June 19, 2025 • 25 mins
(June 19, 2025)
Host of ‘How to Money’ Joel Larsgaard joins the show to talk about Costco executive members getting better perks, depreciation of cars, crypto & NFT ETFs, and the Chase Sapphire Reserve. DEI backlash has changed how companies observe Juneteenth. Host of ‘Later with Mo Kelly’ joins the program to discuss the emerging trend of banning cell phones at concerts.
Host of ‘How to Money’ Joel Larsgaard joins the show to talk about Costco executive members getting better perks, depreciation of cars, crypto & NFT ETFs, and the Chase Sapphire Reserve. DEI backlash has changed how companies observe Juneteenth. Host of ‘Later with Mo Kelly’ joins the program to discuss the emerging trend of banning cell phones at concerts.
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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 Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:06):
It is a Thursday morning, Juneteenth, June nineteen. It is
an official holiday and is commemorating the day when in Galveston, Texas,
enslaved African Americans were told two years after the Emancipation
Proclamation they were.
Speaker 3 (00:22):
Free, and it's now a national holiday. And before we
get to.
Speaker 2 (00:25):
Joel Larsguard, Fox News, I'm looking at this is reporting
that Jewish camps all over the country are having a
horrible time getting counselors for obvious reasons. So that's just
a sidebar story. I understand they're reaching out to Mormon
counselors to take their place, and the only issue is
(00:45):
the mandatory underwear issue for the campers. Okay, now, Joel Larsguard,
a host of How to Money Sunday's twelve pm to
two pm.
Speaker 3 (00:55):
His social address at how to Money Joel.
Speaker 4 (00:58):
Morning, Joel, Oh, I'm here, you hear me?
Speaker 3 (01:01):
Well, there you go now I can Yeah, we just
had a little bit of a glitch. Okay.
Speaker 2 (01:05):
We immediately go, of course to Costco News and Costco
executive members, of which I am one.
Speaker 3 (01:12):
I understand.
Speaker 2 (01:13):
I'm getting more perks, better lunches when I go for samples.
Speaker 5 (01:17):
Yeah, if only maybe the Costco the hot dog coke
Comba will be a dollar forty instead of a dollar fifty,
wouldn't that be nice?
Speaker 4 (01:24):
Uh?
Speaker 2 (01:25):
You know what at a dollar fifty, I can't imagine
how much money they're losing.
Speaker 3 (01:28):
It's been about fifty since the day they opened.
Speaker 4 (01:31):
That's right, That's right.
Speaker 5 (01:32):
Yeah, I'm like literally, actually it's fascinated. I'm reading a
biography of Saw Price, who was the guy who basically
started the warehouse revolution, and I mean, just all what
a man full of integrity, and just all that he
did to pass value on to customers was incredible. And
so that's what costco members today. Costco is essentially the
legacy of this guy, Saw Price, and the Yeah, the
(01:55):
perks are getting even better for executive members who go
to Costco. And the thing is, I think a lot
of people buy the basic membership and they just assume, hey,
this is probably good enough, Like why do I need
the more expensive one?
Speaker 4 (02:07):
Well, now Costco.
Speaker 5 (02:08):
I mean, there are already good reasons to be a
Costco executive member, but now there are even more. And
so they're going to open up the warehouse an hour
early for you on weekdays at nine am. They'll stay
open an extra hour for you on Saturdays until seven pm.
So if you're like me and you're always like trying
to go to Costco at six pm on a Saturday
and you're like, dang it, they're closed, well now they
won't be closed for you as an executive member. This
(02:31):
starts in like less than two weeks. And the other
cool thing Bill I'm not sure it sounds like you
like to go to the warehouse in person, which I
do too, but some people are really digging this Costco
Same Day, which is run by Instacart, and so Costco
is also going to throw you a bone if you're
into that, They'll they'll toss you ten bucks off one
hundred and fifty dollars order on those same day purchases
(02:53):
every single month. So just that alone will almost essentially
pay for the membership. Granted, you're paying higher prices by
doing the intcart option, but that's another nice perk if
you like to order via the same day.
Speaker 2 (03:04):
That's pretty impressive, okay, And I noticed also a quick word.
Speaker 3 (03:08):
I noticed that the people who are.
Speaker 2 (03:12):
Doing the samples, which I love, they've gotten a lot older,
and they're speaking a lot less English.
Speaker 3 (03:21):
It's just one of those things. All right, let's do this.
Speaker 2 (03:26):
Oh, here's another one, and that's the Chase Sapphire Reserve.
Speaker 3 (03:31):
And I have that.
Speaker 2 (03:33):
I have a Chase card and Sapphire Reserve, and I understand,
and you're right, it's a big new annual fee. But
let's talk about why it's a good idea for me
to do that, because I think it is.
Speaker 4 (03:45):
Yeah.
Speaker 5 (03:46):
So this is a premium credit card, right, and the
American Express kind of has overwhelmingly dominated the premium credit
card space until Chase got in with the Sapphire Reserve.
And both American Express and Chase are updating their super
fancy premium cards. And part of what they're doing is saying, actually,
we're gonna ramp up the annual fee so by basically
(04:07):
one hundred and fifty bucks. So the new annual fee
for the Chase Satire Reserve is going to be seven
hundred and ninety five dollars.
Speaker 3 (04:15):
Yeah, and I think it's four five. Now that's a
lot of money.
Speaker 4 (04:19):
Yes, it's so much money.
Speaker 5 (04:20):
And so what they have to do is provide a
value proposition and say, hey, here's why it's worth it
to hold onto this card. And this is really I
think for the upper echelon of spenders. This is for
the bill handles of the world, this fancy credit card.
And yet but if you are someone who travels frequently
and who uses high end services, this card can more
(04:42):
than pay for itself. But you just have to run
the numbers. And you also, because of the way that
the credit card rewards are often implemented these days, you
have to pay more attention to where you're spending is going,
what cards you're putting the spending on, and when those
when those those spends are actually hitting your balance your
statement because they're kind of split up month to month
(05:05):
or in parts of the year, chunks of the year.
