money printing by ben bernanke? we'll be checking all those indices. again, not affecting the market as you saw today. another triple-digit gain for the dow. will it happen tomorrow? liz: more records, we'll see. "money" with melissa francis is next. melissa: i'm melissa francis and here's what's money tonight. new targets in the irs's cross-hairs including a jewish charity that actually filed suit against the agency three years ago. we've got an exclusive with the group's founder and how far back and deep this scandal really goes. can you say watergate? google is taking cloud computing to a whole another level. the tech titan has a pie-in-the-sky plan to bring high-speed internet to far-off lands but is it a moneymaker or will it blow up like the hindenburg? who made money tonight. here's a hint. he is a green guru who is swimming in dough? any ideas? keep watching and find out. even when they say it's not it is always about "money".

melissa: so we start tonight with the latest accusations and stunning charges in the irs scandal. it turns out it is not just the tea party. it is now coming to light that the irs was also targeting groups like jewish charities. it is getting hard to ignore the buzzing question, is this president obama's watergate? joining me now in a fox business exclusive is lori lowenthal, the president of pro-israel organization, z street. she says her organization was unfairly targeted by the irs for political reasons and filed a suit against the agency back in 2010. thanks for coming on the show. so you were told that your agency was given special scrutiny because it was pro-israel and, it was sent to a special unit in d.c., is that right? >> well, almost exactly right. what we were told is that the irs had to give special

scrutiny to any organization connected to israel. and, that many of them were sent to a special unit in washington, to determine whether or not the organization's policies contradict those of the administration's. melissa: specifically, if you contribute the policies of the administration? i also read you were told they were looking into anyone who might be related to terrorists or be funding terrorism. which of that more accurately describes what happened to you? >> actually, both of those things happened. they seemed to be inconsistent but those were arguments that were presented by the irs in order. the ultimate position the irs took in legal documents was they had to look more carefully at z street because we might be funding terrorism because terrorism happens in israel. it is completely ridiculous. z street is purely an

educational organization. we don't fund anything. we don't give grants to anything. whether in israel or anywhere else. so, i'm pretty sure that it had to do with positions that we take. melissa: so you weren't filing for exactly the same status as the conservative groups that, that have been targeted and the irs has admitted they were targeting. you were filing for very similar type of heading, that, it makes you a charity but you don't actually give way money and you're not a lobbyist. you're basically out there to educate people, is that -pright? >> right. it is purely what is called a 501(c)(3), purely educational charity. nothing to do with politics or lobbying. melissa: so what was your response and where does this stand now? >> well, response initially was fear. how could the government do this. totally inappropriate. and, then we rallied our troops and we decided, we can not allow the government, the irs, to be treating

anybody including us unfairly and acting in unconstitutional manner. we filed suit in august of 2010 and we are awaiting, we will finally have our first hearing on july 2nd but because we filed the lawsuit, the irs invoked a recently-passed regulation and told us that although it was discretionary, they were going to put our application aside and not do anything because we had sued. melissa: now other groups in the same situation have said they were asked questions like, does your organization support the existence of land in israel? describe your organization's religious belief system towards land in israel? were you asked anything like that and what do you think of those questions? >> we weren't asked anything like that because we make it very clear what our answers are to those questions. we are a very pro-israel, staunchly pro-israel organization and we talk almost exclusively about facts having to do with israel. so those questions didn't

need to be asked. they are however, they completely outrageous questions that should never be asked by the government for purposes of this type of investigation. really inappropriate. melissa: what do you say to people who say that pardon me, organizations like yourself or the tea party who have specific beliefs maybe not everybody agrees with, shouldn't have tax-exempt status, that you don't deserve it? what do you say to people like that? >> i say if that is going to be the decision, that you're not going to give tax-exempt status to anybody other than, i don't know, someone who gives health care to the indigent, that's fine but do it consistently across the board. you can't pick and choose based on someone's beliefs. melissa: yeah. interesting. lori, thanks so much for coming on the show. we certainly appreciate it. we'll follow your case. >> thanks, melissa. melissa: for reaction let's bring in james freeman from the "wall street journal" it feels like this is getting bigger and bigger as more people come out. >> and we're not learning what we had hoped to learn from these irs officials as

