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 1: KFI and KOST HD two Los Angeles, Orange County.
Speaker 2: It's time for your morning wake up call. Here's Amy King.
Speaker 1: This is your wake up call for Tuesday, June third.
Speaker 1: I'm Amy King. We're flying high on wake up call
Speaker 1: this morning. Not that way flying high. We're not high
Speaker 1: because our little Sonny left the nest sunny West. Will
Speaker 1: comes in this morning, sits down and goes, I'm a
Speaker 1: little concerned, And I said why, and he goes, there's
Speaker 1: only one bird in the nest. And I said, that's
Speaker 1: because Sonny flew away. I know, but she did what
Speaker 1: she was supposed to do. She's around, she's not far by.
Speaker 1: She's not far away. In case you haven't heard, Sonny,
Speaker 1: the older of the two sisters the eagles in Big
Speaker 1: Bear Lake, left the nest yesterday. In fact, I found
Speaker 1: out about it because I had just driven home from
Speaker 1: work and I found out about it because I got
Speaker 1: a text from Will. All it said was OMG ten
Speaker 1: forty six fifteen, and that's when Sonny left the nest.
Speaker 1: So you can go back and check it out and
Speaker 1: I'm already on the YouTube at Friends of Big Bear Valley.
Speaker 1: They are searching around now to try to find Sonny.
Speaker 1: She was in one of the trees what they call
Speaker 1: the roosting tree for Jackie in Shadow yesterday, but who
Speaker 1: knows where she is this morning. But she Oh my goodness,
Speaker 1: it was so cool to see her fly away.
Speaker 2: She looks like it was just casual.
Speaker 1: She did a great job. She did a great job.
Speaker 1: I think all that practice helped. And then Gizmo's just
Speaker 1: sitting there like, uh, hello, whe'd go. Isn't that cool?
Speaker 1: There were like seventy thousand people watching it yesterday. Anyway,
Speaker 1: we're talking to Sandy Steers, Friends of Big Bear Valley
Speaker 1: at the bottom of the hour. You're gonna want to
Speaker 1: stick around for that. I know she's making the rounds
Speaker 1: on all the media stations. We get her first this morning,
Speaker 1: and she's going to be telling us, you know, what's next.
Speaker 1: Are we going to see Sonny again? When is gizmoment
Speaker 1: going to maybe take off? There's lots of questions to ask,
Speaker 1: so again we'll be talking to Sandy Steers at the
Speaker 1: bottom of the hour. Here's what's ahead on wake Up call.
Speaker 1: Police are looking for three robbers who broke into a
Speaker 1: home in Delray and zip tied the people inside. Police
Speaker 1: say one of the people was able to escape from
Speaker 1: the home last night and ran over to a community
Speaker 1: police station to get help. At least two of the
Speaker 1: robbers are said to have guns. A judge has blocked
Speaker 1: the Trump administration from using the seventeen to ninety eight
Speaker 1: Alien Enemies Act to deport Venezuelan migrants in the LA Area.
Speaker 1: Used District Judge John Holcomb, who was appointed by Trump
Speaker 1: in his first term, issued the ruling yesterday, saying the
Speaker 1: government hasn't promised the migrants due process. As I mentioned Sonny,
Speaker 1: he's left the nests. The first of the two baby
Speaker 1: eagles in the nest high above Big Bear Lake that
Speaker 1: thousands have been watching every day has flown off. Sonny's
Speaker 1: the older of the two that hatched more than twelve
Speaker 1: weeks ago. The younger eagle, Gizmo's, expected to fledge or
Speaker 1: fly away kinda any time. In the meantime, her parents,
Speaker 1: Jackie and Shadow, continue to visit the nests to feed
Speaker 1: Gizmo and protect her until she's ready to fly. Israel
Speaker 1: says it is not randomly attacking Palestinians despite what hamas
Speaker 1: led groups inside the Gaza strips say. ABC's Jodona Miller
Speaker 1: is going to join us in about two or three
Speaker 1: minutes to tell us more about that. If you've got
Speaker 1: parents or grandparents, ABC's Jim Ryan says, bad guys are
Speaker 1: going after them. He's going to tell us what they're
Speaker 1: doing and what you can do to help keep your
Speaker 1: parents and grandparents money safe. And an interesting new trend
Speaker 1: for millionaires, they're renting instead of buying. Joel Larsgard is
Speaker 1: going to join us at five point fifty and tell
Speaker 1: us why that's happening. And again Sandy with friends of
Speaker 1: Big Bear Valley talking about our little eagle who left
Speaker 1: the nest. That's coming up at just after five point thirty.
