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tv   MONEY With Melissa Francis  FOX Business  May 20, 2014 2:00pm-3:01pm EDT

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that is what i wanted to bring to sport bikes because harley did it well in the cruiser market. but boy, we needed to do it here. >> gotcha. appreciate you being with us exclusively on the fox business network t was a fun day. you ought to get on the back of one of those things. it is cool. dierdre: would be great fun, jeff flock. thank you very much and your guest. we'll call your attention though in the meantime to the markets down across the board. melissa francis has the next hour for you. melissa? melissa: that's right. we're going first to markets which are losing steam quickly. all three major indices sitting near session lows. let's bring in the panel, fox business's charlie gasparino, jo ling kent and baron's editor jack hough is with us as well. we're down 170 points. all of sudden with comments out of charles plosser with the bank of philadelphia obviously talking about how he thinks that the fed is getting behind the curve. if the economy continues to go the way it has been they need to raise rates more quickly and
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step up the pace of the taper. charlie, what do you think? >> what is scary about this market, just from a market standpoint, it trades off on offhand comments. if janet yellen said this, would i take it more serious. melissa: you just think he is out talking on his own? don't they coordinate these things. >> yeah. but you don't have to listen to it. i'm reading tim geithner's book how much people ignored, how the fed chairman often ignores some more right-wing elements, the less dovish people own the federal reserve board. so you know, it's possible, i mean this guy could be talking out of tune, no representing what janet yellen and what president obama want. i would say another thing the markets are scary. look at david tepper last week. clears his throat, says something, the market goes down 200 points, jack what do you think. >> the reaction is a little nonsensical if we're getting better than expected growth going forward. that is what stock investors should be looking for. shows you how much artificiality
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in the stock market with regard to interest rates. melissa: if we continue at pace he forecast, 3% rest of the year he thinks that will lead to too much inflation and taper sooner and hike ininterest rates. do you think we'll have 2 1/2% rest of the year. >> they should be so lucky. inflation if anything is little too low right now. >> i think, i'm sorry, go ahead. >> seems to me that lack of coordination in a sense could be also be attributable to the fact they may be trying to figure out how the market would react in that case. melissa: meantime talk about an extremist po, camera-maker go profiling $100 million initial public offering. jo, what do you think? >> this is really interesting stock. they're positioning themselves as -- melissa: what is barrier to entry? go pro is so cool. we use it in real life but it's a camera mounted on something, yeah. >> i think the growth numbers
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there, they had great growth year-over-year but just in their most recent period the growth doesn't look that impressive. >> that's true. >> you need that raging growth going into the offering if you want to get one of those crazy -- melissa: tell you about the ipo market, charlie. >> talks about technology. i remember martha stewart omni media called it mart statute omni media.com to get higher valuation. this is camera. melissa: it's a cool camera but just a camera. >> price it as a camera. value as a camera in the market. melissa: good point. microsoft unveiling third generation surface tablet earlier today. the company says it is a tablet to replace your laptop. wow, surface 3. that means there was a surface 1 and 2 and i totally missed it. bless their hearts. they're trying so hard. >> you want a tablet or laptop? who are people right in between who happen to be in this spot want the surface? i'm not sure. melissa: i have both and they're both apple.
