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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 1>KFI and KOST HD two Los Angeles, Orange County.

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

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<v Speaker 1>This is your wake up call for Tuesday, June third.

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<v Speaker 1>I'm Amy King. We're flying high on wake up call

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<v Speaker 1>this morning. Not that way flying high. We're not high

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<v Speaker 1>because our little Sonny left the nest sunny West. Will

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<v Speaker 1>comes in this morning, sits down and goes, I'm a

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<v Speaker 1>little concerned, And I said why, and he goes, there's

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<v Speaker 1>only one bird in the nest. And I said, that's

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<v Speaker 1>because Sonny flew away. I know, but she did what

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<v Speaker 1>she was supposed to do. She's around, she's not far by.

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<v Speaker 1>She's not far away. In case you haven't heard, Sonny,

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<v Speaker 1>the older of the two sisters the eagles in Big

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<v Speaker 1>Bear Lake, left the nest yesterday. In fact, I found

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<v Speaker 1>out about it because I had just driven home from

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<v Speaker 1>work and I found out about it because I got

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<v Speaker 1>a text from Will. All it said was OMG ten

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<v Speaker 1>forty six fifteen, and that's when Sonny left the nest.

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<v Speaker 1>So you can go back and check it out and

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<v Speaker 1>I'm already on the YouTube at Friends of Big Bear Valley.

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<v Speaker 1>They are searching around now to try to find Sonny.

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<v Speaker 1>She was in one of the trees what they call

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<v Speaker 1>the roosting tree for Jackie in Shadow yesterday, but who

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<v Speaker 1>knows where she is this morning. But she Oh my goodness,

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<v Speaker 1>it was so cool to see her fly away.

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<v Speaker 2>She looks like it was just casual.

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<v Speaker 1>She did a great job. She did a great job.

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<v Speaker 1>I think all that practice helped. And then Gizmo's just

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<v Speaker 1>sitting there like, uh, hello, whe'd go. Isn't that cool?

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<v Speaker 1>There were like seventy thousand people watching it yesterday. Anyway,

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<v Speaker 1>we're talking to Sandy Steers, Friends of Big Bear Valley

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<v Speaker 1>at the bottom of the hour. You're gonna want to

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<v Speaker 1>stick around for that. I know she's making the rounds

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<v Speaker 1>on all the media stations. We get her first this morning,

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<v Speaker 1>and she's going to be telling us, you know, what's next.

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<v Speaker 1>Are we going to see Sonny again? When is gizmoment

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<v Speaker 1>going to maybe take off? There's lots of questions to ask,

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<v Speaker 1>so again we'll be talking to Sandy Steers at the

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<v Speaker 1>bottom of the hour. Here's what's ahead on wake Up call.

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<v Speaker 1>Police are looking for three robbers who broke into a

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<v Speaker 1>home in Delray and zip tied the people inside. Police

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<v Speaker 1>say one of the people was able to escape from

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<v Speaker 1>the home last night and ran over to a community

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<v Speaker 1>police station to get help. At least two of the

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<v Speaker 1>robbers are said to have guns. A judge has blocked

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<v Speaker 1>the Trump administration from using the seventeen to ninety eight

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<v Speaker 1>Alien Enemies Act to deport Venezuelan migrants in the LA Area.

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<v Speaker 1>Used District Judge John Holcomb, who was appointed by Trump

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<v Speaker 1>in his first term, issued the ruling yesterday, saying the

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<v Speaker 1>government hasn't promised the migrants due process. As I mentioned Sonny,

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<v Speaker 1>he's left the nests. The first of the two baby

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<v Speaker 1>eagles in the nest high above Big Bear Lake that

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<v Speaker 1>thousands have been watching every day has flown off. Sonny's

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<v Speaker 1>the older of the two that hatched more than twelve

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<v Speaker 1>weeks ago. The younger eagle, Gizmo's, expected to fledge or

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<v Speaker 1>fly away kinda any time. In the meantime, her parents,

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<v Speaker 1>Jackie and Shadow, continue to visit the nests to feed

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<v Speaker 1>Gizmo and protect her until she's ready to fly. Israel

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<v Speaker 1>says it is not randomly attacking Palestinians despite what hamas

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<v Speaker 1>led groups inside the Gaza strips say. ABC's Jodona Miller

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<v Speaker 1>is going to join us in about two or three

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<v Speaker 1>minutes to tell us more about that. If you've got

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<v Speaker 1>parents or grandparents, ABC's Jim Ryan says, bad guys are

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<v Speaker 1>going after them. He's going to tell us what they're

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<v Speaker 1>doing and what you can do to help keep your

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<v Speaker 1>parents and grandparents money safe. And an interesting new trend

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<v Speaker 1>for millionaires, they're renting instead of buying. Joel Larsgard is

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<v Speaker 1>going to join us at five point fifty and tell

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<v Speaker 1>us why that's happening. And again Sandy with friends of

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<v Speaker 1>Big Bear Valley talking about our little eagle who left

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<v Speaker 1>the nest. That's coming up at just after five point thirty.

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<v Speaker 1>Right now, let's say good morning to ABC's Jordana Miller,

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<v Speaker 1>who's in Jerusalem. Jordana reports out of the Gaza strip

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<v Speaker 1>are that Israeli troops fired on Palestinian civilians who are

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<v Speaker 1>trying to get humanitarian aid. US Ambassador to the UN

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<v Speaker 1>Mike Huckabee has pushed back on that.

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<v Speaker 3>What's the saying, Well, Mike Huckabee is calling a lot

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<v Speaker 3>of the reporting by some of the main networks in.

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<v Speaker 4>The United States.

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<v Speaker 3>He named CNN and others as inaccurate. Here's what we

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<v Speaker 3>do know. Early this morning, in a scene that resembles

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<v Speaker 3>what happened on Sunday, about somewhere between half a mile

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<v Speaker 3>to three quarters of a mile away from the distribution

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<v Speaker 3>center that's been set up. There's been several of them.

