August 26, 2025 • 42 mins
Amy King hosts your Tuesday Wake Up Call. KFI White House correspondent Jon Decker opens the show sharing the latest out of Washington D.C. ABC News investigative reporter Peter Charalambous talks about Kilmar Abrego being held in Virginia as battle continues over deportation. Courtney Donohoe from Bloomberg joins the show to talk about the latest in business and what is affecting the markets today. The show closes with the host of ‘How to Money’ Joel Larsgaard talking about credit card spending slowing and stock market influencing.
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Transcript
Episode Transcript
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Speaker 1 (00:00):
You're listening to KFI AM six forty wake Up Call
with me Amy King on demand on the iHeartRadio app.
Speaker 2 (00:09):
K f I and KOST HD two Los Angeles, Orange County.
Speaker 3 (00:20):
And Daddy Who would have been your host?
Speaker 4 (00:24):
Amy Kay, Good morning, Welcome to your Tuesday.
Speaker 1 (00:39):
This is your wake up call for August twenty sixth.
Speaker 5 (00:43):
I'm Amy King.
Speaker 1 (00:43):
We're live everywhere on the iHeartRadio App. We have to
start our show on a sad note. Today we lost a.
Speaker 5 (00:57):
Wake up call listener, this darn back to school stuff.
Got a message on the talkback.
Speaker 3 (01:05):
Hey, maybe good morning. You know, wake up calls kind
of cool all summer long. I'm a teacher and had
the summer off. It was fun to listen to all
morning each day and doing my morning walks when it
was like ninety degrees at five am.
Speaker 5 (01:24):
So it's back to school and now no time for
wake up call.
Speaker 1 (01:30):
Oh well, for a good reason though, right He's a
teacher for goodness sake, shaping the minds of the children
of America. Anyway, if you'd like to weigh in on
anything on the talkback, you're welcome to do so. Just
go to the iHeartRadio app and there's the little microphone
(01:50):
up in the upper right hand corner.
Speaker 5 (01:51):
We'd love to hear what you have to say. Here's
what's ahead on wake up call.
Speaker 1 (01:55):
Quick work by CalFire air tankers and water dropping helico
stopped a fire sparked by a lightning strike in the
San Bernardino National Forest in Iguanga. The fire started just
after four thirty yesterday afternoon. Crews were able to stop
it about an hour and a half later. Thunderstorms are
possible in the mountains and high deserts of southern California
(02:16):
again today. A Jeep suv is crashed through the front
window of the Kaiser Permanente in Porter Ranch. LA Fire
says the glass front of the building was shattered in
the crash yesterday just after noon. The white suv came
to a stop completely inside the waiting room of the
offices on Ronaldi Street. One person had some minor injuries.
(02:36):
A federal judge has blocked the deportation of Kilmar A
Brago Garcia to Yukonda for now. A Brago Garcia's lawyers
filed a challenge of Trump administration efforts to deport him
for a second time. After he was taken into custody
again yesterday, the judges order prevents a Brago Garcia from
being deported before August twenty eighth, and we got ABC's
(02:58):
Peter harlm Boost going to join us with the latest
on that and what's coming up next. At five point twenty.
President Trump had a busy day at the White House.
He met with South Korea's leader, He got rid of
cashless bail, he banned flag burning.
Speaker 5 (03:13):
We'll see how that holds up.
Speaker 1 (03:15):
Kfi's White House correspondent John Decker was there with the President.
Speaker 5 (03:18):
He's going to tell us all about it in just
a couple of minutes.
Speaker 1 (03:21):
And we're using our credit cards less and our debit
cards more. The host of How the Money on KFI,
Joel lars Card's going to tell us the upside and
the downside of that.
Speaker 5 (03:34):
Coming up at five point fifty.
Speaker 1 (03:36):
Let's get started with some of the stories coming out
of the KFI twenty four hour newsroom. The father of
the seven month old boy reported kidnapped in Yukaipa has
been helping investigators search for the baby's body, but the
mom is sticking to her story. The parents were arrested
for murder last week. Rebecca Harrow told reporters on Sunday
from jail that she's not giving up on her baby
(03:58):
and that she wishes she were out searching for him.
She also shook her head when asked about rumors that
she went to the Big Five before the reported kidnapping
and told employees her car had been burglarized and asked
if the business had security cameras. California Republicans are filing
an emergency petition in the state Supreme Court challenging the
(04:18):
state's redistricting plan. Republican state Senator Tony Strickland says they
want to preserve the non partisan citizens Redistricting Commission that's
already in place in the state.
Speaker 6 (04:28):
Every loophe that they do, every constitutional measure that they break,
we're going to challenge them in court.
Speaker 1 (04:34):
He says there should be a non partisan redistrict redistricting
commission for the entire US. President Trump says he's going
to sue California over its plan that, if approved by voters,
would change voting districts in favor of Democrats. Trump told
reporters the Justice Department will be filing the lawsuit. Newsom
(04:55):
responded by posting on social media that Trump can, in
his words, bring it getting kind of nasty between those two.
Residents and business owners in Downtown La say it's time
to clean up the neighborhood and make it safe for again.
Speaker 7 (05:08):
A new survey from the Downtown La Residence Association shows
near unanimous concern over the amount of mental health crises
taking place in the neighborhood's streets. Co founder Leslie Writing
says naked people or people screaming at the air or
acting menacingly threatens Downtown's viability.
Speaker 1 (05:22):
I think we kind of view it in the sort
of spectrum of compassion, but at some points like we
have to do something about it, because right now the
city and counties are doing anything.
Speaker 7 (05:31):
The survey also cites public urination and defecation, crime and
vandalism among the top concerns. Respond and say more police
on foot and bikes are needed. Michael Monks KFI.
Speaker 1 (05:40):
News public urination and defication. Isn't that a nice way
to start your day? We actually, we were in Koreatown
the other day, or no, it was in Chinatown. We
had to go pick up something that I had framed.
There was a woman right there on the street. When
you gotta go, I guess you gotta go. More Overnight
lane closures are planned on the four or five through
(06:01):
the some Covida Pass. Cow transcrews are going to be
working overnight on median barriers tonight, Tomorrow and Thursday. Closures
will start at ten pm each night and continue until
six am. Up to two lanes on both sides of
the freeway are going to be affected between Wilshire Boulevard
and Mulholland Drive Skirball Center Drive. Well, let's check your
drive early this Tuesday morning. Got a crash in Tarzana
(06:24):
on the one oh one. Good morning, will call shrive
good morning.
Speaker 8 (06:27):
Yeah, we're off to kind of a rough start there.
Speaker 2 (06:29):
One on one freeway northbound or westbound right there when
NEKA three right lanes blocked with this crash. One vehicle overturned,
another vehicle on fire. A lot going on there. We
don't have word of how badly anyone was injured, but
certainly some big delays starting at around Receipta Boulevard again
that says you head westbound on the one oh one
westbound side of the ten right around Mountain. Looks like
(06:53):
we have a little slow down there with the two
left lanes blocked to crash there and traffic slow basically
back Monte Vista if you're trying to go northbound on
the two fifteen before Martin Luther King Junior Boulevard hit
and run crash being investigated in the center divider. And
wouldn't you know one ten Freeway southbound at PCH we've
got homeless encampment fire putting up some smoke there across
(07:16):
the freeway to watch out for that. With Southern California's
most accurate traffic reports, I will Cole Schreiber.
Speaker 5 (07:21):
Thank you, Will Cole Schreiber. It is a five to seven.
Speaker 1 (07:24):
Let's say good morning now to kfi's White House correspondent
John Decker.
Speaker 5 (07:30):
John, good morning, President Trump.
Speaker 1 (07:32):
Pretty busy yesterday signing executive orders, meeting with world leaders,
and was in front of the cameras quite a bit.
Speaker 6 (07:39):
Hey, yesterday he was, and he'll be back in front
of the cameras today. That's because his monthly Cabinet meeting
takes place eleven a m. Eastern time today and the
President getting a readout in terms of how things are
going from all of his cabinets, Secretary's agency heads on
a variety of issues, trade on me the war in Ukraine.
(08:01):
That's where the President will get that happening. That will
happen a little bit later in the President likely will
take a few questions from the press corps in the
Cabinet room just a little bit later today.
Speaker 1 (08:12):
Okay, so what are some of the things that he
announced yesterday?
Speaker 6 (08:16):
Well, yesterday signed a few executive orders, one targeting flag burning.
That is something that the President would like to see outlaw.
The Supreme Court has ruled on this matter before. They
have indicated that it is a form of expression protected
by the First Amendment. But that is something that of
(08:37):
course is president but it could be overturned in case
this does get challenged in the federal courts and works
its way back up to the US Supreme Court once again.
The President still focused on his efforts to bring down
crime and a number of major American cities. As you know,
he deployed the National Guard here in the nation's capital
(08:58):
and has threatened to do the same in a number
of other American cities such as Chicago, Baltimore, and New
York City. The President has not pulled the trigger on
just yet on that just yet, But those democratic governors
of Illinois and Maryland and New York State say they
will not invite the National Guard into their states.
Speaker 1 (09:19):
Because didn't he say something like I shouldn't order them,
we should be invited in or something to that effect.
Speaker 6 (09:26):
He did say something to that effect. But as you know,
I don't believe that your governor Gavin Newsom invited the
National Guard into Los Angeles when that happened just a
few weeks ago. So the President obviously has a different
point of view in related to having the National Guard
(09:46):
deployed to these major cities. And if you look at JB. Pritzker,
the governor of Illinois, he's really pushed back hard against
President Trump. The same thing can be said for Wes Moore,
he's the governor of Maryland. Either of those governors say
they have any intention of inviting the National Guard into
their states.
Speaker 5 (10:04):
And did Trump's.
Speaker 1 (10:05):
Does Trump seem like genuinely kind of surprised that the
governors aren't more open to the idea of coming in
to help crack down on crime in their cities.
Speaker 6 (10:17):
I don't think he's that surprise. We're talking about democratic governors,
and in the case of both Wes Moore and JB. Pritzker,
they have national ambitions. They likely will be running for
the Democratic nomination in twenty twenty eight, so this is
certainly a way for them to elevate their profile nationally.
So I don't think the President is all that surprised
(10:39):
in terms of the pushback that he's getting from those
two politicians in particular.
Speaker 1 (10:44):
All Right, kfi's White House corsmondent John Decker, We're going
to let you go now because we know you have
other things to do besides just hang out.
