Message. Message also includes infrastructure spending and the public education public colleges and universities tuition free for in state middle class families. Yeah, exactly. Here's really if you pick apart the speech speech, you you see her really putting forward policies that appeal to specific groups that she needs to turn out to vote for her. So with uh the income are the tuition free uh college and debt free college, she's really making a point to reach out to young voters,
college students, people who recently graduated from college. You are dealing with student student debt. Uh. If all these groups turn out very strongly for President Obama, but they haven't had that same level of support for Secretary Clinton. They really supported Bernie Sanders. So now she's adopting his proposal that college should be tuition free. UM. The same thing with infrastructure spending, you know, the lack of the lack
of jobs and good paying jobs. She's using this infrastructure plan to sort of try to dump start the economy create eight jobs through some government spending. It's a proposal that another thing that that Senator Sanders supported, Uh, you know, and it's something we've also heard from Donald Trump saying that uh. You know, our our country, as as Clinton uh quoted in, our country is becoming a third world
country and our airports are falling apart. Uh So she's trying to capture those same voters who want the government to invest more in the infrastructure of the country to RUNIPA. Thank you for joining us today here on taking Stock. He's our US gum reporter for Bloomberg and News. Now I want to Charlie Pellett. He is in the news room with a Bloomberg Business flash, and thank you, Kathleen, Thank you, Pim Fox. The DAL, the SMPNZ, DAK all advancing right now. We've got the SMP five hundred index
climbing eleven to eighties seven. Again, there of five tenths of one percent. The DAL, the smpnaztack on track for records. The Dow Industrials up one hundred thirty two points to eighteen thousand, six hundred twenty eight. Again there of seven tents of one percent. The tenure down twenty thirty seconds, yield one point five six percent, Gold down a dollar ninety the ounce to thirteen thirty five and dropped there
of point one percent. Crude oil surging four point one percent off the dollar seventy three a barrel forty three forty four. Hillary Clinton just wrapping up her speech on the economy. You heard it live right here on Bloomberg Radio. All the people that I have met throughout this campaign really prove how wrong this negative, pessimistic view is. America's best days are still ahead of us if we make up our minds to actually go out and make that
happen again. Recapping stock surging SMP five hundred index up eleven now at six, a gain of five tenths of one percent. I'm Charlie Palett, and that's a Bloomberg Business flash. Now on Bloomberg Radio, we take stock of small business. Small businesses want more streamlining and less red take small business and then except the no. But maybe there's so many people that have ideas and it has to be more than that. It has to be making it real.
Bloomberg taking stocks on Bloomberg Radio. Oh, we've just been listening to a Democratic candidate, Hillary Clinton, speaking in Warren, Michigan. One of her themes is reiterating support for strengthening labor unions and also manufacturing products in the United States. Here to tell us a little bit more about making products here in the US is Tim and Tommy Gibb. They are the co founders and the co chief executives of Title New York, and they join us in the studio.
Thanks gentlemen for being here. Tim, let's begin with you tell us what is Title. It's a flip flop company, I know, but what is it? How did you start it? And give us the whole story? Well, Title game about from a simple notion that Tim and I grew up
around the footwear business all our lives. Our parents were both in it, and um for the past ten years plus, we've both been traveling around the world producing shoes, and we thought that there was an opportunity to bring that production back here to the States, and in order to do so, we really needed to come up with an innovative production process and look at the way things are. These flip flops have traditionally been produced and really changed
the game with how we make them. Well, Tommy, give us so great to have you in studio with your brother Tim. I just followed you guys on at Title New York, and I want to make sure we understand it's T I D A L so uh Timmy or t M I should say, what what inspired you? I mean, you're in the shoewer industry, but you don't just make shoes, you also hire veterans. Yeah, I mean for us, that was something that was critical from the start, was to
put that labor force to work. They made We made promises to them when they went overseas, and we need to make good on those. Um. Basically, Tommy and I have believed in that from the start, and that was something that that that we were not going to go back on. UM and it's been the most rewarding thing that we that we've done in that someone in your family in the military, or both our grandfathers were Um, we're in Nebraska, guys. That's that's where we were born.
