Support for the idea, actually, but theres approximately 5,000 airports scattered around the country. Most of them do not have a control tower. The towers are mostly in bigger cities, and, somehow, planes come and go with great safety record. Theres a long established procedure pilots used when approaching or departing an airport without a tower. P con consensus seems to be, les not waste money on staffing the towers. Maybe use the controllers at busier airports, you know, be efficient. I am just one pilot saying, go ahead, lahood thought it a threat. I think its a good idea. Melissa . Melissa thank you. Watch the tom sullivan show this weekend. Happy friday to everyone, especially, the fans in austin, texas tonight. Thanks to all of you, for the boast of you for coming on. Yeah, absolutely. Melissa have a great weekend. Willis is up next. Gerri tonight on the willis report, the most ridiculous Resignation Letter ever, the ceos words like you never heard before. Also, some colleges dont care about gpas, what they are really looking for. Is jcpenney dead . What happened to the iconic american bran, and can it rise again . The willis report is on the case. Gerri no, no, that didnt happen, just kidding. Theres no apocalypse. Despite the white house making wild doomsday predictions if the automatic spending cuts, today, the sequester is a snoozer. The house and senate are not in session today. With more on this, grover nor qis, douglas holtzeakin, and a former cbo director and steve forbes, chairman and editor in chief of forbes media, starting with you, sir. Surprise that were still here . That western civilization continues as we know it . Oh, absolutely, and i think theyve got all the apocalypse talk because if you do a small cult, we lived with it, why not do more, and so we saw in new jersey, we have a budget today with the governor, governor christie, lower than it was five years ago. The sun still comes up in the morning in new jersey, we have occasional storms, but we survive. Gerri absolutely. Grover to you. Look at it. We have the payroll tax increase for so many working americans at the beginning of the year. Isnt it only fair that the federal government goes on a bit of a diet, too . Well, one of the challenges, of course, is the federal governments been on a binge, and just beginning to bring it back, obama thinks that makes the world collapse. We could absorb a lot more budget restraint if it was done through reform in government. The republican budget, the ryan plan saves 6 trillion over the next decade. This is only 1. 2 trillion. Its done awkwardly, but the republicans have a plan to do six times more in savings by reforming government. Obamaments to cut obama wants to cut it with a meat cleaver a little. Gerri doug, its not planned reform or sought out reform. Its a mistake, and were all going to live with it, and its going to be fine, but ated at the end of the day, its not that much money. its about 2 . What do you think of it . Its much to do about nothing. Its really 2 . You hear talks of a recession. Ive done the math. If this causes a recession, the stimulus bill should have traded 6 trillion in wealth. We have not seen that. Im pretty sure were safe from recession, and the reality is, we can absorb these cuts from the federal government. They are going to be some rough edge, but by and large, were still going to have more spending than we had last year, more money than the president , himself, budgeted. Gerri to that point, take a look another the chart, cbo numbersment the Spending Continues to rise with the cuts. Keep in mind, this is not a cut in spending. When people talk about the sequester being spending cuts, its not spending cuts, but reduction in the growth of federal spending haha, i just love the story because at the end of the day, people are so confused about this, and they dont know what to make of it. Fitch and s p says its not changing the ratings here. Yes. I think the white house is beginning to realize they overplayed their hands on this thinking the republicans would cave as they have in the past x and when they didnt, they were unprepared for it, and they are scrambling to say its a long process, so if the world ends in a hundred years, its because of that sequester. Gerri right, exactly. Were supposed to get news of the president signing this by 7 in the 7 p. M. Hour, thats the expectation now, the new news, this hour, and i want to tell you, the devils in the details; right, guys . Yep. Gerri the architects of capitol hill, the architects of the capitol, thats the job title, saying theres no furloughs. If you were worried somebody else there would be laid off, you know, a maid, somebody cleaning the toilets, its not going to happen. That is the good news. Grover, to you. There was a meeting with the leadership that lasted 45 minutes. The last one lasted about seven minutes. Is there going to be a coming together ever of the two sides . Well, the republicans would like to see a smaller expenditure by the government and lower taxes. President obamas made it clear in his four years he wants higher taxes and