COMING UP NEXT ON ARIZONA HORIZON: THE IMPACT OF TARIFFS AND STOCK MARKET VOLATILITY ON 401K'S... ALSO TONIGHT: WHERE AND HOW TO GET REAL-I.D'S, WHICH WILL BE REQUIRED FOR ALL U.S. AIR-TRAVEL THOSE STORIES AND MORE NEXT ON ARIZONA HORIZON.

UNDERSTAND.

>> GOOD EVENING, AND WELCOME TO ARIZONA HORIZON.

I'M TED SIMONS.

GOVERNOR HOBBS HAS VETOED A BILL THAT WOULD HAVE PREVENTED ARIZONANS FROM USING FOOD STAMPS TO BUY SODA SODA.

THE BILL WAS APPROVED BY ROBERT F KENNEDY JUNIOR BUT THE GOVERNOR SAID THE BAN WOULD UNNECESSARILY DEPRIVE FOOD STAMPING RECIPIENTS OF THEIR PURCHASING POWER.

THE VETO COMES LONG NOT AFTER THE -- NOT LONG AFTER THE GOVERNOR SIGNED A BILL FROM THE SODAS BEING SOLD IN PUBLIC SCHOOLS.

AND A FEDERAL JUDGE SAYS THERE'S PROBLEM PROBABLE CAUSE FOR HOLDING THE TRUMP ADMINISTRATION IN CRIMINAL CONTEMPT.

THE CASE INVOLVES THE ADMINISTRATION'S USE OF THE ALIEN ENEMY'S ACT TO DEPORT ALLEGED VENEZUELAN GANG MEMBERS.

TODAY'S THREAT OF CONTEMPT PROCEEDINGS FOLLOWS ANOTHER FEDERAL JUDGE WHO YESTERDAY ANNOUNCED AN INQUIRY WHETHER THE WHITE HOUSE VIOLATED A RULING ON THE SUPREME COURT ON A CASE INVOLVING A MARYLAND MAN WRONGLY DEPORTED TO EL SALVADOR.

>>> POWELL TODAY SAID THE USE OF THE PRESIDENT'S TARIFFS AND OTHER POLICIES RUN LIKE ANYTHING SEEN IN MODERN HISTORY AND AS SUCH THEY'RE IN UNCHARTERED WATERS.

>> THE TARIFF INCREASE IS SIGNIFICANTLY LARGER THAN ANTICIPATED AND THE SAME IS LIKELY TO BE TRUE OF THE ECONOMIC EFFECTS WHICH WILL INCLUDE HIGHER INFLATION AND SLOWER GROWTH.

>> UNEMPLOYMENT IS LIKELY TO GO UP AS THE ECONOMY SLOWS IN ALL LIKELIHOOD AND INFLATION IS LIKELY TO GO UP AS TARIFFS FIND THEIR WAY, AND SOME PART OF THOSE TARIFFS COME TO THE -- COME TO BE PAID BY THE PUBLIC.

>> POWELL ADDED THAT HIGHER INFLATION AND SLOWER GROWTH COULD RESULT IN LASTING ECONOMIC DAMAGE.

THE FED CHAIR'S COMMENTS ALONG WITH NEW ADMINISTRATION RESTRICTIONS ON EXPORTS TO CHINA LED TO A DOWN DAY ON WALL STREET.

THE NASDAQ WAS DOWN 516 POINTS OR 3.1%, AND THE S&P WAS OFF 2 AND A QUARTER PERCENT.

BACK TO JEROME POWELL, THE TRUMP ADMINISTRATION IS PLANNING TO REPLACE HIM WHEN THE FED CHAIR'S TERM IS UP NEXT YEAR.

TRUMP WHO INITIALLY APPOINTED POWELL HAS ACCUSED POWELL OF, QUOTE, PLAYING MISTAKES AND NOT CUTTING INTEREST RATES.

>>> RETAIL SALES SERGED LAST MONTH AS SHOPPERS RUSHED TO BEAT THE TARIFF HIKES.

REPORTS OF RETAIL SALES ROSE 1.4% IN MARCH FOR THE HIGHEST INCREASE SINCE JANUARY OF 2023.

THE ECONOMISTS THINK IT COULD HAPPEN AGAIN THIS MONTH BUT ADD THAT THOSE SALES ARE UNLIKELY TO LAST.

>>> ONE MORE HEADLINE, A NEW STUDY SHOWS THAT GETTING A SHINGLES VACCINATION COULD HELP REDUCE THE RISK OF DEMENTIA.

