tv MONEY With Melissa Francis FOX Business May 28, 2014 2:00pm-3:01pm EDT
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speaking of soccer we'll turn things over to melissa francis. that sun fair. melissa, i have to get your makes later. melissa: i'm fantastic at soccer. isn't that what you talking about? i'm a champion obviously. deirdre, thanks so much. cut to junk. real-life "iron man" elon musk brought down-to-earth as tesla get as whopping credit downgrade. kicking the downward dog, betting big on women wearing yoga pants around the clock. a certain princeton mom is about to lose her zen. call him chairman mark. billionaire mark andreessen telling new grads, ditch what they love and what benefits society instead. even when they say it's not, it is always about money. melissa: before we get tart stated we want to keep a eye on the market as s&p 500 struggles to stay in the green.
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if the index manageses to close in positive territory it, would be the third record close in a row and 13th of the year. fox business's charlie gasparino, "wall street journal" james freeman and former verizon president denny strigle. >> we're thinking with all the money printing there will eventually be a reckoning, right now the market is rising with economic news not all that great. melissa: absolutely. another big blow for detroit. a city task force demanding 40,000 buildings being demolished and cleaned up immediately due to dire conditions. comes with a hefty price tag, 850 million bucks. the real cost could be billions or higher. charlie what do you think about this one? you've been reporting on this for a while? >> listen, detroit is in desperate shape. i do know wall street firms advised them to basically downsize the city and sell off chunks of it. abandoned land or city's condemned land. there is lot of abandoned buildings. melissa: 40,000 buildings to be
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demolished. >> and miles upon miles. detroit is huge city sizewise. one of the biggest cities in the country. they have been saying downsize the city. make it a lot smaller. sell the land, possibly to private equity. now this is being bounced around t was no in this new report that came out. melissa: from the task force. >> i will tell you there are wall street advisors have told them that is one way at this. listen, detroit is on a lake. if you did condemn that land, bulldoze it, set up different municipality, who knows. melissa: at the same time there are already people complaining that the affordable house something gone. there is one program called, live downtown. it attracted 15,000 new residents. local companies like quicken loans and blue cross-blue shield given employees, 20,000-dollar loans completely forgiven if they stay downtown for five years. >> that's downtown. this city is sprawling. that is one thing. melissa: yeah. >> here is the other thing. i really think, in order to bring back detroit you have to be more creative.
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why was detroit so big? because of the industrial revolution. factories all over the place. that is gone. i don't think silicon valley will crop up. melissa: what do you think? >> so the question, i would have is, before you go bulldozing everything, what is the overall plan? what we hear are bits and pieces of things being done one at a time. what i would like to know what is, what are you going to bulldoze? what are you going to clean up? it all sounds good. let's get rid of the blight in order to start the city back -- >> there is no one living in these places. >> i understand there is no one living in these places but, how much money are you going to spend? melissa: yeah. >> why don't we do some subdividing -- melissa: that's why you need investors. major developments in the battle between former aig chief executive hank greenberg and new york attorney general. charlie, what are you hearing on this one? >> interesting thing. you would think hank greenberg never wants to settle. melissa: feels like it. it has been going on forever? >> fox business has confirmed there had been settlement talks
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over the past year at least twice between representatives greenburg and attorney general eric schneiderman's office. this is a case, as you know dated back when spitter was attorney general and hank was running aig. it was a accounting irregularities. lots of the case has been thrown out. this is where the talks break down over potential fines and schneiderman's push to get hank be barred from the business. here is an interesting thing which has got a lot of people talking. hank greenburg has gotten rid of his long-time pr guy. he was a thorn in the side of schneiderman for a while. was republican. came back and hired a dig-time democratic operative. a lot of people think this is beginning possibly an olive branch to schneiderman. melissa: the reason why people out there would be interested in this is that it tells you what kind of a fighter the attorney general is. >> and greenberg. melissa: and greenberg. what does it tell you how he is taking on cases and what it means for people with money? >> this is a case he inherited.
