els? absolutely thank goodness. mrs. villain and i are planning our... you scare me. and i like it. let's go what's in your wallet? that's hard act to follow. melissa: i'm melissa francis, here's what's money tonight. mcdonald's franchise owners revolt. the corporatn isacki up store freeze and owners say, you know what? enough is enough. one of them is here to tells how she is fighting back. plus making gasoline from dead tes. it is a breakthrough technology for the energy industry but is it actually a good deal tore consumers? the man behind it joins us. "who made money today?" music lovers are coming out in droves to concerts this summer and these guys are making a killing on it. keep watching to find out who it is becuse even when they say it's not it i always about money.

melissa: mortgage giant freddie mac is heating ujust when the government wants to cool it down. freddie mac is reporting its second quarter largest earnings ever today but is it the cash cow that it seems to be? or is there a catch in there privatizing freddie and fannie mae may sound good to some but how hard would it hit and hurt the housing market. we have former senior visor to the treasury department. great to have you back on the show. >> great to be here. melissa: so the big question today, how do you reconcile the idea they come out and have this five billion dollars profit and looks ke they are on fire. doing great with all their mortgages. they have their mojo back andt the me time the president comes out gives a speech saying we have to wind thhse guys down? how do you reconcile those two things. >> don't get distracted by the shiny $5 billion. we have still 50 billion in the hole, in the red from the

bailout. melissa: they have a lost quarters like this to pay us back. >> exactly, exactly. the larger issue here as the president said in the speech yesterday we still have structures and incentives, heads i win, tails you lose. there is too much government support in the market right now. last year 22, 87% of the mortgages had a government guarty. >> right. >> that is a huge number. melissa: i'm so surprised to hear the president saying that. i agree with that. there is way too much government support out there for the mortgage industry right now because like you said, when the mortgages go bad, it's the taxpayer that is on the hook. when it's good they get the profits. just before we move on, looking at those profits this quarter, there's also the idea that regulators have said they have to trim down their mortgage portfolio in order to stay safe to avoids that heads you win, tails you lose thing. with profit it is will go away. >> it will go abay. as the market continues to improve they should pull back of how much government support is

in the market. we shouldn't g distracted from the idea there needs to be reformed. melissa: there needs to be reform but i'm surprised to hair the president say he wnts to wind these down. 87% of the mortgages are initiated by freddiend fannie or backed by them. they're touche by this government entity one way or another. i feel like maybe what he is saying if you read deeply in the speech he wants to replace with something else. he may not like them the way they're running but create another government entity to help prop upp the housing marke? >> there is some tal one of the business, i believe the bill? senate, bipartisan bill talk be creating new kind of entity that would replace fannie and spread did i. melissa: how? >> it would be funded by sessments. the same way banks pay for fdic insurance with deposits, so mortgage originators would pay into therganization to help fund the insurance program where it doesn't really exist in the same way today. melissa: why wouldn't we let the guys go out to be non-government

earnedties, go out and back mortgages, make bets, fail if they fail or succeed in profit for share holders as they would? >> it is a larger policy qution we're facing. think about the 30-year mortgage. that is something that really doesn't exist in a lost other countries. it base we have the government guaranty behind it. is widely popular. 30-year fix is most popular mortgage. melissa: it is popular but is it good for the economy? you're right, that is the big debate, other countries, we thought of this as a birthright, 30-year mortgage, because we think of homeownerip as this tremendous value but we've learned by all the people who have gotten crushed by homes going underwater and how much money they lost, maybe it's not a universal value to own a home. ybe we shouldn't have 30-year fixed out the. unlike all the countries. they don't have it. why should we continue to have this? >> it could still be a useful tool for middle class families. they're facing student loans and a lot of other debt out there.

