tv MONEY With Melissa Francis FOX Business January 23, 2014 5:00pm-6:01pm EST
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can adst your bed to sleep better together. 48-month financing available through february 2 only at your local sleep mber store. find your sleep number setting and know better sleep. melissa: could health care company bailouts become reality? huge downgrade of the industry means the risk is real. we have exclusive from the man from moody's behind it all. what does it mean for you and your wallet? even when they say it's not it is always about money. melissa: we are starting off with bad news for health insurers which could mean bat nudes for your money. moody's the credit rating agency, just downgraded outlooks for health insurers from stable to negative. all the problems they said with obama care are to blame. this could mean a huge hit to
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your wallet, not to mention the hit to the health care system overall. in a fox business exclusive the author of the report, senior vice president of moody's invest service. thanks for joining us on set. outline the risk for me. >> basically we've seen the challenges with the health care industry as numerous going into 2014. obviously the affordable care act had a number of issues with the rollout which prevent ad number of people enrolling. we saw basically a older, less poply -- healthy population enroll. we saw changes to the regulation as the rollout unfolded. basically these were changes that the insurance companies were not expecting which affected their financial and operation systems. melissa: in a negative way. you cite all the things the president said and came out and changed things afterwards. >> correct. melissa: changing regulatory environment and changes of rules later is negative risk for the insurance companies is basically going to cost them money, what
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you're saying? >> clearly. they made assumption how the business would be priced based on certain sum population in the risk pool. if the risk pool changes they can't go back to change their assumptions. melissa: you talk specifically about the fact that enrollment statistics show that only 24% that enrolled in the exchange are the critical 18 to 34 group. >> right. melissa: that the models had been predicated on 40% of people signing up would be the young healthy people to sign up and support everyone else. you think this is a serious risk to the financials of all these health insurance companies out there? >> yeah. you have to put it in perspective. clearly there's a problem for the individual segment they're selling business to but for most insurance companies this is smaller segment of their business. when we look at it there are definitely challenges for the companies and definitely will hurt their financials. for most companies there is smaller part of the business. melissa: downgrading their credit risk to negative is pretty serious. >> base ially what our outlooks stands for basically, what it
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means we assess the financial environment which these companies are operating for the next 12 to 18 months. we're saying there are challenges in the operational environment and regulatory environment and competitive environment. because of that we think that there could be more negative changes to the creditworthiness of these companies than positive. melissa: so the big question you go on there from everybody in the audience is worried about is twofold. number one, these companies have the right to go back to the government to try to recover losses based on, you know, unanticipated things like you're talking about. they can go back basically and get taxpayer money to make up some of these losses. do you think there will come to that? >> built into the affordable care act there are a number of risk provisions to help insurance companies to weather the storm of bad experience. there is a move afoot though, there is legislation being proposed by congress to change that. so that is one of the concerns we have. the law was written with these provisions and it could be changed. melissa: so you think they're not going to get taxpayer money
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and that is more of a risk to these companies? >> yeah if the rules change after the company has put out their pricing and made their assumptions. melissa: let es extend from there. if that happens, companies can not afford to lose this money and not be reimbursed they will have to in turn raise prices for people like myself? >> clearly. the affordable care act, the policies on the exchanges will be priced within that pool. if they don't get the young people, if the experience is poor, next year insurance companies will raise their prices. >> raise their prices for sure. in fact the ceo of aetna was on with liz claman earlier from davos. i want to play what he said and get your reaction on the other side. >> sure. >> if the volume of the health care exchanges, you're laughing. is it that bad? is the volume of health care sign-ups where you thought it might be? is it lower, higher? >> well i think it is lower than everybody thought in part because of a struggle to get started but it is really not about the website. it is about whether the programo
