Episode Transcript
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Speaker 1 (00:00):
You're listening to KFI AM six forty wake Up Call
with me Amy King on demand on the iHeartRadio app
KFI and KOST HD two Los Angeles, Orange County.
Speaker 2 (00:15):
It's time for your morning wake up call.
Speaker 3 (00:21):
Here's Amy King.
Speaker 1 (00:25):
Are we sure? Are we sure it's time to get up?
Speaker 4 (00:29):
Yes?
Speaker 1 (00:30):
Yes it is. It's five o'clock. This is your wake
up call for Wednesday, April twenty third. I'm Amy King.
We're live everywhere on the iHeartRadio app. I keep thinking
it's Thursday. Like normally, I don't know about you, but
weeks have been just flying by. I don't know if
it's because we're having fun or what's going on, but
(00:51):
weeks are just flying by. And then this week I
keep thinking it's Thursday. I'm like, no, cool, your you know, cool,
your jets same, it's only Wednesday. But that's okay. It
means we're halfway home. Halfway home. Here's what's ahead on
wake up Call. The LAPED is urging residents to be
careful following a series of so called distraction robberies. Police
(01:11):
say a man and a woman have been approaching people,
engaging them and complimenting their jewelry, and then police say
they offer to swap their jewelry for better jewelry and
somehow get the victims to let them put on fake
jewelry and steal the real pieces. A man in Long Beach,
seen on video lifting his dog by its leash, slamming
(01:33):
it onto the ground several times and kicking it, has
been arrested. Long Beach Police picked the guy up last night.
Police say the dog has been rescued. It's in the
care of Long Beach Animal Care Services. That video breaks
my heart. It's just gone viral. It's everywhere, and if
you haven't seen it and you don't like to see
dog abuse, don't watch it. It's just so infuriating. The
(01:57):
body of Pope Francis is lying in Steae at Saint
Peter's Basilica. The faithful will pass by for the next
couple of days to pay their last respects. The Pope's
funeral happens Saturday, starts at one am hour time. This
body will then be taken to the Basilica of Saint
Mary Major in Rome to be in tune. Okay, the
wildfires in Pasadena, more than ae hundred days out and
(02:20):
also Altadena are literally affecting the brains of people who
live in burn zones. We're gonna be talking to UC
San Diego professor Yo T. Mishra about a new study
about how the fires are making people think differently, really
interesting stuff. At five point twenty, we're going to be
talking tough times for TESLA, and ABC's Mike Tubuski says
(02:41):
something that has become a staple for video viewing is
turning twenty. At the bottom of the hour, Amy's on
it speaking of things that are more than twenty years old.
A throwback feel good movie I think you're gonna want
to watch. Let's get started with some of the stories
coming out of the KFI twenty four hour newsroom. The
LAPD has arrested a man accused of using a chainsaw
(03:03):
to cut down a bunch of trees in downtown LA.
Police released security video yesterday of a man on a
bicycle believed to have been responsible for the hackings. His
arrest was announced hours later. Investigator say he also cut
down trees in LA's Westlake District and in glasel Park,
Orange County Superior Court judge charged with killing his wife
(03:24):
in Anaheim Hills has been found guilty of second degree
murder seventy four year old Jeffrey Ferguson was convicted yesterday
in his retrial. Orange County DA Todd Spitzer tells cafe's
Tim Conway Junior that Ferguson could get forty years to
life in prison, possibly with the possibility of parole.
Speaker 5 (03:42):
I just want to caveat the public's expectation when you're
over fifty five, who end up being eligible in California
for elder parole.
Speaker 1 (03:50):
The jury in Ferguson's first trial deadlocked at eleven and one,
which forced the retrial. Ferguson is due to be sentenced
in June. A controversy over porn sign is getting heated
in Huntington Beach.
Speaker 6 (04:01):
Shines reading protect our Kids from Porn no On A
and B have appeared outside local elementary schools. The signs
were placed ahead of a June tenth special election on
two library related measures. Councilman Chad Williams, who leads the
pack behind the signs, defends them, saying explicit content is
accessible to miners in public libraries. Critics argue the claims
are exaggerated and have called for a formal investigation. Parents
(04:24):
are voicing concern about exposing young children to the term
porn without context. Hearings and debates over the measures are ongoing.
Heatherbrooker KFI News.
Speaker 1 (04:33):
DMV offices are packed as Californians rush to get their
real ID.
Speaker 7 (04:37):
To manage the number of people trying to get the
real ID before federal enforcement begins in a couple weeks,
state DMV offices have extended hours. DMV spokesman Himy Garza says,
if you don't have to get on a plane or
go to a federal building, it may be best to
chill out for now. Then we encourage you to use
those documents and wait to upgrade to a real ID
when you're driving. For renewal on May seventh, the federal
(04:59):
government building a real ID for flying and access to
federal property. Garza says that's not a deadline to get
a real ID. They will still be available after that date.
