WEBVTT - Mark Cuban Talks Harris Tax, Eco Policies

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio.

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<v Speaker 2>News, Kamala Harris outraising Donald Trump by nearly five to

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<v Speaker 2>one among big donors in the final stages of the campaign.

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<v Speaker 2>One wealthy individual supporting Harris is Mark Cuban, the minority

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<v Speaker 2>owner of the Dallas Mavericks. And I'm pleased to say

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<v Speaker 2>that Mark joined us now. Mark, welcome to the program.

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<v Speaker 2>We spoke to a Trump campaign advisor a little bit

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<v Speaker 2>earlier this morning, and I want to start with you

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<v Speaker 2>in a similar way that I started with him, which

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<v Speaker 2>is basically, I'm waking up this morning. I'm a swing

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<v Speaker 2>state voter. I'm in Pennsylvania State, and I still haven't

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<v Speaker 2>decided who I'm going to vote for. And I'm thinking

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<v Speaker 2>back to how Harris talked about in twenty nineteen that

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<v Speaker 2>she wanted to banfracking. I understand she's changed her mind,

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<v Speaker 2>but I'm worried that she's a bit of a shape shift,

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<v Speaker 2>that she gets back into power and she'll change her

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<v Speaker 2>mind again. How do you settle those concerns?

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<v Speaker 1>The world's changed since twenty nineteen.

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<v Speaker 3>She's open minded, She's talked openly about the fact that

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<v Speaker 3>she wants to given descending opinions A place at the

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<v Speaker 3>table with her. She's not dogmatic, That's how you explain it,

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<v Speaker 3>and she's looking to put together the best policy. She

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<v Speaker 3>said in twenty twenty that she supported fracking, So I

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<v Speaker 3>think that's a non issue.

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<v Speaker 1>And in terms of you know, is she just an

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<v Speaker 1>extension of Biden?

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<v Speaker 3>Just look at Biden's budget proposal versus what Kamala Harris

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<v Speaker 3>is actually proposed.

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<v Speaker 1>Biden wanted much higher taxes.

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<v Speaker 3>Kamala Harris came in twenty eight percent for tax rate

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<v Speaker 3>for cap gains and twenty eight percent for corporation and

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<v Speaker 3>did not say a word and will not say a word.

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<v Speaker 1>About unrealized capital gains.

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<v Speaker 3>And so I think she's completely different. She's not a

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<v Speaker 3>shape shift in the least bit.

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<v Speaker 4>Well, that individual we were speaking to, Scott Bessant, this

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<v Speaker 4>key economic policy advisor to the Trump campaign, says that Harris,

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<v Speaker 4>what he hears from a lot of Wall Street journals,

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<v Speaker 4>that she would be moderated by a Republican Senate and

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<v Speaker 4>that's why Wallstreet would be willing to vote for her,

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<v Speaker 4>because of that moderating effect that she would get from

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<v Speaker 4>a red Senate. Is there any truth to that?

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<v Speaker 3>Yeah, of course, I mean, balance is not a bad

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<v Speaker 3>thing necessarily. I'm not opposed to a divide in Congress,

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<v Speaker 3>you know. But theom line is what will Kamala Harris do?

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<v Speaker 3>And I think she's better for the economy in so

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<v Speaker 3>many ways. You know, there's three hundred and thirty five

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<v Speaker 3>million people in this country. Four million make four hundred

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<v Speaker 3>thousand dollars or more.

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<v Speaker 1>The other three hundred and thirty million make less.

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<v Speaker 3>Is she has been very specific that if you make

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<v Speaker 3>four hundred thousand dollars or less, your taxes aren't going up.

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<v Speaker 3>In fact, for one hundred million people, they're going down.

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<v Speaker 3>The other big expense that every household is fearful of

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<v Speaker 3>is healthcare expenses. Donald Trump has said he has a

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<v Speaker 3>concept of a plan. Kamala Harris has been very specific

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<v Speaker 3>on the pharmaceutical side, saying she's going after the pharmacy benefit.

