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tv   MONEY With Melissa Francis  FOX Business  June 19, 2014 2:00pm-3:01pm EDT

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an armed force on behalf of the shia and framed in that fashion, then it probably worsens the situation, and government formation is constructive over the long term. i think just as iraq's leaders have to make decisions, iran heard from us. and the steps that might encourage the sectarian split that might lead to civil war. the one thing that has to be emphasized, they have deep differences with iran across able host of issues.
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what happened in syria is the result of iran coming in hot and heavy on one side. iran should consider the fact that if it is view -- if its view of the region is solely through sectarian frames, and fighting in a whole lot of places, that is not good for the iranian economy or the iranian people. iraq in chaos on their borders is not in error interests. bottles haven't die-hard and we had to see whether they can -- more promising path over the next several days.
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melissa: that was the president's on the situation in iraq. secretary of state john kerry, the president repeating u.s. troops will not be fighting their. they will not be involved in combat. simon constable from the wall street journal and can not honey along with our very un charlie gasparino. let me get your quick reaction. >> my reaction is intriguing to vietnam by sending military advisers first and it cracked up when we got creep of mission? that is the danger. anytime you get mission creep. melissa: we are looking at the market seeing how it is reacting, we are down 25 points. >> what struck out is gold up $40 an ounce. markets are pretty much, this is not news to them, they see what is happening and at the moment oil is contained, it hasn't spiked here and we are watching it closely, markets will tell you this is a big problem.
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everybody -- melissa: they said they are not targeting oil installation, it is all fine, then they take over the refinery, isis, it is clear when you talk to various analysts the first thing they do is target each other's military installation, oil installation. that has to be a worry. >> the white house squirms in the north where refineries are, that could lead to supply/demand problems and an oil spike but not here yet. >> it is apples and oranges. vietnam was we were worried about a domino effect, we weren't in vietnam, we didn't go, we can come back again, we ritter and stayed there and we were mired down. with happened in iraq is we were very successful. when our troops are there that place was much more stable environment and i think the market is saying this is essentially good. u.s. forces are the best forces in the world, they are going to
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be there to help the iraqis protect the oil fields and the bottom line is this, you can say what you want about the domino theory and communism spreading throughout the world, you have a radical state that could be established in one of the most vital parts of the world. vietnam isn't the most vital part of the world. that doesn't control all the oil. this part of the world does. it a stretch from syria to perak that threatens global oil supply that is accused economic problem. >> it is if you'd economic problem. we have to solve it. we are looking at two different benchmarks. people look at west texas intermediate -- melissa: looking at brent right now. >> brent is up and that is what we price of gasoline in the northeast of the u.s. the rest of the country uses west texas. in some ways a surplus of oil hit in the u.s. a lot of
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stockpiles here, i don't know if it impacts as directly. it will have a knock on affect. >> the problem is we have restrictive environmental policies which prevents us from drilling this will eventually have an impact. the price of oil will change dramatically. if they took over one of those oil wells in the south. melissa: we had an opportunity to change things between the last crisis in iraq, build the keystone pipeline and fracking and made all kinds of progress, we could be more energy independence, and we have relaxed. >> alternate energy resources -- melissa: i don't know about that. >> canada could open more supply. >> there are two the issues, the immediate concern about oil and
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the notion of terrorism. if there is something in that part of the world that will impact the markets, because it is going to hurt our economy. terrorist training ground. melissa: charlie has breaking news, goldman sachs staffing cuts at goldman sachs. >> particularly in trading, what sources tell fox business is goldman is weighing some formal announcement on how much weather, what they are going to do in terms of their trading staff and in terms of cuts and they are making that announcement during third quarter earnings. we were the first report that there's a debate inside goldman, large cuts, larger than usual, goldman slices 10% of its, quote, weakest performers, this goes beyond that, buying larger cuts in trading range particularly fixed income. we should point out lloyd blankfein, the ceo is hesitant to make the cuts, he does not know whether it is a cyclical
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downturn or coming back. melissa: one of the sentences he wrote that caught my attention is sharp reduction and panic inside goldman sachs. >> talked to the typical goldman sachs trader they are freaked out, they are sitting on their rear end, there's not a lot of volume and it is unclear whether this is cyclical for a permanent change because of dodd-frank. they are planning, they are really waiting this announcement in the third quarter and i think they are not showing their hands yet. i think the larger cuts -- >> also a message, the rest of the employees, we are going to deal with the bonus probe because it all comes down to bonus pool. if there's not enough money to feed everybody's now you have to cut some people. we are going to cut here. >> not a permanent decline in investment banking revenues. this is a seat change on wall street. melissa: we have more to get to. blackberry back from the dead,
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wall street expectations. what do you think of this? revenue fell. they did it all through cutting costs. >> consumers are going to happen, android and samsung, don't think they will catch the market, maybe with the business side but hard to take a turnaround situation, any time you pick a turnaround situation doesn't work so at this point i would rather be on the sideline watching it and seeing if it is an aberration of a decent quarter and make a trend out of it. melissa: along the tech winds a sure sign of the apocalypse the so-called facebook crashes, social media users were distraught for more than 20 minutes when facebook was a back up and running. we were all sleeping. you were doing backlog. you weren't on facebook obviously. >> i was up by 5:30. >> doing 10:00 to 2:00 p.m..
