Hour 3: Fed Decision

Fed Decision.

Episode Transcript

Speaker 1 (00:00):
While Socialist mayoral candidate Zura and Mamdani comes home now
in the wake of tragedy, got to admit he's a
charming guy. He knows his lines really well too, like
most actors, but every con man is charming. He blast
Independent candidate Andrew Cuomo for daring to criticize him for

(00:21):
not being in New York when the mass shooting occurred.

Speaker 2 (00:26):
For the former governor to have spent an entire day
speaking almost exclusively about me and barely about the New
Yorkers who have been killed is indicative of the very
politics New Yorkers want to leave in the past.

Speaker 1 (00:42):
The first of the funerals for the four killed in
the Park Avenue mass shooting happened yesterday twenty seven year
old Julie Hyman from Rudent Management. She was the youngest
of the victims and graduated summa cum laude from Cornell.

Speaker 3 (00:56):
You know that love is a choice, and it's a
choice you make those you love every day.

Speaker 4 (01:03):
During the hardest times of my life.

Speaker 3 (01:05):
You've given this.

Speaker 4 (01:06):
Gift to me without question or hesitation, and I love
you for that.

Speaker 1 (01:12):
The funeral for a thirty six year old police officer,
Dita Rule Islam will be held at a mosque in
the park Chester section of the Bronx this morning. And
can you believe this, after hitting commuters with congestion pricing,
the MTA wants more money, money, money, a raid hike
across the board, trains, subways, buses and yes for cars

(01:35):
at the tolls and the bridges. Do you have congestion
pricing already implemented? What do you say to someone who.

Speaker 5 (01:42):
Oh, I'd say that, like, we got to remember what
is really driving affordability issues in New York and it's
not transit. Transit is one of the few things that
makes New York affordable.

Speaker 1 (01:53):
How about the fat Huh? It did exactly what it's
always been doing. Nothing. It refused us to budge on
interest rates, even though all the economic factors, the economy, investments,
unemployment GDP, which was out there very same day and
skyrocketed all because the Fed chair Jerome pal says, inflation's

(02:17):
still too high. Really, he didn't feel that way just
a few months ago.

Speaker 5 (02:22):
When they had the jumbo ray cut fifty bases points
just before the election in September of twenty twenty four,
the inflation ray was three plus YEP.

Speaker 6 (02:31):
Now it's in the twos.

Speaker 1 (02:33):
The tsunami wave came and hit the island of Hawaii
with no major damage and no loss of life.

Speaker 5 (02:41):
So far, we have not seen a wave of consequence,
which is a great relief to us.

Speaker 6 (02:45):
It's kind of a blessing to not be reporting any damage.

Speaker 1 (02:48):
So you hear that, right and you're living in California
along the coast, and you get a sense of relief
right away. You think, well, there's no wave of consequence
that hit Hawaii, as the governor just said. But hours
later in Ventura County, a wave of consequence hit.

Speaker 3 (03:06):
You know that love.

Speaker 7 (03:13):
Oh No.

Speaker 1 (03:16):
Nine people had to be taken to the hospital when
that wave, a rogue wave they're calling it, hit Pierpoint Beach,
going well over the wall and into the streets, hitting
buildings and washing away cars and washing away some people.
Luckily they all survived. It also damaged buildings And what

(03:36):
a scene it was in Birmingham, England, when tens of
thousands lined the streets to say goodbye to Ozzy Osbourne
as the funeral procession made its way in a private ceremony.

Speaker 8 (03:51):
Ozio was born.

Speaker 7 (03:52):
One of the first albums I owned, Pleasant of oz
Change the luck.

Speaker 1 (03:58):
Yeah, it was amazing what happened. They were going their
way to a private ceremony, the whole family and friends, agents,
everybody that was going to this private funeral, and they
were driving through the streets and they stopped when they
saw this huge pile of flowers and they went over
there and then the crowd started singing Ozzy Osbourne's songs.

