Howard Lutnick

But think about this.

If they had the right digital rules, meaning similar digital rules to the United States, we have $6 trillion.

worth of committed investment to build data centers in America.

And we have a $30 trillion economy.

So if they had a $20 trillion economy, you'd say, okay, if they had the same rules, they could get $4 trillion.

Or how about $2 trillion?

You realize $2 trillion for their economy would be 10 points of GDP spread over three or four years?

I mean, that would produce amazing growth.

And let me sort of explain how that works.

So we did a deal with Micron.

They're going to build $200 billion in America.

So on Friday, last Friday, we did a groundbreaking of their mega fab, $100 billion fab.

And where did they do it?

They did it in upstate New York in Syracuse.

Now, there hasn't been industrial building in upstate New York in probably 40 years.

But if you think about it, it had a huge industrial base once upon a time.

So what does it have?

It has power because it has the power infrastructure for that.

So what that does is it creates like this enormous uplift.

And I think Europe can do the same.