Speaker 3: Uh, here you go.
Speaker 1: We have a partly Sunday with a chance of showers
Speaker 1: and storms. They say it'll have an afternoon if we
Speaker 1: get them. Ninety one for the High. More showers and
Speaker 1: storms likely over night down to seventy two, another chance
Speaker 1: for those tomorrow, otherwise partly sunny in eighty seven for
Speaker 1: the High down to seventy overnight with likely showers and storms.
Speaker 1: Follow by another chance of sowers and storms on Saturday,
Speaker 1: with the mostly Sunday day otherwise and I High eighty
Speaker 1: six seventy four right now. Time for traffic from the
Speaker 1: UCL Traffic Center.
Speaker 2: No matter the injury, you see how Arthur Pedix sandsplots medicine,
Speaker 2: redefines recovery to get you back to doing what you love.
Speaker 2: Called five one, three, four, seven, five eighty six ninety
Speaker 2: North Bend, seventy five crews are working with an accident
Speaker 2: near Richwood Road that has the left lane blocked off.
Speaker 2: Traffic slows a bit to get five, then slow again,
Speaker 2: buttermilk into the cut. That's a wreck northbound two seventy
Speaker 2: five above Kilby that's slowing traffic and a wreck down
Speaker 2: just outside eleven and on forty eight at Cook Chuck
Speaker 2: Ingram Month fifty five KOs see the talk station.
Speaker 1: Hey thirty one see boy Kersey Talks Station Love this
Speaker 1: time a week because get talked to. iHeartMedia aviation expert
Speaker 1: Jay or Ratlive also stock Trader extraordinary. That's his business man.
Speaker 1: He teaches people how to trade stocks and that's where
Speaker 1: he makes the money. Jay Rtliffe. Always great to have
Speaker 1: you on my program. And my reason I mentioned the
Speaker 1: stock thing again at the outset is because of the
Speaker 1: FED statement. Yes, it looks like we might get a
Speaker 1: rate cut in September, conveniently in advance of the November election.
Speaker 3: It's gonna be fun to watch because Jerome Powell, I
Speaker 3: do not believe, based on his pass as a fedchair,
Speaker 3: has been swayed one bit at all with regards to
Speaker 3: any political pressure from either side. And if they do
Speaker 3: drop something in September after years of not having any
Speaker 3: interest rate cuts, if they do it, it's gonna tick
Speaker 3: off the Republicans. If they don't do it, it's gonna
Speaker 3: tick off the Democrats. So it's gonna be interesting to
Speaker 3: see in September how things go. But Brian, there's a
Speaker 3: lot of real estate between now and then and this
Speaker 3: is a This is a historical week you and I
Speaker 3: are talking in because the tal the to infinity and
Speaker 3: beyond buzz light year crowd. We have seen the doll
Speaker 3: at forty one thousand this week. Yeah, we've also seen
Speaker 3: the national debt hit thirty five trillion. I hear people
Speaker 3: talking about the doll which is a couple dozen stocks,
Speaker 3: blah blah blah. But I don't know at what point
Speaker 3: you get worried about the debt when you're spending so
Speaker 3: much on interest that it exceeds what you spend on
Speaker 3: your national defense. But it just nuts. And of course,
Speaker 3: of those two records this week, we only seem to
Speaker 3: be talking about one.
Speaker 1: Yeah, and I saw a report this morning. I guess
Speaker 1: one of the auditing offices in the government or whatever
Speaker 1: was doing analysis of the status of our national defense
Speaker 1: relative to China, for example, and this whole concept that
Speaker 1: we may be on a multiple war front and basically
Speaker 1: said we'd lose, I mean, we could not beat China.
Speaker 1: And what their suggestion was in this report is brace yourself.
Speaker 1: The budget for the defense should be between one point
Speaker 1: three trillion to as high as four point five trillion annually.
Speaker 3: Yeah. See, and if you're worried about it. You're serious.
Speaker 3: If you're serious, excuse me, Brian, about protecting our way
Speaker 3: of life and allowing our kids and grandkids to enjoy
Speaker 3: what we've been blessed with this idea that we can
Speaker 3: kind of you know, pay for programs at the expense
Speaker 3: of national defense. I'm sorry, you just can't do it.
Speaker 3: I wish you didn't have to, but look, this is
Speaker 3: this is how the world is. It's always been and
Speaker 3: sadly probably always will be, and you just have to
Speaker 3: take precautions. And sadly, appeasement and so many other things
Speaker 3: tend to get in the way of people who want
Speaker 3: to give everybody the benefit of the doubt. The problem
Speaker 3: is when you do that and you find out they're
Speaker 3: not what they're saying, there's something else, it's too late
Speaker 3: for you to defend yourself, and you know, then you're
Speaker 3: the point where much of what people have laid their
Speaker 3: life down on we just let slip through our fingers.
