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Haven't -- perhaps what are we foxbusiness.com.
It -- so I'm rather it.
So what is the most news in all thrown up with a and I NASCAR because I know nothing about -- threw me off looked meal and then.
-- a think a lot of the world watches NASCAR I think I'm me.
And then on tell he was this -- -- NASCAR has been as much as it's grown as a sport is still not that hopped it.
It just the general public out there they don't know that much about they said second -- to the NFL.
All -- believe that an in person it's ridiculous and you go to some tracks like Daytona.
People there Sunday saw not insomnia some people.
I know about.
I don't I don't and I -- you that we -- but this Saturday we that we talked NASCAR on our Saturday -- imagining it down we had -- you we had jet -- statement Dow.
Knows more NASCAR than any person should.
Yes she has a lot -- -- seconds -- a -- -- Virginia mistakes like me from Georgia you know we should be at Sonoma NASCAR.
All I wish I -- my eyes and in would reappear.
Bristol or at Loudon or some NASCAR track because right now we're down a 155 points or screaming lower.
We aren't into points when I first got in this studio what happened.
This -- where did you -- up.
I know you don't want to be bears today but give me one good reason why we should be out now we're talking about China tightening the world is coming to an end.
I was gonna give away -- -- what caught my eye but that's probably why the market's down if I tell you look up and I I it'll explain why the markets now everybody's morning.
Something that all of that's -- -- for local violated Thompson wanted to see it chief investment officer -- Advest Group once again.
On now that it's he's miserable we're down 160 points today this on top of being down about 300 points Thursday Friday combined last week.
I was feeling -- -- going to be bearish for -- Tommy before the show starts and also bearish I'm not so there.
-- that why are nothing over something I got -- awfully hot hot head but about -- I.
Yeah as it could step in your life right now what we -- what do you look at that's making you feel more positive.
I think that you have to look at the -- And look at the front page of the New York Times the front page of the Wall Street Journal the front page of any newspaper today and it's it's all about the -- And what that suggests to me.
It's kind of like the time magazine when you're on the cover of time magazine -- it's an old story -- yeah -- and we may be getting close to the end of this year attraction.
But is that -- -- dead.
Now that means that we quit speculating on.
So maybe we start speculating on the long side rather than short -- What does that mean for us anyways on the side of the Atlantic -- what we're really -- the Euro is tanking relative to the dollar so that hurts companies like -- to do a lot of business in Europe but other than that why do we care so much.
We only care because some of us go on vacation to Europe.
Right and -- -- -- We at the margin will start losing some export.
To Europe and competition.
But what we're really worried about right now it's contagion and how you have if something's going on in Europe that's bad that's gonna influence someplace else because we were cross owners of all sorts of different -- that process.
And then I mean they're biggest simply.
We do a lot of business with -- people need to understand that right it's not just China everybody resumes.
-- it's all about China but Europe plays a really big role in our markets so I think it was somewhat of speculative fear is -- a good way to put it.
That that in on this you know we're we're just now getting over 2008.
And and what can happen what happened then.
What's gonna happen now we had a thousand pt down day two weeks ago.
Is this going to just going to be more of a regular occurrence -- because somebody decides they're they're all somebody meaning the algorithmic traders are gonna stop.
Treaty so you think people are still nervous about that I think the barriers.
Really and that's why did maybe putting a little -- any cash putting a little more on the commodities taking it out of equities but -- -- the bonds but he did in the dollar.
But in -- -- put in the dollars put it into.
Real assets yeah.
A mattress is a real asset as well -- -- so what what we're seeing.
Please we haven't seen up until today was a pretty decent link between commodities and the dollar in particular gold.
And the dollar the dollar we can -- went up.
Now we have the dollar up I think quite strongly today that when I before we got on the set the Euro was 123.
Even on most of your weirdest.
And we have the Brussels meeting today so something.
Something has to give out of you're in terms make instead of making policy statements they have to actually not just make a statement -- -- take action with respect to the -- I think that's a government -- is that -- these so called austerity plans and you write the Euro said dollar 23.
So you have you know all these nations that have to make changes to them on eighteen mile -- they wanna take CS they don't want to have to.
Not get all the benefits they've been getting all along so.
Where does that leave us.
That leaves us with good have to change where it's not just Europe and the Americas in the same boat not quite as bad but -- -- dead is certainly GDP.
Is around 10% in.
Greece is around 13%.
Europe as a whole -- much better off financially than we are.
I think that -- the austerity is just a function of of not just abuse was the function.
Of age and for the demographics throughout the world are leading us to a much older population.
More dependent on on social.
Welfare packages if you will and fewer workers.
And so you know that it's becoming a very big burden on on our society.
Do you think that you're -- Union or that nations in particular the countries that are in trouble Spain Greece Portugal using they can actually make those kind of changes.
I think they can.
Yes and a lady and -- we're we're in Greece about.
I think -- -- February meeting with officials there and what they were telling us is that one for the first time.
The government seems ready to make changes and -- they think the people are actually ready they may not like it.
But they're ready -- they know that they can't keep going on for you right up to tell you little story.
I was talking with somebody increase.
A week ago.
Who said things are horrible horrible horrible they've that they've cut my pay from fourteen months to twelve we variety.
And I said patch -- beach house but.
This is -- -- still building yeah.
And in so.
So you're talking in it parts of your you're talking societal.
-- -- about.
It's it is commonplace to.
It didn't -- It's common practice to protest with guns and bombs.
In Bangkok you -- so it's kind where you are what does that really mean it's and and -- would be nice frankly if we had some protests here.
