risk to long island city hea to our website at nbr.com. >>> mission impossible. powers viacom and that's where we begin the mechanic attention folks. e better than expected quarterly results were helped by box office revenue from the tom cruise sequel.en viacomitted from a rice in fees paid by cable and satellite companies saying i expects revenue to growth are grow next yur. shares rose more than 3 to 32.99. blackberry is pushing further incybersecurity with its purchase of sigh lance for $1.5 billion in cash. the deal will expand the unit making software for next generation autonomous cars. they will operate as a separat business unit within blackberry. the shares 1s% to 8.97. >>> ge's finance arm is selling equipment ca finance portfolio f t 1.5 billiot.i.a.a. bank. the deal comes a month after it sold a portfolio of energy investments to a private eity firm. ge shares finished down nearly 2% to $8.02. >> the astro accidentica reported disappointing results from a drug trial. two experimental cancer medicines offered no advantage over chemotherapy in met stati

again as i said it best, 200 cities will line up tomorrow if they tell, if long island city tells them to take a flyer. connell: to be fair long island city it has been up-and-coming. it should have been forever. years ago it was beat up. it has been up-and-coming last few years. this will help it even more. >> no doubt. my main point, not a lot of people know about them. connell: i get you. >> now they will. it is on the map. connell: northern virginia as well. good to see you, gary. >> thank you. connell: so much for the cheap apartment in long island city by the way but -- melissa: i know. rents are going to rise. property values will rise. connell: that is good. melissa: the whole area. connell: that is a good thing. i was joking around. they are. that was a good story, if you read it in the journal. people went out, as soon as the rule more broke that long island city was going to get it. i'll take an apartment. they are buying it on spec. melissa: the representative complaining, it is jobs, money, increasing property values, all the good things. connell: there may be a possibilit

the tok jumped high are after reports that crystal city was in island and then long city could share the project. alvin has been in long island over a decade witshefrl high rises from manhattan overalldg across the b others are udr and equity residential. they have about 10% of the portfolio exposure in manhattan and brooklyn. >> picking lon island city is huge for manhattan. let's face it.re there's andous amount of supply that's been built in manhattan along with the boroughs and rent growth has not en great this cycle in part because of the glut of high-end apartments. and the same isrue in the d.c. area around crystality. reits that could benefit there alvin bay and cden property trust. aflt based in houston, the overall d.c. expure is close to 20% and northern virginia is 6% alone. h> instead of getting for example rent gro of let's say for the sake of argument 1% or you know 0.5%. the rent growth could be in the 2 to 3% for reits owning assets in that market that significant. >> but most important for apartment reits in crystal city and long island cy is how many of the new ama

in long island city, new york, but 10:00 a.m. in nashville. those are amazon's major office locations. it is 11:00 a.m. on wall street. "squawk alley" is live ♪ ♪ ♪ >>> happy tuesday. welcome to "squawk alley." i am jon fortt, here with david faber, morgan brennan. carl is on assignment. and we start with the market tech coming off the worst day since october 24th, nasdaq dropping below the 200 day average with apple leading the slide. is this a clear sign of deteriorating sentiment for tech weighing in, bob peck, head of internet global investment banking at credit suisse good to see you. >> thanks for having me. >> at least in the short term it seems that some folks are souring on tech. what has fundamentally changed, aside from interest rate, trade stuff we are dealing with for months, is anything that different? >> you're right. investors are thinking about interest rates, trade wars, and regulation what's important, pull the lens back a little. look at the broader picture of how tech has done this year. nasdaq is up 4, 5% s&p and do

as a teew hub. >> n york's long island city neighborhood gets half the prize. a nod to a strong tech workforce. the other hf goes to northern virginia, a strong workforce as well. and a strategic location wedged between reagan national airport and the sntagon. >> i pormds-based incentive package on the table. the rurn o investment will be very good. >> and a consolation prize to nashville, tennessee, for the strong econo. it will get a 5,000 employee operations center. this is t largest jobs announcement in the history o the state of tennessee. [ applause ] >> and 5,000 jobs that willag av i think i'm safe to say $150,000 in salary. said it now they can't take it back. >> amazon gave no official explanation for the split decision. but in the end no one city in america could provide everything the company wanted. most important, 50,000 skilled workers in one place. the move also allows the company which made $177 billion in revenue last year to make the most of government subsidies. $1.5 billion from new york state. $600 million from virginia. and more than $100

