1 00:00:21,879 --> 00:00:24,320 Speaker 1: Look at that. Yep. 2 00:00:24,480 --> 00:00:28,160 Speaker 2: This is Dead wrap Up twenty twenty five. Welcome to 3 00:00:28,199 --> 00:00:32,600 the Big Podcast. It is New Year's Eve, December thirty first, 4 00:00:34,079 --> 00:00:38,119 twenty twenty five. My name is Tom Sullivan, and so 5 00:00:38,200 --> 00:00:41,679 it's one of those one of those days where the 6 00:00:41,719 --> 00:00:46,759 world pauses and I know, when we get to like 7 00:00:46,840 --> 00:00:49,399 the fourth of July, that's that's a holiday here, but 8 00:00:49,479 --> 00:00:53,240 the world doesn't represent that or stop and celebrate it. 9 00:00:53,240 --> 00:00:57,799 It's a US holiday. But for New Year's it's pretty much. 10 00:00:58,719 --> 00:01:01,840 I know there are different calendar, but everybody has the 11 00:01:01,920 --> 00:01:06,280 Gregorian calendar and that's what we're using to another trip 12 00:01:06,319 --> 00:01:09,920 around the sun. And here we go into a new year. 13 00:01:10,519 --> 00:01:12,879 So we've got a couple of things to go over. 14 00:01:12,920 --> 00:01:16,239 I got some economic stuff because that's kind of I'm 15 00:01:16,319 --> 00:01:21,000 kind of a I'm kind of an economic weenie. I'd 16 00:01:21,120 --> 00:01:25,439 like economic news, business news and all that. But let 17 00:01:25,519 --> 00:01:28,560 me start with since there's going to be a lot 18 00:01:28,599 --> 00:01:33,280 of you watching the dropping of the ball Times Square 19 00:01:34,879 --> 00:01:39,560 yesterday they had the test. It's always interesting to watch 20 00:01:40,040 --> 00:01:43,640 because they do they do a test and they run 21 00:01:43,680 --> 00:01:46,719 the ball up the pole and then they bring it 22 00:01:46,799 --> 00:01:50,280 down and they don't do the all the flashing everything 23 00:01:50,319 --> 00:01:54,000 else but the twenty twenty six sign pops up. So 24 00:01:54,319 --> 00:01:58,760 all that tested fine yesterday, but they've been the work 25 00:01:58,879 --> 00:02:04,159 behind that goofy ball drop in Times Square and the 26 00:02:05,000 --> 00:02:06,719 I don't know how many people will be there. It's 27 00:02:06,760 --> 00:02:10,919 going to be cold. There have been colder New Year's ease. 28 00:02:11,000 --> 00:02:15,120 It's going to be somewhere around thirty degrees. The real 29 00:02:15,199 --> 00:02:18,879 field will be somewhere in the low twenties. And they 30 00:02:18,960 --> 00:02:23,120 are saying there's a decent chance for some light snow 31 00:02:23,719 --> 00:02:28,680 about that time. So the people in Times Square have 32 00:02:29,759 --> 00:02:32,759 they close off Times Square at three o'clock in the afternoon, 33 00:02:33,479 --> 00:02:35,280 and the pens have already been up. They put the 34 00:02:35,319 --> 00:02:39,599 pens up yesterday. So traffic on Broadway, in Seventh Avenue 35 00:02:39,599 --> 00:02:43,520 and all that's all been blocked for over twenty four hours. 36 00:02:44,159 --> 00:02:48,639 So they'll start letting people in at three o'clock and 37 00:02:49,000 --> 00:02:52,919 they better dress warm, and they can't bring in any 38 00:02:53,360 --> 00:02:58,240 handbags or anything like that walk in. I know there's 39 00:02:58,479 --> 00:03:01,960 no restrooms. If you want to use a restroom, you 40 00:03:02,000 --> 00:03:03,879 can leave, but you can't come back. 41 00:03:04,759 --> 00:03:05,800 Speaker 3: So people. 42 00:03:07,520 --> 00:03:11,840 Speaker 2: It's not worth it to me. They wear adult diapers, 43 00:03:11,879 --> 00:03:18,080 I guess, or just get dehydrated. So The guy who 44 00:03:18,159 --> 00:03:24,280 owns the building upon which the ball drop is located 45 00:03:25,199 --> 00:03:29,560 is a guy by the name of Michael Phillips, and 46 00:03:29,639 --> 00:03:35,639 he was on morning television this morning, and I learned 47 00:03:35,879 --> 00:03:38,120 a little bit more about the ball drop and how 48 00:03:38,120 --> 00:03:39,120 long it's been going on. 49 00:03:39,319 --> 00:03:41,000 Speaker 3: Chilly up here, but what a blessing it is to 50 00:03:41,000 --> 00:03:43,919 be up here with you, even though you forgot your shades, all. 51 00:03:43,879 --> 00:03:45,439 Speaker 4: Right, Well, I wanted to make you the star of 52 00:03:45,439 --> 00:03:45,759 the show. 53 00:03:46,520 --> 00:03:48,960 Speaker 3: I appreciate that. But the real star of the show, obviously, 54 00:03:49,080 --> 00:03:50,680 is this ball. You were just telling me it's the 55 00:03:50,800 --> 00:03:53,800 ninth iteration of this. We've got a long history here. 56 00:03:53,719 --> 00:03:56,520 Speaker 4: Yeah, so we've been since nineteen oh seven. This is 57 00:03:56,560 --> 00:03:58,919 the ninth iteration of the ball. This is the largest 58 00:03:58,960 --> 00:04:02,759 with fifty two hundred eighty crystals, and really it's the 59 00:04:02,800 --> 00:04:06,360 only iconic item that helps us ring in the new 60 00:04:06,439 --> 00:04:09,199 year globally with over a billion people watching it. 61 00:04:09,120 --> 00:04:11,439 Speaker 3: I know, it's pretty amazing. I've been here before, I 62 00:04:11,479 --> 00:04:14,800 saw the previous ball, and this one is so much larger. 63 00:04:15,439 --> 00:04:17,360 You were telling me there's a lot of new technology 64 00:04:17,399 --> 00:04:18,839 that just is going to make the show in the 65 00:04:18,839 --> 00:04:19,759 ball really special. 