1 00:00:04,160 --> 00:00:09,600 Speaker 1: It's that time, time, time, time, luck and load. 2 00:00:11,480 --> 00:00:15,600 Speaker 2: So Michael very Show is on the air. Hey, come on, man, 3 00:00:15,800 --> 00:00:19,400 Speaker 2: wake up. I've said it for years now. He's cogent. 4 00:00:20,760 --> 00:00:23,040 Speaker 2: But I undersold him when I said he was cogent. 5 00:00:23,840 --> 00:00:27,840 Speaker 3: He's far beyond cogent. In fact, I think he's better 6 00:00:27,880 --> 00:00:28,880 Speaker 3: than he's ever been. 7 00:00:29,880 --> 00:00:32,440 Speaker 2: And f you if you can't handle the truth. 8 00:00:33,960 --> 00:00:42,160 Speaker 3: This version of Biden, intellectually, analytically is the best Biden ever, 9 00:00:42,840 --> 00:00:45,240 Speaker 3: not a close second. And I've known him for years. 10 00:00:45,479 --> 00:00:47,640 Speaker 3: The Presiskis have known him for fifty years. 11 00:00:48,159 --> 00:01:02,920 Speaker 4: If it weren't the truth, I wouldn't say you. 12 00:01:03,080 --> 00:01:09,440 Speaker 5: Were you rise sleep when time, do not cry? 13 00:01:10,080 --> 00:01:12,720 Speaker 2: And that few if you can't handle the truth, and 14 00:01:12,840 --> 00:01:15,240 Speaker 2: I will sing another body. 15 00:01:15,920 --> 00:01:19,360 Speaker 6: Joe Biden, he fell asleep today during a latest meeting 16 00:01:19,360 --> 00:01:20,560 Speaker 6: in Angola. 17 00:01:20,800 --> 00:01:22,880 Speaker 7: What do you make of him falling asleep at. 18 00:01:22,720 --> 00:01:24,280 Speaker 4: The table in front of the cameras? 19 00:01:24,440 --> 00:01:25,520 Speaker 2: Is it disappointing for you? 20 00:01:26,720 --> 00:01:29,720 Speaker 6: And Joe Biden is in Delaware sleeping right now in 21 00:01:29,720 --> 00:01:32,679 Speaker 6: one of his many estates, One of his many estates. 22 00:01:32,680 --> 00:01:35,560 Speaker 2: How did he get so many houses? He never was anything? 23 00:01:35,640 --> 00:01:51,880 Speaker 2: He was a politician. I had a fundraiser in Virginia 24 00:01:51,960 --> 00:01:52,400 Speaker 2: last night. 25 00:01:52,480 --> 00:01:56,160 Speaker 8: The President blamed his performance on jet lag, saying, quote, 26 00:01:56,200 --> 00:01:58,520 Speaker 8: I decided to travel around the world. 27 00:01:58,200 --> 00:02:00,000 Speaker 2: A couple of times. Shortly before the. 28 00:02:00,080 --> 00:02:02,800 Speaker 8: Debait, I didn't listen to my staff, and then I 29 00:02:02,840 --> 00:02:18,200 Speaker 8: almost fell asleep on stage. 30 00:02:21,000 --> 00:02:23,600 Speaker 7: When the President of the United States gets a little 31 00:02:23,720 --> 00:02:27,320 Speaker 7: unscheduled shut eye, its eye opening for the. 32 00:02:27,280 --> 00:02:30,120 Speaker 2: Press appearings had taken nap dozing. 33 00:02:30,560 --> 00:02:35,519 Speaker 7: Even climate change couldn't compete with changing time zones and jetlag. 34 00:02:35,880 --> 00:02:40,320 Speaker 7: President Biden's eyelids dropped, then flickered open, then went down 35 00:02:40,400 --> 00:02:43,240 Speaker 7: for the count. A half minute or so later, an 36 00:02:43,280 --> 00:02:47,240 Speaker 7: aide came to the rescue and roused him. After barely 37 00:02:47,320 --> 00:02:52,320 Speaker 7: catching forty winks, he clapped and rubbed. 38 00:02:52,040 --> 00:03:10,960 Speaker 2: His eyes and that you if you can't handle the truth, 39 00:03:18,240 --> 00:03:24,000 Speaker 2: you know what I'm missing. You grew up with clotheslines. 40 00:03:28,080 --> 00:03:32,200 Speaker 6: My grandmother, who I called Nanny, was the last person 41 00:03:33,280 --> 00:03:37,680 Speaker 6: that I think I knew who still had a clothesline. 42 00:03:37,720 --> 00:03:39,520 Speaker 6: I'm sure there are people listening right now that have 43 00:03:39,560 --> 00:03:44,680 Speaker 6: a clothesline, but I just remember because there was a 44 00:03:44,680 --> 00:03:47,760 Speaker 6: point at which my mom got a washer dryer, and 45 00:03:47,800 --> 00:03:50,520 Speaker 6: then she wasn't using the clothesline anymore, and that was 46 00:03:50,560 --> 00:03:54,360 Speaker 6: a big deal. I mean, forget AI and all this 47 00:03:54,440 --> 00:03:58,520 Speaker 6: stuff that was technology. Man, When you didn't have to 48 00:03:58,560 --> 00:04:01,160 Speaker 6: take the clothes out and put them on the cloth anymore. 49 00:04:02,000 --> 00:04:04,280 Speaker 6: That was a woman's dream because it was typically the 50 00:04:04,320 --> 00:04:07,040 Speaker 6: woman doing that. Of course, everybody I knew growing up, 51 00:04:07,080 --> 00:04:09,560 Speaker 6: almost everybody the woman stayed home and the husband went 52 00:04:09,560 --> 00:04:11,400 Speaker 6: to work. That was just that was the plant worker 53 00:04:11,440 --> 00:04:16,240 Speaker 6: life in Orange, Texas. But it just felt so wholesome. 54 00:04:16,640 --> 00:04:20,080 Speaker 6: You know, you got the clothes pins. Those clothes pins 55 00:04:20,080 --> 00:04:20,479 Speaker 6: are funny. 56 00:04:20,600 --> 00:04:20,920 Speaker 2: Use them. 57 00:04:21,120 --> 00:04:24,479 Speaker 6: You clip everything, clip, put it on the dog's tail, anything. 58 00:04:25,160 --> 00:04:29,760 Speaker 6: So I just remember she would have the windows open 59 00:04:29,800 --> 00:04:31,200 Speaker 6: so she didn't have to run the air conditioning. 