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.
Speaker 2 (00:07):
App KFI and KOST HD two Los Angeles, Orange County.
Speaker 3 (00:15):
It's time for your morning wake up call. Here's Amy King.
Speaker 1 (00:28):
It is that time. Good morning, It's five o'clock, straight up.
This is your wake up call for Tuesday, April fifteenth.
I'm Amy King. We're live everywhere on the iHeart Radio
Day Radio Day on the radio app. What dasy It's Tuesday,
April fifteenth, tax day. Unless you live in La County,
(00:52):
we get six months. But I got my taxes done,
or at least I got them off to my person
who does my taxes, and she's like, well, I'm not
going to get to it until I get back from vacation. Like, okay,
but that's okay, it's okay, it's okay. Hey, did you
(01:13):
know that there's a six percent higher chance of being
killed in a car crash on tax Day?
Speaker 4 (01:17):
Great?
Speaker 1 (01:18):
Yeah, apparently a lot of people stressed out, So let's
spread a little kindness today. And if somebody is really
freaking out on the roads, that might be why very stressleuls.
Speaker 3 (01:28):
So they might live in Orange County or Ventura County exactly.
Speaker 1 (01:32):
All right, here's what's ahead on WACA call. As I mentioned,
for most of America, today is tax Day, but La
County residents get a six month reprieve because of the
wildfires in January. The deadline to file for La County
taxpayers is eighth October fifteenth. The irsays payments on any
outstanding tax do still has to be paid by today's deadline.
(01:54):
Movie and TV makers have continued their exodus out of La.
Film LA released a report yesterday showing on location production
of film, TV shows, and commercials declined twenty two percent
for the first three months of this year compared to
last year. A lot of productions have moved out, attracted
by tax credit programs outside the state. Harvard University says
(02:14):
it will not accept conditions proposed by the Trump administration
in order to keep its federal funding. In response to
federal government has frozen more than two billion dollars in
grants for Harvard. ABC's Peter Harra Lumbus joins us to
tell us more about that in about three minutes. Got
the latest on tariffs, who's coming to the table to
make a deal, who's holding back ABC's Karen Travis will
(02:38):
tell us at five twenty tens of millions have waited
until the last minute to file those taxes. ABC's Jim
Ryan has the numbers on this tax Day twenty twenty five.
That's at five thirty five and if I point fifty.
Joel Larsgard says, recession rumblings are getting stronger and with
that panic pre buying is a thing, but it is
Is it a good thing? Joel's going to tell us,
(03:00):
grab your coffee, hold on tight, We got a good
ride for you today. It is Tuesday. Let's get started
with some of the stories coming out of the KFI
twenty four hour newsroom. La County is out with its
new budget and there will be cuts.
Speaker 3 (03:12):
The county government is in a tough financial position. It's
agreed to pay four billion dollars to thousands of child
sex abuse victims at probation facilities. The cost of the
January wildfires could be over a billion dollars unless money
is coming in. The Board of Supervisors today will take
up the proposed forty seven point nine billion dollar budget
in It County CEO Fecia Davenport has recommended a three
(03:33):
percent cut across all departments and the elimination of hundreds
of vacant positions. She says there will be no layoffs,
but some county programs could be scaled back. Michael monks
KFI News.
Speaker 4 (03:43):
Really everything's doing pretty badly right now.
Speaker 1 (03:46):
A new report shows film and TV production in LA
drops significantly in the first quarter of the year. Philip
so Kulowski with Film LA says or tells KFI there
have only been about fifty two hundred filming days in
LA so far this year. TV production has been hit
the hardest.
Speaker 4 (04:03):
Well, we saw across the board slow down in film production.
The very worst happened in television, which fell to thirty
point five percent.
Speaker 1 (04:11):
Overall production down fifty eight percent since twenty twenty one.
Governor Newsom has proposed a seven hundred and fifty million
dollars tax credit expansion to try to lure more jobs
back to LA. Some critics argue the costs outweigh the benefits. Well,
the chance is slim, but it's there. Elizabeth Cochrane with
the US Geological Services, following yesterday's five point two earthquake
(04:34):
in San Diego County, there is a chance of a
larger quake.
Speaker 5 (04:37):
There is about a five percent chance of an earthquake
larger than what we had, so an earthquake of magnitude
five point two or larger. So anytime we have an
earthquake of this size, folks should just realize that there
is some chance of a larger earthquake occurring, so one
in twenty chance.
Speaker 1 (04:54):
The quake near Julian was followed by dozens of aftershocks,
including a four point zero about seventy minutes or seventy
five minutes after the initial jolt. Only minor damage has
been reported. We know to drop, cover and hold when
in earthquake hits, thanks to groups like California Earthquake Authority,
but it turns out elephants already know what to do.
