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tv   MONEY With Melissa Francis  FOX Business  November 26, 2013 12:00am-1:01am EST

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>> thank you guys very much. ars weak? money next. melissa: historic breakthrough or mistake? are we actually paying a lot to make next? we will break down the deal in a place you have not seen yet. even when they say it's not, it's always about "money." ♪ the white house, t nuclear accord as a major diplomatic achievement. but can they be trusted to hold up its end of the bargain? if you think that is a million-dollar question you have to think a little bigger.
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curbing its nuclear ambitions. ce the dollars start pouring in what is to keep them from cashing in and going nuclear anyway. both ses we also have michael o. hand live here as well. thanks to both of you for joining us. what do you think? a better deal? >> on balance this is a better deal dismantling the sanctions resume. they will not be dismantling a single centrifuge. it will not be shipping a single kilogram of iranian and will not be dismantling its plutonium producing heavy water reactor. that would give it a plutonium path. we could have done betr. melissa: that is an argument we have heard from a lot of science. do you disagree? >> i disagree, although i think that the point to specific invalid. we have to make sure our long-term deal does dismantle
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most centrifuges, prevents the plutonium produced in reactor from evebeing completed and get some of the low enriched uranium out. but we have to acknowledge the 20% is now apparently going to be rendered inert or unusae. that is a good tng. also, 6 billion in unfroze assets were 7 million, it is real money, but it is also 1 percent of the gdp for one year which means there is no long-term economic recovery. there will have to prove if it is serious that it is willing to do some really serious things. if you can debate whether they got more than they gave. i won't even stronger disagree, but i think that the important issue here, it is only a six month interim deal commando rera trying to do is set the conditions. 6 billion will not give them a lot of long-term help if they fail to come up with a serious agreement. melissa: the show is called
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money. let's stop right there. is 6 billion a lot of money? many of making the argument that the sanctions were just beginning to work and they're really feeling the squeeze, a by taking no way now we have taken away all leverage, or 6 billion just not a lot of money? >> you're right. on the financial ropes. six of 7 billion in freedom of assets is a low ball number coming from the obama administration. mark two bullets of the foundation for defense democracy estimates that this -- the amount of free up money, billions, as much as $20 billion in will go directly into the coffer of ron which is the state-sponsored terror off. the freedom of money can be used to cover early advance the program and sponsor terrorism in syria or elsewhere. this is a problematic concession teeseven what do you think? that is compared to the concessions they use a we were getting, whether it is the iranian in richmond levels of
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20%, halting the advancement of the centrifuges, is that something that can be done in the interim in north korea? >> partly agree, partly disagree. i would agree that this gets close to $20 billion in unfrozen assets, i began to wonder if it's worth the price tag we're paying. but let's also be clear and be careful in our language. there is no weakening of long-term sanctions. now, if you want to use the word sanctions to mean any kind of economic effect whatsoever,ou can use it in that sense. melissa: but why is there no weakening of long-term sanctions? all they have been listening to people make the argument. once you put them off this is a flood of money. >> that is the point. the ban on oi trade of 11 non-oil trade to my take technology trade remains intact. people worry that if we year into a lax mood on the whole thing we will let our guard down
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and then be duped into letting these sanctions here relaxed. that is the argument that i hear in an argument work making and lori and about, but it is not what is actually happening teeseven they're getting that money in oil revenue right away. that is part of how we got to the 7 billion, and i am looking at the details of the deal. >> frozen assets and revenue, but therwill be allowed to do barbering in gold and precious metals to recru more money from any oil revenue and in addition will be allowed to export petrochemicals and automotive parts. that will also bring additional money into the economy. more generally we have worked very hard to get international partners like japan, china, india, very, very dependent on oil to come back. the worry is that once you start pulling your finger of the damn it may break. i don't think it will completely break, but my worry is you could start to see it brea financially teeseven people who
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are not for this deal are for war. is that the only other logical progression? >> well, i worry about that, but all the points above the raised in this conversation of valid. i am not trying to realize the concerns aut even a moderate short-term economic boost. i am simply suggesting that we are getting some real freezing of the nuclear activity. soon enough we will see if there is any kind of longer-term consequees or progress. i take your point. i am most worried about this issue we have been discussing which is the question some of the sort of seco aect sanctions being weakened. the core ones i not. even the smaller relaxations, that does run areas. getting tougher and tighter for a decade. in the habit of doing it kamal vigilant about a command that don't think will forget that in six months, but it is worth worrying about.
