WEBVTT

1
00:00:00.680 --> 00:00:04.160
<v Speaker 1>You're listening to KFI AM six forty wake Up Call

2
00:00:04.280 --> 00:00:08.679
<v Speaker 1>with Me Amy King on demand on the iHeartRadio.

3
00:00:07.960 --> 00:00:13.960
<v Speaker 2>App oKFI and KOST HD two Los Angeles and Orange.

4
00:00:13.640 --> 00:00:24.440
<v Speaker 3>County and a name you Amy.

5
00:00:24.559 --> 00:00:35.200
<v Speaker 1>Okay, it's five o'clock. Time to get up, don't hit

6
00:00:35.240 --> 00:00:38.840
<v Speaker 1>that snooze or maybe you're already at the coffee pop

7
00:00:39.079 --> 00:00:41.759
<v Speaker 1>like me. I've already had two cups. I'm ready to go.

8
00:00:43.439 --> 00:00:47.479
<v Speaker 1>This is your wake up call for Tuesday, August twenty seventh. Ooh,

9
00:00:47.479 --> 00:00:50.240
<v Speaker 1>we had a long holiday weekend coming up. I'm Amy King.

10
00:00:50.719 --> 00:00:52.880
<v Speaker 1>Thanks for getting your day started with us. Got lots

11
00:00:52.880 --> 00:00:55.679
<v Speaker 1>of fun things and some serious stuff to talk about today,

12
00:00:55.920 --> 00:00:59.000
<v Speaker 1>and either way, there's a lot to get to. So

13
00:00:59.240 --> 00:01:01.719
<v Speaker 1>here's what's ahead on wake up Call. The laped is

14
00:01:01.719 --> 00:01:04.000
<v Speaker 1>asking for your help in finding a newborn baby, her

15
00:01:04.040 --> 00:01:06.560
<v Speaker 1>fourteen year old mother and fifteen year old sister in law.

16
00:01:06.840 --> 00:01:09.359
<v Speaker 1>Officials say the three may be headed to the High Desert.

17
00:01:09.400 --> 00:01:12.439
<v Speaker 1>The baby has a heart condition and needs daily medication.

18
00:01:13.040 --> 00:01:17.000
<v Speaker 1>Amoria and Sinai Brown and the baby, oh Maria, were

19
00:01:17.040 --> 00:01:20.359
<v Speaker 1>last seen Sunday night. Special counsel Jack Smith Is asked

20
00:01:20.359 --> 00:01:23.760
<v Speaker 1>a federal appeals court to reinstate the classified document's case

21
00:01:23.840 --> 00:01:27.599
<v Speaker 1>against former President Trump. A federal judge throughout the case

22
00:01:27.680 --> 00:01:31.840
<v Speaker 1>last month, ruling that Smith's appointment as special council was unconstitutional.

23
00:01:32.120 --> 00:01:34.280
<v Speaker 1>We're going to find out more about this, what's next,

24
00:01:34.359 --> 00:01:37.560
<v Speaker 1>whether it could affect the election, with ABC's Peter Harralumbus.

25
00:01:37.840 --> 00:01:41.120
<v Speaker 1>In just a couple of minutes, the Dow Jones Industrial

26
00:01:41.159 --> 00:01:43.840
<v Speaker 1>Average has hit a record high, closing up sixty five

27
00:01:43.879 --> 00:01:47.560
<v Speaker 1>points yesterday at forty four hundred and twenty. It's the

28
00:01:47.599 --> 00:01:50.079
<v Speaker 1>first record since a huge drop of more than a

29
00:01:50.159 --> 00:01:52.480
<v Speaker 1>thousand points in a single day earlier this month that

30
00:01:52.560 --> 00:01:55.560
<v Speaker 1>sparked fears of a recession. Speaking of money, we're gonna

31
00:01:55.640 --> 00:01:57.879
<v Speaker 1>learn how to money with Joel Larsgard Love talking to

32
00:01:57.959 --> 00:02:00.719
<v Speaker 1>Julia always has such great advice for us. Before the

33
00:02:00.719 --> 00:02:04.280
<v Speaker 1>top of the hour, we've got those pesky ATM fees,

34
00:02:04.400 --> 00:02:07.560
<v Speaker 1>Joel says, you can't avoid them, and also a better

35
00:02:07.599 --> 00:02:11.159
<v Speaker 1>way to save your money. Also, the rules for how

36
00:02:11.199 --> 00:02:17.479
<v Speaker 1>buyers and sellers pay real estate commissions in California have changed,

37
00:02:17.680 --> 00:02:20.159
<v Speaker 1>and it's a big confusing mess. So we've got real

38
00:02:20.280 --> 00:02:23.240
<v Speaker 1>estate agent Justin Warsham coming in to help us make

39
00:02:23.319 --> 00:02:25.479
<v Speaker 1>sense of it. Let's get started with some of the

40
00:02:25.479 --> 00:02:28.039
<v Speaker 1>stories coming out of the KFI twenty four hour newsroom.

41
00:02:28.400 --> 00:02:31.280
<v Speaker 1>At least two people have been arrested in Compton in

42
00:02:31.319 --> 00:02:34.759
<v Speaker 1>connection with a home invasion in Sherman Oaks, PO least

43
00:02:34.800 --> 00:02:37.360
<v Speaker 1>say a woman was in the shower last night when

44
00:02:37.400 --> 00:02:40.039
<v Speaker 1>three men broke into her home. It's not clear what

45
00:02:40.199 --> 00:02:43.960
<v Speaker 1>was taken. The woman wasn't hurt. Undercover investigators had apparently

46
00:02:44.000 --> 00:02:47.759
<v Speaker 1>already been tracking the thieves, and an LAPD helicopter helped

47
00:02:47.840 --> 00:02:50.560
<v Speaker 1>follow them to a neighborhood in Compton, where they were

48
00:02:50.599 --> 00:02:54.479
<v Speaker 1>picked up. LA Metro has recorded its twentieth straight month

49
00:02:54.599 --> 00:02:55.759
<v Speaker 1>of ridership growth.

50
00:02:55.840 --> 00:02:59.439
<v Speaker 4>July's numbers show weekday ridership climbing back to pre pandemic levels.

51
00:02:59.439 --> 00:03:02.439
<v Speaker 4>It's about e t percent there. Metro Senior director Joseph

52
00:03:02.479 --> 00:03:05.639
<v Speaker 4>Forgerini says the broader economy's return after the height of

53
00:03:05.639 --> 00:03:08.560
<v Speaker 4>the pandemic is reflected on local buses and trains.

54
00:03:08.680 --> 00:03:10.960
<v Speaker 5>The trend has continued into this calendar year.

55
00:03:11.439 --> 00:03:14.520
<v Speaker 6>I think we're just really en throying a good critavery

56
00:03:15.000 --> 00:03:17.879
<v Speaker 6>of people returning to using transit.

57
00:03:18.000 --> 00:03:21.080
<v Speaker 4>Metro also says events around LA near train and bus

58
00:03:21.080 --> 00:03:24.840
<v Speaker 4>stops also help with July's gains in downtown La Michael

59
00:03:24.919 --> 00:03:26.199
<v Speaker 4>Monks KFI News.

60
00:03:26.319 --> 00:03:30.360
<v Speaker 1>Orange County Supervisor Katrina Foley has called on fellow supervisor

61
00:03:30.400 --> 00:03:33.840
<v Speaker 1>Andrew Doe to resign over allegations that his daughter was

62
00:03:33.879 --> 00:03:37.879
<v Speaker 1>involved in COVID nineteen relief funds fraud. Foley is also

63
00:03:37.919 --> 00:03:40.800
<v Speaker 1>calling on the Attorney General's office to remove Dough from

64
00:03:40.800 --> 00:03:44.159
<v Speaker 1>office if he won't step down. Orange County Board chairman

65
00:03:44.240 --> 00:03:47.439
<v Speaker 1>Don Wagners's he plans to ask supervisors to remove Dough

66
00:03:47.479 --> 00:03:51.520
<v Speaker 1>from committee assignments. A former Orange County sheriff sergeant says

67
00:03:51.599 --> 00:03:55.000
<v Speaker 1>all families should keep narcan in their homes to help

68
00:03:55.039 --> 00:03:57.240
<v Speaker 1>save lives during opioid overdoses.

69
00:03:57.319 --> 00:04:00.400
<v Speaker 7>Fatal drug overdoses have dropped by about three percent over

70
00:04:00.439 --> 00:04:02.680
<v Speaker 7>the last two years, and experts say that maybe because

71
00:04:02.719 --> 00:04:06.240
<v Speaker 7>of life saving medication the lock zone. Retired sheriff Sergeant

72
00:04:06.280 --> 00:04:09.360
<v Speaker 7>Clay Cranford says parents should start having conversations with their

73
00:04:09.439 --> 00:04:10.080
<v Speaker 7>kids earlier.

74
00:04:10.199 --> 00:04:14.879
<v Speaker 8>Most counterfeit prescription drugs contained fentanyl, and the DEA says

75
00:04:15.199 --> 00:04:18.040
<v Speaker 8>of the ones that do sixty percent heavy lethal dose.

76
00:04:18.160 --> 00:04:20.079
<v Speaker 7>He says teens can get in a lock zone without

77
00:04:20.079 --> 00:04:23.160
<v Speaker 7>a prescription at most pharmacies. The La County Department of

78
00:04:23.199 --> 00:04:26.319
<v Speaker 7>Public Health says three ninety two people died from fent

79
00:04:26.399 --> 00:04:30.600
<v Speaker 7>and all overdoses in the county last year. Chris Adler KFI.

80
00:04:30.199 --> 00:04:35.399
<v Speaker 1>News, let's say good morning to ABC's Peter HARALUMBUSI Hi.

81
00:04:35.360 --> 00:04:37.399
<v Speaker 9>Peter, Hey, good morning Amy.

82
00:04:37.399 --> 00:04:38.079
<v Speaker 5>Thanks for having me.

83
00:04:38.160 --> 00:04:40.040
<v Speaker 1>Hey, I was just thinking we haven't talked to you

84
00:04:40.120 --> 00:04:45.120
<v Speaker 1>since you were sitting in a courtroom every day for

85
00:04:45.120 --> 00:04:48.439
<v Speaker 1>former President Trump's trial in New York.

86
00:04:49.079 --> 00:04:50.519
<v Speaker 9>Yeah, things have changed.

87
00:04:50.560 --> 00:04:54.560
<v Speaker 5>It's been surprisingly slow summer on Donald Trump's legal front, but.

88
00:04:54.720 --> 00:04:58.879
<v Speaker 1>It's heating up again because Special Counsel Jack Smith is

89
00:04:58.959 --> 00:05:05.720
<v Speaker 1>appealing federal judge's dismissal of the classified documents case against Trumps.

90
00:05:05.800 --> 00:05:09.600
<v Speaker 1>So let's go back into a quick refresher course. What

91
00:05:09.720 --> 00:05:12.839
<v Speaker 1>was the case and what was the argument to dismiss.

92
00:05:13.000 --> 00:05:15.319
<v Speaker 5>Sure, So this case came up a little bit more

93
00:05:15.360 --> 00:05:18.560
<v Speaker 5>than a year ago. Prosecutors charged the former president with

94
00:05:18.720 --> 00:05:23.040
<v Speaker 5>violations of the Espionage Act, an obstruction of justice, alleging

95
00:05:23.079 --> 00:05:26.480
<v Speaker 5>that he mishandled classified documents after we left the White House,

96
00:05:26.759 --> 00:05:28.839
<v Speaker 5>and then he got in the way of an investigation

97
00:05:29.160 --> 00:05:32.959
<v Speaker 5>when officials tried to retrieve those documents. The former president

98
00:05:33.040 --> 00:05:35.199
<v Speaker 5>faced kind of a litany of charges in that case,

99
00:05:35.360 --> 00:05:37.519
<v Speaker 5>but kind of got dealt a good hand with the

100
00:05:37.600 --> 00:05:40.639
<v Speaker 5>judge in that case, Eileen Cannon, who kind of delayed

101
00:05:40.680 --> 00:05:45.639
<v Speaker 5>the proceedings, took up argument on kind of frivolous issues

102
00:05:45.839 --> 00:05:48.879
<v Speaker 5>brought up by Trump's team, and eventually throughout the case.

