August 19, 2025 • 41 mins
Amy King hosts your Tuesday Wake Up Call. KFI White House correspondent John Decker joins the show to discuss Trump and Zelenskyy meeting and what comes next. Amy talks with parenting expert Richard Ramos about the FBI’s new ‘Crime in Schools’ report. ABC News correspondent Brian Clark talks about the ‘Ketamine Queen’ who sold drugs to ‘Friends’ star Mathew Perry pleading guilty and avoiding trial. 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 ARMS making a comeback and Gen Z not knowing anything about their credit score.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listening to KFI AM six forty wake Up Call
with me Amy King on demand on the iHeartRadio app.
Speaker 2 (00:09):
KFI and kost E HD two, Los Angeles, Orange County
KFI Radio.
Speaker 3 (00:27):
This is Mission Control Houston.
Speaker 4 (00:29):
Please call station for a voice check station.
Speaker 1 (00:37):
This is Amy King with kfi's wake up call.
Speaker 5 (00:39):
How do you hear me?
Speaker 2 (00:42):
I can hear you loud and clear. It's time for
your morning wake up call.
Speaker 6 (00:49):
I've landed and his name is Amy k Here's Amy King.
Speaker 3 (00:58):
This is not.
Speaker 7 (01:03):
God.
Speaker 1 (01:03):
It is five oh one. This is your wake up
call for Tuesday, August nineteenth. I'm Amy King. We're live
everywhere on the iHeartRadio app. I know you're probably sitting
there procrastinating getting out of bed.
Speaker 5 (01:19):
Snooze buttons, don't do it, don't do it.
Speaker 1 (01:21):
You know what, when I used to work at morning radio,
I used to fight with the snooze for like an
hour every day. It was miserable. And now I don't
do the snooze at all ever. Never Just up and
boomp go because you're not getting good sleep anyway.
Speaker 5 (01:38):
True, but it does feel good. Just no, no, it's stressful.
It's stressful, so no excuse.
Speaker 1 (01:44):
It is time to get up. It's gonna be a
beautiful day. Here's what's ahead on wake up call. Following
what's being called a successful meeting between President Trump, Ukrainian
President Zelenski, and several world leaders at the White House,
President Trump says he's arranging a meeting between Zelensky and
Russia's President Putin outside the White House. After the meetings,
Zelenski said a date has not yet been set. Kfi's
(02:07):
White House correspondent John Decker was in the room yesterday.
He's going to join us in just a couple of
minutes to give us his take on the rather historic
meeting yesterday. A woman who shot a man at California
Closets in Huntington Beach has been shot and killed by police.
Police say the man was shot around seven fifteen yesterday
morning and taken to the hospital. About two hours later,
(02:27):
police pulled over the suspected shooter in Southgate. The woman
pulled a gun, officers shotter. There's no word on what
the woman's motive for the shooting may have been. A
late summer heat wave is about to settle in on
the Southland. Triple digit temperatures and low humidity will mean
high fire danger for the rest of the week. The
heat up begins tomorrow and peaks on Thursday. Some valley
(02:50):
areas could hit one hundred and ten. It's going to
stay hot right on through the weekend, with a gradual
cool down starting Sunday as kids head back to class.
Speaker 5 (03:00):
Dangers lurking.
Speaker 1 (03:01):
Parenting expert Richard Ramos joins us to talk about how
families can prepare not panic.
Speaker 5 (03:08):
I'm looking forward to this conversation.
Speaker 1 (03:10):
And the so called ketamine Queen has pleaded guilty to
charges in Matthew Perry's death. ABC's Brian Clark has the
latest on that coming up at the bottom of the hour.
The how Housed, The host of How to Money on KFI,
Joel Larsgard's going to join us this morning to talk
about how your next mortgage can cost you an arm
(03:31):
but not a leg, and whether that's a good thing.
Speaker 5 (03:34):
And do you know your credit score?
Speaker 1 (03:35):
Well, there's a whole generation apparently that's not paying attention
to theirs.
Speaker 5 (03:39):
I'll tell you about that. That's coming up before the
top of the hour.
Speaker 1 (03:42):
Let's get started with some of the stories coming out
of the KFI twenty four hour newsroom. The parents of
a missing seven month old boy in San Bernardino County
are now reportedly the focus of the investigation. Kfi's Mark
Mayfield's is the mom. Rebecca Harrow reported her son was
kidnapped Thursday in u Kaipa.
Speaker 6 (03:58):
She said an unknown man assult did her in a
parking lot and took her baby.
Speaker 8 (04:02):
Since then, she has stopped cooperating with detectives, who say
her story doesn't totally add up.
Speaker 1 (04:08):
There are reports that the mom might have had her
black eye over a week before the reported kidnapping, that
no one at the park where the mom claimed to
be saw the boy, and that his father's conviction in
twenty twenty three for child cruelty. The family's home and
Cabizon was searched over the weekend and the two year
old child was an A two year old child was
(04:30):
removed from the home. The so called Ketamine Queen has
agreed to plead guilty to selling Matthew Perry the drug
that killed him. Jasbin Sanga is the last of five
people charged in the actor's overdose death in twenty twenty three.
She's looking it up to forty five years in prison.
Two doctors have also pleaded guilty In the case, a
woman has been beat up and knocked out at a
(04:51):
concert at the Rose Bowl.
Speaker 5 (04:58):
The woman from Arizona.
Speaker 1 (05:00):
It was at the Rufous Dussaul show on Saturday. She
says when she and her friend got to their seats,
they accidentally spilled a drink on a man in front
of them. She says they apologized, but he yelled at
her and said it was intentional, then ran off. She
says he came back about a half hour later, started
screaming and making threats, and then punched her in the face,
(05:20):
knocking her out.
Speaker 5 (05:21):
It was all caught on video. Police are trying to
find the guy that No arrests have been made.
Speaker 1 (05:25):
California has filed it's thirty ninth lawsuit against the Trump administration.
Speaker 8 (05:29):
Attorney General Rob Bonta joined his counterparts from twenty one
other states ensuing the federal government over the Victims of
Crime Act. Bonta says the grants provided by the program
are being threatened, with sanctuary states for illegal immigrants being
blocked from receiving them.
Speaker 7 (05:42):
The Trump administration is trying to leverage vulnerable people to
force states to capitulate with its immigration agenda.
Speaker 8 (05:50):
The Attorney's General say more than one billion dollars in
funding that helps people come forward to assist with criminal
investigations could be cut from them. Michael Monks, KFI News.
Speaker 1 (05:59):
Let's say good morning now to kfi's White House correspondent
John Decker. So, John, you were in the room yesterday
with President Trump and Ukraine's President Zelenski, the leaders of
the UK, France, Germany, Italy, Finland, and NATO's Secretary General.
Speaker 5 (06:13):
Please tell us about what happened.
Speaker 3 (06:17):
Well, that's right. So I was in the Oval Office
when the President met with President Zelenski first in the
early afternoon. That was an interesting meeting in the sense
that this was the first time that President Zelenski had
been back to the White House since February the twenty eighth,
when that big blow up occurred in the Oval Office.
Much different dynamic now. The President clearly is looking past
(06:41):
what happened several months ago and has really focused quite frankly,
on trying to bring about a piece an end to
this war which has been going on for three and
a half years now. And then in the afternoon, the
President met with those European leaders that you just mentioned
in the East Room, trying to get everybody on the
same page. And I think what I heard from them,
they are on the same page. There is unity in
(07:04):
terms of the path forward to try to end the war.
Speaker 1 (07:07):
Okay, they say they made good progress, did they give specifics?
Speaker 3 (07:14):
Well, I think progress has made in certain areas, and
in fact, German Chancellor Mertz said yesterday in the East Room,
Now the hard part really begins. The President said he
is open certainly to this idea of providing security guarantees
for Ukraine once a peace deal is reached. I don't
think that's going to mean American boots on the ground,
(07:34):
but it will mean America backing up the Europeans who
will have boots on the ground to prevent Russia from
attacking Ukraine in the future. The tough part is figuring
out where the territorial concessions will be made by both
Ukraine and also by Russia. There needs to be some
give and take, and the President spoke about a meeting
(07:55):
that could occur following his meetings at the White House yesterday.
The meeting could be a bilateral meeting involving just Zelenski
and Putin, or it could be a trilateral meeting in
which President Trump would also be president serving as the
mediator at such a meeting.
Speaker 5 (08:11):
Yet during the kind of the little.
Speaker 1 (08:15):
It wasn't a round table, while they were talking, the
president said a if you want me in on that meeting,
I'll be there. In Zelenski's reaction to that was pretty positive.
Speaker 3 (08:26):
It was you know, I think that what I heard
from Zelensky yesterday, Amy was essentially this idea of anywhere,
any place, I'll be there. I mean, he wants to
put an end to this war. His country has been
certainly suffering on a daily basis with these drone strikes,
these missile strikes happening in civilian areas in his country,
(08:48):
and you know he's all on boarant In fact, five
months ago, Amy, President Zelenski agreed to a ceasefire that
has not been agreed to by Russia and President Trump
in a response to my quest yesterday, pretty much indicated
that that idea is off the table, not because the
president doesn't want it, it's just simply because it takes
two to tango, and President Putin will not sign on
(09:09):
to that.
Speaker 5 (09:10):
Okay, it was the meeting yesterday. I want to kind
of get.
Speaker 1 (09:13):
The what was the vibe of it, because from watching
it on television, it sounded pretty upbeat like that. Everybody
like you mentioned seemed to sort of be on the
same page. Is that the feeling that you pot or
was that all for cameras.
Speaker 3 (09:28):
No, it wasn't all for cameras. You know, there was
this nervousness that existed back on February the twenty eighth.
You could cut the tension in the room with a knife.
