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Happy Friday welcome -- and -- I'm Tracy -- -- Dow's down 56 points.
It's it's been nixed that because it was up earlier in the day part of the reason it was was we got great numbers from Google Google actually lifted NASDAQ for awhile.
Magic still up eighteen points actually so I take that back to -- these shares in general are doing pretty well today all because the Google Google basically.
-- out of the park but they said.
Being very clear this time around that they're not just a one trick -- they're not just to search engine they're making -- in their monetizing things in all differently -- ads on YouTube ad revenues up and mobile apps you name it they're trying to do it they're getting ad revenue from a bunch of different places that was good news.
Unfortunately though we heard that inflation was very well almost two point -- it's a little scary why we have been pleased with all this money would -- And sentiment data was weak again University of Michigan -- it -- -- on consumer sentiment it was lower than the expectation.
They were expecting and reading of 69 -- in -- 67 point nine.
So little -- that doesn't bode well that just means that we're not there yet we're happy love.
GE's profit was also down 18% they blamed it on the sale of the Japanese a Japanese consumer appliance business.
But nevertheless GE's earnings down 18%.
New York manufacturing activity was.
And of those -- your big news items of the day.
Make sure I'm not missing anything either way we were and now we're poem back down a little bit but now has six still -- thanks to Google.
All week long Madonna that having.
You make -- this money they -- it and then well they basically does burn it and send it into oblivion and we have no idea what they're doing.
And Aston Webb is with -- outside you know I think it's still nice right past the weather still look at.
OK but you know what it's actually quite coda -- here with -- Uncle Sam and he's saying boy it's cold out here I don't know why he could afford to buy any sort of warm clothing -- it with the wheel of fortune Tracy classically what was saying is.
Three point six trillion dollars that's what the government is expected to spend this -- you say that birdie it as quickly as they can get their hands on it.
That's your hard earned tax dollars and the question is where does it -- what slice of the -- do you get for your investment -- have a three point six trillion dollars that's been the -- and let me tell you feel like they get a vacation or -- -- anything like that on this particularly -- because the -- you get enough money for the person 111500.
Dollars so that really kind of little sliver of green right here.
That's your share of this giant -- -- you can see the rest of the money goes to government programs defense health care and so on and of course.
That money going to the federal government continues to grow and grow but the -- -- on its.
Now that continues to get smaller and smaller and times it.
Which you say you greedy Uncle Sam yes.
You give us some money back now they have it.
Uncle Sam grabbing money used to say I -- you now I just -- I -- your dollar's sudden he's not giving them back in fact I was just saying this is that.
-- they got money -- again did you see that Scott it was inside pocket.
Ray -- that's expense money I gotta get it back.
-- he said this is union card for all that acting he's doing right now wish.
Yemeni unity confidence they -- Now now he doesn't.
I -- Tracey let's just break this down a little bit more though I know it -- having some fun with this but it's actually not that funny.
What do you think about -- some of this money goes and that -- some lovely programs like found.
Hard earned tax dollars money money four point eight million dollars this year we'll go to the it would.
Utilization research food 775000.
Dollars will -- into research into quote pick -- science and technology.
Two and a half million bucks in potato research on all of this one half a million dollars for the brown tree snake programming Guam.
That's money well spent right there in Guam and -- -- US territory of course arrogance about little facts and figures just to you -- mall about time off.
A 102 million dollars for Homeland Security -- -- -- -- money being spent -- -- -- to make -- safe from terrorism.
But you know what that money is spread out over 35 states and is used in such -- says -- of this.
-- a Colorado population 8700.
-- to Texas about 101000 people and the giant metropolis of Showalter Alabama with a population of 374.
People I just have a feeling.
To the terrorists to get a trying to make a point it's not going to be.
In -- Alabama.
It's just my my thought so is this money being spent wisely known as you just -- you throw money at the government goes down is huge this.
And it's gone forever and the -- thing is with throwing more and more money in them dislocating evident 111500.
-- little sliver.
Of this giant -- I am eleven -- this wheel of -- -- you just sat here this is the greatest.
Isn't their thing and I tell you it was very it was it's a the lot for me to bite my tongue and not make a comment about shorter Alabama -- you know in -- and I thought he.
Yeah I I don't -- intently.
I don't even attempt made a couple of -- give another spin.
I mean appointed Goodwin mouth a little -- that's -- Hitting and fitted with and that.
Real world exactly I mean 111500.
It is what you get back in the value of -- services but think about how much money you put -- -- -- the bulk of this.
Three point six trillion dollars Tracy because of the bush tax cuts expire at the end of the year more more money will go into their -- more programs like -- brown tree snake in Guam -- the snap -- once they get it.
It's gone forever.
-- and they wasted and that's why I have.
Raising taxes and fees in all this other crap is just a bigger waste of our money because they don't know how to spend it properly -- -- -- cup projects is you know I mean you know it's just.
Ridiculous is that they spend spend spend we need to cut spending I think that's what we're trying to say -- we don't want to become a welfare state.
With you as -- to hang out Uncle Sam.
Do you think Steve he's got his actors union card he says they do you need cut in Haiti since for US Hollywood's -- have to say up to ten I'll tax you.
Half perfect lay off -- -- series eight words were under the union levels -- okay.
-- and actually -- their Uncle Sam Wheeler of the I don't know what this W eighth yet the -- out I'm he had -- that are fine I'm building here.
And it doesn't like it's gonna rain and you sit inside soon William OK I will I'll -- you to say the why I love it I mean come on -- is a pretty darn good graphic pretty darn good way to get the point across that.
