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Hiring someone just called -- Jersey sure -- -- that mine.
-- and it could be as opposed.
I doubt that there were points and Tracy Byrnes at the and live your lunchtime business.
We have a feminists have gone on today even though doesn't seem like the markets -- -- on that must.
We got the Consumer Price Index which basically tests inflation and its up point 1% so consumer prices -- barely risen which means there's barely any inflation.
Which goes to the fact that we can keep spending more money because well -- -- as -- -- -- ugly head yet so.
Why should we stop this -- from running.
And that's not a good thing actually if you ask me inflation would be better because then we'd have our government back off and say OK we got to stop.
Energy prices were the biggest increase their commitment -- -- gas prices -- -- 4%.
Stocks though the still edging up financials are gaining American Express is that -- Bank of America's.
Need to -- and make it a downgrade on its debt from Moody's.
At that I still say -- -- -- -- in.
These that these companies these countries should have been downgraded -- Italy will be next god bless my homeland.
It will -- US mortgage applications volume dropped the most we've seen in a long time actually down 2.3 percent.
Mortgage rates are off from the from the lowest levels we've seen -- -- -- the highest levels we've seen in six months really edging up close at 5% again.
I was making intend to refinance I hit a five year at thirty year fixed 5% thirty year fixed.
So worth it right back up there again.
Obama President Obama this morning met with some of our big leaders hit his big CEO summit.
And -- email a twenty of them some of the largest companies he want he talks tax is -- mean that the notion is that he's gonna talk to these come CEOs.
In hopes of getting them to get out there and spend money is beyond though -- all sitting on cash rate.
Steve Jobs wasn't there but they had met previously on the side Steve Jobs and apple.
Microsoft some of those some the second knees are holding tons of -- John Chambers from Cisco was there that we at Eli -- is that CEO there.
Some big companies represented there and many of them I mean this bill argument to this whole meeting is that he really does -- his friends -- -- the people that he's been Killen.
-- US health care I mean those companies should have been representative exemption they would have had a thing or -- to -- to our president we don't really see -- the housing sector represented at either.
That being said they met there talk in there -- now we had footage of an all day we're gonna have more footage of it today.
At the same time we have our congressional leaders throughout trying to pass this tax extension but -- and also -- the biggest.
In omni buzz budget plan ever.
Anything and -- there last night when you say unnamed was anything.
You step back and say Wu is going to be big and scary.
And the question of course is to everyone you know -- there's all these earmarks.
You weren't going to be was -- -- -- to talk about all these earmarks.
I only voted against all that in November I -- the reason we voted.
-- she had change than people it's who take the reins.
Is because we're sick of the spending so that didn't actually hear what we had to say November.
I'm -- and I'm not really sure.
-- -- -- -- is right now and and Peter I know is not gonna disagree with me Peter but the earmarks are ridiculous and no one that he seems to -- at least down where you stand and.
Well forget -- -- in -- here.
The a lot of these earmarks are showing up in this bill on Capitol Hill.
We're actually air -- submitted under the formal more transparent process.
In the appropriations committees what in just -- the last couple of years.
The senators have had to now file and put on the record their requests -- specific money specific spending.
For certain projects like a bridge you're -- post office back in their districts.
And and then those a formal request which are now all available online pretty much for anybody to -- Are then taken by the committee and that they -- they -- through them and then they end up putting them.
Side is saying yes or no.
Like over a hundred billion dollars in earmarks are sent to and really only about 10% of those actually get approved last year I think it was sixteen billion -- -- you know three trillion dollar budget.
But then then we had everybody promising no more earmarks no more earmarks.
After those -- might have been submitted so part of this looks like that.
That the process.
-- continued while all the politicians try to run the other direction on earmarks.
Yeah -- you Peter you are truly fair and balanced because here I am slam in the system and -- actually trying to explain that.
Many men have been booked for an eight I won't I won't give you that because you're you're always oh he's -- the person the go to guy for that where I am so not sometimes.
But spell but still they hear about -- actually right -- they -- everybody but the president you know the president said hey we're gonna change the way we do business in Washington.
We have the election back in November a lot of politicians without that -- candidates for the house and senate said.
We're gonna change the way we do -- -- Washington.
But then nobody.
Remembered about this process and all of a sudden now we have this huge omnibus bill one point one trillion dollars.
Loaded up with -- earmarks going forward and so it's real estate you know that some of those earmarks are brought Republicans to.
Took the pledge they -- -- -- suck so.
I think a look at some of this as kind of a -- political banana peel in how they.
That they -- they forgot about that how they've done business and they thought they were more transparent and now all of a sudden they realized holy macro we have this bill here.
-- all these earmarks are always there we were gonna do that anymore so there's -- there's huge huge job firestorm up on the hill and if they got to work through that.
Yet no doubt and I know I know actually I three off because I know you -- be reporting on the president's big goals summit.
We should talk about at that I now doubt that exactly -- that's the thing -- With all due respect to the guest list in this some -- CEOs on this list.
There -- only I mean we -- any dissenting parties do we at the table.
