Latest / The Bill Handel Show / ‘How to Money’ with Joel Larsgaard | U.S.-Russia Nuclear Arms Deal Expired

Transcript

‘How to Money’ with Joel Larsgaard | U.S.-Russia Nuclear Arms Deal Expired · The Bill Handel Show

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  Speaker 1: You're listening to bill Handle on demand from KFI A
• 0:04
  Speaker 1: M six forty.
• 0:10
  Speaker 2: KFI AM six forty Bill Handle here on a Thursday morning,
• 0:15
  Speaker 2: February fifth. And some of the stories we are looking
• 0:19
  Speaker 2: at mass layoffs continue this past month. Amazon ups. It's
• 0:25
  Speaker 2: been the worst January for job cuts since the Great Recession,
• 0:30
  Speaker 2: and so we're on the verge of well, you know,
• 0:34
  Speaker 2: maybe the bubble bursting or a correction or well some
• 0:39
  Speaker 2: of the Marcus tanking. I mean, that has to happen.
• 0:41
  Speaker 2: I mean, what goes up must come down at some point, right,
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  Speaker 2: all right, Joel Larsgard. Every Thursday we have Joel aboard
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  Speaker 2: Joel who is host of How to Money Sunday's twelve
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  Speaker 2: to two pm here on KFI. His social addresses at
• 0:56
  Speaker 2: how to Money Joel, and you can go to his website,
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  Speaker 2: how Too Money dot com. All good morning, morning, Bille.
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  Speaker 2: All right, let's start right off the bat. And this
• 1:07
  Speaker 2: is a story that I want to share, and that
• 1:11
  Speaker 2: is that I am going on vacation coming up end
• 1:15
  Speaker 2: of September beginning of October. And it is basically it's
• 1:21
  Speaker 2: a bucket lists vacation for me. It's one of those
• 1:23
  Speaker 2: that you do once at a lifetime and therein leads
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  Speaker 2: to the story about how even with this economic crisis,
• 1:31
  Speaker 2: we're looking at Americans, we're just not reducing our travel budgets.
• 1:36
  Speaker 2: Let's come in on that.
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  Speaker 3: Yeah, I mean, it's interesting to see what stays and
• 1:40
  Speaker 3: what goes right when harder economic times hit. And I've
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  Speaker 3: for so many years talked about the value in what
• 1:47
  Speaker 3: I call a bare bones budget, and that everybody should
• 1:50
  Speaker 3: essentially create a bearbones budget, which means, like, what could
• 1:53
  Speaker 3: I get away with the most essential things in my life?
• 1:58
  Speaker 3: What can I jettison in the ev that I lost
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  Speaker 3: my job or I just had to cut back for
• 2:03
  Speaker 3: other reasons because took on new expenses. It's just such
• 2:07
  Speaker 3: a good exercise to say, to just get a good
• 2:10
  Speaker 3: look at what you're spending on and what you prioritize. Well,
• 2:14
  Speaker 3: it's interesting Americans, even when times get a little bit tougher,
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  Speaker 3: travel seems to be one of those things that stays
• 2:21
  Speaker 3: on that bare bones budget, even if other things fall away.
• 2:26
  Speaker 3: And so there was a study and it said something
• 2:28
  Speaker 3: like that, like over fifty percent of Americans have will
• 2:32
  Speaker 3: cut back meaningfully in every other area of their life
• 2:35
  Speaker 3: in order to keep that travel budget in tact. So
• 2:38
  Speaker 3: travel is just one of those super sticky things that
• 2:40
  Speaker 3: people aren't willing to budge on, and they're going to
• 2:42
  Speaker 3: keep spending on even if you know their finances aren't
• 2:46
  Speaker 3: looking rosy right now.
