December 6, 2025 • 31 mins
Halle Berry accused Gov. Newsom of not being pro woman, and the governor has responded. At LAX, he told a reporter he’d "connected with [Berry’s] manager” and the two of them would “reconcile.” The bill he vetoed was California Assembly Bill 432, the Menopause Care Equity Act, aimed to expand insurance coverage for menopause-related treatments. Netflix is purchasing Warner Bros Discovery and HBO, in a deal worth $82.7 billion. Is this media consolidation a good or bad thing? Will it mean less choice, lower quality and higher cost for us consumers? Will it impact Hollywood’s workforce? LA rent prices are now going down! Is it an issue of supply and demand? Or is it because 2 million illegal immigrants have been deported or left voluntarily in the past 300 days?
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listening to KFI AM six forty on demand, Louke Penrose.
Speaker 2 (00:08):
Good to have you along with us on a Friday.
I'm not sure which is the bigger story. Conway was
saying that Netflix and Warner is a big story. That
is a big story, certainly a big story for those
of us here in Los Angeles, so many people in
the movie business or ancilliary businesses. But I have to
think this ongoing fight between California Governor Gavin Newsom and
(00:33):
Halle Verry is a bigger story because the implications are huge.
Speaker 3 (00:40):
So if you've not if you're not if you haven't
heard it and not up to speed.
Speaker 2 (00:48):
The actress Halle Berry took a shot at Newsom for
not being pro women in legislation, and it must have
gotten under Newsom's skin because he responded, here's here's KTVU
Fox two in San Francisco.
Speaker 4 (01:06):
Tonight, California Governor Gavin Newsom is responding to scathing criticism
from actress Halle Berry, who called out Newsom for refusing
to sign legislation that would have improved health insurance coverage
for menopause related cares.
Speaker 3 (01:19):
Okay, so let me give you a little bit of backstory.
Holly Berry is on a book tour. She was or
she was.
Speaker 2 (01:25):
Speaking about how her industry devalues, in her opinion, menopausal
aged women, and how a lot of a lot of
the industries in our culture treat women in a certain
age category differently. And she'd made good points, and you
(01:45):
can agree to disagree. It's a whole separate issue, but
then stopped, like mid sentence and said, in my own
state of California, my own governor doesn't have any respect
for women.
Speaker 5 (01:56):
Back in my great state of California, my very own governor,
Gavin Newsom has vetoed our Menopause Bill, not one but
two years in a row. But that's okay because he's
not going to be governor forever.
Speaker 3 (02:11):
Ooh, that's a shot.
Speaker 2 (02:13):
Nobody expected that, and everybody kind of looked up because
people just assume Hollywood Democrats they all get along. And
when she said our Menopause Bill, I think few people
knew that she was advocating for legislation.
Speaker 3 (02:33):
I mean, maybe some of the lobbyists up in.
Speaker 2 (02:34):
Sacramento knew that Barry was behind it, but certainly nobody
in showbiz or it just came out of nowhere, and
the passion that she had for it, and the strength
of the statement kind of, I mean it silenced the crowd.
Speaker 3 (02:50):
Listen, do it again.
Speaker 5 (02:51):
Back in my great state of California, my very own governor,
Gavin Newsom has vetoed our menopause bill, not one but
two years in a row.
Speaker 2 (03:04):
Here the silence, I mean it just this is like
the room is silent. And then says, Okay, he's not
going to be governor very long.
Speaker 3 (03:12):
But then she took it another step further.
Speaker 5 (03:15):
And with the way he's overlooked women half the population
by devaluing us in midlife, he probably should not be
our next president either, just saying.
Speaker 2 (03:25):
Just saying devaluing women a midlife. Now, look, there's a
lot of reasons why he may have vetoed that piece
of legislation.
Speaker 3 (03:37):
I've not seen it.
Speaker 2 (03:39):
Everyone's scurrying now to get copies of it and to
find authors and co sponsors to find out what what
what legislation did Newsom get Holly Berry's dander up about.
Speaker 3 (03:51):
But it's but when she says, look, he vetoed legislation.
Speaker 2 (03:54):
We're not happy with it, but we're gonna go back
next year and see if we can't make out a
deal to advance like it wasn't that it's he is
a creep. He hates women over the age of forty.
It was a real shot. And you know how you
can tell it's a real shot when Newsom responds to it,
(04:18):
and he did.
Speaker 3 (04:19):
Here he is at lax. We'll see halle Berry has
some comments. I mean she had.
Speaker 2 (04:24):
Extranges, was connected with her manager, were ability to reconcile,
all right, So it's hard to hear because you know,
there's not a boom mic and they're all running away
from reporter.
Speaker 3 (04:35):
Clearly he's running away from a reporter there.
Speaker 2 (04:37):
He's trying to not and he said, we're talking to
her manager and we're trying to reconcile, and it does
come off odd, right, Holly Berry's professional manager would not
be the person you talk to if you want to
(04:57):
invite her to Sacramento or I don't know, sessions out
So there's nothing that could be done now. But it's
interesting we're trying to reconcile. It's a very political word.
It's an inside politics word, like it's a word that's
well known to lawmakers and legislators because that's what happens
(05:18):
when a piece of legislation is in the Assembly and
then moves to the Senate. Sometimes the Senate makes changes
or amendments that would not pass the Assembly. So there
is a process where they reconcile the differences and the
Senate gives up stuff and the Assembly.
Speaker 3 (05:36):
Gives up the same things happens in Congress. Right.
Speaker 2 (05:38):
The House passes, the bill goes the Senate, Senate makes changes,
and then they have to reconcile.
Speaker 3 (05:44):
So his head is in some kind.
Speaker 2 (05:47):
Of legislative you know world, and he's trying to explain
that we're talking with the with.
Speaker 3 (05:55):
The Berry folks connected with their manager. I just connected
with their manager. That's a range thing to say. Now,
like I've made I've had my people call her.
Speaker 2 (06:03):
We'd love to talk and find out why she thinks this,
because I certainly like women just connected with her manager
were an ability to reconcile.
Speaker 3 (06:12):
As we're reconciled. So and look, I've included in the
budget next year. She didn't know that, oh really reconciled.
Speaker 2 (06:17):
Oh, she didn't know that I've included this what she
wants in the butt Now, he'd certainly vetoed the legislation twice.
So some thing he's included in the budget and she
didn't know it. So Newsom man splains, holly Berry, it
goes on and it goes further here. So how do
you what's your message to women who might have been
offended by the bill or just what do they not
(06:39):
understand about the bill that they should.
Speaker 3 (06:40):
They just understand.
Speaker 1 (06:41):
We already were process so we can't think.
Speaker 3 (06:43):
So did you have a you have talk to our
manager at that leader.
Speaker 2 (06:46):
Yeah, this is a disa. This is a disaster for Newsom.
I'm here to tell you this is a huge problem.
It's not going away. The man splanning was pretty clear
that the problem is holly Berry doesn't know and holle
Berry doesn't understand, and that's not going to go over well.
And this is going to come back to blow up
(07:06):
in his face. And I urge you to pop popcorn.
This is going to be a fun one.
Speaker 1 (07:10):
You're listening to KFI AM six forty on demand.
Speaker 2 (07:15):
Lou Penrose, good to have you along with US Governor
Gavin Newsom certainly aware of the criticism he received by
actress halle Berry and said, she just doesn't know what
she's talking about.
Speaker 3 (07:29):
We're trying to reach out to her manager.
