May 9, 2023 • 50 mins
President Biden and House Speaker McCarthy are set to meet today as financial markets brace for a possible June 1st Government default. Hollywood is referring to the WGA Strike as "The Netflix Strike" - but why? And KFI's Tech Reporter Rich DeMuro returns for 'Tech Tuesday'! Google IO is happening tomorrow (what is that?), Twitter is planning on doing some housekeeping, and Apple recently launched a bunch of games to play as part of their Apple Arcade.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Your listings. Kf I AM sixforty the Bill Handles show on demand on
the iHeartRadio app and Good Morning BillHandle here in the morning crew kf I
AM six forty five everywhere on theiHeartRadio app. A couple of things going
on today. Looks like LA Unifiedthe school district is going to okay a
(00:21):
new labor deal with the teachers unionand it's a good one for the teachers.
Looks like LA Unified has caved.They haven't had a they haven't had
a contract for a long time.And the writer strike continues now second week,
and I'll do a story about thata little bit later on and why
this is called the Netflix strike,and that's coming up next segment at seven
(00:45):
twenty. All Right, big storyfinancially, I mean the big story financially
is the President is set to speakto meet with the House Speaker, Kevin
McCarthy, as the clock is tickingtowards the government default as early as June
first, maybe a couple of weekslater, depending on the revenues that are
coming into the federal government. AndI'll tell you why this is such a
(01:10):
big deal going into default, whichis clearly what Kevin McCarthy and the Republicans
are prepared to do means, andwe've never done this before, means by
all experts in economy and the financialmarkets that it's going to be a big
(01:30):
hit recession, big recession virtually guaranteedmillions of jobs, lost value of the
stock market dropping precipitously. And hereis the issue which we've never had before,
and that is the Republicans are deadset on spending cuts, which they
(01:53):
always are, and that is alegitimate concern there. That's why we have
a system of government where you havethe Liberals where there's no program they've ever
met that they don't want to spendmoney on, no matter what. As
far as they're concerned, anybody whohas money should spend money on the people
who don't have money. Money isalmost somehow having a lot of money somehow
(02:17):
immoral. Almost You've got to shareit, all right, you have to
share it, and the Republicans aregoing the other way. If you have
money, you should be able tohang onto it. And as far as
the social set, safety net,you know what people should work and the
safety net is a croc at leastto a great extent. So that's legitimate.
(02:37):
I mean, I have no problemwith the government's going one way or
the other depending on who's in power. Now, what has never happened before
is the party in power. Inthis case, Kevin McCarthy and Republicans in
Congress are saying, we will notincrease the debt limit until you Democrats and
(02:58):
Biden specific give us substantial spending cutsover the next ten years. You don't
give it to us, We're notgoing to let it to the US borrow
the money. Well, let metell you there's a big difference between for
example, going past the date ofthe budget where we don't have money to
pay, because we still have themoney, we just have to vote.
(03:19):
Congress has to vote the ability tospend the money. That's what happens every
couple of years, and that's afight. This one is massive. This
one is if we don't allow ourselvesto borrow the money, there is no
money. It's not just being lateon payments, it's there is no money.
And these are for bills that arealready due, and that means default.
(03:45):
And that means the dollar the strongesteconomy in the world, the US
economy. That means that the wholeworld relying on us as the safest economy
and investing in dollars that's going toprobably disappear. Origin Tina defaulted, I
think in the seventies or eighties,took him ten years to recover. That's
(04:06):
a big one and what Biden wants. And I'm backing up Biden on this
one because no president, no matterof what party, has ever been denied
a clean bill in which the moneyis able to be borrowed raising the debt
ceiling. President Trump got the Republicansbehind him. There was no question that.
(04:32):
When Congress was in Republican hands,and of course the presidency was in
Republican hands, the government just handedhim a debt ceiling bill without even arguing.
And by the way, we're stillin trillion dollars deficits under Trump,
as well as trillion dollar deficits thatwe are now under Biden. And so
(04:53):
it has become a political football.The problem with this political football is at
the very future of our economic basisis really at risk. Politics has now
preempted everything. Politics has preempted andI'm not kidding here, your job,
your savings, your four O oneK plan, and our reputation around the
(05:15):
world as the strongest, most valuableeconomy that exists. That's where we've come
to. And that's scarier than hill, that really is. And Biden is
saying, I want to clean Bill, will be more than happy to talk
about tax cuts. We can dothat all day long. Pass bills,
don't pass bills. Negotiate of course, but you can't screw with this.
(05:43):
And McCarthy says, too bad.Is it going to happen? I'm hoping
not. And if the President caveson this, well, that means Congress
will basically control a major portion ofwhat a president can do. McCarthy is
saying that it will be us thatcontrols the economy until a Republican comes in.
(06:03):
Then it's then no problem. That'swhat I hate is the sheer hypocrisy
of this drives me crazy. Nowthe Hollywood strike is going on easily,
the writers strike. You see themup and down. They're right near here.
If you seen them on I thinkit's right across from Burbank Studios,
and they're on not on all ofbut I think where it turns into Kawanga,
(06:28):
there they are on the corner ofthe studio and they are picketing up
and down and they're moving and doing, they're screaming as striking as strikers do.
And again, depending on where yousit, I'm what's going on.
Well, the strikers are striking.Will not agreed to the deal that the
(06:48):
emotion picture and television producers I haveput on the table. And here is
what's going on. Everybody is stuckbetween a rock and a hard place.
The traditional kind tracks that existed betweenwriters and particularly television producers you can throw
out the window. And one wordreally is the cause of all of this
(07:12):
trouble. One small, well nowbig snowball started it all. And that's
a little company called Netflix. AndI remember a lot of us do if
you're over the age of fifty.When Netflix, you got those seeds.
Now you got those DVDs by mail. You would watch a movie and depending
on what your subscription is, youcould either do three or five at a
time or one at a time.And so this is being known as a
(07:35):
Netflix strike because Netflix is the eighthundred pound gorilla in the room, the
elephant in the room. The gorillais that the elephant is that the ostrich
I'll get at some point. Andwhat Netflix has done has just upended the
entire business model and broken it infundamental ways. According to an executive producer
(07:57):
and writer for Queer as Folk onPeacock, I never saw that. Dear
white people on Netflix, never sawthat. And so you've got hundreds of
WGA Writers Guild America writers are onthe picket line and they're demonstrating, and
a lot of them outside of Netflix'soffice. They want better pay, they
want working conditions. Now, oneof the big issues is pay. Used
(08:20):
to be writers were hired for aseason. A given season twenty two episodes.
By the way, do you knowthe first the first television show that
went into reruns. I Love Lucywas the first one, and it was
Desi Arnez who came up with thatidea. Desi Arnez was a genius.
(08:41):
By the way, if you everwant a biography as someone who was a
genius in Hollywood, look up DesiArnez. The guy was just absolutely brilliant.
Well, in those days, itwas thirty nine episodes, and a
full season is considered twenty two episodes. I mean, when you look at
a TV series that has twenty twoepisodes, you go wow, I mean
(09:03):
that's huge, enormous. And thenwhat Netflix did, and now the other
streaming services eighteen twelve ten some limitedto six a season. That's very different.
Well, that means writers are beingpaid for six episodes instead of twenty
two. And their argument is,even though there are more shows to write
(09:28):
four, they're getting a whole lotless money. And there's the entire issue
of syndication and residuals, which usedto be a big part of it.
That's all done too. You getpaid and you go home, and we
can do whatever the hell we wantwith the series. We can run it
again and again, resell it toother streaming services, resell it to other
(09:52):
markets. I'm a member of SAGAFTRAScreen Screen Actors Guild and after the American
Federation of Television and Radio Artists.I love that term. They actually call
us artists artist Go figure that out. And because I am, in quote
an actor, I was in onemovie in my entire life, and I
(10:15):
had a tiny little speaking part.It was and Wagged the Dog. I
still get residual checks. I justgot one from they just sold it to
a streaming service in Finland, andI got my check for I don't know
twenty three cents or twenty eight centsor something. I guess annually, I
probably get under three dollars in variouschecks. Well, I get residuals.
(10:39):
The writers don't, and that's whatthey're upset about, and they're arguing it
makes it harder support families. Thereare minimums that are being paid. And
one of the writers says streaming isthe problem. It is the problem.
On demand viewing has changed everything insteadof weekly viewing, and weekly viewing needs
(11:05):
more episodes. Who watches TV weeklyviewing anymore? I don't. I hate
it. I'll wait till the endof the season so I can binge it.
And that's what I love about Netflix. They will drop an entire series
and I just sit there for threedays and I watch it. I mean,
that's my idea of watching, asis many of yours. But you
(11:28):
have to have big hits when youonly do six or eight. Netflix has
come through big side, big time, and there is there is the fight.
How many writers are on a writingteam. It's now much smaller,
shorter TV seasons, fewer episodes,artists paid up front. Here you go,
(11:54):
we get we're paying you X dollarsfor an episode, which is good
money. Don't misunderstand I mean,it beats working at a fast food establishment,
but it's one payment, one time. And I don't know if you've
ever talked to a writer who haswritten a TV show or written a movie,
it takes a long time to writeand rewrite and rewrite again. So
(12:18):
that's what's going on with this strike. We're going to see who caves on
this one, unfortunately for the writers, and it's true, what's happening to
them? What's going on? Andthen you have the producers, and there's
one association of some three hundred andfifty producers of TV and movies that have
banded together, and there's one thisorganization speaks on behalf of all of them,
(12:41):
and they're saying, there's so muchcompetition out there that we're barely making
money. Yeah, yeah, Lookat the financial statements of these companies.
You know your Netflix. Oh here'sone that I thought was interesting. You
know which Netflix spends a year oncontent? Seventeen billion dollars just on content.
(13:05):
And there's some great shows, butnot all of them are hits.
One of my favorite, one ofthe big ones. Oh, and they're
making them internationally too, and thatis not particularly wonderful for the writers here.
