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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 iHeartRadio app.

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

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<v Speaker 3>It's time for your morning wake up call.

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<v Speaker 4>Here's Amy King.

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<v Speaker 5>Well, good morning, it's five o'clock. Straight up.

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<v Speaker 1>This is your wake up call for Tuesday, April eighth.

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<v Speaker 1>I'm Amy King. We're live everywhere on the iHeartRadio app.

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<v Speaker 5>Ready for a big Tuesday. I know everybody calls it

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<v Speaker 5>Taco Tuesday. Bill Hand always goes, it's Taco Tuesday, and

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<v Speaker 5>we never get tacos. Kind of unfair. Kono, Are you

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<v Speaker 5>sad this morning? I'm not sad.

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<v Speaker 6>I mean, I know what you're referring to in the

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<v Speaker 6>National Championship, but it was a great game last night,

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<v Speaker 6>So can only be.

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<v Speaker 5>Sad about it? Isn't that what you hope for?

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<v Speaker 1>I mean, of course you want your team to win,

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<v Speaker 1>But it's samely, same thing with like Super Bowl. If

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<v Speaker 1>it's a great game, it's not as important to me

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<v Speaker 1>who wins. It's that it was a great game as

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<v Speaker 1>opposed to like a lopsided blowout.

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<v Speaker 6>Especially if you don't have someone in the fight like

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<v Speaker 6>the women's side. It was like a thirty point blowout

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<v Speaker 6>and it was I mean, it was okay. But yesterday

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<v Speaker 6>it came down to the last play of the game.

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<v Speaker 6>I love it, and it was it was fun.

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<v Speaker 5>It was good.

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<v Speaker 6>Congratulations Florida Gators.

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<v Speaker 5>Absolutely okay.

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<v Speaker 1>Here's what's ahead on wake up call, and it's a

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<v Speaker 1>lot I can tell you.

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<v Speaker 5>So let's get rolling.

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<v Speaker 1>A youth soccer coach has been charged with murdering a

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<v Speaker 1>thirteen year old boy whose body was found last week

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<v Speaker 1>in Oxnard. Mario Garcia Akino is scheduled to be arranged

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<v Speaker 1>today in downtown LA in the killing of Oscar Hernandez.

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<v Speaker 1>The charge includes a special circumstance allegation that could mean

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<v Speaker 1>he's eligible for a death sentence. Jury selection has begun

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<v Speaker 1>in the retrial of an Orange County Superior judge whose

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<v Speaker 1>first second degree murder trial ended with a mistrial.

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<v Speaker 5>The jury couldn't reach a decision.

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<v Speaker 1>Jeffrey Ferguson is accused of killing his wife at their

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<v Speaker 1>home in Anaheim Hills. Ferguson says the shooting was an accident.

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<v Speaker 1>Deportations of illegal immigrant gang members will soon begin again.

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<v Speaker 1>The Supreme Court ruled five four yesterday that the Department

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<v Speaker 1>of Justice can remove alleged Venezuelan gang members under the

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<v Speaker 1>seventeen ninety eight Alien Enemies Act. Before being deported, they

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<v Speaker 1>must get a court hearing. We're going to be digging

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<v Speaker 1>a little deeper into that with ABC's Stephen Portnoy.

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<v Speaker 5>That's coming up at the bottom of the hour. Actually

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<v Speaker 5>it's coming up in about twenty minutes.

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<v Speaker 1>Also on wake Up Call, TikTok gets more time, ABC's

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<v Speaker 1>Mike Debuski is going to tell us how there could

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<v Speaker 1>be a switcheroo with switch to thanks to Trump's tariffs,

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<v Speaker 1>and Joe Larsguard is going to take a look at

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<v Speaker 1>the practical effects of the stock market's turbulence and whether

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<v Speaker 1>you should take action or ride out the storm. Let's

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<v Speaker 1>get with some of the stories coming out of the

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<v Speaker 1>KFI twenty four hour newsroom. La Mayor Bass has fire

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<v Speaker 1>recovery efforts from the fires in Palisades and Altadena are history.

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<v Speaker 5>La Mayor Bass has marked a milestone.

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<v Speaker 7>Yesterday was the three month anniversary of the two deadly

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<v Speaker 7>wildfires that broke out January seventh. The fires killed thirty

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<v Speaker 7>people and destroyed sixteen thousand homes and other structures. The

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<v Speaker 7>mayor is given credit to the Trump administration for the

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<v Speaker 7>fastest hazardous materials clearing in the history.

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<v Speaker 5>Of the EPA.

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<v Speaker 7>She says utilities were restored in an unprecedented two months.

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<v Speaker 7>All recovery efforts are considered the fastest in modern history.

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<v Speaker 7>Deborah mark KFI News.

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<v Speaker 1>But three months since the start of the wildfire in

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<v Speaker 1>Altadena that destroyed more than nine thousand homes in businesses,

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<v Speaker 1>not one permit to rebuild has been approved.

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<v Speaker 3>He Cannon.

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<v Speaker 5>I am not satisfied with the pace today.

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<v Speaker 2>No building permits have been issued, and that is totally unacceptable.

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<v Speaker 1>LA County Supervisor Catherine Barger's has more than fifteen hundred

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<v Speaker 1>properties are ready for rebuilding just waiting for permits.

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<v Speaker 2>So we need one point of contact that can override

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<v Speaker 2>and really focus on getting it done in real time.

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<v Speaker 1>The Board's expected to vote today to create a permitting

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<v Speaker 1>authority to speed up the permitting process. LA County Sheriff's

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<v Speaker 1>detectives are trying to find a missing woman and a

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<v Speaker 1>two year old boy last seen in Carson. Jenna and

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<v Speaker 1>Aiden Mildrew haven't been seen since April first. Investigators say

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<v Speaker 1>the woman needs medication every day She's black, five feet five,

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<v Speaker 1>one hundred and seventy eight pounds with short black hair.

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<v Speaker 1>She was less seen wearing a black sweater and sweatpants.

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<v Speaker 1>The boy is black, has curly black hair and brown eyes.

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<v Speaker 1>A judge in Orange County as sided with Huntington Beach

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<v Speaker 1>in its legal fight with the state over a city

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<v Speaker 1>ordinance requiring voter id in local elections. City officials argued

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<v Speaker 1>that as a charter city, it has special authority to

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<v Speaker 1>approve an ordinance in conflict with state law.

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<v Speaker 5>The state disagrees.

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<v Speaker 1>Attorney General Rob Bonta says that but he believes the

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<v Speaker 1>Orange County Superior Court got it wrong, and the ordinance

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<v Speaker 1>is set to go into effect next year. Let's say

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<v Speaker 1>good morning now to ABC's Karen Travers. So, Karen, some

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<v Speaker 1>of the Trump administration tariffs have already been implemented more

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<v Speaker 1>scheduled to kick in tomorrow. So the big question is

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<v Speaker 1>are they negotiable or permanent?

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<v Speaker 5>Because it's kind of hard to tell from all the

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<v Speaker 5>back and forth.

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<v Speaker 8>Yeah, both is what the President said yesterday, and it

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<v Speaker 8>doesn't really clear up the mixed messages, and there have

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<v Speaker 8>been a lot of them on this issue. The President

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<v Speaker 8>yesterday was asked by my colleague Mary Bruce if he

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<v Speaker 8>would be open to a pause on the tariffs to

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<v Speaker 8>allow for negotiations, and the President said, we're not looking

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<v Speaker 8>at that. He was also asked about the mixed messages,

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<v Speaker 8>whether this was a permanent strategy or a short term

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<v Speaker 8>negotiating tactic, and he said both can be true. There

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<v Speaker 8>can be permanent tariffs and there can also be negotiations,

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<v Speaker 8>because he said there are things we need beyond tariffs,

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<v Speaker 8>didn't explain what that was, did get into detail on that,

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<v Speaker 8>but you know, I think that's what's causing some of

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<v Speaker 8>the uncertainty the volatility right now. Is the President looking

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<v Speaker 8>to change this when it comes to some countries. It

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<v Speaker 8>certainly doesn't seem like he's backing off the broad sweeping

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<v Speaker 8>policy entirely. The tariffs or the White House has been

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<v Speaker 8>pretty clear are staying in place, but with the percentage

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<v Speaker 8>drop for some countries, some that we are more close

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<v Speaker 8>allies with, depending on what the trade deficit is, depending

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<v Speaker 8>on what products and American companies are in those countries.

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<v Speaker 8>It just depends. And that is something we just don't

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<v Speaker 8>have details for, and the President didn't really clear that

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<v Speaker 8>up yesterday okay, and he was.

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<v Speaker 1>Some of his comments were made in the Oval office

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<v Speaker 1>when he was meeting or after he met with Israel's

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<v Speaker 1>Benjaminette and Yahu. Israel has said it would drop its tariffs,

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<v Speaker 1>but the US still imposed like seventeen percent. So yeah,

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<v Speaker 1>did the President say if any headway was being made

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<v Speaker 1>on that.