i don't think we want to see for middle class families, price of a home skyrocket if we pull all the instruments away. you herd the president in his speech talk about support for more affordable rental unitsnd housing. >> right. >> there is a lot of talk how do we get more people comfortable with the idea maybe you shouldn't own a home or own a home right now? maybe afforble renting is a better option. it's good we're having that conversation. i think we need all the options on the table and not just a blanket, everybody should be in a home. meliss you said a very interesting thing in there, this has been a tool for the middle class to make your life better. you own a home and increase value in it but those are the very people that got the most hurt in the downturn and couldn't recover. so maybe we don't want people to view this as a way, maybe focus on oer things, better jobs, more education, other things, rather than trying to create wealth in your life through home onlyship? >> the real issue we need a buildingson about wealth across a number about different asset classes.

i think owning a home is really important one. real estate over the decade is still very importantomponent of a portfolio for at love pple their house is only method of wealth creation. melissa: that is dangerous. not your 401(k). >> it is asset allocation. melissa: thanks for coming on the show. i love to have you here. >> my pleasure. melissa: next on "money" a food fight breaks out between mcdonald's franchise owners and corporate bosses. store fees are storing but should franchises ea the bill? we have one mcdonald's franchise owner up in arms. plus customers already had it up to here with time warner cable. you guys have been saying it on twitter all day i've been reading. way before its brawl with cbs. so people were upset. what would angry customers say to their hated cable operator? we hit the streets and ask them. more "money" coming up. >> you need time prove your service. you need to dropour prices. every year they go up but service really don't improve. all they do is shift the channels around and raise the

prices and you got a lot of people that's frustrated.

♪ melissa: it's a big mack relution. all is not good in the home of

the golden arches. some franchise owners are pushing back to the company from major fee increases from corporate. franchisees, in trying to increase the company's bottom line, mcdonald's is doing everything it can to squeeze more money out of operators. here with her side of the foot fight, mcdonald's franchise owner catherine slate carter. welcome to the show. you say ey have been sfting costs on to you the franchise owner and at the same time they're increasing their fees. on average they have risen 8% in the past five years while revenue has gone up 4%. give me examples of this? how are they shifting costs on to you? >> they are, mcdonald's has decided that the operators should be paying f things training and so son that use to be covered in our service fs.

we pay 4% to the corporation for everything we make on service fees. that was supposed to cover employees and making them come out and making sure we were meeting brand standards and -- melissa: sure. in looking at details, they recently told you you have to pay $80 a year to switch the company's email system. now you ended up forking over more than $10,000 annually, for new software, for wi-fi, for employee training. this is all new stuff tacked on. at the same time i was surprised to read when we all get the benefit of the dolla menu, of the dollar items, you're one incurring those costs. how come? how does the pricing work. when they cut the prices on something, why does that gouge you?

>> because theirth they take their returns and promotion and advertising off of the top. we pay all our expenses and get profits and return at the bottom of the cast said. what happens is, if they decide to discount a sandwich that costs us 10 cents to make we still make money. although in the dollar menu, the first 16 cents goes to the corporation. melissa: uh-huh. >> but if it costs us $2 to make the sandwich, the first 16 cents still goes to the corporation and we have nothing left. melissa: i understand it cuts into what you're making. mcdonald's said they're continuing to work together with mcdonald's owner and operators to iure restaurants are providing great experience for the customers which involves investments training and technology and certainly you know, i know there is a big difference when

you go into aranchise, some mcdonald's you go into and they're really run down and they're not nice and others are, you know, state of the art and are very clean and very welcoming and you want to go. so the investment certainly make as difference. how do you think your experience compares with other people who have invested in wendy's and subway and the like? you have a lot of experiee. your family has been involved in mcdonald's franchises since the '70s. you own more than one. your dad had two. when retired he sold one back to mcdonald's and you bought one yourself. how does your experience, do you think, compare to, if you had been in the wendy's business or the subways business? >> the primary difference at ast for wendy's the owner-operator actually owns the assets ofhe land and bidding but the in mcdonald's,