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melissa: thank you for joining us. we appreate it. the beginning of the biggest shopping season of the year. the ceo of walmart has suddenly retired. is he a casualty of the warm walmart? remember earlier this year when analysts said the housing market was finally recovering. the rebound in did back in may. pending home sales have dropped to a ten month low. we have that gel from miami to lay an all-out about real-estate market five coming up.
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melissa: the warm walmart to may have claimed its first real victim, and it is a big one. black friday looming, ceo announcing hisesignation from the top post at the retail giant walmart has enjoyed -- endured nonstop criticism for everything from a stamp on unions to its employees hourly wages. it is ironic that the guy w is said to be in wal-mart's next ceo started working as an hourly worker. agassi did not work got to badly for him. here now to break it all down, her very own.
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i think this is part of the war on walmart. this was unexpcted. we hea about might do cleaving. >> walmart is at war with itself. they're very business model. by extension, we know what is really happeni and walmart. melissa: what about anything he said that made you think that the cn should be out the door. >> a little more simple. came in in february 2009. up 100 percent, but they're up to under 50%. significantly underperforming and they get squeezed. the dollar store underneath squeezing on that end. of course the other part of it. i don't think it has anything to do with this. by the way, -- you don't? there has been announced of boron walmart. a drumbeat, the whipping boy. i mean they are out in front.
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too much pressure, too much going on. you don't think that an impact? >> listen, i think it is more of a business think. here is the thing, they created 2 million jobs, over a million jobs in america, democratizing products. ten years ago, 20 years yo they could never dream of having the things that they have right now. i he been to towns where one sprung up and the locals consider it a godsend. most of the people complaining don't work the. melissa: or people in the towns, driven out of the small businesses. helen to bring that up. for employees. judging 100 percent more. >> the average walmart worker, i don't think.
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if you're asking for a list to show on twitter, they have no clue. melissa: why should they know who sam walton is or care? they care about where they're working and what they're doing. >> what is happening with a suppressed their worker based. they're putting them in is the self checkout aisle. and electronic machine. teeseven they should want to do that. they should want to automate things. add stock. 55 percent of sales. >> you're always complaining about target of a. but. >> the target. i would say the smartest thing that one figure out was tt americans are fat and then make an aisle so that you have to fat
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people pass each other comfortably. that was a stroke of genius. i will say this, you know, automation, that i every industry, almost every business. lever is that. the human beings in the human component. it is somewhat challenging. walmart is the biggest challenge out there. i'm backiig tracks of a distribution center. twenty-three year veteran. also a ceo or a sam's club. a success story if there ever was one, proving that it pays to work at walmart been mad and start as an hourly worker. >> than average worker and emotionally connect with this guy. melissa: have you met him? >> a little personal.
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then down necessarily care of the company. this dazzling 1287 on average per hour. two under and $25 million in legal expenses. they're not running international businessirectly. that falls on his head. suddenly on his way out. >> listen, you have to increase a few palms to get into mexico and china. the bottom line is i really honestly believe that walmart is something. i think the country needs to be focused, by the way, on operating educate -- creating educated jobs and not this idea. this is part and parcel.