more spending. If somebody goes west and east, its a little hard to talk about what they can agree on. Certainly, we ought to be working on regular order, the house and the senate with the president signing bills. The party here is the democrat controlled senate. Everything we hear about it is the republicans in the house passing legislation, and the president , liking it or not liking it, but theres 20 democrats up for reelection in the senate in 20 2014. They are hiding. They have not done a budget in four years. We ought to shine a light over there and see what they do with their spare time. Gerri unbelievable. Unbelievable. Its your legal obligation to come up with a budget, and you sit on your hands. I dont understand it. Listen to this statement from the president about blame. Sure. Gerri listen to this. Ill get you a comment. I put forward a plan that calls for serious spending cuts, serious entitlement reforms, goes right at the problem that is at the heart of the long term deficit problem. I offered negotiations around that kind of balanced approach, and so far, weve gotten rebuffed because of what Speaker Boehner and the republicans said is we cannot do any revenue. What more do you think i should do . Gerri its not my fault, doug. I mean, come on. My hands are clean here. Thats what the president s saying. The only balanced budget you will see will be from the house of representatives in a couple weeks to balance in the first ten years. What you see coming from the democrats is higher taxes, more spending, more debt. There couldnt be a bigger difference. The president has not put out serious entitlement reforms, but taxes. If you say heads or tails, mr. President , and he says taxes. At some point, you have to think of Something Else as a solution to problems. Going down that route is damming to the economy and does not address the budgetary pressures. Gerri steve forbes, to you, is it damaging the economy . No, its the first good news for the economy in a long time in the sense its not taking resources out of the economy. Where does the government get money . From you, either through taxing, borrowing, or printing money, another form of taxation. The president thinks taking resources from the productive people and putting it in the hands of bureaucrats. Its a little small piece of good news weve had. Gerri for the stock market, its good news. A couple very good days this week. Its like the bad wife syndrome, beating stops for awhile, oh, my goodness, this is not bad. [laughter] gerri funniest thing i heard all day. The president was just full of good statements today in the press. He said something about not being a dictator, grover, getting you to respond to that. Listen to this. I am not a dictator. Im the president , so, ultimately, if Mitch Mcconnell or john boehner say we have to go to catch a plane, i cant have secret Service Block the doorway. The fact they dont take it means that i should somehow, you know, do a jeddi mind meld. Gerri well, where are we going here, grover . The president is confused and shaken up. This sequester was his idea. I know he roughed up woodward and wishedded he had not said this, but we know it was his idea. The president thought that he signed the legislation to put this sequester into effect. He thought it up. He signed it. He did this ology instead of the reforms the house of representatives wanted. This is what he did instead of the reforms in the ryan budget in some form. He thought the republicans would recoil because defense spending would not have it, he watched too much Cable Television with a handful of republicans who would faint if they didnt get every penny, but theres just four of those people. They dont represent the modern Republican Party or the american people. Gerri well, i got to ask you guys, tonight, right here, commit yourself, do you think whats happened with the sequester here today, likely to see the president sign within the hour, is it apocalypse now, or is it apocalypse not . If not, raise your hand. I want to see you. On the record, here, come on, guys. Apocalypse not . Grover . Looks unanimous. In the apocalypse, i thought the good guys won, no . [laughter] gerri oh, all right, well, you know, grover, id expect you to come up with the detail there. Thank you so much. Great to have you here. Thank you. Gerri heres the question tonight. When it comes to the automatic spending cuts, the sequester, apocalypse now or not . Vote on the right hand side of the screen, and well share the results at the end of the nights show. Well see how you vote. A stark reminder what happens with fiscal mismanagement. Michigans governor declared a financial emergency in detroit. The citys broke, and on the brng of becoming the largest city in the country to have a state take over its finances. We talked both the issue last night, and if you missed it, renowned journalist and author, charlie, laid out in clear terms what went wrong if the motor city. A lot of things. Theres a big racial issue that we never confronted, like, the south did, anddownons took unions took a bite, management whept with it, made bad cars, japanese made the good cars, oil embargoes, trade pacts, a lot of things all at once. Dwaight comes, boom, the real estate collapses. The whole country feels the lack of manufacturing now i think. Gerri detroit was once the fifth largest city in the country, but a quarter of the population left in the last decade now ranking 18th. Sad story. Well, more to come in the hour incoming the downward spiral of the most popular retail chains in american history. Is jcpenney dead . One of the most talked about exits from a ceo ever. Next, why i think the former head of groupon sounds like a 10yearold. