tv MONEY With Melissa Francis FOX Business March 18, 2014 2:00pm-3:01pm EDT
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money. melissa: hey, guys, we have a jam-packed show with the "wall street throwdown with charlie gasparino to a "money talker" about the year of the activist investor backlash. icahn, einhorn, pells. watch your back, guys. one business owner spent a fortune to get a visa but hasn't created enough jobs. he may get kicked out of the country. we're going to austin with the first gun store with it own first bitcoin atm. even when they say it's not it is always about money. melissa: the first fed meeting under janet yellen starts today. she is schedule to speak around this exact time tomorrow. we'll be all over it. here is what wall street is it is wondering. will this spur market chaos or can yellen calm the waters in stepping up for today's throw down, fox business's very own
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charlie gasparino and cm e-trader, larry shover. let's get started. larry, you think janet yellen could be calming to the markets. >> i absolutely do. that is what we're having a rally today before above and beyond everything else. right now she understands, she is very disciplined in her approach. she cares about price stability. with that in mind she knows she has to switch from quantitative to qualitative. it will not be easy but the market expect the her to come up big tomorrow. melissa: what you do i this, charlie? >> janet yellen is like the heroin dealer who gives extra heroin to the junkie which is the market right now. so if you're saying whether the market's going to be calm with this, i grew up with people that partook in heroin. melissa: really? >> yes. and when they did a shot of that stuff they felt a lot better. here's the problem. i don't know qualitative, quantitative easing, what we have right now is a taper on the quantitative easing that really doesn't amount to much and the
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problem is, is that we need, we need some strong medicine. people like my guest on the other end need to take some massive losses. the market need to go down. we need to start of establish a sort of framework where we're not devaluing our currency which is what we're doing right now. melissa: larryry, do you agree with that? >> not totally. >> i don't expect you to. melissa: not supposed to. >> although, over the next six to nine months i am hoping that we see a retrace mane in the dollar but right now we're not and indicative in the yields we're seeing. we're seeing reversal in real yields to 2.69 where we are. to charlie's point being a heroin dealer. keep in mind janet yellen is between a rock and very hard place right now. she is trying to create price stability and she can't do it. when she has got the white house and everybody else in congress and senate working against her. >> with all due respect to janet yellen, she is supposed to be independent. the fact that she is not i don't
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blame the white house. melissa: right. >> i will say this we're vent you aring into very dangerous character or very dangerous territory. we have a fed chairwoman is essentially ben bernanke on steroid. she is the king of all heroin dealers. if you're worried about the country going forward, you're worried about the economy, you're worried about people's savings this is somebody that is very disasterous. we should point out, you know, when you, when you enter into a situation where the fed isn't really cutting back on long-term rates, they're not, they're tapering but mildly. when they're telling you they will not raise short-term rates, guess what happens? people go out and buy the puerto rican bond deal, okay? buy something based on yield. melissa: they reach for yields in dangerous ways. >> reach for yields in dangerous ways. that is what happened in 2006. i'm telling you janet yellen will make it happen now. melissa: charlie is killing you here. are we setting up for disaster or getting killed? >> we're seeing something different here. we're seeing taper having a
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great effect right now on banks. we're -- >> great effects? they're not even lending it out. they're not lending it out. >> they used to go after conservative long-term loans. we're seeing a lot more loans defer. [whistle blows] melissa: i don't know. charlie won. i feel like my money is about to get hammered. >> talk to small business owners. they will tell you how much they're learn to. melissa: charlie, back here in a moment. larry, best of luck. we'll have all the breaking fed news at 2:00 p.m. we have all-star line up, steve forbes, ron paul, michael cox and stuart varney just to name a few all here to take us through the fed hour. we want to see what is happening with the market right now. strong day for markets. we're seeing lots of green on the screen. take a look at that. mark newton down at the new york stock exchange with more on this one. mark, pretty strong rally out there. what do you think? >> definitely seeing some follow-through. that is encouraging. health care, technology, even energy participating which is
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real rarity these days. melissa: is it temporary given we have this meeting tomorrow? >> i don't think so. people put way too much stock in terms of fed meeting the way the stocks go in the short run. nobody expects anything different with the tapering. more forward guidance. melissa: if she changes her language on forward guidance will that have an impact on the market? >> people agree nan newsily you need a bunch of factors to look at not just one thing. to go from quantitative to qualitative makes a lot sense. if they learn anything about the administration red lines are not certainly a smart thing. you want to look at more quantitative approach. melissa: how are you setting yourself up. how are you settings yourself up for the meeting? >> if you're long yesterday i think we push a little bit higher. i see strength in technology, particularly the russell. a small caps are leading market overall. one thing i'm looking at which is dollar-yen stipping a little bit.
