WEBVTT

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You're listening to Wake Up Call on
demand from kf I AM six forty kf

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hand KOST HD two, Los Angeles, Orange County. It's time for your

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morning wake up Call. Here's Jason
Middleton. Good morning everybody, Thanks for

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joining us. It is wake Up
Call. It's July the twentieth. It's

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Thursday, and we have a winner. They're talking about it all week.

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Finally got a winner where we get
to the lottery thing though. This morning,

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let's look at the scores BEFA Women's
World Cup. Australia looks like they're

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gonna beat the Republic of Ireland one
nil. New Zealand already one today.

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The United States team plays tomorrow at
six o'clock Pacific time six pm Pacific tomorrow.

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The award for the winning team this
year is the players get a hundred

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and ten million dollars to split among
them. The minimum is thirty thousand per

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that's about a five x increase over
the last time. So some equity happening

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on that side of FIFA. It's
got a few headlines. Then we'll get

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into the rest of this morning show. A single winning ticket in the billion

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dollar Powerball lottery sold in downtown La
yesterday. In November, a powerball ticket

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worth more than two billion dollars was
sold to the gas station in Altadena,

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Go La County. If you didn't
win the jackpot, don't throw that ticket

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away, though, because more than
thirty people did match at least five numbers

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to win at least a million dollars. Record heat in Phoenix continues. The

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low never dipped below ninety seven degrees
overnight, and the high in Phoenix hit

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one hundred and nineteen. Highs have
been at least one hundred and ten since

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the end of June. The wife
of the suspected Long Island at New York

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serial killer is filing for divorce.
Let's start with some of the other stories

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coming out of the KFI twenty four
hour newsroom. US officials say North Korea

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has not responded to attempts to discuss
the American soldier who ran across the heavily

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armed border from South Korea. Private
Travis King was being returned to Fort Bliss,

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Texas this week after finishing a prison
sentence for assault when he crossed into

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North Korea. The country has no
diplomatic ties to the US. Ups drivers

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have rallied in LA ahead of a
possible strike over pay and ac in delivery

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trucks. Team STAIRS, representing about
three hundred and forty thousand members, are

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demanding pay increases for part time workers
and increases in the number of full time

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positions. The Anderson Economic Groups Patrick
Anderson says striking drivers would lose about one

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point one billion in wages. The
biggest number over four billion dollars losses to

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businesses and consumers that rely on UPS. The union gathered yesterday, saying many

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workers are living at the poverty line. UPS says it will continue talks next

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week before contracts expire at the end
of the month. Chris Adler KFI News.

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A federal appeals court has reversed a
ruling the grant four LAPD officers immunity

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in a wrongful death lawsuit. The
pseudolledges the officers used excessive force on an

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unarmed burglar who had already surrendered.
Court papers obtained yesterday show the officers repeatedly

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shocked the man with a taser in
twenty twenty and held him down until he

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had a heart attack and died.
A four legged firefighter has become the newest

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member of the LA County Fire Department. Her name is Julia and she's half

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Golden Retriever and half Labrador. She
just had a birthday on July seventh,

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so she's two years old now.
Julia is part of the arson unit and

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especially trained as an accelerant sniffing canine. Captain Casey Flanders is Julia's handblo.

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She comes home with me every off
duty day. She's great with the kids,

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great with the family. The other
thing about these dogs is they're part

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of that sporting group. They have
the hunting drive that excelerant dogs need to

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have, Flanders says. He and
Julia are called out to a scene after

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it's been safe to enter, and
Julia quickly goes to work checking for anything

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that might have contributed to the cause
of a fire. It's everything spanning the

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spectrum of knightable liquids from light,
medium to heavy discs, gasoline. We're

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talking about diesel, kerosene, lamp
oil, lighter fluid, nail polished removal.

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Girl. That's a good girl.
Good girl. The cost of training,

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acquiring, and maintaining Julio was covered
by a grant from State Farm Insurance,

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and if this experiment works, the
department may add another dog or even

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two. Steve Gregory, King of
five News, in a couple of minutes.

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The first topic on wake Up Call
is ABC's Karen Travers joining us to

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discuss border and biden Omics, and
maybe some student loan repayments. But first

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from the Southern California Toyota Dealers Traffic
Center, Let's go places. Let's check

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the five. This is in Downey
on the five northbound, right before Paramount

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Boulevard. We have cleanup proofs from
an earlier crash. You're taking up the

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two bright lanes. Your drive is
stacking up right around Florence Avenue and in

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Boil Heights. This is all the
five northbound at Seventh Street. We have

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a crash and emerges the crews blocking
the off ramp right there. Your drive

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is bunching up as you approach.
And Glenn Helen This is on the fifteenth

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southbound before Glen Helen Park. We
have a crash there taking up the two

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left lanes. Your drive is stop
and go from ken Wood. K if

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I in the sky hopes get you
there faster. From Brian Vance. Before

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we talk to ABC's Karen Travers,
Let's get back to some of the stories

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coming out of the KFY twenty four
hour newsroom. A girl's basketball coach in

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Orange County is facing one hundred and
fifty years in prison for sexually molesting players

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seventeen years old. Orange County DA
spokeswoman Kimberly Ed says, in all,

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six girls testified against Carlos Francisco Warez, he would have players run around the

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basketball jim topless. He would french
kiss these young girls, who had never

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been kissed before. The girls testified
this week, Warres told them such acts

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would make them better players. He
gave an eleven year old girl an envelop

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full of cash after sexually assaulting her
in a parking lot, knowing that her

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family needed the money. Sentencing is
set for next month in Orange County.

