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This is your wake up call for Tuesday, August nineteenth.

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I know you're probably sitting there procrastinating getting out of bed.

Snooze buttons, don't do it, don't do it.

You know what, when I used to work at morning radio, I used to fight with the snooze for like an hour every day.

It was miserable.

And now I don't do the snooze at all ever.

Never Just up and boomp go because you're not getting good sleep anyway.

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It's stressful, so no excuse.

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Here's what's ahead on wake up call.

Following what's being called a successful meeting between President Trump, Ukrainian President Zelenski, and several world leaders at the White House, President Trump says he's arranging a meeting between Zelensky and Russia's President Putin outside the White House.

After the meetings, Zelenski said a date has not yet been set.

Kfi's White House correspondent John Decker was in the room yesterday.

He's going to join us in just a couple of minutes to give us his take on the rather historic meeting yesterday.

A woman who shot a man at California Closets in Huntington Beach has been shot and killed by police.

Police say the man was shot around seven fifteen yesterday morning and taken to the hospital.

About two hours later, police pulled over the suspected shooter in Southgate.

The woman pulled a gun, officers shotter.

There's no word on what the woman's motive for the shooting may have been.

A late summer heat wave is about to settle in on the Southland.

Triple digit temperatures and low humidity will mean high fire danger for the rest of the week.

The heat up begins tomorrow and peaks on Thursday.

Some valley areas could hit one hundred and ten.

It's going to stay hot right on through the weekend, with a gradual cool down starting Sunday as kids head back to class.

Dangers lurking.

Parenting expert Richard Ramos joins us to talk about how families can prepare not panic.

I'm looking forward to this conversation.

And the so called ketamine Queen has pleaded guilty to charges in Matthew Perry's death.

ABC's Brian Clark has the latest on that coming up at the bottom of the hour.

The how Housed, The host of How to Money on KFI, Joel Larsgard's going to join us this morning to talk about how your next mortgage can cost you an arm but not a leg, and whether that's a good thing.

And do you know your credit score?

Well, there's a whole generation apparently that's not paying attention to theirs.

I'll tell you about that.

That's coming up before the top of the hour.

Let's get started with some of the stories coming out of the KFI twenty four hour newsroom.

The parents of a missing seven month old boy in San Bernardino County are now reportedly the focus of the investigation.

Kfi's Mark Mayfield's is the mom.

Rebecca Harrow reported her son was kidnapped Thursday in u Kaipa.

She said an unknown man assult did her in a parking lot and took her baby.

Since then, she has stopped cooperating with detectives, who say her story doesn't totally add up.

There are reports that the mom might have had her black eye over a week before the reported kidnapping, that no one at the park where the mom claimed to be saw the boy, and that his father's conviction in twenty twenty three for child cruelty.

The family's home and Cabizon was searched over the weekend and the two year old child was an A two year old child was removed from the home.

The so called Ketamine Queen has agreed to plead guilty to selling Matthew Perry the drug that killed him.

Jasbin Sanga is the last of five people charged in the actor's overdose death in twenty twenty three.

She's looking it up to forty five years in prison.

Two doctors have also pleaded guilty In the case, a woman has been beat up and knocked out at a concert at the Rose Bowl.

The woman from Arizona.

It was at the Rufous Dussaul show on Saturday.

She says when she and her friend got to their seats, they accidentally spilled a drink on a man in front of them.

She says they apologized, but he yelled at her and said it was intentional, then ran off.

She says he came back about a half hour later, started screaming and making threats, and then punched her in the face, knocking her out.

It was all caught on video.

Police are trying to find the guy that No arrests have been made.

California has filed it's thirty ninth lawsuit against the Trump administration.

Attorney General Rob Bonta joined his counterparts from twenty one other states ensuing the federal government over the Victims of Crime Act.

Bonta says the grants provided by the program are being threatened, with sanctuary states for illegal immigrants being blocked from receiving them.

The Trump administration is trying to leverage vulnerable people to force states to capitulate with its immigration agenda.

The Attorney's General say more than one billion dollars in funding that helps people come forward to assist with criminal investigations could be cut from them.

Michael Monks, KFI News.

