed, meeting they've decided to
leave interest rates. Alone evidently there's some fear about. Stagflation
they know they're behind the, curve but they want to
wait and see what the tariffs. Do stop you you've
heard any of this. BEFORE a certify financial Planner Richard
rosso will talk about it with us coming up. Next
(33:13):
but first we've got traffic and weather, together starting with,
You Sky.
Speaker 4 (33:16):
MIKE i Got jim From keywood on Your East Tech.
Freeway this is going to be a scuffle house on
watch this, Guy.
Speaker 2 (33:22):
Mike, dude there is the scuffle Of halt see More
North park backed up past thirteen fourteen toe Truck tinja
on the theme.
Speaker 4 (33:30):
Boom, Well, SID i wonder If Richard rosso can give
us any verbage. Southbound we are plumb backed up From.
Porter i'm in The Generator supercenter Dot Com Traffic center.
Speaker 2 (33:39):
From OUR Ktrh Generator, supercenter twenty four Hour Weather, center
part of The Klaudia's Slight Chancellors Straight Shower sore eighty
five today Mostly sunday to Party laudate eighty three for
the high temperature. Tomorrow current temperature is sixty seven and
your official severe weather, Station News radio seven FORTY. Ktrh
time to check out some more of our Top thursday morning.
Stories Here's, Cliff.
Speaker 12 (33:59):
Thank, You.
Speaker 5 (34:00):
Jimmy chaos At Columbia university again thanks to Anti israel.
Rioters Transportation Secretary Sean duffy announced as an overhaul to
the air traffic control system today and the first Ever
Coca cola was served In atlanta on this, day all
the way back in eighteen eighty.
Speaker 2 (34:16):
Six No skymike wasn't.
Speaker 5 (34:17):
There get the latest news anytime AT ktrh dot. Com
our next update is at.
Speaker 3 (34:22):
SIX i live in Clear, Lake, humble RELIABLE ktrh traffic
bandweather next on the ten.
Speaker 12 (34:32):
Five fifty.
Speaker 2 (34:33):
Two now here In houston's morning. News are you no?
Surprise Jerome powell and The fed are holding rates, steady
noting rising uncertainty and a risk of. Stagflation richard rosso
JOINS us certified financial. Planner they also said they're behind
the curve and they know it and they don't. Care
so what do you make of?
Speaker 14 (34:54):
That they.
Speaker 1 (34:55):
They HAVE tds tariff.
Speaker 14 (34:59):
Derangements. Uh the the hard data on the economy has been.
Good THE, pce which is THE fed that follows The,
fed it was a two point six percent last. Year
at this time it's two point three in flesh and
is headed. Down the economy is doing, well but THE
(35:22):
fed is notoriously and always behind the. Curve remember when
inflation was, Transitory oh, yeah that lit that little, Ditty oh,
Yeah and The fed didn't do anything to raise rates
when we had a physical bomb that went off and
then figured that this was no big. Deal they think
that the supply chain issue is going to be the
same that it was, then that that that's going to
(35:45):
happen now because of. Tariffs so again they're going to be.
Late but the one THING i, KNOW i Know President
trump gets really upset with. Twell he's been raging over
ON uh over and. Overnight and that's perfectly. Fine but
in some, Way powell is validating some of the stuff
that's coming out of The White, house like the economy is.
Strong you, know they should go along with that line
(36:08):
and stop having him worry about lowering. Rates the economy is,
Strong the hard data is. Good, yeah consumer sentiment is
at the Worst i've seen since The Great. Recession that's.
Ridiculous THE s AND p is down nearly four. Percent
you need you have a balanced portfolio of bonds and.
Stocks you're probably slightly up this, year but you would
think the whole world's coming to an. End, Obviously powell
(36:31):
believes the entire world is coming to an end as.
Speaker 2 (36:34):
Well. Well you, KNOW i think for your average, consumer
consumer confidence is low because we've been dealing with inflation
here for the last four. Years and inflation is going,
down but it's not going to reverse. Itself so we're
still dealing with the higher prices that we have been dealing.
With interest rates remain, high at least not historically, high
as you AND i both, know but the high compared
(36:55):
to what people got used. To so the real estate
market is stagnating. Somewhat so those, kinds those are the
kinds of things that worry.
Speaker 14 (37:02):
Consumers it, is AND i Know i've said it on
the show, before but then no president is going to
be able to come in and lower the prices you're
paying today for actual. Goods those, prices once companies raise,
them it's very difficult to lower. Them so you've got
to look at the rate of change on prices as
we move. Forward but the price you, know when you
(37:23):
look at insurance, prices things that have gone up, dramatically
it's very difficult for those to go. Down mortgage rates
is also they are also an element of supply and.
Demand we haven't had as much supply in the, market
and you know those will eventually. Moderate the one THING
i will say if you're, investor it's nice to know
(37:46):
that you can actually get still close to four percent
on cash and safe. Investments that has actually helped. You
bonds are having.
Speaker 1 (37:54):
A really good, year so you got to keep.
Speaker 14 (37:56):
Perspective you, Know sky might not be may pay more
for his flatable snowman that's going to go on as
lawn this holiday. Season but The, FED i think is absolutely,
overreacting just like they underreacted and told us that inflation
was just, temporary even though everybody was paying close to
nine percent or more on all the goods that they
purchase and services that they.
Speaker 2 (38:18):
Use how much of a difference do you think it would,
Make richard rosso if if we make a big deal
supposedly there's could be a big announcement COMING i think
tomorrow regarding probably The Unety kingdom in a trade. Deal
if we start picking off some of these trade, deals
how much of a difference do you think that might?
Speaker 14 (38:33):
Bank, well it helps with it helps with animal, spirits
it helps with consumer. Sentiment maybe the whole world isn't
coming to an end that the mainstream media is talking,
about and that absolutely. Helps it adds a level of
certainty to the stock, market but it also adds a
level of certainty down to the. Consumer even if they're
(38:55):
paying higher, prices they'll feel there about the. Economy maybe
there are other deals that are. Happening so what that.
