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<v Speaker 1>This show is produced and hosted by Mark Webber.

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<v Speaker 2>The show is sponsored by G three of Parow.

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<v Speaker 1>The views expressed in the following program are those of

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<v Speaker 1>the sponsor and not necessarily the opinion of seven tenor

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<v Speaker 1>or iHeartMedia. Who is Mark Weber. He's a self made

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<v Speaker 1>business executive here to help you find your success from

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<v Speaker 1>the New York City projects to the Avenue Montaigne in Paris.

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<v Speaker 1>His global success story in the luxury world of fashion

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<v Speaker 1>is inspirational. He's gone from clerk to CEO twice. Mark

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<v Speaker 1>his classic proof that the American dream is alive. And well,

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<v Speaker 1>here's your host of Always in Fashion, Mark Weber.

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<v Speaker 3>Mark Weber.

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<v Speaker 4>This country is amazing. It's capturing the tension of the world.

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<v Speaker 4>And tonight's show because of what was going on, I

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<v Speaker 4>was going to dedicate it exclusively to China, and I

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<v Speaker 4>was gonna call it make Love not War. I don't

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<v Speaker 4>want trade wars. I want fair trade. The world's not fair,

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<v Speaker 4>but we just have to navigate through it. But then

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<v Speaker 4>the whole subject of money and budgeting and where this

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<v Speaker 4>country's spending their money captured my attention. I call. I

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<v Speaker 4>need to remind you there's an old saying or important

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<v Speaker 4>say that figures lie, but liars also. Figure numbers should

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<v Speaker 4>be straightforward, but they're not. You have to look closely.

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<v Speaker 4>You need to be smart, or your forensic accountant will

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<v Speaker 4>be I want to talk money in its totality, corporate money,

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<v Speaker 4>corporate budgets, but particularly I want to talk about how

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<v Speaker 4>you approach it because the United States is under attack

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<v Speaker 4>right now. We're at war with ourselves with the way

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<v Speaker 4>we're spending money. The nonsense that USAID was laid for,

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<v Speaker 4>it's just crazy. You know, we have a corporate budget.

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<v Speaker 4>Let me just make it simple. Every single dollar is

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<v Speaker 4>accounted for, every single dollar is approved. Everyone looks at

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<v Speaker 4>everything you take marketing, travel, What class of service are

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<v Speaker 4>you allowing? At what level we're hotels? Are you allowing?

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<v Speaker 4>Are people allowed to take taxis limos? Every single line

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<v Speaker 4>is looked at. Then in marketing you want to talk

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<v Speaker 4>at advertising, men's how much money are you going to

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<v Speaker 4>spend on men versus women? Which products? Where are you

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<v Speaker 4>going to place your advertising? How often? And then there's

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<v Speaker 4>the question of the course provide him? And then overall

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<v Speaker 4>the most important question of all, why are you doing it?

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<v Speaker 4>You go even further entertainment. Are you to spend your

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<v Speaker 4>money on taking people's sports arenas or concerts? How about dinner?

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<v Speaker 4>Are you going to take them to different countries and

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<v Speaker 4>this is where you're going or the people in different

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<v Speaker 4>comptries you're going to visit with they want to know,

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<v Speaker 4>with whom they want to know? Always why you're doing it?

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<v Speaker 4>With the big question why every single dollar is looked

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<v Speaker 4>at an accounted for, except it seems in the USA budget.

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<v Speaker 4>Donald Trump is president, but he's a CEO first, I bet,

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<v Speaker 4>and in his heart CEO foremost. Now, he may love

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<v Speaker 4>the presidency and he loves the country he's doing it,

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<v Speaker 4>but he knows how to run. He knows how to

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<v Speaker 4>plan and process. No one can run anything without a budget,

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<v Speaker 4>let alone a corporation and of course the United States government.

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<v Speaker 4>So now here we are in a show that I

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<v Speaker 4>wanted to talk about. We're at war with Elon Musk.

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<v Speaker 4>So much for the love. There's a great Einstein story

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<v Speaker 4>that comes to mind. Einstein is teaching a class and

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<v Speaker 4>he's working on a blackboard and he puts up the

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<v Speaker 4>number nine times one equals nine. Then he puts up

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<v Speaker 4>nine times two is eighteen, and he goes all the

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<v Speaker 4>way through ten, and at nine times ten he puts

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<v Speaker 4>up an answer in ninety one and the class starts

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<v Speaker 4>laughing and ridiculing him. And when it dies down, he

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<v Speaker 4>looks at them and said, you know, it's interesting. I

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<v Speaker 4>got ten answers right. Nobody gave me any credit for that,

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<v Speaker 4>and then one answer is wrong, and all you want

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<v Speaker 4>to do is make fun of me and ridicule me.

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<v Speaker 4>The point is, in life and society and media, people

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<v Speaker 4>will always find your mistakes. And who doesn't make mistakes?

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<v Speaker 4>Only those people who do nothing. So here we are

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<v Speaker 4>the leftis at war with Elon Musk. When I was

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<v Speaker 4>ten years old, my mother and father sat me down

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<v Speaker 4>and gave me a ten dollar bill and they said

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<v Speaker 4>it's your allowance for the week. And they told me

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<v Speaker 4>you have to think about it. Mark. You have to

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<v Speaker 4>be very careful because you're only going to get ten dollars.

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<v Speaker 4>So if you go to the candy store, don't spend

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<v Speaker 4>all your money on the first day you need it.

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<v Speaker 4>For the week. You have to look at the price

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<v Speaker 4>of candy, your gum. You need to make a plan,

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<v Speaker 4>and then don't come to us when your money runs out.

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<v Speaker 4>It's your money. You have to respect it and you

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<v Speaker 4>have to treat it well and talking respect and talking

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<v Speaker 4>money and talking always in fashion. My lawyer, my co host,

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<v Speaker 4>my son, Jesse Weber.

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<v Speaker 5>Hello, La Lallo. Good to be back on the show

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<v Speaker 5>with you.

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<v Speaker 4>Hey, it's great. They have a question for you right

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<v Speaker 4>out of the box. I've always been serious with you

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<v Speaker 4>and money and budging when you got married. How did

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<v Speaker 4>I cancel you on budgeting? I don't even remember.

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<v Speaker 3>It was very very simple. I think that this feels

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<v Speaker 3>like it would be straightforward. Maybe a lot of people

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<v Speaker 3>don't know. You said you have to. You have to

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<v Speaker 3>figure this out. How much are you making every month?

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<v Speaker 3>And what are your expenses? That's what you're the number

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<v Speaker 3>one thing. And are you making enough money to meet

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<v Speaker 3>your expenses or things? You have to cut back on it?

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<v Speaker 3>So you make a list. Here's the how much I'm

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<v Speaker 3>taking in. Here are my list of expenses. And when

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<v Speaker 3>I say expenses, it's things you absolutely need to pay for,

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<v Speaker 3>things that you you could maybe be a little bit

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<v Speaker 3>more flexible on, and things that you want to buy

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<v Speaker 3>but you don't you don't have the money to buy.

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<v Speaker 3>Give an example, rent rent every month, that's a you

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<v Speaker 3>have to pay that every month, right, you have to

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<v Speaker 3>Now now you have to eat, doesn't mean that you

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<v Speaker 3>have to go out to restaurants all the time.

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<v Speaker 5>Maybe you buy groceries, maybe you cook a little bit more.

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<v Speaker 3>And then of course the bottom line is clothes or trips,

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<v Speaker 3>things that you want to spend money on. But you

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<v Speaker 3>have the actual money too, And as long as you

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<v Speaker 3>are making it, taking enough money and save money properly,

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<v Speaker 3>then you can have a little more discretionary income.

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<v Speaker 4>And I guess I should is did you learn from it?

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<v Speaker 4>And was I right about it?

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<v Speaker 3>I did?

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<v Speaker 2>I did.

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<v Speaker 3>First of all, it's interesting because I've always done my

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<v Speaker 3>own life, living by my own budget and taking care

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<v Speaker 3>of myself. And then when you get married and you

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<v Speaker 3>have somebody else and they have things that they want

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<v Speaker 3>and things that they do, and you're together, and now

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<v Speaker 3>the cost of a meal is double. It's an interesting thing.

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<v Speaker 3>But she's also working as well. It's been a very

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<v Speaker 3>good educational process and I think I think we're quite

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<v Speaker 3>responsible when it comes to our budgets.

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<v Speaker 4>Well, with that in mind, I think that the government

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<v Speaker 4>has the right and has the obligation to do the

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<v Speaker 4>same thing. Now would you agree with me on that?

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<v Speaker 4>So far we're doing good today.

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<v Speaker 3>I agree, but I also think that there are certain

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<v Speaker 3>protocols and rules and laws put in place that, for example,

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<v Speaker 3>a president can't just.

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<v Speaker 5>Do everything that they want to do, even if you

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<v Speaker 5>think it's the right thing to do.

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<v Speaker 4>Well, that's not what we're talking about this week. In

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<v Speaker 4>real we're talking about I wanted to what Elon Musk

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<v Speaker 4>is doing with usam.

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<v Speaker 5>And well, would you like to talk about that?

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<v Speaker 4>I do. First of all, the Democrats are screaming, Elizabeth Warren,

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<v Speaker 4>it's a constitutional crisis. What's the buzzword of the day,

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<v Speaker 4>is it?

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<v Speaker 3>Here's the first problem, Elon Musk. He's not an elected

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<v Speaker 3>member of the Trump team. He's a private citizen who's

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<v Speaker 3>directing where the money goes.

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<v Speaker 5>That's I don't put it.

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<v Speaker 3>Imagine it was a democratic president and imagine he had

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<v Speaker 3>a private citizen.

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<v Speaker 5>I don't know whoever that meant.

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<v Speaker 3>Maybe it was a celebrity of some kind telling him

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<v Speaker 3>this is where I think the money should go, this

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<v Speaker 3>is what agencies I think should be cut. That's the

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<v Speaker 3>first problem. Okay, that's number one. He's unelected number but he's.

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<v Speaker 4>Acting on behalf of Trump. Trump is telling me exactlyet

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<v Speaker 4>does should.

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<v Speaker 5>He be seeing this financial information? Does he have the

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<v Speaker 5>security clearance? That's number one. I'm just presenting the issues.

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<v Speaker 5>That's number one.

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<v Speaker 3>Number two, and this is the major issue. Even if

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<v Speaker 3>you're Donald Trump, he is doing things that are arguably unconstitutional.

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<v Speaker 3>He is he is moving funds around and moving things

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<v Speaker 3>around with agencies that is really supposed to be the

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<v Speaker 3>responsibility of Congress, that they're the ones who determine our budget,

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<v Speaker 3>and that he might be violating federal laws in the

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<v Speaker 3>Constitution by what he's doing.

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<v Speaker 5>So somebody could be.

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<v Speaker 4>Like, WHOA, WHOA said anything yet he didn't move anything.

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<v Speaker 4>Yet he's pulling it out, saying what they should get

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<v Speaker 4>rid of, making recommendations. He can't change it.

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<v Speaker 3>Well, the I Trump has on it the idea of

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<v Speaker 3>either getting rid of USAID or moving it to the

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<v Speaker 3>State Department. That's an independent agency, who says he has

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<v Speaker 3>the right to do that.

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<v Speaker 5>This is going to be immediately challenged in court.

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<v Speaker 4>It's an independent he's not saying it can be done.

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<v Speaker 4>This is what he's recommending.

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<v Speaker 3>It doesn't have the authority, and I think it's going

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<v Speaker 3>to be challenged in court and he might lose. Now,

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<v Speaker 3>somebody will say This is so unfair. This is so unfair.

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<v Speaker 3>In hindsight, not he doesn't have the wrong thing. In

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<v Speaker 3>the hindsight, he has the right intentions. He wants to,

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<v Speaker 3>like you said, try to cut expenses. There might be

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<v Speaker 3>things you look at USAID, which by the way, is

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<v Speaker 3>the United States Agency for International Development, and you might say,

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<v Speaker 3>why are they spending money here? Why are they spending

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<v Speaker 3>money here. That's a fair conversation, that's a fair thing

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<v Speaker 3>to have. But the question of how he goes about

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<v Speaker 3>doing it, that's the problems. By the way, it's the

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<v Speaker 3>same thing that happened last week where there was the

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<v Speaker 3>firing of the inspector generals. On one hand, the president

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<v Speaker 3>has the right to do it. On the other hand,

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<v Speaker 3>he didn't quite follow the rules on how to fire

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<v Speaker 3>them in terms of they have a due process rights.