Speaker 1: Yes we do. Anyhow, Moving away from that gloom and doom.
Speaker 1: Oh look, Delta's out five hundred million dollars because of
Speaker 1: crowd Strike five. They're gonna sue CrowdStrike, which I understand
Speaker 1: they probably have to do. Their insurance company would insist
Speaker 1: on it because something tells me Delta has business interruption insurance,
Speaker 1: but it probably doesn't kick in until more than ten
Speaker 1: to twenty million dollars of losses with a large multi
Speaker 1: billion dollar corporations self insured retention. But this is just
Speaker 1: the tip of the iceberg for CrowdStrike, because there.
Speaker 3: Was it's unbelievable that so many industries were impacting. Of course,
Speaker 3: Delta was the airline that was the most and of
Speaker 3: course you know the CEO for Delta at Bastian who
Speaker 3: is here with us with calm Arat for a period
Speaker 3: of time, Who's leading Delta. He was under a lot
Speaker 3: of pressure because the minute it hit, well, he had
Speaker 3: a prior engagement to go to the opening Olympics and
Speaker 3: of the opening ceremony, so he jets off to Paris
Speaker 3: while the whole airline's just falling apart, and the employees
Speaker 3: are like, okay, maybe you couldn't do anything, but at
Speaker 3: least you can be here to be here with us,
Speaker 3: and instead he zips off. Delta is the airline of
Speaker 3: the Olympics. I get that, but I think I think
Speaker 3: a better leader would have said you know what, I'm
Speaker 3: gonna roll up my sleeves. I'm going to stick with
Speaker 3: my folks so that and I'll send somebody else to
Speaker 3: take care of what I need to be doing somewhere else.
Speaker 3: He didn't, And of course, Delta canceled more flights in
Speaker 3: a weekend than they canceled normally in an entire year. Yeah,
Speaker 3: and I mean Delta's gone one hundred days in a
Speaker 3: row Brian without a single flight cancelation before anywhere in
Speaker 3: the world, zero flight cancelations, one hundred straight days, and
Speaker 3: then you've got a period of four to five days
Speaker 3: where they canceled more than five thousand flights. I mean,
Speaker 3: it was absolute chaos. And yeah, I mean it's going
Speaker 3: to be something they're going to be passing on the
Speaker 3: Department of Transportations also looking into say, hey, why other
Speaker 3: carriers had twenty two to twenty three hundred cancelations and
Speaker 3: you guys had two plus times that. You know, why
Speaker 3: did you drop the ball as bad as you did?
Speaker 3: And I think that that's a legitimate question that demands answers.
Speaker 1: It is, even though crowdstrikes fault, there is a legitimate
Speaker 1: question built into that. You just pointed it out. We'll
Speaker 1: continue with Jay Ratliffe in a moment. Got quite a
Speaker 1: few topics to go through eight thirty six. Right now,
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Speaker 1: fifty five car the talk station I'm really excited about
Speaker 1: Mark carecy talks station. I heart mediaviation expert Jay Ratliffe.
Speaker 1: Real quick, Jay, I know you sent me a list
Speaker 1: of topics, and I promise I'm going to get to
Speaker 1: them after I ask another question unrelated to the topic list.
Speaker 3: Because I know you're fucks please, I expect at least yeah.
Speaker 1: I know we talk about Boeing all the time. We
Speaker 1: have lots of problems with the Bowing seven thirty seven max,
Speaker 1: the manufacturing pro and in production problems, et cetera, et cetera,
Speaker 1: et cetera. We got a couple of astronauts that are
Speaker 1: strand in and outer space.
Speaker 3: What and what's on the side of their space craft
Speaker 3: a Bowing dicker?
Speaker 1: Right?
Speaker 3: If that's not tempting fate, brother, I don't know what
Speaker 3: it is. I would go into space any day of
Speaker 3: the week. But if there was a Bowie sticker on
Speaker 3: the side of that, bad boy, I'm sorry. I don't
Speaker 3: think I could even at the lifelong bucket item list.
Speaker 3: I couldn't do it. And need poor people, I mean,
Speaker 3: and they're trying to keep the best face about it,
Speaker 3: but I mean, are they going to just they ran
Speaker 3: a series of tests this week on various thrusters, and
Speaker 3: they've got almost thirty that they were testing to see
Speaker 3: how things were going and how much they leaked and
Speaker 3: how much they didn't and everything else. And it's just
Speaker 3: been nuts. I mean, I was worried about them getting
Speaker 3: up there. I didn't for the first second worry about
Speaker 3: him getting back. And I was kidding people saying, you know,
Speaker 3: Life Alert makes this device that helps if you can't
Speaker 3: get up. What about if you can't get down? I mean,
Speaker 3: these poor people have been up there for a long
Speaker 3: period of time, and is it going to take somebody
Speaker 3: else to go up and bring him back? I don't know.
