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-- Yeah good morning I'm telling -- in -- Lawrence Cincinnati this week thanks for joining us here -- in live we're talking all about small business today.
And if you check your calendar it's been about six days since that three hour freeze on the NASDAQ it froze more than five point six.
Trillion dollar as.
Well we're going to see if small businesses may have a solution because right now NIC and NASDAQ can't seem to come to an agreement.
I'm actually what -- not -- I'm joined by ivory -- care all.
From foxbusiness.com think your time today thank you for having me yeah great article on the website where you talk to small businesses and start -- about what they might be able to do to address this type of technology.
Snap -- So I spoke with.
Alexander -- -- he's a Ph.D.
A fellow at the institute for applied computational science at Harvard.
And even media fellow at MIT's media laboratory that I'm pretty Smart guy cat and he started a company called Kennedy.
Works on the software at -- in the artificial intelligence base.
That he says can actually.
Help solve the issues that we saw last week with a flash freeze companion in the rise of the high frequency trading and automation in the markets.
You -- he glitches happen all the time or miss communication is aware.
You know you can lose a lot of money pretty quickly and when you don't have to -- thumping that we all it's -- to -- it as quickly as it starts.
So what's it going a little bit -- what you say about why -- it happened was also prize.
He can't really talk specifically about what happened with the NASDAQ flash -- last week.
Bob Reich -- felt Bob -- felt sorry about that.
That CEO of NASDAQ spoke to fox business' list agreement has been and he said that it was just a glitch -- -- -- -- involved obviously as you mentioned.
Nice sea and the NASDAQ still haven't quite -- to I -- I've decision or agreement.
When it comes to what exactly went down but it sounds like it was just -- -- and when you're dealing with technology yet and England has had it -- computer knows.
-- happen all the time.
So what are proposing water somebody sent up saying but what they can do to prevent this from happening in the future I know the you written a little bit your article about.
Fiber optic cables in different ways that people can build faster more reliable technology so many companies are.
Focusing on -- fiber optic cables as a way of providing even faster communication.
High frequency trading -- all.
It's time who can get CDs little -- nations and races.
I even pastor milliseconds.
So I -- optic cables are one way of providing communication and that's you didn't fast back.
The company that I spoke with -- -- -- bear focusing on software that can really.
Help markets or government agencies.
Figure out the best way to handle these sorts of situation where there's a ton of automation -- you don't have unions for there to say okay.
We're going to slow this down we're going to -- this -- -- that artificial intelligence software basically helps you.
Figure out the best way to keep things going in without having to take everything out.
So -- some Germany's main competitors are they really pioneering space this isn't really a pioneering company.
He worked with hibernian networks which is one of those companies that provide -- Fiber optic cables so he is at the forefront of this yelled.
But this is really -- -- space -- as we can see with high frequency trading.
Which really gaining in popularity through the nineties and through the early two thousands.
This is a new field so that future is really being ready and right now.
With regard -- you where science we'll take.
We'll certainly and there's a lot of different events that have contributed to this becoming a very important speech that.
Where there is there is some demand we had the flash crash not too long ago and now we have this and you what are some of the problems that.
I'm -- might be anticipating.
To seen the future.
Absolutely -- He says that Kennedy's software which is called and -- has a variety of applications.
Both in the government's space.
And in the financial states so in the government states that he he has a video online.
That's very interest thing he shows how.
You could use -- -- figure out.
How to move -- -- around the world so it's so a lot of very interesting applications -- this artificial intelligence software.
I had a very interesting topic and because you think artificial intelligence anything.
Robot many over the world and he said that you can actually build this software Q do you know eat well.
Which is really -- incarnate.
Is that he said that the software is basically at built to mimic the way that we want you -- -- you.
React to crises that you -- but the best practices.
Built into the software so that reacts the way we would want to.
Now how do you think fit people.
In the marketplace that companies that are -- on NASDAQ -- feel about something like this and you cover a lot of different small businesses and big businesses what do you think their reaction to this actually going means stream would be.
Well I spoke with.
-- -- who is a senior analyst analyst at the tap group.
Studying the markets and he's that high frequency trading -- -- nation.
It's a way of life it's a fact of life -- -- and we're not going to be backing down going to be getting any slower in the market.
They need for speed is here -- this day.
So if they're software that's being built that can provide a safer way to conduct business on the markets companies are going to want -- Except that software and are going to welcome.
But it's all about providing safety because these flash -- says.
These -- -- very costly as -- signed when he twelve with Knight capital.
They're technology which costs the company 450 million dollars then know that little.