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<v Speaker 8>Yeah, he did. He was outside explain, but he would

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<v Speaker 8>not commit to reducing the tariffs on Israel. He said,

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<v Speaker 8>maybe not, and he said, don't forget. We help Israel

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<v Speaker 8>a lot, We give them billions of dollars a year.

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<v Speaker 8>So didn't indicate that there would be a change in

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<v Speaker 8>the tariff policy. And I think people were looking at

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<v Speaker 8>that potentially yesterday as could that be a framework for

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<v Speaker 8>other countries, And met NYAHUU came and was telling the

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<v Speaker 8>President and offered, you know, we lowered Israel's tariff freate

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<v Speaker 8>to zero, we got rid of tariffs on US products.

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<v Speaker 8>That did not change the President's position on tariff's on

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<v Speaker 8>Israeli products.

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<v Speaker 1>Interesting, and then I think that I heard Karen, I

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<v Speaker 1>wonder if you heard this too. He was hinting that

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<v Speaker 1>the sale of TikTok could help China get you know,

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<v Speaker 1>lowered the percentage of tariffs with China, because that, like

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<v Speaker 1>you said, might be something that's aside from just tariffs,

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<v Speaker 1>there's other It might be another negotiating tool.

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<v Speaker 8>He had said that last week too, and it seemed

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<v Speaker 8>like that had potentially been getting close. But now with

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<v Speaker 8>the escalation in tariffs with the US and China, that

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<v Speaker 8>does not seem to be as close. President yesterday threatened

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<v Speaker 8>another fifty percent tariff on top of the thirty four

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<v Speaker 8>that he announced last week, which is on top of

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<v Speaker 8>the twenty percent of thirty in place in some Chinese products,

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<v Speaker 8>So that is significantly ramping things up. That would lead

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<v Speaker 8>to one hundred and four percent tariff, you know, kind

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<v Speaker 8>of doing the math. The White House confirmed that that's true.

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<v Speaker 8>That is, if China doesn't back off on their retaliation threat.

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<v Speaker 8>Doesn't seem like they're going to, they said yesterday. President's

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<v Speaker 8>policies right now amount to economic bullying.

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<v Speaker 1>Okay, So tariff's stay in and play for now and

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<v Speaker 1>we'll see what happens, you.

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<v Speaker 5>Know, in twenty minutes. Well, thanks all right, ABC's Karen Travers,

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<v Speaker 5>thanks so much for the information.

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<v Speaker 8>That's a great thank you too.

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<v Speaker 1>Let's get back to some of the stories coming out

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<v Speaker 1>of the KFI twenty four hour newsroom. The Supreme Court

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<v Speaker 1>says President Trump can use an old law to deport

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<v Speaker 1>criminal illegal immigrants.

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<v Speaker 9>In a five four ruling Monday, the Court will now

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<v Speaker 9>allow the Department of just just to remove alleged Venezuelan

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<v Speaker 9>gang members from the country under the Alien Enemies Act.

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<v Speaker 9>The ruling ends a lower court freeze on Trump using it.

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<v Speaker 1>Kay if i's Lisa Carton says the ruling means the

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<v Speaker 1>Trump administration can go ahead and use the law to

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<v Speaker 1>speed up deportations while things play out in the lower courts.

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<v Speaker 1>Trump posted on social media that the Supreme Court has

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<v Speaker 1>upheld the rule of law in the country. He called

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<v Speaker 1>it a great day for justice in America. As I mentioned,

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<v Speaker 1>We're going to dig a little deeper into that with

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<v Speaker 1>ABC Stephen Portnoy because the High Court in allowing that

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<v Speaker 1>also placed some conditions on the deportations.

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<v Speaker 5>Time to talk.

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<v Speaker 1>President Trump says the US will hold direct talks with

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<v Speaker 1>Iran about its nuclear program. He also warned that Iranians

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<v Speaker 1>or warned Iranians yesterday that they would be in great

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<v Speaker 1>danger if they don't reach an agreement to end Iran's

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<v Speaker 1>nuclear weapons program. Tehran has confirmed the talks, but said

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<v Speaker 1>that they will be indirect talks through a mediator. China

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<v Speaker 1>has threatened to resolutely take count measures if President Trump

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<v Speaker 1>raises tariffs in additional fifty percent, as we were just

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<v Speaker 1>talking about with Karen Travers. Trump said yesterday he's thinking

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<v Speaker 1>about the extra tariffs if China imposes thirty four percent

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<v Speaker 1>tariffs on the US. The US is imposing thirty four

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<v Speaker 1>percent tariffs on China in retaliation for its current tariffs

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<v Speaker 1>against the US, goes back and forth. That's raising concerns

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<v Speaker 1>about a global trade war. TV sports personality Stephen A.

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<v Speaker 1>Smith says he is leaving all doors open in regards

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<v Speaker 1>to a presidential bid. Smith said in a post on

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<v Speaker 1>X that life was great and he hates the thought

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<v Speaker 1>of being a politician, but he's sick of this mess.

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<v Speaker 1>He has been critical of both sides at times, pushing

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<v Speaker 1>for the Democratic Party to refocus on key issues for

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<v Speaker 1>voters and going after Republicans for entertaining the idea of

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<v Speaker 1>a third Trump term. New data from Health and Human

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<v Speaker 1>Services shows allergies are lingering longer in ABC's Michelle Friends,

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<v Speaker 1>and says the season is starting earlier due to changes

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<v Speaker 1>in the weather.

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<v Speaker 5>Research shows tree pallin his pa gain and grass pollen

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<v Speaker 5>season is not only getting longer, but getting more intense,

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<v Speaker 5>she says.

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<v Speaker 1>Health and Human Services says rising temperatures are leading to

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<v Speaker 1>milder winters and more frost free days, which confuses trees

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<v Speaker 1>and other blooms and brings more pollen. Three teenagers have

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<v Speaker 1>been accused of attacking and easter bunny at All in Florida.

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<v Speaker 1>Willis say the bunny was hopping along for a break

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<v Speaker 1>at Coastland Center Mall on Sunday afternoon when two thirteen

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<v Speaker 1>year olds and a fourteen year old allegedly attacked the

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<v Speaker 1>fluffy rabbit. Two of the kids were arrested, the thirteen

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<v Speaker 1>year olds, the other was sighted. The bunny wasn't seriously hurt.

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<v Speaker 5>The Port of.

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<v Speaker 1>Los Angeles's executive director says President Trump's tariffs could lead

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<v Speaker 1>to a slow down in world trade. Jeane Soroca says

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<v Speaker 1>he's worried there could be a pause in business investment,

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<v Speaker 1>job losses, and higher prices. He says tariffs could also

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<v Speaker 1>disrupt or delay efforts to rebuild homes following the Palisades

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<v Speaker 1>and Eaten fires. The Supreme courts allowed the Trump administration

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<v Speaker 1>to use an eighteenth century wartime law to deport Venezuelan migrants,

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<v Speaker 1>but says they must get a court hearing before they

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<v Speaker 1>are taken from the United States. We're going to check

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<v Speaker 1>in with ABC Stephen Portnoy on that in just one moment.

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<v Speaker 1>Stock features are up this morning before the opening bell,

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<v Speaker 1>Two of the three major stock indexes closed down again

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<v Speaker 1>yesterday as Trump's tariffs continue to rattle Wall Street. At

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<v Speaker 1>the closing bell, the Dow Jones was down three hundred

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<v Speaker 1>and forty nine, SMP five hundred was off eleven, and

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<v Speaker 1>the Nasdaq closed up fifteen.

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<v Speaker 5>At six oh five.

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<v Speaker 1>It's handle on the news course, handled back from his

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<v Speaker 1>vacation and honeymoon and marriage China, says Trump's threat of

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<v Speaker 1>new tariffs is a mistake upon a mistake. Okay, let's

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<v Speaker 1>say good morning to ABC's Stephen Portnoy. Stephen, a couple

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<v Speaker 1>decisions from the Supreme Court yesterday. Can you tell us

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<v Speaker 1>about what the Justice has said about the guy from

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<v Speaker 1>Maryland that we talked about, who the White House admitted

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<v Speaker 1>it mistakenly swept up in a nice deportation.

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<v Speaker 2>This is going to be a bit complicated, so let's

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<v Speaker 2>walk through it carefully. Amy, we're talking about different things

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<v Speaker 2>here and lots of balls in the air. You asked

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<v Speaker 2>about the case of Kilmar Abrego Garcia. This is a

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<v Speaker 2>man who had been living in Maryland for many years,

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<v Speaker 2>wife and kids, married to an American citizen, was swept up,

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<v Speaker 2>as you describe it, last month in ways we don't

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<v Speaker 2>fully understand, and having not been fully explained in court,

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<v Speaker 2>but was sent mistakenly back to his native country of

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<v Speaker 2>El Salvador, where the immigration court had said he would

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<v Speaker 2>not be sent because he fled that country. The judge

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<v Speaker 2>believed this, The immigration judge believed it, fearing violence from

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<v Speaker 2>a gang eighteen. Well, the government says he's a member

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<v Speaker 2>of MS thirteen, a different gang with a different number,

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<v Speaker 2>And the immigration judge said, well, I see this evidence,

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<v Speaker 2>but we're still not going to deport you to your

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<v Speaker 2>home country. And they did, all right, So what's to

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<v Speaker 2>be done about or this man who's now in a

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<v Speaker 2>prison in l Salvador. He didn't commit a crime there,

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<v Speaker 2>and there's no evidence or allegation he committed a crime here.

