May 19, 2023 • 40 mins
Jason Middleton sits in for Jennifer Jones Lee, who returns on Monday, for your Friday morning Wake Up Call. ABC's Jim Ryan joins the show to talk about Career Day and highlights the fastest-growing occupations through 2017. Then, Investopedia.com's Caleb Silver talks about housing prices beginning to fall, what's next for interest rates, and the latest on the debt ceiling standoff. Dean Sharp is back for a fresh segment with The House Whisperer! And ABC's Entertainment Reporter Jason Nathanson highlights some big things coming your way on the big screen this weekend.
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Episode Transcript
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(00:00):
You're listening to Wake Up Call withJennifer Jones Lee on demand from K five
a M. Six forty. Goodmorning everybody, five o'clock Wake Up Call.
My name is Jason Middleton. Iam in for Jennifer Jones Lee.
She will be back on Monday.She's enjoying some livestock and other entertainment at
(00:24):
a rodeo in northern California, visitingsome family and friends. Hopefully having a
great week. Today is Friday,Yeah, Friday, May nineteenth. I
was looking at some facts this morning. I cover economics in business, and
twenty five percent is how big theshare of the global economy the United States
(00:49):
has. The US economy pumps outtwenty five percent of the global output,
as four percent of the world's populationnot entirely responsible with that output. I
think we play our hand in differentways, for sure. Producer and gives
me a trending note every morning,and this one stood out. Sinkhole in
(01:15):
Porter Ranch on the one eighteen isfinally fixed. It took a year of
repairs to get that sinkhole fixed.That was kind of a big I mean,
we're gonna get more and more ofthese. All that snow has to
melt has to go, someplace hasto move, some earth underneath it.
But it's Friday, we're gonna getthrough the headlines. We have a great
(01:36):
show lined up for you today.We have Jim Ryan talking about AI and
climate change and the kind of skillswe need into the twenty first century.
We're looking for jobs or careers.We're gonna look at macroeconomics with Caleb Silver
as well. Dean Sharp is back. It's Friday. We're gonna talk closets
with him, and of course we'regonna tee up the weekend entertainment with Jason
Nathanson for some headlines. Ukraine PresidentZelenski is expected to personally at the G
(02:00):
seven summit Sunday in Japan, askingfour weapons and to share his ten point
piece plan. Disney says changing businessconditions are forcing it to cancel plans for
a one billion dollar corporate campus inFlorida that was going to be the most
of the imagineering department, and theydidn't want to go anyway. And with
(02:23):
the political climate in Florida and thebusiness climate, they s decided not to
do it. The new CEO,or the re CEO, Bob Iger,
is not a huge fan of thatmove. The Lakers fell short against the
Nuggets last night in the Western ConferenceFinals. Game three is in La tomorrow.
Enough said about that. In justa few minutes, we'll talk with
ABC senior news correspondent Jim Ryan.Jim is one of the best at what
(02:45):
he does for a job, sowe're going to talk to him about which
jobs are the best to prep forin the coming years, years that are
going to be disrupted by artificial intelligenceand climate change. So we're gonna talk
about skill sets that we need.Let's start with some of the stories coming
out of the KFI twenty four hournewsroom. Some La County Sheriff's deputies could
lose their job if they refuse tobe questioned about so called deputy gangs.
(03:08):
The county's inspector general also threatened todecertify the deputies as peace officers that they
do not cooperate. Last week,emails went to thirty five deputies requesting they
submit to an inquiry about their knowledgeof the bandidos or executioners and to snitch
about other deputies. The emails weren'tmade public until this week, and KAFIN
News has seen the email. Italso instructs the deputies to provide photos of
(03:28):
any tattoos on their body, especiallyon their legs. The union representing the
deputies has told their members not toact on the email until consulting them at
Sheriff's headquarters. Steve Gregory k ifI News. LA Pride has dropped out
of the tenth annual Dodgers Pride Nightcelebration over the team uninviting a group called
the Sisters of Perpetual Indulgence. Theirinvitation was rescinded by the Dodgers this week
(03:51):
because of criticism from Catholic organizations.LA Pride says it's disappointed in the decision.
It says Pride as a fight forequality and inclusion for the entire LGBTQ
plus community. The HP says itwants the public to cool its engines ahead
of the new Fast and Furious movie. HP says it wants the public to
(04:13):
remember that what you see in Hollywoodis done by professional stunt drivers. The
HPS Jose Alatorre says it isn't onlywarning the drivers of street events. Simply
watching a sideshow as a crime,right so as a spectator if you're arrested
or cited you can spend up theninety days in jail. I have a
five hundred dollars fine. Your carcan be impounded, the HP said yesterday.
(04:35):
Street racing is dangerous to not onlydrivers and spectators, but also to
responding police officers. Chris Adler KFINews on the line with this ABC senior
reporter Jim Ryan. The World EconomicForum has a Jobs of the Future report.
It's going to predict fourteen million jobsare going to ghost in the next
five years. Good morning, Jim. Yeah, Well, the World Economic
(04:58):
Forum asked eight hundred companies around theworld, not just here in this country,
Jason, but around the world,and the Forum then came up with
a three hundred page report which looksat various careers, the ones that will
be hot, the skills that arerequired for those those positions, the ones
that will be in demand between nowand twenty twenty seven, which Trilier isn't
that far away. The word thatkeeps coming up is thinking. Analytical thinking,
(05:21):
critical thinking, creative thinking. Thoseare the skills that people will need
for these jobs of the future.And so, yeah, if you get
a kid in college or you're lookingat transitioning into a different career. You
need to know that it isn't somuch what you can do with your hands,
but what you can do with yourmind. It's kind of like having
a brand new toolbox and you wantto learn how to use it. Because
(05:43):
artificial intelligence is supposed to lift someof the mundane and routine off of jobs
and job expectations and leave us formore creative thinking. That's what it sounds
like to me. What's what's yourtake, Well, you're right and funny
you should mention that because the topspecialty, the top job going forward,
at least for the next few years, will be AI and machine learning specialists,
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so people who design and build theartificial intelligence and then teach them to
be more human I suppose, orto act more like a person. Those
jobs will be growing by thirty ninepercent in number over the next four years.
So yeah, yeah, to artificialintelligence, it's not just something that's
theoretical, something that pops up nowand then. It's an actual career and
(06:27):
a growth career for a lot ofpeople. Jason. And with a lot
of these disruptions that come into theeconomy, the workflow, our lives,
society, there are their creations.Other jobs and created through this disruption,
right, So are we prepping forthose? Sure? Yeah. The second
most in demand job sustainability specialists.So somebody you're talking about the climate change
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as a disruptor, certainly that's goingto be one that needs to be addressed
for the next four years, nextforty years, I suppose, So sustainability
specialists, people who design and buildsolar panels or wind turbines that sort of
thing, or or are in hydrosciences, those are the jobs that will also
be in demand. So yeah,you're right ed responding to those disruptions or
(07:12):
those unexpected events in the world,you know, Dutch, in our own
lives, but in the world's history. It's something that has to be dealt
with. Jim, you've read thisreport. You've read over the report.
I've read some of it. Ihaven't. I've just read the summary.
But it seems like you're talking abouthard skills. We are talking about hard
skills right there, and training.Seems like soft skills are becoming up and
up on the list. Empathy andactive listing is one of them. And
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I just happy to remember from schoolthat Plato said empathy is the highest form
of knowledge, and so it seemslike we need to be a little more,
a little softer in our approach asthese hard tech comes at us.
Well, Ryan, yeah, andso it's as white collar jobs, you
know, continue to grow. Bluecollar jobs are kind of on the wane,
then those those soft skills, theones that you develop in interactions with
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other people in an office or ina sales position or in a laboratory,
those will be important. So it'sanalytical thinking, it's a creative thinking good.
It's also dealing with other people.It's also being able to be conversant
about the technology we're dealing with.And I know we're talking a lot about
AI right now and artificial intelligence.Climate change is part of this too,
and it's going to come in withdifferent nomenclature and different definitions. So it
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seems like literacy is important to bringit to the work. Oh, absolutely,
yeah, literacy, both the traditionalsense and literacy in terms of changing
technologies. I'm surprised to see though, that among this top ten listing of
positions or careers that show growth potentialover the coming years. Again according to
the World Economic Forum, in ninthplace, agricultural equipment operators. So while
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folks are sitting around thinking up anddreaming up robots and artificial intelligence. Somebody
has to feed those people, andthat's where you get a thirty percent growth
in the number of agricultural equipment operators. So for the next four years,
you said that wouldn't surprised you asa up question, anything else on that
list that kind of stood out foryou. You maybe a job listing you
(09:05):
didn't expect to see there, ora skill set that we might want to
be up skilling for or prepping for, well, robotics engineers. I mean,
that's that goes without saying, Ithink, and it all kind of
goes into this tech field. Ithink the most surprising was this farm equipment
operators, but the rest of themhave things in common, and that is
this this sense of creativity, thesense of analysis and ability to work within
(09:28):
structures. Fintech engineers are another bigcareer growing out there, and so yeah,
it's sort of like building, operatingand then dealing with the consequences of
technology because the information security analysts arewe going to be in demand. Those
folks who handle cybersecurity questions very cool. ABC's Jim Ryan always a pleasure to
speak with you. I've got youtwice this week. I'm the lucky one.