So you might get a credit that works January through June,
and then you might get there's another credit that works
July through December, and so you have to be paid
really close attention. But if you're into Peloton, Apple TV,
Apple music, if you are a traveler and you like
to stay at high end hotels, this card is getting
even better for those kinds of folks.
Speaker 2 (05:25):
Yeah, Now a quick word, by the way, here's my advantage,
and that is is I run my businesses through the card,
and people who have businesses and pay bills.
Speaker 3 (05:38):
Business bills with a card that gets your miles. Yeah,
that is.
Speaker 2 (05:42):
That's and that is not a lot of people can
do that because they don't have businesses, But man, that's
the huge advantage for me.
Speaker 5 (05:50):
A lot more people can then think, like, some of
those business cards are more widely available than you might assume.
If you just do something incredibly part time out of
your house, if you like crochet stuff and you sell
it to neighbors, like that can count as a business
and you can still qualify for a business credit card.
You don't have to have like multiple employees and have
this bustling industry that you that you are running in
(06:11):
order to qualify for those business cards. I think some
people think it's a higher threshold than it actually is.
Speaker 2 (06:15):
Yeah, and you can have a failing business like mine
and still get a lot of a lot of miles.
Speaker 3 (06:21):
All right, So explain once again what.
Speaker 2 (06:24):
An ETF is and an NFT and what the story
is that you're going to talk about, because I always
have a hard time understanding the differences between that and crypto.
Speaker 3 (06:35):
And all of that.
Speaker 5 (06:36):
It's so it's an alphabet alphabet soup we've got going
on here, And we haven't really talked about NFTs in
a couple of years. They've been kind of lying dormant,
and NFTs are non fungible tokens, and so I was
literally just talking to Cono about this.
Speaker 4 (06:49):
He's a big fan of NFTs.
Speaker 3 (06:51):
I am not.
Speaker 5 (06:52):
So we disagree on this one a little bit. But NFTs,
I mean think you remember like the board apes project
that was so big, and there were people on nighttime
comm shows talking about the expensive board apes they had bought,
and so there are these essentially essentially like JPEGs that
you own, and the whole thing was a house of
cards that came crashing down. People were paying extreme dollars
(07:14):
for some of these NFTs as they rose in popularity.
There was a lot of speculative money flowing into the space,
and then a lot of people who bought at the
apex got burnt and they lost a ton of money.
And those board apes are still worth at most ten
percent of what they were back in the day, and
which was like hundreds of thousands of dollars, which is
kind of insane to think that's what people were paying
for a digital image.
Speaker 4 (07:35):
But that is we're.
Speaker 5 (07:36):
Starting to see NFTs back on the uptrend. And there's
actually an ETF in exchange traded fund, so you can
buy it like you would buy a stock or an
index fund that is behind this NFT project, which is
called Pudgy Penguins, and it's really goofy if you go
you look at the website, it's kind of cute, also
kind of funny, and basically the website is trying to
(07:59):
proliferate meme culture. And we live in a culture that
is dominated by memes these days. And so I think
a lot of young investors might say, great, this sounds
like a good way to invest, like cute project, meme culture,
that's the world we're living in. But I just think
that the NFT investing in NFTs is more of a
speculative endeavor than it is actually a hope that your
money will grows.
Speaker 3 (08:19):
Okay, so let me ask so let me get this right.
Speaker 2 (08:21):
You have a meme, for example, and it's out there
for sale. Someone creates a meme and puts it out there,
effectively says, if you want this just to be yours,
then you pay me or you invest in this and
for a meme. What the hell do you do with
a meme? I mean, I mean, how is that an investment?
(08:44):
Explain that to me.
Speaker 4 (08:46):
Well, that's a good question.
Speaker 5 (08:47):
So you know, there are certain NFTs that have done decent,
decently well, like Conan and I were just talking about
top shots, which is like you actually own like a
highlight clip of a moment in like an NBA game,
And so some people might think that's really cool, it's
worth having. The problem is in this space there's so
much speculation. There's this hope that other people are going
(09:08):
to want the thing more than you currently want it,
and that the value is going to go up, and
so it's less like, hey, I want to buy this
piece of art that lives on my computer or on
my phone instead of on the wall, and I just
want to enjoy it. That's the case for some people,
but for a lot of people, it's saying, ooh, how
can we bid up the price of this thing, make
it seem sexy and cutting edge, and then bail at
(09:30):
the right time. So we made some good money and
somebody else got left holding the bag. So that's a
lot of what I see happening in the NFT space.
It's also what I see happening a lot in the
crypto space. I think bitcoin is a little different than
most of the other cryptocurrencies, but I think in so
much of the cryptocurrency space, you see a ton of
that type of behavior. And I just hear from a
lot of listeners who are attracted to it because, Hey,
(09:52):
prices skyrocketing gets you excited, and you're like, I want
to get in on that. I'm sitting on the sidelines
and I'm making you on average, and ten percent turns
a year, what I'm a loser.
Speaker 4 (10:02):
And then what happens is you get in at the
wrong time and you are the one who gets screwed.
Speaker 2 (10:07):
It's like buying snake oil, but at least you get
snake oil. You know there's something there. Or the tulip
craze back in the sixteen hundred's in Holland.
Speaker 3 (10:20):
I mean, there was one tulip.
Speaker 2 (10:22):
It got so crazy it sold for the equivalent of
five hundred thousand dollars a tulip one bulb.
Speaker 3 (10:28):
But you had a bulb in your hand, there was
something there.
Speaker 2 (10:33):
You could touch it, you could plant it, you could
do whatever the hell you wanted. This one, I just
don't get I don't even understand crypto, to be honest
with you, but.
Speaker 4 (10:42):
I always advise too.
