tv MONEY With Melissa Francis FOX Business July 19, 2013 5:00pm-6:01pm EDT
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2009 and at 600. i'm flat lining again. bought it at the low and high point. >> "money" is coming up next. melissa: here's what is "money" tonight, detroit's bankruptcy rocks the country. one of the biggest credders planning to get repaid. he joins us on the impending battle. plus, one of the original schindler's list up for auction. stay tuned to see who it is, even when they say it's not, it's always about "money." ♪
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>> jumping in with detroit's biggest creditor, the interim general counsel for the general retirement system for detroit, and i just spoke to him a few minutes ago. what is the best outcome for your group, do you think? >> caller: well, best outcome in bankruptcy would be that benefits that accrued for existing retirees and current employees are not diminished or impaired in any manner. melissa: that doesn't seem like what's going to happen, though. >> caller: it is certainly what we are hopeful for. there has not been a great analysis done from our perspective yet as to the assets of the city as well as projections with the restructuring pieces put in place, what the cash flow will be going forward. we are certainly challenging the authority of the bankruptcy court in light of the constitutional protections for
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retirement benefits. melissaa there's two pieces there. the judge ordered the pension fund, the case, should not o forwdin that, n that venorhas to ithdwal from nkrucy crt. youhinkhat'gointo std up cer: at s ia parlelcs;athoh, w ve ca pning i thecrui cortta have nw n expited reg sedu n a the is a eprar estrningorde in lc phibingor ay adviersfrom movgforwrd i e ce ntil th matr s resd. hese isues ee certaily into ecot of appea rei mcigan an probly likely on to the supreme court. melissa: do you do better outside of bankruptcy court than in bankruptcy court. bottom line, the city has no money. they spent a hundred million dollars more every year than taking in since 2008. the population greatly diminished. you know the story. there's just not any money to be had. do you think you do better
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outside bankruptcy? system, certainly, yes, we feel we can do better outside of bankruptcy. understanding, though, that the city has other creditors other than the retirement systems. certainly, we have to explore what's in the best interest of the city. we, certainly, are willing to sit at the table and have honest discussions about what al tern tifers are, although, we have yet to have those kinds of ongoing negotiations in good faith that we feel are prerequisite to a chapter 9 filing. melissa: you have not had conversations in good faith because we had the former mayor archer on last night blaming unions for not coming to the table to have forthright discussions and really putting things on the table in terms of cuts. do you feel like you came to the table? >> we certainly came to the table, althougg the last three -- the only three opportunities we've had to meet
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with the representatives were in the nature of presentation, not in terms of sitting down and having an across the table discussion as to what alternatives and proposals are. certainly, before we can give a counterproposal or other thoughts and suggestions, we needed access to the data. we needed access to the information they we lied upon. some of that information is not complete yet as of in this point in time, and, certainly, we had the information, much of it for the better part of three or four weeks here, some just in the last two weeks. melissa: push come to shove, what are you willing to give in i hear you saying you want to know what's out there to be had, but what are you willing to give? >> caller: well, you know, i can't speak for the client in that respect. we've not had the opportunity to complete the analysis to determine what we'd be willing to give. the difficulty is in recognizing what those options are are different, certainly, within a
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bankruptcy setting than outside the bankruptcy setting. outside the bankruptcy setting, we are limited by the provisions of the state constitution. in a bankruptcy setting, there's still a question of whether or not our constitutional provision and our governor has the authority to authorize that form of an action with regards to accrued retirement benefits and violation to the constitution, and within the context, whether a bankruptcy court judge would -- to what extend they allow the impairment to occur. melissa: tough and complicated issues. we appreciate you talking to us. >> caller: well thank you very much for the call. melissa: i want to go to the ceo of detroit's greater chamber of commerce. we also have jim, an attorney that specializes in municipal bankruptcies. sandy, what do you think is the best way forward for the city? >> well, unfortunately, bankruptcy is really the only route forward for us. it's an unfortunate that we let it get to this point, but this
