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Speaker 1: Caf I Am six forty. You're listening to the John

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Speaker 1: and Ken Show on demand on the iHeartRadio App'm around

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Speaker 1: the radio from one until four after four o'clock on

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Speaker 1: the iHeart app, you have the John and Ken podcast

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Speaker 1: John and Kent on Demand.

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Speaker 2: Its costs. Hey, we got this thing called the Moist

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Speaker 2: Line and it's coming back around during this very hour

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Speaker 2: on Friday, two days. Leave your messages using the iHeartRadio

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Speaker 2: app the microphone dot com they're called the Tophy number

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Speaker 2: one eight seven seven Moist eighty six one eight seven

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Speaker 2: seven six six four seven eight eight six. Well, we

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Speaker 2: have another strike. We've been dealing with the actors, the writers,

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Speaker 2: the hotel workers. Now it's seventy five thousand workers at

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Speaker 2: Kaiser Promenenti locations across several states. Let's bring on Alex Stone,

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Speaker 2: ABC News for KFI with more on why this is

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Speaker 2: going on.

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Speaker 1: All right, this is their striking in California. They are

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Speaker 1: and through Saturday. It is three days in the West,

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Speaker 1: one day in the east. Kaiser is in California and Oregon, Washington, Virginia, Washington,

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Speaker 1: d C. It's eight different states. Five of them are

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Speaker 1: taking part in this. But for California. It's going to

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Speaker 1: be three days. And this is nurses, X ray tech, cleaners, radiologists,

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Speaker 1: people who work in Kaiser facilities and their emergency rooms.

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Speaker 1: Not the doctors are not part of this. But it's

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Speaker 1: the largest strike of healthcare workers in the history of

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Speaker 1: the US going on today and through Saturday, at least

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Speaker 1: out here. So on the lines, it's loud, they are protesting,

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Speaker 1: they're doing the making their voices heard, and they want

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Speaker 1: twenty five dollars an hour minimum wage. That is four

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Speaker 1: dollars more than what Kaiser is willing to give at

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Speaker 1: this point. That the workers want yearly increases. They've got

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Speaker 1: a schedule of what they percentage wise want those increases

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Speaker 1: to be six to seven percent over the years. But

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Speaker 1: the big thing is they say they want more staffing.

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Speaker 1: The ranks have been decimated since the pandemic. You hear

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Speaker 1: this across the healthcare industry that people have left, they've retired,

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Speaker 1: they aren't new. People didn't come in, they gave up

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Speaker 1: on it, that they were overworked, and they bade them out.

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Speaker 2: I have a question about it.

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Speaker 1: If they're literally not enough people, if they don't exist,

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Speaker 1: what is anyone's supposed to do about it if people

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Speaker 1: don't want to work in that industry, and apparently they don't,

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Speaker 1: well they want.

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Speaker 2: They think if you raise the wages, you'll get That's

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Speaker 2: exactly it.

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Speaker 1: So Kayser says that they have hired fifty one thousand

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Speaker 1: new workers since twenty twenty two and that they plan

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Speaker 1: to add ten thousand more. The workers who were striking today.

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Speaker 1: They say, if it paid more than twenty one dollars

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Speaker 1: an hour, that people would be you know, they what

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Speaker 1: was a fast food bill that just went in place,

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Speaker 1: twenty dollars an hour, So if it wasn't one dollar

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Speaker 1: more than working in McDonald's, that people would come into

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Speaker 1: it and be willing to work there.

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Speaker 2: So they want the minimum wage to go out.

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Speaker 1: But they say that, I mean you see it in

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Speaker 1: private just doctor's offices too, where doctors have become concierge doctors.

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Speaker 1: The whole system has changed since the pandemic to try

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Speaker 1: to figure out how to not be overworked and how

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Speaker 1: to make more money. See, people who were in what

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Speaker 1: they thought were abusive jobs, after not doing the job

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Speaker 1: for a while during the pandemic, decided they were never

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Speaker 1: going back to it.

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Speaker 2: And now this might have been one of those industries

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Speaker 2: that got hit by that kind of thing.

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Speaker 1: Absolutely, and that they had to work on site during

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Speaker 1: the pandemic and all that, so that you know, they're

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Speaker 1: saying that that they have been abused, that they need

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Speaker 1: their issues or demands. Matt this, Carol and Lucas representing

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Speaker 1: the workers. But we want as simple, we want Kaiser

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Speaker 1: executives to listen to frontline healthcare workers and bargaining good faith.

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Speaker 1: They claim that the Kaiser is not bargaining in good faith.

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Speaker 1: Kaiser says that they are. This could impact thirteen million patients.

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Speaker 1: Kaiser is so big, and Kaiser, they're making the point

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Speaker 1: their ers. Their hospitals are still open, they've got contract

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Speaker 1: workers who are coming in, and the doctors are on duty.

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Speaker 1: But elective procedures, blood draws, that sort of thing, so

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Speaker 1: those are being delayed.

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Speaker 2: I don't understand the entire industry. Maybe nobody does that.

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Speaker 1: The charges when you get sick and go to a

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Speaker 1: hospital are so unbelievably astronomical. Nobody explains why they charge

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Speaker 1: so much for things and where all the money goes.

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Speaker 1: And Kaiser says they don't make enough, they can't afford this.

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Speaker 1: All the workers say they're not getting paid enough, but

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Speaker 1: they bet they charge does allus ridiculous obscene amounts of money?

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Speaker 1: That may yes, since Kaiser their revenue was up seven

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Speaker 1: percent this year in the second quarter to over twenty

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Speaker 1: five billion dollars. So the workers are saying, look, the

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Speaker 1: money is there. Kaiser is saying, well, we can't meet

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Speaker 1: these demands that the industry and the economy right now

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Speaker 1: that for the future of Kaiser, that that can't go on.

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Speaker 1: What did you say the profit was it Kaiser twenty

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Speaker 1: five billion, twenty billion?

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Speaker 2: Yeah, so it.

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Speaker 1: There is money out there, and that is where the

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Speaker 1: workers are saying, hey, give us a cut of abba.