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cheryl: there were a lot of tweets, a lot of people were worked up about it. it is alive when it came back up. >> people should get a life. they should just get a life. the funny thing -- melissa: did you hear about this? the new apps that raked in $1 million in funding, basically what it does is send the message yo. apparently it is worth $1 million. >> i don't get it. i am an old guy but i don't get this. melissa: it is a single character, there is more to this than meets the eye. basically it is sending a message. >> yoda adrian. melissa: un message with no content other than the fact that it exists. we are all making fun of it.
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i don't know. >> it is amazing. it can go viral. it is kind of -- melissa: it is stupid. that is when you're trying not to say. maybe unless there's something to it, we are not programmers. we have got to go. ron paul was watching yesterday's that decision closely and is giving us his take on that an events in iraq plus great balls of fire, or are they? who exactly will buy amazon's new offering? with a new iphone a few months away, it is the same price. speaking of amazon and the one thing people aren't talking about, how does doubling down on goats, i kid you not. for more money coming up.
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melissa: is amazon's world and we are just living in it. there unveiling the new fire phone but some say the features prevent users from becoming amazon customers. real people take the bait. jerrod levy of profitabletrading.com. let me start with you. this firefly technology alerts users to identify movies, songs, products, e-mail addresses. how does it work? >> it scans whatever you are seeing, scan the item itself and compare that to an inventory and the inventory is broad so it will bring up wikipedia coverage on the item in some instances but for the most part it is to connect you to something, a piece of equipment, watch the movie listen to a song, and increasingly with same-day delivery, you go home.
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melissa: i really don't need to that. the only thing that sounds worse is getting more even faster but for shareholders it is fabulous. are you excited about this? >> it is a total win and people are reading this completely wrong. apple for instance need cellphones to make money. that is the core of their business so amazon is like here is the deal. we are giving you this phone for $99 for a real membership. somebody pays $99, at&t is throwing in big stuff so the phone costs nothing for amazon making a little money. and buying stuff on private is a win/win. giving free pieces of hardware to go and shop. melissa: i understand why it makes sense for amazon but for consumers the only problem when you sell a device that hooks you into an ecosystem in doesn't
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always go over that out well with consumers. people like the coolest, greatest, hippest phone, that is a great phone. do they get over the hump with everyone? with a device that still isn't an iphone? what do you think? >> remember when the iphone first launch it really suck. compared to the way phones are now, it really wasn't very good. people were rejecting the screen phones at the time, product the iphone was based on wasn't selling well at all any place. was the services apple connected it to that made the device work and connected to music, itunes, movies, videos and games and apps. it was the back end of the device that carried the device. it was attractive but for the most part it was the back end and amazon has a back end that rivals apple, better with music, and this entire shopping experience and for those people that are avid shoppers that is the one thing apple doesn't provide as i do.
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melissa: 3d looks pretty cool. now to the amazon story no one is talking about. the online giants is gobbling down on go to japan. following a successful trial last summer, furry friends are being hired to mow the company's lawn. the herd now 40 large, gray is amazon's green pastures freely roaming the distribution center grounds, probably -- eating grass into their little goat hearts are content. rob, pure genius, what do you think? >> they're getting good milk and i am trying to tie it back to profitability. >> are you big fan of goats and. they are green. >> it is nice he are.