Does it helps with the soft, data the sentiment data
you're talking about right. Now you also have to keep
in mind something very, Important, jimmy some of this soft
data is influenced by. Politics, now these are, surveys, right
(39:18):
so keep this in.
Speaker 1 (39:19):
Mind where you are.
Speaker 14 (39:22):
On the political side is affecting These so this is
what concerns me about all these consumer sentiment market sentiment.
Data market sentiment is the worst that we have seen
since the financial, crisis and that's with THE s AND
p down barely four. Percent those two things don't match,
up which tells me that there is a lot of
politics that infiltrates this. Data now agree makes it increasingly.
(39:47):
Unreliable but, yes if we can get these trade, deals
and we can Get Scott besson out there to talk
more about, it because he's very intellectual and calming when
he's out, there that will eventually bring prices. Down energy
Prices press is working on will bring prices, down all.
Speaker 2 (40:02):
Right, SIR i believe that That i'm, late As i'm always.
Am thank, you, sir is always for your, time especially
so early in the. Morning that is Certified Financial Planner Richard.
Russo it's five fifty. Eight
This is used Radio seven forty kt RH Houston.
Speaker 2 (00:07):
Live Everywhere with them.
Speaker 1 (00:09):
Now the latest news, weather and traffing.
Speaker 3 (00:12):
It's more of what matters to you from the John
Morris Services Studios.
Speaker 2 (00:17):
Good morning, five AM. As we get started on this
Thursday edition of Houston's Morning News, I'm Jimmy Barrett. Among
our top stories of this half hour, anti Israel demonstrators
get arrested at Columbia. Young Americans are voting Republican and
coming up at five to eight, a bill to write
off your auto loan instrumans interest payments. There we go. First, though,
let's check out that drive sky Mike you here, I'm
(00:39):
right there. I got you. One oh five right here too.
Speaker 4 (00:42):
This is eastbound the Conroe area around Walden Road, closer
to Montgomery and the boy they had a rough accident
there earlier.
Speaker 2 (00:49):
It looks like this is.
Speaker 4 (00:50):
All out of the way and you're good to go
both ways between Montgomery and forty five if you're headed
this way, oh the other way. One oh five actually
moving through cutt and shoots uprisingly this morning, and we've
got the usual scoochery on the north sam both ways
Alding Westfield Imperial Valley.
Speaker 2 (01:06):
That's roadwork.
Speaker 4 (01:07):
I'm skylike from the USA Rvresorts dot Com Traffic Center.
Speaker 2 (01:10):
From r KTRH top tax Defenders, twenty four hour weather center.
Partly clouding slight chance my stray shower storm today with
the high temperature right about eighty seven. We'll get Terry
in here with the complete forecast at about nine minutes
right now sixty six at your official severe weather station,
News Radio seven forty KTRH. It's time now for the news.
Here's Cliff Slanders. Hey you, Jimmy. Good morning everybody.
Speaker 5 (01:31):
Five OHO one on KTRH, our top story this hour.
Speaker 2 (01:40):
Yeah, they're back.
Speaker 5 (01:41):
The anti Israel protesters at Columbia University masked, of course,
storming the campus library. Dozens arrested to security officers were injured.
The rioters may be the exception and not the rule, though,
According to new data, young Americans are overwhelmingly Republican these
days and refusing to look back. We asked pulling guru
(02:03):
Robert Kahally to confirm it.
Speaker 1 (02:06):
We found that to be true.
Speaker 6 (02:07):
The men are laying more Republican than the women, leading
Democrats as far as raw numbers. Yeah, we see that continuing.
Speaker 7 (02:14):
It, which is great, but will it continue in next
year's midterms.
Speaker 6 (02:19):
I really think from the numbers I've seen, if they
get rid of the tax on tips and solid security
and overtime, I think the Republicans are going to excel
at the midterms if that happens.
Speaker 7 (02:29):
Some big moves, but still a big if. Jeff Biggs,
News Radio, seun and forty K Tieries, thank you, Jeff.
And then there are the mainstream media games. The liberal
Washington Post wins a Pulitzer Prize for their Trump assassination
coverage or the attempt on his life, I should say
they claimed he was quote removed for loud noises.
Speaker 5 (02:50):
Breonna Lyman at The Federalist says this is another example
of a mainstream media fail that is a.
Speaker 8 (02:55):
Slippery slope that we see where all these institutions of
Pulitzer Prize are the White House corus On Association's Center right.
All of them are just puppets for the larger propaganda
apparatus that sees the democratic machine.
Speaker 5 (03:06):
She says, journalism has just become an ideological agenda five
to ZHO three Closer at to home, Texas Governor Greg
Abbott makes another push for bail reform activist.
Speaker 2 (03:16):
Judges are protecting dangerous criminals instead of the innocent Texans
that those criminals.
Speaker 5 (03:23):
Harm, Abbott, once again calling out House Democrats. Meantime, a
man wearing a bullet proof vested helmet and carrying a
rifle was shot by HPD after a short chase on
the Southwest Side. This started as a traffic stop. Four
officers wound up opening fire. The bad guy was hit
but survived because of the vest. Newpalling from the Liberal
(03:44):
University of Texas shows that while President Trump has high
approval ratings when it comes to the border, he's lagging
on the economy.
Speaker 9 (03:51):
This is expected because Trump is playing the economic long game.
Speaker 10 (03:54):
I think he's trying to correct some long term problems
that we've seen over the last few decades, and I
hope that he gets it sorted out very quickly.
Speaker 9 (04:03):
Rn C Committee man doctor Robin Armstrong says this poll
also shows that Ken Paxton has a strong advantage in
his race with Senator Cornyn.
Speaker 10 (04:10):
He's come a conservative icon nationally and in the state
of Texas as well. Paxton is generally pretty popular amongst
conservatives and Republicans.
Speaker 9 (04:18):
Armstrong noted that this is still early and these numbers
will likely change closer to the midterms. Ethan Buchanan News
Radio seven forty KTRH.
Speaker 2 (04:26):
It's five oh four.
Speaker 5 (04:26):
President Trump is expected to announce a trade deal with
the UK this morning.