Speaker 2 (07:31):
She doesn't understand, and this is not going to go
over well for him. I follow politics very closely. I
am fascinated with the California governor's race. I cannot believe
that in a state like California that is so blue
and so run by Democrats, that right now a Republican
is leading in the race to replace Gavin Newsom.
Speaker 3 (07:54):
Also, Newsom has like.
Speaker 2 (07:56):
No heir apparent because he's so focused on national POM politics.
And so while I'm a Republican, so I hope a
Republican wins.
Speaker 3 (08:06):
I understand the reality.
Speaker 2 (08:08):
And whoever the Democrat is, that Democrat should win by
sixty three percent of the vote under normal circumstance.
Speaker 3 (08:15):
Even a bad Democrat will win by sixty three percent
of the.
Speaker 2 (08:18):
Vote if they just run anybody a yellow dog. But
these constant problems between Katie Porter, her disaster, and I mean,
he gets it's Eric Swawell, you gotta be kidding.
Speaker 3 (08:38):
He brings nothing. He's like a wet blanket.
Speaker 2 (08:42):
And now you have Newsom, who's not up for reelection
but trying to become a national political figure, now getting
into an argument with an actress over whether or not
he cares about menopause healthcare.
Speaker 3 (08:58):
So what exactly is Holly Berry talking about.
Speaker 2 (09:01):
Well, there was legislation twice vetoed by the governor that
would have increase healthcare in California to menopausal aged women.
Speaker 4 (09:09):
To Night, California Governor Gavin Newsom is responding to scathing
criticism from actress Halle Berry, who called out Newsom for
refusing to sign legislation that would have improved health insurance
coverage for menopause related care.
Speaker 2 (09:23):
Now, I'm not exactly sure what would be what would
be covered.
Speaker 3 (09:27):
I mean, that would be a very.
Speaker 2 (09:28):
Detailed list, and we're learning so much about new things
that can be available to women and all kinds of
hormone replacement therapies.
Speaker 3 (09:37):
I don't know a lot about this. I'm a boy,
but I hear a lot about it.
Speaker 4 (09:41):
That would have improved health insurance coverage for menopause related care.
This year and last year, Newsom vetoed what's called the
Menopause Care Equity Act.
Speaker 2 (09:51):
Yeah, and I don't know that he was aware that
he made an enemy in halle Berry by doing it.
Speaker 5 (09:58):
Back in my great state of my very own, Governor
Gavin Newsom has vetoed our menopause bill not one, but
two years.
Speaker 3 (10:07):
In a row. But that's okay because he's not going
to be governor forever. Oh boy. Newsom says, there's the
reason if.
Speaker 4 (10:16):
That measure would have required some health insurance in California
to cover menopause treatments.
Speaker 3 (10:22):
In a statement last night, Governor.
Speaker 4 (10:24):
Newsom said he vetoed the bills because they would have
unintentionally raised healthcare costs for millions of working women.
Speaker 2 (10:31):
Oh wait a minute, now, see this is where it
gets fun as a fiscal conservative. This is where it
really gets fun. So you're saying that you wish you
could have offered halle Berry's care.
Speaker 3 (10:47):
But it's too expensive. Why.
Speaker 2 (10:50):
Oh, because it would raise the cost of healthcare. Yes,
that's right, that's always the case. I mean, offering medical
to illegals raises the cost.
Speaker 3 (11:01):
But you do that. So that's a very interesting answer.
So look, I don't know.
Speaker 2 (11:08):
Barry could be to the left of Newsom and believes
that everybody should be paying more taxes and the government
should be covering the healthcare everything that anybody over the
age of forty, every woman anything she wants. I don't know,
I mean, or she could be just not happy with him,
but it is certainly a problem, and it's going to
(11:28):
be interesting to see the way he wrestles his way
out of this, because he has wrapped himself into this
persona of being the most pro woman man ever to
be elected governor. And when a high profile woman like
Holly Berry says, look, he's so bad as governor, he
(11:50):
should absolutely not be the president of the United States,
She's not gonna not say that again. She's going to
be asked about that a lot, and he's gonna have
to constantly answer her, and that's going to be an
ongoing fight. So I just I find this little, uh,
this little side show really really fascinating, all right, So
when we come back, and I want to get ron
(12:11):
her on this too, because this Netflix Warner deal, I'm
looking at it as best as I can and trying
to be as objective as possible. And there's all kinds
of issues of anti trust. You know, that's monopolies, and
you know, concentration and the impact that it has on
(12:31):
the industry and the power that Netflix will have on
creativity and all that stuff. And I'm looking at it
all together and trying to decipher if this is good
or bad for me? And I'm reaching just one conclusion,
and that is I already pay Netflix and I have
(12:53):
HBO Plus, So now I want to have to pay
HBO Plus and I'll get it all on Netflix.
Speaker 3 (12:59):
And I'm not exactly sure how that's bad or HBO
Max whatever it's called.
Speaker 2 (13:08):
So now if I mean, I'm sure Netflix is going
to raise their prices, but they're not going to raise
it exactly to what I'm subscribing to now for HBO Max,
isn't it?
Speaker 3 (13:19):
I mean, isn't that That's pretty clear?
Speaker 2 (13:21):
Right? So now I'll be able to watch the White
Lotus on Netflix instead of the other one, or vice versa.
I don't know the consolidation. I've always been told the
consolidation is bad, but it seems like it's working out
pretty well. When YouTube TV and Disney finally got their
act together such that I could watch Monday night football
(13:43):
like I always was, I was happier, not less happy.
I don't know what they worked out, but it worked
out for me. So I'm thinking that this deal is
going to be a good one. And you don't know
what you don't know.
Speaker 3 (13:58):
There's in the wings.
Speaker 2 (14:00):
There is another there there's there's an Android coming for
the Apple right that there, there's there's something coming for Netflix.
There there is, you know, Facebook is coming from MySpace.
It's gonna something else will happen, and subsequently they'll be
a competitor and that will be somehow easy.
Speaker 3 (14:19):
I don't know how it could be easier, but.
Speaker 2 (14:20):
It'll be somehow easier, or there'll be less friction, or
they'll somehow have more product and it'll be cheaper, and
then Netflix will have to step it up. So I
think this, I think we follow this rather than try
and guide it going forward.
Speaker 3 (14:36):
But we'll talk about it.
Speaker 2 (14:36):
And I said, Mark Roanner knows more about Showbus than
I do, and I want to get his take on that.
Speaker 5 (14:41):
UH.
Speaker 3 (14:41):
And we will do that coming up in the UH.
Speaker 1 (14:45):
In the next segment, you're listening to KFI A M
six forty on demand.
Speaker 2 (14:51):
Blue Penrose, Good to have you along with us on
a Friday, talking about this great big Netflix Warner deal
that everyone's talking about. H. They say it's it's going
to change everything, and we're trying to decide if it's
good for you or bad for you.
Speaker 6 (15:05):
Netflix beating out Paramount and Comcast to buy Warner Brothers Discovery,
the streaming giant, agreeing to buy the Hollywood studio known
for blockbusters like the Superman films and the Harry Potter movies,
in a deal worth eighty two point seven billion dollars.
Speaker 2 (15:21):
It does seem like a lot Mark Ronner your first
blush this good or bad?
Speaker 7 (15:26):
Well, I wish I could share your enthusiasm or your
optimism about lower prices. But can you name me any
instance where a merger has resulted in consumers getting an
actual break? Because I can't think of one.
