April 23, 2024 • 38 mins
Amy King hosts your Tuesday Wake Up Call. ABC News reporter Steven Portnoy joins the program to discuss the Supreme Court appearing to favor Oregon City in dispute over homeless camping ban. Host of ‘How to Money’ Joel Larsgaard joins Amy to talk about money market fund yields, gold, and working just one more year. KFI investigative reporter Steve Gregory comes on the show to talk about artificial intelligence and its impact on journalism and news. The show wraps with ABC News journalist Jim Ryan speaking on playing the odds… and losing.
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(00:00):
You're listening to KFI AM six fortywake Up Call with Me Amy King on
demand on the iHeartRadio app KFI andKOST HD two Los Angeles, Orange County
(00:21):
and yours Amy Kay. It's fiveo'clock. Good morning. I'm Amy King.
This is your wake up call forTuesday, April twenty third. Thanks
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for getting your day started with ustoday. Bill Handle's going to make fun
of me. There's so much goingon today. We got lost to talk
about, but I really mean it. We have lots to talk about,
and I'm going to just say this, this is probably my favorite favorite thing
that I get to share with youtoday. As you may know, we
did the Wiggle Waggon Walk over theweekend. We amazingly the Humane Pasadena Humane
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raised over three hundred thousand dollars andit all goes to taking care of the
pups at humane at the Pasadena Humane. And I got to walk a dog,
a beautiful six year old Doberman pinchernamed Hershey, and she was just
such a good girl, and sheher owner had passed away and so the
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son wasn't able to take care ofthe dog and the two cats that were
all living with the owner. Andso they took him to the Pasadena Humane
Society and after the walk her shegot adopted. So or she has to
no home, a new home.That's just like the best best news.
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But all the donations you make throughthe Wiggle Wagga Walk go to taking care
of Hershey's so she's ready to goand ready to find her forever home.
Sot so yeay, I'm just thrilledfor her. Here's what's ahead on wake
up call. And as I said, there's a lot. An La County
Sheriff's deputy is recovering after being shotin the back while stopped at a stoplight
in West Covina. The shooting happenedyesterday. The deputy was wearing a bullet
(02:15):
proof vest and the bullet did notpenetrate it. The lice are still looking
for the person who shot him andare looking for answers as to why he
was shot. Prosecutors in former PresidentTrump's hush money trial introduced the case to
the jury, accusing the former presidentof falsifying business records to cover up payments
made to adult film actress Stormy Danielsin twenty sixteen over an affair. Trump's
(02:38):
defense then said there was no suchscheme and accuse Stormy Daniels if trying to
cash in on the allegations. Thetrial continues today. Steve Gregory is going
to take a look at how AIcould affect the way you vote this election
season. That's coming up in abouta half hour, really fascinating stuff.
At six oh five, it ishandle on the news. Of course,
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testimony resumes in former President Trump's hushmoney trial, and you can bet that
Bill's going to run a way inon that. Let's get started with some
of the stories coming out of theKFI twenty four hour newsroom. La Kenny
Sheriff's investigators are trying to find theman who shot a motorcycle deputy in West
Covina. Sheriff Luna says the deputywas shot yesterday in an ambush attack.
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He was sitting on a marked blackand white police motorcycle in full uniform and
he was shot in the back.Luna says the shooter may have been driving
a white sedan with tinted windows.He says the car was last seen heading
west on the ten Freeway just afterjust off Baranka Avenue. The deputy is
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in stable condition. A man accusedof fatally stabbing a woman on a metro
train near Studio City has been arrested. Investigators have described the scene of the
killing as violent and bloody. Theysay the attack was unprovoked. This high
school student, who uses the trainto get the school, says she's shocked
by the killing. I don't feelsafe at all on the chain. I
don't want to get back on thechain ever. The attacker and woman both
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got off the train at the UniversalCity station. Yesterday morning. Police arrested
the suspected killer about a half milefrom the station in Studio City. Blake
Chrolli KFI News. The man arrestedhas been booked on suspicion of murderies being
held on two million dollars bail.LA's proposed city budget for the next fiscal
year is seventeen point eight billion dollars. Here. Gass's proposed budget increases funding
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for police and reduces it for homelessprograms compared to this year, but she
says the city will do more withless. She also said yesterday LA will
continue to invest in green infrastructure,with more electric buses, ev charging stations,
and new city positions. In heroffice, a new climate cabinet is
being formed that will help guide newrequired climate plans at key city departments,
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stakeholder engagement and action on climate justice. The city Council will take up the
proposed budget next week with the publichearing. Michael Monks KFI News. It's
five oh seven on your wake upcall. Time to say good morning to
ABC's Stephen portnoy So. Stephen,the case before the Supreme Court now could
affect how cities deal with homeless peopleall over the country, and the spotlight
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is on Little Grant's Pass, Oregon, a town several couple hours south of
Portland on the five Look. Thisis a question of whether the eighth Amendments
Prohibition on Cruel and Unusual Punishment coverswell laws that would try to prevent homeless
encampments. And the question is whetherthe city of grants Pass, population forty
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thousand, can find people who aresetting up tents and public parks and sleeping
there overnight because they have nowhere elseto go. The backers of the law
say that this is for health andsafety and it's the appropriate role of local
government to police these sorts of things. The opponents of the law say,
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and the ninth Circuit upheld this thatthese people who are in the circumstance have
nowhere else to go, that there'sa case going back to nineteen sixty two
that said that the law can't ban, for example, drug addiction as a
status, and homelessness is similarly intheir mind of status, and therefore it's
cruel and unusual because they're in acatch twenty two. There aren't enough shelter
beds in this town, and thereforethese people are being fined just for existing
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there, and that that's against theconstitution. That's the argument. Yesterday,
the Supreme Court heard two and ahalf hours of this back and forth,
and it seemed to me and mostother observers that the court majority, the
conservative majority, was interested in figuringout a way to keep the law alive
in Grant's past. The question isexactly how and to what extent. And
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at the same point the justices keptstressing, the conservative ones did that it's
not for the nine men and womenin robes here in Washington, d c.
To be settling this question. It'sfor the individual police and local officials
in each of these cities in Americato figure out how to solve this problem
and as the Chief Justice put it, municipalities have competing priorities, but it's
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on them to figure out how tohouse the unhoused, how to build enough
shelters, and how to figure itout, not the Supreme Court. Okay.
And so do they just hear thetestimony for just that one time or
will there be more? No?So, the way it works is the
Supreme Court cases rise to the level, the argument is heard, and if
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the decision is made, a finaldecision is made, that's the final decision.
But if there's a reason that theCourt has to not make a final
decision, it will send court thecase back down to lower courts if necessary,
and then it's possible that it'll comeback. But no, there's no
there's no rehearing, there's no secondopportunity for argument before the court. If
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the court reaches a final conclusion onthe merits and sets a new precedent,
okay, And then when do wethink we might expect a decision or is
it just kind of up in theair and they'll get to it when they
do. Well, No, weknow an answer to that. We don't
know exactly when, but we knowthat this is the final week of the
term. Oh, the term startsin October. There'll be a couple of
more important case is that the courtwill hear through the end of the week.
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There's are scheduled oral arguments, anabortion case tomorrow and of course the
big Trump immunity case on Thursday,and the case. When the court here's
cases this late in the term,we expect that they won't release the opinions
until the end of June. Sothat's what I would expect we'll hear from
the court all this homelessness question.Okay, man, it's gonna be a
big one because it could affect kindof every city in the country. You
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bet all right, Thank you,Steven Portnoy, you got okay. Former
President Trump's criminal Hushmany trial resumes thismorning in New York City, and I
have to tell you a little pullback the curtain. We had a little
technical difficulty this morning, so weweren't able to hook up with Peter Harralumbus
right now as we had planned.But I did get to talk to him
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a little bit right before wake upstarted because I wanted to kind of get
a feeling of what it was likein the court room. Because it was
the first day of testimony, youknow, the jurors, which seated yesterday
or last week, And so Iwas Peter tell us what it was like,
and he said it was really tense. He said the courtroom was packed,
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and he said that it was interestingbecause with as full as the courtroom
was, and it's not that bigthat at some times it was hard to
even see Trump because there were somany Secret Service agents in the court with
him. But he said it wastense. He said that he gets the
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feeling that Trump doesn't like other peopleto talk for him, and of course
his attorneys are speaking for him rightnow, and so he said he looked
frustrated, a little bit uncomfortable.And then they said that during part of
the introductions or the opening statements,that the prosecutors read that the transcript from
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the Access Hollywood tape. That kindof made everybody a little squirmy. And
they also noticed that the jurors whoare intently watching were offered notebooks in case
they wanted to take notes, andeverybody raised their head. They're like,
yeah, yeah, yeah, Iwant to take notes keep track of this.