Speaker 5 (10:43):
But I think it's really important, like if you're interested
in this, and if this is something that you think
is cool or cutting edge, or you do have a
belief in the future about I mean, I think there
are technology components to NFTs that might be interesting in
the future. There could be there could be fascinating ways
that NFTs are employed. But I guess I'm worried about
(11:04):
the speculative endeavor behind it. And so if you're interested
in this, I think you just have to say, I'm
willing to put my money on pudgy penguins or whatever
it is, but I'm only willing to put a really
small portion. And if you're and it has to be
amount of money that you're not going to lose sleepover
if you lose that money. So just be really careful
and make sure you're doing the boring stuff first and
that this is really just a sideshow with a small
(11:24):
amount of your money.
Speaker 2 (11:26):
Yeah, to me, there has to be a there there
for me there does you know? For example, gold is
hugely volatile, it has been, and I've never been a
big fan, although I have bought gold.
Speaker 3 (11:38):
Now is a hedge, but you.
Speaker 2 (11:41):
Have gold, you know, I mean, there's something there. And
when they talk about the dollar not being worth anything,
it's just a piece of paper and it's people's confidence.
There's a real economy of a government behind that dollar.
Speaker 3 (11:54):
I mean, there is there there but the rest of it.
Speaker 2 (11:57):
And by the way, I probably could have been a
zillionaire if I had invested early, but.
Speaker 3 (12:03):
You know, not at all. I'm not a zillionaire because
I didn't invest early.
Speaker 2 (12:09):
Okay, all right, So this Sunday, my friend, twelve to
two pm right here on KFI, have a good one,
thanks Bill. June teenth, June nineteenth, where it's a commemoration,
a celebration of what happened on June nineteenth, eighteen sixty five,
(12:31):
in Galveston, Texas, the last group of enslaved people in
the US were told that they had been freed two
years after the Emancipation Proclamation. And so it is a
celebration of actually freedom for African Americans.
Speaker 3 (12:49):
So now there is a backlash.
Speaker 2 (12:51):
Now the president we're talking about, President Biden officially recognized
Juneteenth as a federal holiday, and twenty twenty one he
signed the Juneteenth National Independence Day Act into law in
celebration and as you can imagine after twenty twenty one
and what happened after George Floyd and what happened as
(13:16):
a result of Black Lives Matter movement, corporations and groups
were rushing to celebrate DEI and celebrate African Americans and
celebrate inclusion, minorities being included across the board.
Speaker 3 (13:31):
And that's where we were going. And man, we were
going in a big, big way.
Speaker 2 (13:38):
It's what last year twenty twenty four, and this is
before President Trump took office, about four and ten large
employers observed Juneteenth, gave the federal holiday as a paid
day off, which was up from thirty nine percent the
previous year. Going back to twenty twenty one, it was
(13:58):
nine percent. So now it's gone the other way, as
you can imagine, because of this anti wokeness, anti DEI philosophy.
Speaker 3 (14:12):
And it's going the other way.
Speaker 2 (14:13):
So is it still out there is a celebration of
Juneteenth and DEI program still there? It is, but as
you can imagine, the level of engagement has decreased dramatically,
and so you have these major organizations who still are celebrating.
Speaker 3 (14:32):
But they're not highly visible displays anymore.
Speaker 2 (14:36):
They're sort of under the radar, and they're very quiet
about doing it.
Speaker 6 (14:40):
My understanding, Bill is that a lot of the African
American community friends that have told me it's not a
celebration per se, it's a commemoration. Well because they because
of the hinky way it went down. You're talking about
two years in change.
Speaker 3 (15:00):
But it signifies, it signifies.
Speaker 2 (15:03):
The celebration of the freedom of African Americans. They had
to just put a date on it. Is it the
Emancipation Proclamation. If you actually look at the Emancipation Proclamation,
it was a straight article of war. This was not
a moral issue that President Lincoln put into play. It
(15:25):
was a straight out war measure in terms of getting
African Americans to serve in the US Army during the
Civil War and then later on the abolitionist part of
Lincoln came into being, to the point of the thirteenth Amendment.
But I think Juneteenth to a lot of people, And
obviously I'm not African American, and I'm not worried about
(15:48):
or I'm not commemorating my people, you know, my culture,
you know, being enslaved or not. But I think it
has really broad broad meaning because this is the day
that signifies.
Speaker 6 (16:02):
There were shady stuff involved, like wanting to still have
slaves do work.
Speaker 2 (16:07):
Oh yeah, Now, if you look at reconstruction, I'm looking
at a documentary right now. It's on Prime about Grant
Ulysses S. Grant, who is an extraordinary man. If you
don't know much about him, it's worth watching. And it
goes through the history of the history of African Americans
(16:28):
in the Civil War, etc. But back we go to
the celebration and the commemoration of Juneteenth. It is an
official national holiday. Is it a day off? For many employees?
It is, but fewer some employees. For example, you've got Target.
(16:53):
Target celebrates June teenth. Its entire corporate workforce is the
day off, not the stores. The stores are open. So
if you happen to be working in a retail store
for Target, you're still working. Walmart doesn't give employees a
day off, but it does observe June teenth, and so
(17:17):
people celebrate on the job and enjoyment. I love that
we're part of celebrating, but we ain't. But we ain't
giving you the day off. And there are companies that
do that. You simply get days off. Does iHeart give
you the day off?
Speaker 3 (17:32):
I mean, obviously we can't because we're on the air,
and you know, the station has to broadcast. But is it?
Speaker 2 (17:39):
Is it?
Speaker 3 (17:39):
It's a company holiday?
Speaker 2 (17:40):
It is a company holiday? Oh wow? How do we
get there?
Speaker 3 (17:48):
I don't know. I know neither. I'm wondering that myself. Yeah,
I made a wrong turn somewhere I know and company.
Speaker 2 (17:53):
But here's something that I want to share with you,
which was kind of surprising to Neil and a few
other people. Is worth of July and all of these holidays,
national holidays, Christmas, New Year's which of course everybody gets
the day off.
Speaker 3 (18:07):
That's not mandatory.
Speaker 2 (18:09):
That is totally voluntary by the companies now by law.
If you work for the Post Office, the federal government,
the banks, et cetera, those are days off.
Speaker 3 (18:21):
The rest of it not so much so at observing Juneteenth,
I think, is it's something would appropriate.
