tv MONEY With Melissa Francis FOX Business May 8, 2013 12:00am-1:01am EDT
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to the markets, the benghazi testimony taking up something that fix sated the financial community as well. how big does it get and how much disrupt wha we've got? tomorrow. se lori: have a great night. melissa: all right. we are starting off tonight with some breaking news. fox business's rich edson just wrappedp a broad based special one-on-one interview with house speaker john boehner. let's go to rich in washington, d.c. rich, what stood out to you? >> we talked taxes. we discussed entitlements. of course that debt ceiling fight, the biggest one of the year. the house plans on passing a bill that would soon allow the treasury department to prioritize debt payments white house minutes before interview the president would veto saying it is up to congress to pass a clean increase in the debt ceiling. we asked the speaker about that white house veto threat. >> you know the president can say this but y know, he is the person who, when he was united states senator
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voted against increasing the debt limit. this is always become a political football. the federal government has spent more than what it brought in for 55 of the la 60 years. this year we'll have the highest amount of revenue to our government we've ever had in our history and yet still have a trillion dollar budget deficit. we have a long-term spending problem that has to be resolved. and it will be resolved. and so, i don't know what it will take. republicans put our budget out, passed it back in march. democrats passed a budget in the senate. our budget balances over the next ten years. the democrats budget and the president's bdget never come to balance. and if they don't ever come to balance well then, you can continue to keep spending money you don't have. >> the senate minority leader told as you couple months ago we're going to agree to raise the debt ceiling. we're not going to without doing something about entitlements. that is what brings the president tohe table. do entitlements have to be a part of the debt ceiling
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agreement? >> i don't know how you solve the long-term spending problem without resolving the spending. 10,000 baby boomers like retire every day. 7100,000 thi week. i don't know how you balance budget if you don't deal with entitlement program these programs are important to tens of millions of americans and they won't exist if we don't deal with them. >> how about tax reform? chairman of the ways and means committee dave camp says he thinks it opportunity to something he will pursue using debt ceiling to get tax reform done? is that always something you want to see. >> always a possibility. if. if you look at our problems we two problems. we have a spending problem and this slow economic growth. it is pathetic. you know the president is going out there on his jobs tour talk about how the economy is growing. barely. and, so if we're serious about solving our spending
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prlem we need to look at the revenue side. the revenue side means gettinour economy going again. helping people get better wages and better opportunities for better jobs. >> if the ways and means commite does pass a tax reform proposal, will it get the votes in the house? >> we've got, there are a lot of options on the table in terms of how we deal with tax reform and how we deal th the debt limit. we're st beginning conversations with our members about what it is we want to do as we have to deal with the debt ceiling. our goal here is not to default on ourebt. our goal here is to get ourselves on a sustainable fiscal path. >> so tax reform is a real possibility of being part of the debt ceiling talks? >> it is certainly in the mix. >> chairman camp has been working on tax reform for a few years. chairman paul rya got a waiver to serve two extra years as budget committee chairman. would you consider giving chairman camp an extra two years of ways and means committee if tax reform is not complete? >> these are decisio
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steering committee has to make after every election. every two years we go through discussion who the chairman ought to be. we have term limits for committee chairman. we will wait until the next election to have the conversation. >> would you consider, personally consider it. >> daveamp and i came here together in 1990. he is one of the most capable members we have. he has done a great job as chairman of the ways and meansommittee but there are a lot of considerations that go into this. >> this is the other house and typically your people don't typically ask you about the u.s. senate but the finance committee chairman max baucus is leaving. do you think that unencumbers him? does it make it easier for tax reform on that side? >> i don't reallyi don't know because you know, if he is leaving how much does he want to put into it. how will the other members going to view this effort. but i do know, that the president understands at our tax system is broken. members of congress from both sides of the aisle understand that our system is broken.
