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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Kevin covers the following stories: the U.S. Labor Department released the Weekly Jobless Claims Report; the U.S. Commerce Department released the June Retail Sales report; the Federal Reserve's periodic evaluation of the economy, known as the Biege Book, was released; the National Association of Home Builders released their Monthly Builder Confidence Survey; Trump announces a major agreement with  Coca-Cola and all that is affecting oil and gas prices. Kevin has the details, digs into the data, offers his insights, puts the information into historic perspective and offers an opinion or two. 

Kevin covered and discussed the following stories: -The U. S. Bureau of Labor Statistics released the Producer Price Index -President Trump attended The Energy and Innovation Summit at Carnegie Mellon University with top Tech and Energy executives and Crude oil and gas prices Kevin has the details, discusses the data, puts the information into perspective, offers his insights and opinion.

U.S. Bureau of Labor Statistics reported the June Consumer Price Index; Kevin has the details, digs into the data, offers his insights, puts the information into historical perspective and offers his opinion. The Port of Los Angeles reported their June import volumes; Kevin has the details, discusses the data, adds his perspective and explains how this might affect the overall economy. Oil and gas prices react to potential sanctions on Russia, China's economic data and anticipated oil demand for the rest of the year.

These are the stories discussed today: -Ford recalls 850,000 cars. -US Foods Holding Corp. has expressed an interest in acquiring another food distribution company. -U.S. and India nearing interim tariff deal. -President Trump announces 30% tariffs on EU and Mexico. -EU delays retaliatory tariffs on U.S. goods. -European trade ministers pledge unity after Trump's tariffs. -Oil and Gas prices react to President Trump threatening buyers of Russian oil, rising Chinese crude oil imports, the EU agreeing on an 18th package of sanctions against Russia, potential trade deals between the European Union, South Korean and the U.S. and the U.S. announcing new weapons for Ukraine. Kevin has the details, digs into the data, offers his insights, puts the information in historic perspective and gives an opinion or two.

Today, Kevin covers: -The U.S. Labor Department released the Weekly Initial Jobless Claims Report. -The Federal Reserve released the minutes from their June 17-18 meeting, when they left interest rates unadjusted. -Americas Commercial Transportation Research Co. and Freight Transportation Research Associates Transportation Intelligence, released June Class 8 Truck Order numbers. -International Motors released 2nd Quarter truck and bus sales. -Tyson Foods' Amarillo beef plant employees ratify a new four-year contract. -What is affecting oil and gas prices. Kevin digs into the details, reviews the data, offers his insights, puts the data into historic perspective and offers his opinion.

Dozens of freight, trucking and other industry leaders have praised the One Big Beautiful Bill Act (OBBBA); Kevin has their comments and points out some of the key features as it affects taxpayers at all levels of income. A major food company files for bankruptcy; Kevin has the details. Oil and gas prices react to crude oil stocks rising, strong gasoline demand, OPEC+'s crude oil production increases and renewed attacks on shipping in the Red Sea.

The National Federation of Independent Business released their Small Business Optimism Index, also the New York Federal Reserve issued their Survey of Consumer Expectations and the American Trucking Associations released their For-Hire Truck Tonnage Index; Kevin has the details, digs into the data, offers his insights and puts the information in historic perspective. UPS plans to slim down its operations; Kevin has the details and what this means for their drivers. Oil prices react to improving world economic conditions, demand and supply data.

Kevin talks about the celebration and events of Independence Day and the weekend. What happened to newspapers? While cleaning out his office, Kevin found some old newspapers. Kevin takes a walk down memory lane and how the industry destroyed itself. The "One Big Beautiful Bill" has been signed; Kevin takes a look at some of the details of the bill, especially as it affects individuals. Oil reacts to crude oil production increases from OPEC+ and increases in demand as it appears the world economic conditions are increasing.

The U.S. Bureau of Labor Statistics released the Nonfarm Payrolls Report was released today and the Initial Jobless Claims Report was released by the U.S. Department of Labor; Kevin looks at the data, digs into details, offers his insights/opinion and puts the information into historic perspective. The American Transportation Research Institute released their 2025 findings "An Analysis of the Operational Costs of Trucking"; Kevin discusses the results. Oil and gas prices react to various crude oil inventory data, the pending July 9th end to the tariffs pause. OPEC+ discussions, world economic news and U.S. economic news. Kevin offers his thoughts, appreciation and love of Independence Day.