and 25,000 people work at a new headquarters long island, wait, long island city with an average salary we are told -- of 150,000 a year. we -- >> 25 years. 2500 jobs a year which is a drop in the bucket. >> there was a great deal of tax revenue extra fax rev are knew is going to be fleeing into the city's coffees, the state coughers, with there's realize are taxes that will be levied there's investment that will be made what are you going to say oh -- saying good-bye. >> with lieutenant governor and it never works out, in fact, some of these deals field no jobs. zero after -- >> do you think that's what happened with amazon nothing whats they're not bringing anybody here? >> you wait. you wait stuart new yorkers have learned this lesson the hard way and they -- new yorkers i feel the greatest feign pain for upstate new yorkers whose tax burden getses worse and worse and they're shelling out tax money to bring more jobs down state which is already thriving. you tell me the justice of that? [laughter] >> i'm not going to do that. i'm not going to do that but schismly going to say how on

. >> in addition to crystal city and long island city, nashville -- >> what? >> -- will be a new operations center of excellence with 5,000 job. >> my guy killed it! my guy killed it. >> betting on nashville. >> he killed it on the nashville. >> numbers are fairly large when you look at the press release, $2.5 billion being spent in new york and also, of course, in northern virginia as well. in queens it will be 4 million square feet of energy-efficient office space, to expand 8 million square feet. estimated incremental tax revenue, they say, of more than 10 billion over the next 20 years. >> do they have eminent domain >> that's why you can argue -- >> they have eminent domain? >> i don't know. there is a lot of commercial space there, there is, and a lot more potentially in that part of new york city. >> i think the narrative -- >> focused on by the city. >> etsy's in brooklyn, amazon is in queens. >> and google is on the west side of manhattan. >> they're going to stick it to the man. i want etsy in this fight against amazon. >> really? >> i'm taking etsy

long island city in new york and arlington, virginia, outside of war wash. but as nbc's jo ling kent reports, not everyone is happy amazon is coming to town. >> reporter: the celebrations have begun. >> amazon has found its next home. >> reporter: after a much-hyped competition taking bids from 238 cities, amazon announcing its second headquarters will now be split between the washington suburb of arlington, virginia, and long island city in queens, new york. each location promised 25,000r:e questioning whether the cities are giving up too much. the tech giant led by jeff bezos, the rich est man in the world, will receive billion dol corporate subsidies in new york. and more than half a billion dollars worth in virginia. new york congresswoman elect alexandria ocasio-cortez tweeting, the idea that it will receive more than hundreds of millions of dollars in tax breaks at a time when our subway is crum crumbling and our communities need more investment not less, is extremely concerning. >> it is already expensive here. >> there are critics that do not like am

i have to wonder, people in long island city, which has been a rebirth area here, a whole new city area, they have to be bracing for just how much more crowded it's going to be on the 7 subway, which also goes out to met stadium. it will be a crowded area if you get some 25,000 amazon workers >> it will our reporting earlier a couple weeks ago said the d.c. area is likely to have transportation sweeteners as well alexandria not a free flowing traffic area as well just a touch of traffic on the be beltway. >>> now to your top three stock stories. boeing reportedly withheld information about the potential hazards associated with a new flight control feature that may have played a role in last month's deadly jet crash in indonesia. the auto stall prevention system on 737 models can in some cases push the plane's nose down so strongly that the flight crew simply can't recover safety experts say u.s. airlines and pilots were not told that feature was added to the 737 >>> kellogg is exploring the sale of its cookies and fruit snacks businesses, that includes brands like keebler. the company w

. >>> coming up, a rising risk to amazon why the retailer picking long island city, new york as home to one of its hq2s could be a threat we'll pln exaiwhen "worldwide exchange" returns. ♪ ♪ put your data to work on the cloud that drives business. the ibm cloud. the cloud for smarter business. >>> welcome back let's check the stock futures side of nithings they are indicating a slightly lower open the dow jones off by 50 points the s&p off by 8, and the nasdaq down by 57 points. >>> amazon's pick for its second and third headquarters facilities dominating the headlines this week, but the long island city, new york choice could be a gamble especially when it comes to the real estate side of things diana olick has more on that. >> long island city may seem the perfect spot from amazon, across the street from manhattan, but its location may pose a huge risk to the development. the rising risk of rising tides and extreme storms the location is on the lowest part of queens and on a floodplain the area could see significant coastal flooding by 2020, and by 2050 extreme projections of s

and arlington county and long island city in new york city. we have team coverage on t big announcement with chris lawrence and justin finch. we'll startith chris o this, chris, what attracted amazon to crystal citoe if it end up there? >> well, aaron, one company owns of t 7 million square feet office space here. so you have got one partner that could provide just about everything amazon needs. they also have a lot of outdated office space which is a clean slate so to speak so some of crystal city's deficiencies could be a blessing in disguise. amazon was looking for an area with at least a million people. they didn't want to be a big fish in a small pond. hey also needed to be business friendly and northern virginia is known to have low regulation and l taxes. they needed to attract tech workers. 8lready a growing tech sector here. illion square feet of space over the next few years. obviously i justti med one company could do that and they want to be near an airport and transit, obvusly crystal city fits the bill. >> thank yo continue our t