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Corbin Carson, k if I News. Right now, ABC's Karen Travers is

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on the line with us. She's
the White House correspondent for ABC. Good

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morning, Karen, A, good
morning. Let's start with biden Omics because

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later this hour we're going to have
an interview about junk fees. I know

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that the Bidenomics is the new nomenclature
coming out of the administration. Any updates

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are yeah, yeah, So Yesterday, the President was talking about his economic

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agenda, saying that his policy is
his strategy or working. He pointed to

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easing inflation and strong jobs numbers.
He was meeting with his competition counsel and

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he's highlighted the work that they're doing
to help consumers get greater transparency on things

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like apartment rentals. That was the
focus yesterday, but also on buying plane

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tickets, hotel rooms, concert tickets, or even signing up for short term

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healthcare plans. Yesterday, they were
talking about how when you go onto zulo

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dot com or apartments dot com,
if you can go on there now and

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get a better sense of what your
final price tag is going to be,

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whether it's security deposits, one time
rental fees, things like that in addition

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to the monthly cost of an apartment. And the President, in his blunt

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way, said folks are tired of
being played for suckers. He said,

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it's all about basic fairness, and
these are all these kind of you know,

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small announcements that they say add up
to big things for consumers. Again,

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doesn't necessarily bring down the cost of
it, but it does give you

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more transparency, so you know what
you're paying for right from the start.

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Yeah, that does help. He
he is branded as the middle class President,

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so it makes sense that this would
be part of his political campaign as

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well. Right, So, yeah, this is going to be a message

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theme that we hear a lot about
over the next year. Plus bidynomics.

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It feels like he is a little
hesitant to use it sometimes, but his

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team certainly is. And he's going
to be up in Philadelphia today again pushing

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this, talking about clean energy and
union jobs. He's going to be at

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what they call a steel cutting ceremony
for the Acadias, the vessel that's going

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to be sent offshore to help build
offshore wind farms, which the White House

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says will then support hundreds of new
union jobs. So again, bidonomics for

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day two this week for the President. Right on, and we're alliterative today,

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let's go from bidonomics to the border. Seems like there's been some more

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news coming out this week, especially
on the Rio Grande. Yeah, Mexico

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is very upset about these floating barrels
and razor wire that Texas has put into

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the river under the guidance of Governor
Greg Abbott. They say that this violates

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several international water treaties and they want
them removed immediately. It's a lot of

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questions. Yesterday the briefing about this
reaction to this request by Mexico and Parne

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Jumpierre was referring to the Justice Department
for the specifics on the authority about the

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barriers being removed on any legal action. She said, the Justice Department is

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looking into this, but in terms
of the actual situation there and what was

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done. Parne condemned Governor Abbott,
saying that this was an inhumane and atrocious

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move. I guess our final b
in the last minute we have with you

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would bionomics, we on the border, Let's go to borrowers. Any movement

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on the student loan front. Yeah, so obviously, you know, the

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big thing will be in the fall
when the repayment process begins for those people

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who have been on pause for three
plus years because of the pandemic. The

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repayments for federal borrowers starts up again. But the Winehouse had put in place

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this twelve months on ramp transition,
where if you do miss a payment,

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you are not going to default on
your loans. They're trying to give people

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a little bit of a grace period, But there were Democratic senators who reached

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out to some of the providers saying
they're worried that these loan providers are not

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prepared for this restart, that because
they have not been dealing with the processing

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over the last three months, three
years, this is going to be a

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really big tax on their systems.
They said they have been layoffs at these

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companies, they've been shifts of borrowers, like getting bounced from one company to

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another, and that they don't have
a good handle on what is coming in

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the fall. I asked the White
Hearts yesterday if they share those concerns,

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and Kareem wouldn't say, but said
that the the Department of Education is in

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contact with the blown providers to provide
whatever help they can to make this a

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smooge transition. Thanks a lot,
Karen, We went all the way around

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the infield this morning. Appreciated absolutely
thanks ABC's White House correspondent Karen Travers.

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There. Let's get back to some
of the stories coming out of the KFI

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twenty four hour newsroom. Let's go
back to we having a winner. Someone

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in California has won the one billion
dollar powerball jackpot. The ticket was sold

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in downtown La at Las Palmata's mini
market. The numbers drawn last night ready

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ten, eleven, thirteen, twenty
four and that important powerball number was twenty

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four. A man in Auckland,
New Zealand, has killed two people in

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a shooting before the first game of
the FIFA Women's World Cup tournament. The

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man was then killed in a shootout
with police. An officer was hurt in

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the shooting. New Zealand's Prime Minister
said the tournament would go on as planned.

