tv MONEY With Melissa Francis FOX Business October 20, 2012 12:00am-1:00am EDT
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anyone who caninally hang up on the cls for good. can it actually be dne? even when they say it's not it is always about money melissa: so here are the day' market headlines brutal end to the week f stocks. flurry of grim earnings reports sent the bulls fleeing for the exits. the major indices posting their worst day in near four months the dow plummeting05 points. 2,000 would be a lot. we'll have more on this in fewoments. gold prices also losing thr shmer in today's selloff the precious meta fell more tan $20, settling at 1724 anunce. september existing hme sales fell from a two-year gh. the 1.7% decline was in line with estimates. existing home price however rose 11. that is the biggest year on
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year gain since november of 2005. our top story tonight, a huge market selloff today. i have just told you the dow closedown 205 poinnd to make it even scarier, day is the 2h anniversary oflack monday when the new york stock exchange lost 22.6% of its value in just a single day. to make sense of it all is spencer patton from steel vine instments. great to have you back on the show. whato u think drove t selloftoday? i have heard a lot of theories about it. what's yours? >> yeah, thanks for having me on. i think is the very front edge of the market beginning to price in the fiscal cliff at the end of the year. market has really not priced in the fact th politicians are coming closer and closer to just flat-out saying this will not get solved by ar-end. taxes on dividen will go from5% u to 40. you're going to see capital gains go from 15% in the mid 20s. there is just no reason if you have good gains, which a
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lot ofeople do in the market at this point, to just goahead d sell when the market is just 5% from all-time highs. melissa: cerinly that's a factor but earnings have been a disaster. we wereort of expecting that. >> yes. melissa: they have been even more bleak than a lotf people thought. we have mcdonald, we have chipolte both making it look ke there is a global slowdown and techaking it look really bad. people think tech is the canary in the coal me. what do you think? >> earnings have definitely been a disappointmen and one thing analysts and investors han't taken into account the impact of currency on these quters. the u.s. dollar has been stroer during this quarter and europe being weaker and with technology companies having a more gbal exposure that took a al chunk out of earnings more than peop expected that is hitting margins in unexpected way when everybody was hoping things wouljust hold in there they're really disanting in b way. you're seeing stocks fal enormo peentages quickly. melissa: do you think these earnings are telling us abousomething that already
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nt by or are they looking into the future and srt of tellg us the's a glol slowdown coming? that is what really makes me nervous. >> yeah, if it was ju o quarter you could s maybe this was a little bit of an aberration but wre really starting to see a trend of progressive quarters starting to get slower and slower. seeing that out of china, economic growth quarter after qrter, month after month has been on the decline and the pattern is not going in the right direction. it going from the top left to the lower right when it mes to growth. that's not what you want to see. plus you have the market going in opposite way the markets 5% from all-time highs. everybody is scratchin theihead. th is correction that really makes sense. we could have more to go here. its is something to be an eye on. there is nothing really mpelling. >> set me up for monday. does the market go down further or does it recov next wee >> monday is a great stat. 20 of the past 22 monday have been down.
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i don't see any reason why to step in front this will be different, this time is different. i would let mond gap down. probably will be down. i don't think it will be massivor anything like that but i couldee the rket gapping down a little bit, maybe havg a rough monday and turnaround tuday. where i look to start nibbling a little bit in the mark because it will no-go in a straight line down. melissa: spencer, thanks so much. it was a tough day. ad weeke. >> thank you so much. you too. melissa: so today ended the two-day european summit meeting in brussels which also played a part in the market selloff. the e.u. leaders, particularly germany's angela merl agreed to appoint a supervisor that will directly control national budgets of member cotries. i don't know about that, but the position won't beup and running until next year. how is that helping the countries that need money nowike spain and greece? with m is professor charles lipscomb from the universi of chicago. professor, thanks very much for joing us. tell us what you think of
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this latest development. a step in the right direction? >> there were several positive developments but e main way i see a of this is what i would call a cry an sigh phenomon. thers a lot of cying, yells for help prr the summits andhen there a bit of a sigh of relief that they reach at least modete agement dung the summit itself. these, however are long-term problems. e agreement that they basically reached w that they will set up a banki supervisor, something that they had agreed to in the, in the summer but they have now moving forward it will, the process will start early nextear. but there were two different, the were, there were disent grews between germany and france especially on the terms of this bargain. melissa: yes. but theupervisor of this whole euzonend they're going to un things past this person? sounds like too much operation for me.