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<v Speaker 3>And somebody could say, ah, due process, schmooth process.

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<v Speaker 5>But he'll go back into place, go.

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<v Speaker 4>Back and do it. Meanwhile, Elon Musk is making recommendation,

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<v Speaker 4>he's bringing out the craziness that's going on. So is

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<v Speaker 4>it or is it not a constitutional crisis? So Foley's

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<v Speaker 4>doing is recommending to the president, what do you think should.

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<v Speaker 3>Be if Elon Musk is doing this and directing this

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<v Speaker 3>and acting on behalf of the president. It could be

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<v Speaker 3>a constitutional crisis. It's the Congress under Article one of

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<v Speaker 3>the Constitution that controls the money. Elon Musk, not the

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<v Speaker 3>President of the United States. There's a law in place

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<v Speaker 3>about you know, president just can't change where the money goes,

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<v Speaker 3>where discretionary spending goes. It's part of Congress.

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<v Speaker 4>We will see, you know. I think the Democrats are crazy.

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<v Speaker 4>Look what they're standing up and fighting.

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<v Speaker 3>So they have to pick their battles. They got to

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<v Speaker 3>pick their battles, right. I think Donald Trump right now

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<v Speaker 3>is trying to go down in history as the best

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<v Speaker 3>president of the United States. I'm not saying he is

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<v Speaker 3>or will be, but what I'm saying is by how

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<v Speaker 3>he's changed, you know, trying to get rid of income tax,

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<v Speaker 3>trying to move on with tariffs, try to end to

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<v Speaker 3>trade war, ending the war in ending the conflict in

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<v Speaker 3>the Middle East, trying to end Ukraine.

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<v Speaker 5>He's trying to do everything. I get it. He's got

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<v Speaker 5>well intentioned.

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<v Speaker 3>How he goes about it and what he says and

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<v Speaker 3>does about it, that's it's important too.

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<v Speaker 4>Okay, did you see Schumi yesterday by the microphone, Win

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<v Speaker 4>win Win.

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<v Speaker 5>Did you see I try to ignore him?

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<v Speaker 4>But now, oh he's embarrassing, and so is that Maxine

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<v Speaker 4>Waters and then Elizabeth Warren. Oh my, thank god, they

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<v Speaker 4>have the hands in the air because they got their

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<v Speaker 4>hands caught in the pork barrel. You know, where were

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<v Speaker 4>their line items? No one looked at them, No one

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<v Speaker 4>looked at them, No one shared where the money was going.

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<v Speaker 4>The committee, now this whole week saw the craziness and

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<v Speaker 4>seeing the waste. They're looking at the nonsense. I got

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<v Speaker 4>to ask a question, you're worried about constitutional crisis? Is

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<v Speaker 4>Elizabeth Warren and your crew there? Where were you? You're

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<v Speaker 4>the elected officials, You're the ones who should be responsible

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<v Speaker 4>for all of this. And those Republicans and those Democrats

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<v Speaker 4>who did take a look, why didn't you object? Was

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<v Speaker 4>it out of fear of reprisal or was it worse?

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<v Speaker 4>You didn't think anything was wrong. It's moronic. And what's

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<v Speaker 4>even moronic these Democrats are doubling down on the country

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<v Speaker 4>when the country voted against all of this nonsense. Have

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<v Speaker 4>they forgotten the shellacking they took their parties and shambles

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<v Speaker 4>Right now? Now, the part of me that is a

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<v Speaker 4>Democrat is embarrassed to support them. They have to wake up.

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<v Speaker 4>Trump is here, Musk is here. They're agents for change,

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<v Speaker 4>and change is happening. I have a different question.

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<v Speaker 5>Well we move that, I guess.

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<v Speaker 3>Then I guess the counter argument to that would be,

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<v Speaker 3>what about the seventy five million people that voted against

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<v Speaker 3>Donald Trump and voted for Kamala Harris. I guess they're

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<v Speaker 3>representing them. They like, we can't sit back, we can't

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<v Speaker 3>stay silent, voted.

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<v Speaker 4>For a transgender opera in Vietnam, or they voted millions

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<v Speaker 4>of dollars in Vietnam to spend on convincing them to

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<v Speaker 4>burn their garbage. This is where we're spending our money.

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<v Speaker 4>How can anybody defend that?

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<v Speaker 2>You can't.

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<v Speaker 3>I'm just I'm just saying. This is why you see

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<v Speaker 3>them jumping up and screaming.

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<v Speaker 4>Yeah, okay, for what reason they're they're they're they're defending

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<v Speaker 4>the ridiculous. You know, I have a problem with charity.

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<v Speaker 4>I hate it. I give money, but I never understand it.

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<v Speaker 4>Why do hospitals need money? Why isn't all the money

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<v Speaker 4>there for hospitals to do what they can to make

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<v Speaker 4>our lives simple to save lives. I never understood why

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<v Speaker 4>a hospital needs money. They should have all the money

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<v Speaker 4>they need. I never understood why our government doesn't support

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<v Speaker 4>veterans they needed to raise money. These people who have

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<v Speaker 4>stood on our behalf and forught wars and got hurt.

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<v Speaker 4>I'll never understand this. It's crazy. Wounded warriors should have

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<v Speaker 4>to put their hands out. They don't have enough money

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<v Speaker 4>to get whatever they need to live a fair life

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<v Speaker 4>after the sacrifices they made. You, politicians, that's the constitutional crisis.

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<v Speaker 4>Veterans and wounded warriors don't have money, but you're sending

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<v Speaker 4>money to Vietnam to tell them to burn the garbage.

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<v Speaker 4>What's going on here? And then, of course there's our

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<v Speaker 4>senior citizens who've lived their lives working, paying taxes, and

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<v Speaker 4>they get older and in their golden years their financial trouble.

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<v Speaker 4>Why not take back all those millions and millions and

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<v Speaker 4>hundreds of millions of dollars in just this one organization

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<v Speaker 4>and spend it on our people. Why are we spending

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<v Speaker 4>it outside the United States? I don't get it. I

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<v Speaker 4>understand no one voted for Elon Musk, but nobody should

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<v Speaker 4>vote for you. You want to scream, we win, we

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<v Speaker 4>win that this that. Why don't you just do the

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<v Speaker 4>right thing. Why don't you save the money and let

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<v Speaker 4>it work for you. Why don't you do the right

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<v Speaker 4>thing to bring back the money to help our own people.

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<v Speaker 4>Some common sense is in order. Some common sense is

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<v Speaker 4>about taking care of each other.

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<v Speaker 5>By the way.

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<v Speaker 3>I don't know if you saw this on Dan Dan

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<v Speaker 3>Abrams Dan's News Nation show. He had on a guy

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<v Speaker 3>who has made money starting this X account. It's I

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<v Speaker 3>think it's called the Nancy Pelosi stock tracker. I might

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<v Speaker 3>be misnouncing it. But what they do is they track

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<v Speaker 3>what stock she's buying, and they buy it.

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<v Speaker 5>And they're getting rich.

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<v Speaker 3>Off of it because they're like, how does she making

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<v Speaker 3>so much money on it? So they're just following her,

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<v Speaker 3>following what she does. It's actually hysterical.

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<v Speaker 4>I'm sure it's not inside of trading. I mean, heaven forbid.

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<v Speaker 4>There was a time. I don't know what the laura

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<v Speaker 4>is if there was a time that Congress was voted

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<v Speaker 4>that they couldn't trade any longer, and now I think

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<v Speaker 4>it disappeared. I don't know what happened. I don't know

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<v Speaker 4>enough about it. Yeah, what do I know? You know,

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<v Speaker 4>I'm not really qualified to talk about this stuff. It's logic,

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<v Speaker 4>it's common sense, it's business. Take care of your own.

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<v Speaker 4>Take a break. We'll be back in a minute.

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<v Speaker 2>Always in fashion.

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<v Speaker 4>I spent a lifetime of my career building the van

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<v Speaker 4>Usen brand, and I am so pleased that they're back

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<v Speaker 4>with us now talking about suits. Men were dressing up again,

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<v Speaker 4>and it's become cool to wear a suit. Suits can

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<v Speaker 4>be one of multiplicasions in multiple ways. You could wear

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<v Speaker 4>a suit formally to go out at night or to

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<v Speaker 4>an event. You wear a suit to the office with

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<v Speaker 4>or without a tie. If you look closely, now fashion trends,

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<v Speaker 4>suits are being worn with turtlenecks or mack next. The

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<v Speaker 4>choices are endless, and every one of them looks right.

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<v Speaker 4>You could really really look the part. I believe that

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<v Speaker 4>packaging yourself is as important does the products you package,

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<v Speaker 4>and wearing a suit is one of those things that

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<v Speaker 4>make men look their best. Venues In invented a new idea.

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<v Speaker 4>It's called the cool flex suit. It's been engineered with

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<v Speaker 4>stretched technology, giving you the most comfortable fit and mobility.

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<v Speaker 4>Its wrinkle resistant fabric, it's cool moisture WICKI it makes

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<v Speaker 4>it perfect for all occasions. As we discussed just now,

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<v Speaker 4>this new style of looking sharp while feeling cool and

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<v Speaker 4>comfortable is amazing, and I'm so excited that the ven

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<v Speaker 4>Using company is involved in this new technology and embracing

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<v Speaker 4>the whole idea of dressing up. Let's not forget van

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<v Speaker 4>Usen made it's name with dress shirts. It's only proper

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<v Speaker 4>that the suit business follows strongly in its way. You

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<v Speaker 4>can find van Using Koolflex Men's stretch suits at jcpenny

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<v Speaker 4>are online at jcpenny dot com. Guys, they're great. You

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<v Speaker 4>should go look at them.

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<v Speaker 1>Welcome back to it always in fashion. Here's your host,

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<v Speaker 1>Mark Webber.

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<v Speaker 4>Tonight's show is Make Love Not War. My intention tonight

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<v Speaker 4>was to talk about China, and I will in a moment,

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<v Speaker 4>I will. So many things are going on in the government.

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<v Speaker 4>President just began. He's in in three weeks. He's making

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<v Speaker 4>massive changes. Pretty much everything he's doing makes incredible sense.

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<v Speaker 4>And the Democrats are back at it.

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<v Speaker 2>All.

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<v Speaker 4>The hate is coming out, everything is being criticized. It's

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<v Speaker 4>like nothing ever happened. It's like there was no election.

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<v Speaker 4>There's not even a minute that they won't take a

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<v Speaker 4>pranknon pause and set to themselves. Maybe what he's doing

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<v Speaker 4>makes sense. Maybe now I want to talk about China

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<v Speaker 4>because of the trade war where it's going. I have

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<v Speaker 4>uniquely qualified position on China. I am uniquely qualified to

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<v Speaker 4>talk about China. I was in China a lot of times,

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<v Speaker 4>growing up in this industry. Active matter of fact, I

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<v Speaker 4>was always referred to by the Chinese in Beijing as

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<v Speaker 4>a friend to China. I don't think it's written anywhere.

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<v Speaker 4>It was a long time ago. The concept is a

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<v Speaker 4>friend in need is a friend. Indeed, I was a

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<v Speaker 4>friend who helped at a difficult time to and then

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<v Speaker 4>our friends in China. I helped and they helped us.

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<v Speaker 4>My first trip to China was in the early eighties,

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<v Speaker 4>at a time when China was reopening to the West.

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<v Speaker 4>Most of you were too young to remember. Hey, I

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<v Speaker 4>was too young to remember. Now let me give you

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<v Speaker 4>a moment of backdrop for those of you who don't

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<v Speaker 4>understand the history of China, which is thousands of years old.

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<v Speaker 4>But let's go back to nineteen forty nine Chairman Mao

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<v Speaker 4>Mount Saint Tung. He believed that to the west Europe,

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<v Speaker 4>the West the United States were harmful to his culture.

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<v Speaker 4>He believed we were ruining China and he didn't want

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<v Speaker 4>anything to do with it. He embarked upon a principle.

