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I come live -- -- and look who's here -- resident car buff.
Adam Shapiro back from the West Coast.
Good to have you back thank you can you know we're gonna tell more about that -- the auction that you act I'm fascinated by it but was it totally -- The concorde Ellen Johnson getting company.
Income what are -- that you premier auctions it is giving them an amendment of the car -- by the by the -- guys since Jeff Flock.
And -- frustrated card I just well I really admire old cars I mean I drugs -- -- -- And I just took its current level of loved -- did you know anybody that level.
Forget what I love -- ridiculous I think but.
When you grew up with car I work with cars and -- was and then you just over the place my grandfather was a deal that headed junkyard when I was granted Avila hit the idea that if the deal.
And he was from Portland Maine it's an event like Paula.
But yet but it was really amazing online you can see the pictures of the cars -- just.
Look anytime anyone surrounded by cars that are are worth you know the GDP of small Caribbean nation.
I mean some of these cars -- -- 910.
But let's talk about that one that broke the record there.
Still we -- -- -- -- relatively flat I have to tell you were up about twelve points you know we started the day -- fifties who is the market opened.
Come in on news that.
China overtook Japan and I the second largest economy out there -- -- Our other I now I mean.
It's I don't Clinton -- -- -- let me ask you are you afraid that China is not overtake the United States.
I'm glad you -- -- yeah I guess I'm filling in for Chris and I got to -- the affiliates today got to speak to the people in Chicago yes.
And as you better and yes they said what should we fear about trying to overtake the United States and that's -- -- first tomorrow.
I think that it best guess is twenty years from now they'll become the largest economy that's in the say it rightly right at twenty years from now -- they -- it but the -- It does to some numbers -- first of all it's inevitable because there -- point two billion of them now on the 300 million of us that that's one.
Twenty years is a long -- -- -- where a fourteen even in a recession when the world that's coming -- and and then you know.
Cats and dogs living together right now we're still fourteen trillion dollar economy that Chinese.
At best at what five and a half trillion.
They have so what it's like a -- now it's great march forward still to -- now.
Then have their head that way but so many Black Swan events will occur.
Between now and officially got a Communist dictator and this is you've got you've got time talked.
Just tell you -- Communist dictatorship you have a population yet -- have a growing middle class that's far greater than our entire population.
In China but you have a peasant class that is still.
Far greater than our population and then there is various other civil unrest it isn't the kind that bad breaks apart nations yet.
But to say today that in 2030.
China will be one happy you know smiling.
When it's it's hodgepodge of different nationalities.
And I'm just not so -- -- -- and nobody wants to talk about it on a per capita basis but that in itself to these joke.
And that is in the afternoon 3000 dollars kids from -- -- so we're like you know are we comparing apples and oranges I.
But what -- out I don't know maybe joke when he knows he's here with us today talking markets with us Joseph -- you're over here and in this and are you afraid time.
Now look I'm afraid China does not succeed pray that they succeed they continue to grow because US companies do a lot of business there hopefully they'll do more in the future.
-- -- We are right about the per capita income without the helpful if the per capita.
Income and and I wasn't about that and I and the Chinese -- the issue again and correct me when I get it wrong is that well.
But isn't the issue they need to start having their own people buy their stuff so I mean we have five coffee makers -- -- I mean wal mart's done great United States it's time for the Chinese that.
Five coffee makers and six inside the eggshell egg scramblers all made in China.
It's coming to get a million millionaires now but as a percent of GDP personal consumption is only 35%.
It's half our 7% so there in -- it's it's coming -- the government need to spend a lot of money now buying our treasuries but supporting the Social Security -- back in China.
They see if -- British -- US trust what is he -- -- US trustee of the world these days.
Do we talked double dip at US trust now we're we're world -- constructive.
We see more growth coming down the pipeline -- two and a half 3% growth -- second -- this year premised on the back.
-- companies have cash they're gonna put the work we're gonna continue -- gonna hire particular private sector.
It's not going to be gang busters but we'll see double dip here or overseas what we're we're now three almost four years into this recession recovery cycle and at what -- if there is.
And exhaustion phase where people just say enough I'm tired of being a fan I'm tired of sitting on cash and tired of not investing well get real return and just flood -- something.
And I think we'll start to see more left flood come and equities because I think investors are missing a good entry point when it comes -- good dividend paying.
Blue chip stocks that are relatively cheap here.
That's so much chasing emerging markets of the great China or India story.
But there's some good companies right here -- home you wanna be apart particularly the dividend better but you hear me you.
For me very proud the United States you still say United States and Europe has reached investing.
Typically Europe and more than Scandinavian countries into German exporters would jury's gonna slow down and the good news is -- -- in Germany we -- put some money at work there yet.
But I think the emerging markets of Brazil pulls back as the elections come forward.
Cheers of the fears about a China slowdown that's a buying opportunity if you do not have the exposure that's the key.
And at peace dividend paying stocks because.
At what this -- we have to see more and more of these right we got corporate balance sheets flooded with cash.
Yeah we got analyst writing letters to Steve Jobs and apple saying do something with -- -- -- you make it like 45% on.
Are we -- it is this what investors should be looking at these multinationals.
