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tv   MONEY With Melissa Francis  FOX Business  October 22, 2012 5:00pm-6:00pm EDT

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liz: the number one thing to watch tomorrow, apple's product event. company expected to announce a smaller version of the ipad, ipad mini that will be apparently seven to eight inches. we'll have the entire story and the whole shooting match. david: "money with melissa francis" is next. >> i'm sandra smith in for melissa francis tonight. melissa is on her way to california where she will be hosting the 100th episode of "money" tomorrow night live from the td ameritrade investor conference. be sure to watch. for now here is what is money tonight. we're hours away from the final presidential debate. president obama and mitt romney are neck-and-neck in the polls. how can they use tonight to score a photo finish win? "money" has the top three things to watch for. plus a tumbling gas prices accelerate but is the relief here already getting isn't enough, another 50 cent per gallon fall could be just around the corner. we've got the details. and, a new, new jersey
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brawl over sports setting. the heads of the ncaa and professional sports leagues stuck into a lawsuit just to keep you from betting in your fan at this football leagues. governor chris christie is ready to save the day for supporters. we'll explain. even when they say it's not it is always about "money" sandra: first, look's look at today's headlines. stocks recovered from deep losses. caterpillar sparked more jitters over corporate earnings. after dropping 108 points the dow clawed its way back to close up 2 points. >> shares of monster beverage getting mauled. the family of a 14-year-old girl is suing the company alleging her daughter died after drinking two cans of energy drink. it follows a report by the fda associating the dripping with five deaths since 2009.
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pe -- peabody energy shares soaring 12%. the coal mining company beat estimates for its third quarter earnings and raised its full year guide dams despite increasingly tough conditions for the coal industry. our top story tonight. president barack obama and governor mitt romney will be squaring off in the final debate of the 2012 election in just a few hours. it will be a focus on foreign policy. so "money" asked each campaign what three issues they think their competition needs to address? we're going to start first with governor romney's team. we're joined by former massachusetts lieutenant governor, carey healy, a member of the council on foreign relations and spokesperson for governor romney's campaign. thank you so much for joining us tonight. >> thank you. >> i guess first up the big question is, president barack obama's campaign has cried out, they're lacking specifics.
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they're not being specific. in the past two presidential debates so they want specifics and particularly on romney's plan to end the war in afghanistan. the 2014 timeline. where do they stand with this? >> yeah. governor romney has been very clear that the 2014 timeline will stand, but the president obama was wrong to put that into place. one of the things you would never want to do in, as a strategy for your nation would be to give your enemy as timeline when you're going to withdraw. while governor romney is going to stick to that timeline he considers it a very bad plan on president obama's part to have done that. now, what else will he do? he will make you are sure that the people on the ground, who know best, the advisors there, the generals and commanders, are able to advise him properly about exactly how to have that troop withdrawal go so that it can be entirely in the
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hands of the afghans by 2014 but without the risk of al qaeda going back and being able to re-establish a safe haven there. sandra: another big topic likely to be discussed tonight is al qaeda. what would romney do to finish the job against al qaeda at this point? or i guess you could pose the question, what would they do differently than what the president is doing now and what he has done over the past four years? >> one of the great failures of the obama administration in terms of pursuing al qaeda, yes, well he was able and we were very grateful for him to be able to assassinate usama bin laden. we were extremely concerned in the process al qaeda has been driven out into all of the countries that are less stable as a result of president obama's weak policies, his leading from behind. so for example, we're seeing in libya and we're seeing in establishing a new strength and really throughout northern africa as well and
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yemen rand other areas. so, first of all, what governor romney would do is use all the tools in his cabinet, diplomatic tool, aid, also trade to try to strengthen those countries in the middle east that are struggling to get a footing, in the wake of the, the arab spring and try to make sure that those countries can be democratic allies to the united states in the future and to be able to defend themselves from al qaeda. sandra: how governor, does governor romney's plan differ from that of the president's to prevent iran from getting nuclear weapons? >> governor romney believes in peace through strength. he harkens back to the reagan era mantra that if america is strong, they will not have to use force. and that is the most important thing in this discussion because no one want to use force with iran but it has to be a credible card on the table and governor romney is going to go back. he is going to strengthen
