August 12, 2025 • 43 mins
Amy King hosts your Tuesday Wake Up Call. ABC News correspondent Steven Portnoy joins the show to discuss DC Mayor Muriel Bowser reaction to an increase in federal law enforcement. Amy talks with the co-founder of Midsummer Scream Claire Dunlap. This horror convention is taking place this weekend at Marriott Long Beach Downtown. 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 BNPL not wanting to play nice, low-feed real estate agents, executive orders and private assets.
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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.
Speaker 2 (00:07):
App KFI had 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 (00:26):
Well, hello there, it's five o'clock, straight up. This is
your wake up call for Tuesday, August twelfth. I'm Amy King.
We're live everywhere on the iHeartRadio app. Okay, technology has
bitten me again.
Speaker 2 (00:41):
I see you fighting with your phone.
Speaker 1 (00:43):
Well, that's just I'm trying to figure out I downloaded
a file and I'm trying to figure out where to
find it now. Oh, it's in the file scre Can
you find it for me?
Speaker 4 (00:52):
Oh wait?
Speaker 1 (00:53):
Oh no, it downloaded right to my photos, just where
it was supposed to go. Yeah. So have you seen
any way mos around town?
Speaker 4 (01:00):
Oh?
Speaker 1 (01:01):
Yeah, I hadn't seen any until this weekend. And so
we saw one on Saturday and I was like, what
is that?
Speaker 5 (01:08):
What is that thing?
Speaker 1 (01:09):
Yeah? And then I was driving to work this morning
and there was one like on my street. I didn't
know it was in my neighborhood.
Speaker 3 (01:15):
Oh I didn't either. I thought it was just West La.
Speaker 1 (01:17):
But no, they're spreading out, they're expanding. Yeah, okay, so
here's my other I'm not ready to take away mo yet,
not at all, Not at all? Are you?
Speaker 3 (01:27):
I would?
Speaker 6 (01:28):
Yeah?
Speaker 7 (01:28):
I mean not on the freeway, but just a little
short hop share why not?
Speaker 1 (01:33):
What do you think? Actually that might be a good
question for the talkback? What do you think? Are you
ready to take away moo? Are you still a little
leery of the whole no driver thing? If you'd like
to share your thoughts, or maybe if you've taken one
and had a great experience, I'd love to hear about it.
Just go to the iHeartRadio app and if you're listening there,
you're already there, and there's a little microphone in the
(01:53):
upper right hand corner, and let us know weimo or
not weimo.
Speaker 3 (01:59):
West Ola also has those little food robots because they're
so weird looking.
Speaker 7 (02:02):
Have you seen the little food robots on?
Speaker 8 (02:04):
No?
Speaker 1 (02:04):
I haven't seen those. Oh my gosh, I haven't seen Okay,
I'm just not ready for this technology, and I'm like,
is this going to be everywhere? I think it is?
All right, here's what's ahead on wake up Call. A
federal judge weighing whether the Trump administration I legally sent
National Guard troops and US Marines to LA during the
anti ice protests that started in June. California is calling
(02:27):
for any remaining National Guard troops to be returned to
state control and any future military deployment for civilian law
enforcement to be blocked. The third of three funerals held
for the La Keunty Sheriff's detectives killed when a grenade
exploded at a training facility is being held today. Detector
Victor Limas was killed along with two other deputies at
the sheriff's facility in the East LA on July nineteenth.
(02:50):
The funeral at Cavalry Chapel in Chino Hills is private
at the family's request. Washington d C residents have protested
President Trump's decision to deploy the National Guard and take
control of the city's police department. A group that helped
organize the protest called on DC residents to make noise
outside their homes every night that the city remains under
federal control. ABC's Stephen Portner is going to join us
(03:13):
to tell us why the President did it, how DC
officials are reacting, and whether the federal government could come
take over law enforcement in other cities, like you know,
La ready to scream. I know it's only August, but
we also know that Halloween is right around the corner,
and in southern California we do get started really early
(03:33):
with all the skeletons in Costco. We'll be talking to
the co founder of the Midsummer Scream Convention. It's coming
to Long Beach this weekend and it's all things Halloween
and horror, and that's coming up in just a few minutes. Plus,
We've got a pair of passes to the event for you.
If you're Halloween in horror, you're gonna want to be there.
(03:56):
Joel Larsguard has warned us before about by now, pay later.
We're learning now of another reason you might want to
think twice before you buy that way, and with home
prices continuing to rise, is there a way to save
some money buying and selling your house. Of course, Joel knows,
and he's going to share that with us. Coming up
before the top of the hour, let's get started with
some of the stories coming out of the KFI twenty
(04:16):
four hour newsroom. Trial has started over whether President Trump
had the legal authority to send National Guard troops to LA.
ABC's Alex Stone says a federal judge initially said Trump
did not have the authority, but an appeals court refused
to stop the deployment.
Speaker 9 (04:30):
Now the original judge will preside over a full trial
and decide if the president had the authority or if
he broke the law. No matter what the judge decides it,
we'll probably go back to the Court of Appeals and
maybe the Supreme Court.
Speaker 1 (04:42):
The troops were sent to La and June to protect
federal properties and agents during those immigration rates. The bench
trial is expected to last a few days. Immigrant rights
advocates are holding a twenty four hour boycott of businesses
to protect federal or to protest rather federal immigration operations.
The action organized by groups led by the Coalition for
Humane Immigrant Rights Los Angeles or CHURLA. They want Home Depot,
(05:07):
target Walmart, and fast food restaurants to be boycotted because
they say federal agents have been allowed to use them
as staging areas. The LAPD says is going to crack
down on illegal street takeovers and street racing.
Speaker 7 (05:18):
Police say there have been nearly five hundred illegal street
takeover events in the city so far this year. LAPD
Deputy Chief Donald Graham blames social media platforms for paying
for content created at the takeovers.
Speaker 10 (05:30):
You're monetizing this criminal, dangerous and deadly behavior. So maybe,
just maybe before you cut a check, maybe look at
the content that you're sending out.
Speaker 7 (05:41):
La County DA Nathan Hoffman says promoters, organizers, drivers, and
even spectators can and will be charged if they are caught.
Michael Monks KFI.
Speaker 1 (05:50):
News Time to say Good morning too, ABC's Stephen Portnoy Stephen,
President Trump announced that he was having his administration or
the federal government, taken control of the DC Police Department
and activated eight hundred National Guard troops. Why did he
do it and how are DC officials reacting?
Speaker 11 (06:08):
Well, he did it because he says that the city
is in need of rescue from, as he puts it, crime, bloodshed, bedlam, squalor,
and worse. So he is asserted authority that exists in
law under the DC Home Rule Act of nineteen seventy
three that allows the president, under emergency circumstances to take
(06:29):
control of the city's police department for up to thirty
days unless Congress acts to extend the emergency, which everyone
thinks is unlikely because Democrats could filibuster it in the Senate.
Speaker 3 (06:39):
So he's done that.
Speaker 11 (06:41):
He's sent eight hundred National Guard troops to the city
streets to kind of sort of be a physical presence there,
ramped up federal law enforcement from a raft of agencies
starting last weekend. And so the whole idea here, as
a president who's talk tough on crime is going to
demonstrate how he can be tough on crime in the
nation's capital. The mayor of the city says, well, maybe
this could help, but also we don't exactly need it,
(07:02):
because crime statistically is actually at a thirty year low,
and violent crime, according to the city's police department, is
down twenty six percent year to date from last year. Now,
obviously there are always going to be violent incidents in
a major city, and what is too many? But the
idea that an administrative change with the DC Police Department
for thirty days reporting to an interim federal commissioner who
(07:25):
reports up to the Attorney General, who reports up to
the president is going to change anything, Well, I guess
we'll have.
Speaker 1 (07:29):
To see, Okay, And then is this I mean, he's
completely authorized to make this decision, or is this one
another one that's going to just get challenged in court.
Speaker 11 (07:41):
The mayor was asked yesterday about this, and she said, well,
I suppose we could pose a challenge, but the authority
and law is pretty broad, so we won't.
Speaker 1 (07:49):
Okay, and then the crime rate down. But I think
that the statistics that Trump was using was that in
DC it's higher than in like Bogota, Columbia and Mexico City.
Speaker 11 (08:03):
As a bad dad, I don't know where he's getting
those numbers, but he says that in DC the books
are cooked. That's what his communications director said. There's been
no proof of that, you know. And so look, the
fact is you've got the DC Police, which compiles the statistics,
and there they're the only source of any information about
crime in the city. And I don't know how else
you'd compile the data, and they say that, you know,
(08:29):
look this way. The mayor has said that typically when
there's an emergency, you see a spiking crime, not a decrease.
Speaker 1 (08:36):
Okay, ABC, Stephen Portnoy, I'm sure all eyes are going
to be on DC to see what happens next. Thanks
for the info, you bet. All right, Let's get back
to some of the stories coming out of the KFI
twenty four hour newsroom. Officials in Pennsylvania trying to figure
out what caused an explosion at a steel plant outside Pittsburgh.
It killed two people and heard at least ten others.
The explosion happened yesterday at the Clareton plant in the
(08:59):
Mon Valley, about fifteen miles outside of Pittsburgh. Emergency services
say a rescue effort continued into the night. The plant
is still partly operational. Three people have been killed in
a shooting outside of Target in Austin, Texas. It happened
just after two yesterday afternoon. Police Chief Lisa Davis as
a shooter took off in a car that belonged to
(09:20):
one of the people killed. Wreck that car then hijacked
another car. He was then found by Austin PD in
South Austin. He was shot with the taser and arrested.
Police say the guy has a history of mental health issues.
President Trump has extended a trade truce with China for
another ninety days. The previous deadline was set to expire
at midnight. Had that happened, the US would have ratcheted
(09:43):
up taxes on Chinese imports from an already high thirty percent,
and China would have responded with retaliatory tariffs. Pause by
some time for the two countries to try to work
out an agreement. Israeli Prime Minister Benjamin Netanyahu says Israel
plans to widen its upcoming offensive beyond Gaza City to
the last areas not yet under Israeli control. Most of
(10:05):
Gaza's two million residents have taken shelter in those areas.
