Latest / The Mark Simone Show / Ken interviews John Boyd Jr. from The Boyd Company.

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Ken interviews John Boyd Jr. from The Boyd Company. · The Mark Simone Show

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  Speaker 1: Now more of the Marximone Show on seven ten woor
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  Speaker 1: filling in for Mark here again is Ken Rosato. Had
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  Speaker 1: a very good morning to you. It is great to
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  Speaker 1: have you on. My gosh, it is so good to
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  Speaker 1: be here in for the great Marximone who has the
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  Speaker 1: day off, nice long weekend and well deserved. We want
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  Speaker 1: you to give us a call at eight hundred three
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  Speaker 1: to two one zero seven ten, eight hundred three to
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  Speaker 1: two one zero seven ten, and we we're just getting
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  Speaker 1: some really good calls today. Anyway, you are listening to
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  Speaker 1: the Marximo Show on a Friday, and it is just
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  Speaker 1: a wonderful and interesting day. People going crazy with what's
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  Speaker 1: going on in Iran. We're going to talk more about
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  Speaker 1: that in just a little bit. In the meantime, Democrats
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  Speaker 1: have run New Jersey top to bottom for nine years,
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  Speaker 1: and during that time, spending has grown out of control,
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  Speaker 1: taxes have gone sky high, the business climate has become oppressive.
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  Speaker 1: Don't take my word for it. You could ask the
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  Speaker 1: heads of more than a dozen major corporations that called
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  Speaker 1: New Jersey home for decades, but they've now fled for
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  Speaker 1: states that have friendlier business climates. Most recently Samsung and
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  Speaker 1: Exon Mobile. Well, John Boyd Junior is the principal of
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  Speaker 1: the corporate site selection consultancy, The Boyd Company. It's based
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  Speaker 1: in Princeton. He's here to talk about that more. Good
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  Speaker 1: morning to John.
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  Speaker 2: Kay, Good morning. It's great to be with you.
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  Speaker 1: Good to have you on. Just for the record, John
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  Speaker 1: was nice enough to come on the TV show I
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  Speaker 1: do in New Jersey the other day and I said, Man,
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  Speaker 1: this guys so good, we got to have him on
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  Speaker 1: the radio show. So let's go through the rundown. Democrats
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  Speaker 1: in New Jersey control the governor's office, the State Assembly,
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  Speaker 1: the state Senate, both US Senate seats, nine of the
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  Speaker 1: twelve congressional seats, the state Supreme Court, and the mayor's
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  Speaker 1: offices of the fifteen largest cities in the state. So
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  Speaker 1: I'm not trying to condemn Democrats per se in New Jersey,
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  Speaker 1: but there's no question they controlled the whole bowl here.
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  Speaker 1: So not again, I'm not trying to be bashing to Democrats,
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  Speaker 1: but so they've controlled it all for nine years. So
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  Speaker 1: at this point, who else do you blame in New
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  Speaker 1: Jersey but the Democrats for what's going on with the
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  Speaker 1: businesses leaving.
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  Speaker 2: Well, Ken, I think you're hitting the nail on the
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  Speaker 2: head here. Business policy matters with respect to where companies
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  Speaker 2: decide to do business. Okay, you mentioned Samsung, and not
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  Speaker 2: every company is doing, you know, high profile relocations like Samsung. Okay,
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  Speaker 2: I mean, obviously Samsung is just the latest and a
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  Speaker 2: number of high profile corporate relocations out of New Jersey
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  Speaker 2: over the past decade or so. But equally concerning are
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  Speaker 2: the dozens of companies that are scaling in other states
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  Speaker 2: that are less costly, less taxed states like Florida and
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  Speaker 2: the Carolina is even New Jersey's neighbor Pennsylvania, which is
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  Speaker 2: growing its economy because of tax cuts. And I'm more
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  Speaker 2: of all of the above approach to energy. So the
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  Speaker 2: message is business policy matters, tax policy matters, and when
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  Speaker 2: a company like Samsung leaves New Jersey, you're talking about
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  Speaker 2: several hundred jobs, one hundreds of millions of dollars with
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  Speaker 2: payroll and taxable income leaving New Jersey over the next
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  Speaker 2: decade or so. And so it's the income tax and
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  Speaker 2: the sales tax losses. It's also the property tax burden
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  Speaker 2: that shifts the middle class New Jersey ins because corporate
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  Speaker 2: relocations equal decreased commercial property tax appraisals and revenue. But
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  Speaker 2: I think policymakers need to link the affordability crisis that
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  Speaker 2: New Jersey inster facing directly with the business climate and
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  Speaker 2: the dangers of this continued exodus of corporate investment and jobs.
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  Speaker 1: Yeah, and again, if if it were Republicans in office
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  Speaker 1: in New Jersey right now and running everything and this
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  Speaker 1: was happening, I would be condemnatory of them equally. So
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  Speaker 1: it's a matter of just what you're saying, whoever is
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  Speaker 1: causing the problem. Voting the same way over and over
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  Speaker 1: again is not going to solve the problem. It's doing
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  Speaker 1: the same thing over and over again and expecting a
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  Speaker 1: different outcome is the definition of insanity. And that's what
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  Speaker 1: we keep doing. I say we because I'm a fellow
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  Speaker 1: New Jersey resident. You're down in Princeton with the Boyd Company,
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  Speaker 1: and I'm further north. But it's just sad to say
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  Speaker 1: that people expect change by doing the same thing. But
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  Speaker 1: I will do this and give Governor Mikey Cheryl some applause,
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  Speaker 1: because at least when it comes to energy, why did
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  Speaker 1: you talk about what Mikey Cheryl did to try to
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  Speaker 1: help the energy situation.