Speaker 2 (15:38):
No, I guess I can't think of one here, But
I will say that when I cut the cord and
stopped getting cable and paying for nine hundred and ninety
nine channels that I don't want and.
Speaker 3 (15:51):
Streamed I was paying, my overall cost was less. Well. Sure, Now,
as soon.
Speaker 2 (15:57):
As I got used to that and I found it
all that show is on another network. We need this,
it started evening out very quickly. But at first I
was like, oh, this is way cheaper, I mean way cheaper.
Speaker 7 (16:08):
Yeah, I was a real early cord cutter myself, and
I don't miss it, and I wouldn't go back to it,
and I don't like paying for all the stuff that
I don't use. But I think that's almost a separate issue.
We know in general, when huge corporations merge, especially media corporations,
it means less choice for the consumer, and it usually
means lower quality and higher costs. They jack up costs
(16:28):
they don't have the competition with the prices, and we
also there are other ways. I'm still actually trying to
do my homework and get up to speed on this,
but I've been reading as much as I can in
the short time since the deal passed. And so one
thing that we always have to worry about, say, is
whether content is slanted by the business interests of the
owners or the political interests of the owners, like it
(16:51):
is with The Washington Post and Jeff Bezos or La
Times with Patrick Sung Chong. No question about that, and
whether or not we can point to civic instances, and
I think I can.
Speaker 3 (17:02):
We shouldn't have to worry about that.
Speaker 7 (17:05):
Other things include Netflix, and I subscribe to Netflix. I
like Netflix right too, but they are notorious for having
super short theatrical runs so they can qualify movies for rewards.
So if you're a theatergoer, you like going to movies. This,
this could really harm the future of actual physical movie theaters.
They're also notorious Netflix is for not putting out physical media.
(17:28):
You can't buy a Blu ray, you can't buy a
DVD of a lot of the things that they run,
and which.
Speaker 3 (17:34):
Is ironic because that's how they started.
Speaker 4 (17:36):
No.
Speaker 2 (17:36):
I mean years and years and years ago when my
wife and I were first married and we actually had
a roommate just to share expenses. Her name was Katie,
and that's what she did. Katie would get these little
white envelopes in the mailbox. I'm like, what does she do?
Who's mailing her a DVD? And that was she would
just watch movies on our laptop and that was her
whole and source of entertainment. That's how that started. They
(17:59):
used to mail you a DVD. That's what Netflix was.
Speaker 7 (18:02):
It was miraculous. I used to love that and I'm
a big movie collector myself. Just just got a load
of Criterion movies in the mail watched Winchester seventy three
last night. Loved it. But Netflix, that's not one of
their priorities. So if you want to own your own thing,
we know, just for instance, not to go too far
down a side road here. We know that when you
buy movies digitally, corporations can take those away from you.
(18:24):
You never really own them yourself.
Speaker 2 (18:27):
Yeah, I've never like, I've always wrestled with that copyright thing.
I've never understood why when you buy something, why it's
not your property.
Speaker 3 (18:35):
I mean, I understand that you.
Speaker 2 (18:37):
Know it's a shared thing and you can't resell it
and things like that, But you're right, it's never fully
your property when it's a digital version.
Speaker 3 (18:44):
Right, So when Netflix, but hold on, Like.
Speaker 2 (18:46):
What you just said is basically what I'm hearing from
almost every source, from the business community, from the creative community.
Speaker 3 (18:53):
It's just analysis.
Speaker 2 (18:55):
The short the first blush analysis mirrors what yours was,
and that is I don't see how lou things are
going to be cheaper. I don't see how things are
going to be better. I see that there is now
an opportunity to really consolidate creativity under one house.
Speaker 3 (19:12):
And that's not good.
Speaker 2 (19:14):
And I'm thinking, all right, well, but the people at
Netflix have to know that that's going to be the criticism,
so they must be prepared to not look like this
miser of a media, a giant now that's going to
only put out uh, you know, a single narrative, or
only put out something that is uh. I mean, they
(19:34):
they're they they're they're inas much as they now become monolithic,
they become.
Speaker 3 (19:39):
Vulnerable to a flank to some other startup company.
Speaker 7 (19:42):
You think they care about how they appear now that
they're that big.
Speaker 2 (19:46):
Yeah, I think they have to, because you know, the
taste change.
Speaker 3 (19:51):
People flip really quickly.
Speaker 2 (19:55):
You know, they will all stream like the the the
bandwidth of stream belongs to to everybody. It's not like
the cable wire that's coming to your house and the
cable company owns that cable wire, Like like the Wi
Fi in your house is free to go, so you
anybody can Wi Fi into your house. I mean anybody,
a streaming company out of Japan can can stream into
(20:15):
your house, and all of a sudden, out of nowhere,
a new startup could become the you know, the biggest,
the biggest flavor of the month. I mean, I think
that's the biggest vulnerability to any of these large corporations.
Now is that out of Nowher'sville? Look, I mean it
happens in broadcasting at a Nowhere'sville. Somebody with a microphone
and the laptop can become the most listened to person,
(20:36):
or the most listened to influencer, or the most listen
to political opinion shaper or pop culture opinion shaper. So
we all have to be aware that we're always auditioning.
And I think even though this is a deal, Netflix
is still auditioning for the viewer's time and money.
Speaker 7 (20:54):
Well, I take your points, but I think that when
we're at the point when five, maybe six companies control
nearly everything we see here and read, we should be
on the lookout when they merge even further.
Speaker 3 (21:08):
Yeah, I mean, I think that's healthy. I really do.
Speaker 2 (21:11):
I think we'll see. Now, what's the next thing they offer.
Speaker 6 (21:16):
Here's more, Netflix saying it expects to maintain Warner Brothers's
current operations and build on its strengths, including theatrical releases
for films. The acquisition will also allow the company to
significantly expand US production capacity. The companies say they expect
the deal to close in the next year to year
and a half. It'll come under regulatory scrutiny. Lily and
(21:39):
Wu Fox News.
Speaker 3 (21:40):
Yeah, they always say that all the winner of any merger.
Speaker 2 (21:44):
The winner of any acquisition, always says we're keeping everybody
and the staff, and also we're going to expand.
Speaker 3 (21:52):
All that we're doing.
Speaker 2 (21:53):
And then that goes for like a year, and then
then the memo comes out that we're discontinuing doing this
entire division and we're gonna make the current workforce work
twice as hard to produce the old material.
Speaker 4 (22:07):
Yeah.
Speaker 7 (22:07):
I think we all in this business know people who
have had that happen to them. I mean, maybe you know,
just from a fan point of view, we can get
Batman kick and Harry Potter's ass.
Speaker 3 (22:15):
I don't know, but there's a lot.
Speaker 7 (22:19):
I don't think this is the kind of thing you
want to rush through because there's just too much at
stake when you consolidate that much influence and power in
an entertainment industry that's already ridiculously consolidated. I mean, look
at the movies and the content that we get right now,
Look at what doesn't get made anymore, and the kind
of things that don't get made anymore.
Speaker 2 (22:39):
And I mean I feel like they're just going through
my comic books when I was a kid and trying
to come up.
Speaker 3 (22:43):
With a new character and a new storyline.
Speaker 2 (22:45):
I mean, we started with Superman now we're down to
like comic book characters that I was not.
Speaker 3 (22:51):
Even familiar with when I was a kid. So they're
really they're searching for material. There's no question.