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<v Speaker 4>They called it Maoism officially Mount Saint Dung thought it

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<v Speaker 4>was a variety of Marxism Leninism, and he developed it

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<v Speaker 4>while trying to realize a social revolution and it was

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<v Speaker 4>pre industrial society of the People's Republic of China. How he,

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<v Speaker 4>Mao was considered one of the most significant figures of

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<v Speaker 4>the twentieth century. His politics and his policy were responsible

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<v Speaker 4>for a lot of maybe deaths since starvation and persecution,

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<v Speaker 4>but he had a point of view and he had

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<v Speaker 4>a vision for the country. During this time, when he

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<v Speaker 4>started to try and take China to a different place,

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<v Speaker 4>there was equivalent of a civil war. There was the

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<v Speaker 4>General Chiang Khai Schech one of the leading politicians, was

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<v Speaker 4>pushed out of China. He went to Formosa, which eventually

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<v Speaker 4>became Taiwan. It started a new Chinese government called the

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<v Speaker 4>Republic of China. And to this day, the history seventy

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<v Speaker 4>years later is about who owns China? Does the PRIFC

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<v Speaker 4>owned Taiwan? And it's a problem. But back in nineteen

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<v Speaker 4>forty nine when Mao made a decision to close his

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<v Speaker 4>doors to the West. And when I say closed, no contact,

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<v Speaker 4>no commerce, no dialogue, no visitors. He closed China. He

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<v Speaker 4>felt the Commers party felt that the West was polluting

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<v Speaker 4>and they wanted nothing to do with us. As this

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<v Speaker 4>went on for fifty years, there was no direct contact

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<v Speaker 4>with China, between our government and their government, perhaps behind

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<v Speaker 4>the scenes. Nineteen seventy two, then President Nixon, in his

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<v Speaker 4>Secretary of State Henry Kinchin Henry Kissinger visited China and

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<v Speaker 4>they agreed to open up the West. China agreed to

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<v Speaker 4>lift the veil over their country and re engage with

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<v Speaker 4>the West. It was a feel out process. It was

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<v Speaker 4>amazing process. It happened relatively quickly, and for the first

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<v Speaker 4>time in fifty years, China had relations with the United States.

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<v Speaker 4>And it was a remarkable time. Could you imagine in

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<v Speaker 4>China never having in business relations other than cordial relations

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<v Speaker 4>or diplomatic channels, And now it's open. My first trip,

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<v Speaker 4>as I said to you, I went in the early

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<v Speaker 4>days in the early eighties, and it was amazing. I'll

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<v Speaker 4>never forget. I swear to you this is true. My

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<v Speaker 4>first trip to Shanghai when I got out of the

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<v Speaker 4>hall my first trip to Shanghai. When I left the hotel,

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<v Speaker 4>people swarmed around me. They were looking at me. They

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<v Speaker 4>never saw a Western person, they never saw one of us,

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<v Speaker 4>They'd only seen their own. They swarmed. They literally stought,

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<v Speaker 4>and they're gaalking and looking, and some of the most

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<v Speaker 4>adventurous actually touched me. They wondered to see if I

421
00:22:05.880 --> 00:22:11.240
<v Speaker 4>was real. That's how far it had been my first recollection.

422
00:22:11.359 --> 00:22:13.240
<v Speaker 4>When I saw I was waiting to get picked up

423
00:22:13.240 --> 00:22:16.200
<v Speaker 4>in a car, and the car looked like something out

424
00:22:16.240 --> 00:22:19.640
<v Speaker 4>of the fifties. And all the cars in China, including

425
00:22:19.640 --> 00:22:22.400
<v Speaker 4>the black Flag limo which I would travel around in,

426
00:22:22.839 --> 00:22:25.640
<v Speaker 4>were cars from the fifties. And I asked the head

427
00:22:25.640 --> 00:22:28.240
<v Speaker 4>of our Hong Kong office, who's my translator and companion

428
00:22:28.279 --> 00:22:30.319
<v Speaker 4>on the trip? I said, what's going on here? Why

429
00:22:30.400 --> 00:22:33.119
<v Speaker 4>will these cars look like this? And they said, China

430
00:22:33.279 --> 00:22:37.000
<v Speaker 4>only had the plans for making automobiles from the forties

431
00:22:37.039 --> 00:22:39.920
<v Speaker 4>and fifties. They closed the door and that's why nobody

432
00:22:39.920 --> 00:22:43.000
<v Speaker 4>could see it. And yet here they were changing the

433
00:22:43.079 --> 00:22:48.160
<v Speaker 4>world forever. They wanted to switch from an agrarian population

434
00:22:48.599 --> 00:22:52.240
<v Speaker 4>to an industrialized population, get in manufacturing and export all

435
00:22:52.279 --> 00:22:55.400
<v Speaker 4>around the world, and companies like the ones I worked

436
00:22:55.400 --> 00:22:57.519
<v Speaker 4>for PVH were one of the ones that was going

437
00:22:57.599 --> 00:22:59.759
<v Speaker 4>to help that happen. I was part of a wave

438
00:22:59.759 --> 00:23:03.880
<v Speaker 4>of American businessmen and women on the front line of

439
00:23:04.000 --> 00:23:08.119
<v Speaker 4>opening up this channel. I remember driving in that car

440
00:23:09.279 --> 00:23:11.680
<v Speaker 4>down the main thoroughfare. I forgot what it was called.

441
00:23:11.720 --> 00:23:14.279
<v Speaker 4>Don't hold me to it. It was old dust. It

442
00:23:14.440 --> 00:23:19.880
<v Speaker 4>wasn't really paid, and there was street sweepers and the

443
00:23:19.960 --> 00:23:23.240
<v Speaker 4>dust was overwhelming. They couldn't keep up with it. They

444
00:23:23.279 --> 00:23:26.839
<v Speaker 4>picture of rural land with not really great roads and

445
00:23:26.920 --> 00:23:29.440
<v Speaker 4>the wind, and it was crazy. And I kept saying

446
00:23:29.440 --> 00:23:33.920
<v Speaker 4>to myself, how this this country? I knew it was

447
00:23:33.920 --> 00:23:36.559
<v Speaker 4>a concress country. How did this country decide that that

448
00:23:36.599 --> 00:23:41.160
<v Speaker 4>particular person, male or female, would be street sweepers versus

449
00:23:41.200 --> 00:23:43.480
<v Speaker 4>the people I was soon to meet in the offices.

450
00:23:43.920 --> 00:23:46.680
<v Speaker 4>And I always wondered about that. When I got to

451
00:23:46.799 --> 00:23:49.319
<v Speaker 4>China my first trip, there were not a lot of hotels.

452
00:23:49.559 --> 00:23:51.799
<v Speaker 4>There were no hotels. They were just starting to open.

453
00:23:52.279 --> 00:23:55.440
<v Speaker 4>I am paid the famous Chinese architect built the first

454
00:23:56.359 --> 00:23:58.799
<v Speaker 4>modern hotel in Beijing, and that's where I stayed the

455
00:23:58.839 --> 00:24:01.240
<v Speaker 4>first time I was there. The next time I went

456
00:24:01.279 --> 00:24:05.880
<v Speaker 4>back there, were enough rooms. They actually started asking people,

457
00:24:06.160 --> 00:24:08.200
<v Speaker 4>now that's a kind word, to move out of their

458
00:24:08.200 --> 00:24:11.920
<v Speaker 4>homes in the large department buildings that had been built

459
00:24:12.039 --> 00:24:16.880
<v Speaker 4>and make room for American or European business people places

460
00:24:16.880 --> 00:24:20.240
<v Speaker 4>for them to stay until they had hotels. I personally

461
00:24:20.240 --> 00:24:22.279
<v Speaker 4>and many people in my company had traveled to China

462
00:24:22.279 --> 00:24:25.319
<v Speaker 4>at that time. I actually slept in the suite that

463
00:24:25.440 --> 00:24:29.240
<v Speaker 4>Richard Nixon slept in when he opened up China was

464
00:24:29.279 --> 00:24:34.359
<v Speaker 4>fascinating looking at the people. They all wore uniforms. They

465
00:24:34.359 --> 00:24:38.680
<v Speaker 4>were called mouse suits. They came in three colors, army green,

466
00:24:39.519 --> 00:24:44.200
<v Speaker 4>navy blue, and industrial gray, and they only had two sizes,

467
00:24:44.319 --> 00:24:49.400
<v Speaker 4>too large and too small. It was fascinating. They had

468
00:24:49.559 --> 00:24:54.200
<v Speaker 4>absolutely no interest in fashion. What they were great at

469
00:24:54.359 --> 00:24:58.279
<v Speaker 4>was banquet dinners. One of my favorite stories, Jesse, you

470
00:24:58.279 --> 00:24:59.000
<v Speaker 4>were in Hong Kong.

471
00:25:00.119 --> 00:25:05.039
<v Speaker 3>No backward, Oh, very modern, very very modern, state of

472
00:25:05.039 --> 00:25:08.519
<v Speaker 3>the art, top electronics, top restaurant's, top cars.

473
00:25:09.039 --> 00:25:12.000
<v Speaker 5>It's not it was. It was very it was.

474
00:25:12.400 --> 00:25:16.960
<v Speaker 3>I mean what it was was basically the Asian version

475
00:25:17.000 --> 00:25:17.880
<v Speaker 3>of New York City.

476
00:25:17.920 --> 00:25:19.200
<v Speaker 5>That's what it was. In my view.

477
00:25:19.240 --> 00:25:21.960
<v Speaker 3>I thought it was incredible. It was the only place

478
00:25:22.000 --> 00:25:23.799
<v Speaker 3>I think that would probably compare and I haven't been.

479
00:25:23.839 --> 00:25:26.880
<v Speaker 3>You would probably know better than me. Is Shanghai, right,

480
00:25:27.000 --> 00:25:28.559
<v Speaker 3>Shanghai's probably similar to that.

481
00:25:29.759 --> 00:25:33.160
<v Speaker 4>Oh, Shanghai is way more advanced than New York City. Look,

482
00:25:33.400 --> 00:25:36.160
<v Speaker 4>let's face it, China has been building this country for

483
00:25:36.160 --> 00:25:39.079
<v Speaker 4>the last twenty or thirty years from scratch, so everything

484
00:25:39.119 --> 00:25:41.960
<v Speaker 4>they have is modern. Everything they've done is latest technology.

485
00:25:41.960 --> 00:25:44.599
<v Speaker 4>It's brilliant. But when I'm talking about it, I was there.

486
00:25:44.680 --> 00:25:49.359
<v Speaker 4>It was bizarre. It just was like going to in

487
00:25:49.359 --> 00:25:52.759
<v Speaker 4>the middle of our country where nobody has developed it yet,

488
00:25:52.759 --> 00:25:56.319
<v Speaker 4>and start putting up homes. Most of the transportation was

489
00:25:56.359 --> 00:26:00.480
<v Speaker 4>on motorbikes. You would see guy delivering one hundred hertens

490
00:26:00.519 --> 00:26:03.720
<v Speaker 4>on the back of a motorbike. You see families, mother, father,

491
00:26:03.839 --> 00:26:07.039
<v Speaker 4>three children on a motorbike. That was their means of transportation.

492
00:26:07.119 --> 00:26:09.000
<v Speaker 4>It wasn't just in China and Taiwan and Korea. It

493
00:26:09.039 --> 00:26:11.640
<v Speaker 4>was often the same. I'll never forget. One of the

494
00:26:11.680 --> 00:26:15.559
<v Speaker 4>most fascinating times I ever had was back in Maxims.

495
00:26:15.640 --> 00:26:20.119
<v Speaker 4>Maxims was a famous famous restaurant built by pr Pia,

496
00:26:20.359 --> 00:26:24.599
<v Speaker 4>built by Pierre Cardan in Paris, and someone opened up

497
00:26:24.599 --> 00:26:27.720
<v Speaker 4>a license, or Pierre Canadena himself decided to build one

498
00:26:27.759 --> 00:26:32.599
<v Speaker 4>in China. Now I'm in this place where it's just

499
00:26:33.640 --> 00:26:36.839
<v Speaker 4>it's just at the beginning of the Industrial Revolution, and

500
00:26:36.880 --> 00:26:40.880
<v Speaker 4>in the middle of the city there's this incredible restaurant

501
00:26:41.160 --> 00:26:45.640
<v Speaker 4>from Paris called Maxims. What they did is every single door, wall,

502
00:26:46.119 --> 00:26:51.440
<v Speaker 4>table chairs were imported and rebuilt to resemble Maxines in

503
00:26:51.480 --> 00:26:55.839
<v Speaker 4>Paris identically in China. All the waiters, all the people

504
00:26:55.880 --> 00:26:59.799
<v Speaker 4>working there were dressed in tails and tuxedos. They looked

505
00:27:00.319 --> 00:27:04.240
<v Speaker 4>they looked elegant. But before this they were working in fields.