So that's that I thought was reallykind of interesting. Then they said
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that the guy who was the firston the stand, was the former head
of the National the National Enquirer,right, and they said that David Pecker's
testimony was kind of awkward. Hesaid he was kind of trying to make
jokes and it was really just thissort of uncomfortable feeling. And then he
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kind of delved into what the tabloidworld is like and how they, you
know, they pay for their stories, unlike a regular newspaper which goes out,
investigates and does it that the tabloidsdo pay so people, the jurors
are learning more about the tabloid world. And then they broke and apparently they
had one of the jurors had adental emergency, so they broke early.
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So they're going to get back toit today and we will be talking to
David Moore about or not David,but to Peter Moore about what it's like
in the courtroom and some of theinsights that he gets because there's not that
many of us who get to reallyget an inside look at the courtroom because
obviously no cameras. So super interestingand we will be talking with Peter again
with ABC. Let's get back tosome of the stories coming out of the
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KFI twenty four hour newsroom. Aman from Santa Anna has been arrested for
allegedly stabbing his roommate to death duringa fight. Police were called to the
home on Sunday. They found oneman dead, the other gone. David
Espinoza had left the home on abicycle. He was found a few blocks
away. And La County Sheriff's Knine is recovering from being shot on the
(11:37):
job. Four year old Belgian Malinoiswas helping find a guy who had been
threatening people with a gun in Comptonon the evening of April seventeenth. Keld,
also known as Kid, found theguy under a tarp. The guy
opened fire, hitting Kid in hisprotective vest and shoulder. Kid was immediately
transported to VCA Lakewood Animal Hospital,where I am very thankful to say he
received exceptional veterinary. Sheriff Luna saysthe dog had a two inch gash and
(12:03):
received six stitches and is expected togo back to full duty. Steve Gregory
kay off I News. A judgein Arizona has declared a mistrial in the
case of a rancher accused of fatallyshooting a migrant on his property near the
US Mexico border. Jurors yesterday couldnot reach a verdict. Prosecutor say George
Kelly shot at a group of menwho arrived in the US looking for work.
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Kelly claims he fired warning shots intothe air, not directly at anyone.
Court records show the migrant killed hadentered the US illegally several times and
had been deported most recently in twentysixteen. President Biden's going to Florida to
talk about reproductive rights. ABC's KarenTravers says he'll be in Tampa later today
ahead of a new abortion band setto take effect in the state. Biden
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campaign officials say he'll again blame formerPresident Donald Trump for abortion bands. Since
the Supreme Court overturned Roe v.Wade, Florida's law will ban all abortions
after six weeks, except to savethe life of the mother. She says,
there are also exceptions for rape andincest. The Budweiser Clydesdale's are headed
to Palm Desert to make some beerdeliveries before the Stage Coach Country music Festival
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begins. The iconic courses will arriveat the L Paseo Shopping District tomorrow where
they'll drop off Budweiser to restaurants alongthe Pesseo Path. The horses will then
make their annual appearance at stagecoach.I love the Budweiser Clydesdales so great that
they're back. Here's something else.I love American Idol. So it's on
Sunday nights. They're down to likethe top twelve, I think, and
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I think I've picked the winner.I have no doubts that this woman is
the most talented of all of them, and every time she sings, she
makes me cry. Her name isAbby Carter. Listen to her performance from
this week, So good bye world, where's the Dogs of Society? You
(13:56):
came? I'm gone, but ohI could listen to her voice all day.
Her name is Abby Carter. Ifyou're not watching American Idol, you
might want to tune in for her. She is spectacular. Ellie Mayor Bass
(14:16):
has released her proposed twelve point eightbillion dollar city budget for the twenty twenty
four to twenty five fiscal year.The new budget is two hundred and forty
two million less than this year's spendingplan by Bass says the proposal is a
reset and includes sixty five million dollarsin cuts to her signature inside Safe Program,
an increase of more than one hundredand thirty eight million dollars for the
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LAPD and twenty three million dollars lessfor the LA Fire Department Death Row.
Inmates from San Quentin are being transferredto a prison in San Bernardino County,
and locals are not happy. Sothe official say the California Institution for Men
in Chino is in poor condition,and they're worried and inmate with nothing to
lose could escape. The aging facilitysa Quenton will eventually be converted into a
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rehab facility. The Angels have playedand lost their ten thousandth game. The
Angels played their first game April eleventh, nineteen sixty one, coincidentally, also
against the Baltimore Orioles. The Angelshave a four nine hundred and sixty seven
to FIVEY twenty nine record. TheAngels lost game number ten thousand, four
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to two at six oh five.It's handled on the news. We got
homeless, violence, and metro,all three big issues in LA wrapped up
into one. Right now, Let'ssay good morning to the host of How
to Money on KFI. It's JoelLarsgard Joel goals the gold is the hot
item right now. Oh yeah,it really is. It's so hot and
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so hot. The cost is sohot right now makes you think of a
line from the movie Zoolander back inthe day. But yeah, even Costco
is selling gold bars, and Costcois selling out almost immediately every time they
put them up for sale on theirwebsite. So there is an intense interest
in gold right now. And whenyou actually look at kind of recent returns,
gold is kind of up there withthe overall stock market in recent years.
(16:08):
So there's I think a reason,like when the number goes up,
it piques more people's interests. Isthe same thing that happens with bitcoin.
When bitcoin's on the rise, everyone'slike, oh, should I invest in
bitcoin? And so yeah, Ithink it's on the minds of a lot
of people. And you know,whether or not you should invest in gold
depends, I think on a varietyof factors. But the one thing you
have to be at least aware ofwhen you invest in gold, specifically when
(16:32):
you invest in physical gold, likeyou're buying those gold bars on Costco's website,
is the friction in selling that gold, and so not just how difficult
it might be. You you canjust list that thing on Facebook marketplace,
right, right, I mean Iguess you could, right exactly. Yeah,
I'm selling gold bars, come onover here. It's like a target
(16:52):
on your back, right. Butthe friction and then the cost to you,
the inefficiency of buying and selling goldmakes it especially physical gold makes it
less attractive of an investment. Inmy opinion. I get why some people
want to hold a little bit ofgold in their portfolio, but the way
gold has been performing and the waypeople have been talking about gold, I
think is getting a lot more peopleinterested, like ooh, I probably should
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have a lot more exposure to goldin my investments, and that might not
be the case, so pass onit. Ors. Again, it depends
on what your goals are and whatyou're trying to do with your portfolio.
I think, especially for younger investors, gold is a distraction. The truth
is, gold is a shiny goldrock in many ways, right, And
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it's not that it doesn't have anyvalue. But if you are a younger
investor with many decades left in yourtime horizon, I would much rather have
you invested in most league stocks andbusinesses that are creating the next wave of
technology and innovation. I would ratherhave my future tied to those companies than
(17:59):
I would eyed to gold. Butif you are, you know, in
those retirement years or getting close tothose retirement ears, having some exposure to
gold can you can can at leasthelp you as a as a as an
investor with with different needs. Right, So, so much depends on where
you're at in your investing horizon.But again it's important to note the frictional
cost and the friction and the costassociated with buying and selling gold. If
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you want to have exposure to gold, I prefer people buy gold inside of
like a low cost ETF. That'sthe other thing is some of these ETFs
the race to especial so in exchangetraded fund So it's it's basically you're owning
gold, but you don't actually haveto keep it on premises, right,
which means less likely getting a lesslikelihood of getting robbed for that gold.
But also just it's easier to buyand sell. It's like you can buy
(18:45):
it and sell it just like you'retrading a stock. Gotcha. Okay,
And as you were talking about gettingcloser to those that retirement age. You're
saying, if you're if you're gettingready to retire, you might want to
think a stick in an out justa little bit longer. So yeah,
there's this dual edge sword of onemore year syndrome, right, And it's
(19:06):
like, oh, if I justwork one more year, then all of
these great things will happen, andthen I can retire in style. And
sometimes what that leads people to dois to working longer than they probably needed
to because they're too conservative. ButI do think it's important to think about
the trade offs of working one moreyear. So first, you end up
saving more because you let's say you'reworking that year and you continue to toss
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ten, twelve, fifteen percent intoyour retirement account. Boom, that's a
win, right, another year ofcontributions that can work for you. And
second, you need to save lessfor retirement because you've got one less year
to fund, which is a greatnews. And then you can die,
right, yes, exactly. Wellyeah, well, let's say you're gonna
die at the same age. Right, it's not going to change the age
you die, but you've got oneless year to fund because you wouldn't you
(19:52):
didn't take that year off. ThenYou've got more time for your investments to
compound, which is great. Soyou've got another year of hopefully market gains
that are allowing your investments to continueto grow. You can delay taking Social
Security a little bit longer, whichmeans you're going to get a bigger check.