Let's say good morning now to kfi's White House correspondent John Decker.

So, John, you were in the room yesterday with President Trump and Ukraine's President Zelenski, the leaders of the UK, France, Germany, Italy, Finland, and NATO's Secretary General.

Please tell us about what happened.

Well, that's right.

So I was in the Oval Office when the President met with President Zelenski first in the early afternoon.

That was an interesting meeting in the sense that this was the first time that President Zelenski had been back to the White House since February the twenty eighth, when that big blow up occurred in the Oval Office.

Much different dynamic now.

The President clearly is looking past what happened several months ago and has really focused quite frankly, on trying to bring about a piece an end to this war which has been going on for three and a half years now.

And then in the afternoon, the President met with those European leaders that you just mentioned in the East Room, trying to get everybody on the same page.

And I think what I heard from them, they are on the same page.

There is unity in terms of the path forward to try to end the war.

Okay, they say they made good progress, did they give specifics?

Well, I think progress has made in certain areas, and in fact, German Chancellor Mertz said yesterday in the East Room, Now the hard part really begins.

The President said he is open certainly to this idea of providing security guarantees for Ukraine once a peace deal is reached.

I don't think that's going to mean American boots on the ground, but it will mean America backing up the Europeans who will have boots on the ground to prevent Russia from attacking Ukraine in the future.

The tough part is figuring out where the territorial concessions will be made by both Ukraine and also by Russia.

There needs to be some give and take, and the President spoke about a meeting that could occur following his meetings at the White House yesterday.

The meeting could be a bilateral meeting involving just Zelenski and Putin, or it could be a trilateral meeting in which President Trump would also be president serving as the mediator at such a meeting.

Yet during the kind of the little.

It wasn't a round table, while they were talking, the president said a if you want me in on that meeting, I'll be there.

In Zelenski's reaction to that was pretty positive.

It was you know, I think that what I heard from Zelensky yesterday, Amy was essentially this idea of anywhere, any place, I'll be there.

I mean, he wants to put an end to this war.

His country has been certainly suffering on a daily basis with these drone strikes, these missile strikes happening in civilian areas in his country, and you know he's all on boarant In fact, five months ago, Amy, President Zelenski agreed to a ceasefire that has not been agreed to by Russia and President Trump in a response to my quest yesterday, pretty much indicated that that idea is off the table, not because the president doesn't want it, it's just simply because it takes two to tango, and President Putin will not sign on to that.

Okay, it was the meeting yesterday.

I want to kind of get.

The what was the vibe of it, because from watching it on television, it sounded pretty upbeat like that.

Everybody like you mentioned seemed to sort of be on the same page.

Is that the feeling that you pot or was that all for cameras.

No, it wasn't all for cameras.

You know, there was this nervousness that existed back on February the twenty eighth.

You could cut the tension in the room with a knife.

That was not president yesterday.

In the Oval Office yesterday, it was a much warmer feeling.

And you know, the President I think expressed some warmth to Presidents Linsky.

He respects what his country has done in warding off Russia for three and a half years.

It's really impressive, and the President acknowledges that.

And President's Lensky for his part, very appreciative, thankful for what the United States has done for his country.

So, no, it was a good feeling, a good mood yesterday in the Oval Office yesterday, and that's set up that expanded meeting that took place in the East Room with those European leaders, and that lasted many hours.

In fact, we were just in at the top of the meeting, but the meeting lasted for many hours after we left the East room.

All Right, kfi's White House correspondent John Decker, thanks for the update.

We appreciate it.

Thank you.

All Right, let's get back to some of the stories coming out of the KFI twenty four hour newsroom.

Federal judge in Miami has issued a split decision in a lawsuit over the legal rights of detainees at the so called Alligator Alcatraz immigration detention Center.

The judge dismissed part of the suit and also moved the case to a different different jurisdiction.

The claims are that the detainees at the facilities don't have confidential access to their lofelawyers or hearings in immigration court.

Those were rendered moot when the Trump administration recently designated the Chrome North Processing Center near Miami as a site for their cases to be heard.

So this one continues.

Hamasas it'll agree to the latest ceasefire plan.