Speaker 1: Right now, let's say good morning to ABC's Jordana Miller,
Speaker 1: who's in Jerusalem. Jordana reports out of the Gaza strip
Speaker 1: are that Israeli troops fired on Palestinian civilians who are
Speaker 1: trying to get humanitarian aid. US Ambassador to the UN
Speaker 1: Mike Huckabee has pushed back on that.
Speaker 3: What's the saying, Well, Mike Huckabee is calling a lot
Speaker 3: of the reporting by some of the main networks in.
Speaker 4: The United States.
Speaker 3: He named CNN and others as inaccurate. Here's what we
Speaker 3: do know. Early this morning, in a scene that resembles
Speaker 3: what happened on Sunday, about somewhere between half a mile
Speaker 3: to three quarters of a mile away from the distribution
Speaker 3: center that's been set up. There's been several of them.
Speaker 3: This is a new initiative back by the Americans and
Speaker 3: the Israelis to distribute food directly to gosins and try
Speaker 3: to keep it out of the hands of Hamas early
Speaker 3: this morning, thousands had gathered to go into that distribution
Speaker 3: center when it opened at about six am. And it appears,
Speaker 3: according to the Israeli Army, that some of this crowd
Speaker 3: rushed one of the Israeli army positions outside of the
Speaker 3: distribution center, and Israel opened fire warning shots, and then
Speaker 3: it appears shots on the crowd to move them away
Speaker 3: from this area, and in the end, about twenty seven
Speaker 3: people were killed, several dozens of others injured. Again, this
Speaker 3: isn't at the site where people are gathering or getting food.
Speaker 3: It's not even in the perimeter right there of the
Speaker 3: distri distribution center. But you know, some way some five
Speaker 3: hundred to a thousand yards away from there. So it's
Speaker 3: not civilians who are getting food, but it's people who
Speaker 3: were waiting in line to go who The Israeli armies say,
Speaker 3: we're rushing their positions, and the Israeli armies that their
Speaker 3: troops were endangered. Clearly, this new system of distributing aid
Speaker 3: has a lot of problems. And here's the main one.
Speaker 3: That it to ask people to go through active combat zones,
Speaker 3: to line up in areas that are not exactly safe,
Speaker 3: and after almost two years of this conflict, to think
Speaker 3: that there won't be some in the crowd who might
Speaker 3: try to clash or engage with the Israeli army, I
Speaker 3: mean it's likely, and then we have deadly scenes like
Speaker 3: we have this morning, likely a version of what happened
Speaker 3: on Sunday. The Israeli Army this time put out a
Speaker 3: statement right away saying they did fire warning shots, they
Speaker 3: people did approach godsans did approach their soldiers, and that
Speaker 3: they know that there were, you know, some casualties.
Speaker 1: Okay, So Jordana, if they're saying we're here to give
Speaker 1: you aid and help and they're still getting rushed, by
Speaker 1: the crowds. Is that just a factor of the of
Speaker 1: the desperation or why aren't they Why aren't the people
Speaker 1: listening and staying back and staying in line? What's causing
Speaker 1: this to escalate?
Speaker 3: Well, first of all, I mean this is the first
Speaker 3: week we've seen the system up and running, and clearly
Speaker 3: it has some problems that have not and kinks that
Speaker 3: have not been worked out, and there's you know, widespread
Speaker 3: hunger and desperation. And again, the expectation that people would
Speaker 3: quietly wait in line for hours and there would not
Speaker 3: be any disturbances, you know, is in many senses dream
Speaker 3: right when this is you know, almost two years into
Speaker 3: a major war. So these issues have to be addressed,
Speaker 3: and whether that is pushing the uh you know, creating
Speaker 3: longer quarters for people to travel uh into the areas.
Speaker 3: Because at the actual distribution sites, there hasn't been a
Speaker 3: lot of violence. I mean, certainly people have been coming
Speaker 3: in and taking aid. The center itself. The Gods of
Speaker 3: Humanitarian Foundation says something like six million meals have been
Speaker 3: distributed in a week. That may sound like a lot,
Speaker 3: but when there's you know, over two million people, you know,
Speaker 3: that's just three meals per person in a week, right,
Speaker 3: it's not it's not a ton of food, but remember
Speaker 3: a meal. Also, at the same time, there's about one
Speaker 3: hundred trucks of ague going in and being distributed, you know,
Speaker 3: along the old lines of distribution, that is going up
Speaker 3: to warehouses and from there being just contributed to the
Speaker 3: two gossms. So there's two systems working in tandem. All
Speaker 3: of it together is still not enough though.
