Speaker 1: You're listening to KFI AM six forty wake Up Call
Speaker 1: with Me Amy King on demand on the iHeartRadio app.
Speaker 2: KFI and KOST HD two Los Angeles, Orange County.
Speaker 3: It's time for your morning wake up call.
Speaker 4: Here's Amy King.
Speaker 5: Well, good morning, it's five o'clock. Straight up.
Speaker 1: This is your wake up call for Tuesday, April eighth.
Speaker 1: I'm Amy King. We're live everywhere on the iHeartRadio app.
Speaker 5: Ready for a big Tuesday. I know everybody calls it
Speaker 5: Taco Tuesday. Bill Hand always goes, it's Taco Tuesday, and
Speaker 5: we never get tacos. Kind of unfair. Kono, Are you
Speaker 5: sad this morning? I'm not sad.
Speaker 6: I mean, I know what you're referring to in the
Speaker 6: National Championship, but it was a great game last night,
Speaker 6: So can only be.
Speaker 5: Sad about it? Isn't that what you hope for?
Speaker 1: I mean, of course you want your team to win,
Speaker 1: But it's samely, same thing with like Super Bowl. If
Speaker 1: it's a great game, it's not as important to me
Speaker 1: who wins. It's that it was a great game as
Speaker 1: opposed to like a lopsided blowout.
Speaker 6: Especially if you don't have someone in the fight like
Speaker 6: the women's side. It was like a thirty point blowout
Speaker 6: and it was I mean, it was okay. But yesterday
Speaker 6: it came down to the last play of the game.
Speaker 6: I love it, and it was it was fun.
Speaker 5: It was good.
Speaker 6: Congratulations Florida Gators.
Speaker 5: Absolutely okay.
Speaker 1: Here's what's ahead on wake up call, and it's a
Speaker 1: lot I can tell you.
Speaker 5: So let's get rolling.
Speaker 1: A youth soccer coach has been charged with murdering a
Speaker 1: thirteen year old boy whose body was found last week
Speaker 1: in Oxnard. Mario Garcia Akino is scheduled to be arranged
Speaker 1: today in downtown LA in the killing of Oscar Hernandez.
Speaker 1: The charge includes a special circumstance allegation that could mean
Speaker 1: he's eligible for a death sentence. Jury selection has begun
Speaker 1: in the retrial of an Orange County Superior judge whose
Speaker 1: first second degree murder trial ended with a mistrial.
Speaker 5: The jury couldn't reach a decision.
Speaker 1: Jeffrey Ferguson is accused of killing his wife at their
Speaker 1: home in Anaheim Hills. Ferguson says the shooting was an accident.
Speaker 1: Deportations of illegal immigrant gang members will soon begin again.
Speaker 1: The Supreme Court ruled five four yesterday that the Department
Speaker 1: of Justice can remove alleged Venezuelan gang members under the
Speaker 1: seventeen ninety eight Alien Enemies Act. Before being deported, they
Speaker 1: must get a court hearing. We're going to be digging
Speaker 1: a little deeper into that with ABC's Stephen Portnoy.
Speaker 5: That's coming up at the bottom of the hour. Actually
Speaker 5: it's coming up in about twenty minutes.
Speaker 1: Also on wake Up Call, TikTok gets more time, ABC's
Speaker 1: Mike Debuski is going to tell us how there could
Speaker 1: be a switcheroo with switch to thanks to Trump's tariffs,
Speaker 1: and Joe Larsguard is going to take a look at
Speaker 1: the practical effects of the stock market's turbulence and whether
Speaker 1: you should take action or ride out the storm. Let's
Speaker 1: get with some of the stories coming out of the
Speaker 1: KFI twenty four hour newsroom. La Mayor Bass has fire
Speaker 1: recovery efforts from the fires in Palisades and Altadena are history.
Speaker 5: La Mayor Bass has marked a milestone.
Speaker 7: Yesterday was the three month anniversary of the two deadly
Speaker 7: wildfires that broke out January seventh. The fires killed thirty
Speaker 7: people and destroyed sixteen thousand homes and other structures. The
Speaker 7: mayor is given credit to the Trump administration for the
Speaker 7: fastest hazardous materials clearing in the history.
Speaker 5: Of the EPA.
Speaker 7: She says utilities were restored in an unprecedented two months.
Speaker 7: All recovery efforts are considered the fastest in modern history.
Speaker 7: Deborah mark KFI News.
Speaker 1: But three months since the start of the wildfire in
Speaker 1: Altadena that destroyed more than nine thousand homes in businesses,
Speaker 1: not one permit to rebuild has been approved.
Speaker 3: He Cannon.
Speaker 5: I am not satisfied with the pace today.
Speaker 2: No building permits have been issued, and that is totally unacceptable.
Speaker 1: LA County Supervisor Catherine Barger's has more than fifteen hundred
Speaker 1: properties are ready for rebuilding just waiting for permits.
Speaker 2: So we need one point of contact that can override
Speaker 2: and really focus on getting it done in real time.
Speaker 1: The Board's expected to vote today to create a permitting
Speaker 1: authority to speed up the permitting process. LA County Sheriff's
Speaker 1: detectives are trying to find a missing woman and a
Speaker 1: two year old boy last seen in Carson. Jenna and
Speaker 1: Aiden Mildrew haven't been seen since April first. Investigators say
Speaker 1: the woman needs medication every day She's black, five feet five,
Speaker 1: one hundred and seventy eight pounds with short black hair.
Speaker 1: She was less seen wearing a black sweater and sweatpants.
Speaker 1: The boy is black, has curly black hair and brown eyes.
Speaker 1: A judge in Orange County as sided with Huntington Beach
Speaker 1: in its legal fight with the state over a city
Speaker 1: ordinance requiring voter id in local elections. City officials argued
Speaker 1: that as a charter city, it has special authority to
Speaker 1: approve an ordinance in conflict with state law.
Speaker 5: The state disagrees.