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The opening match is between New Zealand
and Norway, and New Zealand has

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already won that one. A tornado
has damaged a Fiser pharmaceutical plant in North

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Carolina. The company says they were
serious injuries yesterday, but medicine was damaged.

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Police in Alabama say there's some mystery
surrounding the disappearance of a woman who

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says she was kidnapped and held captive
for almost two days. Police Chief Nick

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Durses says the woman had searched for
things online like do you have to pay

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for an amber alert? And movies
about abductions. I do think it's highly,

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highly unusual to the day that someone
gets kidnapped that several seven hours or

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eight hours before that, that they're
searching the internet, googling the movie taken.

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He says investigators have been unable to
verify most of the woman's statement,

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including claims she tried to rescue a
toddler walking on the side of the highway

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before being taken by a man with
orange hair. Santa Anna is building what

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could be a first edition outdoor library
in Jerome Park, complete with self serve

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kiosk. You can check out a
book a movie using your library card.

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Santa and A Library services director Brian
Sternberg says there will be an area for

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reading, joining programs, and free
WiFi. People want spaces, people want

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places to go on weekends. People
want community destinations, and things are expensive

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these days. The city's investing forty
six million dollars in grant funding to also

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buy a new bookmobile, build a
new library inside a community center, and

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upgrade its two branch libraries with the
latest tech. And they're all free.

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In Santa Anna. Corbin Carson k
FI news a pilot program in California will

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provide free legal services to migrant farm
workers who are in the country illegally.

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Governor Newsom announced the four and a
half million dollar program Yesterday, which includes

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case review services in labor investigations,
legal advice, and representation. Newsom says

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more than fifty percent of farm workers
in California are undocumented, and many don't

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speak up out of fear of retaliation
and deportation. He says the program aims

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to prevent the exploitation of the workers. A beer maker is using the scent

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of the SuDS so salmon can swim
to their spawning spot. The Oregon Hatchery

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Research Center has been working for years
on helping samon find their way back to

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their birthplace to lay their own eggs. Hatchery raised salmon use their noses to

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get back home, but often mistakenly
end up in areas with the wild salmon.

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So finding the right smell for them
to latch onto is key. Turns

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out, the director for the OHRC
is also a homebrewer, and he realized

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the grossest part of home brewing or
hop culture contains an amino acid that is

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to the salmon's liking. Tests have
been positive so far, with the OHRC

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getting a grant for the next two
years to continue with their beer fueled research.

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Michael Crozier, KFI news a couple
of quick headlines that we're going to

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talk about the credit card perks.
The state of California is finding the Temeculi

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Valley Unified school Board one and a
half million dollars for rejecting curriculum that features

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LGBTQ studies. Governor Knewsom announced to
find yesterday, one day after the school

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board voted not to use the state
endorsed curriculum. How Speaker McCarthy is coming

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to the defense of former President Trump
for his actions centered around the January sixth

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capital attack. Air Quality is slowly
improving for millions as smoke from Canadian wildfire

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starts to thin out. Despite the
improvements, air quality alerts are still in

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place in more than a dozen states, ranging all the way from New Hampshire

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to Wyoming. At five thirty ish, we're gonna get junkie with it.

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We're gonna break talk Brett, We're
gonna break down junk fees. I got

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Kono's attention. These things land on
everything from airfare to hotel rooms to concert

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tickets, politics, bidonomics aside,
these fees impact monthly budgets for the majority

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of Americans Right now, though it's
credit card perks, not necessarily the rewards

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we use on the consumer side of
things when we clickity clack that buy now

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button. This is how small businesses
can use credit card awards to bolster their

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bottom lines. David Colado is a
small business expert and president of Happy Howe's

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welcome in, David, good morning, Thank you for having me. Absolutely.

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Look, Wall Street is a running
of the bulls right now. How

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are the economics playing out from Main
Street? Yeah, I totally empathize with

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my small fellow small business owners out
there that are coming into work and making

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a go at their business. And
these challenging economic times. And two of

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the biggest challenges that we're dealing with
our inflation and managing the competition. With

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inflation, even though it's not as
aggressive as it was last year, we're

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still seeing rising costs of transportation,
raw materials, labor, and that's really

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impacting our business. So we're enlisting
the help of our employees, our team

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members to help us find ways to
become more efficient at what we're doing and

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help us find ways to save money. Another challenging aspect to the current economy

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is managing competition. The last few
years have made it very easy for anyone

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to start a new business. And
that's great, although that makes it very

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difficult for a small business owner to
acquire gain new customers. And what we

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do there to help gain new customers
is making sure that our customers new customers,

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know they can pay us with a
credit card. We find that when

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they know they can use their credit
cards to make a purchase from us,

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they're much more likely to make a
purchase from us the first time. And

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they also get the added benefit of
earning rewards for themselves as they make purchases

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from us. So are you highlighting
those perks because obviously if you get a

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first time customer, you want to
have a repeat customer built out of that.