66 00:04:19,839 --> 00:04:22,279 Speaker 4: Yes, this is fully digitally integrated in a way that 67 00:04:22,360 --> 00:04:25,879 none of the others were. It was able to get 68 00:04:25,879 --> 00:04:28,279 as big and have as many crystals because we could 69 00:04:28,279 --> 00:04:30,879 take a full air conditioning system out of the ball 70 00:04:31,160 --> 00:04:33,519 with a new technology that allowed it to run in 71 00:04:33,560 --> 00:04:34,240 a cooler way. 72 00:04:34,519 --> 00:04:37,399 Speaker 3: And it's the whole setup, the building and everything. It's 73 00:04:37,439 --> 00:04:40,399 becoming more of a tourist attraction in a way where 74 00:04:40,439 --> 00:04:42,439 before it wasn't. People are going to be able to 75 00:04:42,439 --> 00:04:43,600 come here year round, is that right? 76 00:04:43,680 --> 00:04:43,839 Speaker 1: Yeah? 77 00:04:43,839 --> 00:04:46,399 Speaker 4: Absolutely, This will be the beginning of a vip ball 78 00:04:46,439 --> 00:04:49,399 experience that people can come and visit twelve months of 79 00:04:49,439 --> 00:04:52,120 the year, as well as a full history experience in 80 00:04:52,160 --> 00:04:54,160 twenty two floors of immersive entertainment. 81 00:04:54,399 --> 00:04:57,920 Speaker 3: That's really exciting to me. And when you say the 82 00:04:57,959 --> 00:05:02,319 whole history immersive experience, people obviously this ball is really cool, 83 00:05:02,319 --> 00:05:03,519 but people are going to be able to go see 84 00:05:03,759 --> 00:05:04,839 balls from the past. 85 00:05:04,639 --> 00:05:06,959 Speaker 4: Right, So we'll have four of the balls from one 86 00:05:07,000 --> 00:05:10,199 time scores history on display, as well as a full 87 00:05:11,160 --> 00:05:13,079 walk through of the history of New York and its 88 00:05:13,120 --> 00:05:14,560 contribution to the United States. 89 00:05:14,600 --> 00:05:16,519 Speaker 3: So we've been doing this, this ball dropped for over 90 00:05:16,519 --> 00:05:19,279 one hundred years. You said nineteen oh seven, what was 91 00:05:19,319 --> 00:05:20,399 the reason this all began? 92 00:05:20,720 --> 00:05:23,399 Speaker 4: Well in the city of New York and two in 93 00:05:23,839 --> 00:05:28,519 nineteen oh five outlawed fireworks and Adolf Aux, the owner 94 00:05:28,560 --> 00:05:31,879 of The New York Times, came up with this and 95 00:05:31,920 --> 00:05:35,800 pulled it out of the Granwich Maritime Archives from a 96 00:05:35,800 --> 00:05:42,319 three hundred and fifty year old time navigation instrument from 97 00:05:42,360 --> 00:05:43,560 the British Maritime Fleet. 98 00:05:43,800 --> 00:05:46,600 Speaker 3: That is so cool and obviously we've loved it because 99 00:05:46,600 --> 00:05:49,120 we've been doing it ever since. What are you expecting 100 00:05:49,160 --> 00:05:50,079 for tonight's show. 101 00:05:50,639 --> 00:05:53,319 Speaker 4: Amazing Weather? It's fantastic. We have over a million people 102 00:05:53,360 --> 00:05:56,279 in the square, we have a fantastic entertainment and host, 103 00:05:56,480 --> 00:05:59,160 and I think it'll be well loved. 104 00:05:59,720 --> 00:06:01,759 Speaker 3: Ringing six awesome thing. 105 00:06:03,160 --> 00:06:05,519 Speaker 2: Yeah, so who knew? I didn't know if they started 106 00:06:05,600 --> 00:06:07,560 nineteen you know seventh. I've been in New York for 107 00:06:07,639 --> 00:06:12,839 nineteen years, and I think this is the third iteration. 108 00:06:13,040 --> 00:06:15,040 They said this is the ninth. I think it's the 109 00:06:15,040 --> 00:06:18,399 third one I've seen. I know this one is new. 110 00:06:18,680 --> 00:06:21,639 It's bigger. I saw it sitting up on top of 111 00:06:22,040 --> 00:06:26,319 one Time Square. It's much bigger, noticeably bigger. But it's 112 00:06:26,360 --> 00:06:31,279 also instead of the triangular crystals, they're like a whole 113 00:06:31,279 --> 00:06:35,639 bunch of little bulbs. All over this thing, so and 114 00:06:35,720 --> 00:06:38,560 I had no idea there was an air conditioning unit 115 00:06:39,000 --> 00:06:39,680 in the middle of. 116 00:06:39,680 --> 00:06:40,279 Speaker 3: The old one. 117 00:06:41,160 --> 00:06:44,240 Speaker 2: But you know, what they're doing there is so so 118 00:06:44,519 --> 00:06:48,040 Times Square. Times Square is just full of tourists, full 119 00:06:48,079 --> 00:06:51,040 of people. But it's a lot of tourists. It's it's 120 00:06:51,079 --> 00:06:54,279 called the Crossroads of the World. I love people love 121 00:06:54,319 --> 00:06:56,680 to come there, and it's if they're coming to New York. 122 00:06:56,720 --> 00:06:57,920 I've never been to New York. You got to go 123 00:06:57,920 --> 00:07:00,839 to Times Square. But what they're going to do is 124 00:07:00,879 --> 00:07:03,439 they're going to turn it into a money raiser. They're 125 00:07:03,480 --> 00:07:09,160 going to obviously have some sort of Times Square New 126 00:07:09,240 --> 00:07:13,199 Year's Eve Ball museum. Did you hear him talk about you? 127 00:07:13,279 --> 00:07:15,759 And you get tickets? So they're going to be selling 128 00:07:15,920 --> 00:07:18,319 tickets and you can go into the building and go 129 00:07:18,399 --> 00:07:20,800 up to the top. And I don't know where they 130 00:07:20,839 --> 00:07:23,279 have the old balls stored, but they're in there somewhere. 