TRANSCRIPT:
NEWSOM: "Home values will start to decline. You’re seeing it across the spectrum right now, in my state included, which is one of the most blessed and cursed states as it relates to climate. We're on the tip of the spear of climate change. Simultaneous droughts and simultaneous floods. The hots are getting a lot hotter, the dries drier. You saw one of the most devastating wildfires in American history in the middle of winter in Los Angeles, in January, 100 mile-an-hour winds attached to fire. And as we rebuild, the number one concern people have, 'How do I get my home insured? And how do you get a developer to develop a home that can’t get a mortgage, which is required home insurance?' So, from across the spectrum, from financial risk to the issue cost of living, which is universal, to global competitiveness, this is a no-brainer. As I say, what Trump is doing is unprecedented in American history."