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Right, Yes, absolutely, we
are highlighting those perkses Okay, great,

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So a little bit of a headwind
on main Street and we've talked a

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little bit about the credit card rewards. How these programs going to stick around

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overall? Are they working for both
sides of the equation. I'm part of

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a large group that believes that credit
card rewards today are in jeopardy, and

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they're in jeopardy because of a proposed
piece of legislation called the credit card Competition

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Act. This proposed legislation attempts to
save businesses money by helping them by reducing

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credit card fees, but it disregards
the fact that those credit card fees are

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what fun the credit card rewards program
that small business owners like myself rely on.

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So rather than targeting credit card fees, politicians are better off educating small

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business owners on how to maximize the
rewards on the credit cards that they're using.

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When I think about credit card rewards, I think there's two types of

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cards. And back in the day
at least there was a business card,

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a corporate card, a travel card
that you could use, and then you'd

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have your personal card too. It
helped with expense accounts and whatnot. Those

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are probably not as prevalent as they
were, say twenty years ago. Right,

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Well, I've only been running my
business for the last ten years,

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so I've only had my credit card, which I'm extremely happy with and I've

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used really well for just the last
ten years. David, thank you for

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joining us this morning. You're welcome. Thank you. Where can we point

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people online for more information? What
do you suggest to go online and learn

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more about this legislation? I recommend
going to a website called hands off my

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Rewards dot Com. Again, that's
hands off my Rewards dot com. The

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website does a good job of educating
visitors about what this proposed piece of legislation

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is, this credit card competition hack, and the website also does a good

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job of explaining how credit card processing
fees work and how that network works.

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You can also write to your congressman
through that website as well. Very cool.

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Thanks a lot again, David,
Thank you. It's David Colodo,

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a small business expert and president of
Happy Howe's let's get back to some more

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news coming out of the KFI twenty
four hour news room. A two year

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old boy and Granada Hills has been
hurt in a shooting that killed a man

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at a local park. The shooting
happened just before eleven thirty last night.

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Police say the child was on the
playground with his mom at the time.

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LA police are trying to find a
man who's assaulted several women in the Pico

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Union District and downtown over six days. The crime spree started Monday of last

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week, when a woman was attacked
near Olympic Boulevard and Albany Street. On

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Saturday, a woman was punched in
the face multiple times and knocked unconscious as

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she walked home from church. The
guy police are looking for is twenty one

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year old Sergio Garcia. He's Latino
five feet six inches tall, about one

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hundred and fifty pounds, with black
hair, brown eyes, and a mustache.

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He is known to carry a black
statchel with red lettering that spells Gucci.

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A seventy one year old man from
La has collapsed and died at a

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trailhead in Death Valley. The man
is believed to have been hiking Tuesday,

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when temperatures hit one hundred and twenty
one degrees. Officials say it's even hotter

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inside Golden Canyon because the canyon walls
radiate the sun's heat. Earlier this month,

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a sixty five year old man from
San Diego was found dead in his

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car in Death Valley. Universal has
denied pruning trees to remove shade from striking

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WGA and SAG members. The La
City Controller is investigating the trees being cut

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where picketing actors and writers have been
gathering. The controller says the ficus trees

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lining the street outside the studios are
regulated by the city and need permits before

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they can be cut. NBC Universal
said yesterday it wasn't trying to make striking

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more difficult, but that the trees
are cut annually for safety. If found

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in violation, the studios could be
cited or face a hearing. Chris Adler

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Ka Fine News. Russia has hit
cities in southern Ukraine with drones and missiles

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for a third consecutive night. The
wave of strikes is destroyed some of the

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country's critical grain export sites. At
least two people in Odessa were killed.

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Back to California, the Orange County
Board of Supervisors has approved plans to apply

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for a state grants so it can
buy and refurbish a motel in Coasta Mesa.

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The supervisors save the motel would provide
low cost housing and shelter. The

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county plans to use a six million
dollar loan to rehab the one hundred and

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twenty room travel lodge. Supervisor Doug
Chaffee says he strongly supports the home key

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program, but is concerned about the
debt servicing of the project. Space Shuttle

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Endeavor is going into a launch position
at the California Science Center. The shuttle

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has been on display horizontally for eleven
years. The new vertical display will have

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two rocket boosters and an external fuel
tank. Construction on the shuttle's new home

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began last year. New center is
expected open in twenty twenty five. Hacker

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and former KFI host Kevin Mitnick has
died following a battle with pancreatic cancer.

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Mitnick served time in prison for computer
and communications related crimes. He hacked into

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companies like Motorola, Nokia, Sun
Microsystems, and USC in the nineties before

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going to prison for five years.
He hosted The Dark Side of the Internet

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on KFI in two thousand and two
thousand and one, he was fifty nine.