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i have a ipad and laptop that is apple. what do you think about this one? >> build a better mousetrap. i'm unconvinced this is better. melissa: jo? >> t certainly a challenge on their front. they're trying to do something nobody really seems to care about and -- melissa: surface 3. i didn't know there was a surface 2. >> the name is microsoft, stick with the software and get out of hardware. >> this is preexisting thing of satya nadella joining as ceo. they will focus more on mobile. this is one way to do it. this is part of the old guard. >> if they don't build machines to use their software no one else might build them either. melissa: there you go. san francisco reached full employment, did you know that, with jobless rate of 4.4%. that is the lowest level in the metro area since the great recession. way better than the rest of the state which is 7.8%. there is so much unrest in the san francisco. they're attacking google buses. out protesting people leaving their homes. >> listen, we had occupy wall street, they complained
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about the 1% this was like a fraction of the 1% of all people. melissa: right. >> that caused a lot of havoc downtown, besides the fact they were just disgusting people. melissa: tell us what you really think, charlie? don't hold back. i hate it when you confine yourself. >> interview these people how to delouse. melissa: how did that go. >> in a suit and was cordial. melissa: i bet they loved you. san francisco has had a long liberal tradition and bumping up against reality when you have a lot of people working rents go up. prices go up. >> they're so mad at tech. here they are at full employment before anyone else. why are they so angry. >> point to a lot of problems. point to inequality. point to homeless. charlie pointing to lice. jobs are jobs and booming there and that's good. >> what type of jobs are booming there? >> you wonder, these dot-com. melissa: a lot of them are tech. there are gains across multiple industries including construction, leisure,
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hospitality. the whole economy is lifted by technology yet there is this late tread of technology. >> it's a minority, it is a minority of losers. melissa: i hear you. >> unemployed losers. melissa: leave that one on that note. buzz feed looking for its next steps after negotiating with disney failed to provide a happily ever after. fortune is reporting the online media company is considering an ipo. i love bus feed because most of the stuff they do is about cats? 22,000 pieces of content, more than, included about cats as opposed to 11,700 about political stories. bus feed. people love buzz feed. it is on twitter, it is everywhere. there are a lot of cats. >> are they mentioning the word cats or about a cat? melissa: about or includes cats. cat photos doing cute stuff. people like that. >> very popular. they get a lot of readers. call me old-fashioned -- melissa: you are old fashioned. >> i like businesses that charge people for what they do. >> very out of favor. who does that anymore? >> i don't think that is out of
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realm of possibility because they generate a lot of serious content behind cat photos. they do investigative stuff. melissa: not about charging people. it is about mining your information from you and selling it to someone else. studying your habits and know what you're doing and sell it to someone. if they are sticky and get people on it -- >> our colleague katy on the dot-com did report on business insider. they were thinking of selling themselves. someone valued them at $100 million. melissa: i don't know how that is possible, yeah. >> these things are going up in theoretical value. i'm dubious these things will make money. >> buzz feed walked away from serious offer from disney. maybe they hope to get timing right on ipo market. >> they better move fast. melissa: jo ling, what do you think? >> they walked away from a very serious offer. ipo is maybe not necessarily their first choice. >> who will buy it? melissa: disney wanted it so --
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>> disney wants it because it puts it in a bigger property and use economies of scale. as a a stand-alone thing how muh money are they making? melissa: i think they're mining your data. there you go. cable companies are most hated of all. that is according to the american consumer index. time warner cable ranks worst among consumers. time warner cable. among the companies everyone hates, they hate time warner the most. >> that is understandable. >> do they hate them more than they hate reporters? , i think so. >> lawyers? melissa: you don't want to get into specific reporters. basically time warner cable is the most hated enemy. >> what i doesn't understand five or six times a year, i have time warner, something goes wrong with cable or internet. what never fails is the billing. take that, people running billing and put them in charge of getting me internet and cable. melissa: what a great idea. comcast was also hated. at&t and -- >> two top guys are merging, two top hated people. melissa: at&t and directv got
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best marks. they were scoring a 69 on the index which is good appointly. those guys joining up. they are beloved. i have directv. i love directv. there you go. >> no question people really like netflix and amazon prime because it always works and it is available. more people who are hating the want cord cutting. >> also expensive. cable is expensive. i think that is what is the a the heart of this. melissa: i'm a big fan of cable because i'm on cable. >> i like cable too but it is expensive per person. >> worst thing about time warner when they keep you on hold 10 minutes, a voice every 30 seconds says we're committed to being the best. you hear that over and over. melissa: i think you have a lot of personal experience. i think you're very passionate about it. >> too close to the subject matter. melissa: guys, thank you so much. so he is putting a ring on it but are your hands ready for the close-up? bridezilla taking wedding prep to a whole new level with cosmetic surgery for their ring finger. i'm not kidding. we'll, yes, why social media is
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to blame. charlie thinks his hand are lovely. paradise lost. bahamas is tropical haven with sun, sand and constant surveillance by nsa. believe me they're not looking for your tan lines. more "money" coming up. ♪. weekdays are for rising to the challenge.
