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Hey happy -- welcome FEM not I'm Tracy Barron's and Dow down about 23 points but it's because.
The tax cut extended tax rate extension that was -- has been priced into this market so don't take this -- a sign of something is lurking that you don't know about.
Last night and this is after the house hit some procedural glitch along the way it was wild dramatic soap opera for -- while.
They were passing they were talking about it weren't talking about it it was nonsense but it was midnight finally when they put this thing through by a landslide.
The tax Extenders are in pretty much across the board and I was going through it and for the most part for people like you -- nine.
Who working get a paycheck the only real difference we're gonna see is that extra 2% -- paychecks it's not going to be taken out for Social Security.
Other than that everything ounces relatively status -- so that means there will be no marriage penalty -- there should have been so you won't pay more taxes can hear.
Mary it's how tax credits will stay the same the -- them tax credits everything for the most part stays the same if you have a -- -- is there -- some additional -- for you going forward.
Pulled it full appreciation of person is it and things like that investments in your business 100% right up that's up -- city.
But as far as those of us they get a paycheck every week it's pretty much status quo except for that little 2% increase.
Hitler saying it that you can you make around -- 50000 dollars a year you should see an additional 12100 bucks.
In your paycheck over the air which is something I suppose hopefully you -- -- cards I don't care what they say don't -- of acne pen and pair of CNET.
-- -- And so that is really good news.
The market is down because the market -- -- presume this is gonna get past at some point.
Not a problem and I've yet to find any answer to that yet is what happens with the withholding tables come January 1.
Now many of them.
-- -- -- They need more time then a whopping fourteen days to print withholding tables for January -- so -- January 1 paycheck might still.
Have that extra 2% -- you all so security tax withheld.
And then I guess vote pro rated and complicate things even more I'm not sure yet if those tables will be done that's something I'm certainly researching and I'll find out -- -- soon as I get it.
The IMF says that the Irish government needs it more cuts -- -- -- -- and bank of Montreal's gonna buy Marshall easily -- we've been hearing this for a long time.
It's good deal though the shares -- 19%.
And FaceBook shut down briefly after a leak actually it was wild.
They shut down and for about a half hour after and some prototypes were leaked insisting the hackers -- out there cyber security is like my biggest thing and clearly.
It's a concern.
-- -- -- -- Oz well today it's Friday it's freezing in Manhattan but.
At least it's not snowing raining or.
Tailings leaving whenever -- winter weather -- We get to about what's going on how does all this affect the market we know that it priced in.
These tax Extenders so we still have QE2 on the table -- TV's into yet there's so much money out there.
Ben Bernanke though a student of the depression is so worried about the -- in easy -- keep pumping money in.
-- it's very scary Steven Todd -- -- with us right now managing director at Oppenheimer and -- and just -- -- that comes out next week is that racer that's very.
We've theory for alternative investments.
We gotta talk about gold because.
We're seeing gold arguably bubble -- -- I said at night you.
No worries of inflation yet coming out of our government at all more concerns and -- And yet we got gold that -- numbers we haven't seen in years.
I don't know that's frightening isn't it yes ankle.
Since two the year 2001.
And then all the way back when nine elevenths as.
Shot to the sky right and and part of what my book shows gold is as you know just one commodity.
Many many different commodities.
And the alternatives universe.
It's quite large there are a lot of all of them.
It's and my book is about.
Venture capital it's about hedge funds.
It's about a lot of different alternatives.
But -- why because you don't feel like putting your money in the equity market is a great place to be right now -- equity market.
When houses and all over the place right view if you look back two years ago.
Ernie the Bernie Madoff news came out.
And we finished two years ago that equity market was off 38%.
Fixed income which has historically been very reliable and dependable has been all over the place.
And one of things I learned over many many years of investing clients' money offenses institutional and individual.
Are with alternatives then there's really relates to the school you equities.
Fixed income and then a third leg of the storm that's alternatives.
Clients want appreciation.
But they also want capital preservation and I've found that with -- kept alternative investments.
But there's a hesitation to go into -- -- of -- investments isn't there is just because of the unknown factor.
It is there's a there's trepidation if you look at some of the news that came out -- Bernie Madoff.
Two years ago every one.
Jumped ship from -- many hedge fund -- want anything to do with hedge funds hedge fund market hit a low of one trillion.
As of I think a week or two ago.
It's one point eight trillion.
So 800 billion dollars even.
I think last quarter something like a 125 billion went into hedge funds a lot of what I call in the book.
Smart money institutional money is picking out really good hedge funds there are a lot of very good excellent -- -- -- -- expenses they generally have minimum.
-- you have to get in their big.
That's true but there are now also in the last couple years wasn't just because it made off it was just that the market.