That was not president yesterday. In the Oval Office yesterday,
it was a much warmer feeling. And you know, the
President I think expressed some warmth to Presidents Linsky. He
respects what his country has done in warding off Russia
(09:52):
for three and a half years. It's really impressive, and
the President acknowledges that. And President's Lensky for his part,
very appreciative, thankful for what the United States has done
for his country. So, no, it was a good feeling,
a good mood yesterday in the Oval Office yesterday, and
that's set up that expanded meeting that took place in
(10:13):
the East Room with those European leaders, and that lasted
many hours. In fact, we were just in at the
top of the meeting, but the meeting lasted for many
hours after we left the East room.
Speaker 1 (10:26):
All Right, kfi's White House correspondent John Decker, thanks for
the update.
Speaker 5 (10:30):
We appreciate it.
Speaker 3 (10:32):
Thank you.
Speaker 1 (10:32):
All Right, let's get back to some of the stories
coming out of the KFI twenty four hour newsroom. Federal
judge in Miami has issued a split decision in a
lawsuit over the legal rights of detainees at the so
called Alligator Alcatraz immigration detention Center. The judge dismissed part
of the suit and also moved the case to a
different different jurisdiction. The claims are that the detainees at
(10:57):
the facilities don't have confidential access to their lofelawyers or
hearings in immigration court. Those were rendered moot when the
Trump administration recently designated the Chrome North Processing Center near
Miami as a site for their cases to be heard.
Speaker 5 (11:12):
So this one continues.
Speaker 1 (11:13):
Hamasas it'll agree to the latest ceasefire plan. In the agreement,
hamasa's it will exchange hostages, some living, some dead, for
Palestinian prisoners. It also wants some other concessions. The word
of an agreement comes as Israel prepares to launch a
massive assault to occupy Gaza city. It's not clear if
Israel's going to agree to the ceasefire worked out by
(11:35):
mediators from Qatar and Egypt. A ship loaded with twelve
hundred tons of food supplies for Gaza is expected to
arrive today at the Israeli port of Ashtod. The Panamanian
flagged ship is loaded with fifty two containers carrying things
like flour, rice, pasta, baby food, and canned foods. Israeli
customs officials screened the ship at Cyprus's main port for
(11:57):
security reasons. House Democrats in Texas who left the state
to prevent a vote on redistricting have returned, but they're
still fighting the effort. ABC's Brian Clark says one of
them locked herself in the Texas Capitol overnight.
Speaker 7 (12:11):
The democrat's return allowed House business to proceed, including passage
of the Republican redistricting plant. The Republican majority did not
forgive the quorum breakers, requiring each to consent to a
public safety escort in order to leave the capitol. Representative
Nicole Collier refused.
Speaker 1 (12:29):
She says she's tired of being pushed around and told
what to do when she disagrees with the actions of government.
Electric vehicle drivers will no longer be able to use
the carpool lanes while driving alone starting in October. Brian
Moody with Kelly Bluebook says they'll need to carpool or
pay for fast track to use the express lanes.
Speaker 9 (12:49):
That feels like a little bit of a cynical solution,
because you're essentially saying, if you can pay, you're afforded
the convenience of being in the carpool lane.
Speaker 1 (12:57):
The state's Clean Air Vehicle Decal programming to promote cleaner
air by letting over a million evs access faster lanes
without those extra passengers, but of course that's coming to
an end. Hurricane Aarin has forced some evacuations on North
Carolina's outer banks. ABC News meteorologist Jeff Smith says that
category three storm will turn away from the eastern US
(13:20):
and won't make landfall, but it's going to get closed.
Speaker 9 (13:22):
Along the entire East coast from Florida up to Maine.
We're talking about destructive waves, high risk of rip currents,
and coastal flooding out There could be waves up and
over fifteen feet outer banks by Wednesday, and up to
twelve feet Jersey Shore up to Long Island and Cape
Cod By Thursday.
Speaker 1 (13:38):
Aaron was packing one hundred and fifteen mile per hour
winds early this morning. Well, people are love and liquor
a lot less.
Speaker 10 (13:45):
A new surveys as alcohol consumption is at record lows.
Gallup's annual consumption survey says fifty four percent of American
city and Biben booze, compared to fifty eight percent last
year sixty two percent the year before. That's as we
get further from the drinking binge days of the pandemic.
At fifty four percent is just below the previous law
of fifty five in nineteen fifty eight and since the
survey began in nineteen thirty nine, and for the first time,
(14:07):
most Americans say even moderate drinking is harmful. Gallup says
the drop in drinking does not appear to be because
of other things, including marijuana, where recreational pod is now
legal in nearly half the states. Michael Krozier KFI News.
Speaker 1 (14:20):
A twenty year old man has pleaded it not guilty
to murder charges in the death of a five year
old boy whose body was found near a trashman in
Panorama City. Prosecutors say Bryson Gaddis killed Elijah Hern, whose
body was found near the dumpster in a parking lot
on Van Nuy's Boulevard July twelve. Gaddis remains in jail
on two million dollars bail. LA County Supervisor Janis Hans
(14:43):
announced a twenty thousand dollars reward for information leading to
the arrest and conviction of the person who killed a
seventeen year old high school graduate in Torrance. Kyler Peyton
was shot June eighteenth at an end of school year
pool party. Peyton had just graduated from Culver City High School.
No one matched all six winning powerball numbers from last
night's drawing. That'll push the jackpot up for the next
(15:07):
drawing tomorrow night to six hundred and forty three million dollars.
The odds of matching all five numbers plus the powerball
are one in two hundred ninety two million.
Speaker 5 (15:17):
Ah, so you're saying I have a chance.
Speaker 2 (15:19):
Sure?
Speaker 5 (15:19):
At six oh five five it's handled.
Speaker 1 (15:21):
On the news, the state Department has revoked more than
six thousand student visas.
Speaker 5 (15:26):
Bill's going to tell you about that.
Speaker 1 (15:28):
Let's say good morning now to California based internationally recognized
parenting expert and leader Richard Raymos, Good morning, Richard.
Speaker 11 (15:37):
Good morning, Thank you for having me, Thanks.
Speaker 1 (15:39):
For coming on so early. So kids are headed back
to school and danger is lurking. The FBI's new Crime
in Schools Report for twenty twenty to twenty twenty four
is out.
Speaker 5 (15:50):
What does it show us?
Speaker 11 (15:53):
Well, I think it shows us that we as parents
need to be really pay more attention to the competition
that we're facing on a consistent twenty four seven sixty
five basis, especially in regards to social media. So many
of these social media influencers are really luring kids into
(16:13):
all kinds of different activities, and I think that that
report reflects those activities that are being influenced through social
media constantly, constantly. FaceTime is replacing I should say Facebook
is replacing FaceTime with parents.
Speaker 5 (16:30):
Okay, and Richard, what are some of the numbers that
are coming out?
Speaker 11 (16:35):
Well, I think there has been over a million, million
point two perpetrators, and I think it was over a
million pretty close to that same number of victims. And
that is staggering number when you really think about and
these are young people, so it's a pretty staggering number.
(16:56):
And again I just think it's a wake up call
for parents.
Speaker 5 (17:00):
Okay.
Speaker 1 (17:00):
And you also say that in this report or that
when kids head back to class, September is an especially
tough time because that's when the number of crimes spike.
Speaker 11 (17:17):
Well, that's right, and I think part of that is
again just them readjustment to back to the structure of school.
But during the summer they've been active in all kinds
of activities that are not productive or positive. That just
carries right over into school. But usually after September it
(17:38):
gets close to vacation and Thanksgiving and Christmas, teams start
to settle down. But at the beginning of the year,
it's kind of an almost unexplainable why September is have
such a high incident of those kinds of acts.
Speaker 1 (17:51):
Okay, Richard, you say that school safety starts at home,
So how do you start, Because you don't just send
your kids off and hope for the best. You need
to be proactive at least set your recommendation.
Speaker 5 (18:04):
So explain to us what you mean by that.
Speaker 11 (18:07):
Well, I think that the first thing parents need to
do is we need to constantly be looking within ourselves.
That's the main thing I stress is we have to
continually grow in our personal growth and emotional maturity. This
is not something that you can just flick a switch
with our kids because of school time or whatever time
it is. This is something that has to be an
(18:29):
ongoing growth process within ourselves and then that reflects to
our kids. And the issue is loyalty and parents should
not take the loyalty of their children for granted, and
they need to recognize the reality of the daily battle
they are in for the heart, mind, and loyalty of
their children.
Speaker 1 (18:50):
Okay, and when you say that, you're talking about you
mentioned competitions, So you know, mom and dad are the
ones who guide you and direct you. But more and
more social media is pulling them away and they're being
influenced by influencers, by other outer sources that might not
have the best intentions.
Speaker 5 (19:09):
For your kids.
Speaker 11 (19:11):
Well, that's absolutely right, and again it's it's a real
wake up call. Parents need the competition. I call it
the four ms movies, music, magazines, and media or social media.
And it's all about the messaging. What is the message
of the lyrics that are the music the kids listen to,
What is the message of the movies that they are
(19:32):
watching that they have access to even on their phone
all the time, online magazines with all kinds of you know,
how to make bombs and how to make guns and
how to I mean just it's crazy. But social media
and the social media influencers, to me, that's where mom
and dad really need to understand. That is your battle,
that is your competition. Do not take the loyalty of
(19:55):
your children for granted.
Speaker 1 (19:57):
Okay, So then what are some things specifically that parents
should be doing to keep that loyalty at home as
opposed to letting it shift over to outside courses.
Speaker 11 (20:08):
Well, it's making what's called the secure attachment, and that
starts it actually can start in the womb, but by
a secure attachment, meaning that our kids feel that they
are heard, they feel they are seen, they feel that
they are valued, their self works up the SeeMe. All
of those things play such important role. And of course
(20:30):
it starts very very early, as I mentioned, but for
older kids it's still not too late. I call it
the role of the farmer, where mom and dad just
continue to plant plow water. Those are metaphors for attention
and affection and words of affirmation and things like that.
And when you do that, if you have a sun
(20:52):
or body. That's kind of getting off the track. When
you do that, it's hard work. You're putting the law
the harvest on your side, which means that whatever we show,
we're going to read and when we're doing those kinds
of positive activities, we are bringing back that attachment that
our tids need to have with us as parents.