(05:15):
San Diego Zoo has released a video of its five
African elegant elephants reaction to the earthquake yesterday. After the
initial shaking and what appeared to be some confusion, the
elephants formed what's called a protective circle. It's done to
protect the herd and younger elephants when there's danger. They
(05:35):
stood there for about five minutes or so, and then
they went back to their normal routines. Pretty amazing to
watch though. Yeah, yeah, if you want to see it,
does San Diego Zoo put the video out and it's
it's pretty cool to watch. All right. Right now, it's
five seven on your wake up call. Let's say good
morning to ABC's Peter Haralamboos. Peter, the Trump administration has
(05:59):
said get rid of d or else, and Harvard says,
we'll take the or else.
Speaker 6 (06:05):
Yeah, Harvard at this point is putting its money where
its mouth is. Last night, Harvard University was informed that
the Terms administration was actually freezing more than two billion
dollars and responds to this decision. It really marks the
first time a major college or university has decided to
stand up to the Trump administration. This comes after we
saw other schools like Columbia buckle last month.
Speaker 1 (06:26):
Okay, so the two billion dollars, that is how much
is Harvard's funding And it's in grants. So is it
each year or is it a total?
Speaker 6 (06:40):
So the two billion dollars is a multi year deal,
and you know, in total, they received more than nine
million dollars in grants over the next few years from
the federal government. This goes to support things like medical research,
for example, you know, Harvard is one of our leading
research institutions in the entire country, and they rely on
the federal government in many ways, so it's worth noting
in a unique position. While they do get a lot
(07:02):
of money from the federal government, they're also one of
the wealthiest colleges in the universities in the entire world.
They have an endowment of over fifty billion dollars. So
to a certain degree, they have the ability to kind
of take the high road here and tell the Trump
administration that they're going to deny these terms, whereas smaller
college universities that might be more dependent on the federal
government might not have that luxury.
Speaker 1 (07:24):
Okay, and what, Peter are the terms specifically of what
the Trump administration wants Harvard to do.
Speaker 6 (07:32):
So on Friday, the Truman administration sents Harvard a letter
with kind of a series of demands. They include everything
from changing governance so that you know, more less activist
professors have power, removing race based admissions for both students
and faculty, and even ensuring viewpoint diversity and doing audits
(07:53):
of the student bodies kind of general viewpoint to make
sure that it's not too liberal or at our genius,
So all things consider, Harvard at this point is arguing that,
you know, they're they've made changes to fight back and
anti Semitism and improve the school. But these changes recommended
by the Trump administration simply go too far. They violate
(08:15):
the First Amendments, and they're simply not worth taking. And
if it means giving up two billion dollars, it's worth
it for Harvard.
Speaker 1 (08:23):
Okay. So then a question for you, Peter, being a
legal guy, you know, you mentioned race based admissions. Aren't
those illegal because of anti discrimination laws?
Speaker 6 (08:37):
Yeah?
Speaker 7 (08:37):
I mean that's right.
Speaker 6 (08:38):
I mean, over the last few years, we've seen the
Supreme Court take a different stance when it comes to
affirmative action. Harvard and other schools, though, have have taken
kind of a unique stance and that while they're abiding
by those kind of decisions, they've still considered kind of
holistic emissions as one of their main things. So, you know,
while they're strictly not you know, making a decision based
(08:59):
on race or ender, they're they're considering the full picture
of a candidate and what makes them compelling, based on
kind of the hardships they might have had growing up. So,
you know, in a way, they're still considering them, even
if they're still following the letter of the law when
it comes to affirmative action.
Speaker 1 (09:15):
Yeah, I know this is not a funny subject, but
it reminds me of l Well was there. It was Witherspoon.
Speaker 5 (09:23):
What was the.
Speaker 1 (09:26):
Legally Blonde?
Speaker 6 (09:27):
It's hard?
Speaker 1 (09:30):
Yes, what a great movie. Okay, so the cuts are are.
The cut in the endowments is in place. So what
what does Harvard do next?
Speaker 6 (09:40):
So at this point they're in a bit of a stalemate.
The Trump administration can can continue applying pressure. There's more
money that they could theoretically threaten to freeze. We've also
seen a lawsuit from Harvard faculty challenging these cuts. I
assume you might even see a similar lawsuit from the
school itself challenging this move. You know, the Trump administration
is right and that these funds are necessarily a guarantee,
(10:01):
they're a little bit of a privilege, but there is
a process for canceling them. It doesn't appear that Trump
administration actually followed that process. So we might see a
legal challenge and we'll really just see what this means
for the didday operations for a school like Harvard and
if the Trump administration decides to challenge other schools we
had no of at least seven other major universities that
have had their funding threatened.
Speaker 1 (10:23):
Okay, and I bet that those major universities will be
watching what happens here. ABC's Peter Harlumbo's thank you so
much for your time and information this morning.
Speaker 6 (10:32):
Thanks for having me.
Speaker 1 (10:33):
All right, let's get back to some of the stories
coming out of the KFI twenty four hour newsroom. Iran's
Supreme Leader, Ayatola Ali Hamani says nuclear talks with the
US went well. He says officials in his country are
neither radically optimistic about the talks nor radically pessimistic about them.