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the question is why he pushed it so far? this is spitzer case. why didn't cuomo abandon it, we don't know? why did schneiderman abandon it. it has fallen apart over time. what is left is almost immaterial. it is not necessarily huge news if it settles. we know what the history given greenberg settles with sec. if it is modest fine, i think, i don't think he wants to accept a lifetime ban. doesn't really apply to him. >> if hank settle this is case it will be pretty big news. >> on what terms is the question. >> i agree. here is the problem that he has. if he settles it with a lifetime ban, remember he operates a fairly large insurance company called star. big insurance company aig was created by hank greenberg. he is creating another one fairly large. if he settles were with a lifetime ban that hurts him with regulatory authorities in u.k. that really does hurt him. that is the pickle he is in right now. melissa: the beat goes on but for lower price. "new york post" record that
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apple lowered its purchase price for dr. dre's beats for $3 billion. it's a bargain now. it was originally reported at $3.2 billion. dre dig victory lap online. getting on forbes list before the deal was announced. denny, what does it tell you about celebrating the deal -- >> never talk about until the deal is done. melissa: signed. >> well that is the issue here. but if you look at number of subscribe is, which is always the way in that business that you put a value on the business, there aren't all that many subscribers. melissa: no. 111,000 for beats compared to 10 million for spotify. >> compared to 10 million, right. so that's the issue here. what is this business really worth. now by the way, the head phone business is probably worth more than the streaming business. so i don't know. melissa: even in the long run? don't they have to get in the streaming business in order to make it meaningful? >> i think so. melissa: james, go ahead.
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>> dr. dre should still be celebrating because apple is still overpaying. melissa: we don't really know. because they haven't said anything. >> given how denny said, how small the subscriber count is i would think apple could more easily as ad-on to itunes create a streaming service and hit the number pretty easily. i don't think the headphones are any great technological innovation. >> here is another thing, melissa, if i may. i would never shortchange apple. >> here is the problem with it. the minute you preannounce a deal, start talking about all the bad parts. apple gets all the negative press that it is overpaying. i remember this, when i was at "wall street journal," we would say this, competitive for page one, only page one stories. you never had a page one story until you got up in the morning to pay 75 cents for the paper. if they walked away from this deal, apple did, i would not be surprised. all this stuff. melissa: all right. tesla motors has been hit with a
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junk credit rating by standard & poor's. citing the automaker's vulnerable business. what do you guys think. >> i get it. i get it. if you look at the s model, it's a great car. is it competitive with the likes much bmw and audi and mercedes? it looks like it could be but the fact of the matter is, it costs more. and there are two major issues. it's not an interstate car. melissa: yet. >> second, takes a long time to power up when you're out of battery. melissa: he raised 3.2 billion in march selling convertible debt in order to fund the battery factory. does he care where the stock price is when the debt is rated junk. >> i don't know. i don't know if it matters at this point his debt being junk. michael milkin head of drexel finance ad lot of junk companies that became cnn. >> he funded real companies. this is not for government subsidy. >> some of them were not real
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companies. melissa: i don't want to run out of time before we get to the last one. right up all three of your alley. talk about curveballs. curves fitness, tapped the biggest loser star, gillian michaels as a new spokesperson to help turn the business around. there we go. that is her. she is known on the biggest loser for being extremely turf on folks who want to lose weight. curves is one of those places you don't feel bad being overweight. work out with other people and they're not judging you. i don't know, do these things go together? you're a big workout guy. would she inspire to you work out or terrify you. >> she definitely inspires me. that's all i can tell you. melissa: to work out or just -- >> in general. melissa: in general, james. >> seems like kind of a crowded market. the non-judgmental thing seems to be big right now. melissa: putting a very judgmental person as spokes personal after non-judgmental location is seems to you not a great fit. >> work out, listen --
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>> got to buy a lot of stuff. too complicated. >> they're losing franchisees. the issue has been, that they put too many in place. they have done it too quickly. they haven't given their various franchises an opportunity to really go after customers in a big way. they're too controlling. >> i've been work out for years. you have to be judgmental when you work out. you don't get stronger, you don't get faster. melissa: thanks, guys. the big olympic turnoff, you won't belief very few countries in the running for 202winter games. let me give you a hint. think borat. andreessen kind of utopia. billionaire investor telling new grads, stop listening to your heart. forget passion. you got to listen this. ♪ we're moving our company to new york state.
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the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies.
