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tv   MONEY With Melissa Francis  FOX Business  July 11, 2014 2:00pm-3:01pm EDT

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four-time mvp lebron james why he is going home. miami not the only place getting a cold shoulder. a brutal cold blast threatening a huge swath of the u.s. a polar vortex in july? can you believe it ?!. amazon refusing to back down. a new plan to convince the fed drone deliveries are safe. out with the fat and in with the skinny. new trend giving fast-food world something to chew on. even when they say it is not it is always about money! ♪ melissa: from the big three to the big me, lebron james will return to his hometown cleveland cavaliers. james explaining his decision in sports illustrated saying quote, when i left cleveland i was on a mission, speaking championships. my goal is to win as many title as possible no question, but what is most important for me
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bring one trophy back to northeast ohio. here to discuss, an all-star panel. "wall street journal's" veronica daguerre. scotty martin, united advisors live and in person! he is also fox news contributor. p.i.n. financials matt mccall. all-star time for friday. so excited to have you guys. what do you think of lebron? what do you think of scotty markets? >> i went to high school in cleveland. i called folks and they are pretty darn happy. 23 jerseys out. that is lebron james's numbers. oh would you, they burned them. there will be crazy spending. it is believe land in cleveland. johnny manziel and lebron james in the same city. it is not in the biggest city in ohio is. columbus is. this is great drama played out over last couple weeks when nba finish ad great final. melissa: the show is about money. is this a money move? >> i think it will be for cleveland. they couldn't do any worse than they were doing.
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this will help sales and ticket sales. i'm grateful this wasn't another, the decision. that was probably most painful media experience to watch ever. melissa: it was agonizing. what do you think? >> he it planning to do this for years. melissa: who doesn't want to go back to cleveland obviously. i can't wait. >> he wants to be in management and own a team like michael jordan did. he wants to follow in his footsteps and own your hometown team. >> jordan didn't have a great run as owner, remember bobcats issue. but as a player, the point matt is making, lebron wants to come in hey some of these players can come in and step into management and do a good job. melissa: all right. moving on, strange bedfellows uniting in the call for immigration reform. so this is sheldon adelson, warren buffett, and bill gates? together penning a joint "new york times" op-ed calling for an overhaul of the current system this is an issue that is not going abay. what do you think, veronica? >> it is not going away.
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americans know something needs to be done what but happens who knows. there is business there are things you can learn from. maybe these guys can go to washington and give washington folks a bit of a tutorial how to get a deal done. melissa: three of us vary in our politics. we would differ on preferences on the details but we hope facts hold a lesson. you doesn't have to agree on everything to agree to cooperate on matters you are close to agreement. i don't know. >> it's a mess. i don't care if you're a billionaire or on welfare we all know it's a mess. the problem, they didn't come up with a plan. what did they really say? they want the administration to do something. we all want the administration to do something. just do something. melissa: i don't want them to just do something. that is how we got, no arbitrary. >> i think to the point the big three are make here, reference the miami heat that is no longer, there isn't -- not miami. there are help businesses have for immigration and help to the
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economy. immigration does bring. telling you guys, other way we would pay a ton of money for dvd players. things are going you out there -- >> you're backing illegal immigration? >> we need to reform it and it helps the economy. melissa: people on towns near the border having influx and seeing drain on economy, the cost of people coming over the border do not agree with you at the moment. murrieta, california. we'll go there later. >> to your point, there is massive flood of immigrants, right or wrong. there is not a gateway -- >> nobody sitting on unemployment line who wants a low-paying job. a lot of americans have not taken jobs that were available. immigrants have. >> they will. benefits are running out. >> choose to believe it. melissa: carl icahn not feeling so bullish these days. the billionaire investor telling reuters, in my mind it is time to be cautious about the u.s. stock market. are you cautious yet. >> i'm not. icahn might be because he likes
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to pick off good companies. melissa: doesn't it feel like a bubble? >> p-e ratios out there in the mid-teens. most of the bubblicious periods we've had in stocks in previous years or previous periods have been 20. >> above 20. >> above 20, especially in tech. you're seeing reasonable valuations given fact earnings are growing. wells fargo, revenue beats. we may see revenue beats stronger second quarter. >> corporate profits at higher level we've ever seen. look at headlines don't want to be in the stock market. you're spiting yourself. they're making money. corporations are making money. government is a mess but corporations are making money. >> they're making money but he is reflecting what a lot of average americans are filing. they don't see rest of the economy making up with market. they're still unemployed and underemployed. melissa: they're making money and not raising wages. wages are stagnant and consumers are not spending money. how dong do we keep going, economy of people. go ahead. >> they don't have to pay higher