what is special about that location in long island city? and tell u how t announcement is being received e.th >> reporter: if you're n familiar with this area, long island city is in the burrough of queens. just across the east river from manhattan. you will see the new proposed site for amazon's new headquarters in new york city. mostly industrial. there have been some new housing developments and this new announcement has bee really controversial in the area some of the are excited b at the prospect of 25,000 new jobs. others are concerned about house thing market, transportation they stay subway lines are already overcrowded but amazon says transportation is one of the reasons they picked this area. it is close to laguardia. so far there's been a lot of back lash but t governor a mayor are promising to keep op transportation of mind and they are planning to work on the infrastructure here in amazon city. >> so a split decision and everybody is happy, right? we think so. >> thanks so much. all right. as we get ready for amazon's arrival i

they have about 10% of their portfolio exposure in manhattan and brooklyn >> picking long island city is huge for manhattan there's been a tremendous amount of supply that's been built in manhattan along with the boroughs rent growth has not been great this cycle in part because of the glut of high-end apartments. >> around crystal city, reits that could benefit there, avalon and camden trust most important to any of these reits is how many of the new amazon employees will come from within whatever market it picks and how many will move in because that's how many will need apartments or houses or aft effect the remarket in some way. >> wherever they end up, amazon will have a marked effect on real estate. it's not a seismic shift but it will be a big deal >> right especially if you have a lot of people moving in from out of town then the question is is it older folks looking for families or millennials coming in and going into the apartment sector. my guess is millennials. >> i know they're talking about long island city and d.c., hudson yards in new york city, 8 million square feet -

one in long island city, the other in arlington, virginia. that has been confirmed as of tuesday. nashville will become the so-called operations center with more than 5000 new jobs. we caught up with the senior vice president jay carney to talk about the plan. shareholders and board of directors meetings in headquarters, employee meetings in new york and the d.c. area like we have in seattle. he will move around. the last of leadership will move around and as these headquarters grow, will have senior leaders based in each of these locations. i am in the leadership team. i live in washington, d.c. and come back and forth to seattle. i will be going a lot to new york now which i am excited about. company,seattle-based but we long ago became more than just seattle. have employees in 46 states. we have 18 centers around the country, we have invested $160 billion in the u.s. in the last seven years. as you know, we hire a lot of folks and we pay up and down the income scale. some of these jobs will bring positive benefits to new york and easy -- and dc. emily: how do you feel about the

jobs going to long island city, 25,000 jobs going to arlington. a new jobs center will open in nashville. the company will have 5,000 employees there. spending $5 billion on these new facilities. in return, they got incentives, that's taxpayer money, as you know. new york is giving amazon $1.85 billion worth of stuff. virginia, $819 million. nashville, $102 million. a lot of people wondering about the tech giant's decision to have the contest reich-like app. they chose two remarkably obvious locations. one adjustant to the nation's capital. now that they've settled on locations that aren't in any desperate need, some critics are calling the entire venture corporate welfare. it's fairly common. one conservative estimates suggest that cities and states give away $70 billion every year when they offer concessions to companies in exchange for promised jobs or other economic activity. joining us now is eric thompson. he's been covering this very well. >> can i go? >> yes, please. >> we've sat here for this beauty pageant for the last year and a half an

bad because specifically to long island city for people who live in new york may be familiar. it's already a little crowded. people know our subway system in new york city is the worst in the world and now you'll add 25,000 customers and we gave them a big tax incentive, both cities did gave tax breaks. you can see it here, for the high-paying jobs they gave up some tax base. i guess you'll make some of that money back in the taxes the employees will pay in paychecks an getting out and about. it's curious. the great article talked about the tech culture in san francisco and how that resulted in a lot of protests because the tech workers live in their homes and go on the shuttle bus and go to their tech job and go to bed and not enjoying the nightlife. we'll see how it pans out in time. >> having been a driver who tried to drive into long island into not even rush hour. i can't imagine adding that many more people. the beltway of d.c., traffic nightmare, 495, major nightmare. four-letter words come out of my mouth after sitting in traffic. what will this happen and how do local