(09:50):
Thanks a lot, thanks Jason.ABC's Jim Ryan. There, let's
get a couple more headlines before wego to the break out of the KFI
twenty four hour news room. Aseven point seven magnitude quake has been detected
in the Far Pacific. The USGeological Survey says the quake yesterday was near
the Loyalty Islands that's southwest of Fiji, north of New Zealand, and east
(10:11):
of Australia. A tsunami was forecastfor Vandawatu, which saw a small tsunami
with waves two feet above tide level. Smaller waves were forecast for Fiji and
New Zealand. I live in theeastern part of la and I swear during
the second quarter last night of theLakers game, I felled an earthquake.
I haven't checked this morning, soI'm going to check my quake watch.
The Invisible House has been put upfor sale in Joshua Tree. The house
(10:33):
isn't actually invisible, but that's whatit's called because it's mirrored, which creates
the illusion. It disappears into thedesert landscape from the inside. Those walls
of mirrored glass deliver panoramic views stepsaway from Joshua Tree National Park. It's
been used as an Airbnb and isnow listed as one of Airbnb's most wish
listed homes for twenty twenty three.The fifty five hundred square foot minimal is
(10:54):
home with three bedrooms, four bathrooms, and a one hundred foot indoor pool,
is listed for eighteen million dollars,the most expensive listing ever in Joshua
Tree. Amy King KFI News,the pictures of that house are amazing.
La City Council is officially adopting athirteen billion dollar budget for the upcoming fiscal
year. The budget is highlighted byan unprecedented one point three billion dollar investment
(11:18):
toward finding homelessness. This is goingto be leading bill handle on the news.
In about an hour, a groupof drivers for the Orange County Transportation
Authority will end their strike and returnto work on Monday. The employees who
drive disabled computers had been on strikesince May the third. A motorcycle rider
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is behind bars after leading police ona nearly hour long chase through the West
San Fernando Valley. Police say theman was waving a gun from his home
balcony next to Shamanad High School yesterdayafternoon, prompting the cancelation of the school's
baseball game. He then took offon his motorcycle and police set up a
(12:00):
perimeter near his home and captured himat five thirty five. Yeah, the
house Whisperer is back. For ourFriday Chat, that's Dean Sharpe. This
week's topic is Closets, clutter andconcealing our stuff from view. Dean has
some pro tips on not only howand where to closet, but what and
(12:20):
how to toss things out. Acouple of quick stories before we get over
to Caleb Silver and talk about theweek's economic news. Relatives of the people
in Riverside killed by a cop fromVirginia are suing those who initially hired him.
Austin Lee Edwards posed as a seventeenyear old when he catfished a fifteen
year old girl online. He wasactually a twenty eight year old deputy in
(12:41):
Virginia. In November of last year. Police say Edwards drove from Virginia to
Riverside and kidnapped the girl, thenkilled her mother and grandparents before setting their
home on fire. Later that day, Edwards killed himself. The Virginia State
Police hired Edwards and admitted they didnot properly investigate him during the hiring process,
especially with his unstable mental health history. Steve Gregory Caofine Knows Knotsberry Farm
(13:03):
is updating its Fiesta Village. Thatpart of the park is getting new rides,
food stations, and entertainment this month. It'll also have a more defined
Mexican theme, including mariachi's and folkloricodancers. The parks Montezuma's Revenge Ride,
which has been around since nineteen seventyeight, will become Montezuma the Forbidden Fortress.
(13:24):
Park officials say riders will have towait a little longer for that unveiling.
Police in Palm Springs say they've seena rise in pool, pump and
heater thefts. They say they're lookingfor two men accused of stealing pool equipment
earlier this month. Officials recommend ownersinstall anti theft cages, surveillance cameras,
and GPS tracking devices to protect theirproperty. Just doing some initial research on
(13:50):
these items, they are not cheapby any stretch. The first of its
kind, vertical farm has planted rootsin Compton to produce three in fifty times
more leafy greens per acre than atraditional farm. It's like taking the field
and folding it up many many timesand swishing it into a room. Plenty
co founder Nate Story says the farmuses five percent of the water of a
(14:11):
normal farm planting them in trays fortransplanting them with robots. Plenty ceo ar
Mkukatai says the farm produces four pointfive million pounds of leafy greens each year,
going from like a little transplant untoa full hit of lettuce and five
to seven dice twenty five times fossilthat outside Compton Mayor and Msterif says,
best of all the people, that'shard now comes from them at Plenty Compton
(14:33):
Farm. Corbin Carson ko Fine News, welcome back to your wake up call.
Right now. Let's welcome Caleb Silver. He's on the live line,
ABC News contributor, editor in chiefat investopedia dot com. Okay, Caleb,
welcome back. Good always have youwell, always good, always good
to have you. I guess Ishould. We're getting macroeconomic with Caleb right
(14:54):
now. Okay. We had someheadline numbers this week, Unemployment, some
sticky inflation. Let's start with howthough, what are you seeing on the
housing price front? A continued declinein housing prices. We have the biggest
year over year price decline since Januaryof twenty twelve. When you look at
the month of April, medium pricesdown down six percent across the country to
around three hundred and eighty eight thousanddollars in your area, of course,
(15:16):
a lot more expensive one point onemillion for the median home price in Los
Angeles. That's one of the fewcounties in the few areas where we've seen
housing prices increase. That's always thecase. In year zone, they're up
to ten point six percent year ofhere. But across the country you've seen
these rising mortgage rates really create demanddestruction. We've had thirteen or fourteen months
with lower housing prices, lower sales, and lower building permits. So you've
(15:37):
seen the effects of the FEDS interestrate heights right in the middle of the
housing market. Okay, you mentioneddemand destruction right there. Are we getting
closer to equilibrium with supply and demandwith housing? Not really, because think
about the homeowners that are holding ontotheir homes at very low interest rates,
they're not incentivized to sell right nowbecause they're going to have to go out
and get a new mortgage at thesesix six and a half percent rate.
(16:00):
So if you're locked into a mortgageat a very low rate and you own
your home, you have equity,you don't really feel like selling right now
to go out in there and look, because supply is super tight and prices,
especially in your area, are veryhigh still, So it's not a
great move to sell if you don'thave to. Yeah, that's a good
point. Let's stay with real estate, and I'd like to move to commercial
real estate real quick. I don'tthink it was on our tip sheet,
but it's globally speaking, by mostmeasurements, it's the largest single asset class,
(16:25):
and it's in kind of its ownmini recession within the category. Is
that enough to tip us into arecession later this year as far as American
recessions go? Or are we stilllooking at a possible soft landing? Yeah?
Potentially. Remember there's a ton ofcommercial real estate that's still vacant,
that's been vacant since the pandemic.A lot of it hasn't really come back
at all. But think about theloans that underwrite a lot of that commercial
(16:48):
real estate. We talked about thebanking issues, the problems the banks were
having because they own a lot oftreasury bonds. Well, now they also
own a lot of loans against commercialreal estate, so that could impact liquidity
and that could reduce lending among banks. Another thing that could push us into
a recession. But the key thingto watch is consumer spending. If we
stopped spending as consumers, we pullway back. Because we're worried about a
recession that could tip the economy intoa recession that could last for quite a
(17:11):
while. On we have twenty secondswith you. What about the unemployment rate
this week? Yeah, we're seeingWe're continue to see mounting weekly jobless claims.
This week was a little bit softerthan the past few weeks. The
trend has been higher. But westill have a lot of jobs available in
America about one point six for everyavailable worker out there, so there's still
plenty of jobs. They're just inkey sectors. But you're seeing mounting layoffs
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in tech, mounting layoffs in media, and mounting layouts in retail. So
you want to keep our eyes onthose that feed would like to see that
unemployment rate up above four percent.We're down at three point five percent right
now. So Caleb, thanks alot for the flyover. Macroeconomically speaking,
Thank you. That's Caleb Silver.He's ABC News contributor and editor in chief
at Investopedia. Let's get back tosome of the stories coming out of the
(17:53):
KFI twenty four our newsroom. Anartificial intelligence lab in San Francisco has announced
a new version of chat GPT forthe iPhone. Developers say it will allow
users to get instant answers without adsor sifting through results, tailored advice and
professional input like feedback on ideas maybecs. Andrea Fujii says the open AI Chat
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Bought app is part of an effortto transform research into tools that empower people.
The app is free for iPhone users, developers say will be available to
Android users very soon. Huntington Beachis planning to crack down on its public
nudity policy. No ifs ands orbut so much of this is just common
(18:36):
sense. The settlement will come.So much of this is just common sense.
Hunting to Beat spokeswoman Jennifer Cary saysthe city has not received any complaints
to prompt changing the existing ordinance.What we are proposing adding is public facilities
such as community centers and libraries,and certain restrictions to other body parts that
weren't currently included, which some callthe plumber's crack. Finds rains from one
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twenty five to six hundred dollars anda potential misdemeanor for those who continue to
let it all hang out. Breastfeedingis exempted. A vote is planned for
next month in Orange County, CorbinCarson, k if I News Hunday and
Kia have settled a class action lawsuitwith customers over the thefts of their vehicles.
The settlement will cover some nine millionHunday and Kia vehicles made between two
(19:21):
eleven and twenty twenty two that lackanti theft controls. ABC's Michelle Franzen says
videos on social media called the KiaChallenge showed people exactly how to use everyday
tools to start the cars and driveaway. The automakers agreed to reimburse customers
who had their cars stolen and covereddamages not paid by insurance. Unday and
(19:44):
Kia also agreed to pay for antitheft devices like steering wheel locks, alarm
kits, and software. Upgrades.Seven people have been killed in a multi
car crash on the I five inOregon. Police say others were hurt.