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does this sound realistic to you? >> they y have not agreed to full budget cooperation. melissa: yeah. >> the banking supervisor will supervise 6,000 banks within europe. the ideahere is to be able to recapitalize these banks without ving to lend mney to the countries. that's the key point there, they don't want to make the country's balanceheets look even worse. the problem is how much authority will this banking supervisor have? what will you do with the bad assets thatare already in those banks? but there's also a domestic potical problem for angela merkel. merkel aces an tion next autn. she's being, sort of boxed around t ears by the socialist democrat opponent who made a speech aouple days ago in the german parliament saying tt angela merkel was in effect giving in too much. melissa: that's a huge problem because she is a
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lynn of pin to is whole thing. if we lose her the whole area, the whole zone is in trouble but her constituents e gting really frustrated with her. whats your bet on what happens? >> tt is exactly right. so what she isrying to do postpone to having to go to her own parliament to ask r more money for all these bailouts. she is trying to kick the can down the road butt the same time she understands this is serious crisis. the last time you and i talked a week or so ago s had gone tt greece making it clear she wants to keep greece in the eurozone. by the way her opponent also said he wants to keep greece within the eurozone. we gotone nice tick up yesterday whics that it looks like italy and spap lower costs. meliss it is not going away. professor, thanks for coming on. >> thank you. melissa: the rash of cyber attacks we've seen is going
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obal. london-based hsbc is the latest vicm but this time there was no warning. this is e four bank tis week, just this week to get hit andmy next guest is going to show us how hackers are ableto set it up. moan wright is cyber terror analyst. welcome bk to the show. >> thank you. melissa: before we set up the how-to,does that mean i won't want it anymore, hue effective if they wa us and maybe they saw the show an decided not to warn us? >> it is still effective marketing. you change your tacts and now the story is the change of tactics which is exactlyly wh we're covering. >> that's agreat point. the hackers are basically outsourcing now, is that what is going on? >> they, this group, which shall remain unnamed as we agreed last time, does not and never had the tech call capability to launch these attacks. what they now did you can outsource your attacks on web sites using tools provided by oups like a anonymous. messa: that is amazing.
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how do they find each other? >> well it is on, very polar irc, internet real lay chat. one of the arties i sent to your producer a we were going over this from a ll-known hacker called the jester, who actlly penetrated this room and wrote a post about it where some ofhese graphics are going to come from,he conversaon,the tools show exactly how you can go abou getting a groupike launch an attack for youand using big computers and data centers as opposed to a collection of small personal compute ars we'relooking on the screen right now. they're sort of talking about the attack against the bank, complimenting the work. the conversation goes back and forth it gets down well, we can do that f you. how can you pay? no one is monitoring this conversation? you can leave this record on line and go recruit someone to do your sigher terrorism work for you? they're oiously n afraid of being caught and punished.% >> abuse the internet
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provides a level of anonymity to a l of these folks, that's the wthey operate and use throwaway e-mails addresse the ddle east nam on there talking to the anonymous member on irc is actually the hacker called the jester. he penetrated this room. he showed how easy it is to get done. it is difficult more layers you put between yourself and the technology to discover who u ar a lot these folks operate out countries to whe we frany may not have a mutual legal assistant treaty or a we can't in there and arrest them or law enforcement will not cooperate with us. melissa: you can track the people dowand s them, you can see what is going on, can' the bank and government see what isoing on androtect themselves? >> it was just getting hit with the garden hose. now they changed the attack to getting hit with a fire hose. you know i is coming and thing they cn do. the original defenses were designed to prevent the
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garden hose attk. now this is the fire hose. they're having to evolve counter measures to adapt to this. when they unleash this, there is not muchou can do. old saying terrorists usualldon't make appointments, emergencies don't make appointments. they were doinghat for a while to show they could d it. the me fact they ld people ty were going to do and still able to do the atcks, these are orders of magnitude 10 tis greater than what they faced before. melissa: in the banking indury it has been a disrupon but we haven't seen, more than reay a nuisance so far but i understand there are ties to hamas and to iran. >> yes. melissa: wt do you make of that and what is their eventual goal? >> this group claiming credits an actual armed wing of hamas. amass is desiated terrorist oganization a they a a sunni organization but iran there is, aabsolutelyo doubt iran has a hand in this. they're use this group as a proxy to give themselves plausible deniability. iran is primarily shiite country that also sponsors
