WEBVTT 1 00:00:00.800 --> 00:00:07.280 You're listening to wake Up Call on demand from KFI AM six forty KFI and 2 00:00:07.519 --> 00:00:14.439 KOSTHD two Los Angeles, Orange County. It's time for your morning wake up 3 00:00:14.439 --> 00:00:28.399 call. Here's Amy King. It's five o'clock on the dot. Good morning. 4 00:00:28.480 --> 00:00:32.719 This is your wake up call for Tuesday, November seventh. I'm Amy 5 00:00:32.840 --> 00:00:36.399 King. Here's what's a head on wake up call. The captain of the 6 00:00:36.479 --> 00:00:41.320 Conception dive vote that caught fire and sank near Santa Cras Island has been convicted 7 00:00:41.399 --> 00:00:46.039 in the deaths of the thirty four people killed. Jerry Boylan was found guilty 8 00:00:46.079 --> 00:00:50.359 of misconduct and neglect. It could get up to ten years in prison when 9 00:00:50.399 --> 00:00:55.320 he sentenced. It's election day in some states. Control of Virginia's legislature is 10 00:00:55.399 --> 00:00:59.399 up for grabs. All one hundred and forty seats in Virginia's General Assembly are 11 00:00:59.439 --> 00:01:03.200 on the ballot. Voters in Ohio will decide whether to guarantee abortion access in 12 00:01:03.239 --> 00:01:10.680 the state's constitution. Kentucky Democratic Governor Andy Bursheer and Mississippi Governor Tate Reeves, 13 00:01:10.680 --> 00:01:15.560 a Republican, are both running for reelection. California assembly Woman Wendy Corrio has 14 00:01:15.560 --> 00:01:21.280 announced She's running for an LA City Council seat despite her arrest on suspicion of 15 00:01:21.359 --> 00:01:25.519 drunk driving last week. cRIO is one of seven people running for the District 16 00:01:25.599 --> 00:01:29.959 fourteen seat. She's doing court for the dui charge. December first, at 17 00:01:30.000 --> 00:01:33.359 six oh five. It's handle on the news. President Biden is getting calls 18 00:01:33.400 --> 00:01:38.079 to call it quits after new polls show him losing to former President Trump in 19 00:01:38.239 --> 00:01:42.319 several battleground states. Let's get started with some of the stories coming out of 20 00:01:42.319 --> 00:01:48.079 the KFI twenty four hour newsroom. Hangar has been burning at the former Tustin 21 00:01:48.159 --> 00:01:52.879 Air Base in Tustin. The Orange County Fire Department reported flames shooting through the 22 00:01:52.879 --> 00:01:57.439 building's roof this morning, so a helicopter was called in to assist. A 23 00:01:57.480 --> 00:02:00.799 sixty nine year old Jewish man has died from a head in he got during 24 00:02:00.840 --> 00:02:05.480 a run in with a pro Palestinian protester in Thousand Oaks. Witnesses told deputies 25 00:02:05.480 --> 00:02:07.719 they saw the man in a physical fight with a counter protester where he fell 26 00:02:07.759 --> 00:02:10.520 back and hit his head on the ground. The sixty nine year old was 27 00:02:10.520 --> 00:02:14.919 taken to the hospital, where he died from his injuries. An autopsy was 28 00:02:14.960 --> 00:02:17.599 performed yesterday, where it was determined the man died from blunt force trauma, 29 00:02:17.800 --> 00:02:22.639 with the manner of death being a homicide. The Jewish Federation of Greater la 30 00:02:22.719 --> 00:02:25.400 said in a statement the man was hit by a megaphone during the rally Sunday. 31 00:02:25.719 --> 00:02:30.639 The Sheriff's department says the investigation has not ruled out the possibility of a 32 00:02:30.680 --> 00:02:36.599 hate crime. Chris Adler KFI News, Israeli Prime Minister Benjamin Netanyahu says Israel 33 00:02:36.680 --> 00:02:43.159 will have overall security responsibility in Gaza for an indefinite period after its war with 34 00:02:43.280 --> 00:02:47.039 Moss because we've seen what happens when we don't have it. Netanyahu says he's 35 00:02:47.120 --> 00:02:53.240 open to small pauses in the fighting to facilitate the release of hostages. President 36 00:02:53.280 --> 00:02:58.439 Biden has called for a broader humanitarian pause. Investigators say a group of men 37 00:02:58.479 --> 00:03:02.560 who deliberately caused a crash on the ten Freeway near Arlington and rob the driver 38 00:03:04.120 --> 00:03:07.520 were after jewelry. The HP says the guy robbed last month was a jewelry 39 00:03:07.560 --> 00:03:13.639 dealer visiting from Hong Kong. Video shop by passers by shows four men in 40 00:03:13.719 --> 00:03:17.039 dark clothes and masks ransacking the dealer's car. After he was hit and forced 41 00:03:17.080 --> 00:03:21.639 off the road. The driver was on his knees with his hands up. 42 00:03:22.080 --> 00:03:27.719 California's moving on plans to build its largest reservoir in almost fifty years. Governor 43 00:03:27.800 --> 00:03:30.479 Newsom is fast tracking it. He says. The goal for the reservoir in 44 00:03:30.520 --> 00:03:35.719 Cluza County north of Sacramento is to give people access to clean drinking water and 45 00:03:35.840 --> 00:03:39.479 to make the state more resilient against future droughts. The reservoir would be able 46 00:03:39.479 --> 00:03:44.639 to hold enough water for cities and farms from the Bay Area to Los Angeles. 47 00:03:45.039 --> 00:03:47.639 The first deputy to arrive at a mass shooting in Trebuco Canyon says a 48 00:03:47.680 --> 00:03:53.159 bystander likely saved his life and the lives of the deputies running up behind him. 49 00:03:53.199 --> 00:03:57.439 The ride from where I was coming from maybe two minutes, three minutes 50 00:03:57.599 --> 00:04:00.520 away, it felt like a turn of the OACI Shriff Deputy j Carrasco says 51 00:04:00.560 --> 00:04:03.719 his plan was to head straight through the front door to end the threat that 52 00:04:03.759 --> 00:04:08.759 had already killed three people and injured six others. It was frightening not knowing 53 00:04:08.759 --> 00:04:12.719 where he was, but fortunately that evening in August, Nelson Rosales ran up, 54 00:04:12.759 --> 00:04:15.040 waving his arms with a warning that can be heard on Carrasco's body camp 55 00:04:15.040 --> 00:04:20.600 where yeah, great up with the open. He had great cover, he 56 00:04:20.680 --> 00:04:24.600 had the high ground, and he had the drop. We didn't know where 57 00:04:24.600 --> 00:04:28.240 he was and he was just watching us. Had we had just ran into 58 00:04:28.240 --> 00:04:30.959 the building like the original plan, he would have been able to get us 59 00:04:30.000 --> 00:04:32.879 on the side and we wouldn't have any cover. Sure enough as soon as 60 00:04:32.879 --> 00:04:39.199 Carrasco pulls up and gets out. As for claims that deputies were heroes for 61 00:04:39.319 --> 00:04:42.759 responding within minutes to prevent the shooting from being far worse, I think I 62 00:04:42.800 --> 00:04:46.839 speak for myself and most of my partners. We don't feel like heroes. 63 00:04:46.959 --> 00:04:48.600 We were just doing our job, what we trained to do, and what 64 00:04:48.639 --> 00:04:53.120 we're willing to do on any given notice. In Orange County, Corbin Carson 65 00:04:53.240 --> 00:04:58.079 k if I News and Alaska Airlines has unveiled a new Disney themed plane inspired 66 00:04:58.079 --> 00:05:01.600 by the park's famous toon Town. Officials say Mickey's Toontown Express took more than 67 00:05:01.600 --> 00:05:06.079 four hundred hours to paint by hand from nose to tail. It features Mickey, 68 00:05:06.160 --> 00:05:11.279 Minnie and their palace Pluto, Donald and Daisy. It'll also offer Disney 69 00:05:11.319 --> 00:05:15.759 themed snacks and activity books to passengers as they fly across the country. Sign 70 00:05:15.759 --> 00:05:19.319 me up, I'm going to make my reservation. Now, let's say good 71 00:05:19.319 --> 00:05:26.519 morning. Now to ABC's Mike Dobuski. Mike. OpenAI had its first big 72 00:05:27.040 --> 00:05:30.759 developer conference, launching a new version of chat GPT. Tell us about it. 73 00:05:31.120 --> 00:05:33.959 Yeah, that's right. So this is the first developer conference, the 74 00:05:33.959 --> 00:05:39.439 first sort of live streamed public facing event from open Ai. They're the