Speaker 9 (10:51):
With r so hot Amy, have a great day.
Speaker 5 (10:53):
All right, we'll talk to you soon.
Speaker 1 (10:54):
Let's get back to some of the stories coming out
of the KFI twenty four hour newsroom. The family of
one of the most vocal accused of Jeffrey Epstein, has
criticized the Department of Justice for releasing the audio of
an interview with his former companion, Gillaine Maxwell. ABC's Aaron
Katirsky says the family claims it allows her to try
to rewrite history.
Speaker 10 (11:14):
The family of Virginia Guffrey furious after DOJ released audio
and transcripts of Maxwell's nine hours sit down with Deputy
Attorney General Todd Blanche, who used to be President Trump's
personal lawyer.
Speaker 1 (11:25):
He says the family's also upset with Maxwell being transferred
to a minimum security prison camp after the interview. President
Trump has fired Federal Reserve Board Governor Lisa Cook.
Speaker 11 (11:35):
In a letter posted on truth Social, he said that
he is firing Cook because of allegation that she committed
mortgage fraud. Cook was appointed by President Biden and was
set to serve in the role until twenty thirty eight.
Speaker 1 (11:49):
ABC Stephanie Ramos says the firing comes as Trump keeps
up his pressure on Federal Reserve Chair Jerome Powell to
lower interest rates. The President's defending the US government securing
a ten percent steak in Silicon Valley chip maker Intel.
Critics say the administration is ignoring free market principles by
partially taking over a public company. Trump says the deal
(12:11):
has made eleven billion dollars for the US, and.
Speaker 12 (12:13):
Yeah, there will be other cases that I have that
opportunity again, I would do that.
Speaker 10 (12:17):
And then you know, you do have stupid people say, oh,
that's a shame. It's not a shame.
Speaker 2 (12:20):
It's called business.
Speaker 1 (12:22):
Intel says it could pose risks to its business, from
potentially harming international sales to limiting its ability to secure
future government grants. A former Mexican cartel Kingpinn has pleaded
guilty to drug trafficking charges. The man known as El
Mayo led the Sineloa cartel with El Choppo. During his
(12:42):
hearing yesterday in New York, he apologized for flooding the
US with cocaine and other illicit drugs and took responsibility
for his actions. El Mayo, who's seventy seven, will be
sentenced to life in prison. January thirteenth, Venezuela is deploying
about fifteen thousand troops to its board with Columbia in
a stated effort to fight drug trafficking. The move comes
(13:04):
as the US has sent warships to the region in
an operation against drug cartels. The Trump administration has accused
Venezuelan President Nicholas Maduro of working with the cartels and
has issued a fifty million dollar reward for Maduro's capture.
A powerful dust storm has caused some damage in Phoenix, Arizona,
including at Sky Harbor Airport.
Speaker 5 (13:24):
A towering wall rolling in.
Speaker 13 (13:27):
Drivers facing rain and winds up to seventy miles per hour.
As the dust storm, commonly referred to as a haboob
rolled in plunging the city into near zero visibility.
Speaker 1 (13:38):
ABC Sophie Flay says the storm knocked out power yesterday,
grounded flights, and blew off part of the roof of
Terminal Force concourse, have you ever been in a hoboob
a dust storm like that?
Speaker 5 (13:48):
They're pretty freaky.
Speaker 1 (13:49):
We were in Phoenix one time and you could She
mentions the wall, like you literally see a wall of
just this brown sort of churning in and you're like,
what is that? And he luckily ducked into a business.
Actually it was a bar to drink and that when
we were done. Yeah, and when we were done, it
had cleared. But they are pretty they're a little bit freaky.
Speaker 5 (14:10):
Plus they're just hating to say. I Love dogs. National
Dog Day.
Speaker 1 (14:16):
This is the day since two thousand and four that
has been set aside in recognition of our favorite furry friends.
Celebrity dog trainer Chrissy Joy tells KFI it's a great
time to do something other than just walk your CA
nine pal.
Speaker 13 (14:28):
A lot of times you can work a dog, and
you can walk a dog, but they're not mentally being enretched,
you know that. So it's important to find some other
things that you can do to make.
Speaker 5 (14:38):
Them happy mentally enriching. I love it, she says.
Speaker 1 (14:41):
If you like to watch TV with your dog, a
good channel to try is dog TV. She says, the
colors look a little different because it's tailored specifically. Wrapper
Lil nas X has pleaded not guilty of four felony
charges in connection with his arrest last week in Studio City.
Remember it came after he was found wandering down Ventura
Boulevard wearing only his underwear and cowboy boots. The Old
(15:04):
Town Road singer allegedly charged at and punched police officers.
He's facing charges a battery on a police officer and
resisting arrest. No murders have been reported in Washington, d C.
Since President Trump deployed the National Guard to the nation's capital.
The DC Police Union is touting a drop in crime
since the arrival of Guard members compared to the fourteen
(15:25):
days prior to federal control being taken. Robbery is down
forty two percent, violent crime down twenty five percent. No
winner from the Powerball drawing last night that pushes the
next one up to eight hundred and fifteen million dollars.
The drawing on Wednesday will offer the fourteenth largest prize
in US lottery history. There hasn't been a drawing with
(15:47):
a grand prize winner in power Ball since May thirty. First,
its handle on the news is coming up at six
oh five. The President's trying to block California's move to
do some redistricting like Texas did. We'll see what's up
with that. Right now, let's say good morning too, ABC's
(16:08):
Peter Harlambus, Good morning, Peter.
Speaker 9 (16:12):
Good morning Amy. Thanks so much for having me.
Speaker 5 (16:14):
Yeah, thanks for coming on.
Speaker 1 (16:15):
So I was just mentioning a couple of minutes ago
that kil Mar Abrigo Garcia has been.
Speaker 5 (16:23):
I would say busy.
Speaker 1 (16:24):
He's had a lot of ins and outs and moves
and all kinds of craziness in the last couple of months.
But now he's back in custody. So can you bring
us up to speed on where we are at with
this gentleman.
Speaker 3 (16:36):
Yeah.
Speaker 9 (16:36):
At this point, kill Mark Burg. Garcia has spent the
night in a Virginia holding cell. He's under threat of
deportation once again. According to his lawyers, the Trump administration
has offered him a deal. If he pleads guilty the
charges of human trafficking, they'll send him to friendly Costa Rica,
which would take him as a refugee. If he refuses
(16:56):
to plead guilty. They say they're going to send him
to Uganda, an ocean away where he has no family,
no connections. At this point. This comes just months after
the Trump administration took the aggressive stance of bringing him
back to the United States from l Salvador so that
he could face criminal charges in Tennessee. There ap used
to now be a change in stance here. They're trying
to get him out of the country for now. A
(17:18):
federal judge is pumping the brakes on that. But it's
really the latest chapter in this ongoing saga for this
man who's really been at the center of the Trump
the Trump administration's immigration policy for the last six months.
Speaker 1 (17:29):
Okay, and Peter, was the you mentioned the judge put
a stay on deporting him to Uganda for now.
Speaker 9 (17:37):
Yes, that's right. Yesterday Judge Paula Zenix issued a temporary
restraining order and she said that that absolutely forbids the
Trump administration from sending this man outside of the country. Now,
there's a bit of a history here. This judge has
been dealing with the Trump administration for months. The Trump
administration has allegedly flattered multiple court orders from this judge
and even refused to comply with the Supreme Court order
(18:00):
bring him back, bring this man back to the United
States from Alsalvadore. So this judge was very care cautious
yesterday when she issued this order and tried to make
it absolutely clear, no way if Stanserbuds do not deport
this man from the United States. For now, he's being
held in a facility in Virginia.
Speaker 5 (18:15):
Okay.
Speaker 1 (18:15):
And what changed because, as you mentioned, they wanted to prosecute,
but now they either want a deal or they just
want to get him gone.
Speaker 5 (18:22):
So do we know it changed?
Speaker 9 (18:25):
You know, it's it's hard to say because on one hand,
the facts of his case have not changed much of
anything that's been aggressively moving towards trial. I will note
that over the last two weeks, one kind of thing
that has opened the door to this is the fact
that the United States has reached an agreement with Uganda
to accept migrants from the United States. So, you know,
this is a policy the Trump administration has been doing
(18:46):
for the last few months, the last few months, deporting
individuals to countries that aren't their place of origin. So
in this case, Uganda is willing to accept migrants. The
Trump administration has done this with a few other countries
in Central America and a few countries in Africa, for example,
some some migrants present to South Sudan, for example. It's
a bit of a deterrent effect, and with that door
(19:06):
basically open, it kind of provided the Trump administration a
bit of leverage to basically force kill Marburga Garcia to
plead guilty or face deportations. That's that that that country
he's never been to before, okay.
Speaker 5 (19:18):
Or well so that they don't want to try him
at all.
Speaker 9 (19:23):
At this point. According to kilmar Bergo Garcia's lawyers, no,
it's it's a bit of a they're basically saying that
this is judicial extortion, that he's being threatened with either
pleading guilty despite the fact that he doesn't believe that
he's guilty of these charges, so that he can get
to a safer country or face deportation to a dangerous
place that he's never been to before and you know,
(19:44):
doesn't necessarily know where it his future will be like there.
I'll also know that he has family here. He has
a wife, he has multiple children, here, so there's certainly
enough that that incentivizes him to stay in the United States,
and his lawyers want him to stay here and face
those charges and go to trial.
Speaker 1 (19:58):
Okay, well, so do we know what's next or when
any new movement is. Because we've got the stay in place,
he can't be deported until at least the end of
the month.
Speaker 9 (20:08):
So at this point, the judge is saying that she's
going to issue a ruling as quickly as possible insofar as.
Speaker 8 (20:14):
It's a just outcome.
Speaker 9 (20:16):
So she's saying that you can move quickly on this.
The temporary straining order only lasts for about fourteen days,
so I functionally she's going to have to make a
decision soon. And of course it's important to keep an
eye on what the Trump administration does here. They have
had a history of flouting her court orders, so I
guess we'll have to see whether or not they find
a workaround that still allows them to be in compliance
(20:36):
with his court order whilst carrying out their immigration policies.
Speaker 1 (20:39):
All right, ABC's Peter Hierlumbus, thanks so much for bringing us.
Speaker 5 (20:42):
Up to speed. We appreciate it.