It's it's in our blood. And more than that, though, if you look at the numbers, it doesn't matter. It's up near whether you agree with war or not. In what wars were in a huge number of Americans believe that we should do right by the veterans. That's what we that's what we both believe into. Gentlemen, Let's talk about where the products actually come from. Because taking a look at the details in New York, you do the molding in the final assembly in Missouri, you develop the
wave of foam packagings from New Jersey. You source proprietary strap material from Massachusetts. How did you decide on those specific locations? So coming back, you know, we were well versed in producing shoes around the globe, but here in America we had to source out the right partners and UM it was critical to us to maintain a percent American made product through all componentry and materials. And it's been an evolution as we built out the factory and
found those core partners. UM. Each one of them has been the right partner for the right reasons, and we look to them to be long term partners for us for the future. So uh, it's interesting, Uh the number of places that you have around the country. It's not just New York, it's Massachusetts and a couple of other locations.
And you've come up with some innovative materials that's right. UM, So through through what we've needed to do that the footwear industry and the US is typically driven towards the department offense. UM that's through subsidies and things like that.
They've been able to compete over with overseas. For us, what we wanted to do and why we focus on flip flops was because we could we could figure out a way to automate something that's done through heavy labor overseas and win that way because we weren't going to
do it on labor rates here. Um. So via finding these partners that that to Tommy touched on, we've worked with them and they've been amazing in terms of working with us to really develop the product in such a way that makes it better than it's been in the past. And that's just through R and D and working hand in hand. How did you select the artists whose work you would license in order to decorate the flip flops? And I understand, what about twenty eight dollars or so
forth for a pair of them? I know that Keith Herring is one of the artists whose work you use. Yet, so when we set out to do this, um, the way we print the product allows for us to really showcase, um the imagery and art seems like a natural um it the flip flop serves as a canvas or a T shirt for your feet, as we like to say. And um, you know we we liked New York and iconic you know American figures, and and there aren't many more iconic you know American artists than John Michelle Buscia
and Keith Herring. And we also worked with Peter Tuney, who's been a friend for a long time and is um still active just south the Canal Street. So what did it take to him to get this off the ground? I mean, did you beat strapped? Did you borrow money from friends and family? Uh? You know everything you can think of? We did. Um, you know, it was there was a lot. There's plenty that there were shipments that were going out where we had fathers in law helping
out to pack the shoes at three am. Um. And yeah, we bootstrapped it. We did a ton on our own, but we had a lot of help from the people that we love and from the people that believed in what we were doing. Um. But in terms of what it took, it took a lot of work. But when you believe in something that is in your blood and you believe you're doing it for the right reasons, it
makes it easy to get it done. Um. That doesn't mean it's easy to get it done, but it keeps you going and it and it and it really motivates you every day. So making here, you know, is possible UM, and it's it's something that if you put your mind to it, it absolutely can be done. And we did take UM. We had spa government support with funding and we did a friends and family UM investment round to begin with. So we uh, we we did have you know,
that's how we financed the business to get started. That you're in a variety of department stores. You're in Bloomingdale's, Nordstrom, Lord and Taylor, and also the Broad Museum in Los Angeles. I don't know whether you heard about the news of Macy's today, they're closing over a hundred stores, cutting that of their base. Do you foresee the time when you're gonna have your own retail outlets? So right now we're really folk gussed on direct the consumer and how we
can evolve that experience with the consumer. And when we started the factory, we focused on UH and the brand. We really wanted to focus on emerging in the marketplace and getting as much you know as we can out there invisibility. And now we are taking that a step further with some really awesome customer experiences where and coming up on holiday, we'll have customizable platforms where you can design your own flip flops on our sites. And we're really you know, Tim and I have always focused on
progression and and progressing. You know a product that hasn't been progressive? All right? Tim? Really quick? Where your website? If I want to order www dot title New York dot com Title New York. They are the founders, brothers, Tim and Tommy gab. It's made in America, the employer, military veterans. We thank you so much for joining us on taking stock today. This is Bloomberg. Small Business in Focus is brought to you by Time Warner Cable Business Class.
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