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tv   MONEY With Melissa Francis  FOX Business  August 30, 2013 5:00pm-6:01pm EDT

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boots on the ground but crimes against humanity cannot go unpunished. stressing any action would be limited. cheryl: that is it for us. "money" with melissa francis is next. melissa: i am melissa francis and here is what is "money" tonight. a new study sets off a firestorm of controversy. we are bringing on the professor to explain and respond. plus, it is the best day of the week, it is "franchise friday." how do you hire the right staff? franchise owners tell us how to achieve success. and who made money today. after all the money they hold in, find out who it is. even when they say it is not, it is all about money. ♪
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>> the president has been clear, any action he might decide to take will be tailored response to ensure a brutal and flagrant use of weapons is held accountable. and ultimately we are committed to come we remain committed. melissa: we have a live report from the ground in the middle east. president obama and secretary of state john kerry had strong words on the situation. military action has not yet been announced. in jerusalem with the very latest. what is the very latest? >> melissa, the israelis are expecting a military strike to come. front page of the military paper, waiting and a picture of the israelis lining up with gas masks, thousands of people lined up yesterday for gas masks in
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case president assad makes good on his promise to burn tel aviv in the events of a u.s. strike there on syria. if you did not get your gas mask yesterday, he will not get it today, tomorrow. but the islamic military has canceled we can leave for a number of soldiers, essential personnel remain on base and they have the defense systems including protecting the city of tel aviv. in syria all this talk, the war of words is giving them a chance to move a lot of their weapons. moving the scud missile launchers, a number of the headquarter staff are being evacuated, possibly some of the helicopters. they were also wearing the chemical weapons facilities have been evacuated, all those weapons have been moved out possibly to avoid a u.s. strike, looking the targeting systems for the united states to make sure they don't hit a place chemical weapons had been moved into. u.n. observers say they have
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finished their work, their investigation of other chemical weapons. it could be a long time before the report becomes public and obvious a lot of folks say does not matter what the report says, the united states has made up their mind what will happen going forward. in israel a lot of tension not only about the strike on syria, but by the israelis in terms of what the united states will do with iran, and other issues here in the middle east. one person said he thinks it is time for the talks to stop and the tomahawks to fly. melissa: thank you for that report, stay safe. we want to bring in chris harmer. author of "the battl battle fore soul of islam." it is a terrifying situation for civilians on the ground there. you asked some of your family members you talk to to come on
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the show with us and they were afraid of retribution, is that right? >> not only afraid of retribution but they don't know if they can trust america anymore. we have threatened and threatened, they are like we would do this if it was worthwhile and we knew this would bring an end to it, but just a little bit as "wall street journal" calls it a pinprick will unleash if you think it has been bad so far, they will stop at nothing. this will not be a shot across the bow, and intentional miss. if they knew it would be a final blow, they probably would have been on. it is not something we want to put their lives on the risk for. melissa: is that something we are likely to see here? >> unfortunately that is what it looks like we are shaping up to do. you have an equally small set of the population aligned with the
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radical islamists such as al qaeda. what we have is a large, substantial quiet silent majority of syrians who wants to live with freedom of prosperity and democracy. these are the people putting their lives on the line. they are begging us for their help. they would have no choice but to overthrow assad. this is the worst possible outcome, a limited strike is worse than nothing at all. we have strategic objectives. the president needs to leave and explain how limited military action will explain because i don't think it will. melissa: how are they getting information? you told us minutes ago syrian tv was telling people that there are no bombs coming right now because americans on warships are defecting to syria. is that what they're telling people? >> it is. that is what the syrian
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information propaganda surge is telling people. we even had a posting on facebook that "the new york times" said the american military could never defeat him. the same thing from iraq where they were saying all of this crazy stuff. this is an information war. you don't go around threatening an arab dictator who is used to being a military control autocratic ironfisted man in charge. you don't threaten him, and they will continue to push back saying the that have control ofe society. on the ground are getting information through social media that is still open. he would be unable to communicate with his own people that he is using to suffocate the neighborhoods. there is a lot coming if we don't do this right in the next week. melissa: what did you make of what secretary kerry said? what was the message? >> a compelling argument we have evidence this was in fact the
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regime that used chemical weapons as if there were any doubt. but he still did not give us a firm message and what the u.s. was going to do other than a strike across the bow. the worst part of this is this ties into psychological aspect of warfare. the limited strike against assad only encourages him and malfeasance and counterproductive behavior. if what he is doing is generally a threat to the united states of america, and i think it is, we have to deal with it firmly. these are completely irrelevant to a man like assad. melissa: now there are reports out that people who actually took the video that we keep seeing, that is really tough to watch of the bodies lined up. i don't know how much of this we want to show, but the people who put these videos later died from exposure. what does that tell you about how important it was to the people in syria to get this message out?
