tv MONEY With Melissa Francis FOX Business June 14, 2013 5:00pm-6:01pm EDT
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looking for clues as to when the fed plans to kind of scale back its bond buying program. inmate bernanke's said the fed may scale back purchases in the next few meetings. melissa frances is next. ♪ melissa: i'm melissa francis, and here is what is "money" tonight. u.s. weapons are on their way to syrian rebels. a no-fly zone may be rightt3 behind them. the red line has been crossed. how high will the price tag go for u.s. intervention? should companies be forced to pay interns? a landmark ruling may have killed unpaid internships forever. al a stampede of lawsuits is headed for businesses everywhere , and who made money today? they're making a bang with record sales. stay tuned to find out who that is. the villain is a it's not, it's always about "money." ♪
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melissa: our top story tonight another red line has officially been crossed, and it will not come cheap. the u.s. will begin arming syrian rebels, this as the white house confirmed the assad regime has used chemical weapons against his people. in a glittering -- considering a no-fly zone over syria that would dump even more fuel the fire. it sounds awfully costly for a war that most americans don't want to get involved with. joining us now to help put a price tag on all of this because after all the show is called "money," fox news mideast expert and president of american islamic form for democracy. gentlemen, thank you to both of you for joining us. let me start with you. wind out? why is the present doing this now? what do you think? was there a sudden smoking gun or what was the final straw? >> well, melissa, as with all wars the eventually come to an end. they're realizing that there has been a significant devastation
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to the rebels. the numbers killed have been increasing exponentially, and there are signs now that they will move, which reset for years since the beginning of the revolution, that's where it will beein and end. they're is a major massacre in play. there is even a word that the kingdom of saudi arabia and more broadly the kingdom of jordan have given the americans, our country an ultimatum that other your help the rebels are you get out. you will have influence in the future. the cards have been pushed on the ground. the iranians had put all of their stake in, and we are starting to realize the security matrix in the area that has been obvious. melissa: do you agree with that? if so, do we really have -- i mean, do we have the interest to get involved in this point? are we getting involved on the right side? is there a side we should align ourselves with all? >> initially the obama administration, more wars are military interventions because you begin by army and then you
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have to protect your army. then you have a reaction by the regime -- regime and you find yourself involved in a conflict well the president wants to withdraw. but we have counted on the russians to put pressure. and they're real red line that has been crossed is not just on the ground. it is the fact that the russians are not putting pressure on assad to stop. so the assad regime has been pushing and pushing. i think just this move by the president, by the administration is to put back sort of a balance of power between the rebels and the regime so that both of them would go to geneva and begin negotiations. melissa: the you agree? is that our best interest? it almost makes it sound like we're trying to stop the war from ending. >> well, remember, doing nothing is a policy. the current policy, doing nothing but in powering the iranians. the biggest threat, has blocked off vote water into southern syria because they're trying for
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an ultimate solution in southern syria. they have put all of their eggs in that crossroads. if they lose syria to the cities or liberty or the free forces of the free syrian army they will have a significant blow to the influence of the west and the region. so therefore. melissa: on the side of the rebels. you could do is backing the rebels, the muslim brotherhood. it is not people who are friends. i mean, i understand what you're saying about how iran is backing syria and while we should not be on that side, but that ii not a compelling enough reason to be on the side of the rebels, is it? >> well, i think, melissa, is. the zero calculus that the middle east is torn between two bad choices is falling apart. the egyptians on their way to ousting the muslim brotherhood and they're next revolution. the turks have shown that they are revolting. with the right influence, with our influence for liberty there can be a third choice in the middle east. left to its own devices, the
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strong course right now is the worst choice. we can at least try to tilted towards those that are at least closer to less than the evil of hezbelloh and assad and most importantly iran. melissa: do you agree? do you think we have some interest in being on the side of the rebels because the vast majority of americans, 68 percent of which in a most reasonable that we have seen out , say we have no business getting involved in is right now. it is more than double. >> because most of american viewers and those who are watching it. melissa: is about triple when the number of people who want us to not get involved at all. sorry. go ahead. a just wanted to correct that. >> most americans when they watch the video tapes coming from syria, they see -- the reality on the ground is different. there are slamists, but they are the secular ones. we need not to make the same mistake in libya or by supporting the muslim brotherhood. so now if the administration
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understands the equation, the secular offices and signal not to find, this may be the choice that they were talking about. the policy of the administration, i don't know. melissa: let me ask you quickly about the price of all this because the show is called "money". that's why we're talking about it because it's ultimately going to be taxpayer dollars that are on their way. estimates are a no-fly zone could cost in the neighborhood of $50 million a day. where does it go from there? that is just one little item. that is the tip of the expert. >> remember, the cost of this would be waged. we're putting in hundreds of millions into humanitarian aid. the longer we let this go on the rebels are not going to give up. the tens of millions or they will see the assad defeated.
