tv MONEY With Melissa Francis FOX Business October 10, 2013 12:00am-1:01am EDT
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will do is pay more attention to what the ceo is teing us, imagine that flying over your head. melissa is next. melissa: i'm melissa francis a here's what's "money" tonight. sac's stevie cohen could cop a plea and could admit criminal wrongdoing with the insider ading scandal for the sec. it could be a wake-up call on wall street. we have the latest developments on that that one. a complete market being makeover for the ad industry. making commercials into viral videos. willerrell's new dodge durango ads are the talk of the town. they're hilarious. we'll tell you why this campaign is one to watch. "who made money today?" they turned down a multibillion-dollar offer because they didn't like the way it looked but they're coming out on top and they will be dressed
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for the occasion. stay tuned to find out who it is. that was a lot of hts. even when they say it's not, it is always about money. melissa: exporting our energy boom, should we or shouldn't we? as the u.s. becomes more successful in producing our own oil, refiners ere are shipping more fuel oversee than ever before federal law banses most shipments of you know oil, finish products created from the crude like gas and diesel are allowed to be exported. as the industry grows, the argument whether or not we should be selling this stuff is growing even louder. with me in total disagreement, fox news steve moore from the "wall street journal." we have matt, an energy analyst at stansbury research. thanks for joining us. steve, let me start with you.
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this makes a lot of sense. we're in the middle of an energy boom here in the u.s. we're making things like diesel which is europe is very expensive. should we be selling it there, maki money, creating job, what do you think? >> i don't think there is any question about it. what is so exciting about our energy future, melissa, sometime the next eight to 10 years the united states will a net energy export country which is a woerful thing tohink about give the last 40 years we've been under the blade of opec. we'll see increased production of oil. by the way more importantly, natural gas. we're ready to import, to start exporting natural gas right now. we ought to be doing it. by the way, a lot of these downstre industries, that use the oil and natural gas that comes om the fracking boom, you know, these are companies like manufacturing companies, companies like t chemical industry. they're saying, look, we don't want you to export this because we want it to be used here at home. melilissa: right. >> by that token, melissa, why
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woul we export their products? why would we export chemicals or manufactured products? i think this is no-brainer. if we export more we will produce more. melissa: is that the case, or matt, what about this idea that if we trapped it allnside the country the price fo it here inside the country would drop? is that true or false? >> i don't think that's true. melissa: no. >> i think it could be true for natural gas but it's not true for oil. oil is se on world market. we know that one of, i would disagree with steve in that i think natural gas should be used home. we're seeing really high-quality jo coming to the count. bmw had a chance to bld a factory in any country in the world and they chose t build it here in the states becausef cheap energ an note
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melissa: it is dision time for sac and its billionaire founder steve cohen. after battling for months, $616 million in civil penalty charges, $6 billion in client money that has been pulled out of his fund and its behemoth name dragged through the mud. reports say the hedge fund may actually now cop a plea. prosecutors say sac and cohen can put this whole mess behind them by pleading guilty and paying a total of $1.824 billion fines. but how big of a price are they
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really paying? with me is former federal prosecutor fred tecce with thinks take. fred, why now? what do you think is pushing them over the edge here? >> why now? i tell you why, trial would be nothing more than a four-week guilty plea and they kno it. what happens is when steven cohen sits down with the lawyers and says what will happen here, lawyers being what they are, are telling him, look, mr. cohen, odds are you will get convicted and company will get convicted if they lose it is government position they will take every blsed me you have to the picassos in your hallway. you need to get smart here. melissa: the way they're getting to that so that there is commingling of funds so as a result they could take everything, s that it? >> if you read e indictment which i have, it works on the predicate the entire thing was a fraud, a sham, a complete factory of using insider information. and that is the government's theory. look, melis. that is theory they have to
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prove it up at trial and prove it beyond a reasonable doubt. from cen's perspective and from sack's perspective the answers what is the risk and liability going forward? given they could lose the whole 9 billion, 1.8 billion seems like a bargain. melissa: it does but there is more than just money at stake. there is more than 1.8 billion. he has to admito criminal wrongdoing and guilt. and he also is potentially cing a ban for life, right? >> well there's a bunch of of things going on. there is pending sec civi case against cohen personally. part of that sec wants him banned for life. there is a criminal case against the company right now. i will tell you, unspoken in all of this, whether or not mr. cohen will be indicted criminally personally. i can't see him makeing a deal without making sure that all of this, in oneig package with a nice little ribbon gets done and taken care of. melissa: and do you think th is likely? do you think he could secure a deal like that? >> i, the answer is yes because
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if the feds had enough to indict him they would have indicted him by now. the question is how big will the check be? th puts an end to the whole thing. melissa: technically what does it mean, if he is banned for life, it can still be family office, right or h he can't trae at all? >> correct. it means he can sit there, by my calculations he will have $7 billion of hi own money. and he can sit there and trade and run it basically as a priiate hedge fund but people like you, me, or commercial investors or commercial people can't go to him and be paid fees d put money in the fund. so he is basically finished. from a regulatory standpoint but also if i'm a commercial guy and i put money in his fund and suddenly this happens agn in the future, it will be lawyers fair employment act all over again. melissa: what does it mean for the two guys, michael steinberg, matthew martoma sitting on the sidelines? they are sitting out, fighting charges. the government has been trying to flip them all along.