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<v Speaker 3>This is a new initiative back by the Americans and

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<v Speaker 3>the Israelis to distribute food directly to gosins and try

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<v Speaker 3>to keep it out of the hands of Hamas early

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<v Speaker 3>this morning, thousands had gathered to go into that distribution

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<v Speaker 3>center when it opened at about six am. And it appears,

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<v Speaker 3>according to the Israeli Army, that some of this crowd

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<v Speaker 3>rushed one of the Israeli army positions outside of the

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<v Speaker 3>distribution center, and Israel opened fire warning shots, and then

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<v Speaker 3>it appears shots on the crowd to move them away

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<v Speaker 3>from this area, and in the end, about twenty seven

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<v Speaker 3>people were killed, several dozens of others injured. Again, this

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<v Speaker 3>isn't at the site where people are gathering or getting food.

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<v Speaker 3>It's not even in the perimeter right there of the

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<v Speaker 3>distri distribution center. But you know, some way some five

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<v Speaker 3>hundred to a thousand yards away from there. So it's

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<v Speaker 3>not civilians who are getting food, but it's people who

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<v Speaker 3>were waiting in line to go who The Israeli armies say,

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<v Speaker 3>we're rushing their positions, and the Israeli armies that their

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<v Speaker 3>troops were endangered. Clearly, this new system of distributing aid

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<v Speaker 3>has a lot of problems. And here's the main one.

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<v Speaker 3>That it to ask people to go through active combat zones,

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<v Speaker 3>to line up in areas that are not exactly safe,

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<v Speaker 3>and after almost two years of this conflict, to think

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<v Speaker 3>that there won't be some in the crowd who might

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<v Speaker 3>try to clash or engage with the Israeli army, I

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<v Speaker 3>mean it's likely, and then we have deadly scenes like

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<v Speaker 3>we have this morning, likely a version of what happened

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<v Speaker 3>on Sunday. The Israeli Army this time put out a

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<v Speaker 3>statement right away saying they did fire warning shots, they

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<v Speaker 3>people did approach godsans did approach their soldiers, and that

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<v Speaker 3>they know that there were, you know, some casualties.

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<v Speaker 1>Okay, So Jordana, if they're saying we're here to give

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<v Speaker 1>you aid and help and they're still getting rushed, by

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<v Speaker 1>the crowds. Is that just a factor of the of

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<v Speaker 1>the desperation or why aren't they Why aren't the people

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<v Speaker 1>listening and staying back and staying in line? What's causing

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<v Speaker 1>this to escalate?

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<v Speaker 3>Well, first of all, I mean this is the first

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<v Speaker 3>week we've seen the system up and running, and clearly

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<v Speaker 3>it has some problems that have not and kinks that

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<v Speaker 3>have not been worked out, and there's you know, widespread

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<v Speaker 3>hunger and desperation. And again, the expectation that people would

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<v Speaker 3>quietly wait in line for hours and there would not

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<v Speaker 3>be any disturbances, you know, is in many senses dream

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<v Speaker 3>right when this is you know, almost two years into

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<v Speaker 3>a major war. So these issues have to be addressed,

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<v Speaker 3>and whether that is pushing the uh you know, creating

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<v Speaker 3>longer quarters for people to travel uh into the areas.

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<v Speaker 3>Because at the actual distribution sites, there hasn't been a

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<v Speaker 3>lot of violence. I mean, certainly people have been coming

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<v Speaker 3>in and taking aid. The center itself. The Gods of

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<v Speaker 3>Humanitarian Foundation says something like six million meals have been

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<v Speaker 3>distributed in a week. That may sound like a lot,

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<v Speaker 3>but when there's you know, over two million people, you know,

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<v Speaker 3>that's just three meals per person in a week, right,

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<v Speaker 3>it's not it's not a ton of food, but remember

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<v Speaker 3>a meal. Also, at the same time, there's about one

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<v Speaker 3>hundred trucks of ague going in and being distributed, you know,

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<v Speaker 3>along the old lines of distribution, that is going up

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<v Speaker 3>to warehouses and from there being just contributed to the

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<v Speaker 3>two gossms. So there's two systems working in tandem. All

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<v Speaker 3>of it together is still not enough though.

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<v Speaker 1>Okay, well, hopefully they'll get it figured out because they

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<v Speaker 1>this is not looking good, you know, for the Israeli's efforts,

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<v Speaker 1>and they're saying we're trying to help, we're trying to

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<v Speaker 1>get aid in and then shooting and killing people. So

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<v Speaker 1>ABC's Jordana Miller, thanks as always for the information. We

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<v Speaker 1>appreciate it. Tuck, all right, take care. Good morning. I'm

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<v Speaker 1>Amy King. Thanks so much for starting your beautiful sunny

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<v Speaker 1>day with us. Although we have drizzle in the forecast

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<v Speaker 1>in some areas, but beautiful in Burbank, and it's beautiful

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<v Speaker 1>in the skies above Big Bear Lake where Gizmo is

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<v Speaker 1>up and flapping this morning. Here's what we're following in

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<v Speaker 1>the KFI twenty four hour newsroom. Some people who lost

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<v Speaker 1>their homes in the wildfire in January say they're not

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<v Speaker 1>sure they're going to be able to rebuild. It's not

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<v Speaker 1>that they don't want to, they say they're wary of

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<v Speaker 1>government officials not moving fast enough, and say leadership just

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<v Speaker 1>isn't there to get the job done. A project recovery

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<v Speaker 1>survey shows that for every year it takes to get

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<v Speaker 1>back in to rebuild, twenty percent will sell instead. Harvey

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<v Speaker 1>Weinstein's not expected to take the stand in his sex

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<v Speaker 1>crimes retrial in New York. Closing arguments are expected today

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<v Speaker 1>following about six weeks of testimony. He was convicted in

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<v Speaker 1>twenty twenty twenty twenty, but that conviction was thrown out.

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<v Speaker 1>Weinstein maintains that all the sex he had was consensual.

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<v Speaker 1>The twenty four witnesses in this trial have disputed that.

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<v Speaker 1>La County marks the start of Pride Month with a

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<v Speaker 1>flag raising at the City Administration Building in downtown La

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<v Speaker 1>this morning. It'll be followed with another Pride flag raising

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<v Speaker 1>at the County Department of Public Social Services in industry.

