Speaker 1: City Official of the Year by the Kentucky League of
Speaker 1: City So put a feather in your cap Tech Friday
Speaker 1: day of hatter. What a great thing to behold that.
Speaker 1: We'll talk to him tomorrow at six thirty and like
Speaker 1: we do every Thursday, at this time, we will talk
Speaker 1: to iHeartMedia aviation expert Jay Ratliffe. I love talking to
Speaker 1: him on a Thursday. Put a smile on my face
Speaker 1: as we closed out the show. Welcome back, my friend,
Speaker 1: very pleasant, good morning. And of course you're a you
Speaker 1: trade this is what you do. Day trade fun. You
Speaker 1: can find Jay Ratliffe and learn his teaching methodologies if
Speaker 1: you so choose. It's obviously worked out quite well for Jay.
Speaker 1: But your reaction to the market just blowing up yesterday,
Speaker 1: and I and I just tell you, I am not
Speaker 1: a market analyst. I don't play one on radio, and
Speaker 1: I don't profess to know a whole lot about it.
Speaker 1: I think one of the reasons the market performed so
Speaker 1: well yesterday was because Trump won not just the electoral college,
Speaker 1: but an overwhelming margin in the popular vote, thus suggesting
Speaker 1: that there was going to be a smooth error transition.
Speaker 1: This wasn't going to be a dangling chad, or a
Speaker 1: lot of litigation, kind of wait around and find out
Speaker 1: what the outcome is over a course of weeks. Your
Speaker 1: reaction or thoughts on that, Yeah, I.
Speaker 2: Mean it was. It was definitely an election with an
Speaker 2: exclamation point behind it. I think it was a very clear,
Speaker 2: resounding message. And I remember back in twenty sixteen, and
Speaker 2: I remember, look, I've been trading stock since the nineties,
Speaker 2: so I've gone through several presidential elections, and when it
Speaker 2: was announced that Trump could look like he was going
Speaker 2: to win twenty sixteen, I remember, the Dow futures tanked.
Speaker 2: I mean it was it was world news from like
Speaker 2: ten o'clock at night till one or two o'clock in
Speaker 2: the morning. How the Dow futures were down ten fifteen percent.
Speaker 2: It was going to be the worst ever. My gosh,
Speaker 2: the world's coming to an end because somehow Donald Trump
Speaker 2: got elected as president. And by that morning at seven o'clock,
Speaker 2: the Dow futures were only down two one hundred and
Speaker 2: forty points, and in that first day of trading it
Speaker 2: actually ended up two hundred and fifty points. It was
Speaker 2: the most unbelievable twelve hours of market reaction I'd ever seen,
Speaker 2: and that was because the market's understood, wait a minute,
Speaker 2: this is a businessman that's taking over as commander in chief.
Speaker 2: He has an understanding of business related issues and that's
Speaker 2: going to help businesses across the country. So it was
Speaker 2: obvious what he did during those four years. So now
Speaker 2: that he's been reelected, the thought process is okay, he's
Speaker 2: going to make all of that happen again. This is
Speaker 2: a man that understands that you can light the fuse
Speaker 2: to this economy in such a way that it can
Speaker 2: help solve a lot of the ailmentths that we have
Speaker 2: with regards to, you know, things that are ongoing within
Speaker 2: this economy. And for a lot of people who did
Speaker 2: not vote for him that are trashing him on Facebook,
Speaker 2: people that are in the service industry. Brian, I am
Speaker 2: certain that these men and women of principle will give
Speaker 2: back every bit of tax says they do not have
Speaker 2: to pay on overtime and or tips because there's no
Speaker 2: way to accept that money because it comes from Trump.
Speaker 2: Do you do you think I'm correct there that these
Speaker 2: principled men and women will stand on those principles saying
Speaker 2: I'm not gonna accept this money because it comes from
Speaker 2: President Trump.
Speaker 3: I think you're in the right ballfield. Der above.
Speaker 2: You've been listening to you, brother, But look and I'll
Speaker 2: tell you it's gonna be interesting because today we find
Speaker 2: out from the FED what they're going to be doing
Speaker 2: as far as the interest rate cuts, and I think
Speaker 2: we'll probably some are looking for a half point. I
Speaker 2: think it probably a quarter point, but whatever it is,
Speaker 2: the FED really has a challenge now because when Donald
Speaker 2: Trump ignites this economy, and he's going to do that
Speaker 2: just like JFK did when he reduced taxes and did
Speaker 2: things to stimulate small businesses all those years ago, the
Speaker 2: FED is gonna have our time adjusting because they're gonna
Speaker 2: have to. They're gonna have to keep up with what's
Speaker 2: about to happen. And I am very very excited, a
Speaker 2: because we didn't go the far far far far far
Speaker 2: radical left, but more so because now as a business
Speaker 2: type of country that we have, men and women that
Speaker 2: want to start their own business can do so easier.
