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The stats on that Atlanta mansion on -- this morning was that yesterday.
We cross ended flat line the zero line on the -- 54 times.
Talk about -- you know people just not known which weighs up and that kind of got a -- that's a lot of what's going on again.
But it a lot of it had to do it Bernanke's comments first we thought maybe the market that they were good I think and they did this and realized who -- nine anymore.
Yeah I don't know I mean I guess I mean -- The -- nobody really listens to him anymore yeah.
No because look he said he's got a -- -- as we said earlier he cannot say the sky's falling sick.
OK but -- I was making the same point this morning.
On -- company of which you and I are part of the company.
Bomb we are always so negative.
And we always are on that show we are negative no leaves on that show we should -- from the fox is now it's the negative -- network and an end because we always are.
We are always looking for not the silver lining validity.
Harness the brown lining up pop pop rest in a cloud that's -- -- -- boy I mean it you know I talked about the the the work that's -- the small business index.
Hey it's -- it's the highest point that it's been since since September of 2008 and went in you and I technicals and the acts like that.
Survey was taken whether Johnson -- -- that you be instant -- -- the same.
But the same point this is a small business index it's measuring their confidence in what they do.
What's around them in their small business they see a big jobs number that comes out and we know that numbers all over the place -- as a huge margin there.
What you ECU that's not gonna change what you see every day dealing with -- suppliers dealing with your customers dealing with your own employees.
I admitted that goes to my point is everybody's dealing with what they have to do on a daily basis and -- -- government reports on a sudden are they saying.
All -- -- that things aren't as good as I thought they Wear because in this huge ridiculous jobs report that comes out once a month.
-- this weekly jobs report that's all over the terrible everywhere and.
Larry I think of you people look and a little microcosm things are really tough and they don't seem to understand that down in DC.
And they -- and all that.
Sometimes they are sometimes we had the -- best western on on the showed today get things -- tough for him.
-- we have Blue Nile upgraded the other day -- that these are diamonds and diamond jewelry things aren't tough apparently for everybody if people are buying diamond.
I necklaces -- any -- has -- Nice I understand -- the same -- -- wired like the majority that's struggling a camera that I don't know the -- you sort I don't think that would enable me.
Art Hogan is here Jefferies & Company chief market strategist.
-- there you don't have the ability to someone to go to you.
As if we don't have 57 minutes left in the shot.
Are -- I don't think the majority of Americans are struggling to pay their mortgages I think they're there are people that.
It more so than we've seen in years are having a hard time that more small businesses are having a hard time it there's less credit available with CNN we've seen all these different factors.
But I still think.
The majority of Americans are moving forward with their lives.
Yeah I think that I think your point about where we are now is a much different place and we were two years ago and certainly where we were last year so it's incremental I think -- the -- part -- What we're going through right now is a recovery that's going to be choppy and it's going to be very slow meaning -- -- -- mean.
Economic growth is going to be in positive territory this year but it's -- to be -- 3%.
That's something we're not used to so it's it's it's a slower pace of recovery in 2011 may be just -- slow so.
We're recover from this recession that we were just him but it's going to be at a pace so we're not used to -- -- -- much quicker pace of recovery.
And the reason for that is unfortunate but it's its external to us a lot of things that are slow down our economic growth.
Have things to do with Europe have things to do with China how much trying to make demand of our goods and services so the frustrating part of this is you know you may be running a small.
The United States -- things may look well and everything you see in the news every -- has to do with what's going -- of the Euro zone and how bad or death situation is or what China might do to the monetary policy to slow down demand.
And it's frustrating to feel that.
You economic situation at least what's being reported as outside your control I think that's part of the frustrations out there -- there.
I also think that and were skewed a little bit here in this New York Tri-State area we -- Pretty well through it all -- parts of this country that are still -- I mean you name that you know the four big real estate areas.
You California Nevada Arizona Florida break they still can't -- homes on market for ever they can't sell.
Look at -- those people don't have jobs they're gonna have to just getting carnival somewhere else.
So I still think there is somewhat of like a -- -- about it all.
Conservative -- that's very correct and he's obviously the Sunbelt was hit the hardest probably the most over developed.
So you know we've proven that the second -- marketing the retirement home market is obviously going to be the slowest to recover and obviously our auto industry didn't do.
Detroit any favors you know so clearly the good news though -- as you look at the United States.
We don't have barriers to doing exactly that you can move from Michigan to go get a job in North Carolina where they're making -- or they're making Mercedes right now so -- you -- skill set and you've worked -- -- lot of work you can leave Michigan go to the state.
That doesn't happen in Europe and -- the difficulty there's a a real structural difficulty you don't go from France and Germany -- Germany the Netherlands because -- better jobs -- because there's that that that cultural barriers we do have some.
Geographic mobility and I think that's gonna help but a recovery I think you've heard -- very good points.
And I think on this the -- -- -- number of -- humid today it's encouraging -- to look forward so I don't think.
Small medium businesses look at economic data as closely as you and -- -- -- -- -- they probably don't track the market is -- to.
What they do is make projections for what the next six months look like to -- and it's encouraging to see that that's gone up consistently.
Since the middle of 81 and been reported that many to I think it's a very good sign and I think that's what part of the -- -- begin with a small medium business if they get access to credit which is it which is getting better.
Yet still -- -- that that piece of the data.
-- -- increased -- 1% are still down in negative territory but access to credit to small media business is very important.
Barred from march of 2009.
Until really people of 2010.
Anytime we had to pull back investors jumped -- who stepped in and it took it to the next level higher.
Now has that changed to where we're back to maybe they were looking at -- 2008 in San I -- trying to catch the falling knife like I try to do in the fall 2008.