Speaker 11 (04:30):
We've been getting ripped off by these countries, including our
so called allies. We have had our jobs taken from us,
We've had our technology stolen from US. China cheats every
day of the week and twice on Sundays, and now
you have a president who is holding them to account
and is getting deals.
Speaker 5 (04:45):
Missouri Senator Josh Hally the announcement at nine o'clock our time.
Even though trade talks with China are set for this weekend,
President Trump says he has no plans to back off
on tariffs anytime soon.
Speaker 6 (04:57):
We were losing with China on trade at trillion dollars
year more, actually one point in one.
Speaker 12 (05:02):
But let's say a Trillian, you know what we're losing now?
Speaker 2 (05:05):
Nothing that's not bad.
Speaker 5 (05:07):
Down Futures are up three hundred and fifty five points
as of the moment, and this is despite rising tensions
between two nuclear powers, India and Pakistan.
Speaker 13 (05:16):
President Trump is decrying India and pakistan slide towards war
in the aftermath of Indian air strikes across Kashmir and Punjab.
In an exclusive interview, India's ambassador and Washington tells Fox
News his government now wants to de escalate. He insists
India's strikes were not an act of war, as Pakistan claims,
but retaliation. Last month's terrorists killed twenty six civilians in
(05:39):
Indian controlled Kashmir, a majority Muslim region. Twenty five of
the victims were Hindu tourists, that is.
Speaker 5 (05:47):
Jillian Turner reporting, as expected, the federal reserves did pat
on interest rates, citing too much uncertainty in the economy.
Financial Planet Richard Rosso expects the fed's ultra cautious approach
to continue.
Speaker 14 (06:00):
If these triffs do not prove inflationary, which I don't
think they're going to pan, we get some deals done,
then inflation will fall to where their target is and
they'll probably have one cut. But you got to remember
the market was looking at six or seven ray cuts
this year, and you're maybe going to get one or two.
Speaker 5 (06:15):
The fed's next meeting is in mid June five h
six on KTRH. Hey, the astros, good for them breaking
out of their slump in a big way yesterday.
Speaker 2 (06:24):
Yeah, Pain your rockets went deep to left, going back
on it as Collins all the warning track looking.
Speaker 1 (06:28):
Up and that ball is gone.
Speaker 14 (06:32):
Just did clear the fence a three run hole rock
for cherby Paynte.
Speaker 2 (06:36):
Yeah.
Speaker 5 (06:36):
The Stros beat the Brewers in Milwaukee nine to one yesterday.
They are back home tomorrow night to take on these
Cincinnati Reds and just breaking black smoke rising from the
Vatican this morning, meaning no Pope after a second vote
to look for Francis's replacement. I'm Cliff Saunders on Houston's
News Weather in traffic station News Radio seven forty KTRH more.
Speaker 3 (06:59):
With Jimmy Verrett and the Houston Morning News teams. This
is Houston's Morning News.
Speaker 2 (07:06):
I got a car note. You got a car note?
How good would it be if you didn't? If you
could deduct the interest you're paying on your car loan?
You know, there used to be time you used to
be able to do stuff like that. You st be
able to do it on your credit cards too. That
might be part of the problem why people got into
so much credit card debt, as you could deduct the interest,
(07:27):
and when they took that away, that was a big
that was a big deduction killer for a lot of folks.
Michigan Representative of course cars Hello. US Representative Bill Heizinga
has introduced legislation that would allow car and truck buyers
to deduct interest paid on their vehicle loans from their
income taxes if they're buying an American made car. This
(07:48):
is the proposal the President Trump made on the campaign
trail during his speech last year in Detroit. He's a Republican,
He's from Holland Township. It's the so called Maid in
America Motors Act, introduced at May seventh, saying it would
allow consumers deduct up to twenty five hundred dollars in
interest paid on a motor vehicle loan in a given year,
as long as the vehicle was assembled in the United States,
(08:11):
so it doesn't have to have all the parts made
in the United States, just has to be assembled here
in the United States twenty five hundred dollars cap on
that though, no deduction would be allowed for any vehicle
loan which is already granted a deduction, but the new
deduction would be available to taxpayers whether or not they
itemize on their annual tax forms. Okay, so you wouldn't
(08:32):
have to fill out the long form and go through
all that in order to do it. You could just
make the claim. Of course, this is something that could
potentially help automobile sales of US assembled vehicles. By the way,
more automakers making announcements that they are going to shift
operations to the United States. So there you go. I
(08:53):
think we have something like sixty thousand capacity for say, no,
what was the figure here, sixty. I think there's sixty
automotive manufacturing plants here here in the United States that
have additional capacity or are not being utilized. They could
be used in order to make American made vehicles, so
they would it wouldn't be that hard to shift operations
(09:13):
for some of these companies back from Mexico or some
other places where they assembling cars and trucks. Tax deduction
will be only available for vehicles weighing less than fourteen pounds,
which means, you know, like commercial use or personal use,
not for commercial trucks made in American Motors. Act would
be a win for American taxpayers, auto workers, and Michigan.
According to Representative Haazinga, who is represented at West Michigan
(09:37):
in the US House since twenty eleven and is considering
a run for US Senate next year. Well there you go,
nice little platform to run on, right if you're from Michigan. Yeah,
I got yeah, I got this bill passed. We'll see
if the bill passes five to ten. Time for traffic
and weather together. To trucks assembled in America. I believe
some of them are. I believe I think they are.
(09:58):
I think they are cool. Break for one in America
and in the South scimon oh even better.
Speaker 4 (10:03):
All right, Wexas, tex says we've got East Loop six
ten a.
Speaker 2 (10:08):
Little bit of a problem.
Speaker 4 (10:09):
Basically, we're in the calm before the next shoe drops
in the woods.
Speaker 2 (10:13):
Terry if I may have mixed my metaphors there, but to.
Speaker 4 (10:15):
East Loop sixteen, I do want you to watch out
this off the Ship Channel Bridge southbound Manchester.
Speaker 2 (10:20):
I really consider that's still part of the bridge.