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<v Speaker 2>So why is he in prison? Well, we don't know,

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<v Speaker 2>and what's to be done about it. The judge in

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<v Speaker 2>Maryland said to the government, go fetch him and bring

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<v Speaker 2>him back, and you have until midnight Monday, midnight Tuesday, whatever.

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<v Speaker 5>Last night.

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<v Speaker 2>Well, the Chief Justice of the Supreme Court, Chief Justice

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<v Speaker 2>of the United States, John Roberts, issued a stay and

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<v Speaker 2>said just a minute hold on. It's not a final

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<v Speaker 2>ruling on that. We await further word from the High

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<v Speaker 2>Court as to what should happen with kilmar Abrego. Garcia

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<v Speaker 2>put that aside for a moment because the bigger headline

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<v Speaker 2>last night was the five to four decision by the

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<v Speaker 2>Supreme Court with respect to the Alien Enemies Act. And

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<v Speaker 2>this gets in the question of whether Judge James Boseburg,

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<v Speaker 2>who issued that order to turn the planes around in

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<v Speaker 2>the air, whether he has a role to play the

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<v Speaker 2>five to four split on the Supreme Court, as the

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<v Speaker 2>majority said saying no, the Chief that the Judge Boseburg

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<v Speaker 2>has no role here because the case was not brought

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<v Speaker 2>in the proper venue. The ACLU went into court here

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<v Speaker 2>in Washington, d C. A few weeks ago to say, hey,

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<v Speaker 2>we're hearing that the Trump administration is bringing all these

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<v Speaker 2>men together in a jail in Texas and they're going

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<v Speaker 2>to be flown out in secret to l Salvador, and

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<v Speaker 2>the President's going to invoke a wartime authority that hasn't

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<v Speaker 2>been used since World War Two, and you've got to

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<v Speaker 2>do something, judge, And they judge said, all right, well,

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<v Speaker 2>let's let's put a pause on that. Turn the planes around.

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<v Speaker 2>We have to assess whether the law is being followed

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<v Speaker 2>and carefully applied here. And the administration said, no, we're

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<v Speaker 2>going to keep those planes in the air. We're going

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<v Speaker 2>to land them in El Salvador. And there's nothing you

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<v Speaker 2>can do about a judge, it's beyond your jurisdiction. Last night,

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<v Speaker 2>the Supreme Court said that the administration has a point

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<v Speaker 2>here that the real proper way to do this is

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<v Speaker 2>to bring a challenge in the district where these men

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<v Speaker 2>were being held. No one was being held here in Washington,

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<v Speaker 2>d C. They were being held in Texas. So you

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<v Speaker 2>have to go to court in Texas. ACLU okay. But

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<v Speaker 2>the justice is said in their opinion last night, all

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<v Speaker 2>of them said that going forward, every detainee who would

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<v Speaker 2>be deported under the Alien Enemies Act must first be

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<v Speaker 2>given notice and the chance to seek a judge's review.

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<v Speaker 2>In Texas or wherever else they're being held prior to

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<v Speaker 2>their deportation, which is not what the administration was doing here,

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<v Speaker 2>and it's not what happened to those hundreds of people

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<v Speaker 2>who were sent to l Salvador last month. They were

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<v Speaker 2>just picked up and sent out of the country because

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<v Speaker 2>the President signed a proclamation without any judicial review. And

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<v Speaker 2>the High Court said last night that's not the way

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<v Speaker 2>this has to work going forward.

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<v Speaker 5>Okay, wow, you're right, that is a lot too unpacked.

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<v Speaker 1>So the court the decision was split, if I'm understanding

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<v Speaker 1>you correctly, on whether it should be able to move forward,

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<v Speaker 1>but it still isn't done yet. They just it has

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<v Speaker 1>to be tried or be heard in Texas now because

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<v Speaker 1>DC doesn't really have standing.

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<v Speaker 2>Yeah, basically because the men aren't here. Right, you know

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<v Speaker 2>what role would a court in Washington play? I mean,

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<v Speaker 2>what the a CLU was trying to do was say

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<v Speaker 2>that the administration didn't follow the proper procedures, and under

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<v Speaker 2>a certain law called the Administrative Procedure Act, there's a

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<v Speaker 2>way to challenge the action of an administration here in Washington,

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<v Speaker 2>d C. The High Court said, no, not in this case,

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<v Speaker 2>because these are individuals who are alleged to be alien enemies.

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<v Speaker 2>They have rights, but the proper way to exercise those

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<v Speaker 2>rights is in the places where they are physically present.

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<v Speaker 1>Okay, So then, Stephen, can the deportations begin again while

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<v Speaker 1>it plays out in court?

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<v Speaker 2>The answer is no. And I say no because what

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<v Speaker 2>the court said last night, and I'll quote directly, It's

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<v Speaker 2>said here that as of this order, the detainees must

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<v Speaker 2>receive notice that they are subject to removal under the Act.

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<v Speaker 2>The notice must be afforded within a reasonable time and

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<v Speaker 2>in such a manner as will allow them to actually

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<v Speaker 2>seek habeas relief and the proper venue before such removal occurs.

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<v Speaker 2>They are entitled to notice and an opportunity to challenge

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<v Speaker 2>their removal. The only question is which court will resolve

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<v Speaker 2>that challenge. So the bottom line is the Supreme Court

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<v Speaker 2>put curbs in place here, pretty significant curbs. It said,

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<v Speaker 2>you've got to provide these men with paperwork. They've got

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<v Speaker 2>to have the opportunity to consult attorneys. They've got to

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<v Speaker 2>have the opportunity to have those attorneys go into court.

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<v Speaker 2>And there has to be an opportunity for a judge

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<v Speaker 2>to review two questions, Whether the President is properly invoking

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<v Speaker 2>his authority here and whether these individuals are actually alien

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<v Speaker 2>enemies because up until well now, there's been no way

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<v Speaker 2>to question the administration's position on that. Okay, And the

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<v Speaker 2>High Court affirmed that there is a review that has

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<v Speaker 2>to happen here.

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<v Speaker 1>Okay, So it was sort of a win and Trump

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<v Speaker 1>and the administration is like, yeah, we won, but that's

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<v Speaker 1>not really the case.

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<v Speaker 2>If anyone who says that didn't read what.

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<v Speaker 5>I just saw.

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<v Speaker 1>Yeah, okay, So deportations can't start yet, they're technically allowed,

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<v Speaker 1>but after due process, is that right?

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<v Speaker 2>Well, what happened last night, Yes, what happened last night

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<v Speaker 2>was the judge who ruled James Boseburg. He's basically been

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<v Speaker 2>cut out of this and he put in a place

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<v Speaker 2>of a number of orders over the last few weeks,

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<v Speaker 2>it said, and he's been asking questions about whether his

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<v Speaker 2>orders were followed, and there's actually a hearing in that

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<v Speaker 2>this afternoon. I wonder where that lies. And it's really

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<v Speaker 2>kind of sort of an open question that the Justice Department,

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<v Speaker 2>after the Supreme Court issued its ruling last night, went

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<v Speaker 2>back to Judge Boseburg and said, you know, it's time

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<v Speaker 2>to dismiss all your back and forth with us, We're

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<v Speaker 2>not interested in you know, you have to take the

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<v Speaker 2>hint from the Supreme Court and back yourself out of this.

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<v Speaker 2>We'll see how that plays out. But look, the point is,

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<v Speaker 2>and this has to be understood. The Supreme Court said,

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<v Speaker 2>there is a role for the courts to play. The

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<v Speaker 2>administration's position up until now has been there is no

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<v Speaker 2>role for the judges. Supreme Court said, know, there definitely is,

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<v Speaker 2>and these individual men have to be provided with notice

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<v Speaker 2>and an opportunity to challenge their removal.

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<v Speaker 5>Okay, all right, well, thank you so much.

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<v Speaker 1>As always, as you guys know, Steven is so great

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<v Speaker 1>about peeling back the onions because things appear one way

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<v Speaker 1>on the service, but when you really take a deep

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<v Speaker 1>look at them, they don't always turn out as they

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<v Speaker 1>you know, first as you first thought. So appreciate you

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<v Speaker 1>clarifying that in bringing us that information, and we'll look

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<v Speaker 1>forward to seeing what happens next.

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<v Speaker 5>You bet, all right, thanks Steven.

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<v Speaker 1>Officials in La County s they a person in a

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<v Speaker 1>position of trust murdered a teenage boy.

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<v Speaker 10>Murder charges have been announced against the soccer coach of

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<v Speaker 10>a thirteen year old boy found dead in Ventura County,

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<v Speaker 10>LA County DA Nathan Hockman says Mario Garcia Aquino may

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<v Speaker 10>have other victims.

