NYC Mayor Eric Adams, Executive Security, & Swiftonomics 12/06/24
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In the some lake valley lies an american success story.

The more success is here, the more .

success that comes .

drivers by money, power and faith.

And you have to break. And i've had to .

do a lot of that once a destination for powerful ouse, now of money making powerhouse cities of success. Salt lake, miss C M B C, serious X M one twelve.

bringing show music.

Hi m cnbc producer katy cramer today on square T. A manhunt underway in manhattan. This does not appear to be a random act of violence the stunning murder of a health care executive, chilling citizens and security experts, new york's mir eric atoms.

This is the impious state, and we build implies here this is the safest big city in america. And I know that the incident like this will strike at the core of the title that we have.

and how sea sweet leaders can assess threats, especially on social media, with corporate security expert dave common dot.

the chAllenge with the proper security is trying to determine which one of those threats really come with, and capability .

then the billions spent. During Taylor swift global eras tour, american university professor carr rental on swift nomics.

Personally, my household's friendship raced material budget has skyrocket this year, so across the board.

plus a few familiar names heading to the new administration.

And welcome to the world of internets worrying Kitty memes.

Stocks move. There's only a couple of people .

in the world who I think about that level of influence.

and Kitty is one of them. It's friday, december six, twenty, twenty four squared begins right now.

Stand back by in three, two, one cully.

Good morning, everybody. Welcome to school box right here on cnbc. We're alive from the anzac market site in times square. I'm back to quickly along with joker nan and Andrew ross sorkin. It's friday we're feel in today.

right? Yeah, I Better not do that. Yeah, I Better not do that.

Do what think people .

think i'm serious and don't know.

like, I don't always know what that is. I know when it's friday.

Now to the latest, we want to bring you right now on the murder of the united health care executive manhattan. This week, police releasing these photos from a hostel on the upper side of a person they say is, quote, wanted for questioning in connection with the shooting comes a day after that. You really these photos of a mass man taken from the star box in midtown prior to the shooting. Those are among the leads at the moment that the investigators are chasing into the man who fatally shot brian thoms and me time. Police are investigating the three words edged in the bullet casings found at the Murphy, those s delay, deny and depose, and the echo phrase commonly used to describe ensure tactics to avoid paying claims is also the name of a book that describe exactly how to do that positive.

They have a water bottle and a burner phone and and the .

possible .

on some of the unfired rounds that could be even fingerprints of dinner IT. The lead story are one of the lead story in the journal. Dozens of security cheese from us. Companies, large U. S.

companies. They are all scrambling. Ery deal was going on.

but not the conversation .

that afternoon. Threats against .

executives, big business, corporate america, you know, fuel by social media and the front political or environment. I mean, I hope I just then become a thing.

There have been a flurry of stories on x people posting the troubles they've have with their insurance companies denied them insurance on these issues. By the way, I would say this points, a lot of this evidence would point to the idea that this is someone who was very frustrated by their claims getting denied.

But if you were trying to sway people, the police are also saying this is evidence that would point you towards that direction to try and throw them off the sent too. So they are going going to get to the bottom of us and try and figure out what's happening. But IT is kicking off a huge storm of questions being asked their corporate amErica about the the political climate, the environmental climate in .

this country and safety. You can pick your thing that you're mad about if you, if you're very populist. And antibiotic, I mean, I could be vaccine makers, IT could be Price gould's, IT could be.

We need to give any Better, any choices.

I think that they make up their own minds. We're not onna be but think about how many, especially given the way you know corporations have been had a target on the back in terms of they do all these horrible things. You know I could be I can give you ten.

I have A I think it's best not to honestly.

we're talking i'm going to give you the top ten businesses people think are really know either gouging ing or unfair or I mean, anybody who's a little crazy, they would have his own then data again, again.

And I think that, that they should they want to have that, let's keep bad vended in somebody y's head.

In the meantime, the business is reacting to some of these things. Ensure anthem blue cross blue shield is walking bank, a policy change that drew attention online after wednesday's shooting last month, and them decided to limit reimbursed sets for anesthesia during surgeries and medical procedures. IT would have rembas sed doctors based on time limits that were determined by the insure, not the doctor.

