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tv   MONEY With Melissa Francis  FOX Business  April 8, 2014 2:00pm-3:01pm EDT

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frontier for m&a. the a-team of the future? before he makes his case to congress, ceo of robo coin joins us how on the world's first bitcoin atm and how it works. this is an interview you will only see right here on "money." the stars of million dollar listing new york talk to me. they will bring you the most fabulous properties on the market plus the story how the superstar broker sold a $13 million real estate using only social media. even when they say it's not it is always about money. melissa: breaking news. u.s. regulators set to impose another curb on bank risk-taking. let's get to peter barnes in washington. >> melissa, that's right. regulars are approving new regulations requiring the eight largest banks to raise $68 billion in capital by 2018
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to meet new tough every capital requirements but regulators proposed this last year. the banks have been expecting it and already started raising that new capital according to officials. the rules, something, applying to something called a leverage ratio, apply to banks with assets of more than $700 billion that are systematically important, bank of america, bank of new york mellon, citigroup, goldman sachs, jpmorgan chase, morgan stanley, state street corporation and wells fargo and company will be covered under this new rule. they are designed to help protect these banks in another financial crisis and avoid future taxpayer bailouts, though the banks argue the rules will curtail lending and saddle them with higher costs. melissa? melissa: peter, thanks so much. so back to the markets. they are alive. stocks back in the green after three days of steep declines but what's really behind all the market mayhem? here our very own charlie gasparino, "barron's" senior
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editor jack hough and financial advisor jeremy hill. thank you all three for joining us. is it a coincidence that the market started to geoff nervous and see them grow down and when everybody started talking about high frequency trading. anyone? >> i don't think it is at all. if you look what happened to nasdaq volume last couple weeks it is up 18%. i think it has nothing to do with high frequency trading. i think what is happening the u.s. equity markets are trying to parallel park between tight expectations of economic growth and also in the face of fed tapering and probably not very robust earnings season going forward. melissa: jack what do you think. >> dot-coms and biotech brokers got slammed. dot-com and biotechs are way no too expensive. investors are playing musical chairs and they know it and brokers because of high frequency trading. >> i don't, let's be honest here. the small investor has been out of this market for a long time. this is mainly a market of traders and high frequency
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traders. i think it is unrelated to what michael lewis is doing. think simply -- melissa: all the pr, all the talk, it is everywhere, the market is rigged.the market is >> exempt for e-trade, ameritrade, those type of companies. the discount brokers those companies definitely got hit on the high frequency trading scandal, news, because they do a lot of work with high frequency trading. they give their order flow to the high frequency traders. if there is any regulations that could affect them but the overall market, i mean citigroup, do you really think that citigroup, let me finish -- melissa: people shouting that the market is rigged. >> get a grip. do you really think that citigroup is down because, morgan is down because of this, because of michael lewis's stupid book? melissa: there is no underlying confidence in the market. >> whoa, whoa. there was no confidence, there was no confidence, all of sudden turned around barely holding ground today. >> how are you talking about
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confidence. melissa: with the market going up and up and up. >> confidence is when the small investor gets back in the market and he or she hasn't been in for years. >> high frequency trade something big issue. it will not go away. broke remembers being paid on order flow. think about it. they are being paid -- >> i don't know. wait a second, i talk to investors every day. not one told me that trading stocks -- melissa: hang on. hang on. charlie is getting attacked on this very front. fortune saying watching apple's share price by market behavior seemingly disconnected, hang on! hang on! from the company's underlying value you could hear the jaws drop when gas pa reason came to the defense of high frequency trading, gasparino. apple unfairly beaten down because of high frequency traders and you're part of the problem, charlie. >> this how stupid that asselvesment and how dumb fortune is reporting that. apple has a lot of problem with innovation. we were talking about yesterday.
