Julio Fuentes-Florida State Hispanic Chamber of Commerce
Tie Lasater- CEO of Lasater Capital.
Tie Lasater- CEO of Lasater Capital.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:10):
This is Made in America with Rich Rothman.
Speaker 2 (00:15):
Hey, welcome to Made in America. This is Rich Roffman
speaking and I am your host. Glad to have you
here talking about what's going on in this country right now.
And I got to tell you, this has been a
very exciting week. I mean, this has been the week
of well, let's think for a second, the week that
Elon Musk and President Trump have you separated and they're
(00:36):
going through their tribulations right now. It's interesting, CEO that's
going to play out that of course, gave rice to
all the crazies on the left who are just excited
over the fact that Musk and Trump are arguing amongst
themselves or between themselves rather, and which is what they
wanted all along, because we've been paying attention to you know,
the Alphabet Network's ABC, NBC, CBS, MSNBC, CNB, SEE and
(01:01):
all the others that NPR and others, that this is
what they've been trying to trying to do, and then
been out there trying to convince people that there wasn't
from the beginning with all this missed diss and lying.
This has got cut to the chase and all the
lying that they do out there. So that's been interesting.
So this has been Oh my god, you've got you know,
Chuck Schumer and all those other boys and girls on
(01:23):
the left hand side who are just going insane over this,
and they're just so happy about it. And then we
have the people out there who were saying that, you know,
sort of like Christine Amapur from CNN saying, well, she's
a very prominent person, which she is. I mean, I
have no doubt she's been in the media for a
long long time. She just became a crazy but she
(01:45):
got on the media in the media a long long time.
But she is terrified about coming back into the United States.
Is it's sort of like coming back to North Korea,
which whoa, I didn't realize that, but okay, so she's
coming back here because she's afraid that she's what going
to be picked up by the Trump folks in mask.
(02:06):
And then of course we're listening to all the lefties,
all the Democrats saying that, you know, the ice folks
and the police picking up the illegal immigrants that are here,
migrants that are here wearing masks, and of course, wow,
you can't have that, can't have masks because obviously, you
know there's something wrung with that. What are they hiding for?
(02:27):
Why aren't they showing their faces? But they didn't seem
to have that problem when masks were on going after
the folks like Roger Stone and others at three and
four o'clock in the morning, when they were terrifying people
for trumped up charges. Pardon I actually I think pun intended,
not intended. So so this has been a very very
(02:48):
exciting week. And then we're listening to the crazies on
the left. I mean, this sounds like a crazy rant.
In a way, it is a crazy rant, because the
crazies on the left we're telling us that if this
bill passes, the big beautiful bill passes, that you know,
thousands and thousands and thousands of people are gonna die,
(03:08):
you know, because we're changing things, and Medicare is changing
and Medicaids changing, and you know, in church is going
to be changing, and the SNAP program's not going to
be there. And you know, at least one of the
numbers that I heard this week that was just bloody
crazy nut is like three hundred thousand people. You know,
we're all gonna die. We're all gonna die. This is
(03:29):
sort of like when you know, when the presidential campaign
starts and the crazies on the left always say that, well,
you know, we're all gonna die. We're gonna take grandma
and push her off the cliff because you know, Republicans
don't want to don't believe in good air, don't believe
in good water, don't believe in great health, don't believe
you should survive, don't think you should have health care,
and they're all busy playing guy. Well wait a minute,
those are the Democrats. But all right, so let's so
(03:53):
we have that problem and that light's out there. Then
the other thing that was terrific this week, I mean
from the crazies on the left, if they got to
figure out why they lost the boys, the young men,
the twenty somethings, who are you know, voting in that generation,
because they're going to have to spend twenty million dollars
(04:15):
to figure out why they alienated young men from the
Democratic Party. You know, it appeared that young white men
were flocking over to Trump. Then it appeared that you know,
blacks and Hispanics were flocking even bigger to get over
to Trump. So obviously they can't figure out why, such
as well, why are they losing men? Well, maybe because
(04:39):
some of the men, particularly those in the Biden administration, were,
I don't know, in dresses. Okay, So you know, there
you have men, and you want to relate to men,
and you want to have men feel that they're comfortable
in your party, and yet your party has men running
around in dresses. Then you have some of the people,
you know, men in the far left Democratic Party telling
(05:00):
the men that they really need to have tampons and
feminine hygiene products. You know, that's the right thing to
do in women's and men's bathrooms, because evidently men canmenstuate,
although we haven't proven that yet and we've never seen
that yet, and you can't do that yet, and men
generally speaking, I don't think can get pregnant, you know,
(05:23):
sort of like the Monty Python scene where Eric idel
is saying to John Cleese that he wants to be
a woman. Is there want to be a woman? And
John Cleese says, you want to be a woman, Yes,
I do. I want to have a baby. You want
to have a baby. How could you have a baby?
You don't have a bloody uterus. We're going to gestate
(05:47):
the fetus. So okay. So having said that, that's my
Monty Python moment. Having said that, you know, we have
to listen to the crazies, and they're wondering why they
lose the men. Maybe if they let men be men.
Maybe if they kept men out of women's sports. Maybe,
(06:08):
if they kept men out of the women's bathroom, maybe
if they kept men out of the women's changing room.
Maybe if they just would stop with this incredible nonsense.
They're so fixated. I don't even under Maybe you do,
and if you do, let me know what you think.
At Rich at rich Roffman dot com, you tell me that,
(06:29):
Rich at rich Roffman dot com, you tell me this
week why you think the Democrats, the far left crazies
are so obsessed with the sex thing. I mean, it's
not just sex as one thing, but it's the changing
your sex. You know, why are they so obsessed with
that that now it's gonna spend twenty million dollars to
(06:52):
figure out why they have alienated men, alienated men from
the party. And I've got to say a good part
of it's got to be because they're not they like men.
Let men be men, you know, let men be strong.
They don't have to be you know, metrosexual or whatever
(07:14):
you want to call It doesn't matter. How about if
a guy just wants to be masculine, what's wrong with that?
So if a guy wants to be masculine, you can't
downplay that, because's what's that we've been seeing for the
last few years. You know, it's just it's wrong for
a man to be Oh man, can't do that, can't
do that. So so I guess this has been a
(07:35):
very exciting week and this week has been just bloody great.
And then we have Elon Musk and Donald Trump arguing
between the two of them sometime you know, later in
the in the end, towards the end of the week,
they were saying, well, maybe they're gonna, you know, they're
gonna make up a little bit and they'll you know,
get back together and then we'll see. Let's just see
(07:58):
where it all this leads us. But I will say,
to spend twenty million dollars to figure out how you
alienated men, all you gotta tell you was look at
your platform and what you try to do. And you know,
go look at some of the parties that we saw
at the White House when Biden was the president, and
you got Ben, you know, just standing there by the
(08:20):
way with you know, mustaches and everything in their dresses.
And I'm not I don't want anyone to say that
I'm some homophobic crazy guy, but I don't like, you know,
people who are you know, homosexual, gay. It's not where
I'm going with this at all, not for a second.
I'm just saying, if you want to know why you
alienated the men, just let men be men. Don't be
(08:41):
so obsessed about all this thing. It'll play out the
way it's supposed to play out. Okay, We're gonna be
right back. We've Made in America. We got a really
good show for you today. We have Ty Lasseter's on
the show, and we have Julio Flentye's on the show.
Julio's gonna be talking about us Hispanics and tariffs and
things like that. And I was gonna be talking about
the economy, slow growth maybe maybe not, and job creation.
(09:05):
And you know, he's a real successful guy. We're going
to talk about him. So Uncle whinnyware Made in America's
coming right back, and we're gonna make it in America. Okay,
welcome back. To Madida in America. You know, we had
(09:27):
this incredible conversation, you know, about twenty million dollars to
figure out I mean, I'm like stunned by that. Why
don't they just give me one million dollars and I'll
talk to them about it, or better yet, they can
buy an ad and we can put him on the
radio show. I'm like, twenty million dollars to figure out
how the demo guys have totally screwed up masculinity in
the United States? Twenty million dollars? Are you kidding me?
(09:50):
My god, I don't think that has to be. We
can do this anyway. Here's the deal on the show
right now, and I'm so happy that he's here. Julia
Wuentes is here. He's the president and CEO of the
Florida State Hispanic Chamber of Commerce, which if you understand Florida,
and I certainly do having been down here for so long,
and you know, as you all know, we're based down
(10:10):
here in Carl Gables, but Julio is up in another
great city. He's up in West Palm Beach. That's where
his offices, plus you know, Tallahassee and others, Jacksonville, you
know during season when they're in session. But right now
we have Julio calling in from Washington, d C. Julio,
Welcome to Maid in America.
