August 24, 2025 • 37 mins
Hour 2-It’s Not Socialism... Wait... Oh, yeah... yeah it is. Chris is covering the U.S. government set to become Intel’s largest shareholder, after the chipmaker confirmed late Friday that the government agreed to invest $8.9 billion previously allocated to the firm in federal grants to own 9.9 percent of the company.
Some Republicans and Libertarians have complained that Trump’s transactional moves are a betrayal of the GOP’s traditional commitment to free-market policies. That and so much more on KFIAM-640!
Some Republicans and Libertarians have complained that Trump’s transactional moves are a betrayal of the GOP’s traditional commitment to free-market policies. That and so much more on KFIAM-640!
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Episode Transcript
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Speaker 1 (00:01):
You're listening to Bill Handle on demand from KFI AM
six forty and I Bet I make up Chris Merril
can't f I am six forty more stimulating thought. Always
an honor to spend the time with you. So thank
you for you know, letting me be a part of
(00:22):
the fun group. Here's a pretty dynamite something very interesting
happened this week. So the country has been pushing really hard,
whether it was Biden with a Chips act or Trump
with pushing for AI stuff, the country has been pushing
really hard to stay as a front runner on technological advancements.
(00:45):
There are some distinct advantages to this, and there are
some actual disadvantages to being a front runner too advantageous.
If you're there first, you're the go to. Everybody looks
to you. The technology goes through you. That means all
the money associated with the technology goes through your country.
There's no doubt that it is that it is a
(01:07):
big boom early on in the development of advancing technology.
The flip side is your technology also ages faster. And
the example I have is we were early on when
it came to the adoption of the Internet the United
States was I mean, we're the most forward thinking country
(01:27):
in the world.
Speaker 2 (01:28):
So we're way ahead.
Speaker 1 (01:29):
And then all of a sudden, about fifteen years ago
or so, they started doing studies about who has access
to high speed internet and who doesn't, and the United States.
Speaker 2 (01:39):
Has fallen way back.
Speaker 1 (01:41):
We had fallen way back because when we put in
a good deal of the infrastructure, we put an infrastructure
that was top of the line for that moment, and
then the other countries that were lagging behind started updateding
their infrastructure with what was top of the line at
the next moment, and suddenly they were faster. It's kind
of like when your pairing remodeled the house and they
(02:02):
put in all that top of the line linoleum and
popcorn ceilings, and that's what everybody was doing at the time,
and your parents, of course, have never remodeled since, and
you walk in there and it feels like you're going
into an ancient.
Speaker 2 (02:14):
Outdated home. Right.
Speaker 1 (02:16):
So similarly, when you get ahead on the technology, you
can sometimes get too far ahead when it comes to AI.
I don't know if that's necessarily going to be the
case when it comes to because AI isn't a function
of the infrastructure, although it could be if we start
talking about data centers and water reclamation and blah blah blah.
Speaker 2 (02:34):
But I'm not going to get down there.
Speaker 1 (02:35):
Instead, what I want to do is I want to
focus on the money that we're putting into the chips.
So the pandemic comes around, and as you well know,
supply chain issues made the cost of electronics go through
the roof, and also the cost of getting parts for
repairing electronics became very challenging, and all of a sudden,
(02:58):
we went, wow, we got a real issue in this country,
and that is that we're not making enough of our
own electronics. So the big emphasis is how do we
make sure that we can on shore all of these
these devices and their components. And so the Chips Act
comes along one it was. It was done as we
(03:18):
were pushing through all of the other major legislation that
was supposed to infuse the economy to make sure we
didn't go into a recession. Some say we went too
far on that. The other thing Biden made this, like
you know, a key piece of his of his presidency,
the Chip Sack that meant billions of dollars for Intel
for TSMC, which is the Taiwan Semiconductor corporation money for
(03:42):
a MD for Nvidia, tax breaks for other places that were,
you know, going to advance that technology to the benefit
of the United States staying on top. Well, Trump has
picked up that same mantle and he has taken what
the Chips Act was giving Intel and he has both
charged it by actually making the.
Speaker 2 (04:03):
Country buy part of Intel, the makers.
Speaker 1 (04:09):
Of the the chips that run your computers. See Intel
used to be top of the line. Remember when they
had the Pentium Who baby, it's got a penny inside.
Speaker 2 (04:20):
Whoo smoking fast.
Speaker 1 (04:23):
They still have, in my opinion, the best chips for
your for your desktop and for your laptops. I've been
buying Intel's for a number of years. I used to
use some of the other brands, the AMD chips, and
there were a few others along the way I've used those.
Intel was always superior. Although AMD has caught up, they're
doing a really great job now. But where Intel went
wrong is they completely fell behind and did a terrible
(04:47):
job of creating anything that goes into your cell phone.
And they are not even close when it comes to AI.
So while my computer may have an Intel processor in
it might have an Intel based chips on the motherboards
on the on the bluetooths on the Wi fis all
that other stuff. When it comes to my cell phone,
(05:09):
that's not it. That's TSMC, that's Qualcom, that's Apple. They're
making the chips for the phones. When it comes to AI,
it's Nvidia, right and and Intel has fallen behind. So
Intel is falling on some hard times. They need an infusion.
Trump says, this is an American company, This is gonna
be great. Let's let's uh, let's give them some more money,
(05:31):
but they have to give us something in return. In
other words, the United States just bought ten percent of Intel.
The US government is now the largest shareholder of Intel.
President Trump is from Fox News, by the.
Speaker 3 (05:46):
Way, using a deal with Intel having the federal government
take a ten percent stake in the company.
Speaker 4 (05:52):
Listen, okay, if we had a president would have said, okay,
you can go to Taiwan, but we're gonna put a
one or for two hundred or three hundred, five hundred
percent there of anybody that sells into the United States
has to pay.
Speaker 5 (06:04):
They wouldn't have left.
Speaker 4 (06:05):
They ended up giving US ten billion dollars for the
United States. So we picked up ten billion, and we
do a lot of.
Speaker 5 (06:11):
Deals like that. I'll do more of them.
Speaker 3 (06:13):
But some are hitting back at the president's choice, with
GP Senator Ram Paul calling this a step towards socialism
and a terrible idea.
Speaker 6 (06:22):
It's hard to argue.
Speaker 2 (06:23):
And then all of a sudden, my audio skips. I
don't know why.
Speaker 1 (06:25):
Bad edit, bad computer, Probably that Intel chip, but anyway,
just skips ahead to who they're interviewing.
Speaker 2 (06:31):
And I apologize for the terrible edit.
Speaker 1 (06:33):
Honestly, god, I didn't find it until I was sweeping
the the audio be for.
Speaker 2 (06:39):
The show starter.
Speaker 7 (06:39):
It's hard to argue with free ten billion dollars, and
it's hard to argue with all of the money that
President Trump has been luring into this country. But the
truth is is, if you are a free market capitalist,
you do not want government investing in public companies.
Speaker 1 (06:54):
WHOA, Wait a minute, you got Republicans saying the government
should not be investing in public companies.
Speaker 2 (07:02):
WHOA, But that's just what Trump did.
Speaker 7 (07:04):
It introduces political influence, It may prioritize government goals as
opposed to profit maximization. It could create an unfair advantage
for other companies that are in the sector. Is government
going to treat that company better than another company. Is
there going to be an unfair advantage for the other
(07:26):
companies within the space. It undermines a private sector economy
and the competitiveness to a private sector all.
Speaker 2 (07:35):
Right, So that's from Fox.
Speaker 1 (07:39):
So you have Republicans that are saying this is a
bad idea because now the government is incentivized to make
sure that Intel does well, because the better Intel does,
the better the government does, because we now have a
stake a share in it. We've got a ten billion
dollars worth in Intel now. So if the government then
is let's say, making a giant order for cell phones
(08:05):
and Intel is putting out a new chip that can
be used in cell phones, are we likely to.
Speaker 2 (08:12):
Favor that?
Speaker 1 (08:14):
I mean, it would be kind of dumb, not too,
wouldn't it. It'd be really dumb if the government is
getting ready to replace all of the computers of the DoD,
just hypothetically speaking, we're going to replace all the computers
of the DoD, All right, cool, what should we get?
Should we get Apple? Should we get these computers that
(08:36):
are using AMD chips? Or should we buy all computers
that have only Intel chips? I mean, it's a massive
purchase that's going to be very beneficial to one company.
Speaker 2 (08:47):
It would be stupid, frankly.
Speaker 1 (08:50):
I mean, it would be an absolute brainless move to
not invest in the Intel computers. You wouldn't buy stock
in and then only by Chevyes. You wouldn't do it.
It doesn't make any sense. But then if you are AMD,
you're going hold on, what did we do wrong? And
(09:13):
if you're the federal government, are you even looking for
the best deal when the whole point is to make
sure you're reinvesting in your own investments. Now here's where
things can get really, really dangerous. I'm old enough to
remember a time when we had a president who was
offering a good deal of.
Speaker 2 (09:31):
Money for certain.
Speaker 1 (09:34):
Auto manufacturers and there were bailouts. Money went to General Motors,
money went to Chrysler at the time. I think it
was Daimler Chrysler at the time. Now it's under stillanthis
the government said, you guys are too big to fail,
just like these banks, we are going to rescue you.