Is a lots of things that we don't like but we just suck it up.
And is also the of the protest the violent protests were.
No protective with the protagonists where Communists since we have some very small portion of the overall people who -- -- protests and whatnot so wanna -- this side of the Atlantic real quick.
What -- you -- -- -- you -- able look at stocks and look at equities and say their little oversold here over the last couple weeks when -- are picking up some names -- maybe some sectors look at scenario.
So I still think that that that equity market isn't in good shape.
Primarily because interest rates are so low and the cost of finance and corporate America has been cut by more than half over the past year half.
So that the cost of borrowing in the corporate bond market is quite low.
Interest rates in general are quite low.
We have earnings -- seem to be quite strong we're starting to see employment picked up again we've added more than 500000 jobs in the last three months.
These -- positive things.
The Federal Reserve is -- gonna raise interest rates any time soon probably not even this year yeah ECB's probably not gonna raise rates at all.
Europe is going to be a beneficiary of the week -- At least at the margin so what do you like.
I think you like infrastructure plays globally.
So that's -- -- -- caterpillar Eaton U.
You have to like financials.
You have to finance your way.
Into growth elective regionals -- the big banks like the big ones and the big ugly.
I think you're supposed to.
-- some form of apple Google him and his nickname and -- it's -- got to get better of -- but you also have a products.
More entertainment okay.
You know that's.
It's easier to read papers now because you don't need to -- and he can you can read it on your iPad.
And it's easier to read books you don't have to carry those things around anymore just carry your nook or whatever.
Yeah there's so how -- we -- how are we transforming.
And and entertainment.
And it's a it's a big.
Change that we're going through and I'm not sure who the winner is but we know -- some of the participants have to be.
Tom you're awesome and it -- I have even and you know I -- of.
I've already had to say we've seen so that I said look Tom if you're going to be bears today I'm just not Angela take it because we've had so many bad taste.
Today but no he's he's -- plywood is blocked out and Ian Thomas had a great -- and had to deal.
I got so I take it even does -- -- down in that group thanks to you think that answer your tight matches your eyes perfectly and that's about it.
It was important.
That we'll use full -- didn't think I am I -- I can't -- I have hunger prop guys out well that.
-- that tight pants and white and mean you're.
I -- -- talk about how precious metals right now.
-- -- -- -- -- -- -- -- -- -- -- -- The once I would a one track minds we're talking about precious metals gold silver and and you say -- annual -- hands ripple across states.
I didn't hear a dude at the end of that but he was going to say that if we didn't interrupt them.
Will will ride is here as a strategic director -- TF securities.
Joining us and the reason why we bring that up about titanium and lacrosse sticks and whatnot is because we're talk about precious metals right now.
And why they have been so popular will and will just the this space in general continue to be.
-- -- Well this ought to do know a couple of years ago.
And when we have the financial market crisis back in 2000 -- A lot of people -- talking about do we need some kind of world reserve currency alternative to the dollar.
And it's good that results and a lot of people diversifying particularly central banks into euros.
And it's the last a couple of years -- recently had a situation in Europe -- that doesn't seem to be so viable anymore.
So now central banks and stunning diversifying out of euros and into goals.
First quarter of this year we -- very strong buying from central banks which previously have been net sellers of gold.
This is very popular and now Walt we've seen as an emerging trend is with the gold.
Bring itself to the full front as now -- world was currency.
And it's breaking out against all major currencies of the -- of the British pound the Swiss franc and the Europe.
But it is that because it's worth it or is it because.
-- -- average -- jumping into it through ETFs in the ETFs are pushing the price -- What think it's because did if you look at investment demand for gold that still roughly about 30%.
40% of a -- of the -- not it's not massive.
The biggest contributors still jewelry demand and then holdings from central banks etc.
So we've seen the investment -- -- gold naturally increase as.
Investors of rebalance portfolios and tried to move away from the traditional mix of just equities and bonds and getting more into it and precious metals through ETFs like -- -- well.
But -- -- -- this trend for precious metals investing is here to stay as people look for an alternative to paper currencies.
How do you differentiate between the TS that you mentioned as you well -- GOP is another one that's out there how do you differentiate between which one you want to be in vs another woman is not a lot colder right preciousness.
Well I think it depends on what you want.
As an investor because on the surface of it you know you might be right thinking that a gold ETF.
Tracks that the price of gold.
However there are some important considerations such as you is it physically backed -- doesn't stole physical bonds of gold or doesn't just hold futures contract ends.
So -- you well which just apps to be each -- physical gold the one that we offer.
Is backed by real bonds and gold physical gold -- uniquely stored in Switzerland.
So that's the only -- -- TF that schools it's gold and -- -- and -- very good reasons for doing that.
OK let's move away from -- them because -- blown away from the -- article.
I'm -- didn't it.
I still I still still in Switzerland in any kind of got.
That's gonna be able to use that as a door stop I -- no I just I'm not buying it but but to our west manager Brian I don't actually tourist season -- point.
-- he immediately says more usage am -- right.
You across that titanium and it platinum what are the other metals -- they don't get as much play as cool.
I mean I'd argue that platinum palladium -- -- a huge amount of press recently.
Silver is probably.
You know the you always a bridesmaid never rock and roll back story -- and -- it there's a lot of talk about so look -- that's done quite well recently.
But platinum palladium is -- huge talk about because the main application for both platinum palladium was in the automotive industry yeah Catholic converts -- So where we had today a terrible situation with the car industry here in America.