Speaker 3 (10:32):
Hi, how are you. Thank you for having me.
Speaker 2 (10:34):
Yeah, I'm delighted to have you here. So let me
ask you a question. I mean, we you know, we're
we're seeing what's going on in the United States right now.
I'm very intrigued in what your opinion is of you know,
we are watching you know, it's really we're watching the
crazy I see. I watched the Crazies and I get
(10:56):
a kick out of it. I get my popcorn out.
And I watched the news, and I watched the truck
and they watched the people are telling me that whatever
Trump is doing is going to produce death, destruction in
the end of the world. That's that's basically what I hear.
And and so you know what I'm I like to
hear from it. You did a nice opinion piece, you know,
in the Tampa Bay Times on Florida's business small business
(11:19):
benefit from extending Trump's tax cuts, and I and I
think that's very very important. So let's let's let's talk
for a second. You know what, what do you from
your point of view, what do you think is really
going to What's what's happening when we're extending the tax
cuts that was so important for us to have this happen.
We got it. We must maintain control of the presidency,
control of the House, control of the Senate. It's it's
(11:41):
for the lifeblood of this country. But why is this
so important? And from your point of view, from the
Hispanic point of view, which is the majority of America
right now in South Florida, for sure, what do you think?
Speaker 3 (11:54):
Yeah, I mean, no question about it. It's something that's
important for for not only uh, you know, Hispanic American
business owners, but for the country as as a whole.
I mean, we're an opportunity, a unique opportunity to kind of,
you know, do the things that need to happen to
turn this country country around and put it in the
(12:14):
right direction. This is definitely something that that's going to
achieve that that goal. And from from my constituents that
from from the state of Florida, UH are are obviously
excited about it. The only the only piece, the only
caveat which is one of the reasons I'm up here
in Florida, is the enhanced premium tax credits from the
(12:40):
Affordable Care Act that's due to expire, uh here in
a couple of a couple of months towards the end
of this year. And if if that, if that is
left to expire, then then that's that's consequences for a
lot of a lot of small businesses. So I mean,
right now we're working with congressional folks from Florida kind
(13:01):
of letting them know because this is something that's kind of,
for some reason just kind of flying under the radar screen.
Nobody's really talking about it, and our messaging on it
is something like, you know, listen, we know the administration
is working on something that's better than the Affordable Care Act,
we know that. But right now, as a small business owner,
(13:22):
this is all that I have. So while you're working
out a better solution for us, do not let these
particular tax credits run out. Because my premium, just to
give you an idea anyway, just to lay it out,
a family of four making you know, eighty thousand bucks
a year has been paying roughly let's say four thousand,
(13:43):
forty five hundred a year. Literally, if they let these
tax credits expire, that premium is going to jump all
the way to fifteen, sixteen, seventeen thousand dollars overnight, and
we know what's going to happen there. I mean a
lot of people are just going to go without coverage,
right and then you have that effect from there. So
(14:03):
let's talk on board.
Speaker 2 (14:05):
Yeah, go ahead.
Speaker 3 (14:07):
No, no, I was gonna say, I mean we're we're
one of them again. The reason I'm up here in
DC right now is just making around and educating our folks.
Is you know, a guy like Congressman Jimenez congressmans a
large congressanviers a large Just to give you an idea,
two hundred and twenty thousand of his constituents, of his
(14:29):
residents and his districts currently rely on the Affordable Care
Act for insurance. So if that goes away, that's a
nice chunk of his of his district. So just just
making them aware of this, well.
Speaker 2 (14:41):
You know, the the interesting thing. And by the way,
you're naming people who are good friends. Carlos Amanez is
a very very I've known him for a long long time.
He's a great guy, and he's also a good friend
of Mike Herricart, one of my best friends and partners
as a matter of fact, for many, many years. And
but but let's let's get back do this for a second.
You know, the small businesses of this country or the
(15:03):
backbone of job creation. We know that the SMEs are
the backbone. They are creating more jobs than any any
other segment of this of American economy. And if in fact,
we did not protect the twenty seventeen tax cuts and
codify them to go forward, we would wind up with
(15:27):
and you can talk about this for a second, with
the largest tax and crease and probably the modern times
in the history of the United States. I mean, it
would just be devastating. And it's the Republican Party, the
Conservatives that would take the hit for that. So and
on top of which, I'm not so sure we would
be able to, you know, going forward, that we'd be
(15:49):
able to keep control of the House or the you know,
the the Senate or the certainly not the presidency. It
just wouldn't happen. So hold on, when you're talking to
your constituents, to those who are your your membership, you know,
what are you saying to these guys? Are they out there?
Are they talking to the carless and menaces? Of the world,
letting them know what's going on, why it's important to
them because certainly if they get hit with a huge
(16:12):
tax increase in corporate taxes changed, you know you're gonna
have a huge downturn. Correct.
Speaker 3 (16:17):
Yeah, no, absolutely, it's it's it would be devastating, there's
no question about it. And and yeah, it's interesting. I
mean I've been doing this for quite some time and
the uproar, if you will, kind of the the outreach
that's happening from our business community up to our congressional
(16:39):
folks and even some of our state leaders. I mean
talking about state issues, but up here in DC it
is overwhelming. I mean the emails, the phone calls, people
jumping on the flight, you know, on a on a
drop of a dime to get up here to make
sure that their voices are being heard. And that's all good,
that's all healthy stuff. So I mean, I'm I'm excited
to see it. And the humanisis of the world and
(16:59):
is the lard. They'd love to see their constituents up
there visiting the Limb office and hearing what's on their mind.
So it's uh, it's good times. It's good times.
Speaker 2 (17:07):
No, I agree with you. I think it's very very
very very important that we get this. We cannot fail
on this. We cannot fail on this because the Democrats
would love to have us fail on this. We fail
on this, I'm telling you we're out. We're going to
be out. It would be the worst talking point that
could ever be out there for a conservative or Republican
and that is just scares the hell out of me,
(17:29):
to be perfectly honest. So going forward, how do you
see I'm just curious your take on cars and how
you think they're going to affect you know, small businesses,
particularly Hispanic which is you know, remarkable down here in
South Florida.
Speaker 3 (17:45):
Yeah, so, I mean we do have some concern folks,
depending on what industry they're they're they're in. Interestingly enough,
I could talk to you about a segment of those
small businesses that are involved in formal wear kind of
those wedding dresses and you know those kiss uh that
(18:06):
uh so, so that particular industry, and I'm not talking
about the via Langs of the world. I'm literally talking
about your boot tea shops that that you might have
over there in Corbo Gables.
Speaker 2 (18:17):
Uh, we're known for that. We have great shops for
that down here.
Speaker 3 (18:22):
Yeah, yeah, exactly. But the tariffs, you know, it would
would hurt them significantly. But we they fall under a
category of one time where which is a carve out. Uh,
that's that's exempted from the tariffs. But so for example,
Halloween costumes, they fall under a one time where So
(18:45):
basically what we're trying to do, working with with a
lot of these small businesses is again up here with
the humanities and in our congressional folks, you know, letting
them know what's what's happening in this particular category and
fight for that carve out for these bridal boutiques, if
you will, that the tariffs would not affect them as much.
(19:06):
So that's that's kind of a specific specific industry.
Speaker 2 (19:10):
Well, that's terrific, you know, I think I think they're
going to be successful with that, to be perfectly honest,
it's a big industry too. By the way. Anyway, Julio,
thank you so much for being on main in America.
Julia Plante's president CEO of the Florida State Hispanic Chamber
of Commerce. I got to tell you to a very
important organization in the state of Florida, very important organization.
We excel in producing what we're doing down here. I
(19:31):
just want you to know that, Julio, thanks for all
you do for us. Stay up there and make sure
that gets through.
Speaker 3 (19:37):
Thank you, sir, Thank you for having me.
Speaker 2 (19:39):
Absolutely, we're gonna be right back with a tremendous conversation
about job growth and the current job report and you
know how we're going to survive all of this. We'll
be right back.
Speaker 1 (20:12):
Promoting American industry. This is Made in America with Rich Rothman.
Speaker 2 (20:18):
Okay, welcome back to Made an America. I'mrid Troffman, your host.
Good to have you here. You know, we got we
were talking about, uh, you know, the the twenty seventeen
tax cuts, why it was so important to extend them
and to protect us and protect the economy. Otherwise we're
gonna wind up with the largest tax increase in the
(20:38):
history of the United States. And I mean and Grover Grover,
you know, Grover Norquiz is a good friend. Grover's going
to lose his mind if that happens. So this is
like there there is no failure in this. We got
to be real clear about that. But we're gonna have
a good conversation, right now I want to talk about
the job market, and you know, whether we think it's
softening not softening. And you know, if you listen to
some of the crazies out there, you're gonna be believing
(21:01):
that the world's coming to an end because the tariffs.