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hezbollah. like we said last time, politics and terrorism make strange bedfellows. they're using these folks because this group has no previous capability. it came out of nowhere. it is very suspicious they even got this capability. ey have been, they're a pa in much larger . my fear at this is covering up and what other ings are being, things are happening because to me this is for of -- more of a distraction shun. i'm worried what may be happeninin othe sensitive areas. mea:organ wright. terrifying stuff. thanks for coming o >> you bet gd to ta to you again. melissa: the u.s. abouto und iran with yet another round of sanctions. what will it take to finally bring this regime to their knees? we have details next. goose prices fall for the 11th straight day. we'll tell you if this trend is going to continue. more "money" coming up. ♪
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says, quote, we will continueo ratchet up the pressure to make it car to the iranians that their onl real choiceere is to address the concerns about thei nuclear program. what does the u.s hope to get out of this? joining me a seniornalyst with t instite for the study war. chris, we're squeezing as hard as we can. does ts statement help, do you think? >> melissa, pleasurto be here. thank you for having me on boar no the statement doesn't make any functional difference the purpose of sanctions is not to punish the irani regime. the purpose of sanctions to come pell change in behavior iranian regime. they have known for 30 years we're not happy in their march toward nuclear weapons and supporter of international terror. the fact that they continue to take these ons that they are not going to chae their behavior anytime soon. melissa: are the slowing down or speedingp in your opinion?
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the more determined they come. >> that is valid worry. iranians have no slowdown in any of these programs. three areas we're concerned with. first thuclear weapons program. second their international sponsorship of terror throug hezbollah and other various organizattons. third their specific support for the assad regime in syria. on all these of ese fronts we've seen absolutely no indication that the irania regime is willing to ba down a all. >> i ki of wonder to a don't have a you can nuclear weapon yet? they have been working on it for a lon time. we've had the technology in u.s. for a long time. obviously it is all around the world. what do you think about that? >> that is good point. the nuclear technology is not asomplicated as people think. it has been years since the u.s. started its nuclear weapons program, '68, '67 when we debtade our detonated our first nuclear weapon. iranians have a lot of scientists and engineers
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working onhe project. iranian regime madthe decision ty will develop all the elements necessary to make a nuclear wean. they ha uranium. th have uranium enrichnt facilities. they have delivery cils in work. they have all the building blocks of a nlear weapo they have just decided we don't know ye if they have made t decision to actually weaponize their nuclear weaporogram. melissa: is there anything we can do to stop them at this point? >> economically looksike we are just about out of bullets on the sanctions. the iranians have be under some level of economic duss for 3 years. they simply refuse to respond if in the way we hoped. a western regime or weern country such as u.s. can not exist or can not continue with a political regime that simp ignores the needs of its ople but the iranian regime does. the iranian domestic economy is under aremendous amount of pressure but that does impact the iranian military industrial complex at all. to the extent it doest is
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very marginal impact on the iranian industrial comex. melissa: that i economic option. wh about our nonwhik option? is that the way to stop them? >> unfortunately for the last 25 years the united states tried to coexist it iran. in 198 in unfortunate incident we shot down tan iranian airbus. at that point t mile-per-hour miliry tried to deconflict with the iranian military in hope we see dographic change in iran. where younger people might come to power and feel this theocracy might not serve their needs. we saw a glimmer of hope couple years ba with the green revolution in iranan. unfortunately the iraan regi used every means at its disposal to suppress the green revolution. massacred peop in the street it des not seem there is much critcall mass for a follow-on iranian revolution. melissa: scary stuff. chris, thanksfor joining us. >> thank you smuch, melissa. have a good evening.