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our military. he is going to ask for more sanctions. president obama will tell you these are the strongest sanctions we can use against iran. that is not true. there are still some 20 waivers out there that could be withdrawn. he would tighten the sanctions further. he would make sure the military threat is credibility and try to bring a diplomatic solution into place into iran. sandra: governor, we're a few hours away from the very key presidential debate, the last of the three. the latest rcp national poll, the gap, mitt romney's gap over president bim is widening. he is now leading 47.7%, to obama's 46.9%. do you see governor romney being able to pull away and widen that lead after the debates tonight? >> you know, i believe that the american people will be watching very closely, and they're going to want clear answers, they're going to want to know more about what happened in benghazi and why the president wasn't willing
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to come forward immediately and be completely open with the american people about the fact this was a terrorist attack, and i think that those questions will have to be relitigated this evening. sandra: governor carey healy, thank you for joining us on that very, very important topic. we'll look forward to the debate coming up in a couple hours. we'll continue this discussion now. thank you, governor. >> thank you. sandra: we move onto the other side of the aisle. i'm joined by democratic former congressman evan bayh, a fox news contributor. thank you so much for joining us, congressman. >> great to be with you. sandra: so let's move to, move to the other side of the debate questions tonight. what can we expect from president obama, do you believe in this debate tonight that we haven't seen from president obama in the past couple of debates, specifically focusing on foreign policy? >> well, i think you will hear him talk about a number of things. first and foremost the success with regard to killing usama bin laden.
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the putting pressure upon al qaeda which as your previous guest noted we put a pressure on them in afghanistan, tribal areas of pakistan. they have been forced to flee elsewhere. and i think you will hear him talk about. the continued efforts to try to strengthen our country domestically. it is difficult to be strong abroad unless we have growing economy, getting deficit down, increasing energy independence at home. i think you will hear about some of those themes. sandra: do you believe the president has done enough to prevent iran going nuclear? that is likely to be heavily debated topic tonight. >> they have ratcheted up the pressure on iran. you may have seen the value of their currency has dropped by 40% in the last month or some inflation is running rampant in iran because of the international sanctions that have been brought to bear. the iranian people are really undergoing some substantial economic distress because of the pressure that the administration has been able to orchestrate along with the european allies and others, to bring that to
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bear upon iran. now having said that, iran is continuing to pursue their nuclear program. we have increased cost of them doing so. the president has said we will not take the potential use of force off the table, but he knows if it comes to that, it would be much more effective if we have the rest of the world by our side and that's what he is attempting to arrange right now. pressure iran, make sure other nations will be with us, if ultimately sometime next year he is forced to take more direct steps. sandra: the other side has also been very critical of president obama for not taking a tougher stance on russia and a lot of its anti-american policies, specifically its support for syrian president as sued. -- assad. do you believv president obama will come out with a tougher stance on russia? >> well, i would be interested in asking the other side what do they propose we do with regard to russia? how do we penalize them for saying things and doing things we don't like? i think you're relationship with russia is pretty obvious one at this point. they see it in their best interest to cooperate with
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us they will do so. when we see it in our best interest to cooperate with them we will do so. when we disagree we'll have some conflict. president putin is not as popular within russia as he once was is using the united states and the west in general to try and deflect dissatisfaction internally with regard to the state of the russian economy. i think some of that will be bound to continue. we'll have to have a forthright honest relationship with russia. when we think they're wrong we'll say so. syria is perfect example with that we strongly disagree with russia standing by the assad regime. >> treasury department has been very reluctant to call china a currency manipulator. this is topic we discuss on this net work quite often. do you personally believe china nip lates its own currency to its advantage? >> yes i do. they have been doing it quite sometime. saying it explicitly at a time when we're borrowing so much money from them is the
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best interest the united states or not. they have allowed to currency to because of their own domestic situation wanting to keep inflation under control. this is perfect example of yes, they're manipulating their currency. the best way to do something about that, say the obvious which they're doing that, become less dependent upon borrowing money from the chinese. if the chinese right now said, hey, we don't like the fact you're making these assertions we'll not lend you money anymore, that would cause interest rates we have to pay to borrow money to go up maybe substantially that would not be in the best interest of the american economy. the best way for us to have forthright candid relationship with china is become less dependent upon them financially. finally the administration has a good track record with regard to bringing trade cases against china when they cheat. solar panels are an example. there are some other areas where there is an example where we brought trade cases to get them to abide by the letter of the law. sandra: all right. well we have to leave it there. just your final thoughts.