And really got hurt you think that's where the sentiment is right now and that's life.
-- we're down 450 points we didn't shoot up at the start of the day today.
Right I think it's a great great question I think a lot of that has to do with the structure of what's -- -- the pressure of the marketplace so you're right if you go from march to April 23.
And 82% move up in the S -- -- -- and we have four poll backs none of them were 10% until the flash when that weren't.
Typically to have back at every post recession rally that we've seen since World War II -- -- very similar moves you have a significant -- fifty to 70% very much like we saw.
-- have war pullbacks one of them would equal ten to 15% -- in that ten to 15% pullback right now.
What's extremely frustrating is that the catalyst for the pullback we're seeing right now is concerned about things that are external to -- -- of the concerns are.
Greek sovereign day European sovereign debt issues things that's out of our control -- what's happening is very natural.
We're just not used to seeing a 15% pullback as we haven't had one -- two years he's -- it's -- painful process to go through but it is part of the process I think it's I think we're gonna find the level.
You know -- like 1040 in the S&P 500 -- ultimate support that's about a third of a retracement of the of the overall move that we've seen.
Historically that usually plays up pretty well I also think that if you look at multiples right now.
Stocks were very compelling the S&P 500 of the -- global basis for 2010 is extreme left and thirteen times.
And eleven -- with a straight left them eleven times that's that's three or four multiple turns lower than just a conservative average multiple for that and it.
Sorry you're you're not only women said the market -- she.
You know the peak -- PE values you name it the -- look at it the wild why -- people died and why was Friday's in that 90% of Friday's buying and selling them people aren't trusting this something in is going on -- they're just not trusting it enough to dive in and start shopping.
Well I think -- I think that's exactly the point the problem isn't people are buying this latest pullback because.
It's the first time it's come over 10% so we're seeing a significant pullback of people that -- people moved too fast too far too fast Kravis is is really feeling like okay now we're getting it -- -- -- In the concerts and -- that don't forget you've got support on every day.
That are outside of our control we don't know what the cost and we don't know if it cost GDP will be -- -- the -- that's going on in the Gulf of Mexico we're not exactly sure what the cost of GDP.
Will be for pullback in the -- from the -- so we think we can figure that amount to possible throughout the gulf.
And we're watching the golf course for every day it really cast the power over everybody's attitude about everything it's a disaster.
But you're European point -- -- when I think because we don't know how much they're gonna pull back I mean they're one of my biggest purchasers of our goods and if they pull back after that does affect us at home it -- -- -- fourth -- of the fourth and I didn't have him over the top there in the top five the fourth.
And we don't expect to see all of that demand pull back and that in the silver lining to this entire Euro situation is in the -- that gets very little mention.
The big the value of the Euro going down as precipitously as it has and who knows where it stops and they end up on eighteen when we -- one tendon problems.
That's very good for the exporters the German exporters -- exporters and never once we've seen that -- -- and -- -- -- economic -- -- -- -- in -- last couple -- -- And I -- one of our producers go to grace -- -- It's like a -- it's such a good idea right now and I'm thinking about it anti you don't often get these sort of I want to that decade opportunities to take advantage of voters of how long are we complain about how much more expensive -- -- -- go there and yeah.
To come here do you.
She's very she's very bright and -- and design business is is that one of the producers is struggling to pay for mortgage seen people are not struggling to pay the mortgages are going on trips -- There are New York centric you have to go after the playing his idol OK so glad you're getting an idea and it Spencer -- -- -- that's good TV and I'm here.
Jefferies and co chief market strategist landing here at the best back again and take a break and we'll continue -- that not everyone can -- -- -- -- We -- being distracted by the toys that are gonna present later on in the show.
We -- it seriously at a children's toys again.
Did not know you can clarify that I'm glad you did.
Who we are gonna talk about that later in the -- -- it sees employee of from Tracy right there -- -- do in the business theories he joins us right now though economics professor of course it.
I threw it -- all -- let's start with last Friday's jobs report because it seems like the last couple of days on the market Peter we're still suffering a little hang over.
Looking back to last Friday.
How bad it was that report in your mind and we you a little surprised -- the numbers are not at all.
Well my forecast that I issued on Sunday night was more than a thousand a came -- what for 31 yup so I was pretty close to the number I wasn't surprised.
At all the stimulus package really isn't gripping you know you spend ten million dollars say on a green building.
That means for the first two years you spend two million dollars on an architect and his assistant.
The president has put this money into his agenda not it's -- projects that really put people to work.
And some of his agenda doesn't put Americans to work -- a lot of the Windmills he's buying the parts come from China so you know wasn't very sensibly spent.
You have that you do have the fact that in Europe just as -- -- pulling out of a recession.
They're contracting fiscal policy because the bond market simply won't -- them any more money.
And the Chinese because -- have an overvalued currency which hurts us you know on on the import side it has also tighten tightening interest rates -- -- overvalued currency is giving them inflation.
There's a lot of external that are working against us right now.
And frankly Washington is it is.
Let -- not doing a very good job where it can.
Well we can't do that jacket as -- -- 800 billion dollars and -- -- us now.
I have a -- 800 billion dollars now the Harvard boys in the White House who hold guys at a university in Maryland -- -- They're saying they should do something about -- currency have blown it lets -- Claire B cannot.
My profession didn't do this this is bad for -- -- and Larry provocative spurted up.
They have basically -- spend the money they let Nancy Pelosi and our friends.
Not spend it on shovel ready projects if you gave me 500 million dollars -- -- billion dollars I get a lot of people work and real fast the trick is to put them -- projects that need to be done right now in every community around the country there's a school that needs renovation.
If you give them the money and say look you've got ninety days to spend your 675.
Whatever it is -- proportionate.
