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tv   MONEY With Melissa Francis  FOX Business  July 23, 2014 2:00pm-3:01pm EDT

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kind of world would you like to travel too? melissa: let me know how the movie is. just let me know. all right. yeah. against all odds, pepsico touting a blockbuster quarter even as the ceo take as huge swipe at the economy and publicly trashing a company with seemingly no repercussions. new questions on how short sellers make their case after bill ackman publicly eviscerates herbalife. the hard drive of lois lerner's emails not destroyed, just scratched. the irs commissioner is getting grilled on that one. they say if you make it here you can make it anywhere but they didn't say how much. the shocking number of millionaires in the big apple. even when they say it's not, it is always about money. melissa: pepsico raising its full year guidance after better than expected second quarter results.
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that didn't stop the ceo from taking a swipe at the economy quote, despite operating what continues to be a challenging and volatile macro environment, we are delivering consistent, strong results. should a warning from a consumer-driven company like this give investors reason to sit up and take notice? joining me senior correspondent charlie gasparino. fox business's tom sullivan and dan schaefer of schaefer asset management. tom, what do you think? >> i like pepsi. one of my all-time favorite stocks. revenues are up. profit margins are up. the income is up. melissa: yeah. >> there's -- melissa: but they're telling us that the economy is not up. >> i know. but they sell things and dan follows this better than i do, i mean you know you get into the consumer staple sort of thing, i think in some cases frito-lay may be a consumer staple. people buy that in good times or bad. they are just a well-managed company. melissa: dan what do you think? what does it tell us about the economy. >> i think she is giving as you warning shot across the bow.
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because they're international, so we have international and european markets are a lot slower than ours right now. there is this underlying concern about the quality of food, that people are beginning to wake up what the chemicals are in our foods. that could eventually cut -- the profits were not that great. melissa: ready to give up fritos? what do you think? you don't eat any fritos. >> i don't eat fritos in long time. melissa: i love fritos. >> corporate profits are pretty good, particularly recently, however one thing that concerns people like ceo of pepsi, people don't have a lot of disposable income these days. income is down. that is the whole thing. this is an economy that produces decent corporate earnings because we get efficiencies by people cutting but it doesn't produce good-paying jobs. that is essentially what she is saying. melissa: that is tough. tide could be turning for lois lerner. turns out missing mysterious emails might be recovered after all. according to forensic experts from the defense department say lerner's hard drive was only scratched you about the data may
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in fact be recoverable. this is big one. charlie, this means people were lying under oath. >> the whole thing was so preposterous from the beginning. as someone covered long time for a long time, i remember -- melissa: you can't get rid of stuff. >> eliot spitzer went after emails. sec he never did it after 2002. citigroup had a analyst, jack grubman and allegedly lost his emails. took spitzer 30 seconds to put it together, never lose emails. melissa: that was a long time. >> that was long time ago. they're here. >> this isn't 1990. we talk about 2011. they used windows xp which is out dadeed but not some archaic system. melissa: right. >> there is always a backup somewhere. they will find it. there will be trouble when they do find it. melissa: dan. >> the story keeps on changing but people said what they said trying to stick to their guns because of incrimination. we're both accountants in background. you can't hide this stuff. the stiff is out there.
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melissa: always lying that gets you, right? >> i just don't understand why they actually threw any cold water on potential of mails. among journalists they thought it was biggest laugh in the world of the because the you won't know that from the coverage because liberal email says there is no story. melissa: the reports from the u.s. banks operations were inaccurate and unreliable and bank willingly ignored the issues for years. these are, these are very strong charges, material errors, poor dating integrity. data integrity. what do you think about this one, charlie? >> stock came back. it is hard to tell. hard to tell whether they're on some sort of a witch-hunt or whether it is real. the market knows these banks, right? >> banking industry, the banking system, and you probably understand this too, the people, and i wrote about this, the people that are doing auditing, people that do back office operations are not getting paid enough and they're not of the quality and a lot of these things are slipping through the
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cracks and they're being found out one piece at a time. and this situation, i don't believe is just isolated to deutsche bank. >> they are hiring so many of these compliance people. >> it is not just the little guys. if you look at deutsche bank versus other banks, they have more credit derivatives by 100 types more than any other major bank. they are way up there on the risk chart, much, much more than the assets they have. i don't think there are problems for deutsche bank. >> why does the market say this is not a big deal? the market -- i cover the banking crisis. what is the credit default swaps? i know what to look at. the market is not saying that deutsche bank is about to implode, not even close. they may -- >> not imploding issue. it is issue how accurate are financial statements. they raised some stock -- >> they have accurate financial statements -- >> charlie, no one knew financial civil would implode in 2008. >> yet they did.