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is -- this current course is not sustainable by any stretch of the imagination. your previous guest, michael, wants the peps folks paid, i understand that, but there's no money in the system now. we have to do something radical. melissa: daughter and drastic. jim, do you degree with that? >> yes, i think the real key to any successful chapter nine is not only adjusting the debt, but coming up with a recovery plan. melissa: sure. >> something to stimulate the business community, improve infrastructure and services so that business and employers want to come in, hire people, and people want to live there. without that, you've just continued the same problem, even though you may lower the debt. melissa: jim, the judge ordered the governor to take it back out of bankruptcy court. do you think -- i mean, obviously, they'll appeal that. how far do you think that goes,
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and do you think the city really goes into bankruptcy, or does it? >> one reason why no major city of any state up until now has filed chapter nine and found working with the state and others and out of court solution is because once you get into court, one lawsuit, one proceeding begets another, and, obviously, we see the complications. the last thing you want is a litigation meltdown opposed to a recovery plan to help detroit find its path forward. melissa: sandy, what do you think is the path forward? you're looking at the city right now with 40,000 buildings right now and homes unoccupieded, 36% of the population lives below the poverty line. the population went from 2 million people to 700,000 from its peak. i mean there's very serious problems. crime is on the rise. businesses are, obviously, fleeing, and most importantly, the city spent a hundred million
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dollars more every single year than it took in since 2008. what do you do to bring this city back to life? >> all right. well, all the points you mentioned were correct other than the point about businesses fleeing. there's been $12 billion of private sector investment in the city of detroit just in the last five years, 12,000 new jobs in downtown detroit in the last three. melissa: why is it double what it is elsewhere then? >> the unemployment rate as the city as a whole, and neighborhoods are a different story than in the central city downtown core. it really is a tale of two cities. the businesses are doing well. they are increasing. they have market share, bringing people in, and downtown is becoming a vibrant place that's investable. the neighborhoods, however, are struggling greatly, and -- the city itself, the city finances, that is the big challenge, and jim is exactly right. bankruptcy is just a tool. it's not the end and of itself. we have to use this opportunity
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of bankruptcy to restructure how government delivers services in a much more effective fashion. melissa: tell me what the answer is, sandy. >> again, just like the auto companies who went through bankruptcy, they just didn't go through and fix the balance sheets. they fixed the way they did business. they provided better services, or in this case, better products. the city needs to provide better services to attract, yet more people to come in, make the city safer, provide better services, and proving in the downtown core, that's possible. we're seeing the benefits of that every day. melissa: jim, it's about cutting spending and about generating revenue, and the only way to do that is create jobs. i mean, they have to bring in businesses with a lot of jobs, real headquarters. how do they make that attractive from a financial perspective? jim, what do you think? >> well, i think that's the key. , finding a recovery plan that
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will make sure there are educated work force there, improving your schools, it's part of the infrastructure, making sure business want to be there because just as sandy said making sure the environment is there, safety and otherwise, and one of the things, and it's been done in the past, you have to look at the city's size. it may be that they want to say there's a certain area that we're going to call a redevelopment area, and develop it, encourage business to move in, give incentives to people to live there, to give a business there, and give schools that are charged with oaking the work force for the businesses that promise to come and employ. there's a lot of examples of that. melissa: the key is you need to have somebody like google come in and say we'll build a huge building, employ several thousands people. you need a forward-looking company to hire a bunch of people. what can the city do tomorrow to make that happen? >> well, you know, but that's my point. downtown, that's already
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happening. you know, again, 12,000 new jobs in the last three years. melissa: not fast enough because look what's going on in the city. >> well, the hygiene factor, if you will of attracting that outside capital is the city finances. it's difficult for a business that may be located in chicago or l.a. to invest in the city that has the severe financial problems that the city of detroit does, and that's why we have been, as an organization, as a business community, really egging the governor on to put an emergency manager in the office. he's done that, we applaud him for that,s and bankruptcy is the best route forward at this point. if we have to do it, let's do it. melissa: and get the pain over with. thanks to both of you. next on "money," the chickens come home to roost for sac steve cohen charged with failing to stop insider trading. is one of wall street's kings about to lose his crown? stay tuned for the details.
