tv MONEY With Melissa Francis FOX Business June 18, 2013 5:00pm-6:01pm EDT
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number one thing to watch will be federal reserve statement set to be released. 12:30 p.m. eastern time. fox business will have all of it. peter barnes will be there asking questions. david: we have a lot of -- melissa: i'm melissa francis and here's what's "money" tonight. what do high-priced cars and jewelry have in common? they're soaring demand could be a dire sign ffr the markets. plus, would you buy a failing company just to get its employees? yahoo!'s marisa mayer may be doing that twice. but her so-called aqua hiring could creature moyle at yahoo! we'll tell you why. "who made money today"? a hint, they're seeing nothing but green on their tv sets right now. can't figure it out? keep watching. we'll tell you who it is. even when they say it's not it is always about money.
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>> in recent years, these programs together with other intelligence have protected the u.s. and our allies from terrorist threats across the globe to include helping to prevent potential terrorist events over 50 times since 9/11. >> nsa utilizing 702 authority was monitoring a known extremist in yemen. this individual was in contact with an individual in the unittd states named khalid owazani. he and other individuals that we identified through a fisa that the fbi applied for through the fisc, were able to detect a nascent plotting to bomb the new york stock exchange. melissa: top government officials defending the nsa's controversial surveillance programs in washington today. as you just heard, nsa director-general keith alexander says, the program helped stop more than 50 terror acts but it is not totally clear whether these types of sweeping
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surveillance programs are necessary to keep our country safe. what kind of an impact could an attack on the new york stock exchange have on the economy? joining me now is former nsa official colonel cedric layton. welcome back to the show. >> my pleasure, melissa. melissa: on the positive side reaction to today's hearing sort of across the board was that this certainly seemed up front, more professional, more prepared than the parade of jokers we saw coming out to testify on behalf of the irs or any other hearings. this had much more official, much more researched feel tooit, would you agree with that? >> oh, absolutely and when you look at the relationship nsa has had with the congressional oveesight committee such as the house committee where this hearing was today and the senate intelligence committee, i'll tell you from my personal experience as well as what i saw today it was absolutely the mos% professional hearing. it was very much to the point. it got a lost questions answered
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and, really an example how these kind of activities can be examined through congressional oversight and something i think americans are hopefully proud of at this point. melissa: there were no sarcastii remarks, why did you have to go to the white house 150 some odd times, whatever the amount is, nothing about the easter egg roll. >> right. melissa: on the flipside when they're sitting there talking about having foiled 50 attacks and you drill down on details what is actually being said, it was not clear to me from the testimony that this ppogram was directly responsible. i mean for sure not solely responsible for having those attacks not happen. at best it seemed like in a lost case it is was a secondary source for some type of confirmmation. your thoughts on that? >> well that may be true many of the cases. i think that they're trying to be very cautious with how much success they ascribe to these two programs, the internet
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surveillance one and the one that deals with phone numbers. so they have to be very cautious and quite frankly, melissa, when you look at the way in which intelligence is pieced together, it is basically putting a jigsaw puzzle together. there are different pieces that have different sources. so if you think of the jigsaw puzzle coming from different boxes, different pieces coming intelligence is put tooether. and that's where one box may very well be part of these activities. melissa: yeah. >> but another box may just be an average citizen on the street noticing something and saying something about it. >> but here is the problem for the average citizen out there. they are asked to have a tremendous amount of trust, that the government is going to cast this very large net and they weren't going to abuse it. that they will collect this data and sit on it and only go back to it if they have a good reason to go back and look at it. on the flip side of it, you are hearing at the exact same time about, you know, what happened to james rosen, what happened to
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the ap, to the government abusing their authority to oversee and look in and get records from people. so we're seeing, you know, potentially abuse on one hand and then on the other hand we're being told we need this in order to be safe. what kind of case does the nsa have to make to the american public to make them feel better, do you think? >> i think they're beginning to make that case. clearly there are certainly timing was one of the worst possible in the history of these look at the james rosen case and the ap case, those were other arms of government allegedly that did this, that were involved in this and, nsa very specifically, you know, and i can tell you from my own personal experience was not involved in any of those cases. so when you extend that argument you have to look at the oversight mechanisms that are in place in all these different areas and perhaps what government agencies need to do,
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other government agencies besides nsa is take a look how nsa does this kind of oversight and use that as a model for their own internal oversight mechanisms. that might be a step in the right direction. because the nsa operates in a very apolitical, nonpartisan fashion. that is precisely what is required of all these other entities in government. melissa: it is, seems like to the government that is not what is going on. to trust one agency to be nonpartisan when you've seen others that seem to on the surface from the evidence we've seen so far have gone in the other direction it is hard for the american public to say this one deserves my trust, this one doesn't. i don't know, it is an interesting discussion. we'll definitely be continuing it. colonel, thanks for coming on the show. we definitely appreciate your time. >> my pleasure, melissa. melissa::time for today's fuel gauge report. crude didn't just settle at its highest level this year but the highest in nine months. it ended the session, wow, look at that 98.44 a barrel.