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, Infinite Possibilities gerri when it comes to saying goodbye, theres very memorable departures. Who could forget the fed up flight attenadapt who pull the emergency flight on the last day, even grabbing a beer before going feet first down the slide. We just had another high profile departure, not quite as dramatic, butt but the ceo of groupon was fired after a terrible earnings report. The Washington Post declared the ceo writes the best Resignation Letter ever. I actually think it was one of the worst. It sounded like something written by a 10yearold, so we have a special guest tonight to read the Resignation Letter. 10yearold actor who recently starred as Young Charlie chaplain in the Broadway Muse calg. Take it away. People of groupon, after four and a half intense and wonderful years as ceo of groupon, ive decided id like to spend more time with my family. Just kidding. I was fired today. If youre wondering why, you have not been paying attention from controversial metrics in the s1 to Material Weakness to two quarters of missing our own expectations, and the stock price thats hovers around one quarter of the listing price. The events of the last year and a half speak for themselves. As ceo, i am accountable. You are doing a Amazing Things as groupon, and you deserve the outside world to give you a second chance. Im getting in the way of that. A fresh ceo earns you that chance. The board is aligned to be beline the strategy we shared over the last few month, and ive never seen you working to the more effectively as a global company. Its time to give groupon a relief valve from the public noise. If theres one piece of wisdom at the simple pilgrim would like to impart upon you, have the courage to start with the customer. My biggest regrets are the moments that i let a lack of data override by intuition on whats best for our customers. This leadership change gives you some breathing room to break bad habits and deliver sustainable customer happiness. Dont waste the opportunity. I will miss you terribly. Love, andrew. [applause] yeah ethan, way to go. Tong. Thank you. Well done, wow. Not what you expect from a ceo of a company; right . It lacks. Others did it better like steve jobs who wrote this, i believe apples brightest and most innovative days ahead of it, and i look forward to watching and contributing to its success in a new role. That was good. Even this, the ceo of Lehman Brothers sounded like a classic guy in the resignation saying, i believe that weve worked together effectively in achieving an prompt appropriate transition accordingly. Its time for me to move on resign as chairman of the board. In the end, the ceo is entitled to severance benefits because he was terminated without cause by the board as if chopping three quarters off the share price or abandoned thousands of employees was not good reason to can the executive boy. Running a Public Company is not childs play. Investors are not chumps to find your swiss bank accounts, and employees, well they are not fellow play mates. Later in the show, we asked the lawyers is it legal for a homeless man to sue his parents for his bad lot in life . Next, an american retail constitution, and now jcpenney on life support. Can it be revived or time to pull the plug . Stay with us. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one rson over 75 of our mutual funds beat their 10year lipper average. Twe price. Invest with confidence. Quest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. I work for 47 different companies. Well, technically i work for one. That company, the United States postal service® works for thousands of home businesses. Because at usps. Com® you can pay, print and have your packages picked up for free. I can even drop off free boxes. I wear a lot of hats. Well, technically i wear one. The u. S. Postal service®, no business too small. Gerri jcpenney reporting the one of the worst quarters in retail history. Is this the end of the road for the troubled company . Find out, next. Gerri well, in what could be one of the worst quarters ever, ever in retail history, jcpenney seems to be running out of options. Where contactually did the retailer go wrong, and does it have a chance to come back . Grant, an International Sales exterritory, and the author of the only difference between success and failure, grant, welcome to the show. Good to see you. Good to see you. Gerri any way the company can come back . They made big missteps. Sure, they can come back. When they when they go back to the founding principles of jane cash penny who founded it in 1902 based on customer experience, golden rules of retail, give the customer more than expected, which is not something they pay for. That goes beyond what they came to get with the product and the price, and they completely abandon those concepts. When they get back to that, they have a chance of bringing back Customer Loyalty. Gerri look, the report was sales down 28. 