There are now many vehicles that any investor can access even down the little -- -- a thousand dollars there for example there are a mutual funds that have.
-- like a qualities they're not technically break a hedge fund but there are.
Three or 400 such funds now on the market.
You have indexes.
You have hedge fund.
Replication -- you have a lot of different vehicles you now know what hedge funds are buying -- selling.
Why they why do you think -- volatility is going to continue -- I understand that.
These alternatives are really good if you if you believe the market is to -- for you but maybe now that we have this tax extender in place.
Maybe now that this on -- bus one point 27 spill billion dollars thing was sent to pop.
Video that -- takes some of the fear out of the market.
That's possible we could go back to a more steady market for the last few years investors lost a lot of money there's been a lot of volatility he pointed out a number of reasons -- there could be.
He could have inflation interest rates that you could have increased volatility hedge funds take advantage of that they're few vehicles out there that can take advantage of that.
What about the commodities market you still say there's less places to be without having a -- -- night.
Absolutely there are there are.
You know hundred different types of you can invest in lithium you can invest in what would you invest and then into an eleventh there's there's.
Many many different types -- commodities out there on the market and they all -- the point is they all -- in waves and the point in my book is you have to identify if you.
There's -- -- frequently have a reversion back to the means so you have.
And ascent that goes way up to the sky.
At some point -- corrects and that happens the point in my book as that happens not once it happens again and again and again.
It's it's a pattern trend that cycle and if you're an investor.
It's prudent to see where you are what point of entry you're making are you investing at the absolute high.
They absolute high -- are -- putting a lot of money in -- -- -- diversifying.
Any other commodities any of the hedge funds any of of that venture capital.
Can increase if you're doing it prudently increase your rate of return and lower risk had a you know had a -- figure -- that up.
No one knows known as the crystal ball but if you look back historically.
Well as I said before you view of equities fixed income and you at alternatives.
Alternatives have a low correlation with fixed income and equity.
That can help increase your returns and lower your raising just as simple as pulling up a ten year chart insists check -- -- -- and you know.
Figured out that he's in balance you can get some guidance.
For example real estate.
Look at all the investors and -- -- real state and local market.
Remember remember back in the -- -- back where tech investors everyone's -- technology and the NASDAQ rose 5200.
And -- obvious are kind of saw your Muni bonds and -- 100% of Japanese now.
So my my point is.
If you diversify -- you look at the point of entry or where you're selling sometimes if something goes way up to the sky it's prudent to take a little off the table it's -- answer is simple though but I know it.
You know it.
It's much harder to do in reality.
It is with equities with alternatives I believe it's easier and if you look at the data and -- collected over time it becomes much much more apparent.
It's -- it's not too dissimilar from if you go swimming in the ocean and you're out in the middle waves.
You don't really not cognizant of how big the waves are but if you're standing or sitting on the beach and you're looking out seeing the ways you can identify it -- -- -- five foot wave that's attend but way you have a better idea what's going on.
-- OK so you're talking more about agricultural commodities -- like that being the place to be into an eleven.
Now there's all sorts of commodities you can have natural gas you can have.
I know about it but where should we invest since 111 based on your data.
Venture capital I think it's an attractive place if you look at where venture capitals then look at the IPO market the IPO market finally warmed up.
There are companies and -- had I invest in the venture capital market there's different exchanges there is there's venture capital funds.
There are even mutual funds now that that gavel on venture capital.
The spectrum has has opened up and there are newer -- investments each day.
And CNN on the commodities front what are you seeing as a place to be for 2011.
They're different commodities and they move in different ways there's there's you're talking 900 no different commodities and and they -- -- -- movement sink.
And and that's the purpose of my book you have to look at them you can look at them individually or or in the aggregate so.
-- nothing for joining -- There's there's nearly -- they said there's different there's different types of commodities out there and and how you add them every every.
Individual investor every investor out there has -- different risk profile they'll have a different.
I understand that -- -- and I understand that but you're saying there's ebbs and flows so we there has to be at commodity out there that we are at that.
Bottom right now and it's about to end up.
Well that's true there are certain ones have been and what are they.
It's -- I don't have a crystal balls which which one's going to -- Bob but if you were asking which is low natural gas is -- for example that's an example.
Cole has been picking up recently.
There's there's a number of them.
Check -- the commodity second hedge funds and venture capital going forward Steven Tyler Walker thank you managing director at Oppenheimer and co.
And the book is we've theory for alternative investments have -- they sent back.
Really -- a break when we get back into about some of the hottest products for this holiday season.
And you know we're gonna have rich Edson -- -- and go over this tax bill I'm gonna give you more information on what's in it.
And Peter Barnes to given us an update on what happened with that CEO summit the other day did anything happen and they talk about corporate taxes -- I think they should have.
