WEBVTT 00:23.533 --> 00:27.366 align:start position:10% line:74% size:80% >>> GOOD EVENING AND WELCOME TO 00:24.366 --> 00:30.100 align:start position:10% line:74% size:80% OUR SPECIAL HOLIDAY EDITION OF 00:25.533 --> 00:31.433 align:start position:10% line:74% size:80% THE WEEK IN REVIEW. TONIGHT IS 00:27.366 --> 00:32.733 align:start position:10% line:74% size:75% THE ECONOMIC YEAR IN REVIEW 00:30.100 --> 00:34.000 align:start position:10% line:74% size:75% AND A LOOK AHEAD OF THE MAJOR 00:31.433 --> 00:35.066 align:start position:10% line:74% size:80% BUSINESS TRENDS IN 2023. BLACK 00:32.733 --> 00:37.300 align:start position:10% line:74% size:80% FRIDAY IS UNDERWAY AS THE YEAR 00:34.000 --> 00:39.033 align:start position:10% line:74% size:67.5% OF ECONOMIC UPS AND DOWNS 00:35.066 --> 00:42.900 align:start position:10% line:74% size:80% BARRELS TOWARD THE FINISH LINE. 00:37.300 --> 00:43.766 align:start position:10% line:74% size:75% NUMEROUS INTEREST RATE HIKES 00:39.033 --> 00:45.100 align:start position:10% line:74% size:75% TOTALING NEARLY 4%, THE FED 00:42.900 --> 00:46.733 align:start position:10% line:74% size:72.5% HAS ACTED AGGRESSIVELY THIS 00:43.766 --> 00:56.533 align:start position:10% line:74% size:62.5% YEAR TO TRY TO CURB THE 00:45.100 --> 00:57.266 align:start position:10% line:74% size:77.5% COUNTRY'S 8% INFLATION. IS IT 00:46.733 --> 00:58.766 align:start position:10% line:74% size:70% ENOUGH AND ARE THEY DONE ? 00:56.533 --> 00:59.233 align:start position:10% line:74% size:70% MEANWHILE, PRESIDENT BIDEN 00:57.266 --> 01:00.033 align:start position:10% line:74% size:80% TRIES TO PUT A POSITIVE SPIN ON 00:58.766 --> 01:01.133 align:start position:10% line:74% size:35% THE OUTLOOK. 00:59.233 --> 01:02.600 align:start position:10% line:74% size:72.5% >> INFLATION AT THE GROCERY 01:00.033 --> 01:05.166 align:start position:10% line:74% size:80% STORE IS COMING DOWN SLIGHTLY, 01:01.133 --> 01:06.166 align:start position:10% line:74% size:77.5% PRICES FOR THINGS LIKE CLOTHES 01:02.600 --> 01:06.500 align:start position:10% line:74% size:57.5% AND TELEVISIONS, AND 01:05.166 --> 01:07.433 align:start position:10% line:74% size:75% APPLIANCES ARE GOING DOWN AS 01:06.166 --> 01:08.466 align:start position:10% line:74% size:17.5% WELL. 01:06.500 --> 01:09.466 align:start position:10% line:74% size:75% >> BUSIEST TRAVEL WEEKEND OF 01:07.433 --> 01:10.366 align:start position:10% line:74% size:62.5% THE YEAR AS THE AIRLINE 01:08.466 --> 01:11.233 align:start position:10% line:74% size:77.5% INDUSTRY LOOKS TO FINALLY GET 01:09.466 --> 01:12.466 align:start position:10% line:74% size:80% BACK TO PRE-COVID PERFORMANCE. 01:10.366 --> 01:14.700 align:start position:10% line:74% size:72.5% TODAY KICKS OFF THE BUSIEST 01:11.233 --> 01:19.166 align:start position:10% line:74% size:80% SHOPPING SEASON OF THE YEAR AS 01:12.466 --> 01:19.966 align:start position:10% line:74% size:80% RETAILERS BANK ON BLACK FRIDAY 01:14.700 --> 01:20.766 align:start position:10% line:74% size:80% AND THE HOLIDAYS TO PUT THEIR 01:19.166 --> 01:21.800 align:start position:10% line:74% size:57.5% MARGINS OVER THE TOP. 01:19.966 --> 01:28.333 align:start position:10% line:74% size:80% MEANWHILE, POTENTIAL EARTHQUAKE 01:20.766 --> 01:29.466 align:start position:10% line:74% size:80% AT A LOCAL GROCERY STORE MARKET 01:21.800 --> 01:30.466 align:start position:10% line:74% size:80% THE PARENT COMPANIES OF JEWEL 01:28.333 --> 01:31.400 align:start position:10% line:74% size:75% AND MARIANO BEGIN THE PROCESS 01:29.466 --> 01:32.700 align:start position:10% line:74% size:75% OF A MAJOR CORPORATE MERGER. 01:30.466 --> 01:34.033 align:start position:10% line:74% size:70% CHICAGO REAL ESTATE MARKET 01:31.400 --> 01:37.433 align:start position:10% line:74% size:80% STAYS HOT. CITY LEADERS TRY TO 01:32.700 --> 01:38.700 align:start position:10% line:74% size:62.5% CUT VACANCY RATES IN THE 01:34.033 --> 01:39.400 align:start position:10% line:74% size:72.5% CENTRAL BUSINESS DISTRICT. 01:37.433 --> 01:42.433 align:start position:10% line:74% size:77.5% >> GOOGLE IS ONE OF CHICAGO'S 01:38.700 --> 01:43.500 align:start position:10% line:74% size:67.5% MOST IMPORTANT COMPANIES. 01:39.400 --> 01:44.000 align:start position:10% line:74% size:67.5% >> GOOGLE BIG BET ON THE 01:42.433 --> 01:46.433 align:start position:10% line:74% size:80% THOMPSON CENTER COULD PROVE TO 01:43.500 --> 01:48.866 align:start position:10% line:74% size:40% BE A CATALYST. 01:44.000 --> 01:51.266 align:start position:10% line:74% size:70% >> 30 YEARS AND TWO YEARS 01:46.433 --> 01:51.600 align:start position:10% line:74% size:80% LATER, I'M PLEASED TO ANNOUNCE 01:48.866 --> 01:53.933 align:start position:10% line:74% size:70% THAT IN 2022, WE GOT THIS 01:51.266 --> 01:56.500 align:start position:10% line:74% size:17.5% DONE. 01:51.600 --> 01:57.400 align:start position:10% line:74% size:77.5% >> Reporter: THE CITY MASSIVE 01:53.933 --> 02:00.733 align:start position:10% line:74% size:75% CASINO PROJECT AIMS TO SPUR 01:56.500 --> 02:02.066 align:start position:10% line:74% size:77.5% DEVELOPMENT AROUND THE CHICAGO 01:57.400 --> 02:03.033 align:start position:10% line:74% size:80% RIVER AND BRING TAX REVENUE TO 02:00.733 --> 02:06.600 align:start position:10% line:74% size:55% HELP WITH THE CITY'S 02:02.066 --> 02:10.500 align:start position:10% line:74% size:77.5% BELEAGUERED PUBLIC PENSIONS. 02:03.033 --> 02:13.700 align:start position:10% line:74% size:75% >>> THE WEEKEND THE WEEK IN 02:06.600 --> 02:16.300 align:start position:10% line:74% size:77.5% REVIEW PANEL, POLY FROM THE 02:10.500 --> 02:17.900 align:start position:10% line:74% size:75% TRIBUNE, DENNIS OF CHICAGO 02:13.700 --> 02:20.300 align:start position:10% line:74% size:62.5% BUSINESS, AND TRUDY OF 02:16.300 --> 02:25.000 align:start position:10% line:74% size:75% BLOOMBERG. LET'S GET INTO THE 02:17.900 --> 02:26.033 align:start position:10% line:74% size:80% BROADER TRENDS OF THE ECONOMY, 02:20.300 --> 02:28.200 align:start position:10% line:74% size:80% INFLATION MAKING THANKSGIVING 02:25.000 --> 02:29.200 align:start position:10% line:74% size:77.5% GATHERINGS A LOT PRICIER. THE 02:26.033 --> 02:30.600 align:start position:10% line:74% size:67.5% FED HINTED AT ADDITIONAL 02:28.200 --> 02:35.233 align:start position:10% line:74% size:80% INTEREST RATE HIKES AS WORRIES 02:29.200 --> 02:36.266 align:start position:10% line:74% size:70% OF RECESSION GROW. ILLINOIS 02:30.600 --> 02:38.166 align:start position:10% line:74% size:70% ECONOMIC OUTLOOK LAGS THE 02:35.233 --> 02:42.266 align:start position:10% line:74% size:80% NATIONAL AVERAGE. PROPPED UP BY 02:36.266 --> 02:43.866 align:start position:10% line:74% size:77.5% THE HOT REAL ESTATE MARKET. NO 02:38.166 --> 02:47.466 align:start position:10% line:74% size:72.5% FACT, FOLKS ARE DIGESTING 02:42.266 --> 02:48.533 align:start position:10% line:74% size:80% TURKEY AND CRANBERRY SAUCE, HOW 02:43.866 --> 02:49.333 align:start position:10% line:74% size:70% EXPENSIVE WAS YESTERDAY'S 02:47.466 --> 02:49.833 align:start position:10% line:74% size:80% THANKSGIVING UP TO THE AVERAGE 02:48.533 --> 02:52.066 align:start position:10% line:74% size:72.5% AMERICAN FAMILY COMPARED TO 02:49.333 --> 02:54.400 align:start position:10% line:74% size:32.5% YEARS PAST? 02:49.833 --> 02:58.966 align:start position:10% line:74% size:65% >> PRETTY EXPENSIVE. NOT 02:52.066 --> 03:00.233 align:start position:10% line:74% size:77.5% SURPRISING BECAUSE GROCERIES 02:54.400 --> 03:01.333 align:start position:10% line:74% size:75% ARE UP 12% OVER LAST YEAR. 02:58.966 --> 03:06.600 align:start position:10% line:74% size:80% THE THANKSGIVING MEAL EVEN MORE 03:00.233 --> 03:07.833 align:start position:10% line:74% size:67.5% EXPENSIVE IN PART BECAUSE 03:01.333 --> 03:09.433 align:start position:10% line:74% size:67.5% TURKEYS HAVE BEEN HIT BY 03:06.600 --> 03:13.066 align:start position:10% line:74% size:80% INFLATION AND AVIAN FLU. IT DID 03:07.833 --> 03:14.266 align:start position:10% line:74% size:72.5% NOT SEEM LIKE YOU WOULD FIND 03:09.433 --> 03:15.133 align:start position:10% line:74% size:77.5% TROUBLE FINDING A TURKEY THIS 03:13.066 --> 03:16.300 align:start position:10% line:74% size:75% YEAR. IT WAS MORE EXPENSIVE. 