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tv   MONEY With Melissa Francis  FOX Business  May 14, 2014 2:00pm-3:01pm EDT

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largest metro areas out of reach. coming soon, a quickie divorce in aisle 5. walmart rolling back price of legal services inside their stores. you have no doubt seen it by now the leaked video of jay-z being punched in an elevator by his sister-in-law. judge andrew napolitano, on strangers selling your privacy for big bucks. because even when they say it's not it's always about money. melissa: first to the markets where stocks are sitting near lows of the session after yesterday's record close. let's bring in our very own liz macdonald, tom sullivan. we have simon constable of "the wall street journal." light volume, what do you make of this market? >> it is creaky. it is -- melissa: making noises you can hear as you go buy or what's the deal? >> what is striking how the 10-year note dropped so dramatically. >> nothing says recovery like
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the 10-year note rallying and yields going down, down, down. >> argument now which one are you going to believe, the stock market equities or fixed income? which trader? i like the bond traders myself. melissa: who do you like? >> i'm with tom and simon. when you see the 10-year not really budging that to you is telling you that the economy is still trudging along, flat-lining here and in europe. so that's the issue i think. melissa: okay. loose lips of the fed may have accounted for more than 200 million in illegal profits during the ben bernanke era. a new study suggesting that tapering decisions were being leaked early giving some trade arrest huge competitive edge. what do you think about this? >> there is no question this has been going on for decades, you think? >> yes. always rumored there is some information leaking out. they try to blame it on media. the media is in the little lockup room beforehand. melissa: the media is always at fault. >> i think somewhere in the whole chain from meeting and paperwork. >> abolish the fed, audit the
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fed, maybe he is right. if we didn't have a fed we wouldn't have problems. melissa: the rules may be changed. as you know a reporter is standing in front of the camera because you're saying, it is being blamed on media but the roles of media have changed f you're standing in front of a camera and they do a sound check before the decision you have to say something given on piece of paper and item from the cafeteria like egg salad. they clamped down because they knew there was a problem. >> i think you're right. what do you do? how do you stop the leaks? do you just do away with the press conclave, right? and instead put it immediately up on internet. put it up on the computers. >> that would certainly help. melissa: somebody knows because you're putting up on the internet. >> that is my point. there is some administrative assistant somewhere who has this information and i don't know if it is her brother-in-law getting it. >> how do they do the oscars? doesn't do the same way. melissa: is it valuable? >> more valuable than that it could be done in that way. they manage every year just
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fine. melissa: airbnb claiming a major win in the legal fight against the state of new york but attorney general eric schneiderman is vowing to redouble his efforts against the home sharing service. what do you think? >> i had a bad experience with airbnb. the neighbor upstairs had airbnb people in. melissa: turned it into a brought them. >> having a shower 2:00 in the morning and drunk flooded down into my apartment and it was just -- melissa: that is not funny. >> it wasn't funny when i tried to wake them up and, you know, that was -- melissa: they were asleep with the shower going? >> no i, aasleep before water started rain indoor. i'm from britain. i don't mind rain you about rain indoors? this is not cool. >> neighbors don't like somebody else renting out their apartment. >> i don't mind it as long as it is not raining. >> you have to contact eric schneiderman, your attorney general in new york state. here is what is going on of the
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ag of new york, is going to say we'll come back in. this is a battle in the longer war. and what he is going to do is, the judge said, you know what? your s&p was overbroad. you wanted information on everybody in the state that uses airbnb. focus only on new york city alone. that is how they do it. >> technology has won everyone of these battles going back, remember the recording industry was going after downloads, music downloads. steve jobs came along. i will fix that. that is what will win. technology will win. melissa: airbnb will win regardless of problems they are having? >> yes. they will have to reserve a lot for legal problems. >> we need a middle way. if you want to rent out the apartment whatever for a week or two, at least somebody there to check the pipes aren't freezing that is time. if it is becoming a defacto hotel where you have raining indoors i don't like it. melissa: isn't that what schneiderman is trying to do? >> he is saying that is wrong. >> he is trying to ban everything. right? just a totalitarian way.
