melissa: let's take it "off the desk" and over to texas where for 20 bucks you get to do this, 15 seconds above houston's livestock rodeo. this is 600 foot zip line gives visitors a bird's-eye

view of everything going on with the cows. it gets pretty crowded down there, david. last year more than two million people visited this event. more than 150,000 on a single day. 20 bucks, three minutes. you get it. david: i wonder how high up the smells waft? time for top two things to watch tomorrow, number two, of course the markets. we'll watch to see if the dow posts its fourth straight record-setting performance. it closed at another all-time high. all three major indices are on track to end the week higher up more than 1 1/2%. liz: the number one thing to watch tomorrow, the february jobs report, 8:30 a.m. eastern time. economists expect nonfarm payrolls to rise 3,000 to 160,000. the unemployment rate to stay steady at 7.9%. so, you're looking for that number of 160,000, right? so okay, watch out for that and much more including a possible new record once again for the dow. david: in fact one could affect the other very

easily. we'll be watching. meanwhile you will watch "money" with melissa francis which is next melissa: i'm melissa francis and here's what's "money" tonight. bracing for a bear rampage, the rally for stocks looks almost unstopable. much top hedge funds are bailing out of the market like it is the titanic. are investors getting mauled? we'll tell you what the bulls are missing. plus the fracking boom is flooding states with money but new york is turning a blind eye. it just extended a drilling moratorium for two more years. talk about missing the boat on a huge opportunity for the state's economy? we'll drill into one of the lawmakers that wants to sit back and wait. with legalizing pot a half-baked idea? in colorado it is turning into a major buzz kill. the taxes and regulation have some saying they may not make any green. green backs that is. so was it all worth it? we'll smoke out the truth. when they say it's not it is

always about money melissa: i swear i'm not as bad as i sound. first to today's market moment. the bulls march on, a mixed bag of economic data wasn't enough to knock them off their feet but optimism about the job market rose. following a better than expected drop in jobless claims. the dow set yet another record high and posted its fifth straight gain. the nasdaq closed at a fresh 12-year high and the s&p 500 is just 21 points away from its all-time closing highs. only one major u.s. bank did not pass the fed's latest stress tests. ally financial was the only bank out of 18 not to hit the mark. overall the fed says u.s. banks have enough capital on hand to endure a severe economic downturn. all right. if you're anything like me, you're sick and tired of

hearing president obama and congress talk and talk and talk without walking the walk. the president made a gesture of sorts last night by sitting down and breaking bread with 12 republican senators. there are a lot of fiscal issues to take kel right now and here with a first-hand account what was accomplished at the dinner is senator pat toomey. welcome to the show. tell me what the tone was like at the dinner? >> the tone was very cordial. we had a wide-ranging covers. it was candid and there was a wide range of views but certainly it was very cordial and cooperative. melissa: so what do you mean it was candid? >> well there are areas we have pretty strong disent grews. i would say both sides have been disappointed by the other side in different ways. some of those things came out not in a harsh way but it candid way. melissa: do you think it was a photo-op or something to give people the impression that maybe there was a coming together? was there a legitimate exchange of ideas?

i mean how much progress, how would you characterize it? >> yeah. let me be clear. this was never an attempt to strike a deal or to really even to begin negotiating a deal but rather more an opportunity sort of exchange views, sort of test to see if the other side really wants to make some progress. i will say the president said a lot of encouraging things. the question will be, does he follow through? does he provide leadership we need? does he bring democrats from the senate to the table to be willing to actually tackle the spending problems that we have? you know, i think it's a good first step. it is only a first step. it's a small step but --. melissa: what did he say that was encouraging? >> he talked about his own personal willingness to make some tough calls and to part ways with some of the folks on his side to get spending under control over the long term and recognize the, you know, the validity of some of the things we were

saying. i don't want to get too carried away here. i'm not suggesting that we were all holding hands singing kumbayah. it wasn't quite there but, at least it was a first step. melissa: you know, we talk to business leaders and ceos on this show all the time and they say what they read from the dialogue going back and forth from everyone in washington is that no one's trying to make a deal. that everybody is trying to make their point. if you were really a ceo out there negotiating on a deal, you would be giving the language, the language would be different. >> right. melissa: did you get the sense last night that he really, that either side really wants to make a deal? >> well, i know for a fact our side wants to make a deal, a deal that will get this economy moving again, reform our tax code, get us on a sustainable spending path. as i said the president said all the right things last night and, yeah, i agree --. melissa: do you feel like he wants to make a deal based on what he said last night? do you feel more hopeful? >> i would say his message last night was very constructive and encouraging.

