it should raise. neil: that is a an a yes. >> guys, we'll continue this tomorrow, go right. thank you for joining us. melissa: i am melissa francis and here is what is "money" tonight. a question you would hope you would never have to ask but the crash by asiana airlines show it is done with frequency. plus, eliot spitzer and anthony weiner disgrace the reputation but is pure addiction to power fueling their political comeback? which infamous wall street member should be the model for what they are following? and who made money today? watching to find out who it is. even when they say it is not, it is always about "money."

♪ melissa: so we start with a question you probably never asked before taking a flight, how experienced is your pilot, how many hours does he spend flying the plane you are flying right now, did you ask before you took off? we now know at the helm during asiana airlines had never landed a boeing 777 at san francisco ranch national airport and only 43 hours experience flying one under his belt. what you don't know could put you at risk. joining us now, former ntsb managing director and active commercial pilot who also publishes the website

jetwine.com. thank you for coming on the show tonight. >> thank you for inviting us. melissa: this story has revealed a lot about pilot training and how much is done on the job making a lot of people out there very nervous. what are the rules? >> in this case you have the first officer who has extensive flight experience in a 737 moving up. every pilot wants to do that, the bigger the plane, the more money you make. in this case the question is not only what was the copilot thinking allowing the speed to bleed off to almost 100 knots, what was the flying captain, the captain in the left seat doing, what role was he playing? the accident is completely inexplicable. melissa: as passengers i just flew over the weekend, we have it in our mind the person who has our lives in his or her hands has been flying forever

and practice landing and practice taking off and goes in and out's of the aircraft you'd when you think of the logic of that it would cost so much might have pilot flying around empty planes learning how to do it correctly with these enormous planes, that is not realistic to how often is it you are out in the air and you have no idea your pilot could be landing aircraft for the very first time it >> luckily in the united states doesn't happen very often. of course the training these pilots did get, you cannot completely comment on because i don't know where they were trained. for u.s. pilots, they spend extensive time in flight simulators that fly similar to the aircraft itself. when they go out on the first trip they haven't experienced pilot beside them, like an extra instructor with them during the first 25 to 30 hours on the line.

normally you would never have an inexperienced captain paired up with an inexperienced copilot. as peter rightly said, what in the world where these people doing, you may know more about this than i do, but the two pilots should have been in the cockpit landing as well. liz: it does not make me feel better he has been practicing in a simulator. that sounds like a videogame. we liken this to the surgeon who goes in and performs his first surgery or the first appendectomy. everybody has a first time, the person who needs the appendectomy. i had not applied that to flying as well. they don't necessarily have information, is there any way to get information about the pilot you have piloting your plan? >> they had thousands of hours

in a 737 and probably made thousands of landings and takeoffs. he was a qualified air transport pilot and he was flying with an experienced 777 pilot. this is an accident they will use in textbooks and the captain will discuss it. cockpit resource management. melissa: how different are those planes? a 777 is very different, it has two decks, a different length. if you are flying trying to land visually, i'm not a pilot but i understand in this case that was the scenario, it is a different height and size and length, how relevant is it he had been in a 737 for thousands of hours? >> it is extremely relevant.

as peter said, this will be a watershed event in our industry. everybody who travels aboard airplanes will wonder, but we will find the training they have flying in a kind of an airplane, gives to the experience to know what the landing runway is supposed to look li when you're looking out the cockpit window. when you are close to the runway, it is a little higher or little lower but the essential picture that tells the pilot when they're landing visually you are very, very high or very, very low is almost the same for every kind of an airplane. melissa: obviously it goes without saying it was a human tragedy, incredible toll on the people involved and there will be huge financial bill for everyone involved, so i think this is a question we will have for some time.

we appreciate your insights. here is our "money" question of the day. response is about 50/50, many acknowledging that had to be a first time at some point though just as many said they would not want to even know if there flight or landing was there pilots first. wwe want to hear from you. next on money. train derailment spiking fears of moving oil by rail. how to change the fate of the keystone at pipeline. plus, massive violence in the streets of egypt, a killing spree hits the military against the brought the muslim brotherh. more "money" coming up.ñíw@?

melissa: from planes now to trained in the deadly derailment in canada. canadian police say the death toll is now 13. after a runaway train carrying crude oil derailed and exploded this weekend. it is a significant impact because more and more oil is

being moved by rail. this could have a critical impact on the future of the keystone xl pipeline which is hanging in the balance. welcome to the show. richard, i want to find out exactly what her expertise is because it is impressive, you are a railroad operations and consultant, certified engineer with over 30 years of railroad experience. a contract administrator, you have training in accident reconstruction, based on the details you have heard so far, what do you think happened.