Not not not many that I can find out we have twenty CEO's there venture capitalists and others.
And you're right a lot of them are already on the -- president's export council an advisory board on.
On the president's plan -- double exports -- the next five years they would buy some of them are.
Our members of the president's economic recovery board.
One of them David -- -- of Honeywell is on the on the deficit commission that the president.
Formed earlier this year.
And -- you're right we're we're not seeing Ivan Seidenberg for example of Verizon who head of the business roundtable -- a very tough speech back in June saying that the president's policies work.
Anti investment anti job creation we we don't see Jamie -- here was very critical.
Of the administration's financial regulation reform proposals though.
-- and Seidenberg have -- One on one with the president recently so it's not as though.
They haven't been able to give them feedback guy in a private setting so -- right now that meeting with the Tony CEOs is ongoing right across the street over here.
-- the Blair house.
We have -- the agenda is taxes job creation education innovation technology.
They F five sessions that they are going through.
And that they're gonna break out there they're gonna leave it about 2 o'clock we -- to get to talk to some CEOs when they leave.
And interestingly enough Bob asked the White House if there -- going to be any photos of this session an end spokesperson said no.
No pictures of this session so that.
That -- the president came -- made a statement on this early this morning before he went into the meeting.
Maybe this is.
He's trying to -- -- some serious discussion going with these CEOs and trying to turn around this perception.
With them at -- -- with -- that this administration is anti business.
PL -- look I am trying to look for the quote that was sent out earlier one of the CEO said that and you sent it.
That he's an Indian demand and -- the the bit what was the quote.
The man the man big enough to stack up.
To try and restart.
His relationship with the business community and and I it was David Cote -- from Honeywell that said that on the way and we -- we interviewed -- man.
And he said listen we had a recession.
When things get bad like that sometimes.
Things are negative things bad things are said.
By both sides and so this is an opportunity for it -- for the administration.
To set the restart button with the business community and the president is.
The man big enough to call this meeting together.
But you know not when you I am interested to hear what happens when you what they say when you interviewed the CEOs -- because it's got to be more of that seemed love fest rhetoric and I want to hear that some of them said.
So aren't you need to lower the capital gains to the corporate tax rates that's what I would love to hear somebody say.
-- well you know it's tough to get CEOs to be critical.
Of the president after I don't think just that with them but we're gonna -- we're gonna try we're in -- -- -- I think we're trying to get over their live at around 2 o'clock and see if we can.
Pigeon holed some of them on the way out the door.
You know we get what kind of feedback did you get to the president -- Corporate tax -- is a very big issue for these CEOs that we have that second highest corporate tax rates in the world.
In the United States that the competitive disadvantage.
You know they they there they want more certainty here and what's he gonna do on energy what to -- it is he has still try to push climate change.
What about the rules for Health Care Reform those are still being written right now -- -- a lot of questions out there that that are that are you know causing -- CEOs to sit on two trillion dollars of cash.
Highest levels of cash since -- 198182.
I recession cash that could be put to work due to invest in property plant equipment manufacturing and to create jobs president's trying to shake some of that money loose.
Well and you got Google's Eric Schmidt sitting at the table.
And Google and many of our tech companies -- FaceBook being one of them.
They keep a lot of the money they make overseas on purpose it is not illegal that they're doing nothing wrong but they keep their -- purpose be close.
They know when he comes back to the US it will be -- six ways to Tuesday and won't be there's.
Would be -- the American public of that she used this service if he does not and Brad talk to the president about that.
Now and and that -- us us in the business roundtable the chamber of commerce and others.
And CEOs individually are all on the record about that issue that because tax rates are lower and other countries and if they repay repatriate the profits to the United States.
They get whacked with a higher taxes so they park they keep the money overseas.
And they invested there in Pratt and in -- plants and and in people.
In -- and those countries.
Or rather than bring it back here put it to work and so that is definitely a big issue one thing you saw.
President Bush do was a repair -- repatriation holiday that was very successful.
I think that they cut the tax for overseas profits -- like 5% or something and it brought over.
I forget how much but it was tens of billions of dollars.
That was that that -- you're -- writer repatriated here.
And and brought back two to the United States to put to work so I.
Another I wouldn't be surprised to see that is perhaps a proposal and tax reform that the president says he wants to work on and with congress and so stand by as they do this is -- that it up.
Some of this.
I guess that I'm not sure how much of -- a photo -- because they're allowing cameras in there so -- -- the White House little credit on that point yet but.
I'm just watch and people providers if adamantly against -- But I know appear and I'll let you -- I can't -- long enough here will be live from the White House at -- round two when they come out and I'm sure you're gonna -- some some if not all of and you'll be on at the end.
On FB and we do have -- -- -- -- Honeywell coming on and we also have Greg Brown this CEO of Motorola apple booked for I think 2 and 3 o'clock.
Awesome you grade Peter thank you so much stay warm you look cold and -- -- I'm sorry and I can't talk and I'm not kidding if Eric -- could hear me which I know we -- eating lunch right now.
