neil: it would be a tough sell, thank you all. we'll continue to monitoring this, and fallout tomorrow, thank you for joining us, goo david: "money" with melissa francis is next. melissa: breaking news right now, cable tv slugfest. time warner and cbs with a drag out fight. planning to pull the plug from the second-biggest cable provider in the country. the original deadline was right now, this second. moments ago they extended it to 8:00 p.m. eastern tonight. if it happens, you're just going black and eight of the biggest markets in the u.s. milne have three more hours le on cbs. and showtime. that could be serious. affecting millions were paying time warner expecting to have every channel, and of course it all comes down to money. with me now, the media analyst

and our very own dennis kneale. are you surprised they came up to the edge of this deadline and looked over at and said maybe we ll talk about it for three more hours before we put everybody in the dark? >>oth partiesre realizing what is at stake here. you have to be concerned of a potential backlash not just from consumers but from washington if the parties were to go dark on each other. we have seen this movie several times before. the second half of last year between directv and viacom, in both instances the parties went dark, it is hard to see who is the winner and the loser here. some of the strongest media companies. it is quite ironicbs and time warner cable last week re-upped their share buyback program in the aggregate.

this is by no means a battle between david and goliath. melissa: to talk about alienating the customer. >> i like to say don't let cbs go dark,e will crack down on cable, crackdown on cbs. even in the mayor race, the fronrunner said cbs cannot go dark, understand cbs -- melissa: he does not have bigger problems in new york than cbs? >> both cry poor. if extended for three hours, i bet they're getting close to a price increase. cbs give gets a quarter billion dollars per year roughly in the cable systems and wants that to quadruple play billion dollars in four years, stime warner cable s to pay up something. melissa: i'm thinking he means time warnecable subscribers.

i doubt they will just absorb that cost, won't say pass that on to the consumers? >> that is the risk factor of how much they can continue to push the envelope. to be sure, to be a very significant increase, the question is to what degree. these are actually profitable companies and they would be wise to reach some sort of, mice resolution. melissa: if they are profitable companies why don't absorb the cost and take it out of their profits rather than passing on to consumers who already feels that the cable bil bills too bio start with. speaker that is a question politicians want to know. ultimately the question about wall street, the margins, the prophet. evaluations of it very an how mh profit the report. for cbs, this is about fairness. we get 10 million viewers in prime time, espn gets 2 million,

yet the cable guys are paying $5 million per home each month and pay only $0.88. melissa: you can get a lot of those for free over the air. >> but who does that? melissa: is that an argument? it is out there and free. speak a lot of things are happening that has never happened before. time warner cable, the subscription service to the customers. ananytime you have that situatin you have a concern of a potential. >> that worked against cbs because if cbs went dark you could go on to time warner cable, get internet access, get e very same shows over the internet. kind of under pinning the cloud to have in this case.

melissa: only three hours of cbs left, oh, no. now time for the fuel gauge report. natural gas futures slid into bear market. below normal temperatures for much of the country lowering the outlook for natural gas demand. 5.2% since april 19, that was the 2013 hi. high oil prices making their way into prices at the pump. the average prices climbed more than $0.08 over the past two weeks hitting $3.67 per gallon. opec revenue from oil exports hit an all-time record. and report says the cartel brought in nearly $1.3 trillion in 2012, an increase of about 9% from 2011. next line "money," no federal bailt coming for detroit. i have a plan to hit taxpayers th monstrous bill tha to step if

other cities could be right behind it, maybe yours. the cost of your fast food favorites are going up and the government may be to blame. we'll play a controversial subsidy impact in the price of burgers and fries everywhere. more "money" cing up.

melissa>> becomes a questions at detroit and creditors, that is something you try to have two workout with creditor >> detroit has to work with its creditors and on this. melia: that is treasury secretary jack lew in mind that they will not bail out detroit. detroit is eyeing obamacare. it could push those out of the city run coverage and into the new insurance changes created unde obamacare. south of the city's push and a burden on the federal taxpayers, right?

we also have fox news with us. that is exactly what is going on, right? we're not going to provide the federal bailout, not a penny, but they take people guaranteed retirees health care, push them into the obamacare exchanges which means the feds pick up a big portion and that would be us. in essence that is a federal or partial federal bailout. >> 7500 employees over 11,000 in chicago eyeing a similar plan. if the employee up to 400% of the poverty level, you'll end up about $4000 towards the premiums by the fed. that sounds like a bailout for me. that is coming out of the taxpayer pocket. if you arene of these, you say wait a minute, i worked my whole

career in the city of detroit and i have to now pay what? i thought my health insurance was fully covered. they will pay the whole thing. if they can afford it. melissa: you agree with that breakdown? it seems like almost everybody los because employees and former employees will be mad as a hornet because they will be paying something and before they were not paying anything. for russell federal taxpayer, we're going to be helping to bail out detroit. >> iit works in detroit it'll wl probably spread all over the country. detroit in bankruptcy, they may try to slough off into responsibility for paying any health care for any of these employees. in many of these cities the health care cost are double with the pension plan costs are.

