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tv   MONEY With Melissa Francis  FOX Business  November 23, 2012 5:00pm-6:00pm EST

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upbeat report. melissa: i'm melissa francis. the politics of oil, america's energy independence a pivotal issue, and i sat down with one the industry's giants of kinder morgan talking about natural gas and fracking and what he says on over regulation and the dollar a year salary. now that the election is overer, will the keystone pipeline timely win approval? transcanada recently submitted a new plan to the government, and i spoke with the ceo of transcanada all about that plan as well as his expectations of
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the billions spent so far will be worth it, and that the pipeline will prevail. plus, wall street got the blues. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said.
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>> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the naral gas area. we got a game changer here. we got a fuel that's cheap, abunda, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk abt response to climate change and reducing co2 emissions, thio is the golden key to open the door more than mostenewables will ever be because you move needle withnatural gas, and a five to ten year feared, --deal period, you can solve emissionts issues in the country.eel melissa: is the hammer coming down from a regulatory point ofo view on natural gas? especially when you talk about shale or fracking, and are you e concerned about that and
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america's energy independence as a result? >>nc well, i'm concerned about regulation in general. we have over regulation, particularly at the federal level. now, everybody in his right mind wants to see anything that'sth done in the business be done in the safe environmentally respectful way, but i'mll confident and pipeline terminal company, not an upstream oil anl gas company, but i think i know enough about it i'm confident fracking is safe.g you got to make sure you'redril carrying out the drilling program is correct and i think any third party, independention examination of fracking will show it's a safe way of proding natural gas and oil. melissa: i had not heard it before, but you received the ceo of t year award because you received a dollar a year salary, no restricted stalk. you own 24% of the company's stock, and, of course, we heard you are loaded because you moved
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up on the forbes list. t should moreha ceos take that approach? where you're just a sphok holder? >> i think t the reason we did this, almost 15 yrs ago we started this, working if a dollar a year, is that i think any time you can align the interest of your shareholders with their senior management, that makes a m lot of sense. not everybody will found a company, and not everybody with, i don't think you can expect every ceo to work for a dllar a year, but i think the more you can align the ceo and the shareholder. nobody objects to paying ceos good dollars if the company's succsful. they object to sweetheart packages that the company doesn't do well and senior management still does well. that doesn't happen here. melissa: refreshing to hear that logic from a ceo, particularly, from an industry giant. speaaing of energy industry
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giants, no that the election is over, what happens with the key stope pipeline, and plagued with controversy, and the northern section is still up for debate. transcanada hopes its revised route eases concerns over the environment tally sand hills reason. i had a chance to ask russ to lay out the details. you can see there's quite a few loops along to way to make sure it doesn't touch the environmenlly sensitive area. are u calling the president's bluff saying we've done everything we're supposed to, now approve it? >> we've done everything that we are supposed to do in the whole process that started, you know, well over four years ago, and
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this is just the latest, you know, adjustments made to the route. the route has had, you know, ma adjustments since we started. you can see by the map, we moved the route, essentially, out of the sensitive sand hills area as defined by a nebraska department of environmental quality. the original proposed route submitted in april went under further review, with four public commt meetings, which gets you down to the minute level of review. we look at dugouts and those things with land owners, and we tried to route around, you know, whatever sensitivities raised. 675 land owners raised issues. through that process, in july, we summarized that along with their own comments, and this proposal was a response to the comments where we, i think, got down to the most mite detailed level where the concerns and den our best to dress a them. melissa: looks like it. what happens before the election? >> well, i think that we have -- what we've before told in terms of the process is that the
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nebraska department of environmental quality will reach a conclusion by the end of the year, and make a recommendation to the governor assuming he signs off on that. the department of state has said that they will make a decision in first quarter next year. that's the time frame we're working from tay, and at least at this point in time, nobody's made any adjustmes to the schedule. that's what we working towards very hard to make it happen. melissa: so that's after the election you think something happens? >> that's the schedule that we're working on right now, is one that occurs, a decision occurs sometime in the first quarter of 2013, but, obviously, the soon r we get that done, the sooner we can put, you know, the americans that want to get to work on the project back o work. melissa: how many, by the way,? how many jobs would this create? homuch oil would it bring to the u.s.? >> the jobs created on the gulf coast section that we've currently have under
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construction, you mentioned that earlier, there's 4,000 people we put to work, professionals, you know, pipe fitters, and well welders, laborers. onhe keystone portion, that's 9,000 direct jobs created as a result of a starting construction. melissa: are you frustrated how politil this has gotten? >> obviously, it's not a place where any comniments to -- company wants to be, in a project that has attracted as much attention as this has done. we've done the best just to comply with the regulatory process and get the job done. obviously, not where we want to be, you know, it's been, as i said, over four years now, the most comprehensive review one would imagine for a project like this, but the benefits of that will be that americans will get the safest pipeline built. th will bring supplies to america in the safest waay.