He should be talking to the president about being able to repatriate -- money that will create jobs in the US.
Activity has left many -- next and I just.
Are we need to look where these corporate taxes that's what you want to do you under something.
Okay there's somebody said it.
Now I would be really cool if like we didn't sit around and just think his -- for an hour because that's what's gonna happen you know that.
Not going to get.
Well I think it's irrelevant I I think I -- so lacking is is the appropriate word well we still active -- the American -- right and I -- These CEOs do that -- I think -- seniors will area I think expression that a lot of -- use with our families even if we're not Christian -- -- come to Jesus moment yes and I think that's what they're having down there but Peter would know much but -- I hope they do I hope they do come.
You are you cutting initiatives near and -- and I had this happen it is Elizabeth let's -- it hadn't blows instinct go crazy but you know go crazy but you.
Because this -- you know that this whole notion is near and dear to me this hand program this help for homeowners crap that the government keeps doing.
Foreclosures are set to be high -- next year aren't that.
Yeah we're looking -- look but when he twelve I think the figure let me -- right here somewhere close to anywhere from eight to thirteen million yeah expected by -- -- It's the home affordability modification program may may I -- Warner go.
You tell me and yeah I don't know what happened -- -- -- I -- 2007 Fox Business we were in Orlando and we interviewed then secretary of the treasury Henry Paulson.
And new ways we got the first interview with him he's in Orlando.
Describing what would become the home affordability modification brought up all of these different that you know voluntary let's help.
Modify mortgages to help people in 2007.
I asked the then secretary of the treasury.
What's the criteria.
By which treasury will determine if this is working.
You never answered that question.
Apparently now that we have the Obama version of that the administration's version of that for the problem portability modification program.
Treasury Secretary Geithner cannot answer that question because the congressional oversight panel.
Weekends because there was no criteria ever created -- credit well that -- decorated but there's lots of problems -- So congressional oversight panel has been looking at the way Treasury Department has been overseeing what they say will be the spending of thirty billion.
-- -- the figure thirty billion dollars.
In the funds to help.
Prevent foreclosure the home affordability modification program.
Now Treasury Department says this will help us does stop anywhere from three to four million foreclosures.
The congressional oversight panel says what -- smoking Willis.
This is that I at best save anywhere from 700 to maybe 800000 homeowners that's it that's all and it's a highly critical report.
Of the Treasury Department let me read you the conclusion.
And then let's go backward this is from the congressional oversight panel.
At how the Treasury Department has so horribly mismanaged this program it's actually wound up hurting people.
You should know Treasury Department has not responded to -- -- -- -- Past and Bob who is the spokesperson treasury if you're watching her to get into this please respond on the nice guy I -- -- But here's where I have to correct because they're talking that -- And it's.
That would be a lot better that's what they're smoking -- treasury -- and made its hat -- -- The home affordability modification program not to be confused with what Tracy does not grow in her backyard to make wrote I am clearly anti.
-- anti -- now -- -- pretty good stuff to get them oil and I know clothing I don't.
I think you're progressing limited to the quote that's going to be really -- -- all right and that definitely did that's really got to annoy you you did have.
And untold number of borrowers.
May go without help all because treasury failed to acknowledge camp shortcomings.
-- -- -- although no I have -- congressional oversight panel had warned treasury modify your rules for this program they didn't.
And that was -- when things simple things they did this back in September.
Simple things treasury could have done that they never did they and according to this review treasury has refused to specify meaningful goals by which to measure -- treasury has failed to collect and analyze data -- to explain the program's shortcomings.
Treasury also failed to hold loan servicers accountable.
When they have repeatedly lost borrowers paperwork or refuse to perform loan modifications and another problem.
Treasury has outsourced the program to -- two favorite former GSC's I don't know what column anymore.
Fannie and Freddie -- there's a conflict of interest because Fannie and Freddie -- -- with the -- servicers.
And the servicers by the way.
Have an incentive not to modify mortgages because according to the congressional oversight panel.
Servicers can turn a substantial profit from foreclosure related fees so -- -- -- servicer.
Would I want to modify someone's mortgage because we know it's not the lenders it's the servicers to deal with all of the paperwork.
I'm gonna make more money.
If I didn't make more money -- -- I'm going to put put and that's the problem that the the congressional oversight panel identified months ago that the Treasury Department has never dealt with.
And I'm spaces because the there it's just it goes back to my bone -- theory.
We should not have -- -- in the first place a lot of people said that it was a bad idea it was a bad idea and it in -- even worse.
To get involved it's not fully flesh out what you're doing and why you're doing it creates just more.
Had a mother that -- if there is good news in this which there's not by -- event by.
Treasury will spend according to see you see into the congressional panel four billion on this program not the thirty billion.
What happens that money -- -- Let's find out -- this week so there's 26 billion lurking -- -- -- targeted for this program but the program is essentially -- -- it's not working and they don't expect the Treasury Department to do anything with those -- This stuff frustrate frustrate me to death because this is our money and you know what -- -- a little check of it.