60 00:04:31,800 --> 00:04:32,280 Speaker 2: And if a. 61 00:04:32,240 --> 00:04:36,560 Speaker 6: Breeze came through and this guy got even the slightest 62 00:04:36,600 --> 00:04:39,960 Speaker 6: turn dark, oh, we got to get up and go 63 00:04:39,960 --> 00:04:43,000 Speaker 6: get to clothes off the clothesline. You got to get 64 00:04:43,000 --> 00:04:44,520 Speaker 6: the clothes off, the clothes on so they're not out 65 00:04:44,560 --> 00:04:46,320 Speaker 6: there in the rain. Oh, that would be the end 66 00:04:46,360 --> 00:04:48,640 Speaker 6: of the world. Or if you were in town. My 67 00:04:48,640 --> 00:04:51,520 Speaker 6: grandmother didn't drive, so if you were in town, Papa 68 00:04:51,760 --> 00:04:53,680 Speaker 6: or my mom had gir her into town. I'm there 69 00:04:53,680 --> 00:04:55,520 Speaker 6: and it looks like it might rain. I got to 70 00:04:55,520 --> 00:04:59,120 Speaker 6: get home. I got clothes on the line. Uh so wholesome. 71 00:04:59,720 --> 00:05:04,760 Speaker 6: Su such a nice memory. Well, there was a one 72 00:05:04,960 --> 00:05:08,920 Speaker 6: by the name of what's her first name or last 73 00:05:09,000 --> 00:05:13,000 Speaker 6: name is? Sheila Jones. She was an Army veteran. She'd 74 00:05:13,040 --> 00:05:17,240 Speaker 6: been a member of law enforcement for over thirty years 75 00:05:17,440 --> 00:05:21,120 Speaker 6: and on April twenty first, so almost exactly a month, 76 00:05:21,800 --> 00:05:25,880 Speaker 6: near eleven fifteen Congress downtown Houston, she was working as 77 00:05:25,960 --> 00:05:30,880 Speaker 6: security at the Family Law Center when an armed suspect 78 00:05:31,360 --> 00:05:35,599 Speaker 6: identified as Parnell Bland thirty four years old, was seen 79 00:05:35,680 --> 00:05:41,359 Speaker 6: walking toward the building. Officials say four Precinct one deputies, 80 00:05:41,400 --> 00:05:45,679 Speaker 6: including Sheila Jones, chased him. Once deputies made contact with him, 81 00:05:45,800 --> 00:05:49,760 Speaker 6: a shootout happened, and it started with him firing at 82 00:05:49,760 --> 00:05:52,839 Speaker 6: them then then returning fire. Sheila Jones was struck by 83 00:05:52,839 --> 00:05:56,480 Speaker 6: a bullet during the shootout, and responding officers shot the suspect. 84 00:05:57,680 --> 00:06:02,000 Speaker 6: Apparently the bulletproof vest is what saved her life that 85 00:06:02,040 --> 00:06:06,200 Speaker 6: she was wearing. Her constables saying we're extremely proud of 86 00:06:06,240 --> 00:06:08,520 Speaker 6: you and grateful for your speedy recovery after being shot 87 00:06:08,560 --> 00:06:10,560 Speaker 6: and wounded in the line of duty this past April 88 00:06:10,960 --> 00:06:14,400 Speaker 6: while protecting Harris. The people of Harris County at the 89 00:06:14,400 --> 00:06:19,440 Speaker 6: Downtown Courthouse Complex. Well, she is back to work, so 90 00:06:19,600 --> 00:06:22,800 Speaker 6: there is good news to be told. She is back 91 00:06:22,839 --> 00:06:26,280 Speaker 6: to work and we are very happy for her. Meanwhile, 92 00:06:26,360 --> 00:06:30,040 Speaker 6: Harris County Deputies Organization says they are racing for a 93 00:06:30,160 --> 00:06:34,760 Speaker 6: mass exodus as Houston City Council likely to approve HPD 94 00:06:35,000 --> 00:06:39,440 Speaker 6: pay raises. Jose Lopez, president of the Harris County Deputies Organization, 95 00:06:39,480 --> 00:06:41,200 Speaker 6: says they're already short staffed and it will be a 96 00:06:41,240 --> 00:06:45,320 Speaker 6: whole lot worse. And what's going to happen and everyone 97 00:06:45,440 --> 00:06:47,440 Speaker 6: knows it is You're going to have all these Harris 98 00:06:47,440 --> 00:06:50,559 Speaker 6: County sheriff's deputies leave, which will make crime even worse. 99 00:06:50,640 --> 00:06:53,760 Speaker 6: ABC thirteen with the story, thank you for coming down. 100 00:06:54,480 --> 00:06:57,760 Speaker 6: We've had many conversations through the through the years. I 101 00:06:57,839 --> 00:06:59,040 Speaker 6: appreciate what y'all do. 102 00:06:59,800 --> 00:07:01,760 Speaker 9: Weeks after, the commissioners who were. 103 00:07:01,560 --> 00:07:03,960 Speaker 6: Present, thank you for being here and thank y'all for 104 00:07:04,640 --> 00:07:05,360 Speaker 6: advocating for. 105 00:07:05,360 --> 00:07:06,719 Speaker 2: This and the County judge. 106 00:07:06,800 --> 00:07:07,280 Speaker 9: I hear you. 107 00:07:07,360 --> 00:07:08,400 Speaker 3: I appreciate you. 108 00:07:08,960 --> 00:07:12,040 Speaker 9: I you have the support, saying the same tune of 109 00:07:12,080 --> 00:07:16,160 Speaker 9: support at the last Commissioner's court meeting, Harris County Deputies 110 00:07:16,240 --> 00:07:20,360 Speaker 9: Organization President Jose Lopez says only three of them have 111 00:07:20,520 --> 00:07:21,280 Speaker 9: walked the wax. 112 00:07:21,440 --> 00:07:27,560 Speaker 10: They quickly scheduled meetings and we sat down and they 113 00:07:28,040 --> 00:07:29,640 Speaker 10: heard us. 114 00:07:29,640 --> 00:07:33,480 Speaker 9: Meeting with him to discuss deputy pay raises, his membership's 115 00:07:33,640 --> 00:07:35,480 Speaker 9: most pressing issue. 116 00:07:35,640 --> 00:07:36,080 Speaker 2: He says. 117 00:07:36,080 --> 00:07:40,559 Speaker 9: Commissioner Ellis's office hasn't responded Judge Heidalgo's office. It tells 118 00:07:40,560 --> 00:07:43,720 Speaker 9: ABC thirteen they are scheduling a meeting. 119 00:07:43,960 --> 00:07:45,040 Speaker 2: Not aware of that. 120 00:07:45,120 --> 00:07:48,480 Speaker 10: If that is something that they're working on, they definitely 121 00:07:48,560 --> 00:07:50,320 Speaker 10: haven't expressed it to us. 122 00:07:50,400 --> 00:07:53,360 Speaker 9: If a police officer pay raise deal gets approved on Wednesday, 123 00:07:53,520 --> 00:07:58,080 Speaker 9: raising the base salary for HPD first year officers to seventy. 124 00:07:57,680 --> 00:08:01,320 Speaker 2: Four, over whelmed, y'all that she was overwhelmed. It was 125 00:08:01,360 --> 00:08:04,160 Speaker 2: the we got a new hope. Everybody's up to that. 126 00:08:04,800 --> 00:08:07,360 Speaker 6: I don't understand. 