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<v Speaker 1>You're listening to KFI AM six forty wake Up Call

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<v Speaker 1>with me Amy King on demand on the iHeart.

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<v Speaker 2>Radio app, KFI and KOST HD two Los Angeles, Orange County.

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<v Speaker 2>It's time for your morning wake up call.

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<v Speaker 3>Here's Amy King.

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<v Speaker 1>It's five o'clock, straight up. This is your wake up

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<v Speaker 1>call for Thursday, November seventh. I'm Amy King. We're everywhere

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<v Speaker 1>on the iHeart Radio app, and whether you're listening on

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<v Speaker 1>the iHeartRadio app or on KFI AM six forty, we're

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<v Speaker 1>so happy to have you along. Another busy day, another

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<v Speaker 1>blustery day. You know where I live. I didn't get

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<v Speaker 1>to the really strong wins yesterday afternoon. I got them

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<v Speaker 1>over the weekend, but man, they're blowing hard and we

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<v Speaker 1>got more coming today. We've got more updates on election

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<v Speaker 1>results as they kind of trickle in. Of course, they're

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<v Speaker 1>still counting ballots. What's ahead as the country gets ready

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<v Speaker 1>for a new president, how the markets are reacting. We're

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<v Speaker 1>going to cover all of that, but here's what's ahead

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<v Speaker 1>on wake Up Call. A fast moving brush fire in

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<v Speaker 1>Ventura County has prompted evacuations and burned several homes as

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<v Speaker 1>many as fifty the fire fueled by strong Santa Ana wins,

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<v Speaker 1>started yesterday off the one to eighteen in More Park

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<v Speaker 1>quickly grew to more than fourteen thousand acres. Several people

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<v Speaker 1>have been injured and were taken to the hospitals. Santa

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<v Speaker 1>Ana wins are expected to blow at least through this

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<v Speaker 1>evening and in the Inland Empire until tomorrow morning. Backers

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<v Speaker 1>of La Counties Measure A that would replace a one

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<v Speaker 1>quarter cent sales tax with a permanent half cent sales

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<v Speaker 1>tax to pay for homelessness programs, have declared victory. As

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<v Speaker 1>of yesterday afternoon, Measure A was passing with almost fifty

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<v Speaker 1>six percent of the vote. That's a marchin of about

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<v Speaker 1>three hundred thousand votes. A million ballots are still left

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<v Speaker 1>to be counted in La County. Minnesota Governor Tim Walls

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<v Speaker 1>has thanked Vice President Harris for letting him be her

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<v Speaker 1>running mate. After Harris's concession speech yesterday. Walls says that

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<v Speaker 1>while the outcome is not what they wanted, he's grateful

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<v Speaker 1>to the millions of Americans who stood up for their

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<v Speaker 1>greatest ideals, decency, compassion, and love of their neighbor. So

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<v Speaker 1>Harris did do her concession speech yesterday at her alma mater.

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<v Speaker 1>Alma Mater? Did I say that right? I thought it

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<v Speaker 1>was really good. So we're going to actually play parts

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<v Speaker 1>of it for you in a minute. You know, I

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<v Speaker 1>mean tough pill to swallow when you think you might

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<v Speaker 1>be the next president and then find out it's not

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<v Speaker 1>going to happen. So I think she did a nice

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<v Speaker 1>job with that. Let's get started with some of the

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<v Speaker 1>stories coming out of the KFI twenty four hour newsroom.

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<v Speaker 1>A wind driven brush fire and Ventura County that has

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<v Speaker 1>destroyed dozens of homes has burned more than fourteen thousand

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<v Speaker 1>acres in less than twenty four hours. Ventura County Fire

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<v Speaker 1>Captain Trevor Johnson says the fire started yesterday in Moore

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<v Speaker 1>Park and burned into came Rio and Somas, where mandatory

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<v Speaker 1>evacuations were ordered.

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<v Speaker 4>Resources that arrived on seen and initially were faced with

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<v Speaker 4>a tough firefight. Cruise immediately went into structure protection, property conservation,

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<v Speaker 4>any type of suppression, and immediate life safety.

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<v Speaker 1>The fire was pushed by the strong Santa Anna Wins

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<v Speaker 1>authorities inventor account. He said several people were hurt and

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<v Speaker 1>taken to area hospitals. Schools in the area are closed

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<v Speaker 1>today and tomorrow. Some homeowners and camer rio did not

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<v Speaker 1>leave when they were told to.

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<v Speaker 5>Something told me they just wanted to wait until the

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<v Speaker 5>last minute. Others said they didn't really have any place

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<v Speaker 5>to go. But as I drove yesterday through the streets

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<v Speaker 5>of this upscale neighborhood along Alta sagoona court, I saw

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<v Speaker 5>people packing their cars and coordinating with each other.

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<v Speaker 6>Are you evacuating?

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<v Speaker 7>We have.

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<v Speaker 3>I just came to pick up a few things. Do

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<v Speaker 3>you have a place to go? Kill yet?

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<v Speaker 6>My son's place, that's Ray.

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<v Speaker 7>He says.

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<v Speaker 5>In the forty years he's lived here, he's never seen

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<v Speaker 5>anything like it. And like others I spoke with, Ray says,

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<v Speaker 5>the fire came up so fast they had no time

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<v Speaker 5>to initially pack anything in Camio.

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<v Speaker 3>Steve Gregory King.

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<v Speaker 1>If I knew ballots are still being to decide which

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<v Speaker 1>party we'll control the US House. Republicans have two hundred

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<v Speaker 1>six seats to the Democrat's one hundred and ninety one seats.

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<v Speaker 1>So far, two hundred and eighteen are needed for the majority.

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<v Speaker 1>More than three dozen races have yet to be called.

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<v Speaker 1>Republicans have won control of the Senate. President elect Trumps

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<v Speaker 1>spent the day after his election taking congratulatory phone calls

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<v Speaker 1>from world leaders and also from President Biden, who invited

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<v Speaker 1>Trump to a meeting in the Oval Office to prepare

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<v Speaker 1>for the transition of power. A Trump spokesman says the

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<v Speaker 1>President elect looks forward to the meeting. American Idol winner

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<v Speaker 1>and Coachella Valley native Abby Carter love Her is lighting

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<v Speaker 1>the forty five foot tree at this year's Palm Springs

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<v Speaker 1>Aerial Tramway tree Lighting ceremony. The tree has over four

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<v Speaker 1>thousand led lights. Carter will be joined by the Palm

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<v Speaker 1>Springs High School Choir and String Quartet, which will be

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<v Speaker 1>playing uh holiday music at the event. Last next month.

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<v Speaker 1>Next month, still still early November, not quite tree lighting

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<v Speaker 1>time yet. Yesterday, Vice President Harris gave her concession speech

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<v Speaker 1>after losing the election. On Tuesday, she was at her

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<v Speaker 1>alma mater at Howard University, and as I mentioned, I

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<v Speaker 1>think this has got to be a really tough time, right,

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<v Speaker 1>Like you see how excited some people are, how devastated

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<v Speaker 1>other people are. And for her, you know that carrot

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<v Speaker 1>is dangled and then it's taken away. So she did

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<v Speaker 1>do her concession speech, and I think she did a

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<v Speaker 1>really good job, so I wanted to play parts of

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<v Speaker 1>it for you. First of all, she talks about how

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<v Speaker 1>obviously this is not what they were hoping for.

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<v Speaker 6>The outcome of this election is not what we wanted,

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<v Speaker 6>not what we fought for, not what we voted for.

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<v Speaker 6>But hear me when I say, hear me when I say,

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<v Speaker 6>the light of America's promise will always burn bright as

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<v Speaker 6>long as we never give up, and as long as

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<v Speaker 6>we keep fighting. To my beloved Doug and our family,

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<v Speaker 6>I love you so very much. To President Biden and

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<v Speaker 6>Doctor Biden, thank you for your faith and support.

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<v Speaker 8>To Governor Walls.

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<v Speaker 6>And the Walls family. I know your service to our

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<v Speaker 6>nation will continue, okay.

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<v Speaker 1>And then she went on to talk a little bit

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<v Speaker 1>about the campaign that she ran and how proud she

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<v Speaker 1>is of it.

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<v Speaker 6>Over the one hundred and seven days of this campaign,

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<v Speaker 6>we have been intentional about building commune unity and building coalitions,

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<v Speaker 6>bringing people together from every walk of life and background,

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<v Speaker 6>united by love of country, with enthusiasm and joy in

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<v Speaker 6>our fight for America's future. And we did it with

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<v Speaker 6>the knowledge that we all have so much more in

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<v Speaker 6>common than what separates us.

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<v Speaker 7>Now.

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<v Speaker 6>I know folks are feeling and experiencing a range of

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<v Speaker 6>emotions right now. I get it, But we must accept

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<v Speaker 6>the results of this election. Earlier today, I spoke with

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<v Speaker 6>President elect Trump and congratulated him on his victory. I

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<v Speaker 6>also told him that we will help him and his

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<v Speaker 6>team with their transition and that we will engage in

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<v Speaker 6>a peaceful transfer of power.

