to see if we work out way out of this one. liz: fox business will take you every step of the way. be sure to tune in early. money with france france is next. david: see you tomorrow. melissa: brand new developments in both the wage wars and health care hell. senator dick durbin jumping into the wage rate fray. any enrollment mistakes on healthcare.gov can not be fixed. it is great start for the week. former massachusetts senator scott brown is here. even when they say it is not, it is always about money melissa: wall street investors fleeing today. huge market selloff. the dow is down 326 points. we've got one of our money market wizards on in just a moment to tell you both why and

what you should watch out for. but first,. >> it is time for america and the state of illinois to have a serious conversation about raising the minimum wage. melissa: that was senator dick durbin joining president obama calling to raise the federal minimum wage to $10.10 an hour, up from.25 an hour. as the wage war raises on, let's bring in former massachusetts senator scott brown, also a fox news contributor. they claim it will create 140,000 jobs as money circulates through the economy. what do you think? >> i love how they throw around numbers, oh, we'll create this jobe and that job. not surprising dick durbin will be there cheerleader for the president as number two democrat in the senate. he will do whatever the president tells him what to do. has you checked with chamber of commerces and businesses how they will absorb that cost? so i'm a little suspect. i think everybody should get a fair and living wage.

however you have to do it in a thoughtful, methodical manner to make sure businesses can afford to hire and continue to grow and expand. and that is part of the problem with the government right now. they're in your pockets, in your face, in your health care. just out of control. melissa: yeah. speaking of health care, "the washington post" reporting that 22,000 americans have filed appeals saying that their data was wrong in trying to get mistakes corrected. those just seem to be going into a vortex, into a black hole. as somebody that was in a state that had health care, does this make sense to you? is this part of the growing process? is this outrageous? >> yeah, i don't remember ever having anything like that here in massachusetts. and i can tell you that i voted to obviously stop obamacare. didn't quite work. certainly got somewhere because a lot of what you're seeing happening right now is the result of the fact that the house and senate were not able to merge, two kind of onerous bills they had proposed. bottom line, they spent $700 million on the website.

another 3 or 400 million to supposedly fix it. now you have all the people doing the right thing. they're caught, as you said in this vortex where no one's helping them out. very, very frustrating. and it is typical. heads need to role. roll. the president said it is on him. mr. president you need to fix i3 right away. people are hurting and tired of being run around like they're irrelevant. melissa: if you were in his shoes, after the heads rolled what would you do to fix isn't. >> i would absolutely. david: first take it away from the canadian company that screwed it up and give it to companies here here in massachusetts or in the silicon valley that actually know what they're doing, number one. number two, would i actually step back, take the things that actually work, and try to implement them to make them work. but let's start with this. i don't agree with it at all. states should be handled like states did it in massachusetts. if other states can done, states do it way better than the federal government and seeing

they do it each and every day. melissa: speaking of states, we're looking at bunch of states with surpluses. a lot had to do with it last year. stock market did it creating extra revenue. their approach really says a lot about approach to everything in government. nebraska, wisconsin, new york, those governors look for more tax cuts. missouri, colorado, kansas, among others pushing for more educational spending what do you think is the right thing to do? >> you need to find a balance. i think ordinary citizens would like a tax break. they would like money back in the pocketbooks and wallets to reinvest it and spend it on their families. there should be money set aside for rainy day funds, in the event things go on downturn again. to think you will go and not give something back to the hard-working people that put that money in the government's coffers is just wrong. what they need to do is top to bottom review of every federal program. eliminate fraud, waste and abuse. bring efficiencies to the programs that work and get rid of ones that don't. couple that with the actual

increase they have in their tax revenues. and find ways to do it better, more efficiently and while giving money back to the taxpayers, plus saving a little bit for rainy day in things go on downturn again. melissa: i don't want to let you go without asking you about aig about selloff for the day. markets are a lot of concern. worrisome trend builds on what happened in january as well. with very a new fed chair in place that is looking at tapering, with not enough jobs out there obviously. the economy isn't growing enough. what would you do differently right now, to get the economy on better footing. >> i get the government out of the way. there is a role for government. government needs to get out of the way let businesses and individuals hire and grow and expand. they're scared. everybody is nervous. looking at 17 plus trillion dollar national debt. looking at health care bill crushing individuals and businesses making them full-time, down to part-time, people giving up nd they're