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>> this is their hope the matter how long it takes. you asked me when is it too late? it is never too late, you know when a gas attack the doctors get injured and will die often. the healt health care providerse camera, they wanted to get information out to see the crimes against humanity being done. the syrian military is not that strong, it is on its last leg. they are fighting the courageous syrians of the ground, the millions are much more to be feared for by assad and the american military that seems to not be attacking the way we should. i can tell you none of them are showing up for the draft assad is doing. if we do this right, the junior and midgrade officers will be defecting very soon and that is why they say americans are defecting because they see this happening in their own troops.
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melissa: all right, thanks to both of you. >> thank you be it melissa: next line "money," new study says poverty reduces your brainpower. wait until you hear this one. plus, a marijuana merchant on the fed blessing states with legalized marijuana. we will get down how much green this decision will bring into the pot industry. a lot more "money" coming up.
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♪ melissa: soak and having more money make you smarter? a new study seems to say it does. poor people trying to make ends meet spend so much of their brain capacity worry about their finances they don't have the room to think about other things and those very people can actually shave 13 points from their iq. here to bring it all down as a member of the team that conducted the study who is on the phone, and a neurologist at
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new york presbyterian hospital. welcome to both of you. let me start with you. give me the basis of this study, does it make people less intelligent that you can measure it with an iq test? >> it makes the less intelligence the fact they perform slower. compared for example to an earlier version with the same test was given and a national destruction to impose other cognitive capacity. melissa: explained to me how it works in a non-science way. how does it work? >> w who walk around with a limited machine, it has a capacity, rehearsing a new phone number, you have less for other things, you take longer to press the brakes on the road. for likely not to notice things that happen along the route. basically the argument is when
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the poor struggle with managing and budgeting their finances from day to day, there's less to deal with other matters including the tasks they are given. melissa: do you buy this? a lot of people are distracted by a lot of different things. for example, you get somebody like jamie dimon, he is very wealthy and also very busy and very distracted. it seems there are a lot of things that could take up part of your brainpower that you are stressed about. >> it is safe to say cognitive reserve is really on a spectrum. it is true people who are distracted will have a more difficult time performing other tasks, the classics would be texting while driving. they drive similar to somebody driving drunk because they are distracted. in this study there demonstrating in distracted by poverty is also going to lower
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your performance. melissa: is that basically what you are saying? it seems like you could be doing a lot of different things whether you have a huge project you have to deal with at work and you are spending all of your brain capacity worried about that, or is it different from spending all your time worrying about it? >> the insight is somebody like jamie dimon can move around, control it. you can say if i can wait 10 minutes, let me do with t you have rent payment and other things of that sort, it comes to mind at a very different level, it is hard to put them out of mind. it can deter your attention. you cannot think of anything else during that time, you may neglect things that matter.