anyway they can find any of it, they will do. melissa: according to a study, 51 of the nation's major cities have $126 billion in retiree health care cost, 90% and more are unfunded. that is a giant liability. >> republican governors in indiana, chris christie have changed with the insurance coverage, health insurance covers for public employs that have retired. i am not saying that is the best decision either, but better than throwing t these people onto the exchange, entrée broken program, that is like saying the post office is going to sink. melissa: we are talking with these pele being put onto exchanges that do not exist. they are not there. >> unintended consequences of obamacare. nobody first salomé and lamented

obamacare that this was going to happen. these exchanges are in many states are not being set up, in most states are slow to be set up and are having trouble even when they want to set them up. melissa: we have talked about this, one of the main reasons the federal employer mandate has been postponed. >> one of the things obamacare thought would happen was all states wuld say the right em, but they will focus on federally run exchange. they will be one thing and the fed will do another. how well does that work? octobeis the day january 2014. i in many others do not believe these changes are going to be working by 2014. here come the 7500 iisible employees.

melissa: we could see more and more, we are seeing reports chicago is watching this very closely to see of this could be an answer to their unfunded health care problems, cities like stockton and california. everyone perked up when they heard detroit was talking about this. what is the likelihood others foow suit? >> everybody will watch detroit. if this bankruptcy and the shifti of the health care works for detroit you can bet it is going to happen in every city underwater. melissa: realistically what is the other options? is this something i think they were promis, breaking comments comments, they were going to have health care for life, there is no way to do that at this point. >> i feel these employees worked their whole life like you just said.

if the city cannot fund this, city might as well throw up their hands. again, this alternative don't exist as far as i'm concerned. obamacare will not save these employees. they will end up without health care. melissa: thanks to both of you beat up next on "money," what do they have in common? whole lot more than you might think. and the entire fast food industry boiling mad. stick around. and the end could be near, so why not throw a party at the hampton estate? mae the answer is buried under the $2000 worth of tuna he served. don't go away.

♪ melissa: weathers on wall street or main street, here is o is made money today. the hedge fund giant taking an 8.5% stake in the company. a big manufacture of hydrogen, fertilizer case you did not know. trading at an unwarranted discount. announcement sent the stock soaring nearly 12%, good for them. also making money, anybody who

according to multiple studies, it is killing your pocketbook. mcdonald's, taco bell and the likes want lawmakers to eliminate the policy that mandates increasing amounts of ethanol blended into gasoline each year. supposed to make us leaner and more energy independent but corn

off your plate and into your gas tank makes for a not so happy meal. >> prices are up across the board because corn is in everything. corn feed, cattle, pigs, everybody gets the price passed on. >> he owns for wendy's. it cost $100,000 per year. every restaurant say ethanol adds to grants a family of four food budget but the agricultural industry says we are not guilty, they blame big oil f the rise and transportation costs. >> with a chain restaurants are trying to pull a supersized whopper here. because there is no way it is driving food prices. >> last week there w a heang on capitol hill in all likelihood the ethanol mandate will not disappear like the fa food industry wants but it also will not go from the 10%lend

to a 15% blend which is what the farmers wanted. melissa: a supersized whopper. violating copyrights agreements all over the place. who else is taking aim at ethanol right now? >> once you get a federal policy, it is a good idea 10 years go, suddenly we have all these other consequences and people in africa cannot get food anymore. the automakers don't like it, theil industry even environmentalists don't like it because you have to burn a lot of call to make ethanol to make it into gasoline but trying to dial back a federal policy maybe even a bad one is very difficult thing to do so 40% of all of our gasoline and corn crop going into gas. melissa: it does seem it is having momentum against e-15.

as far as it going further, it may have impact all the backlash on that, or am i being too optimistic? >> the big thing is the auto industry says it is a very corrosive fuel, to go to 15%, the car was not designed for it. consumer backlash, that more than anything means the 15% blend maybe later on when cars are designed differently. melissa: thank youo much. next, steve cohen under seas by the fed. but can imagine him throwing a lavish party in th hamptons over the weekd. details are all the word on wall street, plus these guys are now more embarrassing than your drunk uncle at a family reunion. we will teel you how much damage the andals are doing to the democratic brand.

you may be surprised at what you hear. piles of money coming up.