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encourage people to join. liz: is it? >> it's not. we don't have system that is built for consumers. people don't want to go to healthcare.gov to shop. people don't want to go online to look up health insurance. melissa: okay. so he is basically saying what you were saying and if you follow this progression he is saying, people are not signing up. that's what you found as well. i want to point out you're not political in this. >> right. melissa: you don't care about politics. you're out there telling investors what they should be listening to. >> right. melissa: he is not getting people he needs. you don't think they will get the backup money from the government. that means prices to all of us are going to go up, or are these companies at risk of defaulting on their debt? is that what your rating means? >> i don't think it gets to that point to default. we're obviously looking at a hit to financials during 2014. we think they will make less money. a lot of companies are very diverse and very strong. we're not really concerned about them defaulting. there are smaller companies though. we have to look at that. that are basically just selling
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affordable care act policies, which, more of a concerns for them as far as cash flow goes. melissa: i want to ask you before we run out of time. are you worried about retribution based on the report? we talked about s&p and how they feel that the government came after them, after they downgraded the country's debt and came after them with the fraud lawsuit and they felt like it was retribution. what you wrote here is very negative for the president, government and obamacare. are you worried about retribution? >> writing that report we give a fair assessment. we look at economic situation and basically give to investors and the investor community a fair assessment where we see the risks are. melissa: so you're not worried? >> no. melissa: thanks for coming on we appreciate it. >> thank you. melissa: thank you so much. so the big downgrade could cost you big-time, you heard it here. to break it all down, jason rotman, economist, peter mowermorici, and president of talk radio news service, tony sayegh, also a fox news contributor.
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jason, what do you think of what you just heard? >> well the first thing that came to mind, and this may not be a top priority issue but it may be as well, i mean mark bertolini with all due respect has some kind of strange idea that consumers don't want to go on line to shop? what year are we in? 1925? melissa: but they're not. he is saying he they are not. in the report young folks are not signing up. >> but not because they don't want to. melissa: doesn't really matter. they're they're not signing up. that's a huge problem. >> not because it is online or off-line. because it is implemented incorrectly. the website is horrible. there is 1000 person wait line. so the government kind of screwed up. they're hiring accenture on no-bid contract because there is huge issue here. people want to go online, what is i'm saying. >> they don't like the product. moody's, the product lays that out. it says. >> correct. melissa: relatively high premiums, high deductibles do
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not provide much incentive for those in the demographic, the key demographic to sign up. peter, do you see this whole problem unfolding the way moody's does? >> i do indeed. and there are problems in addition to these policies. also the fact they're losing revenue or getting bryceing situations that are not advantageous anymore with medicare advantage accounts because the obama care health act works against them there. there are other problems. delay in selling commercial policies to business for a year because of delay in the mandate. i think what he was trying to say, people don't like using this website, which is very common for website. the amtrak website is not a lot of fun to use compared to an airline website. that is the way the government does business. this is what happens when the government tries to create a market. it is like man trying to create a mitre. only god can create a mitre and only the market can create a market so to speak. melissa: i'm really concerned f you have this program that came out that was supposed to provide health care and instead it is
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who have developing and crippling health care companies -- hoveling, which is what the report said. if credit rating is negative, they will not make money they think, the government will not come in to bail them out, this is a huge problem. tony what do you think? >> obamacare's premise was ultimately overtime to dismantle the individual private insurance market. melissa: but not insurance companies. you don't want to cripple and run them out of business at the same time. >> the part of it, though, melissa, that the companies will care about profit will leave the exchanges. that is what the ceo of aetna was alluding to. they will have to double their rates if they want to participate. melissa: you're right. >> or say we're not available on obamacare. what they want to do is force those guys out and get everyone else who wants to participate and get consumers from the exchanges to play by their rules, which we know keep changing and are unfair and do not allow a free market company to really sustain itself. so what do you then get from obama care?