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we could limit it in the next year and make it less by helping the rebels and ultimately win and allows syrians to come back into the decrease cost of jordan and turkey, not to mention a few like libya, for example, it was a little over one and a half to 2 billion in six months. that cost pales in comparison to the regional loss and the cost to israel and other allies in the region. they can do what they want and trend the entire region into a war that is spilling over into lebanon and elsewhere. you will end up seeing it at some point. melissa: it is election day. what do you make of that? is there any change on the way? any chances for free and fair election? what significance should we make of seeing iranians go to the poll? >> full, fair democratic elections, no. the same time the next president could be a more moderate
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element. at the end of the day there is no real democratic revolution, and the ayatollah's regime would go down. it will be a series of movies that we have seen in the 90's. we had the moderate leader in iran. it did not change. there is control in iran. so we need to actually support the iranian people, the green movement, the democratic element. that should be u.s. policy. melissa: your thoughts on this election beeore we o? >> and i would say that the moderates are really off the ballot. the moderates that are there are a sham. the moderates from the 90 was a sham. the supreme leader was still there. at the end of the day, i think it's better to have a leader release as what he feels rather than conceals it and gets it to the table and gets us falsely anaesthetized and to really what the real global enddgame is. melissa: thank you so much for your time. we appreciate it. great insight. time for today's fuel gauge report.
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oil futures recently struck a high fuel by escalating tensions. crude bareback. still climbing more than 1% to settle a $97.80 per barrel, the highest level since january january 30th. north dakota were approaching clients to a record high in april. as according to a new report by state regulators. output climbed by over 1% to 793,000 barrels a day. that is a huge number. north dakota's for the record despite snowstorms and freezing temperatures for much of the month. nothing slows them down. u.s. coal exports fell 31% in april compared to march. that is according to a new government report. expected to hit the bottom line of u.s. coal producers. analysts claim oversupply from asia is the blame. the plot thickens with the ira starting scandal. irs officials grow by investigators. will his claim pass the smell
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test? a former commissioner of the irs joins us on the enter workings of the ageecy. he was the commissioner. i want to know what he believes year. plus, the fbi moves to prosecute a board snowdon. a top attorney for whistleblowers tells us how she would not his legal defense against the government. a lot more money coming up. ♪
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♪ melissa: congressional investigators are spending their probe as the irs targeting scandal, today deposing carter hall, the lawyer for the irs based in washington. he said -- he is said to doe overseen the targeting of conservative groups. so far investigators have been plenty of conflicting information from irs officiils. i want to know, are we getting any closer to knowing where all this started? joining us now is a man who knows the inner workings of the irs down to the smallest detail. former irs commissioner. thank you so much for coming on the show. i was really excited that you decided to come on because you are someone who has been sitting in his seat watching all this at
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a different point in time. you have to be sitting at home listening to these stories and they either sound right to you or they sound impossible to. so far what sounds right? >> well, thank you for having me. let me say this, my experience with the agency -- i was at the service from 03 to 07, and my experience was everyone from top to bottom did their level best to stay clear of politics and the absolutely impartial. melissa: you must have been shocked by this. to this story just blow your mind? you said, wait a second, this doesn't sound like the place and people i know? >> exactly right. very sad. would you have is failures at three levels. there were people in cincinnati you, for lack of a better term, lost their minds, if you will. no excuse for using the words they used a multi-party, patriot, things like that to call up the applications that would get extra scrutiny. the intermediary level of