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Speaker 1: Kaiser saying that that they can't. So they negotiated a

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Speaker 1: lot last night. They say they did make progress last

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Speaker 1: night on a few things of the many that the

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Speaker 1: workers want met, but not on everything. And they are

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Speaker 1: bargaining as all of this is going on. It will

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Speaker 1: end on Saturday. And the workers say that this is

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Speaker 1: about patient safety and you know, more about not just

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Speaker 1: them getting paid, but about the staffing levels. Kaiser says

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Speaker 1: they are determined that they will get a deal. They

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Speaker 1: will get there, but if it's going to be before Saturday,

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Speaker 1: who knows, but it could end before then if they

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Speaker 1: do get an agreement.

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Speaker 2: But they're not there yet. And when you say the

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Speaker 2: workers were talking about nurses, one of the kinds of people.

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Speaker 1: Yeah, this is a radiologists, X ray tech cleaners. I

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Speaker 1: mean it's there's a gamut covered by the one union.

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Speaker 1: And well this is Michael Raimi, he's an ultrasound tech.

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Speaker 1: He says they could fix this right now if they

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Speaker 1: made a deal. And he says, if.

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Speaker 3: Kaiser would invest in their staff here and make an

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Speaker 3: investment in the patients that and take on the education

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Speaker 3: and training that we need, that we have ways to

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Speaker 3: solve this staffing crisis and to better care for our patients.

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Speaker 1: But he says that they just you know that they

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Speaker 1: haven't been willing to negotiate. And I was just pulling

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Speaker 1: up as he was speaking there. So the revenue was

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Speaker 1: twenty five billion in August. They said that income was

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Speaker 1: two point one billion profit in the quarter. That was

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Speaker 1: a They had one point three billion dollar loss last year,

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Speaker 1: so they have turned things around. But on that revenue,

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Speaker 1: two point one billion was profit. And that's where the

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Speaker 1: workers are saying, Look, they're making a lot of money,

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Speaker 1: but you know again that the company is saying, yeah,

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Speaker 1: but that they've got to make a deal that works

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Speaker 1: for both sides.

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Speaker 2: So they announced it's a three day strike. I mean

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Speaker 2: it gives Kaiser chances to get people in there to

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Speaker 2: replace them for three days.

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Speaker 1: How does that really happen? What do you get people,

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Speaker 1: by the way negotiating power? What do you get people

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Speaker 1: to run?

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Speaker 2: They have like these like a temp agency on the.

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Speaker 1: Actually and you know to have radiologists, Well, they have

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Speaker 1: people that are trained and yeah, various kinds of metas. Yeah,

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Speaker 1: I mean we saw them during the pandemic where they

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Speaker 1: would move around and help out. That they're out there

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Speaker 1: and they're able to come in and do some of

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Speaker 1: these jobs. And they there's not a lot of animosity there.

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Speaker 1: You know, it's not like when you see remember grocery

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Speaker 1: store workers and people had crossed the line.

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Speaker 2: And they'd get food and things thrown at them and all.

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Speaker 1: Of that that these workers, I mean, it was described

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Speaker 1: to me today on the on the picket line that

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Speaker 1: they're so nice, they're so fregant. They don't want anybody

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Speaker 1: to get sick. People they don't want they don't want

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Speaker 1: people going to the hospital and they're not being enough

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Speaker 1: staffing that they can't get services. So there are workers

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Speaker 1: who are willing to do the job while these folks

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Speaker 1: try to get higher wages and and they're able to

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Speaker 1: come in and temporary workers and do that work.

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Speaker 2: But there is an impact.

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Speaker 1: Again, you know, if you maybe you're having a colonoscopy.

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Speaker 2: Or you need a blood drawn, that may not go

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Speaker 2: on this week. All right, Alex, thank you very much

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Speaker 2: for that report. You got it letter, guys, Alex done

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Speaker 2: ABC News for K five. Yeah, this is a kind

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Speaker 2: of strike. Who cares if you know, the hotel workers

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Speaker 2: are out and you can't stay at whatever hotel? And

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Speaker 2: who cares about the writers and the actors. But honestly,

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Speaker 2: if you need like a cancer screening, you want to

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Speaker 2: get in there.

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Speaker 1: You got you got something bulging out of your stomach? There, Yeah,

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Speaker 1: John's gonna get that colonosc It looks like I can

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Speaker 1: all it's too bad. Looks like there's nobody that.

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Speaker 2: One, Debra Mark some months ago. I did.

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Speaker 4: Yes, it's very important.

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Speaker 2: Your guy's favorite topic is Colin asked.

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Speaker 4: Well, because we both can't believe that you haven't had one.

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Speaker 4: It's it's I mean, seriously, I really hope that. Uh oh, no, well,

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Speaker 4: I'm not even gonna say it.

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Speaker 1: No, am, I I appreciate your interest in my intestines.

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Speaker 2: It's very touching.

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Speaker 4: It's not that we have an interest in your intestines.

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Speaker 4: We have an interest in you being healthy and living

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Speaker 4: for a long time.

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Speaker 2: John, what a fact. I don't know. That's not what

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Speaker 2: it's cracked up to be. But uh, thank you counting

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Speaker 2: on the show. I just wanted to point out because

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Speaker 2: it does drive me crazy sometimes when you see these

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Speaker 2: news stories written by reporters who don't know anything about financials.

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Speaker 2: When you hear the word profits, that's the revenue over

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Speaker 2: the expenses, that's the net. So it says that Kaiser

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Speaker 2: did have profits of three billion dollars for the first

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Speaker 2: six months of this year, which sounds significant. Of course

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Speaker 2: they have many more billions in revenues, but sometimes they

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Speaker 2: throw out numbers which turn out to be just the revenues.

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Speaker 2: You have to know what the costs are too before

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Speaker 2: you natch and how there a company is doing well.

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Speaker 1: And how far does three billion dollars go when you

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Speaker 1: have seventy five thousand workers on strike? Oh, in terms

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Speaker 1: of giving them raising, in terms of giving them raises

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Speaker 1: and how many hours do they work and what's their

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Speaker 1: healthcare benefits and also in terms of hiring more people,

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Speaker 1: like you said, they have to hire more people because

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Speaker 1: everyone's claiming they're overworked for big paid all.

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Speaker 2: I know.

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Speaker 1: I've mentioned this before that my son had to get

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Speaker 1: a rabies shot because he got brushed by a bat

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Speaker 1: one day, and yeah, we got a bill for thirty

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Speaker 1: six thousand dollars.

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Speaker 2: Okay, so well, I enjoy looking at my colonoscopy bills

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Speaker 2: over the years because it's a back and forth between

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Speaker 2: the union that we have our health insurance with and

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Speaker 2: the person that does that. The company did my colonoscopy,

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Speaker 2: and yeah, it.