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they have some more problems than high frequency trading. melissa: they have 99 problems -- >> and yes that idiot is drawing this conclusion. i will say this about high frequency trading. this is what people think it's a big deal can't explain. number one, why are high frequency trading firms making less money than everybody else. >> the competition is the problem. >> the other thing, yeah, right. the other thing, no, let me finish what i'm saying, no, let me fin. >> i let me know when you're done. >> why isn't, why isn't everybody and their uncle getting into hi frequency trading? melissa: been arbitraged out because they thought a way around it. >> arbitraged out. it is not a big problem. melissa: i agree with you. >> has nothing to do with high frequency trading. >> why does the mafia get into high frequency trading? barriers to entry are very low. melissa: -- taking over silicon valley. google is reportedly pursuing a satellite company and drone make they're could put them at the
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forefront of tech's next frontier. not everyone is pleased with google's sky-high ambitions t could touch off a new wave of stars wars. the pictures are incredible. hd cameras showing life pictures of the earth. the government would be thrilled. they would have all the video to look at, right? >> i'm more worried about this than high frequency trading. melissa: yes. >> spy on me, some dope in a computer lab, maybe, possibly skimming one gazillont-of a cent off high frequency trading. melissa: aren't you doing it indoors any way? >> indoors? what do you know what i'm doing? >> because if you're outside you're getting captured by this camera as far as i can tell. >> i'm not doing anything -- melissa: i would inside for anything nefarious. go ahead. >> google is really the ge of our generation, right? it is conglomerate. we're adding all these different technologies. they're spending a lot on r&d. some i think are disproportionately out of their
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scope. so i'm not sure how the valuation plays in line here. look if you want to be long innovation, i don't see a company that set per than google. remember -- melissa: how about facebook? jack, they're doing exact same thing. >> google and facebook are alike have overpriced stock. now one of the things they can do is spend stock to buy stuff. melissa: that's a good point. >> if you use apple, apple does many things well. if you use apple mapping service, you look for restaurant and end up at the bronx zoo. google has a maps and would spend money to maintain that advantage. >> i would never end up in the bronx zoo. melissa: it is lovely. >> i know exactly where the bronx is. if google maps sent me to the bronx zoo i would know where not to go. melissa: i don't know where to end that. thanks to all three of you. believe it or not the recession may be the key to closing the gender wage gap. still to come, the numbers to prove it. to beef or not to beef. that is the question. the new medical research that
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says vegetarians are more likely to get cancer? more "money" coming up. ♪ my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure.
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melissa: the jobs market continues its slow climb out of the basement but new data suggests that the recovery may be only temporary. companies are adjusting to postrecession realities by hiring more temporary and contract workers. and as a result, they're investing less in long-term employees. that is not good. here to discuss, ceo and president of lasalle network, tom gimbel. ang capital president, hilary kramer and jack hough is with us as well. tom, does this ring true? if you look at data out of march, 15% of all jobs gained in the period were temporary. that is not good. >> good for me. melissa: that's right. you put people into jobs. you do hiring. so it is great for you. not great for people who are looking for long-term security and wage growth though. >> it is good for people that want to get their foot back in the market. it is good for people that want different opportunities. it is good for companies who
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want to see if the economy will hold up and hire people. most people say temporary hire something leading indicator is economic recovery. while permanent job numbers are not what people want and bringing people temporary or otherwise is good sign for the economy, if you believe overtime they will turn the temporary people into full-time employees. with the cost of having people on board with unknowns and obamacare and everything else, i don't know. hillary, what do you think? >> there is new reality. i own a business. i own a company. i am an on wall street. i can tell you it is very difficult to have full-time long-term employees. what happened there is new reality. the reality is the accordianian. we don't want to make any changes to do anything permanent. melissa, that is the whole point. it is about the obama administration. it made it impossible to try to bring people on and give them a tenured position. melissa: is this specific industries? jack, walmart and amazon are very big on temporary hiring because they want to have the flexibility.
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>> the jobs we have are not well-paying jobs. they're not great jobs. we're losing middle income jobs. replacing them with low income jobs. we gained access to billion more workers around the world throughout sourcing. a lot of women entered the workforce. there is huge supply of workers and companies are taking advantage by keeping wages low. melissa: there is so much talk about the gender pay gap. there are a lot of interesting things going on with women in the work place. for example, they lost jobs at slower rate during the recession. men during the recession outnumbered those who lost their jobs, women, two to one. >> what were the jobs lost? finance, investing, banks, real estate and construction. melissa: construction, right. >> that is really the problem. women had already been weeded out with the internet 2000 bubble crash, and jobs like being secretary have become obsolete 10 to 15 years ago. melissa: still they talk about a study out of stanford business school, the gap between men and women on day they exit business school is 21%.