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>> difference between you renting out your apartment for a week, versus buying 40 apartments and having regular listing. melissa: and you not being there. i don't know if you heard about this one, yahoo! is buying up snapchat competition, blink. it claims it makes your messages disappear. fittingly marisa mayer made the entire company disappear. she buys the company. takes employees. shuts down the company. >> she buys talent. marisa mayer on acquisition tear. three dozen companies since 2012 when she took the reins. the question would you want blink or snapchat. melissa: i don't trust it. >> hang on. how do you make advertising revenues if messages going away. >> you hit it. they're buying talent. that's what they're looking for. the guy who runs blink was previously at google and back where she was at google. >> all me too. all following on. there is no sort of driving, trail breaking path here. they're not doing it.
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melissa: people in the tech industry are very upset. she buys companies an shutting them down. getting rid of technology. roughly 3/4 of the companies she bought she shut them down. not a traditional acquisition. >> facebook had similar deal called poke and shut it down. it did work. she is going for talent. melissa: nba costly ultimatum from its biggest star. lebron james was reportedly to lead players strike if donald sterling is not ousted as clippers owner. what do you think about this one, simon? >> dumb. >> he has to go. shut up. tape over his own mouth and notl forgotten about him. >> talking about sterling. >> yes. >> totally dumb for players to say, that would be like somebody over at nbc saying something stupid and we shut down fox. that is crazy. >> the question are they allowed to do walkout on these ground. melissa: are they. >> that is the debate. what sterling said in his behavior is absolutely hideous. racism is hideous but the
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question is did he willfully violate the law? he would argue i was, hang on, i was i will really recorded. in the state of california you have to have two parties of consent. he was illegally recorded. >> he can sue the girlfriend but rules of the club say everybody goes -- >> no, no, no. he can say i did not willfully violate the laws. willfully i was illegalled recorded in the state of california. i did not give my consent to be recorded. >> club rules say if 3/4 of owners don't want you as member of the club you're out. >> i'm telling you what donald sterling's fight will be. that is what he could say. >> market will take care of this. advertisers will go. sponsors will go. staples will not let them replay their games there. melissa: hang on one second. former treasury secretary timothy geithner opening up about his new tell-all book. fox news's bret baier just wrapped up an interview with mr. geithner he asked about the white house pressuring him to say social security didn't contribute to the deficit. listen to this.
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>> we didn't want these reforms. we thought were very good for the country to be vulnerable to misperception on either side. that we would try to solve the deficit problem on the backs of social security. he was right about that. i never heard that phrase dog whistle which i thought was very interesting. >> yeah. but it does contribute? >> to the long-term fiscal problem? yeah, because as is obvious it is just a math thing. >> hmmm. i mean, go ahead. >> i wrote a story about this and i tracked what tim geithner was saying from 2009 to 2012. he is the managing trustee of the social security trust fund. he was out in the media and before congress saying the deficit will get out of control. you had to fix social security. if you don't fix social security you will have to raise taxes, cut spending or borrow more money. that is only way but the trustee fund is basically sitting with a pile of paper ious they have already spent money on. so he has been saying this out in the and flipped when he heard the dog whistle. >> every administration spins.