RESEARCHERS LOOKED AT 280,000 ADULTS AGE 71 TO 88 AND FOLLOWED THEM FOR SEVEN YEARS.

THEY FOUND THAT THOSE WHO RECEIVED A SHINGLES VACCINE WERE 20% LESS LIKELY TO BE DIAGNOSED WITH DEMENTIA.

RESEARCHERS CONSIDER THE RESULTS THE STRONGEST EVIDENCE TO DATE THAT SOME VIRAL INFECTIONS CAN IMPACT BRAIN FUNCTIONS YEARS LATER AND PREVENTING THOSE INFECTIONS CAN HELP PREVENT COGNITIVE DECLINE.

>>> THE TRUMP ADMINISTRATION'S SPENDING CUTS ARE CUTTING PROGRAMS LIKE MEDICAID AT RISK.

A NEW STUDY SHOWS THE CUTS TO ARIZONA MEDICAID PROGRAM COULD HAVE SIGNIFICANT HEALTH AND ECONOMIC CONSEQUENCES.

JOINING US NOW IS DANNY SEIDEN, PRESIDENT AND CEO OF THE ARIZONA CHAMBER OF COMMERCE AND INDUSTRY.

GOOD TO SEE YOU AGAIN.

>> THANKS FOR HAVING ME.

>> I WANT TO START WITH THE BASICS HERE.

WHAT IS MEDICAID?

>> OH, MY GOSH.

GREAT QUESTION.

AND THOSE WHO USE IT KNOW WHAT IT IS VERY WELL.

MEDICAID IS THE FEDERAL PROGRAM THAT ASSIST, YOU KNOW, PEOPLE OF A CERTAIN INCOME LEVEL WITH THEIR HEALTHCARE COSTS AT MOST BASIC LEVEL, AND AT OUR STATE LEVEL, WHAT HAVE YOU IS AN EXCHANGE.

WE HEAR IT CALLED ACCESS, THAT'S OUR STATE-RUN MEDICAID PROGRAM, SO WE GET FEDERAL DOLLARS THAT HELP US TO COVER CERTAIN VULNERABLE POPULATIONS.

>> HOW MANY ARE COVERED HERE IN ARIZONA?

>> ABOUT 2 MILLION.

NEARLY A A THIRD OF OUR POPULATION.

>> YEAH, THAT SOUNDS LIKE QUITE A BIT.

>> YEAH, WE HAVE A HIGH POPULATION.

>> AND I WOULD IMAGINE RURAL AREAS EVEN MORE SO.

>> IN RURAL AREAS MEDICAID MAKES BUT 40% OF THE TOTAL FUNDING THAT GOES TO SOME OF THOSE HOSPITALS.

SO IT'S VERY CRUCIAL TO RURAL POPULATIONS AS WELL.

>> THIS NEW REPORT ON POSSIBLE MEDICAID CUTS LIKELY MEDICAID CUTS.

WHAT DID YOU THINK WHEN YOU HEARD ABOUT THIS?

>> SO WE AT THE -- WE WORKED WITH OUR FOUNDATION AND GROUNDS CONSULTING GROUP.

I WANTED TO KNOW WHAT THE ECONOMIC IMPACT WOULD BE OF THESE MEDICAID CUTS.

WE CAN TALK ABOUT IT A LOT IN TERMS OF PATIENTS BUT WE WANT TO TALK ABOUT IT IN TERMS OF ECONOMICS.

WHAT WOULD IT DO TO OUR STATE'S ECONOMY.

WHAT WE FOUND WAS SURPRISING TO SEE THAT WITH EVERY $1 BILLION THAT GETS CUT FROM MEDICAID, THAT LEADS TO 36,000 JOBS THAT ARE GONE, NEARLY $3 BILLION GONE FROM OUR STATE'S ECONOMY.

IT'S HUGE.

>> HOW DID YOU FIGURE THAT?

WHAT WAS LOOKED AT?

>> IT LOOKED AT WHAT IS THE SECTOR OF OUR POPULATION COVERED BY MEDICAID.

IF THEY ARE NO LONGER COVERED, WHO'S MAKING UP THAT COST AS SOON AS WHERE DOES THAT COST SHIFT TO?

AND IF IT'S NOT SEND SENDING US OUR FEDERAL DOLLARS ANYMORE, WE HAVE WHAT'S CALLED A TRIGGER LAW.

IN ARIZONA IF WE FALL UNDER 80% OF THE FEDERAL POVERTY LINE OF MEDICAID MATCH, I SHOULD SAY, THE STATE HAS TO NOW COVER THE DIFFERENCE.