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melissa: almost made it out clean, but steve cohen couldn't run from the feds. a shofort time ago, the fcc finally slapping the sac founder with charges related to insider trading, and according to reports, cohen is failed to supervise portfolio managers. they are after cohen for a while, months, and following the arrest of several former employees, here with the latest is "wall street journal" eats james friedman. he almost got away clean. almost up to the deadline where people said if something didn't happen by july, it was not going to happen. what do you think of this? >> yeah, and our news side of the paper reported this month he's probably not going to face criminal charges. there are questions about insider trading laws and how vaguely they are defined, but i would take this and drive it.
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melissa: why is it serious? >> a number of reasons. one, the facts he's paid over 600 million or the firm has to get rid of fcc charges on the underlying trades so, now, he's got a lot of money. this is a big fund, may be worth $9 billion, but 600 million to anyone is pretty large of money to give over to make it go away, so that's suggesting it's serious. the fact that the fcc does that add -- as an administrative hearing. they take cases to federal courts whee they don't need to to play to the cameras showing they are tough going to the court. i think the fact that this is sort of reasonable and measured and targeted and possibly a problem for him. >> do you think that it ends upturning criminal? >> well, i -- the people who actually did the trades are
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going to trial on criminal charges this fall. melissa: right, for him. >> they basically -- the question is sort of how much did he though about what they were doing, and was he just acting on information that he didn't realize was material in public. melissa: they have saying not. as a supervisor, he should have known, you know, only an idiot wouldn't realize the information was coming from somewhere where it shouldn't have been. for him, does it turn criminal? do they get information on it? >> no, i mean, this, i think in that way, the fcc, they are not over reaching here. we'll see whether there is, from the justice department, a criminal charge. like you said, the news side of the paper says probably not, running up against the statute of limitations, but this seems like something that probably is a legitimate danger for him because the record, what's come out so far looks bad. now, there's a presumption of innocence, they go to trial probably in the fall, but what
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you appear to have it people in one case, a doctor participating in clinical drug trials paid to tell traders how they were going. they were then trading in the stocks of the drug companies, and, of course, you know, we should say prosecutors lately have done very well on insider trading prosecutions. again, not so good on the mortgage stuff where they are pursuing political agendas, but these they did well. >> what's the punishment? what could happen? >> i think the main fear for him is he's barred from overseeing funds, and then they would either have to shut down or he would have to leave the firm that he's built, and now most of the money in the firm belongs to him and his colleagues, but, still, you're talking about billions of dollars that he now manages for other people, somebody else would have to look after it. >> yeah, amazing. all right, thank you so much. have a great weekend. >> you too. melissa: coming up on "money," house flipping making a roaring comeback, shunned after the housing market collapsed, up 20% already this year, and the head of one company making a killing
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♪ melissa: whether it's wall street or main street, this is who made money. some days a person loses so much money, you start with them. today, that's bill gates. microsoft stock with the worst day in four years with a huge miss on second quarter earnings, hammered more than 11% as a result. gates is still microsoft's
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biggest individual shareholder with about 401 # million shares meaning, wait for it, he lost $1 .6 billion today. that's rough. making money today, anyone who owns chipolte, it never tasted so good, seeing strong growth, and consumer traffic and sales. the news sharing leaping more than 8%, very nice. hoping to make money, six current football players, first active players to join in a lawsuit against the ncaa, seeking compensation from ncaa and ea sports using their names and likenesses, huge implications for sports. we'll watch that, you can bet. forget buying or selling, but flipping homes is where it's at. prices up 19% since this time last year. there's big money to be made, so is now the time to get in on the action? joining me now is john heeick,
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ceo of gorilla capital, and real estate expert, michael corbit who wrote "find it, fix it, blip it," thank you. flipping is your business, buy homes, fix them, and flip them. is now a great time to be in the business belter than, say, six months ago, two years ago, and maybe better than a year from now? >> melissa, started seven years ago, buy houses, fixing them up, and selling them, and it was a great business seven years ago, a great six two years ago, six months ago, and we enjoyed the business, growing over seven years and plan to continue to grow. melissa: john, john, i have to stop you. you are losing credibility with the audience because people got killed flipping houses when the bottom fell out. prices went way down, they are on the way back up, interest rates are on the way back up, and for a regular person who
