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.
Welcome in, Jay, Glad to have you back. Boy. I'll
tell you, with everything going on in the news, and
there is a lot happening in the news, the economy
is still one of the biggest and most important things
for most Americans. And the Friday jobs report calling into
question a June rate cut, maybe what's going on?
Speaker 2 (00:20):
Well, it was better than expected. Everyone thought, okay, with
the challenges we're having with the economy, everything going on
with the terroriffts, whatever you want to say, expecting the
job numbers to be a bit soft, and then they
came out above it. I think it was one hundred and
seventy seven thousand jobs or so that we're created, and
that was a surprise. And the thought was, had those
(00:42):
numbers been soft or less than expecting, it would open
up the door for Jerome pow to say, you know
what we need, we need an interest rate cut. But
when the numbers came out stronger, it was like, oh,
here we go again. Now things look like they're going
the other direction.
Speaker 1 (00:59):
Right.
Speaker 2 (01:00):
The thought is Jerome Pound the Fed. They're in a
two day meeting. He should be talking later today. And
I suspect that he will come out in no surprise
announce that they're going to keep the interest rate paused
at this point in time where it's apt, and that
they're going to wait a little bit longer before any
decision is going to be made on an interest rate cut.
We were looking at a high probability of a cut
(01:23):
being announced today, but once the jobs report Friday came
out being better than expected, yeah, it changed everything.
Speaker 1 (01:29):
Well, when you look at the tariffs, and that seems
to be the big question and concern with corporations, with
other countries, with our own kitchen table discussions, but when
you see what's happening with our four to one k's
and you see that we're right in the middle of
a storm with all of this, and the President and
a lot of his team economists indicate the long term
(01:52):
this is all going to be. Okay, everybody relaxed. We've
heard that, but the reality is sitting right now. Okay,
what about this? About that? So, when the market, as
we've talked before, reacts so emotionally on what's happening from
day to day, sometimes hour to hour, I mean we're
potentially looking at a monster's sell off here if we're
(02:13):
not careful.
Speaker 2 (02:14):
Well we are, but let's keep in mind that when
the tariff concerns hit, we saw the markets drop significantly
and they've made up almost all of the ground that
they lost. So when you look at it that way,
it's kind of like, wow, you know, Okay, that was
a big bunch of nothing. But if somebody jumped in
and tried to make changes to their portfolios, you and
I've talked about you never want to do that in
(02:35):
the state of emotion. A lot of people did and
they lost out. They really made the wrong emotional decisions,
and that's something that you need to understand that it
always works against us. And look, I've talked to a
lot of people in the manufacturing industry over the last
several weeks, people that had met with the president, people
that have advised him, and these individuals are saying, Jay,
(02:57):
if we're able to see this for it would be
something that would impact this country for the next fifty years,
because it used to be we were a great production
company a country. And you know, I'm from the Dayton,
Ohio area where it used to be a mini Detroit
with what they would do here with cars and all
the different things that were made here, but all those
(03:18):
jobs were lost in the way they went. And the
thought is, if we can return to any sort of
a manufacturing base, it's going to be great, and it's
going to be something that a lot like a Supreme
Court appointee that the President gave us three different ones
helped the country for the next twenty years. If he
can see this through, it's going to be something that's
going to long outlive his presidency, and it's gonna be
(03:40):
something that looked back at. I think people are going
to look at us a very very good thing. All right.
Speaker 1 (03:44):
I know you spent years as an airline administrator and
has some concerns now with airports. Let's start with D. C.
Reagan and then I want to talk to you a
little bit more about Newark and what happened that's a
little scary, but first of all, more concerns at DC
Reagan's airport.
Speaker 2 (03:59):
Yeah, we had two. We had two. We lost sixty
seven lives in January on the twenty ninth when we
had the Army helicopter collide with the American Airlines regional jet.
Shortly thereafter, they made changes to the routes that the
helicopters were to fly. It should have been done before,
it wasn't, but it was. The idea was that now
that would get the helicopters out of the way so
(04:19):
that they would no longer interfere with the commercial flight activity. Well,
we had not one but two aircraft, a Delta in
a Republic Airlines flight that had to go around why
because the Army helicopter was in the proximity, wasn't supposed
to be, wasn't where it was supposed to be. Apparently
somebody was taking a scenic tours. They were dropping somebody
off at the Pentagon and Sean Duffy, the head of
(04:43):
the DOT, absolutely losing his mind, as he should, because
here you have a situation where people are not following
the rules, putting lives at risk. If you haven't learned
the lesson already, Good lord, what's it going to take?
So hopefully we can get that mess fixed and fast.
Speaker 1 (04:58):
Well, the king of conspirac theories, Info War, has put
something out that said, this is starting to look more
and more like it was an intentional thing by the helicopter.
You're not seeing that, are you.
