WEBVTT 1 00:00:00.640 --> 00:00:05.200 Cam I AM six forty. You're listening to wake Up Call on demand on 2 00:00:05.280 --> 00:00:14.560 the iHeart Radio app. It's time for your morning wake up call. Here's 3 00:00:14.679 --> 00:00:23.000 Jason Middleton Morning everybody, Wake Up Call. We have lots of wake up 4 00:00:23.039 --> 00:00:26.600 stuff this hour. We have a lot of news this hour. Two AM 5 00:00:27.199 --> 00:00:34.119 backing the show. It's crazy driving in and we're gonna talk with Caleb Silver 6 00:00:34.200 --> 00:00:37.359 about the Wall Street situation. We're gonna talk about the FED a little bit 7 00:00:37.399 --> 00:00:42.240 today too. But we also have the Hunter Biden plea deal. We're gonna 8 00:00:42.280 --> 00:00:48.119 unpack that with a little bit of analysis with an ABC commentator. And we 9 00:00:48.200 --> 00:00:52.079 have a research into napping. Okay, And the first thing I do when 10 00:00:52.079 --> 00:00:57.520 I get in is you walk directly. You walk directly to the coffee machine. 11 00:00:57.520 --> 00:01:00.119 And I used to not drink coffee until I started this show, and 12 00:01:00.159 --> 00:01:03.280 then now I do. So I get a cap with a double tap, 13 00:01:03.359 --> 00:01:07.879 I get double espresso put in there, and that's starting to kick in. 14 00:01:07.000 --> 00:01:10.680 So let's get started with some headlines and then we're gonna talk more about that 15 00:01:10.760 --> 00:01:15.480 nap research later this hour. The House has voted to centure Democratic Burbank Congressman 16 00:01:15.519 --> 00:01:19.879 Adam Schiff. Schiff was centured yesterday following comments he made several years ago about 17 00:01:19.920 --> 00:01:25.959 investigations into former President Trump's connections with Russia. Schiff is the twenty fifth House 18 00:01:26.000 --> 00:01:30.239 lawmaker to be centured, and Chiff is of course running for Diane Feinstein's Senate 19 00:01:30.319 --> 00:01:34.560 seat, and he himself has mentioned that the censure, while not great politically 20 00:01:34.599 --> 00:01:38.120 speaking or at least on Capitol Hill, it's doing okay for the campaign fundraising. 21 00:01:40.000 --> 00:01:42.200 At least three people are dead after a tornado ripped through a tiny North 22 00:01:42.239 --> 00:01:47.920 Texas town last night. A tornado warning went out in Matador, Texas around 23 00:01:48.040 --> 00:01:52.120 five o'clock hour time. The twister damaged a dozen buildings and then prompted a 24 00:01:52.159 --> 00:01:55.719 search for people who might be trapped in the wreckage. Texas is under a 25 00:01:55.799 --> 00:01:59.959 heat dome right now as well. Also being reported today is a postal worker 26 00:02:00.120 --> 00:02:04.280 was on his rounds delivering mail in Dallas and died while on the job. 27 00:02:04.640 --> 00:02:07.599 It's one hundred and sixteen feels like in Dallas, or it was yesterday and 28 00:02:07.680 --> 00:02:12.639 expected today. A new poll shows a majority of Americans don't approve of the 29 00:02:12.680 --> 00:02:19.080 Supreme Court's work. A Quinnipiac University poll found just thirty percent of registered voters 30 00:02:19.080 --> 00:02:23.240 approve of the Supreme Court compared to fifty nine percent who disapprove. The Pole 31 00:02:23.319 --> 00:02:29.639 notes it's the lowest approval rating for the Court since the posters started asking this 32 00:02:29.719 --> 00:02:31.719 question in two thousand and four. Now, let's start with some of the 33 00:02:31.759 --> 00:02:35.919 other stories coming out of the kf I twenty four hour newsroom and the ongoing 34 00:02:35.960 --> 00:02:39.080 story this morning is set in the North Atlantic Ocean. The submersible missing near 35 00:02:39.120 --> 00:02:44.039 the wreckage of the Titanic in the North Atlantic is reaching the ninety six hour 36 00:02:44.159 --> 00:02:47.479 mark for when oxygen inside the vessel is expected to run out. ABC's Andrew 37 00:02:47.520 --> 00:02:52.039 Dimbert says the search for the small sub has been going since Sunday, and 38 00:02:52.080 --> 00:02:55.159 a French ship arrived overnight equipped with a deep sea robot that could free the 39 00:02:55.199 --> 00:02:59.639 sub if it's stuck, but the robot cannot lift the sub to the surface. 40 00:03:00.080 --> 00:03:04.400 Crews have been scouring an area twice the size of Connecticut. The Coastguard 41 00:03:04.439 --> 00:03:07.439 says that robot was being sent out this morning. Dembur says the five people 42 00:03:07.439 --> 00:03:13.280 aboard were locked in from the outside with seventeen bolts and no escape hatch. 43 00:03:13.800 --> 00:03:16.879 Search crews have focused on an area where banging sounds were heard this week, 44 00:03:17.560 --> 00:03:23.080 but so far nothing has been found. Traffic experts say drivers and businesses will 45 00:03:23.080 --> 00:03:28.800 likely be negatively impacted by LA's plan to create open space out of existing roads. 46 00:03:28.960 --> 00:03:31.159 If this could be done on a trial basis, with the people doing 47 00:03:31.199 --> 00:03:36.159 it open to feedback, that's going to be the way to go. Otherwise 48 00:03:36.400 --> 00:03:38.400 you might have some unhappy folks affected by this. Okay, If I and 49 00:03:38.439 --> 00:03:42.919 this guy's will cool. Shriver says the city is already herding when it comes 50 00:03:42.919 --> 00:03:46.439 to having enough roads for drivers officials in LA, and he would know he's 51 00:03:46.439 --> 00:03:50.280 above every morning. Officials in LA say the idea behind the program is to 52 00:03:50.319 --> 00:03:53.919 give people who live with limited access to parks a place to move around. 53 00:03:53.199 --> 00:03:59.199 Officials say the pilot program will be thoughtfully designed for LA. The head count 54 00:03:59.280 --> 00:04:03.520 for America's hat is growing. Canada's population has recently hit the forty million mark, 55 00:04:03.560 --> 00:04:08.520 and the rise is mostly from foreigners. The country's population grew by a 56 00:04:08.560 --> 00:04:12.159 million for the first time in its history last year, with roughly ninety six 57 00:04:12.199 --> 00:04:15.680 percent of that million being immigrants and temporary residents. The government wants more people 58 00:04:15.680 --> 00:04:19.879 there to support its aging population. The plan puts an emphasis on immigrants admitted 59 00:04:19.920 --> 00:04:24.560 based on their work, skills or experience. A lobby group and charity called 60 00:04:24.560 --> 00:04:27.639 the Century Initiative, created in two thousand and nine, has a goal of 61 00:04:27.680 --> 00:04:31.360 increasing Canada's population to one hundred million by the year twenty one hundred. Michael 62 00:04:31.399 --> 00:04:35.720 Crozier KFI News and police into San Fernando Valley say they need help to find 63 00:04:35.759 --> 00:04:40.800 seven smash and grab burglars at LAE say the men carried out several burglaries on 64 00:04:40.879 --> 00:04:45.240 Monday night in Northridge. LAPD says the guy's got into three empty businesses near 65 00:04:45.240 --> 00:04:48.399 Tampa Avenue and receive a boulevard by smashing through the glass doors, then using 66 00:04:48.439 --> 00:04:54.000 tools to get into the ATMs, cash registers and office safes. They grab 67 00:04:54.079 --> 00:04:58.720 deposits and select merchandise before taking off in four vehicles, two white cars, 68 00:04:58.720 --> 00:05:02.600 a black car, and a darkest LAPD says all seven more masks and hoodies. 