Good dividends now must feel like it's like the return of the dogs the Dow.
It's yeah I think it is it's good or receive effortlessly that you particularly now he ended the year I think a lot of boards are gonna come back earnings are going to be good in Q3 -- give it will be a catalyst.
Who knows about the tax rates of tax changes that may or may not happen.
Betting corporations are gonna put deploy the -- share buybacks and the NA dividends.
Capital investments it's coming back but I think sitting on that money right now because there there.
They're not in agreement review about the future they're more concerned about the future but I've always stated in Dayton -- he had very robust global economy they they're putting some money to work overseas whether it's Poland most Turkey and Egypt but I do think there's a -- that uncertainty in and around Washington policy backdrop cap and trade health care.
That has created some some -- -- anxiety so no CEO right now is getting fired for having too much cash on the -- Just something I did -- you -- you.
Is a detainee.
The radio person -- Disc -- and you know in the foyer of likely -- -- -- called this junkies.
Most that we've got.
Yeah -- I -- official title and I can't think of every now coming correspondent.
I am I gonna come to the guy on the other -- says what's the rest of the summer gonna look like.
And to me it's almost like.
We should be coming out what's it gonna look like between now on the election right anymore you know we're talking about a buck you know we did see the volatility index jumped 20% last week alone right so it -- to -- -- miles to the index shows you what's gonna happen there it is now.
You don't that it really run.
Well what if it's ready right now -- -- is over a lot of people are on vacation and the training is being here and overseas.
September and October terrifically -- -- months for the markets anyways.
Spending some money will start to be put to work here in these beaten up large cap stocks he going to be -- -- -- -- behind it.
-- -- and I do but I do agree to mid term election we come back from labored -- front and center.
And it is is -- such a thing like a white -- event that I don't want talk negative what's what's the the thing that people not paying attention to that's -- -- bring some good news and maybe.
Speed up that stampede beckons I think it has to be here on the employment front and we're -- I I know we're we're we're losing jobs net net.
But will it private sectors that employment is increasing at the end of -- a positive we'll talk about.
Amongst college educated workers -- for -- agrees that's considered skilled labor.
The unemployment -- four point 5% this country so I think we have a problem employment picture real enough skilled labor -- -- -- -- -- jobs there's a mismatch there.
So we need to talk about that not extending employment benefits that.
To stay home so to speak with the kind of retract the story or is it cheaper to hire -- -- -- because they don't require a lot of a lot of it was the six year old.
Middle manager -- who needs benefits for his failings for themselves it's a combination and -- -- combination but we do need those skilled labor to fifty.
Your -- on the shop floor in in in offices.
But the real quick I mean distributed and 99 iron.
People who have been on unemployed nine weeks and they exhausted him benefits.
Are those people without the skills is that what you're saying that the people who are gonna get these -- -- -- -- 40% of our labor force -- a high school education or less 10% of our labor force has does not having high school education.
So when you look at it in when you've scaled the -- educational levels of the unemployed.
It's 50% up here if you don't have a high school education -- -- -- -- for -- -- percent down -- -- -- -- Recession is taught us anything education matters -- -- the skills that you bring to the labor force.
NN Oakland thanks so much of -- thank you appreciate you.
Chief market strategist at US dressed you know double dip down to talk about that there -- -- -- doubled it.
-- -- -- -- avenue and yet it's and it it it's just it's just our little nuclear.
You know just for handling myself my three kids we can actually -- handled it in public if they double the -- of a a a and at least another allow the doubled at that point that there are a lot of -- are we gonna break we get back and talk about that -- expensive car option.
That box on the CM IPO what is the -- I keep asking this question we'll find out we get back.
Adam Shapiro in for Chris -- we.
-- -- -- -- -- Think he has not -- you -- -- -- behave well it's like you.
-- -- Played a little bit you know I'm gonna go go into the mortgages that can ask the -- part yes -- -- this caught my and I think we have video we have a picture of anyone got a couple million dollars lying around the house you don't know what you wanna do with Dave and you know -- -- got a flat -- -- new car.
How about -- 1959.
For -- EDT.
By here long wheelbase.
Two million that's the car.
That set a world record on Saturday night out in California the -- -- you can't -- animals but the Gooding and company option when mr.
that he once again.
That's a record that car you're looking at four wheels.
Almost two million dollars and will seven point two million that's a record last year he sold one of those -- the year before -- of those I think for five point two.
Seven point two million yeah it's in 1959 Ferrari you know what's is seventeen.
The sentencing I forget why that number I don't know why that car it was in the book and I can't remember what it said because there's this beautiful book of all the cars -- an -- -- -- -- always publishes it all of their options cuts nine beautiful -- -- we have a -- by any chance of the F 33 -- A man -- that's -- that's -- set a world record as well they were -- Expected to get at eight point five and I think we have that higher rate eight point five for a 1933.
For a moment.
Still my question to you is you out there and -- question that they're always asking is what recession.
-- -- you know the rich get richer and the poor get children in the meantime it's the timing we got on the the the collectors.
Is doing very well -- what what was interesting I asked some of the people out there.
-- -- -- the Chinese the millionaires and time mr.
-- these -- they haven't the Chinese are buying the cars yet.