Your money goes absolutely nowhere except in uncle Sam's pocket as we saw that fine actor take -- Webster's money and I do hope he gets back.
Let's talk about keeping your own money that because John -- and certainly figured it out sixteen year old.
Millionaire he was at sixteen made his first million he's here with us right now tycoon is the name of the company is that right I -- little -- Think you for being with us you're 27.
-- 47 this year yes okay so at sixteen and -- -- this is an amazing story you're sixty years old.
You hear it it's fattest town high school here in the city who right by the and that may only get a lot of money -- -- come from my money.
No minority family get the you know standard.
-- come from Hong Kong born in new York and kind of just you know go along with the way -- is kind of a little bit of a nerd -- well -- Smart and you know with the Stuyvesant yet.
Never was really satisfied you know always wanted -- and really hungry and kind of was always thinking about.
How to be back the next you know.
Big thing you know -- I was always kind of hungry sixteen I was the first business that I did was.
As a kid I was always.
Importing these -- -- from overseas from Hong Kong from Japan I was.
My carpet my -- that -- car fanatics I would look how they were kind of you know modified cars and -- -- and you know nobody does it over here so.
Sixteen I decided to full my first up aftermarket auto tuning shop.
And the first three months into it before the end of the summer it was a 27 car race team.
And I was the first guy kind of -- this -- fast and the furious thing about eleven years ago on the New York.
But weak EI and unique and it sound too simple they.
You sixteen years old you start fixing cars basically yes.
And -- -- -- -- him -- because this led to Pimp My Ride which is I'm embarrassed to say one of my favorite shows.
Believe I'm not -- say that but it's one of my favorite shows to you but could you end up becoming the primary supplier for these guys didn't I love that.
Happening between I was the first retail shop to kind of do it and kind of just do it very grassroots.
-- of queens.
And I was you know calling up manufacturers and Tokyo and saying hey you guys had a 1616.
You know just going to you know go go in the yellow pages.
Go online there was Internet I was one of the first start you know utilizing if they hate.
Who are these kind of car makers and I -- a will be important -- -- you know there's all these brands coming from overseas I think eighty mufflers and body kits and he's.
Fog -- -- might -- -- and also bringing here and then I realized that when a consumer somebody really like something especially a guy in his car.
That the amount of money to put into it totally I -- his girlfriend can continue you know it's it's beyond that in his girlfriend -- he can give a damn that have -- the car is -- I guess that my family's car people -- they spend money on cars and it's just.
You know we campaign and worries that we need new -- was it like that should tell me you.
This takes off on you.
I mean it must it was it a word of mouth thing you marketing yourself.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I wanna spend some money there and then before you know -- I'm the only guy.
And it was kind of like you know overnight wonder.
That I went to.
College and things kind of -- of changing a little bit NASA.
Well I was I went to Georgetown university in Washington gum and the first semester and I get calls my part I think you know business is not what it's what it was and I would you know.
I was commuting every other weekend coming back check -- -- the shop you know a couple of people -- a partner that was watching the shop you know full time.
What you're school while the school -- -- Saddam by the way but -- and so after the first -- -- go back and I think you know sales -- down.
80% I -- you weren't there I love metropolitan bear that I kind of try to analyze situation and.
Driving up and on the blocks and all the -- -- you know when are you one now if people figured on acting within the first year with a twelve aftermarket -- -- -- -- pop up in Europe alone and that's -- it probably read -- -- and I started.
Kinda new hot thing right around circle we had a that it started blowing up and I -- injury on my next move.
And so I was in college that the you know what now that everyone is kind of mimicking this concept of tuning your car these kind of tough -- -- your car -- well.
That I wanted the supplier and I want to create my own brand of car -- now and I'll ship it to these guys now with all the.
It's amazing isn't it in my state she's just ahead even though you're so young -- -- a sixteen year old I was one and all I did was drink beer in the -- -- part time.
That's history my -- gonna kill it but that's what I did think he knew I wasn't thinking along those lines at all -- you an anomaly monster friends.
I I was just always that guy that always wanted to like more like I kind of just now actually was I think with the natural -- where your friends or were you doing this on your -- I was more I was doing -- -- my -- -- like my friends that were really close you were very like there was definitely really important support select the first company get a had a part of the second one.
I -- without a partner you know for personal reasons there.
And so I was always leading the way with things -- -- -- -- -- -- with myself I always I was felt that you know you can't.
Take over the world is listening great without you know support of others and actually having other so.
I think one thing at a six -- that you know have like.
A lot of confidence -- so we reserve the understood that.
I have to sit back and listen because I don't know at all and kind of.
What do these traditional Chinese -- as you -- you don't know how to walk if we can run as I always kind of stayed by that kind of concept and saw.
Every every step for -- kind of just listened to the you know people in the industry -- -- other.
You know business owners and listened to kind of trend setters and listen to the press the listened to the media center and try to you know -- it's not a close call served it's called mature.
Right to talk to me now about how we end up in two dozen -- would JC because.
He basically said.
I did this the auto parts and I did it right I did at first I got to move -- -- the next thing and sent -- -- was the logical route progression I did enough.
-- You know I think there's a kind of what a lot of steps into it yeah.
That's a lot of like.
Pros and -- ups and downs kind of like you know lessons along the way so the second project was create my own auto brands.
And actually breathless with some twenty countries worldwide but it's it's a boutique line -- decided to do impulse items was that a big wins and mufflers.
And actually came up with a line of auto accessories that were kind of very -- inspired Japan you know inspired kind of things and.
