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Adding I look at Babson dot com Latin countries burns is is it's got -- -- here.
Lie and he -- people are not.
No disrespect to our president's of course who we love all of them and OK we respect all of them no disrespect so -- just want to make sure that we are all aware of that what what is after the president's it's presidents' day -- want to make sure that nobody -- -- -- not out of disrespect for all the former president -- -- home.
Didn't we should be home taking a day of rest in honor of our -- found -- like everybody else I was trying to understand how many -- US non presence and later and I read it because -- their sister used to understand that it has been waiting is about our back.
Fathers markets are all closed.
-- -- I was gonna say that's.
Which is way more important there and you know.
Back then I'll -- could Jeff Flock right now Jeff Flock joins us right now talk a little -- -- what's going on.
With Toyota -- Jeff all right you're at the yet the ailing US auto dealers convention down in Florida good for you.
I the Toyota debacle obviously is going to have a major impact.
On dealers what are you hearing there into the how that turned this thing around from the negative into a positive they can't.
We'll tell you they've been meeting at this morning with Toyota and I'll tell ya I think I see -- -- here who is the incoming.
Chairman of the I was just -- presence at this President's -- the chairman -- opinion -- president stated it.
I believe and hope I hope for showing up to -- that's also chairman stand as the incoming chairman of that ATA and I tell you your predecessor had a hell of the year it he can give you -- -- hat he did -- well you know god I hope I don't have to I mean we were.
John did and magnificent job handling the challenges of last year on tackling got Mac John -- Lanny I worked very closely with a Mike.
It's real we don't have a coming here I've got to ask you would view it now donated that you're getting the special thing here -- it's gonna be exclusively this in the noon hour show on Fox Business Network so which I asked -- one question here and -- -- to steal the thunder from that show but.
You're a Toyota dealer we look at the make meeting this morning.
This morning I wasn't because they had -- rehearsing my speech for this afternoon but I heard it went really well did you have any headlines out of that anything about incentives and no I haven't heard anything about the incentives I do know and meeting with the Toyota officials throughout the convention that they are.
Very mindful of what's going on they know that they -- they're gonna do something they're gonna do something I think you'll see -- instead -- -- I've heard some rumors of some I haven't had endured any -- that got -- -- don't you -- -- well -- talking about doing incentives for the first time -- you have -- years that you -- to you.
It's always been a Toyota dealer since early eighties and for our viewers in Portland Oregon yet yet correct and you also sells chevys.
Chevrolet on does -- we have -- domestic and and and that they can make friends what would you do if you were -- Toyota right now what kind of an incentive program which you put out there.
I think and it.
You know it it it would be unique fraternity this but I think that for the first time may be wouldn't be a bad idea to put some cash out their cash back per customer just to get of -- -- In the brand -- in some ways you've always a little bit looked at your nose at the US manufacturers the Chrysler's who have put a lot of cash out there and what that meant was.
Nobody wanted to buy a Chrysler until.
You -- throughout the -- that's right maybe it's just a little bit of priming the pump in this case I mean let's face it Toyota.
Comes from replaced with a with a with huge quality Reza or -- they have such a wonderful image now obviously that's hurt.
This isn't that this isn't good for them and it's bad for the industry overall but.
I think maybe a little something to entice customers to come back -- that literature of their marvelous cart and they're doing the right thing they're picking them at their on the job.
OK more from -- topic on the Fox Business Network -- just a moment so don't go away from bad right here -- -- -- very cooperative new incoming chairman of any DA.
I got quick spin around the floor not as well attended I think it's fair to say this year but then again that's sort of what we expected -- but this these are the guys that sell the auto dealers everything from you know those.
Those big inflatable deals to you know computer software to.
You know everything that an auto dealer would need.
He's here about 151000.
-- fun -- -- not Tucson.
You know it would have been nice to come down here when it actually wasn't fifty degrees.
But there you don't.
All golf is a fifty day -- -- I don't think he greets Jeff want to quickly or not.
Yeah happy -- played an apple and we expect T.
Boone Pickens to be there I'll be spent several other.
Still executives in the cart history to be there.
What do we -- to get at this meeting other than and I feel good pat everybody on the back by -- inflatable guerrillas to throw on top of that.
Of the you know the dealership -- we hope to get this meeting.
The headlines thus far.
Mercury at their meeting at have to have a thing called make meetings in other words that make the automotive make meets with -- dealers.
Mercury announced Ford announced that Mercury is gonna have a new small car.
So sometimes news does come out of this.
And Toyota right now always meeting with -- -- and we may get some news on incentives I mean that would be huge if we got an announcement on them.
Okay who have an ordinary that throughout the rest today thanks Jeff thanks -- giant thanks guys and I just log on and -- -- -- -- fifty degree Florida -- -- -- -- -- -- but I gotta tell it the incentives coming out of Toyota and I said this earlier I must say it again.
I don't truly believe it's gonna make a difference.
Sino eventually we'll people forget if you get a great deal on a great -- -- Toyota I think people are gonna buy that car and that -- not forget but -- -- -- believe that Toyota like I said this morning.
More than any other car company -- -- I -- they have what it takes you the -- is it -- accomplish in terms of fixing his car off they get the PR straight so the question I don't know what.
-- it -- have a thing about this all along and they were put people in these cars anyway.
Lol lol then why don't we use common electric car and wish you hadn't would you drive a Toyota if you had -- now would you be scared about the recall on the quality of the vehicle.
You know of course you know there's a problem you that you do you have your -- -- I mean obviously but but you know.
Because where I don't see I don't see draft and it's I don't I see so I get married you did got -- I have yeah I yeah I yeah back in the day but if Carmen is here to talk electric -- other than Toyota's my name is many many years ago dodge COLT was my -- what was your preschooler at a Dodge Challenger but India love it wow that's kind of like that's -- -- -- isn't my.