if you haven't been to long island city, it is an up and coming nart of york city. i can see an hq2 there. >>> facebook isumped out of the internet and into the mall. social network is opening up pop-up shops in nine cities this week. part of the market at macy's which facebooko created help show off small businesses working online. the merchants keep all of their sales revenue and facebook pays macy's for the sales space in st the es. again, there are nine of these pop-up stores open n from 23ebnd. the closest one in our area is w york city. >> atlanta, ft. lauderdale,an antonio, l.a., and san francisco. maybe they'll migrate. >> if it works. >> all of that branding. see facebook everywhere. >>> still ahead on "news 4 today," it was one of the ghtest races in the country. f the race governor of georgia. the votes are still being tallied, but t question is already being asked what happens if no winners being declared? we'll look ahead. >>>ry vic for mayor muriel bowser. we'll look at t other races that will impact your community. stay with us, you're watching "news

amazon is going to be placed in long island city in queens. long island city real estate brokers told "the wall street journal" they would is to flurry of inquiries over the past week was that some were even buying units sight unseen the a text message. the journal wrote on tuesday morning -- john "this is the first time in my 20 or career us in the market go from a buyers market to a sellers market overnight based on a rumor." both you could respond to what deblasio is sasaying come a massivive grow in n the techch sector and good jobs for new york's kids, and students and what isn this city, and going to have the to real estate. >> i think this is a great example of a technocratic democrat who is hiding behind big tech and pushing out thee narrative to the public that big tech. ever single problem in our and humankind. that is not the case. this is an example how big tech artificially raises value. as stacy said, real value comes from innovation, creativity, small business, local economy, circulation of wealth at the very bottom of our econo

. >>> citi is making room for an amazon takeover of its iconic building in long island city. citi said tuesday it will move about 1,000 employees out of its space outside manhattan in the first half of the year. it employs roughly 3,000 employees working in that building which overlooks the east river and has long carried citi's logo. >>> amazon announced tuesday its second headquarters will be split between long island city and northern virginia. the company intends to invest $2.5 million in both locations which will have more than 25,000 workers each. the lease at one court square runs out in 2020. a lot of soul searching about just how much in tax incentives virginia and new york and new york city gave to amazon. by some estimates, there are more incentives for the company than it will actually invest in either location. >>> the ceo of e-cigarette maker juul announced plans to eliminate some social media accounts and halt most retail sales of flavor products. this is part of a plan to restrict access to minors. this is a very big deal. in a statement, juul's ceo said, quot

diana olick is live in long island city with more. hi, di. >> reporter: the waterviews are simply spectacular, but that may be the biggest pbl froemor amazon. we'll explain coming up next. there's a lot to love about medicare. there's also a lot to know. part a that's your hospital coverage, part b is all the doctor stuff... the most important thing to know? medicare doesn't pay for everything. and guess what that means... yep...you're on the hook for the rest. that's why it's important to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay for some of what medicare doesn't. so you could end up paying less out of your own pocket. that's nice. and these are the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. it feels good to have someone looking out for you. want to find out more? call unitedhealthcare insurance company now to request this free decision guide, with aarp medicare supplement plan o

i'm sure it didn't apply to long island city. just a few stones feet away is hard for people to grasp that from outside the area. but do you see this as a pickup for the entire area, what do you think? >> up to pick up, but as a confidence booster to showcase new york is a vibrant city with tremendous culture, tremendous educational institution that draw in the likes of an amazon, is a future corporation and speaks volumes about the new economy and the confidence of the great city that i've always believed in and more so even now than ever before. neil: thank you very much. we'll see what happens. in the meantime, house republicans have begun voting on who will be in their new leader. kevin mccarthy is the supposed that favorite over ohio congressman jim jordan, cofounder of the house freedom caucus. we don't know how it will go. republicans will take to the microphone when it's all decided. after this. the fact is, there are over ninety-six hundred roads named "park" in the u.s. it's america's most popular street name. but allst

another in long island city queens courtney reagan is there, and we're joined by greg leroy he thinks we need a more transparency when it comes to making deals with big corporations we begin with diana. >> melissa, don't call it crystal city any more. amazon is rebranding this everyone parts of pentagon city. it will partner with smith for the 25,000 new jobs. supporting those jobs will also add jobs, potentially totaling just over 40,000 and increasing employment here by 23 person now, in housing, avalon bay have a big rental department footprint here possibly from investors looking to cash in the median price of a home here, $600,000 virginia tech put out a statement saying, it's innovation campus was a key reason for the choice. a 1 million square foot facility, bringing more tech students to the area finding skilled workers was the key to winning >> i think they like the idea of being able to come into our community here in northern virginia, and also having the workforce training available i talk to businesses every day, around the globe and they said to me, every day, ralph, if