>> last we heard was there was a runaway involved, very complex and troubling because trains are not supposed to run away, there are too many failsafes involved. melissa: they are turned off, one was still powered up and that is standard operating procedure, the power was holding the air brakes in place for the other trains. now 13 people dead, town has been decimated, does that sound plausible to you the final card the power failed and sent them all scattering? what do you think, is that possible? it doesn't sound plausible. you're probably talking about the locomotive. it supplies the air to the tra

train, the train each and every one has a train line much like a hose that attaches one to another that is supposed to hold these cars in place, if you park them for the night or whatever you call it, it is supposed to be tied down in such a way that can't possibly happen. melissa: do you think it is sabotaged. >> who can say at this point. this is just not supposed to happen. when you tir type train up for e night, put chalks under it, hand breaks tied under certain number of cars. melissa: you're followed the industry for a long time, the number of accidents that have happened have increased, but also a number of shipments have increased so much because we are shipping so much oil around the country with more demand, is

this a safe way to go in your opinion? >> i think rail should be a safe way to go. not as safe as puttin it in a pipeline like the xl pipeline, but we have to find out what happened here. it did not make the train move. the trench not have been moving, and insurance company and decorators will look really hard at what the procedure was to see what happened. it would have been a tragedy regardless of what was on the train. it is not a more explosive than biofuels. melissa: is this a vote for the keystone l.a xl pipeline? typically not a lot of people nearby, at the same time people say a pipeline is a target for terror.

give us your opinion. >> do not think it is a very good target because it is underground. maybe some pumping stations, valves and so on, you would have to clean it up but as far as terrorist targets i think an underground oil pipeline is not a very probable one. melissa: how difficult is it to transport oil by rail? 99.997% safety record. they are not exaggerating those. we has a number of accidents increase in the past three months, five derailments for the railway and their safety record. they have a recent record of problems, what is your bottom line, how safe is it? >> there are millions of rail cars moving yearly over the nation railroads.

the only ones you hear about is when you have a tragedy like this. talking about airplanes when you have millions takeoffs and landings coming only hear about the one that really goes wrong. the same ting with the rail industry. melissa: thank you for coming on and sharing your insights. time now for today's fuel gauge report. traders are keeping a close eye on the crisis in egypt. crude snapped a winning streak settling down $0.08. meanwhile, natural gas prices for the fourth session in the past five, according to new forecasts, hair-raising outlook for natural gas demand in homes and businesses. fire up the air conditioners to stay cool. also, the national hurricane center, tropical storm reform in

the next couple of days. increasing storm activity in the atlantic and the gulf of mexico next on "money," egyptian prices sparked a massacre. is it time for the u.s. to finally get off the sidelines? we ha new developments. we ha new developments. don't go awa when we made our commitment to the gulf, bp had two big goals: help the gulf recor, andlearn fd so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all oudrilling activity, twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely.

safety is a vital part of bp's commitment to america - and to the nearly 25000 peopleho work withs here. we invest more in the u.s. than anywhere else in the world. over fifty-five billion dollars here in the last five years - making bp america's largest energy investor. our commitment has never been stronger.

melissa: and now to the early morning massacre in egypt. at least 50 people are dead, more than 300 injured after a violent attack between protesters and the military. the crisis is getting worse by the day. the former deputy assistant secretary of defense for public affairs and a fox news national security analyst. thank you for coming in to do this.

you were talking about the fact we haven't used the money weapon, the aide weapon appropriately. what have we done wrong that because desktop are impacted all of these things happening, the death and destruction going on. >> we give aid to egypt. the military does not do as well and we could use that to get the kind of behavior we want. for example what the menstruation should have done in the early days of the presidency was to go to mubarak and say we want economic and political reform, but we never did. instead we pulled the rug out from under our ally, obama, mubarak and say you only have a little bit of time. slowly start dismantling the elements of democracy question

the parliament. put his own people into the military, taking away e civil and equal rights. what we should have done is say we give you a lot of aid, we will take that unless you install democracy. instead, we gave him equipment. they say morsi is your guy, america, it is your fault. melissa: and we're seeing a lot of fal fallback. a lot of backlash as if we were instrumental in all this, but i can hear voices on the left saying how is it our business to going to a country and say to a democratically elected president you must do this and this or else we will not give you any money. aren't we giving them aid because we are humanitarians and we care about people who are hungry? >> that money buys us a seat at

the table. we don't give aid is just a gift, we give it as a tool. i look at any kind of aid and say what is in the interest of my country, what is america's interest? america has an interest in peace in the middleast, after the war of 1973 the big achievement he made was egypt became an american ally and as result gave assistance and for 40 years as a result of that egyptian economy is driving as well as the israelis. melissa: what can we do to turn it around right now? >> we have a huge leverage with this, they have import. melissa: they would starve without food from the outside.