Don't get it -- trust me they'll get it spent.
But beyond that we need to finally do something about China China won't do -- for itself.
It but won't -- value its currency that we should -- -- on convergence which would have the same effect in pricing.
The Chinese currency to American importers and we get turn around and use that money to reduce the deficit which wouldn't be a bad thing.
The other thing as.
We probably could have much more fuel efficient cars much more rapidly -- want to spend some money spend it on that not some ill -- cash for clunkers program.
But properly getting a lot of these big heavy papers off the road and replacing that -- more fuel efficient vehicles.
That could stumbled -- people around and we can build loves.
-- is the last time we spoke.
Geithner paid a visit to China and I thought we -- -- making headway in terms of either convincing the Chinese at least having an agreed to do something about there about the one.
Well I distort but Iacocca and -- -- -- -- say they've got you don't -- -- days have you seen the Chinese change anything they don't.
No you're right they talk Obama and Sarah is basically got the golf is still expensive restaurants in Beijing comes back and says we've been progress.
That should tell you you know you don't -- in his next job is going to be.
That's right -- The kind of partly you know what we're opening up Barbara is next perfect -- little -- that he -- -- to be in it right heavy investment banker.
Actually felt what -- show are on Wall Street not -- will do what they think they I don't know the right guys and then everything got it got the lovely spread collar everything.
-- -- This is why we love having you and interesting since it not stand and these -- are opted.
I can say well what we're doing OK we're doing all right case and they are all thanks to you quite frankly here should be left as always.
Terrapins represented last minute here is not a easily up an honest that he -- in rare form everywhere is loving it as well probably if that was your economics or he was economics professor should.
The money -- that have been I had an economics professor who is the Chinese in and literally probably.
Three or four years after defecting from China picked at Georgia Tech in the hand and he -- -- is -- different brand of economics before you didn't wanna get a decorate an exam that is for sure I'm actually an -- an economics major and I have added -- -- little island.
-- what do it was it was.
Glut for punishment isn't thug comments saintly and go up the comics in on California right now -- we're not gonna do it comes to bring hope you'll join Cowell look a little later.
He is I think probably chasing down Arnold Schwarzenegger picture editing sound -- there -- a million different this really stupid things that could -- about -- -- -- insane.
-- -- -- -- -- -- -- On.
Good welcome back buses dot com live -- burns the -- about ties bow ties to allied dig -- husband ties -- -- little bit shorter.
Why does -- getting tied it with a strike if the -- -- when -- sticking out it becomes like the perfectly well it goes right kitchen.
-- you sitting down it's you know it's below -- level is so nobody can see it anyways I have to learn this is one of those things on my list of things stand -- High tide were up 45 points on the -- LT jets I'd take that yeah Patrick -- at the -- -- the neighbors that next time meaning crazy you know how much different it is tying a -- when it's on U -- tying a tie on somebody else think impossible to do that -- let's move in this market they'll move it higher by the -- 45 points on the.
I first have to -- ethical -- 1250.
That's some then.
That's you're sharp -- I think and sort of but it's a -- of running away from fear it.
-- -- yes it nothing scary not okay Pep Boys.
I'm practicing martial Rihanna and I look at I think my sister I think many -- Jack.
Down things up so.
-- -- -- is down about 13% but.
Fiscal first quarter profit increased nine point 5% this is auto parts and service retailer you know since our sales up but unfortunately revenue was shy of consensus and you know what -- -- you know.
They'll get up for a while they were doing good there was fixed in their clunkers and not mine violence.
I picture -- ocean rig because basically all the offshore drillers.
Down today Transocean down the most Goldman Sachs downgraded the -- Transocean Diamond Offshore Drilling.
Noble I mean you naming Goldman downgraded.
In addition FBR cut its ratings on noble and -- -- diamond offshore.
So they were down Baker Hughes as well -- crashed today my lessons -- was down 10% that is ridiculous in one dad -- I have I have a 9% here but yet down lot today.
And that financial you're talking about this earlier on -- this to me -- your lottery ticket money and -- course was part of the whole financial mess.
It's down about 18% over the last month it's up 10% today -- they said they commuted all of their.
Collateralized debt exposure -- it's a good thing -- get their act together trying to sell some stuff off.
That and also pay two point six billion in cash issue two billion dollars in new notes again all this an effort to.
Clean up the debt on their balance sheet and so maybe it's working but I would say still lottery ticket in cascade.
-- just like the name of this -- -- It sounds like -- -- flowing right so they dish washing that shirt.
They gear -- forklifts that -- -- cascade.
Forklifts construction equipment you name of the stock was up 18% today swung to a first quarter profit better than expected sales gross margin improvements.
Beat expectations on earnings and revenue -- like this because forklifts construction equipment we're seeing movement there that some open.
That's a sharp stick and yet there's industrials' -- up and say our last filing is -- -- tech today it plans to ship.
These bio plastic residents to cut cut more than it did last year that -- -- -- more product.
Get it out there resulting in a tripling.
Of revenue about that.
So we have revenue means the stock goes higher -- so it's a.
If you bought it I buy it right now they're let out an invite your -- -- what we -- about the oil.
Again beats you we keep I keep calling you know oil spill and if you get a -- -- and I get angry with myself and I called oil spill.
Because I still stuff all the time it's still in my time.
As -- make sure my suit that's not a know what's going on a golf that is and or oil disaster right now and Shapiro.
Is down on that some of the most beautiful beaches in the second when -- joined him shortly Dan -- -- is still right now senior editor.
All of the daily green thumb I don't know if you've ever been it's those white sand beaches in the gulf they -- -- honestly some of the most beautiful beaches on -- It really is -- -- -- -- -- like you said it's it's more than a spill are still isn't quite the right word to gusher and it's just an ongoing disaster.