506
00:27:04.759 --> 00:27:07.119
<v Speaker 4>So their ability to get the restaurant running the way

507
00:27:07.119 --> 00:27:09.640
<v Speaker 4>they wanted to was when we were there, still a

508
00:27:09.680 --> 00:27:12.559
<v Speaker 4>work in progress. My favorite of all when it came

509
00:27:12.640 --> 00:27:16.279
<v Speaker 4>to ordering drinks, I ordered a club soda or a

510
00:27:16.279 --> 00:27:18.400
<v Speaker 4>coke or diet coke. At the time, I used to

511
00:27:18.440 --> 00:27:21.279
<v Speaker 4>drink beer because I was afraid of taking ice, so

512
00:27:21.319 --> 00:27:23.359
<v Speaker 4>I drank a lot of beer in those days. Jesse,

513
00:27:23.359 --> 00:27:24.519
<v Speaker 4>you ever known me to drink beer?

514
00:27:25.240 --> 00:27:25.799
<v Speaker 5>Who is this?

515
00:27:26.000 --> 00:27:28.160
<v Speaker 3>I have never heard seen you drink beer. The only

516
00:27:28.160 --> 00:27:32.720
<v Speaker 3>thing I've ever seen you drink is zambuca. The thing

517
00:27:32.720 --> 00:27:34.400
<v Speaker 3>with a little is it like a raisin or a

518
00:27:34.400 --> 00:27:35.759
<v Speaker 3>fly in it? I don't know what it is, but

519
00:27:35.839 --> 00:27:36.440
<v Speaker 3>used to drink it.

520
00:27:36.559 --> 00:27:40.759
<v Speaker 4>No, it's actually coffee beans, so liquor with coffee beans,

521
00:27:40.759 --> 00:27:43.920
<v Speaker 4>an Italian thing. It's delicious. I love it. I have

522
00:27:43.960 --> 00:27:45.920
<v Speaker 4>a bottle in the house, I just don't have a

523
00:27:45.920 --> 00:27:48.279
<v Speaker 4>clue and I even have opened it. But here I

524
00:27:48.359 --> 00:27:51.400
<v Speaker 4>am drinking beer and one of our friends from Hong

525
00:27:51.519 --> 00:27:55.839
<v Speaker 4>Kong orders tea. Now we're in China. Tea in China,

526
00:27:55.920 --> 00:27:58.359
<v Speaker 4>you know it's that thing. Now, there were two types

527
00:27:58.400 --> 00:28:01.519
<v Speaker 4>of tea in the world. In China, when you ordered tea,

528
00:28:01.519 --> 00:28:04.200
<v Speaker 4>you got tea leaves and they poured water over the

529
00:28:04.240 --> 00:28:06.400
<v Speaker 4>tea leaves and what was underneath it was your tea.

530
00:28:06.440 --> 00:28:08.200
<v Speaker 4>And w they served your tea, it had the tea

531
00:28:08.240 --> 00:28:10.200
<v Speaker 4>leaves in it, so the tea leaves would get in

532
00:28:10.200 --> 00:28:12.480
<v Speaker 4>your mouth or you know, you'd have to sip it differently.

533
00:28:12.799 --> 00:28:15.599
<v Speaker 4>So guy orders tea, and there's all kinds of debates

534
00:28:15.640 --> 00:28:19.240
<v Speaker 4>going on in China. What's going on in the restaurant.

535
00:28:19.319 --> 00:28:22.039
<v Speaker 4>Finally the matre d of the restaurant comes in and says,

536
00:28:22.160 --> 00:28:26.480
<v Speaker 4>we have no tea. So my guy says them, what

537
00:28:26.480 --> 00:28:28.839
<v Speaker 4>do you mean no tea? This is China. He says,

538
00:28:28.839 --> 00:28:32.480
<v Speaker 4>we have no tea. What they didn't have with tea bags,

539
00:28:32.519 --> 00:28:34.920
<v Speaker 4>and therefore they wouldn't serve the tea in maxims the

540
00:28:35.000 --> 00:28:37.160
<v Speaker 4>Chinese way. So can you imagine going all the way

541
00:28:37.160 --> 00:28:40.039
<v Speaker 4>to China and find out no tea in China. My

542
00:28:40.200 --> 00:28:42.839
<v Speaker 4>favorite thing with drinking. Do you ever hear a maltai Jesse?

543
00:28:43.000 --> 00:28:44.440
<v Speaker 4>Did you have it when you were in Hong Kong?

544
00:28:45.000 --> 00:28:46.240
<v Speaker 5>What's maltai now?

545
00:28:46.640 --> 00:28:49.920
<v Speaker 4>Uh? Well, in my day was the national drink of China.

546
00:28:50.720 --> 00:28:54.599
<v Speaker 4>It's a rice wine and it comes in what looks

547
00:28:54.680 --> 00:28:59.160
<v Speaker 4>like a porcelain chanitor and drum, you know, like an

548
00:28:59.200 --> 00:29:03.319
<v Speaker 4>industrial drum. They leave oil in all those movies in

549
00:29:03.319 --> 00:29:05.119
<v Speaker 4>the United States and the Kill Guy they put him

550
00:29:05.119 --> 00:29:07.000
<v Speaker 4>in a drum. That's what it looked like. It was

551
00:29:07.079 --> 00:29:10.839
<v Speaker 4>white porcelain drunk. If you opened up the cap, the

552
00:29:11.079 --> 00:29:14.599
<v Speaker 4>entire room would smell. It was the most potent thing

553
00:29:14.720 --> 00:29:20.640
<v Speaker 4>in the world. You couldn't drink a tablespoon without getting drunk. Unbelievable.

554
00:29:21.440 --> 00:29:24.680
<v Speaker 4>We used to have designated drinkers because these guys in China,

555
00:29:24.720 --> 00:29:28.279
<v Speaker 4>they were used to going out in parties, taking people out, entertaining.

556
00:29:28.519 --> 00:29:30.519
<v Speaker 4>They seemed to be able to drink this stuff. Either

557
00:29:30.559 --> 00:29:32.400
<v Speaker 4>that or they were pouring it on the floor and

558
00:29:32.440 --> 00:29:35.480
<v Speaker 4>faking us all out. We used to name designated drinkers,

559
00:29:35.480 --> 00:29:38.319
<v Speaker 4>and I can't tell you how many people I carried

560
00:29:38.319 --> 00:29:41.279
<v Speaker 4>out and my associates carried out on nights with the

561
00:29:41.359 --> 00:29:44.440
<v Speaker 4>Chinese and drinking dinner. It was an amazing point of view.

562
00:29:44.519 --> 00:29:46.720
<v Speaker 4>Fortunately for me, I wasn't drinker and I never had

563
00:29:46.720 --> 00:29:50.519
<v Speaker 4>to be a designated drinker. But it really it gave

564
00:29:50.599 --> 00:29:54.799
<v Speaker 4>us camaraderie and the business was friendly when we showed

565
00:29:54.880 --> 00:29:58.160
<v Speaker 4>up the next day to work. Now, as I said before,

566
00:29:58.359 --> 00:30:00.759
<v Speaker 4>I had always been a friend to China. I was

567
00:30:00.839 --> 00:30:03.599
<v Speaker 4>part of the first exploratory group from the company Phillips

568
00:30:03.720 --> 00:30:06.640
<v Speaker 4>Venues and who ventured into China early in the Nixon

569
00:30:06.799 --> 00:30:09.799
<v Speaker 4>opening it up, and we went to Beijing to establish

570
00:30:09.880 --> 00:30:12.480
<v Speaker 4>relations in or pushed a test order and a shirt

571
00:30:12.519 --> 00:30:15.759
<v Speaker 4>factory in Beijing. Now I happened not to be there

572
00:30:15.799 --> 00:30:18.480
<v Speaker 4>on the first trip. The CEO of my company went there,

573
00:30:18.720 --> 00:30:21.799
<v Speaker 4>did all a routine and was given an opportunity to

574
00:30:21.839 --> 00:30:25.799
<v Speaker 4>buy ten thousand dozen dress shirts in China. Now, the

575
00:30:25.839 --> 00:30:31.400
<v Speaker 4>problem was China didn't know how to make our shirts. Now,

576
00:30:31.440 --> 00:30:34.559
<v Speaker 4>don't get me wrong, China has a billion people and

577
00:30:34.680 --> 00:30:36.960
<v Speaker 4>under those mouth suits they're wearing shirts. So they know

578
00:30:37.039 --> 00:30:40.480
<v Speaker 4>how to make shirts, but they weren't familiar with the

579
00:30:40.519 --> 00:30:45.519
<v Speaker 4>international standards. The amount of stitches parents, the amount of buttonholes,

580
00:30:46.079 --> 00:30:49.240
<v Speaker 4>the kinds of collars we needed, the way the seams

581
00:30:49.279 --> 00:30:52.359
<v Speaker 4>down the armhole would be, the fits. They weren't familiar

582
00:30:52.400 --> 00:30:54.799
<v Speaker 4>with any of that, and they needed to learn. They

583
00:30:54.799 --> 00:30:57.720
<v Speaker 4>also needed to learn about dye stuffs. What a dye

584
00:30:57.720 --> 00:31:01.640
<v Speaker 4>stuff the chemicals that are used to dye fabric that

585
00:31:02.039 --> 00:31:06.440
<v Speaker 4>usually comes in white color that needs to be dyed

586
00:31:06.480 --> 00:31:09.200
<v Speaker 4>into colors. And the best way I think any of

587
00:31:09.240 --> 00:31:11.519
<v Speaker 4>you out there would recognize it. You ever see or

588
00:31:11.519 --> 00:31:13.960
<v Speaker 4>hear stories about somebody wearing a red shirt or red

589
00:31:14.000 --> 00:31:15.759
<v Speaker 4>pair of pants and they sit down on a white

590
00:31:15.839 --> 00:31:19.200
<v Speaker 4>couch and ruin it because the dye comes up. China

591
00:31:19.359 --> 00:31:22.119
<v Speaker 4>didn't know how to make dye stuffs that would not

592
00:31:23.319 --> 00:31:26.680
<v Speaker 4>excrete color. They also were making a lot of their

593
00:31:26.680 --> 00:31:29.279
<v Speaker 4>products with lead, and in the United States we learned

594
00:31:29.279 --> 00:31:31.839
<v Speaker 4>that lead could course cancer. We didn't wanted that, so

595
00:31:31.960 --> 00:31:34.480
<v Speaker 4>when we went to China, the first ten thousand dozen

596
00:31:34.519 --> 00:31:37.119
<v Speaker 4>were made in white only. We didn't want to put

597
00:31:37.160 --> 00:31:39.279
<v Speaker 4>our own label in them because we were afraid of

598
00:31:39.319 --> 00:31:41.559
<v Speaker 4>the quality, and the idea would be we'd import them

599
00:31:41.599 --> 00:31:44.640
<v Speaker 4>back into the United States, and if the quality wasn't right,

600
00:31:44.720 --> 00:31:47.240
<v Speaker 4>we'd either sell them an off price to one of

601
00:31:47.240 --> 00:31:51.559
<v Speaker 4>the retails at a crazy price, but not the venuesing label.

602
00:31:51.599 --> 00:31:54.160
<v Speaker 4>We would put the retailer's name in. Whoever that retailer

603
00:31:54.200 --> 00:31:57.759
<v Speaker 4>may be. We called heat ceiling. You take a label

604
00:31:57.799 --> 00:32:00.240
<v Speaker 4>with glue on it, you apply heat and pressure and

605
00:32:00.279 --> 00:32:03.480
<v Speaker 4>it would permanently affix the label inside the collar of

606
00:32:03.519 --> 00:32:06.599
<v Speaker 4>your shirt. The ten thousand shirts came in, the quality

607
00:32:06.680 --> 00:32:08.720
<v Speaker 4>was okay. We didn't put the venues and name. We

608
00:32:08.799 --> 00:32:11.400
<v Speaker 4>put a private label in, sold it to I don't recall,

609
00:32:11.480 --> 00:32:13.960
<v Speaker 4>TJ Max and A Joder. I came in the next time,

610
00:32:14.640 --> 00:32:16.799
<v Speaker 4>and the next time I came was time we were

611
00:32:16.839 --> 00:32:19.480
<v Speaker 4>going to give them the right to make venues and

612
00:32:19.519 --> 00:32:22.240
<v Speaker 4>treach shirts. They were on it. They were thrilled. We

613
00:32:22.240 --> 00:32:25.960
<v Speaker 4>were excited. So I get to China, and in those days,

614
00:32:26.000 --> 00:32:28.279
<v Speaker 4>the head office, the head of the government was in Beijing.