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>> correct. melissa: if he cop as plea are these guys dead in the water? is this that classic prisoner dilemm whoever confesses fst the other guy is in really big trouble? >> when i was federal prosecutor i would say the last guy in was ways t kingpin. whatever deal the feds require. sac anybody available they call for to testify against martoma and the other guy. that will be end of them. ths iceberg dead ahead that is what is coming for them. if this deal gets struck, those two have to plead guilty. they have no choice. melissa: how big after win is it for the government? >> i think it's a b win. it is awful, all full lot of money, 1.billion dollars. it sends a serious messa. they have been going after ts guy for years. melissa: forever. this is a huge deal. they have been after him forever and ever. he is a huge target. he is so well-known this is such a big deal on wall street i think it's a huge win for the government. >> it is, and i you read t indictment they had a lot on
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him. frankly these guys were a little dirty. the fact that the feds did their work which ultimately prevailed which is what we need for them to do. melissa: fred, thank for coming on. >> thanks for having me. melissa: cing up on "money," head for anconomic apocalypse. that is what experts are say as we inch closer and closer to default. now that janet yellen is officially in the mix are things about t get messier? oregon congressmmn curt schrader is here to weigh in. plus a second team of u.n. chemical wpons inspectors is in syria. we have the latest
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inventory and disarming of assad's chemical weapons stockpilbringing in a second team as the destruction deepens, we're learning that could be as many as 20 separate sites, including some that may require negotiateing a sees fire before gaining access. fox news's leland vittert is in jerusalem with all the details. >> of course the big question who do you negotiate a cease-fire with? the rebel groups inside of syria are becoming more and more fractured. you have marginally secular groups on one side all the way down to the al qaeda syndicate groups and jihadists on the other. both have a vested interest in seeing any pt of this chemical weapons deal fail. inspectors also report that at least some chemical weapons-related equipment and manufacturing facilities have been destroyed, but stress it will be a very long process to get rid of syria's chemical weapons stockpiles. at last count, there were about 1,000 tons of weapons, plus
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manufacturing equipment in other military hardware, that will have to be destroyed. that's hd under the best of circumances. completing the task in about a year while the civil war continues to rage on, is only much harder. today, another team arrived to start visiting more sites, that the syrians have disclosed. each day before inspectors leave their hotel they have to receive security guaranties from all sides, something ncreasingly difficult as the battle lines in the syrian civil war are incredibly fluid. the u.n. mandates says that a syria's chemical weapons must be destroyed by the middle of 2014. that seems like it will be a difficult task as folks are realizing no matter how hard it was to get this deal made between the united states, russia and syria, implementing it will be far harder. melissa? melissa: thanks, leland. from the u.s to every corner of the glob money has been flying
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around the world of first to egypt. fox news confirmed repor that the u.s. is planning to cut off military aid to the country. this comes in the wake of recent violence against protesters and the july coup against president mohaed morsi. the obama administration is expected to withold hundreds of millioof dollars. the u.s. currently givore than a billion dolla assistance to the country. over to japan. three companies are being sued by michael jackson estate for more than a mlion dollars f sein products with the late king of pop's likeness on them. jackson's estate says the unauthorized products including mugs and postcards. in a statement the estate says it is trying to quote, proct its legitimate partners and preser michael's legacy. heading on to india, wal-mart announcing it is splitting with its partner there d is not moving forward for plans for its retail stores. wal-mart's asia ceo blames strict government regation there is requiring sourcing fro
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local small businesses. saying that makes the company's plan impossibl but he is still meeng with indian officials with hopes of finding a solution. back here at home, are have you heard we're heading for econom apocalypse. at least what some on capitol hill and wall street are saying. still no end in sight for the government shutdown. we're getting closer and closer to the edge of default. president obama plans to meet with bipartisan congression leaders this week. many some congressman taking matters into their own hands. we have one of them. coressman curt schrader. thanks for come on our show. what is the hold congress accountable act? it would hold payment from members o congress if ther i anotr shutdown? i like the sound of this. >> if you're not doing the work you shouldn't get paid is the whole idea behind it. the 27th amendment doesn't allow you to regular late your even pay. we with hold our pay till we get