they testified to congress. basically they're lawyering up. they're not really telling us what happened. we'll wait and see what happened here, whether this is, could it be an honest mistake that they were actually looking for terrorist frnts and in good faith ended up giving this group a hard time? we'll find out, but how can you give the irs the benefit of the doubt right now or the obama administration for that matter? melissa: could have just been rigorous questioning. someone trying to get tax-exempt status very valuable financially. trying to get dough nations that are not taxed. they have to put them through the ringer to make sure they are who they say they are and doing what they say. could you possibly justify what happened, what you heard in this case? >> one thing you alluded to, there would be a higher level of scrutiny over this group, this category of group versus the tea party ones because they as a c-3, handing out tax deductions to people that donate which c-4s do not. you can understand why the

irs would want to be tougher policing groups that are allowing donors to get tax deductions. we've seen, z street, franklin graham saying we got some very tough scrutiny after we speck out on policy issues. some other religious groups. of course the tea party and romney donors as well. melissa: my response to all this when i hear the arguments, lower taxes on everyone. that is a discussion for another time. >> yeah. melissa: what do you think about the larger issue? people keep saying watergate. democrats and of course especially the president get very upset. check your history. this is not at all similar. this is libel louse thing to be throwing around but how big is this really getting? >> i think it does go o the heart of our democratic process when you're talking about essentially using the an arm of the government, the taxing authority to pound on a group that was the essentially the difference in the 2010 elections. we find out, not so big a

factor in 2012. now we're seeing those people were harassed. in a sense you could say it is bigger than watergate. i don't think anybody thinks the watergate break-in through the election to the richard nixon. i won't say it through the election to the president. but -- his philosophical opponents getting harassed in the run-up to it. if i could flog my colleague kim strassel's column friday, talking about how this is a team obama tactic since '08 going after conservative groups, trying to begin up federal investigations. melissa: but the essential question we can't forget we still have not answered, where did this start? whose idea was it? >> right. melissa: that is essential. we can't lose any sight of it. are we getting any closer to this answer? >> other news this week which is big learning how many times these two guys who most recently answered the irs visited the white house. very bizarre.

over 100 times. and, besides, you know, some of it, a lot of it is obamacare which raises questions on its own. a lot of these visits unexplained. you compare that to their predecessor, who visited the white house once in four years. yeah, a lot of questions. melissa: a lot of questions. we'll stay on it. >> sounds good. melissa: thanks so much. so whether on wall street or main street here is who made money today. if you owned stock in storied jewelry seller tiffany's you're raking it in. they reported better than expected first-quarter earnings the stock soared 4% on the news. look at that move! that is the highest level in nearly two years. if you cashed in on the stock buy something sparkly for yourself or your wife or for me. making money today, green guru and founder of test la elon musk. both stocks are soaring and musk is reaping the benefits. he is wait up, wait for it,

$2.9 billion this year! what a guy. losing money today, lance armstrong's charity livestrong the charity's biggest corporate supporter nike officially pulled the plug. nike was the responsible for the sale of 87 million little yellow livestrong bracelets. saw them everywhere. at a dollar a pop, that is livestrong won't be making them again. that is shame. we'll tell you who is taking on the big boys. plus, unions long supported president obama and his health care law but they're now doing a 180 and arguing millions of members may have to drop their coverage. how will that hit your wallet? more "money" coming up. ♪ . e went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us.

we learned a lot of us have known someone who's l lived well into their 9. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retiment age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ a talking car. but i'll tell you what impresses me.e. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ vo: ta friend under water is end usomething completely different. if you don't have something important to say?