131 00:07:24,040 --> 00:07:27,920 So anyway, that's the guy who owns the building, and 132 00:07:27,959 --> 00:07:31,439 he's trying to go chi ching and get some money 133 00:07:31,480 --> 00:07:37,560 by selling tickets. But Sherry White also showed up this 134 00:07:37,639 --> 00:07:41,560 morning on morning television. I didn't know who she was, 135 00:07:41,639 --> 00:07:46,639 and they asked her what was her relationship with the ball, 136 00:07:46,720 --> 00:07:49,639 and she said, I built it. This is the lady 137 00:07:49,639 --> 00:07:52,399 who built the Times Square ball. 138 00:07:52,720 --> 00:07:55,680 Speaker 3: You bought this thing. That is incredible. What a job. 139 00:07:56,319 --> 00:07:58,920 So this is the first year for this particular ball. 140 00:07:58,920 --> 00:08:00,480 What makes it big and special? 141 00:08:01,079 --> 00:08:03,360 Speaker 5: It's a little bit bigger than the prior ones. 142 00:08:03,560 --> 00:08:07,439 Speaker 6: It's got round crystals instead of triangles. 143 00:08:07,639 --> 00:08:08,600 Speaker 3: Giving one up right here. 144 00:08:08,720 --> 00:08:12,199 Speaker 6: Yes, there's two times as many, almost two times as 145 00:08:12,199 --> 00:08:14,439 many as the prior triangles. 146 00:08:14,720 --> 00:08:17,360 Speaker 3: Okay, So why round? Is this just like you were 147 00:08:17,480 --> 00:08:19,279 ready to mix it up? Or what are we doing? 148 00:08:19,279 --> 00:08:22,079 Speaker 6: We were looking for infinite We were looking for circle, 149 00:08:22,199 --> 00:08:25,639 something different than triangles, which we've had for at least 150 00:08:25,720 --> 00:08:27,519 I don't know, fifteen twenty thirty years. 151 00:08:27,759 --> 00:08:30,199 Speaker 3: Okay, So this is the ninth iteration of having a ball, 152 00:08:30,319 --> 00:08:33,440 is what I'm told. What makes this one different as 153 00:08:33,440 --> 00:08:35,440 far as the display is going to be for the 154 00:08:35,480 --> 00:08:37,519 million of people here, but the billion people watching around 155 00:08:37,519 --> 00:08:37,879 the world. 156 00:08:38,320 --> 00:08:42,000 Speaker 6: So this has lighting controls and so it does more things. 157 00:08:42,080 --> 00:08:45,960 The last ball had vintage two thousand and seven LED. 158 00:08:46,519 --> 00:08:49,559 So this is very modern and it's a lot easier 159 00:08:49,600 --> 00:08:52,519 to do patterns and other things with the ball. 160 00:08:52,600 --> 00:08:54,480 Speaker 3: Now, what's it like to build something that. You know 161 00:08:54,559 --> 00:08:56,799 a billion people are about to watch. Are you nervous? 162 00:08:56,879 --> 00:08:57,759 Is it going to go? 163 00:08:57,799 --> 00:08:59,799 Speaker 5: Well? No, it's thrilling, it's going to be. 164 00:09:00,720 --> 00:09:04,399 Speaker 3: It's gonna be amazing. I agree, And as we and 165 00:09:04,559 --> 00:09:06,240 our hit here, can we can we do this together? 166 00:09:06,600 --> 00:09:08,440 Can we pop this? What's your new year's resolution? 167 00:09:09,240 --> 00:09:12,720 Speaker 5: M be happy? Turn sixty? 168 00:09:14,120 --> 00:09:16,240 Speaker 3: Oh that's a good opset. Yeah, that's a good one. 169 00:09:16,320 --> 00:09:18,039 That's a that's a good one. Okay, let's do this. 170 00:09:18,159 --> 00:09:20,279 Speaker 2: Okay. So they go off there trying to pop some 171 00:09:20,279 --> 00:09:24,279 some little device. But I would love to know she's 172 00:09:24,279 --> 00:09:27,639 fifty nine. Obviously, she said she wants to turn sixty 173 00:09:27,679 --> 00:09:32,279 this year. I hope she does. But how I want 174 00:09:32,320 --> 00:09:35,799 she's got to work for like a sign company or something, 175 00:09:36,080 --> 00:09:39,759 because how does that lady get the job of building 176 00:09:39,799 --> 00:09:44,159 the Times Square ball and then changing it? Like I said, 177 00:09:43,919 --> 00:09:48,320 I think that the triangle crystals were obvious in prior years. 178 00:09:48,840 --> 00:09:51,080 When I first moved to New York, there was a different, 179 00:09:51,759 --> 00:09:54,919 different I don't think there were triangles anyway. So a new, 180 00:09:54,960 --> 00:09:59,399 brand new ball tonight. And here's the other thing about it. 181 00:10:00,120 --> 00:10:05,399 They are going to drop the ball at twelve, and 182 00:10:05,440 --> 00:10:10,240 then I think they maybe wait a minute or two, 183 00:10:10,399 --> 00:10:14,200 they're going to raise the ball back up again, and 184 00:10:14,240 --> 00:10:17,120 then they're going to change the lights since they've got 185 00:10:17,159 --> 00:10:21,279 this digital lighting system on the ball, into red, white 186 00:10:21,279 --> 00:10:26,679 and blue, and they're going to drop it again with 187 00:10:26,759 --> 00:10:29,159 all kinds of confetti coming out. They always do confetti. 188 00:10:29,200 --> 00:10:32,759 Confetti is on the streets of Times Square for weeks afterwards. 189 00:10:32,799 --> 00:10:35,480 They try to clean it up, but there's millions of 190 00:10:35,480 --> 00:10:39,759 pieces of confetti. But it's to kick off the two 191 00:10:39,879 --> 00:10:44,200 hundred and fiftieth year of our nation, and they're going 192 00:10:44,279 --> 00:10:48,240 to have the ball drop again on July, the night 193 00:10:48,240 --> 00:10:51,679 of July third, apparently. Well, here's the lady that's in 194 00:10:51,799 --> 00:10:56,159 charge of something called America to fifty and she's been 195 00:10:56,200 --> 00:11:00,000 working on this for many years. Her name is Rosie. 