tv MONEY With Melissa Francis FOX Business June 3, 2014 2:00pm-3:01pm EDT
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that is according to a report from a swedish company which you know by name, erickson. with that in mind we turn things over to melissa francis. she takes you through the next hour of. melissa: we're already having a ball here on the set. it is official. seattle sets the highest minimum wage for my met dropped police on the land. some say it is setting a scary new precedent for cities everywhere. 99 problems, one is on your couch. how more and more new grads choose to live at home in the long term it. it is not doing their future any good. stand by your man, golfer phil mickelson may be at the center of one of the strangest insider trading probe in years. that is not scaring away his sponsors. even when they say it's not it is always about money. melissa: carl icahn is joining the mortgage party. the billionaire investor buying
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$50 million worth of shares in fannie mae and freddie mac. that means he joins old nemesis bill ackman and other big investors on the mortgage bet. let's bring in our panel. fox business's charlie gasparino. we also have tracy byrnes and barron's senior editor jack hough. what do you think of this one, charlie. >> wish we had dick bove but he is boycotting tv until 2015. he is very positive on fannie mae. see a political angle. see the republicans taking senate and shelby becoming head of the banking committee. that will protect fannie and freddie. they will not dissolve it. those bills out there to dissolve fannie and freddie will go nowhere because shelby is against that. possibly that means equity in these things is pretty safe, right? melissa: it also means we'll have another housing bubble. that we're not -- >> 20 years from now. who cares. >> carl is 79. >> becomes more blurred lines, melissa. you have activist investors and
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government all coming together and fighting each other and not solving the problem for the housing market at all. melissa: jack? >> bill ackman argued these stocks could be worth 10 times their value eventually. the argument here that the government overstepped its bound in changing the deal with fannie and freddie. >> there is court case. is it a good bet? i think it is. >> a lot of smart money is going into it. >> would you go out and buy fannie and freddie stock right now? >> i don't tell people what to do, if uncle carl is in -- >> the more the guys sign on to the stock, the more financial firepower to argue the case in favor of these companies. melissa: speaking of stocks, talk about google taking a cue from robert frost. the search giant writing a poem, to announce chrome book's new global expansion. did you hear this one? it opens, chrome books are coming to nine more nations, to improve computing for all generations. i mean this is while the apple conference was going on. they're sending out poems at google.
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do you feel good about it? >> you're talking about it, right. melissa: we're talking about how lame and out of touch they are. >> what? >> he probably wrote it over coffee. he gets paid billions of dollar and hitting a home run. >> let me put this way. there was once a man from google, who says his message was frugal. wrote a weird poem to advertise chrome and i say give credit where credit is due-le. melissa: come on! >> i'm a fan of hakiou. melissa: this is fan of twitter which is its own poetry. i'm impressed with your poetry. >> tough rhyme. melissa: do you think president obama may be headed to big apple. >> yes i did. melissa: "politico" and charlie gasparino that president is eyeing new york because it just, for those of us that live in new york -- >> more about the traffic than anything else. i'm over wit. i'm over the presidential detate that comes to town. melissa: i think he will like the de blasio reign? >> de blasio is further left
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than obama. melissa: yes. >> what is interesting about this. i spent some time with him in washington with really a sort of guy that travels between finance and washington and knows a lot. he actually told me. obama wants to live in new york, when he gets out of office. his wife doesn't necessarily. michelle -- melissa: go back to chicago? you have rahm emanuel there? >> i don't think he want to go -- melissa: go back to chicago. >> why does he come here? it's a great city in you're rich. melissa: tax rate is terrible. >> second one of those secret service motor vehicles flat tire, every pothole in town will be fixed. we could all benefit. >> will he be taking tables over at camp? melissa: strangely silent. >> this is great news. i would say this is city where almost anyone can blend in. not if you're the president. >> bill clinton really doesn't blend n when he comes in everybody is like -- melissa: i'm concerned about the traffic situation. >> that is what i'm saying.