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we need to simplify our code. bring the rates down. get rid of loopholes and fix, our international problem. we can make america more competitive if we had a tax code that people understood. >> so the next few months it feels like we just solved this, but we will have faa and sequester all over again. would you be for a permanent fix to these things for the sequester over the next decade and how do you deal with the appropriations? do you appropriate a assuming the sequester? do you -- >> absolutely. what else can you assume? the president insisted on the sequester because he didn't want to be inconvenienced with a second vo on the debt limit in 2012. he got his way. now we have the sequester. the sequester is going to stay in place until we have cuts and reforms that put us on a path to balance the budget over next ten years. i've been very car bit. for the last five months, six months. and to this point the president hasn't gotten serious about solving our
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long-tm spending problem. he got his revenue on january 1st. now it is time to cut spending. >> when it comes back to the debt ceiling issue very quickly, would you, if you got tax reform or entitlement reform, does that satisfy the boehner rule? >> we'll have to look what the mix is. but the boehner rule is going to be in effect. cuts and reforms that, well, that a greater than the increase in the debt ceiling. >> and that would continue in perpetuity even if entitlement and tax reform is done you would stl rsue more cuts for any subsequent in the increase in the debt ceiling? >> if you increase the debt ceiling you have to do somethg about the spending that is driving us to have to increase the debt ceiling. >> when it comes to immigration reform and doing it in the committee process, how long cou that process realistically take? do you support doing it through regular order, through smaller pieces or comprehensive proposal? >> we have nod made any decisions how to consider it but i made it clear that the house will in fact deal with
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immigration reform this year. it is an important issue in our country. it is a problem that has been around for some time. people have kicked this thing all over the place. it is time for us to deal with it. so what i have done is try to foster a spirit of discuson bipaul sawnship. we have of the members of the house who never dealt with the immigration issue. there is a big education process that has to go on. how long that will go on i don't know. but the bipartisan conversations are continuing. chairman goodlatte is beginning to put some products out there to facilitate more hearings and discussion, t help bring members up to speed and to bring our constituents up to spied. there are literally hundreds of issues involved in immigration reform. >> do you feel time is not on the side? you have debt ceiling, you have appropriations all these other issues? next year it is re-election year. we've got a lot of issues on our plate. we have to stay at it.
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the job as a legislator is like pushing a peanut up the mountain with your nose. you have to keep your head down and stay at it. it's, not a fast procs. that is what the founders gave us. and, there's a lot of work being de on the appropriations side, on the immigration side. debt limit side. there are a lot of different committees doing a lotof very good work. >> house is going to again consider a keystone bill. would you entertain any type of negotiation with the president to approve keystone? >> there is n reasonor keystone not to be approved, none. do you realize there are almost 200,000 miles of pipeline that operate safely in the united states every day? this is an important part of our energy future. taking the crude oil from the north dakota, southern canada and moving it to where the refineries are on the gulf coast. we can do it safely.
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there is no reason, no reason why it should not be approved. so there should be no negotiation. >> there is none needed. >> when you look at some of the other votes that the house it taking over the next couple of months, another obamacare repeal. isn't the house position on this well-stated? >> we have a lot of freshman, democrats and republicans whoever had the chance to vote on this. they have been anxious to have a vote on it. we'll have a vote on it. >> after this, any tweaks, any changes? >> we'll make decisions after we vote on repeal, we'll make decisions wha we do after. >> and there was the high-risk pool bill. will that come back in a similar form or -- >> conversations with the members. again the conversation will continue after we do the repeal bill to see if members he will feel like we ought to go that direction or other direction. >> some oth issues, debt prioritization, some of these other issues. is the house agenda any broader than this? do you have any new proposals you plan putting out? is what is on the table
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enough? >> listen, the president's economic policies are getting in the way of our economy. republicans have a plan to get our economy going again, increase people's wages, give them the better opportunity at a job. to do that we have to fix our broken tax code, we need to solve our long-term spending problem. get serious about american energy production and the keystone pipeline. there are a lot of things that need to occur. how abou stopping a lot of the red tape coming out of washington that is scaring employers to death? i used to run a small business. we need to get all these uncertainties out there. you can underand why employers are sitting on their wallets. they're scared. and until they see a brighter path, they're going to continue to si on their wallets and we'll continue see this very slow economic growth. >> house speaker john boehner, thank you for your time. >> thank you. >> soelissa, get ready for the tax reform fight. they're discussing everything among entitlement reform, tax reform.
