tv MONEY With Melissa Francis FOX Business May 29, 2014 2:00pm-3:01pm EDT
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that includes your clothes as well. 12 miles an hour is about a what you do on streets of new york in the rush hour. you could probably zip in and out. don't give it to the airline. they will lose it. dierdre: ashley, thank you very much. >> my pleasure. dierdre: ashley webster joining us there with your alt abroad headlines. for the next hour, dow, s&p 500, nasdaq up across the board. melissa francis with me now. melissa: absolutely. oh, snap. snapchat ceo engulfed in one of the most embarrassing scandals in tech. there is no disappearing from this one. plus ain't no space junk. elon musk is getting ready for his big night out as he unveils his taxicab to the stars. don't look now, there is ceo in aisle five. walmart's chief cozying up to his minimum wage associates, he can stock those shelves just as hard as anyone else. because even when they say it's not it is always about money.
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melissa: markets seeing green despite the economy sinking into negative territory. gdp is contracting for the first time since the first quarter of 2011 as business investment and profits decline. here to discuss all this, charlie gasparino, small business owner, clint greenleaf and "wall street journal's" veronica daguerre. what do you make of this gdp contraction? >> i don't think it was tremendous surprise given the wouldn't der -- melissa: bigger than what people expected. a full percent, that's bad! >> it was bad. we had such a rough winter and the market is forward-looking and i think some of this is already factored in. but i think it is, we'll be looking ahead to see what's going to happen, what kind of job numbers are we going to see going forward when looking at all the data. melissa: everyone is blaming the weather. they're saying the second quarter will be a lot better the do you buy that claim? >> i don't buy it. i think so little of the economy rests with weather. 1%, that is huge problem. melissa: charlie what do you
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think? >> here is the one thing that hillary clinton worries about as she determines whether she will run for president. a lot of this we'll see her being unveiled during this book tour. it is economy. economic cycles usually last seven years. we're embarking on the seven years since the bottom in 2009 until now. she could be running in the middle of an economic downturn. this may be a harbinger of it. that would be a problem for her. melissa: got exclusive news about goldman sachs. the financial giant may have layoffs ahead. charles hi you, you have this. >> this is sources inside goldman sachs telling fox business network, traders there, particularly in the fixed income trading department are bracing for layoffs. we don't know the numbers. they are being told by their management there is likely to be layoffs. we're not just talking about the usual bruning that goes on in goldman sachs. goldman sachs cuts 10% across the board of lowest producers every year and hires more back. this is the over and beyond that. the reason why, particularly fixed income trading it is a drought right now.
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gary cohn was speaking at a sanford bernstein conference yesterday where he basically said we'll not sit on our hand to allow this to happen. we have to react. he didn't give anymore specifics. people inside goldman -- melissa: they are not denying this. >> they are not denying this. we'll have a full story on foxbusiness.com. that is where they are, weighing this stuff amid clearly this fixed income drought. melissa: snapchat ceo wishes his old messages would disappear. apologizing very distasteful messages disapfrom his college days. everybody did stupid things in college. this is 2010. he is now head of a company supposedly worth billions. clint what do you think. >> first of all i'm glad i didn't have snapchat or any of this stuff around in college. i think there is something really suspect. the people seem to think they can get away with it, because it is actually supposed to be anonymous. it is not. melissa: what is really disturbing about this, this is the guy that everyone is
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trusting with making their messages disappear. he can't make his own messages disappear that are embarrassing to him. veronica if. >> this is pretty embarrassing what the company says they're going to do they're not doing. melissa: they're not doing for themselves. >> themselves, yeah. melissa: distasteful, charlie, peeking at remarks on page. >> not in favor of. i did a lot of stupid things as a kid but i didn't run a major company. investors have to realize companies are run by -- melissa: 12-year-olds or act like 12-year-olds. >> like mark zuckerberg, that's why you bring in sheryl sandberg. you have to factor that in when you invest in these companies these kids may be inslex wally smart but may not be someone you want to trust with your investments. melissa: people say we did dumb stuff in college. this was only couple years ago. 2010. >> he was basically a kid. melissa: it shows he has terrible judgment. >> you don't want me to read