One of the biggest hits they've everhad is squid games. I love
squid games, gratuitous violence where peoplegot their brains, blow it out,
(13:26):
blown off, right there. God, I love those. We'll see what
happens with the strike second week.There is something that we have not heard
before, and that is the termtip creep. Makes all the sense to
me, and in the same sortof the same same thought is emotional blackmail.
(13:46):
Now we know what emotional blackmail is, but I don't know if you
think of emotional blackmail as being askedto tip. I do, and it
is, well, it's gone crazynow with tipping. The other day I
went to a restaurant and here Iam, and I always leave cash by
the way as a tip. Ihappen to be a good guy. And
I know that the servers, thewaiters, or the female or the female
(14:09):
or the male waitresses, one ofthe two. I always get them confused.
I know they're going to tell theirs exactly how much money they get
when it's cash, So I tendto say, here's some cash. Now.
I get handed the receipt that Iget to sign on my credit card,
and of course underneath it It's likeall receipts. It's the amount of
money you pay and then tip,and then the total and at the bottom.
(14:31):
Now it gives you what tipping shouldbe. If you tip fifteen percent,
it is X dollars. If youtip eighteen, if you tip twenty.
There are restaurants now that start ateighteen percent. Come on, there's
not even room for other They justgive Weather's room. But they just give
(14:54):
you those totals and then those tipjars. You remember there was a time
when there weren't tip jars. Imean, are you embarrassed when you don't
tip? I do? I am? You know, usually I'm not embarrassed.
But you got some person making miserablemoney behind the counter relative relative to
someone who has like big marketable skills. I mean, if you if you're
(15:18):
behind a counter and there's the tipjar there, you're not making a lot
of money, and in many casesyou're making minimum wage. So you know,
my heart goes out to you,but I'm shamed into leaving a tip
or going through the supermarket on theclerk. Hey, would you like to
either round up? Would you liketo leave some money for a charity?
What's this for? Well? Ithelps feed starving kids. I'm fine with
(15:41):
starving kids. No, I'm notgonna do it. And the point is
that it has gotten ridiculous, evento the point where let's say go to
the airport and you want to buya bottle of water and you take it
from the refrigerator and you bring tosomeone behind the counter. You go here,
(16:03):
they scan it and that'll be ninedollars and you're handed a credit card
slip and there it is for thetip. All you did was scan the
thing ten percent, twenty percent.I mean, come on, And that's
what's going on more and more andmore. Now. The argument is that
(16:26):
that allows the owners of these businesses, restaurants particularly, to not have to
give any more money in wages,because look, look at the wages that
are being left to you in tips. And it's true, wait, tips
have gone up dramatically over the years. If you look at there are actually
something called tip researchers, if youcan imagine that. But then why not
(16:48):
these are sociology sociologists who are studying, son of a guy tipping. I
think that's a big enough part ofsociety, and they're saying, yeah,
you know, tips have gone upseventeen percent year over a year. Since
last year, they've gone up seventeenpercent. Why because number one of the
aggressiveness of this entire model of makingyou tip or shaming you into tip,
(17:15):
that's mainly it, Hey, wouldyou like to leave a tip? I
was reading an article. This isout of the Wall Street Journal, and
there is a cookie chain called Crumble. I don't know if you've ever heard
of that, and they at thebottom of it's a do it yourself checkout
screen. So you're seeing more andmore of that. Chili's has that where
(17:36):
you just put your credit card inand it's all done at the table,
and right there as you are checkingout, it says, consider leaving a
tip. If we made you smile? Come on, how about I wish
they had comment section? How about? That statement ruined my day? And
(17:56):
I was smiling until I read that. And it is a growth business.
Now Here is something that you mayhave not known. Employers are legally obligated
to give tips to workers except whenyou leave tips on machines because under the
Federal Fair Labor Standards Act, wherethe workers have to get the tips,
(18:21):
that doesn't extend to machines. Thatis not covered by that federal law.
Why because tipping through machines and theaggressiveness is so new. Now, let
me tell you about the European model. You know, in Europe you don't
leave tips at restaurants because that's considereda career. I mean, it's consider
(18:44):
a real job. And if theservice is extraordinarily five percent, ten percent
at the outside. So when Americansgo there and leave twenty percent on top
of everything, go, whoa.We like Americans. We'll take ugly Americans.
I mean, they just don't understandit. I mean I've tip taxi
drivers. They look at me likeI'm crazy. Overseas, what are you
(19:07):
doing? You know? That's likeuh, you know, uh going and
having a having a conversation with thewith the manager of your bank and you
finally get a loan and you tipthem. Here, I'm gonna gave a
ten percent of alone. I mean, you know, welcome to America.
And it is emotional blackmail and Ihate it, and it's uh and I
(19:30):
wish I had I wish I hadthe cajones to tell them to go cram
it. But I don't. Ireally don't. What's wrong with me?
I'm must be running a temperature.That's what's wrong with me. Now the
good news is them there are goldin the mountains. Now, I remember
a gold rush of eighteen forty eight. You ever been up to gold country
near Sacramento and Yolo and it's justa terrific area. Now you go through
(19:55):
these little uh, these little townsthat have become tourist attraction and some are
dead. And we were well eighteenforty eight discovered gold. Eighteen forty nine
the state became the state because ofgold. And then the gold peter out
and it was the California gold Rush, and then at the eighteen ninety eight
went up to Alaska. In anyevent, it is now gold Rush two
(20:18):
point zero. And there's one reasonfor it, climate change. Now for
gold prospectors, you know, they'restill gold prospectors out there. You know,
those guys who dressed like slabs,homeless people with a big slouschats,
and they're out there with the pansand they're panning for gold. And you
think they're all kind of crazy,just crazy homeless people. Well they're actually
(20:40):
there's gold out there. Now.They don't make a lot of money.
It's probably more of a hobby thananything. Else. Well, you know
what, maybe turning around because goldcomes down the mountain, and it came
down the mountain because of water thatbrought the gold down, and there were
actually nuggets at the bottom of theseshallow creeks. Well, of course that's
all gone. It's not all gone. The snowpack has piled up to unprecedented
(21:06):
heights. You've got this water isnow flowing down the mountain in we haven't
seen this happen. I don't knowif it's ever happened like this, And
it's letting loose all of the rocks, and one of the things that happens
with gold, it's far heavier thananything else, and it sinks to the
bottom as the water rushes through andthe debris is rushing through, and all
(21:29):
of a sudden, you've got gold. And one of these gold experts,
but the really the Sacramento Valley metaldetector expert, I guess because they sometimes
use metal detectors for whatever reason tofind gold. I don't know quite what
that means. So gold to meis a credit card. And so the
(21:51):
water is cascading from about five thousandand thirty five hundred feet going through some
of the footholes, and the materialof which gold is part of, is
being ripped literally right off the walls. And of course when gold prospect prospectors
talk about material, there's only onething they're talking about, and that is
(22:15):
gold. You know, I've alwaysfound gold kind of interesting because there was
a guy I was talking to afew years ago, a survivalist, and
a lot of people keep gold intheir safe now as a hedge. I'm
okay with gold, and I ownsome gold, and it's just real,
actual gold that I keep part ofit is a safe part of my retirement
(22:38):
plan. And for some reason goldhas value. I've really never understood it.
It's for gold teeth, which theydon't use anymore gold fillings. I
guess it's for use in various electronicparts. But other than that, I'd
rather much have paper money that's evenmore worthless. You've never wanted a you're
(23:00):
a gold grill? I know,no, you know what, I'm just
not into that, you know,I do. Actually, I actually have
a goal shilling one of my teethbacks here when we show us, who
know, right, try here sayingthere it is. I know it's a
little rough, I know it's alittle rough. On radio. But if
you want to see it right,it's right back there. I had it
put in when I was just akid, and it's still there. And
(23:22):
I said, do I take itout and put in resins so it looks
like the rest of my teeth?I bet? Dennis said no, because
that is a that's going to lastyou till the day you die. And
I had to put him when Iwas like eight years old. That's what
you use gold for. Okay,the rest of it. Uh, here's
the value. But so we gopanning for gold. Gold is gold is
(23:44):
good like fish our friends, likegreed is good. Gold is good,
fair enough, and it is nowfar easier to get the gold. What
makes this so neat? And thereare gold mines, professional gold mining operations,
and if you think of them,I'll tell you what gold prospecting and
gold mining is now huge mines withmassive material, massive mining pieces of equipment
(24:11):
that pick up tons and tons ofdirt and then grind it all up and
get a little tiny bit of gold. And it still pans out. It
still pans out to at least there'sa return. There's an ROI. But
when we think of gold, wethink of and just individuals. Two kinds
of gold. One is just theuh, the guys with the pans,
(24:34):
you know, back and forth,like when you go to Knotsbury Farm you
two can pan for gold. Theother one are the sluice boxes. Those
are the rectangular boxes that have sortof nets at the top and you just
dig up the dirt. You putit on there, and the box goes
back and forth. You rattle itand gold is sinking to the bottom,
(24:55):
whatever gold there is. And theneven back then there was the high pressure
gold mining where along the rivers wheregold was, they took these insanely high
pressure hoses and just ripped new valleysin there. I mean horribly it.
It was horrible for the environment,and that's the way they did it.
(25:18):
And then that moved into industrial gold. So now we are back too in
many cases gold mining the way weused to pan for golden way they used
to pan for gold. I'll tellyou that the people who are smart in
terms of the gold miners, becausethe vast, vast majority, of course,
got nothing. The early the earlyones I'm talking about days after the
(25:42):
discovery of gold up in Sutter's millon your Sacramento and they staked their claims
along the river, and you went, I don't know, forty feet,
eighty feet whatever, it was allowedby law. And then there you were,
and you would pan for gold.Everybody else lost out, but they
all rushed anyway, and you hadhundreds of thousands of people showing up the
(26:03):
gold rush. And then there wereguys like Eli. Uh like, uh,
Levy, you know you're Levy jeans. Levi's it's the way I pronounced
it, So Levy Jesus Jews Levies. Uh Levi's Uh okay, good for
me for pronouncing it right. Uhso Levi jeans. And so Eli Levi
(26:30):
decided that he was going to sellto the miners. That's the guy there
was gold man, that was gold. So the point is of all of
this you're going to see on thenews. You are going to see going
back to eighteen forty eight guys panningfor gold and actually getting real material out
(26:52):
of there, real gold. Imispronounced Levi. Yes, I can't believe
I did that. I can no, I can't. I mean, I'm
bad at pronunciation anyway, But goodGod, give me a break on that
one. Huh. It's all right, mister Hendel. You know what they
actually pay me money to do this. I mean it's a scary thought.
