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Speaker 1: Good afternoon, getting right down to business here. We're doing

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Speaker 1: it live, doing more at four weekday afternoons. Motech on

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Speaker 1: Money Live on the air seven ninety KBC streaming live

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Speaker 1: online worldwide at KBC dot com and YEP. The on

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Speaker 1: demand Motech of Money Podcasts KBC dot Com, Apple, iTunes, YouTube, Spotify,

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Speaker 1: all your favorite podcasts platforms. Positive starts the new week

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Speaker 1: on Wall Street with President Trump announcing the US military

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Speaker 1: with postpone strikes on Iranian power plants and energy infrastructure

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Speaker 1: for five days. Following what he called productive talks between

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Speaker 1: Washington and Iran, President said Steve Whitkoff and Jared Kushner,

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Speaker 1: two of his leading envoys, began talks over the weekend

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Speaker 1: that would continue today. Presidents said a deal with Iran

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Speaker 1: would prohibit nuclear weapons and involved regime change. He then

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Speaker 1: said Iran wants to settle the war now, according to

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Speaker 1: The Wall Street Journal, Iran's Foreign ministry denied Tehran was

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Speaker 1: in talks with the US, according to state media, but

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Speaker 1: acknowledged countries in the region. We're trying to get diplomacy going.

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Speaker 1: Official state they'd been talking separately with both sides, but

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Speaker 1: that Iran has set a high bar for ending hostilities.

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Speaker 1: They're now coming in for a closing game today of

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Speaker 1: six hundred and thirty one points, the S and P

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Speaker 1: five hundred, of seventy four the NASDAC game nearly three

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Speaker 1: hundred points. The yield and the tenure note is up

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Speaker 1: there now at four point three to five percent, the

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Speaker 1: holatility index pulling back by two percent today, Gold back

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Speaker 1: to forty four hundred and sixteen and change oil. It's

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Speaker 1: been all over the place right now at eighty eight

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Speaker 1: ninety eight a barrel in New York. US forces have

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Speaker 1: struck more than nine thousand Iranian targets since the war

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Speaker 1: started on February twenty eight, according to the US Central Command,

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Speaker 1: which is responsible for the US military in the Middle East.

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Speaker 1: The US has damaged or destroyed more than one hundred

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Speaker 1: and forty Iranian ships. According to sent Com, looks like

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Speaker 1: Brent crude futures filled below one hundred dollars a barrel

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Speaker 1: in London and hopes that energy flows through the state

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Speaker 1: of Straight of Horne moves could soon recover. Rehn crude

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Speaker 1: is the international benchmark and is back down to or

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Speaker 1: just below one hundred dollars of Beryl. Iran threatened wider

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Speaker 1: attacks and infrastructure, including fuel tech and desantle nation facilities

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Speaker 1: used by the US and the region if its energy

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Speaker 1: sites were hit to Iran also warning it would lay

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Speaker 1: mines across the entire Persian Gulf if its coast or

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Speaker 1: islands were attacked. Meanwhile, Israel launched a new wave of

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Speaker 1: attacks on Iran overnight. Israeli Prime Minister Nathan Yah, who

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Speaker 1: said he spoke with President Trump about an agreement to

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Speaker 1: end the war with Iran and the International Energy Agency,

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Speaker 1: said the conflict in the Middle East is delivering a

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Speaker 1: heavier blow to global oil markets what we saw during

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Speaker 1: the Twin oil shocks back in the nineteen seventies. Travel

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Speaker 1: related stocks, including airlines and cruise lines, rallied today after

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Speaker 1: the President postponed his deadline for more strikes than Iran,

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Speaker 1: saying the two countries had held very good and productive talks,

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Speaker 1: something Iranian media reports rebuffed. Looks like airline stocks moved up,

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Speaker 1: a cruise line stocks moved higher. Rental car company stocks

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Speaker 1: also moved higher. We did see this situation in New

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Speaker 1: York at New York City's LaGuardia Airport reopening today hours

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Speaker 1: after a runway collision between a passenger jet and an

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Speaker 1: emergency vehicle a fire truck killed two pilots and injured

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Speaker 1: dozens of other people. The pilots of the Air Canada

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Speaker 1: Express plane were killed in the crash, and forty one people,

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Speaker 1: including passenger's crew and two aircraft rescue and fire fighting officers,

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Speaker 1: were taken to the hospital, according to the New York

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Speaker 1: Port Authority. Meanwhile, security lines stretching for hours today at

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Speaker 1: US airports were unpaid TSA screening agents refused to report

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Speaker 1: for duty, and ICE agents deployed by the President were

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Speaker 1: reportedly seen in a dozen cities. President ordered their deployment

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Speaker 1: during a partial government shutdown that has disrupted air travel nationwide.

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Speaker 1: We'll get an update and all that on the government

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Speaker 1: shutdown and where things stand, as well as an update

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Speaker 1: on tax issues with more billionaires fleeing California. Grover Norquist,

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Speaker 1: president of American's retax reform, will be joining US live

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Speaker 1: from Washington later this hour. The war in the Middle

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Speaker 1: East has prompted the US State Department to issue a

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Speaker 1: security alert, urging American citizens worldwide to exercise increased caution.

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Speaker 1: Security is also being stepped up here in the Los

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Speaker 1: Angeles area I'll talk about that. I'll talk about it

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Speaker 1: with the honorable denisign former La City Council member, retired

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Speaker 1: LAPD Sargeant with fifty plus years of service to the

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Speaker 1: City of Angels. But first on your money, the markets,

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Speaker 1: the economy, the whole works. Now joining us live top

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Speaker 1: rank money manager Ken Widens, President and Chief Investment Officer

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Speaker 1: at Winen's Investments at Winensinvestments dot com. Ken Widen's also

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Speaker 1: a market historian, author of numerous books. His latest his

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Speaker 1: Investment Atlas three, Creating Wealth using historical Trends. Also forms

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Speaker 1: magazine contributor. He's got his crypto credentials due He's hosted

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Speaker 1: Winning with Winans podcasts and The Wealth Minute features heard

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Speaker 1: on your favorite station, seven ninety KBC. Ken Windings, thank

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Speaker 1: you very much for taking the call live with this

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Speaker 1: yer this afternoon.

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Speaker 2: Well, good afternoon, Frank, and what a joy it is

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Speaker 2: to finally have an update in the market for you

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Speaker 2: and I to talk about instead of all the nasty news.

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Speaker 2: And you know it's important to bring up this wasn't

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Speaker 2: just an upday more or than that, it was a

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Speaker 2: broad based rally day. Pretty much every industry group in

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Speaker 2: the end that we would count for the S and

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Speaker 2: B five hundred or for any of those groups were

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Speaker 2: up today, and that has been very unusual to see

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Speaker 2: really for a good part of this quarter. Not to mention,

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Speaker 2: you do want to watch things such as what I watch,

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Speaker 2: you know, the level of volume in the markets, the

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Speaker 2: number of advancing issues to declining issues. There were even

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Speaker 2: some stocks that managed to squeak out record highs today.

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Speaker 2: So this was a very convincing rally.

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Speaker 1: All right. All this focused, of course on what's happening

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Speaker 1: between the US and Iran. You're a market destroying and

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Speaker 1: based on what we've seen with the oil price moves,

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Speaker 1: a lot of a nervousness of course with consumers as

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Speaker 1: well as businesses. We did see an impressive rebound among

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Speaker 1: the travel names today. And how do you see this

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Speaker 1: playing out with comparisons being made to what happened during

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Speaker 1: the oil shocks during the nineteen seventies today, you know,

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Speaker 1: it's a little.

