Global Trade This Week – June 21st, 2023

What’s going on in Global Trade this Week? Today Pete Mento & Doug Draper cover:
3:12 -West Coast Port Strike Averted
10:23 -Halftime
24:15 -Another Take on Generative AI
30:40 -Secretary Blinken Goes to China

  • Keenan Brugh 0:00

    You're watching global trade this week with Pete mento and Doug Draper.

    Pete Mento 0:10

    Welcome to yet another stunning, though confusing from the background episode of global trade this week. We have both of us here together, which is wonderful.

    So I'm sure I'm gonna take some crap for giving Doug so much crap about drones while he was gone.

    But I'm coming to you live from Virginia. I am. I was in DC yesterday for the i so i international overseas stability Association Awards, which were wonderful. I always feel a little uncomfortable in a room full of State Department, CIA and special forces people because I don't belong with any of them. So it was it was a lot of fun for me, but it's great to have you back, Doug. It's nice to have the the dynamic duo back together. Yeah. You know, canteens seems a lot like when you're baking using Splenda, it's okay.

    But I think we can all tell that there's a huge difference in that. That is great. Did you just come up with that top your head? Of course it did.

    Just tell you I'm the funny one. Okay. You leave that to me? Splenda. Yeah. So

    Doug Draper 1:26

    my lawyers house right now in beautiful Warrenton, Virginia. Nice. And I'm in an eight by eight cubicle, soundproof booth in Park Hill, neighborhood of Parkville in Denver, Colorado. So it's good to be back. And yeah, kudos to Keenan for, for back to back weeks not being around. So

    Pete Mento 1:49

    soundproof, real quick. Do you remember the newlywed game? Oh, yeah. Yeah. And you remember how they would isolate them in a soundproof booth? When they were interviewing? I remember that. Well, I don't know if it was real or not, you know, that could have just been behind backstage. But yes, I remember the

    show. Yeah, Tom Selleck was on that show. Arnold Schwarzenegger was on that show. They had a lot of, of, of interesting people that went on. I think of the newlywed game. No, the Not that we got sick in the match the dating when they're The Bachelor? Yeah.

    Yeah, the dating game. Yeah. Yeah. But the newlywed game. It was people trying to answer questions about their spouses. And I. I wonder how well we would do Doug. Horrible. And there's one and I can't say it. I mean, we get a little sloppy here with.

    Doug Draper 2:43

    We get a lot of latitude on on our topics. But there's one episode that is become pretty popular that I'm not going to go. Every time I hear the newlywed game, I think of that answer the band question and that answer that?

    Yeah, it's a classic is a classic. You should all watch the blooper reel, I guess is what we would call it for the dating game on YouTube. It's on there. And it's a winner. Yeah. So we have we have a duo topic this week, Doug, which is always fun for us for our first topic, and I'll let you kick that off. But big news in our world. Yeah. The big news is strike averted. Potential contract agreed upon shocker, right? It's, it's been pretty interesting. One of the things well, there's two things on this one pizza strikes, my attention is number one. Nobody knows what the terms are. And and nobody's going to talk about it or share it until everything is ratified and the troops have a chance to vote on it. So I think that's a little suspect. Right? I mean, it could go either way. Is it more favorable to one party or the other? Is it just mutual posturing, but it's interesting, there has to be some stuff leaked on it sooner or later because they said it couldn't make take months before it's it's ratified. So again, a little bit of positioning, holding back the cards in order to negotiate or play their position, even though they've technically negotiated the fact that they didn't say what it is, what the topics are, what they agreed upon, by nature says that they can manipulate the narrative to either sides.

    ability so that, that's interesting, for sure. And then the other piece that popped in was, you know, it's for the whole West Coast in in some degree, and then not just not just in LA, but I think the bigger picture and my take on this one Pete Is it just wasn't getting enough.

    notoriety or press right, and a couple of work slowdowns and nobody really paid attention, the volume and the inbound for for peak season isn't quite there. We've seen that

    In the rates, and the leverage is like, Wait, there's not enough stuff coming in for us to provide such a, a whammy. To affect our position, we better come to terms. But let's not say what those terms are. So we still have a little bit of leverage. But I think just the fact that POS purchase orders for the for q4 and the holiday season aren't what they are, there's a lot of stuff from last year still in warehouses that they kind of realized that nobody's gonna pay attention to the song that they're singing to the level that they want it to. So let's just wrap this thing up and, and go from there. So anyway, that's my take on it.