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wages. that is the what we talked about previous point. melissa: we keep seeing company after company -- >> that is big issue. 3:00 fourths of our economy is the consumer so if they're not spending. rent a center. that is business for lower-end people. the have-nots are not spending but -- melissa: amazon upping anteon the game of drones. asking the faa for expression exemption to test the prime air plate. you knew this was coming. jeff bezos don't go anywhere without a drone. i was at a dinner with him. he flew a drone over the crowd. he says you can't fly these things? forget it. i wants amazon exemption to allow r&d outdoors in the united states because it is in the public interest to let jeff bezos to do that. >> can't wait two days to get a book? >> no, i can't. >> this looks like -- melissa: i love it. >> sky filled with drones. this is disaster waiting to happen. >> nothing above us. kind of boring to look up.
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melissa: yes, thank you. >> everything looks the same. be cool to see drones buzzing over your head. melissa: i want a drone to bring a tube of toothpaste to my front door. this is my dream. why i'm a amazon prime customer. i want this guy to fly to my front door with toothpickses. >> kid lose stuffed toy. kids go nuts. drone at your house in 15 minutes. melissa: what could possibly go wrong with this? what could possibly go wrong. >> wrong people get control of drone. business opportunity is huge. they could become the drone-maker, the drone-flyer, everything. melissa: it is fantastic. reynolds american and lorillard on the brink of a merger poised to shake up the tobacco industry. reynolds confirming they are in talks to acquire their smaller rival. when you take a look at this market, i think we have a pie chart of it, look at altria, which basically has half the market. reynolds and lorillard get
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together, that's it. you have basically two companies out there. what do you guys think. >> two companies controlling most of the market in the u.s. this speaks to consolidation in the industry. in the developed world also. there is not as many smokers, at least for traditional cigarettes. these companies need to find a way to cut costs and invest in electronic cigarettes which is -- >> it is struggling. i own altria. done fairly well. philip morris international struggled much worse than that. big dividend payers. this will be good for industry. it will cut costs. for smokers, maybe cut costs for them. less smokers. that is the trouble. >> e-cigarettes thinking are savior. they are not. they're under attack. they have not a good press or pr position with regard to american folks. consolidation is needed. i don't know if it saves them. melissa: college buy to expensive new heights. 50 colleges are now are charging more than off thousand a year. that is up from nine schools last year. talk about going into debt, this
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is amazing. more than $60,000 a year. what do you think of this, veronica? >> that is crazy. what do you get more money? some of top schools like harvard, that may be worth it but other schools i never heard of. what kind of job will you get to support this debt? will you pay it off especially if english major. melissa: once again easy money fueling rise in price. when you see this many become up over 60,000 mark. what do you think, matt. >> i'm okay with it. if you can, it is your choice. i went to school that charged 1/4 of that. if you go there to attend and get a degree takes you 20 years to pay back, that is your choice. >> consumer debt is highest ever been so it will not be paid back. look at numbers. they are unsustainable. >> are you faulting school or student? >> i'm faulting both. >> how do you fault the school? >> english majors, liberal arts, that will not work. a lot of these schools don't
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have enough connection with business. sometimes don't prep the kids to work in real word. >> if they get 60 grand -- >> i took a bunch of econ classes. econ 101 was probably best class i took. a lot of it is impractical. you know from a lot of majors. the course work is not great. teachers are too protected. >> don't go there. >> it is everywhere. >> it is a huge debt overhang with no asset backing it up. when all the loans go bad this is really big problem. >> taxpayer on the hook. melissa: that is me again. you guys were fantastic! what a friday panel. so much energy. i love it. thank you. welcome to the burger battle. a new report names the best burger in the country. i have money to bet you never heard of it. plus retailers trying to bridge the gap as consumers fall further into a funk. more with the panel coming up. ♪ in new york state,
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if your denture moves, it can irritate your gums. try fixodent plus gum care. it helps stop denture movement and prevents gum irritation. fixodent. and forget it. melissa: going into the low rent district after softening second quarter expectations. let's go to nicole pet bet on
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floor of new york stock exchange. nicole, ugly chart. >> terrible, melissa. down 11.11% for renter a center. down $3.25. that is huge move for rent-a-center. some customers, they say they're concerned about macroeconomic pressures we're finding. they are cautious in their spending this is why they're giving this outlook that really, they're warning and hedging and with that you're seeing analysts downgrade the stock as well. so with some weak results and weak outlook, stock down 11%. melissa: nicole, thank you so much. growing concerns in the retail sector. gap the latest brick-and-mortar big shot to warn about struggling sales. consumers wary about reaching into their wallets. how can retailers shift shoppers back into the stores? veronica daguerre and scott martin back with us, and regular panelist on "making money with charles payne."