615
00:32:28.440 --> 00:32:31.559
<v Speaker 4>I guess it still is. The way it would work

616
00:32:31.759 --> 00:32:36.039
<v Speaker 4>is we would make manufacture agreements in China with the

617
00:32:36.119 --> 00:32:40.799
<v Speaker 4>idea that they'd give us great prices. You just texted me, Jesse.

618
00:32:41.160 --> 00:32:43.759
<v Speaker 3>Yeah, it's fine, you can ignore it, Okay, I mean

619
00:32:43.759 --> 00:32:45.000
<v Speaker 3>look at it later, look at it later.

620
00:32:45.240 --> 00:32:49.920
<v Speaker 4>Okay, we were going to make manufacture agreements in China

621
00:32:50.079 --> 00:32:53.160
<v Speaker 4>and develop the quality that were required for them to

622
00:32:53.200 --> 00:32:55.799
<v Speaker 4>import shirts into the United States and for that matter,

623
00:32:55.839 --> 00:33:01.039
<v Speaker 4>around the world. So let me just see. The good

624
00:33:01.160 --> 00:33:06.000
<v Speaker 4>news is that China knew they needed to learn. They

625
00:33:06.079 --> 00:33:09.000
<v Speaker 4>wanted to become industrialized, they wanted to grow, and they

626
00:33:09.000 --> 00:33:11.960
<v Speaker 4>wanted to learn the right way. They wanted to be

627
00:33:12.079 --> 00:33:15.680
<v Speaker 4>international exporters, and a company like ours that had the

628
00:33:15.720 --> 00:33:19.240
<v Speaker 4>technical know how was more than welcome in China. We

629
00:33:19.240 --> 00:33:22.920
<v Speaker 4>were treated. I can't tell you how nicely they opened

630
00:33:22.920 --> 00:33:25.400
<v Speaker 4>their doors to us, and they made us feel welcome

631
00:33:26.160 --> 00:33:31.240
<v Speaker 4>because actually we're about to teach them. Interesting enough, let

632
00:33:31.279 --> 00:33:33.160
<v Speaker 4>me go into this for my memory for a second.

633
00:33:33.920 --> 00:33:36.119
<v Speaker 4>We were making shirts in the United States, call it

634
00:33:36.160 --> 00:33:38.799
<v Speaker 4>a white dress shirt based out of broadcloth. The price

635
00:33:38.920 --> 00:33:41.279
<v Speaker 4>was probably around one hundred and twenty dollars a dozen

636
00:33:41.720 --> 00:33:44.519
<v Speaker 4>to make those shirts. We also at that point were

637
00:33:44.519 --> 00:33:49.079
<v Speaker 4>importing from Korea at ninety dollars a dozen. We arrived

638
00:33:49.119 --> 00:33:52.519
<v Speaker 4>in China and after explaining what our requirements were, what

639
00:33:52.559 --> 00:33:55.880
<v Speaker 4>the quantities we needed, what the stitching we needed, the details,

640
00:33:56.079 --> 00:33:59.400
<v Speaker 4>all the technical know how, China offers us a price

641
00:33:59.559 --> 00:34:04.920
<v Speaker 4>of thirty six dollars a dozen. Think about that, one

642
00:34:05.079 --> 00:34:07.640
<v Speaker 4>twenty a dozen from US ninet different creator. They offered

643
00:34:07.680 --> 00:34:11.480
<v Speaker 4>us thirty six dollars a dozen without any negotiation. This

644
00:34:11.559 --> 00:34:15.760
<v Speaker 4>is a mind blower. And all the effort, all the time,

645
00:34:15.800 --> 00:34:18.360
<v Speaker 4>we took, all the political trips, all the handshake, all

646
00:34:18.360 --> 00:34:21.800
<v Speaker 4>the bowing, all the engineers, the test order, the technicians,

647
00:34:21.800 --> 00:34:25.679
<v Speaker 4>the marketing people, all the designers. We came to China

648
00:34:25.760 --> 00:34:28.800
<v Speaker 4>to teach them how to make shirts, and the nature

649
00:34:28.840 --> 00:34:31.360
<v Speaker 4>of our relationship is we would get prices and in

650
00:34:31.400 --> 00:34:35.280
<v Speaker 4>turn the engineering know how. We supplied them, including a

651
00:34:35.320 --> 00:34:37.639
<v Speaker 4>market in the United States, with a label that was

652
00:34:37.679 --> 00:34:42.199
<v Speaker 4>considered prestigioes around the world. We gave them the opportunity

653
00:34:42.280 --> 00:34:44.960
<v Speaker 4>to put their label made in China in our shirts.

654
00:34:45.559 --> 00:34:48.400
<v Speaker 4>They're very proud to have these labels. They were very

655
00:34:48.400 --> 00:34:51.000
<v Speaker 4>proud to ship products into the United States. When they did,

656
00:34:51.159 --> 00:34:54.119
<v Speaker 4>they set a whole team of their delegation to walk

657
00:34:54.159 --> 00:34:56.719
<v Speaker 4>in the stores and see Maide in China, in Macy's

658
00:34:56.760 --> 00:34:59.039
<v Speaker 4>or wherever we were shipping it. I'll never forget my

659
00:34:59.119 --> 00:35:01.360
<v Speaker 4>first trip on men In fact, before I go there, though,

660
00:35:01.440 --> 00:35:03.800
<v Speaker 4>I should talk about how you do business at the

661
00:35:03.840 --> 00:35:05.800
<v Speaker 4>rest of the world and compare it to the companies

662
00:35:06.079 --> 00:35:09.559
<v Speaker 4>and the offices who we are in Korea. And by

663
00:35:09.599 --> 00:35:12.760
<v Speaker 4>the way, anybody says we China stole our technology is

664
00:35:12.880 --> 00:35:16.519
<v Speaker 4>not true. We gave it to them gladly in turn

665
00:35:16.800 --> 00:35:19.760
<v Speaker 4>for something we thought was important. Now let's get back

666
00:35:19.800 --> 00:35:22.079
<v Speaker 4>to it. If you would go to Taiwan, to Chahar

667
00:35:22.239 --> 00:35:24.719
<v Speaker 4>or tap in Hong Kong, work with business owners and

668
00:35:24.760 --> 00:35:27.280
<v Speaker 4>companies that wanted to sell your product didn't work the

669
00:35:27.280 --> 00:35:29.639
<v Speaker 4>way it didn't China. In China, you had to go

670
00:35:29.639 --> 00:35:32.199
<v Speaker 4>to a political office, the head of the political office

671
00:35:32.400 --> 00:35:35.159
<v Speaker 4>in Beijing. I'd missed admit when I was there. In

672
00:35:35.199 --> 00:35:38.320
<v Speaker 4>Beijing it was called peaking. They didn't change their name

673
00:35:38.360 --> 00:35:41.039
<v Speaker 4>back to the traditional in China to very few to

674
00:35:41.119 --> 00:35:44.639
<v Speaker 4>a number of years later. Anyway, we met someone from

675
00:35:44.639 --> 00:35:46.880
<v Speaker 4>the head office, we sat down and they would tell

676
00:35:46.960 --> 00:35:49.800
<v Speaker 4>us you're going to make your shirts in Beijing factory

677
00:35:49.880 --> 00:35:52.360
<v Speaker 4>number one. If we'd ask why number one, you wouldn't

678
00:35:52.360 --> 00:35:54.920
<v Speaker 4>get an answer. Is that our only choice no to

679
00:35:55.039 --> 00:35:57.000
<v Speaker 4>have a chance to inspect it before we go there.

680
00:35:57.039 --> 00:35:59.599
<v Speaker 4>We'll let you walk through the factory. You'll be in

681
00:35:59.679 --> 00:36:02.679
<v Speaker 4>the fact factory tomorrow morning at eleven o'clock and we

682
00:36:02.760 --> 00:36:04.599
<v Speaker 4>go to the factory. We knew we're going to the business.

683
00:36:04.599 --> 00:36:07.360
<v Speaker 4>We knew there were negotiations, but there was no negotiations.

684
00:36:07.559 --> 00:36:09.039
<v Speaker 4>Here's the factory, you're going to make it, and here's

685
00:36:09.079 --> 00:36:13.199
<v Speaker 4>the price. So we begin to tour the factory, and

686
00:36:13.239 --> 00:36:15.079
<v Speaker 4>the manager of the factory and is people who take

687
00:36:15.119 --> 00:36:18.280
<v Speaker 4>us around and show us all the operations, answer any questions.

688
00:36:18.679 --> 00:36:21.079
<v Speaker 4>I was accompanied by members of our Hong Kong staff

689
00:36:21.119 --> 00:36:24.760
<v Speaker 4>who spoke Mandarin and they translated between me and them

690
00:36:24.800 --> 00:36:27.480
<v Speaker 4>and what was going on. And one of my first

691
00:36:27.519 --> 00:36:31.199
<v Speaker 4>recollitions was how professional the factory looked. As they said,

692
00:36:31.480 --> 00:36:33.960
<v Speaker 4>China made shirts for a billion people, they just didn't

693
00:36:34.000 --> 00:36:37.239
<v Speaker 4>know how to make them the way international people needed them.

694
00:36:38.039 --> 00:36:41.480
<v Speaker 4>I walked into the finishing area in the Chinese factor.

695
00:36:41.960 --> 00:36:43.119
<v Speaker 4>You know what finishing is just.

696
00:36:44.920 --> 00:36:46.840
<v Speaker 5>Putting the finishing touches on something.

697
00:36:48.239 --> 00:36:52.599
<v Speaker 4>Yeah, well, shirt making, it's ironing, Yeah, putting in the

698
00:36:52.800 --> 00:36:56.079
<v Speaker 4>you know, the putting in the cardboard and the collar

699
00:36:56.719 --> 00:37:01.280
<v Speaker 4>under the collar, pinning it, putting it bags. That was

700
00:37:01.440 --> 00:37:02.800
<v Speaker 4>what's considered finishing.

701
00:37:03.039 --> 00:37:05.159
<v Speaker 3>See that was a better explanation than me. That was

702
00:37:05.199 --> 00:37:06.320
<v Speaker 3>a much better explanation.

703
00:37:06.440 --> 00:37:08.360
<v Speaker 4>Well, it was more detail. I'd like to think I

704
00:37:08.400 --> 00:37:10.480
<v Speaker 4>know more than you about this. Anyway, I won't argue

705
00:37:10.480 --> 00:37:13.239
<v Speaker 4>with you the lore, so I'll never forget walking down

706
00:37:13.320 --> 00:37:15.719
<v Speaker 4>an aisle in the factory and I had never seen

707
00:37:15.760 --> 00:37:18.519
<v Speaker 4>anything like this aisle before. It was in the finishing department.

708
00:37:19.199 --> 00:37:22.119
<v Speaker 4>I don't know. It's probably about two hundred workers and

709
00:37:22.159 --> 00:37:25.599
<v Speaker 4>one hundred yards On each side of the conveyor belt,

710
00:37:25.599 --> 00:37:27.119
<v Speaker 4>there was a conveyor belt. On each side of the

711
00:37:27.119 --> 00:37:30.199
<v Speaker 4>conveyor belt were these people, and each one of the

712
00:37:30.239 --> 00:37:34.599
<v Speaker 4>people facing the conveyor belt on both sides were Chinese workers.

