November 11, 2025 • 39 mins
Amy King hosts your Tuesday Wake Up Call. ABC News national correspondent Steven Portnoy speaks on the Senate voting on the government funding bill that is expected to pass and end the shutdown. ABC News reporter Jim Ryan talks about Christmas in 2025 and it being a season on uncertainty. Bloomberg’s Denise Pellegrini updates us on the latest in business and Wall Street. The show closes with the host of ‘How to Money’ Joel Larsgaard talking about budgeting and spending for Christmas, tariff checks, and allocating beneficiaries.
See omnystudio.com/listener for privacy information.
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 apps.
Speaker 2 (00:12):
KFI hand KOST HD two Los Angeles, Orange County KFI Radio.
Speaker 1 (00:30):
This is Mission Control Houston.
Speaker 3 (00:32):
Please call station for a voice check.
Speaker 1 (00:39):
Station. This is Amy King with kfi's wake up Call.
Speaker 4 (00:41):
How do you hear me? I can hear you loud
and clear. It's time for your morning wake up call,
Amy k. Here's Amy King. This is not.
Speaker 5 (01:05):
Good.
Speaker 1 (01:06):
It is five o'clock, straight up. This is your wake
up call for Tuesday, November eleventh, Veterans Day. Good morning,
I'm Amy King. Bad to have you along for the
ride today. Gonna be a busy one, so much going
on as always, Forty four days till Christmas. And guess what.
One in four Americans think they're on the naughty list
(01:28):
this year. Will not meme on. I'm on the nice list.
Here's what's ahead on wake Up Call. The government shutdown
is another step closer to ending. The Senate passed a
funding bill last night with the help of eight Democratic senators.
The vote sixty to forty. That's enough to break that.
(01:50):
Fellow buster ABC's Stephen Portnoy's going to join us in
just a couple of minutes. He'll let us know when
the bill or what the bill does and doesn't do,
and whether the House is going to pass it and when.
Air travelers can expect more cancelations and delays this week.
Even if the government shut down ends, The FAA cut
an additional twenty two hundred flights Monday. There's another thousand
(02:11):
expected to be cut today. Shortages led to average five
hour delays at Chicago's o Haare Airport yesterday. This summer
like weather not going to be around much longer. Rain
and cooler temperatures are rolling into southern California, with rain
expected by tomorrow night. The heaviest rains expected Thursday could
see four inches in some areas, highs just in the
(02:32):
fifties and sixties. Snows also expected to fall Lake Tahoe
and in the Sierra Lots of people are feeling the
pinch of higher prices, but still record spending is expected
this holiday season. ABC's Jim Ryan's going to join us
at five pot twenty to tell us how much we're
going to be spending and how much should you spend
and should you have a plan for your Christmas spending.
(02:54):
The host of How the Money on KFI, Joel Larsgard says,
of course, yes, he's going to help create a plan
to make sure we don't overspend this holiday season. Let's
get started with some of the stories coming out of
the KFI twenty four hour newsroom. Veterans are being honored
all over Southern California this Veterans Day. A lot of
cities are hosting commemorative events, including Pasadena. It will honor
(03:16):
the Late Medal of Honor recipient US Army Lieutenant Raymond G. Harvey.
He served in World War II. During the Korean War,
he commanded the Infantry Division's Company C, seventeenth Infantry Regiment
when the division landed at Incheon, South Korea in nineteen fifty.
The San Fernando Valley Veterans Day Parade will start at
(03:36):
eleven eleven on Laurel Canyon Boulevard, and veterans and active
military members will get free meals and ride tickets to
Pacific Park at the Veterans Day Ceremony on the Santa
Monica Peer Veterans, active duty military and their families also
get free admission to the Queen Mary Today. So Much
to Do News brought to you by Ruderhroo dot Com.
(03:57):
A man killed when his tesla crashed into a utility
pull in Santa Clarita has been identified as an off
duty LAPD officer. Firefighters pronounced Officer Bailey mcgana dead at
the scene early Saturday morning. He was twenty five years
old and was assigned to the LAPD's mission Area. Elie
Kenny Sheriff's Department is investigating the crash. A judge has
(04:18):
rejected an effort to dismiss murder charges against a man
accused of killing four Sorority sisters during a crash along
pch in Malibu. Lawyers for Fraser Boehm says or say
they planned to appeal. Attorney Alan Jackson says Boom is
not a murderer.
Speaker 6 (04:34):
He did not intentionally or with any kind of an
implied malice, take any lives.
Speaker 4 (04:39):
This was a tragedy. It's a tragic accident.
Speaker 1 (04:42):
Prosecutors A Bohm was speeding in twenty twenty three when
he crashed into three parked cars, killing the four Pepperdine
University students who were walking on the road. LA maybe
may place a new cap on rent increases at rent
stabilized department.
Speaker 6 (04:56):
The City Council Committee has already approved a three percent
cap on rent increases, down from the current eight percent allowance.
Councilwoman Nythia Rammins says tenants of rent stabilized units are struggling.
Speaker 7 (05:07):
Our rent cap of eight percent is higher than almost
any other jurisdiction in California. The RSO also includes additional
charges that landlords can charge for utilities, even when those
utilities cost.
Speaker 1 (05:15):
Much less to provide.
Speaker 6 (05:16):
Many property owners disagree, saying the cap would kneecap their
ability to take care of their buildings. The full city
Council takes up the issue tomorrow. Michael Monks KFI.
Speaker 1 (05:24):
News eight percent, that's a lot. That's a lot. City
of Pasadena and the operators of the Rose Bowl have
filed court papers to keep UCLA from leaving the Rose
Bowl to play at football games at SOFI Stadium. They're
looking to go before I Judge tomorrow to seek a
restraining order that would prevent UCLA from leaving. UCLA says
it hasn't made any final decisions regarding the football team.
(05:46):
Let's say good morning now too. ABC's Steven Portnoy. Stephen
looks like We're making some good progress. I'm getting the
government reopened.
Speaker 8 (05:55):
Yeah, and perhaps forty eight hours from now will be
reporting the federal workers are expected back at their desks.
The Senate last night voted forty sorry sixty to forty
to open the government and fund it through the end
of January. Now, this goes to the House for final passage.
Today's Veterans Day, so there's no action on Capitol Hill today.
Speaker 4 (06:17):
Tomorrow, about midday.
Speaker 8 (06:20):
I'd say your time, we expect the House to begin voting,
and this shutdown could be over with the stroke of
the President's signature sometime Monday night here in Washington. And
ultimately the question becomes, all right, how soon can the
operations of the federal government get back up to speed,
How soon can the paychecks go out to those workers
who've been at their desks and at their duty stations
(06:43):
for the last six weeks? And how soon might all
the ripple effects affecting snap recipients and everybody else, How
soon will that be resolved? We don't know, but the
fact that the Senate has now approved a government funding
bill really means that this is about.
Speaker 1 (06:59):
To end, okay, And are there any possible roadblocks? To
the House passing it, or does it look like it's
kind of smooth sailing from here.
Speaker 4 (07:08):
Well, anything can happen.
Speaker 8 (07:09):
I mean, look, what you have to acknowledge is the
fact that there are a lot of Democrats, most Democrats,
who are really upset about the fact that this is
ending the way it appears to be ending. They wanted
the Democrats to hold fast and demand some sort of
heart firm concession from Republicans when it comes to the
(07:30):
expiration of these tax subsidies that have made the Affordable
Care Act exchange plans more affordable for the last several years.
That was a COVID era thing initiated under the Biden presidency.
That's expiring, and President Trump as late as last night
said an interview on Fox that he believes that Americans
ought to be holding onto more of their own money
(07:52):
and using those savings to pay for health insurance. Well,
that doesn't solve the problem, because the problem is that
medicine is costing more money, and all insurance is as
a way of masking and covering and shifting and spreading
those costs across, and no one's talking about anyway to
lower those costs. Just a matter of well, who does
(08:12):
it affect most and how much can the government pick
up the tab And that's where ultimately this conversation always
seems to land, and where it's probably going to land here.
The Senate leaders have agreed to put some kind of
measure on the floor next month. We don't know what
that measure would be. We also don't know whether it's
going to see the light of day in the House
or whether Americans who are on the exchange plans will
(08:34):
just have to suck it up and figure out a
way however they can do it to afford health insurance
into twenty twenty six given the increasing cost of these plants.
Speaker 1 (08:45):
Okay, and then real quick Stephen, because I know you
have to go. There were a couple of other things
in the bill that passed in the Senate that got
those Democrats to sign on board with it, right like that,
all right, restoring the furloughs.
Speaker 8 (08:56):
And yeah, so there are eight Democrats who voted with
Republicans yesterday to get this across the fish line into
the House. The key provision you're talking about is one
that requires the administration to reverse any furlough excuse me,
any layoffs that have been undertaken over the course of
the shutdown. The President was asked by my colleague Karen
Travers yesterday if he's going to abide by that. He
(09:18):
signaled he would.
Speaker 1 (09:19):
Okay, and also that they will pay all the back
pay for anybody who was furlowed, which.
Speaker 8 (09:24):
Has been federal low since twenty eighteen, since the last shutdown.
And for whatever reason, there were there were a lot
of rumblings here that perhaps the administration wouldn't honor that law.
Speaker 4 (09:35):
And I don't know how, but that was the conversation.
Speaker 8 (09:38):
And so this bill makes it clear that the funds
appropriated are meant to go and shall be paid to
those workers who were furloughed.
Speaker 1 (09:45):
All right, Stephen Portinoy, ABC, thanks so much for the info.
We appreciate it as always.
Speaker 4 (09:49):
You bet.
Speaker 1 (09:50):
Let's get back to some of the stories coming out
of the KFI twenty four hour news room. Of state
judge in West Virginia has allowed the continued deployment of
more than three hundred West Virginia National Guard members to Washington,
d The judge heard arguments yesterday from a civic group
that had argued the governor exceeded his authority with the deployment.