Then did the moms for platinum palladium seemed to have -- really disappeared out the back in 2000 night.
Has now -- global recovery things done to pick up again shiner overtaking the US's largest -- market in the world.
All these things start look a bit more positive and -- platinum palladium done very well.
So I have played even get a lot of press and again you can played out through TF such PPL C -- -- LO.
By real equipment it's got a few more seconds 1250 announce about I think last Thursday or Friday nominal all time record.
We continue to go higher because I think people like gold and -- are missing video -- because he just has such Iran.
I think there are two ways to look at it I think that if people think that the recovery is gonna get back -- Then we've seen more contrast in platinum palladium because they have high volatility.
Of -- she can respond bad attitude to these conditions.
If you think that things are gonna get was that the European situation is gonna to generate.
And you'll -- gonna get more buying from central banks and more of a flight to quality vehicle -- gold is is a good place to be right now.
-- Ryan thanks so much for playing on thank you so -- -- and technical book.
You -- -- can't say something well actually first will run -- -- free TF securities again thank ambulance from that that they -- it make you laugh.
You want to know and anybody from -- can understand what about the -- where my senior prom was.
Oh boy -- palladium.
They'll hit -- up up up up.
That's -- sensors -- so Jersey the palladium.
Cracks me up I -- -- Iraq also -- call my guy radiant Nancy was -- the palladium might have been the palladium.
It's below sea was that BA Asian American Pacific islanders summit all over the weekend and she's talking about the Health Care Reform bill said.
We see as an entrepreneurial.
Bill a bill that says to someone if you want to be created to -- -- musician or whatever.
You can leave your work focus on your talent you steal your passion your aspirations.
Because you will have health care that's it.
My my my dream of playing o'clock -- field I'm leaving simulator and.
Yeah yeah yeah.
At least not -- can't.
Kids -- -- the -- steers it I know exactly where he's off to do buttons feel that continuing.
Engineers here apparently knows what it is I don't know what it is it's like it's an instrument -- at the clock isn't it's still hard it must be -- it's it's it's now it's -- it's the it's -- backup I'm now.
It -- dial the phone might get to that article that said the big clock over and come back -- -- -- what.
-- -- Lot though that the clock in.
The unit begin -- the -- in Munich o'clock PH BO.
I think and -- -- -- -- And I got a -- on the same I feel like -- -- Jersey Shore.
A cookie and lets.
-- -- -- I I -- And -- that's good to see him we he'd only taken over for human whole body goes.
I don't actually finished -- What crop land we should do what's up so she's basically saying that you should go to all -- all.
People out there follow your dream that's really what it is don't worry about having to supply just embrace anything right.
You know the worry about the support itself you got -- covered Sistine Chapel because we will cover your health benefits at a minimum rent and agrees that's right yeah that's -- It's -- it's it's it's getting toward the former so you know Soviet socialist republic is where it's -- that was the worker's paradise you're right of course workers there -- you can -- blockage deal.
You can play -- that good -- any other instrument you can one.
Bombed Adam Shapiro asked me to -- Greece.
Got in Greece doesn't the blame game continues over the.
Papandreou have we'll get -- he's blaming -- -- pointed the finger -- was on CNN yesterday and he said you know.
The Greek parliament has a preliminary investigation under way -- he was using the word victimization as if US investment banks and other banks commercial banks although these days their -- won this -- -- because you know Goldman Sachs and more -- -- coming -- surviving.
-- commercial banks.
Saying that they're being investigated for possible criminal wrongdoing and for quote victimizing -- regarding its debt issues.
Similar thing you know we have the Justice Department and the United States looking at some of the large banks on Wall Street for potentially misleading investors.
Into the the products they were purchasing from say 20022008.
But in particular but I'm gonna read the full quote actually I don't know if you guys I apologize -- -- -- sent through the quote from mr.
Police said was he's talking about victimization possibly taking legal action civil or or even -- criminal action against.
US banks and he said this is the full -- read it to you.
Because really what's going on has a lot of politics the guy's got to save face with his own population because there and putting in those austerity measures for the great.
Quote in 2008 we had actually the government's coming in to bail out the financial markets and the banks they had to -- huge debt the government.
Very often for stimulating the economy so that we don't go into not only -- recession but a deep depression.
Now you have banks funding hedge funds that are actually betting against governments that actually help the banks.
Well there's nothing illegal by the way there's nothing illegal about shorting.
You know who the credit default swaps that that institutions have taken out to try to protect themselves from a Greek default and so mr.
Papandreou may be -- at the same tree that the Justice Department in the United States is sparking -- to the Justice Department -- investigation.
-- that's illegal what they're looking at as possible misrepresentation.
And but basically what -- is saying is you sit and shortcuts.
Even our debt stinks and you know we really are gonna have to restructure but that's my.
That's an opinion statement you know the Greeks they're gonna make their first payment on.
I've been -- -- these feelings are her extensively well he's not saying it again to your point it's not illegal.
He's just -- -- -- bad PR like move -- -- our back yard for him being one billion good eye on it but it's bad that people -- in this country.
It's very bad but -- why you know you -- there's a truth about people who short equities and people short bonds you know they're they're calling out liars that call about what could potentially be a very bad bet now on the other hand that's not so yeah.
Abroad did get manipulation -- could be manipulation at play here but on the other hand you may have people who are yet and that's what mr.
Papandreou is worried about his.
He's somebody behind the scenes George Soros.
You know it's fun but it I think that came out there sort of is not connected he's -- as far as overlooking that if -- shorting the Greek debt why.
And they're being funded by banks that were bailed out by a governments worldwide.
