The Meyers Report 6-6-2025 Fast 15
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00:00What extent do you think would better forest management help in
00:03limiting the effect of these fires or can that do anything?
00:12Welcome to the Myers Report Friday Fast 15. It is June 6, 2025. Anybody aware that today is the
00:2281st anniversary of the D-Day invasion. Let us thank God for what the greatest generation did for us
00:30and the rest of the world. Elsewhere, the Ukraine attacked Russia's bomber fleet and then attacked
00:38the land bridge linking Russia with Ukraine. It seems that these efforts do not promote a
00:47ceasefire settlement, anything at all. Perhaps Zelensky is not really interested in stopping
00:53the war. On November 11th of last year, we had forecast that the settlement would be have occurred
01:02by March 31st of this year. And this was based on our own internal, our own people over there.
01:12Zelensky met with President Trump in the Oval Office. The purpose was to sign a minerals
01:21agreement. I think that was on February 28th. The deal would have helped develop the industry
01:29in Ukraine, would have gotten some money back for us, and would give the U.S. an economic interest
01:35in protecting Ukraine and our economic interest over there. However, hours before the White House
01:42meeting, Zelensky met with top U.S. Democrats who got him to dump on President Trump and dump on the
01:51deal which he had already agreed to. This was the first step in the deal, and our sources indicated
01:59that Putin was ready to have it happen so that the war could have and should have been ended,
02:04or at least the ceasefire. Well, here we are. Zelensky is poking the Russian bear
02:10in what could degrade and get even nastier. Russia is having to strike back. They will have to strike
02:18back. Hopefully the response will not be great enough to prevent a peace process, and certainly,
02:26hopefully it will not be enough to create a World War III. Gary, the Myers prediction was that we
02:34would not have World War III. That's true. That would be terrible if we get that prediction wrong.
02:40No kidding. Yeah, the serious problem is that the reason the planes were out in the open is the same
02:48reason our planes are out in the open, so that they could be monitored. So when we get an advance warning,
02:54if there were ever some sort of movement by these bombers, either here in the United States or in
03:00Russia, now what's going to happen is, apparently, both we and the Russians are going to be covering
03:07these planes. So there won't be that agreement that there would be an advance warning.
03:13All right, that makes perfect sense.
03:15Yeah. So it could create more problems than it solves.
03:20Here's an interview of the Russian planes.
03:27And this is also where they...
03:35This is also where they hit. So they were going deep into Russia.
03:39This is really poking the bear.
03:42Anyway, Don, in terms of drone strikes, how significant is the weather?
03:53Well, it's just like aircraft. I mean, it's just a drone's an aircraft. And so it's extremely
03:59sensitive a drone is to the weather conditions. But probably more so due to their size and the fact
04:06that they are affected by precipitation, humidity, and especially the wind. It does take some precision
04:15type of weather forecasting to be able to make forecasts in an attack. You have to take into
04:22account the weather before you do a drone strike. Now, that's true with a normal airstrike, but
04:28probably more so with drones.
04:30Where do you think that they're getting their... Would you care to hazard a guess where they're
04:34getting their weather information from?
04:36Well, you know, weather information now is more accessible than it's ever been. But you have
04:42to wonder, as well as that attack was planned and carried out and the weather was there, they
04:49probably had some high-level professional help. Where it came from, I don't know. Wasn't me.
04:54Don, I do have a selfish question here. We're in the Midwest, and we're still getting all this soot
05:01coming down from Canada as a result of the fires. I mean, the days are cloudy. The air is filled with
05:10some of these particles from the flames. I normally don't have any allergies. I hadn't had them since I
05:16was a kid. But with this air, I've got my nostrils running and everything else. How much longer is this
05:24likely to L.S.?
05:25Well, you know, there's two factors here. One is you need the weather to put the fires out,
05:31number one, or calm them down, and change the winds aloft. Unfortunately, the winds aloft
05:37for probably through the middle of next week are going to continue to favor smoke coming into the
05:42Great Lakes in the upper Midwest, the Midwest. Now, the weather up in Canada is going to start to get
05:48better in terms of being able to get a better chance of shower and thunderstorm activity up
05:54there to help with the fires. But it's probably not until late next week or next weekend before
06:00the weather patterns shift to take that smoke out of the area.