Speaker 9 (20:44):
Thanks all Cherry.
Speaker 1 (20:45):
Okay, survivors of the fire in Altadena in January have
called on the state Department of Insurance to take immediate
action to provide wildfire relief and to hold insurers accountable
after months of delays and denials of claims, Members of
They Eat Fire Survivors Network joined state representatives yesterday to
call on Insurance Commissioner Ricardo Lara to comply with five requests.
(21:08):
They include more transparency and loss estimates, and to make
the Department's complaint process more transparent. Transportation leaders in California
have announced a new Senate bill to create more funding
for high speed rail following the loss of four billion
dollars in federal money. Democratic Senator Dave Cortesi, who chairs
the Senate Transportation Committee's funding uncertainties could delay the rail
(21:32):
even more and continue to push up costs.
Speaker 7 (21:35):
We can't build a twenty first century transportation system on
one time money alone, or with limited resources that don't
get us where we're trying to go.
Speaker 1 (21:43):
The project is years behind schedule and is now estimated
to cost up to one hundred and twenty eight billion dollars.
The high speed rail was approved by voters back in
two thousand and eight. Seventeen years ago, and it was
estimated at that time that it was going to cost
thirty three billion dollars. Organizers of the twenty twenty eight
LA Olympic and Paralympics have unveiled their impact and Sustainability Plan.
(22:08):
It outlines how LA twenty eight will support local businesses,
expand youth sports, and implement sustainable solutions. They say they
plan to use existing venues for the games, as well
as reduce the game's carbon footprint by using existing public
existing public transportation, and electric vehicles, among other things. And
(22:29):
doesn't the mayor still saying she wants a no car Olympics,
has she ever driven around LA or trying to get
around on public transportation. California aims to cut chronic school
absenteeism by half over the next five years as it
works to restore attendance post COVID nineteen. The state Department
of Education is released a California Attendance Guide to help districts.
(22:53):
The chronic absenteeism rate rose to thirty percent in twenty
twenty one and twenty two, when most schools had reopened
up after the height of the pandemic. That dropped to
twenty percent for the twenty twenty three, twenty four school
year and Governor Newsom is ramping up his online trolling
targeting President Trump.
Speaker 5 (23:11):
With a pop up shop.
Speaker 8 (23:12):
Newsom posted on x. The Patriot Shop is now open
at store dot Gavinnewsom dot com and has sold over
one hundred thousand dollars worth of merch. It's the latest
move in his recent campaign mocking Trump's social media style.
Customers can purchase items from the shop, including a Newsom
twenty twenty six mug Don't Poke the Baaryard sign, a
baseball cap with the phrasing Newsom was right about Everything,
(23:33):
and a Chosen One shirt featuring Newsom having hands laid
on him by kid Rock Tucker Carlson and an angelic
Hulk Hogan, Mark Ronner Kfi.
Speaker 5 (23:41):
News Yeah Okay.
Speaker 1 (23:44):
The mother of the baby that she claims was taken
from her in a Big five parking lot in Yukaipa
is sticking to her story. She and her husband have
been rested on suspicion of murder. The father was out
with Sheriff's deputies searching a field in Moreno Valley for
the seven months old. Seven month olds remains on Sunday,
but Rebecca Harrow. The mom is still saying from jail
(24:07):
the baby boy was kidnapped. Relatives of Ron Breslovski, who's
being held hostage by hamas, have made another urgent plea
to the US government and the Red Cross to save
him and the other surviving hostages. They held a news
conference yesterday at the Simon Wisenthal Center in La The
twenty one year old was a security guard at the
(24:28):
Nova Festival on October seventh, twenty twenty three. His family
says he stayed behind to help others and saved several
lives before he was taken captive. Gas prices been slowly
rising again in the Southland. Prices are up one cent
a gallon today to four to fifty nine for regular
unleaded in La County. That's the highest it's been since
June twenty eighth. Prices are also up in Orange County
(24:50):
to four to fifty six a gallon. That's the highest
price in OC since June twenty fourth. Here are some
of the stories we're working on in the KFI twenty
four our newsroom. The NAS Weather Services the threat of
monsoonal thunderstorms will linger across southern California again today storm
activity yesterday caused ground stops at three major airports in
(25:11):
La and Orange Counties. The FAA said operations at LAX
were stopped for almost two hours until three forty five,
while flights at Long Beach Airport and at John Wayne
in Orange County were paused until four pm. Severe storms
also hit Riverside County in parts of San Diego County,
A state appeals court panel has upheld the conviction of
(25:33):
Inglewood Mayor James Butts, Junior's thirty nine year old daughter.
She was convicted of assault and conspiracy for masterminding an
attack on her landlord in South LA more than nine
years ago. In a fifty six page ruling, the justices
found that the evidence of Butts's guilt was overwhelming. A
(25:53):
man who allegedly stabbed a woman outside the Westfield to
Paying Gamall in Canoga Park has been charged with attempted
and other crimes. Prosecutors say Shane Suffern first tried to
shoot the woman on Thursday, who had her two year
old child with her, but the gun jammed. Suffern is
also charged with attempted kidnapping and possession of an assault weapon.
(26:14):
The widow of a doctor's shot and killed outside his
office in Woodland Hills is suing the doctor's ex wife.
Speaker 7 (26:20):
The ex wife and four others have been charged in
the alleged murder for higher killing of doctor Hamid Meir Showj.
Attorney Alex Guerrero says mere Showjy's widow and young child
are entitled to assets. They say the ex wife fraudulently transferred.
Speaker 10 (26:33):
We do believe that there has been assets that have
been hidden and or moved to avoid any sort of
civil forfeiture.
Speaker 7 (26:42):
Your Showj was shot to death last year near his office.
His widow says their daughter is entitled to property. She
accuses the ex wife of keeping They've sued for wrongful
death and emotional distress. Michael Monks KFI News.
Speaker 1 (26:53):
President Trump is signed in an executive order directing the
Justice Department to investigate the burning of the American flag
and to prosecute any crime.
Speaker 10 (27:01):
When you burn the American flag, it incites riots at
levels that we've.
Speaker 2 (27:06):
Never seen before.
Speaker 10 (27:07):
People go crazy in a way both ways. There's some
that are going crazy for doing it. There are others
that are angry angry about them doing it.
Speaker 1 (27:17):
The executive order challenges a nineteen eighty nine Supreme Court
ruling that protects flag burning as political expression. Trump argues
that flag burning incites violence and should result in a
one year jail sentence. Some customers are going to have
to pay more to fly Southwest Airlines. The Dallas based
airline is going to require passengers who don't fit into
(27:40):
one seat to purchase a second seat ahead of the flight.
They say that they can then request a refund after
the flight is done if there was at least one
empty seat on the flight. If there wasn't an empty seat,
apparently they'll have to pay for both Southwest open seating
policy and January twenty seventh of next year, time to
(28:04):
get in your business with Bloomberg's Courtney Donahoe. Morning, Courtney, Morning,
Happy Tuesday. Today's Tuesday, right, Yes it is?
Speaker 5 (28:11):
You know what it's like.
Speaker 1 (28:12):
I was watching the news this morning before I came
in and the host said, and it's Wednesday, August twenty six.
I'm like, no, it's not. And then my editor Carlo
was like, I thought it was Wednesday. I don't know
why we're all ahead of ourselves this week.
Speaker 12 (28:24):
It's failing like the longest week, right.
Speaker 5 (28:27):
Maybe it's because it's before a holiday or something.
Speaker 12 (28:30):
Yes, yes, counting down to the three day weekend. And
by the way, the markets are closed on Monday too
for the holidays.
Speaker 1 (28:36):
Oh, I guess that means we won't be talking to
you on Monday.
Speaker 5 (28:39):
I know I'm off on Monday.
Speaker 1 (28:41):
The rest of us will be here, so you know. Okay,
let's get down to the business. AI is making it
harder for the young ones to find a job.
Speaker 12 (28:52):
Yeah, the explosive popularity of AI has definitely shaken up
our workforce, especially for the younger job seekers out there.
Stanford University researchers found that employment has dropped thirteen percent
in the last three years for people who are just
starting out in fields determined to be the most exposed
to AI. We're talking accountants, software developers, administrative assistants. But
(29:13):
it's better news for people who have been around a while,
So that's good news.
Speaker 5 (29:17):
For older workers.
Speaker 12 (29:18):
Employment trends have remained the same or improved for more
experienced workers in those same fields.
Speaker 1 (29:23):
Okay, YouTube's in a standoff? What's going on with that?
Speaker 12 (29:28):
Yes, YouTube TV says it's in talks to a new
it's agreement to carry Fox channels.
Speaker 5 (29:33):
But if a deal isn't reach.
Speaker 12 (29:35):
Fox News, Fox Sports, and Fox Business will go dark
tomorrow on the streaming service YouTube adds that Fox is
asking for payments that are far higher than what other
networks with similar offerings received. But by the way, the
deadline five pm tomorrow, so watch out for that if
you watch Fox on YouTube TV.
Speaker 5 (29:52):
Okay, I am amazed about this.
Speaker 1 (29:56):
The laboo Boo dolls, and everybody's losing their mind over them,
and people are finding ways to profit from them.
Speaker 12 (30:03):
I can't believe I'm talking about the la boo boo economy,
the booming la boo boo economy, which is kind of
weird to say, especially when when I think about my kids.
Speaker 5 (30:13):
Everywhere we go, Mommy, I want to latle boo boo.
Speaker 12 (30:16):
But people have gone wild for these dolls. And if
you haven't seen them, they're plush dolls. They have teeth
in it. But what people are excited about them is
that they're in a mystery blind box. That's their packaging,
so a lot of people want to go in and
buy them. They're scarce.
Speaker 5 (30:33):
Plus a lot of big celebrities love to show off.
Speaker 12 (30:36):
Their la boo boos. We're talking about Brad Pitt there.
But they're a la Boo Boo doll. Yes, some that's
a latle Boo boo, but they're more than toys. They
become this big, vast global marketplace. So people are actually
making money by renting out their dolls.
Speaker 5 (30:53):
By the day, we're being paid to hunt for new drop.
Speaker 12 (30:56):
So not only are they doing this resale, they're hoping
that the the values going to skyrocket in the resale market.
They're doing other things to make some money off of
Laboo boos.