Speaker 1 (21:09):
Okay, so it sounds like the message is just be
involved in your kid's life. I know it's easy to
kind of let those forums take over. They're like, ah,
somebody else can take care of it, but as parents,
you need to really stay in there and know what
your kids are doing.
Speaker 11 (21:24):
That's right. I believe the role of parents is being
undermined and lots of different ways, whether it's government trying
to take over the role of mom and dad, or
schools or colleges, and that really is the battlefield that
a lot of parents are we're facing today.
Speaker 1 (21:41):
Okay, Internationally recognized parenting expert and leader Richard Ramos, thanks
so much for the information. Is there anywhere to get
more information about this and maybe some ideas that you
have to help.
Speaker 11 (21:51):
Yeah, people can go to my website Richard R. Ramos
dot com. Don't forget the middle of initial Richard R.
Ramas dot com plenty of free resources, information books and
things like that, the online courses and things like that
that they can find there.
Speaker 1 (22:06):
Everyone can use a healthy ham. Richard Ramos, thanks so
much for your time. Appreciate it.
Speaker 11 (22:11):
Thank you for having me all right.
Speaker 1 (22:13):
The LA Fire Department is pre positioning crews around the
city as a heat wave gets ready to descend on
the Southland. The department has added Crew four. It's a
team of twenty six full time wild land hand crew technicians.
They're trained to respond to wildfires. Temperatures over the next
few days could hit one hundred and ten in the
valleys and mountains. A flight attendant strike that has grounded
(22:36):
Air Canada flights is over. The union representing more than
ten thousand flight attendants says an agreement has been reached.
Air Canada will now gradually resume operations. If you're flying
Air Canada, you can't expect delays as the airline tries
to play catchup. The company that makes those zempics is
it's cutting the cost of the weight loss drug by
(22:56):
about half if you pay with cash. That means people
will be able to buy it for four ninety nine
a month through Novo Nordisk's cash pay pharmacy Novo Care.
At six o five a tendle on the news, President Trump,
We're going to set up a face to face between
Russia's President Putin and Ukraine's President Zelenski.
Speaker 5 (23:16):
Let's say good.
Speaker 1 (23:16):
Morning now to ABC's Brian Clark. Good morning, Brian. The
ketamine queen has agreed to plead guilty to charges for
her role in Friends star Matthew Perry's death.
Speaker 4 (23:29):
Yeah, that's right, Amy. She's going to be the fifth
and we think final person to plead guilty or agree
to plead guilty in connection with Matthew Perry's twenty twenty
three death. And she's facing a long time in prison.
She was one of the two, let's say, big fish
that prosecutors were going after in terms of this drug ring.
And they say that in the plea agreement, she admitted
(23:49):
to supplying ketamine to another man who died of an
overdose back in twenty nineteen.
Speaker 1 (23:55):
Okay, and how much ketamine did she give and to
Perry And when did that all happen?
Speaker 4 (24:03):
Well, they said it happened over a long period of time,
a period of many months, and they said that in
October alone of twenty twenty three, the month Perry died,
she sold him more than fifty vials of ketemine. And
all of this went through Perry's living personal assistant, Kenneth
Iowa Massa, who actually injected him with the ketamine the
(24:24):
day he died. I Will Massa already agreed to plead
guilty and cooperate against saying Ho the ketamine queen. So
this is part of that larger group that prosecutors were
going after, Okay and Brian.
Speaker 1 (24:38):
So she is the one who then didn't inject him necessarily,
but delivered the deadly dose to him.
Speaker 5 (24:45):
At least that's what he was.
Speaker 4 (24:46):
The supplier exactly exactly.
Speaker 1 (24:49):
And she's the last of them. There were five. And
who's the other big fish.
Speaker 4 (24:54):
The other big fish was a doctor who already agreed
to plead guilty, Doctor Salvador Placentia. He plug guilty to
four counts of distribution of ketamine. He did not supply
the dose that actually killed Matthew Perry, but he had
supplied a lot of ketamine during that time as well.
He's going to be sentenced in December. Another doctor and
(25:15):
Iowa Masa they pled guilty, they're facing less time in prison,
but the most charges were saying five charges, including one
distribution of ketamine resulting in death. That's the death of
Matthew Perry. She faces more than forty years in prison.
Speaker 1 (25:30):
Okay, and then everyone else changed charged pleaded out.
Speaker 5 (25:35):
So there's not going to be any trials on this.
Is that correct?
Speaker 4 (25:38):
No, she was the one that we thought would still
go on trial. A trial is actually supposed to start
later this month, and then a few weeks ago was delayed,
which was a sign that maybe there was a plea
negotiation taking place. And now that's what's happened. She's agreed
to plead guilty. We still don't know exactly when she's
going to formally enter that plea, and then when she
does that, we'll learn when she'll be sentenced.
Speaker 1 (25:58):
Okay, And Brian, if she hadn't made the plea, what
kind of sentence could she have been facing.
Speaker 5 (26:04):
If she had been found guilty.
Speaker 4 (26:06):
She could have been facing even more because she was
facing additional charges. I think there were three other counts
that were dropped in exchange for this plea agreement. So
she's still looking for still looking at a long time
in prison, but it could have been even more.
Speaker 1 (26:21):
Okay, and she's called the ketamine queen. Is has she
been charged in any other or convicted in any other.
Speaker 5 (26:31):
Drug crimes or no?
Speaker 4 (26:34):
No, it came to be from this Perry investigation. But
now more stuff has come out. Like we mentioned, she
admitted to that her involvement in that twenty nineteen overdose,
that distribution, but this is the only criminal charges against her.
Speaker 1 (26:49):
Okay, Well, hopefully we can put this one to rest.
Brian Clark, ABC News, thank you so much for the information.
Speaker 5 (26:55):
Thank you all Right, time to get in your.
Speaker 1 (26:57):
Business now with Bloomberg's Dan Schwartzman in this week for
Courtney Donahoe.
Speaker 6 (27:01):
Good morning Dan, Good morning Amy.
Speaker 8 (27:03):
How are you good?
Speaker 1 (27:04):
So I just mentioned this a couple of minutes ago,
but it looks like Air Canada is going to be
taking to the skies again.
Speaker 6 (27:11):
Yeah, good news because we went into today or this
morning not knowing what would happen. I think the company
also was getting a little nervous the number of flights
that have been canceled, the number of passengers who are
not flying, meeting the amount of revenue they've lost. But
now the union representatives have come out, So the strike
had ended after a quote tentative of agreement was reached
overnight crew members. As we know, they were seeking higher
(27:32):
pay and also compensation for times when the plane's not
in motion, such as when passengers are boarding. Air Canada
says it plans to reduce or gradually resumed service. The
first flight should start this evening. The service fully restored
in seven to ten days. So thankfully that strike has
now ended. And if you are Air Canada passenger, well
get ready to fly.
Speaker 1 (27:53):
Yeah how long did this strike last? Because I just
started hearing about it a couple of days ago.
Speaker 6 (27:57):
It began Saturday, so couple of days. Yeah, but you
think about it, Amy, I mean, you know, a couple
of days a major airline like Air Canada. You're talking,
you know, hundreds and hundreds of thousands of flights really
if you think about it, and you know, lots of
passengers not being able to redeem their tickets, so it
was very hectic for them.
Speaker 5 (28:14):
Yeah, well, good that they're going to get that result.
Speaker 1 (28:16):
Home Depot's second quarter results are in and they are.
Speaker 6 (28:22):
So, so let's put it this way and assign the consumers, Amy,
are staying away from big purchases. The key Home Depot
sales metric camean shy of expectations. Comparable sales grew just
one percent in the fiscal second quarter, less than analysts
had expected, but it was an improvement from the prior quarter.
The Home Improvement Giants CFO Richard McPhail said the company's
results were in line with its expectations, though mcphil said
(28:45):
consumers were taking on smaller home projects rather than bigger
ones that would require financing. The company's performance, though, was
the strongest in over two years, So a step up
for Home Depot, but still not meeting the expectations.
Speaker 1 (28:57):
Okay, and Dan, when you're watching these things and you
hear that Home Depot's second quarter results are a little
they're just okay, I mean, like do you look at
the overall this is what's going on with the economy
and that's why this could you know, like you said,
they're not financing things, but maybe they're doing more do
DIY stuff.
Speaker 6 (29:16):
Or yeah, let me you know, little things around the
house you want to paint, you want to replace lights,
you want to do this and that. But major projects
like you know, home extensions things like that where you're
going to have to finance the home improofment alone. Rates
are high right now. Money is not as cheap as
it once was, so people aren't wanting to borrow at
the rates that are currently out there. So it's definitely
affecting you know, home depot lows and other and then
(29:38):
the mom and pop stores as well that sell you
the dry wall and the studs and things like that.
Speaker 1 (29:43):
This is sort of weird. The US could become the
largest shareholder in Intel.
Speaker 6 (29:47):
Crazy story. Sources are telling Bloomberg Amy that the Trump
administration is in discussions to take about a ten percent
steak in the chip maker. The movement involved converting some
or all of Intel's grants from the Chips Act into equity,
and that's about ten and a half billion dollars worth.
It is also announced, I say, the Japanese conglomerate soft
Bank has great to buy two billion dollars worth of
Intel stock. We know chips are hot right now with
(30:10):
Nvidia and AMD, but Intel is the company that has struggled,
and well, maybe this is the boost they need to
kind of get back on track.
Speaker 1 (30:17):
And for the US to be a shell sure, I
mean that becomes a revenue source potentially for the US.
Speaker 6 (30:23):
I guess yeah. I mean, it's just I don't know
how it works, right, we'd a right, like, what does
government put somebody on the board of directors? Do they
have any say in terms of, you know, policy. I
mean I would expect the answers yes, considering they'd be
the largest shareholder. So it's unprecedented, but it could be lucrative.
If you think about chips.
Speaker 1 (30:41):
Today, okay, And if you're thinking about the stock market today,
what are we looking.