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and at just think -- melissa: i will give you the last word. this is a shake-up. to send this guy out right before black friday, there is something going on internally. charles think it is the stock price. >> the rock financial performance. first of all, since might do it became ceo, three straight quarters,-sales. that is not normal. you're not doing your job you know what, forget it. slowing down. just a couple of days to most americans wille eating a traditional thanksgiving turkey. but what will vegans but on their table? there is big money to be made. so big food companies a
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cashing in. we are going to taste what it is all about. can you ever have to my "money." ♪
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melissa: dropping to a ten month low in october. that is the lowest levels since december of. you may think is a sign of a slowdo, but the hottest names in real estate coming here to set as all straight. with us now. thank you for joining us. you know, no matter how i look at this they dropped to a ten month low. down versus september, down verses october. its lowest level.
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no matter how you compare it it makes it feels like there's a big load. what to you think? >> that is not true. ththing is is that sales are happening. the market is healthy. weave been seeing record sales year in miami. i think what you are seeing is some times when the inventory starts to flesh out there is moment of rest and then it starts again. sales have not slowed down. melissa: do you agree? you're just in a hot area. we have viewers all over the country. >> well, i think that we are in a hot area, and our marke has been active. but i also think that there was probably an effect from the government shut down and interest rates. melissa: why would the government shut down impact in the home sales? >> i think people were just kind of standing by. waiting to see what would happen. they were just busy watching that and being concerned about
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that rather than coming you know, pulling out their checkbooks and buy property. when i was going to say without market because we focus on high income a luxury, i think there is only a limited supply. the inventories down. and also, what we found he that is been a bit of a challenge is because we are in a strong market the sellers are really holdin on to their prices. the buyers are coming in, and we are seeing offers, you know, all week long, almost every day. but the sellers are really holding on to the prices, and i think that is what is also slowing down. melissa: would you agree or do you think that is a mistake? would you tell people watching that have of for some of you shou make a deal with the person? >> no. i think that the sellers are trying to price their house as
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strong as they can. you don't want to go over what we call the tipping point because if you press too strong enough going to be enough for. you want to just get their not covert to fixed -- >> i think for us it was well was just saying. we are getting strong offers on our properties. and it is, i think, a step-by-step process of really trying to educate both the buyers and sellers as to where we are here. and i think our strong this challenge, again, has been getting the seller to be a
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little bit more realistic and still get a very, very strong price on their property, which we are getting. we have, i would say, the best inventory of anyone in south florida. you know, we pretty much control the luxury market. we are a great barometer to see actually what is going on. melissa: other than sellers that are not being realistic about price, to use a gets the strongest headline read now? >> i would say right now what they said, reading the paper and seeing that. it always makes people -- you know, the news, headlines make people stop and think. i we doing something wrong. should we not have done. in answering those questions. and i think that the market here in miami is very, very strong. people seeing that. they're seeing their neighbors, seeing themselves and they are actually kind a bullish.
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and it is not just single family homes, but the condos as well. melissa: what changed about your business? what is different right now that may be a sort of surprising? >> it is much stronger. the last two years have been exceptionally strong as far as buyers coming back into the marketplace very actively participating. getting excited and happy about they're buying, speculators are coming back in the market which had left when the market went down. they're now back in the market and actually, you know, really doing well. so i think that all feeds itself, and i think the market for us right now is the best it has been since 2008. >> it has been, and i just have to add that today is a great day begins today with the closing that we just had, we are over half a billion in sales this year. melissa: what -- worded you disclose? >> we closed for just about
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3 million today. that took a silver the 500 million mark which we actually last year had for 80. so we're pretty excited about that. that's when saying. the market is healthy. very strong. it is not just the high end. it is going all the way down. i mean, no matter what price you are right now bell its strong. who. melissa: that is certainly "money." thank you for coming down. we appreciate your time. >> we appreciate it. thank you. melissa: for some people that thought of turng one of these guys into thanksgiving dinner is enough to run their appetite. they look so happy. they don't know that there will be dinner. catering to the market is becoming a big business. of the new chef is here to talk turkey. who made "money" today? a tough time recently, but helping revive this retailer. keep watching to find that to it
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is. piles of "money" coming up. ♪ @a
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>> keep them jolly, i did some investigating and trial and error a strict diet. melissa: trial and error. what was the error. >> we lost a few in the animal rights group, they called. but we got it cleared up now. >> well, peta will be mad at me for laughing. melissa: i knew when it happened it was going to cause problem, peta was mad. we heard from animal rights group right after that segment why joe moreti, a farmer who foods his turkeys beer. we're a fair and planned channel.