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melissa: why is poverty something you cannot move around? jamie dimon has tens of thousands of people in his hands every day, all of his employees, it doesn't seem like something that is easy to compartmentalize and moved to another part of your brain. >> what makes him a good ceo is he manages to delegate a lot of the response ability to be both who help him and managed to give him more time and take care of other business. he quite compartmentalize his s that he does. melissa: do you buy that poverty is different from the other things that might take up your brain like response ability for other human beings or other things that are equally as important or seemingly almost life and death. >> look at the study very specifically, groups of people who are rich and poor. people who are richer in this study did not seem to be affected by the stress of the
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car repair. we don't know if we gave them a stress like your family member is ill, your child is sick in school, that would not have had a similar effect on cognition. melissa: what is your conclusion of this? what does it mean? if we buy the premise that is very grim trying to get out of poverty. >> we have to be cognizant facing limitations on a daiiy basis. for certain aspects of their lives, for other things they need to do. depending on the school needs, et cetera. melissa: thank you to both of you, thank you for coming on. coming up on "money," imagine if your company paid you to pursue your dreams. one business did exactly that giving 500 paid hours off. one of its partners tells us exclusively how it is boosting
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♪ melissa: so imagine your boss tells you you are getting four months off fully paid including benefits all for the purpose of pursuing your personal dream. workers at an ad agency minneapolis were told to take off from april to august of this year to do whatever they wanted and come back reenergized. may have cost new clients but the company says investment was well worth it. really? joining me now in a fox business
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exclusive. welcome to the show. you didn't lose all of your partners? you had four months when nobody was there working, how did you keep your business alive during that time? >> it was 500 hours over four months but it wasn't all the time off, about 75% of the time off so we focused to make sure the current business came first. if we are really busy one day we will make it up to you the next day. we turned down new business and we shut down the new business pipeline. melissa: why? >> we saw an option and we took it. build contacts for the small advertising agency in the u.s. when you are in a creative field you have to stay sharp and re-energizing is a big part of it. that is one thing we did and we love the people we work with.
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we wanted to do something special for them and for ourselves. melissa: they were not allowed to do nothing. how did you monitor what they were doing and how did you make sure they did not get another job and double dip during that time because you are paying them. >> we said the intent of this is for us all to have a great time, gets better, follow our passion, you can go working for other companies and things like that. we realized for people to be happy, they had to be doing stuff 75% of the time can get to be dealt, but we encourage them to do things and think about it because part of it is stepping back from the day to day grind. it took a month or two to find out what they were passionate about. we would get together every day for work for a couple of hours.
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we would share with everybody else was doing. that put pressure on people to be thinking about as soon as started doing amazing things, it was inspirational for other people. melissa: did you notice people were coming back after labor day, did you notice a difference? >> everybody is back. it is a huge difference. i noticed in some people very deliberately, some people met with us and said everybody looks transformed. the fact is we live pretty intense lives. when people step back and get energized, that is the most, the most recharging anybody can ever do. it is not about doing nothing, it is about doing the things which really get you arrested and refreshed. melissa: thank you for coming on and talking to us about this.
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>> thank you for having me. it is a pleasure to see so many people interested. anybodanyway looking for an ad , call me. melissa: you would have a lot of calls. thank you very much. good, good. next on "money." you know what day it is, it is "franchise friday." the next step is how to start staffing up. a couple franchise owners are here with all the questions you never knew to ask. plus, who made money today? they are all about the cloud after today. we have the answer coming up, "piles of money" ahead. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers
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melissa: announces the very best part of every week. its franchise friday. q know by now that i have always dreamed of opening miles franchise. each week removing one step closer to getting everything going. franchisees' a here to tell you about their success, and maybe some of the missed opportunities so that you know exactly what it takes to get in the game for. last week we covered cutting through the rest take care this time, joining me now, our friends does honor visa started their first there is trying to get up and running. rita former nfl player as well. you were on yesterday van. >> did for me. melissa: that's right. you been a huge success. was something you could come back.
