tv MONEY With Melissa Francis FOX Business July 20, 2013 12:00am-1:01am EDT
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qualify. >> we have to be careful of the bait and switch. we worry about obesity and everything else. hey, by the way, great panel, great aud >> "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 ot, 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 grup, 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 asse of the city as well as projections with the restrturing piecs pt in place, what the cash flow will be going forward. we are certainly challenging the authority of the bankrtcy court in light of the constitutional protections fr
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retirement benefits. melissaa there's two pieces tre. the judge orered the pension fund, the case, shouldnot go forward in that, n that the governor has to withdrawal from bankruptcy court. do you think that's going to stand up? >> callerthat was in a paralle case; although, we have a case pending in the circuit court that we have now an expedited briefing schedule on, and there is a temporary restraining order in place prohibiting or any advisers from moving forward in the case until this matter is resolved. these issues were certainly going to the court of appeals here in michigan and probably 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. theyspent 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 d better
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outside bankrupt? >> i thinkfrom a perspective of the retirement 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 ty. we, certainly, are willing to sit at the table and have honest discussions about what al tern tifers are, athough, we have yet to ve 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 fai because we had the ormer 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 opportuniti 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 discuion 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 o 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 rt 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 sayg you want to know what's out thee to be had, but what are you willing to give? >> caller: well, you know, i can't peak for the client in that respect. we've not had the opportunity to complete the analysi to determine what we'd be willing to give. the diffilty is in recognizing what those oion are are different, certainly, within a
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banuptcy 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 constiutional provisio and our governor has the authority to authorize that form of an action with regards to accrued retirement beneits and violation to the constitution, and within the context, whether a bankruptcy court judge would -- to what extend they allow the impairment to occur. meissa: tough and complicated iues. we appreciate you talking to us. >> caller: well thank you very much for the call. melissa: i want to go o the ceo of detroit's greater chamber of commerce. we also have jim, an attorney that specializes in municipal bkruptcies. 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 pint, 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 mey 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 y 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: ji, the judge ordered the governor to take it back out of bankruptcy court. do you think -- i mean, obviously, they'llappeal 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 hy no major city of any state up until now has filed chapter nine and found working with the state and thrs and out of court solution is because once you get into cour one lawsuit, one proceeding begets another, and, obviously, we see the coplicatons. thelast thing you want is a litigation metdown opposed to a recovery plan to help detroit find its path forward. melissa: sandy, what do you think isthe path forward? you're loking at the city right now with 40,000 buiildings right now and homes unoccupieded, 36% of the populatio 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 mentned were correct other than the point about businesses fling. there's been $12 billion of privatesector 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. th are increasing. thyhave market share, bringing people in, and downtown is becoming a vibra 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 jus a tool. it's not the end and of itself. we have to use this opportunity
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of bankruptcy o restructure how government delivers services in a much more effective fashion. missa: tell me what he answer is, sandy. >> again, just like th auto companies who went through bankruptcy, th 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 hadquarters. 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 ma 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 te 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 prome 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 thounds 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 usiness that may be locate in chica 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, reay 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 routeforward 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 charg with failing to stop insider trading. is one of wal street's kings about to lose his crown? stay tuned for the etails.
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plus, house flipping, remember that? it crumbled when the housing market collapsed, but now it's looking stronger than ever. shamed you be jumping in? maybei should. top advice on how to do it. more money cming up. more money cming up. ♪ at a dry cleaner, more money cming up. ♪ replaced people with a machine. what? customers didn't liket. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally hello? ally bank. your money needs an ally.
