You're listening to Wake Up Call on demand from kf I AM six forty k KOST HD two, Los Angeles, Orange County. It's time for your morning wake up call. Here's Jason Middleton. Keep morning, everybody. This is your wake up call. It's July twenty six. Okay, that opinion without the preach thing. That's a new promo and I'm not making any problems, just saying off the top. Let me see you look at my sheet here.
We have a heck of a show coming up. We have Ike Jochi coming up talking about impeachment, not that one or that other one, fresh impeachment talk. We're gonna talk about what happens if former President Trump is not in the GOP primary. So we have somebody from five thirty eight coming on to help us with that thought experiment. Jane Wells is here. Come on, we're gonna talk some tech. She's going to bring some heat on snap and Mike Dubuskie is going to be with us later this hour to talk about
Samsung's new tech. Apparently it's two new folding smartphones. So you hold in your hand and you fold it open kind of like you know a book, read a book, get some headlines, then we'll get into that first traffic check and then our first interview for the morning. A federal judge is striking
down the Biden administration's new rules for asylum seekers at the southern border. The judge ruled against the new rule that allows immigration authorities to deny asylum to migrants at the US Mexico border if they did not first apply online or seek protection in a country they passed through. New data shows a resurgence of COVID nineteen and you can hear it in my voice. I tested negative again this morning. The CDC says COVID hospitalizations have risen by more than ten percent across the
country. Their latest report shows more than seventy one hundred COVID nineteen patients were admitted in the week of July fifteenth. That's up from sixty four hundred the week before, so that's trending in the wrong direction. Harvard University is under investigation by the Department of Education over its use of legacy admissions. A complaint from an advocacy group alleges the university is potentially violating federal civil rights law through
legacy admissions, putting applicants of color at a disadvantage. Legacy admissions reportedly get into Harvard at six x the rate of anybody else. Let's start with some of the other stories coming out of the KFAT twenty four hour news room. The LAPD says the number of homicides continues to fall, but crimes involving weapons still remain high. We see reductions about one hundred and twenty three fewer shooting victims this year verse last. The instances of gun violence in comparison to twenty
nineteen stillers are most pressing challenge. More told the Police Commission yesterday his officers have seized more than forty one hundred guns since January. That's roughly twenty three guns a day. He says property crimes remain high, especially those involving personal property. Steve Gregory, a fine news an attorney from Newport Beach has pleaded
guilty to gambling away more than eight million dollars of investors money. US Attorney spokesman Karen McAvoy says Sarah King told investors the loans were for sports players. The loans supposedly were secured by the borrower's own assets, including designer handbags.
Watches, Luxury Automobile's yachts and earnings from guaranteed sports contracts. A lawsuit claims King gambled the money away while living in a Vegas hotel for six months and bought luxury items, including a one hundred and thirty two thousand dollars Porsche Nice Ride. King pleaded guilty this week. Sentencing is set for January. Lebron James's son Bronnie James, is out of the ICU in LA and in stable condition. Officials say the eighteen year old basketball player was working out at USC
Monday when he went into cardiac arrest. E R doctor Benjamin Abella says the early sides of his recovery are positive. It's pretty uncommon, actually for someone to be so quickly out of the ICU after resustation from cardiac arrest, so this is a very good side. Abella says bouncebacks are a lot faster in young people, but it's too soon to speculate on whether James can return to basketball or how quickly it could happen. LA County is facing a federal lawsuit
by a mother allegedly punched into face by a sheriff's deputy in Palmdale. The deputy was attempting to arrest the woman and take control of her baby. Attorney Jama Hicks says the excessive force lawsuit also takes aim at deputy's throwing out breast milk for the baby and then the baby received regular mold against what she wanted. So again we believe that goes to the culture. Deputy say the woman was riding in a car last year that smelled like alcohol. They say the
