Speaker 1: You're listening to KFI AM six forty wake Up Call
Speaker 1: with me Amy King on demand on the iHeartRadio.
Speaker 2: App KFI and KOST HD two Los Angeles, Orange County.
Speaker 2: It's time for your morning wake up call. Here's Amy Ki.
Speaker 3: Good morning, five o'clock. Straight up.
Speaker 1: This is your wake up call for Tuesday, February eighteenth.
Speaker 3: I'm Amy King.
Speaker 1: We're live everywhere on the iHeartRadio app. Glad you're getting
Speaker 1: your day started with us. I got good news to
Speaker 1: start your day. It is Drink Wine Day. I'll be
Speaker 1: celebrating that a little bit later, maybe not just now,
Speaker 1: might be a little bit early, but later. Here's what's
Speaker 1: ahead on wake up call. Phones are banned at LA
Speaker 1: schools starting today. The ban on cell phones was past
Speaker 1: last June. It goes into effect today. Some classes are
Speaker 1: going to enforce it on the honor system. Others will
Speaker 1: actually take the phones away and lock them up during class.
Speaker 1: Officials say it's being done to get kids to focus
Speaker 1: on studies and to combat cyberbullying. A home that survived
Speaker 1: the Palisades fire last month has now been covered in mud.
Speaker 1: The seventy year old woman who owns the home says
Speaker 1: mud came into her house from every direction. Last week
Speaker 1: during heavy rains, she says she couldn't get out of
Speaker 1: her house for two days, and added that other people's
Speaker 1: trash cans and porta potties even washed onto her driveway.
Speaker 1: A federal judge is expected to rule today on a
Speaker 1: lawsuit filed by fourteen states against the Department of Government Efficiency,
Speaker 1: or DOGE. The states are asking for a temporary restraining
Speaker 1: order that would block DOGE from firing employees and gaining
Speaker 1: access to sensitive records. Speaking of those sensitive records, DOGE
Speaker 1: is trying to get access to IRS information, and we're
Speaker 1: going to be talking more about that with kfi's White
Speaker 1: House correspondent John Decker.
Speaker 3: That's coming up in just a couple of minutes.
Speaker 1: Also, we are going to take a trip over to
Speaker 1: Saudi Arabia with ABC's Chris Baccia talk about what Marco
Speaker 1: Rubio and others are going to be talking or have
Speaker 1: been talking about with Russian officials. Today. Southwest Airlines is
Speaker 1: making some cuts. We're going to be talking with Bloomberg's
Speaker 1: Dan Schwartzman, and also How to Money with the host
Speaker 1: of actually How to Money, with Joel Larsgard. He is
Speaker 1: the host of how to Money here on KFI. He's
Speaker 1: got lots of great information for us today on including
Speaker 1: how a great attitude can actually help you save more money.
Speaker 3: We'll check into that.
Speaker 1: And we have tickets to see our EESPEC t a
Speaker 1: celebration of the music of Aretha Franklin. It's coming to
Speaker 1: the Cerritos Center for the Performing Arts this Friday night.
Speaker 1: We've got five pair of tickets to give away sometime
Speaker 1: during wake up call, so keep your phones close. Let's
Speaker 1: get started with some of the stories coming out of
Speaker 1: the KFI twenty four hour newsroom. Riverside County Sheriff Chad
Speaker 1: Bianco has officially entered the twenty twenty six race for
Speaker 1: governor in California. He says public safety is a top priority,
Speaker 1: but it's not the only issue that needs to be
Speaker 1: addressed in the state.
Speaker 4: We have a failed school system, we have failed water policy,
Speaker 4: we have failed agricultural policy that is simply just sailing Californians.
Speaker 3: Bianco's a Republican. He says the passage of Prop.
Speaker 1: Thirty six last year shows that a lot of voters
Speaker 1: in California want to see change. At ballot measure toughened
Speaker 1: penalties for some crimes in the state. The La City
Speaker 1: Council is expected to make a final decision today on
Speaker 1: a proposal to offer eviction protections to Nanni's gardeners and
Speaker 1: others affected financially by the wildfires. Last week, the council
Speaker 1: couldn't advance a list of recommendations that would have prohibited
Speaker 1: eviction for non payment of rent and no fault evictions
Speaker 1: for renters who could show proof of economic hardships as
Speaker 1: a result of the fires. Protesters say they're making their
Speaker 1: feelings known during demonstrations against the Trump administration. Hundreds of
Speaker 1: people rallied in La and Long Beach yesterday as part
Speaker 1: of protests held across the United States. This woman says
Speaker 1: she's a nurse who works in child healthcare, and they're
Speaker 1: already seeing signs of government cutbacks.
Speaker 5: I've already started to affects them, and it's just going
Speaker 5: to affect them more some more that we see what's happening,
Speaker 5: and it's terrifying.
Speaker 1: The not My President protests were organized by what's called
Speaker 1: fifty to fifty one Movement, which planned demonstrations in all
Speaker 1: fifty states.