(04:19):
It was a It was a wonderful, wonderful moment. So
tomorrow is the deadline for the tariffs. What is going
to happen. So now we are having talks right now
with China, and it looks like a deal is going
to be made then. And it looks like South Korea
is now going to make a deal that was announced

(04:40):
last night that that is expected to happen. So when
we talk about the top ten countries, remember the top
fifteen make up like ninety eight percent of our trade.
When you talk about the top ten countries, we have
deals now with eight of them. And so all of
this fear and loathing by the fed, by the Democrats

(05:01):
turned out completely not to be true. And it is frustrating,
frustrating to me that we get nothing from either the
other side. The Democratic Party, or especially the FED when
things are going you know so well.

Speaker 9 (05:19):
If that happens, what you do is you raise your
rates and you do what you have to do to
stop inflation. But we're keeping the rates high and it's
hurting people from buying houses, and we don't want.

Speaker 1 (05:30):
That, right exactly, So the FED chairman could have easily
lowered the rates because of economic circumstances right this moment.
He could have done that, and then he has September
is only going to be a little bit over a
month that he gets to choose again, if all of

(05:50):
a sudden the economy goes crazy, he's able to deal
with that at that point. I just don't get it.
There's no reason behind this. I know we just talked
about this a second ago, but it is infuriating. And
the only thing that's more infuriating is Democrats now actually

(06:12):
coming out and saying, well, I guess what, I think
they made up the numbers. That's what I believe. I
believe they made up the numbers. Most of the economic
indices they point to are on the upswing. And yet
you sound so glum.

Speaker 10 (06:27):
What what they're reporting are just numbers and we don't
know how much accuracy it is. Maybe there's a reason
why he's also been on the attack against J. Powell.
I think they make up numbers. I have no trust
in this president or the administration because what they say
is counter to what we're doing in government.

Speaker 1 (06:46):
That's Congresswoman Beatty, She's just one of the lunatics that's
in Congress. You can't make up the numbers. And I'm
not hearing it just from her. You're hearing this from
Chuck Schumer. You're hearing it from others in the Democratic Party.
They are so afraid of a good economy because all
they're thinking about is the midterm elections. They don't care

(07:06):
if the country suffers, just so they don't suffer, just
so they can keep they can take back control of
the House and the Senate. That's all they care about.
That's all they care about right now. That's why they're
coming out because they have nothing else. It is a
lost party. They have to grasp on to something, and
so it is ridiculous to think that the numbers are

(07:29):
made up. You know how many independent agencies look at
those numbers, how many bipartisan committees look at those numbers?
Do you realize the gauntlet that those economic numbers have
to go through to get to the FED. And you
don't think the Fed has its own resources. You think

(07:49):
they just call Donald Trump and say, hey, send over
your economic numbers. But that's what Democrat after democrat is
now saying. This is their new thing. We can't trust
those numbers. We can't trust the economic numbers. Inflations really higher.
Just trust your own eyes. No, the GDP is much lower.

(08:11):
Just trust your own eyes. Unemployment is in full, by
the way, it's as close to full as it has
been in a long time. It's as close to complete
employment as it has been in a long time. There's
numbers to substantiate exactly what complete employment means. There's a
reason the Democratic Party right now is doing so poorly

(08:34):
in the polls.

Speaker 11 (08:35):
And let's look at their net favorable ratings. Woof, woof,
I mean, my god. You know we mentioned CNN. We
had that poll come out a little while ago. On
their net favoral rating, they were twenty six points underwater.
You think that's low enough. How about we go even lower.
We'll go to this side of the screen. I'm gonna
walk over here. We go to the Wall Street Journal
minus thirty points, thirty points underwear. They're lowest on record.

(08:58):
These poles have records going all the way back since
the early nineteen hundred and nineties.