But -- -- here because actually Chris -- yesterday feel -- can't do something.
And what to do you rate your you talk about some of the rake in the beats Diaz Elena mop run one -- -- one guy at a time so it's true you feel helpless.
When you see these images and these images of the birds that have been coming up the last few days -- just the break and you see.
The -- is whatever it is that kind of gets you.
Have to feel that way you want to do something because it turns that going around.
And you know the first thing is if you live down there there's more opportunities and there's more you can do the first thing is like -- have just reporting if you see something that.
Is being affected you have to let authorities know -- they can mobilize -- people to respond to it -- -- number one most important thing I think for people and now the mom.
A lot of people think.
Rushing down there may be volunteering is going to be the best thing but that might not be the best way to respond because there you know one thing and mobilizing people who are out of work.
Who would be out there you know fishing now are doing.
Whatever else on the coast that they can't do so those people are kind of first in line should be they're gonna get paid -- -- so that's that's worthwhile.
-- but if you do volunteer there are organizations that are organizing people to go clean oiled birds.
Your message mentioning cascade I was -- dawn you know that's what they're using to you know clean them up.
So you know National Audubon Society Tri-State bird rescue is sent another one -- get involved there.
You have to ask yourself what's gonna make the most impact if you really want to get involved and it might be writing a letter to congress is gonna make a bigger impact and going down and cleaning up -- -- Is that that is -- writing a letter to your congressman or woman the best route or is it writing a letter through a society generally with the Audubon society or some other society that maybe has the year of that congressman or woman.
I think it I don't think you one or the other is more important you know I mean a lot of groups -- have kind of form letters -- can.
Piggyback on I think that the important thing is you know those congress people getting those letters and seeing this is what people want it.
Think we tend to kind of be complacent about that -- -- what they're gonna get another letter what's -- -- matter.
And it really does matter they get those letters that their staff reads them they see the volume of them so.
If you feel that there shouldn't be as much offshore oil drilling -- they shouldn't be in deep water let them know.
If you feel like they just need to be regulated more closely -- for safety and environmental reasons or the government just need to be better prepared if something like this happens you know to have the booms and that.
The people to mobilize whatever it may be.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- To express that opinion or maybe they're just.
You know hadn't been aware yeah issue or what felt.
Inspired to do something about it before -- -- to Tracy's point.
Mean you've got below the National Wildlife Federation -- -- wants foundation a matter of trust National Audubon Society got a government number -- -- got.
Other hotline numbers is there a website you looking goats in one website where -- -- find out all of different -- source is a rare is that they can contact the use of what is the government whether it's for -- not for profit organization -- you can.
Find a lot of them on the daily green we have that -- that featured here referring to so you can find a lot of a lot of options right there the government does have its moments site that pulls together a lot of these resources.
Each state has volunteer opportunities that are available it you know and whether it's Louisiana Alabama Mississippi Florida.
So that's a good way to go through if your interest in volunteering is directly to -- states.
They're gonna have a range of options.
Dan and I think -- an -- together in any suggestions as to boycott BP well I'm -- that I necessarily suggesting that as their way to go but down.
There -- -- were more just recognizing that people arguing that there is a kind of movement out there to start thinking about.
How -- gonna whether you're gonna -- BP products now -- I personally think it's pretty hard to decide if you're gonna boycott BP how how do you really know where that oil ends up into what products and and now what brands.
-- how I'm defining most of the other day because and -- -- catch up but I went -- that's.
And I had three choices and one of them was V tape yet and which do you go and -- -- -- Yet you see I think that's the kind of thing that I would do the same thing and I remember back in -- -- disaster you felt the same way kind of like well there's three in a -- -- tune around.
Which when you're gonna go -- I think that's whether it's a boycott you think -- boycotting you go out with the intention of what I think I don't think it's that's much I think people are making that.
Yeah and the idea iron into just who put -- the oil that was on the Exxon Valdez could have ended up at a shell bush on gas station right now that you might have been getting the actual -- and -- was from the -- anyways I don't know I guess the thinking is -- somehow make a statement here and not go to VPN -- you know maybe maybe then they'll think twice and hopefully through the efforts of everybody out there.
These oil companies will will do a better job of regulating themselves to the government doesn't have to write.
I'd thank you -- great to -- thanks I think -- -- senior editor of the daily dream here.
On the show all right you might tell me what caught your -- this morning I'll remember trying to have BP -- how we got some decent.
Almost as it is scary stats on how the country so don't forget the blood happened April 20.
-- -- -- Illustrious geniuses in our brain room where a -- 49 of the you have seen a by the way let me facetiously you know -- really our illustrious jazz or rock star event.
From the SEC I mean you name it -- the smartest little research isn't we got.
OK so we -- between 121000 in 191000 barrels of oil -- -- have been spilling into the Gulf of Mexico this is according to the US Geological Survey that would mean.
That since April 20 we've released this is crazy.
Anywhere from 588000.
Barrels of oil into the -- it translates.
Seen anywhere from 25 to 39 million gallons of oil just built into the gulf.
Now following you oh my god are you -- that's dumped -- -- me.
Now just to put this on perspective we consume about twelve nineteen and a half million barrels.
Of oil a day.
Translates about eighteen 819 million gallons per day so.
This a good catch up -- I know everybody says it's not gonna but it just seems to me that.
And the each hour -- US consumes 34 million gallons.
Friends only hours worth that spilled right well that's that's.
And that that is -- thing that I really look at the mean.
About an hour of US oil consumption has spilled today act that's me is nothing.
Right but that's -- -- how much oil we have it in this country in Cushing and you know the supply is off the -- arts.