woman's baby was one of several not in car seats. Sheriff Luna House called the punching unacceptable in La Blake trolley kay if I Knews, the number of Japanese citizens fell by eight hundred thousand in twenty twenty two. That's the biggest annual decline since surveys began. That's according to new data out this morning. The country's birthrate also plummeted to a record low last year, Yet the number of foreigners resident in Japan rose to a record of nearly three million. It's
six minutes after five o'clock on July twenty sixth. This is Wake Up Called. My name is Jason Milton, and right now we have ABC's Ikeajachi on the line with us. The talk impeachment, not that one or the other one. You might remember, it's noise from Capitol Hill about the Speaker of the House regarding President Biden. Good morning, Ike, Good morning, how are you. I'm good. I'm looking at Washingtonpost dot com and I'm not
saying impeachment headlines above the fold here. How are things playing out on Capitol Hill? Oh, we're actually starting to see some Republicans really questioned the move by Speaker Kevin McCarthy. Now I remarks on Capitol Hill yesterday. McCarthy says Republican lawmakers may consider an impeachment inquiry into the Biden family finances, but so
far. He also acknowledged that the House is probes, they haven't proven any wrongdoing, but that an impeachment inquiry will allow Congress to get the information to be able to know the truth. Now, all this stems from a largely debunked theory from the first impeachment trial of former President Donald Trump about Barisma,
Ukrainian energy company. An unnamed confidential FBI informant claimed that Barisma officials in twenty fifteen and twenty sixteen essentially salts to pay the Biden's five million dollars each in return for their help asking the Ukrainian prosecutor who was investigating the company. The Justice Department launched a review of the information of the informants claims back in twenty twenty under Trump's Attorney General William Barr. That probe was closed eight months later
with insufficient evidence of wrongdoing. So the only thing we know right now in terms of the Biden is Hunter Biden reaching an agree or prosecutors to please guilty to misdemeanor charges of having fail to pay income taxes for several years. He set the period of court leader this week in that case. Now, that
tax play is not exactly fresh news. So why the sudden heat from McCarthy on this, Well, essentially we're seeing this entire escalation coming shortly after Senators Chuck Rassery and House Oversight Committee Chair James Kohmer published the FBI document that included unverified allegations of corruption surrounding the words of Biden's son Hunter Biden in Ukraine for
that energy company, Barisma. But the Republican have long said the Biden administration is weaponizing the government by launching investigations into former President Trump, Obery's handling of classified information, and even his efforts to overturn the twenty twenty elected But McCarthy essentially is appeasing his confidence by voicing support for the possible impeachment in creates other
administrations and figures as well, like Homeland Security Secretary Alhanda Mayorcis. But we're seeing Republicans in the House and in the Senate pushed back the number two Senator John Too from South Dakota saying that the best way to change the presidency is to win an election looking forward and not bafford. And there are also eighteen
House Republicans who are pushing back against the idea of impeachment. Eighteen Republicans who are in district that President Biden one back in twenty twenty, who are also facing reelection. Many many reasons why Republicans are pushing back on this, which is showing that McCarthy may not have the support from this impeachment inquiry as he initially figured he would. Right. Yeah, this morning on CNBC that a member of the Oversight Committee said that it was a fair minded and appropriate way.
But what I'm hearing from you, and we're speaking with ABC News correspondent Ikejachi that the Republican side is maybe not necessarily holding ranks to an extent that Kevin McCarthy may have anticipated. Now. On Monday, the White House Karine Jean Pierre said that there's no there's no business dealings between President Biden and Hunter Biden back in Ukraine. Is this going to have legs through the rest of
this week? Do you think this new cycle with Ukraine and impeachment talk is going to last through the rest of this week into the Sunday Yacht shows. Well, you know, there is one thing that's happening right now pet may derailed this, and that is the third indictment of former President Donald Trump. We know Special Counsel Jack Smith hasn't been investigating his efforts to overturn the twenty twenty elections, specifically with the Capital insurrection being the paramount of those efforts.
