America's Truckin' Network

Kevin discusses some of the blowback and additional information surrounding the firing of the Commissioner of the U.S. Bureau of Labor Statistics. Additionally, Kevin covers the following stories: The University of Michigan released their Final Survey of Consumers for July; Trucking Reacts to Trump's Sweeping Tariffs; Kevin has the details discusses the data, puts the information into historic perspective, offers an opinion or two and his insights. Oil and gas prices react to OPEC+ increasing crude oil outputs and worries of weaker global demand concerns over President Trump's threats of higher tariffs on India over Russian oil purchases.

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Kevin covers the following stories: the U.S. Bureau of Labor Statistics reported the July Nonfarm Payroll Jobs added; President Trump fired the Bureau of Labor Statistics Commissioner; the U.S. Bureau of Labor Statistics' Lengthy History of Inaccuracies; a Federal Reserve Governor is resigning; Kevin has the details, digs into the data, puts the data into historical perspective, offers his insights and an opinion or two.

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Kevin offers his insights and opinion on the increasing criticism of Federal Reserve Chairman Jerome Powell and covers the following stories: ADP released their National Employment Report (Private Payrolls); The U.S. Labor Department released the weekly jobless claims; the U.S. Commerce Department released the Personal Consumption Expenditures Price Index; the U.S. Bureau of Economic Analysis reported June Personal Income, Consumer Spending and Personal Savings Rate; the U.S. Commerce Department reported Personal Consumption Expenditures (the Federal Reserve's preferred inflation gauge); a provision in the One Big Beautiful Bill that eliminates a regulation many have wanted eliminated for 50 yrs.; Kevin has the details, sifts through the data, puts the information into historic perspective and offers his insights and an opinion or two. Oil reacts to various geopolitical events, sanctions and ongoing trade talks.

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Kevin covers the following stories: the U.S. Commerce Department reported the 2nd Qtr. Gross Domestic Product (GDP); two of President Trump's loudest and harshest critics regarding tariffs admit they were wrong; The Federal Reserve announces their decision regarding interest rates; Kevin has the details, looks at the data, explains the information, offers his insights, puts the particulars into historical perspective and puts forth an opinion or two.

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Kevin covers the following stories: "They said it couldn't be done but President Trump keeps doing it anyway." - Phil Flynn, Price Futures Group; S&P Dow Jones Indices released the May 2025 results for the S&P CoreLogic Case-Shiller Indices - U.S. prices; the Conference Board released the U.S. consumer confidence index; Daimler Truck announced a major change in their focus on certain trucklines, job cuts and the challenges they face this year; J.B. Hunt releases 2nd Qtr. results; Kevin sorts through the data, discusses the details, puts the information into perspective, offers his insights and some opinions. Oil and gas prices react to continuing U.S. - China trade talks, President Trump's shorter deadline for Russia to negotiate an end to the war with Ukraine or face more severe sanction on its oil flows, the upcoming Federal Reserve's interest rate decision and the trade agreement between the U.S. and the EU. Kevin makes predictions on what the 2nd Qtr. GDP will be and whether the Federal Reserve will reduce interest rates.

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These are the stories and topics Kevin covered this morning: Trump strikes a trade deal with the EU; Chevron will soon be able to restart oil production in Venezuela; Chevron gets approval from the International Chamber of Commerce in Paris for a major acquisition; Chevron announces layoffs in the Houston area; on Friday, the U.S. Commerce Department released June Durable Goods Orders; Industry experts discuss Transport Merger and Acquisition during the first half of 2025; Kevin has the details, digs into the data, puts the information into historic perspective, offers his insights and an opinion or two. Kevn talks about the Federal Reserve meeting this week, mentioning that much of the data, upon which the Fed claims they make their decision, is being released before they have had a chance to analyze it. Oil reacts to the U.S. and EU trade agreement, President Trump shortening the deadline for Russia to end the war in Ukraine, OPEC+ stresses the need for full compliance with output limits from their members and continuing trade discussions between the U.S. and China.

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The following stories were covered during today's show: The White House released "Winning the AI Race: America's AI Action Plan;" the U.S. Labor Department reported the U.S. Weekly Jobless Claims; S&P Global released the Composite Purchasing Manager's Index (PMI), the Manufacturing PMI Contracts, and Services PMI; the Mortgage Bankers Association reported the Weekly Mortgage Application Volume Index; the U.S. Commerce Department's Census Bureau reported June U.S. New Home Sales; Kevin has the details, sifts through the data, offers his insights, puts the data into historic perspective and offers an opinion or two. Oil and gas prices react to expected Russian cuts in gasoline exports, optimism over U.S. and European Union trade negotiations, sharper than expected draws on U.S. crude oil inventories, ongoing Russia and Ukraine peace talks and uncertainty over U.S. - China trade talks.

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Kevin covers the following stories: The National Association of Realtors reported June Existing Home Sales; President Trump announced a trade framework with Japan; Kevin has the details sorts through the data, puts the information into perspective, offers his insights and offers an opinion or two. Kevin interviews Tim Wullenweber, Vice President Sales and Marketing, Coolants Plus/StarFire. They discuss lower viscosity lubricants, new API specs for heavy duty motor oil and heavy-duty antifreeze. Oil and gas prices react to U.S.-Japan trade deal. expectations ahead of EU-China summit and U.S. Energy Information Administration data on crude oil inventories.

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Kevin mentions the passing of rock legend Ozzy Osbourne. Stories covered today include: Delaware to hike tolls next month - the reason and who takes the biggest hit; Bank of Canada Poll regarding "tariff risks;" Averitt makes a major announcement; Kevin has the details, sifts through the data, puts the information into perspective and offers his insights and an opinion or two. Oil and gas prices react to the looming deadline for trade talks, the European Union exploring counter-measures amid fading prospects of a U.S. trade deal, diming chances of a U.S.-India trade agreement and new global economic concerns.

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Kevin covered the following stories: the University of Michigan released their Survey of Consumers (Consumer Sentiment); the U.S. Commerce Department reported single family home building permits; the U.S. Commerce Department's Census Bureau reported single family housing starts; the U.S. Conference Board published the Leading Economic Index (LEI); Ward's Intelligence released June Class 8 Truck Sales; Volvo reported 2nd Quarter earnings; Kevin has the details, digs into the data, puts the information into historic perspective offers his insights and an opinion or two. Crude Oil and Gas prices react to the EU's 18th package of sanctions, potential Iran nuclear talks with Britain, France and Germany, pending tariffs, set to kick in on August 1st and rumors of possible meeting between President Trump, Russian President Vladimir Putin and Chinese President Xi Jingping.

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