announcer: business news from the capital region. this is "washington business report" with abc 7 national correspondent rebecca a cooper. [captioning performed by the national captionininstitute, which is resesponsible for its caption content and accuracy. visit ncicaprg] rebecca: welcome to "washington business report." thanks for joining us for a first look at bubusiness and finanance and how it affects you. this week felt like it wld be a bleak weekek for your llet. janet yellen said stocks are overvalued. several tech stocks like twitter and yelp took big guys. the week ended on note, a reason for optimism. we will tatalk about that in the rounable. it is commencement time. we havave valule tips on the do's and don'ts when itit comes to hiring new graduates. but first, it isis mother's day.

you ght be temedo takeer simply at face value o on e fact she is the glamorous mom on t plplaygroundnd. don't be fooled, susanna quinn is the crereator oa new app calls e >> generating bigig numbs -- the >> -- veluxe generatiting big numbers. weat down with this workg mom to find out how she turned her concept into a business making money and making waves. susanna quinn, welcome to "washington business report." you have been a big name in washington for many years. now you are getting attention for a new reason, a startup called vluxe. what is it? susanna:t is fitness and beauty services delivered to your home at market price. rebecca: you were literally on the playground thinking about what busy moms needed and came up with this idea. a lot of us have good ideas but

we never create a business. talk to us about this started because it is the perfect example of an agreement -- organic startup. when did the idea come to you? susanna: my husband says i am a problem solver. i built a real estate biness to support my daughter when i was a single mom. years later, my husband said you should sta ather business. i said i don't sew or invent. what kind of business? he said you are a problem solver. solve a problem. i did not have enough time to get the things done i needed to do to be healthy and look and feel good. i started bringing providers into my home. rebecca: the reason you are so well known in washington is your husband was ite house counsel. he does still run one of the biggest firms in washington. you have been a corporate wife with that as a full-time job since you left real estate and a busy mom. yoyou were having to go to events

in washington as a job. the hair and makeup were almost part of your work. susanna: i can see why men and women need this. it feels like a luxury but can be a good service. how do you cvince them this is something they need rather than an app for the 1%? susanna: vuxe is for pele already y getting the services. i am making it faster r and easier and cheaper for them to do it. for example there are people who only get blowdry for a special occasion or only have a yoga lesson once in a while. but the fitnesand beauty industry is a billion dollar industry. there are plenty of people already getting these services. veluxe is making it easier for them. and we are priced at m market price. rebecca: the prices are rereally accessible. as soon as you told me the idea, i knew it was a brilliant idea.

as someone who covers the world of startups, it seemed overwhelming because so many startups fail even with good ideas. it seemed overwhelming to think you could actutually bring it to market. susanna: it is overwhelming. there is nothing a about it that is not overwhelming. even when i am looking at spreadsheets or dedealing with contcts, it is fun because i'm passionate about it. it is a great idea people love it. the clients and service providers love it. my fitness and beauty experts you take a woman in the salon she may or may not have work, hoax for commission and tips. at veluxe she's making twice the money and creating her own schedule. i have single moms who can pick upheir kids at school. it is terrific. rebecca: you have had great success in business before. but you knew nothing about the world of app

how did you leaearn all you did not know to get to where you are? susanna: it starts with a good network. i have a great network. i was able to reach out to people and tell them what i was interested in doing. they connected me to people that helped me learn what i needed to learn. i reached t to a politician and he introduced me to entrepreneurs who introduced me toy app developer. in four clicks, someone shows up to do your hair and makeup. for every click, there are decisions to be made. we went over all the choices to create a workable product and great interface people love to use. rebecca: youou are very specific about what you want. you had no hesitation. you seemed to have no hesitation telling the person how you wanted it done differently. what does that take? it takes confidence. susanna: my developer and i

thought a lot. he was right the majority of the time. rebecca: you still say don't hesitate to put your opinion in? susanna: building an app is more complicated than people r realize becau have to have iges. you have to have a designer who presents you with images. i did not like his so i i shot my own. rebecca: in the midst of thinking about the other things you wanted to include your included one of your favorite charities. susanna: i thought this was a great opportunity to donate to the hungry campaign. every time you get your makeup done your helping connect a hungry child in america to a meal. i think it is important to hav a corporatate culture of generosity. even my service providers, in makes them happy knowing by ing personal training they are making a donation to charity by doing their own work. rebecca: solving problems, susanna quinn.

congratulations on the successful launch and siness. thanks for joining us on "washington busineness report." rerebecca: c coming up, our nex guest says college grads are i for a rude awakening. they arere going to hahave to checkk their egos athe door. ththe cold, hard facts about recruitment t when we return.