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Speaker 1: Starts out with an incredibly high number, but eventually they

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Speaker 1: they work out a figure that they pay.

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Speaker 2: So should party.

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Speaker 4: No, it's really not that exciting.

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Speaker 2: It's just life saving. A doctor come over and give

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Speaker 2: us all colonoscopies.

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Speaker 4: Ken and I are good, and Eric's too young and

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Speaker 4: John long overdue.

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Speaker 2: They're now saying started forty. I've been reading. Yeah, it's

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Speaker 2: there's a lot more younger people getting colon cancer. And

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Speaker 2: it makes sense.

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Speaker 4: I mean, look, colon cancer, if it's caught, if it's

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Speaker 4: caught soon.

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Speaker 2: It is treatable. It is very treatable, right, and you

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Speaker 2: just snip those polyps. That's right. Every month I get

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Speaker 2: this public service.

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Speaker 4: Well, okay, so what are you going to do something

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Speaker 4: about it?

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Speaker 2: This is the most stubborn person in the history of

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Speaker 2: K five. I don't know what we think you're doing.

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Speaker 2: I know what I know better than you. Although you

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Speaker 2: know he did get a semi public prostate exam on

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Speaker 2: the radio.

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Speaker 1: So I've been invaded. I've done my part. He knelt

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Speaker 1: down in a bathroom some baseball field.

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Speaker 2: Invaded again.

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Speaker 1: Well the other yeah, he said, some kind of proposition

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Speaker 1: invasion is coming. You're kind of you're kind of cacking.

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Speaker 5: You're listening to John and Ken on demand from kf

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Speaker 5: I am six forty.

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Speaker 2: Remember the other day, even last hour, we were talking

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Speaker 2: about La County perhaps buying up medical debt of its residents.

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Speaker 2: And I think the other day we were talking about inflation,

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Speaker 2: and you were mentioning that the government's a contributor because

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Speaker 2: the government was handling out so much money the last

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Speaker 2: few years, particularly during the pandemic. Yes, it's always And

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Speaker 2: I said, well, there's one thing we hadn't talk about

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Speaker 2: people are spending more money, and the Wall Street Journal

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Speaker 2: did the story I was looking for. Interest rates are up,

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Speaker 2: inflation remains high, pandemic, savings have shrunk, the labor market's cooling.

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Speaker 2: But guess what household spending is just it's robust. Americans

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Speaker 2: spent almost six percent more in August than a year ago.

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Speaker 2: And I knew it, I said, And it's these people

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Speaker 2: that are profiled in this story don't care. They're running

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Speaker 2: up debt, they're screwing any chance at savings. They want

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Speaker 2: to live like there's no tomorrow. And I think the

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Speaker 2: pandemic is still in people's heads that look what that

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Speaker 2: did to our lives. And I couldn't do anything for

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Speaker 2: a couple of years. They now I'm gonna bust out.

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Speaker 2: They feel they were cheated out of life. Yeah, I

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Speaker 2: know it was later two years, but yeah, I mean

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Speaker 2: that's a long time. But a lot of the people

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Speaker 2: in the story are young. They're in their twenties and thirties,

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Speaker 2: and they're acting like that's it. I'm not going to

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Speaker 2: live like that anymore.

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Speaker 1: Yeah, you know what, they should have been around, too bad.

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Speaker 1: Most of that generation is dead now. But for the

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Speaker 1: depression and World War Two. You know, that was seventeen

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Speaker 1: years out of people's lives, seventeen years, which is why

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Speaker 1: that generation was so different and serious, an adult like,

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Speaker 1: and this generation is a bunch of little toddlers, whining

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Speaker 1: and complaining all the time.

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Speaker 2: It be Hussein, who works in marketing for a communications

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Speaker 2: firm in Brooklyn. He and his fiance, we're looking at

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Speaker 2: buying an apartment.

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Speaker 1: But nah, you know what he did a sixty a

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Speaker 1: sixteen hundred dollars Taylor swift eras tour ticket, sixteen hundred dollars,

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Speaker 1: and then he spent thirty five hundred dollars on a

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Speaker 1: bachelor party trip to Ibiza, Spain. You know, he's a moron,

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Speaker 1: and he works for a financial firm, Yeah.

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Speaker 2: Financial communications.

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Speaker 1: Noah, you're right, but still something should percolate through the

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Speaker 1: thick skull.

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Speaker 6: You know.

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Speaker 1: And then you know what he's gonna He's gonna want

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Speaker 1: some kind of government benefit when he's.

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Speaker 2: Exactly right, and he's gonna he could have some emergency

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Speaker 2: or right when he gets older, right.

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Speaker 1: Well, when he's old and fat and gray, he's going

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Speaker 1: to be demanding that is his healthcare debt be reimbursed

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Speaker 1: because he doesn't have the money to pay, and it's

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Speaker 1: not fair, and I'm entitled to medical care. Bob Baye

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Speaker 1: bah bah, But he spends his twenties or thirties blowing

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Speaker 1: money on Taylor Swift and a bachelor trip.

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Speaker 2: Good lord, that's a barn. Lindsey and Darryl Bradshaw went

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Speaker 2: into credit card debt because they just had to have

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Speaker 2: this vacation to Maui. The trip costs ten thousand dollars

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Speaker 2: because they bought three one thousand dollars last minute plane tickets,

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Speaker 2: ten nights at a four hundred dollars a night four

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Speaker 2: star resort, and several elaborate meals. They just had to

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Speaker 2: do this. I just have never done any of that once.

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Speaker 1: Maybe I should, I'll say right now, I have never

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Speaker 1: had in my life credit card debt.

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Speaker 2: Never. No, we don't either. And one time I went

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Speaker 2: nuts because I forgot to pay the whole bill. I

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Speaker 2: didn't read the number right, and like the next month

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Speaker 2: I got a late payment fee. I'm like, what the sorry?

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Speaker 1: But oh I spent the rest of the night researching

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Speaker 1: what went wrong, and I realized, oh crap, I didn't

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Speaker 1: pay the exact amount I missed.

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Speaker 2: Oh no, It really scares me to have any kind

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Speaker 2: of debt. I hate it. No. Same here.