We'll find out -- back.
Welcome back at the end -- I'm Tracy Byrnes and -- events point four points hopefully they'll just have been there.
As opposed to moving around this Friday.
We're digesting basically what happened last night with it in the total.
-- -- charades and that in the house representatives.
But it's done whenever landslide.
-- didn't have it president sign it now that's all we need and then it's official.
The big question still as I mentioned earlier is whether or not -- withholding tables will be done time for January 1 and got to believe.
They'll push it through but one never knows.
Thanks so we the holidays are Christians in particular really close and yours truly has not so -- -- It did hear it and I was here right now assistant engineer.
In public relations with Toys -- Us to hear details about.
Some of the hottest toys this holiday season and they're delightful they are that we have first you can't get -- this holiday season that aren't messing limited.
So a lot of people come in and they're like they limited them looking for saying Emma.
They're -- in the digs you squeeze their bellies.
How to harmonize a lot of fun 1299 -- each -- -- says she is really good value offering parents are looking for quick stocking stuffer either quirky -- characters that kids will love and you need them both of them.
Now you can just get one individually they think different songs.
The earthly difference on -- a lot of -- -- cute.
And again -- -- satin separate -- -- -- -- -- -- mild and this is the beautiful parents -- they journey girl she's also yes she's gorgeous and she's 29 and 99 so again the value offering this holiday season are just incredible.
She's actually 1999 on sale today and tomorrow night to -- -- so.
Really again get out there in just yet -- -- that's all -- sent us.
Glad an American girls sort totally great value offering for the eastern ago they -- all the background -- so.
Similar to those -- Karen here aspires to be in the New Orleans jazz festival so -- girls interested in the arts or music.
Fancy that he got his parents that's very cool look at -- books and stuff too they have a different accessories and things like that -- -- haven't yet but that's their order from girls in the lying there is another girl Meredith who really likes skiing in the Alps.
-- and we'll keep snow whose son.
There's another girl line land and then there is a gal I don't -- it earlier telling -- a lot of points at nine incidents and on the tiny thing yeah me -- and I think.
I'm gonna -- -- and there sure and this didn't even though funky monkey so this is hilarious it's let's find your -- They kind little -- where you can put on your shoulder on your clothing that the skies.
And -- pocket sized remote can actually go in your -- you can be sneaky and control monkey without anybody really knows what's going on theft auto show us some of -- expression.
He's -- good feeling right now they can really so much fun he really came out in the UK.
Earlier this holiday season.
Blew out was just a fantastic find in the UK we brought it here the US just this month so it Jesse started about two weeks ago.
Flying off search shelved the idea that funky month all these products as far selling lake these -- Democrat -- -- -- Well yeah I did and that's one aspect that I don't keep you and -- -- -- -- -- -- -- sixteen years old happy Google Trends selling out concerts.
Girls are crying when they needed.
Here you can get your and your daughter and -- little.
Justin Bieber doll an evil thing that.
You think clips from -- song along less lonely girl and there's another singing figure that things -- some BP.
Want cut his hair maybe that's because I'm a mother and anytime I see.
A boy try to emulate that hair I want -- cut his hair too now.
Tell -- until it's -- about ties to address Toys 'R' Us is going lake.
Between now and Christmas that's right so actually we -- announced today that our stores are opening up.
-- -- -- -- Well I'm -- Our stores will be open from 6 AM on Tuesday until Christmas Eve at 10 PM so for 88 hours straight wait all -- all of them.
Toys 'R' Us stores nationwide we are not sleeping until parents that their Christmas presents and you can't staff to do that yes that they I had as far as actually hired a lot of part time -- holiday -- and yes.
Holiday should employees.
Any shot some of these people stay on at Philly so there's over the opportunity for growth and for these -- really -- -- Christian.
To start it's how I think recession been -- hit to it I mean how is it.
Of people still buying did you -- cut -- do you see people coming in saying I can only -- thirty bucks really haven't seen -- -- -- -- -- -- the -- -- -- -- hot and lastly parents cut back -- expert and -- just one of those things especially during the holiday season Chris Smith.
And we have birthdays things like that when it comes your kid that's where they're really going on best but there are somebody -- -- a great price points and that's the whole points he wanted to figure out.
If I am working within under 25 budget or under fifty dollars.
You're gonna find a hot so you just got to go to the store here recently that -- compete though with the likes of Wal-Mart and Costco and they all have stuff.
Ridiculously cheap what makes me want to come to Toys 'R' Us and this election it's really about having the right products knowing the trends knowing what kids are gonna want.
And also there's some of these items like -- funky monkey friend since we acted extremely quickly.
Because we're for address and -- in the business all year -- we have contact that other folks may not have.
