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The Money in Boats and Helicopters

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  • Description

    FBN's Cheryl Casone breaks down the value in the boating industry.

  • Duration 2:49
  • Date

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This transcript is automatically generated

Pretty big numbers there in terms of the the -- economy I guess you would say is the Coach has gone on.

In Miami -- to Miami international boat show Cheryl Casone -- out there.

Cruising around for us and joins us once again -- Okay cattle well good morning -- you and yes we are on the ground once again and Miami we're live at the Miami international boat show you got to be -- city of -- behind do this as the sea -- marina.

This is where the biggest most expensive -- they're going to be sold today.

Our big display we're gonna -- -- those guests later on today -- gonna give you the sense of what the boating industry.

-- -- the helicopter industry as well means for the city of Miami because.

-- -- have a sales talked about this earlier up about.

About 10% last year.

I hit the biggest sponsors of a country that HTT progressive insurance their name is on the boat show.

A lot of big money customers that are walking around looking to buy these boats a couple of -- It's a thirty billion dollar industry particular the economic value the budding industry.

Is important to the US economy but -- visitor in the Great Recession the company the companies themselves.

Saw big losses there's also a couple of things happening Fisher -- regards to.

What was solid that this -- that negotiations a lot of these more high income aren't there were they speaking with throughout the day here on Fox Business.

They're paying more taxes they're tax brackets all went up these people are telling us that there I'm cautiously this year about what they're gonna be spending.

On the -- they bite that's -- -- one of the things that's great about the boat show is that you can see behind right now we're -- don't win for our next it but.

You can see all of these -- -- there are crowds of people walking through on each slipped.

Of rahlves yachts are right now and there are going through the looking at prices horse power how much gasoline.

Does the eight or diesel didn't do these boats used at the cruise around right now this -- -- prison tonight -- 380 horsepower.

I -- that the two miles per hour we're we're just gonna take -- a leisurely.

Instantly usually a cruise around the -- we're gonna head back and we -- let you know that coming up in the next hour of markets now -- this is David -- -- -- determined.

Of -- we got the most expensive -- biggest boat multibillion dollar not hit its high the price yet.

He's going to be coming up but the big news show on markets not organized that you with him about exactly those buyers and are -- holding onto that wallet or not -- Milan this Kutcher and I might be a little bit nervous -- I know you understand that obviously -- zero will be talking to him in the next hour markets.

Now yeah that's me in the market for one of those we'll see how much some curious to see how much that -- show Casone much more to come from.

Miami let's go back to the.

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