(09:55):
We are going to buy We're going to give a
whole bunch of money to your company, and we're going
to own a portion of your company. And then you're
gonna buy that company back from US was the plan.
There's no plan on that with Intel. People today still
refer to GM as government motors because Obama was instrumental
(10:15):
in making sure that the auto companies got that bailout.
Speaker 2 (10:18):
Bush was part of that too.
Speaker 1 (10:19):
By the way, that was happening during their transition between
the election of eight and then Obama coming in int
O nine. So when that happened, people lost their minds.
Obama is a socialist. Obama is trying to take over
these American companies. Now Trump is doing it, and the
same people who were complaining fifteen years ago they have
(10:40):
more faith in Trump.
Speaker 2 (10:41):
That's fine.
Speaker 1 (10:44):
Let's operate under the hypothetical that you're exactly right that
what Trump did is is fine because he's in charge
and he's not gonna let it go to the same
dark places you thought that Obama was going to let
it go.
Speaker 2 (10:56):
How long is Trump going to be president?
Speaker 1 (10:59):
Because what happened when Gavin Newsom gets elected or Jamie
Pritzkert or Gretchen Whitmer or the next Democrat gets elected
into the White House. What happens the next time that
the Democrats have control of Congress and the White House
what's to stop them then from saying we're gonna start
investing in solar panel companies, we're gonna start investing in windmills,
(11:19):
we're gonna start investing in all of this other tech.
We're gonna start investing in in EV chargers. See where
this turns into a real slippery slope where when you're
cheering your party on today, you're actually opening the door
for the other party to do the same things that
you didn't like before.
Speaker 2 (11:38):
See where that gets really challenging. So we'll see how
this goes.
Speaker 1 (11:42):
The administration so far has said no, no, no, we're
not gonna be favoring Intel. That will not enter into
the equation at all. I hope they stick to that, genuinely,
hope they stick to that, because I'm very concerned. I'm
concerned about the influence, but then I'm also concerned that
our money is going to this company and then all
of a sudden, we're not doing what's in our own
best interest in supporting that company. Seeing the real catch
(12:04):
twenty two. Are we about to see something that the
president has been asking for for months? It could be happening.
There's a hint, hint coming out of Wyoming of all places.
Next Chris MERYLFI AM six forty. We're live everywhere in
the iHeartRadio app, jammin of I like it, finding that
groove it's been found.
Speaker 2 (12:23):
I like it.
Speaker 1 (12:24):
Chris merrilkfi AM six forty more stimulating talk on demand
anytime on your iHeartRadio Appright. So, for months, the President
has been saying that the Federal Reserve needs to drop
interest rates.
Speaker 2 (12:39):
Drop those rates, drop the rates. His idea is that he.
Speaker 1 (12:43):
Wants for the economy to show skyrocket, take right off
the concern the hesitation. Of course, that the economy takes off,
then we might be in a situation where we're actually
exacerbating the issues that we've had with inflation in the past.
Speaker 2 (12:58):
But it sounds like dure.
Speaker 1 (13:00):
Powell, the Fed chair, seems to think that seeing the
softening job market might be an indicator that it could
be time to cut those rates again.
Speaker 6 (13:10):
From ABC seven tonight, high anticipation from Wall Street to
Main Street after Federal Reserve chairger Rome Powell signaled as
soon as next month, the US Central Bank could cut
interest rates for the first time in nearly a year,
impacting everything from car loans to credit cards, Powell under
a constant pressure campaign from President Trump to lower rates,
(13:30):
which the FED has left unchanged since December to fight inflation.
Speaker 4 (13:34):
And we call him too late for a reason.
Speaker 2 (13:36):
He should have cut him a year ago.
Speaker 5 (13:37):
He's too late.
Speaker 6 (13:39):
Trump even calling for Powell to resign and making this I.
Speaker 1 (13:42):
Mean, it's better late than ever though, right, he says
it's too late. So should he not cut him?
Speaker 2 (13:48):
Then? Oh no, he should, that's right. Okay, So this
it's too late.
Speaker 6 (13:52):
Trump even calling for Powell to resign and making this
rare presidential visit to review the Fed's renovations and turn
up the heat on the chairman about the building's price tag.
Speaker 4 (14:03):
It looks like it said about three point one billion,
one up a little bit or a lot or a lot.
Speaker 2 (14:08):
Two point seven.
Speaker 5 (14:09):
Is now three point one. And yeah, it just came
out in his clothes.
Speaker 2 (14:16):
How was that awkward press conference?
Speaker 1 (14:17):
I remember where they were both wearing hard hats and
Trump was pulling pieces of paper out of his shirt
that said, I don't know whatever it said, you know,
price up?
Speaker 6 (14:26):
Mostly watch speech in Jackson, Hawayoming, Powell seeming to acknowledge
the president's prodduct saying only FED officials reviewing economic data
like inflation and jobs numbers will make the final call.
Speaker 1 (14:39):
We will never deviate from that approach.
Speaker 6 (14:42):
Stock's surgeon yesterday after Powell's mere suggestion of a rate cut. Meantime,
the FED watching the impacts of Trump's trade war closely too,
as major retailers start to feel the pinch. Walmart's CEO
telling investors the world's largest retailer is seeing costs increase
each week. Largely avoided raising prices so far, so far
(15:03):
at home Depot, saying it's already begun when it calls
some modest price increases.
Speaker 2 (15:08):
Okay, so Home Depot is doing that. Oh good, So
the cost of building a home is going to go up. Crap?
Speaker 1 (15:18):
That was j O'Brien reporting.
Speaker 3 (15:20):
Passage also indicated yesterday that the Feds will move carefully
and cut rates at a much slower pace than President
Trump wants.
Speaker 2 (15:28):
Okay, so what's going to happen? I don't know.
Speaker 1 (15:33):
If they act quickly and all of a sudden they
cut rates and we see things start to take off.
I do think you're going to see inflation get juiced.
I'm still not sold on the notion that the tariffs
are not going to cause inflation. As they said, so
far a number of companies have taken the hit. But
we are starting to see signs that inflation is is
(15:53):
coming and there's going to be some tariff related inflation.
Speaker 2 (15:57):
It's happening right now. How bad is it going to be?
I don't know. Three percent year over year.
Speaker 1 (16:06):
If inflation next year is the same as it is
this year, are we going to be okay with that?
Speaker 2 (16:11):
If inflation goes.
Speaker 1 (16:12):
To five percent, if inflation goes to seven percent year
over year. You realize that the peak of inflation was
a couple of years into the pandemic, and so we
didn't see things skyrocket and price right away except toilet paper.
Things in skyrocket right away. It took a little while
for that inflation. All of a sudden we started seeing it.
(16:33):
It started to accelerate as a lot of that stimulus
money was working its way through the economy and the
supply lines we're opening back up, and YadA.
Speaker 2 (16:40):
YadA, YadA, YadA YadA.
Speaker 1 (16:42):
So what happens now if we're in the early stages
of another inflation ear period where we were back down
to below two and a half percent, never got back
to that two percent, that that the government always targets
we're back up to about three percent right now. By
this time next year, are were going to be saying, wow,
the cost of goods is seven percent higher than it
(17:02):
was last year, putting us right back into the exact
same scenario we were in under Biden.
Speaker 2 (17:09):
See that's my concern. I think it's the Fed's concern. Keyla.
Speaker 1 (17:16):
You like when I talk about percentages and numbers and inflation
and stuff like that. It is that exciting for you,
Kayla Killer, Hey, I've put her in a coma. I
am sorry. I lose more producers that way. Really apologize. Hey,
one place where things are not coming down is well
(17:37):
I kind of hinted at it before. There is the
cost of building homes not going away. And even if
you did want to buy a home, and even if
you could buy a home, there aren't enough out there for.
Speaker 2 (17:50):
You to pick from.
Speaker 1 (17:53):
You're not gonna like to hear what I have to
say next, because it bodes very, very poorly for us
here in southern California. And still to come to what
is the perfect salary for Americans. It's a whole lot
different than people living on the West Coast. I can
tell you that. If you're listening on the iHeart Radio app,
let me know what your perfect salary would be. Well,
how much would you need to have to be a
(18:14):
very comfortable American dream achieving person. What's the perfect salary
for living in southern California? To get your thoughts on
that in just a few moments, I'm Chris Merril, kfi
AM six forty.
Speaker 2 (18:23):
We live everywhere on the iHeart Radio app.
Speaker 1 (18:25):
You're listening to Bill Handle on demand from kfi AM
six forty Pleasure hanging out tonight Chris Merrill, kfi AM
six forty more stimulating talk. Kayla, I'm seeing I'm looking
at the rundown here. I'm seeing an interview for six o'clock.
That's our showbiz segment.
Speaker 8 (18:45):
Yes, sometimes I book interviews for us sometimes.
Speaker 2 (18:51):
I know, But this is what's the who's this person?
Speaker 8 (18:53):
Well, she's an actress and she has an OSCAR nominated
film either out or coming out. Don't get don't get
me to quote in things, but I know that she
has I don't know the correct way to say this,
but I want to say she's on the spectrum somewhere
and they want to give that community more of a
voice and an impact in the industry, and I think
(19:17):
that's her goal of coming on this show segment.