Speaker 2: People that want to enjoy the benefits of owning a
Speaker 2: small business can And even though a lot of times
Speaker 2: people say it's all tax cuts to the billionaires, no,
Speaker 2: it's not. It's a matter of allowing men and women
Speaker 2: who are hardworking that are trying to create a better
Speaker 2: life for themselves to create something through a small business. Yeah.
Speaker 2: I like to teach people how to trade stocks, but
Speaker 2: there's some people that want to start a small business
Speaker 2: doing all kinds of things. Brian, that's going to be
Speaker 2: easier now, and that's going to be something that's going
Speaker 2: to benefit this country in ways that could extend for
Speaker 2: the next decade.
Speaker 3: Well.
Speaker 1: And I think that optimism is backed up by I
Speaker 1: presume he's going to be part of the cabinet, Elon
Speaker 1: Musk being there. Who's more successful in the world in
Speaker 1: terms of businessmen than Elon Musk And with him there
Speaker 1: in the cabinet and making helping make decisions, and you know,
Speaker 1: I'm sure acting as a consultant beyond just cutting government,
Speaker 1: which is the primary role he's supposed to be taking on.
Speaker 1: I think that that's like, that's like extra knowledge and
Speaker 1: information and knowledge base to tap into little benefit everybody
Speaker 1: as well.
Speaker 2: But you know, you're a very smart individual, and Brian,
Speaker 2: you understand the best way to do your job is
Speaker 2: to bring in people that are smarter than you.
Speaker 3: Oh yeah, Now for a lot.
Speaker 2: Of people that are very insecure as business leaders. They
Speaker 2: can't do that because they don't like feeling like people
Speaker 2: are not as smart as are smarter than they are.
Speaker 2: They want to be the top dog. Now. Me, when
Speaker 2: I was in management all those years in the airline industry,
Speaker 2: I loved having a bunch of people A who didn't
Speaker 2: agree with me and B that were smarter than me
Speaker 2: because it was that collaboration of opposing ideas where some
Speaker 2: incredible ideas came from that nobody saw coming because people
Speaker 2: work together. And I tell you Donald Trump is very smart.
Speaker 2: His ego obviously is out of check in a lot
Speaker 2: of ways, but he is not afraid to have people
Speaker 2: around him that are smarter than he is. Now whether
Speaker 2: or not he abides by that advice or not has
Speaker 2: yet to be seen, but he's proven that he's done
Speaker 2: that in the past, and I'm very excited to see
Speaker 2: what's going to happen here because there's a lot of
Speaker 2: people in politics that get very threatened on both sides
Speaker 2: of the aisle when people who know more than they
Speaker 2: do offer an opinion. I don't think that's going to
Speaker 2: be the case here, because look, Donald Trump can take
Speaker 2: people at a roast, making jokes at him in front
Speaker 2: of his face. He'll laugh it off because he's he's
Speaker 2: able to do that. It's unfortunate that, you know, Harris
Speaker 2: decided not to be at that particular dinner that they
Speaker 2: had for charity in Washington, DC. Because I think that
Speaker 2: that reflects the type of leadership that we need, because look,
Speaker 2: bringing all the smart people you can, because we've got
Speaker 2: some challenges. You and I've talked about this national debt
Speaker 2: that goes up at trillion dollars every hundred days. Donald
Speaker 2: Trump in his first administration, let that national debt get
Speaker 2: out check. He's got to make sure that problem isn't
Speaker 2: repeated this time because right now the national debt and
Speaker 2: trying to fix social Security is going to be a
Speaker 2: big issue. But you know what I'm excited about. He's
Speaker 2: going to be our president during the two hundred and
Speaker 2: fiftieth birthday of this country.
Speaker 1: Oh yeah, I mean another talk about a party patriotism.
Speaker 3: Amen to that. We'll bring him back.
Speaker 1: Let's pause, We'll bring Jay Rother back to talk about
Speaker 1: airline stock specifically. Yesterday eight forty in a fifty five
Speaker 1: ker C detalk station, Brian Thomas with iHeartMedia aviation expert
Speaker 1: j ratlove.