127 00:08:09,360 --> 00:08:12,400 Speaker 2: The numbers. Damn it all right. 128 00:08:14,920 --> 00:08:20,960 Speaker 8: This is Mark Chestnut and jar Bizaar of Talk Radio. 129 00:08:21,920 --> 00:08:25,960 Speaker 6: The Trump administration has agreed to settle a lawsuit with 130 00:08:26,040 --> 00:08:30,880 Speaker 6: the family of Ashley Babbitt, who was shot by Michael Bird. 131 00:08:31,240 --> 00:08:35,960 Speaker 6: You will recall at the Capitol on January sixth, twenty 132 00:08:36,280 --> 00:08:41,800 Speaker 6: twenty one. President Trump has referred to her as a 133 00:08:41,960 --> 00:08:45,960 Speaker 6: martyr of January sixth and I think it's fair to 134 00:08:46,000 --> 00:08:51,480 Speaker 6: say she is, she was, she still is. I think 135 00:08:51,559 --> 00:08:59,600 Speaker 6: that her death is a very very powerful motif of 136 00:08:59,600 --> 00:09:04,960 Speaker 6: what and did not happen that day, a very very 137 00:09:04,960 --> 00:09:09,880 Speaker 6: powerful motif. President Trump spoke to Vladimir Putin yesterday and 138 00:09:11,160 --> 00:09:17,199 Speaker 6: Putin had demanded that the ceasefire that Trump had hoped for, 139 00:09:18,520 --> 00:09:23,040 Speaker 6: that there would be a ceasefire while they continued negotiations, 140 00:09:23,080 --> 00:09:27,360 Speaker 6: and Putin said, no, we're still going to shell them, 141 00:09:27,600 --> 00:09:29,760 Speaker 6: We're still going to roll the tanks on them, We're 142 00:09:29,800 --> 00:09:33,200 Speaker 6: still going to make them feel the pain, obviously in 143 00:09:33,320 --> 00:09:38,400 Speaker 6: order to expedite, accelerate, and hopefully conclude the negotiations and 144 00:09:38,720 --> 00:09:43,680 Speaker 6: the war. Both Putin and Trump had very kind things 145 00:09:43,720 --> 00:09:46,880 Speaker 6: to say about each other afterwards. Putin has never spoken 146 00:09:47,160 --> 00:09:49,760 Speaker 6: well of Joe Biden, and I am not a person 147 00:09:49,800 --> 00:09:53,800 Speaker 6: who thinks we're still living in nineteen seventy three, where 148 00:09:53,800 --> 00:09:57,400 Speaker 6: we've got Khrushaw for Resnev and we have to our 149 00:09:57,440 --> 00:10:01,840 Speaker 6: president has to speak ill of the russ leader. I 150 00:10:01,880 --> 00:10:04,760 Speaker 6: am a big believer that having good relations does not 151 00:10:04,880 --> 00:10:07,920 Speaker 6: mean that you are selling out to the leader of 152 00:10:07,920 --> 00:10:11,080 Speaker 6: another nation. I still believe in diplomacy, and I think 153 00:10:11,160 --> 00:10:13,880 Speaker 6: this president practices. It better than any of the Democrats 154 00:10:13,880 --> 00:10:17,280 Speaker 6: ever did. A career criminal. This is going to be 155 00:10:17,320 --> 00:10:21,440 Speaker 6: clip number. It says ten to eleven. Ramon free on 156 00:10:21,640 --> 00:10:27,240 Speaker 6: probations in two counties. So he's committed crimes and been 157 00:10:27,240 --> 00:10:29,400 Speaker 6: put on probation in two different counties. Arrested with a 158 00:10:29,440 --> 00:10:32,560 Speaker 6: sixteen year old He had been a wanted fugitive for 159 00:10:32,760 --> 00:10:36,800 Speaker 6: six months. The relatives of one of his victims blasting 160 00:10:36,880 --> 00:10:40,199 Speaker 6: Harris County Democrat Judge Chris Morton, there's that name again, 161 00:10:41,000 --> 00:10:45,440 Speaker 6: for repeatedly releasing him on bond despite his extensive criminal 162 00:10:45,480 --> 00:10:50,360 Speaker 6: record and the threats he makes against them, the family 163 00:10:50,600 --> 00:10:51,600 Speaker 6: of the victims. 164 00:10:52,240 --> 00:10:54,360 Speaker 2: I wish Chris Morton's. 165 00:10:53,880 --> 00:10:57,280 Speaker 6: Family had to go through what his victims have to 166 00:10:57,320 --> 00:11:00,120 Speaker 6: go through so that he would change his perspective. The 167 00:11:00,160 --> 00:11:03,800 Speaker 6: man has no empathy for victims, and the man has 168 00:11:03,880 --> 00:11:05,360 Speaker 6: no sense of justice. 169 00:11:07,120 --> 00:11:08,439 Speaker 2: There is no sense of justice. 170 00:11:08,440 --> 00:11:13,480 Speaker 6: He is allowing these awful criminals to continue to terrorize people. 171 00:11:13,480 --> 00:11:16,480 Speaker 6: It's a sickness. It's a sickness. On I'm not worried 172 00:11:16,480 --> 00:11:19,240 Speaker 6: about Damien Castillo. The guy's doing this. There will always 173 00:11:19,280 --> 00:11:21,880 Speaker 6: be bad guys. Put them in a cage. The only 174 00:11:21,880 --> 00:11:23,280 Speaker 6: person who can do. That is Chris Morton. 175 00:11:23,600 --> 00:11:25,120 Speaker 2: Somebody's going to put him in a cage. 176 00:11:25,200 --> 00:11:27,480 Speaker 6: Some family member is going to end up killing this 177 00:11:27,559 --> 00:11:30,640 Speaker 6: Damien Castillo, the bad guy. Somebody is going to stop 178 00:11:30,720 --> 00:11:34,120 Speaker 6: being his crime victim and do what the States should 179 00:11:34,160 --> 00:11:36,560 Speaker 6: have done. But this Chris Morton again, and this is 180 00:11:36,559 --> 00:11:38,720 Speaker 6: exactly what Rodney makes him do. So he's a good 181 00:11:38,720 --> 00:11:40,960 Speaker 6: little boy. He's a good, good little lap dog. Just 182 00:11:41,080 --> 00:11:43,079 Speaker 6: keep putting him back out on the street. It's a sick, 183 00:11:43,240 --> 00:11:45,280 Speaker 6: sick fetish Fox twenty six for the story. 