Trump Holds Meeting On Small Business Amid Pensacola Shooting | NBC News (Live Stream Recording)

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Published: 12/06/2019 08:47 PM

President Trump holds a roundtable meeting on small business and his administration's red tape accomplishments amid a shooting at a naval base in Pensacola, Fla. that left multiple people dead and injured. » Subscribe to NBC News: » Watch more NBC video: http://...

The king said that the saudi people are greatly angered by the barbaric actions of the shooter and that this person, in no way shape or form, represents the feelings of the saudi people who loved the american people so much so that was just given to me by The king of saudi arabia - and i can tell you it's a horrible thing that took place and we're getting to the bottom of it all of the investigato ...
s. Are there now and they're studying it very closely and terrible things and our condolences go to the families and to everybody involved, including the wounded? We have some badly wounded people also, and we have to extend our condolences to themand, we'll be working with them all very closely. So i just wanted to let you know that was from king solomon and today we're here to talk to some of the very hard-working citizens who are benefiting from our historic record-setting campaign to eliminate job-killing regulations. I will tell you: the market is up 325 points today on great job numbers. The numbers have been phenomenal. Actually some people said so spot-on, so so good that they've actually never seen anything like it. It'S a long way from when people were rooting for a recession because they feel like they could maybe win an election, but we don't work for a recession we root for success and we're havingtremendous success. I want to thank vice president mike pence who's here right here. Mike thank you, as well as secretary gene scalia secretary elaine, chao, acting omb director russ vote and acting administrator chris pilkington. Thank you all very much for being appreciated, appreciate it very much. It'S been an incredible period of time economically for our country, probably the best ever, and we have the best unemployment numbers in over 54 years, we have the best numbers for african-american came out today, again african-american hispanic asian-american, the best numbers we've ever had numbers for women Are in a record number, we think that it will, probably if it keeps going like this very shortly be totally historic. Butthere are numbers that nobody ever believed possible.

Nobody would have believed it frankly in the campaign. I would have never said it, but i felt we were going to do very well. That'S despite the fact that we're paying interest to people that have their money in the bank and other countries are not so they have a great competitive advantage and yet we're by far far and away the most successful economy anywhere in the world. We'Re doing better than any other economy in the world, and you know we've created many trillions of dollars of wealth since the election, other countries have lost many trillions of dollars, we're by far the largest economy in the world. Andthat was going to change for many years. They were saying that was going to change. We were going to go to number two during this presidency that was years ago, and i guess that the wrong president got elected from the standpoint that there are a lot of people very unhappy about it, so they wish. They certainly think it was the wrong president that would have rather had somebody else, because they're not number one we're number one or when we're so far ahead, that people can't even believe it so we've had tremendous success. We'Ve had it together. This has been a great group of cabinet members, and the people in the administration have done a reallygood job. Who was just reported that we added another two hundred and sixty six thousand jobs in november, and we've also had very favorable numbers outside of the two hundred and sixty sixth, including some of the past numbers, have been corrected in a very positive way. Also so we have two hundred and sixty six thousand jobs, plus we've created seven million jobs.

Since my election, unemployment is at the lowest rate. As i told you in many years and in many ways, i think we can probably very soon and say historically a record 158 million americans in working. That'S the largest number in the history of our country. We'Ve never had 158 million people. Working andwe should be breaking the 160 million magic mark fairly soon the stock market. Today, as you know, it's up 325 we've hit another record high. I believe that's a hundred and twenty eight times something like that that we've broken the record, the all-time record for stock market highs and think of that about a hundred and twenty eight times, and we've been here for less than three years. So it's, and that i can tell you - is a record: 2. 5 million americans have been lifted out of poverty. African american hispanic, american asian american poverties poverty levels in the positive sense have hit record lows. That'S something that nobody thought was going to be possible in a shortperiod of time either. So they've all hit record lows.

