stop making it a mom-and-pop on the of wild toe riride. [laughter] >> thank y all very much >> nominee with melissa frances is next. >> the irs seeks a new low. it is hard to believe but $50 million on employee conferences between010 and 2012 including motivational vios like the cupid shuffle. can you make of madness stop? $1 billion or best how huge offers through the era of sub billion dollar buyout is upon us again but are the company is really worth it who madeoney today? investors making of a breakthrough against skin castor -- skin cancer.

even when ey say it's not not, it's always about money. >> seriously? while the iris targeting conservative gups some workers were making videos to pmpt them sews up for lavi nferencesaid for buy u. an inspector general's report says the irsas $60 millioo on conferences between 2010 and 2012 including videos to presidentialuites. for real? who will be held antable for the i.r.a. set of control? joing us wh reaction is congressman bill march the republican from texa

let's died in and i w start with congress van issa and those workers that testified they re told to do this from washington and i paraphrase they have then thro under the bus but they were getting hequarters and how to verify that and if you believe it? >> you don't have to vorce yourself from common sense we used to tell that to the jurors. if you see that somebody finds out about illegality within his own department, one year ago before the election mang 157 trips to the white house , then you have to divorce yourself from reality to sink he did not mention to anyone, either he is the worst and incpetent employee in irs history or

he did report it and they found out they were targeting conservatives. but we found out it wasnot just east craig getting rolled. melissa: but congressman cummings' e top democrat on the oversight panel said net that no testifi to this that they were getting their oers from washington how do you reconcile? how cayou lo at the same information to listen to the same testimony with a different impression? >> he is right as far as testimony that people have not come right out that i have when orde fro the white house. i don't know if they will but we have seen is the irs has a taste for the conservatives d have come after them and if the bear gets a taste for human flesh you have toput them down. i am not suggesting that with the irs agents.

melissa: how high ds that go? from the commissioner on down >> if they can show they haveeen good employe than maybe they can get on with a different agency. this is a disaster. the hearings were not done and i did just leave a hearing with appropriations and when i hear a gentleman whom police say -- say we have to get to the motivation of what happened. was agreed, power? melissa: i thi you wod agree to figure out where it started and how high it went >> exactly. melissa: it started hher than that and how you prove it beyond a reasonable doubt. do you need a smoking gun and a? >> we dot need it beyond a

reasonable doubt to clean up the government but we need to have hearings and people in need whistle-blowers to come forward to give us the trh so people can have faith in vernment. they will not have it with the irs. and also they go very well to t left if they have a hard time to go to the right melissa: that is a good jke to go to the top to find the topless lerner still collecting her salary that is more than you are paid to be a congressman to be paid to sy aa home and you worry this is hush money to keep her from talking that where she got her ords fr? it does not matter and i think they believe e really is punishment to stay at home and not work.

mainstream tv is punishment enough but it is ridiculous. you have the same thg with fort hood of guy who killed 13 americans still getting paid. is pretty enrages. melissa: it is outrageous. but fir reacting to the news of the excess of spending with a $50 million and 220 conferences 4 million going to the conference in anaheim with baseball tickets and presidential suites how can this go on? >> it has got to be stopped. if you attach that article thugh twitter they can't find this informion in there but what about $17,000 for someone to speak tohe agents about leadership ugh art?

are you kidding me? i have a daughter who is an incredible artist but for the irs? do your job. melissa: your so frustrated because we hear about this after the fact when the money is spent and it was our hard-earned dollars. thank you congressman. here is the money question of the day are you more outraged about the ira's targeting groups are spending that money on conferences? there are so many disgraceful elements and the general nsensus so far it is hard to pick just one to beurious abo. like us on facebook or follow me on twitter. it is fine for coming congressman was talking about it with melissa a francis. bp says it will spend $1 billion to ramp up oil production in alaska and it will add to drilling rigsn the company says they are

combined with upgrades to existing f facilities could createte 200 jobs. w udy says climate change could prevent the u.s. from meeting the biofuel goals. the report from uc davis says in 40 years of hotter plan that would reduce the yield of corn grows for ethanol by 7% while boosting the need for irrigation by . this ceo of energy use -- europe and is accompanied denies the bribes were paid but they agreed to p $390 million oa settlement to u.s. and french officials. they're waiting word to see if thereill be trial over the allegations in france. word of another coany being bought for $1 billion. what is in the water? we will talk about it. you could be next. i could be next.