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i will let you go first. family dollar, walmart, lumber liquidators. we keep hearing one after another the consumer is not spending. >> i think the consumer is spending. i think it a matter where they're spending. we're talking about low traffic going into the stores. that is part of a problem. a lot of time want stores to have store traffic and spend people to spend within the stores and spend online as well. that's what we're seeing here. there is not, i hate to use this buzzword, there is no omni channel outlet for dollar store and a lot of these other retailerses, especially for -- melissa: some on high-end doing better. burberry group rising 10% yesterday. seems a dichotomy in the economy. stock market going up. high-end going up. everyone else is getting left behind. >> people on the high-end with plenty of money. melissa: yeah. >> exactly they have plenty of money. people on the low end, not so much so we're seeing more retailers --
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>> think about that, real estate in the medium to low end tends to that be person's biggest asset is appreciating and stablized. yet they are not more confident to take out the credit card. look at consume credit -- melissa: maybe they were underwater before. maybe they still are. >> where you're coming from is important. they feel better about the house, their biggest asset. consumer credit demand is choppy at best. spike ad about it last year. started to tail off. that is another strange sign for retail. >> you're talking about a bifurcation of market. that is another word means separation of very wealthy and people not doing as well. so the people aren't doing as well are not spending as much, people that are wealthy, that's why we're seeing crazy numbers out of burberry and high-end retailers. >> melissa, if that is the case, the high-end is doing so well, and they are, i agree, and that is a lot of spending in the economy, consumer discretionary stocks as a whole are not doing that great. it has been a really sloppy space. >> they have been doing well. doing the best they have --
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>> look at, last month, but if you look at xly, consumer discretionary etf. xrt, another etf with major retailers, not doing that great with the market. melissa: we'll leave it there. i don't think we'll solve anything but we tried. retailers don't want to hear, that the polar vortex is back. it is summer! you remember the temperatures plummeting last winter. fox's rings reichmuth is reporting from the weather center. pretty ricky, what do you have for us. >> if it is 70 you can shop and go outside. retailers will not have the thing where temperatures were minus 20 and minus 15 for people. maybe you will buy a hoodie or start fall shopping around areas of great lakes. look at temperatures tuesday in detroit. 69. chicago, 67. anyone map police, 64. -- minneapolis. it will be feel like football fall weather this coming week across the great lakes into the
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plains. when you have that cold air someplace, the hot air has to go somewhere else. it is really warm across the western part of the country baking again. that is not good news. the drought is out here. a big batch of cold air will move in central plains and dive down across places like oklahoma and panhandle of texas. a lot of areas 10 to 15 degrees below average. that is saying something in summer. you don't get that kind of cold air. arctic air spinning down in parts of the plains. next few days play out. you start beginning of that get in there. 62 in fargo. only 57 in the up of michigan on tuesday. that is our big cold day there. by wednesday into thursday the cold temperatures make their way toward parts of the deep south. pretty amazing to see the cold air here. not technically a polar vortex even though some blog took that up, melissa. melissa: i don't care, i'm using it. weather outside is gorgeous. doesn't matter. i'm calling it polar vortex. thank you, rick.