Now what about a lawsuit here I mean because I saw I lied about it I saw that he he didn't rule -- Suing that the American -- -- -- that where we're headed does it.
Eagle look at his if his cameraman to be his -- I mean what if what if what it -- it it's the same as what you've got United States a preliminary investigation it's just that we're looking at.
But you know they could be looking -- god knows what they're looking at.
The Greeks have jurisdiction in their own country but remember too that the institutions are talking about on Wall Street our primary -- the primary dealers.
And they're required by that -- is to trade in debt they they have an obligation from that that that that.
My definition but by that designation.
They are the organizations which sell and buy and trade and make market for countries in Europe.
That want to raise money IE by issuing bonds by by taking on -- so -- this is -- hypothetical let's say you're Goldman Sachs.
And -- Goldman Sachs was very involved we've the Greeks and raising money throughout the last decade.
If you're Goldman Sachs and your obligation as a primary dealers to.
Raise money for the cut -- explanation the ball pretty supposed to do say no we're not gonna do this for you I mean.
We're required to do this -- secular yes Andrea thanks to be honest you'll exams you're -- does not match they have been in the and both should be brown we.
Thanks to our cracker Jack staff now have a picture of the weapons last estimate there Chris Cotter is leaving to go play well it's easy if they got a picture because it's right of the green and I'll just plain.
A couple of things -- closed down -- earlier Dylan yes does it sound like you know gung.
And I'm hopeful that the -- -- Greece remember Houston played about divorces and dynamite in all in the middle like that they're not yet is that is that.
We're up to they would make that sound with a -- and feel yes those we got to quickly go to break as I gotta get my fix on.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Some people understand that part him.
I got a 130 points for you know -- here because it hasn't been good although you know we -- down just about we were screaming look at the start of the show we want from.
Down a 102 points the down -- 160 as you can see by that grass right there in no time so we're we're now or he may be stabilizing a little bit down here on -- And he -- -- down I mean we actually had pretty decent news from GM not that that matters in the market at all but sentiment.
But the -- -- market volatility back and you could argue that that's part of what all this is right there's fears intensifying overseas we hear China's tightening now in China -- what does that do to our multinationals.
-- -- Charles -- maybe you can answer that tells -- here with us.
Well done this morning on -- I think the -- -- -- Stuart Varney C this morning.
Nevertheless telling you know why it was hard because that you guys and I got minutes that he's very nice although I know youthful than when you say that that you know -- -- -- -- signing.
Say when this bomb election he was a five market -- first I want to do with -- here.
I -- -- gotten -- no problem because I've got I want to 2000 part of the family so he can hang.
Active outlining your thoughts on this whole thing so -- so our -- downloads lows down got to talk about it because it's -- -- -- on the way to work in the morning.
He got good weather you got government rebate programs -- -- -- -- they actually did well profit came in two point 7% better than expected.
But they gave -- questions outlook and you can't expect them.
Umpteenth time we've heard these questions outlooks and you gotta wonder and managing expectations -- you know because we've had a budget -- report good numbers and still say we're not really sure I I kind of feel like they're saying just don't count on this next quarter.
Look apple sandbags every single quarter you hope that that's what Lowe's is doing and when they come out their number a score the blowout in the part you know I mean just hope that that's -- -- -- Like everybody else this quarter.
You could have a good quarter you could -- top and bottom line if you don't give us guidance we're gonna sell you often they were down 4% earlier that your down even more right now.
Right and that's what we're seeing just about that's on the standard across the woods -- are the Biopharma here's a little Biopharma.
They reach an agreement with US health regulator on this design child experimental treatment drug for heart failure.
And Biotech lottery ticket money gambled put up about 18%.
-- -- I love this 52 week -- the Apollo global management buyout firm.
Said -- -- -- and it acquiring patsy patsy makes hefty bags hefty hefty hefty -- I think he's thinking thinking.
And I dumped potentially.
Market cap of 3.2 billion patsy would be among the largest Leveraged Buyouts in the past years that would be good to see little activity.
Drickamer -- Britain partners we talked about earlier the shares.
Soared to the moon they agreed to be acquired for 4008 cents cats.
By UK hedge fund man group that this would create a firm with about 63 billion dollars in funds under management under now -- -- -- group.
He's not just it is hard to say I'm part of the man group.
Thank you handling -- Newton -- that reminds you.
Info logic you when your biggest market gainers today -- the board info logic and Samsung Electronics.
Actually gonna collaborate on Mobil managed services eventual combined Samsung mobile -- With simple logic.
-- wire wireless monitoring device management things like that -- this.
-- Marriage should speak.
Stocks in biologic at least at 77 person she CM and -- and actually it was across the board -- chop -- thus -- when I left my desk earlier.
I -- we got to come back to what I was saying earlier about.
China tightening threats of China tightening.
Threats to European contagion I mean.
You know ever likes to say that it's not getting it is here but I got to believe this is why -- -- Well you remember before -- missile.
Housing situation began.
It's not going to be that bad it will only be sub prime -- that -- be so prime middle of all day okay maybe sub prime -- and a little.
You know I know I -- -- I got that wrong myself so.
And I think another great point you brought it -- lows and in their earnings and -- beating top and bottom.
You remember just the ULSU has -- rally began.
Companies are missing.
Sometimes top bottom in -- stock was gonna happen if they were given that -- right there giving good guidance -- they saw green shoots and that's not good enough anymore so you wonder what that means for the economy and the stock market.
And you know -- -- point that Chris made about them.