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supervision, supervising all exempt organizations. once they knew they had problems it took two years to clean it up. that is way too long. finally, at the top of the organization of the commissioner's office really had its head in the sand, and you cannot do that. there were lots of concerns, as you know. melissa: let me ask you details about all of that. do you believe -- is a believable? is it possible that the folks in cincinnati thought this up on their own? was not coming from anywhere hire and they just decided to go out and do this? >> the initial decisions that they took in that first report about which applications they would pick out for extra scrutiny, i think that is pretty well established that that was done at the lowest level. then what happened is once they were selected for scrutiny, then as you indicated, they would go up into washington for review. that was over the top. some of the questions that were asked at the request of the washington people were
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inappropriate, as has been demonstrated. melissa: at that point inevitably higher-ups' knew was going on because they were getting this intermission and the documents they you think people higher up the food chain had to have no was going on. >> that's right, and that's appropriate because your getting into a new area of the law and want to make sure is done correctly. the ida was going to washington is hardly surprising. as i said a moment ago, my problem is that it took so long to settle this down, good correct procedures. then when the commission was asked about it instead of saying, we have some issues, we sort of the matter and now we're doing it properly he said there is no targeting in give the impression that this was all shipshape and there were no issues. melissa: why would he do thht? >> i have no idea. it was -- melissa: is a political? >> i have no idea. at the believe that is the case. this is what has to be developed to the congressional investigation, if you will. have no reason to question his
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testimony. i just think that it was badly bungled. melissa: this is something that has caused a lot of people pause because this is where we have made it in the food chain. how we are talking about former irs commissioner and him visiting the white house 100 teeseven * during this timeframe , how many times did you in that role visit the white house? >> i would go there and back for money, but what i said, i testified to this before, this same committee, i only remember going over their wants to talk of policy issues with other agencies. look. melissa: why would he go 157 times? is a right to infer from that that maybe there were talking about this issue? >> i think that's a leap. maybe it will be established, but there is no evidence to support right now. he had plenty of business over there in the sense that the affordable care act is a very significant responsibility. in fact my concern when i testified last year was that
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entered the service to closely into the rest of the government. you want the agency to have a lot of independence. unfortunately he answer the question about this brothers broccoli and talked about an easter egg hunt. he had very good reason to be over there and he should have shown more deference and said exactly why he was in there. melissa: out of a clean this up? you have been inside. do we have to change the law, clear house? is it endemic to the organization? have a feeling you're going to say not true to the last one. >> i would tell you that the first thing that has to happen here is the president needs to appoint a permanent commissioner. there is no way you would let the cia or the fbi jen months and months without a permanent leader. that is to happen and it needs to be an individual of stature will take charge of this, a takeover for someone doing a good job getting to the bottom of everything, and me to have a thorough area of this by the congress. i suggested a joint committee of
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senate and house members. my concern is that tax reform could be jeopardized by this. if the tax-writing committee finance and ways and means of working on this rather than tax reform, that will be a shame. melissa: it really would. former commissioner, thank you so much for coming on the show. we appreciate your insight, and i hope you come back. >> thank you very much. melissa: next on "money," the u.s. government will officially prosecute edward snowden. how can he be defended? the top attorney for whistle-blowers is going to tell us. plus, detroit is -- the emergency manager unveils a last-ditch plan to save the city. gannett stock the largest municipal bankruptcy in history? we are going to ask one of detroit's former mayors. you can never have too much@ "money" in detroit. ♪
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♪ melissa: whether it is on wall street or main street, anyone who owns smith and wesson, no, not the guns, company shares. this court record sales in its most recent fiscal year, soaring 43% and up its guidance for fiscal fourth quarter. the news triggered a 5% gain for smith and wesson stock. good for them. also making money, investors in groupon, the group coupon had apparently not over at least according to deutsche bank upgrading groupon stock the by, pointing to its growing attraction in mobile. leaping more than 11%. and making money and getting a new life today. the terminator franchise. seriously? the ceo of oracle paying 33% of the budget for a new terminator