Speaker 2 (18:33):
I don't like the idea of you getting the day
off because I don't, and that really pisses me off.
Speaker 3 (18:40):
But hey, what can I tell you?
Speaker 6 (18:44):
How do I think we feel about all those Jewish holidays?
Speaker 3 (18:48):
I know I take them all off. I also take
take them.
Speaker 2 (18:52):
I know, I know, And during Ida in Ramadan, I
become a Muslim.
Speaker 3 (18:58):
You know it's not hey, it's religious freedom, the whole gay.
The Ramadan you take off, well, I take a lot
of it off.
Speaker 2 (19:06):
And by the way, I don't fast from morning tonight.
I don't even fast on Young kipor I do you
know when I break the fast on Young keepor where
you're supposed to fast all day is at breakfast.
Speaker 3 (19:22):
Okay, we're done.
Speaker 2 (19:24):
Moe Kelly who has heard every Monday through Friday seven
to ten pm and his social address at mister mo Kelly. Moe.
Speaker 3 (19:33):
Banning cell phones at concerts, how do you do that?
Speaker 1 (19:39):
Well, it's gonna be difficult for any type of major venue,
but it's done on a smaller level with movies. Right now,
if you want to go to a world premiere or
an advanced screening for a lot of movies, they will
take your phone. It's almost like a cod check, and
they'll give you a ticket and then you can pick
it up after the event. As far as concerts are
concern music concerts they want to do that because if
(20:01):
you go on YouTube right now, you can find a
lot of concert material of just about anyone, from Taylor
Swift to Beyonce to Sabrina Carpenter, who came out this
week saying that she may start banning phones at their
concerts for a number of reasons, business reasons and also
selfish reasons, because you get up close and personal with artists,
if you like, in the front row, and some artists
(20:23):
don't want to be shown in that type of light.
Speaker 2 (20:26):
No understood, And it makes sense. I mean, on its face,
it makes sense. Artists are being taken advantage of and
they can be exploited. The problem is singing in a
movie theater with three hundred or four hundred people, that's doable,
grabbing the phones and say you'll get it on the
way out. Doing that with forty thousand people maybe a
(20:46):
little trickier. And I assume they also have the ability
simply to block the venue where phones simply don't work,
But that becomes problematic.
Speaker 3 (20:56):
How do they plan on doing this?
Speaker 2 (20:57):
I mean, is it even possible when you're talking forty
five fifty thousand people.
Speaker 1 (21:01):
Yeah, you would let them know in advance you might
want to leave your phone in the car, and blocking
the signal is an option, but it doesn't prevent people
from taking videos and taking pictures is the intellectual property,
which is probably the greater concern more than anything. Like
I mentioned Beyonce and Taylor Swift, we're now in a
period where they will do concert movies and they will
(21:24):
show behind the scenes footage and different vantage point footage.
If that already exists on the internet, in some way,
it diminishes the value of those movies and how successful
they can be.
Speaker 2 (21:36):
Gennert know if I agree with that, because if you're
talking about a concert movie, you're talking about the sound
being absolutely superb, you're talking about it being highly edited,
so you get different aspects of it, different views, reaction
from fans, etc. I mean, the quality of someone just
holding a camera up in front of an artist in their.
Speaker 3 (21:57):
Row three C.
Speaker 2 (21:58):
I mean, what do you get out of that? Isn't
that just a cost of doing business and performing today.
Speaker 4 (22:03):
To a certain extent.
Speaker 1 (22:04):
But remember both of us, Bill and I'll put us
in the same category. Both of us are old enough
to remember bootlegging where you couldn't even take a recorder
to an actual concert for that reason. And so even
though the technology has changed and improved and it's not
as good as what you would see at an actual
concert movie, there's still a concern about the ruining the
(22:24):
surprise or diminishing the value someone actually seeing it in
person and being able to see Beyonce descend from the
ceiling of the arena as opposed to have already seen
it online.
Speaker 2 (22:35):
Yeah, but as you still get the immediacy of it.
I mean, one of the things I went to an
Elton John concert at it was a Staples and it
was the sound was so bad. I didn't even understand
the words, could barely recognize the music. And I went
to I happen to have connected with the pr person there,
and I go, why do people do this? Why would
(22:57):
Elton John fans listen to this kind of music?
Speaker 3 (23:00):
We're literally this is what you were listening to. It
was that bad. And what he told me was it's
being there.
Speaker 2 (23:09):
It's the immediacy. It's being in the venue and being
in the same room.
Speaker 3 (23:15):
Yeah.
Speaker 2 (23:15):
By the way, that was the last concert I've ever
gone to, and in terms of a major venue like that,
because it's why we just spend money to do that.
Speaker 3 (23:23):
So I don't know which way do you think it's
gonna go? Which way do you think it should go?
Speaker 1 (23:29):
I think it should move in the direction of banning
the phones. There is what the artists would want, and
there's what the fan would want. But most importantly, when
we're talking about money, it's most important what the copyright
owners want. And not all artists own their intellectual property.
They're not the songwriters. In other words, they're not the
person whose most stands to benefit from the banning of
(23:51):
the cell phones.
Speaker 2 (23:53):
Okay, well, we'll catch you tonight seven pm on.
Speaker 3 (24:00):
With mo Kelly. You have a good one.
Speaker 2 (24:02):
Appreciate you all right, real quickly. I want to remind
you before we bail out of here. Oh no on,
let me give you phone numbers. That's right, I forgot.
I'm taking phone calls for handle on the law Marginal
Legal Advice, where you call in, you ask the marginal question.
I answer marginally, and the number is eight seven seven
(24:22):
five to two zero eleven fifty eight seven seven five
two zero eleven fifty.
Speaker 3 (24:27):
I start in just.
Speaker 2 (24:28):
A few minutes, and we have no breaks. This is
kind of neat because I don't do this on Saturday
during the show. No breaks, no weather, no traffic, no commercials, nada,
and of course no patients on my part. So we
go through the phone calls fairly quickly eight seven seven,
five two zero eleven fifty starting in just a few
minutes right here on KFI. And tomorrow morning, Will and
(24:53):
Amy start at five am with wake up call.