♪ melissa: no matteter what time t is, "money" as always on the move. shares of urban life for pumping after hours. the stock is been a center of the showdown between billionaire carl icahn and black men.

apparently winning today's battle of. herbalife sadly be second quarter earnings estimates and up to its forecast for the year. herbalife side double-digit sales growth of this additional supplement. good move when. the rumors, the gossip, the behind-the-scenes stories. everyone is talking about as a sea and his lavish party. he may be and how water him, but that does not stop them from hosting a swanky suarez. his estate in ritzy easthampton new york is all the work on wall street. wall street journal whapping is here to tell us all about it. it was almost a benefit, but not quite. about ovarian cancer but it was not raising money. >> so, i mean, it basically was a charity benefit. something that he planned before. people are surprised. the microscope is on him, and anything that he does is going to be hyper analyzed. the phrase that comes to mind

is, you can't take it with you. i mean, you can't in terms of spending money. melissa: may be one too. you throw a big giant party and there is less to come and get. one of the things, $2,000 worth of some special tuna flown in. it's just sort of the optic as people like to say of throwing this lavish party let you're having a fantastic time when you know the firm is about to go down the tube as a result of being indicted. maybe not criminal charges, but everyone is wondering if that's next. is it the smartest thing to do? you continue to have the party but you just don't go. a family is there but you're not because he wants at least look concerned. it feels like you are taunting authorities. >> i am certainly no expert on how to deal with criminal prosecution. if i were him and i moved in his social circles i would do exactly what he's doing. melissa: keep us going. >>ecause if youancel something like this it looks

like you are drawing into the ball and trying to set things out, whereas i think the federal auorities are so keen to nail them. i don't think that -- even if they do feel like they are being taunted, i don't think of going through with the party -- first of all, he has not been indicte probably very worried and. melissa: chicken wings instead of tuneup. are you just don't give people -- >> who knows. melissa: s true. okay. check this out. overstock dot com took this full-page ad in the wall street journal over the weekend blasting cohen. in part congratulations on the indictment. that's rough. this is a blood feud. absolutely. kind of crazy. one of the things about the ad is that he says congratulations on the indictment. remember, rose early and role often. he has not been known to be the most able individual.

>> no. a reputation as being -- he says some strain sings. he does all kinds of strange references, less conspiracies. s.f. lord and master criminal. melissa: because of his disposition. this is where it comes from. he runs over stock dot com. steve cohen is accused of taking a very aggressive naked short position against this company that forced down the stock price. carrying a vendetta, basicay believe the price. so they have had a few for along time. as a result he spent what could be $347,000, the avera price for that ad just to rub in the fact that his firm was iicted. >> make me laugh when i sought. employee of the "wall street journal". thank you, keep the checks

coming, one every weekend. one not. full-page color ad. melissa: but as a human being you wonder. hopping out there and pounding on someone else's bad luck >> it's in very bad taste. fantastic. the new york post is reporting that a dollar invested 39 million of his own money. a biotech firm headed by the infamous insider trader. obviously out of jail now after the insider-trading, but pt of the problem with this is that he is being accused by the insider-trading and that here he is again, the optics of investing money. now, you could argue he did his time and paid for is crime and is now trying to make a living. a new biotech fund. inuit the research there were doing was. might be.

melia: investing in that. again,t's the optics. is he really comfortable people who are inside trading. >> to give him the benefit of the doubt, people who make a lot of money. thway his career. he is a brilliant researcher. he developed to the most successful cancer drug ever. the company sold after the whole episode and then he went to jail for five years for insider trading and conspiracy for six and a half billion. at the end of the day he made a lot of people a lot of money. that is what he's interested in. i think other people obviously did invest. there were some people who did not invest because of his backound pro we have a good inkling.

>> i don't read understand how you philly have the moral authority is that a master and the city to oversee employees'. >> the of voting for me? >> i understand that. melissa: in new york city schoolteacher putting anthony wiener and a high speed. despite his second sex scandal he refuseso drop of the race. he's not the only democrat. the damaging background, another day, another sex scandal. is it just part and parcel? is it actually tarnishing the brand at this point. i'm so happy to have you here. so it's kind of like -- there is like a trio going around with the scandals. they happen to be democrats that we're watching right now. whether it's anthony wiener or