But you have war millionaires worldwide who are taking -- to mobilize these cars then what what type of millionaire.
Collectors museums by them but also in independent.
Who and where they from the world there from England from -- from the united state yeah.
There from all over are -- from idea.
You know -- there's a large.
Middle Eastern contingent but you don't see them that they they have bidders and they found in consistent for the Middle East is that they did did he think about -- relief is a very much market.
The untapped market -- the Chinese -- actually thinking Jamaica.
If you make a living convincing the Chinese millionaires they need to start trying to find -- right now the way the Japanese did back in the eighties that in that now they're buying the artwork books confidence for buying support.
It's their cars just gorgeous I'm finally Lithuanian girl though but that.
You know the -- the absolute.
Greatest value for our forty million -- between thirty -- million.
For a body good and well -- that -- Day day after an American -- and I actually can not to work this morning he's here with us right now.
Getty street strategies also -- on if mr.
It was fun today in eastern and I get up ice.
You people I didn't have placed in -- -- only great we had.
And we just what caught my eye and later we'll talk about what's going closed and there is seen about chocolate and you know -- good.
Yeah plenty of everything's on the planet and every had a before that was fantastic you've never had a Reese's peanut butter -- that an uninformed.
And I never had that Ben and Jerry's flavor.
So let's go out what do you think it is whack on my unimpressive so far today I mean does nothing to write home about we're trading in a tight range.
We're holding -- 200 day moving average and -- downside we could've fallen apart you come out the -- down fifty points.
After last week and you know what.
-- -- a hundred down to a do what wouldn't didn't seem out of the realm of possibility and by the way it is still lose it that day.
We dead -- -- -- -- and 359 and I wouldn't give you definitive answer but.
I'm impressed with the so far the I'm always.
Period because -- -- very I think I'm very shortsighted you know data -- -- -- -- but I went back 'cause look at what people -- the beginning of the year it was one analyst actually.
Was quoted on the competing television network saying that we will suffer -- twenty to 30% correction now and then we're off to the races down 151000.
By 2011 hello have -- committed to.
Yes you know that that to me is a heck of a scenario because of Wear down that much I don't know who's left around -- by this market up although will be extremely oversold like last year.
I think the market -- to the higher.
I really think that sets and I think it's based on an on base and valuations and not -- current valuations but we talk about the last thing there's the markets down not up.
It's still you know what we -- ten trillion dollars in profits that reflect in -- stock market so.
I think you want to go over it's gonna need a whole lot of factors the good news from a market perspective the hurdles are really low.
I think the ultimate catalyst -- be the first good jobs report that's a good enemy good in the sense that hey we created 300000 jobs -- good distance.
We created a 100000 we -- we gonna lose fifty type of scenario.
Imagining -- markets can go anywhere before them into my actions.
Absolutely I think I don't see it -- I see it anticipating.
A 1994 type.
You know mid -- -- and yet and I think it's gonna start the rally into that the question mark really.
It's going to be September October do we get this typical pullbacks.
And then there's already anxiety building out there about that like I might be -- buying opportunity if you think after the election things you know positive with the market prefer.
The Republicans to in the house as well of the senate absolutely absolutely and you know I think in part because there's that feeling that there is an anti business sort of environment out there.
And there's something wrong there's something wrong and it's not just banks hoarding money.
And businesses hoarding money because -- people you know Americans are hoarding money.
It's something that's not right -- we see his confidence numbers that come out.
Expectations as the one that bothers me the most they're falling like crazy word optimistic people -- never really feel bad about the next six months even if we feel like -- a terrible situation now well.
You know while avoiding annoying because of the unknown will wouldn't because we don't know what's gonna happen in this is what you do it's like a -- -- all the winter's coming -- you start to get ready for so we're preparing.
But what we think is gonna be really -- And they did that the risk there of course is that -- becomes a self fulfilling prophecy or are people what where -- experiencing the leveraging him and -- -- -- has not merely -- to the level it needs to I think.
Going into the 2001 the average household was limited about 70% now even though we've been paying that off -- -- 126%.
And that that's too much what we spike -- this savings rate got over 7% I guess first quarter last year.
States -- you know high first second quarter that also people started to spend asserted that since when we were coming out of it.
And that some reason people regular people get nervous again.
And then now we see the savings rate shooting up again so I think people got responsible they took the Dave Ramsey sort of approach for a -- but -- Americans we like to spend money.
And for us to be -- this way right now this deep into recession tells me that people are are concerned about something to your point.
And I think it's taxes at the end of that but let's go to your picture and I got some -- F.
5 Networks you know I love that networking -- he came down last week with Cisco's numbers are out.
I think it's oversold that like a further 20% or more on the outside F five FF IV.
Glad I was thinking that same space Cavium Networks and do the semiconductor chips they wireless -- -- three -- -- -- stuff.
They've had tremendous or incest at execution.
The stock is just just can't get out of its own way another wasn't that great today but I should also note for the viewers there's a 23% to a position.
These sorts of beating this thing down and they're not gonna walk away it's gonna take some serious back to back in his for -- -- cattle pulled it that short squeeze.
Semiconductor space them.