Speaker 3: Jay Boeing stocks.
Speaker 1: Just one more thing I just have to let you
Speaker 1: know because it's just hilarious. There's a Canadian airline. I'd
Speaker 1: never heard of it, honestly, West Jet. They did a
Speaker 1: very very brief ad campaign one way flights to Canada
Speaker 1: this after the election.
Speaker 3: The other day.
Speaker 1: They apparently ran that only in California about five markets
Speaker 1: for just a few hours. But I just thought that
Speaker 1: was hilarious.
Speaker 3: Oh.
Speaker 2: I love west Jet. They are the low discount carrier.
Speaker 2: You can kind of call them the Southwest Airlines of Canada.
Speaker 2: But you need to look at YouTube for their April
Speaker 2: First jokes on cargo kids, because every April April Fools
Speaker 2: they would come out with a commercial that was just funny.
Speaker 2: And this was to parents who travel with young kids.
Speaker 2: Don't worry, we've got the perfect thing. We're gonna throw
Speaker 2: them underneath with the luggage. You sit up front and
Speaker 2: have a good time. These people have a lot of fun.
Speaker 2: And I did not know about that one, but I
Speaker 2: will look that one up. That's great to see.
Speaker 1: Yeah, I thought over aviation news. I always check the
Speaker 1: sites before you come on because there's always one out
Speaker 1: there I want to throw at you.
Speaker 3: I did get tickled by that one. I was Brian.
Speaker 2: If you do go to YouTube on west Jet look
Speaker 2: up their Christmas video for many years ago.
Speaker 3: Oh is that the one where they bought packages or
Speaker 3: Christmas presents for me? Yeah? I did watch that line.
Speaker 3: I didn't know that. Okay, So they're fun in games
Speaker 3: all the time. All right, unbelievably.
Speaker 2: See if I was to go back to work for
Speaker 2: the industry, and I never would, that's the kind of
Speaker 2: airline I want to work for them.
Speaker 3: Day ratliff head and go to Canada. All right?
Speaker 1: Why did Airlong stock store? And it says here for
Speaker 1: all the wrong reasons? Anyway, market went on fire yesterday.
Speaker 1: This was part of it. So what's the story.
Speaker 2: Well, you know you've heard me say on more than
Speaker 2: one occasion I'm not a fan of the Biden administration
Speaker 2: at all. But you've also heard me say many many
Speaker 2: times that I do give the Biden administration credit for
Speaker 2: going after the airline industry. Yeah, they've done that more
Speaker 2: than any other administration I've seen for the last twenty
Speaker 2: five years. Now, the airlines are finally being held accountable,
Speaker 2: thank you. They're finally being forced to deliver something painfully
Speaker 2: so called customer service. Thank you for that. But when
Speaker 2: it became clear, Brian that Trump was going to be
Speaker 2: our next president, airline stocks took off because, in part,
Speaker 2: investors saw a future where the airline industry would be
Speaker 2: under less scrutiny, uh uh, pressure, less oversight perhaps, And
Speaker 2: to me, obviously that's not a good thing, because finally
Speaker 2: the airline industry has been forced to adopt some customer
Speaker 2: service measures that before they would. They went kicking and screaming,
Speaker 2: dragging in that direction, and the Biden administration says, look,
Speaker 2: you're going to treat customers this way, or you're going
Speaker 2: to face some serious penalties. And they recognized a few
Speaker 2: years ago they really meant business and airlines had to
Speaker 2: do it. So when I saw airline stocks taking off yesterday,
Speaker 2: and I love seeing stocks go up, I thought, uh oh.
Speaker 2: And when I started digging into why, that was one
Speaker 2: of the driving factors, and I thought, good lord, no,
Speaker 2: I don't want to take a step back here. But
Speaker 2: Donald Trump as a business owner, his first time around,
Speaker 2: he was very accommodating to the airline industry. And Boeing
Speaker 2: is one of the entities here that needs more oversight
Speaker 2: than anybody. They've got fifteen billion dollars in defense contracts,
Speaker 2: So a lax environment is the last thing I want
Speaker 2: airlines or Boeing to be a part of.
Speaker 1: Yeah, And I guess that illustrates the problem I have
Speaker 1: with the whole scenario. It is so heavily regulated and
Speaker 1: controlled by the federal government and obviously subject to fines
Speaker 1: and sanctions and penalties from the federal government. No other
Speaker 1: business is subject to that level of scrutiny. Are very few.