Speaker 1: Attorney General Rob Bonta says that but he believes the
Speaker 1: Orange County Superior Court got it wrong, and the ordinance
Speaker 1: is set to go into effect next year. Let's say
Speaker 1: good morning now to ABC's Karen Travers. So, Karen, some
Speaker 1: of the Trump administration tariffs have already been implemented more
Speaker 1: scheduled to kick in tomorrow. So the big question is
Speaker 1: are they negotiable or permanent?
Speaker 5: Because it's kind of hard to tell from all the
Speaker 5: back and forth.
Speaker 8: Yeah, both is what the President said yesterday, and it
Speaker 8: doesn't really clear up the mixed messages, and there have
Speaker 8: been a lot of them on this issue. The President
Speaker 8: yesterday was asked by my colleague Mary Bruce if he
Speaker 8: would be open to a pause on the tariffs to
Speaker 8: allow for negotiations, and the President said, we're not looking
Speaker 8: at that. He was also asked about the mixed messages,
Speaker 8: whether this was a permanent strategy or a short term
Speaker 8: negotiating tactic, and he said both can be true. There
Speaker 8: can be permanent tariffs and there can also be negotiations,
Speaker 8: because he said there are things we need beyond tariffs,
Speaker 8: didn't explain what that was, did get into detail on that,
Speaker 8: but you know, I think that's what's causing some of
Speaker 8: the uncertainty the volatility right now. Is the President looking
Speaker 8: to change this when it comes to some countries. It
Speaker 8: certainly doesn't seem like he's backing off the broad sweeping
Speaker 8: policy entirely. The tariffs or the White House has been
Speaker 8: pretty clear are staying in place, but with the percentage
Speaker 8: drop for some countries, some that we are more close
Speaker 8: allies with, depending on what the trade deficit is, depending
Speaker 8: on what products and American companies are in those countries.
Speaker 8: It just depends. And that is something we just don't
Speaker 8: have details for, and the President didn't really clear that
Speaker 8: up yesterday okay, and he was.
Speaker 1: Some of his comments were made in the Oval office
Speaker 1: when he was meeting or after he met with Israel's
Speaker 1: Benjaminette and Yahu. Israel has said it would drop its tariffs,
Speaker 1: but the US still imposed like seventeen percent. So yeah,
Speaker 1: did the President say if any headway was being made
Speaker 1: on that.
Speaker 8: Yeah, he did. He was outside explain, but he would
Speaker 8: not commit to reducing the tariffs on Israel. He said,
Speaker 8: maybe not, and he said, don't forget. We help Israel
Speaker 8: a lot, We give them billions of dollars a year.
Speaker 8: So didn't indicate that there would be a change in
Speaker 8: the tariff policy. And I think people were looking at
Speaker 8: that potentially yesterday as could that be a framework for
Speaker 8: other countries, And met NYAHUU came and was telling the
Speaker 8: President and offered, you know, we lowered Israel's tariff freate
Speaker 8: to zero, we got rid of tariffs on US products.
Speaker 8: That did not change the President's position on tariff's on
Speaker 8: Israeli products.
Speaker 1: Interesting, and then I think that I heard Karen, I
Speaker 1: wonder if you heard this too. He was hinting that
Speaker 1: the sale of TikTok could help China get you know,
Speaker 1: lowered the percentage of tariffs with China, because that, like
Speaker 1: you said, might be something that's aside from just tariffs,
Speaker 1: there's other It might be another negotiating tool.
Speaker 8: He had said that last week too, and it seemed
Speaker 8: like that had potentially been getting close. But now with
Speaker 8: the escalation in tariffs with the US and China, that
Speaker 8: does not seem to be as close. President yesterday threatened
Speaker 8: another fifty percent tariff on top of the thirty four
Speaker 8: that he announced last week, which is on top of
Speaker 8: the twenty percent of thirty in place in some Chinese products,
Speaker 8: So that is significantly ramping things up. That would lead
Speaker 8: to one hundred and four percent tariff, you know, kind
Speaker 8: of doing the math. The White House confirmed that that's true.
Speaker 8: That is, if China doesn't back off on their retaliation threat.
Speaker 8: Doesn't seem like they're going to, they said yesterday. President's
Speaker 8: policies right now amount to economic bullying.
Speaker 1: Okay, So tariff's stay in and play for now and
Speaker 1: we'll see what happens, you.
Speaker 5: Know, in twenty minutes. Well, thanks all right, ABC's Karen Travers,
Speaker 5: thanks so much for the information.
Speaker 8: That's a great thank you too.
Speaker 1: Let's get back to some of the stories coming out
Speaker 1: of the KFI twenty four hour newsroom. The Supreme Court
Speaker 1: says President Trump can use an old law to deport
Speaker 1: criminal illegal immigrants.
Speaker 9: In a five four ruling Monday, the Court will now
Speaker 9: allow the Department of just just to remove alleged Venezuelan
Speaker 9: gang members from the country under the Alien Enemies Act.
Speaker 9: The ruling ends a lower court freeze on Trump using it.
Speaker 1: Kay if i's Lisa Carton says the ruling means the
Speaker 1: Trump administration can go ahead and use the law to
Speaker 1: speed up deportations while things play out in the lower courts.
Speaker 1: Trump posted on social media that the Supreme Court has
Speaker 1: upheld the rule of law in the country. He called
Speaker 1: it a great day for justice in America. As I mentioned,
Speaker 1: We're going to dig a little deeper into that with
Speaker 1: ABC Stephen Portnoy because the High Court in allowing that
Speaker 1: also placed some conditions on the deportations.
Speaker 5: Time to talk.
Speaker 1: President Trump says the US will hold direct talks with
Speaker 1: Iran about its nuclear program. He also warned that Iranians
Speaker 1: or warned Iranians yesterday that they would be in great
Speaker 1: danger if they don't reach an agreement to end Iran's
Speaker 1: nuclear weapons program. Tehran has confirmed the talks, but said
Speaker 1: that they will be indirect talks through a mediator. China
Speaker 1: has threatened to resolutely take count measures if President Trump
Speaker 1: raises tariffs in additional fifty percent, as we were just
Speaker 1: talking about with Karen Travers. Trump said yesterday he's thinking
Speaker 1: about the extra tariffs if China imposes thirty four percent
Speaker 1: tariffs on the US. The US is imposing thirty four
Speaker 1: percent tariffs on China in retaliation for its current tariffs
Speaker 1: against the US, goes back and forth. That's raising concerns
Speaker 1: about a global trade war. TV sports personality Stephen A.