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so the vegan food is working, i am having a vegan thanksgiving, not me, but 6.6 million people, how do you do that. >> it is easy, so many different holiday roasts you can find, there -- today we brought tofurkey the classic. but there is also. melissa: in mdle le a sausage. >> it looks like a ham. it is made with soy. we did a maple glaze. you have try a bite. melissa: i'm going to wait a second because i have questions to ask. this is a huge business, everywhere i go in new york there is a vegan restaurant, everyone is getting in on it from chipotle to starbucks, and johnny rockets, pi pfchangs, wht do you think? >> it is huge, it is getting
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bigger, a have a personal stake in this by daughterrallly be -- alley became a vegan at 8 years old. melissa: how did that hpen? do you eat meat? she decided she was not doing it. >> she decide she is no longer eating dead anima, she has not had a bite of meat in 12 years. melissa: vegan, not vegetarian? >> she starred vegetarian, at some point, she went further, took it vegan. melissa: do you want if to look like a turkey, yo you said it lo like a ham, i think, thehought ofating animals grosses me out, i don't want it to look like the animal food. >> a lot of people go vegan for a number of different reasons,
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some for health, for som othersy love animals, for me i love animals, a lot of people do it because they want to help animals this say roast that would replace what a turkey would be on your dinner table this is -- they want the spirit of thankiving without the cruelty involved with the industry. melissa: that cruelty en volved with giving beer to your turkey to make them jersey, what do yo@ make is the best way to market the veganood? what appeals? the idea it should look like a traditional turkey thanksgiving or the turkey far fromind? >> it depends who your audience circumstance we talk about -- circumstance we talk about this, if talk to vegans and ve vegetarians you you don't need to make it look like a turkey, tofurkey backwards is faux
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turkey. theo furthery iy tofurkey it foo does not want to make their grandson or daughter feel bad it does speak to everyone around them, and people who are flirting with it 23 million people say their diet is representindie vegetarianinflue. melissa: there are a lot of converts in there, annie, what are these things you brought, this smells good, i'm working up on trying it. tell me what they are. >> we have tofurkey. vegan stuffing, whole foods has the vegan stuffing next to the other stuffings. we made using better than bullion, a no-chicken-based
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broth, it is low-sodium. melia: i think of stuffing as bread crumbs. >> sometimes they have poultry seasoning, or fat added to make it extra oily, you can use olive oil. melissa: what are those breaded balls? >> gar dean savory stuffed turkys, with no e, this is a personal size -- >> is that rude? i would worry, if i am having a big thanksgiving dinner, i have someone vegan a put that in front of them and a giant dead carcass of an animal in the middle of the table, i am thinking i am offending this person. >> i think that most people would think it is thoughtful you thought of them.