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<v Speaker 2>We are seeking anyone who recognizes this particular individual as.

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<v Speaker 5>Someone that victimized them to come forward to law enforcement.

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<v Speaker 10>Garcia a Queena has been in custody since last week,

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<v Speaker 10>when he was arrested on an unrelated assault charge. Oscar

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<v Speaker 10>Omar Hernandez said he was going to visit Garcia Aquino

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<v Speaker 10>in the Antelope Valley. His body was found last week

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<v Speaker 10>in Oxnard. Michael Krozer KFI News.

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<v Speaker 1>The alleged gang leader and so called rap godfather Eugene

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<v Speaker 1>Henley Junior, known as Big U, is doing court in LA.

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<v Speaker 1>He's named in a forty three count federal indictment accusing

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<v Speaker 1>him of racketeering, fraud, extortion, and embezzlement.

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<v Speaker 5>Henley has denied the allegations.

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<v Speaker 1>California Democratic Senator Adam Schiff has announced new legislation to

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<v Speaker 1>offer federal tax credits to people rebuilding from the wildfires.

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<v Speaker 11>The Freshman Democrat says the credit would cover half the

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<v Speaker 11>cost of upgrades like fire resistant roofs, capped at twenty

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<v Speaker 11>five thousand dollars for families making under two hundred thousand

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<v Speaker 11>a year. Shift tells KFI as the Palisades and Altadena rebuild,

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<v Speaker 11>better materials are necessary to prevent future disasters.

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<v Speaker 3>If we can harden more homes, we can save not

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<v Speaker 3>only that home, but potentially they're neighborhood.

425
00:22:00.640 --> 00:22:04.559
<v Speaker 11>Schiff has introduced the bill alongside Republican Montana Senator Tim Sheehy,

426
00:22:04.880 --> 00:22:07.359
<v Speaker 11>and the tax credits would be available across the country

427
00:22:07.359 --> 00:22:11.160
<v Speaker 11>for a variety of natural disasters. Michael Monks KFI news.

428
00:22:11.160 --> 00:22:14.119
<v Speaker 1>LA School District may face an audit over arts funding.

429
00:22:14.359 --> 00:22:17.440
<v Speaker 1>Democrat Assembly Member Isaac Bryan has called for the audit

430
00:22:17.480 --> 00:22:21.920
<v Speaker 1>following a lawsuit alleging the district defrauded taxpayers of millions

431
00:22:21.960 --> 00:22:25.039
<v Speaker 1>of dollars. At issue is seventy seven million dollars raised

432
00:22:25.079 --> 00:22:28.680
<v Speaker 1>by Proposition twenty eight to hire arts teachers that the

433
00:22:28.759 --> 00:22:33.680
<v Speaker 1>lawsuit claims was used on existing staff. Superintendent Alberto Carvallo

434
00:22:33.759 --> 00:22:35.759
<v Speaker 1>says it was a misunderstanding of the law and he's

435
00:22:35.839 --> 00:22:39.359
<v Speaker 1>working on a quick resolution to the matter. LA Mayor

436
00:22:39.400 --> 00:22:42.319
<v Speaker 1>Bass say is clearing hazardous debris from the deadly wildfires

437
00:22:42.319 --> 00:22:44.920
<v Speaker 1>in January has been done faster than any other disaster

438
00:22:45.440 --> 00:22:49.039
<v Speaker 1>in EPA history. Mass credits the Trump administration for the

439
00:22:49.160 --> 00:22:52.480
<v Speaker 1>speed of the debris removal. A group of lawmakers is

440
00:22:52.599 --> 00:22:55.279
<v Speaker 1>making a push to let bars stay open later. The

441
00:22:55.359 --> 00:22:59.359
<v Speaker 1>lawmakers say a proposed bill would create so called hospitality

442
00:22:59.480 --> 00:23:02.119
<v Speaker 1>zones love cities to extend last call to four am

443
00:23:02.160 --> 00:23:06.519
<v Speaker 1>on Friday, Saturdays and state holidays. San Francisco Assemblyman Matt

444
00:23:06.519 --> 00:23:09.440
<v Speaker 1>Haney says it could boost tourism and help local businesses.

445
00:23:10.000 --> 00:23:14.039
<v Speaker 1>La Rams owner Stan Kronki is planning to build a

446
00:23:14.079 --> 00:23:16.799
<v Speaker 1>state of the art team headquarters and training facility in

447
00:23:16.839 --> 00:23:20.839
<v Speaker 1>Woodland Hills known as Rams Village. Construction on the ten

448
00:23:20.920 --> 00:23:23.799
<v Speaker 1>billion dollar project could start as early as twenty twenty seven.

449
00:23:24.119 --> 00:23:28.000
<v Speaker 1>Let's say good morning now to ABC's Mike Dubuski. So, Mike,

450
00:23:28.240 --> 00:23:32.079
<v Speaker 1>Nintendo switch To. There could be a little switch aaroo

451
00:23:32.160 --> 00:23:32.759
<v Speaker 1>in the works.

452
00:23:33.240 --> 00:23:37.240
<v Speaker 3>Yeah, especially with relation to their pre order date when

453
00:23:37.279 --> 00:23:39.440
<v Speaker 3>you can kind of PLoP down some money for one

454
00:23:40.160 --> 00:23:43.799
<v Speaker 3>ahead of the actual shipping date for this hotly anticipated

455
00:23:43.839 --> 00:23:47.000
<v Speaker 3>gaming device. The switch to has been a huge sort

456
00:23:47.039 --> 00:23:49.440
<v Speaker 3>of draw for a Nintendo or the Switch brand has

457
00:23:49.480 --> 00:23:52.880
<v Speaker 3>when the switch one launched back in twenty seventeen. It

458
00:23:52.960 --> 00:23:56.319
<v Speaker 3>eventually grew to about one hundred and fifty million units

459
00:23:56.319 --> 00:24:00.079
<v Speaker 3>in sales. That's a huge sales success for Nintendo. So

460
00:24:00.519 --> 00:24:02.759
<v Speaker 3>the new one was unveiled last week. The switch too.

461
00:24:02.880 --> 00:24:07.240
<v Speaker 3>It's got a new bigger screen. It supports four K televisions,

462
00:24:07.240 --> 00:24:08.960
<v Speaker 3>which means you can kind of plug it into your

463
00:24:09.279 --> 00:24:12.000
<v Speaker 3>higher FIDELEDTV, and then, of course, because it's a switch,

464
00:24:12.039 --> 00:24:14.640
<v Speaker 3>you can switch it to a portable gaming device. You

465
00:24:14.640 --> 00:24:16.759
<v Speaker 3>can kind of pick up the screen from its docking station,

466
00:24:16.880 --> 00:24:20.319
<v Speaker 3>connect some controllers, and then on you go. All of

467
00:24:20.359 --> 00:24:22.119
<v Speaker 3>that does come with a bit of a price bump.

468
00:24:22.119 --> 00:24:24.079
<v Speaker 3>The old switch was three hundred bucks. The new one

469
00:24:24.160 --> 00:24:27.680
<v Speaker 3>is four hundred and fifty. The head of Nintendo North

470
00:24:27.720 --> 00:24:30.640
<v Speaker 3>America says that the tariffs that we've been discussing for

471
00:24:30.680 --> 00:24:32.759
<v Speaker 3>the last week or so did not play a role

472
00:24:33.000 --> 00:24:36.359
<v Speaker 3>in the company's decision to raise prices. However, amy the

473
00:24:36.359 --> 00:24:38.440
<v Speaker 3>tariffs do seem to be having an effect. The switch

474
00:24:38.480 --> 00:24:41.279
<v Speaker 3>to was unveiled, as I said, Wednesday morning. The tariffs

475
00:24:41.279 --> 00:24:45.519
<v Speaker 3>were announced Wednesday after noon. On Friday, Nintendo delayed the

476
00:24:45.640 --> 00:24:48.400
<v Speaker 3>date when pre orders were supposed to open. They were

477
00:24:48.400 --> 00:24:51.480
<v Speaker 3>supposed to open tomorrow. Now they are putting that on

478
00:24:51.559 --> 00:24:55.200
<v Speaker 3>an indefinite hold in order to assess the potential impact

479
00:24:55.279 --> 00:24:59.359
<v Speaker 3>of tariffs an evolving market condition, so just another effect

480
00:24:59.480 --> 00:25:01.240
<v Speaker 3>of tariff hitting the gaming space.

481
00:25:01.359 --> 00:25:02.279
<v Speaker 5>And where are they made?

