All eyes on the FED this week - Jay Ratliff is live

Episode Transcript

Speaker 1 (00:00):
Jay Radliff joins is now from Daytrade Fund dot com. So, Jay,
good morning the president yesterday and in Northeast PA talking
about how wonderful the economy is in the twenty twenty
six coming in a robust year. The flowers will bloom
from everything we've been working on. In twenty twenty five.
The market looks great. You just forget all this craziness
the Dems are trying to tell you about it. We're

(00:20):
looking good. I did see gas prices are two forty
three at Costco. I'll take that. But absolutely, what do
you think about everybody's general feeling on the affordability.

Speaker 2 (00:30):
Well, that's kind of the key thing, and it's fascinating
to me, but certainly not surprising that the Democratic friends
of mine that spent zero time being worried about accountability,
affordability blah blah blah during the previous four years are
now jumping up and down on it as though it's
a new thing. Well, you know, things were not affordable

(00:53):
as much as we would have liked over the last
four years, and a lot of that had to do
with policies, not so much coming out of the pandemic,
although that's getting the on some of it. But all
you have to do is look at the fact that
we are seeing a drop in inflation. We're seeing a
drop in some prices. I mean, you're talking about fuel
prices being down. I think when Trump came into office,

(01:13):
the price per barrel was seventy some dollars a year.
I think it's fifty dollars a bar we're seeing a
surplus of that. And of course, if Jerome Powell, who
shows up today with his Santa hat, which probably he won't,
it doesn't impress me as a Santahate kind of guy
wearing it. But today the Fed should be making an
announcement on what they're going to be doing as far

(01:33):
as interest rates, and there's like a ninety some percent
probability based on market expectations, that we're going to see
about a twenty five basis point reduction announced today. And
that's certainly going to be good. Because when we came
into this year, you and I were talking and it
was kind of like, Jay, what do you think would
be good as far as interest rate cuts? I said,

(01:53):
if we got three of them, I would be happy.
And that's exactly what we're going to end up with
with the third announcement, So I think that's going to
be good or good to see. And obviously, as things progress,
we're going to see where everything rolls out. But if
we can an interest rate cutting now with a lot
of the things that I think we'll start seeing next year,

(02:13):
it could be an incredibly exciting year next year, and
it's gonna be fun to.

Speaker 1 (02:17):
Watch good and good. And do you think Jerome pal
survives next year?

Speaker 2 (02:22):
Well, his term is up, I believe in May, and
I think it's pretty much a foregone conclusion at this
point that the President's going to appoint someone else. And
if if that's the case and Jerome Powell goes on
his way, I have to give him high marks for
everything that he's done because he had a playbook. Remember
he was appointed by President Trump when he was first

(02:43):
put into office. The thing he's done is he inherited
the pandemic and we didn't have a playbook on how
you manage controlling the fight over inflation and everything else,
so he had to kind of write the playbook as
he went and I think he's done a very good job.
And obviously he's not done things as fast as what
some people would like, but as you and I've discussed

(03:05):
before many times, if they did too much too soon,
that puts us in a position where we really could
see a lot of damage being done. And I think
Jerome palellin the team at the FED has done a
very very good job on managing the inflation and the
interest rates, trying to keep everything in check.

Speaker 1 (03:21):
All right, quickly, on another subject, You've spent a lot
of years in the airline industry. Southwest Airlines now given
an eleven million dollar fee forgiveness by the Department of
Transportation over what took place at Christmas time, big meltdown
back in twenty twenty three. Recap what happened and what's
going on here?

Speaker 2 (03:37):
Yeah, I'm not happy with this. On JT. I'm telling
you it was in October Christmas of twenty three, Southwest
Airlines's main computer just crashes and it inconvenience more passengers
and we can count hundreds and hundreds and hundreds of
thousands of people that were flying that week. Everything was
brought to a standstill. It took several days to get
people to their destination, and absolute mess. The Department of

(03:59):
Transportation under the Biden administration investigated to find out they
were using a computer system that was last updated and
I don't know, nineteen ninety four, and the government said, uh,
you'd need to treat your customers better. We're giving a
thirty five million dollar fine, which I loved because they
were holding the airlines accountable. Southwest has paid twenty four
million of it, and the Trump administration is saying, you

(04:20):
know what, we're going to forgive the last eleven million,
which I don't like at all because that tends to
happen all the time. When Donald Trump was elected, all
the airline stocks went up. Why because there's been in
the past a real cozy relationship with the Trump administration
and airlines. You remember JT when he was elected, with
the airlines and Boeing contributing like a million dollars up
piece to the Trump inaugural fund. I do not like

(04:43):
how that looks. And yeah, I wish the airlines were
held more accountable.

Speaker 1 (04:47):
All right, Jay, thank you so much, buddy, Love your insight, Jay,
Raylupodaytrade fund dot Com. Thank you, buddy. We'll talk soon.