Speaker 1: Okay, well, hopefully they'll get it figured out because they
Speaker 1: this is not looking good, you know, for the Israeli's efforts,
Speaker 1: and they're saying we're trying to help, we're trying to
Speaker 1: get aid in and then shooting and killing people. So
Speaker 1: ABC's Jordana Miller, thanks as always for the information. We
Speaker 1: appreciate it. Tuck, all right, take care. Good morning. I'm
Speaker 1: Amy King. Thanks so much for starting your beautiful sunny
Speaker 1: day with us. Although we have drizzle in the forecast
Speaker 1: in some areas, but beautiful in Burbank, and it's beautiful
Speaker 1: in the skies above Big Bear Lake where Gizmo is
Speaker 1: up and flapping this morning. Here's what we're following in
Speaker 1: the KFI twenty four hour newsroom. Some people who lost
Speaker 1: their homes in the wildfire in January say they're not
Speaker 1: sure they're going to be able to rebuild. It's not
Speaker 1: that they don't want to, they say they're wary of
Speaker 1: government officials not moving fast enough, and say leadership just
Speaker 1: isn't there to get the job done. A project recovery
Speaker 1: survey shows that for every year it takes to get
Speaker 1: back in to rebuild, twenty percent will sell instead. Harvey
Speaker 1: Weinstein's not expected to take the stand in his sex
Speaker 1: crimes retrial in New York. Closing arguments are expected today
Speaker 1: following about six weeks of testimony. He was convicted in
Speaker 1: twenty twenty twenty twenty, but that conviction was thrown out.
Speaker 1: Weinstein maintains that all the sex he had was consensual.
Speaker 1: The twenty four witnesses in this trial have disputed that.
Speaker 1: La County marks the start of Pride Month with a
Speaker 1: flag raising at the City Administration Building in downtown La
Speaker 1: this morning. It'll be followed with another Pride flag raising
Speaker 1: at the County Department of Public Social Services in industry.
Speaker 1: The theme of Pride Month this year Pride. It begins
Speaker 1: with us the La Pride Parade that starts at sunset
Speaker 1: and Highland happens on Sunday. Let's say good morning now
Speaker 1: to ABC's Jim Ryan. So, Jim, if you have parents
Speaker 1: or grandparents, you got to listen up because there's bad
Speaker 1: guys out there and a lot of them are coming
Speaker 1: after your parents and grandparents.
Speaker 5: Well they are and having some success Saturday. I may
Speaker 5: if you look at the FBI statistics for twenty twenty four,
Speaker 5: and that's the latest year they have, there were one
Speaker 5: hundred and forty seven thousand complaints filed by people sixty
Speaker 5: and up. Now his people are getting ripped off by
Speaker 5: scammers out there. The total loss is four point eight
Speaker 5: billion dollars. Do the math there and that's eighty three
Speaker 5: thousand dollars the average laws to someone over sixty through
Speaker 5: one of these scamps eighty three thousand dollars. That means
Speaker 5: that some people got lost much much more than the
Speaker 5: case out of Florida that just came to light. A man,
Speaker 5: a ninety two year old man in Sun City, Florida,
Speaker 5: got into an online relationship he thought a romantic relationship.
Speaker 5: This person asked him for money time and time again.
Speaker 5: He ended up emptying out his bank account eight hundred
Speaker 5: thousand dollars. Turns out it wasn't a woman that you
Speaker 5: know in this romance that he was expecting. It was
Speaker 5: a prisoner, somebody in the Florida State prison, some guy
Speaker 5: who had gotten hold of a cell phone in his
Speaker 5: cell and was perpetrating these scams on people. And it's
Speaker 5: pervasive across the country.
Speaker 1: Okay, so guys, even when you're ninety two, you don't
Speaker 1: probably unless you have a lot of money, probably aren't
Speaker 1: going to have some young hot thing coming after you.
Speaker 5: Well, people want to believe what the heart wants, what
Speaker 5: the heart wants, amy.
Speaker 1: All right, So that's that's one one what they want. Yeah,
Speaker 1: so that's one of them. But there's other ones that
Speaker 1: are a little less, a little more, I don't know.
Speaker 1: They appeal to parents and grandparents where they say, hey,
Speaker 1: your kids are grand kids are at risk, and it's
Speaker 1: easy to.