196 00:11:00,840 --> 00:11:03,879 Speaker 3: Dressed in red, white and blue. My face is red 197 00:11:03,919 --> 00:11:05,440 from the wind, and I've got the white and blue 198 00:11:05,480 --> 00:11:08,679 here on my glasses. America two fifty. This is going 199 00:11:08,759 --> 00:11:10,879 to be so exciting, and we're kicking it off tonight 200 00:11:10,879 --> 00:11:13,120 because we get the normal ball drop and then we 201 00:11:13,159 --> 00:11:15,200 get this secondary ball drop. Can you tell me about 202 00:11:15,200 --> 00:11:15,519 that first? 203 00:11:15,519 --> 00:11:17,679 Speaker 7: That's right, So tonight we have the second celebration at 204 00:11:17,679 --> 00:11:20,279 twelve oh four to ring in twenty twenty six, to 205 00:11:20,279 --> 00:11:22,480 celebrate the two and fiftieth anniversary of the signing the 206 00:11:22,480 --> 00:11:24,120 dec Question of Independence. 207 00:11:24,039 --> 00:11:26,440 Speaker 3: And the ball's gonna drop and more confetti's going to drop, 208 00:11:26,480 --> 00:11:27,360 and the party's going to contain. 209 00:11:27,480 --> 00:11:27,639 Speaker 7: Yeah. 210 00:11:27,679 --> 00:11:29,519 Speaker 5: So at twelve oh four, the ball's gonna come up. 211 00:11:29,559 --> 00:11:32,200 Speaker 7: You are going to see the biggest confetti drop ever, 212 00:11:32,360 --> 00:11:35,399 tons of confetti, red, white, and blue, as we prepare 213 00:11:35,480 --> 00:11:39,559 for another ball drop on July third, to ring in 214 00:11:39,759 --> 00:11:41,519 July fourth here in Times Square again. 215 00:11:41,600 --> 00:11:43,279 Speaker 3: So that's so cool, and it's hard for me to imagine. 216 00:11:43,320 --> 00:11:44,879 So there's gonna be a million people out here today, 217 00:11:44,919 --> 00:11:47,000 and do you think July fourth, we're gonna have another 218 00:11:47,080 --> 00:11:48,639 million people and we're gonna drop another ball? 219 00:11:48,639 --> 00:11:49,360 Speaker 5: Clearly, clearly. 220 00:11:49,440 --> 00:11:51,080 Speaker 7: Look, it's a million people here in New York, member, 221 00:11:51,159 --> 00:11:52,879 billions of people watching all over the world. 222 00:11:52,919 --> 00:11:54,279 Speaker 5: This is a global platform. 223 00:11:54,279 --> 00:11:57,679 Speaker 7: What better way to celebrate this than the iconic global countdown? 224 00:11:57,799 --> 00:11:59,720 Speaker 3: Okay, So what else does America to fifty have in 225 00:11:59,720 --> 00:12:00,840 store for us in the year ahead? 226 00:12:00,879 --> 00:12:03,080 Speaker 7: Oh, my goodness, so many things. So tonight, look, tonight 227 00:12:03,159 --> 00:12:05,720 is the moment to start the movement. We have America 228 00:12:05,759 --> 00:12:07,720 gives It's launching at twelve oh one. This is a 229 00:12:07,799 --> 00:12:10,679 national service initiative where we are making twenty twenty six 230 00:12:10,759 --> 00:12:14,480 the largest year of volunteer hours ever recorded in our 231 00:12:14,480 --> 00:12:15,559 country's history. 232 00:12:15,440 --> 00:12:17,519 Speaker 3: And maybe in the world. So is America going to 233 00:12:17,559 --> 00:12:19,480 go out and volunteer more in the next year than 234 00:12:19,519 --> 00:12:21,799 any country has ever done in the history of the world. 235 00:12:21,879 --> 00:12:23,000 Speaker 5: Well, we hope that is the case. 236 00:12:23,039 --> 00:12:25,080 Speaker 7: And again, it starts now, and we hope this movement 237 00:12:25,080 --> 00:12:26,879 continues long after twenty twenty six. 238 00:12:27,759 --> 00:12:30,399 Speaker 3: There's so many different events going on. See Shining Say 239 00:12:30,399 --> 00:12:32,519 you told me you're going to be in Pasadena for 240 00:12:32,559 --> 00:12:35,600 the Indiana Who's your Alabama game tomorrow? This is going 241 00:12:35,639 --> 00:12:37,559 to be This is a year long thing that we're 242 00:12:37,559 --> 00:12:38,080 talking about. 243 00:12:38,159 --> 00:12:40,960 Speaker 7: Absolutely, and look, with a moment like this and the 244 00:12:41,000 --> 00:12:42,559 movement like this, we hope it's going to be long 245 00:12:42,600 --> 00:12:43,600 after twenty twenty six. 246 00:12:43,720 --> 00:12:44,919 Speaker 5: Again, it's a global platform. 247 00:12:44,960 --> 00:12:47,159 Speaker 7: You see the World Cup coming here obviously in the 248 00:12:47,240 --> 00:12:49,600 US and North America, and then we have the Olympics 249 00:12:49,600 --> 00:12:52,000 in twenty eight. So to have this continue long after 250 00:12:52,039 --> 00:12:54,440 twenty twenty six, that's what the movement is all about. 251 00:12:54,480 --> 00:12:56,600 Speaker 5: And it starts tonight, and it starts tonight. 252 00:12:56,679 --> 00:12:58,960 Speaker 3: I'm super excited about tonight I think the secondary ball 253 00:12:59,039 --> 00:13:01,120 drop is going to be something really special. And it's 254 00:13:01,120 --> 00:13:03,440 hard for me to really imagine this Fourth of July 255 00:13:03,559 --> 00:13:05,639 ball drop, but I think that's going to be great 256 00:13:05,639 --> 00:13:08,399 as well. When you look at the next year, what 257 00:13:08,480 --> 00:13:10,399 are your resolutions? What are you looking for? 258 00:13:10,559 --> 00:13:13,039 Speaker 7: Oh my goodness, well, I've been on this commission now 259 00:13:13,120 --> 00:13:17,480 for eight years. I would say I want as many 260 00:13:17,480 --> 00:13:19,399 Americans as possible to feel like this is the land 261 00:13:19,399 --> 00:13:20,840 of opportunity all over again. 