And in -- -- exactly how long do you think it will take for more companies are joining this space and become more common place I know.
I'm just thinking about like mobile phone technology and how.
Now there's more more competitors in the anti virus space is not just look out anymore and companies like that.
I wonder -- also applies to this type.
Technology absolutely the fiber.
Optics space it's becoming more crowded as companies I've -- he would find the fastest way to transmit communication.
And Gemini and I'm sure competitors are.
Racing to come up with bill latest technology when it comes artificial intelligence it's a very cool space will be watching it.
Of red foxbusiness.com.
And we're excited to see.
What the technological improvements will be in this beyond.
Thank you so much for joining it's really -- -- all watching this for -- You can see -- browser art call at foxbusiness.com.
It's right there in your screen at the outset -- racing to offer markets.
Speed insecurity some very great reporting thanks for trying thank you for having anything.
I always -- quick break we'll be back after.
Welcome back at BMI I'm telling -- in -- Lawrence and that it is and a nanny this week.
Now really see needless top ten cities to live and top ten cities for business well today we're going to talk about the top ten cities for small business.
As rains -- your wallet taxes and we're joined by.
Dana alignment of nerve -- -- she's here with us the -- Skype face so much for dry night.
But -- didn't and I would OK so would run through the top ten cities there's.
Obviously I have a lot of inches in places here that you may not necessarily think -- especially when it comes to taxing me kick off with.
Austin why I've -- come out on top.
Loss known as Adams.
You know that tax cut us in the silicon valley of the southwest.
You know download enhance my current race is IBM and -- their home there a reason it's sort of top ten -- my -- number -- music because.
-- as a -- -- -- or easily licensing requirements which is the most completely -- as steady as well as a -- cities and.
It by what it means -- -- -- -- all reported that it at all.
OK that's great -- -- also very cool -- backs coming in second is also another cool one if San Antonio.
Ranked number -- -- into income taxes it really 0%.
Unbearable won't -- local into income tax really is zero -- which it must be great for small businesses.
Walton I think I don't know if they incorporate.
And helping them.
Okay but competitive but not this individual is -- -- with filing that they felt I had.
So did you would not incurred and -- -- or.
Well -- the city from opposite my I didn't follow that active duty or.
Yeah I'm working on back home and I'm hoping it -- -- latency requirements I think we wouldn't forbidden -- -- or.
Number of regular quarterly from an environmental.
Oh I see that the license friendliness rank is number wine -- now won't won't up about still another.
For San Antonio another the next city at another Texas City that I did Dallas Fort Worth area tell about why that's so great for small businesses as -- looking -- -- pretty big population a big city here.
Well how old Obama -- -- pot this cousin a very popular adaptable but a lot of went from 500 companies.
Now that that's not -- people -- actually well.
Only 200 motivated why we'll process we couldn't be done friendly to small business -- -- without forward.
You know what I'm not going well on the property -- it fit but is going to -- -- -- -- them grow and profit from them on hunger than they did.
And morality only.
-- I wouldn't.
I don't know how it did have made a commitment to keep my -- -- I don't it inevitable that if you -- Other -- I think -- that small businesses.
And so we're going down that list number four is -- -- Baltimore Maryland and -- I want it to number.
Five he's syntax says that that's how that I went to school and it's one of the biggest.
Cities in that country you wouldn't think of it as a place that will be great for small business given all the competition why you -- at number five.
-- -- -- Very yeah I was that in itself is because of the credit program scores won't top the of the crime -- is that I my.
The Clinton wouldn't -- -- -- And I'm the -- upon.
You know it.
-- hybrid entrepreneur with me but.
You know all of that -- ground in terms of mom -- -- It's about Carlton.
You know I don't have to content and -- -- -- film content and happy to -- how about that the market it is our moment opponent make them Monday.
It has beaten the demographic.
-- -- very important.
Absolutely number sixty go West Coast fan as -- California -- local income tax to zero over that city property tax only one point 27%.
Growth rate ranked number why now what -- me -- so right for route.
I'm pretty much movement they pop the world and in the note to his son because of -- and what the Silicon Valley entrepreneur and have certain.
But I hope when monopoly -- -- and from our perspective on the corporate ornamental small logo it is -- an entrepreneur at heart about.
It is -- -- network with fiber content and other small businesses.
Hope we're not working and how long development perfect consistency.
An important factor on -- -- -- society.
Insisting stuck number seven Charlotte, North Carolina what I find interesting here is the growth rate -- it actually.
