Km I AM six forty. You're listening to wake Up Call on demand on
the iHeartRadio app. It's time for your morning wake up call. Here's Jason
Middleton. Good morning everybody, Monday morning. This is your wake up Calls
June twenty sixth Just in case, this is KFI and ko SThD two,
Los Angeles, Orange County. When you have to get up early the next
morning, do you find it tough to go to sleep the night before?
Not always, I understand, but this is an occupational hazard. Last night
I went to bed. I gotta get up around two thirty, and so
I go to bed and I think, why is Batman one word? Spider
Man is hyphenated and iron Man is two words. That's what kept me up.
Then I wake up in the morning at two thirty. My alarm goes
off. I go to put my pants on shortly thereafter, and as Spider
falls out the bottom of the lag the pants as I'm putting it on.
Yeah, so I pulled that Polo bricks on my No encounters with iron or
bats counters? What do you mean count encounters encount Oh? I didn't have
any run ins, no with a bat or any iron by not yet,
but thanks Tyler, I guess I have something to look forward to tomorrow morning.
Get a few headlines before we get going to wake up call this morning,
and again it's Monday. It's June twenty sixth. The special election to
fill the vacant sixth district LA City Council seat is tomorrow. Community Relations Manager
Emelda Padilla or City Council aid Marissa Alcarez will fill the seat left behind by
former council President Nouri Martinez. The Coastguard is launching a formal investigation into the
recent implosion of a submersible. Query got started yesterday and is a top level
priority, according to the Coastguard, World leaders are processing the diverted rebellion of
Russian mercenaries against Moscowcretary State B Lincoln says the short lived rebellion by a private
force shows real cracks in the Russian power structure. We're going to talk more
about that in just a few minutes with an ABC correspondent. Let's start with
some of the stories coming out of the KFY twenty four hour news room.
The La County Sheriff's Department says it's trying to figure out why an employee killed
two residents of a care home facility in Diamond Bar. Jepanties were called to
the scene on Sapphire Canyon Road, and when they arrived, they say they
found two elderly women dead in the same room. Sources with knowledge that the
story say a caretaker called nine one one Saturday morning and may have admitted to
killing the women. Some reports said the women had been shot, but sources
say the two were bound, possibly gagged, and then suffocated with bags over
their heads. Sheriff's investigators would not confirm the report, but did say they
arrested John Chun Lee, a night shift nurse. Investigators say the homes occupied
by Korean Alzheimer patients. Steve Gregory k if I News. A mother in
Adalanto has been arrested on suspicion of murdering and torturing her seven month old.
The San Bernardino County's Department says deputies responded Saturday morning. They say they found
a baby with trauma consistent with child abuse and not breathing. The infant was
taken to the hospital, where doctors pronounced the seven month old dead. Twenty
dogs rescued from China's meat trade are expected to arrive in LA to find their
forever homes. The rescued dogs include sixteen Golden Retrievers, two Corgies, one
poodle, and one malamute. The rescue was a team effort between different animal
advocacy groups, including the SPCA. International. Advocates say many of the dogs
rescued in China are pets who are stolen and then shipped off to slaughterhouses.
Once they fly into Lax Tuesday, the dogs will be sent to new homes
throughout the US. Chris Adler KFI News, the person accused of shooting and
killing five people and hurting seventeen others at a gay nightclub in Colorado Springs is
expected to plead guilty. The alleged shooter could get a life sentence in prison.
Family members and survivors are expected to speak at the hearing. The accused
shooter, who is non binary and uses they and then prone, has been
arrested over a year before the attack for threatening their grandparents and vowing to become
the next mass killer. Now, in a couple of minutes, we are
going to actually let's talk to ABC Shannon Crawford. Right now, we have
a compelling story over the weekend that happened the first topic of the day today.
Actually it's the rebellion from Russian mercenaries against the Kremlin and Moscow. The
short lived threat over the weekend is having a ton of fallout around the world
today. It was the topic of the Sunday yacht shows for sure, ABC.