Cut us a little piece -- you don't know what to do it.
I had 308 million Americans by revitalizing had a 30000030 billion NN Saturday -- may be like man about.
You know -- Christmas.
Could happen but I thought up yet -- You know we it would it would says it at least at -- -- -- -- was you know you -- people like the build up to these programs Sheila Bair over the FDIC.
She was saying look it this is what's gonna bring his statues and that is -- is -- 86.
And she was calling on banks to modify mortgages made in order and then.
Paulson got involved through the Bush Administration -- voluntary modifications than we had the official modifications.
With taxpayers footing the bill to make it a sweeter pie for lenders and down servicers to modify progress but it's not working.
Now does not work and it's nice not -- not preventing foreclosures.
That's bottom line that could have been me oh lead as well as a kicker to your story here it's not working -- it's not working but we can always talk about mr.
-- it's not good that's our team there I don't know what he's wearing you know working I did you working you dapper today thank you know -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yeah.
Like -- junior -- Three Texan I'm sorry I'm sorry we're battling over here but speaking of things don't work or people -- don't listen us.
We don't talk about it omnibus spending bill Neil Cavuto senate last night on the show you -- anything on the books.
You know hope stand back that is scary scary staff.
I think and I need a pocket translator to figure out what the word on the -- click here.
On it was means for this omnibus on its surface.
-- -- one trillion dollar plus measure.
I hate filled -- a little deeper though and you're looking at about 6000 plus earmarks taxpayer groups have identified.
About eight billion dollars in costs and evening from swine management's want to Waste Management to -- -- on small fruits to.
Thousands of dollars are thousands of projects.
In thousands of district both Democrat and Republican.
Around the country and and so -- know when you're looking at this this monstrosity the reason we have to do this is because first time.
Congress has not passed a budget.
And if congress does not pass this major budget which is basically all the various spending bills every year congress each.
Committee will -- each appropriation.
It's committee will pass its spending bill there's a dozen of them in -- haven't done this year.
So what you've got now is one big massive Honda boosts -- up one point one plus trillion dollars to fund the federal government for ten months and they don't do that.
-- government -- out of spending authority on Saturday night.
But here's the problem.
And ever and now is seeing.
Why are you not listening to us we voted in November 2 to get rid -- me to stop the spending.
And then November 30 did we not a bill to stop earmarks come up and the GOP both -- both to deal on -- So here we are we have all these -- and I now he reported last night.
They're less than what was anticipated.
But that's like saying eating out I really need to lose.
Ten pounds and I -- I I only lose one but that's okay the day.
Floor or I need to lose I need to lose.
Fourteen trillion pounds right.
And I'm I've gained eight billion as opposed to gaining ten billion yet there's that and now and the now be real problem I don't really know medically that's even pot it's not.
But but -- -- -- right and when you look at this entire issue first off opponents to a point to the election that just happened a month ago what's it -- this is.
Define the will of the American people you were talking about.
-- eight billion dollars when their fourteen million unemployed folks were having trouble creating jobs in this country and we're looking at.
Yawning budget deficits in the hundreds of billions of dollars projected.
From now until the end of the decade and beyond -- That's the type of environment they're doing is it now upon our proponents of this would say look.
When it comes to the earmark part especially talking about less than 1% of the tire bill.
Congress is exercising its funding authority which is better than the president exercising his spending authorities that he was giving him the money and letting the administration decide what they want to do with it.
-- let the individual departments decide what they wanna do it that your.
Funding specific projects that they say are worth wild around the country and they will also point to that clock that's ticking -- -- what we're.
Running at a government funding anyway so what do you do about it and that clock and time is on their side.
Yes I think this is gonna go through.
Eight -- you know you get to have government -- -- if it doesn't go through on what they.
Yeah I mean that's a threat isn't it like that's yeah.
I like to gonna -- -- Right -- win is the point we're not at -- that that threat level yet Republicans have offered at least the Republican leadership here in the senate have offered.
To do what's known as a continuing resolution take.
Current government funding levels and just continued in through about February.
That'll give congress time to come back gets sworn in deal of all what they have to deal view and then to figure out a sensible what they would say sensible.
And spending levels all throughout the next fiscal year or this current fiscal year which actually starts on October 1 and runs through October 1 of of October.
Of October 2011 what this is twenty -- and I'm living in 2011 right now I know you -- has -- feel -- I know it's it's wonderful the giants in the Super Bowl.
And I can tell they also -- -- good tidbits.
Think that's -- future too we'll make billions betting.
But that bit and me to me it it's almost month and I senator earlier and Chris -- and everything I say comes back to the mafia but everything it's like the mafia.
It is -- so because this notion that the government is gonna shut down -- you don't pass this and so that being said -- -- a shovel all these little extra things in.
Because -- that -- you into voting for it.
That's a win win for anybody was looking for some sort of swine Waste Management money.
Leave the gun take the canal east and eight and -- and the swine waste managing money and both are.
Both parties are guilty of it both parties.
