now they're going back public again. david: with this market, can you blame them? everybody wants to take advantage of this market. by the way they don't have a particular price. that they will settle at tomorrow. >> we'll keep you posted. "money" with melissa francis now. melissa: it is day two of robot week and this little guy works in four different schools as a teacher's aide. is the idea losing your job to one of these may not be so farfetched but what is the cost? even when they say it's not it is always about money . melissa: first tonight, the ongoing wage rage. advocates of a higher minimum wage like framing this as a fight between greedy, heartless corporations versus impoverished overworked employees but one person who actually worked a number of these very jobs says, the workers aren't worth more money. joining me, john hawkins, former

burger king and walmart employee and i long with christian dorsey with the economic policy institute. john, i want to start with you because what you're saying is very explosive, after working a number of these different jobs you're against paying $15 an hour to people who aren't worth the money. why do you say that. >> well, i would say people are worth what they can earn and instead of trying to sit down and say, all right, we need to force the government to pay them more money, what we should be doing is encouraging people to build up their skills so they're actually worth more money. i think that is better way to go. if we go out and say, all right, we'll wage the minimum wage and force them to pay people more money what will happen? a lot of them sadly will lose their jobs. melissa: to drill down on your argument, christian, trust me, i will let you get in here one second i'm sure you're chomping at the bit. you make the says at first job in walmart no chance for advancement, your district manager was sleeping with one of

his employees she was groomed for job. second job at burger king. did two since. your feet hurt incessantly standing around 12 hours a day. there were managers stealing money and had to stay on top of your game to make sure you didn't get blamed for it? why does that lead you to the conclusion? it seems they are terrible jobs. >> they are terrible jobs. melissa: why shouldn't people be paid more so they can afford to get out of the situation? >> but, you're not, you're going to pay them more to stay in the situation. if you're paying somebody $15 an hour, to say, would you like fries with that, what you're doing is encouraging them to stay in that job. what we need to do is encourage them to build up their skills. i mean that is the point of the whole job. any job that a high school student could be trained to do in two weeks is not worth $15 an hour. when you encourage people to stay in the jobs instead of building up the skills, you're sinking them in a trap. almost same way with welfare and food stamps. telling people to get dependent

on the jobs instead of building up abilities and skills so they can get a better job. melissa: christian what do you think of this argument. >> these are not just fast-food employees. they are bank tellers and take care of sick. fast-food workers are responsible for handling our food. these are vital and necessary jobs. all low-wage work is being done to enrich shareholders and ceos. so it is valuable. it is valuable work. it is meaningful work. i think at very least we need the ability to live out of poverty. melissa: i want to stay on point here is what he is saying by paying them less, that you incent them to move on to do something else. address that directly. >> that's lovely in theory. if there were jobs available for everyone at an upward advanced level then clearly we would have no issues with unemployment or we would have no issues in a low-wage industry. the fact of the matter is these jobs are very integral part of our labor market and they are filled by people who do have skills, who do work hard and who

are responsible for feeding their familyies. not kick around high school jobs. melissa: we'll ask him directly. is that true? >> sounds a little bit like a promise obama made, if you like your job you can keep it that is what he is saying. what happens the people who need the job most, single mothers who don't have a lot of skills, building up work skills to go on and do something better, they will drop them, fire them, replace them with machines and replace them with better workers. the people who get hurt most by minimum wage increase are poorest people who need the skills the most to build up and do something better. >> christian what about that argument? you're seeing at restaurants around the country where they're doing automated check yacht, get the check at table. went into walgreens and swipe yourself out. so if you force people to pay $15 an hour, there is going to be fewer o available because you know what, i can buy a machine to do that? >> melissa, you hit the nail on head. we've seen levels of automation

in recessions where minimum wage quite low. that happens no matter what. businesses innovate no matter what. raising minimum wage is matter of valuing work. our determining whether or not or not -- melissa: it will speed that along. >> not people that receive public assistance. melissa: we have robot week here on "money." we have a robot on the show that can replace a teacher's assistant. we have a robot yesterday who can work the checkout counter at mcdonald's. by forcing companies to pay the folks more you're hastening the evolution to robots. >> i don't believe that to be true. if it is in company's bottom line we would see the evolution already. the fact of the matter is, you need people to take care of your sick. you need people ultimately to handle your food. so this is not a matter of you can completely automate low-wage work. melissa: okay. >> giving people increase in the minimum wage is something that we as taxpayers should demand because we have to actually