The Governor's office argued it is authorized to do so
under federal law. President Trump issued the executive order in
(10:13):
August declaring a crime emergency in DC. Some people in
Chicago have criticized federal immigration agents for allegedly pepper spraying
people in a car, including a little girl. DHS says
no pepper spray was used Saturday, but Chicago Mayor Brandon
Johnson says otherwise.
Speaker 9 (10:28):
I was certainly disturbed as many Chicagoans were, to see
the video of a one year old child who was
hit with a pepper spray ball.
Speaker 1 (10:40):
Johnson says it happened in a Sam's Club parking lot.
The family says they were not protesting, honking their horns
to warn others, or trying to interfere with immigration officials.
Pakistan's Interior minister says a suicide bomber set off his
explosives outside the gate of a district court in Islamabad,
killing twelve people. Dozens more were hurt. The official says
(11:01):
the bomber tried to get into the court property but couldn't,
so he targeted a police vehicle instead. No group immediately
has claimed responsibility for the Midday attack. The FDA is
removing a warning from hormone based menopause drug.
Speaker 7 (11:14):
The change is a break for more than twenty years
of FDA policy in which the drugs carried the agency's
most severe warning label. The FDA Commissioner and some other
doctors have long criticized the current warning label as outdated
and unnecessary. They say it discourages some women from seeking
treatment that can help with hot flashes and other uncomfortable symptoms.
(11:35):
Other experts have said the warning carries important information about
risks of stroke, heart attack, and breast cancer. Deborah mark
KFI News.
Speaker 1 (11:44):
And uptick in measles cases in Canada over the past
year has resulted in the country officially using its Measles
elimination status. ABC's Michelle frans And says there has been
sustained transmission of the virus.
Speaker 10 (11:55):
Since October twenty twenty four. Canada has recorded more than
fifty one hundred cases of measles. The US is also
on track to possibly lose its elimination status early next year.
Speaker 1 (12:06):
If one country in a region loses elimination status, the
entire region loses it. Jeffrey Epstein's former confidante Glaine Maxwell,
could be getting some soft treatment in prison. Abc'sper Thomas's
her critics claim she is benefiting from alleged perps.
Speaker 11 (12:21):
Maxwell was sent to a minimum security camp in Texas
days after that controversial meeting with Deputy Attorney General Todd Blinch.
In that meeting, Maxwell claimed that President Trump was not
involved in any illegal activity with Epstein.
Speaker 1 (12:35):
He says, her critics claim Maxwell is being rewarded for
that interview. The latest work trend needs to be said
very carefully.
Speaker 12 (12:43):
Micro shifting is about people getting their work done in
short blocks and on their own timeline. Recent data says
nearly two thirds of workers believe there should be more
flexibility for people who have other responsibilities, including child or
elder care, or who just work better.
Speaker 4 (12:57):
In the morning or at night.
Speaker 12 (12:59):
The growing presence of gen Z in the workforce is
a big reason for the push, as the youngest generation
emphasizes mental health and flexible work schedules. Multiple jobs or
side hustles are also a big reason for micro shifting,
as people look to make more money or pursue their
true passion outside of their regular job.
Speaker 4 (13:15):
Michael Krozier kf.
Speaker 1 (13:16):
I News micro shifting, Okay, we will be very Careful.
Flight delays and cancelations expected to ramp up today as
the FAA mandated flight reductions increase from four to six percent.
They'll go up to ten percent Friday. If the government
shutdown hasn't been resolved. Southwest had almost forty percent of
its flights delayed yesterday. A woman accused of stealing a
(13:38):
minivan on Thousand Oaks has escaped into Mexico. Police say
the woman led police on a three hour chase from
Ventura into La County south on the four h five
and five freeways into San Diego County, and that's where
she reached and crossed the border into Mexico. She has
not been taken into custody. Wendy's is planning to close
(13:59):
three hundred restaurants in the US in the next few months.
It says the cuts are twofold to increase profits and
to make its remaining restaurants more profitable. The closures are
expected to begin anytime. Wendy's has more than six thousand
restaurants in the US. And I love a good Wendy's burger,
and I love a good frosty Frosty. Let's say good
morning now to ABC's Jim Ryan, So, Jim, Christmas is
(14:20):
coming either there. The chili is great too, Yeah, absolutely,
so Christmas is coming. The goose is getting fat. What's
the outlook for this Christmas season.
Speaker 4 (14:30):
Depends upon who you're asking.
Speaker 5 (14:31):
National Retail Federation says it expects holiday sales to rise
up to four point two percent this year over last year.
Speaker 1 (14:39):
That's a pretty big increase, it is.
Speaker 5 (14:41):
That'll be the first trillion dollars spending season in American history.
So yeah, National Retail Federation is really optimistic about where
things are headed into the holidays. But Price Waterhouse Cooper's
PwC has been surveying consumers about what their expectations are,
and that's survey comes out with a five percent drop
(15:02):
in average holiday spending. So somewhere in the middle you're
likely to get the accurate number, and we probably won't
know until after it's all over. But I mean, the
economy the way it is right now, with the tariffs,
with the stock market going up and going down, with
travel sort of up in the air, it's it's really
hard to get a firm gauge on what's going to
happen in the next month, month and a half.
Speaker 1 (15:23):
Although when you say the stock market's going down, it's
up trading over forty seven thousand. I mean it's been
going up and up and up.
Speaker 4 (15:31):
Well, it happened.
Speaker 5 (15:32):
I mean last week we saw it drop what fifteen
hundred points, the doubt did and.
Speaker 1 (15:36):
It's now still trading up over forty seven thousand.
Speaker 4 (15:39):
I mean it is.
Speaker 1 (15:40):
Yeah.
Speaker 5 (15:41):
Right, So on the whole you're right, and things are
generally looking up, and it all depends upon what happens
with AI stocks that seems to be driving the whole
market right now. You know, if if AI stocks suddenly
seem overvalued. Boy, we're getting way off topic here, Amy,
I thought this was interesting, this part of the PwC survey.
(16:03):
Here it compared age groups or generations gen Z, they
anticipate spending twenty three percent less this year on the
holidays than they did last year. And for the plan
to spend on they plan to buy dupes. That is,
instead of the real coach bag or the Loui of Baton,
(16:26):
they'll buy something that looks like a coach bag or
a Loui of Aton and give that as a gift. Millennials,
gen X and baby mooarries expend to maintain or even
increase their holiday spending.
Speaker 1 (16:36):
That's kind of an interesting breakout when you think about gender.
Is Gen Z less materialistic than the older generation or
are they just used to not having as much extra
spending cash.
Speaker 5 (16:47):
Well, they're dealing with big life transitions right now. They're
early in their careers. The job market is very tough.
It's hard to get a real handle on what's happening
and employment out there, and they don't have a lot
in safe and so they're going to anticipate spending less
in their holiday budgets this year than any other generation.
Speaker 1 (17:07):
See, if they have less, they should spend less. That's
actually pent kind of smart. Maybe they're a smarter generation.
Speaker 4 (17:12):
Could be also.
Speaker 1 (17:13):
Wondering about the National Retail Federation is saying that they
expect like a four plus percent increase. Wondering is that
just because the costs are higher or they're buying four
points four percent more stuff?
Speaker 5 (17:27):
I think you're onto something there, because the National Retail
Federation survey is a survey of retailers. So the stores
that are running out there, the retailers online and the
brick and mortars, they're the ones who are asked about
that and coming up with this number that. Yeah, we
think it's going to be a pretty good year.
Speaker 4 (17:42):
And you're right.
Speaker 5 (17:43):
Part of it maybe because of the tariffs, of the
additional costs inflation. So even if they're not getting as
much of a profit on that stuff, the sales may
be through the roof, and yet they're still not seeing
as much as they would have otherwise.
Speaker 1 (17:59):
Okay, and we're going to be talking with the host
of How to Money Are Joel Larscard about who to
buy for and how to budget for holiday spending this year.
So we get great information from you, and then we'll
be getting.
Speaker 5 (18:11):
I ought to tune in for that.
Speaker 4 (18:12):
I think, well you can.
Speaker 1 (18:13):
That would be great. You can listen any time on
the iHeartRadio app, you know.
Speaker 5 (18:16):
Okay, I will den it.
Speaker 1 (18:19):
Thanks, Jim Ryan, appreciate it. All right, let's get back
to some of the stories coming out of the KFI
twenty four hour newsroom. Governor Newsom is in Brazil. He's
speaking at a symposium on climate change. He says California
has been leading the way in climate initiatives since Ronald
Reagan was governor in the nineteen sixties.
Speaker 5 (18:37):
It's been part of our legacy.
Speaker 9 (18:38):
A bipartisan legacy going back a half century.
Speaker 1 (18:43):
Newsom says California's leaders, regardless of their political party, have
been in support of clean air and improving the climate.
He says President Trump is trying to undo the progress
made by California on climate initiatives. Five MS thirteen gang
members in LA have been found guilty in a federal
racketeering case that included a string of killings in the
Angelus National Forest and shootings in the San Fernando Valley
(19:06):
from twenty seventeen to nineteen the La Kenny DIA's offices.
In some cases, gang members kidnapped, tortured, and murdered victims
in a ritualistic manner to elevate their membership status in
the gang. The trial lasted nine weeks. Sentencing is set
for July. A seventy nine year old Vietnam veteran who
(19:26):
shot and killed a naked intruder in studio said City,
said he knew he had to do something when he
heard his female tenant screaming, but.
Speaker 5 (19:34):
I need protection. I got to get aggressed, so I
ran into the house and got my gun.