184 00:11:45,800 --> 00:11:49,480 Speaker 5: He has been a fugitive in three different counties since 185 00:11:49,520 --> 00:11:50,920 Speaker 5: October of twenty four. 186 00:11:51,120 --> 00:11:54,480 Speaker 1: He is Damian Castillo at just twenty two. He's got 187 00:11:54,600 --> 00:11:58,560 Speaker 1: quite an array of monk shots. Damien Castillo's ex a 188 00:11:58,679 --> 00:12:02,319 Speaker 1: relative send an email. They are really in fear of 189 00:12:02,400 --> 00:12:04,040 Speaker 1: him getting in and out of jail. 190 00:12:04,120 --> 00:12:06,439 Speaker 5: I don't blame him, just based on his criminal history 191 00:12:06,440 --> 00:12:10,319 Speaker 5: and his propensity to offend while he's on probation on bond. 192 00:12:10,520 --> 00:12:13,120 Speaker 1: In that email, the victim's relatives point at two hundred 193 00:12:13,120 --> 00:12:16,520 Speaker 1: and thirtieth commanders in court Judge Chris Morton. They say 194 00:12:16,559 --> 00:12:19,960 Speaker 1: Morton kept granting Castillo bond after bond. Then they say 195 00:12:20,040 --> 00:12:23,120 Speaker 1: Castille would threaten the family. Every time he got out. 196 00:12:23,360 --> 00:12:26,240 Speaker 5: He violated his probation umpteen the amount of times. He 197 00:12:26,280 --> 00:12:29,520 Speaker 5: had a lot of criminal charges, serious charges that were 198 00:12:29,600 --> 00:12:33,320 Speaker 5: ultimately dismissed at the request of the complaining witness. 199 00:12:33,520 --> 00:12:36,160 Speaker 1: In twenty twenty two, Castillo was sentenced to five years 200 00:12:36,200 --> 00:12:40,880 Speaker 1: probation for deadly conduct. His repeated probation violations and new 201 00:12:40,960 --> 00:12:44,760 Speaker 1: criminal charges hasn't caused his probation to be revoked. 202 00:12:45,200 --> 00:12:47,360 Speaker 2: Could Judge Morton have stopped all this? 203 00:12:47,720 --> 00:12:52,000 Speaker 5: You could easily argue that the bond should have been 204 00:12:52,440 --> 00:12:53,400 Speaker 5: much much higher. 205 00:12:53,559 --> 00:12:56,800 Speaker 1: Castillo was also on probation in Travis County for aggravated 206 00:12:56,840 --> 00:12:58,600 Speaker 1: assault with a deadly weapon the. 207 00:12:58,640 --> 00:13:01,520 Speaker 5: Ankle miner ends up in a land phil and that 208 00:13:01,679 --> 00:13:03,120 Speaker 5: was in October of twenty four. 209 00:13:03,320 --> 00:13:06,880 Speaker 1: On May sixth, pre Stinct four Constable Jempanies arrested Castile 210 00:13:07,200 --> 00:13:10,280 Speaker 1: for evading arrest. Deputies say he had two guns in 211 00:13:10,280 --> 00:13:12,480 Speaker 1: his possession and a sixteen. 212 00:13:12,120 --> 00:13:15,360 Speaker 5: Year old girl. I mean, he's obviously a public safety risk. 213 00:13:15,800 --> 00:13:18,120 Speaker 5: He's certainly is a risk to the victim. He's a 214 00:13:18,200 --> 00:13:21,040 Speaker 5: risk to the community, and every time you release him 215 00:13:21,280 --> 00:13:24,080 Speaker 5: he ends up back either reoffending. In one form or 216 00:13:24,080 --> 00:13:26,720 Speaker 5: fashion in other words, So hopefully this is where the 217 00:13:26,720 --> 00:13:27,720 Speaker 5: buck stops tonight. 218 00:13:28,600 --> 00:13:30,720 Speaker 1: Now, the DA's office has followed in motion. 219 00:13:30,640 --> 00:13:32,840 Speaker 2: To whole Castillo without bond. 220 00:13:33,040 --> 00:13:36,800 Speaker 1: On May twentieth, Judge Morton will decide if Castillo gets 221 00:13:37,000 --> 00:13:38,600 Speaker 1: yet another bond. 222 00:13:39,920 --> 00:13:43,880 Speaker 6: Meanwhile, the County building at eleven to eleven Fannin has 223 00:13:43,920 --> 00:13:48,800 Speaker 6: been officially renamed and the signage is up for Sheila 224 00:13:49,120 --> 00:13:53,360 Speaker 6: Jackson Lee. Is there anything more fitting than a sign 225 00:13:53,400 --> 00:13:59,520 Speaker 6: that says Harris County Sheila Jackson Lee Administration building iris 226 00:13:59,600 --> 00:14:06,520 Speaker 6: to price The Harris County government is as efficient as 227 00:14:06,520 --> 00:14:13,960 Speaker 6: Shila Jackson Lee's thoughts, as orderly as her presentation as. 228 00:14:15,280 --> 00:14:15,439 Speaker 5: Well. 229 00:14:15,480 --> 00:14:16,200 Speaker 2: You get the point. 230 00:14:16,559 --> 00:14:19,440 Speaker 6: Rodnie Ellis spearheaded the effort to name the building. This 231 00:14:19,520 --> 00:14:22,680 Speaker 6: is Uston Chronicle after Sheila Jackson Lee. He says, quote. 232 00:14:22,720 --> 00:14:29,080 Speaker 6: For nearly three decades, she served the eighteenth Congressional District 233 00:14:29,400 --> 00:14:34,960 Speaker 6: with unmatched commitment, energy and resolve. We keep hearing that 234 00:14:35,480 --> 00:14:39,920 Speaker 6: what a hard worker she was. The girl just wouldn't 235 00:14:39,960 --> 00:14:45,000 Speaker 6: give up. Whether it was championing human rights, expanding health 236 00:14:45,080 --> 00:14:51,160 Speaker 6: care access, fighting for racial and economic justice, or demanding 237 00:14:51,320 --> 00:14:57,640 Speaker 6: bold criminal justice reform. Sheila's actions were a testament to 238 00:14:57,760 --> 00:15:02,560 Speaker 6: her unwavering dedication to the cause is that she believed 239 00:15:02,560 --> 00:15:12,480 Speaker 6: in And then you've got another building that county commissioners 240 00:15:12,560 --> 00:15:15,680 Speaker 6: have recently voted to name in honor of Sylvester Turner. 241 00:15:17,280 --> 00:15:20,680 Speaker 6: There you got it, two of the stupidest, most corrupt 242 00:15:20,720 --> 00:15:24,040 Speaker 6: people to ever engage in politics in Texas. 