. >> between mansions, personal land and corporate properties, ken griffin spent over a billion dollars on and in florida. robert frank is live outside of ken's star island mansion. robert >> well, tyler, they are the two magic words right now for florida real estate brokers ken griffin. he spent over half a billion dollars on land over here on star island and in palm beach. we'll take you inside his record breaking buying binge and what ea f fri rl ea estate this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> we heard a lot about millionaires and billionaires moving to florida to take advantage of the zero state income tax and the weather. but no one has made a bigger bet on florida than ken grich e. griffin. robert frank convinced the bosses he ha

diligence, it becomes the herd mentality. >> very smart guys and very wealthy guys this house that ken griffinland is 16,000 square feet it is about two acres and it is likely that ken will tear it down because he's actually bought four properties here on star island that will become his new home just about an 18 minute commute to their new headquarters over on brickell. guys >> amazing the demand that it may be creating. as for griffin himself, he still owns an enormous amount of real estate other places too, doesn't he, robert >> yeah, so he's still got the most expensive home in chicago he's got the most expensive home in new york. and america, with that $240 million apartment, just off central park south, he just bought that calvin klein place in the hamptons in 2020 and he's got all these properties here and he is building the most expensive home in america in palm beach, that will be 25 acres, that will be larger than mar-a-lago with a 44,000 square foot home he's building in palm beach for what he says is for his mom. >> robert, whenever you hear hedge fund manager or anyone else of tha

he is a market maker and he raises all the comps. >> no comment from ken griffin are citadel on these, one of-a-kind properties that his family will live in for years. >>> i'm trying to do the math on this. it is easier $100 million on a brokerage on a real estate agent's commission, even if it is 4%, that is a gigantic payday. he's making other people rich. they have a lot to say on this. >> i spoke to him yesterday and he really underscored a lot of the points that you have already made. they are building an iconic office building and break ground late 2023 or early 2024. he sees this and i see this as a competitive advantage in terms of recruiting talent. it might be misty eyed as the citizen of the city here in the north, that we are losing a great business like citadel. that we are losing businesses like that in new york and in chicago, they lost the business. he was early and right on the miami trend and he is doubling down. >> it is great to see. and certainly there is sadness in chicago where they will lose 300 employees. he has clearly gone. there is no love lost between him

millions of people could be forced into poverty if the government does not come up with a plan >>> ken griffin's sicitadel securities firm told lenders it will use money for additional trading capital. it comes and citadel took in trillions in the first half revenue. >>> and home depot names ceo ted decker as the new chair of the board. decker replaces former ceo craig menear who will retire at the end of next month. home depot announcing a new $15 billion share buyback program. announcements coming on the heels of the retailers second quarter results showing a strong performance as customers deal with high inflation. you see home depot shares up nearly 1%. brian, i bet we will hear more buybacks ahead of the i.r.a. kicking in >> that 1% stock buyback tax ber bertha, the uk story can you imagine if your power bill or heating bill doubled and you are struggling to make ends meet and they change those rates. a lot of sticker shock bertha, thank you. >> that's something they have to deal with. >> it will be tough for millions of families there. we will get more on that story going forward. >>> in t

billionaire ken griffin announced that his hedge fund citadel and trading firm citadel securities when citadel spokesperson saying the firms are having difficulty recruiting top talent from across the world to chicago given the rising senseless violence in that city. he wants to live in cities with a feel safe. the move prompted miami's mayor francis florez to tweet a war miami welcome to his friend mr. griffin. >> brian: thanks john you right now is that mayor. citadel isn't the only comedy moving to miami you're seeing an influx of smaller ones, who is coming and why? are you doing the recruiting? or is it the city of miami? >> all were doing is keeping it simple. were keeping taxes low a historic low rate were keeping people safe. hopefully i can finish the year with a historically low homicide rate, and world leading its innovation. we've created a kind of economy customer one of the nation in which growth. we are creating high paying jobs and a combination of attributes as was attracting people from states for the paying over 50% of their income in taxes i mean that's basically so

guys like ken griffin said it loud and clear.lity wants it, goldman sachs wants it, jpmorgan wants it. so i don't know how the regulatory back and forth ends and which of the bills in congress end up taking hold and what kind of compromise will take place but what i do he know is that everybody is catalyzed, they're all engaged in putting together a clear regulatory regime and it is going to be good for bitcoin and it will be good for institutional investors. charles: got a minute to go to give you chance for haters who prematurely danced on your grave last night? >> first of all, i'm still here. second of all, people forget, i'm the principle and controlling shareholder of mike joe strategy. charles: only been there 33 years since the inception. >> it is my idea. i wanted to do this. thong is great operating executive. he will be even better as president and ceo. the company has added five billion dollars in assets to the balance sheet and we needed a new full-time cfo. andrew kang has arrived to do that job. i get to step up to