Shannon Crawford, welcome to Wake Up Call, Thank you very much,
And yes, officials are still trying to make heads or tails of what happened
over the weekend. Really a whirlwind forty eight hours that saw Vladimi and Putin
faced his first real threat to his grasp on power in Russia in his over
two decades of rule. And what is Secretary of Staint Anthony blinkoln and other
world leaders taking about this. I mean, I just said that the real
cracks apparently in the Kremlin. But it's been kind of like tight information coming
out of both sides right now, that's right. There still a lot of
mystery to this. We don't We haven't seen Vladimir Putin since the apparent true
steal was made with even he progoes him. He's a leader of the Wagner
group that private army you mentioned and from the US side. From the Western
side, they've been very muted. One. They are very careful. They
don't want to appear to be weighing in on either side, supporting either side,
because you know, both the Wagner Group and the Kremlin are seen as
bad actors by the US, but they also want to encourage Ukraine, push
Ukraine to do what they can while so many of these mercenary troops are away
from their posts to make progress in their counter offensive, which is now in
its third week, and we know whether they're able to do that. There
have been some initial signs that yes, they are, especially in the bach
Moot region, they've been able to capitalize on this. But there's also an
underlying concern that Vladimir Putin, as we faced this really unprecedented circumstance, that
he could lash out, that he could take dramatic steps that so far he
has been you know, has restrained himself from doing in Ukraine or elsewhere.
So Shannon wasn't the leader of the Wagner Group or is or was a crony
of Vladimir Putin. So is that adding to some of the mystery as to
why this may have transpired. That's right, he was a longtime ally of
Vladimir Putin, who's called Putin Chef because he, you know, would make
anything happen for him, he would dish it up. But basically what his
issue was with the Kremlin's top military brass, that's Progosion took issue with how
they were running things in Ukraine. Specifically, he said that, you know,
his men were really his mercenaries, were being thrown into the meat grinder.
So over the last couple of months he's become more and more vocal with
that kind of criticism. So this was a kind of a long festering disagreement
that really just bumped up, and the US officials said it one side,
It wasn't surprising because they've been tracking this, this conflict, this you know,
war of words so far. But I don't think anybody really expected it
to escalate just as rapidly as it did. Yeah, and rapidly. He
moved quickly to the Wagner group moved quickly towards Moscow. I mean apparently that's
they'd stopped just short of about one hundred and twenty miles short of Moscow,
right, yes, exactly, and actually Moscow and military Moscow's military vehicles were
about sixty miles away, So it shows you how close we came to calamity
from those Progosians fighters. Yes, and he claimed to have twenty five thousand
men marching, so those aren't exactly verified numbers, but it just shows you
how truly otherworldly this is. So we're speaking with ABC Shannon Crawford about this
weekends would be rebellion in Russia. You mentioned they're the war of words that's
been going on. Some of the analysis since this weekend has been that Putin
has a bunch of yes people around him, and so he doesn't get to
hear the truth very often when it comes to what's happening on the ground.
Is this playing out at all in the war and on the ground in Ukraine,
That's right. I think US officials have become increasingly convinced that, you
know, Putin really does live in a bubble. He's not seeing the just
the circumstances that his fighters are facing, or the circumstances that his people are
facing, you know, on the streets of Russia. As you know,
sanctions and other other measures to counter Putin's aggression that really started to take effect.
But you know, there's still at it juries out on whether that you
know, the popularity switch, whether there will be any kind of you know,
any kind of uprising or just prevailing discontent among the Russian people. So
this really was a flashpoint when we did see Provostion kind you know, turn
his forces towards Moscow. But what Putin does going forward is going to be
very telling, you know. So far, as I said, we haven't
seen him in the aftermath, and you know, even his secretary of Defense
was touring what Russian media said was Ukrainian battlefield. That was unclear where exactly
he was when that footage was was captured. But there's been a you know,
very muted response from Moscow. And I think in a way, you
know, dad could be telling because you know, Putin is not out there,
He's not you know, kind of making his case for why he is
still in control of Russia. It's something to track is whether he does ultimately
lash out against his military top brass and now Putin is someone who doesn't like
to make decisions under pressure. He doesn't want to appear reactionary. So this
is something that we could have to keep a close tab on for really the
week's end, maybe even months ahead, as the fallout from this will continue
to percolate. I think that's an excellent point you make about the muted response
from the Kremlin. I mean, if you if you were a blog poster
and it was anti Putin, you could wind up in the Gulag pretty quick
or disappeared, and that doesn't seem to be happening on this one. And
to just to reiterate the point, we do not know yet where you have
getting progosion of progosion is right now, right, that's right. He is
believed to be reported to be in Belarus. But I just want to emphasize
that Belarus isn't exactly you know, a safe place for him if he is
trying to you know, flee control of the Kremlin, flee any repercussions from
this, because really Belarus has become an extension of Russia. It's President Lukashenko.