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>> i'm -- >> go from terrible to terrible? >> crappy. melissa: that's true. despite allegations of insider trading phil mickelson's sponsors are sticking with the golf pro. that is for now. >> i was on vann any the other day. he asked me about this. here is what i know from a fairly senior guy in sports marketing. you know, lance armstrong set the bar so high, in terms of scandal with steroid. melissa: or low, depending how you're looking at it. >> or low. this doesn't even come near that. this is by the way as we were talking about i don't think they will nail him on anything. just based on what i know, what is out there he did not commit insider trading. >> anybody that follows golf, how could you not love him? melissa: he has a bit of a gambling past. knowing that -- >> so did bill bennett. look at virtues guy. bill bennett went to vegas all the time, didn't he? melissa: people are saying phil mickelson's squeaky-clean image.
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i don't know what game they have been watching. >> he cheated at golf? melissa: no but. >> if there is not smoking gun evidence, incider trading, people from outside of the invest world think it a very cut and dry case with every everyone but it is really not. there is lot of gray area what constitutes material information and what constitutes non-public information. >> a lot of stuff goes down on the golf course. melissa: really? >> kp move g, as former accountant i love they're sticking by him. melissa: we're following money and none of the money left phil mickelson. that to me they don't have any confidence in this. >> yes, me too. >> i really hope it turns out to be not much for phil mickelson. >> me too. melissa: shine bright like a diamond indeed. rihanna arriving in style. the cfda fashion awards, whering what can only be described as a naked dress. the pop star was covered in more than 200,000 crystals, look at that. we bring this up for obvious
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reasons but also because, it was -- >> want charlie and jack to really turn red. >> why would i turn red at that? melissa: because she is naked. >> why would i turn red. >> comment on what you see. melissa: fashion sense and clothing choices but chooses to wear no clothing. >> i've been staying close to this story as it has been developing, and these parts were showing. what i've learned so far. melissa: where the "money" is, the money shot was showing. >> this is her mo. this is what she does. every dress she has worn at some point you get a breast shot. melissa: she is paid $100,000 to different fashion shows yet she does not wear fashion or clothes. she goes naked. >> one would argue this is high fashion. she is pushing envelope. >> she looks good. what can you say? melissa: thank you. >> one day on fox business, right here, melissa, you will be wearing it. melissa: i don't know about that. okay.
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we'll put charlie in it. high frequency trading has a bad wrap. got bigshots like bill gross singing the blues. don't tell michael lewis but are the days of the individual manager over? do we need them? we have computers! a word to the wise. looking facial hair is not your best look. i know, look at that. take a look at a new trend younger folks -- look closely. into a bit of a hairy situation. more "money" coming up. stick with innovation.
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analysts had been anticipating, expected 13 to 15%. there is also some tough comparisons. the idea here, also, is that next year, may see them growth once again. this is because you will see galaxy and melco crown will open new resorts. there will be more capacity. hope here is that we'll see the growth once again. back to you. melissa: nicole, thanks so much. bill gross's pimco is seeing 13th straight month of investors pulling money away as returns remain low. he and other hotshot money managers making noise with the media. are they losing dominance with computers? back with me is charlie quinn. and sarah quinlan, the duchess of doom and jack hough is back. absolutely we're all afraid of the duchess of doom, right? how do you feel about that duchess? >> i'm good with that. melissa: good for you. so bill gross, pimco. seeing huge outflows at the same
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time, you know that we're looking at folks making money in quantity funds. maybe we don't need these guys anymore. >> i like bill gross. he is a very smart guy and member of our "barron's" roundtable. >> full disclosure. >> if you have a bond fund where you're charging people half a percent, it becomes very difficult for investors to make the numbers work. with yields this low, it really exposes fees on actively managed bond funds. melissa: do we need active managers at all any longer? >> you do but need people who can trade. melissa: why? >> you need people who understand the change in trends. post the recession we see people spending differently. that is 70% of the gdp in the united states. there is a change. and people are investing in 2006 trends as opposed to 2014. melissa: i don't know we need these big loud guys anymore. if you're individual investor, you go with the s&p and dow you do better. if you -- you get in a quant fund. >> my friend in morgan stanley,
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where he puts in a lot of money, hear me out. he helps his client anything out which index fund. melissa: right? >> you would say why do you need a broker, you kind of do to know where the sectors are. they are low cost. i don't care what anybody says. steve cohen getting an edge on you. guess what? if you put your money? s&p 500 fund in may 2009 and kept it until today you made a lot of money and you paid very low fees. melissa: are these big activists guys, who get out there and big fund managers make a lot of noise, love going on television and talk their book on other networks all the time? whether talking about bill gross, talking about ackman and talking about lobe. all the guys get out there and are they worth it? >> no. let me get the one point. i spoke to carl icahn recently, not in context of his investigation, but separately. he said that charlie, why don't you go and become a hedge fund manager. make two and 20. can bs with anybody and go on