06:03To what extent do you think would better forest management help in limiting the effect of these
06:08fires? Or can that do anything? No, it can. Canada is suffering the same problems that the United
06:15States went through in forest management and just bad forest management and just bad policy,
06:20a lot of stuff that scientifically was wrong. And Canada is no exception. Canada also went through
06:27some pine beetle infestation back in the 90s. It killed a lot of trees. There's just a lot of
06:33fuel. It's the same thing that happens when you have California fires when fuels build up.
06:39Fuel build up will eventually result in fires. And eventually, until you burn that fuel out with
06:47dead trees, you're going to have these forest fire problems. And so Canada...
06:51Would it be preventable or at least mitigated by the forest management?
06:55Mitigated. Mitigated. What happens is the fuels build up because of the lack of
07:01good forestry practices makes the fires worse, bigger and hotter. And so there's no doubt better
07:10management of the policies would certainly help. But we're as guilty as Canada is in that respect.
07:16Absolutely. Or worse. Okay.
07:18And all of this came from a false narrative of climate change. Leave the trees, let everything
07:26burn, which was absolutely a disaster. How are the weather conditions looking for us for the next
07:33couple of weeks? And also, how is it looking for weather over in Ukraine and Russia in the event
07:40that they decide that they're going to upgrade their shooting at each other?
07:44Well, you know, the the weather is going to be kind of a little bit of everything over in Eastern
07:49Europe. You know, they've been cool and wet. They're about ready to have a warmer dry period.
07:54If you want some good war weather the next seven to ten days in Eastern Europe, that's going to be
07:59the case. Now, the end of June is likely going to get cool and wet again. So Europe is starting to
08:06get into their summer pattern, but it's still spring. So if there's anything that's going to happen here
08:10in the short term, they're going to have to be dealing with spring conditions. But I do see
08:15it drying out a little bit the middle of this month that, you know, if there's going to be better
08:20weather for an operation, it would be probably next week in the ten days after the start of next week.
08:26Bob, with all this turmoil, the stock market keeps advancing. Why?
08:35Because investors are pretty much positive in terms of what's going to happen in the future.
08:40We've had a lot of setbacks in the past week or so. We had some pretty weak employment numbers earlier
08:48in the week from ADP. ADP is actually giving you numbers that are real numbers on the number of
08:57people whose payrolls they process. And it's pretty much the bulk of our whole entire labor force. So
09:04these are pretty hard numbers. What they showed was that there was only an increase of 30,000 workers.
09:11And that compares with 70,000 the previous month, which was April, and over 100,000
09:17months prior to that. So there's a big slowdown. Now, we got some more numbers this morning.
09:23And the latest Department of Labor numbers show that we've had a pretty good increase
09:29in jobs in May, totally contradicting the ADP. How good were the jobs?
09:36They're not any good. They're not good at all. We should reject them. And the reason for that is
09:42there were also revisions to the previous two months. And the revisions basically knock
09:47the previous two months numbers down almost by 100,000 workers. So the point is, there's a pattern
09:54here. The first numbers that come out show, hey, we're doing really good. And then when they revise
10:00them, they revise them down. Even more significant, there's a series the Labor Department puts out on
10:07full time jobs. And this number was down by 600,000 jobs in May, a drop of 600,000 jobs.
10:16In one month, Bob?
10:17In one month. And basically, there were no jobs created since January when you add up all the
10:22recent months. But the latest month is really a big hit to full time jobs. This is a better number.
10:29It's not revised as much. And it's a number that unfortunately, I didn't get into my report this
10:35morning because it didn't come out until after. Bob, resend the report.
10:44Resend the report. Yeah. Correction, update, whatever. Bob, is any of this seasonal?
10:56Stock market moves, is that seasonal? I don't believe there are seasonal moves to the market.
11:01I know a lot of people look at that year over year. They look at the month. If there were a
11:07seasonal move, I believe people, and if it were anything reliable, investors would take advantage
11:14of that. So I don't believe there's any seasonal factor in the market. Bob, in May, retail gasoline and
11:22diesel fuel prices were down by 0.9% respectively from April. And for the first week in June,
11:35it looks like that the gasoline prices are down 0.5% and diesel prices are down 1.4% from May. Now,
11:44granted that's only the first week in June. What did the CPI reports show this month or this week?