company 75 00:05:39.439 --> 00:05:43.000 behind a lot of popular AI tools that have kind of cropped up in the 76 00:05:43.079 --> 00:05:46.839 last year, things like chat GPT, as you mentioned, but also image 77 00:05:46.879 --> 00:05:49.879 generators like Dolly three, which is where we see all that kind of strange 78 00:05:49.879 --> 00:05:54.879 interesting AI art come from. Well, this is a developer conference. It's 79 00:05:54.920 --> 00:05:58.600 a place for people who build apps, for people who make things in the 80 00:05:58.600 --> 00:06:02.360 world of technology, to gather to see what the big tech firms of the 81 00:06:02.399 --> 00:06:06.399 world, including open ai, are working on. It's a place for these 82 00:06:06.439 --> 00:06:12.199 companies to show off their latest wares. And from open AI's perspective, their 83 00:06:12.279 --> 00:06:16.439 latest and greatest is called GPT four Turbo. Well, yeah, I know, 84 00:06:16.639 --> 00:06:20.000 right. This is a turbo charged, a bigger and better version of 85 00:06:20.079 --> 00:06:25.480 GPT four. This is their large language model. This is essentially the engine 86 00:06:25.519 --> 00:06:30.279 that goes into their various products, so Chat GPT, it runs on GPT 87 00:06:30.600 --> 00:06:35.639 four. This is kind of the underlying technology and what gets what makes it 88 00:06:35.759 --> 00:06:40.560 turbo? What makes it different from the standard CHAT or GPT four I should 89 00:06:40.560 --> 00:06:44.639 say, Well, they say it is trained on newer information, which means 90 00:06:44.639 --> 00:06:48.879 that all the tools that are now that underpinned by this technology. It can 91 00:06:48.920 --> 00:06:53.800 tell you about things that happened as recently as April of twenty twenty three is 92 00:06:53.800 --> 00:06:58.040 April of this year, whereas before anything that used this technology had a knowledge 93 00:06:58.040 --> 00:07:01.000 cut off in September of twenty twenty one one. You can also feed it 94 00:07:01.160 --> 00:07:05.240 more stuff, they say, up to three hundred pages of text you can 95 00:07:05.279 --> 00:07:12.680 now input into this technology. They say that will allow for more complex questions 96 00:07:12.720 --> 00:07:16.839 and therefore more complex answers. You could conceivably give this thing a short to 97 00:07:16.959 --> 00:07:23.560 medium sized book and tell it to translate that book or summarize it for you, 98 00:07:23.639 --> 00:07:27.040 and it will do that for right. Yeah, you can see kind 99 00:07:27.079 --> 00:07:30.680 of some of the applications here. And again this is a developer conference, 100 00:07:30.680 --> 00:07:32.639 so it's going to be up to the developers, the people who work with 101 00:07:32.680 --> 00:07:38.759 this technology to ultimately do something with it. To give us a product that 102 00:07:38.800 --> 00:07:41.800 we can go in and play around with. Maybe it is a book report 103 00:07:41.879 --> 00:07:46.560 generator, maybe it's something else. And of course this technology also comes with 104 00:07:46.800 --> 00:07:50.040 some of the latest updates we've seen to open aiyes technology, things like the 105 00:07:50.079 --> 00:07:56.560 ability to accept images where you can upload photographs and ask the technology to describe 106 00:07:56.600 --> 00:08:00.199 what is in that photograph for you. And also text to speech, which 107 00:08:00.240 --> 00:08:03.160 means you can talk to chat, GPT and anything that is sort of powered 108 00:08:03.199 --> 00:08:07.879 by this technology and it will talk back to you. Oh, it still 109 00:08:07.920 --> 00:08:16.120 freaks me out. So what is what is it getting better at? That's 110 00:08:16.160 --> 00:08:20.439 a good question. Again, more information, the larger your language model. 111 00:08:20.480 --> 00:08:26.319 In other words, in open ayes estimation is what makes these things smarter. 112 00:08:26.399 --> 00:08:31.200 They're always constantly putting more stuff into these models, more writing, more human 113 00:08:31.279 --> 00:08:35.200 generated text and imagery. And they say, the more stuff you put into 114 00:08:35.240 --> 00:08:39.159 it, the smarter it's going to be the learning as it goes in a 115 00:08:39.240 --> 00:08:43.080 way that they are ultimately inputting the information themselves. It's not like this thing 116 00:08:43.159 --> 00:08:46.879 is going out onto the Internet and you know, going rogue necessarily. I 117 00:08:48.039 --> 00:08:50.840 want to kind of just dissuade against the notion that these things are going to 118 00:08:50.840 --> 00:08:54.399 become self aware. I think that is sort of a more distant concern, 119 00:08:54.039 --> 00:08:58.720 But there are very real concerns that come along with this technology as well. 120 00:08:58.759 --> 00:09:03.320 Of course, things like information which would obviously raise some eyebrows ahead of election 121 00:09:03.399 --> 00:09:05.799 year. Next year here in New York it is election day, and the 122 00:09:05.879 --> 00:09:13.240 role of you know, misinformation, information generated by these these text generators where 123 00:09:13.279 --> 00:09:16.000 it's very hard to trace where it came from. You can imagine that would 124 00:09:16.000 --> 00:09:20.039 be a concern for people who work in that world. Also, things like 125 00:09:20.120 --> 00:09:26.519 image generators being used to spread misinformation or slander people. There were recently a 126 00:09:26.519 --> 00:09:31.320 story in New Jersey about a school that had a rash of pornographic images of 127 00:09:31.360 --> 00:09:33.799 students. Yeah, you know, go around. I believe Jim Ryan was 128 00:09:33.840 --> 00:09:37.840 talking about this earlier this week, and the concern was that there were no 129 00:09:37.039 --> 00:09:41.320 rules on the books, there was no law to really dissuade against this. 130 00:09:41.480 --> 00:09:45.200 So it's a very new technology and it's very impressive. Again, you can 131 00:09:45.200 --> 00:09:46.600 feed it, you know, a full book pretty much and get it to 132 00:09:46.639 --> 00:09:50.679 translate it for you. You can see what the practical application of that would 133 00:09:50.720 --> 00:09:54.080 be. But there are many very real concerns that are pretty present and already 134 00:09:54.200 --> 00:09:58.360 happening that I think we need to talk about as well when we talk about 135 00:09:58.360 --> 00:10:03.039 this new technology. Okay, what does what does the GPT not do well? 136 00:10:03.120 --> 00:10:09.720 Yet? Again, it is only trained on information as recent as April 137 00:10:09.759 --> 00:10:13.919 of twenty twenty three, So if you ask it about more recent news stories 138 00:10:13.960 --> 00:10:18.120 like, it will not be very good about telling you about the latest going 139 00:10:18.159 --> 00:10:22.559 on in the Israel Hamas war, for example, or other recent news events. 140 00:10:22.960 --> 00:10:26.279 So it's not really meant for that purpose. Open eye, you know, 141 00:10:26.360 --> 00:10:28.799 is kind of dissuading people from thinking about this as a news tool, 142 00:10:28.840 --> 00:10:33.559 maybe more of a tool that can help you find things. And again, 143 00:10:33.639 --> 00:10:37.679 it hallucinates. A recent estimate found that about three percent of queries that you 144 00:10:37.720 --> 00:10:43.559 put into chat GPT come back with false or misleading information. Now they say 145 00:10:43.720 --> 00:10:48.360 that they call it hallucinating. Hallucinating is the term in the AI world. 146 00:10:48.440 --> 00:10:50.720 Yeah, it hallucinates because and again this is kind of one of the major 147 00:10:50.799 --> 00:10:54.879 risk factors of these technologies is that when I go to Google, for example, 148 00:10:54.960 --> 00:10:58.240 right and I type in, you know, good Indian restaurants near me, 149 00:10:58.360 --> 00:11:01.759 it will present me with a page full of links, right like just 150 00:11:01.879 --> 00:11:07.080 I can go through and scan, you know, tends upon tens of links 151 00:11:07.320 --> 00:11:11.159 of nice Indian restaurants near me. Well, if I type that exact same 152 00:11:11.240 --> 00:11:16.559 thing into chant GPT, same text box, it will present me with unanswer. 