and long island city in new york in the queens area. team coverage on the big announcement. we'll start with chris here. >> well they had very specific requirements and some of the deficiencies may have been a blessing in disguise. they were looking for an area of at least a million people. they aidn't want to be big fish in a small pond. they were also looking for an area tha was business friendly. northern virginia is low regulation and low tax. they alsoanted to attract tech workers. this area is a tech hub, es ocially parts northern verge virginia in fairfax and ou lo they needed half a million square feet of office space and up to 8 million square feet over several years. they wanted to be near an airport. t and aboee stops into downtownd.c.: that may allow amazon to get up and running very early on. only deals with one property owner to get their headquaters built. we'll dive into this i deeper the 6:00 a.m. hour. for now, chris lawrence, news 4. >>hank you. we continue our team coverage of todantsipated announcement from amazon w

you're looking at pictures of the new york site in long island city. after a 13 month search and bids from 238 cities, the tech giant announced it will split its second headquarters between the long island city neighborhood in queens, new york, and arlington, virginia. >> amazon hopes to bring 25,000 jobs and $2.5 million to each location. the company was offered more than $2 billion tax incentivesf why are you u.s. cities spending tens of billions of dollars to steal jobs from one another in the first place? dereck is with us now. good morning. >> good morning. >> wouldn't we want rnors, yors, otherso say and put out the red carpet and bring a neighborhood? >> sure. amazon's a fantastic company and its a credit to many cities that get amazon jobs. here's the issue, every year the -- we spend as cities and states, 72 to $90 billion just to move jobs within the u.s., to steal jobs essentially from other u.s. cities and states. that's more than the federal government spends on housing or infrastructure. and this is money that is taken from cash that woul

it will be long island city, part of new york city. the other one will be in the washington, d.c. suburb of arlington, virginia, in crystal city there. the new locations are going to join the assisting headquarters in seattle, they'll have shared responsibility as headquarters. the company is offering $5 billion in investment in the new headquarters location and total -- locations, and total of 50,000 jobs paying an average of $150,000 per year. the cities that applied for the new headquarters offered all sorts of financial incentives like tax breaks and free land. nou effectively amazon split the baby, 25,000 jobs going to long island city and 25,000 to arlington. amazon will also open a center in nashville, tennessee, where the company will hire 5,000 workers. here's where the rubber hits the road. amazon said it will invest $5 billion in the new facility in return negotiated $2.8 billion in incentives from new york, virginia and tennessee. here's the state-by-state breakdown of what they're getting -- $1.85 billion from new york, virginia gave $819 million, nashville $102 milli

what does this mean for long island city and the surrounding areas? >> we will see more pressure on housing. the government has to agree to create more inventory. we finally have more density than ever in seattle but seattle and was -- limited amazon's growth because it was so hard to house all of the people. you will see a building frenzy in new york and virginia and there is room to grow in both places. they went to the edge of large cities so there was some room for people to commute to work and find housing. amazon made some good choices here. if they are worried about being able to grow in these two cities already. >> what would you say to the residents of these areas? the governments are excited. the people who live in the area may not be. >> it is a mixed blessing but still a blessing when a company comes to town that is going to create high-paying jobs. everyone should be excited about that. you just have to plan for the growth. you put your head in the sand, you are going to have a spike in housing prices and traffic congestion. if you say we

island city for more on that >> long island city may seem like a deal, stunning views of manhattan, easy access to transportation and shiny new residential towers rising by the water but there is a rising risk of water -- flooding at the proposed four to eight million square foot amazon office development. >> this is clearly building square in the danger zone for frequent flooding. now amazon can protect their investment very locally by building sea wall, barriers designing their development in a way that would be robust even if it does flood, even the water comes high but then you have to ask how easy will it be to get to and from headquarters >> new research from climate central and zillow shows the area could see significant coastal flooding by 2020 by 2050, extreme projections of sea level rise have low lying buildings underwater developers at nearby brooklyn navy yard's new dock 72 that literally hangs over the water are battling the same problem. it's a collaboration by boston properties and rudin management. >> we have a very strong plan in terms of sustainability and dealing

how do you think this will change arlington, virginia and long island city? barry: i think the issue is how it changes these places today. what it reveals is that officials and -- in long island city and new york city at the local and state level are willing to give away a whole lot for not that much. we have to remember they were originally promised the whole deal. they were promised the whole hq2.uarters, bestch case they got at half of it and in some cases less than half based on the investments revealed. what we see, if you are a taxpayer and citizen in new york city and northern virginia, you can say what did my officials and the mayor and governor just give away? these subsidies and tax breaks, that is my money. youy: at the same time, have google talking about expanding its presence in new york but not getting all of this fanfare. is that fair? as a google also said it has not applied for some of the tax subsidies amazon maybe has , although google is mostly in manhattan and amazon is coming to queens. there's a bit of a difference, but just to be a li

