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Speaker 1: This is a miracle. There is no question that there

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Speaker 1: are problems in this country between police and community. Yes,

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Speaker 1: you are a donkey to the latest on that police

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Speaker 1: killing of a black man not a new development in

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Speaker 1: the deathly Spas shooting rampage. Yes, it was a really

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Speaker 1: bad day for him and this is what he did,

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Speaker 1: and so we are in a state of emergency. Okay.

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Speaker 1: White suprematist violence is always has been the number one

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Speaker 1: threat to otracide. But I'm also very proud that my

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Speaker 1: wife was white because the practice club bitches. All right,

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Speaker 1: please tell me why was I your donkey of the day. Wow.

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Speaker 1: Donkey of the Dave goes to the fourteen Republican lawmakers

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Speaker 1: who voted against making June team for national holiday. Where

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Speaker 1: do I even begin with this? First of all, let

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Speaker 1: me give you their names. Andy Biggs of Arizona, Mole

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Speaker 1: Brooks of Alabama, Andrew Clyde to Georgia's Scott Dessarles of Tennessee,

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Speaker 1: Paul Goser of Arizona, Ronnie Jackson of Texas, Dougla Maot

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Speaker 1: full of californ On your Thomas Massey of Kentucky, Tom Mclickintock, No,

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Speaker 1: Tom McLintock of California, Ralph Norman in South Carolina, Mike

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Speaker 1: Rodgers at Alabama, Matt Rosendale of Montana, Chip Roy of Texas,

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Speaker 1: and a man with two first names, Tom Tiffany of Wisconsin.

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Speaker 1: That's a great name if you're a gender fluid Tom Tiffany.

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Speaker 1: I can taste all of manna's in my mouth right now,

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Speaker 1: so much sodium. But all those individuals voted against making

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Speaker 1: June teenth a US federal holiday commemorating the end of

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Speaker 1: slavery in the United States. Now they don't matter because

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Speaker 1: the House overwhelmingly passed the bill and it has been

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Speaker 1: signed into law by President Joe Biden. Let's go to

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Speaker 1: ABC seven and wife of the report, please President Biden

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Speaker 1: making it official. For the first time since nineteen eighty three,

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Speaker 1: there's a new federal holiday on the calendar. June teenth

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Speaker 1: has been known by many names, Jubilee Day, Freedom Day,

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Speaker 1: Liberation Day, Emancipation Day, and today a national holiday. June

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Speaker 1: team marks the date that the last enslaved African Americans

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Speaker 1: were granted their freedom. This is a day profound and

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Speaker 1: might be profound weight and profound power, day in which

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Speaker 1: you remember the moral stained a terrible toll as slavery

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Speaker 1: took on the country and continues to check. Now, why

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Speaker 1: am I giving these fourteen Republicans who voted against making

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Speaker 1: June teenth or national holiday, donkey of the day. It's

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Speaker 1: because I think it's very important to highlight these individuals

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Speaker 1: because it shows you that white supremacy racism never take

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Speaker 1: a day off. They are always actively fighting against us. Okay,

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Speaker 1: they are so against any type of black progress that

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Speaker 1: they wouldn't even vote to give themselves an extra day off.

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Speaker 1: You know how racist you have to be to not

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Speaker 1: want an extra day off. You shouldn't let your prejudices

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Speaker 1: and biases stop you from practicing self care. We all

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Speaker 1: know vacation days are a form of self care. So

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Speaker 1: why would you stop yourself from getting an extra vacation day,

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Speaker 1: from getting the time off you deserve. I'll tell you why.

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Speaker 1: Because these people are committed to make sure to making

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Speaker 1: sure your black hats don't get nothing. Okay, I tell

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Speaker 1: folks don't practice bad habits, and that's what these fourteen

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Speaker 1: Republican lawmakers did. They're not practicing bad habits. They used

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Speaker 1: to voting against black people in black issues. They're not

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Speaker 1: gonna start voting for US. Now, okay, I bet you

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Speaker 1: would vote to make National Maynnaid's Day a federal holiday. Though, Okay,

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Speaker 1: you human jaws of Hellman's are tired of sharing National

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Speaker 1: Manonaid's Day with Singo to Mayo, aren't you. Oh that's

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Speaker 1: a snapple fact. You didn't know National Maynonaid's Day is

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Speaker 1: on the fifth of May. So when you see certain

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Speaker 1: white people out celebrating on Sinko to Mayo and they

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Speaker 1: got Mayonnaids on their tacos, now you know why. Okay,

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Speaker 1: I bet you would vote to make National Maynad's Day

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Speaker 1: of federal holiday as long as they're moving from May fifth,

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Speaker 1: because you don't want the Mexicans to have any joy either.

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Speaker 1: But let's focus why did the fourteen Republican lawmakers vote

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Speaker 1: against Juneteenth. I mean, we can all assume the real reasons, right, racism, bigotry, prejudice,

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Speaker 1: the usual, but let's humor them and listen to some

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Speaker 1: of their reasoning. This is Andy Biggs of Arizona explaining

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Speaker 1: why he voted against it. The Democrats labeled a juneteenth

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Speaker 1: National Independence Day, and what it is really is the

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Speaker 1: Emancipation Day. They could have made this a really harmonious

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Speaker 1: celebratory bill, because I think everybody would have passed this

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Speaker 1: thing out unanimously if they would have taken this through committee,

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Speaker 1: and they would have changed the name to June tenth

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Speaker 1: National Emancipation Day. But they've weaponized this bill like like

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Speaker 1: they weaponize everything else they want to divide. And that's

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Speaker 1: just a shame, because I support the celebration of June

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Speaker 1: tenth the name. You agree with what the bill is

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Speaker 1: about the emancipation of the slaves, but since you disagree

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Speaker 1: with the name, you're voting against it. I will never

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Speaker 1: understand how people who don't have lips can give so

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Speaker 1: much lip service. I mean, Andy sat there and said,

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Speaker 1: you agree with you, you know, emancipation of the slaves.

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Speaker 1: You agree this moment should be commemorated, but you don't

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Speaker 1: agree with the name. If you don't like black people,

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Speaker 1: just say it. Bro Chip Royer, Texas released a statement.

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Speaker 1: I have a transcript of it, and he said, this

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Speaker 1: name needlessly divided our nation on a matter that shoot

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Speaker 1: instead bring U gathered by creating a separate Independence Day

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Speaker 1: based on the color of one skin. Chip Listen to me,

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Speaker 1: America is a melting pot. It is so many ethnicities

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Speaker 1: in this country that all make this country what it is.