In the agreement, hamasa's it will exchange hostages, some living, some dead, for Palestinian prisoners.

It also wants some other concessions.

The word of an agreement comes as Israel prepares to launch a massive assault to occupy Gaza city.

It's not clear if Israel's going to agree to the ceasefire worked out by mediators from Qatar and Egypt.

A ship loaded with twelve hundred tons of food supplies for Gaza is expected to arrive today at the Israeli port of Ashtod.

The Panamanian flagged ship is loaded with fifty two containers carrying things like flour, rice, pasta, baby food, and canned foods.

Israeli customs officials screened the ship at Cyprus's main port for security reasons.

House Democrats in Texas who left the state to prevent a vote on redistricting have returned, but they're still fighting the effort.

ABC's Brian Clark says one of them locked herself in the Texas Capitol overnight.

The democrat's return allowed House business to proceed, including passage of the Republican redistricting plant.

The Republican majority did not forgive the quorum breakers, requiring each to consent to a public safety escort in order to leave the capitol.

Representative Nicole Collier refused.

She says she's tired of being pushed around and told what to do when she disagrees with the actions of government.

Electric vehicle drivers will no longer be able to use the carpool lanes while driving alone starting in October.

Brian Moody with Kelly Bluebook says they'll need to carpool or pay for fast track to use the express lanes.

That feels like a little bit of a cynical solution, because you're essentially saying, if you can pay, you're afforded the convenience of being in the carpool lane.

The state's Clean Air Vehicle Decal programming to promote cleaner air by letting over a million evs access faster lanes without those extra passengers, but of course that's coming to an end.

Hurricane Aarin has forced some evacuations on North Carolina's outer banks.

ABC News meteorologist Jeff Smith says that category three storm will turn away from the eastern US and won't make landfall, but it's going to get closed.

Along the entire East coast from Florida up to Maine.

We're talking about destructive waves, high risk of rip currents, and coastal flooding out There could be waves up and over fifteen feet outer banks by Wednesday, and up to twelve feet Jersey Shore up to Long Island and Cape Cod By Thursday.

Aaron was packing one hundred and fifteen mile per hour winds early this morning.

Well, people are love and liquor a lot less.

A new surveys as alcohol consumption is at record lows.

Gallup's annual consumption survey says fifty four percent of American city and Biben booze, compared to fifty eight percent last year sixty two percent the year before.

That's as we get further from the drinking binge days of the pandemic.

At fifty four percent is just below the previous law of fifty five in nineteen fifty eight and since the survey began in nineteen thirty nine, and for the first time, most Americans say even moderate drinking is harmful.

Gallup says the drop in drinking does not appear to be because of other things, including marijuana, where recreational pod is now legal in nearly half the states.

Michael Krozier KFI News.

A twenty year old man has pleaded it not guilty to murder charges in the death of a five year old boy whose body was found near a trashman in Panorama City.

Prosecutors say Bryson Gaddis killed Elijah Hern, whose body was found near the dumpster in a parking lot on Van Nuy's Boulevard July twelve.

Gaddis remains in jail on two million dollars bail.

LA County Supervisor Janis Hans announced a twenty thousand dollars reward for information leading to the arrest and conviction of the person who killed a seventeen year old high school graduate in Torrance.

Kyler Peyton was shot June eighteenth at an end of school year pool party.

Peyton had just graduated from Culver City High School.

No one matched all six winning powerball numbers from last night's drawing.

That'll push the jackpot up for the next drawing tomorrow night to six hundred and forty three million dollars.

The odds of matching all five numbers plus the powerball are one in two hundred ninety two million.

Ah, so you're saying I have a chance.

Sure?

At six oh five five it's handled.

On the news, the state Department has revoked more than six thousand student visas.

Bill's going to tell you about that.

Let's say good morning now to California based internationally recognized parenting expert and leader Richard Raymos, Good morning, Richard.

Good morning, Thank you for having me, Thanks.

For coming on so early.

So kids are headed back to school and danger is lurking.

The FBI's new Crime in Schools Report for twenty twenty to twenty twenty four is out.

What does it show us?