We know that last Sunday, Jack Smith's office has sent former President Donald Trump's a letter saying that he's the target of this investigation. And it's largely considered that the announcement of these indictments could come at any moment this week. So in this entire issue right now, could be derailed by the announcement of the
former president Donald Trump's third indictment. And again the White House they're firing back, saying Republicans continue to focus on these non issues, what they call non issues, rather than focusing on what they're calling real issues for Americans, like continuing to lower inflation or even creating jobs. And again, President Biden himself has repeatedly denied any kind of business dealing with China or Ukraine, Who's also
denied discussing any kind of business with his whole family. We've been speaking with ABC News correspondent Ike Jachi Ike always a pleasure. Thank you for joining us this morning. Thanks you for having me. Take care absolutely. Let's get back to some of the stories coming out of the KFI twenty four hour news room before we take a break. Santa Anna says it wants police to enforce a state public intoxication law amid complaints of people passing out at city libraries,
parks, sidewalks. The idea with this is not to be punitive, Councilman Phil, but Sarah says, once even he called about a guy, I got a call from the chief of police informing me that that person was actually dead, So we literally have folks suffering from substance abuse that are dying on our streets. Sarah says, first, the city will hire more jail medical
staff so people who are arrested can immediately get enrolled in addiction services. Critics say last week's proposal is a return to over incarceration policies that primarily impact minority communities in Santa Anna Corbin Carson kf I News LA is creating temporary housing for homeless people on the West Side LA Family Housings. Stephanie Claskey, Gamer says people are living on the streets because there aren't enough shelters. We run the
risk of people dying outside unnecessarily. So when we create more opportunities for people to come indoors safely on their journey into permanent housing, we ensure that we are saving lives. The city is expected to break ground on the project later this year and open thirty beds in early twenty twenty four. The Biden administration has announced a new plan to expand access to mental healthcare. Biden says mental
health should be treated with the same level of attention as physical health. I don't know what the difference between breaking your arm and having amount of breakdown is it's health. There's no distinction. It's health. Biden says it can cost people two hundred dollars or more for a single therapy session, which is beyond the reach of most Americans. He says the new regulations announced yesterday will encourage more professionals to offer in network care and reduce the red tape to qualify for
coverage. The family of Malcolm X says they believe his killing was a conspiracy planned by the FBI and NYPD. The family introduced a new witness yesterday who was at the Audubon Ballroom in New York the night Malcolm X was killed in nineteen sixty five. Despite my presence inside and outside of the Audubon on the day of the assassination, law enforcement never attempted to interview or attain a statement from me. Mustafa Hassan says he was working security that night and remembers there
being no police presence. He says when officers finally showed up, they held back a group of black Malcolm X supporters instead of chasing after one of the shooters. More than thirty drugs may face supply chain issues after a tornado ripped through a North Carolina Fiser plant. The Rocky Mount facility makes close to a
quarter of Fiser's injectable medicines used in hospitals across the country. Now, this blistering heat wave that's been broiling much of the south and Southwest in southern California in other places, is now invading the Midwest, pushing afternoon highs above one hundred degrees. Forecasters are warning that the heat and humidity could last for days,
if not another week. Cities like Saint Louis, which aitall Kansas City roasting and temperatures ten to twenty degrees above average, and Snoop Dogg is canceling two nights of shows at the Hollywood Bowl in solidarity with striking actors and writers. The shows were to celebrate the thirtieth anniversary of the rappers hit Doggie Style album. Coming up at the bottom of the are we have Jane Wells. Jane Wells Yeah, CNBC and kifis Jane Wells special correspondent based here in Los
Angeles. We're going to cover a lot of stuff, including Samsung and Snap. But first we have Amelia Thompson Davot on the line. She's a senior writer at five thirty eight dot com. This week's podcast out of five thirty eight dot com is a thought experiment what if former President Trump was not in the GOP primary? Good morning, Amelia, thank you for joining us, Thanks for having me. Absolutely well, let's start at the very beginning. What would happen? I mean, who would win if Trump was not in
this Trump primary? I have no idea who would win because it would be such a chaotic I know you try to get me, but curiously, I mean, Trump dropping out of the primary would be such a chaotic, seismic event because he's polling right now in our polling average at fifty two percent, and the candidate who was closest to him as Florida Governor Ronda Santist, who's
just down at nineteen percent. So Trump is very much the leader, and Trump Trump picked out would create huge opportunities for many of the candidates who are polling much lower right now, not just a Scantist. So okay, Amelia, I imagine The podcast subject came up this week because of the two indictments under the belt of former President Trump. Right now is a possible third indictment going to have any impact on the race well of Coursians, I even have
to happen, and we have to see what the charges are. But from what we've seen in the first two indictments, I wouldn't expect it to have a huge impact on the GOP primary itself. With the first indictment, Trump actually got something of a bump. It's not clear if that was all because of support that came after the indictment. Ronda Santis had also been declining around the same time, so it could be a combination of forces that happened there.