Speaker 1: Smith says he is leaving all doors open in regards
Speaker 1: to a presidential bid. Smith said in a post on
Speaker 1: X that life was great and he hates the thought
Speaker 1: of being a politician, but he's sick of this mess.
Speaker 1: He has been critical of both sides at times, pushing
Speaker 1: for the Democratic Party to refocus on key issues for
Speaker 1: voters and going after Republicans for entertaining the idea of
Speaker 1: a third Trump term. New data from Health and Human
Speaker 1: Services shows allergies are lingering longer in ABC's Michelle Friends,
Speaker 1: and says the season is starting earlier due to changes
Speaker 1: in the weather.
Speaker 5: Research shows tree pallin his pa gain and grass pollen
Speaker 5: season is not only getting longer, but getting more intense,
Speaker 5: she says.
Speaker 1: Health and Human Services says rising temperatures are leading to
Speaker 1: milder winters and more frost free days, which confuses trees
Speaker 1: and other blooms and brings more pollen. Three teenagers have
Speaker 1: been accused of attacking and easter bunny at All in Florida.
Speaker 1: Willis say the bunny was hopping along for a break
Speaker 1: at Coastland Center Mall on Sunday afternoon when two thirteen
Speaker 1: year olds and a fourteen year old allegedly attacked the
Speaker 1: fluffy rabbit. Two of the kids were arrested, the thirteen
Speaker 1: year olds, the other was sighted. The bunny wasn't seriously hurt.
Speaker 5: The Port of.
Speaker 1: Los Angeles's executive director says President Trump's tariffs could lead
Speaker 1: to a slow down in world trade. Jeane Soroca says
Speaker 1: he's worried there could be a pause in business investment,
Speaker 1: job losses, and higher prices. He says tariffs could also
Speaker 1: disrupt or delay efforts to rebuild homes following the Palisades
Speaker 1: and Eaten fires. The Supreme courts allowed the Trump administration
Speaker 1: to use an eighteenth century wartime law to deport Venezuelan migrants,
Speaker 1: but says they must get a court hearing before they
Speaker 1: are taken from the United States. We're going to check
Speaker 1: in with ABC Stephen Portnoy on that in just one moment.
Speaker 1: Stock features are up this morning before the opening bell,
Speaker 1: Two of the three major stock indexes closed down again
Speaker 1: yesterday as Trump's tariffs continue to rattle Wall Street. At
Speaker 1: the closing bell, the Dow Jones was down three hundred
Speaker 1: and forty nine, SMP five hundred was off eleven, and
Speaker 1: the Nasdaq closed up fifteen.
Speaker 5: At six oh five.
Speaker 1: It's handle on the news course, handled back from his
Speaker 1: vacation and honeymoon and marriage China, says Trump's threat of
Speaker 1: new tariffs is a mistake upon a mistake. Okay, let's
Speaker 1: say good morning to ABC's Stephen Portnoy. Stephen, a couple
Speaker 1: decisions from the Supreme Court yesterday. Can you tell us
Speaker 1: about what the Justice has said about the guy from
Speaker 1: Maryland that we talked about, who the White House admitted
Speaker 1: it mistakenly swept up in a nice deportation.
Speaker 2: This is going to be a bit complicated, so let's
Speaker 2: walk through it carefully. Amy, we're talking about different things
Speaker 2: here and lots of balls in the air. You asked
Speaker 2: about the case of Kilmar Abrego Garcia. This is a
Speaker 2: man who had been living in Maryland for many years,
Speaker 2: wife and kids, married to an American citizen, was swept up,
Speaker 2: as you describe it, last month in ways we don't
Speaker 2: fully understand, and having not been fully explained in court,
Speaker 2: but was sent mistakenly back to his native country of
Speaker 2: El Salvador, where the immigration court had said he would
Speaker 2: not be sent because he fled that country. The judge
Speaker 2: believed this, The immigration judge believed it, fearing violence from
Speaker 2: a gang eighteen. Well, the government says he's a member
Speaker 2: of MS thirteen, a different gang with a different number,
Speaker 2: And the immigration judge said, well, I see this evidence,
Speaker 2: but we're still not going to deport you to your
Speaker 2: home country. And they did, all right, So what's to
Speaker 2: be done about or this man who's now in a
Speaker 2: prison in l Salvador. He didn't commit a crime there,
Speaker 2: and there's no evidence or allegation he committed a crime here.
Speaker 2: So why is he in prison? Well, we don't know,
Speaker 2: and what's to be done about it. The judge in
Speaker 2: Maryland said to the government, go fetch him and bring
Speaker 2: him back, and you have until midnight Monday, midnight Tuesday, whatever.
Speaker 5: Last night.
Speaker 2: Well, the Chief Justice of the Supreme Court, Chief Justice
Speaker 2: of the United States, John Roberts, issued a stay and
Speaker 2: said just a minute hold on. It's not a final
Speaker 2: ruling on that. We await further word from the High
Speaker 2: Court as to what should happen with kilmar Abrego. Garcia
Speaker 2: put that aside for a moment because the bigger headline
Speaker 2: last night was the five to four decision by the
Speaker 2: Supreme Court with respect to the Alien Enemies Act. And
Speaker 2: this gets in the question of whether Judge James Boseburg,
Speaker 2: who issued that order to turn the planes around in
Speaker 2: the air, whether he has a role to play the
Speaker 2: five to four split on the Supreme Court, as the
Speaker 2: majority said saying no, the Chief that the Judge Boseburg
Speaker 2: has no role here because the case was not brought
Speaker 2: in the proper venue. The ACLU went into court here
Speaker 2: in Washington, d C. A few weeks ago to say, hey,
Speaker 2: we're hearing that the Trump administration is bringing all these
Speaker 2: men together in a jail in Texas and they're going
Speaker 2: to be flown out in secret to l Salvador, and
Speaker 2: the President's going to invoke a wartime authority that hasn't
Speaker 2: been used since World War Two, and you've got to
Speaker 2: do something, judge, And they judge said, all right, well,
Speaker 2: let's let's put a pause on that. Turn the planes around.