Oregon State Police say two semi trucksand a passenger van were involved in the
crash last night. A witness saysthe van was crushed between the trucks.
(20:04):
The cause of the crash is underinvestigation. The man accused of fatally stabbing
Cash App founder Bob Lee in SanFrancisco has pleaded not guilty to murder.
The judge yesterday ruled Nima Momeni willremain in custody. We are very pleased
with that, as we did,of course, have a significant public safety
(20:25):
concern regarding the possibility of him beingreleased. DA Brooke Jenkins says Momeni is
a flight risk, but many isaccused of fatally stabbing Lee last month after
an argument about Momeni's sister. He'sfacing twenty six years to life in prison.
Twelve countries are facing financial collapse frombeing in debt to China. The
(20:47):
list of countries most in debt includesPakistan, Kenya, Zambia, and Mongolia.
The countries collectively owe hundreds of billionsof dollars to the world's largest government
lender. The Associated Press says thedebt payments are larger than tax revenue needed
to provide basic services. The countriesare draining foreign currency reserves to pay the
loans, and some will run outof money within months. The Republican House
(21:11):
Freedom Caucus here in the United Statesis calling for it no further discussion on
the debt ceiling until the Senate approvesa GOP bill that ties any increase to
spending cuts. Democratic Senate Majority LeaderChuck Schumer, he says the GOP bill
is dead on arrival. Republican HouseSpeaker Kevin McCarthy told reporters yesterday that he
(21:33):
sees a path forward toward a dealas negotiators from his staff and from the
White House continue to hold meetings today. Congress needs to raise the limit as
soon as June first to avoid apotential default. Right now, on wake
up call, it's Dean sharp kopisin your house, whisperer. Welcome back,
Dean. Good to hear you andsee you on the radio. Doctor
Middleton, how are you doing thesesegments? Did I hear you quote Plato
(22:00):
earlier today? You did? Yeah? Thank you, Thank you for listening.
By the way, I hope youhave a meter at home. Yes,
I did, because it just kindof came up. We're talking about
AI skill sets and stuff like that, and empathy came up, and it
just reminded me of something Plato's wroteabout it. I love that quote.
I love it. I love thatyou pulled it out. Look, these
segments fly by, so I wantto get into it with you. The
(22:21):
topic this week is closets. Soclosets are physical, but they do have
an emotional and mental rep to them. So where do you want to start
with? You want to start withclutter? And do you want to start
with just closets overall? You know, I mean we should always start with
clutter, because clutter is the problemwhen it comes to closets. It's the
thing that if you skip over it, you're gonna endlessly find yourself trying to,
(22:44):
you know, saying what everybody says, which is I don't have enough
closet space in my house, whichis only true of just a few houses
out there. In fact, Iwould say in Los Angeles, the older
the house that you have, likelythe less closet space you have. Houses
that were built in the night twenties, in the nineteen thirties kind of pre
World War Two. Admittedly, bytwenty first century standards have very very little
(23:07):
closet space. And that's because peoplebefore World War Two had very very little
stuff compared to what we've got today. And that really is the issue.
We have so much stuff. AndI don't care what your income level is.
If you live in southern California andyou're not homeless, then likely you
experience the same thing that the restof us experience, which is you just
(23:30):
go out into the world and youcome back home and stuff is attached to
you. I mean, you justbring home stuff. We all have too
much stuff. And I don't haveany issue with long term storage of stuff.
You know, some people have definitelya problem with that, and we're
going to get into that this weekendsome see if we can help. My
(23:51):
issue is this, when it comesto your home, inside your house closets,
and here's the life changing advice I'mgoing to hand you this morning to
redefine what a closet is. Acloset, if it's being used appropriately in
your home, is not not along term storage area. A closet,
(24:11):
when done properly, is a temporarystaging area for frequently accessed items. There
you go. That is a that'sa very good rejiggering of the dynamic.
When it comes to thinking about closets, I mean, okay, the pantry
is different, right, a largerWe talked about largers a couple of weeks
(24:33):
ago, I think, and that'sa different thing. But okay, so
closets in my bedroom, walk insand things like that, that needs to
be stuff that I'm going to beusing on the rag. It really does.
I mean, it really should be, because otherwise you're wasting space inside
your house. It's that useful area. It's that staging area for stuff that
you're onto a lot. And that'swhy a lot of people should go through
their closets and you know, dothe various tests, right say, you
(24:55):
know, I am I wearily wearingthese clothes? Should I hang on to
the what if? Clothes inside mycloset? And one of the piece of
advice I always give about closets isfinish that sentence. Finish the what if
sentence. Don't just stop at whoawhoa what if? No? No,
no, finish that out. Well, what if there is a blizzard here
in La Okay, all right right, finish it out, let yourself hear
(25:21):
what you're saying, and then eithergo put that thing out in the garage
or donate it to goodwill. Someof the things you have cleared out,
some of the things you have canfind an aftermarket use, right, Like
I have, I have built inns. I have nieces in their mid teens,
and so some of the older clothesI have in my closets are like
this is cool again. I'm like, okay, well there you go have
it. Well, oh my gosh, yeah. Yeah. If we were
to transform ourselves into kind of ayou know, see ourselves not just as
(25:45):
people who need to cling on tothings. And I get that, by
the way, that's built into ourDNA, you know, I mean,
our hunter gatherer ancestors survived on hangingonto things. But it's just the fact
that you know, we're not hangingonto life essential. So if we were
to transition ourselves as to into youknow, a giving culture, a donating
culture, then things would be alot easier. At home. We've trimmed
(26:07):
down our material load, we stillneed some closets, right, Let's say
we do need some extra storage.We've we've delineated, we prioritized what are
the next steps now? Now,the next step is taking a stock of
the size of your home and figuringout, Okay, what's the closet that
is best for me, and understandingthis. Yeah, yeah, everybody wants
(26:32):
the big walking closet. And ifyou've got a big enough home to accommodate
a walk in closet, I meana real walking closet, hey, go
for it. It's a luxury,it's lovely, it's it's fun. The
problem is that everybody so wants awalking closet, and a walking closet just
like a walk in pantry, justlike the larder that we were talking about.
(26:55):
The least efficient use of space becausethe majority of the square foe inside
a walk in closet has nothing todo with its storage capacity, has to
do with the fact that your bodyis going to be inside the closet.
Okay, that's the majority of thesquare footage is the walk in part.
And so the most efficient kind ofcloset is what everybody knows as the reach
(27:17):
in closets, only twenty four inchesdeep. It's got doors across the front,
whether they're sliders or bifolds or trifolds. Or whatever, and it's the
closet that only holds the clothes andnot you. And so to maximize the
design, if you're remodeling your houseand you've already if you are already square
foot challenged, then you know what, let go of the walk in idea
(27:41):
and give yourself the kind of closetspace that your house can accommodate. Okay,
maximize efficiency and utility within the closet. I am a little jealous of
something you have on the prep sheethere, and that's the top hanging Can
you describe what that is? Thatsystem? Yeah, you shouldn't be jealous
of that at all, because it'sactually one of the more economical ways to
(28:02):
build a clout, my personal favorite, and regardless again of the economic level
of the house. A top hangingcloset system is what we call a modular
closet system. Imagine just a closetspace empty. And now what we're gonna
do is we're gonna take this metalbracket. It's got a hook on the
bottom of it, a long runningstanding seam hook, and we're gonna mount
(28:26):
that metal bracket all the way upat the top right at the ceiling line.
By doing that you know what's alsoup there right at the ceiling line,
right behind the drywall, the topplate of the wall. In other
words, continuous wood. It meansthat when we put a screw in that
top plate, every fourteen inches orso, we hit wood every time.
(28:48):
That makes that top hanging bracket incrediblystrong. I mean literally can hold a
ton. And then off of thattop bracket, these stanchions come down that
hook into it and they just freehang. And it's the stanchions that hold
everything from brackets for shelves, bracketsfor poles for hanging clothes, shoe shelves,
(29:12):
drawers, everything imaginable now. Quitea few years ago, when these
first came out, I was anearly adopter. We had to kind of
work with the wire the you know, the the rubber covered wire stuff,
because Rubber makes these. Kitchen Maidemakes these. But nowadays you can go
down to the container store and takea look at the Alpha system ELFA and
(29:37):
you will find the evolution of thesesystems. They're sexy. Uh. They
can install d Y in less thana day. I mean really, you
can install these no matter what yourlevel of competency. And the nice thing
is they can also so easily modulateand adjust, meaning that you know your
(29:59):
home evolved, your closet should evolvewith you. So you can go two
years down the road and say,you know what we really need double hanging
here, and you know, justfor a few more bucks, one more
bracket or two, you can getin there and change it up and give
yourself whatever else or whatever new thatyou need outstanding stuff. Look forward to
(30:19):
this weekend show, Dean Will you'regoing to dive deeper into this, I
assume over the week. Absolutely,we're talking closets and laundry rooms this weekend.
These back behind the scene rooms thatmake a house work. Must listen
radio. Thanks a lot for yourtime this morning, Dean. I'll be
tuning in Saturday. Thank you.Jason. That's kfi's house wish. We're
Dean sharp Man. That guys manlearned so much every week. The House
(30:41):
Freedom Caucus is calling for no furtherdiscussion on raising the federal debt ceiling until
the Senate approves a bill passed byRepublicans that ties any increase to spending cuts.