69 00:05:02.839 --> 00:05:08.000 Anyone with information is being asked to call LAPD or crime stoppers. Amy 70 00:05:08.120 --> 00:05:11.360 King KFI News, I was a north Ridge yesterday, but it was to 71 00:05:11.399 --> 00:05:15.360 play mini golf, not to rob people. The first topic for today on 72 00:05:15.480 --> 00:05:19.199 Wake Up Call with a guest, ABC's Caleb Silver and his main hustle is 73 00:05:19.240 --> 00:05:23.199 over at investopedia dot com. Welcome back, Caleb, it's been a minute. 74 00:05:23.879 --> 00:05:26.759 It's good to be with you. I'm looking at the pre market trading 75 00:05:26.839 --> 00:05:30.319 right now, all down arrows. Is this bull market short lived? I 76 00:05:30.360 --> 00:05:34.680 know we tipped into it very recently. Well, it's faded a little bit, 77 00:05:34.720 --> 00:05:38.800 but don't forget the fact that we've been rolling since October. That's what 78 00:05:38.879 --> 00:05:41.600 the lows were in the stock market, way back in the middle of October 79 00:05:41.639 --> 00:05:44.519 of last year. And the stock market, especially the SMP five hundred and 80 00:05:44.560 --> 00:05:46.879 the NASDACT that's where a lot of the growth stocks are. That those two 81 00:05:46.920 --> 00:05:50.800 indexes have been ralling very strongly. Now about seven to eight stocks have been 82 00:05:50.839 --> 00:05:54.920 powering that rally, and that's what people are worried about. It's the big 83 00:05:54.959 --> 00:05:58.360 megacap stocks, the Apples, the Amazons, the navideos of the world that 84 00:05:58.399 --> 00:06:00.839 are powering the market higher. But you need leadership somewhere. And before we 85 00:06:00.920 --> 00:06:04.079 had this fade, a lot of the other sectors were joining the stock market 86 00:06:04.160 --> 00:06:09.120 rally up until about last week when the FED indicated it would raise rates about 87 00:06:09.120 --> 00:06:11.680 a couple more times this year. Yeah, you're talking about the mega large 88 00:06:11.680 --> 00:06:15.079 stocks there for sure, the large caps. Let's well, I watched the 89 00:06:15.160 --> 00:06:18.240 Russell a little bit too, and you're right, You're you're totally dead on 90 00:06:18.279 --> 00:06:23.800 the midcaps are not quite keeping pace with the big ones. Let's Caleb, 91 00:06:23.879 --> 00:06:26.959 let's talk about this recession and let's put some legs on the stool. Okay, 92 00:06:27.120 --> 00:06:30.120 with interest rates. I think commercial real estate is a is a silent 93 00:06:30.160 --> 00:06:33.199 but deadly kind of killer, and of course inflation. Let's start with interest 94 00:06:33.240 --> 00:06:36.279 rates. What was your take on j PAL this week. Well, the 95 00:06:36.319 --> 00:06:41.240 fact that the Fed paused interest rate hikes to see the effects of all those 96 00:06:41.360 --> 00:06:43.839 rate hikes from the past twelve to thirteen months, see what they've had on 97 00:06:43.879 --> 00:06:47.000 the economy. That's very interesting. But the Fed also indicating it will raise 98 00:06:47.120 --> 00:06:50.360 rates a couple more times, probably another quarter point hike, at least two 99 00:06:50.399 --> 00:06:53.839 more times. If you look at the most boring, at the most important 100 00:06:53.920 --> 00:06:56.720 chart in economics and finance right now, it's called the FEDS dot plot, 101 00:06:56.959 --> 00:07:00.560 and that's the projections of where Fed governors think interest rate should be, and 102 00:07:00.600 --> 00:07:02.040 they think they should be higher than where they are today, around five point 103 00:07:02.120 --> 00:07:04.879 six percent, and then next year they're going to go lower. All of 104 00:07:04.920 --> 00:07:09.199 that, those rate hikes have really slowed the economy if you look at the 105 00:07:09.199 --> 00:07:11.879 housing market, if you look at the new news car market, that has 106 00:07:11.920 --> 00:07:14.800 hurt the economy, but it hasn't hurt hiring. And the Fed is actually 107 00:07:14.839 --> 00:07:17.199 trying to slow hiring and slow wage growth. That's not working, which is 108 00:07:17.199 --> 00:07:20.839 probably why we'll see a couple more rate hikes, which then has the possibility 109 00:07:21.079 --> 00:07:25.319 of putting the economy into a deep breeze. We haven't seen it yet, 110 00:07:25.360 --> 00:07:28.800 but could that happen in the next three to six months. Sure, you 111 00:07:28.879 --> 00:07:30.800 mentioned the plot there, not exactly a buzzword, I dig it, But 112 00:07:31.600 --> 00:07:35.399 wasn't it Fedhare green Span who kind of made that a thing every time he 113 00:07:35.399 --> 00:07:41.439 would talk on a show or even on Capitol Hill. Yeah, and if 114 00:07:41.439 --> 00:07:45.199 you look at again, this is the most boring, geeky part of economics, 115 00:07:45.199 --> 00:07:46.759 but we love it over here because you look at what they call the 116 00:07:46.800 --> 00:07:50.199 Summary of Economic Projections, and that's where members of the Federal Reserve, not 117 00:07:50.240 --> 00:07:53.600 just J. Powell, there's a bunch of governors there, about twelve of 118 00:07:53.639 --> 00:07:56.639 them. I think the economy is the sort they think inflation is going to 119 00:07:56.720 --> 00:07:59.279 go. That's where they think interest rates should be, and that's where they 120 00:07:59.439 --> 00:08:03.399 sort of economic growth out for the next six to twelve months, and they 121 00:08:03.480 --> 00:08:07.920 all buy in large think more rate heights are necessary to curb inflation, which 122 00:08:07.000 --> 00:08:09.879 is stuck around four four and a half percent, depending on how you look 123 00:08:09.920 --> 00:08:13.439 at it. Yeah, you and I have trading cards for the Fed presidents. 124 00:08:13.480 --> 00:08:16.319 But let's pull out of the weeds a little bit. What a chow 125 00:08:16.399 --> 00:08:20.279 we watch for? What's your take from investopedia perspective market wise or even macroeconomically 126 00:08:20.279 --> 00:08:24.560 as we go towards the end of this calendar year. Yeah, let's separate 127 00:08:24.600 --> 00:08:28.439 the two for a second. And the stock market usually rebounds very strongly after 128 00:08:28.480 --> 00:08:30.920 our bear market. And we had a deep bear market last year, down 129 00:08:30.959 --> 00:08:33.200 around twenty seven percent at the lows, finished the year round twenty four percent. 