do you know, what this is? could you gas into seconds for $1 million? we he the woman who did it on wheel of fortune for the second time in history. you not -- to not believe it. ♪

melissa: is this a new era of the billion dollar buyout? now eats bidding more than $1 billion for the video streaming service hulu. it is paially owned by fox bubusiness network parrnt company ws corporation. so we saw them pay 1.$1 billion then facebook and then a buyout for instgram. i need $1 billion. with me is managing director of technobabble. alsorom the wall street journal thank you for

joining me. i feel that i am back with said doc, age with the terest and hulu using data making up the wordsbut they are companies that could pontially be targets. ishis a new era? >> you'll find this hard to believe but a billion dollars is nothat it used to be. at used to be tbut now because k and social media the valuation keeps going up now that is the new bogey. [laughter] we wa to be there but companies are coble and you can build them more cheaply than you ever could before. melissa: that is wonderful he may be helpful i can do this by the end of the show becaus i definitely need the cash for the summer. so of the rules, does it

is that a central? >> it isheer to do a software cny a t of the hardware companies require a lot of capital so if you look in all of these companies getting bigger with facebo, instgram, hhluay are based around a common theme. melissa: but then you don't ha a product you are not selling anything they are silly things you do online menu are supposed to be working. it is $1 billion for nothing but the number one rule is don't crea anything that makes anything. >> that is not true. your attention is being sold and your pocketbook is sold and that cou be worth a lot of money.

melissa: one the res is to have a built-in audience because you have to bring those eyeballs with u. but one that really bothers me is the interest that you like to doing your free time that is pinterest. >> it is the fastest growing social network beating the growth rate of facebook and twitter that are established pinterest is the next big company to get picked up. melissa: what is of value? on i just collecting pictures of what i want to do some da >> that is the bigger companies want to look at the product and how to use them in your daily life it is in its revenue for

advertising. >> if you go to google you ter a word. melissa: but i would never waste my time to post a picture of wha i want to buy i would just gbuy it. >> people goo pinterest they're looking r ideas of things to buy better cool or popular. it is a decorative buses. melissa: i think i may have already blown it does the ceo have to be under 30? i know that i look like i am under 30 but i am not. >> i hope there is a chance

for me. melissa: it is almost li you have to be in your 20s. >> also he was a high-school dropout and mark soderbergh was a college dropou -- mark sector. was a colle dropout. >> but they are just sitting in that door room looking for the next facebook or maybe at they are not doing when they should study i am not sure i to come up with the company but we have a good start. thank you. when does the bu surplus not have a surplus? california fee flush but we have the details could you get what this is a into secos? do you have it? if there was $1 million on the li?

we will speak to the woman who did it and made wheel of fortune history. ca you have too many balls? ♪ ♪

♪ melissa: whether on wall street orain street here is to make many. if you own merck clinical test results for a skin cacancer treatment came back positive for drug shrink tumors in a large number of cases and that sent shares jumping nearly 4%. meanwhile losing money today, the co-founder of nga rt of an effort to cut costs that hammered the stock which tumbled nearly

12%. owning 87 point* 4 million shares that means he l lost $35 million. to came up shortoday? will srts -- wil smith movie tank at the box office it cost $135 million to produce and 100 milli to market but it took in 27 million. do the mass. that is not good and w below the low end of estimates. california dreaming. the golden state is closing a budget surplus for the first time in more than a decade but lawmakers can agree on what to do with the many. governor jerry brown wants se it, shocking but the legislator wants to bring back programs cut during the recession. we're inos angeles with more. tell us about this story. >> we're looking at between