WE LOSE A HUGE POPULATION AND BECAUSE WE PASS INITIATIVE WITH OUR WONDERFUL CITIZEN INITIATIVE PROCESS, WE ARE RESPONSIBLE NOW WITH STATE DOLLARS TO COVER MORE PEOPLE, AND WHERE IS THAT MONEY GOING TO COME FROM?

WHERE DO THE COSTS GET PASSED DOWN TO.

>> I WAS GOING TO ASK, WHERE DOES THAT MONEY COME FROM AND HOW DOES IT AFFECT THE OVERALL ECONOMY?

>> IT GETS PASSED FROM MANY -- IF A HOSPITAL IS HAVING TO TAKE CARE OF THESE PEOPLE, THE COST WILL GET PASSED DOWN TO THE REST OF US.

IT DRIVES UP EMPLOYER COSTS.

IT DRIVES UP COSTS AND ALSO HURTS AVAILABILITY.

THE ACCESS TO MEDICAL CARE, ESPECIALLY IN RURAL ARIZONA, SO THERE'S A LOT OF CONCERNS THAT GO WITH IT.

JIM ROUND SAID THAT LOOKING AT CUTTING THESE DOLLARS AND THESE POPULATIONS L WOULD BE ONE OF THE MOST DEVASTATING ECONOMIC ANALYSIS HE'S SEEN SINCE THE GREAT RECESSION.

>> I WAS GONNA SAY SEVERE AND FAR-REACHING CONSEQUENCES FOR THE ARIZONA ECONOMY.

HE DIDN'T MINCE WORDS.

>> HE DID NOT AND I THINK WE WERE ALL SHOCKED TO SEE HOW SEVERE IT WAS.

WE KNEW IT WOULDN'T BE GREAT FOR US, BUT AGAIN WE'RE WORKING HARD, WE'RE WORKING HARD TO GET THIS MESSAGE OUT.

THE STUDY GIVES US THE INFORMATION WE NEED.

CONGRESSMAN FROM DOWN IN SOUTHERN ARIZONA SIGNED A LETTER WITH A MULTITUDE OF OTHER REPUBLICANS THAT WENT TO THE SPEAKER SAYING WE WILL WORK TO REFORM MEDICAID.

THERE'S ALWAYS REFORMS, THERE'S FRAUD, TRANSPARENCY, THINGS WE CAN DO BUT DO NOT HAPHAZARDLY CUT MEDICAID, IT'S POPULATION VULNERABLE, MANY HAVE WORKED AND BEEN TRUMP VOTERS AND WE WANT TO MAKE SURE THE RUG ISN'T BEING PULLED OUT FROM UNDER THEM.

>> SOME PEOPLE ARE TALKING ABOUT WORK REQUIREMENTS AND THESE SORTS OF THINGS.

WHAT DO YOU THINK?

>> I BELIEVE THE STATES ARE OPEN TO ANY REASONABLE REFORM THAT COULD WORK.

A WORK REQUIREMENT IF DESIGNED CORRECTLY IS NOT A BAD THING.

THESE ARE MEANT TO BE HAND-UPS, NOT HAND-OUTS.

YOU WANT PEOPLE TO GET A JOB AND GET PRIVATE INSURANCE BUT IF YOU CUT SO MUCH MEDICAID, IF YOU CUT -- THE PRIVATE INSURANCE BECOMES SO MUCH MORE EXPENSIVE, THAT'S NOT FEASIBLE NOW, NUMBERS THAT JUST DON'T ADD UP.

>> THE REPORT YOU'RE REFERRING TO TALKED ABOUT A SCENARIO, THERE WAS ALSO A WORST-CASE SCENARIO NOW INVOLVED AND THE WORST-CASE SCENARIO WAS WE COULD BE HEADED BACK TO GREAT RECESSION TERRITORY.

>> THAT'S TRUE.

HE TOOK THE NUMBERS, AND AGAIN, LET'S GIVE A SPECIAL ARIZONA HISTORY, RIGHT.

IN 2013, GOVERNOR JAN BREWER DID WHAT WAS CALLED THE MEDICAID RESTORATION.

SHE RESTORED FUNDING AND COVERAGE FOR PEOPLE NOW WITH 136 ABOVE THE POVERTY LINE AND THOSE ARE MOSTLY CHILDLESS ADULTS.

SO THAT POPULATION, IF THAT ITSELF GETS CUT, IT'S DEVASTATING.

