tv MONEY With Melissa Francis FOX Business February 10, 2014 2:00pm-3:01pm EST
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lori: we'll do. melissa: barclays traders going rogue, a shocking report making the target problems seem tame. buying information on at least 2000 customers. talking bank and medical information, income information, passport and numbers. the damage has been done. can you stop your life being sold? even when they say it's not it is always about money. melissa: a huge security breach at barclays has thousands of clients worried their information was sold on the black market to cold callers. an investigation underway to figure out how a possible inside job could have happened. reports are saying that this information could have been sold for an enormous amount of wait,dollars. that's right. the big question is, if it happened at barclays, where else did it occur? joining me now, two men who know
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all about the cyber fraud industry. identity theft expert, robert sissel lawn know and former director of the nsa, come layton. thanks for joining us. robert. let me start with you. what is disturbing about the scandal if all true and as reported, is that this is a new wrinkle. it is not identity theft. it is really selling your information so predators can come in and boiler room style try to take advantage of you. >> yeah. this does remind me of the movie, boiler room, where they get sucker lists and call people with fake investment scams. over time they bait and, bait them and switch out the opportunity for a scamming investment and the potential victim loses. that may be the case here too. melissa: yeah, colonel layton, what do you think about that? >> well i agree with robert. there are a lot of issues, melissa, where you really talk
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somebody's identity in a case like this and do all kinds of things. for example, what you can do is find out exactly how much they have in their bank account. you can find out what their medical history is. you can assume their identity. in many cases if you're, if they are targeting affluent individuals, they can even go after them for things such as kidnapping and physical crimes like that. so it's a very serious issue. melissa: robert, how much do you fault barclays if all this is true in all of this? it does seem like these were predators inside the bank, you know, gathering the information on a flash drive according to the whistle-blower that went to the original newspaper with this report. they were gathering this information and bringing it out for profit s that something barclays should have been able to protect customers from? >> well certainly today there are numerous technology that is monitor who has access to what kind of data and why. and they also can restrict that data as well. and over the past decade we've learned an awful lot about these insider breaches and majority of
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the banks today, more than likely have that type of technology operative. maybe back then they didn't but, they could have. melissa: yeah. colonel layton, do you think this has gone on in other places we don't know about? >> absolutely, melissa. i think we're just hearing the tip of the iceberg at this particular point. this is very unfortunate, especially when you look at transactions, financial transactions that happened in the past before a lot of protections were put in place. i think you will see there will be a lot more breach that is will be announced. and i think also in the future, you can see quite a few more that will be coming up because people will find ways to get into the bank's firewalls. they will find ways to get into people's accounts. and that is exactly what we have to safeguard ourselves against. melissa: so, robert, how do you protect yourself against something like this. >> when somebody has access to your own information, meaning that they are responsible for it, you are, at a disadvantage. so, what you need to do is
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recognize that your information probably already has been breached. i would say that, with the close to a billion records that have been breached over the past decade, that all of our information has been breached at that being said be on the lookout for incoming e-mails designed to trick you into entering credentials and click links. beware of phone calls, any incoming communications designed to extract additional information from you and monitor your existing accounts. melissa: colonel layton, do you agree with that? has this probably happened to everyone somewhere along the way? that seems to be what robert is saying? >> if you believe it hasn't happened to you then you're probably not quite grasping reality. there are a lot of areas where there have been data breaches and with a billion plus people being affected by these data breaches, 20 million in south korea, the other week. several million in germany, and the barclays case now and of course the target case in the united states, there are so many ways in which data can be
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breached. the protections are simply inadequate. i agree with what robert said. i think what we need to do is make sure there are data protection laws in place, not only in the united states but really all over the world. so that you can really make sure your data is secure as it possibly can be. melissa: gentlemen, thanks to both of you. >> my pleasures. thanks, melissa. melissa: big government health benefits disincentivizing citizens to work sound like france or u.s.? it is the united states. as the president obama hosts france's president for a week. he there are lot of rumors that u.s. is becoming the next france. fox news peter barnes is at the white house. haven't people been saying like this for a while? maybe crowds are growing louder now? >> melissa, the french president's visit comes a week after the congressional budget office released its latest analysis on obamacare and said that it could potentially hurt