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maybe this is not their profession, is now a particularly good time to do this? another shot. >> >> oh, ouch. i'd say -- i would say it's dangerous. it's land mines. it's dangerous. i would never advocate for anyone to do this as a hobby. it would be very, very dangerous. you've got a lot of problems. you buy houses as-is, you check the title, buying a first lien and, you know, there's a lot of things that can go wrong. there's a lot of land mines out there. melissa: yeah. michael, what are the land mines? if there's somebody watching who want to get in on the business because they see a lot of bargains in the neighborhood and think they are knowing what they are doing. give me do's and don'ts. >> there's bargains, and they see a lot of success stories as john's company, very smarted, a big company, a lot of cash, the resources, and they know what they are doing, something the individual home buyer does not
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know. now, granted, we have seen prices nationally go up, according to trulia's price monitor, almost 10% in the markets this past year, but that doesn't mean that going into doing a flip for yourself as an individual homeowner, you need cash. you need to know what you're doing. there's a lot of risk involved because as people will say, you make your money when flipping when buying. you have to make sure you get a property that you can actually add value to and then sell for a profit. melissa: interesting, you make it when you -- you say you make it when you buy because you have to know when you are getting a particularly a great deal. >> exactly because before you buy that property, you have to know a great idea how much you'll sell it for and work your budgets accordingly. there's a lot of risk. it can be done. it's very lucrative, but for any individual, like yourself, you wanted to do it, you know what? if you can't devote some full-time to this for six months and have extra cash and pad, it
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may not be in the -- keep your day job. melissa: john, what's the biggest mistake you see regular people making when they do this? >> well, the biggest mistake is paying too much for a house. that -- and, you know, micah's right. you, you know, you have to buy them correctly. you have to know the costs, and if you don't understand your costs, you'll pay too much for a house. people pay tooomuch because they don't understand the costs. you know, we know exactly how much it's going to cost to remodel a house and what to sell it once we're done with the remodel, and we incorporate the 13% gross profit into it, and we can understand our maximum price that will pay for the house. melissa: john, how do you know what to sell it for once you fix it? the costs in the neighborhood move around in different directions. how -- you say, when you buy it, i understand you know from research what your costs are imoing to be, but how do you know what you sell it for? >> well, we know what we'll sell
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it for because we do not anticipate any change in the market. we're going to hold a house for 90-120 days. the average hold is 104 days we. look at the market comps, and we know we fix up the home, make it the nicest home in the neighborhood. it's going to fit in with the neighborhood, but new carpet, new apliepses, new kitchen, a new floor plan, a wonderful home, and so e we know we are the first ones to sell in that neighborhood. we know what the time price is going to be because other homes in the neighborhood are not as good as our home. melissa: michael, how do you know where you want to do this? >> well, you know, that's a great question because when you buy a house, you're not just buying a house, but buying a neighborhood. one of the keys i give to people is saying that if you want to sort of add a little extra oomph to the flip, get neighborhoods on the rise. there's ways to do that. i joke and say, hey, if it's a transitional neighborhood, see if the starbucks is in there. they do a lot of market
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research. when you see new businesses coming in, you want to know that that is a neighborhood on the rise. same thing, find a neighborhood with crime going down. that's another great way to boost that extra little bit, but john's very right. when you buy a house, don't bank on market appreciation. you want to know that what you're going to sell that house for, once you put in all the costs, is going to get you a price that's comparable to what's out there today. melissa: michael, would you invest in detroit now? we're out of time, but i have to ask. >> you know, i thought about that, i was thinking about it this morning, if i could buy a whole block, i'd get a bunch of friends together, buy a bunch of townhouses there in detroit, and it would be a great thing, great for the city. i think it's a great time to get in on the ground floor. melissa: john? >> yeah, i think any time, you know, buy on bad news; right? this is the time to buy in detroit. melissa: interesting. i hope you come back. i'm a skeptical person, and that was a lot of great information. thank you. >> great, thank you.