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Speaker 1: We pay off all the credit card bills every month,

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Speaker 1: and my wife has had a late payment that there

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Speaker 1: was some snaffoo, right and and it showed up as

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Speaker 1: late and she talked talk talks about this for years.

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Speaker 1: Just still can't get over that once snuck through. But

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Speaker 1: we're weirdos. No, you and I really are weirdos about this.

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Speaker 6: As someone who is in the demographic of all of

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Speaker 6: these people who are spending all of this money, I

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Speaker 6: would never do something like this, just because I.

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Speaker 2: Don't even have the funds to do. Well, you just

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Speaker 2: switched Hawaii. I didn't pay for that. Oh yeah, yeah,

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Speaker 2: parents did. My grandparents did.

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Speaker 1: Oh you know the sixteen hundred bucks for Taylor Swift? No,

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Speaker 1: can you imagine? No, I've never paid sixteen hundred for

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Speaker 1: a ticket.

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Speaker 2: For a sports event. Derek, you would spend big, wouldn't

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Speaker 2: you see something you really wanted to see?

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Speaker 6: I think the most I've spent on tickets for a

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Speaker 6: Laker game is probably four hundred dollars.

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Speaker 1: That's kind of the going price for the NBA exactly. Yeah,

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Speaker 1: you're in the upper deck too, Yeah, yeah, in the corner.

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Speaker 1: But that's my point. That's what's going on here. Besides,

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Speaker 1: as you pointed out, government spending, people are spending.

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Speaker 2: They don't care. They're just going to rack up credit

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Speaker 2: card debt and do whatever they have to do. And

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Speaker 2: I don't know.

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Speaker 1: And you would think with inflation that would tamp down

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Speaker 1: on this, but apparently it's not. It's just more expensive.

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Speaker 1: How to just spend. We just must be freaks. Conway

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Speaker 1: and Mark Thompson were in yesterday and as I was leaving,

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Speaker 1: I said, you guys are not going to understand this,

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Speaker 1: but I spent two and a half days in Las

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Speaker 1: Vegas last week and I didn't bet a dime and

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Speaker 1: they looked at me like, I.

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Speaker 2: Hear, yes, that's weird. So that was quite a funny moment.

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Speaker 1: It's hard to believe, not even one dollar in a

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Speaker 1: slot machine.

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Speaker 2: Nothing. I was going to do that, but then.

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Speaker 1: I just I wandered down there once and I was

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Speaker 1: and now just all of too complicated, So I went

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Speaker 1: back to the room.

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Speaker 2: I just wanted to point out, though, one thing, that

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Speaker 2: your record is not exactly pristine. What when you assumed

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Speaker 2: an alienus to get out of a phone bill years ago. Yes,

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Speaker 2: I did, actually several bills. So I need to hear

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Speaker 2: this story. We're at a time. I told it on

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Speaker 2: the Times. It's great. Remember the name never has to

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Speaker 2: do the news.

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Speaker 1: I mean I was a young, starving disc jockey and

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Speaker 1: I had I had a fake name. Uh and uh

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Speaker 1: they would call the house for this fake name.

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Speaker 2: Uh yeah, because I remember your roommates saying where is

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Speaker 2: blah blah?

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Speaker 1: Yeah, this because it might be or they might try

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Speaker 1: to do well. No, Actually what I did is I

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Speaker 1: set up a phone bill in that name. Right, Well,

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Speaker 1: that's what you That's what I did. But that's even worse.

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Speaker 1: But my previous radio that's when that was the good

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Speaker 1: old things, when nobody checked. You could just give any

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Speaker 1: name to the phone company, no proof you. I'll run

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Speaker 1: up the bill and.

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Speaker 2: Care about your history. Right.

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Speaker 1: See. I'm not one of these, you know, moralistic people.

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Speaker 1: I've done a few things, but but I was always broke,

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Speaker 1: and at the previous town, I just ran off on bills.

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Speaker 1: I had a gas credit card bill I undred five dollars.

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Speaker 1: I didn't pay my last month's worth of rent. I huh,

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Speaker 1: I wonder you came.

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Speaker 2: Yeah, he fled everything back like, yeah, I had. Okay,

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Speaker 2: well then you're just as bad.

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Speaker 4: You can't talk about these these young people with the

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Speaker 4: credit card debt?

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Speaker 2: Then who you do?

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Speaker 1: It was a couple of hundred dollars, yes, and I

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Speaker 1: skipped down on it. But I didn't spend money on

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Speaker 1: the table.

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Speaker 2: I didn't take I didn't take a laboratory. I was

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Speaker 2: food insecure. Yeah, they were basic necessities, said Debra. And really,

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Speaker 2: radio money then was incredible. It was incredibly bad. First

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Speaker 2: job one forty a week. Yeah, I got one fifty

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Speaker 2: a week. My first radio job. Oh man, you made

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Speaker 2: that was the same station you made ten more dollars. Well,

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Speaker 2: but I was a year after you or two years

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Speaker 2: after you, I think. So. Yeah, to think a little

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Speaker 2: bit of inflation, that has a lot of inflation. Amazing.

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Speaker 2: All right, we'll be back, John can if.

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Speaker 1: I already given for one fiftyheart radio app ife is

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Speaker 1: not fair.

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Speaker 5: You're listening to John and ken on demand from KFI

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Speaker 5: A sixty.

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Speaker 6: Oh.

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Speaker 2: One of your favorite subjects is now coming up on

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Speaker 2: the Johnny Kenshaw. Wall Street Journal has been on a

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Speaker 2: tear with some good articles lately. This is about EVS,

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Speaker 2: the electric vehicle. Everybody's aware of Tesla. Obviously, editor is

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Speaker 2: aware of the big car companies that are making electric vehicles.

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Speaker 2: A lot of people may not have heard of Rivian.

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Speaker 2: Rivian is right now. One of the things they're doing

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Speaker 2: is they're trying to create the ultimate electric vehicle for

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Speaker 2: a large swath of American vehicle buyers. Those are people

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Speaker 2: that like pickup trucks. If you follow this at all,

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Speaker 2: you probably know that the big car companies Ford Chevy,

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Speaker 2: they're big in selling pickup trucks, SUVs. Pickup trucks is

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Speaker 2: a lot of what they sell. So they have been

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Speaker 2: They raised a lot of money in an initial public

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Speaker 2: offering twelve billion dollars in cash. It became at the

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Speaker 2: time the US's largest IPO in years. This is back

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Speaker 2: in twenty twenty one, and they were determined and still are,

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Speaker 2: to make the ultimate electric pickup truck. But here's where

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Speaker 2: we are right now. The vehicle sells for over eighty

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Speaker 2: grand on average, but Rivian's losing thirty three thousand dollars

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Speaker 2: on everyone it's sold. Actually, the cost of the EV

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Speaker 2: is over one hundred and ten thousand.