The mobilization of forces is expected to take weeks in
Israel may be using the threat of a wider offensive
to try to pressure Hamas into some sort of ceasefire
deal or the release of hostages. Tropical Storm Aerin has
formed in the Atlantic. Meteorologist Gingersey says it's expected to
(10:25):
turn into a major hurricane by this weekend. The potential
track takes it between Bermuda and the United States, and
we have it that way because ninety percent of the
computer modeling right now have it curving away. This is
the fifth storm of the Atlantic hurricane season, and Ford
is hitting the gas on electric vehicles. Ford says it.
Speaker 12 (10:44):
Will invest nearly two billion dollars to retool a plant
in Kentucky. The automaker says the goal is to produce
evs that are more affordable, profitable to make, and outcompete
rival models. The factory will be revamped to manufacture electric
vehicles after producing gas powered vehicles for decads. Ford says
the first EV vehicle to roll off the assembly line
(11:04):
will be a mid size four door electric truck that's
set to debut in twenty twenty seven.
Speaker 3 (11:09):
Dep remark Ka fine news.
Speaker 1 (11:11):
Okay, you know that we've been talking about Steff Fusche,
our technical director, who was in that really nasty car crash.
He survived it thanks to some people who stopped after
the crash as the vehicle, which was a Prius, was
catching fire. And I swear every time I think about that,
(11:34):
this song just starts resonating in my head.
Speaker 2 (11:39):
The angels.
Speaker 7 (11:46):
Sat down to us from somewhere.
Speaker 1 (11:49):
But if those people I get on Terry whenever I
hear angels among us, if those people had not stopped
and pulled him out of the car, he would be dead.
I mean, it's absolutely amazing. And Tim Conway Junior found
three of the people who were involved. I guess there
were there were like five people now who stopped, but
(12:09):
they literally had to upright the car which was on
its side, and he was trapped with his arm outside
and pinned under the car. They had to rock the
car and turn it upright and then get him out,
and we now know that he was conscious. Yeah, and
God loved Steffus. He was like apologizing to them. I'm
so sorry you guys. Yeah. Just he's such a great
(12:34):
guy and we're so thankful that he is doing well.
And uh, Tim Conway Junior had Jonathan Gray and Kenyati
Hubbard on the show with him yesterday. And if you haven't,
if you didn't get a chance to listen to it live,
you gotta go. You gotta go to the iHeartRadio app.
You gotta go listen to the podcast. It's amazing what
these what these people did to save Fush's life. We
(12:56):
are so thankful. Yeah, okay, getting a tigether again. It
just it becomes so emotional because you think about there's
crashes like this. You tell us about these crashes every
single day. Yeah, and you know, sometimes people come and help,
sometimes they don't, but thank God that they did. On Thursday, Okay,
(13:18):
four people have been arrested in a series of burglaries
that included Brad Pitts home in Los Felis. Pitts home
was broken into June twenty fifth. He was in London
at the time for the premiere of F one, the
movie I still haven't seen that I heard. It's good.
San Louis Obispo County's Board of Supervisors has issued an
emergency declaration because of the Gifford fire that's grown to
(13:39):
more than one hundred twenty two thousand acres. The move
will free up more resources and allow US officials to
issue mandatory evacuations. The fire's thirty three percent surrounded. The
Canyon fire good news on that one. The one up
near Castaic that's now one hundred percent surrounded. Governor Newsom
has urged President Trump to end his calls for redistricting.
Newsom issued a letter to Trump warning that GOP efforts
(14:01):
to draw more favorable maps ahead of the midterms was
playing with fire. Newsom says California will not try to
redraw congressional districts if red states like Texas and their
efforts to do it. At six oh five, it's handled
on the news and speaking of President Trump, he declared
that the federal government was taking over the DC police
(14:26):
and also deploying National Guard to DC. We'll see the
latest on that with Handle on the news. Let's say
good morning now to Claire Dunlap, who is the co
founder and a producer of something that I know a
lot of people are going to be very excited about,
and that is Midsummer Scream. Its builds the world's largest
(14:49):
Halloween and horror convention, and it's coming this weekend to
Long Beach. Thanks for joining us.
Speaker 8 (14:55):
Claire, Well, thanks for having me.
Speaker 1 (14:57):
All right, so I know it's August. The people I
know are already getting ready for Halloween, so it's perfect timing.
Speaker 8 (15:04):
Oh yeah, it gets earlier and earlier every year.
Speaker 4 (15:06):
I know.
Speaker 1 (15:06):
It's crazy.
Speaker 8 (15:07):
Midsummer Scream, right, we love it. We're okay with it.
Midsummer Scream is a Halloween and horror convention. The most
succinct way to describe it is it's like Comic Con
but for Halloween and horror. And we have over one
hundred hours of programming over two and a half days
(15:29):
for panels, presentations, theme parks. We have classrooms, we have
special celebrity guests, we have anything that you can think
of in the Halloween realm. We have including haunted houses.
Speaker 1 (15:47):
Tell me this one hundred hours of programming. You're talking
about panels and celebrity guests, but what specifically I mean
for the Halloween and the Horror Efficient Auto. I mean,
you guys, it's not just a general discussion. You guys
are really digging into some of the cool things that
surround Halloween and.
Speaker 8 (16:03):
Horror Friday evening. We've got, for example, David Desmalchien is
going to present a very special Halloween announcement with the
last podcast on the left, and that'll be on the
frank and stage, and then in the ghost Light Theater
we have Barrie's Truth or Scare, which is Barry is
an obnoxious puppet who we adore, and he will be
(16:27):
doing a game show, you know, with interactive with the
audience and it's hilarious. Part of what we do at
Midsummer Scream is we we create an environment where there
is no way possible that even if you have this
three day pass you would be able to get to everything.
There's that much programming and we do it. That's that's
(16:47):
my design.
Speaker 1 (16:48):
I love that. Okay, now tell me, because I'm looking
through some of the lists of things that you have
offered and Claire, you have the ever popular Screaming Room.
What is that? Oh?
Speaker 8 (17:01):
Yes, so the Screaming Room is and that has been
curated by Norm Gidney of Horror Buzz, and it is
our film festival. It's a short film festival that we've
done for the past several years and it's blocks of
I believe they're five minutes shorts, nothing longer than fifteen minutes.
(17:24):
And so if you look on the app or wherever,
you can see which block will be showing. So each
block is given a certain given a name so that
you can kind of go see like one is, wtf
the other the other is, so you know, it'll keep
you guessing. And those are all Halloween themed original films
(17:46):
that have been submitted. So that's what the screen festival.
And we do have a jury that gives out the
prime prizes for the best, best, the screamiest. I believe.
Speaker 1 (18:00):
I love this and I think we could talk about
this and we could go through your list for quite
quite a while, because, like you mentioned, there's some celebrities.
There's Elvira, Causandra Peterson, David Naughton from an American Werewolf
in London, Linda Blair from The Exorcist and more than that,
plus the two acre Hall of Shadows two acres. That's
(18:24):
a large.
Speaker 8 (18:26):
House. It's very large.
Speaker 1 (18:28):
Yes, that sounds so great. And there are still tickets
available to this show, right.
Speaker 8 (18:34):
There are? Yes, Well, there are tickets available for Friday
and Sunday, and then our VIP gold Bat level are
still available as well. Those include all three days the party,
front of line access early entry on Saturday and Sunday
at ten versus eleven, which is for general admission.
Speaker 1 (18:56):
Okay, one last question. Why should people go to Midsummer Screen.
Speaker 8 (19:00):
We kick off the Halloween season in southern California like
nobody's business. It is so much fun. Not only is
it an environment for people who love Halloween horror. We
have something to appeal to every age of Halloween and
horror fan and we really put the focus on Halloween
(19:21):
versus the horror. The horror is an element of Halloween,
of course, but the Halloween bit is what we really
love to celebrate.
Speaker 1 (19:29):
Co founder and producer of Midsummer Screen, Claire Dunlaps, thank
you so much. In fact, I think we're going to
give away a pair of passes to the event this weekend.
How about that.
Speaker 8 (19:39):
That's fantastic.
Speaker 1 (19:40):
All right, thank you, Claire, have a great day.
Speaker 3 (19:43):
That's fantastic.
Speaker 1 (19:45):
We think so too. So how about we give away
those tickets right now? Let's see Halloween Horror. How about
thirteen AND's like, oh thank god, I don't have to
answer the phone thirty one times. Okay, we'll take caller
number thirteen right now at eight hundred five to two
zero one kfi. That's eight hundred five to zero one
(20:06):
five three four. This is four passes to the Midsummer
Scream this weekend, all Things Horror and Halloween. John Carpenter
is going to be there. Yeah, They're going to have
a lot of really cool people there. And then they
have like from the theme parks like not Scary Farm
has people where they kind kind of tell you about
(20:27):
some of the ins and outs of them. Linda Blair,
maybe she'll do the spider crawl Linda Blair. Okay, that
just gives me all right, color number thirteen for Midsummer
Scream eight hundred five to two zero one KFI. Eight
hundred five to two zero one five three four, give
us a call now. A funeral set to take place
(20:48):
this morning for the third LA County Sheriff's detective killed
in an explosion at the Sheriff's training facility in East LA.
The private service for Victor Limis is being held at
Calvary Chapel Chino Hills. Funerals for the other two detectives,
Joshua Kelly Ecklund and William Osborne, happened last week. The
three were killed last month within a grenade believed to
(21:08):
be a dud exploded. Dodgers star Shohei Otani and his
agent have been accused of sabotaging a two hundred and
forty million dollar luxury housing development project in Hawaii.
Speaker 13 (21:20):
Lawsuit recently filed in Hawaii's Circuit Court names Otani and
his agent, Nezbilelo. The lawsuit was filed by real estate
developer Kevin Hayes and real estate broker Tomoko Matsumoto. The
claim Otani got them fired from working on the development
on the Hopuna Coast, a development the pair had brought
him in to endorse. The lawsuit also claims Blello increasingly
demanded concessions from Hayes and Matsumoto before demanding their business
(21:43):
partner ultimately dropped them from the deal. Daniel Martindale KFI News.