Speaker 3: Can you hear me now?
Speaker 4: Well?
Speaker 3: In the La School district.
Speaker 1: The answer is no, as a new policy goes into
Speaker 1: effects no cell phones.
Speaker 6: The ban on mobile devices is for use in classrooms.
Speaker 6: The district's board passed the ban last June in an
Speaker 6: effort to help kids focus on their studies and to
Speaker 6: over the increase in cyber bullying. The policy allows for
Speaker 6: some exceptions, including students who need phones for translation purposes
Speaker 6: or learning disabilities. In September last year, Governor Gavin Newsom
Speaker 6: signed AB thirty two sixteen, the Phone Free School Act,
Speaker 6: which requires every school district to develop a policy limiting
Speaker 6: the use of smartphones. By July one, twenty twenty six.
Speaker 6: Andrew Caravella, KFI News.
Speaker 1: Let's say good morning now to kfi's White House correspondent
Speaker 1: John Decker. John, the Department of Government Efficiencies trying to
Speaker 1: get access to personal taxpayer data from the IRS.
Speaker 3: What are they looking for and is it going to happen?
Speaker 7: Yeah, great questions, And I have not confirmed that's exactly
Speaker 7: what's happening over at the Internal Revenue Service, but let's
Speaker 7: assume it's happening. I don't know what they're looking for. Obviously,
Speaker 7: their big task as it relates to all of the
Speaker 7: efforts going into these various departments and agencies, is to
Speaker 7: find waste or fraud or abuse at these various government agencies.
Speaker 7: You know, Amy, there was a really important hearing that
Speaker 7: was held in a federal courtroom here in Washington yesterday,
Speaker 7: an emergency hearing because of the fact that of course
Speaker 7: it was President's Day, and Judge Tanya chuck In he
Speaker 7: had this hearing based upon a lawsuit file by thirteen
Speaker 7: state attorneys general. They are challenging the authority of the
Speaker 7: Department of Government Efficiency, and in the hearing she seemed
Speaker 7: really skeptical in terms of going along with what they want,
Speaker 7: which is a temporary restraining order on DOGE. She will
Speaker 7: likely issue her ruling today, and however she rules, it
Speaker 7: will likely be appealed to the DC's Circuit Court of Appeals,
Speaker 7: and ultimately may be decided by the US Supreme Court
Speaker 7: in terms of the authority of DOGE to go into
Speaker 7: these various departments and agencies and in some cases issued
Speaker 7: pink slips to workers federal workers working at those departments
Speaker 7: and agencies.
Speaker 1: Okay, so you mentioned that the judge yesterday who's being
Speaker 1: asked to make a ruling on the lawsuit asking for
Speaker 1: a temporary restraining order that she seemed skeptical. Did she
Speaker 1: say why she seemed skeptical of what DOJ's doing or
Speaker 1: skeptical of the lawsuit filed by the states.
Speaker 7: She seems very skeptical. She was not sympathetic to the
Speaker 7: arguments being put forward by these Democratic state attorneys general.
Speaker 7: She did not seem to agree with them that there
Speaker 7: was any illegality that has been committed by the so
Speaker 7: called Department of Government Efficiency. They are essentially a government consultant.
Speaker 7: They make recommendations and it's up to those in power
Speaker 7: as to whether or not they accept those recommendations. And
Speaker 7: Judge Tanya chuck And does not see anything wrong with that,
Speaker 7: at least based upon the questions that she was asking
Speaker 7: lawyers representing both the government as well as lawyers representing
Speaker 7: those thirteen Democratic state attorney general.
Speaker 1: Okay, and then the temporary restraining order that they're asking for.
Speaker 1: There are they saying ultimately they want to shut it
Speaker 1: down or that they just want it to be put
Speaker 1: on pause so everybody can dig into what actually.
Speaker 3: Is being done.
Speaker 7: Well, I think it's the latter. But what they want
Speaker 7: is a permanent injunction. Ultimately, that's what those. Yeah, I
Speaker 7: mean it's it's temporary because you still have to hear
Speaker 7: arguments based upon what it is that they're arguing, and
Speaker 7: that would be the reason for issuing that tro And
Speaker 7: then what is their ultimate goal, a permanent injunction to
Speaker 7: prevent the Department of Government Efficiency Elon Musk's team from
Speaker 7: going into these various federal government departments and agencies issuing
Speaker 7: pink slips. And to me, in just base, it's one judge,
Speaker 7: it's one judge in a long process. But this is
Speaker 7: remember the same judge that actually presided over for Donald
Speaker 7: Trump's election interference case before it was dismissed by the
Speaker 7: special counsel.
Speaker 6: She.
Speaker 7: You know, I don't think she can be painted with
Speaker 7: any broad brush in terms of being liberal or conservative,
Speaker 7: but based upon the arguments being put forward yesterday by
Speaker 7: these thirteen Democratic state attorneys general, she was not sympathetic
Speaker 7: to their arguments, which seems to me to indicate that
Speaker 7: she is unlikely to issue a temporary restraining order when
Speaker 7: she comes back with her ruling.