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they can enjoy it. melissa: patch, get over here, try this. >> okay. >> bruce, what would your daughter think with the carcass on the table. what do you do for thanksgiving by the way? try this one. >> my daughter asked this year if we could have a vegan thanksgiving, she is coming home from college, my wife and i think it is a great idea as long as i can have turkey, i said, you can do both, the sizes between yams and green beans and salads, you are not missing out on anything. melissa: he is going in for more. he said he was not going to try before the segment. >> thank you so much. >> bruce thank you we appreciate it. melissa: equal time. i made up for the drunken turkeys last week, we're even now, all fair and balanced. do you over spend during the holidays and try to hide it from your partner? it happens more than often than you think, could tt lead to
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financial ini indealtty? tweet me. at the end of the day it's all
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melissa: from the u.s. over connor of the globe, money as it been flying started in switzerland, swiss voters rejecting a plan to have to pay a company executive limiting salaries of highest paid managers to 12 times tt of lowest paid workers. it was backed by switzerland a young socialist,usiness leaders and critics warn it would weaken switzerland's competitiveness. >> to iran. senior iranian aviation executive were dng preliminary window shopping at dubai air
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show, iranian airline are banned from buying new passenger planes from airbus and boeing. one aviation expert said, if the sanctions are lifted there would be a spending spree, not just planes but life jackets and landing gear, airaft engines, flight masks. >> landing in germany a thousand amazon employees participating in -- two the of locations protesting wages and benefits they want amazon to adopt a industry wide industry agreement for employees rather than its own pay scale among benefits a christmas bonus for a 13 month salary, which is custom in germany, where do we get that? what is christmas really about?
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>> presents, i suppose. melissa: all about presents, expensive presents, a recent study showed one in four couples cover-up or just lie to their significant other about the amount of money they spend while holiday shopping, is this just the t of the iceberg or a slippery slope to bigger issues? our panel ready to let loose. that is a lot of peoe, one in four? islying about what they are -- lying about what they are spending they put half on credit card, and other half with cash. you believe this? you approve? >> i disapprove, 3 words separate bank accounts, i think that would help to solve the issue. melissa: this helps you made it more, what do you mean?
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more secret. >> how do you know that one in four is telling the truth. >> the relationship sick people are hiding money on something as inactious as christmas presents. >> are you married ? >> not yet. >> i got you beat. >> go ahead. >> marriage never hesitate to tell a little white lie, as long as relationship is gd, when they're bad, and people lie that is a sympton of a funaal prob -- fundamental problem, it never hurts to it will a little white lie. our aunt millie com to this house, she is wearing a hat that looks like carmen miranda after an all night bender, it is okay
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to tell your kids don't tell aunt mill that's is a ugly hat that is a little whi lie but getting a separate credit card or bank account to hide from your spouse. >> that is not hide nothing that is hiding. hiding. >> you could buy stock, you could buy a house there have been divorce cases where husband has assets tucked to side. >> that is not what i'm talking about. melissa: give is another shot. >> you know, i think this is the tip of the iceberg, you lie about little purchases then the house and apartment building that you bought, you are divorce you find out -- >> wait, wait, i'm a lawyer, lawyers love to talk about slippe slopes, sometes a cigar is just a cigar, if it is
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a little white lie. melissa: what is the amot to every couple that is different. >> if you said i spent $1,000, you really spent $2,000 that is -- melissa: that is a little? >> people are stressed out during holiday, but go to a parking lot, and people are upt. so to add to that you are lying about what you are buying and hiding spending, it is okay, i think i can separate them two, have you a separate account with your money, and a join account with their account. melissa: that is a lie. >> you pay all of bills from center account. what if your salaries are different? are you married? >> i am also engaged.
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>> i'm it. i put on the money in, that is the end of it, nobody asks what i spend the money on. melissa: that works who balances the checkbook? >> my wife. melissa: she could be robbing you blind have you no idea. >> you are right but ie i know what after two 72 tha 72. melissa: that is trust. >> after 20 years. bottom line, if you top sit down with your spouse before holidays and talk about how much money you spend and the budget is one thing. melissa: if you don't? >> then i guess -- >> a free-for-all? >> is that how bills get out of control if you don't have a plan, no one isinding the store, either you have one spouse that spending not paying attention -- that is you.