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the question is where is that fine line about lying. >> between spinning and lying? >> it a difference and a narrow one in washington but i also think tim geithner has always spoken out of both sides of his mouth. is the most overrated treasury secretary we ever had. >> this is election year when he heard a dog whistle. >> people in 40s, they need up retirement age to get social security. used to be only got it when you were dead or expected to be dead. you would die at 63 and give it to you at 65. melissa: if you happen to not die there would be money for you. >> by the way the dog whistle was to keep the democratic base in the tent that social security would not be touched. melissa: absolutely. thanks, guys. you dough want to miss entire interview coming up on "special report" at 6:00 p.m. on fox news channel. we gave awe little sneak-peek there. when you want the drone, without commitment. how one company is looking to capitalize on this red hot market with rent a drone. next time at walmart, pick
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up dish soap and paper towels and a divorce. lauras settings up shop at the retailer's stores. 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
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melissa: move over middle class. a new study finds owning a home is becoming even further out of reach for many americans. the middle class being pushed out of almost a quarter of the nation's largest markets. will the idea of owning your own home soon be a thing ever the past? tom sullivan, simon constable are back with me along with tim ruud. thanks for joining us. tim, i will let you start. surprised to see on the list, there are a lot of places like new york and san francisco, surrounded by water. limited number of housing, you expect houses to be very high but communities where middle income folks are priced out, places like oakland, california? it is spreading to places, spreading to many more places what does this mean to you? >> well it means, there's a lot
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of things out of reach for middle class americans including being middle class. you're seeing less and less be classified or consider themselves as middle class, but call are fornash, yeah, seven out of -- california, yeah, seven out of 10 metropolitan areas are in california. seems to be best opportunities, i think 80% of the midwest still seems to be affordable. melissa: yeah. >> scary thought, homeownership is huge problem on number of levels but looking 90 of the biggest cities in the country are more expensive or unaffordable from a rent perspective. so they're getting pinched from all sides. melissa: tom what do you think? >> there are two things going on. one thing is that the middle class income has gone down. we've got students coming out of college that have debt up to their ears and can't afford to start that process of buying starter home which allows somebody to move up to the next home which is that whole normal process of real estate. we haven't seen the normal real estate market recover and the other part is, is people that
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may have money and i don't have a problem with 20% down. that was the standard for years. melissa: right. >> is that the all-cash institutional people came in and shoved everybody out of the way to where there was no inventory. melissa: they talk about, fannie mae and freddie mac making homes affordable, making this easier. in a way it is ease which you can buy, get mortgages that drives up the price. >> and low interest rates. if you had higher, if you had higher interest rates, you would have lower prices for houses. i know everyone who owns a house now hates me for saying that but it is true. low interest rates are causing apartments that were 10 years ago half a million bucks are now 1 1/2 million bucks. melissa: do you buy that? >> no doubt. interest rates played a huge effect in affordability. what is driving home appreciation largely other than investors which to tom's point about 43% of the market right now, affordability, driven by low interest rates has a huge impact. the problem over the last year where you're seeing the volume
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or pace drop off, values are up 20%. interest rates are up almost a full percent. that is like 25% tax on home prices. so it is slowing down for sure. melissa: we'll leave it there. thanks to all three of you. from the u.s. to every corner of the globe money is flying around the world starting in vietnam where angry mobs are targeting chinese factories and settings them on fire! thousands of people rampaged industrial zones in an angry reaction to china's drilling in part of the south china sea that is claimed by both nations. 200 people already have been arrested. over to italy where silvio berlusconi has officially been linked to the mafia. a court heard that the former prime minister, famous for his parties had dealings with the sicilian mob almost two decades, giving them millions of dollars worth of business up million the '90s. that is shocking! beryler beryl can not be --
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berlusconi can not be tried because it occurred long ago. aimed at defeating american imperialists. oh, no. players can become the nation's glorious leader as he battles capitalist swine and ride as unicorn obviously. the game features a guest appearance from bff dennis rodman who joins kim on basketball court. that fantastic. melissa: video has the world talking, everyone wants to know what was said in that elevator, right? is nothing private anymore? we're talking about the big money involved in all of this with judge napolitano. plus, the world's worst-paying jobs. they're not just confined to fast-food chains. got to see what is on the list here. do you ever have too much money? ♪. i ys say be thman with the plan
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melissa: shares of kate spade looking very fashionable today. the stock seeing big gains after reporting first-quarter earnings. let's go to nicole petallides at the new york stock exchange with more on this one. quite a pop. >> yeah, melissa. tough assume that the shareholders are pretty pleased when they look here at kate spade, when they see this pop in the stock, up 9% today. we're talking about sales that are surging, crushing competition, such as coach though they still have intense competition from michael kors. however they have done well in the latest quarter. they have really shed the other names and focused on their core brand of kate spade brand. they sold off remember, recently lucky brand, among others, talked about the whole brand and sales continue to be very strong, and despite some companies talking about tough winter weather and seeing less
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traffic, not kate spade. they don't seem to be bothered by winter weather and storms, any of the like. we saw sales and brand rising 54% from those net sales. really outpacing all the survey estimates and of course a winner year-to-date whereas coach is a laggard. melissa: nicole, thanks so. so it is the biggest hedge fund conference kicking off in las vegas naturally. our very own charlie gasparino is there. he joins us on the phone with the inside scoop what is the gossip? who have you seen, charlie? uh-oh. he is so filled with gossip that he can not even bring himself to talk about it. we'll get back to him in a second. he had to chase after them and get the story and help bring it to us. for all of you fast-food chefs out there, it is bad news. officially the worst-paying job in the united states, that is shocking. those cooking away in likes of mcdonald's and wendy's getting under $19,000 a year, nine bucks an hour.