Speaker 1: Okay, and we're expecting that today. Then, John, I had
Speaker 1: another question for you. Of course, we're talking to White
Speaker 1: House correspondent John Decker everyone's hair is kind of on fire.
Speaker 1: The DOZE is trying to get into the IRS, and
Speaker 1: they're saying they could get DOGE could get personal information.
Speaker 1: I mean, do people think that they're going to start
Speaker 1: going line by line and look at what you made
Speaker 1: and what this millionaire made and what I made? I mean, like,
Speaker 1: what's the concern with DOGE looking into the IRS and
Speaker 1: whether they need to streamline things?
Speaker 7: Well, the only individuals that should be able to view
Speaker 7: that information and tell me if you disagree with me, amy,
Speaker 7: you know, are people that are authorized to do so
Speaker 7: at the Internal Revenue Service. You don't open that up
Speaker 7: to consultants. And I think that's the concern that people
Speaker 7: have if indeed that's what DOGE is doing or trying
Speaker 7: to do. You know, that information is private. In fact,
Speaker 7: think about you know, just the fact of looking at
Speaker 7: Donald Trump's tax returns. That is something that ultimately did
Speaker 7: happen in the last Congress. But you know that was
Speaker 7: because of a law that has been passed that allowed
Speaker 7: the chairman of the Senate Finance Committee and the House
Speaker 7: Ways and Means Committee to look at that information. But
Speaker 7: in any case as it relates to individual taxpayers not
Speaker 7: named Donald Trump. I think that there's just an overall
Speaker 7: concern about the privacy rights of taxpayers when they submit
Speaker 7: that information. I don't think anybody is thinking someday that
Speaker 7: some individual not connected to the government or as a
Speaker 7: tenuous connection to the government as a consultant, should be
Speaker 7: able to see their individual tax returns.
Speaker 1: But is there indication that that's what they're trying to
Speaker 1: do at this point, because aren't they going in to
Speaker 1: look for waste? And waste isn't looking at individual tax returns.
Speaker 6: Waste is looking for Well, that's right.
Speaker 7: Think about what I said at the very beginning of
Speaker 7: this part of the conversation, and that is I haven't
Speaker 7: seen anything that confirms that's exactly what they're doing. So
Speaker 7: we're just going down road assuming that's what they're doing.
Speaker 7: And if they're going down if we want to go
Speaker 7: down that road. Yeah, that's their ultimate task for every
Speaker 7: department and agency that they're going into is to find waste,
Speaker 7: to find fraud, to find abuse in terms of the
Speaker 7: way those agencies and departments are run.
Speaker 1: Yeah, And maybe that's part of the problem, John, is
Speaker 1: that people don't seem to know what exactly they're doing
Speaker 1: because they're moving at such lightning speed and basically instead
Speaker 1: of making surgical cuts, they're taking a sledgehammer to departments.
Speaker 1: And there's these huge recommendations for thousands and thousands of layoffs.
Speaker 3: So interesting.
Speaker 1: It's going to be interesting to see what all happens
Speaker 1: with us, that's for sure.
Speaker 7: Yeah, some of this will ultimately be decided by the
Speaker 7: courts and ultimately, I think by the US Supreme Court
Speaker 7: in terms of the authority that dog has and what
Speaker 7: its function should be as a consultant to the federal government.
Speaker 3: Yeah, okay.
Speaker 1: Kfi's White House correspondent, thank you so much for the
Speaker 1: information and insight.
Speaker 3: We appreciate it. We'll talk to you soon.
Speaker 7: Thank you, bye bye.
Speaker 2: You're listening to Wake Up Call on demand from KFI
Speaker 2: AM six forty.
Speaker 1: I love Chautauqua Boulevard and I love it because Debra
Speaker 1: mark and listen. I should never call anybody out for
Speaker 1: mispronouncing anything because I do it all the time myself.
Speaker 1: But she could not say shaittak would have saved her
Speaker 1: life the other day and it was so cute.
Speaker 3: Wow, I know, we love Debra.
Speaker 1: Riverside County Sheriff Chad Bianco says there are a lot
Speaker 1: of things wrong with California, and that's why he's running
Speaker 1: for governor.
Speaker 3: He announced his candidacy yesterday. He says he's thought.
Speaker 1: Long and hard about this and wants to fix the
Speaker 1: problems that have been driving people out of the state,
Speaker 1: like the high cost of living, high taxes, and crime.
Speaker 1: A shelter for illegal immigrants in San Diego is closing.
Speaker 1: One hundred and fifteen people worked at the shelter, but
Speaker 1: Jewish Family Services says it hasn't received any migrants since
Speaker 1: Inauguration Day and twenty two million dollars in FEMA funding
Speaker 1: is being cut. The shelter says it has helped nearly
Speaker 1: two hundred and fifty thousand people since twenty eighteen. It's
Speaker 1: six so five tandele on the news. Cell phones banned
Speaker 1: at all LA schools starting today. Right now, let's say
Speaker 1: good morning to ABC's Chris Baccia. So, Chris, things are
Speaker 1: moving fast and furious on what to do, not only
Speaker 1: in the Middle East but also.