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>> 2007 was the top at that point. >> are you kidding me. listen, i remember covering this. the market was trading off credit default swaps of all the big banks were going through the roof because the market was saying there is a big issue. i don't think we're getting that here. we're getting technical violations. melissa: move on, senator ron wyden is fearing the worst saying as many as 25 companies are considering relocating outside of the u.s. in order to avoid heavy taxes. these are companies fleeing the country because they don't want to pay taxes. money goes, more taxes. money goes where it is treated best. jack lew wants to live foreign ownership thresholds from 20 to 50%. he will force them to stay here. will it work, dan. >> it is another bandaid. our tax system in this country is totally flawed and too many hoop loop hopes. the book is huge. the companies are -- they will find another way get out of paying taxes. we need money based on current
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deficit. this is serious issue. 20 billiondollars of revenue could leave the company. >> the companies following rules set for them by the pinheads in washington and pinheads are afraid of changing it. >> that is how the tax system always done. they change the rules. >> what are you talking about here, a man, jack lew, one big experience on wall street was, bob reuben's, you know, the guy that carried bob reuben's coffee to him at citigroup. this guy has no practical experience in the business world and telling companies what to do? almost absurdity point. melissa: don't call it a comeback. crocs efforts to revamp the dying brand leaving company out in the cold. they are closing as many as hundreds of its stores globally. i have seen those pink shoes. did you know that? >> i saw the pink pair. melissa: they're his. >> put my hand on the bible, i never worn crocs or flip-flops. melissa: i have flip-flops. i don't have crocs. you know, they had this big push
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on. this another one of these stocks. they go public and you sit there say to yourself, they have one odd product. i mean it is like the cupcakes. see somebody with one odd product. >> people liked them. melissa: not now. no. >> this brings you back to that point about the fact that retail is having a tough time out there. this is the kind of thing if you're hurting for money, let's get a good pair of shoes. skip on the crocs right now. melissa: they tried to go into young ballet flats. charlie loves those, pumps, open towed wedges. not working. this is without question my favorite story of the whole entire day. airbnb beware. one of the site's users rented out her condo for 30 days. the guest refused to leave afterwards. under california law he now has tenants rights. they have to go in and try to evict this person, which could take up to six months. the person that is in the condo, this is in palm springs,
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vacation spot, is also trying to, they want to submit their medical bills for the person's brother who is in the hospital because he got sick from drinking the tapwater in the condo. i mean this is renter's worst nightmare. >> i will not defend california's renting laws, tenant laws. melissa: airbnb. >> or new york state but airbnb has to operate within the law. if they're going to be, if they're going to be a sublessor i guess best way, they have -- >> i owned a lost rental properties in california. i can tell you something, landlord always loses, always in california. melissa: you have even less, when it comes to airbnb it is even scarier. >> this company might be the new crocs in this sense. once you start, once you start global law what they have to do, local law -- talking to people in the new york state attorney general's office, airbnb essentially violates new york state law. >> but they're running wonderful
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commercials, nice sweet lady in brooklyn brings somebody into their family. not for me. melissa: no. i don't know. it is really crazy. thanks, guys. bill act man failing to shake down herbalife. the stock see best day ever as the activist investor slams the quote, criminal enterprise. are legal consequences for ackman now to follow? plus freshen your clothes in ten minutes or less? i can't guaranty the washer will be free though. more "money" coming up. ♪ x÷÷÷÷÷÷÷÷÷÷÷÷
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melissa: general motors announcing six new safety recalls covering more than 700,000 recent model vehicles in the u.s. brand recalled include 20 -- 2011-2012 camaro and 2012 equinox. this brings total number of gm recalls this year alone, to 60, wow. failed to knock out herbalife, the nutrition company soaring to the best day ever