So all of these things would pushyou towards saying, yeah, maybe
I will stick it out for onemore year. And depending on where you're
at kind of in the nest eggyou've been able to build up, that
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might be the right move. Butbut then the other thing you have to
factor in is life right, andso you have to say, well,
what do I want it? Somaybe part time is a better way to
go. And I think that's areasonable way for people to kind of back
off slowly from work instead of makingit this all or nothing proposition. I
think the way we've talked about retirementin this country, it's not necessarily the
most helpful, the most healthy,And so maybe it's not either work full
time or not work at all.Maybe it's this gradual decline in how much
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we work, allowing us to kindof maintain some of those connections and some
of that purpose that work can giveus. While also saying I don't need
like a full size paycheck, andthen it gives us maybe the best of
both worlds. Okay, so manydecisions, so many decisions when it comes
to money, and you know,like there's a lot of times I wish
everything was just very cut and dry, but it's not. There's so much
nuances and that's why we appreciate youto help us, to help guide us
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through these things. You're right,it's complex and sometimes it does feel overwhelming.
So anytime we can cut through theclutter with hopefully some good information and
wisdom, that's what that's what thegoal is. And Joel is going to
help you cut through the clutter thisweekend on how to Money with Joel.
It's Sunday from noon to two righthere on KFI. You can also follow
him at how to Money Joel.Thank you, Joel. Thanks Amy.
(21:26):
The Dodgers are going to take onthe Nationals this afternoon in Washington. The
first pitch goes out at three fortyfive. You can listen to every play
of every Dodgers game on AM fiveseventy LA Sports Live from the Galpin Motor
Broadcast Booth, and you can streamall the games in HD on the iHeartRadio
app keyword AM five seventy LA SportsGo Blue. A man has been booked
(21:48):
on suspicion of murder and connection withthe stabbing death of a woman on a
metro train in Studio City. Pleasesay the man repeatedly slashed the woman in
her sixties after stealing her purse earlyyesterday morning on the Universal City B line.
At least say the forty five yearold man arrested is homeless. Express
is closing one hundred stores across theUS as it files for Chapter eleven bankruptcy.
(22:10):
The retailer said it received a nonbinding letter of intent from a group
of investors to purchase it. Thecompany has over five hundred stores worldwide.
The world famous Budweiser Clydesdales are gettingready for their annual appearance at Stagecoach.
The Country Music Festival is this weekendin the Coachella Valley. It's headlined by
Eric Church, Miranda Lambert and MorganWallen. A Dalmatian coach dog will accompany
(22:33):
the eight horse hitch and red Budweiserbeer wagon to protect the horses and guard
the beer. Of course, atsix oh five, it's handle on the
news. One hundred and fifty arrestshave been made honor around a college campus
in New York as pro Palestinian protestscontinue and spread. At five point fifty,
ABC's Jim Ryan's gonna bring our headskunout of the clouds. When it
comes to our dreams of winning bigwith the Lotto jackpot, I'm buying my
(22:56):
ticket anyway. KFI Steve says artificialintelligence may decide what news stories you'll be
exposed to in the upcoming presidential election. AI has become all the rage,
and as society tries to decide howit fits into our daily lives, there
is an industry that wonders if itcould change democracy. That industry journalism,
(23:18):
I think, especially with news andreporting, as an area to tread lightly.
So we've talked a little bit abouton the editing side. As you're
you know, you already have thestory you want to come in and pull
the relevant clips. That process canbe easier if you're starting a little earlier
with the like story creation and tryingto do research. I think that's an
area for cautions. Rachel Joy Victoris the co founder of fabric Ai,
a group that helps companies understand howto use AI and what to watch for.
(23:41):
I caught up with her at theannual convention of the National Association of
Broadcasters here in Las Vegas, andI wondered, as a journalist, should
I dabble in AI for research andstorytelling. A lot of the models that
we're working with right now, ifwe're talking about chat GPT, we're talking
about these large language models are generativeonly, right, So they're based on
probability, they're based on kind ofthe system is scraping up all this information
(24:03):
from online and going in and findingpatterns. So often we have enough data
that those patterns are accurate, butnot always. Victor says the technology can
be fun, interesting and very useful, but when it comes to journalism,
she says, AI still needs abassline. After all, how would AI
decipher the ethics of a story,protect a source, calculate the nuances of
the human condition. So if yougo in and like actually start playing with
(24:25):
chat GBT or these kind of modelsand look for things around dates, around
specific names of people or places orbooks or things like that, it gets
the facts almost right, but notquite. So it's easy to feel like
confident and saying like, great,this generated output looks great, but that
little piece of that accuracy can bekind of really thrown off. I was
curious about other applications for AI inmy world, so Victor referred me to
(24:47):
Audio Shape and their head of engineeringJonathan Lott, use AI to separate audio
in different formats. So we musicspace, we separate vocals, drums,
bass, guitar, different instruments,and now on the film space, we
have models that can actually separate dialoguefrom the music and effects. And then
we also do music removal as well, so those are the main offerings we
(25:08):
have. We also work on amodel that actually can separate speakers, like
if you're doing interviews, you canactually isolate the two speakers if they're talking
over each other. That says they'renow working on projects for the NFL and
the BBC. In fact, they'vebeen separating tracks from old episodes of Doctor
Who so the series audio tracks canbe recorded in other languages. So in
this case, AI can be anamazing Workhourse and speaking of the BBC,
(25:32):
Director General Tim Davie recently said thenetwork will embrace AI, but only on
their terms. As we move toan Internet only world, we can shape
this tipping point to act for thebenefit of the British public. We can
choose not to realize solely on USand Chinese tech companies who may not have
the interests of a shared British cultureand our democratic, tolerant society at their
(25:53):
heart. This will require us tocreate unique algorithms to serve all that for
good, olgorithms and AI that bringus closer, not drive us apart.
Personalization of course, but not drivenby a narrow commercial return. Judy Parnell's
the head of the BBC's Standards andIndustry and says AI cannot be avoided,
(26:15):
but it can be harnessed for goodto improve the process of news gathering and
to increase trust in the truth oftheir reporting. Here at KFI, we're
still exploring how AI may even workfor what we do. We're certainly keeping
an eye on how other news organizationsmight use AI, and if it fits
for us, we may consider it. But for now we're doing news the
old fashioned way, personally checking,rechecking and verifying. Steve Gregory KFI News.
(26:40):
Thank you, Steve, it's oneof the best in the business.
Let's get back to some of thestories coming out of the KFI twenty four
hour newsroom, and eleven year oldboys been reported missing in Compton. Irvin
Diaz was last seen yesterday morning onNorth Bradfield Avenue near East Pixley's Street.
He's Latino, four foot eleven,about one hundred and twenty pounds, with
brown, brown eyes and brown hair. He was wearing a black shirt,
(27:03):
gray Dicky's pants, and black Nikeshoes. The family of a man fatally
shot by La County Sheriff's deputies inCarson has filed a federal civil rights lawsuit
alleging excessive force. Deputies confronted theman at a gas station last summer after
a worker saw him yelling at thegas pumps. Attorney Michael Correo says the
Sheriff's department initially told Arturo Sernaz familythat the deputies fired because they believed he
(27:26):
had a weapon. Now come tofind out later that there's a very clear
video that shows that he was shotfour times in the back. They're furious
angry. Coreo said yesterday. He'salso calling on Da Gasconne's office to file
criminal charges against the deputy who firedthe fatal rounds. The Sheriff's department has
not yet responded for comment. ChrisAdler KFI news, a state senator from
(27:48):
Huntington Beach, wants animal shelters topost the number of animals they euthanize each
month. Surely they know the numbers, so what are they hiding? State
Senator Janet Wins says her two newbills would require a month report on euthanasia's
deaths, adoptions, and other animaltreatment stats that are often kept hidden from
the public, and posing intakes,outtakes, and utilization numbers on website and
(28:08):
hosts shelters accountable. This then createspressure for shelters to do venerians. When
also told the committee yesterday, legalizingtrapped newter release programs would reduce cat populations
and euthanaser rates by neutering then returningcats to a community in which they were
already thriving in Orange County Corbin Carsonk if I news. The Senate is
expected to vote today on a ninetyfive billion dollar foreign aid bill that includes
(28:32):
more than sixty billion dollars for Ukraine. Republican Congressman Tom Keane, who was
in Ukraine's capital yesterday, says hesupports the bill. I'm confident though the
stringent oversight and accountabuilding measure in placeto ensure that our aid is not subject
to fraud, corruption, or diverseand once on the battlefield, we know
that US provide weapons, will weput to good use. The bill,
(28:52):
which passed the House on Saturday,also has billions in funding for Israel and
Taiwan. A neutrality review of aUN agency helping Palestinian refugees has found Israel
never expressed concern about anyone on stafflists. It comes after Israel claimed a
dozen employees of UNRAW participated in theOctober seventh Hamas attack. The report found
(29:15):
that UNRAW has robust procedures to upholdneutrality, but also found some staff had
publicly expressed political views and certain textbookscontained problematic content. It says from twenty
twenty two to twenty four there wereone hundred and fifty one allegations of neutrality
being breached at the agency. Soyesterday they broke ground on the high speed
(29:40):
rail. It's going to go fromLas Vegas to Rencho Cucamonga, and apparently
it's going to get you there intwo hours, about half the time it
would take you to drive and youdon't have to deal with traffic jams.