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Speaker 2: Temper to do. I mean, we obviously have energy stocks

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Speaker 2: on a tear still they're doing great, which is what

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Speaker 2: happened in the nineteen seventies. You also had a lot

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Speaker 2: of other commodity type companies and food processing companies also

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Speaker 2: do very well in the seventies as they are now.

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Speaker 2: But there is a big difference between these conflicts. You know,

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Speaker 2: back then for those of us that remember when the

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Speaker 2: hostages were taken, and you know, it was very much

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Speaker 2: a game of defense. It was on the tail end

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Speaker 2: of an administration, being the Carter administration. This is midterm

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Speaker 2: of the second Trump administration. So there are some differences.

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Speaker 2: But Frank, I will tell you this, and I think

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Speaker 2: as much as the geopolitical news, and certainly that mess

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Speaker 2: at the airports, which over the weekend, by the way,

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Speaker 2: I didn't want to congratulate you on a fantastic gala

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Speaker 2: for the Union Rescue mission. It was fantastic, but you know,

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Speaker 2: the airports were just a jumbled up mess, as I

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Speaker 2: found going back to Las Vegas, and there's a lot

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Speaker 2: of things like that. But in spite of all of it,

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Speaker 2: there's a lot of talk now about earnings coming out.

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Speaker 2: What you're going to start showing up here really in

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Speaker 2: the next three to get really three weeks, and if

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Speaker 2: you want to look at a driver that could really

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Speaker 2: begin to overtake even the geopolitical and the political news,

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Speaker 2: it could be that we find out that American corporations,

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Speaker 2: in spite of the tariffs and the war, are doing

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Speaker 2: very well. And I think this rally today is telling

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Speaker 2: us some of that, because there were names that were

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Speaker 2: rallying that in the middle of a war necessarily wouldn't on.

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Speaker 1: They're live with Tom brank Bunty manager Ken Winen's president

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Speaker 1: of Winans Investments dot com. It was great seeing here

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Speaker 1: in Los Angeles over the weekend of that fabulous gallop

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Speaker 1: was speaking to Mark Hood, the CEO of the Union

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Speaker 1: Rescue Mission today is very grateful for your presidence here

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Speaker 1: and your support of URM. And what an amazing gathering

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Speaker 1: of a business and civic leaders that was over the weekend.

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Speaker 1: And certainly people were talking to you, Ken, eager to

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Speaker 1: meet you and talking about the markets and the economy.

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Speaker 1: What were you telling them this weekend?

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Speaker 2: You know, it was interesting. Well, of course I was

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Speaker 2: the only guy there with a cowboy hat.

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Speaker 3: Two.

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Speaker 2: I saw that they were carious about Hey, it is

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Speaker 2: a western state. We are still that western state.

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Speaker 3: You know.

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Speaker 2: Here's the thing I think at the end of the day,

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Speaker 2: I mean, I'm still looking at the simple fact of

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Speaker 2: the matter of my stock index, which looks at older

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Speaker 2: legacy stocks as I call them, Sixty percent of the

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Speaker 2: components of that index are still above their two hundred

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Speaker 2: day moving average. That's very powerful. That tells you that

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Speaker 2: in spite of all this news, there are still individual

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Speaker 2: companies that are finding way to go, even financial stocks.

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Speaker 2: But I have to tell you the other thing that's

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Speaker 2: one of my great surprises is that as much as

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Speaker 2: we talk about tech and we talk about industry and

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Speaker 2: energy stocks, the group that has the largest number of

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Speaker 2: components above its two hundred day moving average, better known

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Speaker 2: as in and up trend, after energy, is the utility

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Speaker 2: telecom sector. That has blown my mind. That group, in

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Speaker 2: spite of everything, is up eight percent on the year.

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Speaker 2: And remember that group pays a very hefty dividend. So

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Speaker 2: I've doubt that many people have even talked about utilities

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Speaker 2: socks lately. But again, when you start talking about AI

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Speaker 2: and nuclear power and you know all these you know, solar,

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Speaker 2: all these things, it goes back to the utilities. And

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Speaker 2: I think it's time for people to begin to put

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Speaker 2: their list together and get ready for earning season, because

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Speaker 2: I do think that the leadership is going to be

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Speaker 2: shifting around. But that's what I told people Frank, is

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Speaker 2: you know this rally and any future rally going through

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Speaker 2: the rest of this year will be different than last year.

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Speaker 4: All Right.

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Speaker 1: You probably got a lot of questions about gold and

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Speaker 1: silver too. With goldback around forty four hundred an ounce,

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Speaker 1: what about one thousand dollars below the recent whole time high,

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Speaker 1: and silver also taking hit from it's a recent high

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Speaker 1: below seventy dollars announce here now still of course hit

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Speaker 1: historically high, but below seventy once again. What are your

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Speaker 1: thoughts about these epic moves on the up and downside?

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Speaker 1: Now for the precious metals, you know what.

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Speaker 2: It became what we call in commodities, a very crowded trade.

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Speaker 2: Everybody in their grandmother was buying it. And you know

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Speaker 2: it's not just gold and silver, Frank, it's also platinum, copper, palladium.

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Speaker 2: The entire metal complex, as we call it, is basically sliding. Now,

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Speaker 2: there's a couple of ways to look at this, and

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Speaker 2: I mean, you know, one of the things I've learned

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Speaker 2: is in the heat of investment battle is not a

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Speaker 2: good time to be sitting there and contemplating what's going on.

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Speaker 2: You need to follow your discipline. But I do think

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Speaker 2: what we're going to find is there's been a lot

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Speaker 2: of talk about gold being sold by Middle Eastern countries

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Speaker 2: to pay their bills, because, let's face it, they can't

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Speaker 2: sell oil and natural gas right now, you have that

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Speaker 2: going on. Actually, another interesting story that came up, the

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Speaker 2: state of Wyoming was actually stockpiling gold the actual treasury

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Speaker 2: of Wyoming. They've stopped. So the point is this, I

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Speaker 2: think there's a lot of people said, you know what,

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Speaker 2: we have enough right now, We've got plenty. There's a

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Speaker 2: lot of things going on in the world world, and

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Speaker 2: last but not least, it never gets talked about our

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Speaker 2: ugly old green back currency. The dollar is actually strong.

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Speaker 2: It's actually, in spite of all the bad news, it

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Speaker 2: is up three and a half percent on the year.

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Speaker 2: And when you have a strong currency, it takes pressure

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Speaker 2: off people feeling the need to buy things like gold

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Speaker 2: and silver.

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Speaker 1: All right, and ironically, bitcoin, so called digital gold. I'm

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Speaker 1: performing gold lately right now. A bitcoinsco is still well off,

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Speaker 1: it's all time high, but above seventy thousand here as

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Speaker 1: we start the new week. Etheroereum is above twenty one

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Speaker 1: hundred doze at nine cents. So what about the moves

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Speaker 1: in the cryptos we've seen lately.

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Speaker 2: You know, here's a you know, it's great you bring

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Speaker 2: it up, Frank, because there's only a handful of people

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Speaker 2: who do. And you know, here's again a situation where

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Speaker 2: you know, Bitcoin is up about eight percent on the month,

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Speaker 2: a theoreum is up about five. There's still way off

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Speaker 2: from where they started the year. But I brought up

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Speaker 2: a couple of weeks ago that although you never are

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Speaker 2: trying to take a stab at saying it's the low,

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Speaker 2: but I did feel that Bitcoin and really all the

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Speaker 2: cryptos had been over sold and some of the real strong,

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Speaker 2: savvy people are starting to buy them again. I think

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Speaker 2: for the average investor, I would let things calm down,

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Speaker 2: because again, it's a very volatile thing. It's like saying, hey,

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Speaker 2: I want to go buy. As people have learned the

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Speaker 2: hard way, gold and silver are a two edged sword.