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treasury yields likely not do anything. looks like this move is decent and we'll probably push higher and test highs. melissa: mark, thank you so much. you see the nasdaq having the biggest percentage rally on a percentage basis. i want to point that out. the white house strongly condemning president vladmir putin's decision to formally annex crimea saying the u.s. will not recognize any russian action. at the same time vice president joe biden is warning moscow that the u.s. and europe will impose more sanctions on the country. we'll bring in fox news contributor steve moore. steve, i would add one more wrinkle to that. putin signed the treaty but does not plan to seize anymore territory. he is good. he is full. he has enough on his plate. he is good. do you believe him? >> well, i mean, look, why not keep what you've got. the real issue here is whether crimea and the ukraine are going to be independent. and this is a real question. everything that has happened so far, i thought the speech that
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the president gave yesterday, announcing that the sanctions was like the monty python skit. hit them with the soft pillow. i don't think this has any material impact on what putin does. i think this was a sign of weakness. and its tile to get really serious about hitting russia where they live, which is with respect their energy resources. >> so what does that mean? when do we do in that sense? >> i think what the president should have announced was a series of steps. for example i think we ought to start announcing i am meet, we'll start building lng terminals so we start exporting our natural gas the we ought to repeal any laws, there are a bunch federal laws on the book -- melissa: will ha have any impact? >> that is very fair point, melissa, but you know, you start, it send as signal, it sends a signal that we're going to start getting serious about exporting our oil and gas. i mean if you really want to hurt putin, what you do is start flooding the world with cheap
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oil and gas because they can't survive as a nation in that case. and i just think there has been no kind of energy response to this by the way, right now as we speak, you've got these whacko environmental groups holding press conferences saying no to pipelines, no to lng terminals and this is a foreign policy issue, not a ecological issue. melissa: some said our only real weapon is energy. here we are sitting in the middle of an energy revolution in the u.s. technology gives us the ability to frack all of this natural gas and extra oil. do you think washington sees it? do you think they're putting those pieces together? that that is our weapon? >> you know, i think, i agree with you. it is totally obvious -- melissa: super obvious. >> it is both, in our interests as natural security and economic security issue. but you know what, you've got a lot. by the way the reason the president doesn't want to build lng terminals. is the same reason he doesn't want to build pipelines. they don't like fossil fuels,
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melissa. it comes down to that he is much more likely to listen to the environmental defend fund than unions and other people that want their jobs. melissa: we got to go. steve moore, you're great. up next you might say this is the year of the activist investor. if so is next year setting up to be the year of the activist investor backlash? charlie gasparino sticking around for this "money talker." a huge vote to split off from its country. i'm not talking about ukraine. wait until you hear what is happening in venice, italy. more mon any coming up. -- "money." (vo) you are a business pro.