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<v Speaker 1>And then she went on to talk more about how

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<v Speaker 1>that's going to play out.

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<v Speaker 6>A fundamental principle of American democracy is that when we

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<v Speaker 6>lose an election, we accept the results. That principle, as

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<v Speaker 6>much as any other, distinguishes democracy from monarchy or tyranny,

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<v Speaker 6>and anyone who seeks the public trust must honor it.

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<v Speaker 6>At the same time, in our nation, we owe loyalty

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<v Speaker 6>not to a president or a party, but to the

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<v Speaker 6>Constitution of the United States, and loyalty to our conscience

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<v Speaker 6>and to our God. My allegiance to all three is

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<v Speaker 6>why I am.

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<v Speaker 9>Here to say.

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<v Speaker 6>While I concede this election, I do not concede the

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<v Speaker 6>fight that fueled this campaign.

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<v Speaker 1>Crowd like that one, and then she had a message

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<v Speaker 1>for the kids.

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<v Speaker 6>The important thing is, don't ever give up. Don't ever

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<v Speaker 6>give up don't ever stop trying to make the world

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<v Speaker 6>a better place.

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<v Speaker 1>You have power.

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<v Speaker 6>You have power, and don't you ever listen when anyone

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<v Speaker 6>tells you something is impossible because it has never been

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<v Speaker 6>done before. You have the capacity to do extraordinary good

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<v Speaker 6>in the world.

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<v Speaker 1>And then she closed with an old adage that she

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<v Speaker 1>referred back to, and I thought she was going to

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<v Speaker 1>say something about its darkest before the dawn. Feels like

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<v Speaker 1>it might have been Star sort of a playoff of that.

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<v Speaker 1>But I really liked what she had to say.

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<v Speaker 3>Here.

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<v Speaker 6>Only when it is dark enough can you see the stars.

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<v Speaker 6>I know many people feel like we are entering a

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<v Speaker 6>dark time, but for the benefit of us all I

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<v Speaker 6>hope that is not the case. But here's the thing, America,

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<v Speaker 6>if it is, let us fill the sky with the

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<v Speaker 6>light of a brilliant, brilliant billion of.

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<v Speaker 9>Stars, the light.

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<v Speaker 6>The light of optimism, of faith, of truth and service.

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<v Speaker 3>Ain't you.

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<v Speaker 6>And made that work guide us, even in the face

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<v Speaker 6>of setbacks, toward the extraordinary promise of the United States

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<v Speaker 6>of America.

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<v Speaker 1>And there you have it. Got that again. I just

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<v Speaker 1>think that was very well done. Let's get back to

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<v Speaker 1>some of the stories coming out of the KFI twenty

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<v Speaker 1>four hour newsroom. A measure in Santa Anna to allow

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<v Speaker 1>non US citizens to vote appears to have been voted down.

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<v Speaker 2>Critics say the measure would have added about sixty thousand

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<v Speaker 2>people to the city's voter roles.

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<v Speaker 10>We did it not by vilifying illegals, but by elevating

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<v Speaker 10>the right to vote as the crown jewel of citizenship.

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<v Speaker 2>Lawyer activist James Lacey says they got a lot of

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<v Speaker 2>support from naturalized citizens.

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<v Speaker 10>I don't think that those naturalized citizens wanted to give

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<v Speaker 10>up their precious right to vote or dilute it to

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<v Speaker 10>give it over to illegals that don't take a test

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<v Speaker 10>and that don't pledge an allegiance to the United States.

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<v Speaker 2>Supporters say non citizens should be able to vote because

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<v Speaker 2>they pay taxes and raise children in the city in

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<v Speaker 2>Santa Ana. Corbin Carson kf I.

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<v Speaker 1>News The dal rose fifteen hundred points yesterday, the day

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<v Speaker 1>after election Day, as investors cheered former President Trump's return

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<v Speaker 1>to the White House, ABC's Alexis Christopherosa's investors are betting

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<v Speaker 1>Trump's policies will benefit them.

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<v Speaker 9>He was always really seen as the more friendly candidate

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<v Speaker 9>to corporate America.

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<v Speaker 1>He wants to lower the corporate tax rate we know

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<v Speaker 1>down to fifteen percent from its current twenty one percent.

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<v Speaker 1>She says investors also welcome deregulation. The NASDAC and the

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<v Speaker 1>SMP five hundred we're each up by more than two percent. Yesterday,

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<v Speaker 1>Hurricane Rafael has made landfall in Cuba. As a Category

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<v Speaker 1>three storm. Forecasters say Raphael could cause life threatening storm surges, winds,

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<v Speaker 1>and flash floods in western parts of the island country.

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<v Speaker 1>The storm previously knocked out power and dumped rain on

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<v Speaker 1>the Cayman Island and Jamaica. Another hurricane hit Cuba just

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<v Speaker 1>two weeks ago, killing at least six people in the

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<v Speaker 1>eastern part of the island. The La County Board of

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<v Speaker 1>Supervisors is given the ok to buy a skyscraper downtown.

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<v Speaker 11>The Gas Company tower would be the new home for

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<v Speaker 11>much of the county government. County CEO Fijia Davenport says

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<v Speaker 11>the two hundred million dollar acquisition makes sense because the

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<v Speaker 11>current building on Temple Street is too costly for a

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<v Speaker 11>seismic retrofit.

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<v Speaker 1>It makes sense from a safety perspective, from an efficiency perspective,

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<v Speaker 1>from a budgetary perspective, and also from a service delivery perspective.

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<v Speaker 11>Supervisor Janis Hahn was the only vote against the purchase plan.

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<v Speaker 11>She argues the building name for her late supervisor father

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<v Speaker 11>is an anchor of Downtown Civic Center in downtown La.

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<v Speaker 1>Michael Monks KFI News win gus up to sixty to

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<v Speaker 1>seventy miles per hour still expected through the day is

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<v Speaker 1>dangerous Santa Ana winds blow through the Southland. A red

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<v Speaker 1>flag warning and high wind warnings will be in effect

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<v Speaker 1>until this evening for most areas until tomorrow morning. In

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<v Speaker 1>the Ie, the winds have helped fuel a more than

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<v Speaker 1>fourteen thousand eight or fire burning in Moore Park and

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<v Speaker 1>came Rio that has destroyed at least fifty homes. Progressive

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<v Speaker 1>challenger Isabel Herrado appears likely to unsee District fourteen LA

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<v Speaker 1>City Councilman Kevin da Leone. She's leading by fifty six

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<v Speaker 1>to forty four percent margin as of yesterday afternoon. Arado

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<v Speaker 1>says she decided to run on the eve of her

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<v Speaker 1>thirty third birthday, when a tape was leaked of Dallyon

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<v Speaker 1>and other city officials making racist remarks about another city

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<v Speaker 1>council member's son. Governor Newsom says the state will work

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<v Speaker 1>with President elect Trump, but added California will stand with

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<v Speaker 1>states across the US to defend the Constitution and defend

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<v Speaker 1>the rule of law. The Southern California Republican Congressman darryl

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<v Speaker 1>Isa says Trump's decisive win was a clear mandate from

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<v Speaker 1>voters to rebuild the economy, restore national defense, and enforce

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<v Speaker 1>the border. Let's say good morning to ABC's Stephen Portnoy. Stephen,

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<v Speaker 1>with the election of President elect Trump, Special Council Jack

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<v Speaker 1>Smith has some work to do when it comes to

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<v Speaker 1>Donald Trump. So what's happening.

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<v Speaker 8>Yeah, this is an open question, and we are in

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<v Speaker 8>uncharted waters, unprecedented circumstance. We're talking about a man who's

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<v Speaker 8>under indictment in two separate federal criminal matters, both of

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<v Speaker 8>which are still two different degrees pending in the federal courts.

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<v Speaker 8>And then there are two state court matters, the one

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<v Speaker 8>in Georgia, the racketeering case there, and then there's the

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<v Speaker 8>New York hush money case where Trump has already been

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<v Speaker 8>convicted by a jury. All of it now complicated by

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<v Speaker 8>the fact that Donald Trump has won the election and

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<v Speaker 8>we'll be president of the United States on January twentieth,

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<v Speaker 8>the next year. So right now, within the Biden Justice Department,

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<v Speaker 8>there are high level conversations about how to wind down

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<v Speaker 8>quickly the two federal cases against Trump. There's the federal

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<v Speaker 8>election interference case here in Washington, d c. And then

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<v Speaker 8>there's the classified documents case in Florida. It's not clear

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<v Speaker 8>how this is going to proceed, but there is a

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<v Speaker 8>recognition and acknowledgment within the Justice Department that it cannot

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<v Speaker 8>proceed with the prosecutions while Donald Trump is president because

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<v Speaker 8>of the long standing policy that state dates back to

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<v Speaker 8>the Nixon era, that the Justice Department acknowledges the constitutional

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<v Speaker 8>responsibilities of a president are so important that they can't

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<v Speaker 8>be interfered with by a criminal prosecution. So what happens

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<v Speaker 8>next not sure, but it seems as though Jack Smith

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<v Speaker 8>is going to figure out some sort of way to

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<v Speaker 8>get these two cases dismissed. The cleanest way to do it,

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<v Speaker 8>and this is entirely my speculation, and no one else

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<v Speaker 8>is suggesting this but me.