subsidize through public assistance the low wage that is they receive. melissa: actually, no, if they weren't working at mcdonald's we would have give them double assistance that it was. john, christian says we need people to handle the food and need people to take care of the sick. a lot of those jobs are being turned over to robots. they can do most of those tasks. >> i'm sure christian could make the same argument people at blockbuster who lost their jobs now to netflix who lost their jobs to redbox. i mean, look at those people. where are they? because of automation. what if you guys came in, you know what, fox news has tons of money. you pay all your guests $5,000 to show up, would we be even having segment? would we be better off? we wouldn't be better off. melissa: i ask how why you wrote the article and you wrote incendiary things and you wrote that these people don't deserve the $15 they're getting. you go through example after example people not working hard,

who were stealing, conditions, how bad they are. why would you come out and say these things? what point are you trying to make? what is your agenda? >> well i'm just trying to give people a realistic assessment. there are people, reason they call them starter jobs. i worked my first time at burger king 16 years old. i'm not telling you was a great employee. i was a lousy employee. i can tell you i was not worth $115 an hour when i was 16 years old. most of us weren't. people who will get paid $15 an hour will get paid that and not give that much value back. >> some perspective. 88% of all minimum wage workers are over the age of 20. this is not starter job situation. yours was a minority experience. the real experience was for people -- melissa: 15% are between 16 and 24-year-old. this is from the bureau of labor statistics. >> 24, that's right. 88% over the age of 20, melissa.

88% are over the age of 20. melissa: 20 and 24. we're parsing, they aren't, majority of them are not adults out there supporting families. we'll leave it there. >> melissa what is a 20-year-old? it is an adult. melissa: we'll leave it there, guys. thanks so much. christian thank you. john, thank you. we'll do this again. up next, first it was health plan. then it was your doctor. now it is your medication. turns out some people might not be able to keep their drugs because of obamacare either. also, it is nearly here. you could be making phone calls, mid-flight, before you know it but one congressman wants to stop this before you can even dial. we're talking to him about why. listen to what he has to say. more "money" coming up. [ male announcer ] here's a question for you:

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melissa: obamacare is at it again. first you can't keep your plan. then you can't keep your doctor. now you may not be able to keep your medicine. it is the latest consequence of the health care with huge issues with what drugs are covered under each plan. here with details what you need to know and how much it is going to cost you of course is dr. scott gottlieb. he is a practicing physician and aei resident fellow, former senior policy advisor at centers

for medicare & medicaid services. you certainly know exactly what you're talking about. what is going on here? what is the problem? >> well the drug lists formularies in these plans are very different than what people are used to. melissa: what is formulary? >> formulary is a list of drugs your plan will provide coverage for, often with a co-pay. what will be offered in obamacare is closed formulary. meaning if the drugs are not on list of drugs to be covered they will not be covered at all. melissa: at all? >> basically out-of-pocket. melissa: what about your deductible? >> the problem is that the money you spend on drugs that are not covered are not added to the dedoublable. melissa: you're not gaining any points by sending your own money on these drugs. what is your choice then? >> people need to be careful before selecting one of these plans because there is wide variation. there is not at love information about the different formularies. one study looked at different formularies across all plans and found 450 to 1,000 drugs.

if you get plan covers only 450 drugs, that might be very restrictive. melissa: are these crazy expensive drugs they're not covering? >> pretty much. melissa: so is it a common drug most people would take? what is exam pell of one? >> i looked at one plan in north carolina a fairly common drug for multiple scalise sis was not covered. >> what is it called. >> it is fairly expensive. patients on the drug. this isn't a drug where there is therapeutic alternative meaning could you switch to another medicine. if you're on cholesterol medicine you could switch to another one pretty easy i but a lot of drugs on the formulary there is not at all tern tiff. >> who is the judge of that? you get a prescription from the doctor, go to the pharmacy, check out, get the bill and it is $12 billion. i have insurance, did you not realize that? your plan said they wouldn't cover that. you have to go back to your doctor. your doctor fights with them and says there is alternative and ends up being covered.