Speaker 2: We have to assess whether the law is being followed
Speaker 2: and carefully applied here. And the administration said, no, we're
Speaker 2: going to keep those planes in the air. We're going
Speaker 2: to land them in El Salvador. And there's nothing you
Speaker 2: can do about a judge, it's beyond your jurisdiction. Last night,
Speaker 2: the Supreme Court said that the administration has a point
Speaker 2: here that the real proper way to do this is
Speaker 2: to bring a challenge in the district where these men
Speaker 2: were being held. No one was being held here in Washington,
Speaker 2: d C. They were being held in Texas. So you
Speaker 2: have to go to court in Texas. ACLU okay. But
Speaker 2: the justice is said in their opinion last night, all
Speaker 2: of them said that going forward, every detainee who would
Speaker 2: be deported under the Alien Enemies Act must first be
Speaker 2: given notice and the chance to seek a judge's review.
Speaker 2: In Texas or wherever else they're being held prior to
Speaker 2: their deportation, which is not what the administration was doing here,
Speaker 2: and it's not what happened to those hundreds of people
Speaker 2: who were sent to l Salvador last month. They were
Speaker 2: just picked up and sent out of the country because
Speaker 2: the President signed a proclamation without any judicial review. And
Speaker 2: the High Court said last night that's not the way
Speaker 2: this has to work going forward.
Speaker 5: Okay, wow, you're right, that is a lot too unpacked.
Speaker 1: So the court the decision was split, if I'm understanding
Speaker 1: you correctly, on whether it should be able to move forward,
Speaker 1: but it still isn't done yet. They just it has
Speaker 1: to be tried or be heard in Texas now because
Speaker 1: DC doesn't really have standing.
Speaker 2: Yeah, basically because the men aren't here. Right, you know
Speaker 2: what role would a court in Washington play? I mean,
Speaker 2: what the a CLU was trying to do was say
Speaker 2: that the administration didn't follow the proper procedures, and under
Speaker 2: a certain law called the Administrative Procedure Act, there's a
Speaker 2: way to challenge the action of an administration here in Washington,
Speaker 2: d C. The High Court said, no, not in this case,
Speaker 2: because these are individuals who are alleged to be alien enemies.
Speaker 2: They have rights, but the proper way to exercise those
Speaker 2: rights is in the places where they are physically present.
Speaker 1: Okay, So then, Stephen, can the deportations begin again while
Speaker 1: it plays out in court?
Speaker 2: The answer is no. And I say no because what
Speaker 2: the court said last night, and I'll quote directly, It's
Speaker 2: said here that as of this order, the detainees must
Speaker 2: receive notice that they are subject to removal under the Act.
Speaker 2: The notice must be afforded within a reasonable time and
Speaker 2: in such a manner as will allow them to actually
Speaker 2: seek habeas relief and the proper venue before such removal occurs.
Speaker 2: They are entitled to notice and an opportunity to challenge
Speaker 2: their removal. The only question is which court will resolve
Speaker 2: that challenge. So the bottom line is the Supreme Court
Speaker 2: put curbs in place here, pretty significant curbs. It said,
Speaker 2: you've got to provide these men with paperwork. They've got
Speaker 2: to have the opportunity to consult attorneys. They've got to
Speaker 2: have the opportunity to have those attorneys go into court.
Speaker 2: And there has to be an opportunity for a judge
Speaker 2: to review two questions, Whether the President is properly invoking
Speaker 2: his authority here and whether these individuals are actually alien
Speaker 2: enemies because up until well now, there's been no way
Speaker 2: to question the administration's position on that. Okay, And the
Speaker 2: High Court affirmed that there is a review that has
Speaker 2: to happen here.
Speaker 1: Okay, So it was sort of a win and Trump
Speaker 1: and the administration is like, yeah, we won, but that's
Speaker 1: not really the case.
Speaker 2: If anyone who says that didn't read what.
Speaker 5: I just saw.
Speaker 1: Yeah, okay, So deportations can't start yet, they're technically allowed,
Speaker 1: but after due process, is that right?
Speaker 2: Well, what happened last night, Yes, what happened last night
Speaker 2: was the judge who ruled James Boseburg. He's basically been
Speaker 2: cut out of this and he put in a place
Speaker 2: of a number of orders over the last few weeks,
Speaker 2: it said, and he's been asking questions about whether his
Speaker 2: orders were followed, and there's actually a hearing in that
Speaker 2: this afternoon. I wonder where that lies. And it's really
Speaker 2: kind of sort of an open question that the Justice Department,
Speaker 2: after the Supreme Court issued its ruling last night, went
Speaker 2: back to Judge Boseburg and said, you know, it's time
Speaker 2: to dismiss all your back and forth with us, We're
Speaker 2: not interested in you know, you have to take the
Speaker 2: hint from the Supreme Court and back yourself out of this.
Speaker 2: We'll see how that plays out. But look, the point is,
Speaker 2: and this has to be understood. The Supreme Court said,
Speaker 2: there is a role for the courts to play. The
Speaker 2: administration's position up until now has been there is no
Speaker 2: role for the judges. Supreme Court said, know, there definitely is,
Speaker 2: and these individual men have to be provided with notice
Speaker 2: and an opportunity to challenge their removal.
Speaker 5: Okay, all right, well, thank you so much.
Speaker 1: As always, as you guys know, Steven is so great
Speaker 1: about peeling back the onions because things appear one way
Speaker 1: on the service, but when you really take a deep
Speaker 1: look at them, they don't always turn out as they
Speaker 1: you know, first as you first thought. So appreciate you
Speaker 1: clarifying that in bringing us that information, and we'll look
Speaker 1: forward to seeing what happens next.
Speaker 5: You bet, all right, thanks Steven.
Speaker 1: Officials in La County s they a person in a
Speaker 1: position of trust murdered a teenage boy.