the important question is the follow through. is there follow through? does it include senate democrats because obviously nothing can pass unless senate democrats are on board. at least many need to be on board. i think time is the only proof as how this all turns out but i thought last night was a constructive beginning. melissa: you guys met at the jefferson hotel. i was curious why that was the location? is that a neutral site? >> as you know the sequester kicked in so i imagine they had to lay off all the chefs at the white house. i don't know why it was the jefferson. that was the choice. melissa: okay. so you, what, in your mind what is the next step from here? what should we look out for? >> well, you know, i think we've got, to continue the discussion but get a little more specific and concrete with some of our democratic senate colleagues. i'm, i sit on the finance committee. that is a committee that has jurisdiction over entitlement programs and the tax code. if we will get something done through the senate that includes, these are the giant challenges before us, it is probably going to

involve our committee and so, i'm going to be meeting with every single democrat on the committee to see how serious is the interest here and is the president providing the encouragement and support that ses going to be needed. if there's a will, i want to solve these problems. i want to get this economy moving again. if we get our act together here, i think we could have strong growth once again. so i'm going to give it my best shot. melissa: senator toomey, thanks so much for coming on. >> thanks for having me. melissa: so it is a bull run on wall street but are the bears getting ready to crash the party? or will the market hang on to these gains? we have our money power panel to spell it out. james freeman, assistant editor on the ws jet editorial page. david waddle, ceo of waddle associates and global market strategist, uri mann is with us. let me start with you. what do you think? are the real fundamentals behind this or is this just the fed at work? >> no. this is, there are no fundamentals behind this. the real economy is

definitely stumbling here on life-support and the life-support here is the free money that the federal reserve is printing just like you said. if it wasn't for this money, the profits that these corporations are reporting would just evaporate overnight. so there are just too many bubbles that are affecting the economy today and there's a very good chance that the stock market is going to fall at least five to 10% in the next three months. and it's not just the printing of money which is a bubble. you have the derivatives bubble. you have the student loan bubble with more than a trillion dollars in student debt that is outstanding and getting riskier by the day. you have macro issues. the chinese have their huge real estate bubble, the largest in world history which is on the brink of disaster right now. and conflict around the world. the middle east is the most dangerous it has ever been in 50 years. there's a very good chance we could see a spike in oil prices f we see a spike in oil prices it will have devastating effect on the u.s. economy. melissa: james, do you agree

with that? >> i agree the student loan bubble is problem. i agree the fed is printing too much money. i am concerned how they get out of it. i would be more optimistic about u.s. business. it has shown it can operate well in a tough environment the last few years. if you look at earnings ratios stocks are not wildly overpriced. you think of a bubble, this doesn't really look like it when you look how they're priced relative to earnings. melissa: the problem is though, david, i will let you address this, of course the fed has tripled the size of its balance sheet. when this whole thing started it was below a trillion dollars. it is now 3.1 trillion. at some point they are going to exit. we heard more and more talk this week about what is going to happen when they move for the door. everyone else is as well. won't that crash the stock market? >> you know, it's not the beginning of a fed tightening cycle that mortally wounds markets. it is the end of a fed tightening cycle. if the fed is compelled to tighten that means accelerated into the real economy. to me that might cause a

short-term disruption but if you look at history a marker of a decent situation. indulge me for a second and i want to address uri's point a little bit the big picture on planet right now we have six, 7 billion people on the planet. we're going to nine to ten billion. we're going 50% urbanized to 0% usual nice. we'll urbanize another three billion people. that urbanization path is powering prosperity across the globe. this year global gdp will be 70 trillion. the global economy will grow 3 or 4%. that adds in economic size about the amount of brazil. so there's huge macro forces at play here. so you've got macro forces in the economy from urbanization. you have got the fed, you know, dumping a bunch of liquidity in the system and by the way when we run deficits that's stimulus as well. that is pervasive across the world. enormous amount of stimulus going on here. melissa: let me take on your first point, uri, he said