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do you believe that? >> yeah, there's a gap. to the point about losses if you cut jobs and one party is making more than the other, where will you cut them from? people making money. melissa: tom, do you see that you're out there get people hired. do you think there is wage gap? >> i don't think there is as big of a wage gap as people make it out to be. however like a lot of economic indicators we're not looking at what industries or what levels or what jobs. is it people graduating with mba or people worked behind the french fry counter? melissa: we're talking specifically here about people with an mba. there is bloomberg study with a 7% wage gap between male and female. stanford business school says it is 21%. i don't know what dog they would have in that fight. you doesn't believe the data? >> i believe that data. woman are not paid like men on wall street. melissa: tom, go ahead, finish up. >> bloomberg is at 7%. stanford business school at1%. three times, that data isn't
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come rarable. if they're disagreeing on who is to say what is right and wrong? no one is forcing anybody to take any job. >> come out and 18% of us were women, men have much higher pie paying jobs because women have to make choices about taking care of family and being employed. melissa: not on the day you graduate from business school. we have to leave it there. we're out of time. clearly a lot more to discuss. hope you come back. we have breaking news we have to get to coming out the cme. they're having technical issues halting some of the trading. phil flynn is on the floor. fill phil, what is going on? looks like they're trading to me. >> the place has come alive. pits are trading and but computers are down. traders normally trading online to trade grains to get out of the positions before the pits closed which happened right as we went on the air. these pits were totally empty a few hours ago. there were one or two guys. everybody is doing a lot of grain trading online.
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, when the agriculture went down this place came alive. right now technical issues according to the cme have halted corn, wheat, beans, theater cattle, hogs, cheese, random length lumber, basically all the ag markets done online. pit trading went on. they went to their pit close which is 1:00. the grain is at 1:15. but a lost traders had their relearn their hand signals because they haven't used them in so long came back online. cme says they have a statement it is a technical glitch. they're looking into it. hopefully it will be back online but if you did not get out of your position before this pit closed, right now you're in limbo until the cme brings that back online. melissa: i can hear people everywhere say this is the argument to have live traders in the pit and not go completely electronic, right? >> that is exactly correct because in this type after situation you have this backlog. will be interesting if in an emergency like this the cme
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could make a rule that pit trading could go on. of course a lot of high frequency trading, online traders would argue, hey that is great for the cme and some of the traders that have access to the pits but a lot of traders really don't have access to the floor like they used to. so they would be at a disadvantage. melissa: that is the flip side of that argument. it is unfair to people that aren't there and don't have access. phil flynn, stay on top of that story. we want to know what is going on. >> will do, they don't call it the cryptocurrency for nothing. why does the world's first bitcoin atm require your palm print, i.d. and your phone number? we'll have robo coin's ceo exclusively coming up. they say you are what you eat. this takes it to a whole new level. what miley cyrus, kobe bryant and jack dorsey have in common. it is the latest diet fad but is it healthy? ♪ (dad) well, we've been thinking about it and we're just not sure.
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(agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited.
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melissa: if betty white and bill clinton and keisha ever get stuck next to each other at aily will have their diets to talk about. all three national treasures are reportedly vegetarians saying no to meat and vegetables. according to a new study that choice could set them up for a serious health risk. we have dr. manny a la stress of fox news medical a-team. are you eating your vegetables? >> don't pick on my veggie friends. listen, the study that you're alluding to is basically a survey, it was a very small survey of people in europe, 160 something people. melissa: 50% more likely to have heart attack or get cancer? >> no, no, because we don't know
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anything about their preexisting conditions. we don't know when they became a vegetarian. let me tell you because there is label of vegetarian doesn't mean you're healthy. there is junk vegetarians, right? you eat bagels and white rice. you're vegetarian if you eat that. >> is there nothing to the idea we're carnivores and we need to eat meat, do you buy that. >> no, i don't buy that i think people that do vegetarian diets and i give them a lot of credit and do it correctly it is much healthier for you. the older, i get, believe it or not i can't tolerate meat that much. it doesn't sit well with me. my digestive system tolerates vegetables much more. if you know what you're doing -- melissa: mine likes chocolate. >> that is not vegetarian. now you're going to the other side of the equation here, melissa. you have to have the carrots and vegetable proteins and fiber and the tofu and -- melissa: tofu? >> oils, good avocado oils and you live to be 100.
