girl, there are so many shows on "showtime," weed, done unbelievably well, from a channel eight years ago that doesn't have anything going for it. david: diary after call girl. i missed that. "money" with melissa francis is next. melissa: i'm melissa francis here is what is money tonight. meredith whitney breaks out the crystal ball and states that make a surprise comeback. she joins us with a new forecast you will only get right here. plus an ominous warn ing from whistle-blower edward snowden sneaking by everyone. the nsa may have bigger problems than china to worry about. former congressman ron paul joins us with reaction. "who made money today"? they're probably enjoying more than a few pena coladas. that is your clue. find out who. even when they say it's not it is always about money.

melissa: tonight we'll start with a very special guest. wall street's most famous oracles. she predicted a subprime crisis. she is back with a new book, state of the states, rewriting the geography of the u.s. we'll talk about all of that. it is a fantastic book..3 why she says that the central corridor of the country is poised to become the new economic backbone of america. on a day when the markets fell triple digits we have to start with some of the biggest issues facing the economy today. thanks for being here. >> glad to be here. melissa: we're so glad you brought your crystal ball in your brain. there have been a couple big questions on the minds of markets lately. one of them is housing. we had a terrific show on the network talking about the housing market because it seems to be exploding again. @n loft areas we're seeing housing prices really climb back. my question for you, since you

saw the first one coming and everything that came with it, do you think that we are on the precipice of another housing bubble, yes or no? >> no. you have homeownership rates, the homeownership rate around 65%. it has to go below 64% to normalize. it got close to 70% in 2006. @hat was the peak. that is what was really driving home prices. what is going on you're bouncing off the bottom and double digits off the bottom. take mean necessary, arizona for example. the market sup 20% but 45% off the peak. you're dealing with very big bounces off very low bottoms. there are exceptions to the market. there are exceptions in miami and new york where you have a lot of foreign buyers. they're predominantly cash buyers. it is like the art world. there is know your customer law. you could argue it is a great place to park cash. melissa: what do you think in those cities in particular? do you think it keeps going? when you talk about new york and miami you see a lost

appreciation you have outside buyers. is that good or bad for peopll in the cities? >> it is great for the high-end. a group of investors came together and bought a $90 million apartment in new york. you see, very, very high-end doing well like the high-end art market, wine market, et cetera. you see average homes not doing so well. in certain areas they are. they're doing better than they were but again, it is still off very low levels. you still have a pretty sizable amount of negative equity where people owe more on the mortgage than their home is worth. melissa: what would you say to the average person out there who is trying to figure out where they are in the market, if they should buy or sell right now? do you think it's a buyer or seller's market? >> it all depends. most people make the choice of buying a home not as a basis of investment. melissa: necessity. >> they want to live there. often times because the u.s. economy is only one with a 30-year mortgage, people argue it is more affordable to buy. people would argue for a long time it has been more affordable to buy than rent.

that is a false indicator. everyone goes back to and saying incorrectly we reach ad bottom in the housing market because the rent, it is more expensive to rent. that clearly hasn't been something to go by and be right about. you know, everybody feels good that house something off the bottom. i just don't know how far off the bottom it can get. melissa: okay. move on to the next topic on the top of mind and that is really unemployment because that has a huge impact on the housing market. if people don't have a job they can't be in their house any longer. it will also have a huge impact what the fed does. that magic 6.5% in unemployment, do you think we hit that in 2013, sorry, 2014 or 2015 or beyond that if you had to try to pick a time frame? >> well look, the participation rate steadily declining, right? you have fewer people actually looking for a job. melissa: that helps. >> so it's possible we get down there. i would say have to be 2014 number. melissa: really? >> yeah.

