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Speaker 1: Global business news twenty four hours a day, if Bloomberg

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Speaker 1: dot com, the radio plus mobile app and on your radio.

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Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.

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Speaker 1: I'm Charlie Pellet of Thedal, the smp NEZ dec called Advancing.

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Speaker 1: This update brought to you by National Realty Returns on

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Speaker 1: cash in rented real Estate. Find them at n r

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Speaker 1: I A dot net. N r i a dot net.

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Speaker 1: Now over to the first Word Breaking news desk for

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Speaker 1: today's afternoon call. Here, he's Bill Maloney. Good afternoon, Charlie.

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Speaker 1: Man U. Savages are gaining today, with the Dow currently

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Speaker 1: hired by sixty five point, SIPs game seven and AzaC

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Speaker 1: rises sixteen, the small cap six hundred rises seven points,

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Speaker 1: and the US ten yield at one point seven per cent.

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Speaker 1: Eight out of tennesse B sectors are higher, led by

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Speaker 1: games and materials, consumer staples, and the industrials. Energy and

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Speaker 1: telecom fell down, Transports jump forty one, as a BI

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Speaker 1: text drop two points, and the VIX is little change

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Speaker 1: doll Leaders to the upside include United Health Group, Caterpillar,

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Speaker 1: and Visa, while Chevron and Verizon led to the downside.

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Speaker 1: A K Steel jump nineteen percent, Create Sweete upgraded to

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Speaker 1: outperform Vera Phone plunge twenty four percent after its earnings,

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Speaker 1: while Lulu Lemon gained as much as five point four

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Speaker 1: percent after its results. Restoration Hardware reports After the Bell

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Speaker 1: Live from the First Breaking News Desk on Bill Maloney. Charlie,

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Speaker 1: all right, thank you very much, Bill Maloney, and to

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Speaker 1: hear live breaking news over your Bloomberg Times squawk ask

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Speaker 1: you you a w K on your terminal. I'm Charlie

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Speaker 1: Pellett and that's a Bloomberg Business flash. You're listening to

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Speaker 1: Stock with Kathleen pim Fox on Bloomberg Radio. Just the

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Speaker 1: last month, the Orange County Tourism Development Board in Florida

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Speaker 1: approved a three million dollar worth of hotel tax revenues

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Speaker 1: in order to bring the NFL to Central Florida. And

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Speaker 1: here to tell us more about that effort and the

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Speaker 1: economy and development of central Florida is Orange County Mayor

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Speaker 1: Teresa Jacobs. Thank you very much for being here. Oh,

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Speaker 1: thank you so much for having me. What was it like?

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Speaker 1: I think it was last Wednesday that you were able

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Speaker 1: to finally announce that the NFL the Pro Bowl is

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Speaker 1: coming to Orlando. It was absolutely thrilling. I can't tell

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Speaker 1: you how excited our community is about hosting the Pro Bowl.

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Speaker 1: And I think you're gonna see an entire Orlando UM

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Speaker 1: scene just come alive over this, as well as as

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Speaker 1: the whole nation of course, but I think locally it's

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Speaker 1: gonna be phenomenal for us, so uh, Mayor Jacobs. It's

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Speaker 1: been in Hawaii for a long time. You get it

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Speaker 1: for I believe three years. Do you do you really

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Speaker 1: will it make a difference to the Pro Bowl itself

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Speaker 1: to have it here? I mean, it's not going to

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Speaker 1: change the players necessarily or will How do you think

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Speaker 1: that synergy is going to work to tybbe even not

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Speaker 1: just help Orlando, but take the Pro Bowl to another level? Oh?

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Speaker 1: I think it's I think it absolutely is. One of

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Speaker 1: the reasons that the NFL was so interested in the

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Speaker 1: Orlando area is that they want to They want an

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Speaker 1: environment where their players are anxious to come and bring

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Speaker 1: their families and um make make a bit of a

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Speaker 1: vacation out of it at the same time. So UM

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Speaker 1: they see it as a tremendous draw to get the

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Speaker 1: players UM re engaged and very interested in showing up

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Speaker 1: for Pro Bowl. So I think it's going to help

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Speaker 1: the games. I think it's going to help the viewership,

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Speaker 1: and of course I think it's going to help our

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Speaker 1: local economy and um, more than anything, it's gonna be

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Speaker 1: a lot of fun. Tell us a little bit about infrastructure,

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Speaker 1: because I note that toll roads. For example, this is

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Speaker 1: the toll road capital of the United States, and you've

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Speaker 1: got more planned. Tell us about the relationship between toll

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Speaker 1: roads and infrastructure. Well, we do have a lot of

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Speaker 1: toll roads. I sit on the Toll Authority, and UM,

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Speaker 1: we have a lot of toll roads because quite frankly,

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Speaker 1: we're a newer city and a lot of the growth

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Speaker 1: that we've experienced in the last fifteen or twenty years

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Speaker 1: has come after the time when the federal government was

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Speaker 1: investing so much into major transportation UM highways. So we've

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Speaker 1: done a lot of that and we've paid for it locally. UM.