But it made me think, sohere's something to chew on. It's a
funded brightline is the company who's buildingthe tracks. Two hundred and eighteen miles
track is going to run along thefifteen The cost for California's high speed rail
(30:07):
project, which voters approved with tenbillion dollars in funding in two thousand and
eight. The costs have absolutely explodedand that project has just barely started.
The full cost of putting in atrain that would run from San Francisco to
La was originally estimated to be aboutforty billion dollars, but now those costs
have skyrocketed. So now they're sayingit's going to cost between eighty eight and
(30:32):
one hundred twenty eight billion dollars toget this project completed. And guess what,
it's not going to be done untilwell, the first section of it.
It's not going to be done untiltwenty thirty. They're saying the first
one hundred and seventy one miles connectingMerced to Bakersfield, which why would anybody
ride that because it doesn't take youanywhere? Has gone up from twenty five
(30:52):
point seven billion dollars to at leastthirty two billion dollars and again their whole
to have service begin in twenty thirty. The Bright Line project from Rancho Cucamonga
to Las Vegas twelve billion dollars.It's going to be two hundred and eighteen
miles, right. So the otherone's one hundred and seventy one miles from
Bakersfield to Merced and it's going tocost like up to thirty two billion dollars.
(31:18):
This one is two hundred eighteen milliondollars or two hundred and eighteen miles
twelve billion dollars. Construction is nowbegun and it's expected to be done in
time for the Summer Olympics in twentytwenty eight. Private versus public just something
to think about. La Mayor Basshas released her proposed multi billion dollar city
(31:40):
budget for twenty twenty four and twentyfive. The new budget's two hundred and
forty two million dollars less than thisyear's spending plan. Bass says the proposal
is a reset and includes sixty fivemillion dollars and cuts to her signature.
Inside Safe Program, a man's beenconvicted of ripping off seniors by getting him
involved in a fake community in Belize. Prosecutors say the guy I got two
(32:00):
couples and a woman to buy intoa luxury resort community that was supposed to
have a hospital with US doctors,a championship golf course, a casino,
hotel, airport, marina, anda village with high end boutiques, restaurants,
cafes, and a grocery store.Well there was a development, but
none of those amenities, and theinvestors all lost their money. He's going
to be sentenced in May. Andso much for the super bloom. Lots
(32:21):
of rain has colorful wildflowers covering southernCalifornia's deserts and bluffs, bluffs and open
spaces, but a lot of scientistssay this year's flowers are not spectacular enough
to be called a super bloom.The scientists say that a true super bloom
is a once in a lifetime event. We're minutes away from handle on the
news this morning. It's up tothe Senate now to pass or not to
(32:43):
pass a ninety five billion dollar foreignaid bill. The votes coming up.
And since we're talking about big money, let's talk to ABC's Jim Ryan.
I got my lotto ticket for Powerball, Jim one hundred and fifteen million dollars.
Megabut or Mega Millions is two hundredtwo million dollars to night. Yeah,
I'll probably win, huh probably.Yeah. The next drawing, I
(33:04):
think power Ball is tomorrow and it'sone hundred and thirty million. I believe.
Oh was it up tow one hundredand thirty nowe yeah, because nobody
won last night. Okay, butplenty of people played. Plenty of people
do play. In fact, evenif you didn't say I never play a
lottery, fifty percent of Americans buyat least one ticket every year, right,
So, whether it's an office poolor they're doing it on their own,
(33:25):
about half of Americans do play thelottery at least once a year.
Well, and I think of itas like it's two dollars. So if
I get one Mega Millions and onepower Ball, that is a cup of
Starbucks coffee, and I can makemy own coffee. So it's sort of
you know, it's not like I'minvesting a lot in it, right,
So why do it anyway because I'mgoing to win? Okay? Right?
(33:50):
What if you're not going to win? There there are millions of cases of
people, billions maybe of people whotried to win, they didn't win,
and you know, at least scratchit all, and they go, okay,
well let's let's give it a shot. Some folks though to decide that,
yeah, you know, I didn'twant I bought two tickets, but
neither one of them won. Thetickets, the numbers didn't they didn't manche
the power ball or the whatever statelottery they're in, right, So this
(34:13):
woman says, I do have twotickets, but if I got them apart
right down the middle of then tapethem together, it comes out as a
million dollar winning ticket. So thepolice say that's what she did. Her
name is Kira Enders, thirty sixyears old, lives in Pensacola. Went
to the Escambia County Lottery office thereand presented this ticket and then swore she
wrote, you know, she filledup paperwork which swears that the ticket is
(34:37):
real in order to get her amillion dollar winnings. But the Florida Lottery
officials immediately spotted the forgery and said, you know what, this isn't real,
and she said, sure, it'sreal and signed the paper and now
she's in jail, or she wasin jail last week. Her boyfriend too,
Dakota Jones. Both of them werearrested in connection with this scheme.
Even though it didn't work. Youknow, they couldn't just walk away say
(34:58):
okay, you got me all right, so we won't do it again,
and they left. That's not thecase. They faced serious charges, including
theft of one hundred thousand dollars,even though they didn't collect anything. How
are they facing the theft chargers?Well, it's forgery for one thing.
It's forgery that goes with that.And yes, even though they didn't they
were not able to pull this thingoff. They tried to pull this thing
(35:21):
off, and so that constitutes theft, grand larceny and what are some of
the other things that people have triedto do. Well, there's a couple
last week in Iowa, roommates.Actually they're not married. They're not going
together, I guess, but roommates. The one roommate, his name is
Lars and Alvin hands Larson. Thethird he's got some legal problems there in
(35:45):
Iowa and he would have to payback I suspect child support or something.
So that if you want a bunchof money, the state officials are going
to see that. They're going tosay, hey, we're going to take
this money from you because you haveto pay your whatever debt you owe.
So he says, tell you what, once, you go and cash this
in Sandy his roommates. So SandyCrow goes and cashes it in, and
there's a picture of her grinning withthe oversized check for thirty thousand dollars.
(36:09):
Well, you know, it turnsout that then they got into a fight,
Candy in a roommate and the policewere called. The police figured out
that it was all over this lotteryticket that Larson won, but that Sandy
turned in that too, is fraudin the lottery. It's not as serious
an offense as trying to turn ina million dollar ticket. So they lost
(36:30):
the thirty thousand dollars plus had topay five hundred bucks on top of that.
Maybe they should change his last nameto larceny. That's perfect. Why
didn't I think of that? Larsand need. There was a case last
year in Boston this father and sonwho ran a scheme for ten years,
ten years, millions of dollars worthof fraud. Committee they would purchase people.
(36:54):
Let's say that you were like misterlarceny, and you had some debt
to the stage child's or for example. So this guy Ali Jafar and his
son Yusef, they would buy theticket from you at a discount. Let's
say it's a million dollar ticket.They'd buy it from you for seven hundred
and fifty dollars, and then theywould they would submit it for the full
million dollars. And they were doingthis for a year after you. I'm
(37:15):
not sure how they were never caught, but eventually they were. It's crazy
that they even were able to getaway with it in the first place.
Well, I'm gonna just do itthe right way. I'm going to buy
my two dollars ticket and hope forthe best. I know my odds are
like one in two hundred and ninetytwo. You went fantastic. If you
lose, you know, you lickyour wins and save up another couple of
bucks and go buy it next time. Right, you got it. ABC's
(37:35):
Jim Ryan, thank you so muchfor the info. Jammy. All right,
this is KFI and kost HD twoLos Angeles, Orange County. We
lead local live from the KFI twentyfour hour newsroom for producer and and technical
producer KNO I'm Amy King. Thishas been your wake up call. If
you missed any wake up Call,you can listen anytime on the iHeartRadio app.
(37:58):
You've been listening to wake Up Callwith me, Amy King. You
can always hear Wakeup Call five tosix am Monday through Friday on kf I
Am six forty and anytime on demandon the iHeartRadio app.