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<v Speaker 1>The theme of Pride Month this year Pride. It begins

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<v Speaker 1>with us the La Pride Parade that starts at sunset

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<v Speaker 1>and Highland happens on Sunday. Let's say good morning now

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<v Speaker 1>to ABC's Jim Ryan. So, Jim, if you have parents

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<v Speaker 1>or grandparents, you got to listen up because there's bad

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<v Speaker 1>guys out there and a lot of them are coming

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<v Speaker 1>after your parents and grandparents.

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<v Speaker 5>Well they are and having some success Saturday. I may

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<v Speaker 5>if you look at the FBI statistics for twenty twenty four,

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<v Speaker 5>and that's the latest year they have, there were one

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<v Speaker 5>hundred and forty seven thousand complaints filed by people sixty

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<v Speaker 5>and up. Now his people are getting ripped off by

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<v Speaker 5>scammers out there. The total loss is four point eight

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<v Speaker 5>billion dollars. Do the math there and that's eighty three

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<v Speaker 5>thousand dollars the average laws to someone over sixty through

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<v Speaker 5>one of these scamps eighty three thousand dollars. That means

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<v Speaker 5>that some people got lost much much more than the

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<v Speaker 5>case out of Florida that just came to light. A man,

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<v Speaker 5>a ninety two year old man in Sun City, Florida,

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<v Speaker 5>got into an online relationship he thought a romantic relationship.

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<v Speaker 5>This person asked him for money time and time again.

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<v Speaker 5>He ended up emptying out his bank account eight hundred

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<v Speaker 5>thousand dollars. Turns out it wasn't a woman that you

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<v Speaker 5>know in this romance that he was expecting. It was

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<v Speaker 5>a prisoner, somebody in the Florida State prison, some guy

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<v Speaker 5>who had gotten hold of a cell phone in his

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<v Speaker 5>cell and was perpetrating these scams on people. And it's

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<v Speaker 5>pervasive across the country.

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<v Speaker 1>Okay, so guys, even when you're ninety two, you don't

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<v Speaker 1>probably unless you have a lot of money, probably aren't

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<v Speaker 1>going to have some young hot thing coming after you.

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<v Speaker 5>Well, people want to believe what the heart wants, what

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<v Speaker 5>the heart wants, amy.

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<v Speaker 1>All right, So that's that's one one what they want. Yeah,

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<v Speaker 1>so that's one of them. But there's other ones that

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<v Speaker 1>are a little less, a little more, I don't know.

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<v Speaker 1>They appeal to parents and grandparents where they say, hey,

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<v Speaker 1>your kids are grand kids are at risk, and it's

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<v Speaker 1>easy to.

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<v Speaker 5>Do now, easier than it was ten fifteen years ago

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<v Speaker 5>because you have AI spoofing the voice of that loved

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<v Speaker 5>one on the phone, calling the grandparents and asking for

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<v Speaker 5>help and money. Fishing and spoofing scams are the number

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<v Speaker 5>one crime reported by people sixteen up to the FBI,

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<v Speaker 5>twenty three thousand of those followed by tech support scams,

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<v Speaker 5>which is kind of related to that, but they have

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<v Speaker 5>fish and spoofing and your writing. It's something that older

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<v Speaker 5>people are facing, and it's gotten easier for the scammers

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<v Speaker 5>to do.

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<v Speaker 1>Yeah, and so what about the tech support scams? What

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<v Speaker 1>are those?

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<v Speaker 2>Tech support?

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<v Speaker 5>So you get an email, you get some notification on

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<v Speaker 5>your Sometimes your computer will will flash a page that says, hey,

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<v Speaker 5>your computer's going to get locked down. You need to

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<v Speaker 5>call this number and talk to tech support. And you

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<v Speaker 5>call up this number, eight hundred number, and they may

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<v Speaker 5>even say, okay, yeah, this is a gig squad at

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<v Speaker 5>bounced by what do you need? Or this is Microsoft

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<v Speaker 5>the don't they shamelessly represent themselves as an actual company

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<v Speaker 5>using the actual name Microsoft or you know, gate Squad

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<v Speaker 5>or whatever, and then build trust with this person and say, okay,

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<v Speaker 5>well I'm going to fix this issue for you, but

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<v Speaker 5>there is a fee associated with it, and you need

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<v Speaker 5>to pay us, sometimes in gift card, sometimes in bitcoin,

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<v Speaker 5>never a legitimate means of payment or common means at least.

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<v Speaker 5>And yeah, so tech support scams are one that target

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<v Speaker 5>not only older people but just about anybody.

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<v Speaker 1>Okay, so should kids be talking to their parents and

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<v Speaker 1>grandparents and saying hey, mom, dad or grandma, grandpa, what

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<v Speaker 1>here's what to look out for.

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<v Speaker 5>Yeah, that's why the FBI puts this out every year.

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<v Speaker 5>This is an elder Abuse Awareness Month, and that's kind

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<v Speaker 5>of the call from the FBI is for people who

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<v Speaker 5>have an older person in their lives, a parent, a grandparent,

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<v Speaker 5>an elderly neighbor, to keep tabs on them, keep that

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<v Speaker 5>line of communication open so that if this person is

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<v Speaker 5>getting ripped off, or if somebody is trying to abuse

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<v Speaker 5>them somehow neglect them, that you can help. Otherwise, people

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<v Speaker 5>are losing their life savings. They're sometimes losing much more

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<v Speaker 5>than that.

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<v Speaker 1>So sad. And then of course you have to have

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<v Speaker 1>the talk with grandpa. Grandpa, the hot young blonde is

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<v Speaker 1>not coming after you. Yeah, all right, ABC instead Yeah

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<v Speaker 1>you can't play bingo instead if he sees Jim Ryan,

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<v Speaker 1>thanks as always for the info. Let's keep our parents

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<v Speaker 1>and grandparents and even us safe because the scams are

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<v Speaker 1>getting really good.

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<v Speaker 5>We're going to be there one day, all.

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<v Speaker 1>Right, Thanks Jim.

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<v Speaker 2>Thanks Aby.