Speaker 1: If you're out here in the real world and you're
Speaker 1: trying to compete, you damn well better provide a quality
Speaker 1: product or your competitors are going to put you out
Speaker 1: of business. And that model alone just apparently isn't sufficient
Speaker 1: enough for Boeing, even though they're flying people and our
Speaker 1: lives depend upon the quality of their products.
Speaker 2: Right, if we had competition, your analogy would as always
Speaker 2: be spot on. But when you've got Airbus and Boeing
Speaker 2: representing ninety percent plus of the aircraft that are manufactured
Speaker 2: with Bombardier in the Canada, You've got embry Air in
Speaker 2: South America and Comak coming out of China, which is
Speaker 2: a new aircraft manufacturer, and I really hope that they
Speaker 2: pick up because I like what they're doing. There's very
Speaker 2: little competition, and Airbus has like nine thousand plus back
Speaker 2: orders of airplanes, so it's not like they can jump
Speaker 2: in and say, hey, we'll take all this Boeing business
Speaker 2: from people that are ticked off at Boeing, because they can't.
Speaker 2: So if you're like Southwest and some of these other airlines,
Speaker 2: you're married to Boeing because that's the bulk of your fleet,
Speaker 2: you just have to hope that they're going to turn
Speaker 2: things around and maybe give you a nice, healthy discount
Speaker 2: on future orders, those kinds of things. But it's the
Speaker 2: NTSB just released their six hundred page report on that
Speaker 2: last Airlines flight twelve eighty one where the door plug
Speaker 2: went out, six hundred pages. These guys are the all stars.
Speaker 2: These men and women are the NTSB that after every
Speaker 2: accident near accident, they go to the FAA saying, here's
Speaker 2: our twenty thirty or forty recommendations from this incident on
Speaker 2: how we can make aviation safer. Now, normally the FAAI
Speaker 2: look at that, go yawn and skip it. Sometimes they'll
Speaker 2: take one or two of those and implement those ideas.
Speaker 2: But these are the men and women. That's the reason
Speaker 2: that we have the safest there ever of commercial jet
Speaker 2: travel now. But one of the things that they indicated
Speaker 2: in this six hundred page report was how the lack
Speaker 2: of proper oversight of Boeing and the suppliers of Boeing
Speaker 2: contributed to that situation. And Brian, how many planes have
Speaker 2: you and I've been on that had been full that
Speaker 2: have had an empty window seat? Very few. I'm in
Speaker 2: a middle seat and I look over and in this
Speaker 2: road there's an empty middle and window seat. I'm like,
Speaker 2: ding ding ding, flight attendant, please, may I move? May
Speaker 2: I move? Nobody did on that flight. And that's the
Speaker 2: one where the door blew out. Had somebody been sitting
Speaker 2: at that window or middle seat, they'd have been gone
Speaker 2: because it was that is a decompression so bad that
Speaker 2: it blew the secured cockpit door wide open and everything
Speaker 2: went flying in the cockpit. So you're talking about a
Speaker 2: horrific situation. And again because a lack of oversight, and
Speaker 2: we cannot allow bowing off the hook.
Speaker 1: That that is truly miraculous that someone wasn't there.
Speaker 2: It is and it just It's one of the reasons
Speaker 2: that I was so thankful that we dodged a bullet.
Speaker 2: We learned something critical, but we we knew this was
Speaker 2: coming now, not to this extent, because it was two
Speaker 2: weeks before that. Boeing came out and issued an email
Speaker 2: to airlines saying, look for those airlines that have this
Speaker 2: kind of aircraft. We've had reports from some airline mechanics
Speaker 2: that have gone in to do work that when they
Speaker 2: were looking at specific parts of the rudder control system,
Speaker 2: that's what helps the pilots to fly the rudder control system. Yes,
Speaker 2: you may notice some missing or untightened hardware. In other words,
Speaker 2: there's missing bolts and unsecured hardware where things haven't been
Speaker 2: tightened on some of the rudder control systems. This was
Speaker 2: the last two weeks of December, and I got that thinking,
Speaker 2: oh my god, what And then of course it was
Speaker 2: like here we go again, the same crap that we
Speaker 2: had with the Boeing Max problems where they were rushing
Speaker 2: airplanes through lack of oversight. All we promised to do
Speaker 2: better five years ago, No we're not. We're going to
Speaker 2: do the same stuff over and over. That memo scared
Speaker 2: me to death. And I spent the first couple of
Speaker 2: weeks at the beginning of this year talking about how
Speaker 2: this is a concern, and I was on Boom there
Speaker 2: goes the door plug on a door that didn't even
Speaker 2: have some of the bolts even threaded, let alone titaned.