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Only one of the state's wealthiest counties
is in southern California. The financial

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website smart Assets as Orange County is
the seventh wealthiest county in the state,

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with a median household income of just
over one hundred thousand dollars and a median

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home value of one million and six
thousand dollars. The other nine wealthiest counties

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are up north, with Santa Clara
coming in first. The median income there

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is over one hundred forty thousand dollars. La County ranked twenty third wealthiest in

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the state. The median income is
just over seventy six thousand, and the

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median home value is just over eight
hundred and fifteen thousand. Angelinos who makes

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seventy thousand dollars a year are considered
low income. Any king Kfi news,

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Oh Kenny got it up its game
Right now on wake up Call, we're

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going to talk about junk fees.
Junk fees are back in the news again

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as the Biden administration has made fighting
them a top priority, at least for

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the campaign. But what does the
term junk fees include? And will eliminating

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them help consumers save money or at
least making them more transparent? Bank right,

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Senior industry analyst Ted Rossman is going
to help us get caught up on

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what could be a money saver junk
fees. Now, junk fees to me,

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sounds a lot like one of those
catch all phrases, kind of like

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mistakes were made or results may vary. What exactly about junk fees are we

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talking about? These are basically surprised
fees. The Biden administration and the Consumer

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Financial Protection Bureau have made fighting junk
fees a priority. They talk about these

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fees as being disproportionate to the value
received. So some examples would be airline

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seed selection fees, ticket fees,
and you're buying concert tickets or sports tickets

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and they have all those add ons. Credit Card lead fees have been in

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the crosshairs bank over draft fees.
These are all examples of fees that they

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think are basically unfair and too high. Unfair and too high. This is

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not news though, right, So
why are we talking about junk fees now

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or why are you guys over at
bank right giving it some quantitative efforts.

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There have been some recent movements.
There was an event at the White House

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a couple of weeks back with the
CEOs of a lot of the big ticket

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companies like live Nation and Ticketmaster and
seed geek, and they've recently pledged much

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more transparency on these issues. And
Airbnb made a similar pledge late last year,

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so we're starting to see some movement. There's a fight brewing on credit

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card lead fees. The CFPB has
proposed capping those at just eight dollars,

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a pop down from the current cap
of thirty for a first offense that can

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actually go higher for subsequent offenses.
This would supposedly trim banks fee profits by

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about three quarters in this area,
so you know, maybe from twelve billion

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down to just three billion. This
I think is emblematic of the broader topic,

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which is fees are like whack mole. One goes down, another one

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pops up. I think something like
this could happen with credit card lay fees

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and other bank fees. I worry
about the unintended consequences, even though I

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applaud the transparency. Okay, real
quick, let's do some housekeeping. CFPB

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explain to us what that is again, please, Consumer Financial Protection Bureau.

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So they're basically this consumer watchdog agency. It's interesting because in some respects they've

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taken a more active stance during the
current administration, which you would expect.

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But what's kind of unexpected is they
haven't had nearly as many enforcement actions.

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And some of that is because there
have been some tie ups in the courts

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where some in Congress are kind of
questioning the legality of their funding structure.

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So kind of long story short,
I think they're trying to sort of balance

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this carrot and the stick approach.
I think those credit card late fee one

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is one that could really come to
a head. I think consumers would love

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to pay lower fees the unintended consequences. Does that lead another fee to go

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up somewhere else, or does it
become harder to get a credit card?

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You know, these are some of
the things that we worry about. Hey,

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let's go back to your whackamole analogy, because I think it's dead on

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its transparency. Is that more valuable
here than just necessarily reducing fees, because

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wouldn't transparency help with the whackamole problem? I think transparency is good in some

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areas. I think it's a good
thing for concert and sports tickets because you

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know what you're getting into. I
think it's great for those short term home

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rentals like Airbnb. Some other things
I think we need more progress, like

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hotel resort fees or a big gotcha
that right now is still pretty hidden from

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a lot of people, and these
are very common in certain destinations like Las

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Vegas would be a good example,
where you think you're paying a certain amount

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and then there's actually a fifty dollars
add on for the gym or the pool

359
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or whatever it is. That's one
that we have not seen as much movement

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on, and I think does snag
a lot of people now Sometimes you can

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negotiate your way out of it.
That's actually a good tip where I think

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your case is even better if you
didn't use those amenities or they were under

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construction. Maybe if you have a
lead status or you're paid with points,

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maybe you can get out of it. You can ask for a credit card

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late fee waiver two. By the
way, that actually works more than eighty

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percent at a time. You can't
do it every month, of course,

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but once in a while it doesn't
hurt to ask. Yeah, good call.