mcdonald's owns land and building. any improvements put in by the owner operator, even the decor package, come back to the, the corporation's net asset value. they don't improve the net asset value for the franchisee. melissa: let me ask you before we go, because we start ad new series here on money called franchise friday, we're encouraging people, at least exploring option of going into business for yourself because it is so hard to find a decent job these days, maybe, makes sense to be entrepreur. what advice would you give to the folks in our audience thinking about becoming franchise owner. what question could they ask about the future or what research could they do to make sure they don't get in deep with a partner they don't like? on you have a monald's's up and running. you don't have a lost choices. you're in bed with that partner. what advice would you give them, what questions and research? >> you're absolutely correct and i, most of the franchises are

written by the same under the same business model and same format bit attorneys of the i've been working on a bill california senate bill 610, and hoping to go to the as somably and governor later o and it simply asks to have ood faith and fair dealing eered in the franchise relations act but there are only three states in the country who have that. melissa: yeah. >> so, if a corporation is not required to act in good faith and fair dealing and make sure the business model is successful for the franchise sore and franchisee, i think it's a long shot somebody will be happy as a franchisee. there i think is a lot you can earn but i would recommend independent businesses. >> catherine, thanks so much. that is great advice. we appreciate your time and good luck in your fight. >> thank you, very, very much. melissa: coming up on "money," the epa make as stunning

admission. its ethanol mandate is not working. who knew. that's with we've been sing all along. is reversal of the policy an end in the all-mighty ethanol industry? we have a hot debate you don't want toiss. while cbs and time warner duke it out, the competition smell blood in the water. how long before customers go running to their rivals. we took to the streets to find out. >> if they don't settle anything in the next few weeks we would switch. probably friday.

♪ melissa: so whether it is on wall street or main street here is "who made money today." anyone who owns live nation. they made a killing on concert promotion and ticket sales in the second quarter. that helped it crush earnings expection. the ceo says this summer is

shaping up to be live nation's strongest concert season ever. i've been to two already. so there you go. it sent te stock jumping more than 12%, hitting its highest level more than four years. very ni. losing money today, anyone who owns fst solar. it posted dismasecond-quarter earnings including a 70% drop in profits. intense global competition and cotruction related delays forced solar projects weighed heavily. shares tanked more than 13% on the news. ouch. scoring his first number one album on the billboard charts, robin thicke. the blurred lines album seemingly taken ov every radio station in the country. it sold 177,000 copies just last week. that is according to nielsen sound scans. it comes 10 years after thick's first album. love that song. if you've been following money and my whole take on the ethanol mandate debate, you

understand why i'm saying i told you so. it look like the government just fell on its ethanol-enhanced sword. in an unprecedented sp, the government protection agency, environmental protection agency, sorry, is reversing its position on the ethanol mandate and why? because it says itan't foresee a scenario in which the market could consume enough ethanol to warrant the initiative, like driving up food prices or giving industry subsidies. that's what we've been saying all along. is this beginning of the end? here to debate it out, jef cooper from the renewable fuel association, chris faulkner, see low of breitling oil and gas. welcome to the show. >> thank you. melissa: basically the problem we're running up against the lending wall. we're hitting a period where the government mannered date ad certain amount of ethanol, a gross amount has to be blended into fuel. at the same ti, the amount of gasoline we're using is going down because we're driving more fuel-efficient cars, we're making less money. we're not drivvng as far, all those reasons.

we've hit the wall where we can't possibly consume as much ethanol as is out therere. what do you think about that? >> well, first of all, thanks for having me back. i guess we would dispute that e. would call it more after blend bump maybe. you're correct that refibers can't, can't sell anymore ethanol as 10% ethanol blend than they are doing today but there are other viable pathways for increasing the level of ethanol in gasoline. e 85 is one examp. that's a blend of 15% gasoline and 58% ethanol. that is really catching on again. we're seeing favorable pricing for e85. there are ways around the bump. melissa:ou talk about the pricing of e85. i happened to look on the government's website and aaa. they he the price of e85. it is 3.7a gallon, versus 3.off for rular gasoline. >> no it is 2.56, 2.78.