when the fed gets out that means things are going pretty well. not necessarily. they said they will exit when unemployment hits 6.5%. that is it not necessarily very terrific. that is not the beginning but it's the end? as soon as they signal they're selling many famous hedge fund managers said they will get out like nobody's business. >> melissa, the issue here is what is the real economy and are we creating growth or are we not? the short term you see today free money is flowing to the large companies, the stock market is going up but traditionally the economic engine of every country has been small businesses and small businesses today are struggling more than ever. they do not have access to capital. they do not have access to funds. and until they do, we're not going to see real growth. and that's unfortunate. that's the real situation. and we've seen central banks around the world trying to, trying to artificially prop up stock markets in the hope that there is some sort of trickle down effect. $6 trillion of money has

gone from central banks around the world to the economy. melissa: james, these guys don't even come close, i'm not sure -- >> badly when the fed starts to tighten. melissa: oh. >> not just hedge fund guys getting out. you also have our government, basically the fed's been enabling this borrowing binge. they're paying 200 billion a year. it's manageable. if those rates start to go up, this starts to be very painful, forcing political choices. so it could go wrong a lot of way. >> yeah, absolutely. david, what do you think about that? >> well, i think, again we've got to go back to the math. housing permits, starts, construction activity is up 30% year-over-year. by the way, global -- >> 0 from what though? >> i'm sorry? >> 30% from what? >> a low base, growth is growth. >> it is anemic. >> house network is 66 trillion where it was in 2007. you can argue about the absolute level but the trend the market cares about. melissa: okay. >> we're by the way from a sentiment perspective, i'm so glad we're arguing about

this. that means there is enough bearish sentiment which is powder dry will enable to the market to go higher. if we're going to sell because the fed will tighten when unemployment gets to 6.5% which won't happen until 2015 you guys will miss out on a huge run in the market. melissa: that is important point. the exit isn't imminent. i think when it happens it will be really swift. that is a concern for a lot of people. thanks for all three coming on. we appreciate it. >> thank you. >> thank you. melissa: here's our "money" question of the day, do you think our market rally will continue? for how long? most of you say no, that it will only go as long as the fed pumps into the economy. my thoughts exactly. like us on facebook.co facebook.com/melissafrancisfox. follow me on twitter. up next, new york state turns its back on tracking for another two years. one of the legislators backing the moratorium is here to explain why he thinks it's better to potentially miss out on the economic opportunity of a

lifetime. plus new economic sanctions on banks and cash couriers in north korea. has the regime threatening a nuclear attack. you want to hear this one. more "money" coming up.

♪ .

melissa: so now on to new york and the new delays in fracking. the state blocked a process for two more years all while oil and gas drillers are fleeing elsewhere. new york imposed a moratorium on tracking in 2008. experts say the state is losing out big-time while other states benefit from the boom. with me now is assemblyman richard godfrey who voted in favor of the additional delay. welcome to the show? why did you vote in favor of the delay? >> well, first of all i voted in favor of the delay. it pass the assembly overwhelmingly. it has a way to go and has to pass the state senate and be signed by the governor. i voted for it because i think there are enormous risks with fracking, risks to our water supply. to the agricultural economy of upstate new york. the tourism economy. turning large sections of upstate new york into a essentially industrial sites

with trucks going in and out with, in with chemicals and out with wastewater, i think is an enormous hazard to new york's economy rand to our health. melissa: okay. let's drill down on those a little bit. >> the main point of the bill --. melissa: one by one. you're talking about, how injurious it might be to people's health. the epa has gone over and over it they repeated i confirmed fracking has no proven incidents of groundwater contamination, do you not trust the epa? >> well i'm not sure that they have said that i do know that the epa is still conducting a major study on all of this, which is going to take some time to do. the state of pennsylvania, which has a large amount of fracking is also, as i understand it, now conducting a major study into health impacts. melissa: that quote was actually from the epa and in a u.s. senate committee on environmental and public works a report they put out

about fracking. >> well that may be but, they are also, as far as i know they're also still doing a major study. so they must have some concerns. and, the bill calls for that study to be assessed by our state university school of public health which i think is important because while that's part of state government, it has, as an academic institution i think fair, well, fair independence and an enormously high degree of professional credibility f they can come to a conclusion, really quickly, then the fracking can go forward. melissa: okay. let me ask you the congressional research service in addition -- >> we have a lot to learn here. melissa: hang on a second. the congressional research service, in addition to the epa's report put out its own report in july of 2012 saying hydraulic fracking has, there are no reports of