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do you think president obama can regain his momentum tonight? >> i think he started doing that in the second debate. if you look at polls, i think foreign policy plays more naturally into his strength but i think for both of them, what you ought to look for is both of them to try to pivot to do things. focus back on strengthening us domestically and secondly foreign policy is a proxy for character. they will want to project strength, resolve, look for some of that tonight. sandra: senator evan bayh, thanks so much for joining us tonight. >> great to be with you. sandra: we'll hear from president obama's camp in just a moment. first let's turn now to the middle east which is sure to come up in tonight's debate. violent clashes broke out in lebanon this weekend. rumors swirling that the syrian government is behind the assassination of a top lebanese intelligence official. the big question here, is lebanon getting drawn into this syrian conflict and could that impact the global economy? for insight we turn to robert hunter, former u.s. ambassador to nato.
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thanks for joining us so much tonight, ambassador. >> good to be with you. sandra: ambassador, based on your experience as u.s. ambassador to nato will this drag lebanon into syria's conflict, do you believe? >> i think it will. and in fact, we already have a civil war going on in syria. and what i fear is, that it is going to broaden, not just to lebanon, which is been everybody's kind of, let's kick it around for a number of years, but it could spread more broadly throughout the might have, -- middle east, to put it more generally between sunnis and shia. we could see an awful lot of mess, even more than we see now throughout the region. and in fact, i don't see any happy outcome to this tragedy, this, killing that is going on in syria. sandra: ambassador, that being said, how bad do you think that this situation could get based on what you're seeing today? >> well, clearly, in syria, it is pretty, pretty darn
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bad already in terms of the number of people getting killed but let us say the assad regime goes. you could then see an explosion, elsewhere. it is being exploited, the situation is being exploited certainly by iran on the shia side but also by turkey, by qatar, by saudi arabia. you have the makings here of a major conflict throughout the region. sandra: what does that mean, ambassador, in terms of the global economy? if question we were to see that explosion as you call it? >> anytime you have unrest in the middle east, even if it is not directly in the oil-producing states you have a lot of nervousness and you have a rise in the price of oil. i wouldn't be at all surprised if we see the price of oil creeping up in the near future. obviously if there were conflict with iran, sometime next year, we would see the price of oil go you there the roof. sandra: that's an important point to make as well. ambassador, i want to run this by you really quickly.
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we saw a statement from the lebanese armed forces which they put out over the weekend saying tension in some areas has increased to unprecedented levels. they went on to say, quote, we're appealing to all leaders from all political factions to be aware about expressing their positions and trying to incite popular opinion. really interesting, considering, ambassador we're heading into a debate where two major political leaders may share their opinions on this. >> i suspect the two leaders, tonight, will dance around the syrian question. there is no obvious answer for the united states. we don't want to put troops in. we don't want to see other nato countries put troops in. we may be doing some things to aid the opposition, but we kind of like to see things tamped down but don't have many tools to do it. i'm more worried there will be a competition between president obama and governor romney on being anti-iranian, in a way that would look
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like there would be a ratcheting up in the direction of possible conflict next year. a conflict involving iran would be a disaster for everybody, not just the iranians, but for us, for the israelis an everybody else and i hope that the two sides, the two men tonight will not get out of hand in competing with one another on looking like they're playing the war card. sandra: ambassador hunter, we appreciate you sharing your views and your forecast on this. thanks for joining us tonight. >> thank you. sandra: gas prices are already sliding across the country but a 50 cent per gallon plunge could be just around the bend. details on that next. plus taxes about to jump for 163 million people. so why aren't any of them making a peep? a new payroll tax push by democrats could bring an end to the silence. we'll explain, more "money" coming up ♪
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♪ . sandra: you notice the little extra cash in your pocket after filling up the tank? if so, you're not alone. get this. in just the past week the national average cost of regular gas has fallen 12 cents to $3.67 a gallon.
