we have former ceo of office depot and autozone. he is ceo of economic, i'm sorry of the committee for economic development. thank you so much for joining us. what do you think of what you just heard? >> first of all, i think it is important these kind of decisions on minimum wage and other economic issues are decided at the local level. and so, i'm pleased it is governor and mayor are dealing with what they know best. you know, we're against of course having the federal government do this where they peanut butter amin mum wage across the country where there are different labor standards and different issues. having said that on the other hand, we're worried that the minimum wage is being raised and that is hurting very people that they're trying to help. melissa: so she made some really specific arguments. we talked abo large resort owner who said that they're going to cut hours and cut benefits as a result of this going up. her response is basically, good luck to them. they're adding beds. i would like to see them cut hours. they

. >>> autozone hitting new highs, above the $507 market. >>> markets try to recover from last week'sigh net worth individuals put their money? welcome. >> thank you very much. >> you've described yourself ace financial quarterback. do you work with actual quarterbacks? as well, your clients include entrepreneurs, silicon valley types, athletes, by chance? >> our clients are not -- we don't have athletes. we work primarily with corporate executives, physicians, and social entrepreneurs, silicon valley. >> were you getting phone calls from people saying, what happens going on? do i need to be worried about investments here. >> we are not focused on the short term. for a lot of them, we are -- trying to take the stress out of their lives and for investors the stress is not having a plan, not having what a goal should be their goals and layering what the markets are on top of it. clients in general, when we talk about equity portfolios, tend to be longer term in nature. our job is to take the stress levels out from them. >> you must have done a good job if no one's freaked out. i wonder