Dani Burger

Why aren't Republicans speaking to that?

Is it an issue of not having the policies, of not communicating the policies correctly?

It's a timing issue, and President Trump

Said something similar, not exactly what you're saying, Ken, but he had spoken to the Wall Street Journal just this week saying that the reason the American public hasn't realized his policies are working is just because they take time to take effect.

And what Americans are experiencing now is Democrat-led inflation.

It seems like you would maybe take issue with the latter, that maybe it's current policies leading to some of the stickiness?

Well, you have seen the White House try to backtrack on some of it, be it tariffs on Brazil because of the impact on agricultural goods and the bills that Americans face in the groceries.

We're looking at tariffs now making their way through the Supreme Court.

Is it too late, though?

Maybe it's too late for some of the local elections, though, in getting to the American public, New York, a big change for the city with a Democratic socialist.

Miami, too, your hometown, Ken, where you had the first Democrat in three decades.

You've praised the leadership of Florida many times.

Does that change your outlook at all to have the local election in Florida also shift in terms of who's leading it?

Are you confident that Americans will continue to elect in people of positions of power like you're describing with common sense policy?

Or do you look at New York as a red flag for 2026?

You still have a good chunk of your business in New York.

Would you rethink just how much exposure you have to the city at the moment?

I'm struck that it's not just the American populace that's thinking about affordability or inflation.

It's markets too.

Since the Fed started its cutting cycle, cutting 75 basis points so far this year, 30-year bond yields are up 80 basis points.