i think so. but, the problem is, it's not a question of, people need jobs to get the housing market going. there is a high structural unemployment in the exact areas where housing collapsed. if you think where the high structural unemployment is it is california, arizona, nevada, florida. so these industries really need to diversify, right? so it is arguable a lot of construction jobs were manufactured, papered over the loss of manufacturing jobs. melissa: right. >> until we retrain workers it's hard for them to get new jobs. melissa: is that really what it's going to take? can the housing market make a comeback and bring those people back into the economy or do you think we truly have to have a big shift where those people find totally different careers going forward? that is the big question in some states. >> you do such great coverage on the banks. you know the banks biggest profit center last decade, 20 years has been housing, right? the banks are not underwriting

mortgages on a relative basis, they're higher but the whole industry has shrunk. over what is it, close to 7 doll trillion has been taken out of the mortgage market. -- 7 trillion i don't know dollars. hard to believe you will have another housing boom in tall # california. melissa: they will have to find a different industry. >> they will retrain to find a different industry. every 50, 60 years that's what happens. a lot great jobs out there. melissa: you think we get back to 6.5% in 2014? that is when ben bernanke says when he says that? he will probably be gone by then. of course the fed said that is the indicator they're looking towards to decide when they really pull back on qe. >> let me correct. i don't think we'll see it before 2014. melissa: there or beyond. >> what you see now is, you see high structural unemployment in some areas and unemployment levels literally half that in other areas. so, north dakota which is talked

about so often, there are not enough employees to fill jobs there. melissa: right. >> it's a question of the u.s. economy rebalancing, it does, every 50, 60 years. think about what happened with the manufacturing economy to the housing economy, before that, you know, you know, and now i think we're getting back to the manufacturing economy. melissa: i don't want to end the segment without getting one of the most important questions really worrying markets right now and you would know this well. do you think ben bernanke can get out or whoever is in the fed seat at that point can they stop quantity quantity without roiling the market? >> it will be really tough. so much of profits of wall street and all the financial markets have been asset inflation, right? so in 2009, late 2008, early 2009 the fed purchase program really reflated all of the, enabled banks to write up everything they had written down. melissa: will people run for the exits when they see the fed move? or is there some way the fed can

stablize things to stop that from happening? what is your expert opinion? >> i think it is isolated to the financial companies. manufacturers will not be upset and certainly retirees not be upset by rates going up. melissa: will the whole stock market go down? >> the market will go down, right? i think financials will be much more hit than any other sector because, you know, you think of alternative asset gatherers or asset management industry because the principle on those bond will be worth less. that is a big risk i think. melissa: i'm sure you read what dime dime said from china, when we go back to the interest rate environment, i'm paraphrasing it will be volatile and scary. it is right thing to do to get back to a place where it is it i will will be volatile and somewhat scary. do you think about that? >> jpmorgan is interesting because they have a very loan low loan to deposit ratio. they bottle a lot of bond.

what happens to the portfolio when the interest rates go up and bond are worth less? jpmorgan is not unique. banks across the country reacted to low loan demand put a bunch of securities on their books. the sensitivity to rates i think will be what is most volatile. melissa: that's why they're worried about but do you think in general the whole market? people are worried about these violent moves in interest rates, do you think that will happen? >> oh in terms of violent moves, it is hard to imagine that there is a replacement buyer to the fed, right? they really crowded everybody else out. melissa: right. >> so i think the next bid is a lot lower, yeah. melissa: interesting. meredith, we didn't get to talk about your book yet. we'll do it on the other side. that is fantastic analysis we're talk about so much. stay right where you are. the state of the states is coming up next..3 despite all the fiscal problems you heard about on "money," meredith said some of them are ready to make unexpected comebacks. she will reveal most surprising

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melissa: we're back with meredith whitney. here new book, "state of the states," making waves with predictions of our geographic shifts with nation's economy. here is the thesis. tale of two america es is emerging. one weighed down by debt and facing diminimus economic growth and another brimming with opportunity and nimble to invest in the future. meredith, which states are on the brink of falling into collapse? i mean that's dramatic. >> some are going to surprise you. california is clearly struggling, illinois, new jersey, are areas that are really again, really, really struggling. nevada, arizona, i think, florida has successfully or is on the road to really turning a corner on the positive side but one that was clearly impacted by housing. melissa: it is a two-pronged problem. it is being dee dee dependent on income from real estate and also about spending into what happens, just like every american, just like every