Speaker 10: Murder charges have been announced against the soccer coach of
Speaker 10: a thirteen year old boy found dead in Ventura County,
Speaker 10: LA County DA Nathan Hockman says Mario Garcia Aquino may
Speaker 10: have other victims.
Speaker 2: We are seeking anyone who recognizes this particular individual as.
Speaker 5: Someone that victimized them to come forward to law enforcement.
Speaker 10: Garcia a Queena has been in custody since last week,
Speaker 10: when he was arrested on an unrelated assault charge. Oscar
Speaker 10: Omar Hernandez said he was going to visit Garcia Aquino
Speaker 10: in the Antelope Valley. His body was found last week
Speaker 10: in Oxnard. Michael Krozer KFI News.
Speaker 1: The alleged gang leader and so called rap godfather Eugene
Speaker 1: Henley Junior, known as Big U, is doing court in LA.
Speaker 1: He's named in a forty three count federal indictment accusing
Speaker 1: him of racketeering, fraud, extortion, and embezzlement.
Speaker 5: Henley has denied the allegations.
Speaker 1: California Democratic Senator Adam Schiff has announced new legislation to
Speaker 1: offer federal tax credits to people rebuilding from the wildfires.
Speaker 11: The Freshman Democrat says the credit would cover half the
Speaker 11: cost of upgrades like fire resistant roofs, capped at twenty
Speaker 11: five thousand dollars for families making under two hundred thousand
Speaker 11: a year. Shift tells KFI as the Palisades and Altadena rebuild,
Speaker 11: better materials are necessary to prevent future disasters.
Speaker 3: If we can harden more homes, we can save not
Speaker 3: only that home, but potentially they're neighborhood.
Speaker 11: Schiff has introduced the bill alongside Republican Montana Senator Tim Sheehy,
Speaker 11: and the tax credits would be available across the country
Speaker 11: for a variety of natural disasters. Michael Monks KFI news.
Speaker 1: LA School District may face an audit over arts funding.
Speaker 1: Democrat Assembly Member Isaac Bryan has called for the audit
Speaker 1: following a lawsuit alleging the district defrauded taxpayers of millions
Speaker 1: of dollars. At issue is seventy seven million dollars raised
Speaker 1: by Proposition twenty eight to hire arts teachers that the
Speaker 1: lawsuit claims was used on existing staff. Superintendent Alberto Carvallo
Speaker 1: says it was a misunderstanding of the law and he's
Speaker 1: working on a quick resolution to the matter. LA Mayor
Speaker 1: Bass say is clearing hazardous debris from the deadly wildfires
Speaker 1: in January has been done faster than any other disaster
Speaker 1: in EPA history. Mass credits the Trump administration for the
Speaker 1: speed of the debris removal. A group of lawmakers is
Speaker 1: making a push to let bars stay open later. The
Speaker 1: lawmakers say a proposed bill would create so called hospitality
Speaker 1: zones love cities to extend last call to four am
Speaker 1: on Friday, Saturdays and state holidays. San Francisco Assemblyman Matt
Speaker 1: Haney says it could boost tourism and help local businesses.
Speaker 1: La Rams owner Stan Kronki is planning to build a
Speaker 1: state of the art team headquarters and training facility in
Speaker 1: Woodland Hills known as Rams Village. Construction on the ten
Speaker 1: billion dollar project could start as early as twenty twenty seven.
Speaker 1: Let's say good morning now to ABC's Mike Dubuski. So, Mike,
Speaker 1: Nintendo switch To. There could be a little switch aaroo
Speaker 1: in the works.
Speaker 3: Yeah, especially with relation to their pre order date when
Speaker 3: you can kind of PLoP down some money for one
Speaker 3: ahead of the actual shipping date for this hotly anticipated
Speaker 3: gaming device. The switch to has been a huge sort
Speaker 3: of draw for a Nintendo or the Switch brand has
Speaker 3: when the switch one launched back in twenty seventeen. It
Speaker 3: eventually grew to about one hundred and fifty million units
Speaker 3: in sales. That's a huge sales success for Nintendo. So
Speaker 3: the new one was unveiled last week. The switch too.
Speaker 3: It's got a new bigger screen. It supports four K televisions,
Speaker 3: which means you can kind of plug it into your
Speaker 3: higher FIDELEDTV, and then, of course, because it's a switch,
Speaker 3: you can switch it to a portable gaming device. You
Speaker 3: can kind of pick up the screen from its docking station,
Speaker 3: connect some controllers, and then on you go. All of
Speaker 3: that does come with a bit of a price bump.
Speaker 3: The old switch was three hundred bucks. The new one
Speaker 3: is four hundred and fifty. The head of Nintendo North
Speaker 3: America says that the tariffs that we've been discussing for
Speaker 3: the last week or so did not play a role
Speaker 3: in the company's decision to raise prices. However, amy the
Speaker 3: tariffs do seem to be having an effect. The switch
Speaker 3: to was unveiled, as I said, Wednesday morning. The tariffs
Speaker 3: were announced Wednesday after noon. On Friday, Nintendo delayed the
Speaker 3: date when pre orders were supposed to open. They were
Speaker 3: supposed to open tomorrow. Now they are putting that on
Speaker 3: an indefinite hold in order to assess the potential impact
Speaker 3: of tariffs an evolving market condition, so just another effect
Speaker 3: of tariff hitting the gaming space.
Speaker 5: And where are they made?
Speaker 3: So predominantly the Switch one was made in China. Nintendo
Speaker 3: has made efforts in recent years to shift production to
Speaker 3: places like Vietnam and Cambodia, but all of those places
Speaker 3: do see some pretty hefty tariffs, not on the level
Speaker 3: of China necessarily, but you know, in the high forty
Speaker 3: percent range of the President's tariffs. It appears that Nintendo
Speaker 3: might be waiting on the outcome of these rumored negotiations
Speaker 3: that are coming down the pike with various countries before
Speaker 3: moving forward with pre orders. But in that time, the
Speaker 3: rest of the world will have, you know, the ability
Speaker 3: to put down some money to pre order this device,
Speaker 3: which means that by the time that Americans get the
Speaker 3: opportunity to do so, they're going to be a little
Speaker 3: bit further back in the line.
