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As a dot com -- -- Chris -- 12 o'clock on the East Coast not on the west good morning to all -- it's doing OK and we were down early in the morning -- green now we're up about ninety points on the Dow.
-- reversal big reversal.
Greece -- seems to be the word today.
European Union leaders scenic mountain back stop it and hope that if it needs to do did you learn anything and witness stand shoulder to shoulder.
Did you mean to do that Greece is the word is crystal pendant that why got a but I that it wasn't sure that you really meant to do that and then I -- like that yet it took me off you.
You Hussein earlier before oil on the only to -- -- -- -- that.
Couldn't concentration so much stuff going to remind.
I can't constantly it's just the opposite today and that nothing going on appeared nothing there isn't even if that was the first snaps -- -- that.
Five minutes at the -- reason to -- It's like -- say wait a minute -- Greens businesses increases who has in the movie yes that's what I am right now sorry about that guys that -- I promise I'll catch up we got another hour -- -- -- -- we agreed our show feel like you said.
Dow up 86 points right now.
With -- about retail but it's not what what's going on in Greece.
What we had about.
Taxes I know you love that mean -- tax and.
What about today is -- that -- -- -- here and she's fun and she's like she's easy to talk and she's gonna answer questions and its import in and not all tax people have pencil.
Pocket protectors -- it.
Let's talk about the market right now Charles -- joins us from Chicago VP the American Association of Individual Investors Charles welcome -- the -- it just.
Thank you for having me -- just got a little reversal today in positive territory is this all about some.
The encouraging news about Germany and the European Union and and Greece.
Yeah I think it as we did have some good earnings out today PepsiCo for instance.
But I think people are happy that there is some type a resolution to -- Although we really don't have many details other than a loan package as being off -- Increases willing to make some changes to their budget and to how they -- I guess -- govern the country.
Are you worried that this will.
This contagion will come to the United States is that there should we be looking at Europe as a wakeup call here at home.
I don't think so went to the wake up call but there is question as to whether or not Greece wasn't canary in the coal mine.
And it certainly raises questions as to what does the EU to about Spain about Portugal.
About an LA now we can look at debt levels and England Q which is not the EU.
And obviously we come -- to the US the president released a new economic report and that's wrote that actually has a lot chatter going on about.
How good his it's forecasts are that report for -- 5000 job growth per month.
That report card.
Do you just look at that and sort of say OK fine next because it just seems to me like it's just the number it's -- number -- pulled -- -- lower than 95000 jobs a month.
-- it's very questionable line it's not so much questioning the validity of what the administration is trying to do but.
Overall to really difficult to forecast job growth and I think even if you're an economist.
-- independent politically you have to look good job situation and ask yourself how corporations learn to do without.
And at what point -- corporations get business good enough to where they feel comfortable.
Hiring somebody right now where we're seeing growth isn't temporary jobs and it's really suggests -- corporations are looking to add staff.
But not looking to commit to actually bring somebody in on their payroll on a permanent basis.
OK so at the American Association of Individual Investors you did -- survey recently sentiment survey and you're seeing a one point 2% drop in the bearishness.
Of the people that you survey is does that still hold.
It doesn't -- weekly survey in those results -- actually as of midnight.
I reflects the period from the last Thursday three Wednesday at midnight.
Eric what's the slight increase in bullish sentiment and actually a slight drop in bearish sentiment.
And I think -- -- corresponds to what we're seeing in the markets we had this mini correction.
The S&P 500 down about seven and a half percent since late January.
And now we've kind of -- markets stabilize nursing support for S&P 500 around.
-- thousands -- -- five.
And I think the fact that it's holding right there is getting some investors.
Some confidence what we really saw with more investors go from being neutral expect in the markets -- plot to being up.
-- investors being left bearish overall.
Then now 100 day we talk about how all if things don't look so great I mean this morning we talked at length on another show.
Charles about the housing not only housing but also commercial real estate -- well -- 2010 this does not look to be very good year.
Doesn't like it's going to be a very good year for jobs.
A lie it looks like inflation may be creeping up if you believe what Ben Bernanke said or how you interpret -- yesterday that at some point time in the near future.
Mansoor raising rates I mean this -- not look great for our economy I'm not so sure -- People are bullish but I'm not so sure why they want to beat -- what do you think about that.
-- is a couple things underneath the radar we're looking at inventory levels which might be too low.
And when you look at the forecast for this -- 500 they'll really.
Based I think could have really replacement of inventories and we get back that should help drive -- earnings.
Forecast right now call for the SP 500 the index itself an aggregate.
To -- about 30% increase and earnings and that's really.
On revenues just being slightly better and inventories being replenished and if we get that we could actually see corporate earnings.
Actually improve I do think we're looking at a recovery that will not built like a recovery to many Americans.
So you haven't serve -- members yet about this whole issue on Greece that's correct.
We have a not -- -- that we -- actually the message board I do receive calls.
Quite often from numbers and they're really has not come up it doesn't mean that people aren't concerned are not worried about -- but rather.
I don't think -- the number one concern on their minds.
And I think that has less to do with how bad the -- increase our role to -- that really the broader standpoint that when you look at the global financial picture.
Greece is a pretty small planned but obviously if that problem worsens elsewhere -- EU it could be a huge problem.
Charles what -- you like from equity standpoint here moving forward both I guess maybe bouncing off of this little mini correction that we're having and then maybe longer term.
No I think longer -- the markets are gonna be okay do you expect the markets actually end the year up.
Obviously the January indicator which is based on whether January closes up or down with a little bit negative.
However that actually includes error margin of plus or minus 5% so we could see a slight.
Increase the SP 500 and still -- indicator hold.
I think the bigger thing is we should seek -- earnings growth -- and that will drive stock prices up by do you think it's going to be a very slow.
Recovery and we are -- -- see choppy markets and I think in this environment investors need to be taken both.