Speaker 4 (10:23):
This is a stall over on the right side, and
it's right before you make that big curve and everybody
gets all crazy, either going to two twenty five or
going to golf gate. So watch out there and don't
let this little thing become a big thing. They did
clear that wreck one oh five at Walden Road over
on the on the Montgomery side, So that was pretty ugly.
Speaker 2 (10:42):
That looks to be out of the way. We're good
to go both.
Speaker 4 (10:44):
Ways between Montgomery and Conroe and six to ten. We're
not loopy yet at the squeeze going that way. We
look good for now getting over to Shepard, we're wide
open now.
Speaker 2 (10:53):
I'll defer to Terry.
Speaker 4 (10:54):
I'm in the USA R Andbresorts dot Com traffic Center
as long as you brought up by the way to
it has manufacturing plants, including Kentucky, Indiana right here in Texas.
Speaker 2 (11:03):
They came rain Highlander. Tundra are also produced an addition
to the RAM four Sienna and Sequoia, so they build
a lot of stuff in the use. That's so interesting.
Speaker 15 (11:12):
My brother works at the San Antonio plant. Really ye
tundra and Tacoma, and I know that they're switching over
to something else. He's always keeping me up today.
Speaker 4 (11:26):
Yeah, Terry, be sure that he listens to KQXTQ one
oh one nine, San Antonio, our sister station, make them
our number two, pre said on the iHeartRadio appway.
Speaker 2 (11:35):
I'll tell him from r KDRH Top Tax Defenders twenty
four hour, Weather's enter Terry. As you can tell, Terry
is here. She's got the forecast, and we're done with
the rain. You were done with heavy rain.
Speaker 15 (11:48):
There's a little bit of wet weather, but hardly anything
that's going to cause problems. And that's a nice little
change pace after all the rain the last couple of days.
Twenty percent chance of a shower thunderstorm today, and the
closer you are to the coast you're more likely to
run into that. We've got another little disturbance to the
south of us, so we may get a shower thunderstorm
later today. It's going to be a warm day in
(12:10):
the eighties some places, upper eighties today. Tomorrow just sunny
and dry, load to mid eighties. Saturday, a thirty percent
chance of some thundershowers in the afternoon. It is cooler,
upper seventies to low eighties. Sundays. My day, not just
because it's Mother's Day, but it's a sunny, dry day
and temperatures are comfortable around eighty. But then we'll start
(12:31):
to warm back up beginning Monday.
Speaker 2 (12:34):
All right, Well, the moms appreciate getting good weather on
their day. Right now, it is, let me double check
the temperature here it is sixty six at your official
severe weather station. News Radio seven forty KRH.
Speaker 3 (12:46):
It's Houston's Morning News, brought to you by New South
Windows Solutions. Now back to Jimmy Barrits and the Houston
Morning News team.
Speaker 2 (12:54):
All the info you need did take on the day.
So yesterday Mayor John Wipmeyer rolled out out his budget
for the City of Houston. It is a seven billion
that's with the bee YEP seven billion dollar budget. But
the seven billion dollar budget is balanced. He does not
have a deficit. He doesn't. It does not rely on
(13:15):
COVID money or some other federal gimmick in order to
be able to make ends meet. Mayor Whitmyer explaining how
his budget works or how he came up with the budget,
why he's doing what he's doing at a press conference,
I say we'll share some audio with you next. First though,
traffic and weather together, starting with the Usky miike.
Speaker 4 (13:32):
We still got that stall on the east Lip six
ten southbound over Manchester. And actually when they say Manchester,
I consider that's still part of the bridge southbound. So
just watch out as you're merging onto Gulf Gate and
to get onto two twenty five that passing. A ramp
comes before that, so it should be are just back
for which to watch out.
Speaker 2 (13:48):
Forty five north mark from Spring.
Speaker 16 (13:52):
On the endpline that Cypress Wood overpass, there is a packet.
Speaker 12 (13:57):
There's an act on the right side.
Speaker 8 (13:59):
As for body's scunch stuff.
Speaker 4 (14:01):
Whoo part from Spring just juice furbage, Jimmy, I feel
like a miracle worker. All right, let us explore the
East Texas Freeway.
Speaker 1 (14:09):
Got Mike, This is.
Speaker 2 (14:11):
John from a Tasta Theta brother.
Speaker 16 (14:12):
I just made it from a Taxta Theta to downtown
Houston in twenty five minutes.
Speaker 4 (14:19):
John from a Taska Sita, bring another You know what,
Let's let's.
Speaker 2 (14:23):
Talk to a couple of girls. Get a date at
fourteen hundred Lovelick. I'll see you at traffic court. I'm
in the USA. R V Resorts dot Com Traffic Center
from r KTRH top tax Defenders. Twenty four hour Weather
Center part of the Claudia Skies like chance of a
stray shower storm with a height today about eighty five,
partly cloud eighty three Tomorrow Saturday. Part of Claudia Slight
shower Chance eighty two. Mix of sun and clouds eighty
(14:43):
two on Sunday. Right now, temperature is sixty six at
your officials severe weather station. News Radio seven forty k
t RH. Time to get you caught up on some
of our top stories this morning. It's a Thursday. Here's Cliff,
Thank you, Jimmy.
Speaker 5 (14:57):
The White House is taking the deportation fight straight to
sanctuary not cities states. Houston City Council votes to continue
a DEI race based contracting program, and Jimmy, I saw
this story and thought of you. Amazon is forced to
refund a Kentucky mother after her eight year old son
ordered seventy thousand lollipops.
Speaker 2 (15:20):
Seventy thousand, seventy thousand. That's a lot of suckers.
Speaker 5 (15:23):
Some dentists would have made a lot of money. At
the latest News anytime at KTRH dot com. Our next
update is at five point thirty the.
Speaker 1 (15:32):
Preset that sets the record street.
Speaker 12 (15:35):
This has made my whole day more efficient.
Speaker 1 (15:36):
One News Radio seven forty KTRH all right.