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melissa: how have you become political, and slowed down so much. what do you estimate the cost of it. >> i wouldn't put an estimate of cost. we want to ensure we get it done right, but, obviously, we got about $2.5 billion into this project in its entirety today, on the keystone xl section, that's $1.5 billion near the project. the sooner we can get that -- that, you know, that capital productive, that's good for, as i said, the jobs it'll create, but at the same time, oil will start flowing. we'll em prief securities, and, obviously, from the shareholders perspective, that will be money that starts to earn and at the time, that's not earning return for us. melissa: it's a shame if it doesn't come to fruition because the oil in canada goes to asia. russ, thank you for coming on the show and making your case. best of luck to you. >> thank you very much. melissa: of course, we'll continue to follow the progress
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of the keystone xl pipeline closely. it will be interesting to see how it plays out. now you heard rich say fracking is good. let's take it a step further. when i spoke to environmentalist, he said fracking actually makes us rich and pollutes less than other alternatives. he also calls fracking, quote, "by far the decade's best green energy option," and he started off the interview by sayi that carbon emissions are at the lowest level they've been at in 20 years. >> and, actually, per capita, down below what you emitted back when eisenhower -- melissa: because people are driving less, going out, buying their priuses and their, you know, whatever else? >> there is a tiny bit of that, bbt the vast majority i because you stopped using coal to produce electricity and use gas. gas used to be 20% and coal 50%, but now it's 32% and 32%.
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making fracking cheap, you achied what nobody else could do, lowering carbon e emissions. you lowered it twice as much ass what everyone else, including the european union managed to do. melissa: the price has plummeted. it was hurricane katrina times, up $15, and now it's down torina about $2. it's so cheap and plentiful, but people don't want to sort of embrace the idea this is good for the environnt because it is, after all, a fossil fuel.ue. >> it is.t it's not the end of the solution to climate change, but, listen, we have tried for 20 years witho kiota and the e.u. wanted to dod goo.d. we -- i'm from -- we paid $20 billion or $30 billion to cut emissions, and you've done it for free, actually, made moneyyu doing it because you got cheaper energy. that's theth way forward. also, for china and india and
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everyone else. melissa: proponents of solar and wind don't want to hear is while fracking has been profitable, it's helped the environment, but at the same time, you look at things, like, a big story from w wyoming, why theyh drill, anddrl there's a well that is contaminated one way or the other, and seems like in the reports dealing with this and the neighbors in the neighborhood are saying, and s this is pavilion, wyoming, it's, a result of the fracking nearby, and that's a cas they point to that it's bad for the environment. >> nothing is just fin.. fracking has problems. we have to have it well-reellated. people don't know the water you get is from 100 feet down and fracking is, like, a mile down of the it's not like the two are intersecting, but you drop thet drill down ithe water.insu you need regulation. melissa: right.ight >> you also got to recognize if you care about global warming and cheap energy prices, and if you care about energy indpensz, this is a great opportunity.e
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melissa: people in the businessm ke the point when you see it, it's a mistake in the well going wrong opposed to, you know, pollution as a result of generas fracking going the way it was supposed to. you make the point it's lowers energy prices, which is absolutely true. it's going to make us moreus m energy independent. the problem is,ep though, it doesn't replace oil. it doesn't replace gas leap. you talk about swapping it out for coal. >> we were not running out of coal, and there's plenty of cool, but, remember, a lot of companies, especially trucks, al are talking about let's move trucks to gas instead ofurse gasoline, and, that, of course, lowers or increases your independence, and, of course, also, the fracking of oil looks likely to happen through the exact same outcome so in reality,his is a technological breakthrough that provides us with a lot of benefits, and this is really where i want the environmental debate to get back to. we have been preaching for 20 b years, can you do with less?