tt2wúthy@g$0 bt@qoód tt2wúthy@g$0 "a@qós tt2wúthy@g$0 bm@qtx, tt4wúthy@g$0" dztq 3mp tt4wúthy@g$0" entq ci0

tt4wúthy@g$0" gzt& znh tt4wúthy@g$0" hnt& j@$ tt4wúthy@g$0" iztq )é tt4wúthy@g$0" jntq 2y< tt4wúthy@g$0" lzt& á4@ rebecca: welcome back. it is may. net means college graduates are mong into the job market. hey are moving from a closed environment t to a corporate enviroent where they know very little. they are movoving from comfofort and security to shiftnto

authority, strategy, and a need to prove theirir worth. this week, we are joined by marissa levin, c.e.o. of successful culture. you say some studentnts have to check their egos a at thdoor if they want to succeed. you can't ma many mistakes when y are a small business. that is why we wanted this for the small business spotlight. these are good tips for an company and gradaduate. you have a list of advtages and disadvantages for the coany to think about. we wilpost a a link on our website. what is the vantage or disadvantage when thinking about hing a colle graduate? marissa: you have someone who has great energy, no cynicism, ey had not been burned. you can mold them the way you want to hold them. ththey don't ne to unlearn a culture. rerebecca: a c clean slate someonone who can be taught your company culture. disadvantage? marissa: they will need a lot of micromanagement and handholding.

you cannot throw them to the wilson expect them to perform. they have no experience.e. the need to have a very structured trainining program in place to set them up for susuccess. rebecca: even the best will still not know the way you wanant it done. be prepared to invest time with them. marissa: they will be costingg the company money before they make the cpany money. if you can absorb it, do it if you can't, you got to be reful. rebecca: l's get to advice for college graduates you say toto have an openind. it is easysy to have a preconceived notion about what you want the firirst job to be. marissa: they are coming from a very closed environme where they have ideas about who th should talk with, t typeses of peoplele they should hang around with, what they should be doing with their time. they are going into the workforce. they have so much they can learn. but they have to be humble and observt, and they ha to listen more than they speak. go in with an openen mind. rebecca: you hear so many people

belong -- bemoan that kids think you can hand them the news. my first jobob at nbc news was cleaning toilets. i product that because i want to show people -- i am proud of that because i want to show people i willing to do erythihing. you told the kidto be willing to do everything. marissa: l leave the ego at the or. if you do that and come in w with an open mi, yowill learno much. rebecca: talk about the humility. marissa: these kids need t to come and undstand they are at the bottom. they are not entitled to anything. they have come in with humility. rebecca: lea to listen. i think one reason hiller -- llary clinton won kudos in the senate because republicans and democrats said s she is listening and not talking. follow that model? marissa: absololutely.

you have twowo ears and one mouth. use them in that proportion. rebecca: embrace the office culture. you say y is a good one. you lost your r mom ththis past ar. it is mother's day weekend. i asked the best advice your mother gave you. marissa: don't let anyone else ever determine your work. know what you are worth and ask for i it. hing recently that said when younow you're on lf-worth, your net worth goes up. rebecccca: it is easy for us to say statay humble andnd be open to other things, and then flip t to demand your worth. a: if your entry level, be realistic about at you're woworth is. recca: as you move up in the company, don't be afraid to say have performed at this level. you had too thatat with your boss. you had to form your own company. it worked ouout. marissa: there are things people

can do to figure out there worth. ere are places you can go.o. you can sesee what people are playing -- paying any education based on your experience and region. stay on toof wt you u are worth. but don't demand more than you are worth becauseveryone has a baseline and a cap. rebecca: good advice from marissssa:'s mom. thanks for joining us. what is next for congress and the candidates on the economy and more? stay with us.

becc welelcome back.

from tech stocks losinsteam m to the job market picking upp steamam there are lots of heheadlines to get to this week. werought in two people who know what they are talking a about when it comes to the enomy. brn coester is the founder of coestervms and steven overly is the technhnology policy rerter at the "washington post.t." brian, i want to start with you. we saw good job numbers this week. that is what has been holding back the housing market, thehe factct that people are not still fully confint thahat what job they h have they will keep. how does the housing market look now that april i is loing betterer? brian:he housing market is stududy. there are e a lot of things have to work tough. jobs hav helped. there haveve been about 45,000 jobs created related to e housin industry this year. it will not be a blockster herehat eveveryone mig expect. rebecca: it ses peoplare

still leang towaward bing houses already othe market new home building some -- still seems to bstagnant. brian: new constructioion is doing ok, not great. a lot of the issues are around legislation regarding fifinancing. stududent debt is a big issue. there is a demand. there are policy issues that need to help with. rebecca: let's talk about that because the presidential candidates are talkiking about these issues. are new editorials about bill clinton's housing policy, critics saying hillary clinton should have to explain. they say it is bill clinton's fault the bubble burst because he was pushing mortgages and low income neighborhoods. what is your take on housing policy in the president to raise? -- presidential race? brian: bill clinton had a way of reaching across the aisle. that created issues for the housing market. right now, housing is up for grabs when it comes to presidential candidates. it represents 1/5 othe oss

domestic product. it needs work. becca: does anyonene have e good ideas s and solions? brian: no one has touchehed on it yet. i thinwe a in the soundndbite era. rebecca: steven overly, i want to turn to yoyou beuse wewe are looking ahead toee what congress will do next. they he been tackling the iranian nuclear deal. a lot of peoplthink trade policy may be the issue up next. it is interesesting t to see e how that has shifted w when itit comes to jobs and the economy. democratats used to be counted o to ve against new tradeacts. republicans always pushing againstt. carlfiorina on the republican sidee are seeing them changiging policies and y not so st with a trade deal. we has seen demoats bracining it. tell us what is going on on the hill it comes to trade popolicy jobs, and who is aligning where. steven: it is a tossup in some