I created this air pressure that was and I -- and -- see -- we're not a -- but it's probably -- tree.
And it was a it was a it was a it was back to this -- in my right spinning -- phenomenon an act.
Greeted this and I had a patent sort of the spinning wheel you.
But interior -- and communication of -- spinning my ACC that and then I took it to the you know this Michelle in Las Vegas which is the world's biggest car show and I won.
Best look -- in the world.
And it was like this it will get people came engines and and and travel -- and he -- -- -- at the.
No really leaking air fresh and it could hot pink yet and so you know we -- like 151000 some of them have like.
School varsity crystals inside of it in some of them were gold plated and chrome plated and and it really took off and then came my second lesson.
And it was you know color fits and knocking -- of ideas and then before you know it.
You know there's five people doing the -- this from a particular product -- Point 5% of the cost I was -- doing it at.
If I -- this whole alert being premium and being who was special because that's how I wanted to brand the lifestyle grant grant grant you know when -- -- novel idea that could work in their.
Consuming and we're just finally candidates out there -- amazing lessons unbelievable that you actually experienced -- and in reading a book.
But then again you guys get -- -- daisy in 2008 and so with that actually I I started having to figure out how to continue making money and so I within.
China and I was in Taiwan -- in Japan manufacturing you know -- -- these products and you know do a lot of partnership with factories and stuff like that so I think you know what.
I have factories and a lot of people can't figure out how to make things properly and -- in this whole mystique over China and how they're making everything -- something -- -- of -- -- angle lake inlet.
Put paint poisoning in things like that yes exactly yeah.
I was I was the guy that said you know let's manufacture properly and I would go and try to.
Felt my company as a manufactures suffered to a private label deals for -- big department store chains and for all you know doing.
You know actual production for major brands across the world and in doing so I was making good product.
And you know there's a lot of the fifteen supply in the last that are making a lot of product and an -- and -- Specifically for celebrities is well and -- and performing artists and before you knew it you know -- apologies he say hey you know we'd like to get you to a licensing deal for some -- I was making these recaps and accessories.
On the and then it was and -- launch with a lot of school that was easy -- and yet it's crazy album that just went double platinum without any kind of real plus an -- emerging artists.
And so -- in Iraq where originated in the deal to say hey that's that's so close with young -- with the critical like for him.
And I was the original licensee for hats and bags from the get go.
I'm now in 06 and police came around where GA had sold -- where type products group and soul.
This brand 8730 -- -- -- -- -- that they had him because he's doing that huge transition and selling the main brand Rocca Wear.
It was look for -- partner for -- -- and you know.
That's that's sell the brand to John and that John build because he has that passion and this is a very kind of niche -- brand that was really fashion forward himself.
I bought the brand from.
And since 2000 -- with a brand.
Let's say 6700% and now we've.
If it's on fire it's everywhere.
You sound like I mean.
He probably couldn't imagine that you get two point -- -- this yes.
OK so but what's next silence on the -- -- two years -- thing so now it was bubbling up and we really transitions -- to -- mainstream.
And I always was out -- fashion idol is really interest and kind of really super high end night trap I've been to Europe when sometimes my way I've always been kind of focusing on.
Kind of study the great designers and a great brands -- of common emerge from Europe as well Hong Kong Japan.
And so I ended up meeting -- a -- -- -- into the locker.
Who is this you know super cool we're cool.
-- lifestyle designer from Italy -- stores right here in New York -- -- -- -- Fifth Avenue and he had this beautiful storm Rodeo Drive in this little ball harbor.
We started talking and he had this thing that once you get them I mean this guy is.
You know he -- the most expensive suits in the world he's known as the cold here red carpet -- -- -- stuff for Hollywood actors and actresses.
As I said well he wanted to -- -- -- -- collection and I was this guy that's been known to really do tremendous debt.
And so we had set up a meeting we've spoken you know.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And so.
But it's not here rates not -- it's not your C you have to just I mean and I think there's -- -- different mentality here your story really interesting to me because.
-- essentially immigrant or your child amendment there -- you come here and you don't expect anything from anyone.
Brain -- -- -- you must see it on a daily basis that there's this little bit of I mean I hate to use the word entitlement but there's a lot of entitlement around original title I like that I like that that it's a surprise play every with -- -- look like -- sixteen years old I don't think that -- -- -- -- comfortable and global car companies and I like to.
Have I don't want the spotlight on me -- I kind of just you know.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And yet we have almost Simpson people unemployed these days -- -- until.
I I think cell and a bit.
And actually you know we we I've done a lot of kind of like editorials stories and I've been filming kind of -- and I actually go back and I speak at my old college and I don't speak it's something I really like to inspire.
I still kind of have like you know act it's working relationship with like probably a dozen kids -- college right now that I helped them with there.
He -- -- help build like in terms of individual building because like I have a lot of I think it really makes me happy that when I can meet younger people even people have been yet conspired to kind of do more -- -- with that.
At the end of the day it's kind of it makes me happy still for me to do it felt like while you work so hard no I think I've enjoyed life and I think I've been.
I appreciate that if the situation that have been put in that I've gotten you know lucky to.
But Cummings missing I think our generation today in your generation is you have clearly very different than your peers.
I hope so you -- -- try to you know I try to -- but why why do you think that is why do you think you're different.
Is it because you came from nothing is it because you're failing immigrated here and you didn't expect the United States to hand things soon I I think come back.
Has to do a little bit of a cultural background -- I was raised.
You know if I -- a Chinese a lot of people call me a Chinese Americans -- American Chinese meeting that.
