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tv   MONEY With Melissa Francis  FOX Business  September 10, 2013 5:00pm-6:01pm EDT

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with the foreign minister of russia on thursday. we just heard about that. there may well be a diplomatic solution. we'll watch all of this unfold tomorrow. we hope you're watching with us. we encourage you to do so. right now, melissa and money. s. >> we have breaking news on syria tonight. the ground is shifting practically by the minute. wow, today is a whirlwind and backtracking on proposed deal for syria to turn over all its chemical weapons. just to recap, france said it would propose a u.n. resolution that would allow inspectors to find and destroy syria's chemical weapons stockpiles but it opened the door to military action if syria failed to comply. russia shot down that proposal. and said it would submit its own specific plan to rid syria of chemical weapons, but only, with the contingency that first, the u.s. would have to agree not to attack. meanwhile, president obama met with lawmakers on capitol hill
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asking them to delay any vote on a military strike as the white house tries to work out a diplomatic solution to the crisis. then russia seemed to back out of its own deal at the moment. causing cancellation of u.n. security council meeting that was scheduled you will to happen an hour ago that didn't happen. just a short time ago, syria's foreign minister announcing on russian state tv that the assad regime wants to hand over its entire chemical weapons stockpile and join the chemical arms treaty. they admitted they had the weapons. it changed a thousand times. hard to keep track with the situation so fluid. let's start in the middle east with fox news's conor powell in jerusalem. connor with all the developments the last few hours, what are you hearing there in the middle east? >> it has been a dramatic change. just a week ago it seemed like
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the middle east was on the verge of war. now the war button has been put to pause. the region is in really in a state of limbo. it doesn't know what is going on. it is waiting for developments at the u.n. and washington and moscow. this entire region in israel, saudi arabia, jordan and turkey, israel they're waiting and watching to see what happens. as the region is in limbo, the underlying facts on the ground haven't changed. assad is still in power. he continues to have chemical weapons. the syrian civil war is continuing. thousands are dieing. syrian national committee, one of large opposition groups actually based in turkey right now they issued a statement that the russian plan doesn't do anything to punish assad for his crimes, for use of his chemical weaponserrer about a month or so ago in august. privately officials here in israel and jordan, turkey, really across the entire region they don't put much faith in vladmir putin and this russian plan let alone and the president
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assad and syrians to follow through on this. there is a lot of skepticism here in the middle east, here in israel and across the entire arab world that bashar assad will come to jesus and find his way, all of sudden give over the chemical weapons both he and the russians have sort of denied even having in the past few weeks. so there's a lot of issues. this is a region as you next melissa, where they really put an emphasis on actions and not words. right now there's a lot of talk but there's very little in the way of actions being sort of put forward right now, melissa. melissa: absolutely. conor, thank you so much. to the latest word on reaction from inside syria and how if this deal moves forward for syria to rid itself of all chemical weapons, how exactly would that happen? how would officials be sure the entire stockpile is accounted for? i don't know. we want to bring in "money" military expert, chris harmer, from the institute of war and
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dr. saudi jasser, wrote, study for battle for the soul of islam. zudi, i want to start with you, what does your family in syria think about this back and forth are they focused on it? do they really believe it? >> they're not talking to me anymore. they're not trusting anything we say to them this is genocide on a population of 23 million syrians. yes, 1500 perished in the chemical attack but the bottom line is, that, they're seeing a policy that is feckless, that's being played by an arabic dictator who is in cahoots with the evil empire they see working with iran. they are hopeless and they don't know what to do. they certainly aren't looking to america. they're starting to turn more saudi arabia and qatar as only ones that have faith that the syrians can find better future for themselves than assad. they remember when the chemical weapons attack happened a few weeks ago, the u.n. inspectors were only a few miles away in
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the four seasons. they're not hopeful that the pathological liar of the assad regime will be basically honest with the u.n. melissa: zudi, i want to be plain about this. a lot of people would say this is step in the right direction. you don't see this as step forward in the right direction? >> listen any chemical weapons out of evil dictator of assad is food for the world. less ability to hurt his own people, threaten israel, hurt americans, no doubt. if anybody believes it will be easy to get them out of syria or trust russia and his troops mobilizing them, i'm sorry they're being played for fools. he won't mobilize all of them. he is buying time to suppress this. this is game and chess match he thought five moves ahead while we languish in political one moves ahead. david: chris, let me ask you, you are of course an expert in the institute of war. what is the process here?