Speaker 1 (19:21):
Well, listen, this is the most listened to Sunday afternoon
show on this frequency in all of can't fine, So
it's the place to be. Yeah, got that going for us?
Speaker 2 (19:35):
All right?
Speaker 6 (19:36):
Very good?
Speaker 1 (19:36):
All right, I'm looking forward that it's coming up here
six o'clock. Let's see if we get here to yel
show business like you do. Oh okay, just when you
call her, just tell her to be ready to say
show business.
Speaker 9 (19:47):
I'll let her know.
Speaker 2 (19:48):
That'll be fun. That'll be fun.
Speaker 1 (19:51):
California home sales are down. Okay, Why well because there
isn't enough inventory in the price are too high?
Speaker 2 (20:00):
You don't say Southern California.
Speaker 1 (20:04):
Home buying collapse continues from the Orange County registered Jonathan Lanzner,
writing this sounds a bit.
Speaker 2 (20:14):
A bit amped up here.
Speaker 1 (20:15):
Home buying collapse continues the second slowest selling June on record,
as house centers shied from record high pricing.
Speaker 2 (20:23):
This we are in such a.
Speaker 1 (20:24):
Weird time that normally when sales slow, that's when prices
start to come down. That's when we see the market
shift from a buyer's market to a seller's market, a
seller's market to a buyer's market.
Speaker 2 (20:39):
Right, that's normally what happens.
Speaker 1 (20:41):
We're in such a weird time, and it's gonna take
somebody far smarter than I to understand how it is
that we suddenly have an inventory shortage. This is happening nationwide.
Prices are incredibly high. Sellers are getting frustrated, and they're going,
that's it. I'm not even gonna sell now. So demand
is still there, except demand doesn't want to pay that price.
Speaker 2 (21:04):
Sellers aren't willing to sell for less.
Speaker 1 (21:08):
This normally means well, normally, if the buyers aren't buying
for that price, the price has come down. But now
you've got sellers that are saying I'm not going to
sell for less, buyers saying I'm not going to pay more.
Speaker 2 (21:19):
I think the only.
Speaker 1 (21:20):
Way that this gives is if we do see interest
rates change, which if you heard the last segment, which
is one of the most boring segments I've.
Speaker 2 (21:27):
Ever done, the.
Speaker 1 (21:29):
Federal Reserve chair is looking at lowering the rates a
little bit. Still, if I'm buying a house, I mean,
I'm probably unrealistic, feeling a little spoiled, but I want
to see those rates come back down below five again.
I'm probably being unrealistic about that. Probably should be happy
when they're down below six, but you know, I just
(21:54):
know that's gonna happen. So let's see. This is from
oh I was looking I was looking up but to
see if anybody had commentary on this, and a guy
from Mike Weber Homes put out a video who's talking
about the sellers freezing things.
Speaker 9 (22:08):
And the reason why that is is because we are
seeing kind of a new change in the patterns that
we've been experiencing since the beginning of the year, and
that is is that less sellers are actually listing homes now.
So we're starting to see a decline in new listings
coming onto the market, and that's likely because sellers are
getting discouraged and a lot of sellers are probably looking
(22:30):
at their neighbors' houses that have been sitting on the
market for a while and aren't getting offers, or their
neighbors maybe aren't getting offers like they thought they would
at prices that they thought they would, and so they're
getting discouraged from putting their homes in the market because
they're probably not going to get the price that they anticipated,
and so they're deciding to either stay put or rent
the house out, or wait until maybe a more opportune
(22:51):
time comes up in the future, whether or not that
actually ends up happening, all right.
Speaker 1 (22:55):
And in the meantime, people are downsizing. Now, they're downsizing.
The people that want to buy aren't buying the they're
not buying the homes of the sizes that they want
to homes that are being built.
Speaker 2 (23:07):
Now.
Speaker 1 (23:08):
I was just reading about this. Let me see why.
Oh yeah, here it is. This is weird. Did you
ever kill did you when you grew up? Did you
grow up in a house or did you grow up
like an apartment or oh?
Speaker 8 (23:20):
Yes, I've always had a house until okay.
Speaker 1 (23:24):
Have you ever lived in a house that didn't have
a dining room?
Speaker 8 (23:30):
I don't think my house grown up had a dining room.
We in the kitchen, which had a kitchen table. Yeah,
so we didn't have a dining room.
Speaker 1 (23:36):
Now you did not, all right? I mean dining rooms
are pretty common for years though, right. Oh yeah, but
now I guess that's something that people are like, we
don't need them. People are they say, formal dining rooms
have almost been eliminated from our design vocabulary.
Speaker 2 (23:53):
According to somebody that does designing, uh.
Speaker 1 (23:56):
They're being replaced with flex rooms that serve multiple role
roles like an office or a bedroom. And I would
imagine young families like a playroom too. Having bought a
number of homes, the biggest waste of space, in my opinion,
is the dining room. I am one hundred percent behind
this movement. I also will tell you that I wish
(24:18):
I had sat down and ate more meals with my family,
But I grew up like you did, Kayla. I grew
up where we all sat down. Dinner was at my
parents ate a little early five o'clock every night, five o'clock,
dinner's ready at five, dinner's ready at five. And we
had like a peninsula in the kitchen that we used
to sit around.
Speaker 2 (24:36):
That was it. We sat at the counter in the kitchen.
That's where we had our dinner.
Speaker 1 (24:39):
The idea of a formal dining room just feels like, Okay,
now I just have to buy an overpriced piece of
furniture to put here in case somebody wants to do
Thanksgiving at our house.
Speaker 2 (24:48):
Right, So, most of the time.
Speaker 1 (24:50):
That square footage that is not being used, or if
it is being used, it ends up being the clutter room.
Do you know what I'm talking about this and that
is that that dining room table is sitting out. What
a convenient place to put crap for right now. I'll
just set it down here. I gotta wrap presence. I'll
just put all the stuff right here for right now.
I'll clean it up later. I just got groceries. I'm
(25:11):
gonna put all this stuff down here and I'll just
get this stuff that. I get this other stuff later.
I gotta put the I gotta put the frozen foods awhile.
I'll just get all that other stuff later. And things
start to pile up on that table.
Speaker 2 (25:22):
That's what then? What's the point? What's the purpose. So
I guess some people are saying, Nope, we would.
Speaker 1 (25:28):
Rather have a different room where you know, we can
use it as a flex room, office, bedroom, I'm gonna
say play room. Some of that sort medium price home
nationwide four hundred to fifty nine thousand dollars, wouldn't that
be nice? That is out of reach for roughly seventy
five percent of US households.
Speaker 5 (25:49):
That is.
Speaker 2 (25:51):
What half of our medium home value here in southern California. Yeah.
Speaker 1 (26:00):
Oh, half of the median home valley in southern California
is out of reach for seventy five percent of American households.
Speaker 2 (26:05):
It is why I was asking, what is the ideal salary? Kelly?
Speaker 1 (26:09):
You sent me a couple of these talkbacks? Which one
is the one that's about the salary? Are they both
well on?
Speaker 8 (26:16):
One's about salary, the other one's kind of about saving
in old age.
Speaker 2 (26:20):
Oh, okay, let me see. I'll just I'll just whip
through them.
Speaker 1 (26:23):
I have listened to these, so if there's Sam standby,
if there's a I haven't checked these to see if this.
Speaker 2 (26:28):
All right.
Speaker 5 (26:29):
Tar Iff's good inflation good?
Speaker 2 (26:31):
Oh, tar iff's good inflation good.
Speaker 5 (26:33):
Tar Iff's good inflation good. I'm a saver.
Speaker 10 (26:36):
I like high inflation rates because that means interest rates
will go up, hopefully unless Trump squashes them.
Speaker 5 (26:44):
We'll see. I like four to five on my savings.
I'm old. I need that good stuff, good stuff.
Speaker 10 (26:53):
Chris, high inflation, high interest rates on my long term savings,
CDs man.
Speaker 2 (26:58):
Yeah.
Speaker 1 (26:59):
I guess the thing is somebody's making money, right. Whenever
there's a whenever there's investments, somebody's making money on it.
Every time. I lose winning in the stock market. Somebody
else is making money on it. I guess I don't
like it. I think it's bad for the country generally.
Maybe your individual circumstances are different, though. That's fine way
to find the investments to pay off. Good for you,
(27:20):
perfect salary.
Speaker 2 (27:21):
Perfect self. One three Yeah, one hundred and ninety three thousand,
seven hundred that we had to say, wait about what
was that at the end? Seven hundred? No? No, Kayla,
did you say you listen? Seven hundred? Did you?
Speaker 5 (27:41):
Was he hanking?
Speaker 8 (27:41):
Aluki?
Speaker 2 (27:42):
Oh? I don't know.
Speaker 1 (27:43):
It sounded like a dog rowling At first. There was
a toilet flushing here. Let me just amplify that. We
just bring that audio up here.
Speaker 2 (27:51):
Seven hundred. I have no idea what that was flushing?
You think toilet?
Speaker 9 (27:56):
Are you okay?
Speaker 6 (27:57):
Sir?
Speaker 2 (27:57):
So I do us another talk back? All right? Cool?
What's the last one here? Kayle? Can I play this one?
Speaker 8 (28:05):
Or that was the one I was letting you know?
Speaker 4 (28:06):
Oh?