He is, you know, as as much of a yes man as
it comes way, you know, in regards to Vladimir Putin, so he
will definitely take directions. Now, even though this truce had appeared that the
messaging at least around it was that, you know, these two mooring factors
were ready to move on or you know that they're ready to put this attempt
to coup behind them. But right now there's still a case against Progosion open
in Russia's judicial system that has not been closed. So you know, we're
still we're still waiting, and I'm wondering where this fallout is all going to
go because I don't think Progosion is out of the woods in any sense of
the term there So he could definitely still you know, face some very serious
repercussions. He could get out of this with his life, but it seems
that you know, of all analysts are in agreeans that his political future is
probably dead in Russia. I see anything official today from the State Department on
the itinerary or agenda as far as announcements or briefings, Well, there's nothing
official here. Secretary of b Lincoln has been you know, traveling the world.
He was in China, he was in London. He's been dialed into
this. We heard from him over the weekend. So right now there's nothing
official. We will have a briefing where hopefully we'll get some more questions at
least be able to take the temperature of where the US is on this and
really to see if you know, they do think that Ukraine can continue to
make some gains in this chaos, or whether Russia might you know, lash
out, whether there might be any new threats now. So far in Washington,
they've been very clear they do not see any reason to change the posture
towards the nuclear threat or anything else right now. But you know, this
situation it's still you know, it was a big deal. It continues to
be a big deal. So we could see you know, Moscow really you
know, taking their time calibrating and you know, going forward from here.
Thank you so much. I imagine we're going to be speaking again this week.
Thanks again, Shannon, Thank you, ABC State Department reporter Shannon Crawford.
There, let's get back to a couple of stories coming out of the
KFI twenty four hour newsroom and analysis ranks California number one for investment fraud with
about one hundred and seventy six thousand dollars per scam. California coughed up eight
hundred and sixty nine million of the three point eight billion dollars lost last year.
The Carlson Lost study analyzed FTC and FBI data. Top scams to avoid
this year one AI or deep fake fraud. The analysis highlighted a fake video
of Elon Musk scamming Mini to buy fake stock. Two crypto IPOs milking seed
money for fake companies, three phantom property scams for non existent real estate,
and good old Ponzi schemes round out the list at number four. The analysis
found North Dakota to be the hardest state to do. Corbin Carson kf I
News Southwest Airlines has reached a tentative deal with the union representing mechanics and aircraft
inspectors. The agreement, announced Friday, must be approved by some twenty eight
hundred workers. The airline is still negotiating deals with pilots and flight attendance LAPD
is investigating after a knife wielding homeless man was shot by officers. The man
was shot early yesterday morning after allegedly carrying a knife into the lobby of a
hotel near Little Tokyo. The US Coast Guard is launching a formal investigation into
the deadly implosion of the Titan submersible that killed all five on board. The
investigation what's announced yesterday in Boston. Russian Mercenary leader you have Guinny Progosian apparently
still faces charges for leading an armed insurrection over the weekend. Progoshan led his
men the Wagner Group, into Russia, but stopped short of reading Moscow.
This needs to be a fluid situation. We'll have more on that all morning.
At five thirty ish, we're going to talk with Jack Gold. He's
a Silicon Valley and tech sector analyst. We're gonna talk about five G and
we're gonna talk about some consumer tech trends. Jack was on my show in
Silicon Valley for years and we've asked him to come back and join us for
this. And right now I think we're going to go ahead and we do
we have we don't have anybody yet. Okay, good, I'm saving this
one then, because we're are going to talk about connectivity rolling out. That
was an embargoed story. Where have more on and in just a few minutes
after some you know, some more headlines out of the KFI twenty four hour
newsroom. People traveling during their summer vacation have experienced another roadblock in the sky.
The FA last night forced to issue a temporary ground stop for all planes
in and out of Washington, DC area airports because of equipment problems as an
air traffic control facility. ABC's Derek Dennis says the groundstop lifted after a few
hours. He says the disruptions come days after a government audit found critical US
air traffic controller facilities face serious staffing shortages. Shouldn't be news to anybody.
The audit says the FAA lacks of plan to address them as well. Right
now, let's welcome in ABC's faith to boube. The Biden administration is going
to be rolling out and highlighting this week internet infrastructure projects. Faith. Welcome
to wake up call. Hey, thank you so much, Jason. Let's
talk about Wi Fi for the masses. Sounds like a win win. What's
going to be rolled out? Yeah, so, no, this is really
prising. But you know, according to the SCC, there are currently eight
point five million locations in the US that don't have internet access. That's about
seven percent of the country that doesn't have internet connectivity. And so the Biden
administration is trying to make what they're calling a once in a generation investment.
They're comparing this to what FDR did back in the nineteen thirties. You remember
that was the Rural Electrification Act, which provided electricity to almost every home in
the US. And so the Biden administration really is focusing on expanding access and
giving access in terms of Internet connectivity to everyone across the country, including US
territories. They say, we've reached a point where this has become a necessity.