Speaker 1 (31:06):
Okay, so here's another little thing that I discovered when
we went to Midsummer Scream, which is this horror and
Halloween convention, and they had some Laboo Boo dolls and
this like there's a whole fake market too, like whether
they're actually genuine and whether you can tell if they're genuine.
And of course the person at the stall was like, yeah,
(31:26):
they're genuine, of course, And I'm like, what if she
doesn't know if they're genuine? And apparently there's something like
you get a black light and you hold it up
to their foot and if it's if it's genuine, it's
got some sort of an emblem on it.
Speaker 5 (31:39):
Yeah, I was.
Speaker 12 (31:39):
I was hearing my kids talk about uh, lafufoos, you
are the fake labooboos. I guess you know what there
could be. You know, for people who have those expensive bags,
they have people who come in and authorize to make
sure that they're they're real not fake. And maybe we
could have that with La booboos. You and I could
start at this other booming car together with their black
(32:03):
light looking at La boo booths.
Speaker 1 (32:05):
Yes, yeah, let's talk about stocks.
Speaker 5 (32:10):
What's going on with stocks today?
Speaker 12 (32:12):
Taking a look at stocks major benchmarks. We're looking at
modest losses at the open. President Trump's been to else
federerser of Governor Lisa Cook. There were allegations he has
allegations against her that she falsified mortgage documents. That's weighing
on the markets because it's all about a battle for
controller of the Fed and it's definitely unnerving. Investors want
(32:34):
to point out no charges have been filed against Cook.
But Dow futures are down forty points, and this is
building on yesterday's losses. The Dow felt three hundred and
forty nine points to finish out the day.
Speaker 1 (32:44):
Okay, and just one last note in case you forgot,
things are getting spicy at Starbucks starting today.
Speaker 12 (32:52):
Yes, the pumpkin spice lattes back. I cannot believe we're
in fall already, but I guess we're talking football too.
But the fan favorite drunk and the other fall menu
items are available today.
Speaker 5 (33:03):
By the way, what.
Speaker 12 (33:04):
Looks fun is these new Italian sausage eg bites.
Speaker 5 (33:07):
So I'm looking forward to me. Oh okay, which I
love their egg bites. Those are delicious. Yes, big, big
favorite in my family.
Speaker 1 (33:14):
Getting in your business and getting in your fridge. It's
the Bloomberg's courtnaying donaho.
Speaker 5 (33:19):
Thanks so much, Courtney. We'll talk to you tomorrow to
see you later.
Speaker 1 (33:23):
I now am craving Starbucks egg bite, Thank you so much.
California Republicans have filed an emergency petition challenging the state's
redistricting plan. Republicans are trying to get the state Supreme
Court to remove Governor Newsom's plan from the November ballot.
Republican leaders argue that Democratic lawmakers violated state laws by
(33:46):
skipping a required thirty day public review period. A brush
fire in Napa County has forced the evacuation of some
residents near Calistoga. Officials say the picket fires burned over
sixty eight hundred acres. It's thirteen percent surrounded, also threatening
areas of Pope Valley, Atna Springs, and Anguin. So far,
the fire hasn't burned any grapes, but the smoke is
(34:09):
a threat. It can affect the taste of the grapes
and that can affect the whole harvest. November first is
going to be Fernando Valenzuela Day in California. State lawmakers
made the declaration yesterday. State assembly Member Sharon Quirk Silva
says it's to highlight the Dodger pitching legends positive impact
on the Latino and Hispanic communities. November first was Valvenezuela's birthday.
(34:33):
Let's say good morning now to the host of How
To Money on KFI, Joel Larsgard, and Joel, I would
think that maybe you would think that one hundred dollars
chicken nuggets topped with caviar is not a good way
to use your money.
Speaker 14 (34:45):
Hey, you've got me salivating right now. That sounds no,
it sounds terrible. Maybe both those things separately.
Speaker 3 (34:53):
I don't know.
Speaker 14 (34:53):
I've had caviar once.
Speaker 8 (34:54):
I wasn't super impressed.
Speaker 14 (34:56):
And if you've got the money and you really want
caviar nuggets, I mean, do your thing, but yeah, going
into debt for it, that's what I have the problem with.
Speaker 5 (35:02):
Okay, so let's talk about going into debt.
Speaker 1 (35:05):
Credit cards spending is slowing, but debit card use is up.
Speaker 5 (35:11):
And on the face that sounds like a good thing.
Speaker 14 (35:13):
It does, it does, and so but let's dig into
the details just a little bit. Like it is interesting
to see that people are turning back to their debit cards,
and they're putting down their credit cards at least a
little bit more than they have been. And I think
there has been, of course, an overreliance on credit cards
in this country. We've seen, you know, that headline number
(35:35):
of overall credit card debt just continue to increase, surpassing
a trillion dollars last year. And so you might think, okay, good,
people are spending a little bit less on their credit
they're being a little more thoughtful because when they spend
with their debit card, it means there's actually money in
their account. And to some degree, I think that is true,
and I'm okay with it, but I also and it
(35:55):
might portend something for the economy as well, But I
am also you know, I like credit cards for multiple
reasons if you can use them properly, which means paying
them off on time and in full. And part of
that is because some of the protections that credit cards afford,
like if someone takes your credit card, if you lose
your credit card, you drop it on the ground and
someone else picks it up and starts spending money willy
(36:16):
nilly like they were you. You're just not responsible for
anything racked up on that credit card, any purchases that
are made, Whereas with a debit card, if you're not
paying attention, there is a chance depending on your bank policy,
but according to federal law, you're not as well protected.
So it might actually be better instead of switching to
a debit card. If you feel like you can't handle
a credit card respon responsibly, cash might be the better
(36:40):
idea instead.
Speaker 5 (36:42):
Okay, and.
Speaker 1 (36:45):
I I used to use my debit card exclusively and
then I switched over and started using my credit card.
The worry with the credit card for me, and I
don't know how you guys are, but it's that even
though you go and you go, I'm going to pay
it off every month that you can slip.
Speaker 14 (37:03):
Yes, I like the idea of people using credit cards
like they would a check book back in the day,
and so I want people to know what their limits
are for everything, to write down their purchases. I have
a friend who literally has a physical book on their
kitchen counter, and when she comes home after doing some shopping,
(37:24):
she writes down the purchases and she's balancing her accounts
like she does a checkbook. And I think, if you're
finding hey, I like the rewards of credit cards. I
like the protections that credit cards offer, but I am
worried about slipping and overdoing it finding a way to
manually and they're used to. There were apps for a
minute that were trying to do this thing. They didn't
stand the test of time. But whatever it takes for
(37:46):
you to be able to use that credit card but
not overdo it, I think it is really important. And
so implement a system that could help you could help
you actually stick with a credit card without going overboard.
But if you can't do that, I think cash is
a better option. And really what it comes down to,
I'm not completely against debit cards. They're just not my favorite,
(38:07):
and so I would if that is ultimately the system
that helps you stick to your budget. Good for you.
I think the other thing is too just the there's
even been like scientific evidence about tapping to pay and
just the ease of making purchases in our modern economy.
So finding ways to create barriers between you and knee
(38:27):
jerk purchases, whether it's a twenty four hour wait period
that you institute before you buy something, because it's so
easy to just be like, need the thing, go buy
it right now, and you don't even shop around, and
you don't even think twice about whether or not you
already have that thing or you can source it elsewhere.
That's the kind of thing that really gets us into trouble.
Speaker 5 (38:42):
Okay, all right, so just be cognizant of it.
Speaker 1 (38:47):
And I like the idea of just kind of keeping
track of what you're purchasing on your credit card because
it's so easy to get away from you.
Speaker 14 (38:53):
Number saying and that that is one of the biggest
downsides of credit cards is yeah they got the protections,
yeah they got their rewards, but people assume, oh, I'm
getting all these rewards when I spend. This is great,
and I can't wait to go on that trip that's
paid for by my spending. But especially when you look
at some you and I talked about this recently, some
of the new credit cards that are out. The business
model they operate on is essentially, hey, the more fancy
(39:15):
subscriptions you have in your life, the more you're going
to get rewarded. And so these cards they don't just
become rewards for the purchases you already gonna make. They're
trying to influence the things that you're buying. And they're like, hey, no,
you should sign up for that Peloton membership. No you should.
You should get a clear car, a clear path to
go to the airport. Spend one hundred bucks. Yeah, we'll
already fund half of that. I mean, there's all these
(39:36):
ways that these credit cards are pushing us to spend more.
They're not just rewarding us for the spending that we're doing.
So yeah, be careful about that too.
Speaker 1 (39:44):
Okay, And you just mentioned influencing, and so just real quickly,
we want to touch on how we are letting our
political decisions influence our financial decisions.
Speaker 14 (39:57):
Yeah, there was a new Gallup poll talking about how
like politics is driving people's thoughts about the economy where
it's going, and even impacting how they decide to invest.
And this isn't shocking. I mean, it's amazing. How people
feel about the country is largely determined on whether it's
an R or a D in the White House, and
I just I think it's I get why, maybe to
(40:19):
a certain extent, but I also think we've placed too
much emphasis on that singular individual and how they're going
to impact the stock market. When you look at history,
it turns out that whether it's a R or in
the White House doesn't have a major impact on stock
market returns. And so I hate to see that optimism
and pessimism gap be so extreme. And also people are
(40:42):
capitalizing on the fact that we have extreme political beliefs.
And there's, for instance, there's a an ETF that's like
MAGA focused right, make America Great Again ETF. It's underperformed
the S and P five hundred significantly, and at the
same time, the expenses are like fifteen x what they
are on the basic SMB five hundred funds or total
stock market funds. I'm a big fan of So, yeah,
(41:04):
somebody's making money on the fact that we're polarized at
the same time.
Speaker 1 (41:06):
Too great, great, all right, Joel Larsguard you can listen
to him give you lots and lots of great financial
advice like you just did just now right here on
KFI every Sunday from noon to two. It's called how
to Money, and you can also follow Joel at how
to Money Joel on Instagram.
Speaker 8 (41:25):
Thanks Joel, Thank you Amy.
Speaker 5 (41:27):
All right, let's see it looks like we're time's up.
Time to go.
Speaker 1 (41:35):
Thanks for joining us for wake up Call. We've got
to handle on the news. Coming up next. This is
KFI and kost HD two Los Angeles, Orange County, live
from the KFI twenty four hour Newsroom. I'm Amy King.