Speaker 7 (22:55):
I know we had Metamorpho in the last Superman movie,
and I never I never thought that I would that
as an adult.
Speaker 2 (23:02):
Lou Penrose on KFI AM six forty Live Everywhere on
the iHeartRadio app.
Speaker 1 (23:08):
You're listening to KFI AM six forty on demand.
Speaker 2 (23:16):
Blue Penrose, good to be with you on a Friday night,
talking about this great big merger between Netflix and Well,
it's not really a merger.
Speaker 3 (23:25):
They purchased Warner Brothers the whole. I was just there
in Burbank.
Speaker 2 (23:29):
I was at a house farming party of my cousin
and she's like walking distance from those big studios.
Speaker 3 (23:37):
They're building all content things up there.
Speaker 2 (23:39):
Now they need to take down the Warner Brothers sign
and put up a Netflix sign because it all belongs
to Netflix now.
Speaker 6 (23:46):
Netflix beating out Paramount and Comcast to buy Warner Brothers. Discovery,
the streaming giant, agreeing to buy the Hollywood studio known
for blockbusters like the Superman films and the Harry Potter
movies in a deal worth eighty two point seven billion dollars.
Speaker 3 (24:01):
That's a lot of money.
Speaker 2 (24:02):
Question, why do I care what halle Berry thinks, even
though I agree with her?
Speaker 3 (24:07):
But why should we care? Who cares what halle Berry sink?
I agree with you and what they say about Netflix
by maintaining anything is you guys will be home because
of deals like this. That's what I'm saying.
Speaker 2 (24:21):
I hear you, bro Hey, coming up following the news
at eight, rents are coming down?
Speaker 3 (24:28):
Can you believe it? Rents are down year over year and.
Speaker 2 (24:34):
In fact, the average national rent is down over five
percent in the last four years. Now five percent not
a lot, But it's not what the numbers are. It's
the direction the numbers are going. And in Los Angeles
more than fifty percent of our residence.
Speaker 3 (24:53):
Rent, significantly more than fifty percent.
Speaker 2 (24:59):
Actually, now that I'm looking at the latest data, I
always knew it was over fifty. I remember when it
it crossed the fifty percent line and I thought, wow,
it's an expensive way to go. But I know that
more people are just choosing to rent because they're waiting
for conditions to change. So it used to be that
you rented when you left your parents' house. You got
(25:21):
an apartment and roommates and you rented, and then you
got your career going, or you got some savings together
or whatever you were doing. But the goal was not
to be in an apartment for your entire life, unless
you know, you're like Jerry and George and Elaine and Kramer, right,
But that's not the way we live our lives here
in Los Angeles.
Speaker 3 (25:42):
We don't have great, big apartment buildings.
Speaker 2 (25:45):
And the plan is, like, for the longest time, the
plan was to eventually buy what we used to call
a starter house, and then you live in the starter
house until it's too small and you're losing your mind
with all your wife's shoes and all the toys. And
then you buy like house, like the house you grew
up in, and then you pretty much have that house
until the kids are out of the house, and then
(26:07):
you downsize or you move to Arizona.
Speaker 3 (26:11):
Like that's the natural flow of things. And it really
served a number of purposes.
Speaker 2 (26:16):
Number One, living in an apartment was easy for you,
and it was supposed to be cheaper for you so
that you could save money for a down payment. And
then you go into a starter house and then you
vacate the apartment, and that's good. That creates vacancies, that
stabilizes the rent so that the next generation of people
(26:36):
to leave their parents' house have an apartment to move
into in and around the same area of town or
same part of the city or same city. And then
when you have children or you just accumulate too much
stuff and you're starting to lose your mind because there's
nowhere to put anything, you say, we need a bigger house,
(26:57):
and you go buy a bigger house, and then you
vacate the starter home. So now that opens up a
house for somebody that just you know, you and your
wife want to move into and the dog right, And
then once the kids are out of the house, you
sell the house because why do you have a three bedroom,
(27:17):
four bedroom house with a big backyard in a swing
set and everybody's in college. So you sell the house
and get yourself a condo, you know, in senior world,
or like near a golf course or near the ocean
or wherever you want to live.
Speaker 3 (27:31):
But you buy it where there's a.
Speaker 2 (27:33):
Maintenance guy that comes and does all the stuff and
you can go and play play cards like that was
the trajectory of life, and that's what everybody kind of
expected and like it worked every time you moved up
and out, so you opened up an opportunity for somebody
to move up and in to what you used to
live in. Now more than every more than half, and
(27:56):
it's going toward total. Everybody is renting like forever, and
that changes the conditions and puts all kinds of pressures
in different places. And the rents have been very, very
high in Los Angeles and they've just been going.
Speaker 3 (28:10):
Up and up and up.
Speaker 2 (28:11):
So when we have news that the rents are coming down,
everybody wants to know why. It's certainly not because they're
building a gazillion apartment buildings or a gazillion houses. We
can't get one house built where there were houses in
the Palace days. So this is a difficult area of
the country because of environmental laws and people that are
(28:36):
in power that hate houses, or they hate the fact
that you have driveways. There are people in Sacramento that
don't want you to have a backyard. They think that's
terrible that you have a backyard. That's so you know, entitled.
I mean that you wouldn't believe the different philosophies up
in Sacramento that circle eron, and not just Sacramento, also
(28:58):
at your county boarder supervisors and some of the cities
that circle around. People like having a normal house, so
they're pressures and where those pressures.
Speaker 3 (29:09):
Meet, nothing happens.
Speaker 2 (29:11):
So nothing has happened, so there hasn't been a huge
increase in supply. So the only other part of that
equation is demand. And people are leaving Southern California for sure,
but they've been leaving Southern California for a while.
Speaker 3 (29:27):
And we've not seen rents come down so quickly.
Speaker 2 (29:31):
So the only other variable there is.
Speaker 4 (29:35):
Is this.
Speaker 2 (29:36):
Two million illegal aliens have been deported in just over
three hundred days.
Speaker 3 (29:45):
Two million. Now.
Speaker 2 (29:47):
Some of them have been thrown in the back of
the ice van and some of them said, wow, you
know what this president is serious.
Speaker 3 (29:54):
I'm going to pack my crap. I'm going to have
my sister in law sell the truck.
Speaker 2 (29:57):
I'm going to take that deal that they're talking about,
uh free plane ticket and a thousand dollars cash, and
I'm gonna head back home to go out Amala City,
and I'm gonna wait. I'm gonna wait it out until
the smoke clears or until President Trump is gone. I'm
just out of here, like hundreds of thousands foreigners that
were legally here in Los Angeles to say they made
(30:20):
the decision that they're done.
Speaker 3 (30:23):
They're headed for San Salvador.
Speaker 2 (30:25):
And by the way, it's one thousand dollars US dollars
that goes far in Guatemala, so a lot of them
have done that. And that's really the only remaining variable
is that President Trump's illegal immigration crackdown is causing everybody
to leave, and they are vacating market rate housing and
(30:50):
that's causing vacancies, and where there are vacancies, you see
rents coming down. So this is a good thing and
we'll talk about it coming up. Following the news at
eight o'cli. I'm looking at the monitors here. This thing
in San Diego is still going on. It was going
(31:10):
on at twelve thirty this afternoon. There is a person
that is on the overpass and del Mar and they
the hostage negotiate, well not hostage, the suicide negotiators, I guess,
have been talking to him since twelve thirty and they
literally have not moved traffic through there. And this is
(31:31):
still going on and now it's dark and I don't
know how they're going to get this guy down, but
it is time to get out the great Big trampoline.