>> you got it. it is difficult for security and stability e country needs to craft the all-inclusive government and most importantly to have the security you need to recover. american aid is important, big checks coming from the gulf that has not given money because they have not liked the muslim brotherhood aspect. if egypt can be stabilized and can create an all-inclusive government, you have a strong and vital government. melissa: this is the essential question, the problem looking at this, how do we pick out the person to say do this, here is the money? >> writes now they have taken away power and they should have done that, and may have goen on the freem train a year ago,

but that train was going in the wrong direction so it is good he has been replaced. what lb has talked about is those who have replaced him, chief justice, supreme court, they're very close to saudi arabia. one was the defense, will saudi arabia open the checkbook? if not, you will see a cycle of violence and revolution and counterrevolution and think egypt is more like pakistan and egypt like turkey, for example. melissa: thank you very much. tonight on cavuto, talking with henry kissinger about the turmoil in egypt and the fallout for security in the middle east at 8:00 p.m. eastern the man himself.

next on "money," employment at a record high. few and far between, earning season kicks off today those factors could actually be saving corporate bottom line. we will explain. plus, a sister will follow. eliot spitzer and anthony weiner disgrace not stopping a come back. we have a psychologist to weigh in. piles of "money" coming up. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision.

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♪ melissa: whether it's on wall street army street, here is to make "money" today, everyone who owns netflix. billionaire investor carl icahn, netflix and cbs are extending a multi-year licensing deal. subscribers will get expanded access to cbs content, including csi new york. give me a thumbs-up prom investors, netflix shares rising. about three nap%. carl icons about 10% stake. that means he made $44 million today. pretty nice. might soften the blow. meanwhile, losing money, anyone who owns intel.

three separate analysts give lackluster forecasts about the future. pc sales tumbling. casting doubts about the push into mobile devices. a warning sent shares sliding more than 3 percent on the day, getting a whole bunch of "money" from the world's richest man. investing $40 million in of the song advocation application. a few million. on to our economy. what chance that we have earnings season will give us the much needed boost we are so desperate for. alcoa king of second quarter earnings reporting results pretty much right in line with expectations. we need the growth as much as we need jobs, but something you may only here on "money" is how or why the lack of jobs could actually help rally the recovery ih as chief economists is here with more. the star with the news of the day, alcoa. it is all about aluminum. it tells you a lot about what is going on in the world and

various economies. what did you glean from the report? >> well, as you say, it is consistent with a global recovery matt is chugging along, probably the way to save it. it is not going gangbusters. yes, i think this particular earnings reports suggests that companies are being careful. they're also being observant of the fact that this recovery is here to stay. the sequester and all that kind of stuff. here we are in the recovery continuing. exit to of the absorbing that nba and accordingly. melissa: part of being careful was the idea that they were hiring part-time workers which is not good for the average person watching a tone. i can do more with less, hire

part-time workers, and they're learning to live like that google long-term. good for earnings, but now long run it is bad for the economy because that part-time worker i don't think is as productive as somebody who is their full-time. >> i agree with you. th cannot continue. my guess is as the economy picks up a little more steamed toward the end of this year those part-time workers to become full-time. often companies will do that, bring in someone part-time to test the mouse. melissa: we have been saying that for a long time and saw on the employment report that part-time workers are at an all-time high. waiting for that transition. people have been waiting for that transition. now i'm starting to think we have been waiting for so long the companies are just deciding maybe they have become more productive, automated. they may never hire all of those people back. >> you're right. it is entirely possible. the good news is that full-time

work is so increasing. it is a little bit of both. companies are being careful, no question about it. managing earnings carefully which is in a sense good news. they will be able to have the resources to grow. it is not all bad news. your right. they're is a silver lining. melissa: what do you see happening for the rest of the earnings season? what are for? that is really the thing that economists especially listen to about what is happening but the rest of the year. what would make you nervous? >> well, what would make me nervous is, in fact, if all of the emphasis is on cost-cutting. so topline growth is crucial, as you know. bottom-line growth, if there is a nice balance or little more