one and $4 billion surplus for the first time in more than a decade and three governors. governor brown wants to save it may bpaid down the pension that and that the revenues are not sustainable is his fear thatould mean a repeatf the past. >> from the time they get up they are taxed. this goes on all dayong. tax, tax, tax. >> from 2003 helped to get arnold schwarnegger elective but as they found out state spending was rse california was o on the brink of bankptcy three years ago with $60 billionn debt after borrowing and cutting and raising taxes they are in the black. >> we have to be careful we

have to be prudent. >> but many are planning to spendevery penny of the new-found wealth. >> if there is a $4 billion excess some programs can be restored. >> t spend more money on soci services. >> even the democratic colleagues will return to the tax and spend policies thatroke californi >> people sawe have many but i don't have a week to board. >> the governor said we screwed this up before wee3 assumed revenues and daughter cells in big ouble. so california's budget is i the dependent on capital gains but many fear is a result of the onete stock sell-off that is why the governor says this may not

be sustainable to see if he can control sacramento with said majority of democrats. >> that is the point* they were capital gains it doubled for the year so everybody took them. it is expected the number will be lf of that next year how do you put programs back into place based on the one time gains without logic ? >> property values are going up with good economic activity butdo igree but this is politics the unions won a politics and paybacks with high-speed rail the earthquake detection system and he owes money to the schools. you put that in a legislator

what will happen? people want a payback. melissa: jerry brown argues for tightening theurse strings the d the road is coming. thank you for coming. critics tries to tar down steve cohen but should they be worshipped as a ceo? the power panel saysf they are a buy sell or hold. forget the lottery the odds of winning $1 mimillion on wheel of fortune is nothing like to have never seen especially the final clue is what you have seen. we have the woman who took only seconds to answer the second in history to defy the odds. coming up. wwent out and asked people a simp 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 lived well into their 90s and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retireme age. ♪ the question is how do you ke sure you have the money you need to enjoy all othese ars. ♪

melissa: no matter what time it is newses is baking from the s&p 500 thatt will replace heinz with general motors stock is up after hours. from worship to rip art we have watched ceos get dragged through the mud with bad press scandals and been fired but should you lose

faith in their of ldership abilities? we have our panel here to buy sell or hold some of the biggest names in business. jonathan honig and also hillary kramer president and chief investment officer o ing capital thank you for joining us this is what got us thinking on the topic here you have a guy who has an incredible track record is paid powell powell, a tesla and solar ty -- and blasting into outer space without question ingeniou and then he wants to pack up our bags and move to mars? is steve genius? >> it isis a by.

he is so innovative what he s done with tesla he has grown a real company with real product and he has all the vision but so did steve jobs and one day we will look at elon musk put them in the same category of the innovators and leaders of technology in this country. messa: that does not eclipse crazy. do you care? >> be careful caing him crazy he would lambasting his critics. melissa: i which died of happiness if you put anything about me on twitter [laughter] not only to put his own money on the line but also their money as well. i give him a strong buy but would not buy the stock it is going to fight to fast.

>> i really like e musk anyone whos characterized to make a movie based his character and. melissa: that is fabulous. moving onto jamie died in. this is someone in the financial crisis when the hundred jamie diond and a diond is forever but then oliva said we would rip him down becse he was worshiped and one mistake along the way and if i see -ne more dimon in the rough. >> i give him a strong buy. he will keee building the company where he had to improve the balance sheet and the credit situation and whole problem in being too powerful or too strong will be in the past as well as this with thef wailes

trading and risk management. jaime dimon is excellen at empowering management, rk manament to do things like that the government to pay him to take on bear saans and he is imme toany risk the man is brillian so go somewhere else. melissa: that was brilliant to save theme toe chairman i don't need to be ceo. i will go away. i don't need the money then all of a sudden people found religion and that it was a bad idea. >> it is a by. they would be crazy to let him go. he is a target he is a target for everyone from government to the newspaper headlines but hillary hits the nail on the head a terrific ceo doing great for jpmorgan i would not bet against the stock.