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switch off the light.tch that's a very, very hard sell. if you can come and say there's the technological solution thatt actually makes you richer and is polluting less, hey, everyone w embraces that. melissa: aolutely. fracking for oil is more prevalent now. thanksor coming on. very interesng. i love the point asking people to make due with less is not the way to go. it's much more effective to say the technology of fracking can help make you richer, who wouldn't go for that; right? next on "money," investorring singing the -- investors singing the blues after the election for sure. don't give up. don't dispair. it's okay. four things to keep cash rolling in no matter what. plus, is iran's answer to financial stability gold? reports say the country is importing billions of dollars worth. we're going to tell you why. we're going to tell you why. muchch more can i help you?
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♪ melissa: okay. i staid it before, and i'll say it again. moving forward here on money, and i want to help you do that too. you know, some people may be thinking we're stuck with another four years of president oba's economic licies, higher taxes, more debt, but you can ke money. i promise!
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i recently got the low down on exactly what to do from spencer patton, the chief investment officer at steel vine investments. he started off giving his recipe on how to handle tax changes for capital gains and dividends. >> capital gains taxes are gng higher. it's just a matter of how much high they are going. the smart thing to do, whether you own a business or own stocks is to sell. if you hold from december 31st to january 1st, you're taking somewhere between a 5% to a 15% hit because you're going to be paying more taxes. it's rising from 15% onongerm term capital gains. first, raise capital. sell what has been winning foru. you. melissa: get out while the getting is good. we saw that in the target -- stock market the past two days. the second thought is buying a single family home, how come? wh >> do what warren buffet does. it's a great strategy. if you can do anything, he would
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buy 40,000 single family homes and use them as rentals. that makes sense here because if you can get a loan, you can get rentals, which are incredibly attractive now and get a good passive income for yourself to giving you the chance to have gains as well on the price o the home, eventuallyiati appreciating. melissa: eventually when e the x policy changes. good you brought it up about buffet because we'll talk aboutt that in the show, another great idea to make money from thelk a realize play he's in. the third idea is gold. >> right.e th nce the beginning we've been keeping records, there's a great chart that shows as the monetary base grows, so does the price oe gold. back in 1930, an ounce of gold uld buy you a fine men's suit. today, one ounce of guy still buys you a fine men's suit. a it's a great protection of your purchasi power.your gold is an amazing safe haven tb be. it's a long term investment.
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don'look at it for six months or a year. it's a good place to have yourtl portfolio giving you protection. melissa: your final idea is being defensive in stocks. what do you mean by that? >> yeah. i don't see anything atrackive saying i have to buy stocks right now.th they are within 10% of the all-time highs, even with the pullback. there's an argument saying theyi are cheap, but i don't know we're past everything that hasyi to come to light, all the debt debate, the fiscal cliff,, capital gains taxes. there's no compelling reason toe buy here over the next two to three months. let some of this pass, use your assets in other places, raise cash, and then you're in a better position to earn money once 2013 starts. melissa: the thing your ideas have in common is an idea of hunkering down, and sort of of having this investment over a long period of time. why wouldn't you hunker down within the target? give president obama credit thah whether it's because of the fed
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and easy money or whatever it's been, the stock market has donee well. would you buy some favorite stocks and plan on holding theme through the entire next four years? >> you know, i've always been an advocate of buying stocks that pay high dividends, but taxes going from 15% up to 40%. that takes a huge wind out of te the sails for that argument so, you know, the timing is everything. timing was good to buy stocks at the beginning of obama, and now, not so mh. housing is a great place to be because it's cheap. melissa: i have to say i felt better after hearing spencer's ideas. don't you feel better? come on. great advice like that coming from top experts. it'sll about looking ahead and knowing what to do with your money. all ght. coming up, iran's thumbs its nose at western sanctions. we'll explain how it's using billions of dollars worth of gold to stay financially afloat. plus, what goes up must come
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down unless your red bull's brand. how fearless felix's record space jump may have revolutionized the world of marketing.
