Hour 1 - 

California voters head toward November feeling pessimistic about the economy and the country’s direction. Newport Beach must run its own Nov. 3 special election for three resident initiatives after a judge rejected the city’s request for relief. An industry-funded study projects enormous production gains from a hypothetical federal film tax credit, while a Paramount-commissioned analysis examines the economic consequences of a departure from California. KFI's Heather Brooker joins the show to talk more about Paramount’s Warner Bros. Discovery's acquisition.