Speaker 6 (30:45):
At a mixed start? The Dow is up seventy five points,
or two tens to one percent. That's the good news.
Amy the bad news, well, the Nasdaq is down twenty
seven and a quarter points, a drop of a tenth
of a percent. SMPS down three points, a little under
a tenth of a So expect the mix start here
in about forty five or so minutes when the opening
bell sounds.
Speaker 1 (31:05):
Okay, And it doesn't look like the markets had any
huge reaction to the meetings yesterday at the White House.
Speaker 6 (31:12):
No, not really, And I think people are more kind
of waiting to hear what happens Friday when Jerome Palace
speaks from Jackson Hole and Wyoming will know more about
interest rates, will they go down in September? And also
people want to see more of the retailers, the giant
retailers that are reporting quarterly results during this week, Walmart
and stores like that. So I think they kind of
want to hear more from them before determining up or down.
(31:35):
So it's kind of been on a standstill the first
couple of days.
Speaker 5 (31:38):
Okay, we're going to go in the way back machine.
Speaker 1 (31:39):
But when you said that, everybody's waiting to hear what
Jerome Palace says on Friday. Remember the old Ef Hutton commercials,
wall Ef Hutton talks, everybody listens.
Speaker 6 (31:49):
I don't know everybody listens. I'm not that young, but
you know I think I look young.
Speaker 2 (31:55):
Right.
Speaker 1 (31:56):
Dan Schwartzman in for Courtney all week with Bloomberg, and
we're getting in your business and we're going to do
it again tomorrow.
Speaker 5 (32:02):
Thanks Dan, Thanks Amy, all right.
Speaker 1 (32:04):
California Attorney General Rob Bonta has joined twenty one other
states in filing yet another lawsuit against the Trump administration.
This one asks the court to stop the administration from
taking away grants from illegal immigrants who are victims of crime.
This is the thirty ninth lawsuit California has filed against
Trump in thirty weeks. Texas House Republicans say they'll move
(32:24):
quickly now to pass a congressional redistricting plan now that
the Democrats who fled the state to avoid a vote
have returned. A second special session was convened yesterday. A
vote on the new district that could give Republicans up
to five more seats in the House could come as
early as tomorrow. The FTC has sued a ticket seller
it says used fake accounts to buy Taylor Swift concert
(32:47):
tickets and sell them at higher prices. The FED say
Key Investment Group used thousands of fake ticket Master accounts
to buy the tickets for Swift's super successful Eras tour.
We're just minutes away from Handle. On the news this morning,
why one Texas lawmaker spent the night at the state capitol.
Let's say good morning now to the host of How
to Money on KFI. It's Joel Larscard.
Speaker 12 (33:09):
Morning, Joel, morning, Amy.
Speaker 1 (33:11):
Okay, so your new mortgage might cost you an arm.
Speaker 12 (33:15):
Your jokes so good.
Speaker 5 (33:16):
I love it.
Speaker 12 (33:17):
I love the lead in here, and I'm a dad,
so I can sympathize with the dad jokes. I have
so many in my reports wire. But yeah, so this
interesting to see that adjustable rate mortgages arms are making
a comeback. And so we've actually seen a pretty substantial
increase in the amount of people being interested in and
applying for an ARM instead of a fixed rate mortgage.
(33:40):
And I know there's a lot of people in the
personal finance space who would say, are you kidding me, Like,
think about adjustable rate mortgages back in the early two
thousands and how destructive they were to individuals and then
to the economy as a whole. But I will say this,
arms are not created like they were back then, And
(34:01):
whether or not an ARM makes sense comes down to
a bunch of different details in your life and the
home you're buying, and what you would do with the
money you'd be saving, and how big the differences and
interest rates between the adjustable rate mortgage and a fixed
rate mortgage. But I'm not one of those people who
says that all adjustable rate mortgages are bad. But I
(34:22):
will say right now, when you look at the data,
it does seem like interestrates between adjustable rate mortgages and
fixed rate mortgages are pretty close. To each other, and
usually it doesn't make sense unless there's a wider gap
to go for an adjustable rate mortgage.
Speaker 1 (34:36):
Okay, so why might somebody go for an adjustable rate
mortgage because, like you said, they're sort of making a resurgence.
I haven't heard much about them in recent years, so
we might not know what exactly they do.
Speaker 12 (34:47):
Sure, so the big thing, the reason people go with
an adjustable rate mortgage is because they can get a
lower rate, and so instead of like, for instance, huh
yeah exactly to start, So, the last home I purchased,
I got a ten one ARM and it was the
first time I'd ever gotten an adjustable rate mortgage, and
the big reason was because I was going to save
more than one percent in interest to go with the
(35:10):
ARM instead of the fixed rate mortgage. And I knew
that over the next ten years I would be paying
more towards principle because of the lower interest rate, I
would have more savings that I could toss into throw
at the principle of the home if I wanted, I
could pay down that mortgage more quickly, knowing that there's
a chance that there's a risk right that my interest
rate will go up after ten years, and so you
(35:32):
have to know that and look at the terms. There
are five one arms, seven one arms, like seven six arms,
so all the details really matter about when your rate
can adjust, how much it can go up. Typically it's
like once you that fixed rate period is done, they
can bump up by two percent a year up to
a max of five percent, So the savings have to
be significant. I think over a fixed rate mortgage to
(35:55):
make sense. The other reason people opt for an adjustible
rate mortgage AMY is because they're not going to be
in that home for very long. So the average person
is now in a home for about twelve years. But
let's say you are going to be in a home
you're like, it's probably a five year home, maybe an
eight year home, ten year home at max. Well, then
really a ten to one arm shouldn't worry you nearly
as much and you should just take the savings. So
(36:17):
you really have to think about that kind of stuff too.
If you're like, this is my forever home and I'm
too nervous, I'm too much of a nervous nelly to
worry about those upward rate adjustments, then you know, go
for the fixed rate mortgage. But I think the biggest
thing here when we're talking about mortgages is comparing with
different lenders, and that's the thing that people don't do,
like we're more than willing to do. You know, some
(36:39):
shopping we're online and say, well does another store have
this cheaper? But if we shop for mortgages with a
credit union, with a local bank, with a mortgage broker,
if we shop in multiple with multiple areas, that's how
we're going to save the most. So yeah, I think
the arm and fixed rate debate is really important, and
it's important to consider both and look at the differences.
But what's even more import and is to get multiple
(37:00):
quotes on different kinds of mortgages from different lenders.
Speaker 1 (37:03):
Okay, that sounds like wonderful advice. I know the first
house I had, I had the adjustable rate and it
worked out great for me. But like you said, you
got to kind of be cognizant of where you are,
how long you're gonna have it, what your terms are,
and all that stuff. So just yeah, know what you're
doing before you do it. So there is a whole
generation that's not paying attention to their credit.
Speaker 12 (37:23):
Okay, So when I first saw this, this new USAA
report about gen z not knowing anything about how their
credit score is made up. I was like, oh gosh,
this is not good. Another generation who's just not prepared
to live within the credit scoring system that has kind
of been set up that we're all essentially forced into.
(37:44):
There's just no way out of Equifax experience and TransUnion
having a certain amount of data on us about our
debts and how we borrow so that they can come
with the score so they can sell it to different lenders.
This is just the water we swim and it's the
world we live in. I thought about it for a
second and I was like, wait a second. Gen Zers
are as young as age thirteen, and so when I
(38:06):
thought about these stats, something like one in five have
never checked their credit score, I'm like, it makes sense.
When I was thirteen, I wasn't checking my credit score either.
So from that standpoint, I'm like, hey, gen Z, you're
probably doing fine. You'll learn about credit scores eventually. But
if you're in the upper age range of gen z Ers,
or really even if you're older than that, and you're like, no,
I find myself in that category. I don't really know
(38:28):
what makes up a credit score. And so if you
don't know how it's made, there's a better chance that
your score is not doing so hot. And then when
you do go try to take out a mortgage, or
you do try to go take out a car loan,
or you do try to go rent an apartment, you're
gonna get worse terms, or you might even get denied
for the thing that you want because you haven't paid attention.
(38:48):
So I think it's really important to look into the details.
It's like a pie chart, right. There's a handful of
things that make up your credit score and that impact
your credit report, like paying paying on time. Another huge
one is your credit utilization ratio, which is like how
much overall credit do you have in your name and
how much of it are you using? And so people
(39:10):
make just simple mistakes because they don't know how the
credit score pie is made up, and then they end
up doing something like canceling a credit card, lowering their
overall credit limit, harming their utilization rate. And those are
the kind of things that I don't want to see.
I want people to know how the sausage is made,
so then they can, you know, act accordingly.
Speaker 1 (39:29):
Yeah, I think I got my first credit card when
I was like eighteen, right before I went off to college,
and like that was my parents where they were like,
you need to start building that credit score now, and
you know they taught me about it.
Speaker 5 (39:39):
So hopefully parents will step in and help those kids.
Speaker 12 (39:42):
I do think, yeah, it's a parent, that's great. Yeah,
but parents have to know too, and so you can
look up pretty easily.
Speaker 3 (39:49):
You know.
Speaker 12 (39:49):
We've got content at how too money dot com helping
you understand what a credit score looks like, what it's
made up of, and how you can change it. There's
also a great site called credit Karma dot com. You
can again it was like a scorecard, and they'll basically say, hey,
you're getting an A in this part of your credit score,
but you're kind of getting a C over here. You
can improve it by doing this and this. They will
try to pitch you credit cards and stuff like that,
(40:09):
so you might want to like move on past that
if you're not interested. But I love that, like the
scorecard and then saying, great, now I've got the power.
I can kind of see where I'm making mistakes so
I can change all right.
Speaker 1 (40:20):
The host of how to Money on KFI is Joel Larsgard.
You can hear him every Sunday from noon to two.
You can follow him at how to Money Jewel and
thank you as always for the wonderful financial advice.
Speaker 12 (40:31):
Of course, thanks for having me.
Speaker 5 (40:32):
Am all right, we'll talk to you next week.