130 00:08:33.279 --> 00:08:35.840 That hurt a lot of people in their four o one ks and iras. 131 00:08:37.080 --> 00:08:41.200 But the year after a bear market stocks usually rally anywhere from twenty eight 132 00:08:41.279 --> 00:08:43.519 to thirty four percent the indexes. So the fact that we've had a strong 133 00:08:43.600 --> 00:08:48.759 rally not surprising given where we were. Do we have the momentum to keep 134 00:08:48.799 --> 00:08:50.639 going forward? I kind of think we do? Why because corporate profits are 135 00:08:50.679 --> 00:08:54.879 actually getting better, not worse, and there's a lot of money on the 136 00:08:54.879 --> 00:08:58.080 sidelines, and that's big institutional money. We're talking about several trillion dollars that 137 00:08:58.200 --> 00:09:03.080 move to cash and move to short term money when the stock market was fading 138 00:09:03.159 --> 00:09:05.720 last year. That money needs somewhere to go. And while if you can 139 00:09:05.720 --> 00:09:07.679 get four percent at the bank right now or four to five percent and a 140 00:09:07.720 --> 00:09:11.279 money market fund, big institutions are not paid to do that. They're paid 141 00:09:11.279 --> 00:09:15.840 to deliver big returns for their clients, and those returns are going to be 142 00:09:15.879 --> 00:09:18.080 in the stock market. So I'm bullish for the rest of the year on 143 00:09:18.080 --> 00:09:20.519 that. As far as the economy goes, we haven't really felt the full 144 00:09:20.519 --> 00:09:24.000 effects of those interest rate hikes, but we will pretty soon. I say 145 00:09:24.000 --> 00:09:28.320 we felt it in housing, that's absolutely true. Housing has been asleep for 146 00:09:28.360 --> 00:09:31.399 the past fourteen months. But we're going to probably see it in other sectors. 147 00:09:31.399 --> 00:09:33.639 You're hearing layoffs and the big tech companies, media companies, and finance 148 00:09:33.840 --> 00:09:37.480 that may be a little bit more widespread. The Fed wants unemployment around four 149 00:09:37.480 --> 00:09:41.399 and a half percent, and they know GDPR gross domestic products going to slow. 150 00:09:41.720 --> 00:09:46.159 The key to that, though, is consumer spending. That seventy percent 151 00:09:46.159 --> 00:09:50.840 of GDP consumers keep spending, although we keep pushing our credit card balances higher 152 00:09:50.879 --> 00:09:54.120 and highering to record hize. Taylor, you mentioned short term money right there, 153 00:09:54.120 --> 00:09:58.000 and then you said trillions of dollars. That's a gravitational force economically speaking. 154 00:09:58.080 --> 00:10:01.240 And so how are you looking at parsing stocks and bonds in a portfolio? 155 00:10:01.440 --> 00:10:05.200 Is our bonds still like a nice place for us to be moving some 156 00:10:05.200 --> 00:10:09.519 stuff? Yeah, and especially if you're worried about the stock market. The 157 00:10:09.519 --> 00:10:13.080 bond market is recovered from last year's tailspin. The bond market was terrible last 158 00:10:13.120 --> 00:10:16.240 year, as what's the stock market very rare to have both stocks and bonds 159 00:10:16.240 --> 00:10:20.000 fall in the same year. Usually they balance one another out. Not last 160 00:10:20.080 --> 00:10:22.840 year, and that was because of those aggressive rate hikes. But we're getting 161 00:10:22.840 --> 00:10:26.360 sort up to the end where you can see the horizon after the next two 162 00:10:26.440 --> 00:10:28.679 rate hikes if they happen. And so the bond market has been pretty stable, 163 00:10:28.679 --> 00:10:31.679 even though the yield curve and again them geeking out here. But this 164 00:10:31.720 --> 00:10:35.639 is what we look at. This is the difference between the yield and the 165 00:10:35.720 --> 00:10:39.279 ten year US Treasury bond in the two year is deeply inverted. Not a 166 00:10:39.399 --> 00:10:43.159 yoga move there, just a sign that economists and investors are very pessimistic about 167 00:10:43.200 --> 00:10:46.519 the next few months, but optimistic about the long term. Very cool, 168 00:10:46.559 --> 00:10:50.879 ABC and Investopedias. Caleb Silver, always a pleasure to speak with you. 169 00:10:50.960 --> 00:10:54.399 Caleb, Thanks a lot, Thank you. One more quick story and then 170 00:10:54.399 --> 00:10:58.000 we're going to talk about what's coming up later this hour. We are going 171 00:10:58.039 --> 00:11:00.559 to circle back on the FED. I'll try to stay away a little bit 172 00:11:00.879 --> 00:11:03.200 from the FED interest rate hikes that Caleb and I just talked about, but 173 00:11:03.279 --> 00:11:07.720 he did make Jay Powell did make some other comments about the labor market we 174 00:11:07.720 --> 00:11:11.200 wouldn't get into. Hundreds of writers and their supporters have continued to rally in 175 00:11:11.320 --> 00:11:16.279 LA for higher pay and benefits. Actor Rob Fitzgerald says sag AFTRAUP is supporting 176 00:11:16.320 --> 00:11:20.039 the Writer's Guild because there's is a labor fight for all workers. If you're 177 00:11:20.039 --> 00:11:24.879 a truck driver, you could be replaced soon with driverless trucks, So AI 178 00:11:26.000 --> 00:11:28.240 is coming for us all. So we need set parameters and we need to 179 00:11:28.279 --> 00:11:31.639 be able to make a living so we can have a you a life. 180 00:11:33.279 --> 00:11:37.159 Members of UTLA and the Director's Guild marched with the writers yesterday from Pan Pacific 181 00:11:37.159 --> 00:11:41.799 Park to the Lebrea tar pits and the writers have been on strike for eight 182 00:11:41.799 --> 00:11:46.120 weeks. The desperate search for a missing sub designed to explore the wreckage of 183 00:11:46.159 --> 00:11:52.120 the Titanic continues this morning, as Oxygen is quickly running out a tornado tour 184 00:11:52.200 --> 00:11:56.080 through the small town of Matador, Texas. The deaf count there is up 185 00:11:56.080 --> 00:12:00.960 to four and ten have been injured, and emergency services are reporting that earlier 186 00:12:01.039 --> 00:12:05.279 this morning, the town experienced an unprecedented tornado, bringing damaged damaging wins to 187 00:12:05.360 --> 00:12:09.799 the town. That's according to the Lubbach Fire Rescue Agency. Attorney General Merritt 188 00:12:09.879 --> 00:12:16.120 Garland is pushing back against accusations of bias within the Justice Department following the Hunter 189 00:12:16.120 --> 00:12:20.480 Biden plea agreement. Garland was pressed during a news conference today to address accusations 190 00:12:20.559 --> 00:12:26.600 from Republicans that Hunter Biden received a sweetheart deal while former President Trump has been 191 00:12:26.600 --> 00:12:31.279 criminally indicted. Now at five thirty, we are going to unpack a little 192 00:12:31.279 --> 00:12:33.360 bit more from the FED. FED Chair J. Powell was on Capitol Hill 193 00:12:33.440 --> 00:12:37.399 yesterday. He's on Capitol Hill again today. We do have sound bites from 194 00:12:37.440 --> 00:12:41.320 that. We're going to unpack it because keep in mind that the FED is 195 00:12:41.440 --> 00:12:46.759 federally mandated to pursue two things. That is, an inflation rate of two 196 00:12:46.799 --> 00:12:50.559 percent and full employment. J Powell also likes talk about housing and some other 197 00:12:50.600 --> 00:12:54.639 socialist issues, so we pulled some sound from that too. Now, let's 198 00:12:54.679 --> 00:12:58.320 check some stories coming from the KFI twenty far our newsroom. A vote to 199 00:12:58.399 --> 00:13:03.840 denounce hate flyers targeting Jewish and LGBTQ communities in Huntington Beach has been expanded to 200 00:13:03.879 --> 00:13:09.879 include other groups because funny Timbs welcomes everybody. Mayor Tony Strickland amended the proposal 201 00:13:09.919 --> 00:13:16.360 to add patriot towards Catholics, Christians, African Americans, latinos Asians, Pacific 202 00:13:16.440 --> 00:13:22.559 Islanders, Native Americans, Indians, Persians, Muslims, can Dues, Buddhists, 203 00:13:22.600 --> 00:13:26.600 Mormons, Whites. Councilwoman Natalie Moser was cut off when insisting specific groups 204 00:13:26.600 --> 00:13:30.639 were targeted because it was training. We are voting. We are voting to 205 00:13:30.679 --> 00:13:33.879 denounce that as well as everything else. Councilwoman Ronda Bolton said Tuesday, it's 206 00:13:33.879 --> 00:13:37.120 a game for the mayor to add other groups. In Orange County, Corbin 207 00:13:37.240 --> 00:13:41.639 Carson KOFI News twenty two on your wake up Call and right now on the 208 00:13:41.720 --> 00:13:46.919 line, we have ABC's Brad Garrett, ABC's Crime and Terrorism analyst, Brad 209 00:13:46.960 --> 00:13:50.879 Garrett, Good morning, sir, Good morning. Let's unpack some more of 210 00:13:50.919 --> 00:13:54.639 this. We're on like day two or three of this probation deal for misdemeter 211 00:13:54.759 --> 00:13:58.480 tax crimes. Is there anything that stood out about this deal? Let's set 212 00:13:58.559 --> 00:14:01.639 the table with that. Anything standing out with the plea agreement reached with better 213 00:14:03.200 --> 00:14:11.000 with prosecutors. No, it's all fairly routine for anyone who doesn't pay their 214 00:14:11.039 --> 00:14:16.200 taxes and then are confronted by the irs. Yes, you violated the law 215 00:14:16.200 --> 00:14:20.759 because you haven't paid them, but if you pay them, admit your guilt. 216 00:14:20.639 --> 00:14:24.320 Um. You know, many times it goes on or if there's some 217 00:14:24.480 --> 00:14:26.240 aspect to it, they will charge you, which they have done in his 218 00:14:26.399 --> 00:14:31.440 case. The plea deal is who get probation, which would be completely and 219 00:14:31.559 --> 00:14:37.679 totally routine in a case like this. The gun charge is basically, he 220 00:14:39.360 --> 00:14:48.360 purchased a weapon and didn't tell them that he was using drugs, and it 221 00:14:48.519 --> 00:14:50.320 does ask you that on the phone on the forum, so we lied on 222 00:14:50.360 --> 00:14:56.759 the forum. They're really not at this point prosecuting. They're gonna do what 223 00:14:56.840 --> 00:15:01.679 they called deferred prosecution, which means if he abides by certain rules like I 224 00:15:01.840 --> 00:15:05.559 assume a rehab and some other things that the government will require after a year 225 00:15:05.720 --> 00:15:11.519 or so, the charge will be dismissed. That's also a matter of routine 226 00:15:11.080 --> 00:15:18.360 deferred prosecution on non violent crimes happen every day. So to your point, 227 00:15:18.639 --> 00:15:22.440 neither one of those charges, it seems, are outside the norm. If 228 00:15:22.480 --> 00:15:26.480 you or I, for example, we're charged with him. Yeah, but 229 00:15:26.559 --> 00:15:31.000 our last names aren't Biden too, So that's going to and that's the only 230 00:15:31.080 --> 00:15:33.480 reason we were even having this conversation. Yeah, that's good, all right, 231 00:15:33.600 --> 00:15:37.480 No, No, I know you're you're absolutely right, But we're also 232 00:15:37.519 --> 00:15:43.360 having the conversation because the GOP pushback on this seems to be is it proportionally 233 00:15:43.799 --> 00:15:48.639 in step with what's going on? Well, I think the short answer is 234 00:15:48.720 --> 00:15:52.039 no. I mean, Jason looked at it this way. The US attorney, 235 00:15:52.399 --> 00:16:00.200 the political appointing through the president for Delaware is a Republican president. Biden 236 00:16:00.320 --> 00:16:06.080 left him in place. He's a Trump appointee to carry through this investigation. 237 00:16:06.200 --> 00:16:11.320 So for five years, he and a team of FBI agents and I'm assumed 238 00:16:11.399 --> 00:16:15.759 season prosecutors have looked at all of these angles from the laptop, the business 239 00:16:15.840 --> 00:16:21.960 dealings in Ukraine, business dealings in China. You know, there's all sorts 240 00:16:22.000 --> 00:16:27.600 of allegations about you know, payoffs and favoritism, and the President was involved 241 00:16:27.679 --> 00:16:34.080 in some of that, and the hunter did a number of things that perhaps 242 00:16:34.279 --> 00:16:38.919 violated a number of US laws. Well, I don't know if any of 243 00:16:40.000 --> 00:16:42.399 that's true. All I can tell you is that in five years he hasn't 244 00:16:42.440 --> 00:16:47.559 been charged. And obviously the President hasn't been charged with anything. But the 245 00:16:48.360 --> 00:16:52.320 GOOP, to your point, seems to want to keep a firelit under this, 246 00:16:52.120 --> 00:16:56.159 and so they're demanding all sorts of documents from the FBI. One is 247 00:16:56.240 --> 00:17:03.600 very concerning. There's a there's a form that we fill out is when we 248 00:17:03.679 --> 00:17:07.440 get raw unverified intelligence. So let's say you or I called in and said 249 00:17:07.559 --> 00:17:11.039 X or Y about the president. Well, an agent or an analyst would 250 00:17:11.079 --> 00:17:15.640 write it down. Another agent or a team of agents would look at it, 251 00:17:15.799 --> 00:17:18.240 saying well, this absolutely makes no sense. You can't even investigate it. 252 00:17:18.400 --> 00:17:22.079 Or there's pieces of it that we can at least look at, And 253 00:17:22.240 --> 00:17:26.359 that's what they do. Congress. Apparently, once a bunch of those, 254 00:17:26.880 --> 00:17:30.440 you can see how one could twist and turn with some raw intelligence report says, 255 00:17:30.640 --> 00:17:36.759 because they hear stuff every day and again, if it has the name 256 00:17:36.880 --> 00:17:40.319 Biden in it, they're going to get more of those because it happens every 257 00:17:40.400 --> 00:17:45.079 time high profile people the spotlight falls on them. There's more, there's more 258 00:17:45.119 --> 00:17:48.920 intel that comes in. Again, most of it is garbage, to be 259 00:17:48.000 --> 00:17:52.920 quite blunt. We're speaking with the ABC's Brad Garrett. He's an ABC News 260 00:17:52.960 --> 00:17:56.160 crime and terrorism analyst. I guess my last question for you, Brad, 261 00:17:56.480 --> 00:18:02.400 is has this moved completely into political discourse? Is out of the legal discussion? 262 00:18:02.480 --> 00:18:04.440 I mean, Anthony, I'm sorry. Attorney General Mary Garland did have 263 00:18:04.519 --> 00:18:10.279 to make some comments about this recently. Yeah, I don't. It clearly 264 00:18:10.359 --> 00:18:17.000 has moved into in a heated format, into the house. That's true. 265 00:18:17.559 --> 00:18:21.759 Whether the US Attorney and the agents in Delaware are still looking like I mean, 266 00:18:21.759 --> 00:18:23.440 I think the US Attorney made a comment that the case is still open. 267 00:18:23.920 --> 00:18:27.759 Well, I think that's the right thing to say. He may or 268 00:18:27.839 --> 00:18:33.240 may not have any more evidence to investigate, but you know, somebody else 269 00:18:33.319 --> 00:18:36.640 may come forward with corroborated information. Of that would be the case, then 270 00:18:36.680 --> 00:18:41.680 they would follow through and make a decision about whether someone should be prosecuted or 271 00:18:41.759 --> 00:18:49.480 not. But I really see this more driven by politics that I do anything 272 00:18:49.519 --> 00:18:52.599 else at this point. So if you're on probation, is don't you leave 273 00:18:52.640 --> 00:18:56.960 that case open until the probation requirements have been met? I mean, isn't 274 00:18:56.000 --> 00:19:03.079 that just a technicality that you leave it open? Well, now, perhaps, 275 00:19:03.359 --> 00:19:06.359 