tv MONEY With Melissa Francis FOX Business November 27, 2013 12:00am-1:01am EST
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housing and job-training company's earnings i don't think it is a bubble right now. neil: i want to thank you very hpq watch it tomorrow, money with melissa francis is next. melissa: making money from fake followers twitter trying to save face after reports that one in 10 twitter accounts is fake. inside tips on where you buy them, what you get. always about money. melissa: first up holiday deals on housing real estate motion will don peebles returns, a scoop on how to wrap up your best deal ever, chairman ceo of peebles corporation, don we're so thrill to have you back, our audience loved you
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last time. i think a lot of people don't know this one of the busiest weeks of the year for deals, a lot of people that are trying to get things done, and closed. before the end of the year, what is the best way to approach a deal this time of the year. >> good to be back. now is a good time to get deals done, banks that are holding real estate, they haveaken back through are will recession, they are looking to get the properties off their books by year end, they report to regulators, and they are stock holders, homebuilders with backlog of inventory, of cocompleted product or product that is near completion, they are looking t finish fourth quarter strong, and continue upward mobility of tir stock. if you are out buying today, ose are two places to go lender-ownwned and home-buders. melissa: if you are a buyer, a seller is there a reason to do before the end of the year.
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>> actually, if you are a seller, now is not the time to sell, unless do you a 10-31 exchange, you defer your gain u might as well sell in january or february you have a year to pay your taxes, if you sell in december you pay yr taxes on april 15. opposed to january. melissa: a good tip, let's ask you news of day, when you die second the data most -- dissect the data most of the gains coming in multifamily homes. >> it shows you where market expansion taking place, highly populated gateway cities, new york, miami are leading the charge, los angeles als strong, and san francisco has been strong for a while, washington d.c. is strong as well. all those have high populated
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areas, and significant barriers to entry in terms of availability of land, and highly regulated environments,nly thing to materia is multifamily, and that i inventory that got sold quickist, during the recession, post recession, were unsoil condos -- unsold condos that is not surprising. melissa: does that meaean if you are an investor you want to get into renting and apartment, the single family is not where it is at? >> there a still opportunities, you don't see as much momentum right now. in -- will where you wanto go, is one in tse gateway markets there will be subub side -- upside, none have come back to prerecession prices, rel estate over 10 years will out for form inflation on an annualized basis, we have still, all appreciation that get to to us a recoveryack to where we were in 2007, about 6 years of
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appreciation since then. there is a lot of room to grow in all sectors of the market, but especially those areas. melissa: to demonstrate to our audience. yo have some really big residents going up in miami beach, pass club estates, are you worried? what do y think are headwinds these are monster blockbuster facilities, a lot of pressure? >> you know, what is interesting most expense every properties are selling the fastest. looking at manhattan, $10,000 a square foot selling well, in miami $2,000, a square foot sellin well, high end, which has been insulated, has been on the market for a while look for that limited product. high-end is where there is a lot of strength, because there is not a lot of inventory, a growing you know amount of av
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of affluent buyerin the wld, and emerging market, miami is a hot place globally. it is emerging as a global gateway city. melissa: as a be man does that make you feel that the high-end is where the see the strength, maybe that is where it is getting played and there are other opportunities in other areas. >> downtown in miami, we're working on you know, market rate, workforce housing, through another subsidiary of our company, we have two blocks of land downtown miami, market rate rentals for those working downtown. the mid market, that in the upper -- upscale luxly market, the 3 million-dollar market is where there is a lot of difficulty with a lot of jobs lost there workforce and mid market there is a lot of strong are, we see that expanding as
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well, that is something clearly that the obama administratio is focused on how to get regulator sense message to lenders they want them to make lones to qualified americans to buy houses. melissa: how do they do that? attacking j.p. morgan, and levering huge nds on them? you feel like that will help you down the road? >> n that is not the right approach, also we have to have regulatory vote environment that enforces the rule. we should be spending energy on letting the rent lenders know they can make judgment calls when it comes to who would qualify, if we see that you will see those permit numbers increase, when it comes to single family homes, it is the average consumer, middle income american that will buy in that market sector. melissa: consumer confidence, hitting a 7 month low today does that make you nervous? >> a little bit, it does, you
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know, what slapping circumstance american -- what is happening, americans are frustrated with what is going to in the government, the last shut down. unemployment still is significant, and job growth is stagnant. we need more job growth for greater confidence. i think that the economy is getting some tailwind now, we'll see some pick up, certainly on the real estate sector, we'll see constructed jobs pick up more as we go to first and second quarter of next yea melissa: there was a lot i wanted to ask you about that but we're out of time, don tea peebs hope you come back. >> slut she. melissa: we know you are as big as your twitter flowing, how many celebrities are paying big bucks to fake it? have you thought about doing it? buying followers? inside the business of buying and selling twitter followers. >> would you have surgery based on results of an at home test, without seeing your dr. first,
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melissa: faking if to make money, twitter has been under the microscope lately since launching its ipo, tens of millions o users are either fake or inactive. chris desi is a social media expert who bought some bogus followers, and joe and ken our twitter eert, you are such a strong man to come out, admit have you done it. >> thanks, you know, sometimes you need. melissa: what? >> i wastismed because i was starts my business, i wanted to make sure i was viewed as a defendtive leader that i knew i was. melissa:id you read about it, did machin someone say, you cany followers.
