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tv   MONEY With Melissa Francis  FOX Business  June 11, 2013 12:00am-1:01am EDT

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but seriously. thank you very muc you will keep monitoring this. it is your freedom, you basic american cheryl: "money" th melissa francis now. melissa: here is what is "money" toght. edward snowden goes off the grid. but the fallout is just beginning. is china lking his chops? another nsa whistleblower on what it is like. plus community windowshopping like this before. suitable windows in new york city. the first plan to look how they can revolutionize the industry. and who made money today? some serious green from egg whites. in one essay it is not, it is always about "money."
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r top story tonight, the latest revelations of the nsa whistleblower. 29-year-old high school dropout edward snowden admits he -@released the details behind te phone management defines everywhere. in hong kong but now reportedly in an undisclosed location. questions are swwrling about whether he will be extradited back to the u.s. and why he chose hong kong as his first stop to begin with. senior intelligence analyst for 30 years, not usingechnology that may have prevented the september 11 tror attack. one nsa istleblower to another, does it sound authentic to you? >> hi, melissa. thank you for having me.
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at first it does. seems articulate, knowledgeable. i didn't hear anything i didn't sod like it was at least plausible. so i am looking for an emotional reason, i don't see it. he was very stable, actually. this guy believes he is doing the right thing. melissa: i watched the video and number of times. he is very concerned to seem like about his safety at this point. i wants to play part of the interview and ask you if you ink his fear is justified. >> you cannot come forward against the most powerful intelligence agencies and be completelyree from risk because ttere are such powerful advearies. if they want to get you,hey will get you in time. melissa: he goes on to talk about where he is sitting there
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is a station down the street and they will be busy for months following him. do you thi he is right to feel like he will beatched forer? >> want to say he is closer to being right than wrong. even though i have been with the nsa for 10 yes, the technologies made available to the u.s. government have increased quite a bit. anwe hear about the government running drones, we hear about things of this nature we see thers willing to target groups and there is some summation of that. it doesn't give the typical american citizen and i and easy feeling. melissa: anybody in his position could see, turnkey tyranny.
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do you think he had access? >> i don't have any reason to doubt him. he is an information technology guy, system administrator. they have access to a lot of the communicatns infrastructures serving the inteigence, and to the computers hooked up to those networks and soo forth. he sounds like he was in a position to be able to know quite a bit. melissa: i wt to bring in the official who is going to join this conversion as well. what do you think of what you have heard so far and what you think of what he is saying. >> i don't want to make light of the serious abuses he has reviewed. he has looks to me like outrageous violations of the fourth amdment prohibiting unreasonable search and seizure. on the underhanded not a sympathetic figure.
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he went to the one place maybe next to canada and great britain for ich it is extremely easy to extradite someone. melissa: has moved an undisclosed location to maybe he figured that out and he is gone. >> he may have flipped over, but it is unlikely he has made a wise choice. he has revealed someme interesti thing, i doubt he has seen quite everything he reported to have seen. melissa: h.by pattern of behavir going on and what he is doing jiving with a lot of what he has been doing. this idea of turnkey tourn.
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whhe felt it was important to bring ito the american public. i will ask you to react on the other side, let's take a listen. >> government is going to grant themselves power unilaterally to create greater control over american society and global society, but they won't be willing to take a risk necey to stand up and fight to change things, to force their representatives to actualltake a stand in their interest. melissa: he was saying the reason why he came forward to speais because he wanted the american public to understand thgovernment was going out a just cast in this huge dragnet storing all this informatio in fact we have video of it. the huge fm in utah just together information on all of us in case at some point in the future would look to be under
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suspicion and even if you are innocent he can go back in time and pull all of these records every conversation you ever have and build a case against you. he says he wants american public know this is going on and then decide for yourself is it okay? he's afraid americans won't stand up and say this isn't okay, but do you buy this is a, going on and you believe that is why he did it? >> believe that is possible. i say that for a couple of reasons. i have over 30 years, we have complained that there was corruption management o the programs back in the 2001 timeframe. it turned out our complaint was vindicated in the sense the trailblazer program launched by then director was an utter
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failure in 2005. now you say okay, somebody had a failure, what peleon't realize is that was intelligence of magnitude. melissa: do you believe that is why he came forward and said this? >> look athat happened to us. report wasssued and cored up, nothinhappened, nothing changed. melissa: what do you say? >> we want to know why. i think americans got that amount of surveillance that we have gone from that to this in the obama administration for their collecting phone records and half of america, maybe more. we ought to be dialing this back. not the same effaced on september 12. they said the war on terror is over.