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<v Speaker 3>Okay, but the easiest thing to.

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<v Speaker 8>Do would be for Joe Biden to grant Donald Trump

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<v Speaker 8>a pardon to prevent Trump from having to fire Jack

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<v Speaker 8>Smith prevent Trump from having to parton himself.

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<v Speaker 3>Now, will he do it? I don't know.

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<v Speaker 8>Totally speculation and entirely theoretical, but it would be the

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<v Speaker 8>cleanest way to wipe this late clean.

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<v Speaker 1>Okay, I have a question about the pardon thing. Can

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<v Speaker 1>President elect Trump pardoned himself when he gets back into

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<v Speaker 1>office or is that that's still that uncharted territory. It's

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<v Speaker 1>never happened, right.

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<v Speaker 8>Well, it's it's listen, it's never happened before. But the

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<v Speaker 8>understanding is that he probably could because there's no way

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<v Speaker 8>to challenge a pardon. The part the pardon powers plenary

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<v Speaker 8>in the Constitution, which means it's beyond any kind of

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<v Speaker 8>question or challenge and so and entirely within the powers

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<v Speaker 8>of the presidency. So uh, you know, but to prevent

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<v Speaker 8>that breaking of a norm, again, theory and speculation entirely

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<v Speaker 8>on my part, just to kind of game it out.

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<v Speaker 8>Sure Biden could pardon Trump to prevent Trump from having

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<v Speaker 8>to pardon himself.

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<v Speaker 1>That's an interesting theory step. Im portanite the classified documents

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<v Speaker 1>case just as a refresher. That was the one that

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<v Speaker 1>it was thrown out, but then Jack Smith basically refiled it.

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<v Speaker 1>He revised it.

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<v Speaker 8>Well, no, no, no, So what we're talking about in

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<v Speaker 8>the classified Documents case was a judge who said that

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<v Speaker 8>jack Smith was improperly appointed because she subscribed to the

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<v Speaker 8>constitutional view advanced by conservative legal theorists that had failed

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<v Speaker 8>repeatedly several other attempts. But Judge Cannon signed on to

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<v Speaker 8>it and dismissed the case the idea that Jack Smith

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<v Speaker 8>was not confirmed by the Senate and so therefore he

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<v Speaker 8>didn't have the power to bring an indictment. Well, there

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<v Speaker 8>had been other special counselors who have brought indictments and

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<v Speaker 8>they have never The challenge on that basis has never succeeded,

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<v Speaker 8>and so the Justice Department was appealing her ruling to

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<v Speaker 8>get that case back on track. And let me put

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<v Speaker 8>it this way, if Trump had not won the election,

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<v Speaker 8>I think it's very likely that the Eleventh Circuit would

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<v Speaker 8>have overturned Judge Cannon's opinion and sent that case back

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<v Speaker 8>to the district court. Whether it be in Judge Cannon's

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<v Speaker 8>court room or not is another question. Because Smith seemed

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<v Speaker 8>to be so aggrieved by Judge Cannon's repeated rulings against

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<v Speaker 8>him that he was probably going to see about getting

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<v Speaker 8>the case taken out of her courtroom. All that seems

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<v Speaker 8>to be moot now though, And the question is, what

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<v Speaker 8>is the actual mechanism for having these case is dismissed?

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<v Speaker 3>It's not clear.

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<v Speaker 1>Okay, wasn't there one though where he did. I'm getting

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<v Speaker 1>them confused because there's so many. It wasn't there one

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<v Speaker 1>where he did. Because of the immunity part that the

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<v Speaker 1>Supreme Court said, yeah, he has an immunity for official dubates.

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<v Speaker 8>That's in d C, where the Supreme Court has ruled

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<v Speaker 8>that a president is entitled to the presumption of immunity

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<v Speaker 8>for his official acts, if not absolute immunity, and that

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<v Speaker 8>is still pending. Judge Tanya Chukin here in Washington, d C.

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<v Speaker 8>Was set to decide whether certain aspects of the superseding

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<v Speaker 8>indictment needed to be removed or not, and that itself

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<v Speaker 8>would have been appealed, although after the Supreme Court necessary.

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<v Speaker 8>So all of that, again is going to be moot

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<v Speaker 8>because jack Smith has no choice but to let this

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<v Speaker 8>all go. Whether he's going to do it in an

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<v Speaker 8>emotion to dismiss and maybe I don't know. Is there

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<v Speaker 8>such a thing as dismissing with prejudice? I don't know,

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<v Speaker 8>and that's the idea that it couldn't be revised or revived.

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<v Speaker 8>Suffice it to say, the legal casesgainst Trump, certainly at

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<v Speaker 8>the federal level, are off the table because statutal limitations

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<v Speaker 8>would run out if the cases are dismissed, and the

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<v Speaker 8>only question then would be, again theoretically and only hypothetically,

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<v Speaker 8>whether Joe Biden would pardon Trump or Trump my pardon himself.

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<v Speaker 8>Long story short. His election means that Donald Trump will

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<v Speaker 8>not be prosecuted by the federal.

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<v Speaker 1>Government again in uncharted territory. Interesting stuff, all right. Thank

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<v Speaker 1>you for helping us sort that out, Stephen. Like I said,

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<v Speaker 1>there's so many to try to keep them straight, and

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<v Speaker 1>my little brain is challenging. That's why we have you her.

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<v Speaker 1>You got it all right, Thank you so much, Stephen. Okay,

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<v Speaker 1>parts of La and Ventura Counties remain under a red

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<v Speaker 1>flag warning for extreme fire damager because of the high winds.

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<v Speaker 1>Gusts reaching sixty seventy, maybe even eighty miles per hour

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<v Speaker 1>yesterday could continue through this evening. It's possible there could

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<v Speaker 1>be some isolated gusts of up to one hundred miles

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<v Speaker 1>per hour in the San Gabriels. The warning again in

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<v Speaker 1>effect until tonight, and it extends through tomorrow morning for

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<v Speaker 1>the ie. A judge in California has rejected an appeal

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<v Speaker 1>by the man convicted of murdering rapper Nipsey Hustle. This

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<v Speaker 1>comes nearly two years after Eric Holder Junior went to a

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<v Speaker 1>trial for the killing. The decision means he'll stay in

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<v Speaker 1>prison to serve out his sixty year sentence. Attorneys for

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<v Speaker 1>accused killer Brian Coburger will ask a judge in Boise, Idaho,

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<v Speaker 1>to consider removing the death penalty as a punishment if

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<v Speaker 1>he's convicted. Coburger is charged with killing four University of

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<v Speaker 1>Idaho students in November of twenty twenty two. Prosecutors say

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<v Speaker 1>Coburger's DNA was found on a knife sheath left at

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<v Speaker 1>the crime scene, and they want the death penalty. The

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<v Speaker 1>trial is set for August of next year. New warnings

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<v Speaker 1>have been issued on the dangers of unapproved versions of

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<v Speaker 1>certain weight loss and diabetes drugs.

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<v Speaker 9>Drug maker Novo Nordisk alerting people after reports that ten

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<v Speaker 9>people died and hundreds of others have been hospitalized after

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<v Speaker 9>using copies of the brand names will Govi and Ozimpic.

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<v Speaker 1>ABC's Michelle Fanzen says the company is the only approved

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<v Speaker 1>maker of semi glue Tide. Last month, Novo Nordisk asked

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<v Speaker 1>the FDA to ban the copycat versions, which have sored

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<v Speaker 1>in popularity due to a shortage of the approved drugs

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<v Speaker 1>in the US. A Mega Million's lottery ticket sold in

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<v Speaker 1>California's Central Valley is not worth the jackpot, but it

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<v Speaker 1>is worth more than one point two million dollars. The

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<v Speaker 1>ticket was bought at a liquor store in wood Lake,

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<v Speaker 1>near Visalia. It matched five numbers from Tuesday nights drawing

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<v Speaker 1>the dangerous winds of fanned brush fires and prompted precautionary

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<v Speaker 1>power shut offs in southern California, firefighters fought back flames

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<v Speaker 1>that damaged at least two beachfront homes across the state

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<v Speaker 1>from or across the street rather from Malibu Bluff's Park.

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<v Speaker 1>They've stopped the forward progress of that fire at fifty acres.