Well, I think it shows us that we as parents need to be really pay more attention to the competition that we're facing on a consistent twenty four seven sixty five basis, especially in regards to social media.

So many of these social media influencers are really luring kids into all kinds of different activities, and I think that that report reflects those activities that are being influenced through social media constantly, constantly.

FaceTime is replacing I should say Facebook is replacing FaceTime with parents.

Okay, and Richard, what are some of the numbers that are coming out?

Well, I think there has been over a million, million point two perpetrators, and I think it was over a million pretty close to that same number of victims.

And that is staggering number when you really think about and these are young people, so it's a pretty staggering number.

And again I just think it's a wake up call for parents.

Okay.

And you also say that in this report or that when kids head back to class, September is an especially tough time because that's when the number of crimes spike.

Well, that's right, and I think part of that is again just them readjustment to back to the structure of school.

But during the summer they've been active in all kinds of activities that are not productive or positive.

That just carries right over into school.

But usually after September it gets close to vacation and Thanksgiving and Christmas, teams start to settle down.

But at the beginning of the year, it's kind of an almost unexplainable why September is have such a high incident of those kinds of acts.

Okay, Richard, you say that school safety starts at home, So how do you start, Because you don't just send your kids off and hope for the best.

You need to be proactive at least set your recommendation.

So explain to us what you mean by that.

Well, I think that the first thing parents need to do is we need to constantly be looking within ourselves.

That's the main thing I stress is we have to continually grow in our personal growth and emotional maturity.

This is not something that you can just flick a switch with our kids because of school time or whatever time it is.

This is something that has to be an ongoing growth process within ourselves and then that reflects to our kids.

And the issue is loyalty and parents should not take the loyalty of their children for granted, and they need to recognize the reality of the daily battle they are in for the heart, mind, and loyalty of their children.

Okay, and when you say that, you're talking about you mentioned competitions, So you know, mom and dad are the ones who guide you and direct you.

But more and more social media is pulling them away and they're being influenced by influencers, by other outer sources that might not have the best intentions.

For your kids.

Well, that's absolutely right, and again it's it's a real wake up call.

Parents need the competition.

I call it the four ms movies, music, magazines, and media or social media.

And it's all about the messaging.

What is the message of the lyrics that are the music the kids listen to, What is the message of the movies that they are watching that they have access to even on their phone all the time, online magazines with all kinds of you know, how to make bombs and how to make guns and how to I mean just it's crazy.

But social media and the social media influencers, to me, that's where mom and dad really need to understand.

That is your battle, that is your competition.

Do not take the loyalty of your children for granted.

Okay, So then what are some things specifically that parents should be doing to keep that loyalty at home as opposed to letting it shift over to outside courses.

Well, it's making what's called the secure attachment, and that starts it actually can start in the womb, but by a secure attachment, meaning that our kids feel that they are heard, they feel they are seen, they feel that they are valued, their self works up the SeeMe.

All of those things play such important role.

And of course it starts very very early, as I mentioned, but for older kids it's still not too late.

I call it the role of the farmer, where mom and dad just continue to plant plow water.

Those are metaphors for attention and affection and words of affirmation and things like that.

And when you do that, if you have a sun or body.

That's kind of getting off the track.

When you do that, it's hard work.

You're putting the law the harvest on your side, which means that whatever we show, we're going to read and when we're doing those kinds of positive activities, we are bringing back that attachment that our tids need to have with us as parents.

Okay, so it sounds like the message is just be involved in your kid's life.

I know it's easy to kind of let those forums take over.

They're like, ah, somebody else can take care of it, but as parents, you need to really stay in there and know what your kids are doing.

That's right.

I believe the role of parents is being undermined and lots of different ways, whether it's government trying to take over the role of mom and dad, or schools or colleges, and that really is the battlefield that a lot of parents are we're facing today.

Okay, Internationally recognized parenting expert and leader Richard Ramos, thanks so much for the information.

Is there anywhere to get more information about this and maybe some ideas that you have to help.

Yeah, people can go to my website Richard R.

Ramos dot com.

Don't forget the middle of initial Richard R.

Ramas dot com plenty of free resources, information books and things like that, the online courses and things like that that they can find there.

