Capital comes where it's treated well and they've got y'. All. Street and businesses are booming here. I mean, these are really Americans. California is just bleeding Fortune 500. Companies, executives, job creators. They're going to states that are more hospitable. At the same time, Mr. Secretary, inflation and the cost of living is weighing on Americans. (01:09–01:19)
CLAIM
Asserts that California is losing Fortune 500 companies and executives to more hospitable states.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.