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Let's do another piece of housekeeping,
because in your report is something called

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the Durban amendam Can you give us
a working definition of that please? That

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was a rule that went into place
a little more than a decade ago that

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capped debit card interchange. So interchange
is the fee that merchants pay every time

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somebody uses their card. And this
was wrapped into the Broader Dodd Frank Act

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back in twenty ten. And this
is a perfect example I think of unintended

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consequences because on the face of it, the proposal was, Okay, let's

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bring down the fees that merchants are
paying when customers use a debit card,

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and then won't be great merchants a
lower prices and everybody will be happy,

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maybe the financial industry. But unfortunately
it didn't work out for consumers because merchants

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didn't lower fees. They just pocketed
the difference. And that's something that the

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FED reported on that only one percent
of merchants lowered prices. Something similar is

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playing out now in the credit card
world, where the so called Credit Card

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Competition Act has been proposed. That's
a little different, but I think he's

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intended to solve the same kind of
issue. But I think the point is

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that, yeah, on the face
of it, doesn't it sound great to

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pay lower prices, But what if
that doesn't happen, or what if in

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the case of the Durban Amendment.
You know, another thing we saw was

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debit card rewards went away, and
it became harder to get a free checking

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account, and overdraft and ATM fees
went up. And I don't mean to

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00:28:29.319 --> 00:28:33.839
be cynical, but I do think
that companies are going to look to make

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up the shortfall. So I think
probably transparency is a worthy goal, but

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I do worry that prices won't come
down. Thank you again for your time,

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and hope we could talk again soon. Sounds good, me too,

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Thank you. It's Ted Rossman.
He's a senior analyst and his newest data

393
00:28:48.799 --> 00:28:52.920
and report on junk fees is at
bankrate dot com. Some housing rental companies

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are promising to show so called junk
fees on their websites. This just happened.

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The Bid Administration announced yesterday that Zillo
Apartments dot com and Affordable Housing dot

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00:29:03.480 --> 00:29:07.759
Com will be included. Abc'sjim Ryan
is on the line to talk about solar

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00:29:07.799 --> 00:29:11.279
panels and the solar panel panel industry
and rather large bankruptcy too. Welcome back,

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00:29:11.319 --> 00:29:15.640
Jim. Yeah. Pink Energy is
a company that filed for bankruptcy this

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00:29:15.759 --> 00:29:19.319
past yere is Jason, and yeah, not before a lot of customers had

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already signed on with that company,
had solar panels put on their roofs.

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It tried to get them wired up. In some cases they were wired.

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00:29:27.160 --> 00:29:33.960
Pink Energy says that one of its
parts suppliers was giving it faulty and defective

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00:29:33.000 --> 00:29:36.720
parts, so when those were put
into the panels they would break down.

404
00:29:37.319 --> 00:29:41.960
But now it's been impossible, nearly
impossible to get those things service because Pink

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00:29:42.039 --> 00:29:45.640
Energy went out of business or filed
for bankruptcy. At least and thousands of

406
00:29:45.680 --> 00:29:51.319
customers around the country now are looking
at solar panels on the roofs that don't

407
00:29:51.319 --> 00:29:53.400
work, work only part of the
time. Whether they do or not,

408
00:29:53.480 --> 00:29:59.519
those customers are still paying every month
for loans that they took out to put

409
00:29:59.519 --> 00:30:03.839
those up. I'm looking at a
report out of Hampton Roads, Virginia about

410
00:30:03.839 --> 00:30:07.160
a class action suit from some of
the customers as well. Is this going

411
00:30:07.200 --> 00:30:10.000
to be a rolling issue? Are
they going to try to stick it to

412
00:30:10.079 --> 00:30:14.440
their suppliers supplier? Yeah, first, the suppliers perhaps, but also I

413
00:30:14.480 --> 00:30:18.160
think the state attorneys general in about
a dozen states are going to the lending

414
00:30:18.160 --> 00:30:22.720
companies instead of the solar panel company. They're going to the lending company that

415
00:30:22.079 --> 00:30:26.799
lent the consumers the money to put
the panels up, urging them to suspend

416
00:30:26.440 --> 00:30:30.200
the payment requirements, to suspend bills
to those customers until the whole thing has

417
00:30:30.240 --> 00:30:33.920
worked out. Because you've got a
lot of customers who are paying two hundred

418
00:30:33.920 --> 00:30:37.960
and fifty three hundred, four hundred
dollars a month sometimes more to a lending

419
00:30:38.000 --> 00:30:42.599
company for solar panels that simply don't
work. They're on the roof, but

420
00:30:42.960 --> 00:30:47.599
it's supplying little or no electricity either
to that house or into the grid.

421
00:30:48.799 --> 00:30:52.279
Is this indicative of anything that we
should be watching for industry wide, or

422
00:30:52.319 --> 00:30:55.240
is this hopefully just a siloed event. Well, I think it alls.

423
00:30:55.519 --> 00:30:59.599
It does point out the consumers need
to be careful in any situation, whether

424
00:30:59.599 --> 00:31:04.160
it's or panels or the purchasing home
repair services, whatever it might be.