messa: it is 3.7. you have to adjust for distance you drive th c. you want to go same amount of miles. how much does it go 10 miles on gas and 10 miles on e85. then it costs that is according to the government, not me. >> aaa formula -- no there are ndamental flaws with the a formula for calculating e85 mileage equivalency. we could spend next 10 or 15 minutes talking about the foula. the fact of the matter is, if you come out here to the midwest, you see e85, $1.20 cheaper than gasoline today. that more than enough after discount. melissa: let's get chris. you buy the galn. you don't go as far. that is dumb argument. >> yeah, i think the fun if unflaw is with ethanol the fact it is mandated so heavily has to be subsidized in market. realy -- >> there is no subsidy for 2007. melissa: hang on, let chris talk. >> nobody could foreseen the fact we had american energy

revolution. we have plenty of oil, plenty of gasoline in the market. we don't need another fuel source that is subsidis. driven up prices of food. even ep aft agreed to that fact. it caused price of gasoline to go up. face it refiners will have to buy credits because there is a blend wall. demand for gasoline is down because of fuel efficiency. this thing is irrelevant because of fuel efficiency standards has driv this thing to w don't even need it amore. why we're talking about -- melissa: hang on, hang on. we want to hear what everybody has to say. let me ask you, why do you think ethanol makes the most sense versus other types of clean fuel or eleric cars? i mean if we're displacing -- >> natural gas. melissa: 14%f the world's corn, that is corn people want to eat. it dris up the price of food. why is ethanol the answer. >> let me respond to chris. we're looking at corn prices at a ree-year low today. usda revised outlook for food inflation. they'rsaying 2% this year. >> doesn'tatter. >> much lower than the

historical food inflation rate. this whole food price versus fuelrgument is utter nonsense. now in terms of what chris said, yeah, we're happy to see increased domestic oil production. you know what's happening in north dakota and what's happening in texas is great but it hasn't changed the fact we're still spend a billion dollars a day on imported crude oil. it hasn't led to lower oil prices t hasn't led to reduces gas prices at the pump for consumers. we're look imports from saudi arabia are at a five-year high. >> ethanol is raising price of gasoline. melissa: -- more domestic fum [all talking at once] >> using more dough domestic fuel than ever. ethanol is cause of increase in gas. refiners will have to buy credits because they don't need all the ethanol. >> that is not true. >> or they will have to move the gasoline offshore and reduce supplies dough messnly. either one of those thins will cause the price gasoline to go up. whether corn gone up or gone down 20% does not matter.

this mandate is irrelevant. in 2007, george bush put it in place because gasoline usage was go up year by year. it retreated ando down year by year. if it works so well, put it at pump unsubsidized give consumers choice. melissa: i'm growing tough but the last word. >> everyone in mesh knows that. melissa: jeff, go ahead, last word. >> there's a lot of thins i would like to respond to there but obviously,. >> i'm sure. >> the fact we're increasing dough domestic o production here, we can't grab our way to energy independence. >> we sure can. >> until we understand that. >> until w continue to embrace increasing levels of renewable fuels we'll continue to see $105 oil. >> talabout natural gas for fuel then. natural gas. melissa: thank you so much. irited debate. we have appreciate it. we'll let you continue it on the sidelines there. we'll move on. >> thank you. melissa: thank you so much. >> thank you. melissa: now to, whew. now to a breakthrough you've got to see. one company says that dead tree in your backyard? that's the answer to your energy

problems. forget corn. the company is cool plat and uses every, fm oldcorn on the could be, to dead trees to make gasoline of the it is hard to believe you knew it was only matter of time before iwould be done. cool planet says its gas is more efficient than what you're getting at the pump. in case you're as wary as i am, the ceo is here to break it all down. tell us exactly how this works. >> well, what we do, is we use a mechanic process. so what mother nature uses, pressure and temperature to, produce gasoline and jet fuel and diesel toofrom biomass feedstocks. melissssa: do you think it makes to make a non-foodiofuel? you heard the arguement just before you where w talked abou displacing corn supply and things people like to eat or use to other animals that we're going to eat. you're using basically waste.