Our regulatory reform efforts are delivering prosperity to forgotten men, women and children of america. We are seeing a middle-class boom led by blue-collar jobs, and that's one of the things that so great the blue-collar workers, great workers of our country, they're, really benefitting tremendously from what we've done, with the tax cuts and all of the other things that we've done and And very big, i think, is the regulation cuts because even before we were able to get the tax cuts so successfully from congress. We started cutting regulations immediately and that had a big impact and that's why we went up so much between the electionvictory, so you'd say really from november 9th the day after the election up until january 20th, the inauguration these stock markets and jobs. What literally went through the roof, and if the election were lost, it would have gone right through the floor. It would have been a disaster. The soaring stock market is boosting pensions, 401ks and college savings accounts at record levels. We'Ve added 10 trillion dollars in value to the economy, helping these small businesses that create two out of three new jobs. Nearly every single state has seen record numbers. Almost every state i can tell you every state i've been to in the last three months is having the best year they've ever hadand, that's because of the federal policy and they're very thankful. The governors are very thankful. The senators are very thankful, they're, all very thankful, so things have happened that nobody thought would be possible, but literally every state i go to is setting a record for their state, individual states and one of the states that just reported and it's because of our actions. Not because of their actions this i can tell you, because directions are very negative.

California is doing much better than anyone anticipated because of what we've done at the federal level. So i'm very happy about that. Next year we will continue. Our bold to regulatory campaign will remove costly burdens to make carssafer and more affordable. I don't know if you know what's going on we're in a dispute with california, california, in order to save a tiny amount of fuel, of which we have plenty. We have numbers that nobody ever would have believed possible. We'Re the largest energy producer now in the world and we're an exporter of energy for the first time in our history really. But we can make cars much less expensive, much better, much stronger and about the same from an environmental standpoint very close. But then, when you realize that many old cars will be taken off the road because they don't want to get rid of them because they don't want to buy thenew cars because, frankly, they don't work very well that little like there's you take that. Sometimes it's a mad about that much gasoline. It'S a difference between three thousand five hundred dollars: extra computers put on the engines and all of the other things that you have to do, but the cars are much safer. Our cars are much safer and much cheaper and much better and the reason they're safer is because they can be heavier because right now the cars are made out of paper mache and ours are actually.

We allow steel content and so people are getting very excited about it. We have some good support with the auto companies, the only ones that don'tsupport of the crock companies that want to be politically correct, but will end up in some litigation with california. But just remember our cars are safer and, and they are much safer by the way and they're better they operate better and in every way we think it's going to be terrific. We have a lot of support from the car industry and you talking about a saving of $ 3500 on average per car. That'S a tremendous saving and one of the other things from an environmental standpoint. Many of the old gas guzzlers are that they're spewing out bad things are going to be coming off. The road cars that are 10 years old and older people willbe going to the new cars, because the pricing is better and the net result of what happens environmentally. Is a very positive result because a lot of old cars are going to come off the road. They will come off the road with the california standard, but they'll come off the road with our standard. So you have a better car for less money and it'll be safer, we'll end the regulatory assault on franchise, small businesses, which a lot of the people around the table want to do because they're very, very strongly affected will provide greater financial freedom and flexibility. For us truckers and the trucking industry has gotten right alene out of control. You might wantto say a few words about that in a minute, but it's gotten out of control and we're doing other things too light bulb.

They got rid of the light bulb that people got used to the new bulb is many times more expensive and i hate to say it it doesn't make you look as good, of course, being a vain person. That'S very important to me gives you an orange look. I don't want an orange light. Has anyone noticed it so we'll have to change those bulbs at least a couple of rooms where i am and the white end, but we're going back to the double stage? Do we have a standard of the new bulbsand? We have? We have the l bulbs and they're already making the old bulbs. Many people were complaining that the new bulbs were much much more expensive many times in some cases more expensive and the other thing they're considered a hazardous waste that, because it's largely a gas technology when the bulb is disposed of, you're supposed to bring it to a Hazardous waste site, i said how many people do that? No, nobody does it, and you know it's a bad thing, so you probably heard about it. You probably read about it and you'll be able to buy light bulbs that actually are better lighting. An opinion of many - and i tell you in my opinionand for a lot less money and so we're doing that, but you'll also be able to. If you want, you can buy the other bulbs. Also and i'll tell you even the bulb. Companies are very happy about that, but together we're defending the american workers, we're using common sense. We have a situation where we're looking very strongly at sinks and showers and other elements of bathrooms, where you turn the faucet on in areas where there's tremendous amounts of water, where the water rushes out to see because you could never handle it. And you don't get any water, you turn on the faucet, you don't get any water, they take a shower and water comes drippinghow.