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Speaker 2: They go up and they can come down very fast.

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Speaker 2: That's the same with crypto. I think right now, with

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Speaker 2: any of the commodity plays, you have to be aware

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Speaker 2: that it just takes one headline to shift everything around

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Speaker 2: for a day, and it can get pretty bloody. But

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Speaker 2: I do think that you probably have seen the relative

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Speaker 2: lows in the cryptos for a while, but I think

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Speaker 2: it's still going to take some time to build up

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Speaker 2: a rally. But Frank, it's all again tied to what's

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Speaker 2: going to happen as we go into next month and earnings,

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Speaker 2: And I'm a most including the crypto company earnings, what's

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Speaker 2: going to happen with them? They are financial stocks, Financial

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Speaker 2: stocks have been under pressure. Will be fun to see

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Speaker 2: what comes out of the entire group.

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Speaker 1: All right, it's hard to ignore the yield and the

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Speaker 1: tenure note, which we note here as of course something

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Speaker 1: that impacts fixed rate mortgage rates that's suddenly shot high

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Speaker 1: to four point three five percent, and that appears to

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Speaker 1: be getting a lot of attention. Now, what what are

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Speaker 1: we to make of what's happening with these bond yields

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Speaker 1: rising just at the time when the spring home buying

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Speaker 1: season begins and all that mortgage rates have edged up,

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Speaker 1: And certainly that that's an important reaction we've seen it

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Speaker 1: in the financial markets to.

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Speaker 2: All this, absolutely, And I would also bring up to that,

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Speaker 2: you know, when you talk about bonds, you got to

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Speaker 2: talk about bond mark its meaning you know, there's corporate bonds,

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Speaker 2: there's treasury bonds, there's municipal bonds, and you're seeing some

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Speaker 2: weakening across the board. The treasury move is very geopolitical.

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Speaker 2: It's tied to I mean, let's face it, a lot

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Speaker 2: of these central banks around the world own you as debt,

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Speaker 2: they have it in their reserves. There's probably some shifting

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Speaker 2: around in that, so you see that going on. But

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Speaker 2: you know, there's also a lot of stories out and

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Speaker 2: probably anybody who's in public finance, whether it's the City

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Speaker 2: and County of Los Angeles, state of California, or for

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Speaker 2: that matter, any other state in the country, you're probably

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Speaker 2: getting a little nervous because this is about the time

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Speaker 2: when a lot of the rating agencies begin to rate

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Speaker 2: municipal bond paper. A lot of the missipalities have June

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Speaker 2: fiscal year ends, and so a lot of these companies

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Speaker 2: begin the independent rating agencies start looking at things starting

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Speaker 2: this month going for the full Coward. So again, with

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Speaker 2: all that being said, you're looking at the possibility that

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Speaker 2: we are probably going to start looking at some serious

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Speaker 2: revisions in California paper. At least that is my opinion

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Speaker 2: based on some of the research I've done, and I

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Speaker 2: think again that could raise the rates on borrowing costs

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Speaker 2: for various county cities and the state itself. So there's

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Speaker 2: a lot of things that the interest rate picture is

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Speaker 2: going to affect as we go through the rest of

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Speaker 2: the year.

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Speaker 1: All right, what about real estate? You have your own

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Speaker 1: real estate index, something we haven't talked about in a while.

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Speaker 1: But what's the outlook here for the home builders and

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Speaker 1: for a real estate sales activity, and for that matter

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Speaker 1: of the rebuilding that's ongoing here in the Los Angeles area.

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Speaker 2: Well, you know, Frank, here's the thing is, when we

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Speaker 2: talk about real estate, you really do have to talk

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Speaker 2: about it regionally. As many people would say, it is location, location, location,

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Speaker 2: but you also have to now look at geography. And

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Speaker 2: when I look at a place like Las Vegas, it

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Speaker 2: is a very there's different dimensions of the real estate

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Speaker 2: market here. I mean the real estate. It's kind of interesting.

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Speaker 2: The real estate stocks themselves are actually doing reasonably well

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Speaker 2: even with what you just talked about as far as

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Speaker 2: interest rates go. But I would say this, I think

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Speaker 2: what we're going to have to look at is again,

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Speaker 2: wait for the earnings to come out. I don't know

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Speaker 2: if I would be taking a whole bunch of new

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Speaker 2: plays into those companies until I know for a fact

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Speaker 2: where the home builders really are. And I'm talking about

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Speaker 2: the big four that I monitor, which are Vanni and Lenar,

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Speaker 2: POULTI and KB Homes. I'll throw marriage homes in there too.

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Speaker 2: I want to see where they all come in. Now.

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Speaker 2: What's interesting is the large scale construction companies which are

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Speaker 2: benefiting from building all these I mean, you see their

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Speaker 2: cranes all over the place. They're still doing okay, But

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Speaker 2: you want to be very careful about stepping in on

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Speaker 2: the retail home builders until we see where we are

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Speaker 2: after those earnings, all right.

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Speaker 1: Any specific places where we are putting money now and

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Speaker 1: or taking off the table.

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Speaker 2: Well, it's funny you talked about gold and silver. I

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Speaker 2: mean I have, as you know, Frank, I've held them

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Speaker 2: for years. I've actually I've been taking some profits in

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Speaker 2: them really over the last month. Only that they've more

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Speaker 2: than affect you know, they've they've met my objectives and

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Speaker 2: my goals. But what we were talking about earlier, I'm

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Speaker 2: going to take a good hard look at some of

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Speaker 2: these utilities because I mean, I'm just I mean, and

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Speaker 2: again we're not talking about Pgenie we're not talking about

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Speaker 2: southern California Edison, but we're talking about some other names

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Speaker 2: that are coming in. And I would just look at

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Speaker 2: some things like I mean, you can go right down,

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Speaker 2: but I would say what I would call the basin states.

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Speaker 2: I mean, I am looking at some things that are

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Speaker 2: I mean, right now, MDU resources. I would look at

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Speaker 2: CSM Energy. I would look at Black Hills Energy. I mean,

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Speaker 2: these are names and most people going, what is ken

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Speaker 2: Winan's talking about? That's the point. Go look at utilities

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Speaker 2: that are outside of what people may think of as

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Speaker 2: the western part of the United States, and look at

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Speaker 2: the basin states, and let's just states of the Midwest,

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Speaker 2: and see what's going on there, because again they're in

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Speaker 2: the black, they're having a year, and they're expected to

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Speaker 2: pay their full dividends. I would also say this, I've

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Speaker 2: been asked quite a bit by the audience to talk

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Speaker 2: about water plays. Be very careful. I know they're trying

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Speaker 2: to get ahead of the curve on what could be

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Speaker 2: happening with the water the seven state water deal on

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Speaker 2: the Colorado River. Again, I would be very careful about

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Speaker 2: trying to guess where that's going to come out By

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Speaker 2: betting on individual water stocks. I would wait and see

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Speaker 2: how it actually comes out. I'd be much more inclined

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Speaker 2: to go after you know, natural gas utility sucks like

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Speaker 2: Atmo's Energy or Knee Source or for that matter, Southwestern guests.

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Speaker 2: I think that's a better play at this time.

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Speaker 1: Truvic Ken, thank you very much for taking the call here,

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Speaker 1: which we had more time. That is top rank money manager.