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job creation down the road. but let's go to the official score keeper of these kind of things, the organization for economic cooperation and development. it collects data on 30 advanced economies including the u.s. it looks at social expenditures. government spending on retirement programs, disability, health care, unemployment benefits and this 2013, france spent an estimated 33% of its gdp on these types of programs. the highest, in the oecd database. the u.s. was at 20%. the average for the 30 or so countries is about 22% but the u.s. is moving up in the ranks. 2013 number placed it 30 or so from the oecd countries up from 28th in 2005. interestingly with employment at 11% in his country and weak economic growth it is president holland is backing away from the
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socialist model and now proposing a tax-and-spending cuts to help jump-start the french economy. >> what holland is trying to do is, alter accommodation that is have been struck between labor and business, between citizens and their government that might have worked 20 years ago, 25 years ago but no longer enable the french copy to cope with a very different international environment. >> we want to point out that bigger government is a bipartisan venture here in washington. of course president obama opposed, proposed rather his health care reform plan but it was president bush who proposed and signed into law a major expansion of medicare with that medicare prescription drug program during his administration. melissa? melissa: peter, thanks so much. aol making an b face on is
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recent retirement plan changes. he in its second public fumble in the last two months, ceo tim armstrong says he is switching employee retirement plans back to per paycheck contributions instead of an annual lump sum payout. armstrong made the first switch last week blaming rising benefit and retirement costs including a roughly $2 million health care plan for an employee's two distressed babies? did you hear about the comment? pressured aol to restore the traditional 401(k) policies. investors clearly not liking the reversal. the stock is down 4% there. now to the olympics, u.s. athletes give up years of their lives and lots of money to participate in the olympics. when they do us proud and win those gold medals, should they have to pay? uncle sam has his hand out. you won't believe ouch the olympians is giving to uncle sam that some coulding up in "spare
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change." get ready to pay more at the grocery store thanks to the devastating drought in california. it will cause ripple effects close coast to coast. we'll tell you what to expect. nearly half of our fruits and vegetables are from the golden state. that means your wallet is about to be hard hit. we're going to the cme. we told you don't move. more "money" coming up. we asked people a question,
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how much money do you think you'll need when you retire? thewe gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3yes or mor so maybe we need tapproach things dferently, if we want to be ready for a longer retirement. ♪
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melissa: time to check market moves today. the hot money, investors are giving a positive review to shares of yelp. the stock moving higher after landing a deal with yahoo! to beef up the search engine. with me, bob gelfond of mqs management. from the new york stock exchange, jason weisberg. i want to start with you, jason because you're on the floor. what is the big talk today? >> there was a lot of talk about apple this morning. you mentioned the yelp-yahoo! deal. i think more beneficial to yelp than yahoo! there was a lot of olympic talk as well. there are pockets of stocks around the room, not necessarily sector specific. news-related items that happened over the weekend or announced
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this morning. melissa: bob what do you think of the market right here? >> well i think that, you know, there is a lot of crosswinds in the market. corporate profit growth has been steady and positive. the economy is growing but not really getting -- melissa: the economy is not really growing. i know what you're talking about. we'll be lucky to have 2 1/2% in the first quarter. >> that is positive. melissa: with the jobs market, i think the stock market is way ahead of what the economy is doing? >> part of reason we know interest rates will stay low for a long time even if the tapering continues despite the job numbers last week. the, rates, short rates will stay low for quite some time. that alongwith modest corporate growth, modest economic growth, i think at some point will help give a floor to stock prices. melissa: okay. jason, beans and noble was -- barnes & noble stock was one of the stocks catching my eye, the stock was up almost 10%. firing everyone related to the
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nook. they totally backed away from that idea, and they don't care any longer. is this a dead-cat bounce? do you have any good feelings about this stock? >> i'm not personally along the stock. i don't follow it. the stock would have perform ad lot better if they shut down nook or telegraphed it a lot sooner. this is celebration of, you know, cutting dead weight. that is what the stock's telling you. melissa: yeah. bob, we're trading in a very narrow range today. we had big moves last week. do you read anything into that? >> no. i think there is still concerned about whether emerging market crisis is going tick up again and potentially spill over -- melissa: it is almost definitely, isn't it? it is not resolved. >> there is question how much worse does it get. particularly europe is more susceptible what is going on in turkey but there is really no strong growth anywhere in the world. that is the thing that sus canning the market some concern so far this year.