I'm a pure American I understand everything going on with you know fashion culture -- what works what doesn't what's hot what's not.
I still understand it equally as -- -- -- understand America.
And so I've been kind of try to pin position that the bridge -- between both worlds in both economies and trying to make synergies between both sides to really make everybody.
Kind of come together and so I think there is this -- -- cultural fight -- other perspective.
That I've been driving at that kind of I think condition differently.
-- I believe in kind of a bake -- collected this you know.
But -- -- -- that being said what do you think about the way we view China here in the United States because we don't view it very positively you -- all our debt.
Or and you potentially it is not buying it sometime soon all our toys come back with lead paint on them so I mean these are the things that people think about -- right now I think that health.
-- half -- to the China the Third World country becoming a developing country.
It's a country that a lot of corporations have gone to make manufacturing.
So when you talk about.
You know a lot of exploitation or -- or other things or or or you know meeting kind of universal standards we all -- understand that there are a lot of corporations are trying -- corporations -- -- -- and say I need this price you making this product at this price necessary and I need fast you know and so I think it's kind of both sides that we have to understand that.
You know when a country the manufacturing especially one that had you know the lowest problems you know -- -- -- in the world.
-- for five years ago it now has this huge growing economy.
Everybody has to grow a you know from America from the civil war where we are now as the world's leader we -- people as well we weren't always pretty all the way through their -- now that you're going overtake -- the world leader I don't know I'm not the person trying to.
-- -- -- -- -- -- -- -- -- -- Tell us quickly about your website -- -- -- dot com -- private stock is actually my my new brand so it kind of I have this you know huge success with young he's you have this other successful the medical clock one isn't kind of you know.
Hip hop pop mainstream and -- -- the most who were luxurious -- in the world and in private stock is actually.
What the first time with my personal collection after being fashioned 467 years noted that a long time if you look at the long time.
But the first time I've been doing what's mine what I believe what efficiently your style you label -- everything it's kind of like they thought of Hong -- that the whole -- really wasn't Asia I think -- -- because of its British rule.
And an -- and England really kind of bring a lot of high fashion -- -- -- Hong Kong this.
There's a great brands of the world over there just like a medicine that can get they're so close to Japan which is very eclectic.
And kind of unusual fashion and I think.
That mix is private -- because this is -- because I've been travelling to should we have a -- -- Hong -- yeah I love Milan and you know Paris not always spent a lot of time -- so this is kind of a mixed yet.
I'm a new Yorker so a little.
With the new York and there as well and I think it's really.
Give it credit kind of might be the end now understand in this offense the ball well -- -- you know well.
And if we're gonna give a ticket out driving stock -- dot com.
Checking out and instead I think you're an inspiration I think it's great that you're targeting kids and given back a little bit thank you John -- tycoon -- -- somebody who -- But check out the -- -- -- -- NN dot com thanks to spent so much time on this and it we -- -- thank you think violence plants.
It's been about China and runners from a that this trip -- -- -- it.
-- -- -- Dow down 46 points will be right back.
Hey welcome -- at BMI -- -- branded gas down 44 points right now unfortunately consumer confidence number came in light.
That pulled us back down even though we have heard from -- this morning that their numbers are really good and that profit was.
GE's profit though was down 18%.
And CPI flat coming that's a good -- retail -- came up a little bit I don't think it's so great that there's no inflation that's just me.
-- -- so did Jon Kuhn total self made millionaire entrepreneur or do -- yourself.
-- students pretty similar guy he has done it himself started his -- conglomerate crazy -- business.
Jordan is your it guy when it comes to marketing and Jordan I'm so glad you're here because we're gonna talk about how these politicians are marketing themselves into the toilet.
Because I have had it actually good example was last night Reid angle debate.
Read wilted like it dead flower angle actually held her own -- -- do it all wrong aren't -- Jordan.
They really -- I mean even in Florida who were on base you know we have us senate race going on we all saw the governor's race going -- plus many other races but I wanna tell you.
These guys and women are slamming each other and -- forgetting that the people want to hear what you gonna do for them it's amazing to me.
-- -- -- I mean I -- to say what's wrong presenting at this point everything from what should they be doing and I would think the first thing they should be doing is to quit bashing each other.
I agree with you Tracy and what they should be doing -- they should stand for something when we think about great brands and -- to relate it back to what I know.
BMW we'd always the ultimate driving machine that we look at Papa -- we know better ingredients better pizza.
They will -- get -- it's a quicker picker upper.
One of these.
Brands the these these in these political aspiration.
-- businessmen and businesswomen that are out there are or.
Political candidates what are they looking to do what they look in the stand for in Florida we've got four major issues that are coming to -- coming on us.
Right now if you look at it.
The first thing is.
We have a terrible terrible real estate tax problem.
It's it's terrible people are locked in houses they can.
Get out of home because they can afford to get out because that they buy new ones the tax in the real estate got to be too high we also have.
Insurance problem because we're Hurricane State.
The probably is -- the insurance for homes is way high.
And if you go on we could look at you know our schools our schools don't have enough money like all the schools in the country have today.
But we have something the other states don't have we have sun.
You around so why wouldn't we have solar panels on the roof of our schools -- that meeting -- -- and net meandering agreements.
We -- our power companies and actually sell power back in power company.
Use that money -- strengthen our coffers for the schools and actually build that that we could actually reinvest in the schools in the teachers and ultimately having the best.
The best curriculum is down here instead of wasting that powerful some -- on nothing.
You know and -- doing -- -- you're dead on right but why does that resonate why doesn't.