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>> 75 degrees in middle of summer? it is a break. melissa: i love it. thank you. >> you bet. melissa: a reward for the road. one contest is offering a talented hacker who can crack a tesla model s 10,000 bucks. the better of boy genius elon musk? we will see. fast casual turns fancy. taco bell is really thinking outside the bun, trimming the fat, rolling out a lean and mean new menu. will taco lovers take the bait? bulls -- bowls full of money coming up. ♪ stuart! stuart!
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stuart! stuart! ♪ check it out. this my account thing. we can tweet directly toa comcast expert for help. or we can select a time for them to call us back. the future, right? ♪ this doesn't do it for you? [ doorbell rings, dog barks ] oh, that's what blows your mind -- the advanced technology of a doorbell.. [ male announcer ] tweet an expert and schedule a callback from any device. introducing the xfinity my account app. melissa: live thin and prosper. taco bell taking a walk on the
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healthy side an unveiling a new high-end menu that is rich in protein and low in calories. here now are fox news contributor jonathan hoenig, from capitalist pig hedge fund. we have jennifer walsh, founder of pride and glory, and scott martin hasn't wandered away yet. he is still here. i think this is pretty amazing. taco bell is going out there and kind of copying chipolte trying to do sort of high-end fancy. and other guys with fat and calories in their name and they're getting hammered. crumbs, we know what happened to them, potbelly, crispy cream. is this a big trend? jennifer i let you go first. >> i don't know if it's a trend. people want to eat, and whether high protein or low protein. people love fatty food. i heard the crumbs announcement. people like fatty foods. >> even mcdonald's, that is the thing, when you're exactly right. i'm not so sure if this will work. this is taco bell! why go to taco bell? usually hung over in the
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morning, don't feel good. get empty calories before the softball game. you do, jonathan. you go through in the drive-through. that is my take. melissa: jonathan? >> think about about how all these companies must innovate. when mcdonald's started all you could get was basically a burger, fries and cook. now they have healthy options. they have to your point, melissa, wraps, smoothties, and salads. right now consumer trends are protein and perceived quality. melissa: if you try to get in chipolte lately, do you have one by your house? the line is out the door. people have the perception whether it is true or not, that it is healthier, that is lower calorie. still getting delicious food you want but feel less giletty. taco bell can't ignore that. they're watching other restaurants get their burger handed to them on fatty slabs of grease. it is not working. people don't want that anymore. jennifer, take a crack at night they want to keep on trend. they have to try something new. obviously things are not working
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for them. we'll see if this is hit. melissa: outlyer is cheesecake factory. their ticker for god's sake. is cake. that is fattening as you can go. they're still doing well. their stock was up 160 mers last five years. >> portions are ridiculous as well. you ever order one item you can split it between four people. that is another problem. melissa: yeah. >> it is all about specialization. i mean certain chains will appeal to maybe more young, hungry guys who want a monster thick burger but a chain like taco bell which wants a broad audience which is smart to copy chipolte has perceived value and freshness whether or not it is true they are run together bank. >> taco bell doesn't have. branding does not set up with the message. melissa: one more. applebee's serving up gossip sure to be the buzz on social media. the social media phenomenon as what is applebee's. the chain filing a trademark application for something called, no tech tuesday? are you kidding me?
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the company declined to comment on the filing. we are assuming that it means that the chain is going to try to curb the use of tech devices every tuesday? no word how this will impact the restaurant's plan to install tablets at every u.s. restaurant by the end of the year? what, what a risk? what a risk! no tick-tuesday. -- tech. what do you think, jonathan, goes over like a led balloon? >> i'm sorry, melissa, doing email on the phone here. melissa: no tech tuesday. yeah -- >> i don't think that will go over so well. melissa: jennifer what do you think? >> i think more from the parents, i'm not the bad guy. let's go to applebee. they make you get off your phone. >> parents can't do anyway. lose kids that come in the phones and parents. everybody is on them. melissa: to get my kid off the phone i have to invent a game at table. so much work. have your ipad back. that's right. thanks so much. some apple picking over in china. the chinese government claiming
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your iphone is a security threat? our panel is all over this one. plus marisa mayer may have found a bruising buddy in aol's kim armstrong. the only two people without gmail close down the bar in sun valley. we're drinking in the money next. ♪ ♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade.