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<v Speaker 1>Up to fifty homes have been burned in the more

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<v Speaker 1>than fourteen thousand acre fire burning in the moor Park

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<v Speaker 1>and Camerio areas. The high winds are expected to continue

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<v Speaker 1>in some areas through tomorrow morning. Vermont Senator Chernie Sanders

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<v Speaker 1>has responded to what he called the Democratic Party's disastrous campaign.

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<v Speaker 1>The independent senator who caucuses what Democrats said, in his words,

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<v Speaker 1>should come as no great surprise that a Democratic party

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<v Speaker 1>which has abandoned working class people would find that the

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<v Speaker 1>working class has abandoned them. Several thousand volunteers will fan

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<v Speaker 1>out across Hallowed Ground on Saturday to place many American

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<v Speaker 1>flags on the nearly two hundred and twenty five thousand

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<v Speaker 1>graves at Riverside National Cemetery Garden Grove based honoring our fallens.

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<v Speaker 1>Brennan Leininger says the Veterans Day tribute is an honor

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<v Speaker 1>that we should all take pride in. At six oh

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<v Speaker 1>five at Handle on the News, Vice President Harris has

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<v Speaker 1>conceded the election, but not the fight that fueled her campaign.

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<v Speaker 1>At I point fifty, we're going to talk to a

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<v Speaker 1>homeowner in Rancho Palace, Verdes as he and his neighbors

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<v Speaker 1>see their homes shifting under their feet, their power and

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<v Speaker 1>their gas cut off. We're going to find out what

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<v Speaker 1>their options are and why many of them are not leaving.

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<v Speaker 1>Right now, let's say good morning to ABC's Caleb's Silver Caleb.

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<v Speaker 1>The market seemed to like hearing that Donald Trump is

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<v Speaker 1>going to be the forty seventh president.

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<v Speaker 12>Well, there's that, and there's also the quick resolution. We

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<v Speaker 12>didn't have to wait days or weeks to find this out, and.

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<v Speaker 3>On certain that night to night for investors.

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<v Speaker 12>Yeah, yeah, it was nice to get that right away.

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<v Speaker 12>And remember what President Trump has promised throughout the campaign,

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<v Speaker 12>which is to keep those tax cuts that he had

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<v Speaker 12>acted in twenty seventeen, keep those in place, maybe even

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<v Speaker 12>lower those some more.

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<v Speaker 3>And that big deal there was.

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<v Speaker 12>That that corporate tax rate went from thirty five percent

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<v Speaker 12>to twenty one percent, and he intends to keep it there,

425
00:24:31.519 --> 00:24:33.519
<v Speaker 12>even take it lower for some companies. You have that,

426
00:24:33.839 --> 00:24:35.759
<v Speaker 12>you have the promise of a lot of government spending,

427
00:24:35.920 --> 00:24:39.519
<v Speaker 12>whether that's for infrastructure, whether that's for deportation, whether that's

428
00:24:39.559 --> 00:24:42.880
<v Speaker 12>for making sure products are made in America. That's bullish

429
00:24:42.920 --> 00:24:44.759
<v Speaker 12>for the stock market. On the other hand, you have

430
00:24:44.839 --> 00:24:47.279
<v Speaker 12>higher tariffs that he's promised to a twenty percent across

431
00:24:47.279 --> 00:24:50.160
<v Speaker 12>the board tariff that's inflationary by nature, and that gets

432
00:24:50.200 --> 00:24:52.599
<v Speaker 12>passed on to consumers. So the trade off I think

433
00:24:52.640 --> 00:24:55.359
<v Speaker 12>he's making is we'll give you lower taxes, but we're

434
00:24:55.400 --> 00:24:56.920
<v Speaker 12>going to charge higher tariffs and you may have to

435
00:24:56.920 --> 00:24:59.319
<v Speaker 12>pay more for that. It's not going to help inflation necessarily,

436
00:24:59.440 --> 00:25:00.400
<v Speaker 12>but it will be interesting.

437
00:25:00.599 --> 00:25:04.319
<v Speaker 1>Okay, hey, on that tax cut, Taylor, can he just

438
00:25:04.599 --> 00:25:07.599
<v Speaker 1>do that? Does he have to get the support of Congress.

439
00:25:09.160 --> 00:25:10.880
<v Speaker 12>Yeah, but it looks like he might very well have

440
00:25:10.960 --> 00:25:14.920
<v Speaker 12>that support. And extending that that was going to expire

441
00:25:15.279 --> 00:25:18.119
<v Speaker 12>in early twenty twenty five, the big question was if

442
00:25:18.119 --> 00:25:21.359
<v Speaker 12>Harris was elected, would she have extended it or now

443
00:25:21.400 --> 00:25:23.079
<v Speaker 12>that we know that she's not going to be elected,

444
00:25:23.160 --> 00:25:24.440
<v Speaker 12>he definitely will extend it.

445
00:25:24.559 --> 00:25:26.559
<v Speaker 3>How much more can he do and will he do?

446
00:25:26.599 --> 00:25:28.480
<v Speaker 12>And the other big question, and it comes to a

447
00:25:28.519 --> 00:25:30.720
<v Speaker 12>head today, is what will he do with the federal Reserve.

448
00:25:30.960 --> 00:25:33.559
<v Speaker 12>He has been talking about bringing the Federal Reserve under

449
00:25:33.599 --> 00:25:37.200
<v Speaker 12>the executive branch of government. It's independent right now. It's

450
00:25:37.200 --> 00:25:39.759
<v Speaker 12>that's monetary policy based on what it thinks the economy needs.

451
00:25:39.920 --> 00:25:42.960
<v Speaker 12>If the President and the White House in Congress controls that, well,

452
00:25:43.000 --> 00:25:45.519
<v Speaker 12>we're in for a much lower interest rate regime, much

453
00:25:45.599 --> 00:25:48.039
<v Speaker 12>like the one we've had over the past twenty years

454
00:25:48.119 --> 00:25:49.440
<v Speaker 12>until the last couple of years.

455
00:25:49.680 --> 00:25:52.319
<v Speaker 3>Lower interest rate's also very bullish for the stock market.

456
00:25:52.319 --> 00:25:56.960
<v Speaker 12>That's why you're seeing that sector explode, but also more deregulation,

457
00:25:57.079 --> 00:25:59.440
<v Speaker 12>get the government out of big business. We've had a

458
00:25:59.519 --> 00:26:02.200
<v Speaker 12>very great of Federal Trade Commission that's been a big

459
00:26:02.319 --> 00:26:03.599
<v Speaker 12>thorn in the side of big tech.

460
00:26:03.640 --> 00:26:06.119
<v Speaker 3>In the banking sector, he's promised to deregulate.

461
00:26:06.240 --> 00:26:09.599
<v Speaker 12>That's why you're seeing risk assets, financial stocks, bitcoin, everything

462
00:26:09.680 --> 00:26:11.319
<v Speaker 12>rising and.

463
00:26:11.640 --> 00:26:15.400
<v Speaker 1>Most We were up fifteen hundred points yesterday, but not

464
00:26:15.680 --> 00:26:18.000
<v Speaker 1>everybody was a winner yesterday. There was a few that

465
00:26:18.119 --> 00:26:20.759
<v Speaker 1>took a pretty hefty hit one there.

466
00:26:21.079 --> 00:26:22.839
<v Speaker 12>Yeah, there were some stocks that didn't do well at all,

467
00:26:22.960 --> 00:26:25.640
<v Speaker 12>especially the solar stocks. All the stocks that benefited because

468
00:26:25.640 --> 00:26:27.759
<v Speaker 12>of the Inflation Reduction Act, which was really a climate

469
00:26:27.759 --> 00:26:31.079
<v Speaker 12>bill under any other name. Those stocks did terribly yesterday.

470
00:26:31.160 --> 00:26:33.319
<v Speaker 12>And we saw some chip stock sell off as well.

471
00:26:33.359 --> 00:26:36.400
<v Speaker 12>He's been talking about pulling the US out of the

472
00:26:36.519 --> 00:26:39.240
<v Speaker 12>Chips Act. That's a global pack with chip makers around

473
00:26:39.279 --> 00:26:42.319
<v Speaker 12>the world for fair tip pricing, semiconductor pricing. We know

474
00:26:42.400 --> 00:26:45.000
<v Speaker 12>our economy needs that. Some of those stocks didn't do

475
00:26:45.079 --> 00:26:47.319
<v Speaker 12>that great, but in general, you saw this bullish wave,

476
00:26:47.359 --> 00:26:49.759
<v Speaker 12>this green wave, overtake the stock market when we had

477
00:26:49.799 --> 00:26:52.319
<v Speaker 12>that quick resolution and the fact that we're probably going

478
00:26:52.400 --> 00:26:55.559
<v Speaker 12>to continue to see lower tax rates, lots of government spending,

479
00:26:55.880 --> 00:26:59.559
<v Speaker 12>and a lot of incentives for companies to do business

480
00:26:59.559 --> 00:26:59.960
<v Speaker 12>in America.

481
00:27:00.119 --> 00:27:02.240
<v Speaker 3>A lot of that very bullish for companies of all sizes.