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single-payer insurance companies system. that is the problem. melissa: do you agree with that? what does it mean for all insurance companies out there right now? they're being run over by a truck. now, i mean, according to this report, they're in real jeopardy. >> i think they are. i think ultimately since this show is about the consumer, i mean unfortunately as it is to say for the short term, i think not a good story for the consumer. i would not be shocked at all to see rates go up by multiple percentage over the next several years. really no one, including from the top down obama down, knows how to resolve this situation. so i think taxes may go up. you know, the medical device -- >> they're going up. >> that's another issue that has not been discussed yet today. there is another issue. medical device tax. melissa: peter go, ahead. >> if it becomes impossible for the private health insurance companies to do business in the government system, it already has two single-payer systems in place for two cohorts, medicare and medicaid. it wouldn't be that hard for the government to extend that to people in between those two zones. and essentially give us a
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single-payer system which is, that would be a nightmare but i mean that is what is unfolding. that is what is unfolding. melissa: last word, do you think this was the plan all along basically. >> it may have been. i don't want to be so cynical. i think it may have been but the most important thing that came out of this moody's report is the economic model which obamacare is supposed to work is not working because young healthy people have no incentive to sign up. >> no, you're absolutely right. i want to end on this point. that is what this proves. they don't care about politics. they're warning investors with their math the way this was supposed to be paid for and supported is not happening and they don't believe it will happen. gentlemen, thanks for coming on the show. >> thank you. melissa: a surge in shark attacks could mean trouble for the beach industry. one diver is diving in advocating for the ocean predator? stay student in "spare change". her story. are you planning a warm weather
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vacation? watch this. google promises never to track or monitor your movements online. sounds great but in an invisible, is an invisible internet the way forward or could it hurt us? we're talking to the founder of duck duck go. hear how researchers in princeton are comparing facebook to the bubonic plague. it almost wiped out all of europe. it is being used to forecast the website's demise. more "money" coming up. [ male announcer ] e new new yoris open.
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melissa: call it the edward snowden effect. since the former nsa contractor revealed top secret information on internet spying there has been increasing demand for online privacy. we are digging deep on that, starting with a search inbegin that doesn't record your every move. i don't know if i believe that. duck duck go.com claims to be anti-google. lets you search without leaving a trace of personal data. here is the founder, gabriel weinberg. you heard me. i'm skeptical already. i feel like you go on internet there is trace of it everywhere and you are never safe.
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convince me. >> it is pretty simple. whenever you go on internet you're exactly right the computer send information across the wire uniquely traces back to you. but what we do is very simple. we take the information and throw it away and never store it on any server. melissa: how do you know you're throwing it away? >> to some degree you have to trust us. it's a legal document in the u.s. our privacy policy we're bound to it. our whole reputation is staked on it and i could go to jail. melissa: google might say the same thing. the government demands things from them. they say it is related to terror. we to know. we lit. >> we literally don't store it. if someone gets ahold of our servers there is nothing to tie it back to you, because you're anonymous. there is no personal data that we record. melissa: that is amazing. your traffic meant from 54 million requests, the month before edward snowden revealed nsa surveillance practice.
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it went up to 105 million afterwards. are you seeing huge demand because people are now people now want to cover their tracks? >> you're absolutely right. we did over a billion searches last year which is more than double year before. we're using similar growth. people said in the opening they're seeking out private alternatives. they're realizing that we exist and they can switch from other search engines to us and get great privacy and great results. that is also part of it, if you're not getting compelling alternative experience you will not stick on us. melissa: is there anyone else doing something like this right now? >> you know, in other areas, so we're in web search. we're offering you a no track all tentative there. in text-messaging there is a company called open whisper systems that make as product called tech secure does a similar thing for text messaging. >> have you receive any push back from anyone whether from the government?