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way. 33.32. this as nomura raises it to a buy from a neutral. they're talking about ads. steadily becoming a bigger part of ad budgets. when you look at companies and look at others who are looking to put their money, they put it in ads on twitter. they see it as a growing entity. also, that the revenue is going outside of the u.s. as well. so that's great news for twitter ultimately. that is why nomura puts their buy rating and stock is up $2.83. the bad sign or tough sign year-to-date it is down about 50%. you remember annual highs right around the $75 mark. not quite at its highs and beautiful bounce back with potential to grow. >> absolutely. they had a tough time of it. nicole, thanks so much. talk about tough advice. venture capitalist mark andreessen tweeting out tough love, whatever you do don't follow your passion, don't. we have ken mahoney and james freeman and denny strigil are
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back with us as well. he said following your passion is dangerous and destructive career advice. mark cuban. never follow your dreams. follow your effort. elon musk, you need to work super hard every waking hour. what downers! >> mixed messages. but i get that. having a passion is good thing but some people follow the passion where they're entrepreneurs, with idea of product. doesn't have prove of concept and borrowing money for parents on their homes and never get anywhere. you do want to really follow passion. some people follow it so much and don't find market acceptance and keep going and using up resources. melissa: maybe more simple than that. telling kids, don't think you will be a rap star. tough find a real star. >> i think that's it. if i thought i was going to be a rock star and pursued that for years on end i would be starving. if i thought i would be the first baseman for the new york yankees. melissa: we have no idea what kind of job. maybe you rock. who knows what we missed out on
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by you not doing that. >> what you have to do is what you're happy doing. melissa: yeah. >> and at the end of the day, when you go home you have to be glad thaw did it and you made a contribution. you have to like the people you work with. you have to make a contribution. melissa: but i think it is pretty funny for grads. people out giving commencement addresses, they mention passion. half say follow it. the other half say don't. what are you supposed to make of it as a graduate? >> i think we ought to take pretty seriously from this advice from people who started companies, created new products and the message is you have to solve problems for other people rather than pursuing your own dream. melissa: that is great way to interpret it. >> you are pursuing a dream. solve a problem that society has. melissa: jeff bezos said i look the less path to follow my passion. >> he is calling the less paced path. a lot of people would say that is pretty gutsy. you're right he was operating in
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context, what do people want to buy online? >> very difficult to get books. hard to reach books. melissa: it was? you go to the bookstore. how hard was it to get a book? >> you could go to one place, one click. he developed one click. from that he patterned that and everybody follows that. >> the bottom line is, be happy doing what you're doing. if you're not, find something else to do. melissa: we have some kids getting out of school right now, oh, i want to be happy. i don't know what to do. they're sitting on couch and not willing to put in hard work first to figure out what i could do later to follow my passion. >> takes a long time to be successful. melissa: yeah. >> that is what kids don't realize today. melissa: thanks, guys. women around the world going soft. the cozy clothing trend that could replace your pencil skirt with pajama jeans? the princeton mom is here to confront her worst nightmare. you can find him in the club. 50-cent runs into a mound of trouble at the mets game. joining the ranges of
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melissa: from the u.s. to every corner of the globe money is flying around the world today, starting in australia where apple users are being hacked and their devices held ran some. ransom. people across the country woke up to found ipads and completely frozen. there was only message to, wire money to paypal account. only would the device start working again. turns out the hacker gained access by heading into individual icloud accounts. that is going to be a huge
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problem. over to u.k., where coca-cola is causing outrage with its new antiobesity drive. the soft drink maker is pouring nearly 40 million bucks into fitness programs, giving free work out sessions to overweight folks across the country. but leading health experts denounced these plans saying it is nothing more than quote, obscene hypocrisy. british teens are consuming more and more sugar. 30% comes from sugary sodas like coke. landing in brazil. police fire tear gas at world cup demonstrators. more than 1000 people have taken to the streets around the national stadium and local tribesmen and women in national dress. many claim the event forced them out of their homes. wow. the gap is hoping that women say -- i just butchered that to yoga pants, not just at the gym. the retailer is trying to expand workout wa wear in everyday street clothes.
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we have to discuss it our very own charlie gasparino, princeton mom, susan patton and market watch reporter andrea chang. thanks for joining us. charlie is laughing already. >> weigh in on the great yoga pants debate. charlie, you start. >> this segment is proof the end of the world is near. melissa: really? >> yes. melissa: why? women everywhere are, i think it is improvement, right wearing mumisms and sweat plants. now yoga wear is flattering. >> you want a man's view? >> man who wears a fannie pack, charlie. manly guy you are. >> i like girls in yoga pants. >> stop. you can't say anything else, charlie. [laughter] melissa: there is nothing wrong with that charlie gasparino. i respect you for saying that. what is wrong with that? go ahead, susan. >> yoga pants all day, every day? how about not wear any make up and comb our hair.