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Speaker 1: And they're selling it for eighty Yep. Well that's that's

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Speaker 1: bankruptcy eventually.

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Speaker 2: That's thirty three thousand they lose is roughly the starting

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Speaker 2: price of a good old base model for f one

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Speaker 2: to fifty That would be a Guess car. So that's

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Speaker 2: what we're talking about. That's the scale of this.

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Speaker 1: So the original pile of money they had is eighteen billion,

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Speaker 1: and they've blown half of it. They spent fifty percent

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Speaker 1: of their their seed money and they created a car

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Speaker 1: that they lose over thirty grand on per car.

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Speaker 2: They're not giving up. You're right, they've blown through half

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Speaker 2: of their eighteen billion dollar cash pile. It's all somebody

439
00:20:53,640 --> 00:20:57,359
Speaker 2: else's money, right exactly. And they're a startup, which you

440
00:20:57,400 --> 00:21:01,920
Speaker 2: know that's really difficult to enter the automotive world. Is

441
00:21:01,960 --> 00:21:04,400
Speaker 2: a startup wee, you've never built anything before.

442
00:21:05,240 --> 00:21:08,240
Speaker 1: You could see why their share price is down seventy

443
00:21:08,240 --> 00:21:11,320
Speaker 1: percent from that IPO price of seventy eight bucks, where

444
00:21:11,359 --> 00:21:17,639
Speaker 1: people were obviously exuberant. Yeah, they were considered to be

445
00:21:17,680 --> 00:21:21,199
Speaker 1: worth more money than Ford or GM early on in

446
00:21:21,200 --> 00:21:21,920
Speaker 1: their existence.

447
00:21:22,280 --> 00:21:24,480
Speaker 2: I remember hearing the name years ago, and you know,

448
00:21:24,560 --> 00:21:26,480
Speaker 2: I was thinking, oh, all right, there's going to be

449
00:21:26,520 --> 00:21:30,760
Speaker 2: somebody other than Tesla in this arena. But it looks

450
00:21:30,840 --> 00:21:34,480
Speaker 2: like some of the competitors have not been able to well,

451
00:21:34,560 --> 00:21:36,640
Speaker 2: I mean they've probably they focused on the pickup truck

452
00:21:36,720 --> 00:21:39,080
Speaker 2: because they know a lot of American consumers like to

453
00:21:39,119 --> 00:21:41,480
Speaker 2: drive pickup trucks. So they think, if they make the

454
00:21:41,560 --> 00:21:44,199
Speaker 2: ultimate electric it's going to have all, you know, the

455
00:21:44,440 --> 00:21:49,520
Speaker 2: special equipment eighty thousand dollars and if they lose three

456
00:21:49,600 --> 00:21:51,680
Speaker 2: twenty thousand, they should be selling it for one hundred

457
00:21:51,680 --> 00:21:53,480
Speaker 2: and twenty thousand, right, So how do they square that.

458
00:21:55,119 --> 00:21:57,760
Speaker 2: They think they can bring the cost down over the

459
00:21:57,840 --> 00:21:59,960
Speaker 2: long term, that's what their planning.

460
00:22:00,640 --> 00:22:02,280
Speaker 1: Well if they if they don't do that, there is

461
00:22:02,320 --> 00:22:07,320
Speaker 1: no long term they uh yeah.

462
00:22:07,359 --> 00:22:11,480
Speaker 2: The other ones are lucid Lucid. They're a lucid lucid

463
00:22:11,480 --> 00:22:13,720
Speaker 2: group of struggling to stem heavy losses on sales of

464
00:22:13,760 --> 00:22:16,479
Speaker 2: its first model, what they call the Luxury Air Sedan.

465
00:22:16,520 --> 00:22:19,920
Speaker 2: And Fisker is another one has only begun selling vehicles

466
00:22:19,960 --> 00:22:23,400
Speaker 2: because of that huge launch the Russ and Lordstown motors.

467
00:22:23,560 --> 00:22:26,200
Speaker 2: They already went busted. Oh they did.

468
00:22:26,480 --> 00:22:32,280
Speaker 1: Yeah, So see there there isn't a big market for

469
00:22:32,320 --> 00:22:33,480
Speaker 1: electric vehicles.

470
00:22:33,760 --> 00:22:36,520
Speaker 2: Uh, there just is. Pickup truck is gonna be a

471
00:22:36,520 --> 00:22:39,280
Speaker 2: tough one to overcome. This because this was the government.

472
00:22:39,359 --> 00:22:42,400
Speaker 1: Especially guys loved the room room the pickup truck. Right,

473
00:22:42,560 --> 00:22:44,840
Speaker 1: you don't get that with an EV Right. They make

474
00:22:44,880 --> 00:22:48,200
Speaker 1: no noise. It's not it's not funn if your car's

475
00:22:48,320 --> 00:22:51,160
Speaker 1: engine is not revving. You know, you've got a big car,

476
00:22:51,280 --> 00:22:53,200
Speaker 1: you're gonna drive it fast and you want to show

477
00:22:53,280 --> 00:22:56,480
Speaker 1: off and you know, get your testosterone pumping, and your

478
00:22:56,520 --> 00:22:58,399
Speaker 1: car just silently moves along.

479
00:22:59,000 --> 00:23:02,040
Speaker 2: Should you hear that? The little fix for that that

480
00:23:02,119 --> 00:23:06,560
Speaker 2: evs don't make any noise. There's like, well many of them,

481
00:23:06,600 --> 00:23:09,000
Speaker 2: and I think Tesla's certainly one. They have a little

482
00:23:09,000 --> 00:23:13,119
Speaker 2: worrying sound. One writer described it as like a UFO sound,

483
00:23:14,440 --> 00:23:17,159
Speaker 2: but they added that yeah they did, especially when the

484
00:23:17,160 --> 00:23:19,560
Speaker 2: car is backing up. Huh oh yeah. And if I mean,

485
00:23:19,600 --> 00:23:21,840
Speaker 2: it's not really loud, but if you're within a block

486
00:23:21,920 --> 00:23:24,040
Speaker 2: or a block or half a block, you're gonna hear it.