89 even there's it earmarked here for at least ten million dollars for the John Murtha center.
On John Murtha passed away about ten months ago.
And he was known as a very effective your marker while he was here.
Odd and even though he's not here anymore he has an -- in this on the bus for ten million dollars for -- -- his name.
That's back into the futures that's like the next avatar movie right here waiting -- happen this could mean.
Man -- -- -- -- the greatest and I love that you quoted.
Oh -- agency with Barnes in DC bureau -- -- bottom line is on the line extra extension I need my friends and -- -- diet let -- -- -- man.
But I we.
What what did you say that I don't know what to say that is cooking is down there it is -- penis.
But -- to get back to reality Lil bit people looking for jobs was on about what you can do to.
Actually we're gonna go out to Chicago first we're gonna go out to Chicago -- -- gifts apparently.
And and I've had some of these gifts in my house Tom McClure is with -- director of marketing for V tech electronics -- -- they should be with us.
Thank you for having me I will -- jobs later the toys for kids these days though are so high and technical I've had some of these V tech toys for my kids and they were -- Bitter and mean -- darn impressive.
Yeah and then to the hottest toys just overall.
For this year's holiday season are two of the ones that we launched this year one was called.
The leader and the other one's called Mobi go.
And -- reader is a hand held reading toy that's actually helps kids learn to read.
And -- -- is a handheld kind of game and learning.
Products that kids can learn from by playing games and those have been on the ton of hot holiday -- this year and have been.
Absolutely huge for us they didn't two -- tech's best selling products in history.
Didn't eat it did -- reader is like up pen in my -- saying that.
No it's -- it's actually a little bit more like an e-book reader it's something that we've seen and kids once you know adults have -- e-book readers like singles and nooks and Sony readers and things like.
-- this one is actually specifically for kids.
Except it actually do a lot more than just allow kids to read books it actually -- Sound -- -- for the exciting Edwards and hear them.
And and and it's very that are -- -- -- Well what is the decision process -- From going to phones.
Exactly did you know you aware of leading supplier electronics.
And then you move the incident became world.
When we we've actually been doing electronic learning toys former.
Over thirty years and and it's really yeah that that -- on the toy side of the business that's all we do so we do have a sister division that does.
What I was phones particularly -- -- in in the toy space we've been doing electronic learning toys we kind of invented the category if you.
Because those are definitely the first two to electronic -- my kids had when they're younger so.
I got to believe that it's -- me it's all the kids want these days right or even a little ones I mean -- -- in the little your little two year old want to carry a little Blackberry.
Just like mommy and daddy I mean so.
It's changed -- the -- world's most teens -- -- little kids.
It has and and that's one thing and that that we see in this one of the things were very good out as is taking that technology that kids see and they once it's an operational thing.
Kids see mom and dad playing with fear gadgets in order -- -- Phones and you know MP3 players and electronic books and you know ipads iphones all that kind of thing.
They want that technology as well and that's one of the things that V tech excels at doing is taking that cutting edge technology.
And turning it into a learning for that actually will grow with the children and so.
Kids get what they want and moms and dads get with -- they won in terms of a -- that actually helps the kids -- But he seemed to -- hottest toys I presume that means sales are good how did you fare than through this whole recession.
Good typically I would think parents don't -- -- -- skimping when it comes a little time.
They that's true and and wall we've actually done very very well in the last couple of years which is I I don't know that I can say that parole -- companies.
We've actually done quite well also learning toys that's something that that mom and then dad don't typically skimp on.
And while they may be saving money throughout the year I think it's something that.
They're willing to spend a little moron but at the same time it's one of those.
Whether it's -- ten dollars way -- A hundred dollar toy it only really mean something if the child's gonna get some real benefit out of the long term and that's something that -- we've definitely -- to focus on alert -- is.
-- it will grow with the child it will be fun though re engaged with over the long term.
What and as time being in China done for your sales because.
You have a manufacturing facility in China -- -- Hong Kong special administrative region.
In the and that's where headquarters is what has that done for yourself because and we don't know China is a huge purchaser of our goods.
Yeah and we do sell our goods in China although it's fair to say that the US and all of the countries in Europe combined -- the two largest markets for -- I think when we're looking at at that Asia has been expanding market and opportunity market for us.
But we're actually we we sort of started this whole category primarily in the US.
So you you have to try to -- did this for this season what do we look we expect going forward then what's the high ticket to the next level.
Well actually we are going to be introducing another.
What we hope will be a hot -- for 2011 and it builds upon what we've done with movie go -- -- -- this year and capitalizes on what I think is the hottest trend.
-- consumer electronics for adults.
I think you've seen that with all the pads and tablets and things and you'll be seeing a very very exciting product coming from us for 2011.
That we will be disclosing more details about in the coming months.
Yeah and you know what's interesting is that much like an apple or I mean Apple's -- the -- when it comes to mind.
You kind of -- up aborting your own products don't Jimmy if you come out with some version of whatever tablet iPad something some for the kids.