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and get ready because there is a good chance it could drop even more in the next couple months and by a lot. so what is behind all this? let's ask the editor of the schork report for his take. steven, thanks for joining us. >> it is great to be here, thank you. sandra: so i guess i would first ask you why are gas prices falling by so much when oil is really still around $90 a barrel? >> well, the quick answer is the fact that they had risen by so much in the month of september. we're now at a time of the year where retailers across the country can sell a winter grade gasoline. this is a cheaper gasoline to manufacture and therefore there was a price differential between the summer grade and winter grade which is what we're now consuming by about 20 cents. now what happened back at the end of the september, beginning of this month is that we had a number about of refinery outages, a number of pipeline outages. so we saw a shortage in gasoline. so again, in september,
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prices typically begin to fall because we make this transition into the winter grade. now that fall in price was pushed down the road because of these refinery disruptions. so in fact we had about a 20 cent rise in price we normally would not have seen this time of the year. so that price, plus the normal transition to lower prices, that we see every october, november, is now taking place. for the consumer listening this is good news, over the next few weeks. you can expect to continue to see further price declines at the pump. sandra: how much? >> right now, as you said we just came off 12 cents. that is $3.67. given where we were prior, and where the refinery acquisition costs of crude oil, we could be looking at another 20, 25 cents between when all said and done. between now and the beginning of the holidays we can expect it see probably another 20, 25 cents lower but just keep in mind that what goes down usals comes
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up and toward the holiday, students get on the road we take holidays, head to the malls, we consume more gasoline, prices will begin to move up in normal historical fashion around the holiday season just like they do every year. sandra: steven, at $3.67 a gallon, while we feel a relief after 12 cent drop, these are historically high gas prices. folks are acknowledging that guys prices nearly doubled at this rate from when president obama took office. this is likely to remain a big election issue. we heard it heavily debated in the last two presidential debates. i'm wondering if there is any chance of time together -- tying the together the momentum romney picked up in the polls to the drop in gasoline since he is spoken so fiercely on his energy policy about drilling more approving the keystone pipeline? that would all be very bearish for gasoline and oil prices. >> perhaps it would indeed.