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why bother showering that matter. completely disgusting, sloppy women. melissa: are you wondering why you agreed to be in this segment. >> maybe a little. i feel like, basically the thing is that yoga pants of today or active wear of today, they are different from the sweatpants of yesterday. >> right. >> no. the difference, yoga pants are 40 bucks. sweatpants are 20 bucks. >> women look a lot better in yoga pants. >> come on. women should look like women. women -- >> they look like women in yoga pants. >> no they don't. >> they do. >> they don't look like women in yoga pants. looks sloppy like doing laundry or off to the gym. takes time and effort to actually look like women. melissa: if you look like you're going off to the gym. >> what is wrong with that. >> you're working on yourself. >> no. no. melissa: andrea, try to weigh in here. i dare you. >> we should gap and lululemon, all these companies such a growing market, category for
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apparel, there is not much growth. actually this year, so far this year, active is like, capri and tights, 85%, according to sports one source. >> i certainly understand why the gap and other retail outlets are looking to convince you need to stock up in your wardrobe on these yoga pants but it is ugly. >> you're trying to say this condemnation of our culture. this is example of our cultural decline, correct? >> correct. now you got it. melissa: people don't bother to get dressed anymore. instead they walk around all day long in yoga pants whether or not they're going to the gym. >> there is nobody loves slopping around in sweatpants than i do. that is on sunday afternoon when it is raining or doing laundry. otherwise women should make more pride in your appearance. pull it together. you have to comport yourself like the lady you are, not only does it give an image to the world but see yourself. melissa: do you walk around in yoga pants ever? >> depend.
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s. >> i have to say, pants you're talking not like those sloppy plants. we're talking with pleats and different and flared. we can see, when you go out right now you see, even sneakers. i get -- you see all the different colors with the hot thing. >> sloppy looking. melissa: no woman who doesn't look better in a pair of lululemon capris. they lift and, your butt looks better. you don't need to wear them all day. you need to get shower and dressed. >> we're still on tv. melissa: for now. i don't know about after this segment. >> we wear jackets an suits. >> and some men wear tieses. >> i actually wore a tie. i had to run over here today. here is what happens, how people dress in the office, how sclubby men are, those pants look elegant to where men dress. melissa: that is sad state of
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affairs. thanks to all three of you. the clothes that urban outfitters may be expensive and they're also ill-fitting unfashionable from the company's own ceo. why irony isn't always a selling point when it comes to your wardrobe. at the end of the day it is all about money. ♪. [ female announcer ] who are we?
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it speculates the ecb next week is going to take some measures, take a step at the fomc buying bonds, yields around world have kicked lower and the same thing that happened last year, as that news is good news, the market is liking this news and we are seeing the market rally and further stimulus around a world is encouraged. melissa: sales and urban outfitters stores on the decline and something tells me it could be hipster hangout find too much irony like these shorts with a giant holes and the kimono jacket, who wouldn't want that? bruce, what are they thinking with these items? >> i don't think it is a product issue. it is something much bigger. the audience is not relating,
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u.s. seeing it in abercrombie and aerospatiale. the tribe does not feel any connection to the branch. melissa: clearly there is much work to be done for urban to redeem its fashion flooding. when your whole business is fashion and you are totally off track, i don't know. how do you turn it around? >> it is not fashion. fashion is only where they get the money but they have to figure out the transaction. what business are they really in? they are making customers feel better about themselves, look better. is not what you do but who you are. the customer does not want to associate with who they are. melissa: go ahead, many destinations are stumping on the selfy bandwagon. will you take a selfy of
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yourself? i love it. >> fox told me if i could take a picture of me they could bring the money. you are right, it is a bigger trend. millennials think things are not real if they don't see them on line. it is virtual verification. virtual verification, these companies are smart because they are paying the customer to do what they would do anyway. the problem is easy to go on amazon and written dollars to buy a green screen take a picture of yourself, the millennials can't afford vacations anyway so it is all going to be -- >> you get a meal and enjoy it. why do we have to take a picture and posted before we can chase it? it is not worthwhile so unless somebody out there verifies they like what they posted just enjoy your life and pay for what you
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have done and why do other people have to be involved? >> why are those youngsters listening to my rock-and-roll music and shaking their helplesses? it is the new generation with new wants and needs and what you and i like don't care. melissa: so one hotel is offering a tp binge watch the ceres orange is the new black, you pay $250 for a night at the hotel and you can watch these shows. isn't the idea of going to a hotel that you go to a city and see a place and go out, you rent a hotel room to watch the tv? >> i love this idea. we market miami. i have spoken to the hotels and we have a new concept. we will do melissa frances binge weekend and show little house on the prairie and joe's world's
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and might even have more and mindy. melissa: what about money with melissa frances? >> we can watch the show in real time. melissa: you turned around and before you go, have you seen this? they haven't been up. queens native back in his old stomping grounds to throw out the ceremonial first pitch. pitch for die trying to. it was just a bit outside. not taking it too hard. that you get shot nine times, is small potatoes. i met the guy, he is eloquent, smart, soft-spoken, how does this happen? you think he was wrong? not really left-handed? >> my guess is he walks out and
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gets nervous. melissa: he is a concert performer. i don't know. how embarrassing and everyone is watching it, he has to make a joke about it. he is really from what i met in a few minutes is a release sweet guy. >> the best ways you pronounced his name. melissa: i own every album he has ever done. it is a secret, that is the first, no breaks, no steering wheel, no problem. google's of driving, wants you to sit back and enjoy the ride but do you trust it? tweet me and tell me what you like. into the eye of the storm, drone the emerging as the latest hurricane season, piles of money coming up.
