tv MONEY With Melissa Francis FOX Business June 5, 2014 2:00pm-3:01pm EDT
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spain will be the victor. goldman sachs predict host country brazil will win the entire global tournament. next week we'll gear up for the world club. we'll look for investing in brazil, along with infrastructure, security, travel, much, much more. don't miss our special theme week, the big bet on brazil. meantime melissa francis is here. melissa: yes i am. thanks so much. giving up the fight. mcdonald's backs down as wage rates sweeps across the nation. it will support any pay hike proposed by the white house. big recovery or is it? we're 100,000 jobs away from clawing back all those lost during the recovery, if you forget about population growth of course, but definitely turning into a case of quantity over quality? or maybe not. how doctors have figured out away to erase huge chunks of your mind and could come at a pretty high price. even when they say it's not it is always about "money."
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melissa: all right. hank greenberg might be about to get a few helping hands. according to our own charlie gasparino, the former aig chief executive is in talks with major investors to fund his lawsuit against the federal government. charlie is here now along with "wall street journal's" veronica dagher and barron's jack otter. >> talk about alternative invest? you could invest in lawsuits. several major investors are investing in hank's lawsuit about the legality of the aig takeover. they are looking to recover $50 billion in damages. they said the way they did the deal basically screwed shareholders compared to the other deals. steve cohen, ken langone, staun drunkenmiller are interested in rights, is right a security.
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you fund the lawsuit. defray -- melissa: that is quite a cast of characters piling on. this. >> this is good story. melissa: it is a good story. >> they all attend ad march 6th meeting conducted by hank and david boies, his high-profile attorney. david boies went through the case. here is why we think we have a shot. this case survived several attempts by the government to dismiss it. it won class-action status. boyce won the right to depose ben bernanke, tim geithner, hank paulson, all the government officials that are essentially around the bailouts which we have reviewed those depositions. melissa: does it help you or hurt you to have steve cohen? >> that is a great question. melissa: maybe he should be a silent investor. >> let me point out two things. hank hasn't decided whether to go forward with this. they're interested in investing. hank and steve share the same lawyer. david boies is both of their lawyers. here is what we have here. listen, the next step is hank's. does he open it up? we don't know yet.
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we know this meeting occurred. these guys are interested. this is, we should point out there's a bigger story here in terms of alternative investing. funding of lawsuits is something that occurs quite often now. generally doesn't occur with case, not with this. billion dollar lawsuit against the federal government. there is the news. melissa: that is good news. we look forward to more on that one. meantime, mcdonald's apparently loving the minimum wage hike. done tom san will support president's obama legislation to increase the wage to $10.10 an hour. if they believed in it, they own 20% of the restaurants, raise wages to 10 :10 p.m. but no doubt hurt the franchisees. >> he would rather have protests in burger king than his restaurant. what the hell. looks good. melissa: is it about sounding good? doesn't feel very sincere, veronica?
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>> it is interesting. we'll see how sincere it is. maybe if he was sincere we'll see what push back we get from @, the franchisees. i'm sure they're not happy. melissa: no. >> these employees, i'm curious to see if this satiates demand. they were asking for 15, mcdonald's employers. melissa: it was never going to be 15. >> would be nice this guy who is i'm sure experienced businessman would actually level with the people what this means for jobs at mcdonald's. the fact that these are many small businesses. these businesses operate on somewhat of a tight margin. when you start raising their minimum wage, you cost jobs. would be nice if mr. thompson went out there to explain that. >> how many people get laid off or how many hours are cut. >> a little honesty. melissa: here is the math. the other guys say it will cost me $125,000. here is where it will come from snoop write an op-ed in "barron's." him sure you guys would publish
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it. >> i got to henry ford. when he went to five bucks. they said he was crazy and it worked. five bucks a day. melissa: wait for it, a grilled cheese food truck. did you see this story. >> why is that -- melissa: bill gross. that stunned me for a second. this is jeremy. a fund manager for pacific investment management which is of course pimco. he is starting 10 food trucks in los angeles, rather than continuing to work at pimco. veronica. >> he is young. he is 36. he made his money. he is probably bored in the bond market. nothing creative. melissa: how crazy everything at pimco has gotten with bill gross writing a letter about his cat and people running for the hills and this guy is like, you know what? grilled trucks that make grilled cheese. >> have you heard about this guy? melissa: no, i don't think he is quite low level. >> not household name like bill
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gross. i remember during the, in the 1980s a lot of brokers i knew made a few bucks during the 1980s and quit. i knew guys who opened up bagel shops. they're doing quite well. midas muffler shops. they did okay. >> maybe he come back like dave -- >> who is that? melissa: amazon big announcement with this online video of people looking down at a mystery object. look a little closer at one of these shots though. you can see what -- >> what are you pointing. melissa: i know, that's what i said. top of a smartphone. we're looking at the smartphone -- >> i don't think that is what the arrow is. no it is not. melissa: yes. there is teeny bit of a smartphone. >> i think george did this. melissa: our cameraman who charlie is saying very interested in cleavage. anyway. actually a goof or just a well-placed red herring? do you think that is the real phone, that if you can pry your eyes away from her chiefage and see below.