You're listening to KFI AM six fortywake Up Call with Me Amy King on
demand on the iHeartRadio app KFI andKOST HD two Los Angeles, Orange County
(00:21):
and yours Amy Kay. It's fiveo'clock. Good morning. I'm Amy King.
This is your wake up call forTuesday, April twenty third. Thanks
(00:44):
for getting your day started with ustoday. Bill Handle's going to make fun
of me. There's so much goingon today. We got lost to talk
about, but I really mean it. We have lots to talk about,
and I'm going to just say this, this is probably my favorite favorite thing
that I get to share with youtoday. As you may know, we
did the Wiggle Waggon Walk over theweekend. We amazingly the Humane Pasadena Humane
(01:08):
raised over three hundred thousand dollars andit all goes to taking care of the
pups at humane at the Pasadena Humane. And I got to walk a dog,
a beautiful six year old Doberman pinchernamed Hershey, and she was just
such a good girl, and sheher owner had passed away and so the
(01:30):
son wasn't able to take care ofthe dog and the two cats that were
all living with the owner. Andso they took him to the Pasadena Humane
Society and after the walk her shegot adopted. So or she has to
no home, a new home.That's just like the best best news.
(01:52):
But all the donations you make throughthe Wiggle Wagga Walk go to taking care
of Hershey's so she's ready to goand ready to find her forever home.
Sot so yeay, I'm just thrilledfor her. Here's what's ahead on wake
up call. And as I said, there's a lot. An La County
Sheriff's deputy is recovering after being shotin the back while stopped at a stoplight
in West Covina. The shooting happenedyesterday. The deputy was wearing a bullet
(02:15):
proof vest and the bullet did notpenetrate it. The lice are still looking
for the person who shot him andare looking for answers as to why he
was shot. Prosecutors in former PresidentTrump's hush money trial introduced the case to
the jury, accusing the former presidentof falsifying business records to cover up payments
made to adult film actress Stormy Danielsin twenty sixteen over an affair. Trump's
(02:38):
defense then said there was no suchscheme and accuse Stormy Daniels if trying to
cash in on the allegations. Thetrial continues today. Steve Gregory is going
to take a look at how AIcould affect the way you vote this election
season. That's coming up in abouta half hour, really fascinating stuff.
At six oh five, it ishandle on the news. Of course,
(03:00):
testimony resumes in former President Trump's hushmoney trial, and you can bet that
Bill's going to run a way inon that. Let's get started with some
of the stories coming out of theKFI twenty four hour newsroom. La Kenny
Sheriff's investigators are trying to find theman who shot a motorcycle deputy in West
Covina. Sheriff Luna says the deputywas shot yesterday in an ambush attack.
(03:21):
He was sitting on a marked blackand white police motorcycle in full uniform and
he was shot in the back.Luna says the shooter may have been driving
a white sedan with tinted windows.He says the car was last seen heading
west on the ten Freeway just afterjust off Baranka Avenue. The deputy is
(03:42):
in stable condition. A man accusedof fatally stabbing a woman on a metro
train near Studio City has been arrested. Investigators have described the scene of the
killing as violent and bloody. Theysay the attack was unprovoked. This high
school student, who uses the trainto get the school, says she's shocked
by the killing. I don't feelsafe at all on the chain. I
don't want to get back on thechain ever. The attacker and woman both
(04:04):
got off the train at the UniversalCity station. Yesterday morning. Police arrested
the suspected killer about a half milefrom the station in Studio City. Blake
Chrolli KFI News. The man arrestedhas been booked on suspicion of murderies being
held on two million dollars bail.LA's proposed city budget for the next fiscal
year is seventeen point eight billion dollars. Here. Gass's proposed budget increases funding
(04:28):
for police and reduces it for homelessprograms compared to this year, but she
says the city will do more withless. She also said yesterday LA will
continue to invest in green infrastructure,with more electric buses, ev charging stations,
and new city positions. In heroffice, a new climate cabinet is
being formed that will help guide newrequired climate plans at key city departments,
(04:48):
stakeholder engagement and action on climate justice. The city Council will take up the
proposed budget next week with the publichearing. Michael Monks KFI News. It's
five oh seven on your wake upcall. Time to say good morning to
ABC's Stephen portnoy So. Stephen,the case before the Supreme Court now could
affect how cities deal with homeless peopleall over the country, and the spotlight
(05:12):
is on Little Grant's Pass, Oregon, a town several couple hours south of
Portland on the five Look. Thisis a question of whether the eighth Amendments
Prohibition on Cruel and Unusual Punishment coverswell laws that would try to prevent homeless
encampments. And the question is whetherthe city of grants Pass, population forty
(05:32):
thousand, can find people who aresetting up tents and public parks and sleeping
there overnight because they have nowhere elseto go. The backers of the law
say that this is for health andsafety and it's the appropriate role of local
government to police these sorts of things. The opponents of the law say,
(05:53):
and the ninth Circuit upheld this thatthese people who are in the circumstance have
nowhere else to go, that there'sa case going back to nineteen sixty two
that said that the law can't ban, for example, drug addiction as a
status, and homelessness is similarly intheir mind of status, and therefore it's
cruel and unusual because they're in acatch twenty two. There aren't enough shelter
beds in this town, and thereforethese people are being fined just for existing
(06:15):
there, and that that's against theconstitution. That's the argument. Yesterday,
the Supreme Court heard two and ahalf hours of this back and forth,
and it seemed to me and mostother observers that the court majority, the
conservative majority, was interested in figuringout a way to keep the law alive
in Grant's past. The question isexactly how and to what extent. And
(06:35):
at the same point the justices keptstressing, the conservative ones did that it's
not for the nine men and womenin robes here in Washington, d c.
To be settling this question. It'sfor the individual police and local officials
in each of these cities in Americato figure out how to solve this problem
and as the Chief Justice put it, municipalities have competing priorities, but it's
(06:58):
on them to figure out how tohouse the unhoused, how to build enough
shelters, and how to figure itout, not the Supreme Court. Okay.
And so do they just hear thetestimony for just that one time or
will there be more? No?So, the way it works is the
Supreme Court cases rise to the level, the argument is heard, and if
(07:19):
the decision is made, a finaldecision is made, that's the final decision.
But if there's a reason that theCourt has to not make a final
decision, it will send court thecase back down to lower courts if necessary,
and then it's possible that it'll comeback. But no, there's no
there's no rehearing, there's no secondopportunity for argument before the court. If
(07:40):
the court reaches a final conclusion onthe merits and sets a new precedent,
okay, And then when do wethink we might expect a decision or is
it just kind of up in theair and they'll get to it when they
do. Well, No, weknow an answer to that. We don't
know exactly when, but we knowthat this is the final week of the
term. Oh, the term startsin October. There'll be a couple of
more important case is that the courtwill hear through the end of the week.
(08:03):
There's are scheduled oral arguments, anabortion case tomorrow and of course the
big Trump immunity case on Thursday,and the case. When the court here's
cases this late in the term,we expect that they won't release the opinions
until the end of June. Sothat's what I would expect we'll hear from
the court all this homelessness question.Okay, man, it's gonna be a
big one because it could affect kindof every city in the country. You
(08:24):
bet all right, Thank you,Steven Portnoy, you got okay. Former
President Trump's criminal Hushmany trial resumes thismorning in New York City, and I
have to tell you a little pullback the curtain. We had a little
technical difficulty this morning, so weweren't able to hook up with Peter Harralumbus
right now as we had planned.But I did get to talk to him
(08:45):
a little bit right before wake upstarted because I wanted to kind of get
a feeling of what it was likein the court room. Because it was
the first day of testimony, youknow, the jurors, which seated yesterday
or last week, And so Iwas Peter tell us what it was like,
and he said it was really tense. He said the courtroom was packed,
(09:05):
and he said that it was interestingbecause with as full as the courtroom
was, and it's not that bigthat at some times it was hard to
even see Trump because there were somany Secret Service agents in the court with
him. But he said it wastense. He said that he gets the
(09:26):
feeling that Trump doesn't like other peopleto talk for him, and of course
his attorneys are speaking for him rightnow, and so he said he looked
frustrated, a little bit uncomfortable.And then they said that during part of
the introductions or the opening statements,that the prosecutors read that the transcript from
(09:48):
the Access Hollywood tape. That kindof made everybody a little squirmy. And
they also noticed that the jurors whoare intently watching were offered notebooks in case
they wanted to take notes, andeverybody raised their head. They're like,
yeah, yeah, yeah, Iwant to take notes keep track of this.