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♪ melissa: turning to the middle east here on "money," iran is experiencing crippling inflation because of the latest e.u. sanctions, but reports now say that the country is responding by importing substantial amounts of gold. in fact, official turkish trade data shows nearly $2 billion worth of gold was sent to dubai on behalf of iranian buyers in august alone, just in august. this is just on the heels of iran announcing they are invested $100 billion to boost oil and gas production. is this how they are getting the
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money to pay for it? i asked the founder and president of the american islamic forum of american democracy. there's great reporting on this saying that their sources saym couriers carrying millions of dollarses worth of gold in theie luggage flying from istanbul tot dubai where the gold is shipped to iran. what do you think? does this sound plausible? what does that mean? >> oh, absolutely.y. i'm glad you're covering thisd because, you know, it's the untold way of bypassing the sanctions against iran which have been somewhat effective. i mean, we saw it drop 30%, inflation up 50% as iraniansoing citizens are concerned aut theaa value of their own monetary values so at the end of the dayt what's happening is they, forey example, turkey is shipping gold. iran is selling its o, and turkey's paying for it through it, but then they convert it to
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gold. iran gets paid in gold and uses that gold to buy other products around the world, and they continue to function in an economy with china, india, south korea, and other countries nothr buying into the sanctions, and, thus, they continue to create app economy frustra sanctions. lk about this, expose it, impo harr sanctions on iran. melissa: what is it we can do about this? >> well, you know, i think it'st more complicated than that in that first of all, turkey supposedly is in a approximatey civil war against iran and syria supporting the opposition so either they are speaking the truth or openly lying, and we can have a much stronger statement from the president looking for regime change inia syria, and all the while turkey funneling millions of dollars to iran. one is a war of words.war second, is also other partners s like dubai who supposedly is ani ally that also is just a hundred miles across the sea from iran,
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and shifting also some of that gold to them so we have other. players. india's an ally, other allies subverting sanctions through the new identity list gold economyys providing $1 billion to $2 billion aonth bypassing t sanctions. melissa: when i heard they were investing in trying to boost oit output, i thought, no, i don't believe that because where are they getting the money, but now you see where they are getting the money. in a lot of ways, it seems like this investment is unstoppable. the whole thing seems unstopeble. >> well, remember, there is somm impact from this sanctions, but they can make up numbers aboutay its own investment. i don't think they have $100 billion, if they did, the pric of the food would not go up 50%e as it has in the last year. 5 they are exaggerating numbers in order to do their own bailout and tell the country their bai
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dollars are good, investing in the petro gold economy, i think it's luster. they are exaggerating to tell the people to have confidence in the oil, the oil industry, i selling 22% to china and 13% to india. melissa: fascinating insight. he's always able to cut through the noise. we'll follow what's happening in iran and bring you the latest developments. all right, next on "money," will tax hikes for the rich kill economic growth? i say, of course, they will, but a huge supporter of the increase is here to disagree with me. breaking out the calculators. you don't nt to miss it. it's a fight to the death. plus, fearless felix redefines "awesomeness," the super sonic space jump just doesn't break records, but sends red bull's brand into the stratusophere.
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♪ melissa: so whether you earn $250,000 a year or not, you're going to feel the effects of the tax hikes on the wealthy. why? because it's going to kill economic growth, and that could make it harder to get a job. it seems vious to me, but a new congressional budget office report nixes the topic. the directer of exterm government affairs with economic policy institute thinks the report proves me wrong. never. fortunately, he was brave enough to come on and disagree with med >> clearly, we released findings several weeks ago, nice to see it confirmed by the congressional budget office. it's not to say when you increase taxes there's economic consequences. of cours there are.e it will cost jobs.
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melissa: done, debate over. >> it cost jobs less than doingm other things.ss melissa: like what?a:>> >> if you read further in the report, it talks about the expiring payroll tax cut as well as provisions on unemployment insurance will actually costp to five times as many jobs as t tax cuts forhe rich. there's better ways to usellar public dollars than tax cuts for the rich.'re that's a we're saying. melissa: i don't know why you want to raise taxes on anyoneyoe when theconomy is basically stalled.ms seems crazy to me. >> well, at some point everyones says in washington we have to do something about the deficit, and here's a good place to start.str if you need to actually bring i, revenue, the best place do it is where it does the least harmt that's on tax cuts for the wealthy. that's something that's really unassailable. now, if we were in conditions when we didn't have any deficiti issues, of course, we wouldn't have any need to raise taxes on anyone one, but we have competing priorities and have to
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find a way to pay for them. melissa: we have a spendingwe problem, h drunken sailors, a credit car to run forever, and we just can't. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive the economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no fun; right?in what's the point in doing it. >> bring it on, melissa, bring it on. do melissa: there's many times in the past where we've loweredn mortgagal rates and increased revenue.es if i we to conceive it's a revenue problem, it -- which i'm not going to, but for the sake of argument, under for kennedy, reduced the top rate