Speaker 2 (28:07):
That was yeah, exactly, I got you, got you gotcha? Okay?
Speaker 1 (28:10):
Cool? All right, Thank you very much for everybody that
is give us to talk about the one ninety three
salary that the gentleman quoted before he flushed the toilet.
I thought, I think that's pretty good. Hold one ninety three,
seven hundred, he said, right, yeah, I'm gonna write that down.
I'm gonna come back to it here in just a second,
because you're about to find out what the rest of
the country says is the perfect salary.
Speaker 2 (28:30):
Around here?
Speaker 1 (28:30):
This is only perfect if you are living in a box.
That is next Chris Merril, k, I am six forty.
We're live everywhere on the iHeartRadio app DFI for keeping
me posted on everything at some court, but I live
in Colorado. Hellu buck grow all right, Well, his veranda
(28:51):
sounds a lot like a toilet. I mean, I'm not wrong, right.
Speaker 2 (28:56):
No, I thought he was totally on the toilet.
Speaker 8 (28:58):
But I'm glad to clarify, and I'm glad he's okay.
Speaker 1 (29:00):
This is the first fall for those joining us. Seven hundred,
it's tonally. Maybe it's a dog rowling at the very end,
he says, seven hundred, And then here this seven hundred.
Speaker 2 (29:12):
Yeah, there's a dog rowlly.
Speaker 1 (29:14):
Whatever it is, Chris Merrill, If I am six forty,
more stimulating talk, keeping you informed on what's really important,
Like is our listener in Colorado on the veranda or
the kmmode.
Speaker 2 (29:26):
These are the sorts of things that keep you up
at night.
Speaker 1 (29:27):
There's no doubt he did call and he gave us
an answer though, to the question tonight, what is the
perfect salary for living in southern California? He said, perfect
salary one ninety three, Yeah, one hundred and ninety three thousand,
seven hundred.
Speaker 2 (29:44):
Flush, Yeah there real, uh, one ninety three, seven hundred.
Speaker 1 (29:48):
He says, that's that's probably a pretty comfortable life in
southern California.
Speaker 2 (29:54):
Right, I'll take it.
Speaker 1 (29:56):
I mean, well, I'm thinking household income. Now that's perfect salary.
But household income. If your household income is around two
hundred thousand, that means you're in well, no, because your house.
The way I always figure this, when you're trying to
figure out how much house can I afford, take your salary,
multiply it by three, right, and that's a pretty general
(30:18):
ballpark area. The old rule of twenty nine is you're
not supposed to spend more than twenty nine percent of
your of your salary on a mortgage. That's kind of
edged up a little bit, and here in California it's
tough to do less than fifty. Uh, but so I
always figure take your take your household income, multiply that
by three. That's going to give you about your rule
of your rule of twenty nine or a route about
(30:39):
thirty percent, okay, about a third.
Speaker 2 (30:43):
Used to be that way.
Speaker 1 (30:44):
Then mortgage rates have gone up, so now you can
even multiply it by three for easy math. Well, let's
just continue using easy math. That puts you in a
six hundred thousand dollars house. Can you raise a family
in a safe neighborhood and have enough room around here
for six hundred thousand dollars and around the metro Maybe
(31:05):
you're in a more outlying area, Maybe you're you're off
the off the grid a little bit, maybe you're Analogic
valley or something, and where prices might be a little lower.
But if you're station here is in Burbank, I don't
think I can find anything to raise a family in.
I mean, I'm certainly not getting a three bedroom, two
bath with a white picket fence and a two car
garage for six hundred thousand dollars per bank. Certainly not
(31:32):
Pasadena Glendale. And I guess maybe Cayle, is that enough?
Did you raise a family on two hundred thousand dollars.
Good talk, good talk. She's leting here. Oh there you are?
Speaker 8 (31:48):
He ask it again, because you know when you talk,
I tune out.
Speaker 1 (31:53):
Do you know why I like Kayla is the producer
because she is reflective of the entire audience. That's exactly
what it is, Kelly. Could you raise a family on
two hundred thousand? I mean you could, yeah, it could.
Speaker 2 (32:06):
Yeah, But is that really enough to raise the family
the way that you want to?
Speaker 6 (32:10):
Now?
Speaker 2 (32:10):
I'm not talking about moving to Beverly Hills.
Speaker 1 (32:12):
I'm talking about raising a nice middle class family, three bedroom,
two bath, white picket fence, two car, garage, American dream.
You know, dog in the litter box, got in the doghouse,
all those things.
Speaker 8 (32:27):
Yeah, I think I could do that.
Speaker 2 (32:28):
I would just yeah.
Speaker 8 (32:29):
I will have to live a little bit, you know.
I can't do what I like to do now, but
I can make it work.
Speaker 2 (32:34):
Okay, very good.
Speaker 1 (32:36):
According to America, you don't need anywhere close to that.
Speaker 11 (32:40):
Half of Americans say they're not making enough money to
support their lifestyle. A new survey by Talker Research found
US workers say seventy four thousand dollars a year is
the perfect average salary for them what twenty percent say
they will go even higher and ask for a six
figure salary. Researchers say twenty four percent of Americans just
they're not happy with their income. They're not only worried
(33:02):
about pay, though, Workers are also wanting better benefits, work
life balance, and flexibility at work.
Speaker 1 (33:09):
Okay, I want work life balance, I want flexibility at work.
I also want double my salary and okay, but yeah,
we all want that, but we're not gonna get all
of it. I mean, there are a few people who,
for one reason or another either great education and be
able to make it pay off, or they were in
(33:30):
the right place at the right time, they're able to
do that. But generally speaking, you're not gonna get all
those things.
Speaker 11 (33:35):
So in Blair's social second, what will be the ideal
salary to support your lifestyle? Head to our Facebook page, leave.
Speaker 1 (33:42):
A common, Yeah, add to the Facebook page, leave a
common and smash that like button.
Speaker 5 (33:45):
We're all I want to hear.
Speaker 2 (33:46):
What you have to say.
Speaker 1 (33:48):
Kayla, could you raise your family on seventy four thousand
dollars a year?
Speaker 2 (33:53):
I can't even raise myself on that. That's what I'm
saying right.
Speaker 1 (33:56):
I mean, Talker's Research did the study and they survey
Americans around the country, but only one in five wants
six figure incomes. That blows my mind. Only twenty percent
of America says I want to make six figures.
Speaker 2 (34:12):
That's crazy.
Speaker 1 (34:13):
Look, I have made good money in this business in
the past, much better than I'm making now.
Speaker 2 (34:19):
My son is my son is working hard.
Speaker 1 (34:21):
He's a he's a programmer and he's a he's kind
of a security specialist with a I can't tell you
or or i'd have to, I'd end up at a
black site. But he just got a raise and he's
really excited about his raise. And I'm really proud of
my oldest son. He's the only one that doesn't live
with us, so that's that's pretty nice. His goal is
(34:47):
to is to make one hundred thousand dollars, but he
speaks about it like it's the holy grail.
Speaker 2 (34:52):
I think he's making in.
Speaker 1 (34:53):
This range, about the seventy four thousand range. I'm not sure,
maybe not quite that much. But he's doing okay. He's
doing fine. He doesn't have any kids, he's I'm not married, right,
he's got a girlfriend. They just celebrated the three year anniversary.
She's great for him. I really like her. I hope
he doesn't screw it up. And also I'm glad she's
taking one for the team so nobody else has to
be with him. But whatever he seems to have in
his mind that once he gets to one hundred thousand dollars.
Speaker 2 (35:16):
Cake.
Speaker 1 (35:17):
What astonishes me is how many people believe that if
I could only make thirty percent more, forty percent more,
fifty percent more than I'm making right now, then I
would be set. What's that old saying, MO money, more problems.
Speaker 2 (35:31):
That's what they say.
Speaker 1 (35:32):
That's the truth. I told good. I've made good money
in the past. I've made more money than I make right.
Speaker 2 (35:38):
Now, lots more. And I have more.
Speaker 1 (35:42):
Money in my pocket at the end of the week
right now than I did when I was making double
as much because I was spending it like mad I
had more debt, I was putting more money toward credit
card interest and toward car payment interest, in all this
other stuff.
Speaker 2 (35:58):
And it was after I lost my.
Speaker 1 (35:59):
Job that my wife and I went down to one
income and decided we got to get out of debt,
that we suddenly cut everything. We didn't need out of
our lives. I mean, we weren't going out to eat.
We sold the house, we sold a car. We were
both driving beaters, but we said, let's get let's focus
and get out of this debt. I mean we had
(36:20):
like over like seventy grand and credit card debt alone.
That's on top of the cars and the you know,
we sold the house and got rid of the mortgage,
we sold one of the cars, got rid of that
car payment.
Speaker 2 (36:28):
You know.
Speaker 1 (36:30):
But when you're still staring at, you know, seventy grand
in credit card debt, you're thinking, we're never going to
get out of this. And then I lost my job
and so we had to buckle down and do a
lot of hard work and not spend. And suddenly, once
we got out of debt, we never want to go
back into it again.
Speaker 2 (36:46):
Once we got out of debt, it was like, wow,
we got a lot more money. At the end of
the month.
Speaker 1 (36:50):
We have more money now making less money than we
did when we were making more money.
Speaker 2 (36:56):
So just food for thought, maybe even learned from my experience.