103
00:05:49.319 --> 00:05:51.160
<v Speaker 5>She did that on the first day of the RNC

104
00:05:51.319 --> 00:05:54.000
<v Speaker 5>back in July, kind of a surprise move for everyone,

105
00:05:54.600 --> 00:05:58.279
<v Speaker 5>bucking kind of fifty years of legal precedent by finding

106
00:05:58.319 --> 00:06:01.800
<v Speaker 5>that special counsel Jack Smith didn't actually have the right

107
00:06:01.879 --> 00:06:04.399
<v Speaker 5>to bring the case. She didn't really roll on the merits,

108
00:06:04.439 --> 00:06:06.879
<v Speaker 5>just the fact that Smith himself didn't have the authority

109
00:06:06.879 --> 00:06:07.920
<v Speaker 5>to bring in Okay.

110
00:06:07.800 --> 00:06:10.040
<v Speaker 1>So I didn't say She didn't say he didn't do

111
00:06:10.079 --> 00:06:14.399
<v Speaker 1>anything wrong. She said Jack Smith really shouldn't have been

112
00:06:14.480 --> 00:06:15.920
<v Speaker 1>the special counsel on the case.

113
00:06:16.560 --> 00:06:17.439
<v Speaker 9>That's exactly right.

114
00:06:17.480 --> 00:06:19.560
<v Speaker 5>It was all about Jack Smith and nothing about Trump

115
00:06:19.800 --> 00:06:20.759
<v Speaker 5>in that order.

116
00:06:20.879 --> 00:06:22.839
<v Speaker 1>Okay. So now Jack Smith is back and he's saying

117
00:06:22.879 --> 00:06:25.480
<v Speaker 1>hold on and he's appealing the judge's ruling.

118
00:06:26.600 --> 00:06:28.879
<v Speaker 5>That's right. So they're trying to revive the charges. They've

119
00:06:28.920 --> 00:06:31.360
<v Speaker 5>asked the Atlanta based US Court of Appeals for the

120
00:06:31.399 --> 00:06:36.439
<v Speaker 5>Eleventh Circle to reverse Cannon's decision. And basically allow those

121
00:06:36.480 --> 00:06:38.839
<v Speaker 5>charges to continue. It's going to be a lengthy process.

122
00:06:39.000 --> 00:06:43.079
<v Speaker 5>Trump's replies. Doing thirty days, they'll likely be oral arguments,

123
00:06:43.120 --> 00:06:47.000
<v Speaker 5>and Trump's team, if they'd like, could probably appeal this

124
00:06:47.279 --> 00:06:49.600
<v Speaker 5>all the way up to the Supreme Court, even when

125
00:06:49.720 --> 00:06:52.199
<v Speaker 5>the Court of Appeals makes their final decision.

126
00:06:52.360 --> 00:06:56.160
<v Speaker 1>Well, you just answered my last two my last two questions,

127
00:06:56.160 --> 00:06:58.000
<v Speaker 1>because I was going to ask if it could end

128
00:06:58.079 --> 00:07:01.519
<v Speaker 1>up before the Supreme Court, which which it could eventually

129
00:07:01.680 --> 00:07:06.680
<v Speaker 1>if they accepted it. But no decision before the election, Right,

130
00:07:06.720 --> 00:07:07.600
<v Speaker 1>it's going to be a while.

131
00:07:08.079 --> 00:07:09.759
<v Speaker 5>Yeah, it's going to be a while. There's certainly no

132
00:07:09.879 --> 00:07:12.480
<v Speaker 5>chance this case goes to trial before the election. It

133
00:07:12.519 --> 00:07:14.959
<v Speaker 5>will probably probably won't even see a decision from the

134
00:07:14.959 --> 00:07:17.120
<v Speaker 5>Court of Appeals before the election, and then of course

135
00:07:17.199 --> 00:07:20.759
<v Speaker 5>the great unkown of the Supreme Court. Notably, there was

136
00:07:20.839 --> 00:07:24.800
<v Speaker 5>no actually mention of recusing Judge Cannon, which was something

137
00:07:24.800 --> 00:07:28.040
<v Speaker 5>that was debated kind of in the weeks preceding this appeal,

138
00:07:28.639 --> 00:07:31.680
<v Speaker 5>given the fact that if the DJ seriously wants this

139
00:07:31.759 --> 00:07:34.720
<v Speaker 5>case to go forward, it seems unlikely with that judge

140
00:07:34.720 --> 00:07:35.560
<v Speaker 5>overseeing the case.

141
00:07:36.120 --> 00:07:40.120
<v Speaker 1>Okay, and so what's next. In thirty days, they respond

142
00:07:40.600 --> 00:07:41.360
<v Speaker 1>to the appeal.

143
00:07:42.079 --> 00:07:45.040
<v Speaker 5>Yeah, So in thirty days, Trump's team will respond to

144
00:07:45.079 --> 00:07:47.600
<v Speaker 5>this motion, and then there'll be another response from Jack

145
00:07:47.600 --> 00:07:50.079
<v Speaker 5>Smith's team, and then at some point there'll be oral

146
00:07:50.160 --> 00:07:53.920
<v Speaker 5>argument where the panel of judges will kind of ask

147
00:07:53.959 --> 00:07:56.600
<v Speaker 5>some questions the judge to the lawyers for both.

148
00:07:56.439 --> 00:08:00.879
<v Speaker 1>Sides, okay, And if the panel then if they said, okay,

149
00:08:00.959 --> 00:08:03.920
<v Speaker 1>we accept this appeal, would it go back down to

150
00:08:04.040 --> 00:08:07.959
<v Speaker 1>the judge or would they try it there? No, they

151
00:08:07.959 --> 00:08:10.000
<v Speaker 1>wouldn't try it at the appeals level. Would it go

152
00:08:10.040 --> 00:08:11.040
<v Speaker 1>back down to the judge?

153
00:08:11.439 --> 00:08:14.160
<v Speaker 5>It gets complicated at that point because, on one hand,

154
00:08:14.279 --> 00:08:17.000
<v Speaker 5>if this appeal is if this decision from Judge Cannon

155
00:08:17.079 --> 00:08:20.560
<v Speaker 5>is reversed, the case does get handed back down to

156
00:08:20.600 --> 00:08:24.240
<v Speaker 5>the Southern District of Florida and Judge Cannon. Technically, unless

157
00:08:24.800 --> 00:08:28.399
<v Speaker 5>Jack Smith's team separately asks for the judge to be accused.

158
00:08:28.839 --> 00:08:32.279
<v Speaker 5>Trump's team could also appeal that decision and ask the

159
00:08:32.320 --> 00:08:35.720
<v Speaker 5>Supreme Court or the entire Court of Appeals and in

160
00:08:35.879 --> 00:08:39.840
<v Speaker 5>bond hearing to reconsider the issue. So it's really hard

161
00:08:39.840 --> 00:08:42.720
<v Speaker 5>to say what happens next. Even if this decision gets

162
00:08:42.720 --> 00:08:44.080
<v Speaker 5>reversed by the Court of Appeals.

163
00:08:44.159 --> 00:08:48.600
<v Speaker 1>Okay, then here's another one Peter, Could the appeals Court say, Okay,

164
00:08:48.919 --> 00:08:51.679
<v Speaker 1>we're going to overturn that and let it go back

165
00:08:51.720 --> 00:08:54.240
<v Speaker 1>down to the courts. But Jack Smith, because you're you

166
00:08:54.399 --> 00:08:57.000
<v Speaker 1>really can't be on this case, somebody else has to

167
00:08:57.039 --> 00:08:58.519
<v Speaker 1>try it. Could they do that?

168
00:08:59.440 --> 00:09:03.240
<v Speaker 5>They could in on this question of Jack Smith's constitutionality

169
00:09:03.600 --> 00:09:06.200
<v Speaker 5>in a way. By kind of dismissing this case on

170
00:09:06.240 --> 00:09:09.879
<v Speaker 5>the grounds of Jack Smith's appointment, Judge Cannon theoretically has

171
00:09:09.960 --> 00:09:11.679
<v Speaker 5>opened a bit of a can of worms here that

172
00:09:12.120 --> 00:09:16.720
<v Speaker 5>the court could kind of dive into and question his authority.

173
00:09:16.799 --> 00:09:20.039
<v Speaker 5>Most legal experts, though, seem to think that this tradition

174
00:09:20.120 --> 00:09:23.399
<v Speaker 5>of appointing special councils is well founded in the law

175
00:09:23.639 --> 00:09:27.440
<v Speaker 5>and has been put into practice basically for over fifty years.

176
00:09:28.159 --> 00:09:30.440
<v Speaker 5>So while it's unlikely, it's not outside of the realm

177
00:09:30.519 --> 00:09:34.279
<v Speaker 5>of possibility that we see continued scrutiny on Jack Smith's appointment.

178
00:09:34.600 --> 00:09:37.960
<v Speaker 1>Okay, never a dull moment in Trump world. Thanks for

179
00:09:37.960 --> 00:09:41.039
<v Speaker 1>helping us sort it out, Peter Hower, Olumbus, appreciate your

180
00:09:41.039 --> 00:09:42.240
<v Speaker 1>time and your insight.

181
00:09:42.960 --> 00:09:44.480
<v Speaker 5>Thanks as always, Amy, I appreciate.

182
00:09:44.200 --> 00:09:46.200
<v Speaker 1>It all right, talk to you soon. Let's get back

183
00:09:46.240 --> 00:09:47.799
<v Speaker 1>to some of the stories coming out of the KFI

184
00:09:47.879 --> 00:09:51.000
<v Speaker 1>twenty four hour newsroom. LA will pay nearly forty million

185
00:09:51.080 --> 00:09:55.360
<v Speaker 1>dollars for not meeting disability requirements for federally funded housing.

186
00:09:55.480 --> 00:09:58.600
<v Speaker 8>Federal prosecutors alleged the city build housing with federal money

187
00:09:58.600 --> 00:10:01.399
<v Speaker 8>that had too high of countertime ops, two steep of slopes,

188
00:10:01.600 --> 00:10:04.919
<v Speaker 8>and doorways that were not wheelchair accessible. The city was

189
00:10:04.960 --> 00:10:07.480
<v Speaker 8>also accused in twenty seventeen of not having a publicly

190
00:10:07.519 --> 00:10:11.399
<v Speaker 8>available list of accessible units. The settlement was announced yesterday.

191
00:10:11.720 --> 00:10:14.960
<v Speaker 8>US Department of Housing and Urban Development Inspector General Ray

192
00:10:15.000 --> 00:10:17.720
<v Speaker 8>Oliver Davis says by failing to make certain that hud

193
00:10:17.759 --> 00:10:21.639
<v Speaker 8>funded housing was appropriately built to meet federal accessibility requirements,

194
00:10:21.879 --> 00:10:24.519
<v Speaker 8>the city discriminated against people with disabilities.

195
00:10:24.919 --> 00:10:26.279
<v Speaker 9>Blake Trolly, k if I News.

196
00:10:26.519 --> 00:10:29.639
<v Speaker 1>Republican vice presidential candidate JD Vance has said to speak

197
00:10:29.679 --> 00:10:33.360
<v Speaker 1>at a fundraiser in Rancho Santa Fe in San Diego County.

198
00:10:33.799 --> 00:10:36.799
<v Speaker 1>Tickets for the event next week range from one thousand

199
00:10:36.960 --> 00:10:40.200
<v Speaker 1>to fifty thousand dollars per couple. Vance then heads to

200
00:10:40.240 --> 00:10:44.879
<v Speaker 1>another fundraising reception in La on September eighth. Two US

201
00:10:44.919 --> 00:10:47.759
<v Speaker 1>aircraft carrier groups are in the Middle East after Israel

202
00:10:47.840 --> 00:10:50.840
<v Speaker 1>and Hesbela fired missiles at each other in Lebanon over

203
00:10:50.879 --> 00:10:54.799
<v Speaker 1>the weekend. ABC's Britt Clinet says Iran has renewed its

204
00:10:54.840 --> 00:10:57.679
<v Speaker 1>threats to strike Israel. An all out war between Israel

205
00:10:57.720 --> 00:10:59.960
<v Speaker 1>and Hezbla may have been averted for now.

206
00:10:59.840 --> 00:11:02.159
<v Speaker 9>But Iran now doubling down on its.

207
00:11:02.039 --> 00:11:05.080
<v Speaker 7>Threats to strike Israel in response to the assassination of

208
00:11:05.080 --> 00:11:07.960
<v Speaker 7>Hamasa's political leader in Tehran nearly a month ago.