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>> wait. >> ion a airplane, and no one asked me about that. forced me to disclose that. melissa: wt happens on the airplane stays on the air plain. >> i do, when i walk in there is a brand-new living room set, i don't say a word. melissa: your household is out of control. >> you mention word budget, you have a budget, that is not a flashy thing but if you have a budget for christmas, holiday gifts set it out ahead of time that avoids a lot of conflict. melissa: tear athe separate bank account, and middle do you put uqualamounts in tell me logistics for everyone who is watching, your fi annie too. >> thank you. it separate bank account thing people have different spending habits you should respect people, but make sure you are
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financial stewarts of all expenses have you incurred, central bank account where all bills are paid in a timely fashion, and separate. lissa: you have a number of orville redenbacher when you -- over when you have to check with each other. >> i agree. melissa: thank you, guys, you are all in trouble when you get home. let's go this in 6 months. melissa: do women judge a guy by the color of his pants? how about a job interview, one color makesou look -- other rich? do you know whe
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melissa: time for fun with spare change, we joined by two surprising studies that bring new meaning to dress to impress, two main things in life your job and dating life are judged more than you think, by the color you are wearing, one survey breaks down colors say to an interviewer and what color pants say about you on a date, for job interview, orange is worse color to wear on a interview why do you think that is? >> i don't know, i think many people have different associations with orange, maybe too red or yellow. i can see why, white is organization. >> you have to be organized not to spill something on yourself. melissa: blue, a team player, your blue and orange are
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fighting. >> you have to look like you fit in. navy blue for a man, what i say to students navy blue works. melissa: but that is safe do you want to hire someone who is safe? >> it depends on your audience. >> you are being interviewed by someone probably dull, risk averse, and has interviewed a lot of peoe, i say to students, you want to look conssrvative, fit in, but standout, so, blue suit, blue shirt, but with a splash orange or red. melissa: i would wear red on a job interview because i just walk in and own it damn it. >> for women we have so many more choices, wear what you are most comfortable in and excited about and work it. melissa: gray, logic and reason, brown dependly, red, power, i ve, that black leadership,
quote
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blacks boring, let's talk about the date. this is different, i think. date, if you wear a -- want to appear rich, what color do you think you wear? a quiz? >> purple? melissa: how cheated. >> i studied. lissa: it suggestions you like finer things in life t still colorful, frazier do have you purple pants. >> no, i very rarely wear pants on a date. they are so confining. >> terrible, you are done. >> why. i'm wearing orange. melissa: if a guy wears khaki pants is he perfect. >> i prefer jeans, but khaki it sun rifting choice rather 1990s. >> wild with red pants. >> red pants, red flag,.
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melissa: green pants. >> what if it is olive green. melissa: who made money today. they are starting this week on a high. it is about time for this beleaguered company. you can never have too many pairs of purple pants. this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on everyurchase, everywhere, every single day. so let me ask you... at's in your wallet?
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melissa: hether it is on wall street on main street, keyers who made mon today. anyone who owns jcpenney. the department store's stock jumped. reacting to raising their rating on jcpenney onds to hold from sell. that gave a very nice bump to
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the stock closing at 3.5% up. losing money was the yahoo!. big headlines came out thing that katieouric would be leaving her talk show to join marissa mayer. clearly wall street is not that impressed. and rewarded for finding money. a homeless man in atlanta after a guest at the omni hotel was mobbed. the wallet was found in a nearby garbage can and he returned it to the hotel with his name. at the hotel let him stay there with a room,and through thanksgiving. isn't that lovely? agent for tomorrow. we have the top hits for this real estate season and how to get holiday deals on t new
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house. that's tomorrow at 5:00 p.m. "the willis repo" is coming up next. see you tomorrow. the following is a paid advertisement from starvista entertainment and time life. heeeeeeere's johnny! from the moment he stepped on stage... hey-oooo! ...until the day he said goodbye. i am taking the applause sign home, putting it in the bedroom.... the king of late night.... was johnny carson. so this is old john, eh? going right into all homes, across america. mom, i'm on tv! the curtains don't just part, they kind of fly open, and out comes johnny bigger than life itself. introducing the best of the tonight show starring johnny carson, from starvista enteainment and time life.

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