earnings season and so far, bumpy but still pretty remarkable. we're gog to be all over that. see you then. reasing taxes? liz: starring k-9. "money" with melissa francis is next. ♪ melissa: i'm melissa francis in here is what is "money" tonight. it is frahise friday. i'm so excited. have you ever thought how great it will be done on your own franchise? what does it take? one of the most lucrative and talent -- challenging industries you won't see this any place else. the step-by-step guide on how to get them. plus, a breakthrough in aviation and possibly you're commuting nightmare. of flying car steals the day at one of the company's top a shows. the seal of the company behind this joins us to show what all off. he made "money" today? you pretty much can't get a job without its.

investors are swarmg endo as a result. keep watching to find out who they are here to be given when they say it's not, it's all about "money" and "franchise iday." ♪ melissa: another month, another miserable jobs report. there is no way to downplay it. even the jobs of being created stink. 77 percent of new jobs created or part time. 77 percent, many from the lowest paying sectors of the economy. unemployment fell two tenths of a percent. you know why? close to one quarter of a million americans give up looking for work altogether, just out. let's bring in economist, weekly standard senior writer and also a fox news contributor. let me start with you. 14000 part-time jobs. there were added last month to more than that total number that was adde to the payroll.

that means that people work full-time and part-time. that's not good. >> not the ball. if you look beyond those, the people who are part-time want to be fultime. this is yet another jobs report that suggests that we are in this new normal. it has become a cliche, but it is because it's true. once again they say, we are adding jobs, making progress, but not quite there yet. you can rlly go back and substitute today's statement out of the white house with the statement for virtually any jobs report we have had in the past four and a half years. it's not good, and we are making prress. melissa: 77% of the jobs created this yr are part-time. that's terrible. >> part of it is obamacare. it's not just a mandate to cover everybody. but rather,he increaaed coverage requirements which are driving of the cost of group policies. it's just much easier than a part-time workers. other things going on, the shift

toward the service sector, more restaura jobs, bartenders, low-wage jobs. not only do they not pay well, they're easily chopped up into 20nd 34 units. the streets of new york yesterday, big demonstrations about $15 an hour for mcdonald's workers and things like that. we could talk about the merits of what they should be paid, but the very militant unions, it's much easier to keep the union out. if you have lots of part-time workers and full-time managers d shovel them in and out of law. melissa: is tha how you change the political message or focus? instead of focusing on the fact that all we're doing is creating part-time jobs, you instead make those employers the villain in state, while. %-wage. only paying minimum we have to increase the nimum wage or double their pay. do you change the conversation from the fact we're only creating terrible jobs to putting thfinger at someone else? >> certainly assure the white house that is the strategy. we have seen the men ploy that strategy at various times

going back before thelection, certainly throughout the election and after. that is what the white house has tried to do is point the finger at either greedy corporations, businesses without defining what business meant, the evil republicans in congress. there is no question the white house has done everything they can to point the blame everywhere else but back at them and to a acknowledged that some of their policies just have not worked. as pet points out, the policies have been counterproductive, particularly with respect to obamacare which having a huge impact on these numbers and part-time. melissa: my concern is, there was a new study is said that 36 percent of young adults are still living at home because they can't afford to move out. it feels like we are falling so far behind now. year-over-year as we have this week recovery. how do we catch up again? >> we have to start having pro-growth policies.

the list of standard. you do something about trade with china, so when manufacture more. we needo develop offshore oil and gas so that we can become and should become energy independent and do those two things together. over the next five years on top of the jobs are your creating coodity another 5 million jobs when need to have him if he is certainly there are areas where it is required,d, but we have te chemical fe in texas and immediately the president says : 90 day reviw from the federal agencies about new regulations. maybe the regulators that were supposed to be watching those chemical plants were not doing their jobs. it never crosses mind. all this regulation is expensive. they add up for reason. >> franchise friday. at this point when you see the terrible jobs that are being cread by the larger economy, to a certain extent you have to take your fad to our own hands . melissa: find your own way out.

i mean, maybe is this possib what it is coming to an america, the you really have to look for your own solution at this point because things are not getting better coming from washington? your thoughts? >> i think that's right. particularly if you get a recent college graduates. good degrees and would like to get good, well paying jobs and i just unable to, or people who were laid off and the great recession and its aftermath and are unable to get jobs that pay what they were making before th were laid off. as a result they the kind of people you would look to the start franchises to my take -- chart their own th. thproblem is there are so many disincentives built-in to our current economy. i think many of them coming from washington, it is not exactly a great time to be an entrepreneur he. melissa: it is tough, and a lot of people that follows on-line said you have to be careful not to have anybody work more than 29 hours or have more than 49 employees if you start your own franchise.