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Speaker 1: Ken Winens, President and Chief investment Officer at Winans Investments

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Speaker 1: at Winansinvestments dot com. Ken, thanks for coming out to

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Speaker 1: Los Angeles over the weekend. My turn to go to Vegas.

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Speaker 1: So hope to see you very very soon. Thank you

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Speaker 1: very much for joining us live here this afternoon.

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Speaker 2: My pleasure, Franks, see you soon.

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Speaker 1: Thank you very much. Seven ninety KBC. Motech of Money

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Speaker 1: continues seven ninety KABC. The President says the US military

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Speaker 1: we'll postpone strikes on Iranian power plans and energy infrastructure

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Speaker 1: for five days, following talks between Washington and Tehran that

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Speaker 1: set off a rally on Wall Street today, with the

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Speaker 1: now coming in for a closing gain of six hundred

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Speaker 1: and thirty one points, settling at forty six thousand and

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Speaker 1: two to eight the guest p five hundred and seventy

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Speaker 1: four sixty five eighty one Nasdaga two ninety nine at

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Speaker 1: twenty one one thousand, nine forty seven, the yeld of

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Speaker 1: the tenure note is up to four point three five percent.

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Speaker 1: Gold under pressure again today right now hovering around forty

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Speaker 1: four hundred and sixteen and change silver at sixty nine

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Speaker 1: eighty three an ounce oil in New York right now

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Speaker 1: just below ninety dollars a barrel at eighty eight ninety eight.

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Speaker 1: Taking a look at the cryptos now, we see a

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Speaker 1: bitcoin hovering around seventy thousand, five hundred ethereum at twenty

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Speaker 1: one to fifty dos at the moment at nine cents.

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Speaker 1: Motach of money continues seven ninety k. We see it's

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Speaker 1: a messi at the nation's airports nowadays, security lines trenching

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Speaker 1: for hours at US airports were unpaid Transportation Safety Administration

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Speaker 1: TSA screening agents refused to report for duty. Now, ICE

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Speaker 1: agents deployed by the President reportedly seen in many cities.

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Speaker 1: The President ordered their deployment during the partial government shutdown

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Speaker 1: that continues, which has disrupted air travel Nationwideed y'ar about this.

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Speaker 1: Firefighters and police officers stationed at the Burbank Airport asking

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Speaker 1: travelers for help over the weekend as they launched a

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Speaker 1: fill the Boot campaign to help TSA workers facing financial hardship.

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Speaker 1: Let's get an update now and the government shut down

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Speaker 1: and where things stand as well on tax issues and

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Speaker 1: so forth, with more billionaires fleeing California having trouble getting

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Speaker 1: flights out now. Joining us live now is Grover Norquiz,

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Speaker 1: President of Americans for Tax Reform. Grovert, thanks very much

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Speaker 1: for coming to the line here this afternoon.

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Speaker 3: Absolutely good to be with you, Frankly, all.

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Speaker 1: Right, take you from the top, and it tell us

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Speaker 1: what you know about this ongoing government shut down and

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Speaker 1: the tremendous impact we're seeing at the airports.

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Speaker 3: Well, it has the Democrats have decided to make a

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Speaker 3: political thing out of it, and that means it's tough

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Speaker 3: to get people paid or impossibly get people paid when

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Speaker 3: they work at TSA. Where it is working is where

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Speaker 3: TSA is privatized. It's not government employees, it's only the

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Speaker 3: government employees. Places are having fun. The ten major reports

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Speaker 3: where they're done privately, including San Francisco, are not having

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Speaker 3: problems at all. This really makes the case in the future.

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Speaker 3: Need to have this be contracted out. It's what the

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Speaker 3: Israelis do. I mean, they have very serious security concerns

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Speaker 3: and they find that having it contracted out rather than

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Speaker 3: government employees is better and safer there, and it certainly

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Speaker 3: turns out to be better for travelers when people play

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Speaker 3: politics for shutdowns.

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Speaker 1: All right, it's already an uneasy time because of the

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Speaker 1: war in the Middle East, when we're relying on the

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Speaker 1: security agents to keep people safe. Transportation Safety Administration that TSA,

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Speaker 1: screening agents play a very very important role. How much

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Speaker 1: longer is this ridiculous situation going to continue?

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Speaker 3: Well, if they're bringing in people from other parts of government,

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Speaker 3: I mean, this is where government is not flexible, and

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Speaker 3: the president is insisting that it become flexible. Why shouldn't

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Speaker 3: and couldn't you have people from ice come in and

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Speaker 3: take and handle these jobs. If people are refusing to

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Speaker 3: come in now, they know they will get paid eventually.

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Speaker 3: But if they're refusing to come in now and do it,

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Speaker 3: we need to have other people do it. Certainly need

433
00:22:00,560 --> 00:22:05,520
Speaker 3: to have this contracted out to private companies that do this,

434
00:22:06,119 --> 00:22:10,159
Speaker 3: rather than have it be a government program where it

435
00:22:10,200 --> 00:22:14,320
Speaker 3: gets when somebody tries to play politics, things get shut down.

436
00:22:14,320 --> 00:22:15,920
Speaker 3: We don't need this, all right, So.

437
00:22:16,359 --> 00:22:18,280
Speaker 1: Since you're right there on the front line, is their

438
00:22:18,800 --> 00:22:22,840
Speaker 1: action in Congress to privatize the TSA? Now, any serious

439
00:22:22,920 --> 00:22:24,520
Speaker 1: efforts of being made in that direction.

440
00:22:25,200 --> 00:22:27,800
Speaker 3: I think this is just coming up. People are just remembering.

441
00:22:27,800 --> 00:22:32,040
Speaker 3: There's a Washington Post editorial which pointed out and had

442
00:22:32,040 --> 00:22:34,399
Speaker 3: the list of where did we not have problems and

443
00:22:34,480 --> 00:22:37,000
Speaker 3: where it happens to be privatized. They happen to be

444
00:22:37,080 --> 00:22:41,040
Speaker 3: the same cities. That's a wake up call. This actually, sadly,

445
00:22:41,119 --> 00:22:46,800
Speaker 3: was something that McCain insisted on when they originally put

446
00:22:46,800 --> 00:22:51,080
Speaker 3: this together. The most Republicans wanted to have them contracted out,

447
00:22:51,560 --> 00:22:54,080
Speaker 3: and McCain jumped in and insisted he'd work with the

448
00:22:54,080 --> 00:22:57,639
Speaker 3: Democrats and made it be a government program. So not

449
00:22:57,760 --> 00:23:00,000
Speaker 3: to pick on them, but this is partly his fault,

450
00:23:00,600 --> 00:23:01,280
Speaker 3: isn't that something?

451
00:23:01,680 --> 00:23:05,240
Speaker 1: Meanwhile, the trend of GOP state's lowering taxes while Democrat

452
00:23:05,359 --> 00:23:08,640
Speaker 1: run states raise them is increasing every year. Did see

453
00:23:08,640 --> 00:23:12,200
Speaker 1: that Wall Street Journal article recently? I think you got

454
00:23:12,200 --> 00:23:14,600
Speaker 1: your attention to Grover Norquiz. Give us an update of

455
00:23:14,640 --> 00:23:15,919
Speaker 1: what's happening on the tax run.