The world's coming to an end, you know, because you know,
the economy is slowing, the world's coming to an end
because the taxes and so forth, you know, deficits. Oh
my god, I mean, I hear so much negativity. It's
very hard to find the truth in anything. That's why
we're here as a matter of fact. But okay, but
with us right now, he's gonna give us some clarity
and transparency and all. This is thy Lassiter. Ty, welcome
(21:24):
to Meade in America.
Speaker 1 (21:26):
Rich, it's great to be on.
Speaker 2 (21:28):
You're really glad to have you here. I mean, Ty,
I gotta tell you you must be having a lot
of fun out there because you know, A you're such
a successful individual. You know, the world's number one capital closer, Ty,
that's what that's your moniker number one, I mean, that's
what it's. Your business card must be longest out because
it says thy Lassiter is the world's number one capital closer,
(21:50):
so that's continued on the other side. Okay, So I
want to hear thy Lassiter has done so well and
he has a good feel in the pulse of the economy. Ty,
let me ask you a question. You know, with all
the things that are happening right now, did you feel
And we can talk about the numbers in a second,
because they're not they were okay, they're not. Okay, I
want to I want to discuss that they came out
at the end of this week. How do you when
(22:12):
you're looking out of the landscape, the economy landscape right now,
are we softening? Yeah?
Speaker 1 (22:18):
Well, look, I mean I think the jobs report was
down a little bit from a year this time a
year ago. But I don't I don't know that we're
we're softening in terms of jobs. I mean, at the
end of the day, I've had a better I've had
a better time hiring in our company in the last
(22:38):
three months than I have in the last two years. Uh,
with with what we were seeing, with with all of
the really COVID rebates coming out of COVID and with
the Biden administration, we had people that were just as
just as well happy setting at home and collecting a subsidy.
Uh And now I think what we've seen in the
(23:00):
market is a drive and a push for people to
get back in the marketplace. We've made a couple of
key new hires within our organization, and I've talked to
a number of other operators within our industry that the
same thing. And at the end of the day, twenty
twenty five has started out to be a similar year
(23:21):
for us as twenty twenty two was a really strong year. Again,
twenty twenty three twenty twenty four were really slow years.
And so you know, I think paper can say one thing,
but it doesn't always give a true reflection of what's
going on in the marketplace. And I think that's what
we're seeing right now. And crump is I mean, he's
(23:42):
a real estate investor. He's focused on fixing Main Street,
not Wall Street, and he knows that to fix Main
Street it's going to take three of his four years
in office, and then he can deal with Wall Street.
At the end. He can make a tweet, he can
make a couple of adjustments and adjust Wall Street. And
so we're going to see a slow turn in the
market and in the economy as we moved throughout his term,
(24:07):
but I think we're already moving in the right direction quickly.
Speaker 2 (24:11):
Well yeah, yeah, I want to talk about that for
a second. You don't really hear that very often from
the mainstream media, and that's what concerns me a lot. See,
I do I agree with what you just said. I
think we are going I think we have made a
very important turn. And I think that happened. Number one,
when Trump got elected. That made a very strong statement.
And then he got elected by seventy nine point nine,
(24:34):
almost eighty percent of the folks out there really recognize that,
you know what, we've got to turn this ship or
we're going to be hitting a very big iceberg. And
everyone studied the Titanic, so their hip to that, you know,
they don't want to be part of that. But I
want to go back to some of the numbers that
really kind of it was kind of a confusing report.
That's not really confusing. It was a mixed miss bag
(24:55):
for me, and that is that, you know, all right,
we did better than we anticipated, but really didn't do
better as we did last year. What intrigued me ti
in terms of the numbers manufacturing concerns me manufacturing concerns
me because there is a big push. We all know
that ever since COVID, manufacturing's got to get out of age,
(25:16):
it's got to get closer. There is a huge amount
of money being invested in the Caribbean. The Dominican Republic
created a very strong P three public private partnership. They're
trying to make the Dominican Republic the logistics center of
the Caribbean. Why because it's two hours from Miami, which
gets them two hours into mainland the United States on
(25:37):
the East coast, which is remarkable. So hundreds and hundreds
and hundreds of millions of dollars have been going into
the Dominican Republic. Same thing in Colombia, same thing in Mexico,
same thing in Guatemala. All of these countries that are
you know, post Panama, let's say, are looking to become
manufacturing centers with real estate, with free zones because in
(25:59):
the free zone you can do manufacturing. You know, this
is really really important. So when I see ty that
the manufacturing sector shed some jobs, to me, that's like,
all right, that's a little red, red, red red light
going off the red flag. It concerns me because from
my point of view, given Trump's interest and bringing it
over here, making it better, reducing supply chain times and
(26:24):
all this other South is important. Manufacturers have got to
come here. Should we be concerned about that as this
or is my commentary which is fine too premature?
Speaker 1 (26:34):
Well, No, I think it brings on a very strong
point in that we've got a number of economies that
are close by the US that make it very simple
for them to import in here, and I think Trump
is attacking those things with his tariffs, and I think
he's he's playing a really fine line because I think
(26:58):
if he plays hardball too hard, he's going to run
into so much pushbacks that he's not going to be
able to accomplish what he's trying to accomplish. And so
I think we've seen it with China. I think we've
seen him come in and put a foot down in
the sand, but play his game. I mean, at the
(27:19):
end of the day, he's a deal maker and he
is going to shoot for the moon, but he's going
to accept something less than that. And I think that's
what we're seeing right now. And so I think, kind
of back to what I mentioned that he's playing Main Street,
not Wall Street, right now he's playing the long game.
He's playing chess. He is not looking to fix America
(27:41):
in one hundred days. We've already surpassed that. He's not
looking to fix America in the first six months. He's
looking to make sure he fixes America. And it's going
to take some time, and I think we are going
to see a couple of months where we've got slow
job growth, where we don't see some the change as
quickly as what we're expecting. But I think in the
(28:03):
long run, we're going to get there. And I think
at the end of the day, we've seen a push
towards manufacturing already starting to want to come back to America.
I've seen in the Dallas market where I'm heavy, a
number of businesses looking to open manufacturing plants in the
(28:27):
North Dallas market, which we have not seen in the
last four years. So I think that's an early indicator
that we're moving in the right direction. But I think
we're still going to have some time ahead of us
before we really start to see the impact in the
job reports that start coming out.
Speaker 2 (28:43):
So when you look out there, I mean, how do
you see this affecting commercial real estate? And because that's
very important in South Florida in terms of job creation
and in terms of expanding the economy which is down here,
which is growing dramatically as we all know. It's just
(29:04):
been a remarkable, you know, two years or so where
we become you know, Fortune five hundred corporate oriented, whereas before,
you know, we had like, I don't know, rid systems.
I mean, we didn't have a lot of that at all.
We certainly sure as hell didn't have manufacturing in South Florida.
It just didn't exist. But now that's changing. So I'm
(29:24):
just curious what sort of man. Let's talk about Texas
for a second. I know a lot about that. When
I owned my other magazines Latin Trade, Latin CEO and
China Trade and some other stuff, I did a lot
of work in Texas. I wrote some white papers for
mayor's Houston and Dallas on tracking Southern Cone investment from
(29:45):
Latin America into the state of Texas. What type of
manufacturing are you seeing coming into Who are they attracting?
Speaker 1 (29:52):
Ty So we've got we've got two big chip manufacturers
that are open up chip manufacturing plants just north of Dallas,
which is huge. The amount of jobs that says, bringing
into Dallas. I know, we had eighteen hundred new jobs
hit a north suburb of Dallas, Sherman. And I've seen
that really in many of the business friendly states. I've
(30:16):
seen that in in Florida as well, where Southeast Florida
is having the finance moving significantly into into Florida. So
you've got the schwabs and the large financial firms opening
up headquarters in Florida and in Dallas.
Speaker 2 (30:33):
Cidel as Welly. I mean, Ken Griffin moved here, he's
been we've been involved with him. Ken Griffin moved here.
Citadel's here, that's a major state pulled out of Chicago,
you know, get it. Having his people carjack was not
a good thing in Chicago because he gave speech down
here and he said, well, why did you move here? Well,
we moved here because my people were getting carjacked in
(30:54):
the parking lot and he had just that was it
for him. But but yeah, we've had like one point
three trillion dollars come into Miami Dade County alone, because
I own the business magazine for down here. It's just
a remarkable situation. But you know, time when you're talking
about Texas, you're talking about chips. You know, these are
these aren't just jobs. These are very very technical, high
(31:17):
paying jobs. This is the type of job growth you
really want, don't you. Oh?