emphasis on topline growth, that would make me feel better rather than all the emphasis being on the clout cutting. melissa: the yield is creeping higher and higher and higher. people at home that do not care about bonds, what that tells you is it is the nervousness barometer. the fed trying to keep everyone call man trying to keep everyone thinking that they are in perfect control. meanwhile, we are watching this ticked up and up and up. having less faith and confidence how do you interpret that? what do you think it means? should we be nervous? >> the markets have overreacted. he think about what the fed release said and to, i mean, tapering -- all that means is you're taking your foot off of the accelerator ever so slightly in terms of the effect on yields , the analysis that we have done suggests that this ten year should be 30 basis points lower than they are now just

based upon fundamentals and what the fed might do. i think markets have overreacted my guess is he'll will come down sometime in the next few weeks or so. melissa: they think the economy cannot stand. we will see. thank you for coming on. always great. moving on to the power of "money." former new york governor is back in the political spotlight. he is planning to run for new york city comptroller, and he is not the only disgraced politicians getting back in the game. a former congressman is currently running a competitive campaign for new york city mayor what is it? are they just addicted to power and "money"? here to break it all down. welcome back to show. >> it's good to be back. melissa: why can't these guys stay away? you look at somebody, incredibly wealthy and capable and could do anything.

he can't stay away. what is the psychology that these guys have to get back? >> and they seem to have no shame which drives us crazy because we don't get it. most of those with higher our head in the sand. research has shown that there are those among us to have a high need for power. once they get it is continues to increase in becomes like a drug that they cannot get away from. you are seeing that play out. only had it for two years. spitzer, less than one year and he was on a show and doing all kinds of other stuff. what happens is they gravitate to these positions of power. embraces, levitt, validated because they were elected. they feel popular. they feel empowered and untitled and just pass a way. melissa: it always seems like ripping the scab off again and again. and they are for it. their families are forced to live through the scandal again.

as soon as they come we all start talking about it. i don't know if he could get another job, what his credentials are. i have met him many times, sat next to him at dinner speech he is charming and bright. the kids for sure do a million other things, but i cannot stay away from the spotlight. is that what makes and successful? >> part of it is dna drive. they cannot stop the door turned off. part of that, these guys are characterized by the need to assert control, be dominant. that is part of what allows them to beat people up and take estes and not be ashamed. for them it is not ripping the scab off. for the families and the rest of us, we feel that. melissa: what is it about the psychology of the person that is successful in politics that also has this need to chase women. these things go hand in hand.

they needed attention from the outside, both in the political realm, but they also need whenever it is. they need this -- they need this sexual feedback all the time that women love them as well. >> is a kind of a way to assert dominance in a sexual way and makes them feel powerful and like they're doing something. these guys are also risk takers. they enjoy that. this is risk-taking behavior. how are you going to get away with this? twenty-four hour news cycle and social media, but they're blind to that. that is what makes me worry. you have to ask yourself as a voter, is that risk-taking behavior going to manifest itself in negative ways.. melissa: there are oth people who have been publicly shame. i mean, you talk about somebody who went to jail and then came back and has had a magnificent career doing incredible philanthropic things,

professionally very successful. within the financial world has really rebuilt himself and totally rejuvenated his image. it is a different way of going about it. why is that different? he was also a public figure, wealthy and powerful and also somebody who needed a lot of feedback and power and control. >> see alsopent time in jail. we have to remember that. he actually did go to jail and then came out and realized, you know what, i'd pay a heavy price these guys paid prices where they lost their power. that drive-in that need for control and power and a positive way by placing hundreds of millions of dollars for medical research, reaping 85 reshaping his image. giving back.

>> he has made a lot of incredible investments. thank you for coming out. coming up, when a baseball team is dead last, you will do anything to earn a few extra bucks. actual on field ads? outcry. this selling afghans? is it just good business? at the end of the day it is all about "money." ♪

♪ melissa: tis the season for america's favorite pastime of major league baseball, striking out big time with their fans. you would think there are enough active baseball games. nope. the toronto blue jays may be sitting in the standard, grasping at one very last add some three spaces and scratching at right on the field. can only be seen on tv and not by the players and the fans at the actual game. i guess i would not mind if the ads show something like this. that works for me.