But Trump rose in the polls after the first indictment and he didn't drop in the polls after the second one. Again, we're talking about GOP primary voters here. Now. I'm not saying that the indictment will not hurt him among Americans overall. We have seen that his favorability dropped and hasn't returned to where it was. You know, we're talking about a fairly small drop, but his favorabilities are stable, So it's not worthy after that second indictment.
But we're looking at the primary right now, and it's hard for me to believe that the third indictment would hurt him substantial among Republican primary voters. We're speaking with Amelia Thompson Davote. She's a senior writer at five thirty eight dot com. I'm looking at five thirty eight dot com right now, and you have a headline out this morning, which Republican will drop out of the twenty twenty four primary. First, it's a great question headline, But let's stay
with this thought experiment just for a moment. Who gains in the field for GOP primary voters if there's a third indictment that's passed down to former President Trump, Well, you know, potentially round the Scantists, he's the person who is best positioned right now to pick up from any failing by Trump or any boss of support because he is second in the polling average by quite a bit. He's again, he's at nineteen percent, and all the other candidates are
in single digits. Right So he's also the candidate that Republican primary voters consistently stay or are most likely to stay, is their second choice. So it's not that the Scantists is at this kind of low second position because he's widely disliked among Republican primary voters, they just like Trump more so, if something were to happen and Trump was no longer in the race or his standing fell significantly among GOP primary voters for some reason, the Santist would be an obvious
one to benefit. But there are also opportunities for other candidates who are poland
really low right now but have some upside. One of the candidates that we've been keeping an eye on a South Carolina at Senator Tim Scott's following at three percent in our average right now, but has a lot of money, has a lot of institutional connections to the Republican Party, has the kind of amazing good fortune or skill to have managed to stay on the good side of both the trumpy side of the Republican Party and the more conventional traditional Republican side of
the party. So he's one I would watch in this hypothetical scenario right on. Okay, well, my money was on Tim Scott gaining a little bit there too, so I'm glad to have the confirmation bias going on. Also, the big money donors seem to be following De santis anydotally speaking, and
the smaller donors. Smaller money donors seem to be following President Trump. Now, would a third indictment had any influence on fundraising because we are coming out of culling of the herd when it comes to the DeSantis campaign having cut about thirty eight of its staffers. Yeah, it's an interesting question. I think because Trump is DeSantis is getting more money, as you mentioned, according to the latest fundraising reports from larger donors. I wouldn't expect an indictment to necessarily
change that unless it really hurt Trump's standing in the polls. It is something that desantist is going to have to fix because the problem with those big money donors is that usually when they show up in the report, they've maxed out in how much they can donate, So DeSantis can't go back to them and say, over and over again, please give me more money. They've given him all the money that they're legally allowed to do, at least directly to
his campaign. Superpacks obviously are a different story. So this is potentially an issue for Dispantus down the line, but I think it's something that he has to fix on his own. I would not rely on Trump stumbling and a significant number of small dollar donors moving to Despantis. As a result, I can't imagine small money donors really liking the idea that Ron DeSantis is flying on private planes, it's staying at five star hotels all the time. I just
can't see that helping his fundraising moving forward. That's just me. That's an opinion with him preaching. Amelia, thank you so much for joining us this morning. Amelia Thompson devote she's a senior writer at five thirty eight dot com. Some great insights. Thank you again, thanks so much. Take care. Let's get some more news coming out of the KFI twenty four our newsroom before we get to the bottom of the hour, and we welcome Jane Wells.