i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours.

melissa: a surprising new idea for health care that you haven't heard before. georgia hospitals creating their own treatment for rising costs. two major hospital systems in atlanta are cutting insurance companies out of the mix all together and starting their own insurance company that will compete directly with the big boys. with aetna, unitedhealthcare

and blue cross and blue shield among others. fox news's jonathan serrie has more from atlanta. jonathan, tell us about this program? >> hi, melissa, piedmont and wellstar are two nonprofit hospital systems exploring providing their own insurance. when you think of the traditional hospital model where you have patients filing claims with insurers who reimburse the hospital systems. what these hospital systems here in georgia are looking at is eliminating the middleman, creating a straight line between hospitals and their patients. looking for ways to improve outcomes and reduce costs two metro atlanta hospital systems are going into the insurance business, essentially eliminating the middleman between patient and providing. >> because the big insurance companies compete with each other on annual contract renewals, they're very hesitant to share the massive amount of date that they have over thousands of

patients. >> wellstar ceo reynold jennings says access to the data will help them better manage care. hospitals are moving away from a system that rewards each medical procedure instead of forrouts comes. >> in order to survive in that world you need an integrated health care delivery system. you need to provide the entire gamut of services that in a way that is cost effective. >> georgia state university professor, bill custer said obamacare has a national movement to merge and help stop rising medical costs. >> the changing environment of health care is such without that partnership, they may have have a tougher go of it. >> and melissa, the two hospital systems are planning on starting out offering this insurance coverage to their own employees and their dependents. but if it all works out,

they hope to expand offerings to the general public in the very near future. melissa? melissa: fascinating, jonathan. i'm sure we'll see more of this. we can't wait to follow this story. thanks for bringing to us. >> definitely. melissa: unions are jumping ship from backing the president's health care law despite years of support. in a complete 180 the unions are saying the costs are prohibitive and we'll end up seeing potentially people having to drop out of their current plans. duh. barbara comstock is advisor with the workforce fairness institute. barbara, these are the exact things that so many of us who could do math were saying from the beginning. that there's no way to add a bunch more people that are going to be more expensive and tell people you're not going to charge them more forions and not have everyone's premiums go higher. now it seems the unions have woken up to this, right? >> well, that's right. there, there was no real reform in the unaffordable care act which was the big

problem because as your previous segment just demonstrated we can find ways where you can improve outcomes, increase access and decrease costs but the unaffordable care act, the obamacare bill, does not do that. it is one size fits all. it is a plan that now that this train wreck that it is, is now apparent to units, who actually have to operate under it, now, they're sitting there on the tracks, they see that they're going to be part of a train wrecks and they're yelling stop. we really need to all start, come together and say let's allow more innovative reforms on the state level, where i am, as a state legislator. melissa: yeah. >> we want that. but the unions want payback and the problem is, they have been part of the problem. they forced this on us --. melissa: quotes from them are amazing. they say this will force their members to change their insurance or accept more expensive and worse coverage in the state-run exchanges. quote, you can't have the same quality health care that you had before despite

what the president says. thhs is the head of the change to win labor federation is the one who said that quote. is there anything, how can% this situation be rectified for the unions? can they get an exemption? is there some way way for the president and his administration to wiggle out of alienating this group that has been so essential to him and has now woken up to the problem and and is screaming? what can he do so save his bottom? >> i welcome unions to economic reality 101 and they need to join us in repealing obamacare and start with real reforms and where we can all get better access and lower costs and more flexibility. melissa: i feel like that is not going to happen. i feel a deal will be cut behind the scenes, where unions all of sudden, their membership doesn't have to go through what the rest of us have to. am i so cynical or -- >> no, you're right. that's what they have already gotten all kinds of exemptions, unions have, from the health and human services department and,