that is the no the case here? >> that is not the case here. these are what we call closed formularies. what happens if a drug is not on the preferred list for your plan right now you will have some coverage and coinsurance but in this case it is zero. the drug isn't covered at all. also the co-pays for covered drugs are much higher for these plans on order of 40%, compared to 25% on commercial plans. melissa: so, you're talking about specifically the plan that is are on the federal website. >> right the obama care plans. this is one of the compromises they had to make to cheapen these plans to pay for all the other stuff. they basically have more restrictive formularies. >> how can you protect yourself? if you're somebody who is out there and needs to buy a plan on this exchange, i mean can you tell right away when you're in, when you're online trying to sign up, how can you figure out whether or not your particular drug is covered? >> it is hard. a patient on a drug right now probably will look at formularies to make sure the drugs are covered. what will happen people will pick lowest cost plan, people

that don't have medical problems right now and access the plan to use it they will find it is very restrictive. melissa: wait, let me stop you. when you go through to the website and pick a plan because we've been through that, whether at work or through the government or whatever, there is not a huge list on there. >> that's right. melissa: that shows the drugs. what do you do, call the phone number? you say this is my medication, is it covered? then just somebody tells you in a phone call, they could say i don't know who told you that but they were wrong. >> it is hard to find. some plans put formulary list online. sometimes list are incomplete. sometimes you can't find them. i gone on tried to find them. they are hard. but for majority of plans you can find them online somewhere but it is not just readily accessible. melissa: if you buy more expensive plan are you most likely covered? is it cheaper is more expensive. >> you can't buy higher up. the difference between the bronze plan and high cost platinum plan isn't more than change in co-pay and deductibles.

same doctor network and often times same formulary. people think if you buy the platinum plan you get a better benefit. most cases you're not. melissa: what would you do? if you yourself is in the situation and had a drug not covered on one ever these plans, what would you do? would you go back to private insurance or how would you manage that? >> that will be hard. there will be people in certain states who will not have plans that cover certain drugs all together and those consumers will be in a tough bind if they're forced into the obamacare exchanges. part of this depend on what state you're in and where your income falls out, how much subsidies you get to pay for stuff. if your drug is not covered, it is not covered. melissa: i thought we would sort through and this is one of the big things we would overcome all the uncertainty and all of it comes back to bite you later when you find out what you need isn't being paid for. very frustrating. doctor, thanks for coming on appreciate it. >> thank you. melissa: trying to decode it. in flight calls could become a reality, dream come true or just a nightmare? we a congressman who intends to

kill the phone calls before the phone even rings. here why. rise of the machines happening onset. find out why this robot, isn't he cute? he could one day be teaching every child in america. my kids would love him. at the end the day it is all about money and robots. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, t 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 important reasons to take eliquis instead. one, in a clinical trial, eliquis was proven to reduce the risk of stroke beer than warfarin. two, eliquis had less major bleeding than warfarin. and three... unlike warfarin, there's no routine blood testing. [ male announcer ] don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke.

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melissa: from the u.s. to every corner of the globe money is flying around the world again today, starting in the u.k. the brits are truly embracing the holiday spirit by creating world's most expensive christmas wreath? the deckcation is studded with more than 30 diamond and 11 vivid rubies. i love it. the greenery is hand picked from a garden in finland. sound very fancy. the wreath can be yours for

reasonable $4.6 billion. you might want to keep it indoors i think. over to australia where the iconic sydney opera house is making money selling piece of its roof. more than 120,000 virtual roof tiles are being sold up to 3 off dollars each. people are already snapping up the tiles. including actor hugh jack men from "x-men." the opera house plans to use fund for much-needed renovation, yeah if you rip the roof tiles off. to it tally where it is good news for the country's mob stirs. oh, no. reports are they had a huge payout by none other than than the european union. review by the independent watchdog found it misspent nearly 5% of its budget last year to the tune of nine billion dollars and up to 700 million bucks was given out to companies directly related to one of the most powerful mafia families in the country. the review also found more than a billion dollars was given to untraceable humanitarian groups across the middle east.