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>> a person said, this since richarding for rht now, i investigating it. i was like one of those moments, i said, i'm going to do this myself. i felt horrible about it. melissa: how much did you pay, how many people. >> $3 50, and 50,00 50,000 twitr followers. melissa: you thought it was generous. >> it was like steroid, immediate satisfaction, are about cosmetic, but some of the particular that is happening on -- activity on twitter is more sinister. melissa: so what you get is not that bad? >> help me out. melissa: what does this mean to twitter, we're reacting to a study an article in "wall street jonal" talking about tens of millions of people thahat on twitter that are fake, how does that undermine the value.
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>> i don't think it has ha big of an affect to stock. >> it says their business is fake, when they say they have this many million people they don't. >> it -- that hurts -- that hurts the individual person who is buying theollowers, i think who'll point of being on twitter, having, is based on fact that people are listening and talking to you. melissa: twitter whole value is we can tell you what everyone is saying, doing and thinking, the word those are not bodies, those are robots, it undermines the value of the. >> this gentlemen jim, buying promoted trending tweets. melissa: who is that? >> mor sinister than just padding your twitter following, twitter is selling 2 advertisers for $200,000, he has case studies he was talking about boy
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bands with mass follows to build thei folwings. melissa: follow me back, you know i follow you. >> on a mass wave, he is purchasing followers that are engaging with thewitter account. melissa: they a real peope. >> that is different from buyin followers, sent out by robots or smalspam bots. >> which is the next level. >> i think that is more dangerous. he did not give numbers, we know it is less than $200,000 to become a treing topic, is is compelling should scare shareholders like you payor a billboard but someone else saying pay me half. and i will build a billboard, i will say of it built by the people because it does not have the promoted tweet icon.
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melissa: this reminds me of buying our way to "new york times" bestsellers list, a lot don't know, it is possible to do. people out there figuring outweighs to get your way on there. buying bks and various ways. it has turn mine the brand overtime? >> i think that is twitter is trying to fight back, it is clear in their terms, what they say, but you cannot create multiple accounts for abusive or destructive purposes that also includes automotive account -- automotive accounts not for invidual. ere is more of a nuance advanced attempt to buy more followers that are real people. that is where the danger is. melissa: we were looki out at this, this is something people
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talk about all of the time, how many followers and all the housewives accusing each other you bought these followers, some of the places, buy twitter, and intertwitter, fan me now sms obvious from the names of web site that is what they are doing, can't twitter shut them down. is there a way to stop them if i are advertising? >> they are clear, twitteras been paying attentionut there has been a dip in some attention they have been paying to it some people said because of the twitter ipo, taking the eye off the ball for a moment, studying algorithms, they said the got rid of 95% of spam bot now an uptick, because they are hijacking the trending tweet 92 we'l92.meliss people you boughte
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they real? >> they were fake. >> wt happened. >> it bumped right up, you get bi bulky then, it would leave, from 50,000 followers, a then 30,000 followers, people in the public eye, real housewives. melissa: they say i have a million i'm, ashton kutcher, and then gives someone a l lot of credibility. >> it does, but i am going to my orinal point it doesn't. i would like to think my 14 us thoug1413,000 followers are rea, i do think that credibly, on an individual level for people trying to building a business does not help you make money. >> all right. , you were great thank you, so brave, and honest to come out. come on.
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tomorrow kicks off biggest travel weekend of the year, and sky-high prices at some airports might make you wish you packed up the kids and driven, our travel guru up next with surprising stats. >> up next, producer of pretty women and fight club, admits to being an iz realit israeli spy. we have all details. do you ever have too were money?