262 00:13:21,200 --> 00:13:23,879 Speaker 3: Amen to that. Amen to that. I told you she 263 00:13:23,960 --> 00:13:25,679 was going to jack you guys up. I'm feeling excited 264 00:13:25,720 --> 00:13:27,759 about the United States of America. We've got a lot 265 00:13:27,799 --> 00:13:29,960 to be grateful for. So thank you for talking to me. 266 00:13:30,039 --> 00:13:31,919 I'll go back to y'all. That's amazing. 267 00:13:32,200 --> 00:13:36,320 Speaker 2: She's been on the commission for eight years, and that's 268 00:13:36,399 --> 00:13:38,240 how much planning is going in. This is going to 269 00:13:38,320 --> 00:13:41,039 be huge this year, the two hundred and fiftieth anniversary. 270 00:13:41,120 --> 00:13:44,080 There's going to be all kinds of wonderful celebrations of 271 00:13:44,120 --> 00:13:47,320 our nation's birth all throughout the year, and especially of 272 00:13:47,360 --> 00:13:50,039 course when we get down to the fourth of July. 273 00:13:50,679 --> 00:13:55,480 But I man, that takes a lot of people and 274 00:13:55,519 --> 00:13:57,840 a lot of money and a lot of planning. I 275 00:13:57,879 --> 00:14:00,159 don't know what else they have up their sleep, So 276 00:14:00,200 --> 00:14:01,720 don't be I'm shut A lot of people are going 277 00:14:01,799 --> 00:14:03,519 to be confused. They're going to be cheering that the 278 00:14:03,559 --> 00:14:05,559 ball dropped, and then all of a sudden it's going 279 00:14:05,600 --> 00:14:08,080 to go back up again and change colors and then 280 00:14:08,320 --> 00:14:12,679 start kicking out all kinds of confetti. But you know 281 00:14:13,039 --> 00:14:16,519 what it's all about, So don't turn the TV off 282 00:14:16,559 --> 00:14:19,120 at twelve oh one, wait until twelve oh two. 283 00:14:19,759 --> 00:14:19,840 Speaker 1: Uh. 284 00:14:19,960 --> 00:14:24,240 Speaker 2: As far as Times Square and security, Jessica Tish, who's 285 00:14:24,320 --> 00:14:29,799 the commission NYPD Commissioner, she came out with the usual 286 00:14:31,120 --> 00:14:32,399 about security. 287 00:14:32,720 --> 00:14:35,879 Speaker 8: There are no known, specific, credible threats to the New 288 00:14:35,960 --> 00:14:40,080 Year's Eve celebration in Times Square. As always, the men 289 00:14:40,120 --> 00:14:43,000 and women at the NYPD will be out there keeping 290 00:14:43,080 --> 00:14:47,080 everyone safe. The public should expect to see thousands of 291 00:14:47,240 --> 00:14:51,919 NYPD officers deployed throughout Times Square and the surrounding area. 292 00:14:52,360 --> 00:14:57,639 Speaker 2: Yeah, apparently something like three thousand uniform police in Times Square. 293 00:14:57,639 --> 00:15:00,639 But one of the things that everybody knows is that 294 00:15:00,720 --> 00:15:03,519 when you see a police officer in Times Square, there's 295 00:15:03,600 --> 00:15:07,639 at least one other one to one match on undercover officers. 296 00:15:07,639 --> 00:15:11,759 There's tons of undercover police in Times Square, but they're 297 00:15:11,759 --> 00:15:14,159 also going to be doing something with the undercover guys. 298 00:15:14,200 --> 00:15:14,720 This time. 299 00:15:15,639 --> 00:15:19,159 Speaker 8: We will have mobile screening teams walking around the pens 300 00:15:19,200 --> 00:15:22,039 and if we see anything that looks suspicious, we will 301 00:15:22,039 --> 00:15:24,759 have teams in place to do appropriate screening. 302 00:15:25,279 --> 00:15:28,039 Speaker 2: Appropriate screening. I wonder what that's going to be about. 303 00:15:29,480 --> 00:15:32,240 Speaker 5: The Times Square New Year's Eve celebration. 304 00:15:31,960 --> 00:15:36,320 Speaker 8: Is bigger than last year's and our You're going to 305 00:15:36,360 --> 00:15:40,440 see more officers in two main places. First is at 306 00:15:40,440 --> 00:15:44,759 the access points to the event on six and eighth Avenue, 307 00:15:44,799 --> 00:15:48,600 so we can expedite entry or exit. Second is we 308 00:15:48,639 --> 00:15:51,799 are going to be doing secondary screening this year of 309 00:15:51,960 --> 00:15:56,279 people inside pens. If we see anything that looks suspicious, 310 00:15:56,279 --> 00:15:59,240 we will have teams in place to do appropriate screening. 311 00:15:59,279 --> 00:16:00,919 Speaker 5: That's a new addition this year as well. 312 00:16:01,480 --> 00:16:04,399 Speaker 2: Yeah, she went on about the dogs and the snipers 313 00:16:04,440 --> 00:16:08,039 and the helicopters in the boat patrols and it's quite 314 00:16:08,120 --> 00:16:11,799 a deal. But they know probably better than anybody how 315 00:16:11,840 --> 00:16:16,000 to do crowd control. NYPD is absolutely fantastic. Darren Porcher 316 00:16:16,320 --> 00:16:21,240 is a recently retired lieutenant from the NYPD. 317 00:16:21,519 --> 00:16:23,960 Speaker 9: One thing this happened is in many years I've actually 318 00:16:24,039 --> 00:16:26,519 sat on this committee as it relates to the planning 319 00:16:26,600 --> 00:16:30,159 for New Year's Eve, the Times Square celebration, there's a 320 00:16:30,200 --> 00:16:33,360 lot that goes into this. On January first is when 321 00:16:33,360 --> 00:16:36,600 the planning starts for twenty twenty seven, so there's a 322 00:16:36,720 --> 00:16:38,039 year long process that. 323 00:16:38,039 --> 00:16:38,679 Speaker 3: Goes into that. 324 00:16:38,960 --> 00:16:42,120 Speaker 9: But the teachable moments from what happened in Australia on 325 00:16:42,240 --> 00:16:45,279 Bondi Beach would be extracted in terms of how we 326 00:16:45,320 --> 00:16:48,879 can create a more robust component of security to ensure 327 00:16:48,919 --> 00:16:52,279 the fortification of the individuals of the revelers a sound. 