153 00:11:16.759 --> 00:11:20.759 Right, the answer in its estimation, right, a very confident sounding 154 00:11:20.879 --> 00:11:24.240 this is the best restaurant in your area. Well, that's nice, right. 155 00:11:24.279 --> 00:11:26.840 It cuts down on my work, right, I don't have to do 156 00:11:26.919 --> 00:11:30.120 as much to figure out exactly what the answer to my question is. But 157 00:11:30.320 --> 00:11:33.399 at the same time, it could be wrong, and is that a risk 158 00:11:33.440 --> 00:11:37.559 that we want away? I mean, there are two text boxes right now. 159 00:11:37.600 --> 00:11:39.960 One presents you with a bunch of options but a little bit more work, 160 00:11:41.000 --> 00:11:45.639 and the other presents you with one option and maybe it's wrong. Interesting 161 00:11:45.679 --> 00:11:50.840 balancing act like it takes away choices and presents things as an absolute. Yeah, 162 00:11:50.919 --> 00:11:54.360 any confidence is what the AI is selling here, which is a good 163 00:11:54.399 --> 00:11:58.960 thing and a bit okay. One last question, Yeah, Elon Musk said 164 00:11:58.000 --> 00:12:01.720 that AI could lead to the destruction of all jobs. Does this version lead 165 00:12:01.759 --> 00:12:05.759 us closer to that not so pleasant reality? I mean again, jobs are 166 00:12:05.759 --> 00:12:09.919 a pretty big concern here, right. Obviously you can imagine people who do 167 00:12:11.000 --> 00:12:15.919 a lot of repetitive writing either text entry. You know this would be something 168 00:12:16.000 --> 00:12:20.320 to keep a close eye on copywriters also coders. There was a lot of 169 00:12:20.519 --> 00:12:24.240 talk during yesterday's event about how good this thing is getting at coding. In 170 00:12:24.279 --> 00:12:28.960 fact, they announced this new idea where you can go in and basically make 171 00:12:30.000 --> 00:12:33.440 your own chat gpt right. You can create one that is specific to you 172 00:12:33.440 --> 00:12:37.399 know, southern California news and it will, you know, be very knowledgeable 173 00:12:37.399 --> 00:12:41.840 about that particular thing. Well, that's a concern for a lot of people. 174 00:12:41.080 --> 00:12:45.679 But on the other hand, Elon Musk over the weekend announced that for 175 00:12:45.879 --> 00:12:50.600 some paying subscribers, they're integrating a chatbot it's called grock into x right. 176 00:12:50.679 --> 00:12:54.960 So like he's also got a hand in the AI stuff as well. And 177 00:12:54.559 --> 00:12:58.399 Elon Musk was in part involved in the founding of open Ai, which is 178 00:12:58.600 --> 00:13:03.600 the company that builds this stuff that we've been talking about. So both sides 179 00:13:03.600 --> 00:13:05.080 of his mouth, it's a part of it. I mean, I think 180 00:13:05.080 --> 00:13:07.720 he's raising some valid concerns, but you know, at the same time, 181 00:13:07.759 --> 00:13:11.639 he's got a vested interest in, you know, one company doing better than 182 00:13:11.679 --> 00:13:13.759 another company, So you know, grain of salt as always. All right, 183 00:13:13.840 --> 00:13:16.840 Mike Debuski, thank you so much, appreciate it. You can follow 184 00:13:16.879 --> 00:13:22.320 Mike at Michael Dobuski d o b Uski. Thanks Mike, Thanks guys, 185 00:13:22.320 --> 00:13:24.519 take care bank. Let's get back to some of the stories coming out of 186 00:13:24.519 --> 00:13:28.360 the KFI twenty four hour newsroom. SAG after has rejected what the Hollywood Studio 187 00:13:28.399 --> 00:13:33.679 Is called their last, best and final offer to end the month's long actor 188 00:13:33.720 --> 00:13:37.159 strike. Netflix CEO Ted Sarando says he's still hopeful in agreement will be reached 189 00:13:37.240 --> 00:13:46.000 soon, despite the union's rejection of amtpt's amptp's proposal yesterday. They're ongoing at 190 00:13:46.000 --> 00:13:48.960 the table all day every day and we are trying to get to strike resolved 191 00:13:50.000 --> 00:13:52.720 and get the town back to where sag says, there are still essential items 192 00:13:52.759 --> 00:13:56.919 that can't agree on. AI protections for high earning members remains a key sticking 193 00:13:56.960 --> 00:14:01.399 point. A woman from Monterey Parks appeared during a yoga retreat in Guatemala in 194 00:14:01.440 --> 00:14:07.120 Mexico. Her family says they got a call from the retreat organizer on October 195 00:14:07.200 --> 00:14:11.000 nineteenth, saying the twenty nine year old was missing. They have since reached 196 00:14:11.000 --> 00:14:15.000 out to the State Department, the FBI, and local representatives. The FBI 197 00:14:15.000 --> 00:14:20.720 says the Guatemalan government is the lead agency investigating a police officer in Colorado has 198 00:14:20.720 --> 00:14:24.000 been found not guilty in the killing of a black man who was put in 199 00:14:24.039 --> 00:14:28.279 a neck hold and injected with ketamine by paramedics. Attorney General Phil Wiser says 200 00:14:28.320 --> 00:14:33.639 while he respects yesterday's verdict, he's disappointed at this moment. I'm thinking about 201 00:14:33.720 --> 00:14:37.879 Jennie McClean, who has fought hard to keep her son's memory alive and to 202 00:14:37.960 --> 00:14:43.039 live on as a blessing no mother should go through which she's gone through. 203 00:14:43.120 --> 00:14:48.320 Elijah McLain died in twenty nineteen. The court ruled the officer Nathan Woodyard, 204 00:14:48.639 --> 00:14:54.679 was not with mclan as his condition worsened and other officers continued to restrain him 205 00:14:54.000 --> 00:14:58.919 and Hundreds of American flags are on displaying Mariatta's town Square, saluting men and 206 00:14:58.919 --> 00:15:03.279 women who served or are serving in the military. The fifteenth annual Field of 207 00:15:03.320 --> 00:15:07.480 Honor is part of a week long series of events to honor veterans. The 208 00:15:07.559 --> 00:15:11.320 Muria Ata Rotary Club says the flags will remain up until Sunday following the city's 209 00:15:11.320 --> 00:15:16.919 twenty first annual Veterans Day Parade. On Saturday morning, a sixty nine year 210 00:15:16.919 --> 00:15:22.639 old Jewish man has died after getting into an altercation during dual pro Israel and 211 00:15:22.639 --> 00:15:26.200 pro Palestinian protests in Ventura County. Please say the man died at the hospital 212 00:15:26.279 --> 00:15:31.000 yesterday after hitting his head on the ground. The Ventura County Sheriff's supremacis it 213 00:15:31.000 --> 00:15:35.960 has not ruled out a hate crime. Sag After has given the Hollywood Studios 214 00:15:35.000 --> 00:15:41.080 a counter proposal, following what the AMPTP says was its last, best and 215 00:15:41.200 --> 00:15:46.679 final offer. The Screen Actors Guild says AI is still a big sticking point. 216 00:15:46.679 --> 00:15:48.919 It's not clear if the two sides are going to be talking today. 217 00:15:48.279 --> 00:15:54.480 The victory tour for the world champion El Segundo Little League All Stars continues on 218 00:15:54.600 --> 00:15:56.000 New Year's Day. The team is going to be riding on a float in 219 00:15:56.039 --> 00:16:00.639 the Rose Parade. DirecTV. We'll pick up the costs so the float. 220 00:16:00.960 --> 00:16:03.759 They typically run between three hundred and fifty and four hundred thousand dollars yanks. 