Michael Monks KFI News.
Speaker 1 (05:10):
Oh, thank you, Michael, Michael. I think that might have
been Jordana interrupting us. Let's say good morning now to
ABC's Giordana Millard. Jordana, we had two big leaders having
another conversation yesterday. Natanyahu and Trump spoke my phone.
Speaker 8 (05:29):
That's right, and we really didn't hear many details of
that conversation.
Speaker 1 (05:36):
He is reelly.
Speaker 8 (05:36):
Prime Minister's office didn't even put out a statement to
read out. Just Natano turned to Twitter and put on
this account, thank you very much, President Trump. Trump of
course put on his social media account that you know,
they had a good meeting. It was very positive there.
You know, they see eye to eye on all the
(05:58):
issues wrong, and they also talked about tariffs. There wasn't
in there a mention of the Gaza war or the hostages.
There really has been no movement on a ceasefire deal
over the Passover holiday. Hamas rejecting the latest partial agreement
(06:20):
that was put on the table by some of the
mediators and supported by Israel in the United States. Hamas said, no,
we're only interested in a full swap of all the
fifty nine hostages in return for an end of the
war and a full Israeli withdrawal. For many reasons, the
Israelis cannot do that, so we're kind of back to
(06:43):
square one. And in this conversation, you know, it's likely
that the President did mention, of course, the Gaza war.
He wants the hostages to come out and the President
that the Israeli Prime Minister has been threatening to really
intensify the military operation, even some in his cabinet openly
(07:03):
calling for a military takeover of the entire Gaza strip.
But that is likely not what the President wants. And
we are hearing that the Israeli Prime Minister is going
to wait and give another chance for negotiations, wait several,
you know, a couple at least a couple more weeks
(07:24):
and see what happens. And also wait and see what
happens between you know, the United States in Iran with
these new negotiations over Ron's nuclear program. Right, the Prime
Minister has certainly put in his two cents with the
President about some of Israel's concerns with the deal. And
(07:46):
you know, I think the Prime Minister is showing that
he's going to be patient and wait and see what
happens with those talks.
Speaker 1 (07:52):
And of course we'd be purely speculating if we throw
any conclusions. But to me, it sounds like if they
both said, hey, he had a good talk, but there
were no announcements in the White House didn't say anything,
and Natnahu's people didn't really say anything. It sounds like
they didn't really make any progress.
Speaker 3 (08:11):
Right.
Speaker 8 (08:11):
I'm not sure there was any progress made, but I
do think it's probably too early to talk about any
kind of really crisis between the leaders or major tensions.
I think President Trump has made it clear that he
wants Natamielle to do his best to get a hostage
deal before launching another massive military assault on Gaza. Remember,
(08:36):
right now, there are thousands of Israeli troops in the
Gaza Strip. They're mostly in the carved out and expanding
buffer zone all along the periphery of the Gaza Strip. Right,
they're pushing inwards, but there isn't massive ground combat right
now that and there, but there are deadly air strikes.
Speaker 9 (09:01):
Right.
Speaker 8 (09:01):
We're seeing an average of thirty to fifty people killed
a day, which is not a small number, but it's
not at the levels of major combat and war that
we saw, you know, through most of the war, the
first phase of the war, where up to two hundred
people were killed to day.
Speaker 1 (09:19):
Right.
Speaker 8 (09:20):
So the President I think is likely telling Natanyao hold back,
wait right now, you know, let's try to get a
deal and you know, keep your you know, far right
ministers who are pushing for war, you know, keep them,
you know, keep them in line. And you know I want,
(09:40):
you know, I want to see a deal only after,
you know, after everything's been exhausted.
Speaker 1 (09:46):
And I think the tragic thing about this Chartana is
as the two sides talk and then like you said,
Hamas rejected the last thing, I mean, it's and you said,
we're back to square one. It still sounds like both
sides are still stuck on what they were stuck on,
you know, a year ago when this started, and then
Palestinians continue to pay the price.
Speaker 8 (10:09):
Right well, I think the saddest part of this war really,
I mean, there's a lot of sad parts. I don't
want to put any group's pain above another's, because the
Israeli hostages have suffered tremendously. There are fifty nine that
are still there, their families are suffering. It has really
it is a festering wound in Israel, and it is
torn part of this country apart. But certainly the Palestinians
(10:34):
are also paying a very heavy price because they're dying
every day in this war now. And it's true that
among those killed, you know, very bad guys are killed.