Its Internet access is no longer a luxury. In order to go about
your daily life, you need some sort of Internet connectivity. And so with
this announcement Leader on this morning, we expect we expect to hear President Biden
and the Vice President announced those forty billion dollars towards this project. This is
money that will come from the bike parts in infrastructure law. This was the
law passed in twenty twenty one. And you know, as part of this,
what we're hearing so far is that the states will learn today how much
money do we get for the project and when that money will come. At
this point, administration state, including DC and Puerto Rico, they should expect
at least one hundred million dollars to begin with, and then the four US
territories will receive a minimum of twenty five million dollars each. And then of
course more will be added as the figure out would challenge us the space.
I appreciate the Biden administration given that that callback to FDR. I didn't personally
remember that Bill Handel may have anyway. Will wi FI is essential, of
course to the national economy moving forward? Is or it has been for a
while. Is the Biden administration making this part of a piece as part of
a larger program or rollout from the Infrastructure Act? Yeah, so this is
part of a three week tour that the Biden administration is going to go on.
We're talking the President himself and other administration officials will be on the road.
They're calling the Investing in America. They're going to spend the tour in
different communities across the country. They will be discussing infrastructure. They will be
discussing what they have done with infrastructure, but also what needs to be done
moving forward. And of course, a lot of the money will be coming
from the Bipartisan Infrastructure Law, but some of it will also come from the
American Rescue Plan and they will be highlighting a lot of that in the coming
weeks. Thank you so much for this update. When exactly does it roll
out? They're going to make the announcement this morning, you said, but
you know when. Yeah, So the announcement starts this morning. We're expecting
the news conference at the White House at eleven forty five Eastern time. But
in terms of the project as a whole, it begins as soon as possible.
But the final plans for each of these states who will have to be
approved, the target date right now is Springs twenty twenty five. Thank you
so much for this update, Faith, good to have you with us.
Hope we've been speak again soon. Yeah, thank you so much. BBC's
Faith of oube reminding us that Wi FI is important for the economy. We've
known that for a while, but now we're actually going to get some infrastructure
from the Infrastructure Act that passed a couple of years ago. The Biden administration
is on a tear this week. Apparently it's going to be it's going to
be a press forward announcement heavy week from the administration. Let's get some more
out of the KFI twenty four hour newsroom. At least one person has been
killed and several others have been hurt in a ten car crash on the ten
in Upland, San Bernardino County Fire says the crash happened last night. The
HP says four or five cars were on the westbound side of the freeway when
one flipped onto the eastbound lanes. Fire officials say many drivers needed to pulled
out of their cars. Three cops in San Antonio, Texas have been charged
with murder following the shooting death of a woman who appeared to have a mental
health crisis Friday night. The woman spoke to police and then ran into her
apartment, then apparently threatened the officers with a hammer when they tried to force
their way into the apartment. The officers originally were responding to a call that
the woman was allegedly cutting the wires to the fire alarm of the complex.
When the police officers gained entry to the women's apartment, she approached them with
the hammer, and that's when the officers opened fire on her. San Antonio
police have released the body camera footage to the public. The police chief says
that the officer's actions were not consistent with the department's policy and training. Andrew
Caravella KFI News, police and Rodondo Beach are asking the public for help looking
into a woman whose remains were found at a construction site in two thousand and
one. Officials say her body was listed as a Jane Doe until DNA identified
her earlier this spring. Officials say the woman was never reported missing. Police
said family members last had contact with her sometime during May of nineteen eighty one.
Anyone with information has been acted contact Redondo Beach Police. Cyber attacks on
US hospitals are on the rise, adding a layer of financial pressure onto an
industry that is still struggling to recover from the pandemic. Health facilities have been
hit with two hundred and sixty six at digital incursions, those who affected thirty
six million people just this year and are on track to be more widespread than
twenty twenty two attacks. That's according to an advisor for American Hospital Association.
Cyber Raids on hospitals more than tripled in the past five years and have become
more sophisticated. The Supreme Court is getting ready to decide some of its biggest
cases of the term. The Court has ten opinions left to release before the
justices go on summer break. The last opinions to be released affirmative action,
voting rights, religious rights, student loans, and gay rights officials say outdoor
burning at residences in unincorporated areas of Riverside County will no longer be allowed.
The county's fire chief announced the suspension Friday, saying the band is necessary to
curb wildlife threats. The fire department will also consider temporary burn permits to property
owners on a case by case basis. The order does not apply to land
management activities and fire training. Campfires and designated grounds will also be exempt.