How come those -- not the campaign policies out there and -- the easiest solution I guess for these guys is just to bass the -- the other candidate when.
It makes sense to me to tell me what isn't aren't telling -- gonna pick symbol we're not hearing that we're not hearing it.
From our local municipalities all the way on up or down wherever you are.
-- -- -- -- -- -- President Obama ran a breaking campaign.
Change it was simple and everybody was looking for change what he didn't tell us wasn't the kind of changes he was going to make.
So today filibuster very disappointed.
And other people are less disappointed but -- -- his approval rating has sank.
In the state of Florida they're looking at each other trying to pick apart the other candidate did -- -- that candidate.
I totally disagree we don't do that with -- you shouldn't do that when you're running for -- political office and I guarantee you anyone that is watching this.
Absolutely 100 is that would agree with me and then people thirty consider watching when I hit the issues -- shake -- -- I think he's absolutely right in fact every time I speak like yes I hear why don't you run for office you get it and you know what our problems are and you can actually address them and we need help to me.
I believe you'll get something done and let me make one point.
Whoever our next senator is going to be and we have Charlie Crist are sitting governor running.
We have meek running and we also have you know rubio running okay Charlie happens to be an independent.
-- -- -- to -- a pretty good job during a tough stuff dying in the state of Florida running as an independent his mission going to Washington.
It's still learned from all the other great state their best -- This is so we can carry that those best practices to -- Back to Florida and work with our new sitting governor that we do with our taxes in Florida for a real estate.
To actually work at how we make our schools more efficient and how we can actually run better school system.
These are things that are sold meat ball but he's not taken the time to tell the people how important they are.
OK so I mean what should they be doing because it's not just Florida I mean you could even mean anything I can tell you exactly what's wrong in New Jersey.
People in their states they now there were on the ground right I mean is that -- it isn't going to win win -- every day trip and so is -- it is yeah it's just a disconnect these guys just get to a place where they cannot relate.
Any more to people who live on main street.
I think they they're not connecting to us.
-- did their research is flawed and lastly I don't think they want to make the promise because they're not sure they go full well the problem problems with that.
I think Governor Christie in New Jersey happens to be doing a really good job that he's a tough dude.
He's a tough dude and -- out -- taking on.
That constituency needs to take on and taken on the unions need to thank god and he is -- to change New Jersey and make it a place where people -- -- live again instead of people defecting from New Jersey because they're crazy tax system up there.
My OK so let's let's -- -- solutions here.
Big picture right we have a big race coming up if in a couple weeks November 2 is gonna make or break.
I think Cuba hoping it's gonna make or break what happens going forward we -- here -- these candidates clearly we want to hear specific solutions.
I think they got to be more specific to their states they need to those states and listen to the paint ball.
The people know what is wrong OK we'd have to address these things unemployment in the state of Florida is ridiculous.
If viewing there was no real estate tax in Florida the build those who start to build again.
People start to buy again at most importantly we will put people back to -- Florida with one of the most productive state.
For real estate development in the union and look what happened the Florida and it's and it it.
No I don't come back you don't have uninsured is -- problem right am reading Senator Obama chat riding in now.
It -- so far gone.
Nobody trusts anybody so you could say you could create the most perfect speech -- you can hit -- on the head.
And I still untested and it's not just because I was skeptical Sicilian it's because we aren't conditioned at this point to believe.
That everything that a politician says is a bunch of BS.
While I think you've got to go away then you've got to -- -- CR.
And you've got to be able to deliver on that sincerity and most importantly up double reputation we have a governor running Rick Scott and we also -- exit somebody running pretty governor Rick Scott we also have.
Alex Sink that's running for governor okay bulk of them have worked in private practice before were they perfect absolutely not.
But they understand the private sector we take this all the way back to Thomas Jefferson.
Men should work outside of their businesses and donate their time to the government.
Because -- of relevant experience you know how to run good businesses and you know how to run profitable businesses.
Career politician should be banned.
Yes should not have career politicians anymore we should -- men and women out there that are leaders in our society that the people trust.
And -- -- I'll be out there and make the hard changes that have to be made.
And that's interesting you say that could yet and a second term limits come up some -- -- -- shot down and then that goes to the skeptical story again because well.
I'm sitting here think -- the reason you don't want to meet you that you want to stay in office you don't want term limits it's -- gotten used to all the 'cause she cushy perks.
And you wanna give him up -- -- I agree on some great that we need change yup so we keep -- that down.
Like -- tell you know when governor Romney went to Massachusetts now you know governor Romney.
-- capital a brilliant guy.
Incredible businessman he won and that with a 2.5 billion dollar deficit and what he did after scratching his head for thirty days he's -- I have this solution.
I'm going to cut government and guess what he did he cut government and within four years.
He had a 715.
Million dollars -- I love -- Jordan I think they were telling me that you window was -- and well looking here -- -- mania hasn't listened when people talk to me.
Army lieutenant well did did -- I think united neat -- it did in.
I'm sorry Jordan.
Well -- be back -- back in -- on.
And you know what I'm sorry but I'm content on -- Jack anymore really -- -- They good down there to DC they drink some kind of -- and it's true that they're hearing they don't hear or see the truth anymore.
But that's just me but -- is down in DC NN he does not drink the Kool -- I know that for a fact.
Right too much sugar they have triggered -- -- -- -- right way to about the aging related what's going on down there if there Ben Bernanke speaking again.
That's right unfortunately he's actually speaking closer to use up in Boston this morning but you know I fed to DC -- so.
Here's the big lie Tracy there would appear to be a case for further action now -- -- -- all that we've heard.