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fast-food cashiers and servers close second. sham peers, dish warrers, coffee shop servers making list. on flip side look is whoing most. all medical professionals. not a single businessman or executive in the top five. ceo is in 10th place. emac is joining us now for some reaction on this. >> what is interesting, number one, doctors, surgeons, ob/gyn, anesthesiologists they're in the top 10, melissa. but you know what this study doesn't take into account though, the cost of malpractice insurance. that can really cut into their earnings. melissa: that's right. >> it is interesting seeing 20% growth rate in number of health industry jobs next 10 years. who would have thunk about that would happen. doctors are complaining health reform will cut into their wages. melissa: i know at love folks sold their practices to hospitals, with obamacare and changes in medicare reimbursements, they can't even
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afford to stay in business. >> that's right. melissa: it also had dentists, above ob/gyns and above ceos. i didn't think dentists made that, i love dentists. i'm sure you're out there doing fantastic job but i'm surprise that you make more than those delivering babies. >> ob/gyns get sued more than dentists. according to one study i looked at. what is interesting, you're right, the ceo, only one representative of the corporate world, the corporate world, not the health world but the corporate world is a ceo, that came in at number 10. melissa: e mc, thank you very much. i think we have charlie gasparino on the phone from the salt conference. charlie, are you with us. >> i'm here. melissa: what is the gossip? who have you seen? >> well, you know, magic johnson came by in think. sterling's girlfriend was at -- one of the restaurants here in vegas. magic johnson is here. so that is going to come up.
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tune in for that. big thing later on today, david tepper, great market strategist and hedge fund investor. that could be potentially market moving for tomorrow so let's hear what he has to say about the markets. everybody here is talk about, you know, this is really the 1% of the 1% here. they made a lot of money in the economy. melissa: right. >> made a lot of money. because the fed is essentially a partner whatever they have been doing by printing money and qe and low interest rates, bailing out banks. that helped 1% of this country like there is no tomorrow. the big worry about these investors, and they are mostly hedge fund investors and wall street guys, does the taper happen faster? when does it have to happen and how long can the good times last. >> go chase them down, charlie. chase them down and bring us all the gossip. go get em. >> i will try. are you cutting me off? is that the deal? melissa: well they told me to
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wrap. it is not my fault. >> i want to know why they want me to call in 30-second interview? i can figure of a million other things. melissa: take it up with the producers. i love you, charlie. >> i have a lot things i could do. melissa: all right. charlie gasparino, please don't be mad at me. all our producer's fault. star power fading. big business selling out, big bucks for celebrities to star in their ads but it turns out they might have been better off saving their money. do you think charlie is mad at me? i think i explained it wasn't my fault. worse for the economy, better for your personality. how living through recession is shaping up millenials attitudes. "piles of money" coming right up. ♪.