ADP released their Private Sector Jobs Report; AAA, in a news release, projected the number of people traveling this Independence Day weekend: Kevin looks at the reports, offers his insights and puts the information into perspective. Kevin speaks with Jody Pollard, Senior Vice President, Truck Sales and Aftermarket Sales; they discuss the ongoing freight recession and when we can expect an improvement, California emissions mandates, tariffs and their impact on OEM/Supplier price surcharges/price increases. Kevin looks at a recent article from an unexpected source regarding the impact of tariffs so far. Kevin covers some of the news, economic data and supply and demand issues affecting the oil and gas prices.

Kevin reviews and summarizes some of the recent economic news, trade deals coming together and how this will affect the trucking industry. More and more evidence is mounting regarding tariffs and inflation. The "Big Beautiful Bill" has passed; Kevin talks about some of the details, especially involving the so-called clean energy credits from Biden's Inflation Reduction Act and how effective they have been. The U.S. Commerce Department's Census Bureau released the construction spending, Wards Intelligence released May Class 8 retail sales, The U.S. Bureau of Labor Statistics released the May Job Openings and Labor Turnover: Kevin has the details and offers his insights. Kevin talks about the economic, political, geopolitical, supply and demand events affecting oil and gas prices.

The U.S. Bureau of Economic Analysis released the 3rd estimate of 1st Quarter GDP; the U.S. Commerce Department's Census Bureau released the Orders for Durable Goods Report; the U.S. Labor Department released the Weekly Jobless Claims; Kevin has the details, digs into the data, offers his insights and puts the information into historic perspective. Phil Flynn, Senior Market Analyst Price Futures Group & Author of The Energy Report, as well as Contributor to FOX Business Network, joins Kevin to talk about a wide range of topics from Malaysian oil laundering, crude oil supply and demand, the need for interest rate cuts, through media bias by downplaying good economic news. Oil and gas prices react to switching focus from risk premiums to fundamentals, U.S. "driving season is in full swing," a weaker dollar, larger than expected draws on crude oil inventories and the ceasefire between Iran and Israel. The first named tropical storm of the hurricane season has been announced; Kevin has the details.

Kevin summarizes the historic events from last week, from eliminating a nuclear threat, a ceasefire, a peace treaty, Supreme Court decisions and much, much more; Kevin has the details. The University of Michigan released their final June Consumer Sentiment Index; Kevin has the details and offers his insights. Kevin speaks with Lewie Pugh, Executive Vice President Owner-Operator Independent Drivers Association (OOIDA) about major announcements from the Federal Motor Carrier Safety Administration that will benefit drivers. U.S. Bureau of Economic Analysis released Personal Income Data; Kevin offers his insights and puts the information into preservative. The U.S. Commerce Department released the Personal Consumption Expenditures Price Index; Kevin has the details.

Kevin describes a first-hand experience regarding a computer scam which freezes your computer and directs you to call a specific number. Also, Kevin talks about various states warning residents about scam texts and e-mails regarding unpaid traffic tickets or toll fees; Kevin talks about what to do and who to contact. The U.S. Census Bureau released the May New Home Sales Report; Kevin has the details, digs into the data, offers his insights and puts the information in historic perspective. From the skilled trades to management and professional roles to indirectly supported jobs; Kevin discusses the importance of home building and remodeling to the economy. Oil and gas prices react to demand causing falling U.S. crude oil and fuel inventories, highest gasoline demand since December 2021, Iran-Israel ceasefire reducing geopolitical supply concerns, possible Federal Reserve interest rate cuts earlier tha forecasted. 

Federal Reserve Chairman, Jerome Powell gave his semi-annual report to Congress; Kevin talks about his testimony and offers his insights and opinion. The Conference Board issued their Consumer Confidence Index; Kevin digs into the details, puts the data into perspective, offers his insights and opinion. The Case-Shiller National Home Price Index was released yesterday; Kevin takes a look at the data and offers his insights. Kevin discusses our interest rates from the Central Bank versus other countries around the world. Oil and gas prices react to President Trump accusing Israel and Iran of violating the ceasefire, analysts seeing less risk to Middle-East crude oil supplies, President Trump easing sanctions on Iran's oil sales and increasing crude oil production from certain OPEC+ countries. 

Kevin discusses the U.S. attack on Iran's nuclear facilities, offers his insights and opinion on some of the questions being asked. Kevin talks about some of the details revealed by an invitation only group of retired generals and members of the Israel Defense Force. Kevin talks about Fred Smith, founder and executive chairman, FedEx Corp., who passed away over the weekend. S&P Global released the results of their Purchasing Managers Index from the Manufacturing sector and the Services sector; Kevin has the details. The National Association of Realtors released the May Existing Home Sales report; Kevin discusses the details, offers his insights and puts the data into perspective. Oil and gas prices reacts no oil supply disruption yet from the U.S. attack on Iran, rumors of disruption in the Strait of Hormuz supply route, a attack on a U.S. military base in Qatar and pressure from President Trump to oil producers to keep prices low