It'S dripping out very quietly tripping out. People are flushing, toilets, 10 times 15 times, as opposed to once they end up using more water. So epa is looking at that very strongly and my suggestion you go into a new building or a new house or new home, and they have standards. Only you don't get water, you can't you can't wash your hands practically this. So little water comes out of the faucet and the end result is you leave the faucet on and it takes much longer to wash your hands. You end up using the same amount of water, so we're looking at very seriously and opening up the standard and there may be someareas where we'll go the other route desert areas. But for the most part you have many states where they have so much water that it comes down. It'S called rain, they don't know they don't know what to do with it. So we're gon na be opening up that i believe and we're looking at changing the standards very soon and that's a little bit like the lightbulb. Were you gon na bow? If it's better for much less money, we go back, but you have the other alternative and you'll keep the other alternative, with sinks and showers etc too, but that's been a big problem, so a lot a lot of the things we do are based on commonsense. Somebody said: is that a conservative is it a liberal thing? Is it what is it? What are we doing? I said it's a common-sense thing, and so many so many of the things that we do it's based on common sense like the car, the car will end up with that net: tremendous saving environmentally. When you think of all the cars, the old cars, it will come off, the road you'll end up with a very better car and you'll end up environmentally it'll, be ultimately much better.

So with that i'd like to introduce mike pence, our great vice president and mike, you might want to say a few words and, very importantly, go around thetable with a couple of the people you want to introduce. Well. Thank you, mr. president, and it's a great day in america we clear the threshold, seven million jobs created, and i assured all these business leaders and owners around the table earlier, mr. president, that they have a president who understands that. Well, you you've advanced tax cuts and tax reform at a historic level unleashed american energy bought open markets, free and fair trade and rolled back regulation at a historic level that you, as someone who built a lifetime in a business and grew up in a family, doesn't Understand that it's it's businesses that create those jobs and - and we really have a group aroundus - this done an incredible being a part of that extraordinary economic boom - that's underway. But i assured them that, for all that, we've accomplished is just what you consider to be a good start, and today several of them have welcomed the opportunity to share their stories, but particularly cutting federal red tape has meant to their businesses and and how we can Continue to build the momentum in this economy through more regulatory reform, i'm going to introduce all three of them first and then they can just go at at their timing. And yours, bart smith, is the president of journey steel, which was founded ten years ago based in cincinnati. Brian newby is vice president ofthe bank of laverne and laverne oklahoma and drude dewalt. His co-founder of rum bik's incorporated a field data capture company is revolutionising aspects of the construction industry and also a navy veteran and i'll also encourage you to hear from being a weber whose family business was started 50 years ago by her dad, and she told me She'S worked there for forty eight of those years growing up and is a part of a burgeoning and growing pipe business in this country. That'S benefited by the efforts that you picking on steel, and so these are great job creators and i told all of them how grateful we were to have them here for what they're doing andhow anxious you are to hear how we can continue to build the momentum In this economy, so my name is mark smith and i'm the president of journey steel journey still is a self performing steel, fabrication and erection company we're headquartered in cincinnati, ohio, my partner and i established journey in 2009, built on passion, integrity and dependability. We provide one-time safety driven in budget projects to our clients, while also impacting the community.

We have a year-round pay pre-apprenticeship program that target inner-city high school seniors so upon their graduation. We get them started on their career in the construction industry. My company is certified. Eight awos b mbe and on a state-level edge and dbe whichthese programs are put in place to help small minority women-owned businesses to grow. However, some of the regulations that are in place really hinder that opportunity for us. If i may share an analogy, you're gon na i'm dorothy, the ruby red slippers are the recertifications that i have and the agencies point me on the yellow, brick road. I'Ve made a lot of friends along the way. They'Ve been very supportive on my journey to the emerald city and when i got to the emerald city those big doors closed. In my face, because of some of the regulations, they told me to go back jump through some wicked hoops, which i managed to do got back. The doorswere then open only for me to find another set of regulations behind the curtain. So my ask of this administration would be remove those regulations. Let us get to the man behind the curtain, who knows the power and those ruby red slippers that they've given us to open those doors for contracts, so that we can truly engineer out those regulations down.