Eight license friendly witness number ten if you're looking to get a license should you be avoiding -- -- Carolina I wouldn't.
Avoided at all and won't be in the final word among the flag -- my phone other news but people that are appropriate for -- -- -- long term this -- -- -- that -- -- are upfront cost but it -- much.
I thought -- -- operating however I'm confident if it is more important.
-- -- it won't be in a much different product like iron.
-- -- -- -- -- -- There's nothing about it and he didn't -- -- -- -- though it scored very very well offer.
This is another consideration.
I didn't do what is appropriate how do you believe -- moving.
All right number nine I was I number eight -- Indianapolis Indiana.
Local income tax convent.
Just above one point 5% city property taxes about 3% growth rate isn't ten.
Licensed friendliness does -- better than Charlotte they're coming in at six what -- this community so welcoming to us small business Dana.
I would save.
It's going pretty well on.
Good that it would.
-- wasn't didn't part of the war.
Improvement and I won't.
According to 7000 businesses in the -- unpacked about that -- survey.
I think -- level Indianapolis.
-- -- I think about tomorrow at three out of 50 what we are confident are not fun but I did not final soleil -- -- me.
It's not enough in the -- that have affected it -- luckily it was able to differentiate itself implanted in the light at the end that didn't get.
And I think that he across.
There's a lot of something I'll let you know how what are we want to be physically -- the people -- -- well.
And it is possible to -- on the pulpit that we're talking about.
Number nine Jacksonville.
Florida of their local and -- -- again is 0%.
Licensed family -- rank -- -- city property tax one point 8%.
Growth rate rain is number fifteen.
Jacksonville Florida strikes me is somewhere where -- -- a lot of young people -- necessarily want to move and maybe start a new business.
Why indecision and why did make and your top ten.
IE how 800 C it performed pretty friendly -- -- -- and Florida doctor Leo at the end compact like tactic in America practices at the end buffalo and over I'm from -- you know -- is unemployment possible.
For all of -- Jacksonville.
Does pretty well.
Different attack against -- you know that.
Four out of it it variables like that that are worth -- it -- it does pretty well on those even though it is not a friendly and from the grocery and attracting young people.
But I think that you know cardinal that would he hit -- -- that this is very important.
But it is the ball company opens hot corner young people will walk about -- is good job.
Absolutely you know hopes at number ten and a final city on our list it's Phoenix Arizona local income tax there again 0%.
City property tax one point 3%.
Growth rate -- at sixteen and the ranking.
And licensed friendliness rank is number nine.
What needs in Phoenix Arizona a popular place we know that it's not exactly close -- other metropolitan areas is to say a lot of the other cities that you kind of let.
Yet and -- even bit a bit of a tough spot -- -- here you have that Hyundai which is you know an attack it also in the air.
Aren't infected with -- -- -- -- -- those it would no longer than what we've been for the last.
Where where -- not believe that only a small businesses however from a movement.
But encompasses the book black hole that -- there is a life you can't believe.
It doesn't fairly well it is not you know as great in terms of growth rate because -- -- he -- it it better to be.
-- in the -- California infected but they have made a concerted effort at the local level to make it easier for businesses open and also quite Arizona are only -- Environment is a huge -- here.
Why I have to ask you -- here's someone who's unemployed looking to work in small business or start a small business.
Say -- 25 to 35 -- forty years old.
-- -- recommended that person.
All these tent cities and let's.
Well -- -- IE can't get him out of an MBA program myself so I was a graduate it -- looking for -- and I think if I want to get it right I think that there are often taxes or.
You know wanted to Texas City and that he.
Primarily because of the income tax issue you know a lot of it and I'm here who have debt and he didn't make it possible to serve their -- that they they don't have to help.
Relatively low cost -- -- and a relatively powerful pretty.
Like -- -- environment make it pretty easy.
The start of business and being one.
The -- however will be on you need it his opening statement.
You find the proper talent and networking opportunities that I -- a little bit more work but.
I increment regulatory standpoint it -- you know if it's the fact that.
Well -- outline of your wallet thanks so much great job with this study it's very interesting data that you back and check out.
The entire list on your wallet dot com -- on their blog.
Top ten best cities for small businesses -- an outline of -- -- -- thank you sound mind.
-- -- -- All right we're gonna take a quick break -- will lead back right after this with a very special interview with the founder of Clark's botanical Francesco Clark will be back in -- cement.
Welcome back I'm feeling heading towards many if we thank you so much for joining us we're joined by -- very special guest today the founder of -- botanical.