In attentative agreement has been reached to keep three hundred and forty thousand UPS workers from going on strike. The teamsters had said the workers would walk off the job August first if a strong contract was not reached. It needed to get done by the end of the month. Now there is time for the union to ratify it, and more than three hundred thirty thousand members still need to ratify it. But it does seem to avert that kind of dire scenario
for the economy. ABC's Elizabeth Schultz says UPS is crucial for countless American businesses. The new five year contract increases wages, guarantees more air conditioning and drivers trucks, and stops requiring UPS employees to work overtime hours on their days off. A wildfire started during a training exercise at Marine Corps air Station Miramar in San Diego County has burned more than one hundred acres. It took firefighters more
than three hours yesterday to stop the fire from spreading. Temporary living units are being built for homeless people on the west side of LA. Thirty short term beds will be offered early next year to people already living on the streets near the future Center LA Family Housing. Stephanie Klasky Gamer says her organization will be the on site operators to help residence with resources including security, to delivery of
food, to access to supportive housing navigation meaning case management services. A facility would help the homeless living in areas like bel Air, Beverly Glen and Palms and neighborhoods further east including Fairfax and Libreya. Chris Adler KFI News, so the Biden's Dog is a biter. Records from the Department of Homeland Security show Commander has bidden or attacked agents at the White House ten times between October twenty
two and January of this year. At least one bite by the German shepherd required a trip to the hospital. First Lady Jill, Biden's communications director, says the White House is a unique, often stressful environment for family pets, and the Biden families working through ways to make the situation better for everyone. Commander is the second dog of Biden's to behave aggressively. A German Shepherd named Major was sent to live with friends in Delaware after it bit Secret Service agents
and White House staff. The Bidens also have a cat named Willow Amy King KFI News. A woman who was this is a wake up called My name is Jason Middleton. That's Jane Wells. We're gonna be right back with her. Woman who was punched twice by a deputy while holding a baby is suing the La County Sheriff's Department for excessive force and wrongful arrest. The Agua Fire has now burned sixty acres of land in Santa Clarita and is ten percent contained.
The fire started at about two o'clock yesterday afternoon near Solidad Canyon and aguadul Say Canyon roads. The CDC says COVID hospitalizations have risen by more than ten percent across the country. Their latest report shows more than seventy one hundred COVID nineteen patients were admitted in the week of July fifteenth. That's up from sixty four hundred and it's the largest percent increase in COVID hospitalizations since December. News
is brought to you by American Vision Windows. Coming up at five fifty, we're gonna talk Samsung with Mike Debuskie from ABC. Bright. Now, of course KFIS and CNBC's Jane Wells is on the line with us and man, do we have a line up today? Where do you want to start? You start with FED? Why not? Because that'll be the big news today. The Fens probably gonna raise interest rates another quarter point today. That'll be
the eleventh time, the eleventh time since they started sixteen months ago. Gets the upper end of the FED funds rate to about five and a half percent, which is the highest in over twenty years. But the markets want to know if Chairman Powell suggests that maybe they're going to pause for a while on hikes, though he has indicated there will be more this year. I mean, the whole point of all this is to bring down inflation. If you
make things cost more with higher interest rates, people spend less money. It is working, Inflation is coming down. But Visa and American Express and their earnings reports, Jason keep talking about how resilient the consumer is, that we keep spending, especially on travel and entertainment, despite higher prices. And there are two women to think for that. Taylor Swift, whose concert dates are driving up hotel prices and helping the economy. And Barbie. We all went
to I didn't, but I'm gonna go, are you. I'm gonna get dragged. But everybody else went to see Barbie last week. I haven't seen it yet either, but I do have a lot of pink in my closet, so it turns out okay. So yeah, Taylor Swift, Barbie definitely economic forces. Now let's bet aventy on this one. Is j Powell and the Fed going to raise rates in September another quarter point? Probably he has indicated in the past. I'm sorry, probably he will. Well, what
do I know? You know, you're CNBC right, Yeah, that's right. He may. I think the thinking is he's going to skip in September, but been at the meeting after that they'll raise again, although he has said in the past they're not going to do this every other thing. But I was looking at our actually CNBC was looking at and I take credit for it. How much everything else has gone up since the FED started raising interest
rates? How much things went on? Mortgages have gone up on mortgages and credit card and Carlos A thirty year mortgage in March of twenty twenty two was going for four point three percent. Now how much do you think. I don't know if you've looked. Jason wasn't mortgage today? Well, okay, here's my guess. I'm going to because I did cheat a little bit. I had to look for a story I did earlier this week. I think it's right around six point eight nine percent. It just went back up over
seven percent yesterday. So from point four point three to seven percent in sixteen months. It hasn't doubled, but it's gone up significantly. Home equity line of credit was for in a quarter now it's eight and a half two more. The average credit card rate sixteen months ago was sixteen point three. What do you think it is now that one? I don't know for sure. Twenty point four, so it's gone up a little over four points and a
use car loan sixteen months ago nine percent, now it's eleven percent. So not all was already high. Now it's just a little higher. Okay, well, okay, so the cost of money, the cost of debt, is going up, but consumers are still spending. Yeah, Jane, I mean our cumulative credit card debt is more than a trillion dollars right now. This is why the Fed's going to keep raising rates. I mean, we still have really relatively low unemployment, and so the economy is still hot.