And we consume so much oil you just went through the million -- the thousands in the -- and all that stuff and yet.
If we won our one out that the link that that it takes us to -- our malice here every day.
Is how much oil that let you think that Creighton lost.
So an hour's worth of oil -- You know all countries and this is everyone you know some -- -- all making brownies he announced to us -- -- mountain -- it it it will make it.
If -- to go out right now I mean think.
-- it isn't easy to completely different ways you see it as.
A lot of oil in the gulf I see -- in the overall scheme of things being no oil at all I agree that in the scheme of things it's not gonna hurt our oil supplies.
It's all on African oil we use in -- -- -- -- the water.
Hey Adam Shapiro joins us right now I mentioned before how absolutely gorgeous the sand beaches are down there in the Gulf Coast the panhandle of Florida and they are -- is in Pensacola Florida.
And at -- as we can see.
Some of the most beautiful hiding under rated beaches in the world and they're under threat right now on.
-- -- They are under threat you know Iceland in Sarasota which boasts about its beautiful you know -- whites and take a look at this -- this is this is about as good as it gets and I know you've been down this way there Chris you know.
It is lovely but follow me company the second -- -- tiger for.
You see a lot of people on the beach there there worried about the oil but.
And hit here yet I mean they've been tar balls and stuff but not today take a look at the gulf -- I mean this is just stunningly gorgeous and about a half mile out there.
Is the oil Sheen their boats out there today that -- actually doing fly overs as well from the command center the unified incident sent -- a Mobile, Alabama kind of pinpoint exactly where oil is offshore.
They think the scene about a half mile out and actually sending boats out five miles.
Well what they're doing is steady lobster traps they filled with -- absorbent material they problem into the water deep.
So that -- way you don't see the subsurface oil and they can measure to see how big that might be in where it is.
And but it might get here wins today blowing stuff back towards Louisiana good news that's all the -- in the tourism industry in Florida.
Bad news for Louisiana perhaps Mississippi and Alabama.
He talked about there but they collect them like 50000 barrels.
Of oil over 101000 gallons of oil at the -- let.
Not enough I mean that things would still -- -- -- -- -- 5000 barrels a day into the gulf -- potentially 38 million.
Barrels already in.
A gallons rather in the gulf.
Already very worried especially the six billion dollar tourism industry right and -- -- his real quick that Sheen.
Obviously we know how devastating that brown gunk that you reported dominant when the -- first happened.
Would be if it came -- but what about the scene is -- so real long term process if indeed that does hit those sandy beaches.
Yeah well -- that that's a great question at this scene when we talk about oil Sheen if you think the marina.
You know every now and then a little bit of gasoline falls into the water and you see that little rainbow we thing about that scene.
You cannot pick that up you cannot stand that you have to absorb that -- -- what this water right here.
If this -- -- to come in.
They'd have to have a absorbent boom in the water to absorb the oil or it would have to come under the sad and then they would have to scoop up that -- yesterday had a look at the video.
Yes David we were out of -- tree Louisiana that's what we were doing and we were actually looking at them replace absorbent boom which it caught that Sheen.
And it fills up the boom it turns a white absorbent movement in this kind of dark brown it's almost black nasty looking thing.
And they replaced it every day out there.
That's what they're facing here that's the immediate threat not only to the panhandle beaches here in Florida.
But if you go west if you go that way make Kanye West did you go back towards mobile Newton if you go over -- Mississippi that's -- that worried about right now.
Adam thanks man.
Actually got it set out to rank for us bank Amaral was overseas -- yeah yeah he -- -- that rat.
This is got a good win evident gig verplank with a knife and beat them.
Much better game for frank -- god have MO from Afghanistan and he has plans take a look at that it's still great because women out there a lot of tourists are doing -- that.
He's in that water at 3 PM.
-- -- -- -- frank appreciate it guys.
And getting all done down there on the gulf let's go from the gulf out to Los Angeles -- -- joins us right now.
We're wondering whether you're gonna catch up with certain Arnold's Schwarzenegger to have you at this points not get.
Kind of yeah yeah I just did a minute ago I have a size and strength advantage straight -- -- to.
It's funny he just -- a news conference outside of via the charter school the local school where he voted a moment ago we did have a little bit of an exchange -- will play back later.
On on Fox Business but I asked him because we're so -- about it from a national point of view about the selection because of how large California's obvious and how important it is to the national picture.
How he -- compared the economy now as he wraps up his tenure in office -- It when he first took office and it.
-- he started describing the the the state of the economy at that point budget large budget deficits and high unemployment and all these types of things it really sounded like he was describing the economy now as it stands.
He blamed some of the downturn on the overall financial collapse nationally back into that -- -- claims that.
Some of the reform measures that he supports will be able to hold.
During the economy back but you know you talk to local voters here and certainly for the for the most part they're unhappy.
With the governor as he wraps up his tenure now the question is and we've been watching this polling station which by the way it's been pretty quiet today -- -- -- the -- and their ballots through this is an off -- not a presidential election year mid term primaries can be light anyway.
You know we.
The question is who's gonna take his place in -- -- to -- -- meg -- headquarters tonight guys and does she has spent a ton of -- on this campaign.
-- 780 million dollars and its it's almost entirely her own money and I was talking some voters here earlier and and some people come out and say.
Well the thing about -- -- I know more about how much she spent one voter told me earlier than what she stands for so there's people saying she's buying the election -- that type of thing you always hear from self fund candidates.
And her opponent presuming that she wins tonight and she's expected to she's a twenty some odd points in the polls -- -- talk December campaign officials earlier they're quite confident.
Would be Jerry Brown Jerry Brown the former governor and the state back in the seventies the -- -- back to the future you know.