Senate Majority Leader Chuck Schumer calls thebill d o A. Texas has
found a new destination for illegal immigrantswho have been processed and released by the
(31:03):
Border Patrol. Yesterday, a busloadof asylum seekers was dropped off in Denver.
The Mile High City now joins Washington, d C, New York,
Chicago, and Philadelphia as Texas migrantdrop off points. Space X is launching
more satellites into orbit. A Falconnine rocket blasted off from Cape Canaveral around
(31:25):
eleven twenty hour time last night.The rocket was carrying twenty two second generation
Starlink satellites into low Earth orbit fivefifty one and a half. On your
wake up Call, ABC entertainment reporterRacontour cultural expert Jason Nathanson is with us
to tee up our options for theweekend. Good morning, Jason, Hey,
(31:47):
good morning, Fast and Furious tenfilmed in Rome. Okay, we
talked about this briefly last week.Did it pass up a chance for a
mashup with that Jane Fonda film inRome? Or can it stand on its
own? Well, there's gonna bean eleventh and a twelfth film coming,
so it's possible that we could seesome kind of mashup coming in the future,
although it didn't happen in this one. So if you were hoping to
(32:07):
see Jane Fonda and Mary Stein virginand Kandice Bergen and Diane Keaton show up
in this Fast ten film, that'snot going to happen. So sorry,
we all were we all were lookingforward to. Okay, so it can
stand on its own. Is itfast? Is it furious? Uh?
Sure? It is the tenth filmin the franchise. After you know,
(32:29):
I feel like we've seen them doeverything that the last movie they went to
space in a car. I mean, I don't know, really know how
you top that? They try hereby you know, they're blowing up Rome,
They're back in Brazil. They're allover the place doing all the things
that they you know, they areknown to do with cars and things like
that. You have Vin Diesel,Michelle Rodriguez, Charlie's Tharren all back,
(32:52):
Jason Momoa. He joins the franchiseas the new bad guy. Easily my
favorite part of the film. He'shaving a lot of fun, while on
the other hand, you have VinDiesel, who just takes things way too
seriously. He's not having any funat all. Bree Larson also joins as
a new special agent. She's justkind of on the edge of being interesting.
(33:13):
She's almost there. They just don'tgive her quite enough to do the
film itself. As we've come toexpect from these movies, it's wildly silly.
There are huge plot holes that doesn'tseem to matter. It's all about
kind of having fun and blowing stuffup, and they do that. You
know, if you go and seethis on a Friday night in a packed
theater, I think you're gonna havefun. The audience is gonna, you
(33:36):
know, go crazy and laugh atthings that are just really stupid that happened.
If you saw this on a Wednesdayafternoon by yourself, I think you
would be less. You would enjoyit a lot less. I'm gonna come
back to that seeing stuff by yourselfinto just a second, real quick though,
Jason, how would you categorize filmslike this? Is this just?
(33:58):
Is this popcorn theater? Is exploitAsian films that kind of thing. Yeah,
it's It's just it's popcorn action movie. And you know, I think
at this point nobody's going into thisexpecting an Oscar Worthy uh plot or performance
or you know, screenwriting or anythinglike that. Um, So, as
long as you keep your expectations incheck. I think there's enough here to
actually have fun with. Um.You know, I saw it in the
(34:21):
theater packed full of people, andpeople were were you know, screaming when
it was appropriate and you know,and also just laughing at the sheer stupidity
of some of it, which isfine, that's fun as well, right,
Um. And so I think again, you can have a good time
here if you're going to throw aproduction value against stupidity and have it a
(34:42):
scene by scene. Yeah, okay, I can I can follow that,
Yeah, sure absolutely. Um.You know, there's just it comes to
a point though, where things getso silly that it actually it works against
it. There's there's a whole thinghere where Vin Diesel's kid is kidnapped and
they're trying to get him back,and he's in of the cars and he's
actually firing the rockets that are blowingup the cars behind him. And when
(35:06):
you stop down, like it's kindof a cool action sequence, but when
you stopped down and think about it, this kid is actively killing people in
the cars behind him. Yeah,and he's very young, and that kind
of didn't sit well with me thatwhen you really think about it, it
just doesn't feel right, but youknow again, it's it's the sheer silliness
(35:27):
of the of the franchise that peoplehave come to love and expect. I
think back to Bend so I thinkhe saves his pathos for the grout character
and guardians. If we stay homeand stream, Apple Plus and Hulu both
have headlines, which one do youwant to start with? We could start
with Apple TV Plus because that's theone I've seen. I haven't seen White
Man Can't Jump, which is onHulu. But High Desert, which is
(35:50):
a new series on Apple TV Plusstarring Patricia Kett as a recovering addict too
somehow kind of improbably she just forcesher way into becoming a private investor getter
u which she has this knack.Her character has this knack for figuring things
out, and she's pretty funny inthis alongside Brad Garrett. The two of
them are good together. Uh,you have other Matt Dillon is in this
(36:13):
as well, Brenadette, Peter Peter. So you have a pretty good cast
here. But the the it's justkind of all over the place. And
she doesn't really she's she's just she'sdoing a lot here. Patrici Arquette,
which sometimes I like, sometimes Idon't like. UM. And so the
series itself. After watching a coupleepisodes, it's okay, but it just
didn't really speak to me. I'venot said I've not seen it. You
(36:35):
said, she the character figures thingsout. It sounds like a conceit out
of poker Face, similar kind ofstory thread. Um, not quite as
far. Not it doesn't go asfar as Natasha Leon's character. Okay,
very cool. I wanted to askyou about these monthly passes to theaters.
I recently signed up for one.I believe it's regal UM, and I
sometimes they do see movies because Ihad this odd working schedule, right these
odd hours I can go to matinee'sand so I'm getting my value out of
(36:58):
it. Is this working for exhibitorsas a recurring revenue model? Um?
Look, they're throwing everything against thewall to see what sticks. UM.
They've and they've tried the various passesand stuff before. UM, and it's
worked with varying degrees of success.UM. There was one of a movie
pass that the completely shut down becauseit was just not a profitable business model
(37:22):
for movie pass itself. UM.They were they were selling an unlimited pass
to all a bunch of different theaters. The ones that are doing it on
their own, whether it's the AMCprogram or it's the regal program. Um,
they do see some some value inthose, um, you know,
because they're getting you in the door, right. Um. And then the
real money is, you know,in the concessions and things like that.
(37:45):
UM. So they're getting you inthe door for that and hopefully then up
selling you on some of the otherthings. UM. As far as a
breakdown of profitability, I'm not sure. UM. And I honestly, I
don't think enough people have them toreally make a big difference either way.
Okay, all right, I justknew that, you know, investors and
shareholders when they see recurring revenue monthlyrecurring revenue models, they tend to like
(38:07):
that a little bit. You know, they they can bet against it.
I was just wondering if it's catchingany any traction at all. ABC's Jason
Nathanson, right. There, alwaysa pleasure to speak with you every Friday.
I wish I could do it more, but I'm just gonna listen next
Friday because Jennifer's back. All Right. It sounds good take care. Thanks
Jason. Get back to some ofthe stories coming out of the KFI twenty
four hour newsroom before we get tohandle on the news. The National Labor
(38:28):
Relations Board has certified a unionization votefor strippers at a club in North Hollywood.
The dancers are now the only unionizedgroup of strippers in the US.
The Actors Equity Association labor union withdrewits opposition of the Star Garden topless dive
bar and agreed to recognize the Strippersunion for fifteen months. Dancers at the
(38:49):
club have demanded safer work conditions,pay increases, and health insurance. A
twelve year old boy has become theyoungest community graduate in California. Clovis hung
in Roll old at Fullerton College whenhe was nine. He says he was
inspired by a thirteen year old whograduated in twenty twenty Adulate. Clovis graduated
(39:09):
with five associate degrees and he hasa sixth plan for next year. He
says he was able to accomplish hisgoals because of support from his family,
professors, and classmates. President ofUkraine Vladimir Zleinski will appear at the G
seven summit in Japan in person reportedthis warning. He is expected to attend
meetings on Sunday, when he islikely to redouble his efforts to secure military
(39:32):
support, including F sixteen fighter jets, and promote his ten point piece plan
for ending the war. The leadersof the G seven as a reminders a
club of rich democracies. They're alsoexpected to unveil new sanctions and export controls
against Russia, including a ban onthat country's diamonds and diamond exports. Southern
(39:52):
California weather from KFI a mile daytemp wise across the Southland, a seasonal
morning fog and low clouds as thestunt comes up. Mostly sunny from mid
morning and the rest of today isat La and Oc beaches up to about
seventy. Clouds are gonna stick aroundlonger at the coastline and for near inland
spots, highs are going to bein the mid seventies, mostly sonny for
the inland valleys, high school rangebetween eighty in the eastern San Fernando Valley
(40:15):
to mid eighties in the San GabrielValley. Tonight partly cloudy in the evening,
than areas of low clouds in fogright now. Manhattan Beach is fifty
eight, Orange is fifty eight,Towards is fifty seven, and so is
Altadenam. We lead local live fromthe KFI twenty four our newsroom. I'm
Jason Middleton. This has been yourwake up Call, been my pleasure all
week. You've been listening to yourwake Up Call with me Jennifer Jones Lee,
(40:37):
and you can always hear wake UpCall five to six am Monday through
Friday at KFI AM six forty andanytime on demand on the iHeartRadio app
You're listening to Wake Up Call withJennifer Jones Lee on demand from K five
a M. Six forty. Goodmorning everybody, five o'clock Wake Up Call.