doesn't sound fishy at all. all right. , attention passengers, are you ready for your fellow flyers to talk on the phone throughout your entire flight? the fcc may allow travelers to be able to make calls on planes. a lot of people are undecided whether this is good idea. it could mean big bucks for the airlines. one conggessman just wants to call the whole thing off. here is the chairman of the house transportation infrastructure committee, congressman bill shuster. welcome to the show, congressman. why are you against this? >> thank you, melissa. i'm against it i think in an airline situation that it's a confined area, small spaces with many people, i think allowing people to use their cell phones to communicate by voice cause as lot of chaos, a lost noise. i think for most of the traveling public they want a quiet and uneventful experience. i just think with 200 people talking on the phone, just imagine, sitting between two people. one having a conversation with the day's events with spouse and other sitting next to you having

a disagreement with business partner for two or three hours. melissa: con lot of things people do on planes they're allowed to do it. i bring two small kids on a plane all the time. i mean people have smelly food. that is just part of being in a cramped space. so why is this different? >> well, because i think there is, we're able to communicate now, we're allowing folks to use texting and emailing online when they're on the planes. i just don't think we need to go to that level of communication because some things we have to take kids somewhere and people are bringing food on the planes but i just don't think we need to do that i think it will be a huge negative blow to social discourse because you probably been on planes before as have i where people are talking incessantly the whole time. melissa: yeah you. >> can't stop them from doing it but that is, they're communicating one-to-one. you allow to open up to talk to family, businesses whoever, i think you will have many, many people doing that. that would be very annoying i think to most people. melissa: we had it for a long

time. i mean until i think it was 2006, we had those air phones in the back of the seat pockets if you wanted to use them. and in fact on 9/11, that's what a lot of people were calling from that were tragically on those planes that went down. why did we do away with those and what is different about that and this? >> well the airlines did do away with them. one they were very expensive and they decided i think part of the equation was that people, the consumer didn't like it to be on the plane, to have people making, to be talking the whole flight. again those folks also on flight 93 which tragically went down in my district, they used cell phones because they were at low enough level they could use them. i think one more thing at that will make the experience on a plane unpleasant because you have 200 people and 150 or 50 of them are on the phone, again, maybe -- melissa: it is already unpleasant, congressman. i don't know if you have flown lately, it is kind of miserable no matter what. i agree with you it would be very frustrating but kind of

feels like at this point the horse is out of the barn. there are different ways you can control it. what about making it really expensive? that was the deal with the phones in the back of the seats. >> sure. i think that's a possibility but you think you're going to have people, many of the people that travel, have the wherewithal to be able to make those expensive phone calls. again i just think it is something that is unnecessary when we allow them to be able to text and be able to use email on the plane, why do you need to add that. melissa: don't have to yap as well. no, i hear you. we don't need to yap. you know what drives me nuts about this? people in the industry, i covered technology for a long type, that it was a lie, that it interfered with the plane's controls and were not allowed to use phones for plane safety t and either get you to use phones in the back of the seat or use different messaging device,. now they're saying we can do it makes me feel like it was a lie all that time, that it interfered with your own safety.

>> i think the ideal was they didn't want to make -- they wanted to make sure. they were very cautious move forward. it was faa, agency responsible for air safety went through a process to make sure it didn't interfere. i think some people said that was the reason but i think it was about safety, making sure it didn't interfere. melissa: i don't know. it took them an awful lot of time to figure out about that safety and figure out how to make money off of it. congressman, thank you for coming on. this is interesting one to watch. thank you. >> thank you very much, melissa. melissa: up next meet the machine that wants to teach your children robots are already making your cars. they are cleaning your floors. now they're heading to the classroom. is this the future of education? look at this little guy coming around the "money" sign. i don't know, my kid would love him. don't miss our one-on-one with the little fellow there, coming out on the set. somebody give this man a latte. one of america's richest men had a major hit to the wallet today?

could you guess who is losing money? stick around and i'll tell you we'll be right back. and to keep our commitments.