Speaker 1 (21:49):
Walmart's going to pay over five and a half million
dollars to settle a lawsuit accusing the company of overcharging customers.
Speaker 4 (21:55):
The world's largest retailer was accused by four counties in
California of charging customers too much and selling food that
didn't weigh as much as advertised. As part of the settlement,
Walmart will pay the penalty and ensure employees check pricing
and weights in California stores. In twenty twelve, the company
paid just over two million dollars for similar issues. Walmart
has two hundred and eighty locations in California. Mark Ronner
(22:17):
KFI News.
Speaker 1 (22:21):
A homeless man who built a multi level home is
homeless again. The guy reportedly cobbled together a three story
treehouse using wood and other materials taken from another homeless
camp not too far away. The South LA treehouse was
featured on TikTok and went viral. Authorities recently tore it down.
(22:41):
Channel seven says the man is building a new pad now.
And speaking of homes, the Poltergeist House in Ventura County
is now available for rent. The house looks just like
the one next to it, and the one next to.
Speaker 13 (22:58):
That the house Valley, California has been completely redesigned to
mimic the set from the nineteen eighty two horror film Poltergeist.
The home can sleep up to eight people and pets.
Reservations are starting at six hundred dollars per night. Last year,
the home was sold for the first time in more
than four decades. It went for nearly one point three
million dollars. Daniel Martindale k if I news.
Speaker 1 (23:20):
Uh, yeah, no, thank you, no, thank you.
Speaker 3 (23:23):
Hey.
Speaker 1 (23:23):
Earlier I had asked if if you thought weymo was
a good idea, like do you like it? Would you
take it? I'm very very leery of it and would
love to hear what you have to say. If you
want to weigh in on the talk back and let
us know. Are you ready to waimo.
Speaker 3 (23:45):
That's the latest version of Johnny Cab.
Speaker 1 (23:48):
Oh my gosh, you're right, Johnny. Wasn't that from Oh gosh?
What was that movie? Was an Arnold Schwarzenegger movie. I
think the guy uh total recall to remember they were
on Mars and they had the cabs and they had
the really creepy drivers. They were like a dummy drivers
that would make me feel better if there at least
(24:09):
appeared to be a driver in the seat, then I
would be cool with that. Yeah, so are have you
taken waymo? Let us know again on the iHeartRadio app.
Just click on that talkback and hit us up. Let
us know. Here's what we're following. In the KFI twenty
four hour newsroom, immigrant rights advocates have launched their community
stoppage are calling for a twenty four hour boycott of
(24:32):
several businesses and rallies opposing federal immigration rates. Events got
underway at midnight. A fast food strike is happening near
MacArthur Park, followed by rallies and then a march to
the Federal Detention Center in downtown LA later this afternoon.
L Like Kenny Da, Nathan Hoffmans's authorities are laser focused
on stopping illegal street takeovers. Announced plans yesterday to try
(24:53):
to stop the takeovers with youth education, stepped up enforcement,
and some other torrents at takeover hotspots. He also had
a warning for those who participate, saying yeah, you're going
to face jail time, fines and maybe felony charges. A
former mail carrier from Carson has pleaded guilty to stealing
checks and debiting credit cards from the mail, then selling
(25:14):
them to her accomplices and flaunting the cash on Instagram.
Mariann Magdamitt used to work for the Torrent's main post office,
doesn't work there anymore. She could get up to thirty
years in prison when she's sentenced October sec In October,
let's get back to some of the stories coming out
of the KFI twenty four hour newsroom. The La School
(25:34):
District has created a plan it says should keep students
safe from immigration enforcements.
Speaker 7 (25:40):
The district announced its plan as local mayors and other
government officials joined in to show a united front against
federal immigration agents. Elliemr Bass says the district offering more
virtual learning options is good, but worries it could affect
positive trends from in person learning, and that's why we.
Speaker 12 (25:55):
Don't want to backtrack on that accomplishment by kids staying
away from because they're afraid.
Speaker 7 (26:02):
The district is also sending staff members out to the
community on the first day of school to watch over
students as they travel, and it's expanding its bus fleet
and routes. Michael Monks KFI News.
Speaker 1 (26:12):
Westminster City council woman Amy Fan West has been granted
a diversion program after being accused of using her political
influence to stop her husband's car from being towed. She
got charged with trying to bribe a public officer. The
Orange County DA says she told park control officers she
loves police, was a close friend of the police chief,
(26:34):
and was advocating for pay raises for the department as
its union was negotiating a new deal. A group of
seventy four residents tried unsuccessfully to challenge a diversion program
for faun. A convicted felon has been charged with trying
to kill an Orange County Sheriff's deputy in Lake Forest.
Ethan Mole was arrested last Thursday, a day after he
was allegedly involved in a domestic violence case. Deputies say
(26:58):
when they tried to detain him, he pointed a gun
at them and was shot. He also got bit by
a police dog. Mull has been charged with several felonies,
including attempted myrtle a murder, assault with a semi automatic
rifle on a peace officer, and possession of a gun
by a felon. California may soon be ready to drill
baby drill.
Speaker 2 (27:18):
State lawmakers are considering Governor Gavin Newsom's plan to make
it easier to drill wells and oil fields in Kern County. Also,
the Energy Commission is expected to consider pausing a possible
cap on oil industry profits in the state. Meanwhile, Newsom
is reportedly shopping for a buyer for the Valero refinery
plant near San Francisco, which is one of two refineries
set to close over the next year, which could cause
(27:39):
a spike at the pump. Jason Campedonia KFI News.
Speaker 1 (27:43):
A possible city killer could be a moon murderer instead.
Speaker 3 (27:48):
A fascination moon.
Speaker 14 (27:50):
NASAs has an asteroid that once had a three point
one percent chance of hitting the Earth could now be
its thread to the Moon. The two hundred foot long
asteroid twenty twenty four yr four was first spotted last December.
Speaker 7 (28:00):
By February, better data ruled out.
Speaker 14 (28:01):
An impact on Earth, but by May it had a
four point three percent chance of hitting the Moon, and
that percentage continues to go up and NASA says it's
schedule to reach the Moon just before Christmas in twenty
thirty two, and while an impact could devastate a city,
it wouldn't do much to the moon. It definitely would
alter the motion of the moon, and the impact wouldn't
even be visible to the naked eye. Michael Krozer KFI
need destin Like we.
Speaker 1 (28:25):
Don't already have enough to worry about. Time to get
in your business now with Bloomberg's Courtney Donahoe, Morning, Courtney,
Good morning.
Speaker 3 (28:32):
Busy day here on Wall Street.
Speaker 1 (28:33):
Yeah, because you just got a key report on consumer prices, right.
Speaker 6 (28:38):
Yes, it is the event of the day, if not
the week, for Wall Street. So we just got a
look at July inflation data, and it's going to have
a handful of economic releases, kind of like the jobs
report that's key to determining whether the Federal Reserve cuts
interest rates next month. So here's the breakdown the core
consumer price index and that excludes food and energy. It's
now accelerated to three point one percent. That is a
(29:00):
touch higher than expected. But keep in mind Federal Reserve
Chair j Powell has been saying that the Central Bank
is focused on twelve month inflation.
Speaker 3 (29:09):
So investors are.
Speaker 6 (29:10):
Driving stocks higher after sitting on the sidelines through most
of the morning, but after the report, traders are pricing
in an almost ninety percent probability that the Federals are
lower rates by quarter point at the September meeting because
of this report. So the market response is suggesting that
some traders also were expecting they were expecting this to
be a worse inflation report than it actually is. So
(29:33):
we are seeing stocks powering higher this morning. Down features
are up two hundred and fifty points.
Speaker 1 (29:38):
Okay, and we still have to wait for another month
before we figure out if we actually get that interest
rate in exactly.
Speaker 6 (29:45):
Okay, yes, September, And when you're breaking down this report too,
it looks like shelter was the main overall driver of
inflation this past month. And it's also worth noting that
prices for food at home that was flat on the month,
and I know grocery prices have been very expensive for
a lot of people. So steady for some time. Yes,
maybe it's holding steady for some time.
Speaker 1 (30:05):
Okay. ESPN and Fox team it up to offer a
streaming deal. Oh good, more streaming, Yes, a.
Speaker 6 (30:11):
Lot more streaming. So ESPN and Fox they're looking to
build a little buzz for their new streaming services that
are on the way later this month. So the ESPN
Sports streaming service and Fox one. They both launched August
twenty first, and they're offering the two is a bundle
for forty.
Speaker 3 (30:25):
Bucks a month.
Speaker 6 (30:26):
Now the new ESPN app that's going to include access
to content from all the networks channel it costs thirty
bucks a month on its own.
Speaker 3 (30:33):
But Fox one, yeah, it's a lot.
Speaker 6 (30:36):
So that's why they're hoping this combination will say, hey,
you're going to buy both of them. Fox one costs
twenty dollars a month, and that combines sports news and
entertainment firm Fox Properties.
Speaker 1 (30:46):
Okay, if you're into underwear, hey, yes, might soon have
a new owner.
Speaker 3 (30:55):
Yes, Canada's guild and active Wear.
Speaker 6 (30:57):
They said it said that they're into talks to buy
Haynes brands. The Financial Times is reporting that the deal
could value Haynes at almost five billion dollars. But Guilden
you probably not You probably don't know who they are.
But they manufacture everyday clothing T shirts for example. But
they do own several brands including American Apparel, you know
that clothing and a Gold Toast socks too. So this
(31:20):
would be another brand that would put under its umbrella.
Oky do Okey and Spirit Airlines. Has a warning for investors. Yes,
they do. They're raising their doubts about its ability to
stay in business. So that is a pretty rough warning
to investors. Yeah, that it may not survive if it
can't raise cash quickly enough to keep its creditors happy.
(31:42):
So Spirit emerged from bankruptcy back in March. We talked
about that. They reduce their debt by close to eight
hundred million dollars. But the company's still facing a cash crunch.
So they're going to have to sell some spare engines,
the rights to use some of the gates at a
number of its airports, real estate, another a number of
their measures to raise some money. So when did they
make that announcement overnight? Okay, so it's actually they didn't
(32:06):
make the announcement. They put it in a filing. So
anytime it's buried in a filing, it's hard to hard
to find.