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threat for friend friendly sky, airfares are soaring, here is travel expert, ceo of farecompare.com. thank you so much foroining us, diving right in. looking at the prices, rising, new york, jfk up 25%, washington d.c., dulles 32%, midway 22%, sacramento 14%. are you surprised by any of these industries? sacramento is that popular? >> i am surprised it is not higher, we've been tracking airfares over 8 years. year-over-year, this year, along airline tried to hike fares over 12 times domestically with we're zero success. melissa:hey t to raise the fares no one buys it or ma and.
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>> now that you have about 5 major airlines, one will try to raise prices, by 5 to 10-dollars round trip, they are testing two things, the appetite of the competitors, if the are $1 more than their competitor they are on page 40 of shopping results, and testing appetite of consumers, if a price goes up by $1, consumers are so sensitive they actually stop looking, today in airline model you have to fill every empty middle see the, you have to discount to some degree. melissa: airport with bigger increases. manchester, not that far, they w 10% increase, this always surprises me, i feel like the little guy, without that many flights, now will be 10% high or ut, and new hampshire. you know that they will price
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themselves out of business, is that not what happens? >> this is the case that department of justice tried to block, there 120 of smaller city like manchester for example, that fit between two and four hours from a big hub city, they take the brunt of airfare increases with lack of competition with airline mega-mergers. so prices go up for them, you know have you low-cost airline like southwest, and jetblue competing in bigge cities that keeps price point down. melissa: some airport where southwest is have seen a sharp increase. that before southwest was holding down the price, in places like dallas love but now spiked 36%, houstonobby 24%. let me ask you for anyone watching right now, and trapped somewhere. because of the storm, your bt advice? what do you do?
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>>ake up tomorrow morng you and will sign up for every potential alert out there queueing alert, flight status, all right, cck your airport, it looks like big trouble starting at about noon tomorrow, in morning like this morning it was fine, later in afternoon, charlotte and atlanta will be hit hard right now, we'll see this same issue tomorrow. you know startg off boston, new york, laguardia, newark, philadelphia down to washington, d.c. and if that is the case, you want to know ahead of time, and airlines are precanceling already for tomorrow. melissa: let mesk you, my mother-in-law called, storm is coming on wednesday. should iebook my flight? what do you personally do do you bet the weather plan is right. >> you do rebook right away, right now airlines are waving
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changing fees, you try tomorrow you will never get two is the system. >> thank you, rick. melissa: up next, a converse too whether or not you should be able to buy addome medical tests to discover possible genetic problems. our government does not think you are capable of handling the results, but with health care costs skyrocketing why shouldn't you be able to take the theft test before heading too the for's ost. >> who made money today piles of money coming up.
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have surgery without consulting a doctor first? that is what the government thinks you will do, here it debate it, dennis neil, and dr. robert, dennis you are upset about it. >> we're on the brink of a revolution in personal dna mapping, for treatment. allows to us figure out what lurks deep within us this is a great thing, 23 and me lets you take a sample of a simple cheek swab, sense it to them, 6 to 8 weeks later, they measure, this is in. could nothis is ithisisthisis -- information. govement said this is -- it is in. could have you a right to it.
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melissa: what did he get wrong >> we are in midst of a genetic revolution but two wees, number one, has this company met standards that they set aside for this type of system. are genetic tests actually predict or of outcomes. melissa: just information. dennis is that your point, not like you will choose to have surgery without further testing, a lot of people would test for acka gene to see if you are a best cancer carrier, you would say i am going in for more testing. >> if you are a wan, to have bracka gene, have you 80% chance you will get breast cancer, some women choos to have a double mas.what is going on, a turf ba,
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23 and me have been talking to the fda on and off last couple of years, they are finally doing the test,ow they are ticke off they are doing it without permissi, and now they want to punish them. melissa: is there the case? do you think they are afraid people will do the test at home, nothing will come up, so they will think they are immune to couldn't ser? -- cancer? >> the fda feels it is their responsibility to make sure that things are safe, from safety of a bko swab of a is a -- salivat there is not much danger in that. but have they met standards they can predict what they say company said there are genetic
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diseases, predispositions, they have a good technology, but they have not at least to fda done, proven when they find a test answer does the patient respond accordingly. >> perish the thought that people would figure it out on their own. people have got' a partial gene map, i have not heard of one thing going wrong, fda is going after boogie men of things that don't exist that is theda that wants to regulate e-6 as if it has the same thousand chemicals in cigarettes, and they want to get rid of tran fats, and stop you from getting personal dna
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data, i say itour right to have it our goverent spent 3 billion in taxpayer money, with that first individual genome, and now they will give you one for 99 bucks that government wants to stop access that is up feuer rating. infurating. >> if the test were offered, re is interesting information a test to find out about your ancestry that would be the end of it i think that fda feels it overreached they stipulate that test should be used to go to your doctor or getertain treatment. melissa: but why, go to your doctor, it seems that is accurate. u would get the genetic test there are all kinds of genetic testing, if you are thinking about having kids there are
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tests they tell you what you are at risk for how is this differentt >> there is no danger in particular for getting information, i fda feels that marketg and pr promotion has ben as a tecique to make medical decisions, what they are saying that this in their turf, they company. >> bingo. >> the company crossed into that. >> it is in their turf. melissa: thank you. we appreciate it up next, your family and friends are about to dig into their thanksgiving feast, you are stuck at work. is there any benefit toeing trapped in your cubical while every else is eating turkey. tweet me, told me what you think, appreciate special
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melissa: opening scene, same producproducer doubles as forei. a few blockbusters were his belt. but newly added to his resume, he is a israeli spy. the amazing detail issue william, have people been shocked about this? >> yes, it came out of the blue, who knows who is next to you, who is serving as a secret agent for a foreign government, he lived like a character in his own film. one mr. and mrs. smith. undercover spy, he was a spy fr israel. he produced more than a hundred film, he used to spy for bureau of scientific relations.