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this? melissa: not really. they're really, everybody can go to google as shepherd smith would say and look it up. >> the google. melissa: walmart ceos, doug mcmilan taking heat he is associate too. the problem, 30,000 of those associates make minimum wage. meanwhile mcmilan made nine 1/2 million bucks last year. veronica, does this bother you? >> it is like waving a red flag in front of bulls. melissa: it is. >> i see where he was going. i relate to you. i worked my way up from the bottom. i respect that that is great. from a pr aspect that is really bad idea. melissa: he was trying to say versus other ceos, there is not wrong with making minimum wage because you too one day could be ceo of the company. he is evidence of that. he worked on the loading dock. at the same time you open yourself up, right. >> they have got 1.3 million employees and only 30,000 are making minimum wage. they have a lot of people making a lot more than minimum wage. melissa: the average manager
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makes 150,000-dollars working at walmart. that is pretty good, right, charlie. >> listen, the problem the left-wing media will take this and distort it. this guy worked his way up from the bottom. melissa: right. >> he wasn't born with a silver spoon in his mouth. he is trying to show you, listen, irdid this before. i could do it again. the problem the media, the media is obsessed with this story. melissa: damn media, always our fault? we're awful, awful people! >> put it in context. you cut his pay in half will that add one more job? melissa: maybe one if you cut his pay in half. a bugged war. >> hire one more person. melissa: okay. the bidding war is on the deadline to bid on the l.a. clippers was la last night. reports say grant hill's group offered $1.2 billion. steve baller putting up 1.8 billion doll. this proves you can make money off racist remarks. melissa: that is great business. >> i'm not sure that is what
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sterling had in mind. if you have owners like balmer and screaming and doing his big thing on change versus cuban. melissa: yeah. you're right. that could be very entertaining. that is its own reality show. >> i don't think sterling will go down without a fight. melissa: he said he would sell it. >> he said he would sell it. we'll see what concessions league will have to make. melissa: concessions. $2 billion. ah. charlie what do you think. >> you know, i'm going to take the magic johnson high road and say i'm sick of this story. melissa: all right. that's fair. >> i heard him say it at a conference. melissa: if you're single and looking for a new job you may want to apply to sales force. new report by hinge says that the company has the most attractive employees in san francisco. i think we have a little video of them so you can judge for yourself. and see that they are the, i love the shower caps. that is such a great look. so this, these are off the company's facebook site.
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veronica, you look like you're dying to comment. >> i would feel so good about myself if i was employee of sales force right now. opportunity -- melissa: this group in silicon valley or san francisco. do you dare to kind of wade in. >> we were hiring a lot of people. we always thought ugly is not a protects class and you don't have to be ugly to do a good job. nothing wrong with hiring attractive people. especially in sales business. melissa: this group at the screen, attractive? not bad. >> comparison to my wife -- >> kind of hard to tell with the hats. melissa: maybe, i don't know. charlie, do you care to get in on this one? >> i think this company is as sin nine. assine. that is what they're implying. they're not saying that directly, but to imply you have to be necessarily good-looking or in their view, what is good-looking? melissa: i think that is what i was asking with that video was. beauty in the eye of the
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beholder. >> listen there, are some very effective people on tv, none of us here who are not the most attractive in the world but effective on tv. melissa: yeah. >> yes, i've seen them. it works. you can being effective at your job communicating and you don't have to fit the classic definition of what is good-looking. melissa: okay. perfect. we'll end it there. [laughter]. better get those guys a room. a huge love-fest is happening in cupertino after that $3 billion beats deal. it a bit cringe worthy i got to he will you. nothing will ruin this guy's big date. elon musk shrugging off tesla's junk bond rating by focus on other ventures. this time he is -- that is coming up. ♪. i ys say be thman with the plan
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but with less ergy, moodiness, i had to do something. 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. seous 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
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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. melissa: fitch, please. abercrombie finally revealing good news for investors. nicole petallides on the floor of the new york stock exchange. nicole? >> there is a lot to look at here, melissa with abercrombie & fitch. we know teenagers can sometimes