Right there are Hamas militants and leaders killed, There are
Palestinian Islamic jihadis killed, there are weapons destroyed. But the price,
(10:56):
you know, there's usually at least for every one bad guy,
at least two to three innocent gossins that are killed, right, women, children,
the elderly. And this is you know, this is a terrible,
terrible price to pay, and they are you know, they
are paying it, and it you know, it has, it
(11:18):
has slowly been. The death toll each day again is
somewhere between thirty and fifty. And remember a lot of
gossins are living in tense cities. And as we saw,
for example, overnight, the Israelis hit a school that in
Gaza that you know, we're waiting for a statement from
(11:39):
the Israli Army to lay out who the target was.
But you know, in the end, that strike, you know,
it ignites tens where civilians are living, and then it
becomes you know, almost a kind of brush fire right
through the camps where people are living, and it's people
(11:59):
are porched and get killed. It's you know, it is
you know, horrifying.
Speaker 1 (12:05):
Yeah, all right, and I hate to leave it on
that note, but that's where we're going to leave it today.
Jordanna Miller, ABC, thank you so much for your information.
As always, talk soon, all right, let's get back to
some of the stories coming out of the KFI twenty
four hour newsroom. A belle ceremony has been held in
Rome as the coffin carrying the body of Pope Francis
(12:27):
has moved into Saint Peter's Basilica, where it will lie
in state for three days. The public will have the
chance to pass by and pay their respects before the
Pope's funeral on Saturday. Francis died early Monday. The conclave,
which is the process of choosing a new pope, has
to begin between May fifth and tenth. Russian President Vladimir
(12:47):
Putin has apparently offered to stop its invasion of Ukraine
along what is now the front line so different borders.
The Financial Time says it's part of efforts to reach
a peach deal, a peace deal. You and European officials
meet with Ukrainian officials today in London. Trump said on
True Social he hopes Russia and Ukraine will make a
(13:08):
deal this week. The government has submitted its status update
on the man who was living in Maryland and deported
to El Salvador. It follows President Trump's criticism of judges
who've ruled against his administration's effort to deport alleged Venezuelan
gang members under the Alien Enemies Act of seventeen ninety eight.
Speaker 4 (13:26):
We're getting him out, and a judge can't say no,
you have to have a trial.
Speaker 8 (13:31):
That let's the trial is going to take two years.
Speaker 1 (13:34):
He says. Thousands of people are all ready to be deported,
and you can't have a separate trial for each of them.
Security has been increased across Indian controlled Kashmir a day
after men with guns killed at least twenty six people,
most of them tourists. Indian forces have been searching for
the killers. Police called it a terror attack. A group
known as the Kashmir Resistance claimed responsibility in a social
(13:58):
media message. They claimed the people targeted were not ordinary tourists,
but were linked to and affiliated with Indian security agencies.
You may be able to order a red rum at
this hotel's bar.
Speaker 9 (14:11):
The hotel that inspired the horror classic The Shining is
making major upgrades. The new owners of the Stanley Hotel
in Colorado are tapping into municipal bonds to use nearly
three hundred million dollars to add more rooms and events
center and a horror museum curated by Blumhouse that's the
production studio behind numerous horror movies, including Halloween and Paranormal Activity.
No word on any special amenities in Room two thirty seven.
(14:33):
The goal is to take advantage of the Sundance Film
Festival relocating to nearby Boulder in twenty twenty seven. Mark
Ronner KFI News.
Speaker 1 (14:40):
I never saw the shining ooh, I know red rum,
I know those little things and he and Jack's back
and that kind of stuff. But no, no, nope, nope.
Speaker 9 (14:51):
All work and no play.
Speaker 1 (14:52):
Eh uh huh, all right. ICE agents have rounded up
and detained more than a dozen day laborers in Pomona,
sparking a protest from immigrant rights groups. ICE agents in
marked and unmarked cars took fifteen to twenty of the
laborers into custody yesterday morning. Outside the home depot, protesters
rallied yesterday afternoon to condemn the raid and remind illegal
(15:13):
immigrants they have rights if they're detained. One of the
most massive wildfires in the history of Ocean County, New Jersey,
is burned through more than eighty five hundred acres and
forced evacuations of thousands of residents. It's also burning close
to a closed nuclear power plant. Winds have died down overnight,
allowing fire crews to get lines around about ten percent
(15:34):
of the fire. Two Asian elephants at the La Zoo
are going to be moved to a new home. Animal
rights advocates have been fighting for years to let the
forty and fifty eight year old elephants live out their
lives in a wildlife sanctuary. Zoo officials say they will
relocate Billy and Tina to a newly expanded preserve at
the Tulsa Zoo in Oklahoma. A date for the move
(15:55):
has not been set. At six oh five to ten
Alon the News, the President says he has no intention
of firing FED chairman Jerome Powell. What's that going to
do to the markets? We will see. Let's say good
morning right now to ABC's technology reporter Mike Debuski. Morning, Mike,
good morning.