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israel shut down after american jonathan powell was convicted of spying are if israel in 1987 19. last night he admitted in living this double life, producing in hollywood, at one time he supported apartheid to buy nuclear triggers a south africa, today 68-year-old, who is a chairman of regency films is worth more than $4 billion, and apologize z for nothing. >> i should have said [ bleep ] , you know, what i did it for my country, and i'm proud of it. >> he produced filmsike pretty woman, fight club, l.a. confidential, and worked with stars like russell crow, ben affleck and b robert de niro. he was recruited by shimon peres
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in 1960s. the is closure that sydney pol polleck. he also allegedly spied for israel. >> sydney of my partner, in exports, and aerospace, we had to decide what he is willing what he is not, many things he said no, many thing he said yes. >> milchan made thousands in arms deals he had about 30 companies one in 1986, one of his executives was accused and indicted for buying and selling nuclear materials, milchan at
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the time said no, i don't know anything about it, but now he admits he knew, that is where it is, some in hollywood maybe suspected but no one knew. melissa: what is the upside of saying you are a spy, is anything going to happen? >> probably not, he was working with the cia in many cases. he was probably doing some deals we did not know about. but we knew who he was. shimon peres saide was treasure o of the espy espaiaia. melissa: thank you very. >> you think of holidays, you
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think of family, and football games, others see opportunity like working on holidays, causing quite a stir, here is jeff guardr, and monica crowley. i was like who is filling in for neil cavuto, there is an opportunity out there right monica? >>bsolutely. i have worked on july 4, i have worked on thasgiving day. and worked on christmas eve. sometimes opportunity presents itself, and we don't ale have luxury of taking date off, sometimes when an opportunity comes and your financial situation dictates that you need mo money, and need to work, you should take full advantage of that, if the market will bear, having the stos open or having an opportunity there, you know situation present themselves why not trachit. >> sometimes people do really are in a situation, where they have to work because they are the lowest perron on the totem pole but in a are happy to do
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it, i am sharing a secret with you. melissa: they are like i'm show glad i'm here? >> i've spoken with some of your folk he'folks here at fox. melissa: do they hate their families or in laws ? >> some are happy to have a job, they are starting at a particular place, they know they have to pay their dues before they get that "9 to 5", get holidays off, they know it is a sacrifice, it will be a better holiday down the line. melissa: do you agree? >> no way. -- yes, 100% understand there are people that have to bork on this holiday, if you are given a choice, i would personally rather takeff, be with my family, with my young children. we're not given every day. melissa: no recognition that would make it worth it. >> not for me, how many poll days a year -- holidays a year
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do we spend with our family, thanksgiving i a time of thanks, for me it is important, however i do understand -- >> w are you laughing? >> i do understand, people have to work, you know i understand that. but for me, my family values, if you don't have, to one particular day,. melissa: there is so much outrage people at walmart and everyone forced to work. >> i think if you are forced to work, something that is a very unhealthy place, for you emotionally, you will be upset. but folks like monica and i, not to take anything away from you, ww enjoy the opportuni, some people are in to that, some of us, i will say its, yes, we want to stay away from the family just a little bit. not a full 10 hours with the family. >> do you volunteer to work on thursday afternoon thanksgiving, i hope my mother-in-law is not
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watching they would force us to go on a turkey trot where they ce i town, i would rather stay in new york, i have to work i'm sorry. >> work provides a convenient excuse for you melissa: do a lot of people need therapy on thanksgiving, i could see that? >> a lot. >> we get a few people with issues with substab abuse or family disfudge, bu disfunction. i like to work on thanksgiving morning or whatever holay morning, for at least 4 to 5 hours. >> so you don't have to help cook? >> come 2:00 or 3:00, i feel like now i can really enjoy this holida i wked for it i'm a workaaholic.