Speaker 1 (09:03):
Right As a matter of fact, there are some polls
are out there that the Democratic Party is at its
lowest number in history, and I don't see an end
in sight for them. Everybody talks about Donald Trump. Donald Trump. Oh,
anytime his poll numbers slip a little bit, Oh he's falling.

(09:23):
Look at Donald Trump. Look at those poles. No, look
at the Democratic Party. And that's the reason that the
Cook Report, the Cook Report is what I look for
all the time about the midterms. The Cook Report shows
the Republicans picking up twelve seats in the House of Representatives.
Right now, that's the political climate in this country. And

(09:48):
I curse CNN, MSNBC in the networks for not reporting
this fairly because you would think Donald Trump is unpopular
and the Democrats are the only ones standing in the
way of chaos from them. But the truth is America's
Americans go other places for their news right now, and

(10:11):
they know the truth. Hey, guess what a new Naked
Gun movie is coming out? The third in the series.
OJ Simpson is in it sort of. We'll tell you
how the writer and director acknowledge the tarnish star of
the original Naked Gun. Next plus take us to see
the Outlaw Music Festival featuring Willie Nelson and Bob Dylan.

(10:31):
Stay with us. Position is hot and Heavy. To try
to get the Mente in the Morning T shirt. I
know that's what you really want, but that's if you
get talked back of the morning. If you get talked
back of the week, you also get a sea Crane
Radio great prize everybody should have won in their homes.

Speaker 12 (10:48):
Good morning, Larry. I just heard your news reel of
eight and Mandonnie was saying something about how did a
man with mental issues that are documented mental issue? And
I have not seen one document at all that says
this guy had mental issues. Yet maybe they're going to
come out, but I haven't seen it. And this guy

(11:09):
has a lot of you know whatever to come out
and say that when who knows who was holding guns
at his wedding?

Speaker 1 (11:16):
You're absolutely right. As a matter of fact, we were
just talking to Brad Garrett from ABC News who covers
crime and terrorism, and I asked him that specifically, how
could he get a gun if he had mental issues,
and he said, because he was put away twice. But
you cannot in Nevada. And he said, in most states
hook up the two. You can't. You don't have access

(11:37):
to that that somebody has to admit that to you.
So he did have mental health issues. The question is
did he have CTE because he was never, at least
that we know of, diagnosed with that. That's what he
claimed he had. But this guy obviously had problems. But
he got a gun because the way he did it
was legal. He was allowed to get a gun.

Speaker 8 (12:00):
Hey, good morning, call it from New Jersey. This is
a commonist for a mente. Your king has not even
reached out to the family of the police officer that
was slain in New York City, not even a my
condolence is nothing, absolutely nothing, And he's supposed to be

(12:20):
back to blue a police officer supporter. Come on, man
to you open your eyes when you're gonna wake up,
have a good day.

Speaker 1 (12:29):
Yeah, you gotta wake up and read every once in
a while. Because he put out a statement immediately he says,
I have been briefed on the tragic shooting that took
place in Manhattan, a place that I know and love.
I trust our law enforcement agencies to get to the
bottom of why this crazed lunatic committed such a senseless
act of violence. My heart is with the families of

(12:51):
the four people who were killed, including the NYPD officer
who made the ultimate sacrifice. God bless him, God bless
the New York Police Department, and God blessed New York.
So you must have missed that, you know, in your
Trump derangement, because you hated him so much. I think
probably you watch MSNBC and you read the New York Times,

(13:14):
and they didn't have that, and so you really have
to expand where you find your information, because he did.
He did comment on it, and he did send out
a note to not only to that officer's family, but
to everyone in New York and to the NYPD. Were
you a naked gun fan?

Speaker 13 (13:36):
You know, I don't know if I called myself a fan,
But I enjoy the clips here and there, and the
you know, finding a couple of scenes when I'm passing through.