Lou Penrose on KFI AM six forty Live everywhere, on
the iHeartRadio
Speaker 1 (31:43):
App, KFI AM six forty on demand
You're listening to KFI AM six forty on demand, Louke Penrose.
Speaker 2 (00:08):
Good to have you along with us on a Friday.
I'm not sure which is the bigger story. Conway was
saying that Netflix and Warner is a big story. That
is a big story, certainly a big story for those
of us here in Los Angeles, so many people in
the movie business or ancilliary businesses. But I have to
think this ongoing fight between California Governor Gavin Newsom and
(00:33):
Halle Verry is a bigger story because the implications are huge.
Speaker 3 (00:40):
So if you've not if you're not if you haven't
heard it and not up to speed.
Speaker 2 (00:48):
The actress Halle Berry took a shot at Newsom for
not being pro women in legislation, and it must have
gotten under Newsom's skin because he responded, here's here's KTVU
Fox two in San Francisco.
Speaker 4 (01:06):
Tonight, California Governor Gavin Newsom is responding to scathing criticism
from actress Halle Berry, who called out Newsom for refusing
to sign legislation that would have improved health insurance coverage
for menopause related cares.
Speaker 3 (01:19):
Okay, so let me give you a little bit of backstory.
Holly Berry is on a book tour. She was or
she was.
Speaker 2 (01:25):
Speaking about how her industry devalues, in her opinion, menopausal
aged women, and how a lot of a lot of
the industries in our culture treat women in a certain
age category differently. And she'd made good points, and you
(01:45):
can agree to disagree. It's a whole separate issue, but
then stopped, like mid sentence and said, in my own
state of California, my own governor doesn't have any respect
for women.
Speaker 5 (01:56):
Back in my great state of California, my very own governor,
Gavin Newsom has vetoed our Menopause Bill, not one but
two years in a row. But that's okay because he's
not going to be governor forever.
Speaker 3 (02:11):
Ooh, that's a shot.
Speaker 2 (02:13):
Nobody expected that, and everybody kind of looked up because
people just assume Hollywood Democrats they all get along. And
when she said our Menopause Bill, I think few people
knew that she was advocating for legislation.
Speaker 3 (02:33):
I mean, maybe some of the lobbyists up in.
Speaker 2 (02:34):
Sacramento knew that Barry was behind it, but certainly nobody
in showbiz or it just came out of nowhere, and
the passion that she had for it, and the strength
of the statement kind of, I mean it silenced the crowd.
Speaker 3 (02:50):
Listen, do it again.
Speaker 5 (02:51):
Back in my great state of California, my very own governor,
Gavin Newsom has vetoed our menopause bill, not one but
two years in a row.
Speaker 2 (03:04):
Here the silence, I mean it just this is like
the room is silent. And then says, Okay, he's not
going to be governor very long.
Speaker 3 (03:12):
But then she took it another step further.
Speaker 5 (03:15):
And with the way he's overlooked women half the population
by devaluing us in midlife, he probably should not be
our next president either, just saying.
Speaker 2 (03:25):
Just saying devaluing women a midlife. Now, look, there's a
lot of reasons why he may have vetoed that piece
of legislation.
Speaker 3 (03:37):
I've not seen it.
Speaker 2 (03:39):
Everyone's scurrying now to get copies of it and to
find authors and co sponsors to find out what what
what legislation did Newsom get Holly Berry's dander up about.
Speaker 3 (03:51):
But it's but when she says, look, he vetoed legislation.
Speaker 2 (03:54):
We're not happy with it, but we're gonna go back
next year and see if we can't make out a
deal to advance like it wasn't that it's he is
a creep. He hates women over the age of forty.
It was a real shot. And you know how you
can tell it's a real shot when Newsom responds to it,
(04:18):
and he did.
Speaker 3 (04:19):
Here he is at lax. We'll see halle Berry has
some comments. I mean she had.
Speaker 2 (04:24):
Extranges, was connected with her manager, were ability to reconcile,
all right, So it's hard to hear because you know,
there's not a boom mic and they're all running away
from reporter.
Speaker 3 (04:35):
Clearly he's running away from a reporter there.
Speaker 2 (04:37):
He's trying to not and he said, we're talking to
her manager and we're trying to reconcile, and it does
come off odd, right, Holly Berry's professional manager would not
be the person you talk to if you want to
(04:57):
invite her to Sacramento or I don't know, sessions out
So there's nothing that could be done now. But it's
interesting we're trying to reconcile. It's a very political word.
It's an inside politics word, like it's a word that's
well known to lawmakers and legislators because that's what happens
(05:18):
when a piece of legislation is in the Assembly and
then moves to the Senate. Sometimes the Senate makes changes
or amendments that would not pass the Assembly. So there
is a process where they reconcile the differences and the
Senate gives up stuff and the Assembly.
Speaker 3 (05:36):
Gives up the same things happens in Congress. Right.
Speaker 2 (05:38):
The House passes, the bill goes the Senate, Senate makes changes,
and then they have to reconcile.
Speaker 3 (05:44):
So his head is in some kind.
Speaker 2 (05:47):
Of legislative you know world, and he's trying to explain
that we're talking with the with.
Speaker 3 (05:55):
The Berry folks connected with their manager. I just connected
with their manager. That's a range thing to say. Now,
like I've made I've had my people call her.
Speaker 2 (06:03):
We'd love to talk and find out why she thinks this,
because I certainly like women just connected with her manager
were an ability to reconcile.
Speaker 3 (06:12):
As we're reconciled. So and look, I've included in the
budget next year. She didn't know that, oh really reconciled.
Speaker 2 (06:17):
Oh, she didn't know that I've included this what she
wants in the butt Now, he'd certainly vetoed the legislation twice.
So some thing he's included in the budget and she
didn't know it. So Newsom man splains, holly Berry, it
goes on and it goes further here. So how do
you what's your message to women who might have been
offended by the bill or just what do they not
(06:39):
understand about the bill that they should.
Speaker 3 (06:40):
They just understand.
Speaker 1 (06:41):
We already were process so we can't think.
Speaker 3 (06:43):
So did you have a you have talk to our
manager at that leader.
Speaker 2 (06:46):
Yeah, this is a disa. This is a disaster for Newsom.
I'm here to tell you this is a huge problem.
It's not going away. The man splanning was pretty clear
that the problem is holly Berry doesn't know and holle
Berry doesn't understand, and that's not going to go over well.
And this is going to come back to blow up
(07:06):
in his face. And I urge you to pop popcorn.
This is going to be a fun one.
Speaker 1 (07:10):
You're listening to KFI AM six forty on demand.
Speaker 2 (07:15):
Lou Penrose, good to have you along with US Governor
Gavin Newsom certainly aware of the criticism he received by
actress halle Berry and said, she just doesn't know what
she's talking about.
Speaker 3 (07:29):
We're trying to reach out to her manager.
Speaker 2 (07:31):
She doesn't understand, and this is not going to go
over well for him. I follow politics very closely. I
am fascinated with the California governor's race. I cannot believe
that in a state like California that is so blue
and so run by Democrats, that right now a Republican
is leading in the race to replace Gavin Newsom.
Speaker 3 (07:54):
Also, Newsom has like.