In terms and investing for -- and eventual recovery but also -- -- of a conservative maybe perhaps mixing.
Something like staples with technology stocks.
Charles thanks so much for being with us and let us know what the sentiment is once you include Europe because I'd really -- interest -- now.
Well bill thanks Charles child that was vice president of the American Association of Individual Investors out Chicago to got -- hand crank.
We -- -- the we we we knew this because we were working yesterday well you it's what I.
I pay off.
Reason and I know I was not I was paying.
It's basically if it's here.
You're traveling with the kids I get -- -- -- -- -- -- like -- -- actually because I am -- -- and I don't own an adult -- so hot -- but if you got down the street the -- people to think of an adult double you'd probably probably would have been out anyways if I would have -- that a lot because even in -- Jersey.
Where would they do get a lot of stalinists who waved as and that a lot of snow that's it right up 1415 interest but you know I'm in great shape but with the kids -- you don't realize how far you have to bend down here that the that you feel like total OK -- we talked about this earthquake yesterday while you were working at home and we were working here.
Four point three on the richter scale in Chicago on that is a hole -- tectonic activity going on.
In northeastern Illinois but in this particular case there was in you know four point days have to be -- be for you can feel it.
Said he slept like well you can also do that happened at 4:30 in the morning I think or somewhere in that -- so yeah it's not enough to where.
Particularly in buildings here in this country that have built to a different standard you really gonna feel it four point three I was you have to get up and in.
Fives and sixes before you really start to feel the and certainly wake -- so that.
But sort of -- -- -- that we'll put your spot title caught my -- -- you like -- Winter Olympics.
-- -- -- -- -- laugh a lot of people like ice skating certainly NBC's gonna like ice skating that that's a big -- I like -- I just to confounds me that they can do and there.
So I watched bomb what about a winter -- summer would you prefer summer winner in -- -- -- Winner you do what like winter games okay -- the -- games start on Friday night of this week in Vancouver.
In Vancouver is coming off the warmest January on record.
Even just yesterday was in the mid forties in reining in some of the Alpine venues now -- have -- some of it -- that some ski area we're all familiar with their British Columbia in some of the events like freestyle skiing and snowboarding.
-- on Cypress Mountain where they're having to sit.
In on the -- around I other areas of British Columbia and they're taking helicopters.
And dropping snow on this mountain can you believe that because not only -- -- -- the warmest January it's raining today.
But it's supposed to rain -- through the weekend.
In the mountains not snow rain.
The Olympics on my street I have so much -- that's exactly what should summit this snow out there to Vancouver you can have as much of it as he wants.
-- that's going to be seriously I think I.
That there really sweating it out right now as they and that stays away from the winner that's partly killer expense -- Like Cheney it -- can't even imagine not having snow with some these events where it has ever been a Winter Olympics when that was an issue that -- that I can remember I did it ever being held at a place where.
Snow was an impressive tour and then now.
Great sushi in Vancouver probably the best and she in North America in Vancouver but I don't -- -- start too much because you know you'll -- the secret.
-- -- break we'll be right back I'm gonna rush often don't go to Vancouver nobody.
I'm going to.
-- bad at all.
-- sorry -- actions could be gotten what I wanted to read some posts and certainly no question I told you that threat I'm not gonna do any Nicki row on the board she said I do not see Obama sending any jobs out here to rural Colorado he's stepping government jobs that does not help us all.
That is like the overall sentiment.
Right in this new -- this bipartisan plan that they were Greg is hoping to debate on the floor of the senate that is still has pushed that off until March is tiny.
Ten billion dollars.
Exemption from pain.
I guess Social Security tax which as you said a couple days ago that's about 6600 dollars -- because of the there's a ceiling.
-- I -- taxes Social Security up to I just not a 1101000 dollars I think that.
So on -- up.
It's it's something but I think it's gonna get done because it's such a small bill the Republicans will say look.
We're working with the White House in the White House will say look I got a jobs bill through we got a -- filters a kind of a win win for both.
Even though it's gonna create about this many jobs -- In the overall scheme of things.
All right Jeff Flock joins us right now this so recall has legs we talk about it all the time and it's gonna continue to have an impact on Toyota we saw it in January sales -- -- the last.
I guess probably -- we west half of January at most it's gonna continue into February is it -- all signs point that way.
Not only in terms of number of Toyota sold but it appears now based on Kelly blue book and -- doing some outsourcing out of numbers on this it will also impact of course prices.
I think just put a forecast -- that said that average price of a Camry is gonna fall for between 500.
And a thousand dollars new.
And the -- should fall between a 1015100.
So maybe don't buy the stock yet but.
Might not be a bad idea to buy the cars once these discounts start -- and and they may have to continue to do that in order to get this this inventory move they're sitting on a lot of cars right now they've already built that they can't sell.
You know this is I mean you -- know the answer this you may go comment on this the I thought I heard this from dealers.
That people were coming into look at GM's in Floyd's another Meeks but they weren't buying because they had Toyota cars and they were afraid that if they try to trade shows Toyota cars -- -- they were gonna get full value for traded.
This is now with GM and -- says was one of the reasons they put the thousand dollar incentive in there was like they -- trying to -- Toyota's -- but they were realizing the value of the trades were going to be less you know that that extra thousand would help.
And I asked both both mark so mark fields the president Americas for Ford and -- Royce the president of the US for GM.
If they had any numbers on -- can't call what they call conquest sales people trade their Toyota Ford GM -- -- They claim not to have any numbers but it's been in effect for a couple of weeks now my sense is they do you have numbers and apparently had.
Had a huge impact thus far but you know the longer this legs.
Has more -- this -- yeah the more you're gonna see that I think.
-- -- but you know over 10% year to date Jeff I I am with you and I've been saying in this I think there's more to come I don't think it's time to -- the stock yet but.
That to -- now because I tell yet.