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there is little sliver of a phone? do you think they gave it away and we're excited staring at the picture, what's the deal they're causing a buzz. think of it as either way. maybe they made a mistake in commercial, who knows. i think it will be really interesting to see what this phone actually looks like. it is a saturated market to begin with, the smartphone market. they're so late in it. they will have to do something really amazing to make it work and make people buy it. >> constant up keep to get the maps right. to get everything else. not like a kindle where you sell some books. this is a serious business. google struggled with it. look at motorola. i'm not too optimistic that bezos can pull this off. melissa: okay. perhaps backing the wrong horse. breed right is planning to hand out nasal strips -- we're running out of time. they are hoping that equestions at thissian enthusiasts snap photos of themselves wearing
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strips on social media. we made one of charlie gasparino wearing a breathe right. >> i used these. melissa: those a real photo. >> i used to box when i was a kid. i have what do you call did be. melissa: deviated septum, broken nose. brain problems. >> that too. it separates your sinuses so your nasal passages open. you can sleep better. melissa: so you're a big fan of this. the horse wears little tape strips and there is controversy around it. like all sporting equipment some say it is hocus-pocus and some say it is cheating. on humans. we don't know about the horse. breathe right is taking the opportunity to promote their strips and give it to people at the horse race but they want people to put them on and take selfies themselves. charlie is obviously willing to do it. opposed four photo. jack? >> i'm everybody at kentucky derby and everybody looks so elegant and they come to the new york and put a piece of tape on their nose.
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come on. >> it is long island. i can say that. melissa: this is another good one, hillary clinton gracing cover of "people" magazine. getting attention for all the wrong reasons. leave it to the internet to point out what does it look like she is holding in the shot? can you see? people are saying it looks like a walker. >> oh, god. melissa: if you look closely at photo, could be a shopping cart. i think actuality it's a chair but folks are saying it looks like "people" is saying she is pushing a walker. sure the photographer on that got an earful from the clintons. not too happy. >> i would think, i don't know. melissa: at the same time russian president vladmir putin saying in interview this week hillary clinton is weak. adding that the former secretary of state has not been too graceful in her statements. >> he said that? melissa: he said it is better not to argue with women. did i had do that right? there's lot in there to go with. weak is never word i never think of with hillary clinton.
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>> not so much. melissa: what do you think about bill. do you think she is weak? >> we didn't have exactly robust foreign policy, right? benghazi was weak, besides the tragedy of it. the fact that we did not save our men. melissa: do you think it is smart to argue with women? >> i argue with them every day. i have no problem. >> he is the strongest guy, horses with no shirt. melissa: shirt off. you guys have been very helpful today. i appreciate your time. the rise of the robots has never looked this cute. get ready for the live-in humanoid that will clean your dishes and comfort you when you're sad. cost way less than a dog or a maid. plus, packing up and heading out. wealthy folks are gerting up riches and heading overseas. listen to where they're going. that was shocking to me. ♪.
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really an. thee executives are leaving. according to at least one source, some left on their own and some have beening asked to leave. some are reassigned, but the change reflects his ambition to change the company. if you think of words with friend that is one of the people that is leaving. the stock year-to-date is down over 25%. we'll see if it can turn this one around, down 12%, melissa. melissa: nicole, thanks so much. main jobs report comes out tomorrow morning. vice president biden is getting ahead of the discussion. >> look at 30 occupations that. we've grown and made sure no one got left behind, no one got left behind. we didn't guaranty every new job would be high-paying job.