Speaker 3: In Ukraine.
Speaker 1: And what's the latest, because we've heard that talks were
Speaker 1: held and talks have ended today.
Speaker 8: Good morning, and they have almost just ended. They went
Speaker 8: five hours in Saudi Arabia between the American side and
Speaker 8: the Russian side having discussions over how the war in
Speaker 8: Ukraine could potentially end. And I am just looking at
Speaker 8: the readout from the American side on that meeting and
Speaker 8: and some of the early signals that the delegation has
Speaker 8: sent back to US and the press. And again they
Speaker 8: met for five hours. This was sort of the talks
Speaker 8: about the talks, we could say, as both sides indicated
Speaker 8: that they'd be picking potential people to continue to carry
Speaker 8: the ball forward on these negotiations. But it certainly is
Speaker 8: an opening to something here after President Trump and Vladimir
Speaker 8: Putin spoke over the phone last week. And as you mentioned,
Speaker 8: the pace of this is not what we're really familiar
Speaker 8: with when we talk about diplomacy.
Speaker 1: Right, and you mentioned you're just getting the readout. We
Speaker 1: had planned on more to talk about what happened yesterday
Speaker 1: with the Gaza strip, and we'll get to that, but yeah,
Speaker 1: things are moving fast. And we just got word too
Speaker 1: that the talks had ended and no meeting has been
Speaker 1: set yet between Trump and Putin. But that's kind of
Speaker 1: the ultimate goal to get. As you said, the ball gets.
Speaker 8: Rolling, right, and that is a significant thing where that
Speaker 8: is you know, the Saudi Arabians have hosted this first summit,
Speaker 8: if you will, this first conversation we could call it.
Speaker 8: So whether or not they would host a second round
Speaker 8: between the heads of state is an open question. There's
Speaker 8: a big question about whether or not Vladimir Putin will
Speaker 8: meet with volodimeters Alenski, the president of Ukraine, who was
Speaker 8: notably absent from this meeting. But of course these are
Speaker 8: the two parties of the war, and Russia invaded Ukraine,
Speaker 8: so there's not necessarily a scenario, according to Vladimir Zelenski,
Speaker 8: where he does any deal without having that conversation directly
Speaker 8: with the Russians, directly with his counterpart, which is which
Speaker 8: is President Putin, and the Russians, through their spokesmen have
Speaker 8: not necessarily said that that's off the table, something they're
Speaker 8: open to, So all of these things are moving quickly.
Speaker 8: The Europeans, for their part, were not at the table either,
Speaker 8: and certainly some of them wish that they were. But
Speaker 8: Emanuel Metkrone, the President of France, gathered some important European
Speaker 8: leaders in Paris yesterday to have their concurrent conversation with
Speaker 8: how the Europeans will respond to whatever the scenario in
Speaker 8: Ukraine looks like in the coming months.
Speaker 3: Okay, Well, so we're going to have to wait and
Speaker 3: see on that.
Speaker 1: And then Rubio was in Saudi Arabia yesterday to hold
Speaker 1: me about what to do with the Gaza strip.
Speaker 3: Did they make any headway on that?
Speaker 8: Very little, if anything, that at least that we were told.
Speaker 8: But we know that the Saudi Arabians play play a
Speaker 8: really key role here. Normalization between Israel and Saudi Arabia
Speaker 8: was a slow moving process, but one that the first
Speaker 8: Trump administration kicked off with its Abraham Accords, and they
Speaker 8: were really looking towards that and they still are. But
Speaker 8: the Saudi Arabians are very clear to say that they
Speaker 8: won't recognize Israel diplomatically, they won't establish those ties unless
Speaker 8: certain conditions are met, and the key one is that
Speaker 8: Palestine gets a pathway to statehood, and certainly in the
Speaker 8: event that Palestinians are evicted from Gaza, which we've heard
Speaker 8: the President here in Washington established as a position of Washington,
Speaker 8: that's a non starter for the Saudi Arabians when it
Speaker 8: comes to their diplomatic relations with Israel or those relations
Speaker 8: that the Trump administration has worked toward establishing Yeah, and have.
Speaker 3: They said they're going to meet again about this or
Speaker 3: are no talks set.
Speaker 8: Not just yet. We really don't know even what the
Speaker 8: next twenty four hours hold at this point. They just
Speaker 8: got done with those five hours of meetings. They worked
Speaker 8: through lunch, and as far as what comes next, we
Speaker 8: don't know just yet.
Speaker 1: Okay, well, we'll be following it, and we appreciate your
Speaker 1: insight and your input. Chris Bachia, ABC News correspondent, appreciate it.
Speaker 3: Thanks so much.