Speaker 1 (32:13):
But why yet, Bloomberg, We dig it up for you. Yeah,
it'll be interesting to see what happens to their stock today.
Oh yes, definitely. Okay, one last thing. Apparently a lot
of people who have taken out student loans aren't paying
them back.
Speaker 6 (32:26):
Yeah, so Americans are required to make the payments again
for their student loans. We have the five years of
pandemic leniency measures from the government, but the Department of
Education estimates only a third of those receiving bills are
actually paying them and the rest are e they're unable
or unwilling to comply.
Speaker 3 (32:42):
Yeah, third a third, But as it.
Speaker 6 (32:45):
Stands, repercussions for non payment, that's it's pretty limited right now.
So they're saying, well, I'm going to pay for necessities
as opposed to this, because the most immediate impact is
a hit to a bar's credit score followed by potential
wage garnishment. But okay, you know they're not seeing the repercussion,
so they're saying, let me align what I need to
(33:05):
really buy first.
Speaker 1 (33:06):
All right, that's getting in your business with Bloomberg's Courtney
Donaho like we do every morning at five forty. Thanks Courtney.
We'll talk to you tomorrow.
Speaker 3 (33:13):
Let's see you later.
Speaker 1 (33:14):
All right. Hey, we were asking you whether you take
Wai moo or you're like me and still scared of them.
And I think we have somebody who's a waymo fan.
If I can click it old, please here we go.
Speaker 8 (33:31):
Good morning, Amy Hector here, and goodyear Arizona.
Speaker 2 (33:34):
We've had the waymol cars out here for over a
year that I know of, but mostly in downtown and
never had a single issue. Still looks kind of weird
and freaks you out when you drive up to it
and you see there's nobody driving, but stay off of Amy.
Speaker 1 (33:48):
Okay, thanks Hector, I still am freaked out by it.
Congratulations to David Ronda from Pico Rivera. He called in
and was number thirty teen and he gets to go
and gets scared. This weekend he's headed to the Midsummer
Scream at Long Beach. If you want to go, they
(34:09):
still have tickets available for VIP weekend tickets and then
I think tickets for Friday and Sunday. Saturday is sold out.
But that's Midsummer Scream coming to Long Beach this weekend.
Here's what we're following in the KFI twenty four hour newsroom.
LA school district officials have announced new measures to make
sure students can travel to and from school safely as
kids get back to class and immigration raids continue. The
(34:33):
district is mailed and emailed family preparedness packs to households.
They'll also be sent home with students on the first
day of school, which is Thursday. Attorneys representing four moms,
two of whom are from the Inland Empire, have challenged
California's denial of religious based exemptions to vaccination requirements for
kids to get into public schools. Briefs were filed with
(34:55):
the Ninth Circuit Court yesterday. The mothers say their First
Amendment liberties must be protected with vigilance. President Trump says
his administration is looking at reclassifying marijuana from a Schedule
one to a Schedule three drug downgrading. It wouldn't make
it legal, but would lessen criminal penalties. If Trump follows through,
it would continue efforts started by the Biden administration to
(35:17):
designate marijuana as a less dangerous drug. We're just minutes
away from a handle on the news this morning. Trump
isn't happy with Ukraine's president Zelensky again. Apparently he's not
happy that Zelensky doesn't want to give up land to Russia.
Let's say good morning now to the host of How
to Money on KFI. It's Joel Larsgard. So, Joel, we've
talked about by now pay later, and you've been hesitant
(35:42):
to support that. I'll say that. But apparently there's another
reason that you really might want to think before you
use the BNPL.
Speaker 5 (35:54):
Yeah, so, I know some people don't think by now
pay later is a big deal, and that it's similar
to paying with a credit card. You're paying installments and hey,
guess what, there's less of a chance of getting hit
with fees or high interest rates. But what concerns me,
I think in so many ways about buy now, Pay Later,
(36:14):
is the fact that it's not really been brought into
the light as far as credit scores. That's that's at
least one of my concerns. And so there was talk
over the prior year that hey, pretty soon the buy now,
Pay later companies are going to play nice with the
credit buros. They're going to start reporting the transactions of
consumers to Equifax and TransUnion and Experience, and so you know, once,
(36:36):
once those the transactions are brought into the light of day,
influencing credit scores, then lenders are going to have a
little more a little better idea about what's happening behind
the scenes that right now is kind of shrouded in secrecy.
And so it looked like that was gonna happen. It
was going to be factored into Fico Scores. Fico, which
is essentially the biggest uh the main aggregator of credit scores,
(36:58):
said hey, we're going to actually create a new credit
score that factors in buy now, pay later transactions. But
the buy now, pay later companies are getting cold feet
and they're saying, actually, we don't want the credit bureaus
to have this information. And I think what so much
of it comes down to is the fact that it's
ultimately going to harm consumer credit scores and they don't
(37:19):
want their customers to get to get dimmed because of
or behavior.
Speaker 1 (37:24):
Okay, it's kind of an interesting thought because you if
they don't want to be part of the credit scoring
universe or whatever you want to call it, but then
how are they going to get their money? They must
have figured that into the business model that some people
aren't going to play.
Speaker 5 (37:40):
They have, they have, I mean, I think their business
model is still kind of they're figuring it out as
they go. But you know, many of these buy now,
pay later companies, part of the way they make money
is telling the retailers, hey, if you allow consumers to
pay via Klarna or after on your website, you're gonna
(38:02):
you're gonna sell more product and so give us a
little cut of the transaction and it's gonna be a
win win, except for the loser in that situation, as
consumers who behaviorally are using buy now, pay later in
a way that does cause them to spend more than
they thought they would. And we're seeing kind of the
hangover from that effect, like credit card debt hasn't gone
(38:24):
down as buy now, pay later debt has gone up,
and people are just literally spending more of their hard
earned money on stuff because buy now, pay later makes
it easier and frictionless. And that's why I am a
big fan. That's so many turns in the process of
personal finance, of creating more friction in the process, like
when there is more friction involved in your transactions, involved
(38:46):
in some aspects of your person. There are some things
I want you to make easy, right, the smart things,
the automatic investing, the increasing your contribution to your four
oh one K.
Speaker 3 (38:56):
Make that easy.
Speaker 5 (38:57):
But then make the other stuff, the spending stuff a
little bit. In that way, you're going to kind of
grease the wheels to do the right thing in your
financial life.
Speaker 1 (39:05):
Yeah, I think we've all been guilty of impulse spending
because like you just said, it's so easy to do. Okay,
So when we're talking about a bigger investment and we're
talking about homes, and home prices are going up, and
we know that we pay real estate agents a certain fee,
and as home prices go up, boy, those fees sure
go up too. But there may be a solution for that.
Speaker 4 (39:26):
Yeah.
Speaker 3 (39:27):
Yeah, So it's interesting.
Speaker 5 (39:28):
This is kind of still in the aftermath of this
court ruling against the National Association of Realtors, which basically said, hey,
guess what, there's realtors are not just charging two high
a fees, but there's kind of this collusion in a
sense to get people to pay more than they need to.
And it was just the standard three percent to a
(39:49):
buyer's agent, three percent to a seller's agent, and that
is far more than what people pay in many other
nations around the world to realtors for represent them in
the either purchase or sale of a home. And so
we're starting to see finally in the aftermath of that
ruling saying, hey, guess what, you can't just knee jerk
charge this amount. You have to give buyers and sellers
(40:12):
a say in what they pay to realtors. We're starting
to see individuals negotiate more. Got an email from a
listener last week saying, Hey, guess what heard you talking
about Jada. I'm paying less to my agent because I
asked them up front, Hey, will you will you represent
me for less money for a smaller percentage fee And
they were like, yeah, sure, And I think we have
more say so than we think. But it's also interesting
(40:33):
to see more technology, more services come online. Redfinn has
been doing this for a while with a discounted rate
for its agents. Well, there are new services like Turbo
home is one which is in California and Texas only.
But these things are these services are expanding rapidly and
they're giving individuals another option, maybe a more low frills,
(40:57):
less handholding sort of ability in the train action. So
you can say, hey, what do I prioritize. Do I
want a full priced real estate agent who's going to
give me white glove service, or do I want a
tech service that's going to charge me a fraction of
the price, sometimes a third of what an agent might
charge get the thing done, but I might have to
do a little more work on my end to make
(41:17):
it happen.
Speaker 1 (41:17):
Okay, So shop around and you can save money buying
and selling. And for more great financial advice, you can
listen to Joel Larsgard every Sunday from noon to two.
It's called how to Money on KFI. You can also
follow Joel at how to Money. Joel. Thank you, Joel.
Speaker 5 (41:33):
Thanks Amy.
Speaker 1 (41:34):
All Right, before we get out of here, I want
to share just a little bit more about step Fush,
our technical director, who was in that accident, and the
good Samaritans who came to his rescue and saved his life.
Five people stopped on the one to five freeway back
on Thursday to rescue Foush. One of them is Jonathan
(41:57):
Garray and he was on with Tim Conway Junior yesterday
and he told Tim that they literally had to flip
the car over get it back up right to get
Fush out of it.
Speaker 15 (42:08):
Lady had an extra T shirt and we made a tourniquet.
Another guy was kind of holding things together on his arm.
We pulled him a good fifty feet away, and then
the inside of the cabin of the car started visible flames.
Speaker 1 (42:21):
And another one of the heroes, ken Yati Hubbard, told
Conway that it was a natural reaction by all of
them because they knew that Fush was in serious trouble.
Speaker 15 (42:31):
I didn't do it for recognition. I did to save
this guy's life. I wouldn't have living myself know when
I drove past him and he was trapped in that
car and I didn't try to help him.
Speaker 14 (42:40):
You know.
Speaker 1 (42:40):
Yeah, Fush's arm was trapped under the car and pinned
because it was like resting on the driver's side. He's
had at least three surgeries, but he is recovering and
we certainly wish him well and thank you, thank you,
thank you to the heroes. By the way, ken Yatti
Hubbard one of the guys who helped save Fush. Ken
Yati literally means the brave one in Swahili. Kind of apropos,
(43:03):
don't you think. Thanks guys, we appreciate it. 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
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 wake Up Call five
(43:25):
to six am. Monday through Friday on KFI AM six
forty and anytime 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.