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melissa: nsa is going tropical at least if you believe edward snowden. his latest reveal that nsa has complete audio of all cell phone activity in the bahamas, all of it, storing it up to a month. does this spell trouble for investors with special interests in the u.s.-friendly island. fox news senior judicial analyst, andrew napolitano. it is what i expected. do you believe him. , do you believe edward snowden this is true? >> i believe edward snowden, because way releasing materials is releasing document support for them. the documentary support which i
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haven't seen exists for this. i also believe snowed snowed because not a single one of his revelations has been denied by the nsa or the federal government. why the bahamas? i don't know why the bahamas. melissa: i know, especially in the bahamas a ton of companies relocated there because is tax-friendly. joe lewis, a very famous, forex trader, currency trader who is based there. has attract ad lot of professional athletes and their home offices to one of his properties there. there are tons of companies. >> but the nsa's mission is look for national security threats, not tax cheats. melissa: you believe that is their goal. >> that is their, that is their mission under the statute. if the federal government is using nsa to look for tax cheats under the subterfuge that it is looking for threats to national security, it is not only violating the constitution, it's violating federal statutes. and evidence obtained from this would be incompetent as evidence
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at trial. melissa: what else do you think of looking for? citigroup and barclays have big operations there. they're recording every phone call. that's what he is saying, every single phone call is being recorded. >> if you were going to the bahamas and i'm thinking of not going because i know my phone calls -- melissa: i'm going to weekend. i'm not going to bring my phone. >> are you really? melissa: i'm honestly going it weekend. >> no difference the way your phone call is treated in bahamas and new york city. every phone call is recorded digitally, not listened to real time but digitally recorded and stored by nsa to access when they want without a warrant, by a judge. absolutely prohibited by the fourth amendment, carried on regularly, consistently, systematically. the nsa captures so much material if it were printed on paper it would consume 27 times the library of congress every day. that is how much material they download from the billion human beings nationwide.
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the bahamas is the lease of this, from the billion human beings nationwide they monitor, including the pope and including the chancellor of germany, i think one of the reasons why this revelation is making news. you go to the bahamas not your own citizens. some not. you're just recording and saving phone calls from anyone you want all the time. >> i would suggest this to you. you know far more about the business environment about the bahamas than i do and i realize this is business show, the government of bahamas would have to be aware of it. if this is literally 100% snowden says and government doesn't deny that would not be possible without the cooperation of law enforcement in bahamian government and that would produce a political problem for that. melissa: we'll have to follow that. if you're looking to teach your kids finer point of business, look no further than the selling business on itunes, weed firm, lets you grow from a botany student with a green thumb to titan of the marijuana industry
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with financial acumen and some police bribery. the game is apple approved. they are not endorsing pot smoking or drug dealing. they're not endorsing drug dealing. >> i know ahead of time you could ask me about it i ask young producer who is 1/3 my age what this weed firm is. i haven't sign it but i understand it. who is complaining? parents that their kids will use it? >> parents expect apple to discipline their kids? what about parents disciplining their kids. melissa: teaching them how to do something illegal well. i don't know. >> you can buy books on safe cragging and robbing a bank and -- safe cracking and get them at government libraries. melissa: i would be so sad and if i turned on my kid's ipod he is learning how to be a drug dealer. >> would you expect your child wouldn't do it because you asked your child not to or because apple prohibited him? melissa: i would expect i'm trying to do a decent job monitoring what he is doing. we all do our best. >> you're not happy with this story. melissa: i'm not.
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there is part of me, well they're making money and they're doing what they're doing and parent part of me that is really distressed about this. >> our colleague varney would say? buy apple stock [laughter] melissa: end on that note. i love you. thank you so much. market the coming off their lows. blame it on the rain and snow and cold. brutal quarterly results from some of the nation's retailers. nicole petallides on the floor of the new york stock exchange with all of the names to know. nicole, what is going on down there? >> melissa we take a look at a lot of the retailers kids hit in addition to the wii payment. what happened to "space invaders"? that was such a nice game. home depot, dick's sporting goods and staples. home depot is exception here. that is up 1.8%. tj maxx we're watching closely. they are the parent of tjx and tj maxx and marshals under the t.j. g umbrella. staples is big loser as well as
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dick's sporting goods. when i talk about dick's, golf, hunting. they are seeing some. losses. they need more foot traffic in the stores as well. back to you. melissa: nicole, thank you so much. vladmir putin touches down in china and he is hoping to return to the mother land. $400 billion richer. the gutsy proposal from russia that is sure to ruffle some feathers in the west. the unbelievable service that has casanovas dropping big bucks in the name of romance. is paying for the right-wing man really the key to scoring with the ladies? tweet me and tell me what you think. "piles of money" coming up. ♪.