03:14.266 --> 03:20.500 align:start position:10% line:74% size:70% OVER THE LAST COUPLE YEARS, 03:15.133 --> 03:21.966 align:start position:10% line:74% size:80% TURKEYS WERE 50% LESS THAN THEY 03:16.300 --> 03:23.400 align:start position:10% line:74% size:72.5% WERE TWO YEARS AGO. IT HAS 03:20.500 --> 03:25.866 align:start position:10% line:74% size:77.5% INCREASED OVER THE LAST YEAR. 03:21.966 --> 03:30.333 align:start position:10% line:74% size:72.5% THANKSGIVING WAS DEFINITELY 03:23.400 --> 03:30.900 align:start position:10% line:74% size:75% EXPENSIVE FOR PEOPLE ALREADY 03:25.866 --> 03:33.700 align:start position:10% line:74% size:77.5% STRUGGLING. THE HOLIDAYS ARE 03:30.333 --> 03:35.633 align:start position:10% line:74% size:40% BIGGER BURDEN. 03:30.900 --> 03:39.466 align:start position:10% line:74% size:80% >> FOLKS FEELING FULL AND THERE 03:33.700 --> 03:40.733 align:start position:10% line:74% size:67.5% BELLY BUT EMPTY AND THERE 03:35.633 --> 03:42.233 align:start position:10% line:74% size:72.5% WALLETS. THE FED HAS RAISED 03:39.466 --> 03:46.066 align:start position:10% line:74% size:77.5% RATES SIX TIMES THIS YEAR, DO 03:40.733 --> 03:47.500 align:start position:10% line:74% size:80% YOU THINK THEY ARE DONE OR ARE 03:42.233 --> 03:50.433 align:start position:10% line:74% size:55% THERE MORE TO COME? 03:46.066 --> 03:51.966 align:start position:10% line:74% size:80% >> THE INDICATION IS THERE ARE 03:47.500 --> 03:58.333 align:start position:10% line:74% size:75% MORE TO COME BUT THEY MIGHT 03:50.433 --> 04:00.000 align:start position:10% line:74% size:75% NOT BE QUITE AS STEEP AS THE 03:51.966 --> 04:03.633 align:start position:10% line:74% size:77.5% ONES WE HAVE SEEN RECENTLY . 03:58.333 --> 04:08.633 align:start position:10% line:74% size:72.5% INCREASES, SOME OF THE SAID, 04:00.000 --> 04:09.733 align:start position:10% line:74% size:80% GOVERNORS , THEY ACKNOWLEDGE 04:03.633 --> 04:12.866 align:start position:10% line:74% size:62.5% THERE IS A LAG BETWEEN 04:08.633 --> 04:16.100 align:start position:10% line:74% size:80% INCREASING RATES AND ITS EFFECT 04:09.733 --> 04:18.833 align:start position:10% line:74% size:80% ON INFLATION. SIGNAL THEY WERE 04:12.866 --> 04:21.133 align:start position:10% line:74% size:67.5% GOING TO SHIFT TO SMALLER 04:16.100 --> 04:23.866 align:start position:10% line:74% size:72.5% INCREASES. ANOTHER HOPEFUL 04:18.833 --> 04:26.433 align:start position:10% line:74% size:77.5% SIGN WITH THE FACT THE RATE IN 04:21.133 --> 04:27.733 align:start position:10% line:74% size:77.5% OCTOBER THE CLIENT A LITTLE 04:23.866 --> 04:30.500 align:start position:10% line:74% size:55% BIT FROM SEPTEMBER. 04:26.433 --> 04:32.033 align:start position:10% line:74% size:80% >> MAYBE THEY ARE TAPERING DOWN 04:27.733 --> 04:33.333 align:start position:10% line:74% size:77.5% A LITTLE BIT. DENNIS, SO FAR 04:30.500 --> 04:35.966 align:start position:10% line:74% size:70% THAT ADDED FOUR PERCENTAGE 04:32.033 --> 04:37.233 align:start position:10% line:74% size:70% POINTS TO THE FEDERAL FUNDS 04:33.333 --> 04:37.466 align:start position:10% line:74% size:80% RATE . WHAT HAS THAT MEANT FOR 04:35.966 --> 04:40.266 align:start position:10% line:74% size:80% MORTGAGES AND OTHER BANK RATES? 04:37.466 --> 04:46.966 align:start position:10% line:74% size:70% >> MORTGAGE RATES TEND TO 04:40.266 --> 04:48.233 align:start position:10% line:74% size:80% FOLLOW WHAT THE FED DOES. THE 04:43.233 --> 04:51.066 align:start position:10% line:74% size:80% LENDING RATES HAVE DOUBLED IN 04:46.966 --> 04:52.866 align:start position:10% line:74% size:80% THE COURSE OF 2022, STARTED THE 04:48.233 --> 04:55.200 align:start position:10% line:74% size:77.5% YEAR IN THE LOW THREES AND BY 04:51.066 --> 04:56.700 align:start position:10% line:74% size:67.5% LATE OCTOBER , IT CROSSED 04:52.866 --> 04:58.600 align:start position:10% line:74% size:75% SEVEN. THE RATE DIPPED BACK 04:55.200 --> 05:00.166 align:start position:10% line:74% size:80% DOWN INTO THE HIGH SIXES WHICH 04:56.700 --> 05:03.933 align:start position:10% line:74% size:67.5% IS WHERE WE ARE NOW. THAT 04:58.600 --> 05:06.966 align:start position:10% line:74% size:75% REALLY ADDED TO THE COST OF 05:00.166 --> 05:07.200 align:start position:10% line:74% size:67.5% BUYING A HOME, WHICH CUT 05:03.933 --> 05:08.600 align:start position:10% line:74% size:80% DRAMATICALLY INTO HOME SALES. 05:07.200 --> 05:14.466 align:start position:10% line:74% size:80% >> IT HAS BEEN KIND OF A WEIRD 05:08.600 --> 05:15.466 align:start position:10% line:74% size:80% ECONOMY ALL YEAR. INFLATION THE 05:10.166 --> 05:16.266 align:start position:10% line:74% size:80% MAJOR FACTOR, UNEMPLOYMENT IS 05:14.466 --> 05:18.233 align:start position:10% line:74% size:80% RELATIVELY LOW. THERE ARE FEARS 05:15.466 --> 05:20.733 align:start position:10% line:74% size:80% OF RECESSION NATIONWIDE. TRUDY, 05:16.266 --> 05:23.233 align:start position:10% line:74% size:80% HOW ABOUT ILLINOIS, ARE THOSE 05:18.233 --> 05:25.033 align:start position:10% line:74% size:47.5% FEARS FELT HERE? 05:20.733 --> 05:29.633 align:start position:10% line:74% size:80% >> ILLINOIS TENDS TO GENERALLY 05:23.233 --> 05:30.733 align:start position:10% line:74% size:67.5% LAG IN TERMS OF ECONOMIC 05:25.033 --> 05:31.800 align:start position:10% line:74% size:80% GROWTH THAT HAPPENS BEFORE THE 05:29.633 --> 05:32.700 align:start position:10% line:74% size:77.5% PANDEMIC AND THE UPS AND DOWNS 05:30.733 --> 05:34.800 align:start position:10% line:74% size:67.5% WE'VE SEEN THE LAST COUPLE 05:31.800 --> 05:36.300 align:start position:10% line:74% size:57.5% YEARS. RIGHT NOW, THE 05:32.700 --> 05:37.100 align:start position:10% line:74% size:80% UNEMPLOYMENT RATE IN ILLINOIS 05:34.800 --> 05:41.366 align:start position:10% line:74% size:80% IS A LITTLE BIT HIGHER THAN THE 05:36.300 --> 05:42.166 align:start position:10% line:74% size:80% NATIONAL AVERAGE. LABOR MARKET 05:37.100 --> 05:43.600 align:start position:10% line:74% size:72.5% OVERALL IS TIGHT. ILLINOIS 05:41.366 --> 05:44.633 align:start position:10% line:74% size:67.5% UNEMPLOYMENT A LITTLE BIT 05:42.166 --> 05:45.866 align:start position:10% line:74% size:62.5% HIGHER THAN THE NATIONAL 05:43.600 --> 05:46.866 align:start position:10% line:74% size:27.5% AVERAGE. 05:44.633 --> 05:49.100 align:start position:10% line:74% size:77.5% >> I WILL THROW THIS QUESTION 05:45.866 --> 05:50.100 align:start position:10% line:74% size:75% TO ANYBODY, I'M SURE VIEWERS 05:46.866 --> 05:51.666 align:start position:10% line:74% size:70% HAVE LOOKED AT THE ROLLER 05:49.100 --> 05:54.000 align:start position:10% line:74% size:72.5% COASTER PERFORMANCE OF THEIR 05:50.100 --> 05:57.066 align:start position:10% line:74% size:72.5% 401(K) OR IRA OR STOCKS THIS 05:51.666 --> 06:01.233 align:start position:10% line:74% size:77.5% YEAR , DOES ANYONE ANTICIPATE 05:54.000 --> 06:06.333 align:start position:10% line:74% size:80% THAT LEVELING OFF AND SEEING 05:57.066 --> 06:07.100 align:start position:10% line:74% size:67.5% CONSISTENT GROWTH AGAIN? 06:01.233 --> 06:08.466 align:start position:10% line:74% size:77.5% >> AS FAR AS THE STOCK MARKET 06:06.333 --> 06:10.233 align:start position:10% line:74% size:75% IS CONCERNED, UNTIL THERE IS 06:07.100 --> 06:13.033 align:start position:10% line:74% size:80% MORE CERTAINTY ABOUT INFLATION 06:08.466 --> 06:13.800 align:start position:10% line:74% size:67.5% THE DIRECTION OF INTEREST 06:10.233 --> 06:16.500 align:start position:10% line:74% size:77.5% RATES, YOU WILL PROBABLY SEE 06:13.033 --> 06:19.166 align:start position:10% line:74% size:72.5% CONTINUED FLUCTUATION EVERY 06:13.800 --> 06:21.000 align:start position:10% line:74% size:80% TIME THERE IS A LITTLE IN ONE 06:16.500 --> 06:23.633 align:start position:10% line:74% size:75% DIRECTION OR THE OTHER, THE 06:19.166 --> 06:27.600 align:start position:10% line:74% size:42.5% MARKET REACTS. 06:21.000 --> 06:28.766 align:start position:10% line:74% size:80% >> UNCERTAINTY AROUND INTEREST 06:23.633 --> 06:29.666 align:start position:10% line:74% size:72.5% RATES VERSUS, IT LOOKS LIKE 06:27.600 --> 06:30.833 align:start position:10% line:74% size:75% THE ROLLER COASTER RIDE WILL 06:28.766 --> 06:35.966 align:start position:10% line:74% size:67.5% KEEP GOING INTO 2023. BACK 06:29.666 --> 06:36.800 align:start position:10% line:74% size:70% LOCALLY ON THE CITY LEVEL, 06:30.833 --> 06:37.833 align:start position:10% line:74% size:72.5% MAYOR LIGHTFOOT PASSED $16 06:35.966 --> 06:39.366 align:start position:10% line:74% size:62.5% MILLION BUDGET, LOTS OF 06:36.800 --> 06:41.333 align:start position:10% line:74% size:75% GIVEAWAYS IN THE BUDGET, NEW 06:37.833 --> 06:43.166 align:start position:10% line:74% size:80% REVENUE MAINLY BECAUSE THE REAL 06:39.366 --> 06:44.400 align:start position:10% line:74% size:80% ESTATE REVENUE HAS BEEN PRETTY 06:41.333 --> 06:49.366 align:start position:10% line:74% size:80% HOT THE LAST YEAR OR SO. DO YOU 06:43.166 --> 06:51.133 align:start position:10% line:74% size:80% THINK THE CITY CAN SUSTAIN THIS 06:44.400 --> 06:52.766 align:start position:10% line:74% size:50% LEVEL OF BUDGETS? 