-- you hear it -- it it's it's got to be endemic it's got it affect everything just based on the way they meet these cars they share flat.
Well it's got -- it's gonna impact the bottom line in addition to the cost to the recalls now you've got the cost of the fact that the use -- Vehicles are gonna sell for less going down a road.
You've got the fact it probably when they do finally get past it to a certain degree they're gonna start discounting which they've never done before.
Toyota buyers have never gotten a discount cards -- have to.
And this puts them right in the league with GM and Ford and Chrysler.
And all the other auto makers that you know counted on discounts.
In order to sell the cars that you know they're they've ramped up production -- got a lot of production sitting out there.
If they're going to ramp down production we're gonna have to start getting rid of people and people often make fewer cars.
And they're not a good position to do that right now so they got to sell cars and that's what killed Detroit.
Discount you know making cars they couldn't sell -- they had to discount and then you know that impact is far reaching as we all know.
-- you're so right now and I can't speak only from personal experience and my experience is only on one car but Toyota did not budge.
Everybody else was willing that.
Play with the numbers and what -- -- war in another room it was high number and they would not move.
That's right and you know so it's over the -- and attracted to certain firing another some people I don't know about you Tracy -- me -- the kind of guy who looked up at the list -- -- you know.
20/20 grand I will find a way to pay 22 grand for him I say I would negotiator at all.
But it you know so that actually played into that is a benefit for Tori -- you had those kind of buyers that came in and said he not to worry about the GM dealer who's gonna like.
Try to you know now let's go to the manager and let's do this and I will throw on the floor mats that.
You know it appeal to that more intelligence like stupid is street Smart stupid -- And but you know that really was a good thing for them but now -- put some of the differently.
-- -- -- -- -- Now sometimes you know I don't I have holes in my my knowledge -- hardly believe -- Jeff Flock thank you so much for keeping up with this story this -- -- in a minute I got some the euphoria reverence and friends.
You know and once you do what you look on will we get a chance right now.
On the folks at -- go to -- to watch.
End out pulled the story on Toyota's.
Web site traffic is very interesting story -- -- the road it'd just basically about how.
It to be a leading indicator because people generally tend to go on the web site first check out the car -- angle in the show room.
And -- traffic has been down a whole lot but when you look at certain models overall 45%.
Down on some models.
And it's interesting it's up.
For like -- -- for example and for Hyundai is and it's down like -- a good example according that you cart dot com.
The Hyundai Sonata since the way it's not a recalls up 27.
Percent in terms of page hits for the Sonata -- -- -- down 39%.
They Kia Forte up 33%.
45% drop in Toyota Corolla and this is seen as a leading indicator because.
You know this will help possibly translated to sales down the road as people look at it on line that's what I want nominee go to them.
Dealership -- for its act I said this I'll say it again no we've never made by Toyota right now.
Jim Crow is here with us founder of Winston at retail solutions to -- that right.
Thank you for being with us Stan.
Would you -- -- I'm not.
Don't not -- Angola from you know when we were looking at our notes for the show today.
All I read was the topic under your name was and I want -- -- -- because it's very it's cool.
With a unique creative thinking combined with updated data analysis and infiltration on the local level that's what got me infiltrate some like -- spy novel.
Infiltration on the local level retail doesn't have to suffer will retail suffering right now in recent.
It's not across the board in general.
Now what is all this stuff with in full trading at the local level -- it really does some of this.
Lineup here yeah well -- you know you have to admit I mean today it's all about the consumer experience.
When you're shopping here finding that there's really not a lot of sales people that are out and the -- in the stores.
And it's all about when the consumer comes within the store and whether that be a retail store or in a department store and I think.
Brands that are really investing in what the environment looks like.
Through visuals or -- you furniture -- mom and I also think from the field.
Felt for some perspective.
Understanding that they're getting product knowledge when they're buying something so -- -- -- -- what we've done is developed a company that's able to facilitate brands.
On the help then.
Educate their salespeople.
And we also have a nationally based program of about 700 people.
That work with different apparel accessories and including footwear and beauty brands.
In order to not only educate their own -- people but they visit the stores in order to bring the stock to the floor.
See now I just bought I hate this decide Paulson from best buy is one of our friends at the on the show -- and had to hammer -- best buy right now.
Oslo and -- huge TV -- today.
And I'm -- -- -- Sam dressed denies them wearing a suit.
I'm watching the biggest most expensive the bad -- TV they have on the lot.
In no one comes up and -- if I need any help -- -- I don't I'm not there watch Sanford and Son all right on the air.
Man doesn't want to walk and a lot less he wants the body that's the old saying and not one person came out to me and said.
My -- there's a guy looking at that huge TV -- -- -- ask if he needs help.
-- -- -- balloon and the concept is how to make it easier for you to buy something so it's what is the environment look like.
What is how educated -- the sales people is actually the stock on the floor if there aren't any sales people.
And what we do -- help brands facilitate that transaction.
On many times you know when brands and best in.
Working with us every dollar spent with Winston they could receive.
You know anywhere from twelve to twenty dollars as a return but how what do you do I mean yeah you -- with lucky brand and -- North -- -- -- are big names.
How what do you do to help them.
We actually have like I said a nationally based pro.
Graham of people that are out in the stores and we each month go into the stores and actually insure that they in the department store this morning good arena.
That this set ups are the product is set up appropriately it's easy to shop the environmental clean and comfortable for people to be able to shopping and unfortunately because of all the layoff what's happened to a lot of the retailers have cut back on staff from the -- yeah so without facilitating this on a weekly.
-- monthly or monthly basis.
We enforce the product to be needing a consumers' needs.
And so let's say for a Nike we go in and we put the product on the selling floor in order -- when the consumer consent it's easy to shop and they can take it to the register.
There's many times like these large cash strapped and -- salespeople in the location.
-- greens have actually invested.