(27:14):
It is Tuesday, which means itis time for Tech Tuesday with Rich heard
every Saturday. Here eleven to two, and that's the rich On Tech Show.
Morning Rich, Hey Bill, Goodmorning to you. Yeah, lots
going on to say the least.But let me start with the twenty new
games on Apple as part of theirarcade. Now do you pay for that?
(27:37):
Does that come with? Are thegames any good? Because I've always
wondered. I don't play video games, so it's either they're way too confusing
or way too confusing. Yeah,and look this is I think this is
really good for parents and are thegames any good? That's been the big
problem. So kids love these gamesthat are sort of engineered to take advantage
(27:59):
of their little brains that are stilldeveloping, and so they have lots of
in app purchases. There's lots ofadvertising you have to wade through. Basically,
if you're a parent and you watchsome of the games that your kids
are playing on your iPad, youwill be like, what, I can't
believe this is happening. Most ofthem are pretty trashy. So Apple came
up with this thing a couple ofyears ago called Apple Arcade. You pay
(28:21):
five dollars a month and everything isincluded, all of the games. There's
like a couple of hundred of them, and there's no in app purchases,
there's no ads. But what doesthis do, Bill? It makes these
games kind of boring for kids becausethey've been trained to really like these games
with all these little kind of vegasvegas the aspects to them. Right.
So, anyway, these twenty newgames, I had my kids look at
(28:45):
them and test them out. Theysaid that some of them are good.
My kid was playing one of them, which was like a farm building game.
He really likes these sim games.And so I think that if you're
a parent and you have access tothis Apple Arcade, you should give it
another look because there are these twentynew games. They are fun, and
there's some puzzle games in there,there's you know, there's just some good
(29:06):
stuff that you know, take asecond look at this. Basically, my
daughter, who is she's really acomputer nerd and a studying AI right now.
I mean she has a whole seriesof degrees and certificates and I'm watching
her actually develop a game. Shedoes it but it's pretty rudimentary, and
(29:26):
I've always wondered that the difference andhow complicated is between or talk about the
difference seen somebody just sitting down anddeveloping a game and you know, here
it is five bucks a month versusyou're talking about a massive game that takes
thousands of people in sixty million dollarsto develop. So let's talk about the
(29:49):
difference in terms of what you haveto do and how do individuals do it
well. I think that's the bigdifference here is that it depends what type
of game you are developed things.So if we talk about video games that
are big, sort of blockbuster games, yes they cost a lot of money.
There is a storyline, it isall figured out, and it takes
(30:10):
many, many people to make that. A lot of the games that sort
of pop on the app store canbe from independent developers that just come up
with a really nice, beautiful lookinggame that people tend to gravitate to.
And then of course you have thereally junkie games that just you know,
they're a money grab and the wholepoint of these games is to get you
(30:30):
to do in app purchases. Andbefore you scoff at that there are many
many adults out there who are justas addicted as kids to the idea of
these games, and not just thegames, but leveling up and many times
purchasing coins or any sort of inapp purchases that these games require to really
(30:52):
really get ahead. And so alot of these games, like I said,
are a play for that. Butthe kind that your daughter is working
on, it sounds like it's amuch more. If it's you know,
million, multimillion dollar game, that'ssomething that there will be I p that's
developed and plan to make that gamelast many years and to get lots of
people to pay pay to play it. Yeah. I watch your play you
know, these games for hours andhours ago. You are twenty seven years
(31:15):
old. Stop this. And yetat the same time that what can I
tell you, I look, I'vegot no problem with the with the gaming.
I think the gaming is a isa really enjoyable thing for people of
all ages. I think that there'sjust a lot of junkie games out there,
and so I think for me personally, I gravitate towards the ones that
(31:37):
are more puzzler adventure, something that'sa little bit more epic than you know,
just trying to buy gems. Ah, we got lots more to talk
about. Now. Google Io ishappening tomorrow. Explain number one, what
all that is? And number twohow important is this? So this year
it's very important. Google Io isthe company's annual developers conference, so we
(32:00):
get to see these from Google andApple, and this is where they show
off more of the software side ofthings, So what their engineers and employees
have been working on for the lastyear. And so with Google last couple
of years, it has been virtual. This year it is in person.
I'll be heading up there later thismorning. It will kick off tomorrow morning
(32:21):
at ten am. So what arewe expecting to see? AI? AI
AI. I'm just reading the WallStreet Journal article right now. Google teamed
up with Wendy's to make an AIdrive through chat bot. They're gonna launch
in Columbus, Ohio in June.So those are the kind of announcements that
we're going to see tomorrow. Soa lot of AI AI AI, So
(32:44):
what are they gonna do? Andthen obviously hardware. I gotta stop you
right there. Yea an AI chatbox drive through Wendy's. Yes, you
got to explain that one too.And then and then we go on with
you what you were about to say? Sure, I mean, so we
know that when you go through thedrive through there's a person on the other
(33:05):
end that's asking you, Hey,do you want Mayo on that whatever?
So now they're experimenting with using achatbot. So because Google is very good
at language, because these large languagemodels are really good at understanding what we
say. So if you say,hey, can I get a large you
know, Dave's bacon eight or whatever? Do you want fries with that?
Do you want to coke? Whatflavor? What size? We haven't seen
(33:30):
this in person yet, they're justthey just announced it, and so these
are the kind of demos I'm surewe will see tomorrow at the event.
In addition to that, there willbe hardware. So Google is coming out
with a foldable phone, that's nosecret. They've already put a teaser video
out, so that's going to bea big thing. Then a cheaper phone,
(33:50):
the Pixel, which doesn't really sellthat well, but it's an excellent
phone, and then a Pixel tablet. And so you know, Google is
kind of writing this line of hardwaresoftware. But what they're really good at
is search and artificial intelligence. Althoughthey haven't proven that just yet. The
artificial intelligence part still anybody's bet ifthey can make that into something very useful
(34:10):
for all of us. Yeah,on the fast food play, this is
of course where immediately gravitate to orforget the tech. Let's go to Wendy's
immediately in a drive through. Soyou're basically talking into that mac microphone and
there's a speaker outside. And myquestion is is the quality or not.
(34:31):
I'm sure they've added the crackle tothe to the speaker so you can't actually
understand what the persons saying the otherexactly someone who speaks a foreign language through
that machine, but so that effectivelythe person on the other side doesn't exist,
and you're talking to basically, you'retalking to a program, correct pretty
much? Yeah, and okay,and I'm assuming that their program will obviously
(34:55):
to upsell you absolutely. That's that'spart of this is that this thing,
this thing can be programmed with thetrends. So let's say, let me
just give you one example. Let'ssay you order a what does the Dave's
called, I forget It's like aDave's Favorite or something like that. Let's
say you order that and it knowsthat ninety nine percent of people, as
(35:15):
soon as they order that Dave's favorite, they want to get a large diet
coke or a large frosty or avanilla. When people order a vanilla frosty,
they also know that they want asmall fries to maybe dip in that.
So again, this thing is learningas it goes along, which is
very powerful because you know, theperson on the other end is probably not
(35:36):
going to say, hey, canI you know, do this or do
that. They're not going to havethose trends built into their their you know,
digital brain. I'm already thinking interms of where it goes because obviously
it's going to be geographical. Andin this neighborhood they do this more than
in that neighborhood. And that tiesinto inventory, and yeah, I can
see that there's a world to that. Or they want very very good or
(36:00):
they won't sell you something they don'thave in stock or that's out of stock,
or something that's not selling well thestuff. You know, I don't
know if you've been to a fastfood place lately, but they do this
thing where when you first pull up, it's a recording and it's like,
hey, welcome to Wendy's Can Iget you started on a breakfast burrito with
sausage and you're like, oh no, I want something else. And then
all of a sudden, someone elsecomes on and they're like, yeah,
(36:22):
well kind of get you. Andit's like a totally different you know,
it's like a recording at the beginning, and then it's a real person.
So this is like a real chatbotthe entire time, all right, and
it's just that we're changing everything everythingnow. Story about Twitter cutting inactive accounts.
At what point do they decide youare inactive? Is it truly you
(36:44):
just don't use it anymore? Well, Elon Musk famously did not say any
details except here's what he said.We're purging accounts that have had no activity
at all for several years, soprobably see follower counts drop. He just
said that and that was it.Now. Of course, all the journalists
have been wondering, We'll wait asecond, what's the implication of this,
Because there's a lot of people thathave left Twitter because of the recent chaos.
(37:07):
There's a lot of people that havenot tweeted in a long time,
but they hold onto those user names. A lot of companies a lot of
individuals, you know, for let'ssay, let's say rich on Tech,
I don't want to be on Twitteranymore, but I want to keep that
user name, so I just kindof let it linger while he's saying that
you can't do that anymore. Butof course people are saying, well,
that's not smart because you know,if you're deleting old accounts that aren't tweeting,
(37:28):
all those tweets go away. Sowe don't know the implication of this,
but the reality is Elon's trying toclean this platform up and trying to
get people to be more active onit. So he's saying, look,
if you're not using your user name, we're going to give it to someone
else. Yeah, that's easy.So yeah, once a week you go
on there and tweet Elon sucks andyou're done right. Yeah, you'll be
kicked off pretty fast. Then Ithink, no, hopefully not. They
(37:50):
say free speech. Yeah, Rice, yeah, exactly. Quick question about
Twitter because I'm fascinated by Elon mustthe guy is a visionary that Gene is
between Tesla and SpaceX. I mean, the guy just out there, total
outlier. Then he buys Twitter,you know, wakes up one morning it's
almost a point of purchase, likebuying bubblegum at the supermarket, all right
at the counter. Is Twitter evergoing to make money? Notwithstanding the fact
(38:12):
okay overpaid for it by twice themodel itself. Is it going to make
money? I mean, theoretically,why couldn't it. It's a it's a
media company like any other company.But we've seen it's a lot tougher,
and especially with the amount of employeesthey have, and the fact that this
has never become a mainstream thing.As much as we hear about Twitter in
(38:34):
the media, the average person isnot using Twitter. The average person is
using Instagram, the average person's usingGoogle, or they're using Facebook, and
you know, of course TikTok soTwitter, I don't I mean, yes,
I think it can make money.I just don't think it's going to
be as big as some of theseother platforms that are just I mean Facebook
and their last earning set. Ithink they have three billion people now using
(38:58):
their their products. I mean thatis an incredible not half, almost half
the population of the planet. Butwhen I look at the news, right
when someone dies or there's a politicalstatement to be made, it's always someone
has tweeted. That's it. Andit's like no one else uses anything in
public but Twitter, well for exactly, But think about what you're saying here.