Speaker 1 (31:22):
Absolutely, And I think it brings it. It brings it
multifold because you know, with finance jobs and with private
equity brings the subsidiary companies, the portfolio companies, which brings
the blue collar jobs as well. And it's just a
it's I mean, it's human nature. You're going to uh,
(31:44):
you're going to focus on you know, when when you
decide that you want a red car, all of a sudden,
everything that you see as a red car. Well, when
you move your when you move your private equity headquarters,
when you move your finance headquarters to South Florida, you're
naturally going to see more opportunities in South Florida. When
you move your finances offerating headquarters to Dallas, you're going
to see more opportunities in the Dallas metro market. And
(32:04):
we're talking still. You know, Chicago was a top three market,
New York the number one market, and you've got those
companies moving into Dallas and Miami, which are we're already
top five markets. They're only going to grow and so
it's not like those opportunities didn't exist before, but they're
going to be more noticed. And so I think it's
(32:24):
going to bring more portfolio opportunities, more blue collar opportunities,
and being that Texas and Florida are such business friendly states,
it just drives the opportunity for those business business startups
and more business growth in those markets. When you bring
in the finance dollars that can help support that growth.
Speaker 2 (32:48):
Yeah, that's really really important. I mean, what's happened in
Florida which is very intriguing and we just wrote about
it in Global Miami, one of my other publications. We uh,
we've kind of try interesting. We've kind of insulated ourselves
from the tariff situation because the type of the economy
we're creating here is technology driven, it's finance driven, it's
(33:12):
innovation driven, it's research and development, and it's service industry oriented.
So when you think about that, if you're going to
have you know, the Citadels of the world and the
Schwabs and the others and these folks coming here, you've
you've changed the dynamic of the community. And and that
means from our point of view, Number one, we have
(33:33):
a younger, more vibrant market who will be on that
cutting edge of the creative part of the economy. And
and and so we become an investor driven, technological driven environment.
That is one of It's a very clean economy. I
(33:56):
mean in terms of the type of work that we create,
we don't create, you know, an unhealthy environment. I mean,
I'm not some crazy guy in the left talking about
you know, I want to say, you know, I'm not
the Indian crying with the tear from the nineteen seventies.
I get that. I mean I really get it from
them because I went to Syracuse and Lake Onondaga. It's
probably where he was standing, never froze and actually caught
(34:18):
on fire when I was a junior. I mean, it
was like freaking crazy. Someone said, hey, we got to
get out there and see on and Dogga said, why
it's on fire? Is it happen to be on fire?
It's a freaking lake And they said, no, it's on fire,
you gotta go see it. I get that, I really
get that. But what we're involved in right now is
such a clean environment. And this is really really good
(34:39):
stuff because you're going to attract younger, more vibrant people
who are going to raise families here, and all of
a sudden, you've changed the dynamic of your community in many,
many ways. I know, it's a remarkable thing, isn't it.
Speaker 1 (34:53):
It's absolutely it's top down. I mean when look at
Memphis or Detroit. You know, Memphis is still a strong mark,
but it is very oriented around blue collar and blue collar.
Only when you focus from the top down and you
have the financial impact that can push blue collar, then
you you all of a sudden have a self sustaining
market that can grow and it can sustain growth. And
(35:15):
then you add in the younger generations and the jobs
that it creates for the younger generations. Now you have
a booming, appreciating market as opposed to a stagnant or
a declining market.
Speaker 2 (35:26):
So yeah, I think you want to come. You know
time it's a place where people want to come, you know,
and you know, for example, in the past, when you
know someone got a job, you know, in the head
of the Beacon Council, Frank Nero was a dear friendly
we'd say, well we can get a CEO to come
down to Fortune five hundred CEO to come to Florida
and then he would tell the spouse, well, where we
(35:47):
moving to Florida. No, we're not, you know, because it's
like it was hopeless. It was like they didn't see
beyond the immediacy of what was going on. Now. You know,
certain cities, and I'm including Houston. I'm in near a lot.
I love Texas, Houston and Dallas, you know, very vibrant cities,
very vibrant economies, good friends of the mayors there. Even
though even when Turner was in Houston, I got along
(36:09):
great with him. I mean, the cat was just really
on top of it. And in Florida, we have completely
changed what's going on in this community. We're we're in
the in the top five cities of the world and
certainly one of the top cities in the United States
attracting business. So you know, I'm like, really really excited
for what's going on. Ty. I want to get you
(36:30):
back on the show when we have a little bit
more time for you, because I think I think you
have so much to say to the market. And by
the way, we're in Memphis, so I want you to
know that the folks in Memphis are listening to you
right now. So absolutely, we got to be good kids
about that. I like Memphis. I like Tennessee.
Speaker 1 (36:48):
I think it's a club the Memphis market. I've got
fifteen hundred apartment units in Memphis.
Speaker 2 (36:54):
I love Tennessee. I mean the Tennesseeans are great. The
Kentuckians are great. Oh my god, you're great, really good people,
good Americans. Ty, You're a good American. Thank you for
being on the show with us. And Made in America.
Speaker 1 (37:06):
Absolutely, I look forward to doing it again.
Speaker 2 (37:08):
Rich You're gonna come back real soon. Phil's gonna do that. Okay,
We're gonna be right back with more Made in America.
So I think you ought to stay there. Hey, welcome
back to Maide in America. And I gotta tell you,
(37:31):
I gotta you know, this is a fun show. Some shows,
you know, kind of laborious and you gotta get through it.
This was a fun show. And uh, I think I
think the information that was imparted in in the vibrancy
of what our guests we're talking about was pretty cool.
I enjoyed what Julio was saying.
Speaker 3 (37:47):
And in.
Speaker 2 (37:50):
The small business Hispanics, uh, particularly in Florida. I mean,
I've owned business down here, and I'm very intimate with
the business this world in South Florida and the small
business of Hispanics are just remarkable in Florida. I mean,
they really are a major backbone to the economy. They
(38:13):
more than anybody, the Hispanics, because remember South Florida, for example,
Florida is a gateway, but South Florida is the gateway
into Latin America and the Caribbean, very very very important.
It has been driving into national business now since the eighties,
and we have done remarkably well as a result of that.
But as a result of that and the intended consequences
(38:35):
and then the unattended consequences are that the folks that
come here are coming for a reason. They're coming because
they believe in the American dream, which is something that
I know anyone who's listening to the show embraces the
American dream. Work hard, you can listen, You can become
all you want to be if you try. Even if
you fail along the way, you can still pick yourself
(38:56):
up and keep on going. I mean, that's one of
the unique qualities of Florida. Miami. One of the reasons
Miami does so well is that it's a very forgiving city.
It's a very network city. People come here because they
want to achieve, they want to be part of that
American dream. That's the true nature of what we're trying
to talk about of immigration. And you know, if anyone
talks about immigration, for God's sakes, Miami in South Florida
(39:20):
totally understands that because our city became successful as a
result of massive immigration. I mean, going back to fifteen
nine and sixty with the Castro situation, we brought the
first way with the Cubans. They made us as a
result of that, That one thing alone completely changed the
dynamic of Florida because they made us an international market.
(39:41):
We started speaking more than one language, and we spoke Spanish.
And then then by doing that and making everybody culturally
comfortable here, you know, and which is what I wrote
in the white paper for you know, the mayor of Houston,
you wanted to know why they weren't getting the business
in southern southern Cone is that we made it comfortable
(40:02):
for other people to come here. So not only did
we speak Spanish from Cupa of course, you know portsupuesta
as we would say that means, but of course, but
we speak very we have more you know, Venezuelans. We
have more Colombians, we have more Guatemalans, we have more
Costa Ricans. I mean, we have all these different, you know,
(40:24):
parts of the language that are coming here. And by
doing that, we bring all that culture with us, and
that brings more business because we're a very comfortable city.
And when that occurred, we became an amazing creator of jobs.
Miami became an amazing creator of job because we have
all these people coming here. They want to be part
(40:44):
of the American dream. They're going to work really, really
hard to be successful. The first generation coming here won't
be as successful the second. The second won't be as
successful as a third. We've gone through three generations already
since this whole thing has been going on, going back
to the seventies and actually the sixth this has been
a remarkable sit This hasn't been an adventure like you
(41:04):
could never imagine. It's like all these other cities are
trying to figure out how to make it work. And know,
all you got to do is come to Miami and
spend a couple of weeks. You'll figure it out. Just
look and talk to the people. That's what it's all about.
And you want to know why they're here. Because they
want to be made in America, because they want their
families to be made in America, and they want to
be part of the American dream, which is making things
(41:25):
in America and succeeding. That's the whole point. And we're
gonna see you next week. Right here, I'm Made in
America with another journey, another example, and a couple of
really cool folks. So you're gonna really get your socks
knocked up if you're still wearing socks. You guys, have
a great week. See you next time.