That change triggered outrage from the american society of anesthetic logic, but went largely unnoticed until wednesday in a statement to abc news, anthem said there has been significant, widespread misinformation about an update to our anesthesia policy. As a result, we have decided to not proceed with this policy change. A spokesperson said the change was designed to clarify the appropriators of anesthesia consistent with well established clinical guidelines and safeguards sh against potential anesthesia provider over billing before the policy reversal. The states of new york and connecting ted already stepped to stop the plan .

from going into a fat. Also talk about this in in ways, I mean, I can see how is right for maybe abuse because we hear but you know self for for between. What can you imagine if if there's something taking little longer during an .

Operation and they decide to cut off the 是 i mean.

to be that would not be allowed, but that was under in the the .

battle between doctors and insurance companies where doctors say you need this, the insurance.

The company says doctors don't I don't know if you can do anymore, but they used to own a lot of the testing facilities in person for all these unnecessary it's a complicated .

health care system. There are lot of pressures that are coming to bear on IT. We going to see more of this in the next year.

There are some new picks from the incoming trump administration out late yesterday, my friend David prod. He has chosen former georgia senator David puro. Congratulations to be as ambassador chinese. There are more important ambassador ship. I don't know, there is during this time.

probably not. There is two largest economies in the world.

Senator produce ambassage to be produced in the senate from two fifteen h two thousand two thousand fifteen to twenty twenty one. Before that he was A C U of a of several big company is like rebuck a in .

dollar general on this pic um it's interesting because there are so many china hawk's nines heart to put forward, including marco rubio for a secretary of state.

But this is somebody who china .

understands china and and it's going to be a different force in the cabinet. It's interesting you talk about the the people who be coming out and arguing their points .

in front of president tram and we put him on if you put rubio as A I don't know over here where, and I don't know who you think a dog is.

where is I have no, I don't.

but definitely somebody who would be looking for ways to work with china.

He's is a great, I mean, I do. I super cute. This I know very well playing off of them all the time. And a great offer, by the way, hits IT. So for but maybe he'll start not being good is good.

But I can tell you that if you look at recent histories, very loyal to president and trump because, you know, the georgia election IT all came down to that election on who was going to control the senate. And there are some that said that maybe the present from didn't go hard enough for for puri at that point. And then if you call, they were pretty chAllenged, a very popular georgia government, brian camp for the government ship and was successful those. But is is very unusual.

I don't know, is there ever been a time where that we've had an ambassador's job was to be genuinely combative, meaning you go live in the country and your job is effective not to have I assume you are assigning somebody to be a ambassador. Part of the role has to be with with the minimum. We want you to be the guy who's going to have some kind of diplomatic relationship with these people, even if our policies are such that are going to make a chAllenging or you look to a person to actually sort of manifest that the polis is. And then how does that even work?

I'm not convinced that the trump once an open confrontation relationship, but I think he wants to show that he can work with china and he know he said these positive things about SHE, said these positive things about about him. And if it's all negotiating, I mean, i'm open for Better relationships in terms of trend. I hope they they stop dumping, don't continue to do these practices that require across the tears for twenty five percent terrace.

And I think maybe, you know, produce a guide of to be able to extract some of those concessions that we can only hope should be positive. We should hope all this stuff happens. David, tax trump, uh, pick this gentleman to be a the White house A A I encrypt zar and you will know that was that it's a new position here in the announcement.

Uh, trump s at sax will guide policy for those two areas are critical to the future of american competitiveness. A sax was a cofounder of paypal where he worked with elon musk. Peter T O E later founded software company emr, which is required by microsoft, is known more recently as co host of the all in podcast, which also features a chamar polypi ia. And you would have to say, just on social media, he was he was outspoken. Yeah.

he was big foundation ies or two big .

funders and really outspoken in this support, obviously for, but also very critical of the body administration in the couple hairs.

Shares of game stop briefly halted for volatility yesterday, the jump py as much as fourteen percent. This is after ecliptic post were going to show to on x from Keith gill, the trader known as, if you remember roaring Kitty, he posted a mock up of a time magazine cover. This time features a blank computer screen with a media player that resembles youtube.