no, the case is closed. As far as prosecution. What has 276 00:19:06.440 --> 00:19:10.240 left open? Jason I was a federal probation officer for ten years. So 277 00:19:10.680 --> 00:19:15.519 what happens is he has a probation officer. If during that time period he 278 00:19:15.799 --> 00:19:22.119 violates the conditions of his probation. Looks like he's supposed to go to rehab 279 00:19:22.160 --> 00:19:25.680 and he didn't, and he's tested positive, he has to go then back 280 00:19:25.720 --> 00:19:29.599 in front of the judge that sentenced him, and then that judge could send 281 00:19:29.680 --> 00:19:33.480 it to jail. So that part clearly is still open. As far as 282 00:19:33.680 --> 00:19:37.240 does that mean that the US Attorney's Office still has a case open, I'm 283 00:19:37.279 --> 00:19:38.799 going to for sure on the taxes and the gun the answer is no, 284 00:19:41.119 --> 00:19:44.680 but that remains to be seen if they're still looking at other things, some 285 00:19:44.880 --> 00:19:47.400 of which you and I have talked about. Okay, all right, well, 286 00:19:47.440 --> 00:19:49.440 Brad, thanks for this for thanks for the context, and I kind 287 00:19:49.480 --> 00:19:52.960 of knew your work history. That's why I wanted to get you back into 288 00:19:53.079 --> 00:19:59.039 that swing zone of you know, probation officer. Sure, Brad Garrett, 289 00:19:59.119 --> 00:20:00.759 thank you so much for you time this morning. Welcome, take care of 290 00:20:00.839 --> 00:20:04.839 Jason absolutely. ABC News Crime and Terrorism Analyst Brad Garrett. Let's check a 291 00:20:04.839 --> 00:20:08.039 couple of stories before we get to the bottom of the hour. LA City 292 00:20:08.079 --> 00:20:11.960 councilman Current Price has asked his colleagues to let him stay on the council while 293 00:20:12.000 --> 00:20:15.799 he fights the corruption charges against him. He says he has committed his life 294 00:20:15.839 --> 00:20:21.319 to honorably serving the public and fields the court and any fair observers will see 295 00:20:21.400 --> 00:20:25.039 he's innocent. Price has represented most of South LA and the western part of 296 00:20:25.119 --> 00:20:29.440 downtown since twenty thirteen. The council is reviewing a motion to suspend Price. 297 00:20:29.960 --> 00:20:33.279 The Huntington Beach City Council has voted to create a plan restricting kids access to 298 00:20:33.440 --> 00:20:38.920 books the city says are too obscene. Councilwoman Gracie Vandermark says books about orgasms 299 00:20:40.200 --> 00:20:44.279 are in children's sections. I just don't understand why anybody has a problem with 300 00:20:44.759 --> 00:20:48.000 warning parents that some of this material is in these books. Critics say a 301 00:20:48.119 --> 00:20:52.759 city attorney should not decide which books are read. If England had a point 302 00:20:52.799 --> 00:20:56.039 to some British city attorney as head librarian and Frank Klint's place, that the 303 00:20:56.200 --> 00:21:00.400 history of America might be very different. The Council voted four to three this 304 00:21:00.519 --> 00:21:06.440 week in favor of creating a plan to regulate books. Oxygen is running out 305 00:21:06.519 --> 00:21:10.160 in a sub carrying five people that's been missing since Sunday. Rescue efforts are 306 00:21:10.200 --> 00:21:15.240 focused on an area where Canadian aircraft recently detected underwater noises. More on that 307 00:21:15.319 --> 00:21:18.839 throughout the morning. Nearly a hundred people are injured after golf ball sized hail 308 00:21:19.200 --> 00:21:23.799 showered an outdoor concert in Colorado. Fans were gathering in the stands at the 309 00:21:23.839 --> 00:21:29.720 Red Rocks Amphitheater near Denver last night tire pop star Louie Tomlinson when a severe 310 00:21:29.759 --> 00:21:33.920 storm rolled in and began you know the pelting. Elon Musk might be fighting 311 00:21:34.319 --> 00:21:41.519 Mark Zuckerberg in a Battle of the billionaires. The challenge was issued Tuesday night 312 00:21:41.680 --> 00:21:45.640 when one of Musk's Twitter followers posted a warning to the CEO saying he better 313 00:21:45.680 --> 00:21:48.759 be careful because Zuckerberg does jiu jitsu. Now, you may have seen that 314 00:21:48.960 --> 00:21:52.720 video. Musk responded, I'm up for a cage match if he is. 315 00:21:56.400 --> 00:21:59.480 Get the T shirts made up. News is brought to you by American Vision 316 00:21:59.519 --> 00:22:02.839 Windows. Coming up at five fifty. When in doubt, nap it out. 317 00:22:03.039 --> 00:22:07.359 ABC's Jim Ryan will join us to unpack some new research and data that 318 00:22:07.400 --> 00:22:11.559 shows how napping is not only refreshing, it's also good for the brain, 319 00:22:11.680 --> 00:22:15.440 as in naps may keep our brains from hardening as we get older. Right 320 00:22:15.480 --> 00:22:18.960 now, I wanted to talk a little bit about Fed Chair J Powell. 321 00:22:18.039 --> 00:22:22.279 He's on Capitol Hill this week yesterday and later this morning. Better said, 322 00:22:22.319 --> 00:22:27.440 we have clips from Powell's appearance yesterday. Of course, the FED did pause 323 00:22:27.519 --> 00:22:33.240 interest rate hikes for the first time in eleven meetings. So here's the one 324 00:22:33.279 --> 00:22:37.799 that's making the rounds this morning because it's a distillation of what's coming when it 325 00:22:37.880 --> 00:22:42.279 comes to interest rates and their continued rise. Inflation remains well above our longer 326 00:22:42.359 --> 00:22:48.359 run goal of two percent. Over the twelve months ending in April, total 327 00:22:48.440 --> 00:22:53.480 personal consumption expenditures prices rose four point four percent. Excluding the volatile food and 328 00:22:53.599 --> 00:23:00.119 energy categories, core PC prices rose four point seven percent in the twelve months 329 00:23:00.240 --> 00:23:04.640 change in the CPI came in at four point zero percent, and the change 330 00:23:04.640 --> 00:23:11.720 in the core CPI was five point three percent. Inflation has moderated somewhat since 331 00:23:11.759 --> 00:23:17.119 the middle of last year. Nonetheless, inflation pressures continue to run high, 332 00:23:17.559 --> 00:23:21.440 and the process of getting inflation back down to two percent has a long way 333 00:23:21.480 --> 00:23:23.920 to go. Okay, right there. The Fed is mandated to do two 334 00:23:23.960 --> 00:23:29.039 things, keep inflation at two percent and full employment. He just mentioned there. 335 00:23:29.240 --> 00:23:32.359 If you just look at the main data point he gives you at four 336 00:23:32.440 --> 00:23:34.039 percent, that's one hundred percent increase of to where they're supposed to be. 337 00:23:34.119 --> 00:23:37.880 So of course there's a long way to go as far as the Fed sees 338 00:23:37.920 --> 00:23:41.160 it when it comes to fighting inflation. So more rate hikes later this year 339 00:23:41.319 --> 00:23:45.920 probably going to happen. We got in a surprise rate hike in Europe. 