Speaker 1 (19:41):
George Carcas tells Kate La he confronted the intruder last
week and pleaded with him to stop where he was,
but he says the man rushed him and body slammed him,
breaking both of the veteran's legs. That's when Carcas fired,
hitting the intruder three times. Carcos needed surgery and is
in the hospital recovering from his injuries. Representative Linda Sanchez
(20:02):
says she's going to be running for reelection in the
newly drawn forty first congressional district. The passage of Proposition
fifty split Sanchez's current district in two. She'll run in
the district that includes her hometown of Whittier. She's been
in House since two thousand and three. A political adversary
of President Trump is looking to beef up his war chest.
Speaker 13 (20:23):
Senator Adam Schiff is reportedly asking for cash for a
legal defense fund and building what some are calling an
expansive political operation prepared to do damage control around any
potential charges. Trump administration has floated the idea of charging
Shiff with mortgage fraud, saying he lives in Maryland, not California.
Schiff handled the president's first impeachment trial, and Trump has
(20:44):
recently secured indictments for former FBI Director James Comy and
New York Attorney General Letitia James. Some sources say the
investigation into Shiff has stalled out. Jason Campedonia KFI News.
Speaker 1 (20:56):
A Republican state lawmakers pushing a plan to split California
in two. Assembly Joint Resolution twenty three, introduced by Assembly
Member James Gallagher, would create a new state made up
of thirty five inland counties, including most of northern California,
the Sierra Nevada, the Central Valley, and the Inland Empire.
Gallagher says under California's current structure, the coastal regions have
(21:19):
the most of the population and most of the power.
He said during a meeting in Shasta County last week
that when those regions vote, they vote for their own
interests and disregard inland California. During the Civil War, differences
in religion, politics, and views on slavery led to Virginia
splitting into two states. Veterans are being honored all over
(21:39):
southern California with celebrations and events, including at the Santa
Monica Pier, which is going to include a flyover by
a Shuno calicopter. The Fullerton Veterans Day parade, which gets
under way at nine this morning, and there's also the
Forest Lawn sixty six annual Veterans Day ceremony, which starts
at eleven. A judge has denied a request to dism
(22:00):
for the man accused of killing four Pepperdine University students
on pch in Malibu. The new lawyers for now twenty
four year old Fraser Bom argued that there wasn't enough
evidence to tryum for murder in the depths in twenty
twenty three, but a judge in Van Nis disagreed and
said the case against him can proceed. La County health
officials have worn the public to stay out of the
(22:20):
water at beaches because of elevated bacteria levels in the
ocean water. The affected beaches include Santa Monica Beach, Inner
Cabrio Beach in San Pedro, Paradise Cove, Mother's Beach in
Marina del Rey. Signs are posted on the affected beaches.
At six oh five, it's handle on the news. The
government is one step closer to ending that shutdown. Bill's
(22:44):
going to get to the latest on that. Here's what
we're following in the KFI twenty four hour newsroom.
Speaker 4 (22:49):
The eyes are sixty, the nays are forty.
Speaker 11 (22:52):
The bill as amended has passed.
Speaker 1 (22:55):
Seven Democrats and an independent in the Senate have joined
with Republicans on the vote to reopen the government. Senate
majority leader John Thune says it's been a long road,
quite literally, the longest shutdown in history. I am very very.
Speaker 5 (23:09):
Happy to be able to say that we are coming
to the end.
Speaker 1 (23:13):
The bill now heads to the House. The government's been
shut down since October first, after Democrats demanded an extension
of expiring Obamacare's subsidies. They did not get that in
the bill approved last night. Republicans promised to take up
the issue next month. A lot of Democrats are furious
over the compromise. The Supreme Courts expected to decide today
whether the Trump administration must comply with lower court orders
(23:37):
to fully fund SNAP food benefits. November payments were stopped
because the government's shut down. The administration has accepted a
pair of earlier rulings that said it must provide at
least partial benefits, but then a judge ruled that full
funding was required. The new bill passed by the Senate
includes funding for SNAP until next September. Federal officials say
(24:01):
a woman in Santa Anna who complained about an ICE
agent pulling a gun on her, tried to cause a
crash after screaming at federal officers. Video shows an ICE
agent stopping his car Sunday and getting out while holding
his gun chest high. A Fullerton police officer saw the
confrontation and stopped the agent, showed him his identification and
explained that the woman was following and recording him. The
(24:23):
officer told the agent he couldn't help if no crime
was committed. The woman left the area shortly after the exchange,
before police arrived. A former Baldwin Park Police officer has
been charged with stealing more than one hundred thousand dollars
from the Baldwin Park Police Association while serving as the
union's treasurer. Andre Via Lobos pleaded not guilty yesterday to
(24:45):
twenty nine felony counts of grand theft, two felony accounts
of possession of a destructive device or of explosive and
one felony account of commercial robbery. He's being held on
one point six million dollars bail. An atmospheric river is
set to hit northern in central California tomorrow and last
through Friday. Meteorologist Michelle Meade with the National Weather Service
says the storm is going to bring heavy periods of rain.
Speaker 3 (25:07):
It is a colder storm with snow levels down to
five thousand feet, causing travel impacts from heavywet snow and wind,
and we also have some showers and thunderstorms anticipated.
Speaker 1 (25:18):
She says a sudden burst of rain Thursday morning is
likely to cause problems. Wizard of Oz fans will soon
have the chance to own some pieces of Hollywood history.
Speaker 14 (25:28):
Margaret Hamilton's original Wicked Witch of the West black hat
will go up for auction next month. It'll be part
of Heritage Auctions December, Hollywood's Signature auction. The auction will
also include Judy Garland's red Rehearsal slipper and a cast
signed copy of L. Frank Baum's The Wonderful World of
Oz book. Other items that will be part of the
auction include Elvis Presley's nineteen seventy six Harley Davidson, Marilyn
Monroe's Cleopatrick costume, and artwork from Star Wars. Mark Ronner,
(25:51):
There's no place like KFI news Ah.
Speaker 1 (25:55):
That just reminds me, along with giving me a little
laugh Wicked for good comes out. I think it's like
a week away. I gotta go get my tickets. Oh yeah, okay,
I think it's going to be good time to get
in your business now with Bloomberg's Denise Pellegrine. Good morning Denise, Hey,
good morning Amy. All right, let's talk pasta and why
am I not be able to get my favorite pasta anymore? Yeah?
(26:18):
This is really painful.
Speaker 15 (26:19):
The Commerce Department has announced a ninety two percent anti
dumping duty on pasta made in Italy by La Molasina
twelve other companies, and that is on top of the
Trump administration's fifteen percent tariff on imports from the European Union.
The US government says that the Italian pasta makers this
also includes pasta Garofalo, Rumo, a whole bunch of them, Aldno, Groupo, Milo,
(26:45):
like all of them that you love, because they've been
selling them too cheaply in the US. So now the
price on that is going to more than double. This
is going into effect.
Speaker 2 (26:55):
Now.
Speaker 15 (26:56):
I was thinking, you know, you really could go and
buy a whole bunch of pasta stock. It doesn't go
bad for years.
Speaker 1 (27:02):
Right, Okay, So and you call it an anti dumping duty.
It sounds like what China is doing with steel. It is,
but yeah, and the thing is in Italy. They're really
upset about this because pasta isn't just pasta. Pasta is Italy, right,
so this is a national affront. Okay, well, I hope
that I can still get good pasta. We've got Christmas
(27:25):
around the corner. Small businesses a big part of that,
but apparently they're not feeling so good.
Speaker 15 (27:30):
National Federation of Independent Business Sentiment AMY among US small
businesses has fallen to a six month flow. That's on
a deterioration in earnings, less optimism about the economy. You know,
more than sixty two million Americans work for small businesses,
So do not take this lightly.
Speaker 1 (27:45):
Okay. Target is lowering prices. That's good news. Yeah, this
is amazing. Three thousand items. The prices are coming down
and this includes on food and other household staples at Target.
They also have their.
Speaker 15 (27:59):
Thanksgiving meal to complete holiday dinner less than five bucks,
and they're also donating to various food banks and highlighting
that as well.
Speaker 1 (28:06):
Okay, well, we passed Halloween, but people are already planning
for next year. And Giant pumpkins, and that's apparently it's
a very popular thing.
Speaker 15 (28:17):
Yeah, and the thing about pumpkins, we were talking about
this before, and you brought up that not only is
it a Halloween thing, right, but you can keep the
pumpkin decoration up for Thanksgiving. That's probably part of what's
behind this obsession. People are trying to grow these giant
pumpkins for social media attention. They spent hours trying to
trace the lineage of these pumpkins so they can get
(28:38):
the best seeds, and the Wall Street Journal now says
individuals and businesses are selling these seeds for as much
as a thousand dollars each. You only get a couple
thousand dollars if you win the prize for the biggest pumpkins.
So people aren't in it for the money. They are
obsessed with this thing.
Speaker 1 (28:54):
Here's what I'm thinking, Denise, Why don't they just clone them,
clone them, clone the gi or pumpkins, right, or just.
Speaker 15 (29:04):
Go to the store and buy some canned pumpkin and skip.
Speaker 1 (29:07):
The whole Okay, we had the Paramount stock was up yesterday,
But it's not all good news if you work for Paramount.
Speaker 15 (29:16):
Yeah, they're talking about even deeper cost cuts. This is
pretty dark than expected at Paramount Skuidance sixteen hundred additional
workforce reduction being talked about. You remember they already cut
a thousand jobs. At least they want to save three
billion dollars. That's more than they talked about. They also
want to increase spending though on Paramount Plus streaming service UFC,
third party licensing, and bolster their film slate as well.
(29:39):
So they're trying to emphasize their in cost savings mode,
not shrinking their business, they hope.
Speaker 1 (29:45):
As long as they don't cut Tulsa King, I'm okay
with it. And then it's Veterans Day. We got some
freebees going before we let you go.
Speaker 15 (29:52):
Applebe's, Arbi's, Wendy's, Yogurt Land all offering free food for veterans.
