tv MONEY With Melissa Francis FOX Business May 7, 2013 12:00am-1:01am EDT
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the latest on the president's pitch for jobs and we said texas would be front and center in what it does right gets the withtion from the president melissa francis is next. have a great night. melissa: i'm mel -- melissa francis, if you own google and the ceo made money, s&p a fresh all-time high and google stocks followedded suit reaching a record close. larry paige owns 24.84 million shares of google, meaning he made nearly $393 million dollars today. is that ridiculous? monster bev ramming, the city of san fransisco trying to stop the company from marketing its energy drinks to kids. the city says it poses health risks to young children. shares of monster closed down more than 2% following the news. losing out on a whole lot of
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money, led zeppelin. they can't get him to reunite saying he was recently taskedded with getting them back together for a reunion tour, and the band said no, guys, even whe they say it's not, it's always about "mon." ♪ so we are starting off tonight with stunning new developments in the 3-d printing evolution. watch this. all right. well, maybe don't watch that. a group in texas called defense distributing printed, that's what you were to see, printed a workinghandgun, huge implications here from safety and security issues to manufacturing and commerce.
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is this breakthrough technology going to change life as we know it? how long before our society can just lit al rally print anything we want and need? here with more is the former fbi agent bill daly. welcome back to the show. can you really print a weapon? >> well, they actually have. it's been talk about for awhile, melissa, you know, printing, opposeto what people think, putting out a piece of paer, this is not a printer like that. it using materials like plastic-type materials, and carves out the component pieces that are great for wonderful things like in the medical industry, creating pieces of heart valves and other things that they need, but look at the opposite side, and the clip where now they talk about making guns out of this. melissa: seems like if you buy this printer, you could create an army in an arsenal, what a lot of people talk about. obviously, it is the printer that costs a fortune, but over time, it could cost less, and maybe it's worth spending a
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fortune if you want to arm yourself without people necessarily knowing. is this a real danger? >> i think its becoming increaseically concerned of being dangerous. as you said, as printers go down from 8000 dollars for the more so fest kateed printers, as the materials are available, it's not to say who gets hands on it. it could be the criminal and terrorist factory for weapons. some fire just a few shots before they start to implode on themselves, literally, nonetheless, the damage can be done. melissa: yeah. is it a game changer in terms of detection because it is not made of metal. seems like that's another problem, that somebody makes a gun and goes anywhere with it. >> in certain circumstances, it is. at the airports, i'm not as concerned because they have equipment outside the metal detectors looking for various types of organic and inorganic
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materials to peer into your luggage. now, if the pieces are there broke broken down, that's different. the metal detectors, just to pick something up, we have the issue. that's the concern, melissa, for places here, maybe, maybe people can go around and through and under security through wires and wireless and send weapons into a secure locations even though the security of physical security up front. >> what's the solution? seems like, already, we heard from people when they see this, saying we need a way to stop it. we have the technology, don't sell the printers. when you try to stop technology, i feel like that's not necessarily the most successful way to deal with something like this. what do you think? >> i think you're right, as much as we want to say let's stop the technology and a number of other technologies we don't like or we don't approve of, but i don't think long term that's the solution. the solution is, a, in the laws, it is illegal to have a weapon that may not be registered, that
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you have not promptly purchased, and all the other things debated about on capitol hill, but there's laws, local, state, and federal level about firearms. melissa: i don't know if you could have a legal remedy for something printed in the house. >> no, the other thing mit be, and to, you know, some type of a monitoring of who is getting these files, of how they are distributed, and right now, talked about the company willing to give out a file for nothing, basically, giving free, designed this weapon, but if we find there's violations of the music, copyright or patent infringement, get them that way. long story short, it is something. is a threat. it is an issue out there. it is something i know is really nding a chill up to law enforcement's spines because in the past, you could have a case that may have been resolved because you fired a weapon, found a weapon with a serial number, match up the ballistics when found, when they find the weapon compared to where the