Speaker 2 (15:41):
Said he's got a lot of Bill's Fay City was
at one point, what five hundred million dollars in debt,
you know, that's that's how much of a gap there
was in the budget. And Chris Hollins over there, he's like,
who he'sa on the law. We can't we can't function. Yes,
you can, because, as it turns out, there there's plenty
(16:02):
of waste and fraud in the City of Houston, just
like there's plenty of wst and fraud in the federal government.
And Mayor Witmeyer pretty much said as much yesterday when
he un build his seven billion dollar budget.
Speaker 12 (16:13):
But let's talk about today.
Speaker 17 (16:16):
One of the concerns on the campaign trail was what
are you going to do about city finances?
Speaker 12 (16:21):
Much had been written about it.
Speaker 17 (16:25):
You know, we've had a structural deficit as long as
anyone can remember. Bobblingeer, who goes down is a great mayor,
got five hundred million dollars from Metro to help operate
city government.
Speaker 12 (16:41):
Most of it he put in police overtime.
Speaker 17 (16:45):
Coming forward, mayors, most of my friends I watched learn
from them. I've worked with seven mayors. They dealt with
structural deficit, first of all, without being candid and transparent,
which we're doing today. They sold properties to pay for operations.
(17:07):
They laid off over one thousand employees just a two
week notice. They use federal funding for operations one time
federal funding. So this is a special day for me
as a public servant. Here's our challenge that this budget
(17:31):
speaks to moves us in the right direction. If we
can get city government functioning, functioning at the level that
Houstonians expect and deserve, nothing will hold Houston BacT.
Speaker 18 (17:47):
You know, whats here with the city finances and a
budget deficit?
Speaker 17 (17:51):
Can what that looks? Say right now, there is no
deficit as I talked to you today, the twenty six
is balanced and no difference.
Speaker 14 (18:01):
How did you guys accomplish that?
Speaker 17 (18:03):
Through efficiencies, eliminating waste, duplication, reorganization of city departments, cost
saving measures.
Speaker 12 (18:15):
How about the retirees.
Speaker 17 (18:18):
We very compassionately offered our retirees, the employees twenty eight
hundred that are eligible, a very compassionate incentive program. Certainly
when it comes to their healthcare costs, one thousand and
fifty that'll save us one hundred million dollars going forward
(18:39):
in twenty six.
Speaker 2 (18:40):
Imagine that one thousand and fifty employees who are eligible
for retirement, You get them off the payroll all of
a sudden, You've saved one hundred million dollars. Man that's
a lot of high paying jobs in the city Houston,
isn't it. It is. All he did was he consolidated.
(19:02):
He looked for fraud and waste, and he got rid
of waste, and all of a sudden, the deficit's gone.
He's also reprioritized sixty percent of nearly three billion in
general fund spending is going to go to police and fire,
because that's the number one issue in the city of Houston,
is public safety. All right, mister mayor, you're on the
(19:24):
right track here. You're definitely on the right track. Five
twenty six. Time to take a look at your money.
Speaker 19 (19:29):
Here's Jeff Bellinger, and good morning, Jimmy signs the Trump
administration is making progress on trade or fueling some optimism
on Wall Street. President Trump will hold a news conference
today and there's little doubt now he will announce a
trade packed with the UK. He just posted in the
last hour on his social media that this should be
a very big and exciting day for the United States
(19:51):
of America and the United Kingdom. Stock market future is
all pointing higher this morning. The Dow futures are up
three hundred and sixty one points. I'm Jeff Bellinger, Bloomberg
Business on News Radio seven forty ktrh than New York.
Speaker 3 (20:07):
Houston's News, Why there are Traffic plus breaking news twenty
four to seven.
Speaker 1 (20:11):
This is US Radio seven forty KTRH five Everywhere with
the IRF.
Speaker 3 (20:18):
More of what's happening now from the John Morris Services Studios.
Speaker 2 (20:22):
Five thirty is our time here in Houston's Morning News.
I'm Jimmy Barrett. Among our top stories this half hour,
Christy Nome visiting and warning sanctuary cities. Biden is making
more media appearances now than he did during his presidency
and coming up at five thirty eight. They make one
hundred and fifty grand a year and they're using a
food bank. Details in the minutes ahead. You're in Houston's
(20:44):
Morning News. First, Oh man, let's check out that morning
drive sky Mike's here. They're with my Jackpott.
Speaker 4 (20:48):
Nord Freeway outbound at the North Loop six'.
Speaker 2 (20:50):
Ten here is a.
Speaker 4 (20:51):
Wreck this has taken up a right lane so, far but,
man that is a scunchy spot to have one of.
These this is forty Five North freeway, outbound not inbound
at the. Loop we're going to zsume this at the
five forty in The Generator supercenter Dot Com Traffic center.
Speaker 2 (21:06):
From OUR Ktrh Generator supercenter twenty four Hour Weather, center
part of The Claudia's LIKE chancefs straight shower storm today
with the temperature about eighty. Five Terry smith will join
us from The Weather. Channel get you an update here
in nine minutes right now sixty seven at your official
severe weather. Station News radio seven forty k T. Rh
it's time down for the. News Here's. Cliffsuders thank, You.
(21:28):
Jimmy good morning. Everyone it's five thirty one ON ktrh.
Hour top.
Speaker 5 (21:31):
Story the fight against sanctuary cities. Continues it's been going
on for, years but now The trump administration took it
directly to blue.
Speaker 20 (21:40):
States in twenty, Twenty Governor pritzker expanded access to taxpayer
funded free healthcare for illegal. Aliens it has cost the
citizens Of illinois one point six billion.
Speaker 2 (21:51):
Dollars he has been.
Speaker 20 (21:52):
Incentivizing illegals to come here and to live at this.
Speaker 5 (21:55):
STATE Dhs Secretary Christy noaim In illinois. Yesterday no other
federal judge is going after The White house over its
reported plans to deport illegal aliens by flight To. Libya
Joe biden APPOINTED Us District Court Judge Brian murphy issued
the order, yesterday telling The White house flights would violate other.
Rulings Former President Joe biden comes out of hiding again
(22:18):
today to talk to The view ON Abc. Now that's
one day after his interview with THE bbc claiming he
only stuck around in the race so long last year
because his administration was so successful.