meantime, in chicago, billionaire ken griffin announced that his hedge fund, citadel and trading firmcitadel securities will now be headingri to miami, florida,i with a citadel spokesperson saying, quote, the firms aret having difficulty recruiting top talent from across the world to chicago given the rising senseless violence in thatnsel city.ie talent wants to live in cities where they feel safe. the movel prompted miami's mayoe francis suarez to tweet a warmis miami welcome to his friend mr. griffin. right. n thanks, trace.yo joining me right now is that that francis suarez, mayor citadel is the only company moving to miami. you're seeing an influx of smaller ones who's coming and why are youou doing the recruiting or is it the city of miami? ng well, what i we're doing is keeping it simple. we're i keeping taxes low. we just lower taxes to a historic low rate or keeping people safe. we are hopefully going to finish the year with a historically low homicide rateom and we're leading a generation. we've created the kind ofinin economy that is numbermy one in. the nation in wage growt

ken griffin is said to have raked in a record $4.2 billion of net trading revenue in the first half,latility. sources say that makes 10 consecutive quarters of net revenue above $1.5 billion. we are told settle dealt has been floating numbers as it seeks a $400 million incremental loan. a company forecast revenue below estimates despite a faster than expected recovery. sales were boosted 75% less water. they see third-quarter revenue coming in at $1.3 billion and expected to deliver 29,000 units in the period. haidi: china's $12.4 trillion local credit market has been flooded with cheap money, but a growing number of borrowers are struggling for access. funding is getting cheaper four-time -- chinese companies despite the property prices. what are we seeing in terms of riskier borrowers? reporter: that is correct. last month, we saw cheapest funding, but in the real estate sector, we see a further divergence between the companies that are considered high quality , these are often state-backed companies and we have privately owned developers that have not been able to issue any bonds

. >> you see billionaire ken griffin, leaving and coming right to miami and citadel.nd hit the pockets of the city hard. >> sandra: and he hung in there for a while, he loves the city, but people don't feel safe walking to work or coming to work, having their families live here, so it became harder for him to retain and attract top talent which you need to run the largest and most successful hedge fund in the world. add this in here on the news front on what they are trying to do, they have stepped in, said you are not going to get away with this, now vowing anybody doing this drag racing, this dangerous street racing there in chicago, they are going to tow your vehicle, impounded, up to $10,000 fine. that's great, but i mean, that's going to take a lot of effort. police cannot stop it while it's happening, dangerous for the residents around it or pedestrians in the street, its unbelievable that is happening, almost nightly we are seeing this happen. >> that's right. and worst of all, the county prosecutor won't enforce the law. >> john: and the police can't get to th

and ken griffin's citadel has borrowed $600 million.ey in part for additional trading capital it comes after citadel reported it took in $4.2 billion. >>> meantime, let's talk about the rise of esg investing. it's led to the companies using better practices but should chinese companies be excluded from esg funds? joining us is vivek ramaswamy. i know you think we should be focussing more on some of those issues, but at the same time, we've gone back and for the on this there are some benefits to thinking about these esg issues, no in >> well, look, i think the topic of the day, you brought it up, is watching what's happening with these chinese companies, now delisting from the chinese stock exchange the question is how you apply th these esg sdatandards in the wet without applying them to the chinese. why did they apply to delist they don't want to have the same transparency and accounting and government standards applied to u.s. companies as well it's interesting to look into why it is that the same asit management firms and financial

the reason they are doing this is because people like ken griffin, billionaire from illinois commitsare leaving in droves. she says we have a reduction but look at the some of these districts where they fed 100% increase in violence bid is are downtown neighborhoods where tourists go. or hotels rely in that business can lower tax revenue and tax base exists. they want to create a picture that's not real. people are in fear of their lives in the city of chicago that touches every neighborhood. it used to be concentrated southwest side mostly were african american coming out everywhere. you cannot go to lincoln park because he may be shot come he may be murdered. >> you walk in your brothers room, he's not ever coming back any of the mayor saying or making progress. only 12% of arrests last year. >> i am heartbroken, ainsley. my little brother will never be here again. but i have to fight. that is the only mauve motive i have here. turning my pain into purpose and speaking out about my brother. so many victims don't have a voice in the fox news family has been tremendous. thank you, ai