discouraged. the whole devisive nature of the obama administration, us versus them, have versus have not, income inequality. how about meaning americans first. working together to find solutions. putting our country's interests first. that is what is very disturbing as i travel around the country, talking to people just so nervous and so, discouraged that they're kind of hanging on to things they have and hungering down a little bit. melissa: senator scott brown, thank you for your time. >> thank you. melissa: the street selling like crazy today. the dow down more than 300 points for the second time this year. here to break it down, jonas manages ferries from max fund. he is -- jonas max ferris, a fox business contributor. what due think about the selloff? it is getting serious. >> federal government getting out of the way is part of the problem. melissa: you're saying them getting in the way the is first place. getting in too deep with no clear exit. i hear what you're saying.

emerging markets are thinking because they're reacting what is going on. >> that is the official reason. the real reason, emerging markets are falling apart. 10 of hundreds of billions of dollars gone into these markets last 10 years because wall street sold decoupling. america was in decline. these stocks will do better and their economies will grow and our currency will collapse. the exact decoupling happened over last two years. our stock market was hot, up 32% last year. their markets are going this way and looking at a chart. people are reassessing this, changes from pimco all the way on down where they're getting out of emerging markets, fund investors pulling 10 billion a week, five billion a week over and over. that will lead the markets to collapse far to continue. doesn't mean we have to collapse. i don't want to sort of panic n '97 we panicked. american stock market and economy doesn't have to go down with emerging markets. if we go down they have to go down that is the way it works. melissa: what do you think stems the tide?

thinking back to all the investment advisors, make sure you're in emerging markets. that is where money to be made. is that turning around now. >> yes. melissa: how do we not go down with that ship. >> we don't. we didn't go down with it in '97. those economies were probably riding on all this capital over the last five to 10 years. that is where the growth was. they had so much money to build and that boosted the economy. now that it is leaving there won't be double-digit or high single growth rates in many emerging markets. money will leave. they're already cheap. they will really cheap. and then a good idea again like they were in late '90s when our stock market was hot. melissa: how does the fed respond to this. >> that is a real question? do they slow down tapering? >> i don't think -- melissa: david asman last hour with richard fisher he was saying no, i believe. >> only way they start to get loose again, whatever happens abroad spirals and causes economy to go down and -- melissa: even slower? the economy is not doing great. >> look, our market might go down another 10%.

it went up 32% last year that will not cause the federal reserve to panic. first of all rates are going down on their own with people piling into treasurys. don't have to do stimulative behavior. mortgages will dive next couple weeks because of what happened in the market. there will be stimulus going on because of rates going down. i wouldn't think the federal reserve would counter policy or even slow it down unless we, our economies spiraled downward with china and india and all these other countries. >> jonas max ferris, thank you very much. thousand those of people piled into new jersey's metlife stadium for the big game yesterday. that doesn't mean it was a boon to local business. one new jersey mayor says the nfl exploited his town and now he wants his money back! i will speak with him later in the show. it will be a feisty "spare change", let me tell you. he is not happy. coming up bitcoin edges even closer to legitimacy. countless businesses now adopting the virtual currency despite its sometimes shady reputation.

new york's top financial watchdog wants it regulated. he is here to lay it out. don't miss what he has to say. that's next. your data being compromised, on all possible sides. new reports show the government is collecting so much information on your credit cards and mortgages that it could fill 50 large libraries. best of all, they can't even guaranty its safety. you need to know this. don't move. more "money" coming up. welcome back. how is everything?

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it's guidance on your terms not ours. e*trade. less for us, more for you. melissa: is bitcoin ready to step out of the shadows and into regulation? the answer appears to be a resounding yes. changes could come sooner than you think, following two days of hearings, new york's superintendent of financial services ben lofsky says he wants to provide regulatory framework for bitcoin currencies in the next year. what will a framework look like? what is the biggest challenge. >> that remains to be seen. the biggest challenge is balancing regulation that doesn't stifle these companies

but at the same time takes serious you could have real money landerring going on using virtual currencies. you need stronger regulation that prevents things we don't want? melissa: right. >> doesn't do things with inunturnedded consequences with things in the virtual currency world. melissa: bitcoin ceo was arrested on this and he was on this show earlier. this is problem for bitcoin or isolated incident. >> good question. i think it is sign of a problem that used to exist with bitcoin. there is question that whether it still exists in serious form. >> the problem being what? the specifically it was used on this forum, in order to hide illegal activity? seems like in a lot of way is what bitcoin was designed for, to keep buyers and sellers anonymous that lends itself to illegal activity. >> it started off as something