-- do we know we'll be terminator voted -- No we don't he he he talked about voting for the hit lieutenant governor who was here with him and then he said he voted for proposition fourteen was one of -- ballot measures it's actually.
-- -- measure it wiggled open up the primary process so that wouldn't be a Republican and democratic primary it would be just.
With a cave in first and second go against each other in the general election so he was here supporting that voted for didn't talk at all about the the candidates -- It's actually one there's one interesting thing that he did do I forgot to point out when he was in this room to vote.
You know I believe you voted for two candidates in the senate primary is one of the other races in other words he didn't feel spell it correctly.
So -- -- here behind me to correct the governor that right -- yet to correct the governor.
What happens right.
Well just tell us real quick -- -- what what did he do that he he voted.
-- two candidates for senator.
That's called an -- And the machine recognize the ever votes.
He had that it faces in it and he chose to play his bout which is absolutely fine -- And we vote poses other -- Is this choice was to override that in the united vote would count and I just feel about -- -- -- got.
He's he's a voter like.
I'll go to work as -- -- take it.
Yes always good works at the the board of -- -- -- and then.
In the countries -- got guys will be here all day god Neil -- Neil Cavuto a special coverage tonight Fox Business 8 PM eastern will be part of that.
Over meg Whitman's headquarters big election interesting day in in politics and his big thanks -- we appreciate Tom McCain at a loss and it is just caught up with -- Schwarzenegger.
Connell pointing out the mistakes.
That Arnold Schwarzenegger made he obviously -- Well you know.
He didn't see the movie commando.
When Schwarzenegger hit the guy and -- them with one punch in and said don't disturb my friend -- dead -- remember that yeah obviously didn't see that part in the movie otherwise he would not be correcting.
On Schwarzenegger guys -- to a quick break.
Web -- about toys when we come back.
-- related to movies.
-- is that right.
-- -- -- different things out of the Dow is up 46 points it's still green so -- hit and run of the elk point and I can't.
We took about.
Summer movies and the associated -- and -- suckers like me but them for their kids because that's what we did because they see the movie and then you have to look at the corresponding stuff.
But there's some cool stuff here aging -- spokesperson for the Toy Industry Association is here with -- -- -- tell -- about.
First of blockbuster movies and employees that come with it thanks for being with us thanks for having -- we have a lot of stuff yeah I would helping.
This is the latest character from Toy Story 3 that says a lot to hug and Barack and.
Well hello there.
-- -- -- -- -- -- So there's new characters he has Branyan hit the first clash character have been associated with the -- -- How on Father's Day weekend Toy Story -- alienate any minute now IQ and even -- -- to a story.
That's a great product from wild planet -- get kids up and move saying it has RFID technology to thank you GP accept.
He's read the character is all of -- around.
And -- ask them to find -- like he had to find what me and they -- runner on you can do it in the back yard and matching game without.
It's not funny -- -- thirty dollars so it's a lot of play value far.
An affordable price.
I was gonna say in this let me play value a plus the way is nice.
But as a parent and -- -- -- moving more toward toys that get kids involved in some type of an activity like this some type of the movement when maybe they could be busy.
And you can take a little bit of a break -- This is not just pleasant talking clasping and that point you're right I finally I don't like where did that open and remove that -- completely blessed part of it and it would just be clutch but that's just me -- But fans are definitely looking for more value when -- buying its way they want to keep their kids entertained.
And they're spending their money a little bit why there and they want it to be able to have a lot of fun.
They want -- act and they want them to learn but.
Like he's not great but I had to shell out 2530.
Bucks for that Kung Fu panda -- And my kids will not what they don't lose that they cannot let it go and it does credit pixel and craziness that they like this -- kids love it they.
I don't know I think it but I -- -- and.
And we know what else you have -- those are still just you know beyond me.
How the generation after generation of Lagos you can remain popular to -- kids.
You know around 567 years old half to have millions of Lagos and how we have a movie hit it really isn't a kids movie in Prince of Persia and yet.
Didn't know what's on kids' toy.
Into action figure than any kind can see an action hero and it is -- -- but that this plague us for a little bit of an older -- about seven possibly a little bit more injured cat back.
Kids love action figures and -- -- off without a lot of these toys out here.
Are -- younger kids and sometimes in movies may fuel -- but all the toys.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- But just for kids and adults were seeing a lot of order -- there is a lot of tween girls are really -- needs to play in -- -- You know maybe a little too old for Barbie doll that they love collecting its highlights actors sap is seeing that skew a little bit -- -- even now it's a perfect for -- discipline left.
I can tell you based on the actions of our crew the Iron Man -- -- much older.
Like 28 to 34.
But that that brings to mind now the fact that we've got a lot of sequels Toy Story Iron Man twilight.
You know -- -- When new movies come out they're -- -- -- new toys that come out along with a.
Right you'll see new an area sends far different movies that come out and once the navy is you know try to ensure unpopular with kids you'll see even more -- -- and sends him to make sure that kids are really got a lot in the goodness of their gonna want to play what I mean it's Christmas in Lagos.
What are some of the time tested story visits last generation mean -- keeps coming back to even now I they have handed our fiftieth anniversary -- -- here half way you have a lot of outdoor classic toys includes.
Reading a fire -- and.
We'll look and we'll only do.
Them even -- and -- and they just.
Yeah I mean it's took its competition yes Hasbro Mattel there's some.
The company's toy companies that do a better job of others in terms of embracing the movie industry -- -- dealing with the movie industry now licensing.
A really important part of the toy industry it's it's over 30% myself -- -- Mattel has brought from the major brands but you know this is from a company called -- it's easy lay gasping master -- A lot of -- companies -- in the licensing games so it's it's not just one or the other.