209
00:11:08.120 --> 00:11:11.799
<v Speaker 1>Clinton says Israeli Prime Minister Netanyahu will send his delegation

210
00:11:11.919 --> 00:11:14.320
<v Speaker 1>to Cairo later this week to try to settle on

211
00:11:14.399 --> 00:11:18.600
<v Speaker 1>a ceasefire agreement in Gaza. Thirty states have now reported

212
00:11:18.639 --> 00:11:22.320
<v Speaker 1>cases of West Nile virus. ABC's Ariel Rechef says some

213
00:11:22.480 --> 00:11:26.120
<v Speaker 1>communities have started spraying against mosquitoes to stop the spread.

214
00:11:26.240 --> 00:11:28.879
<v Speaker 1>Trucks from New York City's Health Department will be fanning

215
00:11:28.879 --> 00:11:33.879
<v Speaker 1>across Manhattan and Brooklyn targeting disease carrying mosquitoes with pasticide spray.

216
00:11:34.240 --> 00:11:37.799
<v Speaker 1>Eight cities in Massachusetts are at high risk for West Nile.

217
00:11:38.240 --> 00:11:41.480
<v Speaker 1>The town of Plymouth has closed fields and parks from

218
00:11:41.559 --> 00:11:44.799
<v Speaker 1>dusk until dawn so people aren't exposed to the mosquitoes.

219
00:11:45.360 --> 00:11:48.480
<v Speaker 1>The launch of Space Ex's Polaris Dawn mission has been

220
00:11:48.519 --> 00:11:51.759
<v Speaker 1>delayed because of a helium leak. The launch was supposed

221
00:11:51.799 --> 00:11:54.159
<v Speaker 1>to happen today, but now we'll have to wait until

222
00:11:54.240 --> 00:11:57.840
<v Speaker 1>at least tomorrow to try again. ABC's Alex Stone says

223
00:11:57.879 --> 00:11:59.960
<v Speaker 1>the crew plans to go eight hundred and seventy miles

224
00:12:00.200 --> 00:12:03.159
<v Speaker 1>above Earth, which is the highest human spaceflight since the

225
00:12:03.200 --> 00:12:04.080
<v Speaker 1>Apollo missions.

226
00:12:04.159 --> 00:12:06.240
<v Speaker 4>During the five day trip, two of the crew members

227
00:12:06.240 --> 00:12:08.840
<v Speaker 4>are planning to exit the spacecraft four hundred and thirty

228
00:12:08.919 --> 00:12:10.120
<v Speaker 4>five miles above Earth.

229
00:12:10.399 --> 00:12:13.919
<v Speaker 1>Is part of a test of SpaceX's new spacesuits. SpaceX

230
00:12:13.919 --> 00:12:17.679
<v Speaker 1>says Falcon and Dragon remain healthy and the crew continues

231
00:12:17.720 --> 00:12:20.000
<v Speaker 1>to be ready for their multi day mission to low

232
00:12:20.120 --> 00:12:23.039
<v Speaker 1>orbit a low Earth orbit, and you might want to

233
00:12:23.120 --> 00:12:26.960
<v Speaker 1>check your five dollar bill, it could be worth thousands.

234
00:12:27.559 --> 00:12:30.480
<v Speaker 1>Go Banking Rates says a five dollar bill was so

235
00:12:30.600 --> 00:12:33.720
<v Speaker 1>called solid serial numbers on it. That means that all

236
00:12:33.720 --> 00:12:35.600
<v Speaker 1>the serial numbers are the same, so like one one

237
00:12:35.559 --> 00:12:37.799
<v Speaker 1>one one one one is worth as much as two

238
00:12:37.799 --> 00:12:41.360
<v Speaker 1>thousand dollars. Only about one in eleven million bills with

239
00:12:41.559 --> 00:12:45.159
<v Speaker 1>solid serial numbers are in circulation. But if you have one,

240
00:12:45.279 --> 00:12:47.960
<v Speaker 1>the penny hoarder says, take it to a coin shop

241
00:12:48.000 --> 00:12:51.240
<v Speaker 1>and get it appraised. First of its kind bill would

242
00:12:51.240 --> 00:12:55.440
<v Speaker 1>make illegal immigrants eligible for first time home loans. The

243
00:12:55.480 --> 00:12:59.440
<v Speaker 1>bill in the Democrat controlled legislature would make immigrants eligible

244
00:12:59.720 --> 00:13:02.159
<v Speaker 1>for a to one hundred and fifty thousand dollars in

245
00:13:02.240 --> 00:13:06.200
<v Speaker 1>taxpayers supported home loans In California. Governor Newsom hasn't said

246
00:13:06.200 --> 00:13:08.360
<v Speaker 1>whether he would sign the measure if it reaches his

247
00:13:08.480 --> 00:13:11.960
<v Speaker 1>desk by the August thirty first deadline. The US soldier

248
00:13:12.000 --> 00:13:15.000
<v Speaker 1>who ran across the DMV from South into North Korea

249
00:13:15.080 --> 00:13:18.000
<v Speaker 1>last year is expected to plead guilty to five of

250
00:13:18.080 --> 00:13:22.120
<v Speaker 1>fourteen charges against him. Travis King crossed the border in

251
00:13:22.279 --> 00:13:24.960
<v Speaker 1>July of twenty twenty three and then was held in

252
00:13:25.039 --> 00:13:28.039
<v Speaker 1>North Korea until he was released to the US in September.

253
00:13:28.799 --> 00:13:32.360
<v Speaker 1>A LaBamba remake is in the works. Variety reports Sony

254
00:13:32.399 --> 00:13:35.440
<v Speaker 1>Pictures as developing a remake of the Golden Globe nominated

255
00:13:35.720 --> 00:13:39.399
<v Speaker 1>La Bamba about Richie Vallen's Vallins, played by lou Diamond

256
00:13:39.440 --> 00:13:42.159
<v Speaker 1>Phillips in the nineteen eighty seven movie, died at the

257
00:13:42.200 --> 00:13:44.440
<v Speaker 1>age of seventeen in the plane crash, along with Buddy

258
00:13:44.440 --> 00:13:46.919
<v Speaker 1>Holly and The Big Bopper. The writer and director of

259
00:13:46.919 --> 00:13:51.080
<v Speaker 1>the original food film. Lewis Valdiz will serve as executive

260
00:13:51.080 --> 00:13:53.840
<v Speaker 1>producer at six oh five, It's handled on the news.

261
00:13:54.960 --> 00:13:58.159
<v Speaker 1>Love this ATM. Fees have hit an all time high.

262
00:13:59.080 --> 00:14:02.080
<v Speaker 1>Right now, let's say good morning to ABC's Jim Ryan,

263
00:14:02.759 --> 00:14:06.519
<v Speaker 1>Jim Merglaries are out of control, more and more brazen.

264
00:14:06.559 --> 00:14:09.519
<v Speaker 1>We just had a big home invasion in Sherman Oaks overnight.

265
00:14:09.679 --> 00:14:13.480
<v Speaker 1>They luckily caught a couple of guys, but residents are

266
00:14:13.519 --> 00:14:16.440
<v Speaker 1>doing something to try to hide themselves from criminals.

267
00:14:16.480 --> 00:14:18.519
<v Speaker 10>Now, yeah, and this is something I actually saw that

268
00:14:18.559 --> 00:14:21.320
<v Speaker 10>came out of southern California, where you've had all sorts

269
00:14:21.360 --> 00:14:24.879
<v Speaker 10>of problems or at least higher profile burglaries and home invasions,

270
00:14:24.879 --> 00:14:28.200
<v Speaker 10>break ins like that. People what they're doing. The suspicion

271
00:14:28.320 --> 00:14:31.559
<v Speaker 10>a means that some folks, some burglars and then criminals

272
00:14:31.600 --> 00:14:35.080
<v Speaker 10>are going online. They're going to Google maps. They're checking

273
00:14:35.120 --> 00:14:38.120
<v Speaker 10>out various neighborhoods by you know, dropping the little man

274
00:14:38.159 --> 00:14:41.919
<v Speaker 10>down on the street and cruising through neighborhoods virtually and

275
00:14:42.039 --> 00:14:45.600
<v Speaker 10>checking out see what houses are there, maybe see what

276
00:14:45.679 --> 00:14:47.480
<v Speaker 10>kind of car you have in front of your house,

277
00:14:47.960 --> 00:14:50.840
<v Speaker 10>and getting a very clear, crystal clear image of what's

278
00:14:50.879 --> 00:14:53.320
<v Speaker 10>out there. You know, the license plates are blurred out.

279
00:14:53.360 --> 00:14:54.720
<v Speaker 10>And if you happen to be in the front yard

280
00:14:54.759 --> 00:14:56.960
<v Speaker 10>picking up your newspaper or something, your face is blurred

281
00:14:56.960 --> 00:14:59.519
<v Speaker 10>out too. You've seeing the Google car go by right

282
00:15:00.080 --> 00:15:02.960
<v Speaker 10>and so. But people are going online now, they're going

283
00:15:03.039 --> 00:15:07.200
<v Speaker 10>to Google Maps. They are finding their own homes and

284
00:15:07.360 --> 00:15:11.240
<v Speaker 10>blurring them. And it's a very simple process to go

285
00:15:11.279 --> 00:15:13.480
<v Speaker 10>and go in there and blur out the image of

286
00:15:13.480 --> 00:15:15.679
<v Speaker 10>off your car. You know, you know your maserati is

287
00:15:15.720 --> 00:15:19.320
<v Speaker 10>sitting there. You don't want criminals to see that, or

288
00:15:19.360 --> 00:15:22.480
<v Speaker 10>your mansion, or at least your address. You can blur

289
00:15:22.519 --> 00:15:24.360
<v Speaker 10>out your address if you want to, just that small

290
00:15:24.440 --> 00:15:27.639
<v Speaker 10>chunk of it. So it's an easy process, and I'll

291
00:15:27.639 --> 00:15:29.120
<v Speaker 10>tell you how you to do it if you want to.

292
00:15:29.120 --> 00:15:31.440
<v Speaker 1>Hear okay, I do okay.

293
00:15:31.519 --> 00:15:33.840
<v Speaker 10>So you find your house on Google Maps, on a

294
00:15:33.960 --> 00:15:39.399
<v Speaker 10>Google Earth US street view, and you click on the

295
00:15:39.399 --> 00:15:41.000
<v Speaker 10>button there. It's in the upper left. I think it

296
00:15:41.000 --> 00:15:43.840
<v Speaker 10>says report a problem up a right or lower right.

297
00:15:43.960 --> 00:15:46.879
<v Speaker 10>And once you're a reporter problem, it gives the option

298
00:15:47.120 --> 00:15:52.000
<v Speaker 10>to blur out any particular part of that image, whether

299
00:15:52.039 --> 00:15:54.279
<v Speaker 10>it's the house or the car, whatever it is that

300
00:15:54.360 --> 00:15:57.039
<v Speaker 10>you've framed up in the picture. You do have to

301
00:15:57.080 --> 00:15:59.720
<v Speaker 10>certify and promise there that it is your house, that

302
00:15:59.759 --> 00:16:02.759
<v Speaker 10>it's somebody else's house that you're trying to do this too,

303
00:16:02.840 --> 00:16:06.120
<v Speaker 10>and then there's a review process and then Google will

304
00:16:06.240 --> 00:16:09.600
<v Speaker 10>blur it. It'll blur that image right there, so people

305
00:16:09.799 --> 00:16:12.559
<v Speaker 10>cruising through the neighborhood then checking it out, we'll see

306
00:16:13.240 --> 00:16:17.080
<v Speaker 10>a fuzzy image there as they're virtually cruising down your street.

307
00:16:17.159 --> 00:16:20.240
<v Speaker 1>Okay, So Jim, it doesn't happen instantaneously. You basically have

308
00:16:20.320 --> 00:16:22.039
<v Speaker 1>to apply to have it done. Because I was just

309
00:16:22.080 --> 00:16:24.240
<v Speaker 1>going to ask you, well, couldn't I just go on

310
00:16:24.279 --> 00:16:26.720
<v Speaker 1>to some website start blurring people's houses.

311
00:16:26.840 --> 00:16:29.879
<v Speaker 10>Sure. Yeah, And that's why Google has that process. They're

312
00:16:29.879 --> 00:16:32.200
<v Speaker 10>going to check out I assume, one way or another

313
00:16:32.440 --> 00:16:35.440
<v Speaker 10>to show that you're the registered property owner there at

314
00:16:35.480 --> 00:16:38.679
<v Speaker 10>that particular place, and then they'll go ahead and blur.