Speaker 1 (40:34):
This is KFI and kost HD two Los Angeles, Orange County,
live from the KFI twenty four hour Newsroom.
Speaker 5 (40:40):
I'm Amy King. This has been your wake up call.
Speaker 1 (40:43):
If you missed it a 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 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 app.
Speaker 2 (00:09):
KFI and kost E HD two, Los Angeles, Orange County
KFI Radio.
Speaker 3 (00:27):
This is Mission Control Houston.
Speaker 4 (00:29):
Please call station for a voice check station.
Speaker 1 (00:37):
This is Amy King with kfi's wake up call.
Speaker 5 (00:39):
How do you hear me?
Speaker 2 (00:42):
I can hear you loud and clear. It's time for
your morning wake up call.
Speaker 6 (00:49):
I've landed and his name is Amy k Here's Amy King.
Speaker 3 (00:58):
This is not.
Speaker 7 (01:03):
God.
Speaker 1 (01:03):
It is five oh one. This is your wake up
call for Tuesday, August nineteenth. I'm Amy King. We're live
everywhere on the iHeartRadio app. I know you're probably sitting
there procrastinating getting out of bed.
Speaker 5 (01:19):
Snooze buttons, don't do it, don't do it.
Speaker 1 (01:21):
You know what, when I used to work at morning radio,
I used to fight with the snooze for like an
hour every day. It was miserable. And now I don't
do the snooze at all ever. Never Just up and
boomp go because you're not getting good sleep anyway.
Speaker 5 (01:38):
True, but it does feel good. Just no, no, it's stressful.
It's stressful, so no excuse.
Speaker 1 (01:44):
It is time to get up. It's gonna be a
beautiful day. Here's what's ahead on wake up call. Following
what's being called a successful meeting between President Trump, Ukrainian
President Zelenski, and several world leaders at the White House,
President Trump says he's arranging a meeting between Zelensky and
Russia's President Putin outside the White House. After the meetings,
Zelenski said a date has not yet been set. Kfi's
(02:07):
White House correspondent John Decker was in the room yesterday.
He's going to join us in just a couple of
minutes to give us his take on the rather historic
meeting yesterday. A woman who shot a man at California
Closets in Huntington Beach has been shot and killed by police.
Police say the man was shot around seven fifteen yesterday
morning and taken to the hospital. About two hours later,
(02:27):
police pulled over the suspected shooter in Southgate. The woman
pulled a gun, officers shotter. There's no word on what
the woman's motive for the shooting may have been. A
late summer heat wave is about to settle in on
the Southland. Triple digit temperatures and low humidity will mean
high fire danger for the rest of the week. The
heat up begins tomorrow and peaks on Thursday. Some valley
(02:50):
areas could hit one hundred and ten. It's going to
stay hot right on through the weekend, with a gradual
cool down starting Sunday as kids head back to class.
Speaker 5 (03:00):
Dangers lurking.
Speaker 1 (03:01):
Parenting expert Richard Ramos joins us to talk about how
families can prepare not panic.
Speaker 5 (03:08):
I'm looking forward to this conversation.
Speaker 1 (03:10):
And the so called ketamine Queen has pleaded guilty to
charges in Matthew Perry's death. ABC's Brian Clark has the
latest on that coming up at the bottom of the hour.
The how Housed, The host of How to Money on KFI,
Joel Larsgard's going to join us this morning to talk
about how your next mortgage can cost you an arm
(03:31):
but not a leg, and whether that's a good thing.
Speaker 5 (03:34):
And do you know your credit score?
Speaker 1 (03:35):
Well, there's a whole generation apparently that's not paying attention
to theirs.
Speaker 5 (03:39):
I'll tell you about that. That's coming up before the
top of the hour.
Speaker 1 (03:42):
Let's get started with some of the stories coming out
of the KFI twenty four hour newsroom. The parents of
a missing seven month old boy in San Bernardino County
are now reportedly the focus of the investigation. Kfi's Mark
Mayfield's is the mom. Rebecca Harrow reported her son was
kidnapped Thursday in u Kaipa.
Speaker 6 (03:58):
She said an unknown man assult did her in a
parking lot and took her baby.
Speaker 8 (04:02):
Since then, she has stopped cooperating with detectives, who say
her story doesn't totally add up.
Speaker 1 (04:08):
There are reports that the mom might have had her
black eye over a week before the reported kidnapping, that
no one at the park where the mom claimed to
be saw the boy, and that his father's conviction in
twenty twenty three for child cruelty. The family's home and
Cabizon was searched over the weekend and the two year
old child was an A two year old child was
(04:30):
removed from the home. The so called Ketamine Queen has
agreed to plead guilty to selling Matthew Perry the drug
that killed him. Jasbin Sanga is the last of five
people charged in the actor's overdose death in twenty twenty three.
She's looking it up to forty five years in prison.
Two doctors have also pleaded guilty In the case, a
woman has been beat up and knocked out at a
(04:51):
concert at the Rose Bowl.
Speaker 5 (04:58):
The woman from Arizona.
Speaker 1 (05:00):
It was at the Rufous Dussaul show on Saturday. She
says when she and her friend got to their seats,
they accidentally spilled a drink on a man in front
of them. She says they apologized, but he yelled at
her and said it was intentional, then ran off. She
says he came back about a half hour later, started
screaming and making threats, and then punched her in the face,
(05:20):
knocking her out.
Speaker 5 (05:21):
It was all caught on video. Police are trying to
find the guy that No arrests have been made.
Speaker 1 (05:25):
California has filed it's thirty ninth lawsuit against the Trump administration.
Speaker 8 (05:29):
Attorney General Rob Bonta joined his counterparts from twenty one
other states ensuing the federal government over the Victims of
Crime Act. Bonta says the grants provided by the program
are being threatened, with sanctuary states for illegal immigrants being
blocked from receiving them.
Speaker 7 (05:42):
The Trump administration is trying to leverage vulnerable people to
force states to capitulate with its immigration agenda.
Speaker 8 (05:50):
The Attorney's General say more than one billion dollars in
funding that helps people come forward to assist with criminal
investigations could be cut from them. Michael Monks, KFI News.
Speaker 1 (05:59):
Let's say good morning now to kfi's White House correspondent
John Decker. So, John, you were in the room yesterday
with President Trump and Ukraine's President Zelenski, the leaders of
the UK, France, Germany, Italy, Finland, and NATO's Secretary General.
Speaker 5 (06:13):
Please tell us about what happened.
Speaker 3 (06:17):
Well, that's right. So I was in the Oval Office
when the President met with President Zelenski first in the
early afternoon. That was an interesting meeting in the sense
that this was the first time that President Zelenski had
been back to the White House since February the twenty eighth,
when that big blow up occurred in the Oval Office.
Much different dynamic now. The President clearly is looking past
(06:41):
what happened several months ago and has really focused quite frankly,
on trying to bring about a piece an end to
this war which has been going on for three and
a half years now. And then in the afternoon, the
President met with those European leaders that you just mentioned
in the East Room, trying to get everybody on the
same page. And I think what I heard from them,
they are on the same page. There is unity in
(07:04):
terms of the path forward to try to end the war.
Speaker 1 (07:07):
Okay, they say they made good progress, did they give specifics?
Speaker 3 (07:14):
Well, I think progress has made in certain areas, and
in fact, German Chancellor Mertz said yesterday in the East Room,
Now the hard part really begins. The President said he
is open certainly to this idea of providing security guarantees
for Ukraine once a peace deal is reached. I don't
think that's going to mean American boots on the ground,
(07:34):
but it will mean America backing up the Europeans who
will have boots on the ground to prevent Russia from
attacking Ukraine in the future. The tough part is figuring
out where the territorial concessions will be made by both
Ukraine and also by Russia. There needs to be some
give and take, and the President spoke about a meeting
(07:55):
that could occur following his meetings at the White House yesterday.
The meeting could be a bilateral meeting involving just Zelenski
and Putin, or it could be a trilateral meeting in
which President Trump would also be president serving as the
mediator at such a meeting.
Speaker 5 (08:11):
Yet during the kind of the little.
Speaker 1 (08:15):
It wasn't a round table, while they were talking, the
president said a if you want me in on that meeting,
I'll be there. In Zelenski's reaction to that was pretty positive.
Speaker 3 (08:26):
It was you know, I think that what I heard
from Zelensky yesterday, Amy was essentially this idea of anywhere,
any place, I'll be there. I mean, he wants to
put an end to this war. His country has been
certainly suffering on a daily basis with these drone strikes,
these missile strikes happening in civilian areas in his country,
(08:48):
and you know he's all on boarant In fact, five
months ago, Amy, President Zelenski agreed to a ceasefire that
has not been agreed to by Russia and President Trump
in a response to my quest yesterday, pretty much indicated
that that idea is off the table, not because the
president doesn't want it, it's just simply because it takes
two to tango, and President Putin will not sign on
(09:09):
to that.
Speaker 5 (09:10):
Okay, it was the meeting yesterday. I want to kind
of get.
Speaker 1 (09:13):
The what was the vibe of it, because from watching
it on television, it sounded pretty upbeat like that. Everybody
like you mentioned seemed to sort of be on the
same page. Is that the feeling that you pot or
was that all for cameras.
Speaker 3 (09:28):
No, it wasn't all for cameras. You know, there was
this nervousness that existed back on February the twenty eighth.
You could cut the tension in the room with a knife.
That was not president yesterday. In the Oval Office yesterday,
it was a much warmer feeling. And you know, the
President I think expressed some warmth to Presidents Linsky. He
respects what his country has done in warding off Russia
(09:52):
for three and a half years. It's really impressive, and
the President acknowledges that. And President's Lensky for his part,
very appreciative, thankful for what the United States has done
for his country. So, no, it was a good feeling,
a good mood yesterday in the Oval Office yesterday, and
that's set up that expanded meeting that took place in
(10:13):
the East Room with those European leaders, and that lasted
many hours. In fact, we were just in at the
top of the meeting, but the meeting lasted for many
hours after we left the East room.