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melissa: how can you not think that the market here is overvalued if there is strong growth going on in the world? we had a pullback lately. we had a tremendous run last year. where do you think the market should be? >> i'm going to say, it will be probably be higher by end of the year. i don't think it will be anything like last year. i think it will be a struggle most of this year. i think investors should try to stay diversified. not like last year and close your eyes and be long stocks. having things like bonds and gold in your portfolio is good way to help get that diversification. melissa: jason what do you think of, i know you were talking about yelp at the beginning, reaching all-time highs here. of topped out or would you jumpt on it? >> i don't know. certainly this deal is very beneficial to yep. it getting them a lot more eyeballs. i don't know, i think, yelp's long-term prospects are a probably lot better than yahoos.
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i know the patch deal didn't work out for aol on the local strategy and aol decided to finally jettison that experiment. i think yahoo! will face same challenges aol did combining the deal with yelp. you would like to see it work out but a little bumpy for yahoo! as of late. melissa: gentlemen, thanks to both of you. from the u.s. to every corner of the globe money is flying around the world today, starting in the united arab emirates where drones could be delivering mail within the year. i love it! dubai is ramping up investment in technology so official documents can be carried from place to place without needing an actual person. watch out, post office. fingerprints and retina idea to make sure the drones are bringing documents like i.d. cards and driver license as uh-oh, to right people. what could possibly go wrong with that? still it is not known how the drones will react to severe
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weather conditions like sandstorms and extreme desert heat. sounds like reality show. brazil is embracing chubbier football fans. they were being offered discount citizens to the world cup. obese citizens will have to pay fraction of going rate because brazil allows them same as elderly. double-wide colorful seats are built to accommodate their frame and they will need a doctor's note providing their weight. half of all brazilians are classified as overweight. one in 15 people are considered obese. landing in russia is now banning the bitcoin. the country's prosecutor general saying money substitutes will not be tolerated. any use of the virtual currency would be deemed as suspicious. officials also say that using bitcoin risks being pulled into illegal activity. you think? like money laundering.
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might be on to something there. up next the megadrought hits home. farmers and businesses are feeling the strain and sheer scale of disaster will shock you. the fallout from the biden bashing. the vice president has been knocking my favorite airport. i love this place. have you seen the delta terminal? he has ruffled a whole lot of feathers in the process. you have the latest. do you ever have too much money? it is not possible. peace of mind is important when you're running a successful business.
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[ female announcer ] watch live tv anywhere. the x1 entertainment operating system, only from xfinity. melissa: talk about a kick in the fridge? californians brace for the year of the megadrought there are fresh concerns that it is going to drive up the cost of feed everywhere across the country and big-time. here now on how high it is going to go both from the cme and
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senior vice president scott shellady and price futures group, phil flynn and also a fox news contributor of course. let me start with you. call pers list is half as long, fruits, nuts, vegetable, dairy, you name it. it comes from al fornash. this is huge deal. >> this it is a huge deal for couple reasons. with very a family farm and get dry and space out seeds and demand for water is less. california is unique. they get everything on trees or vines. the damage is geometric. half a drought things are cut in half. even if you get rain then, the year after that it is down by 90%. so we need a long legs to get back where we started when we have a drought this severe. melissa: that is really scary. it just means prices to everyone going up higher. i think what happened to corn in
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2012. didn't we see a 60% jump in price there, phil. >> we did. tell you what, melissa, the best way to worry about what is this impacting. think of your salad. everything is in the salad is being impacted because this is what they produce. i don't know if you drink milk with your salad or wine but those two things are as well. melissa: maybe both. >> this is absolutely incredible across the board. but -- go ahead. melissa: no, go ahead, phil, finish your thought. >> bottom line is that you know the bottom line is that yes we've got droughts but that part of the world it is the worst drought in 500 years. we could have been better prepared for it. that is another issue we have to look at. are policies in california making the situation worse? a lot of people say they are and now we're paying the price. melissa: that is interesting perspective n fact, scott, let me play for you what some local farmers had to say about this. we went out to the farm to see what is going on. let me play the sound and ask you to react.