328 00:16:52,399 --> 00:16:54,879 We have over a million people that are in this 329 00:16:55,039 --> 00:16:58,440 small congested area, so the NYPD has to have a 330 00:16:58,600 --> 00:17:04,200 tight but focused securecurity mechanism. It's an arduous task, but 331 00:17:04,240 --> 00:17:05,880 the NYPED is fit for the challenges. 332 00:17:06,119 --> 00:17:07,799 Speaker 3: We've been doing this for years on end. 333 00:17:08,279 --> 00:17:10,960 Speaker 9: Those people that't those pedestrian pens, they can't go to 334 00:17:11,039 --> 00:17:11,640 the bathroom. 335 00:17:11,799 --> 00:17:13,200 Speaker 3: Once you get in, you're locked in. 336 00:17:13,319 --> 00:17:14,799 Speaker 9: If you got to go to the bathroom, you can 337 00:17:14,920 --> 00:17:17,400 leave and you can't come back in. But what's interesting 338 00:17:17,440 --> 00:17:21,279 about this year's dynamic of security is there are two factions. 339 00:17:21,519 --> 00:17:25,000 You have the traditional magnetometers, people that are being screened 340 00:17:25,119 --> 00:17:28,480 when they come into the pedestrian pens. However, we also 341 00:17:28,599 --> 00:17:32,200 have an added edition, which would be officers not just 342 00:17:32,240 --> 00:17:34,839 in uniform, but in plain clothes as well, that are 343 00:17:34,920 --> 00:17:39,759 conducting security assessments inside internally within that crowd to ensure 344 00:17:39,759 --> 00:17:40,880 that things run safe. 345 00:17:41,000 --> 00:17:43,400 Speaker 2: Well, that's up, so that really do a good job. 346 00:17:43,400 --> 00:17:48,200 But you know, one smart bad guy can make a 347 00:17:48,200 --> 00:17:50,519 lot of damage. But we'll hope and pray that everything 348 00:17:50,559 --> 00:17:53,559 goes wonderful. Everybody has a wonderful time. Sure an end 349 00:17:53,559 --> 00:17:57,039 of the new year tonight, you want to talk about 350 00:17:57,079 --> 00:18:01,559 the economy, Oh you do? Oh good, because that's got 351 00:18:02,279 --> 00:18:06,119 I mean, economists are usually pretty boring, but I kind 352 00:18:06,119 --> 00:18:10,119 of cut the comments of a number of economists down 353 00:18:10,160 --> 00:18:13,079 to kind of give you a feel about what they're 354 00:18:13,119 --> 00:18:18,039 thinking about the economy heading into twenty twenty six. And 355 00:18:18,400 --> 00:18:20,839 what I got out of all of their comments was 356 00:18:20,960 --> 00:18:27,319 everybody is going AI is just on first base. We're 357 00:18:27,519 --> 00:18:31,400 just getting started. But it made a lot of headway 358 00:18:31,400 --> 00:18:34,839 in twenty twenty five and stand by for even more. 359 00:18:35,240 --> 00:18:38,839 The problem with AI for a lot of economists they 360 00:18:38,880 --> 00:18:42,119 try and plug it in to some sort of economic model, 361 00:18:42,240 --> 00:18:46,400 and it can't be because we don't know enough about it. 362 00:18:46,759 --> 00:18:49,319 And how it's going to be used. But we'll start 363 00:18:49,359 --> 00:18:53,160 off with the John Rider Jonathan Rder. I've known John longtime. 364 00:18:53,720 --> 00:18:56,440 He's a PhD in economics, and this is his view 365 00:18:56,480 --> 00:18:59,559 on heading out of twenty five and into twenty six. 366 00:19:00,000 --> 00:19:02,839 Speaker 10: Only have to look at the price of gold, which 367 00:19:02,839 --> 00:19:06,000 is up two thirds from when the Fed started to 368 00:19:06,079 --> 00:19:10,000 cutting interest rates in September of twenty twenty four, and 369 00:19:10,119 --> 00:19:13,400 to my mind, restrictive monety policy would not be accompanied. 370 00:19:13,920 --> 00:19:16,720 We could be looking at six percent nominal GDP growth. 371 00:19:16,960 --> 00:19:19,519 The question is how does that split between real growth 372 00:19:19,519 --> 00:19:23,079 and inflation. And I'm hopeful that productivity growth will be 373 00:19:23,119 --> 00:19:26,799 sufficiently strong that we're going to see three percent real growth, 374 00:19:27,000 --> 00:19:30,680 but a company and that also three percent inflation, because 375 00:19:30,720 --> 00:19:34,480 then will have completed six years without inflation, being close 376 00:19:34,519 --> 00:19:36,640 to the FEDS two percent inflation targets. 377 00:19:37,039 --> 00:19:39,720 Speaker 2: So his point is interesting because he says we're going 378 00:19:39,759 --> 00:19:43,599 to have three percent inflation, which we do have three 379 00:19:43,640 --> 00:19:48,680 percent inflation right now, and essentially he's saying that's going 380 00:19:48,720 --> 00:19:53,960 to continue. The key for making people happy if you're 381 00:19:54,000 --> 00:19:58,200 a politician, is that their wages and income go up 382 00:19:58,240 --> 00:20:01,759 faster than inflation. So if you are going to have 383 00:20:01,799 --> 00:20:05,400 a pay raise of five percent and inflation goes up 384 00:20:05,960 --> 00:20:09,680 three percent, You're you're ahead of the ballgame. And on 385 00:20:09,720 --> 00:20:12,000 top of that, he says the gross domestic product, the 386 00:20:12,000 --> 00:20:14,440 broadest measure of the economy, that that will grow. He's 387 00:20:14,519 --> 00:20:18,759 estimating around three percent and that's a good, healthy pace. 388 00:20:19,519 --> 00:20:24,160 Alan Blinder probably one of the most the influential economist. 