    Pete Mento 5:38

    I've had a really good time reading what, what little limited detail has come out so far. And all that is rumors, you know, so there's the first big, big piece of it was that they were asking for a 100% pay increase.

    So they were they were asking for 100% pay increase based on the amount of work that they did during the pandemic, that I believe they lost 12 people died during the course of the COVID pandemic. No, they didn't say if it was from COVID. But still, you know, while while the rest of the world was falling apart, the ports continue to operate. So they deserve some type of comeuppance for that that was the first. And then when you compare it to other recent union, contracts that have been signed, the

    a lot of the increase were 34% 38%. And how they broke it down over a year or two. There's a lot of speculation that they got a 50% pay increase. So I'll be very interested to see if that's exactly what happened. And then it will come over two year or three year period. There's also this massive hero's bonus, which I'm sure you've read about.

    I think it was $70 million. That was going to be a one time payment that was going to go to the entire union. And I don't know how they'll tear it out. But everyone's going to get a piece of that for working during, during COVID. No information about automation, no information about how much they're going to give her get it is is a mystery, my friend. But but they came to some terms and took a lot of crap on LinkedIn last week, which is normal for me, Doug.

    I tend to say the things that people don't want to say and I certainly did it this time when

    I said everyone's complaining about how much money the longshoreman got out of the negotiation. And first of all, you know,

    do you leave a lot of money on the table when you negotiate your compensation? And then second of all, I felt that we should be commending ownership and the union because we did not have a real strike. I mean, it was over a year, I think about a year right. And we never had a strike. We had some we had some suppose it a legend slowdowns? You know, there was some silliness that went on. But overall, they managed to make it through without causing some collapse of the supply chain, which I think we should give them credit for particularly Doug, as you've mentioned before, we're looking down the barrel of a UPS strike. And I don't know, they were voting on it. I haven't read what came out of that vote. But apparently they're willing to strike that's going to really hit close to home. So when he's literally close to your home, everybody who's watching. It's just fascinating to watch them. Yeah. As it always is. So yeah, it'll be interesting. I think the fact that it's under wraps, nobody knows what's going on. It'll, it'll be interesting. But yeah, it's almost like reparations, right for time served during the pandemic, which is valid, right? I mean, if people just take a step back and say, transportation in general logistics supply chain, you can't virtually ship a package, you can't virtually move a boat across the water, right. And so the fact that all of those modes, people

    Doug Draper 9:00

    stayed in it just like you and I did

    during the pandemic, it speaks volumes, so I'm cool with it. I'm good with it. There's a lot of things that were done. Well, and yeah, so give them some reparations. $70 million worth, and we'll see. We'll see who's whose back pockets that ends up in.

    Pete Mento 9:20

    Not ours. Unfortunately.

    Some of the comments on LinkedIn, Doug, were just astonishing. People that I have a lot of respect for, that just went after the Longshoreman's union. I mean, as soon as the news was out, and they were speculating, you know, what news The news is that they've come to an agreement on what to vote for it and now the rank and file will vote on it. So yeah, we're pretty sure they got a lot of money Yes, the struggle on longer than it needed to but they're facing some some interesting threats about the addition of automation, just exactly how much more or less people are going to be engaged in the discharging and loading of vessels and how much

    automate automation is going to be put in there autonomous vehicles, robotics, artificial intelligence, you know, all that, over the next three to five years, that's going to have a significant impact on maritime operations. So they wanted to get themselves in a position where they were going to be okay. And

    hopefully both sides walk away feeling a little bit irritated. But yeah, that's that's sign of a good deal. Yeah.