482
00:25:02.799 --> 00:25:06.240
<v Speaker 3>So predominantly the Switch one was made in China. Nintendo

483
00:25:06.319 --> 00:25:09.000
<v Speaker 3>has made efforts in recent years to shift production to

484
00:25:09.000 --> 00:25:12.640
<v Speaker 3>places like Vietnam and Cambodia, but all of those places

485
00:25:12.640 --> 00:25:15.039
<v Speaker 3>do see some pretty hefty tariffs, not on the level

486
00:25:15.039 --> 00:25:18.519
<v Speaker 3>of China necessarily, but you know, in the high forty

487
00:25:18.559 --> 00:25:22.480
<v Speaker 3>percent range of the President's tariffs. It appears that Nintendo

488
00:25:22.559 --> 00:25:25.799
<v Speaker 3>might be waiting on the outcome of these rumored negotiations

489
00:25:26.039 --> 00:25:28.359
<v Speaker 3>that are coming down the pike with various countries before

490
00:25:28.400 --> 00:25:31.480
<v Speaker 3>moving forward with pre orders. But in that time, the

491
00:25:31.519 --> 00:25:34.400
<v Speaker 3>rest of the world will have, you know, the ability

492
00:25:34.440 --> 00:25:36.759
<v Speaker 3>to put down some money to pre order this device,

493
00:25:36.960 --> 00:25:39.200
<v Speaker 3>which means that by the time that Americans get the

494
00:25:39.200 --> 00:25:41.559
<v Speaker 3>opportunity to do so, they're going to be a little

495
00:25:41.599 --> 00:25:43.000
<v Speaker 3>bit further back in the line.

496
00:25:43.559 --> 00:25:46.119
<v Speaker 1>Okay, so we get to wait, are they going They're

497
00:25:46.119 --> 00:25:48.680
<v Speaker 1>going to go and sale in other areas though.

498
00:25:48.759 --> 00:25:51.480
<v Speaker 3>The shipping date is staying the same. So when they

499
00:25:51.480 --> 00:25:54.200
<v Speaker 3>made this announcement last week, they said that the device

500
00:25:54.279 --> 00:25:55.720
<v Speaker 3>was going to ship, it was going to show up

501
00:25:55.720 --> 00:25:59.079
<v Speaker 3>in stores on June fifth. They say that date is holding.

502
00:25:59.359 --> 00:26:02.119
<v Speaker 3>We just don't know when pre orders are going to

503
00:26:02.160 --> 00:26:04.880
<v Speaker 3>become available just yet. But again, given the sort of

504
00:26:04.960 --> 00:26:08.240
<v Speaker 3>uncertainty in the markets right now, it's unclear whether that's

505
00:26:08.279 --> 00:26:10.839
<v Speaker 3>actually going to hold or not, or whether the four

506
00:26:10.920 --> 00:26:13.160
<v Speaker 3>hundred and fifty dollars price tag, which again was one

507
00:26:13.240 --> 00:26:15.400
<v Speaker 3>hundred and fifty bucks more than the old one, he's

508
00:26:15.480 --> 00:26:17.480
<v Speaker 3>going to stay where it is. And we haven't even

509
00:26:17.519 --> 00:26:20.400
<v Speaker 3>talked about more expensive games that are coming down the

510
00:26:20.400 --> 00:26:23.160
<v Speaker 3>pike or the accessories, which means that if you're a

511
00:26:23.240 --> 00:26:26.000
<v Speaker 3>Nintendo fan, this is getting to be a pretty pricey proposition.

512
00:26:26.119 --> 00:26:28.839
<v Speaker 1>Okay, we'll save that for another day. ABC's Mike Dubuski,

513
00:26:28.920 --> 00:26:31.200
<v Speaker 1>thank you so much for your time and information this morning.

514
00:26:31.359 --> 00:26:33.400
<v Speaker 5>Of course, Amy Takareka, it's time.

515
00:26:33.240 --> 00:26:36.200
<v Speaker 1>To get in your business with Bloomberg's Courtney Donaho. And

516
00:26:36.279 --> 00:26:39.640
<v Speaker 1>of course we're talking about things like switch to costing

517
00:26:39.680 --> 00:26:42.759
<v Speaker 1>more and everything costing more. But first let's take a

518
00:26:42.799 --> 00:26:46.799
<v Speaker 1>look at the stock market and what we're expecting today,

519
00:26:46.799 --> 00:26:48.960
<v Speaker 1>because right now things are looking a heck of a

520
00:26:49.000 --> 00:26:50.759
<v Speaker 1>lot better than they have for the last few days.

521
00:26:51.839 --> 00:26:54.799
<v Speaker 4>Yes, well, speaking of costing more, it costs us a

522
00:26:54.839 --> 00:26:57.319
<v Speaker 4>lot over the past couple of days, and I want

523
00:26:57.319 --> 00:27:00.279
<v Speaker 4>to point out it was such a manic Monday, and

524
00:27:00.319 --> 00:27:03.359
<v Speaker 4>now we might be seeing a turnaround Tuesday of the

525
00:27:03.400 --> 00:27:07.000
<v Speaker 4>market chaos, unleashed by the trade war continued for a

526
00:27:07.079 --> 00:27:10.200
<v Speaker 4>third day Yesterday. It was such a wild drive to

527
00:27:10.960 --> 00:27:15.400
<v Speaker 4>really hammer this home because stocks open sharply lower, only

528
00:27:15.480 --> 00:27:19.000
<v Speaker 4>to briefly spike as rumors were racing across training floors

529
00:27:19.039 --> 00:27:20.960
<v Speaker 4>all throughout the morning that the President was going to

530
00:27:20.960 --> 00:27:25.440
<v Speaker 4>delay his tariffs. Now those hopes faded, sinking prices again,

531
00:27:25.519 --> 00:27:28.839
<v Speaker 4>but those rumors that the President was pausing tariffs that

532
00:27:28.960 --> 00:27:32.119
<v Speaker 4>sparked a two and a half trillion dollar rally in

533
00:27:32.319 --> 00:27:35.680
<v Speaker 4>just seven minutes. Seven minutes. It just shows you how

534
00:27:35.759 --> 00:27:38.960
<v Speaker 4>everybody's grasping for hopes in some way. At the end

535
00:27:38.960 --> 00:27:40.880
<v Speaker 4>of the day, the markets did close down, but not

536
00:27:41.000 --> 00:27:44.079
<v Speaker 4>as dramatically as we did last Thursday and Friday. The

537
00:27:44.200 --> 00:27:46.960
<v Speaker 4>Dow finished down three hundred and forty nine points, the

538
00:27:47.039 --> 00:27:49.119
<v Speaker 4>S and P five hundred, tel two tenths of a percent.

539
00:27:49.119 --> 00:27:51.839
<v Speaker 4>But it's looking a lot better today on Wall Street

540
00:27:51.839 --> 00:27:54.559
<v Speaker 4>without futures of more than a thousand points right.

541
00:27:54.480 --> 00:27:56.599
<v Speaker 5>Now, Okay, we'll keep our fingers crossed at that hold.

542
00:27:56.680 --> 00:27:58.519
<v Speaker 1>But yeah, you were talking about those wild swings when

543
00:27:58.559 --> 00:28:00.920
<v Speaker 1>I was because I've been watching the stock well like

544
00:28:00.960 --> 00:28:04.920
<v Speaker 1>everybody has, but watching it, and it was down like

545
00:28:05.200 --> 00:28:08.880
<v Speaker 1>fourteen or fifteen hundred in early trading yesterday, and then

546
00:28:09.079 --> 00:28:11.039
<v Speaker 1>all of a sudden, it spiked and it was up

547
00:28:11.079 --> 00:28:13.880
<v Speaker 1>five hundred and fifty, and that's probably the moment that

548
00:28:14.039 --> 00:28:16.920
<v Speaker 1>everybody went, oh, there might be a reprieve. But that

549
00:28:17.039 --> 00:28:21.200
<v Speaker 1>was a two thousand point swing in like five minutes.

550
00:28:21.640 --> 00:28:26.000
<v Speaker 4>As one trader we talked to said, it's just madness

551
00:28:26.400 --> 00:28:28.759
<v Speaker 4>when you come to look at something like that, because

552
00:28:28.920 --> 00:28:32.000
<v Speaker 4>that is completely abnormal in the markets. For those who

553
00:28:32.000 --> 00:28:36.079
<v Speaker 4>are not real market observers, a swing like that is

554
00:28:36.160 --> 00:28:39.839
<v Speaker 4>just absolutely unbelievable. But it just shows you how much

555
00:28:39.920 --> 00:28:42.599
<v Speaker 4>everybody on Wall Street is holding out hope that there's

556
00:28:42.680 --> 00:28:44.759
<v Speaker 4>going to be some sort of reprieve when it comes

557
00:28:44.759 --> 00:28:47.720
<v Speaker 4>to tariffs, and that we're not going to be having

558
00:28:47.799 --> 00:28:50.880
<v Speaker 4>any sort And I believe that's one of the reasons

559
00:28:50.920 --> 00:28:53.880
<v Speaker 4>beyond buying the dip today, where all right stocks have

560
00:28:53.960 --> 00:28:56.319
<v Speaker 4>come off so traders are jumping back in the market.

561
00:28:56.880 --> 00:29:00.680
<v Speaker 4>We haven't had any really crazy headlines coming out of

562
00:29:00.839 --> 00:29:05.799
<v Speaker 4>China for example, and that seems to have stabilized the

563
00:29:05.839 --> 00:29:08.319
<v Speaker 4>markets just a little bit this morning, that we're not

564
00:29:08.359 --> 00:29:11.359
<v Speaker 4>seeing the wild swings that we saw yesterday.