This is Made in America with Rich Rothman.
Speaker 2 (00:15):
Hey, welcome to Made in America. This is Rich Roffman
speaking and I am your host. Glad to have you
here talking about what's going on in this country right now.
And I got to tell you, this has been a
very exciting week. I mean, this has been the week
of well, let's think for a second, the week that
Elon Musk and President Trump have you separated and they're
(00:36):
going through their tribulations right now. It's interesting, CEO that's
going to play out that of course, gave rice to
all the crazies on the left who are just excited
over the fact that Musk and Trump are arguing amongst
themselves or between themselves rather, and which is what they
wanted all along, because we've been paying attention to you know,
the Alphabet Network's ABC, NBC, CBS, MSNBC, CNB, SEE and
(01:01):
all the others that NPR and others, that this is
what they've been trying to trying to do, and then
been out there trying to convince people that there wasn't
from the beginning with all this missed diss and lying.
This has got cut to the chase and all the
lying that they do out there. So that's been interesting.
So this has been Oh my god, you've got you know,
Chuck Schumer and all those other boys and girls on
(01:23):
the left hand side who are just going insane over this,
and they're just so happy about it. And then we
have the people out there who were saying that, you know,
sort of like Christine Amapur from CNN saying, well, she's
a very prominent person, which she is. I mean, I
have no doubt she's been in the media for a
long long time. She just became a crazy but she
(01:45):
got on the media in the media a long long time.
But she is terrified about coming back into the United States.
Is it's sort of like coming back to North Korea,
which whoa, I didn't realize that, but okay, so she's
coming back here because she's afraid that she's what going
to be picked up by the Trump folks in mask.
(02:06):
And then of course we're listening to all the lefties,
all the Democrats saying that, you know, the ice folks
and the police picking up the illegal immigrants that are here,
migrants that are here wearing masks, and of course, wow,
you can't have that, can't have masks because obviously, you
know there's something wrung with that. What are they hiding for?
(02:27):
Why aren't they showing their faces? But they didn't seem
to have that problem when masks were on going after
the folks like Roger Stone and others at three and
four o'clock in the morning, when they were terrifying people
for trumped up charges. Pardon I actually I think pun intended,
not intended. So so this has been a very very
(02:48):
exciting week. And then we're listening to the crazies on
the left. I mean, this sounds like a crazy rant.
In a way, it is a crazy rant, because the
crazies on the left we're telling us that if this
bill passes, the big beautiful bill passes, that you know,
thousands and thousands and thousands of people are gonna die,
(03:08):
you know, because we're changing things, and Medicare is changing
and Medicaids changing, and you know, in church is going
to be changing, and the SNAP program's not going to
be there. And you know, at least one of the
numbers that I heard this week that was just bloody
crazy nut is like three hundred thousand people. You know,
we're all gonna die. We're all gonna die. This is
(03:29):
sort of like when you know, when the presidential campaign
starts and the crazies on the left always say that, well,
you know, we're all gonna die. We're gonna take grandma
and push her off the cliff because you know, Republicans
don't want to don't believe in good air, don't believe
in good water, don't believe in great health, don't believe
you should survive, don't think you should have health care,
and they're all busy playing guy. Well wait a minute,
those are the Democrats. But all right, so let's so
(03:53):
we have that problem and that light's out there. Then
the other thing that was terrific this week, I mean
from the crazies on the left, if they got to
figure out why they lost the boys, the young men,
the twenty somethings, who are you know, voting in that generation,
because they're going to have to spend twenty million dollars
(04:15):
to figure out why they alienated young men from the
Democratic Party. You know, it appeared that young white men
were flocking over to Trump. Then it appeared that you know,
blacks and Hispanics were flocking even bigger to get over
to Trump. So obviously they can't figure out why, such
as well, why are they losing men? Well, maybe because
(04:39):
some of the men, particularly those in the Biden administration, were,
I don't know, in dresses. Okay, So you know, there
you have men, and you want to relate to men,
and you want to have men feel that they're comfortable
in your party, and yet your party has men running
around in dresses. Then you have some of the people,
you know, men in the far left Democratic Party telling
(05:00):
the men that they really need to have tampons and
feminine hygiene products. You know, that's the right thing to
do in women's and men's bathrooms, because evidently men canmenstuate,
although we haven't proven that yet and we've never seen
that yet, and you can't do that yet, and men
generally speaking, I don't think can get pregnant, you know,
(05:23):
sort of like the Monty Python scene where Eric idel
is saying to John Cleese that he wants to be
a woman. Is there want to be a woman? And
John Cleese says, you want to be a woman, Yes,
I do. I want to have a baby. You want
to have a baby. How could you have a baby?
You don't have a bloody uterus. We're going to gestate
(05:47):
the fetus. So okay. So having said that, that's my
Monty Python moment. Having said that, you know, we have
to listen to the crazies, and they're wondering why they
lose the men. Maybe if they let men be men.
Maybe if they kept men out of women's sports. Maybe,
(06:08):
if they kept men out of the women's bathroom, maybe
if they kept men out of the women's changing room.
Maybe if they just would stop with this incredible nonsense.
They're so fixated. I don't even under Maybe you do,
and if you do, let me know what you think.
At Rich at rich Roffman dot com, you tell me that,
(06:29):
Rich at rich Roffman dot com, you tell me this
week why you think the Democrats, the far left crazies
are so obsessed with the sex thing. I mean, it's
not just sex as one thing, but it's the changing
your sex. You know, why are they so obsessed with
that that now it's gonna spend twenty million dollars to
(06:52):
figure out why they have alienated men, alienated men from
the party. And I've got to say a good part
of it's got to be because they're not they like men.
Let men be men, you know, let men be strong.
They don't have to be you know, metrosexual or whatever
(07:14):
you want to call It doesn't matter. How about if
a guy just wants to be masculine, what's wrong with that?
So if a guy wants to be masculine, you can't
downplay that, because's what's that we've been seeing for the
last few years. You know, it's just it's wrong for
a man to be Oh man, can't do that, can't
do that. So so I guess this has been a
(07:35):
very exciting week and this week has been just bloody great.
And then we have Elon Musk and Donald Trump arguing
between the two of them sometime you know, later in
the in the end, towards the end of the week,
they were saying, well, maybe they're gonna, you know, they're
gonna make up a little bit and they'll you know,
get back together and then we'll see. Let's just see
(07:58):
where it all this leads us. But I will say,
to spend twenty million dollars to figure out how you
alienated men, all you gotta tell you was look at
your platform and what you try to do. And you know,
go look at some of the parties that we saw
at the White House when Biden was the president, and
you got Ben, you know, just standing there by the
(08:20):
way with you know, mustaches and everything in their dresses.
And I'm not I don't want anyone to say that
I'm some homophobic crazy guy, but I don't like, you know,
people who are you know, homosexual, gay. It's not where
I'm going with this at all, not for a second.
I'm just saying, if you want to know why you
alienated the men, just let men be men. Don't be
(08:41):
so obsessed about all this thing. It'll play out the
way it's supposed to play out. Okay, We're gonna be
right back. We've Made in America. We got a really
good show for you today. We have Ty Lasseter's on
the show, and we have Julio Flentye's on the show.
Julio's gonna be talking about us Hispanics and tariffs and
things like that. And I was gonna be talking about
the economy, slow growth maybe maybe not, and job creation.
(09:05):
And you know, he's a real successful guy. We're going
to talk about him. So Uncle whinnyware Made in America's
coming right back, and we're gonna make it in America. Okay,
welcome back. To Madida in America. You know, we had
(09:27):
this incredible conversation, you know, about twenty million dollars to
figure out I mean, I'm like stunned by that. Why
don't they just give me one million dollars and I'll
talk to them about it, or better yet, they can
buy an ad and we can put him on the
radio show. I'm like, twenty million dollars to figure out
how the demo guys have totally screwed up masculinity in
the United States? Twenty million dollars? Are you kidding me?
(09:50):
My god, I don't think that has to be. We
can do this anyway. Here's the deal on the show
right now, and I'm so happy that he's here. Julia
Wuentes is here. He's the president and CEO of the
Florida State Hispanic Chamber of Commerce, which if you understand Florida,
and I certainly do having been down here for so long,
and you know, as you all know, we're based down
(10:10):
here in Carl Gables, but Julio is up in another
great city. He's up in West Palm Beach. That's where
his offices, plus you know, Tallahassee and others, Jacksonville, you
know during season when they're in session. But right now
we have Julio calling in from Washington, d C. Julio,
Welcome to Maid in America.
Speaker 3 (10:32):
Hi, how are you. Thank you for having me.