And we were able to work with that company called -- steps to bring this to the US.
Really quickly so this is only available -- -- of their stores are now.
Have you been into the residence intense ground I had and I -- yesterday there today -- it.
Been packed it's crazy hats yet there's times where is actually unique to our stores nationwide.
And that actually already open for playing for Aaron today and will remain open -- Christmas -- Real -- that -- have already kicked things -- especially for the tours traffic during the holiday season.
-- today they opened at 6 AM and will remain open until ten.
If it was worth it.
To stay open absolutely you wonder if people are going to be there at 3 o'clock in the morning and and in fact I have seen people there at 3 AM really -- -- it may be when our -- is with close.
At that -- and you would have them lining up.
At the block waiting for the sort of opened -- toys -- Times Square -- in this city that never sleeps and that's a legitimate.
Statement -- the one in Times Square had.
The -- must have more clearly because it's a bigger slower inventory write so it there I think it's 101000 square feet of space severe things that I can get and then -- can't get in my local toys are not not necessarily it's just they have more of everything -- -- more inventory they have stockpiled everywhere and they have and lists and endless amounts of -- pleasant experience -- affairs will.
The big dinosaur the Barbie house so that that.
Like a cardinal Bernard Jeffrey good -- -- -- -- we've taken together and -- -- GA Dana thank you so much your being with us this is certainly.
It's good to see if people are out -- finds absolutely let's -- that the monkey actually is really funny he's hilarious and my son's name is -- -- -- makes people -- -- by agreement on my girls would get a kick out of -- monkey named David -- thank you so much you.
I only get back going to talk taxes we're gonna -- sports actually tune of course we ever smiled as a spotlight will be right back.
-- -- Yeah.
Welcome back dancing and I didn't funky monkey so with me.
-- -- -- a work him in the process.
I could -- -- -- -- a funky monkey in DC but I won't.
Rich -- is with us now in DC we're talking taxes I will not make a funky monkey.
Analogy I promise.
Was -- -- Beastie Boys song.
We all year I could hit eight.
At -- -- -- my monkey actually is where did you heard that that was happening.
That's clunky and I really wish I had some return -- I don't know that I now.
Added politeness that's had this to light in my hand right now it's -- the funky monkey it is the monkey that -- my remote control.
So when you could see all the little button and -- the funky -- -- all these ridiculous things like well Burma.
He and I apparently you can tying him there's a strap you can put him on your shoulder to -- when -- walking down the street you put the -- giant -- you can make any function like -- work.
Hope not he's going.
Wanna see who -- pets or children get only friends I'm done I'm the -- people in general I have vivid argument you know yeah anyway.
Instead CNN you are hard working man in TV because midnight last night your email came and then you're up this morning -- -- on the I miss.
-- -- -- You know you know when congress works -- -- actually here in DC and you know it's.
It's more early work here in Washington to tax issues finally settled so where are we know at least attacks he's going to be the next couple of years and you know businesses are big -- of especially some of these tax credit extensions of current tax policies and credit -- take now.
So we're moving forward -- the president should sign that -- of 4 o'clock today.
The government scheduled to shut down tomorrow evening.
That could be a problem in the house and senate will be debating what's known as a continuing resolution and we -- been talking about.
On the bus it was about one point three trillion dollars and stuff for the amount spent eight billion.
Dollar -- earmarked 6600 someone earmarks in them but.
That has been put aside at least for now because senate Republicans got themselves together to oppose this thing here's the guy who made that possible -- The reason doesn't have the votes.
Members on this out of -- increasingly felt concerned.
About the way we do business.
And Tracy Republicans are leading an awful.
Amount of earmarks on the table here as our Democrats at this entire bill what that.
On October 1 and just continues to extend them all the way probably through February so congress is still -- have to work this out.
Doesn't entirely quash any possibility of earmarks but the Republican House is going to write this and they've taken pledged -- no earmarks so they're gonna have an opportunity.
To put this to the test from February Tracy.
-- I need to make you re live the awful night that was but behind.
So last -- got a little comical and -- is hoping maybe you could explain to everyone what happened when that house decided on -- procedural snags.
Thanks to the whole thing came to a home grinding halt at one point.
It did a and you have to get to -- technical is that he missed it it started out his feet something incredibly technical with a -- bill was written.
Members didn't want to vote for even though they may have supported and so that's originally why they pulled this entire procedure off the floor -- And then we've gotten some word that there were some hopeful Democrats like congressman Peter Defazio who say hey we're gonna make changes to this bill and as you remember.
Any changes to house -- make to this bill that means the senate wasn't going to even consider this proposal sell.
We thought this entire thing may have for a while have an opportunity.
To go down in place that there's always that possibility we saw this TARP.