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paid to the end of the congress. future congresses, if there is shutdown, people are out of works, you should be out of and cut pay for everybody. melissa: is there a lost support for this. >> the republicans are shoping a bill similar to this we got one we're shopping. there is a lite more distraction. we'll have more cosigners as we go on. >> the real deal is not about new bills. it is about fixin the problem actually going on. to that end you're holding daily bipartisan meetings with your colleagues on the hill to work out different propols. how is thatoing? are you getting closer? >> yeah. we're making surprising progress. if you listen, no offense to the media, you would think -- melissa: damn media. it is always our fault. we're the ones mucking up the wrong thing. >> you get bad information. we have to give you good information. good information for america that the rk-and-file, republicans and democrats are upset. they want to wk together. there is a number of groups out there i've become aware of. twohat i'm particularly
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involved in. that are trying to get past just the cr and the debt ceiling issue. the real issue, the real iss, e cause of the problems we're facing right now is not dealing with our long-term debt and deficit and the enomic stagnation we're facing right now. that's what the rank-and-file want to deal with. melissa: amen. that is absolutel the real problem. i think a lost americans do realize that. how doou solve that problem? because i mean frankly that's a much bigger problem. and that is why we're at this impasse. we do have an enormous spending d entitlement problem in this country. we've got to solve it. are you getting close to solving that one? >> well, we're working on it. we also have a lack of revenue issue. the baby boomers are hitting the system we're not anticipated. noll development of entitlement programs a nor how to pay for them. time for us to get together. throw away all the partisan rhetoric, sit down and work throug mandary discretionary revenue situations. we need tax reform. we need entitleme programsor kids and grandkids.
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actually a group of us are working on actual specifics, having conservatives and liberals and moderates in the room trying to agree. i think we're making pgress. melissa: what did you think o announcement of janet yellen federal reserve, was that a distraction shun? a step in the right direction? some sayt is a bad time and inoduces a wildcard and something else to fight b it could be a good time. it makes the markets feel better. they know her. what do you think good or bad? >> that is right now minor distraction. no one on the hill is focused on that. this whole debt and deficit issue is where members of congress are. melissa: one thing i keep getting stuc the idea that government takes 234 billion in revenue according to the cbo in order to make payments on the debt. that is only 11 billi to pay the mortgage. why can't we jus keep doing thathile this fight goes on? why do we have to not pay our mortgage so to speak if we d't have an agreement on the 17th? >> the problem we get to, at
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least when i sat down with cbo and treasury officia at various functions and meetings. you can't prioritize things. it snd great and logical. that's what you try to do at home. bills come in at different time the revenue is uncertain. on average it could be -- melissa: that is so hard to accept and believe. i feel like we have so many great computer guys on wall street running quantity funds we can't send people there. >> you should see the computers. melissa: you could send somebody there to work on that to prioritize. all you have to do is look for e bond payments and pay those first. >> the computer systems we have, a lot of them, the working on cobal. when i was a kid, it is kobe ball. it is not desktop here, melissa. we have a long way to go. melissa: congressman you're very reasonable. you restore my faith. thanks for coming on. we appreciate that. >> you bet, thank you. melissa: up next on money, how much is airal video really worth? dodge is about to find out with
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the hilarious will ferrell ron burgundy ads. i believe it is the future of advertising. forget twitter, are you buying into the zumili ipo? what? why seemingly silly so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel thatin your mu? i do... drink water. it's a longtory. well, not having branches let's us ge you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. wow...look at you. i've aays tried to give it my best shot. these days i'm livi with a higher risk of stroke
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due to afib, a type of irregular heartbea not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three imporant reasons to take eliquis instead. one, in a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. two, eliquis had less major bleeding than warfarin. and the... unlike warfarin, there's no routine blood testing. [ male annncer ] don't stopaking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don' take eliquis ifyou have an artificial heart valve abnormal bleing. while taking eliquis, yomay bruise more easily and it m take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures.