(39:19):
It's always for the news organizations andthe people. It's not my mom
who's tweeting. She's not tweeting outa picture of her grandchild. And that's
the big difference here is that journalistsuse this, people in the media,
media companies use it. Companies toa lesser extent, use it. But
the reality is it's not the averageperson that's using it. The average person
is using Instagram, they're using Facebook, and they're using you know, snapchat
(39:45):
and TikTok. And so that's thebig challenge for Twitter. Fair enough,
Rich, We'll catch you this weekend, Saturday, eleven to two, And
as always, you make Tuesday veryvery special. And I just read that.
By the way, there's thank you, You're welcome, thanks to the
person who wrote you. Got thatmy pleasure. Now I want to talk
about betting and how much Americans betand legalized betting and a couple of things
(40:08):
going on. We've legalized marijuana,we've legalized betting. At some point,
we actually legalized sex and not toolong ago by the way legalized gay marriage.
I mean, we're just doing things, in my opinion, a whole
lot better. Now, a quickword about betting. Americans a better over
(40:28):
two hundred and twenty billion dollars onsports betting. It's about sports betting with
legal gambling outlets. In the fiveyears since the US Supreme Court cleared the
way that all fifty states offered it. It was back in twenty eighteen.
Matter of fact, right almost tothe day twenty eighteen when the Court ruled
(40:49):
that this New Jersey lawsuit was tooverturn sued to overturn a federal law,
and the court bought it and said, no, you have the ability to
bet. Now. I don't bet. And there's a reason I don't bet.
Is for one thing. If Ibet and lose, I come this
close to committing suicide. If Ibet and win, I'll lose next time.
(41:13):
I won't put a quarter into aslot machine. For example, in
Las Vegas, I walk around andmake sure I don't go through the casino
only because it's just a pain.Now I do a little bit of betting,
and what I will do, theonly betting I do is I give
Michelle a couple of bucks every oncein a while, because there's a pool
around here where everybody kicks in.And it's not that I'm excited about winning,
(41:36):
not at all. What I wouldbecome suicidal is if everybody I worked
with was splitting three hundred million dollarsand laughing at me. That would cause
suicidal tendencies instantly. So it's reallyabout the horrors of someone else doing better
than I do on a bed anddoing worse. It's all negative, you
(42:01):
know. It's like the glass fullbusiness. You know. To me,
it's not a glass half full.It's a glass that's half empty with a
big hole at the bottom, waterspouring out the bottom. That's the way
I live life. So Americans justbet football pool. You know how much
(42:22):
you think is bet on the SuperBowl every single year? Oh? I
mean, I mean, I don'thave the figures, but it's in the
tens, maybe the hundreds of billionsof dollars. I am willing to bet.
God, this is just perfect withthis segment. I am willing to
bet that even law enforcement officials,right, guys who specialize, for example,
(42:47):
in breaking up card games, illegalcard games and craps games, they
sit around when they're off their shiftand bet on the Super Bowl. Inside
the precinct was one of the best, like games of quarters around the Super
Bowl or squares you know where youpicked the square and whatever that was put
on by cops when I lived inSacramento. Of course it was all right.
(43:10):
It was awesome. Sixteen billion,thank you, sixteen billion dollars.
How much do you bet I'm SuperBowl Sunday? How much like little local
bets? Yeah, I don't betat all. No, not, no,
no, I don't bet. Idon't bet because you know what,
because I know if I lose,I want to kill myself. If you
lose, I would jump for July. It's a whole point, and it
(43:34):
was buff It was almost exactly fiveyears ago, me fourteenth, twenty eighteen,
when the Supreme Court ruled that sportsbetting is legal and all fifty states
are allowed to do it. Stilla few who don't allow sports betting,
but for the most part, itis here, it is available. It's
making a ton of money. Buthere is a surprise. You would think
(44:00):
since the sports companies the betting program, betting sports companies keep ten percent,
that's what they charge about ten percentof the take. You'd think they would
be money making money hand over fist. So let's start with the fact there
are really only two companies in thebusiness that controls seventy percent of sports betting
(44:22):
across the country. Fan Duel isone of them, and the other one
is what Draft King Right? Ihave that right, yes, Draft Kings,
and I don't bet on these,so I don't. I just don't
get it. To me, bettingon a sports event is taking a dart
(44:43):
and throwing it against the wall wherethere's a dartboard, and I just don't
do it. Are you a betterJen, Yeah? Not big, but
yeah I like to go or youknow that on the ponies, Yeah,
you know that. I don't knowa race, Yeah, then I'll do
it. Yeah. My brother wasa huge, huge betterroom. One day
he was at my place, We'rewatching a football game and he lost.
(45:06):
It was over my mother's house actually, and he almost was crying. Literally,
his hands are in his his headis in his hands, and he
is visibly visibly upset. And mymother goes over and walk and says,
what's wrong. He goes, Ijust lost eight thousand dollars. Oh,
I mean no. He was aserious, serious bet Oh see I'm talking
probably my biggest bet ever has beenlike a hunter. Yeah, I know
(45:29):
he was, well, yeah,he used to bet very heavily apparently,
and then my mom said, whydon't you bet on the winners? Yeah,
he loved he goes, Oh god, that's the secret, thank you.
I never thought of that. So, in any case, sports betting
(45:51):
has become huge, as you know, and these companies aren't making any money.
Uh. Fan Duel became the firstport a profitable quarter in the second
leg of twenty twenty two, notin first right, not the first quarter.
Expects to be profitable for twenty twentythree, no guarantees. DraftKings is
(46:14):
expecting its first profitable quarter at theend of the year. You would think
these companies would be printing money.You would think that more money pours in
than they can even physically pick upcount and put into under mattresses. But
that's not the case. And nowyou have states that used to say no,
(46:35):
no, no sports betting. Well, we for the most part didn't
have sports betting because we had alobby that fought sports betting in this state
beyond anything you can imagine, andthat's called Las Vegas. And they absolutely
decided no, no, no,no, you don't want sports betting.
We don't want you to bet inCalifornia because we don't want the kids addicted
to sports betting. I mean,their campaign was just insane. You know,
(47:00):
most of the people that go toLas Vegas, we we are the
majority Southern Californias, are the majorityof the market in Las Vegas. Even
with all the international business that's comingin, still the market. So now
we have sports betting ever since twentyeighteen and the avalanche of advertising. You
(47:21):
can't see a sports show, aprogram without sports betting, even mainstream,
you have sports betting. I don'teven know what are the odds, you
know when you I've never done sportsbetting. You know on the uh the
relative to you know, Draft Kingsor the other companies. How does that
(47:43):
work? You know? Do theygive you the odds that the Las Vegas
bookmakers give you? Is it theodds that change every couple of minutes?
You see the odds? I haven't. I haven't done it in a while,
so I'm China think back. Butyou do see the odds. But
you can also go to different sitesand get what the odds are, how
they change you can get the propbets, you can get all of that.
(48:05):
Yeah, as I'm going through uhthis article and this was from the
Daily News, because I'm just fascinatedby this and the business end of it,
because there is now hyper casual onlinewagering, hyper casual hyper casual well,
because you get immediacy through the internetor through an app. So you're
(48:29):
sitting there on your phone and allyou do is log in and you log
into one of these, uh,these sporting companies, one of these betting
programs. What ends up happening.You can bet on things like, um,
how fast will the next pitch be? Oh? Yeah, I love
that, you know, will itbe put into play? Will the ball
(48:52):
be caught for an out? Willit become a single, double, triple
home run? Will there be anerror? I love it? See,
I'd rather bet on that right honestly, because it's more fun. A friend
of mine bet on what color thegatorade would be at the Super Bowl.
There you are, I mean,you love those bets. One quick,
(49:12):
one quick story. Pete Rose,who of course was thrown out for Gambly.
He Premiere Radio where sometimes I wouldwork out or visit, is on
Supulvin and Ventura and across the streetis this restaurant used to used to be
there, Sisily restaurant owned by afriend of mine and Pete Rose, who
lives in that neighborhood. I thinkit lives in Sherman Oaks, would be
there all the time. And thefirst time I was introduced to Pete Rose.
(49:36):
And by the way, he alwayswears Elton John kind of glasses.
Very strange now lou with the youknow, the diamond encrusted stuff. The
first time I ever met him,I was introduced to him and the first
thing he ever said to me isI was robbed. No where. Yeah,
I've been robbed. I should bein the Hall of Fame, not
like high nice to me. Ohno, none of that. Just I've
(49:58):
been robbed. Got it? Justa great story. Okay, I want
to take some phone calls starting injust a minute or two. Right when
Gary and Shannon come aboard at thenumbers eight seven seven five two zero eleven
fifty Handle on the law marginal legaladvice off the air for future use.
Eight seven seven five two zero elevenfifty. Gary and Shannon up next,
(50:22):
Gary, what's on the show today? Well, we're gonna start with what
we can expect coming up along theborder when Title forty two expires. We
have an update on the big debtceiling meeting taking place today at the White
House, and our true Crime Tuesday. Late in the show, Gary and
Shannon will come up right after thenews. You've been listening to the Bill
Handles Show, Catch My Show Mondaythrough Friday, six am to nine am,
(50:43):
and anytime on demand on the iHeartRadioapp.