financial company thought housing would never go down because it hadn't since the great depression, so did elected officials this is great. think of areas that had the biggest benefits from the housing boom, california, arizona, nevada, florida. well they spent and hired people and pave, you know, really, you know, incredible incentives in terms of pensions and benefits, long-term pensions and benefits to their employees that really are just crowding out monies for other critical expenses like education. melissa: yeah. >> like retraining for jobs. melissa: meanwhile the other states sitting in the catbird seat at this point, we know about texas and north dakota especially. north dakota taking advantage of its natural resources right now. they can't even fill all the jobs they have. i was surprised by some states making economic comebacks, indiana, tennessee, louisiana. what are they doing right? >> indiana is one of my favorite states, former governor mitch daniels did so many things right. one thing he did a public/private partnership

you're familiar with, indiana toll role raised $4 billion. insisted that go down debt and build infrastructure to create jobs. melissa: what an idea. >> there is critical resistance to selling assets or releasing assets. if you or i are in trouble we have a barrage sale, right? we do what we could, not necessarily what we should. melissa: you don't get another credit card and. you sell something to pay down your debt. >> exactly right. he made terrific structural changes. indiana has the growth to show for it. attracted jobs. famously admit it i'm fiscally attractive, indiana. that was their advertisement. louisiana, horribly hit by hurricane katrina kat as they were they have the huge benefit of proximity to lots of cheap gas and oil. oil and gas. so their economy has grown 16% over the last four years. compared to 10% on the u.s.

national average. melissa: yeah. >> tennessee, think about all the auto manufacturers migrating to tennessee. each state is basically in hand on hand, you know, combat with next state to attract jobs, to attract businesses an to create jobs. what they understand, business and job creation is critical to their survival. they have to make really smart decisions not only being attractive to businesses but being conservative really careful with their money so they can reinvest in education, they can have state of the art infrastructure, what businesses really want. melissa: as we're talk about states, you're so famous for the bet thaw made on subprime without question. you were like the harbinger of death for so long. everybody time you came out talked about a company, bank, financial and talk about what they faced ahead on their balance street, you were right. later on you talked about municipal bond and, said that there's a looming municipal debt crisis that has tentacles as wide as anything i've seen. it is certainly the largest threat to the u.s. economy that

was on six at this minutes. >> it has been absolutely right. think about the threat to the economy. because the private second -- sector can't create enough jobs, the real sucking sound is the public sector cutting cost, eliminate jobs and that is 15% of the workforce. so you think about 12% of the total u.s. gdp comes from state and local government spending, absolutely it is critical to knot only, getting the economy back on the road to recovery but in everything i look at. melissa: true, people were -@critical of this prediction bankruptcies or defaults in those areas around that also maybe it wasn't the same caliber as the subprime crisis because there wasn't the same domino effect. go ahead. >> it is interesting that people wanted to make that call exactly like the citi call. it is completely different. you're comparing apples to oranges. what clearly happened as been right on the front cover of every newspaper municipalities are struggling. that is why i was saying the

tentacles are wide because it3 affects taxpayers, retirees. it affects bondholders and investors. it affects job creation. this is to me the single most immortant place for me to be and i think investors to be because it really tells you something powerful about where money flows are going. in terms of, you know, that the bond call, this is about so, so many bigger things than, you know, a 4 trillion-dollar bond market. it is as i said, children and education and retirees and taxpayers and crime and all the things we as taxpayers think we'll be protected from. also about why i got interested in this is, during the depths of the credit crisis i wanted to see whether the u.s. was going on the positive side. it is clearly in direction of central corridor. melissa: absolutely. state of the states. thank you so much. congratulations on the book an thanks for coming on. >> thanks so much for having me. melissa: next on "money," chaos

sweeping the streets of istanbul just miles from one of the world's biggest choke points for energy and commerce. how shockwaves from the turmoil in turkey could make its way to our shores. stay right there. pyles of money coming right up. vo: traveling you defitely end up meeting lot more people but

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what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. melissa: a frightening situation escalating in istanbul, turkey right now. demonstrators are being forced out of the city's main square and protesters are violently clashing with police as officers fire tear gas and be rubber bullets and water cannons. joining me live on the phone, one the protesters in the heart of istanbul. thanks for coming to the phone. tell me what is the scene like in front of you right there? describe it to us. >> greetings, melissa. right now i'm actually on one of the calmer streets of istanbul where people are protesting with their horns, walking around