Everyone can use a healthy ham.

Richard Ramos, thanks so much for your time.

Appreciate it.

Thank you for having me all right.

The LA Fire Department is pre positioning crews around the city as a heat wave gets ready to descend on the Southland.

The department has added Crew four.

It's a team of twenty six full time wild land hand crew technicians.

They're trained to respond to wildfires.

Temperatures over the next few days could hit one hundred and ten in the valleys and mountains.

A flight attendant strike that has grounded Air Canada flights is over.

The union representing more than ten thousand flight attendants says an agreement has been reached.

Air Canada will now gradually resume operations.

If you're flying Air Canada, you can't expect delays as the airline tries to play catchup.

The company that makes those empics is it's cutting the cost of the weight loss drug by about half if you pay with cash.

That means people will be able to buy it for four ninety nine a month through Novo Nordisk's cash pay pharmacy Novo Care.

At six o five a tendle on the news, President Trump, We're going to set up a face to face between Russia's President Putin and Ukraine's President Zelenski.

Let's say good.

Morning now to ABC's Brian Clark.

Good morning, Brian.

The ketamine queen has agreed to plead guilty to charges for her role in Friends star Matthew Perry's death.

Yeah, that's right, Amy.

She's going to be the fifth and we think final person to plead guilty or agree to plead guilty in connection with Matthew Perry's twenty twenty three death.

And she's facing a long time in prison.

She was one of the two, let's say, big fish that prosecutors were going after in terms of this drug ring.

And they say that in the plea agreement, she admitted to supplying ketamine to another man who died of an overdose back in twenty nineteen.

Okay, and how much ketamine did she give and to Perry And when did that all happen?

Well, they said it happened over a long period of time, a period of many months, and they said that in October alone of twenty twenty three, the month Perry died, she sold him more than fifty vials of ketemine.

And all of this went through Perry's living personal assistant, Kenneth Iowa Massa, who actually injected him with the ketamine the day he died.

I Will Massa already agreed to plead guilty and cooperate against saying Ho the ketamine queen.

So this is part of that larger group that prosecutors were going after, Okay and Brian.

So she is the one who then didn't inject him necessarily, but delivered the deadly dose to him.

At least that's what he was.

The supplier exactly exactly.

And she's the last of them.

There were five.

And who's the other big fish.

The other big fish was a doctor who already agreed to plead guilty, Doctor Salvador Placentia.

He plug guilty to four counts of distribution of ketamine.

He did not supply the dose that actually killed Matthew Perry, but he had supplied a lot of ketamine during that time as well.

He's going to be sentenced in December.

Another doctor and Iowa Masa they pled guilty, they're facing less time in prison, but the most charges were saying five charges, including one distribution of ketamine resulting in death.

That's the death of Matthew Perry.

She faces more than forty years in prison.

Okay, and then everyone else changed charged pleaded out.

So there's not going to be any trials on this.

Is that correct?

No, she was the one that we thought would still go on trial.

A trial is actually supposed to start later this month, and then a few weeks ago was delayed, which was a sign that maybe there was a plea negotiation taking place.

And now that's what's happened.

She's agreed to plead guilty.

We still don't know exactly when she's going to formally enter that plea, and then when she does that, we'll learn when she'll be sentenced.

Okay, And Brian, if she hadn't made the plea, what kind of sentence could she have been facing.

If she had been found guilty.

She could have been facing even more because she was facing additional charges.

I think there were three other counts that were dropped in exchange for this plea agreement.

So she's still looking for still looking at a long time in prison, but it could have been even more.

Okay, and she's called the ketamine queen.

Is has she been charged in any other or convicted in any other.

Drug crimes or no?

No, it came to be from this Perry investigation.

But now more stuff has come out.

Like we mentioned, she admitted to that her involvement in that twenty nineteen overdose, that distribution, but this is the only criminal charges against her.

Okay, Well, hopefully we can put this one to rest.

Brian Clark, ABC News, thank you so much for the information.

Thank you all Right, time to get in your.

Business now with Bloomberg's Dan Schwartzman in this week for Courtney Donahoe.

