tv MONEY With Melissa Francis FOX Business March 14, 2014 2:00pm-3:01pm EDT
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starting your weekend in about 13 seconds here. have a great time. adam: see ya. melissa: wall street trying to recover after yesterday's selloff. looking ahead at sunday's ukrainian referendum. what it will mean for markets come monday. we'll get you prepared right now. get ready for today's throwdown. charles payne and jonas max farris fight out it over one of my favorite, target. settle in for this one. big story on mcdonald's. workers say the company stole their pay. this is newest battle of the wage wars. our panel will let loose on this one. this is my favorite. 3d printed jewelry worth up to 100 grand. need i say more? even when they say it's not it is always about money. melissa: it is the throwdown you've been waiting for all week. our very own charles payne has
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his bull's-eye on target. jonas max farris dares to challenge him. you both know how it works. you have to wait until the whistle blows. you have until the whistle blows, sorry. charles, let me start with you. headlines keep coming out about what happened over thanksgiving weekend. these guys knew about it earlier than we all knew. >> melissa, you and i already had this discussion before the scandal, before the scandal! melissa: true. >> walmart, here is my problem with it, i walk in the store, soon as i pull out the car, that giant big piece of plastic comes crashing down, breaks my ear drum. now driving the thing down the aisle and one wheel is always broken. usually front right wheel. i'm like the kid from the shining, run, red, run. i'm driving crazy not in the store. cashier are most uninspired people in the world because they work for a company not engaging anymore. used to be cutting-edge. no longer cutting-edge.
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then we start with the scandal. stay away. >> the jonas, he almost broke a blood vessel for two points. give it your best shot you. >> said walmart, all that stuff would be walmart times three. target runs nicer operation when it comes to cart quality you were crist sighing. -- criticizing. overall feel for the store. if you want to make a case for amazon over target, that's fine. you ever have a case where company had long-term damage. big sony playstation. huge hack. everyone's credit card number. millions of people. did everybody switch to microsoft xbox? no, they did not. tjx and marshal's. no one switched. >> i think the difference though these guys fessed up early. there was never this sort of conspiracy that the company knew. melissa: they knew on saturday, on the saturday of thanks giving weekend. >> that is my point, melissa, the other companies talked about they fessed up right away.
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they paid money right away. they were sort of contrite right away. what did target know and when did they know it? all of sudden this has become watergate. be honest with your customers. be honest with them. >> i think you underestimate the customer's long term impressions. other companies will get hacked. walmart will get hacked. >> that is the excuse? melissa: you know what this is? target has other problems. have you been to their website? 1997 called and they want their technology back. it is not a pleasant experience. unlike charles, to ahead, charles. >> after mizrahi, before target was target. there was a major difference between target and walmart. melissa: i still think there is, jonas, is there still a major difference. >> they haven't done anything unique. only thing is hip is nut aisle. they have neat nuts with the chocolate almond. melissa: the nut aisle? >> overplaying decline of target, overall business model
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and. melissa: the nut aisle. >> the hacking issue will likely bo away. the go credit letters coming away from breach letters. i don't know which company had a breach. so much is going on. not pin it to target. >> tell you this much, the street says they will make $4.77, next month, next year. melissa: i don't want to be the one, charles got a point at last second. it's a tie. charles, go back to the nut aisle. thanks so much. charles will be back in a moment to talk mcdonald's. i know you're worked up over that one as well. have some water or something in the meantime. dow and s&p crossing the unchanged line for the 32nd time today. market is struggling to hold on to gains as news out of ukraine and china are shaking investors. keith bliss is at the new york stock exchange. keith, what, i mean what's going on because volume is not light but we keep going back and forth over this unchanged line? what is sentiment like in your point much view? >> pretty obvious people are jittery.