Speaker 1 (13:44):
Yeah, it's funny. It's really fun. And it was back
at a time when comedy was just like that. It
was just silly, you know, it was just silly. And
it was fun. It wasn't political. You could just go
in and have a good time. Well, in the original,
In the original Naked Gun, as you remember, Oj Simpson
was in it. That's right, he was one of the detectives.

(14:07):
And so they've been trying to stay away from Oj
Simpson in like a naked Gun. Yeah, but they didn't
in the third one, the one that's coming out thirty
three and a half Naked Gun they call it, and
it is in their trailer and it's so I'm going
to try to do a visual joke on the radio,

(14:28):
so I'll fill in the blank. What you have is
the new Cast, led by Liam Neeson. By the way
leam Nessen from taking you know, I will find you
and I will kill you. That guy is going to
do comedy. I can't wait to see it. I hope
he can pull it off. But he and all of
the other people on the new team are kneeling down

(14:51):
at police station in front of pictures of the old cast,
the guys that they replaced, and they're pretending they're all
their dads. So it starts off with Liam Neeson talking
to his father and it goes down to the end.
At the end, it's OJ Simpson and as I said,
it's a visual e bit, but I'll fill it in.

Speaker 14 (15:10):
At the end, h's me J love you, hey Dad,
And that's where they show OJ Simpson and the guy
that's supposed to be his son turns to the camera
and Jess.

Speaker 4 (15:25):
Goes how many meetings it must have taken to come
up with that.

Speaker 13 (15:34):
I can't wait. I cannot wait to have Joe Numeyer
on tomorrow. Now I'm thirty five because I can't wait
to hear it. We had Johnny Olesinski in here, our
entertainment reporter from the Post was not allowed to give
a review yet, you know, still under embargo. But he
had a smile on.

Speaker 1 (15:50):
So I'm thinking, oh, he liked it.

Speaker 13 (15:53):
I'm thinking maybe, I don't know. It kind of looked
like it to me.

Speaker 1 (15:56):
Wait a second, crash, you say in the posting, Yeah
it's funny, three stars.

Speaker 13 (16:01):
Okay, this is great.

Speaker 1 (16:03):
Wow. I'm so I'm so happy he liked it because
a lot of people don't like these movies and they're
just supposed to be silly.

Speaker 4 (16:11):
Now. Jacqueline Carl with the eight thirty News, Jacquelin, good morning.
Funeral services are taking place in the Bronx today for
an NYPD officer who was killed during the mass shooting
at a midtown Manhattan office building Monday.

Speaker 15 (16:23):
A huge turnout expected at a mosque in Parkchester for
officer Adida Rue Islam. The thirty six year old was
off duty but working a security job at the Park
Avenue building when the gunman entered and shot him. Islam
leaves behind a pregnant wife and two children. More than
two hundred thousand dollars has been raised for his family
through online fundraisers. A funeral for another victim of the
mass shooting, Rooting Management employee Julia Hyman, took place Wednesday.

(16:48):
I'm Skaffpringle w R News.

Speaker 4 (16:50):
Federal Reserve is making no change to interest rates. President
Trump has been pressuring FED chair's erme Powell to lower rates.
Shortly before the Fed announced its decision Wednesday, Trump said
Powell's decision to not cut rates is costing the economy
hundreds of billions of dollars. So now, but BuzzFeed raisers
are calling out the things that they see on dating

(17:12):
app profiles that give them the immediate ick. Do you
guys know what the ick is?

Speaker 1 (17:16):
Okay?

Speaker 2 (17:17):
Kids?

Speaker 1 (17:17):
Yep?

Speaker 4 (17:18):
Yeah, So things that make them swipe left in an
instant include when their bio says looking for my future
ex wife and when their profile is photos of everything,
but the actual person that would make me swipe loved it.
So another shares I hate it when their list of
hobbies is just a bunch of emojis. I'm not the

(17:40):
Rosetta soone, use your words, Brad. And when men don't
bother to write anything in their bio is if their
gym selfies are enough to convince me. Another one writes
I hate profiles with picks where the person is giving
the middle finger. You know people you imagine, yeah, pick
me and this is how they're starting things off, or

(18:02):
when their bio says not likely to message first, Oh
I saw the ick on your face there.