IT appears to be an edited version. The two thousand six issue of time, when the magazine named you meeting all of us person of the year with the murr, right? That was on the mirror.

Now, with the lack of context, traders made their own assumption. Shares of unity software jumped taker you so to the shares of clear secure inc. Tiger Y, O U, before eventually all closing lower. Welcome to the world of I don't know what presented without comment. I don't know what the comment is supposed to be.

No, be. They'd be great if you could do that. You is he allowed to buy bunch of calls and then do that?

Yes, I sure I be on those stocks. I don't know. sure. And let me be good to do that.

Do you know what caught if you bought a hundred call?

But the question is you, the S, C, C, what would be your claim?

right? It's is not trading on insider or information.

Such a great thing for him to be. No, I don't. It's so it's like nebula seems like a lot more than Martha steward did .

that few people who have been able to that elon musin, one of them every time I mention those coin or something sky, right? Like you .

can look at a text.

No, no, no. There are few people who are able to do that just by letting the world know they're thinking about something everybody is like interested and runs to IT.

Those are the only two people I can think billion dollars needs anymore.

And no, but there's only a couple of people in the world who I think of that level of influence and more kid is.

He's will be next coming .

up the disturbing story of the targeted shooting of a health care C E O in new york city, what corporate leaders are doing to provide security for their executives, and new york mayor eric atoms joins us on the fear factor in the nation's largest city today.

Personal protection is a personal decision. You have not only those who are business executives, as you indicated, we have a high less, a less celebrities in sports figures.

All that and more to come. Squad pod will be right back.

In the some, like valley, lies an american success story.

The more success is here, the more .

success that comes .

driven by money, power and faith. You have to break. And i've had to do a lot of that.

Once a destination for powerhouses. Now on money making powerhouse city some success, salt lake city for me, summer ten years. C M B C, serious X M one twelve.

Welcome back to school pod. I'm producer katty cramer. On wednesday, a masked man shot and killed united health care C.

E. O, ran Thompson in midtown manhattan and fled the scene on thought. And then we think on an electric bike. A city wide manhunt remains underway today, spanning central park and nearby hostel public transportation.

But for our executive audience here at C N, B C, A big question looms, how important is personal security for corporate figures? And how public does a figure need to be? To merit a detail, we asked a former boeing VP and security officer who never runs his own risk management services from dave commons, t, who explained, analyzing the source of risks.

There's less on going right now. There's pressure within the workforce. So you got in employee population at times that um feels under pressure that creates internal risk. And then clearly um companies that produce products or provide services that that create a motion with their users can drive break the um the use of social media has driven those types of threats were seems really a really unfortunate comments on social media about what happened to mr r times in this week and so social media gives spokes a forum to really voice their opinions on things and and the chAllenge with corporate security is trying to determine which one of those threats um really come with and ten and capability so you really transport ate the meal from hater.

But that's a big question. I think right now, if if you are the leader of a company, coc fo, I don't know how far down the title rank you want to go. And there's the question, should you be walking around with security? Should there be somebody with you when you travel?

I mean, I think those are the the big questions. Some companies obviously assign security, require IT key men n provisions and other things like that. Uh, others don't.

I I actually want to walk with a CEO about three weeks ago, and I realized that there were two guys actually thirty feet behind. Doesn't I said, are those guys? Are those guys with us? So they were and he said, yeah.

And I I was surprised to be on to you because I didn't think that this individual needed security at all. And you know, but then there are there are other people who I know, who I actually think probably do need security or I would think they should have security and they don't have any. And so there's a sort of very interesting sort of just position this fellow said look at, he said it's an insurance policy given up what's going .

on that don't .

for this larger insurance piece.

effectively not insurance in the health helped. This guy was shock that there was that he would came back here.

So I mean that so I it's a little bit like asking a barber whether you need a haircut. But at what point are you supposed to say yourself you're getting threats are either by email or twitter or other other avenues? And how seriously you're supposed to take that? I mean, I think that is really the sort of the fundamental question .

yeah any other is a great question. And it's when the corporations rest well with every day. I think the key here is if you have a solid and a protecting intelligence program where you are constantly assimilative threats that are coming in your company, post your employee base, your executives and transmit against your company reputation, if you're able to do that well, then you are able to separate out those threats that really come with some extent.