Car -- it some months back it's a muscle car it's sad yet.
I I I didn't come off telling everyone my first car resonate -- have a that's actually true it was a four door -- and say it.
But -- bill.
All of both -- wow hold back in the early eighties -- our finalists I can still smell the fate.
Clutch and he didn't see him get naked skin crawl the car and -- to talk about cars move around as he wanted to talk.
Talk about my -- Florida scored well with my second car -- really loud trade agreement yet that little thing.
It's Fashion Week.
It is fascinating -- greatest week in New York City if you ask me any really as well as saying Chris is gonna last this whole thing.
I think I think he did an amazing thing we have heard mounts on our show on Saturday -- she is the founder of Fashion Week she created the whole thing.
It is the greatest place to show case.
Just just about you know the -- from the great -- have been -- young guy designer right what are you seeing out there.
Well actually I just.
I just -- -- for Rebecca Taylor.
And a huge fan and she's been supportive.
To me throughout my career and and and so I was really happy to sit front row -- her show and it has to host a party for her.
And she's just an incredible.
Per cent and I left her clothes and think they're young and fine and I love to delay years you know.
Cute dresses with sweaters and jackets and let me tell you something it was.
All about it.
That tight sickness I had to I don't know what we see her glee I what do you need to be -- -- every.
-- walking off just immediately got up slightly.
Because I know I know where I didn't spot -- -- did you examine anyone you know I don't products you just talk about.
Yeah the glittery -- and selling a product and -- -- working.
-- actually looked at a thing it actually do any work around here I'm using becoming a Fashion Week.
But because for the past maybe five or six years -- that I missed the last two seasons.
On -- and I was really happy to actually.
You kind of saw when things were going to grade five or six years ago when I -- spending money on everything from her and now aren't you kind of get a feeling like people are willing to do that more now there's a maybe a little bit but just look at the clothes for example maybe there are more simple when we were in the recession times -- -- suddenly grow out of the recession.
Are are they becoming a little more lavish a little bit more over the top.
I think people are just trying to have a positive outlook the and said it you know what I've seen is is.
See you really if you can't afford it people are going out and -- and supporting the economy and if he can't and they're tired there's so many different.
Things you can -- to Spicer -- -- up I mean EE you know you can they go to H and and and you know.
It's -- costume jewelry and a great pair of jeans and a T shirt.
And a you know a great her boots and and and -- he could still have the same luck.
Chris is right -- and I'm actually.
I'm I'm surprised -- yeah.
And I'm right because.
Last year the closing doesn't isn't anything that's all that must confess -- -- and hello again as.
I know hey you can look at me on capitol paper Donna are styling and a -- and -- -- easy yeah.
Golf the -- Wal-Mart here.
But he's great in that.
Last year there was -- -- -- Fashion Week and it was little doing -- it you could see it in the closed he saw definitely in the tendon.
Some people didn't even come some of the -- -- even do it.
This year is different people are out -- forced.
The economy's changing does an -- -- the fact that this is the last year Bryant Park to is this like the grand finale for some of them before that we move on to Lincoln Center next year I think change is so bad.
And for me I just remember a few seasons back we had there was floods here in New York -- and and potential flooding in the live shows -- canceled and and a lot of people didn't show up because because of the weather.
So now at Lincoln Center -- mean it's it's definitely you know it's been inside and it's very classy place that's been redone and and and so it's -- -- I think changes I was dead.
We're gonna speak with Rebecca -- later thank you for is not a decision I ever.
As easily and Rebecca Taylor addresses and fabulous thank you this is Rick Rebecca Taylor and the tighter straight up that way you -- It's and it's not -- -- wonderful.
You could be wearing a burlap sack over there and I think it was.
It is so it's nice to see an obvious to everybody you think I had a golf -- an election coming.
The Donny Osmond how are bad I mean we got a toy we have not fashion legal and on coming up -- -- -- show going on as well Robert grazer and Donny Osmond is with a -- donning.
Hey you earlier you said New -- one of the greatest -- it is one of the greatest places in the world and right here the Javits Center.
We're were celebrating the international toy fair.
Fisher Price and that the Disney organization called that since I'm the reigning current Dancing With The Stars champion.
They asked me to it to launch this branded toys that they just give no matter fact we have one right here.
If so -- called dance star Mickey.
And we lost this morning this this looks like -- -- that the moon walk is not a fact I asked him earlier what did you learn the toys do.
-- what did you learn the moonwalk from.
You learn from goofy OK and I said.
And then I did I think yeah I get to the groupie myself earnings Marie.
I don't know when you.
Dancing With The Stars -- did you do at the rub it in Emery but you could do better than she do you today.
Already today I just yeah yeah yeah you're saying.
We did this show in Vegas at the flamingo and every night -- -- -- in her -- she says so yeah I was and that's -- -- thought -- -- I think.
Yeah but I won.
Andre how important was Dancing With The Stars for you because you you go from being one of the biggest stars and TV with with -- in the late seventies and then you do a lot on Broadway you put that -- the public a little bit and then on the submarine goes on -- -- us and you win.
And -- and you're gonna have done a million times every day.
Well -- I guess that's my work ethic you know -- I have to say my hat's off to her she paved the road.
And I he kept saying that you got to do you gotta do it I didn't wanna work that hard and guys I'm here to tell you when the hardest things -- ever done in my life.
But you know the way it turned out I could've asked for anything better I gotten the mirror ball trophy and what an experience that was.
So -- tell us can't have a toy -- could that mean.
It looks at Maine I think Fashion Week is the greatest thing but the toy fair is got -- be the next greatest thing could how cool they -- really like all the innovation.
Well you know first of all you you feel like a kid again when you come here -- my the youngest son's birthday tomorrow night.
I brought my wife and him that and -- myself here at fair -- fair to launch.
This little guy.
And it's just like you keep your kid again which went over to the Lego -- and and just got stuff that.