for whatever reason that one does not bother me. critics say infringes on the viewer's experience. here's a talk about this final frontier in marketing and advertising. welcome back to the show. so they were up on the -- i will show my ignorance. the board's. on the backstop. it was a lot. added that get there. distracting. now they throw it on the field. >> here is the interesting thing. the first thing, technology has been there for years. the yard line, the yellow line. the technology has been there for years. melissa: they thought the fans would go bananas. >> the data across the line. >> the fact of the matter is desperate times in desperate

measures. if you're watching baseball chances are you gonna stop. could be used for a yearlong season pass to all of the cable sports camps. tired fans won't stop. they keep the ad on the edge of the field, that is no different than the world series. beckham get annoying. melissa: they have not crossed the line. >> on the edge to my dog thinks so. melissa: watching the game. i mean -- >> an entirely different argument. melissa: someone and i am wondering, do you even know this? are you asleep? you don't even notice. >> close to 40 percent of people watch for the ads. melissa: of lively.

football is totally different. a fantastic game, buu it is happening all the time. >> of the ad but baseball. melissa: 90% of the time nothing is happening. getting ready to go up. is that when you put the ad out? what good is it? how much "money" are they making? >> if they do it well they could make up part of a million dollars. melissa: what does that mean? >> doing it where it is not -- not only offensive to the viewers that advertisersre not going to want to get involved. melissa: angry at the product. >> light of a star with the uniforms. you could advertise. and that could be bad. that can have something like you can see me from the fund with an optimal company. the umpires to wear for eyeglasses. melissa: why don't they do this?

>> if they stay in the background of this stuff on the field, that is not technically on the field. melissa: whatever. >> that is where the players play. that was the -- as long as they keep getng touchdowns. melissa: stoppage. i know what happens. i just care. and i am watching the game want to do anything else. thank you very much for coming out. up next on "money," gold plated. the world's largest got takes to the high seas. you have to see this thing. the mysterious owner of this 590-foot piece. new details of in "spare change." you can never have too much "money." you can have too much, though. i'm sorry. ♪

♪ melissa: a little fun with "spare change." we are joined by julie. thank you for joining us. >> that is a very beautiful tonight. melissa: mayor michael bloomberg. he is taking back the bloomberg terminal that he brought with him when he first became mayor. not sure why city hall ever needed them. i don't know who is trading

high-yield bonds, but whenever. now that the new mayor wants to keep them it will cost taxpayers $1 million. you cannot assist. think about this. he needs that revenue. >> this show has turned into account down on a daily basis. >> i did it. the city paid for them before you was there. laver then again, but some of that money as charity. it would be a nice gesture. melissa: the job of the ceo is different than the mayor. he has -- melissa: he is a billionaire. >> he has to answer to all of its shareholders to happen to be him. he is the shareholder. melissa: how about he just gives that. how about that. that was a great argument.

>> a great gesture. his net worth is equal to the federal deficit. melissa: i don't know how that came up. the biggest in the world. 590 feet. a massive price tag of $600 million. it is reportedly owned by middle eastern billionaire and it took three years to build. just a little perspective on how big it is. look at this. here it is. that tiny little thing in the upper left is the space shuttle. this new monstrosityust over took the clips. the world's biggest shot by 533 feet. who would not wanted? it looks like it can fit in my bathtub. melissa: ashamed and embarrassed. if i were a russian oligarchic would not take this lying down.

selig. you cannot let them. >> we don't know his name. an anonymous billionaire. anonymous era billionaire. 600 feet long. his entire harem can fit on this boat. >> as a russian myself i am ashamed and embarrassed. someone handed him. >> obviously you don't have a very large harem. >> i was pulled in. i was pulled into i really lame duck. there was this huge gap.

once again for the second time, looking to cool yourself. it in some areas of china. check of the house yet discovered more than 11,000 square miles of beach. beaches that are buried under 16 inches of this stuff. it is supposedly safe for beachgoers. melissa: they seem to be enjoying it. what do you think? >> i'm not sure what the big deal is. the house only covers an area size of connecticut. is not that big a deal. melissa: bulldozing in are taking it out? >> they have to take it out because it rots. melissa: isn't it already runs in? >> it is therapeutic and it is good for your complexion. the only downside is you are indelibly the color of chartreuse for the rest of your life. the look on his face.

melissa: take they got over the >> announcer: the folling is a paid advertisement for omega xl. if you've been living in pain products that just don't work, today, 1.5 billion people worldwide are living in chronic pain. don't let pain deny you the life you deserve. join hundreds of thousands of omega xl users that have chosen to fight inflammation and get rid of pain. now they're living life to the fullest, thanks to omega xl -- the all-natural anti-inflammatory that has more available omega-3s than regular fish oil. >> someone introduced me to omega xl, and i have almost