IF WE LOSE THE FEDERAL DOLLARS THAT COVERS THAT 36%, WE ARE IN TROUBLE RIGHT THERE.

FORGET EVEN JUST GOING ALL THE WAY DOWN TO 80% AND WHAT THAT WOULD MEAN FOR THE HUNDREDS OF THOUSANDS OF PEOPLE AND THE 70,000 -- WHAT DID WITH SAY, 70,000 KIDS, AS WELL.

SO AGAIN IT'S A VULNERABLE POPULATION WE'RE TALKING ABOUT.

>> YOU TALK ABOUT GETTING THE MESSAGE OUT THERE, AND CONGRESSIONAL DELEGATION AS A WHOLE, ARE THEY GETTING THE MESSAGE THROUGHOUT AND, B, IS THE ADMINISTRATION LISTENING?

>> YOU KNOW, I'VE SEEN ENCOURAGING STATEMENTS FROM PRESIDENT TRUMP WHEN IT COMES TO MEDICAID CUTS.

WHEN HE TALKS ABOUT MEDICAID, MEDICARE, WHEN HE TALKS ABOUT ALL OF THESE ENTITLEMENTS THAT DEAL WITH THE MOST VULNERABLE POPULATION, IT'S A POPULATION HE RAN ON PROTECTING, YOU KNOW, A LOT OF WORKING-CLASS PEOPLE DOING THEIR BEST.

THEY ARE A LOT OF TRUMP VOTERS.

I DON'T BELIEVE HE WANTS TO HURT THEM.

I THINK HE IS PAYING ATTENTION.

WE'VE HEARD ADVISORS LIKE STEVE BANNON SAYING IF YOU GUYS CUT MEDICAID, YOU'RE DONE, A BLOODBATH FOR REPUBLICANS IN TWO YEARS.

SO I THINK THE MESSAGE IS GETTING OUT THERE BUT I GIVE JUAN SISCAMANI, OUR APPROPRIATOR, OUT THERE FIGHTING FOR THIS POPULATION.

>> OKAY.

LAST QUESTION, CAN'T LET YOU GO WITHOUT TALKING ABOUT TARIFFS.

I MEAN, AS ALWAYS, TARIFFS MORNING, NOON AND NIGHTS HERE.

>> MY THOUGHTS ON TARIFFS.

>> REAL QUICKLY, IN A MINUTE, WHAT IS GOING ON, AND WHEN IS IT GOING TO IF NOT STOP, THEN AT LEAST MAKE SENSE TO MOST AMERICANS?

>> THAT'S A REALLY GOOD QUESTION.

I HAVE NO ANSWER FOR WHEN IT WILL STOP.

AND I CERTAINLY CAN'T MAKE SENSE OF IT.

THE ONLY THING I CAN SAY IS IT'S NOW BEING SOLD AS THIS IS THE WAY PRESIDENT TRUMP WORKS.

IT'S THE ART OF THE DEAL.

HE LIKES TO KEEP EVERYONE GUESSING BUT THERE ARE REAL CONSEQUENCES RIGHT NOW EVERY DAY ONE OF THESE GETS ANNOUNCED OR CHANGED, IT ALTERS BUSINESS MODELS.

IN THE BILLIONS.

SO WE HAVE COMPANIES TRYING TO MAKE THEIR ORDERS, FIGURING OUT WHERE THEY CAN GET THEIR GOODS FROM BECAUSE IF YOU LEARN ONE THING ABOUT TARIFFS, I ALWAYS SAY LEARN THIS YOU AND I WILL PAY FOR IT.

SO SERVING GOING TO GET MORE EXPENSIVE, HOUSING, EVERYTHING YOU'LL TALK ABOUT LATER, REAL ESTATE, ALL CONNECTED TO THESE TARIFFS, AND AGAIN, IT'S A POLICY THAT HISTORICALLY HAS BEEN PROVEN TO NOT WORK AND TO NOT BENEFIT AMERICA.

AND THE LAST TIME HE RESCINDED OR PULLED BACK WAS WHEN OUR BOMB MARKET WAS ON THE BRINK OF COLLAPSE BECAUSE OF THE WORLD'S RESERVED CURRENCY.

UNLESS WE START GETTING OUT OF THE TRADE DEFICIT.

>> THE BOND MARKET IS WHAT PEOPLE ARE REALLY CONCERNED ABOUT BECAUSE WHEN THE STOCK MARKET GOES ONE WAY THE BOND MARK -- THAT'S NOT HAPPENING RIGHT NOW.