Speaker 2 (22:31):
What we had set out to, do no one thought
we could.
Speaker 13 (22:34):
DO i become so successful our gender it was hard
to say Now i'm going to stop.
Speaker 2 (22:40):
Now, yeah he really said.
Speaker 5 (22:42):
That you can bet the view hosts won't be asking
about college anti, semitism the subject of A house hearing.
Speaker 13 (22:50):
Yesterday higher education has failed to address the scurge of anti,
semitism Putting jewish students at risk At haverford and other
campuses across the.
Speaker 5 (23:00):
COUNTRY i heieled Back New York Republican Congresswoman at Least
stephonic dozens were arrested At columbia in a riot on
that campus. Yesterday more on that coming up at. Six
The Federal reserve keeps interest rates unchanged and as. Expected
National Economic Council Director Kevin hasset says The fed and
investors doubting The president's agenda is.
Speaker 21 (23:20):
Unfounded i'm dismayed that they've got bad economic.
Speaker 1 (23:24):
Modelinggue of what might happen to.
Speaker 21 (23:25):
Tariffs they, said you, know if you look at The
Wall street, folks they're saying that the tariffs are going
to creator the. Economy, meanwhile we got really strong jobs
and we don't have the inflation that they said was
going to.
Speaker 5 (23:35):
Happen President trump has called FOR Fed Chair Jerome powell
to cut interest, rates blaming him for continued. Inflation trump
is expected to make a major trade deal announcement at
nine o'clock this.
Speaker 22 (23:46):
Morning there are multiple reports that that trade deal will
be with The United, kingdom a long TIME us. Ally,
however The White house has not offered any. Confirmation for,
weeks pressure has been building on The White, house including
from Some republican, lawmakers to reach a deal to stop
a mayors from piling higher prices on.
Speaker 5 (24:01):
Imports As Fox's Mark, Meredith dow futures right now are
up more than three hundred. Points it's now five point thirty.
Four even Though President trump has secured the border, ryder
Cam breekey Says biden's kept it open as part of
what he calls the attack On western.
Speaker 16 (24:19):
Men whites are always under. Attacked it's nautical. Interestance but
that's the fact THAT i. See it's this destructive mass
immigration and the demonization the anti whiteness that is so
prevalent in All western.
Speaker 5 (24:33):
Nations he says white, people or rather he says. Yes
he says white people are a problem for the left
to co hovid list, agenda and that's why they're trying
so hard to change our. Country In Austin, state lawmakers
continue their fight for, life looking to crack down on
groups using tax payer dollars to pay for women to
Leave texas and get. Abortions even Though texas has strong
(24:54):
pro life, laws tens of thousands Of texas babies are
still killed by abortion every single. Year john siego At
Texas right To life at a hearing this. Week, now
we told you yesterday that a top member Of, Speaker
Dustin Burroughs, estaff was recently fired of allegations that he
used his position to lobby other legislators on his own
(25:15):
to benefit His democrat lobbyist, wife.
Speaker 23 (25:18):
Telling them to move certain pieces of, legislation telling them
to kill certain, bills not based on what Secret burroughs
had actually, directed but instead on what would benefit his
lobbyist wife and her.
Speaker 5 (25:28):
Clients Brandon waltons With Texas, scorecard says this could be
one of the reasons that so many conservative bills have
stalled in The. House, ultimately he says this falls On.
Burrows five point thirty. Five today is day number two
of the papal conclave In. Rome we've already seen one
round of black.
Speaker 24 (25:45):
Smoke the last two, Popes francis And, benedict were both
elected on the second day of the. Conclave it means
thousands will gather In Saint Peter's square in hope of
a conclusive.
Speaker 2 (25:56):
Ballot.
Speaker 24 (25:56):
Today there will be a maximum of four, votes two
in the morning on two in the. Afternoon the one
hundred and thirty three cardinals inside The Cystine chapel need
to find a candidate that at least two thirds of
them agree. On that's eighty nine. Votes none reached that
mark In wednesday's only.
Speaker 5 (26:12):
Vote Jonathan savage reporting five point thirty. Six so you
THINK ai is so, smart, Right, well it needs help
getting your fast food order, right and it might not
take as many jobs as people. THINK a new industry
report found THAT ai needed human backup a wopping twenty
two percent of the.
Speaker 6 (26:30):
Time it doesn't mean THAT ai is not going to
continue to, improve BUT ai simply cannot account for the
nuances of the human.
Speaker 2 (26:38):
Condition it is not there.
Speaker 5 (26:40):
Yet marketing Consultant Peter shankman, says instead of taking your,
job it's more likely THAT ai would be used to
make your job. Easier The astro snap of three game losing,
streak beating The brewers In milwaukee yesterday nine to. One
they're home tomorrow night to start a series with The.
Reds I'm Cliff saundters On Houston's News weather In traffic STATION.
Ktrh this Is Houston's Morning news With Jimmy Barrett.
Speaker 2 (27:07):
Live thirty. Seven any all going? HUNGRY i saw a
report ON. CBS i just had to share this. Report
but you can get your thoughts on. This see what
you're thinking about. This you, know first of, all IT'S. Cbs,
okay they're doing a story about a family In. Connecticut
it's a family five, mom, dad three. Kids mom and
(27:30):
dad both. Work they're combined incoming somewhere around one hundred
and fifty thousand dollars a year and they have to
go to the food bank in order to be able
to maintain what is known in the business as food
sustainability in other, words in other, words to provide enough
food for the. Family they have to supplement what they
(27:51):
can buy at the grocery store with a food bank
because they just can't make it on one hundred and
fifty thousand dollars a. Year here is the report FROM.
Speaker 25 (27:58):
Cbs household income is roughly one fifty two people working full.
Speaker 18 (28:04):
Time SOMETIMES i work two.
Speaker 25 (28:06):
Jobs how can you make one hundred and fifty thousand
dollars and be food.
Speaker 18 (28:10):
Insecure that's not what you bring home after. Taxes you,
know we have mortgage. Insurance we've got one kid on
their way to, college one in. College something as small
as on a thousand dollars expense could throw things off.