does that make more sense. >> yeah. cool planet's process in essence avoids all the debates that we just, just heard about because we're not using any kind of food-based feedstock. there is n no arguments around s competing with the food supply. but also, the fuel we produce is not an ethanol fuel. so it is conventional hydrocarbon fuel. melissa: how does the price compare? we were looking at latt estimate from the eia. that is the government, same thing we were talking about there with ethanol. cost of oil purchase to the refiners and production costs an profits, comes to about $2.08 a gallon. what do you think it would sell for at the corner station then, if that's the cost? >> well our cost, all all-in cash costs projected to be less than $1.50 a gallon. that doesn't include capital costs.

cost to build plants. melissa: what is the cost for the driver? >> so really the cost to the driver is going to be the market price of gasoline, especially in our early days. our volumes will be, you know low enough tha we're not going to influence the pricing in the market. so our product down require government subsidies of any kind. it is just going to be competitive product that is going to play into the normal supply chain. and in fact, it can go through the normal infrastructure and be burnedn today's cars. melissa: you made an intesting point. that our audience would care about. you aren't taking subsidies. yoused all private funding. you're currently backed by ge, bp, excelon, north bridge, google ventures, conocophillips and entergy among others. why would somebody like bp and conocophillips be investing in your technology? >> there are several reasons. one is the renewable fuel standards. so they do want access to sell you loss i can fuels. we provide that access.

if you think about it, our product has a unique charactertic. it has the potential to be carbon negative. it can actually remove co 2 from the atmosphere because of the process. that is of great interest to the refiners because in essence it extends their business out into the future. melissa: yeah. >> w don'tequire different vehicles, electric vehicles or any changes. so we can add legs to their conventional business. melissa: i want to ask you about that being carbon negative, because you also mentioned in the notes, i saw that the an electric car is carbon neutral. that is not exactly true because if y look att, the carbon footprint of making the battery, for example, of manufacturing that and what is burned, you have to drive the cars through 80,000 miles in order to make up for the carbon footprint of creating the battery. when you talk about i think it is your bio fractionator that does the process what is the carbon footprint manufacturing that machine. >> actually all of those

calculations go into the carbon negativity. so, it is, all the way from, all the way from the emissions related to producing a crop because, you didn't mention. we can use purpose-grown energy ocks as well as feedstock. all the implications of carbon emissions from entire process from end to end is incorporated into the number and we can end up being about 150% carbon negative. and that happens because of this bio char, that is a coal product as a result of our production. that can be used in agriculture as a soil amendment. melissa: interesting. howard, thank you so much for coming on and explaining it to us. >> sure enough. glad to be here, thank you. melissa: next on "money," you are making more money than you think you are. you can even get more money, without asking your boss for a raise. think about it. a top personal finance expert is going to tell you how in just

minutes. this is very cool. plus, there's a new hostage in the cbs-time warner cable fight, football! willhe two sides reach a truce before the season kicks off? you were worried about this on twitter. fans are already biting their nails. more coming up. >> football is america's sport. so they better be so i'm hoping. there's not, i will start getting angry. my mother de the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea anmake it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ]e created legalzoom to help people stt their business and launch their dreams. go to legalzoom.com day and make your business dream a reality. at lalzoom.com we put the law on your side.

♪ melissa: no matter what time it is, "money" is always on the ve. don't stopes now. shares climbing higher posting a profit in the second quarter despite expectations of a loss. it reported strong sales of its vehicles in north america and increasing profit margins. the stock is more than quadrupled over the past year. lookt that. when it comes to "money," you might think you know exactly what you are bringing in, but you may he to think again because you wererobably making a lot more money than you realize. most people consider their salary, jamaica. there is a laundry list of things tha you really have to factor in. what you'd do, we will tell you how you can make even more. veronica dour.