In them coming up with this guy and it's they should just come out they were gonna do great and I think that's.
If they don't next quarter that you say well we were wrong but we're gonna -- great this bill -- -- -- There and you can -- the kids if they -- -- and.
About one because that seems to be the way stocks -- trading days.
Based on guidance if that last part of their release it -- almost nothing to do with the numbers but the guy hasn't been bad though that's the weird thing though right now just like Cisco last week announced this still blows to companies that these two yellow flags to me because to me the guidance wasn't so bad.
You know maybe -- the expectations and some cases not up to whisper number but.
Yeah well I know -- Nordstrom.
Increased guidance the big increase it enough -- You know that I hardly -- -- Cynthia I regret you do better than soon originally thought in the in the investment he said yeah but it isn't as well as we thought.
Even an intelligent and they can also argue this stuff is baked -- share price already.
Does that now -- coming like close to sat.
But -- it's a pretty decent representation of the consumer -- stand out there again stunt work on his home 1000 a little bit touting a little bit right so.
The fact that you're saying it makes you nervous is it it does make you nervous that they're saying the future is not that Rosie so that means we're not mad at.
Because housing is the epicenter of all of this you know than there was this thought that all people can't sell a house believes that the outsourced -- -- money to spruce up -- you know.
Maybe you let it go over the last year.
If -- -- I realize you can't sell your -- to try to fix it up a little men but you know Lowe's and Home Depot but somewhat of a proxy for the housing market for a long time.
We bounced back Monday Tuesday of last week sort of maybe -- I think -- -- -- hope that we.
We went too far the end of the week before bounced back a little bit but now we've given up -- roughly 400 some odd points in the last three sessions.
Are you are you -- to nibble a little bit here or -- yet.
-- you know -- the interest thing is if we have to test that artificial low set two -- ago if you know I think it was 101300.
And the interest thing a from a technical point of view we have to test that even though everyone knows it was an artificial low tested hold in this start to rebound before you see fresh money come into the market.
Well a lot of people didn't believe the Smart or do you believe this market was set for a -- -- right right.
That clearly was in it so it's very possible what you're seeing could happen again that we do test that well.
It could they tell you I'm starting to believe that that might happen.
You know but the thing is they take -- -- which had pretty good at and it's so tough.
And as an investor you got to see you know stair step it way up and then -- Lose and all -- but we -- to tell you in any way to deceive you hold that as support you -- your eyes on some names on this a couple of national title but they've had -- -- and throw -- yeah you know.
-- then this is a great time by the way for people to put a list together you know companies that really had great earnings really good upside potential.
-- you put a list together ten names and -- Pomona screen somewhere but.
Today American Superconductor.
In the sentencing this American Superconductor up big today on news of the bill and China needed net for the 45 million dollar bill wind turbine Dylan.
I did tell -- -- before today's news fiscal year Smith for next year dollar 56 is from a dollar 38 just in the last sixty days so.
If that the market can settle down the stock really really could take off recently it was an inside -- -- -- You don't normally get excited about one insider -- but I get -- they wanted to odd characteristic about this rally partly no -- Biden it's hard for me to find anybody any insiders who bought stock.
That's actually really good point but you -- said.
You look at it over the course last year and over the course of the year this that's about -- -- percent.
It has -- it's also off the high pretty nice to I think it's about ten points off the higher -- It's given up a lot of ground you know and you bring up a point that people need to know -- -- it's extremely volatile yet.
Omnia the second when you light do you like for a long time now they're pulling back a little bit -- I used yet you didn't closely on all of that -- yet.
Maybe under seventy.
This is not also.
For the faint of heart this -- of four point clips like -- -- -- -- of penny at a time.
Same sort of bill though earnings estimates are going through the roof they have great excuse and -- Russian history.
And I always thought that Phillips is gonna buy these guys I can't wait to come to work on more than 1 Monday morning and -- been you know offered him a hundred point.
If -- let that happen that's the rumor that's been asked about -- -- a long time but.
This this is off the -- citizen now actually it's pretty closely they've -- buying them pretty close what is it about.
Then then it died illness the you know what is it about in the nation so good long -- -- this week is its use and everything -- almost everything you know and and then I think there might be media angle here with the government.
Getting its way from incandescent light -- You know but certainly these light emitting -- to use an almost all the devices that are being made these things.
But you point here about coming off a tie its highs around 83 stopped treating seventy C stinks -- -- living room ago -- like American.
It's obviously teaching at 33 so there's a look.
There's a lot of -- yeah a lot more room there they're both extremely volatile sites I mean anyone who thinks that they may like it take a look at -- make sure you can handle.
Those type -- -- and metrics in the last night same sort of ministries creates thumb.
They do the testing LEDs and also data stored I like those areas you know data -- it's -- the -- -- we have a here all the data that we're gonna have to store somewhere.
So this is -- -- that really at some and it really want this one.
You could look at NTELOS ready to explode to the upside but I don't know that it can do that in a down market it -- Does Leon.
Our subscribers on all of these I'm not -- -- our subscribers on every one of them.
You know -- you know revenue increased from you from a lot for awhile on this back actually over the last years to have -- -- -- that.
Been pretty good -- -- yeah its its its.
It that's a difficult thing you want to reiterate something you know or admit to something because is already up -- like people have a natural inclination to buy something that's gotten hit.
As opposed averaging up although the average up you make a lot more money than averaging them.
-- you and -- students.
Know I think McConnell is.
But what I sit on the turnover on some Mets tickets for the event -- the Mets have a day like a morning game maybe I can get a minute call and say the -- -- -- -- who want to think.