Speaker 5: Do now, easier than it was ten fifteen years ago
Speaker 5: because you have AI spoofing the voice of that loved
Speaker 5: one on the phone, calling the grandparents and asking for
Speaker 5: help and money. Fishing and spoofing scams are the number
Speaker 5: one crime reported by people sixteen up to the FBI,
Speaker 5: twenty three thousand of those followed by tech support scams,
Speaker 5: which is kind of related to that, but they have
Speaker 5: fish and spoofing and your writing. It's something that older
Speaker 5: people are facing, and it's gotten easier for the scammers
Speaker 5: to do.
Speaker 1: Yeah, and so what about the tech support scams? What
Speaker 1: are those?
Speaker 2: Tech support?
Speaker 5: So you get an email, you get some notification on
Speaker 5: your Sometimes your computer will will flash a page that says, hey,
Speaker 5: your computer's going to get locked down. You need to
Speaker 5: call this number and talk to tech support. And you
Speaker 5: call up this number, eight hundred number, and they may
Speaker 5: even say, okay, yeah, this is a gig squad at
Speaker 5: bounced by what do you need? Or this is Microsoft
Speaker 5: the don't they shamelessly represent themselves as an actual company
Speaker 5: using the actual name Microsoft or you know, gate Squad
Speaker 5: or whatever, and then build trust with this person and say, okay,
Speaker 5: well I'm going to fix this issue for you, but
Speaker 5: there is a fee associated with it, and you need
Speaker 5: to pay us, sometimes in gift card, sometimes in bitcoin,
Speaker 5: never a legitimate means of payment or common means at least.
Speaker 5: And yeah, so tech support scams are one that target
Speaker 5: not only older people but just about anybody.
Speaker 1: Okay, so should kids be talking to their parents and
Speaker 1: grandparents and saying hey, mom, dad or grandma, grandpa, what
Speaker 1: here's what to look out for.
Speaker 5: Yeah, that's why the FBI puts this out every year.
Speaker 5: This is an elder Abuse Awareness Month, and that's kind
Speaker 5: of the call from the FBI is for people who
Speaker 5: have an older person in their lives, a parent, a grandparent,
Speaker 5: an elderly neighbor, to keep tabs on them, keep that
Speaker 5: line of communication open so that if this person is
Speaker 5: getting ripped off, or if somebody is trying to abuse
Speaker 5: them somehow neglect them, that you can help. Otherwise, people
Speaker 5: are losing their life savings. They're sometimes losing much more
Speaker 5: than that.
Speaker 1: So sad. And then of course you have to have
Speaker 1: the talk with grandpa. Grandpa, the hot young blonde is
Speaker 1: not coming after you. Yeah, all right, ABC instead Yeah
Speaker 1: you can't play bingo instead if he sees Jim Ryan,
Speaker 1: thanks as always for the info. Let's keep our parents
Speaker 1: and grandparents and even us safe because the scams are
Speaker 1: getting really good.
Speaker 5: We're going to be there one day, all.
Speaker 1: Right, Thanks Jim.
Speaker 2: Thanks Aby.
Speaker 1: When we come back, we're gonna be talking with Sandy
Speaker 1: Steers with friends of Big Bear Valley about our little eagle,
Speaker 1: who's left the nest and what's next in the life
Speaker 1: of the young eagles in Big Bear Lake. Let's say
Speaker 1: good morning to Sandy Steers with friends of Big Bear Valley.
Speaker 1: A very exciting morning, Sandy.
Speaker 4: Hi, Yes, it is very exciting.
Speaker 1: I yeah, so tell us. So Sonny left the nest
Speaker 1: at ten forty six fifteen yesterday morning. Her first flight
Speaker 1: caught on video and she flew like a champ.
Speaker 4: She did. Yes, she jumped off and took off.
Speaker 1: And how long did she fly? Because I also saw
Speaker 1: another view where they showed a kind of a wide
Speaker 1: angle of her kind of swooping around and flying around
Speaker 1: the tree. Basically, did she fly for very long or
Speaker 1: did she? Was it a short one?
Speaker 4: It was? It was a long one for a first one.
Speaker 4: But she flew around the tree and over to the
Speaker 4: roof tree that Jackie and Shadow's favorite roofs tree. So
Speaker 4: that's where she still lives.
Speaker 1: Okay, So, and that's really interesting to me. Will and
Speaker 1: I were talking about it earlier because we were like,
Speaker 1: so did she do they watch them? So they kind
Speaker 1: of like she had probably an idea like well that's
Speaker 1: where mom and dad go or was that just kind
Speaker 1: of where she landed. We don't really know because we
Speaker 1: don't know what's in her.