>> a laundry list of benefits the you get when the average job, and a lot of people don't sit there and calculate the value. obviously e health benefits are big one. how'd it -- melissa: id you qntify what your health care is worth? >> you think about what your health care would cover. ever employer's health plan is different. if you're thinkingbout switching employers, find out from that a juror person, what's involved in terms of premiums. melissa: hard to figure out t hidden costs. that is good one. flexible spending accounts. you want to ask about tt. educational benefits is a huge one. transportation benefits, some companies allow you to get a discount at subway, metro, or

have parking vses of the -- others that don't. gym discounts, employee counseling, backup child care. all these things can bask -- at that. >> it depends on your personal situation. if you have kids it will be an important and huge benefit for you. if you're really into fitness and spend a lot of time at the gym and gym might be a deal breaker. and peoples which companies and it discourages or encourages, vacation time. if they're going to lose a week of they take -- vacation time to as such companies from investing money off e table. that's something you want to think about. melissa: in theory would still take it, but it would be unpaid. >> exactly. melissa: are some companies give you the money if they don't take a vacation. that would be a huge loss. is it weird to get the job offer and have this list and go down

and ask about every single thing? >> i think if you do i in and gingerly way. i don't think you want to be super aggresse, but is a legitimate question. this understand that people have entire financial situations they want to take care of, escially if they of family. they need to consider the benefits wl affect the family, and weighing the whole picture. melissa: up the big one, on the people billing info reviews and sank a my can't give you a rais your right at the top of the pay scale. but maybe you can increase with your take company is by getting one of these things move tire. would you say to them on this list. go with you go in and ask. >> reporter: if -- >> a litt more power to play with potentially, of executives, even if you're not an executive, they are one of the bargaining chips, an extra week of vacation check us out is not completely

off the radar to ask for more time. melissa: doesn't this seem like youon't love your job if you're asking for more vacation. asking for raises, this a note here and who vote - another title, that does have a defined venture -- financial value because it means down the roadew and the money later. paid training. >> that can be huge, especially if companies are willing to pay for an m.b.a. as degrees cost someone's money. that could benef you know and also down the roaa in effect you're earni power then. melissa: interesting. thank you so much. next on "money," as the fight drags on, the competition is wasting no time stealing away angry cable customers, and should not be too hard after hearing reactions like this on the streets of new york city. ♪

>> our bills will get higher and higher. it is much cheapery at least $60 give more

♪ >> are wch cbs, showtime. they're is a lot of grief behind this. stop being such greedy pigs.

stop it. enough is enough. let us what our television programming the way we want. melissa: to stop beeng such greedy pigs. i like that. don't mince words. that was one of the star reactions to the whole mess. a fun fact modified you have been hearing about, other companies are now blatantly counter marketing to recruit time are not -- time, -- time warner cable customers. it may not be all that hard. if youonsider the steps. according to the american customer satisfaction index time-warner cable has the lowest customer satisfaction rating of all the cable tv providers, and it was the sixth lowest in customer satisfaction of all companies inthe survey, some bottom-line, everyon already hates time warner cable. let's bring in an industry insider, our very own media. so many people say they hate time warner cable.

they jacked the bill of month after month but don't want to cut the cord. it is so face it -- if so hard to wait for the gg the your cable set up in the technology working in there when it is working you don't want to shut it off because you are mad, but they pull the plug on deal with th fiasco and people like, you know what, maybe it is time to get directv. what do you think? >> you raise some very good points. theris definitely not sharing and the part of consumers looking to switch services. i have got to set the customer satisfaction issue is narrow a surprising. satellite television has always kind of garnered much higher than customer satisfaction. the situation where it got a brutal battle between two major providers will bring a lot of the issues so forth. coming through second quarter earnings and seeing that there is evidence of court cutting, consumers are looking for alternatives. theyave let people more and more of the options out there.

melissa: other companies are taking advantage of it. somebody here in our office said they got on the other day and rcn was waiting in the lobby and the net and citing people up and saying, is your cbs often active running very aggressive adss directv on the other hand, they say that there not try to open late puts customers. but they drop their price. >> there is an industry kind of -- we should not do that sven thing -- do that. richard greenfield, an analyst for started calling for these guys. and directv put out atatement last weekend same basically they're siding with time warner when they ought to be competing against them. it is a frustrating thing, but i do not think that most customers will bother. as soon as you switch out of time wner cable suddenly this will be over. what did i even bother?