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we're changing the way we do  business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov >> apple seeing red in china. the apple's 5 and is called the national security threat. apple makes up 80% of china's smart phone market. new coax's jim frischling is here. i will let you go first. what do you think of this.
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is this a big blow to apple? >> cc tv is influential and when they put out reports people react. samsung is dominating the market with 18% market share versus apple's 6%. it is not just apple but u.s. tech companies. ever since ed snowden denounce the nsa as getting its information from companies they have been under scrutiny. >> we took on the china five or generals we want to get our hands and that are not coming in this country for persecution and skying. there is going to be -- domination isn't there yet with regards to exposure. to call the i phone security thread is ridiculous. melissa: we will see if the chinese government does anything about this. are they going to take action? that is what i am looking for. melissa: a cool $10,000 will go to one lucky person who can act
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on model less. companies do this all the time to see how hacker proved their technology is but tesla isn't in on this one. they don't support it. >> they are not in on it. they need to expose their security and this is a good way to do it. and to fix something, they will get in somewhere else but elon musk is like jeff bezos, they come up with great ideas and great products and by the way 10 grand will get you 0.1% of the tesla. >> there have been no real accidents attributed to hacking of these cause some manufacturers are not going to put things in place to address an issue like this. they will need to be an issue where people getting hurt because of hackers for anyone to react to is cool but don't expect manufacturers to do anything in the security side. melissa: is valuable information
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because they are not doing anything about it now but one day they will need the information. melissa: marissa meyer and jim armstrong walked into a bar and reportedly shut it down. the two tech buddies were bombing over some boos late into the night. the the the only people left without gee mail addresses. the rumors of those companies merging together have been swirling for a while. we will see if at happens. if it does -- watching these reports and they are laughing and having a drink and trying to make everyone -- what a bunch of idiots. >> i am surprised aol is the round. they are under some fire. marissa meyer went on a crazy buying binge, they have a big stake in ali baba they can sell off and do more strategic mergers that these two are not a perfect set up. >> two struggling companies, google and face book by eating their lunch in terms of what
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users want and get in more advertising attention. >> all the good drinks. >> it is not a good set up. spielberg, the dinosaur killer. internet funny guy j. brandscum posted this picture of the director with the triceratops from jurassic park adding the caption disgraceful photo of disgraceful hundred next to track their tops -- triceratops, please share to shame this despicable man. it went downhill from there. facebook blew up. there were people who actually took this seriously, news flash, the triceratops has been gone for 66 million years. >> it looks so real in the picture. it is hilarious and scary that
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people don't know that. like kindergarten history. and i don't know. people who were in angry were also teasing. like jaws. identifying the vicious shark killer, is illegal for a. central to the ecosystem and waters are protect off the coast of california. if you have seen the identity please contact the authorities, people taking that one seriously, no? >> i thought tom hanks and stupid is is stupid does. and beating up justin bieber. and actable pictures. >> you think the president has enough to do on his plate right now? why is he brokering yet another deal thousands of miles away? at the end of the day it is all about good ideas. 3rd and 3.
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melissa: i am melissa frances with your fox business brief. oil prices heading lower hitting below 101 for the first time in two month. in the race all the gains from yesterday when it rose for the first time in two weeks,
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investors getting less worried about supply issues in spite of the events in the middle east. the situation pushed by the 10 month high. in the last month u.s. hotels on track to have their best year since 2000. occupancy levels are at their highest in 14 years climbing steadily each week, some say an economic recovery is spurring more travel as well as an increase in tourism from overseas. reports say we could be just weeks from ann ali baba ipo. the retail group is expected to launch its initial public offering as soon as late july but timing is dependent on market emissions. that is the latest in a fox business network giving you the power to prosper.