4 . Boom. I mean, that is bad. I mean, brutal. Gerri terrible. Yeah. In a time we have an economy there appears to be recovering and other retail environments succeeding, automobile dealers doing great, macys improving, radio shack doing well, and jcpenney, a Great American brand is suffering, why . Its interesting. Gerri screwed up. Yeah, well, penny used to say he believed it was criminal, a crime not to sell the customer. When you go to a jcpenney today, youre lucky to get greeted. You wont be acknowledged much less sold anything. Gerri gear they are not about that. We went to the street to ask new yorkers what they thought when they heard the name jcpenney. This is what they thought. Jcpenney, cheap clothes. Not happy with it anymore. Change. Too much change. We want the coupons and sales back. Okay . Like she said, cheap, just a cheap undertone now. I dont its sad. I dont shop at jcpenney. Apple computer. Company clothes. Jcpenney . Gerri shes a gucci girl. Ill explain something out of that. The fellow who said apple, referring to the fact that ron johnson was running the company, developed the apple store, highly successful Apple Store Concept everybody loves. It doesnt feel like a store, but a High End Hotel lobby or something. Why cant he make that translate . Whats the disconnect between developing the most successful retail format of the last 50 years, and whats going on right now in a Jcpenney Store in any city in the country . Yeah. Because the answer is a piece of new technology is different than the interest in a hanestshirt, you know . The price drives people to apparel. It doesnt close the transaction, and technology, the gimmick of technology, the interest in new technology, is what drives traffic so when johnson came in and went to the everyday pricing, its a nice gimmick, but the reality is, you know, youve abandoned 80 years of consumers getting being familiar with coupons and immediate sales and discount opportunities, which was driving the traffic. Now, jcpenney needs to figure out tow ho take the out how to make the sec and third sale. Gerri what do you do . Bring back sales, okay, but what else . Hire company, like myself, come in to turn that company around. Seriously gerri thats shameless. They would turn it into a sales environment and say, look, were here to make a sale. We cannot create Customer Loyalty without assisting a client. Develop a Customized Training Program for the groups of jcp or jcpenney, whatever they call themselves, have from the front door, a greeting to the department to the Cash Register all the way to followup, and stay with the customer and create a Customer Loyalty experience that people want to pay for. Gerri if they had sales, people would be back. People want sales. Grant, good to have you here, good to see you, mister. Thanks for being with us to explain this really sad story. Thank you. Thank you, gerri. Gerri coming up, are colleges changing their criteria for admission . A story every parent should hear. Next, we ask is it legal, a homeless man suing his parents saying his bad luck in life is because his parents didnt love him enough. Yeah, stay with us. Everyones retirement dream is different; how we get there is not. Were americans. We work. We plan. Ameriprise advisors can help you like theyve helped millions of others. To help you retire your way, with confidence. Thats what ameripre financial does. Thats what they can do with you. Lets get to work. Ameriprise financial. More within reach. You know it can be hard to lbreathe, and how that feels. Lets get to work. Copd includes chronic bronchis and emphysema. Spiriva helps control my copd symptoms by keeping my airways open for 24 hours. Plus, it reduces copd flareups. Spiriva is the only oncedaily inhaled copd maintenance treatment that does both. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, yourhroat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd spiriva helps me breathe better. blowing sou sask your doctor about spiriva. Gerri time to update a big consumer story weve been following, and it concerns the fuel economy of cars. The epa wants to make sure they advertise miles of hybrids, matches what you get in the real world. Now, the move comes after Consumer Reports this year said the advertised mileage on hybrids are not realistic. Mileage testing is done by auto makers, and the government just signs off on the results, but critics of that process say the numbers dont reflect actual driving habits. When they do, the results are typically much lower. In news tonight, a state Department Report gives new me men tum to the building of the Keystone Pipeline saying the project poses no threat to the environment. The study is intended to guide the obama administrations final decision on the issue. Could be good news. The report was welcomed by backers of the pipeline. No word yet when the white house makes a final decision. Could be by the end of the month. Well certainly cover that for you. Well, on to a legal case youre going to love. Parents get blamed for about everything these days, but a homeless man in new york is taking familys strife to a new level. 