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be fickle. however the reason you're seeing the stock to the upside, 5% at the moment for abercrombie because it is not as bad as its pierce, american eagle outfitters and aeropostale. abercrombie was best of the bunch and outpacing analyst expectations that was good news. they have wider array of merchandise and listen to customers and larger sizes working for them. the stock is reflecting a good quarter here for abercrombie & fitch. back to you. melissa: nicole, thanks so much. for billionaire elon musk sure does love his coupons. his energy services company, solarcity, is giving customers a little daylight savings with a discount through groupon but maybe elon is paying it forward. after all solarcity has gotten pretty sweet deals from the u.s. government. back to discuss, charlie gasparino. we have tom sullivan and heritage foundation's steve moore. he is a fox news contributor. tom sullivan i will start with you. they already have a business model where they're basically
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renting -- you're not paying for panels. you're buying energy and they put the panels on your house. now they're offering discount through groupon so basically it is free solar energy? >> this is the problem i'm having. buying solar panels is about as easy as comparing insurance policies. just nuts. because one company says, we'll give you, you buy this and $30,000 for your panels and government will give you a credit for that. then they come along say, no, but we'll provide the panels, you lease the panels and somehow later on, if you don't lease it is on your house, very confusing process. and why would you want a discount on something that is already not going to cost you anything? melissa: yeah, steve moore, bus it reek of desperation or make you nervous something already seems like kind of free they're putting on groupon which makes it even more free? i don't know. >> great question. if you look at the statistics on the subsidies to the energy industry, you know the president's always talking about get rid of oil and gas
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subsidies. i'm all in favor of that. just give you a sense how highly subsidized that industry is, for every dollar of subsidy goes to the oil of and gas industry per unit of the solar industry gets $1,000 of subsidy. it is incredibly, tom said, pretty soon they will pay people to put the stuff on their homes. melissa: absolutely. >> i think outlook next 10 or 20 years is very positive for solar energy. they're making incredible technological breakthroughs. it will not happen anytime in the next two, three, four or five years. melissa: doesn't it make you worried that groupon had shading accounting they're getting involved in solarcity which is doing all the, shell game with their own revenue it feels like? >> i'm less optimistic about, yes, that bothers me but i'm also, i'm less optimistic about any business, steve, that accepts all these subsidies. once you see government involved subsidizing a business, note a
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huge degree -- free market should be in some way running this technology. >> elon musk is the king of subsidies. gets government to subsidize his business. >> got a junk bond rating. has a junk bond rating. melissa: hang on, hang on. we have more news on musk. expected unveil its intergalactic taxi. that is later tonight. could have huge implications for privatizing space travel. this is tough. we're saying they're getting so many government subsidies but at the same time making space private? >> come on. here's the problem. when you have government subsidies on these businesses, it is like solyndra. with solyndra ever going to work? is that really a legitimate business? melissa: rock bet business might be. >> for rocket ships? melissa: could be worth it because we have russia's deputy prime minister tweeting and taunting us, after analyzing the sanctions against our space industry i suggest to the u.s. bring astronauts to the international space station
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using trampoline. he said use a trampoline. melissa: liborries or natasha with that one? i was working on either. >> natasha. melissa: thank you. told us to use a trampoline to get our folks up to the space station. >> elon is in perfect position. he now has the government right where he wants them. melissa: yeah. >> but a lot of people are not reporting that it is not just elon musk an spacex. there are two other companies bidding for this nasa contract. >> that's right. melissa: steve, go ahead. >> well the big problem of course is that nasa's budget has been cut very substantially. so the way i look at it, only way we'll have space exploration and space travel is, is if the private sector does it. guess what? governments hopefully will not continue to pay for this stuff. >> do you think it's a worthwhile idea? it sound insane? >> a play thing for rich people. it is. melissa: i like this better than the solar. >> flying in space might be something they want to do spue beam me up, scotty. melissa: from u.s. to every