221 00:16:04.320 --> 00:16:07.080 At six oh five, it's handle on the news. The captain who abandoned 222 00:16:07.080 --> 00:16:11.799 ship as his dive boat burned has been convicted in the deaths of thirty four 223 00:16:11.840 --> 00:16:14.440 passengers. Bill's going to tell you the latest on that. Right now, 224 00:16:14.519 --> 00:16:17.240 let's say good morning to the host of How to Money here right here on 225 00:16:17.320 --> 00:16:21.600 KFI. It's Joel Larsgard. Good morning, Joel, Good morning Amy. 226 00:16:21.799 --> 00:16:25.120 So, health savings accounts. We've been wanting to talk about this, and 227 00:16:25.159 --> 00:16:27.440 as the year comes to a close and you start planning for next year, 228 00:16:27.679 --> 00:16:30.600 let's talk about them. You love them? What are they and why are 229 00:16:30.639 --> 00:16:33.840 they so great? Yeah, I'm a big fan of health savings account I 230 00:16:33.840 --> 00:16:38.679 can tell by the big side that you let out. They're so misunderstood though, 231 00:16:38.879 --> 00:16:42.159 so many And part of it is because of the naming convention, Like 232 00:16:42.320 --> 00:16:48.519 it's such a poorly named account that people don't understand how effective it can be 233 00:16:48.879 --> 00:16:52.559 in helping them save for retirement. And that's because the name is health savings 234 00:16:52.600 --> 00:16:55.320 account. And so what you think of is, oh, I'm going to 235 00:16:55.360 --> 00:16:56.840 save a little bit of money, and I'm going to save on taxes by 236 00:16:56.840 --> 00:17:03.000 contributing some dollars to this HSA. And then when I have, you know, 237 00:17:03.039 --> 00:17:04.720 a health incident or something like that, I'm going to tap this HSA 238 00:17:06.160 --> 00:17:08.920 and you know, boila, I've been able to save some income tax. 239 00:17:10.000 --> 00:17:12.000 Yes, and that's what I think this account's good for. But the reality 240 00:17:12.079 --> 00:17:18.400 is this account functions best If you're actually investing dollars inside of your HSA and 241 00:17:18.440 --> 00:17:22.359 you're not tapping them for years and years and years, it becomes kind of 242 00:17:22.480 --> 00:17:26.240 a de facto third retirement account that you can use to invest for the long 243 00:17:26.319 --> 00:17:30.920 term. So, in addition to an IRA and individual retirement account, a 244 00:17:30.920 --> 00:17:34.640 workplace retirement account, the HSA is like the third account that most people don't 245 00:17:34.680 --> 00:17:37.799 think of as a way to invest for their future. But it's actually the 246 00:17:37.839 --> 00:17:44.519 most tax advantaged account in existence. Right, so it's triple tax advantage. 247 00:17:44.519 --> 00:17:48.079 Instead of like when in a traditional four one K let's say, right, 248 00:17:48.119 --> 00:17:49.400 you're getting a tax break in the here and now, but eventually you got 249 00:17:49.440 --> 00:17:53.680 to pay the piper down the road. Well, a ROTH version is the 250 00:17:53.720 --> 00:17:56.440 exact opposite. You pay the tax now, you never pay tax again. 251 00:17:56.759 --> 00:18:00.839 Well, an HSA is triple tax advantag So you don't pay tax as your 252 00:18:00.880 --> 00:18:04.200 funnel dollars in, you don't pay tax on the growth, and then you 253 00:18:04.240 --> 00:18:07.400 don't pay tax when you tap the HSA in the future either. That's what 254 00:18:07.480 --> 00:18:12.119 makes it so special. Can it only be used for health stuff? It 255 00:18:12.160 --> 00:18:15.079 can only be used for health things. And so this is where it gets 256 00:18:15.119 --> 00:18:22.039 a little complicated in terms of basically you have to keep receipts from current ear 257 00:18:22.119 --> 00:18:26.839 health expenses that you might incur, pay those health expenses out of just savings 258 00:18:26.839 --> 00:18:30.839 that you have on hand, and then you can tap the HSA. You 259 00:18:30.880 --> 00:18:33.720 can pull money out for those health expenses. Even let's say it's a health 260 00:18:33.720 --> 00:18:37.759 expense you occurred that you incurred in twenty twenty three, Well in twenty forty 261 00:18:37.759 --> 00:18:41.400 three, you can say, I think I want to take that five hundred 262 00:18:41.400 --> 00:18:45.400 bucks based on the health expense in twenty twenty three out now twenty years later, 263 00:18:45.559 --> 00:18:49.839 and what's so fantastic is that account has grown significantly because you've invested those 264 00:18:49.839 --> 00:18:53.160 dollars and so you're still pulling them out tax free, but you're pulling out 265 00:18:53.200 --> 00:18:59.079 an account that's much larger now, which sounds like a good deal no taxing. 266 00:18:59.680 --> 00:19:03.720 Yeah, I mean, it's the only way to avoid taxation altogether. 267 00:19:03.039 --> 00:19:07.039 And we should probably really quickly talk about a cousin to that account the FSA 268 00:19:07.079 --> 00:19:11.160 If I talk about that, absolutely, okay, So that's something else that 269 00:19:11.200 --> 00:19:15.039 people have access to. FSA. The FSA is completely different the Flexible Spending 270 00:19:15.079 --> 00:19:18.960 Account, and there are two varieties of this two flavors, one is for 271 00:19:19.039 --> 00:19:22.359 dependent care expenses and one is for health expenses. And you have to be 272 00:19:22.599 --> 00:19:26.119 since we're an open enrollment season, you have to be really careful about how 273 00:19:26.160 --> 00:19:29.720 much money you're sticking into those accounts, because unlike the HSA, where you 274 00:19:29.759 --> 00:19:33.079 can invest and pull out at any point years down the road, the FSA 275 00:19:33.200 --> 00:19:34.400 is to use it or lose it. And so if you put in too 276 00:19:34.480 --> 00:19:37.119 much money, you might find at the end of the year, and by 277 00:19:37.119 --> 00:19:40.039 the way, a lot of people we're getting towards the end of the year, 278 00:19:40.079 --> 00:19:41.680 you need to check your flexible spending account how much money do you have 279 00:19:41.799 --> 00:19:45.759 left over? Lots of times you can roll over hundreds, like up to 280 00:19:45.799 --> 00:19:49.519 six hundred dollars into the next year, but if you but if you still 281 00:19:49.519 --> 00:19:52.519 have money left over more than that, on top of that, you're going 282 00:19:52.599 --> 00:19:57.160 to want to use spend it on FSA eligible items like sunscreen, tampons. 283 00:19:57.160 --> 00:20:00.759 Those are sorts of things that you can use f S money for most people 284 00:20:00.880 --> 00:20:04.160 like. But if you don't, if you don't spend it down, you 285 00:20:04.200 --> 00:20:08.839 are those those those dollars just to evaporate. They're just gone, Yeah, 286 00:20:10.039 --> 00:20:12.119 what did it? Okay? I have. I never did a flex spending 287 00:20:12.160 --> 00:20:15.279 account, but I have some friends who did because they had kids. They're 288 00:20:15.319 --> 00:20:18.160 like, we know we're going to be having doctor bills with the kids, 289 00:20:18.200 --> 00:20:25.480 so yes them. The dependent care FSA to me makes all is better because 290 00:20:25.759 --> 00:20:27.599 you you pretty much know how much you're going to spend on childcare the next 291 00:20:27.680 --> 00:20:30.680 year, so you're not worried about losing money in that. With the health 292 00:20:32.039 --> 00:20:34.160 the healthcare version of the FSA, you just have to be careful about how 293 00:20:34.200 --> 00:20:37.599 many dollars you put in so that you don't end up losing them, or 294 00:20:37.599 --> 00:20:40.119 that you don't end up with like one hundred and fifty dollars worth of sunscreen 295 00:20:40.160 --> 00:20:42.480 that you don't need, right, So just just be careful, don't It's 296 00:20:42.559 --> 00:20:45.319 nice to get the tax break, but don't let the tax tail wag the 297 00:20:45.319 --> 00:20:49.119 dog funneling too many dollars into the r FSA and the potentially losing some Okay, 298 00:20:49.640 --> 00:20:53.279 real quick. Then we talked about buy now, pay later, coming 299 00:20:53.359 --> 00:20:57.559 to stores. This holiday not your favorite thing, and now it's being offered 300 00:20:57.559 --> 00:21:02.000 for travel. Yeah, I mean it's taken over the world and you can 301 00:21:02.039 --> 00:21:06.680 be in pl anything you want. Now. Yeah, how American? Is 302 00:21:06.720 --> 00:21:08.559 that? Right? But like, yeah, the new statuhow that one in 303 00:21:08.599 --> 00:21:12.960 five Americans are planning to pay for a plane ticket instead of all at once 304 00:21:14.240 --> 00:21:18.640 over time in installments. And I get it. It's an expensive it's an 305 00:21:18.640 --> 00:21:22.279 expensive purchase, especially if you're buying, you know, holiday airfare for the 306 00:21:22.319 --> 00:21:25.880 family. You can get up into four digits right pretty easily. And so 307 00:21:26.039 --> 00:21:27.039 people are like, oh, yeah, it might make sense if I pay 308 00:21:27.039 --> 00:21:32.839 it off over time. But my take is this is gonna this is going 309 00:21:32.920 --> 00:21:36.599 to push a lot of people to buy something that they can't afford, and 310 00:21:36.920 --> 00:21:40.000 because of that, they're going to be paying for it well into the spring. 