Did you think around now? I assume you think they're unnecessary, because some regulation is needed. I won't say they're unnecessary. Like said great people in the sba, i'll use that as part of it like said they are tremendous, they know their job. You know the ones barber stuck and i'm gon na try. Yes andif, we can do it, you do it yes and there's just simple with the regulations with a new 8a farm being small minority women on some of the things that we need. The biggest thing we need is a mentor and in order to get a mentor, who has the past performances, who has the bonding capabilities? Who knows how to work for the government, which is one of the biggest fins in the construction industry? As you know, you spend billions and billions of dollars before the small minority woman on business who can't get to that company. That'S already been there. The regulations are in place where these agencies can't give me a list. They can't helpme find that mentor and even though i'm a knock on the door, i may not get to the right person. So that's just a simple regulation that hopefully would be able to be removed because if we're able to get to the right people understand that get the mentors in place that help us grow so that we can hire more people change the economy, get more people to Work that would truly benefit, which was what these programs, i believe, was established where to begin with is to help the minority small businesses be able to access federal contracts. Ok, good! Thank you both very much. Thank you.

That'S right today appreciate it very much ryan, newby, fromlaverne, oklahoma, northwest part of the state represents small community bank in the oklahoma, panhandle and i say small were 58 million in total assets, 26 million in loans and a few points no one to hit on was the Reform and repeal of dodd-frank, we, like a lot of other banks in oklahoma, got out of the mortgage lending business and due to the compliance red tape that we were having to deal with. 40 percent of the banks in oklahoma got out of the mortgage lending business. At that time, and with your deregulation, we've been able to get back into that and serve our customers. Well, they were sending them. You know 4050 miles down the roadto competition, so it's been a big plus for a bank like us. A couple other points i'd like to make - or i don't seem like big things - to other people but longer exam cycles for well capitalized banks. You know 18-month exam cycles which helps cut down on compliance costs. We want to deal with the kilometers as much. We can serve our customers and also the corporate tax rate being lowered to from 34 % to 21 %, saves us thousands of dollars a year to reinvest in our community and make more loans for our customers. So again, thank you. Thank you. Everything you guys have been doing good job you doing, there's some good things.

Thank you verymuch mr. president's honored to be here today. My grandfather was a world war. 2. Your navy veteran and spent the rest of his career running a small business, a construction company. So i guess you could say a fault in his footsteps: i'm also a navy veteran got into construction afterwards, actually developing and building large infrastructure projects and then started my own small business. It'S a technology company providing technologies for construction companies operate more efficiently. I really think until we started our business rum bik's, my co-founder is actually a navy veteran as well, so we sort of business. Nobody had built technology and software solutions for the men and women actually building construction. You don't geta built in somebody's hands, get put on it. So that's what our business does to really drive efficiency in the construction industry, and these experience i've gained a great appreciation for the construction industry, all the good that it does. But, as you well know, with all your building completed, it's a it can get pretty complicated, costly and inefficient.

So i love the direction deregulation approach, we're taking here. As part of my business, i get to go to construction companies boots on the ground across the country. I'Ve seen the drag that over over do for a good luck. Regulation has on the industry. That being said, none of the builders that i meet with and worki've ever seen the industry booming as much as it has right. Now they have the largest work backlogs that they've ever had and the only thing constraining the industry right now is find enough people to do the work. So we can sidebar drive more people and encourage more people to join the trades, which is a lucrative individual business and can prop up this part of the economy. That would be welcomed, but there's still more issues to be solved. You know, i think i see a lot of companies doing federal contracting work that have added costs to their business of specific software and overhead headcount. Just for compliance, no other economic result on the business, otherthan, making sure you're compliant you find later, and then i see good projects getting done and they're still not out of risk because had a contractor tell me about six months after job being completed, they got sued For payroll non-compliance they had to fly somebody from the u. s. to australia to dig through the garage of a former employee for a legal box looking for the right paperwork to verify, so they didn't get sued.

You'Ve done enough building, i'm sure you've been in a similar situation. It'S it's crazy. These inefficiencies still exist and i think there's just such a good opportunity. I think what i do on the technology front is is important for taking aan industry. That'S trying to move forward. Actually, to take that next step, but i think the regulation piece candidly is a bigger opportunity that everybody's championing around this table. So you can actually look for opportunities to remove duplicate'iv regulations from the federal state and local level and actually drive even more efficiency, because it's the second largest industry in the nation. And if you can put more juice in the tank there, you can get even better results and i'd love to help any way i can, but i appreciate you inviting me today. Thank you very much good job, good job. You'Re doing you know, we have a lot of things that we're working on oneof them is to build a road can take 22 years to get approvals and we've got to weigh down. Now we had three roads where they've been going for many many. If we going for decades alain knows this better than anybody and at the end of 20 years right at the end of 20 years, we literally you go for a vote and you get turned down.