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  Speaker 2: Travel exploded right after COVID because everybody was we were
• 2:52
  Speaker 2: holed up in our homes and any travel budgets we
• 2:55
  Speaker 2: had were immediately canceled and put on hold. So you
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  Speaker 2: can understand the pent up demand, but it keeps on
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  Speaker 2: going in I'm trying to figure out. I've always thought,
• 3:03
  Speaker 2: try to figure out why, and that's because travel is
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  Speaker 2: an experience that you don't forget. Now have I forgotten
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  Speaker 2: the pasta dinner I had a week ago, Yeah, that's
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  Speaker 2: not particularly important to me. Where a trip that I
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  Speaker 2: took a year ago to Hawaii, for example, that stays
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  Speaker 2: with me forever. And I think that has a lot
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  Speaker 2: to do with it, one hundred percent.
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  Speaker 3: And the author and investor Bill Perkins, he talks about
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  Speaker 3: this as the concept of memory dividends. And when you
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  Speaker 3: look at the statistics around travel, or some of the
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  Speaker 3: data around travel, the reason it's so valuable to people
• 3:40
  Speaker 3: is because it's part of it's just a planning process, right, Like,
• 3:43
  Speaker 3: let's say you're traveling. You said you're traveling later this fall.
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  Speaker 3: You're already talking about it, you're already thinking about it,
• 3:47
  Speaker 3: you're already booking places, and so you have this six
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  Speaker 3: eight months worth of build up in anticipation, and then
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  Speaker 3: you go on the trip, and the trip's awesome and
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  Speaker 3: you take pictures and stuff like that. But then you
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  Speaker 3: have this memory dividend on the backside of that trip
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  Speaker 3: as well that you get to you know, you get
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  Speaker 3: to talk with friends and family about and relive those
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  Speaker 3: memories for many many years to come as well. And
• 4:08
  Speaker 3: so I think that is why travel is such a
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  Speaker 3: sticky thing and why people are reticent to cut back
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  Speaker 3: on their travel spending. I will say this that sometimes
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  Speaker 3: you don't necessarily have to go to Japan or to
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  Speaker 3: Europe or make it some epic vacation that costs tons
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  Speaker 3: of money in order to get that bang for your buck.
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  Speaker 3: So if money is tight and travel is still a priority,
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  Speaker 3: there are ways I think to kind of reduce your
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  Speaker 3: spending so that you're not let's say, going into debt
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  Speaker 3: for that travel, but that you're still getting that experience
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  Speaker 3: in the memory dividend.
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  Speaker 2: Yeah, Well, I'm one, and I was talking to Lindsay
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  Speaker 2: about this. One of the places that I considered was Mexico.
• 4:51
  Speaker 2: I'm a huge fan of diarrhea, and so I was.
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  Speaker 2: We looked at Mexico and the price was far better.
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  Speaker 2: But you know, again, I've been to Mexico a few times,
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  Speaker 2: and so going to places where I haven't been before,
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  Speaker 2: but you know, prices, I mean, we look at prices
• 5:09
  Speaker 2: because my income has dropped, like many people, you know,
• 5:15
  Speaker 2: over the course of the years, and people go, oh,
• 5:18
  Speaker 2: you're a radio talk show host. Yeah, I have a contract,
• 5:21
  Speaker 2: and my contract is less than it was four or
• 5:25
  Speaker 2: five years ago because of the economy, because of the
• 5:28
  Speaker 2: way what radio is doing, and it goes to streaming
• 5:31
  Speaker 2: and podcasting. So I pay attention. Just by the way,
• 5:36
  Speaker 2: just a quick word, if you do go to Mexico,
• 5:40
  Speaker 2: really stock up on the pepto bismol. That's just advice
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  Speaker 2: from a traveler who is very well experienced. You love Mexico,
• 5:49
  Speaker 2: It's a great place to visit. It is no, it
• 5:51
  Speaker 2: is Mexico is kind of neat, especially those street tacos
• 5:55
  Speaker 2: that are made out of insert name of meat here. Okay,
• 5:59
  Speaker 2: Joel moving on to EV's and Chinese EV's. Now I
• 6:05
  Speaker 2: have an EV. I have a Beamer and it's great.
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  Speaker 2: I mean, it's you know, impressive, and I like it
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  Speaker 2: and it works just fine. I'm not keeping the EV.