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Speaker 1: So the data enslaves were emancipated should be a great

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Speaker 1: day for all Americans. Okay, the emancipace and the slave

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Speaker 1: should be celebrated simply because this country promises freedom, liberty,

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Speaker 1: and justice for all. You can't have that if you

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Speaker 1: have a group of Americans and I put Americans in

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Speaker 1: air quotes in bondage. Okay, not to mention, this country

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Speaker 1: has plenty of cultural holidays and heritage celebrations. If June

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Speaker 1: Team is considered an ethnic holiday, so what. Okay, let

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Speaker 1: us the sentence of the enslaves celebrate and y'all just

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Speaker 1: enjoy the day off. If you want to be mad

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Speaker 1: on your day off and post why June Team shouldn't

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Speaker 1: be a national holiday, fine, but at least enjoyed the

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Speaker 1: day off. Hell, we do it all the time. White

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Speaker 1: man's holidays happen. We get the day off, we get

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Speaker 1: on social media and remind y'all you know, in the

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Speaker 1: words of Frederick Douglas, what to the slave is the

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Speaker 1: fourth of July. Hey, we're not enslaved anymore unless you're

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Speaker 1: in prison. But I think we all know what that

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Speaker 1: what Frederick Douglass said then still stands true now because

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Speaker 1: it's hypocritical for a nation to celebrate its independence, it's freedom,

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Speaker 1: yet doesn't bestow all those same freedoms to everybody. Okay,

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Speaker 1: we know this, all right, We know Fourth of July

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Speaker 1: not about us, but we still take the day off

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Speaker 1: and go to a great cookout. Okay, the real story

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Speaker 1: behind Thanksgiving as dark as hell. America loves Thanksgiving parades, food,

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Speaker 1: but that's through the lenus of a colonizer asking Native

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Speaker 1: American their perspective. It's origins were a murder, okay, a

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Speaker 1: massacre that killed hundreds of Native Americans, and to them

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Speaker 1: Thanksgiving as just a reminder of said murder in the

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Speaker 1: systemic racism and oppression that Native Americans still go through

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Speaker 1: in this country. But guess what, they still take the

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Speaker 1: day off. Okay, if we have learned to live with

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Speaker 1: the holidays we don't like in this country, so can y'all. Okay,

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Speaker 1: I know the problem though, I know the problem. See

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Speaker 1: the reason these fourteen Republicans don't want the day off,

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Speaker 1: because what do we do on these days off? On

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Speaker 1: these holidays? We eat? If these fourteen Republicans who voted

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Speaker 1: against June. Team family knew how to properly season their food,

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Speaker 1: they would want this day off. If your family put

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Speaker 1: raisins in their potato salad, you two would try to

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Speaker 1: limit the number of cookouts you have to attend in

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Speaker 1: a year. Please let Kathy Griffin give the fourteen Republican

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Speaker 1: lawmakers who voted against Juneteenth the biggest Hea Hall. Please

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Speaker 1: give this giant jaral male little biggest Hea Hall. All right,

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Speaker 1: if my family didn't wash my washout chicken, I wouldn't

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Speaker 1: want the day off either to go to a cookout.

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Speaker 1: The Breakfast Club our one O five one, the Breakfast Club.

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Speaker 1: Your morning's will never be the same morning. Everybody is

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Speaker 1: DJ Envy Angela Yee, Charlomagne the guy. We are the

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Speaker 1: Breakfast Club. We got some special guest joining us today. Yes,

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Speaker 1: indeed we have Cheryl mckizac Daniel and Don Peebles. Welcome, Hello,

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Speaker 1: nice to be welcome back. Yes, you know Cheryl the

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Speaker 1: president CEO m seeking Yes, and Don is the founder,

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Speaker 1: chairman and CEO of the Peoples Corporation. Let me tell

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Speaker 1: y'all something. It's been a lot of rappers in this room,

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Speaker 1: a lot of athletes, in this room. Okay, smipe, be

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Speaker 1: the most money been in this room at one time.

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Speaker 1: That's all I'm gonna say. It's a fact, just a fact.

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Speaker 1: Might be the most money that's been in this room

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Speaker 1: at one time. I just want to say that, how

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Speaker 1: are you all today? Well, we are great, okay, glad

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Speaker 1: to be here, Glad that you are having us in

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Speaker 1: to talk about Affirmation Tower. That's right. And he said,

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Speaker 1: y'all wanted to be the most inclusive skyscraper in New

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Speaker 1: York City? What does that mean? You a break that down,

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Speaker 1: because they came ahead bullying me, first of all, just

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Speaker 1: because I went to Hampton University. They came here bullet

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Speaker 1: talking all this Howard stuff. But explain what that that

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Speaker 1: project is about, that inclusive skyscraper. Listen. It was last

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Speaker 1: year when cbr El, a large brokerage firm, came to

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Speaker 1: me and they said, listen, this is up for grabs

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Speaker 1: and the only person that we think can develop this

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Speaker 1: is Don People's And I'm like, Don's a friend. He

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Speaker 1: was already are you looking at this project? And so

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Speaker 1: you know, if the best and the brightest of this

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Speaker 1: country feel that way, then we certainly know we can

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Speaker 1: do this. And I'm gonna let Don explain the project.

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Speaker 1: Well great. I mean, look, Cheryl and I have been

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Speaker 1: friends since she and her sister were freshmen at Howard.

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Speaker 1: Y'all got some story. And I was in the real

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Speaker 1: beginning and going to the real estate business, and Cheryl's

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Speaker 1: family had a long history in it. And Cheryl's done

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Speaker 1: an amazing job in building her business here in New

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Speaker 1: York and other parts of the country. And so when

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Speaker 1: the opportunity to come build a building across the street

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Speaker 1: from the Jabbat Center, one of the major attractions in

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Speaker 1: New York City, I thought, what better place than to

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Speaker 1: build what will be, unfortunately, the first skyscraper in New

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Speaker 1: York City built by black people. And it's mind body,

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Speaker 1: I'm sure black people will build something, but it wasn't.

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Speaker 1: No black people actually behind it on the financial level.

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Speaker 1: That's exactly right, that black people worked on it, but

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Speaker 1: they and not enough, by the way, because the construction

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Speaker 1: industry has been discriminating over the years as well in

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Speaker 1: terms of the high paying jobs that are generated by them.