-- nobody else has yet you know be able to get into this place since the everything it's just it's such a great experience.
And -- -- be part of it to launch new toys are the things coming out in October.
And this one is actually 30000 dollars and I'm holding.
The -- it'll be on the stove for 69 something I think but.
So this is coming out like -- -- salesman -- and yeah -- gotten out there aren't the right guy who say yeah this is coming out.
Just in time for Christmas -- That's correct that I mean I I told the president the company has that you know we're gonna keep -- -- business just with the Osmond purchases.
But I can't I can't thank god it what are the what is involved with the bill bringing -- a -- like this because you're working with Disney.
And with Fisher Price to industry leaders -- -- involve you from the start Dick Clark look at the last second its -- -- already dealt to show up and promoted how.
How does it how do you get -- it.
It's it's more than that there there's such a history with that the Disney organization I'm in show business because of -- Walt Disney himself discovered my Brothers put him on television that's -- anyway love and unity and they say the rest of that I've been involved with the with this the right from the beginning it's -- matter fact.
I helped launch.
The haunted mansion for the entire world that a film with Kurt Russell my brother -- -- so Disney has been a big big part of our life and plus my mother's dream.
The to start this little charity which is now known as the children's miracle network.
Thank you from Disneyland every year.
Which is so amazing -- even involved in the business since you were four woods is it crazy to me.
What's what's the daily 200 years ago we know now I know -- I think 28.
What's changed over the last twenty years for you what do you what's what's different in this business now.
Thanks a lot faster than a lot more mediums out there but there's nothing there's one thing that hasn't changed.
Is entertainment good entertainment is still good entertainment you know and and that's -- we try to do in our shows in Vegas -- -- president here.
Good quality solid entertainment yet you may think -- time to change you -- -- -- for those times true.
But you get right down to the fact that people love to be entertained you know no matter what it's called it's it's a new face of the same song.
Donny what's next realized that dance off with Maria on dancing NASCAR president maybe head to -- people love that people love to -- you know this is the squabbles within the family.
Yeah that's -- -- shows about pretty much in Las Vegas you have this dance competition in the bay area of the -- -- of -- show.
And we see who's the better -- of course I win every night for us money but Marie if Marie was there that be a different story.
But I just lost my own radio show -- -- and yeah all of that information is on Donny dot com you go there you see where it's airing and that's the new.
The new venture for me -- my own radio show fantastic.
-- -- an -- yes I mean it it's been struggling.
You've seen people come now are you seeing it fill back up again.
Our it's funny you should ask them if he does not before last.
Talk when my producer.
And -- to Vegas has felt the economic impact just like everybody else.
But we're so blessed right now we're selling out.
At the flamingo.
You know there's certain pockets and I got to be careful while I think that I -- felt like you know.
Yeah we're we're doing great stuff in -- but it -- were selling tickets people coming up through show because like I just that if a few seconds ago.
People want to be entertaining yeah yeah certain pockets in the entertainment business that.
Kind of recession proof because -- want to get away from their problems I was talking to somebody today.
About the economics and how it's impacted the -- And they said it really hasn't murdered and people.
They wanna go back that they wanna play with things like -- they would they wanna be kids again for the entertainment business the -- business.
Are two industries that.
Someone recession proof.
Disney Fisher Price Donny Osmond and -- -- -- available next October that's correct of ready for Christmas gonna see a Donnie thanks for joining us thanks so I just got to do.
I don't have a great day it still on the -- and check out what we have a show and it continues it is fashion people and have more on Fashion Week.
Little later and won the toy -- well we didn't ask him if he was a little bit country.
Because he wants -- put -- put that behind him he's all about the -- now.
You know I -- puppy lie.
I don't know I was in Little Rock general I grew up with a little bit country -- of Iraq I wanted to you're not very much country now at all will be back.
Come in my case you weren't Chris -- 1220 and East Coast ninth when he on the west thanks for joining us we are here today presidents' -- even though it is holiday the other markets are closed work and we got needed businesses get a break Chris needs -- Contain himself lineup together Carmelo little sponge -- less than two feet away from him dispensing 1000 will give -- time.
And that doesn't even beat united talk about Donny Osmond cost.
Latest study I'm.
Worried is when -- steroid -- your credit.
I don't buy that thing.
I'm not gonna buy it -- -- -- separate -- -- here's -- thing horrible.
Dancing With The Stars mean you're talking about thirty years there where he really didn't do much in terms of the public guy.
He was doing a lot.
On Broadway that I'm probably necessary a lot of times -- go to Broadway you had a lot of success.
And that you really won't be in the public -- and he really was not in the public -- until -- came out of the dancing with the stars and and -- -- sort of you know reintroduced in the stance with the stars and huge.
For him wolf for both of them quite frankly and then she started doing.
-- Jenny Craig commercials that's right yeah Craig and so she's they're all back up and now he said they're selling now performing well and he's right about the family fun.
-- -- to -- -- -- families usually they're gonna buy a ton of those dancing -- well -- nation.
Talk that tell us a twelve Tony in the afternoon look -- -- -- -- -- we'll call my eyes could Toys 'R' Us becoming a publicly traded company again remember about five years ago they went -- -- -- had KKR you have -- not note taking and drive -- about six and a half billion dollars -- now apparently that taught at a Goldman Deutsche Bank JPMorgan Chase about underwriting an IPO.
This summer very interesting timing -- -- you're talking about.
Really it up big box me.
Taylor ends in a sense that it it's an anchor for broad strip mall.
Was sub anchor but the same time its specialty retailers it's -- -- As very Centanni do they go -- up go public again this this summer they wanna see issue a billion dollars in shares.
This is totally a personal -- -- story.
When I was a kid.
You know back when I was public and -- my mother actually thought it would be good for me -- -- Israel stopped because it was something that I would understand and learn -- -- -- -- was.