-- third party people coming in and -- keep that for -- -- -- -- and make up for the lack of sales force in the stores.
Who aren't there to push their product cracks and then we also do a lot of training as it relates to the sales people on the floor.
To influence them you know one of our clients is teeny.
And that we spend an enormous amount of time training salespeople on why somebody would -- teeny vs another brand and pay the difference in price yeah.
And that has helped facilitate sales for them so the investments made.
On behalf of the brand however the retailer benefits from -- at the same time.
Jan thank you so much for gone -- it's good stuff.
It's the companies' Winston retail solutions Jane crow is the founder of the decision thinking I stand that they break we got a lot more to get -- tax time.
-- -- send us your questions containing that there is gonna be here.
-- remotely but still be answering that and so show up -- give us within -- -- assessment and now we're back.
On the back to foxbusiness.com.
Live -- -- -- cut a 1224.
On the East Coast nightly -- on the west good morning to all of you got there.
We have a tax expert on -- -- year.
Questions to the chat in the Mort I think -- -- to pretend that a lot going on -- your head read an email just hit it but it's a nonsensical stuff that's like.
-- I keep thinking that the lyrics degrees.
In the other songs in the victories but I cannot handle this one of these school -- you just go to audit Chad give us your questions -- -- -- -- -- for as much I would just -- -- also.
She is up from top ten review she's joining us from water great -- Salt Lake City fantastic place to be Jessica.
Now what it is very Yahoo! did Turbotax is the most popular was the one everybody thinks Simmons and the tax prep software as they're -- be -- Tim Geithner special edition collector's edition.
Now -- -- -- and I had to -- it's easy it's 45 minutes that I would definitely get their -- and that -- Jessica that is Turbotax is the gold standard isn't it.
It is you know it really is the bats we've tested all the products -- rank them.
He can't go wrong with -- it's -- there's a reason why everyone knows what it is.
And it really is it that's because -- -- tested on user friendliness.
It's really easy to find everything you're going -- need to file taxes and attacks -- can be an overwhelming process.
And Turbotax really does simplify that process.
And making it easy to file your taxes.
And -- -- -- -- all the deductions that you could possibly ever need to get the most -- refunds the forget and they -- the industry specific actions as well.
And it's because not only asking about the actions at the beginning of the process that often yet it says you never -- -- does the -- -- get the best treatment possible.
I think one of the things that I am not used eight -- the provider like this in a long time I did for a few years.
Should know that Chris -- still takes.
Penciled play caper I do -- -- -- every he'll -- goal pretty easy even -- the city.
But aside from that here's my problem is -- would get halfway down.
And I would remember that I thought I didn't did know did -- then I got this hockey now and then.
Then the computer gets an all these loops than the program you how these loops and it doesn't doesn't add up right that I.
The great thing about these.
Yes I had -- in the great thing about these programmes is yet it come along way past the years of grants and really they are going -- -- A lot easier and that's -- we rate them on navigation NC can find it wiggling and even if you forget.
Teach you something at the beginning the process you can always go back in finding and that's going to be easy place to get massive terror attacks -- -- that's H&R block.
We'll also -- which is our number two great product get a little physical but at practice and I promise you know it's a lot.
It's -- way more inexpensive than hiring a tax professional.
You know what to do your taxes it's going to be really grainy and it actually help you minimize the -- is as well they're gonna look.
And everything -- -- don't IRS to -- you for making a mistake on your forms and they're really gonna help -- You know check the forms -- -- -- -- Everything correctly then Jessica when I was and the back when I was actually.
Writing stories in covering taxes I had to do this every year as well and I use them all just like you.
-- what's changed as far as the -- activity.
Because there can you pick three good ones tax -- definitely the cheapest I don't think it's as easy as the other two.
Turbotax -- I think Turbotax blows away but I used H&R -- product just is pretty much just dissimilar.
What's different now though because -- now there's all notice options we can get somebody on the phone there's all these -- -- -- questions that's changed over the years.
That's really changed and that's play eighteen.
ATV the option to set you up with one -- -- professionals to talk about your taxes.
Offer free access to great you don't have to go anywhere to talk about a -- out there right going to be -- there rightly he -- on the computer seeking comment.
And -- attacks is gonna charge -- -- actually.
But your text has agreed to live option -- can go into the community asked the question.
Probably -- are -- -- -- question you're thinking that you can find an answer but if not you can't.
-- started to -- to tax expert by H&R block on the other hand we'll give -- -- for free.
So how much more expensive than his -- have lots product and -- -- -- because they have that live person waiting on the other end of the phone.
Right see -- you're going to be sad HR block is actually steeper it's it's -- me cheaper than ventured attacks by about five dollars on around.
But Enola S but you overturn attacks because you like the user interface it's really easy to find what you're looking for.
And now it's industry standard bank in -- pay a little bit more for that indices that are bogeyed -- -- get.
Jessica I'm gonna I'm gonna get that HR block -- I'm just gonna call the number and say item online thirteen go.
Now I have been trying to -- the hole and hired.
Taxable -- the forms for me in -- -- to think that I share.
What I will say yeah.
People lose patience I think ever presume -- gonna sit down to their tax return online and like twenty minutes and get outside around -- doesn't happen that way and -- -- -- But I do think it is a very good exercise for everyone to at least try -- you understand the process.
Jessica thanks good to -- me.
-- so -- that Jessica Faust.
Top ten renews its Turbotax HR block at home and tax act.
Those are the three that she likes to headlines they're good when speaking to -- -- -- or any executive director of the tax institute.
At H&R block is with us.
Amy so good -- you to be here with us.
Out it's great now -- -- things that last conversations that -- I I think you put down that and then and just call it yeah.
But his -- -- -- -- -- all my recede Sunday what is the guy press on the other end of the phone and let him to have that it.
81 of the things yeah you guys have gone for you is that you have brick and mortar places and so I can't sit there and I'm totally confused I actually -- -- -- return -- -- -- bring it in and say please get back.