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Speaker 1: But that's changing. So I thought that, you know, we

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Speaker 1: ought to build this building should be built by black developers,

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Speaker 1: And so I thought about this as also we want

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Speaker 1: to send a message that we all work together. And

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Speaker 1: so I called Cheryl first and look, you one, I

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Speaker 1: want you in your company as a construction company to

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Speaker 1: build this building, but also I want you to be

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Speaker 1: a developer and a partner with us and that so

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Speaker 1: she came in Craig Livingston, who's been a trailblazer in

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Speaker 1: terms of economic empowerment for black real estate professionals and entrepreneurs.

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Speaker 1: We brought him on as a developer as well and

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Speaker 1: put together a team that's eighty percent black owned. And

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Speaker 1: then we were designing it, I thought, we want an

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Speaker 1: architecture that's going to make a powerful statement. So we

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Speaker 1: picked David Ajay, who I've worked with before and who

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Speaker 1: was the architect for the Museum for African American History

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Speaker 1: and Culture in Washington, DC, which is the most visited

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Speaker 1: museum in the whole Smithsonian system since the day it opened.

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Speaker 1: And then we committed to thirty five percent minority contracting

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Speaker 1: and a minimum threshold to build that building. And then

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Speaker 1: you know, when we're designing the building, it was going

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Speaker 1: to be super tall. But then I said, why not

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Speaker 1: build the tallest building. Let's build the tallest building in

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Speaker 1: the Western Hemisphere, built first building to be built by

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Speaker 1: black people in New York City in terms of financially,

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Speaker 1: and let's make it the tallest one in the Western Hemisphere.

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Speaker 1: And so that's what we started doing. How much will

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Speaker 1: this building costs to make and how long would it take?

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Speaker 1: Three point six billion dollars. It's some work, but we're

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Speaker 1: going to get it done and it will be one

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Speaker 1: of the biggest projects built in New York City. And

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Speaker 1: it meets two moments. So right now we're coming out

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Speaker 1: of COVID, so America and New York has got to

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Speaker 1: build back. But we got to do it differently. We

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Speaker 1: got to be inclusive, because that's the other moment. I mean,

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Speaker 1: these protests that we've had around the country over the

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Speaker 1: last two years, especially last year, was about fighting for

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Speaker 1: equal treatment under the law for black people, but also

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Speaker 1: for us to have our seat at the table. Economically,

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Speaker 1: is it residential or is it going to be commercial? Office?

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Speaker 1: Two hotels, So starting on the podium, it'll have a

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Speaker 1: cultural center that the NAACP's putting together, and then offices

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Speaker 1: for the NAACP. And then last week, Reverend Sharpton and

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Speaker 1: I made an agreement that we're going to bring the

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Speaker 1: Civil Rights Museum there as well, so that'll be on

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Speaker 1: the lower levels of the building, and then we'll have

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Speaker 1: some restaurant and other space on the top of the

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Speaker 1: what's the podium the bigger part. And then as we

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Speaker 1: go up to tower two, hotels and then offices, and

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Speaker 1: then up top three levels of event venue space, a

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Speaker 1: observation deck. And to put the icing on the cake,

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Speaker 1: we are putting an ice skating ring on top on

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Speaker 1: top of the building, on top of the building, sixteen

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Speaker 1: hundred feet up in the air. Everything is intentional. So

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Speaker 1: the name the affirmation towel what at the meeting behind

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Speaker 1: the end, we're affirming that we're meeting those two points

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Speaker 1: in time. When you look at the tower, it looks

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Speaker 1: like it's upside down, and that's another message. We are

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Speaker 1: turning things upside down. We want to open up this

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Speaker 1: system to people like ours because, as you know, when

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Speaker 1: black people are owners, it creates an echosystem where we

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Speaker 1: help people all along the line. So how long do

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Speaker 1: you think it's going to take to actually complete this project.

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Speaker 1: They'll take us when we start construction about three years,

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Speaker 1: and before that it'll take about a year and a

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Speaker 1: half are designed. So we're about five years out for this.

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Speaker 1: How difficult was it to get this project? I mean,

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Speaker 1: and we're still fighting for it. I mean, we are

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Speaker 1: fighting for it now. It's very difficult, but I mean

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Speaker 1: I expect it to be difficult. I mean, but we're

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Speaker 1: knocking down barriers each day. And in reality, doctor King A,

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Speaker 1: Mecca Everts, John Lewis it was hard for them too.

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Speaker 1: And we're doing it in other cities. We just want

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Speaker 1: a huge project in Boston. Yep. Last week we got

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Speaker 1: with the Republican governor. Well, actually it was easier because

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Speaker 1: so give you a sense. So, I mean, I'm a

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Speaker 1: I'm a big boot. I'm a Democrat, lifelong Democrat, but

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Speaker 1: I'm like what Henry Kissinger said about America. He said,

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Speaker 1: America has no permanent friends, no permanent enemies. In black people,

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Speaker 1: we gotta have no permanent friends, no permanent enemies, permanent interest.

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Speaker 1: So the governor, Charlie Baker in Boston decided that he

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Speaker 1: saw the unfairness in the system. So what he did

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Speaker 1: is every project that he's doing in that state, twenty

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Speaker 1: five points out of a hundred is for equity for

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Speaker 1: people of color. Always asked this question, and I don't

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Speaker 1: even know. You can have one without the other. But

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Speaker 1: what's more important? Economic equity are equality? Oh wow, that's

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Speaker 1: a really good question. But I would say the economics

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Speaker 1: are very important, because then that's going to help create

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Speaker 1: the equality. In my opinion, Don always says this about

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Speaker 1: venture capitalists, and there's sixty nine trillion dollars of money

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Speaker 1: out there that's been invested, but only one point three

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Speaker 1: percent of it has been invested by black firms. So

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Speaker 1: we are so upside down on the economic ladder that

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Speaker 1: we just have to do something about that. If we

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Speaker 1: can have access to economic opportunity, we can solve our

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Speaker 1: own problems. We can deal with our own community. But

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Speaker 1: you keep blocking us from economic opportunity, then we're going

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Speaker 1: to continue to struggle. So we can do it for ourselves.

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Speaker 1: Then we can expand our community and take care of

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Speaker 1: our own issues, and we can support our own organizations.

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Speaker 1: And they need to stop looking at us. I said

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Speaker 1: this yesterday to group of white business people. You don't

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Speaker 1: need to stop looking at doing business with black people

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Speaker 1: of philanthropic good business for you. That's all right. When

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Speaker 1: we come back, we have more we sharel mckissi, Daniel

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Speaker 1: and Don Peebles, So don't move. It's to Breakfast Club.