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corner of the globe money has been flying around the world where a clever inventor create ad motorized scooter that doubles as your luggage. gone are the days of dragging around your suitcase. it has a moped seat and battery that helps you reach speeds of 12 miles an hour, wow! it cops with gps like most luggage. over to russia where president putin is forming a new eurasian trade alliance. kazakhstan and belarus joining russia in a mini economic union together. valued at $3 trillion. it is putin's goal to create a counter balance union. yikes! donatella versace getting ready for the world cup and creating one-of-a-kind shirt for fashionista as and charlie gasparino. it has a medusa head emblem and chains and leopard prints and soccer balls obviously. it can all be yours for 700
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bucks. obviously it is worth much more. >> they have to pay me to wear that. melissa: it's a bit of money. paying your tv bills is about to get more interesting now that bitcoin is involved in cold comfort for your doctor. a life saving medical treatment sure to put money in your veins. do you ever have too much money? ♪. if i told you that a free ten-second test
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first-ever human trials to scently freeze patients in order to heal potentially fatal injuries. lear from the "fox news" medical a-team is dr. manny with our medical dollars. we'll freeze people now? >> well, we'll lower their temperature significantly. >> are we taking out their blood to replace it with freezing saline? no, not quite? >> not quite. it will get to that at some point. there are medical conditions, trauma, automobile accidents -- melissa: gunshots. >> gunshots, an small babies we're cooling them down significantly. what that does basically, it sort of, the deters cellular damage because it slows down any kind of damage from any injuries. that business time for the healing process to occur. gives time for doctors to figure out what to do, and allows certain treatments to work. melissa: how long can you do it for without causing more damage? is there any scenario where it causes more damage by freezing? >> it is not freezing.
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it is slowing down their temperature. not like frozen, frozen. it is really cooling down. whether you're talking about heart attack, as i say when i deliver a premature baby many times we cool them down significantly in the nicu we put them really cold so that allows their brain not to have any damage down the road. all of these things are part of science that is developing and how to give doctors a chance and body a chance to heal. melissa: okay. fda has approved an implantable device that will transmit heart data to doctors. my heart, i could be out there shoveling snow and sending desperate text messages to my doctor and saying call her and tell her to stop it! melissa: >> is wonderful device. you will see a lot of new devices that will basically monitor information real time and send it to the doctor. this applies to a lot of people with congestive heart failure. monitors your blood pressure, our heart rate. if you have con againal heart failure and doing a lot of stuff
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and heart gets out of whack before you get permanent damage, it send information to the doctor and bingo, stop what you're doing or take extra medication or come right in. these types of technology are the wave of the future. melissa: seems like there is a lot of applications for that. >> yeah. melissa: is this for the heart or any organ? >> let me tell you, diabetic management that you have censors that will -- sensors that will send real time glucose information to doctors. anything to do with the cardiovascular system. toxicity issues that they might need extra dialysis, all these devices will come down and be utilized in the future. melissa: it is big money. annual sales according to well farring go could be $229 million. by 2015 seems like bigger than that researchers are working on technology that would allow lasers to repair damage to your teeth. like you're getting a filling, rather than covering it they hit it a laser and your tooth
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regenerates. >> this has to do with stem cells you love and regenerate tiff medicine. regenerate tissue from within. lasers that activate, really light, rather than heat and stimulates the stem cells of the tooth and base once that happens, very quickly the tooth begins to regenerate. so far on animal studies but -- melissa: it has worked? like wolverine? >> yes, it has. this is good! no more of that mercury in your teeth. a little light on your teeth is going to do the job. melissa: dr. manny, thank you so much. i love it. i love it. feeling the high. home prices surging to precrisis levels. are we really out of the woods though? many states are still feeling left behind. plus daddy's girl is aiming for the c-suite. you have to hear how dad is doing more chores at home make for daughters that want to go in life. google that one.