315
00:16:38.559 --> 00:16:38.919
<v Speaker 5>It for you.

316
00:16:38.960 --> 00:16:41.200
<v Speaker 10>But I mean, it's just and there's no real evidence

317
00:16:41.240 --> 00:16:44.440
<v Speaker 10>that criminals are cruising neighborhoods virtually and checking them out

318
00:16:44.480 --> 00:16:49.200
<v Speaker 10>on Google Maps and street view. But the police say

319
00:16:49.200 --> 00:16:52.120
<v Speaker 10>that whatever we can do to protect yourself, it's just

320
00:16:52.200 --> 00:16:54.919
<v Speaker 10>another step, same as the sign in front of your

321
00:16:55.039 --> 00:16:57.960
<v Speaker 10>house that says I have an alarm system or there's

322
00:16:58.000 --> 00:17:00.799
<v Speaker 10>a barracuda loose in the house, something like that.

323
00:17:00.840 --> 00:17:03.399
<v Speaker 9>You know, whatever, you can do it.

324
00:17:03.679 --> 00:17:05.880
<v Speaker 10>It's another step toward protecting yourself.

325
00:17:06.079 --> 00:17:08.960
<v Speaker 1>Okay. And you said that it started in LA. Is

326
00:17:09.000 --> 00:17:10.599
<v Speaker 1>it spreading now across the country.

327
00:17:10.759 --> 00:17:13.720
<v Speaker 10>Well, I think the trend started in LA. For starting

328
00:17:13.720 --> 00:17:16.759
<v Speaker 10>in southern California because of break ins and things there.

329
00:17:16.839 --> 00:17:19.079
<v Speaker 10>That's it seems to be where it's most predominant. But

330
00:17:19.599 --> 00:17:22.119
<v Speaker 10>it's been available everywhere, I think for as long as

331
00:17:22.519 --> 00:17:24.319
<v Speaker 10>street view has been around.

332
00:17:24.799 --> 00:17:27.480
<v Speaker 1>Okay, I didn't know that. Okay, So here's here's me

333
00:17:27.559 --> 00:17:28.720
<v Speaker 1>playing Devil's advocate.

334
00:17:28.839 --> 00:17:29.279
<v Speaker 9>Go ahead.

335
00:17:29.839 --> 00:17:33.680
<v Speaker 1>Could a blurred picture actually entice burglars and invaders?

336
00:17:33.759 --> 00:17:36.160
<v Speaker 10>Sure it could. Or let's say you want to sell

337
00:17:36.200 --> 00:17:39.279
<v Speaker 10>your house someday and home shoppers cruising down you know,

338
00:17:39.480 --> 00:17:42.039
<v Speaker 10>then I did that buying house. You know, you virtually

339
00:17:42.039 --> 00:17:44.359
<v Speaker 10>go down the street. Yeah that's nice. Nice, and you know,

340
00:17:44.359 --> 00:17:48.559
<v Speaker 10>I'm pretty looking at houses for sale, and so yeah,

341
00:17:48.559 --> 00:17:51.119
<v Speaker 10>there is a potential downside to it, and it may

342
00:17:51.160 --> 00:17:53.960
<v Speaker 10>attract people who say, well, if that's a mansariety that's

343
00:17:54.000 --> 00:17:56.279
<v Speaker 10>blurred out there in front of Amy's house, you know,

344
00:17:57.160 --> 00:17:59.440
<v Speaker 10>Could it do that? Sure it could. I mean, there's

345
00:17:59.440 --> 00:18:01.839
<v Speaker 10>no this is all anecdotal anyone. I don't think there's

346
00:18:01.880 --> 00:18:06.880
<v Speaker 10>hard evidence to suggest that burglars are doing this or

347
00:18:06.920 --> 00:18:08.440
<v Speaker 10>that this is going to help. But it is just

348
00:18:08.519 --> 00:18:10.640
<v Speaker 10>one more thing. You'd also get an app on your

349
00:18:10.680 --> 00:18:14.160
<v Speaker 10>phone that says that tells you about crimes or crime

350
00:18:14.200 --> 00:18:17.359
<v Speaker 10>trends in your neighborhood or your town, and there's another

351
00:18:17.359 --> 00:18:19.279
<v Speaker 10>way to do that. I think the main thing, though

352
00:18:19.319 --> 00:18:22.759
<v Speaker 10>the police sector suggesting Amy is putting down the phone,

353
00:18:23.359 --> 00:18:27.000
<v Speaker 10>putting away the laptop there, going outside, meeting your neighbors right,

354
00:18:27.119 --> 00:18:29.960
<v Speaker 10>knock on the door and say, hey, I'm Amy, I

355
00:18:30.039 --> 00:18:31.920
<v Speaker 10>live next door. If I'm out of town, could you

356
00:18:31.960 --> 00:18:33.480
<v Speaker 10>watch the place. I'll do the same for you and

357
00:18:33.519 --> 00:18:35.319
<v Speaker 10>build a relationship with your neighbors.

358
00:18:35.680 --> 00:18:38.359
<v Speaker 1>I think that that is a really good idea because

359
00:18:38.720 --> 00:18:41.039
<v Speaker 1>nosy neighbors are good. I used to live next to

360
00:18:41.039 --> 00:18:43.680
<v Speaker 1>somebody who she knew everything going on in the neighborhood,

361
00:18:43.839 --> 00:18:45.400
<v Speaker 1>and some of the neighbors would complain about it, and

362
00:18:45.400 --> 00:18:47.400
<v Speaker 1>I'm like, no, no, it's a good thing because if

363
00:18:47.400 --> 00:18:50.640
<v Speaker 1>something is awry, she's going to be the first one

364
00:18:50.640 --> 00:18:51.920
<v Speaker 1>to go, h excuse me.

365
00:18:52.640 --> 00:18:54.480
<v Speaker 10>Yeah, we'll call the cops or something. Yeah.

366
00:18:54.559 --> 00:18:56.880
<v Speaker 1>Absolutely, Yeah. And you know, and the other thing that

367
00:18:56.960 --> 00:19:00.000
<v Speaker 1>app that you mentioned about trending and that kind of thing,

368
00:19:00.640 --> 00:19:04.960
<v Speaker 1>there's that neighborhood app. Yeah, and I had to get

369
00:19:05.039 --> 00:19:07.319
<v Speaker 1>rid of it because all everybody does is talk about

370
00:19:07.319 --> 00:19:10.200
<v Speaker 1>bad stuff. God, I don't even want to know about this.

371
00:19:10.720 --> 00:19:15.119
<v Speaker 10>Yeah, gossip and racist rants in some places. It's just

372
00:19:15.160 --> 00:19:18.599
<v Speaker 10>no fun anymore. I got off that a long time ago, too, So.

373
00:19:18.599 --> 00:19:21.119
<v Speaker 1>Blurring homes not hard to do. Just take some minute.

374
00:19:21.160 --> 00:19:24.960
<v Speaker 1>Google theoretically reviews it. A wonderful live person reviews it,

375
00:19:25.039 --> 00:19:26.799
<v Speaker 1>or if it must not be, it's got to be

376
00:19:26.839 --> 00:19:28.759
<v Speaker 1>some sort of algorithm says yes, or well, I.

377
00:19:28.759 --> 00:19:30.799
<v Speaker 10>Think you're right. I mean they have the records there.

378
00:19:30.839 --> 00:19:34.079
<v Speaker 10>They know, you know, property records, who are places registered

379
00:19:34.079 --> 00:19:36.759
<v Speaker 10>to and looking at the address, it's probably done in

380
00:19:36.839 --> 00:19:38.000
<v Speaker 10>a millisecond.

381
00:19:38.920 --> 00:19:42.000
<v Speaker 1>Well, I think doing anything you can to protect your property.

382
00:19:42.079 --> 00:19:45.720
<v Speaker 1>Since even though they say crime stats are lower, I

383
00:19:45.720 --> 00:19:48.359
<v Speaker 1>don't buy it, because we just hear about these things

384
00:19:48.359 --> 00:19:51.000
<v Speaker 1>happening more and more. They've got a whole neighborhood or

385
00:19:51.039 --> 00:19:54.119
<v Speaker 1>community on alert in West LA because of all the

386
00:19:54.119 --> 00:19:57.000
<v Speaker 1>break ins they've had recently. So yeah, all right, you

387
00:19:57.039 --> 00:19:58.359
<v Speaker 1>see Jim Ryan, thank you so much.

388
00:19:58.440 --> 00:19:59.359
<v Speaker 10>All right, appreciate it.

389
00:19:59.400 --> 00:20:01.279
<v Speaker 1>Touch to you soon. Okay, all right, let's get back

390
00:20:01.279 --> 00:20:02.720
<v Speaker 1>to some of the stories coming out of the KFI

391
00:20:02.759 --> 00:20:05.640
<v Speaker 1>twenty four hour newsroom. Public health officials in the US

392
00:20:05.640 --> 00:20:08.640
<v Speaker 1>are urging people to get the newly available COVID nineteen

393
00:20:08.720 --> 00:20:13.720
<v Speaker 1>vaccine ahead of the winter respiratory illness season. ABC's Sony

394
00:20:14.039 --> 00:20:17.759
<v Speaker 1>Salzman says, the vaccines are aimed at keeping virus cases

395
00:20:17.799 --> 00:20:18.640
<v Speaker 1>out of hospitals.

396
00:20:18.759 --> 00:20:22.599
<v Speaker 6>These vaccines, they do a really good job protecting you

397
00:20:22.640 --> 00:20:24.160
<v Speaker 6>from that severe illness.

398
00:20:24.240 --> 00:20:26.400
<v Speaker 1>They do not do the best job against protecting you

399
00:20:26.440 --> 00:20:31.759
<v Speaker 1>from infection. Full stop. Salesman says. Peak of protection last

400
00:20:31.799 --> 00:20:35.119
<v Speaker 1>for maybe two weeks after someone gets the shot. Bodycam

401
00:20:35.200 --> 00:20:38.279
<v Speaker 1>video shows a sheriff's deputy in Orange County shoot a

402
00:20:38.319 --> 00:20:41.839
<v Speaker 1>man who had allegedly decapitated his parents and their dog

403
00:20:41.920 --> 00:20:45.400
<v Speaker 1>in San Juan Capistrano.

404
00:20:45.920 --> 00:20:49.799
<v Speaker 2>The man, wearing blood soaked clothes, is id'd as Joseph Gerdville.

405
00:20:49.839 --> 00:20:52.279
<v Speaker 2>He continues advancing, holding what turned out to be a

406
00:20:52.319 --> 00:20:55.200
<v Speaker 2>water meter in his hand, gets shot, falls to the ground,

407
00:20:55.200 --> 00:20:58.519
<v Speaker 2>bleeding heavily, but can be heard singing a Tina Turner

408
00:20:58.640 --> 00:20:59.960
<v Speaker 2>song as deputy's treat.

409
00:21:00.000 --> 00:21:00.920
<v Speaker 9>It's the gunshot wounds.

410
00:21:03.880 --> 00:21:05.839
<v Speaker 2>The man can also be heard last month saying I

411
00:21:05.920 --> 00:21:08.839
<v Speaker 2>love you and please finish me off. Gerdwille faces murder

412
00:21:08.920 --> 00:21:11.240
<v Speaker 2>charges that a first court appearance set for next month

413
00:21:11.440 --> 00:21:13.799
<v Speaker 2>in Orange County Corbin Carson kf I.

414
00:21:13.839 --> 00:21:16.559
<v Speaker 1>News deliberations are set to resume this morning in LA

415
00:21:16.640 --> 00:21:19.559
<v Speaker 1>in the trial of former high profile lawyer Tom Girardi.

416
00:21:20.000 --> 00:21:23.960
<v Speaker 1>Prosecutors claim he ran a Ponzi scheme between twenty ten

417
00:21:24.119 --> 00:21:27.319
<v Speaker 1>and twenty twenty and stole about fifteen million dollars in

418
00:21:27.359 --> 00:21:31.440
<v Speaker 1>settlement money from his clients. Prosecutors accused Girardi of using

419
00:21:31.480 --> 00:21:34.720
<v Speaker 1>the money to buy private jets, golf club memberships, and jewelry,

420
00:21:34.799 --> 00:21:37.920
<v Speaker 1>then lying about it. Defense lawyers claim it was the

421
00:21:37.960 --> 00:21:40.640
<v Speaker 1>other people at Girardi's law firm who stole the money.

