Money Matters – Cuba tourism


LET YOU KNOW AND SEND YOU A PUSH ALERT.>>>CHECKING ON MONEY MATTERS THIS MORNING, TOURISM IN CUBA HASN’T REALLY TAKEN OFF YET. AND WHAT IS THE BIGGEST FINANCIAL STRESS HERE IN FLORIDA?>>>JANE KING JOINS US LIVE FROM THE NASDAQ WITH THOSE STORIES AND MORE. TIME FOR THIS MORNING’S MONEY MATTERS REPORT. JANE, WHAT DO FLORIDIANS WORRY ABOUT MORE THAN ANYTHING ELSE WHEN IT COMES TO FINANCE?>>>BRUCE AND JEN, IN FLORIDA MORE PEOPLE WORRY ABOUT PAYING OFF DEBT THAN ANY OTHER FINANCIAL THING. SURVEY WAS DONE BY GO BANKING RATES.COM. NOW THAT WAS A BIGGER WORRY THAN NOT BEING ABLE TO RETIRE, PAYING YOUR MORTGAGE, RUNNING PAYING OFF DEBT WAS THE TOP WORRY IN MOST STATES IN THE U.S THE SURVEY TAKER SAYS IT SHOWS THE IMPACT OF THE DEBT CRIES EXIST WHAT KIND OF DEBT IT IS HAVING ON AMERICANS NO MATTER WHERE THEY LIVE.>>>MAKES SENSE, THAT KEEPS PEOPLE UP AT NIGHT WITHOUT A DOUBT. FLORIDA CARD GAMES CAN CONTINUE AT CERTAIN BETTING FACILITIES.>>>YES. LATE DECEMBER FLORIDA’S DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION WANTED THE BANK CARD GAINS TO BE THROWN OUT AT THE HORSE AND DOG RACETRACKS. THE COMPANIES THAT OWN AND OPERATE THOSE TRACKS FILED A PETITION AGAINST THAT. AND THEN THIS WEEK THE DIVISION OF ADMINISTRATIVE HEARINGS RULED IN THEIR FAVOR SO THE CARD GAMES WILL STAY.>>>THE OPENED THE GATES AND TOURISM TO CUBA IS SLOW TO TAKE OFF, WHY?>>>JET BLUE SUPPLIES IT FIRST FLIGHT TO CUBA TOMORROW THE CUBA MAY SOME DAY BE FILLED WITH U.S. BEACHGOERS LOOKING FOR A CARIBBEAN BREAK. BUT SO FAR PEOPLE NOT FLOCKING TO CUBA. NOW EXPERTS SAY IT IS REALLY STILL BECAUSE OF THESE LAWS THAT CONSTRAINTS ON CUBA’S TOURISM THAT IS STILL IN PLACE IN THE U.S. AND AFFECTING LIKE A BREAK ON DEMAND TO GO TO CUBA, BUT DAY THEY DO ANTICIPATE THIS WILL CHANGE.>>>HOTELS TAKING A CUE FROM THE AIRLINE, THEY’RE PRETTY MUCH CHARGING FOR EVERY LITTLE THING.>>>THEY THEY HAVE SEEN HOW MUCH MONEY THE AIRLINES ARE MAKING, THEY’RE JUMPING ON BOARD. THE FEES AT HOTELS NOW EVEN IN-ROOM COFFEE IS AT RISK. THE FEES AND THE SURCHARGES IS GROWING MONEYMAKERS, THEY’RE NOT LIKELY TO GO AWAY ANY TIME SOON. NEW RESEARCH INDICATES HOTELS IN THE U.S. WILL TAKE ON $2.5 BILLION APPROXIMATE IN FEES THIS YEAR. THE GOOD NEWS. IF IT CAN BE CALLED THAT, AT LEAST THE RATE OF THESE FEE INCREASES HAVE SLOWED DO AWN LITTLE BIT. BRUCE AND JEN.>>>YOU KNOW WHICH KILL ME THE MOST, FIRST OF ALL THEY CHARGE ME FOR A NEWSPAPER, I DON’T WANT PRESIDENT YOUR NEWSPAPER. AND NUMBER TWO, RESORT FEES, I’M NOT USING YOUR RESORT.>>>THOSE ARE HUGE CONTROVERSY. I STAYED IN A HOTEL IN PHILADELPHIA AND SAID BECAUSE IT WAS FULL WE HAD TO PAY A FEE, IT WAS $5 AND I COMPLAINED ABOUT IT AND GOT IT WAIVED.>>YOU KNOW THE SECRET.>>WITH I’M LIBELING REALLY, IT IS FULL SO I HAVE TO PAY A FEE.>>Bruce: THIS IS WHAT I I’M GOING THE DO NEXT TIME. I KNOW JANE KING. TAKE IT OFF.>>I DON’T THINK THEY WANTED TO DEAL WITH ME.

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