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melissa: oh. we are still 113,000 jobs away from the break-even point on jobs lost in the financial crisis, if you don't care about population growth and all the other factors around that. so are we really not left behind? charlie gasparino is with us. joining me, jimmy lee of the wealth consulting group. tom bill gel of -- tom gimbel of lasalle network. hard to start with that one. some, i will give you first crack at it. the vice president there saying we wouldn't promise these would jobs you support yourself or got a bigger wage or we just promised everybody they would have a job. is that what it feels like out there, tom? >> i think a lot of people are looking for the right job. the biggest thing, nobody wants to talk about it in t administration, the skills gap. the jobs left and jobs available doesn't mesh. four years ago it was green energy and making things better and don't worry about it, we're
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getting rid of oil. it will be solar and windmills. what happened to that talk? now it is about, more jobs but they don't have benefits but aca will take care of that and everything will fall into place. it is not that easy. melissa: it is not that easy. i was surprised the list of 10 hardest to fill jobs here in the u.s. first one is skilled trade. that makes sense. that is manufacturing jobs that prior professional training. number two is restaurant and hotel staff. number three, sales representative. we have the graphic somewhere if you want to look at list. restaurant and hotel is one ever hardest jobs to fill. jimmy, does that make sense to you. >> a lot of myself and my clients are small business owners are looking to fill jobs. doesn't make a lot of sense. you would think people look for jobs like that. melissa: charlie, what do you think? >> we have jobs on the low end. that is what all the real numbers show. we have jobs on high-end. if you want to write code for computers, you can get jobs. good-paying middle jobs. american enterprise institute
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put out really good statistics. those are jobs that support the economy, help you create gdp. can't just have it on both ends. that is the wealth gap right there. this is economy that does not produce good-paying jobs. it will be a problem. the irony here the most class conscious president and vice president we've had in very long time have presided over economy where the rich got a lot rich ir, poor actually got poorer. melissa: this is trained. one of the hardest jobs to fill, seeing gain, retail sales and cashiers where the occupations. >> low end. that is low end job. melissa: yeah. melissa: these are the ones, that is where you're seeing biggest gains. >> that's it. if you write code, if you have skills you can get a job. melissa: tom, that is where we're seeing biggest gains, if you're going to be retail salesperson? >> wait until they raise the minimum wage. that will be biggest area of decline. really everybody wants to have their cake and eat it too. it just not going to be that way. you're seeing business services and professional services are
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highest growth, adding most jobs to the business, aside from that entry level retail job. so there is just disconnect between where people were let go, four or five years ago and they were let go as the other panelists said, in that middle market, that 45 to $80,000 market where people got hit hard. melissa: jimmy in an absolute sense, they're saying, i saw this on a bunch of other networks today, that 113,000 jobs, that is how far away we are from regaining everything we lost. there will be a celebration if we cross that number tomorrow. that is very misleading stat, right? >> agree. i'm from las vegas to know better than make prediction of tomorrow's report. but i do believe we have a general trend. i think second half of the year the trend will be positive for jobs. melissa: i don't know. good luck. thanks guys. from the u.s. to every corner of the globe money is flying around the world, starting in japan where people will soon have live-in robots said to be powered by love and crack jokes. i don't get this one. pepper is emotionally aware humanoid that will be able to
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sense if you are happy or sad. he will also be helping you with odd jobs around the house. he will cost under $2,000 and be made available next february. i don't know what else to say to that one. over in the u.k., prime david cameron has been fracked by angry environmentalists. his country home was blocked off by metal barricade as activists impersonated workers drilling for gas in the backyard. brits are outraged at new laws that give firms the right to frack on people's land without permission. not all bad news for the prime minister. activists made effort to again sate him for inconvenience with big check for 80 bucks. that is great. landing in thailand they are using three finger salute made in the famous movie "the hunger games." they are frustrated with military rule and showing gesture with dissatisfaction. anyone using the salute faces
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how much money do you ink 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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melissa: it's a decision that makes janet yellen and the fed look downright hand off. faced with tepid economic growth the european central bank resorting to unprecedented steps, essentially charging bank for holding reserves. our own judge andrew napolitano is ready to throw the book at them and he joins me now. you are really fired up about
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this one, judge. >> i was fired up about it, melissa. it is a little bit in the weeds because if you read the headline to the articles about this it says, ecb, european central bank, to charge negative interest rate. most people would say, what the heck is a negative interest rate? well the european central bank, like our federal reserve is the favorite place for the nation banks to deposit their cash but the ecb is going to charge those banks for keeping their cash in the ecb. almost unheard of. why are they doing that? they want to force them to lend it, to borrowers who are probably uncredit worthy. here we go again. melissa: right. i mow that they have talked, this has not happened in the u.s. there has been talk about it at certain points in various corridors. i mean, do you think it comes to the u.s. and did we learn nothing from the financial crisis? >> i don't think it will come, i don't think it will come to the u.s. we have more sophisticated
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ways to address this, at least in the minds of the people that run the federal reserve, but, denmark and sweden tried this in 2008, shortly after the worldwide financial crisis. it didn't show any change. didn't even make a blip on the radar screen. honestly, melissa. i think this is bureaucrats who are, by their mind-set and their education and geography, they're leaning toward socialism in europe, believing they have to do something. this is the next thing on their checklist. melissa: judge, i appreciate your outrage. thanks for coming on. >> anytime i will be outrageous for you. melissa: from the college boyfriend to the vacation from hell we have all had experiences we want to forget. the reality of a spotless mind could some con sooner than you think. researchers eliminated certain memories from rats! fueling speculation that humans won't be far behind. here is dr. manny alvarez from the fox news medical a-team.