After Federal Reserve Chairman Jerome Powell announced, on Wednesday, that interest rates would remain unchanged, he answered reporters' questions; Kevin reviewed the transcript and points out the inconsistencies with comments made during the press conference and previous comments over the last two years. The head of a different independent Federal agency agrees with Kevin and has called on Jerome Powell to cut interest rates or resign; who is it? Kevin has the details. Earlier in the month, The Federal Reserve Bank of New York, released their monthly survey of consumers' expectations for future inflation, which seems to contradict comments by Jerome Powell; Kevin has the details and offers his insights. Dollar General recently released their quarterly financial data; Eaton Corp. announced a major acquisition; Kevin has the details, looks at the data and offers his insights. Oil prices react to the on-going war between Israel and Iran, a Geopolitical risk premium is anticipated, the risk of Iran's oil production and ship traffic through the Strait of Hormuz.

The Federal Reserve Chairman, Jerome Powell, announced the decision to maintain a wait and see approach on the economy and left the interest rate unchanged; Kevin has the details, offers his insights and opinion on the decision. Kevin explains how the Fed's policy to keep interest rates high, affects credit card interest rates, business loans and home loans. The Atlanta Fed reported the GDPNow forecasting model; Kevin has the information and discusses the data. The U.S. Commerce Department released single family home starts, overall housing starts and new building permits; Kevin has the details, puts the information in perspective and offers his insights. The U.S. Labor Department released the Initial Jobless Claims Report; Kevin has the details, clarifies the data, offers his insights and opinion. Oil and gas prices react to possible U.S. involvement in the Israel - Iran conflict, possible disruption in the Strait of Hormuz, EIA data on U.S. crude oil inventories and comments from Federal Reserve Chairman Jerome Powell.

The U.S. Commerce Department released the May Retail Sales Report; Kevin discusses the details and offers his insights. President Trump accomplished something no other President has ever done and he just did it again; Kevin reveals the details. GM's quickest sports car ever built; Kevin discusses this. President Trump and U.K. Prime Minster Starmer reached a trade agreement; Kevin explains, reviews the details and offers his insights. Estes Express Lines announced that they are increasing its terminal capacity; Kevin has the details and the cities involved. Oil and gas prices react to the International Energy Agency's global oil supply forecast, geopolitical events, potential production and supply route disruptions.

The U.S. Labor Department released the Weekly Initial Jobless Claims Report; Kevin has the details, offers his insights and puts the information into historic perspective. The Producer Price Index was released yesterday; Kevin digs into the data, offers his insights and explains how this plays into future Consumer Price Index numbers. President Trump expresses his frustration with Federal Reserve Chairman, Jerome Powell; Kevin offers his opinion makes the case for an interest rate cut next week during the Federal Reserve's meeting. Kevin discusses some of the news and events affecting oil and gas prices.

The U.S. Bureau of Labor Statistics released the Consumer Price Index Report, Kevin digs into the data, discusses the details, offers his insights and puts the information into historic perspective. Progress has been made on negotiations between the U.S. and China regarding rare earth minerals and tariffs; Kevin has the details and offers his insights. Kevin discusses some of the factors affecting oil and gas prices.

The National Federation of Independent Business released their monthly Small Business Optimism Index; Kevin takes a look at the data, offers his insights and puts the information into historical perspective. The U.S. Senate Finance Committee is considering "watering down" Trump's tax promises; Kevin looks at the items and adjustments, offers his opinion, insights and how you can voice your opinion. Kevin offers an update on the tariff talks between China and the U.S. Additionally, Kevin points out how China may be trying to avoid any possible tariffs. President Trump has delayed tariffs on the European Union until July 9th. Costco posted their revenue and profit numbers and their plans regarding potential tariffs; Kevin talks about the details and offers his insights. Oil and gas prices react to U.S. and China trade talks, Saudi crude exports to China set to fall slightly, anticipated U.S. crude oil inventory data from API and EIA, new sanctions on Russia and OPEC+ output increases.

The U.S. Bureau of Labor Statistics released the May Nonfarm Payroll report; Kevin looks into the data, offers his insights and puts the report in perspective. Additionally, the Unemployment Rate and Wage Growth reports were released; Kevin has the details and offers his insights. The Commercial Vehicle Safety Alliance will now be enforcing a law suspended for nearly a decade due to an Obama-era executive order; Kevin explains and discusses the details. Oil and gas prices react to U.S. and China trade talks in London, a weaker U.S. dollar and possible increased oil production from the OPEC+ countries.