456
00:23:16,680 --> 00:23:18,760
Speaker 3: Oh? Absolutely, I spent a lot of time with the

457
00:23:18,840 --> 00:23:23,120
Speaker 3: reporter on that walking them through the various states. There

458
00:23:23,119 --> 00:23:28,119
Speaker 3: are now five states, all red states Republican states, that

459
00:23:28,200 --> 00:23:30,560
Speaker 3: have actually passed a law that will face their income

460
00:23:30,600 --> 00:23:33,960
Speaker 3: tax down to zero. Over time, as revenue comes in

461
00:23:34,000 --> 00:23:40,080
Speaker 3: from growth, the income tax will be reduced. Mississippi, Oklahoma,

462
00:23:40,400 --> 00:23:45,680
Speaker 3: West Virginia, Kentucky, and now South Carolina. Five states automatically

463
00:23:45,720 --> 00:23:49,320
Speaker 3: will trigger down to zero. There are another seven states

464
00:23:49,359 --> 00:23:51,399
Speaker 3: that say that that's their goal and they want to

465
00:23:51,440 --> 00:23:54,320
Speaker 3: do that. And certainly the five that are moving and

466
00:23:54,359 --> 00:23:57,600
Speaker 3: the eight that are already at zero are encouraging more

467
00:23:57,680 --> 00:24:00,560
Speaker 3: states to say, let's face the income tax to zero,

468
00:24:00,840 --> 00:24:04,240
Speaker 3: not shift the income tax to some other tax, but rather,

469
00:24:05,119 --> 00:24:09,680
Speaker 3: as revenue comes in, don't spend it on new programs

470
00:24:09,800 --> 00:24:13,080
Speaker 3: or throwing more money at old programs. Leave it in

471
00:24:13,119 --> 00:24:16,399
Speaker 3: the hands. Just keep taking the income tax down a

472
00:24:16,440 --> 00:24:20,560
Speaker 3: few tenths of a point each opportunity, and that's going

473
00:24:20,640 --> 00:24:23,840
Speaker 3: to be tremendously helpful. Now, the other side of that,

474
00:24:24,400 --> 00:24:28,080
Speaker 3: as you pointed out, or California is talking about a

475
00:24:28,119 --> 00:24:33,280
Speaker 3: property tax on all property, your retirement income, shares of stock,

476
00:24:33,320 --> 00:24:38,800
Speaker 3: you own company, you own, money in the bank, any assets,

477
00:24:38,840 --> 00:24:43,199
Speaker 3: you have your house, land, a small business, and they're starting.

478
00:24:43,240 --> 00:24:45,760
Speaker 3: Of course, they say with billionaires, they always start with

479
00:24:46,160 --> 00:24:48,639
Speaker 3: a few rich people and then move it down. But

480
00:24:48,880 --> 00:24:52,240
Speaker 3: the way they start at this time, there's a study

481
00:24:52,280 --> 00:24:57,399
Speaker 3: done by the Hoover Institute, and they found that a

482
00:24:57,480 --> 00:25:00,880
Speaker 3: third of the people that were expected to be held

483
00:25:00,960 --> 00:25:04,840
Speaker 3: up and had the good chuck of their income wealth

484
00:25:04,920 --> 00:25:09,239
Speaker 3: taken away when they did that, a third of them

485
00:25:09,240 --> 00:25:11,760
Speaker 3: have already left. A third of them have left. And

486
00:25:11,960 --> 00:25:16,280
Speaker 3: if things continue as they appear to, this tax, if

487
00:25:16,320 --> 00:25:18,600
Speaker 3: it passes, if it's put on the ballot in California,

488
00:25:18,680 --> 00:25:22,400
Speaker 3: it is enacted through the initial process, will actually lose

489
00:25:22,640 --> 00:25:27,120
Speaker 3: money for California because everybody who leaves doesn't pay all

490
00:25:27,119 --> 00:25:30,639
Speaker 3: the other taxes that they would pay. And as we

491
00:25:30,720 --> 00:25:36,880
Speaker 3: saw in Seattle when Starbucks, the CEO of Starbucks announced

492
00:25:36,920 --> 00:25:43,360
Speaker 3: he's moving to to Miami, and Starbucks itself is buying

493
00:25:43,760 --> 00:25:46,720
Speaker 3: something like a city block to move quite a number

494
00:25:46,760 --> 00:25:50,080
Speaker 3: of people out of Washington State, which is threatening to

495
00:25:50,080 --> 00:25:52,760
Speaker 3: put an income tax on people which they didn't have

496
00:25:52,760 --> 00:25:57,560
Speaker 3: one before, and move instead to Nashville, Tennessee, where there

497
00:25:57,800 --> 00:26:03,040
Speaker 3: is no income tax. When you put higher taxes, not

498
00:26:03,080 --> 00:26:06,760
Speaker 3: only do people leave but college students and high school students,

499
00:26:07,119 --> 00:26:10,520
Speaker 3: they leave because the new jobs are being started in

500
00:26:10,680 --> 00:26:12,919
Speaker 3: low tax states, not high tax states.

501
00:26:13,200 --> 00:26:15,159
Speaker 1: See you tonight, read about it tomorrow. But here at

502
00:26:15,160 --> 00:26:17,000
Speaker 1: now in motac on Money Live on the air of

503
00:26:17,000 --> 00:26:20,399
Speaker 1: Grover nor Quiz, President of Americans for Tax Reform. Now,

504
00:26:20,920 --> 00:26:25,520
Speaker 1: that's a proposed California builliing Aire tax, proposed initiative ballot

505
00:26:25,560 --> 00:26:28,560
Speaker 1: initiative aimed at imposing a five percent tax on the

506
00:26:28,600 --> 00:26:30,480
Speaker 1: assets of people with the net worth of a billion

507
00:26:30,520 --> 00:26:34,879
Speaker 1: dollars or more who are residents retroactively as of January first,

508
00:26:35,119 --> 00:26:37,880
Speaker 1: twenty twenty six. We're waiting to see if this thing

509
00:26:37,960 --> 00:26:41,159
Speaker 1: actually gets onto the ballot, But just the anticipation of

510
00:26:41,200 --> 00:26:45,040
Speaker 1: something like this, a confiscatory tax like this is scaring

511
00:26:45,200 --> 00:26:46,359
Speaker 1: people out of California.

512
00:26:47,359 --> 00:26:50,160
Speaker 3: If your neighbor said I'm thinking of eating your cat,

513
00:26:50,840 --> 00:26:52,920
Speaker 3: and then he said, no, I'm not going to eat

514
00:26:52,920 --> 00:26:56,520
Speaker 3: your cat. Not now. I think you'd keep the cat inside.

515
00:26:57,160 --> 00:27:01,440
Speaker 3: By saying we're threatening to confiscate people's property, oh, we

516
00:27:01,480 --> 00:27:04,720
Speaker 3: won't do it this year. People will start to move

517
00:27:04,800 --> 00:27:07,479
Speaker 3: now because they can't trust you in the future.

518
00:27:09,000 --> 00:27:12,840
Speaker 1: Anything else that's getting your attention on the tax front, here. Obviously,

519
00:27:13,040 --> 00:27:16,040
Speaker 1: with so many moving parts in the news of these days,

520
00:27:16,280 --> 00:27:19,480
Speaker 1: some things might be escaping us on the radar screen.

521
00:27:19,520 --> 00:27:22,440
Speaker 1: But we rely heavily on you, Grover Norquiz to keep

522
00:27:22,480 --> 00:27:24,600
Speaker 1: us well informed on the tax runt.

523
00:27:25,359 --> 00:27:27,560
Speaker 3: Well, I think people are somewhat aware of it, but

524
00:27:27,640 --> 00:27:29,760
Speaker 3: not as much as they need to be. And those

525
00:27:29,760 --> 00:27:33,840
Speaker 3: are the Trump accounts. Trump Accounts dot Gov is where

526
00:27:33,840 --> 00:27:35,560
Speaker 3: you go if you have a child on the age

527
00:27:35,560 --> 00:27:38,480
Speaker 3: of eighteen, you can set up a Trump account for them.