Speaker 2 (10:34):
Yeah, I'm delighted to have you here. So let me
ask you a question. I mean, we you know, we're
we're seeing what's going on in the United States right now.
I'm very intrigued in what your opinion is of you know,
we are watching you know, it's really we're watching the
crazy I see. I watched the Crazies and I get
(10:56):
a kick out of it. I get my popcorn out.
And I watched the news, and I watched the truck
and they watched the people are telling me that whatever
Trump is doing is going to produce death, destruction in
the end of the world. That's that's basically what I hear.
And and so you know what I'm I like to
hear from it. You did a nice opinion piece, you know,
in the Tampa Bay Times on Florida's business small business
(11:19):
benefit from extending Trump's tax cuts, and I and I
think that's very very important. So let's let's let's talk
for a second. You know what, what do you from
your point of view, what do you think is really
going to What's what's happening when we're extending the tax
cuts that was so important for us to have this happen.
We got it. We must maintain control of the presidency,
control of the House, control of the Senate. It's it's
(11:41):
for the lifeblood of this country. But why is this
so important? And from your point of view, from the
Hispanic point of view, which is the majority of America
right now in South Florida, for sure, what do you think?
Speaker 3 (11:54):
Yeah, I mean, no question about it. It's something that's
important for for not only uh, you know, Hispanic American
business owners, but for the country as as a whole.
I mean, we're an opportunity, a unique opportunity to kind of,
you know, do the things that need to happen to
turn this country country around and put it in the
(12:14):
right direction. This is definitely something that that's going to
achieve that that goal. And from from my constituents that
from from the state of Florida, UH are are obviously
excited about it. The only the only piece, the only
caveat which is one of the reasons I'm up here
in Florida, is the enhanced premium tax credits from the
(12:40):
Affordable Care Act that's due to expire, uh here in
a couple of a couple of months towards the end
of this year. And if if that, if that is
left to expire, then then that's that's consequences for a
lot of a lot of small businesses. So I mean,
right now we're working with congressional folks from Florida kind
(13:01):
of letting them know because this is something that's kind of,
for some reason just kind of flying under the radar screen.
Nobody's really talking about it, and our messaging on it
is something like, you know, listen, we know the administration
is working on something that's better than the Affordable Care Act,
we know that. But right now, as a small business owner,
(13:22):
this is all that I have. So while you're working
out a better solution for us, do not let these
particular tax credits run out. Because my premium, just to
give you an idea anyway, just to lay it out,
a family of four making you know, eighty thousand bucks
a year has been paying roughly let's say four thousand,
(13:43):
forty five hundred a year. Literally, if they let these
tax credits expire, that premium is going to jump all
the way to fifteen, sixteen, seventeen thousand dollars overnight, and
we know what's going to happen there. I mean a
lot of people are just going to go without coverage,
right and then you have that effect from there. So
(14:03):
let's talk on board.
Speaker 2 (14:05):
Yeah, go ahead.
Speaker 3 (14:07):
No, no, I was gonna say, I mean we're we're
one of them again. The reason I'm up here in
DC right now is just making around and educating our folks.
Is you know, a guy like Congressman Jimenez congressmans a
large congressanviers a large Just to give you an idea,
two hundred and twenty thousand of his constituents, of his
(14:29):
residents and his districts currently rely on the Affordable Care
Act for insurance. So if that goes away, that's a
nice chunk of his of his district. So just just
making them aware of this, well.
Speaker 2 (14:41):
You know, the the interesting thing. And by the way,
you're naming people who are good friends. Carlos Amanez is
a very very I've known him for a long long time.
He's a great guy, and he's also a good friend
of Mike Herricart, one of my best friends and partners
as a matter of fact, for many, many years. And
but but let's let's get back do this for a second.
You know, the small businesses of this country or the
(15:03):
backbone of job creation. We know that the SMEs are
the backbone. They are creating more jobs than any any
other segment of this of American economy. And if in fact,
we did not protect the twenty seventeen tax cuts and
codify them to go forward, we would wind up with
(15:27):
and you can talk about this for a second, with
the largest tax and crease and probably the modern times
in the history of the United States. I mean, it
would just be devastating. And it's the Republican Party, the
Conservatives that would take the hit for that. So and
on top of which, I'm not so sure we would
be able to, you know, going forward, that we'd be
(15:49):
able to keep control of the House or the you know,
the the Senate or the certainly not the presidency. It
just wouldn't happen. So hold on, when you're talking to
your constituents, to those who are your your membership, you know,
what are you saying to these guys? Are they out there?
Are they talking to the carless and menaces? Of the world,
letting them know what's going on, why it's important to
them because certainly if they get hit with a huge
(16:12):
tax increase in corporate taxes changed, you know you're gonna
have a huge downturn. Correct.
Speaker 3 (16:17):
Yeah, no, absolutely, it's it's it would be devastating, there's
no question about it. And and yeah, it's interesting. I
mean I've been doing this for quite some time and
the uproar, if you will, kind of the the outreach
that's happening from our business community up to our congressional
(16:39):
folks and even some of our state leaders. I mean
talking about state issues, but up here in DC it
is overwhelming. I mean the emails, the phone calls, people
jumping on the flight, you know, on a on a
drop of a dime to get up here to make
sure that their voices are being heard. And that's all good,
that's all healthy stuff. So I mean, I'm I'm excited
to see it. And the humanisis of the world and
(16:59):
is the lard. They'd love to see their constituents up
there visiting the Limb office and hearing what's on their mind.
So it's uh, it's good times. It's good times.
Speaker 2 (17:07):
No, I agree with you. I think it's very very
very very important that we get this. We cannot fail
on this. We cannot fail on this because the Democrats
would love to have us fail on this. We fail
on this, I'm telling you we're out. We're going to
be out. It would be the worst talking point that
could ever be out there for a conservative or Republican
and that is just scares the hell out of me,
(17:29):
to be perfectly honest. So going forward, how do you
see I'm just curious your take on cars and how
you think they're going to affect you know, small businesses,
particularly Hispanic which is you know, remarkable down here in
South Florida.
Speaker 3 (17:45):
Yeah, so, I mean we do have some concern folks,
depending on what industry they're they're they're in. Interestingly enough,
I could talk to you about a segment of those
small businesses that are involved in formal wear kind of
those wedding dresses and you know those kiss uh that
(18:06):
uh so, so that particular industry, and I'm not talking
about the via Langs of the world. I'm literally talking
about your boot tea shops that that you might have
over there in Corbo Gables.
Speaker 2 (18:17):
Uh, we're known for that. We have great shops for
that down here.
Speaker 3 (18:22):
Yeah, yeah, exactly. But the tariffs, you know, it would
would hurt them significantly. But we they fall under a
category of one time where which is a carve out. Uh,
that's that's exempted from the tariffs. But so for example,
Halloween costumes, they fall under a one time where So
(18:45):
basically what we're trying to do, working with with a
lot of these small businesses is again up here with
the humanities and in our congressional folks, you know, letting
them know what's what's happening in this particular category and
fight for that carve out for these bridal boutiques, if
you will, that the tariffs would not affect them as much.
(19:06):
So that's that's kind of a specific specific industry.
Speaker 2 (19:10):
Well, that's terrific, you know, I think I think they're
going to be successful with that, to be perfectly honest,
it's a big industry too. By the way. Anyway, Julio,
thank you so much for being on main in America.
Julia Plante's president CEO of the Florida State Hispanic Chamber
of Commerce. I got to tell you to a very
important organization in the state of Florida, very important organization.
We excel in producing what we're doing down here. I
(19:31):
just want you to know that, Julio, thanks for all
you do for us. Stay up there and make sure
that gets through.
Speaker 3 (19:37):
Thank you, sir, Thank you for having me.
Speaker 2 (19:39):
Absolutely, we're gonna be right back with a tremendous conversation
about job growth and the current job report and you
know how we're going to survive all of this. We'll
be right back.
Speaker 1 (20:12):
Promoting American industry. This is Made in America with Rich Rothman.
Speaker 2 (20:18):
Okay, welcome back to Made an America. I'mrid Troffman, your host.
Good to have you here. You know, we got we
were talking about, uh, you know, the the twenty seventeen
tax cuts, why it was so important to extend them
and to protect us and protect the economy. Otherwise we're
gonna wind up with the largest tax increase in the
(20:38):
history of the United States. And I mean and Grover Grover,
you know, Grover Norquiz is a good friend. Grover's going
to lose his mind if that happens. So this is
like there there is no failure in this. We got
to be real clear about that. But we're gonna have
a good conversation, right now I want to talk about
the job market, and you know, whether we think it's
softening not softening. And you know, if you listen to
some of the crazies out there, you're gonna be believing
(21:01):
that the world's coming to an end because the tariffs.
