America's Truckin' Network

On Friday, the U.S. Commerce Department released the April New Home Sales Report; Kevin has the details, offers his insights and adds an historic perspective to the report. Kevin makes the case that it is time for the Federal Reserve to lower interest rates by taking a look at how an average home price is affected by different interest rates. Also, using a $110,000 annual income, Kevin takes a look at how much home can be purchased at different interest rates. The Federal Reserve is supposed to be non-political, however, this past Sunday, Fed Chairman Jerome Powell spoke to graduates at Princeton University; Kevin has the details, was it non-political? Oil prices remained stable during subdued holiday trading.

See omnystudio.com/listener for privacy information.

The U.S. Labor Department reported the weekly Initial Jobless Claims; Kevin has the details, digs into the data and offers his insights. S&P Global released the U.S. manufacturing purchasing managers index (PMI) and U.S. services PMI; Kevin discusses the report and offers his perspective. The National Association of Realtors reported April existing home sales; Kevin looks at the data and puts it into perspective. Oil reacts to OPEC+ discussing a production increase for July, an unexpected rise in U.S. crude oil inventories and the expiration of U.S. oil company Chevron's license to operate in Venezuela. Kevin pays tribute to our fallen heroes as we enter this Memorial Day Holiday weekend.

See omnystudio.com/listener for privacy information.

Three Federal Reserve officials gave speeches over the last couple of days, during which they talked about if and when to expect interest rate cuts; Kevin reviews the comments, offers his insights and opinion. Reading between the lines and the complete comments by economists on Monday's Report on Leading Economic Indicators, Kevin points out their positive comments that have been overlooked by the media. The American Trucking Associations released the ATA For-Hire Truck Tonnage Index; Kevin has the details and offers his insights. Oil reacts to rumors that Israel plans to strike Iran's nuclear facilities, US-Iran nuclear talks showing little progress and crude oil inventory increases.

See omnystudio.com/listener for privacy information.

On Monday, the Conference Board released the April Leading Economic Index; Kevin talks about how two different news agencies covered the release; discusses the data, offers his insights and puts the information into historic perspective. The United Nations has forecast global economic growth for 2025 and 2026; Kevin takes a look at the information and offers his opinion and insights.

See omnystudio.com/listener for privacy information.

The credit rating service, Moody's, changed the U.S. sovereign credit rating; Kevin sorts through the data, offers his insights and puts the information into perspective. The University of Michigan released its preliminary Consumer Sentiment Index; Kevin discusses this report, the implications and offers his opinion. The U.S. Commerce Department released the Housing Starts, as well as, Residential Permits (Building Permits) reports; Kevin puts the data into perspective and offers his insights.

See omnystudio.com/listener for privacy information.

The Labor Department reported U. S. weekly Jobless Claims; Kevin has the details and offers his insights. The Bureau of Labor Statistics reported the U.S. Producer Price Index (PPI) for April; Kevin discusses the data and the. implications going forward on Interest rates. The U.S. Retail Sales report was released; Kevin has the details. JPMorgan offers their latest predictions as to the possibility a recession this year; Kevin digs in to the report and offers his insights. US House Energy and Commerce Committee proposed replenishing the Strategic Petroleum Reserves. Oil reacts to a possible Iran nuclear deal, Russian President Putin's refusal to meet with Ukraine's Zelinsky, U.S. Crude inventory increases and the International Energy Agency upgrade of 2025 oil demand growth forecast.

See omnystudio.com/listener for privacy information.

Additional benefits from the 90-day tariff pause between the U.S and China have come to light; Kevin discusses these benefits. Goldman Sachs analysis indicates President Trump's preferred crude oil prices; Kevin discusses this and offers his insights. The U.S. Treasury released the April Tariff Revenue data; Kevin discusses the effect on the budget deficit, additionally, Zero Hedge points out other unexpected surprises in the data; Kevin has the details. Steelmaker Nucor shut down production at some of its facilities; Kevin has the details and offers his insights. Oil and gas prices react to unexpected U.S. crude oil inventory data, OPEC+ adjustments to oil supply growth forecasts and data from the American Petroleum Institute.

See omnystudio.com/listener for privacy information.

The Commercial Vehicle Safety Alliance's International Roadcheck is underway and continues through Thursday. The National Federation of Independent Businesses released their Small Business Optimism Index; Kevin discusses the results and offers his insights. The U.S. Bureau of Labor Statistics released the April Consumer Price Index; Kevin digs into the details, discussed the information and offers his insights. Oil reacts to US- China tariff relief, increasing OPEC+ crude oil production, U.S. inflation data, ceasefires and peace negotiations.

See omnystudio.com/listener for privacy information.

Usually weekends are slow news days, not so this past weekend. Friday, a trade deal with India was signed; later a ceasefire was announced between India and Pakistan; Ukranian President Volodymyr Zelensky agreed to meet Russian President Vladmir Putin in Turkey on Thursday; progress in talks between the U.S. and Iran over their nuclear program; the U.S. and China have agreed to slash tariffs for 90 days; President Trump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs; Kevin has the details and offers his insights. Oil reacts to the ceasefires, tariff deals, U.S. - China 90-day tariff pause, increased OPEC+ crude oil production and U.S. -Iran negotiations.

See omnystudio.com/listener for privacy information.

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).

See omnystudio.com/listener for privacy information.