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i should have done that year ago i would have had hair. melissa: medical university, did you go there? you don't like the medical university, gras? >> i don't know about that one. melissa: they're saying that they have worse health, poor quality of life and higher need for health care than meat eaters do. >> a comparison, this is a survey. melissa: okay. >> they basically asked people, you eat vegetables, how come you're so sick? that is not a study, the flip side of the coin very popular, the paleo diet. this is hot. tons of people are doing this. people are so into it. let me explain to people who aren't hip, maybe. you can only eat what cavemen ate. no refined sugar. no dairy. no beans, no grains. it's like this whole idea that you're a caveman and wandering around and could have eatenly what you gotten in prehistoric times. i will say two things. >> okay. >> there is no perspective study on benefit of this diet. i can't tell you that it is good or bad. this is all hearsay.
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this is type of diet being kept alive by social media. you know how much i love social media. the second part you have to live on a farm yourself and grow everything yourself and look at vegetables that lived back then and, so it is very limited in -- melissa: maybe they're losing weight because they can't get enough food? >> right. i think, if i compare the diet to the vegetarian diet or meat-only diet for sure, balanced vegetarian is the best for your body. melissa: yeah. >> i think this is the last, it is a little -- melissa: how about coffee, chocolate and alcohol, is that good any like that one. >> you keep that for fridays. that is what happens on friday. melissa: dr. manny, you're a good sport. >> you got it. melissa: i eat a lot of vegetables. >> look how beautiful and young you look. melissa: great. rough road ahead for two top automakers today. let's go to nicole petallides at the new york stock exchange. nicole. >> melissa, we're taking a look at both general motors and toyota motors. we'll start off with gm here.
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there has been a real lag, overhang over general motors because of recalls that we spoke of, spoken of. you have the national highway safety administration continuing to follow that as well as the fact that you have a safety group calling for u.s. probe of the chevy impala airbags. we're also reading that the quarterly common stock dividend of 30 cents a share. let's look also at toyota motors. what is interesting about toyota motors we're seeing it under some pressure today. right now the stock is down 2.25%. this as the mid-sized suvs, some of the mid-sized s-uvs under the toyota umbrella failed u.s. crash tests. we'll continue to follow that. the worst performers in the tests were mazda motors and honda motors pilot. so, that one is significant structural collapse. that doesn't sound good, does it? stock is down 2.25%. melissa: nicole petallides, thank you so much. coming up we have an exclusive with the man behind the machine,
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the bitcoin machine that is. he headed to capitol hill to demonstrate his atm but he is coming to us first. tweet me if you would use a bitcoin atm. the guys from "million dollar listing new york" are here. you won't believe what goes on behind the scenes in the real estate market. wait until you hear what is keeping the cash flowing in. "piles of money" coming up. ♪
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lots of market action, some trading, let's check back with jonathan cortines at the new york stock exchange and andrew king. on the problems resolved yet? >> not resolved yet. this is a glitch in this system. as a traitor you have to adapt to the environment.