Speaker 2 (00:07):
App KFI had 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 (00:26):
Well, hello there, it's five o'clock, straight up. This is
your wake up call for Tuesday, August twelfth. I'm Amy King.
We're live everywhere on the iHeartRadio app. Okay, technology has
bitten me again.
Speaker 2 (00:41):
I see you fighting with your phone.
Speaker 1 (00:43):
Well, that's just I'm trying to figure out I downloaded
a file and I'm trying to figure out where to
find it now. Oh, it's in the file scre Can
you find it for me?
Speaker 4 (00:52):
Oh wait?
Speaker 1 (00:53):
Oh no, it downloaded right to my photos, just where
it was supposed to go. Yeah. So have you seen
any way mos around town?
Speaker 4 (01:00):
Oh?
Speaker 1 (01:01):
Yeah, I hadn't seen any until this weekend. And so
we saw one on Saturday and I was like, what
is that?
Speaker 5 (01:08):
What is that thing?
Speaker 1 (01:09):
Yeah? And then I was driving to work this morning
and there was one like on my street. I didn't
know it was in my neighborhood.
Speaker 3 (01:15):
Oh I didn't either. I thought it was just West La.
Speaker 1 (01:17):
But no, they're spreading out, they're expanding. Yeah, okay, so
here's my other I'm not ready to take away mo yet,
not at all, Not at all? Are you?
Speaker 3 (01:27):
I would?
Speaker 6 (01:28):
Yeah?
Speaker 7 (01:28):
I mean not on the freeway, but just a little
short hop share why not?
Speaker 1 (01:33):
What do you think? Actually that might be a good
question for the talkback? What do you think? Are you
ready to take away moo? Are you still a little
leery of the whole no driver thing? If you'd like
to share your thoughts, or maybe if you've taken one
and had a great experience, I'd love to hear about it.
Just go to the iHeartRadio app and if you're listening there,
you're already there, and there's a little microphone in the
(01:53):
upper right hand corner, and let us know weimo or
not weimo.
Speaker 3 (01:59):
West Ola also has those little food robots because they're
so weird looking.
Speaker 7 (02:02):
Have you seen the little food robots on?
Speaker 8 (02:04):
No?
Speaker 1 (02:04):
I haven't seen those. Oh my gosh, I haven't seen Okay,
I'm just not ready for this technology, and I'm like,
is this going to be everywhere? I think it is?
All right, here's what's ahead on wake up Call. A
federal judge weighing whether the Trump administration I legally sent
National Guard troops and US Marines to LA during the
anti ice protests that started in June. California is calling
(02:27):
for any remaining National Guard troops to be returned to
state control and any future military deployment for civilian law
enforcement to be blocked. The third of three funerals held
for the La Keunty Sheriff's detectives killed when a grenade
exploded at a training facility is being held today. Detector
Victor Limas was killed along with two other deputies at
the sheriff's facility in the East LA on July nineteenth.
(02:50):
The funeral at Cavalry Chapel in Chino Hills is private
at the family's request. Washington d C residents have protested
President Trump's decision to deploy the National Guard and take
control of the city's police department. A group that helped
organize the protest called on DC residents to make noise
outside their homes every night that the city remains under
federal control. ABC's Stephen Portner is going to join us
(03:13):
to tell us why the President did it, how DC
officials are reacting, and whether the federal government could come
take over law enforcement in other cities, like you know,
La ready to scream. I know it's only August, but
we also know that Halloween is right around the corner,
and in southern California we do get started really early
(03:33):
with all the skeletons in Costco. We'll be talking to
the co founder of the Midsummer Scream Convention. It's coming
to Long Beach this weekend and it's all things Halloween
and horror, and that's coming up in just a few minutes. Plus,
We've got a pair of passes to the event for you.
If you're Halloween in horror, you're gonna want to be there.
(03:56):
Joel Larsguard has warned us before about by now, pay later.
We're learning now of another reason you might want to
think twice before you buy that way, and with home
prices continuing to rise, is there a way to save
some money buying and selling your house. Of course, Joel knows,
and he's going to share that with us. Coming up
before the top of the hour, let's get started with
some of the stories coming out of the KFI twenty
(04:16):
four hour newsroom. Trial has started over whether President Trump
had the legal authority to send National Guard troops to LA.
ABC's Alex Stone says a federal judge initially said Trump
did not have the authority, but an appeals court refused
to stop the deployment.
Speaker 9 (04:30):
Now the original judge will preside over a full trial
and decide if the president had the authority or if
he broke the law. No matter what the judge decides it,
we'll probably go back to the Court of Appeals and
maybe the Supreme Court.
Speaker 1 (04:42):
The troops were sent to La and June to protect
federal properties and agents during those immigration rates. The bench
trial is expected to last a few days. Immigrant rights
advocates are holding a twenty four hour boycott of businesses
to protect federal or to protest rather federal immigration operations.
The action organized by groups led by the Coalition for
Humane Immigrant Rights Los Angeles or CHURLA. They want Home Depot,
(05:07):
target Walmart, and fast food restaurants to be boycotted because
they say federal agents have been allowed to use them
as staging areas. The LAPD says is going to crack
down on illegal street takeovers and street racing.
Speaker 7 (05:18):
Police say there have been nearly five hundred illegal street
takeover events in the city so far this year. LAPD
Deputy Chief Donald Graham blames social media platforms for paying
for content created at the takeovers.
Speaker 10 (05:30):
You're monetizing this criminal, dangerous and deadly behavior. So maybe,
just maybe before you cut a check, maybe look at
the content that you're sending out.
Speaker 7 (05:41):
La County DA Nathan Hoffman says promoters, organizers, drivers, and
even spectators can and will be charged if they are caught.
Michael Monks KFI.
Speaker 1 (05:50):
News Time to say Good morning too, ABC's Stephen Portnoy Stephen,
President Trump announced that he was having his administration or
the federal government, taken control of the DC Police Department
and activated eight hundred National Guard troops. Why did he
do it and how are DC officials reacting?
Speaker 11 (06:08):
Well, he did it because he says that the city
is in need of rescue from, as he puts it, crime, bloodshed, bedlam, squalor,
and worse. So he is asserted authority that exists in
law under the DC Home Rule Act of nineteen seventy
three that allows the president, under emergency circumstances to take
(06:29):
control of the city's police department for up to thirty
days unless Congress acts to extend the emergency, which everyone
thinks is unlikely because Democrats could filibuster it in the Senate.
Speaker 3 (06:39):
So he's done that.
Speaker 11 (06:41):
He's sent eight hundred National Guard troops to the city
streets to kind of sort of be a physical presence there,
ramped up federal law enforcement from a raft of agencies
starting last weekend. And so the whole idea here, as
a president who's talk tough on crime is going to
demonstrate how he can be tough on crime in the
nation's capital. The mayor of the city says, well, maybe
this could help, but also we don't exactly need it,
(07:02):
because crime statistically is actually at a thirty year low,
and violent crime, according to the city's police department, is
down twenty six percent year to date from last year. Now,
obviously there are always going to be violent incidents in
a major city, and what is too many? But the
idea that an administrative change with the DC Police Department
for thirty days reporting to an interim federal commissioner who
(07:25):
reports up to the Attorney General, who reports up to
the president is going to change anything, Well, I guess
we'll have.
Speaker 1 (07:29):
To see, Okay, And then is this I mean, he's
completely authorized to make this decision, or is this one
another one that's going to just get challenged in court.
Speaker 11 (07:41):
The mayor was asked yesterday about this, and she said, well,
I suppose we could pose a challenge, but the authority
and law is pretty broad, so we won't.
Speaker 1 (07:49):
Okay, and then the crime rate down. But I think
that the statistics that Trump was using was that in
DC it's higher than in like Bogota, Columbia and Mexico City.
Speaker 11 (08:03):
As a bad dad, I don't know where he's getting
those numbers, but he says that in DC the books
are cooked. That's what his communications director said. There's been
no proof of that, you know. And so look, the
fact is you've got the DC Police, which compiles the statistics,
and there they're the only source of any information about
crime in the city. And I don't know how else
you'd compile the data, and they say that, you know,
(08:29):
look this way. The mayor has said that typically when
there's an emergency, you see a spiking crime, not a decrease.
Speaker 1 (08:36):
Okay, ABC, Stephen Portnoy, I'm sure all eyes are going
to be on DC to see what happens next. Thanks
for the info, you bet. All right, Let's get back
to some of the stories coming out of the KFI
twenty four hour newsroom. Officials in Pennsylvania trying to figure
out what caused an explosion at a steel plant outside Pittsburgh.
It killed two people and heard at least ten others.
The explosion happened yesterday at the Clareton plant in the
(08:59):
Mon Valley, about fifteen miles outside of Pittsburgh. Emergency services
say a rescue effort continued into the night. The plant
is still partly operational. Three people have been killed in
a shooting outside of Target in Austin, Texas. It happened
just after two yesterday afternoon. Police Chief Lisa Davis as
a shooter took off in a car that belonged to
(09:20):
one of the people killed. Wreck that car then hijacked
another car. He was then found by Austin PD in
South Austin. He was shot with the taser and arrested.
Police say the guy has a history of mental health issues.
President Trump has extended a trade truce with China for
another ninety days. The previous deadline was set to expire
at midnight. Had that happened, the US would have ratcheted
(09:43):
up taxes on Chinese imports from an already high thirty percent,
and China would have responded with retaliatory tariffs. Pause by
some time for the two countries to try to work
out an agreement. Israeli Prime Minister Benjamin Netanyahu says Israel
plans to widen its upcoming offensive beyond Gaza City to
the last areas not yet under Israeli control. Most of
(10:05):
Gaza's two million residents have taken shelter in those areas.