Starbucks Amy has free coffee for veterans and for military
service members, current ones and for their spouses. Oh and
this isn't free vote. McDonald's is bringing back the mcribbins
some Los Angeles locations.
Speaker 1 (30:08):
That's that time of years starting today, All right, getting
in your business like we do every weekday with Bloomberg's
Denise Pellegrinny. Thanks Denise, talk to you tomorrow, all right.
The government shutdown is another step closer to ending the
Senate pass to funding bill, with eight Democratic senators signing
on last night. The vote was sixty to forty. The
House could vote on the measure as soon as tomorrow.
(30:29):
It includes providing full snap benefits through next September, an
agreement to rehire fired federal workers, all back pay for
fur load workers, and it keeps the government funded through
January thirtieth. Five members of the MS thirteen gang have
been convicted in downtown, a lay of carrying out sometimes
grizzly murders to advance their standing in the gang. Prosecutors
(30:52):
say some of the murder victims were beaten, stabbed, shot, strangled,
and even thrown off cliffs in the Angelus National Forest.
Veterans will be celebrated at events around the south Land
this Veterans Day. Pasadena will be honoring the Late Medal
of Honor recipient and former resident Raymond G. Harvey. The
San Fernando Valley Veterans Day Parade steps off at eleven
(31:14):
eleven this morning along Laurel Canyon Boulevard. We're just minutes
away from Handle on the news this morning, flight reductions
go from four to six percent. Today. Let's say good
morning now to the host of How to Money every
Sunday right here on KFI. It's Joel Larsgard.
Speaker 4 (31:30):
Morning, Joel, Morning Amy.
Speaker 1 (31:32):
Okay, so we're forty four days away from Christmas, and
it's time to start thinking about what you're going to
get for who and how much you're going to spend.
And I was thinking, and I know people say I
talk about Christmas too much, but I think you got
a plan for it this year, because you know, budgets
are tightening.
Speaker 16 (31:46):
Yeah, and this is why my suggestion is always to
have a sinking fund and to start putting money in
at the beginning of the year. Right, So just a
little lesson upfront for Christmas twenty twenty six started in January,
truly starts saving for it. Because there's this new survey
from US News something like four and five Americans are
(32:07):
concerned they're not going to have enough money for gifts
this holiday season. And I know it's one of those
things that you don't necessarily want to set money aside
throughout the year because you're like, I'll figure it out
when the time comes. But when the time comes, you're
super tooper stressed and you're pulling out your hair because
you like, I don't have enough money to pay for
the gifts that I want to get for everybody, and
(32:27):
it's a really frustrating, tenuous situation. So the crucial thing
is to plan ahead so that you have the money
for the gifts. It's like saving four maintenance items for
your house, right you know they're going to come down
the pike.
Speaker 4 (32:39):
You know what's going to happen.
Speaker 16 (32:40):
Christmas comes every year, like it or not, and so yeah,
you're holiday spending, you need to be preparing for that.
Speaker 4 (32:47):
I think it's a crucial thing.
Speaker 16 (32:48):
Right now, we're getting really close to Christmas, and so
if you don't have the money to buy the gifts
that you typically buy for the people that you love,
now is the time. It's November eleventh, where we still
have enough time from Christmas where you can at least
have conversations with your family about, hey, here's my financial
priorities and actually buying it. Some of Christmas gifts isn't
(33:09):
going to fit into the budget this year. Can we
do some sort of secret standa for the adults? Can
we limit gifts in this way or that and or
dial back on the number of people you typically buy for.
Speaker 4 (33:21):
There are ways to kind of make.
Speaker 16 (33:23):
A pivot, but do it with an open conversation with
other members of your family, so you don't just show
up to Christmas empty handed and make everybody man okay.
Speaker 1 (33:31):
But then Joel, then tell me what you do if
you run into what I just did with my brother.
I literally had this conversation with him. I was you,
I was channeling you, and I said, Rob, I think
we should kind of cut back this year a little bit,
and he goes, oh, shut up, We're not cutting back. Okay,
I guess I'll go.
Speaker 4 (33:47):
Shop in to buy something nice for your brother at least.
Speaker 1 (33:50):
Right, you know, right, well, you know, I think that
One of the other things that's kind of awkward about
Christmas sometimes is like you're like, well, did I spend
enough on that person? And did I spend the equal
amount on that person? And I kind of I don't
play the money game so much. It's more like, try
to find something that you think that they would like,
and if one of them costs fifty dollars and one
(34:11):
of them costs one hundred dollars, that's okay. They don't
have to all be equitable.
Speaker 16 (34:16):
Yeah, and I think kind of what you're getting at
in that conversation is what you did was suggest hey,
maybe we should do this.
Speaker 1 (34:22):
I think any shut me down, and he shut you down.
Speaker 16 (34:25):
I think what people can really respond well to is saying, hey, listen,
I have these financial goals that I got to meet
and I cannot. I will not going to debt. I
do not want that credit card debt hangover in January.
Speaker 4 (34:37):
I've done it before. It really stinks.
Speaker 16 (34:39):
It takes months to get out of and twenty two
percent interest rates, Like, it's just not physically possible for me.
So can we shift in a way that allows me
to enjoy us, to enjoy Christmas together, but it prevents
me from going down that dark path of extensive debt
that I really don't need to be doing to make
this holiday season quote unquote great?
Speaker 4 (35:00):
What are other ways we can make this holiday season great?
Speaker 16 (35:02):
So like put pin it on yourself and say I
can't do it like we've been doing it and I
love Christmas. There's other like, for instance, my siblings, we
go out to an inexpensive dinner like that is our
sibling Christmas hang We don't get each other gifts and
so it's much less expensive because it's just a cheap
dinner and it's a great way to be together. I
(35:23):
think there are lots of options like that, and honestly,
people appreciate the honesty and the humility to be like,
I just can't do it this year.
Speaker 1 (35:30):
Yeah, okay, so be honest and have that tough conversation.
And one one quick question about you said, you know,
do that savings account which we're going to start in
January and set aside a little bit every month. Do
you need to have a dedicated account or do you
just keep track of it? Because I feel like if
I just put it in there and say it's there,
but it's intermixed with my other money, I might tap
into it.
Speaker 4 (35:50):
Yeah. Yeah, yeah, So that's a great question. I think
you can.
Speaker 16 (35:53):
If you're keeping a spreadsheet and you're keeping track of
your expenses and you're that dedicated, I think you can
keep it all in one place. One of my favorite things.
One of the reasons why I think Ally is actually
one of the best places to open a savings account
is because and a couple other people do this too,
but Ally does it well.
Speaker 4 (36:11):
I think they might have been first.
Speaker 16 (36:13):
The savings buckets that they offer are really great because
they allow you to toss money into certain certain buckets
that you have listed, like all, this is my vacation bucket,
and I'm putting one hundred and fifty dollars a month
into that. This is my Christmas bucket. I'm putting fifty
dollars a month into that. So I've got six hundred
bucks by the time Christmas rolls around, and I'm not
putting it on the credit card. So the buckets are
(36:34):
a great way to do it. There's also Monarch Money,
which is just recently changed our name to Monarch. It's
a great it's like Mint but for modern times, and
it's a great budgeting software that also simultaneously allows you
to kind of create those items the savings goals, but
it doesn't but you don't actually have to have an
(36:57):
account with buckets to take part in that. I like
that as a way to kind of mentally separate money
for different purposes.
Speaker 1 (37:05):
Right, Okay, and then before we let you go, this
is sort of a bookkeeping thing, but you say it's
super important, and that is beneficiaries make sure that they're
listed and they're the right ones.
Speaker 16 (37:16):
Oh, my goodness, this is so important. I can't even
tell you how important this is. And this is something
that we dealt with recently in my family with the
passing of my.
Speaker 4 (37:26):
Stepfather or my wife's stepfather.
Speaker 16 (37:29):
And he just the beneficiaries were listed incorrectly on some
really important policies like a life insurance policy. And this
is there was an article in the Wall Street Journal
about this just a couple of days ago. The beneficiaries
often who's listed as a beneficiary on your retirement account
or on your life insurance policy. It trumps what's in
your will, and most people they set it and forget it.
(37:50):
And maybe if they had if they opened this account
twenty thirty years ago, they haven't changed the beneficiary. They
haven't thought through who is should get this money if
I were to meet my untimely death. And so the
beneficiary is one of this crucial things. It takes a
couple of minutes to go in there and check and
to update if necessary, but make sure you know who's
(38:11):
listed as a beneficiar on all those accounts, insurance policies
and retirement accounts, so that, yeah, God forbid, if you
were to pass away prematurely, that money goes into the
right hands because if the beneficiary is listed incorrectly, it's
going to that person. Even if you're like, man, that
was my ex spouse. I didn't want them to get
the money. I wanted my current spouse to get the money. Sorry,
(38:31):
there's nothing you can really do about it after the
fact most of the time.
Speaker 1 (38:34):
All right, great advice as always from the host of
how to Money on KFI. It's Joel Larsgard, and you
can listen to more great financial tips and tricks when
you listen to Joel this weekend. He's on Sundays from
noon to two right here at KFI, and you can
also follow him how to Money Joel at how to Money. Joel.
Thank you, Joel Larcus Larsgard.
Speaker 4 (38:56):
Of course, thanks Amy, thank you.
Speaker 1 (38:59):
Okay. This is KOST HD two Los Angeles, Orange County,
live from the KFI twenty four hour newsroom. I'm Amy King.
This has been your wake up call. If you missed
any wake up call, you can listen anytime we're 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
(39:19):
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 apps.
Speaker 2 (00:12):
KFI hand KOST HD two Los Angeles, Orange County KFI Radio.
Speaker 1 (00:30):
This is Mission Control Houston.
Speaker 3 (00:32):
Please call station for a voice check.