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you still assigned fund allocation. and know that when. you have to be thinking about staffing. and the figure of how many people yet tired, he need to go where and what? is the franchise to you that? >> they tell you. the budget. they give you a guideline of what you have to anticipate. interviews before and. about two weeks before the store opens they send out more extensive training which is excellent. melissa: what would you say about that? having to successful franchises up and running, which you just take the in vice from the franchise company, or is that a guideline and yet to figure out for yourself? >> certainly a guideline, but you have to figure it out for yourself. we took the time to interview every single employee from each launch. we know our corporate culture
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better than anyone else, and we know the value system we're looking for. we certainly hire our managers and a power than the manager people, but we wanted to hire the entire work force we get off to a good start. again, honestly, people may see me. i try to like and some. the the date -- melissa: you're doing it. >> but the people calling for pancakes a going to see my servers to my cashiers. those folks are really the true phases of the franchise. any those folks. melissa: sibila four? t do background checks? have you still see it? >> absolutely. background as a part of it. and what we like to say is a rehire personalities. you know when you see it. there's a spirit of customer service and a willingness to be helpful. those things come right at you if you know what you're looking for in a heavy. we can take you in teach you have a full the napkin, house of
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place the menus and from our guests, had agreed to guest with the proper words, but if you have the spirit of customer service and a natural smile, i want you. if you don't like to smile, i'd like you. melissa: folding the napkin. i had no idea that was something you had to do. you were nodding your head. >> he is absolutely correct. he really is. melissa: how important is it to be entirely staffed up when you get started? wonder if this is one of those things we start with a few people. it's a big commitment to bring people on. >> absolutely. you have to be well capitalized because you have to be well staffed. at first impression, it's like anybody else. the first impression is everything. if you have someone come into your store in your slow and the food is cold because it did not come out fast enough for the server is not attentive to their needs, you're going to have problems. the chances of them coming back isn't good.
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we're in business to not -- to make money. so we have to invest. we have to invest enough people to be well staffed, and then after time, 68 weeks teeeight 90 away hours like in terms of sales. after maybe six to 12 months, this is one among the it looks like, saturday afternoon, and you can start staffing for yourselves. the end of the day you can't lose money. if it doesn't make dollars, it does make sense. melissa: i feel like you going to take over the shows sen. i digress. >> i would never. melissa: let me ask you, have they told -- dollars wonder, they dictate to you what hours you can be opened? you able to figure that out for yourself? if you're near a college campus you may want to be open until 4:00 in the morning. >> open 60 hours. can actually r own hours after that. the cassette, a college campus. you will be open at 2:00 in the morning thursday, friday,
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saturday. tuesday sometimes. it all depends on the area. melissa: this stuff. and so fired up. thank you so much. you going to come back to the show? we need your help again. >> what else could i be doing? melissa: i don't know. thank you so much. you have a business around. anyway, thank you. >> thank you. >> thank you. a new study screamed for money talker. incivility in the workplace. melissa: through co-workers can cost businesses big time. -jabs have been proven to lead to lost productivity and talent. we found no one is really a man. is not just in offices everywhere. it's happening as high as the federal reserve. here to weigh and, scott martin from united chief advisers. fox news legal analyst. thank you for being here. you guys surprised by this? first of all, what is your work
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place like? >> i want guys. i tell you, listen, it's funny. the kind of perils of government work. people at the office acting unilaterally. the boss is not listening to the assistant. it's like you said. it's kind of rampant, but it does not seem surprising to me that at levels of government, where british as a commoner people acting out of turn. i think the real issue here with the fed -- and greuel pro we talk about this. this is not the same federal reserve bank greenspan ran. there are differences nowadays that think the fed is up against that probably change the morale. melissa: there were looking at federal employees. the work force showed that there were demoralized. there -- teamwork was nonexistent. innovation and creativity were actively discouraged. that seems pretty creative to me
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. in one of the surveys they did, the talks to a thousand people at a public relations firm and found 26 percent of respondents had quit their jobs. this is a big number. an uncivilized. >> the study is not remarkable in the sense that it makes complete common sense. if you walk into your work environment and people a smiling, even if they don't really care, but they at least ask for say your name more knowledge you. the ten ft. 5-foot rule. just the knowledge and my name. that makes such a difference. this kind of grunting and you, are mean to you, of course of the of said. it makes complete sense. smile. won't crack your face. melissa: what is the ten ft. five of rule? >> if you're 10 feet away from