labor department. so they are looking for special favors. that is the big problem. they're looking for special favors now on having to live under the rules that they wanted to impose on the rest of us. just like they're trying to get special favors over at national labor relations board. we need to guard against unions getting special favors. melissa: and rest of us getting stuck. barbara, before we go i want to ask on the story that came before you, because we're out of time, do you think that is more what we'll see? in that case they're trying to cut outed middleman and lower costs? there is obviously all kind of incentives on either side through but is that sort of the model we need going forward? >> we need a model that brings patients and doctors and patients and hospitals back together. we need to do that. if we allow more state-based reforms where i'm based, love to see that not let labor unions push things on like this and get a special exemption from rules they imposed on rest of us. we do need to see the

flexibility and hopefully the unions will join to repealing obamacare and get back to something that would work for all of us. melissa: that would be interesting. that would be an interesting partnership but desperate times maybe call for desperate measures on every side. >> the train wreck is coming at them too. that is the problem. melissa: we can all see the light coming. we appreciate your time. coming up on "money," wall street started with a big rally today. i think the cause behind it is one of three things. keep it right here to find out what that one thing is. not only is california not approving fracking proposals, it's actually rushing anti-fracking bills in the state! why is the state so blind to all the money and revenue it could make, not to mention the jobs!? we'll tell what you it is missing. do you ever have too much money, maybe like california, i have too much money, forget it, never mind. ♪ . all stations come over to mission a for a final go

this is for real this time. step seven point two one two. rify and lock. command is locked. five sonds. three, two, one. standing by r capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyo it. siemens. answers. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagr if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection sting mo than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss vision or heing. this is the age of taking action. viagra. talk to your doctor.

so of the most advanced driver systems ever made. stereoscopic vision... distronic plus braking... lane keeping and steering assist... eleveenhanced systems in all. ♪ twelve, counting yo adrenaline system. the 2014 e-class. the most intelligent, exhilarating mercedes-benz ever made. see your thorized mercedes-benz dealer for exceptional offers through mercedes-benz fincial services.

melissa: the week on wall street starting off on a positive note after a holiday. the dow soaring more than 106 points to close at new record high, 15,409.39. nasdaq and the s&p also climbing higher. i say it is one of three things i want to see if our experts agree with me. they will if they're smart. jonathan hoenig is fox news contributor and capitalist pig.com portfolio manager. we have lake midel, president of american wealth management. welcome to the show both of. >> thank you. melissa: here are three choices go with none of the above and be a stick in the mud and whatever. consumer confidence that was a big one today. highest level since february of 2008. case-shiller home price index, the 20 cities up the most since 2006. they're up 10% year over year. bank of japan and ecb saying they will keep the money

flowing, everything loose and happy. i think it is the third one. what do you think, jonathan? >> well, i would say, melissa those are more consequences of the strong market rather than causes of it. the market, the dow, as we've talked about has been strong for quite some time. real estate too. reits have been great leaders. the one you left off the list is the fed's intervention, our own federal reserve pumping money, i got to tell you that is what is starting to change. the today the 10-year bond had the fourth biggest jump in yield over the last 50 years. i think that trend in bonds is turning downward and people have to be very careful about reits, income-producing stuff, all the high-dividend things they bought over the last few years. melissa: leif, got it wrong but got there through the back door, the reason why we saw the rally is all because of the fed and reaction today has to do with the ecb and everyone else around the world saying we'll keep it all flowing the same way the

fed will keep it all flowing, median house prices. that is one of the reasons why they're going higher and higher because there is loose money everywhere, right? this all about the fed, that is my bottom line? >> melissa, i'm totally on your page. you can see not only our fed it's across the world. all of these institutions, bank of japan, european central bank all singing in unison we'll keep the money flowing. melissa: yeah. jonathan, if we're all on the same page now, what does that mean for an investor? because it is artificial but at the same time maybe it is not going away anytime soon so you want to be in and riding the wave or is it dangerous. >> i disagree, melissa. melissa: okay. >> it is going away soon. melissa: really? >> see the market taking it away going away soon. just today you saw interest rates at multi-month highs. three-year highs, one year highs in many cases. melissa: great point. >> market seems to be calling bernanke's bluff. sure this easy money policy will continue. my biggest trade right now is betting against bonds, betting on higher interest