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so i can reach ally bank 24/ but there ar24/7.branche i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new cuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service.

i'd like that. a new way to bank. a better way to save. ally ban your money needs an ally. ♪ melissa: robot we continues. today we have one right here that the shaking things up in the classroom. it is a new approach using an ever so friendly robot to help kids learn about emotions and more. with me now on the robot and head of the ask now initiative. his name is now. >> yes. melissa: tell me about him. what does he do. >> a lot of different things. he is working right now on education. so we have some research. education markets to teach to them, and there is some education. melissa: and special education is one of the focuses of this

particular robot. what does he do that would make it especially get for that? what kind of kids is to work with and how this work with them? >> the thing is that we figure out that children with autism love to interact with ipad, computer. and so they love to interact with no. the thing is he has this very nice to humanoids shape which kind of bridges the gap with them and.

>> can you play with me? melissa: wow. >> this is a game where you learn about -- itouch one of my. melissa: so just touch. the okay. you did a good job. melissa: thank you. >> this give you a reward. very simple tasks. following instructions. more complex.

for instance, emotion recognition. melissa: okay. >> can you show to melissa? >> did you guess the emotion? melissa: are you sad? crying? >> right on. one token said. melissa: shall we try another? >> yes. we can try an object naming. i think that you have some cards here. so show a picture. you just have to show him the right picture. okay. >> by love this game. show me a picture of a rabbit. >> a rabbit. just in front of them. >> good job.

melissa: so why is this better than interacting with the human? it is very cool. i love it. is it the same, better? >> it is different, i would say. they don't like unexpected situations. so very good for that. so a robot would never show. so you can teach them forever. i clean design so they can focus on the right thing. the most important, the human eye shape. melissa: you know, this show is called money. we have to talk about the cost. >> today between the 10,016,000. melissa: that is expensive. >> it is expensive. i was not born. when you think about the computer, the first computer,

thousands and thousands of bucks now you can see that the prices very low. melissa: when do you see this coming out and being available? when do you see a penetrating the classroom? >> i think that it is already in the classroom. we have not only schools that we are working with. and we get more customers every day. your question? >> yeah. i want -- can i talk to him some more? >> yes. for sure. melissa: by. thank you. did i get him? >> i hope to see you soon. melissa: what are some other things that he could be used for the size special-education? >> actually, right now he is in the research market. what we want to do is to be sure that we make a robots affordable for everyone.

the families. we worked very hard on it and we wanted to keep this personality, the style. he is kind of very emotional. melissa: he does that seem emotional to me. he seems very stable, but i love him. thank you for coming on. all right. coming up, some of our biggest financial dilemmas. invest in your kid's future or forget all about them, save for your own retirement? credit or debit? give your kids an allowance to pay them for george? one expert dishes out of his advice. stick around. we will be right back. melissa: in

♪ melissa: let's face it, decisions that involve "money" are never easy. there are so many ways to go wrong. credit card debt that.

they ask you every time. if you cannot afford the tuition, should you take out student loans or just skip college altogether? and as your kid really need an allowance, or is it better to pay them by the short? here to answer all those questions and more, author of the new book, work it, not worth it. i love it. of the book, by the way. that is started. credit or debit and. people feel so responsible. >> i will tell you credit trouble with a great big caveat. if you have a lot of loans to may in debt, ignore everything i am about to say, cut up your credit cards and used a bit. there is a little known thing about the cards. if you use it at a gas station, they don't actually charge you the precise amount you charge. they put on hold an estimated amount. say you just put a few gallons of gas in your car, then i put a : $75 because that is the average of that gas station. then they reconcile the books

since. melissa: do they ever undercharge? >> sure. it is just hold, not an actual charge. the problem is of the other side they hold more than you charged, close to the engineer technique out and, you could overdraft hotel every nightis on hold. charge, plus maybe they think you might use them anymore. you could be talking about a thousand dollars. melissa: in theory, even though it is tiny, you could be earning interest in the meantime mata and then having it. it is like any other bill at a disadvantage to pay nearly. >> these days interest rates are pretty much know. but every little bit counts. melissa: i love this. your kids a fixed allowance or pay them for doing chores? i feel like and allowances like welfare. unlike the principal. melissa: i see the point and will come around in a minute. here's the good reason. they have to learn about money. some people say it is their age