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somebody you have to at least say hello. if you're 5 feet away your fd user name. the problem is i'm so nearsighted that around here people think i'm really stuck up, but i'm not. melissa: that's very funny. people are very friendly. it is the kind of work environment where everyone is really supportive. people came into my office, kennedy the help you. it does seem like it makes a difference. melissa: it makes you want to be here. and also makes you -- it makes you feel like you want to help the person next to you, even if your not getting anything added. altogether that makes the whole thing better. is that real? there is that. >> and then you have a big cleanup finance which takes away from taking a job. i don't know. i'm with you. it's a team effort. i think the tough thing these
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days is everybody's trying to get ahead of the company. every companies trying to succeed. how we get there is a key. i tend to think that the united states as a whole does a pretty good job of teaming up and trying to rise together. let's face it. other countries around the world, even other businesses in the industry friday each other's lunch. don't forget, even in the network business people jump around and take secrets and that diaz just to try to make themselves look better. melissa: we would never do that. >> and this may sound very pollyannas. pallas believe this model of the was good for my friends and my colleagues is selfish to give for me. it's for everybody's benefit. melissa: sometimes that's true. if you're working in a team environment, but if you're working in the trading world if profit is taken from someone else's loss. it's more of the a zero sum game
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. as a winner and loser. an usher to mark works in trading and investing and less by a team working sharing information. outsider trading. melissa: you're right. that is first tv cohen's group. that's the thing. lynyrd trying to make profits, is trying to take somebody else's ineptitude or somebody else's weakness to make money and around. as the tough thing about trading , melissa. when you have been added trading groups, even guys with death and trading group, the china outrage other. year ended competing against each other. makes it a very dicey game. >> you can do that and not the enemy away. decades to put them in prison. melissa: you did nicely. that's great. let's and on that one. next on "money," smoked and if you have them. the federal government
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legalizing pot. the big green thumbs up. who will pick apart the marijuana moneymaker with the retailer. he never have too much "money." ♪ hi, i'm terry and i have diabetic nerve pain. it's hard to describe, because you have a numbness, but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. once i started taking the lyrica the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores from diabetes. common side effects are diiness, sleepiness, weight gain and swelling of hands, legs and feet.
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♪ melissa: talk about that green thumbs up. major moneymaker marijuana news. the fed's issue a historic ruling giving legalized but the go ahead saying they're better off focusing enforcement efforts on more serious issues. great news for states and businesses looking to cash in on canvas. we're going to find out firsthand what a high this is. joining me now, co-owner of green and healthy wellness, marijuana dispensaries in colorado and an attorney with us as well. she is on the phone. nicole is with us in person, and
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julia is on the phone. let me start with you. walk me through what the ruling means. >> basically what it means is that we're hearing from our law enforcement officer and chief that he is using his discretion to prosecute these cases. states that have allowed marijuana. you would legalize marijuana. turn their attention to what they consider to be more serious crimes. does not change a law, but it's also a lot about how they feel about which cases they will accept and prosecute. melissa: does this make a difference to your business? >> it makes a huge difference. everybody who has been in this business has been under cloud for years worrying about if they follow state regulation if the feds would step in and shut us down for some other reason. it takes a lot of our shoulders. melissa: they did not say it's legal. they said they would not pursue it. it does not give you an indefinite green light. it could be -- in no way, they did not change the law.
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it could be like a bait and switch. >> a kind of pointed out things that they would consider. most of the legal business already make sure they follow state law which does not allow you to read sell to minors and have guns in criminal activity which is what they're focusing on. go ahead. it is just a relief. melissa: is she interpreting that correctly? what kind of advice would you give her? >> is a difficult position. there will be prosecuting people if they are using reasonable boundaries and falling state law. melissa: what did you learn? >> i was down there for a local issue. even know, but has little as
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recreational, it allows separate counties and cities to opt out and still not open recreational storefronts. i was down there. i heard rumors that even though the band had been a place in effect for call ron springs, there might be some leeway. it was totally false. melissa: what does this tell you about the future of marijuana? what is the next logical step here? >> i think the next logical step is to have it be more than a discretionary decision. congress may ultimately need to step in a look at the laws and find out whether or not we can modernize what we're doing with marijuana from a legal standpoint as opposed to just a discretionary will we prosecute standpoint. they need to change the laws. melissa: interesting. thanks to both of you. >> thanks. >> thank you. melissa: next on "money", wanted was an answer to my question. do you remember this? getting one proved impossible. it did not end well. it sparked a firestorm on twitter.