Yeah that's right -- bloc has.
You know about 1110121000.
Brick and mortar locations that are about five to ten minutes from wherever you worker -- -- -- that that is a plus.
Because the tax what changes -- -- -- you know that's me 300 tax law changes just this year so people are gonna get.
Very confused -- but I also agree with you I think -- -- -- people try to sit down and and do it themselves because that's really kind of did that that check of and your financial situation.
As well as kind of figuring out how complicated it.
Yeah I ended wanting to the -- thing federal taxes are still pretty easy to do relative to New York State taxes that's those are the absolute worst in the world it's multiply this number of bytes.
Point to move.
-- -- Added -- -- the end it's unbelievable.
And then in England then as states and work in another step I -- and that's our mentality issues that -- -- another really complicated especially mountain figured out on an abacus it takes forever to get it done and.
-- a little one of the things that you talk already -- some questions that a little bit but.
There are a lot of folks out there that received unemployment benefits a lot more this year or last year I could say than in previous years.
What do they have to really pay attention to when it comes -- time because you might think well it's pretty easy just put the number there but.
There are some deductions they may be able to take this in tax breaks that they probably aren't aware of right.
Yes so we did a survey and three out of four people.
Didn't even realize that unemployment compensation is actually taxable often so when you get that 1099 -- You need to keep that you need to report that as income -- -- -- patient is in -- -- that here at as you alluded to is a tax break.
Exclude the first 2400.
Dollars you won't get taxed on it that you need to make sure you exclude it off of your federal income tax return.
Yet at -- -- that I I feel like to be in big bold letters when you sign up for unemployment it's at -- screen it's you who.
The body fat tax withheld but still got I Danny's.
I know because you don't wanna be surprised at tax time with a lot of people lined up and don't have that -- with health and -- -- -- the -- -- -- -- with help there either so you just and hit six race till Tuesday.
Let's talk about the new home.
Tax credit -- a lot of people bought new homes.
People need to understand this thing because it was extended its going on what.
No one knows what's happening when it.
I now I now so it's it's not too late that's the headline it's not too late if you want to buy a home you have till April 30 yet.
To enter into contracts.
In the April 30 this come April 30 they got to that.
It's not just for first timers anymore even so with your -- -- home owner you can still buy a home and get a credit of up to 6500.
Dollar -- Now this is -- to hear first hand though less -- about 29.
Let's presume my blood bath house in 2009.
I can still qualified long some first time home buyer.
Exactly actually November 6 with a magical date November 6 -- spoken.
That November think -- the magical date let me explain if you are a week -- home buyer you bought your house after November 6.
That's when you could be eligible for the 6500 dollar credit and what about the first time homeowners.
First time home -- if there's there's not that November 6 match.
-- -- That was a question from -- one of our -- if you bought the home in November's us there if it's the fifth if you were first time home buyer -- -- month if you're -- home buyer after November 6.
You're in good shape.
Amy -- will correct me if I'm wrong their income limitations if you make too much money you get it's happened.
That's right -- -- -- with just -- every tax break that was passed this year.
There are income limitations.
And actually after November -- there's actually a price of the home.
800000 dollars -- of course I'll probably impact more of the repeat homeowners but.
You know the income limitations did change after November 6 and it's a little bit.
It it's it's made it's much more beneficial to the taxpayer.
All right here's one from -- my grandfather left me a lot of money in his will congratulations Wayne do I have to tell the IRS he just did.
He does have to report that -- -- -- -- You know I am how would they and Harry -- and -- date was set up that's Adam.
Probably really important to go back to -- how that was set up because whether it's life insurance proceeds.
Or -- and how that works and another interesting item about the state tax.
Is that in 2010 right now there isn't and state tax break so that's when the items that congress' is going to be dealing with her shortly hopefully.
If you look look he can do it now.
-- -- that's not a -- Yeah I haven't had.
But -- I have known requests up and let's let that be actually less about the big issues and for -- 2009 return.
What -- -- -- seed heads different I know -- the sales tax somewhat.
Car then right.
-- -- facts on a car you bought a new car you can deduct the sales tax.
But now there's a new form so that will look nearly -- the schedule well.
And there's going to be some other kind of deductions on their as well to take a look at real estate property tax but that new new cars sales taxes one.
Another thing that will be very different for about eight out of ten filers.
Is this making work pay credit.
And you're gonna -- have to -- -- a new form for that schedule and -- Amazon for making work pay credit.
To make sure that you qualify for the right amount that's an impact eight out of ten filers.
-- -- -- They keep the 1040 -- two pages but they just keep batting all the support incidents will not -- -- a double letter -- yeah.
Oh still it's whistling in the markets trickery.
You know -- Jessica alluded to.
In the last in the last interview I that that you know the software programs they're at today.
Which is great news and it really does guide you through all the different places so.
You know but to just some new things -- -- -- schedule and the and schedule well.
I'm real quick question here as far as audits no not because I would be worried about being audited or anything but why they are -- things that are red flags for the IRS that maybe you should avoid.
You know that that we are -- -- that fearful I don't want to get on its head.
-- -- at about you know a little bit less than 1% of individuals actually get audited.
There are some things that the IRS does does take a look at you know -- the typical home deductions because.
That's that can be a gray area and people may take liberties that they aren't supposed to be taking in the home deductions.
I'm claiming children when they're not your children.
It may sound funny then there's a lot of intricacies and that question itself.
So yet even -- -- Social Security numbers or.
Not signing the return so those are some the items that iris looks for that you know first -- -- just make sure that you are.
I'm asked that it would be complete your tax return -- -- you get a system that you're going to reputable person that can help navigate the complex yeah.
Can't think -- billion extra children in my house all the time I feed them might take care of them I might as well technically yeah but they didn't help fashionable listening you like to remain here.