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melissa: help icahn, lobe, oh my. everyone suck at that about how 2014 is year of activist investor. does that mean next year is the year of the assault? should investors prepare for a backlash? back for our own "money talker," charlie gasparino. we have fobs newt contributor jonas max farris. this is my first thought, ackman gets sec to go after herbalife. i'm thinking when you cut loose that dog, be careful because it may turn around and bite you
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back. what do you think. >> yes. i agree with you 100%. we reported on fox business network two days best story came out on "the times." "the times" put it together very well, all the political pressure is he putting on various entities to launch an investigation. it paid off. the ftc done the one thing that no one involved in herbalife wanted them to do, investigate the company as a pyramid scheme. even before that we were hearing rumblings that the sec, securities & exchange commission might actually look into some of their tactics. you know -- melissa: herbalife or ackman's? >> activist investors. melissa: all of them. >> all of them. i think one of the problems they have, and i know carl pretty well, one thing good about carl, he is pretty transparent what he does, the thing about ackman which is interesting, what caught everybody off-guard, how much political pressure he used to move a stock. remember the stock was down 15%. melissa: doesn't come back to bite you in the ass so to speak
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when these people turn around on you. these guys are long and loud out there in the market. >> all about the fact we had a bull market. they have been able to cause a stir and stock prices, everything is going up. then these activists have been able to check out and make billions of dollars but as the market comes down, we see a little more volatility, really invest, investors and investment complex is a big fund will really be upset. cost as fund a lot of money. melissa: jonas, you're furrowed. looking at the brow. >> this term activism, when did that become the term. melissa: what would you like to call it? >> they're insider traders. they're taking positions -- >> they're not insider traders. >> they're creating their own -- >> as bad as they're doing they're not violating inside trader laws. >> news report printed in business week in advance somebody would acquire shares. because they're ones buying shares. >> that is not insider trading. >> right. they're making their own news. >> that is not insider trading.
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>> whether do illegal thing to manipulate a stock, do a risk of profit that is all they're doing. >> that is not illegal. >> that is not illegal -- melissa: it's a game and go out and talk about. >> they're doing financial engineering. pay out a different end did. buy more shares. how will this improve a tech company's future. >> that is why there will aback lash to it. >> i think some of the stuff they have done is very good. i think it was very good carl did with apple. i think they had too much cash on balance sheet. ebay he did great. but here's the problem. the problem for activist investors is what ackman did. i hate to lay it all on bill ackman. the fact when he did, pulled those political stunts, hiring lobbyists -- melissa: that is not illegal either. >> not illegal. when i talk to really sophisticated investors in the market they say that's a turning point. that is where regulators get scared at sec. >> i can prove to you why it is bad to shareholder. if you are a shareholder rather find out carl icahn bought 5% of
quote
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your company you already owned or warren buffett? because warren buffett is long-term investor who has a plan for the company. these guys are trying to manipulate short-term trade. >> buffett's is not crystal clear. remember what he did with the steel company, lubrizol. remember how he bought the stock when one of his inside guys. melissa: told him about it and -- >> what are you talking about? >> backlash is -- >> that is the one you know. >> interested in long term fundamental growth. >> that is one you know. >> he was activist, all big mag money. hedge fund and -- >> warren buffett came out with a statement -- >> now the backlash is going to be they're all go private like dell because they don't want to deal with the nonsense. melissa: we'll leave it there. very spirited. from the u.s. to every corner of the globe money is flying around the world. starting with italy where people of venice are voting to break away from the government in rome. an online referendum in northern
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province is giving 4 million residents the option of going it alone as an independent republic. this is one of the wealthiests provinces in italy. charlie is probably from there. >> southern italy. melissa: more than 60% of its residents are in favor of cutting ties with the rest of the country. but alas the referendum's results will not be legal lie binding so what is the point? over to zimbabwe where the president is unhappy with his $5,000 a month salary. he is demanding a pay raise, despite spending $5 million this month on his daughter's wedding. sound modest. that is what a wedding cost, right? most civil servants make 500 bucks a month. many might not even be paid at all in the coming months as the official coffers are running dry. landing in north korea where caesar's entertainment has been given the green light to build a $2.1 billion casino. it will be the first
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foreign-owned gambling project. up against 17 existing homegrown competitors. good luck. coming up the next phase of cyber attacks of the did you know that the vast majority come from within a company? first data's frank and guy girilli are here to scare with you more stats. one business owner came all the way across the pond, plunged down half a million dollars in a business and now may be sent back by our very own deporter-in-chief. do you ever have too much money? we'll be right back.