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>> see you, mel liz is a. melissa: next, the most famous item up for auction in modern history. how much would you pay for one of the original schindler's list, the man behind the sale has details. plus, everyone has their price, and even the most beloved celebrity, not me, one of the hollywood's best kept secret, and you won't believe what they are doing if the price is right. piles of "money" coming up president ♪ every day we' working to be an even better company -
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visit boostup.org and take the first step. ♪ melissa: one of the most monumental pieces of history up for auction. an original copy of schlindler's list, a list of a thousand jews oscar saved from the nazis is on sale on e bail of all places, one of four existing copies, expected to catch at least $3 million. would you entrust something this valuable, though, to ebay? eric, one of the sellers joining us now. why are you doing it on e bay and not some private auction? >> you know, that's a fair question, melissa, and, of course, people asked about that. ebay is a great marketplace. over a hundred million worldwide
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people, and one of the other things i like in compared to the traditional auction houses is there's no buyers' premium. bidders can bid more on the site. melissa: interesting. i know the reserve price is $3 million. what do you think you'll get? >> you know, recently this last april, a dna letter written by francis crick fetched $6 million at auction. i think historical documents, particularly of this significance, are hot now. the sky's the limit here. i think $3 million is a fair opening price here, and there's already been quite a bit of interest the last day. melissa: tell us the story of this particular copy, where it's been, who owned it, why it's sold now? >> sure. i can fill in a little bit there. so it's the right hand man, and this was his list. it was in the family for many, many years. he gave it to his nephew. the nephew actually sold it to its current owner, so there's a great providence with it, very
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authentic, and, you know, we're excited it's now available for someone to actually buy as an investment or donate to a museum or admire it in their collection. melissa: who do you think buys this? i mean, would it be a museum or do youuthink that, you know, a private anonymous collector wants it and keep it, you know, tucked away? what do you think is likely? >> i think it's more likely that a collector purchases it and perhaps loaning it to a museum to have op display, but still have the, you know, collector's interest and possible investment interest with it. we've sold a lot of other rare historic items, and usually, it's someone certainly who is, you know, can afford it and they got the investment funds to put towards this, but r you know, again, they very well will, you know, provide it to an institution so it could be displayed publicly. melissa: i know it's offered for 2.2 million in 2010 and in this
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case, they have to cough up $10,000. winning it via wire card or papal, no return or exchanges, but coveredded by buyer protection. what does that men? >> we want to, you know, obviously establish this is for real, and, certainly, a quick deposit is a good way to assure they are serious about going through. we're doing really strict bidder prequalification. it's not just something that anyone can jump op the computer there and throw in a bid. my whole staff and i are very closely monitoring to make sure someone has the available funds and they are serious of following through with payment in a reasonable amount of time. melissa: you can tell i don't buy a lot of stuff on e bay, item location in israel. what's that mean? >> the winner will go to israel, they will actually take possession of it there. we want them to feel secure they
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are not just sending money and disappears in ethos. we'll go with them, be with the handover of the letter, they can be assured they are getting what's promised, and we want to make it safe. we think having a local pickup, obviously, the cost to go to israel is minor compared to the price of this investment, so we felt that was the safest for both the buyer and seller. melissa: interesting. can't wait to see how it turns out. irk, thanks for coming on. we'll be watching. >> thanks. melissa: coming up, varney should check twitter more often, his own. i daredded users to storm the set during his show. he got a surprise he never saw coming. we're going to show you how that went down this morning. i had a blast. at the end of the day, it's all about "money," twitter, and shocking varney.