waving their flags. so it is kind of calm on this side of the city but on the central side in the square we're watching the news constantly, especially the american media because you probably have heard that our media is not really reflecting what is going on eventually. so, and, the social media has been, like, a really scary source for news because it has been exposing the truth of what is going on inside the rebellion. melissa: so it has been exposing the truth. you describe yourself as a protester. what is it that you're upset about specifically? >> well, it was justicer about the park. and after the police have entered the park and attacked the protesters with brute force it has become more of an issue what has been building up over the years. basically the prime minister deciding on behalf of everyone what should be done and not be done and since they're the main party in power, without asking

anyone around they can make decisions and the vote of confidence is enough to pass these legal eschews. so people like me are now on the streets to have the prime minister back down from our lives and give us the freedom that we always deserved because basically you know that democracy comes with the right to protest against things that the government government might be doing wrong. melissa: it does. at the same time people on the other side have been saying prime minister erdoan was democratically elected and reelected numerous times. that he is your leader right now but trying to take him out of office through protest is not following democracy either. how do you respond to them? >> well, it is basically easy. what happens when you became like the main force by having 50% of the votes you can not ignore the rest of the 50%. so you have to also, you know,

listen to their demand because, as i said, that's what democracy is about. and when we make demand it is not about, like, you know, just change this or do that. it is basically, just asking us to, asking them to give us the freedom that you know, we mainly deserve and not this going through our lives and saying you can not do this and can not do that. melissa: why has it come to this point of violence? why not wait until the next election? >> well, it's mainly because police have shown an aggressive behavior instead of people at the park protest. i have been there from the first day. what began with like 300 people increasingly became, what, like 10,000, one hundred thousands of people over time because, the police havv just shown shown no

concern on the protesters. it was sitting down in the park. camping, telling that you can not do this because we want our green place. and you can not just say, okay we're just going to build something up from the scratch just because it was there in like, one hundred years ago. melissa: well the world is watching and we're all rooting for a peaceful resolution. thank you so much for coming to the phone to talk to us. >> thank you. >> so it is a very serious situation as you can see. it looks far away but has very real implications for our security and our economy here in the u.s. joining me with reaction is chris harmon, senior naval analyst at the institute for the study of war. chris, first of all, give me reaction to the pictures we were just showing and to the protester we just talked to. >> my sympathies to the protesters. they're exercising rights to free speech and being handled or reacted to by the government in a most brutal fashion. erdogan is making situation much worse than it needed to be.

he all had to let the protesters let off a little steam and exercise their rights to free speech and most of this would be blown over. instead he acted with a heavy hand and brought in the military and police and used tear gas and water cannons. what was a smaller demonstration has grown into a bigger demonstration primarily against his heavy-handed tactics this is very good example how not to respond to a peaceful demonstration. melissa: regardless who is right and who is wrong here because we'll have a lot of time to debate that no doubt, there is a lot at stake. bottoms porous which has more oil passing through it than the suez canal. this is the sixth largest tourist destination in the world. turkey is nate know -- nato ally. people say they have the second strongest forces within the alliance. there is lot at stake here. am i right? ticker can i is has a strong ally and capable military and

important economically and ultimately militarily. this is bridge between the middle east and the west. turkey is on the periphery on europe. never fully allowed into the e.u. and full very vested member difficult to overstate how important turkey is economically and strategically to the united states. so we need to keep our eyes on this situation. melissa: so this picture that we're watching right here and events unfolding is this dramatic enough to unglue that peace you were talk about? >> i don't think it is dramatic enough to unglue that peace because turkey had over its history a fairly distinct secular strain. they're nonsectarian. they don't respond well to the heavy hand of authoritarianism. since the turkish republic was found 90 years ago turkey had been a very open society by middle easten standards. relatively freedom, relatively high amounts of freedom of the speech and freedom of the press. turkish society will with stand

this in the short term as long as erdogan doesn't overreact and take a bad situation and make it worse. melissa: seems that is exactly what he is doing though. isn't that the fear he is overreacting f they're bent towards democracy, that is the opposite of the direction he seems to be taking it in? >> absolutely. what is happening is, erdogan is in fact overreacting. he is taking a bad situation, making it worse. he has wiggle room to back off from the heavy-handed roache. engage in the protesters. they do live in democracy have freedom of speech and freedom of assembly and pulse off the police and the military i think this situation will die out. this is important to remember. these are not terrorists. they are peaceful protesters. mayhem or conduct domestic disputes here in the city. they weren't breaking anything. they weren't vandalizing. they were exercising their right to peaceful assembly. he ratcheted back up. he need to ratchet chit back