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i mean have you had any sort of a backlash? there are some people who think there is a value to the fact that there is a footprint based on what people are doing on internet? i can see people very worried about terrorism, not liking what you're doing. >> not really. we think there's a place for people not wanting to be tracked. it is a lot more than just surveilance. you probably noticed adads, probably noticed ads follow you around internet? melissa: yeah. >> that is direct result of tracking. that is prevalent everywhere you go, you search for one thing and ads flying around internet. that annoys them. what they may not realize when you go to retail site on web you're being charged different prices and other people now based on that profile. this bothers people. so that, there's a lot of good reasons why you don't want to be tracking. surveillance is one of them. melissa: no that is absolutely true. when you search for something
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number of time, whether air fare or hotel, sometimes it goes up because they know you really want it. that is another value. very interesting. i hope you keep us posted how you do. thanks for coming on. >> thank you. melissa: up next, the erasable internet. imagine if you could delete your content at the click of a button? all the stuff you put out there and later you're like, that wasn't so smart. backpedal, let your content expire without leaving anything behind. see how we're helpful. doesn't that defeat the purpose of internet? listen what the cofounders have to say. 3-d printing your house. we're going to blow your mind and show you how it's done. don't move. do you ever have too much money? ♪ [ male announcer ] wt kind of energy is so abundant, it can help providthe power for all th natural gas.
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melissa: here is something you probably didn't know. bad news nor shop a roll hicks in argentina. they are restricting shopping to stablize the local currency. i hate this already. locals can only make two internet purchase as year from foreign retailers. anyone wanting more than that has to register as an importer. not only that all deliveries from international sites must be collected from customs offices after a variety of forms are submitted. we'll see whether this works to stem massive capital outflows draining its foreign currency reserves. i wouldn't make it. i would leave the country. we take a look at protecting your internet footprint now. sometimes stuff you post yourself ends up causing so much trouble, right? we have a chance at a social media mulligan. the new app, backpedal is creating an erasable internet
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allows to you set expiration dates and erase content that is already shared. unfortunate picture from new year's eve will not live in online infamy forever. join us are the cocreators. really, you can pull back stuff nobody wants out there? >> really. melissa: how does it work exactly? do you have to originally publish through you or can i pull back stuff anywhere. >> you need to publish it through the app in order for it to work through the social media channels, yes. melissa: it really doesn't exist anywhere? every time they say you have deleted something and then it exists somewhere it really goes away. you promise me we have it goes away? >> we have a patent pended process that allows you to remove the picture and can't be found anywhere. melissa: anything else? >> pictures, audio files. messaging. we have best of snapchat, we have best of instagram.
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if those two got together and gave birth to backpedal. what is better about backpedal that those two platforms do not have, give you the ability to post and to delete wherever that media travels throughout social. melissa: so if i post something through you to instagram i can get it back and get it back, and if it goes on facebook and it is not on facebook forever and ever. >> if you post it on facebook and i'm your friend on facebook and i share with all my friend i can get it back. that is the beauty of our app. melissa: i understand you guides have kids and may have had to something to do with this? >> personal experience create light bulb moments. yes, a personal experience put us in the position where we felt we need ad need to -- melissa: be able to do this, protect kids from themselves. >> protect kids from constantly saying to them, watch what you post. you can't get it back. >> it is not just our kids. see it everywhere. everyone is doing this, posting
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things online they don't understand the ramification of what happens if i want to get that back and i can't. melissa: there are people out there saying the whole purpose of the internet is this footprint forever. it's a record. it's a community. you shouldn't be able to pull things off and defeats purpose of internet. what do you say to that? >> for our children and for other children, we're coming at this from a point of view from parents, people are doing stuff they just don't understand anymore. given, all due respect for everyone else doing this, we wish we have the community the size of instagram and snapchat. we want to give people comfort to control the uh-oh moment when they realize they shouldn't have post ad picture. melissa: the uh-oh moment. your app is launching today free, in the itunes store. >> and google play. it is available now. melissa: how do you make money off it? >> given the patent pended process we have revenue model that involves in app purchases and gaming and licensing technology to our brands that
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can utilize one-to-one with the consumer. more importantly we have an ad revenue model that allows to us sell advertising with doing no data trolling whatsoever. melissa: i was going to say, what you're talking about, ad serving sound exactly what the guy in the segment before you, duck duck go was saying people don't want and you follow me around. >> we'll not do hat. melissa: how will you make ad revenue? you're pitching ads at people and you have no idea if they want them. >> we build the community and get them on board using the app and we can tell you what the kind of idea to go out and sell ads is all about. right now premature to talk about that. melissa: very interesting, backpedal. thank you, guys. 3-d printers are making everything from prosthetics to food. now they're going big by creating whole structures. tough see how this is done. tweet me. would you like to live in a printed out home? who is making money today. this stock has been taking
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melissa: 3-d printers are taking over everything from making toys to guns. this breakthrough is going to blow your mind. this is a technology that can build a 2500 square foot home in one day. you know that it's the future of construction, making it cheaper to build homes across the board. with me now is the man that invented this massive robot. from the university of southern california it is easy and thank you for joining us. first of all, it is easy to imagine making bricks or part of the house through 3-d printing.