Speaker 1: Okay, so we get to wait, are they going They're
Speaker 1: going to go and sale in other areas though.
Speaker 3: The shipping date is staying the same. So when they
Speaker 3: made this announcement last week, they said that the device
Speaker 3: was going to ship, it was going to show up
Speaker 3: in stores on June fifth. They say that date is holding.
Speaker 3: We just don't know when pre orders are going to
Speaker 3: become available just yet. But again, given the sort of
Speaker 3: uncertainty in the markets right now, it's unclear whether that's
Speaker 3: actually going to hold or not, or whether the four
Speaker 3: hundred and fifty dollars price tag, which again was one
Speaker 3: hundred and fifty bucks more than the old one, he's
Speaker 3: going to stay where it is. And we haven't even
Speaker 3: talked about more expensive games that are coming down the
Speaker 3: pike or the accessories, which means that if you're a
Speaker 3: Nintendo fan, this is getting to be a pretty pricey proposition.
Speaker 1: Okay, we'll save that for another day. ABC's Mike Dubuski,
Speaker 1: thank you so much for your time and information this morning.
Speaker 5: Of course, Amy Takareka, it's time.
Speaker 1: To get in your business with Bloomberg's Courtney Donaho. And
Speaker 1: of course we're talking about things like switch to costing
Speaker 1: more and everything costing more. But first let's take a
Speaker 1: look at the stock market and what we're expecting today,
Speaker 1: because right now things are looking a heck of a
Speaker 1: lot better than they have for the last few days.
Speaker 4: Yes, well, speaking of costing more, it costs us a
Speaker 4: lot over the past couple of days, and I want
Speaker 4: to point out it was such a manic Monday, and
Speaker 4: now we might be seeing a turnaround Tuesday of the
Speaker 4: market chaos, unleashed by the trade war continued for a
Speaker 4: third day Yesterday. It was such a wild drive to
Speaker 4: really hammer this home because stocks open sharply lower, only
Speaker 4: to briefly spike as rumors were racing across training floors
Speaker 4: all throughout the morning that the President was going to
Speaker 4: delay his tariffs. Now those hopes faded, sinking prices again,
Speaker 4: but those rumors that the President was pausing tariffs that
Speaker 4: sparked a two and a half trillion dollar rally in
Speaker 4: just seven minutes. Seven minutes. It just shows you how
Speaker 4: everybody's grasping for hopes in some way. At the end
Speaker 4: of the day, the markets did close down, but not
Speaker 4: as dramatically as we did last Thursday and Friday. The
Speaker 4: Dow finished down three hundred and forty nine points, the
Speaker 4: S and P five hundred, tel two tenths of a percent.
Speaker 4: But it's looking a lot better today on Wall Street
Speaker 4: without futures of more than a thousand points right.
Speaker 5: Now, Okay, we'll keep our fingers crossed at that hold.
Speaker 1: But yeah, you were talking about those wild swings when
Speaker 1: I was because I've been watching the stock well like
Speaker 1: everybody has, but watching it, and it was down like
Speaker 1: fourteen or fifteen hundred in early trading yesterday, and then
Speaker 1: all of a sudden, it spiked and it was up
Speaker 1: five hundred and fifty, and that's probably the moment that
Speaker 1: everybody went, oh, there might be a reprieve. But that
Speaker 1: was a two thousand point swing in like five minutes.
Speaker 4: As one trader we talked to said, it's just madness
Speaker 4: when you come to look at something like that, because
Speaker 4: that is completely abnormal in the markets. For those who
Speaker 4: are not real market observers, a swing like that is
Speaker 4: just absolutely unbelievable. But it just shows you how much
Speaker 4: everybody on Wall Street is holding out hope that there's
Speaker 4: going to be some sort of reprieve when it comes
Speaker 4: to tariffs, and that we're not going to be having
Speaker 4: any sort And I believe that's one of the reasons
Speaker 4: beyond buying the dip today, where all right stocks have
Speaker 4: come off so traders are jumping back in the market.
Speaker 4: We haven't had any really crazy headlines coming out of
Speaker 4: China for example, and that seems to have stabilized the
Speaker 4: markets just a little bit this morning, that we're not
Speaker 4: seeing the wild swings that we saw yesterday.
Speaker 5: But you know what, the bell hasn't rung yet.
Speaker 4: You know, any with any headline, we are seeing lots
Speaker 4: of moves, lots of changes, So you have to you
Speaker 4: have to brace for this. But one of the things
Speaker 4: that is so important, especially in times like this, is
Speaker 4: to not panic and make sure you talk to your
Speaker 4: financial advisor about this, because if you have a long
Speaker 4: term investment strategy, for example, you're retiring many many years
Speaker 4: from now, it might be worth it to stay the
Speaker 4: course in what you're doing. So it's worth it to
Speaker 4: talk about your financial strategies with your financial advisor and
Speaker 4: then make the decisions from there with with somewhat of
Speaker 4: a clear head as opposed to panicked decision.
Speaker 5: Okay, and before we let you.
Speaker 1: Go, do tariffs have people rushing to the Apple store?
Speaker 4: Yes, and no doubt about it, they're looking to buy iPhones.
Speaker 4: Customer shoppers are worried that prices obviously are going to
Speaker 4: climb dramatically after the duties are imposed. I want to
Speaker 4: point out that most iPhones are manufactured in China that's
Speaker 4: in line for tariffs of fifty four percent. So the stores,
Speaker 4: some of the workers there are saying, well, we're not
Speaker 4: being the kind of lines that come with an iPhone launch.
Speaker 4: But the atmosphere is kind of like a busy holiday
Speaker 4: season right now, so lots of people running and getting
Speaker 4: their iPhones before they think that the tariffs are going
Speaker 4: to come down on them. Okay, bloomberrim prices go.
Speaker 1: Up, Bloomberg's Courtney Donaho, thanks for getting in your business
Speaker 1: with us this morning.