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some of the nonprofit or nonpartisan estimates out there tax refo or debt ceiling we should hit it sometime in sepmber or october. if you consider all the ex-trod nary measures that treasury can do. it is coming up. they're moving on it. melissa: rich, great interview by the way. really well-done and really quick. you always get a special perspective when you sit down with one of these guys. people in the audience do not know this, there is bit of time getting mi on. chitchatting. you see them come into t room. how would you characterize his mood and sort of his demeanor and how did it compare to times in the past when you've seen him? give us your insight? >> it always seems the same actually. melissa: really? he is politician i guess. nice tie. >> well, he didn't like it. melissa: he didn't like it? oh. >> no, he didn't like it. but he is always kind of got this even keel. always ready to crack a joke with you. he is like that in private. he is a very easy going social guy. melissa: interesting.
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all right. rich edson, great interview, thank you so much. >> thanks a lot. melissa: i was sitting here of course watching this with susan ok, former treasury department senior advisor. nickillespie, sorry about that, reason.com editor. there were a couple things thatad us laughing of course. that peanut up a hill. we're going to talk about all of that, a lot of talk about tax reform. you both rolled your eyes are we getting tax reform? >> no way. melissa: no way. >> i'll be happy if we get a discussion on a budget. melissa: okay. we're going to talk about all that straight away. don't go anywhere. we want to get more reaction from these guys on speaker boehner's interview. stick around. more "money" on the other side.
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♪ . melissa: okay. we just saw rich edson's special interview with house speaker john boehner. now it is time to get our hand dirty and pick it all apart. nick gillespie with reason.com. he is editor-in-chief. we have susan och, former treasury department senior advisor. first impression, what did you think? >> i think he is still talking about the same ol' story and hasn't adjusted his talking points to realities. talking about e president doesn't want to do entitlement reform, president obama basically
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against his entire party talked about chain cpi for social security. talked about need to focus on deficit reduction but in the same sentence he acknowledges that growth is slow and they have no growth agenda at all melissa: he said growth is painfully slow. i expected some points on that. i'm not sure anyone knows how to grow with the problem on either side. nick, quick impressio >> first thing he should be talking about creating certainty in the economy. the government will not create jobs but they can eate certainty that will allow, j creators to --. melissa: there is certainty. we'll get taxed to death. everyone knows that. that is out there. >> unfortunately we're living longer than ever. so death and taxes get higher and higher. melissa: taxes were a big point of conversation. we have a sound bite about that. let's listen to that and react to it on the other side. >> president understands that our tax system is broken. members of congress on bo sides of the aisle understand that our system is broken. we need to simplify the code, bring the rates down, get rid of loopholes and fix our
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internatnal problem. melissa: okay i have to say seems like everyone is saying the same thing on this. get rid of loopholes. simplify the tax code. do you believ anyone? and is it possible to do something about the tax code? you've been there? >> i think there is agreement that the tax code is a mess, no question about that, right? >> yeah. >> there is some agreement about certain provisions that need to be changed. they are smaller once on the margins. when you get right down the middle there is not a lot of agreement. the idea they will tie this to the debt ceiling and say we want comprehensive tax reform before late september or october before we hit the debt ceiling again is completely ridiculous. melissa: why? because we're willg to prove we go fing over cliffs? tying it to anything because we fly over the cliffs. >> key thing to uncertainty, four years plus without a budget. the house passed a budget saying we want to spend 3.5 trillion. the sete says 3.7. we're spending 3.6 this year. why not just pass a budget where that is the cap and move on to these oer issues? boehner himself said we've had the best revenue year