eliot spitzer or our favorite mayofrom san diego. is it all together at the se time and all part of the same party? is it damaging to the brand are we becoming immune to it? >> i don't think either one of those is correct. i don't think it's hurting the democric brand, and i don't think we're becoming immune to it. it is hurting the brains of those individual guys. you will see it affect them, but it does not affect the party. melissa: there is something exciting going on with the lighting. it seems to be going strong brand lighter. in any case, we will ignore that d keep going. you don't think that as they all come out at the same time, people called them together and make jokes in the papers called them together and notice that they are all democrats, it does not tarnish the brand? i sort of think that on the other hand you know we react more strongly when it is a republican because they are supposed to be standing for family values. with democrats it is now -- it is just kind of -- what do you

think, bruce? >> that's right. first of all, the great thing that happens to everybody but when there is that his name is winner. the judges so obvious an easy if it doesn't go much beyond. just because of that plan will spare you them. not trying to make them on national tv. melissa: why? , the reid. >> second of all, to your point republican family the, you about this or you die by the sword. they have established that is what they're brand is about. so we have the guys to violate that brand, the whole brand pays the price. the democratic party does not use family values as their calling card. what happens in the case is you just discussed, saniego, specter, winner, those does pay the price paid their rent is severely tarnished. people don't want them together. people don't say, oh, there are democrats. but the republicans we say, there we go again. with the democrats we don't. melissa: and mark sanford and the other case, what advice

would you give to anthony wiener right now? >> it is not even advice. it would be imperative. anthony wiener should get out of the race. melissa: thank you so much. >> thank you,elissa. melissa: coming up on "money," in some weit and you're fire and new jersey judge says casinos c give waitresses' the boot for packing on pounds. stay right where you are. the end of the day it's all about "money." ♪

♪ melissa: breaking news right now. let's go to dennis kneale at t breaking news desk. >> reporter: yes, the federal energy regulatory commission announcing that it is pursuing charges and as a potential summit. it finds manipulative strategies and trading that they are alleged to have done between 2010 and 2011. it i basically ruling against the firm ahead of an expected settlement. it says i guess they think the company is trying to weigh -- traded away at inflated prices. you have to wonder whether they can do anything to global energy prices. you have to wonder.

it says they are expected to settle. details not yet official. declining to comment and as previously denied any wrongdoing. but more and more government agencies taking a look at arcane trading strategies and deciding something is wrong and that they are trying to manipulate the world. controversy last week regardi goldman. storagef aluminum and warehouses which once again i just all tnk hasny real impact on global aluminum prices. the goverent guys will go out there and just exact hundreds of millions of dollars in fines. the very same companies that we needed to bailout in the financial crisis. go figure. melissa: and gasol focuses on electricity. thank you. all bets are off. atlantic city casino cannot control how much weight it's cocktail servers can gain. that is right. new jeey judge ruled that waitressesan be fired for gaining more than 7 percent of

their original body weight. sounds like a major discrimination to me and it makes you wonder what other jobs are next. here to break it all down. fox is legal analyst, welcome back to the show. do you think this will stick? >> i think so. depends upon the actl contract the four corners of the paperwork. a lot of times they have weight requirements. melissa: the call flight attendants. let me back you right up. i just try and memorize the righ words. melissa: anyway. so they started with them. and this is a state-by-state issue. >> state court judge. but this says in theren your contract as an employment agreement, -- melissa: the contract as a cartel which is?

>> everyone who wor there down he's n melissa: so practically how the thing doesn't work? >> let me give you a practical example. my law practice is hypothetically. my secretary gains more than 7 percent of her body weight and was doing her job wonderfully, no, i can fire because of that even though we're at a state at will an i can fire for somethg, she forget to take a message. i can say the reason why you're fired is because your fat. melissa:ven if you put that in their contracts? >> that's a different story. if they're is a riding that someone has agreed to a nagger breaching the agreement, obviously in the the circumances here in new jersey the judge foun case law, found president rican. do i think that this is something that judges like to do? do i think that this is something that employers want to do? no. not too good.

melissa: is somebody an unthinking and this could be expected to. specifically of the woman who sets up -- one man whoits up front at aaw firm or at the pr agency or at a health club, somebody who sits up front and greets everyone, a lot of times that person is hired based on their looks and appealed. could this extend to that type of job are at back -- as a cocktail waitress it's obvious that one of your job requirements is that it's getting drinks quickly without spelling and there are jobs. your secondary job is looking great doing it. wondering if those people are the ones that should not be worried. >> i think you can put in a written contract that you must maintain a certain way between this and does so within a certain percentage of your body weight. melissa: so could you put that in their contracts? >> i would say no. melissa: why? was the difference? >> inssence her job is to be

competent and to greek people appropriately. melissa: so is a cocktail waitress. not spill the drink and your head. >> let me be forthright. added not get a copy of the judge's decision which i would love to able to read and dove into. i do kno is based on case law and history you can terminate someone's employment based upon their weight if that is part of their agreement. less talk about nitrous system who hires people to lose weight and like a certain way. if of a sudden -- i mean, that is the extremexample, but it is obvious. they're hiring you to be a spokesperson for weight-loss. if you fall off the wagon so to speak and they have a right to terminate their contract. melissa: we saw that. >> current events. melissa: you're wonderful. thank you so much.