Speaker 13 (18:11):
It's like, oh, so you need me to make the
first movie exactly.

Speaker 4 (18:15):
And it sounds like a lot of these are women
call me crazy, but it sounds like this is their
their point of view, because like mostly guys will do
the gym profile things and looking for their ex wife.
Here's what I'd like a picture of them with their
dog if it's actually their dog. But you know, I'm
not on a dating app. I feel like it's just

(18:35):
I don't have the energy for this stuff, you know.

Speaker 1 (18:39):
Like, I know you guys have deal though. I know
people that have gotten married through these dayDay.

Speaker 4 (18:45):
So many people, but how many days did they have
to go on and go ick before they finally I
just don't have that enerny cut.

Speaker 1 (18:53):
Oh, that's a good question, but a tough question to ask.
It away.

Speaker 4 (18:55):
It's like kissing frogs. You know, how many frogs did
you have to kiss? But way, I just think these
are funny. But when I heard that there are people
that actually give the middle finger and their profile pick,
I was like, well, now that's an interesting approach to like.

Speaker 1 (19:10):
I thought it was. I thought it was funny. I
was watching Natalie's reaction. She seemed okay with that one.
It was the next one where you had the message first.

Speaker 13 (19:18):
That's the one, and I'm okay with messaging first. But
you telling me I'm not gonna you know, even bother
trying to reach you, chase me, chasing me, you know what, No,
don't bother to run, bud. I don't know about your kids,
but I've seen the trend from my daughter's you know
friends that they're they're kind of getting off the apps

(19:40):
now definitely a trend. And you see a lot of
these really interesting get togethers happening in towns and cities.

Speaker 1 (19:50):
Yeah, meetups. You know why it is because it's getting
made fun of in their social social circles all of
a sudden. It's something that only the weirdos do. It
is interesting, it's really interesting. It's just for the younger
you know. Yeah, by twighteen to twenty five, those people,
it's pretty interesting. Congratulations to Greg Skirka, Thank you very much,

(20:11):
Jacqueline Carl. Congratulations to Greg Skirka, New Brunswick, New Jersey,
who just won a pair of tickets to see the
Outlaw Music Festival featuring Willie Nelson and Family Bob Dylan,
which will be at Northwell at Jones Beach Theater on
August first and PNC Bank Art Center on September thirteenth.

(20:32):
Tickets hotale now at ticketmaster dot com. You get another
chance to win tomorrow at eight twenty five. Well, as
we have been talking about, the GDP takes a surprising jump,
but the Feds still refuse to drop interest rates. We'll
ask Ceb NBC contributor and host of War's Market Scorecard.

(20:55):
Ron Insana, what the heck is going on next? And
we all remember that one teacher who made a difference,
who believed in us, or challenged us, or just made
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Teachers give their time, they give their money and hearts
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(21:37):
at iHeartRadio dot com slash teachers. Well, despite a jump
in the GDP, despite low unemployment, despite inflation in the two's,
Jerome Pale and the Federal Reserve decided not to do
anything about interest rates to keep them exactly where they are.

(21:59):
Doesn't makes sense to me, But I'm not an expert
like Ron and Sana, so let's talk to him. Ron
and Sana CNBC contributor and host of wor's Market Scorecard Report,
Ron explain this to me. First of all, good morning
to you. Thanks for being with us this morning. Thank
you for having me and explain this to me to us.