Speaker 2: So you know, Boeing has got to get to the
Speaker 2: point where they're going to really be held accountable. But
Speaker 2: there's no place for any airline to go to that
Speaker 2: is an alternative to Boeing, because that industry is just
Speaker 2: not competitive enough for us to do anything. Now, it's
Speaker 2: one thing here in the United States to say there's
Speaker 2: some competition. Yes, thank God for the low cost carriers,
Speaker 2: because that's why we have the lowest fairs ever in
Speaker 2: the history of aviation. In fact, someone sent me last
Speaker 2: week a copy of a nineteen sixty two airline ticket
Speaker 2: from the West Coast to Saint Louis and back. It
Speaker 2: was one hundred and I think eighteen dollars round trip,
Speaker 2: and in today's dollars that would be twelve hundred and
Speaker 2: forty two dollars. So the thought is, wait a minute,
Speaker 2: in nineteen sixty two dollars, it would cost you to
Speaker 2: go from the West Coast to Saint Louis and back.
Speaker 2: Twelve hundred dollars is the cheapest coach fair. We now
Speaker 2: can do that for three hundred, two hundred dollars something
Speaker 2: like that. So you know, it's a very cheap way
Speaker 2: to fly or to be transported these days. But the
Speaker 2: problem is these airlines have got to be held accountable.
Speaker 2: And I tell you I've got some real concerns moving forward.
Speaker 2: I hope they're unfounded. But one of the things that
Speaker 2: I can hope for is that Boeing will be given
Speaker 2: the proper you know, oversight, because remember when we had
Speaker 2: the Boeing Max issues all those years ago, airlines around
Speaker 2: the world were grounding those airplanes because we didn't know
Speaker 2: what was happening. We had aviation analysts in this country
Speaker 2: coast to coast, big names that are a lot smarter
Speaker 2: than I am, that were saying, oh, these planes are okay,
Speaker 2: blah blah. And I was on every national show I
Speaker 2: could be on, including Fox, for two weeks screaming against
Speaker 2: those airplanes had to be grounded simply because we did
Speaker 2: not know what was going on. The FAA did not
Speaker 2: ground those airplanes. The airlines that flew those Boeing Max
Speaker 2: Airplanes American United Southwest refused to do so. It took
Speaker 2: President Trump to step in and say ground those airplanes,
Speaker 2: and thank god he did. But far too often the
Speaker 2: airlines tell the government what they're going to do, not
Speaker 2: the other way around. And I don't want to go
Speaker 2: back to that.
Speaker 1: Well, we certainly want to have to face some major
Speaker 1: catastrophe with massive casualties.
Speaker 3: Jay Rattlers say.
Speaker 2: Something we could have seen coming. And that's when all
Speaker 2: those stupid politicians are going to pull a hamstring run
Speaker 2: into the podium to say what they're.
Speaker 3: Going to do about it.
Speaker 1: Yeah, and you'll and you'll be going back read listen
Speaker 1: to the podcast from the last four years on the
Speaker 1: fifty five Case Morning Show.
Speaker 3: I told you so Ati.
Speaker 2: Away at the conversation. I do not want to ask.
Speaker 1: I don't what to have it either, Jay, somebody's gonna
Speaker 1: listen to you. We always end up on hub delays.
Speaker 1: What's it like flying out there today, Jay Rattler, Up.
Speaker 2: You're around Savannah. I got a lot of rain here,
Speaker 2: But other than that, Denver is going to be the
Speaker 2: big issue. They've got some weather related snow and some
Speaker 2: things in or slowing things down, you know. Other than that,
Speaker 2: we're keeping an eye on this disturbance in the golf
Speaker 2: of Mexico that could impact later Houston. But as up today,
Speaker 2: if you're flying, avoid Denver.
Speaker 1: Have a good day, as always, enjoy you being on
Speaker 1: the morning show. Look forward to next Thursday. As I
Speaker 1: always tell you, it's true, and best of health and
Speaker 1: love to you and your better half, my friend.
Speaker 3: Enjoy your weekend. On top of it, you too, my friend.
Speaker 2: Thank you so much.
Speaker 1: It is eight fifty one here fifty five KR see
Speaker 1: the Talks station. Our nation's problems have been building