it being linked to incidents of groundwater contamination as well. >> well, i don't know how, the research service could say that because there have been numerous incidents of accidents and, no one can really know about the migration of contaminated water when it starts out that far down and so many miles from the wellhead. the potential for that water migrating through the froured -- fractured rock up into aquifers i think is very substantial. melissa: what are you basing that on? i mean the epa and congress disagrees with you what would convince you? i don't know what you're basing that on? if these are government reports and from the epa on -- >> i'm basing it on, i'm basing it in part on scientists who have testified before my

committee. i chair the health committee in the asassembly and our environmental conservation committee. and i base it on my confidence in the state university school of public health to do a professional analysis of this. and if they tell us that the people who are concerned don't really have a basis, well then that's what we will go forward on. melissa: okay. >> but i don't expect that kind of clean bill of health. melissa: no. it is clear that you don't expect it. all right, assemblyman, thanks for coming on. >> okay, you're welcome. melissa: time for the fuel gauge report. a massive wake honoring hugo chavez was held today. more than 2 million people reportedly showed up. meanwhile no date has been set for the presidential election it replace chavez. it is supposed to have occurred within 30 days of chavez's death. there is growing talk of possible delay. oil futures saw their biggest gain in nearly a month. solid u.s. economic data and a weakening dollar helped propel the rally.

crude settled up more than 1%. natural gas futures soared to the highest level in a year. a drop in u.s. inventories last week, with much bigger than expected. and cold temperatures across the country have an about you will faing that natural gas demand. all right, next on "money", north korea is threatening a preemptive nuclear strike. stay in your seat. i will tell you why. plus up do founded. investigators can't figure out what is behind boeing's 787 battery fire. that may not stop it from flying again. we'll tell you what you really need to know. do you ever have too much money? ♪ . [ale announcer ] how can power conmption in china,

impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. quest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: so how is this for a headline? north korea is threatening preemptive nuclear strike ends if the u.s. with one army general, washington the strong hold of evil will be engulfed in a sea of fire. this after the u.n. security council voted today to

impose a new round of sanctions against north korea. let's bring in christian whitten, former state department senior senior advisor under president george w. bush. tell me about the new sanctions? >> well they're not really, they are new but they're not. a lot of when you're dealing with north korea policy, you get a sense of deja vu. frankly all of these sanctions have been tried at differing degrees before including a ban on luxury goods which is aimed at punishing just the elites in north korea, the regime elite, kim jong-un and his close advisors. but the problem with all of these they depend on china for enforcement and china has enforced sanctions at times briefly. for instance, after north korea's first nuclear test in 2006 but then it always lets things slide. china specifically rejected including a ban on oil exports in this round of sanctions which is the only thing that would really bring north korea to heel. what looks like new and a lot of diplomatic kerr fluff

melissa: they target elite as you say. ban importing julie, luxury yachts, racing cars to north korea. at the same time though, 35% of the population suffers from malnutrition. so it seems like, i think, i don't know, how big of a difference do these sanctions make? >> right. they will make very little. north korea, one of two ways the country, the regime survivors, -- survives, extorting financial assistance, foreign aid, energy aid from countries like the united states and south korea but they have a big trade in illicit goods, counterfeit pharmaceuticals, illegal drugs trafficking in persons. first of all if they want to get luxury goods across the border they will not have any problem at all. second of all, as you point out, this is a country that average citizen subject to deep privation. if you look at an average north korean to average

south korean almost inevitably a couple inches in difference because of ongoing starvation and low food in north cree. melissa: this reminds me so much of the iranian situation. is there anything we can do to have an impact on it? >> we can, you know, send a message to china, basically stop accepting china's propaganda. this is now the third administration done that the previous two did as well. china's promises they're cooperating that they're turning the screws on north korea. stating publicly that is not true and then making china understand that the conduct of its loser friend, north korea will actually impair china's own security. the way to do that to say, you know, we have this emerging nuclear threat, and we'll have to move more strategic assets into this region to counter the threat. we'll have to have a nuclear planning group which nato has. we'll have that with japan and south korea. those types of things would get china perhaps finally to put some pressure on north korea and it is interesting you mention iran because this is a big