Speaker 2: Thanks Amy, you're listening to Wake Up Call on demand
Speaker 2: from KFI AM.
Speaker 1: Six Forty hundreds of people gathered in downtown LA and
Speaker 1: Long Beach against President Trump. The Not My President gatherings
Speaker 1: held on President's Day were organized by the Fifty to
Speaker 1: Fifty one Movement to protest with the group called the
Speaker 1: anti democratic and i legal actions of the Trump administration
Speaker 1: and its plutocratic allies. Eighty people have survived the crash
Speaker 1: of a Delta Airlines jet that flipped over and landed
Speaker 1: on and it's roof while landing in Toronto. Eighteen were hurt.
Speaker 1: Snow was blown by gusty wins when the flight from
Speaker 1: Minneapolis attempted to land yesterday shortly after two. The tower
Speaker 1: had warned the pilots of a possible airflow bump in
Speaker 1: the glide path as the plane came into land at
Speaker 1: six oh five. It's handle on the news. Another hostage
Speaker 1: releases planned in Israel. This one will not have a
Speaker 1: happy ending. Let's say good morning to ABC's tech Quhiz
Speaker 1: Mike Debusky.
Speaker 4: Good morning, Mike, Good morning Amy.
Speaker 8: How are you.
Speaker 3: I'm great.
Speaker 1: So Elon musk Mania is in full swing and people
Speaker 1: are mad about the Doge cuts he's recommending.
Speaker 3: So what are they doing?
Speaker 4: Uh? They are protesting outside of Tesla locations. One of
Speaker 4: the protesters I was talking to said that Tesla stores
Speaker 4: Tesla superchargers provide a good attack surface to sort of
Speaker 4: voice people's concerns about Elon Musk's recent actions at the
Speaker 4: federal government. This is a protest movement that cropped up
Speaker 4: over the weekend. Some are calling it the Tesla take
Speaker 4: some are calling it the Tesla take down. We think
Speaker 4: that this affects about three dozen Tesla dealerships and Tesla
Speaker 4: supercharger locations across the country. And the goal, according to
Speaker 4: these demonstrators, is really to hey Elon Musk where it hurts.
Speaker 4: Tesla is one of his most prominent and public facing businesses,
Speaker 4: and it's where a lot of his revenue and money
Speaker 4: comes from. If you go to the sort of organizer's website,
Speaker 4: they say they have a couple goals here. They want
Speaker 4: owners to sell Tesla's dump stock and join the picket lines,
Speaker 4: and they say that hurting Tesla is stopping Musk, and
Speaker 4: stopping Musk will help save lives and democracy. Amy just
Speaker 4: a quick snapshot of some of the signs. Some of
Speaker 4: the chants that you might see at one of these
Speaker 4: protests say no to MAGA, ditch your Tesla, boycott Tesla,
Speaker 4: defund Musk, and go steal data on Mars.
Speaker 1: Okay, So, Mike, how many I mean you said there's
Speaker 1: three dozen locations that have been targeted at this point.
Speaker 1: I mean, is it thousands of people? Is it dozens
Speaker 1: of people who's showing up?
Speaker 4: Yeah, it's important not to overstate how widespread this is. Again,
Speaker 4: three dozen locations, but there are hundreds of Tesla locations
Speaker 4: across the country. There are some very well attended ones.
Speaker 4: One in Berkeley, California, had about two hundred people there,
Speaker 4: according to the BBC. I was talking to a protester
Speaker 4: in Portland, Oregon. He said about one hundred people showed
Speaker 4: up to this one particular location. Obviously, smaller locations, places
Speaker 4: that are you know, in major cities, are going to
Speaker 4: be more sparsely attended. There were some high profile figures
Speaker 4: there though, Among them Alex Winter, who is a documentary
Speaker 4: filmmaker prominent critic of big tech, probably best known for
Speaker 4: playing Bill in Bill and Ted's Excellent Adventure. He was
Speaker 4: at one of these protests. Cheryl Crowe was not at
Speaker 4: a protest, but she did post a video with the
Speaker 4: hashtag kind of associated with this movement of her selling
Speaker 4: her Tesla, and she did say that she donated the
Speaker 4: money from that sale to NPR. NPR frequently criticized by
Speaker 4: Elon musk as I said, there are hundreds of Tesla's
Speaker 4: stores across the country, so this could, you know, not
Speaker 4: really expected to know deeply affect sales at least this
Speaker 4: particular weekend. But you talk to any of these organizers
Speaker 4: and they say they expect their movement to grow in
Speaker 4: the coming weeks, potentially something Tesla should be concerned about,
Speaker 4: given that they saw their first ever sales decline last year.
Speaker 1: This would be interesting to watch because you know, there's
Speaker 1: been other efforts to cancel companies with conservative goalsers. I
Speaker 1: think of Chick fil A and Goya right off the
Speaker 1: top of my head, and ultimately I don't think either
Speaker 1: one of those were successful.