but would you say take the bulls by the warren -- take the bull by the ones? >> if you are underemployed or working at starbucks, why not? we have a lot of intelligent and educated people. they need to start thinking about starting their own businesses because there will be hired he. if you can find something you can do, do it. don't be intimidated. an accountant will help you with an l.l. see in the payroll service. it does not cost a great deal of money. is not hard to get incorporated. you can get incorporated in a state of virginia for 50 bucks. melissa: thank you so much. have a great weekend. time now for tod's fuel gauge report. u.s. crude slowing down the number of oil and gas in operation, the highest level this year according to up baker. the count has increased for five straight weeks to a total nearly 1800 brakes. chevron is the latest oil giant to see wk earnings

following disappointing results from exxon and shell, second quarter profits plummet by 26%. oil and gas production also fell below its target. the news sank stock. crude fell at 10694 per barrel. oil stillained more than 2% for the week. next on "money," it is the moment i have been waiting for. you should do it. we officially lached a weekly series "franchise friday." what a better way to kick it off and with theamous grilled cheese down at. it smells fantastic in here. that's what weave cooking, literally. we will tasted later. if you have ever dreamt of starting a franchise business, to franchisees' are here to tell us exactly how it's done. as close as you can count on your own franchise without writing the check. so were you are.

much market five coming up. we promise. melissa: and

♪ melissa: so breaking news right

now. time warner cable has taken cbs of of the air and a numbe of markets nationwide. the deadline for negotiations between the two companies had been extended to today. just moments ago the network pulled the plug. that is what you're looking at right now. it is just a statement on the air if you can't in the cbs in those markets. we will kp watching and following the situation for updates as this fight goes on. all right. well, it might be my dream come true. a lot of people, including yours truly, have thought about starting a franchise. today on "money" we are starting "franchise friday." each week you will get as close as you can to of firsthand experience from people who are going through the process right now. this could be just what you need to pull the trigger for your future. john currently owns two subway franchisees. just signed her agreement with the franchise newcomer.

welcome to the show. we want to make people "money" up there. you heard the jobs report. so if you really want to take the bull by the hns, you he to do what you guys did. how did you find the courage? >> working in banking have worked previously as an analyst. i was going through tough times during the job market. i wanted to do something on my own and be my own boss. so i decided to get into a franchise business. i get into i. melissa: you had a great job. >> i did. melissa: an analyst on wall street making a lot of money, something new study for, feeling secure and. you decided because i looked at this, to take the risk. you put your steady income on hold, but your money out there. was that scary? >> it w, but the same time i was at a point my lifeline young enough, don't have many responsibilities. melissa: all? >> tnty-seven.

i'll have a family, wife. this is the time or was it will save money. going to the universit a lack of food options on campus. melissa: s saw the opportunity . your story, you came to the little bit differently. you're watching shark tank. >> i was watching. i take it faithfully. my daughter and i wat it saturday aftnoon. so i love the concept, love the food. there was nothing else like it around. i checked out the website. my husband came on from work. i was like a light have to watch this. he was like a model where you so excited? in and it was like, i just sent in for a franchise. melissa: he didn't say, you're crazy? >> he said that was crazy. lissa: that seemed like you would expect that. did you have your own business

before or any experience? >> we both of our own business. i'm anne and boarding and he is in excating. one is something different. times are changing. i need something new, fresh. it's going to be so exciting. meliss you sound like a courageous risk seeker. you're already in business for yourself. did it take anything to get the courage? >> a no-brainer. we talked out it, did little research. it was something the family decided to do. melissa: i would ask you how you came up with that in particular. i met a lot people who've made it ton of money with kfc the rita something that is not new york. subway. people say subway is one of the best to do because you don't need a deep fryer. is not very complicated. it does seem like there are a lot of them.

