Speaker 1: Yea broadcasting live to New York, Bloomberg even to Washington,
Speaker 1: d C, Bloomberg to Boston, Bluemberg, well Under to San Francisco,
Speaker 1: Bloomberg to the country, Jo General, and around the globe
Speaker 1: the Bloomberg Radio plus DAP and Bloomberg got gone. This
Speaker 1: is taking Stock, coming up on taking stock. Well, Kathleen,
Speaker 1: where do you shop? Do you shop online? You know me, Pam,
Speaker 1: I'm kind of old fashioned. I slept around, I look
Speaker 1: for the deals. I'd like to touch things, et cetera.
Speaker 1: My daughter does actually a little bit more than I do.
Speaker 1: All right, well, maybe this will convince you. We're gonna
Speaker 1: be speaking with Victoria Cole, the chief executive of Designers
Speaker 1: on a Dime. They're based in Houston, but Victoria will
Speaker 1: join us here in the studio to tell us all
Speaker 1: about curated selections online. Well, if her jewelry and clothing
Speaker 1: or any example, you can find some really cool stuff
Speaker 1: on her website. I can hardly wait to hear all
Speaker 1: about this, and I can hardly wait to hear from
Speaker 1: Charlie Pett. He's in the Bloomberg news room with a
Speaker 1: blue big business last and I thank you very much.
Speaker 1: Kathleen Hayes, thank you, pim Fox. Mixed picture for US
Speaker 1: equities afternoon trading in New York. We've got the SMP
Speaker 1: up a point now little change. Their stocks have been fluctuating,
Speaker 1: with the SMP now at eighty four, up there by
Speaker 1: point one percent now, Industrials down four to eighteen thousand,
Speaker 1: five hundred sixty nine nastak op eight a gain there
Speaker 1: of two tents of one percent. The nastak Compositive Index
Speaker 1: at fifty two thirty seven. I'm keeping an eye on
Speaker 1: Oil West Texas Intermediate up two point nine percent, advancing
Speaker 1: a dollar thirty four twelve right now on w t
Speaker 1: I Brent Crew just crossing fifty one dollars of barrel
Speaker 1: fifty one oh one on Brent up by two point
Speaker 1: three percent, the Tenure up five thirty seconds yield there
Speaker 1: one point five three percent, and Gold up nine fifty
Speaker 1: ounce thirteen fifty four a game there of seven tenths
Speaker 1: of one percent. T Mobile US shares there are up
Speaker 1: seven tenths of one percent now to forty six sixty nine.
Speaker 1: Team Mobile introducing a one under sixty a month unlimited
Speaker 1: wireless plan for families of four as part of what
Speaker 1: the carrier calls T Mobile one in an effort to
Speaker 1: capture more data hungry consumers, and T Mobile CEO John
Speaker 1: Ledgers spoke with Bloomberg Television this morning. Are eliminating forever
Speaker 1: data plans. We're going all in on unlimited. It's a
Speaker 1: monthly subscription to the Internet, unlimited calls, unlimited text, unlimited
Speaker 1: high speed data, unlimited video streaming at standard definition. And
Speaker 1: a family of four gets that for forty dollars a line.
Speaker 1: And frankly, you know, we are the only network that
Speaker 1: can truly handle this. So that's what this is about.
Speaker 1: And again, shares up by seven tenths of one percent
Speaker 1: to thirty two on Wall Street. Now the other stories
Speaker 1: making news. Thank you, darily from the Bloomberg newsroom. I'm
Speaker 1: Ramy in Essencio. Hillary Clinton says the nation needs to
Speaker 1: work together to quote repair the bonds of trust and
Speaker 1: respect between police officers and communities and not stoke more divisions.
Speaker 1: Clinton met today in New York with law enforcement leaders.