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the current administration by all intents and purposes is no friend of the oil and gas industry. i'm not going out on a limb in saying that. certainly their poll sir -- policy niche initiatives last three years con dus different to -- conducive to raising the price. romney campaign has seized upon this situation. the, administration's decision to nix the keystone pipeline which was really a no-brainer to bring very cheap oil from north dakota and canada down into the gulf of mexico for the market really give as big fat target for the romney campaign to seize upon right now. sandra: we just spoke to, i guess about the middle east conflict. obviously that's been what is supporting oil prices. do you believe that conflicts in the middle east will continue to support those oil prices around $90 a barrel? >> well they certainly
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create the template for these quick price shocks in oil. so indeed if syria, which is, a surrogate of iran, if that does indeed foster further trouble in lebanon, lebanon is israel's neighbor, it is not hard to imagine what could transpire there. that could certainly create a price shock for oil but can it last? we have to keep in mind the oil markets or the oil bulls are junkies. they need that headline. oil prices two weeks ago were surging higher because of the conflict between turkey and syria but we really haven't gotten any sort of new headlines in that manner. so now prices are coming down. so the bulls need their fix right now. so what this is telling you is that the market can not support oil, higher oil prices for a sustained amount of time because the economy simply can not sustain it. sandra: steven schork of the schork report. we'll hold you to it. >> absolutely. sandra: 20 cent drop in gasoline prices will be welcome. >> thank you. sandra: time now for today's fuel gauge report, the
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biggest headlines affecting the energy industry and their impact on the economy. first up the keystone pipeline is set to restart imminently. transcanada shut down the pipeline on october 17th due to a small anomaly. the pipeline moves 590,000 barrels of oil from canada's tar sands region to the midwest each day. we anticipate a reactivation of the keystone pipeline helped drag down oil prices. crude fell below the $90 a barrel mark, setting at $88.73. rosneft acquiring one of russia's biggest oil ventures. $595 billion deal gives rosneft control over the russia's oil production. rosneft's takeover makes it the world's largest publicly-traded oil company. siemens is cutting the cord on its solar business. the industrial giant says profit expectations for unit have not been met blaming tough competition and plummeting solar equipment prices for the move. >> so when taxes are about to go up on 163 million
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people, you would think there would be some sort of massive uproar. instead it is sounding more like this. [cricket sounds]. but as stalemate over payroll tax cuts may be coming to an end. we'll explain why you might want to care about that next. do you ever have too much money? ♪ . bob...
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now some democrats are readying a big push to get them extended as 163 million working families across the country will feel the pinch of this tax increase. with me now is republican strategist terry holt. thanks so much for joining us. >> thanks for having me. sandra: so 163 million people are going to be affected by this if it happens on january 1st but doesn't seem like we're really hearing from anybody on it. nobody seems really concerned. why is that? >> that's because there is bipartisan suspicion that this particular tax cut doesn't have any real long-term stimulative effect in the economy. there are folks who disagree. some liberal members of the house of representatives are really pushing hard to have it extended but once upon a time, the fica taxes, those are the taxes that go to social security, and to other entitlement programs, that kind of a proposal would have on about seen as a raid on people's retirement fund because you know, technically, it is not
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true, but technically those dollars are supposed to be set aside for social security and so forth. the real elephant in the room is the big tax cuts that are going to expire on january 1 and that could really have a toxic shock on our economy. sandra: but the democrats now we're hearing may be preparing a big push to extend the payroll tax cut. does this bring republicans in play? do they need to respond? >> well the republicans probably won't respond to it because the american public, is, fully aware of the financial cliff that we're heading toward and they want to see washington get sear about putting the american fiscal house back in order. this tax cut was thrown into a big deal, a stimulus package and it is sort of stuck there. at this point, we need to have again, the adult conversation so that we can think about how our revenues are coming in, which tax cuts have the most effect on the economy, leaving tax cuts in place that help us
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all and getting rid of some of these, paul ryan called this tax cut, kind of a sugar high for the economy and that's where most republicans are today. sandra: right. paul ryan called it a sugar high we also heard from treasury secretary tim geithner who told the senate budget committee it would be the last time, he said this has to be a temporary tax cut. but here we have the democrats talking about imposing it again. >> well, they're trying to find a little bit of sugar as it were to get voters excited about voting for democratic candidates. you have two weeks out from the election, you have the house of representatives, most democrats, are, now, have given up on winning the house back. the senate is still very much in play for the republicans to take over. mitt romney and paul ryan have closed the gap with barack obama. so there's a little bit of desperation on the part of democratic policymakers and office holders. they want it find something to give the american public at the last minute, maybe,
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something in their sock for christmas. and maybe that is a political, political promise that will help them on election day. sandra: so on one hand, terry, you're saying this amounts to $19 a week for somebody making $50,000 a year. on one hand politicians are saying this isn't enough to stick our neck out to make this a political issue. but on the other hand, republicans are saying this is hardly going to do anything for our economy, if we were to extend this? >> well, in this case, we see the american voter is in a very serious place about getting america's fiscal house in order. the republicans see these kind of social policies through the tax code as kind of minor tweaks. we need to do something much more profound. we need to control spending. we need to leave the lower tax rates in place. you know, because if you profound impact on the economy, you want to do so so the people can save and invest. i don't want to minimize it.