what do settle on that? >> like you said, it's a strong brand. a strong presence in the market. a low startup costs. typically because like what you just touched upon the toaster oven and a microwave. >> exactly. a little more in-depth, but basically. so that was really one of the reasons. in addition, just being able to, younow, get into such a strong part of the advertisement. melissa: you worry that there are too many? that something the followers on twitter said. >> and not worried about that. here's always growth and development. real-estate marketsre always changing. people are moving. a lot of development. out of burroughs and across the nation. melissa: you went with the franchise that a lot of people have not heard of. tom + chee. i know it was not like you were considering a bunch of different ones. was it harder to finance or get

the money behind it for a brand that people don't know about? >> not all. melissa: aed you get the money together? , stick cost you and what do you think it will take to started up? >> gasol personal. melissa: all your own money? >> yes. melissa: does that make it even scarier? >> it makes it more exciting in the challenge. i have to strive abovand beyond. it's a dream come true almost. melissa: and you took all the money the u.s. saved up. you didn't bar when either. >> i was able to save my money throughout the cost of working. a lot of typical franchisees' don'to out. you can try to secure financg through a bank or a personal lender. melissa: what did it cost to get the franchise? >> for the brand its 15,000. not much, but the bill that in addition was an additional two london 35k plus or minus based

on your location. real-estate. melissa: $230,000 to get the location to redo the space, all the fixed startup costs. >>ll in about 250. meliss what about you? >> were going for multi franchises right now. or actually doing for. so is 35,000 for the first one, 25,000 for the second, 15,000 for the third, and 10,000 after that. you have built up costs depending upon the location the you choose, with the location needs. so it varies. melissa: some people were saying they got. i mean, it's a lot toet the money going. when we come back we will hold it here for now. franchise friday is not over. we will be back to talk about some of the biigesthallenges, the hurdles. what you think abo if you are considering buying.

you will get to that later in the show today. all day today we ask you, if you bought a franchise, what would you open? there responses are crazy. love it. everything from subway to done been done that's. he sure to tune in to see what it takes week by week. maybe you'll be convinced to take the plunge. we could partner. want to do this. next, preparing to shut their doors. a credible threat was the region on high alert. john bolton, former u.s. ambassador to the u.n. will tell us if a new wave of chaos is about to break out. more "money," and those done nothing of their on theide, tom + chee, straight ahead. they look delicious. ♪

this is including iraq iraq, afghanistan, egypt and bahrain and of a doubt be due to increased security threats. how high are the threats? we have john bolton former ambassador and fox news contributor i wonder when we hear about these things a public and is it more or less serious with they keep it secret if it is more dangerous or does it mean it is so dangerous they tell us ? >> i think it is straight forward there is a real risk they closed the embassies and consulates on suay whicis in the muslim world is a working day and excluding those facilities also world wide travel warning that gives more information than they releed with the embassy closin they say the threat comes from al qaeda and its affiliates and the threat of atack is highest dawn or

bian peninsula and the travel warding to all private citizen la through the end of august is a broad wording , and very threat so precisely to tell pele things long and hard about yur situational awareness and your need to travel to them. melissa: how long do you think this will last? >> a travel warning goes for one month remembers september 11 comes up after that. the fact is this is very significant for the united states with a significant effect take egypt ittwith internal disagreement had the affect of tourism close at zerobut then when you issue these kinds of announcements it is a

discouraging factor for investment in thoselaces and the countries taking very seriously. melissa: that is a great poin i wonder says al qaeda see it as a victory because they are disrupting travel or is it a failure because whenever plan that was out there has been intercepted and is less likely to take us by surprise or be unsuccessful? >> now we will find out sadly if they have a plan b or if ty expected this might happen now they switch to the of alternative. i think it is better to err on the side of cauon toward people or closing the of the seizing keep the employees and their residence much to savor their telling other are a dangeus situation i don't think we play around or it is a game of chicken. with the threat come to take

it seriously. melissa: what about the debate of letting the nsa listen to our conversations? >> absolutely this is a critical demonstration of the reach of american intelligence and be clear, and a say is designed to gather for intelligence it is not there to spy on us. we are insignificant unless we are cavorting with terrorists. so these programs sweeping the internet to look at e-mail or web sites or patterns may well have been a contributing factor. that is a question for members of congress to ask with classified briefings. melissa: ambassador bolted, thank you so much. up next to no how hard it is to do a show with doughnuts cokie nearby? i should finally get one when franchise friday guests return what is the biggest mistake trying to get the

franchise off the ground? iicannot concentrate with grilled chee and doughnuts delicious this. coming up. ♪

♪ melissa: we're back with franchise friday what is next? and what surprises might be in store? welcome back our guest a franchise owner and also a franchise newcomer. we have some food in the back but we can't sample justin a few moments. this is a very popular question on twitter what was the first big hurdle that made you feel like maybe you don't want to do that's what almost derailed you? >> onceeing open for a few months we had hurricane sandy. melissa: what happen?