Speaker 4: Head, right, We don't know, but I'm sure she's seen
Speaker 4: them go there often, so it might have looked like
Speaker 4: a destination.
Speaker 1: Okay. And has she flown again since yesterday morning? Or
Speaker 1: she just hanging out now?
Speaker 4: She's just hanging out still.
Speaker 1: And I saw a picture, Sandy of the three of
Speaker 1: them all that same tree. Is that correct?
Speaker 4: Yes? Yeah, Jackie and Shadow spent the night there, and
Speaker 4: she's there a little bit above where they are.
Speaker 1: And poor little Gizmos all alone for the very first time,
Speaker 1: I've seeing him in the nest, seeing her in the nest.
Speaker 1: She's been flapping around pretty good. So do we have
Speaker 1: any Do we have any kind of idea how long
Speaker 1: it's going to be before Gizmo takes off?
Speaker 4: No, we really don't. It's totally up to her. This
Speaker 4: could make her leave sooner, it could make her wait longer.
Speaker 4: We don't know.
Speaker 1: Okay. And then what about Sonny, the older of the two,
Speaker 1: heading back to the nest. Are we expecting that to happen?
Speaker 4: Well, we try not to set up expectations in general,
Speaker 4: but all the other eagles have the eaglets. When they've left,
Speaker 4: they did come back to the nest in sometimes a day,
Speaker 4: sometimes a few days. So we'll see what she does next.
Speaker 1: Okay. And now that she Sonny is out of the nest,
Speaker 1: how does she get her food because she doesn't have
Speaker 1: Jackie and Shadow bringing it up to the nest for
Speaker 1: her anymore.
Speaker 4: Well, Jackie and Shadow will still be bringing her food.
Speaker 4: We'll still be protecting her and guarding her and following
Speaker 4: her around as she follows them around, so she can
Speaker 4: learn how to live, how to fish, how to find
Speaker 4: food in general. Yes, they'll be with her.
Speaker 1: Okay, that's so, that's very reassuring. And then here's another
Speaker 1: question for you, Sandy. Like the eaglets sleep in the
Speaker 1: nest and they lay down, but now Sonny doesn't have
Speaker 1: anywhere to lay down. So does she sleep just holding
Speaker 1: on to the branch like mom and Dad do.
Speaker 4: Yes, she does, and she has, in fact, for the
Speaker 4: past couple of weeks at least been off and on
Speaker 4: sleeping standing up, and so has Gizmo. They learned that early,
Speaker 4: and their talons, their toenails, their toes lock into place
Speaker 4: when they fall asleep, so they're good standing on the branch.
Speaker 1: Okay, so this morning, Gizmo is already up, and Gizmo,
Speaker 1: of course the eagle that's still in the nest, and
Speaker 1: I've seen her flapping her wings. Are there any kind
Speaker 1: of telltale signs, because like with Sonny, it looked like
Speaker 1: Sonny was ready to go, I haven't seen that with
Speaker 1: Gizmo as much yet.
Speaker 4: Right, Yeah, Gizmo hasn't looked as ready as Sonny did.
Speaker 4: Gizmo seems to like to lay in the nest and
Speaker 4: have mom feeder.
Speaker 1: She's lazy. She's lazy, But so far she looks really
Speaker 1: like there's there's no concern or anything because there's still
Speaker 1: a good window for her to fledge.
Speaker 4: Oh totally. And she's four days younger than than Sonny anyway,
Speaker 4: so yes, there's plenty of time.
Speaker 1: Okay. And with other eagles, have oh, she just kind
Speaker 1: of hopped up into the attic with other eagles, have
Speaker 1: you noticed that when one of them leaves the nest
Speaker 1: that it spurs the other one to go.
Speaker 4: We haven't ever had two, so we don't know.
Speaker 1: So it's a wait and see. It's a wait and see,
Speaker 1: all right, And what should be we should be watching
Speaker 1: for in the next few days, Sandy, just.
Speaker 4: When you know her doing flapping and practicing and being
Speaker 4: out on the different branches and h and also looking
Speaker 4: for maybe Sonny. We'll come back and then we'll see
Speaker 4: what they both decide to do. Their individuals, they get
Speaker 4: to make up their own mind.
Speaker 1: Okay, and I know that I've been obsessed with them.
Speaker 1: I'm sure that you have been obsessed with our eagles
Speaker 1: for the last few months. How does this all make
Speaker 1: you feel?
