Transcripts For BLOOMBERG Taking Stock With Pimm Fox 2014040

BLOOMBERG Taking Stock With Pimm Fox April 8, 2014

Radio cohost carol massar. We have numbers from alcoa. Reporting betterthanexpected firstquarter product. Stock is higher in the erhours trade area and afterhours trade. Lds are just futures market said the error prevented futures and options transactions and products including corn, wheat, cattle, and hogs. Intel cutting 1500 jobs. The chipmaker is closing its costa rica plant and consolidating testing operations. They had 2500 employees and costa rica before the job cuts. Back to you. Thanks very much. A next guest claims to lead life of Free Association and , nations. D americasese tools as favorite dad. Daddy. Dirty why write this book customer it is a good western. I have had it book in me and that i had surgery and i had it removed. That is the kind of comedy that works sometimes. I understand. You will be here all week. This thing is kind of about death and comedy and i was my headrying to get around how much death was in my family. My fathers sense of humor is yellow schumer which i inherited. And i was throughout a stand up since i was 17. That kind of humor i wanted to make sense out of. It was a therapeutic thing. Government i met a gentleman at harpercollins and like him and it was a yearandahalf after i started writing. To understandle what you have personally dealt with whether it is definitely my or the issues you have had to face as a comedian. Start off with a loss you had in your family because that informs look book at the beginning. It was my parents lost four children. I was alive for two of them that passed away. Twins that were born on the same birthday as bob saget. Two years before. They were robert and faith. They gave birth to me. The hospital has since closed. It was in philadelphia. Than i was born and my other sisters had been born. One was 10 years older than me and she died at 47 of scleroderma which is the hardening of the skin disease. My other sister andrea died at 34 years old and she was six years older than me and she died of a brain aneurysm. There was a lot of tragedy in my immediate family. My father lost three brothers from heart attacks at the ages of 37, 40, and 42. He lived until he was 89 and died eight years ago. My mother just passed away about two months ago. It was interesting as i finished this book and delivered this book that her death had just happened and she got to read about one third of the book, maybe a little more and then stopped because she just before she got to it chapter called things i would rather not talk about. Everyone in the control room is saying to me they need to make it a little more funnier. Lets start with the glasses. What is it with you and people who wear glasses . I was noting in the book that had uncle and aunt, they glasses and then mrs. Sherman. He must have had the same teacher. Was very hot. Threw scissorsy and they bounced off her chest. They were blunt scissors and they did not hurt her. She was my first love maybe. I have had bad eyes and i stopped wearing contact lenses. A lot of photographs in the book of your family, of you and youre always wearing some interesting kind of eyewear. Like a welder. Uncle, he looked like it was he was editor he him. My dad took me there when i was a kid and it is rye bread and pastrami and do not worst that has been split. That is what happens when they break up because life is hard. Sauerkraut and muenster cheese. I do not know why my dad had heart attacks. No idea how that could have happened. He was in the the meet business. Business. Sad stuff happened during on this funny stuff. This is a bad joke and not good and people should not listen. They should stand this. Pantry pridehe food fair. They went bankrupt. He told me that a p was going to merge with stop shop and they would be stop p. I did hear a laugh. Was that before you put your finger through the saran wrap at the meat counter were your father was checking out the competition . You knew more about my book than i do. When i was eight or nine, i followed my dad because he would as of the stores to look at the selfservice meats. To putd just starting meat on a heating thing. All theholes in packages to run the meat. I said id did something great. They were the competition. I hope holes in all the meat and it will go bad. He said you cant do that. He did not yell at me. He made me go back in the store with him and he did not even lay me. He said my son does this. A said he did not do it in a way that demonstrate or maybe feel echoes persecuted. He had stellar people that they did it night and they had to pull their meat. Keep tryingoing to to do that. Start everybody off. Pricescan not beat our but you cannot beat our meat. It is a good time to take a moment. We have more with bob saget. Wile will get the full house ne. My guest is successful comedian and actor in on the author bob saget. His book is called dirty daddy. Lets letsim talk about the fathers. Parted ways and what goes on . My manager at the time told me that Jeff Franklin who house wanted me to still play denny tenor. They recast it. I have a little guilt for. I flew back chile which is good as of the time i had a wife and a child. I needed a good job. House by something that happened. We did the pilot endicott picked up by abc. I knew it was special. I am an actor so i went in and did it and loved the kids as much as i could. I had a oneyearold and the youngest person on the show was oneyearold. Andother kids were four nine when it started. I kind of lived that life and have my own three daughters by hadtime full house ha ended. Was there a room to go to be filthymouthed individual . You were able to do with it on the site where that was not allowed create i was a bit manic on the set and i was also kids, it isere is difficult if there is kids there. I do stop myself because i am a dad. It is a conflicted thing. So i was on Good Behavior but sometimes i did some inappropriate acts. Rex lets talk about some of the training, some of the people you have met, some of the people that you have admired. Richard pryor. He was the star of the movie and i got a part in them before it went to cbs to get that