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because the new ceo will have a presentation on march 27th. his first as new ceo. the reports are that they will now inveil a version of microsoft office for the ipad. you know, melissa, analysts suspect that 2 1/2 billion dollars in revenue per year have been lost because the office has not been on the ipad. so obviously this could be a very big, great news for microsoft and that is why the stock moved to multiyear high. the high today, 39.90. back to you. melissa: nicole, thank you very much. turning to the growing problem of cybercrime, if you have credit card access and health insurance you have a target squarely on your back. it is 100 billion-dollars problem in the u.s. alone. w hack attacks increasing dramatically in number and scope, the search is on for a solution. we have the chairman and ceo of first data. we have the first data's president. gentlemen, thank you so much for joining me. you put on a heck after seminar today, talking to people how
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they can protect their customers, protect their credit. where does the threat come from the majority of the time? this is what surprised me, one of the things i learned today. >> a lot was talking about insider threats. you heard us talk before, melissa, about patrol the perimeter, surveil the interior. i think it is very important for everybody to understand that insider threats are a real threat and maybe the thing that can be protected against the most. melissa: the thing thaw really need to watch, guy, everybody is focused what happened in the target incident. and, when it comes down to it, a lot of times it ends up being an inside job. there was something going on the inside to get it started, to let the outsiders in. how do you tell companies to protect themselves? >> there are two important points here. first you have to have ways to protect against these things happening and you have to have great ways to detect what is going on. you have products and solutions that allow to you encrypt information that comes across
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from credit and debit. melissa: what are you looking for when you say detect what is going on? looking for abnormalities and normal patterns? for average person with a business what are you looking for? >> you look at abnormalities. study data and look at information that goes through on everyday basis. you study and look for abnormalities. the way transactions are occurring. the way information is moving around your organization and the way people are operating inside your company? melissa: is the threat to better look inside first and or how do you organize it in your mind? i think you have to do both and surveil the interior and look at tools inside and you have to build preventativeness on the outside. we spend a lot of time at first data building those tools. we spent time today on a symposium bringing together and we think that is our job to be a grand collaborator and bringing merchants and financial institutions into technology. guy could talk more about how to prevent and how to help.
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melissa: yeah. so how do you prevent it? now everybody is thinking chip and pin is the answer. >> right. melissa: is that --, you chuckle as i say that? >> i only chuckle because there are things you have to do along the way. like it to take care of your body, rest, eat healthy. technology against payments. the concept is create layers of defense. encrittransactions. use tokens to have secure vaults. if somebody hacks into your environment or tries to steal customer information or transaction energy, it is garbage, it is encrypted information which has much less value on the street. melissa: for consumers, are they safe anywhere? this particular incident was going into a store at a point of service. >> right. melissa: you're online, typing your stuff in. restaurant you're letting somebody walk away from the table with your credit card? are you more in safe ordaininger than somewhere else? >> bottom line no one is immune to this problem. not that no one is safe or no one is immune you ever to take measures on everyday basis to
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guard against these type of crimes and make sure consumer information is in good shape. melissa: frank, i have to ask you before you go, are you going public anytime soon? a lot of folks wonder about it. are you thinking about it. >> we're thinking about running company right. we're working hard on that. you saw us today in action. it is a new first data, we are building a lot of tools and products. for to us keep growing. melissa: it's a hot ipo market. you're backed by kkr. you have got to be thinking about it. nice answer, guys. thank you so much. appreciate it. before we head to break, check this out. you're looking at video of a protest in the empire state building in new york city. but protests have been organized in 30 cities across the country. more of the wage wars we keep telling you about. today brings attention to practices organizers say are deceiving workers and keeping them from the full pay. remember we told but this last week. protesters are fighting for higher pay up to $15 an hour. we'll keep an eye on this one.
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next up, you will hear from someone who came here and paid into a program to get a visa but he hasn't created enough jobs yet to stay. maybe sending him right back. listen to his story. very interesting. tweet me and tell me whether you think it is fair that a business owner be deported. the flip side of that is you're buying your way into the country the other way. it's a big debate. what goes better with bitcoin than guns? we're taking you to the first gun store with its own bitcoin atm. listen why the gun shop owner thinks he needs this. "piles of money" coming right up. we'll be right back. so i can reach ally bank 24/7, but there are no branches?