Speaker 1 (37:01):
All right, Next Beluzoe Martinez, she wrote once more like Rainman,
she joins us and there's no business like show business. Hey,
if I am six forty live everywhere in the iHeartRadio.
Speaker 2 (37:13):
App, you've been listening to the Bill Handle Show.
Speaker 6 (37:15):
Catch my Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
You're listening to Bill Handle on demand from KFI AM
six forty and I Bet I make up Chris Merril
can't f I am six forty more stimulating thought. Always
an honor to spend the time with you. So thank
you for you know, letting me be a part of
(00:22):
the fun group. Here's a pretty dynamite something very interesting
happened this week. So the country has been pushing really hard,
whether it was Biden with a Chips act or Trump
with pushing for AI stuff, the country has been pushing
really hard to stay as a front runner on technological advancements.
(00:45):
There are some distinct advantages to this, and there are
some actual disadvantages to being a front runner too advantageous.
If you're there first, you're the go to. Everybody looks
to you. The technology goes through you. That means all
the money associated with the technology goes through your country.
There's no doubt that it is that it is a
(01:07):
big boom early on in the development of advancing technology.
The flip side is your technology also ages faster. And
the example I have is we were early on when
it came to the adoption of the Internet the United
States was I mean, we're the most forward thinking country
(01:27):
in the world.
Speaker 2 (01:28):
So we're way ahead.
Speaker 1 (01:29):
And then all of a sudden, about fifteen years ago
or so, they started doing studies about who has access
to high speed internet and who doesn't, and the United States.
Speaker 2 (01:39):
Has fallen way back.
Speaker 1 (01:41):
We had fallen way back because when we put in
a good deal of the infrastructure, we put an infrastructure
that was top of the line for that moment, and
then the other countries that were lagging behind started updateding
their infrastructure with what was top of the line at
the next moment, and suddenly they were faster. It's kind
of like when your pairing remodeled the house and they
(02:02):
put in all that top of the line linoleum and
popcorn ceilings, and that's what everybody was doing at the time,
and your parents, of course, have never remodeled since, and
you walk in there and it feels like you're going
into an ancient.
Speaker 2 (02:14):
Outdated home. Right.
Speaker 1 (02:16):
So similarly, when you get ahead on the technology, you
can sometimes get too far ahead when it comes to AI.
I don't know if that's necessarily going to be the
case when it comes to because AI isn't a function
of the infrastructure, although it could be if we start
talking about data centers and water reclamation and blah blah blah.
Speaker 2 (02:34):
But I'm not going to get down there.
Speaker 1 (02:35):
Instead, what I want to do is I want to
focus on the money that we're putting into the chips.
So the pandemic comes around, and as you well know,
supply chain issues made the cost of electronics go through
the roof, and also the cost of getting parts for
repairing electronics became very challenging, and all of a sudden,
(02:58):
we went, wow, we got a real issue in this country,
and that is that we're not making enough of our
own electronics. So the big emphasis is how do we
make sure that we can on shore all of these
these devices and their components. And so the Chips Act
comes along one it was. It was done as we
(03:18):
were pushing through all of the other major legislation that
was supposed to infuse the economy to make sure we
didn't go into a recession. Some say we went too
far on that. The other thing Biden made this, like
you know, a key piece of his of his presidency,
the Chip Sack that meant billions of dollars for Intel
for TSMC, which is the Taiwan Semiconductor corporation money for
(03:42):
a MD for Nvidia, tax breaks for other places that were,
you know, going to advance that technology to the benefit
of the United States staying on top. Well, Trump has
picked up that same mantle and he has taken what
the Chips Act was giving Intel and he has both
charged it by actually making the.
Speaker 2 (04:03):
Country buy part of Intel, the makers.
Speaker 1 (04:09):
Of the the chips that run your computers. See Intel
used to be top of the line. Remember when they
had the Pentium Who baby, it's got a penny inside.
Speaker 2 (04:20):
Whoo smoking fast.
Speaker 1 (04:23):
They still have, in my opinion, the best chips for
your for your desktop and for your laptops. I've been
buying Intel's for a number of years. I used to
use some of the other brands, the AMD chips, and
there were a few others along the way I've used those.
Intel was always superior. Although AMD has caught up, they're
doing a really great job now. But where Intel went
wrong is they completely fell behind and did a terrible
(04:47):
job of creating anything that goes into your cell phone.
And they are not even close when it comes to AI.
So while my computer may have an Intel processor in
it might have an Intel based chips on the motherboards
on the on the bluetooths on the Wi fis all
that other stuff. When it comes to my cell phone,
(05:09):
that's not it. That's TSMC, that's Qualcom, that's Apple. They're
making the chips for the phones. When it comes to AI,
it's Nvidia, right and and Intel has fallen behind. So
Intel is falling on some hard times. They need an infusion.
Trump says, this is an American company, This is gonna
be great. Let's let's uh, let's give them some more money,
(05:31):
but they have to give us something in return. In
other words, the United States just bought ten percent of Intel.
The US government is now the largest shareholder of Intel.
President Trump is from Fox News, by the.
Speaker 3 (05:46):
Way, using a deal with Intel having the federal government
take a ten percent stake in the company.
Speaker 4 (05:52):
Listen, okay, if we had a president would have said, okay,
you can go to Taiwan, but we're gonna put a
one or for two hundred or three hundred, five hundred
percent there of anybody that sells into the United States
has to pay.
Speaker 5 (06:04):
They wouldn't have left.
Speaker 4 (06:05):
They ended up giving US ten billion dollars for the
United States. So we picked up ten billion, and we
do a lot of.
Speaker 5 (06:11):
Deals like that. I'll do more of them.
Speaker 3 (06:13):
But some are hitting back at the president's choice, with
GP Senator Ram Paul calling this a step towards socialism
and a terrible idea.
Speaker 6 (06:22):
It's hard to argue.
Speaker 2 (06:23):
And then all of a sudden, my audio skips. I
don't know why.
Speaker 1 (06:25):
Bad edit, bad computer, Probably that Intel chip, but anyway,
just skips ahead to who they're interviewing.
Speaker 2 (06:31):
And I apologize for the terrible edit.
Speaker 1 (06:33):
Honestly, god, I didn't find it until I was sweeping
the the audio be for.
Speaker 2 (06:39):
The show starter.
Speaker 7 (06:39):
It's hard to argue with free ten billion dollars, and
it's hard to argue with all of the money that
President Trump has been luring into this country. But the
truth is is, if you are a free market capitalist,
you do not want government investing in public companies.
Speaker 1 (06:54):
WHOA, Wait a minute, you got Republicans saying the government
should not be investing in public companies.
Speaker 2 (07:02):
WHOA, But that's just what Trump did.
Speaker 7 (07:04):
It introduces political influence, It may prioritize government goals as
opposed to profit maximization. It could create an unfair advantage
for other companies that are in the sector. Is government
going to treat that company better than another company. Is
there going to be an unfair advantage for the other
(07:26):
companies within the space. It undermines a private sector economy
and the competitiveness to a private sector all.
Speaker 2 (07:35):
Right, So that's from Fox.
Speaker 1 (07:39):
So you have Republicans that are saying this is a
bad idea because now the government is incentivized to make
sure that Intel does well, because the better Intel does,
the better the government does, because we now have a
stake a share in it. We've got a ten billion
dollars worth in Intel now. So if the government then
is let's say, making a giant order for cell phones
(08:05):
and Intel is putting out a new chip that can
be used in cell phones, are we likely to.
Speaker 2 (08:12):
Favor that?
Speaker 1 (08:14):
I mean, it would be kind of dumb, not too,
wouldn't it. It'd be really dumb if the government is
getting ready to replace all of the computers of the DoD,
just hypothetically speaking, we're going to replace all the computers
of the DoD, All right, cool, what should we get?
Should we get Apple? Should we get these computers that
(08:36):
are using AMD chips? Or should we buy all computers
that have only Intel chips? I mean, it's a massive
purchase that's going to be very beneficial to one company.
Speaker 2 (08:47):
It would be stupid, frankly.
Speaker 1 (08:50):
I mean, it would be an absolute brainless move to
not invest in the Intel computers. You wouldn't buy stock
in and then only by Chevyes. You wouldn't do it.
It doesn't make any sense. But then if you are AMD,
you're going hold on, what did we do wrong? And
(09:13):
if you're the federal government, are you even looking for
the best deal when the whole point is to make
sure you're reinvesting in your own investments. Now here's where
things can get really, really dangerous. I'm old enough to
remember a time when we had a president who was
offering a good deal of.
Speaker 2 (09:31):
Money for certain.
Speaker 1 (09:34):
Auto manufacturers and there were bailouts. Money went to General Motors,
money went to Chrysler at the time. I think it
was Daimler Chrysler at the time. Now it's under stillanthis
the government said, you guys are too big to fail,
just like these banks, we are going to rescue you.
(09:55):
We are going to buy We're going to give a
whole bunch of money to your company, and we're going
to own a portion of your company. And then you're
gonna buy that company back from US was the plan.
There's no plan on that with Intel. People today still
refer to GM as government motors because Obama was instrumental
(10:15):
in making sure that the auto companies got that bailout.
Speaker 2 (10:18):
Bush was part of that too.