Speaker 3: But if Bowe needed, all they needed was that to
Speaker 3: go off that hitch and they finally had their single
Speaker 3: piece of good news for the year. And Brian they
Speaker 3: couldn't even do that.
Speaker 1: I know it's one of the reasons I bring it out.
Speaker 1: It's like piling on, but it's all brought about by
Speaker 1: their own wealth failures. But I mean my understanding is
Speaker 1: that capsule whatever they're in has a finite life to it,
Speaker 1: that like maximum ninety days max. And they've already been
Speaker 1: up there like sixty and to.
Speaker 3: Their credit, they're not wanting to do anything that's going
Speaker 3: to kind of push that envelope too much. To their credit,
Speaker 3: they're saying, look, we may be embarrassed out of our minds,
Speaker 3: but we're going to make sure that it's exactly as
Speaker 3: it needs to to bring these two people back. And
Speaker 3: I'm going to celebrate that because those engineers are trying
Speaker 3: to do everything they can. They only have so many options,
Speaker 3: and at that point in time, then you're going to
Speaker 3: have to say, okay, once we pass that shelf life,
Speaker 3: if you will have this particular vehicle at a single
Speaker 3: time and space, what's going to happen. I just I
Speaker 3: don't know, and it's going to be interesting. But I
Speaker 3: feel for those people, and look, I mean, they may
Speaker 3: be having the time of their life saying cool. It's
Speaker 3: like I've been on some of these vintage airplanes that
Speaker 3: come in, like a B twenty nine to Lamb and
Speaker 3: somebody's on the runway. They got to fight to go around.
Speaker 3: It takes twenty more minutes to come back and land.
Speaker 3: I'm loving it because it's more time in the aircraft.
Speaker 3: Maybe they're enjoying that extra time in space. I don't know.
Speaker 1: Well, they would have had to pack in a heap
Speaker 1: load of value for me to get on that thing
Speaker 1: to start with, and I would need massive quantities on
Speaker 1: a daily basis because I'd be freaking out.
Speaker 3: You know, you're a bunch of professionals, and look for
Speaker 3: a lot of them, this has been a lifelong dream
Speaker 3: and it's you're getting it, and then you're getting extra
Speaker 3: time it's you know, if you're wired that way, this
Speaker 3: is something that you're up there contributing, having a good
Speaker 3: old time. And I mean the book you can write
Speaker 3: when you get back I survive Boeing. I think it
Speaker 3: would be a best seller, fair enough.
Speaker 1: Not me. I'm not signing up for that job. Okay,
Speaker 1: call me yellow, call me a whim. That's okay. I
Speaker 1: can live with that. And let's see here, airlines can
Speaker 1: chalk up a win right.
Speaker 3: Now, temporary when I guess we could call it that.
Speaker 3: Back in April, the Department of Transportation, after like three years,
Speaker 3: finally decided that they were going to require airlines to
Speaker 3: issue all the upfront disclosure fees airline fees back then,
Speaker 3: everything right up front, so that long before we got
Speaker 3: to the checkout. Now, wow, where did all this come from?
Speaker 3: Consumers could make a better decision, which I thought was great.
Speaker 3: And again I've told you I don't like to Biden
Speaker 3: administration at all, but I love how the Department of
Speaker 3: Transportation has gone after airlines trying to make them do
Speaker 3: a better job in treating us better. Well, the problem
Speaker 3: is now that we have a US Appeals Court that's
Speaker 3: blocked that dot new rule on upfront disclosures. They're saying,
Speaker 3: pending a full review of the regulation. In other words,
Speaker 3: there's a ton of airline pushback. And initially when this
Speaker 3: came out, the airline's initial response and this is so laughable,
Speaker 3: but it's predictable. They said, well, we don't want to
Speaker 3: do this because we don't want to overwhelm the consumer
Speaker 3: with too much information. It's like, come on, what make
Speaker 3: a light? I mean that just I thought, great, yeah,
Speaker 3: that's about my blood pressure.
Speaker 1: That's the best legal could come up with.
Speaker 3: I guess what are you paying these people for? But
Speaker 3: they're also saying, look, if we do this, it's going
Speaker 3: to take millions of dollars in upgrades to our website
Speaker 3: so that we can provide the information that's needed. Well,
Speaker 3: I'm sorry. If that's what's required, so be it. So
Speaker 3: we're going to see where it goes. Brian, I hope
Speaker 3: that this uh continues because I like the idea that
Speaker 3: the consumer is armed with more information. And it bothers
Speaker 3: me big time that the airlines are pushing back successfully
Speaker 3: and they've got this temporary and that's what it's been
Speaker 3: called back called right now just kind of a temporary
Speaker 3: block as everything's kind of reviewed, and you know they're
Speaker 3: gonna have oral arguments and all the stuff you understand
Speaker 3: that I get lost in. So we'll see where it goes.