in dollars. melissa: that is stores. if they do a chore than earn money for they're learning. melissa: probably will buy your kids things, can become a treats him a comic books. don't. give them the money. forced them to make the decisions and to weigh the lego verses the candy. they will learn a valuable lessons. plus, when they leave your house no one will pay them to make their bed. some make certain household chores, this is what you do if you want to live in my house. then go above and beyond the date and for bigger stuff like painting the garage or weeding the garden. you will pay them less than you pay a pro when they learned, i work hard and get money. melissa: there is lesson, and you don't get paid for doing your chores. these other things that you do in order tell are living in my house. >> exactly. when they leave your house mom is not going to make the bed for them. that is why certain things should just be part of living, thinning of their dishes and putting them in the dishwasher.

melissa: that makes sense. this is a tough one. they spend money on their kids going to college before they save for their own retirement. i mean, it is an investment. you are heeping your kid learn more later. i mean to make them out of your house. >> absolutely. i have three children and it is still hard for me to say that. three children now. i have 529 plans for two of them but will have one for the third is in is a better social. melissa: really new. >> exactly. it is very important. but the flight attendant lesson, but your own oxygen mask on first before you put it on your children. that applies to savings. there is no one that would give you a loan for retirement, scholarships. you have got to make sure that you put money away. think about it from its perspective. you know, great if you pay for their college, but if you move in with the may 65 they're going to waste the you save more for retirement. melissa: the flip side is the you have more time in theory than you do before tickets got

to college. >> you do, but time is money. the money that you can put away in your 20's and 30's is going to accumulate, grow over time, compound in ways that as you get older you really have to shovel a lot away and you still won't get the benefits over time. melissa: talking about student loans now because now if you have told your kid you're saving for retirement and the chances are there will have to take a loan. if you get to the point where you are looking at going to school and you have huge loans, does it make more sense to get that on and go into debt or skip college and get working? >> this is a big debate. people are questioning whether colleges with it. and look at the unemployment rate. the unemployment rate for college graduates now is like 4 percent. all this talk about unemployment, and it is a severe problem, it is people who did not go to college. so some of those people who have a college degree, of course, working at starbucks, not working at jobs they thought they would get. melissa: so cute in debt and compounding over time.

you may have a job, but you may not actually be that much better off because your debt is more than what you're making. melissa: >> sell long-term you are better off. you don't want to be age 50. you have to do it, and i agree. what you need to look for scholarships, community colleges are cheaper. cut those corners. some people say go to college for two years, work hard, then get the degree at the more prestigious college degree no one will say, white collar or use of more year. melissa: don't you get more valuable courses at the price your school? >> you do, but you have to figure out where you will save money. cost-benefit analysis. melissa: you graduate and now you have this debt. go see the world market a job right away? >> i'd never little bit. most of the book is pretty analytical. do the math on why index funds be active management, but it's a little bit more of an emotional answer here. a further you get from graduation the more responsibilities to accumulate,

mortgage, family, hopefully rungs of the career ladder, but you are free at age 22 in a way that you won't begin until you are about age 70. and then you probably won't want to sleep in a youth hostel and czechoslovakia. i say taking advantage of this freedom, sail around the world, travel, whenever it is command and be prepared in a job interview is a this is what i learned, why am a better candid. melissa: i love your advice. your book is cute and easy to read. you need to e-mail me in 22 years and let me know if you feel the same way about the kids traveling when you're the one grows up. thank you for coming on. we appreciate it. breaking up can be hard. even harder when you have to pay tens of thousands of dollars to in next that you were never even married to. that is exactly what happened to one guy that broke off his engagement. is this the new norm and what else could it cost you? you can never have too much "money." ♪ my customers can shop around.