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bullet found itself. now, it's a case where it's a new ball game. >> but, obviously, i mean, there's a lot of wonderful things to do with the printer. focused on the firearms, but the twitter followers say there's great health implications. you talked about it in the beginning. you can test models cheaply rather than having it built. a lot of great things, without question. >> stopping technology for one type of use is not the wise thing. fine out other ways to deal with it. as you said, there's great things to be done with something like this that can give access to people around the world, the thicks they may not have got quickly, they can actually, you know, send a new prototype of of the design or medical technology or other things to remote places where people can manufacture them on-site. melissa: thanks so much. great insight. >> my pleasure. melissa: money question of the day, do you think 3-d prints changes life as we know it? so many of you said yes, and not
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in all bad ways. a smart response says companies could save big on production costs. we talkedded about that, using this technology first to figure out mistakes. a lot had health care ideas. they are great. like us on facebook at facebook.com/melissafrancis, or follow me on twitter. okay. it's time to check the fuel gauge report. the number of u.s. natural gas rigs in operation hit an 18-year low, despite natural gas futures lingering around the high according to the new report. analysts say operators are learning to, quote, do more with less, and shutting down inefficient rigs. a five-month high in april according to a report, and crude production climbed close to 2% for march, hitting 9.3 million barrels a day, and oil futures rallied sparked in part by israeli air strikes in syria over the weekend. jitters about the middle east
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helped send crude to the highest level in a month settling at 96.16 a barrel. all right, next on "money," bet like buffet, one of the most followed investing vat jis out there, but the man with the anti-buffet strategy says why doing the opposite is an even better bet. plus, a big hit on banks, but will the new crackdown cost consumers? it's all aboutthe power of money. don't go away. ♪
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♪ >> it whether go higher and higher for sure, but i don't know what it does next week, next month, or next year, but i know over time it's hher. melissa: and over time buffet is a bull. the oracle of omaha thinks the target will just go up. what's he doing with themoney? we don't know yet exactly what changes berkshire hata way made in the first quarter. we have forecasting fun from capitalist and jock otter of barrons.com. thank you for coming on the show, jack, starting with you.
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>> sure. melissa: there's little clues here and there, and could be adding to the ibm position, why do you think that? based on the 2011 letter to shareholders. because he's buffet, he's different saying i hope the shares languish and go nowhere so i can accumulate a bigger and bigger position of the company and bigger share of the earnings in fiveyears. it's gone up a bit, but not out of the range, not surprised to see a bigger share of ibm. melissa: based on that big dip that might have been an opportunity for him to enter? >> exactly. melissa: get in ahead of what right now before he says it? i mean, it could be on the ay up, and he's in, but when he says it, it's really out there. >> if i think this, though, i'm t the only guy who is thinking maybe he's into it, so i'm resistant to suggest that people sort of try to front run buffet, the most watched investor in the entire world, bake into the price already, but if you like ibm, the fact that warren's
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buying is ad goo thing. messa: what do you think about that? >> well, i mean, ibm is strong because stocks a strong, and to that, buffet is correct. we're in a bull market. stocks strong, but he thought bonds were bad investment, and i agree with that as well. but the tendency these days are more and more, not to necessarily take positions in various stocks, but buy companies out right as he has much more like union pacific. they are so big in order to move the needle, he has to engage, and these huge deals, i expect to see more of that, buying whole companies, in the areas, like, previously, consumer goods, transportation, finance, strong stocks right now. melissa: a great point following him may not be grease because he can't do anything small and you miss out. >> yeah, and i think that's a great point. to take nothing away from warren buffet's prowess as investors, but he's so big he can't invest
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in the mid caps, small caps strong stocks too, a way everyday investors have an advantage over the man himself. melissa: jack, a winner is a winner. possible he's adding or folks adding to precision parts? how come? >> it's a small position, but so -- i think that's either the two guys brought o to follow buffet in the stock picking and because it's small, it's one of the portfolios, but what is interesting is it smells like a buffet stock, something bought 20 years ago, easy to understand. they make complicated parts for airplanes and other vehicles that are hard to make. you and i can't go into business to do this. in other words, there's a wide mote. it's expensive. buffet says i'd rather buy a good company at a fair price rather than a fair company in a chp price. melissa: fair price, that's the quote, so, i mean, does it fit that description in your mind? >> well, what buffet thinks is a