482
00:27:02.759 --> 00:27:06.079
<v Speaker 1>Yeah, and what are we expecting another surge today or

483
00:27:06.319 --> 00:27:09.039
<v Speaker 1>was that like a one time Oh yeah, this is

484
00:27:09.079 --> 00:27:11.200
<v Speaker 1>great and then it just kind of levels off or

485
00:27:11.279 --> 00:27:11.599
<v Speaker 1>do we know?

486
00:27:12.359 --> 00:27:12.519
<v Speaker 3>Well?

487
00:27:12.519 --> 00:27:14.119
<v Speaker 12>I think a lot of investors were heading their bets

488
00:27:14.160 --> 00:27:16.160
<v Speaker 12>going into the election because it was a toss up

489
00:27:16.200 --> 00:27:16.839
<v Speaker 12>or it looked like one.

490
00:27:16.839 --> 00:27:19.359
<v Speaker 3>And if you looked at the polls, we see stocks

491
00:27:19.359 --> 00:27:19.640
<v Speaker 3>going to.

492
00:27:19.720 --> 00:27:22.079
<v Speaker 12>Rise, probably their rising and pre market trading right now,

493
00:27:22.079 --> 00:27:24.079
<v Speaker 12>we're not going to have a day like yesterday we

494
00:27:24.119 --> 00:27:26.519
<v Speaker 12>do a bad decision that to today, we kind of

495
00:27:26.519 --> 00:27:27.799
<v Speaker 12>know what's going to happen. The Fed's going to cut

496
00:27:27.839 --> 00:27:29.960
<v Speaker 12>right to quarter point. The big question is what happens

497
00:27:29.960 --> 00:27:32.160
<v Speaker 12>December eighteenth at the next meeting, because we'll be well

498
00:27:32.200 --> 00:27:35.000
<v Speaker 12>into the transition by then, and we know that Trump

499
00:27:35.079 --> 00:27:37.359
<v Speaker 12>wants to control what the Federal Reserve does going forward.

500
00:27:37.440 --> 00:27:39.160
<v Speaker 12>So today's meeting is going to be super interesting. I

501
00:27:39.160 --> 00:27:41.720
<v Speaker 12>wouldn't expect a lot of answers from Charge your Own Power,

502
00:27:41.759 --> 00:27:43.880
<v Speaker 12>but I would expect a lot of questions Okay.

503
00:27:43.640 --> 00:27:45.559
<v Speaker 1>I want to ask you another question about the FED

504
00:27:45.599 --> 00:27:48.079
<v Speaker 1>in just a second. Have we going back to the

505
00:27:48.119 --> 00:27:50.640
<v Speaker 1>Wall Street thing? Has there ever been a day where

506
00:27:50.680 --> 00:27:54.480
<v Speaker 1>the stock where we were up fifteen hundred points in

507
00:27:54.599 --> 00:27:55.279
<v Speaker 1>a single day.

508
00:27:56.599 --> 00:27:59.119
<v Speaker 12>That was the best election day rally in the history

509
00:27:59.160 --> 00:28:02.039
<v Speaker 12>of the stock market by any measure. And if you

510
00:28:02.079 --> 00:28:03.599
<v Speaker 12>looked at the S and P five hundred, it was

511
00:28:03.680 --> 00:28:05.839
<v Speaker 12>its best election day ever. But the now it's best

512
00:28:05.880 --> 00:28:07.960
<v Speaker 12>day in a couple of years. But that was a

513
00:28:08.039 --> 00:28:10.119
<v Speaker 12>huge surge, and I think a relief rally by a

514
00:28:10.160 --> 00:28:12.160
<v Speaker 12>lot of investors that weren't sure what was going to happen.

515
00:28:12.200 --> 00:28:14.799
<v Speaker 12>But what else happened during that big stock market surge?

516
00:28:14.799 --> 00:28:16.519
<v Speaker 12>We had a big rise in the yield on the

517
00:28:16.559 --> 00:28:19.000
<v Speaker 12>ten year treasury That is, you know, the most stable

518
00:28:19.480 --> 00:28:21.400
<v Speaker 12>investment around the world. It is backed by the full

519
00:28:21.400 --> 00:28:23.640
<v Speaker 12>faith and the credit of the United States government. Well,

520
00:28:23.680 --> 00:28:25.720
<v Speaker 12>we're seeing a surge in that when interest rates should

521
00:28:25.720 --> 00:28:27.920
<v Speaker 12>be coming down. Why is that Because we know there's

522
00:28:27.960 --> 00:28:29.960
<v Speaker 12>going to be a lot of government spending. Government spending

523
00:28:30.039 --> 00:28:32.880
<v Speaker 12>is going to push up the deficit right and make

524
00:28:32.880 --> 00:28:35.599
<v Speaker 12>our bonds even riskier. There are some estimates from the

525
00:28:35.680 --> 00:28:38.359
<v Speaker 12>Committee for Responsible Federal Budget that Trump's initiatives. If you

526
00:28:38.400 --> 00:28:40.319
<v Speaker 12>unit who passes some of them will add seven to

527
00:28:40.359 --> 00:28:42.799
<v Speaker 12>eight trillion dollars to the deficit over the next decade.

528
00:28:42.880 --> 00:28:44.799
<v Speaker 12>Nobody wants to talk about the deficit, but it is

529
00:28:44.839 --> 00:28:47.119
<v Speaker 12>the bogie man there because it controls the yield on

530
00:28:47.160 --> 00:28:49.359
<v Speaker 12>ten year treasuries, which everything is based off of.

531
00:28:49.400 --> 00:28:52.920
<v Speaker 1>Yeah, okay, so back to the Fed thing. Then interest

532
00:28:53.000 --> 00:28:56.200
<v Speaker 1>rates were cut a half percent. The last time we're

533
00:28:56.200 --> 00:28:59.759
<v Speaker 1>expecting a quarter percent? Is that today or tomorrow?

534
00:29:00.680 --> 00:29:03.079
<v Speaker 3>That's today? We're at around two pm today and then

535
00:29:03.079 --> 00:29:03.799
<v Speaker 3>a press conference.

536
00:29:03.799 --> 00:29:08.440
<v Speaker 1>Okay, but Caleb, why then are mortgage rates going back

537
00:29:08.559 --> 00:29:10.680
<v Speaker 1>up when the Fed's dropping the interest rates?

538
00:29:12.079 --> 00:29:12.559
<v Speaker 3>Great call.

539
00:29:12.839 --> 00:29:15.319
<v Speaker 12>The Fed sets short term interest rates, that is the

540
00:29:15.400 --> 00:29:17.799
<v Speaker 12>rate at which banks loan to each other, But mortgage

541
00:29:17.880 --> 00:29:20.359
<v Speaker 12>rates are really based on the yield on the tenure treasury.

542
00:29:20.400 --> 00:29:23.000
<v Speaker 12>The tenure treasury is the you know, the tenyure bond

543
00:29:23.240 --> 00:29:26.279
<v Speaker 12>that has been rising because more government spending is coming,

544
00:29:26.279 --> 00:29:28.680
<v Speaker 12>and more government spending is going to make our bonds

545
00:29:28.720 --> 00:29:32.400
<v Speaker 12>even riskier as our deficit gets even bigger and bigger. Now,

546
00:29:32.599 --> 00:29:36.119
<v Speaker 12>if President Trump controls both houses and the Republicans control

547
00:29:36.160 --> 00:29:39.240
<v Speaker 12>both houses, then the dead ceiling no longer becomes an issue.

548
00:29:39.240 --> 00:29:41.039
<v Speaker 12>We just keep kicking the can down the road. But

549
00:29:41.079 --> 00:29:43.079
<v Speaker 12>we got a lot of spending coming our way and

550
00:29:43.160 --> 00:29:44.839
<v Speaker 12>that is not going to be great in terms of

551
00:29:44.839 --> 00:29:47.319
<v Speaker 12>our bonds. That's what mortgage yields are based off. You

552
00:29:47.400 --> 00:29:50.640
<v Speaker 12>talked about sectors at fell yesterday. The housing market sector

553
00:29:50.680 --> 00:29:54.200
<v Speaker 12>fell because mortgage rate the thirty year tip back up

554
00:29:54.279 --> 00:29:56.559
<v Speaker 12>into the high sixes, and that is going to keep

555
00:29:56.559 --> 00:29:58.000
<v Speaker 12>people away from buying homes.

556
00:29:58.680 --> 00:30:02.319
<v Speaker 1>Yes even though like, well, I bought my house at

557
00:30:02.359 --> 00:30:04.160
<v Speaker 1>five and a half percent, and I ever't know everybody

558
00:30:04.200 --> 00:30:06.039
<v Speaker 1>like went, oh, it's so high. I'm like, that was

559
00:30:06.079 --> 00:30:08.920
<v Speaker 1>a good rate, But getting up that six and a

560
00:30:08.960 --> 00:30:12.039
<v Speaker 1>half seven range and more, it just seems like it's

561
00:30:12.079 --> 00:30:14.200
<v Speaker 1>a lot of money and why not.