>> i agree. keep in mind the 2008 crisis that we are years away but howuickly we forget. that was terrific and he was a acon of light in his firm was considered one of the healthiest of the nine largest. melissa: then we give a tougher one. steve cohen. the greatest writer of all time or something less legal? we don't know anything yet. but there's a lot of controversy. >> a strong buy 10 years of 20% returns melissa: you are now worried

redemptions? >> i am not he is a spe goat by insider-trading laws that is not objective but they are arbitrary to punish successful businessman a rong buy for him and a strong sell for the sec. >> he is brilliant and singlehandedly has created a whol form of a dge fund management and is really successful it doesn't matter if everyone redeems he has $10 llion he can manage it and i respect that he is not a rketer but he really sets in front of his screen all day ani love that about him. melissa: he gets 3 percent so you don't have to advertise you can count your dollars all day. >>. >> i will have to deviate. if i was am i would be happy it ok 20 million up a

9 billion from 1982 but the wake of the problems that taking place right now you cannot ignore that. lew will reinvest into? are they visionary? can they keep everybody in a good compliance situation? this hasow marks for me. melissa: ron johnson? he had fascinating past with appell and a target now j.c. penney but some sa maybe he s not given the time. is the a genius? >> he is the case study of moving out of his strengths but he leaves of a successful career in moving in j.c. penne and maybe he was overconfident and felt. melissa: you gave him a cell. >> it is a sll.

he took 111 year-old firm and practically distorted becaus he did not derstand who his stomer was. >> the firm w in shambles before ron johnson got there it is u by. >> any company would be happy to have him on their board or as the ceo despite j.c. penney. melissa: tell him he is wrong. >> he had the support his board and everything that ron johnson needed to be succsful. >> less an one yr? >> he did not get it and spent more time on the private jet. melissa: but he looked so happy in that photo. come back again. coming up next, every dream about spinning the "wheel of fortune" $41 million?

yohave to beat so many variables to even have the chance is less than 5%. then you sll have to guess what this is. we will talk to the second person in history to ever do. what ist? quick. >> no idea. at the end of t day it is about those titles. ♪ ♪ ♪

♪ melissa: it it takes skill to win any game with the stars have to be aligned to actually win the big prize and last week auden became only the second person in the show's 30 year history to win when million-dollar jackpot. it is not just about spning the wheel and solving the puzzle there are seven different criteria fall into placan order to lee and the big one including guessing what this is. in under 10 seconds. can you guess that? i will let you think about that item is next to me i

watch this 100 times it is the best piece of t television so many things have to happen you have to spin the wheel then land on the $1 million peace, then it not go bankrupt, answer this correctly, i keep going, and get to the end and spend again and the landon the spot and you d't know what it is then you pick letters and when i watch out moment they said it is a thing and almost nothing lived up and you got two of them did your heart sink? >> yes. there it goes. i thought i could get a lot of letters to be the ea solved. melissa: there was nothing. they let you pick one more letter. what was it

>> g second to last at that moment did you instantly know? then you only have 10 seconds. melissa: did you know? >> there is. look at that. can you figure out what this is? how long did it take? >> i knew the first word was tough and i've looked at the letter boa and i tried to see what letters were left and what is tough? i worked o so it st be worked out. melissa: that i amazing. even the post cannot believe the key almost dies in the open to reveal your prize and also reads $1 million. did you have a heart attack? >> was then shot. >> i am surprised i did not collapse.

look at the ip. >> thing is the category you have 10 seconds. talking out. good luck. >> ugh workout. >> what? >> we have a million-dollar winner. >> your fiancee s in the audice how did you handle that? he looks thlled. >>is mth was wide open and arms in the year charging forward. melissa: rabil you do with the many? we have a wedding set for nomber and it will help to plan backed. melissa: you will not blow which all on the one million-dollar wedding? have people come forward have people ask to? >> patti ben and other game

showbefore? e you go at this? >> i was on prices right 10 years ago. melissa: sometimes they are professionals led t the producers say? icahnmagine the people who own the sh were saying th had to han over $1 million. do they have insurance? were they shaking your hand? >> they were happy for me. the stars had to align. the show has been on and 30 years of only happen and one other time and some anything's have been. congratulations and enjoy the many. don't blow it all on one spot. watch "money" to make it

grow. up next don't let the pigeons will you they are lot smarter than you think. stay right where you are you cannot have too much money. ♪