-- -- -- -- I said at the same things and it allowed on it and that's you know it's like global -- You're not -- Asian anecdotally they would -- that I -- ticket is talking Arizona we had a lot more to go through the lower the.
Clinical and we're gonna get a block ink blot clot can feel that no guns just music.
-- the guns.
Six and -- My business dot com live I'm still waiting for the picture of the clock we'll get it to -- since we have -- his own needs to know exactly -- looks like at some point life.
At this point that we have -- Dow that's down 127 points.
It's it's a little bit of karma because it's up from -- started I have to say that it's up from what we started yet but it's still -- twenties and I know that I am.
I am glass half of all I'm trying to finals sunshine is being you're I don't allow the news -- say it -- -- -- -- I.
I had a burrito from.
To polio today it's like eating a pillar of salt so forgive me if I drink a lot of water it exploded to -- -- -- daily granddaughter I we get it done.
We gotta talk about them a little -- fun and fashion designing.
Heck I don't know I do -- we have a -- -- and -- Dixon with -- CEOs of hundred Dixon.
Now -- so many questions -- but my first Jennifer is going to be to you how or why would you even want to enter this world because -- it is crazy competitive.
You have great very strange cast of characters you have high and low and and you have -- in doing low and how do you why.
Well I think number one you have to have anything has not -- have to have 910% the past and finally you're doing to really succeed.
And only started about three years ago -- was I was just in the designer and I was actually consider going back to business school.
And we just decided since society and part of says.
The idea behind the price point was to have -- -- it's -- -- and I just not as 2009 Josh I think there is some sort of barrier to entry of buying 2009 just listening people can do that so we keep the price point whereas.
It's a nice piece of clothing that you're getting good value but I think in this economy people really want they want something that they can I keep a couple years and so.
We eventually -- other we make a really good team and stuff.
We we love what we're doing what's really against -- -- I think really knowing how fun attitude you need up to the end and get this venture -- You know I majored in fashion finds that's always been something and then -- extremely passionate about.
I moved to New York specifically to start a clothing line -- as -- mentioned this price point is.
You know the customer I've always and the -- -- spend so.
It was just easy for us design beautiful clothes at this price point which we were shopping this type of market anyway so I just came kind of -- a natural.
Progression -- and I were roommates and I was designing for various clothing lines and generous thinking I'm going to business -- -- you I was just ready to start as wanted to distance market did you -- -- -- that -- -- sending out -- like you you know -- -- probably you're out there you're looking you're saying I wish there was this and it was that would inspired you to start the line.
It inspired me because it's my passion I knew I can do it.
Do a good job -- -- but it was also a need for -- I was buying.
Wolf will blouses but never find something as solid color wanted to he had to -- my closet full of just a great blouses and -- that's become our best seller.
You know now you're in sacks right now here and I can imagine -- in this acts.
You as a sell you probably have to be like Robert stack in the lobby of airplane.
You know like -- through everybody just to get there how difficult is it to get that you know that retail outlet that -- Lisa first one.
And the -- flagship like sets the feminists.
-- -- -- Well they -- one thing about department stores as they wanna see it's an investment events and they wanna see you know the line -- -- are a couple years so.
It's a couple seasons and even a couple years -- so I think it's just getting it from the door and -- -- in 2000 sex.
By the time we were kind of getting into her -- this economy down the -- -- the economy really -- us so.
That was that was a barrier but.
Sacks only brought into new lines the contemporary marketplace.
And hi Anderson was on -- so.
-- excited about the crowd.
We asked this all the time had to get funding this can -- just on a hot nobody shopping.
-- -- Nvidia investing news you know it's it's crazy as we just want full time at her business we did get an investor and I was working at a hedge fund.
Trying to you know make ends meet while we invested our own money to get the -- started here and it's done by day to manipulate the hedge -- by day and a a friend a close friend that I worked -- put us in contact with some some great people that just.
-- really passion about investing in and fashion.
So if you're funded yet and we had -- -- of -- business plan and kind of where we wanted to go and financial model so only.
We were pushing that idea around and says this -- that we're working right now is a strategic partner and percent and a lot more he's human.
So -- stuff to tell everybody quickly.
-- the web the web Connor -- dot com -- were sold you know nationwide and multiple boutiques.
And hopefully send -- popping up elsewhere.
Over a hundred boutiques nationwide victory -- -- -- animated.
That's it thank you can -- -- her -- -- from the south and I'll have that feeling I think south.
Invited back in 0800 have a thank you so thank you from my if you check it out -- -- for sure -- hundred -- dot com medicine at all right check it out.
Might have had issues in Arizona as you know and everybody's is a very polarizing issue that you -- on one side.
Or the other but now it becomes a financial issue for not only to state but also for anybody doing business in the state William La -- from Fox News.
Joins us right now from Los Angeles and certainly William.
On the team -- is the California boycott of the Los Angeles specifically boycott of Arizona has raised a lot of eyebrows what -- the financial implications are potential financial implications.
Well there's actually two ways of looking it.
That's Chris -- home number one it's the city contracts -- the city is saying it's going to look into trying to cancel.
And then there are also contracts the city has that would damage California so -- really find out very soon.
How hole is California willing to put its money where its mouth is are -- convictions so strong that they're willing to live in the dark.
For instance California politicians and some residents here.
Want to inflict so much financial pain on Arizona that lawmakers there will.
Cry uncle and rescind.
Contractors rescind -- new immigration law was enough.