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they're nervous what potentially could happen. the referendum vote in crimea will go through on sunday. from all indications russia will stand behind the referendum vote, transparent, legitimate, whatever the west wants to call it, game on monday morning. that is why people are really serving for direction. melissa: absolutely and i'm glad you bring that up because later on in the show we'll break down that issue and prepare people what they need to know to get ready for monday's trade on crimea. i think there is a lot of news out of china today. the chinese premier saying, warning of quote, serious challenges ahead. this is from a question who we think possibly inflates their numbers and puts a lot of good news out there. if they're warning about serious challenges when industrial production rose at its slowest pace in five years, yikes! that is cause for concern, right? >> yeah it is. the red lights have been flashing on china for some time now. people should have been paying attention. one of the biggest things you can do to gauge what will happen in copper prices. dr. copper does not lie about
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industrial production globally especially about china because china has been the largest consumer of copper over the last 10 years and forecasts are they will be. china is slowing down. they are not a emerging market economy anymore. they are a 6 billion-dollars behemoth inside the global economy. if they slow down that will affect all of us. that will be reflected eventually in equity prices here. melissa: keith, thanks very much. amazon is hitting the road and consulting with close ties to the company claims that amazon is unveiling its very own fleet of delivery trucks. of course that poses a significant threat to companies like fedex, ups, and ebay who are left scrambling to keep up with amazon's innovation machine. tech expert rob enderle joins me now. this is yet another wrinkle in what amazon's plan is. they increased their prime rate to $99. i can see why they're planning on having their own fleet of trucks though because the cost of delivery, expense to them went up a billion dollars last year. i think that was all me.
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i'm a prime customer. order a bottle of amazon and i mean bod bottle of aspirin and say send it to me free. >> there is something else hine this they plan to carry inventory in the trucks. when you order something ventorryed in the trucks they can drop it off much more immediately. gives them more rapid response time. no are 24 hours. not even same day. could be delivery for locations of ink or pens or things ordered commonly from amazon and can be delivered. this is much bigger. melissa: roving -- >> roving stores. like, very much. melissa: does anyone else do anything like that. >> no, at this particular point in time nobody does. only thing that clued us into they put out patent request on this activity. soon thereafter the rumor on the trucks came out. makes a lot of sense. pretty hard to compete with the economics of ups and fedex given the size of their facilities but
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if you can turn the trucks into something else, suddenly it makes sense. melissa: so do you think it is not about cutting costs then? they had the huge bump up of a billion dollars. >> no, it will cut costs but when you have companies the size of ups and fedex and the company already gone through consolidation, marginal cost using them virtually carrying your own fleet is relatively minor but if you control what the trucks do, if the trucks only deliver your stuff then you can do some really interesting things inside the truck you probably can't do using on track or ups or fedex. so it gives you a lot more flexibility. places where you've got a lot of density. i wouldn't expect them to say, use this stuff out in the middle of country. they probably still use ups and fedex. in city centers and areas it makes sense to have the rolling warehouses. melissa: yeah. >> that is where you see the hit first. melissa: they could probably fly some of those drones off the side of the trucks as well. maybe they don't need the drones
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if they have got the truck? well, if they ever do the drone thing. we started to get through the faa on that. we had a flower company try to roll that i think new jersey and didn't really work out all that well. they would have to put in place more regional centers. the range of the drones is pretty limited. you think about it you could have drones coming out. trucks. park the truck. deploy the drones to deliver in particular area. deliveries almost all at once. melissa: that would be amazing. rob enderle, thanks for coming on. we appreciate it. >> my pleasure. melissa: mcdonald's making more headlines today as it gets sued for stealing workers wages. the hits keep on coming. our panel is fired up and ready to go. some are selling for more than $100,000. we're getting a first-hand look. i can't wait. more "money" coming up. you mak.