This has been your wake up call. If you missed
an a wake up call, you can listen anytime. It's
on the iHeartRadio app. You've been listening to wake Up
Call with me, Amy King. You can always hear wake
(41:57):
Up Call five to six am Monday through Friday KFIM
six forty and any time on demand on the iHeartRadio app.
You're listening to KFI AM six forty wake Up Call
with me Amy King on demand on the iHeartRadio app.
Speaker 2 (00:09):
K f I and KOST HD two Los Angeles, Orange County.
Speaker 3 (00:20):
And Daddy Who would have been your host?
Speaker 4 (00:24):
Amy Kay, Good morning, Welcome to your Tuesday.
Speaker 1 (00:39):
This is your wake up call for August twenty sixth.
Speaker 5 (00:43):
I'm Amy King.
Speaker 1 (00:43):
We're live everywhere on the iHeartRadio App. We have to
start our show on a sad note. Today we lost a.
Speaker 5 (00:57):
Wake up call listener, this darn back to school stuff.
Got a message on the talkback.
Speaker 3 (01:05):
Hey, maybe good morning. You know, wake up calls kind
of cool all summer long. I'm a teacher and had
the summer off. It was fun to listen to all
morning each day and doing my morning walks when it
was like ninety degrees at five am.
Speaker 5 (01:24):
So it's back to school and now no time for
wake up call.
Speaker 1 (01:30):
Oh well, for a good reason though, right He's a
teacher for goodness sake, shaping the minds of the children
of America. Anyway, if you'd like to weigh in on
anything on the talkback, you're welcome to do so. Just
go to the iHeartRadio app and there's the little microphone
(01:50):
up in the upper right hand corner.
Speaker 5 (01:51):
We'd love to hear what you have to say. Here's
what's ahead on wake up call.
Speaker 1 (01:55):
Quick work by CalFire air tankers and water dropping helico
stopped a fire sparked by a lightning strike in the
San Bernardino National Forest in Iguanga. The fire started just
after four thirty yesterday afternoon. Crews were able to stop
it about an hour and a half later. Thunderstorms are
possible in the mountains and high deserts of southern California
(02:16):
again today. A Jeep suv is crashed through the front
window of the Kaiser Permanente in Porter Ranch. LA Fire
says the glass front of the building was shattered in
the crash yesterday just after noon. The white suv came
to a stop completely inside the waiting room of the
offices on Ronaldi Street. One person had some minor injuries.
(02:36):
A federal judge has blocked the deportation of Kilmar A
Brago Garcia to Yukonda for now. A Brago Garcia's lawyers
filed a challenge of Trump administration efforts to deport him
for a second time. After he was taken into custody
again yesterday, the judges order prevents a Brago Garcia from
being deported before August twenty eighth, and we got ABC's
(02:58):
Peter harlm Boost going to join us with the latest
on that and what's coming up next. At five point twenty.
President Trump had a busy day at the White House.
He met with South Korea's leader, He got rid of
cashless bail, he banned flag burning.
Speaker 5 (03:13):
We'll see how that holds up.
Speaker 1 (03:15):
Kfi's White House correspondent John Decker was there with the President.
Speaker 5 (03:18):
He's going to tell us all about it in just
a couple of minutes.
Speaker 1 (03:21):
And we're using our credit cards less and our debit
cards more. The host of How the Money on KFI,
Joel lars Card's going to tell us the upside and
the downside of that.
Speaker 5 (03:34):
Coming up at five point fifty.
Speaker 1 (03:36):
Let's get started with some of the stories coming out
of the KFI twenty four hour newsroom. The father of
the seven month old boy reported kidnapped in Yukaipa has
been helping investigators search for the baby's body, but the
mom is sticking to her story. The parents were arrested
for murder last week. Rebecca Harrow told reporters on Sunday
from jail that she's not giving up on her baby
(03:58):
and that she wishes she were out searching for him.
She also shook her head when asked about rumors that
she went to the Big Five before the reported kidnapping
and told employees her car had been burglarized and asked
if the business had security cameras. California Republicans are filing
an emergency petition in the state Supreme Court challenging the
(04:18):
state's redistricting plan. Republican state Senator Tony Strickland says they
want to preserve the non partisan citizens Redistricting Commission that's
already in place in the state.
Speaker 6 (04:28):
Every loophe that they do, every constitutional measure that they break,
we're going to challenge them in court.
Speaker 1 (04:34):
He says there should be a non partisan redistrict redistricting
commission for the entire US. President Trump says he's going
to sue California over its plan that, if approved by voters,
would change voting districts in favor of Democrats. Trump told
reporters the Justice Department will be filing the lawsuit. Newsom
(04:55):
responded by posting on social media that Trump can, in
his words, bring it getting kind of nasty between those two.
Residents and business owners in Downtown La say it's time
to clean up the neighborhood and make it safe for again.
Speaker 7 (05:08):
A new survey from the Downtown La Residence Association shows
near unanimous concern over the amount of mental health crises
taking place in the neighborhood's streets. Co founder Leslie Writing
says naked people or people screaming at the air or
acting menacingly threatens Downtown's viability.
Speaker 1 (05:22):
I think we kind of view it in the sort
of spectrum of compassion, but at some points like we
have to do something about it, because right now the
city and counties are doing anything.
Speaker 7 (05:31):
The survey also cites public urination and defecation, crime and
vandalism among the top concerns. Respond and say more police
on foot and bikes are needed. Michael Monks KFI.
Speaker 1 (05:40):
News public urination and defication. Isn't that a nice way
to start your day? We actually, we were in Koreatown
the other day, or no, it was in Chinatown. We
had to go pick up something that I had framed.
There was a woman right there on the street. When
you gotta go, I guess you gotta go. More Overnight
lane closures are planned on the four or five through
(06:01):
the some Covida Pass. Cow transcrews are going to be
working overnight on median barriers tonight, Tomorrow and Thursday. Closures
will start at ten pm each night and continue until
six am. Up to two lanes on both sides of
the freeway are going to be affected between Wilshire Boulevard
and Mulholland Drive Skirball Center Drive. Well, let's check your
drive early this Tuesday morning. Got a crash in Tarzana
(06:24):
on the one oh one. Good morning, will call shrive
good morning.
Speaker 8 (06:27):
Yeah, we're off to kind of a rough start there.
Speaker 2 (06:29):
One on one freeway northbound or westbound right there when
NEKA three right lanes blocked with this crash. One vehicle overturned,
another vehicle on fire. A lot going on there. We
don't have word of how badly anyone was injured, but
certainly some big delays starting at around Receipta Boulevard again
that says you head westbound on the one oh one
westbound side of the ten right around Mountain. Looks like
(06:53):
we have a little slow down there with the two
left lanes blocked to crash there and traffic slow basically
back Monte Vista if you're trying to go northbound on
the two fifteen before Martin Luther King Junior Boulevard hit
and run crash being investigated in the center divider. And
wouldn't you know one ten Freeway southbound at PCH we've
got homeless encampment fire putting up some smoke there across
(07:16):
the freeway to watch out for that. With Southern California's
most accurate traffic reports, I will Cole Schreiber.
Speaker 5 (07:21):
Thank you, Will Cole Schreiber. It is a five to seven.
Speaker 1 (07:24):
Let's say good morning now to kfi's White House correspondent
John Decker.
Speaker 5 (07:30):
John, good morning, President Trump.
Speaker 1 (07:32):
Pretty busy yesterday signing executive orders, meeting with world leaders,
and was in front of the cameras quite a bit.
Speaker 6 (07:39):
Hey, yesterday he was, and he'll be back in front
of the cameras today. That's because his monthly Cabinet meeting
takes place eleven a m. Eastern time today and the
President getting a readout in terms of how things are
going from all of his cabinets, Secretary's agency heads on
a variety of issues, trade on me the war in Ukraine.
(08:01):
That's where the President will get that happening. That will
happen a little bit later in the President likely will
take a few questions from the press corps in the
Cabinet room just a little bit later today.
Speaker 1 (08:12):
Okay, so what are some of the things that he
announced yesterday?
Speaker 6 (08:16):
Well, yesterday signed a few executive orders, one targeting flag burning.
That is something that the President would like to see outlaw.
The Supreme Court has ruled on this matter before. They
have indicated that it is a form of expression protected
by the First Amendment. But that is something that of
(08:37):
course is president but it could be overturned in case
this does get challenged in the federal courts and works
its way back up to the US Supreme Court once again.
The President still focused on his efforts to bring down
crime and a number of major American cities. As you know,
he deployed the National Guard here in the nation's capital
(08:58):
and has threatened to do the same in a number
of other American cities such as Chicago, Baltimore, and New
York City. The President has not pulled the trigger on
just yet on that just yet, But those democratic governors
of Illinois and Maryland and New York State say they
will not invite the National Guard into their states.
Speaker 1 (09:19):
Because didn't he say something like I shouldn't order them,
we should be invited in or something to that effect.
Speaker 6 (09:26):
He did say something to that effect. But as you know,
I don't believe that your governor Gavin Newsom invited the
National Guard into Los Angeles when that happened just a
few weeks ago. So the President obviously has a different
point of view in related to having the National Guard
(09:46):
deployed to these major cities. And if you look at JB. Pritzker,
the governor of Illinois, he's really pushed back hard against
President Trump. The same thing can be said for Wes Moore,
he's the governor of Maryland. Either of those governors say
they have any intention of inviting the National Guard into
their states.
Speaker 5 (10:04):
And did Trump's.
Speaker 1 (10:05):
Does Trump seem like genuinely kind of surprised that the
governors aren't more open to the idea of coming in
to help crack down on crime in their cities.
Speaker 6 (10:17):
I don't think he's that surprise. We're talking about democratic governors,
and in the case of both Wes Moore and JB. Pritzker,
they have national ambitions. They likely will be running for
the Democratic nomination in twenty twenty eight, so this is
certainly a way for them to elevate their profile nationally.
So I don't think the President is all that surprised
(10:39):
in terms of the pushback that he's getting from those
two politicians in particular.
Speaker 1 (10:44):
All Right, kfi's White House corsmondent John Decker, We're going
to let you go now because we know you have
other things to do besides just hang out.
Speaker 9 (10:51):
With r so hot Amy, have a great day.
Speaker 5 (10:53):
All right, we'll talk to you soon.