Had you had -- you win that game I guess because it seemed -- -- Hasbro and Mattel in the big companies.
Would have a leg up they would just have more negotiating partner small company had -- -- -- The -- companies may have in each area like in May be better building toys -- outdoor toy except.
A lot of movies we'll have amassed -- -- license but they'll have different companies that specialize in gains are possible -- For one movie they may be multiple companies that work on the life and had a -- Get into the business that -- -- -- chris' point we have has broken its we have the big weeks.
I get myself in front of the movie guys and say hey I can make it better to let them tell you changed about getting out there toy fair is our big event in February right here in New York where of the licensing inventor -- communities come together are there's a lot of trade -- that there there's inventor group felt.
A lot of companies that aren't in the you don't keep track of spending on toys as well I mean have we seen a drop in -- purchases through this -- recession you know we like and that explains our -- Recession resistant they're not recession proof but parents are going to buy something for their kids they're going to -- something for themselves before they wont -- -- Other good news for our eye industry -- -- twins are relatively affordable and their love our price points it's not like flat screen TV or computer are you can buy toys for attack new out from under five dollars -- The most amazing things appearance at a binds them -- McCain didn't get written off.
Like that I've gotten.
And that way and that figured that out there like it is it's big -- -- let you bring you don't and they use it.
Had a lot of value and especially in the last two or three years with the economy we've seen toy makers and -- -- back and they're coming out with even more.
Toys at those affordable price points and there.
It looks confused technology now at a much lower price point so you're saying great things like in RFID technology for -- -- died.
What about kicking it old -- -- -- who's talking about with the -- who.
All these toys are related to movies that are out now are out this summer are we seeing old school toys making a comeback whether it's -- When it's games like can you -- something like that -- -- officer who loosening those but those toys do they stand a test of time in our may be seeing more of those.
And then yeah.
Classic toys are always there I'm grandparents and parents loved to bond with their kids through toys they may have had at the camping kids -- you can imagine that mom was American and how and that's what it can you Blagojevich sat.
Operation well -- do we can't we let up and you write my mom please sari with my kids couldn't is probably the same -- -- -- usefully.
But thousand years ago.
Yet the kids love that and games block puzzle out out -- bubbles.
You know nothing takes on whole classic but the classics don't go -- in there and ever read that and that's why you're able to have these brand extension.
-- great to see this great stuff look at -- unifil spokesperson of the Toy Industry Association.
And now and you're gonna have to fight to get the Iron Man helmet stand -- -- -- fronts.
I think right -- -- and I don't wanna when it's a quick break and then we come back we're gonna talk about what Clinton hi we are you -- and I look forward yes.
I'm back back does that come -- -- burns Dow up 53 points that.
Something keep moving along here.
We we haven't had the most pivotal moment of the show yet and so we're going to bring -- you right now Chris is going to tell us from all.
Really this is a big honor for me thank you -- I don't know if you saw about Bryce Harper last night watching that.
Made a seventeen -- and overall pick in the baseball amateur draft.
You know he's seventeen years old I now do you know that he skipped his last two years of high school.
So that he could prepare himself for the Major League Baseball draft he got his -- yes he -- quit school.
Got his TV said he could play baseball up for any.
College teens you -- southern Nevada believed you constant use wooden bats -- -- prepare for the Major League Baseball draft and not aluminum bats like they -- in high school.
In most colleges yeah I know this is what we're talking about.
We talk about.
-- baseball dads.
-- his dream since he was seven years old was not to play professional baseball it was to be the number one overall pick since he was seven years goal to be the number one pick and he was he made it.
You know it's so funny because my mother just hands me a local paper the other day.
It's not and the article was on how Little League has changed it's not just -- with go to the -- field once weakened by a good -- home at a ball around.
It's crazy it's travel it's all over the place on the field -- my kid four nights a week maybe five Sundays -- -- in tournaments.
This is looney tunes he's only nine.
This guy it's not as bad is the U member.
Top ravaged remember that you've seen as a basic rule of quarterbacks what's illustrated.
His dad -- -- have any sugar assaults the growing up.
He -- on drive liver calves liver but so eighteenth.
-- think -- it he was born to play quit his dad started stretching his hamstrings when he was in the -- Yeah yeah I'm not kidding that's abuse -- this is all of that is that somebody didn't -- a list that he was the worst us what -- of all time but his son.
Rebels in college he was at USC was Quebec could USC and -- smoke and a lot of grass getting into a lot of trouble with drugs will distract them.
The raiders the Oakland Raiders yet he never made it past when he would when he five played -- you -- -- -- you.
That would all do respect I believe you people on the fact that my kids yet yet that fact that my you know your world.
Is on two teams talent all over God's country has to play straight through the summer and -- you people.
Because you -- -- I can't think reasonable job and I'm never that way I'm never that way.
If you all get behind the yeah yeah -- -- yeah I don't think I did you like.
-- see that a lot yeah IDC that a lot but I I would never in the my kid is gonna do whatever he wants to do and that's -- it by the way just to wrap this up.
Harper is a Boris -- -- courses advisor.
Last year's number one pick by the nationals made fifteen million dollars over four years.
So expect this particular guy mr.
harper to be about sixteen million dollars over four years before he even plays a single that the -- single pitch in professional but I off.
Shooting seventy I'm looking to leave rebels against -- brace do you because she's get being overpaid they -- -- he's being complete overpaid birds is I mean.
They're making nearly as much -- him and second.
And the mothers of the world are gonna.
Totally abusing kid and potentially take off his right leg because he's sending a crappy example for all the kids out there who don't have -- what now finished high school that enough kids think they're the -- But that's bad but I -- at the same time you've got this Stephen Strasburg who was -- someone -- making his Major League debut today by the way so it's kind of ironic.