565
00:29:12.079 --> 00:29:15.160
<v Speaker 5>But you know what, the bell hasn't rung yet.

566
00:29:18.759 --> 00:29:22.680
<v Speaker 4>You know, any with any headline, we are seeing lots

567
00:29:22.680 --> 00:29:25.039
<v Speaker 4>of moves, lots of changes, So you have to you

568
00:29:25.079 --> 00:29:27.880
<v Speaker 4>have to brace for this. But one of the things

569
00:29:27.880 --> 00:29:30.599
<v Speaker 4>that is so important, especially in times like this, is

570
00:29:30.640 --> 00:29:33.119
<v Speaker 4>to not panic and make sure you talk to your

571
00:29:33.160 --> 00:29:37.599
<v Speaker 4>financial advisor about this, because if you have a long

572
00:29:37.680 --> 00:29:42.079
<v Speaker 4>term investment strategy, for example, you're retiring many many years

573
00:29:42.119 --> 00:29:44.599
<v Speaker 4>from now, it might be worth it to stay the

574
00:29:44.680 --> 00:29:48.440
<v Speaker 4>course in what you're doing. So it's worth it to

575
00:29:48.519 --> 00:29:53.079
<v Speaker 4>talk about your financial strategies with your financial advisor and

576
00:29:53.720 --> 00:29:56.400
<v Speaker 4>then make the decisions from there with with somewhat of

577
00:29:56.440 --> 00:29:59.720
<v Speaker 4>a clear head as opposed to panicked decision.

578
00:30:00.000 --> 00:30:01.039
<v Speaker 5>Okay, and before we let you.

579
00:30:01.000 --> 00:30:05.200
<v Speaker 1>Go, do tariffs have people rushing to the Apple store?

580
00:30:06.319 --> 00:30:10.160
<v Speaker 4>Yes, and no doubt about it, they're looking to buy iPhones.

581
00:30:10.200 --> 00:30:13.279
<v Speaker 4>Customer shoppers are worried that prices obviously are going to

582
00:30:13.359 --> 00:30:16.880
<v Speaker 4>climb dramatically after the duties are imposed. I want to

583
00:30:16.920 --> 00:30:20.480
<v Speaker 4>point out that most iPhones are manufactured in China that's

584
00:30:20.480 --> 00:30:23.799
<v Speaker 4>in line for tariffs of fifty four percent. So the stores,

585
00:30:23.839 --> 00:30:25.920
<v Speaker 4>some of the workers there are saying, well, we're not

586
00:30:26.400 --> 00:30:29.000
<v Speaker 4>being the kind of lines that come with an iPhone launch.

587
00:30:29.119 --> 00:30:31.680
<v Speaker 4>But the atmosphere is kind of like a busy holiday

588
00:30:31.720 --> 00:30:34.160
<v Speaker 4>season right now, so lots of people running and getting

589
00:30:34.160 --> 00:30:36.920
<v Speaker 4>their iPhones before they think that the tariffs are going

590
00:30:36.960 --> 00:30:39.160
<v Speaker 4>to come down on them. Okay, bloomberrim prices go.

591
00:30:39.160 --> 00:30:42.240
<v Speaker 1>Up, Bloomberg's Courtney Donaho, thanks for getting in your business

592
00:30:42.279 --> 00:30:42.960
<v Speaker 1>with us this morning.

593
00:30:43.039 --> 00:30:44.440
<v Speaker 5>Let's do it again tomorrow, shall.

594
00:30:44.240 --> 00:30:46.880
<v Speaker 4>We no doubt about it? Be water?

595
00:30:47.039 --> 00:30:47.920
<v Speaker 5>Thanks Courtney.

596
00:30:48.039 --> 00:30:50.759
<v Speaker 1>Of course we talk to Courtney every morning at five

597
00:30:50.759 --> 00:30:53.160
<v Speaker 1>point forty right here on wake up call. A bill

598
00:30:53.240 --> 00:30:56.400
<v Speaker 1>may soon let people party longer in La and other

599
00:30:56.440 --> 00:30:57.480
<v Speaker 1>cities around California.

600
00:30:57.599 --> 00:31:01.440
<v Speaker 11>The proposal would create hospitality zones merrily in downtown areas

601
00:31:01.440 --> 00:31:04.759
<v Speaker 11>of big cities like La San Francisco. Democratic Assemblyman Matt

602
00:31:04.799 --> 00:31:07.680
<v Speaker 11>Haney announced his bill in downtown LA and says the

603
00:31:07.759 --> 00:31:09.400
<v Speaker 11>change would boost local economies.

604
00:31:09.440 --> 00:31:14.319
<v Speaker 10>World class cities have world class nightlife. We in California

605
00:31:14.440 --> 00:31:16.440
<v Speaker 10>deserve world class nightlife too, if.

606
00:31:16.279 --> 00:31:19.480
<v Speaker 11>Approved hospitality zones would be able to enjoy the extended

607
00:31:19.519 --> 00:31:23.680
<v Speaker 11>last call on Thursdays, Fridays and Saturdays, and designated state holidays.

608
00:31:23.960 --> 00:31:26.200
<v Speaker 11>Right now, last call is two o'clock in the morning.

609
00:31:26.599 --> 00:31:28.279
<v Speaker 11>Michael Monks KFI News.

610
00:31:28.519 --> 00:31:31.440
<v Speaker 1>The National Park Service is restored both a photo of

611
00:31:31.799 --> 00:31:35.079
<v Speaker 1>and a quote attributed to Harriet Tubman to a web

612
00:31:35.079 --> 00:31:38.400
<v Speaker 1>page dedicated to the Underground Railroad. The photo had been

613
00:31:38.440 --> 00:31:41.640
<v Speaker 1>replaced with pictures of postal stamps featuring those connected to

614
00:31:41.680 --> 00:31:44.799
<v Speaker 1>the railroad that caused a huge backlash. The website had

615
00:31:44.839 --> 00:31:49.599
<v Speaker 1>also been modified to change references to enslaved African Americans

616
00:31:49.880 --> 00:31:54.480
<v Speaker 1>to enslaved workers. The Parks Service said any reduction in

617
00:31:54.480 --> 00:31:57.519
<v Speaker 1>Tubman's presence on the site had been made without approval

618
00:31:57.559 --> 00:32:01.079
<v Speaker 1>from the top leadership. More than fifth teen hundred properties

619
00:32:01.079 --> 00:32:03.480
<v Speaker 1>have been cleared and cleaned and are ready for rebuilding,

620
00:32:03.920 --> 00:32:07.079
<v Speaker 1>but La County Supervisor Katherine Barger says not one building

621
00:32:07.119 --> 00:32:10.599
<v Speaker 1>permit has been approved since the fires. She says that's

622
00:32:10.680 --> 00:32:13.200
<v Speaker 1>totally unacceptable. The Board of Supervisors is going to vote

623
00:32:13.240 --> 00:32:16.119
<v Speaker 1>today on creating a permitting authority to help speed up

624
00:32:16.119 --> 00:32:18.920
<v Speaker 1>the process. A soccer coach has been charged with the

625
00:32:18.960 --> 00:32:21.519
<v Speaker 1>murder of a teenager whose body was found in a

626
00:32:21.559 --> 00:32:25.240
<v Speaker 1>wooded area in Oxnard, La County, DA. Nathan Hackman also

627
00:32:25.359 --> 00:32:28.880
<v Speaker 1>charged Mario Garcia a Kino with leude ax on a

628
00:32:28.960 --> 00:32:32.119
<v Speaker 1>sixteen year old boy in an unrelated case from last year.

629
00:32:32.559 --> 00:32:35.000
<v Speaker 1>Tens of thousands of music fans getting ready to converge

630
00:32:35.039 --> 00:32:37.839
<v Speaker 1>on Indio for the first weekend of the twenty twenty

631
00:32:37.839 --> 00:32:41.519
<v Speaker 1>five Coachella Valley Music and Arts Festival. Up to forty

632
00:32:41.559 --> 00:32:45.079
<v Speaker 1>thousand will pack Camp Browns, while others had to sold

633
00:32:45.079 --> 00:32:48.599
<v Speaker 1>out hotels and motels. Others will drive in for the day.

634
00:32:49.079 --> 00:32:52.640
<v Speaker 1>The concerts start on Friday, with Lady Gaga and a

635
00:32:52.680 --> 00:32:55.960
<v Speaker 1>dozen other artists taking the stage. We're just minutes away

636
00:32:55.960 --> 00:32:57.559
<v Speaker 1>from Handle on the news this morning. Good day to

637
00:32:57.559 --> 00:33:01.160
<v Speaker 1>be a Gator, Cougars not so much. Let's say good

638
00:33:01.200 --> 00:33:03.480
<v Speaker 1>morning now to the host of How to Money on KFI.

639
00:33:03.519 --> 00:33:08.240
<v Speaker 1>It's Joel Larsgard. Okay, Joel, Yeah. Markets for you and me,

640
00:33:09.039 --> 00:33:12.559
<v Speaker 1>what is the practical effect of these wild swings and

641
00:33:12.640 --> 00:33:15.160
<v Speaker 1>drops that we're seeing heartburn?