Speaker 6 (22:19):
Well, I think there's a couple of things going on.
Number one, inflation hasn't come down quite as much as
the feder Reserve would like, or more specifically, Jay Powell
tho the are a couple of dissenting votes yesterday in
the decision to lead rates unchanged. This morning, we just
got the Fed's preferred inflation gauge, which is a little
bit about expectations running at about a two point eight percent
annual rate. And we don't know yet the full impact

(22:42):
of the tariffs on consumer prices. So he's willing to
wait to see whether or not tariffs are going to
cause inflation to reaccelerate and push prices up for consumers,
particularly before lowering interest rates, because he said, with an
unemployment rate, as you noted at four point one percent,
there's no real urgency to lower interest rates. The stock

(23:02):
market's sitting at all time highs. It's not typically the
environment in which you make any dramatic moves to lower rates.
But we'll see, I mean the effects of the tariffs
and I hate to use this word, could prove transitory
and give this head an opportunity to lower rates later
in the year. But he didn't even commit to September yesterday,
right except there.

Speaker 1 (23:22):
Was all of this talk that they were going to
keep interest rates the same, So some people must have known.
And now there's a lot of talk that he's going
to lower interest rates in September. Even the presidents say that,
where is that, where is that coming from?

Speaker 6 (23:37):
Well, you know, it's a hope, not a reality. I mean,
in the news conference that j Powa had yesterday, he
didn't signal a rate cut in September. He said, we
still have two months more of inflation data and we
have two months more of jobs data to determine whether
or not it would be appropriate to lower rates then.
And the President, as you indicated, has been hounding him
to lower rates in some instances by as much as

(23:59):
threefoll percentage points. That you would, first of all, if
Fed's never done that. Secondly, if it were to do it, it
would mean we were having a financial crisis of some
magnitude that was like the Great Financial Crisis of two
thousand and eight or the pandemic. So that's definitely off
the table. A quarter point cut is more what we'd
be talking about, and I would agree with the Fed.
They need to see more data. There's been some underlying

(24:20):
deterioration in the labor market that the unemployment rate masks
a bit, and we'll get some jobs numbers tomorrow to
see whether or not that's going to show up soon.
But you know, there's no urgency to lower rates. I mean,
it's the housing crisis for instance, or unaffordability of houses
has less to do with interest rates than a complete
lack of supply relative to demand. So it's not as

(24:43):
if the Fed lowered rates by a quarter point you'd
suddenly see a surge and people buying homes. They've reached
the level in terms of price that's become somewhat unaffordable,
particularly for new home buyers.

Speaker 1 (24:54):
Well, that's very fascinating. So if he did lower to
a quarter point, let's say he does in septem persons
he did this time. When they do lower it, Donald
Trump says it saves the country a lot of money.
Does it save us individually some money?

Speaker 11 (25:09):
To do?

Speaker 1 (25:09):
Our credit card rates come down? Mortgage rates come down?

Speaker 6 (25:12):
No, your credit credit card rate don't go down at
all because they're not they're not egged to anything the
feder Reserve does. I mean, if you look at the
average credit card rate, it's around twenty percent, which is
you know, the ten year note yield is at four
point three something percent. So there's there's sixteen percentage points
of difference between you're paying on a credit card and
what we what the government pays to borrow for ten

(25:32):
years worth of you know, money. So the credit cards
aren't like mortgages are linked. But we don't know is
whether or not long term rates, which mortgages are pegged to,
will go up or down. When the FED started cutting
last year, instead of coming down, long term rates actually
went up. And so that's another concern that the Fed
could cut rates at a time that's somewhat inopportune and

(25:54):
long rates would go up and rather than go down,
and so you wouldn't necessarily get the benefit that everybody
was hoping for.

Speaker 1 (26:00):
Yeah, you started to say something about Donald Trump until
I said credit cards, and then you jumped onto that instead.
Do you remember what you were going to say?