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melissa: president obama likening his recent remarks in d.c. to the martin scorsese flick of the departed. >> who are you? mark wallburg says i am the guy doing my job. you must be the other guy. sometimes i feel like saying to these guys i'm the guy doing my job, you must be the other guy. melissa: as the immigration fight in d.c. battles on, though wave of illegal immigrants continues to flood into our southern border states. will carr is live with the
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latest. >> we confirm what border patrol stopped flights coming from texas to california with emigrants. they say they have done that because the backlog has eased in texas and has nothing to do with the protests we have seen over the last weekend have, protests that put the city in the national spotlight. we have seen protesters get out into the street, physically stop buses that had immigrants, they turned around and left this community and there is one example of problems going on across the country. facilities are filled with children and families from central america. yesterday the administration said it is costing taxpayers up to $1,000 per bed. federal authorities gave a tour yesterday, and there were severe media restrictions, no reporting and journalists cannot, similar tour took place in mexico. a short time we heard from secretary j johnson.
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>> this facility which was opened as a detention facility on june 27th represents the proof that we intend to and will send people back. >> president obama is continuing to ask congress for money to help with this problem. and to go to the border, recently he decided not to do that when he went to texas. >> hopefully congress will move quickly, with a piece of legislation that will fund the border security properly. the president has the ability to get on the phone, told them to deploy those national guard troops. >> several catholic churches in the area took in some immigrants. we broke that story tuesday but
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we learned today, they already left, and back to you. melissa: thank you so much. the government says it is going to run out of money to deal with the immigration crisis. scott martin and jim frischling are back with us. and may see the scene, didn't like the objects of that. and fro more money at the problem. >> a total mess. the kids of the ones suffering, there is definitely -- they need money to pay for their bids and clothing and what have you been in the meantime it is a much larger issue. you got to be more strategic. >> that is the problem. the solution to a lot of these problems, we will keep throwing money at it. the president and members of congress are not even aware of
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what the total situation down there is so how could they know how to fix it if they are not on ground zero? melissa: will only cost $20 billion to send everyone back first class. it is about trying to come up with a plan. president obama offering to broker a deal between israel and hamas. we have this problem at home and he is looking at the fighting we seeing and saying i will go there and work on that. >> he has a much better chance of solving the immigration issue than he does trying to solve an issue between israel and hamas. if he can pull that one off. melissa: two impossible problems, the more impossible of the two. >> regrettable these are things they are used to and i won't expect the president will solve this any time soon or ever. >> he comes into that conflict and each side is like maybe he is on our side because israel knows he has not been a great friend of that country over the last six years so that is interesting intervention. there is no way he will come in
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-- melissa: we have a huge humanitarian crisis at home and he will work on their problem. they must look at him and say you have some problems back home. >> on the emigration from what is frustrating is the disconnect between what is going on south of the border and difficulties and owners legal processes of students and foreign workers we will not let them stay. we will put the money difficult tasks but make them leave after three months. melissa: the president no stranger to exercising his executive power especially when it comes to barbecue lines. folks at austin's franklin barbecue were left sizzling after president obama sauntered through the crowd up to the server. despite lengthy lines that regularly run up to four oil five hours though i have a hard time with that figure, he walked up to the front. i don't know if he is a man of the people, his casual that it needs a little work. goes to the front of this line, i don't know if you saw the
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picture where he is leaning way over, he has his hand in the lettuce -- you are really not supposed to do that, mr. president lead these photo ops -- >> there is a rumor he is the double dip chipper. the guy is the leader of the free world, he can do what you wants. i don't like to wait for my barbecue so if i did cut in the line i would. >> i like the fact that he pays for them. but still i don't know. we are having a fiscal crisis in this country so -- the whole entire -- president obama. go ahead. >> when that is a great photo op but we also talks about another photo op down by the border. i would let him buy me lunch. i did seal little issue. melissa: a katrina moment.
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this of this thing going on. heading into the last hour of trading cheryl casone is with us. let's check what she has coming. cheryl: if you want a barbeque go to houston, not boston. melissa: i will make note of that. cheryl: a lot coming up including markets, a nice turnaround for the markets and we will talk all little more about lebron james's big story. we will focus on the money as well. what does this mean for the city of cleveland? you will not believe who is coming up, jim gray, fox news contributor and the guy who got the story on lebron james in 2010. he is going to be here to give this a, brian james going cleveland to miami to cleveland. and also pass rich, professor of economics talking what this means for cleveland if they get an nba championship will this be good for the city? it would be but cleveland has the rnc coming up in 2016 with a big convention. rob macmillan joining me to talk
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about the market's's riles -- wild ride. oil steadily below 101 so we're looking at that as well. melissa: look forward to it. how big title to live up to, this burger right here has been deemed the best in the whole entire land. can you guess what it is? we didn't guess it? can you ever have too many delicious burgers?