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♪ melissa: it is time for a little fun with "spare change." this is actually about a huge payday. a georgia appellate court justice ordered a man to pay is a stroke and $50,000 for breaking above there. she says they were engaged to be married. he says they had no plans to tie the knot. joining me, our attorney dominic romano and lee said gm and assault. heat will. let me tell you about this. she got a ring that the move in together. she quit her job, was raising the children.

then he broke up with there. he says there were never engaged . >> he said he gave the ring without ever intending to marry your. melissa: it's a promise from without a promise. >> apparently. he used this argument. it was not enforceable. there were cohabiting in exchange for sexual relations. it was really far-fetched. that is the problem. melissa: she called her a hooker. that's why he lost the case. >> he used a defense, it's between and john and a prostitute. paying for services. severally it was not so much a substantive argument. he really lost on legalese which is what happened. melissa: what are damages to make what is she saying was worth 50,000? >> well, she does have two children with the man you might

have something going on here where they want to make sure is taking care of. she also quit her job to stay home with the children. i'm not sure of georgia has a common-law marriage and she could make another climb based on that, but in this case he lost because he chose the wrong defense. you have to plead your defense. >> i think that's exactly right. there is a defense in the case. one of the judges pointed out that she is allegedly cheated and had affairs. apparently she also had an affair at the time of the proposal. this judge found that he meant it that he wanted to marry her. he changed his mind. melissa: i was the figure out? >> there were facts consisted of consistent with his intention to go on. melissa: that looks so happy at the time. of the is there on their way to the altar. if you propose you could be on the hood for some money down there are other cases that this brings to mind where you may be

liable and on realize it. >> eight states have coastal, a socialist for parents. you're underage kids are drinking in their house and even if there is no harm, you could be liable. melissa: no harm peabody have to have known about it? >> well, you have to know that it's possible, i think. create the possibility. >> not only -- the parents are responsible for the children, all acts, which most parents don't realize. if your children heard somebody on the playground, the parent could be sued. >> as a good point. there is litigation in new york. melissa: what is that? >> if you serve a drink we know is visibly intoxicated and they go out and kill someone with their car, you could be held liable. sixteen other states, if under a job gall is served in the home to a minor injuries it and then

gets into a car accident, the parents and irresponsible. melissa: if you interfere with someone's business you can be liable. how far does that go? >> that can mean a lot of different things. you can sue for everything. this is the point. it almost comes down to a forum shopping argument. depends on where you soon. in new jersey more difficult to collect the new york. if you you were going to sue somebody the defendant has to be more than 50% liable for you to collect money. in new york not so. >> if i have a television network and say you're a great host a lure you to my network knowingly or under contract, that could be torch's and affairs with contractual relations. i no you're under contract and tried to steal your weight. melissa: interesting. thank you so much for clearing all that up, i think. up next -- money to hire a lawyer. you has been making and losing money? something tells me this will mean an extra serving a whip

cream. he just lost a whole lot of cash. the answer when we come back. my mantra? family first.

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♪ melissa: whether it's on wall street or mean streak, who is who made or lost money today. not a great day for starbucks. the stock dropped the most in a year. and that is after investment analysts said that it would fall. not great for howard schultz, the ceo. that means that it lost $42.2 million today. can you believe that? i bet he can afford it. also losing out is alan grayson. he lost 18 million bucks in the scheme that loaned money to people in exchange for security.

and the man who ran the scheme has been sentenced to 12 years in prison. court papers say that the congressman was nothing more than a victim. making money today. do you want to be there for santa claus ? there are already more than 100 graduates of the santa claus school. you can get eight discount by bringing along mrs. santa claus. i think i might go. what a deal. i hope you make money today and be sure to watch tomorrow as we continue. and if you like watching us at midnight, be sure to dvr "money with melissa francis" at 5:00 a.m. "the willis report" is coming up next. we will see you tomorrow. ♪

♪ ♪ ♪ gerri: hello, everyone, i am gerri willis. tonight on "the willis report." the market and what should investors really fear? also, our special series this week of a users guide to taxes. important information on what to do now before the new tax year begins. and what not to buy. we are breaking down the list of children's toys to avoid. we are watching out for you tonight on "the willis report." ann the mako. ♪ ♪ ♪ gerri: we begin tonight with a rare