A piece of bread like the entire time -- and it it was awful.
Awful they could not get it together and what boggles my mind was its choice.
Any parent out there knows she give her shirt the shirt off our back -- -- -- get to get a kid the new toy this should've been a goal line yup.
Condemn it what did mean a lot issues one of them being debt right now they a lot of -- -- -- selling selling the shares -- -- public again extending it but of course is good because they cannot control their debt they don't know what they're due we will see so maybe this summer Toys 'R' Us will once again be publicly traded company.
I don't know but now we have to go back to Fashion Week.
And Rebecca Taylor is here which is amazing honor -- the year I had whisker on the other day I did.
You 'cause you're an icon and you then doing this now for so long been -- asking you -- changed because a lot has changed.
And -- Spain Fashion Week in all of -- it's it's different now isn't it it's not the glam the glitz the big shows it's much more.
Two main street it's.
Very much to main -- now like people in America -- and two runways than runway shows specially thank everybody's very much -- of it.
You know -- study -- -- -- shows live.
How web site says that.
You know people have -- have a front row seat -- shows like it's very much more intimate and away much the Internet is you know.
In a way that -- bringing everybody to fashion weeks it has changed the dynamic combat yet.
Forgive my ignorance on fashion shows but is it what once was it once a point where.
No matter what the model was wearing a song you're gonna go to buy that or -- -- -- that has that changed the point now you can see with the miles -- say I want that tomorrow and they'll get it not to I had ever again.
Apparent at -- activists sat a few months say -- smaller next summer it's changed a lot -- in excess -- that he had and Fashion Week and I mean I went -- is done -- time again they had -- -- -- very much down the runway like this looks great you know into the gonna buy and then Canada.
And I tanker in the shop.
And now everything we have on the runway is available for -- us and that's I'm very much the way I stretch -- the connection.
I think that and it really acts as a sounding to elect and people.
The 'cause it is so available to the public -- They want to see and by what's on the runway yeah immediately -- -- -- it to them immediately the citizen can we -- That's the -- voice saying you're bringing people into Fashion Week who never able to get there means to be this exclusive ticket that was so hard to come my way but how do you do it how do you -- -- yourself season after season and I know it's not just spring fawning -- -- collections in between loads of nine I didn't denying that amendment Alexander and Michael we lost Alexander -- this week many saying that it was the pressure.
What there's got to be so much pressure -- -- knew there is a lot of pressure to stay -- news and the take -- since.
That -- -- does have so much access to fashion and you know it's even like television like everything's -- K everything's fast never once in union news and these big companies can -- -- Because it is sad that that quickly Rican decent rate quickly and you I'm finding it and like high street stores very quickly sent them pressure Israeli tend to keep coming up from the U infringed that -- in the doesn't have a variety.
I would imagine that if I sought but is somebody was doing a story on one of the good guys from one of the Bravo shows with with Tim -- -- had his own show.
That the volume of people with their shows has to be through the roof now compared to what used to be -- you stand out to me how do you continue to fend off all these new designers -- NN -- -- now buzz right now.
Unless but added I'm very lucky we haven't really amazing team at my office second opinion at this -- who -- being linked together for a long time.
And we've really built the company to something that we have a very unique.
If they take that I think that's too long she'd stay true to that and keep giving the customer what she bonds than that I think that you can't really go -- Is that what's is that what has -- -- around this long.
He's so many new people coming up the ranks and disappear instantaneously is it because.
They're not being true to themselves are they trying to be too many things to many different people yet tough you can be and -- a lot of people tend to do this in this pestilence that and we could -- -- we could sell that.
And you really have to be strong as a designer and -- -- this is what I think my -- -- -- -- and she wants something news.
That -- -- something that is very quintessential Rebecca Taylor that.
And I think when deciding -- -- you -- I know I felt it every day had come to -- -- -- of the -- with -- -- I wanna be known -- Great black dresses evening that was -- Kashmir that to happen.
Every day it was -- different said.
But this season it's carrots and mixed race at Seattle I didn't I -- and -- CN how come.
Well it's it's it's a cycle is an affection and we've had a lot of dresses -- -- -- and -- to being really really strong in the retail.
Says I think it's you know little -- -- skinny jeans will play every type of gene into the sun.
And I think it's just so nice when you way and take on American classics bought -- How important is it to have whether it's common electro -- Sarah Jessica Parker say I'm when Rebecca Taylor how important is that and is -- somebody that you.
Wants one day one day soon to be -- Rebecca Taylor.
I I love it when some deputies I really admire and love this style when my clients I think it is.
It's important to me and I think that the American public -- really -- -- -- -- celebrities.
At amendment they have the real love affair with celebrities and they see you.
-- wearing your clothes than that I Ohio I want what she -- and you know take it was coming next so amazing and I -- second sentence is to looking at that this thing Sen.
Whom does that -- -- is that I -- you.
Get something in come on common -- -- -- -- she say I can't it is that if she say I want I like this I -- -- where do you contact her if she contact you how does that work.
It's not often in different ways -- people buy it from the still on this site and and -- about ten.
And that might press us we'll see it and -- that all that surprised and see if they -- that -- but that's -- class and I can.
-- and send in the pit boxes and Tracy wants to work with you a little closer collegiate -- speak for her and I honestly plus with content and beaten regularly and I have -- -- and it.
Quickly before we go how important has the web -- are you pushing sales now more.
And the web vs your stores and the law but it isn't really exciting news way of generating sales I mean it's it's what we're expecting the will -- the company -- we've just launched retail -- sad thing in -- and not the let's take his best and not my area integrated I I was on that it's also -- -- -- we just shot and it's like it's a whole new ballgame and -- it's exciting it's so exciting listening you and -- and Tony -- give comfort zone -- Rebecca good to see you thank you for coming -- Huntington Rebecca Taylor a designer here for Fashion Week in the appetites.