He also urged officials not to tie the country's affairs
(10:54):
to the talks, which are expected to continue this coming weekend.
A second US aircraft carriers up in Mid East Waters
ahead of those talks. The company that operated a helicopter
involved in a deadly crash on the East Coast is
going out of business.
Speaker 8 (11:08):
The Federal Aviation Administration says, New York Helicopter Tours is
calling it quits. It's helicopter crash last Thursday. Six people
on board were killed This comes after New York Senator
Chuck Schumer called on the FAA to suspend the company's license.
Schumer is asking the FAA to conduct surprise inspections on
all helicopter companies in New York.
Speaker 1 (11:30):
Deb remark KF I knew. The president of El Salvador
says he will not return a man to the US
who was deported to his home country. Could I return
them today?
Speaker 9 (11:39):
That is just like I smuggle him into the United
States or whether it do.
Speaker 5 (11:42):
Of course, I'm not going to do it.
Speaker 1 (11:44):
The president and President Trump's chop advisors say they have
no basis for the small Central American country to return
the man, who was living in Maryland. Officials say kill
maar Abrego Garcia is a member of the notorious MS
thirteen gang. The Supreme Court has ordered the Trump administe
stration to facilitate the man's return to the US. The
Trump administrations continued to bar ap journalists from the Oval
(12:07):
office despite a court order saying he can't.
Speaker 2 (12:09):
Last week, of federal court ruled the Trump administration couldn't
punish the Associated Press for refusing to call the Gulf
of Mexico the Gulf of America. As President Trump won
it as a First Amendment issue and must reinstate access.
But Monday, an AP reporter and photographer were barred from
a news conference with Trump and El Salvador's president. Since
mid February, the AP's been blocked from events in the
Oval Office and Air Force One. The US Court of
(12:31):
Appeals for the DC Circuit has set a Thursday hearing
on the matter. Mark Ronner KFI News.
Speaker 1 (12:36):
President Trump is honored the Ohio State Buckeyes for winning
the college football National Championship.
Speaker 10 (12:42):
This was a historic year in college football. Standing together today,
these men in the first college think of that are
the first college football players in history who can proudly
call themselves twelve team playoff championship.
Speaker 1 (12:57):
During the ceremony yesterday, Vice President Van Nants, who went
to Ohio State, fumbled the national championship trophy. The base
fell out of his hands while someone else held the
actual trophy. Vans jokingly posted on social media that he
didn't want anyone getting the trophy after Ohio State, so
he just broke it. I'm thinking that that trophy wasn't
very well put together. Have you seen the video of
(13:19):
it just kind of comes apart. Fans love Luca. The
Laker is Luka Doncic, who's from Slovenia, had the top
selling jersey for the twenty twenty four twenty five season.
It's the first time an international player has topped the
league in Jersey sales. Steph Curry or Lebron James had
been top sellers since the twenty twelve thirteen season. They
(13:41):
were second and third place in Jersey sales this year.
Dozens of aftershocks of rattled San Diego County following a
magnitude five point two quake near Julian. The quake yesterday
just after ten am, was felt up in La and
Orange Counties. I got a shake alert. Did you get
a shake alert?
Speaker 6 (13:57):
Yep.
Speaker 1 (13:58):
Most of the after shocks were small, one hit of
four point zero. The US Geological surveyces there's a five
percent chance of a larger quake following yesterday's five point
two shaker. A bill's been introduced that would allow homeless
students to sleep in their cars on campus. It would
require universities to set up safe parking spaces on campus.
(14:18):
Democratic Assembly Member Corey Jackson says Long Beach Community College
set up a program like this three years ago, and
he wants to create programs like it all over California.
Former President Biden's making his first public appearance since he
left the White House. He's speaking tonight at the Advocates,
Counselors and Representatives for the Disabled Conference in Chicago. The
last time he was in the Windy City was for
(14:39):
the Democratic National Convention in Chicago last August. At six
oh five, it's handle on the news. Trump says, Nope,
not bringing him back. We're talking about the guy accidentally
swept up in an ice raid. He's in El Salvador.
Let's say good morning to ABC. Karen Travers. Karen on
(15:01):
the ever changing on again, off again, paused again tariffs.
What's the latest from the Trump team?
Speaker 11 (15:09):
So a couple of things. The latest is the President
yesterday was still insisting he doesn't change his mind. He said,
I'm a very flexible person. I don't change my mind.
But he also was saying that he had spoken with
Apple Tim Cook about all of the TIFFs recently. And
this comes after over the weekend there was an exemption
given to some electronics products on that stiff one hundred
(15:32):
and forty five percent tariff on Chinese imports that is
now on pause for at least a couple of weeks
as the administration considers what they're going to do about that.
The President said they're going to shift those products into
a different tariff bucket, and that's likely to be under
the umbrella of semiconductors. And we learned last night that
the administration has started an investigation, if you will, into
(15:56):
a semiconductor tariff on national security grounds. They're also considering
a tariff on pharmaceuticals on the same reason, and essentially
they're looking to say, you know, we can't rely on
countries overseas for these critical spies. And that would likely
be a couple weeks to maybe a few months away,
but that's maybe the next big step in this ongoing process.