Good morning Dan, Good morning Amy.

How are you good?

So I just mentioned this a couple of minutes ago, but it looks like Air Canada is going to be taking to the skies again.

Yeah, good news because we went into today or this morning not knowing what would happen.

I think the company also was getting a little nervous the number of flights that have been canceled, the number of passengers who are not flying, meeting the amount of revenue they've lost.

But now the union representatives have come out, So the strike had ended after a quote tentative of agreement was reached overnight crew members.

As we know, they were seeking higher pay and also compensation for times when the plane's not in motion, such as when passengers are boarding.

Air Canada says it plans to reduce or gradually resumed service.

The first flight should start this evening.

The service fully restored in seven to ten days.

So thankfully that strike has now ended.

And if you are Air Canada passenger, well get ready to fly.

Yeah how long did this strike last?

Because I just started hearing about it a couple of days ago.

It began Saturday, so couple of days.

Yeah, but you think about it, Amy, I mean, you know, a couple of days a major airline like Air Canada.

You're talking, you know, hundreds and hundreds of thousands of flights really if you think about it, and you know, lots of passengers not being able to redeem their tickets, so it was very hectic for them.

Yeah, well, good that they're going to get that result.

Home Depot's second quarter results are in and they are.

So, so let's put it this way and assign the consumers, Amy, are staying away from big purchases.

The key Home Depot sales metric camean shy of expectations.

Comparable sales grew just one percent in the fiscal second quarter, less than analysts had expected, but it was an improvement from the prior quarter.

The Home Improvement Giants CFO Richard McPhail said the company's results were in line with its expectations, though mcphil said consumers were taking on smaller home projects rather than bigger ones that would require financing.

The company's performance, though, was the strongest in over two years, So a step up for Home Depot, but still not meeting the expectations.

Okay, and Dan, when you're watching these things and you hear that Home Depot's second quarter results are a little they're just okay, I mean, like do you look at the overall this is what's going on with the economy and that's why this could you know, like you said, they're not financing things, but maybe they're doing more do DIY stuff.

Or yeah, let me you know, little things around the house you want to paint, you want to replace lights, you want to do this and that.

But major projects like you know, home extensions things like that where you're going to have to finance the home improofment alone.

Rates are high right now.

Money is not as cheap as it once was, so people aren't wanting to borrow at the rates that are currently out there.

So it's definitely affecting you know, home depot lows and other and then the mom and pop stores as well that sell you the dry wall and the studs and things like that.

This is sort of weird.

The US could become the largest shareholder in Intel.

Crazy story.

Sources are telling Bloomberg Amy that the Trump administration is in discussions to take about a ten percent steak in the chip maker.

The movement involved converting some or all of Intel's grants from the Chips Act into equity, and that's about ten and a half billion dollars worth.

It is also announced, I say, the Japanese conglomerate soft Bank has great to buy two billion dollars worth of Intel stock.

We know chips are hot right now with Nvidia and AMD, but Intel is the company that has struggled, and well, maybe this is the boost they need to kind of get back on track.

And for the US to be a shell sure, I mean that becomes a revenue source potentially for the US.

I guess yeah.

I mean, it's just I don't know how it works, right, we'd a right, like, what does government put somebody on the board of directors?

Do they have any say in terms of, you know, policy.

I mean I would expect the answers yes, considering they'd be the largest shareholder.

So it's unprecedented, but it could be lucrative.

If you think about chips.

Today, okay, And if you're thinking about the stock market today, what are we looking.

At a mixed start?

The Dow is up seventy five points, or two tens to one percent.

That's the good news.

Amy the bad news, well, the Nasdaq is down twenty seven and a quarter points, a drop of a tenth of a percent.

SMPS down three points, a little under a tenth of a So expect the mix start here in about forty five or so minutes when the opening bell sounds.

Okay, And it doesn't look like the markets had any huge reaction to the meetings yesterday at the White House.

No, not really, And I think people are more kind of waiting to hear what happens Friday when Jerome Palace speaks from Jackson Hole and Wyoming will know more about interest rates, will they go down in September?

And also people want to see more of the retailers, the giant retailers that are reporting quarterly results during this week, Walmart and stores like that.