So they've been trying to get an approval for 20 years and then they get turned down like three to two or something and we've got that process down to four and a half years it's gon na, be i think it's going to be two years. We'Re gon na try and getit down to almost one year that doesn't mean a road or a highway doesn't get approve, but if they don't get approved, it goes quickly, so they get rejected quickly, but they also mostly will get approved quickly and alain's doing a fantastic Job and bringing it down, we've had so many that so many examples of roads. It took 17 18 19 years to get approved and by the time they get approved, they cost 50 times more and after to all sorts of turns, together to certain errors from an environmental standpoint, instead of being straight and much safer, so we've been able to do That and i think those people in the steel industry have beengreatly helped by the tariffs, because the terrorists made the steel industry. It'S incredible. What'S happening the money that's being spent in steel today, i don't think we would have had a steel industry. If i, if i didn't get elected, you wouldn't have a steel industry, because ultimately, every steel mill was closing. They were dumping steel at a level that nobody's ever seen before, and they were dumping it in order to really destroy our steel industries so that we had to buy from them. And now the steel understood, if you look at what's going on the the industry, is doing incredibly well they're, building a lot of extensions and building brand new plants where they neveryou know this rustle, they never built a new plant. I mean they hadn't built one in years and now they're building new plants all over the country, they're expanding existing plants all over the country and the steel industry is doing stop doing even better with what we're doing so. It'S been very exciting, especially since the economy is now even stronger than at the beginning, and i think what i'd like to do is ask larry, cutler the great larry kudlow to say a few words. The numbers came out today, the job numbers and, yes, i think she wanted to share. I hope we get backed up first of all, you're the first president in the 40years plus i've been in this business.

This actually set up for manufacturing. I want to say thank you, the tariffs and the trade policies that you have have made a huge difference for us and a big difference. We are investing at record levels. We have over the last three years. We are paying profit sharing bonuses and wage increases at record levels over the last three years and we are having companies. Customers come out of the woodwork that we didn't even know existed coming to us because to inquire into buy steal from us. We make specialty still to me, so you have made a tremendous difference, do and that's on top of all the the taxrelief and the regulatory burdens that i just want to. As i said earlier, please keep doing what you're doing for at least five more years. Thank you very difference in this deal and many industries, but the steel industry in particular. Was we weren't going to have a steel industry and that's so unacceptable, even from a defense standpoint i mean, can you imagine if we have to if we need? We need steel and we have to go to another country to get steel, and that was what was happening. Everything was closing down and very unfairly and done with purpose. I mean these people were coming in with purpose negative purpose, so they're not too happy butour people are very happy and the industry is doing fantastically well it'll, soon be at numbers.

That will be almost like the old days and maybe like the old days, larry kudlow. You also a good manufacturer, i noticed 50,000 jobs or something created over a short period of time and the previous administration said manufacturing. You need the magic wand. You know, we've all heard the statement, but they basically said it was a dead business when in fact it's one of the most important sets of jobs. I think you can have anywhere. Could you give a little discussion as to what took place today when they announced the numbers early in the morning over five hundredthousands of manufacturing jobs? So that's just a couple of quick when the report today was plus two hundred and sixty-six thousand jobs for the month of november, but the prior two months were revised higher by forty one thousand. So actually, today's numbers three hundred and seven thousand after you and i spoke last night. I went back and cross-checked and sure enough. This is the fourth straight month of upward revisions from the prior period and that's a leading indicator of a strong economy. A couple of other quick ease on there's three point: five percent unemployment rate: that's near the 50-year low since you've been president, the average working family right, husband, wife, two kids. After inflationafter taxes has gone up, five thousand dollars, that's take-home pay five thousand dollars. The prior two administrations were basically flat and then part of this worker boom.