That the Fed will likely continue to buy treasurys or new round of treasury investments their next meeting as early in November the question is.
How much are they going to buy and how fast are they going to buy of course.
When you buy treasuries which -- doing -- you're trying to lower long term interest rates have folks and get a lower rate of mortgage here.
Find more -- spend more consume more get the economy going the flip side of that of course the downside of that.
Is you could create inflation and the Fed is really never done this much this type of intervention before and at least none of this magnitude and there's a question of down the road if the economy improves and inflation does become a problem.
How does it get out of all this but the chairman says that the Fed.
Is on the case and that they'll be able to handle it so we'll see.
But life is Newser it's in the business someday leaving here and now that they end it there appeared to be ready to dive back in in the appear to have more bullets in the arsenal it's -- -- -- like.
-- -- -- -- I'll issue my story downed -- -- Now you're you're right because -- -- and you couldn't even legal -- that's why I don't say that.
You're right now it it would have been it would have been a much bigger story today if he came out and say that we're not gonna do anything yes in fact.
When Bernanke said that this morning -- -- there would appear to be cause for further action when these highlights came out at 815.
We really didn't see any jump in premarket action we didn't see the -- You know before trading.
Really start to move up and it's futures that's because the Dow already houses priced in markets expect this to happen.
Be a bigger shock to the markets if Bernanke came -- considering all the the Fed has said all the the Fed has -- all fed officials has -- in the past.
If he came out and said what you know it's probably got a good idea that was too many downside risks to purchasing more assets were probably gonna pull back if that was a signal today.
That would have moved the market this is kind of the status quo going into the early November meetings and that's why we could expect that's what's gonna happen.
Yet -- and you're dead on that the market has just totally -- it.
Which is fodder for another day but the notion that the market is happy about more money being infused into this economy that has it worked in the past.
Is -- enough to -- make your head spin off like Rosemary baby.
Probably I was that bad and if you can actually see that a lot of but -- up -- up.
-- what you know exactly when you look at it and you look at all the Fed is trying to do Andy and while this may be and we actually had this conversation.
On the 12 o'clock.
What if it was a more targeted approach what about purchasing incident purchasing treasuries and competing with foreign countries foreign entities -- foreign investors.
-- that you purchase SBA loans small business loans because it is really one sector as being killed in this economy from a business standpoint.
It's small businesses are having a tough time getting loans.
They're having a tough time getting liquidity having a tough time hiring and that's also the problem that small businesses are hiring and Americans are being hired because of that.
And so why don't we look -- may -- a more targeted approaches oppose this.
All -- by buy treasuries in and that was an idea there but it it appears as though all of the Fed said.
All the chairman Bernanke has said in the past few months that that treasury is the way the -- probably going to go if you take this this body of language.
That's been coming out of the Fed recently probably the way to Fed's going to go early November.
Well because -- Targeting money isn't weighed too logical with all due respect for the people you -- shoulders with down there they do not think logically.
You honey and I and our fabulous -- Thank you thank you as you and I did not registered come on now incoming -- I know I know we're just here to have fun come on the -- -- a little -- on a Tuesday right come on.
You have an awesome weekend there.
Thank you to print ads and -- the greatest and he's very I don't know.
Let's how little I think it's phenomenal idea but apparently one that we'll have to vote on in an upcoming election.
But let's talk about how business can keep going even though this government is really making -- attempt to run and into the ground.
-- -- -- CEO of Campbell they Cambridge group and the author of how companies when he got the book with us let's talk we have.
Demand driven business these days and you have to -- according to demand and to me to me and has changed dramatically completely house.
Demand has changed in and some fundamental ways but first let me -- -- relationship to supply.
We're in any long term.
Think China think -- do you think Third World nations Africa.
Is now becoming industrialized.
But alongside of that we have flat to contracting demand and it's going to be here for a long time kind of what you were just talking about.
But with Bernanke.
Business works best.
When you have more demand -- less supply weren't exactly the opposite circumstance we have way too much supply and fled to contracting demand.
The third thing and it's really a systemic change.
Is -- the -- demand is formed and satisfied in aggregated.
Is changing fundamentally because of the Internet because the social media.
Because a Twitter effects -- consumers are taking some of the responsibility.
And it's happening so much more quickly than companies realize.
So you stand back and you say what does that mean but the man.
It means that for the past thirty years since -- supply chain was introduced companies -- focused on supply.
You -- -- so I know you have to focus on demand because there's.
Much less demand.
Going after much more supply so the companies have to really build the muscle of understanding profitable demand.
But I always think that this is such an opportunity for our -- I'm saying this because -- mold young people.
Because didn't get the system so much better -- they're getting them.
They don't know they can -- -- the way we did I mean the notion that you go to the mall to shop is actually almost foreign to my children and -- mining and six.
-- we say let's go shopping and my daughter goes to the computer.
And so this generation of twenty somethings come at a college -- everyone saying they can't get jobs to meet there's so much opportunity for them.
There's got to be somebody -- -- corner office saying I know what to do.
The whole purpose for calling this book.
How companies win is to say that they're going to win differently right imprecise and -- your point to -- your kids go shopping by pressing a button.
If companies don't recognize.
The companies that were winning in the past thirty and forty years will be replaced.
By companies who understand that the first responsibility today is to understand the demand of your most profitable customers but not only that.
But to understand something about the demand to -- most profitable customers that your competitors don't know.
So if you set the standard about being something that your competitors don't know that's how you -- Well in the meantime I am so glad to -- is my girls are a insects they think -- hysterical they go shopping online they feel they shopping bag with thousands and thousands -- -- stuff.