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is there a way that weapons inspectors could realistic ily go in and get their hands on all weapons and take them out? should we feel hopeful. >> there is absolutely no way the weapons inspectors could be certain what they're getting here. two things weapons inspector required to do an effective job. they need permissive environment. important to keep in mind weapons inspectors are not military personnel. this is not military formation. essentially civilians, technical experts going in and looking at evidence that is there. they have to have a weapons environment. syria in the midst after horrible civil war. there is no way they get close to any of those facilities. second thing they need cooperation of government. no possible way that bashar assad will cooperate. i want to make -- melissa: he is saying he is going to cooperate. in order to let inspectors in, doesn't there have, don't they at least have appearance of peace while they're in the country? otherwise why is assad offering to let them come? >> assad is offering to let them
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come he knows by letting them come in he obviates american, american foundation for a strike. as long as weapons inspectors are in syria, he knows that america is not going to strike. saddam hussein did the same thing throughout the 1990s. he let weapons inspectors in. he gave them the heisman in sense pushing them off on different places there were no weapons. he eventually kicked weapons inspectors out. 1998 we did a three-day bombing campaign of hussein and back to operations normal for saddam. bashar assad is looking at playbook and taking it page by page and saying as long as he has weapons inspectors in the country he has no need to fear american reprisal. the fact we're talking about this, the fact we're talking about the tactics of how weapons inspectors go about their business means he won the strategic payment here. he has taken the military strike completely off the table. yesterday, yesterday morning -- melissa: it doesn't, let me ask zuhdi. it doesn't seem like it was on the table any longer.
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from here in the u.s. the president didn't have a lot of support. we we were coming to strike anyway so why make this offer? >> melissa, we don't know what is on the table. putin is putting things on the table. there is no strategy. all of sudden we went from punishment to promises to no future attack and there is no strategy what the future is, what the vision is what is going to happen in the middle east. we've been now being given ultimatums by the russians we don't do any future at fax if they remove. all of a sudden an act of force will force us to lose our military sovereignty who we can attack when and our come mannedder in chief is on edge of maybe saying we won't attack ever in the future in exchange for some pathological dictator to move chemical weapons. this is beyond infuriating. i don't ion know where to go next as far as strategically to help. some of us conservatives have been trying to help the president in forward strategy of syria and we're having rug pulled out from under us with a commander-in-chief who doesn't
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know which way he is going. melissa: chris, there was a lot of brave talk and this is result of president looking very strong because we were about to attack. they have in a sense blinked. is that a fair characterization of all what happened in your opinion. >> i stay as far as away from political analysis as i can. i'm a strategic analyst. there is no possible way that the result what is we're seeing today is result of a well-thought out strategy by united states government. yesterday morning john kerry made a slip of the tongue, sure if assad gives up chemical weapons within a week everything will be fine n conjunction with that he said but he isn't about to do it and it can't be done. the state department immediately release ad statement that said, concerning the impossibility and unlikely hood of assad turning over chemical weapons he claims he doesn't have. so 36 hours ago, our government was saying this is an impossible course of action. today we're embracing this course of action. we've lot complete sight of our strategic priorities and we're tied up in tack tack tall
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details. this is great move by putin and assad. they beat us hand down. melissa: zuhdi, has he scattered weapons across the country someplaces no one will find them now? >> assets are living in civilian neighborhoods. he has time as we've been doing the political infighting to disperse most of his assets. we could knock out the runways and give on suggestion some room. don't make any mistakes. remember our president's plan was for regime change in august of 2007 investment now we're basically saying it is all about the chemical weapons. he is basically having the last laugh and will continue to continue about 10,000 a week if not more later. it will be unleashed as iran becomes unleashed as we basically get played by the russians, iran and syria. melissa: chris, i'm trying to play the devil's advocate here because you both are sort of on the same side. let me ask you, chris, is this a lost cause at this point? are the weapons so scattered and we look so weak is there really nothing effective we can do at
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this point? >> we made a lost mistakes here, until the game is over the game is not over. we're always in the fight. a futureture for syria. i believe the syrian people deserve some hope. if we're turning back on this, we're not just turning back on free and independent people who want to be free, we're turning our back where hezbollah an al qaeda are continuing to grow stronger within the fight of syria. the moderates, decent people of syria, getting killed, crush 9, pushed aside. we'll have nothing left in syria but a failed state with a safe haven for al qaeda and hezbollah. as american strategic analyst i refuse the accept he premise that america lost the fight and we can't do anything to make it better. melissa: good for you. we appreciate your insight tonight both of you. tough subject. we'll ask both of you to stay where you are. we have a lot more to discuss, including the cost of the syrian crisis. more money straight ahead.