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19 bucks a week, is a lot of money for some people but at this point, that $19 a week is coming out of grandmother's social security check and that's a political problem for democrats. sandra: terry holt, gop strategist, thank you so much for joining us. >> thank you. sandra: giving a helping hand to our nation's heroes, nebraska governor and former army ranger dave heineman's new project to get returning veterans back to work. that's next. plus a high-stakes battle over sports gambling in new jersey in10 nice. the why the heads of the ncaa and professional sports leaks don't want you to bet on fantasy football. "piles of money" coming up. ♪ .
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sandra: the election is in two weeks from the bottom line is we don't have enough americans working. last month the unemployment rate dropped to its lowest level in almost two years but the rate for veterans is still an unacceptable 8.3% according to the most recent data. nebraska governor dave heineman is a former vet himself and he is launching his new nebraska hires veterans program. governor, thanks so much for being here. >> sandra, it is great to be with you particularly on this issue. sandra: it is a very important one and i'm just looking at numbers here. in your state the average unemployment rate for all veterans for 2011 in the state of nebraska, 3.9%. while the national veterans unemployment rate was 8.3%. so you have got your state well below the national average as far as veteran unemployment. how are you doing it? >> we're doing it because we're reaching out to veterans and we're trying to assist them as they come into the workforce.
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i remember this when i first got out of the army after five years. you weren't quite sure how to translate that. we're helping them put a resume' together, how to conduct an interview, how to share with a perspective employer what your skillset is. because remember, we're proud of our veterans. they're hard workers. they come to work every day. they want to be part of a team. so those are the kinds of things we're working with individual veterans and then we're working with our employers who are delighted to have veterans work for them. sandra: now you've got it working on a state level, governor but how do you apply that to the national level, to get all the states, getting veterans back to work? >> well, we put together a four-minute video highlighting four people who didn't live in our state originally but decided they were coming to nebraska because they heard of the job opportunities in our state, the quality of life, the strong educational system. we're using that video to distribute it to the army, navy, air force, marines.
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we're working with veterans organizations like the american legion, the vfw locally. we'll carry that on up the chain of command. we're trying to work with employers, family, friend, anyone who is interested in hiring a veteran, we want them to know that we have jobs in the nebraska, even though we have a low unemployment rate, we continue to create jobs in nebraska from technology to transportation, education, whatever it may be. sandra: and governor, what are overall are you hoping to get out of this with your plan? how many veterans are you trying to put back to work or do you expect to on what sort of time frame? >> well it's an ongoing time frame. this isn't going to end tomorrow. we'll continue to do it for the next couple of years. i don't know there's a specific number. i just want veterans to know in nebraska we respect you. we have jobs. take a look at us. we have all the qualities of life and most importantly, you can take care of your family when you have a job
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and we have those here in nebraska and we would love to have you in our state. sandra: governor dave heineman, thank you for your public service as well as military service, army ranger, west point grad, we appreciate what you're doing. >> thank you very much. sandra: why the heads of professional sports leagues and the ncaa are trying to prevent you from being able to bet on your favorite teams. at the end of the day it is all about money. ♪ .