Speaker 2 (07:56):
No heir apparent because he's so focused on national POM politics.
And so while I'm a Republican, so I hope a
Republican wins.
Speaker 3 (08:06):
I understand the reality.
Speaker 2 (08:08):
And whoever the Democrat is, that Democrat should win by
sixty three percent of the vote under normal circumstance.
Speaker 3 (08:15):
Even a bad Democrat will win by sixty three percent
of the.
Speaker 2 (08:18):
Vote if they just run anybody a yellow dog. But
these constant problems between Katie Porter, her disaster, and I mean,
he gets it's Eric Swawell, you gotta be kidding.
Speaker 3 (08:38):
He brings nothing. He's like a wet blanket.
Speaker 2 (08:42):
And now you have Newsom, who's not up for reelection
but trying to become a national political figure, now getting
into an argument with an actress over whether or not
he cares about menopause healthcare.
Speaker 3 (08:58):
So what exactly is Holly Berry talking about.
Speaker 2 (09:01):
Well, there was legislation twice vetoed by the governor that
would have increase healthcare in California to menopausal aged women.
Speaker 4 (09:09):
To Night, California Governor Gavin Newsom is responding to scathing
criticism from actress Halle Berry, who called out Newsom for
refusing to sign legislation that would have improved health insurance
coverage for menopause related care.
Speaker 2 (09:23):
Now, I'm not exactly sure what would be what would
be covered.
Speaker 3 (09:27):
I mean, that would be a very.
Speaker 2 (09:28):
Detailed list, and we're learning so much about new things
that can be available to women and all kinds of
hormone replacement therapies.
Speaker 3 (09:37):
I don't know a lot about this. I'm a boy,
but I hear a lot about it.
Speaker 4 (09:41):
That would have improved health insurance coverage for menopause related care.
This year and last year, Newsom vetoed what's called the
Menopause Care Equity Act.
Speaker 2 (09:51):
Yeah, and I don't know that he was aware that
he made an enemy in halle Berry by doing it.
Speaker 5 (09:58):
Back in my great state of my very own, Governor
Gavin Newsom has vetoed our menopause bill not one, but
two years.
Speaker 3 (10:07):
In a row. But that's okay because he's not going
to be governor forever. Oh boy. Newsom says, there's the
reason if.
Speaker 4 (10:16):
That measure would have required some health insurance in California
to cover menopause treatments.
Speaker 3 (10:22):
In a statement last night, Governor.
Speaker 4 (10:24):
Newsom said he vetoed the bills because they would have
unintentionally raised healthcare costs for millions of working women.
Speaker 2 (10:31):
Oh wait a minute, now, see this is where it
gets fun as a fiscal conservative. This is where it
really gets fun. So you're saying that you wish you
could have offered halle Berry's care.
Speaker 3 (10:47):
But it's too expensive. Why.
Speaker 2 (10:50):
Oh, because it would raise the cost of healthcare. Yes,
that's right, that's always the case. I mean, offering medical
to illegals raises the cost.
Speaker 3 (11:01):
But you do that. So that's a very interesting answer.
So look, I don't know.
Speaker 2 (11:08):
Barry could be to the left of Newsom and believes
that everybody should be paying more taxes and the government
should be covering the healthcare everything that anybody over the
age of forty, every woman anything she wants. I don't know,
I mean, or she could be just not happy with him,
but it is certainly a problem, and it's going to
(11:28):
be interesting to see the way he wrestles his way
out of this, because he has wrapped himself into this
persona of being the most pro woman man ever to
be elected governor. And when a high profile woman like
Holly Berry says, look, he's so bad as governor, he
(11:50):
should absolutely not be the president of the United States,
She's not gonna not say that again. She's going to
be asked about that a lot, and he's gonna have
to constantly answer her, and that's going to be an
ongoing fight. So I just I find this little, uh,
this little side show really really fascinating, all right, So
when we come back, and I want to get ron
(12:11):
her on this too, because this Netflix Warner deal, I'm
looking at it as best as I can and trying
to be as objective as possible. And there's all kinds
of issues of anti trust. You know, that's monopolies, and
you know, concentration and the impact that it has on
(12:31):
the industry and the power that Netflix will have on
creativity and all that stuff. And I'm looking at it
all together and trying to decipher if this is good
or bad for me? And I'm reaching just one conclusion,
and that is I already pay Netflix and I have
(12:53):
HBO Plus, So now I want to have to pay
HBO Plus and I'll get it all on Netflix.
Speaker 3 (12:59):
And I'm not exactly sure how that's bad or HBO
Max whatever it's called.
Speaker 2 (13:08):
So now if I mean, I'm sure Netflix is going
to raise their prices, but they're not going to raise
it exactly to what I'm subscribing to now for HBO Max,
isn't it?
Speaker 3 (13:19):
I mean, isn't that That's pretty clear?
Speaker 2 (13:21):
Right? So now I'll be able to watch the White
Lotus on Netflix instead of the other one, or vice versa.
I don't know the consolidation. I've always been told the
consolidation is bad, but it seems like it's working out
pretty well. When YouTube TV and Disney finally got their
act together such that I could watch Monday night football
(13:43):
like I always was, I was happier, not less happy.
I don't know what they worked out, but it worked
out for me. So I'm thinking that this deal is
going to be a good one. And you don't know
what you don't know.
Speaker 3 (13:58):
There's in the wings.
Speaker 2 (14:00):
There is another there there's there's an Android coming for
the Apple right that there, there's there's something coming for Netflix.
There there is, you know, Facebook is coming from MySpace.
It's gonna something else will happen, and subsequently they'll be
a competitor and that will be somehow easy.
Speaker 3 (14:19):
I don't know how it could be easier, but.
Speaker 2 (14:20):
It'll be somehow easier, or there'll be less friction, or
they'll somehow have more product and it'll be cheaper, and
then Netflix will have to step it up. So I
think this, I think we follow this rather than try
and guide it going forward.
Speaker 3 (14:36):
But we'll talk about it.
Speaker 2 (14:36):
And I said, Mark Roanner knows more about Showbus than
I do, and I want to get his take on that.
Speaker 5 (14:41):
UH.
Speaker 3 (14:41):
And we will do that coming up in the UH.
Speaker 1 (14:45):
In the next segment, you're listening to KFI A M
six forty on demand.
Speaker 2 (14:51):
Blue Penrose, Good to have you along with us on
a Friday, talking about this great big Netflix Warner deal
that everyone's talking about. H. They say it's it's going
to change everything, and we're trying to decide if it's
good for you or bad for you.
Speaker 6 (15:05):
Netflix beating out Paramount and Comcast to buy Warner Brothers Discovery,
the streaming giant, agreeing to buy the Hollywood studio known
for blockbusters like the Superman films and the Harry Potter movies,
in a deal worth eighty two point seven billion dollars.
Speaker 2 (15:21):
It does seem like a lot Mark Ronner your first
blush this good or bad?
Speaker 7 (15:26):
Well, I wish I could share your enthusiasm or your
optimism about lower prices. But can you name me any
instance where a merger has resulted in consumers getting an
actual break? Because I can't think of one.
Speaker 2 (15:38):
No, I guess I can't think of one here, But
I will say that when I cut the cord and
stopped getting cable and paying for nine hundred and ninety
nine channels that I don't want and.
Speaker 3 (15:51):
Streamed I was paying, my overall cost was less. Well. Sure, Now,
as soon.