487
00:23:24,040 --> 00:23:24,520
Speaker 2: You're gonna hear.

488
00:23:25,040 --> 00:23:25,200
Speaker 6: Oh.

489
00:23:25,240 --> 00:23:27,719
Speaker 1: I've walked in the neighborhood and been startled by a

490
00:23:27,760 --> 00:23:31,280
Speaker 1: car sneaking up on me and it's and it's completely silent.

491
00:23:31,600 --> 00:23:33,920
Speaker 2: Yeah, I'm not talking about like those stupid Amazon trucks.

492
00:23:35,040 --> 00:23:37,440
Speaker 2: I mean, it's just a little worring sound. It's fascinating

493
00:23:37,480 --> 00:23:40,680
Speaker 2: listening to. It's kind of uh. Ford is losing four

494
00:23:40,720 --> 00:23:43,160
Speaker 2: and a half billion dollars on its EV business this year.

495
00:23:44,160 --> 00:23:48,120
Speaker 2: I know, but these are the growing pains, John, No, it.

496
00:23:48,080 --> 00:23:50,880
Speaker 1: Doesn't it that there's not that many people that want

497
00:23:50,880 --> 00:23:52,200
Speaker 1: to buy electric vehicles.

498
00:23:52,240 --> 00:23:53,280
Speaker 2: This was the.

499
00:23:53,160 --> 00:23:56,760
Speaker 1: Government mandating an idea that well, a few people are

500
00:23:56,800 --> 00:23:57,400
Speaker 1: interested in.

501
00:23:57,560 --> 00:23:59,800
Speaker 2: And price is clearly a barrier. That's why they're trying

502
00:23:59,800 --> 00:24:02,240
Speaker 2: to keep these things at eighty thousand when it's costing

503
00:24:02,320 --> 00:24:04,640
Speaker 2: one undred and thirteen to build, and then there's still

504
00:24:04,640 --> 00:24:05,800
Speaker 2: the charging problem. Yeah.

505
00:24:05,920 --> 00:24:11,120
Speaker 1: Well, this is when you have the government manipulating a market,

506
00:24:11,840 --> 00:24:14,920
Speaker 1: trying to force products on people they don't want, and

507
00:24:15,320 --> 00:24:19,560
Speaker 1: they've provided lots of tax money to incentivize production and

508
00:24:19,640 --> 00:24:25,000
Speaker 1: also to provide subsidies. It never works, and the communists

509
00:24:25,080 --> 00:24:28,719
Speaker 1: have already proved this. So you know, the whole Biden

510
00:24:28,800 --> 00:24:32,760
Speaker 1: crowd is about like reimagining communism. Yeah, how they love

511
00:24:32,800 --> 00:24:35,680
Speaker 1: to use the word. We're reimagining the police force. They've

512
00:24:35,680 --> 00:24:37,880
Speaker 1: tried to re imagine communism and they're going to meet

513
00:24:37,880 --> 00:24:40,080
Speaker 1: the same end. This is going in the toilet.

514
00:24:41,359 --> 00:24:44,280
Speaker 2: Yeah. It mentions here that it's complicated what they're trying

515
00:24:44,320 --> 00:24:47,280
Speaker 2: to make here with this truck. It requires far more

516
00:24:47,359 --> 00:24:51,000
Speaker 2: metal to provide stability and protect occupants in a crash.

517
00:24:51,160 --> 00:24:54,600
Speaker 2: And the pickup is actually smaller than the Ford F

518
00:24:54,640 --> 00:24:56,600
Speaker 2: one to fifty lightning but at weighs six hundred and

519
00:24:56,600 --> 00:24:59,439
Speaker 2: eighty five pounds more. They have a short sign. It's

520
00:24:59,600 --> 00:25:00,840
Speaker 2: complicate to a symbol.

521
00:25:01,119 --> 00:25:03,560
Speaker 1: They have a shortage of semiconductors. They have a shortage

522
00:25:03,560 --> 00:25:04,440
Speaker 1: of lithium.

523
00:25:04,760 --> 00:25:07,200
Speaker 2: Yeah, they're paying a lot more for the parts too.

524
00:25:07,480 --> 00:25:11,880
Speaker 1: Yeah, so it's not a real business yet.

525
00:25:12,960 --> 00:25:14,480
Speaker 2: They're not there. You're right, all right, We got more

526
00:25:14,480 --> 00:25:17,840
Speaker 2: coming up. Johnny Ken KFI AM six forty. We're live everywhere.

527
00:25:17,840 --> 00:25:19,000
Speaker 2: It's the iHeartRadio app.

528
00:25:19,600 --> 00:25:22,960
Speaker 5: You're listening to John and Ken on demand from KFI

529
00:25:23,200 --> 00:25:24,119
Speaker 5: AM sixty.

530
00:25:27,400 --> 00:25:29,879
Speaker 1: They're having the Sam Bankman free trial, you know, the

531
00:25:29,960 --> 00:25:34,320
Speaker 1: FTX scam. Yes, one of the witnesses is Adam Yadidia

532
00:25:34,920 --> 00:25:38,240
Speaker 1: and he worked at FTX. And while he's on the stand,

533
00:25:38,280 --> 00:25:41,720
Speaker 1: they're playing some of the celebrity commercials that promoted FTX,

534
00:25:42,359 --> 00:25:46,240
Speaker 1: remember with Gazelle Bunchin and Tom Brady and Larry David

535
00:25:46,840 --> 00:25:49,960
Speaker 1: and at after they ran the commercials, the judge in

536
00:25:50,000 --> 00:25:54,240
Speaker 1: the case, Lewis Kaplan turned to Yadidia and said, quote,

537
00:25:54,840 --> 00:25:55,840
Speaker 1: who is Tom Brady?

538
00:25:56,560 --> 00:26:02,320
Speaker 2: Oh no, that's funny, but he knew who is Ill

539
00:26:02,400 --> 00:26:04,240
Speaker 2: bunchin I don't know.

540
00:26:05,280 --> 00:26:07,800
Speaker 1: The question was about Brady and I'm thinking, now, this

541
00:26:07,880 --> 00:26:10,400
Speaker 1: guy's a judge, so you know he's not.