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good price, with all do respect, i don't think always the market agrees. he had a five year period back in the late 9 os when he sat out the entire bull market in technology stocks. there was a wonderful cover, what's wrong buffet? he thinks what he thinks is fair value. i agree with the guest that i don't think they follow the lead, but it happens that he's in a sphrong sector of the market right now. again, transportation, consumer, and finance, firing on all cylinders. melissa: at the same time, jack, when he sells something, you don't want to be on the other side of the trade. >> that's my thinking. again, if you love a stock, you got a strong conviction, okay, you answer the question, why is warren buffet selling? i ask that with j and j. they are a traders stock for a long time. buffet's n a trader. now his position is so small, why leave it on the books? not surprised in the middle of
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the month when he has holdings we see j and j is not there. melissa: not good for that stock; right? >> well, i think it's really a one day move, can't break a stock that's a strong stock. there's large cap names doing well, so, you though, i think investors have to go their own road and because warren's buying or selling doesn't mean you have to follow him along, but i want to buy j and j than selling into the guest's point, it's more of a portfolio position issue rather than than outlook on the company itself. >> he doesn't like gold. you agree with him on that. >> well, that's correct. >> there you go. >> making three of us. >> weak asset up like stocks. melissa: guys, thanks so much. >> thank you. >> thank you. melissa: coming up, a new assault on banks could up end the power of mon. you may ultimately pay the price. we'll tell you why. plus, moments away from a senate
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>> these are the complaints that have been collected by our lawyers and counselors around the state. in just six months against wells fargo and bank of america for failure to comply with the most basic provisions of the servicing settlement. melissa: love a good prop. that's the attorney general showing the hundreds of abuses meeking out a lawsuit against bank of america and wells fargo saying they violated the mortgage settlement not
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processing modification requests in time, but they say he is really pressuring the banks to write down principle. sounds good, but could cost you money, down to the powerf money, with me are fox business' dennis kneale, doug burns, a former federal prosecutor. what do you think of the case? they laid out a time line in the settlement for how quickly they responded, and he makes it clear saying they just didn't do it. >> yeah, basically, the first distinction which this is not a lawsuit on the merits for wrong doing, but a lawsuit for saying you have not complied with a national mortgage settlement. there was something like over 300 different rules having to do with missing document, giving fair noti, not having dual tracking, modifying the terms of the mortgage simultaneously foreclosing. here's the wrinkle that's interesting, quick, in the settlement itself, it says that you have to refer it to those monitoring the settlement. they, then, decide whether they bring the lawsuit on your
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behalf, which he wouldn't be in it. if they don't, then they wait app addition until 211 days, bring the case, and lastly, not going on and on, it's in the federal court in the district of columbia. melissa: dennis, looking at the press release, and the sob story because i know people are frustrated with this process, and i definitely feel for them, but it makes me wonder a bit when the sob story came up with was this family who, you know, out of work, hit by hurricane sandy, terrible without question, but they applied fora loan modification in march, the 30 days went buy by, they heard towards the end of april that they had to start over again because there was something wrong with the paperwork. >> o, gee. melissa: i feel for them. >> handcuff the bank. melissa: that's the one in the press release? >> that's the best they got? there was special mobile operation centers after the hurricane sandy in new jersey and new york, a couple areas,
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and they were there for 90 days, my understanding is, and did you know the 210 violations that wells fargo is alleged to have violated, the bank is handling 800 cases every single day, 800. do you know they granted foiveness on 6.6 billion dollars? melissa: didn't know that. >> of lopes. these are people, remember something, these are people who defaulted because they stopped paying their mortgages. why are we trying to hand billions of dollars to bank money to people who defaulted not because of the bank made a mistake, but because in most cases, they stopped paying mortgages, and now he doesn't bother, the attorney general, to talk to the bank and negotiate first. all he does is hold a press conference first and wait for the oversight committee to do it. he doesn't care about reaching a lution. he wants to grab headlines, and this is beat up the banks. we have not let the guys get out melissa: dehang on, to.