642
00:33:15.319 --> 00:33:18.519
<v Speaker 12>I'm gonna say, is at least one of them right?

643
00:33:18.880 --> 00:33:21.759
<v Speaker 12>I think the like the whip sawing nature. If you're

644
00:33:21.799 --> 00:33:24.680
<v Speaker 12>the kind of person who pays attention to what's happening

645
00:33:24.680 --> 00:33:28.240
<v Speaker 12>with the stock market, most days it probably has you

646
00:33:28.519 --> 00:33:30.079
<v Speaker 12>kind of pulling your hair out a little bit, which

647
00:33:30.119 --> 00:33:33.039
<v Speaker 12>I totally get, which is why one of the suggestions

648
00:33:33.079 --> 00:33:36.319
<v Speaker 12>I make to people who are in the wealth building

649
00:33:36.319 --> 00:33:39.160
<v Speaker 12>phase of their life. They are sticking money in like

650
00:33:39.240 --> 00:33:42.440
<v Speaker 12>clockwork every two weeks dollar cost averaging or maybe even

651
00:33:42.440 --> 00:33:44.640
<v Speaker 12>more than that. But if you are kind of on

652
00:33:44.759 --> 00:33:48.559
<v Speaker 12>the front end of your investing timeline, don't pay attention.

653
00:33:48.759 --> 00:33:52.119
<v Speaker 12>Like I have not looked at my portfolio balance because

654
00:33:52.160 --> 00:33:55.319
<v Speaker 12>I know that if I do, then it's just going

655
00:33:55.359 --> 00:33:57.720
<v Speaker 12>to unnerve me in a way that I don't need

656
00:33:57.720 --> 00:34:00.200
<v Speaker 12>to be unnerved because I have so much time on

657
00:34:00.279 --> 00:34:02.799
<v Speaker 12>my side before I need to access those funds. So yes,

658
00:34:03.240 --> 00:34:06.119
<v Speaker 12>it is frustrating as an investor to see, but in

659
00:34:06.160 --> 00:34:09.679
<v Speaker 12>particular for people who are, hey, I've got a decade

660
00:34:09.719 --> 00:34:14.039
<v Speaker 12>plus before I start tapping my retirement funds, then I

661
00:34:14.079 --> 00:34:17.519
<v Speaker 12>think this is more noise that you don't need to incorporate.

662
00:34:17.559 --> 00:34:19.599
<v Speaker 12>You don't really need to do anything with it. As

663
00:34:19.599 --> 00:34:21.400
<v Speaker 12>an investor, you don't need to make any changes.

664
00:34:21.719 --> 00:34:23.320
<v Speaker 5>Okay, so stay the course.

665
00:34:24.480 --> 00:34:27.519
<v Speaker 12>Yes, I mean, it's easier said than done, I think, right,

666
00:34:27.559 --> 00:34:30.000
<v Speaker 12>it's because when you see market strop as much as

667
00:34:30.039 --> 00:34:32.840
<v Speaker 12>they have the end of last week was insane, and

668
00:34:33.159 --> 00:34:36.280
<v Speaker 12>then you see even what happened yesterday, where a tweet

669
00:34:36.559 --> 00:34:39.519
<v Speaker 12>can send the stock market soaring by eight percent, and

670
00:34:39.519 --> 00:34:41.320
<v Speaker 12>then it's like, wait a second, that was fake news,

671
00:34:41.519 --> 00:34:45.159
<v Speaker 12>and then the stock market it considers investors start pulling

672
00:34:45.159 --> 00:34:48.440
<v Speaker 12>out again. All of that stuff kind of if you're

673
00:34:48.519 --> 00:34:51.199
<v Speaker 12>riding the wave, the day to day wave, the minute

674
00:34:51.199 --> 00:34:53.400
<v Speaker 12>to minute wave, you are going to be freaking out

675
00:34:53.440 --> 00:34:55.840
<v Speaker 12>and you're going to be making changes. And the truth is,

676
00:34:56.000 --> 00:34:59.159
<v Speaker 12>when we're just doing the boring, slow and steady passive

677
00:34:59.679 --> 00:35:02.840
<v Speaker 12>investor approach in index fund just what I talk about

678
00:35:02.960 --> 00:35:06.079
<v Speaker 12>most of the time, or target date funds, then then

679
00:35:06.199 --> 00:35:09.039
<v Speaker 12>all those little machinations, the minute to minute moves shouldn't

680
00:35:09.039 --> 00:35:11.239
<v Speaker 12>matter very much to you at all, and in fact,

681
00:35:11.400 --> 00:35:12.840
<v Speaker 12>you don't have to pay attention to any of it.

682
00:35:13.239 --> 00:35:17.159
<v Speaker 1>Okay, so just just ignore it. This is we're in

683
00:35:17.199 --> 00:35:20.199
<v Speaker 1>this for the long term. Yeah, okay, So I know

684
00:35:20.239 --> 00:35:23.079
<v Speaker 1>I'm going to get that an answer to this question.

685
00:35:23.159 --> 00:35:26.800
<v Speaker 1>But we were talking with Courtney Donahoe from Bloomberg a

686
00:35:26.880 --> 00:35:30.039
<v Speaker 1>minute ago, and one of the topics we didn't get

687
00:35:30.039 --> 00:35:31.960
<v Speaker 1>to was that people are rating their four oh one

688
00:35:32.039 --> 00:35:33.280
<v Speaker 1>k's for emergency cash.

689
00:35:33.320 --> 00:35:36.559
<v Speaker 5>I think I know your answer, but is that okay?

690
00:35:37.079 --> 00:35:40.559
<v Speaker 12>Well, so, now there's recent legislation that allows people to

691
00:35:40.599 --> 00:35:42.360
<v Speaker 12>take a thousand dollars out of their four to oh

692
00:35:42.400 --> 00:35:46.960
<v Speaker 12>one k, you know, essentially no questions asked. And I

693
00:35:47.159 --> 00:35:49.239
<v Speaker 12>you know, a thousand bucks is one thing, I guess,

694
00:35:49.360 --> 00:35:51.599
<v Speaker 12>but when we're talking about taking more than that out

695
00:35:51.599 --> 00:35:53.239
<v Speaker 12>of our four oh one K, I don't think it's

696
00:35:53.239 --> 00:35:56.800
<v Speaker 12>a good idea. And what happens so often in crazy

697
00:35:56.840 --> 00:35:59.239
<v Speaker 12>market spells like this. I still remember in two thousand

698
00:35:59.239 --> 00:36:01.639
<v Speaker 12>and eight talking to friends that I worked with right

699
00:36:01.639 --> 00:36:04.199
<v Speaker 12>who were like, I'm really scared about how much the

700
00:36:04.199 --> 00:36:07.039
<v Speaker 12>market stopping. I am going to take some money out

701
00:36:07.039 --> 00:36:10.639
<v Speaker 12>put it on the sidelines. Well, that has multiple impacts. One,

702
00:36:10.719 --> 00:36:12.679
<v Speaker 12>it's hard to know or you take like if you're

703
00:36:12.679 --> 00:36:15.719
<v Speaker 12>taking money out now after a big drop, you're locking

704
00:36:15.719 --> 00:36:18.079
<v Speaker 12>in those losses, and then you have a really hard

705
00:36:18.119 --> 00:36:20.960
<v Speaker 12>time to know when you should be putting that money

706
00:36:20.960 --> 00:36:23.400
<v Speaker 12>back in. On top of the potential tax consequences of

707
00:36:23.440 --> 00:36:25.760
<v Speaker 12>pulling money out of a four roh one k early.

708
00:36:26.440 --> 00:36:29.000
<v Speaker 12>And so I think your best to leave your retirement

709
00:36:29.000 --> 00:36:32.400
<v Speaker 12>accounts alone. And if at the end of this whole saga,

710
00:36:33.039 --> 00:36:35.519
<v Speaker 12>when the market has steadied a little bit, You say,

711
00:36:35.679 --> 00:36:39.199
<v Speaker 12>I don't. I was emotionally incapable of handling that. Then

712
00:36:39.239 --> 00:36:42.800
<v Speaker 12>you need to have a different approach to your investments.

713
00:36:42.840 --> 00:36:45.440
<v Speaker 12>Let's say you're eighty percent invested in stocks, Well, you

714
00:36:45.519 --> 00:36:47.440
<v Speaker 12>probably need to smooth out the right a little bit

715
00:36:47.480 --> 00:36:51.199
<v Speaker 12>and have a more diversified portfolio because you realize, at

716
00:36:51.280 --> 00:36:54.519
<v Speaker 12>least for yourself emotionally, it's too difficult to handle that

717
00:36:54.719 --> 00:36:57.880
<v Speaker 12>much stock exposure in your life. So that's one thing

718
00:36:57.920 --> 00:37:00.000
<v Speaker 12>to consider. But you don't want to make any massive

719
00:37:00.199 --> 00:37:02.639
<v Speaker 12>changes kind of when all the turmoil is happening.