542
00:26:10,400 --> 00:26:13,359
Speaker 2: Doesn't follow football, does it? But you know Tom Brady

543
00:26:13,440 --> 00:26:18,360
Speaker 2: kinda is everywhere for a particularly that divorce. He's got

544
00:26:18,400 --> 00:26:21,760
Speaker 2: so much coverage. And you know how many six Super

545
00:26:21,760 --> 00:26:22,280
Speaker 2: Bowls he won.

546
00:26:22,640 --> 00:26:26,639
Speaker 1: He's the goats seven seven Super Bowls.

547
00:26:27,520 --> 00:26:31,840
Speaker 2: Acted by the Duke Sports. Who is Tom Brady? That's

548
00:26:31,880 --> 00:26:35,600
Speaker 2: That's something else. We have a horrifying story out of

549
00:26:35,640 --> 00:26:38,320
Speaker 2: New York City. This is what happens when you let

550
00:26:38,359 --> 00:26:42,160
Speaker 2: homeless mental patients roam the streets. A man described by

551
00:26:42,560 --> 00:26:45,960
Speaker 2: people as an activist and a poet named Ryan Carson

552
00:26:46,040 --> 00:26:48,400
Speaker 2: was sitting on a bus stop bench in Bedsty that's

553
00:26:48,400 --> 00:26:51,360
Speaker 2: what they call it, back East Bedsty, Bedford Stuyvesant, Yes,

554
00:26:51,440 --> 00:26:53,800
Speaker 2: neighborhood in New York anyway, with his girlfriend. They were

555
00:26:53,840 --> 00:26:57,879
Speaker 2: coming back from a wedding just before four am on Monday.

556
00:26:58,520 --> 00:27:01,320
Speaker 2: He was actually still wearing a suit, she was in

557
00:27:01,359 --> 00:27:03,600
Speaker 2: a gown. They got up and began to walk down

558
00:27:03,680 --> 00:27:06,280
Speaker 2: the street in the same direction as the guy in

559
00:27:06,320 --> 00:27:10,159
Speaker 2: a dark sweatsuit. Well, the guy in the dark sweatsuit,

560
00:27:10,200 --> 00:27:13,320
Speaker 2: walking just feet in front of them, started kicking scooters

561
00:27:13,359 --> 00:27:16,959
Speaker 2: over for no reason. And then he turned around and

562
00:27:17,000 --> 00:27:19,840
Speaker 2: he said to Carson, what the bleep you're looking at?

563
00:27:20,600 --> 00:27:23,120
Speaker 2: And Carson said, I'm not looking at anything, but that's

564
00:27:23,119 --> 00:27:27,760
Speaker 2: all it took. I'll kill you. The maniac says, there's

565
00:27:27,800 --> 00:27:32,800
Speaker 2: actually street surveillance camera footage that picked this up. Well,

566
00:27:33,480 --> 00:27:36,560
Speaker 2: Carson pleads with him to just chill, holds up his hand,

567
00:27:37,200 --> 00:27:40,720
Speaker 2: but the attacker starts chasing him. Carson runs back towards

568
00:27:40,800 --> 00:27:44,040
Speaker 2: the bench, but the attacker eventually is able to knock

569
00:27:44,119 --> 00:27:47,960
Speaker 2: him down and stab him numerous times and pierced his heart.

570
00:27:47,960 --> 00:27:53,640
Speaker 1: He died, Oh, yep, that's that's the nightmare. Every time

571
00:27:53,640 --> 00:27:55,800
Speaker 1: I walk by one of these guys, I think about that.

572
00:27:57,880 --> 00:28:00,400
Speaker 2: And you gotta be really careful because what he looking

573
00:28:00,440 --> 00:28:03,320
Speaker 2: at is that's exactly what they'll do. No eye contact,

574
00:28:03,440 --> 00:28:07,080
Speaker 2: no words, No, you gotta go nut down. Then he

575
00:28:07,119 --> 00:28:10,800
Speaker 2: went over to the woman. Fortunately he did not kill her,

576
00:28:11,000 --> 00:28:15,720
Speaker 2: but he spit on her and he stormed away. Yeah,

577
00:28:16,040 --> 00:28:18,560
Speaker 2: all right, and it turns out some unknown woman comes

578
00:28:18,560 --> 00:28:21,679
Speaker 2: around the corner too late, screaming, don't hurt him. I

579
00:28:21,680 --> 00:28:25,880
Speaker 2: guess she knows the crazy guy seems to repeat name

580
00:28:26,080 --> 00:28:28,119
Speaker 2: Brian or Brian atam it.

581
00:28:28,240 --> 00:28:30,480
Speaker 1: But yeah, and a guy he should have been locked

582
00:28:30,560 --> 00:28:33,679
Speaker 1: up in a mental institution. Yeah, no word whether not

583
00:28:33,680 --> 00:28:35,520
Speaker 1: they've caught this guy yet, but it looks like they

584
00:28:35,520 --> 00:28:37,760
Speaker 1: have a lot of surveillance and information.

585
00:28:37,480 --> 00:28:39,160
Speaker 2: That that's what's gonna happen.

586
00:28:39,240 --> 00:28:42,600
Speaker 1: He's violent mental patient and he should be locked up,

587
00:28:42,800 --> 00:28:44,440
Speaker 1: and they don't want to lock him up anymore. So

588
00:28:44,840 --> 00:28:46,920
Speaker 1: a guy's gonna get stabbed out of nowhere. And you

589
00:28:46,960 --> 00:28:49,760
Speaker 1: wonder why people are afraid to walk around the big city.

590
00:28:49,840 --> 00:28:51,760
Speaker 2: Well, and a bus bench.

591
00:28:52,200 --> 00:28:54,120
Speaker 1: Well yeah, Plus, he shouldn't be out at that hour,

592
00:28:54,960 --> 00:28:57,920
Speaker 1: Absolutely should not be out, not agree at that hour,

593
00:28:58,000 --> 00:29:01,400
Speaker 1: because that's all that's all that exist night creatures.

594
00:29:01,640 --> 00:29:05,440
Speaker 2: Nothing good happens, right, is our theory. Nothing conways here.

595
00:29:05,680 --> 00:29:08,240
Speaker 7: By the way, I've I've tried to live my life

596
00:29:08,280 --> 00:29:12,040
Speaker 7: by your theory when you started it decades ago, and

597
00:29:12,120 --> 00:29:15,880
Speaker 7: you both of you had said nothing good happens after midnight.