389 00:20:24,720 --> 00:20:28,839 He's a professor of economics over at Princeton, and this 390 00:20:28,920 --> 00:20:31,079 is his view of what's going to happen. 391 00:20:31,279 --> 00:20:33,640 Speaker 1: Well, you know, I think it's very early to game out. 392 00:20:33,759 --> 00:20:36,000 I think the likelihood is that we're going to have 393 00:20:36,039 --> 00:20:41,559 some modest further cutting, but that likelihood is enshrouded in 394 00:20:41,799 --> 00:20:44,319 fog now where it's just coming out of the data 395 00:20:44,359 --> 00:20:49,240 fog that the government shutdown put us in. As you noted, Deal, 396 00:20:49,519 --> 00:20:52,680 I'm sure a lot of the numbers that just came 397 00:20:52,720 --> 00:20:56,400 out recently, for example, on the CPI, had much more 398 00:20:56,440 --> 00:20:59,720 than the usual amount of guesswork in them, and we 399 00:20:59,799 --> 00:21:04,519 all took notice when Chairman Powell suggested that the job's 400 00:21:04,599 --> 00:21:09,680 numbers would be revised down very significantly. So this we're 401 00:21:09,720 --> 00:21:13,440 still coming through a data fog. We should be mostly 402 00:21:13,480 --> 00:21:16,240 out of it by the next FED meeting, and I 403 00:21:16,279 --> 00:21:20,480 think it'll be an easier decision. I think it depends, 404 00:21:20,480 --> 00:21:22,039 of course, what the new data show. 405 00:21:22,599 --> 00:21:25,559 Speaker 2: So he's worried about the fact that the data is 406 00:21:25,680 --> 00:21:29,559 foggy and fuzzy and hard to predict with what they 407 00:21:29,559 --> 00:21:32,960 have so far. But what about the Federal Reserve Board, 408 00:21:33,119 --> 00:21:35,799 and with the new chairman coming in sometime next year. 409 00:21:36,640 --> 00:21:41,759 Speaker 1: I think the so to speak, the earlier the announcement, 410 00:21:41,839 --> 00:21:44,640 they're worse because as soon as you announce the new 411 00:21:44,720 --> 00:21:47,400 FED chair the FED is now a hydra headed monster 412 00:21:47,559 --> 00:21:51,480 with two heads. And depending on how the new designated 413 00:21:51,559 --> 00:21:56,000 had behaves himself. They've all been hymns that have been 414 00:21:57,079 --> 00:22:02,039 mentioned seriously that could reach havoc in terms of what 415 00:22:02,160 --> 00:22:06,720 the markets believe the FED is going to do. Powell 416 00:22:06,759 --> 00:22:10,039 is still chairman. There's no indication he's going to resign early. 417 00:22:10,160 --> 00:22:13,720 That would be a chacrou. He's still chairman until May. 418 00:22:14,319 --> 00:22:16,559 And we should have one chairman at a time, just 419 00:22:16,559 --> 00:22:18,839 as we have one president at a time. 420 00:22:19,559 --> 00:22:22,920 Speaker 2: So Alan Blinder used to be the vice chairman of 421 00:22:22,960 --> 00:22:26,799 the Federal Reserve and has been for a long time. 422 00:22:27,039 --> 00:22:29,799 Like I said, one of the most influential economists teaches 423 00:22:30,640 --> 00:22:35,680 at Princeton in economics. But what about the change, because 424 00:22:35,720 --> 00:22:39,279 the last time the Fed met there was the vision. 425 00:22:39,680 --> 00:22:42,480 Usually everybody's on the same page, but there were some 426 00:22:42,559 --> 00:22:45,000 that wanted to leave interest rates alone, some wanted to 427 00:22:45,039 --> 00:22:48,039 raise interest rates, some wanted to lower interest rates. The 428 00:22:48,119 --> 00:22:51,039 lowering interest rates won, but it was a close call. 429 00:22:51,119 --> 00:22:54,720 So what does he think about the new FED chairman 430 00:22:54,759 --> 00:22:58,480 that's going to be involved, along with maybe some changes 431 00:22:58,519 --> 00:23:01,039 in the members, and ten they get along. 432 00:23:01,920 --> 00:23:06,319 Speaker 1: I has expected. I'm worried. I don't know. You're right. 433 00:23:06,359 --> 00:23:08,359 I mean, there is a proper way to behave that 434 00:23:08,440 --> 00:23:11,720 it's not that hard for the new chairman designate to 435 00:23:11,799 --> 00:23:15,200 figure out what the proper way to behave. But I'm 436 00:23:15,240 --> 00:23:18,039 looking at the history of Trump appointments all over the 437 00:23:18,079 --> 00:23:22,200 place and it doesn't give me a great confidence. Rightly. 438 00:23:22,839 --> 00:23:27,480 Speaker 2: So, twenty twenty five is the third year of double 439 00:23:27,519 --> 00:23:31,519 digit gains on Wall Street overall, and we got the 440 00:23:31,559 --> 00:23:35,240 twenty five numbers cent. They might be off by a 441 00:23:35,319 --> 00:23:39,079 fraction of a percent because the market's not closed yet today. 442 00:23:39,720 --> 00:23:44,440 But the Dow for the year up thirteen percent, the 443 00:23:44,480 --> 00:23:48,960 standard of poorest five hundred up seventeen percent, the Nasdaq 444 00:23:49,279 --> 00:23:54,000 up twenty one percent. If you're a gold investor, Gold 445 00:23:54,119 --> 00:23:59,599 up sixty seven percent in twenty twenty five, and the 446 00:23:59,640 --> 00:24:02,440 only the major item I saw that had a minusund 447 00:24:02,440 --> 00:24:06,240 in front of it was Bitcoin down five percent for 448 00:24:06,319 --> 00:24:14,200 the year. So some of the top stocks Western Digital, Micron, Seagate. 