rates. i think it is a much more shrewd, much more alternative idea than simply following the trend in stocks right now. melissa: leif, what do you think about that? if we see the hike in bond yields and see vigilantees come back, can't the fed fix that too? >> in the short term we're negative, we're concerned about the market rather and i think the market is really trying to create a new trading range hopefully at these higher valuations. as it does so i think bonds will have price stability. i don't agree with jonathan as much as i like him i don't agree prices will fall off a cliff. i think we go into short-term consolidation range hopefully at these higher levels and see an advance later in the year. melissa: we all agree we like jonathan. we have to go. guys, we'll do it again. next on "money," with states like texas and north dakota raking in the dough from fracking it is mind boggling to me that california is doing everything it can to prevent the process including rushing and anti-fracking

bills through the state. why don't they want to make money to pay their bills? google got a new idea, and it is nothing if not sky-high. wait until you see this one. "piles of money" coming up. ♪ . erybody has different investment objectives, ideas, goals, appetite forisk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. find out why 9 out o10r your large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges a expenses. read and consider it carefully before investing. sk includes possle loss of principal.

♪ . melissa: talk about a golden opportunity, there is an

energy boom going on right now in california but at the state capitol, there is also a race to regulate the industry. it could put the brakes on one of the bright spots for california's economy. fox news's claudia cowan is live in san francisco with this story. claudia? >> well, melissa, we're talking about fracking, hydraulic fracturing. a lot of discussion about this technology right now and this flurry of bills here in california coming now in response to the growing buzz over the monterey shale. this is a geologic formation in central california where talk of expanded fracking is sparking estimates of 15 billions barrel of oil, millions of new jobs and huge contributions to the domestic energy supply. a number of democratic lawmakers are saying hey, not so fast. they have introduced measures cragging down on the controversial technology. some of the bills take aim how crude is extracted from rock layers beyond the reach of conventional drilling. others call for full disclosure of the chemicals used in the high pressure

process, how they're removed and where they're stored. one seek as moratorium until more studies are done on the potential risks. >> with hydraulic fracturing,00 of gallons of water, laced with chemicals, sand and can go horizontally underground, we don't know, we don't know enough. >> a standard step in oil drilling fracking has been used in california for decade and has a clean safety record here. supporters say bills seeking more studies and rules are at this point premature and could jeopardize a potential bonanza. >> why would you want to curtail energy production with the technology that has proved to be safe, and he do nye the folks in the regions of the state who, where those benefits are going accrue? that opportunity? that just doesn't make any sense. >> meantime state regulators have just released their own preliminary rules which when approved, they argue will make anti-fracking laws unnecessary.

but some legislators are not convinced those regulations will do or go far enough as energy companies eye the vast monterey shale and the promise of california's biggest boom ever. melissa. melissa: absolutely. it is a huge deposit. claudia, thanks so much. as you saw california is rushing to pass anti-fracking bills but haven't they seen the economic boom in north dakota? do they hate 3% unemployment? it is terrible to have numbers so low. here to drill down on the details and tapping this resource are steve moore from the w -- "wall street journal", and aaron mcclaire, former press secretary for governor arnold schwarzenegger. always nice to have you on the show. aaron, let me start with you. what is to hate with new york dark? they have 3% unemployment. value of land skyrocketing. kkr will be built in 820 multifamily units. burger king, $5,000 signing bonus for managers, they have so many jobs they don't