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Speaker 1: Go Morning Morning. Everybody's DJ Envy Angela Yee. Charlomagne, the

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Speaker 1: guy we are the Breakfast Club was still kicking it

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Speaker 1: with Cheryl McKissick, Daniel and Don Peebles. We got to

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Speaker 1: go back to the origin story because when I hear

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Speaker 1: you know, y'all knew each other as freshman at Howard University,

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Speaker 1: that's like some outliers divine alignment type stuff, like did

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Speaker 1: y'all both know that's what y'all wanted to do in

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Speaker 1: the future. When I met Don, Don had bought his

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Speaker 1: first apartment in DC, and I said, Howard, Well, I

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Speaker 1: was a freshman, a freshman, and I was two years

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Speaker 1: I think I'm two years older than right. So he

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Speaker 1: was in college and he had bought an apartment. And

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Speaker 1: I remember my twin sister and are saying to each other,

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Speaker 1: well who does that apartments when you're in college? And

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Speaker 1: Don said, then he said, I'm going to do transformational development.

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Speaker 1: My sister and I we always knew we were going

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Speaker 1: to be in the family business. I mean, we're fifth generation.

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Speaker 1: We always knew that. But then over the years, Don

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Speaker 1: was in DC Philadelphia, and we kept saying we're gonna

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Speaker 1: work together at some point. We are definitely going to

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Speaker 1: work together, but it just has to be the right project.

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Speaker 1: So we know, mckinnig gets fifth generation is people's first generation.

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Speaker 1: First generation. Yeah, well you get the money to buy

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Speaker 1: the elpartment done if you don't want to tell you yourself.

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Speaker 1: I started working. I quit college after my freshman year

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Speaker 1: and started working in real estate. And frankly, I mean,

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Speaker 1: it was a black government, it was a black mayor,

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Speaker 1: and they were focused on economic empowerment for black people.

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Speaker 1: So I felt it was a good place to start

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Speaker 1: doing business. And so I got exposed to real estate

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Speaker 1: because my mother was a real estate sales agent and

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Speaker 1: a broker, and so I learned from her. I started

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Speaker 1: my own company when I was twenty three, wow, and

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Speaker 1: built my first building when I was twenty six. But

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Speaker 1: I couldn't have done it anywhere else. DC at that

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Speaker 1: time was a mecca for black economic empowerment. It was

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Speaker 1: Atlanta and DC. Mary and Barry and marrying Bear. For

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Speaker 1: all his faults, you know, he was you know. Yeah.

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Speaker 1: At his memorial service, Minister Farcom mentioned that about his

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Speaker 1: history of everything that you know, he's been criticized for

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Speaker 1: having a drug abuse problem, and he said, who are

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Speaker 1: you talking about, John Kennedy because it wasn't just so yeah. So,

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Speaker 1: I mean, Barry was transformative and the government at that

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Speaker 1: time was and they knocked down opportunities, barriers to opportunities

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Speaker 1: for black business people. Um, Bob Johnson got a start

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Speaker 1: in DC. I got mine. Many other black business people did.

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Speaker 1: But I met Cheryl and her sister. They were freshman

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Speaker 1: in college and her cousin was a good friend of mine,

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Speaker 1: and so we became friends and we both had kind

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Speaker 1: of common interests. They were going into the family business.

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Speaker 1: I was building mine, and uh, and some of my

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Speaker 1: son's in our business. Now he's twenty seven and my

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Speaker 1: daughter's nineteen and at TCU, and I'm hopeful that she

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Speaker 1: will go into the business as well. And we can

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Speaker 1: build some legacy. But part of the legacy I want

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Speaker 1: to build is demonstrating how we can work together, because

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Speaker 1: I may not be able to do a three point

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Speaker 1: six billion dollar building by myself, Cheryl may not be

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Speaker 1: able to crag, but collectively we can. But John, you

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Speaker 1: didn't need us. I mean financially, but I needed you

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Speaker 1: all in every other way. Um, and you all bring

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Speaker 1: tremendous resources to the table. I know people are watching

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Speaker 1: this and they were all so good man. I'm just

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Speaker 1: saying this just feel so good man. I know people

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Speaker 1: are watching this and then they want to know how

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Speaker 1: though like it. You know, it's easy to say I

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Speaker 1: bought my first building, but but how where did the

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Speaker 1: capital come from? Like? Where does one start? Well? I

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Speaker 1: think the first thing is with a dream. I mean

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Speaker 1: developers are dreamers, were visionaries, and so with the dream

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Speaker 1: and with a plan and becoming a student of the business.

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Speaker 1: And I mean you can be self taught, read some books,

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Speaker 1: learn about the business. It's not a complicated business by

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Speaker 1: the way supply and demand, so understanding business, having a

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Speaker 1: dream and having a dream to be achievable, but you know,

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Speaker 1: pushing and then I'm finding an idea. Once you find

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Speaker 1: an idea, then you can raise money for Now what

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Speaker 1: Cheryl touched on if you're black, don't expect it to

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Speaker 1: be easy. The Federal Reserved did a study last year

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Speaker 1: the sixty nine trillion dollars invested in private equity and

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Speaker 1: venture capital and that's normally goes that's where real estate

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Speaker 1: developers get equity for their project from private equity. But

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Speaker 1: just sixty nine trillion dollars invested in private equity in

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Speaker 1: the United States, and out of that, one point three

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Speaker 1: percent of it goes to businesses own or founded or

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Speaker 1: projects are worked on by blacks or women combined. So

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Speaker 1: white men get ninety eight point seven percent of all

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Speaker 1: venture capital and private equity money. So the challenge is equity.

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Speaker 1: But if you can raise the money friends and family

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Speaker 1: and so on, and then build your building or buy

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Speaker 1: a property and renovate it, and then do what I

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Speaker 1: did is I rolled all my money back in. So

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Speaker 1: the first project we did was ten million dollars that

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Speaker 1: you didn't start, didn't you started with an apartment? I

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Speaker 1: think that's the question, Like you started from us? Yeah, right,

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Speaker 1: But then after that I started a consulting an appraisal business,

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Speaker 1: and that's how I earned a living and begin to

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Speaker 1: accumulate some money to save. And then with that money

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Speaker 1: I found an opportunity to build an office building. But

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Speaker 1: if you have a dream and you're willing to do

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Speaker 1: some work, you can make money in the real estate business.