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after the bill ackman labeled the country a criminal enterprise. the stock falling a bit. can an activist investor call a business criminal without legal consequences? charlie gas is back with us along with attorney phillip siegel. he said it was a fraud. he said when heevidence it woul. none of that happened. charlie, what do you think. are they going to sue? >> i talked to desimone, the cfo, he came on yesterday, i asked him, would you sue? he said very low probability. one of the problems with suing, ackman has a lot of money. he will tie you up in court and gain publicity out of it. it will give him a perch to basically defend himself and wrap himself in the firstment say, listen, they are a criminal. that is my opinion based on this evidence. i'll tell you, i've seen people sue short sellers in the past. there was a guy who was sued by a lot of firms, early short seller. they all face them. i never hear them winning though. melissa: says, it is just like
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the fraudulent enron fake trading rooms. >> that is his opinion. melissa: criminal enterprise. phillip, you're an attorney. what do you think? >> two other reasons they probably won't sue. number one they don't want to give ackman discovery. ackman has lots of money. he says, fine i demand to see all internal discussions and documents. that is the worst possible thing. melissa: yeah. >> the other reason they don't want to sue, they can't show damages. the stock is up. what are the damages? >> the stock has gone up. melissa: up and down. >> ackman is down and they're up. >> he is down now. >> you would have a lot of trouble showing you're damaged. melissa: raises questions what you should do under this kind of attack. we asked that together yesterday. let's listen to that. cnbc lets bill ackman go on to trash your stock and grab ratings. at the same time you let them control the narrative. do you feel like that's a mistake and you should have been doing more? >> you know, when this started, we made the decision, that focusing on our performance, was
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the most important thing we could do. ackman could win and still be wrong. and now we're 18 months into this, we're getting a more organic drive from our member base, to respond more publicly. >> so you start doing that and will be a big piece, that means you guys will go toe-to-toe with him now? >> we'll not run away from anything he said. melissa: may not run away but lets him control the narrative, right, charlie. >> i do know, carl icahn, big investor took long position as opposed ackman short, carl wants them to fight more. melissa: yeah. >> getting back to the other point about the suing. you can answer this better than me, seems to me once you're shrouded in opinion, once you claim it is opinion, it takes a down two notches, doesn't it? would you say that? >> certainly from a first amendment point of view, if you really believe this, and there is no malice and you're not saying it, knowing that it is false. >> yeah. >> you're well-protected. if you flip it around, if you think that some --
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melissa: he has financial gain from driving stock lower by making accusations. >> but that is the flipside. >> but he believes, he is putting his money where his mouth is. i'm saying the liable case -- libel case. one analyst, you will shut them up driving crazy, ackman is personally worth a billion. he can pay for this. melissa: we've got to go. thanks, guys. puma biotech major mover on wall street. let's go to nicole petallides on floor of new york stock exchange with more on that one. nicole. >> look at puma biotech, this is a name, someone messaged overnight, don't get caught off-guard on this one and kept going. puma biotech develop ad drug to fight breast cancer after treatment. this had significant success. upside potential is enormous. so much so it really surprised wall street. this stock is up 292%.
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up $172, no one could have anticipated this move. it shocked wall street with its positive data. so after people were treated for breast cancer they had incredible success rate keeping patients risk-free or cancer-free i should say. i they will try to launch the drug in 2015. back to you. melissa: incredible. nicole, thank you so much. facebook sure has come a long way. wall street giving it a big thumb's up as biggest performer but dot numbers live up to the hype? we're about to find out. the skies are changing. new anxiety over global hot spots could change the way we fly forever. more "money" coming up. ♪ music
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the renewedded restriction comes house after secretary of state john kerry arrived in tel aviv via military aircraft, to push for a cease-fire. fox news's conor powell is live in gaza city with the latest. conor, what can you tell us about the current situation? >> melissa, both sides here make competing claims about the others treat civilians during the fighting. two incidents really highlight the come beating claims. the first one we saw at a hospital, a rehabilitation center that the israelis claim is used as a command-and-control center by amass and hamas stores rockets there. after warning doctors there to remove patients, israel bombed that facility. proof the israelis say that they are, really protecting civilians there. now, the other side, we saw, separate incident today, where, an israeli airstrike hit an islamic cultural center and mosque without really any warning.