>> AND THAT IS BECAUSE THE DOLLARS IN THE WORLD RESERVE CURRENCY, BECAUSE OF THE TRADE DEFICIT, IT'S A GOOD THING, IT MAKES OUR DOLLAR STRONG... >> ALL RIGHT, DANNY.

A LOT GOING ON HERE.

>> YEAH.

I KNOW.

EVERY DAY IS DIFFERENT.

AND TODAY WE LEARNED ABOUT TOMATOES.

BUY YOUR TOMATOES, FOLKS, BEFORE THEY ARE -- >> SOUNDS LIKE THE TOMATOES ARE ON THE CHOPPING BLOCK.

DANNY, GOOD TO SEE YOU AGAIN.

>> THANKS SO MUCH.

I APPRECIATE IT.

>> TED: WP CAREY SCHOOL OF BUSINESS IS LAUNCHING A NEW UNDERGRADUATE DEGREE FOR REAL ESTATE, RESIDENTIAL AND COMMERCIAL REAL ESTATE, THEY ACCOUNT FOR 17% OF ARIZONA'S GPD AND AS SUCH ARE IMPORTANT DRIVERS OF THE STATE'S ECONOMY.

TO LEARN MORE WE WELCOME MARK STAFF, THE DIRECTOR FOR REAL ESTATE THERAPY AND PRACTICE AT THE WP CAREY SCHOOL OF BUSINESS HERE AT ASU.

GOOD TO SEE YOU.

>> GOOD TO SEE YOU.

>> WE DO SO MUCH AROUND HERE.

THIS IS THE GOOD NEWS.

SO BASICALLY A NEW UNDERGO THE UNDERGRADUATE REAL ESTATE DEGREE.

WAS THERE NOT ONE BEFORE?

>> SO A LITTLE BIT OF HISTORY HERE.

WE DID HAVE AN UNDERGRADUATE MAJOR IN REAL ESTATE UP UNTIL ABOUT 2011, AND I HAVE TO ADMIT THAT I WAS THE PERSON WHO REALLY GOT RID OF IT.

AND THE REASON IS THAT THE NUMBER OF PEOPLE THAT WERE ENROLLED IN THE MAJOR -- THERE JUST DIDN'T SEEM TO BE INTEREST, BUT, REMEMBER, THIS WAS COMING OUT OF THE GREAT RECESSION.

SO I RECOMMENDED AND THEN CREATED THE UNDERGRADUATE MINOR FOR REAL ESTATE, AND TODAY THAT HAS GROWN TO THE POINT WHERE THERE'S OVER 700 STUDENTS TAKING THOSE REAL ESTATE COURSES THIS SEMESTER.

AND IT'S GROWN EVERY SEMESTER.

AND THERE'S MORE THAN 500 THAT ARE DECLARED MINORS.

>> WOW.

>> AND THAT WAS -- SO THAT WAS KIND OF PROOF POSITIVE THAT THERE'S SIGNIFICANT DEMAND FOR THIS, WHICH WAS ONE OF THE IMPOTENCES FOR CREATING A MAJOR.

THE OTHER IS YOU CAN'T REALLY BE A RANKED REAL ESTATE PROGRAM IF YOU DON'T HAVE A MAJOR.

AND WE ARE -- BECAUSE OF THE QUALITY OF THE EDUCATION AND THE BUSINESS SCHOOL AND BECAUSE, YOU KNOW, WE'RE THE LARGEST BUSINESS SCHOOL IN THE U.S., AND WE HAVE MORE PROGRAMS RANKED IN THE TOP 30 THAN ANY OTHER SCHOOL IN THE U.S., BUSINESS SCHOOL IN THE U.S.

THIS WAS IMPORTANT TO US.

>> OKAY.

IT SOUNDS AS THOUGH -- IT SAYS HANDS-ON, REAL WORLD LEARNING.

WHAT WILL STUDENTS EXPERIENCE THAT THEY COULDN'T GET BEFORE.

>> SO THIS IS TODAY TO A GIFT THAT WAS PROVIDED BY THE WP CARRIE FOUNDATION, RIGHT, WHICH IS A FOUNDATION RELATED TO WP CARRIE, INC., THE NAMES SAKE OF THE SCHOOL.

THEY HAD GIVEN $75 MILLION TO THE BUSINESS SCHOOL PREVIOUSLY IN TWO DIFFERENT GIFTS.

AND THIS LAST GIFT OF $25 MILLION BROUGHT IT TO $100 MILLION, WHICH IS INCREDIBLY GENEROUS.

AND IT WAS TO FACILITATE A NUMBER OF THINGS.