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something will be done electronically by 8:00 p.m.. not a big thing. this will be the settlement. you have to settle these. bit in the long run this will matter. electronic will be up by the end of the night. melissa: a lot of people will be complaining they didn't have access, an open outcry. thank you so much. i want to go to jonathan, traders they're catching their breath a little bit. has been a wild ride. >> that is what it seems like. melissa: go ahead. sorry about that. >> a couple sessions with pressure on the market. seems like investors want some market to settle down and see which momentum, which way this will go. heading into earnings, alcoa. not that that is a market mover but we have seen significant pressure on the market and investors need to get an understanding more confident in
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this market. melissa: we appreciate that. the world's first bitcoin atm taking washington by storm. the company behind the innovative machine on the hill today to give congress a demonstration with 100 souls in six months, joining me in a fox business exclusive is the co-founder and ceo gordon kelley. thanks for joining us. the first question that pops to mind you need to provide the phone number. don't even need the palm of your hand there. i wonder doesn't this undermine the anonymity of bitcoin? >> the goal was to create the most seamless introduction for customers to bitcoin. the machine is the easiest way for customers to buy and sell but the enrollment process had to be seamless as well. all customer has to do is create a king, scan their palm, scanner id and take a photo and they are
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in. melissa: that is exactly the stuff that people who are buying into bitcoin don't wan to give out. >> so bitcoin is synonymous but our goal is to bring bitcoin to the masses. melissa: was that? pseudo anonymous? >> not anonymous because it is a block jane. every transaction on the bitcoin ledger has always been kept for history. from our perspective the goal is to bring bitcoin to the 99.99%. the people who already have bank accounts and really want to enjoy all of the view the of bitcoin. melissa: what is the demonstration you are going to do today? what you going to show and who is going to see it? >> we were invited to demonstrate robot:to members of congress and it will be our machine coming up, linked to the
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capital -- melissa: you are integrated with two bitcoin exchanges. you are working with mount gox before they went into bankruptcy. >> we dropped mount gox eight months ago. it was loggers than that. melissa: did that make you nervous? and what about the other dealers? >> i think those companies are doing a really admirable job of maintaining security and treating customers fairly but do a great job on the compliance side of things. our guys have many customers just purely on speculation somebody might not be compliant. melissa: can you say in dollars how many transactions you are doing. they? >> a lot. right now our worst machine is
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on track to do so and $50,000 in terms of actions 3. are best machine will do north of 7.5 million. the machines are phenomenal. our operators are all-around world are really excited but the entire community as a whole, everybody is looking forward to what the next year has in store. melissa: we look forward to watching your product. thank you. how tipping? like call are kidding. watch out, you're smart cars could be in danger. yesterday morning san francisco found their beloved smart cars flipped on their sides with the windows shattered and exterior damage. a smart card is an easy target because the only ways 1500 lbs. whether the car flippings were a coordinated frank rebellion against silicon valley employees which we talked about a lot on this show is unclear. san francisco police say the
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suspects may face felony vandalism charges. would you think of this? funny to see the car tipped over unless you own that car but look at the damage. this is an outbreak, rash of this going gone. >> let's not to peach other's cars just because we can. got to be careful there could be a dozen clowns sleeping in there so please. melissa: looking remaking light of this. on a more serious note we were talking last weekend and when you talk to people who live in san francisco the battle between the 99% and 1% has reached a fever pitch. the epicenter of it because it is where off so much of the tech world is and everyone who doesn't have billions of getting driven out of their houses. is this a response to that or just somebody thought it was funny to tip it over? did you do it? you are laughing? >> i don't see a tipping epidemic or anything like that but the funny car -- i don't
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know. san francisco is a crazy town with a lovely town but a crazy rough edge to it. a lot of people on the streets. melissa: when i lived in their parking on the sidewalk was acceptable. you never got a ticket. >> you never car tenth to. melissa: it was a gas guzzler. up next the amazing story of a $13 million real-estate sale right on scene through social media. the agents of million-dollar listings in new york. at an end of the day it is all about money and real estate. [ cows mo] [ sizzling ] more rain... [ thund rumbles ] ♪ [ male announcer ] when the rld moves... futures move first. learfutures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ on thinkorsw
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from td ameritrade. on thinkorsw hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow.