598
00:29:16,200 --> 00:29:17,960
Speaker 2: And that kept you indoors. Huh.

599
00:29:18,200 --> 00:29:21,520
Speaker 7: I tried to be in by midnight. I'm not going

600
00:29:21,520 --> 00:29:23,080
Speaker 7: to bed at midnight, but I try to get back

601
00:29:23,120 --> 00:29:23,440
Speaker 7: home right.

602
00:29:23,800 --> 00:29:26,320
Speaker 2: Even in your younger romping days, no no, no, no.

603
00:29:26,440 --> 00:29:27,040
Speaker 2: After ten.

604
00:29:27,560 --> 00:29:31,520
Speaker 7: There was some great times I've had between midnight and

605
00:29:31,560 --> 00:29:32,160
Speaker 7: six am.

606
00:29:33,320 --> 00:29:36,120
Speaker 2: Not anymore. I'm too old for them. You just gather

607
00:29:36,240 --> 00:29:37,840
Speaker 2: your intoxicants and going to it.

608
00:29:37,880 --> 00:29:41,880
Speaker 7: I remember I had a curfew of midnight in high school, which.

609
00:29:41,760 --> 00:29:43,720
Speaker 2: Was pretty good. You know, yeah, that is yes.

610
00:29:43,760 --> 00:29:46,560
Speaker 7: And I remember getting home one day at around I

611
00:29:46,560 --> 00:29:48,960
Speaker 7: don't know, six thirty in the morning, you know, turn

612
00:29:49,040 --> 00:29:51,160
Speaker 7: the alarm ons, jumped in bed. My dad woke me

613
00:29:51,200 --> 00:29:52,800
Speaker 7: up at nine. He goes, say, what time did you

614
00:29:52,800 --> 00:29:54,480
Speaker 7: get home last night? I said, I don't know, eleven

615
00:29:54,560 --> 00:29:59,640
Speaker 7: fifty seven, eight ish something like that, and he starts

616
00:29:59,680 --> 00:30:03,440
Speaker 7: walking out and he says, oh, that's funny. He says,

617
00:30:04,720 --> 00:30:07,160
Speaker 7: the La Times gets delivered at five thirty. And he

618
00:30:07,200 --> 00:30:10,239
Speaker 7: walks away, and I'm like, hey, whoa, whoa, whoa, What

619
00:30:10,240 --> 00:30:11,880
Speaker 7: does that have to do with me? He goes, your

620
00:30:11,880 --> 00:30:19,200
Speaker 7: car's parked on it caught And that's when the La

621
00:30:19,320 --> 00:30:21,600
Speaker 7: Times was like three feet thick. You know, all the

622
00:30:21,640 --> 00:30:23,280
Speaker 7: classified ads is.

623
00:30:23,320 --> 00:30:24,040
Speaker 2: Up on an angle.

624
00:30:26,400 --> 00:30:28,719
Speaker 7: Who do we have on time? We've got time. Oh,

625
00:30:28,760 --> 00:30:30,440
Speaker 7: the guy with LA in a Minute, You know that

626
00:30:30,480 --> 00:30:32,480
Speaker 7: guy who does the videos L A and a Minute.

627
00:30:32,520 --> 00:30:34,560
Speaker 2: Yeah, we were just talking about that. He's very popular,

628
00:30:34,760 --> 00:30:36,760
Speaker 2: that guy about the transmitter.

629
00:30:36,800 --> 00:30:38,920
Speaker 7: Yeah, Evan love it. Yeah, yeah, yeah, yeah, yeah. But man,

630
00:30:38,960 --> 00:30:40,880
Speaker 7: I've been I've been looking at his stuff for about

631
00:30:40,920 --> 00:30:44,080
Speaker 7: five or six years, and of course kf I just

632
00:30:44,120 --> 00:30:45,960
Speaker 7: recently hooks up to it. I'm like five or six

633
00:30:46,080 --> 00:30:47,160
Speaker 7: years ahead of Yeah.

634
00:30:47,160 --> 00:30:49,640
Speaker 1: He did something on the on the can't f I transmitter,

635
00:30:49,720 --> 00:30:51,720
Speaker 1: that's right, yes, yes, a lot of a lot of

636
00:30:52,000 --> 00:30:54,040
Speaker 1: national security and a lot of things I didn't know.

637
00:30:54,280 --> 00:30:57,280
Speaker 7: You know that it was protected by guards, armed guards

638
00:30:57,320 --> 00:30:58,640
Speaker 7: during the you know, World War two.

639
00:30:58,680 --> 00:30:59,280
Speaker 2: That's wild.

640
00:31:00,000 --> 00:31:01,560
Speaker 1: Oh well, yeah, we would have been the main source

641
00:31:01,640 --> 00:31:03,640
Speaker 1: of information information, that's right.

642
00:31:04,000 --> 00:31:05,959
Speaker 7: Anyway, he's going to come on at four o'clock. Then

643
00:31:06,040 --> 00:31:08,440
Speaker 7: we have Dean Sharp. He's gonna come on tonight and

644
00:31:08,440 --> 00:31:10,680
Speaker 7: said it in marks. He's going to that sphere for

645
00:31:10,760 --> 00:31:14,920
Speaker 7: the YouTube or YouTube YouTube youtubetube.

646
00:31:14,760 --> 00:31:18,000
Speaker 2: And then YouTube is on YouTube theater.

647
00:31:18,120 --> 00:31:21,160
Speaker 7: Yeah, and then Orny Adams coming in six o'clock.

648
00:31:21,240 --> 00:31:24,000
Speaker 2: All right, right, a lot of fun tonight, lot of god,

649
00:31:24,280 --> 00:31:25,000
Speaker 2: a lot of fun.

650
00:31:25,520 --> 00:31:30,720
Speaker 1: Yeah, the News Cafe Dog Yeah, Am six forty, Hey.

651
00:31:30,520 --> 00:31:32,200
Speaker 2: You've been listening to the John and Ken Show. You

652
00:31:32,200 --> 00:31:34,840
Speaker 2: can always hear us live on kf I Am six

653
00:31:34,960 --> 00:31:38,240
Speaker 2: forty one pm to four pm every Monday through Friday,

654
00:31:38,280 --> 00:31:41,880
Speaker 2: and of course, anytime on demand on the iHeartRadio app