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you can still hear, we're hearing airstrikes right now. that airstrike earlier today killed one person. there was no warning, no notice. both sides making competing claims how they protect civilians, how they use civilians in the war zone. something that secretary of state john kerry who arrived in israel today is having to work through in addition to try to negotiate this peace, this peace agreement, this cease-fire. he says there is progress today that has been made but a lot more needs to be done. >> in an effort to try to not only have the cease-fire, but build a process that can create a sustainable way forward, for everybody. >> and secretary kerry is of course in the region. he is meeting with lots of leaders here in the region but so far no cease-fire and still heavy shelling and fighting going on here in gaza. melissa: conor, be careful. thank you so much.
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conflicts from gaza to ukraine bringing threats to commercial flights into sharp focus. reports emerging that malaysia flight 17 could have avoided hostile airspace for an additional $66 a passenger but chose to take the cheaper route. as you can see, airliners steering clear of that area now, leading to us wonder how global hot spots will affect the future of air safety? with me ceo and president of xenofhone strategies and tom sullivan is back with us as well. david, let me start with you, because that immediately was the question, why was malaysian aircraft over this area? what would it cost to go around? it was estimated between 15 to $18,000, roughly $66 a passenger. how does this change things to know that? >> the malaysian air was not the only airliner that was there that day on that particular highway in the sky, there are 290 aircraft that went through it on the 17th of july.
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airlines pick the most efficient route and they rely on an international system of warnings, about where to fly and -- melissa: there were a lot of airlines that weren't going through the area. it was a conscious decision. airlines out of the u.s. were not going through that area. tom, what do you think about this? does it change the cost analysis? >> i, look it, i think the other guest is exactly right. this is a situation where there's highways in the sky. you follow them. there were plenty of other airlines that were there. yes, some may have gone around. yes, the faa, u.s. airlines, we don't want you going over there but it was something that was inconceivable to just about anybody that a airliner would be picked as a target and shot at at 33,000 feet. are they going around it now? you bet they are. that map we showed you is graphics from the flights today. they are definitely going around the border, but that wasn't
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something that, malaysia was not the only plane to fly that route. melissa: david, how long does that last? does it change the financial equation going forward? we talk about money because the show is called "money." >> sure. melissa: does it change the way you make the decision now that this happened? >> airlines are always looking for the most efficient route to use minimum amount of fuel possible. a triple seven for example, goes through about -- melissa: does that change, david. we covered that ground. does this change that? i mean do they weigh that money differently? >> airlines are going to continue to rely on the international system of warnings that come from the international civil aviation organization and through their own government and regulatory bodies. melissa: okay. >> of course they're not going to intentionally put a aircraft and their passenger in harm's way but they're also not not business of assessing security. those warnings have to come from the governments -- >> if it comes from what is called their dispatch center. the dispatch center tells the
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pilots, here is your flight plan. we laid it out because of a lot of different things. weather, you name it but now they have added in to answer your question, melissa, they added in because of a route change they added in -- melissa: reaction to what is going on in tel aviv. the faa lay as ban down and you can't fly in there, then you see outrage. new york mayor michael bloomberg makes a point. flying in. it is unfair to the city. this is safe. that is the flip side of the coin. tom, what do you think of that. >> i wouldn't fly in there. i think mayor bloomberg is out of line. this is crazy, i don't like something the president does and people call you a racist. this is saying i don't want to fly in to tel aviv because there are missiles flying all over the place. therefore you're pro-hamas. that crazy talk. this is simply nobody wants to take liability when you have rock randomly flying around the city. melissa: we'll leave it there. gentlemen, thanks to both of you. >> thank you. melissa: sweet and sour for apple. sales of iphone are soaring as
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the company prepares for release of the iphone 6 but the ipad isn't quite pulling its weight. amazon fire underfire. the internet giant smarting from not so stellar reviews of its first smart phone. "piles of money" coming up. ♪ [ male announcer ] hands were made for playing. legs, for crossing.