720
00:37:02.840 --> 00:37:05.840
<v Speaker 1>Okay, So yeah, I think that's kind of the message

721
00:37:05.840 --> 00:37:08.039
<v Speaker 1>that I'm hearing from a lot of people is, you know,

722
00:37:08.360 --> 00:37:11.360
<v Speaker 1>don't have a knee jerk reaction to this, because I

723
00:37:11.400 --> 00:37:13.039
<v Speaker 1>know that we all feel like, oh my god, what's

724
00:37:13.079 --> 00:37:16.480
<v Speaker 1>happening to all my money? But just it's gonna We're

725
00:37:16.519 --> 00:37:17.840
<v Speaker 1>gonna have to write it out. It might be a

726
00:37:17.880 --> 00:37:21.159
<v Speaker 1>little tough, but eventually we should be okay, we hope.

727
00:37:21.599 --> 00:37:24.440
<v Speaker 12>Yeah, And we're starting to see signs at least that

728
00:37:24.559 --> 00:37:29.480
<v Speaker 12>hopefully this tariff regime isn't going to stick around long term,

729
00:37:29.559 --> 00:37:33.079
<v Speaker 12>that this is a negotiation tactic It's hard to tell though, right,

730
00:37:33.119 --> 00:37:35.760
<v Speaker 12>Like it's hard to know what the end game is

731
00:37:35.800 --> 00:37:39.119
<v Speaker 12>here and how this all shakes out, and what sort

732
00:37:39.119 --> 00:37:41.800
<v Speaker 12>of you know, deals we come to with trading partners

733
00:37:41.800 --> 00:37:45.840
<v Speaker 12>around the world. But I think the great thing is

734
00:37:45.960 --> 00:37:48.840
<v Speaker 12>American capitalism of any place in the world, Like we

735
00:37:49.000 --> 00:37:53.519
<v Speaker 12>are the most resilient country. We have incredible businesses that

736
00:37:53.960 --> 00:37:57.280
<v Speaker 12>will find ways to prosper even in a tough environment

737
00:37:57.360 --> 00:37:57.559
<v Speaker 12>like this.

738
00:37:57.880 --> 00:37:59.920
<v Speaker 1>All Right, the host of How to Money on KF

739
00:38:00.199 --> 00:38:03.199
<v Speaker 1>Jewel Larsgard, you can listen to him every Sunday from

740
00:38:03.239 --> 00:38:05.400
<v Speaker 1>noon to two, and just like this morning, he's going

741
00:38:05.440 --> 00:38:07.119
<v Speaker 1>to have more great financial advice for you.

742
00:38:07.159 --> 00:38:08.159
<v Speaker 5>Thank you so much, Joel.

743
00:38:08.280 --> 00:38:08.840
<v Speaker 12>Thanks Amy.

744
00:38:08.840 --> 00:38:10.199
<v Speaker 1>All Right, let's get back to some of the stories

745
00:38:10.239 --> 00:38:12.159
<v Speaker 1>coming out of the KFI twenty four hour newsroom. The

746
00:38:12.320 --> 00:38:15.159
<v Speaker 1>roof of a club has collapsed in the Dominican Republic,

747
00:38:15.280 --> 00:38:16.840
<v Speaker 1>killing at least thirteen people.

748
00:38:17.320 --> 00:38:18.440
<v Speaker 5>Dozens more are hurt.

749
00:38:18.440 --> 00:38:21.599
<v Speaker 1>Officials say CRUZ have been searching for potential survivors in

750
00:38:21.639 --> 00:38:25.000
<v Speaker 1>the rubble at jet Set in Santo Domingo. It's not

751
00:38:25.119 --> 00:38:28.320
<v Speaker 1>clear what caused the collapse. A nine year old girl

752
00:38:28.320 --> 00:38:31.599
<v Speaker 1>in Westminster has helped police catch a suspected Burglar. Police

753
00:38:31.599 --> 00:38:33.800
<v Speaker 1>says she called nine one one early Friday when the

754
00:38:33.800 --> 00:38:35.920
<v Speaker 1>guy smashed a window to get into her family's home.

755
00:38:36.039 --> 00:38:38.039
<v Speaker 4>Nine one Emergency Police are paramedic.

756
00:38:40.480 --> 00:38:42.039
<v Speaker 1>The girl was upstairs and was able to tell the

757
00:38:42.079 --> 00:38:44.599
<v Speaker 1>dispatcher that she heard shouting and banging on a door.

758
00:38:44.920 --> 00:38:46.840
<v Speaker 1>The girl's father, who was in the kitchen, sprayed the

759
00:38:46.840 --> 00:38:49.679
<v Speaker 1>guy with pepper spray and dragged him outside. The alleged

760
00:38:49.760 --> 00:38:52.679
<v Speaker 1>intruder ran off, but was caught in the neighborhood. A

761
00:38:52.719 --> 00:38:54.880
<v Speaker 1>woman and three kids have been rescued from a cliff

762
00:38:54.920 --> 00:38:56.679
<v Speaker 1>and sill Mar. They were in a car that fell

763
00:38:56.719 --> 00:38:59.480
<v Speaker 1>about one hundred and twenty feet down an embankment yesterday.

764
00:38:59.639 --> 00:39:01.840
<v Speaker 1>The kid three, seven and twelve years old. The fire

765
00:39:01.880 --> 00:39:04.880
<v Speaker 1>department says they all have minor injuries.

766
00:39:05.920 --> 00:39:06.960
<v Speaker 5>A man appearing.

767
00:39:06.639 --> 00:39:08.880
<v Speaker 1>Before a New York court got a scolding from a

768
00:39:09.000 --> 00:39:13.239
<v Speaker 1>judge after he tried to use an AI generated avatar.

769
00:39:14.000 --> 00:39:17.000
<v Speaker 1>The case is an employment dispute. The court had given

770
00:39:17.039 --> 00:39:19.599
<v Speaker 1>Jerome de Wald permission to play a video with his

771
00:39:19.800 --> 00:39:22.639
<v Speaker 1>arguments since he didn't have a lawyer, but the presiding

772
00:39:22.719 --> 00:39:25.559
<v Speaker 1>judge halted things pretty quickly when she realized the person

773
00:39:25.639 --> 00:39:30.920
<v Speaker 1>speaking in the video wasn't a real person, but an

774
00:39:31.199 --> 00:39:35.440
<v Speaker 1>artificially artificial intelligence generated avatar.

775
00:39:35.760 --> 00:39:36.000
<v Speaker 5>Hmm.

776
00:39:37.079 --> 00:39:38.840
<v Speaker 1>I wonder how long it took her to realize that

777
00:39:39.519 --> 00:39:44.480
<v Speaker 1>this is KFI and KOST HD two Los Angeles, Orange County, Southland.

778
00:39:44.480 --> 00:39:45.440
<v Speaker 5>Weather from KFI.

779
00:39:45.719 --> 00:39:48.400
<v Speaker 1>Some low clouds hanging around, mainly near the beaches, otherwise

780
00:39:48.440 --> 00:39:50.639
<v Speaker 1>just sunny sky's HIGs in the upper sixties at the beaches,

781
00:39:50.880 --> 00:39:53.639
<v Speaker 1>low to mid seventies for Metro La and Inlando c

782
00:39:54.119 --> 00:39:56.639
<v Speaker 1>mid seventies to mid eighties in the valleys Inland Empire

783
00:39:56.679 --> 00:39:59.360
<v Speaker 1>and Antelote Valley. It's going to warm up tomorrow and Thursday,

784
00:39:59.400 --> 00:40:01.440
<v Speaker 1>with highs in the s seventies at the beach's eighties

785
00:40:01.440 --> 00:40:02.159
<v Speaker 1>to mid nineties.

786
00:40:02.239 --> 00:40:02.599
<v Speaker 5>Inland.

787
00:40:02.800 --> 00:40:05.639
<v Speaker 1>It's fifty five in Los Alamitos, fifty one Santa Clarita,

788
00:40:05.679 --> 00:40:09.599
<v Speaker 1>fifty six in Seal Beach, fifty five in Woodland Hills.

789
00:40:09.679 --> 00:40:12.760
<v Speaker 1>Live from the KFI twenty four hour Newsroom. I'm Amy King.

790
00:40:12.920 --> 00:40:14.880
<v Speaker 1>This has been your wake up call, and if you

791
00:40:14.920 --> 00:40:17.280
<v Speaker 1>missed any wake up call, you can listen anytime.

792
00:40:17.360 --> 00:40:19.840
<v Speaker 5>It's on the iHeartRadio app. Just search wake up Call.

793
00:40:20.079 --> 00:40:22.760
<v Speaker 1>You've been listening to wake up Call with me, Amy King.

794
00:40:23.039 --> 00:40:25.280
<v Speaker 1>You can always hear wake Up call five to six

795
00:40:25.320 --> 00:40:28.639
<v Speaker 1>am Monday through Friday on KFI Am six forty and

796
00:40:28.840 --> 00:40:31.920
<v Speaker 1>anytime on demand on the iHeartRadio app.