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i welcome a public debate. i don't think they should conceal it from the public. let's do democracy. meliss we appreciate your thoughts. time for report, the new report shows 10% the world recoverable oil may be within u.s. shale, about 345 alien barrels of crude. nearlyne thirdf all recoverable natural gas may be contained in thoseields. th generator at the nuclear plant is malfunctioning. according to iran's ambassador to russia. technicians are reportedly working to resolve the issue. e plant began operations nearly two years ago. 95.77 per barrel.
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coming up next on "money. have you seen the new look for the phone app icon? the guy who wrote inside apple to tell us of the company has bitten off more thait can chew. anit booze o over food stamps. do you think people who get them should be force to eat healthy? a new propal taking goverent handouts on its head. coming up.
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melissa: nerd fest 2013 has officially begun. fun fact, at least 6000 tickets sold out in 71 seconds. how is that even possible? some slick new products. it is a cool new minimalist design for the mobile operating system but apple hasn't been so t as ofte. a man who knows as much about apple as tim cook himself, adam shooadamjasinski.
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what did you love? >> let's set t record straight, do not know more about apple then tim cook himself, i would never say that. melissa: they said almost as much and i gave you even more props than that. >> thank you. rtainly nothing more than that man. i also thought how can you sell out in a little over ainute. you must have automatic credit rds, he had to opt out from that. i would say while i was impressed with the things they showed us today, wasn't overwhelmed, i wn't alone away. it met my fairly minimal expectations. mangels and help those who write programs for apple products to learn from the company what they
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had to know. they did nothing that made u run out of the name and run t telephone and say stop the presses. melissa: when was last time you went this revolutionary? >> in 2010 when introduced the ipad. pele giggled about it and said what is this thing? melissa: we giggled about the name. it did not sound so good. this is becoming a major multibillion dollars success story for apple, but thawas in fact the last time. melissa: what did you see that you did like? >> it is what the press has been calling this unannounced product. apple announced it in their calling it itunes radio.
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they really didot eve anunce it with great fanfare, they just sort of announced it. the most interesting to me did was a comple resign of ios, mobile operating software. it has new ico, apple takes the icons very serusly. steve jobs put a lot of time at the icon and f them to redesign most of them to a completely new look, it is their way to say we will look different in the future. melissa: so you like that? >> sure. from a biness perspective, so what. it doesn't matter i liked itr don't like it, it is making things prettier. melissa: was there any outside apps or outside products that seemed interesting to you? >> there were not.
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the only demo the outsiders did the other demos for all internal demonstrations of ways they had enhanced their products. for example, theyyreleased the latest version of the main software. they didn't bring a recording artist in, they didn't bring in something mind blowing, they showed one that didn't have a clichy starts to it. melissa: what do you get today's presentation? >speaker to get a gentleman's b+ because apple is very good. anything apple does is good. if you grade it against apple, b+, a.
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i spent a long time following this. meeissa: appreciate it, was fun. coming up on "money," should everybody be getting a hand out to eat hlthy? the controversial idea that says if you are on food stas you betterut out theunk food. can you evee have too much money?
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melissa: whether it is on wall street or main street, here's who made money today. anybody who owns mcdonald's. the egg white mcmuffin, which is fabulous, and the premium rep.