311 00:21:40.240 --> 00:21:41.400 And so you just have to be careful, Like I'm not a fan 312 00:21:41.599 --> 00:21:44.880 of buy now, pay later, not because of the fees attached to it. 313 00:21:44.920 --> 00:21:48.559 Typically there are none if you pay your installments regularly and you pay pay 314 00:21:48.559 --> 00:21:53.920 it off in full within those four installment periods. But if the problem is 315 00:21:53.960 --> 00:21:57.160 if you're buying more than you can afford and you're paying, we're taking on 316 00:21:57.200 --> 00:22:02.079 this payment buyer mentality as a mayor, and that's what's so dangerous. Okay, 317 00:22:02.240 --> 00:22:04.240 So is it better than a credit card or worse than a credit card? 318 00:22:04.319 --> 00:22:08.000 Because they kind of think effectively do the same things. Yeah, So 319 00:22:08.039 --> 00:22:11.319 the problem with credit cards is that if you don't pay it off. You're 320 00:22:11.319 --> 00:22:14.240 talking about, especially now, a pretty high interest rate attached to it, 321 00:22:14.319 --> 00:22:18.799 right, But there are benefits to using a credit card, including protections that 322 00:22:18.839 --> 00:22:22.799 you have when you use a credit card to buy things. I think, 323 00:22:22.920 --> 00:22:26.279 especially during this holiday season, if you buy something from a retailer and what 324 00:22:26.359 --> 00:22:29.200 you get doesn't match up to what they were selling, like, you have 325 00:22:29.279 --> 00:22:32.240 the right to do a charge back. And the great thing is money's not 326 00:22:32.279 --> 00:22:36.440 out of your account. You're trying to claw back money that would eventually be 327 00:22:36.599 --> 00:22:40.880 you know that isn't actually isn't gone from your fingers yet. So I like 328 00:22:41.000 --> 00:22:45.519 credit cards as a as a method of purchasing, but there are also pitfalls 329 00:22:45.519 --> 00:22:48.640 there too, and so people have to be careful. Like I've got a 330 00:22:48.680 --> 00:22:52.640 post on how to money dot Com about the Golden Rules of using plastic. 331 00:22:52.759 --> 00:22:56.400 You have to make sure you abide by all those things. But if you 332 00:22:56.440 --> 00:23:00.079 can, credit cards are the superior purchasing option. Okay, So howdomoney dot 333 00:23:00.119 --> 00:23:03.079 Com and Golden Rules of using credit cards. I think it's something that we 334 00:23:03.079 --> 00:23:07.839 should all probably review as we head into the holidays. Thank you so much, 335 00:23:07.920 --> 00:23:11.480 Joelarsguard. Always appreciate it and you can hear more with Joel on how 336 00:23:11.519 --> 00:23:17.279 to money with Joel lars Guard here on KFI Sundays noon to two. Thank 337 00:23:17.279 --> 00:23:22.119 you, Amy, Thanks Joel. Some customers still haven't been paid due to 338 00:23:22.200 --> 00:23:26.240 bank deposit delays caused by a human error last week. Banks say the money 339 00:23:26.279 --> 00:23:30.960 is secure, it's just payments that didn't go through need to be resent and 340 00:23:30.000 --> 00:23:33.920 that's going to take time. The Consumer Financial Protection Bureau says the agency is 341 00:23:33.920 --> 00:23:38.240 aware of the issue and is watching. It's election day in some states. 342 00:23:38.400 --> 00:23:42.079 Control of Virginia's legislature is that for grabs all one hundred and forty seats in 343 00:23:42.160 --> 00:23:47.920 Virginia's General Assembly or on the ballot. Voters in Ohio will decide whether to 344 00:23:48.039 --> 00:23:53.440 guarantee abortion access in the state's constitution. Kentucky Democratic Governor Andy Burscheer and Mississippi 345 00:23:53.599 --> 00:24:00.000 Republican Governor Tate Reeves are both running for reelection. Work begins today to stay 346 00:24:00.079 --> 00:24:04.240 and a pair of fifty two tons solid rocket motors into an upright position at 347 00:24:04.240 --> 00:24:10.279 the California Science Center. The rockets will ultimately be on display with a massive 348 00:24:10.359 --> 00:24:15.519 external fuel tank and the Space Shuttle Endeavor in launch position. The Space Shuttle 349 00:24:15.559 --> 00:24:18.200 arrived at the Science Center a year eleven years ago. And I'm going to 350 00:24:18.240 --> 00:24:22.920 give you a little teas that on Thursday, Amy's going to be out and 351 00:24:22.960 --> 00:24:26.839 about and we're going to the California Science Center. You're gonna want to be 352 00:24:26.920 --> 00:24:29.799 tuned in for that. At six oh five, it's handle on the news. 353 00:24:30.000 --> 00:24:33.519 Deal or no deal looks like no deal on the studio's last best and 354 00:24:33.599 --> 00:24:37.960 final offer to SAG After and if I poin fifty, we're going to be 355 00:24:37.000 --> 00:24:41.720 talking to ABC Stephen Portnoy about the fireworks flying in the courtroom at the Trump 356 00:24:41.759 --> 00:24:45.400 trial yesterday and what's next. Right now, though, let's say good morning 357 00:24:45.480 --> 00:24:52.279 to David and Susan Schwartz, the authors of the Amazon bestseller The Joy of 358 00:24:52.400 --> 00:24:56.279 Costco A Treasure Hunt from A to Z. Good morning, David and Susan, 359 00:24:56.200 --> 00:25:00.559 Good morning. It's lovely to be here. Okay. You know, 360 00:25:00.599 --> 00:25:03.839 some people visit all the national parks in the US. They put that on 361 00:25:03.880 --> 00:25:07.359 like their bucket lists or something. Some visit all the baseball stadiums. But 362 00:25:07.519 --> 00:25:11.599 David and Susan went a little different direction and visited all of the costcos in 363 00:25:11.640 --> 00:25:15.240 the US and in thirteen other countries as well. Well, it's not quite 364 00:25:15.240 --> 00:25:18.759 all of them, We've got to be honest. We went to at least 365 00:25:18.759 --> 00:25:22.359 one in every one of the forty six states and also each of the thirteen 366 00:25:22.400 --> 00:25:26.400 other countries. Okay, we lost count at about two hundred and fifty wareholders. 367 00:25:27.839 --> 00:25:33.440 Okay, and why did you decide to go to all these costcos? 368 00:25:33.799 --> 00:25:37.039 Oh? You know, we we love costco We love the quality, we 369 00:25:37.079 --> 00:25:42.559 love the low prices, we love the curated selection. You know, they're 370 00:25:42.599 --> 00:25:48.319 only thirty eight hundred items in a costco versus let's say forty thousand your local 371 00:25:48.359 --> 00:25:52.079 supermarket, are one hundred and forty thousand at a Walmart. But most importantly, 372 00:25:52.160 --> 00:25:55.640 we love the fact that you never know what you're going to find there. 