528
00:27:39,240 --> 00:27:42,120
Speaker 3: You can put as much as five thousand dollars every

529
00:27:42,200 --> 00:27:48,440
Speaker 3: year into that account. Your employer can put money in foundations, can,

530
00:27:49,240 --> 00:27:53,159
Speaker 3: states can the federal government will put one thousand dollars

531
00:27:53,160 --> 00:27:56,440
Speaker 3: in for the last year this year. In the next

532
00:27:56,440 --> 00:27:58,560
Speaker 3: two years, if you have a child in those years,

533
00:27:58,600 --> 00:28:01,320
Speaker 3: they'll get what they'll help you. Gets your account started

534
00:28:01,400 --> 00:28:05,840
Speaker 3: for a newborn and put one thousand dollars in. After that,

535
00:28:05,880 --> 00:28:08,399
Speaker 3: the parents can put it up to five thousand dollars

536
00:28:08,440 --> 00:28:11,120
Speaker 3: every year. And now you're talking about children who will

537
00:28:11,119 --> 00:28:17,000
Speaker 3: turn eighteen who have thousands of dollars in their account

538
00:28:17,119 --> 00:28:20,240
Speaker 3: over time, and they will see it go up when

539
00:28:20,280 --> 00:28:22,520
Speaker 3: the stock market goes up and down when the stock

540
00:28:22,560 --> 00:28:26,120
Speaker 3: market goes down. You're going to have fifteen, sixteen, seventeen,

541
00:28:26,200 --> 00:28:30,240
Speaker 3: eighteen year olds who understand economics and what the stock

542
00:28:30,320 --> 00:28:33,120
Speaker 3: market is, and what the Dow Jones is, and what

543
00:28:33,560 --> 00:28:36,280
Speaker 3: hurts the economy and what helps the economy. You're gonna

544
00:28:36,280 --> 00:28:38,440
Speaker 3: have eighteen year olds is about to vote. Who will

545
00:28:38,440 --> 00:28:41,200
Speaker 3: know more about economics than half of Congress.

546
00:28:41,640 --> 00:28:45,320
Speaker 1: Grover Norquiz, President of Americans for Tax Reform. Grover, thank

547
00:28:45,320 --> 00:28:47,600
Speaker 1: you very much for joining us live here this afternoon.

548
00:28:48,120 --> 00:28:48,760
Speaker 3: Frank, thank you.

549
00:28:49,120 --> 00:28:53,680
Speaker 1: Seven ninety KBC. Boteco, Money continues seven ninety KBC Nervous time.

550
00:28:53,720 --> 00:28:56,640
Speaker 1: And the travel business or travel related stocks, including airlines

551
00:28:56,640 --> 00:28:59,800
Speaker 1: and cruise lines, taking a hit recently but rallying today

552
00:29:00,000 --> 00:29:03,160
Speaker 1: after President Trump postponed his deadline for more strikes in Iran,

553
00:29:03,520 --> 00:29:05,880
Speaker 1: saying the two countries had held very good and productive

554
00:29:05,880 --> 00:29:09,880
Speaker 1: to talk, something Iranian media denies. Iran threatened wider attacks

555
00:29:09,880 --> 00:29:12,960
Speaker 1: and infrastructure in the Middle East, including fuel, tech and

556
00:29:13,160 --> 00:29:16,600
Speaker 1: desalination facilities, if its energy sites were hit. Among the

557
00:29:16,640 --> 00:29:20,160
Speaker 1: stocks gaining the most today Frontier Airlines, pomping about nine percent,

558
00:29:20,280 --> 00:29:23,640
Speaker 1: United shares moving up five percent, Norwegian Cruise Lines up

559
00:29:23,640 --> 00:29:26,680
Speaker 1: more than six percent, hurts global a rental car company,

560
00:29:26,720 --> 00:29:30,320
Speaker 1: up nearly five percent, ABIs budget up more than seven percent.

561
00:29:30,760 --> 00:29:34,360
Speaker 1: New York's Legwardy Airport reopened today, hours after a runway

562
00:29:34,360 --> 00:29:37,760
Speaker 1: collision between a passenger jet and an emergency vehicle killed

563
00:29:37,760 --> 00:29:40,720
Speaker 1: two pilots and injured dozens of others. The war in

564
00:29:40,760 --> 00:29:43,000
Speaker 1: the Middle East is prompted the US State Department now

565
00:29:43,040 --> 00:29:47,000
Speaker 1: to issue a security alert urging American citizens worldwide to

566
00:29:47,080 --> 00:29:50,360
Speaker 1: exercise increase caution. Securities also being stepped up here in

567
00:29:50,400 --> 00:29:53,800
Speaker 1: the Los Angeles area, increased all across the region, especially

568
00:29:53,800 --> 00:29:56,160
Speaker 1: at the airport in local houses of worship due to

569
00:29:56,200 --> 00:30:00,280
Speaker 1: rise of concern surrounding the ongoing conflict with Iran. Joining

570
00:30:00,360 --> 00:30:03,360
Speaker 1: US live now, the honorable Denisign, former LA City Council

571
00:30:03,360 --> 00:30:06,280
Speaker 1: member and retired laped chargeant with fifty plus years of

572
00:30:06,320 --> 00:30:09,600
Speaker 1: service to the City of Angels Denisign, thank you very

573
00:30:09,680 --> 00:30:11,120
Speaker 1: much for coming to the line.

574
00:30:11,840 --> 00:30:12,720
Speaker 4: Good afternoon, Frank.

575
00:30:13,400 --> 00:30:16,120
Speaker 1: Give us your assessment of things here, especially given this

576
00:30:16,360 --> 00:30:22,080
Speaker 1: State Department security alert urging American citizens worldwide to exercise

577
00:30:22,120 --> 00:30:23,360
Speaker 1: increased caution nowadays.

578
00:30:24,440 --> 00:30:26,640
Speaker 4: Well, Frank, this is the first time I've ever seen it.

579
00:30:26,760 --> 00:30:32,600
Speaker 4: In writing, the Department. US Department of State is in inquiring, informing,

580
00:30:33,080 --> 00:30:38,920
Speaker 4: alerting people to be watchful the worldwide knowledge experience. What

581
00:30:38,960 --> 00:30:41,680
Speaker 4: they're concerned about is what we see happening in other

582
00:30:41,680 --> 00:30:44,320
Speaker 4: parts of the world, terrorist strikes, and we know we've

583
00:30:44,360 --> 00:30:48,280
Speaker 4: got different areas around this world where groups splinter and

584
00:30:48,320 --> 00:30:52,960
Speaker 4: they go out and they cause havoc, cause death, violence, etc.

585
00:30:53,880 --> 00:30:57,240
Speaker 4: So the government is saying watch, be careful. We watch

586
00:30:57,280 --> 00:30:59,320
Speaker 4: the evening news, watch the daily news. We see the

587
00:31:00,280 --> 00:31:02,280
Speaker 4: that are going on in other parts of the world,

588
00:31:02,720 --> 00:31:04,800
Speaker 4: and there's a concern that some of that may happen

589
00:31:04,800 --> 00:31:06,640
Speaker 4: here in the United States and in the city of

590
00:31:06,720 --> 00:31:09,760
Speaker 4: Los Angeles, so well. We know we have an understaffed

591
00:31:09,760 --> 00:31:13,760
Speaker 4: police department, we have problems that have to be contented with.