Speaker 1: Republican presidential nominee Donald Trump has begun reserving television airtime
Speaker 1: for the first time in the general election. Trump's campaign
Speaker 1: will spend roughly four point nine million dollars over the
Speaker 1: next ten days on ads to air in Florida, North Carolina, Ohio,
Speaker 1: and Pennsylvania. The Department of Justice has announced it plans
Speaker 1: to end the use of private prisons. We get the
Speaker 1: details from Bloomberg's Catherine Cowndry. The d o J concluded
Speaker 1: that the facilities are both less safe and less effective
Speaker 1: than prisons operated by the government, and they don't save
Speaker 1: on costs the Attorney General's Office as officials are instructed
Speaker 1: to either not renew private prison contracts or substantially reduce
Speaker 1: their scope, with the goal of ultimately ending the use
Speaker 1: of privately operated prisons altogether. All contracts will be up
Speaker 1: for renewal over the next five years. I'm Catherine Cowdery
Speaker 1: Bloomberg Radio. Twitter says it has suspended three hundred sixty
Speaker 1: thousand accounts since mid fifteen for violating its policies benning
Speaker 1: the promotion of terrorism and violent extremism. Twitter says its
Speaker 1: rate of daily suspensions is up eight percent since last year,
Speaker 1: and a former Isolip Parks commissioner and his executive secretary
Speaker 1: have pleaded guilty to dumping forty thousand tons of contaminated
Speaker 1: debris on long Island. Joseph J. Montoy Jr. And Brett
Speaker 1: Robinson were charged following the discovery of asbestos, pesticides and
Speaker 1: other material at a Brentwood Park. Global News twenty four
Speaker 1: hours a day, powered by more than twenty undred journalists
Speaker 1: and analysts in more than one twenty countries. I'm Rami
Speaker 1: and Essensio. This is Bloomberg, Charlie, and we thank you
Speaker 1: and again recapping the SMP five hundred index, advancing a
Speaker 1: point now to three, a gain there of less than
Speaker 1: one tenth of one percent. I'm Charlie Pellett and that's
Speaker 1: a Bloomberg Business flash. Now on Bloomberg Radio, we take
Speaker 1: stock of small business. Small businesses want more streamlining and
Speaker 1: less red page small businesses and they can even accept
Speaker 1: the no. But maybe there's so many people that have
Speaker 1: ideas and it has to be more than that. It
Speaker 1: had us to be making it real. Bloomberg taking stock
Speaker 1: small business in focus on Bloomberg Radio, Small Business all
Speaker 1: small business and fashion. For example, if you're looking for
Speaker 1: products from brands such as Donna, Karen Ascotta as well
Speaker 1: as Uh well a variety of other famous brands including
Speaker 1: Mark by Mark, Jacob's Well where can you go. I
Speaker 1: guess you can go to the stores, but you can
Speaker 1: also go online, but in a particular way. And here
Speaker 1: to tell us more as Victoria Cole, the chief executive
Speaker 1: of Designers on a Dime. They are based in Houston,
Speaker 1: and Victoria joins us in the studio today. Thank you
Speaker 1: very much for being here. How do you describe your
Speaker 1: website as being different than other online e commerce retail sites.
Speaker 1: Designers on a Dime is different because there are a
Speaker 1: lot of fashion e commerce companies, that's for sure. But
Speaker 1: we're different in that we have fifty three platforms around
Speaker 1: the globe where we are putting the merchandise and we
Speaker 1: rotate it approximately every thirty days to a different platform.
Speaker 1: So people actually are shopping online in various parts of
Speaker 1: the world looking at different items, and fashionist does always
Speaker 1: want to see new items. So how do you get
Speaker 1: your items? And look at the website? Oh my goodness,
Speaker 1: I just looked at shop and I just got brand names.
Speaker 1: I haven't even gotten to Designer Vintage yet. And there's
Speaker 1: a very very long list of designer type brands, you know,
Speaker 1: from load, you know load designer to very lux designer.
Speaker 1: How do you get all this stuff. Well, we have
Speaker 1: seven buyers in major metropolitan cities in the US, and
Speaker 1: we look ahead, Kathleen, at about a year and a
Speaker 1: half to two years, to know what trends are coming,
Speaker 1: and then we formulate a plan and we get our
Speaker 1: buyers to actually go out and curate all of those
Speaker 1: types of items, so we have collections available for what's
Speaker 1: coming up. You've got the accessories obviously, beauty brand names,
Speaker 1: clothing of vintage designers, shoes. How do you make sure
Speaker 1: that the condition and the quality is at a level
Speaker 1: that the customer will find acceptable. Everything comes in if
Speaker 1: it's clothing, everything gets drag cleaned in advance. Um, everything
Speaker 1: gets checked by the warehouse when it's coming in. Buttons
Speaker 1: are added if need be, and so on, zippers. Everything
Speaker 1: is really scrutinized, and we have an authenticator to authenticate
Speaker 1: designer brands. This is really critical and this is why
Speaker 1: we have such a clamoring of followers around the globe.
