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Speaker 1: Earners.

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Speaker 2: What's up.

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Speaker 3: You ever walk into a small business and everything just

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Speaker 3: works like The checkout is fast, the receipts are digital,

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Speaker 3: tipping is a breeze, and you're out the door before

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Speaker 3: the line even builds. Odds are they're using Square. We

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Speaker 3: at a pop up market, or even one of our

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Speaker 3: merch partners, Square makes it easy for them to take payments,

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Speaker 3: one simple system. If you're a business owner or even

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Speaker 3: just thinking about launching something soon, Square is hands down

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Speaker 3: you time back so you can focus on what matters

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Speaker 3: can keep pushing your vision forward. This episode is brought

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Speaker 3: to you by P and C Bank, a lot of

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Speaker 3: people think podcasts about work are boring, and sure, they

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Speaker 3: definitely can be, but understanding of professional's routine shows us

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Speaker 3: how they achieve their success little by little, day after day.

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Speaker 3: It's like banking with P and C Bank. It might

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Speaker 3: Financial Service Group, Inc. P and C Bank National Association

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Speaker 3: Member FDIC.

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Speaker 1: Let's do something that we haven't done in a while.

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Speaker 4: I want to play a clip because I saw something

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Speaker 4: on Instagram and I posted it yesterday and it was

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Speaker 4: actually very insightful and inspiration at the same time.

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Speaker 1: So can we play this clip. Let's run it. Let's

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Speaker 1: run it.

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Speaker 2: I think that being Magic Johnson that people say, oh,

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Speaker 2: here's a lot of money, and that wasn't the case.

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Speaker 2: Matter of fact, Magic Johnson worked against me and they said, oh,

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Speaker 2: we want your picture and your autograph, but we don't

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Speaker 2: want to give you the money. And so I got

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Speaker 2: turned down seven eight times from banks about getting capital

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Speaker 2: because I wanted growth and sustainability, and the only way

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Speaker 2: I could do that is to use other people's money.

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Speaker 2: So finally I went up to Sacramento to the pension funds.

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Speaker 2: They turned me down three years in a row, but

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Speaker 2: finally the fourth year, cal Perr said, Okay, I believe

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Speaker 2: in you, so I'm gonna give you fifty million dollars

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Speaker 2: and if you're successful with the fifty you can come

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Speaker 2: back and get a hundred more million. And so I

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Speaker 2: invested in a shopping center in the inner cities, bought

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Speaker 2: it for twenty two million dollars, forty percent occupied, took

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Speaker 2: it up to one hundred percent occupied, resold the center

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Speaker 2: for forty eight million, took the twenty six million profit

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Speaker 2: up to Sacramento and they said, oh, I guess you

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Speaker 2: do no business. So that's what got me started. Then

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Speaker 2: I was able to get access to capitol.

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Speaker 1: So this is what happened.

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Speaker 2: I go up to Seattle, knock on Howard Show's door Terman,

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Speaker 2: CEO of Starbucks, and I said, look, minorities, we like

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Speaker 2: coffee too. But we had to drive forty five to

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Speaker 2: our outside our community to get some coffee. So I said,

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Speaker 2: if you build them in our community, they're gonna be very,

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Speaker 2: very successful. And so we did the deal. He came

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Speaker 2: down to see my movie theaters and see how I

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Speaker 2: managed my theaters. That was going to be if he's

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Speaker 2: gonna decide to do the deal or now. And thank god,

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Speaker 2: Whitney Houston's first movie was coming out, Waiting nex Heal,

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Speaker 2: So I had five thousand black women wrapped around the

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Speaker 2: corner to come see this movie.

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Speaker 1: So he walks up and he.

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Speaker 2: Said, man, what's going on here? Yeah, and I said,

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Speaker 2: Waiting ex Hell's coming out, so every theater is sold out.

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Speaker 2: He had to see how we managed the theater, and

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Speaker 2: then we went in to see the movie. The movie

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Speaker 2: pops up about twenty minutes in. See we go to

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Speaker 2: movies different than everybody else. So we start talking to

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Speaker 2: the screen girl while you still with him, and Howard

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Speaker 2: elbowed me had come on out into the lobby.

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Speaker 1: So we went out to the lobby.

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Speaker 2: He said, magic, I haven't had a movie going experience

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Speaker 2: quite like this. Guess what That got me the deal?