425
00:31:04.519 --> 00:31:10.200
Keep careful records. That's what consumers
specialists are saying now about those solar panel

426
00:31:10.240 --> 00:31:15.200
installations and complaints you might have about
them. Keep those records so that you

427
00:31:15.200 --> 00:31:19.519
can either participate in a class action
lawsuit or at least lay out your claim

428
00:31:19.720 --> 00:31:22.799
precisely to the company. But right
now, I mean, this was why

429
00:31:22.839 --> 00:31:27.359
they call it bankruptcy protection, Jason, because Pink Energy is in bankruptcy and

430
00:31:27.519 --> 00:31:33.000
it's protected from lawsuits filed by consumers
like you and me. Right. Yeah,

431
00:31:33.039 --> 00:31:36.279
When about twelve years ago or so, I was at NBC in the

432
00:31:36.279 --> 00:31:41.079
Bay Area and Celindra went under,
you might remember that one. And they

433
00:31:41.079 --> 00:31:44.359
had just gotten a bunch of federal
grants from the Obama administration as well,

434
00:31:44.359 --> 00:31:45.920
and that was one of the biggest
stories we covered for that year. And

435
00:31:47.039 --> 00:31:49.880
it's kind of sad that we have
to go back to covering some more bankruptcies

436
00:31:49.880 --> 00:31:53.319
within the solar industry after twelve years, right, and some of these cases

437
00:31:53.400 --> 00:31:56.839
just haven't been resolved at all.
Some might date back that far. These

438
00:31:57.279 --> 00:32:01.039
most recent cases are within just the
last couple of years that Pink Energy was

439
00:32:01.119 --> 00:32:06.480
marketing these systems, selling the systems, and then unfortunately filed for bankruptcy.

440
00:32:06.519 --> 00:32:09.319
But Pink Energy again says that some
of this has nothing to do with it,

441
00:32:09.400 --> 00:32:15.920
that faulty systems may be the work
of either installers or faulty equipment,

442
00:32:15.240 --> 00:32:20.599
faulty parts that were brought in.
Jim, I know you may not have

443
00:32:20.640 --> 00:32:22.559
anything on this, but you're based
in Dallas and I was reading a headline

444
00:32:22.559 --> 00:32:27.039
earlier in the show. A suspected
serial killer is in custody in Dallas.

445
00:32:27.079 --> 00:32:30.039
Can you update us on anything there? Yes, Oscar Sanchez Garcia is twenty

446
00:32:30.039 --> 00:32:35.519
five years old. He was taken
into custody yesterday, first in connection with

447
00:32:35.519 --> 00:32:38.039
the slaying of a sixty year old
woman, but her killing is one of

448
00:32:38.160 --> 00:32:45.160
three that police have been investigating is
possibly being connected potential motive. Investigators have

449
00:32:45.240 --> 00:32:47.839
said that the women at least two
of the women who were killed had connections

450
00:32:47.839 --> 00:32:53.519
to prostitution and that this may have
been some kind of vendetta sort of killing.

451
00:32:54.000 --> 00:32:58.319
So yes, he is in custody
looking at three cases or murder.

452
00:32:58.519 --> 00:33:01.799
Police are studying other potential cases to
see if they may be connected to Thank

453
00:33:01.839 --> 00:33:05.480
you for that, Jim. I
appreciate you being able to pivot ABC's Jim

454
00:33:05.559 --> 00:33:07.319
Ryan. They're always a pro great
to hear from him. Again, let's

455
00:33:07.319 --> 00:33:09.519
get back to some of the stories
coming out of the KFI twenty four hour

456
00:33:09.559 --> 00:33:15.200
newsroom. One ticket sold at Las
Palmatas Mini Market in downtown La as all

457
00:33:15.319 --> 00:33:20.240
six winning numbers for the one billion
dollar powerball jackpot. The numbers drawn last

458
00:33:20.319 --> 00:33:23.640
night are seven, ten, eleven, thirteen, twenty four and the powerball

459
00:33:23.880 --> 00:33:28.039
twenty four. For those who did
not win this one, there's another big

460
00:33:28.039 --> 00:33:30.920
one on the line tomorrow. The
Mega Millions drawing is worth an estimated seven

461
00:33:31.039 --> 00:33:35.880
hundred and twenty million. I mean
that's kind of like it's not a billion,

462
00:33:35.960 --> 00:33:38.680
but whatever, seven hund twenty million
dollars. Ups drivers have rallied in

463
00:33:38.839 --> 00:33:44.720
LA to demand higher pay and benefits
for workers. The Anderson Economic Groups Patrick

464
00:33:44.799 --> 00:33:49.759
Anderson says if workers strike August first, it would cost the economy billions and

465
00:33:49.960 --> 00:33:55.759
quickly impact customers of the UPS.
Shipments that are currently going out could be

466
00:33:57.039 --> 00:34:01.440
fulfilled by substitute for another carry or
even driving things or walking them or biking

467
00:34:01.440 --> 00:34:06.519
them to where they would otherwise go. The Teamsters rallied yesterday to demand air

468
00:34:06.559 --> 00:34:10.880
conditioning in delivery trucks and pay increases
for part timers. Their contract expires July

469
00:34:12.079 --> 00:34:15.760
thirty first, a girls basketball coach
in Orange County has been convicted of twenty

470
00:34:15.800 --> 00:34:22.199
one felonies, including molesting an eleven
year old girl. DA spokeswoman Kimberly Eds

471
00:34:22.239 --> 00:34:27.360
says Carlos Francisco Uarez coached club teams
in multiple cities in South oc. He

472
00:34:27.639 --> 00:34:32.079
spent many, many months grooming these
young girls into sometimes believe in that they

473
00:34:32.119 --> 00:34:37.880
were an actual relationship with him when
they were just teenagers and he was in

474
00:34:37.000 --> 00:34:42.719
his late thirties, says. Six
girls testified this week to things like having

475
00:34:42.719 --> 00:34:46.400
their first kiss with Warez and being
made to run topless during private practices.