Speaker 2 (28:24):
Significantly this one's. Crazy looking on and.
Speaker 26 (28:28):
Off for a, Decade kelsey has relied on help From
Connecticut Food, share the state's largest food Back she and
two of her children now give back by. Volunteering here
all this food and it's still not. Enough, nationally more
than fifty million people need help getting food from charities
like this one here In.
Speaker 2 (28:48):
Connecticut that's one in eight.
Speaker 27 (28:50):
People they're your, neighbor they're your, friend they could be
your family able to.
Speaker 25 (28:55):
Qualify Jason, Jakobowski connecticut food SHARE, ceo and told us
demand for their food jumped twenty three percent last. Year
he expects another double digit increase this.
Speaker 26 (29:06):
Year are you seeing more people with higher incomes who
need your?
Speaker 2 (29:10):
Help one hundred.
Speaker 27 (29:12):
Percent many of them come to us and, SAY i
donated to you for years AND i never in a
million years THOUGHT i would have to use this.
Speaker 2 (29:19):
Service what has changed a lot of economic.
Speaker 27 (29:23):
Unpredictability they're scared about their cost of living is going
to go up To they're scared about what the price
of eggs is going to.
Speaker 2 (29:29):
Be, okay we all get a little sticker shock at
the grocery, store Right but as you're listening to, that
what are you. Thinking i'm, Thinking, okay you make one
hundred and fifty thousand dollars. Yere that's a pretty decent household.
Income but you already said after, Taxes, well you live
in The, northeast you live In, connecticut it's a relatively
(29:50):
high tax. State you have a mortgage and insurance on your,
home and that kind of stuff CAN i get is
a very expensive real estate market, State so you probably
have to spend a lot more in that. House so
you have to spend somewhere like Say, texas out a similar.
Home you got a kid in, college which you're obviously paying.
(30:10):
For they didn't earn a, scholarship they're not doing student.
Loans so, yeah, okay you put those things, together and
and the, question and of COURSE i think the idea
behind the. Stories, see in this, economy even people making
a decent living cat survive without a food. Bank they
would probably survive a lot better if they weren't living In,
connecticut if they were living somewhere where the cost of
(30:31):
living wasn't so dog On high five point forty one
time for traffic and weather together that hunger is a
real thing.
Speaker 4 (30:38):
Somewhere but you, KNOW i was In walmart the other,
night and these are supposed to be the poor, people
And i'm, thinking, man they could miss a few meals
here and still wore. Shorts Nord. Freeway have you ever
watched a show ON tv and you saw it Like Hello,
larry and you, thought, boy this isn't gonna last very.
Long maybe you could think of one out. There Nord
freeway outbound at the. Loop here's the new just hear the.
(31:00):
Police here's the records two right. Lines this is, outbound not.
Inbound flashy light. SHOW i don't think this is going
to be there very. Long stay the course both ways
on the north. Freeway let's go closer into downtown forty.
Five it's ian From Bear. Creek it's Gotten mike right
downtown in the northbound.
Speaker 7 (31:19):
Lane the disabled tractor trailer with guardy gout to hook
up a big batted rockets up behind.
Speaker 2 (31:27):
Him looks like it's getting wrapped.
Speaker 4 (31:28):
Up it's right after The Dallas street squeeze on the.
Northbound so let's be careful coming up if you're rounding
the corner Around Louisiana.
Speaker 2 (31:35):
Street and, YEAH i don't think that's going to be
there long.
Speaker 4 (31:37):
Either I've scott might get Your Generator supercenter Dot com
Traffic center.
Speaker 2 (31:41):
From r KTR H generator Super center in twenty four
hours where the center terry is here by this, day
weekend is almost, here and you're getting the weather street
out just in. Time we.
Speaker 15 (31:50):
Are it is really going to be a nice stretch
of weather next couple of, days though there's a little
bit of rain of the forecast nothing like what we've
had earlier in the. Week today we get to enjoy
a sunny day and there's only a twenty percent chance
of a shower, thunderstorm so it's looking. Good still on
the warm. Side temperatures this afternoon from the low to upper.
(32:11):
EIGHTIES a lot of us will be in the mid
to upper eighties. Today, tomorrow no, rain just a dry,
day a little less, heat a little less. Humidity those
northerly winds helping us out load to mid eighties. Tomorrow,
saturday we may get some rain in the, afternoon a
thirty percent chance of. Thundershowers Temperature saturday around. Eighty same
thing With. Sunday sunday's a sunny day with temperatures around. Eighty,
(32:35):
monday still, drive but now we're going to start to
warm back up mid to upper Eighties.
Speaker 2 (32:39):
Monday right now sixty seven at your official severe weather,
Station News radio seven FORTY. Ktrh what you need to
know for the day.
Speaker 3 (32:48):
Ahead this Is houston's Morning, news brought to you By
New South Windows.
Speaker 2 (32:53):
Solutions it is five point fifty now here In houston's born.
News all, Right so THE fed, meeting they've decided to
leave interest rates. Alone evidently there's some fear about. Stagflation
they know they're behind the, curve but they want to
wait and see what the tariffs. Do stop you you've
heard any of this. BEFORE a certify financial Planner Richard
rosso will talk about it with us coming up. Next
(33:13):
but first we've got traffic and weather, together starting with,
You Sky.
Speaker 4 (33:16):
MIKE i Got jim From keywood on Your East Tech.
Freeway this is going to be a scuffle house on
watch this, Guy.
Speaker 2 (33:22):
Mike, dude there is the scuffle Of halt see More
North park backed up past thirteen fourteen toe Truck tinja
on the theme.
Speaker 4 (33:30):
Boom, Well, SID i wonder If Richard rosso can give
us any verbage. Southbound we are plumb backed up From.
Porter i'm in The Generator supercenter Dot Com Traffic center.