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and intraday highs, let's go to nicole petallides on the stock exchange. nicole: there is some grazing going on. and bnp are all lower at the moment, the dow jones industrial average down 16 points. we saw some records said today, we watched the s&p 500 hitting new intraday records, the nasdaq has been hovering around 14 highs. and that is why we have been watching. the vix to the upside, gold is stealing the show, $41 right now. melissa: coming up, don't fear the dentist. the new innovations that will make your jaw drop. i have no words, you have got to look at this. i cannot get over this video. look at that. what are those things running there? you can never have too much money or too many ducks?
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melissa: dread going to the dentist? doesn't? new technologies taking away the fear and the pain. no more drills. a dentist with vfw family dentistry, amazing innovations here. i want to start with one of the first ones, regenerating teeth to fight cavities, your teeth basically regenerate themselves. >> the body has its own natural process of healing small
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cavities. there are researchers out of london that have been using electrical impulses to accelerate the amount of feeling the body can do on these small cavities. we are a couple years away from seeing that to the mainstream, and what is happening with technology, and our ability to tap into that healing process. melissa: the next idea, someone with high anxiety and fear about going to the dentist, what is oral sedation dentistry? >> truly amazing for some patients, they're scared of going to the dentist, scared of needles, scared of the dental drills, some of us even and not medical phobia. with oral sedation we can take a small kill and go to the dentist, have all of the dental work done in one visit and don't remember, we don't feel any pain or discomfort, just come out of
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it feeling good and getting everything done. melissa: i have a lot of questions about that. are you awake or asleep? can you drive the car to the dentist's? >> you are not technically asleep so you can respond to the dentist's talking to you and you cannot drive after words so patients coming to our practice for example lance take the pill and have a driver with them and we get everything done, they are responding but when they get home and come out of the sedation they don't remember any discomfort. melissa: are they scared when you're doing it but don't remember being scared? is it that you lose your memory? >> that is not quite -- they are deeply relaxed is the best way to put it. melissa: another tool is he'llozone which takes away drilling of any kind even if it is cavities, clean out for a root canal? >> that is not completely
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correct but does eliminate some of the need for aid for. some parts, for example in europe or canada right now dentists are using ozone. in a small cavity ozone can kill the bacteria and using a series of supplements, fluorides and mouthwashes the body can heal itself if that capri was a smaller cavity. by no means can we regenerate a 2's from it. melissa: what about digital x-rays? people are excited because it means less radiation. that is becoming big? >> that is huge. digital x-rays have 90% less radiation than the old x-rays you might remember from when we were younger. digital x-rays, i can zoom into images, change the contrast, find problems when they are
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really small as opposed to holding this little film up to the light and trying to see an issue and with electronic medical records we can share x-rays easily. melissa: very cool, making it much easier to go to the dentist. everyone loves that. thank you so much. from the u.s. every corner of the globe money is flying, starting in china where 3d mural is not only blowing minds the setting records, one of the country's most famous artists has painted the longest three dimensional paintings on the planet covering nearly 30,000 square feet. that is amazing, he and his team spent 20 days on it from don to does. it already set two new guinness records. very tricky. over to brazil where world cup hit a whole new level and fans stormed into a media center and whole walls started to collapse. hundreds of ticketless people barged their way into the
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stadium in an effort to find seats, knocking down everything in their path. some journalists had to duck for cover as partitions fell around around them as -- look at that, really crazy. japan, where one man has outdone all other humans by traveling on the most airlines ever. this guy, a plane lover charlie wi are calling him, has used the one 56 different airlines to travel to more than 100 countries. he loves trying to all the different kinds of plain food obviously as well as casually observing differences in crew uniforms. food prices are at all-time highs that janet yellen, ron paul is here with me next. rob ford is about to light up the stage. musical about a crack smoking mayor in the works. seriously. piles of money coming up.
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my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines.