So I think they kind of want to hear more from them before determining up or down.

So it's kind of been on a standstill the first couple of days.

Okay, we're going to go in the way back machine.

But when you said that, everybody's waiting to hear what Jerome Palace says on Friday.

Remember the old Ef Hutton commercials, wall Ef Hutton talks, everybody listens.

I don't know everybody listens.

I'm not that young, but you know I think I look young.

Right.

Dan Schwartzman in for Courtney all week with Bloomberg, and we're getting in your business and we're going to do it again tomorrow.

Thanks Dan, Thanks Amy, all right.

California Attorney General Rob Bonta has joined twenty one other states in filing yet another lawsuit against the Trump administration.

This one asks the court to stop the administration from taking away grants from illegal immigrants who are victims of crime.

This is the thirty ninth lawsuit California has filed against Trump in thirty weeks.

Texas House Republicans say they'll move quickly now to pass a congressional redistricting plan now that the Democrats who fled the state to avoid a vote have returned.

A second special session was convened yesterday.

A vote on the new district that could give Republicans up to five more seats in the House could come as early as tomorrow.

The FTC has sued a ticket seller it says used fake accounts to buy Taylor Swift concert tickets and sell them at higher prices.

The FED say Key Investment Group used thousands of fake ticket Master accounts to buy the tickets for Swift's super successful Eras tour.

We're just minutes away from Handle.

On the news this morning, why one Texas lawmaker spent the night at the state capitol.

Let's say good morning now to the host of How to Money on KFI.

It's Joel Larscard.

Morning, Joel, morning, Amy.

Okay, so your new mortgage might cost you an arm.

Your jokes so good.

I love it.

I love the lead in here, and I'm a dad, so I can sympathize with the dad jokes.

I have so many in my reports wire.

But yeah, so this interesting to see that adjustable rate mortgages arms are making a comeback.

And so we've actually seen a pretty substantial increase in the amount of people being interested in and applying for an ARM instead of a fixed rate mortgage.

And I know there's a lot of people in the personal finance space who would say, are you kidding me, Like, think about adjustable rate mortgages back in the early two thousands and how destructive they were to individuals and then to the economy as a whole.

But I will say this, arms are not created like they were back then, And whether or not an ARM makes sense comes down to a bunch of different details in your life and the home you're buying, and what you would do with the money you'd be saving, and how big the differences and interest rates between the adjustable rate mortgage and a fixed rate mortgage.

But I'm not one of those people who says that all adjustable rate mortgages are bad.

But I will say right now, when you look at the data, it does seem like interestrates between adjustable rate mortgages and fixed rate mortgages are pretty close.

To each other, and usually it doesn't make sense unless there's a wider gap to go for an adjustable rate mortgage.

Okay, so why might somebody go for an adjustable rate mortgage because, like you said, they're sort of making a resurgence.

I haven't heard much about them in recent years, so we might not know what exactly they do.

Sure, so the big thing, the reason people go with an adjustable rate mortgage is because they can get a lower rate, and so instead of like, for instance, huh yeah exactly to start, So, the last home I purchased, I got a ten one ARM and it was the first time I'd ever gotten an adjustable rate mortgage, and the big reason was because I was going to save more than one percent in interest to go with the ARM instead of the fixed rate mortgage.

And I knew that over the next ten years I would be paying more towards principle because of the lower interest rate, I would have more savings that I could toss into throw at the principle of the home if I wanted, I could pay down that mortgage more quickly, knowing that there's a chance that there's a risk right that my interest rate will go up after ten years, and so you have to know that and look at the terms.

There are five one arms, seven one arms, like seven six arms, so all the details really matter about when your rate can adjust, how much it can go up.

Typically it's like once you that fixed rate period is done, they can bump up by two percent a year up to a max of five percent, So the savings have to be significant.

I think over a fixed rate mortgage to make sense.

The other reason people opt for an adjustible rate mortgage AMY is because they're not going to be in that home for very long.

So the average person is now in a home for about twelve years.

But let's say you are going to be in a home you're like, it's probably a five year home, maybe an eight year home, ten year home at max.