Speaker 2 (16:13):
How are you good?
Speaker 1 (16:14):
So yesterday first quarter earnings report for Tesla was released
and it was not a great one.
Speaker 2 (16:24):
It was not Yeah, revenues for this company. Automotive revenues
were down twenty percent. Total revenues for the company were
down nine percent and overall profits down seventy one percent.
Amy So this is not great for Tesla, obviously, a
hugely prominent electric vehicle manufacturer used to be the biggest
electric vehicle manufacturer in the world that has since been
(16:47):
surpassed by a Chinese company. Obviously, the CEO of that company,
Elon Musk, has been generating some controversy for his actions
at the Department of Government Efficiency, and this was our
first real indicator as to what effect Elon Musk is
having on Tesla sales. Obviously, we've seen major protest movements
crop up across the country at Tesla dealerships, Tesla charging stations.
(17:09):
This protest movement calls itself the Tesla takedown, and these
are people who are dissatisfied with Elon Musk's moves at
the federal government, his efforts to trim the federal workforce.
I've spoken to these protesters. They say Elon Musk is
an unelected billionaire wreaking havoc on our federal government and
on people's lives. And clearly that seems to be showing
up at Tesla's dealerships. For Tesla deliveries and sales, you know,
(17:33):
and you know, to say nothing of the stock price
of Tesla, which was down pretty dramatically yesterday though is
trading slightly up in pre market trading today, So wally
interesting to.
Speaker 1 (17:43):
See what happens with that as he exits his role
at doche because he had said one hundred days and
he's done, so that's like the end of April.
Speaker 2 (17:51):
Yeah, and he made sort of more you know, mention
of that yesterday after the earnings report was released. During
an earnings call, Lon Musk said that his work at
DOGE is pretty much done and that he plans to
step back. He was always a temporary federal worker, right
His status at DOGE was always had sort of this
time limit on it, and that time limit comes due
(18:13):
next month, so it seems like he's not going to renew.
He says his work is pretty much done, as I mentioned,
so yeah, it seems like he's going to take a
step back to focus a little bit more on Tesla,
which is facing a number of challenges right now. Aside
from sort of the controversies that its CEO connotes on
the brand, they're also facing increased competition from a sort
of resurgent establishment automakers both from here and abroad. The
(18:37):
sales are down in Europe, sales are down in China,
and he has mentioned that the tariffs that the Trump
administration has imposed on the automotive sector will have an
effect on the company, despite the fact that Tesla builds
all of its domestic market Tesla's here in Texas and
in California. They do say that the tariffs on components automotive,
(18:59):
you know, part are going to have an impact on
Tesla prices and therefore Tesla sales. So a lot of
challenges that this company's facing.
Speaker 1 (19:06):
Okay, so I want to move on because we have
a very important happy birthday.
Speaker 2 (19:11):
Yeah, that's absolutely right. Twenty years ago today was the
first YouTube video. It's hard to believe that this company,
this platform is now twenty years old, but yes, on
April twenty third of two thousand and five, this video
is called Me at the Zoo was uploaded to the platform.
Here's what it sounded like.
Speaker 1 (19:30):
All right, so here we are one of the elephants
in the neighbor.
Speaker 9 (19:34):
Cool things about these guys to think said, they have really, really,
really long.
Speaker 1 (19:40):
From thanks.
Speaker 2 (19:41):
So a pretty innocuous video. I think it's fair to say,
but that was Jawad Kareem. He was one of three
founders of YouTube uploading this video to the platform. Interestingly enough,
these are three ex PayPal employees who started a video
dating service. Essentially, this was their attempt to connect people
on the relatively early Internet, but they found that people
(20:03):
were using the video component of that dating service for
all kinds of things, so they decided to spin it
off into its own standalone video streaming platform called YouTube.
It quickly became very popular. By March of two thousand
and six, just a few months after that video was uploaded,
YouTube was hosting twenty five million videos. About twenty thousand
(20:24):
new videos were being uploaded to the platform every day,
and amy that required a lot of computing power. They
were also dealing with copyright claims from music studios and
movie studios mad that people were uploading copyrighted material to
the platform, so Google stepped in in two thousand and
six to acquire the company for one point sixty five
billion dollars. Now, according to Nielsen, Americans watch about a
(20:48):
billion hours of YouTube content every day.
Speaker 1 (20:50):
Well, Mike, I can tell you that I've already been
watching it because I had to pull a clip from
a segment that I'm going to do next. I had
to pull a clip from the show which I have
not seen and refused to watch. And also it's crazy.