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  Speaker 2: My lease is up. I have a lease this time around,
• 6:19
  Speaker 2: and I'm gonna go into an American car, either a
• 6:22
  Speaker 2: hybrid or a gas power car, because there aren't enough
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  Speaker 2: charging stations out there, and I have range anxiety on
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  Speaker 2: top of that. I don't understand charging stations that aren't
• 6:35
  Speaker 2: all superchargers where they have regular charging you know ports there,
• 6:41
  Speaker 2: they take you hours to charge. So I just don't
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  Speaker 2: think that, I know, I mean, I just don't understand
• 6:45
  Speaker 2: who's gonna sit around for two hours three hours. But
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  Speaker 2: the story is about Chinese EV's, which we don't have
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  Speaker 2: here in this country because of the tariffs. But the Chinese, well,
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  Speaker 2: I mean they've blown past everyone with their EV technology.
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  Speaker 3: Well, yes, some Chinese EV manufacturers. There are dozens of them,
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  Speaker 3: and there are a few in particular that seem to
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  Speaker 3: be jumping ahead in terms of technology and building a
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  Speaker 3: car that people are really excited about. Right, So, I
• 7:16
  Speaker 3: don't know how closely you've been following the trend and
• 7:20
  Speaker 3: the American reviewers getting their hands on on like a
• 7:24
  Speaker 3: show me in particular, they're like forty thousand dollars sports car.
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  Speaker 3: But this guy, Marky's Browne, who's like one of the
• 7:30
  Speaker 3: top tech reviewers on YouTube, he got to try one
• 7:33
  Speaker 3: out and he's like in love with it, like in
• 7:35
  Speaker 3: in love. And Joanna Stearn from the tech writer for
• 7:38
  Speaker 3: the Wall Street Journal, same thing. She had the same
• 7:40
  Speaker 3: experience where she's like she got to test drive the
• 7:43
  Speaker 3: car for a couple of days and she's like lamenting
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  Speaker 3: its loss now because she doesn't.
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  Speaker 2: Get to keep it.
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  Speaker 3: And it's kind of crazy when you look at how
• 7:51
  Speaker 3: good that show me has gotten. When you're reading those
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  Speaker 3: reviews watching the video, she's like, oh my gosh, these
• 7:56
  Speaker 3: are insanely good cars for forty thousand dollars. How are
• 7:59
  Speaker 3: they able are able to pull this off? And I
• 8:02
  Speaker 3: heard an interview with the CEO of Rivian, and I
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  Speaker 3: think Rivian makes some incredible evs too right now. And
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  Speaker 3: one of the things he highlighted, and I think he's
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  Speaker 3: spot on, it's not that these Chinese manufacturers have necessary
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  Speaker 3: In some ways, they found a way to incorporate technology
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  Speaker 3: that makes them more fun, more interesting, more user friendly.
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  Speaker 3: But in other ways. The reason that the cost is
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  Speaker 3: so much lower for these Chinese evs isn't because they've
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  Speaker 3: found some miracle cure to break down the cost structure
• 8:30
  Speaker 3: and reduce how much it cost to manufacture these cars.
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  Speaker 3: It is the fact that the government in China subsidizes,
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  Speaker 3: essentially builds these factories. I don't know if you've seen
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  Speaker 3: some of the videos.
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  Speaker 2: Bill, it's crazy. The technology is completely insane, and it's
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  Speaker 2: so of the Chinese. The government wants the Chinese market
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  Speaker 2: for evs. Already, the Chinese sell more around the world
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  Speaker 2: than any other company, any other country. And you're right,
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  Speaker 2: there are dozens of them. Also, have you ever seen
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  Speaker 2: a lease agreement with one of these these Chinese EV cars? No,
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  Speaker 2: I have it. Yeah, there are little rectangular pieces of
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  Speaker 2: paper that are about three inches by about half an inch. Okay,
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  Speaker 2: moving on, Oh.
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  Speaker 3: Yes, one other thing, one other thing about just when
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  Speaker 3: you look at the videos of what these factories look like,
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  Speaker 3: you know what they have attached to the factories housing
• 9:25
  Speaker 3: Why Why.
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  Speaker 2: Is that the case?