The world's coming to an end, you know, because you know,
the economy is slowing, the world's coming to an end
because the taxes and so forth, you know, deficits. Oh
my god, I mean, I hear so much negativity. It's
very hard to find the truth in anything. That's why
we're here as a matter of fact. But okay, but
with us right now, he's gonna give us some clarity
and transparency and all. This is thy Lassiter. Ty, welcome
(21:24):
to Meade in America.
Speaker 1 (21:26):
Rich, it's great to be on.
Speaker 2 (21:28):
You're really glad to have you here. I mean, Ty,
I gotta tell you you must be having a lot
of fun out there because you know, A you're such
a successful individual. You know, the world's number one capital closer, Ty,
that's what that's your moniker number one, I mean, that's
what it's. Your business card must be longest out because
it says thy Lassiter is the world's number one capital closer,
(21:50):
so that's continued on the other side. Okay, So I
want to hear thy Lassiter has done so well and
he has a good feel in the pulse of the economy. Ty,
let me ask you a question. You know, with all
the things that are happening right now, did you feel
And we can talk about the numbers in a second,
because they're not they were okay, they're not. Okay, I
want to I want to discuss that they came out
at the end of this week. How do you when
(22:12):
you're looking out of the landscape, the economy landscape right now,
are we softening? Yeah?
Speaker 1 (22:18):
Well, look, I mean I think the jobs report was
down a little bit from a year this time a
year ago. But I don't I don't know that we're
we're softening in terms of jobs. I mean, at the
end of the day, I've had a better I've had
a better time hiring in our company in the last
(22:38):
three months than I have in the last two years. Uh,
with with what we were seeing, with with all of
the really COVID rebates coming out of COVID and with
the Biden administration, we had people that were just as
just as well happy setting at home and collecting a subsidy.
Uh And now I think what we've seen in the
(23:00):
market is a drive and a push for people to
get back in the marketplace. We've made a couple of
key new hires within our organization, and I've talked to
a number of other operators within our industry that the
same thing. And at the end of the day, twenty
twenty five has started out to be a similar year
(23:21):
for us as twenty twenty two was a really strong year. Again,
twenty twenty three twenty twenty four were really slow years.
And so you know, I think paper can say one thing,
but it doesn't always give a true reflection of what's
going on in the marketplace. And I think that's what
we're seeing right now. And crump is I mean, he's
(23:42):
a real estate investor. He's focused on fixing Main Street,
not Wall Street, and he knows that to fix Main
Street it's going to take three of his four years
in office, and then he can deal with Wall Street.
At the end. He can make a tweet, he can
make a couple of adjustments and adjust Wall Street. And
so we're going to see a slow turn in the
market and in the economy as we moved throughout his term,
(24:07):
but I think we're already moving in the right direction quickly.
Speaker 2 (24:11):
Well yeah, yeah, I want to talk about that for
a second. You don't really hear that very often from
the mainstream media, and that's what concerns me a lot. See,
I do I agree with what you just said. I
think we are going I think we have made a
very important turn. And I think that happened. Number one,
when Trump got elected. That made a very strong statement.
And then he got elected by seventy nine point nine,
(24:34):
almost eighty percent of the folks out there really recognize that,
you know what, we've got to turn this ship or
we're going to be hitting a very big iceberg. And
everyone studied the Titanic, so their hip to that, you know,
they don't want to be part of that. But I
want to go back to some of the numbers that
really kind of it was kind of a confusing report.
That's not really confusing. It was a mixed miss bag
(24:55):
for me, and that is that, you know, all right,
we did better than we anticipated, but really didn't do
better as we did last year. What intrigued me ti
in terms of the numbers manufacturing concerns me manufacturing concerns
me because there is a big push. We all know
that ever since COVID, manufacturing's got to get out of age,
(25:16):
it's got to get closer. There is a huge amount
of money being invested in the Caribbean. The Dominican Republic
created a very strong P three public private partnership. They're
trying to make the Dominican Republic the logistics center of
the Caribbean. Why because it's two hours from Miami, which
gets them two hours into mainland the United States on
(25:37):
the East coast, which is remarkable. So hundreds and hundreds
and hundreds of millions of dollars have been going into
the Dominican Republic. Same thing in Colombia, same thing in Mexico,
same thing in Guatemala. All of these countries that are
you know, post Panama, let's say, are looking to become
manufacturing centers with real estate, with free zones because in
(25:59):
the free zone you can do manufacturing. You know, this
is really really important. So when I see ty that
the manufacturing sector shed some jobs, to me, that's like,
all right, that's a little red, red, red red light
going off the red flag. It concerns me because from
my point of view, given Trump's interest and bringing it
over here, making it better, reducing supply chain times and
(26:24):
all this other South is important. Manufacturers have got to
come here. Should we be concerned about that as this
or is my commentary which is fine too premature?
Speaker 1 (26:34):
Well, No, I think it brings on a very strong
point in that we've got a number of economies that
are close by the US that make it very simple
for them to import in here, and I think Trump
is attacking those things with his tariffs, and I think
he's he's playing a really fine line because I think
(26:58):
if he plays hardball too hard, he's going to run
into so much pushbacks that he's not going to be
able to accomplish what he's trying to accomplish. And so
I think we've seen it with China. I think we've
seen him come in and put a foot down in
the sand, but play his game. I mean, at the
(27:19):
end of the day, he's a deal maker and he
is going to shoot for the moon, but he's going
to accept something less than that. And I think that's
what we're seeing right now. And so I think, kind
of back to what I mentioned that he's playing Main Street,
not Wall Street, right now he's playing the long game.
He's playing chess. He is not looking to fix America
(27:41):
in one hundred days. We've already surpassed that. He's not
looking to fix America in the first six months. He's
looking to make sure he fixes America. And it's going
to take some time, and I think we are going
to see a couple of months where we've got slow
job growth, where we don't see some the change as
quickly as what we're expecting. But I think in the
(28:03):
long run, we're going to get there. And I think
at the end of the day, we've seen a push
towards manufacturing already starting to want to come back to America.
I've seen in the Dallas market where I'm heavy, a
number of businesses looking to open manufacturing plants in the
(28:27):
North Dallas market, which we have not seen in the
last four years. So I think that's an early indicator
that we're moving in the right direction. But I think
we're still going to have some time ahead of us
before we really start to see the impact in the
job reports that start coming out.
Speaker 2 (28:43):
So when you look out there, I mean, how do
you see this affecting commercial real estate? And because that's
very important in South Florida in terms of job creation
and in terms of expanding the economy which is down here,
which is growing dramatically as we all know. It's just
(29:04):
been a remarkable, you know, two years or so where
we become you know, Fortune five hundred corporate oriented, whereas before,
you know, we had like, I don't know, rid systems.
I mean, we didn't have a lot of that at all.
We certainly sure as hell didn't have manufacturing in South Florida.
It just didn't exist. But now that's changing. So I'm
(29:24):
just curious what sort of man. Let's talk about Texas
for a second. I know a lot about that. When
I owned my other magazines Latin Trade, Latin CEO and
China Trade and some other stuff, I did a lot
of work in Texas. I wrote some white papers for
mayor's Houston and Dallas on tracking Southern Cone investment from
(29:45):
Latin America into the state of Texas. What type of
manufacturing are you seeing coming into Who are they attracting?
Speaker 1 (29:52):
Ty So we've got we've got two big chip manufacturers
that are open up chip manufacturing plants just north of Dallas,
which is huge. The amount of jobs that says, bringing
into Dallas. I know, we had eighteen hundred new jobs
hit a north suburb of Dallas, Sherman. And I've seen
that really in many of the business friendly states. I've
(30:16):
seen that in in Florida as well, where Southeast Florida
is having the finance moving significantly into into Florida. So
you've got the schwabs and the large financial firms opening
up headquarters in Florida and in Dallas.
Speaker 2 (30:33):
Cidel as Welly. I mean, Ken Griffin moved here, he's
been we've been involved with him. Ken Griffin moved here.
Citadel's here, that's a major state pulled out of Chicago,
you know, get it. Having his people carjack was not
a good thing in Chicago because he gave speech down
here and he said, well, why did you move here? Well,
we moved here because my people were getting carjacked in
(30:54):
the parking lot and he had just that was it
for him. But but yeah, we've had like one point
three trillion dollars come into Miami Dade County alone, because
I own the business magazine for down here. It's just
a remarkable situation. But you know, time when you're talking
about Texas, you're talking about chips. You know, these are
these aren't just jobs. These are very very technical, high
(31:17):
paying jobs. This is the type of job growth you
really want, don't you. Oh?