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fell because they have money to burn. paramount pictures will pick up the rest and, yes, arnold schwarzenegger says he will be back to reprise the role. shooting begins in january. just what we need. u.s. officials are not taking all necessary steps to prosecute edward snowden. the case against the yen as a whistle-blower appears to be growing daily. u.s. counterintelligence fear he has yet to release additional classified documents and it tried it is believed he would be prosecuted under the espionage act. how lawyer defending in court? few people know better. an attorney and currently represents whistle-blowers and is also was a bore herself. thank you for coming on the show. how similar is this to the other and as a -- nsa was you're working on. i understand the circumstances, talk about the same thing. >> exactly. it is similar in a lot of ways in terms of, i have three nsa
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clients to for the past three years have been saying to my nsa is monitoring all americans digital data, both men to and content. so they have been saying that for years. now we finally have some proof of it, and this creates a big hullabaloo. but i think obviously what happens in every single one of these cases is instead of listening to the messageeof why the u.s. is violating the two major federal laws that govvrn this area and the fourth amendment to the constitution, it immediately turns to going after and vilifying and smearing whistle-blowers. melissa: i think that is what those who are going after hammer doing. the public is fairll evenly divided on where they think it comes down. let's focus on trying to defend him in this case. what would be your first up? in deep think, for example, did he hurt his case by being so
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public in doing that interview with the guardian in everything he has done and threatening to release more information? does that make him look like less of the whistle-blower and more like somebody who is either a little crazy or as a vendetta? >> actually strategically in these kinds of cases you have to win not just in the courtroom, but in the court of public opinion. and a lot of those a blowers try to stay anonymous. so he is one of the few who actually has come out and a very public way and said, i did this. i no there will be consequences. so i think he knows that if he ended up back in the u.s. there would very likely be a prosecution. from my experience in terms of all of the men who have been prosecuted for allegedly mishandling classified information, it would be under the espionage act, which is strange. it is a law meant to go after spies, not whistle-blowers.
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melissa:ust highlights the fact that maybe there is a fine line between who is as by in the sense that there disclosing information that would hurt america that they had sworn to uphold the verses was a whistle-blower disclosing information because they believe %-the law.overnment is breaking senator dianne feinstein has said that the details -- she is going to release details next week it will show that this program has identified two different plots and stocks those in their tracks trying to show that this is a meaningful program. does that bear on his case? does it matter? if we decide this is been effective or is this case really about his actions and his promise to keep this information secret? >> i think it will be about the latter part of what you discussed. dianne feinstein's argument is that he -- the means justify the ends and maybe we got a bad guy and then makes the program okay,
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which it doesn't because the program violates to federal laws and the constitution. i think, you know, he would be charged with -- about his actual conduct. and while we have dianne feinstein saying that tall we have two other senators on the senate committee saying, look, there is a secret interpretation here. and in the american people, if they knew what it was there would be anchored in now raised. so there is disagreement in congress, and i think the atmosphere -- it's hard for them not to play a role. melissa: real quick, what is your bet on whaa happens to have? you have so much experience. how does it play out? >> i bet either he is granted asylum because he has a valid fear of political persecution, or if he ends up in the states unfortunately you will be prosecuted, likely under the espionage act. melissa: thank you for coming on. we appreciate it. next, the emergency manager of
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detroit unveils a broad restructuring plan to save the city. can prevent the biggest municipal bankruptcy in u.s. history? one of the city's former mayor joins us with the answer. plus, are unpaid internships illegal? a landmark ruling. be aware, details on the fallout for companies and workers everywhere. piles of "money" coming up. ♪ this man is about to be the millionth customer. would you nd if i gohead of you? instead we had someone go ahead of m d win fiy thsand dollars. congratulations you arene our one millionth customer. nobody likes to miss out. that's why ally treats l thr customers the same. whether you' the first or the millionth. if your bank doesn't think you're special anymore, you need an al. ally bank.