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we're bucking 100 again. how did that happen? a big natural gas pipeline being proposeed in north dakota, according to platts. it would run from the bakken shale region to east north dakota. sources say the project would cost up to $700 million and give a boost to manufacturing jobs. chevron slicing its assets in nigeria. it is selling its stake in the area with nearly 250 million bears of crude reserve. this follows asset sales by oil giants shell and conocophillips. nigeria's government is pressing for mow you've more domestic ownership of their oil and natural gas. they're getting their way. colling up on "money," want to know what is next for stocks? look up. how a boom in skyscraper construction could be an early warning sign to sell. we'll tell you why. we'll argue both sides. you have to see it to decide for yourself. plus you think a 95-year-old getting workers disability might
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tip off the government, wouldn't you? but you would be wrong. new revelations are how retirees scamming disability left and right. more "money" and abuse straight ahead. ♪ at a dry cleaner, replaced people with a macne. wh? customers didn't like it. so why dbanks do it? hello? hello?! if your bank doesn't let you talk to a re person /7, you need an ally. hello? ally bank. your money needs an ally. at od, whatever business you're in, that's the busins we're in
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♪ melissa: whether it is on wall street or main street here is who made money today. anyone who owned sony along with daniel lobe, ceo of 3-point. his share has risen to 7%. he is pushing sony to shrine off the entertainment division. daniel lobe controls 70 million shares of sony. that means that he made a one-day gain of 4 # $.6 million. not bad for a day's work. -- $47.6 million. not bad for a day's work. nothing brings home the bacon like hamburgers. it is shutting down 67 of hits mexican grills to focus on the core business. investors are happy with news. jack in the box shares rose 5%. hoping to make money on transparency. is starbucks. ignorance will no longer be
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bliss with cappuccino. starting next week they will post calorie counts for every item on the menu. the move affects all 11,000 u.s. locations. brace yourselves for one rude awakening. here it comes. can the spending habits of the super-rich predict a market some behavioral economists think yes but it is not intuitive as you might think. the theory goes people make bad decisions at moments of great fear and also great optimism. when you see the wealthy dropping big bucks on expensive art and cars, it could be an indicator the markets are about to tank. some say that is what is happening right now. so the big question is, does the hypothesis hold true? should you be making investment decisions based on this? here to answer the question is peter at water, a behavioral economist and author of the book, "moods in the markets." also jonathan hoenig a hedge fund manager and fox news
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contributor. welcome to both of you. >> thank you. >> thank you, melissa. melissa: peter, let me start with you, lay out the evidence from right now the irrational behavior that is supposedly going on. some recent examples that are out there. astin martin fetch as record 4. # 5 million at an auction in -- 4.85 million. it seems like a lot for a car. christie's set 37 record in may, 37 record amounts. more than one a day. luxury vacation firm, abercrombie and kent, they sold out their african safari tour this is particularry opulent. chart ear second jet and do a second round because everyone wanted to do it. this is in theory a sample of excess going going on right now. peter what do you think. >> i'm a sociomistt.