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the printing the whole house in one day, how is that possible? >> actually building construction is the very first 3-d printing that has been done. and it is a process of automating this fabrication. and it's possible to break down the 3-d problem into a bunch of little or problems. to create this profile on top of each other. so it is based upon this process this practice has been done in construction, as i have said and
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it is a fabrication process. and so the approach is already proven over and over using a larger wave of different materials and there are different complements of robotic technology to simply automate the process. melissa: definitely. we were just looking at the automation next you and i want to get us into what we were looking at. because the machine -- if we could put it up again -- it would have to be awfully large to be out there printing. is this a realistic thing that you could see happening and being commercial use anytime soon? >> this machine is not going to be very heavy. i and the current machine that
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we have is 20 feet wide and it can go as long as the rails are and about 8 feet high. the whole thing is about 500-comes. melissa: is already in use? melissa: i understand you have some of the pieces. we are running out of time and i would like to see some of them and maybe while you are showing them to us -- are you concerned about the number of jobs this would eliminate? and i see millions of construction jobs and there is
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plenty of time for the workforce to adjust. >> there would be a lot of more opportunities it would be created by this technology. and for the first time really and you still live to have people do it. but then you have an accident and all of that is done by humans. melissa: professor, thank you for coming on. we're out of time, but we love what you brought us. we really appreciate your time and good luck to you. >> okay, thank you. melissa: up next, facebook becoming a ghost town. looking into the social media crystal ball and they say 80% of users will abandon the website
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within three years. it can be. or can i? we have believers on both sides. stay with us and at the end of the day it is all about "money." >> ♪ ♪ [ male announcer ] e new new yk is open. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. f there's something that crtes more jobs, and ows more businesses...
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we're open to it. start a tax-free business at startup-ny.com. we're open to it. my dadas atror afib.illation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks le maybe we should ask your doctor about pradaxa. in a clinical tria pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if y're 75 or older,
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eartburn relief that neutralizes acid on contact and goes to work in seconds. ♪ tum, tum tum tum tums! ♪ ♪ melissa: facebook state. is that the bovine plague of our time? a recent university compared to the deadly infectious disease. the reason being that facebook will lose up to 80% of its users. by 2017. that is a drastic outlook. are you a believer? to social media experts and the president of ruby media group is with us. i'm going to start with you. they say it will be largely abandoned by 2017. do you think that that is true? >> these are exaggerated claims. i would love to have a replay of the segment and 2017 so we can
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compare. it's a very narrow study and focus and they're comparing it to my space, which is not a fair comparison. saul states here to stay. melissa: they went in and use an algorithm. the talked about when people searched facebook and logon. they went out and did math. what do you think? >> i think that there's a lot of validity to the study, especially with the younger demographics. from 2011 until 2012, for example, they lost 11 million users from the younger demographic. so i think that it will be a ghost town if they don't innovate a little bit more and makes more developments and in terms of their interface and getting users back in on the complaint that we've heard and we had young people want to talk about this, it's a very heavy application in there so much to it that it becomes too cumbersome. when they want to check quickly with their friends and they want
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to get on and share pictures, they are using a bunch of different things and then basically the fact that your grandmother is on face -- facebook, it's a turnoff. >> compare that to 1.2 billion. i think the term ghost town is highly exaggerated and yes, kids do want something more innovative thve snapshots and other applications. this is not a singular trade-off but a matter of teaching socialist they will be where more people are as they get older. and they will get older and the numbers are very high. researchers are saying that it's based on some fact, they are comparing it to my space. in its heyday it had 75 million users. and you compared to facebook which is 1.2 billion. it's not fair at all. not a fair comparison the one
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technology is about what is popular today is almost never popular tomorrow. can facebook turn it around and innovate to keep people there? >> i think that they can. i think what's really interesting is that the fasted -- fastest-growing 25,000. melissa: that's the death knell for younger people as well. and everybody's grandmother is on facebook. all of their new users are geriatric. >> i think what we really see here is that the younger crowd does not want to be where their parents are. something else that's interesting is if you look at instagram, they have grown. they're the fastest-growing social media network right now. if you look at why they are popular, one of the reasons is because people don't instagram to share what they like about their life. a lot of people use facebook to sure what they don't like. melissa: what advice would you give facebook right now?