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Speaker 1: You know, we talk about the the racial no world

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Speaker 1: gap in America a lot you think that actually can

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Speaker 1: be closed in this generation. I don't think it can

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Speaker 1: be closed. I think we can make some progress, but

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Speaker 1: we won't do it the way it is right now.

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Speaker 1: And one of your former guests is a man I've

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Speaker 1: known a long time and currently president, and I remember

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Speaker 1: it's comment about it could make up your mind between

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Speaker 1: him and Trump. You're not black, well, I mean again,

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Speaker 1: no permanent friends, no permanent enemies, permanent interest. But he

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Speaker 1: would be a right now in the Delaware waterfront on

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Speaker 1: the porch of his house if it wasn't for black people.

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Speaker 1: It's time to pay up, and I mean pay up

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Speaker 1: in other ways by giving us access to economic opportunity.

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Speaker 1: And that's when we close the wealth gap a place

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Speaker 1: like Boston. According to Federal Reserve, the average household net

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Speaker 1: worth of a white family in Boston is two hundred

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Speaker 1: and forty seven thousand dollars. The average household net worth

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Speaker 1: of a black family is eight dollars eight dollars. That

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Speaker 1: isn't insurmountable wealth disparity without affirmative aggressive eight dollars to

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Speaker 1: two hundred and forty seven thousand, and so you can't

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Speaker 1: solve that by taking baby steps. Frankly, we can't let

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Speaker 1: these liberal democrats continue to try to make us comfortable

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Speaker 1: being poor. So we're gonna have to demand aggressive steps economically,

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Speaker 1: not window dressing, not hiring a few black people here

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Speaker 1: and there. And by the way, the other thing, when

425
00:23:04,560 --> 00:23:06,960
Speaker 1: black people get in a position of power, they got

426
00:23:06,960 --> 00:23:10,359
Speaker 1: to help each other. We cannot get into these positions

427
00:23:10,400 --> 00:23:13,160
Speaker 1: and sit in them and then just kind of keep

428
00:23:13,160 --> 00:23:15,399
Speaker 1: the status quo so then they can say, see there,

429
00:23:15,440 --> 00:23:17,240
Speaker 1: we got a black person in here, so we're not racist.

430
00:23:17,800 --> 00:23:20,200
Speaker 1: We're not doing anything because we can't find any qualified

431
00:23:20,240 --> 00:23:23,160
Speaker 1: black people because if we could, the brother over here

432
00:23:23,240 --> 00:23:25,240
Speaker 1: or the sister over here would be doing it, and

433
00:23:25,280 --> 00:23:27,240
Speaker 1: they're not. And that's one of the reasons why my

434
00:23:27,320 --> 00:23:30,640
Speaker 1: company has focused on this issue. And I would dare

435
00:23:30,680 --> 00:23:34,919
Speaker 1: to say that I am the most outspoken advocate for

436
00:23:35,240 --> 00:23:39,920
Speaker 1: equal opportunity and fair treatment for black people in business

437
00:23:40,000 --> 00:23:43,760
Speaker 1: and finance, and also that we got to do it aggressively.

438
00:23:43,800 --> 00:23:46,040
Speaker 1: We cannot just sit back here anymore. What do you

439
00:23:46,440 --> 00:23:49,159
Speaker 1: what does reparations look like? Yeah, I think that what's

440
00:23:49,240 --> 00:23:54,240
Speaker 1: realistic for us is that the entire system of how

441
00:23:54,640 --> 00:23:59,119
Speaker 1: our government does business changes and it is reflective of

442
00:23:59,280 --> 00:24:02,560
Speaker 1: population demographics. So if you're in a city that it's

443
00:24:02,600 --> 00:24:05,480
Speaker 1: fifty percent black, fifty percent of the government contracts go

444
00:24:05,560 --> 00:24:08,119
Speaker 1: to black businesses. Give you're a business like you know,

445
00:24:08,240 --> 00:24:14,200
Speaker 1: Goldman Sacks or whatever, and you are taking institutional capital

446
00:24:14,280 --> 00:24:17,239
Speaker 1: as an investment advisor, then you've got to deploy that

447
00:24:17,760 --> 00:24:20,960
Speaker 1: reflective of the population demographics. So if you're running a

448
00:24:21,080 --> 00:24:23,960
Speaker 1: national business, black people a thirteen percent of the population,

449
00:24:24,080 --> 00:24:26,040
Speaker 1: thirteen percent of the loans have to be made to

450
00:24:26,200 --> 00:24:28,480
Speaker 1: black businesses and black people on the same terms that

451
00:24:28,520 --> 00:24:30,440
Speaker 1: you make them to the white firms. So we could

452
00:24:30,440 --> 00:24:34,159
Speaker 1: do that just a fairness, I mean, we would make

453
00:24:34,200 --> 00:24:36,320
Speaker 1: great progress. But what has happened here is that the

454
00:24:36,520 --> 00:24:42,080
Speaker 1: impediments to us having fair opportunity are compounded by these

455
00:24:42,119 --> 00:24:45,640
Speaker 1: obstacles and these injustices. Economically, Oh brother, don I can't

456
00:24:45,640 --> 00:24:48,840
Speaker 1: buy no building with fairness. I needit right, you know

457
00:24:48,840 --> 00:24:50,240
Speaker 1: what I mean? So as you feel like America owes

458
00:24:50,320 --> 00:24:54,560
Speaker 1: us something tangible, Yes, yeah, I think America owes us

459
00:24:54,600 --> 00:24:59,200
Speaker 1: something tangible by giving us capital. Look, I think there

460
00:24:59,200 --> 00:25:02,639
Speaker 1: should be someplace where there's like a pool of capital

461
00:25:02,840 --> 00:25:08,640
Speaker 1: that goes to black people. And yeah, but not loans

462
00:25:09,720 --> 00:25:12,040
Speaker 1: and if you if you execute, yeah, you know, and

463
00:25:12,040 --> 00:25:15,080
Speaker 1: if you execute, then you don't pay it back exactly right.

464
00:25:15,200 --> 00:25:17,760
Speaker 1: But I think we also have to say, okay, what

465
00:25:17,840 --> 00:25:21,280
Speaker 1: about property that has to be adjusting the cash cash

466
00:25:21,359 --> 00:25:24,800
Speaker 1: reparations were returning a property needs to take place, all right?

467
00:25:24,800 --> 00:25:26,960
Speaker 1: When we come back, we have more with Charyl McKissick,

468
00:25:27,040 --> 00:25:29,560
Speaker 1: Daniel and Don Peebles, So don't move. It's the breakfast Club.