Speaker 4: Like excited, a little sad that I won't get to
Speaker 4: see them as much, A little bit of everything.
Speaker 1: Yeah, I was interested watching the comments yesterday, going by
Speaker 1: people saying, oh my god, I started crying. I started
Speaker 1: crying because we get so emotionally attached to these beautiful
Speaker 1: creatures and they're going to go and fly off and
Speaker 1: be free and it's amazing to watch. So thank you
Speaker 1: to friends of Big Bear Valley for putting that camera
Speaker 1: in and letting us take a little peek into nature.
Speaker 1: We appreciate your time, Sandy. I know you're busy this morning.
Speaker 1: You gotta make a lot of rounds on media because
Speaker 1: everybody wants to talk to the lady who watches the eagles.
Speaker 4: Yeah, thank you very much. For having me.
Speaker 1: All right, thanks so much, Sandy Steers, friends of Big
Speaker 1: Bear Valley, and always I like to mention this because
Speaker 1: it is a nonprofit. They have this camera up and
Speaker 1: they can't do it without donation. So whether and it
Speaker 1: doesn't he have to be just money. You can go
Speaker 1: to friends a Big Bear Valley. They have eagle calendars
Speaker 1: and they have little plush toys and that kind of stuff.
Speaker 1: So if you can make a donation and help so
Speaker 1: we can continue to watch this beautiful event in nature unfolding.
Speaker 1: It so cool. All right, Time to get in your
Speaker 1: business with Bloomberg's Courtney Donaho. Good morning, Courtney. Geez there,
Speaker 1: Hi Courtney, Okay, hello, Hi morning, good morning. Okay, let's
Speaker 1: talk about chicken. Dave's Hot Chicken. Oh my gosh, I
Speaker 1: love it has roots in La. It's turning up the
Speaker 1: heat exactly because the private equity owner of Subway, Duncan
Speaker 1: and Sonic jumping into Chicken were Capital is buying a
Speaker 1: seventy five percent steak in Dave's Hot Chicken, which is
Speaker 1: such a fast growing chain right now and it is
Speaker 1: quite delicious.
Speaker 6: This would value the chain known for its Nashville style
Speaker 6: Hot Chicken at a billion dollars. Dave's was launched in
Speaker 6: twenty seventeen. It was a pop up in a parking
Speaker 6: lot in LA but some of the big name investors
Speaker 6: include Drake and Samuel L.
Speaker 1: Jackson.
Speaker 6: Dave says it's going to use works franchise network to
Speaker 6: continue to expand the chain quickly, and it's got a
Speaker 6: pretty big one just knowing that it has so many
Speaker 6: different chains under its belts.
Speaker 1: It also has Buffalo Wah Wings too, So in less
Speaker 1: than ten years, the owner of Dave's could be a billionaire. Exactly.
Speaker 6: Nice exactly if you know, going from a parking lot
Speaker 6: in twenty seventeen to this unbelievable. But you know, when
Speaker 6: you have a good idea and it's managed relatively well,
Speaker 6: this is where the money goes.
Speaker 2: Yeah.
Speaker 1: So I got to talk to Dave one time. He
Speaker 1: brought he'd brought chicken into the station and we were
Speaker 1: just chatting about it, and he was telling me the
Speaker 1: story of how they started in the parking lot and
Speaker 1: then people came back the next day and said, as
Speaker 1: in more chicken, and they just kept going and kept
Speaker 1: going and it just spread from there. Pretty amazing story.
Speaker 1: I love it.
Speaker 6: And another thing too, is they have such a great
Speaker 6: so media profile and they have a lot of big
Speaker 6: name celebrities so that are tweeting about them, talking about them,
Speaker 6: and that keeps it top of mind, especially in social
Speaker 6: media where so many things go viral and people are
Speaker 6: saying hey, you know. And of course the hot chicken trend,
Speaker 6: which Chicken has become now the thing that a lot
Speaker 6: of fast food companies have been jumping on, and especially
Speaker 6: after we had the chicken wars a couple of years ago,
Speaker 6: remember with Chick fil A and Popeyes. So now another
Speaker 6: company just coming into the whole entire mix here.
Speaker 1: Okay, And of course we don't have a ton of
Speaker 1: time today because we had to talk about our little eagles.
Speaker 1: But tell us about what we're expecting for the markets today.
Speaker 6: Yeah, So the Organization for Economic Cooperation and Development, they're
Speaker 6: warning that the trade policies that we have from President
Speaker 6: Trump have tipped the world into a downturn. This is
Speaker 6: making people nervous, with the US among the hardest hits.