Speaker 1 (16:19):
Okay. And then there's also he's been hinting about but
I don't think correct me if I'm wrong. I don't
think he's done anything about it yet. But he's been
hinting about putting taxes or tariffs on pharmaceuticals.
Speaker 11 (16:34):
Yeah, he is. He's talked about this quite a bit.
And that's what we learned last night with this new bulletin,
if you will, where the administration indicated that they are
moving forward into an investigation into the national security grounds
that they could do a tariffs on pharmaceuticals. You know,
they'll say, like, there are components of drugs that come
(16:55):
from China, India, Ireland, other countries in Europe, and the
President has said that American companies here should be making
those components here, not just importing them and then making
the actual drugs here. But you know, you and I
might have talked about this. This is kind of similar
in a very broad sense that like the auto acspect too,
(17:16):
of making the things here but bringing in parts from overseas,
and what the President is trying to do. But experts
are warning that if you starts putting tariffs on the
components of drugs, it's going to drive up the cost
of something like ibuprofen and over the counter drugs.
Speaker 1 (17:33):
And we need our ibuprofen to stay cheap because I
need it a lot. Okay, there you go, Karrett Travers,
thank you so much for the information. We'll continue to
watch this and of course continue to talk to you
to help sort it out.
Speaker 12 (17:46):
Have a great day, all right, you too.
Speaker 1 (17:47):
Today is the last day for people affected by the
wildfires and Pacific palisades and Altadena to opt in to
the government's free fire debris removal program. Residents have been
asked to file a form to either opt in or
opt out of the program. Those who opt out will
have to hire private contractors to do the removal work,
and they will have to pay for it. There will
(18:08):
also be required or they will be required to have
the debris removed, or they could have their properties declared
a nuisance. People who lived in areas affected by the
wildfires in January getting a break on filing Texas.
Speaker 13 (18:22):
The IRS often postpones deadlines for taxpayers in areas that
have been hit by natural disasters, and for victims of
the recent wildfires, the IRS will automatically give.
Speaker 1 (18:31):
Filing and penalty relief.
Speaker 13 (18:32):
IRS officials say individuals and businesses must have an address
of record in the disaster area to qualify, and they
will have until October fifteenth to file and pay. Heather
Brooker cafe Ie.
Speaker 1 (18:42):
News Governor Newsom has announced a special election will be
held August twenty sixth to replace former state Assemblyman Bill Assie.
He was named US Attorney for California's Central District earlier
this month. Assie's former assembly district includes half of Corona
and some surrounding parts of the Inland Empire. The son
(19:02):
of an Orange County Superior Court judge charged in the
shooting death of his wife in Anaheim Hills, has returned
to testify at his father's retrial. He was called to
the stand yesterday. After opening statements, prosecutors told the jury
judge Jeffrey Ferguson is a gun expert who'd been drinking
the day his wife was shot and killed in twenty
twenty three. Ferguson claims it was an accident. The first
(19:25):
jury deadlocked eleven to one last month in favor of conviction,
so a mistrial was declared and the retrial is underway.
LA radio personality Jed the Fish has died.
Speaker 13 (19:35):
The LA Rock radio staple, whose real name was Edwin
gould Iid, was renowned for his work behind the microphone
for kara Q. When he was hired as an on
air DJ in nineteen seventy eight. He worked the afternoon
drive time slot until twenty twelve. His voice became synonymous
with alt rock and his famous interviews with artists like
U two, David Bowie, Elvis Costello, and Sting. His family
says he died from a fast spreading form of cancer
(19:56):
at his home in Pasadena.
Speaker 1 (19:58):
He was sixty nine.
Speaker 13 (19:59):
Heather Brooker Ko Fine News.
Speaker 1 (20:00):
The La Urban Policy round Table says it's time the
city fire department did something to address the increasing number
of street burnings in South LA. The group's president, Earl
of Fari Hutchison, says there's been a rash of people
burning trash and combustible materials.
Speaker 12 (20:17):
The solar fires in South LA now and whole Missing campains.
Speaker 7 (20:21):
People are doing what they do.
Speaker 1 (20:24):
He says. The fires are dangerous for people, homes, and businesses.
Egg prices are up again, just as each your Easter
is approaching. The average price for eggs hit a record
high this week, an average of six twenty three a dozen.
Trey Bodge, who operates a smart shopping website, says wholesale
egg prices have dropped, but shoppers aren't seeing it yet.
Speaker 13 (20:44):
What we're seeing here is a lag of retailers are
taking a little bit of extra time unexpectedly to reduce
those prices for consumers.
Speaker 1 (20:53):
Chocolate prices are also up. Some shoppers are looking for
Easter alternatives. They say they plan to die marshmallows and
wait it gets better and hide potatoes instead of eggs.
Speaker 9 (21:07):
Oh I can't wait to find a potato sink my
teeth into that.