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tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. melissa: talk about a pain in the? get it? there's a new bipartisan effort to raise the federal gas tax which hasn't been hiking more than 20 years to read it here now is charlie gasparino three so, senator corker is one of the people behind this. he's from tennessee. it is now nissan's new headquarters where they move production for electric calls. 7000 workers, annual payroll of $240 million. you may be wondering why would we have a republican behind hiking the gas tax by 12 cents?
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in my being fair? unfair? what you think? >> you have to pay for these electric cars with our taxpayer money. they get wet, $7500 credit every time you buy one? if you want this proposal is to bailout the federal highway trust fund. if you want to do that just give the money to the states and let them spend the money more efficiently. this proposal won't go anywhere. >> every time i speak up against taxes i get shouted down-- gas taxes i get shouted down by my colleague who makes an interesting point. there's a federal highway system and people use it in different states, right? i drive from new york to missouri my alma mater. why should i pay into attacks-- melissa: senator corker will not because they are driving electric vehicles. you are only make you my point about why he would be
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behind this treaty was to tax everyone else . >> these are toy cars. melissa: let me tell you why you should be a against the gas tax. >> i drive from new york to florida and i go on a federal highway system, right? that means i'm using-- this is something to defray the costs of me driving on the federal highway. melissa: but we are punishing people for working. we are punishing people who are buying things-- >> it support what we are using. melissa: it's incredibly regressive to get working people trying to get to work and it taxes-- everyone pays 12 cents-- 12 cents mean something. >> we could get private financing in here and we could do congestive pricing and let the states to move the money they've-- >> do you really think private equity will bail this out?
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melissa: i think they would be happy to buy a highway they could put a toll on to read. >> i'm sure private equity would love that, but there are certain things i don't trust to private equity. melissa: what? who are you? you like the government doing roads better? >> do you want steve schwartzman running the fire department? melissa: police and defense is different. but come i think roads-- i think the feds are doing a terrible job of it robbing the highway fund. >> you want them-- melissa: no, highways. >> what was it a 100 billion-dollar equity? what happened to that?
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>> the president is incompetent. melissa: i think the point she is making is that we are saying this 12 cents will go to the roads. talk about a higher gas prices on folks are going hog wild for a cleaner way to get around. it has come-- harley davidson has created its first ever electric motorbike. it may well be on the usual market of bearded man. this hits set-- 60 miles an hour miles an hour and four seconds. i have no idea if that is good. everyone in the studio says yes. everyone says it's a much smoother and stylish ride than other electric bites and the battery life is good for about 60 miles. the harley crowd, still got it. some comparing it to a fighter jet. well, maybe it gets stronger over time, but is it the cool factor that kills it. do you want it electric
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carly? >> no, i think if these things work, one of the problems with the electric cars-- did you ever see the little parking lot in connecticut where he lived there is these parking lots or you can plug in your electric car to read no one is ever there. melissa: thank you. ron paul coming up, his take on the fed and president obama's plan in iraq. more money coming up.♪ we will be right back. that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪
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melissa: i melissa francis with your foxbusiness pre. t-mobile is offering people the chance use an iphone and a free one week trial. it is urging trial-- customers to cheat on their carrier and enjoy every second victory at a love it. those folks will pay no charges less about his broken are not return. this ship sinking. one, shares plunging today after profits drop more than 25% last quarter. coming with investors to bear with it as it starts to some items online. 312,000 workers filed for first-time jobless benefits last week, just slightly better than the 340,000 expected by economists. claims continue to drop this time my round 4000 people. that is the latest from the fox business network, giving you the power to prosser.
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melissa: bringing the noise, janet yellen describing the recent inflation data as being noise. the some for yourself. >> i think the data we are seen is noisy. i think it's important to remember that broadly speaking inflation is evolving in line with the
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committee's expectations. melissa: fed chair basically yelling on inflation. former texas congressman ron paul, what do you think? is in place and just noise? >> it's serious noise and there is a lot of shouting, all you have to do is talk to people who go to the store and buy groceries. prices are going up. who prices have gone up 7%. the cbi major the old way is going up over 6%. there's a lot of inflation, but i think they're missing the point because inflation comes when you increase the supply of money and artificially lower interest rates in a lot of bad things happen. there's a lot of inflation when you think of a balance sheet of less than 1 trillion, now over 4 trillion street they have increased the balance sheet by 500% the last four years. there is a blonde bubble out there. there's a stock bubble and also, i think, housing is not going to ever recover.