The mobilization of forces is expected to take weeks in
Israel may be using the threat of a wider offensive
to try to pressure Hamas into some sort of ceasefire
deal or the release of hostages. Tropical Storm Aerin has
formed in the Atlantic. Meteorologist Gingersey says it's expected to
(10:25):
turn into a major hurricane by this weekend. The potential
track takes it between Bermuda and the United States, and
we have it that way because ninety percent of the
computer modeling right now have it curving away. This is
the fifth storm of the Atlantic hurricane season, and Ford
is hitting the gas on electric vehicles. Ford says it.
Speaker 12 (10:44):
Will invest nearly two billion dollars to retool a plant
in Kentucky. The automaker says the goal is to produce
evs that are more affordable, profitable to make, and outcompete
rival models. The factory will be revamped to manufacture electric
vehicles after producing gas powered vehicles for decads. Ford says
the first EV vehicle to roll off the assembly line
(11:04):
will be a mid size four door electric truck that's
set to debut in twenty twenty seven.
Speaker 3 (11:09):
Dep remark Ka fine news.
Speaker 1 (11:11):
Okay, you know that we've been talking about Steff Fusche,
our technical director, who was in that really nasty car crash.
He survived it thanks to some people who stopped after
the crash as the vehicle, which was a Prius, was
catching fire. And I swear every time I think about that,
(11:34):
this song just starts resonating in my head.
Speaker 2 (11:39):
The angels.
Speaker 7 (11:46):
Sat down to us from somewhere.
Speaker 1 (11:49):
But if those people I get on Terry whenever I
hear angels among us, if those people had not stopped
and pulled him out of the car, he would be dead.
I mean, it's absolutely amazing. And Tim Conway Junior found
three of the people who were involved. I guess there
were there were like five people now who stopped, but
(12:09):
they literally had to upright the car which was on
its side, and he was trapped with his arm outside
and pinned under the car. They had to rock the
car and turn it upright and then get him out,
and we now know that he was conscious. Yeah, and
God loved Steffus. He was like apologizing to them. I'm
so sorry you guys. Yeah. Just he's such a great
(12:34):
guy and we're so thankful that he is doing well.
And uh, Tim Conway Junior had Jonathan Gray and Kenyati
Hubbard on the show with him yesterday. And if you haven't,
if you didn't get a chance to listen to it live,
you gotta go. You gotta go to the iHeartRadio app.
You gotta go listen to the podcast. It's amazing what
these what these people did to save Fush's life. We
(12:56):
are so thankful. Yeah, okay, getting a tigether again. It
just it becomes so emotional because you think about there's
crashes like this. You tell us about these crashes every
single day. Yeah, and you know, sometimes people come and help,
sometimes they don't, but thank God that they did. On Thursday, Okay,
(13:18):
four people have been arrested in a series of burglaries
that included Brad Pitts home in Los Felis. Pitts home
was broken into June twenty fifth. He was in London
at the time for the premiere of F one, the
movie I still haven't seen that I heard. It's good.
San Louis Obispo County's Board of Supervisors has issued an
emergency declaration because of the Gifford fire that's grown to
(13:39):
more than one hundred twenty two thousand acres. The move
will free up more resources and allow US officials to
issue mandatory evacuations. The fire's thirty three percent surrounded. The
Canyon fire good news on that one. The one up
near Castaic that's now one hundred percent surrounded. Governor Newsom
has urged President Trump to end his calls for redistricting.
Newsom issued a letter to Trump warning that GOP efforts
(14:01):
to draw more favorable maps ahead of the midterms was
playing with fire. Newsom says California will not try to
redraw congressional districts if red states like Texas and their
efforts to do it. At six oh five, it's handled
on the news and speaking of President Trump, he declared
that the federal government was taking over the DC police
(14:26):
and also deploying National Guard to DC. We'll see the
latest on that with Handle on the news. Let's say
good morning now to Claire Dunlap, who is the co
founder and a producer of something that I know a
lot of people are going to be very excited about,
and that is Midsummer Scream. Its builds the world's largest
(14:49):
Halloween and horror convention, and it's coming this weekend to
Long Beach. Thanks for joining us.
Speaker 8 (14:55):
Claire, Well, thanks for having me.
Speaker 1 (14:57):
All right, so I know it's August. The people I
know are already getting ready for Halloween, so it's perfect timing.
Speaker 8 (15:04):
Oh yeah, it gets earlier and earlier every year.
Speaker 4 (15:06):
I know.
Speaker 1 (15:06):
It's crazy.
Speaker 8 (15:07):
Midsummer Scream, right, we love it. We're okay with it.
Midsummer Scream is a Halloween and horror convention. The most
succinct way to describe it is it's like Comic Con
but for Halloween and horror. And we have over one
hundred hours of programming over two and a half days
(15:29):
for panels, presentations, theme parks. We have classrooms, we have
special celebrity guests, we have anything that you can think
of in the Halloween realm. We have including haunted houses.
Speaker 1 (15:47):
Tell me this one hundred hours of programming. You're talking
about panels and celebrity guests, but what specifically I mean
for the Halloween and the Horror Efficient Auto. I mean,
you guys, it's not just a general discussion. You guys
are really digging into some of the cool things that
surround Halloween and.
Speaker 8 (16:03):
Horror Friday evening. We've got, for example, David Desmalchien is
going to present a very special Halloween announcement with the
last podcast on the left, and that'll be on the
frank and stage, and then in the ghost Light Theater
we have Barrie's Truth or Scare, which is Barry is
an obnoxious puppet who we adore, and he will be
(16:27):
doing a game show, you know, with interactive with the
audience and it's hilarious. Part of what we do at
Midsummer Scream is we we create an environment where there
is no way possible that even if you have this
three day pass you would be able to get to everything.
There's that much programming and we do it. That's that's
(16:47):
my design.
Speaker 1 (16:48):
I love that. Okay, now tell me, because I'm looking
through some of the lists of things that you have
offered and Claire, you have the ever popular Screaming Room.
What is that? Oh?
Speaker 8 (17:01):
Yes, so the Screaming Room is and that has been
curated by Norm Gidney of Horror Buzz, and it is
our film festival. It's a short film festival that we've
done for the past several years and it's blocks of
I believe they're five minutes shorts, nothing longer than fifteen minutes.
(17:24):
And so if you look on the app or wherever,
you can see which block will be showing. So each
block is given a certain given a name so that
you can kind of go see like one is, wtf
the other the other is, so you know, it'll keep
you guessing. And those are all Halloween themed original films
(17:46):
that have been submitted. So that's what the screen festival.
And we do have a jury that gives out the
prime prizes for the best, best, the screamiest. I believe.
Speaker 1 (18:00):
I love this and I think we could talk about
this and we could go through your list for quite
quite a while, because, like you mentioned, there's some celebrities.
There's Elvira, Causandra Peterson, David Naughton from an American Werewolf
in London, Linda Blair from The Exorcist and more than that,
plus the two acre Hall of Shadows two acres. That's
(18:24):
a large.
Speaker 8 (18:26):
House. It's very large.
Speaker 1 (18:28):
Yes, that sounds so great. And there are still tickets
available to this show, right.
Speaker 8 (18:34):
There are? Yes, Well, there are tickets available for Friday
and Sunday, and then our VIP gold Bat level are
still available as well. Those include all three days the party,
front of line access early entry on Saturday and Sunday
at ten versus eleven, which is for general admission.
Speaker 1 (18:56):
Okay, one last question. Why should people go to Midsummer Screen.
Speaker 8 (19:00):
We kick off the Halloween season in southern California like
nobody's business. It is so much fun. Not only is
it an environment for people who love Halloween horror. We
have something to appeal to every age of Halloween and
horror fan and we really put the focus on Halloween
(19:21):
versus the horror. The horror is an element of Halloween,
of course, but the Halloween bit is what we really
love to celebrate.
Speaker 1 (19:29):
Co founder and producer of Midsummer Screen, Claire Dunlaps, thank
you so much. In fact, I think we're going to
give away a pair of passes to the event this weekend.
How about that.
Speaker 8 (19:39):
That's fantastic.
Speaker 1 (19:40):
All right, thank you, Claire, have a great day.
Speaker 3 (19:43):
That's fantastic.
Speaker 1 (19:45):
We think so too. So how about we give away
those tickets right now? Let's see Halloween Horror. How about
thirteen AND's like, oh thank god, I don't have to
answer the phone thirty one times. Okay, we'll take caller
number thirteen right now at eight hundred five to two
zero one kfi. That's eight hundred five to zero one
(20:06):
five three four. This is four passes to the Midsummer
Scream this weekend, all Things Horror and Halloween. John Carpenter
is going to be there. Yeah, They're going to have
a lot of really cool people there. And then they
have like from the theme parks like not Scary Farm
has people where they kind kind of tell you about
(20:27):
some of the ins and outs of them. Linda Blair,
maybe she'll do the spider crawl Linda Blair. Okay, that
just gives me all right, color number thirteen for Midsummer
Scream eight hundred five to two zero one KFI. Eight
hundred five to two zero one five three four, give
us a call now. A funeral set to take place
(20:48):
this morning for the third LA County Sheriff's detective killed
in an explosion at the Sheriff's training facility in East LA.
The private service for Victor Limis is being held at
Calvary Chapel Chino Hills. Funerals for the other two detectives,
Joshua Kelly Ecklund and William Osborne, happened last week. The
three were killed last month within a grenade believed to
(21:08):
be a dud exploded. Dodgers star Shohei Otani and his
agent have been accused of sabotaging a two hundred and
forty million dollar luxury housing development project in Hawaii.
Speaker 13 (21:20):
Lawsuit recently filed in Hawaii's Circuit Court names Otani and
his agent, Nezbilelo. The lawsuit was filed by real estate
developer Kevin Hayes and real estate broker Tomoko Matsumoto. The
claim Otani got them fired from working on the development
on the Hopuna Coast, a development the pair had brought
him in to endorse. The lawsuit also claims Blello increasingly
demanded concessions from Hayes and Matsumoto before demanding their business
(21:43):
partner ultimately dropped them from the deal. Daniel Martindale KFI News.
Speaker 1 (21:49):
Walmart's going to pay over five and a half million
dollars to settle a lawsuit accusing the company of overcharging customers.