Speaker 2 (15:57):
As I got used to that and I found it
all that show is on another network. We need this,
it started evening out very quickly. But at first I
was like, oh, this is way cheaper, I mean way cheaper.
Speaker 7 (16:08):
Yeah, I was a real early cord cutter myself, and
I don't miss it, and I wouldn't go back to it,
and I don't like paying for all the stuff that
I don't use. But I think that's almost a separate issue.
We know in general, when huge corporations merge, especially media corporations,
it means less choice for the consumer, and it usually
means lower quality and higher costs. They jack up costs
(16:28):
they don't have the competition with the prices, and we
also there are other ways. I'm still actually trying to
do my homework and get up to speed on this,
but I've been reading as much as I can in
the short time since the deal passed. And so one
thing that we always have to worry about, say, is
whether content is slanted by the business interests of the
owners or the political interests of the owners, like it
(16:51):
is with The Washington Post and Jeff Bezos or La
Times with Patrick Sung Chong. No question about that, and
whether or not we can point to civic instances, and
I think I can.
Speaker 3 (17:02):
We shouldn't have to worry about that.
Speaker 7 (17:05):
Other things include Netflix, and I subscribe to Netflix. I
like Netflix right too, but they are notorious for having
super short theatrical runs so they can qualify movies for rewards.
So if you're a theatergoer, you like going to movies. This,
this could really harm the future of actual physical movie theaters.
They're also notorious Netflix is for not putting out physical media.
(17:28):
You can't buy a Blu ray, you can't buy a
DVD of a lot of the things that they run,
and which.
Speaker 3 (17:34):
Is ironic because that's how they started.
Speaker 4 (17:36):
No.
Speaker 2 (17:36):
I mean years and years and years ago when my
wife and I were first married and we actually had
a roommate just to share expenses. Her name was Katie,
and that's what she did. Katie would get these little
white envelopes in the mailbox. I'm like, what does she do?
Who's mailing her a DVD? And that was she would
just watch movies on our laptop and that was her
whole and source of entertainment. That's how that started. They
(17:59):
used to mail you a DVD. That's what Netflix was.
Speaker 7 (18:02):
It was miraculous. I used to love that and I'm
a big movie collector myself. Just just got a load
of Criterion movies in the mail watched Winchester seventy three
last night. Loved it. But Netflix, that's not one of
their priorities. So if you want to own your own thing,
we know, just for instance, not to go too far
down a side road here. We know that when you
buy movies digitally, corporations can take those away from you.
(18:24):
You never really own them yourself.
Speaker 2 (18:27):
Yeah, I've never like, I've always wrestled with that copyright thing.
I've never understood why when you buy something, why it's
not your property.
Speaker 3 (18:35):
I mean, I understand that you.
Speaker 2 (18:37):
Know it's a shared thing and you can't resell it
and things like that, But you're right, it's never fully
your property when it's a digital version.
Speaker 3 (18:44):
Right, So when Netflix, but hold on, Like.
Speaker 2 (18:46):
What you just said is basically what I'm hearing from
almost every source, from the business community, from the creative community.
Speaker 3 (18:53):
It's just analysis.
Speaker 2 (18:55):
The short the first blush analysis mirrors what yours was,
and that is I don't see how lou things are
going to be cheaper. I don't see how things are
going to be better. I see that there is now
an opportunity to really consolidate creativity under one house.
Speaker 3 (19:12):
And that's not good.
Speaker 2 (19:14):
And I'm thinking, all right, well, but the people at
Netflix have to know that that's going to be the criticism,
so they must be prepared to not look like this
miser of a media, a giant now that's going to
only put out uh, you know, a single narrative, or
only put out something that is uh. I mean, they
(19:34):
they're they they're they're inas much as they now become monolithic,
they become.
Speaker 3 (19:39):
Vulnerable to a flank to some other startup company.
Speaker 7 (19:42):
You think they care about how they appear now that
they're that big.
Speaker 2 (19:46):
Yeah, I think they have to, because you know, the
taste change.
Speaker 3 (19:51):
People flip really quickly.
Speaker 2 (19:55):
You know, they will all stream like the the the
bandwidth of stream belongs to to everybody. It's not like
the cable wire that's coming to your house and the
cable company owns that cable wire, Like like the Wi
Fi in your house is free to go, so you
anybody can Wi Fi into your house. I mean anybody,
a streaming company out of Japan can can stream into
(20:15):
your house, and all of a sudden, out of nowhere,
a new startup could become the you know, the biggest,
the biggest flavor of the month. I mean, I think
that's the biggest vulnerability to any of these large corporations.
Now is that out of Nowher'sville? Look, I mean it
happens in broadcasting at a Nowhere'sville. Somebody with a microphone
and the laptop can become the most listened to person,
(20:36):
or the most listened to influencer, or the most listen
to political opinion shaper or pop culture opinion shaper. So
we all have to be aware that we're always auditioning.
And I think even though this is a deal, Netflix
is still auditioning for the viewer's time and money.
Speaker 7 (20:54):
Well, I take your points, but I think that when
we're at the point when five, maybe six companies control
nearly everything we see here and read, we should be
on the lookout when they merge even further.
Speaker 3 (21:08):
Yeah, I mean, I think that's healthy. I really do.
Speaker 2 (21:11):
I think we'll see. Now, what's the next thing they offer.
Speaker 6 (21:16):
Here's more, Netflix saying it expects to maintain Warner Brothers's
current operations and build on its strengths, including theatrical releases
for films. The acquisition will also allow the company to
significantly expand US production capacity. The companies say they expect
the deal to close in the next year to year
and a half. It'll come under regulatory scrutiny. Lily and
(21:39):
Wu Fox News.
Speaker 3 (21:40):
Yeah, they always say that all the winner of any merger.
Speaker 2 (21:44):
The winner of any acquisition, always says we're keeping everybody
and the staff, and also we're going to expand.
Speaker 3 (21:52):
All that we're doing.
Speaker 2 (21:53):
And then that goes for like a year, and then
then the memo comes out that we're discontinuing doing this
entire division and we're gonna make the current workforce work
twice as hard to produce the old material.
Speaker 4 (22:07):
Yeah.
Speaker 7 (22:07):
I think we all in this business know people who
have had that happen to them. I mean, maybe you know,
just from a fan point of view, we can get
Batman kick and Harry Potter's ass.
Speaker 3 (22:15):
I don't know, but there's a lot.
Speaker 7 (22:19):
I don't think this is the kind of thing you
want to rush through because there's just too much at
stake when you consolidate that much influence and power in
an entertainment industry that's already ridiculously consolidated. I mean, look
at the movies and the content that we get right now,
Look at what doesn't get made anymore, and the kind
of things that don't get made anymore.
Speaker 2 (22:39):
And I mean I feel like they're just going through
my comic books when I was a kid and trying
to come up.
Speaker 3 (22:43):
With a new character and a new storyline.
Speaker 2 (22:45):
I mean, we started with Superman now we're down to
like comic book characters that I was not.
Speaker 3 (22:51):
Even familiar with when I was a kid. So they're
really they're searching for material. There's no question.
Speaker 7 (22:55):
I know we had Metamorpho in the last Superman movie,
and I never I never thought that I would that
as an adult.
Speaker 2 (23:02):
Lou Penrose on KFI AM six forty Live Everywhere on
the iHeartRadio app.
Speaker 1 (23:08):
You're listening to KFI AM six forty on demand.