We keep talking about fashion gonna be talking about -- as well we come back -- government the -- But -- but yeah.
Dot com -- Cambridge has got a twelve -- on the East Coast that -- in the west good morning we're here we're working haven't President's Day.
We got Fashion Week we got the toy fair.
No one can be better not I don't know look we better at all Robert -- at the toy fair he joins us right now from the Javits Center here in New York how are you Robert.
What's up guys have -- of fashionable to always elegant rap at all and I got -- -- -- the -- That's an -- -- Average -- here does all about that -- as the boyfriend.
Expert for the Toy Industry Association.
She's here guy that is what 100000.
Toys -- -- 7000 never before seen at the -- many of them being seen first on fox business and foxbusiness.com.
Live where we are right now Renee thank you for joining us.
We're talking about you're looking at the overarching -- you a year ago we were in the middle of the teeth of the Great Recession if you will a lot of uncertainty.
Price points are coming way down materials calls did come down to which is helping a lot of toy companies but there's so much uncertainty here at the quicker -- it seems to be.
A little more festive again this year people breathing a sigh of relief actually a good holiday season for at least -- the major publicly traded retailer's -- earnings over the past.
An order -- that now all of the companies did well but also.
The industry in general did better than most industries which may have -- single or double digit declines we rent basically flat for the company -- -- up and -- at a fund is back now on here is that you that if they had found a few friends here which of course is your job and.
The four days you're gonna talk about we'll talk about personal acted.
Active -- there's three different ways you can be active actively exercising your body exercising your imagination.
Are exercising your brain the brain teaser and problem solve it.
Yes -- -- -- a lot of that -- got a smattering of toys here guys and -- would like nothing better.
-- to see -- -- this bad boy it's called the whip lash into way really and then.
Busted but I -- out -- -- reason Connor I'm not I'm not gonna do it.
Because -- have to be on the street.
Or a sidewalk it doesn't work on the carpet not very good on the stage I did -- -- little -- arrived.
They've got a real writer here he's -- -- it but it is kind of goes kind of likes us snowboarding on the street -- I think your kids you know but what the -- -- a helmet on probably are.
It's a let -- know how to do it first but you say this is kind of the -- -- to get kids up off the -- a little bit more.
Absolutely did kids exercising trying to build exercising today negatively -- think they get -- it becomes aren't like them.
And I hear something the other -- -- -- rivers and punishment many a Saturday drawing.
The frisbee well this is not just any frisbee it's of the Carolina -- has been -- as you'll -- but that.
That it is not made up 100% recycled material -- who's behind -- I just bought it -- it -- a company we actually featured here on Fox Business last year.
They do all these -- -- toys but this is 100% recycled strict three.
And not only is it good for getting up off the health but it's very affordable.
I don't I don't friends still here if your -- the portal five bucks for a frisbee.
And -- a good for the environment then they are they also the same company it was the specialty toy of the year -- accidentally went valedictorian.
We're for the -- supposed the dolphin vote.
And it's also a bit more about -- Got going up and -- games and affordable place we're looking at toys under 25 dollars and every single retailer has manufactures come up with some fabulous product.
That have great play value brought in to them great price value lots of different ways to play with the same way so standing -- value and lots opportunities and that's and.
And you know we have to talk about accessible you talk about for me it's mobile it's it's only go it's it's our kids -- do you know grab our iphones or blackberries and do you think -- you can't figure out what they did exactly well Fisher Price.
The company that brought you little people.
Is now bringing you this -- I acts at all and it didn't look a little bit like you know what I've had type device.
It's got a stylus here that you could touch on.
And a lot of different things you can do that you can customize it for your name it -- Jeremy and you've got games you can -- music.
You've been altered pictures for all things although there's six different activities for kids and if so much funny -- very fit man.
As well it has -- is -- and you know a lot of different things you can do on here and you can read -- read the book yourself or have someone read it to you.
But again it just shows you you know this is what the -- or you're holding up -- very flat yet replies so you know.
Toys are are changing with the times that is the becoming a lot more electronic on the go -- a little bit more about accessible here and.
Possible -- -- in the entertainment industry weathered the blockbuster movie like Iron Man her Toy Story 3 this year celebrity he is dead.
Sports figures all that.
We also have aspirations of gallons cells does the fourth day operational orbit and that's tied into impairment for kids and also -- -- -- -- -- eco friendly and polite about this guy letter -- drops here.
They -- here -- teach kids about color.
Get the book is made from recycled materials that would Alter eco friendly but it teaches them have college the world and one of them I think -- giving back to.
That the community is that a portion of the proceeds go to give that particular burn -- Write and edit -- -- toys in the company.
And they -- sitting up book sales -- very good and a lady dance -- and it could have an animated series website and I think it's going to be one of the breakout.
And again it's not available yet but they're coming it's coming this brilliant ball for -- at a small ball.
How can also of course it wouldn't be -- something greedy guys -- -- everything's going -- from avatar to value of puzzles.
Comfortably -- funky glasses there.
-- -- Circular puzzles games that pop pop up -- activities his kids haven't faced a willingness to also look through the entire building block is sort of different cited seven sides this was and you can build a different you can -- all kinds of creative activities -- -- -- can.
Put their photos online of what they've created located here with -- and then of course dolls are here in many forms in did the -- -- -- Accident now California operational and is that girls know that -- that we haven't they are whenever the cultural.
They have the apparent -- to -- whoever they want them whatever choices and Obama open to everyone.
All right well Renee writes covering all the bases fourth guys she is the trend -- here at Detroit there and I don't but -- governor well and I've got it today.
About how to get back to you guys in the studio.
Things are -- we appreciate it.
I don't hate you have man.
No complaints that you -- not complain setting you ever.
I think it's I'm home for the little -- I got to believe that.
The Blackberry we'll -- I think I brought it up.
My understanding is that Robert -- there's there's a league though.