You still like it I like the smaller names and in the big names I don't like at all you know and I have a like you know a name like.
Who's the guys that make the equipment.
Begin to start today and -- it -- the bigger names in that space that have a like them a long time what is advancement.
The semiconductor and some -- them you talk about.
On the images on the larger ones just say you know I just applied materials -- -- that that they do you know they just never get out of their own way but the little names.
Really have Iraq and they really do pretty well.
-- -- -- -- -- Global -- Google.
I -- not become that the Microsoft in their rooms like -- -- -- -- in -- and they -- -- a lumbering dinosaur right now but.
And they did just like get some of that enthusiasm and their stock that they have for the endured phones you can -- -- -- begin to take off.
If you think about the you know how well android is doing -- -- well -- apple is done off the off of its iPhone.
And they think the stock as fairly over I would think him.
Very much oversold but it's it's undervalued and I.
Over the last ten years.
We had -- Mars on boring show the other day tournament having -- as the voice technology with diving is a home run it is and it's still behind the iPhone in technology.
Was this a catalyst for the -- Part of it part of it I've been looking at this for -- -- and thinking that you know it's it's amazing how they were the so popular and then all of a sudden nobody knows who that the they kick elected that car casino but I think they have another run in them you -- an android and -- iPhone.
I think you already have a start to answer well I think the cells are comparable living in the in though I think that that the pace of going now do so more android phones and -- It's certainly given -- Iran for its money it's cool phone.
Clean Mars thanks so I final flip them at that iPhone barely get the signal you -- -- -- those kind of flips major racer like my world.
Yes -- -- like the only -- like the 1990s in the Wall Street antenna.
Every -- guys I had like a seven year old cellphone in them when they left -- outside you know in the in the green room or something Yemen it was gone.
I really believe someone from the Smithsonian -- but I'm not gonna you know.
Hey I'd probably -- a lot of water Blackberry.
And now Dana -- back not gone back when I'm slow memorial Sloan I am exhibit at the same time I I and yet the embrace the touch technology.
I like -- keyboard the black race got -- -- announced the torch.
Keyboard for everything voice automated that down with yeah I'm here child man thanks -- -- Vernon legal hosting again -- coming all week long.
We take a break we get back we got -- by the CM IPO because.
But that sixteen billion.
-- okay well we'll be back.
A manhunt is dot com live I'm superior for Chris Kyra I'm Tracy -- -- data had fifteen points on the -- it could mean a lot worse we were down fifty when we opened.
After last week last week actually worst week we've seen since July 2.
I -- -- thing you know to his point that the market -- -- pretty nicely we could have been.
Just continuing and -- file but it's Monday in the summer and -- trying to be happy out there.
Jeff Flock is always happy he's out Chicago right now Jeff.
We talked about -- on Friday my exact question to you with what I did the rest.
Barely Charles Grassley seems to have the same question these days he's investigating it -- time.
Here's the letter he sent to a -- Borowski who is the special inspector general of TARP.
And he would like Kim mr.
Borowski to look into whether or not GM is rushing you know I got asked earlier is GM rushing into -- IPO I think.
I'm obviously they all I think -- quite clearly are rushing into it the question is is that a good idea or bad idea here's what.
Chuck Grassley had to say he's the -- Republican on the Senate Finance Committee by the way.
He says taxpayers have an enormous financial stake in GM my request that you analyze the IPO.
And determine how much treasury must obtain and return for the sale of the GM stock.
And -- will -- or two avoided taxpayer loss on the original fifty billion dollar bail out.
Hopefully when the dust settles the taxpayer will not have lost billions of dollars on GM.
He also won so the total amount of transaction costs to that will be paid the investment bankers in connection with the IPO to be revealed.
And that's somewhat significant because it now appears based on reports and as well as some of our confirmation.
That Goldman Sachs has offered to do this deal to underwrite the IPO four.
She point 75%.
Essentially as you know it's usually born in the neighborhood at three or 4% and for them to undercut in that way.
Of course some would say.
This is a very unique IPO.
To the extent uniqueness can be modified.
My point is.
This is something that nobody has done before really is is launched an IPO for a company that's essentially owned by the taxpayers.
So maybe it makes some sense to.
You know basically take this.
At a loss or whatever you want to call it and not take the -- Mean so did Jeff it's out of -- I was curious and forgive me for asking what seems like a simple question but.
So let's assume this IPO sixteen billion and they get they get all this cash what is General -- gonna do and how much goes to the US treasury had -- I mean is it designated to go for pay back or is it.
I don't think it is.
You know they've already paid their loans back and so this would be a matter of deciding how much the government wanted to -- of this in order recoup.
A portion of their investment.
As this is an initial public offering so presumably this would be all of that and presumably government and government would decide to sell all of it because that was the thing really takes off there's no way they're gonna recoup their money so if they -- sixteen billion leave the taxpayers get sixteen million and and someone else out there is holding GM stock.
To the tune of sixty million.
Well -- -- essentially the way it would work is that they had the public -- would before portion of the company.
And so that would that would go out there what -- the government that wants to do it would be -- in a stock over just stockholder now but it's not publicly traded stock.
So then it would be able to sell its stock on the open market whenever it wants to.