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a twitter inspired ambush on the show did the trick. watch this. >> what's going on? >> how are you? have you been watching twitter at all? i'm here to storm your set. >> storming my set? >> you have no idea what i'm talking about? >> no. >> roll the tape. >> what? >> this is the all-star game at citi field where a fan rushed the field. he was taken down by security guards, did it because he tweetedded if he got a thousand retweets, he'd storm the field. big whoop, saw that a million times. listen up. if i get a thousand retweets, i'll run on to stuart's set in the middle of the show. >> what? >> yes. >> what? >> yes, i'm here. thank you. thank you, all, for the retweets. cheers, cheers, cheers, stuart. this is your fans. i'm taking over, i'm here forever. i'm just kidding about that part. [laughter] that was not funny. stuart did not think that part was funny.
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the fans have spoken. >> that is amazing. >> isn't he a good sport? he had nod why. he's not pressing charges. well, i don't know, there could be cops outside the studio. i have to figure out the next twitter dare. that was fun. thank you for helping me pull that off. okay, let's talk celebrities, not the latest concert or movies, but the freelance work and private events that top celebrities are hired for like, i bet you didn't know that entourage star was hired to carry a dessert tray at a dinner party for $50,000. celebrity booker who dealt with all sorts of bookings joins me on the show. welcome to the show, steve. >> thank you so much. melissa: this is incredible. understand when you pay a celebrity, jay z for example supposedly paid $3 million, kayne to sing at a sweet 16,
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some bill their, the idea of someone paying a celebrity to come out and carry a tray, does this happen a lot? >> there's a misunderstanding. he probably did carry the tray, but really what they did was bought him for 60 minutes of time as a meet and greet and did it. that was probably the gimmick to surprise the guests. that's why they do something like this. it's a surprise for somebody so they want to create a cute way to bring the person, the celebrity in. melissa: it's their favorite celebrity? if you're at home, how do you figure out who to call to get your celebrity. >> if you go to bookingintertapement.com, one of the sites online, come to our sites, fill out the form, and we'll get you what you want as long as it's in the budget. melissa: do you know their agent, reach out, and it's that kind of thing? >> we reach the agents, but we have a relationship and history of being able to do these things well so the agents trust us to do the stuff, and we're more than happy to facilitate it for anyone else. melissa: this one, i bet there's
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not a track record for what, you know, would cost. somebody says i want this person to show up, whatever, so how do you figure out what the price point is? >> comes down to going to the agency's, asking him what they think it takes for something they are interested in, there's a quote, and then you go back to the client and see if they are interested. >> it has to be tough. you want the lowest price possible, obviously for the deal, but you don't want them to hang up on you. >> it's relative. you know, $5 to you is $500,000 to someone else. high net worth individuals, corpses, they have the money to do it, they are happy to do it. melissa: for parties and those sort of things, people go over the top. why would a company do something like this, are they looking for something different? >> i think it's separating the company from other companies. they can associate themselves with the artist, and also the employees that work there, if they have a huge artist come and perform, it's cool for them. it's a great place to work, adds to the atmosphere, and great for
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the companies to associate themselves with something hip and cool. melissa: these are pretty amazing, you know, a quarter million dollars for usher to turn up and sing "happy birthday," i get that, but dennis rodmannd.j.ing a party? i don't know who hat helps, but i don't know, could be fun. thank you so much for coming on. appreciate it. >> thank you. melissa: steve, thank you so much. h's r here's the question of the day. who would you pay to attend a party of yours, and what would they do? wow, so many of you had great responses. i love it. the best was jimmy kimmel to tend bar. love that. if you were alive, milton friedman to take my relatives to task for their chicago democratic polemics. i love that. i would pay melly is a francis to read from her book and talk about little house and give money advice. we are make that happen. call me agent. i'm thinking of a number right now. all right.