    Doug Draper 10:23

    Well, since we tag team, that one, we immediately go into halftime here. And then we'll finish our other topics afterwards. And as everybody knows, the show is put together and supported by CAP logistics. We got Kenan wouldn't be here, he wouldn't be able to fill in and the show would not happen without their support. And we appreciate that. So cap logistics.com. Go check them out. So halftime, I like yours, Pete. So I'll let you rip with it. It's got a

    I don't even know how to describe it. But let it rip. I like yours.

    Pete Mento 10:56

    We have been told by whistleblowers, and now it's multiple whistleblowers, who are all this is why halftime can be fun because this this has nothing to do with logistics. We have we've been told by multiple whistleblowers, some of them under oath, some of them who claim to have caches of evidence that the that the world as a whole has been recovering UFOs.

    And not only that, but that the United States has recovered and maintains the custody of over 12 of them.

    And we're not all obsessed about this. Can I talk a little bit about this. But I watch a lot of news, and I listen to a lot of news. So when I'm in the car, when I'm working out when I'm in the shower, I have I have some kind of data going streaming into my head. This is not the predominant conversation amongst mankind. So either we're just like, No, of course we do. Know, Nixon was a scumbag. Oh, really? Yeah. Yeah, of course, he was like this should be a shock to no one.

    Or we're just so inundated with other types of information that this just doesn't seem to.

    I spent my whole life hoping this was true. And I want to believe, and now we have an evidence. And there's all kinds of cover up information that's being alleged. And how is this not the single largest topic that everyone is talking about? No, no, we're talking about presidents and former presidents and, and reality stars and how much this was getting paid at least twitch and I mean, this is NEWS, that is not news. If we can know for certain that man is not alone, and that we have alien technology sitting in a hangar someplace. Well, I think we probably want to talk about that.

    I don't know, Doug, it just eludes me how this has not become the most important topic on the planet. Yeah. Well, I heard somebody when I was in Fresno don't know the last week or the week before.

    Doug Draper 13:05

    Yeah, there people were saying that interviewed on. I think it was Fox News that said, if this is true, this is literally the biggest headline in the history of the world, right? Maybe a little overdramatic, but there's some truth in that comment. My whole take on it is, alright, whistleblower, why don't you drop something like, Give us something tangible? Right? If there is something there, you can put your hands on, you know, open the gate and let us see it. Right. So I'm, I don't know. And then the other piece is, it just kind of gets swept under the rug, it was kind of like the shiny object for about three days, and then it just kind of went away. So when people say that, put on your tinfoil hat and say it's a cover up. And I will use these a vise both tinfoil hats, Doug. You know, when you when you answer my questions like this, you know, when you take this, when you take the spoiler angle on everything fun and exciting. I just want to ask you like, you know, at what point did Joy die for you, Doug? like at what point did did excitement and happiness and wonder die for Doug, you know, how are you the most pragmatic human being on planet Earth? I mean, it's interesting at all, but

    Pete Mento 14:16

    I don't know, I guess, as we get older, it's just part of the Get off my yard things that I'm the same age, bro. And I'll tell you like you are the first person to be like, I'm not excited about my lawn.

    I mean, this is to me, this is incredible. Everyone's talking about this mini sub right now, you know, and knowing enough about the maritime industry, I can tell you that. There are people in dire straits at sea every day that get absolutely no attention. I think it's because this captures the imagination. It's got all the different elements of it. How was that on? Endless rotation on the news in this season? I'll tell you why. Because of people like you, that's why we'll enjoy no joy

    Doug Draper 14:59

    you know, there's all kinds

    As the videos I don't remember all the names of the people that are on there, but you know, unregulated we're pivoting here but unregulated. There's a picture a 32nd video about the founder and the CEO. He reaches behind him and literally pushes like, oh, this thing has one button, and it turns green, and then he pulls up a joystick. And he says, This is how we operate it. I mean, it's just,

    it's like, I can't understand that. It's a horrible situation for sure. Absolutely horrible.