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i ke prilosec otc each morni for my frzero heartburn.n. becat wohoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. melissa: mcdonald's just got served. the golden arches being hit by several class action lawsuits accusing it of stealing workers wages. another hit the company sure does not need right now. will this take a bite out of stock? here to chew it over, in today's "money talker", is a portfolio
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manager at crisper, and charles payne is back from the nut aisle. he has returned. he got off the nut aisle an came in for a mcdonald's talker. charles, what do you think of this one. >> it feels like a pile on. melissa: it's a pile on. >> but mcdonald's has some serious, serious issues. here is the good news. they have been here before and come back and did the coffee, did the breakfast and did a whole lot of innovative things.e technology. melissa: we have to interrupt you. we have breaking news. jeff flock is in michigan he just grabbed fiat chrysler ceo sergio mark can i even know. , what do you have? >> we have sergio marchionne with bob king. i have never seen do guys on either side of this who like each other so much. you and bob king, he is the new super bowl commercial you said? >> yes. cheapest answer. to the chrysler 200 advertising
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objectives is right here. >> bob king gave, bob, come on over if you would, very impassioned speech about this chrysler 200. you guys, i think in my 35 years of covering the auto industry, have a better rimm between union and management than i have ever seen. how do you account for that? >> look, there has been a change in attitude on everybody's part. i think once the bankruptcy happened in 2009, it was a day of reckoning for all of us. we realized competitive framework we were operating under. once we got through the initial discussions about how we come out of bankruptcy, it has been phenomenal very thoughtful process building a relationship and moving it forward. this plant and what it embodies in terms of manufacturing is not just a question of technology. none of this would have been possible without uaw because we are working in completely different way we have worked in the past. engage mane level here and in
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the plant is beyond anybody's expectations. we started seeing this when we refurbished jefferson. that was the first real live example what could be done and it has moved over now on to this plant. we've done the same thing in toledo when the cherokee was launched. we received exceptional response from the wrangler plant in toledo. so every installation chrysler runs in this country is running on a different template and different cycle. this is because of the relationship between -- >> said very positive things about first quarter earnings. what do you base that on? >> i don't think i said that today. >> yesterday. >> i was in geneva yesterday and somebody asked me what i thought the first quarter looked like and it was absolutely instinctive answer based on what i know what happened. we'll have to see, we'll release numbers end of april. but direction alley we should have a better quarter than we have. >> how soon can bob king start investing in fca stock on new york stock exchange?
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>> i have no idea what the conflict or rules are for uaw people. on the assumption that he has none i'm expecting him to be listed by october the 1st. i think they may slip by a couple months but it is not going to matter. i think we're going forward with the project. we should be there by end of the year. >> real quick on the gm recall. i know you don't like to capitalize on anybody's difficulties. but you saw what happened with toyota there was opportunity there. >> i don't wish that event on anybody. i tell you my thoughts, i don't mean had in spiritual sense, i understand mary's position. these are different cull times. i'm sure because of her experience at gm she will be able to navigate through this process carefully, diligently with the right answer. but it is not pleasant. it remind all of us for the need to be incredibly watchful and on the piece. i'm not suggesting that she wasn't but if these things, if they do happen, could have a devastatings impact on our
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organization. i sincerely hope and i'm sure it won't impact how gm operates going forward. >> sergio markopolos. thank you very much. obviously a lot of people want to talk to sergio marchionne. when he speaks, people listen. melissa: jeff flock. thanks so much. great stuff. he was talking about the quarter and how it is looking stronger and very carefully tiptoeing around the gm issue, saying it remind you of a need to be watchful. that is really interesting breaking news. get back to the mcdonald's issue at hand here. lisa, let me ask you. what is the likelihood these folks will prevail with their lawsuit? >> i think there is good likelihood they will prevail and i also think in this case, and as you were saying they could hold the golden arches in. there is a claim that they're providing software to these franchisees in order to teach them how to have people log in and log out to save money. so as mcdonald's is now -- melissa: in a way, there is necessarily something wrong with that? >> well it would be necessarily