Speaker 1 (00:39):
Station. This is Amy King with kfi's wake up Call.
Speaker 4 (00:41):
How do you hear me? I can hear you loud
and clear. It's time for your morning wake up call,
Amy k. Here's Amy King. This is not.
Speaker 5 (01:05):
Good.
Speaker 1 (01:06):
It is five o'clock, straight up. This is your wake
up call for Tuesday, November eleventh, Veterans Day. Good morning,
I'm Amy King. Bad to have you along for the
ride today. Gonna be a busy one, so much going
on as always, Forty four days till Christmas. And guess what.
One in four Americans think they're on the naughty list
(01:28):
this year. Will not meme on. I'm on the nice list.
Here's what's ahead on wake Up Call. The government shutdown
is another step closer to ending. The Senate passed a
funding bill last night with the help of eight Democratic senators.
The vote sixty to forty. That's enough to break that.
(01:50):
Fellow buster ABC's Stephen Portnoy's going to join us in
just a couple of minutes. He'll let us know when
the bill or what the bill does and doesn't do,
and whether the House is going to pass it and when.
Air travelers can expect more cancelations and delays this week.
Even if the government shut down ends, The FAA cut
an additional twenty two hundred flights Monday. There's another thousand
(02:11):
expected to be cut today. Shortages led to average five
hour delays at Chicago's o Haare Airport yesterday. This summer
like weather not going to be around much longer. Rain
and cooler temperatures are rolling into southern California, with rain
expected by tomorrow night. The heaviest rains expected Thursday could
see four inches in some areas, highs just in the
(02:32):
fifties and sixties. Snows also expected to fall Lake Tahoe
and in the Sierra Lots of people are feeling the
pinch of higher prices, but still record spending is expected
this holiday season. ABC's Jim Ryan's going to join us
at five pot twenty to tell us how much we're
going to be spending and how much should you spend
and should you have a plan for your Christmas spending.
(02:54):
The host of How the Money on KFI, Joel Larsgard says,
of course, yes, he's going to help create a plan
to make sure we don't overspend this holiday season. Let's
get started with some of the stories coming out of
the KFI twenty four hour newsroom. Veterans are being honored
all over Southern California this Veterans Day. A lot of
cities are hosting commemorative events, including Pasadena. It will honor
(03:16):
the Late Medal of Honor recipient US Army Lieutenant Raymond G. Harvey.
He served in World War II. During the Korean War,
he commanded the Infantry Division's Company C, seventeenth Infantry Regiment
when the division landed at Incheon, South Korea in nineteen fifty.
The San Fernando Valley Veterans Day Parade will start at
(03:36):
eleven eleven on Laurel Canyon Boulevard, and veterans and active
military members will get free meals and ride tickets to
Pacific Park at the Veterans Day Ceremony on the Santa
Monica Peer Veterans, active duty military and their families also
get free admission to the Queen Mary Today. So Much
to Do News brought to you by Ruderhroo dot Com.
(03:57):
A man killed when his tesla crashed into a utility
pull in Santa Clarita has been identified as an off
duty LAPD officer. Firefighters pronounced Officer Bailey mcgana dead at
the scene early Saturday morning. He was twenty five years
old and was assigned to the LAPD's mission Area. Elie
Kenny Sheriff's Department is investigating the crash. A judge has
(04:18):
rejected an effort to dismiss murder charges against a man
accused of killing four Sorority sisters during a crash along
pch in Malibu. Lawyers for Fraser Boehm says or say
they planned to appeal. Attorney Alan Jackson says Boom is
not a murderer.
Speaker 6 (04:34):
He did not intentionally or with any kind of an
implied malice, take any lives.
Speaker 4 (04:39):
This was a tragedy. It's a tragic accident.
Speaker 1 (04:42):
Prosecutors A Bohm was speeding in twenty twenty three when
he crashed into three parked cars, killing the four Pepperdine
University students who were walking on the road. LA maybe
may place a new cap on rent increases at rent
stabilized department.
Speaker 6 (04:56):
The City Council Committee has already approved a three percent
cap on rent increases, down from the current eight percent allowance.
Councilwoman Nythia Rammins says tenants of rent stabilized units are struggling.
Speaker 7 (05:07):
Our rent cap of eight percent is higher than almost
any other jurisdiction in California. The RSO also includes additional
charges that landlords can charge for utilities, even when those
utilities cost.
Speaker 1 (05:15):
Much less to provide.
Speaker 6 (05:16):
Many property owners disagree, saying the cap would kneecap their
ability to take care of their buildings. The full city
Council takes up the issue tomorrow. Michael Monks KFI.
Speaker 1 (05:24):
News eight percent, that's a lot. That's a lot. City
of Pasadena and the operators of the Rose Bowl have
filed court papers to keep UCLA from leaving the Rose
Bowl to play at football games at SOFI Stadium. They're
looking to go before I Judge tomorrow to seek a
restraining order that would prevent UCLA from leaving. UCLA says
it hasn't made any final decisions regarding the football team.
(05:46):
Let's say good morning now too. ABC's Steven Portnoy. Stephen
looks like We're making some good progress. I'm getting the
government reopened.
Speaker 8 (05:55):
Yeah, and perhaps forty eight hours from now will be
reporting the federal workers are expected back at their desks.
The Senate last night voted forty sorry sixty to forty
to open the government and fund it through the end
of January. Now, this goes to the House for final passage.
Today's Veterans Day, so there's no action on Capitol Hill today.
Speaker 4 (06:17):
Tomorrow, about midday.
Speaker 8 (06:20):
I'd say your time, we expect the House to begin voting,
and this shutdown could be over with the stroke of
the President's signature sometime Monday night here in Washington. And
ultimately the question becomes, all right, how soon can the
operations of the federal government get back up to speed,
How soon can the paychecks go out to those workers
who've been at their desks and at their duty stations
(06:43):
for the last six weeks? And how soon might all
the ripple effects affecting snap recipients and everybody else, How
soon will that be resolved? We don't know, but the
fact that the Senate has now approved a government funding
bill really means that this is about.
Speaker 1 (06:59):
To end, okay, And are there any possible roadblocks? To
the House passing it, or does it look like it's
kind of smooth sailing from here.
Speaker 4 (07:08):
Well, anything can happen.
Speaker 8 (07:09):
I mean, look, what you have to acknowledge is the
fact that there are a lot of Democrats, most Democrats,
who are really upset about the fact that this is
ending the way it appears to be ending. They wanted
the Democrats to hold fast and demand some sort of
heart firm concession from Republicans when it comes to the
(07:30):
expiration of these tax subsidies that have made the Affordable
Care Act exchange plans more affordable for the last several years.
That was a COVID era thing initiated under the Biden presidency.
That's expiring, and President Trump as late as last night
said an interview on Fox that he believes that Americans
ought to be holding onto more of their own money
(07:52):
and using those savings to pay for health insurance. Well,
that doesn't solve the problem, because the problem is that
medicine is costing more money, and all insurance is as
a way of masking and covering and shifting and spreading
those costs across, and no one's talking about anyway to
lower those costs. Just a matter of well, who does
(08:12):
it affect most and how much can the government pick
up the tab And that's where ultimately this conversation always
seems to land, and where it's probably going to land here.
The Senate leaders have agreed to put some kind of
measure on the floor next month. We don't know what
that measure would be. We also don't know whether it's
going to see the light of day in the House
or whether Americans who are on the exchange plans will
(08:34):
just have to suck it up and figure out a
way however they can do it to afford health insurance
into twenty twenty six given the increasing cost of these plants.
Speaker 1 (08:45):
Okay, and then real quick Stephen, because I know you
have to go. There were a couple of other things
in the bill that passed in the Senate that got
those Democrats to sign on board with it, right like that,
all right, restoring the furloughs.
Speaker 8 (08:56):
And yeah, so there are eight Democrats who voted with
Republicans yesterday to get this across the fish line into
the House. The key provision you're talking about is one
that requires the administration to reverse any furlough excuse me,
any layoffs that have been undertaken over the course of
the shutdown. The President was asked by my colleague Karen
Travers yesterday if he's going to abide by that. He
(09:18):
signaled he would.
Speaker 1 (09:19):
Okay, and also that they will pay all the back
pay for anybody who was furlowed, which.
Speaker 8 (09:24):
Has been federal low since twenty eighteen, since the last shutdown.
And for whatever reason, there were there were a lot
of rumblings here that perhaps the administration wouldn't honor that law.
Speaker 4 (09:35):
And I don't know how, but that was the conversation.
Speaker 8 (09:38):
And so this bill makes it clear that the funds
appropriated are meant to go and shall be paid to
those workers who were furloughed.
Speaker 1 (09:45):
All right, Stephen Portinoy, ABC, thanks so much for the info.
We appreciate it as always.
Speaker 4 (09:49):
You bet.
Speaker 1 (09:50):
Let's get back to some of the stories coming out
of the KFI twenty four hour news room. Of state
judge in West Virginia has allowed the continued deployment of
more than three hundred West Virginia National Guard members to Washington,
d The judge heard arguments yesterday from a civic group
that had argued the governor exceeded his authority with the deployment.
The Governor's office argued it is authorized to do so
under federal law. President Trump issued the executive order in
(10:13):
August declaring a crime emergency in DC. Some people in
Chicago have criticized federal immigration agents for allegedly pepper spraying
people in a car, including a little girl. DHS says
no pepper spray was used Saturday, but Chicago Mayor Brandon
Johnson says otherwise.
Speaker 9 (10:28):
I was certainly disturbed as many Chicagoans were, to see
the video of a one year old child who was
hit with a pepper spray ball.
Speaker 1 (10:40):
Johnson says it happened in a Sam's Club parking lot.
The family says they were not protesting, honking their horns
to warn others, or trying to interfere with immigration officials.