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>> i would say keep innovating and keep what you're doing. and who owns instagram now? facebook. melissa: thank you guys. so you could sit down and watch the super bowl. but why not buy a piece of that? selling off big-game memorabilia with big crisis. president of hunt auctions, welcome to the show. thank you for bringing this up to the show. what you have? >> it's exciting because we have the best of the modern players right off the field and so once again we have that here in new york this year's bee once you have stuff in the players playing in the super bowl. peyton manning 2013 jersey, so why would you do this before the super bowl rather than afterwards? >> we make it fun. melissa: proportionally -- people are concerned and you're willing to pay anything.
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>> it is speculative, coming right from the nfl in any of the nfl auction pieces, the net proceeds go to charities. melissa: tummy that these two jerseys. >> this is pete manning's jersey from the denver broncos and also marshawn lynch's jersey. so peyton manning's jersey should bring about 10 to 15,000 and marshawn's about 4000. a. melissa: do you think that's. >> yes, i do. only sold these jerseys before we brought in a lot of money. that's the fun part of auctions because we don't know where we're going to end up. and this is the super bowl ball from masters kickoff at the super bowl. souter getting things right from
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the kickoff and this was about two to 4000. in a couple of the super bowl rings, this ring here is from the 1960s championship ring when the colts beat the giants and termed as the greatest game ever played. and this would be about 20 to 40,000. melissa: whisenhunt with the family of the player? >> sometimes these things passed and people value things differently. i find that players value sentimental pieces like photographs more than a ring or something because they have lived it. it is just part of their life. melissa: sometimes you just want the money. >> yes, and that is true. this is a ticket from the first super bowl and it was $12. so pretty good buy. but it is fun to see and to compare the different eras. one thing that's important is that these are some of the more
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expensive pieces. melissa: what you think about the economy and how will it affect what goes on with his auction? if you like people are pretty nervous? >> it's been very interesting. we have been asked this a lot and it has been studied. 2008 and 2009 have been the bottom of it. it was plateaued it didn't go up out much. but these sort of pieces evoke an emotion and i.t. people back to a moment or maybe they took their son to a game this year with her grandfather took him to a game on this ticket was issued. and it's an emotional purchase versus an investment purchase. melissa: is it okay that we try on the jersey? [applause] >> as long as you don't have nowhere to it. melissa: up next, the stuff of nightmares. rogue shark attacks are on the rise on some parts of the u.s.
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beware. still worth the risk is by the money? you can't have too much money barreli down i-95. ♪ this magic moment it is the story of where every great idea begin and of those who believed they had thpower to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪ ♪ [ male announcer ] a car that is able to see, to calculate, think -- ancan respond to what it encounters. ♪ even if that means completely stopping itself.