Secretary of State Antony B. Lincoln says the short lived rebellion by a private
military group shows real cracks within Russia over war in Ukraine. Appearing on cbsspace
The Nation, B. Lincoln says the Kremlin went from expecting an easy takeover
in Ukraine sixteen months ago to having to defend Moscow against the Wagner Group over
the weekend. A new national poll shows the Republican Party is divided over former
President of Trump's candidacy in twenty twenty four. According to the NBC News poll,
Trump is expanding his lead over the GOP primary field, including Florida Governor
Ronda Stantis, but the survey finds half of all likely Republican voters say they
would consider another candidate. The extreme heat that's been roiling Texas for more than
a week is going to spread beyond the lone Star state this week. Heat
advisories are out early this morning four much of Texas, Eastern Oklahoma, Louisiana,
Arkansas, Western Mississippi, and western Tennessee. News brought to you by
Terranea Resorts and coming up at five fifty, ABC's intrepid reporter Jim Ryan has
some fresh data on vaping and e cigarettes. It turns out ingesting smoke into
your lungs by any means it's bad for you. For real. E sig
consumption is coming down after the peaking during COVID lockdown. So Jim has some
new research to share with It's on that right now. On wake up Call,
let's welcome in a veteran tech analyst, Jack Gold. Jack has been
covering Silicon Valley from consumer level stuff like trends, five G and iPhones to
corporate stuff like hiring and firing and how companies are preparing for the future.
Well that was not the right one. The events over the weekend are yep,
So I guess we're just gonna hop around so I can find the right
sound. Why don't we just do some more stories first, and iconic nineties
toy is making a comeback next month. Hey, this is fun. Well
it's like a soundboard. Yeah, it is kind of but see the thing.
Okay, well let's let's see if let's see if this works this time.
We're rooting for you. It depends on where my cursor lands, because
it's been jumping around ourcs all morning. NATO Secretary General Jans Stoltenberg says NATO
is monitoring the attempted Russian coup by the Wagner Mercenary Group. He is in
Vilnius, weeks ahead of the NATO Summer Summit, where allies will discuss support
for Ukraine. The events over the weekend are an internal Russian matter and yet
another demonstration of the big strategic mistake that prest and Putin made. Wagner Group
leader, you have Guinny Progosion turned on Russia over the weekend and announced a
march for justice against Russia's army. Progojian and Putin apparently agree to attruce thirty
six hours later. Now an iconic nineties toys making a comeback next month and
a comeback hopefully right here. The Furby is supporting a fresh new look and
it's ready to hit store shelves. The toy gained international popularity because if it's
adorable appearance and ability to communicate and learn, capturing the hearts of millions.
Toymaker Hasbro says that more than forty million Furbies were sold worldwide back in its
heyday. The toy is also known as the first successful attempt to produce and
sell it domestically aimed robot. The revival of Ferby marks the twenty fifth anniversary
of the toy. Hasbro says it wanted to ignite the same excitement for this
new generation of kids by harnessing Ferby's power of nostalgia while giving Jen Alpha everything
they crave. Andrew Caravella k if I News. An Amber alert has been
issued for a woman and a two month old girl in Lancaster. This HP
issued the alert for La San Bernardino, Riverside, Orange, San Diego and
Imperial Counties. The HP says a man who was armed and dangerous took the
woman and baby in a silver two thousand and seven buick with a license plate
ending in X nine four. The woman was last seen yesterday wearing a red
and black dress, pink Schwartz and black Puma shirt. Senate Majority Leader Chuck
Schumer has called for more safety measures for ebikes to prevent fire sparked by lithium
batteries. He announced twenty five million dollars in emergency funding yesterday for New York
City that will go towards bike charging stations. No federal regulation for church batteries.
It's allowed cheap, faulty China made batteries to come into our country.