down. also important to keep in mind, turkey is in under a tremendous at of pressure with half of a million refugees from syria, at least half in turkey at this time. melissa: thank you, chris, ffr coming on. >> pleasure to be with you. melissa: next on "money," the latest on the nsa whistle-blower who many are calling a traitor to our country. russia looks to grant asylum to edward snowden. a revealing line from snowden's last interview may sprain why. forget china, could he sell sa secrets to russia? we'll get reaction from former congressman ron paul. "piles of money" coming up.

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giving away a whole pile of money today, oprah. she is donating $12 million to the african-american museum in washington, d.c. the cost to build the museum is estimated to be half a billion dollars. it is scheduled to be completeed in 2015. the latest developments on one the biggest intelligence leaks is still unfolding. whereabouts of the nsa whistle-blower edward snowden still unknown. we know he checked out of his hotel in in hong kong yesterday. as the manhunt continues is there another threat on the horizon? >> absolutely. anybody in the positions of access with the technical capabilities that i had could, you know, suck out secrets, pass them on the open market to russia. they always have an open door as we do. >> if i had just wanted to harm the u.s., you know, that, you could shut down the surveillance system in an afternoon. but that is not my up tension.

liz: hmmm. snowden had access to some of the country's deepest secrets at the nsa. latest reports are russia may offer asylum to the 29-year-old high school dropout. if granted is the u.s. in danger of more secrets being revealed? joining me on the phone former congressman, great to have you back on the show. >> thank you. melissa: where do you think he is right now? are you worried about that? >> i have no idea. yeah, i'm worried about somebody in our government might kill him with a cruise missile or a drone missile. i mean we live in a bad time where american citizens don't even have rights and that they can be killed. but the gentleman is trying to tell the truth about what's going on. he is not defecting. there is no signs of that happening. it's a shame we're in an age where people who tell the truth what the government is doing gets into trouble. we have a cia agent in prison today because he told us that

there were, there was torture going on in guantanamo. so this, this is not good that the american people are spied on and -- melissa: it is definitely -- >> secrets are kept, government a secret. that is not the way it is supposed to be. liz: you heard what we played at the very beginning where we talked about the fact that it wwuld be easy for him to sell secrets tt russia and that is major concern today as well. >> yeah. but he also heard, that wasn't his intent. melissa: he could say anything. you feel confident that he is not going to do that? >> absolutely. i mean, that's what, that would be my assessment, yes. i do not thhnk that, he would, he wouldn't be doing it this way. he wouldn't make himself so vulnerable. no, i don't think for a minute that he is a traitor. what about, everybody is worried about him and what they're going to do and how they will convict him of treason and how they're going to kill him but what about the people who destroy our constitution? what kind of penalty are those individual who take the second

or the fourth amendment and destroy it? what do we think about people who assassinate american citizens without trials and assume that's the law of the land? that is where our problem is. our problem isn't with people who try and tell us the truth about what's happening. i mean daniel ellsberg did it and, daniel ellsberg, daniel ellsberg. daniel ellsberg. melissa: you're asking, how people feel about this, cording to "the washington post" poll, 56% of the americans find the nsa program acceptable. one of the greatest fears snowden said in the same interview he would go through all this and the american public wasn't going to care about the fact. that the government is pie spying on them. >> pretty good statistics the american people are sick and tired of this overreach. yes the propaganda is out there if you're not for nsa spying on people, then you're un-american, you're unpatriotic, you hate america that is all the propraganda. what if you're a strict

constitutionalist and civil libertarian you have different opinion. what is a the so horrible about obeying the constitution? melissa: do you think majority of americans are disturbed what they found out and will they react and do something about it? >> i think the majooity are disturbed that the government knows everything about them. they keep all the records and they're also, why can't this be connected to the irs? think of this overreach whether it is the irs or reporters, ap reporters or now this evidence that they spy on every single american to make us safe? people are starting to realize this. i mean -- melissa: you're son called for a class-action lawsuit against the federal government over this scandal. do you support that? is that a good idea? >> anything like that to call attention to it. i've not been overly confident about the court system. i emphasize the fact that the most important thing that the american people wake up and understand what liberty is all about, what the constitution is about. if they don't understand that, nothing will change it because