That's doesn't do not think that they want right so what -- -- the other stuff it's sort of you you basically EE eight your -- you cannibalize yourself.
Yeah I mean there's there's -- that an unavoidable certain amount of that that may happen but at the same time with.
The singular focus of and the singular focus of movie go being games and learning.
That's where -- more differentiated in the sense that they're.
Good at doing those things rather than being kind of do -- all device if you -- Tom I know we -- you can for the most target your products at all toy stores and stuff but I gotta believe there's a website -- -- website that you can just go directly in order.
Yes absolutely that's -- V tech kids dot com so DT EC HK IDS dot com.
And you can actually find the -- Joan -- reader products there as well as a whole range of infants and preschool products we make products for birth up through about eight years -- -- actually a really broad range of learning learning toys that we offer.
Yeah I told him I mean my kids -- aged out a bit but we used a ton of them.
And it doesn't -- passes Avery shipping right.
Yeah that actually we have we have some free shipping -- going on right now I think -- -- you -- more than fifty dollars worth of parked up our web -- will ship to you for free.
-- -- -- -- -- -- I comical our director of marketing -- need to exit its -- take kids dot com check it out so it's really fun.
I can send my kids have had Tom thanks for being here have a great -- and thank you having in happy holidays -- you to write three take a break them.
Then we'll talk about jobs and we're also have of course are small business spotlight of the day to you Dow's only about 27 points concerned the date 34.
Again -- a lot going on today we have the president meeting with CEOs in the senate of course waiting on the passage of this tax extension.
Can call -- tax cut its tax extension.
Mortgage applications down we have foreclosure going up so there's a lot of different things going on in this economy and all of which.
Couple that -- there's no inflation means that our governments are pulling back any sense at all couldn't.
We'll be back.
Welcome back at the -- -- -- -- -- to -- about 2.3 points right now it's hanging in there Santa Monica a lot.
Overseas markets close around this time every day so.
Second we're not sell off means that or do anything means that they're not do anything which is a good sign because we heard earlier this morning at Moody's might downgrade Spain not that I think that's news.
But it always moves the market when that becomes official and of course we also mention that the Consumer Price Index only increased five point 1% which means inflation is nowhere in -- Which means quantitative -- 12.
Potentially three is not gonna stop anytime soon.
We -- talk about now what these these two women started a company basically because well they were sick of what their kids -- -- and I get this I have three of them and home.
I even sure what they watch any more more -- Schiller is the president and founder of the mother company and -- Christian encounter executive -- -- DP also with -- as well welcome you guys and I know you have kids so Abby -- I think you.
Tell us -- what that's what they didn't get up here but I can say I got a decent -- a self.
It was a crazy time.
-- -- not aware and be socialized and a wonderful way so that she could be have a hero in the media that really.
Helped her learn about feelings and how to be a good friend and yes you're starting preschool and I needed somebody to kind of helped me teach for the lessons that I was struggling to teach her.
But Smith and and that may.
I'm a pretty decent.
Yeah there's some great -- up every -- in -- he's still learning ABC's and 123 there's very little out there that the -- social and emotional learning.
And almost nothing with a live action hosts who is can really be a role model and someone.
-- that parents would want teaching their children.
OK see you guys -- -- -- love.
Rogers for instance there we miss mr.
Rogers and we were inspired by free to be you and me.
And we wanted to gentle stylish show that wasn't annoying to listen to earlier in the kitchen.
Our our you know making a phone -- -- sending any -- We want -- something that didn't make our children not more crazy and manic is so many shows are so fast paced.
Yeah -- we really wanted to beautiful show and that's how ruby's studio the feeling so I was born.
But it's many say that because if I don't let it final like this out I'm not turning it on Amazon has nothing do with my kid likes -- I have to listen to -- -- so you have to appeal to me -- the parent.
That's right and -- a generation of parents who are buying organic cotton one season stylish toys made out of wood and beautiful.
-- design elements and -- not target was reinvented on their high design.
We felt that there was that opportunity in the market for a TV series for young children that was beautiful and stylish so that the mothers could.
He inspired and enjoy it as much as the children.
Demand I don't -- -- -- -- atoms are.
We just had a mom read into it and say movie is exactly the person I want teaching my child and someone I would want to hang out with as a friend.
-- at all today and gave him both both sides I grew up watching magic -- I remember them so there's always like adults.
In the shows we watch this kid right even Sesame Street had Gordon on the block and I can't think of her name now that Syria -- -- And that didn't go away right it became this like highly colorful cartoonish lake act I mean.
It was it's almost frenetic -- makes your eyeballs jiggle.
And it makes children and go crazy.
We can't really I mean our studies about.
Attention deficit disorder and behavioral problems that are happening in school as a result of the amount of media that children are watching.
Which I think the latest statistic is about four hours of screen time a day.
So we felt that if there's going to be that much dependency on the screen.
We wanted to create a slower gentler healthier alternative for those young children.
That parents found would be in an increasing amount of time that they would be spending so -- studios a 45 minute show it's on dvd.
And it's beautiful and in this particular show which is our pilot -- called the feeling show.