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tv. that is the whole thing. steve cohen -- melissa: jack, is that the essence of all these guys? >> going on tv? melissa: yeah! >> bill gross manages the world's largest bond fund. melissa: not for much longer with the outflows. >> i think he is a good manager and i thhnk he, the -- >> hedge funds -- >> king of funds have not paid off. melissa: they have not paid off. look at rate of return, they do not pay off. i mean for the average investor you're better off buying an index, if you have a lot of money -- going -- >> bet algorithms and forget trading. melissa: look at ted griffin's company. >> why -- melissa: renaissance, they're all doing better. >> why get that complicated, if you're an average investor, watch us, get the sectors, invest smart. >> the fact is you need to move amongs sectors where spending is and where you actually see, right now people are experience
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alley spending. you need to be in restaurants as opposed to apparel as an example. >> bond are not a great deal in general with yields so low. your best estimate of returns is that yield, not trading profits of the best thing to do keep your fees very low to an index fund. melissa: from the u.s. money is flying around the globe. to iran, the capitol city engulfed around a enormous dust storm. in a scene out of end of days movie and a wall of sand plunged whole neighborhoods into darkness. isn't that incredible? temperatures dropped from 90 to officials are calling the freak event unprecedented. wow, that would be really scary. in over to france a priest is blessing smartphones in an effort to win over churchgoers. the blessing of electronic devices is keeping with church tradition. just like boats and carts and animals. only 50% of the people in france go to worship.
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down from 80% back in the '80s. maybe blessing phones will help. in japan an underground ice wall is being built to stop radioactive water from leaking from the power plant. a thousands of feet of pipes will barricade and freeze the earth. contaminated water keeps building up posing risk to nearby towns and cities. yikes, that is a downer. are they doing enough to protect your dome. next battle is chippy. next bag of doritos could include something even better than cool ran. big money on the way. ♪. peace of mind is important when you're running a successful business.
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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 menith 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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melissa: better wash your hands. a new study that says obesity is actually contagious. no, that does not mean if you eat more chocolate cake when you see your friend sitting there and eating it. according to the study the common cold could be fueling the fat epidemic. oh, no. dr. manny alvarez joins me right now. you don't believe it? this virus 36. they tested animals. when they injected them with the virus they gained weight even though food intake stayed the same. come on, they got fatter! >> i must be infected up the wing wang. melissa: is that a medical term? wait, don't tell me. anyway. >> look this is anecdotal observation made in animals. it is not a real study. one would argue when you get a viral infection your immune system gets out of whack and your metabolism changes somewhat and perhaps you gain weight. however, however, this nutcase of the author, is saying that,
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oh, that obesity, worldwide is predicated on this virus infecting people. in reality, we know for a fact, that the obesity rates have to do with the products that we're eating, lack of exercise and things of this sort which has nothing to do with a virus. sorry, charlie. melissa: getting a flu shot will not melt the pounds away? >> no. it will take the sniffles away but not the handles. melissa: quitting smoking of course is -- >> good. melissa: supposed to be a good thing. a new study says when smokers quick the habit their lives were 70% less pleasurable. >> wah. melissa: 70%? you're sitting there, i don't know, i could quit smoking but the rest of my life is going to be 30% as happy. >> look this is all predicated on this government of ours, our wonderful -- melissa: the government is behind this data? >> because the data has a lot to do how they will deal with e-cigarettes. whether the regulations of e-cigarettes will be really tough and they don't want to make people unhappy. so, basically, they're saying
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look, we're not going to, with we're going to stick with a plan of having kids less than 18 not use e-cigarettes. let's not go crazy. melissa: okay. >> leave the flavors on. a lot has to do with cause and effect whether or not -- melissa: i don't know, it sounded right from former smokers on staff. my life is about 70% unhappier than before. >> you will live longer and be miserable. melissa: wearing one can increase your chance of getting into an accident. a new study says, drivers around you get a false sense of safety when a cyclist is wearing a helmet, upping the possibility of hitting them. they were saying drivers, you see someone with a helmet on, you get close and less careful. >> could be, could be. melissa: more dangerous than without a helmet on. >> this is anecdotal reports. this is particular neurosurgeon out of england. these helmets do not really protect cycling folks. melissa: they are kind of flimsy. >> they are are kind of flimsy.