The fact that inflation is starting to come down while the economy is hot has more and more people saying, gee, maybe we're not going to have a recession. So who knows? Who knows? I mean, I think it's great that people are still spending. I don't think it's great that are that they're spending on credit, which is now going to cost them over twenty percent a year, which is why we're going to have that recession in Q one next year. You can mark my, oh everybody, but but a pen
on that. Jason Middleton, recession Q one twenty four. All right, shallow, shallow and short. That's my that's my call for recession Q one. Okay, all right, Um, let's go around the infield, Jane, let's talk about that UPS deal. Um, So that was kind of a big deal because I was watching CNBC. I'm a big fan by the way of CNBC, and six percent of GDP is moved every year by UPS. This was a huge deal. Well, first of all, God bless you. Keep watching you and John you and John Ford, you guys,
you guys, keep it real. Oh thank you. Well, this would have been the granddaddy of all strikes. I mean, we've had so many strikes this summer, and not to diminish any of them. This would have been huge. You got three hundred and thirty thousand workers that would have walked off the job. Uh, FedEx, the United Post Office would not have been able to pick up the slack people trying to send stuff, vendors, customers, everybody would have really really suffered. But they're the teamsters are saying
that this new contract is worth thirty billion dollars. That's about one hundred thousand dollars per employee when you break it down, and that money is going to have to come from somewhere. So some analysts are now predicting that UPS is going to raise its costs per package by maybe two and a half percent. So we are going to pay for this new contract. And the question is then will some people take their business to FedEx or somewhere else? Okay,
and that might tip us into recession in Q one. Okay, let's go. Okay. I have in my notes here that you want to bring some heat to snap Why, Oh my gosh, do you use you? Who do you use a Snapchat? Anyone? Bueler? Do you use the chat? No? I don't have to. Okay. The good news is almost four hundred million people do. They had growth in their daily active users last quarter. Most of that was outside the US. But it is continuing to
lose money. It's forecast on ad sales were were missed Wall Street expectations. For the most part, it's facing rivals like TikTok and so after it reported earnings yesterday, the stock fell seventeen percent. But Jason, this has happened every quarter for the last five quarters. After they report report earnings, the stock dives the quarter before it was ten percent, that it was on twenty
eight percent, it was down thirty nine percent a year ago. Who doesn't sell before earnings because overall over the last year, Snap stock is up six percent, but it tanks after any earnings report. And I just can't figure out, why aren't you selling the day before earnings so that you can capture some of the profits. There you go, that's my take on it. By the fact that you know, Snap has major issues. Yeah, I mean remember that time they tried to do a hardware with ray bands. Remember
that, Yeah, it's that didn't float very well. They had a billion dollars in ad revenue last quarter that I found that shocking. And they're still losing money. I don't get it. Yeah, their gross margin is down fifty nine percent quarter over quarters. So h okay, one more I have to do. I have to do one more Mega Millions jackpot eight hundred and
twenty million dollars. Nobody won, No, nobody won. It could be a billion dollars again by Friday when if you don't play, no, well, absolutely, And I'm in the Michelle Cube Lottlepool, which if you're not. You better get in because we're gonna win. Okay, I'll follow your lead on that one. Always a pleasure CNBC's and kfis Jane Wells, thank you so much for giving us some time. Take care, get a couple of quick stories. A lawyer from Newport Beach has admitted to convincing investors to
put up more than eight million dollars to provide loans for rich people. It was all one big fraud. US Attorney spokesman Kieran macavoy says Sarah King told investors the loans were for sports players, in reality, as she never initiated or funded any alone. Instead, she just used their money to go gamble at Las Vegas casinos and to purchase a Porschet electric sports car. A lawsuit allegis King gambled away millions while living in a Vegas hotel for six months.