Speaker 1: So tell us a little bit about you. I don't
Speaker 1: know where to start. You're an angel investor. You've mentored
Speaker 1: startups and midsize companies and you've taken people the next
Speaker 1: level all of the country. You worked as general manager
Speaker 1: for quite a holding company or philanthropist. How did you
Speaker 1: get here? Man? I love fashion. I've always had a
Speaker 1: passion for fashion, and so I decided to I started
Speaker 1: out with an eed Bays store years ago, in two
Speaker 1: thousand and five, and it grew from there. So did
Speaker 1: you do your what job were you doing then? Were
Speaker 1: you doing something else and saying, oh, just for fun,
Speaker 1: I'm gonna sell stuff on my exactly? That's exactly how
Speaker 1: I start, and I think there's a lot of other
Speaker 1: people that start that way as well. Now eBay is
Speaker 1: still something that we maintain, but we're it's not one
Speaker 1: of our major I mean, we have a lot of
Speaker 1: different platforms across the US as well. How did your
Speaker 1: finance this? I financed it myself, yourself, No outside. That's
Speaker 1: privately held. And as far as the financing goes, have
Speaker 1: you gotten offers to sell the company? Not yet? Not yet?
Speaker 1: The kind of volume are you doing? Can you tell us? Well,
Speaker 1: because it's privately held, of course, we have experienced exponential
Speaker 1: growth recently, and I think it's part of that is
Speaker 1: you know, when Macy's makes their statement we're going to
Speaker 1: close a hundred stores, people pay attention and the reason
Speaker 1: they're closing a hundred stores is because people are going
Speaker 1: to shopping online. So when when you have that kind
Speaker 1: of publicity, it just fuels it even more. And people
Speaker 1: like to be able to shop in five seconds. You
Speaker 1: go on your cell phone and be in our store
Speaker 1: in five seconds literally, and purchase an item in five
Speaker 1: more seconds. So if I want to buy something, it's
Speaker 1: really easy. I can go to designers on a dime.
Speaker 1: I can see all the pictures. What if I want
Speaker 1: to sell you something, Well, it's funny you would mention that.
Speaker 1: Because we are going to start in January of next year,
Speaker 1: we're going to start a fashion road show and we
Speaker 1: are going to be going to ten major metropolitan cities,
Speaker 1: starting in California. We're going to go to l A
Speaker 1: and San Francisco first, and we are going to meet
Speaker 1: up close and personal with our clients, and we're trying
Speaker 1: to discover some holy grails, if you will, of fashion
Speaker 1: treasures that people have in their closets. I also note
Speaker 1: that on your website you put together entire outfits for people.
Speaker 1: So if you're Adultera and Gabana person, you can buy everything, shirts, skirts,
Speaker 1: flip flops. Uh is that a very popular aspect of
Speaker 1: your presentation. It is a popular part and you know
Speaker 1: we have We just did a back a school with
Speaker 1: showing Ralph Lauren fashions all under twenty five dollars and
Speaker 1: so the moms just loved that. To save money, I'm
Speaker 1: back to school fashion with Ralph Lauren. I just got
Speaker 1: ask you really quickly, how do you know what's coming next?
Speaker 1: You said, you guys start a year and app how
Speaker 1: do you know what's coming next? Victoria? We have a
Speaker 1: fashion Snopes and we have our ears on the ground
Speaker 1: in all kinds of areas all across the globe, and
Speaker 1: we know, well, it's a it's a cool site. Uh pm,
Speaker 1: I I think I might have got my appetite a
Speaker 1: little more wedded for a little online shopping. I thought
Speaker 1: you just talked yourself into it already. Victoria call, thank
Speaker 1: you so very much for joining us. Thank you so
Speaker 1: much for having me founder CEO Designers on a Dime.
Speaker 1: She's based in Houston, Texas, joining us today on taking
Speaker 1: stock in our New York studio. Check it out Designers
Speaker 1: on a dime dot com. It's pretty easy. I'm Kathleen
Speaker 1: Hayes along with PM Fox This is taking Stock on
Speaker 1: Bloomberg Radio, and of course this is Bloomberg coming up
Speaker 1: on taking Stock. The Conference Board's leading economic index ticked
Speaker 1: up again in July. Moderate economic growth. What does the
Speaker 1: future hold? We've got more details next