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Morning Wire

US-Russia Seek Peace & DC’s Housing Market Chaos | 2.19.25

Wed, 19 Feb 2025

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Russia and the US begin negotiations to end the war in Ukraine, the future is uncertain for New York City’s mayor, and thousands of homes go up for sale in and around DC. Get the facts first with Morning Wire.Balance of Nature: Go to https://balanceofnature.com and use promo code WIRE for 35% off your first order as a preferred customer PLUS get a free bottle of Fiber and Spice.Old Glory Bank: Go to https://oldglorybank.com/wire today to open your account and put your money in the hands of people you can ACTUALLY trust.

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Chapter 1: What are the key developments in US-Russia peace talks?

3.177 - 10.082 John Bickley

Significant talks between Russia and the U.S. take place in Saudi Arabia with the end of the Ukraine war on the table.

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10.542 - 16.186 Marco Rubio

The five of us that were here today are going to remain engaged in this process to make sure that it's moving along in a productive way.

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16.206 - 31.7 John Bickley

I'm Daily Wire Editor-in-Chief John Bickley with Georgia Howe. It's Wednesday, February 19th, and this is Morning Wire. The future of New York City's mayor is in question as the governor considers removing him.

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32.261 - 42.666 Eric Adams

Go back and do an analysis from the day that I was invited to what we have accomplished. That is my ability to lead through turmoil, and I'm going to continue to do that.

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43.647 - 49.27 Georgia Howe

And is the swamp drying up? Thousands of homes go up for sale in the Washington, D.C. area.

50.01 - 53.212 John Bickley

Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.

57.754 - 74.541 Brandon

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75.041 - 89.788 Brandon

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92.79 - 100.396 Georgia Howe

The United States and Russia inched towards normalizing relations and ending the war in Ukraine following high-stakes meetings Tuesday.

Chapter 2: Is the future of New York City's mayor in jeopardy?

213.82 - 226.117 Cabot Phillips

Rubio also made sure to remind Russia that if they agreed to a deal, the U.S. would be willing to engage in new economic partnerships. He also suggested Trump would be willing to lift sanctions on Moscow. So trying to sweeten the pot there.

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226.177 - 231.283 John Bickley

Yeah, indeed. Now, as we look ahead to formal negotiations, what exactly is each side looking for?

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231.844 - 252.487 Cabot Phillips

So Trump's goal is fairly simple. He wants Russia to withdraw their troops and end the invasion. But it's likely that'll only happen if Putin is allowed to hold on to some Ukrainian territory he's already taken, specifically in Crimea and the Donbass. Putin desperately wants to avoid coming back empty-handed and has made clear that he will keep fighting if a deal does not include that land.

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253.027 - 266.436 Cabot Phillips

Now, for his part, Zelensky has previously said he would not agree to any deal that allowed Putin to keep territory, but he likely won't have much choice. And there are those in the White House who believe that Zelensky is well aware of that fact, but wants to save face.

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266.796 - 277.664 Cabot Phillips

Trump's assertiveness here could be a way to do that, as Zelensky can essentially tell his people, look, I tried to get all our land back, but the U.S. forced this on me. At least that kept us from being conquered. Right.

277.704 - 284.828 John Bickley

Trump could be his excuse in a sense. Now, much has been made in Europe over the fact that these meetings did not include anyone but the U.S. and Russia.

284.848 - 296.075 Cabot Phillips

Tell us about those complaints. Yeah. Again, the White House says Ukraine will be given a seat at the table once the negotiations begin more formally. But Trump had a message for Zelensky when asked about the matter yesterday.

296.496 - 317.032 Donald Trump

They've had a seat for three years. And a long time before that, this could have been settled very easily. A half-baked negotiator could have settled this years ago without, I think, without the loss of much land, very little land, without the loss of any lives, and without the loss of cities that are just laying on their side.

317.898 - 334.541 Cabot Phillips

But while Trump said he's willing to allow Ukraine in on negotiations, he still says European leaders will not be taking part. Trump has long argued they've not done enough to fund the war effort on their own continent. And he's basically saying, if you want a seat at the table, you've got to ante up. And he's giving them that chance.

Chapter 3: Why are thousands of homes up for sale in Washington, D.C.?

586.792 - 604.126 Cabot Phillips

If Hochul removes Adams, former New York Governor Andrew Cuomo may benefit the most. He's seen as the favorite if he jumps into the mayoral race, but he and Adams pull a lot of the same base of support. So getting Adams out of the way would ease Cuomo's comeback after he resigned as governor amid sexual harassment allegations.

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604.606 - 609.61 Georgia Howe

All right. Well, that would be a very significant twist if Cuomo has his comeback. Tim, thanks for reporting.

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609.99 - 610.511 Cabot Phillips

Thanks for having me.

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613.675 - 630.163 Georgia Howe

Judge Tanya Chutkin ruled in favor Tuesday of Doge having access to key federal data, meaning its cost-saving cuts are poised to continue. Meanwhile, the efforts to reduce the size of the federal government are reportedly causing a sell-off in the D.C. housing market.

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631.024 - 639.928 John Bickley

Daily Wire culture reporter Megan Basham is here now with more. Hey, Megan. So we're seeing reports of chaos in the D.C. area. What exactly is happening with this real estate there?

640.595 - 659.661 Megan Basham

Well, you know, there's a number of data points driving this story. And I think we should start with the fact that since Trump took office, 75,000 federal workers have already taken the buyout that he was offering. And around 10,000 have been directly terminated. And then, of course, Trump has tasked Elon Musk with eliminating many more government jobs through Doge.

659.981 - 681.588 Megan Basham

So a lot more cuts are expected. And in that time, real estate watchers say that a huge number of new homes have flooded the market in and around DC where a high concentration of these federal workers live. So in the DC Metro itself, around 4,000 new homes have been listed for sale in the last 30 days. And that's well above average by nearly 25%.

683.348 - 704.12 Megan Basham

Now, if you drill down on the Virginia suburbs, that picture is even more striking. There, some areas like Fairfax and Alexandria are even seeing a 60 to 70% increase in year over year listings. And you have to keep in mind, yeah, that this is during the winter months in a housing market that has historically seen low supply.

704.681 - 724.573 Megan Basham

So according to Redfin data, the median selling price in the area is down 20% from November to February. Now, of course, some experts will say that that is cyclical. Homes don't move as much in this quarter. But even if you look back at last January compared to this January, you still find that the median price is down nearly 9%.

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