Eighty plus long and let them to work and yeah I yeah they shout out thank you so much for being with us.
Bank -- -- -- any executive director of the tax institute at H&R block out Kansas City, Missouri.
We're -- speak to real -- when we come back -- -- -- if you saw -- yesterday was actually fighting the blizzard he's gonna join -- talk about financial regulation YA.
It is bogged down -- right now on Capitol Hill right.
-- market that's up 84 points on the Dow here on foxbusiness.com live Cotter and burns obviously.
Now we've reversed course your first hour or so of trading -- couple hours we were in negative territory just now we're heading upwards in Tracy what's guiding.
A lot Greece talk right.
You know -- and -- beauty school drop out Boston Scientific is deep down actually put -- narrowed charges shrank.
And we heard news earlier that there defibrillator.
My happy we're concerned greet the end of one particular model that in writing a -- -- Defibrillator is questionable and that just.
It's just me -- -- This -- my father actually has one of those soliciting help me as someone that you -- you know Baghdad and watching now news.
You know they -- guided in April 2006 this is such a great company homegrown American dream story.
The -- gotten into dozens -- fortune magazine called this the second worst deal ever -- I've got to believe to the Iowa time of my voice but -- down.
It's been a massive distance to Boston Scientific be SX yet they got UST OUS and 500 today got an iPhone upgrade.
And it actually probably -- home this market dozens.
Big big move on the Dow -- not our agreed to pay FDIC.
Taken portfolio of 5500 distressed.
And commercial real estate loans.
Target a little risky stocks up 8% and Allegheny Energy that's part of the deal FirstEnergy is gonna -- Allegheny.
I think at that the price was -- 32% premium to yesterday's close great deal for Allegheny.
First energy of course down no surprise out he was about 11%.
And finally -- LeapFrog Enterprises now I have to pick -- -- Oscar out to me this morning then they sort of premarket educational products fourth quarter earnings nearly doubled expectations.
Forecasted strong growth.
I have used every single one of these LeapFrog LeapFrog products and he seems to know.
They it's you know it's not just -- to run it's a drug that when you hit you hit it.
You learned the alphabet and you can cure cancer all the same time or and then there's like this little radio and its sister being at least you can tunes like teaches you -- languages and helps -- construct the new greatest Scott Elkins -- mental overload for these kids thank you for -- -- that enemy realizes moving on old squadron.
-- rich -- learned all that he knows about what happens on Capitol Hill from those LeapFrog product that I Al look at you all toasty and whatnot in Delores I ain't my thing.
They got -- that you know other -- that this blizzard what is keeping financial regulatory reform from happening at all -- and a blizzard in the fact that nobody in this country wants its.
-- -- Those from.
-- that you were either have problems with the specifics that they're talking about taking up the consumer protection portion from the Federal Reserve.
Putting that into a new agency -- don't think to creating that wall is necessarily a good idea.
Maybe even rushing it we -- we really don't even have a full -- Capitol Hill in an investigation into it.
The financial collapse happening and we all know how it happened but as far as regulatory reform is concerned.
Some folks wanna do a much more thorough investigation of that see how the regulatory -- system failed.
And then move forward but we've got some negotiations happening on Capitol Hill we had senators.
Chris Dodd and Richard Shelby the two top.
Senators on the banking committee they reached an impasse last Friday -- now.
Senator Chris Dodd is -- meeting with the sixth highest Republican senator Bob corporate it just came out a short while ago.
And they're moving forward on regulatory reform when industry sources talks.
Are very serious.
You know where he the president kind of back off a little bit on the banks right sort of taken a little apologetic tone.
Saying he doesn't blame them so much anymore it's just so I know what's going on here is this in effort to get Jamie -- back on his good -- It might be -- you know there is a -- where hitting the banks and banks kind of took it they understand that you know they had to come many had become the the government and asked for assistance and many were to blame for the financial crisis -- pieces of the financial crisis.
But -- they'd taken the approach where OK -- piling on Washington quit piling on administration.
But it's a PR winner a lot of folks have this populism going on especially on Capitol Hill may seem like hitting Wall Street.
Is is a good political winner -- them so that -- the president and the administration pulled off a bit lately but going to be 2010.
-- banks and Wall Street are about as popular as they are now expect more of that.
Come on -- on September October.
-- that it around that time they -- for those who I didn't get a chance to see yesterday I wanted to show everybody.
-- what type of of -- -- warrior you where yesterday here we have.
-- In the blizzard working all day long now what was your first to yesterday what was your -- hit.
Six so five and like 510.
Now that his side as a solid days away thank you really appreciate it thanks -- I will say we got about fifteen inches in Jersey and it is very difficult to get the Camaro.
In fifteen inches.
I -- and it's that you got to put cinder blocks in the truck and adds I.
-- -- thread thanks guys next to his sneakers yet that doesn't mean it is -- take a break -- -- Valentine's Day coming up this weekend very important for -- I.
And now -- -- We're gonna find out exactly how important this is gonna.
But -- foxbusiness.com live.
Chris is getting reprimanded by our audience -- room.
Oh I just lost it when you know somebody -- -- I had tried calling -- your I know the thing about him I sent an email alone.
I think you're right -- never do that anymore because he's one of these semi retired I call -- and it goes to voicemail was so busy on the side in -- to cool for him he I guess so maybe that's the case stop -- the right now joins us.
President field of flowers like this independently -- -- a flower -- in South Florida joins us from Fort -- -- look at the show.
They had -- -- business for you Helm during this recession here as we head up to a Valentine's Day on Sunday.
Well there's been a lot of little soft like -- most retail businesses but we're looking for a great Valentine's Day it's it's looking really good really bright.
-- I my mom flowers and I didn't feel any recession in those braces whatsoever I still need I think a lot of money to send you know I -- whenever I sent but.
How much are you seem prices come down.
I'm I'm seeing prices about the same as they were last year.