melissa: because you already hated them. your bill was so high. the word peoplple on the street that we spoke to. i took this the opportunity to look into a file send it is much cheaper. thank you for shutting off cbs and other with to the trouble of finding someone else. coincidentally then dramatically slashed severe the price. l of a sudden today the price is 2499. coincidence? i to think not. >> the competitive environment has never been more cutthroat. i think you ceasefire and all lot of others that will try aggressively. to the point, the product shape today is not really for, you know, cable and satellite guys to a kind of compete against each other. it used to be several years ago when this kind ofattle was grilling you would see the

tellite as advertise aggressively andnd vice versa. melissa: absolutely. and i want you to start. if you are sitting at home right now in the sake of my had enough time warner. how can you figure out what you can use? as are you giving people advice earlier. you can plug into your computer and watch on that computer. >> and netflix is a great option. you can do that. apple tv. you're not watching le television. in new york, verizon is a great option. if you want to rip o the cable and start over. melissa: in your area. and it that's true. i had someone come out to see if we can get the signa and i'm very happy that i did. totally worth it even though a was a pain in the neck. what would you tell people? our they figured out what they can ssibly have?

what is your recommendation, and it benefits? satellite guys obviously. they do offer options for consumers to get a lot of these same programming, not only within the home, but also outside. i think to the battle we are going through it is no surpre. i think the sticking point has to do withhe digital rights. so as you look at digital rights and the ability to consume programming on ago it will become more and more important. i think that is what the consumers are going to all of a sudden realize that. this is not as limited as it used to be. >> if this fight goes into the football season, direct tv because you can get all of these games which could switcheople. melissa: nfl sunday ticket, baby. i got it. ourmoney" question of the day. thanks, guys. people are furious with time warner. are you? it has certainly hit a nerve, hasn't it? favre response to my turned in

my time warner cable equipment along time ago and immediately took a shower. i love that one. even follow me on twitter. coming up on the "money," a famed chef bans kids from his restaurant. it may sound, but with a leg -- leave egg? we are serving it up and "spare change." you can never have too much "money." ♪

melissa: we have breaking news in on jpmorgan. the bank is faci criminal charges and civil charges over

the offering of mortgage-backed securities from 2005 through 2007. we will bring it to you as we have more on it. now turning to our daily fun with "spare change." this is the water cooler story of the day. this houston seafood restaurant run by the reality tv chef banning kids ages seven and under after 7:00 p.m. posting new rules on the facebook page not surprisingly causing quite a stir. they a lashing out right and left with comments like it is okay f adult to be drunk and act like fools, but it is not okay for kids to laughnd enjoy a meal out with the family. that is a decent point. the restaurant policy can measure customers recently left because of screaming kids. do you think this makes sense?

>> i have no problem with this whatsoever. if you want a certa environment and is a positive place, you have every right to lay down the rules you want to be in place. the owner of this restaurant says if you have small children and you want to come to my place we are happy have you before 7:00. >> i am going to say now that there is no i in team. i am not going to let the mac eat there. meliss i like going to something that is ke for kids versus kids band. if it is a kids movie never list making and everybody dropping something and everybody has something, you don't feel bad. when you're the only one, you feel like a heel. i don'mind the segregation, yet it will be unpopular. maybe because my family is so loud.

>> you have small children on an airplane and the child starts crying for a transatlantic flight you feel so bad for them because there is nothing they can do about it. melissa: one of our producers said we should have family flights and adult flights. >> you don't have to create a rule about it. we would not have to do these melissa: good or bad for business? do you think it is a boost to take kids before seven, or do they alienate the base? >> it is aood idea in terms of business. but if not you can watch them revoke that rule. lissa: have the alienated parents? >> we will not impose the cut off and go out to dinner without our youngest. melissa: he must be really well

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