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but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. 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: from the utz to every corner of the globe money is flying around the globe. vladmir putin trying to create economic ties with deteriorating relations to the u.s. putin is pedaling a $400 billion gas supply deal that would bring much-needed cash flow to russia. j. crew is looking to make a big move across the pond. the all-american retailer is scouting possible locations in paris, hoping increased international presence will make up for sluggish sales at home. this is j. crew's first in continental europe. good news breaking into the paris fashion scene. landing in switzerland, one ex-wife is getting ultimate marital revenge. the priciest divorce settlement in history. a which is court ordering a russian oligarch to pay his former bride $1.5 billion and
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hand over property worth 46 million. the 27-year marriage will take a pretty hefty chunk out of his 9 billion-dollar net worth. who says love don't cost a thing. wow. do you feel rejected. instagram doesn't get enough likes? or hashtag fit selfie from the gym doesn't receive enough positive reinforcement? you are not alone. new study says active involvement on social media for users to find sense of belonging. are we going off the digital deepened? dr. keith ablow joins me now. how people react to your social media presence is deciding whether or not people feel good about themselves? help me. >> absolutely. yes we're going off the digital deepened because we're replacing real and authentic self-esteem with a synthetic, technologically-generated series of feedback loops. so, these people aren't your friend on facebook. and what you're posting may have
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nothing to do with real accomplishments. it may be a cute video you found somebody else did. so that is what people are after now. and it bodes very ill for the future performance and self-esteem of young americans. melissa: yeah. i mean i saw another poll talking about the fact that you know, when people go online and look at other people's facebook pages and see how happy they look in those photos it makes them feel depressed. they file like their life doesn't measure up. is there anything good about facebook from your perspective. >> no. i don't think so. >> no. >> people say it allows me be in touch with folks i would never otherwise find again from the first grade class. guess what, if you were not putting effort prior to facebook to find them they're not important enough to communicate with. even that is false. putting you in touch through a synthetic medium with folks you would never put effort, the connection, they're actually creating relationships that
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don't matter either. >> that's fantastic. all right, not only are we not happy on social media, a new "fox news poll" shows americans are less happy now than they were a decade ago. coincidence with the rise of the selfie? i think not. look at that. very happy, 53% now. 68% before. i still think that is pretty high. i don't know, what do you make of this one? >> well, there is a very significant decline and it is consistent over the past decade. there is no question that people's happiness is seemingly going down or at least their self-rating of that happenness. i don't think it is an accident that cell phones, that other mobile device, that facebook, that twitter, is alive in these times because like any drug that gets you high, the underlying emotion is still one of isolation and despair. and we're going to see a worsening of these numbers over time as technology heightens our disengagement from others and
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ourselves. one interesting thing is, i'm surprised it isn't lower in a time when we have politics that is so disenfranchising of so many americans and frankly, a leader in the white house who doesn't much like a lot of american ideals and values. it is an amazing thing to me. melissa: he likes social media. it is interesting, there might be connection. let me ask you about engagements though, almost always make people happy. brides to be can't wait to roll out new rocks. >> for some reason. melissa: many are opting for plastic surgery? hand lift is to doll up the digits before the picture goes public? this is, there is a significant movement afoot or a hand. >> a hand. melissa: yeah. this is even more tragic i think than the whole facebook thing. what is wrong with us? >> it totally fits in, right? i'm not somebody who is against all cosmetic surgery. if it makes you feel better,
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okay. melissa: okay. >> we're seeing a really unhealthy synergy in a negative way between social media and cosmetic surgery because people can't even stand the idea of someone judging their hands anymore. they're literally getting surgery because they anticipate not getting enough likes or getting negative feedback from strangers. keep that in mind. most of your facebook friends are not your friends. you can't borrow 50 bucks from them. they're that sensitive to the perceived pleasure or displeasure of a crowd of folks they may never meet or may never have otherwise been in touch with that they're willing to cut their hand up in order to get better responses. melissa: wow. >> this is an epidemic. it literally is. we unleashed a drug on america called facebook and twitter and rest of this stuff and we will -- melissa: i will get off twitter right now. i was going to open an instagram account. i am so depressed i will hug my kids instead.