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♪ >> a lot of people will tell you about the dodger rental available in the v-8 engine and treen and 60-horsepower, but i'm the only one with the guts to tell you about this glove box. twelfold light bb, all in beautiful injection molded plastic comfortably fit to turkey sandwiches or 70 packs of gum. i'm not lying. is this a gamble -- a gumball machine?
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my say this is kind of a big deal. in character as san diego'sost legendary fictitious news anchor founded 70 dance for chrysler's revamped sponsoring go. he did it for free. leaving us to wonder if chrysler may have ushered in the newest wave of viral celebrity advertising. joining us now and definitely keepinit classy is our money marketing maven. it is amazing t me that he did all these phenomenal ads for free but, basically bause of the very end it advertises his movie. it seems to me that stocks got a helluva deal. >> i think they both carry great deal. dge gets not just a spokesman, but a celebrity playing a celeity, and more importantly, he has such huge following with exactly who they want, young man. the reason they want them is not
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necessarily that it will buy the truck but they will make these videos go val. it will replace him, post them, share em with friends. dodge will have instant distribution. of course, but will and his producers gate is the money and power for promoting his movie. melissa: and you remember watching him. how hysterical. you immediately want to go see the movie because a laughing. what i think is most fascinating about this is how much and said changed. you can see through them on your tebow. sun now advertising has to become must see tv. the hafts up for it to friends and are to get people to actually watch it. herwise i don't even know what ads are out there. this is the new wave of a hot ticket people to watch commercials. >> that's right. peopleon't sit through these.
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you see them. let's face it. he is not really know -- selling the car. he is doing comedy bits. so i actually went back and watch and a couple of times. they are so funny. you're right. people will watch them and spread thelike wildfire melissa: why don't we watch another. they are hysrical. >> precision, elegance, grace and form, treat them function. sometimes the luxurious things in life are -- take, what are you doing? qaddafi air. get out of here. i told them 100 timeshey can dance in here. i have a beast of a machine here, the last of the real suvs and i walk into a bunch of dances. melissa: the other thing that i think it's brilliant is tha we were talking about doing this segment before i had not seen an answering elena really long time
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now i have watched these. i click on the next one. i am actually looking at the producin getting a feel for it. that's another huge a vantage. >> remember we say. people don't buy what you do, and by who you are. what they are is entertaining, hip, cool, fine. what you are enjoying at your many aut the product, seeing the car. my guesss wheyou head home tonit you will see one on t road that he nev ordered notice before. melissa: that's a great point. at think it's probably ushers in a new wave of celebrity advertising. in fact, if you were tohink of the perfect pairing of a product and celebrity, what would your speak? >> there are a b you could have spider-man talking about the only thing he is afraid of is raid. [laughter] >> you could have the speaker going on a rural caribbean for a better ten. melissa: i like that one.
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go ahead. >> i was going to say, my favorite would be donald trump for the hair club for men. melissa: that's not -- well, no, that is a good one. no, absolutely. -1 home. i would pare bill o'reilly look with an airline and s that the zone, if there is anything you want, fair and balanced soundd perfector flight. that is exactlwhat i want. is there any potentialisk in any of tse partnerships? nobill o'reilly in jet blue because obviously that would be a home run, but what about dodgem will farrell? >> think about what dodge has been doing until now. before this they did a campaign with the fashion designer. before that it did a campaign with him and them. born in detroit. before that it did aampan mesclun these would be read as we saw with him talking to empty chairs, there's always the chance. me celebrities are always
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risky. in the case of welfare role-playing ron burgundy, he is already a loudmouth gasbag idiot so what is hgoing to say? that is to the character is. they used to sell cars with fine corinttian leath. nothey sel cars with idiots. there is not much chance that he will say something is fansf like. melissa: and you get one of th most brilliant comedy writers of all time sitting down and writing all of these ads. it seems like it is a tremendous financial savings rather than hiring some at company to, but slogans. have this guwhose sole job is being hysterical and drawing an audience and he is making your commercials. what could possibly go wrong. a think? >> from what i heard there are a bunch of commeials that will not see the light of day because some of them are low bit risc eight, outside the norm, but they produced 70. i think they forgot that ron