• 9:27
  Speaker 3: Because the people who work in these factories essentially live
• 9:31
  Speaker 3: adjacent to them. And the part of the reason Chinese
• 9:34
  Speaker 3: eb's are so much cheaper. Is because they live in
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  Speaker 3: a society with a lot less freedom of choice.
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  Speaker 2: Also, you've got you know, you've got people that live
• 9:42
  Speaker 2: in the outlying areas and they go home just for
• 9:45
  Speaker 2: August or Lunar New Year, and they make two dollars
• 9:50
  Speaker 2: an hour too, Let's not forget that.
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  Speaker 3: So that's why these ebs are able to be made
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  Speaker 3: for forty grand and not seventy or eighty grand, which
• 9:57
  Speaker 3: is if these Chinese companies had to build them in
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  Speaker 3: the United States, they'd still be awesome cars, but they'd
• 10:02
  Speaker 3: cost a lot more.
• 10:02
  Speaker 2: Yeah, of course, and if the terriffs are ever lifted,
• 10:05
  Speaker 2: and they've been one hundred percent tariffs on Chinese cars forever,
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  Speaker 2: I mean, they've been shut out of the American market
• 10:12
  Speaker 2: ever since Chinese started building evs. But they are extraordinary cars.
• 10:17
  Speaker 2: What's that company BYD I think is the biggest selling
• 10:21
  Speaker 2: EV company in the world, and they have the entire
• 10:24
  Speaker 2: world market South America, Asia, Europe. They sell a ton
• 10:28
  Speaker 2: of them, just not the US because of that. So again,
• 10:34
  Speaker 2: as much as I really enjoy my EV and I
• 10:37
  Speaker 2: get three hundred and three and twenty miles per charge,
• 10:41
  Speaker 2: it's range anxiety and certainly not enough chargers, although I
• 10:45
  Speaker 2: don't know how many chargers are out there in the
• 10:49
  Speaker 2: United States. But now they're starting to build two five
• 10:52
  Speaker 2: thousand every year, and then real quickly we only have
• 10:56
  Speaker 2: a minute or so cars getting a lot more techs,
• 11:00
  Speaker 2: tech savvy in car ads. What is that about?
• 11:05
  Speaker 3: Yeah, so you know in these new evs, in these
• 11:08
  Speaker 3: super tech savvy cars, they're now giant screens. And in
• 11:11
  Speaker 3: the very beginning of evs, I remember being incredibly attracted.
• 11:16
  Speaker 3: You see the first Tesla, you know, model three, and
• 11:19
  Speaker 3: you're like, oh, my gosh, that's screen. You can do
• 11:21
  Speaker 3: everything from there. You can even like play video games
• 11:24
  Speaker 3: on it, or or watch videos when you're parked or
• 11:26
  Speaker 3: something like that.
• 11:27
  Speaker 2: How cool is that?
• 11:28
  Speaker 3: And it all looks so sleek and so minimal, and
• 11:30
  Speaker 3: there's just this screen there, and especially to two younger
• 11:33
  Speaker 3: people who are very screen oriented, they're like, this is great.
• 11:36
  Speaker 3: But now the manufacturers are saying, oh, we're going to
• 11:41
  Speaker 3: use that screen that you liked to serve you ads,
• 11:45
  Speaker 3: and that's a way for us to make more money.
• 11:49
  Speaker 3: And one of the things I saw interesting, like Ford
• 11:52
  Speaker 3: apparently just patented a system that's going to serve you
• 11:56
  Speaker 3: ads based on conversations you're having in the car, So
• 11:59
  Speaker 3: it's kind of like an election device where it's listening
• 12:01
  Speaker 3: to everything you're saying to your fellow passengers or if
• 12:05
  Speaker 3: you talk to yourself like a weirdo or something like that,
• 12:07
  Speaker 3: and then it's going to serve you ads on your
• 12:08
  Speaker 3: screen based on what it knows about you. That to
• 12:12
  Speaker 3: me is frightening and it's probably another reason to drive
• 12:16
  Speaker 3: an older car and be happy with it.