476
00:34:46.800 --> 00:34:52.920
Sentencing is set for next month.
Pink Mania, not pink Energy. Pink

477
00:34:52.960 --> 00:34:55.559
Mania, inspired by the New Barbie
movie, has extended to the kitchen at

478
00:34:55.599 --> 00:35:01.039
Cafe Landewire in Landwar Landward, Yeah, Cafe Landward and said, oh,

479
00:35:01.039 --> 00:35:04.920
it's in Century City. Of course. The restaurant has released a limited time

480
00:35:04.960 --> 00:35:09.199
menu ahead of the release of Greta
Gerwig's Barbie movie tomorrow. The cafe says

481
00:35:09.280 --> 00:35:13.800
it's added a wide selection of pink
drinks and food like the Strawberry Cream and

482
00:35:13.920 --> 00:35:17.079
Glitz and Glitter cocktails, which can
also be made as mocktails, or people

483
00:35:17.079 --> 00:35:22.079
can get a hot pink latte or
smoothie. The menu also features pink hummus

484
00:35:22.159 --> 00:35:27.880
and pink waffles with pink whipped cream. A few business briefs before we get

485
00:35:27.920 --> 00:35:32.079
to the top of the hour.
Artificial intelligence news briefly sent Apple's market cap

486
00:35:32.199 --> 00:35:36.679
up sixty seven billion dollars. Put
a pin in that number for a second.

487
00:35:36.679 --> 00:35:39.800
Bloomberg reported that Apple is developing its
own version of Chat, GPT and

488
00:35:40.000 --> 00:35:45.000
bard to compete with open Ai and
others. Now that sixty seven billion dollars,

489
00:35:45.000 --> 00:35:47.920
that's a one day build in market
cap. Market Cap is how much

490
00:35:47.960 --> 00:35:52.440
a company's worth, depending on how
much it's trading for that day. Microsoft

491
00:35:52.440 --> 00:35:55.320
and Activision gave themselves more time to
close their sixty nine billion dollar deal,

492
00:35:55.400 --> 00:36:00.159
so this deal is huge. Sixty
nine billion dollars between micro Soft and gaming

493
00:36:00.159 --> 00:36:06.199
company Activision, basically one day's movement
of Apple's market cap. That's just for

494
00:36:06.280 --> 00:36:09.639
context, but anyway, Microsoft and
Activision are the two companies that have three

495
00:36:09.679 --> 00:36:14.719
more months to clear their final hurdle
to merge. The British government is the

496
00:36:14.800 --> 00:36:20.400
last hurdle. Netflix added five point
nine million subscribers in the last quarter.

497
00:36:20.840 --> 00:36:23.760
That's the streamer's biggest challenge is to
build up its ad business. Now it's

498
00:36:23.760 --> 00:36:30.000
going to lower take away actually the
lowest tier that you can have for no

499
00:36:30.199 --> 00:36:34.480
ads. So when people come back
to Netflix platform, they're expected to go

500
00:36:34.519 --> 00:36:37.599
ahead and get that ad tier.
It's a little bit cheaper on the front

501
00:36:37.719 --> 00:36:40.679
end, but for Netflix, they
get to serve more ads. So that's

502
00:36:40.719 --> 00:36:45.559
why that's enticing for them, and
that's why the Netflix shares surged yesterday.

503
00:36:45.840 --> 00:36:50.719
Miami is feeling that Messi fever.
I know the FIFA Women's World Cup is

504
00:36:50.719 --> 00:36:53.159
going on in New Zealand, but
tickets for Inter Miami's first games since officially

505
00:36:53.199 --> 00:37:00.559
signing Lionel Messi schedule for July twenty
first is tomorrow, is commanding three digit

506
00:37:00.599 --> 00:37:05.320
prices. Even if the Argentine Stars
presence on the pitch is not yet guaranteed.

507
00:37:05.519 --> 00:37:08.159
H Live from the KFI twenty four
hour Newsroom, I'm Jason Middleton.

508
00:37:08.239 --> 00:37:12.320
This has been your wake up call. You've been listening to wake up call?

509
00:37:12.559 --> 00:37:15.239
You know you can always listen live
on kf I Am six forty weekdays

510
00:37:15.280 --> 00:37:20.800
from five to six am, and
anytime on demand on the iHeartRadio app