>> almost put us out of business. melissa: what happened? tell me about that morning. >> the sto was flooded the food was no good so we had to pull it together. >> what did it cost? >> may 50 grand. melissa: net much to damage? did you have insurance? >> we did but there was a press. melissa: you front the money to he you get it back but you don't know. did you have $50,000? >> we were able to pull it together a funnel resources to get a ' been also in addition we wanted to do for the community because they were hit so hard. so they could have the good

meal. melissa: did you consider not reopening? >> we wanted to but i we did not want something like this do put us out of business after all this time and effort. melissa: stilln the beginning stages what have you hit so far and has anything come along to make you question. >> nothing. actually its too early to tell i am sure there will be hurdles but right now just the locatn and the perfect spot. melissa: that is tough that can break th thing that w focus on ther is such a huge issue to pick allocation would you say to people who are wtching this

today and thinking about doing this? what would be warned about? >> the best advice is be prepared with a steep learning curve there is a plus and minus to pull it together wh a time schedule to make sure with your bill doubt because time is money. melissa: that is right. good for you could do anything make you turn around to stop doing this? >> no. actually they have been saying but wonderful even more guidance than before we signed the contract. melissa: tell me about this process. >> there is a discovery day that you look around.

it went from one intel tueber wdid not fit out of there intel 330. fetishes so nice to learn about the operation and there were so down-to-earth even before the contract was signed they help me i could not have faster anything better. melissa: you committed to four stores? why we do not get one to see how it wt? that is a big commitment. >> once he saw the operation and what it was about that was the idea to do central the jersey. melissa: what was it like for you john? to they do that with every franchise? >> a little different

basically the work of the whole process it is odd development they were willing to take the time to explain through them and with them. melissa: your recommitted at that point? >> yes. melissa: with see how to guide to have aranchise you have to choose the right franchise it taking the financial plunge we will do this agai on frida we wil talk about finding the perfect location and now i cannot take it any more. the smell is killing me with a grilled cheese doughnuts. how much? [laughter]

this is does a genius behind a franchise. >> we're very excited. melissa: will you try one? >>. melissa: oh m goodness. i thought the other donor was the best thing i had this is just fantastic. this is it. i now opening one of these restaurants. they'd you so much can think you cooking back very diligently. [laughter] melissa: they will be here next we for the next installment of franchise friday. i cannot wait i will eat this over the commercial but up next one of the biggest air shows a soaring success

with the public debut this ceo joins us and at thend of the day it is all about money to cut down your commute and a grilled cheese doughnuts. wow. ♪

melissa: mother wall street or main street this is to make money today. more professionals cannot live without it and membership rose 36% from one the mobile apps arellion getting credit. now soaring more than 10% by the way the price was $45 per share and investors with the ipo fidelities surpasses the ipo price just more than 14 months after the debut and using betty today might

be terminated the endorsement contract with the of milwaukee brewer ayer. facing a 65 gave suspension. are you one of the million six of the morning commute and stock in traffic for hours on end? we have the answer. the flying car. one company is showing off the new breakthrough airplane carr hybrid at the oshkosh airshow pretty soon you can buy one and joining us now showing off is the co-founder and ceo. thank you for coming. you are a hit wide we need a car that flies? >> traffic is a big problem

are trying to take the first possible steps to the of vehicle that will get the population out of traffic to give them more freedom. melissa: what we have some basic questions do i need a runway to take off? you need a red light? >> you do for the first product but there are over 5,000 public use airports in the united states there is one within a half-hour drive from wherever you are we have identified this network with the largest underutilized to is rotation network with underutilized capacity. melissa: everybody is driving a hybrid and worried about how many miles to e gallon but when you drive the plane what is the gas mileage? >> we get about 35 miles per gallon driving on a highway

in flying over would have aroused our we get 20 miles per gallon. melissa: how do my part that? where in the park something like this? >> you park it in the garage you don't have it in manhattan but if you commute from the cape this could be the perfect thing. melissa: david as man was talking about that and that as we we use this for now i am starting toite in. do i the a pilot's license? >> you do the both the pilot license and a driver license but it is called the sport pilot certificate that takes half the time and half the money that is the key with this technology today. melissa: i am sold.