469
00:25:29,600 --> 00:25:37,000
Speaker 1: God morning, the breakfast Club, the breakfast Club. Your mornings

470
00:25:37,040 --> 00:25:41,879
Speaker 1: will never be the same morning. Everybody is cdj Envy

471
00:25:42,040 --> 00:25:45,000
Speaker 1: angela ye. Charlemagne, the guy we are the Breakfast Club

472
00:25:45,040 --> 00:25:48,800
Speaker 1: was still kicking it with Charyl McKissick, Daniel and Don Peebles. Charlemagne,

473
00:25:48,960 --> 00:25:52,639
Speaker 1: how difficult is it navigating the construction industry and the

474
00:25:52,720 --> 00:25:58,000
Speaker 1: real estate industry has a black prison. It's hard, knucks well,

475
00:25:58,119 --> 00:26:01,680
Speaker 1: black woman, I mean that's even hard. Yeah, I mean,

476
00:26:01,840 --> 00:26:06,640
Speaker 1: Don talked about black females starting to the most businesses. However,

477
00:26:06,720 --> 00:26:10,000
Speaker 1: we're still only two percent of the businesses in New

478
00:26:10,080 --> 00:26:13,520
Speaker 1: York City. And so how was I able to build

479
00:26:13,560 --> 00:26:18,640
Speaker 1: a business in New York It was really pushing prime opportunities,

480
00:26:18,960 --> 00:26:22,159
Speaker 1: not where I was a sub consultant. You know, working

481
00:26:22,400 --> 00:26:26,280
Speaker 1: under the umbrella of a large firm. No, I had

482
00:26:26,320 --> 00:26:29,400
Speaker 1: to be the lead person, whether that was a two

483
00:26:29,440 --> 00:26:32,880
Speaker 1: million dollar project that turned into a five million dollar

484
00:26:33,000 --> 00:26:36,760
Speaker 1: project or ten million dollar project. But that was all

485
00:26:36,800 --> 00:26:39,359
Speaker 1: a fight because there are no laws out there for that.

486
00:26:40,400 --> 00:26:44,040
Speaker 1: You know, you have to create relationships and you know,

487
00:26:44,440 --> 00:26:47,880
Speaker 1: convince people to give you this shot. And that's coming

488
00:26:47,920 --> 00:26:50,600
Speaker 1: from a fifth generation government. So I can imagine, oh, yeah,

489
00:26:50,640 --> 00:26:54,399
Speaker 1: two hundred and thirty years wow, and we're still having

490
00:26:54,400 --> 00:26:57,080
Speaker 1: to prove who we are and still not getting the

491
00:26:57,160 --> 00:27:01,159
Speaker 1: access that we should get. Politically, do these politicians come

492
00:27:01,200 --> 00:27:03,600
Speaker 1: to y'all, of course to make donations and stuff? And

493
00:27:03,600 --> 00:27:06,200
Speaker 1: if so, does that give y'all some type of power

494
00:27:06,240 --> 00:27:09,280
Speaker 1: when it comes to them. Yeah, y'all able to demand

495
00:27:09,320 --> 00:27:11,800
Speaker 1: things for them. So I've been involved in politics my

496
00:27:12,040 --> 00:27:17,080
Speaker 1: entire careers. Obama's National Finance Committee for both of his elections,

497
00:27:17,080 --> 00:27:21,000
Speaker 1: Bill Clinton's as well. What I learned over the years

498
00:27:21,119 --> 00:27:24,119
Speaker 1: is that you can have some access to some people,

499
00:27:24,600 --> 00:27:29,560
Speaker 1: but even there we get discriminated against. We're big supporters

500
00:27:29,600 --> 00:27:34,480
Speaker 1: of many different politicians, but they will be willing to

501
00:27:35,240 --> 00:27:38,960
Speaker 1: jump over backwards to help a white business person who

502
00:27:39,080 --> 00:27:41,919
Speaker 1: is you know, at a high level, but when it

503
00:27:41,960 --> 00:27:45,359
Speaker 1: comes to us, they'll decide when they're going to treat

504
00:27:45,440 --> 00:27:48,000
Speaker 1: us fairly and when they're not. And that the money's

505
00:27:48,080 --> 00:27:51,280
Speaker 1: not as impactful. And it's kind of a subtlety. And

506
00:27:51,280 --> 00:27:53,280
Speaker 1: I don't know if I'm explaining it right, but what

507
00:27:53,320 --> 00:27:57,400
Speaker 1: I'm saying is that our money isn't as good as

508
00:27:57,680 --> 00:28:02,280
Speaker 1: the other people's money when it comes to many politicians,

509
00:28:02,320 --> 00:28:04,960
Speaker 1: even if you have the same amount of money, even

510
00:28:04,960 --> 00:28:07,520
Speaker 1: if financially y'all on equal footing, you'll tell us there's

511
00:28:07,560 --> 00:28:12,360
Speaker 1: a wall between policy and making decisions as a government

512
00:28:12,600 --> 00:28:17,800
Speaker 1: leader and your money. And so what I've done and

513
00:28:18,000 --> 00:28:21,040
Speaker 1: that so fundraising and contributing money is kind of the carrot.

514
00:28:21,240 --> 00:28:23,280
Speaker 1: So I say, Okay, the carrot doesn't work, I'll use

515
00:28:23,280 --> 00:28:25,720
Speaker 1: a stick. So a couple of times that these people

516
00:28:25,720 --> 00:28:29,480
Speaker 1: have crossed me and treated me unfairly, I form a

517
00:28:29,520 --> 00:28:33,280
Speaker 1: political action committee and I run an independent campaign against them.

518
00:28:33,800 --> 00:28:36,240
Speaker 1: And because I figure, if I got some money, I

519
00:28:36,320 --> 00:28:37,960
Speaker 1: need to use it at least to level of playing

520
00:28:37,960 --> 00:28:40,880
Speaker 1: field for what I'm trying to do. And so I'm

521
00:28:40,880 --> 00:28:42,680
Speaker 1: not going to take it on the chin. And that's

522
00:28:42,680 --> 00:28:45,120
Speaker 1: the other thing is that they think that they can

523
00:28:45,320 --> 00:28:47,680
Speaker 1: screw us over and get away with it. So I

524
00:28:47,760 --> 00:28:50,360
Speaker 1: try to send a message. You know, there's some repercussions

525
00:28:50,600 --> 00:28:52,959
Speaker 1: if you treat us unfairly. You think we do ourselves

526
00:28:52,960 --> 00:28:56,520
Speaker 1: a disservice by always voting Democrat, always being with one party,

527
00:28:56,560 --> 00:28:59,000
Speaker 1: being so low to one party, Yes, I think. So,

528
00:28:59,600 --> 00:29:02,560
Speaker 1: I think we need to vote what policies are important

529
00:29:02,600 --> 00:29:07,440
Speaker 1: to us and gets them to agree to some concrete things.