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melissa: you can't relax. >> not without working thei think chilling out. >> what does this cross the line to being unhealthy? >> make him answer. >> it is unhealthy for many people, but some of us -- if i was not worki and i don't have a substance abuse issue, i'm afraid i might start drinking by 11:30 in the morning on thanksgiving. i'm afraid of the calories. honestly, i would rather be working come 3:00 then tini time. melia: who is working on thursdays here. >> raise hands. >> i am. >> last year,hanksgiving morning they asked me to do my regular segment, and this year, i said no. only because -- n no, i lovehat i do. but only because i felt like, the last two weeks have been crazy that i really do need two
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days to kind of become press for my own mental health. melissa: i say you fill in for mr. o'reilly. >> on labor day. >> i have news monica i am filling in for you. melissa: all right up next, you may love the smell of turkey cooking in your house, but would you buy's candle that smells like kentucky fried chicken -- >> yeah. melissa: monica will, another company thinks you will, they have a customer in monica, find out why. you can never have too everyone money or too many kentucky fried chicken items smellg up
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change,he mel of kentucky fried chicken, so delicious, would you want your home smelling like that4/7? a kentucky woman said yes, and she created a kentucky fried chicken candle. yes, there it is, the wan, joining me now, i have -- my first question is important, how did you mak a candle that smells like kentucky fried chicken. what is in this? >> thanks for having me on, an interesting process seems there is no other fried chicken candle on the market. melissa: i'm shocked. >> i know. i know, i had the idea i thought it was very brilliant or the worse idea. there was notng else like it. there were no scents that i could buy that would make it smell like fried chicken. i decided -- i use a 100%
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natural soy wax candle. melissa: do you pour kentucky fried chicken ground down into the bones to make it smell like that? >> no, i got out my iron skill it, i started frying chicken in the candle wax. melissa: there is real fried chicken in this candle? >> it -- not real friedhicken. but the wax where i fried the chicken in the candle and poud whack off of the chicken, then i added secret herbs and spices. melissa: like the colonial himself. you sd this is either martest or dumbest idea ever, what is demand like? >> it has been surprising aim of attention the candle has gotten, i am finding that people of all
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ages,nd in the country, actually we have some good press in england, and japan, they find it you know, really appealing. theyre buying it, it seems as though it is men and women alike. melia: it seems you want to get the smell of fried chicken out of your house, it was in there, you loved it, it is over but you want it out, but no, people -- have you heard from kfc? >> i have, we're careful we're not saying it is kfc this is, fried chicken candle, people are making that -- that -- >> from kentucky. >> the other kentucky derby it is from kentucky, fried chicken. i am not sure that kfc would appreciate nuance difference, but kathy we love it, we love you thank you -- thank you it does smell, for sure smell like kentucky fried chicken for what
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that is worth. tnk you kathy. >> thankou. ay, thank you very much,. melissa: next up who made money today. millions of pple hoping to see these boxes under the tree this year, and company's news is adding big sparkle to holiday season, not sure who it is? we have the answer ahead, you can 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 every purchase, everywhere, every single day. so let me ask you... at in your wallet?
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277,000 shares of tiffany and company, he made $1.9 million today. the wow, i would take that in a little blue box. making money in 45 seconds. the surviving members of monty python. getting back together for a reunn show july 1 in london. a 20,0 tickets that were for sale sold out inunder one minute. the run was extended and they added four additionashow was. and making memorabilia money. the statue from the mvie of the same name is auctioning off from close that more than $4 million. it is one of the two made fo the movie, but the only one known to have appead in the film. one expert says it is arguably the most important movie prop ever. that is all we have for you and i hope that you made "money" today. be sure to tunein tomorrow for an hour-long money special.
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that is tomorrow at 5:00 p.m. eastern. have a wonderful holiday. "willis report" is coming up >> 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 better party, 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 le ca grant and you smell like ed mcmahon. >> starvista entertainment and time life present the dean martin celebrity roasts. >> dean and i have been on more floors than johnson's wax
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