Your listings. Kf I AM sixforty the Bill Handles show on demand on
the iHeartRadio app and Good Morning BillHandle here in the morning crew kf I
AM six forty five everywhere on theiHeartRadio app. A couple of things going
on today. Looks like LA Unifiedthe school district is going to okay a
(00:21):
new labor deal with the teachers unionand it's a good one for the teachers.
Looks like LA Unified has caved.They haven't had a they haven't had
a contract for a long time.And the writer strike continues now second week,
and I'll do a story about thata little bit later on and why
this is called the Netflix strike,and that's coming up next segment at seven
(00:45):
twenty. All Right, big storyfinancially, I mean the big story financially
is the President is set to speakto meet with the House Speaker, Kevin
McCarthy, as the clock is tickingtowards the government default as early as June
first, maybe a couple of weekslater, depending on the revenues that are
coming into the federal government. AndI'll tell you why this is such a
(01:10):
big deal going into default, whichis clearly what Kevin McCarthy and the Republicans
are prepared to do means, andwe've never done this before, means by
all experts in economy and the financialmarkets that it's going to be a big
(01:30):
hit recession, big recession virtually guaranteedmillions of jobs, lost value of the
stock market dropping precipitously. And hereis the issue which we've never had before,
and that is the Republicans are deadset on spending cuts, which they
(01:53):
always are, and that is alegitimate concern there. That's why we have
a system of government where you havethe Liberals where there's no program they've ever
met that they don't want to spendmoney on, no matter what. As
far as they're concerned, anybody whohas money should spend money on the people
who don't have money. Money isalmost somehow having a lot of money somehow
(02:17):
immoral. Almost You've got to shareit, all right, you have to
share it, and the Republicans aregoing the other way. If you have
money, you should be able tohang onto it. And as far as
the social set, safety net,you know what people should work and the
safety net is a croc at leastto a great extent. So that's legitimate.
(02:37):
I mean, I have no problemwith the government's going one way or
the other depending on who's in power. Now, what has never happened before
is the party in power. Inthis case, Kevin McCarthy and Republicans in
Congress are saying, we will notincrease the debt limit until you Democrats and
(02:58):
Biden specific give us substantial spending cutsover the next ten years. You don't
give it to us, We're notgoing to let it to the US borrow
the money. Well, let metell you there's a big difference between for
example, going past the date ofthe budget where we don't have money to
pay, because we still have themoney, we just have to vote.
(03:19):
Congress has to vote the ability tospend the money. That's what happens every
couple of years, and that's afight. This one is massive. This
one is if we don't allow ourselvesto borrow the money, there is no
money. It's not just being lateon payments, it's there is no money.
And these are for bills that arealready due, and that means default.
(03:45):
And that means the dollar the strongesteconomy in the world, the US
economy. That means that the wholeworld relying on us as the safest economy
and investing in dollars that's going toprobably disappear. Origin Tina defaulted, I
think in the seventies or eighties,took him ten years to recover. That's
(04:06):
a big one and what Biden wants. And I'm backing up Biden on this
one because no president, no matterof what party, has ever been denied
a clean bill in which the moneyis able to be borrowed raising the debt
ceiling. President Trump got the Republicansbehind him. There was no question that.
(04:32):
When Congress was in Republican hands,and of course the presidency was in
Republican hands, the government just handedhim a debt ceiling bill without even arguing.
And by the way, we're stillin trillion dollars deficits under Trump,
as well as trillion dollar deficits thatwe are now under Biden. And so
(04:53):
it has become a political football.The problem with this political football is at
the very future of our economic basisis really at risk. Politics has now
preempted everything. Politics has preempted andI'm not kidding here, your job,
your savings, your four O oneK plan, and our reputation around the
(05:15):
world as the strongest, most valuableeconomy that exists. That's where we've come
to. And that's scarier than hill, that really is. And Biden is
saying, I want to clean Bill, will be more than happy to talk
about tax cuts. We can dothat all day long. Pass bills,
don't pass bills. Negotiate of course, but you can't screw with this.
(05:43):
And McCarthy says, too bad.Is it going to happen? I'm hoping
not. And if the President caveson this, well, that means Congress
will basically control a major portion ofwhat a president can do. McCarthy is
saying that it will be us thatcontrols the economy until a Republican comes in.
(06:03):
Then it's then no problem. That'swhat I hate is the sheer hypocrisy
of this drives me crazy. Nowthe Hollywood strike is going on easily,
the writers strike. You see themup and down. They're right near here.
If you seen them on I thinkit's right across from Burbank Studios,
and they're on not on all ofbut I think where it turns into Kawanga,
(06:28):
there they are on the corner ofthe studio and they are picketing up
and down and they're moving and doing, they're screaming as striking as strikers do.
And again, depending on where yousit, I'm what's going on.
Well, the strikers are striking.Will not agreed to the deal that the
(06:48):
emotion picture and television producers I haveput on the table. And here is
what's going on. Everybody is stuckbetween a rock and a hard place.
The traditional kind tracks that existed betweenwriters and particularly television producers you can throw
out the window. And one wordreally is the cause of all of this
(07:12):
trouble. One small, well nowbig snowball started it all. And that's
a little company called Netflix. AndI remember a lot of us do if
you're over the age of fifty.When Netflix, you got those seeds.
Now you got those DVDs by mail. You would watch a movie and depending
on what your subscription is, youcould either do three or five at a
time or one at a time.And so this is being known as a
(07:35):
Netflix strike because Netflix is the eighthundred pound gorilla in the room, the
elephant in the room. The gorillais that the elephant is that the ostrich
I'll get at some point. Andwhat Netflix has done has just upended the
entire business model and broken it infundamental ways. According to an executive producer
(07:57):
and writer for Queer as Folk onPeacock, I never saw that. Dear
white people on Netflix, never sawthat. And so you've got hundreds of
WGA Writers Guild America writers are onthe picket line and they're demonstrating, and
a lot of them outside of Netflix'soffice. They want better pay, they
want working conditions. Now, oneof the big issues is pay. Used
(08:20):
to be writers were hired for aseason. A given season twenty two episodes.
By the way, do you knowthe first the first television show that
went into reruns. I Love Lucywas the first one, and it was
Desi Arnez who came up with thatidea. Desi Arnez was a genius.
(08:41):
By the way, if you everwant a biography as someone who was a
genius in Hollywood, look up DesiArnez. The guy was just absolutely brilliant.
Well, in those days, itwas thirty nine episodes, and a
full season is considered twenty two episodes. I mean, when you look at
a TV series that has twenty twoepisodes, you go wow, I mean
(09:03):
that's huge, enormous. And thenwhat Netflix did, and now the other
streaming services eighteen twelve ten some limitedto six a season. That's very different.
Well, that means writers are beingpaid for six episodes instead of twenty
two. And their argument is,even though there are more shows to write
(09:28):
four, they're getting a whole lotless money. And there's the entire issue
of syndication and residuals, which usedto be a big part of it.
That's all done too. You getpaid and you go home, and we
can do whatever the hell we wantwith the series. We can run it
again and again, resell it toother streaming services, resell it to other
(09:52):
markets. I'm a member of SAGAFTRAScreen Screen Actors Guild and after the American
Federation of Television and Radio Artists.I love that term. They actually call
us artists artist Go figure that out. And because I am, in quote
an actor, I was in onemovie in my entire life, and I
(10:15):
had a tiny little speaking part.It was and Wagged the Dog. I
still get residual checks. I justgot one from they just sold it to
a streaming service in Finland, andI got my check for I don't know
twenty three cents or twenty eight centsor something. I guess annually, I
probably get under three dollars in variouschecks. Well, I get residuals.
(10:39):
The writers don't, and that's whatthey're upset about, and they're arguing it
makes it harder support families. Thereare minimums that are being paid. And
one of the writers says streaming isthe problem. It is the problem.
On demand viewing has changed everything insteadof weekly viewing, and weekly viewing needs
(11:05):
more episodes. Who watches TV weeklyviewing anymore? I don't. I hate
it. I'll wait till the endof the season so I can binge it.
And that's what I love about Netflix. They will drop an entire series
and I just sit there for threedays and I watch it. I mean,
that's my idea of watching, asis many of yours. But you
(11:28):
have to have big hits when youonly do six or eight. Netflix has
come through big side, big time, and there is there is the fight.
How many writers are on a writingteam. It's now much smaller,
shorter TV seasons, fewer episodes,artists paid up front. Here you go,
(11:54):
we get we're paying you X dollarsfor an episode, which is good
money. Don't misunderstand I mean,it beats working at a fast food establishment,
but it's one payment, one time. And I don't know if you've
ever talked to a writer who haswritten a TV show or written a movie,
it takes a long time to writeand rewrite and rewrite again. So
(12:18):
that's what's going on with this strike. We're going to see who caves on
this one, unfortunately for the writers, and it's true, what's happening to
them? What's going on? Andthen you have the producers, and there's
one association of some three hundred andfifty producers of TV and movies that have
banded together, and there's one thisorganization speaks on behalf of all of them,
(12:41):
and they're saying, there's so muchcompetition out there that we're barely making
money. Yeah, yeah, Lookat the financial statements of these companies.
You know your Netflix. Oh here'sone that I thought was interesting. You
know which Netflix spends a year oncontent? Seventeen billion dollars just on content.
(13:05):
And there's some great shows, butnot all of them are hits.
One of my favorite, one ofthe big ones. Oh, and they're
making them internationally too, and thatis not particularly wonderful for the writers here.
One of the biggest hits they've everhad is squid games. I love
squid games, gratuitous violence where peoplegot their brains, blow it out,
(13:26):
blown off, right there. God, I love those. We'll see what
happens with the strike second week.There is something that we have not heard
before, and that is the termtip creep. Makes all the sense to
me, and in the same sortof the same same thought is emotional blackmail.