Speaker 5: Let's do it again tomorrow, shall.
Speaker 4: We no doubt about it? Be water?
Speaker 5: Thanks Courtney.
Speaker 1: Of course we talk to Courtney every morning at five
Speaker 1: point forty right here on wake up call. A bill
Speaker 1: may soon let people party longer in La and other
Speaker 1: cities around California.
Speaker 11: The proposal would create hospitality zones merrily in downtown areas
Speaker 11: of big cities like La San Francisco. Democratic Assemblyman Matt
Speaker 11: Haney announced his bill in downtown LA and says the
Speaker 11: change would boost local economies.
Speaker 10: World class cities have world class nightlife. We in California
Speaker 10: deserve world class nightlife too, if.
Speaker 11: Approved hospitality zones would be able to enjoy the extended
Speaker 11: last call on Thursdays, Fridays and Saturdays, and designated state holidays.
Speaker 11: Right now, last call is two o'clock in the morning.
Speaker 11: Michael Monks KFI News.
Speaker 1: The National Park Service is restored both a photo of
Speaker 1: and a quote attributed to Harriet Tubman to a web
Speaker 1: page dedicated to the Underground Railroad. The photo had been
Speaker 1: replaced with pictures of postal stamps featuring those connected to
Speaker 1: the railroad that caused a huge backlash. The website had
Speaker 1: also been modified to change references to enslaved African Americans
Speaker 1: to enslaved workers. The Parks Service said any reduction in
Speaker 1: Tubman's presence on the site had been made without approval
Speaker 1: from the top leadership. More than fifth teen hundred properties
Speaker 1: have been cleared and cleaned and are ready for rebuilding,
Speaker 1: but La County Supervisor Katherine Barger says not one building
Speaker 1: permit has been approved since the fires. She says that's
Speaker 1: totally unacceptable. The Board of Supervisors is going to vote
Speaker 1: today on creating a permitting authority to help speed up
Speaker 1: the process. A soccer coach has been charged with the
Speaker 1: murder of a teenager whose body was found in a
Speaker 1: wooded area in Oxnard, La County, DA. Nathan Hackman also
Speaker 1: charged Mario Garcia a Kino with leude ax on a
Speaker 1: sixteen year old boy in an unrelated case from last year.
Speaker 1: Tens of thousands of music fans getting ready to converge
Speaker 1: on Indio for the first weekend of the twenty twenty
Speaker 1: five Coachella Valley Music and Arts Festival. Up to forty
Speaker 1: thousand will pack Camp Browns, while others had to sold
Speaker 1: out hotels and motels. Others will drive in for the day.
Speaker 1: The concerts start on Friday, with Lady Gaga and a
Speaker 1: dozen other artists taking the stage. We're just minutes away
Speaker 1: from Handle on the news this morning. Good day to
Speaker 1: be a Gator, Cougars not so much. Let's say good
Speaker 1: morning now to the host of How to Money on KFI.
Speaker 1: It's Joel Larsgard. Okay, Joel, Yeah. Markets for you and me,
Speaker 1: what is the practical effect of these wild swings and
Speaker 1: drops that we're seeing heartburn?
Speaker 12: I'm gonna say, is at least one of them right?
Speaker 12: I think the like the whip sawing nature. If you're
Speaker 12: the kind of person who pays attention to what's happening
Speaker 12: with the stock market, most days it probably has you
Speaker 12: kind of pulling your hair out a little bit, which
Speaker 12: I totally get, which is why one of the suggestions
Speaker 12: I make to people who are in the wealth building
Speaker 12: phase of their life. They are sticking money in like
Speaker 12: clockwork every two weeks dollar cost averaging or maybe even
Speaker 12: more than that. But if you are kind of on
Speaker 12: the front end of your investing timeline, don't pay attention.
Speaker 12: Like I have not looked at my portfolio balance because
Speaker 12: I know that if I do, then it's just going
Speaker 12: to unnerve me in a way that I don't need
Speaker 12: to be unnerved because I have so much time on
Speaker 12: my side before I need to access those funds. So yes,
Speaker 12: it is frustrating as an investor to see, but in
Speaker 12: particular for people who are, hey, I've got a decade
Speaker 12: plus before I start tapping my retirement funds, then I
Speaker 12: think this is more noise that you don't need to incorporate.
Speaker 12: You don't really need to do anything with it. As
Speaker 12: an investor, you don't need to make any changes.
Speaker 5: Okay, so stay the course.
Speaker 12: Yes, I mean, it's easier said than done, I think, right,
Speaker 12: it's because when you see market strop as much as
Speaker 12: they have the end of last week was insane, and
Speaker 12: then you see even what happened yesterday, where a tweet
Speaker 12: can send the stock market soaring by eight percent, and
Speaker 12: then it's like, wait a second, that was fake news,
Speaker 12: and then the stock market it considers investors start pulling
Speaker 12: out again. All of that stuff kind of if you're
Speaker 12: riding the wave, the day to day wave, the minute
Speaker 12: to minute wave, you are going to be freaking out
Speaker 12: and you're going to be making changes. And the truth is,
Speaker 12: when we're just doing the boring, slow and steady passive
Speaker 12: investor approach in index fund just what I talk about
Speaker 12: most of the time, or target date funds, then then
Speaker 12: all those little machinations, the minute to minute moves shouldn't
Speaker 12: matter very much to you at all, and in fact,
Speaker 12: you don't have to pay attention to any of it.
Speaker 1: Okay, so just just ignore it. This is we're in
Speaker 1: this for the long term. Yeah, okay, So I know
Speaker 1: I'm going to get that an answer to this question.
Speaker 1: But we were talking with Courtney Donahoe from Bloomberg a
Speaker 1: minute ago, and one of the topics we didn't get
Speaker 1: to was that people are rating their four oh one
Speaker 1: k's for emergency cash.
Speaker 5: I think I know your answer, but is that okay?