not too many people were using. people who wanted to engage in illicit activities found useful. but you're seeing it evolve now. there is lot, the technology behind bitcoin as we studied it in these hearings last week holds potential to bring costs down for transactions significantly. to allow for a lot of innovation to be built on top of the bitcoin framework. so it hold as real future in terms of a payment system that can work a lot better. it is just, we have to move away. we're continuing to devolve away from having it as a place where you have a lot of money laundering going on. melissa: as somebody looking at it from regulatory perspective, do you buy the idea that only certain amount can be mined based on algorithm and we don't know the first guy that invented it? this is the myth and lure around it. is that real. >> there is real birthing story to bitcoin, when you step away from that story and look at technology, it is this very interesting way to make payments internationally if you want on

peer-to-peer basis without giving up personal information with a lot less of frictions we have now in our system. so a lot of great potential. melissa: can you still say it's a birthing story if more money is being created down the line? is it more dynamic and part of the story? you can't set it aside. >> you can't set it aside, as virtual bitcoins and virtual currency evolve whether we set that aside, focus on technology. maybe a year from now bitcoin is not how we know it today. maybe a new variant, and maybe new technologies get built on top of it. i think all of that will happen as virtual currencies continue to become more mainstream. but the birthing story is weird, no doubt about it. melissa: but you think idea of virtual currency not going away? >> look, i don't have a critical ball. but my gut is it is probably some form of it is here to stay. melissa: yeah. >> i think none of us know what that will look like in a year, let alone five years from now. melissa: as you sit around with hearings on this and talking about trying to put together a

framework, what surprised you? >> i think a lot of it was, i had a lot of trouble with the concept this was programmable currency. i didn't understand what that meant. melissa: what does it mean? >> at hearing we talked a lot about it. what it basically means, over time especially as it develops you will be able to say, not just a payment form, you will for example, encode your payment in a way where i could say to you, i'm sending you $10 worth of bitcoin to be spent in a certain way. and you would have to spend it that way. and that is a very interesting concept especially if parents want to give money to their kids through allowance. melissa: right. >> if you want to make international donation overseas and you don't want that money to be spent on certain things, you want it to be spent on other things. there's a lot of pooential there. >> do you think, is it hard to get others to follow in your path of, we need to sort of embrace this creative framework and create some sort after regulation? are there some, either enforcement and regulation that is better than sort of distance

yourself from it, maybe it will go away. >> the more we talk to other regulators and -- melissa: take it seriously. >> they take it serious. know regulation is coming. it is inevitable. what form it is going to be. ultimately we'll have to, just we're a state. we're new york state. we're important. it is a financial center. we need to coordinate with federal partners and with international regulators as well. melissa: will you come back? a lot of folks in the audience are interested in bitcoin. that was a lot of information. thank you so much. we appreciate it. >> absolutely. anytime. melissa: coming up, you're driving changed forever. i need this regulators are paving the way for complete car-to-carthey're saying most as could be prevented this way. what would it actually mean for drivers? it is a big story today. we've pot the man leading the biggest groups involved. at end of the day it is all about money an my driving unfortunately. so i can reach ally bank 24/7, t there are no brahes? 24/7.

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melissa: buckle your seatbelt. the department of transportation wants to help stop you from getting into any kind of a fender-bender. today is came out with a big announcement. it could be a game changer for the whole auto industry. the idea to require technology inside your car that allows for car-to-car communication, meaning that your vehicle could essentially talk to the other cars and would be smart enough to know if it is too close to another car on the road. are you ready to pay for that? scott belcher, president and ceo of the intelligent transportation society of america. thanks so much for joining us. this would prevent 80% of accidents? >> yeah. based on the research that u.s. d.o.t. has done, they think deployment of this technology can prevent more than 80% of

non-impaired cash scenarios. so that is a little bit of washington speak. prevent most of the crashes. >> that are not, non-impaired. doesn't help with drunk driving basically. >> help as little bit but yeah, exactly. melissa: if cars are responding to each other, do they have to, just a matter of them talking to each other? what is going on? or is your car reacting and braking? so, the cars are communicating with each other. they're actually communicating 10 times a second. they're sending each other, their speed, their velocity, the direction that they're going. the way that you get, the way that you're going to get information is going to be dependent upon the automobile manufacturers. so some will give you visual cues. so you might see it on your, on your front windshield or in your, or on the screen in your car. others will give it to you, hapicly, which means you're driving, your steering wheel might vibrate or seat might vibrate. melissa: yeah. >> others will actually