• 12:17
  Speaker 2: Yeah, there's nothing like looking at a screen while you're
• 12:20
  Speaker 2: driving that really bodes well for safety. What was it? Yeah,
• 12:25
  Speaker 2: last night I saw a news piece and I only
• 12:29
  Speaker 2: saw the last part of it where the car itself
• 12:32
  Speaker 2: is basically a little capsule where you have people sitting
• 12:37
  Speaker 2: across from each other. Oh yeah, and there was no
• 12:40
  Speaker 2: driver and there was a fairly big screen where people
• 12:43
  Speaker 2: were watching TV or movies or whatever because they weren't driving.
• 12:47
  Speaker 2: And I don't know if that's out. It's probably a prototype,
• 12:50
  Speaker 2: But do you see something like that coming out soon?
• 12:53
  Speaker 2: I think that's coming.
• 12:54
  Speaker 3: I think that's coming right because Waymo is already like
• 12:56
  Speaker 3: crushing it with the full self driving and Tesla's doing
• 13:00
  Speaker 3: solid with that. There was even an announcement this week
• 13:02
  Speaker 3: from one insurance company called Lemonade that they're going to
• 13:06
  Speaker 3: reduce insurance costs for Tesla drivers by fifty percent when
• 13:11
  Speaker 3: they're using full self driving mode. So I think we
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  Speaker 3: just know how safe it is the full self driving
• 13:16
  Speaker 3: versus humans on their screens trying to drive around on
• 13:19
  Speaker 3: the streets. And so I do think full self driving,
• 13:22
  Speaker 3: as it continues to mature, is going to lead to
• 13:25
  Speaker 3: reduce costs. Although then there's that connectivity issue that frightens
• 13:28
  Speaker 3: a lot of people.
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  Speaker 2: All Right, Joel, we'll catch you this Sunday twelve to
• 13:32
  Speaker 2: two pm. You have a good one, all.
• 13:36
  Speaker 3: Right, you too, Bill.
• 13:38
  Speaker 2: Yesterday a very important treaty expired, and it was the
• 13:43
  Speaker 2: New Start Treaty, and it was the last remaining nuclear
• 13:47
  Speaker 2: arms limitation treaty between the US and Russia. Now Russia
• 13:52
  Speaker 2: said in September it is willing to continue adhering to
• 13:55
  Speaker 2: the treaty or certain limitations of it for another year. Washington,
• 14:01
  Speaker 2: the President said, yep, we're good for it, but no
• 14:04
  Speaker 2: official response yet. So these treaties and New Start was
• 14:09
  Speaker 2: the last of it. One of the things two things
• 14:12
  Speaker 2: I remember as a kid in grade school, early days
• 14:15
  Speaker 2: of grade school, and that is the two items I remember,
• 14:19
  Speaker 2: and I was I barely remember them, I was so young.
• 14:23
  Speaker 2: One of them was the states of Alaska and Hawaii.
• 14:32
  Speaker 2: Those two areas became states in the Union, okay, forty
• 14:36
  Speaker 2: nine and fifty. The other thing I remember was the
• 14:40
  Speaker 2: test Ban Treaty that was negotiated with Russia. And what
• 14:47
  Speaker 2: it did is stopped testing in the atmosphere of nuclear
• 14:52
  Speaker 2: nuclear weapons. And since then there's been treaty after treaty
• 14:57
  Speaker 2: after treaty between well, China got involved in treaties after
• 15:02
  Speaker 2: it became a nuclear power, and certainly Russia in the
• 15:05
  Speaker 2: United States. So what is the New Start Treaty. Well,
• 15:10
  Speaker 2: it was signed under President Obama in twenty ten and
• 15:14
  Speaker 2: came into effect in twenty eleven, and it was agreement
• 15:16
  Speaker 2: between the US and Russia to reduce the nuclear stockpiles
• 15:20
  Speaker 2: that each country had, which had ballooned in the early
• 15:24
  Speaker 2: decades of the Cold War and still by the way,
• 15:27
  Speaker 2: dwarf any other country. Russia and the US. To give
• 15:31
  Speaker 2: you an idea, well, let me go through this and
• 15:33
  Speaker 2: then I'm going to come up with a stat that
• 15:35
  Speaker 2: is just a stunner, all right. It followed other agreements
• 15:41
  Speaker 2: between the countries, all aimed at limiting the arsenals. And
• 15:45
  Speaker 2: the treaty was agreed for for ten years, permitted one
• 15:48
  Speaker 2: five year extension, and that was agreed to under the
• 15:50
  Speaker 2: Biden administration and it ended yesterday. And what is it about.