But they have already decided which sites are user friendly right finger and went to England here I'll say -- check out some something they don't go there -- they can figure out the website.
And so already there they're determining where they want to be just based -- User friendliness -- -- you just that is exactly the point it used to be that if you went shopping in the store.
The only demand that you could -- it was in that store or the store next and then it was product placement make sure I see the hot yeah exactly but today the way demand is being formed and satisfied.
Because your daughters can go up and go -- an unimaginably large number of sites and satisfy that demand.
So what we're seeing simply is that which is you're describing your three children -- satisfying demand differently.
And the other side of that companies have to understand it and really have a demand driven business model because what is in short supply.
And therefore is what is most valuable.
Is the man.
But isn't that because we're strapped for cash strapped well.
We're we're cash strapped but if you're companies still have the responsibility of making earnings so the way in which companies are gonna grow is -- have to grow share.
-- you have to make me why your product whether I have many are not I have to -- earlier than that I have to know what product you want.
And then make that product and make it available to you.
So that I had predetermined the product that you're going about -- do that because like surveys and things like that are really annoying well.
First compete you introduce -- -- there's really three flavors of demand there's current demand which is what everybody does in competes but then there's the late in the and the latent demand is the demand that consumers or customers.
Or -- with them but just haven't expressed.
And that that's where most of the prophet is then there's the emerging demand is just beginning to show itself.
And you have to track.
So there there three or four different ways that you understand we're we're latent demand and where the emerging.
If you like me to.
-- and who will reportedly on -- a lot of time this is all in the book all in the book it's done.
It's very public thing in these companies there are still companies out there that are not on top of this.
There are many companies that are -- that and to have -- but inside the book.
There are companies like Anheuser-Busch and best buy and mcdonalds.
They're having extraordinary.
Success despite the fact that the economy is improved.
Well and I saw McDonald's is when he examples and I'll tell you but when they threw that yogurt with granola on the menu I surging to my kids again because -- up until then I had an eight.
That wasn't an accident they understood that there was demand for people who didn't want to -- -- hamburgers and French Fries.
-- could still be profitable when they come with.
Right on it and -- on the -- paying the bill.
You bet to put my -- them and you.
Rick you're great thanks so much thanks nice to meet you -- -- CEO the Cambridge group and author of how companies win.
Ticket -- an Amazon -- it's and then read books that you can manage to get out.
Yet again they get as they had incurred in that -- -- -- of being a sixteen on millionaire like our first guest second guessed it.
That's simply avoid renting -- re going to come and talk sports will be your back.
You know I tell you for Friday -- this kind of very informative show if I DC myself sat out.
To the producers and brokers and come and -- and and it's Friday in the -- only down 37 points and that's less than when we started.
We're -- here and he came back purposely set to make -- -- golf.
Well but also you've complemented the last five -- good eyes and hookers and producers -- it really help it.
Are you want compliment me in advance -- -- for this phenomenal week I don't learned something and then I'll give you compliment I don't come along well.
Learning today -- -- a lot to cover let's go.
All right we wanted to from I don't know where it's our first football season off to a good so I guess you know.
Yes and it's up to good start because everybody in each of their 32 markets thinks they have it easy shot at the Super Bowl.
-- -- -- dolphin fan there was an undefeated 1972 perfect team and every year when the first loss happens they open champagne corks and say we're perfect for another year it was the earliest this ever happen when Kansas City lost last week yes that means there's no undefeated team left in the NFL this year.
The patriots is still the dolphins so what.
That's an irrelevant comment to this -- -- bottom line is.
That every one of the teams has lost the game dolphins loss on okay -- whines yeah.
So so the point is no place like oh we -- -- they had this is good we get a game going on as we got we got a level playing field going on that center and now yet a lot of differences stadiums because I was recently at the new Giants Stadium tonight.
Maybe they can -- that a little more money into that thing holy heck its New York go to 1000000006 which in another city is like you know 800000 dollars to confront this isn't necessary is is the billions -- -- millionaire if necessary well you know a lot of its labor cost -- a billion to in Dallas for their game after the Super Bowl we're gonna come back in February we're compared to 1000000002 days been for that.
And the 1000000006 they spent New York a lot of its construction cost -- -- -- 1000000006 necessary.
Concourses are wider a lot better amenities for the fans that's a lot of money.
That's a lot of money to take into the -- -- lot of -- take kid -- game we had this conversation I think I know -- to pass the cost on to somebody so what do you do.
-- -- -- -- have a good common person you not -- not me there I have three kids I don't think you're on Woody Johnson took Christmas card list now that you tell it like it is that's OK he's the owner.
Here's the bottom line -- my parents will he loves you to listen until you're this interview you heard time.
In that a unity in -- last.
Eight years that a new facility is open -- each of the four sports target field in Minnesota for baseball consul energy said yes just -- last week in Pittsburgh for hockey.
The magic's Amway center for -- Orlando Magic NBA two weeks from now in the meadowlands.
Three billion dollars worth a construction a lot of money.
Look I'm I'm not gonna deny that sports is I mean he can yet he can't cut you can't touch it makes more money then.
But is his name and we did do -- spend money to make money now -- now we ought to I'm gonna do what the heck with Marisa Miller.
Can we please what about her what might well you -- -- that doesn't mean she's not what I think saw this all American beautiful thing -- and lest we have a female spokesperson.
Well but she's not the only -- spokesperson remember 41%.
Of NFL fans are win.
So to be very -- typical about it.