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<v Speaker 1>When we come back, we're gonna be talking with Sandy

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<v Speaker 1>Steers with friends of Big Bear Valley about our little eagle,

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<v Speaker 1>who's left the nest and what's next in the life

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<v Speaker 1>of the young eagles in Big Bear Lake. Let's say

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<v Speaker 1>good morning to Sandy Steers with friends of Big Bear Valley.

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<v Speaker 1>A very exciting morning, Sandy.

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<v Speaker 4>Hi, Yes, it is very exciting.

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<v Speaker 1>I yeah, so tell us. So Sonny left the nest

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<v Speaker 1>at ten forty six fifteen yesterday morning. Her first flight

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<v Speaker 1>caught on video and she flew like a champ.

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<v Speaker 4>She did. Yes, she jumped off and took off.

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<v Speaker 1>And how long did she fly? Because I also saw

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<v Speaker 1>another view where they showed a kind of a wide

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<v Speaker 1>angle of her kind of swooping around and flying around

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<v Speaker 1>the tree. Basically, did she fly for very long or

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<v Speaker 1>did she? Was it a short one?

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<v Speaker 4>It was? It was a long one for a first one.

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<v Speaker 4>But she flew around the tree and over to the

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<v Speaker 4>roof tree that Jackie and Shadow's favorite roofs tree. So

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<v Speaker 4>that's where she still lives.

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<v Speaker 1>Okay, So, and that's really interesting to me. Will and

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<v Speaker 1>I were talking about it earlier because we were like,

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<v Speaker 1>so did she do they watch them? So they kind

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<v Speaker 1>of like she had probably an idea like well that's

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<v Speaker 1>where mom and dad go or was that just kind

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<v Speaker 1>of where she landed. We don't really know because we

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<v Speaker 1>don't know what's in her.

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<v Speaker 4>Head, right, We don't know, but I'm sure she's seen

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<v Speaker 4>them go there often, so it might have looked like

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<v Speaker 4>a destination.

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<v Speaker 1>Okay. And has she flown again since yesterday morning? Or

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<v Speaker 1>she just hanging out now?

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<v Speaker 4>She's just hanging out still.

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<v Speaker 1>And I saw a picture, Sandy of the three of

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<v Speaker 1>them all that same tree. Is that correct?

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<v Speaker 4>Yes? Yeah, Jackie and Shadow spent the night there, and

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<v Speaker 4>she's there a little bit above where they are.

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<v Speaker 1>And poor little Gizmos all alone for the very first time,

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<v Speaker 1>I've seeing him in the nest, seeing her in the nest.

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<v Speaker 1>She's been flapping around pretty good. So do we have

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<v Speaker 1>any Do we have any kind of idea how long

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<v Speaker 1>it's going to be before Gizmo takes off?

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<v Speaker 4>No, we really don't. It's totally up to her. This

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<v Speaker 4>could make her leave sooner, it could make her wait longer.

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<v Speaker 4>We don't know.

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<v Speaker 1>Okay. And then what about Sonny, the older of the two,

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<v Speaker 1>heading back to the nest. Are we expecting that to happen?

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<v Speaker 4>Well, we try not to set up expectations in general,

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<v Speaker 4>but all the other eagles have the eaglets. When they've left,

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<v Speaker 4>they did come back to the nest in sometimes a day,

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<v Speaker 4>sometimes a few days. So we'll see what she does next.

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<v Speaker 1>Okay. And now that she Sonny is out of the nest,

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<v Speaker 1>how does she get her food because she doesn't have

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<v Speaker 1>Jackie and Shadow bringing it up to the nest for

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<v Speaker 1>her anymore.

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<v Speaker 4>Well, Jackie and Shadow will still be bringing her food.

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<v Speaker 4>We'll still be protecting her and guarding her and following

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<v Speaker 4>her around as she follows them around, so she can

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<v Speaker 4>learn how to live, how to fish, how to find

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<v Speaker 4>food in general. Yes, they'll be with her.

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<v Speaker 1>Okay, that's so, that's very reassuring. And then here's another

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<v Speaker 1>question for you, Sandy. Like the eaglets sleep in the

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<v Speaker 1>nest and they lay down, but now Sonny doesn't have

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<v Speaker 1>anywhere to lay down. So does she sleep just holding

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<v Speaker 1>on to the branch like mom and Dad do.

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<v Speaker 4>Yes, she does, and she has, in fact, for the

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<v Speaker 4>past couple of weeks at least been off and on

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<v Speaker 4>sleeping standing up, and so has Gizmo. They learned that early,

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<v Speaker 4>and their talons, their toenails, their toes lock into place

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<v Speaker 4>when they fall asleep, so they're good standing on the branch.

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<v Speaker 1>Okay, so this morning, Gizmo is already up, and Gizmo,

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<v Speaker 1>of course the eagle that's still in the nest, and

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<v Speaker 1>I've seen her flapping her wings. Are there any kind

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<v Speaker 1>of telltale signs, because like with Sonny, it looked like

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<v Speaker 1>Sonny was ready to go, I haven't seen that with

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<v Speaker 1>Gizmo as much yet.

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<v Speaker 4>Right, Yeah, Gizmo hasn't looked as ready as Sonny did.

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<v Speaker 4>Gizmo seems to like to lay in the nest and

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<v Speaker 4>have mom feeder.

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<v Speaker 1>She's lazy. She's lazy, But so far she looks really

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<v Speaker 1>like there's there's no concern or anything because there's still

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<v Speaker 1>a good window for her to fledge.

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<v Speaker 4>Oh totally. And she's four days younger than than Sonny anyway,

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<v Speaker 4>so yes, there's plenty of time.

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<v Speaker 1>Okay. And with other eagles, have oh, she just kind

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<v Speaker 1>of hopped up into the attic with other eagles, have

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<v Speaker 1>you noticed that when one of them leaves the nest

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<v Speaker 1>that it spurs the other one to go.

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<v Speaker 4>We haven't ever had two, so we don't know.

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<v Speaker 1>So it's a wait and see. It's a wait and see,

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<v Speaker 1>all right, And what should be we should be watching

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<v Speaker 1>for in the next few days, Sandy, just.