My name is Jason Middleton. Iam in for Jennifer Jones Lee.
She will be back on Monday.She's enjoying some livestock and other entertainment at
(00:24):
a rodeo in northern California, visitingsome family and friends. Hopefully having a
great week. Today is Friday,Yeah, Friday, May nineteenth. I
was looking at some facts this morning. I cover economics in business, and
twenty five percent is how big theshare of the global economy the United States
(00:49):
has. The US economy pumps outtwenty five percent of the global output,
as four percent of the world's populationnot entirely responsible with that output. I
think we play our hand in differentways, for sure. Producer and gives
me a trending note every morning,and this one stood out. Sinkhole in
(01:15):
Porter Ranch on the one eighteen isfinally fixed. It took a year of
repairs to get that sinkhole fixed.That was kind of a big I mean,
we're gonna get more and more ofthese. All that snow has to
melt has to go, someplace hasto move, some earth underneath it.
But it's Friday, we're gonna getthrough the headlines. We have a great
(01:36):
show lined up for you today.We have Jim Ryan talking about AI and
climate change and the kind of skillswe need into the twenty first century.
We're looking for jobs or careers.We're gonna look at macroeconomics with Caleb Silver
as well. Dean Sharp is back. It's Friday. We're gonna talk closets
with him, and of course we'regonna tee up the weekend entertainment with Jason
Nathanson for some headlines. Ukraine PresidentZelenski is expected to personally at the G
(02:00):
seven summit Sunday in Japan, askingfour weapons and to share his ten point
piece plan. Disney says changing businessconditions are forcing it to cancel plans for
a one billion dollar corporate campus inFlorida that was going to be the most
of the imagineering department, and theydidn't want to go anyway. And with
(02:23):
the political climate in Florida and thebusiness climate, they s decided not to
do it. The new CEO,or the re CEO, Bob Iger,
is not a huge fan of thatmove. The Lakers fell short against the
Nuggets last night in the Western ConferenceFinals. Game three is in La tomorrow.
Enough said about that. In justa few minutes, we'll talk with
ABC senior news correspondent Jim Ryan.Jim is one of the best at what
(02:45):
he does for a job, sowe're going to talk to him about which
jobs are the best to prep forin the coming years, years that are
going to be disrupted by artificial intelligenceand climate change. So we're gonna talk
about skill sets that we need.Let's start with some of the stories coming
out of the KFI twenty four hournewsroom. Some La County Sheriff's deputies could
lose their job if they refuse tobe questioned about so called deputy gangs.
(03:08):
The county's inspector general also threatened todecertify the deputies as peace officers that they
do not cooperate. Last week,emails went to thirty five deputies requesting they
submit to an inquiry about their knowledgeof the bandidos or executioners and to snitch
about other deputies. The emails weren'tmade public until this week, and KAFIN
News has seen the email. Italso instructs the deputies to provide photos of
(03:28):
any tattoos on their body, especiallyon their legs. The union representing the
deputies has told their members not toact on the email until consulting them at
Sheriff's headquarters. Steve Gregory k ifI News. LA Pride has dropped out
of the tenth annual Dodgers Pride Nightcelebration over the team uninviting a group called
the Sisters of Perpetual Indulgence. Theirinvitation was rescinded by the Dodgers this week
(03:51):
because of criticism from Catholic organizations.LA Pride says it's disappointed in the decision.
It says Pride as a fight forequality and inclusion for the entire LGBTQ
plus community. The HP says itwants the public to cool its engines ahead
of the new Fast and Furious movie. HP says it wants the public to
(04:13):
remember that what you see in Hollywoodis done by professional stunt drivers. The
HPS Jose Alatorre says it isn't onlywarning the drivers of street events. Simply
watching a sideshow as a crime,right so as a spectator if you're arrested
or cited you can spend up theninety days in jail. I have a
five hundred dollars fine. Your carcan be impounded, the HP said yesterday.
(04:35):
Street racing is dangerous to not onlydrivers and spectators, but also to
responding police officers. Chris Adler KFINews on the line with this ABC senior
reporter Jim Ryan. The World EconomicForum has a Jobs of the Future report.
It's going to predict fourteen million jobsare going to ghost in the next
five years. Good morning, Jim. Yeah, Well, the World Economic
(04:58):
Forum asked eight hundred companies around theworld, not just here in this country,
Jason, but around the world,and the Forum then came up with
a three hundred page report which looksat various careers, the ones that will
be hot, the skills that arerequired for those those positions, the ones
that will be in demand between nowand twenty twenty seven, which Trilier isn't
that far away. The word thatkeeps coming up is thinking. Analytical thinking,
(05:21):
critical thinking, creative thinking. Thoseare the skills that people will need
for these jobs of the future.And so, yeah, if you get
a kid in college or you're lookingat transitioning into a different career. You
need to know that it isn't somuch what you can do with your hands,
but what you can do with yourmind. It's kind of like having
a brand new toolbox and you wantto learn how to use it. Because
(05:43):
artificial intelligence is supposed to lift someof the mundane and routine off of jobs
and job expectations and leave us formore creative thinking. That's what it sounds
like to me. What's what's yourtake, Well, you're right and funny
you should mention that because the topspecialty, the top job going forward,
at least for the next few years, will be AI and machine learning specialists,
(06:05):
so people who design and build theartificial intelligence and then teach them to
be more human I suppose, orto act more like a person. Those
jobs will be growing by thirty ninepercent in number over the next four years.
So yeah, yeah, to artificialintelligence, it's not just something that's
theoretical, something that pops up nowand then. It's an actual career and
(06:27):
a growth career for a lot ofpeople. Jason. And with a lot
of these disruptions that come into theeconomy, the workflow, our lives,
society, there are their creations.Other jobs and created through this disruption,
right, So are we prepping forthose? Sure? Yeah. The second
most in demand job sustainability specialists.So somebody you're talking about the climate change
(06:49):
as a disruptor, certainly that's goingto be one that needs to be addressed
for the next four years, nextforty years, I suppose, So sustainability
specialists, people who design and buildsolar panels or wind turbines that sort of
thing, or or are in hydrosciences, those are the jobs that will also
be in demand. So yeah,you're right ed responding to those disruptions or
(07:12):
those unexpected events in the world,you know, Dutch, in our own
lives, but in the world's history. It's something that has to be dealt
with. Jim, you've read thisreport. You've read over the report.
I've read some of it. Ihaven't. I've just read the summary.
But it seems like you're talking abouthard skills. We are talking about hard
skills right there, and training.Seems like soft skills are becoming up and
up on the list. Empathy andactive listing is one of them. And
(07:34):
I just happy to remember from schoolthat Plato said empathy is the highest form
of knowledge, and so it seemslike we need to be a little more,
a little softer in our approach asthese hard tech comes at us.
Well, Ryan, yeah, andso it's as white collar jobs, you
know, continue to grow. Bluecollar jobs are kind of on the wane,
then those those soft skills, theones that you develop in interactions with
(07:56):
other people in an office or ina sales position or in a laboratory,
those will be important. So it'sanalytical thinking, it's a creative thinking good.
It's also dealing with other people.It's also being able to be conversant
about the technology we're dealing with.And I know we're talking a lot about
AI right now and artificial intelligence.Climate change is part of this too,
and it's going to come in withdifferent nomenclature and different definitions. So it
(08:20):
seems like literacy is important to bringit to the work. Oh, absolutely,
yeah, literacy, both the traditionalsense and literacy in terms of changing
technologies. I'm surprised to see though, that among this top ten listing of
positions or careers that show growth potentialover the coming years. Again according to
the World Economic Forum, in ninthplace, agricultural equipment operators. So while
(08:43):
folks are sitting around thinking up anddreaming up robots and artificial intelligence. Somebody
has to feed those people, andthat's where you get a thirty percent growth
in the number of agricultural equipment operators. So for the next four years,
you said that wouldn't surprised you asa up question, anything else on that
list that kind of stood out foryou. You maybe a job listing you
(09:05):
didn't expect to see there, ora skill set that we might want to
be up skilling for or prepping for, well, robotics engineers. I mean,
that's that goes without saying, Ithink, and it all kind of
goes into this tech field. Ithink the most surprising was this farm equipment
operators, but the rest of themhave things in common, and that is
this this sense of creativity, thesense of analysis and ability to work within
(09:28):
structures. Fintech engineers are another bigcareer growing out there, and so yeah,
it's sort of like building, operatingand then dealing with the consequences of
technology because the information security analysts arewe going to be in demand. Those
folks who handle cybersecurity questions very cool. ABC's Jim Ryan always a pleasure to
speak with you. I've got youtwice this week. I'm the lucky one.
(09:50):
Thanks a lot, thanks Jason.ABC's Jim Ryan. There, let's
get a couple more headlines before wego to the break out of the KFI
twenty four hour news room. Aseven point seven magnitude quake has been detected
in the Far Pacific. The USGeological Survey says the quake yesterday was near
the Loyalty Islands that's southwest of Fiji, north of New Zealand, and east
(10:11):
of Australia. A tsunami was forecastfor Vandawatu, which saw a small tsunami
with waves two feet above tide level. Smaller waves were forecast for Fiji and
New Zealand. I live in theeastern part of la and I swear during
the second quarter last night of theLakers game, I felled an earthquake.