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$700,000. general ledger is making a better impression by promising 1,000 new jobs in the country, at the french president says ge's offer keeps getting better and trust a lot more negotiation will be needed. the deadly pig virus sweeping the nation may be harder to contain than expected. an indiana farm is the first to confirm a second outbreak despite efforts to stem the disease. it has wiped out 10% of all u.s. hogs. that is the latest from the fox business network giving you the power to prosper. when does your work en
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you never stop achieving. that's why, at barclays, our ambition is to always realize yours. melissa: google putting the pedal to the metal in their push for self driving cars except the gas pedal is the problem. brakes and steering wheels are noticeably absent from the high tech roadster replaced by at shiny red panic button. jo lin kent, fox carr report editor gary, capitalist pig jonathan honig, fox news contributor. there is no steering wheel or gear shift, just a panic button. i feel panicked already. >> what would them if you don't need it? melissa: isn't there a chance you have to do something? >> when they put them on public roads they have to put that stuff in. they will have other campuses,
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25 miles an hour, it is made of foam it won't hurt anyone. and a plastic window. it is extremely safe. melissa: how do you feel about the steering wheel? >> the future is about driverless cars. i love driving but also love doing stuff, the train is moving. what is interesting is getting a lot of glory for, if you look at the competitors, audi, nissan, mercedes, tesla but if you look at what you really think about this earlier this year, he thinks it is too dangerous for the last few steps of the trip you are making so he is not necessarily behind the current technology. >> if you are panicked, self driving cars, were you panic in the early days of the internet putting your credit card on the internet? that was a big panic among people, now we do that all day
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long and is not that companies like google made any efficient products. they are innovating, producing, think about how google has changed from a simple search engine to mapping, e-mail, analysis, it is changed altogether. melissa: i am desperate to shop. i am not sure i am desperate to have someone else drive me around. i feel happy driving in my own car. some say the point of this is still driving taxes overtime. do you see that as an eventual incarnation? >> that seems like a logical place this would happen, car sharing services, plug it in, it takes you somewhere else. this tech, it can identify people and cyclists and just slam on the brakes, developing a version that could seeking gurus
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on the road. melissa: i am a man is on the road so almost anything would be safer if and having me operate the car. you agree that i am a menace. >> you could be a menace on the road so it is an opportunity especially google playing this as a public-service play -- melissa: before you go the million dollar initiative taking the hurricane season by storm, drones being used to fly directly into the i. powerful medicines transmitting information from the darkest corners of the storm to forecasters on the grounds. that provides vital information. the $1.2 million project is funded by a bill passed in the wake of hurricane sandy. give you a crack at this. what do you think of this? >> sorry was funded by government. it could be funded by the private sector. it is a great idea and goes to
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show how technology saves lives. when there's a terrible storm or natural disaster in haiti or all types of places of the world, tens of thousands of people die, thanks to this technology it can be contained and even prevented. thanks to technology. melissa: there is nothing a drone can't do? what do you think? >> they should put up with google to make storm chasers cars. melissa: perfect energy. way to pull the public segment together. i appreciate that. liz claman to tell us what to expect in the next hour. what do you have in store for us? liz: i'm not doing the driverless car thing. we all drive, we all parallel park. melissa: california girl. we are watching those markets for the is and be 500. every kick, every step of the way we are honored and this last hour, we talked a lot about momentum stocks, how is this for momentum, revenue of 30%
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subscribership up exponentially. why has tivo not had its iphone moment? tom rogers is the ceo and we are asking about when television -- the iphone moment, the best way to watch television and we are waiting on the gdp numbers for first quarter tomorrow and the one person you want to hear from is the ceo and chairman, a german industrial giant, whose using up all the stuff they are making weather is chemicals or plastics and they are about to expand their footprint right here in the united states. we will ask him where he will build acute gas plant. melissa: in case you needed any more motivation to show yourself in a skintight work out a new smart spandex will track your every move and even tell you to pick up the case if you are not working hard enough.