Speaker 1 (10:19):
By the way, that was happening during their transition between
the election of eight and then Obama coming in int
O nine. So when that happened, people lost their minds.
Obama is a socialist. Obama is trying to take over
these American companies. Now Trump is doing it, and the
same people who were complaining fifteen years ago they have
(10:40):
more faith in Trump.
Speaker 2 (10:41):
That's fine.
Speaker 1 (10:44):
Let's operate under the hypothetical that you're exactly right that
what Trump did is is fine because he's in charge
and he's not gonna let it go to the same
dark places you thought that Obama was going to let
it go.
Speaker 2 (10:56):
How long is Trump going to be president?
Speaker 1 (10:59):
Because what happened when Gavin Newsom gets elected or Jamie
Pritzkert or Gretchen Whitmer or the next Democrat gets elected
into the White House. What happens the next time that
the Democrats have control of Congress and the White House
what's to stop them then from saying we're gonna start
investing in solar panel companies, we're gonna start investing in windmills,
(11:19):
we're gonna start investing in all of this other tech.
We're gonna start investing in in EV chargers. See where
this turns into a real slippery slope where when you're
cheering your party on today, you're actually opening the door
for the other party to do the same things that
you didn't like before.
Speaker 2 (11:38):
See where that gets really challenging. So we'll see how
this goes.
Speaker 1 (11:42):
The administration so far has said no, no, no, we're
not gonna be favoring Intel. That will not enter into
the equation at all. I hope they stick to that, genuinely,
hope they stick to that, because I'm very concerned. I'm
concerned about the influence, but then I'm also concerned that
our money is going to this company and then all
of a sudden, we're not doing what's in our own
best interest in supporting that company. Seeing the real catch
(12:04):
twenty two. Are we about to see something that the
president has been asking for for months? It could be happening.
There's a hint, hint coming out of Wyoming of all places.
Next Chris MERYLFI AM six forty. We're live everywhere in
the iHeartRadio app, jammin of I like it, finding that
groove it's been found.
Speaker 2 (12:23):
I like it.
Speaker 1 (12:24):
Chris merrilkfi AM six forty more stimulating talk on demand
anytime on your iHeartRadio Appright. So, for months, the President
has been saying that the Federal Reserve needs to drop
interest rates.
Speaker 2 (12:39):
Drop those rates, drop the rates. His idea is that he.
Speaker 1 (12:43):
Wants for the economy to show skyrocket, take right off
the concern the hesitation. Of course, that the economy takes off,
then we might be in a situation where we're actually
exacerbating the issues that we've had with inflation in the past.
Speaker 2 (12:58):
But it sounds like dure.
Speaker 1 (13:00):
Powell, the Fed chair, seems to think that seeing the
softening job market might be an indicator that it could
be time to cut those rates again.
Speaker 6 (13:10):
From ABC seven tonight, high anticipation from Wall Street to
Main Street after Federal Reserve chairger Rome Powell signaled as
soon as next month, the US Central Bank could cut
interest rates for the first time in nearly a year,
impacting everything from car loans to credit cards, Powell under
a constant pressure campaign from President Trump to lower rates,
(13:30):
which the FED has left unchanged since December to fight inflation.
Speaker 4 (13:34):
And we call him too late for a reason.
Speaker 2 (13:36):
He should have cut him a year ago.
Speaker 5 (13:37):
He's too late.
Speaker 6 (13:39):
Trump even calling for Powell to resign and making this I.
Speaker 1 (13:42):
Mean, it's better late than ever though, right, he says
it's too late. So should he not cut him?
Speaker 2 (13:48):
Then? Oh no, he should, that's right. Okay, So this
it's too late.
Speaker 6 (13:52):
Trump even calling for Powell to resign and making this
rare presidential visit to review the Fed's renovations and turn
up the heat on the chairman about the building's price tag.
Speaker 4 (14:03):
It looks like it said about three point one billion,
one up a little bit or a lot or a lot.
Speaker 2 (14:08):
Two point seven.
Speaker 5 (14:09):
Is now three point one. And yeah, it just came
out in his clothes.
Speaker 2 (14:16):
How was that awkward press conference?
Speaker 1 (14:17):
I remember where they were both wearing hard hats and
Trump was pulling pieces of paper out of his shirt
that said, I don't know whatever it said, you know,
price up?
Speaker 6 (14:26):
Mostly watch speech in Jackson, Hawayoming, Powell seeming to acknowledge
the president's prodduct saying only FED officials reviewing economic data
like inflation and jobs numbers will make the final call.
Speaker 1 (14:39):
We will never deviate from that approach.
Speaker 6 (14:42):
Stock's surgeon yesterday after Powell's mere suggestion of a rate cut. Meantime,
the FED watching the impacts of Trump's trade war closely too,
as major retailers start to feel the pinch. Walmart's CEO
telling investors the world's largest retailer is seeing costs increase
each week. Largely avoided raising prices so far, so far
(15:03):
at home Depot, saying it's already begun when it calls
some modest price increases.
Speaker 2 (15:08):
Okay, so Home Depot is doing that. Oh good, So
the cost of building a home is going to go up. Crap?
Speaker 1 (15:18):
That was j O'Brien reporting.
Speaker 3 (15:20):
Passage also indicated yesterday that the Feds will move carefully
and cut rates at a much slower pace than President
Trump wants.
Speaker 2 (15:28):
Okay, so what's going to happen? I don't know.
Speaker 1 (15:33):
If they act quickly and all of a sudden they
cut rates and we see things start to take off.
I do think you're going to see inflation get juiced.
I'm still not sold on the notion that the tariffs
are not going to cause inflation. As they said, so
far a number of companies have taken the hit. But
we are starting to see signs that inflation is is
(15:53):
coming and there's going to be some tariff related inflation.
Speaker 2 (15:57):
It's happening right now. How bad is it going to be?
I don't know. Three percent year over year.
Speaker 1 (16:06):
If inflation next year is the same as it is
this year, are we going to be okay with that?
Speaker 2 (16:11):
If inflation goes.
Speaker 1 (16:12):
To five percent, if inflation goes to seven percent year
over year. You realize that the peak of inflation was
a couple of years into the pandemic, and so we
didn't see things skyrocket and price right away except toilet paper.
Things in skyrocket right away. It took a little while
for that inflation. All of a sudden we started seeing it.
(16:33):
It started to accelerate as a lot of that stimulus
money was working its way through the economy and the
supply lines we're opening back up, and YadA.
Speaker 2 (16:40):
YadA, YadA, YadA YadA.
Speaker 1 (16:42):
So what happens now if we're in the early stages
of another inflation ear period where we were back down
to below two and a half percent, never got back
to that two percent, that that the government always targets
we're back up to about three percent right now. By
this time next year, are were going to be saying, wow,
the cost of goods is seven percent higher than it
(17:02):
was last year, putting us right back into the exact
same scenario we were in under Biden.
Speaker 2 (17:09):
See that's my concern. I think it's the Fed's concern. Keyla.
Speaker 1 (17:16):
You like when I talk about percentages and numbers and inflation
and stuff like that. It is that exciting for you,
Kayla Killer, Hey, I've put her in a coma. I
am sorry. I lose more producers that way. Really apologize. Hey,
one place where things are not coming down is well
(17:37):
I kind of hinted at it before. There is the
cost of building homes not going away. And even if
you did want to buy a home, and even if
you could buy a home, there aren't enough out there for.
Speaker 2 (17:50):
You to pick from.
Speaker 1 (17:53):
You're not gonna like to hear what I have to
say next, because it bodes very, very poorly for us
here in southern California. And still to come to what
is the perfect salary for Americans. It's a whole lot
different than people living on the West Coast. I can
tell you that. If you're listening on the iHeart Radio app,
let me know what your perfect salary would be. Well,
how much would you need to have to be a
(18:14):
very comfortable American dream achieving person. What's the perfect salary
for living in southern California? To get your thoughts on
that in just a few moments, I'm Chris Merril, kfi
AM six forty.
Speaker 2 (18:23):
We live everywhere on the iHeart Radio app.
Speaker 1 (18:25):
You're listening to Bill Handle on demand from kfi AM
six forty Pleasure hanging out tonight Chris Merrill, kfi AM
six forty more stimulating talk. Kayla, I'm seeing I'm looking
at the rundown here. I'm seeing an interview for six o'clock.
That's our showbiz segment.
Speaker 8 (18:45):
Yes, sometimes I book interviews for us sometimes.
Speaker 2 (18:51):
I know, But this is what's the who's this person?
Speaker 8 (18:53):
Well, she's an actress and she has an OSCAR nominated
film either out or coming out. Don't get don't get
me to quote in things, but I know that she
has I don't know the correct way to say this,
but I want to say she's on the spectrum somewhere
and they want to give that community more of a
voice and an impact in the industry, and I think
(19:17):
that's her goal of coming on this show segment.
Speaker 1 (19:21):
Well, listen, this is the most listened to Sunday afternoon
show on this frequency in all of can't fine, So
it's the place to be. Yeah, got that going for us?
Speaker 2 (19:35):
All right?
Speaker 6 (19:36):
Very good?
Speaker 1 (19:36):
All right, I'm looking forward that it's coming up here
six o'clock. Let's see if we get here to yel
show business like you do. Oh okay, just when you
call her, just tell her to be ready to say
show business.