Speaker 2 (21:03):
That's a great movie.
Speaker 1 (21:04):
It's so good a right, And then of course I've
got the big bear Egle Cam on YouTube and it's
live all the time in the thing because our little Eglitz,
Sonny and Gizmo are growing bigger every day. ABC's Mike Dubuski,
thanks so much, of course, Amy, take care right. LA's
taking steps to better track the money spent on the homeless.
Speaker 7 (21:23):
The city Council voted unanimously to have a report in
two months and then every quarter after. It would require
full details on homeless dollars spent by the LA Homeless
Services Authority, Mayor bass Is Inside Safe program and other initiatives.
A recent audit ordered by a federal judge found the
city had little to know oversight of how and where
it's homeless dollars are being used. The city has spent
(21:45):
billions in recent years, only to see the official number
of homeless people barely drop. Michael Monks KFI News.
Speaker 1 (21:53):
Hollywood workers are rallying behind a major push to expand
California's film and TV tax credit program.
Speaker 6 (21:59):
Over one hundred thousand letters have been sent to state
lawmakers urging support for SB six thirty and AB one
one three eight. These are bills that would boost tax
incentives to seven hundred and fifty million dollars a year
and widen eligibility for productions. The Entertainment Union Coalition says
the move is critical to keeping jobs in California as
productions flee to other states. Hearings on the bill began
on Tuesday and will continue this week. Opponents are skeptical
(22:21):
over whether more than doubling the incentive cap is the
most productive use of those funds. If approved, the new
program would make California's film incentives second only to Georgia's.
Heatherbrooker KFI News.
Speaker 1 (22:32):
The European Union has fined Apple five hundred million euros
and Meta two hundred million euros in separate digital cases.
Apple was accused of preventing app makers from pointing users
to cheaper options outside the app store. Meta was fined
for forcing Facebook and Instagram users to choose between seeing
ads or paying to avoid them. When Orange County Superior
(22:54):
Court judge has been convicted of second degree murder for
shooting and killing his wife at their home in Annah Hills.
Seventy four year old Jeffrey Ferguson had claimed it was
an accident, but the jurors didn't agree and returned a
guilty verdict in his retrial yesterday afternoon. Ferguson's first trial
ended with a hung jury. The Port of Long Beach
is expected to see a forty four percent drop in
(23:17):
cargo traffic because of President Trump's tariffs. The drops expected
for the week of May fourth. The Port of La
is also expecting a significant decline in traffic. The majority
of goods imported to southern California and handled by the
ports come from China. Catholics in LA will get a
chance to honor the late Pope Francis on Friday during
a noontime memorial mass at the Cathedral of Our Lady
(23:40):
of the Angels in downtown La. The mass comes a
day before Pope Francis's funeral in Rome on Saturday at
six oh five. It's handled on the news, RFK Junior
says it's time to ditch the dies to save our lives.
Bill's going to have something to say about that.
Speaker 9 (23:56):
Damie's it, Damie's ni Aami's on it, Ami on it?
Speaker 1 (24:06):
What am I on? While I'm on the stream. There's
tons of movies and TVs and TV shows and documentaries,
and how do you sort through it all? It's tough sometimes,
and I got to tell you, in randomly choosing things,
I've taken a dive into some real crappy shows. So
(24:28):
hopefully you can take my recommendations and we can find
some good shows and maybe save you some time and
hopefully you won't go into a binge of an awful show.
I've got a list in fact I should do. I
should do the like I don't know, streaming sucky streamers
or something less, because there's quite a few. This one
(24:50):
not one of them. It's kind of fun.
Speaker 10 (24:57):
This is Joe, missus Joe.
Speaker 8 (25:00):
Is this Joe talking.
Speaker 1 (25:02):
About Bridget Jones, Mad about the Boy. It's on Peacock
was released I think about a month or two ago.
Renee Zelwigger reprises her role as Bridget Jones and does
a good job. Like sometimes when they come back and
they do movies, they're the character. I don't know if
it's the actor has evolved or they've written the character
(25:26):
differently or they're directing them differently, but sometimes it doesn't
stay kind of true to what they were. This one
feels like it does, like she has evolved. The character
has evolved in her life because she's you know, twenty
years older. The first one came out in two thousand
and one and now it's twenty twenty five. But she
has made changes that I go, yeah, that could happen.
I could see how she would grow that way and
(25:48):
that kind of stuff. So that was that was I
think that they did a really good job with the
writing and the directing and keeping that kind of true
to the original character. Colin Firth and Hugh Grant are back.
The whole cast of characters is better, and I always
love the nostalgia of that. It's kind of like Cobra Kai,
where the whole cast gets reunited at some point. This
one not a serious though. This is just this is
(26:08):
a movie, so it's just you know, an hour and
a half, two hours of your time. So Renee is
still bridget although she seems more comfortable in her skin.