32yearold aspiring rapper, bernard bay, slams parents with a 200,000 lawsuit because, get this, says they didnt give him enough love. Joining us an tern and fox business analyst, leis. This story is crazy. Does he have a case in absolutely not. Once dwrowr a youre a man of age, 18, youre gone, its over. To come back at age 32, asking, gerri, i want you parents to mortgage your house to the tune of 200,000 so, what . So i can buy a couple franchises, dominos pizza. Do they all spend the night . Gerri you disagree, why . It sounds crazy, and he probably is crazy, mentally ill. Hes trying to get his familys attention. He said he would drop the suit if they invited him to dinnerment the parents are responsible to provide for him at 32, but, clearly, he received abuse, gone through a lot, and hes trying to get the parents attention. Maybe this is the only way to do it. Gerri wait, getting okay, so should this be in the criminal court system . No. Im embarrassed a lawyer took this because, you know, got into the system gerri i think we earlier established [talking over each other] anything can happen, mcdonalds coffee, did anyone think a Million Dollars came from that . Lets not cut everything off this way. His parents live in the projects, no money, no ones going to get anything even if he did sue. Its, you know, a mentally ill child that should have had help a long time ago. What are they waiting on . Hes now a burden on society. Gerri heres the question. Who pays for this . Where is the money coming from for this . Hes in the court of law, got an attorney the lawyer doing it himself, i doubt legal aid would. Typed it up himself. On a contingency basis. I think they got this filed, they are just hoping they wont get 200, but 20,000something like that. Gerri would settle for 500 . I think so. Can you imagine being in that household for dinner . Gerri the mother says shes frightened of her son. Did you read that . Well, yeah, again, another, you know, big sign. Maybe you should have gotten him help as a child. Hes mentally ill. Come on. At what point what about when he was 12 and 5 . They just dont happen when youre 32. Oh, i dont know. Gerri take responsibility for yourself, though . Heres the problem with that rationale. A slippery slope argument that any time then, if this goes forward, any time a parent missed a school play or didnt wipe a nose properly or forgot the homework or didnt pack a lunch, you can get sued when your child is 32 . Thats where we are going with this. Im not saying youll prevail, dont get me wrong, but you can. With this topic, its clear this man is mentally ill. They should have taken care of it a long time ago as a child, and maybe now he would not be homeless living off the state. They have a responsibility. Public dollars wasted. This is what the judge should do throw this out. Gerri okay. We settled this one. I think this is done. Youre 32 on your own, buddy. Yep. Gerri thanks for coming on, great conversation, appreciate both sides of that. How to make your port portfolio sparkle. Talking about diamonds, my friend. Stick of pushing kids to get good grades in school . Turns out, they may not need straight as to get into the best schools. Im not kidding. Ill tell you all about it next. Aw this is tragic man, investors just like you could lose tens of thousands of dollars on their 401 k to hidden fees. Thankfully etrade has low cost investments and no hidden fees. But, you know, if youre still bent on blowing this fat stacof cash, thers a couple of ways you could do it. Or just goo etrade and save it. Boom. Gerri well, its a number High Schoolers and parents think about most applying for college, their gpas, but now the nations most competitive institutions bareey even look at it, meaningless according to the admissions dean at the university of virginia, and the Top Private College in the princeton review, its admissions dean says the scores are artificial. Do students believe that . We have cat cohen, ceo and founder of ivy wise. Welcome to the show. Should kids stop paying attention to the gpas . Pay attention to their grades and not so much that average number because grades are predictive of how a student performs in college. Grades and rigorousness of courses is what a college looks for. Gerri what you say is that the average really doesnt tell Admissions Officers enough about your career in high school; right . What is it they are looking for when they are looking at grades . Well so the average, if i tell you a student is a 3. 