422
00:21:41.000 --> 00:21:44.119
<v Speaker 1>The law firm closed in twenty twenty. Girardi was disbarred

423
00:21:44.160 --> 00:21:47.440
<v Speaker 1>in twenty twenty two. A federal judge in Texas has

424
00:21:47.480 --> 00:21:51.400
<v Speaker 1>temporarily stopped the Biden Administration's new protections that would allow

425
00:21:51.519 --> 00:21:55.319
<v Speaker 1>a path to citizenship for the immigrant spouses of US citizens.

426
00:21:55.640 --> 00:21:59.359
<v Speaker 1>President Biden announced the program in June. Sixteen states led

427
00:21:59.400 --> 00:22:03.200
<v Speaker 1>by Republicans Attorneys General challenged the program in a lawsuit

428
00:22:03.200 --> 00:22:07.599
<v Speaker 1>filed last week. The state accused the administration of bypassing

429
00:22:07.640 --> 00:22:12.319
<v Speaker 1>Congress for blatant political purposes. Mariah Carey has announced the

430
00:22:12.319 --> 00:22:15.880
<v Speaker 1>deaths of her mother and her sister. Gary first said

431
00:22:15.960 --> 00:22:19.079
<v Speaker 1>yesterday that her heart was broken because her mom had died,

432
00:22:19.119 --> 00:22:21.920
<v Speaker 1>and then said her sister also died the same day.

433
00:22:22.119 --> 00:22:24.680
<v Speaker 1>She didn't give any details on the cause, but did

434
00:22:24.720 --> 00:22:29.119
<v Speaker 1>ask for privacy. Travelers are still facing delays and cancelations

435
00:22:29.160 --> 00:22:32.839
<v Speaker 1>at SeaTac Airport because of a cyber attack. The airport's

436
00:22:32.880 --> 00:22:35.680
<v Speaker 1>networks were shut down on Saturday when hackers were found

437
00:22:35.680 --> 00:22:38.279
<v Speaker 1>in the systems. Wi Fi has been turned off. The

438
00:22:38.319 --> 00:22:41.799
<v Speaker 1>luggage handling system is down and that's causing delays getting

439
00:22:41.839 --> 00:22:45.640
<v Speaker 1>bags onto the planes. It's unknown when systems will be

440
00:22:45.720 --> 00:22:49.400
<v Speaker 1>up and running again. The lapds asking free help in

441
00:22:49.440 --> 00:22:52.119
<v Speaker 1>finding a newborn baby, her fourteen year old mother and

442
00:22:52.119 --> 00:22:54.359
<v Speaker 1>fifteen year old sister in law. Officials say the three

443
00:22:54.400 --> 00:22:56.720
<v Speaker 1>may be headed to the High Desert. The baby has

444
00:22:56.759 --> 00:23:00.920
<v Speaker 1>a heart condition and needs daily medication. Amoria and Sinai

445
00:23:00.920 --> 00:23:04.519
<v Speaker 1>Brown and the baby o Maria were last seen Sunday night.

446
00:23:05.119 --> 00:23:08.039
<v Speaker 1>Republican vice presidential candidate jd Vance is going to be

447
00:23:08.039 --> 00:23:10.880
<v Speaker 1>in La next week for a fundraising reception. Tickets range

448
00:23:10.880 --> 00:23:13.920
<v Speaker 1>from thirty three hundred dollars per person to fifty thousand

449
00:23:14.000 --> 00:23:16.640
<v Speaker 1>for a couple. Before La, Vans will be speaking at

450
00:23:16.680 --> 00:23:19.799
<v Speaker 1>a luncheon fundraiser in Rerancho Santa Fe in San Diego

451
00:23:19.880 --> 00:23:23.279
<v Speaker 1>County on September sixth. Magic Mountain's going to start requiring

452
00:23:23.319 --> 00:23:26.319
<v Speaker 1>anyone fifteen or under to have an adult chaperone to

453
00:23:26.319 --> 00:23:29.160
<v Speaker 1>get into the park. It starts next week. Park officials

454
00:23:29.200 --> 00:23:32.119
<v Speaker 1>say the chaperone policy will remain in place through the

455
00:23:32.160 --> 00:23:36.720
<v Speaker 1>fright Fest extreme Halloween event because of recent increases in

456
00:23:36.920 --> 00:23:40.880
<v Speaker 1>unruly and inappropriate behavior. At six oh five, it's handle

457
00:23:40.920 --> 00:23:44.480
<v Speaker 1>on the news, California lawmakers have passed the first in

458
00:23:44.640 --> 00:23:49.720
<v Speaker 1>the nation legislation that requires public universities to hire illegal

459
00:23:49.759 --> 00:23:52.400
<v Speaker 1>immigrants even if they don't have permits to work in

460
00:23:52.440 --> 00:23:54.640
<v Speaker 1>the US. At five poin fifty, We're going to learn

461
00:23:54.680 --> 00:23:56.640
<v Speaker 1>how to money with Joel Larsgard. We're talking about those

462
00:23:56.720 --> 00:24:00.119
<v Speaker 1>nasty little ATM fees which are getting bigger and the

463
00:24:00.160 --> 00:24:02.839
<v Speaker 1>best way to make your money grow now. The way

464
00:24:02.880 --> 00:24:06.279
<v Speaker 1>that you pay your real estate agents has changed in

465
00:24:06.279 --> 00:24:10.119
<v Speaker 1>California and it's confusing. So to help us sort it

466
00:24:10.160 --> 00:24:13.039
<v Speaker 1>all out, let's say good morning to real estate agent

467
00:24:13.160 --> 00:24:17.279
<v Speaker 1>and former technical producer for the Bill Handle Show, Justin Warsham. So, Justin,

468
00:24:17.319 --> 00:24:19.559
<v Speaker 1>this is a total treat for me because very few

469
00:24:19.559 --> 00:24:21.759
<v Speaker 1>people actually get up and come into the studio at

470
00:24:21.799 --> 00:24:24.039
<v Speaker 1>five o'clock in the morning. So thanks for making the time.

471
00:24:24.079 --> 00:24:27.920
<v Speaker 1>And oh, Harry, So this is the reason that we

472
00:24:28.039 --> 00:24:30.359
<v Speaker 1>had to talk to Justin. As you may or may

473
00:24:30.400 --> 00:24:34.119
<v Speaker 1>not have heard, we've just kind of gone through a

474
00:24:34.160 --> 00:24:38.279
<v Speaker 1>metamorphosis and changed the way that houses are bought and sold.

475
00:24:38.079 --> 00:24:39.200
<v Speaker 9>At least in California.

476
00:24:39.359 --> 00:24:41.200
<v Speaker 11>I want to be clear that a lot of people

477
00:24:41.240 --> 00:24:42.559
<v Speaker 11>come to me and say, well, now with these new

478
00:24:42.599 --> 00:24:45.000
<v Speaker 11>law changes, nothing has changed in the law.

479
00:24:45.119 --> 00:24:45.359
<v Speaker 1>Okay.

480
00:24:45.559 --> 00:24:46.079
<v Speaker 9>All that has.

481
00:24:46.039 --> 00:24:48.559
<v Speaker 11>Changed is the policy in which they have taken the

482
00:24:48.599 --> 00:24:51.359
<v Speaker 11>cooperation element out of the multiple listing service.

483
00:24:51.880 --> 00:24:53.559
<v Speaker 1>Wait, now, you got to back up. Does that even mean?

484
00:24:53.920 --> 00:24:56.400
<v Speaker 11>Multiplistic service is what a realtor uses to put your

485
00:24:56.400 --> 00:24:58.400
<v Speaker 11>house on the market to be seen by other realtors.

486
00:24:58.440 --> 00:24:59.880
<v Speaker 1>Right, So that's where all the pictures are with all

487
00:25:00.039 --> 00:25:01.000
<v Speaker 1>descriptions of the houses.

488
00:25:01.160 --> 00:25:01.440
<v Speaker 9>Correct.

489
00:25:01.519 --> 00:25:03.920
<v Speaker 11>Okay, So there was an element of that called cooperation

490
00:25:03.960 --> 00:25:05.960
<v Speaker 11>where if you were a member of an MLS or

491
00:25:06.079 --> 00:25:09.039
<v Speaker 11>multiple listing service, there was an implied commission that as

492
00:25:09.079 --> 00:25:11.599
<v Speaker 11>a buyer's agent you would get that has been taken

493
00:25:11.640 --> 00:25:15.400
<v Speaker 11>away due to the settlement that happened with NAR.

494
00:25:15.519 --> 00:25:18.599
<v Speaker 1>Okay, So this is not a law. This is a

495
00:25:18.799 --> 00:25:23.039
<v Speaker 1>legal issue, and because of the settlement, you guys have

496
00:25:23.079 --> 00:25:25.880
<v Speaker 1>to change the way that you do commissions, correct, Okay,

497
00:25:26.240 --> 00:25:29.559
<v Speaker 1>So now we have that basis. Okay, So what changes

498
00:25:29.599 --> 00:25:32.559
<v Speaker 1>Because it used to be a certain percentage, Like yeah.

499
00:25:32.319 --> 00:25:33.920
<v Speaker 11>I would go, so I'm going to sell your house

500
00:25:33.960 --> 00:25:36.000
<v Speaker 11>for Yamy King, and I would come to you and say,

501
00:25:36.039 --> 00:25:38.839
<v Speaker 11>on average in southern California, I charged five to six

502
00:25:38.920 --> 00:25:41.359
<v Speaker 11>percent commission, and I would take a part of that

503
00:25:41.440 --> 00:25:44.000
<v Speaker 11>five or six percent commission and I would give it

504
00:25:44.000 --> 00:25:46.359
<v Speaker 11>to a buyer's agent. So technically you were paying me

505
00:25:47.119 --> 00:25:50.920
<v Speaker 11>and I was paying the buyer's agent, not you technically

506
00:25:50.920 --> 00:25:51.920
<v Speaker 11>paying the buyer's agent.

507
00:25:52.000 --> 00:25:54.119
<v Speaker 1>Gotcha. Okay. So now what's different.

508
00:25:54.039 --> 00:25:55.920
<v Speaker 11>Now is I can only talk to you about what

509
00:25:55.960 --> 00:25:58.359
<v Speaker 11>you're going to pay me. And I cannot put on

510
00:25:58.400 --> 00:26:02.839
<v Speaker 11>the MLS any implied their concessions instead of commissions. But

511
00:26:02.960 --> 00:26:05.039
<v Speaker 11>I can't put on the internet that there is an

512
00:26:05.079 --> 00:26:08.079
<v Speaker 11>implied amount that you as the seller are willing to pay.

513
00:26:08.119 --> 00:26:10.440
<v Speaker 11>A buyer's agent, I can have a verbal conversation with you,

514
00:26:10.559 --> 00:26:12.759
<v Speaker 11>and as a buyer's agent, if I submitted an offer,

515
00:26:13.039 --> 00:26:14.880
<v Speaker 11>I put in there that I would like to get

516
00:26:14.920 --> 00:26:17.000
<v Speaker 11>from the seller two and a half percent of the

517
00:26:17.000 --> 00:26:17.759
<v Speaker 11>purchase price.

518
00:26:18.039 --> 00:26:21.160
<v Speaker 1>Oh my god, so confusing. Okay, So if I am

519
00:26:21.200 --> 00:26:25.279
<v Speaker 1>the seller, yeap. Let me see. If I'm the seller,

520
00:26:26.039 --> 00:26:28.119
<v Speaker 1>I agree to pay you the old way. I agree

521
00:26:28.119 --> 00:26:30.279
<v Speaker 1>to pay you five to six percent, correct, and then

522
00:26:30.359 --> 00:26:31.519
<v Speaker 1>you split the commission.

523
00:26:31.880 --> 00:26:34.759
<v Speaker 11>Yeah, let's use the most common I would say, I'm

524
00:26:34.759 --> 00:26:37.000
<v Speaker 11>going to charge five percent, two and a half percent

525
00:26:37.039 --> 00:26:38.720
<v Speaker 11>goes to me, two and a half percent goes to

526
00:26:38.759 --> 00:26:41.759
<v Speaker 11>the buyer's agent, and on the listing agreement, we would

527
00:26:41.799 --> 00:26:43.240
<v Speaker 11>disclose that information to you.

528
00:26:43.440 --> 00:26:47.240
<v Speaker 1>Okay, So now I get to negotiate how much I

529
00:26:47.319 --> 00:26:47.680
<v Speaker 1>want to pay.