340 00:23:47.160 --> 00:23:49.240 In Britain this morning, it was a point five percent rate hike. So 341 00:23:49.359 --> 00:23:56.599 inflation across the globe is still sticky. Another aspect to this and housing and 342 00:23:56.680 --> 00:23:59.559 housing supply, something comes up with Bill Handle a lot. He likes this 343 00:23:59.680 --> 00:24:03.240 topic because we have such a lack of housing supply here in California. So 344 00:24:03.519 --> 00:24:07.319 housing lack of housing. J. Powell yesterday. What do you see as 345 00:24:07.359 --> 00:24:11.599 the biggest remaining upward pressure on housing services and what can we do in Congress 346 00:24:11.839 --> 00:24:18.480 to incentivize new home starts to hopefully moderate the imbalance between supply and demand in 347 00:24:18.559 --> 00:24:25.119 the housing market. I think you're talking about longer run largely longer run factors 348 00:24:25.240 --> 00:24:29.599 here, and I think there has been for some time a shortage of housing. 349 00:24:30.680 --> 00:24:33.720 It's harder to get lots, it's harder to get workers, and in 350 00:24:33.799 --> 00:24:36.920 the pandemic it had been harder to get materials and things like that. So 351 00:24:37.640 --> 00:24:41.240 there's certainly a need for more housing. I think during the pandemic you had 352 00:24:41.359 --> 00:24:47.119 people wanting to live in houses rather than downtown in apartments because of COVID, 353 00:24:47.400 --> 00:24:49.599 you had low rates, and so you had two or three years of very 354 00:24:49.759 --> 00:24:55.720 very high price increases for housing. And now that it is flattened out a 355 00:24:55.799 --> 00:24:59.440 lot as we've raised rates. So it's funny, how, you know, 356 00:25:00.079 --> 00:25:03.720 Chair J. Powell and every FED chair that I've ever covered, it's having 357 00:25:03.759 --> 00:25:07.960 to state the obvious over and over again. But it is important, and 358 00:25:07.160 --> 00:25:10.880 so you know, and some of the Congress people are just looking for a 359 00:25:10.880 --> 00:25:12.799 little bit of camera time, so they ask the same question slightly differently, 360 00:25:14.279 --> 00:25:18.720 but FED chair J. Powell right, there is addressing a massive part of 361 00:25:18.039 --> 00:25:22.079 what they have to keep an eye on, not federally mandated eye, but 362 00:25:22.160 --> 00:25:26.599 they do have to keep an on that's housing supply. J. Powell also 363 00:25:26.279 --> 00:25:30.480 in a little bit different take from other FED chairs. He's not unique when 364 00:25:30.480 --> 00:25:34.720 it comes to publicly discussing income disparity and some other social things, but he 365 00:25:34.839 --> 00:25:41.559 and other chairs are not inherently political. Pal however, likes to lean in 366 00:25:41.759 --> 00:25:47.039 more when it comes to things like race and poverty. We do consider inequality 367 00:25:47.200 --> 00:25:51.359 in the economy as part of our thinking about decisions, but ultimately, and 368 00:25:51.799 --> 00:25:56.000 those are those are certainly highly valuable social goals to pursue. I would say 369 00:25:56.640 --> 00:26:02.839 our ability to take part in addressing those issues is fairly limited. We have 370 00:26:03.000 --> 00:26:06.440 one federal interest rate that we set. We do try to keep in mind, 371 00:26:06.480 --> 00:26:11.240 as you know, not just the aggregate national level of unemployment or employment, 372 00:26:11.319 --> 00:26:14.880 but also that for different ethnic groups. So we take that into account. 373 00:26:14.920 --> 00:26:18.440 But I would think, and I think that's just part of making sure 374 00:26:18.519 --> 00:26:21.160 that we feel like we have all Americans in the room with us when we're 375 00:26:21.160 --> 00:26:26.079 making decisions on monetary policy. So he says all the time that inflation is 376 00:26:26.079 --> 00:26:30.079 basically a pay cut for the lower end of the wage earner scale, and 377 00:26:30.599 --> 00:26:34.000 he is relatively unique when it comes to calling that out. And if you 378 00:26:34.039 --> 00:26:37.200 think about it, something else he said right there too, is he has 379 00:26:37.279 --> 00:26:40.920 one interest rate, So he has one tool in his toolbox, and it's 380 00:26:40.920 --> 00:26:45.519 a blunt instrument. Sount force trauma to the economy basically is what the FED 381 00:26:45.640 --> 00:26:47.640 is in charge of. Now, there's a lot of stuff going on below 382 00:26:47.680 --> 00:26:51.039 the water line when it comes to the data and everything they have to process, 383 00:26:51.200 --> 00:26:55.160 but really the two inch headline is warranted because every time they raise interest 384 00:26:55.240 --> 00:26:56.160 rates, that's pretty much all they can do. The rest of it's just 385 00:26:56.279 --> 00:27:02.119 reading and writing and data analysis. Back to those two mandates. Inflation, 386 00:27:02.240 --> 00:27:06.920 full employment, last one jobs market. Though the labor market remains very tight. 387 00:27:07.119 --> 00:27:11.079 Over the first five months of the year, job gains average a robust 388 00:27:11.480 --> 00:27:15.960 three hundred and fourteen thousand jobs per months. The unemployment rate moved up but 389 00:27:15.119 --> 00:27:19.839 remained low in May at three point seven percent. There are some signs that 390 00:27:19.960 --> 00:27:25.559 supply and demand in the labor market are coming into better balance. The labor 391 00:27:25.640 --> 00:27:30.839 force participation rate has moved up in recent months, particularly for individuals aged twenty 392 00:27:30.880 --> 00:27:34.960 five to fifty four. Nominal wage growth has shown some signs of easing, 393 00:27:36.119 --> 00:27:41.480 and job vacancies have declined so far this year. While the jobs two workers 394 00:27:41.599 --> 00:27:47.480 gap has narrowed, labor demand still substantially exceeds the supply of available workers. 395 00:27:48.319 --> 00:27:51.680 So basically, every one person looking for a job, there's one point five 396 00:27:52.039 --> 00:27:55.880 openings for that. That's just ballpark figure. But it has come down a 397 00:27:55.880 --> 00:27:57.920 little bit. And also an inflationary pressure that you got to keep an eye 398 00:27:59.000 --> 00:28:03.240 on our wage which is something that bugs me because when wages go up, 399 00:28:03.480 --> 00:28:06.480 you know, it kind of helps fight against the inflation, you know, 400 00:28:06.559 --> 00:28:10.039 prices going up at the grocery store. But it also shows that workers on 401 00:28:10.119 --> 00:28:11.160 the lower end of the scale are coming up a little bit too. And 402 00:28:11.279 --> 00:28:15.000 too many economists like to come out and say, well, wages are rising 403 00:28:15.039 --> 00:28:17.440 too high. We got to get this back in equilibrium. What that means 404 00:28:17.559 --> 00:28:21.440 is equilibrium is not equal. It just tips it to the top of that 405 00:28:21.599 --> 00:28:23.480 scale. Let's get back to some of the stories coming out of the KFI 406 00:28:23.519 --> 00:28:26.519 twenty four hour news room. The La County Health Department has issued an alert 407 00:28:26.559 --> 00:28:32.839 from medications from Mexican pharmacies that include illicit drugs like fentanyl, meth and ecstasy. 408 00:28:33.000 --> 00:28:36.799 Officials say those meds were bought at twenty nine legitimate pharmacies throughout eight cities, 409 00:28:36.839 --> 00:28:40.880 including Tijuana, Los Cabos and Puerto Varta. Reported in The Times noted 410 00:28:40.920 --> 00:28:42.720 that more than fifty percent of the pills tested were found to be counterfeit. 