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>> thank you. good idea. take care. melissa: target's day of reckoning. that was rough, right? all eyes on the bull's-eye as the embattled retailer braces for a dismal earnings report. but they have some company at the bottom for sure. mcdonald's managed to create a mascot even creepier than ronald macdonald. have you seen this guy? thanks to him your happy meal comes with a side of nightmares. "piles of money" coming up. ♪. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born.
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simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. i'm d-a-v-e and i have copd. i'm k-a-t-e and i have copd, but i don't want my breathing problems to get in the way my volunteering. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours.
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become the next business to discover the new new york. [ male announcer ] see if your business qualifies. . mark nunez at the stock exchange. what is the chatter? >> we saw a bounce which was
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reversed, dudley came out with statements that caused concern among and -- investors that rates would be lower than anticipated. bottom line is the market continues to follow the movement not only in ten year yields the dollar-yen. there is some scare about europe all of a sudden with what is happening with all the yields not only in italian and spanish but portugal and greece, deals starting to skyrocket. we see a 40 basis point move in spanish bonds and we see that was important for equities. small caps leading the way down. that is important. russell is down to 1080. the s and p at this point, $18.60 is the key level lot of people are watching, near last week's lows so we probably get three to fiveays lower t tough to make much of this. melissa: w wl anye on it and appreciate your insig. mcdonald's debuts its new mascot
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in the s.ed happy but twitter users are not letting it. std e horrified. hee to discuss retail alyst howe of barron's, it is a li scary. >> i di't rli that the came wh sensors. ouet thibig smileut loo at that it is s.ca smile. > this ia smil happy meal this is not an angry meal cal meal. >> look at thaing. ing out of its skin mburger grimace ton >> look atome of the tweets that were hysterical and fun to go throughch we spent some time doing today. a mixed stake was ptty funny, it is the meals that leads you which is kin what heooks
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like. >> you keep saying he. i don't think there's a suggestion of that. and it doesn't sound right to me. somebody else said this is horrifying. please tell me and and payne in turn designed this because otherwise there's no excuse. you are retail expert. what would you tell mcdonald's to do? >> the fun facts about their mascot, a grimace at one point had eight arms and was drinking a bunch of milkshakes. very terrifying. >> they go through a lot -- so we find a perfect one. >> happy's job, holes and beverages like water and juice, offering you a grand all kinds
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of other things so is an effort to read brand the happy meal little bit. when my kids go to mcdonald's, they want the happy meal, my little one asks for apples instead of french fries, they are doing their bit. there are tiny fries but -- i don't know. >> does it make your child eat more apples? >> they love the arch and they know mcdonald's is in there and you can make the box look like anything. >> i ask for the apples and my 4-year-old yells from the back chocolate shake. >> while we have you, and dismal earnings from big-name retailers, investors will be focused on target when it reports before the bell. what do you think we should be watching? they have a bull's-eye on them. i shouldn't have done that. >> the former ceo left at the
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beginning of may, it is down 6% so everyone has their eye on target at this point. year over year the stock revenue has in downie%, analysts are expecting them to see a loss not as severe as it has been in the past that definitely expecting a loss. cheryl: do expectations tell you anything about target or are the two animals? >> the problem with walmart is there losing their customer base so that is why we see this dip in sales but customer base is feeling a little better about the economy. they are going to target. with that said -- >> when you look at price surveys year to year you see amazon getting sharper on pricing to compete with these chains, both of them are in deep trouble because it tends to my great online. cheryl: the housing market is looking up but some homeowners
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are too afraid to sell even when they're getting top dollar. at the end of the day it is all about money. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. with the mobile trader app. if ...heyreathing's hard.e... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours.
