Good morning and a warm welcome to your show, Sunny Mornings in Encinitas.
I'm your host Melissa and it's Wednesday, June 5th.
Coming up on today's show, we'll get into the surf report and the weather outlook, then
we'll jump into some local news and a few interesting happenings in business, science
and entertainment.
First, you'll be interested to know 91 years ago, today in 1933, the United States
abandoned the gold standard, a system where currency is backed by gold.
This move came after Congress nullified creditors' rights to demand gold payments.
The decision followed bank failures during the Great Depression, leading to public gold
hoarding.
Shortly after taking office, President Roosevelt enacted measures to prevent bank runs and
halted gold payments.
These actions aim to combat the economic downturn by inflating the money supply, drawing inspiration
from Britain's earlier move off the gold standard in 1931.
So now you know.
And now you know what time it is.
It's time for the surf report.
Expect a playful mix of swells on Wednesday, with thigh-to-waist high waves at average breaks
and chest-high waves at combo and windswell focal points.
The best combo and summer exposures in South County San Diego will see occasional peaks
pushing near head-high.
A weak coastal eddy lingers through the middle of the week with variable to light wind early,
Wednesday in Encinitas and North County.
It's looking fair at 2 to 4 feet most of the day with some cleaner conditions for your
sunset session.
Best time to ride is at 7 a.m. with a one-and-a-half foot incoming tide when the South Southwest
swell is 2 feet at 16 seconds and the onshore wind is 4 mile per hour.
The first high tide Wednesday will be 4 feet just after 10, with a 2-foot low tide just
before 2.30.
The new shore gooey at Scripps in La Jolla reads 64 degrees for the water temperature.
Checking out the weather in the Encinitas area.
This morning it's cloudy and feels like 62 degrees with 2 mile per hour wind.
The sunset will take place at 7.54 and it will rise again tomorrow at 5.40.
It looks like we're in for some patchy fog before 11 a.m.
Otherwise cloudy, then gradually becoming mostly sunny with a high near 66 and wind
of 5 to 10 mile per hour.
Tonight it'll be mostly cloudy with a low around 62.
Looking ahead in the weather.
Thursday will be mostly cloudy with a high near 67 after morning fog clears.
Friday will be cloudy in the morning clearing up to mostly sunny with a high near 67.
This weekend will be mostly sunny with highs around 67.
And Sunday will be cloudy in the morning clearing up to mostly sunny with a high near 66.
Bonjour, food enthusiasts!
This podcast is brought to you by Versailles Cafe and Pastries in Encinitas.
Nestled on El Camino Real South, just north of Encinitas Boulevard, this cafe is a haven
for culinary delights.
Indulge in their amazing Eggs Benedict or their gluten-free crepes.
You can grab a panini for lunch or just breeze on through to get your morning coffee.
They are open every day from 8 to 5.
So stop on by and don't forget to tell them.
Sunny mornings send you.
In local news, San Diego gene sequencing giant Illumina will spin off early cancer-detecting
startup Grail for the second time after a failed $7 billion acquisition.
The Illumina's board approved the move, effective June 24, with Grail trading on the NASDAQ under
GRAL.
The acquisition faced antitrust challenges from U.S. and European regulators, leading
to a proxy fight and the resignation of Illumina's CEO.
Illumina shareholders will receive one GRAIL share for every six Illumina shares.
Now on to sports.
Christian Nkafri signed a two-year extension with the 49ers, making him the highest-paid
running back through 2027.
At a press conference, Nkafri expressed his excitement about staying with the team and
highlighted the broader impact of his deal.
He emphasized the importance of valuing running backs, hoping this contract sets a new standard
for their compensation.
While the full impact remains to be seen, Nkafri's extension could influence future
contracts for other running backs, benefiting the position lead-wide.
Last night in local sports, the Padres on the road lost to the Angels 4-2.
And tonight, it's the final game of the series before they head home to play Arizona.
In top news, the FBI, known more for law enforcement than entrepreneurship, actually ran its own
cell phone company called Anom as part of a massive sting operation called Operation
Trojan Shield.
For three years, Anom's encrypted phones were used by criminals who unknowingly had
their messages read by the FBI.
This operation led to over 500 arrests in 2021.
Journalist Joseph Cox's book, Darkwire, details this unprecedented operation, which Netflix
is adapting.
The sting has raised significant concerns about the security of encrypted communications
and the potential for similar future operations.
In business news, on June 3, a data glitch caused Warren Buffett's Berkshire Hathaway
shares to plummet to $185 each, a 99% discount from over $620,000.
Those who bought these shares at the rock-bottom price will have their trades canceled by
the New York Stock Exchange.
The issue linked to a problem at Consolidated Tape Association lasted about an hour and
a half.
Other impacted stocks include Chipotle, Barrick Gold, and GameStop.
Despite the glitch, Berkshire Hathaway shares closed at over $631,000, unaffected by the
error.
Well, it sounds like someone was affected by the error.
In crypto movement, Bitcoin is just under $71,000.
Ethereum is nearing $3,800.
And Solana is $173.
Moving on to a more local vibe.
In our community spotlight on health and wellness, we are working with a national Pilates studio
to bring you some free classes, so listen up.
Check out Club Pilates with several locations in the San Diego area.
Pilates presents a comprehensive wellness approach, cultivating strength, reducing tension,
and elevating mental well-being.
Scientific research affirms its benefits.
So now you can check out Club Pilates for a free class with locations in Encinitas,
Solana Beach, Oceanside, La Jolla, and more.
Just be sure to tell them Sunny Morning sent you by.
And now back to the show.
Let's talk science.
On Tuesday, FDA advisors overwhelmingly voted against approving MDMA for PTSD therapy, citing
numerous trial flaws.
Despite initial positive results, experts found significant issues, including unblinded
trials and missing data on MDMA's biological and cardiovascular effects.
Concerns were also raised about the psychotherapy technique used, linked to dubious new age
practices.
Accusations of data manipulation further tainted the trial's validity.
While the FDA often follows its advisors' recommendations, it will make its final decision
after completing its investigation into these allegations.
And in entertainment news, Elizabeth Warren criticizes Ticketmaster and Live Nation for
monopolistic practices that harm artists, venues, and consumers.
The DFJ's antitrust lawsuit highlights how the 2009 merger created a powerful entity
controlling most U.S. concert promotions and ticket sales, leading to exorbitant fees and
limited competition.
The lawsuit aims to break up the monopoly, restoring competition, and potentially lowering
ticket prices.
Despite facing legal action, Ticketmaster is heavily lobbying Congress to maintain its
dominance.
This move could significantly impact the live entertainment industry, fostering more equitable
practices and better experiences for audiences.
Well, alrighty folks, it's time for the quote of the day.
And today, our quote comes from the 32nd President of the United States, Franklin D. Roosevelt.
He said,
In politics, nothing happens by accident.