562
00:30:14.079 --> 00:30:14.960
<v Speaker 3>Hold a lot of money?

563
00:30:15.119 --> 00:30:17.039
<v Speaker 12>And we know home prices are super high right now,

564
00:30:17.039 --> 00:30:18.960
<v Speaker 12>so home affordability is still at an all time low.

565
00:30:19.000 --> 00:30:20.559
<v Speaker 3>I don't think that changes anytime soon.

566
00:30:20.640 --> 00:30:23.440
<v Speaker 1>All Right, Caleb Silver, thank you so much for the information.

567
00:30:23.640 --> 00:30:25.960
<v Speaker 1>You help. All of this money stuff makes sense to

568
00:30:26.000 --> 00:30:26.920
<v Speaker 1>my brain. Appreciate it.

569
00:30:28.160 --> 00:30:28.599
<v Speaker 3>You got it.

570
00:30:28.640 --> 00:30:30.119
<v Speaker 1>All right, let's get back to some of the stories

571
00:30:30.160 --> 00:30:32.279
<v Speaker 1>coming out of the KFI twenty four hour newsroom. Yeah,

572
00:30:32.319 --> 00:30:35.440
<v Speaker 1>it's also convoluted, and there's so much going on and stuff.

573
00:30:35.480 --> 00:30:37.599
<v Speaker 1>I'd love that we have the opportunity to talk to

574
00:30:37.640 --> 00:30:41.519
<v Speaker 1>people like Caleb to help kind of just tear it

575
00:30:41.559 --> 00:30:45.480
<v Speaker 1>apart and piece by piece and make sense of it. So, anyway,

576
00:30:45.519 --> 00:30:47.039
<v Speaker 1>back to some of the stories coming out out of

577
00:30:47.039 --> 00:30:49.519
<v Speaker 1>the KFI twenty four hour newsroom, Orange County appears to

578
00:30:49.640 --> 00:30:53.160
<v Speaker 1>have selected a new supervisor to replace Andrew Doe, who

579
00:30:53.240 --> 00:30:55.559
<v Speaker 1>pleaded guilty to federal bribery charges.

580
00:30:55.319 --> 00:30:57.160
<v Speaker 2>Go it was turned out anyway and couldn't run for

581
00:30:57.200 --> 00:31:00.960
<v Speaker 2>re election. Republican state Senator Janet Winners to have defeated

582
00:31:01.000 --> 00:31:04.279
<v Speaker 2>Cypress Councilwoman Francis Marquez Winn says it's a new day

583
00:31:04.319 --> 00:31:04.680
<v Speaker 2>for OC.

584
00:31:04.960 --> 00:31:09.000
<v Speaker 13>All the contractors with the county, whether they're businesses or nonprofits,

585
00:31:09.039 --> 00:31:11.079
<v Speaker 13>we need to audit and we need to clean house

586
00:31:11.519 --> 00:31:14.279
<v Speaker 13>those who have had a contract with the county. If

587
00:31:14.319 --> 00:31:16.559
<v Speaker 13>you haven't done the job you're supposed to, we're going

588
00:31:16.599 --> 00:31:17.599
<v Speaker 13>to ask for the money back.

589
00:31:17.720 --> 00:31:20.000
<v Speaker 2>Those bribery plea was tied to a county contract with

590
00:31:20.039 --> 00:31:22.759
<v Speaker 2>a nonprofit that was supposed to be feeding seniors during

591
00:31:22.759 --> 00:31:26.599
<v Speaker 2>the pandemic in Orange County. Corbin Carson kaf I News.

592
00:31:26.599 --> 00:31:29.599
<v Speaker 1>La Counties Measure G is still too close to call.

593
00:31:29.960 --> 00:31:33.240
<v Speaker 1>G would overhaul county government in part by expanding the

594
00:31:33.240 --> 00:31:37.799
<v Speaker 1>Board of Supervisors and making the County CEO an elected

595
00:31:37.920 --> 00:31:40.720
<v Speaker 1>position instead of an appointed position. It was split as

596
00:31:40.720 --> 00:31:43.440
<v Speaker 1>of yesterday afternoon, with about fifteen thousand votes separating the

597
00:31:43.519 --> 00:31:46.759
<v Speaker 1>Yes from the nos. Two point three million votes have

598
00:31:46.759 --> 00:31:49.640
<v Speaker 1>been counted in more than a million ballots still need

599
00:31:49.720 --> 00:31:53.839
<v Speaker 1>to be counted. Rewards have been renewed for information leading

600
00:31:53.880 --> 00:31:57.920
<v Speaker 1>to the arrest of whomever vandalized two cemeteries in Compton

601
00:31:57.960 --> 00:32:00.599
<v Speaker 1>and Carson. The La County Board of supervi Visors made

602
00:32:00.599 --> 00:32:03.400
<v Speaker 1>the movee yesterday. Twenty thousand dollars is now being offered

603
00:32:03.400 --> 00:32:07.160
<v Speaker 1>for information about the vandalism at Woodlawn Celestial Gardens and

604
00:32:07.200 --> 00:32:11.720
<v Speaker 1>twenty five thousand for information tied to Lincoln Memorial Park.

605
00:32:12.079 --> 00:32:15.759
<v Speaker 1>Both were hit in January. The San Fernando Valley could

606
00:32:15.839 --> 00:32:17.960
<v Speaker 1>get more of its share of street sweeping.

607
00:32:18.119 --> 00:32:20.599
<v Speaker 11>A map of Lly's street sweeping schedule shows the valley

608
00:32:20.599 --> 00:32:23.039
<v Speaker 11>getting the short end of the stick. City Councilman Monica

609
00:32:23.079 --> 00:32:25.599
<v Speaker 11>Rodriguez says taxpayers and that part of the city are

610
00:32:25.680 --> 00:32:26.799
<v Speaker 11>deserving of more attention.

611
00:32:27.039 --> 00:32:29.279
<v Speaker 1>This is about making sure that we are writing what

612
00:32:29.359 --> 00:32:32.480
<v Speaker 1>has been a historic wrong and failure, and to look

613
00:32:32.880 --> 00:32:35.559
<v Speaker 1>at how we are distributing these resources.

614
00:32:35.640 --> 00:32:38.359
<v Speaker 11>The council approved a comprehensive review of street sweeping in

615
00:32:38.400 --> 00:32:40.839
<v Speaker 11>the city and how to allocate more attention to the valley.

616
00:32:41.000 --> 00:32:44.039
<v Speaker 11>The plan would include updated signage, since many signs warn't

617
00:32:44.079 --> 00:32:47.880
<v Speaker 11>drivers of street sweeping times that never materialize. Michael Monks

618
00:32:47.960 --> 00:32:48.839
<v Speaker 11>KFI News.

619
00:32:49.039 --> 00:32:53.079
<v Speaker 1>An annual Veterans Day weekend Catfish Derby, has come into

620
00:32:53.160 --> 00:32:56.400
<v Speaker 1>Riverside County Officials made the announcement yesterday, saying more than

621
00:32:56.440 --> 00:32:59.839
<v Speaker 1>four thousand pounds of catfish are being stocked at Lake

622
00:33:00.079 --> 00:33:04.559
<v Speaker 1>Kowea Veterans Regional Park. The event starts this Saturday afternoon

623
00:33:04.599 --> 00:33:08.160
<v Speaker 1>at four Prizes will be awarded for the biggest fish.

624
00:33:08.839 --> 00:33:12.440
<v Speaker 1>Republican incumbent Michelle Steele has one re election to the

625
00:33:12.440 --> 00:33:15.960
<v Speaker 1>forty fifth Congressional district in Orange and Elle County. This

626
00:33:16.039 --> 00:33:19.079
<v Speaker 1>will be Steele's third term. The Secretary of State's office

627
00:33:19.079 --> 00:33:22.720
<v Speaker 1>declared that Steel beat Democratic Attorney Derek Tran by four

628
00:33:22.759 --> 00:33:26.200
<v Speaker 1>percentage points the race's pivotal As control of the US

629
00:33:26.240 --> 00:33:29.680
<v Speaker 1>House remains in the balance, several races are still yet

630
00:33:29.720 --> 00:33:33.680
<v Speaker 1>to be called. Hurricane Raphael is plowed across western Cuba

631
00:33:33.680 --> 00:33:36.680
<v Speaker 1>as a category three storm. Winds were so powerful the

632
00:33:36.720 --> 00:33:39.200
<v Speaker 1>storm knocked out the power grid to the entire country,

633
00:33:39.519 --> 00:33:42.720
<v Speaker 1>flooded streets, and knocked over trees. The storm has pushed

634
00:33:42.720 --> 00:33:46.799
<v Speaker 1>into the Gulf of Mexico and is headed north toward Florida,

635
00:33:46.880 --> 00:33:48.839
<v Speaker 1>with heavy rains and a storm surge of up to

636
00:33:48.880 --> 00:33:53.000
<v Speaker 1>three feet expected in some areas. A palm sized satellite

637
00:33:53.200 --> 00:33:56.640
<v Speaker 1>made out of wood has been launched into space. The satellite,

638
00:33:56.680 --> 00:33:59.720
<v Speaker 1>built by Japanese researchers, is being flown to the International

639
00:33:59.759 --> 00:34:03.880
<v Speaker 1>Space Station and later it'll be released into orbit and

640
00:34:04.119 --> 00:34:07.839
<v Speaker 1>then they'll watch and see how wood holds up in space.