A pharmaceutical I guess it's it's a skin -- line and it we're joined by Francesca -- -- -- -- for coming in and of course thank you.
So I have to ask you you know your brand is very well known I have read about it in countless publications Vanity Fair and Mary Claire.
Harper's bazaar I mean you really have a very successful brands.
But of course the story behind it is just as important products why did you start this what happen.
Well I never.
I never thought that I would own my own business worse -- Caroline on eleven years ago I was working at Harper's bazaar.
And I was promoted and -- last day at work and it timeshare and Long Island.
And I got the house and there was a pool.
And I dove into the pool thinking I was diving into the defense but I don't think -- -- and the second that I -- been mentioned at the bottom of the pool in my head snapped back with such force that it shattered my C four C five vertebrae.
Which is about three inches above that little bump.
In the back of your -- As soon as that happens.
I was paralyzed and I knew it but if you're conscious -- a completely awake underwater I could see the bubbles floating up from my mouth.
And I couldn't do anything about it -- you thinking it -- -- kept thinking you are an idiot if because then I -- Authentication.
And great credit that yeah well you know I grew up swimming I know how to -- to a pool I ain't.
You know I was a boy scout -- know how to how to do all this stuff.
But in that when flash of life my entire life -- just changed with the -- -- and I.
I was brought over to the hospital that night and the doctors told me I -- and 81% chance of die that night.
And if they did survive it would never -- in my -- -- move my arms or speak because my left vocal chords paralyzed.
And when my parents showed up my mother looked at the end and Italian she says move something just -- something.
And -- -- -- -- Shoulder a little bit and she kind of just said you don't know my son to the doctor but that was one of those moments when I needed that support.
Outside family suicide affected the injury is not only could I not feel remove 98%.
Of my -- And his -- -- reacting to hot and cold.
So I don't sweat when it -- -- Because of that my skin is at least toxins like yours does.
And it felt like the perfect storm of anything and everything that could go wrong with your skin went wrong with my skin.
So we get acting on it would turn grain in certain areas but very -- almost -- positional and others.
It was clearly that -- -- in certain areas I'd try it 300 dollar creams ten dollar -- prescription.
Anything I could find and nothing worked.
And this is -- time in my life and I was doing about seven hours of physical therapy every day wow so.
I wanted to do more than just therapy and so it -- my father who's a medical doctor and homeopathic doctor.
And it's that you have to help me.
Look like myself again because -- look like.
Alf and look like you know that alien -- -- -- -- completely different than your old self I have.
And not even action in a room if there -- be windows in the room I couldn't even look at a window because I somber reflection I would burst into tears.
Because Hollywood notice where he's four wheels have been sitting -- instead of myself.
So I wanted to become more social but I wanted to become more more of an advocate for other people with disabilities.
In doing so.
Ironically the way that I looked became important for the first time in three or four years so I looked in the mirror for the first time and that's when I turned my -- And when it looked into.
And investigated 78 different essential oils and botanical extracts until we found Johnson an absolute.
And that's the basis for a -- the -- this.
-- -- -- -- The one particular.
Our pre existing.
Product -- -- sending you mixed in created and pat.
We I mean it and it's.
Solely for -- with chemicals and it's kind of the basis of the entire line because it's rebalancing for your skin.
And you're trying to -- -- -- and you realize that might have something to sell.
Are you know I had I didn't think I was gonna sell it I just wanted to look better myself I was selfish you know.
So we're making it in the kitchen and then -- -- entities that because she's a while for trust with some excellent -- -- sisters started to steal it.
And then a lot of my dad's patients who are sensitive to pair of -- -- we -- use and we don't sort of sodium and so -- in these ingredients that are too harsh from skin -- they started using it to.
So essentially it starts to spread and let's fast forward to where you are now you're -- very successful business that you're very well branded.
How is revenue how was profits and and what is the next step -- It's kind of like it pinching myself -- you just even asking that question because it puts things in perspective because.
We lost and Henry -- Al CO Bigelow and Fred Siegel three stores I've seen it yourself at the start yet now -- we launched internationally -- facing K in the UK.
Space -- the United States for an QVC about every two months now.
We just launched Japan and Australia.
We're going to be -- -- Canada and so.
Going global yeah we're going global well yeah congratulations I have about a million more questions asked you have fortunately our time here.
He's coming to an end -- the thinking so much for joining us -- are very inspiring story.
It's Clark's botanical did you check it out online -- has this story it's also online will be posting this video.
For you as well he can go back -- here it's very inspiring story that's only half -- the N live today will be back tomorrow -- that.
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