But how, dave, how do you do that? How do you track IT down? Because is IT like you literally chased down everybody who makes a threats on twitter to figure out if they have means to a gun, whether they be, whether they are really on hinge of whether they say this all time. And how do you tell?

Well, uh, there are many tools that corner amErica uses today to gather the threats and then um those protective intelligence seems look at that body of friends coming in and when they feel uncomfortable with something, they see something that appears to be outside of just Normal noise. Uh many companies hire third party um risk assessment professionals, people that have a backup.

And through assessment, they understand the psychology of threatened and they have those people either understates are on retainer to further looked into those types of threats and make a determination. Hey, this is something that we need to take the enforcement we are very concerned about or we know that we're going to be an area where the threatened lives. And so we're going to make sure that we provide physical protection with our precise when he or SHE is .

out of business day.

New york is home to many business headquarters, but it's also a destination for this time of year for holiday events and corporate events. The sight of the united health care shooting at the Hilton hotel was also set to host the company's invest day. So how concerned should high profile new york course and maybe high profile visitors be? We asked big apple mare eric atoms amid the shooter manhunt.

Join us right now for more on the manhunt in new york city mayor eric Adams. mr. Mayor, thank you for joining us this morning. Uh, this is a an event and images that shaking the city to its core, especially the business community that I think is now more worried than ever about their own security. Tell us about sort of where this investigation stands and then will dig in to maybe some of the the broader implications.

Thank you. Good to see you again. We ask in a every new york and americans to look at the pitched a photo, uh and to assistant, if you know him, if his face looks familiar but please reach out to our law enforcement agencies here, or your local law enforcement, uh, agencies, so that we can bring this person to justice and remove them off on the streets of our country.

This was amazing police work here. This was a fully mask individual. And because of our video surveilling system in this city, and we were able to track him and get these videos of these photos that you see right now, IT was not a easy task. Within just a few hours of the many women of our law enforcement entities are going to bring this person to justice.

Miss america, you tell us, is there is there any new progress that we don't know about beyond these images, which have now been brought to the public in terms of where this investigation stands? Any suspects that you feel like you are closing in on or have a Better insight into?

yes. And there's a lot of new information of that. Our detectives and other law enforcement interties were able to fine based on their good old fashion police work. But as you know, there is a very as the level of sensitivity that you wanna do anything that's going to endanger the investigation or to tip off the suspect. Um we will have a four briefing of when this person is brought to justice.

this marriage you have any sense I mean the the speculation as you know, that that rampant is that this is the result of this gentleman job and that he was targeted as a result of working in this insurance industry potentially and that that this is was there was targeted as a result of that as opposed to some kind of family scramble or some other event. The reason I asked this is we're on a business network. There's a lot of business executives that are watching. And I think asking the question how safe are they yeah.

And I think your question is a good, good question. And you know is a baLance here that I want to strike to. Number one, a ensure that all of the business people in the city, this is the empire state, and we build the impious here.

This is the safest big city in america. And I know that the incident like this will strike at the core of the title that we have. But this city is a safe city. We have an amazing police force, and they continue to have drow drove down crime of the entire time that i've been in office. And so we are going to continue to ensure the safety with the emmy presence of our uniform police officers and some of the tools that you don't see. But at the same time as I want to ensure their safety, I do not want to do anything at all that's going to emp er the investigation and the apprehension red of the person responsible for this crime.

I got a more complicated to one for mister mayor, which is a lot of executives, senior executives have what's called the executive protection. That's the sort of parLance for the industry executive protections. When you have a body guard or somebody who walks with you where you go, there are some people, uh, big name billionaire, you know, who walk around the city completely on their own, out out any any protection of any sort of there are others that may have even a lower profile that that do have that protection for lots of different reasons. How do you think folks should feel about that?

Well, I think personal protection is a personal decision. You have not only those who are business executives, as you indicated, we have a high list of aid, list celebrities in sports figures, but the beauty of new york city. You can actually blind right into the entire atmosphere of the city.