641
00:34:08.239 --> 00:34:10.960
<v Speaker 1>It's an early test of using timber in Mars and

642
00:34:11.039 --> 00:34:14.400
<v Speaker 1>lunar exploration, and if it's successful, could open the door

643
00:34:14.760 --> 00:34:19.159
<v Speaker 1>to other uses for wood in space. Kind of interesting.

644
00:34:19.880 --> 00:34:22.000
<v Speaker 1>We're just minutes away from Handle. On the news this morning,

645
00:34:22.000 --> 00:34:24.840
<v Speaker 1>Bernie Sanders had a few choice things to say about

646
00:34:24.920 --> 00:34:28.159
<v Speaker 1>Vice President Harris's loss, and as usual, he's not mince

647
00:34:28.199 --> 00:34:31.719
<v Speaker 1>in words. Let's say good morning now to Bill Lockwood,

648
00:34:31.719 --> 00:34:36.480
<v Speaker 1>who's a homeowner in the Rancho Palace Verdes area. Good morning, Bill,

649
00:34:36.559 --> 00:34:37.679
<v Speaker 1>Thanks for joining us this.

650
00:34:37.639 --> 00:34:39.920
<v Speaker 3>Morning, Good morning, hemy.

651
00:34:40.400 --> 00:34:43.719
<v Speaker 1>So the land has been sliding. Hundreds of residents have

652
00:34:43.760 --> 00:34:46.199
<v Speaker 1>had their gas and electricity cut off because the utility

653
00:34:46.239 --> 00:34:48.599
<v Speaker 1>say it's too dangerous to provide the service with the

654
00:34:48.679 --> 00:34:51.559
<v Speaker 1>land shifting underneath. We wanted to talk to somebody who

655
00:34:51.719 --> 00:34:55.119
<v Speaker 1>is actually living through this. So, Bill, you and your

656
00:34:55.159 --> 00:34:58.199
<v Speaker 1>wife own a home designed by Lloyd Wright. By the way,

657
00:34:58.679 --> 00:35:00.880
<v Speaker 1>it's in the heart of this lane and slide disaster.

658
00:35:01.079 --> 00:35:03.760
<v Speaker 1>So where is your home and how has it been

659
00:35:04.280 --> 00:35:05.639
<v Speaker 1>affected by the sliding land?

660
00:35:07.400 --> 00:35:12.079
<v Speaker 7>If people know where Wayfarer's Chapel was, our home is

661
00:35:12.119 --> 00:35:17.480
<v Speaker 7>about one hundred yards west of that. Uh So, we're

662
00:35:17.519 --> 00:35:23.719
<v Speaker 7>pretty close to the ocean, right above the Abalony Cove

663
00:35:23.840 --> 00:35:28.320
<v Speaker 7>State Beach. Okay, and Portuguese Bend is on the south

664
00:35:28.360 --> 00:35:31.440
<v Speaker 7>side of the Palace for His Peninsula, looking over the

665
00:35:31.519 --> 00:35:33.239
<v Speaker 7>channel towards Katalina Island.

666
00:35:33.960 --> 00:35:37.199
<v Speaker 1>Okay, So have did you have your power cut off?

667
00:35:37.320 --> 00:35:39.920
<v Speaker 1>Or is that was that just in the Portuguese Bend area?

668
00:35:41.000 --> 00:35:42.960
<v Speaker 7>No, we're in the Portuguese Bend.

669
00:35:42.960 --> 00:35:45.320
<v Speaker 1>There are in that area, Okay, Okay.

670
00:35:45.079 --> 00:35:49.239
<v Speaker 7>Yes, yes we had that. We had that that wonderful

671
00:35:49.360 --> 00:35:51.679
<v Speaker 7>notice sent to us as well, and.

672
00:35:51.599 --> 00:35:55.079
<v Speaker 1>You only got like a couple of days when they said, oh,

673
00:35:55.119 --> 00:35:57.880
<v Speaker 1>by the way, we're shutting power off, and how did

674
00:35:57.920 --> 00:36:00.480
<v Speaker 1>you how did you handle that? Did you bring another

675
00:36:00.760 --> 00:36:02.679
<v Speaker 1>form of power? Are you just living off the grid

676
00:36:02.760 --> 00:36:03.119
<v Speaker 1>right now?

677
00:36:04.760 --> 00:36:08.599
<v Speaker 7>Presently we're off the grid. They sent us the notice

678
00:36:08.679 --> 00:36:12.800
<v Speaker 7>at one o'clock on a Saturday afternoon saying that come

679
00:36:13.360 --> 00:36:15.920
<v Speaker 7>nine o'clock next Monday morning, power was going to be

680
00:36:15.920 --> 00:36:20.679
<v Speaker 7>shut off permanently. So we were actually at a festival

681
00:36:20.760 --> 00:36:25.159
<v Speaker 7>concert when we got the notice, left to go by

682
00:36:25.320 --> 00:36:29.480
<v Speaker 7>generators and kind of set ourselves up for what was coming.

683
00:36:29.599 --> 00:36:32.920
<v Speaker 7>So not only was there not much notice there, there

684
00:36:33.000 --> 00:36:35.760
<v Speaker 7>wasn't much time for people to prepare to do much

685
00:36:35.800 --> 00:36:36.280
<v Speaker 7>of anything.

686
00:36:36.559 --> 00:36:38.840
<v Speaker 1>Yeah, so now your house is running off of gas

687
00:36:38.880 --> 00:36:40.360
<v Speaker 1>power generators, is that correct?

688
00:36:42.119 --> 00:36:45.000
<v Speaker 7>We had that for a while and in the interim

689
00:36:45.480 --> 00:36:49.119
<v Speaker 7>we've had solar installed, okay, and so yeah, so we

690
00:36:49.239 --> 00:36:53.480
<v Speaker 7>have two of the Tesla Powerwall three batteries up and

691
00:36:53.559 --> 00:36:57.079
<v Speaker 7>running there and it's been a game changer for us.

692
00:36:57.400 --> 00:36:59.280
<v Speaker 7>That's the same thing that a lot of the people

693
00:37:00.199 --> 00:37:04.519
<v Speaker 7>back in the Portuguese Bend area and the Seaside area

694
00:37:05.039 --> 00:37:08.960
<v Speaker 7>have done. Because there is no you have no alternative.

695
00:37:09.000 --> 00:37:11.199
<v Speaker 7>You either have to have a generator or you have

696
00:37:11.280 --> 00:37:15.440
<v Speaker 7>to have a gas generator, you know, or a solar

697
00:37:16.400 --> 00:37:18.280
<v Speaker 7>some type of generation, and that's a.

698
00:37:18.199 --> 00:37:19.920
<v Speaker 1>Pretty hefty investment. I'm not going to ask you how

699
00:37:19.960 --> 00:37:21.639
<v Speaker 1>much you had to spend, but that's I mean, that's

700
00:37:21.639 --> 00:37:23.320
<v Speaker 1>not just pocket change.

701
00:37:23.960 --> 00:37:28.960
<v Speaker 7>No, it certainly isn't. Ye. It's although hopefully they'll be

702
00:37:29.000 --> 00:37:32.239
<v Speaker 7>able to mitigate this slide at some point in time

703
00:37:32.320 --> 00:37:37.559
<v Speaker 7>and we'll be able to recoup our investment, you know,

704
00:37:38.239 --> 00:37:41.559
<v Speaker 7>just from an investment point of view, in addition to

705
00:37:41.559 --> 00:37:45.000
<v Speaker 7>having the property values kind of stabilize and go back

706
00:37:45.039 --> 00:37:46.599
<v Speaker 7>to where they were before this occurred.

707
00:37:46.960 --> 00:37:51.039
<v Speaker 1>Okay, so Bill, is your home? I know you are affected,

708
00:37:51.039 --> 00:37:53.760
<v Speaker 1>but has your home shifted? Is there damage to your home?