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melissa: almost made it ou clean, but steve cohen couldn't run from the feds. a shofort time ago, thefcc finally slapping the sac founder with chaes related to insider trading, a according to reports, cohe 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 deadle where people said if something didn't happen by july, it ws not going to happen. what do you think of this? >> yeah, and our news side of the paper reported this month he probably not going to face criminal charges. there are questions about insider trading laws and how vaguely they are efined, 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' paid over 600 million or the firm has to ge rid of fcc charges othe 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 f 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 cour 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 hi >> do you think that it ends upturning criminal? >> well, i -- the people who actually did the trades re
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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 though about what they were doing, and was he just acting on information that he din'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. wel see whether there is, from the justice deprtment, a criminal charge. like you said, the news side of the paper sa probably not, running up against the statute of limitations, but this seems like something hat proably 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 cas, 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 proscutors lately have done very well on insider trading proecutions. 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'sbarred from overseeing funds, and then they would either have to shut ddown or he would have to leave the firm that he 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 weeend. >> 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 lawsu against the ncaa, seeking compensation from ncaa and ea sports using theirames andlikenesses, huge implications for sports. we'll watch that, yo can bet. forget buying or selling, but flipping homes is whre it's at. prices up 19% since this time last year. there's bi money to be made, so is now the time to get in on the action? ining 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 beter 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 busness seven years ago, a great six twoears 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 becase 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 particurly 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 wold never advocate for anyone to do this as a hobby. it would be ery, 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 becae th 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 homowner, 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 bu 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 yo 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 knowwhat? if yo 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 ay 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 understand your costs, you'll pay too much for a house. people pay toouch 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 yo know from research what your costs are imoing to be, but how do you know what you sell it for? >> wl, we know what we'll sell
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it for because do not anticipate a change in the mart. we're going to hold a house for 90-120 days. the averagehold is 104 days we. look at te 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 becau other homes in the neighborhood are not as good as our home. melissa: michel, 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 ahouse, but buying a neighborhood. one of the keys i giv to people is saying that if you want to sort of add a little extra oomph to the flip, get neihborhoods 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 neighborhoo on the rise. same thin find a neighborhood with crime going down. that's anotherreat 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 tat 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 tohouses 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, y 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 l lot of great informatio.
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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, eeryone 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" cming up president ♪
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♪ melissa: one of the most monumental pieces of history up for auction. an original cpy of schlindler's list, a list ofa thousand jews oscar saved from the nais is on sale on e bail of all places, one of fou 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 someprivate 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 worldwie
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people, and one of the other things i like n compared to the traditional auction houses is there's no buyers' premium. bidders can bidmore on the site. melissa: interesting. i know the reserve price is $3 million. what do you think youl get? >> you know, recntly 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 cop, where it's been, who owned , 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, manyears. he gave it to his nephew. the nephew actually sold it to its current owner, so there's a gret 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 wan 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 ad perhaps loaning it to a museum to have op display, but still have the, you know, collector's intert and possible investment inrest 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 nd they got the investment funds to put towards this, but r you know, again, they very well will, you know, provide it o an institution so itcould be displayed publicly. melissa: i know it's offeed 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 buye protection. what does that men? >> we want to, you know, obviously establish this is for real,and, cerainly, a quick deposit is a good way to asure they are serious about going through. we're doing really strict bidder prequalification. it's not just sothing that anyone can jump op the coputer there and throw in a bid. my whole staff and i are very closely monitoring to make sure soeone 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 o to israel, they will actually take possession of it there. we want them t 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 lett, they can be assuredthey 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 thi investment, so we felt that was the safest for both the buye 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 ore often, his own. i daredded users to stom the set during his show. he got a surprise he never saw coming. we'r 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. >> wht's going on? >> how are you? have you ben watching twitter at ll? 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 e tweetedded if he got a thousand retweets, he'd storm the field. big whoop, saw that a million times. lien 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 kdding 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 ad 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 boker 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. unrstand when you pay a celebry, jay for example supposedly pa $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 theyo something like this. it's a surprise for somebody 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 cbrity. >> 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 acilitate itfor anyone else. melissa: this one, i bet there's
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not a tack 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 intereed 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 y. >> 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: r paties 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 wth 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 n't know, could be fun. thank you so much for coming on. apprecia 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 relativesto 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 re make that happen. call agent. i'm thinking of a number right now. all right. we want to hear from more of
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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 n 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 ve 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 i homemade. i will bring it for you, i promise. melissa: who knew. surfers, check ts 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 woul be too adventurous because if you are surfing or a scuba diver, more than likelyou are an adventurous person anyways but somedy may get too close with a camera. sharks sense motion. if you are going to do tha 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 homener 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 bui the moa >> i could sell dirt 28 dirt salesman. it was a developerer who builthe 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 keeup with the joneses. >> it is so crazy to say i am not forcin him out. he built a moaaround his house. melissa: maybe he will make a fortune anyway and have the last laug 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 w writi, 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 aund 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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