the government is a reflection of education, whether it is the courts, whether it is the presidency, the executive branch or the congressional branch, they reflect the cliches and teachings they have had for one hundred years and unfortunately it has under mined our system of liberty and the constitution as i was told once when i said we should never go to war without a declaration. that part of the constitution is anachronism. that is what we're facing. to knee it is educating the american people getting confidence back in their mind and hearts that freedom can work and government can't take care of us and we should not pretend the government gives us perfect safety and perfect security at sacrifice of our liberty. that is a foolish trend. i think episode like this do a lot to wake up a lot of people. melissa: i hope you're right, congressman. i hope you're right. thanks so much for coming on. we appreciate your time. thank you. coming up on "money," that waistline grows and georging on

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melissa: we have been so serious all show. now we get to do one of my favorite topics which is cheeseburgers! california based burger business, fat burger is expanding locations worldwide. they just sign ad deal to sell frozen patties at more than 3,000 wal-mart stores. they opened their first new york location and one in egypt. they debuted a spot in pakistan. if that is not enough, they're looking to enter india in a 25 unit deal. seems like ttere is no busting this burger biz. is the company choosing to expand overseas rather than hire in the u.s.? that is what i was wondering. with me is the ceo. welcome back to the show. i'm so glad you brought me french fries. >> and milk shakes. melissa: on a serious note, we're watching video out of turkey. you and i were talking on the commercial break, as i choose my fry, you were planning to open a location exactly where the protests were. what were you thinking? >> right on the square we're

opening on the big walking street. we have a fat space burger under construction. it should have opened this month and will be delayed by a few weeks. melissa: are you worried? did you make a mistake? is that a bad idea? >> we're building 15 stores in istanbul. four will open this year. the customers want, burgers, shakes and freys. food transcend politics. melissa: don't they have bigger problems? >> this is about the consumers rye volting over the food or, revolting over business coming to istanbul. this isusly internal between their prime minister and what they want him to do. but it has nothing to do with business coming to turkey. melissa: do you worry about physical damage? as you look at things exploding and rubber bullets flying and tear glass, you're investing in a glass and business, are you worried about increased costs? >> you always worry about something like that happened. you hope things settle down. we opened in cairo. there were lots of rioting in cairo at different points in time. that is gone. it is calm. people are buying burgers. in pakistan there are lines out the door around the block to buy

burgers t has been successful. >> how are you responding? >> we can't go any faster to finish building the store because you can't get in there construction stopped everywhere. melissa: it just stopped and you're waiting for things to subside to move forward? >> you can work on supply chain and train the people and can't build unless you get to the stores. melissa: will it change your plans in the country at all? >> no. melissa: not at all? not a stitch? not going to do anything less? you will not hire fewer people or pull out of locations ? this is not changing anything ffr you? >> we're very comfortable with market. istanbul is an amazing city. turkey is a great market. we're looking forward to get open as soon as we can. we need to get open to finish the stores. melissa: that is amazing. you're opening up places in india which i was kind of surprised about because in various provinces in india it is illegal to kill cows. they are say credit, cows in fact. how will you have a fatburger in india? we're not going to enter the

india market with a beef burger. we start with a lamb burgerr chicken burgers, veggie burgers, turkey burgers. there are other food choices we have. in some parts of the country people are eating meat in restaurants today. in some they're not. this concept of food transcending politics but not really transcending religion is very important. it is very important to certain groups in india to not eat beef and we'll not serve beef. melissa: does it translate, fat space burger, traps late if it is not a beef burger. >> chicken burker, turkey burger is not an issue. big, juicy, tasty, doesn't mean anyyhing else. melissa: when i see you reach out to expand in other countries and i wonder at the price of expanding here, do you feel like the climate, maybe not the price, maybe not that severe but the climate here is so challenging that the investment dollars make more sense elsewhere? >> well it was a really, it's a good question. it was really a problem back when the crisis was hitting us and economy was at all-time low,