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what insiders ay it's about he wants to pressure them into forgiving more principle. >> who is he to do that? why is it his business to force banks to give up loans that people took, knew what they were doing, it's fair fault. it's a pure ri transfer of wealth. melissa: want a word in edge-wise here? >> tell us how you feel. >> exactly. >> i'll be the nerd lawyer. the point is they have things about you have to give the borrowing 30-day notice if there are documents missing, cut them the slack. that's what it's about. however, i agree with the colleague, although, less perhaps, in that joking aside, the reality is is that he's grand standing because it's the oversight committee to negotiate a settlement which he should have done. melissa: who pays the bill forgiving principle? it's the argument from the beginning. they said big mean banks should have a heart, they got in over their head, everybody in the craze, there's tons of blame. >> tops of blame, but especially to homeowners. melissa: who pays the bill?
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>> the shareholders. understand something, think about how this is. we spent $600 billionn to bail out the 19 largest bank because we were terrified they'd go out of business and ruin the global financial system, and now we drain them for billions of dollars from the same banks, okay? we, you know, three banks hhave done $30 billion in payments since 2009, $30 billion from banks we're trying to save because they were in bad damage. melissa: it's not just shareholders paying because a bank raises fees elsewhere. >> on all the loans so every homeowner pays. a good point. melissa: or fewer loans. it's just there's no free lunch or a piggy bank that the bank has where they pay out. >> you found 210 violations. >> one of the big complaints whatever money is taken will be passed along, d that's right. that's a good point, i mean, look, they said it was 339 bad instances, but reality is, back to the point, should be
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discussed and settled. not settled, all right a settlement. >> let the banks -- never mind amnesty, but have am necessary amnesty for the banks because we drain them dry. we have to go -- one last thing, sorry, but we push, the government pushes bank of america to buy country wide, to buy others, and -- >> cup of decalf, buddy. >> i love the passion. >> these things we force you to buy did bad deeds. melissa: life blood of the economy, punish ourselves. dennis, doug, thanks to both of you. >> my pleasure. melissa: reason to believe that jpmorgan's jamie dimon could lose power. shareholders voting against three board members of the bank shifting the dynamic to split the chairman and ceo roles. a bank animal with morning star and a "wall street "wall street" assistant editor, gentlemen, welcome back to the show. this is where why iss attacks
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the three board members in particular saying that they are the risk policy committee, and that they were begin a presentation that showed them the trading that was the frob, and that, in fact, they were showinit contributed to economic value with a return annualized of is 1 # 00%, and should have realized looking at the trade what was supposed to be a hedging group turned into a prop trading desk. does that make sense, james, a fair charge? >> a fair charge that i think that is what happened. a big botch. $6 billion is a big loss, but in the cop text of pmorgan chase, they recorded a record profit. i think shareholders should be very careful here and make sure if they make some of the moves at the board level, it really is for business reasons and not political reasons. obviously, this board and especially its ceo has been targeted by washington, and i think you want to be careful here looking at a lot of groups
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leaning to the left pushing the reform of the board. melissa: jim, look at the three members in particular that they are targeting, david was from honeywell, of course, james crown, a director of bank 1 of course, where jamie dimon came from. there's ellen fudder,american trustee of the museum of history, the risk policy committee. they looked at the trade and it seems like didn't see the risk. >> yeah, you know, make the same criticism of jamie dimon. shareholders fire him too? there's a lot of people that missed seeing the trade, missed seeing what it would develop into, and i'm not sure it's the right thing to do to single the three out. at the same time, look at how long they've been there. a couple directers on the board for ten years. overall, jpmorgan is well managed over the time and
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managed risk throughout the crisis, and after. i don't know if you make too much of the one mistake. melissa: looking at this and shuffling of the board, potential shuffling of the board, meant to change the dynamic and potentially strip dimon of the chairmanship? >> yeah, i think jim had a good point. if shareholders really want to get rid of dimon, don't think he's doing the job he used to, fire him, but i think that would be a mistake. short of that, what is going on here? this is a uy who made a lot of trouble for washington politicians because he's the ceo who didn't make the huge mistakes prior to the financial crisis, managed to keep the firm in good shape, a lot of authority, and he's. using that authority to basically push back against the washington regulatory. melissa: do you really believe that? there's a lot of people saying that, but -- >> all for getting rid of too big to fail banks, but it's
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absurd looking how much attention the media and government focused on this trading loss, carl levin, running the senate special investigations subcommittee wrapped up essentially a year investigation, i mean, this is -- this is a level of investigion that he did not apply for, for example, to jack lew, just confirmed to be secretary of the treasury, who had been at a bank that actually did not fail, citi, or whawf without the bailout from us. melissa: meeting may 21st in tampa, florida, the big issue is do they want to separate the ceo and chairmanship role? i asked dimon about that the last time. i'll play what he saidand ask for the reaction on the other side. here's what it is. >> boards should have the flexibility to decide what is appropriate for that company with the own circumstances at the time. they are reasonable to separate it, put it together, and board decides what's appropriate for a company. if they decide it should be separate, you know, i will take the advice.