THE MAJOR THAT YOU MENTIONED, WHICH IS THE BACHELOR OF SCIENCE IN REAL ESTATE AND APPLIED FINANCE.

ALSO, YOU MENTIONED MY PREVIOUS TITLE, THE CENTER'S BEEN RENAMED AS THE WP CARRIE CENTER FOR REAL ESTATE AND FINANCE.

>> OKAY.

>> PART OF THIS INCLUDES AN EXPLORATIONAL LEARNING LABORATORY.

WHAT WE WANT TO DO IS NOT JUST TEACH THE SUBJECT.

RIGHT.

WE'RE NOT GOING TO BE MADE GREAT BY WHAT WE TEACH.

WE WILL BE MADE GREAT BY HOW WE TEACH.

AND IT'S LOOKING AT WAYS TO CREATE EXPERIENCES THAT REINFORCE LEARNING OBJECTIVES.

THAT'S -- AND SO THERE'S GONNA BE A NUMBER OF DIFFERENT THINGS.

WE THIS RECORD THIS EXPLORETIAL LEARNING AT THE MASTER'S LEVEL.

WHAT WE TEND TO DO IS TAKE IT DOWN TO THE UNDERGRADUATE LEVEL.

>> THIS IS ALL VERY ACADEMIC FOCUSED AND SOUNDS LIKE IT'S GREAT FOR STUDENTS AND GOOD FOR THE BUSINESS SCHOOL AT ASU.

WHAT DOES IT MEAN TO THE GREATER COMMUNITY?

>> SO REAL ESTATE IS AN INTERESTING ASSET, IT'S THE ONLY ASSET THAT IS BOTH A FINANCIAL VESSEL, MORE WEALTH IS GENERATED, MORE INTERGENERATIONAL WEALTH IS PASSED ON THROUGH REAL ESTATE, BUT AT THE SAME TIME, IT'S THE PHYSICAL SPACE THAT SOCIETY FUNCTIONS IN.

SO REAL ESTATE EXIST IN THIS NEXUS BETWEEN BUSINESS AND SOCIETY.

OUR OBJECTIVE IS TO TEACH STUDENTS TO BE THE BEST POSSIBLE COMMUNITY MEMBERS AND AT THE SAME TIME TO BE SUCCESSFUL IN BUSINESS, AND CREATING THAT WEALTH.

>> AND IN A WORLD IN WHICH, THE REAL ESTATE INDUSTRY WAS KIND OF ROYALED HERE REGARDING NEW AGENTS.

HOW DOES THAT ALL PLAY IN TO ALL THIS?

>> YOU KNOW, I DON'T WORRY TOO MUCH ABOUT ALL THAT.

EVERYBODY THINKS ABOUT REAL ESTATE USUALLY AS WHEN YOU MENTION IT AS HOUSES AND SELLING HOUSES.

THAT IS ALTHOUGH A SIGNIFICANT PART OF THE BUSINESS, IT'S NOT THE PRIMARY DRIVER.

IN OUR FOCUS IN THE BUSINESS SCHOOL, ISN'T ON RESIDENTIAL SALES.

REBEL REAL ESTATE IS AN IMPORTANT PART OF OUR ECONOMY AND AN IMPORTANT PART OF THE BUSINESS.

BUT WE'RE REALLY FOCUSED ON THE BIGGER DEFINITION OF REAL ESTATE AND IN PARTICULAR REAL ESTATE, COMMERCIAL REAL ESTATE AND THE FINANCE OF COMMERCIAL REAL ESTATE BECAUSE IT'S CAPITOL- CAPITAL-INTENSIVE.

FIRST KLATT IS SEATED THIS AUGUST.

>> YOU ALL SET FOR THIS, HUH?

>> OH, YEAH, WE ARE.

>> NEXT TIME YOU COME ON, I GOTTA GIVE YOU A NEW TITLE?

>> WE WILL HAVE A NEW DIRECTOR.

>> OH, INTERESTING.

ALL RIGHT.

>> ONE OF THE THINGS WE'RE DOING.

>> CONGRATULATIONS ON THIS.

BEST OF LUCK.

WE'LL FOLLOW ALONG, AND OF COURSE WE LIKE REAL ESTATE STORIES HERE.

SO I'M SURE WE'LL HAVE YOU BACK.

GOOD TO HAVE YOU.

>> GOOD TO BE HERE, TED.

THANK YOU.

>>> THE PHOENIX SYMPHONY IS COLLABORATING WITH THE PHOENIX HOLOCAUST ASSOCIATION TO MARK THE 80th ANNIVERSARY OF THE END OF WORLD WAR II AND THE LIBERATION OF CONCENTRATION CAMPS.