So that's that I thought was reallykind of interesting. Then they said
(10:11):
that the guy who was the firston the stand, was the former head
of the National the National Enquirer,right, and they said that David Pecker's
testimony was kind of awkward. Hesaid he was kind of trying to make
jokes and it was really just thissort of uncomfortable feeling. And then he
(10:31):
kind of delved into what the tabloidworld is like and how they, you
know, they pay for their stories, unlike a regular newspaper which goes out,
investigates and does it that the tabloidsdo pay so people, the jurors
are learning more about the tabloid world. And then they broke and apparently they
had one of the jurors had adental emergency, so they broke early.
(10:54):
So they're going to get back toit today and we will be talking to
David Moore about or not David,but to Peter Moore about what it's like
in the courtroom and some of theinsights that he gets because there's not that
many of us who get to reallyget an inside look at the courtroom because
obviously no cameras. So super interestingand we will be talking with Peter again
with ABC. Let's get back tosome of the stories coming out of the
(11:16):
KFI twenty four hour newsroom. Aman from Santa Anna has been arrested for
allegedly stabbing his roommate to death duringa fight. Police were called to the
home on Sunday. They found oneman dead, the other gone. David
Espinoza had left the home on abicycle. He was found a few blocks
away. And La County Sheriff's Knine is recovering from being shot on the
(11:37):
job. Four year old Belgian Malinoiswas helping find a guy who had been
threatening people with a gun in Comptonon the evening of April seventeenth. Keld,
also known as Kid, found theguy under a tarp. The guy
opened fire, hitting Kid in hisprotective vest and shoulder. Kid was immediately
transported to VCA Lakewood Animal Hospital,where I am very thankful to say he
received exceptional veterinary. Sheriff Luna saysthe dog had a two inch gash and
(12:03):
received six stitches and is expected togo back to full duty. Steve Gregory
kay off I News. A judgein Arizona has declared a mistrial in the
case of a rancher accused of fatallyshooting a migrant on his property near the
US Mexico border. Jurors yesterday couldnot reach a verdict. Prosecutor say George
Kelly shot at a group of menwho arrived in the US looking for work.
(12:24):
Kelly claims he fired warning shots intothe air, not directly at anyone.
Court records show the migrant killed hadentered the US illegally several times and
had been deported most recently in twentysixteen. President Biden's going to Florida to
talk about reproductive rights. ABC's KarenTravers says he'll be in Tampa later today
ahead of a new abortion band setto take effect in the state. Biden
(12:46):
campaign officials say he'll again blame formerPresident Donald Trump for abortion bands. Since
the Supreme Court overturned Roe v.Wade, Florida's law will ban all abortions
after six weeks, except to savethe life of the mother. She says,
there are also exceptions for rape andincest. The Budweiser Clydesdale's are headed
to Palm Desert to make some beerdeliveries before the Stage Coach Country music Festival
(13:09):
begins. The iconic courses will arriveat the L Paseo Shopping District tomorrow where
they'll drop off Budweiser to restaurants alongthe Pesseo Path. The horses will then
make their annual appearance at stagecoach.I love the Budweiser Clydesdales so great that
they're back. Here's something else.I love American Idol. So it's on
Sunday nights. They're down to likethe top twelve, I think, and
(13:33):
I think I've picked the winner.I have no doubts that this woman is
the most talented of all of them, and every time she sings, she
makes me cry. Her name isAbby Carter. Listen to her performance from
this week, So good bye world, where's the Dogs of Society? You
(13:56):
came? I'm gone, but ohI could listen to her voice all day.
Her name is Abby Carter. Ifyou're not watching American Idol, you
might want to tune in for her. She is spectacular. Ellie Mayor Bass
(14:16):
has released her proposed twelve point eightbillion dollar city budget for the twenty twenty
four to twenty five fiscal year.The new budget is two hundred and forty
two million less than this year's spendingplan by Bass says the proposal is a
reset and includes sixty five million dollarsin cuts to her signature inside Safe Program,
an increase of more than one hundredand thirty eight million dollars for the
(14:37):
LAPD and twenty three million dollars lessfor the LA Fire Department Death Row.
Inmates from San Quentin are being transferredto a prison in San Bernardino County,
and locals are not happy. Sothe official say the California Institution for Men
in Chino is in poor condition,and they're worried and inmate with nothing to
lose could escape. The aging facilitysa Quenton will eventually be converted into a
(15:01):
rehab facility. The Angels have playedand lost their ten thousandth game. The
Angels played their first game April eleventh, nineteen sixty one, coincidentally, also
against the Baltimore Orioles. The Angelshave a four nine hundred and sixty seven
to FIVEY twenty nine record. TheAngels lost game number ten thousand, four
(15:24):
to two at six oh five.It's handled on the news. We got
homeless, violence, and metro,all three big issues in LA wrapped up
into one. Right now, Let'ssay good morning to the host of How
to Money on KFI. It's JoelLarsgard Joel goals the gold is the hot
item right now. Oh yeah,it really is. It's so hot and
(15:45):
so hot. The cost is sohot right now makes you think of a
line from the movie Zoolander back inthe day. But yeah, even Costco
is selling gold bars, and Costcois selling out almost immediately every time they
put them up for sale on theirwebsite. So there is an intense interest
in gold right now. And whenyou actually look at kind of recent returns,
gold is kind of up there withthe overall stock market in recent years.
(16:08):
So there's I think a reason,like when the number goes up,
it piques more people's interests. Isthe same thing that happens with bitcoin.
When bitcoin's on the rise, everyone'slike, oh, should I invest in
bitcoin? And so yeah, Ithink it's on the minds of a lot
of people. And you know,whether or not you should invest in gold
depends, I think on a varietyof factors. But the one thing you
have to be at least aware ofwhen you invest in gold, specifically when
(16:32):
you invest in physical gold, likeyou're buying those gold bars on Costco's website,
is the friction in selling that gold, and so not just how difficult
it might be. You you canjust list that thing on Facebook marketplace,
right, right, I mean Iguess you could, right exactly. Yeah,
I'm selling gold bars, come onover here. It's like a target
(16:52):
on your back, right. Butthe friction and then the cost to you,
the inefficiency of buying and selling goldmakes it especially physical gold makes it
less attractive of an investment. Inmy opinion. I get why some people
want to hold a little bit ofgold in their portfolio, but the way
gold has been performing and the waypeople have been talking about gold, I
think is getting a lot more peopleinterested, like ooh, I probably should
(17:15):
have a lot more exposure to goldin my investments, and that might not
be the case, so pass onit. Ors. Again, it depends
on what your goals are and whatyou're trying to do with your portfolio.
I think, especially for younger investors, gold is a distraction. The truth
is, gold is a shiny goldrock in many ways, right, And
(17:37):
it's not that it doesn't have anyvalue. But if you are a younger
investor with many decades left in yourtime horizon, I would much rather have
you invested in most league stocks andbusinesses that are creating the next wave of
technology and innovation. I would ratherhave my future tied to those companies than
(17:59):
I would eyed to gold. Butif you are, you know, in
those retirement years or getting close tothose retirement ears, having some exposure to
gold can you can can at leasthelp you as a as a as an
investor with with different needs. Right, So, so much depends on where
you're at in your investing horizon.But again it's important to note the frictional
cost and the friction and the costassociated with buying and selling gold. If
(18:22):
you want to have exposure to gold, I prefer people buy gold inside of
like a low cost ETF. That'sthe other thing is some of these ETFs
the race to especial so in exchangetraded fund So it's it's basically you're owning
gold, but you don't actually haveto keep it on premises, right,
which means less likely getting a lesslikelihood of getting robbed for that gold.
But also just it's easier to buyand sell. It's like you can buy
(18:45):
it and sell it just like you'retrading a stock. Gotcha. Okay,
And as you were talking about gettingcloser to those that retirement age. You're
saying, if you're if you're gettingready to retire, you might want to
think a stick in an out justa little bit longer. So yeah,
there's this dual edge sword of onemore year syndrome, right, And it's
(19:06):
like, oh, if I justwork one more year, then all of
these great things will happen, andthen I can retire in style. And
sometimes what that leads people to dois to working longer than they probably needed
to because they're too conservative. ButI do think it's important to think about
the trade offs of working one moreyear. So first, you end up
saving more because you let's say you'reworking that year and you continue to toss
(19:29):
ten, twelve, fifteen percent intoyour retirement account. Boom, that's a
win, right, another year ofcontributions that can work for you. And
second, you need to save lessfor retirement because you've got one less year
to fund, which is a greatnews. And then you can die,
right, yes, exactly. Wellyeah, well, let's say you're gonna
die at the same age. Right, it's not going to change the age
you die, but you've got oneless year to fund because you wouldn't you
(19:52):
didn't take that year off. ThenYou've got more time for your investments to
compound, which is great. Soyou've got another year of hopefully market gains
that are allowing your investments to continueto grow. You can delay taking Social
Security a little bit longer, whichmeans you're going to get a bigger check.