411 00:28:44.039 --> 00:28:48.359 More than a third of the forty opioid pain meds tested positive for illicit fentyl 412 00:28:48.480 --> 00:28:52.279 rather than the prescription opioid medication it was supposed to be. Health officials say 413 00:28:52.319 --> 00:28:56.799 people should only buy medications from an FDA licensed pharmacy, including those online, 414 00:28:56.079 --> 00:29:00.640 or get the meds directly from a licensed doctor. Steve Gregory, King of 415 00:29:00.680 --> 00:29:04.920 Fine News, House Republicans have failed to overturn President Biden's veto of the Congressional 416 00:29:06.079 --> 00:29:11.079 Review Act. The Congressional Review Act would have ended Biden's student loan forgiveness plan, 417 00:29:11.200 --> 00:29:12.720 and it passed the House and Senate earlier this year, and then of 418 00:29:12.799 --> 00:29:18.960 course got vetoed. It is fifty almost five fifty on your wake up call, 419 00:29:19.079 --> 00:29:23.359 our morning attention is gonna going to turn to afternoon inactivity, naps, 420 00:29:23.640 --> 00:29:27.240 napping, ABC correspot at Jim Ryan is on the line. He's not only 421 00:29:27.279 --> 00:29:30.720 wide awake. Got some fresh research. Good morning, Jim. Yeah, 422 00:29:32.000 --> 00:29:36.200 inactivity might not be a good way to put because taking a nap is an 423 00:29:36.279 --> 00:29:38.000 active thing. You have to plan for it, or should plan for at 424 00:29:38.079 --> 00:29:41.799 least according to researchers who say that getting a nap in the afternoon, it's 425 00:29:41.880 --> 00:29:45.799 let's about too long, can help to rejuvenate you, and I also can 426 00:29:45.880 --> 00:29:52.200 have long term impacts that can benefit you. In other words, one thing, 427 00:29:52.359 --> 00:29:55.960 one process that happens to everybody has to get older. Your brain kind 428 00:29:56.039 --> 00:30:00.599 of shrinks. Now the amount to agree to which it shrinks is up for 429 00:30:00.839 --> 00:30:04.079 debate. But people who do suffer this kind of thing, or who do 430 00:30:04.240 --> 00:30:10.400 experience brain shrinking, they it's accelerated. And people who have cognitive problems like 431 00:30:10.680 --> 00:30:15.480 dementia, like Alzheimer's disease, they have a greater degree of brain shrinking. 432 00:30:15.799 --> 00:30:21.920 In One way that researchers say that to prevent this, or to at least 433 00:30:21.920 --> 00:30:25.400 slow it down perhaps is to get a little nap in the afternoon. Another 434 00:30:25.440 --> 00:30:27.599 one of the benefits of getting enough sleep every day. Jason, Okay, 435 00:30:29.119 --> 00:30:32.079 can you nap too much? Though? Any research about that you can okay, 436 00:30:32.359 --> 00:30:34.640 well sure, yeah, And I talked yesterday with a sleep research or 437 00:30:34.680 --> 00:30:40.000 in a clinical psychology she said that, yeah, getting twenty or thirty minutes 438 00:30:40.039 --> 00:30:42.279 in the afternoon is a great thing to do. Can rejuvenate, You can 439 00:30:44.039 --> 00:30:45.960 rest your brain when you know, put you down for a while for a 440 00:30:47.039 --> 00:30:49.559 short time, and then get up and you're ready to finish out your day. 441 00:30:51.000 --> 00:30:53.240 Sleep too long, though, and you get into a deep ram sleep. 442 00:30:53.279 --> 00:30:56.599 You get into that kind of sleep that's heavy and and that your brain 443 00:30:56.799 --> 00:31:00.440 needs for a long period. That's why you five six, seven, eight 444 00:31:00.519 --> 00:31:03.720 hours at night, or at least you should to get into that deep sleep. 445 00:31:03.759 --> 00:31:07.359 If you get into that sleep in the afternoon, you wake up. 446 00:31:07.440 --> 00:31:10.400 First of all, you're groggy. In second, you're kind of disrupting that 447 00:31:10.640 --> 00:31:15.200 important sleep that you need at night. So you've been a reporter for a 448 00:31:15.279 --> 00:31:18.920 while, GYM forty years okay, and you've probably had different, you know, 449 00:31:18.119 --> 00:31:21.759 day parts that you have to cover. Right, do you have any 450 00:31:21.839 --> 00:31:25.440 tips on like what helps for you to fall asleep faster if you have to 451 00:31:25.480 --> 00:31:29.599 get a nap in. Well, it's easy for me because I'm I'm chronically 452 00:31:29.640 --> 00:31:32.200 exhausted anyway, Right, I get up at two forty five every morning. 453 00:31:32.319 --> 00:31:36.839 You yeah, so if you can get a nap in the afternoon, and 454 00:31:37.000 --> 00:31:38.279 generally I try to sleep too long. But I asked, that's why I 455 00:31:38.519 --> 00:31:42.400 brought this up yesterday to the psychologist. What if you get four hours at 456 00:31:42.519 --> 00:31:47.440 night and then four hours the next afternoon or three hours in the afternoon, 457 00:31:47.599 --> 00:31:49.079 is that the same as getting seven or eight hours at night? She says, 458 00:31:49.480 --> 00:31:52.920 well, kind of. If you can get into a pattern like that, 459 00:31:52.039 --> 00:31:56.160 if you can make that your daily habit, it should be okay. 460 00:31:56.680 --> 00:32:00.359 But sleep, she says, it is not necessarily cumulative, so you know, 461 00:32:00.400 --> 00:32:04.200 it's trying to catch up. It's almost impossible to catch up. If 462 00:32:04.200 --> 00:32:07.319 you get too little sleep during the week and then you sleep late on Saturday 463 00:32:07.359 --> 00:32:08.759 and Sunday, that's just not going to help you much. Jason, So, 464 00:32:08.960 --> 00:32:13.680 okay, napping is an opting out of say, stimulus and things like 465 00:32:13.759 --> 00:32:15.400 that. If we were in the less modern state, if we weren't surrounded 466 00:32:15.440 --> 00:32:20.960 by screens and radio broadcast and things like that, is napping a more natural 467 00:32:21.039 --> 00:32:23.480 thing? What I'm saying is, fifteen thousand years ago, were people napping 468 00:32:23.480 --> 00:32:28.799 in the afternoon, Well, I bet they were, and perhaps doing so 469 00:32:30.119 --> 00:32:34.559 napping in that more traditional short burst kind of thing had to be on alert. 470 00:32:34.599 --> 00:32:37.279 They had to be watching out for that saber tooth tiger that might be 471 00:32:37.359 --> 00:32:40.799 stalking them fifteen thousand years ago. Today we just got traffic, noise and 472 00:32:42.480 --> 00:32:44.799 lights and the rest of it to deal with. And of course, yeah, 473 00:32:44.920 --> 00:32:47.079 devices that are keeping us away, turn off and notifications. Put in 474 00:32:47.160 --> 00:32:52.960 the other room, close the drapes. I have blackout shades on my bedroom 475 00:32:52.039 --> 00:32:55.880 to just doing sure that it is darker, not completely dark, but certainly 476 00:32:57.000 --> 00:33:00.200 darker. To get that little nap in the afternoon feels good. Right, 477 00:33:00.200 --> 00:33:04.200 Well, you did talk to the clinical psychologist yesterday, and so you probably 478 00:33:04.279 --> 00:33:07.599 had better prepared questions for that interview. Did I miss anything that you wanted 479 00:33:07.640 --> 00:33:09.880 to touch on that maybe it was surfaced by the psychologists. No, I 480 00:33:09.880 --> 00:33:13.039 don't think so, But that was that was the one thing that's always been 481 00:33:13.119 --> 00:33:16.279 nagging me, was is sleep cumulative? In other words, can you kind 482 00:33:16.319 --> 00:33:21.400 of catch up? And she says not