Morning Program and it was one of the raised experiences of my life. Our was hosting at the Company Store and he was an iconic man and maybe one of the best. Indups that will ever live got to be in high point, north it wasa for three weeks. A great experience and i was in a paramount movie. Next person, david letterman. I met him when i was at the comedy store and he was going off to go do his morning show. On nbc for while. Did, he had a date with my cousin. Until two was ok and that made rank groupand then brought that story up again. You think you know the next what do you think you will do . Ext question mar johnnyng me back to carson. Johnny. I on with he was 30 years on the air. It was a decision to make. He talked about this before he declined and he just was he had had enough. He felt like it ran its course. Smart that he is doing what he needs to do. Any chance that up saget would it be interested in doing a gig like that customer i find it interesting but i do not think i would choose a bunch of people before me. Someonewere looking for for full house before they got you. I watched the tape of people getting hit in the groin. Down under andng people getting hurt. People liked it. It was kind of like silent film and it became youtube. And became google. Can i have your number to text you . Not a chance. About your career in standup and how you apply that to what youre doing now. Standup is riddled. You are on the road and a lot of people who do not like you. Maxygen ago where people do not like me anymore which is a nice thing. And then i am older and in my 30 plus now. I do the roadway makes sense. I am going to australia. I will do dates there, dates meeting standup. I have some other theaters i am doing. Are you still doing the guitar juggling . Today. Are one of the few phase two green i used to my guitar gently weeps. Guitar ined out of my the reaction was much like what i am receiving right now in my pants were covered in water. You can only do it in front of 50 people. Going in front of the stadium rex tellwork create us a way being a tank is important in almost any business. A mentor ofe mine said you go just like a tank. You go with blinders on. Go like a tank area thanks for going like a tank and making the bob happen book happen. Well done. Will take a look at regulators. Hitting some of the nations biggest inks with tough new rules. Well explain what that means next on taking stock. The Federal Reserve approved sw rules for the Nation Largest banks. Retaining five percent of their capital against the lessons. For more insight i am joined by our Senior Finance writer and from washington, d. C. , freight keating. Frank of capital andea what do you have to do . Capital now is the biggest thing that we have been talking about when it comes to being. Tis is the debt. Losses kept piling up there were too many banks that were not solvent and we had a big crisis. This was worldwide. Regulars have been trending up with more roles and one of this is a simpler capital we have had all along and those rules are looking at risk weights and riskiness of the assets. All assets are not created equal. So come in on this topic. All assets not created equal or all banks not created equal. Is a regulation system one of you can keep your reaction to this new leaf. I would rather talk about senate. Go ahead. I would agree. This is a big deal. These are tough and significant. These additions, the five and 6 , this will make the American Banking system the safest in the world. It makes them the most capitalized, the best capitalized banks anywhere in the world. That is good news for investors depositors, borrowers client customers. Eczemaou have assets of and you need 5 set aside his capital on your balance sheet. What it means is they shrink and that is bad for the economy and buyers. Or they will buy more investors to put more money in them. S a because of the slow pace of the economy there would be some have it hesitancy. Most optimistic and that was the big country growing. I think of these as two stations will meet the requirements and i inthat is healthy of the long run. It will make america a very attractive place to begin. Tanks do . Change what theyre going to have and be sure your the reference sheets to meet the threshold. What has happened is banks have had to hold onto their theyts much longer than would have probably liked. Before the crisis, banks used to give out huge dividends, by matt buying back billions of dollars of the time. They made a lot of profit but they did not keep those profits to build higher capital bars. Our thanks to frank keating. Coming up, how to get smarter next. Is taking stock o bloomberg. Under shares will trade lq. And setting up a financing arm to encourage purchases. Small and mediumsized business to calculatele the cost of financing. Hey will offer loans paid 6. 5rong was Million Dollars. A46 decline from 2012 when he was awarded larger stock options. Seaworld can keep its killer whale show going at least for another year. Panel delayed the decision. That is a look at what is in the headlines. Back to you. Would you like to be smarter, want to play games, how about doing both at the same time . You. Ulary. Com might be for it is popular. 6. 5 Million Euros earners million users online. Ben zimmer, thank you for being here. Is there a disclaimer that comes thanyou that you know more extra credit Vocabulary Words than anyone on the planet . It would not go that far. You have to know all sorts of different kinds of vocabulary whether it is literary or or mainstream. A you are a linguist and lexicographer. A linguist studies of language and a lexicographer puts that into dictionaries. I came out of the dictionary for thinki worked map. How do you put together a whole dictionary like the Oxford English dictionary . Dont you get tired before you get to h or i or j . That is right. As soon as you finish something mib out of date. Because language is constantly changing. Tell us about the capillary. Com. Where did this idea come from . The purpose is to make the most efficient way to learn vocabulary but make it fun and addictive. We designed it with the game at the center of it. The game is adaptive. It will zero in on