♪ messa: it is time for fun withpare change. thank you for joining us. check out these pigeons think all they do is gavin's? maybe should watch your back. they may be smarter than you think. researchers have discoved that it does do a prey good job of taking tests by pecking on test by a pecking on the touchscreen. they're everywhere in new york no way of right that is amazing. >> i believe this sincerely because pigeons are smart enever i drive fast on the parkway and pigeon will alwaysit t target on my windshield. they are bright.

messa: visit is incredib piece sees the reward of the line moving. >> they give them food is what happens. melissa: that makes everything work. >> i'm not surprised. to survive in city most pigeons in a city, to survive in this city, especially aity york city you have to be vvy d street smart and the pigeons are good. melissa: and if we got the foet the real rats out of this or they would do prettyell. >> probably. >> if you can survive in new york city, you're smart. lissa: moving on to the best tippers, according to a new survey by trip adviser. turns out that more than two-thir of germans, 69 percent, say theylways leave money at the hotels and restaurants folwed by americans with only 57 percent saying that they always leave a tip. e worst tippers, what i was interested in, according to the survey only 36% of spanish people always tip for servi.

are you surprised that only a little more than half of americans say they are listed? >> i'm actually very surprised. americans, we are known as goo tippers. i would like to know how many people actually -- what amounted to representative. europeans d the germans are better tippers than last. melissa: that is a great point. they did not talk about quantity but if yo do or not. >> the germans are underrated very humorous people and angela merkle, they just get the bad rap you can justblame it on the french.

melissa: and interesting inntion cost nearly $10. the solution is for holding a pig in a blanket and a glass of champagne in one hand and being able to shake someone's hand in the other. this would solve that problem. you wherein under finger. that little tiny pte. insad of a fabulous ring you can wear a pig in a blanket. would you be caught dead doing this? >> the canliness freaks, this terrific. eat the pad to with one hand and brush ur teeth with the oer. terrific. the greatest thing about this is that they sell them in rsable tin ring packs. that means you get your hands on it, you g youruch on it. then you throw it in the dishwash, stays on it, throw it in t dishwasher and server to your next guest melissa: like that picture. when tha person tips the glass back to drink champagne what

happens to the food that he or she is eating? >> that is what i was thinking. great invention on its face, but what happs when you drink. thern lies the problem. i guess you have to eat the appetizer first and then bring. the fact tt you have too all that consider that. so i think if they tweaking it could work. lve the problem. any product that solves a problem is worthwhile. >> you need a lot of tweaking the. melissa: somebody gave me these two plays the girl on the ring of your wine glass and i thought it was a great invention until you take a drink of one in the third is all over the floor. they you just eat the food and then go on with what your doing. >> too many glasses of champagne, are you going to remember? melissa: all right. next up, as a minor disturbance that. a new study finds one in ten americans are shot pollex. we jokebout this. 15 percent of adults report that

their shopping habits have made them go into debt. clearly all the options for on-line shopping not helping, like amazon, which i have a problem with. >> is there. bad. >> retail therapy for reason. melissa: y have a problem when you say it like that. what do you think? >> she does have a problem. the last thing i bought was this blackberry tenure -- ten years ago. melissa: where your clothes come from? >> good will. thank you for asking. >>nd actually, i belve it's one in sin, 10%. i bet it's much higher. >> those are the people that admitted to. most people are going to admit that. melissa: thi that number is very low. amazon is not helping the problem. of, my gosh. >> ipad.

the app. i have the amazon have on my ipad. that i just the end of it. a disaster. anyway. i have problems. as all the "money" we have to you oday. >> the following is a paid advertisemen from star vista entertainment and time le. >> ♪ you're the meaning in my life ♪ ♪ you're the spiration >> ♪ that's how much i feel >> ♪ feel for you, baby >> ♪ how much i el >> ♪ well, i need ur touch >> intimate moments, cherished memories, the language of love, can be spoken in many ways. and nothing ignites your emotions like the power of love. >>♪'ll always love you ♪ for the rest of my days >> ♪ a o in a million