Speaker 1 (21:12):
Oh my gosh, I haven't heard that. Ben far Okay.
I mentioned earlier that today is Jackie Robinson Day across
the country. All major league players are going to be
wearing the number forty two to honor the day in
nineteen forty seven when Jackie Robinson broke the color barrier
for major League baseball. They're doing a jersey giveaway at
(21:33):
Dodgers Stadium. I have one from a couple of years ago.
Love it. The Dodgers take on the Rockies tonight at
Dodgers Stadium. The first pitch goes out at seven. You
can listen to every play of every game on AM
five to seventy LA Sports Live from the Gallpin Motors
Broadcast Booth, and you can also stream all the games
in HD on the iHeartRadio app Keyword AM five to
seventy LA Sports. I think today is a good day
(21:56):
to watch forty two. In fact, I looked it up
yesterday and it is still streaming on Netflix. Chadwick Boseman
fabulous movie really a good one. So I think I
know what I'm doing this afternoon, of course, Today the
deadline for wildfire affected residents to opt in to the
US Army Corps of Engineers Free Fire Debris Removal Program.
Residents impacted by the fires have to file the forms
(22:18):
to either opt in or out of the US Army
Corps of Engineers Free Debris Removal Program. Those who opt
out are going to have to pay for it themselves
and must do the work. Thieves have stolen millions of
dollars worth of jewelry from a family owned jewelry store
in downtown, LA. Police say the burglary happened overnight Sunday.
(22:38):
The son of the shop owners says the burglaries are
The burglars rather cut through a wall to get in
and then stole as much as twenty million dollars in merchandise.
A group of elephants that the San Diego Zoo has
responded to the five point two earthquake in San Diego
County by forming what's called a protective circle. It's done
to protect the herd and the young when there's day.
(23:00):
The elephant circled and it was all caught on video
that has been released by San Diego Zoo. The elephants
went back to their normal routines. A few minutes later,
at six oh five, it's handled on the news. The
US Army could soon be deployed to the US Mexico border.
Let's say good morning now to ABC's Jim Ryan. Dunk
dun dum. It's tax day for most of US.
Speaker 12 (23:24):
I recognize that sounder, that's the taxman sounder. Yeah, done,
dun dun. Just three notes. I'm surprised that California is
known the declared disaster area and getting an automatic extension.
We did, we did, Oh, you did well in La, Alabama, Florida, Georgia. Oh,
LA County.
Speaker 1 (23:40):
Right, so it's not the whole state, but LA County
got the automatic six month extensions. So taxes are technically
due until October fifteenth.
Speaker 12 (23:47):
Okay, but we have a file now, sure, exactly.
Speaker 1 (23:50):
We have our editor, Carla, who's in San Bernardino. She
lives in San Bernardino County, so she's done hers. So
just LA County gets the reprieve.
Speaker 12 (23:58):
Gotcha. Well, let me say it, all of the North Carolina, Florida, Alabama,
those states which had disasters, the entire state is getting
this automatic extension. Procrastinators about thirty percent of US. Thirty
one percent of Americans have not yet filed. They're waiting
until today to either file their returns or to file
(24:19):
an extension if you're in a place that you have
to file that, but it largely depends upon where you live.
Procrastinating is a state by state kind of thing. Californians
are number thirteen on the procrastination list. Number one is Wyoming.
People in Wyoming tend to wait until the very day
(24:40):
or after that day, which doesn't make much sense because
the average refund in Wyoming is thirty seven hundred and
twenty dollars per tax return. I mean, that's among the
highest in the whole country. Yet those people put it
off until the last minute. Don't understand it.
Speaker 1 (24:56):
Maybe it's because they're busy on the ranch.
Speaker 12 (25:00):
Which and they would have a lot of ranch expenses too,
that's true.
Speaker 1 (25:03):
Whatcha Yeah, that's interesting that it's different. I'm a total procrastinator,
although I did do my taxes, or at least I
got everything to my person who prepares the taxes. But
I've been going I'm going to do this, I'm going
to do this, I'm going to do this. I've been
saying that for about two months, and I did it
on Sunday because I too am a procrastinator.
Speaker 7 (25:24):
Yeah.
Speaker 12 (25:24):
Well, Californians also can do the free file the direct
file program. California is one of twenty five states where
that's being made available. The IRS has been rolling this
out for the last couple of years. So if you
have a fairly straightforward tax situation, you know, one W
two maybe two, maybe A ten ninety nine, and your
household income is under two hundred and fifty thousand, you
(25:47):
can use the free direct file program if you're in
California and twenty four other states. So yeah, I consider
yourselves lucky there.
Speaker 1 (25:57):
And what are some tips to make sure that your
return gets processed and doesn't kind of get lost in
the shuffle.
Speaker 12 (26:05):
Make sure everything is accurate, that's the main thing here.
Make sure all the t's are crossed, eyes are dotted,
and that you signed the darn thing. That's one of
the main reasons they get kicked back, either if they're
filed electronically or whether you send in a paper return.