Speaker 6 (26:12):
Well, he was talking about, you know, lowering rates by
you know, three full percentage points and that that's just
again that only happens, and one one that's never happened,
but to it only when the FED gets really aggressive
and lowering interest rates, it's usually because of a crisis.
And so the President again may want lower rates, but
it could you know, this pressure that he's putting on
the FED, you know, may backfire on him because the

(26:32):
more he presses the Fed to do it, the more
the FED doesn't want to look like a political arm
of the government and lower rates for political rether than
economic reasons. So the President did fire off another item
on truth Social this morning criticizing Powell, which again I
think is counterproductive. I mean, the FED has proven its metal,
you know, since the late nineteen seventies early nineteen eighties,

(26:54):
as a pretty solid steward of economic stability, and I
think playing with that becomes a dangerous game. And the
more you do it, the less credible the FED becomes,
and the more risk there is to the value of
the dollar or the long term level of interest rates,
because if people get nervous that the FED is a
political wrap body rather than economic body, they'll demand a

(27:15):
higher interest rate to lend money to the US government.
So he should be somewhat more careful and deliberate in
his comments about the Federal Reserve than he has been
over the last several months.

Speaker 1 (27:26):
Let's look at the other side of the aisle for
a moment, because more and more Democrats are now saying
that these numbers showing a great economy are made up.
He's using bogus numbers to promote an economy. Is that
even possible, Well, I.

Speaker 6 (27:38):
Mean, it depends, it's not. It hasn't been possible since
the President Nixon tried to affect the job's numbers, and
they separated the Bureau of Labor Statistics from even being
close to the White House influence. So we've had reasonably
reliable data, you know, for quite some time. It's true
that the pace of economic growth has slowed relative to
last year and the year before, adding about one hundred

(28:00):
and twenty thousand jobs, and we'll get more details on
that tomorrow on a monthly basis. That compares to one
hundred and eighty thousand plus last year and over two
hundred and forty thousand jobs the year before, and the
pace of economic growth when you measured if you combine
the first and second quarter GDP reports in the letter
of which we got yesterday. We're growing at about a
one point two percent annual rate, which is less than

(28:22):
half the growth we saw in the prior two years.
So the economy is in some ways slowing down, but
inflation is also picking up at the same time, So
we have this kind of early stage, very many stagflationary
environment that I think that's one of the reasons why
the Fed is being extremely careful and deliberate and not
doing anything on interest rates. But the pace of growth

(28:43):
and the pace of job growth has slowed considerably for
me from last year.

Speaker 1 (28:46):
Sure Ron and Sona s the NBC contributor and host
of wor's Market Scoreboard Report. Thanks a lot, Ron, thank you.
Thanks The subwayfares climbing tolls going up. What do New
Yorkers think about a post possible MTA hike? This should
be good. Wr's Natalie Migliori gets the Beat on the
Street next.

Speaker 4 (29:07):
Now it's sevent ten wars Beat on the Street with
Natalie Migliori.

Speaker 1 (29:13):
I'm looking forward to this one. Right after the congestion
pricing money grab, the NTA announces a fair hike. So
what a New Yorkers feel about that? Let's get that
from the Beat on the Street with Natalie Migliori. Natalie, Yeah, good.

Speaker 16 (29:32):
Morning, Larry. Well, the MTA spare commuters by skipping over
its planned fare hike that was supposed to go into
effect next month, which is actually tomorrow. But the relief
won't last long. So your two dollars and ninety cent
rides it, get them in now because you know it's
gonna go up ten cents on January fourth, twenty twenty six.

(29:54):
At least that's the proposal. So what are people thinking?

Speaker 7 (29:58):
Terrible?

Speaker 1 (30:00):
It wants time more money.

Speaker 9 (30:01):
It is what it is.

Speaker 6 (30:01):
There's not much we can do about it.

Speaker 3 (30:03):
There will be more people have many train so that
doesn't really matter.

Speaker 17 (30:08):
It should be a dollar fifty with the service that
we get no air conditioner.

Speaker 3 (30:12):
I haven't heard that. But for some people, obviously it's
going to be an issue because I mean, rents are
going up. People's salaries are not matching what the increases
are in life in general, so that's going to be
problematic for people. But then on the other side of
the coins, some of the increase you go to fix

(30:32):
the system.