We help children learn how to talk about their feelings so.
Being angry and and lessening tantrums on how to work around in of course being happy we have a wonderful song called the happy song in the those wonderful lessons that are enriching for children and it's a -- show.
Smith of bell and I mean it's tough to break into this business one there's a billion dvds out there for kids and in many of us just Tivo the shows that are on there so.
How did you break in how did you you know get over those obstacles and get this -- out there.
Well we have been finding that there is a huge need for product like this the second we got out there and started pitching for her lenders and investors.
To get this show going.
The response was astounding.
I mean we went out assuming it was gonna take us a year or more to raise -- money to get going -- on our -- pilot.
And it took us you know six weeks I mean it was really sort of shocking parents want this.
And we are presenting yourself as a healthier alternative to what's on TV.
So parents are eager to go out and buy something for their children my best that Jason and I get -- -- -- -- many.
We just hit the market -- -- so we're making sales and we are making money from those sales of course but.
We are optimistic about really are -- one starts in January.
So we encourage everybody to -- Well tell us -- mayor word of mouth.
Tell us your website from here word of mouth -- www.
The mother code dot com we're also available on Amazon.com.
You know what I I have to give you kudos for getting out there and trying this -- you know you're creating -- you could ostensibly be creating a business out of this that could sustain you.
And you're helping your kids in the same time what that clearly your kids are involved in this project in -- shape -- -- are -- not.
I think well that's certainly a test market for us as are all of their friends.
But yes they show up in some of the -- to be acting unisex -- How the economy affected you at all because we where -- recession when you guys has started to launch a new business.
Yeah well what's remarkable is that when we went out for the funding of this.
Pilot show -- studio.
Three out of the three professional investors offered us more money than we actually need them but the integrity of the deal wasn't right for the company.
And so we pulled back and we actually refused those offers which was hard to do in the economy last year.
And we were able to bank debt funded by moms just pitching them at play dates and birthday parties and many of them are first time investors for us.
And -- but read and review what we are able to create kind of -- a market within our investors.
And the word of mouth has been incredible.
And the economy I think is actually helped us because we've been able to hire.
Very well -- talented people who have been out of work.
To help us create this extraordinary show.
And on the other hand from the customer perspective.
The economy's been great because a lot of parents have cut back on extra curricular activities -- on.
Nannies are on babysitters and they're looking for something enriching to fill their children's time that doesn't cost a lot so.
Movie studios twenty dollars which is a lot less than lessons piano lessons or.
A tutor or something and -- yet we're teaching their children very helpful life skills.
And you've been in the business you are films are I mean you are in on the production side he worked with AB CNBC.
Is the goal clearly to get this on there.
It's actually very much not to get this on and not really our presenting ourselves as a healthier alternative to what's on what's on television.
So we -- we can't be on television -- also want to have that -- -- control of the contents our goal is to make fifteen episodes over the next five years come out with about three per year.
Each based on a different social or emotional topic for young children that parents -- with young children.
And we want to be -- wouldn't talk about tough to talk about topics you know like.
Divorce or you know death there's nothing out there for a child.
Four years old that deals and that's and they have to deal with that sometimes and we want -- -- -- to do that and I know.
From my experience that we wouldn't be able to do that on network.
Yeah I that's in -- very very good point he doesn't wish you all the best I think it's awesome that you're doing this.
And I think that he was checking out his you know what you never have -- dvds and yet give Saddam yet never had -- -- things -- -- -- when he got stuff to do.
I I know because I've been there.
-- -- that had been traveling content yet they got -- -- thank you so much your being with us and again the -- say is mother coast CEO dot com.
And you can get it -- -- kind of a dumb mother -- I'm sorry.
And you can get it on Amazon as well ruby's studio.
To get out thank you both for being with us -- We're gonna take a quick break and we get back we will.
Here and a -- what's happened thus far and talk about how you can better improve your -- when you work -- We'll be back.
Welcome back at the -- last.
-- only about ten points -- now and I think so I love about the show is that we do focus on small businesses and people that are going at it from all different angles to try to make money in this world.
And kudos to those women for again out there and -- some new in the -- -- -- session.
And I can't say you can sell -- you can sell to anybody because we're the ones -- buy everything and -- the -- -- turn the TV on.
I -- -- we -- to talk about what to do.
If you got a job and how you can stay in get promoted in it Jon -- author of the unwritten rules -- -- need to get promoted to the executive level.
Is here patiently waiting -- and get some scheduling mix -- that's okay.
John it's tough these days because -- -- and you want to advance on the.
Other hand you worried that -- five become too argumentative or push push too much and I lose my job.
-- What's true.
You know obviously given that the equity the economy people been focused on just -- -- their job right break.
As the economy strengthens I think they're going to be a lot of opportunities for those people who would like to move up in their careers.
So I'm suggesting is be patient but be persistent take those steps to position yourself to be what I call first off the bench when those job.
The jobs come open.
We are staring and they seeing and they called they should shove it roll.