Speaker 12: Well, so, now there's recent legislation that allows people to
Speaker 12: take a thousand dollars out of their four to oh
Speaker 12: one k, you know, essentially no questions asked. And I
Speaker 12: you know, a thousand bucks is one thing, I guess,
Speaker 12: but when we're talking about taking more than that out
Speaker 12: of our four oh one K, I don't think it's
Speaker 12: a good idea. And what happens so often in crazy
Speaker 12: market spells like this. I still remember in two thousand
Speaker 12: and eight talking to friends that I worked with right
Speaker 12: who were like, I'm really scared about how much the
Speaker 12: market stopping. I am going to take some money out
Speaker 12: put it on the sidelines. Well, that has multiple impacts. One,
Speaker 12: it's hard to know or you take like if you're
Speaker 12: taking money out now after a big drop, you're locking
Speaker 12: in those losses, and then you have a really hard
Speaker 12: time to know when you should be putting that money
Speaker 12: back in. On top of the potential tax consequences of
Speaker 12: pulling money out of a four roh one k early.
Speaker 12: And so I think your best to leave your retirement
Speaker 12: accounts alone. And if at the end of this whole saga,
Speaker 12: when the market has steadied a little bit, You say,
Speaker 12: I don't. I was emotionally incapable of handling that. Then
Speaker 12: you need to have a different approach to your investments.
Speaker 12: Let's say you're eighty percent invested in stocks, Well, you
Speaker 12: probably need to smooth out the right a little bit
Speaker 12: and have a more diversified portfolio because you realize, at
Speaker 12: least for yourself emotionally, it's too difficult to handle that
Speaker 12: much stock exposure in your life. So that's one thing
Speaker 12: to consider. But you don't want to make any massive
Speaker 12: changes kind of when all the turmoil is happening.
Speaker 1: Okay, So yeah, I think that's kind of the message
Speaker 1: that I'm hearing from a lot of people is, you know,
Speaker 1: don't have a knee jerk reaction to this, because I
Speaker 1: know that we all feel like, oh my god, what's
Speaker 1: happening to all my money? But just it's gonna We're
Speaker 1: gonna have to write it out. It might be a
Speaker 1: little tough, but eventually we should be okay, we hope.
Speaker 12: Yeah, And we're starting to see signs at least that
Speaker 12: hopefully this tariff regime isn't going to stick around long term,
Speaker 12: that this is a negotiation tactic It's hard to tell though, right,
Speaker 12: Like it's hard to know what the end game is
Speaker 12: here and how this all shakes out, and what sort
Speaker 12: of you know, deals we come to with trading partners
Speaker 12: around the world. But I think the great thing is
Speaker 12: American capitalism of any place in the world, Like we
Speaker 12: are the most resilient country. We have incredible businesses that
Speaker 12: will find ways to prosper even in a tough environment
Speaker 12: like this.
Speaker 1: All Right, the host of How to Money on KF
Speaker 1: Jewel Larsgard, you can listen to him every Sunday from
Speaker 1: noon to two, and just like this morning, he's going
Speaker 1: to have more great financial advice for you.
Speaker 5: Thank you so much, Joel.
Speaker 12: Thanks Amy.
Speaker 1: All Right, let's get back to some of the stories
Speaker 1: coming out of the KFI twenty four hour newsroom. The
Speaker 1: roof of a club has collapsed in the Dominican Republic,
Speaker 1: killing at least thirteen people.
Speaker 5: Dozens more are hurt.
Speaker 1: Officials say CRUZ have been searching for potential survivors in
Speaker 1: the rubble at jet Set in Santo Domingo. It's not
Speaker 1: clear what caused the collapse. A nine year old girl
Speaker 1: in Westminster has helped police catch a suspected Burglar. Police
Speaker 1: says she called nine one one early Friday when the
Speaker 1: guy smashed a window to get into her family's home.
Speaker 4: Nine one Emergency Police are paramedic.
Speaker 1: The girl was upstairs and was able to tell the
Speaker 1: dispatcher that she heard shouting and banging on a door.
Speaker 1: The girl's father, who was in the kitchen, sprayed the
Speaker 1: guy with pepper spray and dragged him outside. The alleged
Speaker 1: intruder ran off, but was caught in the neighborhood. A
Speaker 1: woman and three kids have been rescued from a cliff
Speaker 1: and sill Mar. They were in a car that fell
Speaker 1: about one hundred and twenty feet down an embankment yesterday.
Speaker 1: The kid three, seven and twelve years old. The fire
Speaker 1: department says they all have minor injuries.
Speaker 5: A man appearing.
Speaker 1: Before a New York court got a scolding from a
Speaker 1: judge after he tried to use an AI generated avatar.
Speaker 1: The case is an employment dispute. The court had given
Speaker 1: Jerome de Wald permission to play a video with his
Speaker 1: arguments since he didn't have a lawyer, but the presiding
Speaker 1: judge halted things pretty quickly when she realized the person
Speaker 1: speaking in the video wasn't a real person, but an
Speaker 1: artificially artificial intelligence generated avatar.
Speaker 5: Hmm.
Speaker 1: I wonder how long it took her to realize that
Speaker 1: this is KFI and KOST HD two Los Angeles, Orange County, Southland.
Speaker 5: Weather from KFI.
Speaker 1: Some low clouds hanging around, mainly near the beaches, otherwise
Speaker 1: just sunny sky's HIGs in the upper sixties at the beaches,
Speaker 1: low to mid seventies for Metro La and Inlando c
Speaker 1: mid seventies to mid eighties in the valleys Inland Empire
Speaker 1: and Antelote Valley. It's going to warm up tomorrow and Thursday,
Speaker 1: with highs in the s seventies at the beach's eighties
Speaker 1: to mid nineties.
Speaker 5: Inland.
Speaker 1: It's fifty five in Los Alamitos, fifty one Santa Clarita,
Speaker 1: fifty six in Seal Beach, fifty five in Woodland Hills.
Speaker 1: Live from the KFI twenty four hour Newsroom. I'm Amy King.
Speaker 1: This has been your wake up call, and if you
Speaker 1: missed any wake up call, you can listen anytime.
Speaker 5: It's on the iHeartRadio app. Just search wake up Call.
Speaker 1: You've been listening to wake up Call with me, Amy King.
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