I was talking about how she's kind of evolved. She's
not quite as awkward as the original but that makes sense.
You know, it's twenty four years later, although in the
movie I don't think that much time is passed because
she's got kids and they're really young. But maybe anyway,
(26:31):
it's Bridget trying to navigate the world and to fine love.
And I'm not giving anything away because it happens in
the first couple of minutes that you realize that that
mister Darcy is gone, tragically killed doing good deeds as
he is wont to do. There are fewer cringe worthy
moments than in the original. I just remember I loved
Bridget Jones, but there were so many scenes that you
just go, oh God, Bridget, no like, you know, worse
(26:54):
nightmares of social awkwardness. It is predictable, but it's sweet,
it's fun, it's it's a feel good watch. And if
you just have a couple hours, and especially if you
just want to curl up on the couch and feel
good about things, I think this is a good one
for you to watch. I'm on it. I think you're
gonna want to be on it too. Oh and be
sure to watch the credits. Most fun part of the credits.
(27:15):
I'm not going to tell you what it is, but
the credits are great, So on that one, you know,
and streaming that goes to the small screen and you
can't barely see the credits or it moves on to
the next thing. Make sure you watch the credits on
this one. It's Bridget Jones mad about the boy. It's
on Peacock. Time to get in your business now with
Bloomberg's Courtney Donaho Morning, Courtney, good morning. How are you
(27:36):
feeling about the wild ride today?
Speaker 3 (27:39):
Oh?
Speaker 4 (27:40):
I'm feeling a lot better because markets are looking good today.
Speaker 1 (27:43):
You came back from vacation at just the right time.
Speaker 4 (27:45):
You know what I think, Because I came back from vacation,
the markets are doing much better.
Speaker 1 (27:50):
We're joking. But see, here's the problem.
Speaker 4 (27:53):
The White House has been recently ratcheting up the pressure
on the Federal Reserve to cut interest rates, and that
costs so much time urbulence. We always talk about the
feeder Reserve being independent from the White House, being independent
from politics. So Wall Street got nervous about that, and
yesterday President Trump he dialed it back. He said there
is no plan to fire Chair J. Powell, And that's
sending stock soaring this morning. And this report is sponsored
(28:16):
by Fidelity wealth Management but also helping. The President says
he plans to be very nice to China in any
trade talks, and that's a sign that he may be
backing down from his tough stance on Beijing. So this
morning we're looking at Dow futures and if we open
right now, we would be up about seven hundred and
sixty points. When it comes to the Dow, SMP futures
are gaining about two and a half percent, so a
(28:37):
nice pop there, and this is building on a big
move higher for Wall Street yesterday. The Dow sword oney
seventeen points, so a really nice boost. Yesterday the S
and P five hundred jumped two and a half percent
because the White House has been saying it's been in
talks with a lot of nations over tariffs and that
the negotiations have been going well.
Speaker 1 (28:56):
I'm an amazed courtney By. It used to be that
stocks to be up five points, down, twenty points, up,
twelve points, down seven points, but now we're seeing these
massive swings of a thousand or more points.
Speaker 4 (29:09):
Yes, because traders are desperate at this point, and any
time that there's a headline in when it comes to
tariffs and tariffs mean uncertainty. Anytime the White House talks
about the Federal Reserve and that they plan to step in,
that's uncertainty. Wall Street hates uncertainty and that will send moves.
So that's why for a long time, even when the
(29:32):
President was coming into office and stuff, there weren't any
big headlines that kind of made everybody go, well, I
kind of need to change what my portfolio looks like,
or I need to change where my trading stands at
this point. So when we see these big moves when
it comes to trade, when it comes to the stance
of where the United States is in result to trade,
(29:55):
that's why we're going to see these big moves higher
or lower.
Speaker 1 (29:58):
Okay, here's another headline. Tessa Tesla has hit some tough
times according to its most recent earning support. Yeah, no
doubt about it.
Speaker 4 (30:05):
But shares are popping higher in the pre market, rising
more than seven percent. Here's the reason. Elon Musk says,
I'm going to pull back significantly from my work with
the government and I'm going to devote far more time
to the carmaker. So that's making investors really happy this morning.
Tesla definitely has been struggling under the weight of slumping sales,
(30:25):
rise and costs. Yesterday, the car maker missed Wall Street
estimates for both revenue and earnings, and management backed away
from earlier predictions that vehicle sales will return to growth
this year. But the problem is his political activities that's
alienated a lot of customers. It did some damage to
the Tesla brand, and that's why we're seeing some pain
(30:46):
when it comes to the numbers that a Tesla keeps
bringing to Wall Street.