But basically means -- of -- employers finally to just take this job and shove it because there they are.
Getting the feeling that there's opportunity elsewhere so that being steady -- people that do start to leave that creates opportunity.
-- -- Has built when those people leave that will gonna create opportunity when the economy strengthens those baby boomers -- been.
Delaying their retirement you know trying to recoup their portfolio losses they're gonna continue to depart the stage.
So when the economy strengthens there will be opportunities the question is can you take the steps now to position yourself to be a prime candidate for one of those jobs -- what are some of the things that you should do.
I think you have to start off by understanding some basic truths of get ahead to the next level where we are the organization.
One is that simply doing a great job producing strong result -- your current job won't necessarily get to promote it.
Those -- table stakes that gets you into the game if you will be considered but for my experience just doing a great job.
Those are not the things that get you promoted to the next level.
So that's number one a -- It's so get look at but what is.
And it it depends on the level and obviously the skills required.
At one what we're going to be different you -- -- -- you -- -- about a senior executive -- was a very different -- -- -- level -- management for example.
The key thing though is to take the steps to understand firstly what are those factors.
That more senior level people are gonna use to make a promotional decision for the -- you want.
That's the first thing then the second thing is to get a good sense of how you're perceived by those people in your organization who make those promotional decisions.
OK so it's all about perception.
About perception but it's about perceptions around skills.
OK so it's not just stylistic -- to go back to school and get another degree your certificate or some -- that.
When I find is usually the things that really make the difference in terms of who gets promoted who doesn't aren't the things you take training programs for.
They -- the skills that people at different levels need to half and again.
Displaying those skills are you great confidence.
On the part of those people that you can succeed at that Ireland so what are some of those skills then.
We give an example that the book the unwritten rules focuses specifically on those aspiring managers who would like at the executive level.
Obviously -- a strategic skills you've got to be able to chart a sense of direction.
You've got to build a strong team -- got to surround yourself with the talent that helps you succeed.
You need to show not only an openness to -- had to innovation and change gonna show the ability to lead it.
So those are some of the things that ever that I reflect on the book.
But it's it it's a tough it's a tough time how important is it for you -- mean to not only build skills with in or contacts and then but.
Your external network at as well in these days is really important is -- It is critical for a number of different reasons like I mentioned this in the book.
Partly it is having an external network that gives you put up broader perspective about the industry -- of -- strategic thinker.
-- -- changing the organization you need -- know what's going on outside your company.
But your point it's a very good one having an external network provides the eyes and ears that you will need if and when you decide checked the outside market.
You basically have them on the back burner and I guess that's a good thing when you come down to negotiating.
Wouldn't put it this way when people think about promoting their first instinct is you know I -- get from my boss like -- figure out how I get voted tomorrow.
In most organizations that I work with that doesn't it doesn't happen that way they're -- for a number of different reasons but if you begin the conversations now.
Going back to us that before what are the factors that people are going to be looking for how to they see me today.
-- and a great job today to demonstrate whatever it I need to do I need to get into a new job to better demonstrate that.
You could basically put together a plan it may take you 612 months but my argument is that this is the time to begin taking the steps.
OK and so.
-- one new year god willing we have tax tax rates in place everything.
Kind of looks like it's a sunny side up doesn't it.
But once I wouldn't go.
Quite that far especially January 1 you're probably better economist loud enough and I didn't expect that.
It looks to me like things are beginning to firm up.
And it may take you know we don't know could be twelve months could be eighteen months.
I'm confident though going back to we've said before that as the economy begins to -- -- as the baby boomers depart the stage as some of those people go to new jobs.
The opportunities will be there so the question is what can you do now to position yourself for one of those first off the bench position.
Is getting involved in the organization only pay you know a charity -- getting on the -- baseball team -- team and that it is.
The federal help.
It doesn't hurt but I don't think it's central that's I think there are other skills.
For example -- the ability not only to be a team player.
But also to show the ability to get things done across organizational lines.
That's pretty important at least it managerial levels so it's not just -- a team player it's understand how the organization works influencing persuading people.
Those things when people see that they -- this looks like a leader -- this is the person who could succeed at a higher level.
The book is called the unwritten rules six skills you need to get promoted to the executive leveled done be sitting here giving us the lowdown on it.
Ticket out is certainly stuff that we're all gonna need at some point sir thanks Armenian thanks to -- and -- that it's important -- -- -- -- job mean.
I don't think we're not I don't think employment is done rising but that's just me the Dow since -- were up about 2.2.
And a half points right now.
Let's hope we don't tip into the red.
We got a lot going on in DC will be following it all on at the end Peter Barnes -- -- -- interviews with those great CEOs.
We got to hear what happened in that lunch they're probably eating reign him in and around deserters something one -- -- is in the White House.
I think it's chocolate presently sending healthy because Michelle Obama something like health kick -- into the White House and some -- you pulled through the -- cream on it.
I think of the -- action and Alex some Mac daddy decadent peaceably chocolate.
-- That's just me look the Dow's up to six now -- this chocolate can -- -- next at a.
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