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melissa: all right. russia's plan for syria clearly causing a delay in d.c. the president set to address the nation tonight. senior administration officials tell fox news that the president
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will call for a diplomatic pause in the votes on capitol hill in order to allow time for diplomacy. joining me exclusively from washington, is the chairman of congressional task force on terrorism and unconventional warfare, congressman robert pill inker. we know you ran from a vote. we appreciate that. pittenger. this is very important topic right now. what is your reaction to all the back and forth that has gone on today? what do you believe? >> as you know i returned from the middle east and met with a number of heads of state and frankly i was very concerned about the president's plans for the strike. i felt like it would destablize the country. it would collapse, fall into the hands of islamic extremists. so that's really been my concern. i welcome the involvement of the russians. i believe it creates an opportunity. they came out on the stage at the right time.
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the president is weak right now. he does not have the votes in the house. he will not win that. he needs a solution. melissa: he -- >> the country needs a solution. the world needs a solution. because at the end of the day what is important who has the weapons of mass destruction. melissa: yeah. >> that's what is critical to the united states. melissa: congressman, let me ask you because there has been so much back and forth today. we went through it for our viewers at the top of the show. unless you have been glued to the tv all day long you have missed the tremendous back and forth of, there is a solution. you know, russia's offering something. now they're not. then they didn't have the security council meeting and vote. now all of sudden, you know, secretary of state john kerry is on his way to russia. there is so much back and forth it makes us feel like perhaps we're being played and we can't really believe that there's an offer on the table anyway. what do you say to that? >> well, mr. putin is a very good chess player. knows this president is weak. the president needs a political
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solution. what has happened, and in terms of the fact that he has been weak on foreign policy, he has been indecisive. what should have been done in syria should have happened two years ago and we wouldn't be faces islamic extremests that we face today. the russians are looking for as much leverage and as much presence and impact in the role they can have in the middle east today. melissa: makes it feel like this is the easy solution in the short term, to back away and to save some political face but in truth it makes us look incredibly weak and ultimately be vulnerable to all the mullahs watches us from iran, for example. everyone that is watching us from north korea. that we just, at this point, by backing away and sort of falling for this political solution, we look incredibly weak and we put ourselves in more danger down the road. how do you respond to that? >> well i mean unfortunately the president has been rather ambivalent. when i met with middle east
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leaders frankly i was in israel a month ago. they don't know where we stand. they don't know what we'll do or not do. they don't know if they can count on us. i heard, we were in egypt. melissa: right. >> we were in the united arab emirates. we were in qatar. japan. our friend need to know are we really their friends? do they know that we're going to be there at the right time? and i think that's the concern on the world stage today. melissa: meanwhile, i mean you just, you spoke with the transitional team in egypt and we have taken our eye off that crisis. there are fires burning everywhere and is that a mistake in your opinion? >> they're in transition. they have a pathway to democracy. frankly they're fighting extremists up in the sinai right now and we won't give them spare parts for their apache helicopters. they're in their own war. we need to recognize that. i was encouraged by the fact
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when they're doing today in terms of, of amending their constitution. they have early elections called for in december. the interim president is not choosing to run. he was a former chief justice. so i am encouraged with that process and i think we need to stand with them in that regard. melissa: yeah. meanwhile i talk with some folks out there who say, when did we become the policeman of the world? that these different situations we're talking about are essentially civil wars within sovereign countries. and as much as we see people suffering and dieing we don't like to see that as americans, it maybe isn't our fight to go get involved in when we have so many problems, especially financial and budgetary here in the u.s. how do you respond to that? >> president assad breached international law and frankly warrants and international response. america, you snow, can't be everywhere. what mr. assad did was barbaric, it was evil. and, what has happened since then subsequently with the
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terrorists sponsored by iran, hezbollah and hamas, they have come in there and killed, you know, hundreds and thousands of people. syrian christians who had some relative security and freedom of worship under mr. assad, are now sphering for their lives. so the transition right now in terms of what's taken place inside of syria is very discouraging. melissa: what do you expect to hear from the president tonight and, do you think it make as difference? >> well, the president is a shrewd politician. but i hope on the world stage we can do something to secure the weapons of mass destruction. that is the key thing. hamas, hezbollah, al qaeda, they could take these portable elements, chemicals, biological weapons. they could take them out of country. they could take them across the oceans, blow them up in boston harbor or charleston harbor and kill hundred of thousands of people. we need to be aware of that. so i'm looking for any reasonable solution.