I haven't checked this morning, soI'm going to check my quake watch.
The Invisible House has been put upfor sale in Joshua Tree. The house
(10:33):
isn't actually invisible, but that's whatit's called because it's mirrored, which creates
the illusion. It disappears into thedesert landscape from the inside. Those walls
of mirrored glass deliver panoramic views stepsaway from Joshua Tree National Park. It's
been used as an Airbnb and isnow listed as one of Airbnb's most wish
listed homes for twenty twenty three.The fifty five hundred square foot minimal is
(10:54):
home with three bedrooms, four bathrooms, and a one hundred foot indoor pool,
is listed for eighteen million dollars,the most expensive listing ever in Joshua
Tree. Amy King KFI News,the pictures of that house are amazing.
La City Council is officially adopting athirteen billion dollar budget for the upcoming fiscal
year. The budget is highlighted byan unprecedented one point three billion dollar investment
(11:18):
toward finding homelessness. This is goingto be leading bill handle on the news.
In about an hour, a groupof drivers for the Orange County Transportation
Authority will end their strike and returnto work on Monday. The employees who
drive disabled computers had been on strikesince May the third. A motorcycle rider
(11:39):
is behind bars after leading police ona nearly hour long chase through the West
San Fernando Valley. Police say theman was waving a gun from his home
balcony next to Shamanad High School yesterdayafternoon, prompting the cancelation of the school's
baseball game. He then took offon his motorcycle and police set up a
(12:00):
perimeter near his home and captured himat five thirty five. Yeah, the
house Whisperer is back. For ourFriday Chat, that's Dean Sharpe. This
week's topic is Closets, clutter andconcealing our stuff from view. Dean has
some pro tips on not only howand where to closet, but what and
(12:20):
how to toss things out. Acouple of quick stories before we get over
to Caleb Silver and talk about theweek's economic news. Relatives of the people
in Riverside killed by a cop fromVirginia are suing those who initially hired him.
Austin Lee Edwards posed as a seventeenyear old when he catfished a fifteen
year old girl online. He wasactually a twenty eight year old deputy in
(12:41):
Virginia. In November of last year. Police say Edwards drove from Virginia to
Riverside and kidnapped the girl, thenkilled her mother and grandparents before setting their
home on fire. Later that day, Edwards killed himself. The Virginia State
Police hired Edwards and admitted they didnot properly investigate him during the hiring process,
especially with his unstable mental health history. Steve Gregory Caofine Knows Knotsberry Farm
(13:03):
is updating its Fiesta Village. Thatpart of the park is getting new rides,
food stations, and entertainment this month. It'll also have a more defined
Mexican theme, including mariachi's and folkloricodancers. The parks Montezuma's Revenge Ride,
which has been around since nineteen seventyeight, will become Montezuma the Forbidden Fortress.
(13:24):
Park officials say riders will have towait a little longer for that unveiling.
Police in Palm Springs say they've seena rise in pool, pump and
heater thefts. They say they're lookingfor two men accused of stealing pool equipment
earlier this month. Officials recommend ownersinstall anti theft cages, surveillance cameras,
and GPS tracking devices to protect theirproperty. Just doing some initial research on
(13:50):
these items, they are not cheapby any stretch. The first of its
kind, vertical farm has planted rootsin Compton to produce three in fifty times
more leafy greens per acre than atraditional farm. It's like taking the field
and folding it up many many timesand swishing it into a room. Plenty
co founder Nate Story says the farmuses five percent of the water of a
(14:11):
normal farm planting them in trays fortransplanting them with robots. Plenty ceo ar
Mkukatai says the farm produces four pointfive million pounds of leafy greens each year,
going from like a little transplant untoa full hit of lettuce and five
to seven dice twenty five times fossilthat outside Compton Mayor and Msterif says,
best of all the people, that'shard now comes from them at Plenty Compton
(14:33):
Farm. Corbin Carson ko Fine News, welcome back to your wake up call.
Right now. Let's welcome Caleb Silver. He's on the live line,
ABC News contributor, editor in chiefat investopedia dot com. Okay, Caleb,
welcome back. Good always have youwell, always good, always good
to have you. I guess Ishould. We're getting macroeconomic with Caleb right
(14:54):
now. Okay. We had someheadline numbers this week, Unemployment, some
sticky inflation. Let's start with howthough, what are you seeing on the
housing price front? A continued declinein housing prices. We have the biggest
year over year price decline since Januaryof twenty twelve. When you look at
the month of April, medium pricesdown down six percent across the country to
around three hundred and eighty eight thousanddollars in your area, of course,
(15:16):
a lot more expensive one point onemillion for the median home price in Los
Angeles. That's one of the fewcounties in the few areas where we've seen
housing prices increase. That's always thecase. In year zone, they're up
to ten point six percent year ofhere. But across the country you've seen
these rising mortgage rates really create demanddestruction. We've had thirteen or fourteen months
with lower housing prices, lower sales, and lower building permits. So you've
(15:37):
seen the effects of the FEDS interestrate heights right in the middle of the
housing market. Okay, you mentioneddemand destruction right there. Are we getting
closer to equilibrium with supply and demandwith housing? Not really, because think
about the homeowners that are holding ontotheir homes at very low interest rates,
they're not incentivized to sell right nowbecause they're going to have to go out
and get a new mortgage at thesesix six and a half percent rate.
(16:00):
So if you're locked into a mortgageat a very low rate and you own
your home, you have equity,you don't really feel like selling right now
to go out in there and look, because supply is super tight and prices,
especially in your area, are veryhigh still, So it's not a
great move to sell if you don'thave to. Yeah, that's a good
point. Let's stay with real estate, and I'd like to move to commercial
real estate real quick. I don'tthink it was on our tip sheet,
but it's globally speaking, by mostmeasurements, it's the largest single asset class,
(16:25):
and it's in kind of its ownmini recession within the category. Is
that enough to tip us into arecession later this year as far as American
recessions go? Or are we stilllooking at a possible soft landing? Yeah?
Potentially. Remember there's a ton ofcommercial real estate that's still vacant,
that's been vacant since the pandemic.A lot of it hasn't really come back
at all. But think about theloans that underwrite a lot of that commercial
(16:48):
real estate. We talked about thebanking issues, the problems the banks were
having because they own a lot oftreasury bonds. Well, now they also
own a lot of loans against commercialreal estate, so that could impact liquidity
and that could reduce lending among banks. Another thing that could push us into
a recession. But the key thingto watch is consumer spending. If we
stopped spending as consumers, we pullway back. Because we're worried about a
recession that could tip the economy intoa recession that could last for quite a
(17:11):
while. On we have twenty secondswith you. What about the unemployment rate
this week? Yeah, we're seeingWe're continue to see mounting weekly jobless claims.
This week was a little bit softerthan the past few weeks. The
trend has been higher. But westill have a lot of jobs available in
America about one point six for everyavailable worker out there, so there's still
plenty of jobs. They're just inkey sectors. But you're seeing mounting layoffs
(17:32):
in tech, mounting layoffs in media, and mounting layouts in retail. So
you want to keep our eyes onthose that feed would like to see that
unemployment rate up above four percent.We're down at three point five percent right
now. So Caleb, thanks alot for the flyover. Macroeconomically speaking,
Thank you. That's Caleb Silver.He's ABC News contributor and editor in chief
at Investopedia. Let's get back tosome of the stories coming out of the
(17:53):
KFI twenty four our newsroom. Anartificial intelligence lab in San Francisco has announced
a new version of chat GPT forthe iPhone. Developers say it will allow
users to get instant answers without adsor sifting through results, tailored advice and
professional input like feedback on ideas maybecs. Andrea Fujii says the open AI Chat
(18:15):
Bought app is part of an effortto transform research into tools that empower people.
The app is free for iPhone users, developers say will be available to
Android users very soon. Huntington Beachis planning to crack down on its public
nudity policy. No ifs ands orbut so much of this is just common
(18:36):
sense. The settlement will come.So much of this is just common sense.
Hunting to Beat spokeswoman Jennifer Cary saysthe city has not received any complaints
to prompt changing the existing ordinance.What we are proposing adding is public facilities
such as community centers and libraries,and certain restrictions to other body parts that
weren't currently included, which some callthe plumber's crack. Finds rains from one
(19:00):
twenty five to six hundred dollars anda potential misdemeanor for those who continue to
let it all hang out. Breastfeedingis exempted. A vote is planned for
next month in Orange County, CorbinCarson, k if I News Hunday and
Kia have settled a class action lawsuitwith customers over the thefts of their vehicles.
The settlement will cover some nine millionHunday and Kia vehicles made between two
(19:21):
eleven and twenty twenty two that lackanti theft controls. ABC's Michelle Franzen says
videos on social media called the KiaChallenge showed people exactly how to use everyday
tools to start the cars and driveaway. The automakers agreed to reimburse customers
who had their cars stolen and covereddamages not paid by insurance. Unday and
(19:44):
Kia also agreed to pay for antitheft devices like steering wheel locks, alarm
kits, and software. Upgrades.Seven people have been killed in a multi
car crash on the I five inOregon. Police say others were hurt.