your level. It does not matter what your educational background is or what your ages. Or the size of your vocabulary. We will find the right questions to ask you about words that are challenging. Frustrated by questions about words that are too hard or bored by words that are too easy. We will find your level and keep you challenged, keep you engaged. You play this all day long . Theres a lot of testing and we want to make sure we have good questions. We have 125,000 questions in our database covering more than 12,000 words that you can learn. A lot ofsly, we have coverage on words that might be good for middle school, high school, all the way up to adults. High school learners. I know that you have brought along some individual words to illustrate the capabilities of vocabulary. Com. What were one of the words you wanted us to figure out question mark you probably have a pretty sizable the capillary. I use the same word all the time. If you answer the questions right you will get some hard words. That is what makes it adaptive and fun. If you wanted to start me off. Defenestration. Any idea what that means . Does it have to do is tearing down or breaking Something Like removing from a building . A little latin knowledge would help. It means they act of throwing something or something is someone out a window. What is the other word . Rex what about lagniappe question abou . Word that comes from french creole. It means a kind of a gift, bonus that you might have. Especially if a merchant is selling something and throws in something extra. Do have another . Absquatulate. To abscond with something or run away with something. Is vocabulary. Com absqualation at its highest question mark you said 6. 5 million users. We have users on the web version and we launched an app that has been very successful. Had andit for the ipo the the ipad and the iphone. What counts as a hit . Like hundreds of thousands of people . I do not have exact numbers. It was the number one Education App from the day it launched. It was featured in the best new apps. We have half a Million People have signed up to be registered users. A lot of them were clamoring for this and we are introducing it to lots of people who were already familiar with what we were doing and how you can make vocabulary learning fun. How do you make money . We charge 2. 99 and we are selling the app to schools and for schools and School Districts we are creating a premium product that will allow teachers to track progress. This is useful for vocabulary instruction. Students are getting excited because we make it competitive. You can play for your school if you are a student. We have students at more than 11,000 schools who have signed up. Theyre trying to get their school to be on the top of the leaderboard. Congratulations. I bet they know what absquatulate means. Zimmer, the executive producer of the cabbie larry. Com. Coming up, want to take your store online free . Details ahead. I will speak to one gentleman who worked at nasa as an engineer. He is turning fish tanks into works of art. Minus my next Guest Company helps you set up a Virtual Store in minutes and it is free. It has stores in 110 countries using their Tech Knowledge he. It cites sweden as its home base but it is opening an office in new york with the help of a Million Dollars that was recently raised. The u. S. Is the companys fastest rowing market. Here with details, the cofounder of the chief executive waldekrantz. A you want to use it as marketing platform. What does he say to me . The story is lufthansa use our platform for a popup store. We target smallbusiness owners and help them to create a Beautiful Online store in minutes. The interesting thing is while we were targeting smallbusiness owners, a lot of eager brands started using the platform to create popup stores. What is different from a popup store and regular store . Will we think about you, arson we think on line stores. Limited andre is with a limited set of inventory. For instance, lufthansa took their our work and made it available online. The twist was that if anyone bought any of these paintings like you or me a ticket to berlin to pick that up in the gallery was included. A smart way to combine ecommerce and marketing. How early is it to start fresh or start new restaurant when you talk about a popup story that is a standalone or a specific amount of shelf life it with a big online commerce operation now you have got this link and these pages and you have to deal with all of the older issues that may be can never resolve. Of course. All businesses should have an online store and that is the primary goal. We provide a simple tool for any business owner. But then these other things like popup stores, they can be additional or complement three that are based around the story and the brand rather than the traditional ecommerce stuff and like concepts and so forth. What about the different elements that go into making an online store . You have to be able to put up either the service or the product in some fashion. You have to track inventory. Maybe even conduct some actual commerce using credit cards and Payment Systems and then how do you publicize it through social media, what are some of the details . That is one of the key focus areas. We looked at the landscape and we saw a lot of players. Most of them just help you set up the storefront. They do not help you with the Ongoing Operations of running an online business. You come to the activity scheme and it takes you through ease each task. Set up shifting shipping and set up a man. After you launch, we continue to give you advice on what to do next. It helps to take care of your orders and fill up your inventory. Also to followup with customers that have placed orders previously. I am giving you stepbystep help direct the. Give the small storeowner the same or at least competitive power against a much bigger operation . That is our ambition. What we try to do is to make you passionate about a product or business. It gives entrepreneurs the same support that a big ecommerce player would have in the market. Why is it important for you to be in the u. S. . Fastest growing ma

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