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♪ melissa: we are tapped out. that is the word for detroit's emergency manager today, unveiling a broad restructuring plan to say the city. but detroit already defaulting on some of its dead a short time ago, it is a last-ditch effort to stop the biggest municipal bankruptcy in u.s. history. but is it enough to save detroit from the abyss? joining me now, former mayor of detroit dennis archer. thank you so much for coming back to the show. >> thank you for having me. melissa: i have to tell you, i'm looking through this proposal. what jumped out at the is the fact that bondholders are taking a massive hair cut. i mean, they are getting $0.10 and the dollar. the same time, you like it was to the employee pension and retiree health care benefits are going down only by $0.10 on the ballot.
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this does not seem like it is an equitable deal. what's your take? >> if you take a look at the program of what has been proposed, it's a hair cut for everybody. melissa: but not of the same length or severity. someone is getting a buzz cut and someone is getting a trim. >> well, if you were at the public meeting like our was with the emergency financial manager this past monday, he laid out a proposal including with graphs and charts to show exactly where the city was, how much money it had and how much it did not have, you would then begin to listen to what the audience had to say. a very respectful manner, namely that from the point of view, this city is in trouble because of the bank's positions and what they did duringgthat caused the mortgage debacle that caused so much income that would come to
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the city of detroit that would be there as a result of property taxes that the banks ought to take in up to take more, but the reality of it is is that everybody has a share in this. melissa: municipal bondholders are not banks. @%at's everybody. those are pension funds, mom and pops. melissa: one other thing that i would make an observation on, and that is that the insurance companies who ensured a number of the bonds that were issued that are also going to be involved. the reason why this city purchased insurance was to ensure that bondholders would be made whole or in least as well as possible. everyone is in it. if you don't have the money. melissa: i think there's a huge problem. they definitely don't have it. you talk about the insurance.
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the only way that will play out is if they default on those. and they're not talking about defaulting. they're talking about taking a major air campaign that tent%. so that insurance and can't. melissa: -- >> with the emergency financial managers trying to do is to avoid bankruptcy. i hope he is successful at it. today he believes that there's a 5050 chance oo not going into bankruptcy, but it all depends upon whether but it does, including our employees, unions commend all of the creditors. you know, for example, on april 26 of this year we had $64 million in cash, but we had money that we need to pay a 226 million. this is what the emergency financial manager has found. so we got -- we have to be able that at the end of theosition so resolution, however is dealt with, a settlement or compromise
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, or in the alternative, bankruptcy, the city has to be in a position where it can grow, attractive -- attract new business and become final. melissa: i could not agree with you more. the pain has to go even deeper for the employees and retirees and the pensions unfortunately because like you said the gap is so enormous. melissa: we have to go. >> representative, union representative, he said from your perspective the union members have been taking a hair cut for the last -- >> i'm sure they do feel that way, but we have to go. we appreciate your time and i hope you come back because i know that this is not resolved. >> we will come back and it will be a success story. melissa: i hope so. thank you. all right. more than a million interns across the country are kicking up their summer. a landmark ruling may kill off their experience altogether. former unpaid interns for box
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search light have won a huge lawsuit against the fund company. a judge says the unpaid internships violated minimum wage and overtime laws in the studio must fork over back pay. full disclosure, of course, owned by news corporation which is the parent company of fox business. will this spark a flood of new lawsuits? will businesses deforest to do paid internships. joining me now, this is huge. this is a really big ruling. did you expected command but the implications? >> this has been the movement. 1947 is when is for started. the u.s. supreme court, and turns are not employees. 2010 department of labor went ahead and came up with a 6--- 6-part test for what his employer he. there are couple of decisions, the most recent one involving search light and a month earlier