449 00:24:15,640 --> 00:24:18,400 So Wall Street had another good year, third in a row, 450 00:24:18,440 --> 00:24:22,960 and they're still predicting that twenty twenty six will be 451 00:24:23,079 --> 00:24:26,359 another good year. But at some point you get a cycle, 452 00:24:26,440 --> 00:24:30,680 and at some point after wins, you get pullbacks. But 453 00:24:30,839 --> 00:24:33,359 everybody seems to be all positive. And one of the 454 00:24:33,400 --> 00:24:36,799 reasons they're positive is because of a Wall Street's a 455 00:24:36,839 --> 00:24:40,000 funny place. I mean, the New York stocktors Change is 456 00:24:40,039 --> 00:24:44,880 a funny place, and they've got traditions. It's changed a 457 00:24:44,880 --> 00:24:47,599 lot over the years. A lot of the computers have 458 00:24:47,680 --> 00:24:50,599 replaced the people there. If you go into the New 459 00:24:50,680 --> 00:24:53,799 York stocktor Change, what you see with the cameras is 460 00:24:53,839 --> 00:24:57,079 what There are still some traders there at various posts, 461 00:24:57,119 --> 00:24:59,759 but there's other areas of the New York Stocker Change 462 00:24:59,839 --> 00:25:03,319 that if you get to go in there, it's covered 463 00:25:03,359 --> 00:25:07,440 in tarp. There's no lights on, so that it's a 464 00:25:07,519 --> 00:25:10,640 fraction of the size it used to be. But one 465 00:25:10,680 --> 00:25:16,440 of the traditions that they have is they sing a 466 00:25:16,480 --> 00:25:21,799 goofy song, something about Nella Nelly and the Sunshine, and 467 00:25:22,480 --> 00:25:25,759 everybody on the floor gathers around. They stop what they're doing, 468 00:25:26,400 --> 00:25:29,559 trading literally stops on the New York Stock Well. I 469 00:25:29,640 --> 00:25:34,319 guess the computers are still going. But Bob Pisani, who 470 00:25:34,400 --> 00:25:38,400 has just retired this year from CNBC, he's been there 471 00:25:38,400 --> 00:25:41,799 for a long time and he led the group today 472 00:25:42,200 --> 00:25:46,359 on their traditional end of the year singing now and 473 00:25:46,519 --> 00:25:50,799 need to warn you, brace yourself. They may be good 474 00:25:50,880 --> 00:25:52,759 at Wall Street, but they're not good singers. 475 00:25:52,880 --> 00:25:56,279 Speaker 11: Through up years and down years, it's been a staple, 476 00:25:56,440 --> 00:25:59,079 the singing of the nineteen oh five song wait Till 477 00:25:59,119 --> 00:26:03,039 the Sunshines on the floor of the New York Stock Exchange. 478 00:26:03,279 --> 00:26:06,000 It became a prominent tradition during the Depression because of 479 00:26:06,039 --> 00:26:09,680 the song's message of hope and happiness during what we're 480 00:26:09,759 --> 00:26:12,599 really troubled times. Bob Besani's on the floor with the 481 00:26:12,640 --> 00:26:14,279 traders for this year's rendition. 482 00:26:14,480 --> 00:26:17,240 Speaker 5: Bob, it's all yours, contessa. 483 00:26:17,359 --> 00:26:20,839 Speaker 12: You know, this tradition goes back literally to the eighteen sixties. 484 00:26:20,880 --> 00:26:24,160 The singing of Christmas carols and sentimental ballads on the 485 00:26:24,200 --> 00:26:27,359 floor of the New York Stock Exchange. For decades, our 486 00:26:27,480 --> 00:26:29,960 Cashion led the annual singing of. 487 00:26:29,880 --> 00:26:31,880 Speaker 5: That particular carol that you mentioned. 488 00:26:32,319 --> 00:26:36,119 Speaker 13: Unfortunately are passed away last year, but the tradition lives 489 00:26:36,119 --> 00:26:39,200 on here with the annual rendition of Wait Till the 490 00:26:39,240 --> 00:26:43,440 Sun shines Nelly is Peter Cash and yeah. 491 00:26:42,640 --> 00:26:45,759 Speaker 3: One true trade, Wait. 492 00:26:47,279 --> 00:27:06,119 Speaker 14: Sunshine, Valley fell Vale, Oh Love Way Well, Walter Sweeting, 493 00:27:06,319 --> 00:27:12,480 howt to way the sunshine? 494 00:27:12,599 --> 00:27:27,359 Speaker 3: That well? 495 00:27:27,480 --> 00:27:31,440 Speaker 2: I mean no, they can't sing. I don't know. It's 496 00:27:31,519 --> 00:27:33,839 like he said, it goes back to the eighteen hundreds, 497 00:27:33,920 --> 00:27:41,519 so wait for the sunshine Nelly Wow. Well, Contesser Burger 498 00:27:41,680 --> 00:27:43,759 introduced him and said it went back to nineteen oh five, 499 00:27:43,799 --> 00:27:45,880 and he said it goes back to eighteen sixty. So 500 00:27:46,319 --> 00:27:50,200 there's nobody around to tell us which one is the truth. 501 00:27:51,240 --> 00:27:53,799 Wall Street today, maybe he did not like that singing 502 00:27:54,039 --> 00:27:57,200 because the market was down, But then in the latter 503 00:27:57,279 --> 00:28:00,640 part of the session today it really dropped off. It 504 00:28:00,720 --> 00:28:03,599 might have been right after the singing, the dow down 505 00:28:04,599 --> 00:28:08,680 three hundred and three to close at forty eight thousand 506 00:28:08,720 --> 00:28:13,799 and sixty three, the SMP down fifty, the Nazdack down 507 00:28:14,200 --> 00:28:18,759 one hundred seventy seven. The price of gold also down 508 00:28:19,039 --> 00:28:22,200 sixty four dollars to four thousand and three twenty two, 509 00:28:22,839 --> 00:28:26,799 and oil was down fifty cents, down to fifty seven 510 00:28:26,880 --> 00:28:28,680 dollars and some change. 511 00:28:29,160 --> 00:28:31,160 Speaker 3: So that's it for today. 512 00:28:31,359 --> 00:28:35,000 Speaker 2: That's it for the year. Thank you for coming by. 513 00:28:35,240 --> 00:28:39,839 We wish you a very happy and prosperous new year.