I'm just today Saddam for civil rights -- human rights plan premiums we did this together we we're hoping that maybe Arizona will be the last day.
Did that they have enacted the first thing.
But the California backlash.
Could backfire California gets almost a third of its electricity from Arizona.
A lot of -- from a nuclear power plant outside of Phoenix that's Palo birdie.
Also -- some coal -- plants in northern Arizona and two giant Hydro plants on the Colorado River Glen canyon and Coolidge damn.
It also houses 4000 inmates in Arizona as equal to two prisons city owned LAX airport it's 22 million from US air which is based in Phoenix.
And -- to the radio station KT -- are we heard them last week.
Saying we -- California to cancel those contracts.
You might want to.
Point out -- -- -- they don't call on that may have or fired you're fired a major after.
They'll pick on -- It's easy to throw stones when you're sitting so far away when you're in the middle of it I think.
As you if you believe any of the polls some close to 70% of people who have to live here think this is a step in the right direction.
Now on top of that the suns in the lakers begin the Western Conference.
Finals tonight emotions are running very high normally because he's a very strong rivals but I -- the sports pages.
-- what to do with his victory all.
You have Arizona and saying don't even rent a hotel room to a person with a California license yet Californians saying we need the lakers to show some kind of symbol.
-- -- protest if you will I may be changing the name on their Jersey to block and adults.
So the but the point being here is there's no intention.
Of the Southern California utilities like LE WP Southern California -- which own large parts of Palo birdie nuclear -- Plant they're not going to rescind those contacts because some politician.
-- wants to cater to their electorate.
-- -- -- Well you just quickly we -- doesn't -- history really that these boycotts actually work.
So why go through all this we make all this -- at the end of the day just like you're saying the problem not gonna draft contracts you know assume you gotta wonder.
Why why we go through all this why they do this is important to -- really made at the end of the day.
Well -- I think you know that if you're an LA City Council person and you depend on your future too could appeal to the Latino vote.
That you're going to pander to that audience which is -- -- they're doing.
But I will -- you know they got the all star game coming up in the players association is against it.
And if this thing isn't tied up or get an injunction in federal court there is a possibility.
That the all star game could be moved from Phoenix and that would be a big deal.
-- that William thank you so much sir thanks William.
It's this -- much -- from Los Angeles.
My I do wonder in new you mention a -- yet the politicians -- -- for the Latino vote but.
I mean -- it is seems very reactionary from Los and as a point of view and I wonder what is the voter.
Support for the bill in Arizona a lack of support he thought about the -- is -- ends there is split up.
And then it started -- 70% of them in favor of it.
That's hitting the majority of them support this immigration will cause that's what everybody's boycotting the fact that.
If you do something wrong and mean lock -- law enforcement has the right to ask to see whether or not your citizenship and so.
But you -- -- saying -- -- over 7% of people in Arizona support that.
I wonder how many people in Los Angeles with supported sue white of you don't know and I did that might be very small might be more than that but certainly it -- stimulate the politicians -- -- -- reactionary decisions.
Without even really even having a full understanding of what -- people supported -- support.
And I think these boycotts and the costing.
States communities more money than they do then -- -- their point at the end of the day we shall see it certainly is a very very explosive situation down on the Pacific southwest bomb what clear -- and then once on the usually he would find out you not find them to -- anyway.
It's sad to see at least -- it was in my household because first came out after my brother was about this as well.
-- -- -- -- 67 years old legendary heavy metal singer an item isn't having metal I was I songwriting -- -- -- and was sacred heart or is that right.
Yeah I don't know why because that's funny that you you you did debating your head what oil was because there was a few of them that was one of the better shows I ever -- and you left her retirement say that -- this big I in game down and shut.
Flame out out out into the audience.
He replaced Ozzy Osborne for those -- you don't remember as a lead singer blacks -- he also was in.
Rainbow room that I was ramble on some innocent and then -- what -- -- and in no ill might it is I don't know some of the -- -- -- long time ago -- He had cancer -- cancer.
I think it's very sad is it legendary I mean -- need to see came back recently he was singing again and I'm -- -- very sad especially because.
Like -- said one of my favorite concerts I've ever seen was.
Mid eighties I guess I think it was like fifteen.
Not -- your -- used to do this all the time this in this and lot of people like my parents included a lot of people -- -- like hanging on is that the right wing.
Well like oh my god it's a sign that to have all these -- Hank -- this.
Is -- you know this.
It's the southern Italians.
-- ward off the block the following CIA you know -- but he is his grandmother used to -- -- -- to ward off the -- So that's why he used to do it all the time and that was class.
Looking for the quote -- -- you earlier and I can't find it now but he made its statement about how -- like.
What did he say but in -- -- Pussycat Dolls and somebody I think in sync Backstreet Boys new bid that's on the blog unless they're not bands.
He's in bay of rock and roll band stick around plays instruments and you know what -- -- -- -- diagnosed stomach cancer November 25 2009.
His wife actually would would twit.
Tweets I guess -- tweet whatever.
Did those stories of his progress or you -- battle through cancer in -- very quick November diagnosed actually on March 14 of this year his wife posted.
-- the main tumors shrunk considerably ER visits to that got cancer clinic in Texas now every three weeks essentially -- it seemed like he was getting better.
March 14 and then of course just passing away.
I -- I feel very -- Up for it now has all of -- well to -- that at least and for his wife.
21 to take that break we will be right back.
Scott I've got to tell you that -- who would help will be live tomorrow night.
8 PM on the -- special coverage of the key primaries we got four -- -- tomorrow Connecticut can.
Kentucky Pennsylvania Arkansas Oregon what's gonna happen -- will be there to cover all it could be very pivotal as far as.