(13:46):
Now we know what emotional blackmail is, but I don't know if you
think of emotional blackmail as being askedto tip. I do, and it
is, well, it's gone crazynow with tipping. The other day I
went to a restaurant and here Iam, and I always leave cash by
the way as a tip. Ihappen to be a good guy. And
I know that the servers, thewaiters, or the female or the female
(14:09):
or the male waitresses, one ofthe two. I always get them confused.
I know they're going to tell theirs exactly how much money they get
when it's cash, So I tendto say, here's some cash. Now.
I get handed the receipt that Iget to sign on my credit card,
and of course underneath it It's likeall receipts. It's the amount of
money you pay and then tip,and then the total and at the bottom.
(14:31):
Now it gives you what tipping shouldbe. If you tip fifteen percent,
it is X dollars. If youtip eighteen, if you tip twenty.
There are restaurants now that start ateighteen percent. Come on, there's
not even room for other They justgive Weather's room. But they just give
(14:54):
you those totals and then those tipjars. You remember there was a time
when there weren't tip jars. Imean, are you embarrassed when you don't
tip? I do? I am? You know, usually I'm not embarrassed.
But you got some person making miserablemoney behind the counter relative relative to
someone who has like big marketable skills. I mean, if you if you're
(15:18):
behind a counter and there's the tipjar there, you're not making a lot
of money, and in many casesyou're making minimum wage. So you know,
my heart goes out to you,but I'm shamed into leaving a tip
or going through the supermarket on theclerk. Hey, would you like to
either round up? Would you liketo leave some money for a charity?
What's this for? Well? Ithelps feed starving kids. I'm fine with
(15:41):
starving kids. No, I'm notgonna do it. And the point is
that it has gotten ridiculous, evento the point where let's say go to
the airport and you want to buya bottle of water and you take it
from the refrigerator and you bring tosomeone behind the counter. You go here,
(16:03):
they scan it and that'll be ninedollars and you're handed a credit card
slip and there it is for thetip. All you did was scan the
thing ten percent, twenty percent.I mean, come on, And that's
what's going on more and more andmore. Now. The argument is that
(16:26):
that allows the owners of these businesses, restaurants particularly, to not have to
give any more money in wages,because look, look at the wages that
are being left to you in tips. And it's true, wait, tips
have gone up dramatically over the years. If you look at there are actually
something called tip researchers, if youcan imagine that. But then why not
(16:48):
these are sociology sociologists who are studying, son of a guy tipping. I
think that's a big enough part ofsociety, and they're saying, yeah,
you know, tips have gone upseventeen percent year over a year. Since
last year, they've gone up seventeenpercent. Why because number one of the
aggressiveness of this entire model of makingyou tip or shaming you into tip,
(17:15):
that's mainly it, Hey, wouldyou like to leave a tip? I
was reading an article. This isout of the Wall Street Journal, and
there is a cookie chain called Crumble. I don't know if you've ever heard
of that, and they at thebottom of it's a do it yourself checkout
screen. So you're seeing more andmore of that. Chili's has that where
(17:36):
you just put your credit card inand it's all done at the table,
and right there as you are checkingout, it says, consider leaving a
tip. If we made you smile? Come on, how about I wish
they had comment section? How about? That statement ruined my day? And
(17:56):
I was smiling until I read that. And it is a growth business.
Now Here is something that you mayhave not known. Employers are legally obligated
to give tips to workers except whenyou leave tips on machines because under the
Federal Fair Labor Standards Act, wherethe workers have to get the tips,
(18:21):
that doesn't extend to machines. Thatis not covered by that federal law.
Why because tipping through machines and theaggressiveness is so new. Now, let
me tell you about the European model. You know, in Europe you don't
leave tips at restaurants because that's considereda career. I mean, it's consider
(18:44):
a real job. And if theservice is extraordinarily five percent, ten percent
at the outside. So when Americansgo there and leave twenty percent on top
of everything, go, whoa.We like Americans. We'll take ugly Americans.
I mean, they just don't understandit. I mean I've tip taxi
drivers. They look at me likeI'm crazy. Overseas, what are you
(19:07):
doing? You know? That's likeuh, you know, uh going and
having a having a conversation with thewith the manager of your bank and you
finally get a loan and you tipthem. Here, I'm gonna gave a
ten percent of alone. I mean, you know, welcome to America.
And it is emotional blackmail and Ihate it, and it's uh and I
(19:30):
wish I had I wish I hadthe cajones to tell them to go cram
it. But I don't. Ireally don't. What's wrong with me?
I'm must be running a temperature.That's what's wrong with me. Now the
good news is them there are goldin the mountains. Now, I remember
a gold rush of eighteen forty eight. You ever been up to gold country
near Sacramento and Yolo and it's justa terrific area. Now you go through
(19:55):
these little uh, these little townsthat have become tourist attraction and some are
dead. And we were well eighteenforty eight discovered gold. Eighteen forty nine
the state became the state because ofgold. And then the gold peter out
and it was the California gold Rush, and then at the eighteen ninety eight
went up to Alaska. In anyevent, it is now gold Rush two
(20:18):
point zero. And there's one reasonfor it, climate change. Now for
gold prospectors, you know, they'restill gold prospectors out there. You know,
those guys who dressed like slabs,homeless people with a big slouschats,
and they're out there with the pansand they're panning for gold. And you
think they're all kind of crazy,just crazy homeless people. Well they're actually
(20:40):
there's gold out there. Now.They don't make a lot of money.
It's probably more of a hobby thananything. Else. Well, you know
what, maybe turning around because goldcomes down the mountain, and it came
down the mountain because of water thatbrought the gold down, and there were
actually nuggets at the bottom of theseshallow creeks. Well, of course that's
all gone. It's not all gone. The snowpack has piled up to unprecedented
(21:06):
heights. You've got this water isnow flowing down the mountain in we haven't
seen this happen. I don't knowif it's ever happened like this, And
it's letting loose all of the rocks, and one of the things that happens
with gold, it's far heavier thananything else, and it sinks to the
bottom as the water rushes through andthe debris is rushing through, and all
(21:29):
of a sudden, you've got gold. And one of these gold experts,
but the really the Sacramento Valley metaldetector expert, I guess because they sometimes
use metal detectors for whatever reason tofind gold. I don't know quite what
that means. So gold to meis a credit card. And so the
(21:51):
water is cascading from about five thousandand thirty five hundred feet going through some
of the footholes, and the materialof which gold is part of, is
being ripped literally right off the walls. And of course when gold prospect prospectors
talk about material, there's only onething they're talking about, and that is
(22:15):
gold. You know, I've alwaysfound gold kind of interesting because there was
a guy I was talking to afew years ago, a survivalist, and
a lot of people keep gold intheir safe now as a hedge. I'm
okay with gold, and I ownsome gold, and it's just real,
actual gold that I keep part ofit is a safe part of my retirement
(22:38):
plan. And for some reason goldhas value. I've really never understood it.
It's for gold teeth, which theydon't use anymore gold fillings. I
guess it's for use in various electronicparts. But other than that, I'd
rather much have paper money that's evenmore worthless. You've never wanted a you're
(23:00):
a gold grill? I know,no, you know what, I'm just
not into that, you know,I do. Actually, I actually have
a goal shilling one of my teethbacks here when we show us, who
know, right, try here sayingthere it is. I know it's a
little rough, I know it's alittle rough. On radio. But if
you want to see it right,it's right back there. I had it
put in when I was just akid, and it's still there. And
(23:22):
I said, do I take itout and put in resins so it looks
like the rest of my teeth?I bet? Dennis said no, because
that is a that's going to lastyou till the day you die. And
I had to put him when Iwas like eight years old. That's what
you use gold for. Okay,the rest of it. Uh, here's
the value. But so we gopanning for gold. Gold is gold is
(23:44):
good like fish our friends, likegreed is good. Gold is good,
fair enough, and it is nowfar easier to get the gold. What
makes this so neat? And thereare gold mines, professional gold mining operations,
and if you think of them,I'll tell you what gold prospecting and
gold mining is now huge mines withmassive material, massive mining pieces of equipment
(24:11):
that pick up tons and tons ofdirt and then grind it all up and
get a little tiny bit of gold. And it still pans out. It
still pans out to at least there'sa return. There's an ROI. But
when we think of gold, wethink of and just individuals. Two kinds
of gold. One is just theuh, the guys with the pans,
(24:34):
you know, back and forth,like when you go to Knotsbury Farm you
two can pan for gold. Theother one are the sluice boxes. Those
are the rectangular boxes that have sortof nets at the top and you just
dig up the dirt. You putit on there, and the box goes
back and forth. You rattle itand gold is sinking to the bottom,
(24:55):
whatever gold there is. And theneven back then there was the high pressure
gold mining where along the rivers wheregold was, they took these insanely high
pressure hoses and just ripped new valleysin there. I mean horribly it.
It was horrible for the environment,and that's the way they did it.
(25:18):
And then that moved into industrial gold. So now we are back too in
many cases gold mining the way weused to pan for golden way they used
to pan for gold. I'll tellyou that the people who are smart in
terms of the gold miners, becausethe vast, vast majority, of course,
got nothing. The early the earlyones I'm talking about days after the
(25:42):
discovery of gold up in Sutter's millon your Sacramento and they staked their claims
along the river, and you went, I don't know, forty feet,
eighty feet whatever, it was allowedby law. And then there you were,
and you would pan for gold.Everybody else lost out, but they
all rushed anyway, and you hadhundreds of thousands of people showing up the
(26:03):
gold rush. And then there wereguys like Eli. Uh like, uh,
Levy, you know you're Levy jeans. Levi's it's the way I pronounced
it, So Levy Jesus Jews Levies. Uh Levi's Uh okay, good for
me for pronouncing it right. Uhso Levi jeans. And so Eli Levi
(26:30):
decided that he was going to sellto the miners. That's the guy there
was gold man, that was gold. So the point is of all of
this you're going to see on thenews. You are going to see going
back to eighteen forty eight guys panningfor gold and actually getting real material out
(26:52):
of there, real gold. Imispronounced Levi. Yes, I can't believe
I did that. I can no, I can't. I mean, I'm
bad at pronunciation anyway, But goodGod, give me a break on that
one. Huh. It's all right, mister Hendel. You know what they
actually pay me money to do this. I mean it's a scary thought.