So all of these things would pushyou towards saying, yeah, maybe
I will stick it out for onemore year. And depending on where you're
at kind of in the nest eggyou've been able to build up, that
(20:15):
might be the right move. Butbut then the other thing you have to
factor in is life right, andso you have to say, well,
what do I want it? Somaybe part time is a better way to
go. And I think that's areasonable way for people to kind of back
off slowly from work instead of makingit this all or nothing proposition. I
think the way we've talked about retirementin this country, it's not necessarily the
most helpful, the most healthy,And so maybe it's not either work full
time or not work at all.Maybe it's this gradual decline in how much
(20:40):
we work, allowing us to kindof maintain some of those connections and some
of that purpose that work can giveus. While also saying I don't need
like a full size paycheck, andthen it gives us maybe the best of
both worlds. Okay, so manydecisions, so many decisions when it comes
to money, and you know,like there's a lot of times I wish
everything was just very cut and dry, but it's not. There's so much
nuances and that's why we appreciate youto help us, to help guide us
(21:04):
through these things. You're right,it's complex and sometimes it does feel overwhelming.
So anytime we can cut through theclutter with hopefully some good information and
wisdom, that's what that's what thegoal is. And Joel is going to
help you cut through the clutter thisweekend on how to Money with Joel.
It's Sunday from noon to two righthere on KFI. You can also follow
him at how to Money Joel.Thank you, Joel. Thanks Amy.
(21:26):
The Dodgers are going to take onthe Nationals this afternoon in Washington. The
first pitch goes out at three fortyfive. You can listen to every play
of every Dodgers game on AM fiveseventy LA Sports Live from the Galpin Motor
Broadcast Booth, and you can streamall the games in HD on the iHeartRadio
app keyword AM five seventy LA SportsGo Blue. A man has been booked
(21:48):
on suspicion of murder and connection withthe stabbing death of a woman on a
metro train in Studio City. Pleasesay the man repeatedly slashed the woman in
her sixties after stealing her purse earlyyesterday morning on the Universal City B line.
At least say the forty five yearold man arrested is homeless. Express
is closing one hundred stores across theUS as it files for Chapter eleven bankruptcy.
(22:10):
The retailer said it received a nonbinding letter of intent from a group
of investors to purchase it. Thecompany has over five hundred stores worldwide.
The world famous Budweiser Clydesdales are gettingready for their annual appearance at Stagecoach.
The Country Music Festival is this weekendin the Coachella Valley. It's headlined by
Eric Church, Miranda Lambert and MorganWallen. A Dalmatian coach dog will accompany
(22:33):
the eight horse hitch and red Budweiserbeer wagon to protect the horses and guard
the beer. Of course, atsix oh five, it's handle on the
news. One hundred and fifty arrestshave been made honor around a college campus
in New York as pro Palestinian protestscontinue and spread. At five point fifty,
ABC's Jim Ryan's gonna bring our headskunout of the clouds. When it
comes to our dreams of winning bigwith the Lotto jackpot, I'm buying my
(22:56):
ticket anyway. KFI Steve says artificialintelligence may decide what news stories you'll be
exposed to in the upcoming presidential election. AI has become all the rage,
and as society tries to decide howit fits into our daily lives, there
is an industry that wonders if itcould change democracy. That industry journalism,
(23:18):
I think, especially with news andreporting, as an area to tread lightly.
So we've talked a little bit abouton the editing side. As you're
you know, you already have thestory you want to come in and pull
the relevant clips. That process canbe easier if you're starting a little earlier
with the like story creation and tryingto do research. I think that's an
area for cautions. Rachel Joy Victoris the co founder of fabric Ai,
a group that helps companies understand howto use AI and what to watch for.
(23:41):
I caught up with her at theannual convention of the National Association of
Broadcasters here in Las Vegas, andI wondered, as a journalist, should
I dabble in AI for research andstorytelling. A lot of the models that
we're working with right now, ifwe're talking about chat GPT, we're talking
about these large language models are generativeonly, right, So they're based on
probability, they're based on kind ofthe system is scraping up all this information
(24:03):
from online and going in and findingpatterns. So often we have enough data
that those patterns are accurate, butnot always. Victor says the technology can
be fun, interesting and very useful, but when it comes to journalism,
she says, AI still needs abassline. After all, how would AI
decipher the ethics of a story,protect a source, calculate the nuances of
the human condition. So if yougo in and like actually start playing with
(24:25):
chat GBT or these kind of modelsand look for things around dates, around
specific names of people or places orbooks or things like that, it gets
the facts almost right, but notquite. So it's easy to feel like
confident and saying like, great,this generated output looks great, but that
little piece of that accuracy can bekind of really thrown off. I was
curious about other applications for AI inmy world, so Victor referred me to
(24:47):
Audio Shape and their head of engineeringJonathan Lott, use AI to separate audio
in different formats. So we musicspace, we separate vocals, drums,
bass, guitar, different instruments,and now on the film space, we
have models that can actually separate dialoguefrom the music and effects. And then
we also do music removal as well, so those are the main offerings we
(25:08):
have. We also work on amodel that actually can separate speakers, like
if you're doing interviews, you canactually isolate the two speakers if they're talking
over each other. That says they'renow working on projects for the NFL and
the BBC. In fact, they'vebeen separating tracks from old episodes of Doctor
Who so the series audio tracks canbe recorded in other languages. So in
this case, AI can be anamazing Workhourse and speaking of the BBC,
(25:32):
Director General Tim Davie recently said thenetwork will embrace AI, but only on
their terms. As we move toan Internet only world, we can shape
this tipping point to act for thebenefit of the British public. We can
choose not to realize solely on USand Chinese tech companies who may not have
the interests of a shared British cultureand our democratic, tolerant society at their
(25:53):
heart. This will require us tocreate unique algorithms to serve all that for
good, olgorithms and AI that bringus closer, not drive us apart.
Personalization of course, but not drivenby a narrow commercial return. Judy Parnell's
the head of the BBC's Standards andIndustry and says AI cannot be avoided,
(26:15):
but it can be harnessed for goodto improve the process of news gathering and
to increase trust in the truth oftheir reporting. Here at KFI, we're
still exploring how AI may even workfor what we do. We're certainly keeping
an eye on how other news organizationsmight use AI, and if it fits
for us, we may consider it. But for now we're doing news the
old fashioned way, personally checking,rechecking and verifying. Steve Gregory KFI News.
(26:40):
Thank you, Steve, it's oneof the best in the business.
Let's get back to some of thestories coming out of the KFI twenty four
hour newsroom, and eleven year oldboys been reported missing in Compton. Irvin
Diaz was last seen yesterday morning onNorth Bradfield Avenue near East Pixley's Street.
He's Latino, four foot eleven,about one hundred and twenty pounds, with
brown, brown eyes and brown hair. He was wearing a black shirt,
(27:03):
gray Dicky's pants, and black Nikeshoes. The family of a man fatally
shot by La County Sheriff's deputies inCarson has filed a federal civil rights lawsuit
alleging excessive force. Deputies confronted theman at a gas station last summer after
a worker saw him yelling at thegas pumps. Attorney Michael Correo says the
Sheriff's department initially told Arturo Sernaz familythat the deputies fired because they believed he
(27:26):
had a weapon. Now come tofind out later that there's a very clear
video that shows that he was shotfour times in the back. They're furious
angry. Coreo said yesterday. He'salso calling on Da Gasconne's office to file
criminal charges against the deputy who firedthe fatal rounds. The Sheriff's department has
not yet responded for comment. ChrisAdler KFI news, a state senator from
(27:48):
Huntington Beach, wants animal shelters topost the number of animals they euthanize each
month. Surely they know the numbers, so what are they hiding? State
Senator Janet Wins says her two newbills would require a month report on euthanasia's
deaths, adoptions, and other animaltreatment stats that are often kept hidden from
the public, and posing intakes,outtakes, and utilization numbers on website and
(28:08):
hosts shelters accountable. This then createspressure for shelters to do venerians. When
also told the committee yesterday, legalizingtrapped newter release programs would reduce cat populations
and euthanaser rates by neutering then returningcats to a community in which they were
already thriving in Orange County Corbin Carsonk if I news. The Senate is
expected to vote today on a ninetyfive billion dollar foreign aid bill that includes
(28:32):
more than sixty billion dollars for Ukraine. Republican Congressman Tom Keane, who was
in Ukraine's capital yesterday, says hesupports the bill. I'm confident though the
stringent oversight and accountabuilding measure in placeto ensure that our aid is not subject
to fraud, corruption, or diverseand once on the battlefield, we know
that US provide weapons, will weput to good use. The bill,
(28:52):
which passed the House on Saturday,also has billions in funding for Israel and
Taiwan. A neutrality review of aUN agency helping Palestinian refugees has found Israel
never expressed concern about anyone on stafflists. It comes after Israel claimed a
dozen employees of UNRAW participated in theOctober seventh Hamas attack. The report found
(29:15):
that UNRAW has robust procedures to upholdneutrality, but also found some staff had
publicly expressed political views and certain textbookscontained problematic content. It says from twenty
twenty two to twenty four there wereone hundred and fifty one allegations of neutrality
being breached at the agency. Soyesterday they broke ground on the high speed
(29:40):
rail. It's going to go fromLas Vegas to Rencho Cucamonga, and apparently
it's going to get you there intwo hours, about half the time it
would take you to drive and youdon't have to deal with traffic jams.