Speaker 4 (21:55):
The world's largest retailer was accused by four counties in
California of charging customers too much and selling food that
didn't weigh as much as advertised. As part of the settlement,
Walmart will pay the penalty and ensure employees check pricing
and weights in California stores. In twenty twelve, the company
paid just over two million dollars for similar issues. Walmart
has two hundred and eighty locations in California. Mark Ronner
(22:17):
KFI News.
Speaker 1 (22:21):
A homeless man who built a multi level home is
homeless again. The guy reportedly cobbled together a three story
treehouse using wood and other materials taken from another homeless
camp not too far away. The South LA treehouse was
featured on TikTok and went viral. Authorities recently tore it down.
(22:41):
Channel seven says the man is building a new pad now.
And speaking of homes, the Poltergeist House in Ventura County
is now available for rent. The house looks just like
the one next to it, and the one next to.
Speaker 13 (22:58):
That the house Valley, California has been completely redesigned to
mimic the set from the nineteen eighty two horror film Poltergeist.
The home can sleep up to eight people and pets.
Reservations are starting at six hundred dollars per night. Last year,
the home was sold for the first time in more
than four decades. It went for nearly one point three
million dollars. Daniel Martindale k if I news.
Speaker 1 (23:20):
Uh, yeah, no, thank you, no, thank you.
Speaker 3 (23:23):
Hey.
Speaker 1 (23:23):
Earlier I had asked if if you thought weymo was
a good idea, like do you like it? Would you
take it? I'm very very leery of it and would
love to hear what you have to say. If you
want to weigh in on the talk back and let
us know. Are you ready to waimo.
Speaker 3 (23:45):
That's the latest version of Johnny Cab.
Speaker 1 (23:48):
Oh my gosh, you're right, Johnny. Wasn't that from Oh gosh?
What was that movie? Was an Arnold Schwarzenegger movie. I
think the guy uh total recall to remember they were
on Mars and they had the cabs and they had
the really creepy drivers. They were like a dummy drivers
that would make me feel better if there at least
(24:09):
appeared to be a driver in the seat, then I
would be cool with that. Yeah, so are have you
taken waymo? Let us know again on the iHeartRadio app.
Just click on that talkback and hit us up. Let
us know. Here's what we're following. In the KFI twenty
four hour newsroom, immigrant rights advocates have launched their community
stoppage are calling for a twenty four hour boycott of
(24:32):
several businesses and rallies opposing federal immigration rates. Events got
underway at midnight. A fast food strike is happening near
MacArthur Park, followed by rallies and then a march to
the Federal Detention Center in downtown LA later this afternoon.
L Like Kenny Da, Nathan Hoffmans's authorities are laser focused
on stopping illegal street takeovers. Announced plans yesterday to try
(24:53):
to stop the takeovers with youth education, stepped up enforcement,
and some other torrents at takeover hotspots. He also had
a warning for those who participate, saying yeah, you're going
to face jail time, fines and maybe felony charges. A
former mail carrier from Carson has pleaded guilty to stealing
checks and debiting credit cards from the mail, then selling
(25:14):
them to her accomplices and flaunting the cash on Instagram.
Mariann Magdamitt used to work for the Torrent's main post office,
doesn't work there anymore. She could get up to thirty
years in prison when she's sentenced October sec In October,
let's get back to some of the stories coming out
of the KFI twenty four hour newsroom. The La School
(25:34):
District has created a plan it says should keep students
safe from immigration enforcements.
Speaker 7 (25:40):
The district announced its plan as local mayors and other
government officials joined in to show a united front against
federal immigration agents. Elliemr Bass says the district offering more
virtual learning options is good, but worries it could affect
positive trends from in person learning, and that's why we.
Speaker 12 (25:55):
Don't want to backtrack on that accomplishment by kids staying
away from because they're afraid.
Speaker 7 (26:02):
The district is also sending staff members out to the
community on the first day of school to watch over
students as they travel, and it's expanding its bus fleet
and routes. Michael Monks KFI News.
Speaker 1 (26:12):
Westminster City council woman Amy Fan West has been granted
a diversion program after being accused of using her political
influence to stop her husband's car from being towed. She
got charged with trying to bribe a public officer. The
Orange County DA says she told park control officers she
loves police, was a close friend of the police chief,
(26:34):
and was advocating for pay raises for the department as
its union was negotiating a new deal. A group of
seventy four residents tried unsuccessfully to challenge a diversion program
for faun. A convicted felon has been charged with trying
to kill an Orange County Sheriff's deputy in Lake Forest.
Ethan Mole was arrested last Thursday, a day after he
was allegedly involved in a domestic violence case. Deputies say
(26:58):
when they tried to detain him, he pointed a gun
at them and was shot. He also got bit by
a police dog. Mull has been charged with several felonies,
including attempted myrtle a murder, assault with a semi automatic
rifle on a peace officer, and possession of a gun
by a felon. California may soon be ready to drill
baby drill.
Speaker 2 (27:18):
State lawmakers are considering Governor Gavin Newsom's plan to make
it easier to drill wells and oil fields in Kern County. Also,
the Energy Commission is expected to consider pausing a possible
cap on oil industry profits in the state. Meanwhile, Newsom
is reportedly shopping for a buyer for the Valero refinery
plant near San Francisco, which is one of two refineries
set to close over the next year, which could cause
(27:39):
a spike at the pump. Jason Campedonia KFI News.
Speaker 1 (27:43):
A possible city killer could be a moon murderer instead.
Speaker 3 (27:48):
A fascination moon.
Speaker 14 (27:50):
NASAs has an asteroid that once had a three point
one percent chance of hitting the Earth could now be
its thread to the Moon. The two hundred foot long
asteroid twenty twenty four yr four was first spotted last December.
Speaker 7 (28:00):
By February, better data ruled out.
Speaker 14 (28:01):
An impact on Earth, but by May it had a
four point three percent chance of hitting the Moon, and
that percentage continues to go up and NASA says it's
schedule to reach the Moon just before Christmas in twenty
thirty two, and while an impact could devastate a city,
it wouldn't do much to the moon. It definitely would
alter the motion of the moon, and the impact wouldn't
even be visible to the naked eye. Michael Krozer KFI
need destin Like we.
Speaker 1 (28:25):
Don't already have enough to worry about. Time to get
in your business now with Bloomberg's Courtney Donahoe, Morning, Courtney,
Good morning.
Speaker 3 (28:32):
Busy day here on Wall Street.
Speaker 1 (28:33):
Yeah, because you just got a key report on consumer prices, right.
Speaker 6 (28:38):
Yes, it is the event of the day, if not
the week, for Wall Street. So we just got a
look at July inflation data, and it's going to have
a handful of economic releases, kind of like the jobs
report that's key to determining whether the Federal Reserve cuts
interest rates next month. So here's the breakdown the core
consumer price index and that excludes food and energy. It's
now accelerated to three point one percent. That is a
(29:00):
touch higher than expected. But keep in mind Federal Reserve
Chair j Powell has been saying that the Central Bank
is focused on twelve month inflation.
Speaker 3 (29:09):
So investors are.
Speaker 6 (29:10):
Driving stocks higher after sitting on the sidelines through most
of the morning, but after the report, traders are pricing
in an almost ninety percent probability that the Federals are
lower rates by quarter point at the September meeting because
of this report. So the market response is suggesting that
some traders also were expecting they were expecting this to
be a worse inflation report than it actually is. So
(29:33):
we are seeing stocks powering higher this morning. Down features
are up two hundred and fifty points.
Speaker 1 (29:38):
Okay, and we still have to wait for another month
before we figure out if we actually get that interest
rate in exactly.
Speaker 6 (29:45):
Okay, yes, September, And when you're breaking down this report too,
it looks like shelter was the main overall driver of
inflation this past month. And it's also worth noting that
prices for food at home that was flat on the month,
and I know grocery prices have been very expensive for
a lot of people. So steady for some time. Yes,
maybe it's holding steady for some time.
Speaker 1 (30:05):
Okay. ESPN and Fox team it up to offer a
streaming deal. Oh good, more streaming, Yes, a.
Speaker 6 (30:11):
Lot more streaming. So ESPN and Fox they're looking to
build a little buzz for their new streaming services that
are on the way later this month. So the ESPN
Sports streaming service and Fox one. They both launched August
twenty first, and they're offering the two is a bundle
for forty.
Speaker 3 (30:25):
Bucks a month.
Speaker 6 (30:26):
Now the new ESPN app that's going to include access
to content from all the networks channel it costs thirty
bucks a month on its own.
Speaker 3 (30:33):
But Fox one, yeah, it's a lot.
Speaker 6 (30:36):
So that's why they're hoping this combination will say, hey,
you're going to buy both of them. Fox one costs
twenty dollars a month, and that combines sports news and
entertainment firm Fox Properties.
Speaker 1 (30:46):
Okay, if you're into underwear, hey, yes, might soon have
a new owner.
Speaker 3 (30:55):
Yes, Canada's guild and active Wear.
Speaker 6 (30:57):
They said it said that they're into talks to buy
Haynes brands. The Financial Times is reporting that the deal
could value Haynes at almost five billion dollars. But Guilden
you probably not You probably don't know who they are.
But they manufacture everyday clothing T shirts for example. But
they do own several brands including American Apparel, you know
that clothing and a Gold Toast socks too. So this
(31:20):
would be another brand that would put under its umbrella.
Oky do Okey and Spirit Airlines. Has a warning for investors. Yes,
they do. They're raising their doubts about its ability to
stay in business. So that is a pretty rough warning
to investors. Yeah, that it may not survive if it
can't raise cash quickly enough to keep its creditors happy.
(31:42):
So Spirit emerged from bankruptcy back in March. We talked
about that. They reduce their debt by close to eight
hundred million dollars. But the company's still facing a cash crunch.
So they're going to have to sell some spare engines,
the rights to use some of the gates at a
number of its airports, real estate, another a number of
their measures to raise some money. So when did they
make that announcement overnight? Okay, so it's actually they didn't
(32:06):
make the announcement. They put it in a filing. So
anytime it's buried in a filing, it's hard to hard
to find.
Speaker 1 (32:13):
But why yet, Bloomberg, We dig it up for you. Yeah,
it'll be interesting to see what happens to their stock today.