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streak on the dow, let's go to the cme. >> we site yielded an attendant year, causing a little concern across equity space but equity options we are not really seeing that play out. the lowest volume trading days in the last seven sessions looks like institutional money isn't reading much into this. melissa: and light volume as well. >> finley traded equity markets and equity options lowest in the week. melissa: walmart is going from selling tvs to be delayed. lee delayed. the retail giant adding losses in its stores, and fast and affordable service. is that a good idea. here to break it down, and jonathan honig of capitalist hedge fund and fox news contributor is joining us as
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well. i will start with you. a lot of stuff they are offering you can get something notarized for $25 if there is no contest to force you can walk in and get that before you pick up the milk. good idea? >> not a good idea. in new york as well as many jurisdictions, business can't have an interest so can't obtain. >> leasing the space they are not getting a percentage of profits and so far this is going on in canada. it is leasing the space? >> leasing the space would not be long. and bring it back, and legal services, can't quite do that. melissa: what do you think? >> if walmart succeeds in legal services, they will succeed for the same reason they have been medical services and logistics
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and pricing, groceries where they dominate now. they are good at it and the efficient and bring prices down and push quality of. walmart has been a tremendous innovator. i hope they put legal services. my expectation is just like any other thing they have done not only for investors but consumers. melissa: banking and medicine, seems like this is something that makes sense. for $99 they will do a simple will, something a lot of people need. what do you think? liz: we don't know if it will jump the border from canada to the united states but small legal services like preparing your will getting no resurfaces, not talking about drive through divorces but one irony is if it does jump the border you got to wonder will unions try to get workers at walmart to use the same offices to fight wal-mart. melissa: what do you think? >> there will be a conflict of interest on the part of law firm so they try to avoid that. people will drive in and may get
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a notarized service. this is a service that provides some intellectual property to the individual. it is different from having inventories driving costs down. melissa: you say in that because you are a lawyer and don't want them competing with walmart and driving down the price? >> there might be some self-interest but of course. you are talking about very important things and how far they will go. will be to criminal matters? >> let's hope they go that far. think about the everyday legal issues that small entrepreneur is have to go and tackle, starting a company, these services that illegal servers at walmart -- melissa: legal zoom kind of thing. check this out, a new study finds a link between narcissism and the economy. people the come up asian during
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a recession are less likely to be narcissus later in life. what do you think of this? >> we saw this 70 years ago. was the depression era mentality. we saw it back in 2008 after that stock market declined. people of course a wait weeks and experiences highly and loss of lot of money and try to be more cautious and more introspective and even options prices after 1987 option prices were elevated for quite some time and some people not surprised. melissa: out of the more university published in psychology science and had a big impact on people participants who are 18-25 during the recession but participants were 26-33 years old and, didn't have the same correlation with narcissist, what the you think is special about that? liz: listen. i think jonathan is right. when you kept that punch to the
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gut get wiped out, they don't have a 401(k) balance. they are seeing their parents grew up. that is the wake-up call. liz: hang on a second. >> they wanted from time to time. what you find with people like this had everything handed to them, their work ethic is lacking and they lack humility, there's an arrogance to them and a bad attitude to take through life in any profession. melissa: thanks to all 3 of you. from hard knocks to big bucks, serious cash changing hands form this video which begs the question is nothing private anymore? we have our doubts. at an end of the day it is all about cashing in on stuff like this.
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and letting folks purchase for $1,500 ahead of the full rollout later this year. with the deal? google warns the technology in data mode with a few kinks in it. mark zuckerberg's 30th birth day. almost $1 billion for every year he has been allies. not a bad achievement, that is the latest from the fox business network giving you the power to prosper. all stations come over to mission a for a final go.