530
00:29:07,640 --> 00:29:11,160
Speaker 1: So I chaired the Congressional Black Caucus Foundation Board, which

531
00:29:11,240 --> 00:29:14,320
Speaker 1: is the think tank for the fifty semi black members

532
00:29:14,320 --> 00:29:17,720
Speaker 1: of Congress and does that legislative weekend in Washington, DC.

533
00:29:17,920 --> 00:29:21,960
Speaker 1: So I chaired that last three years of Obama's administration

534
00:29:22,160 --> 00:29:24,560
Speaker 1: and then going into Trump's first year. And I told

535
00:29:24,600 --> 00:29:27,200
Speaker 1: the Caucus members when Trump came in, I know him

536
00:29:27,240 --> 00:29:30,160
Speaker 1: and he's transactional. Go meet with him with a list

537
00:29:30,200 --> 00:29:33,200
Speaker 1: of things for black people. Because you all weren't elected

538
00:29:33,480 --> 00:29:36,800
Speaker 1: to be Democrats. You were elected to advocate for black people,

539
00:29:36,840 --> 00:29:40,200
Speaker 1: your constituents. So go with a list of what your

540
00:29:40,240 --> 00:29:43,600
Speaker 1: constituents want and tell him you want this, and ask

541
00:29:43,680 --> 00:29:45,440
Speaker 1: him what does he want, and see if there's a

542
00:29:45,480 --> 00:29:48,480
Speaker 1: deal to be made. But you can't put the black

543
00:29:48,520 --> 00:29:52,120
Speaker 1: agenda on whole for a four to eight years because

544
00:29:52,120 --> 00:29:54,240
Speaker 1: you don't like the guy in the office. You got

545
00:29:54,240 --> 00:29:57,080
Speaker 1: to play a game of power. You gotta constantly fight

546
00:29:57,120 --> 00:30:00,560
Speaker 1: because our agenda can't wait. So we should do business

547
00:30:00,600 --> 00:30:04,040
Speaker 1: with whoever we have to to get our program going

548
00:30:04,160 --> 00:30:07,440
Speaker 1: forward and then we can vote again later. The Democratic

549
00:30:07,480 --> 00:30:10,640
Speaker 1: Party takes us for granted, and they have for a

550
00:30:10,760 --> 00:30:14,000
Speaker 1: very long time. And frankly, we should be in the

551
00:30:14,160 --> 00:30:17,120
Speaker 1: front steps of the White House telling Joe Biden this

552
00:30:17,160 --> 00:30:20,160
Speaker 1: isn't enough. It's great that you appointed a qualified woman

553
00:30:20,480 --> 00:30:24,200
Speaker 1: to the Supreme Court, a black woman, all right, but

554
00:30:24,400 --> 00:30:29,040
Speaker 1: here's what we need. And over three in the Supreme Court,

555
00:30:29,400 --> 00:30:32,320
Speaker 1: expanded the Supreme Court, and at four Jack, if you

556
00:30:32,360 --> 00:30:35,240
Speaker 1: want to really make an impact. But also, he's responsible

557
00:30:35,640 --> 00:30:38,320
Speaker 1: for the nineteen ninety four crimes. And I tell him

558
00:30:38,320 --> 00:30:41,080
Speaker 1: to his face, he's responsible for it. He's cleaned it up,

559
00:30:41,520 --> 00:30:47,120
Speaker 1: and he has not addressed that yet. And he spoke passionately,

560
00:30:47,280 --> 00:30:48,960
Speaker 1: and he was the floor leader in the Senate for

561
00:30:49,000 --> 00:30:51,560
Speaker 1: Bill Clinton from the nineteen ninety four crime bill that

562
00:30:51,680 --> 00:30:54,400
Speaker 1: led to the mass incarceration of black men and women

563
00:30:55,200 --> 00:30:58,840
Speaker 1: and these mandatory sentences that destroyed lives. So he's got

564
00:30:58,840 --> 00:31:00,560
Speaker 1: to clean that up. And he's got to clean out up,

565
00:31:00,680 --> 00:31:03,320
Speaker 1: not just what's criminal justice reform, because that's only going

566
00:31:03,400 --> 00:31:06,760
Speaker 1: to deal with what's going forward. But secondly, he's got

567
00:31:06,760 --> 00:31:09,920
Speaker 1: to make right what he's done our community and our

568
00:31:09,960 --> 00:31:13,360
Speaker 1: people since nineteen ninety four, before nineties. Yeah, because you

569
00:31:13,400 --> 00:31:15,760
Speaker 1: know the mandatory minimum centis in the crack laws. That

570
00:31:15,880 --> 00:31:18,320
Speaker 1: was the eighties. You're right. Yeah. When I when I

571
00:31:18,320 --> 00:31:19,640
Speaker 1: said that to him, I said, um, you know it

572
00:31:19,720 --> 00:31:21,280
Speaker 1: led the massive cause race and he said, no, it didn't.

573
00:31:21,360 --> 00:31:23,200
Speaker 1: It was a mandatory minimum in the aities. I said,

574
00:31:23,200 --> 00:31:27,239
Speaker 1: when you wrote that too, it was easy to do

575
00:31:27,320 --> 00:31:29,960
Speaker 1: business with? Is it Biden or was it Trump to

576
00:31:30,040 --> 00:31:32,520
Speaker 1: do business with? I think Trump would would be easier

577
00:31:32,560 --> 00:31:34,920
Speaker 1: to do business with because there's no competing interest and

578
00:31:34,960 --> 00:31:38,520
Speaker 1: he's a decisive person. I think that the Democratics presidents

579
00:31:38,720 --> 00:31:42,520
Speaker 1: have tried to make this rainbow constituency happy. So same

580
00:31:42,520 --> 00:31:48,680
Speaker 1: thing about reparations and minority contracting. This country owes two

581
00:31:48,760 --> 00:31:53,120
Speaker 1: classes of people a great debt. It owes Native Americans

582
00:31:53,200 --> 00:31:57,160
Speaker 1: a great debt, and then it owes black people a debt,

583
00:31:57,360 --> 00:32:01,400
Speaker 1: and it's time to pay that. And Biden could do that. Um. Frankly,

584
00:32:01,440 --> 00:32:04,440
Speaker 1: I was disappointed because I thought that President Obama should

585
00:32:04,440 --> 00:32:09,120
Speaker 1: have done it. But Trump is transactional, so you can

586
00:32:09,160 --> 00:32:12,280
Speaker 1: do business with him today and be against him tomorrow.