Speaker 3: But we will be watching ABC's Mike Debuski. Thank you
Speaker 3: so much for the information.
Speaker 8: Of course, take care, all right, have a great day.
Speaker 1: Now let's get into your business with Bloomberg's Dan Schwartzman.
Speaker 1: I know it's supposed to be Courtney Donaho, but she's
Speaker 1: been with us for two weeks and she's already taking
Speaker 1: a vacation. So instead we're going to say good morning
Speaker 1: to Dan schwart Horseman.
Speaker 3: Good morning, down.
Speaker 9: Two weeks in and a week off.
Speaker 3: I know, right, she's a slacker.
Speaker 9: Must be nice. I get the vacation, you know, I
Speaker 9: got to work the vacation week.
Speaker 10: She's off.
Speaker 3: Well, fantastic, you know what. We're happy to have you here.
Speaker 1: So, Dan, the first thing I wanted to ask you
Speaker 1: about was watching gold, and I just saw the price
Speaker 1: of gold is up at before trading starts today, at
Speaker 1: twenty nine hundred and thirty two dollars per ounce.
Speaker 3: It's a lot.
Speaker 9: It is a lot of Aman. It's only going to
Speaker 9: keep going up. Goldman Sachs raising its year end gold
Speaker 9: target now to thirty one hundred dollars an ounce. They're
Speaker 9: citing central bank buying and inflows into bully and backed
Speaker 9: exchange traded funds. Now, central bank demand, Amy could average
Speaker 9: fifty tons a month and bullying could hit thirty three
Speaker 9: hundred dollars an ounce if uncertainty of economic policy persists.
Speaker 9: It's mainly driven by investor concern over tariffs and also
Speaker 9: increase purchases by central banks. Kicking myself, Amy, we're not
Speaker 9: stocking up on Goldwin. It was like in the thousands,
Speaker 9: you know, I mean a three thousand dollars it's insane.
Speaker 3: Is that a record high?
Speaker 6: Oh?
Speaker 9: Yeah? Every day that it goes up, it's another record.
Speaker 9: It continues to just climb, clime, climb, but no end
Speaker 9: in sight right now?
Speaker 1: Okay, And you said that, like, just give us a
Speaker 1: quick little recap of why gold prices are going up.
Speaker 1: You said, economic worries. But it's a it's a typical
Speaker 1: thing that happens with the stock market.
Speaker 9: Right right, And you know when when it comes down
Speaker 9: to currencies and things like that, Aim you know, gold
Speaker 9: is like a safe bet to put your money in.
Speaker 9: You know, it's an actual tangible item that you can
Speaker 9: hold and keep. So it becomes very popular when people
Speaker 9: are worried about currencies and you see the influx and
Speaker 9: the dollar the end the euro and things like that.
Speaker 9: So gold is something you store in your safe and
Speaker 9: it's always going to have value. So people are buying
Speaker 9: it and kind of like holding on to it because
Speaker 9: of that.
Speaker 1: Okay, well you could use some of your goal to
Speaker 1: pay for your cable bill or maybe not, because the
Speaker 1: cable TV industry apparently is in a lot of trouble.
Speaker 9: Yes, because of me. I actually just cut the cord
Speaker 9: last week. I did. I did you know? I was
Speaker 9: paying a fortune and I it kind of went over
Speaker 9: my viewing habits, right, and I watch sports. But besides that,
Speaker 9: it's all Prime and it's Netflix and Apple TV Plus
Speaker 9: and all the streaming services. I'm really not watching cable.
Speaker 9: And what that's done, Amy, is the industry really is
Speaker 9: showing more and more signs of concern. How about this?
Speaker 9: AMC Networks. Their shares tumbled after the media company reported
Speaker 9: declining sales and a nearly four hundred million dollar impairment
Speaker 9: charge now the parent company of BBC America. They also
Speaker 9: have Sundance TV, and of course it's named Sake. Cable
Speaker 9: Network said revenue for the fourth quarter fell close to
Speaker 9: twelve percent. Now AD revenue in general fell twelve percent.
Speaker 9: So a lot of problems right now for cable TV
Speaker 9: and that entire industry.
Speaker 1: It'll be interesting to see if they figure out how
Speaker 1: to adapt or if they just kind of go the
Speaker 1: way of the DODO, because, like you said, more and
Speaker 1: more people are cutting and I.
Speaker 3: Don't watch TV nearly as much.
Speaker 1: I mean, I watch the screen, but I don't watch
Speaker 1: network TV the same way. If I want to watch something,
Speaker 1: I go to Paramount Plus or Hulu or something like
Speaker 1: that to watch it.
Speaker 9: Yeah, you don't want the commercials, Like I look forward
Speaker 9: to series that are coming on, For instance, What Reacher's
Speaker 9: starting up in a couple of days, I believe on Prime.