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Speaker 1: In addition to our toll roads, though, we have about

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Speaker 1: five billion dollars worth of transportation improvements that are in

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Speaker 1: the pipeline or just recently completed. So I think that

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Speaker 1: that's pretty phenomenal, UM in in this day and age

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Speaker 1: right now, when you look at um UH regions and

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Speaker 1: cities our size to have so much going on, from

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Speaker 1: um massive renovations and expansion of our airport to our

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Speaker 1: convention center, to um A sun Rail commuter rail system,

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Speaker 1: and um and and major highways. You know, you were

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Speaker 1: elected mayor in November, re elected your second term. You

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Speaker 1: were two term Orange County commissioner. Uh. You had a

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Speaker 1: career in banking, yes, I did. Yeah, what got you

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Speaker 1: the politics? What made you decide you want to do this? Actually, UM,

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Speaker 1: it's gonna sound a little trite, but it was a

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Speaker 1: road through my neighborhood. The county decided to put a

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Speaker 1: road through my neighborhood. UM. I didn't like that so much.

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Speaker 1: UM and got engaged and began to understand that little

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Speaker 1: government plays a tremendous role in our quality of life

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Speaker 1: and our property values. And UM thought, why not take

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Speaker 1: the background I had in finance and banking, in um

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Speaker 1: municipal bonds and trading financial futures and apply that in

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Speaker 1: the public arena. And I've loved it. Now you talked

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Speaker 1: about the quality of life for just a second, and

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Speaker 1: I want to give you an opportunity to explain. You

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Speaker 1: testified recently in Washington about an epidemic that is afflicting

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Speaker 1: many municipalities in the United States. Tell us about this absolutely.

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Speaker 1: I think it's still shocking to so many people to

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Speaker 1: learn that we have a heroin epidemic. UM. It is

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Speaker 1: not it's not equally profound in each cities, but there

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Speaker 1: are targeted areas UM some in the Northwest, on the

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Speaker 1: west coast of the United States, and UM some places

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Speaker 1: in Florida, including Central Florida that we're really seeing m

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Speaker 1: incredibly cheap and extremely dangerous, deadly strains of last five

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Speaker 1: deaths last year, death last year, increase over the last

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Speaker 1: several years, so UM a profound increase. UM. I think

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Speaker 1: that people don't realize that heroin has become so much

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Speaker 1: easier to get so cheap, so cheap and so deadly

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Speaker 1: and UM. And when I was growing up, the only

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Speaker 1: people who used heroin UM were those people that were

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Speaker 1: really really extreme drug abusers. UM. And today we're finding

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Speaker 1: it to be more and more unfortunately acceptable. If you

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Speaker 1: look at the bottom line, there's a human cost. I

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Speaker 1: guess there's also the cost of dealing with these people.

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Speaker 1: As as a mayor of a major city, what is

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Speaker 1: what is the cost of what's the benefit of stopping this, Well,

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Speaker 1: there's a there's a huge human toll um absolutely, and

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Speaker 1: the addiction costs um are are pretty phenomenal. But not

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Speaker 1: treating it is is a cost too great for society

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Speaker 1: like ours to um to bear. So I think that's

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Speaker 1: the reason we've approached the federal government for additional support.

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Speaker 1: That's the reason we're working with so many other jurisdictions

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Speaker 1: across the country to create awareness, to prevent the addiction

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Speaker 1: in the first place, and to help treat those who

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Speaker 1: are addicted. Very few people are addicted to heroin because

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Speaker 1: they want to be addicted. Most people UM stumble onto

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Speaker 1: the use. Maybe they've been on pain killers and suddenly

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Speaker 1: they couldn't get the pain killers anymore and they found

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Speaker 1: themselves addicted. Teresa Jacob, I'd like to talk to you today.

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Speaker 1: Thank you for joining us. Oh, thank you so much

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Speaker 1: for having us. She is the mayor of Orange County

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Speaker 1: here in Florida. We're live at Pershing's Insight sixteen conference

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Speaker 1: at the Higher Regency in Orlando. I'm Kathleen Hayes along

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Speaker 1: with Pim Fox, and this is Bloomberg Radio. Bloomberg Taking

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Speaker 1: Stock is brought to you by Ancient Block and Ancient

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Speaker 1: named the best accounting firm in North America for the

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Speaker 1: sixth year in a row by hedgeweek dot com.