IHeartMedia Aviation Expert Jay Ratliff talks about the week in aviation

trade this is what you do. Day trade fun. You can find Jay Ratliffe and learn his teaching methodologies if you so choose. It's obviously worked out quite well for Jay. But your reaction to the market just blowing up yesterday, and I and I just tell you, I am not a market analyst. I don't play one on radio, and I don't profess to know a whole lot about it.

I think one of the reasons the market performed so well yesterday was because Trump won not just the electoral college, but an overwhelming margin in the popular vote, thus suggesting that there was going to be a smooth error transition. This wasn't going to be a dangling chad, or a lot of litigation, kind of wait around and find out what the outcome is over a course of weeks. Your reaction or thoughts on that, Yeah, I.

I mean it was it was world news from like ten o'clock at night till one or two o'clock in the morning. How the Dow futures were down ten fifteen percent. It was going to be the worst ever. My gosh, the world's coming to an end because somehow Donald Trump got elected as president. And by that morning at seven o'clock, the Dow futures were only down two one hundred and forty points, and in that first day of trading it

actually ended up two hundred and fifty points. It was the most unbelievable twelve hours of market reaction I'd ever seen, and that was because the market's understood, wait a minute, this is a businessman that's taking over as commander in chief. He has an understanding of business related issues and that's going to help businesses across the country. So it was obvious what he did during those four years. So now that he's been reelected, the thought process is okay, he's

going to make all of that happen again. This is a man that understands that you can light the fuse to this economy in such a way that it can help solve a lot of the ailmentths that we have with regards to, you know, things that are ongoing within this economy. And for a lot of people who did not vote for him that are trashing him on Facebook,

people that are in the service industry. Brian, I am certain that these men and women of principle will give back every bit of tax says they do not have to pay on overtime and or tips because there's no way to accept that money because it comes from Trump. Do you do you think I'm correct there that these principled men and women will stand on those principles saying I'm not gonna accept this money because it comes from President Trump.

we'll probably some are looking for a half point. I think it probably a quarter point, but whatever it is, the FED really has a challenge now because when Donald Trump ignites this economy, and he's going to do that just like JFK did when he reduced taxes and did things to stimulate small businesses all those years ago, the FED is gonna have our time adjusting because they're gonna have to. They're gonna have to keep up with what's

about to happen. And I am very very excited, a because we didn't go the far far far far far radical left, but more so because now as a business type of country that we have, men and women that want to start their own business can do so easier. People that want to enjoy the benefits of owning a small business can And even though a lot of times people say it's all tax cuts to the billionaires, no,

it's not. It's a matter of allowing men and women who are hardworking that are trying to create a better life for themselves to create something through a small business. Yeah. I like to teach people how to trade stocks, but there's some people that want to start a small business doing all kinds of things. Brian, that's going to be easier now, and that's going to be something that's going to benefit this country in ways that could extend for the next decade.

I think that that's like, that's like extra knowledge and information and knowledge base to tap into little benefit everybody as well.

work together. And I tell you Donald Trump is very smart. His ego obviously is out of check in a lot of ways, but he is not afraid to have people around him that are smarter than he is. Now whether or not he abides by that advice or not has yet to be seen, but he's proven that he's done that in the past, and I'm very excited to see what's going to happen here because there's a lot of people in politics that get very threatened on both sides of the aisle when people who know more than they

do offer an opinion. I don't think that's going to be the case here, because look, Donald Trump can take people at a roast, making jokes at him in front of his face. He'll laugh it off because he's he's able to do that. It's unfortunate that, you know, Harris decided not to be at that particular dinner that they had for charity in Washington, DC. Because I think that that reflects the type of leadership that we need, because look, bringing all the smart people you can, because we've got

some challenges. You and I've talked about this national debt that goes up at trillion dollars every hundred days. Donald Trump in his first administration, let that national debt get out check. He's got to make sure that problem isn't repeated this time because right now the national debt and trying to fix social Security is going to be a big issue. But you know what I'm excited about. He's going to be our president during the two hundred and fiftieth birthday of this country.

And I did not know about that one, but I will look that one up. That's great to see.

so called customer service. Thank you for that. But when it became clear, Brian that Trump was going to be our next president, airline stocks took off because, in part, investors saw a future where the airline industry would be under less scrutiny, uh uh, pressure, less oversight perhaps, And to me, obviously that's not a good thing, because finally the airline industry has been forced to adopt some customer

service measures that before they would. They went kicking and screaming, dragging in that direction, and the Biden administration says, look, you're going to treat customers this way, or you're going to face some serious penalties. And they recognized a few years ago they really meant business and airlines had to do it. So when I saw airline stocks taking off yesterday, and I love seeing stocks go up, I thought, uh oh.