(27:14):
It is Tuesday, which means itis time for Tech Tuesday with Rich heard
every Saturday. Here eleven to two, and that's the rich On Tech Show.
Morning Rich, Hey Bill, Goodmorning to you. Yeah, lots
going on to say the least.But let me start with the twenty new
games on Apple as part of theirarcade. Now do you pay for that?
(27:37):
Does that come with? Are thegames any good? Because I've always
wondered. I don't play video games, so it's either they're way too confusing
or way too confusing. Yeah,and look this is I think this is
really good for parents and are thegames any good? That's been the big
problem. So kids love these gamesthat are sort of engineered to take advantage
(27:59):
of their little brains that are stilldeveloping, and so they have lots of
in app purchases. There's lots ofadvertising you have to wade through. Basically,
if you're a parent and you watchsome of the games that your kids
are playing on your iPad, youwill be like, what, I can't
believe this is happening. Most ofthem are pretty trashy. So Apple came
up with this thing a couple ofyears ago called Apple Arcade. You pay
(28:21):
five dollars a month and everything isincluded, all of the games. There's
like a couple of hundred of them, and there's no in app purchases,
there's no ads. But what doesthis do, Bill? It makes these
games kind of boring for kids becausethey've been trained to really like these games
with all these little kind of vegasvegas the aspects to them. Right.
So, anyway, these twenty newgames, I had my kids look at
(28:45):
them and test them out. Theysaid that some of them are good.
My kid was playing one of them, which was like a farm building game.
He really likes these sim games.And so I think that if you're
a parent and you have access tothis Apple Arcade, you should give it
another look because there are these twentynew games. They are fun, and
there's some puzzle games in there,there's you know, there's just some good
(29:06):
stuff that you know, take asecond look at this. Basically, my
daughter, who is she's really acomputer nerd and a studying AI right now.
I mean she has a whole seriesof degrees and certificates and I'm watching
her actually develop a game. Shedoes it but it's pretty rudimentary, and
(29:26):
I've always wondered that the difference andhow complicated is between or talk about the
difference seen somebody just sitting down anddeveloping a game and you know, here
it is five bucks a month versusyou're talking about a massive game that takes
thousands of people in sixty million dollarsto develop. So let's talk about the
(29:49):
difference in terms of what you haveto do and how do individuals do it
well. I think that's the bigdifference here is that it depends what type
of game you are developed things.So if we talk about video games that
are big, sort of blockbuster games, yes they cost a lot of money.
There is a storyline, it isall figured out, and it takes
(30:10):
many, many people to make that. A lot of the games that sort
of pop on the app store canbe from independent developers that just come up
with a really nice, beautiful lookinggame that people tend to gravitate to.
And then of course you have thereally junkie games that just you know,
they're a money grab and the wholepoint of these games is to get you
(30:30):
to do in app purchases. Andbefore you scoff at that there are many
many adults out there who are justas addicted as kids to the idea of
these games, and not just thegames, but leveling up and many times
purchasing coins or any sort of inapp purchases that these games require to really
(30:52):
really get ahead. And so alot of these games, like I said,
are a play for that. Butthe kind that your daughter is working
on, it sounds like it's amuch more. If it's you know,
million, multimillion dollar game, that'ssomething that there will be I p that's
developed and plan to make that gamelast many years and to get lots of
people to pay pay to play it. Yeah. I watch your play you
know, these games for hours andhours ago. You are twenty seven years
(31:15):
old. Stop this. And yetat the same time that what can I
tell you, I look, I'vegot no problem with the with the gaming.
I think the gaming is a isa really enjoyable thing for people of
all ages. I think that there'sjust a lot of junkie games out there,
and so I think for me personally, I gravitate towards the ones that
(31:37):
are more puzzler adventure, something that'sa little bit more epic than you know,
just trying to buy gems. Ah, we got lots more to talk
about. Now. Google Io ishappening tomorrow. Explain number one, what
all that is? And number twohow important is this? So this year
it's very important. Google Io isthe company's annual developers conference, so we
(32:00):
get to see these from Google andApple, and this is where they show
off more of the software side ofthings, So what their engineers and employees
have been working on for the lastyear. And so with Google last couple
of years, it has been virtual. This year it is in person.
I'll be heading up there later thismorning. It will kick off tomorrow morning
(32:21):
at ten am. So what arewe expecting to see? AI? AI
AI. I'm just reading the WallStreet Journal article right now. Google teamed
up with Wendy's to make an AIdrive through chat bot. They're gonna launch
in Columbus, Ohio in June.So those are the kind of announcements that
we're going to see tomorrow. Soa lot of AI AI AI, So
(32:44):
what are they gonna do? Andthen obviously hardware. I gotta stop you
right there. Yea an AI chatbox drive through Wendy's. Yes, you
got to explain that one too.And then and then we go on with
you what you were about to say? Sure, I mean, so we
know that when you go through thedrive through there's a person on the other
(33:05):
end that's asking you, Hey,do you want Mayo on that whatever?
So now they're experimenting with using achatbot. So because Google is very good
at language, because these large languagemodels are really good at understanding what we
say. So if you say,hey, can I get a large you
know, Dave's bacon eight or whatever? Do you want fries with that?
Do you want to coke? Whatflavor? What size? We haven't seen
(33:30):
this in person yet, they're justthey just announced it, and so these
are the kind of demos I'm surewe will see tomorrow at the event.
In addition to that, there willbe hardware. So Google is coming out
with a foldable phone, that's nosecret. They've already put a teaser video
out, so that's going to bea big thing. Then a cheaper phone,
(33:50):
the Pixel, which doesn't really sellthat well, but it's an excellent
phone, and then a Pixel tablet. And so you know, Google is
kind of writing this line of hardwaresoftware. But what they're really good at
is search and artificial intelligence. Althoughthey haven't proven that just yet. The
artificial intelligence part still anybody's bet ifthey can make that into something very useful
(34:10):
for all of us. Yeah,on the fast food play, this is
of course where immediately gravitate to orforget the tech. Let's go to Wendy's
immediately in a drive through. Soyou're basically talking into that mac microphone and
there's a speaker outside. And myquestion is is the quality or not.
(34:31):
I'm sure they've added the crackle tothe to the speaker so you can't actually
understand what the persons saying the otherexactly someone who speaks a foreign language through
that machine, but so that effectivelythe person on the other side doesn't exist,
and you're talking to basically, you'retalking to a program, correct pretty
much? Yeah, and okay,and I'm assuming that their program will obviously
(34:55):
to upsell you absolutely. That's that'spart of this is that this thing,
this thing can be programmed with thetrends. So let's say, let me
just give you one example. Let'ssay you order a what does the Dave's
called, I forget It's like aDave's Favorite or something like that. Let's
say you order that and it knowsthat ninety nine percent of people, as
(35:15):
soon as they order that Dave's favorite, they want to get a large diet
coke or a large frosty or avanilla. When people order a vanilla frosty,
they also know that they want asmall fries to maybe dip in that.
So again, this thing is learningas it goes along, which is
very powerful because you know, theperson on the other end is probably not
(35:36):
going to say, hey, canI you know, do this or do
that. They're not going to havethose trends built into their their you know,
digital brain. I'm already thinking interms of where it goes because obviously
it's going to be geographical. Andin this neighborhood they do this more than
in that neighborhood. And that tiesinto inventory, and yeah, I can
see that there's a world to that. Or they want very very good or
(36:00):
they won't sell you something they don'thave in stock or that's out of stock,
or something that's not selling well thestuff. You know, I don't
know if you've been to a fastfood place lately, but they do this
thing where when you first pull up, it's a recording and it's like,
hey, welcome to Wendy's Can Iget you started on a breakfast burrito with
sausage and you're like, oh no, I want something else. And then
all of a sudden, someone elsecomes on and they're like, yeah,
(36:22):
well kind of get you. Andit's like a totally different you know,
it's like a recording at the beginning, and then it's a real person.
So this is like a real chatbotthe entire time, all right, and
it's just that we're changing everything everythingnow. Story about Twitter cutting inactive accounts.
At what point do they decide youare inactive? Is it truly you
(36:44):
just don't use it anymore? Well, Elon Musk famously did not say any
details except here's what he said.We're purging accounts that have had no activity
at all for several years, soprobably see follower counts drop. He just
said that and that was it.Now. Of course, all the journalists
have been wondering, We'll wait asecond, what's the implication of this,
Because there's a lot of people thathave left Twitter because of the recent chaos.
(37:07):
There's a lot of people that havenot tweeted in a long time,
but they hold onto those user names. A lot of companies a lot of
individuals, you know, for let'ssay, let's say rich on Tech,
I don't want to be on Twitteranymore, but I want to keep that
user name, so I just kindof let it linger while he's saying that
you can't do that anymore. Butof course people are saying, well,
that's not smart because you know,if you're deleting old accounts that aren't tweeting,
(37:28):
all those tweets go away. Sowe don't know the implication of this,
but the reality is Elon's trying toclean this platform up and trying to
get people to be more active onit. So he's saying, look,
if you're not using your user name, we're going to give it to someone
else. Yeah, that's easy.So yeah, once a week you go
on there and tweet Elon sucks andyou're done right. Yeah, you'll be
kicked off pretty fast. Then Ithink, no, hopefully not. They
(37:50):
say free speech. Yeah, Rice, yeah, exactly. Quick question about
Twitter because I'm fascinated by Elon mustthe guy is a visionary that Gene is
between Tesla and SpaceX. I mean, the guy just out there, total
outlier. Then he buys Twitter,you know, wakes up one morning it's
almost a point of purchase, likebuying bubblegum at the supermarket, all right
at the counter. Is Twitter evergoing to make money? Notwithstanding the fact
(38:12):
okay overpaid for it by twice themodel itself. Is it going to make
money? I mean, theoretically,why couldn't it. It's a it's a
media company like any other company.But we've seen it's a lot tougher,
and especially with the amount of employeesthey have, and the fact that this
has never become a mainstream thing.As much as we hear about Twitter in
(38:34):
the media, the average person isnot using Twitter. The average person is
using Instagram, the average person's usingGoogle, or they're using Facebook, and
you know, of course TikTok soTwitter, I don't I mean, yes,
I think it can make money.I just don't think it's going to
be as big as some of theseother platforms that are just I mean Facebook
and their last earning set. Ithink they have three billion people now using
(38:58):
their their products. I mean thatis an incredible not half, almost half
the population of the planet. Butwhen I look at the news, right
when someone dies or there's a politicalstatement to be made, it's always someone
has tweeted. That's it. Andit's like no one else uses anything in
public but Twitter, well for exactly, But think about what you're saying here.