have people to fill them. what is to hate here? >> as you mentioned we have one of the highest unemployment rates here in the country out in california. we have hundreds of billions of dollars in debt mostly due to pension and retirement obligations. we could certainly use the help. the difference between here and texas and north dakota and some other place the environmental lobby is very strong out here for good reason. we have a beautiful piece of real estate out here and californians support protecting the environment but there is a balance we need to strike and i don't think the balance is going in the direction of business as it ought to be. melissa: steve, the epa said quote, repeatedly confirmed hydraulic fracking has caused no proven incidents of ground water contaminatioo. fracking is not new. it has been going on for a long time. just the technology has gotten better, we can do more of it. that's why you're hearing more about it now. is there anything that can be done? they say in claudia's report they're waiting to make sure it is safe and clean so we don't wreck california. if i could take them at

their word but i would say that makes sense. but the epa who doesn't like energy already said there is no proven case of groundwater contamination, so what more do they need? >> to be against hydraulic fracturing is like being against a cure of cancer. that is how big a breakthrough this is in terms of oil and gas resources. as you said, it is happening, melissa, all over the country. it is happening in north dakota. it has been happening in texas for many years. there have been no water contamination issues there. it is happening in west virgina and pennsylvania and those states are getting rich. look, i agree you have to be very careful about this. it is a new technology. california's a beautiful state. you don't want contamination of the drinking water but you know, we can walk and chewum the same time. this should be regulated to protect the drinking water, but it can be done in ways that will raise tens of billions of dollars for the state. by the way that is a way to pay off huge unfunded liabilities, to improve the school. so it's a win-win for the private sector and the

government sector. melissa: aaron, i was in northern california this weekend. i grew up in southern california. i know what we're talking about here. it is a beautiful place and we don't want to wreck it and soil it. at the same time, you know, how much evidence could be produced, is there anything that could sway environmentalists or is this just buying time? again, if the epa says they have never seen a single incident where they can say there was groundwater contamination, what evidence could come along that would change the mind of environmentalists in california? >> i think claudia pointed out, we've been doing this here for 60 years. there never has been an incident. there are no studies, what other evidence could be out there? so far there has been none that indicate this is bad idea. i think governor brown actually has it right on this one. democrat and democratic a legislators are putting forth these bills. he said we really need to look at this, in environmentally safe way we also need to realize this is an extraordinary potential

for california, with all the problems that we have, it would be terrific if we could tap into that. >> melissa, he makes a point on this. melissa: jerry brown said, we need money. isn't that what you heard from aaron? i want money. >> that's right. that's one of the reasons that jerry brown i think is moving to the pro-fracking side. look, i actually think this is going to get done, melissa. melissa: really? >> i really do. the economic advantages are so enormous that i don't think it will get stopped. but you asked why are the environmentalists against this? maybe i'm a bit of conspiratorialist. i don't think they're so concerned about the fracking process. they just don't like fossil fuels, right? they don't want oil and gas out of the ground out of the momter ray shale because they think it causes global warming. i think that is the real agenda to try to stop fracking so we don't go after the resources. by the way not going after those it is a way to supposedly continue to subsidize the wind and solar

industry there. melissa: without question. you guys are fantastic. steve moore, aaron mclear, thanks for coming on. >> thank you. melissa: ge putting billions where the boom is, fracking boom that is. not only is ge opening a new lab in oklahoma it is buying up related companies. the company says its $15 billion investment makes sense for ge's future because the technology could help potentially address environmental oncerns. you hear that california? the rising impact of u.s. shale oil production making some wave with opec members. members are set to meet this friday in vienna and will address the issue of production cuts should prop up prices if they fall any lower. the u.s. and canada are on track to produce 21% more oil by 2018 according to the international energy agency. chevron giving a $2 billion loan to venezuela's state owned oil company, ped vasesa the joint effort is in an effort to boost

production in the bakken oil field by 20,000 more barrels a day. the oil field currently produces 107,000 barrels a day. when they say sky's the limit, google takes it literally. how its newest plan to bring wireless to the masses is taking off! at the end of the day it is all about fracking. ♪ . announcer: where can an investor be a ne and not a number? scottrade. ron: i'm never alone with scottrade. can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best erall client experience."

at od, whaver business you're in, that's the business we're in with premium service like one of the best on-time deliry records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises.