really, It's just your body wasn't 483 00:33:21.480 --> 00:33:23.839 meant to do that. I mean, human beings have sort of built their 484 00:33:23.920 --> 00:33:28.599 day into three parts. Right, It's just eight hours to work, eight 485 00:33:28.640 --> 00:33:32.240 hours to relax, eight hours to sleep, and you know, and that 486 00:33:32.559 --> 00:33:37.000 sort of works. It works for people. So six hours in the is 487 00:33:37.079 --> 00:33:40.559 really your minimum for a good night's sleep. Seven is better, eight is 488 00:33:40.680 --> 00:33:45.119 maximum and and really the best, the optimum. But you know, if 489 00:33:45.119 --> 00:33:47.119 you can get a little nap in the afternoon, you can kind of make 490 00:33:47.240 --> 00:33:50.640 up for some of that at least. All Right, Well, this is 491 00:33:50.640 --> 00:33:54.079 a really fascinating story. I'm really glad you did that interview yesterday, Jim, 492 00:33:54.119 --> 00:33:57.400 and thanks for joining us and sharing it with us. Yeah, sleep 493 00:33:57.599 --> 00:33:59.839 was something we all do and that a lot of us don't do it. 494 00:34:00.480 --> 00:34:02.799 That's very true, and research shows that ABC's Jim Ryan thinks a lot. 495 00:34:02.960 --> 00:34:06.359 Thanks Jason. Let's get back to some of the stories coming out of the 496 00:34:06.400 --> 00:34:09.559 KFI twenty four hour newsroom before we transition into handle on the News. The 497 00:34:09.639 --> 00:34:15.920 House is voted to censure California Democratic Congressman Adam Schiff for pursuing allegations that former 498 00:34:15.960 --> 00:34:22.119 President Trump's twenty sixteen presidential campaign colluded with Russia. Republican congress Member Harriet Hageman 499 00:34:22.480 --> 00:34:27.320 says Schiff intentionally deceived Congress and the public. There must be a serious consequence 500 00:34:27.400 --> 00:34:30.400 for that. Being censored. Is the least of what he should be subjected 501 00:34:30.440 --> 00:34:35.519 to. Schiff called to move petty political payback and says he will stand strong 502 00:34:35.679 --> 00:34:38.360 as the Republican led House tries to destroy him. But I will not yield, 503 00:34:39.000 --> 00:34:44.760 not one inch. He says, he will wear the formal disapproval as 504 00:34:44.760 --> 00:34:47.760 a badge of honor. The search is on for the dog that helps search 505 00:34:47.920 --> 00:34:52.239 for four missing children in the Amazon jungle. Wilson the Dog became a national 506 00:34:52.360 --> 00:34:57.000 hero in Columbia when he helped the military find four indigenous kids who survived a 507 00:34:57.079 --> 00:35:00.719 plane crash and were lost in the Amazon jungle for forty pawprints from the military 508 00:35:00.760 --> 00:35:05.519 trained search dog led trackers to the kids, but Wilson is nowhere to be 509 00:35:05.599 --> 00:35:08.519 found. The Belgian shepherd is now himself the target of a rescue operation that 510 00:35:08.639 --> 00:35:14.280 started soon after the four survivors were flown by helicopter to Bogata. The Colombian 511 00:35:14.320 --> 00:35:17.280 military says it has left seventy soldiers in the dense jungle around the crash site 512 00:35:17.440 --> 00:35:22.639 to look for Wilson. Amy King KFI News Huntington Beach has voted to create 513 00:35:22.679 --> 00:35:27.639 a plan to empower city staff to regulate which books are too obscene for kids 514 00:35:27.719 --> 00:35:32.039 to read. Councilwoman Gracy Vandermark read from books currently available in city libraries Children's 515 00:35:32.079 --> 00:35:37.599 section, a person may have a warm, good tingly exciting feeling all through 516 00:35:37.679 --> 00:35:40.039 his or her body while masturbating. Says she's not trying to ban books, 517 00:35:40.199 --> 00:35:45.920 just increase adult supervision. That book gender career before they moved it out. 518 00:35:45.039 --> 00:35:47.559 I only learned about that book because a ten year old handed it to me. 519 00:35:47.840 --> 00:35:51.119 By the time these books get to the complaints, by then, a 520 00:35:51.239 --> 00:35:53.039 child has already seen the book. Critics say parents should be in charge of 521 00:35:53.119 --> 00:35:57.800 what kids read, not government. The proposed changes suggest that we as parents 522 00:35:57.960 --> 00:36:01.400 are not smart enough or strong enough to walk into a library and make decisions 523 00:36:01.440 --> 00:36:07.840 for ourselves, our talk to our children. Where your so called porno books 524 00:36:08.079 --> 00:36:14.360 we have used to teach our grandson's sex education instead of them going to YouTube. 525 00:36:14.400 --> 00:36:16.519 A four three vote this week direct staff to return in September with a 526 00:36:16.559 --> 00:36:22.239 plan to restrict kids from books the city deems up scene in Orange County Corbin 527 00:36:22.360 --> 00:36:24.599 Carson k if I news. At least thirty one people have been killed in 528 00:36:24.679 --> 00:36:29.760 an explosion at a barbecue restaurant in China. Several others were hurt yesterday. 529 00:36:29.800 --> 00:36:34.599 The fire department says two employees reported smelling gas about an hour before the explosion, 530 00:36:34.679 --> 00:36:37.360 noticed that a gas tank valve was broken and sent for a replacement. 531 00:36:37.440 --> 00:36:43.320 Local media says the explosion happened while the valve was being replaced. Prosecutors in 532 00:36:43.440 --> 00:36:49.159 Idaho say DNA from a knife knife sheaf found at the home where for University 533 00:36:49.199 --> 00:36:53.039 of Idaho students were murdered is a statistical match to accused killer Brian Coburger. 534 00:36:53.239 --> 00:36:57.960 The DNA was matched to a cheek swab collected from the twenty eight year old 535 00:36:58.239 --> 00:37:00.880 A motion for a protective order filed last week looks to protect some of the 536 00:37:01.000 --> 00:37:07.079 investigation, including raw DNA data, lab notes, the names and personal information 537 00:37:07.159 --> 00:37:12.960 of coden Burgher's relatives and names that were matched against the DNA from Genealogy Services. 538 00:37:13.840 --> 00:37:16.400 Southern California. Weather from kfive for this morning, mostly cloudy today, 539 00:37:16.519 --> 00:37:21.599 later patchie drizzle is possible. This morning. High in the upper sixties to 540 00:37:21.760 --> 00:37:24.599 mid seventies for inland LA and Orange Counties. For OC beaches, highs in 541 00:37:24.719 --> 00:37:30.039 the mid sixties, upper sixties for LA beaches. Tonight, cloudy, loads 542 00:37:30.079 --> 00:37:32.599 in the mid fifties to around sixty tomorrow, mostly cloudy again, highs in 543 00:37:32.599 --> 00:37:37.239 the upper sixties to the mid seventies as you move inland, and right now 544 00:37:37.280 --> 00:37:40.639 we have Fountain Valley at sixty degrees, Newport Beach at sixty degrees, Long 545 00:37:40.719 --> 00:37:45.800 Beaches at sixty degrees, and Hollywood's coming in at sixty one. We lead 546 00:37:45.920 --> 00:37:49.119 local live from the KFI twenty four our newsroom. I'm Jason Middleton. This 547 00:37:49.199 --> 00:37:52.159 has been your wake up call. You've been listening to wake up call. 548 00:37:52.440 --> 00:37:55.480 You know you can always listen live on KFI Am six forty weekdays from five 549 00:37:55.519 --> 00:38:00.639 to sixty am d D anytime on demand on the radio app