Speaker 1 (10:26):
All Right, kfi's White House correspondent John Decker, thanks for
the update.
Speaker 5 (10:30):
We appreciate it.
Speaker 3 (10:32):
Thank you.
Speaker 1 (10:32):
All Right, let's get back to some of the stories
coming out of the KFI twenty four hour newsroom. Federal
judge in Miami has issued a split decision in a
lawsuit over the legal rights of detainees at the so
called Alligator Alcatraz immigration detention Center. The judge dismissed part
of the suit and also moved the case to a
different different jurisdiction. The claims are that the detainees at
(10:57):
the facilities don't have confidential access to their lofelawyers or
hearings in immigration court. Those were rendered moot when the
Trump administration recently designated the Chrome North Processing Center near
Miami as a site for their cases to be heard.
Speaker 5 (11:12):
So this one continues.
Speaker 1 (11:13):
Hamasas it'll agree to the latest ceasefire plan. In the agreement,
hamasa's it will exchange hostages, some living, some dead, for
Palestinian prisoners. It also wants some other concessions. The word
of an agreement comes as Israel prepares to launch a
massive assault to occupy Gaza city. It's not clear if
Israel's going to agree to the ceasefire worked out by
(11:35):
mediators from Qatar and Egypt. A ship loaded with twelve
hundred tons of food supplies for Gaza is expected to
arrive today at the Israeli port of Ashtod. The Panamanian
flagged ship is loaded with fifty two containers carrying things
like flour, rice, pasta, baby food, and canned foods. Israeli
customs officials screened the ship at Cyprus's main port for
(11:57):
security reasons. House Democrats in Texas who left the state
to prevent a vote on redistricting have returned, but they're
still fighting the effort. ABC's Brian Clark says one of
them locked herself in the Texas Capitol overnight.
Speaker 7 (12:11):
The democrat's return allowed House business to proceed, including passage
of the Republican redistricting plant. The Republican majority did not
forgive the quorum breakers, requiring each to consent to a
public safety escort in order to leave the capitol. Representative
Nicole Collier refused.
Speaker 1 (12:29):
She says she's tired of being pushed around and told
what to do when she disagrees with the actions of government.
Electric vehicle drivers will no longer be able to use
the carpool lanes while driving alone starting in October. Brian
Moody with Kelly Bluebook says they'll need to carpool or
pay for fast track to use the express lanes.
Speaker 9 (12:49):
That feels like a little bit of a cynical solution,
because you're essentially saying, if you can pay, you're afforded
the convenience of being in the carpool lane.
Speaker 1 (12:57):
The state's Clean Air Vehicle Decal programming to promote cleaner
air by letting over a million evs access faster lanes
without those extra passengers, but of course that's coming to
an end. Hurricane Aarin has forced some evacuations on North
Carolina's outer banks. ABC News meteorologist Jeff Smith says that
category three storm will turn away from the eastern US
(13:20):
and won't make landfall, but it's going to get closed.
Speaker 9 (13:22):
Along the entire East coast from Florida up to Maine.
We're talking about destructive waves, high risk of rip currents,
and coastal flooding out There could be waves up and
over fifteen feet outer banks by Wednesday, and up to
twelve feet Jersey Shore up to Long Island and Cape
Cod By Thursday.
Speaker 1 (13:38):
Aaron was packing one hundred and fifteen mile per hour
winds early this morning. Well, people are love and liquor
a lot less.
Speaker 10 (13:45):
A new surveys as alcohol consumption is at record lows.
Gallup's annual consumption survey says fifty four percent of American
city and Biben booze, compared to fifty eight percent last
year sixty two percent the year before. That's as we
get further from the drinking binge days of the pandemic.
At fifty four percent is just below the previous law
of fifty five in nineteen fifty eight and since the
survey began in nineteen thirty nine, and for the first time,
(14:07):
most Americans say even moderate drinking is harmful. Gallup says
the drop in drinking does not appear to be because
of other things, including marijuana, where recreational pod is now
legal in nearly half the states. Michael Krozier KFI News.
Speaker 1 (14:20):
A twenty year old man has pleaded it not guilty
to murder charges in the death of a five year
old boy whose body was found near a trashman in
Panorama City. Prosecutors say Bryson Gaddis killed Elijah Hern, whose
body was found near the dumpster in a parking lot
on Van Nuy's Boulevard July twelve. Gaddis remains in jail
on two million dollars bail. LA County Supervisor Janis Hans
(14:43):
announced a twenty thousand dollars reward for information leading to
the arrest and conviction of the person who killed a
seventeen year old high school graduate in Torrance. Kyler Peyton
was shot June eighteenth at an end of school year
pool party. Peyton had just graduated from Culver City High School.
No one matched all six winning powerball numbers from last
night's drawing. That'll push the jackpot up for the next
(15:07):
drawing tomorrow night to six hundred and forty three million dollars.
The odds of matching all five numbers plus the powerball
are one in two hundred ninety two million.
Speaker 5 (15:17):
Ah, so you're saying I have a chance.
Speaker 2 (15:19):
Sure?
Speaker 5 (15:19):
At six oh five five it's handled.
Speaker 1 (15:21):
On the news, the state Department has revoked more than
six thousand student visas.
Speaker 5 (15:26):
Bill's going to tell you about that.
Speaker 1 (15:28):
Let's say good morning now to California based internationally recognized
parenting expert and leader Richard Raymos, Good morning, Richard.
Speaker 11 (15:37):
Good morning, Thank you for having me, Thanks.
Speaker 1 (15:39):
For coming on so early. So kids are headed back
to school and danger is lurking. The FBI's new Crime
in Schools Report for twenty twenty to twenty twenty four
is out.
Speaker 5 (15:50):
What does it show us?
Speaker 11 (15:53):
Well, I think it shows us that we as parents
need to be really pay more attention to the competition
that we're facing on a consistent twenty four seven sixty
five basis, especially in regards to social media. So many
of these social media influencers are really luring kids into
(16:13):
all kinds of different activities, and I think that that
report reflects those activities that are being influenced through social
media constantly, constantly. FaceTime is replacing I should say Facebook
is replacing FaceTime with parents.
Speaker 5 (16:30):
Okay, and Richard, what are some of the numbers that
are coming out?
Speaker 11 (16:35):
Well, I think there has been over a million, million
point two perpetrators, and I think it was over a
million pretty close to that same number of victims. And
that is staggering number when you really think about and
these are young people, so it's a pretty staggering number.
(16:56):
And again I just think it's a wake up call
for parents.
Speaker 5 (17:00):
Okay.
Speaker 1 (17:00):
And you also say that in this report or that
when kids head back to class, September is an especially
tough time because that's when the number of crimes spike.
Speaker 11 (17:17):
Well, that's right, and I think part of that is
again just them readjustment to back to the structure of school.
But during the summer they've been active in all kinds
of activities that are not productive or positive. That just
carries right over into school. But usually after September it
(17:38):
gets close to vacation and Thanksgiving and Christmas, teams start
to settle down. But at the beginning of the year,
it's kind of an almost unexplainable why September is have
such a high incident of those kinds of acts.
Speaker 1 (17:51):
Okay, Richard, you say that school safety starts at home,
So how do you start, Because you don't just send
your kids off and hope for the best. You need
to be proactive at least set your recommendation.
Speaker 5 (18:04):
So explain to us what you mean by that.
Speaker 11 (18:07):
Well, I think that the first thing parents need to
do is we need to constantly be looking within ourselves.
That's the main thing I stress is we have to
continually grow in our personal growth and emotional maturity. This
is not something that you can just flick a switch
with our kids because of school time or whatever time
it is. This is something that has to be an
(18:29):
ongoing growth process within ourselves and then that reflects to
our kids. And the issue is loyalty and parents should
not take the loyalty of their children for granted, and
they need to recognize the reality of the daily battle
they are in for the heart, mind, and loyalty of
their children.
Speaker 1 (18:50):
Okay, and when you say that, you're talking about you
mentioned competitions, So you know, mom and dad are the
ones who guide you and direct you. But more and
more social media is pulling them away and they're being
influenced by influencers, by other outer sources that might not
have the best intentions.
Speaker 5 (19:09):
For your kids.
Speaker 11 (19:11):
Well, that's absolutely right, and again it's it's a real
wake up call. Parents need the competition. I call it
the four ms movies, music, magazines, and media or social media.
And it's all about the messaging. What is the message
of the lyrics that are the music the kids listen to,
What is the message of the movies that they are
(19:32):
watching that they have access to even on their phone
all the time, online magazines with all kinds of you know,
how to make bombs and how to make guns and
how to I mean just it's crazy. But social media
and the social media influencers, to me, that's where mom
and dad really need to understand. That is your battle,
that is your competition. Do not take the loyalty of
(19:55):
your children for granted.
Speaker 1 (19:57):
Okay, So then what are some things specifically that parents
should be doing to keep that loyalty at home as
opposed to letting it shift over to outside courses.
Speaker 11 (20:08):
Well, it's making what's called the secure attachment, and that
starts it actually can start in the womb, but by
a secure attachment, meaning that our kids feel that they
are heard, they feel they are seen, they feel that
they are valued, their self works up the SeeMe. All
of those things play such important role. And of course
(20:30):
it starts very very early, as I mentioned, but for
older kids it's still not too late. I call it
the role of the farmer, where mom and dad just
continue to plant plow water. Those are metaphors for attention
and affection and words of affirmation and things like that.
And when you do that, if you have a sun
(20:52):
or body. That's kind of getting off the track. When
you do that, it's hard work. You're putting the law
the harvest on your side, which means that whatever we show,
we're going to read and when we're doing those kinds
of positive activities, we are bringing back that attachment that
our tids need to have with us as parents.
Speaker 1 (21:09):
Okay, so it sounds like the message is just be
involved in your kid's life. I know it's easy to
kind of let those forums take over. They're like, ah,
somebody else can take care of it, but as parents,
you need to really stay in there and know what
your kids are doing.