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sending the stock climbing 1%. also making money, investors and facebook finally getting a huge upgrade: facebookok on the most compelling investments in the internet sector. somebody bought it. losing money today, billy joe the piano man according to tmz bought it for 13.57 million years ago, but after all those real estate commissions is actually going to lose money on the deal. the fashion billionaire boss the waterfront palace. food fight, yes, another one over the food stamp or stamp program. our government seems to love so much. how the number of people getting them is higher than ever before. what do you think about this,
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for bidding food stamps to be used on junk food forcing recipients to eat healthy? they he proposed this plan, needless to say democrats are up in arms of how it further stigtizes the poor. in chicago with more. >> do you el like you have enough government intrusion? do you want government in the kitchen cupboard making restrictions which mark one lawmaker in particular things the rules are different when it is ta dollars puttin than the fn that cupboard. >> she buys food for her kid and pays for gceries with her food stamp cards. >> know a lot of people who use the cards just for junk. >> trying to change that, his bill would mandate two-thirds of e groceries bought with government assistance be food items like vegetables, eggs and milk, only one third could buy
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treats, soda and chips. >> obesity's, junile diabetes, those things that cur because they want to eat healthy go back to government assistance. report my visit is the bill that would invite big government into the kitchen cupboard and targets the poor. and government would get a new burden of defining what constitutes healthy food. >> we e tryi to reduce the role of government so it seems contrary to what we're trying to do. >> however they think it is fair. >> he ki of have to go by the guidelines. not only food assistance beneficiaries for who we have spoken are as agreeable. a lot of people think thisis is government kickingoor people whenhey are down. melissa: it is a federal prin
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so they have the right to make the rules like this? speaother states have tried to change the federal program and failed. what he really wts is a waiver from theefederal government so scouts and can go ahead with its own implementation of restriction he believes wisconsin can blaze the trail for the rest of thnation. melissa: my other thought was it is a lot cheaper to buy junk food t than it is to buy fresh fruit and fresh vegetables, your dollar goes a lot farther. right? >> you ca make pasta and red sauce last a long time. when you're counting dollars and cents, this camaking thanks a lot more difficult for poor people as well. there's lot that goes into the opposition. melilissa: where do you put that
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line. >> you have to put a whole new bureau of government. melissa: you killed me with that. that's not do it, forget it. thank you so mu. next on money, project so ambitious it would me new line musk blush. two companies set their sites. it is not as insane as it sounds and the payoff could be worth tens of billions of dollars. you have got to hear this one plus when celebrities promote products like social media is it ever genuine or are they always getting paid to do it? maybe surprised by the answer. now the fed are looking to crack down. "follow the money" up next.
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melissa: matter what time it is, money is always the move. shares of lululemon getting pummeled after hours. she stepping down from the company, she spent five and half years at the helm stepping down once her successor is named and also says she e does not plan to stay on the company's board of directors. interesting. the stocks getting killed. two u.s. companies are looking for an unusual source for precious metals.
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asteroids. in deep space industries are working on a spacecraft that would lasso small asteroids and drag them in the earth's orbit to extractaluable minerals. hard to believe but in seattle with more. i love this story. >> you sound incredulous. you are not buying this? melissa: make mm a believer. an average size asteroid could be worth a cool $30 billion at today's prices. e of the companies is planetary resources in bellevue washington. they bui this tiny spacecraft 2 feet tall designed to land on an asteroid to take pictures of measurement. the goal is to identify the most suitable astoids for mining. among investors, and microsoft to maker, james cameron, larry page and ross perot junior.
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but there are many more believers the privatization of space. also started a company giving really rich people rise in space. even with all the private money the government will still have a role to play. >> it is important we have a partnership with the government in these endeavors. @his really is an investment in the future of united states and all of humanity. >> the ultimate goal is to use the water and minerals in asteroids to ffel future space expiration and one day colozation. think of it as living off th land. but there are real questions of who can stake claim to the land. >> the country they come from is responsible for what they do. some people say that means you caanot go out there and own anything. >> for nowhe big-money
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dreamers are plowing ahead hoping to make sious money in about a decade. melissa: don't get me wrong, it swallows up the asteroid. it is fabulous, but w close is this to actually happening? >> it could be up in the heavens and about two years, 2015. the goal will be to figure out how to get that thing called back into the earth's atmosphere and then they say by 2012, 2022, 2023 they might start sucking off a valuable stuff off with a huge magnet and processing it into fuel 10 years from w. melissa: i can see the magnet pulling on it. i don't mean to make fun. i wish i was an original investor. good stuff the end it t could ba
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gn of our celebrity soaked tis. many like ashton kutcher, kim kardashi regularly send tweets to millions of followers about the things they like. is ireal or is it pay for play? guidelines against deceptive ads, but could be looking at the end the practice. great to have you on the show. the regular people n understand when you see kim kardashian saying it mushy is being paid tdo this. >> normally i mock anything kim kardashian is in, but the american public is not that stupid, they know that she is getting money for this. it is technically illegal. she has to put something in there.