530
00:26:47.720 --> 00:26:50.599
<v Speaker 11>You always could negotiate. That's another misnomer that everybody did.

531
00:26:50.599 --> 00:26:53.000
<v Speaker 11>That everybody, And that's part of the reason why the

532
00:26:53.039 --> 00:26:56.400
<v Speaker 11>DOJ brought all this up is that the public felt misinformed.

533
00:26:57.359 --> 00:26:59.759
<v Speaker 11>And so you could always negotiate your commission for your

534
00:27:00.039 --> 00:27:03.039
<v Speaker 11>agent as a listing agent, you could always negotiate your commission.

535
00:27:03.279 --> 00:27:04.240
<v Speaker 9>As a buyer's agent.

536
00:27:04.279 --> 00:27:06.720
<v Speaker 11>It's just a little bit more difficult when you're asking

537
00:27:06.759 --> 00:27:09.880
<v Speaker 11>for a commission reduction as a buyer's agent, because technically

538
00:27:09.920 --> 00:27:12.039
<v Speaker 11>you would be saving the seller money. Like this just

539
00:27:12.079 --> 00:27:14.400
<v Speaker 11>came up with me on a transaction, I'm doing okay.

540
00:27:14.559 --> 00:27:18.920
<v Speaker 1>So now if I'm buying as the buyer, I have

541
00:27:19.000 --> 00:27:21.599
<v Speaker 1>to pay my agent correct and as the seller, I

542
00:27:21.680 --> 00:27:25.079
<v Speaker 1>pay my agent. So as the seller, I'm not paying

543
00:27:25.119 --> 00:27:26.880
<v Speaker 1>my agent and the buyer's.

544
00:27:26.559 --> 00:27:29.039
<v Speaker 9>Agent not anymore technically and less.

545
00:27:28.759 --> 00:27:30.400
<v Speaker 1>Well, how am I going to get the money if

546
00:27:30.440 --> 00:27:33.000
<v Speaker 1>I'm buying a house to pay an agent?

547
00:27:33.119 --> 00:27:35.119
<v Speaker 11>And that is the problem that realtors have with all

548
00:27:35.160 --> 00:27:37.279
<v Speaker 11>of this is that this was all forced down our

549
00:27:37.319 --> 00:27:41.079
<v Speaker 11>throat without anybody taking the time to allow lending guidelines

550
00:27:41.440 --> 00:27:43.799
<v Speaker 11>to allow a buyer to pay their agent out of

551
00:27:43.839 --> 00:27:44.240
<v Speaker 11>their loan.

552
00:27:44.359 --> 00:27:45.640
<v Speaker 9>So realistically, what's.

553
00:27:45.480 --> 00:27:48.000
<v Speaker 11>Happening behind the scenes for the most part is that

554
00:27:48.039 --> 00:27:50.319
<v Speaker 11>the system is working exactly the way it used to,

555
00:27:50.759 --> 00:27:53.319
<v Speaker 11>only there's just a lot more conversation about a buyer's

556
00:27:53.359 --> 00:27:56.559
<v Speaker 11>agent commission before it was predetermined the minute I took

557
00:27:56.599 --> 00:27:58.680
<v Speaker 11>the listing. We know a buyer's agent is getting two

558
00:27:58.680 --> 00:28:02.039
<v Speaker 11>and a half percent when your house goes on the market. Now,

559
00:28:02.079 --> 00:28:04.839
<v Speaker 11>when an agent submits to me, they can call and say, hey,

560
00:28:04.880 --> 00:28:07.920
<v Speaker 11>is the seller willing to pay any concession? And I

561
00:28:07.960 --> 00:28:10.480
<v Speaker 11>could say, I talk to my seller and I'm they're

562
00:28:10.680 --> 00:28:12.680
<v Speaker 11>willing to pay two percent, two and a half percent,

563
00:28:12.720 --> 00:28:14.400
<v Speaker 11>one and a half percent, whatever it is that they

564
00:28:14.400 --> 00:28:16.720
<v Speaker 11>are willing to pay. So now, as a buyer's agent,

565
00:28:16.759 --> 00:28:19.319
<v Speaker 11>I put that in the deal. And then you also

566
00:28:19.400 --> 00:28:21.240
<v Speaker 11>have to show in this document this is what I'm

567
00:28:21.279 --> 00:28:23.319
<v Speaker 11>expecting the seller to pay. And then you also have

568
00:28:23.359 --> 00:28:25.880
<v Speaker 11>to provide proof that you have a buyer representation agreement.

569
00:28:25.920 --> 00:28:28.079
<v Speaker 1>Now, okay, so this is a mess. So here's my

570
00:28:28.160 --> 00:28:31.200
<v Speaker 1>takeaway from this. Justin you got to get yourself a

571
00:28:31.279 --> 00:28:34.440
<v Speaker 1>good agent so they can explain this to you and

572
00:28:34.480 --> 00:28:38.319
<v Speaker 1>then pay attention because one, as a buyer or a seller,

573
00:28:38.920 --> 00:28:42.559
<v Speaker 1>you have the power to negotiate that rate. Always always

574
00:28:42.680 --> 00:28:43.359
<v Speaker 1>didn't know that.

575
00:28:43.519 --> 00:28:45.640
<v Speaker 11>And my advice when you're looking for an agent, have

576
00:28:45.640 --> 00:28:47.920
<v Speaker 11>this conversation with your agent, and if you feel like

577
00:28:47.960 --> 00:28:50.680
<v Speaker 11>your agent can't break this down for you, then find

578
00:28:50.680 --> 00:28:52.759
<v Speaker 11>another agent. Most of the time people go with the

579
00:28:52.759 --> 00:28:54.920
<v Speaker 11>first agent that either they know or they're referred to,

580
00:28:55.480 --> 00:28:57.839
<v Speaker 11>but they should be talking to two to three agents.

581
00:28:57.839 --> 00:28:59.359
<v Speaker 9>And it's really about that vibe.

582
00:28:59.440 --> 00:29:01.319
<v Speaker 11>You want to feel like that person is looking out

583
00:29:01.319 --> 00:29:03.559
<v Speaker 11>for your best interest above their own, and they could

584
00:29:03.559 --> 00:29:06.359
<v Speaker 11>properly articulate to you and are willing to articulate to

585
00:29:06.400 --> 00:29:08.680
<v Speaker 11>you any of your questions or confusions or deal with

586
00:29:08.680 --> 00:29:09.599
<v Speaker 11>any of your concerns.

587
00:29:09.759 --> 00:29:12.279
<v Speaker 1>Yeah, and for me that's important because I got a

588
00:29:12.279 --> 00:29:12.519
<v Speaker 1>lot of.

589
00:29:12.720 --> 00:29:15.640
<v Speaker 11>Questions anxious clients at my wheelhouse man, that's my spot.

590
00:29:16.519 --> 00:29:18.839
<v Speaker 1>Justin Worsham, thank you so much. This is so helpful.

591
00:29:18.880 --> 00:29:21.119
<v Speaker 1>At least I have a rudimentary understanding of it now

592
00:29:21.119 --> 00:29:24.000
<v Speaker 1>and again, talk to your buyers or seller's agent.

593
00:29:24.279 --> 00:29:26.000
<v Speaker 9>Always a big fan of you, Amy King, always a

594
00:29:26.000 --> 00:29:26.359
<v Speaker 9>big fan.

595
00:29:26.400 --> 00:29:28.559
<v Speaker 1>Thanks, Justin, Thank you. We're going to put that up

596
00:29:29.039 --> 00:29:32.480
<v Speaker 1>also on the CAFI website, just because I think that

597
00:29:32.839 --> 00:29:37.279
<v Speaker 1>Justin gave us such great information and it is confusing,

598
00:29:37.440 --> 00:29:39.680
<v Speaker 1>like why not just keep it the way that it

599
00:29:39.799 --> 00:29:42.599
<v Speaker 1>was done? But then government gets involved. So again, the

600
00:29:42.720 --> 00:29:46.319
<v Speaker 1>law hasn't changed, but the rules changed because of a

601
00:29:46.440 --> 00:29:49.119
<v Speaker 1>legal settlement. So again, it's going to be up on

602
00:29:49.440 --> 00:29:52.519
<v Speaker 1>the wake Up Call page at KFIAM six forty dot com,

603
00:29:52.680 --> 00:29:54.599
<v Speaker 1>or you can go and re listen to the interview

604
00:29:54.640 --> 00:29:58.279
<v Speaker 1>anytime on the wake Up Call page on the iHeartRadio app.

605
00:30:00.200 --> 00:30:03.200
<v Speaker 1>The Dodgers are back in town. They're taking on the Orioles.

606
00:30:03.200 --> 00:30:06.599
<v Speaker 1>First pitch goes out tonight at Dodger Stadium at seven ten.

607
00:30:06.920 --> 00:30:09.480
<v Speaker 1>You can listen to every play of every Dodgers game

608
00:30:09.559 --> 00:30:12.119
<v Speaker 1>on AM five to seventy LA Sports and stream all

609
00:30:12.160 --> 00:30:15.279
<v Speaker 1>the games in HD on the iHeartRadio app. Keyword is

610
00:30:15.359 --> 00:30:18.440
<v Speaker 1>AM five seventy LA Sports powered by LA Care for

611
00:30:18.559 --> 00:30:22.319
<v Speaker 1>All of LA. One of LA's most iconic restaurants, says

612
00:30:22.359 --> 00:30:25.200
<v Speaker 1>it'll close if the area around it isn't cleaned up.

613
00:30:25.480 --> 00:30:29.680
<v Speaker 1>The owner of Langer's Deli says crime, homelessness, and illegal

614
00:30:29.720 --> 00:30:32.279
<v Speaker 1>street vending has gotten out of control in MacArthur Park

615
00:30:32.319 --> 00:30:35.079
<v Speaker 1>and he's worried about his customer safety. Norm Langer says

616
00:30:35.079 --> 00:30:36.880
<v Speaker 1>if the city doesn't do something about it, he's going

617
00:30:36.960 --> 00:30:39.440
<v Speaker 1>to have to close. After seventy seven years in business.

618
00:30:39.920 --> 00:30:43.519
<v Speaker 1>Vice President Harrison former President Trump are bocking at debating.

619
00:30:43.599 --> 00:30:47.480
<v Speaker 1>Harris is now demanding microphones be left on during the debate.

620
00:30:48.319 --> 00:30:51.440
<v Speaker 1>Trump says the ground rules have already been agreed upon,

621
00:30:51.519 --> 00:30:53.920
<v Speaker 1>but then yesterday said he doesn't care to be okay

622
00:30:53.920 --> 00:30:56.839
<v Speaker 1>if both Mike's stayed on the debate is scheduled for

623
00:30:56.920 --> 00:31:00.400
<v Speaker 1>September tenth on ABC, The City of Orange will no

624
00:31:00.480 --> 00:31:04.359
<v Speaker 1>longer fund school crossing guards. Officials say by cutting fourteen

625
00:31:04.480 --> 00:31:07.039
<v Speaker 1>part time crossing guards from the payroll, the city's going

626
00:31:07.079 --> 00:31:08.880
<v Speaker 1>to save about four hundred and twenty five thousand dollars

627
00:31:08.920 --> 00:31:12.119
<v Speaker 1>a year. Orange has a nineteen million dollar budget deficit.

628
00:31:13.440 --> 00:31:17.000
<v Speaker 1>We're just minutes away from Handle on the news this morning,

629
00:31:17.359 --> 00:31:20.279
<v Speaker 1>and you know, ATM fees are at an all time high.

630
00:31:20.319 --> 00:31:22.720
<v Speaker 1>Handle's going to talk about that. But before Handle does it,

631
00:31:23.039 --> 00:31:26.200
<v Speaker 1>we're going to talk to Joel Larsgard about it. He's

632
00:31:26.240 --> 00:31:29.319
<v Speaker 1>the host of Powder Money on KFI. Good morning, Joel.

633
00:31:29.200 --> 00:31:29.599
<v Speaker 9>Good morning.

634
00:31:29.680 --> 00:31:30.799
<v Speaker 6>Let's beat Handle to the punch.