Speaker 16 (30:34):
Well, the fair byke isn't the only thing. The NCAA
is counting on to fix the system, Larry, because remember
congestion pricing. At last check, the MTA pulled in nearly
two hundred twenty million dollars from the toll to edge
of below Manattan sixtieth Street. But apparently that's not enough,
since they want to raise toles that other crossings as well.

(30:55):
The congestion pricing toll will stay the same. So do
people think congestion pricing is even going towards the system now?

Speaker 17 (31:04):
Definitely should have, even though I don't drive into the city.
It should have because where's that money going to.

Speaker 7 (31:09):
I feel like they just use it, you know, to
benefit the city.

Speaker 3 (31:13):
I don't even know are they even still doing a
congestion prices because I haven't really noticed because when it
first started, people were diverting away from the area and
we had less traffic. But now I see it's like
back to normal. So it's kind of hard to tell.

Speaker 16 (31:28):
Well, Larry, I'm sure your easy pass bill, just like mine,
always tells you congestion pricing is alive and kicking. But
still drivers and riders are going to be left with
a higher bill. So do subway commuters even feel safe?

Speaker 3 (31:45):
No, as in New Yorker, you have to say with
something to protect yourself. Does it be too much going on?
I guess trains can be a bit daunting, especially in
the late hours. The train cars the sometimes empty. Sometimes
you have our own house folks that have nowhere else
to go but to stay on the train. So I
guess that could be, you know, kind of fearful for

(32:06):
some people.

Speaker 17 (32:07):
I've never seen a problem where besides the bum there's
dances on the train and that's about it.

Speaker 7 (32:11):
You entertained by that.

Speaker 17 (32:13):
Most of the time I'm sleeping and I got my
headset on.

Speaker 16 (32:15):
So you don't dance with them when they come.

Speaker 6 (32:16):
On the train?

Speaker 17 (32:17):
Oh no, not at all.

Speaker 16 (32:19):
Well, Larry, some say dinner and a show. I say
a commute and a show. But either way, can the
MCA do anything to be deserving of what will soon
become a three dollars ride?

Speaker 17 (32:33):
Well, I think they got to get the bumps off
the trains because we have to pay, and they get
on for free, and they take up all the seats
and we can't ride comfortable, to the smelly or no
space at all, no.

Speaker 3 (32:44):
Day, and they don't deserve my money. It should be free.
They don't deserve it at all.

Speaker 7 (32:48):
They keep raising the prices, especially for a lot of
delays on the trains, people getting to work late, things
of that nature. I feel like it should be the
same price, at least for a good.

Speaker 5 (32:59):
Five to is.

Speaker 16 (33:01):
Yeah, I don't know where he got that number from.
You didn't really explain why he thought five to ten
years was a good way to keep the prices. But
nothing is set in stone. The proposed changes must be
approved by the MTA board, Larry, so we'll find out
when that happens. And Mayor Eric Adams is griping about
the increase, so we'll see.

Speaker 1 (33:20):
You know what I've I heard, I heard numbness. I
think people are numb to this stuff now because I
think it's completely obscene that they just made all this
money in congestion pricing and now they're going to raise fares.
What they should be doing is cutting fares. They've made
so much money with congestion pricing. Give people a break.
You want to be loved, You want to be liked.

(33:42):
They don't care. They don't care. They know they have
a monopoly and they can do whatever they want. And
the guys they screw are the little guys and little women,
the people that have to work and they have to
get in by using the subway, and they have to
get in by using the buses. It's it's obs but
I think everybody's numb to it. But as you just

(34:03):
heard Natalie Miglioio, I'll be back tomorrow morning at eight fifty.
The gunman in the Park Avenue mass shooting left a
note that he has CTE. What is it? We'll find
out after the nine o'clock news