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stuart: a hard knock in the new york post reporting the infamous video attacking j z was linked to t m z for of 21/$4 million with that much cash on the line is privacy no longer private? it is the case for judge andrew napolitano. it is one thing if you are walking down the street if someone takes a picture of you. now we have got to this point where people are secretly recording you especially in the view of donald sterling, and making recordings when you think we have some privacy and selling it. does anyone have any responsibility? if i want to make some money, you can plant a camera in the back room, you can -- >> when we look at the tape of j
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z at sister-in-law, this appears to have been taken in a hotel. can hotels have security cameras? can they record what they see, can they sell what they record? who owns the tape. if they sold the tape it would be lawful sale but damaging to their brand. melissa: who would ever go there again? >> intermediary like an employee of the hotels will the tape from the hotel, and dmz, entirely different set of legal implications. and -- melissa: would they be in trouble? what would they have to do? >> they could be prosecuted the prosecutors in california for the knowing receipt and use of solar property they ought to have known they were getting it from an intermediary, from a thief. melissa: they would have to tell unless there were getting it from the standard hotel they
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know they're receiving stolen property without question. judge napolitano: we don't know about the $250,000. melissa: the new york post. melissa: -- judge napolitano: of their reported accurately someone got the $250,000. melissa: you have a private conversation with someone and they go deal into saying something, and we are not saying donald sterling was goaded into saying what you had said and wouldn't have said it anyway but if that happens and you get a famous person and talk to them and try to get them all because you are trying to recorded and selig and make it public. judge napolitano: the standards the supreme court uses as to whether a conversation is private is whether or not the speaker expects privacy. that standard called the expectation of privacy changes with the passage of time. as we enter the post 1984, as in the title of george orwell's book world in which the government captures everything we say through our blackberries
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and i phones and uses them reco expectation of privacy goes down and the actual privacy protections that we have go down. and donald sterling have expected privacy in the bedroom of his own home? absolutely. should j z have expected privacy in an elevator? absolutely not. are those two expectations likely to change? we are in an era where the government wants to survey everybody. that gives everybody the opportunity to engage in their own surveillance in making the government. melissa: the show is called money. a lot of money involved, and when you go out and to attack other people's privacy it gets a little crazy. judge napolitano: j z can be very litigious. i don't think we heard the end of this. melissa: that so stream that is not popping with consumers. according to a new study by unruly, they are wasting money
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hiring big-name celebrities for commercials. here now marketing expert morris laura. we are looking at this big list of people, there are not many celebrities in them. are celebrities not worth the money? >> it depends. in many cases they are not. the hope is from the advertiser we put a celebrity in, people think the brand is cool and they do whatever the celebrity does. the reality is it is not so simple. just because celebrities are mad people don't believe that celebrity actually will use the product. do you believe scarlet johansson is using soda stream? do you really believe shaq is driving a hybrid buick? i don't think so. it falls flat when there is no credibility -- melissa: using it or about them -- is it about amusing it or is it about them entertaining you? >> that is a good question. in many cases the reason
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celebrities are used so often for so many years is they are a good way to attract attention and very good at acting, good and entertaining so that is an element they can bring but also a connection with the brand, it simply doesn't work. is not enough to entertain. melissa: thanks so much. taking a turn for the worse, we have liz claman to walk us through the last hour of trading. what is coming up on the show? liz: i didn't need scarlet johansson to tell me to buy sodas dream. you have to have one. it is unbelievable. never bought one. melissa: let me get to what we have coming up. all week long we have been looking at start ups and everybody seems to be fascinated with aziz but this is the object of fascination with two billionaires'. bill gates loves it and one of the richest men in asia is into this company. let's take a look.
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it is called hanson creek food run by a guy named john s. hetrick. we got him a fox business exclusive. what is so special about this company? doesn't need to be refrigerated. it is planned based egg substitute, condiments and all kinds of things. you know bill gates likes it, might be interesting. at 4 be anything just as cisco earnings come out, the huge task bellwether we have first on fox business john chambers, yes indeed. first he is speaking with us about the atmosphere in routers and switcheses but also very big on the internet of things and making big investments. melissa: sound like a great show. breaking news, new york times is naming dean batte as the new executive editor. we are just getting this right now. the first woman to serve in the roll. stock is struggling most of today but over the last year
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shares of the new york times are succeeded presents other at a good run of it but change at the top is what we are hearing. they say there is an apps for that they needed. what do appleby, federal reserve and stylish footwear all have in common? more than you think. we have the latest and more importantly who's using them? you can never have too much money. (mother vo) when i was pregnant...