King pleaded guilty this week. Sincencing is set for January. In Orange County, Corbin Carson k if I knew another freeway shooting in the Bay Area, and this time the suspect is a naked woman. The California Highway Patrol says she flashed a gun near the Baybridge Toll Plaza last night during rush hour, then stopped, got out of the car twice. Once was to yell at drivers, but witnesses say the second time, without any clothes on, she
fired a gun into the air. No one was hurt, the woman was arrested, Traffic was delayed more than thirty Drugs may face supply chain issues after a tornado ripped through a North Carolina Fiser plant. The Rocky Mount facility makes close to a quarter of Fiser's injectable medicines used in hospitals across the US.
Morgan Stanley is downgrading Israel's credit rating to a dislike stance. In making the move yesterday, the US Investment Bank added that recent developments pointed to continued uncertainty and significant risk posed by the ongoing crisis over controversial judicial changes in Israel. It's five fifty one on your wake up call and we're about to nerd out with ABC's Mike Dubuskie. Let's get Samsungy up in here. Mike. Good morning, Good morning. Yeah no, it's Samsung Galaxy Unpacked Day. Happy
Samsung Galaxy Unpacked Day to all those who celebrate. This is Samsung's second hardware event of the year, and it's all about foldables. Jason. So, Samsung's been in the foldable game since twenty nineteen. They were one of the sort of founding members of the foldable club. They've got two flavors of foldable. There's the Galaxy Z fold, which is kind of opens and closes like a book. It sort of splits the difference between a smartphone and a tablet.
And then there's the Galaxy Z Flip, which opens and closes kind of more like your traditional clamshell flip, like the old school motor rolla razor. That's kind of what we're talking about right on. Okay, well, let's talk about the form factor there. You mentioned the razor. What's the Galaxy Z flip like? Is it heaviers, a thickers, it stronger, faster, right, So this is the fifth generation that we just got to look at this morning. The big news here is basically two folds, no pun
intended. There there's a bigger front facing screen, so if you imagine a foldable, there's an interior screen when you have it sort of unfurled, and that is sort of your traditional smartphone experience. With the Z flip and then when you fold it closed, you still have a screen. There's an exterior screen that's a little bigger this year, it's three point four inches, up
from one point nine inches. Kind of brings the flip more in line with competitors in this space, namely the motor Rolla Razor Plus, which just got a big refresh this year. Very well reviewed, very kind of nerdy tech device, but like people kind of took to it. People really liked it, and part of that was this big front facing screen. And you can
sort of imagine the functionality for a front facing screen like this. When you fold a phone closed like this, your rear facing cameras are now pointed at you, if you can kind of conceptualize that in your mind. So the nice rear facing cameras, the cameras that they throw all the hardware technology at, are now pointed at you, which means things take really good selfies, and a lot of people take selfies. So having a screen so you can
see what you're looking at that is important to a lot of people. You take a lot of selfies. Mic I personally don't, but you know, I know a lot of people who do. You know, the Instagram age and all that kind of stuff. But that is one that is one of the benefits of the Z flip, or one of the improvements of the z flip this year. The other kind of big update with the foldable Samsungs is
the hinge design. Up until now, if you folded one of these devices closed, whether it was the flip or the fold, there was still a little gap in between where kind of where the hinges came together. So if you imagine like a notebook and you have a pen in it and then you flip it closed, there's still like a gap there. That's kind of what
it was like operating a Samsung foldable. Now they've redesigned the hinge. They call it the flex hinge, and it's it's completely flat, So that is sort of an effort to improve durability, stopped dust from getting in there, and all that kind of thing, and to bring these devices more in line with competitors. Earlier this year, I think Jason new and I talked about
this. Google revealed the pixel fold, right that thing folded completely flat as a very thin device, and when you folded it closed, it was completely sealed. Now Samsung kind of catching up to that design form factor We're speaking with ABC's Mike Dbusky, and we're celebrating quote unquote air quotes happy Galaxy Unpacked day. Hey, you mentioned Samsung has been in this game since twenty nineteen
with the foldables. Google you just mentioned as well, had earnings this week and it's banging this morning as thoughts are well up anything going to come out of Samsung event that we didn't necessarily see or anything you might anticipate, So it not so far, right, I mean, there's always the potential that a tech company could surprise us at the end of their events. Apple is renowned for having a one last thing, a kind of surprise announcement at the