7, we dont know what the students strengths are, the math science kid, mew manties kids, and when we hear that gpa, is a weighted or unweighted. High schools weight gpas, so an advanced placement class, they give that an extra point. Sometimes, high schools give an extra point, sometimes they give just a fraction of a point. Its hard to understand what that gpa really means. Gerri the number itself doesnt tell a lot. The Admissions Officers look at the grades over the course of your high school experience; right . They look at where you excelled, where you did well out, there could be a change overtime and grades got better as years went op. Right. A student with a 3. 5, that doesnt tell you if they started a 3. 0 and ended at the 4. 0, looks great, working harder, or is it the reverse. Also, whats included in the gpa in terms of courses . Are they conning physical education . Some high schools do that. That can inflate the gpa. Its not accurate. Gerri reason it brings it down. Lets talk about what colleges look for. Rigor . I have no idea what that means. To see if students take the most advanced courses they are eligible for. If your high school offers advanced placement classes or honors classes, do you take advantage of the curriculum . Gerri doing the hard stuff, you get rewarded for that by the Admissions Officers . Exactly. Gerri grades are important and considered. Standardized test scores. Okay, i know people taking sates now, take it once, not twice, once, over and over again, getting the good grades. Whats the grade you need and what are officers looking for in the grades . Generally, looking to see your standardized test scores match your grades. You dont want to see is, you know, a straight a student with very low standardized test scores because maybe that means their high school is, you know, inflating the grades, and you dont want to see the opposite either. You dont want to see super high test scores and low grades because the student could look lazy in the classroom. You generally want to see they are the same. Gerri whats interesting in the list is extracurricular activities. Whats going on, especially with the ivies, the better schools in the country, they are looking for kids showing leadership at a young age, all kinds of ways to do that, but they want an extensive extracurricular background. Looking to see how students impact through their interests, and not doing 50 things, but looking at students who choose a few things, dive into it, and do them well. Gerri all right. Demonstrated interests. Whats that . Thats so important. So many students forget about this. Show the college that youre interested in attending the school. Maybe you go and visit the school or maybe theres an event going on gerri that makes a difference . It does. It does. Theres an event going on gerri wear a tshirt with the schools logo on it, and youre in . Well, unless they see you. Theres a lot of ways you can sthoa a college youre interested. Gerri cat, thanks for coming on today. Great stuff. Thank you. Gerri on this day in business history, one the early sensations of the interpret age, yahoo, founded way back in 1995, serving 700 million people, its the second most visited site after google. Widely known for online news, sports, and finance, yahoo reach the the peak closing share price of almost 119 in 2000, and had a market cap of 63 billion. Today, the shares closed at around 22, a market cap of 25 billion. They were incorporated today, march 1st, 18 years ago. Can you believe that . I cant believe that. Well, still to come, being too plugged in happens, and up next, going in fashion with a look at a girls best friend. You wont want to miss this. A 50 million diamond collection. No kidding. Are they Good Investments . They are forever, you know. Shes stl the one for you you know it even after all these years. But your erectile dysfunction you know,that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longtermnjury, seek immediate medical help for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Gerri want to put sparkle in the portfolio . Coming up, in Fashion Shows you how to invest in rare color diamonds. Details in two minutes. Gerri in fashion tonight, putting glits into investments with extraordinary diamonds. In particular, color diamonds, which have grown in popularity over the recent years. Joining me now with an exclusive look at a 50 million diamond collectionings brought it right here, is lisa kline, executive Vice President of one of the lanchest diamond manufacturers in the world. Lisa, welcome to the show. Great to have you here. Great to be here, thank you. Gerri this is my first introduction to colored diamonds, but they are incredibly popular. Why are they colored, yellow, pink, blue . So, simply put, color is determined by the chemical components that are found in the mines where these diamonds are mined, so, for example gerri in the earth . In the dirt and actual earth blends itself to a specific color. Gerri what do you like best here . Oh, thats a trick question. For me, personally, i love this two karot vivid blue ring. Theres a chemical component that makes the blue diamond have