♪ . melissa: google doing good by traveling across the globe to provide internote to those without it is so kumbayah but going by blimp. the tech giant is planning to use blimps to provide service and cell phones to areas in africa and southeast asia. it could help as many as a billion people connect to the web wirelessly but how does it help google and its shareholders? todd hazel ton from tech buffalo joins me to talk about. i thought it was tech no buffalo. >> it is. melissa: that was a little mistake in the prompter. this story is interesting. they're trying to get the internet to 2 billion people. they're using blimps in certain spots.

they're using cell phones. not dropping cell phones from the blimps, that would be dangerous. they say the ceo, larry page said they're doing it as sort of a humanitarian thing. >> right. melissa: but, which i don't even love because they're a public company so they're really supposed to be beholden to the shareholders. >> right. melissa: i think they're sort of creating a market. >> let's look at it from that standpoint going to gdp 7.1 billion all from the internet last year. let's look at this. android is 900 million activations of android from google all around the world. now consider that there is 4.6 billion people on the earth with 10% penetration of android. that leaves a huge market for google. as a matter of fact, eric schmidt, the chairman said recently, that he believes for every one person on the planet, two people don't have internet access. melissa: yeah. >> so google is about to deliver. right away you get android activations right in emerging markets. melissa: i guess but i'm wondering, if subsahara africa will they order a lot of stuff from amazon?

>> that is not the idea. it is for education, for business. melissa: how do you make money off that? >> right here you have penetration. so you give android services to your people and automatically ttey're using google search. they're using google's ecosystem of apps. maybe not music but using google maps and using other applications translate where these are people who never had access to the internet before, not even connected. >> don't they have access to the internet because they don't have a lot of money? how much could they do on a phone. >> that's war google comes in. melissa: even if you give them the phone can they pay a monthly bill. >> no, i don't think it will work that way. what google is doing is on humanitarian effort. you give them internet. soon you get business around the internet and boost the economy in these countries. melissa: hmmm. is there -- >> sorry. melissa: that makes a lot of sense. >> in the in the united states which have google fiber and google is subsidizing roleouts for 100 megabit internet which no other carrier can offer.

google is doing it here in the united states. melissa: you see the immediate payoff to them, investment and a payoff. with this, i wonder they're so far ahead of the curve for the shareholders can you see return anytime soon? no. melissa: or being first in. >> this is long-term play. there is a advantage to being first in. i look the way emerging market is in china, samsung is absolutely dominating. zzt, they are other manufacturers that use android as a operating system. we're looking growthing mom companies knots just google but partners. melissa: so interesting to see the way they're deploying technology, because they can't do it traditional ways and using television waves and usiig the blimp. >> it is repurposing spectrum that was once there. where tv is now they will deploy internet services, right? this is sort of like a gateway drug. we were talking before the show. you give people the internet, all of sudden they're using it. melissa: right. >> they're putting on top of university towers and 10

elementary schools taking advantage of technology. you put it on a blimp and use low frequency spectrum. melissa: how many blimps are they going to fly around? >> it was "wall street journal" article and they didn't talk so much about the up aboutps. melissa: that was so interesting. todd, thanks for coming on. coming up on "money," talk about a bridge over troubled waters. this bridge in maryland scares drivers so much they will pay to have someone else, wow, drive their car across it. details are next in "spare change." you can never have too much money if you will pay someone to drive your car over a bridge. that's for sure. ♪ .