problem with north korea. we see these crazy, those crazy government making crazy statements but the real threat is it is going to help countries like iran and syria get nuclear weapons and that's not just a theory. we've caught them red-handed trying to do that in the past. melissa: is there any chance we would do that? >> is anyone doing that? >> unfortunately it is going to opposite direction. of the president obama has vaunted pivot. everyone in asia knows that is to cover to the precipitous withdrawal from the middle east and central asia. we have new combat ships going to singapore. the navy itself said those would not be combat surviveable. beijing is not worried about any of. north korea is not worried about any of this. we have a president likes to talk about abolishing nuclear weapons, at the same time, north korea, iran, others are really undergoing a great nuclear breakout. unfortunately we're going

into the wrong direction. what that means for business in east asia the risks will only go up. political risks will increase. melissa: chris, thanks for coming on the show. >> thank you, melissa. it is a nightmare that won't end. investigators still don't have an idea what started the dreamliner battery fires. how are they talking about putting the planes back in the air? a top safety official joins us. in colorado legal pot may not be all it is cracked up to be. tax and regulation chaos has lawmakers reaching for aspirin. we'll explain. pyle pyles of money coming up. ♪ .

♪music plays thank you orville and wilbur... ...amelia... neil and buzz: for proving there's nowhere we can't go. but, at some point... giant leaps gave way to baby steps... and with all due respect,

you're history. if you taught us anything, it's that you can't cling to the past... if you want to create the future. that's why, instead of looking behind... delta is looking beyond. pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advances in technology. bringing our passengers the best, the most spacious fleet in the sky. and earning more awards than any other airline... to show for it. so rather than simply saluting history... we're out there making it.

at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors

choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: the dream liner nightmare continues. finally releasing by news from the investigation into the lithium ion battery. then the show, they found nothing. joining me now, the dagger has been on the story since the beginning, for managing director of the ntsb. great to have you back on the show. so, exaggeratedly low bid. it did not find anything definitive, but they found something, for example, the lithium ion batteries went down to 03 different times on their charts. is the significant? >> it is us must happen.

when it drops down like that, it causes a eaction that heats of the batteries. what today's data dump, a 49 page analysis and then 350 additional pages of tax, no one knows what happened yet. billing submitted a plan to the faa. this was their plan on how to put the plane back in the air. the faa has reviewed it. it is on the secretary's desk. he raised some questions about it just yesterday. we will see where it goes from there. boeing clearly wants to put this plan back in the air and start testing it. melissa: are you surprised we don't know more at this point? >> this is really unknown territory. the use of these batteries is unique. the fire in boston destroyed much of the evidence. i think it is a real challenge. now, boeing has a 3-part plan. they're going to monitor the

battery more carefully. they're going to use it in a more restricted way. they will segment of each of the cells of this one stars to go down it will not cascade to another. most importantly, they are really going to strengthen the container that these batteries are located in. melissa: to you feel good about that? >> i have not seen it yet. let's put it in the erin tested. it may be that there never going to find will was the root cause of this. and that is tough to understand, but in occasionally it happens. melissa: then never find the root cause, would you fill comfortable bidding on these plans? >> we have this happen in twa flight 800. the senate wing tank blew up. i was there. we never found out what initiated the actual spark that ignited the tank. we did know how to fix it so that the tank would be non lethal.

it may be one of those. melissa: the rule that mechanical impact damage and short circuit. what do you think about that? >> there was no internal short circuits. it really does the mystery. melissa: okay. there are still considering selling charging. potential manufacturing issues, battery design consideration. that sounds like the whole hemisphere. >> with the battery design we're going to say, you cannot have these cells directly next to each other. so if one starts to cookoff it cascades to the others. there will separate them with insulation, separators. now, in terms of charging, that is the issue. they went to 03 times, very mysterious and intriguing. they have to figure out what happened. melissa: what could cause that? >> i don't know. melissa: does it make you nervous about having these batteries anywhere else? >> no. we need to go forward with

technology. we need to the naked as absolutely as safe as possible, and i think, you know, we're not there yet, but let's see what the plan is. let's see how these tests turn out. it is not going to go back in the air in the next couple of weeks. melissa: and it has been grounded for so long. allied you think it will take the public trust back? >> to get the trust back is going to take some time. to put plans in the air, i would guess sometime late this spring. melissa: how big of a blow is this for boeing? >> i think the market has taken into account. no one is cancelled the sales. the stock has remained strong. it is a bigger place than they ever imagined . melissa: the key from doing so much of the talking. >> up any way that i can. melissa: next, legalized bought in colorado is supposed to bring in piles of revenue. a growing tax and regulatory

maxed to mss be lasting if it is even worth it. will but to the smoke. at the end of the day it's all about "money." ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. if your a man with w testosterone,y. face time and think time make a difference. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications.