Speaker 3 (24:55):
Neil and I.
Speaker 2 (24:56):
Jump in from six to nine, and of course Cono
and I would love to get the hell out of here,
but they can't. This is KFI Am sixty. You've been
listening to the Bill Handle Show, 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.
Speaker 2 (00:06):
It is a Thursday morning, Juneteenth, June nineteen. It is
an official holiday and is commemorating the day when in Galveston, Texas,
enslaved African Americans were told two years after the Emancipation
Proclamation they were.
Speaker 3 (00:22):
Free, and it's now a national holiday. And before we
get to.
Speaker 2 (00:25):
Joel Larsguard, Fox News, I'm looking at this is reporting
that Jewish camps all over the country are having a
horrible time getting counselors for obvious reasons. So that's just
a sidebar story. I understand they're reaching out to Mormon
counselors to take their place, and the only issue is
(00:45):
the mandatory underwear issue for the campers. Okay, now, Joel Larsguard,
a host of How to Money Sunday's twelve pm to
two pm.
Speaker 3 (00:55):
His social address at how to Money Joel.
Speaker 4 (00:58):
Morning, Joel, Oh, I'm here, you hear me?
Speaker 3 (01:01):
Well, there you go now I can Yeah, we just
had a little bit of a glitch. Okay.
Speaker 2 (01:05):
We immediately go, of course to Costco News and Costco
executive members, of which I am one.
Speaker 3 (01:12):
I understand.
Speaker 2 (01:13):
I'm getting more perks, better lunches when I go for samples.
Speaker 5 (01:17):
Yeah, if only maybe the Costco the hot dog coke
Comba will be a dollar forty instead of a dollar fifty,
wouldn't that be nice?
Speaker 4 (01:24):
Uh?
Speaker 2 (01:25):
You know what at a dollar fifty, I can't imagine
how much money they're losing.
Speaker 3 (01:28):
It's been about fifty since the day they opened.
Speaker 4 (01:31):
That's right, That's right.
Speaker 5 (01:32):
Yeah, I'm like literally, actually it's fascinated. I'm reading a
biography of Saw Price, who was the guy who basically
started the warehouse revolution, and I mean, just all what
a man full of integrity, and just all that he
did to pass value on to customers was incredible. And
so that's what costco members today. Costco is essentially the
legacy of this guy, Saw Price, and the Yeah, the
(01:55):
perks are getting even better for executive members who go
to Costco. And the thing is, I think a lot
of people buy the basic membership and they just assume, hey,
this is probably good enough, Like why do I need
the more expensive one?
Speaker 4 (02:07):
Well, now Costco.
Speaker 5 (02:08):
I mean, there are already good reasons to be a
Costco executive member, but now there are even more. And
so they're going to open up the warehouse an hour
early for you on weekdays at nine am. They'll stay
open an extra hour for you on Saturdays until seven pm.
So if you're like me and you're always like trying
to go to Costco at six pm on a Saturday
and you're like, dang it, they're closed, well now they
won't be closed for you as an executive member. This
(02:31):
starts in like less than two weeks. And the other
cool thing Bill I'm not sure it sounds like you
like to go to the warehouse in person, which I
do too, but some people are really digging this Costco
Same Day, which is run by Instacart, and so Costco
is also going to throw you a bone if you're
into that, They'll they'll toss you ten bucks off one
hundred and fifty dollars order on those same day purchases
(02:53):
every single month. So just that alone will almost essentially
pay for the membership. Granted, you're paying higher prices by
doing the intcart option, but that's another nice perk if
you like to order via the same day.
Speaker 2 (03:04):
That's pretty impressive, okay, And I noticed also a quick word.
Speaker 3 (03:08):
I noticed that the people who are.
Speaker 2 (03:12):
Doing the samples, which I love, they've gotten a lot older,
and they're speaking a lot less English.
Speaker 3 (03:21):
It's just one of those things. All right, let's do this.
Speaker 2 (03:26):
Oh, here's another one, and that's the Chase Sapphire Reserve.
Speaker 3 (03:31):
And I have that.
Speaker 2 (03:33):
I have a Chase card and Sapphire Reserve, and I understand,
and you're right, it's a big new annual fee. But
let's talk about why it's a good idea for me
to do that, because I think it is.
Speaker 4 (03:45):
Yeah.
Speaker 5 (03:46):
So this is a premium credit card, right, and the
American Express kind of has overwhelmingly dominated the premium credit
card space until Chase got in with the Sapphire Reserve.
And both American Express and Chase are updating their super
fancy premium cards. And part of what they're doing is saying, actually,
we're gonna ramp up the annual fee so by basically
(04:07):
one hundred and fifty bucks. So the new annual fee
for the Chase Satire Reserve is going to be seven
hundred and ninety five dollars.
Speaker 3 (04:15):
Yeah, and I think it's four five. Now that's a
lot of money.
Speaker 4 (04:19):
Yes, it's so much money.
Speaker 5 (04:20):
And so what they have to do is provide a
value proposition and say, hey, here's why it's worth it
to hold onto this card. And this is really I
think for the upper echelon of spenders. This is for
the bill handles of the world, this fancy credit card.
And yet but if you are someone who travels frequently
and who uses high end services, this card can more
(04:42):
than pay for itself. But you just have to run
the numbers. And you also, because of the way that
the credit card rewards are often implemented these days, you
have to pay more attention to where you're spending is going,
what cards you're putting the spending on, and when those
when those those spends are actually hitting your balance your
statement because they're kind of split up month to month
(05:05):
or in parts of the year, chunks of the year.
So you might get a credit that works January through June,
and then you might get there's another credit that works
July through December, and so you have to be paid
really close attention. But if you're into Peloton, Apple TV,
Apple music, if you are a traveler and you like
to stay at high end hotels, this card is getting
even better for those kinds of folks.
Speaker 2 (05:25):
Yeah, Now a quick word, by the way, here's my advantage,
and that is is I run my businesses through the card,
and people who have businesses and pay bills.