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♪ . joe so how is your fantasy football league doing this year? did you bet on the epic overtime game between the new england patriots and new york jets? heads four sports leagues and ncaa are fighting to stop all that. they say you and i betting on sports affects the integrity of the game. they're going to court to shut it down. governor new jersey chris christie is going head-to-head. it forced ncaa to relocate six national championship events out of new jersey. to give the lowdown, sports
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attorney steve ol' nick. thanks for joining us. >> thanks for having me. sandra: i'm assuming everybody at home is confused as i am. how does this betting on the games affect the integrity of the came or the sport itself? >> well i think it is a great question. this is what we're going to have to actually see. justice good man right now has opposed with the court order to actually see the documents where the leagues and the ncaa essentially have to bring out and show over the last 10 years now what they do in terms of fantasy sports, in terms of any type of polls, office pools, anything of such documentation, whereby they can potentially, the state, see whether there was a nexus between gambling and actually amateurism in the state in terms of the body and what not. so it will be interesting to see what actual documents are actually put forth and then, what we'll be able to do is kind of see where actually the arguments are going to lie. but to answer your question, in terms of the actual
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integrity, well, i mean as you can see, people do this all the time. sandra: i mean it is not just the ncaa to be fair. this is the nfl, the nba, mlb, the national hockey league chimed in and said yes, gambling will deter the integrity of this game. what do you think will happen here. chris christie is fighting the good fight. he said it is good for the economy. he is trying to make this legal and happen again. >> yeah. i think, look, in the state of new jersey unemployment number is quite high. on a national average it is a lot lower. if there is a way governor christie can actually promote growth, promote jobs, bring stimulus into the actual state is he going to do that and this is one way of doing it actually. sandra: i'm looking at it, yeah he thinks it stimulates jobs. unemployment numbers. turns around the economy if we were to allow this. if people will do it, let's legalize and make money for the state on this you can't argue with that fact. however, i think that people
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looking forward are going to say, that if the, if the sports teams themselves, or the franchises themselves are saying this affect the integrity of game, the judges could find a way to prove that. >> well, yeah. but you also have to look at the state of new jersey back in 1991 actually had the opportunity to, you know, come into the actual, what is called the professional and amateur sports protection act of 1992 and they elected not to. which allows for sports gam unabout. which, the actual onus right now is, if you're going to look at this from a legal perspective will see what type of documentation is actually presented and once that is actually shown --. sandra: answer the question then. answer the question, we're short on time. does our fantasy football leagues go by the wayside here? >> well, it is never going to happen. it is never going to happen. sandra: all right. >> no chance. sandra: we'll leave it at that. maybe the office pools will continue. we'll see it.
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it is a very interesting story, thanks for joining us on it. >> thanks a lot. thanks a lot. sandra: get a free bag of kind bud? details on smokey proposition for voters in one town. that's next. you can never have too much money. ♪ . [ male announcer ] this is the age of knowing what you're made of.
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sandra: get ready. we have some fun guess. time for spare change. we have elizabeth macdonald ashley webster. members of mitt romney staff went head-to-head been flag football. mitt romney said they should win at all cost. then his wife came in with the secret service as a offensive line. throwing the touchdown pass. >> you try to tackle the will get shot. [laughter] >> would it chris christie be great on the defense of line? sandra: i think it is cool.
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what does it take for you to vote? in california voters were offered $40 worth of free medical grade marijuana up. nearly 10 times as many voters turned up as last year. [laughter] >> day accidentally turned up at the book did a chip vending machine. [laughter] >> whatever it takes. incentives to work. moving on. lance armstrong officially stripped of his 72 words of france titles. told he has no place in cycling and deserves to be forgotten. last week he step down from his charity live strong.
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being dropped by nike and anheuser-busch still this has been going on for years. this is a story that will not go away. the french have said this since the beginning. the more evidence reading the report there was an effort to beat the authorities. the duping agencies are of a joke. if he was to this extent why was he not caught? >> i degree with everything. he will be a jeopardy answer but why has the not admitted? are there legal reasons? sandra: if he admits it what else is left? >> he pass to give some of
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it back. sandra: beyonce and j.c. lost the battle to trademark there baby's name. blue-eyed the wanted to start a line of baby products but a boston event planning company also has the name one the trademark. is that fair? >> what koppel has a baby and trademarks the name? please. enjoy the baby. >> they want the clothing. >> don't they have enough money? they are both major superstars. everything is a success. >> i'd like it. i think it is cool

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