And so I feel the other day of manning and that this is the first time we took the sowe system because our so we system is the safest. And almost always over fourteen years, when you in new york, everyday in new york is a hustle and bustle going on with their daily lives. And they are focusing on individuals and people should go and continue to live their lives.

I think I was just mitchy. That's where one, number one, two destinations for twenty twenty five. This just goes to show, you know, the american city was on analysts. This is still the exciting place to live, to entertain and to raise health and children and families because we save.

Miss mary, I want to pay IT to a different topic, which is immigration. You're mating with trump. S borders are next week, you also and came on squad h back in march and talk about those a debit cards that are you are application to be giving to migrants that that program is is ended。 But i'm curious whether you think in the in the end that was the right decision or the wrong decision not to ended, but to begin IT?

yes. And they were not debit cards. They were full cards. And you know, some of sensationalism that was attached to IT didn't understand a full mission.

These were full cause these law requires us to feed the migrants, and asylum is out here. We saw that there was food waste, and during the emergency, we gave them food card. Where they were, they had to propose food on those cards.

Instead of purchase from large conglomerate, were able to spend the money locally in our local store, our pod, as our supermarkets. This was a smart idea of recycling the dollars within our city. In the reason we ended the program is because of the job we've do, two hundred twenty thousand migrants, es in the sign, six in the city, hundred and seventy thousand.

We were able to move to the next leg of our journey because of small, small policies. We brought down the course of the migrant asylum seek. Is this cause our city? Six point four billion dollars that the federal government should have picked the Price tag, and they did in.

So we made the right decision. nothing. Now we have an administration that we can work with to further secure our board is a deal with this immigration crisis we're facing.

What's been the the reaction to some of your comments that you made to really this week about immigrants and immigrants that have comes to come to the state illegally and and what may happen under a trumpet administration, you've suggest you're going to work with the trump ministration. There's others obvious in this city who and this is considered a blue city for a long time um that have have suggested you shouldn't be think .

I think there for a moment. Imagine four years of worrying with the president and not working with the president of our country is about how do we move our cities forward and that's what my goal is going to do a and people say your changing comment is the same comment when I was on your program a last year, I talked about those small number of migrants and asylum seekers were coming here committing violence in our city.

In those act of violence are unacceptable. Not only are they unacceptable to everyday new york is, but they also unacceptable to magazine an asylum seekers. Why here? Anyone that commits a crime in this city of should be held accountable in those who are here are based on the guest of our city in our country. They should be removed from our country after they are of their time. I've been consistent on that, no matter who's the president at the time.

What's your relationship trip right now with present trump, a present elect trump? He made some very nice comments about you. As you might remember at the al Smith dinner.

all of a nice person so people should make nice comments about me. You know, I have a big heart. I love the city. I served IT as a police officer.

Stay signature um in the ball president and so president bited me a nice comments ce about me when he came to the city and I visited him in washington, D C. And talked about crime, he helped us crime issues. Uh I think we should have done a Better job around secure our borders and not have the cities paid this awesome amount to do with a national problem. And so when I communicated with the president is the same thing, I communicated with president bright, but we need resources for the city of new york, and I look forward to working with his administration and bring those resources to this amazing city.

Question about your own personal situation, you said earlier this week the present but and and present like trump now agree on one, which is that the bite and justice department has been politicized. You said that in regard to the the hunter a abiden pardon and you said that that relates to your case. My question to you is, would you try to seek a partner in advance from either biting or trumpet?

Well, I have been extremely clear. I did nothing wrong. I have a great team of attorneys in any pathway to justice.

We're going to seek that. No american should go through when i'm going through right now. And really no americans should go to some of the things that we have witness this. I mean, when you put everyday parents on FBI watch list because they standing up fighting for their children, when you looked at some many things that are happening, uh to everyday americans, uh, is just not right and you know, to spend millions of dollars in legal fees to have information leak about your investigation continuously, no american should be gone with this. We deserve more in america.

president like trump, about a partner or the current president.

I know I have not. I have a legal team that's handled in my case, and I have a great deal respect for them and they're going to handle that. I said to new york is when this first became a public, that I was going to keep our city on a path.