Where opponents will or even -- support this -- -- wholeheartedly supported but.
-- because they're feeling like they want to show their constituents they're doing their best to oppose something.
I don't have -- blow up once or twice and then they'll come back and eventually cobble this together and we thought that this could also be an opportunity.
For more than moderate or even Liberal Democrats to say OK I voted against it first or try to derail the process right try to get a better deal.
But I didn't into safe from taxes from going up on everybody.
We eventually went along with the plan and what it turned out to -- Was in the end those Liberal Democrats who wanted to make changes.
Didn't even get an opportunity to vote on many of -- changes they got one shot to make one -- in this bill.
That failed and eventually a little after midnight last night the entire procedure past.
Just as it had passed the senate.
Just as the president had asked -- to the Treasury Secretary and asked.
And now what there is ability the White House waiting for the president's signature and we expect him to do just that puts -- pen to paper in an account.
Counted how many -- President Obama uses you know he uses a different and bringing -- -- Appreciative that this may not actually be symbolic enough to do that big symbolic bills they do that otherwise you just.
He -- signs of things one -- so I'm not sure if this is it this constitutes.
But it's compromise loses and healthcare assistant in the bush tax cuts for democratic president so you know he he may just pull out -- I don't know if.
Say yes it's definitely -- -- remain action here and exactly what you're saying is all the drama was for not.
All the drama -- improved their constituents that there are fighting for that you know the thought of fighting the good fight.
It was a wasted time and you business and by 8 o'clock.
How could well you know -- do you enjoy getting better but I will say that unit standing anywhere here it's done is the cannon rotunda here -- Each one of these sets of Collins has a different camera from a different network rain and congressman -- evidence of congressman Defazio was was Goosen and -- last night he walks right by standing right next to me and this is -- -- about a quarter to six last night.
When did the house to put that the bill back on the floor they were going to get back there were going to finish it.
It's a -- of the congressman -- -- so.
You did did you did you guys we needed to get your changes and it turns -- I don't know.
He had no idea that speaker Pelosi and Democrats had decided.
Not to make any further changes they just fix that -- procedural glitch that they had in the bill and it was going to pass as it isn't and now when he found that -- he was.
You not happy.
Is that while they're all turn and they still don't know it's crazy right it's been all processes just -- and it's crazy right now is.
We had all the stuff on the table of the same time that's me is -- -- -- I can't make lunch and watch TV at the same time and yet they're talking about.
Extending a tax -- Communist omnibus bill.
We do have a government that goods as they sat down on Saturday thanks so -- -- and really -- on the forties.
The -- you may not be able to watch TV and make lunch for that you can -- TV and make this is behind.
I get -- and India I had never got an average debt that.
You come get some rest of whipping you up one night and god bless you because it was confusing at one point.
It's Friday night it's party time lag good for you.
Good hit really integrated into the weekend now because of funky monkey rejected at a Capitol -- -- it's -- -- greatest have a great weekend.
Thanks -- to.
Naps aside saying -- the upset is it is past.
-- -- half glass full version is we have to do -- all over again two years but.
I -- short term this is good for the economy.
Rick Horrow is with us right now our weekly sports brands took a -- -- friend Rick.
And highly jump breaks news story that caught my nine.
We have to talk about our dear friend Edgar from the giants who came out and said.
Yet you not paying me enough you're insulting me so Edgar Renteria of the giants was offered a contract correct reason -- up.
-- first of all.
How about the gratuitous small talk that happens the beginning of these segments are you are you can't great -- all that kind of stuff where that go.
It's -- a few words that go we don't talk about look at that don't aren't going high -- get fired up and let's not hold it let's not hold a bake sale for Ed director -- a first of all.
You know the San Francisco Giants win the World Series they do get a World Series share.
It is -- admittedly 7% from the Yankees share the year before but 55 million dollars divided by these guys.
It's okay you'll get that money second of all the average baseball salaries pushing to three million dollar guys like Jayson Werth with a 125 million dollar contract.
I guess relative to the big time stars that -- leads that Jayson -- obviously the A-Rod that Derek Jeter's.
Edgar -- -- -- is not getting a lot of money but he's had a few contract in his days he's been with over five teams so again let's not hold that bake sale for that man.
I'm not at all quite frankly I think they're all overpaid but I'm in the minority.
Because there's an argument I suppose that they do bring revenue -- these -- but you know what.
The more you pay these guys the more revenue you need to keep these stadiums and the more I end -- paying to come -- to watch -- game.
We've had that conversation number a different context is Tom Cruise overpaid because he allows people to come to the box office and pay a lot of money who knows our teachers underpaid absolutely.
That is a very subjective debate that we're not gonna resolve here so we probably ought to move out.