06:49.366 --> 06:53.500 align:start position:10% line:74% size:80% >> I THINK IN TERMS OF THE CITY 06:51.133 --> 06:57.300 align:start position:10% line:74% size:80% WHAT HAS HAPPENED, WE HAVE SEEN 06:52.766 --> 06:58.600 align:start position:10% line:74% size:72.5% ECONOMIC RECOVERY NATIONALLY 06:53.500 --> 07:00.166 align:start position:10% line:74% size:77.5% AND IN CHICAGO, ILLINOIS HAS 06:57.300 --> 07:01.466 align:start position:10% line:74% size:80% BEEN STRONG. THAT HAS HELPED IN 06:58.600 --> 07:03.733 align:start position:10% line:74% size:75% TERMS OF THE REVENUE AND THE 07:00.166 --> 07:07.333 align:start position:10% line:74% size:80% CITY CERTAINLY HAS USED SOME OF 07:01.466 --> 07:09.033 align:start position:10% line:74% size:72.5% THAT ECONOMIC AND SCHEDULED 07:03.733 --> 07:10.900 align:start position:10% line:74% size:77.5% AID TO HELP ALLEVIATE SOME OF 07:07.333 --> 07:12.033 align:start position:10% line:74% size:77.5% THE PRESSURE THEY FELT DURING 07:09.033 --> 07:14.800 align:start position:10% line:74% size:77.5% THE PANDEMIC AND EVEN BEFORE 07:10.900 --> 07:16.866 align:start position:10% line:74% size:62.5% THAT, PENSIONS. THE CITY 07:12.033 --> 07:20.433 align:start position:10% line:74% size:77.5% CLAIMED THE PENSION OVER THE 07:14.800 --> 07:22.266 align:start position:10% line:74% size:75% LAST FEW YEARS, THAT IS TO BE 07:16.866 --> 07:25.433 align:start position:10% line:74% size:80% SEEN WHETHER THEY CAN SUSTAIN 07:20.433 --> 07:26.766 align:start position:10% line:74% size:60% THAT LEVEL OF ECONOMIC 07:22.266 --> 07:28.000 align:start position:10% line:74% size:80% RECOVERY , WE ALL QUESTION WHAT 07:25.433 --> 07:30.233 align:start position:10% line:74% size:30% IS AHEAD. 07:26.766 --> 07:30.966 align:start position:10% line:74% size:80% >> THE CITY IS WORKING THROUGH 07:28.000 --> 07:42.000 align:start position:10% line:74% size:72.5% A LOT OF THAT COVID STIMULUS 07:30.233 --> 07:43.433 align:start position:10% line:74% size:62.5% MONEY THEY HAVE GOTTEN, 07:30.966 --> 07:45.066 align:start position:10% line:74% size:72.5% BILLIONS OF DOLLARS WORTH. 07:42.000 --> 07:45.933 align:start position:10% line:74% size:80% THAT LIKELY WILL NOT BE COMING 07:43.433 --> 07:47.200 align:start position:10% line:74% size:80% IN YEARS TO COME SO WE WILL SEE 07:45.066 --> 07:47.966 align:start position:10% line:74% size:75% WHAT HAPPENS. LET'S MOVE ONTO 07:45.933 --> 07:49.133 align:start position:10% line:74% size:77.5% THE NEXT TOPIC OF DISCUSSION. 07:47.200 --> 07:50.266 align:start position:10% line:74% size:75% >>> THE RETAIL SECTOR, BLACK 07:47.966 --> 07:51.266 align:start position:10% line:74% size:80% FRIDAY IN FULL SWING, RETAILERS 07:49.133 --> 07:52.533 align:start position:10% line:74% size:72.5% BANK ON THE COMING MONTH TO 07:50.266 --> 07:53.600 align:start position:10% line:74% size:80% MAKE THEIR MARGINS. THE CHICAGO 07:51.266 --> 07:54.566 align:start position:10% line:74% size:80% GROCERY MARKET IN FOUR MAJOR OF 07:52.533 --> 07:56.300 align:start position:10% line:74% size:80% PEOPLE WITH THE PARENT COMPANY 07:53.600 --> 08:00.533 align:start position:10% line:74% size:80% OF JEWEL AND MARIANO'S LOOKING 07:54.566 --> 08:01.500 align:start position:10% line:74% size:72.5% EMERGE. STARBUCKS IS AT WAR 07:56.300 --> 08:02.466 align:start position:10% line:74% size:65% WITH WORKERS LOOKING TO 08:00.533 --> 08:03.566 align:start position:10% line:74% size:77.5% UNIONIZE STORES. THE CITY AND 08:01.500 --> 08:08.400 align:start position:10% line:74% size:75% STATE LOSE MAJOR CORPORATIONS 08:02.466 --> 08:09.333 align:start position:10% line:74% size:67.5% AS SOME CEOS BASH THE CITY 08:03.566 --> 08:10.133 align:start position:10% line:74% size:75% CRIME AND ECONOMIC CLIMATE. 08:08.400 --> 08:13.566 align:start position:10% line:74% size:65% JOE CAHILL, BLACK FRIDAY, 08:09.333 --> 08:14.900 align:start position:10% line:74% size:65% HOLIDAY SHOPPING SEASON, 08:10.133 --> 08:16.233 align:start position:10% line:74% size:80% RETAILERS BANK ON THIS TO MAKE 08:13.566 --> 08:17.866 align:start position:10% line:74% size:77.5% UP FOR LAGGING SALES THE REST 08:14.900 --> 08:18.933 align:start position:10% line:74% size:55% OF THE YEAR. ARE THEY 08:16.233 --> 08:20.500 align:start position:10% line:74% size:72.5% PREDICTING ROBUST SEASONED 08:17.866 --> 08:24.600 align:start position:10% line:74% size:47.5% THIS TIME AROUND? 08:18.933 --> 08:25.366 align:start position:10% line:74% size:65% >> I DON'T THINK THEY ARE 08:20.500 --> 08:26.533 align:start position:10% line:74% size:70% EXPECTING ROBUST, I THINK 08:24.600 --> 08:28.666 align:start position:10% line:74% size:75% THEY'RE HOPING TO HOLD THEIR 08:25.366 --> 08:31.266 align:start position:10% line:74% size:67.5% OWN. INTERESTING, CONSUMER 08:26.533 --> 08:34.766 align:start position:10% line:74% size:75% SPENDING HAS HELD UP FAIRLY 08:28.666 --> 08:36.600 align:start position:10% line:74% size:80% WELL SO FAR, DESPITE INFLATION. 08:31.266 --> 08:38.600 align:start position:10% line:74% size:72.5% THAT GIVES THEM SOME HOPE 08:34.766 --> 08:42.166 align:start position:10% line:74% size:75% THEY WILL HAVE A GOOD HOLIDAY 08:36.600 --> 08:43.933 align:start position:10% line:74% size:80% SEASON. YOU NEVER KNOW AT WHAT 08:38.600 --> 08:44.500 align:start position:10% line:74% size:72.5% POINT THE PAIN IS TOO GREAT 08:42.166 --> 08:46.133 align:start position:10% line:74% size:67.5% FOR PEOPLE AND THEY START 08:43.933 --> 08:48.466 align:start position:10% line:74% size:40% CUTTING BACK . 08:44.500 --> 08:49.800 align:start position:10% line:74% size:77.5% >> SPEAKING OF PAIN, BRICK AND 08:46.133 --> 08:54.466 align:start position:10% line:74% size:75% MORTAR STORES, FELT A LOT OF 08:48.466 --> 08:55.400 align:start position:10% line:74% size:62.5% PAIN, SOMETHING LIKE 20% 08:49.800 --> 08:56.133 align:start position:10% line:74% size:72.5% VACANCY , WE TALK ABOUT THIS 08:54.466 --> 08:58.900 align:start position:10% line:74% size:52.5% EVERY YEAR, HOW ARE 08:55.400 --> 09:06.133 align:start position:10% line:74% size:77.5% BRICK-AND-MORTAR STORES DOING 08:56.133 --> 09:07.633 align:start position:10% line:74% size:80% COMPARED TO ONLINE RETAILERS? 08:58.900 --> 09:09.766 align:start position:10% line:74% size:65% eBAY , AMAZON , ETSY ? 09:06.133 --> 09:10.933 align:start position:10% line:74% size:75% >> DURING THE PANDEMIC THERE 09:07.633 --> 09:12.700 align:start position:10% line:74% size:75% WAS A HUGE SHIFT WITH ONLINE 09:09.766 --> 09:15.100 align:start position:10% line:74% size:80% SHOPPING BECAUSE EVERYONE HAD 09:10.933 --> 09:17.766 align:start position:10% line:74% size:80% TO STAY AT HOME WHEN THE STORES 09:12.700 --> 09:21.100 align:start position:10% line:74% size:80% WERE SHUT DOWN. THAT CONTINUED 09:15.100 --> 09:23.000 align:start position:10% line:74% size:65% A TREND THAT SAW ONLINE 09:17.766 --> 09:23.700 align:start position:10% line:74% size:80% SHOPPING REALLY TAKING GROWTH 09:21.100 --> 09:29.700 align:start position:10% line:74% size:60% AWAY FROM TRADITIONAL 09:23.000 --> 09:31.266 align:start position:10% line:74% size:70% BRICK-AND-MORTAR RETAILERS 09:23.700 --> 09:33.233 align:start position:10% line:74% size:80% BEFORE THE PANDEMIC. THERE HAS 09:29.700 --> 09:35.900 align:start position:10% line:74% size:72.5% BEEN A LITTLE BIT MORE OF A 09:31.266 --> 09:39.700 align:start position:10% line:74% size:70% SHIFT TO BRICK-AND-MORTAR 09:33.233 --> 09:40.600 align:start position:10% line:74% size:77.5% RETAILERS, I DON'T THINK THE 09:35.900 --> 09:45.333 align:start position:10% line:74% size:70% OVERALL TREND IS REVERSING 09:39.700 --> 09:46.166 align:start position:10% line:74% size:40% DRAMATICALLY. 