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  Speaker 2: But she was this is not Phil Murphy two point
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  Speaker 2: zero with respect to energy. Okay. Murphy was all about
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  Speaker 2: making New Jersey the California of the East Coast with
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  Speaker 2: respect to energy and California like mandates. Cheryl has been
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  Speaker 2: good thus far. Okay, she's lifted the moratorium on natural gas.
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  Speaker 2: That industry has enormous economic development potential, particularly the SMR
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  Speaker 2: industry for R and D operations for New Jersey and
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  Speaker 2: also natural gas. Okay, she's following more of a Joshapiro,
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  Speaker 2: the Democratic governor of Pennsylvania, with an all of the
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  Speaker 2: above approach to energy to help busines and taxpayers. Okay, Look,
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  Speaker 2: this affordability crisis is real. Not every company wants to
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  Speaker 2: relocate out of New York or New Jersey to the
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  Speaker 2: Sun Belt. There are winning regional markets like Pennsylvania. Even
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  Speaker 2: Connecticut is attracting a lot of out migration of business.
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  Speaker 2: What's a common denominator? Those states are cutting taxes and
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  Speaker 2: they have a more pro business policy towards energy.
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  Speaker 1: Yeah, and when you look at it in the greater scheme,
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  Speaker 1: you think of the map of New Jersey. What better
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  Speaker 1: place on the planet to locate a business. You have
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  Speaker 1: the first and fourth largest business markets in the United
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  Speaker 1: States in New York and Philadelphia. You have everything from
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  Speaker 1: mountains to shore, great universities, Princeton University, Rutgers and J. T.
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  Speaker 1: Kine Writer, Montclair State, Rowan Stockton, William Patterson. I can
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  Speaker 1: go on and on. We got great colleges in New Jersey.
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  Speaker 1: It's in a perfect area. You have expensive homes, less expensive,
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  Speaker 1: more affordable homes, and great transportation. It's all there. So
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  Speaker 1: if you're a corporation, you want to go to a
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  Speaker 1: place like New Jersey until you have government making it
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  Speaker 1: oppressive to be there.
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  Speaker 2: That's right, Kenn. Look there's a live, work play dynamic
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  Speaker 2: behind corporate location decisions today. And this is a strong
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  Speaker 2: suit as you just so articulated so well. I mean,
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  Speaker 2: the beaches, k through twelve schools, the cluster of major
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  Speaker 2: universities of course, proximity of Manhattan Philadelphia, connectivity to the
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  Speaker 2: global marketplace. Okay, so you're right, all of the pieces
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  Speaker 2: of the puzzle are there. The only thing that's missing
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  Speaker 2: is the heavy lifting from Trenton politicians. Tax cuts, reforming
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  Speaker 2: our energy policy to make it more business friendly, and
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  Speaker 2: even doing some smart things that really promote consolidations of
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  Speaker 2: municipal services to cut up to reduce the property tax burden.
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  Speaker 1: Well, you know, it's funny to be able to say
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  Speaker 1: that Governor Mikey Cheryl is the adult in the room
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  Speaker 1: now when it comes to Trenton, because it looks like
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  Speaker 1: the assemblies out of control, the State Assemblies is out
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  Speaker 1: of control, the State Senate to some extent, but Governor
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  Speaker 1: Mikey Cheryl is now like the sound mind of all
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  Speaker 1: of them to try to bring things or keep things
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  Speaker 1: from getting out of control when it comes to making
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  Speaker 1: businesses leave because people who have the attitude, the mamdani
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  Speaker 1: esque attitude of oh you want to take your millions
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  Speaker 1: and leave, go, good riddance, which is what Hokel did
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  Speaker 1: in New York as well, that same attitude, although now
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  Speaker 1: she's changing her tune as she sees the population declining
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  Speaker 1: and the major corporations leaving New York as well. John Boyd,
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  Speaker 1: Junior Principal of the corporate site selection consultancy, the Boyd Company,
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  Speaker 1: based in beautiful Princeton, New Jersey. By the way, it's
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  Speaker 1: not just a college town. What a beautiful town you
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  Speaker 1: live in. Princeton is one of the prettiest places on earth.
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  Speaker 1: What a great town. How long you been there?
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  Speaker 2: So we've been in Princeton since nineteen seventy five, but
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  Speaker 2: we're also in Boker too. In flor we're in the
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  Speaker 2: sixth Borough. Ah, we actually officially relocate. I still spend
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  Speaker 2: a great ular time in New Jersey. Good a lot
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  Speaker 2: of listeners and fans here in the sixth Borough for Wor.
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  Speaker 1: About a fourth of our calls are from there as well.
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  Speaker 1: And I'm just south of you and Fort Lauderdale as well,
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  Speaker 1: so I'm there half the time as well. But John,
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  Speaker 1: it is great to have you on again. Please thank
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  Speaker 1: you for coming God this morning, and please come on again.
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  Speaker 2: Thank you. Ken. It'll be a great weekend.
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  Speaker 1: YouTube John, Happy Father's Day, sounding clouds. Today it's gonna
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  Speaker 1: be breezy, low humidity, highs, low eighties. Pretty much the
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  Speaker 1: same for tomorrow and Sunday Father's Day. A really nice weekend.
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  Speaker 1: In store, phone lines are open. We're gonna take your calls.
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  Speaker 1: Coming up next right after the break. The numbers eight
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  Speaker 1: hundred three two one zero seven ten, eight hundred three
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  Speaker 1: two one zero seven ten. The Great Mark Simone is
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  Speaker 1: off today. Ken Rizottowood from mark Juneteenth sevent ten w R.
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  Speaker 1: We're coming right back.