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<v Speaker 4>When you know her doing flapping and practicing and being

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<v Speaker 4>out on the different branches and h and also looking

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<v Speaker 4>for maybe Sonny. We'll come back and then we'll see

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<v Speaker 4>what they both decide to do. Their individuals, they get

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<v Speaker 4>to make up their own mind.

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<v Speaker 1>Okay, and I know that I've been obsessed with them.

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<v Speaker 1>I'm sure that you have been obsessed with our eagles

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<v Speaker 1>for the last few months. How does this all make

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<v Speaker 1>you feel?

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<v Speaker 4>Like excited, a little sad that I won't get to

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<v Speaker 4>see them as much, A little bit of everything.

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<v Speaker 1>Yeah, I was interested watching the comments yesterday, going by

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<v Speaker 1>people saying, oh my god, I started crying. I started

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<v Speaker 1>crying because we get so emotionally attached to these beautiful

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<v Speaker 1>creatures and they're going to go and fly off and

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<v Speaker 1>be free and it's amazing to watch. So thank you

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<v Speaker 1>to friends of Big Bear Valley for putting that camera

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<v Speaker 1>in and letting us take a little peek into nature.

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<v Speaker 1>We appreciate your time, Sandy. I know you're busy this morning.

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<v Speaker 1>You gotta make a lot of rounds on media because

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<v Speaker 1>everybody wants to talk to the lady who watches the eagles.

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<v Speaker 4>Yeah, thank you very much. For having me.

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<v Speaker 1>All right, thanks so much, Sandy Steers, friends of Big

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<v Speaker 1>Bear Valley, and always I like to mention this because

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<v Speaker 1>it is a nonprofit. They have this camera up and

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<v Speaker 1>they can't do it without donation. So whether and it

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<v Speaker 1>doesn't he have to be just money. You can go

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<v Speaker 1>to friends a Big Bear Valley. They have eagle calendars

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<v Speaker 1>and they have little plush toys and that kind of stuff.

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<v Speaker 1>So if you can make a donation and help so

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<v Speaker 1>we can continue to watch this beautiful event in nature unfolding.

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<v Speaker 1>It so cool. All right, Time to get in your

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<v Speaker 1>business with Bloomberg's Courtney Donaho. Good morning, Courtney. Geez there,

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<v Speaker 1>Hi Courtney, Okay, hello, Hi morning, good morning. Okay, let's

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<v Speaker 1>talk about chicken. Dave's Hot Chicken. Oh my gosh, I

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<v Speaker 1>love it has roots in La. It's turning up the

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<v Speaker 1>heat exactly because the private equity owner of Subway, Duncan

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<v Speaker 1>and Sonic jumping into Chicken were Capital is buying a

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<v Speaker 1>seventy five percent steak in Dave's Hot Chicken, which is

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<v Speaker 1>such a fast growing chain right now and it is

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<v Speaker 1>quite delicious.

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<v Speaker 6>This would value the chain known for its Nashville style

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<v Speaker 6>Hot Chicken at a billion dollars. Dave's was launched in

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<v Speaker 6>twenty seventeen. It was a pop up in a parking

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<v Speaker 6>lot in LA but some of the big name investors

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<v Speaker 6>include Drake and Samuel L.

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<v Speaker 1>Jackson.

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<v Speaker 6>Dave says it's going to use works franchise network to

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<v Speaker 6>continue to expand the chain quickly, and it's got a

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<v Speaker 6>pretty big one just knowing that it has so many

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<v Speaker 6>different chains under its belts.

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<v Speaker 1>It also has Buffalo Wah Wings too, So in less

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<v Speaker 1>than ten years, the owner of Dave's could be a billionaire. Exactly.

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<v Speaker 6>Nice exactly if you know, going from a parking lot

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<v Speaker 6>in twenty seventeen to this unbelievable. But you know, when

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<v Speaker 6>you have a good idea and it's managed relatively well,

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<v Speaker 6>this is where the money goes.

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<v Speaker 2>Yeah.

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<v Speaker 1>So I got to talk to Dave one time. He

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<v Speaker 1>brought he'd brought chicken into the station and we were

421
00:22:44.599 --> 00:22:46.480
<v Speaker 1>just chatting about it, and he was telling me the

422
00:22:46.519 --> 00:22:49.480
<v Speaker 1>story of how they started in the parking lot and

423
00:22:49.519 --> 00:22:51.240
<v Speaker 1>then people came back the next day and said, as

424
00:22:51.279 --> 00:22:53.440
<v Speaker 1>in more chicken, and they just kept going and kept

425
00:22:53.480 --> 00:22:56.599
<v Speaker 1>going and it just spread from there. Pretty amazing story.

426
00:22:56.640 --> 00:22:57.039
<v Speaker 1>I love it.

427
00:22:57.079 --> 00:22:59.680
<v Speaker 6>And another thing too, is they have such a great

428
00:22:59.720 --> 00:23:02.079
<v Speaker 6>so media profile and they have a lot of big

429
00:23:02.160 --> 00:23:05.759
<v Speaker 6>name celebrities so that are tweeting about them, talking about them,

430
00:23:05.839 --> 00:23:08.880
<v Speaker 6>and that keeps it top of mind, especially in social

431
00:23:09.000 --> 00:23:11.480
<v Speaker 6>media where so many things go viral and people are

432
00:23:11.519 --> 00:23:14.079
<v Speaker 6>saying hey, you know. And of course the hot chicken trend,

433
00:23:14.480 --> 00:23:17.640
<v Speaker 6>which Chicken has become now the thing that a lot

434
00:23:17.680 --> 00:23:21.279
<v Speaker 6>of fast food companies have been jumping on, and especially

435
00:23:21.279 --> 00:23:23.400
<v Speaker 6>after we had the chicken wars a couple of years ago,

436
00:23:23.480 --> 00:23:28.559
<v Speaker 6>remember with Chick fil A and Popeyes. So now another

437
00:23:28.680 --> 00:23:30.759
<v Speaker 6>company just coming into the whole entire mix here.

438
00:23:30.960 --> 00:23:33.200
<v Speaker 1>Okay, And of course we don't have a ton of

439
00:23:33.200 --> 00:23:35.279
<v Speaker 1>time today because we had to talk about our little eagles.