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there are not a lost standards. most important argument, use a helmet, is it proper? are they manufactured under safety guidelines. a lot of times they wear the things. they don't protect you. you fall down and get a concussion. melissa: sometimes seems like the helmet is wearing you for protection. i'm not sure they do that much. >> a lot of people are using bicycles. they have to wear something on their heads. melissa: before i let you go, this one is especially for you as a childhood toy taking a giant leap. moms around the world getting something else to worry about as the pogo stick goes extreme. the hobby once considered about as tough as badminton is the latest trend in action sports. dr. manny, will this keep doctors busy -- melissa: i was in central park. >> love it. love it. melissa: you love it? >> love it. melissa: talk about not wearing a helmet. that is crazy. >> practice like skateboarding. got to practice. no doubt about it. this is, as long as --
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melissa: oh. his arms are broken and ribs broken. >> reality show, there you go. channel 51. there you go. melissa: >> as long as kids know what they're doing and practice and. melissa: kids never do crazy things. we'll be fine. it will all be good. >> i may try that. melissa: let me know, so i can bring in a camera. coming up seattle taking a stand. the new minimum wage now officially highest in the nation but what about the employers that have to pick up the bill? we're talking to one of them coming up next. plus the doctor makes a house call but not even he could save the apple conference from becoming a non-stop snooze fest. how did it all go so wrong? "piles of money" coming right up. ♪. (mother vo) when i was pregnant...
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melissa: the s&p turning positive for the first time today after yesterday's record close, the dow is up at the cme. what is driving the trade right now? >> if you look at the ranges, usually we make a 10 to 12 point range, 6 to 8 points. we are waiting for the employment situation. it will be a huge number. of the market needs to watch the reverse, we need to make a new all-time high and come out hot off of that number. it is price action and price momentum. i keep an eye on the futures, the number will come out at 7:30 a.m. central standard time
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watching futures trade. we rallied hard and sold out. if we have a huge reversal friday it could be a short-term pop but we are keeping an eye in the short trading range the last couple days. melissa: seattle fighting for 15, the city unanimously passing of vote to raise its minimum wage more than $5 from washington state's mandated $9.32 an hour is the highest in the nation. is said to take effect in less than a year. joining me on the phone is restaurant alliance president, thanks for joining us. what do you think of this? what does it mean to your business in particular? >> for us personally it will have an impact. we already foresee having increased prices. we have to absorb this and there needs to be seen how that will look but at a minimum price increases, probably cutting some staff and definitely
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consolidating our employment. melissa: 5560 earn minimum wage. if you have to to come up that much and i understand it doesn't faze in immediately, a lot of people argue it goes up everyone has got to do it to stay competitive. to you agree with that? >> i agree with that 100%. there is that split from small business to big business, as as a small business, we have to compete at the same level of big businesses and ratchet up quicker and they don't include gratuities. melissa: have you crunched the numbers? will you let anyone dope or cut anyone's hours? >> we have crunched the numbers. it looks to be a $90,000 prospect, looking at service members, service employees, and kind of put that increase on top of it. so we are going to have to
