Transcript
Annabe (0:00)
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Clay Travis (1:05)
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Buck Sexton (1:22)
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Clay Travis (1:32)
Order today@rapidradios.com welcome back in Clay Travis Buck Sexton Show. Appreciate all of you hanging out with us. Good news on the economy this morning. If you're just joining us, 3% growth. It exceeded the expectations of the so called experts. We are nearing yet again another record high in the stock market. Second quarter wage growth also based on the evidence and data that I have seen has been outgrowing cost of goods. That is the number one. If I had to point to one economic sort of bellwether it would be is your average wage increasing more than the cost of goods? That is a sign that you end up with more money in your pocket than you used to under Biden for almost his entire time in office. That was not true under Trump. In this most recent quarter of 3% growth that is becoming true. I think it is likely to continue and that is when Covid hit to take you back into February of 2020. By basically every economic measure the country had never been stronger than it was in February of 2020 when all of that happened. So that is good news that came out. We will await further news. I believe the Fed is the Fed is announcing next hour. I think I'm right on this team. Make sure that I am correct on this. What they are going to do with interest rates, expectations are that they will not be changing anything with interest rates. But there is an expectation that there will be two interest rate cuts now priced in before the end of the year. So that would mean your mortgages, your car interest loans, your credit card debt, all theoretically would be getting somewhat cheaper from the interest rate perspective. So that is the big news I would say of the day of an economic perspective. That's where we started off the show. Encourage you to go subscribe to the podcast if you like it audio wise, you can find us, Clay Travis, Buck Sexton anywhere on the podcast universe. And if you want the video, more and more video going up on a daily basis at the YouTube channel where we are rapidly advancing, send us over 100,000 subscribers there today. You can search out my name, Clay Travis, you can search out Buck Sexton and you can find many of the clips of our discussion from a video viewing perspective there. 2:00 clock today we will on the East Coast. So about an hour from now we will hear from Jerome Powell, Fed Reserve chairman to Fed board chairman to see what he is going to do and what the Fed has voted to do. Again, expectation nothing going to change. Okay. Two other stories. We're going to dive into some in this hour. One reports and I'm going to read up on this because I haven't had time to fully read it from Fox News that Cash Patel has found documents relating to Russia collusion that they were trying to destroy, they were trying to burn, they were trying to get rid of thousands of them. We'll dive into that. I want to get bucks take maybe at the bottom of the hour off the top. I think this is really significant news and so far it has not gotten as much attention. But we all know midterms are coming up next year. A little bit over a year from now it's going to be determined who controls the House and who controls the Senate. Republicans in pretty good shape in the Senate. Senate, the House is swinging back and forth on a pin prick. A tiny Republican majority or a tiny Democrat majority. And every state out there to a large extent has gerrymandered at this point. Their state. If it's a strong red state, there is a strong bias in favor of the Republican Party when it comes to districts. If there is a strong blue state, there is a strong Democrat Party bias when it comes to districts. That is most states are not directly proportional. So if you had a state, let's say, where 60% of the vote goes red or blue, it's likely the case that more than 60% of the congressional seats are going one way or the other. Okay, Texas is in line. They don't have a legislature that is in session. Every year the legislature is in session. They are called to design new districts. And they just, in the state of Texas have released a proposed map that would increase the number of Republican districts by five. This could be hugely transformative given that five seats may well decide who ends up controlling the House or not. So this new plan would take Republicans from 25 seats expected to 30, and Democrats in Texas from 13 to 8. It is a big story. It is one that I think is going to become increasingly more important because California under Gavin Newsom is saying, well, we're going to redo all of our districts if Texas acts, even though that might be challenging legally. Trump wants to control the House. It is important that he do so. This is going to be, I think, the number one battle next year.
