'LOSER STATE': O'Leary says he will never invest in NY after Trump fraud ruling

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>> NO VICTIMS THAT'S WHAT RAISES A LOT OF EYEBROWS, WE HAVE KEVIN O'LEARY BACK WITH US AND LEERY VENTURES SHARK TAKE INVESTORS YOU MENTIONED A PROFOUND, THE SUM OF THESE OTHER BUSINESSES STILL HAVE A RIGHT TO BE CONCERNED WHETHER THEY LIKE DONALD TRUMP OR NOT MAYBE YOU CAN ELABORATE ON THAT. >> THIS AWARD LEAVING THE WHOLE TRUMP THING OUT OF IT AND SEEING WHAT OCCURRED I'M NO DIFFERENT THAN ANY OTHER INVESTOR. I'M SHOCKED I CANNOT UNDERSTAND OR FATHOM THE DECISION AT ALL. THERE IS NO RATIONALE FOR IT, LET ME GIVE YOU REAL-TIME EXPERIENCE I AM HAVING REGARDING THIS, I'M NOT THE ONLY ONE. IT DOES NOT MATTER WHAT THE GOVERNOR SAYS. NEW YORK WAS ALREADY A LOSER STATE, LIKE CALIFORNIA IS A LOSER STATE THERE ARE MANY LOSER HI POLICY UNCOMPETITIVE REGULATION IT WAS ALREADY ON THE TOP OF THE LIST TO BE THE LOSER STATE. I WOULD NEVER INVEST IN NEW YORK NOW NOT THE ONLY PERSON SAYING THAT, HERE'S A REAL TIME IN DEVELOPMENT REAL ESTATE, THE HOTTEST ASSET CLASS IS VERY HIGH AND DATA CENTERS THEY COST ANYWHERE FROM TWO HALF . HALF-BILLION EACH AND THEY'RE VERY EXPENSIVE AND REQUIRE LOW-POWER YOU NEED PERMITS AND MOST OF THE MAJOR INSTITUTIONS OF THE WORLD NEED MORE DATA CENTERS AND THAT'S WHY DEVELOPERS LIKE ME ARE DOING THIS. YOU NEED POWER SO NEW YORK HAS NIAGARA FALLS, NORMALLY YOU WOULD CONSIDER THAT TO PUT IN ONE OF THE FACILITIES AND CREATE 400 JOBS, FIVE MORE JOBS FOR EACH OF ONE OF THOSE FOR EXHILARATE SERVICES. I CANNOT GO TO NEW YORK SO I'M GOING TO OKLAHOMA, NORTH DAKOTA, WEST VIRGINIA, KEVIN STICK, MY STAFF HAS MET WITH HIM, GOVERNOR BURGUM, GOVERNMENT JUSTICE, THOSE ARE WINNER STATES THEY DON'T DO THINGS LIKE THIS. I'VE TO SYNDICATE THE DEBT AND EQUITY WERE TALKING TO BILLIONS OF DOLLARS DUE THE GETTY FOR AN INSTITUTION OR PRIVATE EQUITY FIRM OR PENSION FUND WOULD TOUCH NEW YORK. THAT IS WHY NEW YORKERS SHOULD BE CONCERNED, THE FINE PEOPLE OF NEW YORK SHOULD ASK THEMSELVES WHY ARE WE A LOSER STATE, HOW ARE WE GOING TO ATTRACT BUSINESS IS NOT JUST THE EXISTING BUSINESSES TO TEXAS AND FLORIDA, WHAT ABOUT NEW MONEY THAT I'M TALKING ABOUT LIKE A 4 BILLION-DOLLAR DATA CENTER, NOT A CHANCE I WOULD PUT THAT IN NEW YORK, 0 PROBABILITY, THEY HAVE A LOT OF WORK TO DO TO FIND THEMSELVES GETTING OUT OF THE SITUATION AND THIS HAS OCCURRED POST PANDEMIC WINNER VERSUS LOSER STATES, LOOK AT TENNESSEE THE FASTEST GROWING CITY IN NASHVILLE, GOOD POLICY, COMPETITIVE TAXES YOU GOTTA START THINKING ABOUT THIS IN THE CONTEXT OF WINNERS AND LOSERS, NEW YORK MEGA LOSER STATE. NEIL: WHAT DID YOU THINK OF GOVERNOR HOCHUL SAYING THIS IS A UNIQUE ONE AND DONE BECAUSE DONALD TRUMP WENT TOO FAR, SO NEFARIOUS, IF YOU'RE DOING WHAT YOU'RE SAYING YOU'RE GOING TO DO YOU HAVE NOTHING TO WORRY ABOUT BUT THEY'RE VERY WORRIED ABOUT IT. >> WERE VERY WORRIED, WHERE IS THE VICTIM, WHO LOST MONEY, THIS IS AN ARBITRARY DECISION THE JUDGE MADE, THIS POLICY, WHAT DOES THIS SAY ABOUT THE BAR, THE LEGAL BAR IN NEW YORK, ARE THEY GOING TO QUESTION THIS JUDGE, WHAT IS THIS $355 MILLION AS A PENALTY AND PLUS INTEREST AT 9% IN NO VICTIM, HER WORDS FALL ON DEATH EARS TO EVERYBODY, THERE'S NOTHING SHE CAN SAY TO JUSTIFY THIS DECISION. IT HAS NOTHING TO DO WITH TRUMP, FORGET ABOUT TRUMP THIS IS NOT A TRUMP SITUATION, THIS IS A NEW YORK PROBL
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Channel: Fox Business
Views: 63,585
Rating: undefined out of 5
Keywords: Cavuto Coast to Coast, Donald Trump, FOX Business, FOX Business Network, Kathy Hochul, New York, New York business owners, New York investors, Trump, Trump NY civil fraud case, Trump fraud case, business owners, investors, news, politics, trump fraud, trump organization, Trump fraud ruling, Donald Trump NY, new york, new yorkers, new york business, Kevin O'leary, Kevin O'Leary investment
Id: dx7-ujdjYzQ
Channel Id: undefined
Length: 4min 3sec (243 seconds)
Published: Mon Feb 19 2024
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