Nationals fans and their teammates are saying great Strasburg harper come on up help us win because we've never -- we never want it as an organization it.
-- -- -- -- -- -- -- The fact that.
Horrible horrible that this Harris sitting on a college.
You know the let's go I guess -- Carlos Sanchez he's -- -- now boot camps.
And by the way it not only is he the the owner of Maplewood new -- but the winner of the free enterprise contest for the US chamber of commerce had an article about how did you end up winning that.
Armed it was there was some.
-- several stages of the contests initially the contest -- a post a video on YouTube.
And depending on the viewership.
Of the view of the videos it was over a 130 videos.
You can make -- the next next level of the other contests and -- they selected 25.
22 to make it to second on stage and from that on a panel of five judges.
Pick the five the five finalists and those five finalists were voted on by -- on the country and every one -- got to vote every day.
On the views on which video they thought had the biggest dream and define free enterprise.
And had to get all those people about play well.
I I have a big following on the Internet along with having made -- -- cancer also have another brand called sneak -- -- -- he's got TV.
And what I do there as -- review sneakers collectible.
Honestly and and that was something to -- by by accident the phone that I had a huge following on YouTube immediately.
Videos that I started to to put up on video on YouTube went viral.
And and I started he had a huge following on Twitter on FaceBook.
And all the big social media networks so you think you have a lot of issues you have four million viewers and you've seen how many pairs of shoes DS that's news well I have.
Over a 180 videos on YouTube and -- video I usually profile at least one -- sometimes 230 okay so I actually lost count somewhere in the area of 300.
I'm that -- -- -- me that there is examining his sneakers that there but so it's not talk just about have boot camp came about years.
You're single bag -- need to make it and living it make you decide to do what.
Down so why.
-- -- -- he says single dad and was looking for for a job that would give me the flexibility where can help you know raise my daughters and indeed if be -- for them.
And -- personal training and fitness.
Open that gave me that opportunity -- set my schedule I started as a personal trainer working at a health club.
And from that.
I decided to to start -- boot camp and that's where I could train people in groups instead of one on one and that was one reason.
88 it was very effective for the individual and user.
We were getting great results but also in leverage my time work and train instead of one person at a time -- could -- twentieth time.
There are still many boot camps out there nowadays.
-- -- -- friends in cities across the country that are doing it.
How does one separate.
Themselves in this really big growing crowd of states and great.
Yet -- that there's a lot of and Mitch is out there and my my niche is that I'm up yoga instructor along with I was in the navy.
And -- -- wellness coach sold beyond the the won't care but I put together as a fusion of those of those three disciplines of yoga we start off with.
For example we stuff -- the sun salutation there we go into some calisthenics or athletic drills and we finish off with some also with some yoga here.
Many outside you're like in the community does it mean tell people what you're getting thrown tires around and then there's one thing you're laughing there's 1 in Central Park where their lives literally picking up stuff around and make me really get -- -- Amazon yeah yeah yeah well we are -- -- -- Types of equipment it's it's primarily calisthenics but -- also used medicine balls and lifting objects is what they refer to.
For example on Halloween we had -- a special Halloween.
On drive and and and I was a food drive and a toy drive and we had pumpkins out -- people would just in costumes you have pumpkins -- -- of -- And yes so the -- -- some of.
I had a -- high -- Mike Brooks what a -- he's tied it affiliates -- full of sand and run stadiums that's what that thing around his neck.
A now do you have all different levels of people that because you -- the Mike Brooks is of the world.
And you have people that you know it might be and Billy in -- bad shape we got to give him credit for getting out there and -- anyway.
Patent and yet there's there's all levels and the routines are set up so people can work at their level for example say OK these -- the excitement and the exercise and we're going to do -- demonstrate.
And has also progression throughout the four weeks we'll demonstrate the exercises.
And and they'll -- what time facilities have to be done this -- tons of people that are in better shape yet moved to a little bit quicker and others on we'll take their time mother doing.
He's -- -- program he could sign up for 23 your unlimited days per week when people come in they get these great results and then.
This -- -- -- I guess this is what helped you win the contest and what do you think was the defining factor for you to win.
Just I think just people voting -- people being inspired by my story.
-- home because that's some.
Really what I wanted to do was just gonna -- my story hi a transition from the projects and in Brooklyn two of the of the suburbs of Maplewood.
And done and stock was able to start my own business.
And and not only that I also became a sneak a blogger which is another.
Which is another totally different.
A demographic and brand but that's also give me that opportunity -- -- -- In addition to the boot camp some YouTube partner and visa whenever I make videos they.
They share revenue with me on them on the advertisers that are made around the -- it's an interesting thought do you start with yoga so it's lights is sort of like.
Home and then and then you go to the navy talked -- -- And then back to feel the inner peace CLU and they let me in the -- so so he really does.
-- you all over the put me me me in the Hispanic group without quickly before we go if I want to.
Do the contest how to go about doing that.
For -- for -- US chamber of -- -- just go to the website is this how you found it yes armed.
Yeah I was I was I attended a workshop for it's -- nor -- -- told me about the contest.
And in a newsletter so I went to they have what's on YouTube and we YouTube channel will pay enterprise.
And dumb and I submitted a video and -- and better than everybody voted and now beyond going to Washington.
July 15 two -- price.
-- and sneak -- right means that website and you have said real quick so -- -- S and KG double EO KZ.
Dot TV dot TV -- -- thanks so much -- -- sneaky thing he's also the owner of Maplewood boot camps if -- may check it out don't forget tonight.
Election night it's huge regardless I would like California among others -- Neil Cavuto.
Thank you on the Fox Business that would deal video round up on everything that happens on this very important day thanks for watching everyone assume.
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