Speaker 9 (19:47):
I'll let her know.
Speaker 2 (19:48):
That'll be fun. That'll be fun.
Speaker 1 (19:51):
California home sales are down. Okay, Why well because there
isn't enough inventory in the price are too high?
Speaker 2 (20:00):
You don't say Southern California.
Speaker 1 (20:04):
Home buying collapse continues from the Orange County registered Jonathan Lanzner,
writing this sounds a bit.
Speaker 2 (20:14):
A bit amped up here.
Speaker 1 (20:15):
Home buying collapse continues the second slowest selling June on record,
as house centers shied from record high pricing.
Speaker 2 (20:23):
This we are in such a.
Speaker 1 (20:24):
Weird time that normally when sales slow, that's when prices
start to come down. That's when we see the market
shift from a buyer's market to a seller's market, a
seller's market to a buyer's market.
Speaker 2 (20:39):
Right, that's normally what happens.
Speaker 1 (20:41):
We're in such a weird time, and it's gonna take
somebody far smarter than I to understand how it is
that we suddenly have an inventory shortage. This is happening nationwide.
Prices are incredibly high. Sellers are getting frustrated, and they're going,
that's it. I'm not even gonna sell now. So demand
is still there, except demand doesn't want to pay that price.
Speaker 2 (21:04):
Sellers aren't willing to sell for less.
Speaker 1 (21:08):
This normally means well, normally, if the buyers aren't buying
for that price, the price has come down. But now
you've got sellers that are saying I'm not going to
sell for less, buyers saying I'm not going to pay more.
Speaker 2 (21:19):
I think the only.
Speaker 1 (21:20):
Way that this gives is if we do see interest
rates change, which if you heard the last segment, which
is one of the most boring segments I've.
Speaker 2 (21:27):
Ever done, the.
Speaker 1 (21:29):
Federal Reserve chair is looking at lowering the rates a
little bit. Still, if I'm buying a house, I mean,
I'm probably unrealistic, feeling a little spoiled, but I want
to see those rates come back down below five again.
I'm probably being unrealistic about that. Probably should be happy
when they're down below six, but you know, I just
(21:54):
know that's gonna happen. So let's see. This is from
oh I was looking I was looking up but to
see if anybody had commentary on this, and a guy
from Mike Weber Homes put out a video who's talking
about the sellers freezing things.
Speaker 9 (22:08):
And the reason why that is is because we are
seeing kind of a new change in the patterns that
we've been experiencing since the beginning of the year, and
that is is that less sellers are actually listing homes now.
So we're starting to see a decline in new listings
coming onto the market, and that's likely because sellers are
getting discouraged and a lot of sellers are probably looking
(22:30):
at their neighbors' houses that have been sitting on the
market for a while and aren't getting offers, or their
neighbors maybe aren't getting offers like they thought they would
at prices that they thought they would, and so they're
getting discouraged from putting their homes in the market because
they're probably not going to get the price that they anticipated,
and so they're deciding to either stay put or rent
the house out, or wait until maybe a more opportune
(22:51):
time comes up in the future, whether or not that
actually ends up happening, all right.
Speaker 1 (22:55):
And in the meantime, people are downsizing. Now, they're downsizing.
The people that want to buy aren't buying the they're
not buying the homes of the sizes that they want
to homes that are being built.
Speaker 2 (23:07):
Now.
Speaker 1 (23:08):
I was just reading about this. Let me see why.
Oh yeah, here it is. This is weird. Did you
ever kill did you when you grew up? Did you
grow up in a house or did you grow up
like an apartment or oh?
Speaker 8 (23:20):
Yes, I've always had a house until okay.
Speaker 1 (23:24):
Have you ever lived in a house that didn't have
a dining room?
Speaker 8 (23:30):
I don't think my house grown up had a dining room.
We in the kitchen, which had a kitchen table. Yeah,
so we didn't have a dining room.
Speaker 1 (23:36):
Now you did not, all right? I mean dining rooms
are pretty common for years though, right. Oh yeah, but
now I guess that's something that people are like, we
don't need them. People are they say, formal dining rooms
have almost been eliminated from our design vocabulary.
Speaker 2 (23:53):
According to somebody that does designing, uh.
Speaker 1 (23:56):
They're being replaced with flex rooms that serve multiple role
roles like an office or a bedroom. And I would
imagine young families like a playroom too. Having bought a
number of homes, the biggest waste of space, in my opinion,
is the dining room. I am one hundred percent behind
this movement. I also will tell you that I wish
(24:18):
I had sat down and ate more meals with my family,
But I grew up like you did, Kayla. I grew
up where we all sat down. Dinner was at my
parents ate a little early five o'clock every night, five o'clock,
dinner's ready at five, dinner's ready at five. And we
had like a peninsula in the kitchen that we used
to sit around.
Speaker 2 (24:36):
That was it. We sat at the counter in the kitchen.
That's where we had our dinner.
Speaker 1 (24:39):
The idea of a formal dining room just feels like, Okay,
now I just have to buy an overpriced piece of
furniture to put here in case somebody wants to do
Thanksgiving at our house.
Speaker 2 (24:48):
Right, So, most of the time.
Speaker 1 (24:50):
That square footage that is not being used, or if
it is being used, it ends up being the clutter room.
Do you know what I'm talking about this and that
is that that dining room table is sitting out. What
a convenient place to put crap for right now. I'll
just set it down here. I gotta wrap presence. I'll
just put all the stuff right here for right now.
I'll clean it up later. I just got groceries. I'm
(25:11):
gonna put all this stuff down here and I'll just
get this stuff that. I get this other stuff later.
I gotta put the I gotta put the frozen foods awhile.
I'll just get all that other stuff later. And things
start to pile up on that table.
Speaker 2 (25:22):
That's what then? What's the point? What's the purpose. So
I guess some people are saying, Nope, we would.
Speaker 1 (25:28):
Rather have a different room where you know, we can
use it as a flex room, office, bedroom, I'm gonna
say play room. Some of that sort medium price home
nationwide four hundred to fifty nine thousand dollars, wouldn't that
be nice? That is out of reach for roughly seventy
five percent of US households.
Speaker 5 (25:49):
That is.
Speaker 2 (25:51):
What half of our medium home value here in southern California. Yeah.
Speaker 1 (26:00):
Oh, half of the median home valley in southern California
is out of reach for seventy five percent of American households.
Speaker 2 (26:05):
It is why I was asking, what is the ideal salary? Kelly?
Speaker 1 (26:09):
You sent me a couple of these talkbacks? Which one
is the one that's about the salary? Are they both
well on?
Speaker 8 (26:16):
One's about salary, the other one's kind of about saving
in old age.
Speaker 2 (26:20):
Oh, okay, let me see. I'll just I'll just whip
through them.
Speaker 1 (26:23):
I have listened to these, so if there's Sam standby,
if there's a I haven't checked these to see if this.
Speaker 2 (26:28):
All right.
Speaker 5 (26:29):
Tar Iff's good inflation good?
Speaker 2 (26:31):
Oh, tar iff's good inflation good.
Speaker 5 (26:33):
Tar Iff's good inflation good. I'm a saver.
Speaker 10 (26:36):
I like high inflation rates because that means interest rates
will go up, hopefully unless Trump squashes them.
Speaker 5 (26:44):
We'll see. I like four to five on my savings.
I'm old. I need that good stuff, good stuff.
Speaker 10 (26:53):
Chris, high inflation, high interest rates on my long term savings,
CDs man.
Speaker 2 (26:58):
Yeah.
Speaker 1 (26:59):
I guess the thing is somebody's making money, right. Whenever
there's a whenever there's investments, somebody's making money on it.
Every time. I lose winning in the stock market. Somebody
else is making money on it. I guess I don't
like it. I think it's bad for the country generally.
Maybe your individual circumstances are different, though. That's fine way
to find the investments to pay off. Good for you,
(27:20):
perfect salary.
Speaker 2 (27:21):
Perfect self. One three Yeah, one hundred and ninety three thousand,
seven hundred that we had to say, wait about what
was that at the end? Seven hundred? No? No, Kayla,
did you say you listen? Seven hundred? Did you?
Speaker 5 (27:41):
Was he hanking?
Speaker 8 (27:41):
Aluki?
Speaker 2 (27:42):
Oh? I don't know.
Speaker 1 (27:43):
It sounded like a dog rowling At first. There was
a toilet flushing here. Let me just amplify that. We
just bring that audio up here.
Speaker 2 (27:51):
Seven hundred. I have no idea what that was flushing?
You think toilet?
Speaker 9 (27:56):
Are you okay?
Speaker 6 (27:57):
Sir?
Speaker 2 (27:57):
So I do us another talk back? All right? Cool?
What's the last one here? Kayle? Can I play this one?
Speaker 8 (28:05):
Or that was the one I was letting you know?
Speaker 4 (28:06):
Oh?
Speaker 2 (28:07):
That was yeah, exactly, I got you, got you gotcha? Okay?
Speaker 1 (28:10):
Cool? All right, Thank you very much for everybody that
is give us to talk about the one ninety three
salary that the gentleman quoted before he flushed the toilet.
I thought, I think that's pretty good. Hold one ninety three,
seven hundred, he said, right, yeah, I'm gonna write that down.