09:40.600 --> 09:47.566 align:start position:10% line:74% size:77.5% >> THAT COULD BE PROBLEMATIC 09:45.333 --> 09:49.533 align:start position:10% line:74% size:70% FOR MICHIGAN AVENUE, STATE 09:46.166 --> 09:51.866 align:start position:10% line:74% size:80% STREET, OTHER RETAIL CORRIDORS. 09:47.566 --> 09:52.800 align:start position:10% line:74% size:57.5% THAT DO SEE VACANCY. 09:49.533 --> 09:57.600 align:start position:10% line:74% size:75% >> YEAH. THEY HAVE A LOT OF 09:51.866 --> 10:00.866 align:start position:10% line:74% size:52.5% CHALLENGES INCLUDING 09:52.800 --> 10:01.866 align:start position:10% line:74% size:80% PERCEPTIONS THAT CRIME IN THE 09:57.600 --> 10:03.733 align:start position:10% line:74% size:80% CITY IS OUT OF CONTROL. DON'T 10:00.866 --> 10:05.266 align:start position:10% line:74% size:55% WANT TO GO DOWNTOWN. 10:01.866 --> 10:06.066 align:start position:10% line:74% size:80% >> I WANT TO TALK ABOUT THAT. 10:03.733 --> 10:07.466 align:start position:10% line:74% size:70% I WANT TO GET TO THE MAJOR 10:05.266 --> 10:12.100 align:start position:10% line:74% size:72.5% GROCERY STORE MERGER, KROGER 10:06.066 --> 10:13.100 align:start position:10% line:74% size:80% ANNOUNCING PLANS TO MERGE WITH 10:07.466 --> 10:14.433 align:start position:10% line:74% size:62.5% ALBERTSON'S FOR $29.. 10:12.100 --> 10:16.033 align:start position:10% line:74% size:75% COMPANIES OF JEWEL, MARIANO, 10:13.100 --> 10:19.666 align:start position:10% line:74% size:65% MAJOR FOOD RETAILERS IN 10:14.433 --> 10:21.000 align:start position:10% line:74% size:80% CHICAGO. IS THERE A CHANCE THIS 10:16.033 --> 10:22.766 align:start position:10% line:74% size:80% DEAL DOES NOT GO THROUGH DUE TO 10:19.666 --> 10:24.600 align:start position:10% line:74% size:77.5% REGULATORY OR MONOPOLY ISSUES 10:21.000 --> 10:28.666 align:start position:10% line:74% size:50% THAT MIGHT ARISE? 10:22.766 --> 10:32.266 align:start position:10% line:74% size:62.5% >> IT IS POSSIBLE, IT IS 10:24.600 --> 10:36.100 align:start position:10% line:74% size:80% POSSIBLE IT COULD BE BLOCKED. 10:28.666 --> 10:37.700 align:start position:10% line:74% size:72.5% IT IS ALSO POSSIBLE THE FT 10:32.266 --> 10:40.100 align:start position:10% line:74% size:72.5% SEA WOULD LOOK TO SEE WHAT 10:36.100 --> 10:45.000 align:start position:10% line:74% size:77.5% PROPOSALS THEY ARE MAKING, IT 10:37.700 --> 10:46.366 align:start position:10% line:74% size:67.5% IS MORE THAN THE COMPANY 10:40.100 --> 10:47.133 align:start position:10% line:74% size:80% THINKS IS WORTH IT , THEY WOULD 10:45.000 --> 10:51.566 align:start position:10% line:74% size:80% WALK AWAY FROM THE DEAL. IT IS 10:46.366 --> 10:52.833 align:start position:10% line:74% size:67.5% POSSIBLE IT WON'T HAPPEN. 10:47.133 --> 10:53.733 align:start position:10% line:74% size:80% >> WE KNOW THEY MIGHT HAVE TO 10:51.566 --> 10:54.900 align:start position:10% line:74% size:72.5% SELL OFF OR CLOSE A CERTAIN 10:52.833 --> 10:55.866 align:start position:10% line:74% size:72.5% AMOUNT OF STORES REGARDLESS, 10:53.733 --> 10:57.433 align:start position:10% line:74% size:72.5% WHAT DO YOU THINK THAT WILL 10:54.900 --> 10:59.266 align:start position:10% line:74% size:70% MEAN FOR THE CHICAGO AREA? 10:55.866 --> 11:02.733 align:start position:10% line:74% size:77.5% WHERE MIGHT THOSE STORIES BE? 10:57.433 --> 11:03.900 align:start position:10% line:74% size:75% >> IT IS EXTREMELY LIKELY WE 10:59.266 --> 11:05.000 align:start position:10% line:74% size:65% WILL SEE CENTERS IN THE 11:02.733 --> 11:08.933 align:start position:10% line:74% size:80% CHICAGO AREA IF THE MERGER GOES 11:03.900 --> 11:10.000 align:start position:10% line:74% size:75% THROUGH BECAUSE OF THE DEGREE 11:05.000 --> 11:14.100 align:start position:10% line:74% size:80% OF OVERLAP HERE. GETTING MORE 11:08.933 --> 11:15.766 align:start position:10% line:74% size:70% DETAILED IN TERMS OF WHERE 11:10.000 --> 11:17.633 align:start position:10% line:74% size:80% THOSE ARE REQUIRED OR SPECIFIC 11:14.100 --> 11:20.433 align:start position:10% line:74% size:80% FTC, WHAT STORES OR AREAS NEED 11:15.766 --> 11:21.800 align:start position:10% line:74% size:80% TO SEE THAT, A LITTLE BIT EARLY 11:17.633 --> 11:26.933 align:start position:10% line:74% size:60% TO SAY THAT. DOES NOT 11:20.433 --> 11:28.466 align:start position:10% line:74% size:72.5% NECESSARILY MEAN THE STORE 11:21.800 --> 11:29.533 align:start position:10% line:74% size:80% WILL CLOSE BUT THERE IS CONCERN 11:26.933 --> 11:30.366 align:start position:10% line:74% size:67.5% STORES THAT ARE SOLD OFF 11:28.466 --> 11:31.466 align:start position:10% line:74% size:80% HYPOTHETICALLY WOULD NOT BE IN 11:29.533 --> 11:35.066 align:start position:10% line:74% size:65% GOOD POSITION TO COMPETE 11:30.366 --> 11:40.466 align:start position:10% line:74% size:72.5% AGAINST ESPECIALLY NOW MAJOR 11:31.466 --> 11:41.233 align:start position:10% line:74% size:67.5% COMPANY LIKE KROEBER'S. 11:35.066 --> 11:42.266 align:start position:10% line:74% size:77.5% >> IS THEIR FEAR THIS COULD 11:40.466 --> 11:44.033 align:start position:10% line:74% size:70% EXACERBATE THE FOOD DESERT 11:41.233 --> 11:46.666 align:start position:10% line:74% size:80% PROBLEM IN CHICAGO, THE STORES 11:42.266 --> 11:47.033 align:start position:10% line:74% size:80% LIKELY TO CLOSE, AREAS THAT CAN 11:44.033 --> 11:49.666 align:start position:10% line:74% size:80% ILL AFFORD TO LOSE FRESH FOOD 11:46.666 --> 11:53.533 align:start position:10% line:74% size:22.5% OPTIONS? 11:47.033 --> 11:55.600 align:start position:10% line:74% size:80% >> I HAVE HEARD THOSE CONCERNS 11:49.666 --> 11:56.433 align:start position:10% line:74% size:80% FROM CUSTOMERS AND ANTITRUST 11:53.533 --> 11:58.133 align:start position:10% line:74% size:72.5% FOLKS. THERE IS DEFINITELY 11:55.600 --> 12:00.033 align:start position:10% line:74% size:62.5% CONCERNED THAT GIVEN THE 11:56.433 --> 12:02.533 align:start position:10% line:74% size:75% CHOICE, THESE COMPANIES WOULD 11:58.133 --> 12:03.800 align:start position:10% line:74% size:77.5% CHOOSE TO FOLLOW STORES THAT 12:00.033 --> 12:08.800 align:start position:10% line:74% size:57.5% ARE LESS ADORABLE OR 12:02.533 --> 12:09.266 align:start position:10% line:74% size:70% PROFITABLE, THOSE WOULD BE 12:03.800 --> 12:10.333 align:start position:10% line:74% size:60% STORES IN DISAFFECTED 12:08.800 --> 12:11.366 align:start position:10% line:74% size:35% COMMUNITIES. 12:09.266 --> 12:16.266 align:start position:10% line:74% size:77.5% >> RECENT YEARS, YOU HAVE HAD 12:10.333 --> 12:17.266 align:start position:10% line:74% size:62.5% GIANT CORPORATIONS LIKE 12:11.366 --> 12:18.300 align:start position:10% line:74% size:77.5% WALMART, TARGET, ALL OF THEM 12:16.266 --> 12:19.633 align:start position:10% line:74% size:77.5% EXPAND GROCERY OPTIONS IN THE 12:17.266 --> 12:21.200 align:start position:10% line:74% size:65% CITY, DO YOU THINK THOSE 12:18.300 --> 12:23.333 align:start position:10% line:74% size:80% COMPANIES WILL PICK UP SOME OF 12:19.633 --> 12:28.500 align:start position:10% line:74% size:67.5% THE SLACK IF THE NEW MEGA 12:21.200 --> 12:29.900 align:start position:10% line:74% size:72.5% KROGER ALBERTSON'S COMPANY 12:23.333 --> 12:31.400 align:start position:10% line:74% size:77.5% DOES RESULT IN FEWER STORES? 12:28.500 --> 12:32.666 align:start position:10% line:74% size:80% >> IT IS POSSIBLE, REALLY HARD 12:29.900 --> 12:34.033 align:start position:10% line:74% size:80% TO SAY WHO WOULD BE LOOKING TO 12:31.400 --> 12:35.733 align:start position:10% line:74% size:75% BUY UP THESE STORES. WHAT IS 12:32.666 --> 12:37.566 align:start position:10% line:74% size:62.5% HAPPENING IN THE GROCERY 12:34.033 --> 12:40.333 align:start position:10% line:74% size:80% INDUSTRY, THEY ARE FEELING THE 12:35.733 --> 12:41.933 align:start position:10% line:74% size:70% PRESSURE FROM THESE LARGER 12:37.566 --> 12:45.433 align:start position:10% line:74% size:80% RETAILERS LIKE WALMART, ON THE 12:40.333 --> 12:48.366 align:start position:10% line:74% size:75% OTHER SIDE FROM SMALLER SMALL 12:41.933 --> 12:49.633 align:start position:10% line:74% size:80% BOUTIQUE GROCERS LIKE CHICAGO 12:45.433 --> 12:53.033 align:start position:10% line:74% size:77.5% , WHOLE FOODS. IT IS HARD TO 12:48.366 --> 12:54.166 align:start position:10% line:74% size:80% BE TRADITIONAL GROCERY RETAILER 12:49.633 --> 12:56.533 align:start position:10% line:74% size:80% RIGHT NOW. POTENTIALLY ONE OF 12:53.033 --> 12:57.866 align:start position:10% line:74% size:70% THE REASONS THEY'RE LOOKING 12:54.166 --> 12:58.866 align:start position:10% line:74% size:25% EMERGE. 