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10% increase particularly in the northeast a year ago. this year it is fractional. talking about thes pieces a population northeast. month over month the numbers are strong but year-over-year are troubling me with regard to home sales. consumer stressed, wage issues. we can discuss that but the bigger story is prices are up, interest rates taking down, but the jump in price has pushed a lot of people out of the market. those millennials who should be outside, and they are not. melissa: i am so sorry they don't have homes. we are so 2 28% below the all-te high. what does it tell you? >> tough to get a full read on the housing market. it is very regional and so
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difficult for the first time buyer. they have school loans, they don't have the jobs to get into the market and by the homes. it is tough times for them. holding the housing market back to some level. melissa: are you thinking housing looks good? >> i think among millennials you do see increased commitment to graduate loan debt, undergraduate loan debt and as long as rent is reasonable, why not rent and save for something else. it is a tough call. >> a lot of people are living at home. melissa: this is why you see the obama administration make the a change in the language about a month ago. they want to see more of them coming in. it wasn't happening because of the high standards, and all the sudden fannie and freddie.
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all three indices hitting a new record high on track for a new record close. let's go to larry at the cme. larry, no one cares gdp contracted in the first quarter? >> can you believe it? despite a terrible gdp number, despite a lackluster pending home number. nobody seems to care. melissa, the bottom line is everybody is looking for june 5, the ecb meeting and june 6 which is the jobs number. our numbers are okay, people basically expecting gdp number to fall flat. fall almost 1%. pmi is good, everybody is waiting for next week. melissa: thank you so much. the virtual currency will soon be accepted by dish network. the latest on this one.
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>> they will start accepting bitcoin payment july 1c can pay for your monthly bill. looking at the numbers, 40 million paid subscribers right now but only 600,000 people actually use point-based wallet. what they really think they do is pay for the wallet. a small minority. the first two months they had a surplus of $1 million worth of volume transmitted through the website of people buying stuff so it is becoming more and more mainstream. other companies we are looking at, tesla and others. it is interesting. >> all they're doing is trying to take any customer they can get. this is a moved to increase subscriber growth which has stunted.
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i think that is exactly it, a marketing strategy. reach out to some customers they don't have already. seems like a bit of a risky strategy given their history. melissa: always appreciate your time. spine to stiff competition. plans to go over-the-counter. that is one way to perk up sales. at the end of the day, it is all about "the opening bell "money." can you start tomorrow?
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yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy.
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melissa: i am lissa france's with your fox business brief. bill ackman try to tap the market by listing as early as this summer. the list is likely to take place in london where he has been visiting to drum up support from european investors. and costco a slight jump in earnings last quarter amid higher membership even better store traffic. the bottom line failed expectations by couple of cents. the retailer announced plans to open at least eight locations by the end of the year. and the growth and tablet sales expected to suffer huge drop this year as consumers hold onto their devices for longer.