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melissa: melissa frances with your small business brief. small-business optimism on the rise, national independence of independent businesses seeing a 2.rise in its index, the report getting a boost largely due to company's expecting sales to increase. optimism levels still below what they were in january. the controversial tax and service expanding now offering courier service in new york city to deliver packages. they will accommodate any type and size. delivery to $15, and the mobile apps. microsoft end report -- support of its windows xp operating system is leaving all the use it at risk of cyberattacks
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including 95% of bank atms that run on a platform. that is the latest on the fox business network. announcer: where can an investor
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be a name and not a number? scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. melissa: on wall street on mainstream money is on the move kicking off those not making money today, tim armstrong's 2013 pay is down half of what
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was the prior year. it is mainly due stock benefits. the same year armstrong got a lot of heat for firing an employee in front of a room with a thousand years, his total compensation comes to $6.48 million, nothing compared to $12.07 million in 2012. making money today, anyone who knows amazon the company saying streaming of its instant video service are nearly triple what they were a year ago. shares of the internet giant climbing 2%. jeff bezos owns 84 million shares meaning me he is making p790 million today. and raising money, online nonprofits, a new study shows last year internet users donated more money than ever before. the report sees online charitable donations up 14% from 2012 and notes the average number of facebook fans and twitter followers for nonprofits
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is increasing. it is multimillion-dollar idea. only social media, one of the real-estate agents brought those million-dollar listings in new york to do that. here are stars louis ortiz and frederick l. coin. thanks for joining us. just as fabulous a person as you are on the show. ryan, one of the other guys on the show, $13 million, without spending money on advertising sold it to chinese buyer, is this shocking or common place? site unseen, $13 million? >> the social media is important, it is global and the push of a button, goes out to everyone. developing followers. >> i am laughing at you fixing your hair on the air. melissa: seriously about real-estate. >> the future of communication whether it is realistic or not,
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right now, it turned into social me and other listings of themselves. melissa: doesn't speak to how crazy foreign buyers are? the chinese buyer who snaps up the property, $13 million? >> there was a lot of financing purchases in 2015 broad street. there were a lot in the market but it is trying to get money out of countries. melissa: what is the most effective way to sell something? how do you do it? >> you instead of tiptoeing and pitch things with the press, you put it out there in an instant and feels like it is coming straight from this war which is lisa all my new buildings are actually starting to put on instagram first and lost 11 or more which iss $185 million. in the first week on instagram.
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melissa: you will get in trouble for saying that on the air. is the show real by the way? i see the addresses and that is not what the building looks like. >> the closing goes to public record, people can go into whatever is sold or not sold you can verify. >> i wish it was scripted because it would be easy, is very real and actually difficult. the drama and fighting. melissa: they would get into a big fight. how does this impact you? does it make people more likely to seek you out? doing dastardly things on the show? >> it was risky to sign on but my business has doubled and my team was the no. one team in development which was the number one real-estate firm. melissa: using regular traditional media what do you think? >> this gives you instant credibility when it comes to real-estate. melissa: makes you want to be an
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actor but not serious about it. >> it is a matter of time and people don't remember my name. spanish, let's go. >> what the show does this shows we take it very seriously and work really hard. melissa: thank you so much. stick around. from gorgeous real-estate to really big movie theaters liz claman will have some good stuff coming got. liz: that is the real-estate -- that is the news lady. that is the news lady. we are talking about multimillion-dollar real estate, multimillion-dollar screen, can you say chewbacca or spider-man? a new deal to sell 20% of its own stake in china to two outfits, when is china media capital. this is a major opportunity for imax because down the road they risk in china and have a chinese ipo summit is all the movies
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that are going to be huge from spider man to godzilla to transformers, this will be massive and first on fox business. we have the ceo of don: said you have been watching the markets. we have done in the rebound you're watching closely that we will talk about technology and in the past 3 days it has done cheaper. >> that news lady liz. next up investing in a loser. not what you want to hear when you're buying into a big deal, but the more this one loses the more it gains. wait until you hear why. you can never have too much money.
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melissa: crude oil settling them to present on the day. lipitor trade, the same as unrest in ukraine, definitely something to keep an eye on. and at stake in the green following the worst three day drop in three years. joline kent is that the nasdaq. what was it like today? >> nasdaq up 6%, fighting back after a tough losing streak, take a look at the winners. by looking pretty good, trip adviser ebay, yahoo! all up 3% or 4% so nice performances. tesla rallying after news of its leasing program. and they are limitation, not to the upside for u.s. equities. biotech might not be good. and both of those are not doing
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and continuing to drag. melissa: time for fun with spare change. it takes a little more in spare change. the reward, chicago cubs looking for minority owners. if you no baseball, these guys are not the best in the league. banken to majored basketball loser, and jeff flock is here with more on this story, how common is it for teams to take a minority investor. >> not the best in the league? what you saying? >> as soon as it came out of my -- the e-mail i am going to get. >> it is not uncommon. the mets a couple years ago. and investors, 20 million up top and bill maher, the famous comedian is one of those investors. green bay also does essentials the bad deal where you can buy
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stock in a team. the stock is not worth anything. it is $250 a share, a contribution to the green bay packers because you cannot sell the stock. is not uncommon. melissa: call buzz is warren buffett is interested. this is a team that has won a world series since teddy roosevelt was president. warren buffett fired up about this. >> he said he was not interested in buying the major league baseball team but at the same time this is not buying a whole team, just taking the peace dividend helping the renovation of wrigley field which is the 100-year-old ballpark made of brick and falling apart. you need money. joe rickets who founded td ameritrade and is worth $1 billion has some money but renovating the ball park -- melissa: it won't be cheap.