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melissa: what's the bet? gym, what's going to happen? >> i don't think any of these board members will be tossed out, and dimon will keep the chairman and ceo role. i don't think it's a big conspiracy, but it's easy to jump on the bandway gone, criticizing jp, what people are doing here. i bet it's a status quo next year. messa: james, quick, what's the bet? >> he'll say. the track record is great looking at the full tenure. melissa: okay, gentleman, thanks for coming on. appreciate the time. >> thank you. >> up next on money, the vote on an interpret sales tax about to start. the retail industry takes sides. we got the financial impact on you and your most beloved online products. plus, there's business savvy and there's business genus. one manhattan company cleans up with the most simple and brilliant idea you can think of. it's so obvious. piles of "money" coming up that could have been mine!
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jumping. all right. if you thought tax-free online shopping would last forever, thinkgain. the senate is starting a vote eminently on the controversial measure to make everyone everywhere pay sales tax on everything. we love tax. it is causing a big divide in the retail world, but do you know how this is going to hit your wallet? joining me now is and a brandy, president of brumbies share, a brick and mortar store. tell me how this will impact your business? >> thank you for avignon to take this is such an important issue, especial to brick and mortar stores that have been paying sales tax ever since their inception. we feel like there is just not a playing field, a level playing field out there with these online merchants. twenty years a when the supreme court made their ruling, this was -- people did not buy and sell goods on line the way they do today. today it is completely a mature market. it is something that we all deal with.
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we are all involved in the e-commerce world. it is an important medium for all of us, but with today's regulations as they stand there is basically a 6-7% discount over online retailers that my customers don't have to pay. melissa: the problem with this is the retailers to have to then adopt this new system say that it is going to be so hard to figure out which adams exactly are taxable and to p it into place. it is not as simple as charging one tax on everything. is that reasonable? >> that is really not reasonable. i think that is a misconception about the law itself. we are purchasing anything on line, you go and have to put in yo delivery address and your billing address. basic information that anybody purchasing anything, has to ppovide. in order to be able to calculate the sales tax you need that address. you kno today there is software out there to easily allow companies to calculate t sales tax in those particular areas and districts.