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melissa: wall street giving facebook a thumbs up ahead of today's earnings report, shares on a rise continuing a spike that has made it the s&p's best performer over the past year. consumers finding facebook and not quite so likable. jo lin kent, fortune's senior editor at large adam lashinsky a and jonathaon hoenig.
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would you expect from this today? >> facebook is firing on all cylinders in business and its relationship with wall street. facebook got off to a rocky start after its ipo. for a variety of reasons. they missed the mobile transition from desktop to mobile. mobile is working extremely well for them, the single biggest revenue generator. i am looking for more. melissa: what do you think of this idea that they are the most jaded socia america, scored the lowest in american consumer satisfaction index among social media companies, lower than twitter, google plus, everybody likes -- what do you think of that? >> people like to bitch. if they like -- >> can you say that on television. melissa: you can say anything you want on cable. >> if people hate face book so much, how does that explain the
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billions, the 1 billion active customers they have and no one filed these technology stocks and technology companies better that m. whether it is mobile or video ads facebook has improved its innovative since the idea where the stock has done so well. melissa: the tech community turning to stamp of amazon's fire, the risk not thrilled with the smart phone including walt mossburg. i consider the amazon fire phone no more than an interesting first that in my test. a big new features less useful than expected and sometimes frustrated. jo lin kent, what do you think? >> i looked at it, we had it today. it does look like a prototype, not quite there yet in terms of these features and if you look at the 3d feature the dynamic perspective doesn't actually accomplish anything, firefly, take a picture and buy something, very inconsistent.
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melissa: the point is to get you to buy stuff. if no one likes and they don't get it you won't be using it to buy amazon stuff. >> that is what it is, a shopping device. the key word in walt mossburg's clip was first steps. there is a small probability it dies an ugly death but there's a larger possibility given amazon's resources that this is their first-generation to come out with the sec and narration that is better to make a pricing attractive. they get enough volume to users's hands and accomplishing their goal which is to get people to buy things on amazon. melissa: the reviews are all scathing. no one has anything nice to say at all. is that bother you? >> same thing you said about the apple -- 25 years ago, this was apple's, remember that? it was the basis of this hold portable and hand held
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revolution, and they are reinventing the foam, and it should be applauded. melissa: they are counting on an unlikely ally out of the doldrums, sales of the tabloids down 8%, but a partnership with ibm can boost the lackluster numbers. ibm to the rescue? what do you think? >> this is something you need, a convenient partnership that convenient time. basically the only thing that can pull apple out and back into the front of the innovations base, so many competitors out there. melissa: they're trashing the ipad. everyone in my house has an ipad. it is a hand me down, one that was almost ready -- we all use them every day. is an albatross around avalanche neck? >> every dog has its day
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especially in ans portfolio. the ipad is lasting longer than people thought it would last. key really amazing story at apple in the recent earnings report is macintosh sales are doing better than i've had sales. that is really old dog and that is impressive. to your corporate point steve jobs hated selling to big businesses because he had gotten burned on that in earlier generations. this is a huge opportunity for apple whether it is through ibm or on your own. melissa: apple's stock a big mover following the earnings report. james rally at the cme, a big bounce here. any room to go higher? >> there is room to go higher. move the pineapple on earnings is a lot rather than you might think. generally speaking expectations get inflated going into the release of the number and the stock does tend to sell-off not
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counting dated moves, six the last week earnings a sigh apple stocks head lower. the year earnings were good. a lot of expectations around demand for this new phone that should be released in september and this ibm investors passed and this ibm investors passed the sales ó
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>> melissa frances with your fox business brief, chrysler launched a recall of 800,000 older gee as you thes with problem the ignition switches. a similar problem which caused gm to recall millions of vehicles in the past year, bump from the driver at sneeze accidentally pushed these out of the on position. cosmetic and fragrance workers at a macy's store in massachusetts are big enough to unionize. that is the decision from the nlrb. some see this as a victory for organized labor. dick's sporting goods has fired all of the pga professionals employed in the gulf section of its storm. that consisted of 500 full-time workers. the company recently said it has seen a downward trend in golf merchandise sales. that is the latest from the fox business network giving you the
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power to prosper.