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the makers and now racing to get fda approval before the popular drug loses patent protection in three years. but can cialis be safe is sold? no doubt the lawsuit will come in flood. i want to get his professional medical opinion because the problem here is a have to demonstrate men have to decide whether or not they need the drug. >> have you ever met a guy who doesn't want to have? i don't think so. my problem as a doctor is the following. it is underlining problem of cardiovascular disease. when a man had erectile dysfunction, 90% of the time it is due to a cardiovascular problem. you have to go to a doctor, rule out medical underlining reasons
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before you start popping pills. to sell that over-the-counter is irresponsible. melissa: can they cover enough money to cover the inevitable lawsuit? >> from that standpoint perhaps yes. well the medical risks of this move may increase to consumers, the legal reflection in terms of what the recovery could be for the consumer will be decreasing. this will be a huge change. the regular avenues people would be able to be protected will be locked away, so for example you don't have the protection of a licensed medical professional who is going to be standing there with his or her standard of care to go after terms of any medical issue. you cannot go after the manufacturer because if they provide proper labeling that is going to be gone as a legal avenue. melissa: the last point is in
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many states there is a doctrine where the consumers even 1% negligent making a decision contributing to an injury, that person ha is barred from the courthouse. melissa: they have to do something. the knockoffs begin, this gives them a holder avenue, right? >> i think this goes through. i talked to both physician attorneys and pharmacists, they all believe this goes through. 55% of the average pharmacy, that is for medication. it is an anecdotal, but pretty close. from a legal perspective, a demand perspective it is there. but there will be other options did they have their own brand. this is a medicine in such high demand, the there will be incred
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competition. just be careful buying their stock year. melissa: getting it gets approved by the fda. >> i don't think so. the federal government regulating the safety of our citizens, they might delay it, but at the end of the day the fda no space of a well irresponsible protect the american public and they are going to do it. melissa: listen up, want your daughter to be super ambitious and highly successful later in life? pick up the vacuum and get to work. when men shared household chores with women, their daughters were more likely to have highly ambitious career goals aspiring be things like lawyers and ceos. when lawyers di fathers did note duties, women stuck to stereo typical professions like nurses, stay-at-home moms. what do you think about this one? >> it is a no-brainer, right?
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if you look at those that follow this, those sort of rules. they generally follow that pattern. melissa: a study of moms who have colluded together to put together this study in order to guilt them into wiping up after themselves or mopping the floor wants. it is good for your daughter, go out and do it, it will make them ambitious. >> i agree. with these kind of chores my wife always pushes me in the right side direction. >> do you do your share at home? >> absolutely. i can point to the room. i know the color of the bottle and the whole thing. i'm not sure i believe him. thanks to all of you.
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coming up, liz claman taking us through the next hour. >> we know yesterday google announced to every man and woman tired of negotiating saw the google driverless car. intel making a huge announcement about its investment, sort of interconnected vehicle infotainment system. fox business exclusive, what are they doing? he is coming on to announce the big deal intel is involved in and guess what, when these guys get involved, it gets ramped up, scaled up fast. in a fox business exclusive, and we are on the precipice of yet another record for the s&p and dow jones transports. this is money management and suntrust in fixed income, they will battle it out on the best
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ways to position your money. they have great ideas, you get to listen and decide yourself. melissa: thank you so much. the trend definitely does not stop with mark zuckerberg. maybe a nice pair of professional pants that double as your workout gear? the ceo of one company cashing in on some rather unique clothing. you can never have too many hoodies. latte or au lait?
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melissa: whether it is on wall street or main street, here is who is making money today starting with a ho half day for popeyes. flying past expectations with a stellar earnings report pushing the stock up over 13%. the ceo owns more than 338,000 shares meaning she is making almost $1.7 million today. also making money, 24-year-old videogame wizard known but impressive nickname "the tyrant" comedy highest earning a gamer in the world pulling down over half a million dollars of prize money. his specialty is a game called starcraft. you can't make that kind of cash playing pac-man, i guess. and making dirty money. a zoo in south michigan selling exotic animal manure to bring in funds. you can take home a byproduct of giraffes, zebras, and more.