• 15:56
  Speaker 2: What is the point of this treaty? It promoted and
• 15:59
  Speaker 2: I'm going to quote now, predict predict predictability, predictability, yes, exactly,
• 16:05
  Speaker 2: transparency and stability through robust verification protocols. According to Georgia Cole,
• 16:13
  Speaker 2: a research analysts at Chathamhouse, a British foreign policy thing tank,
• 16:17
  Speaker 2: do you remember President Reagan in one of the negotiations
• 16:22
  Speaker 2: of a treaty with the Russia, said believe true, but verify.
• 16:29
  Speaker 2: And that's what this is about. So the deal limited
• 16:32
  Speaker 2: both countries to seven hundred deployed intercontinental ballistic missiles, submarine
• 16:38
  Speaker 2: launched ballistic missiles, heavy bombers equipped to transport nuclear weapons.
• 16:44
  Speaker 2: I mean that is seven hundred of those fifteen hundred
• 16:48
  Speaker 2: and fifty nuclear warheads on these vehicles and eight hundred
• 16:53
  Speaker 2: deployed and non deployed launchers. Also placed some limits on
• 16:59
  Speaker 2: Russian intercontent nuclear weapons that could reach the US okay,
• 17:05
  Speaker 2: and the treaty provided for eighteen on site inspections every
• 17:08
  Speaker 2: year each side, although this hasn't happened in several years.
• 17:12
  Speaker 2: So you just heard those numbers. At the height of
• 17:17
  Speaker 2: the Cold War, at the height of I'm going to
• 17:21
  Speaker 2: build more than you are going to build, the United
• 17:24
  Speaker 2: States had almost thirty thousand nuclear warheads. Can you imagine
• 17:31
  Speaker 2: thirty thousand pieces of nuclear war I mean, come on,
• 17:38
  Speaker 2: you think that's enough to blow up the world. And
• 17:41
  Speaker 2: so both Russia and the US, those are the big players, decided, okay,
• 17:45
  Speaker 2: we've got to calm this down. And a lot of
• 17:48
  Speaker 2: people think, and I think it's true. The reason we
• 17:50
  Speaker 2: had so many and the reason we didn't go to
• 17:53
  Speaker 2: war was because of MAD. And that is mutually assured
• 18:01
  Speaker 2: destruction MAD. Right, if you launch, We're going to launch,
• 18:05
  Speaker 2: and both countries are going to be wiped out completely.
• 18:08
  Speaker 2: There will be nothing left. Both of the entire countries
• 18:12
  Speaker 2: will be a parking lot, except it would be a
• 18:15
  Speaker 2: rubble parking lot. So that held everybody off because of
• 18:18
  Speaker 2: fear of what a nuclear weapon can do. When you
• 18:22
  Speaker 2: look at video of what happened at Hiroshima and Nagasaki
• 18:26
  Speaker 2: at the end of World War two, which is credited
• 18:29
  Speaker 2: with ending World War two. The destruction. This was a
• 18:32
  Speaker 2: single bomb that wiped out on Nagasaki and Hiroshima, one
• 18:39
  Speaker 2: bomb each, and I believe Hiroshima was twenty thousand tons
• 18:43
  Speaker 2: of TNT the equivalent of that. And then you had
• 18:48
  Speaker 2: hydrogen bombs, and now we're talking thousands of degrees of
• 18:54
  Speaker 2: magnitude over those bombs. A single bomb can take out
• 18:56
  Speaker 2: I mean Los Angeles, New York. I mean, we're done.