intervene and stop the car. so -- melissa: what is the difference between this and there are a lot of cars that have sensors on them, so when you get too close you get a warning light in your rear view mirror, right-hand side, or beeps if you're in reverse what is the difference between that kind of sensor and what you're talking about here? >> that's a great question. the automobile manufacturers made cars safe the major difference here, this isn't, isn't reliant upon visual cues. it is not reliant on radar or radar. it is actually rerye ant on wi-fi communications -- lidar. it is looking around corners, or see cars stopped a couple cars ahead. if there is crash, multiple cars ahead you will get, get that warning whereas if you were based on a camera or radar you are wouldn't get that.

melissa: anybody watching the super bowl last night saw there was a commercial for the hyundai genesis for a kid looked the other way and looking at a girl. came up to something he would hit in a car broke for him s that extension of this system where we would see cars where automakers would choose to make the car actually respond by brakkng for that sort of thing. >> some auto manufacturers will take that route. that is where they will compete and how they, how they interface with their customers. melissa: we understand it would cost 1 to $200 per car, which is in the grand scheme of what you're paying for a car is not that much. do you anticipate any privacy concerns? anytime you have a system with wi-fi people worry about hacking of some type. is there any concern about security? >> both of those questions are good one. with respect to privacy, at least as it is currently envisioned, there isn't really a privacy concern because the data

that is being transmitted is not going to be associated with a particular car. so it won't say that it is your car. it will say there's a car, you know, coming that direction at that speed and we won't be collecting and keeping the data. with respect to security, that's a really important question and one of the real challenges. and the automobile manufacturers spend a lot of time and a lot of money trying to address security. and trying to keep their systems safe. this will be just another system that we'll have to actively monitor, actively work to keep ahead of the hackers. melissa: when do you think we see this on the road? >> well you know, i think we see it sooner than people think. and the reason, u.s. d.o.t. took a bold step. they put a stake in the ground and told the auto manufacturers, they were going to move toward requiring this technology in new vehicles. so now that the automobile manufacturers know that i think they're going to start to, you know, try to position themselves

to take the competitive advantage. melissa: interesting. scott, thank you so much for coming on the show. cool stuff. >> yeah, it is great. really exciting. >> up next, first you were trying to protect yourself from hackers, right? then it was google. then nsa. now it is the consumer financial protection bureau, the very agency that is supposed to be protecting you. hunddeds of millions of records are being mined for your information. get this, they can't even guaranty its safety. you have to watch this and tweet me what you think. who lost money today? broncos fans are still mourning their loss but none more so than this guy. you won't believe the seven figures he is paying out. "piles of money" coming right up. ♪ [ male announcer ] you're watching one of the biggest financial serviceses cpanies in the country at work. hey. thanks for coming over. hey. [ male annouer ] how did it come to be?

yours? ah. not anymore. it's a very short story. come on in. [ male announcer ] by meeting you more than halfway. it's how edward jones makesense of investing. but with less ergy, moodiness,g i had to do something.. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm lot 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 o 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 includ increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs.

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and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bcteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. we want to turn to money business you may not have heard about but could have dire consequences. it was revealed during a congressional hearing last week that the consumer financial

protection bureau, an agency set up to protect you is mining your personal data. it's collecting information from millions of residential mortgages and hundred of millions of credit card accounts. it sounded worse that night nsa. joining me is a member of the house financial service committee. congressman scott garrett. did you know it was going on? >> not only do we know it's going on, we predicted that when you have an agency that is unaaccountable to anyone. the house of representatives, to the administration, anyone they could basically run amuck and doing what they're doing. collecting data on the areas you're talking about and more. what do you think is the real reason for doing it? what are they saying is the reason for doing it? >> we can only surmise the real reason for doing this. there's a sentence in washington the administration and other agencies a culture of control some would say they want to collect all the data on us.