(39:19):
It's always for the news organizations andthe people. It's not my mom
who's tweeting. She's not tweeting outa picture of her grandchild. And that's
the big difference here is that journalistsuse this, people in the media,
media companies use it. Companies toa lesser extent, use it. But
the reality is it's not the averageperson that's using it. The average person
is using Instagram, they're using Facebook, and they're using you know, snapchat
(39:45):
and TikTok. And so that's thebig challenge for Twitter. Fair enough,
Rich, We'll catch you this weekend, Saturday, eleven to two, And
as always, you make Tuesday veryvery special. And I just read that.
By the way, there's thank you, You're welcome, thanks to the
person who wrote you. Got thatmy pleasure. Now I want to talk
about betting and how much Americans betand legalized betting and a couple of things
(40:08):
going on. We've legalized marijuana,we've legalized betting. At some point,
we actually legalized sex and not toolong ago by the way legalized gay marriage.
I mean, we're just doing things, in my opinion, a whole
lot better. Now, a quickword about betting. Americans a better over
(40:28):
two hundred and twenty billion dollars onsports betting. It's about sports betting with
legal gambling outlets. In the fiveyears since the US Supreme Court cleared the
way that all fifty states offered it. It was back in twenty eighteen.
Matter of fact, right almost tothe day twenty eighteen when the Court ruled
(40:49):
that this New Jersey lawsuit was tooverturn sued to overturn a federal law,
and the court bought it and said, no, you have the ability to
bet. Now. I don't bet. And there's a reason I don't bet.
Is for one thing. If Ibet and lose, I come this
close to committing suicide. If Ibet and win, I'll lose next time.
(41:13):
I won't put a quarter into aslot machine. For example, in
Las Vegas, I walk around andmake sure I don't go through the casino
only because it's just a pain.Now I do a little bit of betting,
and what I will do, theonly betting I do is I give
Michelle a couple of bucks every oncein a while, because there's a pool
around here where everybody kicks in.And it's not that I'm excited about winning,
(41:36):
not at all. What I wouldbecome suicidal is if everybody I worked
with was splitting three hundred million dollarsand laughing at me. That would cause
suicidal tendencies instantly. So it's reallyabout the horrors of someone else doing better
than I do on a bed anddoing worse. It's all negative, you
(42:01):
know. It's like the glass fullbusiness. You know. To me,
it's not a glass half full.It's a glass that's half empty with a
big hole at the bottom, waterspouring out the bottom. That's the way
I live life. So Americans justbet football pool. You know how much
(42:22):
you think is bet on the SuperBowl every single year? Oh? I
mean, I mean, I don'thave the figures, but it's in the
tens, maybe the hundreds of billionsof dollars. I am willing to bet.
God, this is just perfect withthis segment. I am willing to
bet that even law enforcement officials,right, guys who specialize, for example,
(42:47):
in breaking up card games, illegalcard games and craps games, they
sit around when they're off their shiftand bet on the Super Bowl. Inside
the precinct was one of the best, like games of quarters around the Super
Bowl or squares you know where youpicked the square and whatever that was put
on by cops when I lived inSacramento. Of course it was all right.
(43:10):
It was awesome. Sixteen billion,thank you, sixteen billion dollars.
How much do you bet I'm SuperBowl Sunday? How much like little local
bets? Yeah, I don't betat all. No, not, no,
no, I don't bet. Idon't bet because you know what,
because I know if I lose,I want to kill myself. If you
lose, I would jump for July. It's a whole point, and it
(43:34):
was buff It was almost exactly fiveyears ago, me fourteenth, twenty eighteen,
when the Supreme Court ruled that sportsbetting is legal and all fifty states
are allowed to do it. Stilla few who don't allow sports betting,
but for the most part, itis here, it is available. It's
making a ton of money. Buthere is a surprise. You would think
(44:00):
since the sports companies the betting program, betting sports companies keep ten percent,
that's what they charge about ten percentof the take. You'd think they would
be money making money hand over fist. So let's start with the fact there
are really only two companies in thebusiness that controls seventy percent of sports betting
(44:22):
across the country. Fan Duel isone of them, and the other one
is what Draft King Right? Ihave that right, yes, Draft Kings,
and I don't bet on these,so I don't. I just don't
get it. To me, bettingon a sports event is taking a dart
(44:43):
and throwing it against the wall wherethere's a dartboard, and I just don't
do it. Are you a betterJen, Yeah? Not big, but
yeah I like to go or youknow that on the ponies, Yeah,
you know that. I don't knowa race, Yeah, then I'll do
it. Yeah. My brother wasa huge, huge betterroom. One day
he was at my place, We'rewatching a football game and he lost.
(45:06):
It was over my mother's house actually, and he almost was crying. Literally,
his hands are in his his headis in his hands, and he
is visibly visibly upset. And mymother goes over and walk and says,
what's wrong. He goes, Ijust lost eight thousand dollars. Oh,
I mean no. He was aserious, serious bet Oh see I'm talking
probably my biggest bet ever has beenlike a hunter. Yeah, I know
(45:29):
he was, well, yeah,he used to bet very heavily apparently,
and then my mom said, whydon't you bet on the winners? Yeah,
he loved he goes, Oh god, that's the secret, thank you.
I never thought of that. So, in any case, sports betting
(45:51):
has become huge, as you know, and these companies aren't making any money.
Uh. Fan Duel became the firstport a profitable quarter in the second
leg of twenty twenty two, notin first right, not the first quarter.
Expects to be profitable for twenty twentythree, no guarantees. DraftKings is
(46:14):
expecting its first profitable quarter at theend of the year. You would think
these companies would be printing money.You would think that more money pours in
than they can even physically pick upcount and put into under mattresses. But
that's not the case. And nowyou have states that used to say no,
(46:35):
no, no sports betting. Well, we for the most part didn't
have sports betting because we had alobby that fought sports betting in this state
beyond anything you can imagine, andthat's called Las Vegas. And they absolutely
decided no, no, no,no, you don't want sports betting.
We don't want you to bet inCalifornia because we don't want the kids addicted
to sports betting. I mean,their campaign was just insane. You know,
(47:00):
most of the people that go toLas Vegas, we we are the
majority Southern Californias, are the majorityof the market in Las Vegas. Even
with all the international business that's comingin, still the market. So now
we have sports betting ever since twentyeighteen and the avalanche of advertising. You
(47:21):
can't see a sports show, aprogram without sports betting, even mainstream,
you have sports betting. I don'teven know what are the odds, you
know when you I've never done sportsbetting. You know on the uh the
relative to you know, Draft Kingsor the other companies. How does that
(47:43):
work? You know? Do theygive you the odds that the Las Vegas
bookmakers give you? Is it theodds that change every couple of minutes?
You see the odds? I haven't. I haven't done it in a while,
so I'm China think back. Butyou do see the odds. But
you can also go to different sitesand get what the odds are, how
they change you can get the propbets, you can get all of that.
(48:05):
Yeah, as I'm going through uhthis article and this was from the
Daily News, because I'm just fascinatedby this and the business end of it,
because there is now hyper casual onlinewagering, hyper casual hyper casual well,
because you get immediacy through the internetor through an app. So you're
(48:29):
sitting there on your phone and allyou do is log in and you log
into one of these, uh,these sporting companies, one of these betting
programs. What ends up happening.You can bet on things like, um,
how fast will the next pitch be? Oh? Yeah, I love
that, you know, will itbe put into play? Will the ball
(48:52):
be caught for an out? Willit become a single, double, triple
home run? Will there be anerror? I love it? See,
I'd rather bet on that right honestly, because it's more fun. A friend
of mine bet on what color thegatorade would be at the Super Bowl.
There you are, I mean,you love those bets. One quick,
(49:12):
one quick story. Pete Rose,who of course was thrown out for Gambly.
He Premiere Radio where sometimes I wouldwork out or visit, is on
Supulvin and Ventura and across the streetis this restaurant used to used to be
there, Sisily restaurant owned by afriend of mine and Pete Rose, who
lives in that neighborhood. I thinkit lives in Sherman Oaks, would be
there all the time. And thefirst time I was introduced to Pete Rose.
(49:36):
And by the way, he alwayswears Elton John kind of glasses.
Very strange now lou with the youknow, the diamond encrusted stuff. The
first time I ever met him,I was introduced to him and the first
thing he ever said to me isI was robbed. No where. Yeah,
I've been robbed. I should bein the Hall of Fame, not
like high nice to me. Ohno, none of that. Just I've
(49:58):
been robbed. Got it? Justa great story. Okay, I want
to take some phone calls starting injust a minute or two. Right when
Gary and Shannon come aboard at thenumbers eight seven seven five two zero eleven
fifty Handle on the law marginal legaladvice off the air for future use.
Eight seven seven five two zero elevenfifty. Gary and Shannon up next,
(50:22):
Gary, what's on the show today? Well, we're gonna start with what
we can expect coming up along theborder when Title forty two expires. We
have an update on the big debtceiling meeting taking place today at the White
House, and our true Crime Tuesday. Late in the show, Gary and
Shannon will come up right after thenews. You've been listening to the Bill
Handles Show, Catch My Show Mondaythrough Friday, six am to nine am,
(50:43):
and anytime on demand on the iHeartRadioapp.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.