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so the idea is maybe, if you have posttraumatic stress disorder? >> the idea is huge. this is a landmark paper and journal of nature out of scientists from california. basically what they did, they manipulated brained cells of rats by using different techniques but at end of the day they were able to instill a memory in those nerve cells and then erase it. which is huge. now we know memories are electrical impulses that get embedded into your brain tissue. we truly don't understand the whole concept yet. but this type of research is quite important because let's look at alzheimer's. we have millions of people with alzheimer's every year. continues to be global problem. there is a lot of research that needs to be done. we know for a fact that in alzheimer's we have beta deposits in the brain cells which interfere with the synaptic juncture of brain processes therefore people forget, they don't remember, memories get erased.
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so the mechanism is there. the key is that if you're able to do this with, you know, with manipulating cells using electrical impulses and also light i am pulls where you place a memory, erase it, retrace it again, now you know how to control nerve cells, if you apply that science to humans that's huge. melissa: is this a scary as it sound? to me it sound like you're -- >> no, i don't think -- listen -- melissa: can you accidentally erase too much? >> look, the most important organ of our body is the brain. it controls everything. you can talk about cardiovascular and all of that nonsense. a lot of that is lifestyle. a lot of that is genetic. we get it. the brain is unique. we only know a fraction of the biology of the brain. that is the future. we're living longer. people, if you projected the life expectancy for another 50 years, people might be in their 90s overwhelmingly if they do the right things. melissa: right. >> therefore the brain now
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becomes quite more important than ever before. so that we can learn biology and mechanics and able to erase ptsd, posttraumatic stress, sort of slow down the process of alzheimer's, trauma, things of this sort, this is huge biology. why this is printed in the journal of nature, one of the pros preeminent journals in the country. love it. passionate about this. there you go. melissa: remember, don't burn a hole in your pocket. alibaba is gearing up to go public but it has a pretty pricey problem on their hands. how the company is bracing itself to be swimming in cash. speaking of excessive cash, one celeb left a sizable amount for something rather sweet. you never guess how big of a tip one celeb left for a cup of frojo. more "money" coming up. ♪.
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melissa: i want to show you oil right now. president obama suspending iran oil sanctions for six months as a company complies the commitment to limit part of the controversial program. let's see how that is impacting the trade. larry. >> right now to start impacting trading a whole lot. hitting has been muted on oil. people are talking about demand growth more than supply. the demanding market growth persist even accelerating in the first quarter in 2014. nobody expected that. move onto the developed markets, japan, europe muted but in the u.s. we had 2% demand growth. that matters, so right now trading in a tight range president obama said did nothing for the market but we are tight. melissa: thank you very much.
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an increasing amount of wealthy people are fleeing the country to save money. immigrant investor programs are popping up in 20 countries around the globe. here to discuss it all, jo ling kent and david friedman. these are very wealthy people moving around the world, david, looking for a place to go with their money, popular destinations include places like cyprus, spain and australia. >> span is an interesting choice because the economy is going down, but a broader trend toward europe, from a tax regime it seems there is a lot. melissa: to americans hearing this the tax burden in europe, fleeing france to go to russia because he would get better tax treatments for how can people get better tax treatment? >> you think about who is there, the russian billionaires, all of the stories, they have a very favorable tax regime bringing money the first time initially.