Oregon State Police say two semi trucksand a passenger van were involved in the
crash last night. A witness saysthe van was crushed between the trucks.
(20:04):
The cause of the crash is underinvestigation. The man accused of fatally stabbing
Cash App founder Bob Lee in SanFrancisco has pleaded not guilty to murder.
The judge yesterday ruled Nima Momeni willremain in custody. We are very pleased
with that, as we did,of course, have a significant public safety
(20:25):
concern regarding the possibility of him beingreleased. DA Brooke Jenkins says Momeni is
a flight risk, but many isaccused of fatally stabbing Lee last month after
an argument about Momeni's sister. He'sfacing twenty six years to life in prison.
Twelve countries are facing financial collapse frombeing in debt to China. The
(20:47):
list of countries most in debt includesPakistan, Kenya, Zambia, and Mongolia.
The countries collectively owe hundreds of billionsof dollars to the world's largest government
lender. The Associated Press says thedebt payments are larger than tax revenue needed
to provide basic services. The countriesare draining foreign currency reserves to pay the
loans, and some will run outof money within months. The Republican House
(21:11):
Freedom Caucus here in the United Statesis calling for it no further discussion on
the debt ceiling until the Senate approvesa GOP bill that ties any increase to
spending cuts. Democratic Senate Majority LeaderChuck Schumer, he says the GOP bill
is dead on arrival. Republican HouseSpeaker Kevin McCarthy told reporters yesterday that he
(21:33):
sees a path forward toward a dealas negotiators from his staff and from the
White House continue to hold meetings today. Congress needs to raise the limit as
soon as June first to avoid apotential default. Right now, on wake
up call, it's Dean sharp kopisin your house, whisperer. Welcome back,
Dean. Good to hear you andsee you on the radio. Doctor
Middleton, how are you doing thesesegments? Did I hear you quote Plato
(22:00):
earlier today? You did? Yeah? Thank you, Thank you for listening.
By the way, I hope youhave a meter at home. Yes,
I did, because it just kindof came up. We're talking about
AI skill sets and stuff like that, and empathy came up, and it
just reminded me of something Plato's wroteabout it. I love that quote.
I love it. I love thatyou pulled it out. Look, these
segments fly by, so I wantto get into it with you. The
(22:21):
topic this week is closets. Soclosets are physical, but they do have
an emotional and mental rep to them. So where do you want to start
with? You want to start withclutter? And do you want to start
with just closets overall? You know, I mean we should always start with
clutter, because clutter is the problemwhen it comes to closets. It's the
thing that if you skip over it, you're gonna endlessly find yourself trying to,
(22:44):
you know, saying what everybody says, which is I don't have enough
closet space in my house, whichis only true of just a few houses
out there. In fact, Iwould say in Los Angeles, the older
the house that you have, likelythe less closet space you have. Houses
that were built in the night twenties, in the nineteen thirties kind of pre
World War Two. Admittedly, bytwenty first century standards have very very little
(23:07):
closet space. And that's because peoplebefore World War Two had very very little
stuff compared to what we've got today. And that really is the issue.
We have so much stuff. AndI don't care what your income level is.
If you live in southern California andyou're not homeless, then likely you
experience the same thing that the restof us experience, which is you just
(23:30):
go out into the world and youcome back home and stuff is attached to
you. I mean, you justbring home stuff. We all have too
much stuff. And I don't haveany issue with long term storage of stuff.
You know, some people have definitelya problem with that, and we're
going to get into that this weekendsome see if we can help. My
(23:51):
issue is this, when it comesto your home, inside your house closets,
and here's the life changing advice I'mgoing to hand you this morning to
redefine what a closet is. Acloset, if it's being used appropriately in
your home, is not not along term storage area. A closet,
(24:11):
when done properly, is a temporarystaging area for frequently accessed items. There
you go. That is a that'sa very good rejiggering of the dynamic.
When it comes to thinking about closets, I mean, okay, the pantry
is different, right, a largerWe talked about largers a couple of weeks
(24:33):
ago, I think, and that'sa different thing. But okay, so
closets in my bedroom, walk insand things like that, that needs to
be stuff that I'm going to beusing on the rag. It really does.
I mean, it really should be, because otherwise you're wasting space inside
your house. It's that useful area. It's that staging area for stuff that
you're onto a lot. And that'swhy a lot of people should go through
their closets and you know, dothe various tests, right say, you
(24:55):
know, I am I wearily wearingthese clothes? Should I hang on to
the what if? Clothes inside mycloset? And one of the piece of
advice I always give about closets isfinish that sentence. Finish the what if
sentence. Don't just stop at whoawhoa what if? No? No,
no, finish that out. Well, what if there is a blizzard here
in La Okay, all right right, finish it out, let yourself hear
(25:21):
what you're saying, and then eithergo put that thing out in the garage
or donate it to goodwill. Someof the things you have cleared out,
some of the things you have canfind an aftermarket use, right, Like
I have, I have built inns. I have nieces in their mid teens,
and so some of the older clothesI have in my closets are like
this is cool again. I'm like, okay, well there you go have
it. Well, oh my gosh, yeah. Yeah. If we were
to transform ourselves into kind of ayou know, see ourselves not just as
(25:45):
people who need to cling on tothings. And I get that, by
the way, that's built into ourDNA, you know, I mean,
our hunter gatherer ancestors survived on hangingonto things. But it's just the fact
that you know, we're not hangingonto life essential. So if we were
to transition ourselves as to into youknow, a giving culture, a donating
culture, then things would be alot easier. At home. We've trimmed
(26:07):
down our material load, we stillneed some closets, right, Let's say
we do need some extra storage.We've we've delineated, we prioritized what are
the next steps now? Now,the next step is taking a stock of
the size of your home and figuringout, Okay, what's the closet that
is best for me, and understandingthis. Yeah, yeah, everybody wants
(26:32):
the big walking closet. And ifyou've got a big enough home to accommodate
a walk in closet, I meana real walking closet, hey, go
for it. It's a luxury,it's lovely, it's it's fun. The
problem is that everybody so wants awalking closet, and a walking closet just
like a walk in pantry, justlike the larder that we were talking about.
(26:55):
The least efficient use of space becausethe majority of the square foe inside
a walk in closet has nothing todo with its storage capacity, has to
do with the fact that your bodyis going to be inside the closet.
Okay, that's the majority of thesquare footage is the walk in part.
And so the most efficient kind ofcloset is what everybody knows as the reach
(27:17):
in closets, only twenty four inchesdeep. It's got doors across the front,
whether they're sliders or bifolds or trifolds. Or whatever, and it's the
closet that only holds the clothes andnot you. And so to maximize the
design, if you're remodeling your houseand you've already if you are already square
foot challenged, then you know what, let go of the walk in idea
(27:41):
and give yourself the kind of closetspace that your house can accommodate. Okay,
maximize efficiency and utility within the closet. I am a little jealous of
something you have on the prep sheethere, and that's the top hanging Can
you describe what that is? Thatsystem? Yeah, you shouldn't be jealous
of that at all, because it'sactually one of the more economical ways to
(28:02):
build a clout, my personal favorite, and regardless again of the economic level
of the house. A top hangingcloset system is what we call a modular
closet system. Imagine just a closetspace empty. And now what we're gonna
do is we're gonna take this metalbracket. It's got a hook on the
bottom of it, a long runningstanding seam hook, and we're gonna mount
(28:26):
that metal bracket all the way upat the top right at the ceiling line.
By doing that you know what's alsoup there right at the ceiling line,
right behind the drywall, the topplate of the wall. In other
words, continuous wood. It meansthat when we put a screw in that
top plate, every fourteen inches orso, we hit wood every time.
(28:48):
That makes that top hanging bracket incrediblystrong. I mean literally can hold a
ton. And then off of thattop bracket, these stanchions come down that
hook into it and they just freehang. And it's the stanchions that hold
everything from brackets for shelves, bracketsfor poles for hanging clothes, shoe shelves,
(29:12):
drawers, everything imaginable now. Quitea few years ago, when these
first came out, I was anearly adopter. We had to kind of
work with the wire the you know, the the rubber covered wire stuff,
because Rubber makes these. Kitchen Maidemakes these. But nowadays you can go
down to the container store and takea look at the Alpha system ELFA and
(29:37):
you will find the evolution of thesesystems. They're sexy. Uh. They
can install d Y in less thana day. I mean really, you
can install these no matter what yourlevel of competency. And the nice thing
is they can also so easily modulateand adjust, meaning that you know your
(29:59):
home evolved, your closet should evolvewith you. So you can go two
years down the road and say,you know what we really need double hanging
here, and you know, justfor a few more bucks, one more
bracket or two, you can getin there and change it up and give
yourself whatever else or whatever new thatyou need outstanding stuff. Look forward to
(30:19):
this weekend show, Dean Will you'regoing to dive deeper into this, I
assume over the week. Absolutely,we're talking closets and laundry rooms this weekend.
These back behind the scene rooms thatmake a house work. Must listen
radio. Thanks a lot for yourtime this morning, Dean. I'll be
tuning in Saturday. Thank you.Jason. That's kfi's house wish. We're
Dean sharp Man. That guys manlearned so much every week. The House
(30:41):
Freedom Caucus is calling for no furtherdiscussion on raising the federal debt ceiling until
the Senate approves a bill passed byRepublicans that ties any increase to spending cuts.