Sculpture of his head.
Somewhere there at this toy fans get a huge Lego sculpture of his head we'll have to see -- head in general is huge have you noticed on the screen right.
Face of -- screen so it's going to be a huge Lego -- I'm saying this for my tennis shoes to go to 73 quarters that side my head is huge it's like Roberts -- they break.
We went -- small break.
The current -- infants who may not he -- and I'm sure I go to school with a guy in college had a big head and needs to clone cantaloupe.
And then it got -- into -- And the guys 41 years old and when people see -- they call envelope I'm sure he's just so beaten up over that so what they had a school with a guy named bucket head.
You know what differences do you still -- buck and Morris and it's not a Thomas Hardy novel the whatever -- evidence -- this why didn't do this then you come up with these pleasing nicknames.
And don't go away and you Mac -- it's taken a -- -- a good one now -- is insulting and it.
-- -- -- great that I'm gonna have Robert Gray to bring home an Etch A Sketch and good at just picture had both of our heads and -- was head is actually -- a lot of -- Why southern Marcy Morrison figurehead my far ahead it's so big you can -- would double feature movie and the -- of my head right why hadn't -- Double -- What is the one on the nowadays with trees we talk about this all the time is -- New York Times story out today.
The banks because that's a popular thing to do nowadays and it's always the bank's fault for what happened agree.
It's silica hyper -- kind of a story basically the New York Times reporting.
That Greece lo and behold had derivatives exposures where I want to get into the weeds here.
This story is eight years old Greek government action an announcement that it was entering into derivatives what are called currency swaps.
Back in 20012002.
And also you know when you look at this deal -- it's tiny it's a ten billion dollar for the Goldman Sachs deal.
Ten billion dollar deal let's tiny relative to the overall size increases total debt which is about forty billion dollars by the way the New York Times and under stated that -- and -- by about a factor 25%.
When it annualized ten billion dollar deal still has deployed here guys for a second.
That ten billion dollar deal stretches of about 1015 to twenty years that's about a billion bucks a year creases that debt that it's rolling over -- -- 75 billion.
So on that -- that it's 175.
What is missing in the story is this -- that.
Greece has broken -- European Union deficit rules where GDP rated debt to GDP.
Cannot exceed a ration of 3% to GDP your deficit can't.
So they've been breaking that rule for nineteen out of the past twenty years missing in the stories affecting Greece's essentially running a -- -- Union style economy where it owns and runs all sorts of things aren't you -- a list right now.
Hospitals churches universities casinos lotteries hotels marinas.
Ski resorts train -- exhibition centers ports.
Airports water electricity -- natural gas companies all of refineries.
-- service and you say socialism transport service and we'll be Manning have a -- don't I now Greek government also -- banks and insurance yeah I think ray hit the big picture point is that Davis who have forever.
It's their own fault he can't blame Wall Street that's the bottom line right you know -- -- the threat.
And I didn't see I don't I really doubt that Goldman Sachs was sitting with that Greeks you know can't manage secure managers -- bureaucrats.
Saying you should lift its derivative.
As an asset and on an illiquid loans over 1020 years or whatever was if that's pedigree -- -- book did it looked at as an asset.
Not -- alone -- these derivatives so.
You know it is it basically in the sub prime crisis was built on basically fake profits -- generated -- profits and -- as you know.
When you sell mortgage of the mortgage backed securities Wall Street firms and banks got to book of that securitization.
As a -- not as essentially and income stream over -- 102030 years of the underlying mortgage.
They got to front -- those profits a derivative let Greek the Greek government do that as well.
The Greek government knew full well what it was -- -- in -- announcement that about it back in 2001.
And so der Spiegel magazine.
Bloomberg has been all over this story risk dot net broke this story back in 2003.
So again this is almost a decade old story that the time since jumped -- but did not put in its proper context the value of the deal.
Vs the Greek government's overall debt picture.
Verses what is going on in the Greek economy meeting it is the Soviet Union style economy where owns more -- the -- it's -- -- -- -- kitchen of the -- time it didn't fully read it properly report the story -- what is the other question -- nineteen of the last twenty years it's been basically doing things wrong.
Where has its government.
Yeah I had it's regulatory.
Regularly towards being as saying they Emma and a while essentially and -- are able.
You know because they didn't have.
Think they basically are hostage to unions that run a lot of these competent and they know and -- just job lined out.
They I think they just -- to the point ending -- I think to Athens for example any go to the restaurants and they'll charge you for the dinner napkins they'll charge you for a -- -- They're charging for using the silverware.
That's how nutty it is over there and and -- and it's not an unknown.
Issued this -- been out there as you know.
For decades that -- has been mismanaging its economy for very long time so that -- the route to take privatization.
You know should we hear the United States to privatize -- should we be felony but also service the FedEx.
You know should be selling you know Amtrak to Burlington northern sure -- -- in congress to achieve balloons.
That Pickens run wind farm and being from the -- there why nobody gonna -- just rhetoric coming -- that.
What I was saying sort of as a joke last week that they should.
-- slap a big B and W logo on the Parthenon.
And start you know using their tourism odd dollars senate and you know they -- want to see -- department on Sunday night and you know it's gonna go bankrupt and at the knock it down every you don't put that in any honest -- -- are saying it let's talk about favorite -- before you got your favorite to arrival time.
Well isn't the Barbie head that you grew up loved playing with us and make up -- -- Barbie -- -- -- here.
It was like I had that would sit home I do remember that John I like -- really -- -- he liked clay though -- -- at this sketch.
And I love can be totally look up -- -- was -- our dressing here but.
Played out as a mother you want to open about the window that because there really isn't it certainly get -- look up to members silly but how can -- -- finally.
Really I was they would pick up the comics the end of -- leads like your mother would it because of the -- -- -- -- -- every dollar bills and then you could -- can.