wa. publicans have beenn pushing for tra protion authority givi obama the ability to cucut deals, percent -- particularly in the pacific. that is still the case. mitch mcconnell said that is what he wants to take up next. rebea: so don't believe the headlights when they say tea party aivists and candidates may be a sticking point? steven: i think there wilill always be a ststicking point. that is the way washingtgton works. the qution comes to jobsbs. therere could be feared jobs will be shipped overseas as w we have seen in ththe past. thmore thatolks can to high jobso it, the more sway they might get. rebecca: is th why democrats are coming on n board? we are seeing democrats shift on this. unions are against it. sten: there is push from the tech industry. there are her industries as well who are bind this, whoho

see a lot of opportunity in the pacific. unions have still been a against it. democrats have this push and pull.. where they ultimately ll, we will havto see. rebecca: to be continued. last week, we focused d on what happened in ltimorore. i spent a lot of t time on the corner. 12 drurugstores have been shut down. those ar jobs.s. beyondnd that, jobs in the inner-city, you say it is time r companies to get bac to me about what you are doing for fost kids. i alwayfelt like companies hahave the responsibility anand privilege to invest in their communities. we took on foster children. we have an organization owned by the company called comfort caseses which helps foster kids with the essentials they don't typically get from cities or government. rebecca: what is in it f you?

you ill have to o think about the e bottom line as c.e.o. >> you still have a responsibility to t back to the community. you can make a profit. you can both. rerebecca: i'm going to save tech stocks for after the break.

tt2wúthy@g$0 bt@qoód ttúthy@g$0 "a@qós tt2wúthy@g$0 bm@qtx, tt4wúthy@g$0" dztq 3mp tt4wúthy@g$0" entq ci0 tt4wúthy@g$0" gzt& znh tt4wúthy@g$0" hnt& j@$ tt4wúthy@g$0" iztq )é tt4wúthy@g$0" jntq 2y< tt4wúthy@g$0" lzt& á4@

rebecca: welcome back.k. it has been a tough couple of weeks for some highflying tech stocks liktwitter and others. some losing as much as 20% of ththeir value the last few weeks. for our pop quiz, were back with brian coester and steteven overlyly. i want t to ask you both. a lot of n naysayers saying these stocksks were e always overvalued. the companies hahave never figured out how to fully monetizize th reach they h have. yelp says it may be interested in teaming up th someone to buy them out.. brian, you have a highflying tech company. you are listed as one of the top 100 0 companies in theation. what is your takon tech? wiwill ty regain their value or ishis a wake-up call? brian: a a lot of times, investors wake up and say what are we getting on a return?

the stocks are not issuing dividends. the revenunue mols are not sustainable e longerm. they wake up. i don't think it is going to be something where they go back the height of a lot of f tech companies that could monetize. rebecc would you buy or sell with stocks sing value? brian: i d don't own anyny tech stocks at all. rebecca: you are reporter. you cover tetech compani. u have seen local l technology compies that have made it and many others that don't. whatat is your te on tech stocks that are hting now? steven: i thinknk it is important not to look at tech as a monolithicic industry. you have some tech companies doing well that have performed strongly over time. others ebbbb and flow. at the end of the day, one of the most valuable assets they have is ththeir u user reach. ththat does nogo away. becca: they have to figureut hohow to monetize it.. our momost valuable asseis what we are celebrating this weekend, oumoms.

what is the bebest advice she ga you?u? brn: she w would always say u can pretend to care but you cacannot pretend to be there so you haveve always got to show up and kekeep ming on. th transcended into o work and everything. steven: she tght me the value of hard workrk. she went back to s school while raising ree kids. i could not love her morore. rebecca: charlototte cooper, you ught me just about everything i know. i appreciatete it. hahappy mother's day. thanks for joining us on this week's "washington busiss report now a look at ththe momoms who o make it happen behind the s show. that is coming up next on the fufull-screen.

tt2wúthy@g$0 bt@qoód tt2w2wúthy@g$0 "a@qós tt2wúthy@g$0 bm@qtx, tt4wúthy@g$0" dztq 3mp tt4wúthy@g$0" entq ci0 tt4wúthy@g$0" gzt& znh tt4wúthy@g$0" hnt& j@$ tt4wúthy@g$0" iztq )é tt4wúthy@g$0" jntq 2y< tt4wúthy@g$0" lzt& á4@

morris: this week on "g"government matters" -- >> we want to make sure that we offer the biggest opportunity for competition. morris: what exexactly is firstnet seekeking to acquire? >> the functional center is basically things like counterterrorism counterintelligee, weapons collaboration. morris: the cia made its mark in covert operations. now it will try its hand in the digital round. >> the success of the university of maryland rtnership let us to start looking at other institutions across the country that may also be able to serve the federal workforce. morris: opm just announce another education alliance. "government matters" starts right now. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> from abc 7 and news channel 8, this is