Speaker 3: But you've got American, Delta, United, Jet Blue, and Alaska
Speaker 3: Airlines were among the airlines that were joined by a
Speaker 3: trade group, Airlines for America, which is their lobbying group
Speaker 3: big Time to try to They started this process legally
Speaker 3: in May to block these upcoming rules, and now we'll
Speaker 3: see where it goes.
Speaker 1: Well, you know, it bothers me because they have the
Speaker 1: information in their possession, and how difficult can it possibly
Speaker 1: be to break down the net figure into a line
Speaker 1: items which show exactly how they arrived at that figure.
Speaker 1: It seems like it's an obligation in the consumer.
Speaker 3: It would be, but we're also you and I talked
Speaker 3: previously about airline computers melting down under stress, so it's
Speaker 3: not like we're dealing with the latest and greatest in
Speaker 3: technology here, my friend. I mean these And the funniest
Speaker 3: part was that one the one airline not impacted was
Speaker 3: Southwest because their computers were nineteen ninety six. They didn't
Speaker 3: need that date. And they're jumping around like, hey, not
Speaker 3: a single one of our flights was impacted walking around
Speaker 3: like George Jefferson. Yeah, that's because you know you got
Speaker 3: these super old computers. Yeah.
Speaker 1: We joked about that last time with the five of
Speaker 1: it five and a quarter. It's flopp drives over at
Speaker 1: south left. Oh my, well, I hate to part company
Speaker 1: with you, Jay Ratliffe, but I suppose it is that
Speaker 1: time out of topics on the list, and I know
Speaker 1: that we always I.
Speaker 3: Mean, you can, you can you can talk about the
Speaker 3: Boeing CEO real quick? Oh go ahead? Yeah? Yeah. Kelly
Speaker 3: Ordberg is the guy's name. He's landing the job as
Speaker 3: the next CEO of Boeing. I don't know if he's
Speaker 3: been cursed or blessed, but I've been asked a lot
Speaker 3: about what I think about this guy in Brenton. I
Speaker 3: want to like him. I really like what I'm seeing here.
Speaker 3: He's he's got a degree of mechanical engineering, something that
Speaker 3: the CEOs in the past have not. They've had accountants before.
Speaker 3: This is a guy that climbed the ranks over at
Speaker 3: Rockwell Columns. He's an aviation expert. The industry really respects
Speaker 3: this guy. His past roles. He's had such a great
Speaker 3: relationship with unions. He walks the floor, talks with employees,
Speaker 3: rolls up his sleeves. He's in the mix, trying to
Speaker 3: find out what can happen. And when I heard about
Speaker 3: the attorneys for the families of the Boeing seven thirty
Speaker 3: seven Max families, the attorneys like this guy oh on
Speaker 3: the opposition, and I'm thinking it's great. And the best
Speaker 3: line I heard was that this guy has the opportunity to,
Speaker 3: in essence what they're saying, the turnaround of the century.
Speaker 3: But if he fails, he's going to be rich. If
Speaker 3: he succeeds, he's going to be a legend. And Brian,
Speaker 3: I'm sorry, I'm it's I'm fighting it, but I am
Speaker 3: cautiously optimistic. Wow that this guy could do something. But
Speaker 3: like every politician that goes to d C with this
Speaker 3: idea that they're going to change things when you get there,
Speaker 3: sometimes things change and we'll see if he's stronger than
Speaker 3: Boeing or not. But when he worked at I think
Speaker 3: it was rockwell. He butted heads with Boeing. I just
Speaker 3: I like so much of this because this might be
Speaker 3: the temperament that you need. I'm just hoping he changes
Speaker 3: them instead of them changing him.
Speaker 1: No doubt about well, I won't suggest it's a by
Speaker 1: opportunity now at one hundred and ninety dollars a share,
Speaker 1: But if he turns it around, I know what it
Speaker 1: was trading at a long time ago, and it was
Speaker 1: a lot better than it is now. Jay Ratliffe Hub
Speaker 1: delays what's where a good day to travel?
Speaker 3: Chicago Minneapolis? It could be the two hubs that could
Speaker 3: see some impact on and off the whether it's the
Speaker 3: lays of an hour or so. Rest of the country though,
Speaker 3: and in good shape, and yeah, it's gonna be a
Speaker 3: busy day to travel. So if you picked the day
Speaker 3: other than those hubs, you pick a good one to fly,
Speaker 3: show up early, big time, big time always, Jay, rylife
Speaker 3: until next Thursday. Man.
Speaker 1: That's the health to you and your better half, and
Speaker 1: have a wonderful weekend while you're at it too.
Speaker 3: Thank you, sir.
Speaker 1: My pleasure eight fifty to fifty five KRCD talk station.
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