Oh yes, definitely. Okay, one last thing. Apparently a lot
of people who have taken out student loans aren't paying
them back.
Speaker 6 (32:26):
Yeah, so Americans are required to make the payments again
for their student loans. We have the five years of
pandemic leniency measures from the government, but the Department of
Education estimates only a third of those receiving bills are
actually paying them and the rest are e they're unable
or unwilling to comply.
Speaker 3 (32:42):
Yeah, third a third, But as it.
Speaker 6 (32:45):
Stands, repercussions for non payment, that's it's pretty limited right now.
So they're saying, well, I'm going to pay for necessities
as opposed to this, because the most immediate impact is
a hit to a bar's credit score followed by potential
wage garnishment. But okay, you know they're not seeing the repercussion,
so they're saying, let me align what I need to
(33:05):
really buy first.
Speaker 1 (33:06):
All right, that's getting in your business with Bloomberg's Courtney
Donaho like we do every morning at five forty. Thanks Courtney.
We'll talk to you tomorrow.
Speaker 3 (33:13):
Let's see you later.
Speaker 1 (33:14):
All right. Hey, we were asking you whether you take
Wai moo or you're like me and still scared of them.
And I think we have somebody who's a waymo fan.
If I can click it old, please here we go.
Speaker 8 (33:31):
Good morning, Amy Hector here, and goodyear Arizona.
Speaker 2 (33:34):
We've had the waymol cars out here for over a
year that I know of, but mostly in downtown and
never had a single issue. Still looks kind of weird
and freaks you out when you drive up to it
and you see there's nobody driving, but stay off of Amy.
Speaker 1 (33:48):
Okay, thanks Hector, I still am freaked out by it.
Congratulations to David Ronda from Pico Rivera. He called in
and was number thirty teen and he gets to go
and gets scared. This weekend he's headed to the Midsummer
Scream at Long Beach. If you want to go, they
(34:09):
still have tickets available for VIP weekend tickets and then
I think tickets for Friday and Sunday. Saturday is sold out.
But that's Midsummer Scream coming to Long Beach this weekend.
Here's what we're following in the KFI twenty four hour newsroom.
LA school district officials have announced new measures to make
sure students can travel to and from school safely as
kids get back to class and immigration raids continue. The
(34:33):
district is mailed and emailed family preparedness packs to households.
They'll also be sent home with students on the first
day of school, which is Thursday. Attorneys representing four moms,
two of whom are from the Inland Empire, have challenged
California's denial of religious based exemptions to vaccination requirements for
kids to get into public schools. Briefs were filed with
(34:55):
the Ninth Circuit Court yesterday. The mothers say their First
Amendment liberties must be protected with vigilance. President Trump says
his administration is looking at reclassifying marijuana from a Schedule
one to a Schedule three drug downgrading. It wouldn't make
it legal, but would lessen criminal penalties. If Trump follows through,
it would continue efforts started by the Biden administration to
(35:17):
designate marijuana as a less dangerous drug. We're just minutes
away from a handle on the news this morning. Trump
isn't happy with Ukraine's president Zelensky again. Apparently he's not
happy that Zelensky doesn't want to give up land to Russia.
Let's say good morning now to the host of How
to Money on KFI. It's Joel Larsgard. So, Joel, we've
talked about by now pay later, and you've been hesitant
(35:42):
to support that. I'll say that. But apparently there's another
reason that you really might want to think before you
use the BNPL.
Speaker 5 (35:54):
Yeah, so, I know some people don't think by now
pay later is a big deal, and that it's similar
to paying with a credit card. You're paying installments and hey,
guess what, there's less of a chance of getting hit
with fees or high interest rates. But what concerns me,
I think in so many ways about buy now, Pay Later,
(36:14):
is the fact that it's not really been brought into
the light as far as credit scores. That's that's at
least one of my concerns. And so there was talk
over the prior year that hey, pretty soon the buy now,
Pay later companies are going to play nice with the
credit buros. They're going to start reporting the transactions of
consumers to Equifax and TransUnion and Experience, and so you know, once,
(36:36):
once those the transactions are brought into the light of day,
influencing credit scores, then lenders are going to have a
little more a little better idea about what's happening behind
the scenes that right now is kind of shrouded in secrecy.
And so it looked like that was gonna happen. It
was going to be factored into Fico Scores. Fico, which
is essentially the biggest uh the main aggregator of credit scores,
(36:58):
said hey, we're going to actually create a new credit
score that factors in buy now, pay later transactions. But
the buy now, pay later companies are getting cold feet
and they're saying, actually, we don't want the credit bureaus
to have this information. And I think what so much
of it comes down to is the fact that it's
ultimately going to harm consumer credit scores and they don't
(37:19):
want their customers to get to get dimmed because of
or behavior.
Speaker 1 (37:24):
Okay, it's kind of an interesting thought because you if
they don't want to be part of the credit scoring
universe or whatever you want to call it, but then
how are they going to get their money? They must
have figured that into the business model that some people
aren't going to play.
Speaker 5 (37:40):
They have, they have, I mean, I think their business
model is still kind of they're figuring it out as
they go. But you know, many of these buy now,
pay later companies, part of the way they make money
is telling the retailers, hey, if you allow consumers to
pay via Klarna or after on your website, you're gonna
(38:02):
you're gonna sell more product and so give us a
little cut of the transaction and it's gonna be a
win win, except for the loser in that situation, as
consumers who behaviorally are using buy now, pay later in
a way that does cause them to spend more than
they thought they would. And we're seeing kind of the
hangover from that effect, like credit card debt hasn't gone
(38:24):
down as buy now, pay later debt has gone up,
and people are just literally spending more of their hard
earned money on stuff because buy now, pay later makes
it easier and frictionless. And that's why I am a
big fan. That's so many turns in the process of
personal finance, of creating more friction in the process, like
when there is more friction involved in your transactions, involved
(38:46):
in some aspects of your person. There are some things
I want you to make easy, right, the smart things,
the automatic investing, the increasing your contribution to your four
oh one K.
Speaker 3 (38:56):
Make that easy.
Speaker 5 (38:57):
But then make the other stuff, the spending stuff a
little bit. In that way, you're going to kind of
grease the wheels to do the right thing in your
financial life.
Speaker 1 (39:05):
Yeah, I think we've all been guilty of impulse spending
because like you just said, it's so easy to do. Okay,
So when we're talking about a bigger investment and we're
talking about homes, and home prices are going up, and
we know that we pay real estate agents a certain fee,
and as home prices go up, boy, those fees sure
go up too. But there may be a solution for that.
Speaker 4 (39:26):
Yeah.
Speaker 3 (39:27):
Yeah, So it's interesting.
Speaker 5 (39:28):
This is kind of still in the aftermath of this
court ruling against the National Association of Realtors, which basically said, hey,
guess what, there's realtors are not just charging two high
a fees, but there's kind of this collusion in a
sense to get people to pay more than they need to.
And it was just the standard three percent to a
(39:49):
buyer's agent, three percent to a seller's agent, and that
is far more than what people pay in many other
nations around the world to realtors for represent them in
the either purchase or sale of a home. And so
we're starting to see finally in the aftermath of that
ruling saying, hey, guess what, you can't just knee jerk
charge this amount. You have to give buyers and sellers
(40:12):
a say in what they pay to realtors. We're starting
to see individuals negotiate more. Got an email from a
listener last week saying, Hey, guess what heard you talking
about Jada. I'm paying less to my agent because I
asked them up front, Hey, will you will you represent
me for less money for a smaller percentage fee And
they were like, yeah, sure, And I think we have
more say so than we think. But it's also interesting
(40:33):
to see more technology, more services come online. Redfinn has
been doing this for a while with a discounted rate
for its agents. Well, there are new services like Turbo
home is one which is in California and Texas only.
But these things are these services are expanding rapidly and
they're giving individuals another option, maybe a more low frills,
(40:57):
less handholding sort of ability in the train action. So
you can say, hey, what do I prioritize. Do I
want a full priced real estate agent who's going to
give me white glove service, or do I want a
tech service that's going to charge me a fraction of
the price, sometimes a third of what an agent might
charge get the thing done, but I might have to
do a little more work on my end to make
(41:17):
it happen.
Speaker 1 (41:17):
Okay, So shop around and you can save money buying
and selling. And for more great financial advice, you can
listen to Joel Larsgard every Sunday from noon to two.
It's called how to Money on KFI. You can also
follow Joel at how to Money. Joel. Thank you, Joel.
Speaker 5 (41:33):
Thanks Amy.
Speaker 1 (41:34):
All Right, before we get out of here, I want
to share just a little bit more about step Fush,
our technical director, who was in that accident, and the
good Samaritans who came to his rescue and saved his life.
Five people stopped on the one to five freeway back
on Thursday to rescue Foush. One of them is Jonathan
(41:57):
Garray and he was on with Tim Conway Junior yesterday
and he told Tim that they literally had to flip
the car over get it back up right to get
Fush out of it.
Speaker 15 (42:08):
Lady had an extra T shirt and we made a tourniquet.
Another guy was kind of holding things together on his arm.
We pulled him a good fifty feet away, and then
the inside of the cabin of the car started visible flames.
Speaker 1 (42:21):
And another one of the heroes, ken Yati Hubbard, told
Conway that it was a natural reaction by all of
them because they knew that Fush was in serious trouble.
Speaker 15 (42:31):
I didn't do it for recognition. I did to save
this guy's life. I wouldn't have living myself know when
I drove past him and he was trapped in that
car and I didn't try to help him.
Speaker 14 (42:40):
You know.
Speaker 1 (42:40):
Yeah, Fush's arm was trapped under the car and pinned
because it was like resting on the driver's side. He's
had at least three surgeries, but he is recovering and
we certainly wish him well and thank you, thank you,
thank you to the heroes. By the way, ken Yatti
Hubbard one of the guys who helped save Fush. Ken
Yati literally means the brave one in Swahili. Kind of apropos,
(43:03):
don't you think. Thanks guys, we appreciate it. 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
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 wake Up Call five
(43:25):
to six am. Monday through Friday on KFI AM six
forty and anytime on demand on the iHeartRadio app.
Wake Up Call with Amy King News
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