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in the southern district, same courthouse with the first publication. they both said that it is essentially a benefits class. you're benefiting the employer you have to get paid. these companies, lot of big corporations. melissa: you come man. we take the time. we teach you is still command to contribute. >> and they want the benefit. they don't want to just -- melissa: stand their like an idiot. get involved, roll up their sleeves. >> absolutely. they want to learn the business and engage in the business, big new york city law firm, mom-and-pop shop for these big corporations, you have to pay them. melissa: this is what i thought was compelling. accordinn to the department of labor guide, the intern must not displace the paid worker. that is one of the maintenance. it must be closely supervised. the internships must be similar to what it would receive an educational environment. that strikes me as odd because of reason you're here is you
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can't get this in school. but the idea that they should not displace the paid worker, you know, and a lot of cases you can see where they crossed the line and where really get in turns my actually doing a full job. is that what is going on here? >> these interns were doing in turn jobs. they have gone a long way from following someone around and just watching them to getting involved. intern's involved. one of the biggest of the six criteria you were mentioning is, number four, the employer that provides training derives no immediate advantage. well, if i am an employer and don't drive economic management, i want hire the intern. it does not really -- a christine lagarde did not get paid when he was younger, it does not make sense to me. it is just great for the plaintiffs' lawyers because there are a lot of lawsuits. new york times this week, allows it was started. so there is a huge --
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melissa: what you think will happen? i work during the year and save money. i could afford to work for free because i knew that's what i need to do. i worked in the kitchen, a job that stalls, do whatever else like it cannot and do something for free. is that going away? de the internships go awayyor become paid? >> they become paid. melissa: that's not bad. >> but here's the problem. if they become paid in the company, small or large, has to put that in their budget. companies may very well want to get rid of it. white kid in internment you can get an employee. melissa: why pay someone when they're will only be there for three months. >> exactly. melissa: maybe there is another paid person on the staff, but is not a college kid. >> and hopefully will work, but it could have a negative effect on these kids. melissa: thank you for coming on. great insight. coming upon "money," legal marijuana is spreading, and the marketing world is celebrating.
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a huge push for marijuana product placement in tv and film is under way. one of the best markers in the game is leading the charge. the spark for the fledgling industry, like any health selling pot. he joins us next because at the end of the day it's all about "money". right. "money." ♪ change makes people nervous. but i see a world bursting with opportunity, with ideas, with ambition. i'm thinking about chi, brazil, india. the wod's a big place. i want to be a part of i ishares international etfs. nd out why nine out of ten large profesonal investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. risks, charges and expenses. wgiven way to sleeping.ssine
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melissa: marijuana is set for a movie makeover. illegal pot is getting a big push for product placements in movies and shows, and marketers behind the scenes are chomping at the bit to get in on the action. there is big money to be made illegal marijuana. you think? both on and off the set my next guest would know all about this, having done some of the most famous product placements in history. joining us with more is marketing and public-relations consultant cheryl schuman. i want to start by bragging about your credits because i am told the your the one that went out and picked the raid and wayfarer for tom cruise to wear and risky business we know what happened in that case. 360,000 pairs of those sold in
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only a few months after risky business. in those cases who is paying you to pick those glasses? added benefit? >> first off, thank you for having me. i'm here. i love your book. it depends. depends on which studio is. sometimes it will be the studio with a master of the production company that will pay me. in some cases, like riskk business, those were handled by unique product placement at the time, so they brought me into the wall of their anti reflective lens is. one of the great things about the laws in california back in those days is as an optician you have to bls is a petition with the state medical board in order to make and a prescription or anti reflective lens is. melissa: so they just like dow. there were not paying you to peddle their product?