243 00:15:24,640 --> 00:15:33,040 Speaker 2: Abilities enjoy talk radio takes me by when I was 244 00:15:33,080 --> 00:15:33,560 Speaker 2: a kid. 245 00:15:34,680 --> 00:15:36,840 Speaker 6: If you've never seen the video for this, I'm going 246 00:15:36,840 --> 00:15:40,800 Speaker 6: to assume you have because those of us from the 247 00:15:40,800 --> 00:15:44,920 Speaker 6: Golden Triangle, it's legendary because he insisted that it be 248 00:15:45,000 --> 00:15:50,160 Speaker 6: filmed in the town where he lives, Beaumont, Texas, not 249 00:15:50,280 --> 00:15:55,800 Speaker 6: in Nashville. Neither he nor Tracy Bird moved to Nashville. 250 00:15:55,800 --> 00:15:57,520 Speaker 2: They stayed in Beaumont. 251 00:15:58,240 --> 00:16:02,280 Speaker 6: And it gives a realistic sense because it's a real 252 00:16:02,320 --> 00:16:08,400 Speaker 6: place where it's being held. So I read this article 253 00:16:08,440 --> 00:16:10,320 Speaker 6: this morning. I wanted to share it with you. So 254 00:16:10,360 --> 00:16:13,280 Speaker 6: many people, so many of us, are in the oil 255 00:16:13,280 --> 00:16:14,440 Speaker 6: and gas Not me, but you. 256 00:16:15,720 --> 00:16:16,040 Speaker 2: I said. 257 00:16:16,080 --> 00:16:18,400 Speaker 6: The S and P five hundred put fears is from 258 00:16:18,440 --> 00:16:20,640 Speaker 6: the Wall Street Journal of Markets Newslet's one of the 259 00:16:20,680 --> 00:16:21,880 Speaker 6: newsletters I get every money. 260 00:16:22,160 --> 00:16:22,760 Speaker 2: The S and P. 261 00:16:22,880 --> 00:16:26,120 Speaker 6: Five hundred put fears about the trade war behind it 262 00:16:26,200 --> 00:16:31,239 Speaker 6: last week recouping all of its twenty twenty five losses. 263 00:16:32,040 --> 00:16:35,880 Speaker 6: Make sure we understand where we are. What was lost 264 00:16:36,760 --> 00:16:41,920 Speaker 6: has been regained in stock prices now without going too 265 00:16:41,960 --> 00:16:44,560 Speaker 6: far into the weeds, I am not a person that 266 00:16:44,720 --> 00:16:51,000 Speaker 6: believes that a rising stock market is necessarily a great thing, 267 00:16:51,640 --> 00:16:56,920 Speaker 6: because a stock market is buyers and sellers. So if 268 00:16:56,960 --> 00:17:00,520 Speaker 6: you are a young person coming out of school trying 269 00:17:00,560 --> 00:17:05,520 Speaker 6: to begin building a portfolio the stock, you can't buy 270 00:17:05,560 --> 00:17:09,639 Speaker 6: the dip when it's at the high it was before 271 00:17:09,680 --> 00:17:14,800 Speaker 6: Trump became president. So it's a complicated equation, but it 272 00:17:14,920 --> 00:17:19,280 Speaker 6: tends to be shorthand inefficiently or inaccurately for how well 273 00:17:19,320 --> 00:17:22,600 Speaker 6: the country's doing. But I'll take it because the perception 274 00:17:22,960 --> 00:17:29,080 Speaker 6: is for the teacher, police officer, firefighter, small businessman, plant worker. 275 00:17:29,440 --> 00:17:32,920 Speaker 6: When they get up and look online at their four 276 00:17:32,960 --> 00:17:36,040 Speaker 6: oh one k and it's back where it was, they 277 00:17:36,080 --> 00:17:38,640 Speaker 6: feel good. So Trump must be doing something right, all right. 278 00:17:39,920 --> 00:17:43,560 Speaker 6: But oil has been left in the dust and probably 279 00:17:43,600 --> 00:17:46,679 Speaker 6: won't catch up. The price of a barrel of crude 280 00:17:46,680 --> 00:17:49,399 Speaker 6: has fallen twelve percent to sixty five dollars and fifty 281 00:17:49,400 --> 00:17:52,280 Speaker 6: cents since President Trump's Liberation Day. 282 00:17:52,400 --> 00:17:54,920 Speaker 2: We wanted to end inflation, right. 283 00:17:55,600 --> 00:17:58,840 Speaker 6: Energy investors have gone from worrying that a trade war 284 00:17:58,880 --> 00:18:02,840 Speaker 6: could trigger a global recession and hurt oil demand to 285 00:18:03,000 --> 00:18:04,520 Speaker 6: fretting about supply. 286 00:18:04,880 --> 00:18:05,719 Speaker 2: There's too much of it. 287 00:18:06,320 --> 00:18:09,920 Speaker 6: The oil market already had too many barrels on its 288 00:18:09,960 --> 00:18:15,160 Speaker 6: hands this year. Remember what happens. Remember what happens if 289 00:18:15,440 --> 00:18:18,680 Speaker 6: demand remains the same and supply. 290 00:18:18,800 --> 00:18:21,200 Speaker 2: Drops, price drops. 291 00:18:22,440 --> 00:18:25,680 Speaker 6: Then Opex surprised the market in April by announcing it 292 00:18:25,720 --> 00:18:31,760 Speaker 6: would reverse its production curves faster than expected, releasing even 293 00:18:31,960 --> 00:18:36,000 Speaker 6: more oil. Opex in the hop is in the catbird 294 00:18:36,040 --> 00:18:39,800 Speaker 6: seat here because they can affect dramatically the price of 295 00:18:39,880 --> 00:18:43,400 Speaker 6: oil based on how much they release at any given time. 296 00:18:43,880 --> 00:18:47,919 Speaker 6: If they withhold, it drives the price up. If they dump, 297 00:18:48,200 --> 00:18:52,280 Speaker 6: it drives the price down. OPEK watchers were perplexed by 298 00:18:52,320 --> 00:18:55,760 Speaker 6: the timing and had competing theories about what was going on. 299 00:18:56,640 --> 00:19:00,720 Speaker 6: The Saudi lad cartel may be abandoning its year effort 300 00:19:00,840 --> 00:19:03,959 Speaker 6: to prop up the oil price to focus on winning 301 00:19:04,440 --> 00:19:09,280 Speaker 6: market share, or it is punishing members that constantly breach 302 00:19:09,400 --> 00:19:14,120 Speaker 6: their production quotas, like Kazakhstan. In other words, if Kazakhstan's 303 00:19:14,119 --> 00:19:16,240 Speaker 6: going to keep flooding the market beyond where they're supposed 304 00:19:16,240 --> 00:19:18,240 Speaker 6: to be. Then the Saudis are going to drive the 305 00:19:18,240 --> 00:19:21,520 Speaker 6: price down by releasing a bunch of oil. Another theory, 306 00:19:21,960 --> 00:19:24,960 Speaker 6: Rhad is trying to curry favor with President Trump, who 307 00:19:25,040 --> 00:19:28,919 Speaker 6: promised voters sub two dollars a gallon gasoline on the 308 00:19:29,000 --> 00:19:32,679 Speaker 6: campaign trail. Whatever the reason, it is a negative for 309 00:19:32,720 --> 00:19:36,840 Speaker 6: oil prices. If Trump can go over and get over 310 00:19:36,880 --> 00:19:40,920 Speaker 6: a trillion dollars worth of investment, if they're buying him 311 00:19:40,960 --> 00:19:43,000 Speaker 6: a four hundred million dollar plane. 