RUSH TRANSCRIPT Charles Edward ░░░░░░░░ you very much DoJ ░░░░░░░░ independent businesses can put ░░░░░░░░ mandatory vaccination policies there ░░░░░░░░ a growing chorus of ░░░░░░░░ that say the federal ░░░░░░░░ should mandate vaccines We ░░░░░░░░ women s forum policy ░░░░░░░░ Hadley Heath Manning There ░░░░░░░░ a lot of fingerpointing ░░░░░░░░ frustration that so many ░░░░░░░░ are not getting vaccinated ░░░░░░░░ hate the way the ░░░░░░░░ media and even the ░░░░░░░░ House is trying to ░░░░░░░░ fingers here I know ░░░░░░░░ lot of people in ░░░░░░░░ blue cities and blue ░░░░░░░░ have their own reasons ░░░░░░░░ to be vaccinated What ░░░░░░░░ the next step in ░░░░░░░░ mind I m disappointed ░░░░░░░░ masking guidance from CDC ░░░░░░░░ wearing masks is one ░░░░░░░░ the few rewards for ░░░░░░░░ vaccinated So walking back ░░░░░░░░ that guidance they re ░░░░░░░░ incentive for people to ░░░░░░░░ gosh I will get ░░░░░░░░ vaccine maybe I m ░░░░░░░░ little hesitant but I ░░░░░░░░ do it so I ░░░░░░░░ t have to wear ░░░░░░░░ mask everywhere I go ░░░░░░░░ think that is step ░░░░░░░░ if we want more ░░░░░░░░ to get vaccinated I ░░░░░░░░ of the mind for ░░░░░░░░ to make their own ░░░░░░░░ decisions with the best ░░░░░░░░ but coercion and mandates ░░░░░░░░ be the last resort ░░░░░░░░ again there are some ░░░░░░░░ influential people telling the ░░░░░░░░ House listen check on ░░░░░░░░ legality of later but ░░░░░░░░ now and make this ░░░░░░░░ national mandate Your thoughts ░░░░░░░░ that potentially happening Oh ░░░░░░░░ know I think that ░░░░░░░░ t be on the ░░░░░░░░ first of all Charles ░░░░░░░░ gets into a much ░░░░░░░░ gray area when we ░░░░░░░░ to talk about mandates ░░░░░░░░ requirements for example private ░░░░░░░░ businesses which was part ░░░░░░░░ the decision from the ░░░░░░░░ I think that gets ░░░░░░░░ lot more gray because ░░░░░░░░ have the right not ░░░░░░░░ get vaccinated They don ░░░░░░░░ necessarily have the right ░░░░░░░░ services provided by businesses ░░░░░░░░ don t necessarily have ░░░░░░░░ right to work at ░░░░░░░░ particular job It gets ░░░░░░░░ gray when we talk ░░░░░░░░ the government as a ░░░░░░░░ State of California city ░░░░░░░░ New York City veterans ░░░░░░░░ hospitals requiring their workers ░░░░░░░░ get vaccinated There are ░░░░░░░░ of gray here But ░░░░░░░░ course the darkest shade ░░░░░░░░ gray for the federal ░░░░░░░░ to require everyone to ░░░░░░░░ vaccinated There is no ░░░░░░░░ precedent for that There ░░░░░░░░ precedent requiring public schoolchildren ░░░░░░░░ get certain vaccines Requiring ░░░░░░░░ workers to get certain ░░░░░░░░ well more likely see ░░░░░░░░ requirements in place before ░░░░░░░░ see an overall full ░░░░░░░░ universal mandate Charles on ░░░░░░░░ notion children and wearing ░░░░░░░░ indoors as a perhaps ░░░░░░░░ a only way that ░░░░░░░░ kids might be able ░░░░░░░░ go back to school ░░░░░░░░ comfortable are you with ░░░░░░░░ with these with mandatory ░░░░░░░░ wearing for young very ░░░░░░░░ children I suspect might ░░░░░░░░ only way a lot ░░░░░░░░ kids will be allowed ░░░░░░░░ to school in September ░░░░░░░░ of all I understand ░░░░░░░░ example the academy of ░░░░░░░░ pushing hard for wearing ░░░░░░░░ in schools in part ░░░░░░░░ an effort to keep ░░░░░░░░ open Of course I ░░░░░░░░ schools to stay open ░░░░░░░░ I will say for ░░░░░░░░ youngest children I have ░░░░░░░░ children under the age ░░░░░░░░ five the World Health ░░░░░░░░ has held since August ░░░░░░░░ last year no one ░░░░░░░░ the age of five ░░░░░░░░ be required to wear ░░░░░░░░ mask I m with ░░░░░░░░ W H O there ░░░░░░░░ about very young children ░░░░░░░░ is pretty clear about ░░░░░░░░ and their contagiousness They ░░░░░░░░ not vectors for the ░░░░░░░░ They are affected by ░░░░░░░░ disease very frequently at ░░░░░░░░ Much more likely to ░░░░░░░░ sick from something like ░░░░░░░░ flu So I don ░░░░░░░░ think we should be ░░░░░░░░ masks on very young ░░░░░░░░ We should instead be ░░░░░░░░ and trying to discover ░░░░░░░░ the impact of masking ░░░░░░░░ on the youngest children ░░░░░░░░ not a lot of ░░░░░░░░ curiosity or scientific curiosity ░░░░░░░░ although a few reports ░░░░░░░░ being done right now ░░░░░░░░ indications we ll be ░░░░░░░░ golly that wasn t ░░░░░░░░ the right answer either ░░░░░░░░ appreciate our conversations I ░░░░░░░░ t know you were ░░░░░░░░ to three God bless ░░░░░░░░ Thank you Charles the ░░░░░░░░ variant surging as more ░░░░░░░░ are pushing back the ░░░░░░░░ workers they are demanding ░░░░░░░░ workers come back Bring ░░░░░░░░ peoples corporation don peoples ░░░░░░░░ real estate stocks are ░░░░░░░░ all time highs yet ░░░░░░░░ got cities like New ░░░░░░░░ somewhat hollowed out and ░░░░░░░░ is a general assumption ░░░░░░░░ investors that they will ░░░░░░░░ back but I don ░░░░░░░░ know It seems like ░░░░░░░░ is always some sort ░░░░░░░░ a misstep and every ░░░░░░░░ there is a misstep ░░░░░░░░ will make it harder ░░░░░░░░ New York to get ░░░░░░░░ to full vitality What ░░░░░░░░ you thinking here Look ░░░░░░░░ assumption I m inclined ░░░░░░░░ agree with your assumption ░░░░░░░░ think the road to ░░░░░░░░ big cities recovering will ░░░░░░░░ a longer road that ░░░░░░░░ think I was surprised ░░░░░░░░ the investor response to ░░░░░░░░ commercial real estate stocks ░░░░░░░░ some of the reits ░░░░░░░░ was talking with a ░░░░░░░░ of mine markoff man ░░░░░░░░ merrill lynch We were ░░░░░░░░ this One of the ░░░░░░░░ he pointed out he ░░░░░░░░ absolutely right the marketing ░░░░░░░░ at activity demand for ░░░░░░░░ construction in real estate ░░░░░░░░ especially in New York ░░░░░░░░ seeing a shift from ░░░░░░░░ old office buildings to ░░░░░░░░ newly renovated building or ░░░░░░░░ construction So the companies ░░░░░░░░ are owning those assets ░░░░░░░░ those assets are doing ░░░░░░░░ better than say the ░░░░░░░░ companies that have older ░░░░░░░░ Charles right I think ░░░░░░░░ will be much New ░░░░░░░░ has a long road ░░░░░░░░ of it So do ░░░░░░░░ other cities I think ░░░░░░░░ will work remotely for ░░░░░░░░ while Charles I think ░░░░░░░░ could see where you ░░░░░░░░ argue brand new building ░░░░░░░░ new ventilation system It ░░░░░░░░ much healthier We re ░░░░░░░░ those kind