Based on the stock price and if the stock goes up they would make more money if it goes down -- make less money.
As I -- I don't think they would sell it all right away so that was appreciation down the road they make even more they don't want to longer.
But is anyone answer the question what's the rush.
We do we do we know and read any yeah you know.
It's a it's a valid question but you know some people would ask would say right now's a good time actually let's get it done let's not.
The longer GM has this was -- workers take on the longer GM is called government motors.
The longer it's going to take for the company really to fully recover for people to really dive -- And and you know -- want to buy GM car so.
You know some people think this is a good time -- to market is looking for a successful IPO company with a lot of positive.
-- arguably GM has upside potential and if the economy is not gonna take off any more than it's already taken off and that's basically everybody's prediction.
Why not do it now but he would now and.
They've done they've been that upset potentially talked about there's an article it was either the journal this morning another another -- -- tell -- about the fact that they're not profitable in Europe.
Good question only if they're profitable in the United States OK they're profitable in China but is it enough.
Two to sustain the kind of capitalization.
For you and I'd be made whole as US taxpayers okay we have fifty billion dollars with the stock General Motors.
Let you know how long.
Tempted to whatever that shares are worth would be equivalent to that are great.
When you make a good point I talked to crystal Delhi chief financial officer some would say the heir apparent is CEO some point down the road.
He said I -- give me a negative what's the thing that were issue mostly goes we're not profitable in Europe we -- -- problems in Europe.
And so that is that is a question but you know they're not gonna sell all the stock right away the government that is.
You know you put it out there now the stock appreciates because they get their act together in Europe hopefully.
And you know what's worth more down the road so that's another way could go you know.
If they -- -- so they don't do it now okay so they had say they go through the November election.
And get past what everybody says is this arbitrary.
You know deadline that really doesn't exist but maybe it does exist and -- in the minds of the administration.
Well then that you know was it -- -- get is it is gonna get better down the road as are they gonna would prove that the profitability position in Europe is are things in China gonna take off even more.
You know why why wait with if it waits too long you run the risk of of saying well wait a minute.
You know is there a reason they're not doing this IPO is -- a real problem here somewhere.
And I think -- look at it both ways.
Hey Jeff there was assembling two million dollar in 1959.
Ferrari sold at auction on in California as we get I was thinking actually -- -- -- did you -- yet.
Yeah well I don't want some.
I get out of some money to go out there and behind me something -- got another one.
What he seven was a cup of coffee and and I know him a gun at a seven a lot of -- -- -- that there.
If data that was a Starbucks.
Grant had a million for the McLaren F one -- to be on by Larry.
It would -- a dozen or so and -- you would never sit in traffic again.
I think if I leave my driveway.
I would have a speeding ticket that would just you know get a definitely -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Jeff thanks -- staying on top of this story and thank you -- Thanks guys I have really X sat down and answers conscious of them that that if I sell the house and a bio amber he we can live McClure.
And they don't ever go to college what I know.
-- doesn't -- weekend and we've actually cause an -- breakfast at the par coming becomes would be to pinch you can drive to always some place in the meeting -- -- -- -- And -- -- the moment probably as good.
Let him into joining three -- removing let me tell you it's moving -- actually can mount earnings this morning.
Miss by a penny tight control over expenses though.
Single -- fiscal second quarter earnings increased by nine point 6% but again sales disappointed.
And it -- and -- basically saying still tough out there still got to be home anything at this point.
Shares are up about 3% today Six Flags this kind of blew my mind you've been to a Six Flags lately he has those -- blaming -- not -- been there in years.
They swung to profit to those -- Kids.
Vacation they alert people they did emerge from bankruptcy this of this that this is -- this is how you do it against you go into bankruptcy and come back out and -- make money.
Revenue increased and improved attendance you raise somebody's going.
The Apollo Group -- until Charles likes about his education stocks are there of hunger just to be 500 leader which is.
For profit education -- -- that -- the educational service companies Barclays put out a bunch of upgrades and downgrades on an upgraded Apollo.
But it was interesting on -- S&P 500 today is the apology leader.
Do -- is your loser.
Let's -- that -- us.
I think it's you know it's -- -- and there's some saying.
-- is up 32% today because.
But still at two laying it carrier land and this is one big tongue -- -- filed this Lan airlines.
Agreed to by Brazil's tam airlines -- did not make this happen and can.
What I don't know what the name -- win but he.
Hopefully not -- say could be -- -- -- buy tickets and they can't pronounce it.
Landing in exchange shares in -- For its own stock -- up 33%.
And finally reply would be done about this -- all day tell announce -- it's gonna purchase the data storage company three -- For one point two billion -- went on and I got cast and -- go -- -- things that we know what happens when ground by things that are crap Microsoft went around looking able companies McGrath got them.
Is going to have delved into corporate America more alias that's to plain Stan.
Well the whole thing the future's going to be for instance we had this computer on this -- here we'll welcome you storing anything here on the outside cloud computing right isn't that that isn't this -- -- -- more -- -- know to hold the notion of cloud computing puts my head in the clouds to be imminent pan with land it's -- come right land can you can't make that.
Only -- folks down had seventeen points I don't think that is so bad on a sunny Monday morning.