440
00:23:35.279 --> 00:23:38.519
<v Speaker 1>But tell us about what we're expecting for the markets today.

441
00:23:38.720 --> 00:23:42.960
<v Speaker 6>Yeah, So the Organization for Economic Cooperation and Development, they're

442
00:23:43.039 --> 00:23:45.680
<v Speaker 6>warning that the trade policies that we have from President

443
00:23:45.720 --> 00:23:48.279
<v Speaker 6>Trump have tipped the world into a downturn. This is

444
00:23:48.319 --> 00:23:51.119
<v Speaker 6>making people nervous, with the US among the hardest hits.

445
00:23:51.119 --> 00:23:54.759
<v Speaker 6>So the oecdc's growth in the US slowing to one

446
00:23:54.759 --> 00:23:55.559
<v Speaker 6>point six.

447
00:23:55.359 --> 00:23:56.200
<v Speaker 1>Percent this year.

448
00:23:56.279 --> 00:23:58.400
<v Speaker 6>They put out a forecast a couple of months ago,

449
00:23:58.759 --> 00:24:01.319
<v Speaker 6>and it's already down from there. But they say all

450
00:24:01.359 --> 00:24:04.519
<v Speaker 6>the uncertainty is hurting confidence, it's holding back investments. So

451
00:24:04.640 --> 00:24:07.640
<v Speaker 6>that's why we're seeing pressure on stocks this morning. Futures

452
00:24:07.680 --> 00:24:08.720
<v Speaker 6>down ninety points.

453
00:24:09.000 --> 00:24:11.000
<v Speaker 1>And the good news is we started way down yesterday

454
00:24:11.000 --> 00:24:11.640
<v Speaker 1>and ended up.

455
00:24:12.359 --> 00:24:14.559
<v Speaker 6>Yeah, we got a late day boost. We saw a

456
00:24:14.559 --> 00:24:17.000
<v Speaker 6>big rebound in tech shares. The S and P five

457
00:24:17.079 --> 00:24:19.599
<v Speaker 6>hundred rose twenty four points in the Dow game thirty five.

458
00:24:19.880 --> 00:24:23.640
<v Speaker 1>All right, that is Bloomberg's Courtney Donahoe getting in your

459
00:24:23.640 --> 00:24:25.920
<v Speaker 1>business like we do every day at five point forty.

460
00:24:26.119 --> 00:24:27.920
<v Speaker 1>Thanks so much. We'll talk to you tomorrow, Cortney. We

461
00:24:28.039 --> 00:24:31.359
<v Speaker 1>see you later, all right, when we come back. An

462
00:24:31.359 --> 00:24:36.359
<v Speaker 1>interesting new trend for millionaires. They're not buying, they're renting.

463
00:24:37.880 --> 00:24:39.440
<v Speaker 1>Joe lars Guard is going to join us to tell

464
00:24:39.480 --> 00:24:41.640
<v Speaker 1>us more about that, and also, if you're tempted to

465
00:24:41.720 --> 00:24:44.359
<v Speaker 1>cash out your four to oh one k, he's got

466
00:24:44.400 --> 00:24:46.680
<v Speaker 1>a word or two for you. That's coming up next.

467
00:24:46.799 --> 00:24:48.880
<v Speaker 1>Let's say good morning to the host of How to

468
00:24:48.960 --> 00:24:51.960
<v Speaker 1>Money on Sundays from twelve to two right here on KFI.

469
00:24:52.039 --> 00:24:56.079
<v Speaker 1>It's Joel lars Guard. Joel, we have an interesting trend

470
00:24:56.240 --> 00:24:59.240
<v Speaker 1>among millionaires. They're renting instead. Of buying.

471
00:24:59.359 --> 00:25:02.440
<v Speaker 7>What's up with a Yeah, this is a study of

472
00:25:02.519 --> 00:25:06.640
<v Speaker 7>people named Amy King who are just you know, loaded,

473
00:25:06.680 --> 00:25:07.559
<v Speaker 7>but they're choosing to rent.

474
00:25:07.519 --> 00:25:09.880
<v Speaker 2>And I'm just kidding. This is this is fast.

475
00:25:11.079 --> 00:25:14.480
<v Speaker 7>Is fascinating to see, and I think most people are saying,

476
00:25:14.480 --> 00:25:18.200
<v Speaker 7>I think that, oh, if you have millions of dollars, clearly,

477
00:25:18.440 --> 00:25:22.039
<v Speaker 7>clearly you're going to buy a home, right because it

478
00:25:22.119 --> 00:25:23.599
<v Speaker 7>just it just makes us why would you do anything

479
00:25:23.599 --> 00:25:26.240
<v Speaker 7>else in building home? There's this kind of mentality in

480
00:25:26.240 --> 00:25:29.680
<v Speaker 7>the United States of America that this is what leads

481
00:25:29.759 --> 00:25:33.160
<v Speaker 7>to significant wealth a big part and when you look

482
00:25:33.160 --> 00:25:36.079
<v Speaker 7>at the numbers, it's actually fairly true. For the average American,

483
00:25:36.400 --> 00:25:38.799
<v Speaker 7>a big chunk of their net worth lies in the

484
00:25:38.839 --> 00:25:40.839
<v Speaker 7>fact that they own a home. They've built up equity

485
00:25:40.880 --> 00:25:44.319
<v Speaker 7>over the years. But we're seeing more millionaires bucking this

486
00:25:44.440 --> 00:25:48.240
<v Speaker 7>trend and opting to rent instead of buy. And I

487
00:25:48.279 --> 00:25:51.519
<v Speaker 7>think that this reflects a couple of things. I think

488
00:25:51.519 --> 00:25:54.440
<v Speaker 7>it reflects the current state of the housing market and

489
00:25:54.519 --> 00:25:57.200
<v Speaker 7>just how expensive it's gotten. We're starting to see kind

490
00:25:57.200 --> 00:26:01.440
<v Speaker 7>of some softening and prices. We're seeing more sellers than buyers,

491
00:26:01.480 --> 00:26:04.160
<v Speaker 7>which is interesting because you're thinking about like three years ago,

492
00:26:04.480 --> 00:26:06.039
<v Speaker 7>it was the exact opposite.