seem ready for business locals in new york's district off long island city are worried about the planned campus. we are not leaving. a soccer stadium one shot that their infrastructure. indeed new york city is known for its crumbling infrastructure and traffic problems amazon might have to direct some of its promised five billion dollar investment just to find ways to get its employees to work and home. well here in europe all eyes are on rome and to brussels the deadline for italy to present a revised budget plan and today the e.u. is worried about plans by italy's clinician government to take out one more debt to pay for expensive election campaign promises rome is planning big cuts in taxes to boost growth but the e.u. says that that is unacceptable given internees enormous mountain of debt the biggest in real terms in europe italy is the euro zone's third largest economy and the second largest manufacturer in europe but despite the country's potential italian economic growth has been weak and it's been lagging behind the news average . of course more debt would jeopardize italy's cre

the long island city area new york city. the other would reportedly be in the crystal city of arlington, virginia. the ecommerce giant plans to have 50,000 employees in the two new locations. >>> ride hailing companies are offering discounted rides to the polls today for the elections. and under certain communities and offering ride to the polls across the country. >> that's a brilliant idea. dianne king hall at the new york stock exchange. >>> we'll take you to a texas border town where the u.s. military has suddenly moved in. probiotic. lign yourself with align and try new align gummies with prebiotics and probiotics to help support digestive health. forget about vacuuming for weeks. the (new) roomba i7+ with clean base automatic dirt disposal empties the roomba bin for you. so dirt is off your hands. if it's not from irobot, it's not a roomba. >>> coming up at 4:30 it is election day. we've got all the information you need to know before you head to the polls. >> plus ahead of the midterms facebook scrubs dozens of accoun

iam standing i am standing here in long island city in queens, new york. a former industrial area that over the last year has seen a massive boom in residential high—rise building. now the technology giant, along with virginia, will become home to its second headquarters outside of seattle. amazon's surprise decision is to an end a highly publicised contest which saw over 200 cities and towns across the united states all vying to come home to the retailer ‘s second massive headquarters. why? because it is perceived to bring the massive economic benefits and job. in the end, it was virginia and new york offering a combined $2 billion in tax incentives that one. the company said part of the reason of the decision was because they were looking for something which had good access to transport, where i am standing is not farfrom access to transport, where i am standing is not far from two airports, but the other factor was talent to. they said it was key to be able to recruit a kind of talent they need to continue to grow and they need to continue to grow a

it the cause other company to come to queens and long island city, set uproots, there will be restaurants, and -- there there already are. >> there will be more. >> there are tons, one big condo long island city. >> the history of this type of intervention is mal-investment, you think you know ethanol boom and bust under bush sr. or student loans, milto mill -- cre town. that not practical and moral. david: there is a difference between federal government getting involved in the city. the closer you get to home the better they are, cities know better than federal government. >> depending on the deal if the deal got crazy, i'll talk about wisconsin and foxconn that was closer do home, but deal of outrageous, scott walker thought it would get him reelection, woops. that did not work. david: some people say it may have prevented him from getting reelected. >> that is right. this something you have to watch. >> president comments offed on the article about amazon impact on post office. he said, they have gone getting bargain of is the century, that is why i asked for a review of amazon impact

was on the east side a little closer to long island city? >> i like where it is. i think hudson yards will change the way that people really look at new york. we're creating a live, work, play environment in an environment that never existed before i like to say as new york should be >> okay. stephen ross, thanks so much for joining us back to you, melissa. >> thank you very much, diana and our thanks to stephen ross >>> another wild swing day for the markets. the dow was down nearly 300 at its low and it is now up by one full percentage points we'll get toy'das action and what we could see in the final hour before that bell rings. stay tuned i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect

two decades from now, how do you think this will change arlington, virginia and long island city? >> the issue is how it changes these places today. what it reveals is that officials and long island city in new york city and in virginia , at both the local and state level, are willing to give away a whole lot for not that much. we have to remember that they were originally promised the whole deal, the whole headquarters, the whole hq to -- hq2. it looks like it will be even less than half, given some of these other investments that have been revealed. what we see, if you are a taxpayer, a citizen of new york say, hey, what did my officials, my mayor and governor just give away? these subsidies and tax breaks, that is my money. time, youthe same have google talk about expanding its presence in new york but not getting all of this fanfare. is that fair? >> yeah, it's interesting. google has said it has not applied for some of the tax ,ubsidies that amazon has got although google is in manhattan and amazon is in queens, so a bit of a difference. but to be fair to amazon, economic dev