12:56.533 --> 13:01.966 align:start position:10% line:74% size:80% >> ONE BIG TRAN THRALL SECTORS, 12:57.866 --> 13:03.566 align:start position:10% line:74% size:72.5% THE LABOR MOVEMENT SEEMS TO 12:58.866 --> 13:05.766 align:start position:10% line:74% size:80% HAVE MORE MOMENTUM THAN IT HAS 13:01.966 --> 13:06.733 align:start position:10% line:74% size:80% IN DECADES. THE PASSAGE OF THE 13:03.566 --> 13:08.333 align:start position:10% line:74% size:75% WORKERS RIGHT MOMENT IN NOT 13:05.766 --> 13:13.733 align:start position:10% line:74% size:80% GUARANTEEING THE RIGHT TO FORM 13:06.733 --> 13:14.466 align:start position:10% line:74% size:67.5% A UNION. DO YOU THINK THIS 13:08.333 --> 13:15.666 align:start position:10% line:74% size:52.5% CONTINUED PUSH FOR 13:13.733 --> 13:16.500 align:start position:10% line:74% size:72.5% UNIONIZATION AND RETAIL AND 13:14.466 --> 13:17.700 align:start position:10% line:74% size:75% NONPROFITS AND ALL THE OTHER 13:15.666 --> 13:19.300 align:start position:10% line:74% size:70% SECTORS CONTINUING HERE IN 13:16.500 --> 13:21.966 align:start position:10% line:74% size:47.5% CHICAGO IN 2020 ? 13:17.700 --> 13:23.466 align:start position:10% line:74% size:77.5% >> IT IS HARD TO TELL EXACTLY 13:19.300 --> 13:24.700 align:start position:10% line:74% size:80% WHAT WILL HAPPEN GOING FORWARD 13:21.966 --> 13:28.800 align:start position:10% line:74% size:80% . A LOT OF PUSHING AND PULLING 13:23.466 --> 13:30.466 align:start position:10% line:74% size:75% GOING ON. YOU HAVE ILLINOIS, 13:24.700 --> 13:34.166 align:start position:10% line:74% size:77.5% HAS DRAWN LABOR COHORT. YOU 13:28.800 --> 13:37.133 align:start position:10% line:74% size:80% HAVE THINGS AROUND THE MIDWEST 13:30.466 --> 13:38.800 align:start position:10% line:74% size:75% IN DIFFERENT POSITIONS. YOU 13:34.166 --> 13:42.166 align:start position:10% line:74% size:75% HAVE TO SEE HOW THINGS ROLL 13:37.133 --> 13:43.600 align:start position:10% line:74% size:80% OUT MOVING FORWARD AND SEE WHAT 13:38.800 --> 13:44.600 align:start position:10% line:74% size:80% HAPPENS WITH SPECIFIC MOVEMENTS 13:42.166 --> 13:50.666 align:start position:10% line:74% size:80% , CERTAINLY SEEN WHAT IS GOING 13:43.600 --> 13:52.000 align:start position:10% line:74% size:77.5% ON WITH STARBUCKS AND OTHERS, 13:44.600 --> 13:52.933 align:start position:10% line:74% size:80% IT IS WAIT-AND-SEE , ENCOURAGED 13:50.666 --> 13:53.366 align:start position:10% line:74% size:80% TO SEE WHAT HAPPENS IN ILLINOIS 13:52.000 --> 13:54.366 align:start position:10% line:74% size:67.5% GOING FOR DRUG THE MIDWEST 13:52.933 --> 13:56.166 align:start position:10% line:74% size:32.5% NATIONALLY. 13:53.366 --> 14:00.133 align:start position:10% line:74% size:77.5% >> DENNIS, REAL ESTATE GUY. I 13:54.366 --> 14:01.500 align:start position:10% line:74% size:70% WANT YOU TO WEIGH IN ON THE 13:56.166 --> 14:02.933 align:start position:10% line:74% size:80% POSSIBLE KROGER AND ALBERTSONS 14:00.133 --> 14:04.200 align:start position:10% line:74% size:75% MERGER. THIS IS A LOT OF REAL 14:01.500 --> 14:05.166 align:start position:10% line:74% size:80% ESTATE IN THE CITY OF CHICAGO A 14:02.933 --> 14:06.500 align:start position:10% line:74% size:75% PERHAPS VALUABLE REAL ESTATE 14:04.200 --> 14:08.766 align:start position:10% line:74% size:67.5% THAT COULD BE SHIFTING OR 14:05.166 --> 14:09.000 align:start position:10% line:74% size:77.5% CHANGING IN YEARS TO,. WHAT DO 14:06.500 --> 14:10.366 align:start position:10% line:74% size:80% YOU THINK IS GOING TO HAPPEN ? 14:09.000 --> 14:14.966 align:start position:10% line:74% size:77.5% >> I'VE NOT LOOKED CLOSELY AT 14:10.366 --> 14:17.333 align:start position:10% line:74% size:80% THE KROGER, THIS SITUATION. IT 14:12.133 --> 14:21.800 align:start position:10% line:74% size:75% IS ALWAYS TRUE THAT GROCERY 14:14.966 --> 14:22.866 align:start position:10% line:74% size:75% STORES ARE ONE OF THE THINGS 14:17.333 --> 14:26.566 align:start position:10% line:74% size:80% HOMEBUYERS AND RENTERS WANT TO 14:21.800 --> 14:28.033 align:start position:10% line:74% size:80% HAVE IN THE NEIGHBORHOOD, THEY 14:22.866 --> 14:29.266 align:start position:10% line:74% size:77.5% WANT TO HAVE CLOSE BY. THERE 14:26.566 --> 14:31.966 align:start position:10% line:74% size:70% WAS IN THE EARLY 2000S, WE 14:28.033 --> 14:32.733 align:start position:10% line:74% size:60% OFTEN TALKED ABOUT THE 14:29.266 --> 14:33.533 align:start position:10% line:74% size:67.5% MARIANO'S AFFECT. IF THE 14:31.966 --> 14:34.366 align:start position:10% line:74% size:52.5% MARIANAS CAME INTO A 14:32.733 --> 14:37.166 align:start position:10% line:74% size:75% NEIGHBORHOOD OR SUBURB, THAT 14:33.533 --> 14:38.633 align:start position:10% line:74% size:72.5% MARKET, THAT HOUSING MARKET 14:34.366 --> 14:39.566 align:start position:10% line:74% size:80% WOULD SIZZLE A LITTLE BIT MORE. 14:37.166 --> 14:42.866 align:start position:10% line:74% size:75% IF NEIGHBORHOODS LOSE THEIR 14:38.633 --> 14:43.933 align:start position:10% line:74% size:67.5% GROCERY STORES, THAT WILL 14:39.566 --> 14:47.600 align:start position:10% line:74% size:80% CERTAINLY HAVE AN EFFECT . HOW 14:42.866 --> 14:49.400 align:start position:10% line:74% size:72.5% MUCH WILL BE MEASURABLE, WE 14:43.933 --> 14:54.000 align:start position:10% line:74% size:77.5% DON'T REALLY KNOW BECAUSE WE 14:47.600 --> 14:54.866 align:start position:10% line:74% size:80% WOULD HAVE TO WAIT AND SEE HOW 14:49.400 --> 14:55.566 align:start position:10% line:74% size:40% MUCH HAPPENS. 14:54.000 --> 14:56.600 align:start position:10% line:74% size:67.5% >> ONE NEIGHBORHOOD LOSING 14:54.866 --> 14:58.633 align:start position:10% line:74% size:70% GROCERY STORES, ENGLEWOOD, 14:55.566 --> 14:59.633 align:start position:10% line:74% size:77.5% LOSING THAT WHOLE FOODS, WILL 14:56.600 --> 15:05.466 align:start position:10% line:74% size:80% ANYTHING TAKE ITS PLACE THERE? 14:59.633 --> 15:12.800 align:start position:10% line:74% size:80% >> I DON'T KNOW. WHOLE FOODS 15:05.466 --> 15:15.533 align:start position:10% line:74% size:80% APPEARED TO BE A GOOD FIT AND 15:09.933 --> 15:18.133 align:start position:10% line:74% size:75% IT IS NOT CLEAR WHAT MIGHT 15:12.800 --> 15:26.600 align:start position:10% line:74% size:45% TAKE ITS PLACE . 15:15.533 --> 15:27.700 align:start position:10% line:74% size:80% >> SOME KIND OF LOCAL GROCERS 15:18.133 --> 15:29.066 align:start position:10% line:74% size:77.5% FEELING IN. TALIA, COVERING 15:26.600 --> 15:29.700 align:start position:10% line:74% size:77.5% THE ISSUES WITH STARBUCKS AND 15:27.700 --> 15:30.500 align:start position:10% line:74% size:80% SOME OF THEIR WORKERS TRYING TO 15:29.066 --> 15:31.933 align:start position:10% line:74% size:60% UNIONIZE. STARBUCKS IS 15:29.700 --> 15:32.966 align:start position:10% line:74% size:72.5% ANNOUNCING IT WILL SHUTDOWN 15:30.500 --> 15:33.966 align:start position:10% line:74% size:75% SOME OF ITS STORES THAT HAVE 15:31.933 --> 15:36.000 align:start position:10% line:74% size:77.5% UNIONIZE IN THE CHICAGO AREA, 15:32.966 --> 15:44.600 align:start position:10% line:74% size:80% ARE THEY SETTING THEMSELVES UP 15:33.966 --> 15:45.766 align:start position:10% line:74% size:77.5% FOR LEGAL ISSUES, PERHAPS WITH 15:36.000 --> 15:47.100 align:start position:10% line:74% size:30% THE NLRV. 15:44.600 --> 15:48.133 align:start position:10% line:74% size:80% >> THERE IS ONE STARBRICK STORE 15:45.766 --> 15:49.266 align:start position:10% line:74% size:72.5% CLOSING DOWN IN OCTOBER FOR 15:47.100 --> 15:50.766 align:start position:10% line:74% size:80% SAFETY ISSUES, WORKERS UNITED, 15:48.133 --> 15:53.466 align:start position:10% line:74% size:60% THE UNION ORGANIZATION 15:49.266 --> 15:54.333 align:start position:10% line:74% size:62.5% INCLUDING THAT STARTED 15:50.766 --> 15:56.066 align:start position:10% line:74% size:77.5% UNIONIZED REALLY SLAMMED THE 15:53.466 --> 16:00.800 align:start position:10% line:74% size:70% DECISION. THE UNION SAYING, 15:54.333 --> 16:03.166 align:start position:10% line:74% size:72.5% THEY HAVE FILED CHARGE ABOUT 15:56.066 --> 16:06.033 align:start position:10% line:74% size:80% THAT. IT KIND OF REMAINS TO BE 16:00.800 --> 16:08.433 align:start position:10% line:74% size:80% SEEN WHAT THE NLRV WILL DO. IN 16:03.166 --> 16:12.000 align:start position:10% line:74% size:70% GENERAL, THEY HAVE ISSUED 16:06.033 --> 16:14.800 align:start position:10% line:74% size:75% LARGE NUMBER OF COMPLAINTS , 16:08.433 --> 16:17.966 align:start position:10% line:74% size:80% CLOSE TO 50 WITHOUT STARBUCKS 16:12.000 --> 16:20.000 align:start position:10% line:74% size:80% BEHAVIOR ALLEGING THAT BROKEN 16:14.800 --> 16:23.800 align:start position:10% line:74% size:77.5% THE LAW , INCLUDING CHICAGO, 16:17.966 --> 16:30.400 align:start position:10% line:74% size:65% THEY ISSUED COMPLAINTS. 