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increase -- we don't fall into business categories of adjusting to the employee, and affect this as much. as we grow, that is something we will look at. we will consistently probably try to push away from part-time employees and stick with full timers to keep our numbers low. melissa: $90,000 means he will raise prices out of the gate? >> correct. keep in mind, that doesn't account for any employee to don't receive gratuities. it doesn't account for increases in costs that will come because of this. all my vendors have to deal with the increase. all my thoughts are going to go up, chances are utility the going to go, everything will go up. >> unemployment is 9.8%. and the unemployment rate is
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11%. at the very tight labor market, you got to pay people more to have them do the job so it just means the price of everything will go up and that is the way it is. >> you hit the nail on the head, seattle is an expensive city to live in. even more so than it already is. you can create money out of nothing. where's the money coming? melissa: thanks for coming on with your perspective. we have tracy and jack with us. >> i said before i am broadly in favor of raising the minimum wage. it has fallen behind inflation, i thought $10 was a good number. $15 is pretty ambitious, seattle think it can support it. he has a number that he thinks will be more fair, where is that now? 9 and change is okay? the good thing, and what works
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well. melissa: i am sure it will cost $90,000. $40,000, raised prices. and will improve the economy. they spend more. >> this happens when the sun doesn't shine, you don't think straight. and the board voted it. that was the end of that and the board was very liberal, wanted this raise so business owners didn't have much of a say in this. melissa: they could move their business out of the city. >> let's remember workers are customers. they get more money in their pocket. sort of like it is going where it came from. all right. dot to beef it there. apparently there is no place like home.
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a whole generation still bunking with mom and dad. why the kardashians might be to blame. the money coming up. [ the human league's "human" plays ] humans... sometimes life trips us up. sometimes we trip ourselves up. and although the mistakes may seem to just keep coming at you... so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and ask about all the personalized savings
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defense saying the region needs increased security, the white house is calling on congress to support the initiative which would see more u.s. forces on european soil. smokers is raising price of coffee 9%. and doubled in price. and an ongoing drought in brazil. dollar general just missed earnings expectations, blaming it on bad weather. discount retailer saying optimistic, saying it is on track opens 700 new stores to accommodate steady climb in consumer traffic. that is the latest on the fox business network giving you the power to prosper. ♪
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futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. melissa: you have 99 problems and one is on your couch. according to research from deutsche bank, a third of 18-34-year-olds i still living at home with mom and dad. how do you get your problems out? here's employment expert joni courtney, and tracy byrnes is also on mama. what do you think of this? a third of kids 18-34 adults, 18-34 living with mom and dad. >> there is definitely a shift
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that we are seeing with his younger millennial generation. a few different factors, could be a little bit of the parents, wing or enabling them. it is also just came out of one of the worst recessions, all kinds of problems out there. melissa: there has got to be a parental role in this. got to be a tough parent and say get out there. my kids are little so easy for me to say. >> parent definitely playing a role in this. part of the issue that is going on is it is such an uncertain world and as parents we are hovering, the helicopter stuff we do, we know is difficult for them to pay the rent and to buy their own homes. and i will say this, a little bit on the sad side here but with all of the mass shootings we have seen, the uncertainty in the world's.