312 00:19:43,160 --> 00:19:44,560 Speaker 2: If they're playing. 313 00:19:46,200 --> 00:19:50,600 Speaker 6: Ymca by the village people upon his arrival, yeah, I 314 00:19:50,640 --> 00:19:54,480 Speaker 6: think he can get them to adjust their output to 315 00:19:54,600 --> 00:19:57,840 Speaker 6: drive the price down so he can say to us, rightfully, 316 00:19:58,280 --> 00:20:01,560 Speaker 6: I gave you a gallon of gas for less. 317 00:20:01,280 --> 00:20:02,600 Speaker 2: Than two dollars. 318 00:20:03,200 --> 00:20:08,400 Speaker 6: And by the way, I will remind you in twenty twelve, 319 00:20:09,440 --> 00:20:12,920 Speaker 6: when Michelle Bachman was running for president, when we had 320 00:20:12,920 --> 00:20:15,320 Speaker 6: the whole group of them and Michelle Bokman, I think 321 00:20:15,320 --> 00:20:18,399 Speaker 6: she's from Minnesota. She's one that had fostered like almost 322 00:20:18,440 --> 00:20:21,920 Speaker 6: thirty kids. Not a lot is remembered about her campaign, 323 00:20:22,040 --> 00:20:25,720 Speaker 6: but what I remember is she said we could drive 324 00:20:25,960 --> 00:20:29,760 Speaker 6: oil prices under two dollars a gallon at the pump 325 00:20:30,000 --> 00:20:33,720 Speaker 6: for Americans and they laughed at her. Well, it ended 326 00:20:33,800 --> 00:20:41,639 Speaker 6: up happening. Unpredictable diplomacy is another wild card for investors. 327 00:20:41,960 --> 00:20:45,040 Speaker 6: The oil price fell two point four percent last Thursday 328 00:20:45,080 --> 00:20:47,000 Speaker 6: after President Trump said he is close to a deal 329 00:20:47,040 --> 00:20:51,399 Speaker 6: with Iran over its nuclear enrichment program. If they taunt 330 00:20:51,440 --> 00:20:55,520 Speaker 6: with Iran eventually leads to sanctions being lifted, even more 331 00:20:55,520 --> 00:20:58,120 Speaker 6: oil could hit the market because now the Iranis are going. 332 00:20:58,040 --> 00:20:58,720 Speaker 2: To release theirs. 333 00:20:59,520 --> 00:21:03,080 Speaker 6: The flips, according to Bernstein analyst Neil Beverage, would be 334 00:21:03,160 --> 00:21:05,800 Speaker 6: if Trump doesn't get what he wants from Tehran and 335 00:21:05,840 --> 00:21:09,440 Speaker 6: slaps additional sanctions on its oil exports. This would drain 336 00:21:09,520 --> 00:21:13,760 Speaker 6: some access supply, helping balance the market and boost energy prices. 337 00:21:14,200 --> 00:21:17,080 Speaker 6: Without the Irani oil on the market, then you're going 338 00:21:17,119 --> 00:21:20,560 Speaker 6: to have more oil released, except the White House probably 339 00:21:20,640 --> 00:21:25,639 Speaker 6: doesn't want a rally. Goldman Sachs analysts Don Struven analyze 340 00:21:25,640 --> 00:21:28,320 Speaker 6: the president's energy related social media posts since he joined 341 00:21:28,320 --> 00:21:28,760 Speaker 6: Twitter in. 342 00:21:28,680 --> 00:21:29,639 Speaker 2: Two thousand and nine. 343 00:21:29,960 --> 00:21:33,080 Speaker 6: He found that Trump is less likely to post about 344 00:21:33,080 --> 00:21:38,200 Speaker 6: oil sanctions once prices go above sixty dollars a barrel, because, 345 00:21:38,920 --> 00:21:43,080 Speaker 6: as you already know, if prices are going higher. Sanctions 346 00:21:43,160 --> 00:21:45,399 Speaker 6: would keep oil off the market, which would drive the 347 00:21:45,400 --> 00:21:50,240 Speaker 6: prices even higher. President Trump was the executive producer of 348 00:21:50,560 --> 00:21:56,000 Speaker 6: Celebrity Apprentice and The Apprentice. He understands messaging, he understands 349 00:21:56,400 --> 00:22:00,200 Speaker 6: consumption patterns, He understands the everyman better than any any 350 00:22:00,200 --> 00:22:03,480 Speaker 6: politician I've seen at that level, and he knows that 351 00:22:03,520 --> 00:22:06,920 Speaker 6: the price at the pump is going to affect people's 352 00:22:06,920 --> 00:22:09,720 Speaker 6: mindset as to whether the cost of living has gone 353 00:22:09,760 --> 00:22:14,840 Speaker 6: too high. The posts also suggest that his preferred oil prices, 354 00:22:14,880 --> 00:22:19,720 Speaker 6: based on benchmark US WTI prices, is between forty dollars 355 00:22:19,760 --> 00:22:23,320 Speaker 6: and fifty dollars a barrel. Energy makes up nine or 356 00:22:23,480 --> 00:22:27,520 Speaker 6: energy makes up eight percent of the US inflation basket. 357 00:22:28,119 --> 00:22:32,040 Speaker 6: A lower oil price could offset some of the inflation 358 00:22:32,600 --> 00:22:37,520 Speaker 6: that tariffs are expected to cause, easing strain on American consumers. 