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this bill also provides for the state and federal government to then subsidize and by that particular software for these companies. so there really is not a very valid reason today to vote against this legislation. they're really just trying to throw up smoke and mirrors to make it seem like, you know, it will be more difficult than it is. melissa: not all items are taxable, it is not as simple as putting in as a pagoda knowing where it is going in the tax based upon tha there is more to it than that. >> i don't buy that at all. no. the sulfur exists. honestly, this is a mature market. to be able to calculate the right sales tax on the right items is not as diffilt as they wanted to seem. there are a lot of merchants trying to say that. this is something that i myself am going to do with as well. melissa: how do you have to deal with it? >> if we are selling on line we will have to do the same thing for out of state online sales. i'm not asking for special
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treatment as a brick and mortar. i'm just asking for a level playing field for those that do not have brick and mortar representation. melissa: if you charge people more they have less money to spend is always the argument. less money for your store as well. >> you know immodestly today what we're talking about is a fair plalaying field. the majority of employment in this country today is really represented by small business. brick and mortar is let mysf provide employment for the majority of order -- workers. we're providing jobs, sales tax that goes back into the infrastructure that goes back into the public safety, transportation, all of which these online merchants are benefiting from. and so they are not actually paying back into the infrastructure that they are reaping the value from everyday. at all by that. it really is one of those issues were at one point in time this
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did not make sense because we did not buy and sell on line the way that we do today. today this is a normal way of doing business. this is an extension of an existing tax. this is not a new tax. melissa: you have a brick and mortar store. people can come in and see your product and buy it. online retailers said they don't have that advantage. and as they might have is that you say the tax. >> but also, customers can come into a store and find a particular good or item of the one that is also sold on ebay or sold by an online retailer and then the kindle online and just by that being exempt from the sales tax, so they get the benefit of going in and seeing the actual item in a brick and mortar store but then the kindle and avoid the sales tax. again, that is another argument work today i feel like that is a lot of smoke screen from the on-line retail that is really benefiting from the brick and mortar industry when it comes to the state infrastructure. melissa: i would rather lower your taxes that raise there.
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i understand, but a thing more taxes to slow down the economy altogether, but i hear your point of view. thank you for coming on. >> appreciate. melissa: sometimes the simplicity makes the best business. one man and the company struggled doing something i can't believe i did not think a first. we will take you to it next at the end of the day it's all about "money." ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank.
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♪ melissa: most people would it take setting up shop in this economy is no easy feat, especially in a tough environment like new york city, but wall street's newest shoeshine shop is offering its most female clientele a combination of the looks and a little elbow grease. this guy is a genius. ticket out. ♪ >> our business model is blt on a female staff giving shoeshines. lots of financial people down here. quite stressful jobs.
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you walk away from the job to go into that shoeshine. you wanted to talk to somebody, sit down at converse of them. >> the dow want to talk of money or whatever is going on. and most of us don't know about the stuff, so i gue that's a good thing. >> we greek people of the door. we helped them off. that doesn't happen that every shoeshine place. ♪ we have college students, almost and actresses. >> really positive. working here is really great. >> of come back about four times. this is a better experience. butterflied. have a good time when they're here. melissa: a genius business plan. our "spare change" guests are here a lite early. i think maybe we did not she doesrom the right angle. we did not show you the guys point of view which could be the
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point of the business. >> i went today. yes, i did. i did. and i will say that it was -- i was surprised. it was good. and the furniture was great. outside of that -- melissa: the furniture wasreat >> everything was brand new. the girls were discussing sports. i was not there for ten minutes. >> more crowded than the electorate there? >> it was not crowded, but it was a steady flow. no waiting. melissa::that his role color commentary. did you like it? would you go back? did you notice anything pleasing? >> well was pleasing that the place was brand new. melissa: issues like it. >> thank you. melissa: well done. >> i am offended. there are ladies the work of wall street. so in a land of equal opportunity, where are the young hot guys that are shining -- >> that's a great point. that's a great point, although i don't know.
