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America's Truckin' Network on 700WLW
America's Truckin' Network
America's Truckin' Network
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1 OCT 2024 · East and Gulf Coast Ports prepare to close; the issues and ramifications. Commerce Department released the Personal Comsumption Expenditures report, the key Federal Reserve's inflation gauge. What were the results and what does it say about the battle against inflation. Sale of remaining Yellow Corp. terminals. Oil reacts to fears of a widening conflict in the Middle East curtailing Iranian crude supply after Israel attacks terrorists in Lebanon and Yemen, OPEC+ potential oil production increases, Beijing stimulus may not be enough to lift demand, Chinese factory activity shrinks for a fifth straight month and reports that Libya's oil production may come back online this week.
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27 SEP 2024 · The Bureau of Economic Analysis issued the third and final estimate of the 2nd Quarter Gross Domestic Product, Personal Consumption Index, and Consumer Price Index, which it tells and doesn't tell us. West Coast ports' volumes surge; why and what that tells us about the economy. Oil prices react to a report that Saudi Arabia will give up its $100 per barrel price target in preparation for raising output, the prospect of additional crude supply from Libya, and China's pledge to deploy "necessary fiscal spending."
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26 SEP 2024 · American Trucking Associations releases the August For-Hire Truck Tonnage Index, up or down? September Consumer Confidence Index released, a good sign or bad sign? U.S. weekly jobless claims released, sizzling or fizzling? How are oil prices being affected by worries over supply disruptions in Libya, China's latest stimulus plans trying to boost their economy, falling U.S. crude inventories and intensifying conflict between Iran-backed Hezbollah in Lebanon and Israel.
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25 SEP 2024 · U.S Department of Transportation praises trucking's efforts in new trafficking report. Amazon boosts warehouse worker pay. Southern California August cargo volumes reported, up or down? Another union threatens to strike, which could lead to suply chain disruptions and possible shortages of consumer products. Oil reacts to reports that China has announced the biggest real estate stimulus package and interest rate cuts; concerns that the escalation of the conflict in the Middle East could hit regional supply and another hurricane threatens oil production in the U.S.
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20 SEP 2024 · Teamsters release Presidential endorsement polling data—wow! My thoughts. The August U.S. Trailer orders report was released. Attention is turning to lower-than-normal U.S. Crude oil supplies, significantly since the Strategic Petroleum Reserves were depleted in 2022. Oil reacts to the Fed rate cut, but... the Bank of England holds interest rates at 5.0%, rising tensions in the Middle East and weak demand from China.
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19 SEP 2024 · Kevin discusses the Federal Reserve's interest rate cut. August Medium-Duty Truck sales report released, good news or bad news? How Israel planted explosives in thousands of Hezbollah pagers. Chinese Refineries go bankrupt, what does this tell us about China's economy? Which Industries perform best and worst after interest rate cuts? How oil prices reacted to falling U.S. crude stocks, gasoline and distillate build, interest rate cuts and the rise in Middle East tensions after pager blasts.
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18 SEP 2024 · As an opponent of climate emergency hysteria, I find it ironic that Hurricane GORDON has been named, given its current status. Based on past statements by Federal Reserve Chairman Jerome Powell and his criteria for interest rate cuts, any cuts will be more politically motivated than "...to promote the stability and efficiency of the U.S. economy and financial system." Due to weak August economic data, oil reacts to mounting supply disruptions, potential interest rate cuts, falling U.S. crude inventories, and weak crude oil demands.
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17 SEP 2024 · Kevin's thoughts on the second assassination attempt on Donald Trump. Economists looking forward to the Federal Reserve possible interest rate cut; will it happen? Super Harvest Moon lunar eclipse tonight, best time to view. Goldman Sachs CEO David M. Solomon "scorches Kamala Harris for turning a report from an independent analyst into 'something that's bigger than what it was intended to be.' Oil reacts to the second assassination attempt on Donald Trump, ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico, weaker Chinese economic data released over the weekend and reports that a missile launched by the Houthi terrorists hit Israel.
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12 SEP 2024 · Consumer Price Index (CPI) report was released. The Stock Market, Oil Market, businesses, etc. were looking for this final piece of the puzzle as to whether and how much the Federal Reserve will cut interest rates. Did this report support or undermine interest rate cuts? Kevin takes a look at various items in the CPI, which prices are up, which are down. A liberal news organization commits journalism. How is hurricane Francine and an increase in crude inventories affecting oil prices.
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11 SEP 2024 · Kevin's take on the Trump vs. Harris debate. Kevin talks about the 23rd anniversary of 9/11/2001. Hero truck drivers surround a school bus during a shooting on the highway. Volkswagon deals with Chinese imports. Volvo reverses the EV push, and oil reacts to decrease the oil demand: Tropical Storm Francine and the weak Chinese economy.
America's Truckin' Network on 700WLW
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