Pakistan's Interior minister says a suicide bomber set off his
explosives outside the gate of a district court in Islamabad,
killing twelve people. Dozens more were hurt. The official says
(11:01):
the bomber tried to get into the court property but couldn't,
so he targeted a police vehicle instead. No group immediately
has claimed responsibility for the Midday attack. The FDA is
removing a warning from hormone based menopause drug.
Speaker 7 (11:14):
The change is a break for more than twenty years
of FDA policy in which the drugs carried the agency's
most severe warning label. The FDA Commissioner and some other
doctors have long criticized the current warning label as outdated
and unnecessary. They say it discourages some women from seeking
treatment that can help with hot flashes and other uncomfortable symptoms.
(11:35):
Other experts have said the warning carries important information about
risks of stroke, heart attack, and breast cancer. Deborah mark
KFI News.
Speaker 1 (11:44):
And uptick in measles cases in Canada over the past
year has resulted in the country officially using its Measles
elimination status. ABC's Michelle frans And says there has been
sustained transmission of the virus.
Speaker 10 (11:55):
Since October twenty twenty four. Canada has recorded more than
fifty one hundred cases of measles. The US is also
on track to possibly lose its elimination status early next year.
Speaker 1 (12:06):
If one country in a region loses elimination status, the
entire region loses it. Jeffrey Epstein's former confidante Glaine Maxwell,
could be getting some soft treatment in prison. Abc'sper Thomas's
her critics claim she is benefiting from alleged perps.
Speaker 11 (12:21):
Maxwell was sent to a minimum security camp in Texas
days after that controversial meeting with Deputy Attorney General Todd Blinch.
In that meeting, Maxwell claimed that President Trump was not
involved in any illegal activity with Epstein.
Speaker 1 (12:35):
He says, her critics claim Maxwell is being rewarded for
that interview. The latest work trend needs to be said
very carefully.
Speaker 12 (12:43):
Micro shifting is about people getting their work done in
short blocks and on their own timeline. Recent data says
nearly two thirds of workers believe there should be more
flexibility for people who have other responsibilities, including child or
elder care, or who just work better.
Speaker 4 (12:57):
In the morning or at night.
Speaker 12 (12:59):
The growing presence of gen Z in the workforce is
a big reason for the push, as the youngest generation
emphasizes mental health and flexible work schedules. Multiple jobs or
side hustles are also a big reason for micro shifting,
as people look to make more money or pursue their
true passion outside of their regular job.
Speaker 4 (13:15):
Michael Krozier kf.
Speaker 1 (13:16):
I News micro shifting, Okay, we will be very Careful.
Flight delays and cancelations expected to ramp up today as
the FAA mandated flight reductions increase from four to six percent.
They'll go up to ten percent Friday. If the government
shutdown hasn't been resolved. Southwest had almost forty percent of
its flights delayed yesterday. A woman accused of stealing a
(13:38):
minivan on Thousand Oaks has escaped into Mexico. Police say
the woman led police on a three hour chase from
Ventura into La County south on the four h five
and five freeways into San Diego County, and that's where
she reached and crossed the border into Mexico. She has
not been taken into custody. Wendy's is planning to close
(13:59):
three hundred restaurants in the US in the next few months.
It says the cuts are twofold to increase profits and
to make its remaining restaurants more profitable. The closures are
expected to begin anytime. Wendy's has more than six thousand
restaurants in the US. And I love a good Wendy's burger,
and I love a good frosty Frosty. Let's say good
morning now to ABC's Jim Ryan, So, Jim, Christmas is
(14:20):
coming either there. The chili is great too, Yeah, absolutely,
so Christmas is coming. The goose is getting fat. What's
the outlook for this Christmas season.
Speaker 4 (14:30):
Depends upon who you're asking.
Speaker 5 (14:31):
National Retail Federation says it expects holiday sales to rise
up to four point two percent this year over last year.
Speaker 1 (14:39):
That's a pretty big increase, it is.
Speaker 5 (14:41):
That'll be the first trillion dollars spending season in American history.
So yeah, National Retail Federation is really optimistic about where
things are headed into the holidays. But Price Waterhouse Cooper's
PwC has been surveying consumers about what their expectations are,
and that's survey comes out with a five percent drop
(15:02):
in average holiday spending. So somewhere in the middle you're
likely to get the accurate number, and we probably won't
know until after it's all over. But I mean, the
economy the way it is right now, with the tariffs,
with the stock market going up and going down, with
travel sort of up in the air, it's it's really
hard to get a firm gauge on what's going to
happen in the next month, month and a half.
Speaker 1 (15:23):
Although when you say the stock market's going down, it's
up trading over forty seven thousand. I mean it's been
going up and up and up.
Speaker 4 (15:31):
Well, it happened.
Speaker 5 (15:32):
I mean last week we saw it drop what fifteen
hundred points, the doubt did and.
Speaker 1 (15:36):
It's now still trading up over forty seven thousand.
Speaker 4 (15:39):
I mean it is.
Speaker 1 (15:40):
Yeah.
Speaker 5 (15:41):
Right, So on the whole you're right, and things are
generally looking up, and it all depends upon what happens
with AI stocks that seems to be driving the whole
market right now. You know, if if AI stocks suddenly
seem overvalued. Boy, we're getting way off topic here, Amy,
I thought this was interesting, this part of the PwC survey.
(16:03):
Here it compared age groups or generations gen Z, they
anticipate spending twenty three percent less this year on the
holidays than they did last year. And for the plan
to spend on they plan to buy dupes. That is,
instead of the real coach bag or the Loui of Baton,
(16:26):
they'll buy something that looks like a coach bag or
a Loui of Aton and give that as a gift. Millennials,
gen X and baby mooarries expend to maintain or even
increase their holiday spending.
Speaker 1 (16:36):
That's kind of an interesting breakout when you think about gender.
Is Gen Z less materialistic than the older generation or
are they just used to not having as much extra
spending cash.
Speaker 5 (16:47):
Well, they're dealing with big life transitions right now. They're
early in their careers. The job market is very tough.
It's hard to get a real handle on what's happening
and employment out there, and they don't have a lot
in safe and so they're going to anticipate spending less
in their holiday budgets this year than any other generation.
Speaker 1 (17:07):
See, if they have less, they should spend less. That's
actually pent kind of smart. Maybe they're a smarter generation.
Speaker 4 (17:12):
Could be also.
Speaker 1 (17:13):
Wondering about the National Retail Federation is saying that they
expect like a four plus percent increase. Wondering is that
just because the costs are higher or they're buying four
points four percent more stuff?
Speaker 5 (17:27):
I think you're onto something there, because the National Retail
Federation survey is a survey of retailers. So the stores
that are running out there, the retailers online and the
brick and mortars, they're the ones who are asked about
that and coming up with this number that. Yeah, we
think it's going to be a pretty good year.
Speaker 4 (17:42):
And you're right.
Speaker 5 (17:43):
Part of it maybe because of the tariffs, of the
additional costs inflation. So even if they're not getting as
much of a profit on that stuff, the sales may
be through the roof, and yet they're still not seeing
as much as they would have otherwise.
Speaker 1 (17:59):
Okay, and we're going to be talking with the host
of How to Money Are Joel Larscard about who to
buy for and how to budget for holiday spending this year.
So we get great information from you, and then we'll
be getting.
Speaker 5 (18:11):
I ought to tune in for that.
Speaker 4 (18:12):
I think, well you can.
Speaker 1 (18:13):
That would be great. You can listen any time on
the iHeartRadio app, you know.
Speaker 5 (18:16):
Okay, I will den it.
Speaker 1 (18:19):
Thanks, Jim Ryan, appreciate it. All right, let's get back
to some of the stories coming out of the KFI
twenty four hour newsroom. Governor Newsom is in Brazil. He's
speaking at a symposium on climate change. He says California
has been leading the way in climate initiatives since Ronald
Reagan was governor in the nineteen sixties.
Speaker 5 (18:37):
It's been part of our legacy.
Speaker 9 (18:38):
A bipartisan legacy going back a half century.
Speaker 1 (18:43):
Newsom says California's leaders, regardless of their political party, have
been in support of clean air and improving the climate.
He says President Trump is trying to undo the progress
made by California on climate initiatives. Five MS thirteen gang
members in LA have been found guilty in a federal
racketeering case that included a string of killings in the
Angelus National Forest and shootings in the San Fernando Valley
(19:06):
from twenty seventeen to nineteen the La Kenny DIA's offices.
In some cases, gang members kidnapped, tortured, and murdered victims
in a ritualistic manner to elevate their membership status in
the gang. The trial lasted nine weeks. Sentencing is set
for July. A seventy nine year old Vietnam veteran who
(19:26):
shot and killed a naked intruder in studio said City,
said he knew he had to do something when he
heard his female tenant screaming, but.
Speaker 5 (19:34):
I need protection. I got to get aggressed, so I
ran into the house and got my gun.
Speaker 1 (19:41):
George Carcas tells Kate La he confronted the intruder last
week and pleaded with him to stop where he was,
but he says the man rushed him and body slammed him,
breaking both of the veteran's legs. That's when Carcas fired,
hitting the intruder three times. Carcos needed surgery and is
in the hospital recovering from his injuries. Representative Linda Sanchez
(20:02):
says she's going to be running for reelection in the
newly drawn forty first congressional district. The passage of Proposition
fifty split Sanchez's current district in two. She'll run in
the district that includes her hometown of Whittier. She's been
in House since two thousand and three. A political adversary
of President Trump is looking to beef up his war chest.
Speaker 13 (20:23):
Senator Adam Schiff is reportedly asking for cash for a
legal defense fund and building what some are calling an
expansive political operation prepared to do damage control around any
potential charges. Trump administration has floated the idea of charging
Shiff with mortgage fraud, saying he lives in Maryland, not California.