Speaker 9: And I can't remember the last time I thought to myself, Wow,
Speaker 9: I can't wait for that network TV show to come back,
Speaker 9: and then you have to watch it with commercials. I
Speaker 9: found myself watching what Shogun it was? I think on
Speaker 9: was it FX? The day after because I would DVR
Speaker 9: it so that I can fast forward commercials. We don't
Speaker 9: want commercials. We have no patience of that anymore.
Speaker 10: Amy.
Speaker 1: All right, Bloomberg's Dan Schwartzman getting in your business, and
Speaker 1: we'll talk to you again tomorrow because Courtney's a slacker
Speaker 1: and taking the whole week.
Speaker 9: Off sounds good. Talk to you tomorrow, right, Thank you, Dan.
Speaker 2: You're listening to a wake up call on demand from
Speaker 2: KFI AM.
Speaker 1: Six forty teachers at El Camino Real Charter High School
Speaker 1: have voted overwhelmingly to accept a new contract offer that
Speaker 1: ends a week long strike at the prestigious Woodland Hills school.
Speaker 1: The teachers' union says ninety seven point five percent of
Speaker 1: the teachers voted in favor of the deal that includes
Speaker 1: a nineteen percent pay raise over three years. The La
Speaker 1: City Council is expected to make a final decision today
Speaker 1: on a proposal to protect Nanny's guard and other residents
Speaker 1: impacted by last month's wildfires from being evicted. The council
Speaker 1: last week couldn't come up with a final list of
Speaker 1: recommendations that would have prohibited evictions for non payment of
Speaker 1: rent and no fault evictions for fire victims. The La
Speaker 1: Homeless Services Authority will conduct its first night of the
Speaker 1: annual Homeless Count tonight. Hundreds of volunteers fan out across
Speaker 1: the San Fernando and Santa Clarita Valleys and the Metro
Speaker 1: La area. The count was supposed to happen last month,
Speaker 1: but was delayed because of the wildfires. We're just minutes
Speaker 1: away from Handle. On the news, this morning's gonna have
Speaker 1: the latest on that plane crash where the plane landed,
Speaker 1: lost a wing and flipped over and everybody survived. Let's
Speaker 1: say good morning now to the host of How to
Speaker 1: Money Sundays noon to two right here on KFI.
Speaker 3: It's Joel Larscard.
Speaker 10: Morning, Joel, Morning Amy.
Speaker 1: Okay, so Joel, I've been mentioning this all hour and
Speaker 1: having a good attitude can help you make more money.
Speaker 3: Yes, how is that pause?
Speaker 2: That is?
Speaker 3: That's great news. I have a great attitude about this.
Speaker 10: Yes, me too, Me too. I'm like naturally an optimist.
Speaker 11: I know everyone kind of comes out of the womb
Speaker 11: with different personality tendencies, but I usually just kind of
Speaker 11: some might say, overly optimistic. But there's this new study
Speaker 11: from the American Psychological Association, and they basically found that
Speaker 11: people who are more optimistic about the future. It actually
Speaker 11: that optimism helps them save more money, helps them be
Speaker 11: smarter with their finances.
Speaker 10: I think that's kind of cool.
Speaker 3: I'm concerned about this though, because I tend to.
Speaker 10: Be at sound like a pessimist right now.
Speaker 4: Yah.
Speaker 1: I tend to be optimistic, but I am not great
Speaker 1: with my money.
Speaker 11: Yeah, okay, So I think that's where's that disconnect. I
Speaker 11: don't know what the American Psychological Association would say about that,
Speaker 11: but I think my take on why this is the case,
Speaker 11: why more optimistic people tend to do better with saving
Speaker 11: for the future, is it's not necessarily this causation thing.
Speaker 10: I think it's more of a correlation.
Speaker 11: And I think some people might say, oh, you're manifesting
Speaker 11: something into existence by being more optimistic. I think it's
Speaker 11: more along the lines of, if you believe that good
Speaker 11: things are coming down the pike for your future, then
Speaker 11: you're just more likely to put your money where your
Speaker 11: mouth is. And so if you're saying brighter years are ahead,
Speaker 11: I'm looking forward to tomorrow, it's just easier to kind
Speaker 11: of sink that money into that. What did Walt Disney
Speaker 11: call it? The bright, beautiful tomorrow?
Speaker 10: Right?
Speaker 11: So, I think people feel more inclined to stick money
Speaker 11: into their retirement accounts, or to stick more money into
Speaker 11: their high yield savings account to kind of to save
Speaker 11: up and to get ready.
Speaker 10: For that beautiful tomorrow.
Speaker 11: But if you are pessimistic, and you're like and I
Speaker 11: think this might actually be indicative too of a national mood.
Speaker 11: I think it's not just a personal optimism that's necessary.
Speaker 11: But when people are interviewed and you ask them about
Speaker 11: how they feel about the country, you know their mood
Speaker 11: has turned more sour. Yet when you ask them about
Speaker 11: what's going on in their own personal lives, they tend
Speaker 11: to be more optimistic. And so I think we as
Speaker 11: individuals should focus more on the locus of control that
Speaker 11: we have, which is, you know, we can't really impact
Speaker 11: a bunch of things happening at the national level or
Speaker 11: even the state level, but when it comes to our
Speaker 11: own futures, we do have more say so than we
Speaker 11: like to think.