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melissa: i hand it heard that. >> it was originallied from robert precto row. hoe folks did the wave. what i look for examples are of overconfidence. i don't care what the sector is, people behaving in exuberant way, committing capiial, borrowing money, doing things that just show that it's good today but it will be evee better tomorrow. melissa: yeah. >> what i see right now is the very high-end, which typically is the group that has so benefited from this bernanke-induced central bank liquidity frenzied recovery. melissa: right. >> they are behaving in an% extraordinary way. melissa: so he, yes it does qualify? the stuff i've seen lately you think qualifies as that irrational exuberance? >> absolutely. melissa: okay. >> particularly the pencil-thin
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buildings going up in every neighborhood in new york. melissa: we'll get to that in a second. jonathan, let me get reaction to what you heard so far. do you agree with theory aere? >> i definitely agree with the ideas behind behavioral finance. you alluded in intro, looking for extremes in market sentiment. either extreme greed or extreme fear. melissa: right. >> more often applied to the broad public not for the super-rich. dropping 4 million on a car is not that big of a deal. a more telling indicator are not investing.e are buying with we covered many times, melissa, the rich and not so rich, are still relatively conservative invested. they're not overweight as heavy in stocks in '99 or real estate as in 2007. so i don't think we're there. melissa: that is interesting point of view. peter brought up the buildings that is another one we thought of on our own. this sort of skyscraper index. if you look in the past, what i
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wanted to do is go back and see has this been right in the past thht we've seen great excess at the time the market is to fall. from the biggest buildings, woolworth building, construction began in 1910. would be the world's tallest building. the dow lost 18% in the panic of 1910 just after breaking ground. look at empire state building. construction began in 1930. would be the nation's tallest building. the nation sunk into a great depression during the construction of this building. once again, chicago spire, june of 2007. we know what happened. it would be the nation's tallest building again. real estate in stock market peaked the same week that construction began. the project has since been abandoned. frighteningly right now we've recently seen an article about this we had to go back and look it up. there was only one billion dollar building between 2008 and 2012. now all of sudden there are three and they're all in
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manhattan. during that period of time, the billion dollar building between 08 and 12 had gone away. now all of a sudden there are three of them. what do you think, peter? >> $2.7 billion of real estate being put on park avenue today. you know, you look at the world trade center. it was another example in the late, you know, late '60s,,3 early 70's. same kind of phenomenon. we build monuments to ourselves at the top and skyscrapers are just a great example of it. melissa: jonathan, wait, jonathan. hang on. hang on. you had a great point. i don't want to run out of time. the buffett index. that is one you brought up this is a great counterpoint. the amount of money people are willing to invest or throw away -@depending on your perspectiie, having lunch with warren buffett. this year it went for a million dollars. that was, which sound like a lot of money but it's a huge drop-off compared to last year and the previous years. you look at 2011, it was
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2.6 million. 2010, same thing. all the way back to 2009, was still higher than it is now. jonathan, do you think this is a sign that people re getting more rational and maybe we're not jumping off a cliff? >> liz i lived through 1999 this is no 1999. if it was you would see all-time highs for lunch with warren buffett or dinner with warren buffett. we're not seeing that. again we're seeing the public, and even ultrarich, still relatively cautious when it comes to their investments and with their money. tell you briefly on the skyscraper index, only applies to when the world's tallest building is being built. last world's tallest building was built in 2010 in the united arab emirates. no doubt that began a three-year major downturn for the market. maybe we need to build the world's tallest building again we'll get bearish. i'm not there yet. melissa: peter, i will give you the final word. i want you to tell me once and for all, is this a top in the market? peter, just looking at the behavior of people would you get
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out right now? >> i would. "the london telegraph" announcing that london is looking at new world record tall building being built in the city of london. to me, nothing says we're at the top than when people want to put a shovel to the ground. melissa: all right, guys. that was fun. thank you so much for coming on. we'll see who is right. we'll play it back later. switching gears now, to more of our money being wasted at a time when no one can afford it, reports of widespread disability fraud by federal workers, taxpayers like you and me collectively pay billions every year just so these guys can collect money on a bogus injury. fox news's doug mackel way has more on this. doug, what is going on here? >> well, you know, melissa, this is a problem that could only have happened, or could not happen with any successful company with the private second or state government because there are checks and balance to protect fraud and they are weak and seldom enforced with the
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federal government. >> the price is right. she raised her arms high to spin the big wheel on "the price is right," federal worker kathy cash well may have sealed her fate. she was for five years on federal government disability, unable to stand, sit, seat, rise, or grasp her claim stated. armed with tv video they filed charges. she pleaded guilty to fraud and is awaiting sentence. >> more workers may maae take-home pay going on disability than if they stayed on the job. >> an investigation by the "washington examiner" documents many cases of apparently healthy young federal workers feasting at disability trough. one ran marathons while collecting disability. another hauled in $142,000 in does ability payments for a next injury while buying a boat called free ride, traveling the world and doing trapeze flips on club med vacation and enjoying snow skiing and scuba diving. 15,000 recipients are 66 years old or older.