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>> the reservoirs are as low as they have been in decades. so we have no cushion. maybe get a storm this weekend but it is going to take something biblical to really boost the supplies and get us in better position. melissa: so, scott, they did get a few drops over the weekend and like you were saying once this sets in the aftermath lasts for years. to phil's question, should we be doing things differently to not back ourselves into this corner? >> yeah. we have to have things in place, as far as building procedures and rules and regulations. i don't want to get the government too involved a little bit of common sense helps out as well. today's rains we had this weekend, we'll need significant rain every other day until may to get back to where we need to be. so it is not going to be over anytime soon. there will have to be more responsibility on the individual to help get this rather than a lot of rules and regulations. melissa: like what, phil? like what? what can we do to protect ourselves? should i buy serial and stock up
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because so much of the wheat crop got wiped out? >> i would say yes. stock up on wine. because, well maybe not. melissa: i have plenty of that in the cabinet. >> yes. but the quality going to be much better after the drought. i tell you what, you should be stocking up. prices will be a lot higher. quality of what you get, fresh produce which you really can't store is worse. it will be a lot higher. the republican house tried to pass a bill to explain, to shut down this river reservoir to protect, try to recreate salmon runs gone for years at expense of the farmer. that dried up even more water. so all these environmental rules have added to the problem and soon as we see this stress, guess what? droughts happen in california. they don't have a lost water in that area. when you get on these crazy binges, everybody across the country pays the price. melissa: thanks to both of you. we'll be reporting on this story for a while because it is not going away.
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turning now to the turbulence over laguardia airport, new york city mayor bill deblasio is firing back at vice president joe biden, comparing the airport, laguardia to a third world country. this comes after the government already flew off with hundreds of billions of dollars of stimulus spending. where did that money go? rich edson on the story for us in d.c. rich, i'm mad about this one! >> well you know the vice president said the stimulus would rebuild america's crumbling infrastructure. the $800 billion stimulus law spent billions on infrastructure though less than $75 billion went to transportation or infrastructure and even less went to funding airports. >> there was virtually no money, to my knowledge in the stimulus bill addressed, was, that headed towards making the airports either bigger or more efficient. that was basically stayed the same through the passenger tax when you look on your ticket. that was there is still not
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enough money going into the system from passenger fees to sustain a buildout of america's airport system. yes, they certainly could have used some of that money to build better airports. >> the government accountability office says much of the airport spending in the stimulus upgraded runways and bought navigation system, generators and circuit breakers. most of the 800 billion-dollar stimulus went to tax benefits and entitlements. spent less than $40 billion on transportation. less than 30 billion on infrastructure. accountability office said much of that paved roads, upgraded facilities and paved for buses. melissa? melissa: all that bickering, will we see anything happen you think? >> well, on the federal level for republicans increased infrastructure spending equals stimulus and most are strongly opposed to boosting that spending. unlikely congress does much this year at all. even less likell sizable increases in airport funding. port authority of new york and new jersey they oversee laguardia airport.
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spokesperson says they will spend 3 1/2 billion dollars with a partnership through the private sector to build a new central terminal building in laguardia and spend $8 billion to upgrade all airports in new york area. melissa: seemed like a big con strived thing they were about to announce spending a fortune and tee it all up, and we'll spend all your tax dollars fixing it. we can't win either way. rich, thank you very much. >> thanks. melissa: up next, if coming after the world was hard enough, nfl prospects michael sam making history becoming the first openly gay player to be potentially drafted. there is talk that could cost him financially. market maven bruce terkel is all fired up by this one. tweet me on what you think. "who made money today?" this kid made money thanks to his trusty barnyard companion. keep watching to see who it is. "piles of money" many coming right up.
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♪ melissa: before last night michael sam was just another college star bound for the nfl, but his decision to disclose his sexuality has put him on a collision course with one of the biggest barriers in professional sports. in openly gay male athlete has ever played in the four major sports leagues, and some predict sam's all-american status won't be enough to overcome the biases of nfl gatekeepers come draft day. marketing guru bruce joins me right now. i'm so glad you could make the move to 2 p.m.. thank goodness you're available at this hour. >> it's nice to see you so early. melissa: absolutely. this is what the experts are saying, "sports illustrated", i consider them an expert in the field. from a purely football perspective, his decision to
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come out prior to the nfl draft will make his pass to the the league daunting, this is what coaches told si in blunt terms. they expect a significant drop in his draft stock and a culture not prepared to deal with an openly-gay player. what do you think about that? they're the experts. they could predict where someone's going to go in the draft. >> i think we should look at it from two different ways, and i am not the sports expert, although i have talked to friends to make sure i was ready for this. first of all, i've got to bet jackie robinson heard the same thing. this is another civil rights battle being fought on the front lines that people are paying attention to, and if the nfl is smart -- and it'll remain to be seen if they are -- this is a be pr touchdown, a prtd for them. why? because they get to give a shoutout to the lgbt audience, to women, they get to demonstrate tolerance, they get
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to come out against bullying. if it turns out you can be gay and play, i think this is going to work out terrifically for him and for the nfh. melissa: okay. so the combine is two weeks away. he's, obviously, going to be the hottest ticket there in terms of, you know, to get interviewed, all of a all the ma attention. as a marketing guru, what advice would you give him going into that event? >> i think he needs to be who he is. he's already demonstrated he was an outstanding pass rusher, he was in the number one conference three years in a row in the sec. so he's demonstrated he can play, he's honest, and now he's got to demonstrate that he has class and grace. here's what we're going to know. i mean, he's got to go within the first three rounds because of who he is, because of what he's done. if he does, then it seems that we've turned a corner. if he doesn't, something's afoot, and we'll see how he'll handle it, because you mentioned -- and i know you always want to know where the money is -- melissa: yes, yes.
