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May 6, 2025 5 mins
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Apple Podcasts:https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i 

Watch on: https://www.youtube.com/@WatchdogOnWallstreet/featured

Chris proposes an executive order to address the crisis at Newark Liberty International Airport, where United Airlines canceled 35 daily round-trip flights due to FAA staffing shortages and equipment failures. Citing a pilot friend’s insights, he describes a “third-world” situation with four-hour delays, a 90-second radar blackout at Philadelphia’s TRACON, and 20% of controllers walking off. Markowski criticizes outdated FAA technology (e.g., floppy disks), a single Oklahoma training facility, and a union-backed age-56 retirement rule. He urges President Trump to “make air travel great again” by firing inefficiencies, starting high school controller programs, and fixing the 3,000-controller shortage, warning of nationwide spread. www.watchdogonwallstreet.com
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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
I've got it.

Speaker 3 (00:16):
I've got a great executive order idea brilliant executive order idea.

Speaker 2 (00:23):
Now thinking about cracking a joke, somebody actually sent this
to me saying Trump signs an executive order forcing Blockbuster
Video to open up again. We want to make a
VHS tapes great again.

Speaker 4 (00:37):
No, no, no, I got an actual, really good idea
Newark Airport. I I have a good friend that is
pilot for United and I was speaking to him just
the other day.

Speaker 2 (00:54):
He was in Florida, was at my house.

Speaker 5 (00:56):
And he was telling me what's going on at new Work.
You would think you would think that this country is
honestly some sort of back water third world country.

Speaker 2 (01:16):
Now, first and foremost, I hate I can't stand Newark Airport.
I swore a long time ago I'll never fly out
of there. Then it was COVID and it wasn't a
lot of flights, and I got found a great deal
on flights to go on vacation to Greece, and we're
flying Emirates and we went out of Newark and man,

(01:37):
oh man, did I learned my lesson? Because when we
flew back into Newark I had to wait three hours
to get my bags. Three hours anyway. Anyway, thousands of
flights in and out of Newark Airport delayed, diverted, canceled.
I think United has just said, screw it, we just

(01:58):
cancer We're not going to have thirty five round trip
place for canceling. Those and more are coming. I don't
know if you know this, but Philadelphia air Traffic Control
overseas flights at Newark Airport they actually went dark. Yeah,

(02:19):
they went dark for a period of time. I mean
they didn't have any rent and they couldn't get in
contact with the airplanes. Here's some of the news here.
The CEO of CEO said that there was a walk
out of twenty percent of the controllers at the site.

(02:43):
Flight delays at Newark average four hours this past Sunday,
continued Monday. It's going to be the new norm. At least.
Transportation Secretary Sean Duffy has acknowledged that the government is
to blame, not the airlines like Pete Boudajeg would say,
do you understand that the overhaul and technology is not

(03:08):
set to be done until twenty thirty. Do you understand
that air traffic controllers still use floppy discs? Do you
even think that gen Z even knows what they are?
Do you think that there's many even technicians that could
actually even repair these things? So you know what you
want to executive order.

Speaker 3 (03:30):
That the whole country, the whole country could get behind,
make air travel great again here in the United States.

Speaker 2 (03:44):
You mean to tell me in today's a and age,
this can't be fixed. Fire who you need to fire?
You start programs in high schools for people that want
to be air traffic controllers. Oh, there's a little mafia.
Republicans like this mafia too. There's only one training facility

(04:05):
in the country. It's in Oklahoma, and they don't want
to give that up because it brings business there to
the state. Cut all this bs out, get this done,
because now they're saying, guess what, this could now start
spreading to other areas. The FAA says it needs three

(04:25):
thousand controllers to be fully staffed, and shortages are especially
acute in the New York City region. The union opposed
changing the federal law requiring that controllers retire by age
fifty six. Many can retire earlier if they've worked twenty years. Again,

(04:47):
controllers on average, earn one hundred and sixty thousand dollars
a year within a few years of being certified. Again,
you think there might be kids in high school saying, hey, listen,
we got this job opportunity for you. You don't have

(05:09):
to go to college. We're going to train you, and
by the time you're she's twenty twenty one years old,
you're going to be making one hundred and sixty thousand
dollars a year. Might that be something you're interested in? Again,
this is not a difficult fix if someone's willing to
actually go through it. So, President of the United States,

(05:33):
I got an executive order for you, make air travel
great again. Fix this problem. Watchdog on Wall Street dot
Com
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