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melissa: it has been 11 straight days of falling gas prices but is this bott for now? we'll have details on that coming up. >>plus you heard all aut the nse but do you really know w's taxlan is betteror you? we're giving it to you straig so you see where you will come out ahead and where you will be shortchanged. do you ever have toouch moy?
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it is his job know. what do you think?. >> let me say whoo-hoo, gas going down 11 days in a row. californiaeed that more than anybody. meliss rig. >> we have need for gas coming up fundamtally and technically. technically which i love the best we comeffwhat is huge double toin the daily bar chart between 2.95 and $2.90. now we're in what is called a bear flag which augersor lower levels on the downside. so technically it look like gasoline wants to come lower. but you know there's a lot of other reasons. fundamenlly did you know we now are doing 42% of our daily intake in crude, we only import 42% of our daily intake now. we used to be doing 70% five years ago. so you have a lot of crude being produced here in this country. looks like online domestically we're looking to hit 600,000 barrels a day by the e of this year. melissa: yeah. >> in crude.
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so of course if we're producing crude of that nature, the pre has to come down a bit. we're pasted driving season. vacation season here in the u.s. anher reason for gasoline to come dow fundentally and technically we have some decent reasons. melissa: those are all good reasons. i worry though the reason why the price of gas is coming down because the economy is collapsing again. what about that? >> there is some pullback taking place. you heard some pullback in china. we've seen the stock market the last two days. melissa: yh. >> overall the real estate market is starting to pick up. when real estate picks believe it or nnt our ecomy tns around. keep your eye on the real estate numbers. they're surprising and lookg fantastically. melissa: i hear you. job numbers are not great. many people are unemployed. rnings have been really scary. we expect them be bad because they have been pretty terrible when you look inside what they're saying. microsoft is saying people aren't buying computers. mcdonald's is saying they're struggling allverhe
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place. people are comi in. same-store ses are down. chipolte saying the sam kind of thing. it feels like a bit of a global slowdown is underway. grt for gas prices. it is terrible for everything else >> that's the problem. it is great for gas but terrible for everythi else however, understand cheap crude or cheap gas is a stimus worldwide. melia: that's true. >> it immediately goes into all of our pocks. maybe that will help. you know the other thing we do look at the numbers, week to week, almost day-to-day and sometimes they can be a bit misleading. but yes, we have seen a bit of a turn down and markets arehowing that's at is happening. look at ple. apple has been hit pretty hard lately. melissa: bottom line, oscar, the trd is yr friend. you think they will continue to go down here? >> yeah, 2.40,.45 you get to on the open market and gas market. melissa: just talking to makes me feel better. nation for cong on. ha a good weekend. >> y too, melissa. melissa: gas prices are down
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10 straight days. have you noticed prices coming down where you le? we want to hear what you think. like us on facebook a facebook.comelissafrancisfox follow me on twitter at melissaafrancis. time to check the fuel gauge. california sky-hh gas prices are doing wonders for the toyota prius. the hybid vehicle is the state's topelling car for the firsttime ever. that is accorng to the california new car dealers association. oil prices getting slammed in today's selloff. a strgtning u.s. dollalar helps fuel crude'stumble, finay settling a $90.05 a barrel. a ne report warns that the great lakes could be at risk for a severe oil spill. national wild five foundation, that two oil pipene in the upper great lakes are not being properly main and and nor are proper emergency procedures in place in the evt of a spill. that is not good. rosneft is about to
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become the world's largest oil producer. rosneft isuortedly ready to purchase 50 dal billion of russian assets from oil companies. if the deal goes through, rosneft's daily pruction would top exxonmobil's. coming up we're crunching the real numbers in predent obams and mitt romney's tax plans. a side by side cmparison to see who first-hand will rake it in and who will be left out of the cold. how sk are you of those robocalls? i'm sick of them. the ftc offer as bounty for anyone that can take down telemarketing for good. we havthe details coming up. "piles of money" coming up. ♪
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melissa: huge day in the markets today. let's go to robert gray with more on that. robert? >> melissa, that'sight, we saw a huge tumble. it is the 25th anniversary of black monday. a lot of pele trading about it. almost a self-fulfillg prophecy some ways. not nearly as big of a decline. the w down 1 1/2% the biggest since june, down 205 points. here are the lowsthe sessn. 30 members down on the y. let me double-check that. home depot bnced back. in fact did close up. 29 out of 30 down for the day. technology really getting hammered today. albut e stock in the s&p 500 technology index lower on the session today. this after, that was saisk by the way if you're keeping score at home. literally if you're looking what we've seen, microsoft, ibm. intel, google, huge disappointntments on earnings, melissa. some strategists out there saying expect more of this to come.