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that works. he's the night owl. his side's up while you're in dreamland. you're the early bird. up and at 'em. no problem, because you're in it together...keeping the love alive. and by the way - snoring? sleep number's even got an adjustment for that. crazy? only if sleeping peacefully with your soulmate is crazy. you can only find sleep number at one of our 425 sleep number stores nationwide. (and) right now all beds are on sale. yep, all beds, starting at just $649.99. know better sleep with sleep number. melissa: we will show you the major averages because we are sitting at session lows as we get ready to enter the last hour of trading, the dow trading down 1/2%, the russell that is getting hit the hardest and down 1.1 myself, that is the canary in the coal mine and one to watch.
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whether it is on wall street remains 3 years who is making and losing money. anyone with a piece of ibm, shares sinking after the company said it is still seeing challenges and its hardware business. the company is poised for growth but not everyone is buying that. shares down 2% right now. and 130,000 shares meaning she has lost $410,000 this morning. making nearly $1 billion, christie's the auction houses smashed records by selling $745 million in 3 hours thanks to asian buyers who snapped up half of the top ten works including one of andy warhol's famous marilyn monroe images and giving away money, offered to pay for museum in upstate new york in honor of iconic inventor
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nicholas tesla is technology features in his car as the popular online cartoons site was able to taser the land where he did many of his experiments and he will help with some of the $8 million needed for the museum. very nice. it is time for a little fun with spare change and if you ever long for more social interaction be prepared to be thrilled. what is appleby? and diehard appleby fans. and todd hazleton, they claim they are not behind this, this is just an impromptu prop because people love appleby is. what do you think? >> i called them before the show. has said this is a great head the of 4 guerrilla marketing and it is not but they thought was fantastic. ended is amazing, it allows their fans to get aside from
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twitter and face book. a lot of good reviews, i didn't check out because supposedly only works inside appleby is. using four square api. melissa: interesting. finally something for all the people who demand more janet yellen. can't get enough of her. the fed is launching a version of its own mobile apps. i can't think of anything more exciting. >> seems really boring. there are so many opportunities to make it fun, they could have done that. but -- melissa: they didn't put gains in? chances to win free cash, and -- >> don't know -- melissa: whenever is the hairstyle. like the fed. melissa: a lot of new terry
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bradshaws. and matching you with your dream hair of stilettos. you are looking at shoes. you can like something or not or swipe away. i was thinking, a company like amazon, more granular with shoppers. and what kind of shoes you like or like something. melissa: didn't hear anything you had to say because i was staring at the shoes the entire time. they are so fabulous. buying the drone is such a thing of the past. the new way to get into the sky wars, renting one. and the sky is the limit. we are going to discuss it. it is all about drones. we're moving our company to new york state.
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melissa: listen up drone lovers. why not borrow one? strategic consulting firm 32 advisors are renting drones for canoecommercial use. they will even fly it for you. but what fun is that? as soon as they get it all sorted out, i am definitely renting one of those bad boys. what do you think? >> i think it is a really cool idea for commercial use for farmers and oil pipe liners. we know they kept $4000. for cinematographers and stuff like that they get really expensive. >> i wouldn't want them running a drone, would you want that?
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liz: i don't want to comment on charlie gasparino. i don't want his wrath. you think he will be spying on you? >> how is this going to work. what about the insurance on this thing. liz: i think drones are here to stay. he drove the amazon drone to the front to deliver an award. it was right there ready to go. they are not going anywhere. there will be one flying over your head recording everything you do, putting it online. we can carry umbrellas. i don't know. all right, thanks to both of you. that's all we have for you right now. stocks at the low of the session, so keep an eye on that.
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nobody better to take you through the next hour then liz claman because "countdown" starts right now. liz: market tu tug-of-war. as they square off against the fight of new all-time high. yahoo ceo drops another hot startup into her shopping cart. will yahoo find the holy grail of revenue after the giant ipo? is blackberry getting back into the game? it just unveiled the touchscreen phone made by fox con. will they turn up the heat again or be buried by an avalanche of smart phones? the definitive debate. and food and tech pioneer has now caught up a recipe for healthy affordable eating that is so attractive billionaires like

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