592
00:31:14,360 --> 00:31:17,240
Speaker 4: This alert just brings it to another focus to wake

593
00:31:17,320 --> 00:31:20,480
Speaker 4: up a lot of folks remember the Vietnam War and

594
00:31:20,640 --> 00:31:24,320
Speaker 4: generations born after that don't know what that's about. So

595
00:31:24,360 --> 00:31:27,160
Speaker 4: many of us live through that, and we've had peace

596
00:31:27,200 --> 00:31:29,560
Speaker 4: and tranquility, but now we seem to be going into

597
00:31:29,600 --> 00:31:32,520
Speaker 4: a new era where we have what is actually a

598
00:31:32,600 --> 00:31:34,720
Speaker 4: war taking place in another part of the world with

599
00:31:34,880 --> 00:31:38,040
Speaker 4: American troops. While they say we're no ground troops at

600
00:31:38,040 --> 00:31:41,160
Speaker 4: this time, we know what's happening with the air operations

601
00:31:41,160 --> 00:31:44,120
Speaker 4: and naval operations. So it's just a matter of be watched,

602
00:31:44,120 --> 00:31:46,880
Speaker 4: will be careful if there's a concern, if there's an interest,

603
00:31:46,960 --> 00:31:50,880
Speaker 4: there's something suspicious, notify the authorities and hopefully they will

604
00:31:50,920 --> 00:31:54,080
Speaker 4: be able to neutralize something. We know some parts of

605
00:31:54,120 --> 00:31:57,360
Speaker 4: the country we've had situations that have caused death and injury.

606
00:31:58,040 --> 00:32:00,320
Speaker 4: We want to be careful in the city, need the

607
00:32:00,320 --> 00:32:02,760
Speaker 4: state of California to be watchful and just keep your

608
00:32:02,800 --> 00:32:06,320
Speaker 4: eyes open for something unusual and if you notice, report it,

609
00:32:06,680 --> 00:32:08,920
Speaker 4: report it to nine one one. Let the authorities handle

610
00:32:08,960 --> 00:32:09,560
Speaker 4: it all right.

611
00:32:09,640 --> 00:32:12,320
Speaker 1: Kind of reminds me after what happened after nine to eleven.

612
00:32:12,760 --> 00:32:15,200
Speaker 1: If you see something, say something, right and the security

613
00:32:15,280 --> 00:32:18,120
Speaker 1: was stepped up an important infrastructure and houses of worship

614
00:32:18,320 --> 00:32:21,160
Speaker 1: and so forth. And is it a similar situation to

615
00:32:21,680 --> 00:32:22,320
Speaker 1: back in those.

616
00:32:22,240 --> 00:32:25,240
Speaker 4: Days, Well, it is, and we know that other parts

617
00:32:25,280 --> 00:32:27,160
Speaker 4: of the United States we've had some attacks that have

618
00:32:27,240 --> 00:32:31,840
Speaker 4: taken place at religious institutions and law enforcements obviously prepared.

619
00:32:31,880 --> 00:32:33,960
Speaker 4: We know there's been some situations at some of the

620
00:32:34,160 --> 00:32:37,600
Speaker 4: educational institutions. So we never know what's going to strike.

621
00:32:37,800 --> 00:32:40,360
Speaker 4: We're a country of freedom, and openness, but at the

622
00:32:40,400 --> 00:32:42,800
Speaker 4: same time, we need to have care and caution for

623
00:32:42,880 --> 00:32:47,280
Speaker 4: the populations that live, work play in America. But I

624
00:32:47,360 --> 00:32:50,000
Speaker 4: remember the Vietnam here very very well. I remember being

625
00:32:50,400 --> 00:32:53,040
Speaker 4: on the draft list for Vietnam, and the folks of

626
00:32:53,120 --> 00:32:56,160
Speaker 4: the later generations is just a memory. It's like some

627
00:32:56,200 --> 00:32:58,760
Speaker 4: of us remember World War One, World War two. I

628
00:32:58,800 --> 00:33:01,880
Speaker 4: remember clearly via Nom and the tragedies that occurred there.

629
00:33:02,080 --> 00:33:04,960
Speaker 4: In fact, just recently last week they headed the Vietnam

630
00:33:05,000 --> 00:33:07,800
Speaker 4: Memorial Wall at Pierce College where people who come by

631
00:33:07,840 --> 00:33:11,000
Speaker 4: and look at those names thousands of soldiers who perished

632
00:33:11,120 --> 00:33:13,880
Speaker 4: in that particular war. But we haven't had in a

633
00:33:13,880 --> 00:33:17,640
Speaker 4: long time. But now again we see military occupation taking

634
00:33:17,680 --> 00:33:21,360
Speaker 4: place and the consequence of that. So they're just telling

635
00:33:21,400 --> 00:33:24,960
Speaker 4: the American people, keep an eye open, be careful, be watchful.

636
00:33:25,000 --> 00:33:28,040
Speaker 4: If you go to synagogues, in particular, they've got to

637
00:33:28,120 --> 00:33:32,160
Speaker 4: increase security to make sure that the people worshiping are

638
00:33:32,200 --> 00:33:33,959
Speaker 4: going to be safe and secure. So it's just a

639
00:33:34,000 --> 00:33:37,880
Speaker 4: matter of alertness, not that they're anticipating anything happening, but

640
00:33:38,040 --> 00:33:41,080
Speaker 4: be watchful, be careful, and if you see here, notify

641
00:33:41,320 --> 00:33:42,080
Speaker 4: nine to one one.

642
00:33:42,160 --> 00:33:44,479
Speaker 1: And we honor the memory of all those lost and

643
00:33:45,320 --> 00:33:48,240
Speaker 1: under the service of the United States, and also salute

644
00:33:48,280 --> 00:33:51,200
Speaker 1: you for your longtime service to the city of Angels

645
00:33:51,280 --> 00:33:53,920
Speaker 1: on the line with the honorable then design former LA

646
00:33:54,000 --> 00:33:57,760
Speaker 1: City Council Member and former LAPD sergeant, and correct me

647
00:33:57,760 --> 00:34:00,440
Speaker 1: if I'm wrong. A lot of LAPED officers are in

648
00:34:00,480 --> 00:34:03,040
Speaker 1: the military reserves as well, so we honor it and

649
00:34:03,080 --> 00:34:04,360
Speaker 1: salute their service too.

650
00:34:05,360 --> 00:34:08,880
Speaker 4: Yes, many when I was on the department, many folks

651
00:34:08,920 --> 00:34:14,000
Speaker 4: left the military came onto law enforcement, and they retired helpfully,

652
00:34:14,040 --> 00:34:18,960
Speaker 4: peacefully and enjoying life, and some sadly perish during that process.

653
00:34:19,000 --> 00:34:21,360
Speaker 4: But during the sixties seventies, there were a lot of

654
00:34:21,400 --> 00:34:25,040
Speaker 4: people drafted into the military and for a variety of reasons,

655
00:34:25,120 --> 00:34:28,399
Speaker 4: somewhat with us at this particular time because of war

656
00:34:28,480 --> 00:34:31,200
Speaker 4: injuries or mental illness that took place after the war.

657
00:34:31,239 --> 00:34:33,200
Speaker 4: So there's a lot of tragedies that occurred with war,

658
00:34:33,680 --> 00:34:35,800
Speaker 4: and what we see happening with just the news reports,

659
00:34:35,800 --> 00:34:39,360
Speaker 4: what's happening overseas is very tragic for innocent people. Thousands

660
00:34:39,360 --> 00:34:42,280
Speaker 4: of people who have been killed. When you launch bombs,

661
00:34:42,280 --> 00:34:44,200
Speaker 4: you'll know whether than to land and who's going to

662
00:34:44,200 --> 00:34:46,640
Speaker 4: be in way of that, and they suffered the consequences,

663
00:34:46,640 --> 00:34:48,880
Speaker 4: So it's very very serious. We just want to keep

664
00:34:48,920 --> 00:34:51,000
Speaker 4: people safe. That's the bottom line, keep them safe.