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we'll have to wait t see what happens monday. lissa: tech the canary in e co line min likes of mack -- mdonald d chipolte. thanks very much. >> thank you melissa: do you know who's tax plan is really better r you? here on "money" we're here to protect your money. we'll crunch t number for yo with guide from the tax foundation. they lay them outside by side. scott hodge is president of the tax foundation. welcome back to the show. let's ju right in. what are the main differences between the two tax plans? >> melsa, there e huge, ark differences between mr. obama's plan, and governor romney's pl. and i starts at the top, with individl tax rates, where the current top tax rate is 35%. mr. obama would like to increase the top tax rate a he said over and over and over on the wealthst americans, increasing it to nearly 40%. while veor romney would cut individual tax rates
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acrosshe board by 20%. which means the top rate would come down fro 35%, down to 28%. and the bottom rate would go from 10% t 8%. thats the start for individuals. melissa: yeah. and you know another big difference of course is the credits and ductions. there was a lot made of that. >> oh, yeah. melissa: during e debates, talk to me about that side by side difference what happens to deductions? >> well, obvisly president obama doesn't do anyththin with deductns. of coue, mr. romney has been in the center of a little bit of controversy over that because he says he would cut credits and deductions aoss the board. more recentlye talked about capping em at mewhere between 17 and $25,000 dollars. which means, forost people in the middle cla,this wouldn't be a big deal. you codtillake man of the staard credits and deductions you used like the mortga interest deduction. you'reealthy, those, that hard cap is going to be a big hit. melissa: yee.
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>> warren buffett had25 million worth of deductions last year. obviously if you capped it at 25,000, he would pay a lot more in income taxes. melissa: you tlkbout mainal tax rates. talk to me about cap gains and dividend tax. what does it mean for everyone and what is the pact of th? >> certainly for the invest class this is a huge deal. as you know the capital gains and didend are now taxed at 15%. governor romney would leave those rates at that level. actually he would cuttor lower income people of the those earningnder $200,000 a year. messa: right. >> obviouy the president is propong to irease those rates for investors, high income investors. the e did i dend rate would go up to nearly 40%. in some cases over 40% to 43.5%. the capal gains rate would go over 20%. offer would ilement the "buffett rule", which woul mean hi income investors wod pay at least0% on their income. melissa: i mean what is the
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impact of that on the economy? he is talking about doing aw with capital gns. >> hu. melissa: for anyone making under $200,000. keeping it at 15% for those above just as you said. what does that mean? is that a tax break for the wealthy or what us d i do? >> this is a huge impact on the economy. as you know, basic economics, if you tax something you get less of it. if you tax or raise taxesn capital gains and dividends we have seenistorically that those tax revenues fall, d people take less capital gains and dividen. so it would have a huge impact on the econonomy. we see that it would cut economic growth substantially. entually that hits pople right in their pocketbk, with lower wages and lower incomes. theeon the flipside, if you lo athe romneyplan we see it would increase economic growth over the long toerm by terp 7% over years that goes right people with high incomes. melissa: scott hge, thanks
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for breaking that down. it is a lot to break in and important to look at it and digest it. it i abou your money it matters. thanks for coming on. >> absolutely. thank you, melissa. melissa: how much do you hate the aumated robocalls? enough to come up with the end, be all wayo top them forever? it could be a way to make 50 and. that is ming up next. at the end of the day it is all about money. ♪ [ male announcer ] how do you turn 30-million aifacts... ♪ into a high-tech masterpiece? whatever your business challenge, dell has the technology and services to help you solve it.