do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see your doctor, and for a 30-day free trial, go to axiron.com. when some people struggle with their mortgage yments, they become frozen, but the people who take action, are far more likely to get the most positive outcome. call this free government program for the option that's right for you.

melissa: it turns out there is a

high price to pay for legalizing marijuana, and it is no joke. colorado governor saying, this they will be lucky if it even breaks even given the hefty cost of regulation. it is an uncharted road with a lot of americans waiting to see how they can make money and marijuana. joining us now, christian butterbur, member of colorado's amendment 64 task force. thanks for coming on the show. what do you think of what the governor said? do you think he is right? >> nine -- the key for having me on. i disagree with the governor and his one. and a stint as concerns and certainly we all share concerns about the intended and an intent to have unintended consequences, but think their is a lot more to done. the tax issue, i think it is going to read a lot of revenue colorado. some estimates say 60 million in the first year in savings in taxes. double and a couple of years. it does have to wait and see what happens. his defense of the long, complex

process of bringing forward a number of recommendations. the tax piece is just one of them. melissa: what you think it would have to be to make it worthwhile elected any of the matter involving when it would take to regulate? >> there are a number of different people looking at that, specifically the legislative work rupert. they will look at this. they will, but the number, but it is going to be a general fund appropriation to mostly college means that it will be a well group. you know, we're talking 5-$7 million, i think, for the initial rollout. the taxes will certainly cover that. but the sales tax and excise tax. the same sales tax applies to everything else. that tax alone will generate 5- $10 million more, and in the local sales taxes as well. melissa: he thinks that a lot of the main driver of revenue should really be tourism, related to skiing and that this gets in the way of that. do you buy that argument? >> people having going to

colorado for a long time. you know, when they do come here, i don't think it will be the first time that many of them have thought about using marijuana. suddenly and san the concerns. becker raised legalized marijuana several years you're at the local level. nothing happened. not only did nothing happened, it was listed as of the top ten places to visit in the world. you know, i think i understand the concerns, but certainly when a paradigm shift like this happens everyone is going to focus on whenever their issues are and there really going to, you know, stay very, very concerned about them until they realize that those concerns can be addressed in a number of ways. everyone is working hard. this is going to be a huge process. think it's going to go a lot smoother than all-out people anticipate. either way, the point is that the end of prohibition in colorado on marijuana is going to be a net benefit by far. melissa: with your recommendations go from here? does is it was such a study to vote? >> actually it is a joint

committee that consists of the senate and house members from the colorado legislature. there will look at all the recommendations. i think there are 70-some of them, and it will take it up and down vote based upon whether there were legitimate and then that will then go to committees. and go to the democratic process of even though there is the recommendations that were above all, i think there's certainly an opportunity to make them better and add to them to make sure of this process is a model for the rest of the country. melissa: some people are talking about a 15% excise tax. also suggested sales tax. as a possible the tax it to much and drive it back to the black-market? >> absolutely. that is my biggest concern. sadly people that supported the amendment. that tax contemplated an amount of money to be brought in and settle the contemplated that being a reasonable number. and the sales tax on top of that does make sense, but you have to

make sure that if you are transitioning from an underground market into a regulated market that the underground market does not have a substantial price advantage. taxes, as we all know are always passed on to the consumer, that is going to be an issue if we overtax it. that is a huge concern of mine. melissa: how much support we say is there for your position verses the governors and state? >> you know, like 55 percent voted for this. an overwhelming majority of people said that our prohibition policies impaled -- failed. i think the concerns. sure, people are concerned. the second of six kids. nieces and nephews and and they're all asking the important questions. nothing was politicking irresponsible sort of wait-and-see approach. and i am sure the governor understands, he operated in the regulated market where he sold beer through his brew pubs. hindustan's that these substances that people use to enjoy themselves responsibly, they work best a regulated

market. he has been a participant in the market in the past. i think he understands that this is the market for. melissa: thank you so much for coming and the show. >> thank you for having me. melissa: next on "money," how far would you go to prove someone wrong? you might not swum with a great white shark. when he did was -- with no protection. she will tell you why she went in st. minutes to make your point. you can never have too much "money." ♪ >> meet bill and melissa. like many, they built their financial house on stocks, bonds, and insurance... and then saw it blow away with the first winds of economic change. when mary lost her husband, she invested in real estate. but when the housing bubble