Well, then really a ten to one arm shouldn't worry you nearly as much and you should just take the savings.

So you really have to think about that kind of stuff too.

If you're like, this is my forever home and I'm too nervous, I'm too much of a nervous nelly to worry about those upward rate adjustments, then you know, go for the fixed rate mortgage.

But I think the biggest thing here when we're talking about mortgages is comparing with different lenders, and that's the thing that people don't do, like we're more than willing to do.

You know, some shopping we're online and say, well does another store have this cheaper?

But if we shop for mortgages with a credit union, with a local bank, with a mortgage broker, if we shop in multiple with multiple areas, that's how we're going to save the most.

So yeah, I think the arm and fixed rate debate is really important, and it's important to consider both and look at the differences.

But what's even more import and is to get multiple quotes on different kinds of mortgages from different lenders.

Okay, that sounds like wonderful advice.

I know the first house I had, I had the adjustable rate and it worked out great for me.

But like you said, you got to kind of be cognizant of where you are, how long you're gonna have it, what your terms are, and all that stuff.

So just yeah, know what you're doing before you do it.

So there is a whole generation that's not paying attention to their credit.

Okay, So when I first saw this, this new USAA report about gen not knowing anything about how their credit score is made up.

I was like, oh gosh, this is not good.

Another generation who's just not prepared to live within the credit scoring system that has kind of been set up that we're all essentially forced into.

There's just no way out of Equifax experience and TransUnion having a certain amount of data on us about our debts and how we borrow so that they can come with the score so they can sell it to different lenders.

This is just the water we swim and it's the world we live in.

I thought about it for a second and I was like, wait a second.

Gen Zers are as young as age thirteen, and so when I thought about these stats, something like one in five have never checked their credit score, I'm like, it makes sense.

When I was thirteen, I wasn't checking my credit score either.

So from that standpoint, I'm like, hey, gen Z, you're probably doing fine.

You'll learn about credit scores eventually.

But if you're in the upper age range of gen Ers, or really even if you're older than that, and you're like, no, I find myself in that category.

I don't really know what makes up a credit score.

And so if you don't know how it's made, there's a better chance that your score is not doing so hot.

And then when you do go try to take out a mortgage, or you do try to go take out a car loan, or you do try to go rent an apartment, you're gonna get worse terms, or you might even get denied for the thing that you want because you haven't paid attention.

So I think it's really important to look into the details.

It's like a pie chart, right.

There's a handful of things that make up your credit score and that impact your credit report, like paying paying on time.

Another huge one is your credit utilization ratio, which is like how much overall credit do you have in your name and how much of it are you using?

And so people make just simple mistakes because they don't know how the credit score pie is made up, and then they end up doing something like canceling a credit card, lowering their overall credit limit, harming their utilization rate.

And those are the kind of things that I don't want to see.

I want people to know how the sausage is made, so then they can, you know, act accordingly.

Yeah, I think I got my first credit card when I was like eighteen, right before I went off to college, and like that was my parents where they were like, you need to start building that credit score now, and you know they taught me about it.

So hopefully parents will step in and help those kids.

I do think, yeah, it's a parent, that's great.

Yeah, but parents have to know too, and so you can look up pretty easily.

You know.

We've got content at how too money dot com helping you understand what a credit score looks like, what it's made up of, and how you can change it.

There's also a great site called credit Karma dot com.

You can again it was like a scorecard, and they'll basically say, hey, you're getting an A in this part of your credit score, but you're kind of getting a C over here.

You can improve it by doing this and this.

They will try to pitch you credit cards and stuff like that, so you might want to like move on past that if you're not interested.

But I love that, like the scorecard and then saying, great, now I've got the power.

I can kind of see where I'm making mistakes so I can change all right.

The host of how to Money on KFI is Joel Larsgard.

You can hear him every Sunday from noon to two.

You can follow him at how to Money Jewel and thank you as always for the wonderful financial advice.

Of course, thanks for having me.

Am all right, we'll talk to you next week.

This is KFI and kost HD two Los Angeles, Orange County, live from the KFI twenty four hour Newsroom.

I'm Amy King.

This has been your wake up call.

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