11:51Okay. Well, the CPI numbers for May are coming up this coming week. So we don't have them yet. We
11:57have some estimates and the estimates show that roughly about a two-tenths of a percent increase
12:05is what is expected. We won't have the big benefit from oil. As you mentioned, there was a small
12:12decline in oil prices in May. So unlike the previous two months where oil prices and gas prices were
12:20way down, in May, they were only down a very, very small amount. However, there are other factors
12:26that have been at work to really reduce some of the other components of the index. So I expect we're
12:32going to see a normal CPI report with increases of about two-tenths of a percent, which puts the
12:38inflation rate somewhere again in the two to three percent vicinity, which is where it has been. So
12:43no big change in terms of the inflation numbers when we see them on this company.
12:49Well, that's also where the Fed wants inflation, in the two to three percent.
12:52Well, if the Fed wants it down to two percent, it's two and a half percent. So it hasn't quite
12:57reached their target. As a result, they're not going to cut interest rates yet. In
13:01spite of this weakness in employment, I still expect that at the end of June, when the Fed has
13:08its meeting, they're going to keep the interest rates right where they are. And that's for two
13:13reasons. One, they want to be taken seriously about the objective of getting inflation down.
13:19There's still a lot of uncertainty as to whether the tariffs are going to raise prices. They've raised
13:25some prices, lowered other prices, but there's a lot of confusion with respect to that. But the Fed
13:30isn't going to cut rates just yet. They may do it this summer, they may do it this fall, but that
13:35will depend on additional signs of weakness in the economy. That's the only thing that I think will
13:41get them to lower the interest rates. Do you think that if inflation is in check,
13:47that the negative impact of tariffs is going to be that significant?
13:53I think the negative impact of tariffs is going to be significant so long as these tariffs last.
14:01There's a lot of disruption to the supply change. You know, the administration and politicians always
14:09talk about the visible effects. So we're seeing visible effects in terms of steel companies and
14:17aluminum companies saying, wow, if we're in America, this is going to be great for us.
14:21The invisible effects are all the people who use the steel and aluminum and now are faced with a more
14:28difficult situation because those prices in general have increased because the demand for American steel
14:35has increased tremendously. So there are disruptions that occur and no one knows just how serious they
14:42are. I tend to believe they can be very serious. And this big drop in full-time jobs may be one of the
14:49first indications that we're getting hit a little harder than many of the other numbers suggest.
14:56Well, one of the things that I know is coming up is that there is a shortage of workers. Companies
15:02that want to hire are having a difficult time. The U.S. steel and the Nippon deal apparently is going
15:09through. And one of the things that U.S. steel is doing is they're offering $50,000 bonuses for their
15:17employees to stay. And that seems to be working. With that, Don, are you optimistic about the future?
15:29Or regular? Yes. Any question? Yeah, I mean, I am. I mean, why? Well, because I think the fundamentals
15:38are still there are still there. And a lot of the policies that we're trying to put in place,
15:44I think, are the right ones. But it's like living in a reality TV show right now.
15:51That's a great analogy. That is a wonderful analogy.
15:57Robert. Yeah, bumps in the road. We're not going to avoid bumps in the road. It's just like the
16:02weather patterns. They change to go with you and they change to go against you. I think we're going
16:08to see more difficulty. I'm a little concerned about this 600,000 drop in jobs, in full-time jobs.
16:18In May, things are slowing down. Now, the good moves is when Trump, since Trump has really created
16:28some of the damage with these terrorists, he has the ability at any point in time,
16:34if he sees them creating damage, to remove this impediment to growth. And I believe that he will
16:40do it. He will do it very quickly as soon as he becomes aware of it. So I'm optimistic. Yes.
16:45I am optimistic. As I've been saying before, I see lots of progress in the battle between
16:52President Trump and we'll call it the deep state because that's in fact what it is. I see improvement
17:01in the election arena in terms of voter integrity. I see a lot of improvement. I see countries around
17:08the world starting to come into line. Trump, I believe, is having a positive impact on a lot of
17:16countries, which we will go through that in another session. But bottom line, I'm very optimistic.
17:23I want to thank everybody as usual. Stay safe, be well, and God bless America.