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melissa: yeah. >> so that we can address this and get our hands on these very destructive weapons of mass destruction. melissa: absolutely. congressman, thank you so much for your time. we really appreciate it. we know you're busy there. >> good to be with you. melissa: next on "money," are you living in a turnaround town? the top cities that have just been revealed and real estate titan barbara corcoran is here with her picks and towns she says to avoid at all costs. plus one of the most brilliant ideas i heard in a very long time. two of my very favorite things, stem education and franchising together rolled up into one? which have the genius entrepeneur. it is inspiring for anyone wanting to make money. stick around, a lot more "money" coming up. ♪ [ tires screech ]
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♪ melissa: all right. we talk a lot of real estate here on "money." today we've got the source on war where to buy and when to run. today realtor.com released a list of some of the best places to invest right now. real estate mogul barbara corcoran is no shranker to the turn, turnaround town. she is here with her picks. thank you so much for joining us. >> i like the picks better than the pans. melissa: i know, i know. we have to do that too. you're such a positive person. >> don't like bad things, come on. melissa: that's right. one of your top three turnaround towns you agreed with realtor.com. oakland, california is one place. >> amazing. melissa: you think it is real opportunity. they think that as well. how come? >> first of all prices are up
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41%. you can't argue with a number like that. melissa: makes you file like it is over. up 41%, is it going to keep going? >> of course it will keep going. when ever prices go up by double digits you can be assured they will go up for a while. not to that degree. they have a long way to go. you know what is great about oakland? there are tons of young families and everybody is overbidding. everybody has cash on their hands. a rich little area. melissa: everybody is overbidding. >> for the next guy. melissa: feels like bubbly. >> you have extraordinary attempts to take houses off the market especially with only half enough to go around. don't worry about that we're making up for past time. melissa: prices up 41% year-over-year. inventory down by 34%. >> think about that. so rather than seeing three house this is month you would have seen a year ago, you're only seeing two houses. that makes a heck of a difference and adds steam to the pot. melissa: another place you like a lot, is seattle, washington. how come?
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>> it has highest i.q. n country. doesn't have at love sunshine, remember that the highest i.q., the best-paying jobs. tremendous youth and talent there. and that's been an area that has been hot for three years. it led us out of the recession. one of the earliest towns. melissa: absolutely an area that's on fire. i hear a lot of people especially in the tech industry they have a tremendous job offer in that area. think about going. >> of course. melissa: hey say when they get out there so funny the real estate is so expensive though. >> yes. melissa: everybody there is so wealthy like trying to move to palo alto, menlo park, that area or new york or whatever else because there is so much wealth in the area. >> you're right. add to that a lost californians are moving there to get away from the crowd. melissa: tax policy as well. we've seen prices up 17% year-over-year. not the same increase we've seen in other places. what does that tell you? >> what is wrong with 17%? it simply indicates it risen sooner than other areas. it is slowing down a little bit.