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something wrong if they're infringing upon the wage hours of a person, if they're saying that, now, we have people that are working full-time and we're preventing over time by allowing them to log in and log out. so that could hold them in. that could make this a deep pocket case. melissa: chris, as an investor it makes me feel like once again we're not talking about burger king. we're not talking about taco bell. we're talking about mcdonald's. they are the one taking hits again and again. not jpmorgan anymore. it is mcdonald's. would you run, no matter how much you believe in it as a business would you avoid it for a while? >> i absolutely would avoid it for a while. charles said they seen these things before. i would argue this is very different before. attack on breakfast. starbucks coming on strong. number of companies reinvigorating their menu. mcdonald's is not really innovating anymore. they're kind of being left behind. melissa: charles, do you agree with all that. >> i do. too early to force issue. they have a new ceo. he is under a lot of pressure as
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well. melissa: is it fair they're the whipping boy? >> that is what happens you become number one for a long time and you become a target. they reinvented themselves and had a heck of a run. they can reinvent themselves again. it is all food, all burger. lines in new york city for innovative burger joints. melissa: it is true. what people don't realize 90% of mcdonald's are owned by small business owners, fran cheeseees. it is not big bad mcdonald's. individuals own the restaurants. thanks for waiting for that breaks news. new reports that the death toll from recalled gm cars could be higher than anyone thought. we heard the ceo of chrysler talk about this issue. how will the company, how will gm manage the cost. the latest use for 3d printing. i'm totally behind this! jewelry. we're getting up close and personal with the pricey pieces. i can't wait. do you ever have too much money or too much jewelry? no way. announcer: where can an investor
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melissa: important headlines are crossing right now impacting the markets and the white house. want to go to straight to nicole petallides on floor of the new york stock exchange. what are we hearing nicole? >> what is interesting, melissa, we're getting headlines that the white house says the united states stands ready to respond quickly should crimea's referendum goes forward on sunday. goes on to say the white house quote, regrettable that russia has not chosen to deescalate tensions in ukraine's crimea region. earlier we heard from the estonian defense minister. so this has been obviously the ukrainian crisis, the tensions throughout the week have weighed on our markets here at home. right now the dow jones industrial average is just
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basically flat, up about one point. the lows of the day, 16,059. so we're not at the lows of the day but certainly obviously a top story here that is developing and this is what brings uncertainty to our markets. melissa: absolutely and you see the uncertainty because we crossed back and forth into positive and negative territory more than 30 times today. later in the show we'll break down the exact issues of this referendum on sunday to get you ready for the trading day on monday. so you don't want to miss that. nicole, thanks very much. for all you guys ready to put a ring on it, an unbelievable new option that could save awe fortune. customized gold and silver jewelry hot off the press of a 3d printer with half the price. an american pearl right here in new york city's "diamond district" right down the streight is at the forefront of all of it. we have the ceo of american pearl. you're printing diamond out of your printer. is that what is going on? >> if i was printing diamonds i
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would be trillionaire. melissa: i love that idea. tell me how the price sis works. >> if you go to american pearl.com you can choose from thousands of different designs, millions of gemstones, millions of purities. melissa: you have some gems to show folks. >> these are sam pals here. melissa: how is 3d printing to make this particular jewelry here. >> we use 3d printing behind the scenes this. is not something you do at home. melissa: i was planning on buying the printer and making myself a giant diamond ring. that will not happen? >> no that wouldn't work. you customize the metal color, metal purity, add your own gemstone certified diamond. our software output as file. we take the file and it goes to a 3d printer. once it comes off the three deprinter, we get a wax model of the piece and make a pour of that, and precious metal into the mold and manufactured using
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traditional methods. melissa: you're printing the ring before you even get it, whatever piece of jewelry it is so you know exactly what it will look like and exactly what you want. how does that cut down on cost? >> basically the jewelry industry has not changed in many, many decade. jewelers at the bench taking off the shelf parts and welding them together. now with 3d printing we have exact mathematical model of the piece that we're going to 3d print and you get a precise, beautiful -- melissa: what it cut the cost in half maybe? >> 1/3 to half what you find at tiffany or cartier. melissa: the printer is $45,000. that is big investment. do you own one? you own more than one? >> we use a bureau for the printing of the model. melissa: so, in the final cost, i know cost of production is about half. then to the public, how much can you expect to save? >> you know, off of the retail price, it is, i would say 1/3 of what you would find at tiffany or cartier. melissa: eddie, thanks for coming on. i appreciate it.
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leave the jewelry what you go. perfect. coming up more safety concerns over gm vehicles. now a watchdog is saying faulty airbags could have cost even more lives. not everyone is convinced about this report that has been out this morning. plus, it is the job you consider leaving your wife and kids for. i got to tell you. we're speaking to the company seeking one lucky candidate to take the roll of a lifetime. "piles of money" coming right up [ male announcer ] this is jowoods' first day of work.