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burgundy liv in the 70's. he produced all of them. they gave him free rein. because of that they haveome much to choose from. they're not just going to use them on television. websites, twitter, distrute them a lot of ways and have some oxycontin to work wit it was brilliant. melissa: brilliant, a genius, i cannot wait to see the ones that were not meant to be seen. thank you so much. you're fantastic. >> thank you. melissa: on the heels are wings of the twitter ipo announcement comes another tech company hoping to cash in. is it as a sign of morceli public offerings, or i it actually a better buy than some of the others? right into your rub my next guest says. we will be right back with mñ7
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flash sales site is now eyeing its own ideal for a whopping hundred million. considering it only posted a profit of a little more than 2 million for the first half of the year. is it just me or is this turning into an ipo free-for-all? hedge fund manager and fox news contributor is here. tech startups investor joins me now as well. let me start with you. some of the companies that are looking to go public, you know, i've never even heard of this. what is going on? >> this is capitalism. this is a good thing. speculated that promising a new enterprise is raising money from voluntary investorso fund the businees. i would consider this to be 1999. perhaps this is a bubbl
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melissa: that is exactly what i'm asking. >> i remember an era. i just don't think we are there enough the fact that a lotf these companies areot making right -- a lot of money right now. meliss they are making a profit. i make fun of the fact they're making to a half million in the first half of the year, but profit.more than twitter in what do you think? is this insanity? >> absolutely. absoluuely. have to disagree with you a little bit. 1999, it's a repeat, like groundhog day all over again. if you look recently we heard can berash. i you kidding me? so i'd think i amor capitalism. but a lot of risk. and think they're better place like square, another company that jk dorsey is a part of.
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so i think there are better place out there. i mean, they should have learned. melissa: it does seem like we did you rationally excited about a lot these companies. for example, everyone gives apple such terble time. will they ever have the next big thing, and they still love amazon. if you could compare it to five in the last week, and the last quarter than a $13 billion. that's more than up to that point and is on an ever made in profit in its se entire life of being a company. we lovemazon. it seems like we look at these things you rationally sometimes. >> stocks are forward-looking indicators. just because you are a profitable company does n always mean you have a successful stock. look back. the stocks of ten years in million and then make more money now, of them actually tde and
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a lower price than it did ten, 15 years ago because when you buy a stock y're buying of valuatn. although i am not investing in twitter him and the fact of their will to come public shows that there is a risk appetite and its a positive thing. melissa: did jesus say you would not buy any of these? >> i don't buy pos. at prefer to wait and see how the stock plays out. these are sales of the public. when you have such high interest , almost called stocks, in my experience is usually best for investors to stand on the sidelines. melissa: what do you think? >> i will take a contrarian opinion i had a cnce to get on twitter on the secondary mket. it's not just the ipo. you could get in on the secondary market. i was able to get in and 2022. and kick myself now because if you look, i think the odds at
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35. and for talking about twitter on the first day something around $55. i think jonathan will agree that is not a bad return for your find there. melissa: unless something like facebook happens. i you going to sell? just wipe your hands of the whole thing and get the hell out? >> it's interesting. you know, here is another one. -ack when it was 17 talking about facebook, november, believe, lasast year eliciting a meeting with hedge fund managers and telling them to buy. i got in on the ipo of facebook and held on. i'm happy. a yr-and-a-half. they tipped over 50. they eed around 46 o 47. if i like it that way i was one of those that fell like facebook had a good model, especially with what they're arguing and they're is a chance that they could actually be close to
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what linkedin is doing in the next year to. >> and i am delighted that he has de well with his investments. keep in mind, the's a difference between t company and the stock. a lot of times great and successful companies, the stocks in the disappointing which is true when you buy them at high valuation. melissa: you guys are great. thank you. melissa: up next, the ultimate t before you buy. a new trend is to actually stay in the home you are considering buying to test it out. stay overnight. a sleepover. do you think it makes you more or ls likely to pull the trigger? one developerho did it himself. he will tell us if it is really worth it. can you ever have to my "money" can you ever have to my "money" or too much
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♪ melissa: time for a little real-estate fund.@ buying a house is a big deal. have you ever wasted you could test drive it before even putting in an offer? your waist in the air reality. spending anywhere from 12 to overnight in the property you want to purchase. with me now is a real-estate developer who test drove a condo himselin miami. tommy about the experience. >> i did not end up buying the place. i went out to check at a place in miami beach thinking maybe i was interested. i kind of was wish you washy on the potential purchase.