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some six are over the age of 100,. fica where the federal disability program is run, lax controls that state or private sector perhaps have. >> state plans have much stronger antifraud provisions the federal government's antifraud provisions are basically, we trust the worker to tell us the truth. >> under such a system, disability amounts to a lucrative retirement plan t pays 75% of the wages for most recipients and it is tax-free. by comparison, federal retirement pay amounts to only 60% of the wages and it is taxed. the federal government has little incentive to cracks down, funding for all agencies, $3 billion a year is automatically appropriated and run through the department of labor. the u.s. postal service with its legions of letter carriers tops the list of federal disability claims at 40%. in a statement to fox news the postal service's inspector general says workers comp has become an unintended retirement
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system. the labor department is not addressing these abuses and has no incentive to strike at fraud. reform is needed. complicating effective oversight the federal program does not require employing agencies to order a second opinion. the claimant can pick his own doctor. if his claim is rejected he can file for a different disability as often as he likeses. senator susan collins of maine has been at the forefront of pushing to close that loophole. >> i'm outraged that a program that is intended to provide financial, medical, and rehabilitation support to injured workers instead is plagued with fraud and abuse. >> in a statement the department of labor today told fox news it is quote, strongly committed to program integrity. we disagree with iog's assessment that the rate of fraud in the fica program is high but we consider any amount of fraud or improper payments to be unacceptable. a lawyer who represents federal workers in disability cases defended the program, quote. every federal worker pays into the fica program and these who
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become disabled are getting benefits from the system they paid into while they serve. he adds vast majority of federal workers receiving benefits are getting them legitimately. the private sector has its own problems with disability claims. they have tripled since the year 1980 the aging of the workforce and recession explain much of that but so does a wider latitude in the diagnosis of depression and anxiety, three times as many americans claim mental disability as they did 30 years ago. melissa. melissa: wow, that was really irritating story. it is better to know than not to know. we can't afford to put our heads in the sand. doug, thank you very much for that report. >> well-put, melissa. melissa: up next on "money," a group of 711 owners turn their stores into quote, a modern plantation system. how do they pull off such brazen fraud and identity theft will legal immigrants? we'll follow the money. yahoo!'s marisa mayer may by
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♪ melissa: so it is being called the modern day plantation system. federal authorities have seized 14 stores in new -- virgiiia. franchise owners are facing serious charges of waste left end use of faulty social security numbers and more of the largest criminal ever granted. investigations ever. with me now is former federal prosecutor doug burns, look back to the show. >> thank you. melissa: this is an incredible story for a number of reasons. one is the scope.