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<v Speaker 1>Managers, the middlemen, and she'll introduce transparency.

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<v Speaker 3>I know from my own personal experiences with costplus drugs

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<v Speaker 3>that'll lead to a twenty thirty percent or more deduction

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<v Speaker 3>in the cost of medications for households and businesses.

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<v Speaker 1>And then you've got teriffs.

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<v Speaker 3>As Michael I think it was said earlier, tariffs are

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<v Speaker 3>a bad idea.

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<v Speaker 4>I mean, it's so bad, then why did Biden and

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<v Speaker 4>Kamala Harris keep them?

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<v Speaker 1>They keep good. Trouble about that, right, because that's not

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<v Speaker 1>completely that's not completely accurate. First look at the EU.

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<v Speaker 3>They Biden side the deal saying that there would be

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<v Speaker 3>no terriffs between the two EU and.

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<v Speaker 1>The United States for the next five years.

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<v Speaker 3>So those terraffs are gone. And then you look at

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<v Speaker 3>what Trump tried to introduce. He had four years to

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<v Speaker 3>try to implement teriffs at work, and he got his

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<v Speaker 3>butt kicked by China.

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<v Speaker 1>The retaliatory terriffs almost destroyed the soybean in the farming

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<v Speaker 1>industry and he had to pay out twenty million dollars.

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<v Speaker 3>But as it applies to households, right, he's talking about

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<v Speaker 3>a sixty percent across the board terraffs for Chinese imports.

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<v Speaker 1>China makes just about every.

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<v Speaker 3>Christmas present that we buy for a kid, so families

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<v Speaker 3>would be looking at a sixty percent or more increase

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<v Speaker 3>and what they'd spend on Christmas, and the downstream impact

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<v Speaker 3>of that would be significant to small and large businesses.

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<v Speaker 4>Mark, let's talk about something you've been very vocal on.

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<v Speaker 4>This is regulation You've said that you don't think Harry

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<v Speaker 4>should keep Lena Khan at the head of the FTC.

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<v Speaker 4>On and Alexandro Cassio Cortes, the congresswoman from New York,

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<v Speaker 4>went to Twitter and she said, billionaires like you Mark

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<v Speaker 4>are trying to play foot seat with the ticket. If

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<v Speaker 4>anyone goes near Lena kh there will be quote an

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<v Speaker 4>out and out brawl. Where is Harris when it comes

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<v Speaker 4>to things like the FTC.

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<v Speaker 1>I don't know. I haven't talked about personnel with her

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<v Speaker 1>or her team. I have no intention about talking about personnel.

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<v Speaker 1>You know. I was asking a question.

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<v Speaker 3>About what I thought about the FTC, and I thought that,

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<v Speaker 3>you know, the possibility of breaking up the big technology

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<v Speaker 3>companies would be a negative because I think, you know,

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<v Speaker 3>winning the AI battle for the United States is paramount

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<v Speaker 3>from military in and economic perspective. So I voiced my opinion.

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<v Speaker 3>But I'm not involved in those conversations at all.

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<v Speaker 5>But it really raises this ultimate question, which is what

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<v Speaker 5>policies will she follow. She's been engaging with AOC quite

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<v Speaker 5>a bit in terms of the campaign trail, and there's

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<v Speaker 5>a real question of how much there will be an

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<v Speaker 5>effort to cater to the further left sides of the

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<v Speaker 5>Democratic wing versus the sort of centrist appeal that she's

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<v Speaker 5>been trying to have. How much are you actually getting

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<v Speaker 5>confidence that she's going to have business executives in abent

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<v Speaker 5>positions in top areas where she really is listening to

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<v Speaker 5>what they have to say.

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<v Speaker 1>I talk to her campaign almost every day. I'm one

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<v Speaker 1>hundred percent certain. I'm much as confident. I'm certain that

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<v Speaker 1>that's what they're going to do.

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<v Speaker 3>I've been on the trail with Doug Amhoff, who, as

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<v Speaker 3>part of his presentation, talks.