the information whether the employment data, the traveling information, and the previous article you were talking about as far as cars and what have you. it's even more knee fair use, our daily business transaction. i have three or four credit cards in my wallet right now, if i remember correctly. there are over 1 billion, 1.1 billion credit card accounts in this country. and this administration, the bureau, wants to collect d.a. on up to 85, 90% 900 million account. they want to have all that data at their fingers tips. >> my concern it's at hackers finger tips. we have seen with the health care website we are not terrific at building and protecting things with our personal data. >> it is a big concern. first of all, we cannot get any information or much of the information we want out of the agency because, as i said, they're not accountable to anyone. they are funded through the fed. they can simply write themselves a check for $500 million and

nobody can say yes or no to it. the first question you raised before is why do they need this much data. we had an economist from george maison university look in to this and say they only need a fraction of this. they have 900 million records. they need about a million to do an analysis or the fraud going on out there. you raise the other main point how much security is there on this? they can't answer that question either. can hackers get in it? whenever you put the information in one place like this, just an ini have taste for hackers to try to get the information out of them. >> what was most astounding to me on top of the data base they are working with the federal housing finance agency on helping them build their own data mining base to get our information about mortgages. and the likes. this somes like this is the new thing for all the agencies to go out and get the information they have and mine it and add more to it. >> yeah.

>> what do you do about that? >> we try to push back. we try to hold them accountable. and on the mortgage information, here's something interesting. well, as they not only pinpoint you or me they can't identify you or me. it came out during the testimony that in some of these data bases, not the credit cards but other ones they collect your zip code plus the four-digit zip code about age of the person the information. if you have that much information, you can identify the particular house on the block, the people living there, and by age who exactly live there had put the data together and you, of course, know what the data is about. and what that person is. that's troubling. >> you mentioned the segment that came before you. he gave one of the answers yyu said. when the cars are talking to each other as you're driving down the street. they are talking to each other. they don't know who is in the car. they are not saving any information anywhere. it sounds like you don't like that either? >> no. i mean, i guess in this day and age unfortunately as the

american public is saying in the poll 62% of the public does not have confidence in the administration about half of them doesn't trust this administration. i think the average american doesn't trust, unfortunately, their government have this much personal information about them. which if a business was doing, by the way, if a comes to mind. if a business was doing this we would have to put on notice. we would receive something in the mail. we can't get the bureau to do that. they say it's not our responsibility. >> that's a great point. thank you for coming on. >> thank you very much. from the u.s. to every corner of the globe. money has been flying around the world today. starting in south korea, a woman earning $9,000 a month by eating in front of a web cam. everyone is laughing offers a three-hour culinary show chatting to strangers. it's part of a fad called gastro mommic -- people want to have a little

company at dinner time. thousand of such web shows exist. some say it's because res debits in south korea's larger wealthier cities are feel lonely without a sen of communitt. i don't know if i buy that what that is about. i'm going leave it there. >> over to the u.k. today is known as national sticky day. it's evidently so depressing to the brits they call out sick in droves. bad weather and christmas debt are usually to blame. that makes sense. with thousand of workers making up wild excuses to escape the office. it all comes at the huge price to companies. national sickie day is said to cost british businesses nearly 60 million in loss productivity. did you call in sick today? are you at home now? we know why. landing in the unrecognized self-declared sovereign state of somalia which is appearing to the international community by printing its own currency.

and forget bar codes or pictures. it's the new bank note feature something different. images of popular local animals like sheep and camel and goat. i love. it livestock trade is big business in somalia. more than half of all the government's money comes from barnyard exports. so i don't know make it legitimate. yeah. his face could be on the front of a dollar bill. from the internet leggings to -- oversized woolly mammoth inspired lady fur coat. the super bowl was a beast for the senses. we are breaking down the best and the worst. coming up next. don't go away. you have to tweet me your favorite moment. i want to hear. do you ever have too much "money"

so are you sick today? sick and tired maybe more like it. people across the country are

coming down with the super bowl flu. according to the work force institute, more than one and a half million americans are call thing out sick today. i mean, could you be anymore more obvious? this, of course, comes after a day of celebration and partying. the study says most workers should be back in action by tomorrow. yeah, sure. very subtle. day after the super bowl. the super bowl scored in one way more than 111 million people tuned in to see rustle wilson and company take home the trophy last night. some of you used the super bowl as an excuse to watch commercials, drink too much, and eat seven-layer dip. delicious. the executive producer jeff schafer braved the crowds to watch the seahawks terrorize peyton manning. we're going break down the ads and everything. jeff, did you have a giants fur lady coat like joe? >> i had a giant coat and someone took it.