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assuming she knows how to spell again with. an audience that doesn't really care. they want to see what kim says. the brand is know this. are people saying she is using this, have to go out and buy it? there are enough who wants to be associated with it. melissa: they tried to get in contact with her, not the pr people. the hill on which so many brands die. marketing research that says lebron, people can tell you are not connecting with the person. >> she has 140 million followers. you would gladly pay her because they were working well you would get $8 million in sales. what is happening is she is
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tweeting it, it gting exposure maybe five, 600 people are retreatin retweing her. companies are not relying on companies to move the needle in termof millions of dollars. melissa: some estimate she may get $20 million. do you think it is true? >> it is totally true. i have 150,000 followers and i have upwards of five grand. i have not done it because my audience is a privilege, not a right so i will not spam them with garbage. but there is a mket for the numbers. a loof the brand market out there are blinded by the numbers.
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they paid how much and got what? melissa: plus it is hard to quantify. other things you see like miley cyrus did this one. this is something to me it seems clear that she got paid to do this or got a discount. the company said she got consideration. >> samsung gave me a phone in the first thing i said was thank you so much for theift and i said i really like this. i wrote about why i like it but if i hadn't liked it, i would have been honest about that. the brand is taking a gamble. meliss interesting. some of them try to find lebrities were honest about something they actuaaly like. using healthy models of many
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sizes. a great example for mankind and women. we think she was not compensated for this. ere are lots of women out there who are not sample size women who he a lot of respect for her own and her fluctuating size. >> she has a whole back line products with nutraceuticals and things like that. do not have any promotional tie-in, it is impressive. melissa: the bottom line, what works? >> what works is transparency and honesty. if the celebrity likes it there is nothing wrong to say samsung, motorola, thank you so much for the gift, love it. take a picture of it. they're hoping whatever the product is how it will be shown in a photo and on a facebook post. melissa: i would say they got
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paid for that. >> you go to the acadedemy awar. they get to walk through a gift lounge andick upwards of 50, $60,000 worth of stuff for free on the hopes these brands will be mentioned or on the red carpet. i would be willing to think the majority of celebrities writing about products are doing it for the consideeation or just the product itself as opposed to the money. kim kardashian for some reason she is probably getting paid. when i say consideration, getting the product in exchange. the majority are not getting cold hard cash. melissa: thank you. interesting stuff. ebay redefines windowshopping. they could be a break for the retail industry. up close and personal look at how it works. at the end of the day it is all
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about money and shopping, let's about money and shopping, let's be honest. at dry cleaner, about money and shopping, let's be honest. we replaced people wi a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally.
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melissa: we all know convenience is key when it comes to shopping but if you thought shoing on the go was easy enough online or even on your mobile phone, you' in for a treat. if we launch a brand-new type of shopping and you've never seen anything like this. teamed up with a new line saturday and together they are taking manhattan by storm. even a physical store. check it out. melissa: i immediately want to -@go over and jump into it. tell me about it, how does it work? >> you see this beautiful storefront, and you see this screen. touch it. melissa: i c't resist, immediately want to start shopping. >> please, shop. slice your size. added to your bag, check out, what i does is it will put the
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entire card into your mobile phone. schedule one hour delivery on your mobile phone and pay when you get it. i can go in and have it right now, why would i do this? >> it is about the choice. you walk into yoga class, i love to have that. i want this now, the moment i am done, it is there and forou. melissa: is it about that or so much, vision in new york this is a way to get people over to your store? >> we are interested in redefining what it means to window shop. melissa: how much she had to sell to make this pay for itself? >> where thinking of this as a test, and amazing biboard, we're thinking about it as a way to try out new ideas.
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it is reallyabout the engagement. >> open the first presence e united states. the first store is entire island of manhattan. you have bile, warehouse logistics, mobile payments all undea single umbrella. this is the valu proposition to retailers. melissa: what makes you different from amazon? most important point iwe don't ever compete with retailers. we're helping them adjust and evolve. however they want. melia: i can tell u i see it, i wanted,,have to have it. you like it? it is very innovative and cool. up next, plenty of ady things
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with bit coin. this is not one of them. detailed and how it has become the world's first bit coinaby on "spare change."