Speaker 1: Okay, well I am hopeful, so I'm going to go
Speaker 1: put some money away today.
Speaker 10: That's what I like to hear.
Speaker 1: Okay, I wanted to talk to you about this because
Speaker 1: there was all this, there was lots of ads, I
Speaker 1: guess I haven't seen them as much recently, but they're
Speaker 1: talking about, hey, your your data is too slow, you
Speaker 1: can't get a good signal, or you can't get any
Speaker 1: information down on your computer, and so they're really pushing
Speaker 1: the high speed connections on your home internet.
Speaker 3: And of course that costs money, so is it worth it?
Speaker 11: Yeah, So don't take my word for it, but see
Speaker 11: that published an article this past week and they basically
Speaker 11: talked about how a bunch of people across the nation
Speaker 11: are overpaying for internet speeds. And I think it's largely
Speaker 11: because we have succumbed to the marketing and so it's
Speaker 11: like terabyte speeds, all right, I'll pay one hundred bucks
Speaker 11: a month for the fastest speeds around and yet for
Speaker 11: the way most people use their Internet, they just don't
Speaker 11: need it. It's it's like bringing a bazooka to a
Speaker 11: knife fight sort of thing. And I think the same
Speaker 11: can be actually true of like cell phone data. People
Speaker 11: have become sold on the fact that they need unlimited
Speaker 11: data on their cell phone, and then they fork over
Speaker 11: an arm and a leg every single month for their
Speaker 11: cell phone bill because hey, got to cover myself just
Speaker 11: in case. But the truth is most people are attached
Speaker 11: to a Wi Fi signal, either at work or at
Speaker 11: home most of the time, and so you could probably
Speaker 11: save a substantial amount by going with a three gig
Speaker 11: or a five gig a month plan. Just look at
Speaker 11: your past data usage to kind of see what would
Speaker 11: fit your lifestyle, and yeah, maybe you may save twenty
Speaker 11: five forty bucks a month. Well, the same is true
Speaker 11: on the home internet front, where if you are assuming
Speaker 11: that you need terabyte speeds or gigabyte speeds, but maybe
Speaker 11: three hundred meg speeds or maybe one hundred megabyte speeds
Speaker 11: would do just fine. Well, think about how much you
Speaker 11: could save by actually downgrading your internet speeds. And so
Speaker 11: much of it depends more people working from home. How
Speaker 11: many files are you uploading? Do you have like eight
Speaker 11: people in your house streaming simultaneously. So the mileage may
Speaker 11: vary on this suggestion, but I do think there are
Speaker 11: a lot of people who have said, oh, I need
Speaker 11: the fastest speeds in existence, and the truth is to
Speaker 11: do most of the basic things that many of us do,
Speaker 11: checking our email, watching a video here or there, you
Speaker 11: don't necessarily need the fastest speeds around, and you could
Speaker 11: stand to save quite a bit of money by downgrading
Speaker 11: a little bit.
Speaker 1: So even if it was twenty five dollars a month,
Speaker 1: if you go, oh, it's just twenty five dollars, but
Speaker 1: then you add that up, it's three hundred dollars a year,
Speaker 1: and that's three thousand dollars and ten years. And if
Speaker 1: you invest that money smartly, you could be very optimistic
Speaker 1: about your future as you add to your coffers.
Speaker 11: Yes, and I think people like undersell the twenty five
Speaker 11: dollars a month thing because there's this thing called the
Speaker 11: aggregation of marginal gains. And so you save twenty five
Speaker 11: bucks on your internet bill and then you save thirty
Speaker 11: bucks on your cell phone bill. And it's in particular
Speaker 11: with those recurring charges. Like people like to I think
Speaker 11: laugh at me sometimes about canceling some of those subscription services,
Speaker 11: but it's like, man, all those things add up, and
Speaker 11: if you just kind of pay a little bit more
Speaker 11: attention and maybe spend a few hours one day this week,
Speaker 11: and you work hard to cancel some of those things
Speaker 11: in your life or to bring the price down, those
Speaker 11: savings just kind of recurringly come back to you. It's
Speaker 11: something you do once and yet you save perpetually, so
Speaker 11: I think that's one of the best ways to save.
Speaker 11: Even though some people think it's small potatoes, I think
Speaker 11: those small potatoes do add up.
Speaker 1: Always great advice from our buddy Joel Larsgard, and you
Speaker 1: can get more great advice on how to money right
Speaker 1: here on KFI Sundays noon to two. Joel, thank you
Speaker 1: so much. Thanks Amy, you've been listening to Wake Up
Speaker 1: Call with me Amy King. You can always hear Wake
Speaker 1: Up Call five to six am Monday through Friday on
Speaker 1: KFI AM six forty and anytime on demand on the
Speaker 1: Heart Radio app.