665
00:34:51,120 --> 00:34:54,600
Speaker 1: Certainly, we've been hearing about the money issues at City

666
00:34:54,640 --> 00:34:58,359
Speaker 1: Hall and how understaffed the Los Angeles Police Department is.

667
00:34:58,840 --> 00:35:01,440
Speaker 1: Are you seeing anything turn around there and what is

668
00:35:01,480 --> 00:35:05,040
Speaker 1: it going to take to improve the situation at City Hall?

669
00:35:05,239 --> 00:35:07,960
Speaker 1: And indeed with the police department at this point.

670
00:35:08,320 --> 00:35:11,399
Speaker 4: Well, you sadly have members of the city council who

671
00:35:11,400 --> 00:35:14,400
Speaker 4: are not supportive of the LAPD. They want to reduce

672
00:35:14,440 --> 00:35:16,600
Speaker 4: the number of LAPD. Some of them want to disarm

673
00:35:16,640 --> 00:35:20,640
Speaker 4: the LAPD. So the Los Angeles Department is struggling to

674
00:35:20,719 --> 00:35:23,319
Speaker 4: keep the numbers up and they basically have to beg

675
00:35:23,520 --> 00:35:27,560
Speaker 4: for the dollars. Officers are retiring and they can't recruit

676
00:35:27,640 --> 00:35:30,359
Speaker 4: more than they can for the funding, and they've got

677
00:35:30,360 --> 00:35:33,080
Speaker 4: a lack of funding. So once the city council wakes

678
00:35:33,160 --> 00:35:35,640
Speaker 4: up to the reality that we've got World Cup, we

679
00:35:35,760 --> 00:35:38,520
Speaker 4: got Olympics, and I know from my experience working the

680
00:35:38,520 --> 00:35:42,920
Speaker 4: eighty four Olympics, the massive amount of empower personnel to

681
00:35:43,080 --> 00:35:46,040
Speaker 4: maintain security not only at the venues but at the

682
00:35:46,040 --> 00:35:48,600
Speaker 4: housing location. So there's a lot that has to be

683
00:35:48,640 --> 00:35:50,719
Speaker 4: done at this particular time, and I don't think we're

684
00:35:50,719 --> 00:35:53,000
Speaker 4: equipped with the personnel. We're going to have to either

685
00:35:53,000 --> 00:35:55,759
Speaker 4: have mutual aid or National Guard or something else to

686
00:35:55,800 --> 00:35:57,799
Speaker 4: make sure we can have it a safe environment for

687
00:35:57,840 --> 00:36:00,520
Speaker 4: those athletes that come to the Olympics.

688
00:36:00,280 --> 00:36:04,960
Speaker 1: Right, and before that, FIFA, right and Super Bowl. A

689
00:36:05,040 --> 00:36:06,680
Speaker 1: lot of things on the calendar here.

690
00:36:07,239 --> 00:36:09,160
Speaker 4: Well, there's a lot on the calendar. I mean, the

691
00:36:09,239 --> 00:36:11,640
Speaker 4: Engle is going to have to maintain, but I'm still

692
00:36:11,680 --> 00:36:16,120
Speaker 4: going to have additional response from local jurisdictions. But the

693
00:36:16,600 --> 00:36:20,440
Speaker 4: Super Bowl, some of those venues are easy to secure,

694
00:36:20,640 --> 00:36:23,600
Speaker 4: rather simple to secure with personnel. But when you've got

695
00:36:23,640 --> 00:36:27,440
Speaker 4: the Olympics and the venues that are spread throughout southern California,

696
00:36:27,920 --> 00:36:30,120
Speaker 4: and remember you have to take care of these people

697
00:36:30,280 --> 00:36:34,600
Speaker 4: from the time they're lodged, the lodging, the transportation, the venues,

698
00:36:34,600 --> 00:36:36,880
Speaker 4: et cetera. It takes a lot of security to make

699
00:36:36,920 --> 00:36:39,200
Speaker 4: sure everybody's safe and secure. Just go to a Dodger game,

700
00:36:39,239 --> 00:36:40,680
Speaker 4: which you have to go through to get into Dodger

701
00:36:40,719 --> 00:36:44,719
Speaker 4: Stadium when they sell out. It's a daunting task, but

702
00:36:44,760 --> 00:36:46,640
Speaker 4: the bottom line is we want to keep everyone safe

703
00:36:46,640 --> 00:36:50,920
Speaker 4: so they can continue to enjoy life as busted as possible.

704
00:36:50,719 --> 00:36:53,480
Speaker 1: All right, and hopefully businesses will step up and help

705
00:36:53,520 --> 00:36:54,240
Speaker 1: the police deparmit.

706
00:36:54,320 --> 00:36:54,360
Speaker 3: You.

707
00:36:54,560 --> 00:36:57,160
Speaker 1: I remember I was there when Chief Branton was here

708
00:36:57,160 --> 00:37:00,640
Speaker 1: in the businesses donated blackberries to the police apartment. Remember

709
00:37:00,680 --> 00:37:04,520
Speaker 1: that it'd be nice to see more help from businesses

710
00:37:05,080 --> 00:37:08,680
Speaker 1: directly helping the foundation there or helping the police ultimately.

711
00:37:09,560 --> 00:37:11,440
Speaker 4: Well, we have a great foundation and there's a lot

712
00:37:11,480 --> 00:37:14,120
Speaker 4: of businesses do support it. The taxpayers do what they

713
00:37:14,160 --> 00:37:17,160
Speaker 4: can through the budget, but that's controlled by the city

714
00:37:17,160 --> 00:37:19,400
Speaker 4: council and the mayor. What I will tell you clearly,

715
00:37:19,400 --> 00:37:21,600
Speaker 4: we are understaffed as far as personnel. We do not

716
00:37:21,719 --> 00:37:24,440
Speaker 4: have sufficient personnel to really police the city as we

717
00:37:24,480 --> 00:37:27,080
Speaker 4: need to with the street takeovers. What the crime that

718
00:37:27,120 --> 00:37:30,560
Speaker 4: takes place. While homicides are down, we see other crime

719
00:37:30,560 --> 00:37:33,719
Speaker 4: burgery in particular cars that that continues to increase, and

720
00:37:33,760 --> 00:37:35,759
Speaker 4: people have their property want to keep safe. We need

721
00:37:35,800 --> 00:37:37,480
Speaker 4: to do that. We need the resources, we need the

722
00:37:37,480 --> 00:37:41,520
Speaker 4: city council to unite and support public safety lots.

723
00:37:41,560 --> 00:37:44,319
Speaker 1: The Honorable dentisign from LA City Council member, retired to

724
00:37:44,400 --> 00:37:47,120
Speaker 1: laped sergeant fifty plus years of service to the City

725
00:37:47,160 --> 00:37:49,400
Speaker 1: of Angels You're an angel in the City of Angels. Dentisign,

726
00:37:49,680 --> 00:37:52,080
Speaker 1: thank you very much for coming to the line live

727
00:37:52,120 --> 00:37:55,360
Speaker 1: with us here on Motech on Money on seven ninety KBC,

728
00:37:55,560 --> 00:37:56,800
Speaker 1: Los Angeles, California,