Speaker 3 (05:38):
Business bills with a card that gets your miles. Yeah,
that is.
Speaker 2 (05:42):
That's and that is not a lot of people can
do that because they don't have businesses, But man, that's
the huge advantage for me.
Speaker 5 (05:50):
A lot more people can then think, like, some of
those business cards are more widely available than you might assume.
If you just do something incredibly part time out of
your house, if you like crochet stuff and you sell
it to neighbors, like that can count as a business
and you can still qualify for a business credit card.
You don't have to have like multiple employees and have
this bustling industry that you that you are running in
(06:11):
order to qualify for those business cards. I think some
people think it's a higher threshold than it actually is.
Speaker 2 (06:15):
Yeah, and you can have a failing business like mine
and still get a lot of a lot of miles.
Speaker 3 (06:21):
All right, So explain once again what.
Speaker 2 (06:24):
An ETF is and an NFT and what the story
is that you're going to talk about, because I always
have a hard time understanding the differences between that and crypto.
Speaker 3 (06:35):
And all of that.
Speaker 5 (06:36):
It's so it's an alphabet alphabet soup we've got going
on here, And we haven't really talked about NFTs in
a couple of years. They've been kind of lying dormant,
and NFTs are non fungible tokens, and so I was
literally just talking to Cono about this.
Speaker 4 (06:49):
He's a big fan of NFTs.
Speaker 3 (06:51):
I am not.
Speaker 5 (06:52):
So we disagree on this one a little bit. But NFTs,
I mean think you remember like the board apes project
that was so big, and there were people on nighttime
comm shows talking about the expensive board apes they had bought,
and so there are these essentially essentially like JPEGs that
you own, and the whole thing was a house of
cards that came crashing down. People were paying extreme dollars
(07:14):
for some of these NFTs as they rose in popularity.
There was a lot of speculative money flowing into the space,
and then a lot of people who bought at the
apex got burnt and they lost a ton of money.
And those board apes are still worth at most ten
percent of what they were back in the day, and
which was like hundreds of thousands of dollars, which is
kind of insane to think that's what people were paying
for a digital image.
Speaker 4 (07:35):
But that is we're.
Speaker 5 (07:36):
Starting to see NFTs back on the uptrend. And there's
actually an ETF in exchange traded fund, so you can
buy it like you would buy a stock or an
index fund that is behind this NFT project, which is
called Pudgy Penguins, and it's really goofy if you go
you look at the website, it's kind of cute, also
kind of funny, and basically the website is trying to
(07:59):
proliferate meme culture. And we live in a culture that
is dominated by memes these days. And so I think
a lot of young investors might say, great, this sounds
like a good way to invest, like cute project, meme culture,
that's the world we're living in. But I just think
that the NFT investing in NFTs is more of a
speculative endeavor than it is actually a hope that your
money will grows.
Speaker 3 (08:19):
Okay, so let me ask so let me get this right.
Speaker 2 (08:21):
You have a meme, for example, and it's out there
for sale. Someone creates a meme and puts it out there,
effectively says, if you want this just to be yours,
then you pay me or you invest in this and
for a meme. What the hell do you do with
a meme? I mean, I mean, how is that an investment?
(08:44):
Explain that to me.
Speaker 4 (08:46):
Well, that's a good question.
Speaker 5 (08:47):
So you know, there are certain NFTs that have done decent,
decently well, like Conan and I were just talking about
top shots, which is like you actually own like a
highlight clip of a moment in like an NBA game,
And so some people might think that's really cool, it's
worth having. The problem is in this space there's so
much speculation. There's this hope that other people are going
(09:08):
to want the thing more than you currently want it,
and that the value is going to go up, and
so it's less like, hey, I want to buy this
piece of art that lives on my computer or on
my phone instead of on the wall, and I just
want to enjoy it. That's the case for some people,
but for a lot of people, it's saying, ooh, how
can we bid up the price of this thing, make
it seem sexy and cutting edge, and then bail at
(09:30):
the right time. So we made some good money and
somebody else got left holding the bag. So that's a
lot of what I see happening in the NFT space.
It's also what I see happening a lot in the
crypto space. I think bitcoin is a little different than
most of the other cryptocurrencies, but I think in so
much of the cryptocurrency space, you see a ton of
that type of behavior. And I just hear from a
lot of listeners who are attracted to it because, Hey,
(09:52):
prices skyrocketing gets you excited, and you're like, I want
to get in on that. I'm sitting on the sidelines
and I'm making you on average, and ten percent turns
a year, what I'm a loser.
Speaker 4 (10:02):
And then what happens is you get in at the
wrong time and you are the one who gets screwed.
Speaker 2 (10:07):
It's like buying snake oil, but at least you get
snake oil. You know there's something there. Or the tulip
craze back in the sixteen hundred's in Holland.
Speaker 3 (10:20):
I mean, there was one tulip.
Speaker 2 (10:22):
It got so crazy it sold for the equivalent of
five hundred thousand dollars a tulip one bulb.
Speaker 3 (10:28):
But you had a bulb in your hand, there was
something there.
Speaker 2 (10:33):
You could touch it, you could plant it, you could
do whatever the hell you wanted. This one, I just
don't get I don't even understand crypto, to be honest
with you, but.
Speaker 4 (10:42):
I always advise too.
Speaker 5 (10:43):
But I think it's really important, like if you're interested
in this, and if this is something that you think
is cool or cutting edge, or you do have a
belief in the future about I mean, I think there
are technology components to NFTs that might be interesting in
the future. There could be there could be fascinating ways
that NFTs are employed. But I guess I'm worried about
(11:04):
the speculative endeavor behind it. And so if you're interested
in this, I think you just have to say, I'm
willing to put my money on pudgy penguins or whatever
it is, but I'm only willing to put a really
small portion. And if you're and it has to be
amount of money that you're not going to lose sleepover
if you lose that money. So just be really careful
and make sure you're doing the boring stuff first and
that this is really just a sideshow with a small
(11:24):
amount of your money.