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a second liquidity event or extra money after that, it can be very burden some. melissa: would you go to another country? i am thinking of going to the bahamas myself. >> i love america so i am staying for now. that would be great if i could arrange that somehow. this flight to europe is interesting. a lot of the wealthy people for tax reasons can inherit, give their kid is much as possible in certain cases. and the schools, this opportunity to educate your kids is very appealing to some folks. melissa: as much as we feel we are overburdened, there are chinese coming to the u.s. as a destination to get better tax rates. >> some of the most competitive buildings in new york a battle battling chinese versus chinese to get apartments. a lot of real estate agents are
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using social media just to sell apartments. chinese people and not even coming over to park their money, they are having somebody else to do this. melissa: it is a lot to think about, but sometimes worth considering. a brand-new group of people could be added to the world wealthy. alibaba employees can unlock $41 billion when a company goes public. alibaba is counseling if employees on how to deal with the upcoming fortunes. jo ling: this has been happening for a while but it is wrapping up because people are about to become very wealthy. the advice tends to be to be more modest, don't spend all your money on cars or objects. melissa: is it that much money for these employees? >> it depends on who you look at. there is a suite of his extensive stand to make billions of dollars. $20 billion of that is going to be locked up within the alibaba
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partnership. some of the people still will make a lot of money. you have to remember what they are currently making right now probably pales in comparison to whatever the increases. melissa: what do you think they're going to do with this money? >> here's the other driver, geopolitical risk is one of the biggest factors. it explains europe. buying it without even looking is not an investment in real estate, it is getting money out, investing in something that is safe. driving a huge trend in real estate by the chinese buying in new york particularly be at >> a lot of our investors are skeptical of their own bank. we will see a lot more chinese investors in new york. what they'r they are telling thr employees is smart.
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you don't want to make spending decisions right away. make sure you have something left at the end of the day. thanks, guys. you can't sit down with us, the office bullying fit for mean girl. some say it is more productive than it seems. at the end of the day it is all about money and short feelings. mean girls.
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melissa: i am melissa francis with your fox business brief. general motors dismissed 15 employees after an investigation into the defective ignition switches. the ceo says those workers came from areas including the companies engineering and legal department. she went on to say the reports were brutally tough and deeply troubling. donald sterling has accepted a deal to sell the l.a. clippers to former microsoft boss steve ballmer for $2 billion. he is also dropping the lawsuit filed last friday against the nba, and the number of americans filing claims run appointment benefits rose last week by 8000
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[ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... 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: the perfect prank is the precise balance of something incredibly irritating yet entirely harmless and this high
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school nailed it. a class of santa barbara seniors hired a mariachi band to follow their principal through the halls. it is the king of all annoying things. it went on for more than an hour. they are here now. can i have a mariachi band follow you around? at first it would be fun. >> when i moved back i was still happy to have my big job in the cities, i would get on the subway, the mariachi band begins with an accordion and the whole thing. >> you could not annoy me that, i actually love mariachi music. melissa: if you look at the principal closely, he thinks it's funny and then he looks annoyed. >> that is the soundtrack of our
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lives. melissa: the real reason you are here in case your wondering. researchers are better off being bullied then it ignored at the office for your psychology, being ignored, being ostracized is the worst and most damaging thing i can happen at work. do you believe this? >> i will draw an analogy when i have couples that come in, the partners are much more annoyed with one another when they are not responding and not talking, it would rather have the fight, they need some sort of interaction versus just being a good completely. melissa: empirically they found somebody was much more likely to quit. if they were ice out of the office, much more likely to quit then if they were bullied? >> they study at on antidotal,
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you have a decent home life and getting paid, what the heck. >> you turn around and bully the people, you say i want interaction and i want it now. melissa: i love it. turned out working extra hard isn't worth it. exceeding your promise at work is not worth the effort. so their point was when somebody has an assignment that is due, when they turn it in late it gets noticed and you're punished for that, but if you turn it in a day early it wasn't really worth it. >> that part of it is true, but i believe you should be working for works sake itself. it is about the excellence of the work. a lot of people are not going to give you the credit you deserve.