HOLOCAUST SURVIVORS WILL BE HONORED IN THIS HOLOCAUST REMEMBRANCE DAY EVENT.

JOINING US NOW IS CEO OF PHOENIX SYMPHONY AND SARA, THE PAST PRESIDENT OF THE PHOENIX HOLOCAUST ASSOCIATION.

GOOD TO HAVE YOU BOTH HERE.

THANKS FOR JOINING US.

>> THANK YOU.

>> PETER, WE'RE GOING TO START WITH YOU.

LET'S TALK MORE ABOUT THIS EVENT.

HOW DID THIS ALL COME ABOUT?

>> THIS EVENT REALLY CAME ABOUT A DREAM THAT CHERYL HAD, ON THE HOLOCAUST REMEMBRANCE DAY, SOMETHING HAPPENED EVERY YEAR, AND CHERYL SHARED WITH A MUTUAL FRIEND THAT SHE WAS HOPING WE COULD COLLABORATE WITH THE PHOENIX SYMPHONY AND HAVE THIS EVENT AT SYMPHONY HALL.

>> AND CHERYL, IT'S HAPPENING.

WHERE DID THIS DREAM COME FROM?

HOW DID THIS IDEA GET STARTED?

>> WELL, IT HAS BEEN 80 YEARS, AND WE ARE LOSING OUR HOLOCAUST SURVIVORS MORE FREQUENTLY NOW.

THEY'RE ALL IN THEIR 90s.

AND I FELT IT WAS VERY IMPORTANT TO HAVE THE GENERAL COMMUNITY HAVE THE OPPORTUNITY TO SEE HOLOCAUST SURVIVORS AND PARTICIPATE IN THIS ANNUAL COMMEMORATION.

LAST YEAR WE HAD A WONDERFUL CROWD BUT OUTGREW THE SPACE.

AND I ALWAYS HAD HOPED SYMPHONY HALL JUST HAS AN ALLURE AND THOUGHT IT WOULD BE WONDERFUL.

>> AND WE'RE GOING TO SEE SOME HOLOCAUST SURVIVORS ON STAGE, CORRECT?

>> WE SHOULD HAVE AROUND 20 OF THEM.

>> OKAY.

AND A CANDLELIGHTING CEREMONY AND AN INVOCATION BY A LOCAL RABBI, TRUE?

>> THAT'S TRUE.

>> MUSIC, PRAYERS, THE WHOLE NINE YARDS, HUH?

>> WE'RE GOING TO HAVE THE GOVERNOR COMING.

THE MAYOR OF PHOENIX COMING.

OUR SECRETARY OF STATE.

>> AND, PETER, YOU'RE GOING TO HAVE SOME MUSIC, TOO.

TALK ABOUT THE MUSIC.

>> YES, WE ARE.

EARLIER THAT DAY WE'LL BE PERFORMING A CONCERT, BEETOVEN'S 9TH SYMPHONY AND PHONIC METAMORPHOSISIS, DURING THE COMMEMORATION ITSELF, WHICH WILL BE AT 5:00 THAT SUNDAY, WE'LL BE PLAYING A WORK BY KLEIN.

AND THIS PIECE HAS DEEP MEANING AND RESONANCE.

>> DO WE HAVE A CHANCE TO HEAR SOME OF THE MUSICIANS PLAY JUST A LITTLE SNIPPET OF THIS PARTICULAR PIECE, AGAIN BY GIDEON KLEIN AND THIS COMPOSE -- WE'LL TALK ABOUT WHY IT'S SO SPECIAL AFTER WE HEAR A LITTLE BIT OF THIS.

[ ♪ MUSIC ♪ ] >> PETER, THAT IS SPECIAL BECAUSE... >> THIS IS COMPOSED BY GIDEON CLIENT WHEN HE WAS AT TARATINE10 DAYS BEFORE HIS TRANSPORT TO ASH VICTIMS.

THIS IS ONE OF THE LAST WORKS THAT GIDEON KLEIN COMPOSED BEFORE HE PERISHED PERISHED.

>> WERE YOU AWARE OF THIS PARTICULAR PIECE?

>> I WASN'T AWARE OF THIS PIECE BUT I WAS AWARE OF GIDEON KLEIN AND IN TARATINE THERE WERE MANY COMPOSERS AND PLAY WRITES AND AUTHORS AND THERE WAS A GREAT DEAL OF MUSIC THAT WAS COMPOSED THERE, AND THE COMPOSERS ARE LOST.