635
00:31:30.920 --> 00:31:34.359
<v Speaker 1>I know, right, okay, ATM fees, I just saw that

636
00:31:34.400 --> 00:31:38.759
<v Speaker 1>they were at record highs. Yeah, But first of all,

637
00:31:38.880 --> 00:31:41.480
<v Speaker 1>who gets charged atmfees? It used to be that if

638
00:31:41.519 --> 00:31:44.079
<v Speaker 1>you went to your bank, you didn't get fees. Is

639
00:31:44.119 --> 00:31:44.720
<v Speaker 1>that changed?

640
00:31:45.119 --> 00:31:47.400
<v Speaker 6>That's a lot of times that is true. So if

641
00:31:47.440 --> 00:31:49.720
<v Speaker 6>you're going to let's say you're with Bank of America,

642
00:31:49.799 --> 00:31:52.039
<v Speaker 6>you go to a Bank of America ATM, you're typically

643
00:31:52.039 --> 00:31:53.960
<v Speaker 6>not going to get charged some sort of ATM fees.

644
00:31:54.240 --> 00:31:56.799
<v Speaker 6>But there's you know, you're not always going to your

645
00:31:56.839 --> 00:31:58.880
<v Speaker 6>bank's ATM. When you're looking for cash, you're going to

646
00:31:58.880 --> 00:32:01.240
<v Speaker 6>the most convenient one. Let's say you're at a concert

647
00:32:01.240 --> 00:32:03.519
<v Speaker 6>and you need cash or something like that. You're out

648
00:32:03.519 --> 00:32:05.759
<v Speaker 6>and about, you just go to the one that's closest

649
00:32:05.799 --> 00:32:07.880
<v Speaker 6>to you. And in that case, you might be paying

650
00:32:08.000 --> 00:32:11.680
<v Speaker 6>ridiculous fees to access money. And if you're grabbing forty

651
00:32:11.720 --> 00:32:14.160
<v Speaker 6>bucks and the ATM fee is five bucks, like, think

652
00:32:14.200 --> 00:32:17.519
<v Speaker 6>about the interest rate is exorbitant essentially for you to

653
00:32:17.519 --> 00:32:18.400
<v Speaker 6>grab your own cash, and.

654
00:32:18.480 --> 00:32:22.920
<v Speaker 1>Especially if I do that, I'd pull out more money.

655
00:32:22.359 --> 00:32:25.400
<v Speaker 6>Right, which is I think an understandable reaction. Right, You're like, listen,

656
00:32:25.400 --> 00:32:27.400
<v Speaker 6>I'm just gonna pull even more than I need because

657
00:32:27.440 --> 00:32:31.279
<v Speaker 6>the fee is just expensive. And there are certain ways

658
00:32:31.319 --> 00:32:33.799
<v Speaker 6>around this. By the way, I feel like when it

659
00:32:33.839 --> 00:32:36.759
<v Speaker 6>comes to banking fees, we're kind of in Barbel territory here.

660
00:32:36.759 --> 00:32:39.039
<v Speaker 6>We're on one side of the equation. Some banks are

661
00:32:39.079 --> 00:32:42.160
<v Speaker 6>doubling down and they're increasing fees on everything under the sun,

662
00:32:42.480 --> 00:32:45.039
<v Speaker 6>and then other banks are saying, no, we're basically eliminating

663
00:32:45.079 --> 00:32:47.680
<v Speaker 6>all fees altogether. You never have to worry about this,

664
00:32:48.000 --> 00:32:50.799
<v Speaker 6>and so who you bank with makes a big difference

665
00:32:50.799 --> 00:32:54.359
<v Speaker 6>on this front. So, but on the ATM fees in particular,

666
00:32:54.400 --> 00:32:57.960
<v Speaker 6>there are ways to avoid this. There are some banks

667
00:32:58.440 --> 00:33:01.799
<v Speaker 6>that have networks essentially where hey, guess what, they're all

668
00:33:01.799 --> 00:33:04.440
<v Speaker 6>point ATMs or something like that. If you're with Capital

669
00:33:04.480 --> 00:33:07.319
<v Speaker 6>One and a lot of those. There are ATMs that

670
00:33:07.319 --> 00:33:10.359
<v Speaker 6>are at Targets and Walgreens, and then you don't get

671
00:33:10.440 --> 00:33:13.160
<v Speaker 6>charged any fee for accessing your money when you find

672
00:33:13.240 --> 00:33:15.960
<v Speaker 6>specifically an ATM that's within their network. And then there

673
00:33:15.960 --> 00:33:18.559
<v Speaker 6>are other banks that just say, hey, listen, worre they're

674
00:33:18.559 --> 00:33:21.400
<v Speaker 6>going to refund a portion of whatever ATM fees you

675
00:33:21.440 --> 00:33:24.400
<v Speaker 6>pay in a given month, or every single atmfee that

676
00:33:24.480 --> 00:33:25.200
<v Speaker 6>you ever incur.

677
00:33:25.359 --> 00:33:27.000
<v Speaker 9>Ever, like a Schwab, which.

678
00:33:26.839 --> 00:33:29.880
<v Speaker 6>Is an investment firm, they have a banking side, and

679
00:33:29.920 --> 00:33:32.079
<v Speaker 6>so if you are a habitual ATM user and you're

680
00:33:32.119 --> 00:33:34.839
<v Speaker 6>constantly paying ATM fees because you're getting money from an

681
00:33:34.880 --> 00:33:38.039
<v Speaker 6>ATM that's not in your bank's network, going with Schwab

682
00:33:38.079 --> 00:33:39.880
<v Speaker 6>would mean like, hey, they're going to forgive all of

683
00:33:39.920 --> 00:33:42.559
<v Speaker 6>those charges, like in perpetuity.

684
00:33:42.839 --> 00:33:45.480
<v Speaker 1>You mean retrospectively or moving forward.

685
00:33:45.759 --> 00:33:48.400
<v Speaker 6>Basically they always have. So if you let's say you

686
00:33:48.440 --> 00:33:51.920
<v Speaker 6>get ATM five ATM withdrawals this month and you're paying

687
00:33:51.920 --> 00:33:54.359
<v Speaker 6>the average now ATMFE which is like four dollars and

688
00:33:54.400 --> 00:33:57.559
<v Speaker 6>seventy seven cents apiece. You're getting all of those charges forgiven.

689
00:33:57.640 --> 00:33:59.720
<v Speaker 6>That's just one of the perks of being a Schwab customer.

690
00:34:00.359 --> 00:34:03.599
<v Speaker 1>Okay, so good idea to check and it's okay to ask, hey,

691
00:34:03.799 --> 00:34:05.640
<v Speaker 1>do you guys charge ATM fees?

692
00:34:05.960 --> 00:34:09.679
<v Speaker 6>Yep, yeah, exactly, and then just like looking for if

693
00:34:09.719 --> 00:34:12.440
<v Speaker 6>there is a robust network that's nice, like they like

694
00:34:12.480 --> 00:34:15.119
<v Speaker 6>I'm with Capital One and uh and I've always enjoyed

695
00:34:15.119 --> 00:34:17.039
<v Speaker 6>that where it's like, okay, cool. Maybe it's not the

696
00:34:17.079 --> 00:34:19.760
<v Speaker 6>ATM that's closest to me, but there's always one within

697
00:34:19.800 --> 00:34:20.559
<v Speaker 6>spitting distance.

698
00:34:21.599 --> 00:34:24.079
<v Speaker 1>It's sort of like the airlines when they share miles.

699
00:34:25.480 --> 00:34:25.719
<v Speaker 5>Yeah.

700
00:34:25.800 --> 00:34:27.920
<v Speaker 6>Yeah, it's got aspects of that for sure. It's like, yeah,

701
00:34:27.960 --> 00:34:30.079
<v Speaker 6>we're all going to kind of join up and have

702
00:34:30.159 --> 00:34:32.920
<v Speaker 6>this have this ATM network and you can use it,

703
00:34:33.119 --> 00:34:35.719
<v Speaker 6>you know, the ones that are that other banks are

704
00:34:35.800 --> 00:34:37.400
<v Speaker 6>using too, and there's overlap there.

705
00:34:37.760 --> 00:34:39.280
<v Speaker 9>So yeah, I don't know.

706
00:34:39.320 --> 00:34:41.039
<v Speaker 6>I don't know how often people are getting money from

707
00:34:41.039 --> 00:34:43.679
<v Speaker 6>ATM ATMs either, by the way, these days I have it.

708
00:34:43.800 --> 00:34:45.800
<v Speaker 6>I don't know the last time I grab money from

709
00:34:45.800 --> 00:34:46.719
<v Speaker 6>an atm.

710
00:34:46.519 --> 00:34:47.199
<v Speaker 9>And maybe that's all.

711
00:34:47.760 --> 00:34:49.519
<v Speaker 6>Yeah, so maybe that's also part of the reason that

712
00:34:49.519 --> 00:34:51.840
<v Speaker 6>that that the fees are going up and you just

713
00:34:51.880 --> 00:34:54.639
<v Speaker 6>have to be more careful because people are using them

714
00:34:54.719 --> 00:34:57.039
<v Speaker 6>less and less frequently, and because of that, they have

715
00:34:57.079 --> 00:34:59.280
<v Speaker 6>to make more profit every time you use them. So

716
00:34:59.480 --> 00:35:01.960
<v Speaker 6>just be tend to pay attention and be aware that

717
00:35:02.000 --> 00:35:03.920
<v Speaker 6>when you use those ATMs, it's going to cost more

718
00:35:03.920 --> 00:35:04.400
<v Speaker 6>of these days.

719
00:35:04.480 --> 00:35:06.760
<v Speaker 1>Okay, So that leads me to my next question, Joel,

720
00:35:06.840 --> 00:35:10.360
<v Speaker 1>and that is that people aren't using ATMs, but where

721
00:35:10.360 --> 00:35:12.360
<v Speaker 1>are they getting cash? And one of the places where

722
00:35:12.360 --> 00:35:14.000
<v Speaker 1>I get cash a lot of times is it the

723
00:35:14.000 --> 00:35:19.159
<v Speaker 1>grocery store. Yeah, and I have noticed grocery store chain

724
00:35:19.320 --> 00:35:23.480
<v Speaker 1>to remain unnamed Ralph's started charging.

725
00:35:24.079 --> 00:35:27.519
<v Speaker 6>Oh really to get cash back at the at the register. Really, yeah,

726
00:35:27.719 --> 00:35:29.920
<v Speaker 6>because that's usually that is one way to avoid it

727
00:35:29.960 --> 00:35:32.079
<v Speaker 6>that people do that is they'll go in, they'll buy

728
00:35:32.119 --> 00:35:34.920
<v Speaker 6>a pack of gum because you can actually use the

729
00:35:34.920 --> 00:35:36.639
<v Speaker 6>gum and the gums at buck fifty or something like that,

730
00:35:36.679 --> 00:35:38.280
<v Speaker 6>and then you get your twenty bucks back because you

731
00:35:38.320 --> 00:35:40.320
<v Speaker 6>need the cash. And that was typically a way to

732
00:35:40.360 --> 00:35:43.480
<v Speaker 6>avoid ATMPs too. Oh, that's fascinating. The grocery stores are

733
00:35:43.519 --> 00:35:45.440
<v Speaker 6>starting to switch that up on people too.

734
00:35:45.679 --> 00:35:48.559
<v Speaker 1>Yeah. And then like at convenience stores, if you go

735
00:35:48.639 --> 00:35:51.159
<v Speaker 1>buy something and you use a card, they charge you

736
00:35:51.199 --> 00:35:53.920
<v Speaker 1>like a seventy five cent or a dollar fifty feet,

737
00:35:54.039 --> 00:35:56.119
<v Speaker 1>so you got to watch for it. They haven't posted usually,

738
00:35:56.840 --> 00:35:59.280
<v Speaker 1>but at convenience stores, I've seen it coming up too well.

739
00:35:59.320 --> 00:36:02.199
<v Speaker 6>And often with the convenience stores, there's a minimum threshold

740
00:36:02.199 --> 00:36:04.000
<v Speaker 6>of what they want you to spend to be able

741
00:36:04.000 --> 00:36:06.199
<v Speaker 6>to avoid that fee, right, And so what they're trying

742
00:36:06.239 --> 00:36:09.239
<v Speaker 6>to do is is they get charged fees for every

743
00:36:09.239 --> 00:36:13.199
<v Speaker 6>time there's a swipe when you're buying something, and they're saying, okay, cool,

744
00:36:13.239 --> 00:36:16.199
<v Speaker 6>because we have to pay this ridiculous fee to be

745
00:36:16.320 --> 00:36:19.559
<v Speaker 6>said MasterCard, You've got to buy something that's minimum ten

746
00:36:19.639 --> 00:36:21.199
<v Speaker 6>or fifteen bucks or something for you to be able

747
00:36:21.239 --> 00:36:23.719
<v Speaker 6>to use your credit card than otherwise we want you

748
00:36:23.760 --> 00:36:24.320
<v Speaker 6>to use cash.