We -- quick break and then I'm Adam I'm sorry say we're gonna talk jewelry.
-- Exciting -- -- already well they act.
Well -- foxnews.com hi Tracy Byrnes and should be here kindly in for Chris -- today the Dow is now nineteen points.
Car -- -- the FBN live karma because weeks are up more than we started let's see -- holds out twenty to remove it.
We get fundamentally -- now why just because some chicken that's that we talk about Jaclyn Smith is here -- and -- and -- jewelry -- -- hit it right -- right.
And you just -- saying no I'm not -- angels.
-- I didn't I don't remember -- bad elkington poly -- come and cover of the brand name and yeah.
That's a compliment.
Not even on nick at -- Now.
-- then -- -- -- young let's talk about this list that you started this you really and a basement table in your house.
That's actually exactly how we started -- the family business so my whole family and I my father who is.
-- cancer survivor decided to turn something negative something positive.
And we're always making Hillary as a hobby my mother is an art teachers that she -- always -- -- thick.
The site to create alliance bracelets called the -- -- bracelets and we donate the proceeds from that bracelet to colon cancer is a lifesaver here.
And and death.
So let's keep talking I don't I don't think questions what you -- I don't I'm not horrible -- that's not my -- -- -- -- moment because I love this story so.
And you're when you're making jewelry at home -- and his -- Iraq.
It's all precious and semi -- -- -- we specializing colored gemstones that we started with the multi colored -- like -- -- bracelet and then.
Another night who the artistic ones -- create a whole line of Hillary based around colored gemstones so what stone is that this is all blue topaz green and -- fifth and carried out because work.
-- that's my birthday it looks so happy I don't know what it looks so much prettier here and -- like in -- ring when you grow up it's like this putrid green and you hated.
But tell me about I love this story so your dad where it wakes you up.
Montreal and that's where the production is still done yes and now you're -- -- cancer and you have to comments that a and -- That's what is what -- -- -- you might -- -- way to -- like that Amazon has my son's birthday.
-- and a better anyway we got another like -- thing.
No -- I'm confusing news is my -- -- -- Montreal your father has cancer you have to come to New York for checkups for him.
And had to eat and what do you bully your way into the department stores and I am really it wasn't easy efforts mean it was a matter of being -- the right place the right time.
I think that colors really hot down it's been hot for awhile so people.
They want to make -- feel happy especially you know in times -- -- they want something that's a happy.
Have a collection to where also the price point is really affordable -- it's about what.
Gives a price point the average friends from 202000.
Phillips this spring go for that one's 11100 -- -- -- that.
Please if you are saying that you don't gangbusters online.
-- an average price point where people appliances they're like a magic -- online into pneumonia the 200 and below hundred dollar range has been about the 88 dollars blows all the time.
A 150 dollars does really well.
To 75 is agreed retail price point in stores yet.
But any thing that really under 500 -- -- her best.
Definitely use some another guy yourself in the gifting events that -- these rewards.
Did is that blew it out of park view when you started I -- I know you think part of our business deals give the -- -- the way rich people have fathers might need to like I only got a free wants anyone taken 415.
But is that -- blew it out of park.
It's really helped to build the company's credibility when you see and it makes it exciting also -- -- celebrities like Katy Perry should Wear this lead through patents could salaries shortages.
But the Toronto much music.
Video awards I have fearless you zionists are hardly I think that this great free well ever -- -- -- is on her website as one of these celebrity's awareness stuff.
So it's beautiful court actually does like to thank everybody else in his purple thing.
So now what's next is it just.
What's next on I don't know that -- could Wear -- What I think we're focusing on the let's say it's our own website.
That's really important to us building our own retail store online would you open a store -- Not a real one yet we're thinking we were always thinking about about right now that website is really.
Where we see the most growth so that's what we're focusing our resources that is used are also focusing on expanding the market scene where we're working with the states encountering now but we are going to be going to Japan this month so we're hoping develop that market we have a Hollywood -- on while back and she and her specifically saying that colored stones were hot because they can still be big -- Glittery and they don't break the bank and -- I got to believe that that trend is gonna continue -- -- I think it's classic I mean a bride who wants a knife a larger size your name -- necklace they wanna make a statement that they don't wanna spend.
Can get cleared up as previously used this of them -- Collection that they really do sparkle and they have an antique look they're very feminine.
Really well a -- up the most popular stone because there's an alternative to a diamond Jack and then.
-- website is and the AN ZIE dot com take up a lifesaver bracelets to they're so beautiful and the proceeds go to the American Cancer Society is that accurate -- cancer -- colon cancer in the states could you -- colon cancer.
Thank you so much for being -- good luck can think about having me yes for -- -- thank you keep himself and he can hit a live vicariously that's so great.
Thank you can't get AN ZIE.
Dot com to get -- -- -- -- looks fantastic.
And we get -- morrow quietly until more about clothes and stuff and stuff look at this.
But I do think that this can be said about this and I know -- -- -- not gonna go buying any big -- -- stones look Obama.
But it's really pretty but I think it's a sign of the times and -- you can extrapolate this out to.
Where we -- on the economy -- and mean it's not it's almost not trendy anymore to where.