    Pete Mento 15:32

    But, yeah, it's the shiny object for the week. I've been on a lot of real hunks of crap. On the water, everything from cargo ships, it just like, you know, you and your buddy are gonna go sailing. And if you stop to think about how this boat is held together, basically with hope, you know, you would never be out on that sailboat. But but here these people like oh, it's a billion dollars. You made this square, like in a garage someplace like he was once your buddies. Sure. Let's go the bottom of the ocean at all. I'll pack a lunch. What do you say? I mean, I'm pretty. I'm pretty adventurous. I like to think I would love to go to space. I've done some crazy things, man. You couldn't? I don't say no, no, I you can tell me that the aliens are down on the Titanic that I'm not getting that thing. Yeah, you know what? That's what we use drones. I think you and I finally agree on something that's this is a place for drones? Would it make more? As long as it's not delivering packages down there? I guess I could buy into that a little bit. How mad are you going to be when it turns out that that alien societies have been delivering things through drones and automation for centuries? And you're

    gonna get so angry?

    Doug Draper 16:41

    Well, hey, my halftime, we can give a shout out to our good friend, Mr. Mark Saxelby, who brought this to my attention about a week ago. It just finished up it was this past Monday and Tuesday, you and I are doing the show on a Wednesday, this week. But it's it was referred to as the mushroom Summit and the psychedelics of science are basically a two day trade show for lack of a better term here in Denver. That talks about silos Silvan that's the right way to pronounce it. Psilocybin. Psilocybin. What I say silo Sylvan. I don't know, psilocybin. That's how much I'm engaged with this. MD, mh, MDMA all these different things?

    Why No, I'm surprised it's not more, but you're just over there, like the toolkit about distributed DMM DMD AK, we're gonna change the name of the show to two old men talking about nothing. That's what we're changing the name to. Yeah, and we'll just have to make sure we're on a balcony yelling people down on a stage. But But anyway, it was it reminded me back to the the wheat industry. So it is legal in Denver, right? for medical purposes, one of like two places in the country, that that it is legal for medical usage. But it reminded me back when we became legal in Colorado, and the amount of people in business opportunities that flooded to Colorado, and people like you and I on the onset could get into it. And then it became commercialized, and big money came into it. And I think you and I have spoken at some other halftime that on unless you're well capitalized and have a business acumen, the opportunity to make money in the weed industry is completely gone. You made mention of that, I think two weeks ago on the halftime

    The difference with this one is that that is the roadmap that was developed. And so now Yahoo's like you and I tried to come in and make a quick buck on this is non existent, it's already corporate, it's already money in there. And, you know, it's just like,

    commercial real estate development, right? You and I buy a house to flip and make 50 grand doesn't exist anymore, you have to be a big corporation that comes in and buys a block of houses to turn it into condos. So it sounds cool. But as far as the commercial aspect, and people making money on this, it's already been commercialized, and we've missed the boat.

    But you know what, it's, it's interesting. The one piece that this headline said, what it was the largest gathering and history of this type of

    gathering. And I'm like, You know what, I think the largest gathering was the Grateful Dead show. That was a golden gate. Park back in 1994. There was more than 9000 people there. And trust me, they were playing around with their mushrooms and psychedelics. So I will challenge that comment on that news article and say, really the largest gathering in history is the Grateful Dead concert back in 1994. Yeah, I've been to some dead shows where I'm pretty sure that everyone knows

    Pete Mento 20:00

    I'm including the band of the cops. We're all in mushrooms. So I don't screw the hair this this has, ever since Mark sent it to us. And Mark loves it. We talked about the show Mark, Mark, Mark, Mark Mark, he sent this to us I, unfortunately, I opened it. And now Google sends me crap about it all the time. And it's on my Twitter all the time. So there's pieces of it that I love, like Aaron Rodgers is speaking at it. Yes, Aaron Rodgers is coming to talk about mushrooms, like the NFL doesn't have a problem with that.