373 00:25:56.440 --> 00:25:57.720 It's always going to be a surprise, you know, treasure hunt. 374 00:25:57.839 --> 00:26:00.839 You know, it's just turned to the holiday season and they're all sorts of 375 00:26:02.079 --> 00:26:06.359 incredible Christmas items and you know, stuff that you would never expect to find. 376 00:26:06.920 --> 00:26:08.119 And you know, you just you kind of hit the nail on the 377 00:26:08.119 --> 00:26:11.799 head too, because you said there's like thirty eight hundred things as opposed to 378 00:26:11.960 --> 00:26:17.680 thousands and thousands there's not so much choice, and I think that that makes 379 00:26:17.680 --> 00:26:23.039 it easier for people to purchase because you don't get stymied by overstimulation. That's 380 00:26:23.039 --> 00:26:26.119 totally right. Mean, Costco takes that problem away from you. At the 381 00:26:26.119 --> 00:26:30.400 home office in Seattle and also around the world, they select only thirty eight 382 00:26:30.480 --> 00:26:34.319 hundred items. To put that in perspective for you, a supermarket's got forty 383 00:26:34.359 --> 00:26:38.640 thousand, a Walmart has got one hundred and forty thousand. Amazon is literally 384 00:26:38.680 --> 00:26:42.640 called the everything store. They have everything. But at Costco it's only thirty 385 00:26:42.640 --> 00:26:47.759 eight hundred items. They're carefully vetted, and they're only marked up at most 386 00:26:47.839 --> 00:26:52.319 fourteen percent above costs. So it's really a lot of fun, a lot 387 00:26:52.319 --> 00:26:56.359 of variety, and great you can rely on the quality and pricing. Okay, 388 00:26:56.440 --> 00:26:59.319 so you go to all these Costcos, and you go into a Costco 389 00:26:59.440 --> 00:27:00.720 in California, and then you go to one in Oregon, and then you 390 00:27:00.720 --> 00:27:03.079 go to one in Utah. I mean, do you have the same experience 391 00:27:03.119 --> 00:27:06.880 and do you walk in and you just walk the halls? Do you purchase 392 00:27:06.880 --> 00:27:11.920 stuff at everyone or do you just go check them out? Okay, true 393 00:27:11.920 --> 00:27:15.759 confessions. Since it's early in the morning, we take a lot of time. 394 00:27:15.799 --> 00:27:19.480 We walked the entire warhouse, and yes, we buy something everywhere, 395 00:27:21.160 --> 00:27:26.119 and it's about forty different around the world. Okay, and I bet Costco 396 00:27:26.200 --> 00:27:29.240 must love you if you're buying it at every store. So you've bend all 397 00:27:29.279 --> 00:27:33.240 these different stores in all these different states and countries. What's are your what's 398 00:27:33.279 --> 00:27:37.480 your favorite Costco? There's got to be one. Well, well, you 399 00:27:37.480 --> 00:27:40.759 know, it would be like revealing who your favorite child is. But I'll 400 00:27:40.799 --> 00:27:44.920 tell you a number ones that we really love. There's a there's a Costco 401 00:27:45.079 --> 00:27:48.880 in Mexico, right outside of Mexico City that has a rooftop that they put 402 00:27:48.960 --> 00:27:56.400 up there with a skateboard. Oh, you're cutting out. It has a 403 00:27:56.279 --> 00:28:00.599 community center and it's just it's just wonderful. It's beautiful, and it has 404 00:28:02.119 --> 00:28:06.160 it has a skateboard. We had, we lost you for a second. 405 00:28:04.480 --> 00:28:10.599 It has a skateboard park on the roof, along with a contemplative garden and 406 00:28:10.640 --> 00:28:14.200 a power board court, and it's just a magnificent facility that's open to the 407 00:28:14.200 --> 00:28:18.599 community. Oh, we need one of those in the US, all right, 408 00:28:18.680 --> 00:28:22.440 So you guys are Costco pros. What are some secrets to getting and 409 00:28:22.480 --> 00:28:26.960 watching for the best deals at your favorite warehouse. Well, first a disclaimer, 410 00:28:26.000 --> 00:28:29.599 we do not work for Costco. We're totally independent, okay, and 411 00:28:30.000 --> 00:28:33.720 Costco did not fund this project. We did it ourselves. So I'll tell 412 00:28:33.759 --> 00:28:37.079 you one a couple of things. One is early in, early out. 413 00:28:37.799 --> 00:28:42.000 They are already full throttle in holiday season, so if you want to get 414 00:28:42.039 --> 00:28:45.160 in now and get it out, they'll be sold out quickly. Another thing 415 00:28:45.240 --> 00:28:49.039 is walk every aisle because you never know what you'll find. And then a 416 00:28:49.079 --> 00:28:56.839 really favorite tip is the death star at the death star the death stasterisk at 417 00:28:56.839 --> 00:29:00.119 the top of the price tag, and it indicates the other will be discontinued, 418 00:29:00.200 --> 00:29:04.200 either temporarily or permanently very soon. So if you see that stock up, 419 00:29:04.559 --> 00:29:08.279 and does that also mean that it might be on sale, because there's 420 00:29:08.279 --> 00:29:11.799 a way to tell if stuff is actually marked down, right, Yeah, 421 00:29:11.880 --> 00:29:15.359 if it doesn't end in nine to nine, then it's a sale that's either 422 00:29:15.359 --> 00:29:19.920 from the retailer or from the warehouse. It's it's a pretty complicated ougor. 423 00:29:21.000 --> 00:29:22.640 Then we cover it in the book. Okay, and your book is the 424 00:29:22.720 --> 00:29:26.000 Joy of Costco. A treasure hunt from A to Z. I love this, 425 00:29:26.039 --> 00:29:30.839 Where can you get it? Anywhere in the US and Canada. It's 426 00:29:30.839 --> 00:29:36.279 sold widely. Your favorite bookstore, your bookstores, little bookstores, and also 427 00:29:36.400 --> 00:29:38.880 Costco and also Costco. It is a Costco Okay, well, of course 428 00:29:38.880 --> 00:29:41.319 it is. I hope that they give you, guys a lifetime membership or 429 00:29:41.319 --> 00:29:44.680 something. I think you deserve it. Thank you so much, David and 430 00:29:44.720 --> 00:29:48.400 Susan Schwartz, Happy Costco ing. I know that our the host of Bill 431 00:29:48.440 --> 00:29:53.240 Handle or Handle in the Morning here on KFI would probably love you guys, 432 00:29:53.279 --> 00:29:56.559 so he's a big Costco fano. Thank you. We just we just finished 433 00:29:56.559 --> 00:30:00.519 our road trip from Younger New York to your Linda, California, and we're 434 00:30:00.519 --> 00:30:03.640 heading to LA today. We're so excited to see the LA stores. They 435 00:30:03.720 --> 00:30:07.960 really well they have food courts outside, yes they do. And check out 436 00:30:07.960 --> 00:30:11.319 the Burbank store. That's my personal favorite. Oh oh, we love that 437 00:30:11.799 --> 00:30:15.720 there, all right there. Thanks David and Susan. Take care. Oh 438 00:30:15.759 --> 00:30:18.759 thank you. You know what, what a fun job. We're going to 439 00:30:18.759 --> 00:30:22.920 go to every Costco in the United States and fourteen different countries, and then 440 00:30:22.920 --> 00:30:26.960 we're going to write a book about it. Too fun. Let's get back 441 00:30:26.000 --> 00:30:29.440 to some of the stories coming out of KFI. Twenty four hour Newsroom. 442 00:30:29.519 --> 00:30:32.279 A sixty nine year old Jewish man has died after being hit in the head 443 00:30:32.359 --> 00:30:37.400 during dual pro Israeli and pro Palestinian rallies in Thousand Oaks. Rabbi Moisha Breisky 444 00:30:37.519 --> 00:30:41.920 says the man was not trying to hurt anyone. He just heard that there 445 00:30:41.960 --> 00:30:45.319 was demonstrations taking place. He loves Israel, He's proud of being a Jew, 446 00:30:45.400 --> 00:30:48.599 and he went to us to wave his flag. He died at the 447 00:30:48.599 --> 00:30:52.920 hospital of a severe head injury yesterday. The Jewish Federation of Greater La says 448 00:30:52.960 --> 00:30:56.920 a pro Palestinian protester hit him in the head with a megaphone and he fell 449 00:30:56.960 --> 00:30:59.920 to the ground, hitting his head on the ground. Investigators say this qual 450 00:31:00.119 --> 00:31:03.799 could qualify as a hate crime. The Israeli military is going to have screenings 451 00:31:03.839 --> 00:31:08.039 in Hollywood and New York of the raw footage from the Hamas attacks on Israel. 