But the decision it but it's different because wait before we move on.
You can she used to pay Tom Cruise 20000030000040.
Million my -- abrasive at the box office is generally not.
Gonna move with Tom -- is paying.
My take a prison at Yankee Stadium though will move every time you up dared to -- -- Well.
And let's put it Jerry Jones front center would be favored cowboys owner.
He's got eight mortgage of one point two billion dollar pretty steep how'd you like it -- that's on your house that's new cowboy stadium right.
Stephen Ross the owner of the Miami Dolphins paid one point one billion dollars for his franchise so there are things in sports called fixed cost.
Player costs -- one of those fixed costs.
You got to pass those costs on somehow.
Consumers if they don't like to pay it then they may not go -- corporations.
That payment by your by the by the ticket by public.
Television all of that it becomes a very important issue in -- sport this is who violate Tracy there are four major leagues that have to come to a labor agreement in the next two years so we'll have this debate a lot at least.
Stairwell and and even we've been talking about this all along that's going to be interesting you brought up a great.
Commonly USA today on coach's salaries -- athlete maybe apple book which is making a million dollars annually.
This is at the college level right.
Yep well look at the football coaches are 120 in that first division.
Fifteen and make more than one million dollars and when you look at the numbers.
Nick Saban has a bonus is 700000 he was the national champion Alabama coach last year.
He won't be this year background -- is a terrible season.
He made 850000.
Dollars -- bonus on an not now clearly they bring money to their schools.
As far as fame visibility.
Recruit -- it.
Higher emissions alumni donations that's clear when you consider the coach's salaries against the chemistry professor -- you've got another debate going out.
Averaged -- -- his salary one point 36 million.
I I will bet my kids -- education fund that's not with a chemistry -- -- paid.
No but don't bet your college education -- against that because the coach's salaries are going to be used for that the coach's -- generate the revenue.
Some of the schools like Texas and Alabama by the way we're Mack brown and and and Nick Saban coached.
-- over a 185.
Million dollars Ohio State Florida LSU round at the top five now what -- they do with that football money.
Clearly they help with the football program but also those other sports the title nine sport.
The minor sports as you call them they wouldn't be affordable if it wasn't for these football.
Coaches generating the revenue for the football program.
Rick we luster picture about I want I -- one RPI wanna keep talking you can end and will gold -- -- mobile advertising next week and that's huge and I know a lot of newcomers are coming back.
But what happened this week with the super -- in email we get it don't that collapses down these guys -- -- this without Minnesota Minnesota.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- have to build a new stadium.
And that means they're gonna go Mac daddy on it would boxes and all that kind of stuff and the cost will then be trickle down.
To the poor people a Minneapolis.
And I think in prison -- out of the market.
There are so many questions with this let me give you some perspective on that.
-- first of all the vikings were angling for a new stadium in Minnesota no matter what the metrodome.
With built the early eighties the baseball team twins moved out across town target field.
And the vikings have to look at other options as well.
The funding proposal did not go through the legislature -- some would say it's a conspiracy to make sure it happens quickly from.
You know the owner may have been on top of the roof with some giant -- -- -- you know that I hadn't happened that doesn't happen so.
Over the next few weeks that Brett Favre list Minnesota Vikings probably take their lumps.
And finish the season but then what happens do they go to Los Angeles do they look at another location.
The whole idea of having to replace the roof on the metrodome -- -- that -- -- sent us.
Rick how the kids.
That everybody is great thank you for asking even though it later if that picture back.
Right -- or not -- it's not.
Hey let's let Rick -- we're on -- holiday next Friday -- got to come on Thursday if you can that we can talk about all the games and stuff that'll be happened -- You gotta date -- identity and access you mean -- right I -- and acted these seed Peter Barnes is hopefully not being snowed on today Peter.
Please tell me there's no snow in.
Just on the ground Tracy is nice and sunny here and actually it's got -- melting off from the driveways here.
On the north lawn of the White House.
I could at least not getting wet let's talk about this CEO -- -- what came out of it now.
From what I gathered -- -- little bit of research I did on all this they did talk about corporate taxes and they did say.
We need to establish a committee that will look at this.
Not it means anything.
Yeah I talked about having some -- forces to come back and circle around on some of the issues that they talked about at the CEO summit.
Our corporate tax rates oh or one of the issues you know I I'd -- alternatively we have guys that has the highest corporate tax rate in the world -- -- -- second highest in the industrialized -- regardless.
It's high higher than others and it gives other countries are competitive advantage the president has said repeatedly that he is willing.
To look at lowering the corporate tax rate here as part of an overall tax reform effort.
That would include broadening the tax base.
And again today Robert Gibbs though saying that the administration opposes tax breaks.