Speaker 11 (21:24):
That's right. I believe the role of parents is being
undermined and lots of different ways, whether it's government trying
to take over the role of mom and dad, or
schools or colleges, and that really is the battlefield that
a lot of parents are we're facing today.
Speaker 1 (21:41):
Okay, Internationally recognized parenting expert and leader Richard Ramos, thanks
so much for the information. Is there anywhere to get
more information about this and maybe some ideas that you
have to help.
Speaker 11 (21:51):
Yeah, people can go to my website Richard R. Ramos
dot com. Don't forget the middle of initial Richard R.
Ramas dot com plenty of free resources, information books and
things like that, the online courses and things like that
that they can find there.
Speaker 1 (22:06):
Everyone can use a healthy ham. Richard Ramos, thanks so
much for your time. Appreciate it.
Speaker 11 (22:11):
Thank you for having me all right.
Speaker 1 (22:13):
The LA Fire Department is pre positioning crews around the
city as a heat wave gets ready to descend on
the Southland. The department has added Crew four. It's a
team of twenty six full time wild land hand crew technicians.
They're trained to respond to wildfires. Temperatures over the next
few days could hit one hundred and ten in the
valleys and mountains. A flight attendant strike that has grounded
(22:36):
Air Canada flights is over. The union representing more than
ten thousand flight attendants says an agreement has been reached.
Air Canada will now gradually resume operations. If you're flying
Air Canada, you can't expect delays as the airline tries
to play catchup. The company that makes those zempics is
it's cutting the cost of the weight loss drug by
(22:56):
about half if you pay with cash. That means people
will be able to buy it for four ninety nine
a month through Novo Nordisk's cash pay pharmacy Novo Care.
At six o five a tendle on the news, President Trump,
We're going to set up a face to face between
Russia's President Putin and Ukraine's President Zelenski.
Speaker 5 (23:16):
Let's say good.
Speaker 1 (23:16):
Morning now to ABC's Brian Clark. Good morning, Brian. The
ketamine queen has agreed to plead guilty to charges for
her role in Friends star Matthew Perry's death.
Speaker 4 (23:29):
Yeah, that's right, Amy. She's going to be the fifth
and we think final person to plead guilty or agree
to plead guilty in connection with Matthew Perry's twenty twenty
three death. And she's facing a long time in prison.
She was one of the two, let's say, big fish
that prosecutors were going after in terms of this drug ring.
And they say that in the plea agreement, she admitted
(23:49):
to supplying ketamine to another man who died of an
overdose back in twenty nineteen.
Speaker 1 (23:55):
Okay, and how much ketamine did she give and to
Perry And when did that all happen?
Speaker 4 (24:03):
Well, they said it happened over a long period of time,
a period of many months, and they said that in
October alone of twenty twenty three, the month Perry died,
she sold him more than fifty vials of ketemine. And
all of this went through Perry's living personal assistant, Kenneth
Iowa Massa, who actually injected him with the ketamine the
(24:24):
day he died. I Will Massa already agreed to plead
guilty and cooperate against saying Ho the ketamine queen. So
this is part of that larger group that prosecutors were
going after, Okay and Brian.
Speaker 1 (24:38):
So she is the one who then didn't inject him necessarily,
but delivered the deadly dose to him.
Speaker 5 (24:45):
At least that's what he was.
Speaker 4 (24:46):
The supplier exactly exactly.
Speaker 1 (24:49):
And she's the last of them. There were five. And
who's the other big fish.
Speaker 4 (24:54):
The other big fish was a doctor who already agreed
to plead guilty, Doctor Salvador Placentia. He plug guilty to
four counts of distribution of ketamine. He did not supply
the dose that actually killed Matthew Perry, but he had
supplied a lot of ketamine during that time as well.
He's going to be sentenced in December. Another doctor and
(25:15):
Iowa Masa they pled guilty, they're facing less time in prison,
but the most charges were saying five charges, including one
distribution of ketamine resulting in death. That's the death of
Matthew Perry. She faces more than forty years in prison.
Speaker 1 (25:30):
Okay, and then everyone else changed charged pleaded out.
Speaker 5 (25:35):
So there's not going to be any trials on this.
Is that correct?
Speaker 4 (25:38):
No, she was the one that we thought would still
go on trial. A trial is actually supposed to start
later this month, and then a few weeks ago was delayed,
which was a sign that maybe there was a plea
negotiation taking place. And now that's what's happened. She's agreed
to plead guilty. We still don't know exactly when she's
going to formally enter that plea, and then when she
does that, we'll learn when she'll be sentenced.
Speaker 1 (25:58):
Okay, And Brian, if she hadn't made the plea, what
kind of sentence could she have been facing.
Speaker 5 (26:04):
If she had been found guilty.
Speaker 4 (26:06):
She could have been facing even more because she was
facing additional charges. I think there were three other counts
that were dropped in exchange for this plea agreement. So
she's still looking for still looking at a long time
in prison, but it could have been even more.
Speaker 1 (26:21):
Okay, and she's called the ketamine queen. Is has she
been charged in any other or convicted in any other.
Speaker 5 (26:31):
Drug crimes or no?
Speaker 4 (26:34):
No, it came to be from this Perry investigation. But
now more stuff has come out. Like we mentioned, she
admitted to that her involvement in that twenty nineteen overdose,
that distribution, but this is the only criminal charges against her.
Speaker 1 (26:49):
Okay, Well, hopefully we can put this one to rest.
Brian Clark, ABC News, thank you so much for the information.
Speaker 5 (26:55):
Thank you all Right, time to get in your.
Speaker 1 (26:57):
Business now with Bloomberg's Dan Schwartzman in this week for
Courtney Donahoe.
Speaker 6 (27:01):
Good morning Dan, Good morning Amy.
Speaker 8 (27:03):
How are you good?
Speaker 1 (27:04):
So I just mentioned this a couple of minutes ago,
but it looks like Air Canada is going to be
taking to the skies again.
Speaker 6 (27:11):
Yeah, good news because we went into today or this
morning not knowing what would happen. I think the company
also was getting a little nervous the number of flights
that have been canceled, the number of passengers who are
not flying, meeting the amount of revenue they've lost. But
now the union representatives have come out, So the strike
had ended after a quote tentative of agreement was reached
overnight crew members. As we know, they were seeking higher
(27:32):
pay and also compensation for times when the plane's not
in motion, such as when passengers are boarding. Air Canada
says it plans to reduce or gradually resumed service. The
first flight should start this evening. The service fully restored
in seven to ten days. So thankfully that strike has
now ended. And if you are Air Canada passenger, well
get ready to fly.
Speaker 1 (27:53):
Yeah how long did this strike last? Because I just
started hearing about it a couple of days ago.
Speaker 6 (27:57):
It began Saturday, so couple of days. Yeah, but you
think about it, Amy, I mean, you know, a couple
of days a major airline like Air Canada. You're talking,
you know, hundreds and hundreds of thousands of flights really
if you think about it, and you know, lots of
passengers not being able to redeem their tickets, so it
was very hectic for them.
Speaker 5 (28:14):
Yeah, well, good that they're going to get that result.
Speaker 1 (28:16):
Home Depot's second quarter results are in and they are.
Speaker 6 (28:22):
So, so let's put it this way and assign the consumers, Amy,
are staying away from big purchases. The key Home Depot
sales metric camean shy of expectations. Comparable sales grew just
one percent in the fiscal second quarter, less than analysts
had expected, but it was an improvement from the prior quarter.
The Home Improvement Giants CFO Richard McPhail said the company's
results were in line with its expectations, though mcphil said
(28:45):
consumers were taking on smaller home projects rather than bigger
ones that would require financing. The company's performance, though, was
the strongest in over two years, So a step up
for Home Depot, but still not meeting the expectations.
Speaker 1 (28:57):
Okay, and Dan, when you're watching these things and you
hear that Home Depot's second quarter results are a little
they're just okay, I mean, like do you look at
the overall this is what's going on with the economy
and that's why this could you know, like you said,
they're not financing things, but maybe they're doing more do
DIY stuff.
Speaker 6 (29:16):
Or yeah, let me you know, little things around the
house you want to paint, you want to replace lights,
you want to do this and that. But major projects
like you know, home extensions things like that where you're
going to have to finance the home improofment alone. Rates
are high right now. Money is not as cheap as
it once was, so people aren't wanting to borrow at
the rates that are currently out there. So it's definitely
affecting you know, home depot lows and other and then
(29:38):
the mom and pop stores as well that sell you
the dry wall and the studs and things like that.
Speaker 1 (29:43):
This is sort of weird. The US could become the
largest shareholder in Intel.
Speaker 6 (29:47):
Crazy story. Sources are telling Bloomberg Amy that the Trump
administration is in discussions to take about a ten percent
steak in the chip maker. The movement involved converting some
or all of Intel's grants from the Chips Act into equity,
and that's about ten and a half billion dollars worth.
It is also announced, I say, the Japanese conglomerate soft
Bank has great to buy two billion dollars worth of
Intel stock. We know chips are hot right now with
(30:10):
Nvidia and AMD, but Intel is the company that has struggled,
and well, maybe this is the boost they need to
kind of get back on track.
Speaker 1 (30:17):
And for the US to be a shell sure, I
mean that becomes a revenue source potentially for the US.
Speaker 6 (30:23):
I guess yeah. I mean, it's just I don't know
how it works, right, we'd a right, like, what does
government put somebody on the board of directors? Do they
have any say in terms of, you know, policy. I
mean I would expect the answers yes, considering they'd be
the largest shareholder. So it's unprecedented, but it could be lucrative.
If you think about chips.
Speaker 1 (30:41):
Today, okay, And if you're thinking about the stock market today,
what are we looking.
Speaker 6 (30:45):
At a mixed start? The Dow is up seventy five points,
or two tens to one percent. That's the good news.
Amy the bad news, well, the Nasdaq is down twenty
seven and a quarter points, a drop of a tenth
of a percent. SMPS down three points, a little under
a tenth of a So expect the mix start here
in about forty five or so minutes when the opening
bell sounds.