Schiff handled the president's first impeachment trial, and Trump has
(20:44):
recently secured indictments for former FBI Director James Comy and
New York Attorney General Letitia James. Some sources say the
investigation into Shiff has stalled out. Jason Campedonia KFI News.
Speaker 1 (20:56):
A Republican state lawmakers pushing a plan to split California
in two. Assembly Joint Resolution twenty three, introduced by Assembly
Member James Gallagher, would create a new state made up
of thirty five inland counties, including most of northern California,
the Sierra Nevada, the Central Valley, and the Inland Empire.
Gallagher says under California's current structure, the coastal regions have
(21:19):
the most of the population and most of the power.
He said during a meeting in Shasta County last week
that when those regions vote, they vote for their own
interests and disregard inland California. During the Civil War, differences
in religion, politics, and views on slavery led to Virginia
splitting into two states. Veterans are being honored all over
(21:39):
southern California with celebrations and events, including at the Santa
Monica Pier, which is going to include a flyover by
a Shuno calicopter. The Fullerton Veterans Day parade, which gets
under way at nine this morning, and there's also the
Forest Lawn sixty six annual Veterans Day ceremony, which starts
at eleven. A judge has denied a request to dism
(22:00):
for the man accused of killing four Pepperdine University students
on pch in Malibu. The new lawyers for now twenty
four year old Fraser Bom argued that there wasn't enough
evidence to tryum for murder in the depths in twenty
twenty three, but a judge in Van Nis disagreed and
said the case against him can proceed. La County health
officials have worn the public to stay out of the
(22:20):
water at beaches because of elevated bacteria levels in the
ocean water. The affected beaches include Santa Monica Beach, Inner
Cabrio Beach in San Pedro, Paradise Cove, Mother's Beach in
Marina del Rey. Signs are posted on the affected beaches.
At six oh five, it's handle on the news. The
government is one step closer to ending that shutdown. Bill's
(22:44):
going to get to the latest on that. Here's what
we're following in the KFI twenty four hour newsroom.
Speaker 4 (22:49):
The eyes are sixty, the nays are forty.
Speaker 11 (22:52):
The bill as amended has passed.
Speaker 1 (22:55):
Seven Democrats and an independent in the Senate have joined
with Republicans on the vote to reopen the government. Senate
majority leader John Thune says it's been a long road,
quite literally, the longest shutdown in history. I am very very.
Speaker 5 (23:09):
Happy to be able to say that we are coming
to the end.
Speaker 1 (23:13):
The bill now heads to the House. The government's been
shut down since October first, after Democrats demanded an extension
of expiring Obamacare's subsidies. They did not get that in
the bill approved last night. Republicans promised to take up
the issue next month. A lot of Democrats are furious
over the compromise. The Supreme Courts expected to decide today
whether the Trump administration must comply with lower court orders
(23:37):
to fully fund SNAP food benefits. November payments were stopped
because the government's shut down. The administration has accepted a
pair of earlier rulings that said it must provide at
least partial benefits, but then a judge ruled that full
funding was required. The new bill passed by the Senate
includes funding for SNAP until next September. Federal officials say
(24:01):
a woman in Santa Anna who complained about an ICE
agent pulling a gun on her, tried to cause a
crash after screaming at federal officers. Video shows an ICE
agent stopping his car Sunday and getting out while holding
his gun chest high. A Fullerton police officer saw the
confrontation and stopped the agent, showed him his identification and
explained that the woman was following and recording him. The
(24:23):
officer told the agent he couldn't help if no crime
was committed. The woman left the area shortly after the exchange,
before police arrived. A former Baldwin Park Police officer has
been charged with stealing more than one hundred thousand dollars
from the Baldwin Park Police Association while serving as the
union's treasurer. Andre Via Lobos pleaded not guilty yesterday to
(24:45):
twenty nine felony counts of grand theft, two felony accounts
of possession of a destructive device or of explosive and
one felony account of commercial robbery. He's being held on
one point six million dollars bail. An atmospheric river is
set to hit northern in central California tomorrow and last
through Friday. Meteorologist Michelle Meade with the National Weather Service
says the storm is going to bring heavy periods of rain.
Speaker 3 (25:07):
It is a colder storm with snow levels down to
five thousand feet, causing travel impacts from heavywet snow and wind,
and we also have some showers and thunderstorms anticipated.
Speaker 1 (25:18):
She says a sudden burst of rain Thursday morning is
likely to cause problems. Wizard of Oz fans will soon
have the chance to own some pieces of Hollywood history.
Speaker 14 (25:28):
Margaret Hamilton's original Wicked Witch of the West black hat
will go up for auction next month. It'll be part
of Heritage Auctions December, Hollywood's Signature auction. The auction will
also include Judy Garland's red Rehearsal slipper and a cast
signed copy of L. Frank Baum's The Wonderful World of
Oz book. Other items that will be part of the
auction include Elvis Presley's nineteen seventy six Harley Davidson, Marilyn
Monroe's Cleopatrick costume, and artwork from Star Wars. Mark Ronner,
(25:51):
There's no place like KFI news Ah.
Speaker 1 (25:55):
That just reminds me, along with giving me a little
laugh Wicked for good comes out. I think it's like
a week away. I gotta go get my tickets. Oh yeah, okay,
I think it's going to be good time to get
in your business now with Bloomberg's Denise Pellegrine. Good morning Denise, Hey,
good morning Amy. All right, let's talk pasta and why
am I not be able to get my favorite pasta anymore? Yeah?
(26:18):
This is really painful.
Speaker 15 (26:19):
The Commerce Department has announced a ninety two percent anti
dumping duty on pasta made in Italy by La Molasina
twelve other companies, and that is on top of the
Trump administration's fifteen percent tariff on imports from the European Union.
The US government says that the Italian pasta makers this
also includes pasta Garofalo, Rumo, a whole bunch of them, Aldno, Groupo, Milo,
(26:45):
like all of them that you love, because they've been
selling them too cheaply in the US. So now the
price on that is going to more than double. This
is going into effect.
Speaker 2 (26:55):
Now.
Speaker 15 (26:56):
I was thinking, you know, you really could go and
buy a whole bunch of pasta stock. It doesn't go
bad for years.
Speaker 1 (27:02):
Right, Okay, So and you call it an anti dumping duty.
It sounds like what China is doing with steel. It is,
but yeah, and the thing is in Italy. They're really
upset about this because pasta isn't just pasta. Pasta is Italy, right,
so this is a national affront. Okay, well, I hope
that I can still get good pasta. We've got Christmas
(27:25):
around the corner. Small businesses a big part of that,
but apparently they're not feeling so good.
Speaker 15 (27:30):
National Federation of Independent Business Sentiment AMY among US small
businesses has fallen to a six month flow. That's on
a deterioration in earnings, less optimism about the economy. You know,
more than sixty two million Americans work for small businesses,
So do not take this lightly.
Speaker 1 (27:45):
Okay. Target is lowering prices. That's good news. Yeah, this
is amazing. Three thousand items. The prices are coming down
and this includes on food and other household staples at Target.
They also have their.
Speaker 15 (27:59):
Thanksgiving meal to complete holiday dinner less than five bucks,
and they're also donating to various food banks and highlighting
that as well.
Speaker 1 (28:06):
Okay, well, we passed Halloween, but people are already planning
for next year. And Giant pumpkins, and that's apparently it's
a very popular thing.
Speaker 15 (28:17):
Yeah, and the thing about pumpkins, we were talking about
this before, and you brought up that not only is
it a Halloween thing, right, but you can keep the
pumpkin decoration up for Thanksgiving. That's probably part of what's
behind this obsession. People are trying to grow these giant
pumpkins for social media attention. They spent hours trying to
trace the lineage of these pumpkins so they can get
(28:38):
the best seeds, and the Wall Street Journal now says
individuals and businesses are selling these seeds for as much
as a thousand dollars each. You only get a couple
thousand dollars if you win the prize for the biggest pumpkins.
So people aren't in it for the money. They are
obsessed with this thing.
Speaker 1 (28:54):
Here's what I'm thinking, Denise, Why don't they just clone them,
clone them, clone the gi or pumpkins, right, or just.
Speaker 15 (29:04):
Go to the store and buy some canned pumpkin and skip.
Speaker 1 (29:07):
The whole Okay, we had the Paramount stock was up yesterday,
But it's not all good news if you work for Paramount.
Speaker 15 (29:16):
Yeah, they're talking about even deeper cost cuts. This is
pretty dark than expected at Paramount Skuidance sixteen hundred additional
workforce reduction being talked about. You remember they already cut
a thousand jobs. At least they want to save three
billion dollars. That's more than they talked about. They also
want to increase spending though on Paramount Plus streaming service UFC,
third party licensing, and bolster their film slate as well.
(29:39):
So they're trying to emphasize their in cost savings mode,
not shrinking their business, they hope.
Speaker 1 (29:45):
As long as they don't cut Tulsa King, I'm okay
with it. And then it's Veterans Day. We got some
freebees going before we let you go.
Speaker 15 (29:52):
Applebe's, Arbi's, Wendy's, Yogurt Land all offering free food for veterans.
Starbucks Amy has free coffee for veterans and for military
service members, current ones and for their spouses. Oh and
this isn't free vote. McDonald's is bringing back the mcribbins
some Los Angeles locations.
Speaker 1 (30:08):
That's that time of years starting today, All right, getting
in your business like we do every weekday with Bloomberg's
Denise Pellegrinny. Thanks Denise, talk to you tomorrow, all right.
The government shutdown is another step closer to ending the
Senate pass to funding bill, with eight Democratic senators signing
on last night. The vote was sixty to forty. The
House could vote on the measure as soon as tomorrow.