It wasn't signed and so they're going to kick that
thing back. So just make sure that everything is accurate.
Check your math, check your the return against your W
(26:28):
two make sure it's all accurate. So, I mean that's
the best way to ensure that you don't face delays,
because there are likely to be delays this year. Amy
consider the DOGE cuts into IRS payroll. There they're staffing
and staffing levels have been low with the IRS for
some time. The computers are kind of clunky and broken down,
(26:49):
so there may be delays. But don't think that just
because you have fewer IRS auditors on staff that you're
not getting get audited if you don't send in a
return or you do something funny on your on the
return that you do send in, because if you do
get caught, I mean, there are serious consequences. Not only
do you owe the taxes that you owed before, and
(27:10):
there are may V fees on top of that, there
could be potential criminal charges brought against you. So just
be very careful about that, all right, all.
Speaker 1 (27:18):
Right, So do it once, do it right. It's not
worth the risk, right.
Speaker 12 (27:22):
Raise or twice cut once?
Speaker 1 (27:23):
Accellent? Absolutely, are your taxes done? Yes, very good, of
course they are. Jim Ryan mister reliable.
Speaker 12 (27:33):
Plus I was getting a little refund back too, so.
Speaker 1 (27:36):
That always helps that always helps. All right, we seize
Jim Ryan, thank you so much. We'll talk to you soon.
Time to get in your business now with Bloomberg's Scott Carr,
who's in for Courtney Donaho this week. So Scott, we're
expecting prices on a lot of things to go higher
because of tariffs and all that. But I didn't think
of this one. Tomatoes.
Speaker 7 (27:54):
Yeah, good morning, Amy. This report sponsored by Total Wine
and more. If you notice the costs that tomatoes going up,
here's why. A lot of tomatoes come from Mexico, and
the US commerce departments they got plans now for a
new nearly twenty one percent tariff on most tomato shipments
from Mexico and that is set to start in mid July.
Speaker 1 (28:14):
So we have some time. Eat a lot of tomatoes
right now.
Speaker 7 (28:17):
Yeah, buy them up. Wish you could freeze them.
Speaker 1 (28:20):
I know, well you can make sauce out of them.
My friend makes them being costa sauce.
Speaker 7 (28:25):
There's some taking outside the box, all right.
Speaker 1 (28:27):
Are there other vegetables that we're expecting to see hikes on?
Speaker 7 (28:32):
Well, not in particular is being targeted, but the price
of spices. The Spice Conference, one of the big spice Conferences.
Trade Conference has just had their big annual meeting. In
the talk of the whole conference was the new tariffs,
because that's going to hit the cost of a lot
of spice ingredients, especially from China, and spices, as you know,
(28:53):
are used in just about everything in the grocery store.
Speaker 1 (28:56):
That's that is right, So some China, and I would
imagine where else de spices like from India? Would I
would imagine as.
Speaker 7 (29:03):
A very India. Sure.
Speaker 4 (29:05):
Yeah.
Speaker 7 (29:05):
The largest producer of cinnamon in the world, I believe
is Vietnam.
Speaker 1 (29:11):
All right, well, we'll be watching I think. Isn't Vietnam
at the table with the US right now?
Speaker 2 (29:16):
We'll see they are?
Speaker 7 (29:18):
They are, and we should mention it that if you're
skipping the coloring of Easter eggs this year, Amy, because
their prices are so extravagant, well you're not alone. A
new survey from wattub this morning shows I had to
get it in there, shows about forty seven percent of
Americans say they're going to pass over. There's another pun
for you that pass over the tradition this year. It
shows we were already spending a chunk of change on Easter,
(29:40):
about one hundred and eighty nine dollars they estimate per
person on average, and amy to wrap things up, future
is all pointing lower. The down features are down one
hundred and twenty points.
Speaker 1 (29:51):
Wow. Okay, and we had but we had an update yesterday.
We did okay, so we'll see if we can get
back into positive territory today. Getting in your business with
Bloomberg Scott car Thanks so much. We'll talk to you
again tomorrow morning.
Speaker 7 (30:05):
Have a good day.
Speaker 1 (30:06):
We do get in your business every day at five
forty am. Something to look forward to. I always love
I love the little business nuggets that we get on
this Let's get back to some of the stories coming
out of the KFI twenty four our newsroom. Some one
hundred year old homes in LA blocked off from the
public for decades now have a special designation.
Speaker 3 (30:23):
The Maycrest Bungalows and El Serrento have been fenced off
since nineteen ninety one. Cal Trans planned to tear them
down to expand the seven ten Freeway. The LA Conservancies
Lindsay Mulkay He says the eight Tutor Revival style homes
could teach us a lesson.
Speaker 11 (30:36):
Bungalow courts were created to respond to a housing crisis
and to help connect neighbors and to make people feel
like they had a sense of community even if their
housing was smaller.
Speaker 3 (30:47):
La City Council has approved a Historic Cultural Landmark designation
for the bungalows, preserving them. Michael Monks KFI News.