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the fed owns $1.6 trillion of the mortgages, so there is so much distortion out there, but janet says everything is okay. interest rates are fine. melissa: do you think she has the tools to deal with it? if they suddenly knowledge that things are taking off and it looks like inflation begins to run away, do you think she has the tools to do something about it without causing pretty big negative? >> either way it's going to be bad, but if you have nothing and you have runaway inflation and she does something than the house will come down on her because what did she say you can't raise interest rates, but the markets will finally decide this. it's when the market rejects the dollar and they reject buying treasury bills and interest rates will go up and this fiction will finally end. but, this whole idea of everyone buying these bonds, now they are-- she didn't talk about this, but they are talking about the fed
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imposing a fee to take money out of bonds. of course there's been rumors a long time, which-- that they might force us into buying bonds or not even be able to sell our treasury bills when we want to because there will be a rush for the exit. melissa: absolutely. i don't want to run out of time without asking you about the crisis in iraq. we heard about the president at the top of the hour. was say we are not sending troops to combat, but he will send john kerry. what do you think about that situation? >> no improvement, all the same stuff. we are sending troops in. we have special forces there. we have the cia there. we are going to send in 300 marines. the navy is coming into the persian gulf. we are threatening weaponry to read but, there's nothing new in there. all the policy he is talking about-- every thing about except boots on the ground, the policy he is talking about has been in place for
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11 years and it has created chaos in here now, we are in a position where we created a states of that that it to the iranians and now, we are saying maybe that iranians will make sure that baghdad is secure. it is a comedy if nothing else and it proves the point that this interference in its involvement in the integer in nations and getting involved with the civil wars and being the policeman of the world we can afford it. it does nothing for us. the president assured us his is national security. if he understood what was going on national security would be best served if we would just get out of that region because it's stirring a pop over there, which is the greatest threat to us. melissa: given everything that is going on right now, do you think your son has a chance at the presidency coming up? >> who has a chance? melissa: rand paul? >> i would guess so in a
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free society you are supposed to always have a chance and he is doing very well in the polls. i would say yes, he certainly does. melissa: congressman, thank you for joining us. let's bring in charley gasparino, wall street journal mary is with us as well. what you think? >> i like ron paul. he's an honest guy and speaks his mind. i don't believe in his isolation, though. i think to suggest that part of the world we can just like let go and not have influenced their when we know that the 911 attacks were planned from that part of the world, how can you forget about terrorism in a part of the world? if you leave it alone the jihadists will establish a base. they had it in afghanistan and they will do it in iraq. by the way, it's not just iraq, it's a rack in syria. melissa: merry, what did you think of the take on inflation? >> one note on a iraq verse, he has his facts wrong with respect through the policy
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is not been the same of the last 11 years. president bush gave them a country that was stable and solid and this president abandon it three in terms of inflation, you cannot have confidence in the feds-- anyidet abandon it three in terms of inflation, you cannot have confidence in the feds-- any fed will catch inflation because they never do, so regardless of what janet yellen says she will act if we see prices rising. there is no historical evidence of that has ever been-- melissa: how we laid the groundwork for real problems? >> we keep hearing a real problem. we create an unprecedented amount of money over the last five years since the financial crisis and still-- people still buy our debt. melissa: i don't know, the cpi right now-- we are going to go. thanks to both of you. markets holding in the red as we down to close. joining us now liz claman. what you have?
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liz: i am quickly checking something because as we look at the markets there is a stock that is widely held. it's a dow component. it's intel that we are going to focus on today. not only do they have 3% dividend they have something that is super cool that they've just come out with. is called pocket avatars apt to read melissa, i'm going to demonstrate live on the air and you can actually start sending immediate instant messages to your friends, family, coworkers as a george washington, president obama, a line, you name it. we have intel corporate vp. look at this. he should just be named the cool czar at intel. he his here in studio and we will demo it like no one else. and we have a bold debate, two bowls and what has the highest level on the s&p is a projection on the entire street. we are going to talk about why both expect a correction and why both still love stocks. melissa: list, we. now to something i just had to show you.