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melissa: shootings? >> a lot of parents are happy -- melissa: four out of five don't have a job, the brookings institute found 64% of these folks, 18-34 say they would rather make $40,000 a year in a job they love than the one hundred thousand dollars in a job they find boring. they don't want to work unless it is fun and don't realize work is work, you are supposed to get out and make your way. >> we are really hard on these kids. we are cooler parents. how about they want to stay with you because you are cool? terrible, go to bed at 8:00. >> there's a better relationship with parents and kids. and first of all there is something to be said about the fact that families are closer and you will see that when parents are older. melissa: the way young people talk about hurting their job
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prospects the growing phenomenon is becoming -- take a listen. >> thank you for considering me for this opportunity. melissa: you don't think the kardashian -- people coming to my office looking for jobs -- not authority of, if they are like the kardashians. >> too much watching reality tv, texting and not having good enough conversations but when people come to me and looking for a job, can't coach them not only on what is the field and what you looking for, here is how you need to speak in an interview or present yourself. >> i totally agree with the texting and social networking. they don't have to speak to one another face to face so they
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don't develop social skills as well as we did. melissa: did we have them? we talk to reach other on the telephone. >> this is just as stupid coming up the ranks and we were as clueless and i went to my first job and they said thomas of negative about you and i said i am always late. too hard on myself. >> say it to their face i am always late. >> faster is than you could say, a new study from the national bureau of economic research finds low-wage jobs could lead to wage penalties for years to come. in the job where you are underemployed there is a penalty, 2% your wages leader over time so argument against the idea. my thought is -- be careful of the job of your dream, though four, get out and do something, get work experience, learn to be
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an employee, they are saying no. overtime that gets you on the wrong track and diminishes your earnings. >> i was talking about a bartender i knew growing up and he made so much money tending bar that when the police close down everyone was out of college, he was still tending bar and had nothing to show for himself. you get caught up in -- >> take any job or we for the right job? >> i say take a job but remember finding a job is a full-time job. now you have two jobs, you have a job may be part time we chrising, bartending and you need to be out there aggressively. trying to find yourself. >> keep looking forward. melissa: another hair raising trend that has gone too far. 20 something men have gone funeral sprouting flowing beards that would make grizzly adams and z z top jealous. it is all bad news for
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razormakers but these facial atrocities are likened to small mammals on your chin. with any less the campaign will work. they you see these ads? how does it make you feel? they want to cozy up to a man with a beard? >> a brilliant marketing campaign. >> does it make you want to shave? >> you don't want to take too far. women like men who have ten days of facial hair. at the ten days of facial hair. >> i can't stand the stubble on my own legs. >> good news thanks to all of you. i will let you all go. trading with our very own liz claman. you want to try to follow all that? liz: window with an amazing
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number and we have just gotten it. u.s. light vehicle auto sales for the month of may. blasting to the moon, 16.77 million. everyone is expecting 16.1. chrysler itself was asking for higher than that. mailing it pretty dramatic. the come back of the auto industry, toyota at the helm of it. the top guy who follows every bit of detail when it comes to toyota because he is the guy, toyota voter sales vp and general manager. talk about the camry and their numbers which are up 17% but what about the luxury segment? they have a name and a panoply of cars that has done extremely well. we are also doing a sort of day after the apple world developers' conference. what really came out of it? now we turn to samsung which has come out with the galaxy x
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phone, the samsung x which was a totally different focus on it from android or apple. stay tuned, a brilliant round table on that and more and the s&p turned positive. melissa: can't wait. a big fashion deal but even the famed designer having difficulty making google last look cool. we will hear from a marketing expert on google's new glass fashion. you can never have too much cash in your pocket. we asked people a question,
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪
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let's get some science in here. let's build a bed. another bed? no, a smarter bed a entirely new sleep number bed that tracks your movement, your heartbeat, your breathing - sensors working directly with the dual air chambers - yeah you need the air chambers. introducing the sleep number bed now with sleepiq technology. it tracks your sleep patterns and tells you how to adjust for... a good night's sleep, a better night, and an awesome night. so what sleep number adjustments make the difference? try cranking it up? adjust it down? a little bubbly? or nix the late night flicks? wait, you'll know what works, cuz sleepiq™ technology tells you. and all you have to do is sleep. which is easy. only at a sleep number store, mattresses with sleepiq start at just $999.98 because everyone deserves a great night's sleep. know better sleep with sleep number. melissa: fashion faux pas?