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if you are waiting for it, you are going to be isolated and you are going to die. melissa: i thought that is how you get ahead in the world. >> the thing i don't want to hear is that is not my job. the only way is to do the job you want for a long time until you are finally recognize good unfortunately have to go above and beyond. melissa: what if i look like i'm working extra hard and not really doing it. >> you can only go so long when people start to look through that. melissa: thanks, guys. i am having a really good time in case you haven't noticed. joining us now, liz claman. you are always working hard, what do you have? >> unless i am watching the
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king's game. have a great market happening today, but there are major headlines for both overseas going negative, but also general motors. there is a certain discussion that was threaded through with some of the other gm executives about which steps are counted and which don't in the recall nightmare that people on the backseat don't count. that may be accurate but did they just stick their proverbial foot in their mouth? we will be watching the stock, we will be watching the story with general motors experts coming on plus it is a plane, a bird, a motorcycle with a roof, air-conditioned with windows that go up and down? a freewheel's creation, and we have the guy who founded the company and the ceo, part of the startup nation fox business
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exclusive, who is his market? another exciting story, great american entrepreneur we have him on fox business exclusive. melissa: forget learning gecko and the wealth of wall street, it is ackman coming to a theater near you. and getting paid by the day, the 49ers showing their quarterbacks in california love with a massive paycheck. "smart money" on the way. (mother vo) when i was pregnant
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with higher drug costs. the ceo owns nearly 3 million shares meaning he lost 2.1 million today. earning himself a little san francisco treat. san francisco 49ers quarterback colin kaepernick signing a $126 million deal to stay by the bay. pretty big names. pulling in a higher seller then peyton manning and tom brady? deciding not to dine and -, the oscar-winner docked into pink berry for some froyo but wasn't carrying any cash, she left without paying and came back with a $100 bill and she can keep the $96 in change as a tip. that was nice. time for little fun with "spare change." joining me now is the filmmaker
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and our own charlie gasparino is back as well. why did you decide to do this story in particular? >> there were three reasons, melissa. an academy award undefeated. the story itself has the ingredients of everything you look for as a documentary filmmaker. the company's future is on the line, over a billion dollars in the short investment on the line, and compelling characters from all segments of american life. melissa: at the end of the day, is it a pyramid scheme, what do you think? >> we will know when our film is over. the characters will lead us to what we hope will be a very clear and truthful answer but at the moment is uncertain and we will let the characters decide. charlie: i guess i have to get this out of the way.
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ackman, none of the players have provided any financing for the documentary be at melissa: who is funding the documentary? >> nobody financing the film has a mistake in herbalife or the outcome. they are long on the film, short on the stock. >charlie: i have been covering the herbalife saga for a long time, it is an interesting story for a certain very small class of investors. they would love to kill each other in duels. why would somebody want to hear about a shake maker? >> this is a story that looks at the value of money, opportunity and the american dream on all sides. herbalife offers in addition to the nutritional supplements a chance for people change their lives and realize some of their business dreams. bill ackman has himself realized
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an american dream through more traditional route. those conflicting visions make for a great documentary film. melissa: what is one thing that you on earth that is new? >> the one thing that is surprised me more than anything else how deeply moral this issue has become for both sides. this is not people being right or wrong in the judgment of a company, it is a matter of people doing good or evil on both sides. charlie: were thinking they are doing good or evil. we have a lot of money on both sides. listen, we have had our differences, we patched things up, but i don't necessarily think anybody can consider him a white knight, he wants to make a lot of money. carl icahn is about as
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capitalist as they come, call them as he sees them. melissa: is he a part of it? >> at the moment i don't have any plan to include carl in the film. >> how could you not? melissa: how could you not include carl? >> as i said, i'm interested in how this story affects ordinary americans as well as the people slugging it out in the boardrooms and wall street. we will see, we may decide if we want to focus on that side of it, but the real interest is the breath of american life that gets touched on by this battle, not simply the wall street side. melissa: thank you for coming on. thank you. money can't buy you love but apparently it can put a price tag on happiness. why the going rate for bliss is a lot less than you might think. i thought it was all about
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♪ ♪ melissa: when it comes to money buying happiness, we're a cheaper bunch than we thought. a new survey finds nearly half of people would be happy with less than $75,000 in the bank. jeff and joe are back with me now. what do you think about this one? more than half say $100,000 is all they'd need to be happy. >> it just goes to show it's not always about -- it is for this show, but it's not about the money for some of these people, it's about being comfortable and not having to worry about trying to maintain wealth -- melissa: i think it's about a glass of wine, maybe a little chocolate. what more do you need, jo? >> exactly. i think there is an aspirational lifestyle, but to me, when i think about wealth, if you can
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choose your paycheck, it's east a modest amount or -- either a modest amount, or you go all out. melissa: very honest of you. thanks to all of you. i hope you're making money today. "countdown" starts right now. liz: today your money is moving on worldwide econo-data. the european central bank making history, cutting a key interest rate. the overall u.s. jobs market seems to be strengthening despite today's increasing jobless claim. we have full market coverage ahead of tomorrow's big may jobs report. >> what they found in this situation was a pattern of incompetence and neglect. >> gm's ceo mary barra says there was no coffer-up in gm's recall crisis and that the automaker has to make accountability and safety central to everything it does. but then offends victims by sa
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