Appeal to women fans who buy all the merchandise and office like this in your house but in my house wouldn't make a 187%.
Of the purchasing decision -- I haven't figured OK so the bottom line is you ought to have a woman -- person to deal with a lot of this stuff now that's one of many.
Oh I see it calmed down and get with the program.
Our current I guess I am the only woman in my house so I'm the only adult in my -- -- I make all of this I remember you've got teenage kids so check back at night you know little ones and I made six cannot continue -- exactly let's talk about that then.
Major League baseball's post season yet look what the heck is he doesn't go away.
No well -- so.
Because the Mets aren't -- it now we don't care about yeah.
-- got a lot of Yankee -- The last World Series game will be in mid November they'll be 48 inches of snow everybody's going to be wearing these big commitments which affects the ability not just -- hit.
-- -- trying to throw a curve ball with these large commitments he can't do it and everybody talks about constricting the season what are -- do.
Game seven game seven if that happens then we go to mid November.
The -- -- sort of pregnancy of course you could but the bottom line is it's all subject to collective bargaining there is a labor negotiation like everything.
And so here's the bottom line now there are more teams that are interest did -- or is eligible for post season.
-- various payroll levels than ever before Texas Rangers great story great segue into Liverpool in the bankruptcy we'll talk that in a few minutes.
55 million dollar payroll went through bankruptcy there are emerging now they have a one in four chance of winning the -- here.
Let's talk about billion dollars and it doesn't sense right and I feel -- I want my team.
Playing for the next think ten to twelve months.
That's exactly the point and by the way every playoff game generates two million dollars apiece for the home team so not only do you want it.
But the owners want it as well and so not only filly in the Yankees.
Haves and have not the Philadelphia Phillies are under forty million in payroll they're number four overall yankees.
Obviously number one we'll continue to be number one.
Look at the other teams -- left the giants' number nine and the Rangers number 27.
Out of thirty teams -- so by late Monday.
Is important but it doesn't always buy happiness look at the cubs look at the -- look at the dodge.
And that's can't today they came really close and they couldn't -- -- begin to seem like it would yeah it's.
It's a way given tickets away but not in that series OK so they won the two games they won in the Texas they'll -- to -- series and their payroll according to the numbers we got here was number nineteen.
So again it doesn't automatically mean you spend a lot of money you get happiness you know with your kids you spent a lot of money you get happy for the short term but then you got to spend more money.
I'll you don't act it out how they hired gun Kelly Eric -- raging here we go let's talk about let's look -- pulled up to it.
This is -- I think right yet it is.
It is -- an entirely new developments on this as -- today.
There is a billion point six dollar lawsuit.
-- puts it -- -- lawsuit that was filed today and there's a press release was out about twenty minutes ago.
Where the current owners of Liverpool had said this is an epic swindle.
And they're going to file a lawsuit against the new England sports ventures group for huge damage.
So this is not over the past is not so unfortunately this shows a lot of I don't know you know -- -- even hold my.
Soccer what about it were -- World Cup like again yet come up again Bob but but here's -- thing December mid December the fifa group.
Decides who gets to 2018 and 20/20 two World Cup America Smart out of 2018 probably goes back to Europe 20/20 two where heads.
On favorite infrastructure.
Corporate support we are a matter wealthy give me if you if you get -- US they're sixteen stadiums that would then be eligible so open or closed Miami the meadowlands Dallas LA.
We got now an extra few years for LA to get -- stadium done so mark my words mid December is important for US -- -- -- Quickly there's -- story out recently actually Sports Illustrated broke I think about agents paying.
College kids are getting kids played one college which by the way it has been in existence for years yes and breaking the story doesn't mean it just started it's been.
As old as the hills and the real key to this Tracy is -- regulation how you do it.
Lot of states have regulations federal government has a law that's fairly toothless.
The bottom line is we gotta keep the agents off campus.
Because it makes it more receptive for the kids to be ineligible they think their fault I mean -- part fault but the bottom line is agents need to stay the heck away.
Coach Nick -- Alabama other Jim Tressel Ohio State had tried to close practices.
Because they don't want the agents anywhere near their -- Had to quickly talk about and you -- -- -- did not break the story it's been around and I think was the seventies that the for the couple kids were cited.
That got money for playing and they only got it and if it doesn't a -- of them -- they sent a 250.
And -- sent home to their mom I mean it was very sweet and sweet but I had the reset button but.
Bottom line these -- not -- getting -- -- full right scholarships isn't that enough.
It's a darn good point again and there's a whole issue about paying student -- Nebraska looked at a law where they would increase the stipend.
Four X amount for every player where do you draw the line should football players be paid.
And -- three and golfers be paid or not paid so that's one issue second is you get your scholarship and that is payment that is large payment.
But whatever the standard is.
You gotta be able to brought -- he got to be able to enforce it because if you don't enforce the standard there's a lot of lack of clarity and who benefits the agents -- they can kind of maneuver in there.
There's talk now saying that the top guys should be allowed to accept money because they're the top guys and they bring money to the devil BS because the line yeah where do you draw the line it's.
That shouldn't -- the guys that are just making a lot of money for the school you should do whatever you do do it across to get that correct answer a political thing now your wonderful tale about that is awesome is that all it is the standards are not very high -- getting one.
Ricky Barnes -- Thank you very much -- got a wonderful.
Good housekeeping seal of approval that is awesome and ask them is -- awesome and I albeit very nice to you so you -- -- back and.
-- has come back and I swear.
Next time will be up on golf.
And -- I'm 47 points Evan great great weekend.
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