Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Jay Radliff joins us now from Daytrade fund dot com.
We'll talk about airline travel in just a minute. Has
Jay spent years in the airline industry as and executive.
But first, Jay, let's talk about President Trump's desire to
have a one percent interest rate out there for everybody,
and the FED going, what, I don't know about that?
So where are we on all this?
Speaker 2 (00:20):
Well, you've got the politician and President Trump, and you've
got the FED Chairman, Jerome Palell. And you know the
interesting thing is you and I have talked about. Palell
is there because President Trump appointed him in his first
term as the FED chair He and his team are
in charge of making sure that we stay ahead of inflation.
And so far they've done a very good job, even
(00:41):
though they've been far from perfect. Many times they have
indicated where they have come up short very clearly saying, look,
we were late to the party here, or we did
this instead of that, and we've learned from it. And
they're a very methodical group and as a result, they're
not going to do things too quickly. And their biggest
fear is, yeah, if they gave us an interest rate
(01:01):
cut prematurely. Now, the market and economy would respond initially,
but it could create some problems. It would be worse
for us as we move forward, and that's what the
Fed's desperately trying to avoid. And if it means being
a little bit late in an interest rate cut, that's
a lot easier of a mistake to make than going
too fast and creating problems now they look at it.
(01:23):
President Trump is just he's impatient. He just wants it now,
and I totally get that, but the Fed needs to
make sure they need to do what they want now.
Some of the most recent data suggests that maybe we
could still be looking at two interest rate cuts this year,
and they came into the year hoping for three. Maybe
we'll get two. We'll have to wait and see. But
(01:44):
I guess the thing that bugs Trump the most is
that when the president sees that just before the last election,
when Joe Biden was president, a lot of these similar
data points were being hit and there was an interest
rate cut announced then, So he's thinking, why can't we
have one now. But there's a lot of uncertainty with
regards to the tariffs, which all of us most of
(02:06):
us understand is can be a very good thing for
the country as we progress, but it's going to take time,
and Jerupowd just does not know how much time it's.
Speaker 1 (02:14):
Going to take. Yeah, well, you know, I love playing
the what if games? So what if Donald Trump got
his way and it went to one percent interest rate?
Does that not just kind of you know, real nice
for a few days, But ultimately doesn't that drive inflation
and create bigger problems?
Speaker 2 (02:29):
Like you mentioned, it's like giving your kids everything they
wanted and even though things that aren't good for them,
and then all of a sudden, here comes the consequences. Yeah,
it would be something that you know would be great
to see, but there's just so many reasons why you can't.
And you talk about the uncertainty factor on Wall Street.
Oh my gosh, it would throw things in such a tizzy.
(02:51):
You wouldn't know what was going on, and you know,
we might see another bit of a sell off. But
you know, when we had the last sell off in April,
you and I talked about during those tariff fears that
were out there, Jim Kramer and so many others talking
about the market's going to crash. This is horrible. Sadly,
there were so many people when the Dow dropped under
I think thirty seven thousand that you know sold their stocks.
(03:14):
They said I'm going to do this or that, make
these changes, and even though they shouldn't, and since then
the market's up, I don't know, twenty two to twenty
three percent. So for the people that just took their
hands off the steering wheel, you were at where you
were at before, and probably a little bit better. And
that's just a reminder to ignore the headlines and just
stick to your plan.
Speaker 1 (03:33):
Well, let's talk about yeah that because the tariffs long term,
as Donald Trump said, it's going to be a stinger.
In the beginning, it felt like you got punched in
the gut a minute. But hey, hang in there, let
me do what I do. And it's kind of yeah,
putting Jim Kramer and those others, you know, sit down
and have a coke and a smile and hold my
(03:53):
iced tea because we're doing okay with it.
Speaker 2 (03:56):
Well, you know, President Trump was a successful businessman. Yeah,
there were some bankruptcies and some other things that went along,
but you see that with airlines and so many of
the businesses as well. That just what happens many times
when you are in business and some of those things
are forced to occur. But the bottom line is most
of the things that he wants to get done have
(04:16):
the country's best interest in him as he's progressing, and
I love that, and it's just it's good to see.
I mean, we're back to being respected in the world,
which I appreciate. We're preparing to celebrate our nation's birthday,
which is incredible. A lot of great things that are
going on right now, and hopefully the tariffs and everything
that go through will get finalized, which in essence, could
(04:39):
you know, help our economy for the next decade. And
you know, I'm just wondering how long will it take?