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Speaker 2: So it worked out great. We build one hundred and

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Speaker 2: twenty five and the great thing is the headline rolling

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Speaker 2: in the LA Time said, no way minorities to pay

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Speaker 2: three dollars for a cup of coffee. Thomas will pay

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Speaker 2: three dollars for a couple of coffee. We quite don't

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Speaker 2: know what scones are though.

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Speaker 4: Yeah, it's a lot of great lessons inside that clubb

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Speaker 4: you know what a lot of bars. I was like this,

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Speaker 4: this is a case study within itself and shout out

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Speaker 4: to magic because people don't give mad enough enough credit.

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Speaker 4: You know, he's a billionaire, right, I think he's worth

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Speaker 4: He's actually worth more money than lebron He's worth one

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Speaker 4: point four billion dollars according to according to Forbes, and

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Speaker 4: man his journey because especially at that time, Starbucks didn't

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Speaker 4: even franchise their locations. He actually had the part he's

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Speaker 4: one of the first people to actually get a Starbucks

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Speaker 4: outside the Starbucks ownership and he opened one hundred and

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Speaker 4: twenty five starbuckss. And for me personally, when I saw

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Speaker 4: that story, I thought it was pretty interesting because access

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Speaker 4: to capital something that we speak a lot about, right,

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Speaker 4: even him, he had to prove himself and he had

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Speaker 4: to maneuver get an assets selling assets to actually prove

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Speaker 4: that he can actually be worthy of the access to capital,

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Speaker 4: and then from a scalability standpoint, you started off with

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Speaker 4: one hundred and twenty five.

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Speaker 1: He didn't start off with one or two.

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Speaker 4: Right, but all sort of the power, the cultural power, right,

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Speaker 4: That movie kind of sealed the deal for him. That

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Speaker 4: was if he said, five thousand black women wrapped around

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Speaker 4: to see the thing, and just his ability to actually

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Speaker 4: know that there's something in the marketplace that needs to

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Speaker 4: be done, as far as not having something the smallest

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Speaker 4: we don't have coffee shops in the neighborhood, right, that

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Speaker 4: turns into and then Magic actually ended up selling his portfolio.

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Speaker 1: He's like a junior Bridgeman.

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Speaker 4: He sold, He sold all of his portfolio, then starts

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Speaker 4: buying a life for a life insurance company heavy in

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Speaker 4: real estate, and then he starts buying sports sports teams

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Speaker 4: like he's he's part owner in the Washington Football Commanders,

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Speaker 4: he's part owner in Dodge Dodgers. It's the Lakers too,

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Speaker 4: La Sparks, Lakers, not Lakers Sparkers Sparks. So he like

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Speaker 4: he literally climbed his way into that billionairesta It wasn't

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Speaker 4: like one thing, like he really had to scratch and

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Speaker 4: crawl to become a billionaire, and the stories like that,

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Speaker 4: I think sometimes it's just really inspirational and also informational

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Speaker 4: as well to actually see. So when I saw that,

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Speaker 4: I'm like, damn, this is kind of like this is

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Speaker 4: some good game and like two and a half minute clip.

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Speaker 3: Yeah, And he understood culture. He understood cultural needs. Before

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Speaker 3: the Starbucks, it was the movie Ditters. So like even

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Speaker 3: having a movie in environments where you know, Regal or

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Speaker 3: Cinema wouldn't put it, he said, like, we'd like to

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Speaker 3: go to the movies too, And so you had the

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Speaker 3: Magic Johnson Ditters in parts of la where nobody would

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Speaker 3: put him. We had a Magic Johnson did it in

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Speaker 3: one twenty fifth Street where nobody thought. People, you know,

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Speaker 3: we like going to the movies, we're gonn and support

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Speaker 3: it and so out once you bring it, they'll come.

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Speaker 3: And then now you can build infrastructure around it. So

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Speaker 3: then you get the starbus and you get other retail

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Speaker 3: spaces to add to what you already had.

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Speaker 1: So I mean it was brilliant.