Fire officials in New York City say lithium batteries have caused hundreds of fires over
the last four years. Before we check our first traffic for the morning and
wake up call, there was something that came across the wire yesterday that just
it sounded like a wake up call kind of story, especially after the last
six minutes. Cornhole, better known as a backyard and tailgate game, as
attempting to go global. The American Cornhole League, Yeah, there's an American
Cornhole League. It started in twenty fifteen, has seen its prize money more
than double every two years. In twenty nineteen, the cash prizes were at
one million bucks. And two years later it's at three point three million,
and this year it's at eight million dollars in prize money. Now, the
ACL, the American Cornhole League, has existing media deals with ESPN and CBS
and, according to an analyst, more than twenty five sorry, two hundred
and fifty thousand players across fifteen countries, and it's even had its own cheating
scandal. Dig this. With billions of dollars being pumped into the sporting industry,
Bloomberg News is looking at which game might be the next to explode,
and that encords includes cornhole. The ACL used revenue. ACL's revenue comes primarily
from four avenue sponsorship, media rights, technology, and licensing. We'll have
to have a little bit more on the gambling scandal that sears Cornhole. Jason,
there's one right outside of our studios. Have you seen it. I've
seen it. I have not seen it used though, And it's got the
it's got this like the the elevated thing spandex board. Yeah, it's like
like I'd tough to describe. It's like the same material that you used to
use as a book cover when you went to school. Oh okay, yes,
you know it's like that stretchy spandex material. Yeah, I'm not playing
cornhole with that. I need a solid wood board. The wood, Yeah,
the plywood board. Right on? Do you dobble? Do you play
corn hoole? Sometimes when I storm out of the studio where my audio doesn't
work, I go outside and play cornhole just to blow some steam. And
then I come back in and everything's cool. So what's your preference? Do
you prefer the springy I definitely like the I like the plywood style for sure.
Old school. You know, I'm right there with you. You don't
want to do the Maybe we should make a team, all right, that
sounds good. There's a there's a red board and and a blue board out
front, and it's right in front of the Disney headquarters. Maybe we can
get oh there we all like physically outside, Yeah, it's physically outside outside
of our studios. There, it's right above the parking structure. And so
yeah, we can go out see if we can get Bob Iger to look
down out of his quarter office window and come play with us. Start our
eight million dollars, yeah, additions, start our own scandal when it comes
to there you go. Jack Gold is a tech sector analyst. He's been
covering Silicon Valley for a long long time and talk about consumer trends, hiring
and firing and where things are going. So let's jump in, Jack.
Chat GPT is going to be migrated into the voice slash infotainment systems for Mercedes
Benz vehicles. Um, is this a tip of the spear kind of situation
with chat GPT? We already had voice in our cars. So so let's
back up a little bit. Everyone wants to jump on the hype bandwagon,
right yeah, And if you're you're a high end carl like Mercedes, you
want to be on a hype bag bandwagon early. So some of that is
what's going on here. The other issue, of course, is that how
do you make chat GPT work in your car. It's not like they're going
to load it into the car. They're not going to build a cloud data
center under the hood, and so's there's going to be some local processing,
but mostly it's going to be about connectivity and connecting up to the cloud and
being able to interact that way. So you'll give it some voice commands from
the car, it'll go up to the cloud do a lot of processing up
there. And then come back down. So you've got to have a car
that's well connected. And Mercedes, again high end car are going to be
well connected, they're going to have five G capability built in. Fair enough,
Jack, I don't have you for very long, So let's pivot.
Some of the things that you've been analyzing for years is a consumer security around
tech. And you mentioned five G in a previous part of an answer when
we were just talking, Is there anything going on with consumer security? Five
growled out things that we need to be updated on that we haven't been covering
at least adequately in news. Yeah. Look, there's a lot of issues
around consumer security. Most of it has to do, frankly, with the
fact that we're really really bad as consumers and sharing information that we shouldn't be.
And once people learn a lot about you, it's really easy for them
to know bad guys, bad actors to come in and say, hey,
you know, I'm your bank giving your bank account information. By the way,
getting rolling back to the chat GPT thing, AI is going to help
bad actors attack you. That's part of the issue. The other part of
the issue is that AI in essence could help us with consumers security. By
understanding what the bad actors are doing out there, and you know, through
a service I don't know, maybe from Microsoft, Google, whomever, pick
your favorite, you know, your cable provider or something, could be very
proactive at looking at what's coming in to us and saying, you know,
you really shouldn't click on that, you really shouldn't respond to that, you
really shouldn't take that seriously because that could be a risky situation. So,
yeah, there's a lot going on in security, a lot going on behind
the scenes at your bank, for instance, banks are spending huge amounts of
money in aim where I'm pivoting back to AI. I apologize for that,
but it's becoming both a good thing and a bad thing at the same time.
Right as far as five G goes, one of the advantages to five
G once it really is getting deployed and it's it's pretty well deployed at least
most of the major areas that we go, but it remains a really fast,
low latency connection. And so what it can do is it can actually
get you information very quickly if if you're being attacked, you know, with
five G you can go off into the cloud and the cloud can tell you
within microseconds or milliseconds. That hey, that's that's a thing. So five
G from a security perspective actually brings a lot of stuff that we couldn't necessarily
get with slower networks that are had more latency, that meaning you know,
it could take seconds or minutes before you get information back. All right,
I'm going to use AIS a jumping off from my last question with you.