>> you can system ooder for any more. you have to sickle reporter. i'm old. i apologize. melissa: here is our question of the day. why the -- we want to year from even more of you. follow me on twitter. all right. next, it is being called the highest of the century. more than 100 million in diamonds. lett. how is that possible? international manhunt underway. let him. all the details and "spare change." you can never haveoo much money or too many diamonds. seriously. ♪

♪ melissa: it is time for some fun with "spare change." today we have the one and only elizabeth macdonald. and the very great tony. thanks. happy monday. >> happy monday. melissa: a big bandit time in height. officials say and masked man brazenly stole about $136 million worth of diamonds and jules the hotel on the french riviera. not just any hotel. the hotel was the backdropor to catch a thief. officials think it was the work of the notorious pink panther gain.

some of them recently escaped from prison. they were broken out. how scary is a gang of thieves? they sound like cheerleaders. the pep squad of some type. >> still employed in france. inside jabbered all over. the dow watch center of french stores. grams of hundred million dollar piece of jewelry and wks out. melissa: h does he do that? how does that happen? >> 140 million worth of jewels. one guy comes in with one gun in texas all. melissa: somebody left the french door unlocked and says stop by. >> i'm placing m under bet on the inside job and also recommended no one but french stores ass a rult. melissa: that would be smart.

and this was right after the daring escape from prison. the other amazing thing. thesguys get in and out and then there was his highest irrigable days later. >> news flash, do you read the -- not read the news? melissa: maybe lot different stores. >> at least give the security guard again. melissa: there you go. how many stories have you heard about people fighting credit reporting agencies over false or mistakin information? a woman in oregon went to the mats against equifax after spending two years. big mistakes and a report. big mistakes. her social security number and your birthday or wrong. now let jury awarded her 18. $6 million in damages. >> 18 million. punitive damages. the series did really angry. and he thing is, "reports are

wrong. holy mackerel, $19 million. i have to tell you something, this is annoying because credit reports are used by the government. the irs and the consumer financial protection bureau is building merrill consumer database of a credit reports. >> a bit of a set component because she takes care for disabled brother who has no credit whatsoever. everything she has to basically do for him is on her credit report. apparently -- melissa: it would tell us. but what they alleged is that cause of this bad credit report she could not help brother and that was time sensitive stuff and he suffered as a resul maybe that is to get the injury. >> it is a lot of money. melissa: maybe they will bmore responsive wn you call and tell them, that is not me. that person is 65 years old feels like it goes into the

complaint void. >> it is totally annoying. i'm going to refinance right now and i can't tell you how many things you don't realize in the panera report. you have to work hard. crazy. melissa: one philip guy. stick this out. this can tell your doctor if you are eating, smoking, or drinking too much. this is a terrible idea. this sensor fits into the cavity of your 210 picks up on your jaw motion. this is the information right to your doctor smart phone. have a lot of questions about that. youan yell at you. first of all, how does it not. if you're drinking a smoking. >> a prescription. >> so small you could get on it. >> the fishing real.

>> is what were you already had a cavity. it teach their riding and of your head. it forces you. what is the impetus? like you said, if you're smoking and drinking and eating too much the odds that you are going to tattle on yourself to your doctor i think are quite low. >> man would take thi blue suit in the mouth of the get the righto stop nagging as the only marketing tool. >> what is that? melissa: our favorite movie, producers are not including actress teri reid in this sequel . she is denying those reports. in fact, she tweeted that the rumors are not true. she ndso read the script first. at that they just improv. and use-tag liars.

do you think that that is going to help her case and make producers more excited about working with her again or do you think that that just diminishes her chances of hearing -- appearing the sequel. >> i think it diminishes the chances. i think my. >> i confess that a long time ago i had a b crash. i said no. we broke it off. so $50,000. melissa: that sounds high to me. i know i read that. i read that as well. i am not entirely -- it was a little bit of a low-budt flick it was fantastic. we had the director ron afterwards, but i don't know. i am hoping -- it is a new york. was rlly crossing my fingers. >> would you see that movie? >> i'm trying to get my agent had me in it. i want to be in it. are you kidding? did you not see the first one?

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