16:20.000 --> 16:31.033 align:start position:10% line:74% size:75% >> IT SEEMS BOTH SIDES ARE 16:23.800 --> 16:32.066 align:start position:10% line:74% size:77.5% DUG IN. WORKERS WILL NOT FOR 16:30.400 --> 16:33.566 align:start position:10% line:74% size:62.5% UNIONIZATION FIGHTS AND 16:31.033 --> 16:33.866 align:start position:10% line:74% size:80% STARBUCKS WILL NOT SLOW DOWN OF 16:32.066 --> 16:38.600 align:start position:10% line:74% size:80% OPPOSITION. HOW WILL THIS PLAY 16:33.566 --> 16:40.666 align:start position:10% line:74% size:12.5% OUT? 16:33.866 --> 16:42.533 align:start position:10% line:74% size:80% >> IT IS INTERESTING TO SEE, 16:38.600 --> 16:47.633 align:start position:10% line:74% size:80% I THINK IT IS HARD TO SPECULATE 16:40.666 --> 16:50.700 align:start position:10% line:74% size:75% RIGHT NOW , THE NEXT SORT OF 16:42.533 --> 16:51.800 align:start position:10% line:74% size:77.5% STEP IS GETTING CONTRACT FOR 16:47.633 --> 16:54.200 align:start position:10% line:74% size:75% STORES THAT HAVE UNIONIZED, 16:50.700 --> 16:56.233 align:start position:10% line:74% size:80% NATIONAL STRIKE OF CHICAGO LAST 16:51.800 --> 16:57.800 align:start position:10% line:74% size:80% WEEK ABOUT BARGAINING. IT WILL 16:54.200 --> 16:59.933 align:start position:10% line:74% size:72.5% BE INTERESTING TO SEE NEXT 16:56.233 --> 17:01.233 align:start position:10% line:74% size:80% YEAR HOW BARGAINING GOES, THERE 16:57.800 --> 17:08.733 align:start position:10% line:74% size:77.5% ARE STORES ABLE TO WIN THEIR 16:59.933 --> 17:10.033 align:start position:10% line:74% size:80% FIRST CONTRACT, THAT COULD HAVE 17:01.233 --> 17:11.000 align:start position:10% line:74% size:42.5% A BIG EFFECT . 17:08.733 --> 17:12.766 align:start position:10% line:74% size:75% >> SPEAKING OF THINGS WITH A 17:10.033 --> 17:13.633 align:start position:10% line:74% size:67.5% BIG EFFECT ON BUSINESS IN 17:11.000 --> 17:20.166 align:start position:10% line:74% size:77.5% CHICAGO, IT SEEMS LIKE CRIME, 17:12.766 --> 17:20.966 align:start position:10% line:74% size:65% TAXES HAVE STARTED IMPACT 17:13.633 --> 17:21.700 align:start position:10% line:74% size:80% COMPANIES. YOU CAN SEE TYSON, 17:20.166 --> 17:23.166 align:start position:10% line:74% size:65% CATERPILLAR, KEN GRIFFIN 17:20.966 --> 17:24.200 align:start position:10% line:74% size:77.5% LEAVING CHICAGO AND ILLINOIS. 17:21.700 --> 17:26.066 align:start position:10% line:74% size:80% THE CEO OF McDONALD'S AS IT IS 17:23.166 --> 17:27.133 align:start position:10% line:74% size:77.5% COMMITTED TO CHICAGO. HE GOES 17:24.200 --> 17:29.200 align:start position:10% line:74% size:75% ACROSS THE WORLD, CHICAGO'S 17:26.066 --> 17:32.533 align:start position:10% line:74% size:77.5% REPUTATION FOR CRIME AND HIGH 17:27.133 --> 17:33.833 align:start position:10% line:74% size:77.5% TAXES IS CAUSING PROBLEMS. JOE 17:29.200 --> 17:34.600 align:start position:10% line:74% size:80% CAHILL , IF YOU ARE CITY LEADER 17:32.533 --> 17:37.100 align:start position:10% line:74% size:72.5% , HOW WORRIED SHOULD YOU BE 17:33.833 --> 17:40.133 align:start position:10% line:74% size:72.5% ABOUT ATTRACTING BUSINESSES 17:34.600 --> 17:44.500 align:start position:10% line:74% size:80% HERE AND LOSING THE REMAINING 17:37.100 --> 17:45.666 align:start position:10% line:74% size:32.5% ONES LEFT? 17:40.133 --> 17:48.133 align:start position:10% line:74% size:80% >> VERY WORRIED. WHEN BIG-NAME 17:44.500 --> 17:51.166 align:start position:10% line:74% size:72.5% COMPANIES KNOWN AROUND THE 17:45.666 --> 17:58.000 align:start position:10% line:74% size:57.5% WORLD LIKE BOEING AND 17:48.133 --> 17:59.066 align:start position:10% line:74% size:80% CATERPILLAR PULL UP STAKES AND 17:51.166 --> 17:59.833 align:start position:10% line:74% size:80% LEAVE TOWN, REGARDLESS OF THE 17:58.000 --> 18:00.933 align:start position:10% line:74% size:80% REASON, PEOPLE NOTICE AND HEAR 17:59.066 --> 18:02.933 align:start position:10% line:74% size:65% ABOUT IT. OTHER BUSINESS 17:59.833 --> 18:06.900 align:start position:10% line:74% size:72.5% LEADERS HEAR ABOUT IT. THEY 18:00.933 --> 18:09.700 align:start position:10% line:74% size:80% START TO WONDER IF CHICAGO IS A 18:02.933 --> 18:13.033 align:start position:10% line:74% size:80% GOOD PLACE FOR BUSINESS, OPEN 18:06.900 --> 18:15.866 align:start position:10% line:74% size:72.5% A NEW OFFICE, THAT SORT OF 18:09.700 --> 18:17.566 align:start position:10% line:74% size:70% THING. IT IS A MATTER FOR 18:13.033 --> 18:20.300 align:start position:10% line:74% size:75% CONCERN , WE LOST THE BOEING 18:15.866 --> 18:22.966 align:start position:10% line:74% size:67.5% HEADQUARTERS. WE HAVE LOST 18:17.566 --> 18:26.733 align:start position:10% line:74% size:62.5% CATERPILLAR. THOSE WORK 18:20.300 --> 18:28.366 align:start position:10% line:74% size:80% HEADQUARTERS OPERATIONS WITH A 18:22.966 --> 18:31.166 align:start position:10% line:74% size:80% FEW HUNDRED JOBS. TYSON, UNION 18:26.733 --> 18:32.533 align:start position:10% line:74% size:75% WORKERS IN ARKANSAS, PULLED 18:28.366 --> 18:36.100 align:start position:10% line:74% size:80% ALL OF ITS PEOPLE BACK TO THE 18:31.166 --> 18:39.266 align:start position:10% line:74% size:80% ARKANSAS HEADQUARTERS. THEY HAD 18:32.533 --> 18:39.966 align:start position:10% line:74% size:77.5% RELOCATION OUT OF CHICAGO BY 18:36.100 --> 18:40.766 align:start position:10% line:74% size:75% THE THOUSANDS. AND THEN YOU 18:39.266 --> 18:43.300 align:start position:10% line:74% size:47.5% HAVE SAID ADULTS. 18:39.966 --> 18:45.566 align:start position:10% line:74% size:75% INTERESTINGLY, CITADEL IS THE 18:40.766 --> 18:50.600 align:start position:10% line:74% size:62.5% ONLY ONE YOU HAD A CEO 18:43.300 --> 18:51.233 align:start position:10% line:74% size:72.5% ACTIVELY ENGAGING IN THESE 18:45.566 --> 18:52.500 align:start position:10% line:74% size:77.5% ISSUES ABOUT CRIME AND TAXES 18:50.600 --> 18:53.233 align:start position:10% line:74% size:32.5% IN CHICAGO. 18:51.233 --> 18:57.666 align:start position:10% line:74% size:80% >> TRIED TO RUN A CANDIDATE FOR 18:52.500 --> 18:58.800 align:start position:10% line:74% size:27.5% GOVERNOR. 18:53.233 --> 19:01.066 align:start position:10% line:74% size:75% >> RIGHT. WHEN HE ANNOUNCED 18:57.666 --> 19:01.900 align:start position:10% line:74% size:75% THE MOVE, HE DID NOT DIRECTLY 18:58.800 --> 19:03.433 align:start position:10% line:74% size:80% TIE IT TO THOSE ISSUES BUT HAD 19:01.066 --> 19:04.866 align:start position:10% line:74% size:65% THOUGHT ENOUGH ABOUT THE 19:01.900 --> 19:05.833 align:start position:10% line:74% size:80% ISSUES, HE THREATENED TO LEAVE 19:03.433 --> 19:09.800 align:start position:10% line:74% size:60% IF THE ISSUES WERE NOT 19:04.866 --> 19:11.400 align:start position:10% line:74% size:80% ADDRESSED TO HIS SATISFACTION. 19:05.833 --> 19:12.400 align:start position:10% line:74% size:77.5% IT IS SAFE TO CONCLUDE , THAT 19:09.800 --> 19:14.200 align:start position:10% line:74% size:80% WAS PART OF THE REASON WHY THEY 19:11.400 --> 19:15.633 align:start position:10% line:74% size:77.5% MOVED THE HEADQUARTERS OF THE 19:12.400 --> 19:18.600 align:start position:10% line:74% size:80% HEDGE FUND DOWN, THAT WILL TAKE 19:14.200 --> 19:22.200 align:start position:10% line:74% size:67.5% 300 PEOPLE OUT OF CHICAGO 19:15.633 --> 19:25.333 align:start position:10% line:74% size:72.5% INITIALLY WITH JOBS . LEAVE 19:18.600 --> 19:29.400 align:start position:10% line:74% size:80% AROUND 700 OR SO FOR THE TIME 19:22.200 --> 19:31.733 align:start position:10% line:74% size:77.5% BEING. I SHOULD SAY , WE DID 19:25.333 --> 19:35.566 align:start position:10% line:74% size:72.5% SCORE SOME WINS. KELLOGG , 19:29.400 --> 19:38.400 align:start position:10% line:74% size:70% WHICH IS SPLITTING UP AND 19:31.733 --> 19:40.566 align:start position:10% line:74% size:77.5% MOVING WITH THE TAX DIVISION 19:35.566 --> 19:43.300 align:start position:10% line:74% size:75% HERE. ABBOTT LABS, BASED IN 19:38.400 --> 19:45.666 align:start position:10% line:74% size:75% NORTH CHICAGO IS MOVING 450 19:40.566 --> 19:50.366 align:start position:10% line:74% size:80% PEOPLE DOWNTOWN. AND GOOGLE IS 19:43.300 --> 19:53.433 align:start position:10% line:74% size:77.5% BUYING THE THOMPSON CENTER. 