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ever. we have a spending problem. fix the spending iss first and then you've got to go back and really work for a good comprehensive tax policy. melissa: we all know why theyon't do it. because these guys don't seem to do anything. onthing he said that really rang true was when he said the legislative process is like rolling a peanut uphill by your nose. you got to keep your head down and just keep goinging. >> no, no. melissa: who, maybe that slipped out. these guys, am i openly one so frustrated, they don't do anything!. >> i consider that statement innsitive to ppople with peanut allergies and also he said --. melissa: that's true. >> founders, founders created it that way. the founders make legislating deliberative. melissa: yeah. >> they are lazy and shiftless and they have not been doing their basic job which is to pass a budget in four years. come on. >> you even have, just today they were considering the internet tax. melissa: right. >> fairness tax to level the playing field between retail businesses terrestrial businesses and online businesses. there are a lot of
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republicans including conservative economists including art laff, supporting the bill. this is not technically raising taxes. these are taxes you should be paying anyway. sales tax you should be paying, you just don't. even then they can't get republicans -- >> they should. if we're in a slow economy, idea of jacking up billions of dollars for state and local tax. melissa: yeah. >> that defeats tax competition in all sorts of ways and forces business to become taxwatchers. melissa:. >> how is that against competition? >> it is saying that everybody is goi to be taxed, online businesses and terrestrial businesses. >> that is anti-competitive. >> absolutely. because those, no, no. because bricks and mortar, bricks and mortar build having certain advantages. online companies have different advantages. melissa: hang on. not get off track, get back to the interview for a second. he talked about inimmigration. on the side of that he says he thinks this is fostering a spirit of bipartisanship. do you think there is any
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bipartisanship going in washington? only because we have gone flying over this cliff. the american public has kind of given up. we lived through that. is there any chance that they're on the brink of getting anything done? what do you think? >> i tnk there is a core group of republican who is want to see immigration reform. even today president pak of south korea was doing a press conference with president obama and specifically raised immigration reform and worker visas in her meeng with the president. she has a lot of bigger issues. melissa: you think critical mass is -- >> senator rubio is out strong and getting attacked by his own party. there is enough of some pieces coming together but it will be a time issue. >> as long as the republican party in senate and house weds itself to this terrible heritage study about imgration costs counts all the cost of immigration with none of the benefits of economic expansion shows republicans ultimately are not serious about fixing immigration. the best way to fix it open
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borders for all workers. melissa: you don't think the facthat the election was such a disaster and marco rubio is running ads out there, are people supporting him? >> the republican party is two cycles of getting their -- handed to them before they wake up they have to drop the social conservative stuff. only future is people like randpaul and --, no, until they go libertarian the republicans are going to be pushing a peanut up somebody's but the. melissa: we have all the peanuts out. coming up on money, has the tide suddenly turned on jamie dimon? a powerful proxy advisor piles on saying time for dimon to give up his seat as chairman. how will this drama unfold? more "money" straight ahead. ♪ .