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news on that saying it was a minor medical issue. statement saying they -- resuming his schedule. let's go to nicole petallides on the floor of the stock exchange to see how we are reacting to this news. >> reading a note from carl icahn. let's take a look, the dow still holding on, up 109 points, not reacting, being treated in hospital in mexico city as you noted. this is something that is breaking, the markets are not reacting. i want to talk about a note from carl icahn, has put out again, it is entitled the venture will be the truth will come out and this is all about lionsgate revealing information and to his point he was very vocal on ebay and ebay should ace enough paypal, and a couple of board
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members, and there are a lot of issues with ceo john donahue and he says this brings in the case of ebay, board members and advisers may be using tricks and technicalities to keep documentary evidence out of the hands of stockholders but eventually the truth will come out at the pointed to lyonsgate. melissa: we talked about the activist investor at the start of the show and this is incendiary even for carl icahn. nothing stays buried for a long. eventually the truth will come out. interesting to watch this on that and see how it moves stocks. thank you so much. jobs and the lack thereof a huge topic right now. our next guest came to the u.s. as part of an investment these the program the idea being if you spend $1.03 ten jobs in the u.s. you can stay. now he could end up being
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deported to the u.k.. the founder and president of holy cow al lc, i want to tell people more about your story. so you were the chief financial officer for was amy's cookies, sandy's cookies that were sold to frito-lay? >> i was director of pretty much the cfo overall. which was an entrepreneur real business when i joined it. we grew that tremendously, very good success story. at the end of that, we sold to frito-lay on pepsi and what was a very successful deal, i thought things could done very well for me. it brought on a lot of interesting immigration issues. melissa: you paid $1 million in taxes on that realization, wanted to stay in the country, starting the pena company called
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holy cow. you have $300,000 in sales, your product is sold in 600 stores. in spite of all this you may be deported because as the law goes, you come here on a visa and invest $1 million in a place that doesn't have high unemployment or $500,000 in a place with high employment and create ten jobs and you are allowed to stay. you haven't created those jobs so you may have to go back. do you think that is good for our economy? >> if i succeed in business, i can accept what happens at the end of the. what is hard to think about is at the end of it if you don't succeed and even if you succeed but not enough to create ten jobs you actually lose your status and have to start again on the whole immigration question. i don't think it is fair and i don't think it is necessary. i don't know why we have that law in there. just means we of really punish
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the people who don't succeed in business which is a pretty tough event anyhow. a lot of unnecessary pressure. if i don't succeed in this company i have to move might family or leave the country. melissa: this is a way to buy your way into the country, that you could in theory higher eight people for serving period of time and be able to stay and inspire them later. what do you say to that criticism? >> in my situation the money isn't spent. we have to create a business and actually have it work. people have to refocus, look at this in a bigger picture and say what are we doing here? the business in the competitive arena sure you want to attract investment into the u.s. we bunt job creators and people who start companies and entrepreneurs and people with entrepreneur real spirit. if they don't succeed in one venture doesn't mean the won't succeed in the next one but shouldn't we honor the people who try to make a difference?
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melissa: thank you for sharing your story. good luck to you. let's bring in the director of research for the center for immigration studies, dr. steve, what you think of what you just heard? >> an interesting story but you have to remember this program is a tiny little part of the immigration system. you can come in on one of the other ones, a million permanent green cards. melissa: on the fairness of this one particular one. i don't want to this discussion to the rock into immigration in general. the idea that he created a productive business, has a lot of sales, he is buying -- creating labels, stimulating the economy yet we are going to spend money throwing him out of the country. does that make sense? >> that was the specific deal. he came in under a visa program that set invest this amount of money and create the sound of jobs. if you don't you have to go home.