According diamonds all of -- -- nothing that they did and god -- -- -- saying is it even if you have the money you've been in go to break everybody diamonds -- -- even in today's.
Even -- I think -- still wanna look good on me for instance take a look at this picture in me.
He's and then on that SO critic and and and that's probably what I know I'm just guessing here maybe somewhere between 702000.
The 15100 that Ellison masks.
I I'm look at the chief essays from -- -- I I think women like to look -- can do it peacefully without you know.
With tiger lady who has all -- plastic surgery and all the tools.
The -- you know I'm talking about those in the post comes -- -- up she's fond memories.
Her dog inherited them.
Any rate ever again and now we get a kick out of -- -- now Stephanie stilwell is here with us president one Scott plus dot com.
This Sunnis really interesting because unfortunately.
-- victory -- models is not are not the average body.
And years -- Vanessa I'm sorry but they're not -- they're not real adamant somebody -- that air -- to eleven.
And that's -- exceed 62% of women are size twelve -- right -- that's what we're about the real woman and so how did you come about this and clearly so I need.
Yes definitely what we've been in the -- plus sizes for over a hundred years that really was a couple years ago we started to move into our customers she said you know.
We want to shop online we want to find everything all in one place there's no place for us to do that.
And we decided that was the time for us to launch once up -- -- come.
If the majority of women that size or greater -- -- considered outside my isn't that the.
That's a very good question that's just the way the industry has treated over the years and for us that's all that we do come.
Specifically plus -- we have special technicians designers and all product catering towards the real woman.
Mean there's been a lot of publicity lately around the plus size woman the Lane Bryant and recently closed a lot garnered a lot of attention.
Is -- society that to Adam's point is saying that's not normal that well known and well -- that Utley and Ryan was they -- -- models.
The zip plus size models and yet we had they had yesterday -- you said.
And yet we had.
Why is it because society still wants to see that victory cigar -- only -- four crackers all week.
-- We have.
Very large FaceBook accounts and lots of people talking to us all the time and they're telling us that they really are the real woman and they've really want to see those images and I think that was turned to see it really change.
In the media.
When you start to see vote -- be talking about class sizes.
A -- there's there's not hurt me BC adding glamour.
She's still really pension -- -- who who lessen my daughter.
No currently is sized swap so you are here at lions are -- woman -- avenue avenues everywhere these cases and everywhere.
Just a London -- so are any of them doing better than others actually.
We're seeing a lot of growth in women's plus side I think it really is having more choices having more fashion.
We've introduced new European lines also -- scene and -- -- fly reduce pain here look -- -- We have lots of new brand signing up for a site all of the time.
Because they're really needs to be more new fashion options for this woman and I think that this has become a moment where.
The media what you're seeing in the press you see it on -- in terms of diversity of size and I think that women are really saying we want to look great.
Racing you're doing.
Andre is well and everything I mean.
As Adam said and these -- -- silent.
But that twelve a size twelve is still really east could base just sexy body and if there's any minute there were many years where there's nothing -- -- Well absolutely and today they really are wonderful options and people do want to see them represented that way and that's why we decided that if she were going to launch our first.
Plus size fashion show during Fashion Week coming up in just a month.
So we will have you know plus size models -- it's yes.
We're really happy about it will we ever see a plus size and on the cover of vogue cause -- Not.
Because of the Victoria's Secret under -- for -- crackers.
That came in and went to him again.
Which you would -- -- plus size on the cover of -- magazine.
-- right so you're seeing a lot more happening around that this real woman in the media in the fashion press.
So I think that there's a lot of changes ahead.
I've read so that made him I'd be tried to do that the real woman kind of thing though and -- -- long -- and a lot.
You're back on the -- back -- Stephanie stilwell president of one -- bubbled up one stock bubble once Scott plus dot com.
And it's a -- -- I love that it's and it's everything together.
You know all your sites in one place I go to one -- plus dot com and all the stores -- here.
I think it's critical to keep plugging ahead and make amends by his beautiful thank you review us thank you very much thank you -- fragrant add to that the website actually it is really cool and.
And sales are up sales -- up so if you've gone up.
Can I have to look at.
Things have by the -- and then -- -- Hillary.
So -- would have an agreement between Clinton and Ana winds are you wearing and see on your one stop plus dot com out that we had to break.
We get ready to get a good stuff today on the show and -- -- kind of all the good stuff for you.
Who wins who lives of women in -- and now we're talking a cool going to talk liquor for a few cougars coaching thirty on the -- -- and I didn't.
-- the at the -- times that -- -- live our congress before 1 o'clock.
While I certainly hit -- -- -- -- so I think anything's possible.
I -- strength yeah.
Rob Cooper here from -- at -- saint Germain.
Since around there's a man who are fishermen and saint Germaine you're really care very nice guy with a French -- kind of room -- -- beautiful beautiful little bottle.
So it's taken off.
Yes it's all relative over ripple through and so while and -- -- think that is first silent -- what what it what it's based market.
You will it didn't before before I -- -- let's -- threat that is I don't know this this is important.
And where we're not hearing what Adam Adam wants -- -- I -- -- more invigorating and coffee thank you.
