Kevin's thoughts on the election of the first American Pope. Kevin reacts to further comments by Federal Reserve Chairman, Jerome Powell and President Trump's reaction Powell's "wait and see" approach. Data from the U.S. Labor Department regarding Initial jobless claims and Worker Productivity were released; Kevin digs into the details and offers his opinion and insights. The first trade deal has been reached; Kevin has the who, what and when. Oil reacts to looming trade talks between the U.S. and China, the "breakthrough" deal with Great Britain, increasing crude oil production by OPEC+ and "tariff risk premium" replacing the global risk premium (Mideast tensions and Ukraine-Russian war).Â
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44:03
America's Truckin' Network -- 5/8/35
The Federal Reserve ended its two-day meeting and announced their decision on interest rates, cut or unchanged? Fed Chaiman Jerome Powell held a press conference to offer an explanation of their decision; Kevin has the details, offers his insights and offers his opinion. Arkansas, Texas and Wyoming enact laws to improve road safety and CDL license validation, Kevin has the details. President Trump has issued an Executive Order enforcing a Federal Motor Carrier Safety Administration requirement that has been ignored since 2016; Kevin has the details and offers his insights. The U.S. Department of Labor has announced it is reviewing the Biden administration's worker classification guidance patterned after a controversial Bill passed by California; Kevin has the details and offers his perspective. Kevin has the news, geopolitical events, crude oil supply and demand information and economic conditions affecting oil and gas prices.
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45:56
America's Truckin' Network -- 5/7/25
The American Transportation Research Institute (ATRI) has released research defending the repeal of the Federal Excise Tax on new trucks and trucking equipment; you will not believe the amount of the tax and what the tax was to fund; Kevin reviews the data and offers his insights. U.S. Energy Secretary Chris Wright is evaluating loans issued from the $400 Billion Green Bank fast-tracked in the period between the time President Trump was elected and Inauguration Day; Kevin digs into the data. The U.S. Department of Transportation announced changes to a Federal Highway Administration rule for states to establish emission-reduction goals; Kevin discusses the reasons for the changes. Oil and gas prices react to changes on the demand side, geopolitical events in the Mideast, additional sanctions on Russia. OPEC+'s increase in production and the U.S. dollar fluctuation
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46:46
America's Truckin Network -- 5/6/25
Kevin talks about his and his wife's visit, on Derby Day, to the historic Rookwood Pottery factory and later a visit to the Newport Casino to place some bets on the featured Derby race. On Friday, the Bureau of Labor Statistics released the April Jobs Report; Kevin has the details, sifts through the data, puts it into historic perspective and offers his insights. Automakers report April sales data: who's up who's down? The German Federal Statistics Office released that country's Gross Domestic Product (GDP) and consumer inflation data; Kevin has the information, offers his insights and how that affects the U.S. economy. Kevin explains how OPEC+'s crude oil production increases, geopolitical events and crude oil inventories are affecting oil and gas prices.
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42:46
America's Truckin Network -- 5/2/25
The U.S. Labor Department reported the U.S. weekly Initial Jobless Claims numbers; Kevin reviews the data and offers his insights. After the Gross Domestic Product (GDP) report was released yesterday, the numbers have been further analyzed; Kevin explains. The Commercial Vehicle Safety Alliance's International Roadcheck is coming up; Kevin has the dates and what inspectors will be looking for. The International Monetary Fund released a report on the World Economic forecast; Kevin offers his insights. Oil reacts to geopolitical events, crude oil inventory numbers, OPEC+'s production discussions and world economic conditions.
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