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and decided to take a month on the offer. frankly, i think my experience is that buyers generally know within the first five minutes of their interest it. if they're not that interted they generally will pull the trigger. while some people consider it to be a stressful experience, if you're going to stand tall for 24 hours and a property, generally will talk your way at of it. therere some in pantages. melissa: there are huge and bandages. i feel like- may this is the disadvantage to the selle you never know what a place is really not until you stay there. you know of the ceilings are loud, noisy neighbors above, lot of noises fro outside chymistry like it goes right into the window, water pressure. you don't know what the hel is all about. you're saying it's kind of fall down side. what was it about the kind you ended up not liking? >> the neighbors next door were based creamers and stayed up late night.
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ultimately no property is perfect. they're just like people. usually have to with your gut feeling. it is a little bit misleading if he sleepover. if everything goes well and you did not have a professional inspection you may just wasted your time. you want to make sure you hav a properly inspected properly and it is not just about how you feel when you see it and sleepover. melissa: can't there be an advantage to a seller to set this up? for example, looking at condos. you think about places in miami or elsewhere thatay have a beautiful, stunning view. by virtue of staying their overnight you realize how phenomenally would be to have this as a round, fallen of the place and you absolutely have to have it. >> in miami is a white hot real estate market. you ddn't need to let people sleep in the place to sell them. there on the market. the vanta market,
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like a midwestern summer it you're trying to get people to come to the propey, if i was walking around and looking at properties and one of them allow me this sleepover our probably gi it a little more attention. you would get more people lookinat it. maybe that would lead to a faster sale and maybe even a higher price. it depends on the market. melissa: absolely. what is the seller need to do? how would you prepare for that? >> if i am a seller, first of all, this can be a maintenance nightmare, but i want the property to be in perfect condition, professional inspection report laid out on the coffee table so when a person is staying and they see the property is a new repair. find a seller i don't want to let people sleepover ellis there are qualified buyer, the property is already under contract. i don't want to waste my time if they don't have the funds to purchase, and want to make sure i . out unique selling propositions like maybe there is
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rooftop terrace with a great you at sunset. make sure they check that out and write down everything the person should know about the surrounding area. a cold pizza joint around t block. possibly maybe leave them a bottle of wine and make sure they fl really comfortab. you have t think like a hotel opator and me sure everything is perfect. you don't want person to talk themselves out of it. melissa: absolutely. and if you're a buyer and when and immole would you look for? the first thing i would do is turn on the shower. after that wall would you do? >> i mean absolutely. you want to look for r flags buri under stains on the potential weak?ght indicate a you want to check the property to make su everything is working, but you want to rely on a professional inection report,ike an mentioned. maybe you want to introduce yourself to the neighbors like i did. i heard a lot about them through the walls.
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melissa: absolutely. i have to say, we have taken vacation in the house a number of times. by virtue of staying near i have fallen in love with it and would like to buy it. at think there is a lot of upside. thank you for coming on. we appreciate your time. he made "money" today? they turned down 2 million made their own fortunes instead. we wl tell you who lead is right after this. you can never have too much
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♪ melissa: whether it's on wall street on main street, his teammate "money" tod. everyone who owns this warehouse. the retaillr got an unsolicited the value of t company is more than 2 billion. men's warehouse did not like to win have liked. investors weren't rejoicing. the stock closed up a whopping 27%.
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losing moneyoday, nyon who owns comcast. the cable giant announces partner with twitter to develop a new remote control that lets you change the channel by prsing this button. viewers can tune in to live or on demand program or even program their dvr. rolling out in november. as cool as it may be, the news did not win over wall street. the stock closed down slightly. and hoping to makeoat loadsf money, samsung. today the company said it is releasing a smart phone display. the first of its kind. the galaxy will go on sale tomorrow but only in south korea samsung says the curve makes the phone easier to grip which i guess in you would want given that it costs a thousand dollars that is all we have for you. i have to you made their five
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today. as a you right back here tomorrow at 5:00 p.m. for more "money." "the willis rort" is comg up next. ♪ >> warning, the following jokes are raunchy, risque, and for adults only. >> suzanne, you look great. i think i'll have your room sent up to mine. >> no one threw a betterar, a better black tie, a-list, racy, raucous, hilarious party than the king of cool... >> dean martin. >> dean martin. >> deano. >> dean, you're a phenomenon. you look like cary grant and you smell like ed mcmahon. >> starvistantertainment and time life present the dean martin celebrity roasts. >> dn and i have been on more floors than johnson's wax.
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