What is this is like his campaign here this is our our signature appeared -- you can this is a blend.
Of sparkling -- fishermen a little sparkling water with a lemon twist the view that -- -- the oil Syrian wanna squeeze it like get.
The oil onto the top -- which is an incredible aeronautics and it does smell great it -- It almost -- like them.
I think -- -- but not if it's not very good Atlanta still.
And then take a little -- -- it's change it people drink it straight up or is easily most primarily -- -- -- -- hungry right.
This -- -- again our signature appeared few super light refreshing kind of based on enduring European style prepared -- -- -- and -- cocktail of -- -- refreshing but you be the judge it is different this is a premium.
Yes this -- only our press is about.
They consume my -- exactly -- there is okay I'm.
It depends it's actually it's -- -- from a small white -- that's growing in the French else we're producing at once a year and only three the flowers -- for about thirty to 45 days in the late spring.
We're harvesting them each day.
And making a mastery action from the fresh older -- -- -- to end of the -- it's it's a very.
Process made much more like a -- and then -- the traditional mass produced commercial I heard.
It's it's delicious it notes of -- -- centrist problem -- it.
Which is probably why it's used in -- pair Martinis and things like that and I -- my life it was in mentoring she had in Sex and the City two and I will figure out for the end of the show.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I've -- and actually the smaller bottles and as.
-- favor after wedding.
I think I've got another little minute little -- island -- yeah if you win and you got -- -- do you think it was wonderful can you talk about the industry though and now.
It's been I mean this is an inexpensive bottle thing.
To just use as an has added him right but it's so delicious OK really -- so many how have sales been.
Really really it's been incredible -- -- bullets it's going so long and it's a very esoteric product and move our expectations were somewhat tempered and -- sort of the advent of cocktail culture in this return to hand crafted a more -- and all.
Cocktails there's been a a resurgence of interest in our seasonal products products that -- a unique flavor profile and really contribute to.
To -- these amazing cocktails so -- -- I think our success it's really.
-- -- it helped that as you said the Martinis taken off champagne is back -- -- again and this pairs beautifully with both.
Martini and champagne I mean isn't this campaign -- signature cocktail with a look.
It is -- -- -- but it's -- growth fishermen is so incredibly versatile it goes with everything and it really goes through it.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It -- -- -- just looks like canola it's here yeah 44 for longevity you know so he's drinking it he's an old cap.
Any streaking at just to like because it's like -- -- of long life.
And if so what sells a lot of health properties elder flower I'm on the idea -- thing.
So what's the plan going just -- just you know distribution for for our company and obviously our mission has always been.
To create integrity driven an art is an all products.
That genuinely make a contribution to to the spirits industry and and give the consumer.
And the trade something that they can really become passionate about enough stuff -- track.
He's enemy our -- passionate about your product the bottles beautiful I should think of the -- will house warming get discussion about throwing parties that we granddad.
Cigarette smoking were healthy can Roddick Bloomberg have a cigarette really really well down -- -- -- media and send your men thank you so much for being in the Saturdays and making drinks and.
I really appreciate it it takes.
-- You drink and I think that.
I don't think we got -- on camera actually.
We and we and especially that -- the director of march analysts standing off planes as he's next in coming into China -- -- move this stuff and.
So ray Hennessey is -- that he's gonna sit down and that she's sick in the top -- The about how we have this new iPad app middle -- that I've had changed the world.
And we we're talking here at -- -- and about how it's it's changed the way people.
Let me interview that you know he understands that things.
We took one for himself you know not taken any in my hand I -- -- -- and meanwhile you took one -- and is easier thank you so much did join us there -- is well.
-- the whole world.
Yeah I sort of other guys who say an American society we stuff and doing.
And I think you'd like on western channel but we haven't mentioned the heating up the -- time we have a girlfriend and model iPad app that was launching today that's -- -- here.
I'm here for.
To enjoy the -- estimated to television today this is our great new screen you can download the App Store also thing you know I was doing on guys -- I was able to.
Watching criticize the show by you know you can see here -- -- how prevalent is that you can get the the show actually streaming this show right here you can if you're on the trainer here.
Hiding from a jilted -- -- something you can watch it on the thing without being in front of values -- I'm still here.
Psychedelic counter you know to keep your portfolio on this it's got a lot of great great tools like -- things a lot of things did you find normally on the on the web site.
We have that here so it's it's critical implant that with a Kobe -- old and has stolen my I've handled and it's been been playing at the -- and I asked him.
I do not have won but my birthday is next month Tracy if you're September I am ever go oh well we can't I would tell -- it.
We should they're very good drinks I think she wouldn't try it it's it's really it's.
It takes you -- -- common you know.
Okay my we're almost done SE it after we go anyway news video your portfolio challenge find -- great -- -- it's great.
For those who have these these swear by them now.
And we're really no one else has the kind of business that that we have right now for this pursuit -- we have the first mover advantage for this but it's.
It's exciting product and we're glad that the -- one K -- downloaded at the at the Apple Store.
And it is their costs -- -- it's free Tracy it's free as are all good things in life.
For me like this you think we're glad I -- -- paid for all the good things you know highlight and actually get it -- I think he would be on us thank you --
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