I'm gonna come back to it here in just a second,
because you're about to find out what the rest of
the country says is the perfect salary.
Speaker 2 (28:30):
Around here?
Speaker 1 (28:30):
This is only perfect if you are living in a box.
That is next Chris Merril, k, I am six forty.
We're live everywhere on the iHeartRadio app DFI for keeping
me posted on everything at some court, but I live
in Colorado. Hellu buck grow all right, Well, his veranda
(28:51):
sounds a lot like a toilet. I mean, I'm not wrong, right.
Speaker 2 (28:56):
No, I thought he was totally on the toilet.
Speaker 8 (28:58):
But I'm glad to clarify, and I'm glad he's okay.
Speaker 1 (29:00):
This is the first fall for those joining us. Seven hundred,
it's tonally. Maybe it's a dog rowling at the very end,
he says, seven hundred, And then here this seven hundred.
Speaker 2 (29:12):
Yeah, there's a dog rowlly.
Speaker 1 (29:14):
Whatever it is, Chris Merrill, If I am six forty,
more stimulating talk, keeping you informed on what's really important,
Like is our listener in Colorado on the veranda or
the kmmode.
Speaker 2 (29:26):
These are the sorts of things that keep you up
at night.
Speaker 1 (29:27):
There's no doubt he did call and he gave us
an answer though, to the question tonight, what is the
perfect salary for living in southern California? He said, perfect
salary one ninety three, Yeah, one hundred and ninety three thousand,
seven hundred.
Speaker 2 (29:44):
Flush, Yeah there real, uh, one ninety three, seven hundred.
Speaker 1 (29:48):
He says, that's that's probably a pretty comfortable life in
southern California.
Speaker 2 (29:54):
Right, I'll take it.
Speaker 1 (29:56):
I mean, well, I'm thinking household income. Now that's perfect salary.
But household income. If your household income is around two
hundred thousand, that means you're in well, no, because your house.
The way I always figure this, when you're trying to
figure out how much house can I afford, take your salary,
multiply it by three, right, and that's a pretty general
(30:18):
ballpark area. The old rule of twenty nine is you're
not supposed to spend more than twenty nine percent of
your of your salary on a mortgage. That's kind of
edged up a little bit, and here in California it's
tough to do less than fifty. Uh, but so I
always figure take your take your household income, multiply that
by three. That's going to give you about your rule
of your rule of twenty nine or a route about
(30:39):
thirty percent, okay, about a third.
Speaker 2 (30:43):
Used to be that way.
Speaker 1 (30:44):
Then mortgage rates have gone up, so now you can
even multiply it by three for easy math. Well, let's
just continue using easy math. That puts you in a
six hundred thousand dollars house. Can you raise a family
in a safe neighborhood and have enough room around here
for six hundred thousand dollars and around the metro Maybe
(31:05):
you're in a more outlying area, Maybe you're you're off
the off the grid a little bit, maybe you're Analogic
valley or something, and where prices might be a little lower.
But if you're station here is in Burbank, I don't
think I can find anything to raise a family in.
I mean, I'm certainly not getting a three bedroom, two
bath with a white picket fence and a two car
garage for six hundred thousand dollars per bank. Certainly not
(31:32):
Pasadena Glendale. And I guess maybe Cayle, is that enough?
Did you raise a family on two hundred thousand dollars.
Good talk, good talk. She's leting here. Oh there you are?
Speaker 8 (31:48):
He ask it again, because you know when you talk,
I tune out.
Speaker 1 (31:53):
Do you know why I like Kayla is the producer
because she is reflective of the entire audience. That's exactly
what it is, Kelly. Could you raise a family on
two hundred thousand? I mean you could, yeah, it could.
Speaker 2 (32:06):
Yeah, But is that really enough to raise the family
the way that you want to?
Speaker 6 (32:10):
Now?
Speaker 2 (32:10):
I'm not talking about moving to Beverly Hills.
Speaker 1 (32:12):
I'm talking about raising a nice middle class family, three bedroom,
two bath, white picket fence, two car, garage, American dream.
You know, dog in the litter box, got in the doghouse,
all those things.
Speaker 8 (32:27):
Yeah, I think I could do that.
Speaker 2 (32:28):
I would just yeah.
Speaker 8 (32:29):
I will have to live a little bit, you know.
I can't do what I like to do now, but
I can make it work.
Speaker 2 (32:34):
Okay, very good.
Speaker 1 (32:36):
According to America, you don't need anywhere close to that.
Speaker 11 (32:40):
Half of Americans say they're not making enough money to
support their lifestyle. A new survey by Talker Research found
US workers say seventy four thousand dollars a year is
the perfect average salary for them what twenty percent say
they will go even higher and ask for a six
figure salary. Researchers say twenty four percent of Americans just
they're not happy with their income. They're not only worried
(33:02):
about pay, though, Workers are also wanting better benefits, work
life balance, and flexibility at work.
Speaker 1 (33:09):
Okay, I want work life balance, I want flexibility at work.
I also want double my salary and okay, but yeah,
we all want that, but we're not gonna get all
of it. I mean, there are a few people who,
for one reason or another either great education and be
able to make it pay off, or they were in
(33:30):
the right place at the right time, they're able to
do that. But generally speaking, you're not gonna get all
those things.
Speaker 11 (33:35):
So in Blair's social second, what will be the ideal
salary to support your lifestyle? Head to our Facebook page, leave.
Speaker 1 (33:42):
A common, Yeah, add to the Facebook page, leave a
common and smash that like button.
Speaker 5 (33:45):
We're all I want to hear.
Speaker 2 (33:46):
What you have to say.
Speaker 1 (33:48):
Kayla, could you raise your family on seventy four thousand
dollars a year?
Speaker 2 (33:53):
I can't even raise myself on that. That's what I'm
saying right.
Speaker 1 (33:56):
I mean, Talker's Research did the study and they survey
Americans around the country, but only one in five wants
six figure incomes. That blows my mind. Only twenty percent
of America says I want to make six figures.
Speaker 2 (34:12):
That's crazy.
Speaker 1 (34:13):
Look, I have made good money in this business in
the past, much better than I'm making now.
Speaker 2 (34:19):
My son is my son is working hard.
Speaker 1 (34:21):
He's a he's a programmer and he's a he's kind
of a security specialist with a I can't tell you
or or i'd have to, I'd end up at a
black site. But he just got a raise and he's
really excited about his raise. And I'm really proud of
my oldest son. He's the only one that doesn't live
with us, so that's that's pretty nice. His goal is
(34:47):
to is to make one hundred thousand dollars, but he
speaks about it like it's the holy grail.
Speaker 2 (34:52):
I think he's making in.
Speaker 1 (34:53):
This range, about the seventy four thousand range. I'm not sure,
maybe not quite that much. But he's doing okay. He's
doing fine. He doesn't have any kids, he's I'm not married, right,
he's got a girlfriend. They just celebrated the three year anniversary.
She's great for him. I really like her. I hope
he doesn't screw it up. And also I'm glad she's
taking one for the team so nobody else has to
be with him. But whatever he seems to have in
his mind that once he gets to one hundred thousand dollars.
Speaker 2 (35:16):
Cake.
Speaker 1 (35:17):
What astonishes me is how many people believe that if
I could only make thirty percent more, forty percent more,
fifty percent more than I'm making right now, then I
would be set. What's that old saying, MO money, more problems.
Speaker 2 (35:31):
That's what they say.
Speaker 1 (35:32):
That's the truth. I told good. I've made good money
in the past. I've made more money than I make right.
Speaker 2 (35:38):
Now, lots more. And I have more.
Speaker 1 (35:42):
Money in my pocket at the end of the week
right now than I did when I was making double
as much because I was spending it like mad I
had more debt, I was putting more money toward credit
card interest and toward car payment interest, in all this
other stuff.
Speaker 2 (35:58):
And it was after I lost my.
Speaker 1 (35:59):
Job that my wife and I went down to one
income and decided we got to get out of debt,
that we suddenly cut everything. We didn't need out of
our lives. I mean, we weren't going out to eat.
We sold the house, we sold a car. We were
both driving beaters, but we said, let's get let's focus
and get out of this debt. I mean we had
(36:20):
like over like seventy grand and credit card debt alone.
That's on top of the cars and the you know,
we sold the house and got rid of the mortgage,
we sold one of the cars, got rid of that
car payment.
Speaker 2 (36:28):
You know.
Speaker 1 (36:30):
But when you're still staring at, you know, seventy grand
in credit card debt, you're thinking, we're never going to
get out of this. And then I lost my job
and so we had to buckle down and do a
lot of hard work and not spend. And suddenly, once
we got out of debt, we never want to go
back into it again.
Speaker 2 (36:46):
Once we got out of debt, it was like, wow,
we got a lot more money. At the end of
the month.
Speaker 1 (36:50):
We have more money now making less money than we
did when we were making more money.
Speaker 2 (36:56):
So just food for thought, maybe even learned from my experience.
Speaker 1 (37:01):
All right, Next Beluzoe Martinez, she wrote once more like Rainman,
she joins us and there's no business like show business. Hey,
if I am six forty live everywhere in the iHeartRadio.
Speaker 2 (37:13):
App, you've been listening to the Bill Handle Show.
Speaker 6 (37:15):
Catch my Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
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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.
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.