Way of success that we witness in a city of yes vote is a reflection of their turned around our economy, dealt with all the crisis that we have to face. I lived up, and i'm going to. Live up to what new york has asked me to do when they elected me, and make sure the city continue to progress.

I don't know how comfortable you are, wing and on on stand, then your penny third day jury still will not back, asking some more questions you made A A some kind of comment about i'm not I let you make a support clear about what you know. But what what do you think a conviction or a of fifteen year prison sentence IT would seem like no one would would step in on a situation like that. Again, IT seems like a bad precedent and IT almost seems like, I don't know. It's a reflection of what's been going on in the city for a while, or someone trying to to actually help out in the situation ends up on the losing end.

Well, I I think we've all always ask new york as you see something to say, something to do, something new york is have always had the spirit and energy to come to their fellow. New york is and we have to be honest about to severe into health crisis that we we are facing. No way I want to do anything that's going to presidents make the jury decision, uh, harmful in any way.

He was going to be judge by a jury of his peers. They're deliberating, let's let them do their job. But I do know we have a broken system of the was severable to have uh illness in our not only our subway system but on our streets.

I have been advocated to give us more powerful voluntary removal for those can take care themselves in a dangerous to others. And this Young man, uh, was part of that problem he was in, revolved in door mental health system. And we have to do a Better job of that.

And I wish his family well, and I wish the family of mr. Pinny well as well. Mister mayor wanted .

ask you about housing because you score to win. This week, the city council passing your affordable housing plan. Question I had is how much of this is really about building new housing versus listening restrictions on current buildings and how far ultimately you may be willing to go a to change the dynamic ground pricing? Uh, in the city for housing, airbnb es been trying to get into the city for a long time. Hotel Prices are high. Do you see a path for that?

What comes next? Well, as a combination. And this was a well thought out plan that started in orbit. We met with the governor and leader, hasty and leader, majority leader Andrews to IT courses. And they are team to talk about the state reforms that we were needed.

We were able to accomplish the uh, conversions of office building into houses, F A R, uh, changes and other changes. Then we had to come to the an implementation plan here in the city, and we just accomplish that yesterday. This is of the most comprehensive and largest housing reform in the history of the city of new york, eighty thousand. Oh, this is what we wanted to accomplish and is about number one and synthesize and more building and then going after at one point four percent vacation rate uh in our city and having every neighborhood in the city and contribute to new housing without changing the low rise uh areas in our city is mary want to .

thank you for john us this morning preciate.

Next on squad, a change of pace, the swift effect on economies around the world. As Taylor swifts eras tour wraps up this weekend, the fun, the fashion, the fans and even Taylors very public relationship with nfl star travis Kelly will talk to a university professor in swift nomics god super excited .

that their Young daughters are now sitting with them on the couch watching football. So I think it's actually a great thing for families is.

Once a destination for powerhouse, now of money making powerhouse, driven by money, power and faith cities of success saw leg city premiere tenter C, B, C serious sex twelve.

This is square pot up an enter.

Q you're watching square box right here on cnbc. We get a lot going on. A major in along with joe carnon and Becky quick .

tell us swift is wrapping up her record breaking errors tour this weekend in vancouver. The tour last at over a year, with one hundred and forty nine shows across five earning over a billion dollars in impacting the global economy in many ways. Let's dive into the swift.

Nomics of this to us now is professor carrot rentals. She's the american university chair of the department of economics, but even more so, she's a professor of an actual course called swift and nomics, which is a course on the economics of tell with I maybe too late, professor. But p cock has a great big four part episode documentary called the swift effect that we should have had. I think that you should have been part of that or what are you part of that?

I wasn't part of IT about putting on my site bus for next semester for sure.

And it's A I think two two episode a two more coming uh in in january. IT is probably a big enough phenomenon to justify you actually having a course because we're talking about not just know what what the swift camp was able to generate for itself, but every every city of the hotels, the restaurants, the uber, that there's a huge rip effect that that maybe people don't understand.