amazon is reportedly picking two locations, crystal city, virginia, and long island city, new york courtney reagan has more on the decision to split that project hey, court >> reporter: good morning, carl. here we are in long island city, new york according to "new york times," it is one of two locations amazon has chosen for its hq 2, the other is crystal city in northern virginia. now, new york city we know was on the final 20 list, but beyond that, amazon declined to comment other than saying we will know the final decision by the end of the year the company looking for a total of 500,000 square feet of office space for a total of 50,000 employees, plans to spend $5 billion over two decades on that endeavor this western part of queens is one subway stop from new york city it has a diverse population of 61,000, but employees could easily get here from both long island and manhattan the employment rate in new york city is 4%, slightly above the national average the "new york times" cites sources that amazon executives met with andrew cuomo two weeks ago, separately spoke with the mayor, bi

over lunch at the court square diner in new york's long island city local residents wonder how their rapidly growing neighborhood will absorb tens of thousands of more people now that amazon has announced plans to build a new headquarters here for soccer stadium once think that new high rises an ongoing construction are already straining infrastructure in this once quiet neighborhood over looking man has been overwhelming. the online retail giant promised to bring more than five billion dollars in investment and up to fifty thousand jobs when it announced a search for what it h q two the seattle based company settled on two locations in the end this virginia suburb of washington d.c. in addition to new york after fierce competition among cities all around the country i did offer a buy which is my name. drew anyway new york governor andrew cuomo once joked that he would change his name to amazon cuomo to win the lucrative deal i think it would be an economic asset for the. i've said to them personally i will do whatever i need to do to make it a reality i will personally get involved

two decades from now, how do you think this will change arlington, virginia and long island city? barry: well, i think the issue is how it changes these places today. i mean, what it reveals is that officials in long island city and new york city and in virginia, at both the local and state level, are willing to give away a whole lot for not that much. i mean, we have to remember that they were originally promised the whole deal. they were promised the whole headquarters, the whole second headquarters, the whole hq2. in each case, they got, at best, half of it. and it looks like it will be even less than half of it, given some of these other investments that have been revealed. so what we see, if you are a taxpayer, if you are a citizen in new york city, if you are a citizen in northern virginia, you say, hey, what did my officials, my mayor and governor, just give away? because it is like these subsidies, these tax breaks, that is my money. emily: at the same time, shira, you have google talking about expanding its presence in new york but not getting all of this fanfare. is that

, long island city in new york and crystal city in northern virginia, 50,000 jobs between those two locations, and the "wall street journal" is also reporting there may be other major amazon hubs to come elsewhere in the country. >> trevor: finally! something to put new york and d.c. on the map, yes! seeing new york and d.c. win a new complex is like seeing bill gates win the lottery, congrats, i guess? i give it six month before new york says, yeah, we got a return policy, it's called shut the (~bleep ) up, tough guy! get that shit out of here! and with tax incentives and grants, new york is paying amazon more than $1.5 billion to move here. and, yet, somehow, they can't afford to fix the subway, yeah? i mean, not that we'll need the subway anymore. you can just amazon prime yourself to work. oh, man, why did i choose two-day delivery? moving on, everyone knows high school prom photos are incredibly emparsing, especially for me because i had to take my cousinnen to prom, who is a giraffe. ( laughter ) i'm sorry, i don't know why my writers keep giving me these dumb africa jokes. ihead a norm

, dtside washington, d.c., long island city, queens, new york. instead of 50,000 workers in one place, each locale would get 25,000. ouboth locations give amazon what it wants: access to major metro areas with public transportation and tectalent from which to draw. and they each have unofficial amazon c.e.o. jeff bezos has ties to both areas. last fall, matt cabrey of select greater philadelphia hoped that would lure h.q.-2 to his neck of the woods. >> one of the things that's often under-recognized is, it's not just the city, where it's located, or it's not just the town or the office park. it's where the c.e.o. and where the c-suite want to live. >> reporter: well, jeff bezos has a connection to washington, d.c., owns the "washington post," has a house down there, right? >> he does. and he's a princeton grad, and he has other family connections in the greater philadelphia region. so those kinds of factors may actually be part of this decision-making. >> reporter: but nothing is final. en in new york, governor andrew cuomo continued his hard sel