a blue hue, and boron is found in the mines where blue dimes are found. Its interesting. Theres a very strong scientific component. Gerri the setting is unusual. Its a flower and its charming. It is. We have an inhouse team of designers and jewelers, and every pair of stones or collection of stoned received, we sit down with the team, and we really let the diamond do the talking, so gerri let the diamond talk. Yes, they talk to us. Gerri you got it right. Your diamond whisperers. Thats what you are. Whats interesting is you have pink, blue, yellow, and, apparently, this is what investors clammo for now, why . The reason they are interested in the stones is because they are incredibly, incredibly rare. Colored diamonds over the past few years have become increasingly rare. Gerri the piping one, oh, my lord, its gorgeous. Youd say pink sapphire, but its not. Exactly. Thats what people like about colored diamonds because they are somehow less conspicuous than something thats big and obvious. Gerri you dont think this is con speckous, but its amazing and beautiful. Its pink. How are they pink . Whats fascinating about pink diamonds and red diamonds for that matter is that theres no known chemical component so its really due to a structural anomaly within the stone that happens in the earth, and gerri comes out like this . Like that, and cut and polished by the master craftsman. Gerri im transfixed. You decked me out here too. Ive never seen so many diamonds in one place. This is a diamond tie. Look at this. Just beautiful. I cant imagine how much this costs. Quite a few Million Dollars right there around your neck. Gerri i have a cuff on, a beautiful diamond bracelet on as well. Thats a few hundred thousands dollars. This neckless, 300karots of indictments alone, 800 stones, spent a year and a half collecting each and every win of the stopes, and nine months crafting it into what we like to call, like you said, a diamond tie. Gerri unbelievably beautiful. You collect the diamonds, working with collectors. How do investors pick the right piece . What are they looking for . First, you want to know who you are buying your diamonds from. Now, in terms of colored diamonds gerri thought you said who to buy them for. Thats also true. It is true. Thats a trick question too. With colored diamonds, you want to look for stones with the greatest color saturation in the stone so really, really strong, powerful colors. Gerri as we saw. Now, looking at dimes not colored, what do you look for . These are absolutely phenomenal. Youre looking for the exact opposite. You want colorless, def color and flawless or near flawless in terms of clarity. Gerri so gorgeous. You have to wonder if they are real they have so perfect, but they are. They are. Gerri a lot of diamonds today. Is the market growing . What appreciation can i expect from the class . So i can tell you that over the past hundred years, diamonds have only appreciated in value. Over the past decade, the average diamond has appreciated 15 per year on average. Gerri 15 per year. No doubt about it, you beat the market with that one, my friend. I mean, stocks did well last year, but not that well. Exactly. What we do is far from average. These stones, the top tier of colored diamonds and white diamonds, they appreciated 100 . Thats being conservative. In most cases, stones appreciated almost 200 in value. Gerri im imagining myself putting this in my house somewhere. Should i keep it under lock and key . How do you care for the stones . Wear itment i think thats one of the nicest things about investing in diamonds is that its not only an investment that you keep locked up in a portfolio or in a vault, but its something with a sentimental element that you can wear, enjoy, that you put on and you feel absolutely beautiful. Gerri they are gorgeous. Thank you for coming in tonight. I love the diamonds. Absolutely gorgeous. Appreciate you bringing them in. Thank you gerri youll notice if i walk away with this, wont you . Oh, yes, i will. Gerri thank you so much. Thank you. Gerri great stuffer. The most expensive diamonds in the world, number five, the diamond worth 100 million. This has nearly 274karots and internally and externally flawless giving it the highest grade for a color less gem. Number four, host diamond worth 350 million, the largest blue diamond in the world worth more than 45 karots on displayed at the smithsonian, which is rumored to be cursed. The culinary diamond worth 400 million discovered in south africa in 1905, the largest rough gem famed. Its more than 3100. The fancy diamond, pear shaped Yellow Diamond said to be priceless. It is 55karots discovered in india in the 15th century, and the number one most expensive diamond is this mountain of light incursion, and it certainly is, considered priceless and 105 karots. This was discovered in india, but its older, from the 14th century. Its currently owned by the British Royal family. Beautiful well be right back with my two cents more and answer to the question of the day. When it comes to automatic spending cuts, is it apocalypse now or apocalypse not