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>> we're going to see where the sponsorships are, which advertisers -- melissa: well, that brings up an interesting question because if he slips from the third round to the fifth round, that could cost about $700,000 in terms of a signing bonus. but i wonder if there isn't a niche market that he would pitch to once he got into the nfl that would make up for any dollars that he lost. are there products you can think of for which he would be the perfect ad guy? >> of course. of course. as i said earlier, there's two audiences, the lgbt audience is enormous, it has big money, and it's looking for loyalty, and it's looking for respect. and also the nfl has worked very hard to attract women, and we've seen with what's happened in gay issues in the past that women are on the forefront of supporting gay issues. i think what's sad is you realize that the nfl is a decade behind the military, and that doesn't speak well for them. melissa: no, it doesn't. thanks for making the move to 2
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p.m. with us. thank you, we're excited. coming up, more sweeping changes for home buyers. new, tougher rules imposed on housing market are meant to protect lenders and borrowers alike. you're going to hear how this could impact your chances of owning property in the future or selling your home. at the end of the day, or it's all about "money." ♪
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♪ ♪ >> i'm ashley webster can with your fox business brief. economists see stronger growth in 2014 according to a "usa today" survey. the economy will add an average of 200,000 jobs each month. the economists predict the u.s. unemployment rate will fall from the current 6.6% to 6.3% by the end of the year. lowe's corp. is reporting a bigger fourth quarter loss, the company controlled by the tish family took charges of there are 398 million from low natural gas prices in its high mountain exploration unit. and toyota announcing it will start -- stop making cars in australia. gm and ford have already ceased australian production, toyota cutting 2500 jobs in the move.
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over the weekend the java joint served calf fee sippers of all kinds on the house despite their claim that they're a legitimate coffeehouse, dumb starbucks is only getting away with this gimmick under a parity law meaning the store is considered art. certainly brings whole new meaning to the phrase the art of coffee, right? the real starbucks is looking into the spin-off, but so far investors are liking how it tastes. the stock is up better than 1% on the day. i love it. all right, maybe we did learn something from the mortgage crisis after all. the consumer financial protection bureau has instituted new flips for so-called qualified loans, and they could seriously restrict foreclosures. but are these regulations enough to keep us from enduring another housing crisis? here with more is consumer real estate expert and author of "find it, fix it, flip it," michael corbett. >> hi. melissa: thanks so much for joining us, so i'm looking down
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the list of these new rules, and they seem pretty, you know, a lot of common sense. your loan payment can't be more than 43% of your income, no more negative amortization, but to me, i look at the list in total, and i think there's going to be a lot less lending. >> you know, really the fact is that these rules, as you said, they're basic, common sense. they're things that should have been implemented years and years ago, but they weren't, and it really was a big contribution to what ended up being our housing crisis and the market crisis. one of the main things, and the other thing you didn't mention is they're doing something called qualifying for the life of the loan. there are a lot of loans out there that had teaser rates or sort of risky beginning rates where you'd get in because you could afford it, and then the rates would adjust up. now it's absolutely imperative that someone is actually qualified for the life of the loan. what a concept. melissa: but, wait -- >> you have to be able to pay for it when the loan goes up. melissa: are they saying that's
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only on an adjustable rate mortgage? and also how realistic is that? it's a little bit like a pension. really no person of my generation plans to stay in a home for 30 years. you trade up, you move towns, you move jobs, that's just not the way it works any longer. >> correct. what they do now is you actually have to be qualified for whatever the highest rate is that that mortgage is going to go to. now, fortunately right now many of the rates that are so historically affordable now are the 15-year fixed and the 30-year fixed. so if you qualify i now, you know what your mortgage payment is going to be. the problem was there were a lot of mortgage cans including negative amortized and interest-only loans that people weren't qualified for when the balloon payments came along. melissa: no, and the balloon payment always sort of blew my mind. it's going to come. you're not going to to be able o pay it, what is your plan? but, michael, the bottom line, though, it does mean -- it may be reasonable, but it means less
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lending. doesn't this mean prices will go up slower? isn't this going to cool off the housing market a little bit? >> here's two benefits for this. one benefit is the fact that now ap actual home buyer can actually look at what they can really afford. if they can't afford that mortgage payment, they're going to be able to buy in a lower price range market. they're basically being encouraged to buy homes they can afford. it's not that they're being encouraged to not buy, it's buying a house you can afford. that will then also help the fact that a few years ago i always like to say a monkey with a credit line could have bought a house. that's all you needed to do was have a credit line, and that artificially escalated the price of houses to the point where they were unaffordable. so that people couldn't buy homes. what this does, it keeps people buying homes they can afford with a nice, slow, steady recovery in the market. that's really one of the keys to this. melissa: michael, thanks for coming on. >> my pleasure.