(30:29):
It includes providing full snap benefits through next September, an
agreement to rehire fired federal workers, all back pay for
fur load workers, and it keeps the government funded through
January thirtieth. Five members of the MS thirteen gang have
been convicted in downtown, a lay of carrying out sometimes
grizzly murders to advance their standing in the gang. Prosecutors
(30:52):
say some of the murder victims were beaten, stabbed, shot, strangled,
and even thrown off cliffs in the Angelus National Forest.
Veterans will be celebrated at events around the south Land
this Veterans Day. Pasadena will be honoring the Late Medal
of Honor recipient and former resident Raymond G. Harvey. The
San Fernando Valley Veterans Day Parade steps off at eleven
(31:14):
eleven this morning along Laurel Canyon Boulevard. We're just minutes
away from Handle on the news this morning, flight reductions
go from four to six percent. Today. Let's say good
morning now to the host of How to Money every
Sunday right here on KFI. It's Joel Larsgard.
Speaker 4 (31:30):
Morning, Joel, Morning Amy.
Speaker 1 (31:32):
Okay, so we're forty four days away from Christmas, and
it's time to start thinking about what you're going to
get for who and how much you're going to spend.
And I was thinking, and I know people say I
talk about Christmas too much, but I think you got
a plan for it this year, because you know, budgets
are tightening.
Speaker 16 (31:46):
Yeah, and this is why my suggestion is always to
have a sinking fund and to start putting money in
at the beginning of the year. Right, So just a
little lesson upfront for Christmas twenty twenty six started in January,
truly starts saving for it. Because there's this new survey
from US News something like four and five Americans are
(32:07):
concerned they're not going to have enough money for gifts
this holiday season. And I know it's one of those
things that you don't necessarily want to set money aside
throughout the year because you're like, I'll figure it out
when the time comes. But when the time comes, you're
super tooper stressed and you're pulling out your hair because
you like, I don't have enough money to pay for
the gifts that I want to get for everybody, and
(32:27):
it's a really frustrating, tenuous situation. So the crucial thing
is to plan ahead so that you have the money
for the gifts. It's like saving four maintenance items for
your house, right you know they're going to come down
the pike.
Speaker 4 (32:39):
You know what's going to happen.
Speaker 16 (32:40):
Christmas comes every year, like it or not, and so yeah,
you're holiday spending, you need to be preparing for that.
Speaker 4 (32:47):
I think it's a crucial thing.
Speaker 16 (32:48):
Right now, we're getting really close to Christmas, and so
if you don't have the money to buy the gifts
that you typically buy for the people that you love,
now is the time. It's November eleventh, where we still
have enough time from Christmas where you can at least
have conversations with your family about, hey, here's my financial
priorities and actually buying it. Some of Christmas gifts isn't
(33:09):
going to fit into the budget this year. Can we
do some sort of secret standa for the adults? Can
we limit gifts in this way or that and or
dial back on the number of people you typically buy for.
Speaker 4 (33:21):
There are ways to kind of make.
Speaker 16 (33:23):
A pivot, but do it with an open conversation with
other members of your family, so you don't just show
up to Christmas empty handed and make everybody man okay.
Speaker 1 (33:31):
But then Joel, then tell me what you do if
you run into what I just did with my brother.
I literally had this conversation with him. I was you,
I was channeling you, and I said, Rob, I think
we should kind of cut back this year a little bit,
and he goes, oh, shut up, We're not cutting back. Okay,
I guess I'll go.
Speaker 4 (33:47):
Shop in to buy something nice for your brother at least.
Speaker 1 (33:50):
Right, you know, right, well, you know, I think that
One of the other things that's kind of awkward about
Christmas sometimes is like you're like, well, did I spend
enough on that person? And did I spend the equal
amount on that person? And I kind of I don't
play the money game so much. It's more like, try
to find something that you think that they would like,
and if one of them costs fifty dollars and one
(34:11):
of them costs one hundred dollars, that's okay. They don't
have to all be equitable.
Speaker 16 (34:16):
Yeah, and I think kind of what you're getting at
in that conversation is what you did was suggest hey,
maybe we should do this.
Speaker 1 (34:22):
I think any shut me down, and he shut you down.
Speaker 16 (34:25):
I think what people can really respond well to is saying, hey, listen,
I have these financial goals that I got to meet
and I cannot. I will not going to debt. I
do not want that credit card debt hangover in January.
Speaker 4 (34:37):
I've done it before. It really stinks.
Speaker 16 (34:39):
It takes months to get out of and twenty two
percent interest rates, Like, it's just not physically possible for me.
So can we shift in a way that allows me
to enjoy us, to enjoy Christmas together, but it prevents
me from going down that dark path of extensive debt
that I really don't need to be doing to make
this holiday season quote unquote great?
Speaker 4 (35:00):
What are other ways we can make this holiday season great?
Speaker 16 (35:02):
So like put pin it on yourself and say I
can't do it like we've been doing it and I
love Christmas. There's other like, for instance, my siblings, we
go out to an inexpensive dinner like that is our
sibling Christmas hang We don't get each other gifts and
so it's much less expensive because it's just a cheap
dinner and it's a great way to be together. I
(35:23):
think there are lots of options like that, and honestly,
people appreciate the honesty and the humility to be like,
I just can't do it this year.
Speaker 1 (35:30):
Yeah, okay, so be honest and have that tough conversation.
And one one quick question about you said, you know,
do that savings account which we're going to start in
January and set aside a little bit every month. Do
you need to have a dedicated account or do you
just keep track of it? Because I feel like if
I just put it in there and say it's there,
but it's intermixed with my other money, I might tap
into it.
Speaker 4 (35:50):
Yeah. Yeah, yeah, So that's a great question. I think
you can.
Speaker 16 (35:53):
If you're keeping a spreadsheet and you're keeping track of
your expenses and you're that dedicated, I think you can
keep it all in one place. One of my favorite things.
One of the reasons why I think Ally is actually
one of the best places to open a savings account
is because and a couple other people do this too,
but Ally does it well.
Speaker 4 (36:11):
I think they might have been first.
Speaker 16 (36:13):
The savings buckets that they offer are really great because
they allow you to toss money into certain certain buckets
that you have listed, like all, this is my vacation bucket,
and I'm putting one hundred and fifty dollars a month
into that. This is my Christmas bucket. I'm putting fifty
dollars a month into that. So I've got six hundred
bucks by the time Christmas rolls around, and I'm not
putting it on the credit card. So the buckets are
(36:34):
a great way to do it. There's also Monarch Money,
which is just recently changed our name to Monarch. It's
a great it's like Mint but for modern times, and
it's a great budgeting software that also simultaneously allows you
to kind of create those items the savings goals, but
it doesn't but you don't actually have to have an
(36:57):
account with buckets to take part in that. I like
that as a way to kind of mentally separate money
for different purposes.
Speaker 1 (37:05):
Right, Okay, and then before we let you go, this
is sort of a bookkeeping thing, but you say it's
super important, and that is beneficiaries make sure that they're
listed and they're the right ones.
Speaker 16 (37:16):
Oh, my goodness, this is so important. I can't even
tell you how important this is. And this is something
that we dealt with recently in my family with the
passing of my.
Speaker 4 (37:26):
Stepfather or my wife's stepfather.
Speaker 16 (37:29):
And he just the beneficiaries were listed incorrectly on some
really important policies like a life insurance policy. And this
is there was an article in the Wall Street Journal
about this just a couple of days ago. The beneficiaries
often who's listed as a beneficiary on your retirement account
or on your life insurance policy. It trumps what's in
your will, and most people they set it and forget it.
(37:50):
And maybe if they had if they opened this account
twenty thirty years ago, they haven't changed the beneficiary. They
haven't thought through who is should get this money if
I were to meet my untimely death. And so the
beneficiary is one of this crucial things. It takes a
couple of minutes to go in there and check and
to update if necessary, but make sure you know who's
(38:11):
listed as a beneficiar on all those accounts, insurance policies
and retirement accounts, so that, yeah, God forbid, if you
were to pass away prematurely, that money goes into the
right hands because if the beneficiary is listed incorrectly, it's
going to that person. Even if you're like, man, that
was my ex spouse. I didn't want them to get
the money. I wanted my current spouse to get the money. Sorry,
(38:31):
there's nothing you can really do about it after the
fact most of the time.
Speaker 1 (38:34):
All right, great advice as always from the host of
how to Money on KFI. It's Joel Larsgard, and you
can listen to more great financial tips and tricks when
you listen to Joel this weekend. He's on Sundays from
noon to two right here at KFI, and you can
also follow him how to Money Joel at how to Money. Joel.
Thank you, Joel Larcus Larsgard.
Speaker 4 (38:56):
Of course, thanks Amy, thank you.
Speaker 1 (38:59):
Okay. This is KOST HD two Los Angeles, Orange County,
live from the KFI twenty four hour newsroom. I'm Amy King.
This has been your wake up call. If you missed
any wake up call, you can listen anytime we're 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
(39:19):
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.
Medal of Honor: Stories of Courage
Rewarded for bravery that goes above and beyond the call of duty, the Medal of Honor is the United States’ top military decoration. The stories we tell are about the heroes who have distinguished themselves by acts of heroism and courage that have saved lives. From Judith Resnik, the second woman in space, to Daniel Daly, one of only 19 people to have received the Medal of Honor twice, these are stories about those who have done the improbable and unexpected, who have sacrificed something in the name of something much bigger than themselves. Every Wednesday on Medal of Honor, uncover what their experiences tell us about the nature of sacrifice, why people put their lives in danger for others, and what happens after you’ve become a hero. Special thanks to series creator Dan McGinn, to the Congressional Medal of Honor Society and Adam Plumpton. Medal of Honor begins on May 28. Subscribe to Pushkin+ to hear ad-free episodes one week early. Find Pushkin+ on the Medal of Honor show page in Apple or at Pushkin.fm. Subscribe on Apple: apple.co/pushkin Subscribe on Pushkin: pushkin.fm/plus
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com