of commercials ░░░░░░░░ TV I see to ░░░░░░░░ point where that is ░░░░░░░░ but it is really ░░░░░░░░ I want to stick ░░░░░░░░ the idea of the ░░░░░░░░ cities coming back and ░░░░░░░░ a different angle Runaway ░░░░░░░░ we see it one ░░░░░░░░ the big stories out ░░░░░░░░ they say St Louis ░░░░░░░░ Detroit they have upside ░░░░░░░░ with rampant property and ░░░░░░░░ crime When I see ░░░░░░░░ what are they seeing ░░░░░░░░ commercial builders going to ░░░░░░░░ away from the bad ░░░░░░░░ I think they re ░░░░░░░░ by the way We ░░░░░░░░ a project in Philadelphia ░░░░░░░░ do the hotel We ░░░░░░░░ on the market we ░░░░░░░░ t see in the ░░░░░░░░ future the market recovering ░░░░░░░░ cities are at risk ░░░░░░░░ re having crime across ░░░░░░░░ board See what happened ░░░░░░░░ D C the other ░░░░░░░░ at the nationals stadium ░░░░░░░░ outside of there I ░░░░░░░░ we have to really ░░░░░░░░ ahold of public safety ░░░░░░░░ what we re seeing ░░░░░░░░ because of these bail ░░░░░░░░ because of these the ░░░░░░░░ of you know petty ░░░░░░░░ and quality of life ░░░░░░░░ that crime is beginning ░░░░░░░░ get out of hand ░░░░░░░░ think that we I ░░░░░░░░ the biggest threat to ░░░░░░░░ term commercial real estate ░░░░░░░░ is public safety and ░░░░░░░░ of life in these ░░░░░░░░ I think the mask ░░░░░░░░ for example if that ░░░░░░░░ back I think that ░░░░░░░░ be devastating to the ░░░░░░░░ overall in these major ░░░░░░░░ as well just when ░░░░░░░░ are getting back out ░░░░░░░░ I think you got ░░░░░░░░ look long term at ░░░░░░░░ happens I think that ░░░░░░░░ we get ahold of ░░░░░░░░ safety people will stay ░░░░░░░░ from cities That means ░░░░░░░░ as well People are ░░░░░░░░ going to come to ░░░░░░░░ where they don t ░░░░░░░░ it is safe Charles ░░░░░░░░ I agree I mean ░░░░░░░░ know we saw we ░░░░░░░░ seeing it We re ░░░░░░░░ people actually react People ░░░░░░░░ want to save the ░░░░░░░░ Don wish we had ░░░░░░░░ time Been too long ░░░░░░░░ re absolutely tremendous You ░░░░░░░░ across all the aisles ░░░░░░░░ give it straight and ░░░░░░░░ appreciate it Thank you ░░░░░░░░ Charles so are we ░░░░░░░░ a do or die ░░░░░░░░ for infrastructure Well my ░░░░░░░░ guest is a congressman ░░░░░░░░ Nancy Pelosi to put ░░░░░░░░ aside for the sake ░░░░░░░░ the American people before ░░░░░░░░ is too late Dan ░░░░░░░░ is up with us ░░░░░░░░ the break Plus the ░░░░░░░░ valuable companies in the ░░░░░░░░ folks are all going ░░░░░░░░ report their quarterly report ░░░░░░░░ I can tell you ░░░░░░░░ now if the selloff ░░░░░░░░ Tesla proves anything you ░░░░░░░░ t beat the street ░░░░░░░░ enough Maybe you will ░░░░░░░░ it and we ll ░░░░░░░░ about buy sell or ░░░░░░░░ when we come right ░░░░░░░░ It s a 13 ░░░░░░░░ flight that s not ░░░░░░░░ weekend trip 15 minutes ░░░░░░░░ we board Oh yeah ░░░░░░░░ gotta take off You ░░░░░░░░ the td ameritrade mobile ░░░░░░░░ so you can quickly ░░░░░░░░ the markets Yeah actually ░░░░░░░░ m taking one last ░░░░░░░░ at my dashboard before ░░░░░░░░ board Excellent And you ░░░░░░░░ thinkorswim mobile So I ░░░░░░░░ finish analyzing the risk ░░░░░░░░ this position.