Speaker 2 (11:26):
Yeah, to me, there has to be a there there
for me there does you know? For example, gold is
hugely volatile, it has been, and I've never been a
big fan, although I have bought gold.
Speaker 3 (11:38):
Now is a hedge, but you.
Speaker 2 (11:41):
Have gold, you know, I mean, there's something there. And
when they talk about the dollar not being worth anything,
it's just a piece of paper and it's people's confidence.
There's a real economy of a government behind that dollar.
Speaker 3 (11:54):
I mean, there is there there but the rest of it.
Speaker 2 (11:57):
And by the way, I probably could have been a
zillionaire if I had invested early, but.
Speaker 3 (12:03):
You know, not at all. I'm not a zillionaire because
I didn't invest early.
Speaker 2 (12:09):
Okay, all right, So this Sunday, my friend, twelve to
two pm right here on KFI, have a good one,
thanks Bill. June teenth, June nineteenth, where it's a commemoration,
a celebration of what happened on June nineteenth, eighteen sixty five,
(12:31):
in Galveston, Texas, the last group of enslaved people in
the US were told that they had been freed two
years after the Emancipation Proclamation. And so it is a
celebration of actually freedom for African Americans.
Speaker 3 (12:49):
So now there is a backlash.
Speaker 2 (12:51):
Now the president we're talking about, President Biden officially recognized
Juneteenth as a federal holiday, and twenty twenty one he
signed the Juneteenth National Independence Day Act into law in
celebration and as you can imagine after twenty twenty one
and what happened after George Floyd and what happened as
(13:16):
a result of Black Lives Matter movement, corporations and groups
were rushing to celebrate DEI and celebrate African Americans and
celebrate inclusion, minorities being included across the board.
Speaker 3 (13:31):
And that's where we were going. And man, we were
going in a big, big way.
Speaker 2 (13:38):
It's what last year twenty twenty four, and this is
before President Trump took office, about four and ten large
employers observed Juneteenth, gave the federal holiday as a paid
day off, which was up from thirty nine percent the
previous year. Going back to twenty twenty one, it was
(13:58):
nine percent. So now it's gone the other way, as
you can imagine, because of this anti wokeness, anti DEI philosophy.
Speaker 3 (14:12):
And it's going the other way.
Speaker 2 (14:13):
So is it still out there is a celebration of
Juneteenth and DEI program still there? It is, but as
you can imagine, the level of engagement has decreased dramatically,
and so you have these major organizations who still are celebrating.
Speaker 3 (14:32):
But they're not highly visible displays anymore.
Speaker 2 (14:36):
They're sort of under the radar, and they're very quiet
about doing it.
Speaker 6 (14:40):
My understanding, Bill is that a lot of the African
American community friends that have told me it's not a
celebration per se, it's a commemoration. Well because they because
of the hinky way it went down. You're talking about
two years in change.
Speaker 3 (15:00):
But it signifies, it signifies.
Speaker 2 (15:03):
The celebration of the freedom of African Americans. They had
to just put a date on it. Is it the
Emancipation Proclamation. If you actually look at the Emancipation Proclamation,
it was a straight article of war. This was not
a moral issue that President Lincoln put into play. It
(15:25):
was a straight out war measure in terms of getting
African Americans to serve in the US Army during the
Civil War and then later on the abolitionist part of
Lincoln came into being, to the point of the thirteenth Amendment.
But I think Juneteenth to a lot of people, And
obviously I'm not African American, and I'm not worried about
(15:48):
or I'm not commemorating my people, you know, my culture,
you know, being enslaved or not. But I think it
has really broad broad meaning because this is the day
that signifies.
Speaker 6 (16:02):
There were shady stuff involved, like wanting to still have
slaves do work.
Speaker 2 (16:07):
Oh yeah, Now, if you look at reconstruction, I'm looking
at a documentary right now. It's on Prime about Grant
Ulysses S. Grant, who is an extraordinary man. If you
don't know much about him, it's worth watching. And it
goes through the history of the history of African Americans
(16:28):
in the Civil War, etc. But back we go to
the celebration and the commemoration of Juneteenth. It is an
official national holiday. Is it a day off? For many employees?
It is, but fewer some employees. For example, you've got Target.
(16:53):
Target celebrates June teenth. Its entire corporate workforce is the
day off, not the stores. The stores are open. So
if you happen to be working in a retail store
for Target, you're still working. Walmart doesn't give employees a
day off, but it does observe June teenth, and so
(17:17):
people celebrate on the job and enjoyment. I love that
we're part of celebrating, but we ain't. But we ain't
giving you the day off. And there are companies that
do that. You simply get days off. Does iHeart give
you the day off?
Speaker 3 (17:32):
I mean, obviously we can't because we're on the air,
and you know, the station has to broadcast. But is it?
Speaker 2 (17:39):
Is it?
Speaker 3 (17:39):
It's a company holiday?
Speaker 2 (17:40):
It is a company holiday? Oh wow? How do we
get there?
Speaker 3 (17:48):
I don't know. I know neither. I'm wondering that myself. Yeah,
I made a wrong turn somewhere I know and company.
Speaker 2 (17:53):
But here's something that I want to share with you,
which was kind of surprising to Neil and a few
other people. Is worth of July and all of these holidays,
national holidays, Christmas, New Year's which of course everybody gets
the day off.
Speaker 3 (18:07):
That's not mandatory.
Speaker 2 (18:09):
That is totally voluntary by the companies now by law.
If you work for the Post Office, the federal government,
the banks, et cetera, those are days off.
Speaker 3 (18:21):
The rest of it not so much so at observing Juneteenth,
I think, is it's something would appropriate.
Speaker 2 (18:33):
I don't like the idea of you getting the day
off because I don't, and that really pisses me off.
Speaker 3 (18:40):
But hey, what can I tell you?
Speaker 6 (18:44):
How do I think we feel about all those Jewish holidays?
Speaker 3 (18:48):
I know I take them all off. I also take
take them.
Speaker 2 (18:52):
I know, I know, And during Ida in Ramadan, I
become a Muslim.