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i wouldn't call 17% slow. melissa: inventory decline, i notice something in common with places that you spotlight we've seen a big draw down in the inventory. they're down 29%. >> you know what low inventory is? it is insurance policy that the best is not behind you. when there is shortage of housing you can be assured prices will continue to go up for a long time. that is what i love about low inventory. melissa: what is to stop a builder from going in there to build a development? >> no one has that power. new development in downtown seattle, it is selling great because they're making youthful complexes young people like. but you know there is no one strong enough to turn around the market and put a ton of property on the market overnight. it takes you three years, funding construction plans filed. it take as long time. melissa: your third pick, i was surprised by detroit, michigan. >> we're all surprised by detroit. you think of detroit and think of trouble. melissa: right. >> you know what is great of detroit? one-third of properties totally
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vacant. a city with one-third. scary. melissa: it is scary. >> guess who is coming in to pick up the pieces renovating and renting out these homes? chinese. so much chinese money in detroit. i wouldn't be surprised if it starts to be a chinatown. downtown detroit and midtown detroit has been totally revamped. it was gentrified. who would have seen the train coming. nobody. melissa: they haven't fixed problems. >> broken street lights. melissa: takes 45 minutes, call 911 no one comes. sounds like a scary investment. you would encourage people? >> number depends on your appetite for investment how secure you are. i would be too from then and not sleep at night. if you're kind of person with a lot money, you can get a house for $10,000. think about that. that is cheaper than a car. if you can justify by rent and you know you have a population that needs housing because regular people aren't buying much you can rent it out. melissa: with no jobs? even though the job situation is so bad you still think you can rent it out? >> what you have to do, look at
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rental rates. how quickly they're going up. going through the roof and no vacancy on improved property. melissa: reading in "wall street journal" they were talking about mortgage rates going up and impact it has had on lending and revenue in that area. for example, wells fargo saying that in the third quarter they expect the mortgage generation to go down 30%. jpmorgan chase, saying that that business could lose as much as 40% in the second half of the year. this is due to everyone's anticipating the fed will tighten the reins a bit. rates are already on their way up. how much of an impact do you think that that has? >> let me just say, you have to remember that bankers are all scaredy-cats. they think in a pack. they act in a packaged usually from mature coming too late making changes in my real estate experience. tough say that will have very little impact and i think they are just jumping the gun far too fast because in the last week alone we've had 2% increase in the rate of mortgage applications. nobody saw that coming a week ago. melissa: i want to ask you about
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your worst turnarounds before we go. places you don't like. montgomery, alabama. on your list. prices dropped 14%. of the average price is $100,000. >> you think that would sell. you have know why? there are not enough good jobs and people aren't buying and excess of inventory. melissa: south bend, indiana. >> same problem. south bend and greensboro, north carolina. my three picks because of same reasons. not enough jobs and not enough new schools and people are not moving in. old manufacturing towns. melissa: even though we see price declines and it is cheap, it is cheap for a reason in this case? >> it is cheap for a reason and doesn't dictate that it will be cheap tomorrow and won't turn around but something has to change. a few of towns on long list of towns that turned around. very few are losing money. these are three that have. melissa: barbara, you're the best. >> of course. i will be here in five minutes. melissa: thanks so much. >> pleasure. melissa: next on "money" an
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entrepreneur turns her love of science into a new business. it is one of my favorite franchise ideas ever. we have the brains behind the business. plus, new york city fashion week is underway. obviously we're bringing ceo of a lingerie company and models. we'll answer the most important question of the day. what is underneath that robe? you don't want to miss this. "piles of money" coming up. i just shocked barbara corcoran. she is shocked. we'll be right back.
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♪ melissa: no matter what time it is to my "money" is always on the move. shares of texas instruments falling after hours of the company lowers its third quarter profit and revenue forecast. the nation's third largest chipmaker has shifted its strategy in response to tough competition. however, shares of texas instruments are 31%.