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from 90% to 70%, in and in that time, revenue into the treasury went up from $94 billion to $15n billion by lowering the marginal rate. right there, there's your guy. look at him. >> you know, we can look at that, but, remember, that was i the 1960s #. the problems we have today are a thele bit different the problems in the economy right now, the reason that we're in this economic malaise is because we havthe a big gap between what the economy is producing andnd what it can produce. the way to fill the gap or shrink it is to get people outd there buying things and spending money. tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because th already got aof whole bunch of money and
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investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> thehave the money, they are spending it.they they will not spend less because they have a marginal tax rate increase. it's not like all the sudden, you know, bloomberg or romney says we can't go to dinner next week. they will still spend money. it's a matter of saying how doho we get people who are not at that level to have conditions where they can spend. melissa: in the 80s, they lower tax rates issuend revenues go up, and revenues, 1981 to 1988, from $599 billion to $909 # billion. i'm just saying if the problem's revenue and you want more money in treasury, there seems that's a period of time we did it ti defentively according to the math. >> that is true, but we also, you know, looke at the 60s and
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the 80s look at the 2000s with the most recent tax cut regime. what did it to in the economic recovery, gave up the worst performance in economic growthrr and worst performance in job creation. melissa: i don't know if that's what caused it. >> you can see tax cuts are not necessarily the solutions in all circumstances. melissa: all right, christian, thanks for disagreeing with me. it was a lot of fun. i love when people disagree with me, but i told christian when he comes back, i'll be le civil, i promise. all right, up next, it just doesn't get any cooler than this. fearless felix shatters the sound bearier with a record setting space dive and red bull conquering with the space with a brand coming to fruition. you got to see it. plus, a 9-year-old girl tears up the football field leaving boys eating her dust. i love it. maybe she's the answer to te
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melissa: red bull gives you wings, at least for a daredevil sky diver. here's feel lix in the process
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of breaking four world records. he flung himself out of a balloon in the red bul sponsored jump. the height reached and speed all made the jump dangerous toay the least. yet 8 million people tuned in to watch it streams live online. was that a risky move for red bull or a pr masterpiece? i asked those very questions to bruce, executive creativebr directer. >> ordinarily, you'd think thatd kind of thing would be a disaster for their brand, but, member, the key to branding is to talk the audience. red bull's audience, it's not you or me.cifi melissa: theydon't care if you die? it's not a scary thing for you? you dig it, into it? >> no, no, no, they are not dyg, but their guys doing crazy things, motorcycles,mo skateboards, into extreme sports. the kind of guys whose motr
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said if your friends jumped off the k roof, would dough do it also? if they were honest, they would be first. melissa: those are the y customers. >> exactly. melissa: i was listening to all the reports about this today,toa and they said there's a good chance that as eyeballs would wu explode in the head, that hisath face, the mask was freezing, and so, you know, they were pretty u sure that he was going to go g into the death spiral, all this good pr? these things happening,th streaming le, watching thistr happenea to someone is good pr e red bull? >> think about every kid on a skateboard out there. his eyes were going to explode melissa: from the pressure. >> dude, dude, did you see that red bull guy? his eyes blew up. 8 million would have been nothing. it was a win-win, a brillnt masterful stroke. could be the best stunt of allf time for the time being. melissa: these people who want to watch eyeballs explode, and,t
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youo know, not phased by the guy potentially dying, they are smart enough to have a job and collect money to buy a product? >> of course they are. red bull sells $4.2 billion in r product a year. that doesn't mean the people drinking it don't harbor of aspiration of being this guy.e they are not wearing the suits necessarily, but they want to think they could be. li they want to think, hey, that could be me. i'm drinking the product, wearing the brand, the hat, the sweatshirt, that could be me. melissa: wow. how much do you think they paid for it and how much was it worth? >> well, i don't know what theyh paid, but ifey you lk at what they paid overtime, they spend about 30% ever their dollars on marging, and as i said, they grossed $4.2 billion euroowes. they work in a hundred sports,ty represent or sponsor 97 athletes. they spend a lot of money.they they don't spend money on typical advertising, on
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measuredtizing, but on this thing. look at what they spent in a couple days when he didn't go up. they said it was $60,000 in helium. they had tohe take the balloonse out of the cases.ba once they are out, you can't use them again.m the balloons cost a couple hundred thousands dollars. they supported this the last five years. they spent a fortune. at the same time, they are going to be in the record books forin years to come. melissa: forever, forever. bruce, i learned number one, it's genius, and if i see my sons with a container of red bull, i'm taking it from them and taking them to the therapist because this is terrifying.ng bruce, thank you for coming on. we appreciate your time, good stuff. >> it was a treat, thhnk you. melissa: i've got to say it seems like it's hard for red bull or any company for that matter to top that stunt, but the sky is literally the limit. i can't wait to see what they come up with next. coming up on "money," a daring heist that makes bonnie and clyde proud. how everything from motorcycles to axes were used in the
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multimillion dollar mall robly. look at that. that's crazy. that's next. plus, do you ev wonder what good seat belts are on a plane? according to app airline ceo, they are no good at all. wait until you hear how people should be flying. we got the details. thers never too much "money" thers never too much "money" or too many is is want to try to crack it? yeah, that's the way to do it!