452 00:31:08.119 --> 00:31:11.880 The footage reportedly comes from body worn cameras found on Hamas militants and is 453 00:31:11.880 --> 00:31:15.759 said to have captured gruesome beheadings, rapes, and other atrocities. Director for 454 00:31:15.799 --> 00:31:21.119 the American Jewish Committee, Richard Hershout, says Hamas has terrorized both Jews and 455 00:31:21.240 --> 00:31:25.960 Palestinian. We talk about the loss of life in Gaza. That is a 456 00:31:26.000 --> 00:31:32.119 tragedy, and it is also a tragedy that Hamas terrorists have embedded themselves among 457 00:31:32.240 --> 00:31:36.640 the civilian population. Forty five minute screenings will run tomorrow at an auditorium, 458 00:31:36.680 --> 00:31:41.119 but a location has not yet been released. Chris Adler, Kafi News And 459 00:31:41.200 --> 00:31:44.880 on a more positive note, forty five minutes to open checks, Yes, 460 00:31:45.599 --> 00:31:48.000 Yes, Jee. The Bear has been renewed for a third season. The 461 00:31:48.079 --> 00:31:52.480 hit show about a chef who comes back to run his family's business, will 462 00:31:52.519 --> 00:31:56.160 return in twenty twenty four. The first season has been nominated for thirteen Emmys. 463 00:31:56.240 --> 00:32:00.160 The second season, which dropped on Hulu in June, has a ninety 464 00:32:00.200 --> 00:32:05.440 nine percent rating among critics and a ninety two percent score on Rotten Tomatoes. 465 00:32:05.519 --> 00:32:08.480 I'm a huge fan of the Chef, so glad it's coming back. A 466 00:32:08.519 --> 00:32:13.440 sixty nine year old Jewish man has died after getting into a fight during dual 467 00:32:13.680 --> 00:32:17.400 pro Israel and pro Palestinian protests in Ventura County. Polisse died at the hospital 468 00:32:17.440 --> 00:32:22.240 yesterday after hitting his head on the ground Saturday. The Ventura County Sheriff's Department 469 00:32:22.240 --> 00:32:24.759 says it has not ruled it out as a hate crime. Sag after has 470 00:32:24.759 --> 00:32:30.960 given the Hollywood Studios a counter proposal following what the AMPTP said was its last, 471 00:32:31.119 --> 00:32:36.400 best and final offer. The Screen Actors Guild says AI is still a 472 00:32:36.480 --> 00:32:38.680 main sticking point. Says there are several things they haven't agreed on. Not 473 00:32:38.759 --> 00:32:42.880 clear if the two sides are going to be talking today. The victory tour 474 00:32:43.000 --> 00:32:46.359 for the world champion El Segundo Little League All Stars will continue on New Year's 475 00:32:46.400 --> 00:32:50.279 Day. The team's going to be riding on a float in the Rose Parade. 476 00:32:50.440 --> 00:32:52.920 Direct TV's going to pick up the tab for the float, which typically 477 00:32:53.000 --> 00:32:59.279 runs between three hundred fifty thousand and four hundred thousand dollars. We're just minutes 478 00:32:59.279 --> 00:33:01.480 away from him on the news this morning. President Biden is getting calls to 479 00:33:01.559 --> 00:33:07.440 call it quits after new polls show him losing to former President Trump in several 480 00:33:07.480 --> 00:33:13.960 battleground states. Let's say good morning to ABC's national correspondent Stephen Portnoy. Good 481 00:33:13.960 --> 00:33:16.079 morning, Steven. No big surprise. Sparks were flying in a New York 482 00:33:16.160 --> 00:33:22.799 courtroom as the former president took the stand. Donald Trump sat on the witness 483 00:33:22.839 --> 00:33:29.559 stand. Yesterday for about four hours as he was probed for information in the 484 00:33:29.599 --> 00:33:34.039 case being brought by the New York State Attorney General. The allegations which the 485 00:33:34.200 --> 00:33:38.480 judge presiding over the case has already adopted as fact, involve the inflation of 486 00:33:38.680 --> 00:33:44.680 Donald Trump's wealth, his net worth, the value of his properties. And 487 00:33:44.880 --> 00:33:47.200 really this is the penalty phase of a trial. The determination has already been 488 00:33:47.240 --> 00:33:51.200 made by the judge presiding over it that Donald Trump and his organization did commit 489 00:33:51.240 --> 00:33:53.480 fraud. The other question for the judge to answer now is what should be 490 00:33:53.480 --> 00:33:57.839 done about it? What should the penalty be two hundred and fifty million dollars, 491 00:33:59.400 --> 00:34:02.880 possibly the stripping of Donald Trump's business licenses in the state of New York, 492 00:34:05.160 --> 00:34:09.199 having the properties Trump Tower and all the others turned over to a receivership 493 00:34:09.480 --> 00:34:13.960 to be spun off to third parties. I mean, that's what's at stake 494 00:34:14.000 --> 00:34:16.000 for Donald Trump. As he sat in the courtroom of the judge who's already 495 00:34:16.039 --> 00:34:20.199 ruled against him, and the judge will decide whi should happen next, and 496 00:34:20.239 --> 00:34:23.000 Donald Trump says that the whole thing's a scam, a case that had never 497 00:34:23.079 --> 00:34:27.159 been brought. And he said that the judge of the judge, he always 498 00:34:27.199 --> 00:34:31.679 rules against me, is a very unfair trial. Yesterday, over the course 499 00:34:31.719 --> 00:34:36.519 of his testimony, the judge tried to rain Trump in, saying he was 500 00:34:36.559 --> 00:34:38.599 long winded. This is not a political rally, it's a courtroom. You 501 00:34:38.599 --> 00:34:40.519 could attack me, you could do whatever you want, but you have to 502 00:34:40.519 --> 00:34:44.559 answer the questions. At one point he was so exasperated the judge turned to 503 00:34:44.599 --> 00:34:46.760 Trump's lawyers and said, if you please control your client. It was a 504 00:34:46.760 --> 00:34:51.159 bit of a show, to say the least. But by the end of 505 00:34:51.159 --> 00:34:54.519 his testimony, Donald Trump provided information that may be helpful to the Attorney General's 506 00:34:54.639 --> 00:34:59.519 side of the case. He said that from time to time, as he 507 00:34:59.559 --> 00:35:02.679 was revealing his financial statements, which his accounts prepared, he would on occasion 508 00:35:02.920 --> 00:35:08.480 make some suggestions that perhaps his properties were not valued the way he thought they 509 00:35:08.480 --> 00:35:14.960 should be, that his Trump Tower triplex should be listed larger, or his 510 00:35:15.039 --> 00:35:19.800 Seven Springs estate north of New York City, the valuation was too high and 511 00:35:19.840 --> 00:35:23.079 should perhaps come down. And the attorney generally yesterday said that despite the insults, 512 00:35:23.119 --> 00:35:28.119 despite the show that was put on in the courtroom, that the evidence 513 00:35:28.360 --> 00:35:31.800 will demonstrate that Donald Trump did in fact inflate his net worth in violation of 514 00:35:31.800 --> 00:35:35.599 the laws of the state of New York. Now, Trump himself will have 515 00:35:35.639 --> 00:35:37.960 his own opportunity to make his case, I mean, through his attorneys. 516 00:35:38.559 --> 00:35:44.199 Starting next week, they'll call witnesses who will testify that the banks themselves were 517 00:35:44.199 --> 00:35:47.960 never really damaged by this, that they knew what they were getting into it, 518 00:35:49.000 --> 00:35:53.119 in fact profited made money, and that Donald Trump should not be stripped 519 00:35:53.119 --> 00:35:58.079 of his business licenses, or that there shouldn't be a huge financial penalty to 520 00:35:58.119 --> 00:36:01.159 pay. But the judge so far is already determined that Donald Trump did commit 521 00:36:01.199 --> 00:36:06.840 fraud. And so this case obviously isn't over. It's still playing out. 522 00:36:07.119 --> 00:36:09.840 But yesterday it was a bit of a spectacle as the man who was president, 523 00:36:09.840 --> 00:36:14.480 who hopes to be president again, sat at the witness table, the 524 00:36:14.480 --> 00:36:17.960 witness stand and got into it with the judge and insisted, not just inside 525 00:36:19.000 --> 00:36:22.960 the courtroom but out of it that it's all a scam perpetrated against him for 526 00:36:22.079 --> 00:36:28.119 political retribution and for those kinds of comments that he makes outside the courtroom. 