Speaker 3 (18:58):
You know it's not hey, it's religious freedom, the whole gay.
The Ramadan you take off, well, I take a lot
of it off.
Speaker 2 (19:06):
And by the way, I don't fast from morning tonight.
I don't even fast on Young kipor I do you
know when I break the fast on Young keepor where
you're supposed to fast all day is at breakfast.
Speaker 3 (19:22):
Okay, we're done.
Speaker 2 (19:24):
Moe Kelly who has heard every Monday through Friday seven
to ten pm and his social address at mister mo Kelly. Moe.
Speaker 3 (19:33):
Banning cell phones at concerts, how do you do that?
Speaker 1 (19:39):
Well, it's gonna be difficult for any type of major venue,
but it's done on a smaller level with movies. Right now,
if you want to go to a world premiere or
an advanced screening for a lot of movies, they will
take your phone. It's almost like a cod check, and
they'll give you a ticket and then you can pick
it up after the event. As far as concerts are
concern music concerts they want to do that because if
(20:01):
you go on YouTube right now, you can find a
lot of concert material of just about anyone, from Taylor
Swift to Beyonce to Sabrina Carpenter, who came out this
week saying that she may start banning phones at their
concerts for a number of reasons, business reasons and also
selfish reasons, because you get up close and personal with artists,
if you like, in the front row, and some artists
(20:23):
don't want to be shown in that type of light.
Speaker 2 (20:26):
No understood, And it makes sense. I mean, on its face,
it makes sense. Artists are being taken advantage of and
they can be exploited. The problem is singing in a
movie theater with three hundred or four hundred people, that's doable,
grabbing the phones and say you'll get it on the
way out. Doing that with forty thousand people maybe a
(20:46):
little trickier. And I assume they also have the ability
simply to block the venue where phones simply don't work,
But that becomes problematic.
Speaker 3 (20:56):
How do they plan on doing this?
Speaker 2 (20:57):
I mean, is it even possible when you're talking forty
five fifty thousand people.
Speaker 1 (21:01):
Yeah, you would let them know in advance you might
want to leave your phone in the car, and blocking
the signal is an option, but it doesn't prevent people
from taking videos and taking pictures is the intellectual property,
which is probably the greater concern more than anything. Like
I mentioned Beyonce and Taylor Swift, we're now in a
period where they will do concert movies and they will
(21:24):
show behind the scenes footage and different vantage point footage.
If that already exists on the internet, in some way,
it diminishes the value of those movies and how successful
they can be.
Speaker 2 (21:36):
Gennert know if I agree with that, because if you're
talking about a concert movie, you're talking about the sound
being absolutely superb, you're talking about it being highly edited,
so you get different aspects of it, different views, reaction
from fans, etc. I mean, the quality of someone just
holding a camera up in front of an artist in their.
Speaker 3 (21:57):
Row three C.
Speaker 2 (21:58):
I mean, what do you get out of that? Isn't
that just a cost of doing business and performing today.
Speaker 4 (22:03):
To a certain extent.
Speaker 1 (22:04):
But remember both of us, Bill and I'll put us
in the same category. Both of us are old enough
to remember bootlegging where you couldn't even take a recorder
to an actual concert for that reason. And so even
though the technology has changed and improved and it's not
as good as what you would see at an actual
concert movie, there's still a concern about the ruining the
(22:24):
surprise or diminishing the value someone actually seeing it in
person and being able to see Beyonce descend from the
ceiling of the arena as opposed to have already seen
it online.
Speaker 2 (22:35):
Yeah, but as you still get the immediacy of it.
I mean, one of the things I went to an
Elton John concert at it was a Staples and it
was the sound was so bad. I didn't even understand
the words, could barely recognize the music. And I went
to I happen to have connected with the pr person there,
and I go, why do people do this? Why would
(22:57):
Elton John fans listen to this kind of music?
Speaker 3 (23:00):
We're literally this is what you were listening to. It
was that bad. And what he told me was it's
being there.
Speaker 2 (23:09):
It's the immediacy. It's being in the venue and being
in the same room.
Speaker 3 (23:15):
Yeah.
Speaker 2 (23:15):
By the way, that was the last concert I've ever
gone to, and in terms of a major venue like that,
because it's why we just spend money to do that.
Speaker 3 (23:23):
So I don't know which way do you think it's
gonna go? Which way do you think it should go?
Speaker 1 (23:29):
I think it should move in the direction of banning
the phones. There is what the artists would want, and
there's what the fan would want. But most importantly, when
we're talking about money, it's most important what the copyright
owners want. And not all artists own their intellectual property.
They're not the songwriters. In other words, they're not the
person whose most stands to benefit from the banning of
(23:51):
the cell phones.
Speaker 2 (23:53):
Okay, well, we'll catch you tonight seven pm on.
Speaker 3 (24:00):
With mo Kelly. You have a good one.
Speaker 2 (24:02):
Appreciate you all right, real quickly. I want to remind
you before we bail out of here. Oh no on,
let me give you phone numbers. That's right, I forgot.
I'm taking phone calls for handle on the law Marginal
Legal Advice, where you call in, you ask the marginal question.
I answer marginally, and the number is eight seven seven
(24:22):
five to two zero eleven fifty eight seven seven five
two zero eleven fifty.
Speaker 3 (24:27):
I start in just.
Speaker 2 (24:28):
A few minutes, and we have no breaks. This is
kind of neat because I don't do this on Saturday
during the show. No breaks, no weather, no traffic, no commercials, nada,
and of course no patients on my part. So we
go through the phone calls fairly quickly eight seven seven,
five two zero eleven fifty starting in just a few
minutes right here on KFI. And tomorrow morning, Will and
(24:53):
Amy start at five am with wake up call.
Speaker 3 (24:55):
Neil and I.
Speaker 2 (24:56):
Jump in from six to nine, and of course Cono
and I would love to get the hell out of here,
but they can't. This is KFI Am sixty. You've been
listening to the Bill Handle Show, Catch My Show Monday
through Friday six am to nine am, and anytime on
demand on the iHeartRadio app.
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