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in new york state, 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 melissa: start spreading the news if you want to be a millionaire in new york city your chances are actually pretty good. according to a new study by consulting firm wealth in sight one in every 25 new yorkers is a millionaire. dan shaffer is here with hillary kramer, you recognize him, he is
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back for this. you did not find this surprising because it includes the value of your home. in new york, a studio on the island is 1 million bucks, right? >> $1 million is not what it used to be. especially in new york. we talk about money as a store of value but keeping money in cash is not a store of value, you can blame government for that and people think there is no inflation, they are starting to see it in places where there's a lot of centralization of wealth like new yorkers see prices going up and the value of the dollar going down. melissa: 389,100 people in new york are millionaires. is that surprising? >> that makes sense. we are one of the financial capitals of the world, the biggest in the world and that is why you see the main place is there on millionaires, geneva, monaco, where the banks are, closer you are to the money, the richer you get. >> this is an expensive city to
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live in, you need money to live but we need a lot of major businesses in this city that generate millions, billions of dollars, you can expect people that are living in this area would receive this compensation. melissa: it is not all fun and games, millionaires are twice as likely to keep working in retirement than the rest of the population. that according to a new study by merrill lynch. they are addicted to money, addicted to working with just love to work? >> if you are a millionaire that is what you know how to do. it is really about the work ethic. the average age of a millionaire is 62 years old. only 1% of millionaires as of post 2008 only 1% are under 35 years old so that hard work, those of us to a millionaire's love to work hard, we love to go to work and we love being -- melissa: a lot of people this included where folks who own their own business. you keep working longer because it is your business, you have
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control of your hours and your time and do you employ and your responsibilities but you have a passion because it is your business. >> that is why they do it, how they become millionaires but to your point as that is why they do it. talk to steve jobs, really successful individuals or listen to their stories, they did it not because of the money but the passion of the work itself. we have a picture of wealthy people as being scrooge mcduck. melissa: maybe their neurotic and the know-how to relax and they need that money. maybe there's some evil worked in. >> if you love what you do you'll never work the day in your life. if you are part of a major corporations they tell you when it is time to stop working, being self-employed like jonathan and i are, this is something we enjoy doing, why think about retiring. melissa: we got to go, thanks. carrying us through the last hour of trading this claim and. what do you have coming up?
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liz: we have a decent rally going on, the dow jones industrials, we are waiting on facebook numbers "after the bell". this airline story where all the u.s. airlines are now banned by the faa a from flying over israeli airspace, two interesting voices in this that matter, the former head of security in tel aviv which is the airport that is in question. airlines like delta refusing to fly there right now along with a lot of other u.s. carriers. the f a a former director of security, director of security, and having him as well as the conversation, marion blakey, f a a administrator, what this does to the israeli economy, whether it is really required. my 16-year-old niece just flew back from israel, she was there
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and was a regular flight to fly back, everything was fine but you got to get both sides of the story. melissa: thank you for that. laundry will never be the same again. this machine will clean, a iron and deodorizer clothes without any water. how is that possible. what is the catch? you can never have too much money or too many clean clothes. ♪ when the world moves, futures move first. learn futures from experienced pros
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anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. melissa: with the ray is on wall street and main street here is who's making money, shares flying high after beating second
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quarter profit expectations. the airline crediting profit to boost in your passenger revenue reduced fuel expenses. stock is up 3% on the day. pretty good news for ceo richard anderson who owns 3 million shares which means he made $4.1 million, not bad. losing money, youtube sensation michele as ants, internet start with 7 million subscribers is being sued for copyright infringement accused 50 tracks without permission, the record label demanding she pain $150,000 for each song. helping make money, ebay, online shopping site will be auctioning off the holy grail of comics, the 1938 action comics no. 1 book will be up for auction for nine day starting next month. the vintage classic credited