    Other people are, are coming to talk about the psychological positive, alleged positive psychological effects of taking psilocybin. And there's there's two two things I wanted to make sure I mentioned. The first is what I just said, the pharmaceutical effects of psilocybin, this, it's only a matter of time, before the federal government says this is too dangerous. We can't have just, you know, the Pete and his buddies in their Hawaiian shirts, you know, growing mushrooms in their backyard, we have to find a way because this is So the mind is so delicate. Federal Governments can be the only people that can sell this stuff, and it's going to come in a pill and it's not art, it's not going to be in mushrooms. And that is going to cause rioting in the streets amongst hippies. And then the second thing about this that drives me crazy is weed, marijuana, cannabis, whatever you want to call it, in its current modern form, is so incredibly strong. It's so cultivated, there's an entire agriscience business that's been developed behind it, that is incredibly high technology, the supply chains that are associated with it, all of the inputs that go into making it very, very well. It is difficult to compete at scale, with people who want to sell you great weed, next great weed like outrageously strong weed, you and I could start growing mushrooms in my backyard. Now. It requires no high end genetic science, it requires no real cultivation skills.

    And people have been doing it at least since I've been alive, you know, in cow pastures. It's something that

    is not difficult to do for yourself. And one of the big reasons when we talked about the wheat industry, and particularly its fall down where supply chain was such a promoter of it, probably 510 years ago, is that, you know, in this particular instance, there is no supply chain.

    There is no, it's just like growing mushrooms at the grocery store. So I'm looking, I'm looking forward to fully understanding how corporations are going to turn this into something that we just can't compete with. And it's only a matter of time. Yeah, yeah, I think their demographic and their target market is smaller than then the wheat industry was. So it'll be interesting.

    The last thing I'll say about this before we move on, because this topic, I have someone very dear to me, who went through ketamine treatments for, for depression. And it was

    it was like a light switch turned on the complete change in the positive change their personality. And that's not something I'm recommending for people. I'm just saying that I've I've witnessed the use of psychedelics to help people with with dealing with their own mental trauma. And whether it's people coming back from war, whether it's people that have gone through intense physical and sexual trauma, it's been shown to be very effective in helping people to reconnect that pathway and find some sort of positiveness. And

    I just imagine Keenan right now is, you know, sitting in the lotus position, loincloth, listening to us, like all these old men don't even know what they're talking about, man. You know, I meditate and I can probably get more than any of these idiots would get with all their drugs, you know, and he's just sitting there. Chewing granola, listening to fish records.

    Doug Draper 24:02

    Anyway, anyway, that's it for halftime. And this show is always brought to you by good friends at CAP logistics, learn more about them and their solutions. Check them out at cap logistics.com. Next, next talk, yeah, well, this one's gonna ruffle some feathers. After all, the hype and the craziness of chat GPT and generative AI, I've come to the conclusion that we're still a long ways out, right. And people like you and I, who are writing press releases or blog posts on LinkedIn. I certainly have done it, where you go on there and you type in a prompt and it gives you some pretty knowledgeable stuff, right? But I liken it to whenever this how many years ago, it was a fart app that came out. That was absolutely hilarious.

    And my kids and I played with it and it was the best thing right

    Pete Mento 25:00

    Oh,

    Doug Draper 25:01

    it's this new thing, and people are getting hyped on it. And here's, you know, here's, here's the two things. Pete. So it's got a lot of attention. There is application.

    But for our industry, I think it's, it's a ways out, because the two things one, it's based on set dates of information, right? The world moves very fast into S.