i put it down in my seat and then it was gone. next thing i know i see broadway joe wearing my coat. luckily -- melissa: you left it for him. >> it was warm. it was like a -- it was a late night. it was -- being a seahawks fan, i don't live in seattle now. for years and years since they started. >> what is your connection? you don't have one? >> i grew up in there 1976 my football formative years the teams started and i liked them. we have been season ticketholders for 15 years. which is always being a seattle season ticketholder is like being a fan of a japanese punk bad that is often not very good. it's difficult to be difficult. [laughter] now it's our day. melissa: okay. bruce, you were out there watching the whole thing. you were root forget seahawks

for sure. >> right. i really cared about the seahawks. melissa: what ads struck your fancy. it the tim tebow ad? >> i loved about tim tebow. now we know two things he's not doing. playing football or acting. [laughter] i thought it was brilliant he doesn't have a contract. he clearly has a sense of humor. it worked out well that the broncos could have used him. i saw a tweet that said i haven't felt so bad for a bronco since o.j. was driving one. [laughter] melissa: yes! that's true. tim tebow. what did you think of the ad? >> i thought it was good. i thought it was funny. >> i enjoyed it. i thought there were moments that sort of stretched believability. i totally -- i totally believe that tim tebow could get to the moon. but i do not believe that he would throw a complete pass. >> i think you are right about that. bruce, let me ask you what is another ad. what did you think of the radio shack ad?

>> i loved it. i have gone back to watch it to be ready to chat. i love it more now because i see the other -- come on! -- dee snyder. melissa: that was her. i went back and it was her? did they get someone pâté to hop in? >> t wolf, the chucky and the raisins. i hope key made some money. to bring back twisted sister. it took cut guts. melissa: it looked disheartening. it showed -- >> yeah. >> i actually -- >> unwelcome homecoming. great ad. i think the message is supposed to be our store is cooler now. it is the wrong message. don't worry about the store and what it looks like. change the name. if you want to be known as a per seer of complicated electronics. don't name yourself out of humanity's simpler achievement. the radio and the shack. melissa: that's right!

it's like -- no one is going. that doesn't inspire confidence. melissa: i think, bruce, i thought it was clever they were harshing on their own store stuck in the '80s or even earlier than that. jeff makes a great point. there's sort of i don't know they have to change the name, too. would you tell them that? change their name. >> they should have a listening time ago. you might remember they were -- they had a bunch of stuff. they had a lot of bad name. now they narrowed it down to one. the fact they were able to discuss themselves that was the best part. i like that. melissa: the fan experience. was it as miserable. the ride home. all we have sheared people on the train trapped passing out. it was hot, it was terrible. you couldn't once you are stuck in jersey. you can't get back. that's the end of it. >> they are stuck eternally. for us, f x a member of the fine fox family. we were with the cast. we actually had a few vans with

the police escort to take us -- melissa: isn't that fancy! isn't that fancy. you had a police escort. was there an emergency of some time? >> people on television that need to go to the sporting event. there's a bigger emergency than that. i haven't heard of it. what was interesting we have thevance wait for the police escort and someone from fox said, you know, we're going have to be a few minutes. some gentleman in a limo took the police escort. melissa: i need that for the future. >> they told the police you are supposed to take us to the game. >> stop it? >> and the police went. gloam wouldn't they know the person's license plate and go back and is the person in trouble? melissa: i love that. >> the person is going me next super bowl. melissa: absolutely. what did you think of the "seinfield" halftime? where was elaine? >> it was -- i think, the genesis of this

actually was originally going to be larry, david, and jerry. melissa: i wanted larry in there. >> once they realize we're going to do it larry said let's put jason in. it's great to -- melissa: newman! newman giving a shotout to the seahawks was a big hit. >> bruce, final take away from the game. >> final take away was the licking his lips saying hello ladies! what a great actor that bull was. the timing was awesome! melissa: oh my gosh. that ad killed me. thank you very much. coming up. so much for bringing in the super bowl dollars. meet the new jersey mayor who says the nfl exploit the not only his town, but others in the state. they want someone to pay up. he wants his money back. you can never have too much "money" apparently.