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another visa, no. there is no reason to have rules and then say we are not going to enforce them. they don't matter. there's a lot of fraud in this program and what people do to gain the system here they hire a consultant whose as i didn't create that many jobs but they are downstream jobs i am creating. sounds like your guest hasn't gotten the right consulting yes. this is a system that has been gained a lot. if you want to bring in people who are highly entrepreneur will just sell the visa if that is what you want to do for $2 million but creating this elaborate system where you have to invest and come back end monitor you is very administratively burdensome. unfortunately it is not working the way it is supposed to. melissa: now we are going to spend money throwing him out and i agree with you if he didn't meet the requirements there are rules of and you have to follow the rules the we're going to spend money deporting someone who is stimulating the economy so it costs us on every front, doesn't make a lot of sense. thanks for coming on.
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up next, bartenders beware. yesterday we very briefly, how bartenders and taxi drivers are among jobs to be automated in the next 20 years. it doesn't stop there. hundreds of other occupations are on the line. is a smart computer about to wipe out your job? don't move. at the end of the day it is all about money. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
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cheryl casone with your fox business brief. builders started work on 907,000 homes on seasonally adjusted annual rate. bad weather forcing airlines to one of their worst january on-time rates ever. 67.7% on time. 6.5% and domestic flights were canceled compared to 1.5% in the previous january. the last month labor department consumer price index rose by 0.1% in february. matching expectations adjusting gas prices with an increase in food costs. that is the latest from the fox business network giving you the power to prosper. money will be right back. [ male announcer ] what if a small company
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became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. melissa: here it is to is making money, anyone with a piece of microsoft, what we told you about, about to unveil office, ipad suite of applications. the stock is trading got by 4%. bill gates holds 338 million
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shares, more than half a billion dollars today. if you are wondering about the new ceo, about 1 million shares, made 1.5 million today. and producing a hamburger deelites, this hamburger joint in midtown manhattan the indulgence burger, doesn't look that good. serving up a handmade medium struggle white truffles and caviar. it will set you back $150. several goes to charity. not sure i will be saving for that one. a little wary of your mail? brace yourself, this mechanical beast could be behind the bar serving cocktails lujan new study from oxford university
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says half of u.s. jobs could be subject to robot takeover and your friendly neighborhood bartender is high on the potential list of casualties. todd hazels and joins me now. the leading stopped me dead in my tracks. i wanted to dig deeper. 47% could be automated. i couldn't believe this. >> anything can be replaced. i am a writer and you can say here's the sports -- let's generate this article based on natural language selection. i could be replaced. but i think because you can replace somebody doesn't mean you will or should. melissa: 94%, these are the ones that are most vulnerable to automation, 94% of paralegals, loan officers, they will be
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totally wiped out. >> anything that deals with a lot of numbers the robot could do. also a computer and the receptionist is on that list, google does that, and reliance on a human to do this for you. one example is travel agents, travel agencies are pretty much dead. on my honeymoon i'd book with the travel agent and had sprinted out book love where i was going. melissa: so many apps. >> was -- >> fast foods, bartenders, 81%. >> robot can make a burger. you are talking minimum-wage, people fighting over that mcdonald's little happens when you say we have robots making burgers? think about the backlash. melissa: that is how you get rid of the backlash. there is no one left to backlash anyone. that is where we are headed. what about paralegals? how do you do the entry-level
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jobs? those ones get wiped out. are you a free in turn and all of a sudden you are a lawyer? >> how do you get the advancement? again puts an emphasis on education and spending more time and skipped the data entry level. speaking of bartenders, you need humans and human intuition behind things so anybody can pour a drink. nobody can make a great dream. it takes an artist, a bartender who what if you are overserved? this person has -- melissa: there are responsible for the leakage and cost the bomb money. thank you so much. the robots are taking over. sorry about that. liz claman, you will never be replaced by a robot. until we are. until next week. another rally we are following,
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good housing data. housing starts were so good but permits were looking good and that is an indicator of future strength, fox business exclusive with one of the biggest names. might not be the strongest name as far as the stock. the ceo, we are going to speak about what he sees, how bad was that chilly weather in truth and what does he look forward to as these numbers are concerned. liz: coming up, freedom personified. joan a gun, people with bitcoin. you have to hear how this is at the forefront of the emerging crypto currency trends. you can never have too much money. we will be right back.