The voice that people have they gonna get out there and voice how they feel and makes this year's changes because there -- -- seats at.
This -- yeah.
And we have a lot of look state for the labor unions get involved in these votes.
That's -- we heard from former senator Rick -- Santorum a Pennsylvania earlier this morning saying you know what that labor unions are not out that much.
Anti labor unions these days which would be a good thing for us component so tune into -- Tuesday night AT and he's got at all covered -- does.
And handles these elections.
Really going to be very interest going.
Up into little -- with a seasoned author of strong a word strong -- person.
Career fitness system that I get that right in -- what's actually your personal career okay well I thought it was.
So if -- in the senate ways and my -- Obama live this book now people are.
Lot you're looking for work yet and a lot of people are interviewing.
For those of us -- for example may have had the job for ten years it's been a long time since we've gone in actually.
Beat the pavement brought -- resonate.
Things changed a lot in ten years haven't they have big time they used to have a -- as you -- job market you know you look for a new job with the -- you had your old job.
So basically what you did -- you updated your resignation have to bunch of employers -- networking around the edges but -- -- -- boom you have a new job.
Now that doesn't work anymore because employers have changed the rules of the game you know they used to hire perfectly qualified candidates today.
They want something more than one and accomplished candidate and that's.
That really changes the whole dynamic.
Today I didn't -- can be accomplished.
Well it's tough and and the whole premise behind my book is that there are seven facets to a healthy career and you wanna work on all of them.
And not begin.
You know six months before you graduate from college it's something that you really ought to do way back starting in high school thinking about.
What is your talent you know you're talking about passion earlier -- talent is the intersection of passion and practicality.
It's what you love to do but also what you do well written and I think everybody is -- -- with the talent capacity for excellence the trick is to find out what that is.
And then to teach the skills of an occupation.
And in the else thinks about that is you you might actually have been able to find what you're passionate when your passion -- -- -- talent that is.
Had a like convey that to somebody in -- quick.
Concise manner so that at the end of the interview at the end of the entire process some are saying you know what I left on the table.
I had more to give -- -- more to say but yet I wasn't able to convey that.
Well two things I mean not you know I'm passionate about tennis and Roger Federer got nothing to worry about I mean again it's really important to have that intersection of passion and practicality but.
But I think in today's world.
What people need to do -- to look intentionally incomplete.
-- so for example on your resonate.
What we traditionally -- people is get the highest degree it can get as much experience up there all the training programs you've had.
And I would say that in today's job market you also want to have a -- politicos like.
Bronx community college introduction to business Spanish ongoing.
Because that kind of entry conveys two things to employer one you know that.
-- -- professional development is never done until you take personal responsibility for doing that section from the such apart from the -- since this thing with.
And what's different in the -- -- Procedures these days I mean is it's still a one sheet piece of paper when you're applying for jobs it was once she dog lovers she and we're -- -- Is it online.
Is it a video of something Anthony -- -- cart.
Hills outside not too long ago we had -- -- -- -- -- here with a cookie let's share for the resume on a big that -- you know I -- and crumbs all over Eric -- office that's very sad so.
I mean yet the -- got to differentiate yourself it's got to be diplomatic activity well you know I think what we're what we're in today -- that is what I would call the application to step you know -- you've got to get your foot in the door and sometimes it takes a crazy cookie or something like that.
Or -- well written -- But really all that doesn't get the door open.
The second step is to make a connection with people and that's where networking and all the social media as -- old fashioned face to face networking will really stand in good stead because today recruiters are phoning in resonates.
You know and if you just rely on that piece of paper.
There's a good chance your resume is never -- to make it to the top and get consistent.
-- did I get in front of like how do you get in front of people I want with the Viacom had a again -- Of those people.
Well if you what you might do as you might connect with the college you went to go to the alumni organizations see if -- anybody there whose work -- -- Viacom that you can make a connection with you've got that relationship you both went to the same school.
Go to linked -- and see if there's a news group of Viacom employees that you -- to connect with -- all kinds of ways to build those relationships but you know -- people forget.
That networking is not about just making contacts it's it's about.
Building familiarity and trust me the golden rule of networking used to give us that he should get so you gotta you gotta remember to two way street it's just not knocking on the door asking to -- -- Career fitness dot com is the website that people -- -- to.
On one piece of advice.
Animal facility young person just graduated from college -- -- -- one piece advice to them in terms of their jobs.
Your degree is not the end of your education.
You -- the first principle career fitness system build up your cardiovascular system the heart of your -- your professional knowledge and expertise.
Go back to school to -- you graduates who can put them on terrorism.
Well he'd gone yet.
Now what would you say to someone who lost his job -- he or she going back now into the work -- well first of all it's the perfect opportunity I mean it's a tough.
Road to be sure but it's the perfect opportunity.
To take a moment and see whether you really are working at your talent you know that intersection of passion and practicality.
And if you've got that right.
Then what you wanna do is make sure that your circulatory system is strong and that is your network of contacts and and the people you know or the people you can get to know when your field.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Peter thanks for entertaining us mutual help -- thanks for having -- Peter -- author of work strong your personal career fitness system.
West Point grad.
Thanks for being math -- -- -- -- -- -- no comment you know Anaheim.
It's brought death of the show with a home run -- NC -- -- but I really do you think it's big deals for his music fans all over the world aren't just how it is -- -- -- like in video.
That's sad he's.
I we'll see you tomorrow -- -- we have a better markets.
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