359 00:22:38,320 --> 00:22:41,959 Speaker 6: A rebound in the oil price looks unlikely if the 360 00:22:41,960 --> 00:22:46,320 Speaker 6: White House sees low energy costs as a safety valve 361 00:22:46,840 --> 00:22:53,400 Speaker 6: for chaotic trade policies. It's going to be interesting because 362 00:22:54,960 --> 00:22:56,960 Speaker 6: I wish I could show you the chart. We'll post 363 00:22:56,960 --> 00:22:59,240 Speaker 6: it in the blast today, but it shows the S 364 00:22:59,280 --> 00:23:03,720 Speaker 6: and P five hundred on upward trajectory and rent food 365 00:23:03,800 --> 00:23:07,280 Speaker 6: futures most active down dramatically, but it's good for us 366 00:23:07,280 --> 00:23:10,240 Speaker 6: at the pump. This is Tracy Baird and welcome to 367 00:23:10,280 --> 00:23:13,720 Speaker 6: the lifestyles of the not so rich and famous are as. 368 00:23:13,760 --> 00:23:23,399 Speaker 2: I call it the Michael Berridge Show because man, that 369 00:23:23,480 --> 00:23:29,359 Speaker 2: says paris okay. 370 00:23:30,119 --> 00:23:39,760 Speaker 6: Two stories that I think have an interesting contrast. The 371 00:23:39,800 --> 00:23:43,639 Speaker 6: growth that is occurring in the greater Houston area is 372 00:23:43,680 --> 00:23:48,280 Speaker 6: not what's called infill growth. It's not growth in the 373 00:23:48,320 --> 00:23:54,640 Speaker 6: downtown or Midtown or Washington Corridor. It's not in Uptown. 374 00:23:54,720 --> 00:24:00,520 Speaker 6: It's not in Near Town or Upper Kirby or green Point. 375 00:24:01,880 --> 00:24:07,800 Speaker 6: It is development that is almost exclusively occurring outside the 376 00:24:07,800 --> 00:24:15,679 Speaker 6: Beltway and beyond. The Woodlands has seen a massive amount 377 00:24:15,720 --> 00:24:19,680 Speaker 6: of growth and development over the last thirty years at 378 00:24:19,720 --> 00:24:24,440 Speaker 6: the expense of Houston. But I saw something interesting headline 379 00:24:24,800 --> 00:24:29,439 Speaker 6: Howard Hughes buys vacant office tower in the Woodlands for 380 00:24:29,560 --> 00:24:33,800 Speaker 6: sixteen point three million dollars. Howard Hughes Holdings is publicly 381 00:24:33,840 --> 00:24:39,280 Speaker 6: traded hhh is a is a big, big player in 382 00:24:39,520 --> 00:24:44,560 Speaker 6: the Woodlands. Like George Mitchell big It says they have 383 00:24:44,600 --> 00:24:47,320 Speaker 6: acquired a vacant building that will add to their growing 384 00:24:47,359 --> 00:24:51,719 Speaker 6: portfolio in the center of the Woodlands. The developer acquired 385 00:24:52,080 --> 00:24:55,040 Speaker 6: one oh one oh one Woodlock Forest Drive, formerly known 386 00:24:55,040 --> 00:24:58,000 Speaker 6: as the McKesson Building, for sixteen million dollars. Class A 387 00:24:58,040 --> 00:25:00,760 Speaker 6: building with two hundred thousand square feet of available office space, 388 00:25:00,800 --> 00:25:04,760 Speaker 6: will be renamed seven Waterway. The deal closed last week, 389 00:25:04,800 --> 00:25:08,720 Speaker 6: according to JLL major real estate company. The eight story 390 00:25:08,720 --> 00:25:11,760 Speaker 6: building sits on one point six acres seven hundred available 391 00:25:11,760 --> 00:25:14,960 Speaker 6: parking spaces in an adjacent garage. The garage is owned 392 00:25:14,960 --> 00:25:17,879 Speaker 6: by Howard Hughes Holdings under a perpetual parking agreement. The 393 00:25:17,960 --> 00:25:21,200 Speaker 6: newly purchased office towers across the street from Waterway Plaza two, 394 00:25:21,520 --> 00:25:25,800 Speaker 6: which Howard Hughes bought four nineteen point two million last June. 395 00:25:26,600 --> 00:25:30,720 Speaker 6: So I added to thinking it seemed odd an entire 396 00:25:30,800 --> 00:25:35,639 Speaker 6: office building two undred thousand square feet vacant in the Woodlands, 397 00:25:36,480 --> 00:25:37,760 Speaker 6: and it was built in two. 398 00:25:37,560 --> 00:25:40,240 Speaker 2: Thousand and nine. This is not an old building. 399 00:25:41,000 --> 00:25:43,920 Speaker 6: It was known as the McKesson Building for over a decade, 400 00:25:44,560 --> 00:25:50,919 Speaker 6: and US Oncology, a cancer care provider which is owned 401 00:25:51,000 --> 00:25:55,399 Speaker 6: by McKesson, was the primary, if not sole, tenant, So 402 00:25:55,440 --> 00:26:01,000 Speaker 6: they move out. Howard Hughes' Holdings has an interest in 403 00:26:01,359 --> 00:26:06,080 Speaker 6: preventing a large office building from going bad in the 404 00:26:06,080 --> 00:26:09,359 Speaker 6: Woodlands to protect their own investment. I don't know if 405 00:26:09,359 --> 00:26:12,399 Speaker 6: that's why they did it or not. You know, my 406 00:26:13,160 --> 00:26:16,119 Speaker 6: curiosity is not what is the state of the market 407 00:26:16,160 --> 00:26:20,359 Speaker 6: today visa v yesterday or tomorrow, our rates up or down. 408 00:26:21,080 --> 00:26:23,960 Speaker 6: What I'm more interested in is the overall trend of 409 00:26:24,440 --> 00:26:25,720 Speaker 6: are people going to go. 410 00:26:25,760 --> 00:26:26,800 Speaker 2: Back to offices? 411 00:26:27,240 --> 00:26:32,560 Speaker 6: Obviously some are, but what percentage of jobs are never 412 00:26:32,600 --> 00:26:35,480 Speaker 6: going back to an office at all? What percentage of 413 00:26:35,520 --> 00:26:39,720 Speaker 6: companies are going to shrink their footprint and that that 414 00:26:39,800 --> 00:26:43,159 Speaker 6: will never go back, and what percentage of the next 415 00:26:43,320 --> 00:26:47,919 Speaker 6: phase of companies coming out will never actually grow office 416 00:26:47,920 --> 00:26:52,480 Speaker 6: space beyond twenty thousand square feet or whatever. I read 417 00:26:52,560 --> 00:26:56,800 Speaker 6: Uston Business Journal every day for big tenant movings, and 418 00:26:56,840 --> 00:27:03,680 Speaker 6: I will tell you that Withinway Plaza, Downtown, Energy Corridor, 419 00:27:04,200 --> 00:27:07,800 Speaker 6: and Uptown, it seems to me that the group that 420 00:27:07,920 --> 00:27:11,600 Speaker 6: is making the most moves in office space is law firms. 