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and turn back my million dollar listing new york stars. when to buy and when to run away. >> if warren buffett is in i am in. melissa: it could be just gossip. it could be the seller out there floating his name. >> what you get from being part of owners of this team. melissa: don't believe they have to. when is the last time you went to a baseball game? you are surprisingly quiet. they you believe they have cheered the years in baseball? >> let me invest. >> great there's an opportunity for people who would have an emotional connection. melissa: you advocate investing? >> this is an emotional by. the u.s. advocate investing on the motion? >> sometimes. it can be emotional. >> most of the time it is emotional.
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go with your gut. melissa: thank you so much. up next, they don't have cheerleaders in baseball. in overdrive 14 companies set to go public this week alone. the biggest since 2007. stay where you are to hear what is worth buying? you can never have too much money. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approvedo treat ed and symptoms obph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity.
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melissa: huge week for ipo tos. how big, you ask? 14 companies are on track to go public by the end of this week. that is right, 14! that is the biggest weekly tally since november of 2007. so who's the best of the bunch? joining me now to give expert analysis is scott ralston, back with us barron's senior editor, jack howe. gentlemen, this is a big number. i wonder hese guys are wishing they had gone on about two weeks ago before that dip. jack, what do you think? >> it would be great to have that kind of timing, but you have to put these things in
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motion. selling in this environment you're generally getting good prices, sure, prices are high. melissa: scott, what do you think about the number? 14, we were talking about how long it's been since we've had that many. la kin that coming back out -- la quinta coming back out, what do you think? >> it's a lot of activity, and that gives investors a lot of, therefore, supply to meet that demand. so this is, basically, the market's trying to sort itself out. you see a lot of companies in this window, the market's getting a lot of momentum. mel a lot of momentum or getting very top by? when everybody's rushing to get out the door, you're seeing record ipos, you've got to wonder are they rushing at the same time pause they think things are coming to an end? >> i'm not sure it's frenzy level yet, but as an investor if you think ipo prices look rich, why not look at some of the private equity guys? they're in the business of selling into a hot ipo market -- melissa: wait, they want to sell at the top. that's why they're selling, so they ththink it's ov.
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they sell and they're done. >> you're going to invest in their shares. melissa: are there any of these you would buy? zoe's kitchen is one, i have no idea what that is, any i look interesting to you? >> step back, first of all, make sure you understand the company and growth story behind it. most ipos are about growth, and you want to see do you believe their strategy, box.com's not coming out this week, but that's another one in the pipeline. melissa: and does their strategy make sense to you? >> cloud storage does make a lot of sense and, therefore, it is. >> allied financial is coming up, how about the treasury trying to time the stock market? melissa: yeah. gentlemen, thank you so much. that's all we have for you. i hope you are making money today. our guests tomorrow certainly are. on tomorrow's show don't miss the fargo, north dakota, sixth grade class that is straight up schooling college business students on the stock market. their secrets will all be revealed tomorrow at two p.m.
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i am so excited about this one. kids beating the market, you've got to love it. right now the dow is trying to hold on to positive territory, up two points. liz claman and "countdown" kicks off right now. ♪ liz: how did they know? tech execs like facebook's sheryl sandberg all dumping some of their company's stock before the nasdaq pullback. but now these high fliers are cheaper. are we in for a rebound, or are worse days ahead? the new wireless revolution, you'll be ultra connected from your home thermostat to your fridge to your car. the man behind skyworks solutions calls it the internet of things tsunami. his company's stock up 65% over the last year. he's joining us for a fox business exclusive. and how many times does your smartphone run out of juice? imagine being able to recharge it in just 30 seconds. the company that

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