I think that you know force around the country are given great value.
Beautiful fresh flowers I'm getting those flowers delivered even in two -- -- -- In my mirror you're locally on floors they're they're gonna get your flowers there -- how -- -- pricing wise is about the same as last year.
How important is it to be a part of -- the FTV dot -- in the 1800 flowers you're part of both of these networks.
And I've often wondered that myself -- this acting US a big boost and look.
Why wouldn't you want to be a part of these networks.
Yeah I don't I don't see any reason to not be a part of and in fact they're really there really are important because it allows florist from all over the country to send.
Your flowers to other -- to send the order all over the country and get it -- get it delivered.
And then not you know FT dot com and the the big national marketers say they do a good job out there of of marketing to the public are our product.
And so they send us orders and and you know we fulfill a lot of their orders and in our area because of course they really need us the local -- to two fill fill the orders and get -- delivered so it's a good relationship.
-- -- -- Now what I'm saying is still as big as -- -- -- does does everybody send flowers on Valentine's bank.
I think so I think this is bigger maybe getting bigger it's a big big holiday forests.
It's it's a lot of work it's a lot of pressure but.
Honest and I wish we had 45 other valentines days during the year but it's it's good for the floral industry in question this was my question because let's face -- Valentine's days and a made up holiday.
Lawyers and hallmark you guys love it why should try and pump -- arbor day or Flag Day -- -- Like -- as -- and the holiday we supposed to give out -- you know okay.
Well you know over the years the industry is actually tried to do that we we promoted mother in law's day for I remember here it is.
It never never got traction never got traction so -- we.
We'd love to -- create a few more.
You know we have national secretaries day -- our national professional us administrative assistant at -- or whatever they're calling it.
That's that's that's done okay but.
I don't know a holiday celebrating love I think is a natural and in -- just it's a great holiday for us that they can.
Like a great holiday in general -- City opinion a whole year on -- -- No I'm not the whole year -- Mother's Day is a very big holiday for us and and Christmas and Thanksgiving and that there -- other holidays but.
Valentine's Day is definitely big big.
Boost for us for business wise thought why maybe you.
Maybe you don't millions -- maybe you could maybe Mano Y or flowers so inexpensive in New York City.
Compare the rest of the country I mean you can get -- little bodega.
They get a great bouquet of flowers for next than not than -- -- in the by half gallon of milk -- -- 1850.
Why is that.
I don't really know I mean I guess there's.
You know there's a great.
-- net network of producers that has grown up over the last few decades and in Colombia Ecuador and I think there's a good.
Logistic system to get those flowers from the basically family farms that are growing them in Ecuador and Colombia.
And get him up most of them come right through -- -- -- international airport just a few miles from here.
And then their truck their trucked up and refrigerated trucks and there's now you know a lot of -- capacity a lot of good trucking lines that the track them -- refrigerated trucks to virtually every.
You know corner the United States and I guess there's there's good logistics systems aren't coming in New York City so I guess that's what keeps the yeah.
The prices low and in New York City but I think our prices.
At field of flowers here in South Florida pretty pretty good also us.
Come on down if you're down in this area will be -- -- -- to show you some great -- on flowers to.
There's certainly no snow on the flowers down there -- that mark in our chat -- quit my exact question.
What's the most -- bounds and -- -- is it's still red roses.
Absolutely absolutely roses are the most popular week.
We we like to push -- you know all the other beautiful cult of -- so different colors of roses there's them.
Some wonderful ones at the the growers and -- items that have developed recently so this.
Selection out there of all kinds of colors and shapes and sizes and but red the red roses still -- still a favorite no question about it.
Good can -- got a mix it up -- -- and it's another renowned you know in Indian dispel once and -- -- revenue that doesn't work right then count.
I -- got a lot of time ago gave me a single -- -- said that it was different.
He could have -- but I'm gonna give you a single rose in and I think different HT.
As -- it seems to me like that that didn't really work they do not.
You know you're -- perceptive Dunn thanks for joining us Donnelly appreciate it.
That's that is good to be here lanky guy sit back with the around -- -- -- it's -- sit up here and he's the it doesn't -- we can bill that went up.
Conflicts media present a field of flowers down in South Florida joining us from Fort Lauderdale -- isn't just about.
Giving flowers -- -- Indian and -- Valentine's on Valentine's Day it's about romantic getaways right my right about that is that what it's about.
You're talking NASCAR and I -- to the most bitter -- -- I talk about single rose in someone's any -- of pawn it off as being different.
It Kevin -- frowning you see is a friendly it's been that like Bruce running the baseball my father let me is that really your father Huntsman filed YOK I didn't know that -- -- usually I say that at least -- also the board's review.
Yeah I -- I.
Actually was gonna say that only tell you -- not get.
It's OF Lee and I think you're right it is an idea it is this father's -- president meaning vacations incorporated.
OK so we're finding out that people are sending flowers but fighting they're still sending candy invest time.
Right they -- some people are.
I'm holiday traveling -- couples travel and still they are traveling I'm still trying to figure out why case he's not getting more -- -- is that I didn't know it really is the.
The figure it out as a nice hat I guess I'm glad it's been -- -- breakfast that's.
It's the -- -- travel though they are and.
As matter -- -- on our businesses is very good right now we were just down today we were filming and episode on the Martha Stewart show this morning.
And we were doing all but -- -- weddings and that whole romance side destination weddings is really really picking up right now -- for us with some of the new things that we're doing I do have a friend who is.
And getting married and he and his fiance they're trying to figure out where they're gonna go and what -- -- places right now that are hot.
To go in and the other thing too is I think it probably a lot of couples probably don't wanna go to the places that are hot because they're common in it maybe they might want to.
Go to someplace that's a little bit off the beaten path.
Well part of the nice thing about sandals and beaches resorts -- is that we have exotic destinations there.
Which places we have three resorts in Saint Lucia we have -- -- -- got.