And when I started digging into why, that was one of the driving factors, and I thought, good lord, no, I don't want to take a step back here. But Donald Trump as a business owner, his first time around, he was very accommodating to the airline industry. And Boeing is one of the entities here that needs more oversight than anybody. They've got fifteen billion dollars in defense contracts, So a lax environment is the last thing I want airlines or Boeing to be a part of.

of business. And that model alone just apparently isn't sufficient enough for Boeing, even though they're flying people and our lives depend upon the quality of their products.

pick up because I like what they're doing. There's very little competition, and Airbus has like nine thousand plus back orders of airplanes, so it's not like they can jump in and say, hey, we'll take all this Boeing business from people that are ticked off at Boeing, because they can't.

So if you're like Southwest and some of these other airlines, you're married to Boeing because that's the bulk of your fleet, you just have to hope that they're going to turn things around and maybe give you a nice, healthy discount on future orders, those kinds of things. But it's the NTSB just released their six hundred page report on that last Airlines flight twelve eighty one where the door plug went out, six hundred pages. These guys are the all stars.

These men and women are the NTSB that after every accident near accident, they go to the FAA saying, here's our twenty thirty or forty recommendations from this incident on how we can make aviation safer. Now, normally the FAAI look at that, go yawn and skip it. Sometimes they'll take one or two of those and implement those ideas. But these are the men and women. That's the reason that we have the safest there ever of commercial jet

travel now. But one of the things that they indicated in this six hundred page report was how the lack of proper oversight of Boeing and the suppliers of Boeing contributed to that situation. And Brian, how many planes have you and I've been on that had been full that have had an empty window seat? Very few. I'm in a middle seat and I look over and in this road there's an empty middle and window seat. I'm like, ding ding ding, flight attendant, please, may I move? May

I move? Nobody did on that flight. And that's the one where the door blew out. Had somebody been sitting at that window or middle seat, they'd have been gone because it was that is a decompression so bad that it blew the secured cockpit door wide open and everything went flying in the cockpit. So you're talking about a horrific situation. And again because a lack of oversight, and we cannot allow bowing off the hook.

that's what helps the pilots to fly the rudder control system. Yes, you may notice some missing or untightened hardware. In other words, there's missing bolts and unsecured hardware where things haven't been tightened on some of the rudder control systems. This was the last two weeks of December, and I got that thinking, oh my god, what And then of course it was like here we go again, the same crap that we had with the Boeing Max problems where they were rushing

airplanes through lack of oversight. All we promised to do better five years ago, No we're not. We're going to do the same stuff over and over. That memo scared me to death. And I spent the first couple of weeks at the beginning of this year talking about how this is a concern, and I was on Boom there goes the door plug on a door that didn't even have some of the bolts even threaded, let alone titaned. So you know, Boeing has got to get to the

point where they're going to really be held accountable. But there's no place for any airline to go to that is an alternative to Boeing, because that industry is just not competitive enough for us to do anything. Now, it's one thing here in the United States to say there's some competition. Yes, thank God for the low cost carriers, because that's why we have the lowest fairs ever in the history of aviation. In fact, someone sent me last week a copy of a nineteen sixty two airline ticket

from the West Coast to Saint Louis and back. It was one hundred and I think eighteen dollars round trip, and in today's dollars that would be twelve hundred and forty two dollars. So the thought is, wait a minute, in nineteen sixty two dollars, it would cost you to go from the West Coast to Saint Louis and back. Twelve hundred dollars is the cheapest coach fair. We now can do that for three hundred, two hundred dollars something like that. So you know, it's a very cheap way

to fly or to be transported these days. But the problem is these airlines have got to be held accountable. And I tell you I've got some real concerns moving forward. I hope they're unfounded. But one of the things that I can hope for is that Boeing will be given the proper you know, oversight, because remember when we had the Boeing Max issues all those years ago, airlines around the world were grounding those airplanes because we didn't know

what was happening. We had aviation analysts in this country coast to coast, big names that are a lot smarter than I am, that were saying, oh, these planes are okay, blah blah. And I was on every national show I could be on, including Fox, for two weeks screaming against those airplanes had to be grounded simply because we did not know what was going on. The FAA did not ground those airplanes. The airlines that flew those Boeing Max

Airplanes American United Southwest refused to do so. It took President Trump to step in and say ground those airplanes, and thank god he did. But far too often the airlines tell the government what they're going to do, not the other way around. And I don't want to go back to that.