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Speaker 5: It was brilliant, and I think a great lesson in

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Speaker 5: performing at a high level no matter what you're doing,

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Speaker 5: Like the thing that you're doing now is going to

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Speaker 5: lead to the next example. Like I was talking to

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Speaker 5: it's just weeking shot out to my guy. He was

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Speaker 5: asking about Africa as well. I'm like, all roads lead

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Speaker 5: to a certain place, but it's about how can you

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Speaker 5: do one thing incredibly well and then people will open

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Speaker 5: up the opportunities for you to do other things. I

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Speaker 5: think it's a great lesson to not be little anything

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Speaker 5: that you're doing, because people are gonna watch your level

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Speaker 5: of work, ethic and your efficiency for the next opportunity.

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Speaker 5: So hell of a lesson, the hell of a clip all.

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Speaker 1: Of the said.

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Speaker 3: He put the magic Johnson did in the Jungles.

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Speaker 1: Who was gonna put a movie did today?

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Speaker 4: You know, he put it in like all the ncy

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Speaker 4: because at that time people take it for granted. But

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Speaker 4: at that time there was no movie theaters.

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Speaker 1: It done. It wasn't done in the inner city.

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Speaker 4: So he had the foresight to put movie theaters in

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Speaker 4: the inner city that work. Then he had the foresight

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Speaker 4: to put Starbucks in the inner city that works.

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Speaker 3: So and his name alone attracted people to come to it,

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Speaker 3: not just regular patrons. I remember going just a few

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Speaker 3: years ago, it was like there was premiers. People were

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Speaker 3: having their premiers at his theater. Mission Impossible was there,

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Speaker 3: like Paul Patrol was there, Like premiers are coming just

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Speaker 3: because of the cachet of the name associated with the

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Speaker 3: person who was owning the theater. So you know, it's

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Speaker 3: an incredible story in entrepreneurship. But it's also an incredible

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Speaker 3: story in leadership. Yes, we know from being on the court,

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Speaker 3: but like, look at how he's leading in business.

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Speaker 5: And on top of it. I would say to all

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Speaker 5: my black entrepreneurs, don't let anyone make you think that

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Speaker 5: there's not opportunity or money and solely investing in or

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Speaker 5: targeting black people. Target is going through hell right now

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Speaker 5: for a few decisions, or taking us for granted, Nike

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Speaker 5: is going through hell right now for a few bad decisions.

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Speaker 5: They always want to tell us that it may not

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Speaker 5: be an ideal target market. But I think we've proven

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Speaker 5: that's not true. But if you don't believe me, believe target.

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Speaker 3: Yeah, I mean, how many quarters in a row we're

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Speaker 3: gonna have to see the target not meet the expectations.

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Speaker 1: I saw. The next one is now Dollar General. There's

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Speaker 1: a target, Well.

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Speaker 5: You better call you bet you want the clock CARTI, Stephanie,

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Speaker 5: call everybody black, you know.

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Speaker 1: Not CARDI busy right now dealing with some other stuff.

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Speaker 4: That's a fact, Solutor Cardy. But yeah, but not shout

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Speaker 4: out to shout out to Magne. Maybe once a month

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Speaker 4: we could do like a business highlight. I want somebody

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Speaker 4: that has, you know, risen to a high level of success.

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Speaker 4: And like I said, that mean, there's only a handful

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Speaker 4: of black billionaires in the United States of America from America.

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Speaker 1: And I'll talking quite a few though he's.

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Speaker 4: Number seve so he's one of the richest black people

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Speaker 4: in American history. On a low I don't think. I

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Speaker 4: don't think he gets enough credit or enough recognition. So

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Speaker 4: we got to highlight our superheroes while they're still living.

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Speaker 4: So salute the Magic Man, congratulations on achieving that billionaire status,

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Speaker 4: and keep pushing the culture forward.

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Speaker 6: An illegal alien from Guatemala charged with raping a child

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Speaker 6: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 6: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 6: filming and selling child pornography in Michigan. These are just

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Speaker 6: some of the heinous migrant criminals caught because of President

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Speaker 6: Donald J. Trump's leadership I'm Christy Noman, the United States

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Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 6: crossings are at the lowest levels ever recorded, and over

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Speaker 6: one hundred thousand illegal aliens have been arrested. If you

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Speaker 6: are here illegally, your next you will be fine nearly

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Speaker 6: one thousand dollars a day in and deported. You will

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Speaker 6: never return. But if you register using our CBP home

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Speaker 6: app and leave now, you could be allowed to return legally.

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Speaker 6: Do what's right, leave now. Under President Trump, America's laws,

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Speaker 6: border and families will be protected.

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Speaker 1: Sponsored by the United States Department of Homeland Security,