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and his new boss told him two ings -- cook what you love, and save your money. joe doesn't know it yet, t he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game om the great northwest. he'll stt investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, ich isn't rocket science. it's just common sense. from td ameritrade. melissa: we have seen a lot of nervousness going into a positive and negative territory more than 30 times. the white house is making a statement about a quick response of crimea decide on sunday to align itself, the white house has promised the quick response.
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even though we have a lot of volume out there, in positive and negative territory. herbal life, andrew king and the cme, these traders are reacting to the fact that herbal life, the oldest shareholder meeting on april 29th to continue discussions with carl icahn. what do you make of all that. >> it was up $1.50. it sold 10% the day. is way off of the top laughs but supported resistance, we should see these coming into the market at the $50 level. we have a case with the government, the government, the ny as well. it will take a very long time to pan out. is back to $30. it is going to take a year or two, but it will eventually be right. i talked about this last week on your show. melissa: thank you so much. the new report locking the gm
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recall, by friedman research. it could be as high as 303 people. one motor vehicle safety expert, as president sean kane, barron's editor, this story. because an airbag did not do what it was to do they are trying to link this to the ignition problem. to you by that? >> the reporting is linked and that is not accurate. using the fatality of data, record setter based on police action reports, there appeared to be 303 incidences in which crash involving the subject vehicles and recalls and fatalities in the front seat, the report to the third doesn't
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say is linking them to the ignition switches that is the jumping off a point where you can determine -- cheryl: so we don't get into the weed you say headlines we have seen in the new york times, the l.a. times making this field instead of 12 or 13 deaths will we're talking about is 300. you think that is overblown? >> i don't think the reports accurately reflect what the report says. the report simply says look at the fatality data, there are hundred 3 incidents when the airbag deployed. this investigation is that simple. melissa: does it indicate there's a pylon for gm? >> looks like there might be. when i saw this breaking last night i thought this is awful for gm. the market as usual surprise us. the stock is up in a flat market which suggests they agree with your guest but so far there hasn't been a definite link between these things.
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there is a logical link, ignition shuts off, electronic device, and that doesn't work, that makes sense but we may be oversimplifying. >> we could find some of these are linked to the other problem. doesn't mean it is 303 but it could be higher than 13. >> unequivocally we will find it. it is above the 13. the issue is going to be when you start looking at the data, you have to link it to this problem. there were other issues that may cause non deployment, detections sensing, other sensory shoes and factors that determine whether an air bag shooter should not have a deployed but ignition switches can affect that. what has to happen next is investigating each of those crashes, examine the photographs and getting any event data recorder information. melissa: in the grand scheme of things if there are investors
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watching how deal about the stock in light of everything going on. this is a company that obviously suffered greatly during the financial crisis. in the midst of a come back they are being hit with this. does it feel like just the beginning them? >> general motors appears to have made a crucial error in responding to any crisis. they didn't get in front of this as soon as they started to realize they had a problem. that said this was pre bankruptcy, we are talking about names and places that don't exist anymore. these are older cars. not like the toyota issue where they are selling cars people thought might have this acceleration problem. gm is not in the situation and given where the stock is and current market reaction, yes, we could see other problems and headline issues like this always can hurt a stock. at the moment from the evidence i don't see anything awful. doesn't look like a disaster.
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melissa: appreciate your time. the missing malaysian's fight hasn't been found, may not be as surprising as you think but experts say this is turning into the most expensive search in history. wait until you hear the numbers. we are talking to a former faa crash investigator coming up. at the end of the day it is all about money. ♪ [ male announcer ] you're watching one of the biggest financial services 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. [ male announcer ] by meeting you more than halfway. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis.
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ashley: ashley webster with your fox business brief. quiz those filing for chapter 11 bankruptcy protection, planning to lower the debt by $400 million. almost all of its 2100 restaurants are independently owned and they operate normally during the reconstructing. in early march slipping to 79.9, the lowest reading since november. the times and reuters university of michigan index was below expectations and down from a february's 81.6 final reading and general mills warning on profits ahead of next week's report, the makers of cheerios says a dusted feared quarter earnings may come to six $0.62 a share. analysts looking for profit of $0.68 per share. general mills says it is facing increased competition from storebrand food. that is the latest from the fox business network giving you the power to prosper.