Speaker 1 (10:54):
Let's get back to some of the stories coming out
of the KFI twenty four hour newsroom. The family of
one of the most vocal accused of Jeffrey Epstein, has
criticized the Department of Justice for releasing the audio of
an interview with his former companion, Gillaine Maxwell. ABC's Aaron
Katirsky says the family claims it allows her to try
to rewrite history.
Speaker 10 (11:14):
The family of Virginia Guffrey furious after DOJ released audio
and transcripts of Maxwell's nine hours sit down with Deputy
Attorney General Todd Blanche, who used to be President Trump's
personal lawyer.
Speaker 1 (11:25):
He says the family's also upset with Maxwell being transferred
to a minimum security prison camp after the interview. President
Trump has fired Federal Reserve Board Governor Lisa Cook.
Speaker 11 (11:35):
In a letter posted on truth Social, he said that
he is firing Cook because of allegation that she committed
mortgage fraud. Cook was appointed by President Biden and was
set to serve in the role until twenty thirty eight.
Speaker 1 (11:49):
ABC Stephanie Ramos says the firing comes as Trump keeps
up his pressure on Federal Reserve Chair Jerome Powell to
lower interest rates. The President's defending the US government securing
a ten percent steak in Silicon Valley chip maker Intel.
Critics say the administration is ignoring free market principles by
partially taking over a public company. Trump says the deal
(12:11):
has made eleven billion dollars for the US, and.
Speaker 12 (12:13):
Yeah, there will be other cases that I have that
opportunity again, I would do that.
Speaker 10 (12:17):
And then you know, you do have stupid people say, oh,
that's a shame. It's not a shame.
Speaker 2 (12:20):
It's called business.
Speaker 1 (12:22):
Intel says it could pose risks to its business, from
potentially harming international sales to limiting its ability to secure
future government grants. A former Mexican cartel Kingpinn has pleaded
guilty to drug trafficking charges. The man known as El
Mayo led the Sineloa cartel with El Choppo. During his
(12:42):
hearing yesterday in New York, he apologized for flooding the
US with cocaine and other illicit drugs and took responsibility
for his actions. El Mayo, who's seventy seven, will be
sentenced to life in prison. January thirteenth, Venezuela is deploying
about fifteen thousand troops to its board with Columbia in
a stated effort to fight drug trafficking. The move comes
(13:04):
as the US has sent warships to the region in
an operation against drug cartels. The Trump administration has accused
Venezuelan President Nicholas Maduro of working with the cartels and
has issued a fifty million dollar reward for Maduro's capture.
A powerful dust storm has caused some damage in Phoenix, Arizona,
including at Sky Harbor Airport.
Speaker 5 (13:24):
A towering wall rolling in.
Speaker 13 (13:27):
Drivers facing rain and winds up to seventy miles per hour.
As the dust storm, commonly referred to as a haboob
rolled in plunging the city into near zero visibility.
Speaker 1 (13:38):
ABC Sophie Flay says the storm knocked out power yesterday,
grounded flights, and blew off part of the roof of
Terminal Force concourse, have you ever been in a hoboob
a dust storm like that?
Speaker 5 (13:48):
They're pretty freaky.
Speaker 1 (13:49):
We were in Phoenix one time and you could She
mentions the wall, like you literally see a wall of
just this brown sort of churning in and you're like,
what is that? And he luckily ducked into a business.
Actually it was a bar to drink and that when
we were done. Yeah, and when we were done, it
had cleared. But they are pretty they're a little bit freaky.
Speaker 5 (14:10):
Plus they're just hating to say. I Love dogs. National
Dog Day.
Speaker 1 (14:16):
This is the day since two thousand and four that
has been set aside in recognition of our favorite furry friends.
Celebrity dog trainer Chrissy Joy tells KFI it's a great
time to do something other than just walk your CA
nine pal.
Speaker 13 (14:28):
A lot of times you can work a dog, and
you can walk a dog, but they're not mentally being enretched,
you know that. So it's important to find some other
things that you can do to make.
Speaker 5 (14:38):
Them happy mentally enriching. I love it, she says.
Speaker 1 (14:41):
If you like to watch TV with your dog, a
good channel to try is dog TV. She says, the
colors look a little different because it's tailored specifically. Wrapper
Lil nas X has pleaded not guilty of four felony
charges in connection with his arrest last week in Studio City.
Remember it came after he was found wandering down Ventura
Boulevard wearing only his underwear and cowboy boots. The Old
(15:04):
Town Road singer allegedly charged at and punched police officers.
He's facing charges a battery on a police officer and
resisting arrest. No murders have been reported in Washington, d C.
Since President Trump deployed the National Guard to the nation's capital.
The DC Police Union is touting a drop in crime
since the arrival of Guard members compared to the fourteen
(15:25):
days prior to federal control being taken. Robbery is down
forty two percent, violent crime down twenty five percent. No
winner from the Powerball drawing last night that pushes the
next one up to eight hundred and fifteen million dollars.
The drawing on Wednesday will offer the fourteenth largest prize
in US lottery history. There hasn't been a drawing with
(15:47):
a grand prize winner in power Ball since May thirty. First,
its handle on the news is coming up at six
oh five. The President's trying to block California's move to
do some redistricting like Texas did. We'll see what's up
with that. Right now, let's say good morning too, ABC's
(16:08):
Peter Harlambus, Good morning, Peter.
Speaker 9 (16:12):
Good morning Amy. Thanks so much for having me.
Speaker 5 (16:14):
Yeah, thanks for coming on.
Speaker 1 (16:15):
So I was just mentioning a couple of minutes ago
that kil Mar Abrigo Garcia has been.
Speaker 5 (16:23):
I would say busy.
Speaker 1 (16:24):
He's had a lot of ins and outs and moves
and all kinds of craziness in the last couple of months.
But now he's back in custody. So can you bring
us up to speed on where we are at with
this gentleman.
Speaker 3 (16:36):
Yeah.
Speaker 9 (16:36):
At this point, kill Mark Burg. Garcia has spent the
night in a Virginia holding cell. He's under threat of
deportation once again. According to his lawyers, the Trump administration
has offered him a deal. If he pleads guilty the
charges of human trafficking, they'll send him to friendly Costa Rica,
which would take him as a refugee. If he refuses
(16:56):
to plead guilty. They say they're going to send him
to Uganda, an ocean away where he has no family,
no connections. At this point. This comes just months after
the Trump administration took the aggressive stance of bringing him
back to the United States from l Salvador so that
he could face criminal charges in Tennessee. There ap used
to now be a change in stance here. They're trying
to get him out of the country for now. A
(17:18):
federal judge is pumping the brakes on that. But it's
really the latest chapter in this ongoing saga for this
man who's really been at the center of the Trump
the Trump administration's immigration policy for the last six months.
Speaker 1 (17:29):
Okay, and Peter, was the you mentioned the judge put
a stay on deporting him to Uganda for now.
Speaker 9 (17:37):
Yes, that's right. Yesterday Judge Paula Zenix issued a temporary
restraining order and she said that that absolutely forbids the
Trump administration from sending this man outside of the country. Now,
there's a bit of a history here. This judge has
been dealing with the Trump administration for months. The Trump
administration has allegedly flattered multiple court orders from this judge
and even refused to comply with the Supreme Court order
(18:00):
bring him back, bring this man back to the United
States from Alsalvadore. So this judge was very care cautious
yesterday when she issued this order and tried to make
it absolutely clear, no way if Stanserbuds do not deport
this man from the United States. For now, he's being
held in a facility in Virginia.
Speaker 5 (18:15):
Okay.
Speaker 1 (18:15):
And what changed because, as you mentioned, they wanted to prosecute,
but now they either want a deal or they just
want to get him gone.
Speaker 5 (18:22):
So do we know it changed?
Speaker 9 (18:25):
You know, it's it's hard to say because on one hand,
the facts of his case have not changed much of
anything that's been aggressively moving towards trial. I will note
that over the last two weeks, one kind of thing
that has opened the door to this is the fact
that the United States has reached an agreement with Uganda
to accept migrants from the United States. So, you know,
this is a policy the Trump administration has been doing
(18:46):
for the last few months, the last few months, deporting
individuals to countries that aren't their place of origin. So
in this case, Uganda is willing to accept migrants. The
Trump administration has done this with a few other countries
in Central America and a few countries in Africa, for example,
some some migrants present to South Sudan, for example. It's
a bit of a deterrent effect, and with that door
(19:06):
basically open, it kind of provided the Trump administration a
bit of leverage to basically force kill Marburga Garcia to
plead guilty or face deportations. That's that that that country
he's never been to before, okay.
Speaker 5 (19:18):
Or well so that they don't want to try him
at all.
Speaker 9 (19:23):
At this point. According to kilmar Bergo Garcia's lawyers, no,
it's it's a bit of a they're basically saying that
this is judicial extortion, that he's being threatened with either
pleading guilty despite the fact that he doesn't believe that
he's guilty of these charges, so that he can get
to a safer country or face deportation to a dangerous
place that he's never been to before and you know,
(19:44):
doesn't necessarily know where it his future will be like there.
I'll also know that he has family here. He has
a wife, he has multiple children, here, so there's certainly
enough that that incentivizes him to stay in the United States,
and his lawyers want him to stay here and face
those charges and go to trial.
Speaker 1 (19:58):
Okay, well, so do we know what's next or when
any new movement is. Because we've got the stay in place,
he can't be deported until at least the end of
the month.
Speaker 9 (20:08):
So at this point, the judge is saying that she's
going to issue a ruling as quickly as possible insofar as.
Speaker 8 (20:14):
It's a just outcome.
Speaker 9 (20:16):
So she's saying that you can move quickly on this.
The temporary straining order only lasts for about fourteen days,
so I functionally she's going to have to make a
decision soon. And of course it's important to keep an
eye on what the Trump administration does here. They have
had a history of flouting her court orders, so I
guess we'll have to see whether or not they find
a workaround that still allows them to be in compliance
(20:36):
with his court order whilst carrying out their immigration policies.
Speaker 1 (20:39):
All right, ABC's Peter Hierlumbus, thanks so much for bringing us.
Speaker 5 (20:42):
Up to speed. We appreciate it.
Speaker 9 (20:44):
Thanks all Cherry.
Speaker 1 (20:45):
Okay, survivors of the fire in Altadena in January have
called on the state Department of Insurance to take immediate
action to provide wildfire relief and to hold insurers accountable
after months of delays and denials of claims, Members of
They Eat Fire Survivors Network joined state representatives yesterday to
call on Insurance Commissioner Ricardo Lara to comply with five requests.