And I know the answer to this before he gets
credit for some of the things he's doing from the
other side. Never So we're going to.
Speaker 1 (04:51):
Have it, you know, in good news this morning too.
I know it's early, but the futures are up across
the board and barrels a oiler at sixty six dollars,
so everything steady, she goes all right, I want to
get thank your thoughts. July fourth weekend, as you mentioned,
is upon us and we're just talking with Clay Ingram
from Triple A here in Alabama on the roads and
best times to travel and worst times to travel. You've
been in the airline industry forever, You've seen everything. Tips
(05:14):
for flyers this holiday weekend.
Speaker 2 (05:16):
Well, I'll never say I've seen it all because you
never want to underestimate people. But when you're flying this weekend,
obviously get to the airport extra early, at least two
hours before departure walking in the door. That's a given.
Got a lot of people that are flying, and I
doubt that you'd be tempted. But please leave the fireworks
at home JPS. You still have people bringing explosives to
(05:37):
the airport in shock. TSA takes things away from us.
And remember that the Galaxy seven smartphone, this is a
phone that goes back to I think twenty sixteen, has
been banned from flying. The TSA will not allow you
to carry that onto an airplane. The batteries on those
are very prone to overheating catching on fire. So because
(05:58):
of that that Galaxy it's Samsung I think twenty sixteen
smartphone is not allowed on the flight. So if you've
got an older phone and you check and see it's that,
you don't take it to the airport because the ts
will take it away from or ask you to do
something with it because it will not be allowed on
the airplane.
Speaker 1 (06:16):
Yeah, and as busy as things are, I guess it's
good advice to pack some extra patience with you when
you go.
Speaker 2 (06:22):
Bring a loaded glock in front of you and it's
going to slow things down because they forgot about it.
Speaker 1 (06:26):
Yeah, don't do that.
Speaker 2 (06:27):
Things happen, or you know, you have a technical issue
where something breaks at the security checkpoint where one of
the screeners has an issue. So you just get to
the airport, get through that screening checkpoint as quickly as
you can, don't stand around talking because you never know
what's going to happen, and get to the gate.
Speaker 1 (06:42):
Yeah, very good, Jay, have a great holiday. We can
thank you, buddy. I appreciate you.
Jay Radliff joins us now from Daytrade fund dot com.
We'll talk about airline travel in just a minute. Has
Jay spent years in the airline industry as and executive.
But first, Jay, let's talk about President Trump's desire to
have a one percent interest rate out there for everybody,
and the FED going, what, I don't know about that?
So where are we on all this?
Speaker 2 (00:20):
Well, you've got the politician and President Trump, and you've
got the FED Chairman, Jerome Palell. And you know the
interesting thing is you and I have talked about. Palell
is there because President Trump appointed him in his first
term as the FED chair He and his team are
in charge of making sure that we stay ahead of inflation.
And so far they've done a very good job, even
(00:41):
though they've been far from perfect. Many times they have
indicated where they have come up short very clearly saying, look,
we were late to the party here, or we did
this instead of that, and we've learned from it. And
they're a very methodical group and as a result, they're
not going to do things too quickly. And their biggest
fear is, yeah, if they gave us an interest rate
(01:01):
cut prematurely. Now, the market and economy would respond initially,
but it could create some problems. It would be worse
for us as we move forward, and that's what the
Fed's desperately trying to avoid. And if it means being
a little bit late in an interest rate cut, that's
a lot easier of a mistake to make than going
too fast and creating problems now they look at it.
(01:23):
President Trump is just he's impatient. He just wants it now,
and I totally get that, but the Fed needs to
make sure they need to do what they want now.
Some of the most recent data suggests that maybe we
could still be looking at two interest rate cuts this year,
and they came into the year hoping for three. Maybe
we'll get two. We'll have to wait and see. But
(01:44):
I guess the thing that bugs Trump the most is
that when the president sees that just before the last election,
when Joe Biden was president, a lot of these similar
data points were being hit and there was an interest
rate cut announced then, So he's thinking, why can't we
have one now. But there's a lot of uncertainty with
regards to the tariffs, which all of us most of
(02:06):
us understand is can be a very good thing for
the country as we progress, but it's going to take time,
and Jerupowd just does not know how much time it's.
Speaker 1 (02:14):
Going to take. Yeah, well, you know, I love playing
the what if games? So what if Donald Trump got
his way and it went to one percent interest rate?