Speaker 6: So the oecdc's growth in the US slowing to one
Speaker 6: point six.
Speaker 1: Percent this year.
Speaker 6: They put out a forecast a couple of months ago,
Speaker 6: and it's already down from there. But they say all
Speaker 6: the uncertainty is hurting confidence, it's holding back investments. So
Speaker 6: that's why we're seeing pressure on stocks this morning. Futures
Speaker 6: down ninety points.
Speaker 1: And the good news is we started way down yesterday
Speaker 1: and ended up.
Speaker 6: Yeah, we got a late day boost. We saw a
Speaker 6: big rebound in tech shares. The S and P five
Speaker 6: hundred rose twenty four points in the Dow game thirty five.
Speaker 1: All right, that is Bloomberg's Courtney Donahoe getting in your
Speaker 1: business like we do every day at five point forty.
Speaker 1: Thanks so much. We'll talk to you tomorrow, Cortney. We
Speaker 1: see you later, all right, when we come back. An
Speaker 1: interesting new trend for millionaires. They're not buying, they're renting.
Speaker 1: Joe lars Guard is going to join us to tell
Speaker 1: us more about that, and also, if you're tempted to
Speaker 1: cash out your four to oh one k, he's got
Speaker 1: a word or two for you. That's coming up next.
Speaker 1: Let's say good morning to the host of How to
Speaker 1: Money on Sundays from twelve to two right here on KFI.
Speaker 1: It's Joel lars Guard. Joel, we have an interesting trend
Speaker 1: among millionaires. They're renting instead. Of buying.
Speaker 7: What's up with a Yeah, this is a study of
Speaker 7: people named Amy King who are just you know, loaded,
Speaker 7: but they're choosing to rent.
Speaker 2: And I'm just kidding. This is this is fast.
Speaker 7: Is fascinating to see, and I think most people are saying,
Speaker 7: I think that, oh, if you have millions of dollars, clearly,
Speaker 7: clearly you're going to buy a home, right because it
Speaker 7: just it just makes us why would you do anything
Speaker 7: else in building home? There's this kind of mentality in
Speaker 7: the United States of America that this is what leads
Speaker 7: to significant wealth a big part and when you look
Speaker 7: at the numbers, it's actually fairly true. For the average American,
Speaker 7: a big chunk of their net worth lies in the
Speaker 7: fact that they own a home. They've built up equity
Speaker 7: over the years. But we're seeing more millionaires bucking this
Speaker 7: trend and opting to rent instead of buy. And I
Speaker 7: think that this reflects a couple of things. I think
Speaker 7: it reflects the current state of the housing market and
Speaker 7: just how expensive it's gotten. We're starting to see kind
Speaker 7: of some softening and prices. We're seeing more sellers than buyers,
Speaker 7: which is interesting because you're thinking about like three years ago,
Speaker 7: it was the exact opposite.
Speaker 2: And we're also so when you look at like.
Speaker 7: The disparity between what you'd pay for an average apartment
Speaker 7: these days versus an average house, you have to have
Speaker 7: almost twice as much income to afford a mid priced home.
Speaker 7: Then you need to afford a mid priced apartment. And
Speaker 7: then a recent bank Rate study found that it's cheaper
Speaker 7: to rent than to buy in all fifty of the
Speaker 7: largest metro areas, which was not true eight years ago,
Speaker 7: was not true six years ago. So it's just really
Speaker 7: interesting to see as the market turns, people make different choices.
Speaker 7: And I think it's a good thing. You can still
Speaker 7: build wealth as a renter. And I think a lot
Speaker 7: of people have heard amy that. Yeah, well people have
Speaker 7: heard that renting is throwing money away, yeah, And I
Speaker 7: just think that that's patently false. Renting is putting a
Speaker 7: roof over your head and paying for it, and so
Speaker 7: you have to think you're getting utility out of renting.
Speaker 7: And if renting is going to save you money every
Speaker 7: single month, the disparity between what you pay in rent
Speaker 7: versus what you pay in your mortgage, well, if you
Speaker 7: are taking what you would have paid to buy the house,
Speaker 7: right and then the repairs on the house, which can
Speaker 7: be significant. Don't understell those. Then you can invest in
Speaker 7: your tax advantaged accounts in a much more significant way,
Speaker 7: building wealth through your future. So I think people think, oh,
Speaker 7: I got to buy the house to build the wealth.