Speaker 2 (23:16):
Blue Penrose, good to be with you on a Friday night,
talking about this great big merger between Netflix and Well,
it's not really a merger.
Speaker 3 (23:25):
They purchased Warner Brothers the whole. I was just there
in Burbank.
Speaker 2 (23:29):
I was at a house farming party of my cousin
and she's like walking distance from those big studios.
Speaker 3 (23:37):
They're building all content things up there.
Speaker 2 (23:39):
Now they need to take down the Warner Brothers sign
and put up a Netflix sign because it all belongs
to Netflix now.
Speaker 6 (23:46):
Netflix beating out Paramount and Comcast to buy Warner Brothers. Discovery,
the streaming giant, agreeing to buy the Hollywood studio known
for blockbusters like the Superman films and the Harry Potter
movies in a deal worth eighty two point seven billion dollars.
Speaker 3 (24:01):
That's a lot of money.
Speaker 2 (24:02):
Question, why do I care what halle Berry thinks, even
though I agree with her?
Speaker 3 (24:07):
But why should we care? Who cares what halle Berry sink?
I agree with you and what they say about Netflix
by maintaining anything is you guys will be home because
of deals like this. That's what I'm saying.
Speaker 2 (24:21):
I hear you, bro Hey, coming up following the news
at eight, rents are coming down?
Speaker 3 (24:28):
Can you believe it? Rents are down year over year and.
Speaker 2 (24:34):
In fact, the average national rent is down over five
percent in the last four years. Now five percent not
a lot, But it's not what the numbers are. It's
the direction the numbers are going. And in Los Angeles
more than fifty percent of our residence.
Speaker 3 (24:53):
Rent, significantly more than fifty percent.
Speaker 2 (24:59):
Actually, now that I'm looking at the latest data, I
always knew it was over fifty. I remember when it
it crossed the fifty percent line and I thought, wow,
it's an expensive way to go. But I know that
more people are just choosing to rent because they're waiting
for conditions to change. So it used to be that
you rented when you left your parents' house. You got
(25:21):
an apartment and roommates and you rented, and then you
got your career going, or you got some savings together
or whatever you were doing. But the goal was not
to be in an apartment for your entire life, unless
you know, you're like Jerry and George and Elaine and Kramer, right,
But that's not the way we live our lives here
in Los Angeles.
Speaker 3 (25:42):
We don't have great, big apartment buildings.
Speaker 2 (25:45):
And the plan is, like, for the longest time, the
plan was to eventually buy what we used to call
a starter house, and then you live in the starter
house until it's too small and you're losing your mind
with all your wife's shoes and all the toys. And
then you buy like house, like the house you grew
up in, and then you pretty much have that house
until the kids are out of the house, and then
(26:07):
you downsize or you move to Arizona.
Speaker 3 (26:11):
Like that's the natural flow of things. And it really
served a number of purposes.
Speaker 2 (26:16):
Number One, living in an apartment was easy for you,
and it was supposed to be cheaper for you so
that you could save money for a down payment. And
then you go into a starter house and then you
vacate the apartment, and that's good. That creates vacancies, that
stabilizes the rent so that the next generation of people
(26:36):
to leave their parents' house have an apartment to move
into in and around the same area of town or
same part of the city or same city. And then
when you have children or you just accumulate too much
stuff and you're starting to lose your mind because there's
nowhere to put anything, you say, we need a bigger house,
(26:57):
and you go buy a bigger house, and then you
vacate the starter home. So now that opens up a
house for somebody that just you know, you and your
wife want to move into and the dog right, And
then once the kids are out of the house, you
sell the house because why do you have a three bedroom,
(27:17):
four bedroom house with a big backyard in a swing
set and everybody's in college. So you sell the house
and get yourself a condo, you know, in senior world,
or like near a golf course or near the ocean
or wherever you want to live.
Speaker 3 (27:31):
But you buy it where there's a.
Speaker 2 (27:33):
Maintenance guy that comes and does all the stuff and
you can go and play play cards like that was
the trajectory of life, and that's what everybody kind of
expected and like it worked every time you moved up
and out, so you opened up an opportunity for somebody
to move up and in to what you used to
live in. Now more than every more than half, and
(27:56):
it's going toward total. Everybody is renting like forever, and
that changes the conditions and puts all kinds of pressures
in different places. And the rents have been very, very
high in Los Angeles and they've just been going.
Speaker 3 (28:10):
Up and up and up.
Speaker 2 (28:11):
So when we have news that the rents are coming down,
everybody wants to know why. It's certainly not because they're
building a gazillion apartment buildings or a gazillion houses. We
can't get one house built where there were houses in
the Palace days. So this is a difficult area of
the country because of environmental laws and people that are
(28:36):
in power that hate houses, or they hate the fact
that you have driveways. There are people in Sacramento that
don't want you to have a backyard. They think that's
terrible that you have a backyard. That's so you know, entitled.
I mean that you wouldn't believe the different philosophies up
in Sacramento that circle eron, and not just Sacramento, also
(28:58):
at your county boarder supervisors and some of the cities
that circle around. People like having a normal house, so
they're pressures and where those pressures.
Speaker 3 (29:09):
Meet, nothing happens.
Speaker 2 (29:11):
So nothing has happened, so there hasn't been a huge
increase in supply. So the only other part of that
equation is demand. And people are leaving Southern California for sure,
but they've been leaving Southern California for a while.
Speaker 3 (29:27):
And we've not seen rents come down so quickly.
Speaker 2 (29:31):
So the only other variable there is.
Speaker 4 (29:35):
Is this.
Speaker 2 (29:36):
Two million illegal aliens have been deported in just over
three hundred days.
Speaker 3 (29:45):
Two million. Now.
Speaker 2 (29:47):
Some of them have been thrown in the back of
the ice van and some of them said, wow, you
know what this president is serious.
Speaker 3 (29:54):
I'm going to pack my crap. I'm going to have
my sister in law sell the truck.
Speaker 2 (29:57):
I'm going to take that deal that they're talking about,
uh free plane ticket and a thousand dollars cash, and
I'm gonna head back home to go out Amala City,
and I'm gonna wait. I'm gonna wait it out until
the smoke clears or until President Trump is gone. I'm
just out of here, like hundreds of thousands foreigners that
were legally here in Los Angeles to say they made
(30:20):
the decision that they're done.
Speaker 3 (30:23):
They're headed for San Salvador.
Speaker 2 (30:25):
And by the way, it's one thousand dollars US dollars
that goes far in Guatemala, so a lot of them
have done that. And that's really the only remaining variable
is that President Trump's illegal immigration crackdown is causing everybody
to leave, and they are vacating market rate housing and
(30:50):
that's causing vacancies, and where there are vacancies, you see
rents coming down. So this is a good thing and
we'll talk about it coming up. Following the news at
eight o'cli. I'm looking at the monitors here. This thing
in San Diego is still going on. It was going
(31:10):
on at twelve thirty this afternoon. There is a person
that is on the overpass and del Mar and they
the hostage negotiate, well not hostage, the suicide negotiators, I guess,
have been talking to him since twelve thirty and they
literally have not moved traffic through there. And this is
(31:31):
still going on and now it's dark and I don't
know how they're going to get this guy down, but
it is time to get out the great Big trampoline.
Lou Penrose on KFI AM six forty Live everywhere, on
the iHeartRadio
Speaker 1 (31:43):
App, KFI AM six forty on demand
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