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to design a new line of glass, a fashion icon but they are so ugly, marketing guru, still here with this one. they have tried everything. decent looking glasses. what do you think? >> looking like a cyborg is the point. the google glass you look like love barberton's character from star trek the next generation but early adapters want to look strange. i am trying something new. why is google rushing in to have these glasses look like normal glasses? those buyers come later. the buyers that matter now are the folks who want to make a statement and want to do something -- melissa: they are really worried about it because they had a big layoff in vogue where they try to pair them with fashionable clothing. they must be getting feedback that nobody nor wants to walk
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around wearing these things. >> that simply means google needs to wait for the solution, search for the solution to getting people to wear them but putting them in vogue is the way to do it. shows that the product itself is hit because it makes you had because it is about you. i love that you call her tbs. melissa: i sat next to her at a number of dinners. taking a page out of junk foodmaker frito-lay giving away what everyone wants, golden door rios, an effort to boost sales of the mystery flavors which need more help than the shrimp and mayonnaise flavor. what do you think? they talk about having goals chips in the back. they can't actually put them in the bag because somebody might joke upon them and i guess you take a metal detector to the grocery aisle and sit and find the one with the gold chip, do
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you like this marketing or think it is a little crazy? >> donr 3, someone would ship 82 biting into it. i love this idea because this idea reminds me of a product i want, cracker jack. you open the box on the bottom. opening of that box and finding something hidden in plain sight is what we all want. melissa: what do you do? put it on a chain around your neck? would you going to do with a gold-plated door rico? >> it is worth $30 a you sell that one on the bay. the solid gold that one person is going to win is $30,000, put that in your college fund. my biggest problem, doesn't that sound like someone's koren name? melissa: don't say another word. that is enough's.
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♪ ♪ melissa: so cloud computing and operating systems get you all fired up, then the apple developers conference has turned into a nonstop thrill ride. but for everyone else, it's been a snooze. so the apple brain trust enlisted its new employee to fire up the crowd. >> hey, it's craig here. >> hey, how you doing? it's dre. [laughter] >> hey, doctor, you're on speaker speakerphone via my mack. i think orientation starts at nine, and you don't want to miss the t-shirt, so i'd shoot for nine. melissa: wow. that was hi lair douse.
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be -- hilarious. i mean, he's reading from a script. it's like the big nerd waving to the cool kid in the hall. we're friends, we're friends! i mean, wow. >> it is a developers conference, right? it's not stand up -- [laughter] comedy showcase. melissa: that's not a bad idea. maybe they should hire someone to either punch up the script or do a little stand up or something. >> they didn't have a product. anybody who was expecting, you know, hoopla and awe out of this, they did introduce some really cool things like the whole messaging what's app, i mean, all the stuff they've been behind on they need to bring it to the table. there was stuff, but, again, no one thought they were going to introduce a cure for cancer. melissa: it used to be an exciting event. more exciting even there a nerd perspective. there were other ceos out there throwing rocks at them. the what's app ceo saying very flattering to see apple borrow numerous what's app features in
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ios8, hashtag innovation. also a tweet from apple's approach to cloud storage. >> what happened yesterday was what makes apple work. we think of it as a hardware company. obviously, it sells hardware, but really it's a software and ecosystem company. the most important number you saw yesterday was how nine out of ten apple users have the latest software updated on their phone. that's not the case -- melissa: do you think dre was just rolling his eyes and shaking his head like these guys are such it yachts? >> maybe. -- idiots. >> do i actually have to have lunch with them? >> there could have been a eye roll. melissa: huge eye roll. i'm not introducing them to any of -- >> they knew what they were getting into. melissa: they're laughing all the way to the bank. >> exactly. they bought these guys for the cool factor. melissa: i don't know if it's
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working for them. anyway, it's working for you two. we appreciate it. that's all we have for you right now. i hope you are making money today. "countdown" starts right now. liz: as the markets search for clues on whether the world economy is revving up, auto sales kick into overdrive. chrysler kills it, jeep once again the star of the show. general, what recall, moments, and ford is accelerating as well. we have complete car coverage with toyota's chief. talking smack -- >> they had bought an android phone by mistake -- [laughter] and then had a better experience and a better life. >> apple ceo tim cook turns up the heat on google, and samsung joins in. the world's number one android phone maker unveiling its first mass market smartphone with its
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