This american worker boom theme. So, since you've been president, the production workers are increasing their wages. At a three point: seven percent annual okay production workers, 3. 7 % - and you will increase their managers. Wages are rising 1. 6. So the folks on the line, the folks wearing the blue collars or whatever the folks getting their hands dirty. They are working so well. Their wage gains are almost twice the gains of their own managers. You know what i've never seen it before and, as you know, i've been around three orfour centuries, easy numbers really to work with everything. Those numbers were great the funny day. Elaine maybe want to discuss a little bit about transportation and, in particular, the highway and the building of the highways and roads and everything that we're working on so hard.

This is the president that really cares about the condition of our infrastructure, and we continue to want to work with the congress on a bipartisan basis. You'Ve always said that that's a down payment to the president's proposal infrastructure. The department spends about seventy billion dollars every single year to address, should we hurt furbish, rehabilitate bridges, roads highways, and so we remain very focused on our goal. As the president haswanted he's also asked us to look at the permitting process and how important that is to. I know several of you around the table and others, of course, who are in this business, so he's been a very strict taskmaster. He has asked that for every tune, every one new regulation we've got to withdraw at least two, and i think any hoe administration has done much better. Brooke mentioned that for every one new regulation about seven point, five, seven and a half regulations have been withdrawn. So this is a tremendous you know, lifting of the burden on people's backs, small businesses and particular - and i also want to mention one other thing - that the president mentionedabout the safe vehicle act. You know when we have we all care about the environment, but when cars cost too much people don't trade in their cars and when that happens, and people keep older cars, that's actually unsafe. So our new fuel economy standard will be one of this administration's biggest legacies. In terms of a deregulatory action and it's going to introduce and improve safety on top of that, because also cars that are too light are not safe. So, mr.

president, you also let the way on that, because we have a system, that's obsolete, it's ridiculous! It'S a ground-based system which nobody can even imagine, because it's a 40-year old system, they've spent billions, andbillions and billions of dollars over the year, trying to upgrade it when you can buy a new system brand new with the top-of-the-line. There are basically four companies that are in that business, but you could buy a new system for less money than it costs to renovate little pieces of this old obsolete system. I'Ve been in plains where the pilots don't even want to use our system, they use another country system to land in new york city or to land in other parts of the country like oklahoma, but they'll use somebody else's they'll use somebody else's system, air traffic control. It'S obsolete and we're working on a project where we make a deal to geta, great system and well, hopefully, we can meet on that soon, with maybe with you, people will talk about it: okay, the vice president. You were both here. You have a tremendous interest in commercial space and six years ago the us was way behind all other countries. In the last three two and a half years under your leadership and the vice president's leadership of the space council, america is once again number one in commercial space law number one by four. So we've done very well with the space jean scalia. You'Ve done a good job in that first short period of time, right secretary and then you call me this morning to say you have weighedthe numbers are yeah. I called you this morning, i'm in the job. Two months i mean it's such a treat and he'll gon na report, these companies, four hundred and twenty-two thousand jobs in the two months that i've been in the position and i get to talk to the american people about these results. And you know this is cause and effect right.

It'S cause and effect. The effect is unprecedented numbers, they're, spectacular and and wages. That'S so important and wages at the lower level are going up more as larry missing and the effect and the cause. We know what it is right, it's it's! What we're here talking about it's a tax cuts is the deregulationand, so it's cause and effect - and i bet you if we went around the table apart from wanting to deal with regulations and keep at that right. Apart from that, i bet that one of the biggest things on these folks minds right now is finding workers, that's a challenge of small business and that's how strong our economy is. When you talk to business people, one of the biggest worries they have is finding workers, and - and so we heard michael - was talking a little about helping with reentry barb. You were talking about apprenticeships. Those are things that mr. president, you're focusing on the vice president says so we're addressing that. But i mentioned just to showhow strong. The economy is right now and you know and again that's that's the effect of the things you had causing it to these policies. So, thank you very much.

Everybody we're successful period of time for our country, the most successful, probably in the history of our country, anything like that. We'Ve never had these an unemployment numbers or employment numbers and we're very happy about it. A lot of hard work. Thank you very much. Everybody tell us about the well, that's all being studied now well before report on it very shortly. If this is this, could this be conservative? Terrorism act weird, not gon na report on that yet, but we'll be talking about it verysoon and they could. We have a lot of great people looking at it and interviewing people and deaths and it'll, be a report, and the report will come out very soon. [ music, ].

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