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spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. melissa: melissa frances with your fox business brief. more recalls for general motors. the automaker recalling 4
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million vehicles, the action is separate safety issues including safety belts and air bags bringing the total number of gm recalls so far this year to 29. credit suisse is pleading guilty to criminal charges at the u.s. justice department, charging the swiss bank with helping wealthy americans avoid paying taxes to offshore accounts. the bank has agreed to pay $2.6 billion in penalties to the justice department and the irs, the largest penalty imposed in any criminal tax state. a quick programming note, peter barnes's exclusive interview with william dudley coming up at 4:00 p.m. eastern on "after the bell". that is the latest from the fox business network giving you the power to prosper.
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now printing is so affordable and convenient, you can print all you want. hp instant ink. save on ink and never run out again. plans start at just $2.99 a month. welcome to the future of printing. melissa: rent or buy? a million-dollar question with a different answer depending on where you live but as more people get priced out of the market is becoming a new question in and of itself, even scaring some homeowners out of the market. let's go to our panel, cheryl casone, jack howe, portfolio manager, where are they renting versus buying and how did they make that decision? >> 8% of counties across this county, better to rent, new
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york, san francisco, jackson hole, wyoming, who would have known? a lot of markets have become an affordable especially in san francisco. if you are a teacher in san francisco you can't afford to buy and the new york you can't afford to buy soap new york is a better option, simple economics. melissa: at the same time you were hearing about a lot of people who don't want to sell their home even when they are getting a high price. what is behind it? >> the question is you sell your house, then what? where are you going to go? if you look at the prices of homes and how they escalated, the question is i'm going to sell my house, reinvent, trade up but what do i have? that is the question plaguing people. >> people don't have enough equity in order to make that trend. >> exactly right. there was a story this morning, 18% of mortgages were under water. where does the first-time buyer go? >> what does this talk about going forward?
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>> it shows basically the data we are looking at over the last three four months there's a lot of weakness in existing home sales, this tells us why. homeowners on not comfortable and where is the hope first-time home buyer, millennials, sitting on student loan debt, can't afford to put 10% or 20% down a lot of cities and this generation, what we don't remember, we were in our 20s it was a great time to buy, they are saying we went through a housing crisis, and put my money into a, would rather invest somewhere else. >> no harm in venting, just talking about what it costs to live in a certain place. no one knows the comment kids equity and builds a forever. >> with a lot of people not wanting to buy homes, what has happened to rents? wents of skyrocketed. not as good as you would think. >> before you go you have to
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seize this amazing video in florida, this is a giant elephant in the waves of the gulf of mexico, not exactly his natural habitat, shocked onlookers left to wonder and get out their cameras and immediately make a video online, use this to fly here. is this dumbo? the truth is almost as we. the audit was rented by a homeowner. i guess the elephant didn't like the food at the party. i hate when elephants don't do as they are told. it is frustrating. >> and entertain my party. i don't know. how is that desirable? >> it is always on paper when that happens. i was just going to say i wonder if homeowners are renting or he owns it. melissa: thank you for bringing it full circle.
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there was nothing about this. >> how much does it cost to rent an elephant? >> thanks to all of you. the big last hour of trading with market losses picking up steam. liz claman is here to take us through all of that. what is coming up? >> when in doubt use great video. >> that owns the screen. we are looking at a pretty significant sell-off. we are off the lows of the session but the fed began to speak, people within the federal reserve, we have been promoting all day long, we of course have a fox business exclusive with i guess you could say the rest interview, the hardest interview to get, peter barnes has that and 4:00 p.m. but before then we are watching microsoft and we are going to look at the brand new surface probe they just unveiled. the thing is not cheap. we are going to ask who are you going for with this over $1,000
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price when you add in the keyboard, the microsoft corporation vp of devices in studio, we always like good competition. is great when you have the nexus and the apple, it is interesting to see more jumping in and spiraling deeper in the tabloid world. melissa: we look forward to it. champagne wishes coming through. the drone delivery service bringing a whole new meaning to living high life. we are going to tell you where and how much coming up next, you can never have too much money obviously.
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melissa: wall street or main
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street here is who is making or moving money, the new york times, publisher arthur seeking out his first interview since firing executive editor jill abramson. he tells vanity fair the, quote, would have done it differently. looks like investors would have two shares of the great lady down 2.5%. they own 6.7 million shares, he is losing $3 million today. hoping to make some serious cash the rules of wall street reports today he expects to make $100 million this year. and the motivator speaker, and he hasn't finished paying back the $110 million he owes from his criminal days. and california at is headed to the belmont stakes in hopes of winning the triple crown but that $900,000 fries is the bottom of the barrel for his owner.