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it may not be franchise friday yet, but when i heard about this next business, was amazed by the brilliance of parents looking to broaden their child's education, listen up. you know i love education, the concept of science, technology, engineering, and math. now fund its engineering costs are popping up all around the country. all thanks to the genius concept behind engineering for kids which offers hands-on learning for ages 4-14 in the all-important stem areas. here to tell us about it, the founder and ceo. welcome to the show. >> thank you very much. >> i love this dea because i talk to parents all the time say that their particular school is weak. the most important area for kids right now in order to train them to be able to have a job in the future where they can actually make money. this is something that a parent can do. take their kids for supplemental education. how do you make it fun and get them interested in more learning
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after school? >> a great question. we take what the schools are already teaching kids, science and math. we apply that to find hands-on learning. melissa: like what? >> lego robotics is one example. we center all of our programs around the different fields of engineering. aerospace engineering. we design and build rockets. civil engineering we design and build structures such as bridges and towers. we center all of our programs on the various fields of engineering. melissa: that is amazing. in said -- instead of take the -- taking the mound. but to secure afterschool the teaching of the bill robots and how to explode rockets and build huge buildings. this is something that is interested in. how do you decide -- into franchises. obviously there has to be demand that there or there would not be people buying franchises and going and in doing that. what has the response been like?
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>> it has been fantastic. seventy-five different locations across the world. and so it has been fantastic. our franchise owners are doing amazing things. we have had a great summer offering summer camps and a partner with some major organizations like the smithsonian museum and here in manhattan, the children's museum of manhattan. melissa: love it. we are there all the time. where is the strongest place to open a franchise? a place where the school districts are weak and parents are looking for extras are a place where there are strong and so parents are invested and engaged? what works for you? >> actually, both situations work well. it is true. the parents to our always out there looking for programs, of course, it will work well. we are also finding a lot more grants are available to some of the schools of allies would not be able to answer is sense of programs. melissa: what is the cost for a
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franchisee to get started? >> the initial investment is around 31,000 starting. the franchise fee is 17,500. melissa: what can they expect? if there is someone out there thinking about doing it, what would you tell them? >> i would tell them to expect to be able to start offering programs pretty quickly. we have franchisees' right at of the dade. they're bestired programs pretty quickly. it is a quick start up. they're able to get into the schools and start offering after-school programs. melissa: supplementing what they're doing. it does not -- they're always looking for partners in the community. the price varies by location, but as six weeks cool program would run between 90 and $125 per class that meets for about an hour after a week. >> that's right.
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a 6-reprogram. melissa: did you for coming on. best of luck. >> appreciated. don't forget franchise right ahead. every week on friday. thank you. making a splash. but with many things happening and how confession company's debt and to spend again? maybe this will help. i can't believe we had during this. at the end of the day it's all about "money." i promise. ♪ @?? you make a great team.
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spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zinc free super poligrip. ♪ melissa: it is fashion week. about to get intimate with one apparel maker. trading lingerie and undergarments for the past 90
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years. the companies in the process of being taken over by haynes. here to tell us all about what lies beneath the deal. >> love being here. melissa: it is-and we, as we said. what is the big trend and have you grab market share? >> well, fashion week is always directional. some trends. there is no one predominant trend. there are just shares important, different lengths. the second part of your question,. melissa: it seems like there is an incredibly competitive space. always specialty brands that are popping up to grab market share. victoria's secret really seems like the giant that gets a lot of mind share. >> there has always been a lot of competition. competition yesterday,
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competition today, tomorrow. fortunately for us there is a lot eventually. it is really hard. melissa: hard to imagine that. >> net two women are like. so it is extremely technical. but really for us what is critical and who will talk about what the models are wearing, we are really known for product, product innovation we have been able to remain relevant. we have a great brand. melissa: was section of the marketer you must focused on? >> well, we really are important at all channels from target, walmart, all the way through the department stores. from the get your perspective, market-share leader in shaper which is a kind of. the above category. melissa: you think of spanks. that is what people talk about and where. >> i don't think so.
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it has a history. if you go to most retailers, very, very prominent brand. so clearly is an important competitor. we do things that -- melissa: do you try to play of there popularity in make your brand at a better price point? a lot of people love it, but it is incredibly expensive. something similar and undercut. >> we do what we do well. we don't try to necessarily undercut. our focus on product innovation and to dispel the myth that shapers uncomfortable, one of the beautiful things about shaper is out of every ten women who wear a bra, only to wear shaper. a major opportunity. melissa: is that an average into the or is that the women don't want to bother? like you said, it's uncomfortable.