end of their events. Samsung has done similar things in the past. This time around, the event's been over for about an hour an hour or so. They held it in South Korea, so that's very early our time. But there was there was It was pretty much what we expected it to be. There were the two foldables. They also unveiled the latest generation of their smart watch. There's the Galaxy Watch six and the Galaxy Watch six Classic, and a new tablet, a new lineup of tablets, so kind of iterative
updates there. But you know not no surprises. Okay, I have you. I'm lucky to have you for another minute if I could. Let's look into the future. What other form factors, what other hardware can we expect from any tech company coming out later this year? Are we going to get on one of those surprises from Apple? Maybe? So, I don't think Apple's going to jump into the foldable market this year. I think that's safe
to say. Apple again, as we talked about earlier this year when they unveiled the VR headset Vision pro, Apple is rarely the first mover, and really they're not even like, you know, middle of the pack. When it comes to getting into a new segment. They are generally the last to arrive. But that's part of their strategy. Right. Apple is the most
valuable company in the world. They just hit a three trillion dollar valuation not that long ago, and they can afford to kind of wait it out, see what everybody else does, see what the market responds to and what it doesn't respond to, and then if they think it's a worthy cgory to get into, they'll build a device, a folding iPhone, and they'll charge you more than everybody else for it. But it will generally be the best and most polished of the market out there. Yeah, that's kind of how they
approach things. So I don't think we're at that point with foldables yet. We are expecting to get a foldable phone from one Plus later this year, though in fact, there's been some pretty heavy leaks out of that company of a new foldable phone, and that's significant because one Plus has long made a name for it on building quality devices, like flagship level devices for a sort of mid range level prices, right, and that has sort of changed in
one Plus's calculation in the last couple of years. But generally speaking, if these things can maybe come down in price, these foldables can come down in price, I think that's going to open them up to a newer market. That being said, still not cheap. It seems like they are planning something more in the fold realm than the flip realm, which means that we're probably looking at something more than twelve thirteen hundred dollars. But again, we're just
gonna have to wait and see what one Plus does. Yeah, that's that's a cool point you make right there, because the Apple seems impervious to price points when entering any market. And then you mentioned one plus right there, which is coming in and maybe we're normalizing twelve hundred dollars phones all of a sudden, when it used to be MacBooks were twelve hundred bucks. Sure, sure, but again, I mean this is something that Samsung brought up in
its presentation, is that your phones can do more now. I mean the amount of things you can do on a laptop that you can't do on like a really nice flagship phone, that list is getting smaller. And with the rise of foldables where you can change the form factor, you can change the state of a phone. In the case of the bigger ones, you can make more phone if you want, Like that is even going to make that
list shrank more. So I think that's sort of an interesting proposition, this idea that as phones become more powerful, you know, the sort of larger, more traditional computers that we think about, you know, they're going to become more niche devices. And I mean if you look globally, you know, here in the United States, we're used to getting on to websites and
getting online via desktop computer because we were early adopters in the Internet. If you look at sort of markets that got online later in their tenure places like China, Latin America, Africa, they came up and got online. The widespread adoption of the Internet happened with the rise of the mobile phone. So that's sort of another calculation here that I think is interesting to make is that
you know, as these phones get more expensive, they do more. But also, you know, the sort of cheaper mobile phones of allowed more people to get online and develop habits more related to the mobile internet. So it's a really interesting moment that we're at right Yeah, absolutely, Mike, thanks a lot for all the updates. I appreciate it, of course, take care. ABC's Mike Tobuskie right there with just a panoply of news for us.
A House subcommittee a couple of headlines before we get to handle on the news. A House subcommittee is about to hold a hearing on UFOs or UAPs as they're now called. The hearing this morning will look at how those flying mysteries could impact national security and public safety. That gets started in about an hour. Southern California weather from KFI. Let's start with a dense fog advisory for the OC coastline. That fog advisory, who's going to last until eight
o'clock. This morning. Highs Inland will hit the upper eighties to the mid nineties again Today, Tonight mostly clear with lows in the mid upper sixties, and tomorrow another day of late July heat. Right now, your Belinda sixty six, Anaheim sixty seven, Hollywood sixty eight, and Torrance is at sixty six. We lead local live from the KFI twenty Fire Newsroom. I'm Jason Middleton. This has been your wake up call. You've been listening to wake
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