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melissa: consumers could be drinking in higher prices, costs coming from your pocket. let's bring in andrew king. that 6 months chart i am looking at is terrifying to. that is coming home to roost at the supermarket. when i buy domino's pizza which is weekly why is this happening? are you there? we have a little problem. andrew will come back and tell us about that later. time for some fun with spare change. the new frontier bitcoin is not a top-secret layer in an underground cave but a gun store in austin, texas. is the first firearm retailer in the nation to install its own bitcoin atm and sales booming as a result. the owner joins me from austin. thank you for coming on. my first question is if you buy a gun the matter what, you have
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to do background checks and fill out paperwork. why does it matter if you pay with bitcoin? people know you bought it anyway. >> it does not matter at all. when you coming to central texas you can pay by credit card, cash, or bitcoin. come in to central texas gun works you got to fallout that 44-73, call the fbi. >> why do want to use bitcoin? why did you put the atm in? want to lie care? >> is not about what central texas gun works wants that america is demanding. america is demanding banking systems that too big to fail, we want to get rid of that and sick of hearing the current administration mention in the banking system is. what this does, bitcoin will put that into the hands of the american --
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melissa: you are from central texas. i challenge you to answer the next question. is this mainly about the fact you guys are anti banks? you are mad at banks? >> absolutely not. we are not anti bank. this is about financial freedom, financial independence, being able to purchase that firearm with whatever currency you like. melissa: sales have increased 50% since you put the atm in. is that true? how much more money are you making? >> i won't give the exact number but our sales have increased by 50%. i have gotten calls from california, new hampshire, that want to spend it:and purchase firearms so even if they call us on our web site we are still going to ship the gun to the gun store in that state. we are going to that state there
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for route 44-73 call the fbi and into the background check. melissa: making beat colin, you are coming on. we appreciate it. >> thank you for having me. melissa: getting behind the wheel of double those 7, huge collection of cars from the film up for sale in miami, getting up close and personal, you can never have too much money. those litt things still get you.
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does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. melissa: license to sell. one millionaire selling his entire collection of james bond vehicles. they are on display in northern miami. phil keating is fair. which one have you bought so far? >> that is the old deal. you cannot buy just one of these. michael desert who owns this
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collection includes this gorgeous turbo, featured in the spy who loved me i do believe, but who doesn't need that on the back, just in case the enemy is on your tail in the alps but everything is for sale so you get 60 vehicles that include cars, this middle indian taxicab featured in the film officeat s.y, this one -- fake machine guns rocket-propelled missiles, interest is out there and is a happy price tag. 40 million pounds or 32 million shepperd currency you prefer.
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the idea is somebody in britain will build a museum such as this one. it has planes and helicopters, jet packs and motorcycles, all of which have been featured in every single james bond film. there are so many films, i didn't know about a few of them until i came here looking around. this is a cheri car right here. melissa: what is the skinny? is $33 million high or low? will they get more than that? is that a stretch? >> a little more than what he paid for at all three years ago, he flew to england, looked at collections and bought it all, build the museum here. after three years, ready to get rid of it, give it back and make a little profit on the side. melissa: thank you so much. very cool. so that is all we have for now. hope you are making money today.
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reminder to tune in tomorrow for a power panel on the big that meeting, steve forbes, ron paul, reserve share, federal reserve dallas' michael cox and the one and only stuart varney. will be a fed frenzy tomorrow at 2:00 p.m.. countdown starts right now. liz: as housing goes so goes the economy. new-home construction data may suggest housing might be taking off the winter blues. are we seeing a rebound? who better to ask then the chairman and ceo of home builders, a fox business exclusive. apple's new iphone 6 may be the mother lode of all upgrades according to apple but will it be the game changes the company needs? apple under tim cook generates big profits but the author of a new book says it is a less conducing company without steve jobs. the author of haunted empir
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