when does this go ininto production and how much does it cost? >> we have two years before production we areinishing up crash testing then we will start to sell in a low-volume about $280,000. melissa: that is expensive. what has the reaction ben might? when have you heard? >> we have alrdy taken over 103 orders. the markets there it is exciting with the public debut the response is overwhelming. melissa: we are watching the video but how does it work? we see the we retract. >> to convert from airplane to car you have to be stopped and shut off the engine then put in the personal identification number to insure that a

somebody steals your vehle cannot fly away then the wings fold up like putting the top down on a convertible. melissa: have you driven down the street with the is? >> you do get looks we have most is in a controlled test environmen and where it is legal and you do get some looks. melissa: added it is -- i am sold want to kw how to park it that figure for coming. we love it. >> thank you. melissa: it is switching gears the added control problem of unfunded pensions and tom sullivanas a few thoughts. >> how about the last person on earth would be pleading for fiscal sense is the governor of illinois i thought his problems was to

lead the charge for higher taxes? they have 67 percent on individuals and 40% of business and guess what? it did not work. i don't know what has gotten into him because now athe sudden reality seems to have hit. illinois has grossly underfunded their pension obligations through one bad fiscal policy after another it has achieved at lowest credit rating of all 50 states as a result there $100 billion underfunded with the money that they owe the state pension and the governor phiz asking the legislature for solution ov two years and got tired of waiting. he suspended the paychecks of the legislators and finally he has their attention. their answer? saying that the governor cannot do that i hope he wins in court is seems ideal way to get fiscal sanity is

to hurt the law makers in their pockets. melissa: he needs a grilled cheese donec. you can catch his show saturday and sunday on fox business. up next say we will about congress, we will tell you why another country's budget problems. stick around for you can never have too much money.

♪ melissa: is time for a little friday fun with "spare change." rich joined by stiller do so. such fun stuff. look at this. lawmakers disagreed on whether not to finish the construction of a fourth the clear power plan but apparently very diplomatic. allied you think the we before we see this? >> well, 1858. there probably -- the only got 1987. so enthusiastic. melissa: like that. that's a good interpretation. >> there's nothi that a good old fistfight can solve. taiwan is one of asia's most vibrant democracies.

and they should realize that the narrow mind is an angry mind. we don'tant to be angry when it ces to democracy. i don't do this with my clients and they shouldn't do it. melissa: really out of control. here's lundberg he opened the door and realizes there were filled with hundreds of employee fis. lots of confidential and information. as not bad enough. he still had to call eight or nine times before they told him the leave the files of the loading dock. what nuys customer service. would you have tried to return all of that? especially if you had to call themight or nine times. you gave me all this valuable and important information. >> i wouldn't be. i would be off the coast of france on my yacht. melissa: really?

>> i definitely would have returned it. i would have returned it. >> freaky friday. every american. 15 million americans. $50 billion. this is a big deal. aconite -- 89 phone calls. it is shocking. it is. check ts out. this spare knows what she wants and is not letting anything get in the way. rather than backing to the dumpster outside a restaant, she just toss the whole thing away. she gets in there. column. would you even think that a bear could move a dumpster? she looked in and said, that's delicious. that's nice. i just want to take this whole thing. it'll beuicker. autistic away. >> yogi bear lives. picnic baskets. i love this.

it's fantastic. >> it looked like a clip from dance mom. i wouldn't mess with that bear. it was either american consumerism are really hungry bear. melissa: it looks like the various done this before. you know what, this one is so good. i should leave any of this behind. we will be quicker. not in the least bit worried. >> what else would you do? meliss s just what you been waiting for, the world's first twitter adelle this yearr in spain offering the team rooms , parties, outrage when you check-in. you get access. guests can tweet, send private messages. i wonder if anthony wiener goes there. stay in one of these suites. you can even tweet forervice like getting your many bar restocked. to you think this is the beginning of a trend? >> it is an incredible marketing opportunity for this hotel.

you get the hotel under somewhere where it's fun. why do you need to tweet constantly? melissa: throughout the whole show and i'm so glad that people at home follow along. but when i go on vacation, i kind of want to sit there with a cocktail. maybe one. i'm having a great time and in your done. >> i am busy thinking and need to do a tie-in. it's a great feature. melissa: immediately. >> a vy smart market. a big tourist mart. so anything to get ahead in your marketing strategy for tourists is a good thing. melissa: do you think that is effective? sometimes when you're trying to get that turndown service and you call. >> all the services. if you want food, contact the concierge. evything is right there on yo hand held. they do have a good idea. i think they're going somewhere with that. the truth is, if you have a guess staying in your room in the private time.

melissa: i like that. that was good. i hope you guys enjoy "franchise friday." you will do that every wk. that's all the. >> that is all the time that we have. >> if the sharks don't get you the bees will. in global warming will create bigger stores. >> patriots more whether. >> what are the risks? what is the truth? "summer myths"s our show tonight. john: it is hurr