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♪ . messa: aae you looking for a way to make a 50,000 bucks? way to end annoying automated robocalls could be in the money. ftc is launching the row bow call -- robocall challenge. hear is the head of the call practices. i want to make the 50,000 buck what are the criteria? >> the criteria, one, it has to work. i have to stop ringing calls from ringing csumer on. number t it has to be easy to use. number three it has to be easy to roll outnd get it into the hands of consumers as qckly as possible.
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melissa: why are you guys not able todo it on your own? y can't you guys come up with this? it really hard? >> therere technological changes in the past two years made it move for difficult to just go after robocalls with law enforcement of the these days people don't have to set up a boiler room to ma telemarketing calls. all you need is computer and internet conction and send owl millions of calls in a few moments with click of a mouse. it is very cheap and much easier to hide your die identi wwth new technology. peop fake the caller i.d. information that appears on a consumer's phone. melissa: seems like actually really hard problem to solve. maybe you have to put out more than 50,000 bucks. one of the probls, you have to block illegal calls but you don't wnt to block the legal ones evenhough they are really an. like automated calls by political parties, charities, health care providers. reverse 9 calls. you have to have a solution
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that don't block those, right? >> exactly. exactly. there are some very useful automated calls out there, like the reverse 911 and some other os that you mentioned and, sometimes people don't even think of those as robocalls but they are. and a solution ll be graded much high if it can block all illegal robocalls and no legal robocalls. melissa: i got to tell you. really applaud this. this is real thinking about it right. you put moneyut on the street to people to get something don make it a contest. give them a reward. rather than tryingo reinvent the wheel yourself. how did you come up with this idea? well we've been pursui every strategy we can think of when it comes to illegal robocalls. wee been dog agressive law enforcement. we shut down companies responsible for billions of calls in federal court. we're making ourr targeting more strategic. for example we set up a robocall honey pot. 've been rching o to end industry. melissa: what's a robocall
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honey pot? you can't really throw that ouon the table and expect noto explain it. what is that? >> it is a way, we have our ow telephone lines that are receiving robocalls. it allows us to get evidence about those calls much more quickly andct ont more quickly. melissa: real interesting. how did you come up with $50,000? it sound really hard. m not sure that is enough? >> $50,000 was what we came up with afr talking about the resources of the age which are prious taxpayer dollars and what it would take t get people really exciteabout this challenge. so i hope we ended up in the right space. one thing about this problem is that people are already passionate abo it. melissa: yeah absolutely. katie i know you just arted this. please come back when you start going you there the entries, especiay if y t a winner, hear about it. >> love to. thanks so much. memelissa: forget paint it black. paint it een. the rolling stones prepping for their 5h anniversary reunion ur but se fans are nowhere getting
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you. lo: time forpare chan. we're joined by david asman and sandra smith. first up the rolling stones are retuing to the stage next month for the first time inivive years for their 50th anniversary. they have two concerts in london and two in jersey but tickets for the cheapest seats of the london show are starting ator than $150. all right. retail sites are sel more than gnd!. obviously many fans are outraged. what do you thk, too much? >> first of all, how many, these people agastne percents are protesting agnst this lt time at a stones concert, looked it up, it was before sandy was even born. before you were born! i'm absolutely serious. melissa: maybe time to pony up and go again >> mbe it is. only 800 bucks in newark. melissa: but you're in newark. >> you tee me about that. >> i'm not teasing.