back four or five years ago, absolutely, it was impossible to franchisees to find capital to build restaurants in the u.s. lenders were running for the hills. they wouldn't do it. so there are a lost international markets, cap is fine and economy is growing and people are building stores. we're starting that back then. we're getting rewards today as they start to open. melissa: wow! thanks so much for coming on. good luck with store as we watch everything fly there. keep ussposted. i hope you come back soon. great to have you back. glad to new york city. melissa: i will eat all of this. you will leave it all? >> yes. melissa: i could put all of that away i promise. >> want to see that go down. melissa: andy, thanks very much. tebow mania officially arrives in foxboro as tim tebow hits the practice field. new details about his contract are leaking out. we have all the details in "spare change." you can never have too much money or fatburger or milk shake. let's go with that. ♪

we went out and asked people a simple question: how old is the oldest person you' known? we gave pe a scker and had them show us. we lened 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 retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

♪ melissa: all right. it's time for a little fun with "sparr change." today we are joined by our own goddess, monica crowley. our very own adana's monica's -- data shapiro. we have all this food. he is conspicuously not

consuming the fat burger. what are you, al three? >> el freak. all i see here is double cardiac. melissa: come on. if you only live once it's delicious. all right. [laughter] i am a cheeseburger gal. this would be my death row meal. this one takes the phrase of sleep on the job to all new level. german banker dozed off on his keyboard, and disadvantages perfectly. rousted be in a burden the transfer $2,903,000,000 from a bank account instead of completing what was supposed to be and $80 transaction. i don't know. i am suspicious of the story. >> absolutely. first of all, the person who had this account, why do you need someone at the bank teller complete and $82 section? spyware the bank n.a. -- they

have to have a surveillance camera somewhere. did he really fall asleep? melissa: it could be good acting. he could have done it. >> the first rule of falling asleep on the job is to fall asleep on a flat surface. i am sun not buying his story. everyone knows that. everybody knows that. melissa: or under your desk. the bill the nestle space under your desk in your offset. >> the 18th floor of this building is ideal because everyone else is on 8912. he shut the door, got the blinds and you just send a lane back. i have only heard this. melissa: this is when you're not eating cheeseburgers. i get it. all right. big news for the football world. the new england patriots just signed stan tebow. a typical nfl contract. a two-year deal that includes no guaranteed money. while the official the amount is not public, albert clear from the nfl network estimates the matter of salary as the 630,000

to 730,000. a two-year contract it comes out some of over a million dollars. >> i know. that is why were talking about the money. >> in this particular case is not even about the money. they did not pick him up, he probably,,his nfl career probably would have been over. i am a long-suffering jets fan. but they did to him was inexcusable. these guys only have x number of years to play cannon money. they basically captain danced. i think this is brilliant. all they have to do is put him out on the field. it doesn't even matter what position he's in. the defense on the opposing team will freak out. this is a genius. >> a good move not only for tebow the appellate check. you know, great quarterback. usually they don't become great in the first second. he needs some good training. and the cleveland browns fan here. so no love for mr. bella check.

melissa: i'm sure. a lot of respect. he creates a kind of interesting options out there on the field. of the other team. perfect. now, a "spare change" update. this 2-year-old begin making the best boss of from any angle, to prove his guilt just a gun basketball great kobe bryant. and they tied. the d.c. this? those getting four shots in 30 seconds. i mean, toddler, a title that -- a toddler died kobe bryant. when i first heard about this i did not see it live. had to go watch it. i thought maybe he threw it. when you wanttd to my dog thinks of fifth. he was really trying. like a decade. that is ridiculous. and i can once that all day. >> is the kid, he didn't just become a beacon may also be sibila kneele. i mean, -- melissa: he just keeps going. he misses there is no reaction. >> two years old and he makes those of us who are not two years old feel inadequate.

melissa: teeseven cute. he's adorable. >> feature nba star. melissa: adam, i demand people want try and your mouth. >> of the more than one fried. melissa: that's all the "money" we have read today. you will see becker tomorrow. gerri: hello, everybody. [laughter] lawmakers try to tackle sexting and driving. have access to your phone without a warrant. also, america's worst charity. you will show you how not to get scant. in your medical privacy at risk. just how easy is it to happen to your medical records tonight we will do it. >> here is the patient records. gerri: that's my name. gerri: you're watching out for you on "the willis report."