493
00:26:07.359 --> 00:26:09.119
<v Speaker 2>And we're also so when you look at like.

494
00:26:09.079 --> 00:26:14.160
<v Speaker 7>The disparity between what you'd pay for an average apartment

495
00:26:14.200 --> 00:26:17.079
<v Speaker 7>these days versus an average house, you have to have

496
00:26:17.160 --> 00:26:19.920
<v Speaker 7>almost twice as much income to afford a mid priced home.

497
00:26:20.319 --> 00:26:23.240
<v Speaker 7>Then you need to afford a mid priced apartment. And

498
00:26:23.279 --> 00:26:25.480
<v Speaker 7>then a recent bank Rate study found that it's cheaper

499
00:26:25.519 --> 00:26:27.920
<v Speaker 7>to rent than to buy in all fifty of the

500
00:26:28.039 --> 00:26:31.480
<v Speaker 7>largest metro areas, which was not true eight years ago,

501
00:26:31.599 --> 00:26:33.880
<v Speaker 7>was not true six years ago. So it's just really

502
00:26:33.920 --> 00:26:37.960
<v Speaker 7>interesting to see as the market turns, people make different choices.

503
00:26:38.039 --> 00:26:39.799
<v Speaker 7>And I think it's a good thing. You can still

504
00:26:39.839 --> 00:26:42.200
<v Speaker 7>build wealth as a renter. And I think a lot

505
00:26:42.200 --> 00:26:45.559
<v Speaker 7>of people have heard amy that. Yeah, well people have

506
00:26:45.599 --> 00:26:48.079
<v Speaker 7>heard that renting is throwing money away, yeah, And I

507
00:26:48.119 --> 00:26:51.119
<v Speaker 7>just think that that's patently false. Renting is putting a

508
00:26:51.160 --> 00:26:52.960
<v Speaker 7>roof over your head and paying for it, and so

509
00:26:53.039 --> 00:26:55.599
<v Speaker 7>you have to think you're getting utility out of renting.

510
00:26:55.880 --> 00:26:58.240
<v Speaker 7>And if renting is going to save you money every

511
00:26:58.279 --> 00:27:00.839
<v Speaker 7>single month, the disparity between what you pay in rent

512
00:27:00.920 --> 00:27:03.160
<v Speaker 7>versus what you pay in your mortgage, well, if you

513
00:27:03.240 --> 00:27:07.039
<v Speaker 7>are taking what you would have paid to buy the house,

514
00:27:07.119 --> 00:27:08.960
<v Speaker 7>right and then the repairs on the house, which can

515
00:27:09.000 --> 00:27:13.519
<v Speaker 7>be significant. Don't understell those. Then you can invest in

516
00:27:13.599 --> 00:27:17.079
<v Speaker 7>your tax advantaged accounts in a much more significant way,

517
00:27:17.319 --> 00:27:19.759
<v Speaker 7>building wealth through your future. So I think people think, oh,

518
00:27:19.759 --> 00:27:21.319
<v Speaker 7>I got to buy the house to build the wealth.

519
00:27:21.359 --> 00:27:23.640
<v Speaker 7>The truth is as a renter, you might actually have

520
00:27:24.000 --> 00:27:25.400
<v Speaker 7>more capacity to build wealth.

521
00:27:25.480 --> 00:27:28.160
<v Speaker 1>Okay, And speaking of the future, the other thing we

522
00:27:28.200 --> 00:27:31.920
<v Speaker 1>wanted to touch on is that workers are cutting their

523
00:27:31.960 --> 00:27:33.759
<v Speaker 1>four oh one K contributions.

524
00:27:35.000 --> 00:27:37.599
<v Speaker 7>Yeah, so this is some new data that just came

525
00:27:37.640 --> 00:27:41.680
<v Speaker 7>in from Morgan Stanley. And when I mean, you talk

526
00:27:41.720 --> 00:27:43.599
<v Speaker 7>about it every day, all the headlines that are coming

527
00:27:43.640 --> 00:27:48.839
<v Speaker 7>in just are not looking economically bright. There's tariffs, right,

528
00:27:48.880 --> 00:27:51.839
<v Speaker 7>there's cuts to government spending. So a lot of people

529
00:27:51.839 --> 00:27:55.440
<v Speaker 7>who work have federal jobs. They're like, they're freaking out

530
00:27:55.440 --> 00:27:59.720
<v Speaker 7>about their future. And so what happens when it feels

531
00:27:59.759 --> 00:28:03.599
<v Speaker 7>like recession predictions arising? Will people say I'm going to

532
00:28:03.680 --> 00:28:08.799
<v Speaker 7>invest less. And I think there's one good side of

533
00:28:08.799 --> 00:28:11.000
<v Speaker 7>this and one bad side to this. The good side

534
00:28:11.000 --> 00:28:14.680
<v Speaker 7>of this is if you're cutting back on your investing,

535
00:28:14.759 --> 00:28:17.240
<v Speaker 7>like let's say you dial your four one K contributions

536
00:28:17.240 --> 00:28:20.359
<v Speaker 7>back from eight percent to five percent, that's okay for

537
00:28:20.440 --> 00:28:23.799
<v Speaker 7>a time. If what you're doing with the extra money

538
00:28:24.039 --> 00:28:26.720
<v Speaker 7>is putting it into savings, right if you're building up

539
00:28:26.759 --> 00:28:30.160
<v Speaker 7>a liquid cash account to allow yourself to be prepared

540
00:28:30.359 --> 00:28:33.519
<v Speaker 7>for harder financial situations that might come down the pike,

541
00:28:33.960 --> 00:28:36.759
<v Speaker 7>that is okay with me. But sixty seven percent of

542
00:28:36.799 --> 00:28:39.759
<v Speaker 7>people in this study said they're not prioritizing savings either,

543
00:28:39.839 --> 00:28:42.759
<v Speaker 7>So they're dialing back on investments, they're not prioritizing savings.