maybe it didn't know it was going to crystal city,a virgi and long island city, new york, ubut if thought about it for a minute, i'm not the only one, other ban experts, maybe ten or 15 urban areas it could go for, but back in january of this year when the short list came out, i was able to predict this. i i said t amazon is goin go either -- now my prediction was quite wrong becae i never envisioned a split -- either toa ington, d.c. where jeff bezos owns a $20 million mansion or new york city, the greatest global city in the world with more headquarters than any other city, or jeff bezos and condominium in the me warner center, if i could see it in january and i'm not the only one, i think it was clear theykn who they wanted to go, why put 236 cities through? the cities had to have board time, staff time, consulting time all putting this together because i think amazon had something bigger in mind, theo y wantedt to know all of the cities, they wanted the best database on economic development and site selection a ultimately will site a lot of things and maybextct incentives from the cit

what it's going to do to our housing behind where they're going to do this in long island's city, you've got neighborhoods like sunny side, one of the few affordable neighborhoods that's only 15 minutes from the city. rents there are going to blow up. if they wanted to be on the east coast, they could have gone to a baltimore or philadelphia where there are tons of areas that need renovation, where they've got ample housing. we don't have it here. >> i think one of the issues, amazon is absolutely correct, the workers are -- the better workers for them, for their purposes are in these areas they've picked. it's just the case, better trained workers, there's more of them. things like that. to be fair to them, it's an important issue, who they can -- who they can hire in these cities. that's a lot of jobs. but i agree with you, she's got her finger on the pulse of new york better than governor cuomo or mayor de blasio. she's absolutely articulating the issue perfectly well, why are we doing all these giveaways for billionaires? that's the very easy pr spin to it, it's a little more complic

the washington post is reporting that crystal city and long island city will get massive investments from amazon. analyst say splitting the facilities will make it easier to find qualified workers and reduce the impact on local housing, transportation and schools. >>> google confirmedlving a dat they said the internet it cannot essential services off-line and facilitate espionage and financial theft. because most of the traffic is encrypted, google is project. they had little comment other than to say it was a problem external. >>> to democrats today 12 republican held state senate seats. those two races were in the central valley. this gives the democrats at the third advantage in the senate d raise taxes, suspend legislative roles and override vetoes with out republican votes. >>> san francisco police are searching for an arsonist who started fires in golden gate park. last f -- and people camping agree the fires appear to be deliberately set and hit close to home. >> there are a lot of people who sleep here in the park. it -- you are messing with our homes and it isn't fair. >> fi

the elect split between long island city new york and arlington virginia. each location is expected to appoint roughly 25,000 employees in the online giant says it will invest five billion dollars into the conduction project. amazon begin the search last year and received outpatient from 238 cities across north america. maria, back to you. maria: us and china for 16 chain tariffs nearly five moscow and so far the airline industry has avoided getting hit and that does not make my next guest feel that much better and impact his company would prefer to see these issues resolved as soon as possible. this is an important export and we're talking right now with the boss at boeing, ceo and chairman to meet right now. good to see you. i know you been involved in these china talks and is it one in four of the planes let's work to china this year or next year? it's an important piece of business and the us largest expert. >> us china relationship is exporting to us and a quarter of a commercial aircraft delivery go to china today and very important market for us. loo

i'm not sure why they chose long island city. if you own real estate there things are going sky high. >> bill: they are looking for talent to work there. "new york times" headline amazon's hq2 will benefit from new york city but what does new york get? that's the question you're asking? >> a lot more traffic. the seven train, the one subway line that runs out to long island city is already a disaster. the mta in our city is a struggling disaster that's massively in debt. not to be the grin much that stole the good news here but it is an interesting choice on long island. i get the national talent. that's true. >> that's probably why they split it up into two cities and they needed to spread out the cost of living will increase, the traffic is an issue. >> sandra: then they get a lot of workers making a whole lot of money and spending that money. >> the sal -- salaries you need to make to survive here. >> bill: could you imagine if you were a columbus, ohio and indianapolis, indiana and got all of it. you would be a boom town. big

island city in new york and crystal city in virginia. the company has been searching for a home for its h q2 for a year. the "wall street journal" first reported that amazon had locked in the two-city plan, but the company has not yet chosen those two cities. they are reported to be finalizing plans to employ 25,000 people in each city. >> pipe bomb suspect cesar sayoc will a poor in federal court today. he is facing charges for mailing more than a dozen explosive. devices to democrats, cnn and critics of president trump. they will ask him to be held ifndal involving olympic team doctor larry nassar, the u.s. olympic committee has taken the first steps toward taking control of the olympic program away from usa gymnastics saying in a letter usa gymnastics has continued to struggle to change its culture to rebuild its leadership and to effectively serve its membership. in a statement usa gymnastics said it is carefully reviewing the contents of this letter and evaluating the best path forward for our athletes. >> well, it's finally confirm