Speaker 2 (33:39):
From OUR Ktrh Generator, supercenter twenty four Hour Weather, center
part of The Klaudia's Slight Chancellors Straight Shower sore eighty
five today Mostly sunday to Party laudate eighty three for
the high temperature. Tomorrow current temperature is sixty seven and
your official severe weather, Station News radio seven FORTY. Ktrh
time to check out some more of our Top thursday morning.
Stories Here's, Cliff.
Speaker 12 (33:59):
Thank, You.
Speaker 5 (34:00):
Jimmy chaos At Columbia university again thanks to Anti israel.
Rioters Transportation Secretary Sean duffy announced as an overhaul to
the air traffic control system today and the first Ever
Coca cola was served In atlanta on this, day all
the way back in eighteen eighty.
Speaker 2 (34:16):
Six No skymike wasn't.
Speaker 5 (34:17):
There get the latest news anytime AT ktrh dot. Com
our next update is at.
Speaker 3 (34:22):
SIX i live in Clear, Lake, humble RELIABLE ktrh traffic
bandweather next on the ten.
Speaker 12 (34:32):
Five fifty.
Speaker 2 (34:33):
Two now here In houston's morning. News are you no?
Surprise Jerome powell and The fed are holding rates, steady
noting rising uncertainty and a risk of. Stagflation richard rosso
JOINS us certified financial. Planner they also said they're behind
the curve and they know it and they don't. Care
so what do you make of?
Speaker 14 (34:54):
That they.
Speaker 1 (34:55):
They HAVE tds tariff.
Speaker 14 (34:59):
Derangements. Uh the the hard data on the economy has been.
Good THE, pce which is THE fed that follows The,
fed it was a two point six percent last. Year
at this time it's two point three in flesh and
is headed. Down the economy is doing, well but THE
(35:22):
fed is notoriously and always behind the. Curve remember when
inflation was, Transitory oh, yeah that lit that little, Ditty oh,
Yeah and The fed didn't do anything to raise rates
when we had a physical bomb that went off and
then figured that this was no big. Deal they think
that the supply chain issue is going to be the
same that it was, then that that that's going to
(35:45):
happen now because of. Tariffs so again they're going to be.
Late but the one THING i, KNOW i Know President
trump gets really upset with. Twell he's been raging over
ON uh over and. Overnight and that's perfectly. Fine but
in some, Way powell is validating some of the stuff
that's coming out of The White, house like the economy is.
Strong you, know they should go along with that line
(36:08):
and stop having him worry about lowering. Rates the economy is,
Strong the hard data is. Good, yeah consumer sentiment is
at the Worst i've seen since The Great. Recession that's.
Ridiculous THE s AND p is down nearly four. Percent
you need you have a balanced portfolio of bonds and.
Stocks you're probably slightly up this, year but you would
think the whole world's coming to an. End, Obviously powell
(36:31):
believes the entire world is coming to an end as.
Speaker 2 (36:34):
Well. Well you, KNOW i think for your average, consumer
consumer confidence is low because we've been dealing with inflation
here for the last four. Years and inflation is going,
down but it's not going to reverse. Itself so we're
still dealing with the higher prices that we have been dealing.
With interest rates remain, high at least not historically, high
as you AND i both, know but the high compared
(36:55):
to what people got used. To so the real estate
market is stagnating. Somewhat so those, kinds those are the
kinds of things that worry.
Speaker 14 (37:02):
Consumers it, is AND i Know i've said it on
the show, before but then no president is going to
be able to come in and lower the prices you're
paying today for actual. Goods those, prices once companies raise,
them it's very difficult to lower. Them so you've got
to look at the rate of change on prices as
we move. Forward but the price you, know when you
(37:23):
look at insurance, prices things that have gone up, dramatically
it's very difficult for those to go. Down mortgage rates
is also they are also an element of supply and.
Demand we haven't had as much supply in the, market
and you know those will eventually. Moderate the one THING
i will say if you're, investor it's nice to know
(37:46):
that you can actually get still close to four percent
on cash and safe. Investments that has actually helped. You
bonds are having.
Speaker 1 (37:54):
A really good, year so you got to keep.
Speaker 14 (37:56):
Perspective you, Know sky might not be may pay more
for his flatable snowman that's going to go on as
lawn this holiday. Season but The, FED i think is absolutely,
overreacting just like they underreacted and told us that inflation
was just, temporary even though everybody was paying close to
nine percent or more on all the goods that they
purchase and services that they.
Speaker 2 (38:18):
Use how much of a difference do you think it would,
Make richard rosso if if we make a big deal
supposedly there's could be a big announcement COMING i think
tomorrow regarding probably The Unety kingdom in a trade. Deal
if we start picking off some of these trade, deals
how much of a difference do you think that might?
Speaker 14 (38:33):
Bank, well it helps with it helps with animal, spirits
it helps with consumer. Sentiment maybe the whole world isn't
coming to an end that the mainstream media is talking,
about and that absolutely. Helps it adds a level of
certainty to the stock, market but it also adds a
level of certainty down to the. Consumer even if they're
(38:55):
paying higher, prices they'll feel there about the. Economy maybe
there are other deals that are. Happening so what that.
Does it helps with the soft, data the sentiment data
you're talking about right. Now you also have to keep
in mind something very, Important, jimmy some of this soft
data is influenced by. Politics, now these are, surveys, right
(39:18):
so keep this in.
Speaker 1 (39:19):
Mind where you are.
Speaker 14 (39:22):
On the political side is affecting These so this is
what concerns me about all these consumer sentiment market sentiment.
Data market sentiment is the worst that we have seen
since the financial, crisis and that's with THE s AND
p down barely four. Percent those two things don't match,
up which tells me that there is a lot of
politics that infiltrates this. Data now agree makes it increasingly.
(39:47):
Unreliable but, yes if we can get these trade, deals
and we can Get Scott besson out there to talk
more about, it because he's very intellectual and calming when
he's out, there that will eventually bring prices. Down energy
Prices press is working on will bring prices, down all.
Speaker 2 (40:02):
Right, SIR i believe that That i'm, late As i'm always.
Am thank, you, sir is always for your, time especially
so early in the. Morning that is Certified Financial Planner Richard.
Russo it's five fifty. Eight
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