527 00:36:28.159 --> 00:36:32.039 Are those things that might violate the gag order that he has against him? 528 00:36:34.280 --> 00:36:37.119 Well, I don't know. There have been occasions where the former president has 529 00:36:37.159 --> 00:36:40.920 been sanctioned by this judge for the statements he's made on social media and outside 530 00:36:40.920 --> 00:36:45.159 the courtroom. I don't know that anything he said yesterday crosses a particular line, 531 00:36:45.280 --> 00:36:49.039 okay. And there was no cross examination, right, This was the 532 00:36:49.079 --> 00:36:55.000 prosecution questioning Trump. Correct. Yeah, an interesting decision to make, you 533 00:36:55.039 --> 00:37:00.880 know. I guess the defense didn't really feel as though it needed to ask 534 00:37:00.920 --> 00:37:02.800 any questions. In fact, Christopher Kaise, who's representing the former president, 535 00:37:02.840 --> 00:37:07.400 said that it was what he heard yesterday was the best testimony for many witness 536 00:37:07.599 --> 00:37:12.079 he's ever heard in his thirty plus years of practicing law. So no need 537 00:37:12.119 --> 00:37:15.079 to ask any questions because what he said under direct examination from the Attorney General's 538 00:37:15.079 --> 00:37:22.039 office was good enough to make the case. Okay, So if can Trump 539 00:37:22.119 --> 00:37:25.639 appeal this when they assess the penalties or whatever? Oh? Yes, in 540 00:37:25.639 --> 00:37:31.039 fact, he's already appealed the judgment. And look, the argument that will 541 00:37:31.039 --> 00:37:36.880 be made is one that I can't get into right now, or I don't 542 00:37:36.880 --> 00:37:39.679 fully understand myself, to be honest with you, why it is that you 543 00:37:39.679 --> 00:37:43.360 know, Trump could possibly win an appeal when a finding a fact that's been 544 00:37:43.400 --> 00:37:46.440 made by the judge, But it will be appealed, and ultimately it'll be 545 00:37:46.480 --> 00:37:51.239 appealed to New York's highest court. You'd imagine if the highest court is able 546 00:37:51.280 --> 00:37:54.239 and willing to take the case, and you know that'll play out over the 547 00:37:54.320 --> 00:38:00.039 years I imagined to come. The immediate question in the political context is will 548 00:38:00.119 --> 00:38:05.719 this judge say to the former president that you are now no longer able to 549 00:38:05.719 --> 00:38:07.480 do business in the state where you made your name, where you made your 550 00:38:07.519 --> 00:38:12.320 brand. You're no longer able to own the towers with your names on them. 551 00:38:12.400 --> 00:38:15.320 That's that's going to be a tough hit for him because that's his baby 552 00:38:15.440 --> 00:38:19.280 real estate, right Well, it's it's it's the idea. The idea in 553 00:38:19.320 --> 00:38:22.880 the public mind is that Donald Trump was a New York City real estate mogul 554 00:38:22.199 --> 00:38:30.039 and that he truly you know, made himself and and and demonstrated to the 555 00:38:30.039 --> 00:38:34.840 whole world how he knew the art of the deal. But if the judge 556 00:38:34.840 --> 00:38:37.519 in this case finds that it was all a fraud, or that's a significant 557 00:38:37.519 --> 00:38:43.079 amount of fraud was perpetuated as part of all this, that could have an 558 00:38:43.079 --> 00:38:45.440 impact on the public mind. And that is perhaps why Donald Trump is not 559 00:38:45.599 --> 00:38:50.719 just you know, going after the judge inside the courtroom, but also outside 560 00:38:50.760 --> 00:38:53.880 the courtroom because he understands the damage it could possibly do to his reputation at 561 00:38:53.880 --> 00:38:58.719 this key moment in time. Okay, so what's next. Now he's done, 562 00:38:58.840 --> 00:39:00.599 and now Ivanka takes this and tomorrow right, Well, that's right. 563 00:39:00.599 --> 00:39:06.719 So Ivanka Trump will take the stand as her brothers Eric and Don Junior already 564 00:39:06.719 --> 00:39:08.880 have, and it's expected that she'll testify in the same way that the brothers 565 00:39:08.880 --> 00:39:12.760 did that she didn't have anything to do with any of this. And then 566 00:39:12.800 --> 00:39:15.559 next week the Donald Trump side of the case will be brought by his attorneys 567 00:39:15.559 --> 00:39:19.079 and that could take a few weeks, and then the judge will decide what 568 00:39:19.079 --> 00:39:22.079 should be done. Okay, thanks for explaining all the fireworks, you bet. 569 00:39:22.440 --> 00:39:25.159 Thanks. Let's get back to some of the stories coming out of the 570 00:39:25.199 --> 00:39:29.599 KFI twenty four hour newsroom. Voters in several states going to the polls this 571 00:39:29.719 --> 00:39:32.320 off year election day. There are races for governor in Mississippi and Kentucky. 572 00:39:32.400 --> 00:39:37.039 Voters in Ohio are going to decide on a state constitutional right to abortion, 573 00:39:37.519 --> 00:39:40.079 Voters in Uvalde, Texas will pick the next mayor, and voters in New 574 00:39:40.159 --> 00:39:45.280 York could put an exonerated member of the Central Park five on the city Council. 575 00:39:45.760 --> 00:39:49.920 At least thirty five thousand culinary workers and bartenders in Las Vegas have threatened 576 00:39:49.920 --> 00:39:52.960 to go on strike if they can't make a deal with casino, hotel and 577 00:39:52.039 --> 00:39:58.400 restaurant employers. The union says it'll strike Friday if MGM, Caesar's and Win 578 00:39:59.039 --> 00:40:02.239 don't agree to memor demands. This worker says she's ready to hit the picket 579 00:40:02.280 --> 00:40:07.000 lines now. We've worked hard for these companies. We deserve to not be 580 00:40:07.119 --> 00:40:10.159 left behind. We deserve to not have our hours cut. We deserve to 581 00:40:10.199 --> 00:40:15.119 not have to work two and three stations. The threat of a strike comes 582 00:40:15.199 --> 00:40:17.239 is the city gets ready to host the Formula one Grand Prix, which is 583 00:40:17.280 --> 00:40:22.519 expected to draw thousands of tourists to the Strip. The office space sharing company 584 00:40:22.559 --> 00:40:25.719 we Work has filed for bankruptcy in New Jersey. The company, which leases 585 00:40:25.760 --> 00:40:30.119 seven hundred and seventy seven locations around the world, says the finaling yesterday is 586 00:40:30.159 --> 00:40:34.760 limited to locations in the US and Canada. We Work reported liabilities ranging from 587 00:40:34.800 --> 00:40:39.639 ten to fifty billion dollars. The company was valued at forty seven billion dollars 588 00:40:39.679 --> 00:40:52.199 in twenty nineteen. And remember the Great resignation, Well that's over now. 589 00:40:52.599 --> 00:40:59.159 Too few people are leaving their jobs. Turnover has declined so steeply at some 590 00:40:59.320 --> 00:41:04.960 large employers that companies are saying they are over budget and they now have to 591 00:41:05.280 --> 00:41:09.000 weigh whether to put some projects off or cut staff as the end of year 592 00:41:09.039 --> 00:41:14.039 of the year approaches. Other bosses say they're worried about how to keep their 593 00:41:14.159 --> 00:41:20.199 best workers engaged when there are fewer vacant positions to move up, makes them 594 00:41:20.199 --> 00:41:23.320 harder to get into new roles. Attrition is low. Morgan Stanley says new 595 00:41:23.360 --> 00:41:30.119 people staying on the job has prompted layoffs for them, and employers are trying 596 00:41:30.119 --> 00:41:32.320 to kind of do that dance between how many staffers are going to quit in 597 00:41:32.360 --> 00:41:37.400 a given year to set budgets for teams and set up hiring plans, and 598 00:41:37.440 --> 00:41:43.920 they say those models are all off because people are just sticking around. A 599 00:41:43.960 --> 00:41:49.679 full reversal from the gray resignation. Very interesting. This is KFI and KOSTHD 600 00:41:49.840 --> 00:41:53.360 two Los Angeles, Orange County live from the KFI twenty four hour newsroom. 601 00:41:53.440 --> 00:41:55.920 I'm Amy King. This has been your wake up call, and if you 602 00:41:55.960 --> 00:42:00.880 missed any wake up call, you can listen anytime on the iHeart Radio app. 603 00:42:00.039 --> 00:42:04.320 You've been listening to Wake Up Call with me Amy King. You can 604 00:42:04.400 --> 00:42:07.280 always hear Wake Up Call five to six am Monday through Friday on kf I 605 00:42:07.440 --> 00:42:12.920 Am six forty, and anytime on demand on the iHeartRadio app