Speaker 2 (05:09):
I'm not. I'm seeing a lot of speculation on that,
but there's obviously some discussion on why the pilot in charge,
the woman that was flying the helicopter that collided with
the American Airlines a jet, she was told by air
traffic controller to change her heading, did not. The warrant officer,
the flight instructor who was sitting alongside, repeated those instructions
(05:30):
to her, which apparently she acknowledged and still didn't make
the change, and then fifteen seconds or thirteen seconds later
or whatever was collided. Yeah, but wearing those night goggle visions,
it's like looking through two toilet hold where you know,
considers where you just got the tubes. The peripheral vision
isn't there, And you know, there's a lot to this investigation,
(05:53):
and I suspect we're going to learn more as it progresses.
Speaker 1 (05:56):
All right, Newark Airport, what the heck is going on?
As the tower and the pilots for about ninety seconds,
they lost all I guess radar and you can hear
the tower talking to pilots, Look, I don't see you
on radar at that point, my gosh.
Speaker 2 (06:13):
And it probably seemed like a lot longer than ninety seconds.
But they've got equipment issues there that have to be fixed,
have to be upgraded. It's gotten to the point with
the shortage of air traffic controllers and this technology issue
that American United Airlines one of their major hubs there.
The head of the airline said, look, we're going to
have to cut ten percent of our flights because we're
(06:33):
seeing delays of two, three four hours because of some
of these problems, and then he went on to say
it's going to take years to fix. So if you're
flying United Airlines, if you've got to go to Newark, obviously,
but if you're connecting what a lot of people are
doing what I would do. People do what they want,
but they're going through another United hub. Look, I'll go
back to Houston, I'll go to Chicago. I'll do something
(06:54):
to avoid what is obviously a headache in Newark. And sadly,
it looks like JT that's going to continue for while.
Speaker 1 (07:00):
I was going to say, can it get to the
point where the FAA just finally says until further notice,
Newark is shut down, Well.
Speaker 2 (07:07):
They can't. They can't shut it down because of the
fact that but it may only be operating at seventy
eighty percent capacity, and since the air traffic controllers there,
we've got a shortage of like three thousand across the country.
It's not like we can pull from La Denver, Houston
and throw some up there, because then you're going to
have delayed flights where those controllers were apt before. Right,
we've got a very thin bench and it's going to
(07:28):
take a number of years to get the appropriate, appropriate
number of air traffic controllers trained and in the spots
they need to be.
Speaker 1 (07:35):
Yeah, they need to be a safety first, you know.
And if that means no quick fixes bring one hundred
flights down to thirty flights a day, then, you know,
so be it, right,
Jay Radliff joins us now from Daytrade Fund dot com.
Welcome in, Jay, Glad to have you back. Boy. I'll
tell you, with everything going on in the news, and
there is a lot happening in the news, the economy
is still one of the biggest and most important things
for most Americans. And the Friday jobs report calling into
question a June rate cut, maybe what's going on?
Speaker 2 (00:20):
Well, it was better than expected. Everyone thought, okay, with
the challenges we're having with the economy, everything going on
with the terroriffts, whatever you want to say, expecting the
job numbers to be a bit soft, and then they
came out above it. I think it was one hundred and
seventy seven thousand jobs or so that we're created, and
that was a surprise. And the thought was, had those
(00:42):
numbers been soft or less than expecting, it would open
up the door for Jerome pow to say, you know
what we need, we need an interest rate cut. But
when the numbers came out stronger, it was like, oh,
here we go again. Now things look like they're going
the other direction.
Speaker 1 (00:59):
Right.
Speaker 2 (01:00):
The thought is Jerome Pound the Fed. They're in a
two day meeting. He should be talking later today. And
I suspect that he will come out in no surprise
announce that they're going to keep the interest rate paused
at this point in time where it's apt, and that
they're going to wait a little bit longer before any
decision is going to be made on an interest rate cut.
We were looking at a high probability of a cut
(01:23):
being announced today, but once the jobs report Friday came
out being better than expected, yeah, it changed everything.
Speaker 1 (01:29):
Well, when you look at the tariffs, and that seems
to be the big question and concern with corporations, with
other countries, with our own kitchen table discussions, but when
you see what's happening with our four to one k's
and you see that we're right in the middle of
a storm with all of this, and the President and
a lot of his team economists indicate the long term
(01:52):
this is all going to be. Okay, everybody relaxed. We've
heard that, but the reality is sitting right now. Okay,
what about this? About that? So, when the market, as
we've talked before, reacts so emotionally on what's happening from
day to day, sometimes hour to hour, I mean we're
potentially looking at a monster's sell off here if we're
(02:13):
not careful.