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there are just so many stores that are involved. tell me exactly what was going on. >> have been in a couple of these cases on both sides of court as a prosecutor and defense lawyer in the mall with the same judge. basically this scheme -- is out right complicated, but you boy letdown. they are running 7-eleven, hire illegal aliens, then use legitimate social security numbers of other people and use the social security number that is real, associated with a particular employee. now, is a franchise. the main company is processing a theel. real worker. they intercepted the franchise owner. its $500 then pay a worker a fraction. in a show the home of one of the franchise owner the was involved, living very opulently. no idea what commissions is people living in. and stand at the case came to light because into for workers
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francis@foxbusiness.com -- in two different cases of workers went to the police and said i am working in did not receive any wage. it had to take a lot. >> you just made a great point. one of the essences of the scheme like this is it getting them to come forward. melissa: of the things that are amazing to me and that this case, no one at 7-eleven corporate headquarters got this and that system, employees using essential security number. right there if they notice that they were paying to multiple people under the same number, no cuts in the system. >> you can argue that both ways demand will. the first is your way which is ridiculous how they did not catch it. some kind of out rhythm or computer program. the reverse is, and all of society where he had complicated bureaucracies, whether government corporations.
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melissa: i don't care about that >> said that an excuse. kendis telling you why it happened. melissa: my other question to mile was seven somewhere talking about illegal immigrants being a legal wages. money was paid into social security. where is that now? >> we don't know. melissa: money went to social security that is not going into someone's account. to that person the credit? there were pay money into of social security. the same. is not belong to anyone. let us return this money. >> some residual accounts. on the side. melissa: i don't want to put it on the side. want to know what happens. >> i prosecuted cases where the husband died and she receives a check and continues.
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in that case not to pay back restitution, but in the course of my travels in most cases i also learned that social security sometimes has the funds they cannot specifically identify and they put the pen -- melissa: what happens? >> the use it as a reserve for efficient. you ask an even better question, the user id theft and tug the legitimate joe blow security number. no, those in the person has money on account. follow me. melissa: i'm running the show. it's confusing. %-money whent happens to that it goes into the account of the person who was sexually the employee? is the question. it's being in pate to evaporated to someone's account. >> directly a real person has that money in the name, but his
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that their money. that say they steal my social security number and then pay an illegal aliee. they deduct money against my social security number, and now it is on rrserve. melissa: on reserve means -- >> the person whose number that is affiliated with and they will say, you have this money and social security. and then they say, i never worked. melissa: and reserve means social security keeps it and use it for what they want to know what that is a question for another type. thank you for coming on. thank you for coming on. next on "money," why would bar some fire want to buy two family start-ups? for the talent, naturally. well her hiring strategy cause a bigger problems? one venture capitalist says yes, and he is here with the details. plus, is there really no such thing as bad publicity? under armor flashy logo plays bake in a helicopter rescue. you can see it right there.
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hours expecting third quarter earnings topping expectations. reporting strong growth for creative cloud obligations. so it looks like yahoo ceo has a new trick upper sleeve after some high-profile acquisitions, namely tumbler which young who bought for a cool billion. reportedly in talks to buy it to fail start-ups. it is called acqui-hiring. you must the words together and try and say it. the idea is to basically buy the talent at those companies. not everyone is on board with this strategy. venture-capital list says it will drain morales from existing employees and send the entire company down the wrong path mark. the two companies said she is looking at. they're is a lot of speculation. the first is zombie.
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you pointed that out. i did not even get it from looking at it. it might be 30 to $40 million. the company makes address book applications which does not sound that exciting, but they could provide workers the woodwork on the mobile version. good acquisiiion, bad acquisition, weird acquisition? >> let me first say that i don't want to call them of failed start up. it is an incredibly good engineering team. >> they're not making a lot of money. melissa: are they going to go on the business because they cannot generate a profit? >> i don't know. melissa: that is where the failure comes from. great idea and marketing and buys, but if you do not eventually make money -- @% i'm going to put a positive spin on this. they have not yet become enormously successful, but i want to tell you that the leaders used to working yahoo. incredibly talented engineers, and that the debt is the key. incredibly talented engineers to
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work there before and are likely this day after the acquisition. melissa: $50 million. technology that turns into video. i don't know why i need my web search to be a video. might use them to make their search results page look better. will this be eventually profitable? would this be a good bailout? >> my feeling is morrison has laid out the case that she wants to be a mobile first company, meaniig they want great mobile engineers because we know that traffic is increasingly becoming mobile. and what they're really after is engineers you could build great mobile apps. what usually happens is they shut down the product. melissa: and they keep the people on board which is where the phrase acqqi-hiring -- it sounds like there is water involved and everyone is swimming while they're buying the company, but that is where it is coming from. basically paying a million dollars an engineer to get this talent on board.