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melissa: coming up, the ultimate price of gold. uncle sam making his presence felt in russia. you won't believe how much tax olympians like jamie anderson, she just won. here comes uncle sam. she's going to have to pay tax on that medal. can you believe it? you can never have too much "money." ♪ ♪ weekdays are for rising to the challenge.
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♪ ♪ melissa: time for a little fun with spare change. the olympics are underway, and the u.s. athletes are starting to take home the gold. it is actually costing them a lot of cash. did you know? a u.s. gold medalist gets $25,000 from the olympic commission but then can owe almost half of it in taxes. what is the real cost of winning? today we're joined by jo lipping
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kent and david asman. so you go out there and you train and you sweat for your country, and everyone's so proud of you, and then you come off the podium, and there's uncle sam standing at the base of the stairs with his hand out. >> well, it's insane, but it's a nice, cold reckoning of how this society works and how unfair it is. it's like my 21-year-old daughter finally getting these receipts and seeing where the taxes -- what is this tax, dad? she can't believe it. she's heard me complaining about it, but i think it's a good wake-up call for these people. they'll be able to use their notoriety as medal winners to say this has to change. melissa: he's finding a bright side in pouring a giant bucket of cold water -- >> exactly. here's the thing, they're willing to pay for the tax, their aware of it. i just checked with figure skating, they just won the bronze medal, they are all going to be making $10,000 a person, and they are aware that they are going to be taxed. and you know what? the olympic athletes aren't alone.
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the seahawks got taxed jersey so this comes with the territory. some people call it a bonus, your bonus gets tacked. melissa: it's not a bonus if you're not getting paid a salary. >> it's really the parents who do most of the spending. the ice skating parents make soccer parents look like pikers. they spend hundreds of thousands of dollars every year, and i'm sure they're not able to deticket that. so let's give them a tax bonus. melissa: why award this money at all? it is such a small fraction of what they paid to get there. the money you paid out of pocket, they're scrambling to get sponsors to help them, and especially the athletes that aren't going to win the gold. so then to give them $25,000 and tax half of it, it's insulting. >> when you think about all the sponsorships that would come later if you get that medal. ashley wagner is relying on her procter & gamble sponsorship. she's not looking to get -- if
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bingo. and by the way, i brought pictures too racy for the producer concern. melissa: what? >> this is how they look in the hockey stadium, you know -- melissa: too racy for "money"? >> this is how they make their money, in lingerie ads. melissa: who's that? >> that's an olympic athlete in a lingerie ad, and it shows how you can make money. you don't necessarily get money from the medals, you get it froo lingerie ads. melissa: let's talk about after the show who wouldn't let you put that up on the air. wait for me because we're almost done. [laughter] thanks, guys. which guy is ringing his cowbell all the way to the bank? how exotic barnyard animals just made this kid some serious cash. you can never have too much "money" or too many racy photos, i thought. i don't know. ♪ ♪ welcome back. how is everything?