time for a little fun with "spare change" the super bowl hurting more than broncos fans today. the mayor which houses the meadowlands complex said the nfl exploited his downtown. he's looking for payback. mayor join me on the phone. what do you mean they exploited your town? >> caller: i think what happened it's not the cost -- but as you know there are several communities that comprise the meadowlands area. we incurred sizable costs in regards to hosting the super bowl. we got nothing in return. we weren't looking for it to be a profit center. we were looking to reimburse for the money we laid out. melissa: in terms of your you're talking about you're emergency staff you had on hand and police and firefighters and that sort of thing? >> caller: yeah. exactly.

that's exactly right. melissa: did they tell you up front when the host committee came or when you found out it was going to be there. were you lead to be you were going to be reimbursed? >> caller: absolutely. we thought that certainly, you know, we wouldn't -- my constituent city wouldn't be contributing to the nfl's profitability. i mean, it was a surprise to us, first of all, they, you know, were 501c6. they didn't pay taxes. when they found out they were using the tax dollars of the host community, i think it was, you know, we took that as an affront. melissa: yeah. it was interesting you contribute to the profitability. we know they are a nonprofit. it has been a subject of a lot of consternation. you have three hotels, eight bars in your community. 300 hotel rooms. were they full? is that a benefit to your community? >> no, you know, most of the bars were not. they had the option of being later and they close at the

regular time. the hotels most of the hotels weren't even booked in sea caucus you could still get a room. the reality is new jersey got the short end of the stick, obviously. what happened was people to came to the super bowl and went to new york. we weren't even allowed to use the name super bowl. they asked us to have party and events sea caucus had a winter blast. east rutherford had a big game tale gait party. we were not allowed to use the word super bowl. melissa: why? >> caller: the nfl wouldn't allow it. it made no sense. but, you know, it stands to reason. for the reason it's the new york giants and the new york jets who play in new jersey. this super bowl was in new jersey but the, you know, the profitability all went to new york. melissa, you know, this is always the case when you hear -- i feel like when you hear about cities whether they are getting the olympics getting whatever it is, they think it's going to be

this huge boom economically because it's going brick in all the tourist dollars and the people to the town. it feels like inevitably you end up spending a ton of money and the revenue supposed to come in doesn't come in. is there anything you feel like could have been done differently that would have made it a better exxerience for you other than saying no, we don't want it? >> you know, i think had they included the community not just in the planning process but i think overwhelmingly the community felt like we were used and abused. i think had they incorporated us in the, you know, listen -- we don't the president to be a profit center. we just didn't want to be paying -- melissa: right you don't want to be in debt over it. did you watch the game? >> caller: i didn't. i guess it was my private protest. i didn't watch the game. melissa: mayor, thank you for coming on the show and sharing your experience. i'm sure other towns will learn

from it. who made and lost money today? you'll need to lie down for this one. the guy lost a lot of cash on a. there's no cushioning the blow. you can never have too much money.

whether it's on wall street or main street who made and lost money today. starting with those who lost. anyone who owns ford. bah weather caused the sales to drop in jan. two rounds of the polar vortex. it means that not all deliveries were made on time. investors felt the chill and the stock dropped more than 2.7%. the usually chief executive alan owns around 6 million shares of ford he lost 2.5 million. making more money from pot. reports say the state already collected more than $1.2 million

in pot tax since marijuana was legalized. it's only according to half of the state's pot retailers, which suggests that the true amount could be higher. way to go. and losing big money. the houston furniture store owner that lost $7 billion on a super bowl bet. jim -- aka mattress mack. promised his who spent $6 ,000 or more in the last two weeks they would gate full refund if the broncos lost. his -- he is fulfilling his end of the deal. more than 1,000 happy bed buyers will be receiving a check later this month. that's customer service. and insanity. i hope you made money today. be sure to tune in tomorrow for none other than grammy winner. the performer is giving us the low down on las vegas show rock tails and cocktails. how the money coming in is benefiting music programs and

las vegas schools. he's a rock and roll do gooder. tomorrow at 5:00 p.m. "the willis report" is coming up next. ♪ hello, everybody i'm gerri willis. tonight on "the willis report." consumer's financial information hacked again. this time one of the country's biggest hotel chains. also, janet yellen sworn in as the new fed chief. wait until you hear what she says about seniors. who is throwing granny over a cliff now? ♪ and with more snow and freezing temperatures in the forecast, congress is making it more expensive to heat your home. we're watching out for you tonight on "the willis report." ♪