587
00:32:12,560 --> 00:32:14,880
Speaker 1: He's going to understand that because he's wired that way.

588
00:32:15,080 --> 00:32:18,840
Speaker 1: So we have to be focused on getting business done.

589
00:32:19,000 --> 00:32:22,320
Speaker 1: And to this point in time, I can't think about

590
00:32:22,360 --> 00:32:24,640
Speaker 1: what the President of the United States has done for

591
00:32:24,720 --> 00:32:27,840
Speaker 1: black people. And he's been in office for a year.

592
00:32:28,240 --> 00:32:30,800
Speaker 1: So how long do we have to wait for the

593
00:32:30,880 --> 00:32:34,480
Speaker 1: man that we single handedly put into office right age?

594
00:32:34,920 --> 00:32:39,280
Speaker 1: And our agenda has always lastedn't it? Yes? If at all? Yeah, Yeah,

595
00:32:39,400 --> 00:32:46,160
Speaker 1: great conversation, Sinster Sheryl Brother because that game people's I

596
00:32:46,160 --> 00:32:48,800
Speaker 1: mean that was that was of course, So what's the

597
00:32:48,840 --> 00:32:51,680
Speaker 1: call to action? Charges five thousands for that one. But

598
00:32:52,000 --> 00:32:55,280
Speaker 1: we need everyone to talk about Affirmation Tower. We need

599
00:32:55,280 --> 00:32:57,880
Speaker 1: this to be a movement because this is going to

600
00:32:58,000 --> 00:33:02,360
Speaker 1: change how we position ourselves. It's changing a paradigm for

601
00:33:02,520 --> 00:33:05,560
Speaker 1: black people, not only in New York but in our nation.

602
00:33:05,920 --> 00:33:08,360
Speaker 1: And that's the call to action. They need to call

603
00:33:08,680 --> 00:33:12,480
Speaker 1: the Governor's Office of New York and say that they

604
00:33:12,520 --> 00:33:16,440
Speaker 1: support it. They need to call their New York City

605
00:33:16,480 --> 00:33:18,480
Speaker 1: resident or a New York State resident They need to

606
00:33:18,520 --> 00:33:22,280
Speaker 1: call their elected officials and say that they support this

607
00:33:22,320 --> 00:33:24,760
Speaker 1: project and they support what it stands for, which is

608
00:33:24,920 --> 00:33:29,640
Speaker 1: economic opportunity for black businesses. And going forward, we got

609
00:33:29,640 --> 00:33:32,840
Speaker 1: to hold anybody running for office it wants our support.

610
00:33:33,160 --> 00:33:36,440
Speaker 1: What are you going to do for us economically? What

611
00:33:36,480 --> 00:33:38,120
Speaker 1: are you going? How are you going to write this

612
00:33:38,360 --> 00:33:42,000
Speaker 1: scales of injustice that we're dealing with, And that's the

613
00:33:42,120 --> 00:33:46,720
Speaker 1: call to action. Economic empowerment for our people will lead

614
00:33:46,960 --> 00:33:49,240
Speaker 1: us to a much better place because we can What

615
00:33:49,280 --> 00:33:50,880
Speaker 1: did James Brown say? I don't want nobody to give

616
00:33:50,920 --> 00:33:53,560
Speaker 1: me nothing to open the door. I'll get it myself, right. Well,

617
00:33:53,560 --> 00:33:55,440
Speaker 1: that's what we want to open the doors of opportunity.

618
00:33:55,560 --> 00:33:57,760
Speaker 1: Let us do our thing we have shown. I want

619
00:33:57,800 --> 00:33:59,120
Speaker 1: both done. I want to open the door I want

620
00:33:59,160 --> 00:34:00,640
Speaker 1: something to be sitting on the tap when I walk in.

621
00:34:00,680 --> 00:34:02,280
Speaker 1: I agree with you, and it should be by the way.

622
00:34:02,480 --> 00:34:06,640
Speaker 1: Our our ancestors paid for it, and we got nothing

623
00:34:06,720 --> 00:34:10,080
Speaker 1: for it. They got nothing for it but extreme oppression.

624
00:34:10,440 --> 00:34:12,560
Speaker 1: And so this country owes us a death. The White

625
00:34:12,600 --> 00:34:14,720
Speaker 1: House that Biden is sleeping and was built by slaves.

626
00:34:14,800 --> 00:34:19,239
Speaker 1: That shure. That's it. Well, we appreciate you guys so much. Man,

627
00:34:19,520 --> 00:34:22,880
Speaker 1: and please anytime y'all want to pull up up All right, okay,

628
00:34:23,200 --> 00:34:27,400
Speaker 1: we will absolutely, very well absolutely club. Good morning, So

629
00:34:27,600 --> 00:34:31,439
Speaker 1: Breakfast Club, your mornings will never be the same. Leaving

630
00:34:31,480 --> 00:34:33,439
Speaker 1: a child in a hot vehicle can lead to their death,

631
00:34:33,560 --> 00:34:36,399
Speaker 1: very quickly said. Cell phone reminders or play something you'll

632
00:34:36,440 --> 00:34:38,480
Speaker 1: need in the back seat so you don't forget your

633
00:34:38,560 --> 00:34:41,000
Speaker 1: child is in the car. Look for your baby before

634
00:34:41,080 --> 00:34:44,000
Speaker 1: you lock paid for it by Nitz. Everybody is DJ

635
00:34:44,480 --> 00:34:49,160
Speaker 1: Envy Angela Yee. Charlomagne, the guy we all to Breakfast Club. Charlomagne,

636
00:34:49,160 --> 00:34:51,919
Speaker 1: you got a positive note. Listen to positive NOTEE simply this, man,

637
00:34:52,160 --> 00:34:54,520
Speaker 1: I want you to remember this this weekend. The only

638
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Speaker 1: limits you have are the limits you believe you have.

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Speaker 1: Breakfast Club. I'm finish for y'all. Done,