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♪ ♪ melissa: whether it's on wall street or main street, here's who owns money, anyone who owns dick's sporting goods. stock up nearly 3% right now, chief executive edward stack has around 18 million shares meaning he's made around $25 million so far today. good for mihm. also making money, the 18-year-old that just fetched over $900,000 for -- $200,000 for his 10-month of old steer. the exotic cross-breed caused quite a stir when he was unveiled at the rodeo. the steer now live for six months at the fort worth zoo before being moved to the ranch, and larry plans to use a college degree at texas tech. now, that's living the dream. and spending a whole lot of cash on robots, british inventer james dyson, the vacuum cleaner
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extraordinary their, is spending more than $5 million on research on android robots which he thinks will have a place worldwide. the technology will be developed in london, ooh, i like the sound of that. he helps the domestic helpers will one day be able to guard property, clean windows and vacuum, obviously. back to markets now, weak sales not slowing down hasbro, shares of the toymaker soaring after the company touted a series of toys based on upcoming movie blockbusters. is this a movie strategy? here now jeff reeves and our very own liz claman getting geared up for the final hour of trading. liz: great job, melissa. melissa: thank you. jeff, let me start with you on this hasbro story. toy sales were so weak in the fourth quarter, didn't do what they needed to do for the christmassholiday. mattel in the same boat. analysts saying toys are dead, you know, toys are trash now. not happening any longer. kids want ipads, they want electronics. what do you think of this bounce in hasbro?
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>> number one, i am the proud father of two girls under 5, and i can tell you proof positive toys are not dead. believe you me, grandma will keep them coming. [laughter] toy companies broadly have challenges in a digital age and particularly the companies like mattel and hasbro, i mean, they're inherently sad chasers, right? it's what's hot right now with the kids, and the reason the sock has popped lately isn't because of q4 numbers. the holiday shopping season was pretty weak, the numbers haven't been great, but investors are looking ahead to the 2014 shopping season. again, toymakers coabout a third to a half of their profits around the holidays, and they're really enthusiastic about this transformers line. i think hasbro has shown it might have something in the works for 2014. the million dollar question for these companies is what's your second act? pel mel yeah. for the next 12 months it might be all right, but for the longer term there are challenges from digital technology and broadly from other things that are that we just don't know about yet.
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>> and, melissa, my little pony's been around for so long it should be my old mare. melissa: i had one. liz: my children had them a long time ago, and jeff is absolutely right. this is a game of what's hot now. so i think that's important. melissa: it's true. although my kids, i have to say, you buy them a toy, they gravitate back to the ipad. let's talk about mcdonald's for a second. sales fell 3.3% in january, they blame the weather because it's always the weather's fault when something goes wrong. at the same time, up about 5.5% in asia, middle east, africa. does mcdonald's have a problem here in the u.s.? >> well, i think they do. i mean, if you look at the numbers, they've seen single-digit growth lately, and, again, this weather excuse ain't new for mcdonald's. they like to trot this out. i think the bigger picture if you look into the details are we have a strong dollar environment, but when the dollar is strong, it makes multi-nationals like mcdonald's and coke, their
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sales overseas don't value as much on the bottom line. so i think the strong dollar's kind of holding them back, and let's not forget that american consumers as we saw with holiday sales, they're not super grand, and the extra value meal shopper at mcdonald's is not your well-heeled consumer. they've been hard hit in the last year or two, and i think that's shown itself again. melissa: liz, what is it you're watching right now? liz: we are absolutely watching mcdonald's, it is one of the most widely-held stock, everybody's either owned it or owns it in their portfolio, but we're also looking at apple. the billionaire, carl icahn, is maybe turning tail, calling truce in attacking the company more not inyou are curing such -- incurring such a big buyback. guess what? we have calpers top financial buyer here. her name is anne simpson and she is saying, in essence, good riddance. since he bought the stock back in august, it has jumped about 13%. i would venture to guess and, melissa, you're as good at
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guessing as i am, but his involvement inspired a significant move in the stock pause people look and see, oh, this activist investor's involved, he's going to get some action. melissa: absolutely. thanks so much, liz, thanks so much to you. that's all we've got for you. i hope you're making money today. be sure to tune in tomorrow, we're going to be talking to michelle gerard. here comes liz. ♪ ♪ liz: keeping up with carl icahn, essentially saying apple is doing the right thing now. is he really backing down? we're live with one of the largest pension funds in the country that says apple ceo tim cook and the rest of apple's team always had it right. and we're speaking with the world's largest asset manager about all this volatility and why you shouldn't run scared from stocks. the chief investment strategist of blackrock here to guide you and your money.
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