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i don't rememb being that young. >> i fel rolling stones is timeless music. the reason they're selling out because they get the older crowd. they get the younger crowd. everybody still likes their music. >> my dauter is 20 and we both appreciate the stones. i love it. melissa: tk about thinking tside the box? a jewelry store in iowa has an original marketing id, if you buy an engagent ring you ge a free shotgun, obviously. of course customers have to spend $,000 on the ring and you have to buy it before october 31st, to get the free gun. what do you think? mean that is? >> i'm not sure how i feel about ithat my husban got something while buying my engagement ring. melissa: why not? >> in iowa, pretty much everybody hunts, right? this is great inceive. if it works it works. >> i think the shotgun should be for the bde's father. that wld be perfect, right. absolutely. melissa: shotgun wedding. >> everyone wants a
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rengton 840. melissa: everyone likes a give away. a good idea. cosmetic company is using vice president joe biden as their pitchman. listen. >> with your help we can win north carolina, ain. >> you're in virginia. >> how did it go? >> terrible. barack told me to find a solution to my gas. i think i ve the solution. glasses with a built in teleprompter. listen to my next campaign rally opening line. let's pu those republicans back in chains. [lauter] >> i think that i have a better solution. smart cover. >> what's that? >> smart cover is a concealer thatides all sorts imperfect shuns like dark eye circles, age spots and even bad decions. >> a yi yi. listen to that voice.
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that is supposed to sou like biden. melissssa: that was a little ow. is it clever idea? you know the makeu, cov up concealer, get you out of trouble? >> badly operation, badly delivered. >> don't they have like animation a little more sophisticated than that? melissa: small budget. clev idea though. >> i think it iss a clever idea. i think it is timely and newsy. might grab peel's tention. we'll sell the product? i question that. >> the thing that bothers me about biden. these are not mistakes, i me irv stupid thing i said. inuding put you in chains and bullets for democrats and all that stuff? what a character. wasn't well-exuted. melissa:om hanks went on the "good morning america" to discuss his new moe. and got a little. >> can you speak in the accept. my issues, th one, oy.
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mostly swear wordsds. at is little bit. >> if yo say acciden like that they won't -- >> [bleep]. oh. i'm sorry. i slipped into a brand of acting. i have nve done that before. i wuld apologize to the kidsn america that are watching this right now. and let me say nextime on the show there will be a seven-second deeay. melissa: whoops. wh do you think of that one? do you think of the apology? >> what a marketer. we're l talking abo it, right? >> i totally love tom hanks. saw you this live. melissa: you did? why were you watching another network? >> busted. >> i confess i was tching gma, i real, realy was. it haened so fast i didn't hear him say. i can't do that it h so many swear words. almost like he kew he would say it. >> joithe f-bombers. charles payne. bob beckel. melissa: tt's true. it happened. that's right. here is another e big bird
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is hot item for halloween thanks to mitt roey, shoutout in the first debate. costesre flying o off the shelves. stores are sold out of all different versions. if you want to be big bird you have to get creatative. can you get your own big bird cstume? absolutely. he made ather je at al th dinner is brought to you by the letter o and number 16 trillion. that is cute. >> what is hysterical the sexy one sold out. all the ladiesot have to dress like scary costume, it is a sexy costume. the problem with that is? h do you make a sexy big bird. melissa: that is sexy big bird? >> moving in that direction. >> that is like yellow hooker. that is not b bird. i don't know wt that is. >> that is like a flapper. melissa: maybe on that note we'll move on to, the election just 18 days away, tom sulliv has thoughts how to choose the right man for the job. >> if you haven't heard there is a job opeeing
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coming up in the white house and we, the people, are the ones charged with doing hing. we arehe hr department. when you hire someone you ve never met you really have togo on their resume'. backou. their perience and how theyave done in prior jobs. there is simply the gut check how they come across in a interview. everybody knows when somebody comes t an inrview or in this cas we'll call themdebates, they come with their shoes shined and hair coed and say all the right things to try to impress you. i got an e-mail yterday from a guy whoaid it seemed like two fast-food companies arguing who had the bestrench fries. ce a new person is hed and on the job then and only then, can you truly judge them? are they dog a good job. are they living up to promises they made to you when you hired them four days ago. nce most of never met them. therefore we really don't know them. somehow w still have to decide whom to hir if we make a mistake, w n fire them and hire a new
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personn anoth four years. melissa? melissa: that's the truth. thankstom watch "the tom sullivan show" this weekend. you can catch it at:00 and 10:00 p.m. saturday and sunday and 7:00 a.m. and 7:00 p.m. eastern thanks for >> there is no end t their greed. >> the ways of wall seet. >> why we need government intervention. >> i can take th whole cake and. >> my gest says agreed work it is a good things. >> greed woks. >> "is greed goo?"
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