Speaker 2 (02:14):
Well we are, but let's keep in mind that when
the tariff concerns hit, we saw the markets drop significantly
and they've made up almost all of the ground that
they lost. So when you look at it that way,
it's kind of like, wow, you know, Okay, that was
a big bunch of nothing. But if somebody jumped in
and tried to make changes to their portfolios, you and
I've talked about you never want to do that in
(02:35):
the state of emotion. A lot of people did and
they lost out. They really made the wrong emotional decisions,
and that's something that you need to understand that it
always works against us. And look, I've talked to a
lot of people in the manufacturing industry over the last
several weeks, people that had met with the president, people
that have advised him, and these individuals are saying, Jay,
(02:57):
if we're able to see this for it would be
something that would impact this country for the next fifty years,
because it used to be we were a great production
company a country. And you know, I'm from the Dayton,
Ohio area where it used to be a mini Detroit
with what they would do here with cars and all
the different things that were made here, but all those
(03:18):
jobs were lost in the way they went. And the
thought is, if we can return to any sort of
a manufacturing base, it's going to be great, and it's
going to be something that a lot like a Supreme
Court appointee that the President gave us three different ones
helped the country for the next twenty years. If he
can see this through, it's going to be something that's
going to long outlive his presidency, and it's gonna be
(03:40):
something that looked back at. I think people are going
to look at us a very very good thing. All right.
Speaker 1 (03:44):
I know you spent years as an airline administrator and
has some concerns now with airports. Let's start with D. C.
Reagan and then I want to talk to you a
little bit more about Newark and what happened that's a
little scary, but first of all, more concerns at DC
Reagan's airport.
Speaker 2 (03:59):
Yeah, we had two. We had two. We lost sixty
seven lives in January on the twenty ninth when we
had the Army helicopter collide with the American Airlines regional jet.
Shortly thereafter, they made changes to the routes that the
helicopters were to fly. It should have been done before,
it wasn't, but it was. The idea was that now
that would get the helicopters out of the way so
(04:19):
that they would no longer interfere with the commercial flight activity. Well,
we had not one but two aircraft, a Delta in
a Republic Airlines flight that had to go around why
because the Army helicopter was in the proximity, wasn't supposed
to be, wasn't where it was supposed to be. Apparently
somebody was taking a scenic tours. They were dropping somebody
off at the Pentagon and Sean Duffy, the head of
(04:43):
the DOT, absolutely losing his mind, as he should, because
here you have a situation where people are not following
the rules, putting lives at risk. If you haven't learned
the lesson already, Good lord, what's it going to take?
So hopefully we can get that mess fixed and fast.
Speaker 1 (04:58):
Well, the king of conspirac theories, Info War, has put
something out that said, this is starting to look more
and more like it was an intentional thing by the helicopter.
You're not seeing that, are you.
Speaker 2 (05:09):
I'm not. I'm seeing a lot of speculation on that,
but there's obviously some discussion on why the pilot in charge,
the woman that was flying the helicopter that collided with
the American Airlines a jet, she was told by air
traffic controller to change her heading, did not. The warrant officer,
the flight instructor who was sitting alongside, repeated those instructions
(05:30):
to her, which apparently she acknowledged and still didn't make
the change, and then fifteen seconds or thirteen seconds later
or whatever was collided. Yeah, but wearing those night goggle visions,
it's like looking through two toilet hold where you know,
considers where you just got the tubes. The peripheral vision
isn't there, And you know, there's a lot to this investigation,
(05:53):
and I suspect we're going to learn more as it progresses.
Speaker 1 (05:56):
All right, Newark Airport, what the heck is going on?
As the tower and the pilots for about ninety seconds,
they lost all I guess radar and you can hear
the tower talking to pilots, Look, I don't see you
on radar at that point, my gosh.
Speaker 2 (06:13):
And it probably seemed like a lot longer than ninety seconds.
But they've got equipment issues there that have to be fixed,
have to be upgraded. It's gotten to the point with
the shortage of air traffic controllers and this technology issue
that American United Airlines one of their major hubs there.
The head of the airline said, look, we're going to
have to cut ten percent of our flights because we're
(06:33):
seeing delays of two, three four hours because of some
of these problems, and then he went on to say
it's going to take years to fix. So if you're
flying United Airlines, if you've got to go to Newark, obviously,
but if you're connecting what a lot of people are
doing what I would do. People do what they want,
but they're going through another United hub. Look, I'll go
back to Houston, I'll go to Chicago. I'll do something
(06:54):
to avoid what is obviously a headache in Newark. And sadly,
it looks like JT that's going to continue for while.
Speaker 1 (07:00):
I was going to say, can it get to the
point where the FAA just finally says until further notice,
Newark is shut down, Well.
Speaker 2 (07:07):
They can't. They can't shut it down because of the
fact that but it may only be operating at seventy
eighty percent capacity, and since the air traffic controllers there,
we've got a shortage of like three thousand across the country.
It's not like we can pull from La Denver, Houston
and throw some up there, because then you're going to
have delayed flights where those controllers were apt before. Right,
we've got a very thin bench and it's going to
(07:28):
take a number of years to get the appropriate, appropriate
number of air traffic controllers trained and in the spots
they need to be.
Speaker 1 (07:35):
Yeah, they need to be a safety first, you know.
And if that means no quick fixes bring one hundred
flights down to thirty flights a day, then, you know,
so be it, right,
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.