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the guy and that might be like. were you able to select two side dishes? >> no, they greeted me at the door acute to wait on ctomers and that was the deal. melissa: are you married? >> yes. melissa: this is not your wife knows what you're doing what your work day. >> said during a shine. melissa: with a cover yourself. like that. they are ready for "spare change". you want to know what? celebrating like he just won the super bowl when football season doesn't take off for another four months. watch this. stick around. piles of "money" and "spare change" with these estimates next. ♪
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♪ melissa: time for fun with spare change. as you saw today, joined by jason and noelle, thank you for joining us. a texas town think they have a money making idea. buy a million dollar score board. right now, the one they have is 250 square feet, and the one they want is ten times that size, about as big as this, and would be the biggest high school stadium screen in the state, maybe the country. the school district says it will pay it off in ten years with
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advertising revenue. good idea? >> i think they are thinking outside the box. you know, why not? if they get the revenue and pay for it, and it's not costing -- melissa: a million dollars! >> think big, hey. melissa: making it back in ten years, that's a long time. i don't know. crazy, nuts? >> no, not really, as long as it's self-funded, do whatever you want. make it twice as big. melissa: i feel suspicious saying, oh, we make it back in ad revenue in ten years. what about the neighbors nearby? it's ten times the size of the old one? imagine the people on the next block, like, wait a second, on friday night, they don't sleep because they are blasted with a giant loud sign. >> hope they have a winning team. melissa: right. , right? yes, just blasting the score of the other team, fantastic. all right. now to the weekend's big horse race, patriot's quarterback tom bradley bet on orb, te big
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winner. you see him screaming in the video. i would too winning $23,000. what do you think? did you watch the derby? $23,000, that's like two hours, what husband decare? >> it's not about that. youre a guy, a championship quarterback. you want to win at all costs and win, and winning is winning. that's what th is about. who knows, maybe it was a double or nohing bet with someone, could have been a larger bet. good stuff. melissa: how do you bet $4700? what he had in the pocket? it was a bizarre number. >> could have been a lucky guess, a lucky deal with him, but, you know, we like that, it's more sweet than winning on something like the target. melissa: like the super bowl, much less sweet, isn't that what you were going to say? no, no, not where you were going? i don't know. all right. here's what you know the societs going wrong. somebody sold -- this is bizarre, at the trail for $2 murks.
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ars on trial for the first degree murder of the boyfriend stabbed him allegedly 30 times and shot in the head to ensure he was dead. people from around the world are camping outside overnight just to get in the court. is this allowed? kind of weird. >> first of all, she's a strange cat. i mean, anybody that would come in and do this is just really odd, but i think -- melissa: we don't know she did it, but the video of her on her head when she's in a room by herself, just -- >> if she was not so strange or was not a pretty girl, i don't think anyone would have interest. the case was so bizarre, i think that the media latched on to it, and everybody has a interest because it's bizarre. melissa: would you camp outside the courtroom and pay? it's different than when people paid their way to see the supreme court justices rule on this and that. this is a train wreck factor. >> there's no broadway in arizona, and maybe, you know, there's entertainment value there to this, an, quite frankly, i mean, they say she
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has allegedly a personality disorder, could be a personality is preying mantis syndome. i don't know, a little loud. melissa: should it be allowed? free america, free country, free court? >> she's an artist now. melissa: i have the perfect idea for a next vacation. travel like the rich and famous, represent a yacht. fabulous. cost $95 million to buy, okay, we don't have that. that's too much. rent it out. just $784,000 a week. of course, that doesn't include food or champaigne, but it's more than 13,000 square feet, seven wet bars because six are not enough, a glass elevator, and evidently, customers are international businessmen, shocking; right? going to rent that? >> i am not. melissa: no? >> however, if i had the means, i clearly would charter one and not buy one. melissa: yes, yes, renter is better. best friend with a boat is one
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with a boat. >> absolutely. cost $95 million, 10% of the cost a year to maintain the boat. melissa: yeah. $8 -- $784 a week. how is that number? >> almost a million a week to do, but you got to realize i go each year to the monaco boat show so i'll look. melissa: i in no idea. >> i'm not, but -- melissa: you are, don't hide it. be proud of it. >> i have a board meeting there that coincides with the yacht show in monica. i'll look for the martha anne. it's not outrageous considering the fact they have the staff, extra security, the bigger the boat, a lot of things with it, and you pay a booking fee. melissa: i saw that in the baja mas, unbelievable. amazing. now i know i can represent it next time. fabulous. we'll all go in and get it. perfect. tune in tomorrow, speaker of the
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house boehner about the job market, the economy, where the relationship with president obama currently stands tomorrow at 5 p.m. eastern. don't miss it. the willis report >> the following is a paid advertisement for star vista entertainment d time life. >> ♪ i love how your eyes close ♪ ♪ whenever you kiss me ♪ and when i'm away >> do you remember your first date? >> ♪ s wore blue... >> slow dancing. >> ♪ ...velvet >> and that very first kiss. >> ♪ johnny angel ♪ how i love him >> it was a special time in your life. it was the teen years. >> ♪ they say that breaking up is hard to do ♪ ♪ now i know, i know that it's true ♪
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