A four companies that quote ship jobs overseas and and by that he's talking kind of about the tax structure the fact that.
Other countries have lower tax rates than the United States and if they repatriate the profits from those countries as you know they -- they get whacked with.
The differential on on on you -- with the US had the US corporate tax rate so they can park there there -- money in the countries where they earn it.
And invested there and property plant and equipment hire people there.
So the point was to show that he is not anti business -- and a -- -- or are we all lake.
Tainted by the fact that he only really related to.
Well you're right a lot of the IS COs that came to this summit are already working with the White House.
On other boards and commissions you know the -- the deficit commission and they export council.
The president's economic recovery board about half of the twentieth.
Are involved in in that way the other half had big government contracts right after.
This -- So that that has been one criticism of the of the attendees here we didn't hear.
We we didn't.
Ivan Seidenberg for example a Verizon has been very vocal critic.
Of the president on the part of the business roundtable -- did not intend to the White House says that they did have a private meeting with the president.
Last week and so that the -- they do get facetime and do talk talk about these issues.
So OK and I'm not saying that satisfies -- now because it's still with his friends and -- still they discussed in any form -- worst isn't -- on on that ends up -- the ended today in no way.
Well the president United States calls you up and says he wants to meet with the U it kinda got -- I.
Yeah but but there is part of this is a charm offensive no doubt about it you know that the White House is very sensitive.
About the criticism that its anti business of that Health Care Reform financial regulation reform.
And -- energy cap and trade.
-- got a lot of opposition from the business community.
And so now that the president.
It's trying to whom I guess move to the center here as people and saying after his -- that the Democrats got shellacked in the AL election.
That that this is part of a charm offensive on the part of the president to try to.
Patch things up with a corporate America and these business leaders who.
He is relying on to help create jobs and as you know going into the 2012 election.
Jobs is kind of a small issue isn't just a little with -- Anyone there you know I got that little -- that bothers me the most about all this Peter it's all about getting reelected.
Nothing really matters -- the geopolitics I.
And they like I -- this jobs you and I like to keep our jobs they like to keep their job but I.
I don't get live in the system there should be term -- this is not your job this figures civic duty for a few years and you go home and -- your real job.
You Peter Barnes but man.
It's not no surprise.
That people like to keep their jobs and so as long as we have the system we have.
-- to -- politicians continue to try to you know.
Pander in and do what it takes to keep their jobs.
And -- that sometimes means trying to.
Patch things up when people.
I have said this before you are the most even killed at number I think we have our staff because you know you are rocket you we're all fair and balanced here at fox I business.
I -- that's not -- How that certainly out -- -- have been let we have the folks the folks from the labor unions labor presidents are not coming over today as you know right so we've been asking.
The White House so wait a minute so what what happened a very -- the CEOs come on come over.
On Wednesday and now all the heads of the -- you know doesn't.
Presidents of unions including the AFL CIO and the food workers and and that teachers union.
Now they're all coming over for their own meeting with the president in the in the Roosevelt room starting at 2 o'clock.
What's this about a you know is that the that they get mad.
Well the White House says that they were actually planning this -- -- -- meeting start talking about this meeting over a week ago but you know.
Some political analysts who say well wait a minute okay so he meets them.
Over the CEOs.
And then he meets with the labor presidents that kind of puts the president right end.
-- Term loan you can turn -- and I what kind of movement trying to move to the send our resident might be fair that Heinz Peter bar.
-- I never have.
Everyone it what a swing independent voters want in a gap.
I want you to have a great weekend say you've been fantastic though and stay warm and he's a bag storage you agree we can -- banks -- -- and DC.
I'm only skeptic he's so good.
We take a break when we get back we have our small business spotlighted the day we'll be right back.
Welcome back dipping in live on Tracy -- you Dow has not moved his entire hour down 25 points but -- you can see it's -- -- straight -- across the twelve to one -- nothing and that's okay.
We begin though traders are watching us or at any time you today inside a sports segment -- -- Funky honest to god love technology but we're car's going to be back on Thursday so we'll talk about everything and make sure we get enough time form and how we should ask about -- spam.
Ten and rainy is here with us now president and CEO of -- any skin research -- -- San Francisco -- Jan thank you so much for being with us.
You've created this product and you actually have been the forerunner in inventing things as well haven't you.
-- tell us why skin.
It's my passion.
SI and it's really I don't have any other explanation but I'm just really passionate about technology really passionate about research and really passionate about skin conditions.
And skin care products.
But -- not a physician actually you're the first female on non position to speak to address the royal society and as it medicine in London because you really.
I mean the list of breakthroughs that you've created or that -- invented I guess is the word are astounding from the first.
Soluble vitamin C to your most recent.
Eight intervention crime.