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gardeners have been lining up take advantage of the offer. everyone else hopefully steering clear. everyone gave him a hard time but mark zuckerberg was onto something when he sported the hoodie. an online clothing company mixes humor with high-fashion saw on fox like the executive hoodie and jeans. you as a consumer gets to decide what goes up for sale. joining me now, how much demand is therefore the executive hoodie and visit all focus in silicon valley? or people elsewhere who want to weawhere the jacket? >> we sell them all over the world. a new addition coming out made of exotic animal manure. melissa: please, no. i don't know how good demand will be for that one. your sales models are interesting. you sort of pre-ordered it.
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do you wait until enough people want something? how does it work? >> we try all caps of ideas as long as enough votes for it. it has a ghostly crowdfunding. any kind of product that can come out. most popular things that we can do to restock. melissa: i know you did $4 million in sales. i wonder about the delayed gratification of the business model. i like to go to zappos. i'm not sure what to wait for anything. are you worried about that? >> it has been very successful for us. a lot like kickstart her. they are worth waiting for. people do by the thousands.
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melissa: that is not cheap. a yoga pant for $88, a lot of your stuff is reversible. what is next for you? >> we put out a new product every day. really it is every day a new part. melissa: before you go, sportswear trend that would make the people on seinfeld really proud of. a rugby player appearing to channel his inner brandi chastain with a masculine sports bra. the company responsible for the garment was quick to defend it as a high quality monitoring device. would you sell this garment? we have a competing product that broadcast the information from your crotch. that is the competition. melissa: you are terrible.
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>> it is called "the gentle modem." melissa: who will have to invite you to, on the set because you'ryouare ready with all of yr jokes. unless that is real. >> if you can find it on our website, you get one for free. melissa: thank you so much. the next episode finally arrives. tim cook and dr. dre take their romance public. somewhere ice cube is not pleased. at the end of the day, it is all about "money." [ indistinct shouting ]
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til cook says it's like finding the precise grain of sand on the beach. they are rare and very hard to find. it's like deep thoughts. [laughter] give me a break. >> it kind of makes me laugh, yeah. melissa: it makes me blush. i'm embarrassed. i feel like they need to get a room. [laughter] >> they're very much enamored with each other, and the nickname, going by the first names, dre and jimmy, it works. i guess if i was getting paid $3 billion, i would be madly in love and have that -- melissa: yeah. tim cook and jared, i mean, he seems to have really gotten over whatever negative feelings he might have had about dre jumping the shark and putting the video out about the richest rapper of all time, apple, aren't they a bunch of idiots giving me all this money? he's gotten over that. >> it's actually genius. when i first heard the news, i was like, oh, my gosh, i was blown away. and then i started to look at
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the numbers. beats is generating $2 billion in sales a year. it's a hardware/software talent and connection company. think about it. inovene has connections to some of the biggest connections, i mean, it really is a good thing for apple -- melissa: you don't think tim cook has just fallen in love can with dre? he says the ugly truth is there's such a berlin wall between silicon valley and l.a. he wants to tear down that wall that's holding everyone -- [laughter] i mean, it warms my heart. >> yeah, it is heart warming. he might be totally enamored with the hollywood thing with all this access to the celebs -- melissa: i love dre. >> dre's a remarkable guy. melissa: i'd pay $3 billion to hang out with dre, would you? >> it's so weird, i remember when i was a kid i bought nwa's -- melissa: i had every album, i'm not even kidding.
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>> and now it's funny, he's like, you know, all mainstream. i think it's a good thing. melissa: okay, we've got to go. bye, guys, thanks so much. that's all we have for now. i hope you're making money. "countdown" starts right now. liz: on the edge, will we see more market be records broken as bidding wars and deals sprout up just one day after google unveils its driverless car prototype, intel throws down the gauntlet, challenging google in the driverless car game and the way we connect with everything. intel wants to make the intelligent car brain bigger and faster. we'll find out how in a fox business exclusive with intel's internet of things group vice president. and more google news, a shocker as the tech pioneer that touches nearly everyone every day is a lot less inclusive about whom it hires. and and it's promising to change that. we'll look at what google's largely white male work force means for the search giant as it pushes even further into our
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