713
00:37:35.000 --> 00:37:38.280
<v Speaker 4>One of them, all of them had a small Chinese bowl,

714
00:37:39.079 --> 00:37:42.159
<v Speaker 4>a toothbrush, and a bar of soap. And as the

715
00:37:42.239 --> 00:37:45.480
<v Speaker 4>shirt would come around on the conveyor, the various different

716
00:37:45.519 --> 00:37:48.280
<v Speaker 4>workers would pick up a shirt and with their toothbrush

717
00:37:48.320 --> 00:37:51.159
<v Speaker 4>and soap and water, they would carefully take off any

718
00:37:51.280 --> 00:37:56.079
<v Speaker 4>improfessions on the shirt as they passed. I remember leaning

719
00:37:56.119 --> 00:37:58.360
<v Speaker 4>over to my office management. I had an enginey and

720
00:37:58.400 --> 00:38:00.480
<v Speaker 4>I said, what the hell is this about? We never

721
00:38:00.519 --> 00:38:02.840
<v Speaker 4>seen anything like that. I asked them to find out

722
00:38:02.840 --> 00:38:06.239
<v Speaker 4>what were they doing, and interestingly enough, they said, they

723
00:38:06.360 --> 00:38:09.360
<v Speaker 4>have making white shirts and they want them to be perfect.

724
00:38:10.119 --> 00:38:12.400
<v Speaker 4>Interesting they would take out all the dust and the

725
00:38:12.440 --> 00:38:16.400
<v Speaker 4>impurities from the air, particularly white shirts. When we asked

726
00:38:16.599 --> 00:38:20.239
<v Speaker 4>why are they doing this, the manager of the factory said,

727
00:38:21.079 --> 00:38:26.679
<v Speaker 4>we have to keep people employed. China was throwing people

728
00:38:26.719 --> 00:38:30.440
<v Speaker 4>into the process to make sure the quality is even

729
00:38:30.480 --> 00:38:33.480
<v Speaker 4>better than you can imagine at the same time as ours.

730
00:38:34.800 --> 00:38:37.039
<v Speaker 4>They were making shirts that could be better than the

731
00:38:37.039 --> 00:38:38.800
<v Speaker 4>ones who are making in the finest factories in the

732
00:38:38.880 --> 00:38:42.199
<v Speaker 4>United States or anywhere in Hong Kong or industrialized countries.

733
00:38:42.360 --> 00:38:44.880
<v Speaker 4>It was amazing to see, and they were doing it

734
00:38:45.239 --> 00:38:48.320
<v Speaker 4>because they were learning and they wanted to protect their economy.

735
00:38:49.159 --> 00:38:53.360
<v Speaker 4>Many years later, I remember watching an interview with President

736
00:38:53.400 --> 00:38:55.800
<v Speaker 4>Obama at the time, and I think Jing Hun p

737
00:38:56.079 --> 00:38:59.159
<v Speaker 4>I forget his name. I'm sorry, I don't remember it really,

738
00:39:00.039 --> 00:39:02.280
<v Speaker 4>and they were having a conversation. They were talking about

739
00:39:02.320 --> 00:39:05.400
<v Speaker 4>this particular clip that I saw, what keeps you at

740
00:39:05.440 --> 00:39:09.480
<v Speaker 4>wake at night? And Obama then started talking about nuclear

741
00:39:09.519 --> 00:39:14.639
<v Speaker 4>weapons or terrorism, whatever he perceived to be that which

742
00:39:14.719 --> 00:39:16.440
<v Speaker 4>keeped them awake at night, And then he asked the

743
00:39:16.519 --> 00:39:20.239
<v Speaker 4>Chinese premiere what keeps you awake at night? And the

744
00:39:20.360 --> 00:39:25.159
<v Speaker 4>Chinese premier said, I need to find twenty million jobs

745
00:39:25.519 --> 00:39:28.719
<v Speaker 4>every year for my people. So when you look at

746
00:39:28.719 --> 00:39:32.559
<v Speaker 4>the process of the Chinese government, the relationships in China,

747
00:39:32.880 --> 00:39:36.920
<v Speaker 4>the businesses being directed through Beijing head office, when you

748
00:39:36.960 --> 00:39:39.960
<v Speaker 4>look at what took place in China, our relationship was amazing.

749
00:39:40.360 --> 00:39:44.599
<v Speaker 4>We brought technology, we brought them a market. They gave

750
00:39:44.679 --> 00:39:47.960
<v Speaker 4>us amazing prices. They were much less than there were

751
00:39:48.079 --> 00:39:51.719
<v Speaker 4>competitors around the world. That was the nature of China.

752
00:39:52.239 --> 00:39:56.119
<v Speaker 4>I found them to be unique, honest, interesting negotiations. They

753
00:39:56.159 --> 00:39:59.400
<v Speaker 4>knew their guardrails. They always delivered what was promised. We

754
00:39:59.440 --> 00:40:02.679
<v Speaker 4>in turn, were honest, paid our bills in time, never

755
00:40:02.800 --> 00:40:06.039
<v Speaker 4>canceled orders, held defeat to the fire on quality. It

756
00:40:06.119 --> 00:40:10.840
<v Speaker 4>was a wonderful symbionic relationship. We both prosper and as

757
00:40:10.920 --> 00:40:14.800
<v Speaker 4>they learned, our profits increased. Yet back in those days,

758
00:40:14.800 --> 00:40:16.519
<v Speaker 4>when I would come to China, they would call me

759
00:40:16.559 --> 00:40:18.800
<v Speaker 4>a friend in China, and to this date, I look

760
00:40:18.880 --> 00:40:23.960
<v Speaker 4>at China as a friend now. Like I say, it's

761
00:40:24.000 --> 00:40:25.920
<v Speaker 4>not as easy for him to say, because I'm not

762
00:40:25.960 --> 00:40:29.599
<v Speaker 4>a politician. My job was to conduct business and protect

763
00:40:29.719 --> 00:40:34.119
<v Speaker 4>our country's economy and make it work with a foreign

764
00:40:34.239 --> 00:40:38.400
<v Speaker 4>communist country. So I can't make judgments. I can't I

765
00:40:38.480 --> 00:40:42.360
<v Speaker 4>negotiated by company for I negotiate for my company and

766
00:40:42.440 --> 00:40:45.760
<v Speaker 4>for my country. One lesson you learn you grew up

767
00:40:45.760 --> 00:40:47.880
<v Speaker 4>in business. One of the first things they teach you

768
00:40:48.920 --> 00:40:54.280
<v Speaker 4>never discuss politics in business, and particularly in a foreign country.

769
00:40:54.320 --> 00:40:57.119
<v Speaker 4>It just don't work. You never know what your piece

770
00:40:57.360 --> 00:41:00.679
<v Speaker 4>these people are thinking. They're different than you, theresent different thing.

771
00:41:01.840 --> 00:41:03.519
<v Speaker 4>You don't know if they would get in trouble. You

772
00:41:03.679 --> 00:41:06.679
<v Speaker 4>never mingle business with politics. You don't know what to think.

773
00:41:07.639 --> 00:41:09.440
<v Speaker 4>You don't know what you're allowed to say, you don't

774
00:41:09.440 --> 00:41:11.400
<v Speaker 4>know what they're allowed to say. You don't know who's listening.

775
00:41:11.559 --> 00:41:14.079
<v Speaker 4>Just go about your business now. I have been caught

776
00:41:14.119 --> 00:41:17.079
<v Speaker 4>up in some conversations around the world, but I avoided most.

777
00:41:17.679 --> 00:41:20.679
<v Speaker 4>I'll tell you talking politics in a foreign country is dangerous.

778
00:41:20.960 --> 00:41:23.800
<v Speaker 4>It's with foreign people. You have a good idea. Of course,

779
00:41:23.880 --> 00:41:26.280
<v Speaker 4>you're in a diplomatic corps, then you could do it.

780
00:41:26.360 --> 00:41:29.199
<v Speaker 4>You're instructed. No, you need to accomplish. You do not

781
00:41:29.639 --> 00:41:36.840
<v Speaker 4>talk politics. And the reality is the Chinese people are

782
00:41:36.880 --> 00:41:42.239
<v Speaker 4>playing chess. This is my greatest concern. I have nothing

783
00:41:42.320 --> 00:41:46.320
<v Speaker 4>but the highest regard for these people. But as different

784
00:41:46.440 --> 00:41:51.880
<v Speaker 4>as we are, as different as they are, I'm worried

785
00:41:52.880 --> 00:41:56.599
<v Speaker 4>that their chess game is better than ours. I don't

786
00:41:56.679 --> 00:41:59.679
<v Speaker 4>understand why there's so much activity in China. W appear

787
00:41:59.760 --> 00:42:03.000
<v Speaker 4>to be undermining our country when we're such important partners

788
00:42:03.440 --> 00:42:07.159
<v Speaker 4>whatever their long game concerns me because we don't seem

789
00:42:07.199 --> 00:42:09.719
<v Speaker 4>smart enough. Well, kind of like the intouchables when they said,

790
00:42:09.840 --> 00:42:12.159
<v Speaker 4>you bring a knife to a gunfight. We're bringing a

791
00:42:12.239 --> 00:42:14.400
<v Speaker 4>knife to a gunfight. We're fighting a big war here,

792
00:42:14.719 --> 00:42:17.239
<v Speaker 4>a war of brains, and we seem to be underutilized

793
00:42:17.280 --> 00:42:22.199
<v Speaker 4>and out of our league. And my biggest concern, my

794
00:42:22.360 --> 00:42:26.440
<v Speaker 4>biggest concern is Trump. You know, there's starting to be

795
00:42:26.519 --> 00:42:30.639
<v Speaker 4>ramifications to what he's called the trade war. I never

796
00:42:30.719 --> 00:42:36.280
<v Speaker 4>thought of trade being weaponized and using it to stem

797
00:42:36.320 --> 00:42:41.840
<v Speaker 4>the flow of fentanyl, brilliant, using it to get fair trade,

798
00:42:42.079 --> 00:42:44.639
<v Speaker 4>a balance of trade. If we buy a trillion dollars

799
00:42:44.639 --> 00:42:46.920
<v Speaker 4>from China, they should buy a trillion dollars from us.

800
00:42:47.519 --> 00:42:50.440
<v Speaker 4>But at the end of the day, China seems to

801
00:42:50.440 --> 00:42:54.639
<v Speaker 4>be willing to push their plans back by years. They're

802
00:42:54.679 --> 00:42:57.519
<v Speaker 4>acting as a country in a position of strength with

803
00:42:57.679 --> 00:43:02.840
<v Speaker 4>financial resources, and over the last twelve years, I'm wondering,

804
00:43:02.880 --> 00:43:06.320
<v Speaker 4>now that he's woke up our country, are they trying

805
00:43:06.360 --> 00:43:10.079
<v Speaker 4>to ruin his presidency? Are they trying to make it

806
00:43:10.159 --> 00:43:13.599
<v Speaker 4>hard for Donald Trump to be successful? And why would

807
00:43:13.639 --> 00:43:16.159
<v Speaker 4>they do it in a chess game? Because they think

808
00:43:16.199 --> 00:43:19.159
<v Speaker 4>he's strong, they think he's leading the country in a

809
00:43:19.239 --> 00:43:22.840
<v Speaker 4>right direction, and they just don't like what he represents

810
00:43:22.880 --> 00:43:25.639
<v Speaker 4>for China. I don't know any of that to be true.

811
00:43:26.239 --> 00:43:29.679
<v Speaker 4>Our concern is this country that I've worked with, China,

812
00:43:29.960 --> 00:43:33.440
<v Speaker 4>where I only had the highest regard for, is now

813
00:43:33.639 --> 00:43:36.800
<v Speaker 4>fighting a trade war with the United States. I hope

814
00:43:36.800 --> 00:43:39.679
<v Speaker 4>it lasts a minute. I believe we should be making love,

815
00:43:39.800 --> 00:43:42.960
<v Speaker 4>not war, with that back in the minute and will

816
00:43:42.960 --> 00:43:46.360
<v Speaker 4>continue to talk about China always.

817
00:43:46.599 --> 00:43:48.239
<v Speaker 2>In Fashion, Done a.