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the let down by virtue of your placement? >> they get lucky, and the rest is history. a list and a great job. melissa: let's move on. so what is it exactly the you are trying to achieve? does not have a bad image? don't lots of people wanted? >> the bottommline is the modern-day canada's consumer is women and single moms. the number wanting a one to accomplish when i came out of the closet after a my cancer about mike hammock to have canada's usages of one of my children to be proud of me as a developing products. usually when you see marijuana is through a bond. melissa: to you have stats to back that up? >> you know, i'm a spokesperson for mom's for marijuana. there are over 80 million women across the country in the entire world that literally are looking
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to enhance their lives. think about mother -- mother's little helper from the 60's, valium. today women like me instead of using a glass of wine at the end of the day or alcohol, marijuana is safer and there are no calories. also, it is less harmful than alcohol tobacco. so what makes me a better mom when i come home from a long day and a lot of men also when they're coming out from a long day is they choose to use cannabis in order -- whether through a vaporizer like is that we make in manufacture, and they choose to use that whenever lax at the end of the day. melissa: there may be people in the audience yelling at the television and disagreeing with you just had to say, but that is not the point of our segment. how you are moving to get this placed in movies. have you had pushed back from people who ddn't agree with your point of view? they want, you know, mobs to be high while they're taking care of their children we know what this image. here you are actively being paid
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and working hard to get this image into movies. you must get a lot of angry mail . >> you know, believe it or not, actually, cannabis approval ratings are at an all-time high. he check that cnbc or cnn or fox business news, you will see that when people see cannabis, medicated chocolate malt has a price you can get. it is not the old school, you know, dirty bonds enjoins that homeless people use and alleyways today it's women like me to work in the corporate world to our highly educated. and what happens, people coming out of the closet. it's a lifestyle choice. when they do the television, thousands of e-mails from women and men all across the country the second thank you so much for allowing me to have the empowerment to come out of the closet about my usage. melissa: we are out of time and i have no doubt we will get a lot of the melson treats about this one. thank you for coming in the show. we appreciate your time.
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>> it is time for a little bit of fun with "spare change." we have our guest today. thank you for joining us and happy friday. it would not be friday without tom cruise in hot water. at a shareholder meeting, he reportedly said that wal-mart had improved women's lives around the world. he also called the store a role model. even after wal-mart has faced numerous lawsuits. i mean, i don't know. what do you think? >> he should go back to jumping on oprah's couch. >> improving people's lives, i mean i don't know. >> when did he start advocating tort wal-mart?
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>> i cannot figure out why he would be talking about wal-mart at all. what is interesting is not only have there been numerous lawsuits that one of them is a 2000 women class-action lawsuit and of a lot of people. >> that is a lot of women. okay. paramount has introduced a mega ticket for its new movie. fans pay $50 for the ticket. you get into see the movie to days before the official release and you get a copy of the movie. it also includes popcorn and all kind of stuff. >> i smell a little bit of desperation. i am a big zombie fan. but i heard the movie is not that great. >> i don't want to see the movie. i'd just like the ticket. >> yes, it is a big summer
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blockbuster. melissa: anytime you spend $200 million on a movie it is obviously great. [laughter] gerri: >> b1 let's squeeze in another one. this may be a parking spot in the south beach neighborhood in san francisco. it sold for $82,000. i used to park on the sidewalk in south beach. in the bay neighborhood, they were auctioned off for $560,000 for two parking spaces. a year ago, the space in new york city went on the market $40 million. maybe we should start investing in parking spots. >> what you think? >> i live in the u.s. south bay, boston. >> that is only $250,000 per space. >> all right, thank you guys.
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that is all the money that we have for you today. have a great weekend and happy happy father's day. "the willis report" is coming up next. gerri: thank you for joining us. tonight on "the willis report." %-veterans waiting for benefits. one of our heroes is here tonight to share his story. and young americans saying no to credit cards. and new concernssfor young athletes. we are watching out for you tonight on "the willis report." gerri: we will have the latest on our
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