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did i cross the line? did i go too far? wait until you see this. we have it all in "spare change." you can never have too much "money," but you can not answer the question and get thrown off the show for it. ♪
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♪ melissa: it is time for little friday fun with "spare change." today we are joined by susan sullivan and jerry guy randolph. thank you for coming, this is a special one. >> it is. melissa: we created the water cooler story today stray from our show. everyone has been weighing in on
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my interview last night by striking fast food workers and whether or not they should be paid higher wages. one of my guess would not answer the question. a kind of had to throw our of the show. astor, if you pay some people $15 per hour you're going to have to fire others. are you okay with the idea that some people may get fired. here is what happened. watch. >> in not answering the question. is it worth it for those people to lose their jobs? >> what we have an investor is to today, work hard and they get paid ages. but -- melissa: and not the answer the question. if anachronism the question, give you one more shot. yes and no? >> fast-food workers need to make more than $7.25 an hour. melissa: never mind. we have to go. you can respond because you don't answer the question then you don't get to be on the show. thank you so much. by. >> i would love to answer the question. melissa: no, units are many questions -- chances.n the back.
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i created quite a firestorm. you guys got on twitter. even before i ask you to respond. somebody said, well, she did not directly answer. this was one of the few negative ones. about ten to one positive to negative. i'm not sure would have done this. they said, you came across as rude and pre bias to the corporate side of the argument. you know, i am pro free-market in. another person said, she was bringing nothing to the show. i was bringing more to this show watching and she was sitting there. the right thing to do. i love that one. what did you think? >> i was right with you. these bleeding heart liberals that one answer the question. their political rhetoric. a poll your emotional heart strings. people need to make a living. melissa: said of think it is a liberal conservative thing. sometimes people, so and have
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their preconceived talking points and they have the message . that is what they will say, no matter what the question is. it's fine if you tried that once, i'm going to say, because i am actually listening to make, but you didn't even bother to address the question, which was it some people -- in the half to pace about 50 miles-an-hour. somebody runs the business, i'm going to have to fire other people to do that, is it worth it? some people have a living wage and other people don't have a job. as you would not even come close to a knowledge ignore answering the question. >> you really cannot look at it as a vacuum effect. the question really was not a fair question. black-and-white question. if i were to respond to her position, would say that we need to do with the overarching problem and the fact that within the industry they're needs to be reform. melissa: i'm going to have to run you of the show. is it worth it to you if somebody has to get fired? that is what business owners and
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told us. i would have to cut my staff. there was a guy from seattle who said he would like to, and is willing to ante well, but he has to fire some folks. >> that is why it is not such a simplistic question. [inaudible conversations] >> this is just exactly like the health care question. when the health care debate was out, you know what, if this passes we are going to have to fire employees. we will lose jobs. no, no, the talking points from the administration. >> the sad reality is that they do increase rages and will have to fire people. melissa: there you go. i would say to you, i don't accept your premise. on except the people would have to be fired. as a way. instead it was like and said
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nothing. she's now running michele. >> she should have been cuts to come back. >> in know what can i tell you what, herbie coach should have given her something to come back. that was anticipated question, of fair question. if they come back and say business is a bad, wrong. melissa: i loved all of your responses. thank you so much for joining me. keep them coming. i am the one that weeds -- reasoned response. thank you so much. you can follow me. you guys about coming back. who made "money" today. they found all the "money" then the floating in a cloud. the answers right after this. ggj
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melissa: whether it is on wall street or main street, here is who made money today. they are finding piles of money in the cloud. sales surged in the second quarter. revenue also hiked the full-year forecast, that sent the stock to a record high. nice. losing money today, everybody who owned krispy kreme doughnuts. they went on a crash diet, came in short of estimates on the top and the bottom line. operating expenses and foreign sales tumbled. the news a bitter taste to swallow for investors. not good. making a million dollars hole in one. did you see this? he paid $125 to enter the golf tournament, and then he nailed the $1 million prize to ace the
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ninth hole. the odds of sinking a hole in one, 12,500:1. i hope you made money today. monday we have an awesome show. tune in. charles: hello, everyone. i am charles payne, it is time to make some money. no more days at the beach and the stock market the toughest month of the year. i will tell you what to look out for in september. and the notion of so-called cheap stocks and the idea we play the market. the worst is the false idea of diversification. more than likely have fallen into that trap. we covered a lot this week and we will give you coverage of the week and months ahead, because it is all coming up on "making your market."

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