But it made me think, sohere's something to chew on. It's a
funded brightline is the company who's buildingthe tracks. Two hundred and eighteen miles
track is going to run along thefifteen The cost for California's high speed rail
(30:07):
project, which voters approved with tenbillion dollars in funding in two thousand and
eight. The costs have absolutely explodedand that project has just barely started.
The full cost of putting in atrain that would run from San Francisco to
La was originally estimated to be aboutforty billion dollars, but now those costs
have skyrocketed. So now they're sayingit's going to cost between eighty eight and
(30:32):
one hundred twenty eight billion dollars toget this project completed. And guess what,
it's not going to be done untilwell, the first section of it.
It's not going to be done untiltwenty thirty. They're saying the first
one hundred and seventy one miles connectingMerced to Bakersfield, which why would anybody
ride that because it doesn't take youanywhere? Has gone up from twenty five
(30:52):
point seven billion dollars to at leastthirty two billion dollars and again their whole
to have service begin in twenty thirty. The Bright Line project from Rancho Cucamonga
to Las Vegas twelve billion dollars.It's going to be two hundred and eighteen
miles, right. So the otherone's one hundred and seventy one miles from
Bakersfield to Merced and it's going tocost like up to thirty two billion dollars.
(31:18):
This one is two hundred eighteen milliondollars or two hundred and eighteen miles
twelve billion dollars. Construction is nowbegun and it's expected to be done in
time for the Summer Olympics in twentytwenty eight. Private versus public just something
to think about. La Mayor Basshas released her proposed multi billion dollar city
(31:40):
budget for twenty twenty four and twentyfive. The new budget's two hundred and
forty two million dollars less than thisyear's spending plan. Bass says the proposal
is a reset and includes sixty fivemillion dollars and cuts to her signature.
Inside Safe Program, a man's beenconvicted of ripping off seniors by getting him
involved in a fake community in Belize. Prosecutors say the guy I got two
(32:00):
couples and a woman to buy intoa luxury resort community that was supposed to
have a hospital with US doctors,a championship golf course, a casino,
hotel, airport, marina, anda village with high end boutiques, restaurants,
cafes, and a grocery store.Well there was a development, but
none of those amenities, and theinvestors all lost their money. He's going
to be sentenced in May. Andso much for the super bloom. Lots
(32:21):
of rain has colorful wildflowers covering southernCalifornia's deserts and bluffs, bluffs and open
spaces, but a lot of scientistssay this year's flowers are not spectacular enough
to be called a super bloom.The scientists say that a true super bloom
is a once in a lifetime event. We're minutes away from handle on the
news this morning. It's up tothe Senate now to pass or not to
(32:43):
pass a ninety five billion dollar foreignaid bill. The votes coming up.
And since we're talking about big money, let's talk to ABC's Jim Ryan.
I got my lotto ticket for Powerball, Jim one hundred and fifteen million dollars.
Megabut or Mega Millions is two hundredtwo million dollars to night. Yeah,
I'll probably win, huh probably.Yeah. The next drawing, I
(33:04):
think power Ball is tomorrow and it'sone hundred and thirty million. I believe.
Oh was it up tow one hundredand thirty nowe yeah, because nobody
won last night. Okay, butplenty of people played. Plenty of people
do play. In fact, evenif you didn't say I never play a
lottery, fifty percent of Americans buyat least one ticket every year, right,
So, whether it's an office poolor they're doing it on their own,
(33:25):
about half of Americans do play thelottery at least once a year.
Well, and I think of itas like it's two dollars. So if
I get one Mega Millions and onepower Ball, that is a cup of
Starbucks coffee, and I can makemy own coffee. So it's sort of
you know, it's not like I'minvesting a lot in it, right,
So why do it anyway because I'mgoing to win? Okay? Right?
(33:50):
What if you're not going to win? There there are millions of cases of
people, billions maybe of people whotried to win, they didn't win,
and you know, at least scratchit all, and they go, okay,
well let's let's give it a shot. Some folks though to decide that,
yeah, you know, I didn'twant I bought two tickets, but
neither one of them won. Thetickets, the numbers didn't they didn't manche
the power ball or the whatever statelottery they're in, right, So this
(34:13):
woman says, I do have twotickets, but if I got them apart
right down the middle of then tapethem together, it comes out as a
million dollar winning ticket. So thepolice say that's what she did. Her
name is Kira Enders, thirty sixyears old, lives in Pensacola. Went
to the Escambia County Lottery office thereand presented this ticket and then swore she
wrote, you know, she filledup paperwork which swears that the ticket is
(34:37):
real in order to get her amillion dollar winnings. But the Florida Lottery
officials immediately spotted the forgery and said, you know what, this isn't real,
and she said, sure, it'sreal and signed the paper and now
she's in jail, or she wasin jail last week. Her boyfriend too,
Dakota Jones. Both of them werearrested in connection with this scheme.
Even though it didn't work. Youknow, they couldn't just walk away say
(34:58):
okay, you got me all right, so we won't do it again,
and they left. That's not thecase. They faced serious charges, including
theft of one hundred thousand dollars,even though they didn't collect anything. How
are they facing the theft chargers?Well, it's forgery for one thing.
It's forgery that goes with that.And yes, even though they didn't they
were not able to pull this thingoff. They tried to pull this thing
(35:21):
off, and so that constitutes theft, grand larceny and what are some of
the other things that people have triedto do. Well, there's a couple
last week in Iowa, roommates.Actually they're not married. They're not going
together, I guess, but roommates. The one roommate, his name is
Lars and Alvin hands Larson. Thethird he's got some legal problems there in
(35:45):
Iowa and he would have to payback I suspect child support or something.
So that if you want a bunchof money, the state officials are going
to see that. They're going tosay, hey, we're going to take
this money from you because you haveto pay your whatever debt you owe.
So he says, tell you what, once, you go and cash this
in Sandy his roommates. So SandyCrow goes and cashes it in, and
there's a picture of her grinning withthe oversized check for thirty thousand dollars.
(36:09):
Well, you know, it turnsout that then they got into a fight,
Candy in a roommate and the policewere called. The police figured out
that it was all over this lotteryticket that Larson won, but that Sandy
turned in that too, is fraudin the lottery. It's not as serious
an offense as trying to turn ina million dollar ticket. So they lost
(36:30):
the thirty thousand dollars plus had topay five hundred bucks on top of that.
Maybe they should change his last nameto larceny. That's perfect. Why
didn't I think of that? Larsand need. There was a case last
year in Boston this father and sonwho ran a scheme for ten years,
ten years, millions of dollars worthof fraud. Committee they would purchase people.
(36:54):
Let's say that you were like misterlarceny, and you had some debt
to the stage child's or for example. So this guy Ali Jafar and his
son Yusef, they would buy theticket from you at a discount. Let's
say it's a million dollar ticket.They'd buy it from you for seven hundred
and fifty dollars, and then theywould they would submit it for the full
million dollars. And they were doingthis for a year after you. I'm
(37:15):
not sure how they were never caught, but eventually they were. It's crazy
that they even were able to getaway with it in the first place.
Well, I'm gonna just do itthe right way. I'm going to buy
my two dollars ticket and hope forthe best. I know my odds are
like one in two hundred and ninetytwo. You went fantastic. If you
lose, you know, you lickyour wins and save up another couple of
bucks and go buy it next time. Right, you got it. ABC's
(37:35):
Jim Ryan, thank you so muchfor the info. Jammy. All right,
this is KFI and kost HD twoLos Angeles, Orange County. We
lead local live from the KFI twentyfour hour newsroom for producer and and technical
producer KNO I'm Amy King. Thishas been your wake up call. If
you missed any wake up Call,you can listen anytime on the iHeartRadio app.
(37:58):
You've been listening to wake Up Callwith me, Amy King. You
can always hear Wakeup Call five tosix am Monday through Friday on kf I
Am six forty and anytime on demandon the iHeartRadio app.
Wake Up Call with Amy King News
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