544
00:28:43.000 --> 00:28:46.519
<v Speaker 7>And to me, that's the clutch move is if you're

545
00:28:46.519 --> 00:28:48.759
<v Speaker 7>going to dial back on investing, you have to increase

546
00:28:48.759 --> 00:28:51.039
<v Speaker 7>your savings. If you're not, then I want you to

547
00:28:51.119 --> 00:28:54.960
<v Speaker 7>keep investing where you are instead of just pulling money

548
00:28:54.960 --> 00:28:58.480
<v Speaker 7>back and investing less in those retirement accounts so you

549
00:28:58.480 --> 00:29:00.160
<v Speaker 7>can have more money to spend right now.

550
00:29:00.319 --> 00:29:02.240
<v Speaker 1>Okay, and then you do. You need to keep in

551
00:29:02.279 --> 00:29:04.319
<v Speaker 1>mind too that it's not like a dollar for dollar thing,

552
00:29:04.359 --> 00:29:06.240
<v Speaker 1>because I noticed that when I increased my four h

553
00:29:06.279 --> 00:29:10.200
<v Speaker 1>one K contribution by like three or four percent, it

554
00:29:10.240 --> 00:29:12.680
<v Speaker 1>was like less than a percent of my take on

555
00:29:12.799 --> 00:29:13.880
<v Speaker 1>pay that was reduced.

556
00:29:14.640 --> 00:29:16.799
<v Speaker 2>So what do you mean by that?

557
00:29:16.920 --> 00:29:19.920
<v Speaker 1>Well, I'm saying that if because it's pre tax that

558
00:29:19.960 --> 00:29:22.519
<v Speaker 1>the four to one k is taken out. It's it's

559
00:29:22.559 --> 00:29:24.880
<v Speaker 1>not like if I put an extra two hundred dollars

560
00:29:24.880 --> 00:29:27.640
<v Speaker 1>a month in, it's not two hundred dollars less on

561
00:29:27.680 --> 00:29:28.440
<v Speaker 1>my paycheck.

562
00:29:28.960 --> 00:29:30.359
<v Speaker 2>Yes, that's exactly right. Yeah.

563
00:29:30.440 --> 00:29:33.079
<v Speaker 7>And the other thing to note too is well, hey,

564
00:29:33.119 --> 00:29:36.200
<v Speaker 7>what is my workplace contribution amount? And what do I

565
00:29:36.240 --> 00:29:38.920
<v Speaker 7>have to do to earn the full match? So if

566
00:29:38.960 --> 00:29:41.279
<v Speaker 7>you're saying I'm at six percent right now and they'll

567
00:29:41.279 --> 00:29:43.160
<v Speaker 7>match three, I'm going to dial back to four. Well,

568
00:29:43.200 --> 00:29:45.480
<v Speaker 7>if it means your employer's only putting in two percent, now,

569
00:29:45.839 --> 00:29:48.640
<v Speaker 7>you've not just reduced your contribution amount by two percent,

570
00:29:48.720 --> 00:29:51.839
<v Speaker 7>you've effectively reduced it by three percent. And you've you've

571
00:29:51.960 --> 00:29:53.640
<v Speaker 7>taken free money off the table. So you have to

572
00:29:53.680 --> 00:29:56.279
<v Speaker 7>be aware of that too. And again it might be

573
00:29:56.480 --> 00:29:59.400
<v Speaker 7>wise if your liquid savings is paltry and you need

574
00:29:59.400 --> 00:30:01.640
<v Speaker 7>to beef that up because you're worried about your job,

575
00:30:01.640 --> 00:30:04.599
<v Speaker 7>you're worried about your industry, then that makes total sense

576
00:30:04.640 --> 00:30:06.319
<v Speaker 7>to me. You need to be prepared in liquid savings

577
00:30:06.359 --> 00:30:08.680
<v Speaker 7>are a huge part of that. If you go to

578
00:30:08.720 --> 00:30:10.279
<v Speaker 7>how to money dot com and you click start here,

579
00:30:10.319 --> 00:30:11.079
<v Speaker 7>I've got something.

580
00:30:10.880 --> 00:30:11.720
<v Speaker 2>Called the money gears.

581
00:30:11.880 --> 00:30:13.759
<v Speaker 7>Find out where you are in the money gears and

582
00:30:13.799 --> 00:30:15.759
<v Speaker 7>that can help you know what to do next. I

583
00:30:15.799 --> 00:30:18.480
<v Speaker 7>don't love seeing people invest less, but if it's a

584
00:30:18.519 --> 00:30:21.200
<v Speaker 7>limited time only thing to boost your cash cushion, then

585
00:30:21.240 --> 00:30:22.680
<v Speaker 7>I think it could be wise.

586
00:30:22.880 --> 00:30:25.799
<v Speaker 1>Okay. For more great money advice, listen to how to

587
00:30:25.960 --> 00:30:29.799
<v Speaker 1>Money on Sundays from noon to two right here on KFI.

588
00:30:29.880 --> 00:30:32.480
<v Speaker 1>You can also follow Joel at how to Money. Joel

589
00:30:32.519 --> 00:30:34.839
<v Speaker 1>It's Joe Larscard. Thank you so much for the great

590
00:30:34.839 --> 00:30:36.759
<v Speaker 1>advice and information as always.

591
00:30:36.960 --> 00:30:38.119
<v Speaker 2>Oh happy too, Thanks Amy.

592
00:30:38.119 --> 00:30:40.279
<v Speaker 1>All right, talk to you next week. This has been

593
00:30:40.440 --> 00:30:42.480
<v Speaker 1>your wake up call. If you missed any wake up call,

594
00:30:42.519 --> 00:30:45.920
<v Speaker 1>you can listen anytime on the iHeartRadio app. You've been

595
00:30:45.960 --> 00:30:48.640
<v Speaker 1>listening to wake Up Call with me Amy King. You

596
00:30:48.680 --> 00:30:51.119
<v Speaker 1>can always hear wake Up Call five to six am

597
00:30:51.200 --> 00:30:54.960
<v Speaker 1>Monday through Friday on KFI Am six forty and anytime

598
00:30:55.079 --> 00:30:57.440
<v Speaker 1>on demand on the iHeartRadio app.