♪ melissa: it is time growth fund with "spare change", and today we are joined by a dynamic duo, monica crowley and david asman. >> so happy. melissa: everyone loves. >> so sweet. melissa: casting in on drivers fiers is proving to be a successful business in maryland. that's chesapeake bay bridge runs almost four and half miles long but might be the most terrifying for a half miles of your life. look at that if. >> that's if you're driving 150 miles-per-hour. >> in the rain.

melissa: one company is capitalizing on it. they happily make the drive for you for $25 each way. the company has a rolodex of more than 5,000 frightened customers. genius or scaredy-cats? >> i am another classic customers. i have this thing about bridges. even ones that are just straightaways. i am scared of heights. i am the closed nature. melissa: they can get narrow. >> and this in particular has a up and down with -- >> not only up and down, but it also has a hairpin turn. by the way, i think this is absolutely brilliant. i love it. i love it when entrepreneurs find a way of monetizing something that we don't even think about off. this is supply creating demand. paul krugman, we will we talkin about him later. the supply creating demand. suddenly as 5,800 customers.

melissa: then pass a law that says you can only have a government worker drive your ca across the bridge and tax it. next up, planning on taking a trip this year? may be taken the consideration the number one tourist destination which is bangkok, thailand, what is even more surprising is the reason that thailand is being dubbed becaus of a shopping. are you going to go to thailand to go shopping? >> probably not. i don't think so. it actually edged out london. >> ladies, ladies you're so sweet. you really think it is shopping? that is what these guys are telling you. shopping. yes, of course it is. in a day of internet you can ge anything that you want from thailand or timbuktu over the internet. people go, man go to thailand.

did you ever see hangover to? that is what is all about. it is for the sex trade. i'm sorry. sex trade. sex, sex, sex, that's it for. melissa: that's it? melissa: whenever it was there with a little -- >> there are laughs that are worn in different places. melissa: i can't believe i walked into that one. >> what he is saying is sexx cells. melissa: that is shocking. you know what, who knew? well, there is no lie, the united states has a fascination with the british royal family. now the in-laws are coming to america. paid middleton -- take middleton's parents are plannin to expand their party supply business across the pond. i think this is a genius. and surprise the does not call party princess. what do you think? >> well, they say, and i don't know these people. maybe they mean well, but they say they have a desire not to embarrass a by being accused of cashing in on her royal standing . come on. they have party packs called

little prince and though princess. that is not cashing in, i don't know what is. >> they're walking a very fine line because their daughter is in line to be the next screen, so there are some ethical issues , but i am all for capitalism. one day the family in the business. >> nothing to be critical about. melissa: everyone would be criticizing them either way if they either shut down their business and then lived off f the princess of the rest of their lives there was a, you know, that is so tacky. you're living off your daughter. they have a business. what better place to come to cash in an american? this is it. teeth. >> kind of ironic. melissa: there's a show called "money". there's a reason why. >> adelle think it will be in new york, by the way. melissa: maybe we will have the month. , michele. this one is an arid smack down. three top economists are doing over that nation. they posted a letter on the

website, a controversy of princeton economist, accusing him of unsold behavior in his critique of their analysis of debt austerity. whose side are you one? >> rudd man is not uncivil. he is a nasty, liberal warm. uncivil is such a kind word for what this guy is. he peddles in that information. he contradicts information that claims that the span of formation is the truth and everything else is a lie. melissa: and when he criticizes other people he always sits below the belt. these guys say, we admire your past work, i don't know why, bu a deep disappointment that we have experienced your spectacularly a sensible behavior over the past weeks. >> and good for them to read a lot of people are intimidated. david is right. he is a nasty, miserable, what

was human. melissa: monica, don't hold back . >> he is really horrible, but when he attacks the other peopl3 . melissa: we have to go. there you go. that's all the "money" we have read today. we will see becker tomorrow. here's "the willis report". ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" president obama's says he has done a heck of a job. >> it is open for business. gerri: he will tell you about the folks left high and dry. a dangerous oversight of your tax dollars. government watchdogs not on the job. the markets are on fire, but ho can you make gerriwillis.com without getting burns. watching out for you tonight on "the willis report". ♪ gerri: our top story tonight