Does that not just kind of you know, real nice
for a few days, But ultimately doesn't that drive inflation
and create bigger problems?
Speaker 2 (02:29):
Like you mentioned, it's like giving your kids everything they
wanted and even though things that aren't good for them,
and then all of a sudden, here comes the consequences. Yeah,
it would be something that you know would be great
to see, but there's just so many reasons why you can't.
And you talk about the uncertainty factor on Wall Street.
Oh my gosh, it would throw things in such a tizzy.
(02:51):
You wouldn't know what was going on, and you know,
we might see another bit of a sell off. But
you know, when we had the last sell off in April,
you and I talked about during those tariff fears that
were out there, Jim Kramer and so many others talking
about the market's going to crash. This is horrible. Sadly,
there were so many people when the Dow dropped under
I think thirty seven thousand that you know sold their stocks.
(03:14):
They said I'm going to do this or that, make
these changes, and even though they shouldn't, and since then
the market's up, I don't know, twenty two to twenty
three percent. So for the people that just took their
hands off the steering wheel, you were at where you
were at before, and probably a little bit better. And
that's just a reminder to ignore the headlines and just
stick to your plan.
Speaker 1 (03:33):
Well, let's talk about yeah that because the tariffs long term,
as Donald Trump said, it's going to be a stinger.
In the beginning, it felt like you got punched in
the gut a minute. But hey, hang in there, let
me do what I do. And it's kind of yeah,
putting Jim Kramer and those others, you know, sit down
and have a coke and a smile and hold my
(03:53):
iced tea because we're doing okay with it.
Speaker 2 (03:56):
Well, you know, President Trump was a successful businessman. Yeah,
there were some bankruptcies and some other things that went along,
but you see that with airlines and so many of
the businesses as well. That just what happens many times
when you are in business and some of those things
are forced to occur. But the bottom line is most
of the things that he wants to get done have
(04:16):
the country's best interest in him as he's progressing, and
I love that, and it's just it's good to see.
I mean, we're back to being respected in the world,
which I appreciate. We're preparing to celebrate our nation's birthday,
which is incredible. A lot of great things that are
going on right now, and hopefully the tariffs and everything
that go through will get finalized, which in essence, could
(04:39):
you know, help our economy for the next decade. And
you know, I'm just wondering how long will it take?
And I know the answer to this before he gets
credit for some of the things he's doing from the
other side. Never So we're going to.
Speaker 1 (04:51):
Have it, you know, in good news this morning too.
I know it's early, but the futures are up across
the board and barrels a oiler at sixty six dollars,
so everything steady, she goes all right, I want to
get thank your thoughts. July fourth weekend, as you mentioned,
is upon us and we're just talking with Clay Ingram
from Triple A here in Alabama on the roads and
best times to travel and worst times to travel. You've
been in the airline industry forever, You've seen everything. Tips
(05:14):
for flyers this holiday weekend.
Speaker 2 (05:16):
Well, I'll never say I've seen it all because you
never want to underestimate people. But when you're flying this weekend,
obviously get to the airport extra early, at least two
hours before departure walking in the door. That's a given.
Got a lot of people that are flying, and I
doubt that you'd be tempted. But please leave the fireworks
at home JPS. You still have people bringing explosives to
(05:37):
the airport in shock. TSA takes things away from us.
And remember that the Galaxy seven smartphone, this is a
phone that goes back to I think twenty sixteen, has
been banned from flying. The TSA will not allow you
to carry that onto an airplane. The batteries on those
are very prone to overheating catching on fire. So because
(05:58):
of that that Galaxy it's Samsung I think twenty sixteen
smartphone is not allowed on the flight. So if you've
got an older phone and you check and see it's that,
you don't take it to the airport because the ts
will take it away from or ask you to do
something with it because it will not be allowed on
the airplane.
Speaker 1 (06:16):
Yeah, and as busy as things are, I guess it's
good advice to pack some extra patience with you when
you go.
Speaker 2 (06:22):
Bring a loaded glock in front of you and it's
going to slow things down because they forgot about it.
Speaker 1 (06:26):
Yeah, don't do that.
Speaker 2 (06:27):
Things happen, or you know, you have a technical issue
where something breaks at the security checkpoint where one of
the screeners has an issue. So you just get to
the airport, get through that screening checkpoint as quickly as
you can, don't stand around talking because you never know
what's going to happen, and get to the gate.
Speaker 1 (06:42):
Yeah, very good, Jay, have a great holiday. We can
thank you, buddy. I appreciate you.
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