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okay. maybe that's worth it. great point of what it means. why this could undermine people who have been working there faithfully to make weekenddto the evenings, year in europe. the ships are deadline set by the death march into the trenches. these other resurrected the regular people. they're coming and sitting next to you. they made a million dollars. go do a startup. get some angel money and get yourself a big day monday competition, will the press. hire legions of impressionable people and come back and sell the company. it sounds like at least one of these companies that is exactly what happened. now they're going to sell it back. the people that really stuck it out, they're going to say thanks a lot. why am i here slaving? >> obviously i said all of that tongue-in-cheek. it used to be a million dollars
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per engineer. what their rumor is, yes who is now saying it will take 2 million. think it comes down to three things. number one is, if your the person who is in the trenches, six months in a row and then turn out this 16 year-old kid from england to sells the company to you for $30 million shut down next week. the sort of have to ask yourself, do i feel motivated? secondarily, that sends a message to meet. if i really believe in myself and and talented the message you're sending to me is quite and go do a start up. melissa: is that danger is? >> of course because if you hired ten people and 15 walk out the door and most of these don't work in the end. see really intellectual property added. melissa: 80 for coming on. good stuff. coming up on "money," you have for this and no publicity is bad publicity. under armor helps save the day in a helicopter rescue.
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the branding can do more than its share of damage. a top market the expert to explain what makes the critical difference when it's good and when it's bad because at the end of the day it's all about "money." ♪ we went out and asked people a simple question: how old is theolst person yove known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into tir 90s. and that's areat thing. but even though we're living longer,r, one thing that hasn't changed much is the official retirement age. ♪ t question is how do you make sure you he the money you need to enjoy all of ese years. ♪
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♪ melissa: they say any publicity is good publicity, but that is not always the case. over the weekend to teenage boys get stuck up almost 9,000 feet in the air after they made a daring i'll be down decision declined to the top of a clipping california. the video of the nauseating narrow ledge and a helicopter rescue straight out of the movies are the only image is the standout. look at that logo. you cannot miss it. free advertising, but is it necessarily good pr? marketing group route joining me now. what is your take? >> said think this is great advertising for under armor. you know, bad coverage -- coverage of a bad event does not equate to bad coverage. these kids are heroes. under armor is right there. melissa: i don't know how you see them as heroes.
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under armor is about tough, smart, athletes and know what they're doing. these kids that like cats that crawled up the wrong tree. look at them perched on a ledge. i mean, if they were my kids i would murder them. there way up on this legend say, we kept climbing and climbing and wanted to take a good picture and then realized there was no way down. so i don't know that these are the people that i where my product. come on. go do something dumb. >> he said the right thing. climbing and climbing looking to take a great picture. for millennialism these kids it has to be posed for the. nothing matters unless they can put it on facebook. they can. and as far as under armor is concerned, nine dozen feet up, 30 miles-per-hour wind. tt the of the kids gee hypothermia? this is not. i think this ceo should pay for the rescue. he should sponsor it.
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melissa: if i do something stupid want to wear something highly reflective so that they can find me. let me give you another example. let me try another one. what about the lockerbie jet bombing incident when one of the planners -- one of the people that had been convicted of the 1988 lockerbie bombing got off the plane to come home and it was in libya, greeted like a hero, got off the plane and is wearing and nike cap. look at that. and you see the logo as he is coming down. and this is somebody, you know, that so many people are furious with. is there any good case you can make at of this one? >> there are cringing on that one. we know is a global brand, and you will blame the company of someone chooses to whether a product. nothing good came of that one. that was advertising, not good, bad.