    Generative AI, what happened yesterday? And how they should or how we should move or pivot based on the here and the now it doesn't exist? Well, it exists several years out. Yes, I'm sure it will, will happen faster than I'm talking about it possibly. Right. But everything is based on facts, not what's happening now. Right. So it's almost like a modern day version of an encyclopedia. Right? This is my opinion. And a lot of it's not 100% accurate. I think if you've gone through there, and there's plenty of examples of, hey, I asked this question, and it wasn't 100% accurate, or it embellished on something.

    So those are the two things that I think are really going to hinder it. And specific to our industry. Pete, I was thinking about this. So if you have a routing right now, and your client says I have to get this, what's the fastest way to get it from Shanghai, to Denver, Colorado? Well, generative AI will tell you what the best routing is supposed to be. But it may not take into consideration all the factors that are happening right now. Whether

    the potential port strike, what's going on in the rail?

    What's what's changed with like hours of service and things of that nature, things that are in the moment. So the routing, may tell you the best one that you could read about in a book, or an encyclopedia, but it doesn't take into consideration what's happening in the last 48 hours, or what could potentially happen in the next two weeks. That would limit its ability to provide good data for you to make the right decisions. Now a book related to tariffs where you need to classify a commodity. Yeah, those don't change very often, they're pretty static, you can plug it into a formula, and it spits something out. So I think there's application there, but for improved routing, and things that need information that's happening right here. And now, it's still a ways out. So I'm gonna equate it a little bit to the fart app that I had a lot of fun with, maybe three years ago, but let's just calm down, hold our horses, and let this thing evolve in our industry.

    Pete Mento 27:37

    So I'm trying to decide how to respond to this. And I knew it I knew.

    No, no, I don't necessarily disagree with everything you said, though. There are parts of it I do deeply agree with. So the first being that artificial intelligence, particularly Chet GPT, was it mostly does is gather existing information. And it tries very hard in its current state, to, you know, squeeze it as hard as it can gather the data that comes out of it, and then use what's useful in a way that's easily consumable. And when you look at the way that it's being applied, if you if you haven't used, I think it's Orbitz or Expedia, one of them, you can actually use chat GPT to help you figure out and I've done it, and it was, it was a very different experience. For many of the chat bots that I'd used in the past, it flowed in a way, it was much more intuitive. It's just because it has access to more information. But I've also seen people asked chat GPT to write, to write down a couple of paragraphs about a very complicated trade process. And it was woefully inadequate and what came out of it, because he's just not quite there yet. So I see on the surface, exactly what you're saying. So I don't want this to come out as you're wrong. You know, I'm not doing that here. You get carried away now there's no but there's no but someone who, whose opinion about this I you know, it's

    artificial intelligence software engineer. The way he makes describe to me was, what was the first hammer Pete? And I said that, I don't know, probably a rock. He said, Well, it was probably the human fist. So when you had to, you know, break something into your using your body, and then some caveman figured out, you could take a rock and he could break things with the rock. I said, Okay, we're just going, let's just stick with me. Okay. And then you go from a rock to a hammer that used to break people's skulls to the hammer that we we build houses with to the hammer that turns into a nail gun. He says, we're looking somewhere between the rock and the first, you know, bronze hammer right now, what we see because we're consumers of artificial intelligence and that artificial intelligence scientists, we're seeing what's what's out there. We're seeing what's being used. We're seeing what we can understand with artificial intelligence and things like chat GPT can do is

    So far beyond our understanding, Doug, that, that it's the changes that will happen over the course of the next few decades, let alone the century. That's where, you know, the joy of all this will come out. I remember my grandfather saying the internet is stupid. I'll just read a paper.