(21:08):
They include more transparency and loss estimates, and to make
the Department's complaint process more transparent. Transportation leaders in California
have announced a new Senate bill to create more funding
for high speed rail following the loss of four billion
dollars in federal money. Democratic Senator Dave Cortesi, who chairs
the Senate Transportation Committee's funding uncertainties could delay the rail
(21:32):
even more and continue to push up costs.
Speaker 7 (21:35):
We can't build a twenty first century transportation system on
one time money alone, or with limited resources that don't
get us where we're trying to go.
Speaker 1 (21:43):
The project is years behind schedule and is now estimated
to cost up to one hundred and twenty eight billion dollars.
The high speed rail was approved by voters back in
two thousand and eight. Seventeen years ago, and it was
estimated at that time that it was going to cost
thirty three billion dollars. Organizers of the twenty twenty eight
LA Olympic and Paralympics have unveiled their impact and Sustainability Plan.
(22:08):
It outlines how LA twenty eight will support local businesses,
expand youth sports, and implement sustainable solutions. They say they
plan to use existing venues for the games, as well
as reduce the game's carbon footprint by using existing public
existing public transportation, and electric vehicles, among other things. And
(22:29):
doesn't the mayor still saying she wants a no car Olympics,
has she ever driven around LA or trying to get
around on public transportation. California aims to cut chronic school
absenteeism by half over the next five years as it
works to restore attendance post COVID nineteen. The state Department
of Education is released a California Attendance Guide to help districts.
(22:53):
The chronic absenteeism rate rose to thirty percent in twenty
twenty one and twenty two, when most schools had reopened
up after the height of the pandemic. That dropped to
twenty percent for the twenty twenty three, twenty four school
year and Governor Newsom is ramping up his online trolling
targeting President Trump.
Speaker 5 (23:11):
With a pop up shop.
Speaker 8 (23:12):
Newsom posted on x. The Patriot Shop is now open
at store dot Gavinnewsom dot com and has sold over
one hundred thousand dollars worth of merch. It's the latest
move in his recent campaign mocking Trump's social media style.
Customers can purchase items from the shop, including a Newsom
twenty twenty six mug Don't Poke the Baaryard sign, a
baseball cap with the phrasing Newsom was right about Everything,
(23:33):
and a Chosen One shirt featuring Newsom having hands laid
on him by kid Rock Tucker Carlson and an angelic
Hulk Hogan, Mark Ronner Kfi.
Speaker 5 (23:41):
News Yeah Okay.
Speaker 1 (23:44):
The mother of the baby that she claims was taken
from her in a Big five parking lot in Yukaipa
is sticking to her story. She and her husband have
been rested on suspicion of murder. The father was out
with Sheriff's deputies searching a field in Moreno Valley for
the seven months old. Seven month olds remains on Sunday,
but Rebecca Harrow. The mom is still saying from jail
(24:07):
the baby boy was kidnapped. Relatives of Ron Breslovski, who's
being held hostage by hamas, have made another urgent plea
to the US government and the Red Cross to save
him and the other surviving hostages. They held a news
conference yesterday at the Simon Wisenthal Center in La The
twenty one year old was a security guard at the
(24:28):
Nova Festival on October seventh, twenty twenty three. His family
says he stayed behind to help others and saved several
lives before he was taken captive. Gas prices been slowly
rising again in the Southland. Prices are up one cent
a gallon today to four to fifty nine for regular
unleaded in La County. That's the highest it's been since
June twenty eighth. Prices are also up in Orange County
(24:50):
to four to fifty six a gallon. That's the highest
price in OC since June twenty fourth. Here are some
of the stories we're working on in the KFI twenty
four our newsroom. The NAS Weather Services the threat of
monsoonal thunderstorms will linger across southern California again today storm
activity yesterday caused ground stops at three major airports in
(25:11):
La and Orange Counties. The FAA said operations at LAX
were stopped for almost two hours until three forty five,
while flights at Long Beach Airport and at John Wayne
in Orange County were paused until four pm. Severe storms
also hit Riverside County in parts of San Diego County,
A state appeals court panel has upheld the conviction of
(25:33):
Inglewood Mayor James Butts, Junior's thirty nine year old daughter.
She was convicted of assault and conspiracy for masterminding an
attack on her landlord in South LA more than nine
years ago. In a fifty six page ruling, the justices
found that the evidence of Butts's guilt was overwhelming. A
(25:53):
man who allegedly stabbed a woman outside the Westfield to
Paying Gamall in Canoga Park has been charged with attempted
and other crimes. Prosecutors say Shane Suffern first tried to
shoot the woman on Thursday, who had her two year
old child with her, but the gun jammed. Suffern is
also charged with attempted kidnapping and possession of an assault weapon.
(26:14):
The widow of a doctor's shot and killed outside his
office in Woodland Hills is suing the doctor's ex wife.
Speaker 7 (26:20):
The ex wife and four others have been charged in
the alleged murder for higher killing of doctor Hamid Meir Showj.
Attorney Alex Guerrero says mere Showjy's widow and young child
are entitled to assets. They say the ex wife fraudulently transferred.
Speaker 10 (26:33):
We do believe that there has been assets that have
been hidden and or moved to avoid any sort of
civil forfeiture.
Speaker 7 (26:42):
Your Showj was shot to death last year near his office.
His widow says their daughter is entitled to property. She
accuses the ex wife of keeping They've sued for wrongful
death and emotional distress. Michael Monks KFI News.
Speaker 1 (26:53):
President Trump is signed in an executive order directing the
Justice Department to investigate the burning of the American flag
and to prosecute any crime.
Speaker 10 (27:01):
When you burn the American flag, it incites riots at
levels that we've.
Speaker 2 (27:06):
Never seen before.
Speaker 10 (27:07):
People go crazy in a way both ways. There's some
that are going crazy for doing it. There are others
that are angry angry about them doing it.
Speaker 1 (27:17):
The executive order challenges a nineteen eighty nine Supreme Court
ruling that protects flag burning as political expression. Trump argues
that flag burning incites violence and should result in a
one year jail sentence. Some customers are going to have
to pay more to fly Southwest Airlines. The Dallas based
airline is going to require passengers who don't fit into
(27:40):
one seat to purchase a second seat ahead of the flight.
They say that they can then request a refund after
the flight is done if there was at least one
empty seat on the flight. If there wasn't an empty seat,
apparently they'll have to pay for both Southwest open seating
policy and January twenty seventh of next year, time to
(28:04):
get in your business with Bloomberg's Courtney Donahoe. Morning, Courtney, Morning,
Happy Tuesday. Today's Tuesday, right, Yes it is?
Speaker 5 (28:11):
You know what it's like.
Speaker 1 (28:12):
I was watching the news this morning before I came
in and the host said, and it's Wednesday, August twenty six.
I'm like, no, it's not. And then my editor Carlo
was like, I thought it was Wednesday. I don't know
why we're all ahead of ourselves this week.
Speaker 12 (28:24):
It's failing like the longest week, right.
Speaker 5 (28:27):
Maybe it's because it's before a holiday or something.
Speaker 12 (28:30):
Yes, yes, counting down to the three day weekend. And
by the way, the markets are closed on Monday too
for the holidays.
Speaker 1 (28:36):
Oh, I guess that means we won't be talking to
you on Monday.
Speaker 5 (28:39):
I know I'm off on Monday.
Speaker 1 (28:41):
The rest of us will be here, so you know. Okay,
let's get down to the business. AI is making it
harder for the young ones to find a job.
Speaker 12 (28:52):
Yeah, the explosive popularity of AI has definitely shaken up
our workforce, especially for the younger job seekers out there.
Stanford University researchers found that employment has dropped thirteen percent
in the last three years for people who are just
starting out in fields determined to be the most exposed
to AI. We're talking accountants, software developers, administrative assistants. But
(29:13):
it's better news for people who have been around a while,
So that's good news.
Speaker 5 (29:17):
For older workers.
Speaker 12 (29:18):
Employment trends have remained the same or improved for more
experienced workers in those same fields.
Speaker 1 (29:23):
Okay, YouTube's in a standoff? What's going on with that?
Speaker 12 (29:28):
Yes, YouTube TV says it's in talks to a new
it's agreement to carry Fox channels.
Speaker 5 (29:33):
But if a deal isn't reach.
Speaker 12 (29:35):
Fox News, Fox Sports, and Fox Business will go dark
tomorrow on the streaming service YouTube adds that Fox is
asking for payments that are far higher than what other
networks with similar offerings received. But by the way, the
deadline five pm tomorrow, so watch out for that if
you watch Fox on YouTube TV.
Speaker 5 (29:52):
Okay, I am amazed about this.
Speaker 1 (29:56):
The laboo Boo dolls, and everybody's losing their mind over them,
and people are finding ways to profit from them.
Speaker 12 (30:03):
I can't believe I'm talking about the la boo boo economy,
the booming la boo boo economy, which is kind of
weird to say, especially when when I think about my kids.
Speaker 5 (30:13):
Everywhere we go, Mommy, I want to latle boo boo.
Speaker 12 (30:16):
But people have gone wild for these dolls. And if
you haven't seen them, they're plush dolls. They have teeth
in it. But what people are excited about them is
that they're in a mystery blind box. That's their packaging,
so a lot of people want to go in and
buy them. They're scarce.
Speaker 5 (30:33):
Plus a lot of big celebrities love to show off.
Speaker 12 (30:36):
Their la boo boos. We're talking about Brad Pitt there.
But they're a la Boo Boo doll. Yes, some that's
a latle Boo boo, but they're more than toys. They
become this big, vast global marketplace. So people are actually
making money by renting out their dolls.
Speaker 5 (30:53):
By the day, we're being paid to hunt for new drop.
Speaker 12 (30:56):
So not only are they doing this resale, they're hoping
that the the values going to skyrocket in the resale market.
They're doing other things to make some money off of
Laboo boos.
Speaker 1 (31:06):
Okay, so here's another little thing that I discovered when
we went to Midsummer Scream, which is this horror and
Halloween convention, and they had some Laboo Boo dolls and
this like there's a whole fake market too, like whether
they're actually genuine and whether you can tell if they're genuine.