Speaker 1 (31:05):
Okay, And it doesn't look like the markets had any
huge reaction to the meetings yesterday at the White House.
Speaker 6 (31:12):
No, not really, And I think people are more kind
of waiting to hear what happens Friday when Jerome Palace
speaks from Jackson Hole and Wyoming will know more about
interest rates, will they go down in September? And also
people want to see more of the retailers, the giant
retailers that are reporting quarterly results during this week, Walmart
and stores like that. So I think they kind of
want to hear more from them before determining up or down.
(31:35):
So it's kind of been on a standstill the first
couple of days.
Speaker 5 (31:38):
Okay, we're going to go in the way back machine.
Speaker 1 (31:39):
But when you said that, everybody's waiting to hear what
Jerome Palace says on Friday. Remember the old Ef Hutton commercials,
wall Ef Hutton talks, everybody listens.
Speaker 6 (31:49):
I don't know everybody listens. I'm not that young, but
you know I think I look young.
Speaker 2 (31:55):
Right.
Speaker 1 (31:56):
Dan Schwartzman in for Courtney all week with Bloomberg, and
we're getting in your business and we're going to do
it again tomorrow.
Speaker 5 (32:02):
Thanks Dan, Thanks Amy, all right.
Speaker 1 (32:04):
California Attorney General Rob Bonta has joined twenty one other
states in filing yet another lawsuit against the Trump administration.
This one asks the court to stop the administration from
taking away grants from illegal immigrants who are victims of crime.
This is the thirty ninth lawsuit California has filed against
Trump in thirty weeks. Texas House Republicans say they'll move
(32:24):
quickly now to pass a congressional redistricting plan now that
the Democrats who fled the state to avoid a vote
have returned. A second special session was convened yesterday. A
vote on the new district that could give Republicans up
to five more seats in the House could come as
early as tomorrow. The FTC has sued a ticket seller
it says used fake accounts to buy Taylor Swift concert
(32:47):
tickets and sell them at higher prices. The FED say
Key Investment Group used thousands of fake ticket Master accounts
to buy the tickets for Swift's super successful Eras tour.
We're just minutes away from Handle. On the news this morning,
why one Texas lawmaker spent the night at the state capitol.
Let's say good morning now to the host of How
to Money on KFI. It's Joel Larscard.
Speaker 12 (33:09):
Morning, Joel, morning, Amy.
Speaker 1 (33:11):
Okay, so your new mortgage might cost you an arm.
Speaker 12 (33:15):
Your jokes so good.
Speaker 5 (33:16):
I love it.
Speaker 12 (33:17):
I love the lead in here, and I'm a dad,
so I can sympathize with the dad jokes. I have
so many in my reports wire. But yeah, so this
interesting to see that adjustable rate mortgages arms are making
a comeback. And so we've actually seen a pretty substantial
increase in the amount of people being interested in and
applying for an ARM instead of a fixed rate mortgage.
(33:40):
And I know there's a lot of people in the
personal finance space who would say, are you kidding me, Like,
think about adjustable rate mortgages back in the early two
thousands and how destructive they were to individuals and then
to the economy as a whole. But I will say this,
arms are not created like they were back then, And
(34:01):
whether or not an ARM makes sense comes down to
a bunch of different details in your life and the
home you're buying, and what you would do with the
money you'd be saving, and how big the differences and
interest rates between the adjustable rate mortgage and a fixed
rate mortgage. But I'm not one of those people who
says that all adjustable rate mortgages are bad. But I
(34:22):
will say right now, when you look at the data,
it does seem like interestrates between adjustable rate mortgages and
fixed rate mortgages are pretty close. To each other, and
usually it doesn't make sense unless there's a wider gap
to go for an adjustable rate mortgage.
Speaker 1 (34:36):
Okay, so why might somebody go for an adjustable rate
mortgage because, like you said, they're sort of making a resurgence.
I haven't heard much about them in recent years, so
we might not know what exactly they do.
Speaker 12 (34:47):
Sure, so the big thing, the reason people go with
an adjustable rate mortgage is because they can get a
lower rate, and so instead of like, for instance, huh
yeah exactly to start, So, the last home I purchased,
I got a ten one ARM and it was the
first time I'd ever gotten an adjustable rate mortgage, and
the big reason was because I was going to save
more than one percent in interest to go with the
(35:10):
ARM instead of the fixed rate mortgage. And I knew
that over the next ten years I would be paying
more towards principle because of the lower interest rate, I
would have more savings that I could toss into throw
at the principle of the home if I wanted, I
could pay down that mortgage more quickly, knowing that there's
a chance that there's a risk right that my interest
rate will go up after ten years, and so you
(35:32):
have to know that and look at the terms. There
are five one arms, seven one arms, like seven six arms,
so all the details really matter about when your rate
can adjust, how much it can go up. Typically it's
like once you that fixed rate period is done, they
can bump up by two percent a year up to
a max of five percent, So the savings have to
be significant. I think over a fixed rate mortgage to
(35:55):
make sense. The other reason people opt for an adjustible
rate mortgage AMY is because they're not going to be
in that home for very long. So the average person
is now in a home for about twelve years. But
let's say you are going to be in a home
you're like, it's probably a five year home, maybe an
eight year home, ten year home at max. Well, then
really a ten to one arm shouldn't worry you nearly
as much and you should just take the savings. So
(36:17):
you really have to think about that kind of stuff too.
If you're like, this is my forever home and I'm
too nervous, I'm too much of a nervous nelly to
worry about those upward rate adjustments, then you know, go
for the fixed rate mortgage. But I think the biggest
thing here when we're talking about mortgages is comparing with
different lenders, and that's the thing that people don't do,
like we're more than willing to do. You know, some
(36:39):
shopping we're online and say, well does another store have
this cheaper? But if we shop for mortgages with a
credit union, with a local bank, with a mortgage broker,
if we shop in multiple with multiple areas, that's how
we're going to save the most. So yeah, I think
the arm and fixed rate debate is really important, and
it's important to consider both and look at the differences.
But what's even more import and is to get multiple
(37:00):
quotes on different kinds of mortgages from different lenders.
Speaker 1 (37:03):
Okay, that sounds like wonderful advice. I know the first
house I had, I had the adjustable rate and it
worked out great for me. But like you said, you
got to kind of be cognizant of where you are,
how long you're gonna have it, what your terms are,
and all that stuff. So just yeah, know what you're
doing before you do it. So there is a whole
generation that's not paying attention to their credit.
Speaker 12 (37:23):
Okay, So when I first saw this, this new USAA
report about gen z not knowing anything about how their
credit score is made up. I was like, oh gosh,
this is not good. Another generation who's just not prepared
to live within the credit scoring system that has kind
of been set up that we're all essentially forced into.
(37:44):
There's just no way out of Equifax experience and TransUnion
having a certain amount of data on us about our
debts and how we borrow so that they can come
with the score so they can sell it to different lenders.
This is just the water we swim and it's the
world we live in. I thought about it for a
second and I was like, wait a second. Gen Zers
are as young as age thirteen, and so when I
(38:06):
thought about these stats, something like one in five have
never checked their credit score, I'm like, it makes sense.
When I was thirteen, I wasn't checking my credit score either.
So from that standpoint, I'm like, hey, gen Z, you're
probably doing fine. You'll learn about credit scores eventually. But
if you're in the upper age range of gen z Ers,
or really even if you're older than that, and you're like, no,
I find myself in that category. I don't really know
(38:28):
what makes up a credit score. And so if you
don't know how it's made, there's a better chance that
your score is not doing so hot. And then when
you do go try to take out a mortgage, or
you do try to go take out a car loan,
or you do try to go rent an apartment, you're
gonna get worse terms, or you might even get denied
for the thing that you want because you haven't paid attention.
(38:48):
So I think it's really important to look into the details.
It's like a pie chart, right. There's a handful of
things that make up your credit score and that impact
your credit report, like paying paying on time. Another huge
one is your credit utilization ratio, which is like how
much overall credit do you have in your name and
how much of it are you using? And so people
(39:10):
make just simple mistakes because they don't know how the
credit score pie is made up, and then they end
up doing something like canceling a credit card, lowering their
overall credit limit, harming their utilization rate. And those are
the kind of things that I don't want to see.
I want people to know how the sausage is made,
so then they can, you know, act accordingly.
Speaker 1 (39:29):
Yeah, I think I got my first credit card when
I was like eighteen, right before I went off to college,
and like that was my parents where they were like,
you need to start building that credit score now, and
you know they taught me about it.
Speaker 5 (39:39):
So hopefully parents will step in and help those kids.
Speaker 12 (39:42):
I do think, yeah, it's a parent, that's great. Yeah,
but parents have to know too, and so you can
look up pretty easily.
Speaker 3 (39:49):
You know.
Speaker 12 (39:49):
We've got content at how too money dot com helping
you understand what a credit score looks like, what it's
made up of, and how you can change it. There's
also a great site called credit Karma dot com. You
can again it was like a scorecard, and they'll basically say, hey,
you're getting an A in this part of your credit score,
but you're kind of getting a C over here. You
can improve it by doing this and this. They will
try to pitch you credit cards and stuff like that,
(40:09):
so you might want to like move on past that
if you're not interested. But I love that, like the
scorecard and then saying, great, now I've got the power.
I can kind of see where I'm making mistakes so
I can change all right.
Speaker 1 (40:20):
The host of how to Money on KFI is Joel Larsgard.
You can hear him every Sunday from noon to two.
You can follow him at how to Money Jewel and
thank you as always for the wonderful financial advice.
Speaker 12 (40:31):
Of course, thanks for having me.
Speaker 5 (40:32):
Am all right, we'll talk to you next week.
Speaker 1 (40:34):
This is KFI and kost HD two Los Angeles, Orange County,
live from the KFI twenty four hour Newsroom.
Speaker 5 (40:40):
I'm Amy King. This has been your wake up call.
Speaker 1 (40:43):
If you missed it a 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 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
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.