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the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. melissa: amazing malaysian airlines flight grouping people around the world. teams from 12 countries still looking for any sign of the plane. weekly in in -- instantaneously, and here we go, former crash investigator for nt essay and the faa a is dr. alan geo and former deputy assistant
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secretary of defense peter brooks as well. let me start with you. one of the reasons people are so invested in this story is the fact the we have so little to go on. we feel like in this day and age everything distract, there's a photograph of everything. as an investigator is it shocking to you as well that we know so little still? >> obviously it is an unusual situation. none of us know what happened now. that had some ideas about what should be happening. doesn't seem to be coming off and the short version of it is malaysia needs to ask the u.s. navy for a fleet or a squadron of p 3 submarine reconnaissance aircraft to look for those. we only have three weeks of battery life yet. we only had one piece 3 and one p 8, and reconnaissance airplanes. we need a lot more given the wide search area.
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melissa: given the wide search area when you look at the cost of this search in the long run, finding the black box for air france flight 447 cost $50 million, twa 800, $29 million would some i saying this could be the most extensive search of all time. do you think so? >> that is certainly a possibility. this has gone on for a week already, without knowing what happened. we have over 100 ships and aircraft already involved in the search and then there are things people don't think about, intelligence assets held satellites from a number of countries can the ocean, and intelligence types that are looking to find out if there is any intelligence or television chatter in case that is one of the possible reasons for this tragedy. melissa: is it possible the government or one government in particular knows a whole lot
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more and is not sharing any of it? all these fees about the plane being hijacked and being somewhere. is there a possibility they're communicating with someone and it is being kept secret? >> is that for owl or peter? go-ahead. >> >> as i mentioned, people are trying to figure this out from intelligence angle, looking for intelligence or terrorism chatter on the internet and other places. it would be difficult to pull that off but certainly not impossible to keep this -- there might be some deep, well thought out what that is going on beyond -- something that belongs in a spy novel or terrorist sort of thriller. >> is it possible the government snow lot more than they are telling us? >> that is always a possibility,
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but quickly, melissa, back to the cost, even if this costs tens of millions which almost certainly it is going to be expended here. billions of dollars are riding on this. boeing brought out a new version of this aircraft called the triple 7 x, and a lot of airlines looking at whether they want to buy this aircraft or just hold off. if this thing leaders for months and years it could cost literally billions of dollars and many hundreds of jobs in the u.s.. melissa: the new york stock exchange looking that aerospatiale. >> the team retailers under pressure today and like many teen retailers we have seen fickle scenes, shoppers coupled with a cold winter which has had a lot of retailers. aerospatiale is down 18%. then another story goes on with aerospatiale and that is
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sycamore partners with a 5% stake of shares of aerospatiale and managing director on the board of aerospatiale and the right to add another board member. we see this stock. it is a tough day and this year is down 30%. melissa: you can see it down 18%. you can see it taking. liz claman is up next with the closing bell. what do you have coming up? cheryl: you broke the news that washington is going to be, quote, ready to proceed if there's a referendum in crimea. you know that will happen overseas. this is an issue that may affect the markets in the final hour of trading. everyone has to stay tuned because there are defensive plays. a supersmart contrarian, this guy is never short of a strong opinion. he will talk about these commodities, interestingly
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enough commodities are getting hurt today. stay tuned. he will talk about that and the gm round table and more on the breaking news in your show about chrysler. >> the one where you have to take a yearlong luxury trip around the globe, meet a man who is doing the hiring. he is going to tell us who e is looking for so that you can get this job that is coming up next because you can never have too much fabulous travel.
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money. the stock is surging since john malone lost his bid for radio company serious acts them. the stock is up. this is the biggest individual shareholder in liberty with 1.6 million shares so wait for it, $16 million so far today. nice step for the weekend. also making money broader family actress launching a new fragrance that is likely going to generate $25 million in the the first year. pecan add that to her $30 million a year portfolio she already has in place without pads just to name a few, she talks highest paid tv actresses. spending more than ever before, americans, the first record, $56 billion on free companions last year including $20 billion on food, $14 billion on pets.