Speaker 1 (30:54):
A criminal case has been dismissed against a former LAPED
officer who touched a dead woman's while on duty. David
Rojas testified in twenty twenty one that he did it
as part of an investigation into her death. He denied
it was sexual or meant to humiliate or degrade the
dead woman. The judge yesterday noted that Rojas has complied
with everything asked of him and has successfully completed an
(31:17):
eighteen month judicial diversion program. Rolling Stones lead singer Mick
Jaggers getting married again. He's engaged to his longtime girlfriend
Melanie Hamrick. She told a French magazine that Jagger proposed
two or three years ago, but they just went public
(31:38):
with it. Hamrick is thirty seven, Jaggers eighty two. This
would be his second marriage and they've already been engaged
for two to three years. I think maybe it's time to,
you know, pull the trigger on that one mick. Eighty
nine million dollars in cuts are included in La County's
twenty twenty five proposed budget. The CEO of La County
(32:00):
said it does not include personnel cuts, but more than
three hundred vacant jobs are going to be eliminated. County
Commissioner is going to get a first look at it today.
After county tests found elevated levels of lead in soil
in and near the Eton Fire burn area. The Board
of Supervisors is going to consider emotion today to allegate
three million dollars to help affected property owners do more
(32:22):
detailed testing. Apparently there's a lot of lead there because
homes built before nineteen seventy nine had lead based paint.
All Major League players are going to be wearing the
number forty two today. It's Jackie Robinson Day, which marks
the day in nineteen forty seven Robinson debuted with the
Brooklyn Dodgers, breaking baseball's color barrier. Players, managers, coaches, and
(32:44):
umpires will also wear a special number forty two patch
on their caps. Today. We're just minutes away from a
handle on the news. Honda says it's headed north and
south to avoid tariffs. Bill's going to tell you about that.
Let's say, good morning now to the Most of Money
on KFI. It's Joel lars Guard.
Speaker 9 (33:03):
Good morning, Joel, morning Amy.
Speaker 1 (33:05):
So the recession rumblings are getting a little louder. What's
the latest and how do we get ready for it?
Speaker 14 (33:14):
Yeah, I mean, it's one of those words that gets
thrown around and people see it in headlines they start
freaking out a little bit. And interestingly enough that Golden
Sacks increased its recession odds twice in one week, so
different you know, different financial firms are saying, hey, it's
more likely, just just like putting this red flag up
in the air, let you know. And the truth is
(33:35):
it is more likely, right because of some of the
governmental policy we've seen, specifically tariffs, the likelihood that that
hurts businesses and increases inflation. So, yes, the odds of
our session just have gone up. Clearly, will we experience
the recession? Are we potentially in one?
Speaker 7 (33:52):
Right now?
Speaker 14 (33:53):
Maybe the truth is too that recessions happen when you
look at the data something like every six and a
half to seven years, So it's not one of those
things where it's like this is a once in a
lifetime sort of thing. Recessions are kind of part of
how the economic climate and how economies work, So recessions
also shouldn't be this thing that just freaks you out
(34:14):
to no end. But there are certain things that I
want people to do in advance of a potential recession,
and just kind of personal finance hygiene in general, Like
the emergency fund.
Speaker 6 (34:25):
That's a huge one.
Speaker 14 (34:26):
Especially right now. Some people, and we can talk about
this too, are like pre buying more stuff because they're
worried about prices going up. I see the wisdom in that,
maybe in small bits and pieces for certain things that
you were going to buy anyway. But having if it
means eliminating some of that all important emergency fund and
not having as much in cash, well, if you lose
your job, you can't eat the stuff you just bought.
(34:47):
So I want you to make sure that you have
a really solid emergency fund, at least that three to
six months of expenses stashed in a liquid savings account.
Speaker 1 (34:55):
Okay, and that doesn't count for like a what are
those short term things like a three month and six
month that you can't get a CD. Yeah, you can't
get your hands on it. For a few months, or
can you do that one? And if you have to
tap into it, you can you can.
Speaker 14 (35:14):
Here's the thing I think, don't put money in a
CD that you might need. Right So, a CD can
be a great place for like medium term savings, but
when it comes to that emergency fund, you probably don't
want that in a CD. And if you have to
tap it early, it means you're going to give up
some of that interest. You would have been better in
a high old savings account with one of my favorite banks. Anyway,
something else I want people to do in advance of
(35:35):
a recession. I just want people to do this anyway,
is create something that I call a bare bones budget.
And it's essentially a budget that boils down what you
could get by on every single month. So it's the
bear essentials and nothing more. And I don't want people
to live on a bare bones budget in perpetuity. But
let's say you do lose your job or something comes
(35:56):
down the pike. The fact that you have created this
barbones budget and you know what you can cut and
you can kind of start to pair back almost immediately,
that just creates not only a financial backstop, but in
some resiliency. But it also just helps you to realize that,
wait a second, maybe I am spending more than I
thought on some extra luxury items that I don't necessarily
(36:17):
have to have, and so to think that barebones budget
in addition to the three to six months worth of expenses,
and some financial folks out there are saying, oh, no,
you need twelve months worth of expenses. I think that's
just too much. I think most people one can't have
a hard time saving up that much. And then two,
that's overkill for most people when it comes to cash
on hand. But if you have those two things in order,
(36:38):
it's going to help you with if we do encounter
more trying financial times.