burst... so did her financial future. robert and rachel discovered the security, safety, and stability of american bullion,he name you can trust for 401(k) rollovers and i.r.a. transfers. unlike other gold companies, american bullion handles all the paperwork for you, hassle-free and 100% tax-free. call 1-800-gold-ira now and speak with one of our gold experts to see how simple working with american bullion can be. when you do, you'll receive "the gold guide" and the book "the next wave" free. discover how gold can help protect your finances and your future. american bullion. piece of gold, peace of mind. call 1-800-gold-ira now. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel,

spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪

tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 now i can use their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, on the web. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 with no trade minimums. all this tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 after all, i'm in is to win, right? tdd#: 1-800-345-2550 open a schwab account and you can earn up to $600 cash tdd#: 1-800-345-2550 and 150 commission-free online trades. tdd#: 1-800-345-2550 call 1-888-333-4034.

♪ melissa: all right. time for a little fun with "spare change". today we're joined by an often -- and also there. thank you to both of you. you will be talking through this >> easy for u.s.a. melissa: that's right. a new fashion line with a twist. check this out. anti drawn clothing line called stealth where. drones' target of persons heat signature and can even see straight through clothing. this line protect you by reflecting heat and concealing your signature. it is not cheap. a scarf as 500. burkett is to grant. >> who is going to buy this? really not afraid. >> i begin to see rand paul wearing one of these, buying one.

the point is, he is worried about these drones strike sitting american citizens. first of all, are you kidding? listen. we have a constitution. they got. of the we are protected. just in case i am going to want to buy one. call me paranoid. >> should be hit by those jones will by this tells where. >> it is kind of weird. it is kind of weird that some of the people who they say -- he has some orders from people conducting the operations in afghanistan. does it say whether their the good guys are the bad guys. >> and that is exactly the point. stealth where should be nowhere. melissa: moving done. we told you how the white house canceled all tourists because of the sequestered. lately they did because $18,000 a week. annually is a million dollars. hardly a debt and the budget. you think the president and congress truly realize how silly this is? >> just to anchor the public because that is all leave here. i can't believe it.

it's outrageous. i can go to the white house. as part of our history. what can we be there? who are they angry? the obama administration says it's not us. we want to welcome all of you. melissa: it is so contradictory. closing doors at the same time they're giving 200 million to the muslim brotherhood in egypt. come on. you is more important? the american workers that they are furloughing or firing or the muslim brotherhood in egypt? pleaded think the muslim brotherhood because they're giving more money to them. >> and they just bought the tsa uniforms as well as the same time -- >> also cutting back on sandy. new york will be getting less money. about 20 billion is pork spending. moves on federal buildings inside the beltway. that continues, but meanwhile, they are skirting the folks that needed inside the new york region. melissa: next one. we just try to show you this.

one woman's quest to prove the movie jaws wrong. editors woman with a great white shark totally unprotected. all in an attempt to improve their reputation. is it working? >> psychological to this woman. i think she needs to be hauled out of the water and just put a couple of probes of our brain because obviously it is not functioning. swim with one of the biggest predatory fish in the entire world, and somehow that's going to improve their reputation? just read that for all of us. we cannot go in the water without thinking -- melissa: like a mean reputation. they love it. they're bad guys. >> they say that they know predators' very often when they are attacked against surfers and so forth are mistaking human beings for seals. and whereas if you are in the water and start driving with and they know the you are not one of their natural sources of food. data know. absolutely not. melissa: i don't buy it. summer is a meyers back in the news just off of the heels of

meeting all of the work of employees getting back to the office. a huge bonus, a little more than a million dollars. not bad for six months' work. although, you got to say, the share severs a 46%. better than expected earnings the second quarter. i mean, i think she has done an amazing job and deserves it. >> she does deserve it. wrigley, she is talking about is the corporate culture. the corporate culture is not working, bring everybody in. that is important. everyone is working remotely and it will affect the culture of the company. >> forgive me. $13 million based on the performance of the stock. i think that is a great way to a base the bonus or the salary of the ceo. they sit on the work that gets done on the value that has been added to the stock. there is nothing wrong with that. >> speaking of it, she took