Speaker 1 (31:22):
Absolutely, And I think it brings it. It brings it
multifold because you know, with finance jobs and with private
equity brings the subsidiary companies, the portfolio companies, which brings
the blue collar jobs as well. And it's just a
it's I mean, it's human nature. You're going to uh,
(31:44):
you're going to focus on you know, when when you
decide that you want a red car, all of a sudden,
everything that you see as a red car. Well, when
you move your when you move your private equity headquarters,
when you move your finance headquarters to South Florida, you're
naturally going to see more opportunities in South Florida. When
you move your finances offerating headquarters to Dallas, you're going
to see more opportunities in the Dallas metro market. And
(32:04):
we're talking still. You know, Chicago was a top three market,
New York the number one market, and you've got those
companies moving into Dallas and Miami, which are we're already
top five markets. They're only going to grow and so
it's not like those opportunities didn't exist before, but they're
going to be more noticed. And so I think it's
(32:24):
going to bring more portfolio opportunities, more blue collar opportunities,
and being that Texas and Florida are such business friendly states,
it just drives the opportunity for those business business startups
and more business growth in those markets. When you bring
in the finance dollars that can help support that growth.
Speaker 2 (32:48):
Yeah, that's really really important. I mean, what's happened in
Florida which is very intriguing and we just wrote about
it in Global Miami, one of my other publications. We uh,
we've kind of try interesting. We've kind of insulated ourselves
from the tariff situation because the type of the economy
we're creating here is technology driven, it's finance driven, it's
(33:12):
innovation driven, it's research and development, and it's service industry oriented.
So when you think about that, if you're going to
have you know, the Citadels of the world and the
Schwabs and the others and these folks coming here, you've
you've changed the dynamic of the community. And and that
means from our point of view, Number one, we have
(33:33):
a younger, more vibrant market who will be on that
cutting edge of the creative part of the economy. And
and and so we become an investor driven, technological driven environment.
That is one of It's a very clean economy. I
(33:56):
mean in terms of the type of work that we create,
we don't create, you know, an unhealthy environment. I mean,
I'm not some crazy guy in the left talking about
you know, I want to say, you know, I'm not
the Indian crying with the tear from the nineteen seventies.
I get that. I mean I really get it from
them because I went to Syracuse and Lake Onondaga. It's
probably where he was standing, never froze and actually caught
(34:18):
on fire when I was a junior. I mean, it
was like freaking crazy. Someone said, hey, we got to
get out there and see on and Dogga said, why
it's on fire? Is it happen to be on fire?
It's a freaking lake And they said, no, it's on fire,
you gotta go see it. I get that, I really
get that. But what we're involved in right now is
such a clean environment. And this is really really good
(34:39):
stuff because you're going to attract younger, more vibrant people
who are going to raise families here, and all of
a sudden, you've changed the dynamic of your community in many,
many ways. I know, it's a remarkable thing, isn't it.
Speaker 1 (34:53):
It's absolutely it's top down. I mean when look at
Memphis or Detroit. You know, Memphis is still a strong mark,
but it is very oriented around blue collar and blue collar.
Only when you focus from the top down and you
have the financial impact that can push blue collar, then
you you all of a sudden have a self sustaining
market that can grow and it can sustain growth. And
(35:15):
then you add in the younger generations and the jobs
that it creates for the younger generations. Now you have
a booming, appreciating market as opposed to a stagnant or
a declining market.
Speaker 2 (35:26):
So yeah, I think you want to come. You know
time it's a place where people want to come, you know,
and you know, for example, in the past, when you
know someone got a job, you know, in the head
of the Beacon Council, Frank Nero was a dear friendly
we'd say, well we can get a CEO to come
down to Fortune five hundred CEO to come to Florida
and then he would tell the spouse, well, where we
(35:47):
moving to Florida. No, we're not, you know, because it's
like it was hopeless. It was like they didn't see
beyond the immediacy of what was going on. Now. You know,
certain cities, and I'm including Houston. I'm in near a lot.
I love Texas, Houston and Dallas, you know, very vibrant cities,
very vibrant economies, good friends of the mayors there. Even
though even when Turner was in Houston, I got along
(36:09):
great with him. I mean, the cat was just really
on top of it. And in Florida, we have completely
changed what's going on in this community. We're we're in
the in the top five cities of the world and
certainly one of the top cities in the United States
attracting business. So you know, I'm like, really really excited
for what's going on. Ty. I want to get you
(36:30):
back on the show when we have a little bit
more time for you, because I think I think you
have so much to say to the market. And by
the way, we're in Memphis, so I want you to
know that the folks in Memphis are listening to you
right now. So absolutely, we got to be good kids
about that. I like Memphis. I like Tennessee.
Speaker 1 (36:48):
I think it's a club the Memphis market. I've got
fifteen hundred apartment units in Memphis.
Speaker 2 (36:54):
I love Tennessee. I mean the Tennesseeans are great. The
Kentuckians are great. Oh my god, you're great, really good people,
good Americans. Ty, You're a good American. Thank you for
being on the show with us. And Made in America.
Speaker 1 (37:06):
Absolutely, I look forward to doing it again.
Speaker 2 (37:08):
Rich You're gonna come back real soon. Phil's gonna do that. Okay,
We're gonna be right back with more Made in America.
So I think you ought to stay there. Hey, welcome
back to Maide in America. And I gotta tell you,
(37:31):
I gotta you know, this is a fun show. Some shows,
you know, kind of laborious and you gotta get through it.
This was a fun show. And uh, I think I
think the information that was imparted in in the vibrancy
of what our guests we're talking about was pretty cool.
I enjoyed what Julio was saying.
Speaker 3 (37:47):
And in.
Speaker 2 (37:50):
The small business Hispanics, uh, particularly in Florida. I mean,
I've owned business down here, and I'm very intimate with
the business this world in South Florida and the small
business of Hispanics are just remarkable in Florida. I mean,
they really are a major backbone to the economy. They
(38:13):
more than anybody, the Hispanics, because remember South Florida, for example,
Florida is a gateway, but South Florida is the gateway
into Latin America and the Caribbean, very very very important.
It has been driving into national business now since the eighties,
and we have done remarkably well as a result of that.
But as a result of that and the intended consequences
(38:35):
and then the unattended consequences are that the folks that
come here are coming for a reason. They're coming because
they believe in the American dream, which is something that
I know anyone who's listening to the show embraces the
American dream. Work hard, you can listen, You can become
all you want to be if you try. Even if
you fail along the way, you can still pick yourself
(38:56):
up and keep on going. I mean, that's one of
the unique qualities of Florida. Miami. One of the reasons
Miami does so well is that it's a very forgiving city.
It's a very network city. People come here because they
want to achieve, they want to be part of that
American dream. That's the true nature of what we're trying
to talk about of immigration. And you know, if anyone
talks about immigration, for God's sakes, Miami in South Florida
(39:20):
totally understands that because our city became successful as a
result of massive immigration. I mean, going back to fifteen
nine and sixty with the Castro situation, we brought the
first way with the Cubans. They made us as a
result of that, That one thing alone completely changed the
dynamic of Florida because they made us an international market.
(39:41):
We started speaking more than one language, and we spoke Spanish.
And then then by doing that and making everybody culturally
comfortable here, you know, and which is what I wrote
in the white paper for you know, the mayor of Houston,
you wanted to know why they weren't getting the business
in southern southern Cone is that we made it comfortable
(40:02):
for other people to come here. So not only did
we speak Spanish from Cupa of course, you know portsupuesta
as we would say that means, but of course, but
we speak very we have more you know, Venezuelans. We
have more Colombians, we have more Guatemalans, we have more
Costa Ricans. I mean, we have all these different, you know,
(40:24):
parts of the language that are coming here. And by
doing that, we bring all that culture with us, and
that brings more business because we're a very comfortable city.
And when that occurred, we became an amazing creator of jobs.
Miami became an amazing creator of job because we have
all these people coming here. They want to be part
(40:44):
of the American dream. They're going to work really, really
hard to be successful. The first generation coming here won't
be as successful the second. The second won't be as
successful as a third. We've gone through three generations already
since this whole thing has been going on, going back
to the seventies and actually the sixth this has been
a remarkable sit This hasn't been an adventure like you
(41:04):
could never imagine. It's like all these other cities are
trying to figure out how to make it work. And know,
all you got to do is come to Miami and
spend a couple of weeks. You'll figure it out. Just
look and talk to the people. That's what it's all about.
And you want to know why they're here. Because they
want to be made in America, because they want their
families to be made in America, and they want to
be part of the American dream, which is making things
(41:25):
in America and succeeding. That's the whole point. And we're
gonna see you next week. Right here, I'm Made in
America with another journey, another example, and a couple of
really cool folks. So you're gonna really get your socks
knocked up if you're still wearing socks. You guys, have
a great week. See you next time.
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