421 00:27:12,280 --> 00:27:14,080 Speaker 2: And I would argue that's probably. 422 00:27:13,720 --> 00:27:18,840 Speaker 6: Not typical, not what it would have been before. But 423 00:27:18,920 --> 00:27:21,520 Speaker 6: in any case, here's the part I thought was interesting. 424 00:27:22,000 --> 00:27:25,080 Speaker 6: The Woodlands continues to be one of the stronger sub 425 00:27:25,119 --> 00:27:28,359 Speaker 6: markets of the Houston area. In the first quarter, the 426 00:27:28,400 --> 00:27:32,760 Speaker 6: Woodlands had a fifteen point eight percent office vacancy rate, 427 00:27:32,880 --> 00:27:37,879 Speaker 6: so one in six square feet was vacant. I don't 428 00:27:37,920 --> 00:27:40,800 Speaker 6: know what that compares to for the Woodlands in the past, 429 00:27:41,480 --> 00:27:45,920 Speaker 6: but that is more than twelve percentage points lower than 430 00:27:46,000 --> 00:27:50,200 Speaker 6: Houston's overall rate of twenty seven point nine, which means 431 00:27:50,240 --> 00:27:53,320 Speaker 6: Houston's basically at twenty eight percent, which is almost a third. 432 00:27:54,160 --> 00:27:57,720 Speaker 6: That has to be historically, that has to go back 433 00:27:57,720 --> 00:28:01,920 Speaker 6: to early eighties, you know, oil crisis, stay alive till 434 00:28:01,960 --> 00:28:07,440 Speaker 6: eighty five level vacancy rates. However, the sub market's net 435 00:28:07,600 --> 00:28:11,960 Speaker 6: absorption was negative one hundred nine eight hundred and fifty 436 00:28:12,000 --> 00:28:15,160 Speaker 6: five negative one hundred ten thousand square feet for Q 437 00:28:15,240 --> 00:28:20,520 Speaker 6: one I. The Houston economy, in the greater Houston economy 438 00:28:20,760 --> 00:28:25,080 Speaker 6: is doing fine. This tells me that you are seeing 439 00:28:25,280 --> 00:28:29,960 Speaker 6: a reckoning in terms of a cultural pattern that a 440 00:28:30,000 --> 00:28:33,119 Speaker 6: lot of people are in companies are not going back 441 00:28:33,440 --> 00:28:37,040 Speaker 6: to office spaces, and if they do, they're shrinkage. They're 442 00:28:37,040 --> 00:28:40,640 Speaker 6: going to have flex space where you go into an office, 443 00:28:40,680 --> 00:28:43,360 Speaker 6: but it's not a dedicated office. The old days of 444 00:28:43,440 --> 00:28:47,920 Speaker 6: everybody having an office, even if you know your semi retired. 445 00:28:48,120 --> 00:28:49,160 Speaker 2: I think you're seeing that. 446 00:28:49,280 --> 00:28:52,280 Speaker 6: I think you're seeing the cost of real estate as 447 00:28:52,320 --> 00:28:55,800 Speaker 6: an expense to a company shrinking. And I think it's 448 00:28:55,840 --> 00:28:59,680 Speaker 6: part of a bigger trend of the way labor is 449 00:28:59,760 --> 00:29:04,480 Speaker 6: viewed as a massive expense labor and the cost of 450 00:29:04,520 --> 00:29:07,160 Speaker 6: the real estate for each person to have the perks 451 00:29:07,200 --> 00:29:10,680 Speaker 6: of their own office and a kitchen for the group, 452 00:29:10,720 --> 00:29:13,040 Speaker 6: and all that. I think you're seeing that shrink and 453 00:29:14,040 --> 00:29:18,720 Speaker 6: go away altogether. Now add to that a little different 454 00:29:18,760 --> 00:29:24,240 Speaker 6: story headline one billion dollar town center development planned for Magnolia. 455 00:29:25,240 --> 00:29:28,600 Speaker 2: This is the equivalent of. 456 00:29:28,640 --> 00:29:32,640 Speaker 6: The town park and shopping district in Magnolia, which used 457 00:29:32,680 --> 00:29:37,920 Speaker 6: to be almost exclusive, exclusively residential. I think what you're 458 00:29:37,920 --> 00:29:43,800 Speaker 6: seeing here again bigger cultural tectonic changes, is people in 459 00:29:43,880 --> 00:29:47,719 Speaker 6: Magnolia no longer want to go into town to go 460 00:29:47,720 --> 00:29:50,240 Speaker 6: to dinner, to go to a show, to go to 461 00:29:50,840 --> 00:29:55,360 Speaker 6: an outdoor concert. What you're seeing is that Magnolia has 462 00:29:55,440 --> 00:29:58,200 Speaker 6: hit a critical mass, much to the chagrin of people 463 00:29:58,200 --> 00:30:00,880 Speaker 6: who lived there before and don't like to change. What 464 00:30:01,000 --> 00:30:03,440 Speaker 6: you're seeing, just as you did in sugar Land, just 465 00:30:03,480 --> 00:30:05,680 Speaker 6: as you did in the Woodlands, is these people don't 466 00:30:05,680 --> 00:30:08,280 Speaker 6: want to come into the city anymore. And that's going 467 00:30:08,320 --> 00:30:12,120 Speaker 6: to further hurt the city of Houston, which crime being 468 00:30:12,120 --> 00:30:16,120 Speaker 6: the number one issue. People don't want to come into 469 00:30:16,160 --> 00:30:18,480 Speaker 6: the city anymore. And you're going to see more and 470 00:30:18,560 --> 00:30:22,000 Speaker 6: more of this sort of thing, a billion dollar town 471 00:30:22,080 --> 00:30:25,720 Speaker 6: center development in Magnolia. You've got people in sugar Land 472 00:30:25,800 --> 00:30:28,240 Speaker 6: with their own town center, You've got the Woodlands with 473 00:30:28,280 --> 00:30:34,280 Speaker 6: their got It's going to hurt. It's going to hurt 474 00:30:34,320 --> 00:30:35,840 Speaker 6: the city of Houston. I'm trying to get too much 475 00:30:35,840 --> 00:30:37,880 Speaker 6: into this segment, but I think you can see the 476 00:30:37,880 --> 00:30:38,480 Speaker 6: trend here. 477 00:30:39,240 --> 00:30:39,960 Speaker 2: You're going to be. 478 00:30:40,000 --> 00:30:44,600 Speaker 6: Left, as you have with Chicago Detroit. You're going to 479 00:30:44,600 --> 00:30:47,200 Speaker 6: be left with a hull in the middle that is 480 00:30:47,360 --> 00:30:47,920 Speaker 6: burned out.