Speaker 7: The truth is as a renter, you might actually have
Speaker 7: more capacity to build wealth.
Speaker 1: Okay, And speaking of the future, the other thing we
Speaker 1: wanted to touch on is that workers are cutting their
Speaker 1: four oh one K contributions.
Speaker 7: Yeah, so this is some new data that just came
Speaker 7: in from Morgan Stanley. And when I mean, you talk
Speaker 7: about it every day, all the headlines that are coming
Speaker 7: in just are not looking economically bright. There's tariffs, right,
Speaker 7: there's cuts to government spending. So a lot of people
Speaker 7: who work have federal jobs. They're like, they're freaking out
Speaker 7: about their future. And so what happens when it feels
Speaker 7: like recession predictions arising? Will people say I'm going to
Speaker 7: invest less. And I think there's one good side of
Speaker 7: this and one bad side to this. The good side
Speaker 7: of this is if you're cutting back on your investing,
Speaker 7: like let's say you dial your four one K contributions
Speaker 7: back from eight percent to five percent, that's okay for
Speaker 7: a time. If what you're doing with the extra money
Speaker 7: is putting it into savings, right if you're building up
Speaker 7: a liquid cash account to allow yourself to be prepared
Speaker 7: for harder financial situations that might come down the pike,
Speaker 7: that is okay with me. But sixty seven percent of
Speaker 7: people in this study said they're not prioritizing savings either,
Speaker 7: So they're dialing back on investments, they're not prioritizing savings.
Speaker 7: And to me, that's the clutch move is if you're
Speaker 7: going to dial back on investing, you have to increase
Speaker 7: your savings. If you're not, then I want you to
Speaker 7: keep investing where you are instead of just pulling money
Speaker 7: back and investing less in those retirement accounts so you
Speaker 7: can have more money to spend right now.
Speaker 1: Okay, and then you do. You need to keep in
Speaker 1: mind too that it's not like a dollar for dollar thing,
Speaker 1: because I noticed that when I increased my four h
Speaker 1: one K contribution by like three or four percent, it
Speaker 1: was like less than a percent of my take on
Speaker 1: pay that was reduced.
Speaker 2: So what do you mean by that?
Speaker 1: Well, I'm saying that if because it's pre tax that
Speaker 1: the four to one k is taken out. It's it's
Speaker 1: not like if I put an extra two hundred dollars
Speaker 1: a month in, it's not two hundred dollars less on
Speaker 1: my paycheck.
Speaker 2: Yes, that's exactly right. Yeah.
Speaker 7: And the other thing to note too is well, hey,
Speaker 7: what is my workplace contribution amount? And what do I
Speaker 7: have to do to earn the full match? So if
Speaker 7: you're saying I'm at six percent right now and they'll
Speaker 7: match three, I'm going to dial back to four. Well,
Speaker 7: if it means your employer's only putting in two percent, now,
Speaker 7: you've not just reduced your contribution amount by two percent,
Speaker 7: you've effectively reduced it by three percent. And you've you've
Speaker 7: taken free money off the table. So you have to
Speaker 7: be aware of that too. And again it might be
Speaker 7: wise if your liquid savings is paltry and you need
Speaker 7: to beef that up because you're worried about your job,
Speaker 7: you're worried about your industry, then that makes total sense
Speaker 7: to me. You need to be prepared in liquid savings
Speaker 7: are a huge part of that. If you go to
Speaker 7: how to money dot com and you click start here,
Speaker 7: I've got something.
Speaker 2: Called the money gears.
Speaker 7: Find out where you are in the money gears and
Speaker 7: that can help you know what to do next. I
Speaker 7: don't love seeing people invest less, but if it's a
Speaker 7: limited time only thing to boost your cash cushion, then
Speaker 7: I think it could be wise.
Speaker 1: Okay. For more great money advice, listen to how to
Speaker 1: Money on Sundays from noon to two right here on KFI.
Speaker 1: You can also follow Joel at how to Money. Joel
Speaker 1: It's Joe Larscard. Thank you so much for the great
Speaker 1: advice and information as always.
Speaker 2: Oh happy too, Thanks Amy.
Speaker 1: All right, talk to you next week. This has been
Speaker 1: your wake up call. If you missed any wake up call,
Speaker 1: you can listen anytime on the iHeartRadio app. You've been
Speaker 1: listening to wake Up Call with me Amy King. You
Speaker 1: can always hear wake Up Call five to six am
Speaker 1: Monday through Friday on KFI Am six forty and anytime
Speaker 1: on demand on the iHeartRadio app.