And it's an anti aging skin primer tell us about that.
Well you know women love -- -- is announcing big category right now because you can put something on your skin.
That perfect -- -- -- like -- back clean a law before you painted so that you have a really smooth finish.
But this is something that actually will DH the skin at the same time.
So you're not just using it to perfect the -- -- progressively improving the condition of the skin how she used the product.
And I love the age intervention at regeneration mask that has.
Imus say the straight -- -- -- is that right.
-- as well as -- -- or that.
That's -- that some light right that's a great from in grapes that you used to make -- The -- bears trot is getting huge attention right now because that is in red -- now -- really work the way that.
Science says that it would work you'd have to drink thousands of glasses -- day but the molecule listen there.
Actually can turn off certain aging genes.
And there's even research is going on and going through the FDA currently.
From an anti aging standpoint.
Tell us -- -- market has treated you because of what we've been in a recession.
These are not cheap products by any stretch how -- sales been.
Actually cells have been very good yeah we're really really fortunate because skin care in general.
Is for the most part recession proof.
But -- marketplace is what is referred to as the professional market that's physicians and license skin care professionals.
And within -- skin care market that's probably the fastest growing segment and that segment has faired better.
In the skin care and cosmetic market really than any other what does -- mean and that means I go to my dermatologist and he or she recommends product to me.
-- dermatologists your skin care professional.
And really got it in my opinion I think that that is the best place to go to byproduct if you're looking for something that's really serious.
Because your position as the person who works with you in terms of your laser treatments -- inject doubles whether or not you have rose nation acne.
You're fine lines and wrinkles all the various kinds of skin conditions that we all want a perfect.
But there's so many products on the market these days I mean you know I can go to and CDS and get -- delay or whatever it would over the -- these days you know.
That line everybody's making something.
What and why do I need to spend so much money.
There are good products in the market place in virtually every single segment -- what we're talking about it for talking about some technologies and breakthroughs that actually have medical.
Validation and today.
We don't want to spend a lot of money on products that just make the skin feels softer smoother.
They're really looking for things that actually can address fine lines and wrinkles or realization or -- which is an epidemic or discoloration.
With high -- and Blu-ray.
People want flawless looking skin.
That lie and I say the camera live no -- joke Ari what's your best seller right now.
Our skin care management system.
It's it's kind of the I'm gonna say it's sort of the that the center of that the will with spokes.
Because this is the basic program.
That really addresses resurfaces skin and address is -- -- protections that I just mentioned.
Now there's a lot of things you can do in addition to that but a good basic system that gives you great healthy.
Agents glowing skin.
-- -- in my hand right now then -- eyelash conditioner.
That that it's funny there -- -- an eyelash products on the market these days every once that license to grow longer.
That's right -- I have to tell you I have to brag a little bit because we actually.
Where -- first entry into the marketplace and literally started this category back in late 2005.
All right so let's talk business though.
-- I mean your self funding you invest your money back into your company you're selling product where do you go from here and then.
What were the marketplace is growing very rapidly and I feel like we've.
Barely scratched the surface because this is a very young emerging markets so the opportunity.
Is tremendous I feel -- fortunate.
To be in this marketplace to and is there -- -- to -- we can get your products -- -- -- do we have to go.
-- -- -- -- -- -- -- that.
Actually you can go to our web site.
Which is www.
-- -- dot com.
And either find a location to purchase the product or if you're not near location you actually can purchase the product directly.
Dan thanks so much for taking the -- to be with us and good luck with everything I have the men's and skin -- management -- -- -- -- We'll think it's been a pleasure.
Thank you very much and good luck -- that everybody should go check it out you.
I -- to you recall that I just want to bring your attention before we call of the day here -- is recalling its passport SUV.
-- -- -- -- Over the suspension it's requiring about 35000 passport sport utility vehicles.
They have to inspect the brakes on the rear suspension they're saying they could detach or lead to a crash and not Honda not my beloved Honda and GM is recalling a 100000 crossover vehicles.
They -- -- -- to fix his seat -- well they're saying the seat -- could fail in a crash.
That's pretty bad so it involves the Cadillac SRX two -- -- involves 2011.
Cadillac SRX Chevy Equinox GMC terrain.
Call your dealers if you have any of those cars their twentieth eleven.
Model versions of the Cadillac S -- shedding equinox GMC terrain and the Honda passport SUV.
That's -- for -- we're down 25 points.
I think we -- pretty exciting week here.
-- -- -- did you get your civics lesson for like the year.
We're learning more about what goes on in congress I think than any mess has ever learned in school that's for sure you political science -- degree these days to follow lump.
I think clear here and we're keeping you informed and we get rich -- Peter Barnes and DC doing -- can give was next have a great weekend everybody.
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