• 19:00
  Speaker 2: And so no, everybody is and should be frightened of
• 19:05
  Speaker 2: even beginning to think of a nuclear war. And that's
• 19:10
  Speaker 2: so far. Even crazy people who have nuclear weapons read
• 19:16
  Speaker 2: you know, Kim Jong un is kind of afraid to
• 19:19
  Speaker 2: do anything with it. Okay, and you let me tell
• 19:23
  Speaker 2: you you're going to missing missing some great stuff. Just
• 19:26
  Speaker 2: ask me, because I know right right, all right, I
• 19:30
  Speaker 2: want to finish the conversation about the New Start Treaty,
• 19:34
  Speaker 2: which ended yesterday. It was the last of the treaties
• 19:37
  Speaker 2: between the US and Russia, and it was about limiting
• 19:42
  Speaker 2: both countries nuclear arsenals and ensuring verification. Well, the ensuring
• 19:49
  Speaker 2: verification has disappeared, and we are at a real crossroads.
• 19:54
  Speaker 2: We have not had such a horrible relationship with Russia
• 19:58
  Speaker 2: for many years, particularly after the Ukraine and invasion, and
• 20:03
  Speaker 2: so as of yesterday, we're done. We have no treaties
• 20:07
  Speaker 2: with Russia, and now we're back to well, it's not true.
• 20:11
  Speaker 2: We've had treaties with Russia non stop now since the sixties,
• 20:17
  Speaker 2: with the test ban treaty, with nuclear testing, testing of
• 20:21
  Speaker 2: nuclear weapons in the atmosphere. You imagine what that was
• 20:26
  Speaker 2: happening with radioactivity and radioactive rain. So as of right now,
• 20:31
  Speaker 2: everybody is we're sort of scrambling, and Russia says will
• 20:35
  Speaker 2: extend for another year. President Trump said that's fine, except
• 20:41
  Speaker 2: he has an officially responded. And then we have the
• 20:45
  Speaker 2: doomsday clock, which I told you about. These are a
• 20:48
  Speaker 2: group of scientists who get together and every year or
• 20:52
  Speaker 2: every few months this clock and when it hits midnight,
• 20:56
  Speaker 2: that's when the world disappears, catastrophe happens, and we're blown
• 21:00
  Speaker 2: to bits. We're at eighty five seconds from that, according
• 21:03
  Speaker 2: to the clock, and which means we're the closest there
• 21:07
  Speaker 2: than I think we've ever been. No, yeah, maybe during
• 21:13
  Speaker 2: the Cuban missile crisis we were close to that. By
• 21:16
  Speaker 2: the way, the doomsday clock was created in the late forties,
• 21:20
  Speaker 2: I think right after World War Two, after the two bombs,
• 21:24
  Speaker 2: the United States dropped on the two cities Hiroshima and Nangasaki,
• 21:30
  Speaker 2: which to this date and this is always the attack
• 21:34
  Speaker 2: and it's legitimate, the only time that or times that
• 21:39
  Speaker 2: nuclear weapons were used, was the United States bombing those
• 21:43
  Speaker 2: two Japanese cities. All right, guys, we are done finish
• 21:47
  Speaker 2: Chow Baby. Tomorrow is we have a fun day tomorrow
• 21:52
  Speaker 2: eight o'clock. It's Footy Friday, Ask candle anything, and a
• 21:55
  Speaker 2: few other topics we're going to talk about. And so
• 21:58
  Speaker 2: coming up is Gary and Shannon. We're back again tomorrow
• 22:01
  Speaker 2: again starting We're back again tomorrow again and again Tomorrow
• 22:06
  Speaker 2: starts at five o'clock wake up call with Amy and
• 22:10
  Speaker 2: Will Coleschreiber and then Neil and I jump aboard. And
• 22:13
  Speaker 2: of course the two people that keep the show running,
• 22:16
  Speaker 2: which is why we have such crappy ratings and rankings
• 22:20
  Speaker 2: are Cono and Ann and congratulations, thank you so much
• 22:27
  Speaker 2: for your efforts. This is KFI AM six. You've been
• 22:34
  Speaker 2: listening to the Bill Handle show. Catch my show Monday
• 22:36
  Speaker 2: through Friday six am to nine am and anytime on
• 22:40
  Speaker 2: demand on the iHeartRadio app,