-- -- -- -- -- -- -- -- -- Vienna -- night we'll be back after this.
Back in fact that this outcome I've -- -- that I remember Eddie Murphy -- -- be to remember that festive when.
Seven at -- was late at its peak.
Yet well -- I -- and house Billy Crystal yeah Christopher -- really 838485.
Good stuff better stuff at the Javits Center we got to go back to the Javits Center.
Vick -- stranded with us chief innovation officer have mega brands now I gotta tell you -- I have three kids -- on my house it's bull.
Of your stuff those mega blocks when the kids a little are the coolest thing.
Blake ever ever.
-- they still one of your biggest sellers.
Yes they are as a matter of fact we're celebrating our 25 anniversary of those big block so we're.
We're really excited about that this here for 2010.
Now what about the licensing and how important is this we we we were talking to Donny Osmond earlier about the dancing Mickey Mouse and obviously.
Fisher Price and Disney anytime you can hitch your wagon there it's it's gonna worth Korea.
Thomas the train Iron Man -- I mean you're talking about -- popular movies as well how important is you attach.
You dig itself attached to one of these sub yelled franchises.
While licensing plays an important part in the business I think that -- kids definitely relate to those characters and especially.
As you say hitching on to the more popular ones is a great strategy.
This year Thomas for example in -- celebrating his 65 birthday and what we've done is created a line.
Little build a -- calm as vehicles where they kids can create Thomas.
And the whole world of the vehicles and as you see here in place that's where the kids can build and construct that sold -- island for example and a whole series of things that they recognize from these shows that they see on TV.
-- there's something about -- kids and building things in creating and I still see with mine mine are getting older and you know they're not using mega blocks any marble blocks have gotten smaller but they still love to sit and -- and create.
Are you seeing -- return to this to be just old school style of building with toys as opposed to the -- know.
Jumbo that I think confuses them.
Yeah I think thinks one at a term that you might hear a lot is back to basics.
And that constructions always been one of the more popular play patterns for kids.
And I think you touch on a great point what's really exciting about construction as it goes in mega blocks from first grasp.
With preschool toys here where there's some very basic building and and character play as well.
But our concept really is to -- up with the child in the family so we can take a child from one year old with.
Basic mega blocks -- you see here we can move them through that promise but as the child gets older we do really fun things with that Iron Man for example that you see here.
Where you know they kid now gets to build more intricate build again all about creativity and construction.
And that that thing that you hear from your kids probably is look what I did mom.
And that really elevates and transcends to to all age groups.
This year is -- is a very exciting year for us -- dragons dragons has been a 500 million dollar brand for us and we're bringing it back in a new and exciting way.
Where were really -- two exciting play patterns of construction.
And action figure play so here you see these really cool decorated dragons that the kids build up they're made of about twenty different pieces.
And what's funny here now -- were creating models and vehicles that the kids can play with.
And in -- -- -- way now with this landing gear which becomes a flight state controller itself and it should your camera here enough.
So so a lot of a lot of different ways for kids to build.
And combining that with other play patterns as well as -- hugely successful formula for my problems.
It just hear your title says it you know it plainly chief innovation officer.
Mean how important is it -- and put together a sort of a sense of allow your people to have a sense of freedom to be able to accomplished just about anything they want to see if it sticks on the -- and it seems to me like.
The attitude within your workplace is very important.
-- absolutely corporate that culture is all about creativity at that mega brands.
And innovation is something that drives the toy industry.
Of course we have classics that have been our product line for 25 years and they continue to.
But it's how you refresh them how you bring them up to date there's a strong fashion element in the plane mystery in terms of callers dialing.
And we've we really focus a lot on on innovation and trying to do different things to grow the overall category and keep it fresh and topical for those kids is there.
They're moving pretty quickly out there those kids.
Yet they show I think before we have to rat how recession affected you guys at all your price points actually are really pretty -- and mean he can get a big monster box.
A mega blocks for like ten bucks so glad you hadn't really felt that at all.
Yeah I think in that in 2008.
There was a more difficult year with the higher price points.
But as we as we approach 2009.
I think you hit the nail on the had mega blocks always represented great consumer value.
We really focused on those ten dollar twenty dollar and thirty dollar forty dollar gifts.
Find more friendly and affordable.
And that's done tremendous for us and as we head into 2010 we think value is gonna continue to be an important part for months.
So we're pretty much sticking to that pricing strategy that's been proven for us.
Think you also had some issues but the Toronto Stock Exchange -- reviewing a possible delisting with you this is pretty recent how is that affecting.
And I guess how is that affecting the corporate culture -- -- I'll ask you feel that way and turn.
It's actually a a procedural review that was taken place.
A lot of exciting things going on with the company and there's a -- recapitalization.
Plan that we have you left.
The lower debt in the company and fuel more expansion -- growth going forward so.
Onward and upward.
I -- you thank you make we appreciate you joining us today.
Thanks for your time.
I expect that -- trends from the Javits Center.
Chief innovation officer called apple title actually called -- -- -- mega brand he get there you know it really is a situation where they've got a lot of debt on their books are trying to restructured right now to move forward so.
Before they can do it not unlike -- has that story and had no you're right very similar look quite right and by the way if you on -- yes.
-- opened presents today and I think we -- History.
Quickly George wasn't -- on February 22 1732 he was -- Abe Lincoln February 12.
They get 1809 in 1968 congress.
Meet Washington's birthday federal holiday demand that and they continue what Nixon said yeah but they're both really cool guys.
So let's combine them got a quote by the way and it's important her quote -- -- and it's gotten that third now Monday of February honors both guys in the zone the father of our country and the great an educator.
Honored together so it did start out as Washington's day -- gotcha thank you for not only at Lincoln come on -- can't sell it short.
The man on -- day I'm a stay at my goodness knows -- isn't news about and you know I didn't and lot anti zionist.
You know he chopped down a cherry.