Since you pivot it, I'm going to do it too. I'm going to
pivot back. So the brains, a lot of the brains behind AI came
from Nvidia and Vidio just hit one trillion dollar market cap level. It gives
and takes a little bit, but around one trillion dollars. Let's talk about
the Chips Act. Let's talk about computer chips, super chips and being able
to apply them to the Chips Act. What are you seeing? How's that
playing out? I mean, the Chips Act is supposed to be able to
protect our supply chain here in the US. Right the whole point of the
Chips Act was to give companies incentive to come back to manufacturing in the US.
Right now, probably eighty plus percent of chips that we get for everything,
you know, from consumer devices up through smart devices, up through Nvidia
devices for ai come from TSMC, which is in China. In Taiwan.
Basically, now you know, God forbid China should attack Taiwan. You know
that gets shut down overnight of your supply goes away, or another case,
I mean Taiwan is in an earthquake zone. What if they have a massive
earthquake, what if something actually does happen. What we want to do,
and what the government has decided to do is to say, let's diverse five
supply. Let's bring some of that back to the US as much as we
can. And by the way, even Taiwan, even TSMC in Taiwan is
investing in the US because they want to diversify supply. And the Europeans are
doing the same thing. They've just signed a deal with Intel to invest in
Germany. There's some stuff that's going into Poland France is looking at more diversity.
So chips act, to my way of thinking, is a really good
way for the government. It's expensive, I get it, but it's a
really good way for the government to incentivize much more production coming back to the
US so that we don't necessarily have to reply rely exclusively on offshore sourcing of
chips. That's fascinating stuff. That wow, that's great context too, a
macroeconomic consumer wise. Always a pleasure of Jack. Thank you for joining us.
I appreciate that we've been speaking with Jack Gold, President principal analysts at
Jay Gold Associates. Once again, Jack, thanks a lot, You're very
welcome. We spoke with Faith Abube a little bit earlier this hour about the
bide administration rolling out five G access to more rural areas as well as territories
of the United States as well. That's going to be happening a lot this
week. So that right there was Jack Gold. He's a tech sector analyst
and he's the founder and president of Gold and Associates. It's based in Boston.
You can find him online at jagold Associates dot com. Right now,
let's pivot one more time since I'm over using that word. This morning,
ABC's Jim Ryan is here to talk about vaping and East cigarette usage. Welcome,
Jim. Hope you had a good weekend. Hey Jason, you had
not bad hot around here, of course, but look at some of these
figures. It's really surprising, I think shocking to the Centers for Disease controller
Prevention, which has been looking at this for several years actually and has been
working with health officials around the country or try to drive down the incidents of
vaping. Well, apparently the opposite has happened. Sales of e cigarettes have
gone up nearly fifty percent over the past three years now. They've went from
fifteen and a half million units that is vape cartridges vade pens in January twenty
twenty two about twenty three million in December, just this past December. So
the numbers are continuing to rise in this country and abroad. So is okay
we saw the spike during the COVID lockdown, I assume, and have we
seen any tapering at all? I mean still a balloon? Well, the
hope is and in some early indications suggest that in the last six months since
the beginning of this year, the numbers may have started to moderate, maybe
even have gone back down somewhat. Will will know in a few months towards
the end of this year what the what twenty twenty three has held. But
I think that the health officials, public health officials have been shocked to see
that this dramatic increase has happened in the two years leading up to this year.
Is menthol a thing? I remember when I was growing up, my
grandparents smoked menthols as if it were like a side hustle. And I'm wondering
if menthol is still a thing with EVA, with vaping and these cigarettes.
Yes, menthol and other flavors that are put into some of these products are
still a major draw for customers, new customers and those existing customers. You
know, Ostensibly people use vaping to try to get off of actual cigarettes,
but in some cases, according to health officials, they simply replace one with
the other. And there are threats or potential health risks associated with vaping that
we still don't know yet. So yeah, yeah, it's it's it's the
mental as the flavors. It's the accessibility, it's the affordability really, I
mean, as the cost of actual cigarettes, actual tobacco products continues to rise,
the e cigarettes remain suddenly an economical alternative. Is the healthcare cost of
vaping and e cigarettes? Any mentioned? Get any mentioned in the CDC report?
Or is that something that's going to come a little bit later, But
that'll come later, and it doesn't talk specifically about those health costs, but
it does talk about another side effect of this than that is you see a
lot more calls, a dramatic increased doubling of calls actually to the National Poison
Data System, which is the control centers that are located around the country.