709
00:37:55.480 --> 00:38:00.000
<v Speaker 7>Thankfully, to ours? Not much, but on our land all

710
00:38:00.119 --> 00:38:05.199
<v Speaker 7>surrounding the home, Yes, there's been. Our driveway is about

711
00:38:05.639 --> 00:38:10.480
<v Speaker 7>five feet closer to the beach than it was. So yeah,

712
00:38:10.519 --> 00:38:17.079
<v Speaker 7>so no, But we're lucky because the beautiful Lloyd Wright

713
00:38:17.320 --> 00:38:22.840
<v Speaker 7>design was saved in seventy nine by a couple by

714
00:38:23.000 --> 00:38:25.519
<v Speaker 7>Ralph Jester, who was the original home owner and an

715
00:38:25.599 --> 00:38:29.280
<v Speaker 7>engineer friend of his when they had what's called the

716
00:38:29.280 --> 00:38:33.239
<v Speaker 7>Avaloni Coast slide, and so they did some engineering stuff

717
00:38:33.280 --> 00:38:37.679
<v Speaker 7>that saved it. Then and continues to save it now, kind.

718
00:38:37.519 --> 00:38:40.239
<v Speaker 1>Of like earthquake proofing your home but for a landslide instead.

719
00:38:41.559 --> 00:38:46.039
<v Speaker 7>Yeah yeah, earthquake proofing with thumbscrew jacks and stuff like that.

720
00:38:46.159 --> 00:38:46.360
<v Speaker 3>Yeah.

721
00:38:47.039 --> 00:38:51.719
<v Speaker 1>So, Bill, there is an offer on the table, apparently

722
00:38:52.400 --> 00:38:54.679
<v Speaker 1>from the city, saying that forty two million dollars is

723
00:38:54.719 --> 00:38:58.320
<v Speaker 1>being made available to residents who want to sell their property,

724
00:38:58.880 --> 00:39:01.280
<v Speaker 1>and the city is saying it will offer fair market

725
00:39:01.400 --> 00:39:03.679
<v Speaker 1>value for homes. But if you divvy up that forty

726
00:39:03.679 --> 00:39:06.119
<v Speaker 1>two million, that's not very much for each resident if

727
00:39:06.119 --> 00:39:07.280
<v Speaker 1>everyone took advantage of it.

728
00:39:08.519 --> 00:39:11.960
<v Speaker 7>No, if it went out to everybody, with all the

729
00:39:11.960 --> 00:39:14.599
<v Speaker 7>homes affected, it would come out to about two hundred

730
00:39:14.639 --> 00:39:19.360
<v Speaker 7>and fifteen thousand dollars per residence, and most of them

731
00:39:19.400 --> 00:39:21.920
<v Speaker 7>are close to a million or well above that, So

732
00:39:22.920 --> 00:39:27.840
<v Speaker 7>it doesn't cover much in that respect. But for the

733
00:39:27.920 --> 00:39:31.920
<v Speaker 7>people that like one of our friends, his house was

734
00:39:31.960 --> 00:39:35.960
<v Speaker 7>split down the middle. It's now divided by about five

735
00:39:36.039 --> 00:39:39.039
<v Speaker 7>feet with a twenty five foot crevass running through the

736
00:39:39.039 --> 00:39:41.800
<v Speaker 7>middle of it, so that the house is a complete

737
00:39:41.840 --> 00:39:46.840
<v Speaker 7>and total loss. So for people like that, it provides

738
00:39:47.519 --> 00:39:50.639
<v Speaker 7>a bit of a lifeline where they probably wouldn't have

739
00:39:50.880 --> 00:39:55.239
<v Speaker 7>much that being said, when you read the fine print

740
00:39:55.440 --> 00:40:01.039
<v Speaker 7>in this. Thankfully, they are valuing the home as of

741
00:40:01.679 --> 00:40:06.440
<v Speaker 7>right before the slide December twenty twenty two, So they're

742
00:40:06.480 --> 00:40:10.000
<v Speaker 7>taking that value and that's what you would get, but

743
00:40:10.199 --> 00:40:15.480
<v Speaker 7>the homeowner has to contribute twenty five percent. So that

744
00:40:15.519 --> 00:40:17.800
<v Speaker 7>means you take twenty five percent off the top of

745
00:40:17.840 --> 00:40:22.199
<v Speaker 7>that appraised value at that point in time, and then

746
00:40:22.239 --> 00:40:24.199
<v Speaker 7>that's the money that you would get. So it's not

747
00:40:25.159 --> 00:40:27.280
<v Speaker 7>you know, it's not quite apples to apples. You're not

748
00:40:27.280 --> 00:40:29.960
<v Speaker 7>getting one hundred percent. You're getting seventy five percent.

749
00:40:30.239 --> 00:40:33.440
<v Speaker 1>Okay, and Bill, are you? Are you and your neighbors

750
00:40:33.480 --> 00:40:34.920
<v Speaker 1>taking a deal? Are you going to stay where you are?

751
00:40:36.480 --> 00:40:38.679
<v Speaker 7>I think that. I mean some people are going to

752
00:40:38.760 --> 00:40:39.159
<v Speaker 7>have to.

753
00:40:39.239 --> 00:40:41.840
<v Speaker 1>But like the house split into yeah.

754
00:40:42.599 --> 00:40:47.360
<v Speaker 7>Yeah, but we are not for people that live there.

755
00:40:47.400 --> 00:40:50.239
<v Speaker 7>You live there for a reason. It's an equestrian area,

756
00:40:50.800 --> 00:40:55.000
<v Speaker 7>a lot of people have chickens, it's extremely rural, it's

757
00:40:55.079 --> 00:41:01.159
<v Speaker 7>right next to the ocean, it's it's beautiful, pepper trees

758
00:41:01.360 --> 00:41:03.400
<v Speaker 7>lining the streets.

759
00:41:02.360 --> 00:41:04.199
<v Speaker 3>It's unique.

760
00:41:04.239 --> 00:41:06.440
<v Speaker 7>And so for those of us that live there, we

761
00:41:06.480 --> 00:41:09.679
<v Speaker 7>don't want to live anywhere else. We've chosen to live

762
00:41:09.679 --> 00:41:11.840
<v Speaker 7>there in the first place, and that's where we'd like

763
00:41:11.920 --> 00:41:14.320
<v Speaker 7>to stay. So we're going to do exactly that.

764
00:41:14.519 --> 00:41:15.960
<v Speaker 1>And if you do change your mind, what happens to

765
00:41:16.000 --> 00:41:17.039
<v Speaker 1>the property if you sell it?

766
00:41:18.880 --> 00:41:23.159
<v Speaker 7>I believe it or not. Properties are selling back there,

767
00:41:23.159 --> 00:41:26.599
<v Speaker 7>but they're selling more to people who are it has

768
00:41:26.639 --> 00:41:28.800
<v Speaker 7>to be like a cash buy. But it's people that

769
00:41:28.880 --> 00:41:33.639
<v Speaker 7>want the opportunity to live off the grid because that

770
00:41:33.719 --> 00:41:37.360
<v Speaker 7>doesn't occur, you know, in La County too many places,

771
00:41:37.360 --> 00:41:39.880
<v Speaker 7>and certainly not right next to the water. Yeah.

772
00:41:39.920 --> 00:41:42.360
<v Speaker 1>Okay, well, looks like you're staying put for a while.

773
00:41:42.400 --> 00:41:45.239
<v Speaker 1>Thank you so much. Bill. I'm just I'm very excited

774
00:41:45.280 --> 00:41:47.000
<v Speaker 1>that we have to talk to somebody who's actually there

775
00:41:47.079 --> 00:41:49.440
<v Speaker 1>in living it, and I think that, you know, we

776
00:41:49.480 --> 00:41:51.039
<v Speaker 1>wish you the best of luck and I hope that

777
00:41:51.119 --> 00:41:54.320
<v Speaker 1>solar continues to pump out a lot of energy for you.

778
00:41:55.480 --> 00:41:57.719
<v Speaker 7>Yeah. Well, thank you, Amy, You've been very kind. I

779
00:41:57.719 --> 00:41:58.559
<v Speaker 7>appreciate your time.

780
00:41:58.639 --> 00:42:02.360
<v Speaker 1>All right, we appreciate you too. Thanks spill. This is YouTube.

781
00:42:02.880 --> 00:42:07.400
<v Speaker 1>This is KFI and kost HD two Los Angeles, Orange County.

782
00:42:07.519 --> 00:42:10.840
<v Speaker 1>We lead local live from the KFI twenty four hour newsroom.

783
00:42:10.920 --> 00:42:13.199
<v Speaker 1>I'm Amy King. This has been your wake up call

784
00:42:13.239 --> 00:42:14.800
<v Speaker 1>if you missed in a wake Up Call again. You

785
00:42:14.840 --> 00:42:18.519
<v Speaker 1>can listen anytime on the iHeartRadio app. You've been listening

786
00:42:18.519 --> 00:42:21.039
<v Speaker 1>to Wake Up Call with me Amy King. You can

787
00:42:21.119 --> 00:42:23.679
<v Speaker 1>always hear wake Up Call five to six am Monday

788
00:42:23.719 --> 00:42:27.360
<v Speaker 1>through Friday on KFI AM six forty and anytime on

789
00:42:27.480 --> 00:42:29.639
<v Speaker 1>demand on the iHeartRadio app