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forget the rising machines, what about the duck uprising happening right here right now. tie commuters watched in horror as more than a hundred thousand quacking ducks created a stampede down a country road. look at this. blocking traffic for miles. no one knows where they are roaming-- running from or two or what's going on. obviously it has caused them to hurry up together in a large group. hopefully it's not because if not kind of stuff of nightmares. look at this. are you listening as i'm reading this? thailand, these docs are stampeding. it could be duck dynasty. i mean, it's unbelievable. while. >> i'm here. melissa: sorry, jared to read what do you think of the docs? >> i think we now know why
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peking duck is so popular in some parts of the world three it you have to control those things, they are crazy. i would be scared out of my wits. melissa: it's incredible. jared, thank you. the latest fashion statement takes texting from your phone to your finger. next, the ring that fires off when users receive messages. coming up, you can never have too much money. ♪ ♪ (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust
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melissa: making money, toronto mayor is about to be immortalized in a musical called "the birth of ford nation" the auditions are well underway with look-alikes. they get about the plight of
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be the worlds most favorite crack smoking politician. he is currently finishing up rehab, but i am sure he will watch itself on broadway in no time. time for fun with spare change. the latest wearable technology is just about fashion as the personality. this is a bluetooth enabled cocktail ring linked to your smartphone that keeps wearers in the loop about whether they have to look at their phone. the ceo joins me now. this is very cool. you put the ring on-- >> it connects to your phone, your bluetooth and it will let you know when you are getting calls or text or e-mails . melissa: why is this better than just looking at your phone? >> women tend to keep their bone in their purses, so we miss important calls and text all the time. this lets you keep your technology away but still be notified. melissa: show us how it works. we pictured about the ring being lot lit up and more
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distracting, but it's more subtle. >> it's very discrete. there's a light that comes on the side and a subtle vibration to let you know what is going on. you can set different colors for different people, different applications, you can set it to insta graham. you can set it to e-mails to know when your boss e-mails you. melissa: there is a lot a technology inside, i have to say. it is $199. >> a hundred $95, but we are doing a promotional price on our website for $145. melissa: how me people have signed up to get? >> a time. we have been getting great feedback. we sold the first thousand that had a little diamond on the side and it's a lot less than 24 hours. melissa: thank you. how much sleep did you get last night? a surprising new survey is putting what you thought about shut i. you will never guess have hours americans clock in every night. treat me and tell me what you think.
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♪ ♪ 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.
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we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.
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melissa: the average american spends nearly nine hours a day in bed sleeping. according to the labor department. >> do you believe that? >> now. >> why not? >> i think that is pretty high especially with the fast pace of the world. >> it's more sleep than i get. >> i think everyone is more active. kind of working the clock both ends of the day and i think people get less. >> americans are too busy in their texting and they are looking at facebook. >> i would say that is too high street i would love to get it, though. melissa: back now, jared leedy. this is according to the bls and they say only nine minutes on telephone calls nine-hour sleeping, three hours plus doing work and
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almost three watching tv to read what you think? >> i spend no time watching tv outside office. melissa: i love tv watchers. >> i love tv watchers. i don't spend a lot of time other than it work. the thing is nine hours as aspirational and not actual. melissa: what do you think? >> i think there is two theories. number one yet tens of millions of people unemployed and have lost their mojo and given up and saying i'm going to rest. then you have another portion being worked to the ball with long days and instead going out and partying there going to bed. there watching tv and trying to get some sleep. >> can i-- come back to henry ford's comment on how me people work and he says about half of them. he did say a day, not a night. maybe those people are getting nine hours during the day as henry ford the
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plan. melissa: watching tv and doing work the same amount hours any given week still really crazy subperiod guys, thank you so much. that is all we have for now. i hope you're making money today. "countdown to the closing bell" starts right now. liz: four days and counting to read stocks or a fifth straight game. the dow and s&p are close to new records and the dow 70000, that's within reach again to read if iraq and slow down its market can anything else? we look for answers. hit maker intel unveiling a new avatar -based messaging system that could revolutionize how you talk to your friends and family. intel's device grew michael bell here with his new over the top messaging technology is 3d really the next must-have function for your smartphone?

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