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ttanks to both of you. all right, first up, check this out, video obtained by "the new york post," of course, of a security worker asleep on the job. >> beeping the horn. the airplane taking off. hey, you. i've got you on camera, man. melissa: alllrig, former manager for jfk ys he regularly caught about six security guards sleeping on the job in 18 hour shift. i'm glad i did not see it before
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hand. >> wasn't jfk the target of terror plots in the past bencnchmar? contacted by the port authority of new york. remember, we had to federal as airport securityn order -- it was too important for the private sector to get involved. this shows you, when the public sectors involved with hiring ese people, this is what happens. >> what i want to know -- >> i was going to say, with regard to the union thing, you know was fired, the whistle blower was fired. these guys weren't fired. it was the whistle blower. >> what i want to know is how our pay raises and bonuses, how they given pay raises and bonuses are any kindf step increases or any salary increase? melissa: your wholentire shift in the get a bonus. that could be the way it works.
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i like the way he wakes up. >> finally. melissa: all right. we told you all about bit point, the virtual currency it basically cannot be tracked wn so you hear this one. welcoming its very first bitcoin baby. a baby you was just born through fertility treatments paid fully in bitcoin. the doctor is one of the few and far between who accept bitcoin as payment at his practice and was so thrilled that he found a couple willing to pay debt he gave them 50 percent of. so man things i don't lik about this story. i hate to say it, maybe this position. although the baby is fabulous. >> next for going to yea about katie payne for funerals. fr birth to death. the point is it is a currency. you may not like it and it may be under regulated. it may eventually be deemed illel.
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for now if it can be used for things like this you have to accept it is a currency. again, in whom do we trust? just in the federal reserve to print the right number of dollars or doe trust and private-sector alternatives? its a close bet. >> highlight of this guy has a sign of hisoor. he accepts visa, mastercard, and now bitcoin. melissa: a big sign on the front of his office? >> i know i believe this story. melissa: and also, the 50% discount is pretty funny. i guess it's very expensive. giving him 50 peent disunts. th is the pricet? the bitcoin value goes up and down. depending on what day the baby was born it could've been a totally different price. >> the price of gold goes up and down. i caught like fokker 90 chemical is a currey. so there are alternatives.
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my six gold coins which event for the past ten years. the full disclosure. that's illegal by have. melissa: now on to the "money" upda. basketball superstar kobe bryant has reached an agrment over than trying auction off his sports memorabilia. trying to sell almost half a million dollars of visible warnings, allegedly without his consent. they were headed to c court, but would was all settled with a simple apology foris parents. as a resort -- result 90 percent of what has been auctioned off as the ball off the table. >> to a physical uniforms, two rings, championship rings for the l.a. lakers. apparently reports indicate that the parents needed the money to buy a house in las vegas. thaa is why they' doing it.@ that a foreigner and $50,000 advance. it's sad. now the parents are apologizing as well teeseven used to work wr
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teresa. what would she have said? when physical things. we love "money." this show is called "money." sometimes you should not put things and money at a family. melissa: what would mother teresa say? >> de today a little miracles. that is out. her charity work. melissa: all right. on that note, this was a train worker who was angry that mail train conductors and drive cannot wear shorts to work. evidently, their female counterparts are aowed to. now the guys are, to. what do you think? >> if i was out? ride from the get go. you well know it is my last day not only at fox business or fox news, but also in television when i come with a killed.
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someday i'll walk in with one. when you see me if you kno i do have one. my wife bought me one. melissa: i challengeou aware. >> the last time someone television. melissa: there you go. next summer going to see it. >> they gave me the shot. i think it's only fair. >> you know, you can't stop us from weang skirts because it is discriminatory. at think it's pretty funny. melissa: it's absolutely discriminatory. real quick, the battle for most colorectal that sandwiches coming to a head. and on its recently released its bacon egg and cheese on a glazed dougut sandwich. well, new creation, crispy cream sloppy joes. >> wait ainute. melissa: that's dissting. >> where is the bacon andanas? >> i'm going to vomit. real quick. >> i think mayor blumberg, if anything, this will be it.
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melissa: you will come in and out of tm. you guys are fantaic. that's all the "money" weave today. next time he's wearing the thelowing is a paid advertisement for starvistentertainment and time life's music collection. ♪ chances are 'cause i wear a silly grin ♪ there are artists we'll always remember... ♪ mo lisa, mona lisa ♪ men have nad you there are beautiful songs, words and memories that ll always touch our arts... ♪ it's impossible ♪ to tell the sun to leave the sky ♪ ♪ it's just impossible this is the music of your life. ♪ she wore blue velvet

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