749
00:36:24.599 --> 00:36:28.840
<v Speaker 1>Yeah, okay. Then, speaking of cash and making more of it,

750
00:36:29.920 --> 00:36:33.480
<v Speaker 1>should you abandon your high yield savings account for a CD?

751
00:36:33.559 --> 00:36:34.840
<v Speaker 1>Bloomberg says you should?

752
00:36:35.800 --> 00:36:38.079
<v Speaker 6>Yeah, So that's interesting. When you read the headline, you're like,

753
00:36:38.079 --> 00:36:39.760
<v Speaker 6>wait a second, why am I supposed to abandon my

754
00:36:39.840 --> 00:36:40.800
<v Speaker 6>high held savings account?

755
00:36:40.880 --> 00:36:40.960
<v Speaker 3>Right?

756
00:36:41.039 --> 00:36:43.239
<v Speaker 6>Is rates are just getting good, Like for the first

757
00:36:43.239 --> 00:36:45.199
<v Speaker 6>time in a long time. Over the past couple of years,

758
00:36:45.440 --> 00:36:49.599
<v Speaker 6>we've seen sabers actually rewarded for having money stashed away,

759
00:36:49.679 --> 00:36:52.239
<v Speaker 6>whereas for so many years the high interest rate was

760
00:36:52.239 --> 00:36:54.880
<v Speaker 6>like half a percent, right, And the sad thing is

761
00:36:54.880 --> 00:36:57.360
<v Speaker 6>with the big banks the rates are still trash. But

762
00:36:58.000 --> 00:37:01.280
<v Speaker 6>Bloomberg is making a reasonable prediction here, and one of

763
00:37:01.320 --> 00:37:03.519
<v Speaker 6>the things that they're trying to get across to people

764
00:37:03.639 --> 00:37:06.079
<v Speaker 6>is that as the FED is basically saying, hey, rates

765
00:37:06.079 --> 00:37:07.960
<v Speaker 6>are likely to go down, We're likely to cut rates

766
00:37:08.000 --> 00:37:11.920
<v Speaker 6>in the near future, that rates for CDs and for

767
00:37:12.000 --> 00:37:13.239
<v Speaker 6>savers are likely.

768
00:37:13.079 --> 00:37:14.280
<v Speaker 9>To go down.

769
00:37:14.440 --> 00:37:16.760
<v Speaker 6>And that does mean and actually we've already seen that

770
00:37:16.800 --> 00:37:19.719
<v Speaker 6>on the CD front. Because of even just that projection

771
00:37:19.800 --> 00:37:21.639
<v Speaker 6>of rates going down, banks and started to lower what

772
00:37:21.679 --> 00:37:24.440
<v Speaker 6>they're paying on CDs. And so, should you lock your

773
00:37:24.519 --> 00:37:28.400
<v Speaker 6>money in to basically have a higher rate promise to

774
00:37:28.440 --> 00:37:31.119
<v Speaker 6>you for six or twelve or eighteen months. The answer

775
00:37:31.199 --> 00:37:34.360
<v Speaker 6>is maybe right, because lots of times what happens with

776
00:37:34.440 --> 00:37:37.920
<v Speaker 6>savings is you want it liquid, like this is emergency fund.

777
00:37:38.000 --> 00:37:39.599
<v Speaker 6>This is for hey, if I lose my job or

778
00:37:39.599 --> 00:37:43.000
<v Speaker 6>if something happens to my vehicle, I need this cash.

779
00:37:43.119 --> 00:37:46.599
<v Speaker 6>And when you put money into a CD, you're locking

780
00:37:46.679 --> 00:37:50.239
<v Speaker 6>it away and you're basically preventing yourself from having access

781
00:37:50.280 --> 00:37:52.599
<v Speaker 6>to that cash. And so you have to realize, Okay,

782
00:37:52.679 --> 00:37:55.119
<v Speaker 6>is this medium term money or is this potentially short

783
00:37:55.199 --> 00:37:56.840
<v Speaker 6>term money? And if it's short term money, it needs

784
00:37:56.840 --> 00:38:01.039
<v Speaker 6>to stay in liquid savings even though might drop on

785
00:38:01.079 --> 00:38:02.599
<v Speaker 6>your savings account in the coming months.

786
00:38:02.679 --> 00:38:05.559
<v Speaker 1>Okay, the question for you about the CD. You don't

787
00:38:05.599 --> 00:38:07.639
<v Speaker 1>lose your money and you don't get penalized if you

788
00:38:07.639 --> 00:38:09.400
<v Speaker 1>pull it out of the CD early, right, You just

789
00:38:09.400 --> 00:38:11.000
<v Speaker 1>don't get the interest that you got.

790
00:38:11.400 --> 00:38:14.199
<v Speaker 6>No, typically there is a penalty. Oh the interest you

791
00:38:14.199 --> 00:38:15.880
<v Speaker 6>lose some of the interests to you've accrued. That's what

792
00:38:15.960 --> 00:38:19.039
<v Speaker 6>they're that's the stick in order to keep you in

793
00:38:19.079 --> 00:38:22.199
<v Speaker 6>that CD that you've agreed to. There are really cool

794
00:38:22.840 --> 00:38:25.519
<v Speaker 6>I was actually just talking with Cono about this, Like

795
00:38:25.639 --> 00:38:28.519
<v Speaker 6>Ally has something called a no penalty CD. The rate

796
00:38:28.559 --> 00:38:31.400
<v Speaker 6>on the no penalty CD right now is four percent.

797
00:38:31.480 --> 00:38:34.119
<v Speaker 6>The rate on their savings account is four point two percent.

798
00:38:34.360 --> 00:38:37.280
<v Speaker 6>So why would you take their CD which pays less

799
00:38:37.800 --> 00:38:39.960
<v Speaker 6>than you would then instead of just a traditional savings

800
00:38:40.000 --> 00:38:42.079
<v Speaker 6>account that they have the high end savings account. Well,

801
00:38:42.079 --> 00:38:44.320
<v Speaker 6>The reason you would pick the CD is because you're

802
00:38:44.360 --> 00:38:47.719
<v Speaker 6>assuming that that savings rate is going to be lower

803
00:38:48.159 --> 00:38:50.639
<v Speaker 6>a couple months from now, six months from now, and

804
00:38:50.679 --> 00:38:52.760
<v Speaker 6>so you're banking on Hey, I want to I want

805
00:38:52.760 --> 00:38:55.400
<v Speaker 6>the guaranteed four percent. And the cool thing about the

806
00:38:55.440 --> 00:38:58.400
<v Speaker 6>no penalty CD they offer is that you can take

807
00:38:58.440 --> 00:39:02.159
<v Speaker 6>your money out that one time I'm like, without paying

808
00:39:02.199 --> 00:39:05.800
<v Speaker 6>any sort of interest back to the bank. So it's

809
00:39:05.840 --> 00:39:07.880
<v Speaker 6>not many banks offer that, but Ally is one of

810
00:39:07.880 --> 00:39:09.679
<v Speaker 6>those that has a no penalty CD, which is kind

811
00:39:09.679 --> 00:39:10.360
<v Speaker 6>of a cool product.

812
00:39:10.440 --> 00:39:12.679
<v Speaker 1>Good to know. Okay, so before we run out of time,

813
00:39:12.800 --> 00:39:14.960
<v Speaker 1>just if you're nervous about this and you want to

814
00:39:15.079 --> 00:39:17.320
<v Speaker 1>give it, I mean, if you've got I don't know,

815
00:39:17.599 --> 00:39:20.320
<v Speaker 1>twenty thousand dollars sitting there are forty thousand dollars, can

816
00:39:20.360 --> 00:39:22.440
<v Speaker 1>you do like a portion of it and say I'm

817
00:39:22.480 --> 00:39:24.000
<v Speaker 1>going to try a CD, but not put all of

818
00:39:24.000 --> 00:39:24.840
<v Speaker 1>it in a CD.

819
00:39:24.800 --> 00:39:25.480
<v Speaker 9>One hundred percent?

820
00:39:25.559 --> 00:39:27.400
<v Speaker 6>Yeah, you can definitely take a both and approach. And

821
00:39:27.440 --> 00:39:29.840
<v Speaker 6>the other thing people are doing as well is something

822
00:39:29.880 --> 00:39:33.159
<v Speaker 6>called CD laddering. So let's say you need money six

823
00:39:33.239 --> 00:39:35.159
<v Speaker 6>months from now, twelve months from now, eighteen months from now.

824
00:39:35.159 --> 00:39:37.440
<v Speaker 6>You can put and you've got thirty grand that you're like,

825
00:39:37.519 --> 00:39:39.639
<v Speaker 6>this is more medium to long term sort of money

826
00:39:39.840 --> 00:39:42.199
<v Speaker 6>that I don't necessarily want invested. But you can open

827
00:39:42.280 --> 00:39:43.840
<v Speaker 6>up a six month CD, a twelve month CD, in

828
00:39:43.880 --> 00:39:46.159
<v Speaker 6>an eighteen month CD and put you know, equal portions

829
00:39:46.159 --> 00:39:47.800
<v Speaker 6>into each one. There are all sorts of ways to

830
00:39:47.880 --> 00:39:50.800
<v Speaker 6>use CDs to your benefit. But it is likely true

831
00:39:50.880 --> 00:39:53.000
<v Speaker 6>that you know you're getting a locked in better rate,

832
00:39:53.360 --> 00:39:56.199
<v Speaker 6>even though it's I would say, take you know, future

833
00:39:56.280 --> 00:39:58.360
<v Speaker 6>rate cut predictions with a grain of salt. There were

834
00:39:58.360 --> 00:40:00.960
<v Speaker 6>a lot of predictions, you know, twelve months ago. Those

835
00:40:01.000 --> 00:40:03.840
<v Speaker 6>haven't come the past because inflation was stickier. What happens

836
00:40:03.840 --> 00:40:06.679
<v Speaker 6>with ray cuts is really anybody's guests. Even though it

837
00:40:06.719 --> 00:40:09.159
<v Speaker 6>certainly looks like we're headed in a specific direction.

838
00:40:09.519 --> 00:40:12.440
<v Speaker 1>It's supposed to be good news. There's always a downside

839
00:40:12.480 --> 00:40:13.039
<v Speaker 1>to everything.

840
00:40:13.440 --> 00:40:15.039
<v Speaker 9>Now we're interesting uncertainty.

841
00:40:15.360 --> 00:40:18.760
<v Speaker 1>Yeah, okay, Joe Larsgard, as always, thank you for helping

842
00:40:18.840 --> 00:40:21.400
<v Speaker 1>us make sense of our money, and you can get

843
00:40:21.440 --> 00:40:24.559
<v Speaker 1>a lot more great advice on your financial future with

844
00:40:25.159 --> 00:40:27.559
<v Speaker 1>the host of How to Money on KFI. The show

845
00:40:27.679 --> 00:40:30.079
<v Speaker 1>is noon to two on Sunday. It's Joel Larsgard. Thank

846
00:40:30.119 --> 00:40:30.639
<v Speaker 1>you so much.

847
00:40:30.920 --> 00:40:31.920
<v Speaker 6>Thanks Amy all right.

848
00:40:31.960 --> 00:40:37.000
<v Speaker 1>This is KFI and kosd HD two Los Angeles, Orange County,

849
00:40:37.360 --> 00:40:40.480
<v Speaker 1>live from the KFI twenty four hour Newsroom. I'm Amy King.

850
00:40:40.639 --> 00:40:42.440
<v Speaker 1>This has been your wake up Call, and if you

851
00:40:42.519 --> 00:40:45.360
<v Speaker 1>missed any wake up Call, you can listen anytime on

852
00:40:45.400 --> 00:40:48.280
<v Speaker 1>the iHeartRadio app. You've been listening to wake Up Call

853
00:40:48.360 --> 00:40:51.079
<v Speaker 1>with me, Amy King. You can always hear wake Up

854
00:40:51.119 --> 00:40:53.960
<v Speaker 1>Call five to six am Monday through Friday on KFI

855
00:40:54.159 --> 00:40:58.639
<v Speaker 1>AM six forty and anytime on demand on the iHeartRadio app.