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<v Speaker 1>About what a capitalist she is.

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<v Speaker 3>She's talked about, you know, wanting to create twenty five

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<v Speaker 3>million new businesses.

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<v Speaker 1>That's not a reflection of anything far left.

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<v Speaker 3>One of the first things she did was introduce a

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<v Speaker 3>tax deduction or increase the tax deduction for startup cost

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<v Speaker 3>to fifty thousand dollars.

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<v Speaker 1>That's very important.

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<v Speaker 3>She recognizes that if the thirty three million companies in

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<v Speaker 3>this country, ninety nine percent are passed through, ninety nine

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<v Speaker 3>percent are.

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<v Speaker 1>Run by people making four hundred k or less.

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<v Speaker 3>Those small businesses are what drive the economy. They create

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<v Speaker 3>most of the new jobs every single year. So she's

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<v Speaker 3>focused on an opportunity economy.

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<v Speaker 1>I don't think she can be any more clear.

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<v Speaker 5>Mark, do you think that this campaign for Kamala Harris

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<v Speaker 5>could have done more to reach out to the mail voter.

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<v Speaker 5>This seems to be an election that is unique in

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<v Speaker 5>just how bifurcated the male and the female vote really

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<v Speaker 5>has been. There were some questions around Joe Rogan and

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<v Speaker 5>how to appeal to the male vote and how to

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<v Speaker 5>really bring the genders together. What's your take on this

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<v Speaker 5>campaign's approach to that.

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<v Speaker 1>I think it was very data driven.

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<v Speaker 3>I mean, women have a high propensity of voting, and

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<v Speaker 3>you know, with all with reproductive rights and other issues

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<v Speaker 3>that were geared towards women, I think she did a

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<v Speaker 3>great job of connecting to them.

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<v Speaker 1>You know, maybe she didn't.

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<v Speaker 3>She didn't do everything she could have with men, but

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<v Speaker 3>that's okay because she went to.

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<v Speaker 1>The people who are going to vote more.

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<v Speaker 3>You go, you know, as a business person, you go

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<v Speaker 3>to the people you have the best opportunity to sell to,

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<v Speaker 3>who's going to buy your product.

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<v Speaker 1>Who's going to vote for you.

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<v Speaker 3>In this particular case, and the fact that she's only

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<v Speaker 3>been in the race fourteen weeks and she's caught up

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<v Speaker 3>completely and now I believe pastor and will win today.

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<v Speaker 1>I think she's done the exact right thing, Mack.

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<v Speaker 2>Speaking of business and product, there's a famous squad from

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<v Speaker 2>Michael Jordan, which I'm sure you know well. Republicans by

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<v Speaker 2>snake is too and raised the question about you, and

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<v Speaker 2>I wanted to ask you about this from man who's

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<v Speaker 2>got a line of businesses, why was this important to

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<v Speaker 2>you to put your name and reputation on the line

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<v Speaker 2>and really get deep into politics when ultimately Republicans by

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<v Speaker 2>sneakers too.

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<v Speaker 1>So I'm not going to get deep into politics, but

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<v Speaker 1>I think this. You know, this is a close election

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<v Speaker 1>for a reason, and I think.

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<v Speaker 3>Kamala Harris will be the best president and is a

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<v Speaker 3>better choice than Donald Trump.

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<v Speaker 1>It's that simple. I mean, I love this country. I'm

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<v Speaker 1>in this position because of everything this country has given me.

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<v Speaker 3>I'm blessed, and I thought, you know, I truly believe

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<v Speaker 3>that she will be the better president for the United

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<v Speaker 3>States of America and that's the only reason I'm doing this.

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<v Speaker 2>Well, thanks for sharing your time with this this morning.

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<v Speaker 2>We appreciate it, Mark, and hopefully we can can't sha

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<v Speaker 2>up against soon. Mark Cuban that on the latest campaign

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<v Speaker 2>effort from the Harris Campaign