Senate Majority Leader Chuck Schumer calls thebill d o A. Texas has
found a new destination for illegal immigrantswho have been processed and released by the
(31:03):
Border Patrol. Yesterday, a busloadof asylum seekers was dropped off in Denver.
The Mile High City now joins Washington, d C, New York,
Chicago, and Philadelphia as Texas migrantdrop off points. Space X is launching
more satellites into orbit. A Falconnine rocket blasted off from Cape Canaveral around
(31:25):
eleven twenty hour time last night.The rocket was carrying twenty two second generation
Starlink satellites into low Earth orbit fivefifty one and a half. On your
wake up Call, ABC entertainment reporterRacontour cultural expert Jason Nathanson is with us
to tee up our options for theweekend. Good morning, Jason, Hey,
(31:47):
good morning, Fast and Furious tenfilmed in Rome. Okay, we
talked about this briefly last week.Did it pass up a chance for a
mashup with that Jane Fonda film inRome? Or can it stand on its
own? Well, there's gonna bean eleventh and a twelfth film coming,
so it's possible that we could seesome kind of mashup coming in the future,
although it didn't happen in this one. So if you were hoping to
(32:07):
see Jane Fonda and Mary Stein virginand Kandice Bergen and Diane Keaton show up
in this Fast ten film, that'snot going to happen. So sorry,
we all were we all were lookingforward to. Okay, so it can
stand on its own. Is itfast? Is it furious? Uh?
Sure? It is the tenth filmin the franchise. After you know,
(32:29):
I feel like we've seen them doeverything that the last movie they went to
space in a car. I mean, I don't know, really know how
you top that? They try hereby you know, they're blowing up Rome,
They're back in Brazil. They're allover the place doing all the things
that they you know, they areknown to do with cars and things like
that. You have Vin Diesel,Michelle Rodriguez, Charlie's Tharren all back,
(32:52):
Jason Momoa. He joins the franchiseas the new bad guy. Easily my
favorite part of the film. He'shaving a lot of fun, while on
the other hand, you have VinDiesel, who just takes things way too
seriously. He's not having any funat all. Bree Larson also joins as
a new special agent. She's justkind of on the edge of being interesting.
(33:13):
She's almost there. They just don'tgive her quite enough to do the
film itself. As we've come toexpect from these movies, it's wildly silly.
There are huge plot holes that doesn'tseem to matter. It's all about
kind of having fun and blowing stuffup, and they do that. You
know, if you go and seethis on a Friday night in a packed
theater, I think you're gonna havefun. The audience is gonna, you
(33:36):
know, go crazy and laugh atthings that are just really stupid that happened.
If you saw this on a Wednesdayafternoon by yourself, I think you
would be less. You would enjoyit a lot less. I'm gonna come
back to that seeing stuff by yourselfinto just a second, real quick though,
Jason, how would you categorize filmslike this? Is this just?
(33:58):
Is this popcorn theater? Is exploitAsian films that kind of thing. Yeah,
it's It's just it's popcorn action movie. And you know, I think
at this point nobody's going into thisexpecting an Oscar Worthy uh plot or performance
or you know, screenwriting or anythinglike that. Um, So, as
long as you keep your expectations incheck. I think there's enough here to
actually have fun with. Um.You know, I saw it in the
(34:21):
theater packed full of people, andpeople were were you know, screaming when
it was appropriate and you know,and also just laughing at the sheer stupidity
of some of it, which isfine, that's fun as well, right,
Um. And so I think again, you can have a good time
here if you're going to throw aproduction value against stupidity and have it a
(34:42):
scene by scene. Yeah, okay, I can I can follow that,
Yeah, sure absolutely. Um.You know, there's just it comes to
a point though, where things getso silly that it actually it works against
it. There's there's a whole thinghere where Vin Diesel's kid is kidnapped and
they're trying to get him back,and he's in of the cars and he's
actually firing the rockets that are blowingup the cars behind him. And when
(35:06):
you stop down, like it's kindof a cool action sequence, but when
you stopped down and think about it, this kid is actively killing people in
the cars behind him. Yeah,and he's very young, and that kind
of didn't sit well with me thatwhen you really think about it, it
just doesn't feel right, but youknow again, it's it's the sheer silliness
(35:27):
of the of the franchise that peoplehave come to love and expect. I
think back to Bend so I thinkhe saves his pathos for the grout character
and guardians. If we stay homeand stream, Apple Plus and Hulu both
have headlines, which one do youwant to start with? We could start
with Apple TV Plus because that's theone I've seen. I haven't seen White
Man Can't Jump, which is onHulu. But High Desert, which is
(35:50):
a new series on Apple TV Plusstarring Patricia Kett as a recovering addict too
somehow kind of improbably she just forcesher way into becoming a private investor getter
u which she has this knack.Her character has this knack for figuring things
out, and she's pretty funny inthis alongside Brad Garrett. The two of
them are good together. Uh,you have other Matt Dillon is in this
(36:13):
as well, Brenadette, Peter Peter. So you have a pretty good cast
here. But the the it's justkind of all over the place. And
she doesn't really she's she's just she'sdoing a lot here. Patrici Arquette,
which sometimes I like, sometimes Idon't like. UM. And so the
series itself. After watching a coupleepisodes, it's okay, but it just
didn't really speak to me. I'venot said I've not seen it. You
(36:35):
said, she the character figures thingsout. It sounds like a conceit out
of poker Face, similar kind ofstory thread. Um, not quite as
far. Not it doesn't go asfar as Natasha Leon's character. Okay,
very cool. I wanted to askyou about these monthly passes to theaters.
I recently signed up for one.I believe it's regal UM, and I
sometimes they do see movies because Ihad this odd working schedule, right these
odd hours I can go to matinee'sand so I'm getting my value out of
(36:58):
it. Is this working for exhibitorsas a recurring revenue model? Um?
Look, they're throwing everything against thewall to see what sticks. UM.
They've and they've tried the various passesand stuff before. UM, and it's
worked with varying degrees of success.UM. There was one of a movie
pass that the completely shut down becauseit was just not a profitable business model
(37:22):
for movie pass itself. UM.They were they were selling an unlimited pass
to all a bunch of different theaters. The ones that are doing it on
their own, whether it's the AMCprogram or it's the regal program. Um,
they do see some some value inthose, um, you know,
because they're getting you in the door, right. Um. And then the
real money is, you know,in the concessions and things like that.
(37:45):
UM. So they're getting you inthe door for that and hopefully then up
selling you on some of the otherthings. UM. As far as a
breakdown of profitability, I'm not sure. UM. And I honestly, I
don't think enough people have them toreally make a big difference either way.
Okay, all right, I justknew that, you know, investors and
shareholders when they see recurring revenue monthlyrecurring revenue models, they tend to like
(38:07):
that a little bit. You know, they they can bet against it.
I was just wondering if it's catchingany any traction at all. ABC's Jason
Nathanson, right. There, alwaysa pleasure to speak with you every Friday.
I wish I could do it more, but I'm just gonna listen next
Friday because Jennifer's back. All Right. It sounds good take care. Thanks
Jason. Get back to some ofthe stories coming out of the KFI twenty
four hour newsroom before we get tohandle on the news. The National Labor
(38:28):
Relations Board has certified a unionization votefor strippers at a club in North Hollywood.
The dancers are now the only unionizedgroup of strippers in the US.
The Actors Equity Association labor union withdrewits opposition of the Star Garden topless dive
bar and agreed to recognize the Strippersunion for fifteen months. Dancers at the
(38:49):
club have demanded safer work conditions,pay increases, and health insurance. A
twelve year old boy has become theyoungest community graduate in California. Clovis hung
in Roll old at Fullerton College whenhe was nine. He says he was
inspired by a thirteen year old whograduated in twenty twenty Adulate. Clovis graduated
(39:09):
with five associate degrees and he hasa sixth plan for next year. He
says he was able to accomplish hisgoals because of support from his family,
professors, and classmates. President ofUkraine Vladimir Zleinski will appear at the G
seven summit in Japan in person reportedthis warning. He is expected to attend
meetings on Sunday, when he islikely to redouble his efforts to secure military
(39:32):
support, including F sixteen fighter jets, and promote his ten point piece plan
for ending the war. The leadersof the G seven as a reminders a
club of rich democracies. They're alsoexpected to unveil new sanctions and export controls
against Russia, including a ban onthat country's diamonds and diamond exports. Southern
(39:52):
California weather from KFI a mile daytemp wise across the Southland, a seasonal
morning fog and low clouds as thestunt comes up. Mostly sunny from mid
morning and the rest of today isat La and Oc beaches up to about
seventy. Clouds are gonna stick aroundlonger at the coastline and for near inland
spots, highs are going to bein the mid seventies, mostly sonny for
the inland valleys, high school rangebetween eighty in the eastern San Fernando Valley
(40:15):
to mid eighties in the San GabrielValley. Tonight partly cloudy in the evening,
than areas of low clouds in fogright now. Manhattan Beach is fifty
eight, Orange is fifty eight,Towards is fifty seven, and so is
Altadenam. We lead local live fromthe KFI twenty four our newsroom. I'm
Jason Middleton. This has been yourwake up Call, been my pleasure all
week. You've been listening to yourwake Up Call with me Jennifer Jones Lee,
(40:37):
and you can always hear wake UpCall five to six am Monday through
Friday at KFI AM six forty andanytime on demand on the iHeartRadio app
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