19:45.666 --> 19:57.633 align:start position:10% line:74% size:72.5% IT WILL MAKE THAT , LOCAL 19:50.366 --> 19:58.966 align:start position:10% line:74% size:67.5% CENTER WITH POTENTIAL OF 19:53.433 --> 19:59.400 align:start position:10% line:74% size:50% HAVING 3000 JOBS. 19:57.633 --> 20:01.333 align:start position:10% line:74% size:70% >> THAT IS A PERFECT WAY TO 19:58.966 --> 20:05.066 align:start position:10% line:74% size:32.5% TRANSITION. 19:59.400 --> 20:05.966 align:start position:10% line:74% size:70% >> THOSE ARE COUNTER MOVES. 20:01.333 --> 20:06.833 align:start position:10% line:74% size:77.5% >>> PERFECT WAY TO TRANSITION 20:05.066 --> 20:09.600 align:start position:10% line:74% size:72.5% TO THE NEXT SEGMENT TALKING 20:05.966 --> 20:11.333 align:start position:10% line:74% size:65% ABOUT GOOGLE. REAL ESTATE 20:06.833 --> 20:12.800 align:start position:10% line:74% size:75% SEGMENT, GOOGLE MAKES A BIG 20:09.600 --> 20:15.233 align:start position:10% line:74% size:72.5% BET ON THE THOMPSON CENTER. 20:11.333 --> 20:17.500 align:start position:10% line:74% size:67.5% CHICAGO'S HOT REAL ESTATE 20:12.800 --> 20:19.966 align:start position:10% line:74% size:65% MARKET TAKES A TUMBLE IN 20:15.233 --> 20:22.833 align:start position:10% line:74% size:72.5% CHICAGO. BELEAGUERED PUBLIC 20:17.500 --> 20:25.866 align:start position:10% line:74% size:65% FINANCES. DENNIS, MIXED 20:19.966 --> 20:29.200 align:start position:10% line:74% size:80% SIGNALS WITH THE LOCAL HOUSING 20:22.833 --> 20:32.033 align:start position:10% line:74% size:77.5% MARKET, NEW HOME SALES HAD A 20:25.866 --> 20:33.033 align:start position:10% line:74% size:80% TOUGH MONTH LAST OCTOBER. DO 20:29.200 --> 20:35.733 align:start position:10% line:74% size:75% YOU THINK THEY WILL PICK UP 20:32.033 --> 20:38.033 align:start position:10% line:74% size:75% ASSUMING LARGE INTEREST RATE 20:33.033 --> 20:41.033 align:start position:10% line:74% size:45% HIKES ARE DONE? 20:35.733 --> 20:43.166 align:start position:10% line:74% size:72.5% >> IF LARGE INTEREST RATE 20:38.033 --> 20:44.766 align:start position:10% line:74% size:80% HIKES ARE DONE, WE CAN EXPECT 20:41.033 --> 20:46.333 align:start position:10% line:74% size:80% SALES TO STOP CALLING, WHETHER 20:43.166 --> 20:47.600 align:start position:10% line:74% size:77.5% THEY WOULD PICK UP IS ANOTHER 20:44.766 --> 20:50.000 align:start position:10% line:74% size:77.5% QUESTION. HOME SALES HAVE BEEN 20:46.333 --> 20:53.233 align:start position:10% line:74% size:70% FALLING MONTH AFTER MONTH 20:47.600 --> 20:54.833 align:start position:10% line:74% size:77.5% QUITE A WHILE. IT WAS HARD TO 20:50.000 --> 20:55.933 align:start position:10% line:74% size:77.5% KEEP UP WITH THE PACE OF HOME 20:53.233 --> 20:57.066 align:start position:10% line:74% size:77.5% SALES DURING THE PANDEMIC. IT 20:54.833 --> 21:00.500 align:start position:10% line:74% size:77.5% WAS INEVITABLE THEY WOULD SLOW 20:55.933 --> 21:02.500 align:start position:10% line:74% size:75% DOWN AT SOME POINT. INTEREST 20:57.066 --> 21:06.266 align:start position:10% line:74% size:80% RATES SORT OF ACCELERATED THE 21:00.500 --> 21:07.466 align:start position:10% line:74% size:80% DECELERATION, REALLY SPEEDED UP 21:02.500 --> 21:09.033 align:start position:10% line:74% size:80% THE DECLINE IN SALES. PRICES 21:06.266 --> 21:10.566 align:start position:10% line:74% size:77.5% HAVE CONTINUED TO GO UP, THEY 21:07.466 --> 21:14.233 align:start position:10% line:74% size:80% ARE GOING UP LESS AND LESS ALL 21:09.033 --> 21:17.066 align:start position:10% line:74% size:80% THE TIME. THEY ARE MOSTLY FLAT. 21:10.566 --> 21:19.733 align:start position:10% line:74% size:75% WE SORT OF HAD TWO COUNTER 21:14.233 --> 21:22.300 align:start position:10% line:74% size:80% MARKETS AT ONE. ONE IS PEOPLE 21:17.066 --> 21:25.400 align:start position:10% line:74% size:80% WHO ARE DEPENDENT ON INTEREST 21:19.733 --> 21:27.300 align:start position:10% line:74% size:80% RATES. PEOPLE BUYING $600,000 21:22.300 --> 21:28.766 align:start position:10% line:74% size:72.5% AND BELOW. GENERALLY VERY 21:25.400 --> 21:31.066 align:start position:10% line:74% size:72.5% AFFECTED BY WHERE INTEREST 21:27.300 --> 21:33.800 align:start position:10% line:74% size:57.5% RATES GO . ESPECIALLY 21:28.766 --> 21:35.100 align:start position:10% line:74% size:77.5% FIRST-TIME HOMEBUYERS BUYING 21:31.066 --> 21:37.266 align:start position:10% line:74% size:77.5% UNDER 400,000, THEY HAVE ALL 21:33.800 --> 21:40.266 align:start position:10% line:74% size:67.5% BUT DISAPPEARED OUT OF THE 21:35.100 --> 21:43.300 align:start position:10% line:74% size:80% MARKET. WEALTHY PEOPLE, PEOPLE 21:37.266 --> 21:47.100 align:start position:10% line:74% size:62.5% OF MEANS BUYING ABOVE 1 21:40.266 --> 21:51.466 align:start position:10% line:74% size:70% MILLION , ABOVE 5 MILLION, 21:43.300 --> 21:52.600 align:start position:10% line:74% size:70% ABOVE 20 MILLION, TWO $20 21:47.100 --> 21:53.366 align:start position:10% line:74% size:80% MILLION SALES THIS YEAR, THOSE 21:51.466 --> 21:55.866 align:start position:10% line:74% size:80% PEOPLE HAVE CONTINUED TO BUY AT 21:52.600 --> 21:57.133 align:start position:10% line:74% size:67.5% AMAZING RATE EVEN THOUGH, 21:53.366 --> 21:58.866 align:start position:10% line:74% size:72.5% BECAUSE THEY ARE IMMUNE TO 21:55.866 --> 22:01.466 align:start position:10% line:74% size:72.5% INTEREST RATE INCREASES. WE 21:57.133 --> 22:08.266 align:start position:10% line:74% size:77.5% STILL HAVE WHITE-HOT MARKET 21:58.866 --> 22:09.066 align:start position:10% line:74% size:60% FOR PROPERTIES OVER $4 22:01.466 --> 22:10.133 align:start position:10% line:74% size:75% MILLION. BELOW 600,000, IT 22:08.266 --> 22:12.466 align:start position:10% line:74% size:57.5% HAS ALMOST PARALYZED. 22:09.066 --> 22:13.533 align:start position:10% line:74% size:80% >> THESE ULTRALUXURY RESIDENCES 22:10.133 --> 22:15.233 align:start position:10% line:74% size:70% PEOPLE ARE EATING A., ARE 22:12.466 --> 22:16.066 align:start position:10% line:74% size:70% THESE FOLKS LIVING IN THESE 22:13.533 --> 22:18.666 align:start position:10% line:74% size:77.5% PLACES OR ARE THESE INVESTMENT 22:15.233 --> 22:22.633 align:start position:10% line:74% size:35% PROPERTIES ? 22:16.066 --> 22:26.966 align:start position:10% line:74% size:80% >> FOR THE MOST PART, I CAN'T 22:18.666 --> 22:31.566 align:start position:10% line:74% size:75% FIND EVERY UPPER , THEY ARE 22:22.633 --> 22:33.633 align:start position:10% line:74% size:80% PEOPLE BUYING TO HAVE A HOME. 22:26.966 --> 22:37.500 align:start position:10% line:74% size:80% [ INAUDIBLE ] A LOT OF MONEY, 22:31.566 --> 22:39.600 align:start position:10% line:74% size:70% I'M DIVIDING , ALMOST EVERY 22:33.633 --> 22:42.166 align:start position:10% line:74% size:77.5% TIME EVEN IF I ONLY BUY ONE, 22:37.500 --> 22:44.233 align:start position:10% line:74% size:77.5% WINNETKA, I HAVE SOMETHING IN 22:39.600 --> 22:46.933 align:start position:10% line:74% size:80% COLORADO, CALIFORNIA. FOR THE 22:42.166 --> 22:48.200 align:start position:10% line:74% size:75% MOST PART, THESE SEEM TO BE 22:44.233 --> 22:49.933 align:start position:10% line:74% size:72.5% PRIMARY ADDRESS PURCHASES. 22:46.933 --> 22:52.033 align:start position:10% line:74% size:80% THESE NUMBERS, I DON'T KNOW IF 22:48.200 --> 22:53.866 align:start position:10% line:74% size:80% YOU HAVE THESE NUMBERS IN FRONT 22:49.933 --> 22:56.800 align:start position:10% line:74% size:67.5% OF YOU , IN THE FIVE YEARS 22:52.033 --> 22:59.400 align:start position:10% line:74% size:77.5% PRIOR TO THE PANDEMIC , THERE 22:53.866 --> 23:05.466 align:start position:10% line:74% size:77.5% WAS AVERAGE OF 51 HOME SALES 22:56.800 --> 23:06.966 align:start position:10% line:74% size:70% OF $4 MILLION OR MORE. IN 22:59.400 --> 23:08.333 align:start position:10% line:74% size:77.5% 2021, THERE WERE 100 WANT UP 23:05.466 --> 23:09.666 align:start position:10% line:74% size:77.5% FROM AVERAGE OF 51. SO FAR IN 23:06.966 --> 23:10.800 align:start position:10% line:74% size:80% 2022, WHICH IS NOT OVER YET, WE 23:08.333 --> 23:14.666 align:start position:10% line:74% size:65% HAD 120 HOME SALES OF $4 23:09.666 --> 23:16.266 align:start position:10% line:74% size:72.5% MILLION OR MORE. COMPARED TO 23:10.800 --> 23:18.300 align:start position:10% line:74% size:77.5% THE LONG-TERM AVERAGE OF 51. 