And of course the person at the stall was like, yeah,
(31:26):
they're genuine, of course, And I'm like, what if she
doesn't know if they're genuine? And apparently there's something like
you get a black light and you hold it up
to their foot and if it's if it's genuine, it's
got some sort of an emblem on it.
Speaker 5 (31:39):
Yeah, I was.
Speaker 12 (31:39):
I was hearing my kids talk about uh, lafufoos, you
are the fake labooboos. I guess you know what there
could be. You know, for people who have those expensive bags,
they have people who come in and authorize to make
sure that they're they're real not fake. And maybe we
could have that with La booboos. You and I could
start at this other booming car together with their black
(32:03):
light looking at La boo booths.
Speaker 1 (32:05):
Yes, yeah, let's talk about stocks.
Speaker 5 (32:10):
What's going on with stocks today?
Speaker 12 (32:12):
Taking a look at stocks major benchmarks. We're looking at
modest losses at the open. President Trump's been to else
federerser of Governor Lisa Cook. There were allegations he has
allegations against her that she falsified mortgage documents. That's weighing
on the markets because it's all about a battle for
controller of the Fed and it's definitely unnerving. Investors want
(32:34):
to point out no charges have been filed against Cook.
But Dow futures are down forty points, and this is
building on yesterday's losses. The Dow felt three hundred and
forty nine points to finish out the day.
Speaker 1 (32:44):
Okay, and just one last note in case you forgot,
things are getting spicy at Starbucks starting today.
Speaker 12 (32:52):
Yes, the pumpkin spice lattes back. I cannot believe we're
in fall already, but I guess we're talking football too.
But the fan favorite drunk and the other fall menu
items are available today.
Speaker 5 (33:03):
By the way, what.
Speaker 12 (33:04):
Looks fun is these new Italian sausage eg bites.
Speaker 5 (33:07):
So I'm looking forward to me. Oh okay, which I
love their egg bites. Those are delicious. Yes, big, big
favorite in my family.
Speaker 1 (33:14):
Getting in your business and getting in your fridge. It's
the Bloomberg's courtnaying donaho.
Speaker 5 (33:19):
Thanks so much, Courtney. We'll talk to you tomorrow to
see you later.
Speaker 1 (33:23):
I now am craving Starbucks egg bite, Thank you so much.
California Republicans have filed an emergency petition challenging the state's
redistricting plan. Republicans are trying to get the state Supreme
Court to remove Governor Newsom's plan from the November ballot.
Republican leaders argue that Democratic lawmakers violated state laws by
(33:46):
skipping a required thirty day public review period. A brush
fire in Napa County has forced the evacuation of some
residents near Calistoga. Officials say the picket fires burned over
sixty eight hundred acres. It's thirteen percent surrounded, also threatening
areas of Pope Valley, Atna Springs, and Anguin. So far,
the fire hasn't burned any grapes, but the smoke is
(34:09):
a threat. It can affect the taste of the grapes
and that can affect the whole harvest. November first is
going to be Fernando Valenzuela Day in California. State lawmakers
made the declaration yesterday. State assembly Member Sharon Quirk Silva
says it's to highlight the Dodger pitching legends positive impact
on the Latino and Hispanic communities. November first was Valvenezuela's birthday.
(34:33):
Let's say good morning now to the host of How
To Money on KFI, Joel Larsgard, and Joel, I would
think that maybe you would think that one hundred dollars
chicken nuggets topped with caviar is not a good way
to use your money.
Speaker 14 (34:45):
Hey, you've got me salivating right now. That sounds no,
it sounds terrible. Maybe both those things separately.
Speaker 3 (34:53):
I don't know.
Speaker 14 (34:53):
I've had caviar once.
Speaker 8 (34:54):
I wasn't super impressed.
Speaker 14 (34:56):
And if you've got the money and you really want
caviar nuggets, I mean, do your thing, but yeah, going
into debt for it, that's what I have the problem with.
Speaker 5 (35:02):
Okay, so let's talk about going into debt.
Speaker 1 (35:05):
Credit cards spending is slowing, but debit card use is up.
Speaker 5 (35:11):
And on the face that sounds like a good thing.
Speaker 14 (35:13):
It does, it does, and so but let's dig into
the details just a little bit. Like it is interesting
to see that people are turning back to their debit cards,
and they're putting down their credit cards at least a
little bit more than they have been. And I think
there has been, of course, an overreliance on credit cards
in this country. We've seen, you know, that headline number
(35:35):
of overall credit card debt just continue to increase, surpassing
a trillion dollars last year. And so you might think, okay, good,
people are spending a little bit less on their credit
they're being a little more thoughtful because when they spend
with their debit card, it means there's actually money in
their account. And to some degree, I think that is true,
and I'm okay with it, but I also and it
(35:55):
might portend something for the economy as well, But I
am also you know, I like credit cards for multiple
reasons if you can use them properly, which means paying
them off on time and in full. And part of
that is because some of the protections that credit cards afford,
like if someone takes your credit card, if you lose
your credit card, you drop it on the ground and
someone else picks it up and starts spending money willy
(36:16):
nilly like they were you. You're just not responsible for
anything racked up on that credit card, any purchases that
are made, Whereas with a debit card, if you're not
paying attention, there is a chance depending on your bank policy,
but according to federal law, you're not as well protected.
So it might actually be better instead of switching to
a debit card. If you feel like you can't handle
a credit card respon responsibly, cash might be the better
(36:40):
idea instead.
Speaker 5 (36:42):
Okay, and.
Speaker 1 (36:45):
I I used to use my debit card exclusively and
then I switched over and started using my credit card.
The worry with the credit card for me, and I
don't know how you guys are, but it's that even
though you go and you go, I'm going to pay
it off every month that you can slip.
Speaker 14 (37:03):
Yes, I like the idea of people using credit cards
like they would a check book back in the day,
and so I want people to know what their limits
are for everything, to write down their purchases. I have
a friend who literally has a physical book on their
kitchen counter, and when she comes home after doing some shopping,
(37:24):
she writes down the purchases and she's balancing her accounts
like she does a checkbook. And I think, if you're
finding hey, I like the rewards of credit cards. I
like the protections that credit cards offer, but I am
worried about slipping and overdoing it finding a way to
manually and they're used to. There were apps for a
minute that were trying to do this thing. They didn't
stand the test of time. But whatever it takes for
(37:46):
you to be able to use that credit card but
not overdo it, I think it is really important. And
so implement a system that could help you could help
you actually stick with a credit card without going overboard.
But if you can't do that, I think cash is
a better option. And really what it comes down to,
I'm not completely against debit cards. They're just not my favorite,
(38:07):
and so I would if that is ultimately the system
that helps you stick to your budget. Good for you.
I think the other thing is too just the there's
even been like scientific evidence about tapping to pay and
just the ease of making purchases in our modern economy.
So finding ways to create barriers between you and knee
(38:27):
jerk purchases, whether it's a twenty four hour wait period
that you institute before you buy something, because it's so
easy to just be like, need the thing, go buy
it right now, and you don't even shop around, and
you don't even think twice about whether or not you
already have that thing or you can source it elsewhere.
That's the kind of thing that really gets us into trouble.
Speaker 5 (38:42):
Okay, all right, so just be cognizant of it.
Speaker 1 (38:47):
And I like the idea of just kind of keeping
track of what you're purchasing on your credit card because
it's so easy to get away from you.
Speaker 14 (38:53):
Number saying and that that is one of the biggest
downsides of credit cards is yeah they got the protections,
yeah they got their rewards, but people assume, oh, I'm
getting all these rewards when I spend. This is great,
and I can't wait to go on that trip that's
paid for by my spending. But especially when you look
at some you and I talked about this recently, some
of the new credit cards that are out. The business
model they operate on is essentially, hey, the more fancy
(39:15):
subscriptions you have in your life, the more you're going
to get rewarded. And so these cards they don't just
become rewards for the purchases you already gonna make. They're
trying to influence the things that you're buying. And they're like, hey, no,
you should sign up for that Peloton membership. No you should.
You should get a clear car, a clear path to
go to the airport. Spend one hundred bucks. Yeah, we'll
already fund half of that. I mean, there's all these
(39:36):
ways that these credit cards are pushing us to spend more.
They're not just rewarding us for the spending that we're doing.
So yeah, be careful about that too.
Speaker 1 (39:44):
Okay, And you just mentioned influencing, and so just real quickly,
we want to touch on how we are letting our
political decisions influence our financial decisions.
Speaker 14 (39:57):
Yeah, there was a new Gallup poll talking about how
like politics is driving people's thoughts about the economy where
it's going, and even impacting how they decide to invest.
And this isn't shocking. I mean, it's amazing. How people
feel about the country is largely determined on whether it's
an R or a D in the White House, and
I just I think it's I get why, maybe to
(40:19):
a certain extent, but I also think we've placed too
much emphasis on that singular individual and how they're going
to impact the stock market. When you look at history,
it turns out that whether it's a R or in
the White House doesn't have a major impact on stock
market returns. And so I hate to see that optimism
and pessimism gap be so extreme. And also people are
(40:42):
capitalizing on the fact that we have extreme political beliefs.
And there's, for instance, there's a an ETF that's like
MAGA focused right, make America Great Again ETF. It's underperformed
the S and P five hundred significantly, and at the
same time, the expenses are like fifteen x what they
are on the basic SMB five hundred funds or total
stock market funds. I'm a big fan of So, yeah,
(41:04):
somebody's making money on the fact that we're polarized at
the same time.
Speaker 1 (41:06):
Too great, great, all right, Joel Larsguard you can listen
to him give you lots and lots of great financial
advice like you just did just now right here on
KFI every Sunday from noon to two. It's called how
to Money, and you can also follow Joel at how
to Money Joel on Instagram.
Speaker 8 (41:25):
Thanks Joel, Thank you Amy.
Speaker 5 (41:27):
All right, let's see it looks like we're time's up.
Time to go.
Speaker 1 (41:35):
Thanks for joining us for wake up Call. We've got
to handle on the news. Coming up next. This is
KFI and kost HD two Los Angeles, Orange County, live
from the KFI twenty four hour Newsroom. I'm Amy King.
This has been your wake up call. If you missed
an a wake up call, you can listen anytime. It's
on the iHeartRadio app. You've been listening to wake Up
Call with me, Amy King. You can always hear wake
(41:57):
Up Call five to six am Monday through Friday KFIM
six forty and any time on demand on the iHeartRadio app.
Wake Up Call with Amy King News
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