>> BUT WE HAVE THIS, FOR THE DAY, FOR THE ENTIRE EVENT AND EVERY YEAR FOR HOLOCAUST REMEMBRANCE, AND ESPECIALLY THIS YEAR, WHAT DO YOU WANT PEOPLE TO TAKE FROM THIS?

>> I WANT PEOPLE TO HEAR FROM OUR SURVIVORS THERE WILL BE A SURVIVOR WHO WILL BE OUR KEYNOTE SPEAKER, AND I WANT PEOPLE TO SAY, WHY DIDN'T MORE PEOPLE STAND UP AND BE UPSTANDERS?

HOW DID PEOPLE ALLOW THIS TO HAPPEN?

AND WE CAN'T CHANGE THE PAST, BUT WE CAN CHANGE THE FUTURE.

AND AS YOU KNOW, THERE ARE MORE GENOCIDES HAPPENING.

SO I WANT PEOPLE TO SEE THIS AND UNDERSTAND THAT THEY COULD DO SOMETHING BY BEING AN UPSTANDER.

>> AND, AGAIN, THAT IS SOMETHING THAT THE PHOENIX SYMPHONY HAS TO WORK WITH, HAS TO UNDERSTAND AND BE PRESENT.

HOW LONG DID IT TAKE TO FIGURE OUT HOW TO PRESENT THIS PROGRAM?

>> THIS COLLABORATION IS SO IMPORTANT, AND WHAT WE WANTED TO DO IS TO HELP BRING BACK TO LIFE MUSIC WRITTEN BY SOMEONE WHO HAD DIED DURING THE HOLOCAUST.

AND THERE'S SO MANY ARTIST AND SO MANY MILLIONS OF OTHERS WHO PERISHED AT THE HANDS OF THE NAZI REGIME, AND TO BE ABLE TO BRING THIS MUSIC BACK AND SHARE IT WITH THE WORLD AGAIN IS A WAY TO HELP MONDAY THEIR MEMORY.

>> THIS IS APRIL 27th, SYMPHONY HALL.

BUT I'M A LITTLE CONFUSED ABOUT THE SCHEDULE HERE.

CLEAR THAT UP FOR ME.

>> SO ON THAT DAY, ON SUNDAY APRIL 27th AT 5:00, WE'LL BE THE HOLOCAUST REMEMBRANCE DAY COMMEMORATION.

AND PEOPLE CAN VISIT THE PHOENIX HOLOCAUST ASSOCIATION WEBSITE OR THE SYMPHONY'S WEBSITE, AND ALL THAT WEEKEND ON FRIDAY, SATURDAY AND, AGAIN ON SUNDAY, THE SYMPHONY WILL BE PLAYING THE CONCERT I MENTIONED EARLIER, BEETOVEN'S NINTH SYMPHONY, AND TICKETS REMAIN AVAILABLE FOR THAT, AND MANY PEOPLE WILL CHOOSE TO ATTEND THE SUNDAY AFTERNOON CONCERT AND STAY FOR THE COMMEMORATION.

>> INDEED, AND AGAIN, HOLOCAUST REMEMBRANCE DAY, FOR YOU PERSONALLY... >> MY PARENTS WERE HOLOCAUST SURVIVORS, BOTH OF THEM ARE GONE.

I USED TO GO WITH MY PARENTS, AND SO I -- IT HAS A GREAT DEAL OF MEANING TO ME AND TO OTHERS WHOSE FAMILY WERE AFFECTED BY THE HOLOCAUST.

>> AND I'M SURE THE MUSIC WILL JUST EMPHASIZE THAT, JUST ADDS TO IT, DOESN'T IT?

>> AND WHEN THE TRIO ARE PLAYING, THAT IS WHEN THE SURVIVORS WILL MARCH ON STAGE WITH THEIR CANDLES.

SO IT'S VERY MEANINGFUL.

>> WELL, THANK YOU BOTH FOR BEING HERE AND SHARING THIS, AND WE REALLY APPRECIATE YOU BEING HERE, AND GOOD LUCK.

IT'S HARD TO SAY GOOD LUCK ON SOMETHING LIKE THIS.

BUT GOOD LUCK ON THE PERFORMANCE AND THE ENTIRE DAY.

>> THANK YOU SO MUCH.

>> THANK YOU, TED.

>>> THAT'S IT FOR NOW.

I'M TED SIMONS.

THANK YOU SO MUCH FOR JOINING US.

YOU HAVE A GREAT EVENING.