That's right. In the first twenty cities that he went to, there was a about a five billion dollar of effective direct spending, especially the hospitality sector on average. Um people are going to the concert spent about fifteen hundred dollars not just on the tickets but it's on the outfits and the transportation food. Um personally, my households friendship racing material budget has sky rocket this year so across .

the board that was that the threat of IT in maybe they love each other the way the whole thing has happened with with and it's almost a partnership with the nfl. Professor.

yes, absolutely. I mean, I I hear over over again dad super excited that their Young daughters are now sitting with them on the ch watching football. So I think it's actually a great thing for families, be honest.

And then on top of everything else, there's I don't know what I what you talk about that the change in the business model for the way movies are produced and distributed um because AMC um you know this actually produced I guess tei can produce the movie but distributed by uh c cutting out a lot of middleman. I to think a lot of a lot of studios, we're real, ed with that. But it's a whole new business model is done with beyond. It's probably going to be done again and again and again.

Yeah I think a one studios were kind of aggravated because he met with several of them and kind of got a lot of ideas, but most of their ideas were about streaming, like what would happen after the theater. And they really went to create this experience for her fans that weren't able to go the concert in the theater, because part of the benefits of those concert is the comrade with the other fans.

And that s what he went to create in the theater. And that's what he did with M. C.

Yeah, they stated in change. There are, it's expensive. It's expensive to go in in to see the errors. Uh, tour concert. And I think that in sort of an altruistic way that the swift people wanted every Young girl or guy that they wanted to see that to be able to to have that experience for, you know, whatever is twenty dollars instead of whatever with a ticket cost. And i'm sure they went into the stratosphere in .

a lot of cities, shy away from that thinking I would reduce demand for going to live concert. But clearly I didn't write that he has enough um supporters that IT is the best selling concert will be all time and the highest growth sing to our all time, so they really complemented .

each other. We will tell you that the c of see after the pandemic is still hasn't recover completely and we need theatres in my view. I love movies.

I love theatres. And part of bridging the, the, the future for a MC IT helps the revenue from the telecoms. I helped restructure some dead and push IT out.

And and IT looks very good for the future. Looks bright now. So it's amazing, professor, all based on someone who really knows how to write, uh, great music. I think that's the why it's such a phenomenon. I think it's almost a savant when .

you say and we have this pandemic recovery, right? And her two or also really helped hospitality sector recover and a lot of different cities. So SHE had this dramatic impact across across sectors. Um it's been noted in federal reserve board reports, right that you can ignore the economic impact this two time. Well, you you cheer .

the the economic apartment at at a good university and IT became us, of course. So it's pretty amazing. That does a lot.

Professor rental. Thanks for your time this morning. Christian.

Check out cheers of A M, C. Falling now. The company announcing IT is now enter a sales and registration agreement.

Golden sax agrements would allow AMC to issue up to fifty million chairs of its class a common stock. And that's raised questions, of course, about delusion. The good news is we'll have some more money to deal with debt. The bad news is, if you are equality older, you didn't get polluted. But this has always been the story of of and the question is, can they can they make .

the timing work, the restrict or not too longing and IT was at the and pushed out well beyond twenty five and twenty six. Your delusion, you won't give a dam about delusion of the company.

Oh yes, if the company doesn't exist, that's the whole. And that so this is the whole story is a fascinating sort of I I think .

is a like if you are looking at the prospects for the company itself is a good thing. They can tell IT and IT. Well, IT was below four and a half dollars.

They can self fifty million and four and half dollars. And they still, I don't know when they turn positive and turn of a ebit other still down. I think a third right .

from the prep .

levels there is a plan. A T.

he says he is bad. Yeah.

the plan to profit build, I forget which year, not twenty, twenty five or even positive you right? But they got a lot of cash I think they would have of a going dollars in the bank of.

That a school pod for today and for the week, thank goodness it's friday squares is hosted by joe carnon fee quick and Andrew ross sorkin. How do you get more squares in your life? Tune in weekday mornings on, see IT sexy turn or get the best of our morning T V show in this easy to listen to podcast available every day for free wherever and whenever you like to listen, follow us. Share us with a friend and that's IT will meet your right back here on monday. Have a great weekend.

Are clear. Thanks, guys.

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