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melissa: so the heat is on for jpmorgan's jamie dimon when it comes to the power of money. he has got it all but the tide could be turning against him. with just two weeks to go until the shareholder meeting powerful proxy advisors are urging investors to vote out three board members to split his dual roles as chairman and ceo. yet jpmorgan's stock has performed better under dimon than any other ceo. just today it was up another 2%. he has got warren buffett on his si. how will this drama actually play out? clsa bank analyst author mike mayo joins me to talk about this. he feels all of sudden the tide turned a little bit, doesn't it? >> well, when this issue first came up about separating the chairman from ceo role i thought jamie dimon's long-term stock price performance would rule the day. melissa: yeah. >> no other bank ceo can claim that level of stock price performance. having said that, as you mentioned, these proxy firms have come out in the past
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few days said, split the chairman role from the ceo role. meliss now, i mean people who don't follow this year in, year ouu, realize this is issue that comes up every year before this meeting. that there is always a push to split the roles. last year they got to 40%. it is nonbinding. what no matter what the shareholders say board doesn't have abide by it. at what point do they feel pressure in at all? >> well i think, jpmorgan, jamie dimon especially listens to investors. >> yeah. >> they're very response system. they're willing to listen to contrarian views. having said that separating these posts. it is not a panacea. melissa: yeah. >> look atsy group before the current regime. no bigger critic than the old citigroup tn me and they added a chairman i thought was ineffective and ceo that didn't --. melissa: at what point does the board feel like they're compelled to do? is it 50, is it 60? is it never? at what vote do they feel
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their hands are tied and they have to do it? >> i think over 50% there are real decisions to be made that is going to be followed. melissa: what are the odds of that happening? >> tough to tell. if you asked me couple weeks ago i would have said i don't think it is very likely. recently the tide shifted. more people are speaking up. separate the roles. too much power in the hands of one person. repair regulatory relations. maybe it will help public perception. that is some of the arguments on one side. on the other hand go back to the stock price performance. jamie dimon made investors money over the long term. which will win? melissa: you are going down to attend this meeting. how come and what do you expect to do while you're there? >> i covered the big banks for a quarter of a century now and i never attended annual meeting until recently. i went to citigroup's meettng. melissa: why? >> because you need to own shares of stock. i own a nominal amount of stock as ticket admission to get into annual meetings. in case of jpmorgan i'm acting as someone's proxy. as analyst you never get a chance to ask rectors a
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question. let's ask the oversears how they're doing their job? in this case lee raymond, presiding director of jpmorgan. he is the person who i think people would look to for leadership on the board. so i wl go dunn there to ask him a question. melissa: you will fight your way up to the mic? i don't know if people at home know how this works. i've gone to these meetings. streams and streams of investors come in and they come upnd ask their questions. this what you're going to do? you will hang around and talk to them? what is your plan, gameplan. >> i will not have a prayer circle and not banging on drums. melissa: there is some of that too, yeah. >> but having said that i treat this as a regular old research mission. melissa: yeah. >> i will go there to ask people basic questions. in other words, howoes the board hold themselves accountable, what do they consider as success? how do we know that lee raymond, the presiding director of jpmorgan is overseeing the ceo and management well enough? how --. melissa: what makes you think you will get that answer? lee raymond is a very straightforward guy. he is very diligent.
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he ran exxonmobil for years and years. i interviewed him. what do you think you're going to get out of, what could he say to you that will make you feel like, fine, this is board is in good hands, it's all good? >> typically the annual meetings are nothing more than empty rituals. melissa: yeah. >> what i was doing before i came here, i looked over the 140 ge proxy. it is dry. it is boring. all i have a couple of names on a sheet of paper. i want to see, i want to see a face behind th name. i want to see their body language. i want to ask a question. i want to see how they answer it. melissa: yeah. >> hopefully i will have time to mingle with them after the meeting too. melissa: you're at the mic. what is your question? pressure is on right now. let me hear it. what is your question? >> how does theoard consider themselves successful and how do they report those results? i would like to hear that. i would like to see how lee raymond,he presiding director at jpmorgan, how he can reassure investors the oversight and ceo of magement is adequate. melissa: interesting. mike mayo, you're going to have to come on afterwards
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and tell us how it went. you promise? >> thanks for inviting me right now. melissa: that wsn't a commitment. you have to come on afterwards and tell us how it was. what do u think? >> if i can do it i would love to. melissa: boy, you are slippery. next on "money," the girl scouts are renowned for their ridiculously awesome cookies. maybe i will give mike some cookies and he will come back on the show afterwards, right? did you know that 80% of female business owners are former girl scouts? how does the group train so many of america's top female leaders? we have a power panel of its influential alumni. "pes of money" and some thin mints coming up. ♪ . at a dry cleaner, we replaced people with a machine. what? customers didn't like it.