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melissa: on wall street or main street here's who's making and losing money starting with a rough day for be f.w.. the retailer next burning expectations and same-store sales, stock is getting falling, 25% today, bad news for michael mcdonald, 87,000 shares, that means he lost $783,000 today. making money, uber in the cities that never sleeps. the car service estimating full time drivers in new york city
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school in a median salary of more than $90,000 a year. with those wages is no wonder 20,000 new drivers have taken a wheel for uber this year. making elevator banks, beyonce's kids seeing record sales climbed by 200% since her infamous fall with j z. i am thinking not. the technology is infiltrating every aspect of our lives from costa homes. now spandex, one company is introducing spandex with sensors to track your every breath when you work out, even tell you to work harder. in case you needed more motivation when you get into the gym. it has been a tough show for me. what does it measure?
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>> the world's first heart rate, breathing, special part is we capture what muscles are doing in real time very accurately. melissa: everyone is monitoring their workout. it goes inside your shirt, in your shorts. >> they are measuring if you move. they are accurate about telling your form and you get a good workout, good for measuring your lifestyle, get you off the couch but if you really want to get the most out of the time you spend in the gym, push yourself really hard. melissa: they still pretty bad after you work out but you have electronics in them how does it work out? >> for the purpose of going to the washing machine. you want regular closing, put it in the washing machine, nothing different from that. melissa: one piece of clothing
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costs $99, the court costs $199, pretty expensive. this is more expensive than lulu lemon. >> the piece is $1.99 but $99 is the same price as lulu lemon. melissa: thank you so much, good luck to you. figure skating and bobsled teams get excited with other countries dropping like fries. ukraine is a front runner to host the winter olympics. we will explain, no one wants it. at an end of the day it is all about money. i ys say be thman with the plan but with less ergy, moodiness, i had to do something.
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i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.
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sadly there is not too much confidence in the standing competitors. jo ling kent with us along with brian kilmeade. ukraine, pakistan. and china, again. what do you think? >> for a while this was the old in jewel. security being a major thing, the facility that have to be built and a major risk, you're playing the lottery. we wonder if people will come, will they stand and will there be enough drama to sell the teams. brazil is not too happy. none of their structures are ready. the russian games, nobody even came at all. and you have this thing called winter. >> you have to be a certain type of town or city to host to this so it whittled it down, a huge
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investment. melissa: i think all of these events have become losers. even the super bowl, you spent so much money to ramp up and fail we stay at the beginning this will be a tremendous revenue generator, we will get all these people from out of town, every hotel will be both, every restaurant will be filled, they spend way more than expected on their stadium, it ends up being a loser to host any of these huge events. >> the super bowl is absolutely a winner. what staggers me about the olympics, they all said no. they are looking at this saying this is not make sense to us. melissa: north korea, iran. i am just wondering. if you're going to go to kaz
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extent, are you eager to cover this ca? >> he said as long as he could do the figure skating. >> i would like to throw you ncf i could catch you. i would be for-for-5, absolutely. i don't think that is the infrastructure they usually demand. beijing, we just got through that, you cannot drive a car for a week. melissa: how do you solve this problem? >> if you find a place that doesn't have the infrastructure in place, you can build it if you can get the money. >> new york said don't even try it, we have other obligations and because money is tight. melissa: before we go, we have breaking news with joe link kent, she got engaged. he finally put a ring on it.
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i hope you are making money today. we are so excited for you. jo ling: thank you very much, that is so sweet. melissa: "countdown" starts right now. liz: ceo central. two innovators sound off on the business. tom rogers not shy of talking smack on apple tv. quarterly revenue jumping 30% but how will he get the stock to follow? which puts the cushion in your running shoes and the beauty in your beauty product? the u.s. is extremely important to the company's growth and basf is including a massive investment. suddenly google driverless car chatter got very loud as google unveils that revenue car which has no steering
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