Speaker 1 (36:43):
Okay, So the two takeaways is get that bare bones budget,
sit down, put the numbers down, figure it out so
you know, because that gives you power. Knowing what you
have gives you power. And then the other thing is
start stashing your cash because you want to build up
that emergency fund that's right, just in case we might
not have a recession.
Speaker 14 (37:04):
And that's the thing too, like we really might not.
And the other thing is a personal recession can happen
at any time. This is something I want people to
be well aware of whether it's some sort of medical
emergency or it's Hey, I just work in a sector
that had a tough time. The American economy is booming
unemployments of four percent, but my personal job took a
hit and I lost that, right, So there's always the
(37:26):
potential for personal financial difficulties even when the economy as
a whole is doing well. So I think that's why
I call this like personal finance hygiene. I want people
to practice these things anyway, because hey, even if the
economy as a whole is crushing, there's always the potential,
right that your personal life experiences some sort of recession
that the other the rest of the economy isn't feeling
(37:48):
all right.
Speaker 1 (37:49):
See great advice as always, and you can hear more
great advice just like this and a whole lot more
every Sunday from noon to two on how to Money
with our very own Jewel Lars Guard. You can follow
Joel at how to Money. Thank you so much for
this great information.
Speaker 9 (38:05):
Joel got it Amy, Thank.
Speaker 1 (38:07):
You all Right. Before we get out of here, I
got to talk about the girls in space, just for
so we know that the six women took a ride
on a rocket yesterday, a Blue Origin rocket and it
was Katie Perry and Gail King and Jeff Bezos's fiance
and then like a rocket scientist and a couple other
(38:29):
legit people. I got to just say this first of all,
cool that they got to do it. What an amazing experience.
It's sort of like, uh, I don't know, maybe Guardians
of the Galaxy times a billion, right, like a really
cool ride. What I'm grumpy about on this is that
(38:52):
they're talking like they did something historic. Yes, they were
all women. Good for them. They didn't do anything. They
took a ride on a rocket and they spent three
minutes in weightlessness, which super cool. I wish we could
all do it. The reality is we can't because it
costs probably a couple I don't know, it costs at
(39:14):
least millions of dollars to do that launch, right? And
did they pay for it? Maybe Jeff Bezos paid for
it because his girlfriend or his fiance was going up.
I mean, like, so again, I don't disrespect them for
doing it. I think it was and amazing opportunity, but
come on, both Gail King and Katy Perry kissed the
(39:35):
ground when they got back they were gone for ten minutes.
And then Gail's talking about it, of course on CBS Mornings,
as she should, because what a cool experience. But then
she said, oh, reuniting with my friends and family, who
were all wearing yellow when we got back to Earth
was the best part. You were gone for ten minutes.
Speaker 9 (39:57):
Gail King felt pain from what returning? She said, she
felt pain like.
Speaker 1 (40:04):
So it was painful to return to the earth, like
in her heart.
Speaker 9 (40:07):
Like on the ride back. Oh well, probably bumpy. So
you guys are just downplaying how important.
Speaker 1 (40:15):
This is, how important this is, how significant it is
that girls took.
Speaker 9 (40:19):
A ride women.
Speaker 1 (40:22):
Okay, what about Sonny Williams who just spent nine months
on the International.
Speaker 6 (40:26):
Space with her?
Speaker 1 (40:30):
Oh my gosh, are you Bill Handle? Are you channeling
Bill Handle right now? All right? Anyway, I think it's
great that they got to a ride to go on
a ride. But ladies, you didn't change the world. I'm sorry,
I'm you just didn't. But you did a very cool thing,
all right. This is KFI and kost HD to Los Angeles,
(40:52):
Orange County, Southland. Weather from KFI, Uh, drizzle possible this morning, uh,
partly cloudy this afternoon. Hopefully it's going to be like yesterday,
which it turned out to be a gorgeous day. Highs
will be in the low sixties at the Beach's sixties
to about seventy four metro La Inlando, c in the
Valley's seventies for the Inland Empire and Antelope Valley. Morning
low clouds and drizzle tomorrow, then mostly cloudy with highs
(41:13):
from the sixties to low seventies. It's fifty four and
fuller ten fifty one Rancho Santa Margarita, fifty two in Pasadena,
fifty six in Santa Monica. Live from the KFI twenty
four hour Newsroom. I'm Amy King. This has been your
wake up call. Hey, if you missed any wake up call,
you can listen anytime on the iHeartRadio app. You've been
listening to wake Up Call with me Amy King. You
can always hear Wakeup Call five to six am Monday
(41:35):
through Friday on KFI AM six forty and anytime on
demand on the iHeartRadio app.