818
00:43:48.360 --> 00:43:53.079
<v Speaker 4>Karen began her career as one of the finest, most successful,

819
00:43:53.559 --> 00:43:57.559
<v Speaker 4>powerful women in the fashion industry. She developed a collection

820
00:43:58.079 --> 00:44:01.039
<v Speaker 4>aimed at the luxury market for women on the go,

821
00:44:01.239 --> 00:44:04.159
<v Speaker 4>women who were powerful in their workplace, women who had

822
00:44:04.239 --> 00:44:07.840
<v Speaker 4>lives that extended beyond the workplace, and her clothes went

823
00:44:07.880 --> 00:44:11.840
<v Speaker 4>from day and tonight. An extraordinary collection. But the interesting

824
00:44:11.920 --> 00:44:14.559
<v Speaker 4>thing Donna Karen had a young daughter, and she had

825
00:44:14.559 --> 00:44:17.599
<v Speaker 4>friends and they couldn't afford to buy the Donna Karon collection,

826
00:44:17.960 --> 00:44:21.320
<v Speaker 4>and Donna invented dk n Y. Donna Aaron, New York

827
00:44:21.760 --> 00:44:24.760
<v Speaker 4>it's an offshoot of the Donna Karen collection, the same

828
00:44:24.920 --> 00:44:28.039
<v Speaker 4>concept a lifestyle brand. Then we talk about lifestyle brands,

829
00:44:28.079 --> 00:44:30.760
<v Speaker 4>What does that really mean? Simply what they say, there

830
00:44:30.760 --> 00:44:34.199
<v Speaker 4>are brands that follow you throughout your lifestyle. You get

831
00:44:34.239 --> 00:44:36.119
<v Speaker 4>up in the morning, you start to get dressed Donna

832
00:44:36.199 --> 00:44:39.719
<v Speaker 4>Karen decaan why as intimate apparel, as hosiery, as all

833
00:44:39.760 --> 00:44:44.719
<v Speaker 4>those products. You're getting dressed for work. You get accessorized shoes, handbags,

834
00:44:44.840 --> 00:44:47.400
<v Speaker 4>and it takes you through the day. The remarkable thing

835
00:44:47.400 --> 00:44:50.079
<v Speaker 4>about DK and y clothes for work they work into

836
00:44:50.119 --> 00:44:54.400
<v Speaker 4>the evening. The dresses, the suits, the pants, the sweaters,

837
00:44:54.559 --> 00:44:59.559
<v Speaker 4>the blouses, extraordinary clothes at affordable prices that go from

838
00:44:59.719 --> 00:45:02.880
<v Speaker 4>day in tonight. Part of your lifestyle is active. You

839
00:45:02.880 --> 00:45:06.880
<v Speaker 4>have weekends, you have events, you participate in sports. Donna

840
00:45:07.000 --> 00:45:10.920
<v Speaker 4>Karen's casual clothes did that under the DK and Y label.

841
00:45:11.239 --> 00:45:15.159
<v Speaker 4>A vast array of casual sportswear that make women look

842
00:45:15.199 --> 00:45:19.400
<v Speaker 4>great as they navigate their busy lives. Whether you going

843
00:45:19.440 --> 00:45:21.960
<v Speaker 4>to soccer games for your children or whether you're going

844
00:45:22.000 --> 00:45:25.400
<v Speaker 4>out to the movies, whatever you want to do, dkn

845
00:45:25.400 --> 00:45:29.280
<v Speaker 4>and Y Jeens dc Y Sportswear is there for you.

846
00:45:29.559 --> 00:45:32.639
<v Speaker 4>That's what a lifestyle brand is. I need to mention

847
00:45:33.039 --> 00:45:38.039
<v Speaker 4>DKY active Wear, which is extraordinary, the leggings, the sports bras,

848
00:45:38.239 --> 00:45:43.280
<v Speaker 4>the sweats. You can wear DKY active Wear certainly in

849
00:45:43.320 --> 00:45:46.039
<v Speaker 4>the gym, certainly when you're working out at home, and

850
00:45:46.119 --> 00:45:49.039
<v Speaker 4>certainly if you want on the street, because it's that

851
00:45:49.280 --> 00:45:52.000
<v Speaker 4>well done. The quality of dk why is nothing short

852
00:45:52.000 --> 00:45:54.880
<v Speaker 4>of exceptional. And why shouldn't it be because it was

853
00:45:54.960 --> 00:45:59.239
<v Speaker 4>born from the idea of luxury made affordable for women

854
00:45:59.400 --> 00:46:04.159
<v Speaker 4>of America. Dkn why a true lifestyle brand that takes

855
00:46:04.159 --> 00:46:07.480
<v Speaker 4>you from day and tonight, from the week into the weekend.

856
00:46:07.960 --> 00:46:13.880
<v Speaker 4>DCN Why. You can find dcnhy and Macy's DKNY dot com.

857
00:46:14.000 --> 00:46:17.159
<v Speaker 4>As one of the world's most celebrated fashion designers, Carl

858
00:46:17.199 --> 00:46:20.840
<v Speaker 4>Lagafeld was renowned for his aspirational and cutting edge approach

859
00:46:20.880 --> 00:46:24.280
<v Speaker 4>to style. His unique vision of Parisian shit comes to

860
00:46:24.360 --> 00:46:29.760
<v Speaker 4>America through car Lagofeld Paris. He has women's collections, men's collections,

861
00:46:29.800 --> 00:46:33.119
<v Speaker 4>ready to wear, accessory, shoes and bags. The fashion house

862
00:46:33.159 --> 00:46:36.079
<v Speaker 4>Carlagofeld also offers a range of watches, I wear and

863
00:46:36.159 --> 00:46:40.199
<v Speaker 4>premium fragrances. You can explore the car lagofl collection at

864
00:46:40.199 --> 00:46:44.280
<v Speaker 4>car Lagofelparis dot com. But it's more than that. I have,

865
00:46:44.320 --> 00:46:47.159
<v Speaker 4>for one, love to shop. I love going around and

866
00:46:47.199 --> 00:46:50.360
<v Speaker 4>seeing what's happening and what catches my attention, what would

867
00:46:50.360 --> 00:46:53.320
<v Speaker 4>make me feel good to wear now. I don't wear

868
00:46:53.360 --> 00:46:55.880
<v Speaker 4>the women's wear obviously, but I can appreciate it, and

869
00:46:55.920 --> 00:46:58.840
<v Speaker 4>they look amazing. If you want to look right, you

870
00:46:58.880 --> 00:47:01.559
<v Speaker 4>want to have closed it fit you well. You want

871
00:47:01.559 --> 00:47:05.719
<v Speaker 4>to look like you're wearing something that's very expensive, that's

872
00:47:05.880 --> 00:47:09.320
<v Speaker 4>exclusive for you and yours. You can find it at

873
00:47:09.480 --> 00:47:13.719
<v Speaker 4>very affordable prices at Macy's Orcarlagofel dot com Paris. The

874
00:47:13.760 --> 00:47:16.599
<v Speaker 4>women's ready to wear fashion is extraordinary, as well as

875
00:47:16.599 --> 00:47:20.519
<v Speaker 4>the handbigs and the shoes. I, for one, wear men's clothes,

876
00:47:20.639 --> 00:47:24.760
<v Speaker 4>unlike my appreciation of women's clothes. I'm a modern guy.

877
00:47:25.480 --> 00:47:27.199
<v Speaker 4>I want to look current. I want to look the

878
00:47:27.199 --> 00:47:29.280
<v Speaker 4>way I want to feel. I go out at night,

879
00:47:29.360 --> 00:47:33.199
<v Speaker 4>I'm in black and carlagafelt Is my buddy. Calls are great.

880
00:47:33.280 --> 00:47:35.599
<v Speaker 4>They fit great, and they have little tweaks and touches,

881
00:47:35.639 --> 00:47:37.760
<v Speaker 4>whether it's a stripe on the sleeve or button at

882
00:47:37.760 --> 00:47:40.199
<v Speaker 4>the neck or on the shoulder. There's a lot of

883
00:47:40.239 --> 00:47:43.760
<v Speaker 4>details that go into Carlagafel because he's always been he

884
00:47:43.840 --> 00:47:46.880
<v Speaker 4>always had been one of the world's great designers, and

885
00:47:46.920 --> 00:47:50.039
<v Speaker 4>this legacy and goes on and on. I can't speak

886
00:47:50.119 --> 00:47:52.039
<v Speaker 4>enough about it except to say to you, you want

887
00:47:52.039 --> 00:47:54.159
<v Speaker 4>to feel good about yourself. You want to know that

888
00:47:54.199 --> 00:47:56.800
<v Speaker 4>you're dressing properly. You want to clothes that fits you well.

889
00:47:57.159 --> 00:48:03.079
<v Speaker 4>Carl Lagafeld Paris call Legofel dot com.

890
00:48:03.199 --> 00:48:05.400
<v Speaker 1>Welcome back to Always in Fashion.

891
00:48:05.679 --> 00:48:08.599
<v Speaker 5>Here's your host, Mark webber Tonight.

892
00:48:08.960 --> 00:48:11.440
<v Speaker 4>I want to make love, not war. In this case

893
00:48:11.480 --> 00:48:15.159
<v Speaker 4>trade wars. I'm concerned about them. Although I do respect

894
00:48:15.559 --> 00:48:20.360
<v Speaker 4>President Trump weaponizing trade, I am concerned that they could

895
00:48:20.440 --> 00:48:23.440
<v Speaker 4>be adverse effects. I'm not saying we should back down.

896
00:48:23.480 --> 00:48:26.400
<v Speaker 4>I think we should talk more. We have to negotiate.

897
00:48:26.719 --> 00:48:30.199
<v Speaker 4>I do not like I do not understand why our

898
00:48:30.280 --> 00:48:34.639
<v Speaker 4>largest trading partner, China and the United States cannot agree

899
00:48:34.679 --> 00:48:38.280
<v Speaker 4>on most things. And I want to talk about right now. Hey, Jesse,

900
00:48:38.800 --> 00:48:42.079
<v Speaker 4>let's talk negotiation. Who wins the negotiation.

901
00:48:42.519 --> 00:48:45.599
<v Speaker 3>Negotiations can get ugly, both sides will fight it out.

902
00:48:45.599 --> 00:48:49.960
<v Speaker 3>But in any negotiation, you know who wins the side

903
00:48:50.119 --> 00:48:53.079
<v Speaker 3>who has the power to walk away, And.

904
00:48:53.079 --> 00:48:56.800
<v Speaker 4>That is my concern with these negotiations with China. All

905
00:48:56.840 --> 00:49:00.000
<v Speaker 4>our medicines come from China, so many of our product

906
00:49:00.320 --> 00:49:02.800
<v Speaker 4>come from China. I am not convinced. Here here's a

907
00:49:02.840 --> 00:49:05.960
<v Speaker 4>crazy one we're in. They're always in fashion business. I'm

908
00:49:06.000 --> 00:49:09.400
<v Speaker 4>pretty much convinced without China we would be walking around naked.

909
00:49:09.719 --> 00:49:12.360
<v Speaker 4>I don't think there's enough apparel production in the United

910
00:49:12.400 --> 00:49:15.039
<v Speaker 4>States or from all the other countries that we buy

911
00:49:15.079 --> 00:49:17.239
<v Speaker 4>from to keep us all closed for a year.

912
00:49:17.800 --> 00:49:21.119
<v Speaker 3>Well, where we going to make iPhones, iPads, tablets, laptops?

913
00:49:21.159 --> 00:49:22.800
<v Speaker 3>Do we even have the ability to do that work?

914
00:49:22.840 --> 00:49:25.440
<v Speaker 3>Silicon Valley? Do we have the ability to manufacture that

915
00:49:25.480 --> 00:49:26.519
<v Speaker 3>here in the United States?

916
00:49:26.719 --> 00:49:27.280
<v Speaker 5>I don't think so.

917
00:49:27.360 --> 00:49:29.679
<v Speaker 3>And by the way, you know there's talk about if

918
00:49:29.679 --> 00:49:32.599
<v Speaker 3>they're significant tartts. It was ten percent on China. Right

919
00:49:32.639 --> 00:49:36.280
<v Speaker 3>now are the American companies, like tech companies that are

920
00:49:36.280 --> 00:49:38.039
<v Speaker 3>just going to eat the cost of it? But then

921
00:49:38.079 --> 00:49:40.760
<v Speaker 3>it's going to go down to the workers, right Their

922
00:49:40.800 --> 00:49:43.920
<v Speaker 3>incomes are not gonna They're going to be not paid

923
00:49:43.920 --> 00:49:45.920
<v Speaker 3>as much, and then I think everybody's going to feel

924
00:49:45.920 --> 00:49:46.559
<v Speaker 3>the effects of it.

925
00:49:46.679 --> 00:49:49.519
<v Speaker 5>So I'm a little concerned. Are you a little concerned?