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♪ melissa: no matter what time it is, "ney" is always on the move. shares of wholefoods are soaring after-hours bigger the board has approved a 2-for-1 stock split to be the company also reported solid earnings for fiscal second quarr and raised its 2013 outlook piquancy the stock bopping. all right. you of the cooes and a but did you know the girl scouts produce some of the most successful women in the country. 80 percent of men business owners are former girl suts. so are two-thirds of the mill senators and congressman, plus almost every female astronaut who has fallen space.
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what is their srets? here to show off their badges, our "money" power panel of an influential former girl scouts. president of the women's national basketball association. eileen gordon is ceo of ingredient, one of 21 women ruing a fortune 500 company if he reveals that congresswoman susan brooks of indiana. welcome to the show. laura, let me start with you. i was a brownie, girl scout. it was a long time ago for me. do you still remember those lessons? what do you think people really@ take with them? >> absolutely. i think for me the best part of being a gross got was learning to give back to myommunity. the community service projects that we did. dagen also remember the first time i sold girl scout cookies. my father brought me a little metal box to hold the money and. i learned how to count money. learned have aet goals. so i think you learn life skills as a girl scout. melissa: it is interesting to me how the girl scouts have evolved
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to be even more modern. in front of me i have a money manager bats to miles of a business owner badge. visa specifics that i don't believe for around in my day. the business owner badges so interesting. when you're in this as you know the basic steps to plan and create a business that you might want to start one day. do you think it is important to revolve like this and each girl is about money? >> yes, i do. i have always been goal oriented, and the girl scouts was a great way to set goals and earn specific packages and then achieve those results. and so today i think it is important that the girl scouts have evolved with the specific badges are. every -- very apropos to today's business world. melissa: congressman, i mean, that is one of the things that i remember the most that seems like lessons that can be carried over today, this idea of you want to learn a badge. you have to do really specific things in order to get them. you feel bad about yourself when you only have one or two
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indifference have a ton. it is a competitive type thing. a lot of responsibility. you have to have your uniform, bring everything with you, pay your dues. are these important lessons? can be too strict? >> no. i actually think that the girl scouts mission is about courage, confidence, and character. and so all the things that come together with our earning badges really encourages people to have that courage to try new things, that confidence to show girls that they can do more. they can learn n things. and that particularly love the team work that goes in to grows doubts. being together in troop, working on badges together. it really does actlly build character as well. melissa: it does not seem like there are as many girl scouts out there as there were in my day. you know, even this looking -- that was my instinct, looking at the numbers compared to 2003. there were about 4 million. now it's down to about 3 million. why do you think that number is
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dropping? >> well, i certainly think that -- melissa: congress on it, i will send that one to you. >> sorry. i actually think it probably has become a little bit harder for a lot of moms to be troop leaders and because it takes a lot of time to be a leader. and with so many women working and working outside the home i think it is a bit harder. my mom did not work outside the home of the time, and so she was a leader. i wasot able to be a leader at the time. my daughter was in gross counts. add very much was still appreciative of those monster did havehe flexibility and did become leaders. so i think that actually could be part of it. melissa: that is definitelyya problem. >> and this seems like moms can necessarily be leaders. people less trusting. i mean, they feel differently about sending their girls over to someone's house to be part of a group? >> well, i can't quite speak to each individual household, but i think there really important thing is you don't have to be a
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mom to be a girl scout leader. you know, one of the things that i love about being part of the w mbas are 132 players, fabulous royal models for young girls. melissa: are you able to record any of them? >> many of our players were girl scouts. and so i think there is an opportunity to give back and to give to the next generation of young girls. melissa: eileen, why does it -- >> we think that -- melissa: go ahead. >> i was going to say to my bank also grows of a lot of choices today in spending their time in sports. and i know in chicago as an example, my company supports a grows for science program. and so girls are getting that exposure in other ways. i think the girl scouts is a very important organization and that they are really encouraging teamwork and having results and getting developed to be the leaders of the future. so while there are many competing priorities, i think it is important that we continue to