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melissa: how would you control that if you were in that situation? get as far away as you possibly can? >> exactly right. no one will assume that have squeezed the guys said too tight. nothing will come out of it. however, that is the kind of thing that when you say nothing you don't get involved and can save that ooe. you just let it go. melissa: thanks you so much. our money question of the day. good or bad? the majority of you said it is bad. he is disagreeing. he is trying to meet as of the television set right now. once a year from more of you. follow me on twitter. club next on "money," if you're spending tens of millions of your monoplane , the brochure better be aale to fly. details on the private jet taking sky high luxury to new heights.
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it is floating. that is the catalog. yap. much more of this coming up. you can never have too much "money." ♪ i rned 65 last week. the math of retirementis d. money has to last longer. i don't want to pour over pieharts all day. i want to travel, and i want the income do it. isres incomes et. low cost and diversied. find out why nine ouof ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishar for a prospectus, which cles investment objectives, risks, charges and eenses. read and consider it carefully fore investing. invrisk iludes possible risloss of principal.nses.
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myantra?ways go the ext. to treat my low testosterone, i did my research. my doctor and i went with axon, the only underarm low t treatment. axiron can restore t levels to normal in aut 2eeksn most men. iron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or whoay become pregnant and as uneected signs ofd contpuberty in childrenpplied or changes in body hair or increasedcne women may occur. report these symomsto your. te your doctor about all medical conditions and medition serious side effts could include increased risk medical conditions and medition ofrostate canc; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breast problems bathing while sleepi; and blood clots in the legs. comm side effects include skin redness or irritation where alied, increased red blood cell count, headache, diarrhea, voming, and increase in psa. ask ur doctor about e only underarm low t treatment, iron.
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okay, so first story, unbeknownst to most passengers, these pedi-cabi can chart almost twice as much as a taxi. the driver said that he was victimized for having his name in the press after a 425-dollar pedi-cabi ride. >> he was brought to trial because he tacked on $42.50. that is against the law and you cannot add a tax to a pedi-cabi. yet a tiny sign that says that every person that gets they katanas $100 a piece. and he said that i'm not going to give you a hundred dollars
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each beyond if you are a new yorker, you never get into anything without saying what is this going to cost me. you wouldn't hop in and find out what was going across your after-the-fact. >> a lot of people don't know. they don't realize you could walk those 14 foster friess. >> that is an hour or two in a stretch limo plus champagne. >> i don't even know. melissa: $100 per person. who would ever pay that? >> no one would ever pay that. no one in their right mind. melissa: this seems really dangerous. >> an exorbitant amount of money and you're taking your life into your hands. melissa: i'm sure that bloomberg loves him. moving on from a good marketing technique.
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a catalog for one of the largest airplane manufacturers in the world. yes, it is showing off a new private jet that the company has designed. can you imagine the money they spent on this? what does a catalog like this cost? >> i don't know how much this particular thing costs, but they said it is designed to look like a coffee table book. this is the luxury market area so it is not like they are passing out to just everybody. melissa: did you get one? [applause] >> no, i did not. >> in the 80s there was a crazy about superconductivity. they are not using superconductivity, but i think a better idea would've been a catalog that was brought to you by jerome, one of those nice little tiny helicopter guys.
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>> if they fly in, they can also take you out. melissa: that is the nerdiest response i've ever heard on "spare change." [laughter] >> okay. do you ever wonder how much our nations lawmakers are making? the two highest earners are nancy pelosi, 24.4 million, and house majority leader eric cantor. what do you think? >> he is making 4.4 million. >> how dare nancy pelosi criticize the rich. it's ridiculous. >> she is railing against the 1% and she can eat her own hypocrisy here. they have a lot of money, a lot of great investments. so god bless them. but do not attack everyone else. melissa: that is all the "money" that we have for you today.
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watch tomorrow and we have been calling from ben & jerry's. you don't want to miss that. "the willis report" is coming up next. thank you guys. gerri: hello, everyone, i am gerri willis. tonight on "the willis report", why did it take so long to get action on this fire risk of jeep vehicles? and do you know where your money is really going? and amtrak. dishing out lavish meals and you are taking picking up the tab. >> we are watching out for you tonight on "willis report." ♪ ♪
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