Turks and caicos -- and -- familiar with.
And down so you get that traditional Caribbean feel and that's where what people really want and that's where.
Where we're seeing the momentum going is people don't want to have a cookie cutter experience they wanna go down they want to do something unique and that's really the trend in the Caribbean right now.
I've been down as -- -- nose and my kids tonight my -- -- -- in particular have sat in on some of these weddings 'cause my kid my daughter feels bad that there are a lot of people.
So we've become part of the audience and I do have to say that.
It did it I mean everything is there except for the crowds everything is there.
And I think there's some really said about the fact that there's like people doing second marriages and things like that so the kids are entertained and you kind of get everybody entertained in one shot.
And you don't have -- -- Who were all about those on core weddings to in this that we get different names from we sort of settled -- -- when you get married a second or third time in.
What's really interesting is has begun to bring their home -- on -- that's what we're gonna call -- -- had.
So yeah third time -- time.
-- it but people what's nice about it is is they tend to bring -- fairly -- kids.
Our beaches wedding -- program is just outstanding for that kind of a product -- we're seeing a huge trend.
More more people are getting -- the second time they still want that romance they still -- that feels something special something different.
And down the -- luxury included experience that's what they're really going for.
Mom and now we have in my family three daughters.
And so and too little -- got married so my father that's probably why -- the word defibrillator right -- expense of those weddings.
We don't do it can weddings can be outrageously.
Expensive is this it is in a way -- actually economical way to have a winning because.
-- mean everything from centerpieces and just that's outrageous -- -- it is a very great it's a very good.
Value play and when you think about the cost of doing a wedding.
We have packages -- our Martha Stewart Weddings packages start at around 34000 dollars.
And win and you can customize them you've got different options.
You get all of all the -- you can bring down groups of people down 1520 and it is a tremendous -- I mean when you look at the cost of an average wedding.
And reception at 67000 dollars you're talking about a fraction of the price you can have an exotic location.
All all that is taking care for you get your own wedding planner.
You have your own options you can customize it and you get.
Martha Stewart's expertise tied to our product as well and you apparitions that that's that's solid -- -- so what does Martha Stewart bring -- and she brings you know we when we first start talking with them back.
Back about six months ago our public relations company Susan green only brought.
Introduce us to them and we met with Robin Marino we we actually brought her -- Darcy and Martha down to Turks and caicos.
And we basically sat down we said look you know how do you how can you make this extra special -- a lot of people doing.
Destination weddings in the Caribbean.
And what she brought to us as she went in and she said look.
You want to make it extra special do this this and this and our chairman butch Stewart Adam.
Said we turn over our -- program -- so she actually trained our people Alford designers come down on a regular basis we have they were just down at emerald being created -- And they were.
Customizing these packages and in in great detail so.
Although all the things that you don't think evidence on the show today we're talking about all the different options that -- want and you get that expertise and we're Tribune Co.
We understand -- beach we understand great service.
We deliver terrific value but what she brings is as an opportunity to have the very best wedding planner in the business you are represented.
Now when you're talking about a destination wedding people to travel.
But the men and women and they're gonna want activities to do their men usually when it comes onto -- wedding most and I know whatever insure money whatever you want that's fine that's fine it's fine.
How much do you involve them and say hey when you get -- you can do this in this and.
What fellows can go out -- a golfer are you golf course but we just had.
Emerald -- we just purchased the property down there and we'll be restored and what it has as the Greg Norman golf course down there actually just take Greg Norman -- -- last week.
It is world championship so golf is a big part of it you know we have.
Spying and there's lots of things for for the guys who do we have English pubs and most of our property so we can watch sports he gives -- a football game and a drunk.
Do whatever you want all kinds of good stuff.
And it -- -- I'm not really in the world.
Absolutely do you shoot me now I'm not gonna go that.
Not gonna -- that well I thin -- like I said I've been an uninvited guest at some of these weddings and there just fabulous and the best part is.
Might just come from the ocean -- old left and by that doesn't -- to your bitterness though sitting in on these wedding with weddings yeah.
-- banana and then the second and I definitely think he's athletic -- all right across the wet and I'm.
The plan for -- -- About that at present a unique vacations incorporated core supporters -- -- Martha Stewart sandals.
Check it out if you would please fat -- look like you're right we've got to tell because -- with a -- -- -- I'm gonna say quickly and it's somewhat sad and I don't like to be sad Brett Alexander McQueen died in front fashion -- is out there this is very big.
They're saying that it's potentially suicide which is even worse three years ago very good friend of his committed suicide -- -- sort of when it became a recluse now you.
Now unfortunately it's happening now -- -- odd it's happening in the middle of Fashion Week he was British designer of the year.
Known for very lavish unconventional.
Fashion shows he founded his own fashion house and then sold -- Taguchi in 2000 but.
And he was -- did not designer for Da Vinci he.
Sky was genius and he was only forty years old -- separately centric himself out there.
But so we don't know -- -- right now but it certainly caught my eye and again it's in the middle the stuff with us born Fashion Week so you know.
-- -- Vietnam by the way we are out talking luxury tomorrow you we have these Friday shows -- we pick a theme.
And we sit with a -- for the entire length of the show and tomorrow it's going to be luxury so.
You won't want to miss that because in many respects.
A luxury is actually held up pretty good idea here especially of late nearly -- -- -- on the -- side we've seen Tiffany's -- pretty darn well.
And some other areas from the auto side some of the higher and autos and actually continue to perform very well in the some haven't -- -- we're gonna.
Cover all tomorrow so you know that the Jackson and actually we were talking to someone on a Saturday show about auctioning high -- cars and he has all -- -- -- -- -- auctions yeah.
Haven't seen very good tennis people -- out there spend money we're about 88 which is right about where we world we started to show it isn't it.
Time on the -- at least didn't hurt you today.
I don't you know.
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