926
00:49:50.079 --> 00:49:52.599
<v Speaker 4>No, I'm not worried about the cost of doing business

927
00:49:52.719 --> 00:49:55.639
<v Speaker 4>or the price of poker. That is a fact of life.

928
00:49:55.719 --> 00:49:58.800
<v Speaker 4>If we raised China by ten percent and they raise

929
00:49:58.920 --> 00:50:01.599
<v Speaker 4>us by ten percent, that's all well and good. But

930
00:50:01.800 --> 00:50:04.360
<v Speaker 4>now I read the other day that in China they're

931
00:50:04.400 --> 00:50:08.039
<v Speaker 4>now doing an exposy on Google. They don't like the

932
00:50:08.039 --> 00:50:11.880
<v Speaker 4>way Google conducts themselves. That is dangerous. And this week

933
00:50:12.480 --> 00:50:16.960
<v Speaker 4>a Reuter came out with an article regarding Calvin Klein

934
00:50:17.079 --> 00:50:18.559
<v Speaker 4>some other company. I don't know, but I want to

935
00:50:18.559 --> 00:50:21.079
<v Speaker 4>play it for you the article I hadn't read and

936
00:50:21.159 --> 00:50:22.119
<v Speaker 4>listen to what it's saying.

937
00:50:22.519 --> 00:50:25.960
<v Speaker 2>China plays Calvin Klein owner PVH Corporation and US gene

938
00:50:26.000 --> 00:50:29.639
<v Speaker 2>sequencing company Ilumina Incorporated to a so called blacklist of

939
00:50:29.760 --> 00:50:33.480
<v Speaker 2>entities among a series of retaliatory actions after new tariffs

940
00:50:33.599 --> 00:50:37.199
<v Speaker 2>ordered by President Donald Trump took effect Tuesday, The Ministry

941
00:50:37.199 --> 00:50:40.079
<v Speaker 2>of Commerce said that PVH and Alumna infringed on the

942
00:50:40.079 --> 00:50:45.159
<v Speaker 2>principles of market transactions and undertook damaging actions against Chinese companies,

943
00:50:45.199 --> 00:50:48.320
<v Speaker 2>without elaborating. PVH is also the parent company of the

944
00:50:48.320 --> 00:50:52.079
<v Speaker 2>Tommy Hilfiger brand and has been under Chinese regulatory investments

945
00:50:52.079 --> 00:50:56.079
<v Speaker 2>since September for allegedly boycotting cotton from the Shinjiang region,

946
00:50:56.360 --> 00:50:59.079
<v Speaker 2>though the statement did not mention the issue. Illumina is

947
00:50:59.119 --> 00:51:02.800
<v Speaker 2>the leading global of genetic sequencing and arrival to Chinese

948
00:51:02.800 --> 00:51:05.920
<v Speaker 2>biotech giant BGI Genomics company.

949
00:51:06.360 --> 00:51:10.840
<v Speaker 4>This is basically saying, if I'm not mistaken, six percent

950
00:51:11.480 --> 00:51:17.079
<v Speaker 4>of Calvin Klein's operational income comes from China, but in

951
00:51:17.119 --> 00:51:20.679
<v Speaker 4>the seventy or eighty percent of their products are being

952
00:51:20.719 --> 00:51:24.119
<v Speaker 4>manufactured in China. If China wants to cut off Calvin Klein,

953
00:51:24.760 --> 00:51:28.599
<v Speaker 4>they can do that tomorrow. In fact, Calvin Klein stock

954
00:51:28.679 --> 00:51:31.920
<v Speaker 4>has tanked since this stuff has gone on, since we

955
00:51:32.000 --> 00:51:35.400
<v Speaker 4>put the embargo in. I didn't anticipate that kind of

956
00:51:35.719 --> 00:51:39.519
<v Speaker 4>retaliatory action. I thought it would be just dollars and cents.

957
00:51:39.679 --> 00:51:42.519
<v Speaker 4>I don't know whether President Trump felt it would be

958
00:51:42.679 --> 00:51:45.719
<v Speaker 4>just dollars and cents. I didn't know they were going

959
00:51:45.760 --> 00:51:48.679
<v Speaker 4>to attack companies and perhaps put us out of business

960
00:51:49.000 --> 00:51:54.320
<v Speaker 4>because of this trade embargo. Now, having said that Calvin

961
00:51:54.360 --> 00:51:58.519
<v Speaker 4>Klein in particulars is getting involved with the laws of

962
00:51:58.559 --> 00:52:01.639
<v Speaker 4>the land in China, you were heard in that article

963
00:52:01.679 --> 00:52:04.920
<v Speaker 4>they refused to buy cotton in that territory. Once again,

964
00:52:05.000 --> 00:52:08.159
<v Speaker 4>if my memory serves me right. That territory in China

965
00:52:08.880 --> 00:52:12.400
<v Speaker 4>employs prison workers. They make people who are working in

966
00:52:12.440 --> 00:52:16.239
<v Speaker 4>prisons work in the factories without getting paid. And I

967
00:52:16.280 --> 00:52:19.599
<v Speaker 4>think that's against our rules or our laws. Jesse, do

968
00:52:19.639 --> 00:52:20.920
<v Speaker 4>you know if that's illegal here?

969
00:52:21.440 --> 00:52:24.000
<v Speaker 5>Ah, no idea. I was sick that day in law school.

970
00:52:25.440 --> 00:52:27.519
<v Speaker 4>Well, I would assume in the United States it's against

971
00:52:27.559 --> 00:52:30.960
<v Speaker 4>the law. I believe our prisoners make money on whatever

972
00:52:31.000 --> 00:52:33.599
<v Speaker 4>the jobs they're assigned to, But in China they don't

973
00:52:33.599 --> 00:52:36.920
<v Speaker 4>feel the need to. And here's the tricky port. Are

974
00:52:36.960 --> 00:52:39.400
<v Speaker 4>we in a position to tell China what's right for

975
00:52:39.519 --> 00:52:43.480
<v Speaker 4>China let alone? Would they even listen to us if

976
00:52:43.519 --> 00:52:45.320
<v Speaker 4>we went in in the beginning and said, we want

977
00:52:45.320 --> 00:52:49.400
<v Speaker 4>to buy China's products, but if they have slave labor

978
00:52:49.519 --> 00:52:51.920
<v Speaker 4>or which that was, I guess what they're referring to,

979
00:52:51.960 --> 00:52:54.679
<v Speaker 4>the prison labor, We're not going to buy. So you

980
00:52:54.719 --> 00:52:57.199
<v Speaker 4>don't put us in those factories. But it's after the fact.

981
00:52:58.079 --> 00:53:00.960
<v Speaker 4>I've learned a great lesson. I have a great story

982
00:53:01.000 --> 00:53:05.199
<v Speaker 4>for you. A couple of them actually Bangladesh. Bangladesh had

983
00:53:05.239 --> 00:53:08.159
<v Speaker 4>a problem, a lot of street gangs, a lot of

984
00:53:08.199 --> 00:53:11.880
<v Speaker 4>learned children. There's not enough schools, not enough daycare, and

985
00:53:12.000 --> 00:53:15.480
<v Speaker 4>not enough places for them to be without getting in trouble.

986
00:53:16.159 --> 00:53:20.280
<v Speaker 4>So young kids, boys in particular, whatever school ended, their

987
00:53:20.400 --> 00:53:22.760
<v Speaker 4>parents were working or there's no school, they're running around

988
00:53:22.760 --> 00:53:26.480
<v Speaker 4>the streets. They're getting into trouble, lots of trouble. So

989
00:53:26.599 --> 00:53:30.760
<v Speaker 4>a lot of Bangladesh parents wanted to bring their children

990
00:53:30.960 --> 00:53:33.920
<v Speaker 4>to work. They would come to work, they would work

991
00:53:34.000 --> 00:53:36.679
<v Speaker 4>right next to the mother. They would make money to help

992
00:53:36.719 --> 00:53:39.159
<v Speaker 4>the family live because they weren't making enough money to

993
00:53:39.159 --> 00:53:42.039
<v Speaker 4>get by. So the children were working. But the most

994
00:53:42.039 --> 00:53:45.280
<v Speaker 4>important part, the children weren't getting into trouble. They were

995
00:53:45.480 --> 00:53:49.719
<v Speaker 4>not on the streets running around with gangs. It is

996
00:53:49.760 --> 00:53:53.960
<v Speaker 4>against our policies as a country to work with factories

997
00:53:54.119 --> 00:53:59.039
<v Speaker 4>that employ child labor. Now here's the question, what do

998
00:53:59.119 --> 00:54:01.840
<v Speaker 4>we know about what's going on in Bangladesh? Are we

999
00:54:01.960 --> 00:54:05.119
<v Speaker 4>helping them are hurting them? If the mother is involved

1000
00:54:05.360 --> 00:54:07.840
<v Speaker 4>and she's made the decision, of the fathers involved and

1001
00:54:07.960 --> 00:54:10.599
<v Speaker 4>they made the decision, is it right to impose our

1002
00:54:10.639 --> 00:54:13.559
<v Speaker 4>will on the Bangladesh people. I always agree to it

1003
00:54:13.599 --> 00:54:16.480
<v Speaker 4>because that's the rules that are established in the United States,

1004
00:54:16.800 --> 00:54:19.960
<v Speaker 4>But there are questions about telling people in foreign countries

1005
00:54:20.000 --> 00:54:22.519
<v Speaker 4>how to work. That was a great thing. We made

1006
00:54:22.559 --> 00:54:25.559
<v Speaker 4>a stand that everyone in Asia deserve to be paid

1007
00:54:25.599 --> 00:54:28.960
<v Speaker 4>for overtime. But what would happen at the critical months

1008
00:54:29.079 --> 00:54:33.280
<v Speaker 4>before Easter, before Christmas? These people had to work overtime,

1009
00:54:33.639 --> 00:54:36.519
<v Speaker 4>and they were forced to work overtime even though it's

1010
00:54:36.559 --> 00:54:38.519
<v Speaker 4>against our rules, and we were left for the quandary,

1011
00:54:38.599 --> 00:54:40.760
<v Speaker 4>do you want the products you're bought or not? And

1012
00:54:40.800 --> 00:54:42.719
<v Speaker 4>no matter whether they said it or not, no matter

1013
00:54:42.800 --> 00:54:44.760
<v Speaker 4>whether they agree it or not, an awful lot of

1014
00:54:44.800 --> 00:54:47.760
<v Speaker 4>factories are running two sets of books, one showing those

1015
00:54:47.760 --> 00:54:49.840
<v Speaker 4>people getting paid and the other not. I have no

1016
00:54:49.880 --> 00:54:52.320
<v Speaker 4>idea what happened, but it just goes to show you

1017
00:54:52.719 --> 00:54:56.400
<v Speaker 4>how you tricky it is to get involved in foreign

1018
00:54:56.480 --> 00:55:01.280
<v Speaker 4>labor camps. I'm concerned for Calvin Klein, concerned for our countries.

1019
00:55:01.679 --> 00:55:04.800
<v Speaker 4>I'm concerned for all these things. It's a mess. I

1020
00:55:04.880 --> 00:55:08.159
<v Speaker 4>don't think Donald Trump has done anything wrong. I believe

1021
00:55:08.199 --> 00:55:11.360
<v Speaker 4>that behind the scenes they're talking. But before it gets

1022
00:55:11.440 --> 00:55:13.599
<v Speaker 4>too out of hand, there's a lot of things that

1023
00:55:13.679 --> 00:55:17.599
<v Speaker 4>have to go on. China, like them or love them,

1024
00:55:17.880 --> 00:55:20.119
<v Speaker 4>they have a country to run. They want to keep

1025
00:55:20.159 --> 00:55:22.800
<v Speaker 4>their people employed. You know the one thing I learned

1026
00:55:22.840 --> 00:55:25.039
<v Speaker 4>traveling all around the world, Well, I said before you

1027
00:55:25.159 --> 00:55:29.480
<v Speaker 4>never discussed politics. You can talk to people about being people.

1028
00:55:30.000 --> 00:55:32.639
<v Speaker 4>And the one thing I learned no matter what country

1029
00:55:32.679 --> 00:55:38.599
<v Speaker 4>I was ever in, whether it's in Paris or Taiwan, Korea, Bangladesh, Indonesia,

1030
00:55:39.039 --> 00:55:41.840
<v Speaker 4>Hong Kong, China, Macau, you name it,