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another great thing is demographics on our side. younger consumers are wearing it. >> we believe that ten of the women can. you look better in its los. melissa: you kind of stopped me dead with that one. what is standing in the way of doing business even better right now? what would you say the biggest obstacles out there in the world? >> well, part of what is going on today is what is happening with discretionary spend you know, so durable goods, consumers are buying cards. consumers buying homes. that discretionary spending is really a combination of consumer confidence, what is happening to real wages today. so i think that is a concern. you know, and the retail business has been somewhat choppy. retailers have shown pretty
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conservative guidance of the last few weeks. so however, having said all that, when you have great product consumers will find great product. melissa: thank you so much for coming on. we appreciate your time. >> my pleasure. melissa: next on "money", the bigger deal. we have it all on the "spare change." you can never have too much "money." ♪
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melissa: it is time for a little fun with "spare change". joined by gillian and dennis. you excited? look at his smile, so much more than ever before. >> too easy. >> try and hold it together. >> very happy tech come after the models. quite intelligent and lovely. melissa: everyone is talking about the phone today. a new report from one analyst says that all of the high we will make people buy it. it all comes down to smart phone fatigue. here is a fun fact. one of the biggest shockers today was to they gave it to first. there she is. in none other than reality princess kim kardashian. apparently blonde. showing off her new phone before it was released. what do you think? i feel like having kim kardashian come out and hot your product, she sells everything and would do anything for money.
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>> is pretty controversial because there are so many more universal people who might actually do a good job. they either love for or later. feel envious. it might contribute to that. >> just don't care. let's move on to some more important things. i have an iphone four. i have been waiting for so long to upgrade. delicate this chart. should i buy? at the same memory they're is a huge difference in price. if you won 16 games, spin a hundred bucks or want to spend that much on the five gas, but in the 32. spend 30200? into the apple did not make clear why the higher price phone is so much better for the same exact memory. >> and you are carrying this around all the time. it is really not any thinner, and the lighter. it did not talk about the physicality.
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the phone might be nicer. but for so many people, they want cool stuff. melissa: is an did just that it is a new color? >> i always worry. although one person pointed out that the new more expensive is gold, silver, or gray. your friends will instantly know whether you have upgraded are not the mother you have the hottest hippest interesting pressure. melissa: although i like the you think is a chance for cheap and succor. the something to get out there. >> what to do to not cannibalize of data would go over to the third world. trading down. went to see how that goes. melissa: that has been the potential problem. as the traffic keep falling in. the same thing with the ipad. they introduce the mini which was a lot cheaper and a lot of people like myself, it was just better. still too reluctant.
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these prices to their not cheap enough. >> this is not the big e. yet accompanist. came out before year-end. melissa: a scathing report. thank you. the bottom line, neither of your getting it. >> of course and getting it. [laughter] melissa: hysterical. thank you. up next, who made "money" today. to sign a landmark deal. stay tuned. find that to it is. you can never have too much "money." we will be right back. ♪
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♪ melissa: whether it's on wall street or main street, who made money today.
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its first deal with a pay-tv company. virgin media customers in the u.k. will now be able to stir netflix. it is being called a milestone. and investors gloving in news with scarcely be more than 6% to record highs. good for them. about a million shares. he made $19 million. not bad. you else made money? everyone who owns the newest members of the dow industrial average. officially joining the big board on september 20th. the news giving nice bonds to shares of the new members today. he will keep an eye on them. not inheriting his money, is in to be born son. in an interview recesses child will not be getting his fortune, which is estimated to be about
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$350 million. he says he does not believe in passing on from one generation to another. instead to me is likely to give the money to charity. is he did do better? that is all we have today. i hope you may "money." we will see you back here tomorrow. gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" more big problems for obamacare as the country's leading health insurer start pulling out of the new exchanges. also, bargain hunting is back in a big way. the crazy coupon ladies are here to show us how it is done. all the buzz about the phone. is it worth it? we are watching out for you tonight on "the willis report." gerri: our top story tonight, three weeks until the obamacare exchanges go live

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