Speaker 1 (30:50):
Okay, and then Intel is also go to has hit
some tough times and what are the repercussions of that.
Speaker 4 (30:56):
Yeah, they've been struggling for a while. They've been working
on a turn and around strategy after years of seating
grounds rivals. But this morning we might be seeing some
job cut. Sources are telling us here at Bloomberg that
the chip maker is planning to slash more than twenty
percent of its staff. So it's also been struggling to
catch up in artificial intelligence, computing in vidious kind of
the King and all of that, and they really kind
(31:19):
of missed the ball on everything. We reached out to
Intel to get a little bit of insight. They declined
to comment on all of this, but they've they've been
definitely cutting jobs, trying to realign their management to move
into a new focus for themselves for the future.
Speaker 1 (31:34):
And when a company announces cuts like that, does that
generally help their stock or hurt their stock?
Speaker 4 (31:40):
Sometimes it usually ends up helping the stock because it
looks in a lot of times that means costs are
coming down. Unfortunately, it hurts for the workers, they're feeling
a lot of pain out there, but for investors that means,
all right, well, something that is costing a lot of
overhead is going to come down a bit. They can
take that money and plow it into other parts of
(32:00):
the business and especially in this turnaround strategy that they're
trying to do, and what they want to do in
all of this is to really streamline management, really rebuild
this engineering driven culture that that kind of has been
missed for a good long time.
Speaker 1 (32:15):
You mean what they started out as, yes, ha ha aha,
all right, Bloomberg's Courtney Donahoe getting in your business every
morning at five forty. Let's do it again tomorrow, shall we?
Speaker 2 (32:26):
No doubt about it?
Speaker 1 (32:26):
See tomorrow? Thanks Courtney. Let's get back to some of
the stories coming out of the KFI twenty four hour Newsroom.
The cost of a building project at the state capitol
has nearly doubled. The initial estimate for the capital annex
was just over five hundred and forty three million dollars.
That was twenty eighteen. Well now the project's expected to
cost over a billion dollars. That's roughly the same as
(32:48):
it costs to build Levi's Stadium south of San Francisco,
where the forty nine ers play. The building will provide
offices for lawmakers and the governor, meeting rooms, and a
parking garage, all paid for by taxpayers. It'll also provide
private hallways so lawmakers can avoid journalists, lobbyists and the public.
The so called doomsday mom, convicted of helping to murder
(33:08):
her children in Idaho, has been found guilty in Arizona
of conspiracy to murder her fourth husband. ABC's Alex Stones's
jurors were pulled by the judge yesterday after announcing their verdict.
Speaker 5 (33:18):
They all said that yes, that is what they agree with.
That is what they decided on. After about six hours
of deliberating. She sat Lori Valodabel in the courtroom, not
showing a lot of emotion. Or long blonde hair. She
walked in with a whole bunch of documents.
Speaker 1 (33:33):
Da Bell represented herself in court. She's facing another possible
life sentence on top of the three she's already serving
in Idaho, but she won't be sentenced in Arizona until
after her trial in another alleged murder conspiracy. Lobby groups
in California spent five hundred and forty million dollars to
influence the state government just last year. Kfi's Dina Kodiac
says that's up more than ten percent from twenty twenty three.
Speaker 10 (33:55):
Key contributors included Google, oil firms and utility companies. Western
States Petroleum Association spent over seventeen million, influencing two thirds
of the eighteen bills at backed.
Speaker 1 (34:06):
She says Google spent more in twenty twenty four than
it did in the last twenty years combined. The body
of Pope Francis is now lying in state at Saint
Peter's Basilica. Governor Newsom has called out the Democrat Party,
saying it hasn't reflected on the mistakes it made during
the twenty twenty four election. He said in an interview
with The Hill, Democrats should be open to listening. Hollywood
(34:28):
workers are pushing to expand California's film and TV tax
credit program. More than one hundred thousand letters have been
sent to lawmakers and supportive bills that would raise annual
tax incentives to seven hundred and fifty million dollars and
also increase eligibility. Let's say good morning now to you
see San Diego professor got Mishra. Good morning, doctor Mishra.
Speaker 3 (34:52):
Good morning Amy. It's good to be here.
Speaker 1 (34:53):
Thank you so much for joining us this morning. There's
a new study out and it really caught my eye
because so oh many people in southern California have been
affected by the wildfires and Pacific Palisades and Altadena. I mean,
thousands of people lost absolutely everything, and we had been
talking at the time and after that, the effects of
(35:14):
the fires are going to be much more far reaching
than we can even imagine. And your research shows that
trauma suffered by wildfire victims is even affecting how we think.
Speaker 3 (35:26):
That's correct.
Speaker 1 (35:27):
Okay, can you tell us a little bit about your
research and what you've found out.