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especially if you have high cholestol plus any of these risk factors because you could be at increased risk for plaque buildup in your arteriesver time. and that's why when diet and exercise alone aren't enough to lower cholesterol i prescribe crestor. [ female announr ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctorbout oth medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. is your cholesterol at goal? ask your doctor about crestor. [ female announcer ] if you can't afford your medication, astrazeneca may be able to help. ♪ melissa: it is time for our
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friday fun with spare change. thank you for joining us, happy friday. all right, first up, here is a money weight loss plan. paying real gold to lose weight. for every 4 pounds, they get 2 grams of gold, worth about $90. lasting for 30 days at the end the top three winners each get a gold coin. is that a lot of money to people in dubai? >> the first thing i thought was we need to do this here. this is actually brilliant marketing. they call it worth your weight in gold, which is a great tagline. and they have corporations sponsoring this effort. i think it is a great idea. melissa: what do you think?
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>> i wonder if there's a way that you can be weighed a few times. i think it is actually brilliant. they have done things in scotland like the beer goggles, what it would look like if you drank too much, bring people down, i think it is a great idea. melissa: so this one is fun. in celebration of national ice cream month, baskin-robbins researched what your favorite flavor says about your personality. if vanilla is your top choice, you're more likely to be impulsive. or mint chocolate chip more likely to be argumentative and cheap. i don't want to move a lot of mint chocolate chip. what is your favorite flavor? >> they did not have mine, cookies and cream.
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how do you not have cookies and cream on the list? melissa: mine is chocolate chip. >> that is really th. >> they didn't have bacon flavored. it is my favorite, the only i will eat. there is a place where they actually make it, it is homemade. i will bring it for you, i promise. melissa: who knew. surfers, check this out, these wetsuits are designed to protect you from sharks. new research suggests sharks are colorblind. supposed to make swimmers invisible. black-and-white make them look poisonous to sharks. is this a false sense of
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security? >> i feel like people would be too adventurous because if you are surfing or a scuba diver, more than likely you are an adventurous person anyways but somebody may get too close with a camera. sharks sense motion. if you are going to do that. melissa: may be the chocolate chip cookie lovers should not go in. >> i just want them to develop something for real estate where you have a wetsuit that wards off unwanted clients. melissa: i like that. check this out. the owner refusing to make way for homes the developers putting around it and now it is surrounded by a moat. if a 10-year legal battle, the homeowner says he may move after
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all because he is ashamed of the shabby home next to the new ones after he built the moat. >> i could sell dirt 28 dirt salesman. it was a developer who built the moat around the house. to keep this guy in. he basically created this because they wanted him to get out. i've never seen somebody because they could not keep up with the joneses. >> it is so crazy to say i am not forcing him out. he built a moat around his house. melissa: maybe he will make a fortune anyway and have the last laugh. some thoughts on george zimmerman's verdicttand the american past time. >> what a week of aftermath
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starting with the george zimmerman verdict and then major league baseball all-star game, there they were, playing america's pastime crammed to the rafters. that makes the headlines for about a baseball group causing trouble, we can call it writing, but it was just vandals. what do you make of all of this? what i made out of it was most of us want to get along, 42,000 people, and millions at home were giving a standing ovation to rivera giving him their praise and admiration. they just saw a good man. you may not know it, but rivera has put up a number of schools and churches around the country. it was nice to see people come together and recognize him for the content of his character and also his pitching ability. melissa: be sure to watch the tom sullivan show.
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thanks to both a few, have a terrific friday and a terrific weekend, we will see you back here on monday. >> hello, everybody. tonight on "the willis report." a dna test to know your medical future. also tracking teenagers when they are behind the wheel. how do you do that? and 95 years old, more fit than men have his age. he is here to tell us. we're watching out for you on "the willis report." that and more coming up, but the top story, the battle is
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