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support the girl scouts. melissa: eileen, what does it feel like, you know, people have a different sentiment about girl scouts were swiss accounts. why is that? what is different? other than the obvious. >> well, i don't have a different sentiment. i think both organizations build character and and teamwork, as we said before. maybe, perhaps, boys have many choices years ago in terms of activities. girls didn't. today i think girl scouts is something that is very important for the future of women. we need to build on that, and i just love the idea of a financial-and getting financial acumen as a young woman and learning about finance and managingoney. melissa: and it is so true. one of the biggest lessons in that is that spelling of the gross up cookies, which was so iconic. i was interested to read that oreos is the biggest selling cooking in the content of cookies in the country. it is amazing that it would be
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the second-biggest selling cookie in the country. thank you for coming on. we appreciate yoor time. we will send you all a merit badge for this. maybe you can give me one. that might be more appropriate. coming up, the dow closed above 15,000 for the first time in history, and goldman is naming the most undervalued stock in the market. should you be buying them? to top experts william because at the end of the day it is all about "money" and maybe badges. ♪ this is america.
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♪ melissa: can you make "money" today? market mania led the debt to an all-time high, closing above 15,000 for the first time in history. at the same time, goldman released a list of the 40 most undervalued stocks out there. so you have two experts with their "money"-making moves. half founder of herington capital management. president of american wealth management. always a pleasure to have both of you guys on the show. even better on this momentous occasion, of course. let's get right to it because we want to make some "money" for
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our guests. we went through the list from goldman of tir picks and where you thought you could make money. kyle, will start with you. one of the things that you saw on the list that you liked was good year. >> i don't know if we like, but we don't. it was coincidental that when i look to the list good year and 46 did you at your position? >> i would. it is a tough situation because the dow is clipped over 15,000. yet to pay aention to valuation. looking at companies that are still out of favor even though the marketplace has run up significantly. it is a stock picker's market from here. without question. good year, this is a comny, if you believe in the sector, the automotive sector in the united states, it's backing the past that point then i think we can make some money. obvisly it is a tire manufacturer. they have cleaned up a lot of their balance sheet on pension liabilities where they had a major issue. a lot of restructuring, but i think here for word from of value perspective today makes a lot of sense if you believe in
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the automotive sector, which we do. melissa: your pick is life sciences. how come? >> correct. >> would you at your position? >> you know, i would. i like the price. as an elected the financial strength is in a plus. products treat advanced cardiovascul disease. this great transantor heart valve replacement. you know, 73% sales increase year-over-year. that drug but to have that type of surgery is extremely not invasive. you can have of a heart valve replaced. melissa: you like ford motors. 20 percent upside in the price from here quickset think it's more. i am a believer. the fourth focus made an amazing splash from an economic perspective for people. they could afford a car that was really good on gas. we see gas price very high, some people are paying more attention. the dip into the asian marketplace, china, for example, $5 billion investment. a lot of sales going on over
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there. it is an affordable car and a marketplace that is also affordable because rates are so low melissa: qualcomm is another one. goldman, up 30% upside from here in the stock. you agree? >> you bet. here's a company with the financial strength of a plus. technology portfolio is wonderful. 70 percent of their revenue comes from licensing, 30% from ships sales. doing very well with nokia and samsung. and they are selling in china, 71 percent of the chinese are unconnected. tons of room to grow. in the first quarter operating revenue is up 45% year-over-year melissa: coleman picked provincial. you don't like that. 24 percent upside in the price. >> not a big fan. a lot of restructuring still has to go on with respect to are the in the insurance faced in the financial base. by look any financial insurance sector i look at a better brand name like goldman and cigna. i will stay away from that name