Speaker 3 (35:33):
Sure, we have been studying California's deadliest wildfire, Todate, the
campfire from twenty eighteen that really wiped out the town
of Paradise. For many years now and we've looked at
mental health impacts that include symptoms of post traumatic stress disorder, anxiety,
and depression, and we've shown that alongside these mood symptoms
(35:57):
that can also be cognitive impacts. In twenty twenty three,
we published a first study showing that individuals who are
exposed to the buyers are highly distractable. They're unable to
pay attention to the task at hand, and everything in
the environment seems really threatening and so everything is salient
(36:21):
and the individual feels highly distractable to that information. Now,
we also want to study that how all of this
cognitive impact then plays out on decision making. Every day,
we have to make important decisions and we have to
(36:44):
really track information to say what is the better decision
for us in the long term. I've given the examples
of say you want to take on a job right now,
which may be a small time job, versus say you
want to get some education and then get a bigger
job later on, and you have to make that important
(37:07):
decision for yourself what is better for you in the
long term. Similarly, people who are in disaster recovery, you
have to make many important decisions for rebuilding. Therefore, studying
decision making is very important, and we found that that
ability specifically impacted in people who are directly impacted by
the fires, directly exposed to the fires, and this impact, unfortunately,
(37:31):
can be long lasting, even when people had experienced the
fires a year before this decision making impact was observed.
Speaker 1 (37:42):
Okay, and doctor Mischer, so you're saying it's impacting decision making.
Is it that people can't make decisions, can't stick to decisions,
or are making bad decisions, or all of the above.
Speaker 3 (37:57):
It's more that they're making bad decisions, making decisions that
are more impulsive that would be beneficial in the short
term but not beneficial in the long term.
Speaker 1 (38:08):
Okay, And so why is this happening. Is it because
there's too much up in the air and because they've
lost everything and they just don't know which direction to turn,
and so, like you said, they might make something more
impulsive to get a quick fix as opposed to thinking
it out for the long term.
Speaker 3 (38:28):
Yes, that why is part of the research. We've shown
that brain function can really be impacted after suffering a
catastrophic event in fact, this has been called the fire
brain phenomena, where the brain really gets hyper aroused, hyper alert,
(38:48):
and it's almost as if it's highly active and looking
out for threats all the time, even though they're no
longer threats. After the fire, the brain stays in that
wired state and is unable to make the right decisions
even though it's trying to make that effort. And this
effect can be long lasting. And these brain impacts then
(39:13):
are making our cognitive abilities worse.
Speaker 1 (39:17):
That's so interesting, and doctor Mischrad, this affects I mean
tens of thousands of people directly, and then thousands more
family members and friends who know people who've lost homes
and that kind of thing. So is there anything that
you can give give some advice on, like how do
you choose to make better decisions?
Speaker 3 (39:40):
Absolutely? I think personally, I think this is a time
when we make decisions together with the family members. I
would really recommend people not make important decisions, especially where
they have to choose between options that that are good
(40:00):
for now versus good for the long term. Those kinds
of decisions, critical decisions, rebuilding, recovery decisions, those kinds of
decisions they should make with friends and family together. Especially
also people who have not been impacted by the fires.
Really take the recommendations of those family members in mind.
(40:22):
All community families and friends are here to help people
who have suffered from such unfortunate disaster impacts, and our
study really highlights that we should be out there helping
out our community members making important decisions.
Speaker 1 (40:38):
It takes the village. Doctor Giochi mishra At, UC San Diego,
thank you so much for the information. As I said,
I came across this and I was like, wow, I mean,
we just still don't know how much these fires are
going to affect people now and for years to come.
So thank you so much for the information. We appreciate it.
Is there somewhere we can find out more information about it?
(41:00):
Find the study.
Speaker 3 (41:03):
Yes, the paper was published in Nature Scientific Reports in
mid April and it's freely available. And yeah, thank you
for spreading the word about it.
Speaker 1 (41:14):
All right, thanks again, doctor Goochi mishra At, You see,
San Diego, isn't that just so fascinating? Like you physically
cannot make good decisions? Have an excuse except you're not
affected by the wildfires.
Speaker 9 (41:28):
Oh true?
Speaker 1 (41:29):
All right? This is KFI and kost HD two, Los Angeles,
Orange County, live from the KFI twenty four hour newsroom.
I'm Amy King. This has been your wake up call.
If you missed any wake Up Call, you can listen
any time on the iHeartRadio app. And if you've missed
any of that last interview with doctor GOOCHI mishra At
(41:50):
you see San Diego fascinating research about how the wildfires
affected our brains. Can listen to it 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 kf I
Am six forty and anytime on demand on the iHeartRadio app.