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with introducing the world's to superman could fetch millions. look at that. time for able fun with spare change. doing the laundry is about to get more interesting with the launch of a new wonder machine. it is basically a cross between the dry cleaner and iron. items emerge with fresh and seemed and odor free in ten minutes. looks like you could fit into any room. too good to be true? we are joined by the director of new business creation at proctor and gamble. we were so excited and blown away by this, it is 54 inches tall and 74 inches wide. it needs more plumbing. how does it work? >> thanks for having me here. it works simply. you put the garment inside the device, you attach slight attention to get the fibers separate, it quickly sprays the juice on to the garment and it
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basically has that neutralizing product, it is superfast so it spreads 30 times faster than water which allows it to hydrate the fibers which are important to get the shape retention as well as wrinkle the product and allows it to dry in ten minutes and enable it to go fast. melissa: mack hot looks like you are using a pay cut to clean your clothes. i worry to me if you have an item that has a stain on it and you iron it you are setting that scene for life. does that happen with this? >> temperatures inside this device of much less, this device was not made to sustain. you can see the entire garment. we recommend they take it out, wash or dry clean it, we tested this with hundreds of consumers and have not had one complaint.
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melissa: is it really cleaning at or just covering up the odor? >> it is cleaning it. it neutralizes the voters so they are gone forever. it is not covering them up. the other thing is a big part of cleaning is having the garment what good. no wrinkles, a comes out and feels dry cleaned and has a lot of body to it. there are number savings, it is clean. melissa: it is coming to bloomingdale's in september, $500 and is really expensive. we might pitch in and get one. thank you for bringing that, appreciate it. toyota making it easier to shout with you want to yeller your unruly kids in the back seat or belt tunes from beyonce in the driver at sea for the entire car to enjoy toyota is making that possible. the latest version of the sea anemones and introduces driver easy street, a feature that allowed it disgruntled parents
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to reprimand their children from the front seat. the feature is an option in the 2015 sienna which is being revamped as a cooler minivan. trying desperately to break the dorky mommobile, the swagger wagon, what do you think of this one? i am three rose and i am yelling at the kid in the back but it is not that he can't hear me but is ignoring me. i don't know if having a microphone -- maybe a retractable hand? >> it will give you more authority. because it is not a microphone. melissa: do you say i don't have authority? >> i am not afraid of you. how could i be afraid of you? melissa: i think you should be. >> neighborhood kids in the car we put the microphone down and give a tour of the neighborhood and tell them what things are, a bus driver in the minivan.
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melissa: it is excellence. >> i don't think kids like to hear parents thing. melissa: you should be afraid of me. i want to tell you that. batman might have more in common with mr. freeze than he would like to admit and backing out over the beatles, george harrison tribute comes to the most appropriate possible end. at an end of the day is all about money. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable.
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melissa: holy smokes, a canadian iceberg looks just like batman. happens to be batman's 75th anniversary, what do you think? >> batman must have been looking for the global warming in that iceberg, melissa. [laughter] melissa: okay, also there is a tree from the beetles in los angeles that has been killed off by an infestation of this one. >> beetles are dangerous, but to steal a song title from the
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beatles, the tax man, i think, is even more dangerous in the long term. [laughter] melissa: absolutely. jonathan, thank you so much. countdown starts right now. ♪ ♪ liz: the s&p 500 hits a new intraday high again as earnings and global jitters both push and pull the markets' momentum this as two ukrainian military jets are shot down and global airlines avoid both ukraine and israel. how these hot spots are impacting everything from oil to airline stocks. facebook wants its one billion plus friends not just to blab to each other, but to buy stuff for each other. is that plan working and what you need to know as well ahead of facebook's earnings after the bell including the whisper number which, as we told you yesterday, was dead right on apple. and marvel's series continues, mining for royal gold shining brig

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