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as an undervalued name. melissa: you don't. >> of course they are in this area of having a lot of difficulty with commodity prices going down. there are being heard by a slowing economy in china. of course, this conversion is going on from coal to gas. that is also becoming troublesome. financial strength is only a b plus plus 56 it is interesting. they are owned by a lot of hedge funds. sometimes when you look at that you wonder where the incremental by our come from. thanks you for joining us. preceded. a breakdown. >> thank you. >> thank you. melissa: up next, think there is no "money" in your name? how wrong you are. new study shows up having no longer first namcan cost you big time. supposedly costing you $7,200 per year. stay right where you are. find out why. you can never have too much "money." ♪
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even more. you have paid for these. >> i paid for the spirit as a genuine. melissa: first of all what is in the name? "money" actually. a new study says a shorter your name the bigger your paycheck for real. i can't believe this. if your name has more than five letters you actually lose $30,600 per letter per year. what? and changing my name to a $. what do you think? it is going to be -- it is like a prince. >> to change its nameo assemble. >> maybe we need to k him. melissa: is there money in here? quiberon makeookies. here's the deal with this. >> it is clear that warren buffett. his name is way too long. a guy lost every penny ever had. this survey, this calculation is on target. i'll buy it. the by this? >> i don't know.
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they also talked about nicknames. and they said that if you go by nickname, actually, you are earning less money. >> around here i don't go by the name adams. have a nickname. my want to ask. melissa: we both the release scared, then we? moving done now to the very important business of looking great on tv, which i guess a lot @% our print reporter friends don't think it's that important. the "wall street journal" actually sent out a memto its enti staff reminding them to take their physical appearance in the consideration before going on camera and urging them all to visit their local makeup artist. the best line in the whole thing, i llve this, you want the spotlight focused on your stellar journalism, not shining of your forehead. so are you surprised they are even sending this around? >> wonderful advice, and they should be proud of it there make a dent. i would never go on the air.
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>> we have a professional. the makeup artists. the bottom line is how you appear on tv should not distract from the message you are delivering. it inot my book. and how you present yourself because it is a visual medium, this is part of it. when you are in print you have to worry about those things. it's like radio, you can wear whatever you want, but when they see you. >> id radio and television and can say, radio, show up in front of the microphone, no makeup and hair and a pony tail, sweat pants on. i would die before i would show up that way in front of all of you. in fact, have recurring nightmares. being late for live television without having time to do all this. it's horrifying. melissa: i do have that nightmare. it's a nightmare. it is like -- >> i will share with you that it is harder on the women and it is on the guys because i have watched you guys.
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how could you not? fight over that chair for their hair. the guys, it i all of a minute. melissa: maybe i wake up like this. a california woman bought an extra lottery ticket by mistake and it turns outt was the winning $14 million ticket. while. that is a good mistake. i do have a routine. i do. its bond. i like to buy the fantasy. $1 for the mega millions. when i am buying and know i will lose the but it is because i wanted fantasized. what would i do? >> three or four children and she was really struggling. she put the extra dollar by mistake and get the winning ticket. i only play the lottery when it is one of the huge mega jack box. the net by ten. of course i lose. melissa: you have to be in its awareness, but i never do. >> a dollar and a dream. meliss there you go. that's all the "money" we have for you today.
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you guys are fantastic. the keys so much. thank you for the growth of cookies. therefore my kids. when quint. i'm "2 cents." "the willis report" is coming up next. ♪ >> the following is a paid advertisement from star vista entertainment and time life. >> ♪ you're the meaning in my life ♪ ♪ you're the inspiration >> ♪ that's how much i feel >> ♪ feel for you, baby >> ♪ how much i feel >> ♪ well, i need your touch >> intimate moments, cherished memories, unforgettable romances, the language of love can be spoken in many ways. and nothing ignites your emotions like the power of love. >> ♪ i'll always love you ♪ for the rt of my days
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