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♪ whether on wall street and main street here is who is making money today. facebook after shares of
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little-known rival were halted because of suspicious activity. the things technology has been raising eyebrows in recent weeks after shares rocketed 24,000% before the fcc was quick to call time out to investigate. facebook is not complaining. shares are up 2%. 426 million shares, $650 million so far today. not bad for friday. making money, if you bought her a tv contract was little to listen to how much she's paid for talking. the former first daughter gets $75,000 for speaking engage and. must be nice. it is just as much as sarah palin or dick cheney. almost double what mitt romney get. chelsea is a big drop, i am sure she has a lot of valuable advice. making the wild new extreme. the company behind these wrapped
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around old tires and they are thrown to lions and tigers and bears. in a japanese zoo they bite and claw at the material and give a genes the ultimate distress look. shares a selling for over $1,000. those are way better. time for all little spare change. the best burger in the u.s. is this one. it is that have that burger girl taking top honors from consumer reports beating a big-name franchises, and five guys. had that burger's ceo joins me from l a. thank you so much for sending your delicious cheeseburgers to be set in new york for us to try. i am just teasing. can you hold one up and tell us what makes your burger so fantastic and better than shake chef? what makes it so great? >> i think we are obviously
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delighted and tumbled by the award. we have been in business a long time since 1969 and always taken pride in preparing every burger to order and doing it in a fashion in which. >> you have a secret sauce or special ingredient. what is it? >> >> people that make things happen. and great service. and development of hospitality. >> you were backed by private equity. >> my death row me would be a french fry it cheese and a shake. i love shake shack. why haven't i heard of had that burger? are you expanding across the
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country? >> we definitely are. we started in santa barbara in 1969 didn't open a second location, and it is where we accelerated its growth. >> i can't wait to try it. thanks, and congratulations. this is making me very hungry. we are just days from what will probably be one of the highest-rated television events later, the merchandise here is headed straight to the bargain bin. as america already fallen out of love with the world cup? can't be. the day it is all about barker. (vo) watching. waiting. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading.
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♪ melissa: so if you've of ever been shut out from scoring u.s. soccer apparel, you are just in luck.
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team usa merchandise is in stock and on sale. don't tell my kids, they're just happy to finally be sporting the red, white and blue. that is my son. we could not find this -- >> good looking kid there. >> usa loses, all of a sudden, boom, it's back this stock, it's marked down. >> wait, the u.s. is out? melissa: they are, i'm so sorry to tell you. >> you know what? maybe we should lose more often, because if that's how things get on sale -- melissa: fantastic. i mean, we love soccer, now we lost. this stuff, you know, littered in the streets ofqn+ó merchand, no one cares, it's all over. >> yeah, it's all over. we're not even watching anymore, we're not in it, so who cares? you can use that as pjs -- melissa: no, we're wearing it to soccer camp today. i was the last one to get on the bandwagon. everybody was jumping off the other side. >> they can't even give it away.
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melissa: we're buying it, and my son looks great. thanks, guy, you were wonderful. that's all we have. have a terrific weekend. "countdown" starts right now. ♪ ♪ >> high drama in the final be 60 minutes of trading. will major indices see their steepest declines in three m+fas or will investors look]5qp beyond today's lackluster earnings report from wells fargo? we game it out for you. and a sports stunner. not just in this weekend's world cup final between argentina and germany, but right here in the u.s. king james takes his one-manpower economy back to colleagueland. we'll bring you -- cleveland. we'll bring you his playbook. ♪ ♪ cheryl: and hello, everyone, i'm cheryl casone on this friday, and it is the last hour of trading, and while lebron james lit up the talk shows and blogosphere with the announcement he's returning to

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