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he could get $1.5 million a year the next few years. pretty nice. bringing bottle service to all heights, a luxury california hotel is offering champagne service by drone. champagne is here. here is the man behind the service, michael more. thank you so much for joining us. how did you come up with this idea? because drones are all the rage? >> thank you. coming up with this was a collaboration with our marketing team and social commerce team and with the launch of the mansion two weeks ago. the mission statement to deliver impeccable and sophisticated service and the ahead of the curve figuring out ways to utilize technology to advance that service. melissa: have you done it yet? there are a lot of variables at work here, a lot of birds in the area, weather problems, you might potentially crash into one of our guests. did you have any insurance issues around doing this?
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how is it going? >> safety is always at the forefront whenever we do anything like this so we definitely were recovering from an insurance perspective and if the conditions in the bay area are unsafe then we wouldn't be launching the road and we are not going high enough to interfere with anything. melissa: a guest staying in the $10,000 a night alexander sweet has the option of this service, and 11 room mansion that goes for $25,000. don't know if there are two prices or two different things. >> it is 5,000 square foot presidential suite. melissa: you are currently working on customizing many drones as well to deliver cookies, champagne is not what i want. >> we are always going to be thinking about ways to enhance the guests experience in doing things today that the
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hospitality industry of to do years from now so we are working on other things involving drones, other tech stories. melissa: can i get him to deliver wine instead? >> will be customizable, champagne and wine just one option. melissa: see you soon, thank you so much. so listen up, fellows. the key to getting a good-looking lady may be standing next to you. the new service that helps break the ice, at the end of the day it is all about money. peace of mind is important when you're running a successful business.
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♪ ♪ melissa: it is a burgeoning romantic industry that makes online dating look downright quaint. rent a wingman operations are
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springing up all over the country. it's true. wannabe rome mows are showing up to help with the ladies. back to discuss it all, joling kent, jack howe and chris murphy. this was a very serious article in "the new york times," they were talking about one wingman who charges $1,000 for four sessions if you use them within a month. [laughter] and he goes with you to the bar to help you pick up the ladies. you are laughing, are you covering for the fact that you're a paid wingman -- >> i certainly wouldn't pay me to be a wingman, that's for sure. what i would say is, you know, put the keyboard down, you know, put the xbox away, get out there, talk to people yourself. be a person, for god's sakes. melissa: i don't know, i remember as a lady the perfect wing lady was pretty enough to attract the crowd but just a litt less pretty than you -- [laughter] the idea of finding the perfect person and paying them to come along, there might be something to that. jack, you look befuddled. >> i'm confused. i get the idea, you hang out
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with someone better looking -- melissa: not better, slightly less good looking. >> you want to be the catch. you need a thousand bucks for not being so good looking? [laughter] i'm just saying. melissa: jo, what do you think? would you be horrified if you knew the guy that picked you up had a paid wingman on his side? >> i wouldn't be, but with i would question their ability to do other things in life. [laughter] whoever of the preferred sex, right? and if you look at the skills that this wingman is supposed to bring to the table, meditative mingling? could we get -- [laughter] what does that mean? i don't even know. melissa: i don't know. you look up at the right moment, utility your head to the side, and i was kind of trying to do the motion as they were describing it. i don't know, but i think some fellas need the help, and if you can pay for it -- no. >> no. melissa: you say, no. are you lying because you're on television, and would you do it in real life? >> if you're paying a thousand
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dollars for a wingman, you're probably a terrible person. you should focus on being alone. [laughter] melissa: well, let's leave it there. thanks to all three of you. that's all we have for now. i hope you're making money today. "countdown" starts right now. ♪ ♪ liz: retail rout. disappointing results from staples, home depot, dick's and tjs leaving investors with big questions about the future. payback, one day after the u.s. hits china with cyber espionage charges, china in turn bans microsoft windows 8 from all government use citing security concerns. this comes just as microsoft's new ceo tries to turn the company around. he unveils today the new surface tablet. we asked microsoft product chief ewe receive mehdi about the china pallout and why his -- fallout and why his devices deserve a second look. you knew this was coming, frozen on ice. disney

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