23:14.666 --> 23:22.000 align:start position:10% line:74% size:80% THESE NUMBERS ARE UNBELIEVABLE. 23:16.266 --> 23:24.900 align:start position:10% line:74% size:80% ONE OF THE REASONS IT IS HARD 23:18.300 --> 23:26.500 align:start position:10% line:74% size:77.5% TO LOOK AT THE DROP IN SALES, 23:22.000 --> 23:27.600 align:start position:10% line:74% size:80% LOOKING WHERE PRICES ARE GOING 23:24.900 --> 23:29.100 align:start position:10% line:74% size:77.5% , THERE ARE SO MUCH ACTION AT 23:26.500 --> 23:31.000 align:start position:10% line:74% size:67.5% THE TOP OF THE MARKET, SO 23:27.600 --> 23:38.366 align:start position:10% line:74% size:80% LITTLE ACTION AT THE BOTTOM. IT 23:29.100 --> 23:39.433 align:start position:10% line:74% size:80% MAY BE THE NUMBERS, PRICES ARE 23:31.000 --> 23:40.466 align:start position:10% line:74% size:77.5% GOING UP I REALLY PULLED UP 23:38.366 --> 23:41.500 align:start position:10% line:74% size:62.5% BY THE AFFLUENT PEOPLE. 23:39.433 --> 23:43.333 align:start position:10% line:74% size:75% >> THEY COULD BE INFLATED BY 23:40.466 --> 23:44.766 align:start position:10% line:74% size:72.5% THAT WHITE-HOT SUPER LUXURY 23:41.500 --> 23:49.666 align:start position:10% line:74% size:70% SECTOR. TRUDY SINGH, BIG 23:43.333 --> 23:51.033 align:start position:10% line:74% size:75% TRANSACTION ABOUT TO HAPPEN, 23:44.766 --> 23:51.933 align:start position:10% line:74% size:80% GOOGLE WILL GO TO THE THOMPSON 23:49.666 --> 23:53.133 align:start position:10% line:74% size:62.5% CENTER AS JOE MENTIONED 23:51.033 --> 23:54.100 align:start position:10% line:74% size:80% EARLIER. THEY WILL RENOVATE IT, 23:51.933 --> 23:55.166 align:start position:10% line:74% size:57.5% IT WILL BE ONE OF THE 23:53.133 --> 23:55.533 align:start position:10% line:74% size:62.5% HEADQUARTERS. IS THIS A 23:54.100 --> 24:01.833 align:start position:10% line:74% size:80% CATALYST FOR THE CITY BUSINESS 23:55.166 --> 24:03.000 align:start position:10% line:74% size:25% DISTRICT? 23:55.533 --> 24:04.033 align:start position:10% line:74% size:80% >> I THINK THE THOMPSON CENTER 24:01.833 --> 24:04.766 align:start position:10% line:74% size:77.5% SALE WAS BIG NEWS IN CHICAGO, 24:03.000 --> 24:06.566 align:start position:10% line:74% size:80% SOMETHING GOVERNOR PRITZKER AND 24:04.033 --> 24:07.566 align:start position:10% line:74% size:75% HIS ADMINISTRATION WORKING ON 24:04.766 --> 24:09.566 align:start position:10% line:74% size:80% SINCE HE TOOK OFFICE OR SHORTLY 24:06.566 --> 24:11.500 align:start position:10% line:74% size:60% THEREAFTER, CERTAINLY 24:07.566 --> 24:15.200 align:start position:10% line:74% size:70% PROMINENT LOCATION IN THE 24:09.566 --> 24:16.266 align:start position:10% line:74% size:80% CITY. MAYOR LIGHTFOOT HAS SAID 24:11.500 --> 24:18.100 align:start position:10% line:74% size:80% THAT PARTICULAR LOCATION, ONCE 24:15.200 --> 24:19.466 align:start position:10% line:74% size:65% RENOVATED, I THINK IT IS 24:16.266 --> 24:20.633 align:start position:10% line:74% size:75% SUPPOSED TO BE AROUND 2026, 24:18.100 --> 24:22.766 align:start position:10% line:74% size:72.5% ACCORDING TO WHAT GOOGLE HAS 24:19.466 --> 24:24.266 align:start position:10% line:74% size:72.5% INDICATED WHEN RENOVATIONS 24:20.633 --> 24:26.700 align:start position:10% line:74% size:75% WILL BE FINISHED AND PEOPLE 24:22.766 --> 24:28.500 align:start position:10% line:74% size:67.5% START TO OCCUPY IT. MAYOR 24:24.266 --> 24:30.600 align:start position:10% line:74% size:77.5% LIGHTFOOT HAS SAID, IT COULD 24:26.700 --> 24:32.033 align:start position:10% line:74% size:80% BE SOMETHING LIKE 3000 JOBS IN 24:28.500 --> 24:33.633 align:start position:10% line:74% size:77.5% THAT LOCATION. THAT IS A LOT 24:30.600 --> 24:34.633 align:start position:10% line:74% size:27.5% OF JOBS. 24:32.033 --> 24:35.366 align:start position:10% line:74% size:65% >> A LOT OF JOBS FOR THE 24:33.633 --> 24:37.066 align:start position:10% line:74% size:75% BALLY'S CASINO WHENEVER THAT 24:34.633 --> 24:39.566 align:start position:10% line:74% size:55% GETS BUILT ALONG THE 24:35.366 --> 24:41.200 align:start position:10% line:74% size:77.5% RIVERFRONT. DOES ANYONE KNOW 24:37.066 --> 24:42.433 align:start position:10% line:74% size:80% WHEN THE TEMPORARY CASINO IS ? 24:39.566 --> 24:43.900 align:start position:10% line:74% size:75% LOOKING AT THE PROPOSALS FOR 24:41.200 --> 24:45.400 align:start position:10% line:74% size:72.5% THE PERMANENT CASINO, THEY 24:42.433 --> 24:49.800 align:start position:10% line:74% size:65% WILL MOVE INTO THE MEDINA 24:43.900 --> 24:56.000 align:start position:10% line:74% size:72.5% TEMPLE , IS THAT SUPPOSED TO 24:45.400 --> 24:57.266 align:start position:10% line:74% size:75% HAPPEN IN 2023? I WILL TOSS 24:49.800 --> 24:58.533 align:start position:10% line:74% size:80% THAT OUT TO ANYBODY. DON'T ALL 24:56.000 --> 25:01.100 align:start position:10% line:74% size:77.5% ACT AT ONCE. WE DON'T EXACTLY 24:57.266 --> 25:03.200 align:start position:10% line:74% size:65% KNOW. HOW ABOUT THE FINAL 24:58.533 --> 25:07.400 align:start position:10% line:74% size:65% PRODUCT, THE PERMANENT 25:01.100 --> 25:08.966 align:start position:10% line:74% size:62.5% VALLEY'S CASINO. DO WE 25:03.200 --> 25:09.600 align:start position:10% line:74% size:75% ANTICIPATE , DENNIS RODKIN, 25:07.400 --> 25:11.066 align:start position:10% line:74% size:80% WILL THAT CATALYZE THE CHICAGO 25:08.966 --> 25:13.700 align:start position:10% line:74% size:25% RIVER ? 25:09.600 --> 25:22.466 align:start position:10% line:74% size:75% >> I THINK IT PROBABLY WILL. 25:11.066 --> 25:23.766 align:start position:10% line:74% size:77.5% GOING INTO AN AREA NEAR A LOT 25:13.700 --> 25:24.733 align:start position:10% line:74% size:77.5% OF BOOMING HOUSING MARKETS. 25:22.466 --> 25:25.833 align:start position:10% line:74% size:75% PULLS THE EDGE OF DOWNTOWN A 25:23.766 --> 25:26.633 align:start position:10% line:74% size:75% LITTLE FARTHER, I SHOULD NOT 25:24.733 --> 25:28.633 align:start position:10% line:74% size:72.5% SAY WEST BUT NORTHWEST, AND 25:25.833 --> 25:29.666 align:start position:10% line:74% size:80% CREATE ANOTHER TENTPOLE AROUND 25:26.633 --> 25:31.033 align:start position:10% line:74% size:80% WHICH RESTAURANTS, CONDOS, ALL 25:28.633 --> 25:32.233 align:start position:10% line:74% size:72.5% OF THOSE THINGS CAN DEVELOP 25:29.666 --> 25:35.233 align:start position:10% line:74% size:62.5% OVER TIME. CERTAINLY NOT 25:31.033 --> 25:36.600 align:start position:10% line:74% size:32.5% OVERNIGHT. 25:32.233 --> 25:37.900 align:start position:10% line:74% size:77.5% >> I KNOW THE MAYOR AND CITY 25:35.233 --> 25:39.500 align:start position:10% line:74% size:72.5% LEADERS ARE BANKING ON THAT 25:36.600 --> 25:41.200 align:start position:10% line:74% size:80% HAPPENING. WE ARE OUT OF TIME. 25:37.900 --> 25:43.966 align:start position:10% line:74% size:57.5% I HOPE YOU HAD A GREAT 25:39.500 --> 25:45.566 align:start position:10% line:74% size:72.5% THANKSGIVING. TRUDY SINGH, 25:41.200 --> 25:47.100 align:start position:10% line:74% size:80% DENNIS RODKIN , TALIA SOGLIN, 25:43.966 --> 25:48.966 align:start position:10% line:74% size:80% THANK YOU FOR JOINING US. AND 25:45.566 --> 25:51.300 align:start position:10% line:74% size:80% THANK YOU ALL, FOR JOINING US. 25:47.100 --> 25:56.733 align:start position:10% line:74% size:75% THAT IS IT FOR THE SHOW THIS 25:48.966 --> 26:00.133 align:start position:10% line:74% size:72.5% FRIDAY NIGHT ON THE WEEK IN 25:51.300 --> 26:03.400 align:start position:10% line:74% size:72.5% REVIEW. I'M PARIS SCHUTZ. 25:56.733 --> 26:03.400 align:start position:10% line:79.33% size:70% HAVE A GREAT HOLIDAY AND 26:00.133 --> 26:03.400 align:start position:10% line:84.67% size:50% WEEKEND. STAY SAFE. 26:36.366 --> 26:42.566 align:start position:10% line:79.33% size:70% >>> CLOSED CAPTIONING MADE 26:38.066 --> 26:42.566 align:start position:10% line:84.67% size:37.5% POSSIBLE BY --