    And that's kind of how I feel when when I begin to get a little bit more of a curmudgeon about this technology is etc. Remember that? One turns into the other? Yeah, well released the UFOs. And I think we'll be on a better playing field, they're still waiting to get the technology, Doug. Yeah. All right. I know you're on a tight schedule, buddy. So my last topic here is

    blinkin, our Secretary went over to China had a great, apparently very productive number of meetings over there. And they focused on a lot of things, not the least of which was the use of artificial intelligence, and what we're just talking about an automation and again, machine engineering and machine learning, with regards to warfare, and the United States very much wants to not put a rules on that the rest of the world wants very much for us to put rules on that because we lead the world and all of it. So they're very worried about us, creating, you know, robot armies, like in Star Wars Episode One, I guess, I don't know. So lots of fear there. But a lot of good talks about everything from our stance on Taiwan, what we're going to do with the economy, where we see trade going with these two countries, it was a very productive, open dialogue, where we collaborated on a lot of big global issues, you can already see the world sort of signed a little bit of a relief, you know, because ultimately, what the world wants is China and the United States to find some degree of cooperation. There's a small group of hardliners in Beijing,

    who really want to see conflict to the point of a hot war with the United States. But overall, it's the very, very powerfully wealthy members of the party, who are becoming billionaires and don't want to see that end. So it's just like the mob buddy. You know, war is bad for business. You see on your side of the street, I'll stay on mine don't run my numbers, I won't run your numbers. What this meeting last week showed was, is that when the two most powerful mob bosses have a sit down, what normally comes out as peace, but normally comes out as peace. And there's no issue apparently not even Taiwan, that we're not willing to stand down on, if it's going to mean more economic prosperity for both countries.

    Doug Draper 32:29

    Yeah, it's a little bit, my take on this whole thing is it's like mixed signals, right? It's like, whenever you are separate, when you are on

    an app, you can get pretty aggressive and really express your mind because you're anonymous, you're behind

    the curtain, so to speak, and you can get pretty bold. But when you sit face to face, and you have the human interaction, things kind of calmed down a little bit. So I know it's some mixed messages, it makes it confusing on what the real position is.

    And I'm interested to see how is this conversation any different than the last three that made a lot of noise? You know, like, show me the transcript of the topics that they covered, and you could probably overlay them, and it would be exactly the same. So it's a little bit of a press hustle, I think from both sides, both sides, not just the US. But it's it's confusing to say, Well, does that mean we're friends question mark? Or do we still need to have a hard line on things? So the mixed messages is kind of confusing. And I think it's more dialogue of the same thing that that has been on the agenda item, the last three instances, this has happened.

    Pete Mento 33:42

    Good diplomacy takes time to you know, that's why you can't rush it. That's what people always tell me. I don't know what the hell I'm talking about. Listen to them. So you know, hopefully, it will take time to get us there at some point. And I do believe that we're, we're working toward that. As far as you know, what both sides want and the hardliners and all the rest of it.

    Doug Draper 34:05

    You and I have no many people in China, we always say this, you know, regular business people that we just want to make money. That's really all it comes down to. And I think I think ultimately they'll find a way to find a way to make this work. And I I still I still really believe that people need to cooperate if we want to get this thing where it needs to be. Yeah, yeah, good points. Good way to end the show. We've gone full circle on this show. If you just take a transcript as the topics and the dartboard that we've thrown out there. It's been it's been a good show. So I want to thank all of our listeners for engaging with us. We're a little off the handle a little bit. We did not have a cast, but need to update so I'll make sure that happens next week.

    But Pete, as always, I'm glad you could join us from your lawyer's house. I think there's more to that story than you're letting on. And we said We're suing people just left and right just throwing suits out all over the place. That's right. So but anyway, great episode. I really apprec

    Pete Mento 35:00

    shad you doing this every week with me, Pete and I thank our listeners for engaging, comment, make some feedback if you don't like what we have to say, let us know. We appreciate your feedback. Even keyboard warriors, you know, like Doug was talking about. Mark can tell you a funny story about that to Doug when somebody who have been talking a lot of smack to me on LinkedIn had to be face to face at Denver World Trade day and we're not ready for that.

    Doug Draper 35:25

    Like that keyboard warriors. Anyway, Cap logistics, thank you for this platform. We always appreciate it. And I think that's it. We'll wrap this one up. Have a great week. Okay. You too, buddy. See? All right. Take care guys.

    Transcribed by https://otter.ai