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>> how is it going? >> oh, my goodness. hello. [laughter] melissa: she blew his cover. we have to share this clip, it has everyone buzzing today. and we like to review the videos that everyone is talking about. governors disguised as largely undetected and the stunt is to help raise awareness and money for afterschool programs. no word if he will be back.
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i didn't see the ponytail before it dikes. it is time for a little bit of spare change. the number of shark attacks in hawaii is surging for the second straight year. he hit another record. take a bite out of excitement for beach vacation. joining me now is a shark attack survivor. debbie, welcome to the show. >> thank you. melissa: i was reading your story and you say the instant that the shark's jaws clenched around her ankle your life changed. did you know it was a sharp? >> yes, it was a bit of a shock because a big fish had jumped out of the water right before this happened and then a shark was on the back of my foot. the fish was smart enough to get out of the way and he took my foot for the fish and the
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clampdown and eventually we had a struggle. i got my foot back but i had a severed achilles tendon. i was off the east coast of florida and only about waist deep water 50 feet offshore. melissa: you said you got the back of? >> i was kicking wildly to get it off. but i think it just realized that it had made a mistake until i go at some point. melissa: it seems like if it was looking for a fish about be an acceptable meal substitute. >> most shark attacks are a case of mistaken identity. and so it let go. like i said, that is the case of most shark attacks and they are extremely rare. only about 80 people worldwide each year are attacked by a shark in this manner. your odds of being attacked -- or more likely to be be struck
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by lightning or killed in a car accident on your way to the beach and to be attacked by a shark. the one we know that the odds are there. the fact of the matter is that the number of attacks around the world and in hawaii, in particular, they have hit new records in the past two years and folks in the tourism industry are worried about people being concerned about this and hurting the tourism industry. this is a show about money and that's why we are talking about this. what would you say to folks are worried about this? florida is another place where people have gotten very concerned about this. what would you say to folks who are worried about those and they are sitting in the middle of winter taking a warm weather vacation? >> life is about risks. you take a risk no matter what you do and when you go to the car and get in and go to the grocery store. but the bottom line is that the author very small that you will
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be attacked. tourism is actually a growing industry and it's going to double in the next 20 years according to a recent study. because countries have realized that if they set up -- countries are setting up sharps injuries so that people can go and see these sharks. there was a study and a sharp over its lifetime, $1.9 million is the tourism value, worth only $108 of its dead on the dock. so ttey are not only bringing economic value but anything about the environmental value because we rely on the ocean for so many things as top predators to keep the food chain down the. melissa: we are so glad that you're here to talk to us. he talked about the shark adventures and we went shark diving last time we were here. we survived and so did you. thank you for coming on the show.
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but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptom i
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melissa: whether it is on wall street and main street, here is who made money today. all those with netflix. it added more than 4 million subscribers last quarter and expected an almost 4 million by the end of march. that made investors a lot more optimistic. and ceo reed hastings owns about a million shares. nice job on the money, way to go. and london mining company petra diamonds was just on earth.
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a huge blue diamond and their south african mines. potentially worth tens of billions of dollars. the 30-carat stone is way bigger than the one they found and sold by server $17 million. the company says this diamond is even more exceptional and that has the potential to create a piece of jewelry of incredible importance. and luxury automaker porsche is selling this 918 spider. it can go from zero to 60 in 2.5 seconds. completing it in a record seven minutes. planning to make less than a thousand of the cars this year, porsche plans to pay an extra $20,000. that's all we have you today. tune in tomorrow. we have the founders of a company hoping that they have what every expectant parent wants. a 3-d printout of their baby in
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utero. i'm totally serious about this great we are going to get to see more tomorrow. brace yourselves, that is it "the willis report" is coming up next. gerri: hello, everyone, i am gerri willis. tonight on "the willis report." gerri: consumer data fast widens. over a million cards may have been stolen at neiman marcus and iconic consumer brands. these companies might not be around for much longer could leave the experts. and we have the latest research on omega-3. we are watching out for you tonight on "the willis report." ♪ ♪ ♪
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