Tree admitted -- is because you know faults and you know move on from there thanks we appreciate that much more on toys when we come back.
When -- can evil and he's the wind -- -- and.
-- -- how much difference this product.
I quickly I want to see not what drives yesterday with my kids would you think about that loved it.
-- -- a you've seen before having seen what a -- while back so not so long.
Two years ago announcing their -- and I took my son alone I -- this time with everyone and woods what interests me is how they cast changed you know and -- kids it was now up -- It was currently it was the -- you know people he -- beat.
This time it was different and my senator pointed out that the guy that was that you know the ringleader captain who did all the funny tricks this time.
Last time was just like they're sharpshooter went into it worked so it was almost like he got -- He did -- and I practiced last night you attitude while last time yeah.
But it really all of that -- same antics and but this actually time there's a little -- on the team which is hysterical he's I mean if he's.
Slower than me it's a miracle -- OK so when he's not not a little guy like every village evidently -- little little little person.
-- -- that little button that little smaller it appears that seven -- -- and they won of course the Washington generals did not win.
They did not and actually they say I think that the generals have not won since 1968.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- CC sabathia and it was.
-- well because they do in the middle of the game they'd get a coma.
It was cool in the middle of the game they've.
Great locator -- on the -- will try to football and the middle globe try to baseball they called for new picture.
CC I'd rather see -- -- to be completely honest with you but that's just me.
Laura Ingle joins us right now CEO of kids again from the Javits Center look look -- the show.
Think he's found my city there are a lot some little bit about your products here -- about these dolls says the car real kids -- -- what these are -- up.
Terrible -- -- carried out means caring.
And my friend and I started the company about four years to create caring kids.
All of our products get back and it's accident happened tells -- logs online and donates and it's -- and donations that they get to choose how to help an added I'll.
Today -- where the money goes as well.
Yes we actually have an interactive web -- it freed up kids dot com.
There are six characters from around the world he can see that our lovely -- very high quality and soft -- dolls each of them come with a story but as well.
They live behind carried out -- dot com and during the codes that come -- -- and then -- kids -- for ways to help another child.
Eight she's between food home school our house -- basically take 3% at the donation and and direct it to that charity.
-- this is -- -- it's a great idea what -- -- well what convinced you that not only would it be worth doing from a moral standpoint.
Apple would also be worth doing from an economic standpoint a business standpoint.
Well actually at my friend and I came from very different disciplines and really came from -- passion from the heart.
We -- industries I come from a branding and marketing background myself and the consumer packaged goods industry and my friend has started the company is actually an attorney.
And we really wanted a way to teach our kids how to get back and how to help other kids around the world.
And really we looked around at the -- that are on the market today and we didn't feel like anything truly represented the beauty of diversity.
So that our kids here today could have a way through product to help other kids.
I think I love it and the Gaza and delightful this is a trend though in.
In buying and philanthropy and tying it all together -- -- -- seeing in this world.
You know it's interesting right because when we started this we certainly did our homework from a business model standpoint business planning.
And at the time there really wasn't anything in the toy industry yes a lot of the major corporations -- -- top line money -- -- that there you know bottom line or what have you but as a tight end with a product.
We really are at the authentic and the very first two brought it product along with a panic to help other kids around the world.
Now let's Isaac and asked me my friend and -- -- so happy and simply is that it really has caught on.
I think outspent them and the fact that there's not only you know within that industry but so many other categories.
Are helping -- -- and I think in this time period where we are anomalies that we think of ourselves that we really should think about it.
What's next for you love me Nadal is obviously been a success.
-- any other products similar products you've got to work off this idea and this concept with.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Americans with disabilities they're made in the USA they're very low price point at five dollar retail on -- nice picking up by them we have.
Let kids and all of our products everything has that -- that is back to help others and most importantly it's not just a top -- donation like many.
-- the products that are out there but really what it's about is empowering the child.
To make that choice and how to help another child and not but when it -- -- it's really about that filed Tuesday house here he wants to help another child.
Laura I love -- -- have a little Italian G -- Valentino is I am is Sicilian I would look and I constantly to really Italy into my children's heads.
You raised two million dollars in working capital with a fresh out of -- -- -- going back for more.
How how is that received.
I think -- that look I thought that CNN and I and I got ideas like that my favorite as loud so I -- -- -- -- -- And the answer to that as we felt very last to -- he had an amazing round of financing with family and friends we mortgaged -- comes to really start this company.
And really it's about the power and the belief that every one including a -- out there is really helped us to get where we are.
So absolutely in terms of growth and -- we wanna go in the future it is about giving and we believe that we are looking for future rounds but.
-- -- -- -- -- -- -- -- -- -- -- And quickly before we wrap -- -- isn't social media and FaceBook and Twitter to get the word out there.
If he could only steamy at home in front of the TV my head snapped and -- and I trying to stop.
-- it's really about as -- where small companies that we really can't afford an agency out Eric Snow when you're looking at -- -- -- at least tonight in the real deal out there who haven't and one that analysts mommy bloggers have been exceptionally that they really -- a -- getting back in the charity.
So really it's about word of mouth and the power of social media has the kind of -- advertising.
-- real kids the name of the website we have kids dot com thank you -- we appreciate it today and good luck right now.
Tyler angle from here kids it gives CEO of kids you from the Javits Center enough economically -- there he's going to be -- Albany chicken and that the -- toy fair.
The influence in that -- is and it's fashion link gets -- show it can hit -- so -- -- what's online actually about one articles in -- -- today Rebecca Taylor saying that you could watch her show online now.
That's very cool because -- it used to be like.
Political -- -- -- that's right and it was just like Karl Lagerfeld there with his fan -- fanning themselves -- -- night and hasn't Josh Ireland there's.
That's gonna happen for us we will -- -- you tomorrow markets will be open again and we will be here and will be working.
And I I President's --
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