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now we need a little bit more...
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melissa: time for spare change, the favorite part of the show. the money version of the light ning round of water cooler topics. how about that? here's fun we had recently with the sandra smith and david as asman.f >> watch this, you will never believe the video, thieves on motorcycles inside a london mall, six men drove into the mall with axes and bats. w you can see one of them waving an ax around in a mew movie,m this is real.th robbed a jewelry store and got hundreds of thousands of dollars of watches.t rolexs, and police found the motorcycles in a nearby guck within the hour, but they are looking for this stuff. can you believe this? they drove to a golf course ands left the motorcycles. good thing nobody was hurt here. david: no, no, a woman had a
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heart attack afterwards because she was stocked by this. it was the chain snatchers. snatchers. you were in chicago, but there was this era back in the late 80's and early 90's. before ready guliani came in. these changes would go lie on motorcycles and grab women's chains. sometimes they dragged into their deaths. i'm hoping that what happens in london stays in london. melissa: why would you go inside the mall to rob a jewelry store. >> for the money. >> but lots jewelry stores l over the place, d then the axes are interesting. the kind of have to be closed. i don't know. >> paid off. melissa: okay. moving on, michael o'leary, the ceo ofryan air says that seatbelts on a plane out pointless because if a plane crashes a seat belt won't save you. this cld be because he wants to create a tanding-room-only
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cabins for student and budget avellers. he said the passengercould just hang on. just hang on. >> every time you use the bathroom. melissa: i think that they serve a purpose. there have been times. i have had a hard lnding. >> even turbulence. melissa: iwas thinking abou that. >> says he would offer some of the standing room flights for a ttle more than a dollar. would you? >> he claims that there is much less turbulence in the european. therefore. but he's not going to. think he's just trying to get some publicity. >> are harnessed to mustert the end. melissa: i don't know. you stand on the subway and attended church in that sort of thing. >> but it's not necessarily for landings and takeoffs with those moments when suddenly.
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melissa: are when they sit rotting into turbulence, put your seat belt on. then again, they tell you to turn off your cellphone command be on the that's baloney. who knos. moving on to sports. us student fired for intentionally deflating the football from last weekend's gamegainst oregon. officials discovered somof the under inflated balls before the game started and more at halftime, but in the end, you know what, usc lost anyway. what do you think? she is never win. cheaters ever win. a mixture -- it makes it seem like bad. that is apparently his makes it easier to catch the fotball, never. come on. >> i hate to tellou, butin this case if they have been seeing all season they are winning. they have a winning seaso they're not number one, but there never too. a 6-3 season. melissa: going on all this time. >> i don't know how you check
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and make sure. i don't think you can unless you want to suspend them. >> more regulations. let me tell you something. now we're going to have even more. melissa: all right. checking this out. a 9-year-old girl playing tackle football. get this, she is good. she has run for a staggering 251st downs, ten conversions, iginally cuts is just thought they could use air for a drop. holy cow. melissa: to canal runs a little sister. now she is one of the fastest kids in the salt lake city area, and there was just one time did she get a little shaken on the tackle. what do you think? i love it. this is oiously going to be a movi luck. but get how fast she is. >> the problem is, she does get title occasionally, and she
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weighs 60 pounds. she doesn't even weigh 60 pounds. see is up against some tackles, some of these guys are 150 pounds and she is against. >> this tackle football. >> yes. this is full force tackle football. prefer. melissa: look better. go. i love it. so many kids get hurt in this port melissa: just enjoy it. melissa: that last for another ye. melissa: moving on to all before nancy pelosi was reelected soone broke into her psyche wind and on monday night.@ a unclear whether a thing was actually stolen. what do you think was going on? in my pool house. all

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