Seven reports because of potential poisonings by e cigarettes. Nine in ten of those
cases, Jason involved children under five years old, So clearly kids are getting
ahold of these products. They are either inhaling or ingesting the vape liquid and
ending up in the hospital. Becaust Ooh that sounds brutal. Yeah, Okay,
Well, first of all, thank you for that update on this,
Jim, And as long as I have you and being the reporter that you
are, can I ask you about the heat dome that's still over Texas.
It is still over Texas. We had two more fatalities over the weekend out
in deep West Texas, the Big Bend area of the state. You know,
if you think about the map of the state, it starts out there,
it'll pass so kind of curves down and then comes back up again.
That's the Big Bend area. Mountainous, very rugged. There were two people
who died a fourteen year old boy and his stepfather who died out in the
heat this past weekend. Wow. Okay, Jim, thanks for this and
thanks for updating us, and well I'm sure we'll catch up later this week
too. Thanks Jason. ABC's Jim Ryan there giving us a little bit of
an update on the CDC results from its most recent research coming out of the
pandemic about East cigarettes and vaping, and of course the heat dome that has
been extended into Louisiana, Mississippi, Arkansas, parts of Oklahoma as well.
Today, let's get some of the other stories coming out of the KFI twenty
four hour newsroom before we go to handle on the news. A wind advisory
is an effect for parts of Riverside County. It starts tonight until five am
tomorrow. The National Weather Service as wins from fifth teen to twenty five miles
an hour and gust up to forty five miles per hour are expected in the
Riverside County Mountains, Coachella Valley, Palm Springs, Cathedral City, Palm Desert,
Laquinta, and Brego Springs. Officials are urging people to be careful when
driving, and an update on the would be Russian rebellion over the weekend.
A mercenary organization in Russia with thousands of fighters has marched away from the front
lines in Ukraine over the weekend into Russia. ABC's Ian Pannell spoke to a
senior aide to Ukraine's President Zelenski, who says, this is a turning point
in the war. Given what we're seeing happening in Russia. Do you believe
we're now at the beginning of the end of the war in Ukraine? He
says, without a doubt, it's the beginning of the end. Pannell says,
the group led by Yevgeni Progoshan almost got to Moscow Saturday, officials say.
Russia's President Vladimir Putin and Emir of Qatar discussed the recent events in Russia
during a phone call this morning Pole's show. The majority of Americans are against
the courts handling of abortion rights and the court itself. A year after the
Supreme Court overturned rov Wade, six and ten voters think ending federal protection for
abortion was wrong. A new NBC poll found eighty percent of women between eighteen
and forty nine disapproved. You know, the people most affected also sixty percent
of independence and a third of Republicans. More than half of men surveyed also
disagree with the decision, and a Quinnipiac University poll finds just thirty percent of
registered voters approved of the nation's highest court, an all time low, and
nearly seven and ten think the courts mainly motivated by politics. Mark Ronner KFI
News a couple of quick business headlines too this morning. Traders are finally conceding
that the fit is laser focused on inflation, less worried about the rates.
The interest rate hikes breaking the economy. Almost half of market participants in a
Bloomberg survey expect at least two more rate hikes this year. That's a remarkable
shift for a market that was pricing in cuts in twenty twenty three as recently
as this month. Not on this program or on my weekend show. By
the way, a soft landing for the economy does appear elusive, but the
US could be stuck in a pre recession limbo for the rest of this year,
which means the American consumer is pushing This would be softer landing out of
the picture, and a short, shallow recession could be moving into the picture
early next year. Stock futures right now little change. This morning, Wall
Street is looking to see if the market rally can find some momentum in the
final week of June. Dal Jones right now is down twelve points and the
SMP is basically flat, and so is the NASDAC. Jiffy Lube is fixing
up ice cream trucks for free this summer. The car repair company and Good
Humor teamed up to provide maintenance services to any ice cream truck or van at
participating stores. Good Humor is also hosting ice cream socials at some of Jeffy
Lube's locations. Unfortunately, no socials are scheduled here in California. Prince William
is tackling the long term homeless crisis in the UK. He created a five
year project to make sure people always have a roof over their heads. The
Heir to the Throne is announcing details of the program this week. His initiative
comes as rising rents and a shortage of affordable housing push more people went to
homelessness amid the biggest decline in living standards since World War Two. We lead
local live from the KFI twenty four hour news room I'm Jason Middleton. This
has been your Monday wake up Call. You've been listening to wake Up Call?
You know you can always listen live on kf I Am six forty weekdays
from five to six am, and anytime on demand on the iHeartRadio app