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the pet industry has been growing 6% every single year since the mid 90s. i would take that one. time for a little spare change yesterday. we told you about a job listing or the best job ever. two companies are joining forces to hire one lucky employee who just has to take at $1 million trip around the world. in the top most luxurious resorts for year, sounds like a rough job. one of the men behind the surge is the first, very first two. he is live from london. thank you for joining us. my whole staff has applied for this job and maybe i did too. what i you looking for. what do you want the person to be like? >> they have got to have a
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passion to travel. they had to be lucid and erudite and the discerning. they need to distinguish between of pillow filled with goose feathers and a pillow filled with duck feathers. melissa: how can they demonstrate that an application. to buenos aires and miami, the ski resorts, what could they say to you to make you feel like this is the person who can tell the difference between two things, one that is fabulous and one that is almost fabulous? >> that is the challenge we have such. we are asking them to apply for through theveryfirst.com and in 65 words provide a compelling reason why they should be
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chosen. melissa: so many people log on to do this that your web site went down. >> we only broke the news 24 hours ago. and we already have over 6,000 applications. we have had way over 100,000 visits to the sight. this is proving a rather popular position. melissa: you have your work cut out for you. tell you wade through all those? >> absolutely. together, with the luxury travel intelligence resources l p i, luxury travel intelligence, have a team who will be through a day and night sitting through initially 65 words but also attached resumes, and they will -- it request for a number of short lists. melissa: you have to take that
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mean photograph. i don't want to be greedy because i would take this job for free but does it pay anything on top of the fabulous travel? >> no it doesn't. the individual couple must be of independent means, they must have nothing that is relying upon there retention elsewhere. all their expenses are covered but there is no salary. an incredible $1 million vacation. melissa: i am sure you don't need to pay people. people would pay you a little. good luck to you and great p r. my hat is off to you. looking ahead to what could be a major market mover, the ukrainian referendum could directly impact you from wall street to main street. we will tell you why. stay with us. you can never have too much travel. or retirement. but when we sta worrying about tomorrow, we miss out on what matters today. ♪
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melissa: big move in the ukrainian crisis this sunday. the people of the crimea region is voting on whether to assert independence from ukraine or become part of russia. here to break down what this could mean and the potential cost is military expert jonathan gilliam. we heard in the past hour the white house saying they were going to react quickly to what goes on on sunday if crimea decides to align itself with russia. what does that mean? >> we can look at what that means by what they have done in the past and if you look at syria for instance and the reaction of our administration has, is diplomacy first and diplomacy second and diplomacy third. melissa: so that means talking? >> i think so and will try to do sanctions but they're dealing with a man who is not a mad man. he is a former kgb operative, intelligence operative. vladimir putin has a plan and he has a plan that is already going forward and that is evident when he put troops in crimea before
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the referendum. melissa: we have seen the market, we're looking at the dow ended is down 43 points. we has seen a lot of this happen in the last 10 or 15 minutes or so. traders are nervous what they're going to be facing as they come in on monday morning. do you think crimea is going to vote to go with russia? >> it is a no-brainer. melissa: the strong, quick reaction will be just talk? >> it will be just talk. we are not going to war with russia. i think the markets can scale back their emotional response to this and realize the coming weeks ago and to be more telling than the referendum. melissa: what could happen in the coming weeks? >> led rick and his notorious for going in and pushing back and keeping the land. there's a good chance it may bleed over but we come -- when it come into a full-scale war. melissa: we appreciate your insight. this is something liz claman will be digging in on to get you ready for the weekend and the last hour of trading. i hope you are making money
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today. we will see you back here on monday at 2:00 p.m.. countdown starts right now. liz: general motors's pr nightmare got worse. more than 300 people have reportedly died in crashes where air bags failed to deploy properly. where is the guy who was in charge when this all began? how will gm handle the growing controversy and what can gm learned for toyota's accelerated scandal in 2009? the ukraine crisis casting a shadow over stocks. a critical weekend vote on crimea close russian military maneuvers raising fears about what happens next. looking for ways to protect your money. "countdown to the closing bell" starts right now. liz: i am liz claman. the last hour of
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