Campbell's Soup Company released a report regarding consumers' dinning habits as a sign of economic times; Kevin has the details, some thoughts on this and an opinion or two. On Wednesday the Federal Reserve released the data, on the economy, from their "Beige Book"; Kevin has the details, offers his insights and discusses the information. The U.S. Labor Department released the Weekly Jobless Claims report; Kevin sorts through the data, challenges some of the conclusions, offers his insights and offers some information not included in the report. Oil and gas prices react to President Trump and China's leader Xi Jinping agreeing to meet, face to face, on trade and tariffs during a phone call, U.S. gasoline and distillate inventories posting big weekly builds, Saudi Arabia cuts in prices for Asian crude buyers, geopolitical events and Canadian wildfires. Kevin offers his thoughts on the 81st anniversary of D-day.

ADP Research released the Private-Sector Payroll report; Kevin digs into the data, explains the information and offers his insights. The Institute for Supply Management released the Services ISM Report on Business; Kevin sorts through the data, clarifies the information and puts it into perspective. S&P Global issued their Services Purchasing Managers Index; Kevin has the details. Oil and gas prices react to larger-than-expected U. S. inventories of gasoline and diesel, unexpected drop in U.S. crude oil inventories, OPEC+ crude oil supply increases, "persistent tariff tensions" and Canadian wildfires.

The latest Atlanta Fed GDPNow growth estimate for the 2nd quarter has been released; Kevin has the details and offers his insights. Additionally, the Atlanta Fed further explained the reason for the negative growth in the 1st quarter and put it into perspective. The U.S. Commerce Department's Census Bureau reported new orders for manufactured goods: Kevin digs through the data, which sectors are up or down and offers his insights. The Institute for Supply Management's manufacturing index was released on Tuesday; Kevin discusses the data and puts the data into historic perspective. Also on Tuesday, the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey was released; Kevin discusses the data and the whether the job market is strengthening or weakening. Oil and gas prices react to Russia and Ukraine "settlement" discussions, Iran's rejection of the U.S. nuclear proposal, Canadian willdfires interrupting crude oil production and a possible interest rate cut.

The U.S. Commerce Department released the Personal Consumption Expenditures Price Index and the Core Inflation Index, the Federal Reserve's key inflation measure; Kevin has the details, discusses the data and offers his perspective. Also released on Friday, Consumer Spending and Personal Income reports; Kevin digs into the numbers and offers his perspective. A business news network commits journalism regarding Tariffs and Inflation. States are increasing fuel taxes: Kevin points out how this will affect nationwide gas price averages and energy cost inflation. Kevin has the news, geopolitical factors, wildfires and OPEC+'s crude oil production plans are affecting oil and gas prices.

Hurricane season begins on June 1st and runs through November 30th ; Kevin has the forecast/estimates of named storms and hurricanes and offers his insights. Federal Reserve Chairman Jerome Powell visited the White House for a meeting with President Trump on Thursday; Kevin has the details and offers his insights and opinion. The U.S. Bureau of Economic Analysis revised the first quarter Gross Domestic Product; Kevin has the details, revisits the factors that went into the previous estimate, puts the information into perspective. The U.S. Labor Department released the Weekly Jobless Claims; Kevin has the details and offers his perspective. The National Association of Realtors (NAR) on Thursday. released its Pending Home Sales Index: Kevin discusses the numbers and offers his perspective. Oil reacts to ongoing talks between Iran and the U.S. to rein in Iran's nuclear activities, a U.S. court blocking President Trump's tariffs, the possibility that OPEC+ could hike crude oil output, falling U.S. crude oil, gasoline and distillates inventories.

The U.S. Senate voted to block California's Clean Air Standards; Kevin has the details, why this is important to the trucking industry, the general driving public and the entire Country. Oregon and Vermont halt zero-emission truck mandates; Kevin discusses this, how these mandates came to be and offers his insights. Oil and gas prices react to OPEC+ keeping their output policy unchanged, Canadian wildfires, Chevron's Venezuelan oil curbs, Eight OPEC+ members expected to agree to output boost on Saturday.

The Conference Board's Consumer Confidence Index for May was released on Tuesday; Kevin has the details, discusses the information and offers his insights and perspective. The U.S. Commerce Department released the April Durable Goods Orders report: Kevin sorts through the data, explains the information and puts it into perspective. Americas Commercial Transportation Research Company and the Freight Transportation Research Associates Transportation Intelligence reported their respective April Class 8 Truck Orders numbers; Kevin discusses the results. Wards Intelligence reported April Class 8 Truck Sales; Kevin has the details. Oil and gas prices react to strong gasoline demand over the Memorial Day holiday, Russia's increased missile and drone attacks on Ukraine, the German Chancellor's an escalation, encouraging Ukrainian attacks deep into Russia and OPEC+'s anticipated announcement of crude oil output hike later this week.

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. 

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.