tv MONEY With Melissa Francis FOX Business August 7, 2014 2:00pm-3:01pm EDT
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ashley webster. that does it for today. thanks for joining us. melissa francis is here. "money" starts now. melissa: it sure does, thank you so much. no congress, no problem. president obama going it alone because that's what he says the american people want. on high alert for ebola. the cdc new warning as lawmakers cut short their summer break for a rare emergency hearing on capitol hill this hour. and returning to the nest because there is nowhere else to go. up-close look at struggling 20 something's trying to make it in this economy. paying bills any way you can. one restaurant's controversial new charge to offset a minimum wage hike. because even when they say it is not, it is always about money. melissa: our top story, president obama is defending the use of executive power. >> we're going to make sure that every time we take one of these
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steps that we are working within the confines of my executive power but i promise you the american people don't want me just standing around twiddling my thumbs waiting for congress to get something done. melissa: i don't know about that. bring in today's panel. fox business's own charlie gasparino. tom sullivan with us as well and marshall aurback from the institute of new economic thinking. what did you think about that, charlie? >> i think i hate the most about that he is dropping his gs. did you ever notice, sitting around wait inch? melissa: why does that bother you. >> bothers dan henninger, whenever he makes a point about use of executive power -- melissa: condescending to the public. >> wants to be a regular guy and it just sound condescending. melissa: what do you think? >> classic second term. he news he doesn't have to run for anything again. i think valerie jarrett is very
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much behind this thinking. and he has a very small, closed group that is telling him these things. so he, i think he believes that a lot of people want him to use his executive power. melissa: yeah. marshall, what do you think? >> i think people are upset with both parties. melissa: everybody. >> congress has even lower approval rating than president does. who is the tallest -- >> president bush used executive, used executive order much more than, on -- melissa: absolute basis. numerical basis. >> but problem he used it on so many fundamental issues. on obamacare. on issues that changed, essentially game-changers for the american people, that is where you get into this sort of debate whether overstepping his bound. melissa: what is deceptive about it, the senate is protecting him from making decisions. and he is acting like there waiting, wishing for someone to give him a decision to make but he does what he wants to do like a king. >> aren't you getting a little tired, same old it is
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republicans? it is republicans? they are stopping me. they don't want anything to happen. >> they are stopping him. >> really is -- melissa: watch out shows, if you watch shows on broadcast networks it is working. >> they are. melissa: watch "the view," that's what they say. >> that is the "view." melissa: that is a lot of woman at home during the day watching that who believe it. >> i don't know about that. >> they repeat it, yeah. >> if so, why are his approval ratings so low? >> congress is even lower. melissa: that's a great point. perfect segue while president obama is facing record low approval ratings as charlie mentioned, vladmir putin is soaring to all-time high of 87%. the russian president imposing a ban on all western food imports in retaliation for economic sanctions. he is warning that airlines might be next. this number comes from the lavana center, supposedly fiercely independent russian polling research organization. i wonder if they come to you with a gun in hand and say do you like what the president is doing? they say they're independent. >> i think this is completely
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accurate. i would urge everybody to read david remnik in the "new yorker" about putin. it is a fascinating piece. this is not revisitting of stall hundredist russia. this is going back in time, almost fascist. >> reverse of fear. they are proud of the fact that their leader is pro-mother russia. >> think about what they're doing. they're doing much of the same thing that many fascist states have done over the years. >> they do same thing doing in world war i too. >> staunch nationalism. anti-intellectualism and staunch anti-internationalism as well. it is a real scary situation in russia. melissa: yeah. >> and a revisiting of anti-semitism. all those three things are occurring in russia and it is all about creating a fierce nationalist society that putin is in charge of. you know he is promoting this. he is promoting it through the media. i would read his piece. it is so scary. >> well he's, this is the
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beginning of, we haven't seen a good old-fashioned trade war in decades and, this is the beginning of it. >> i think it is worse than that. >> we could easily win that except for chickens and chicken industry is going to get clobbered by the fact that they will not be able to export. second biggest export market for the chicken industry but only 7%. >> this is much bigger than an economic story. this is russia going back to very, very, going into very dangerous territory internationally and at home. it is scary. melissa: bank of america nearing a 16 or $17 billion record settlement with the justice department to resolve allegations of mortgage misconduct. i mean, this is never ending. i love how they say ire 16 or 17 billion, like a billion dollars wouldn't make a difference. >> sound like a big number and the doj is trumpeting it but reality regulatory equivalent of a speeding ticket. it will mean nothing. melissa: you agree with that. >> in contrast to the billions it costs the american people and
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then behavior of the banks. >> no. i think 16 billion is real. although i gather that this fine is divided up into real money and sort of mortgage, you know -- >> mortgage relief? >> but that will make the market worse. >> say this, what is carry about these settlements, and follows the obama administration's script, much of this money, much of it, quote, unquote, crime came not directly from bank of america. it came because bank of america was somewhat urged although they did it on their own volition to buy merrill lynch. came at behest of, came because of countrywide, which federal was more than happy. >> even bank of america had many practices criticized by the courts independent of -- >> i know. if you took out countrywide, you take out countrywide and merrill, that settlement would be way less than 17 billion. >> that is probably true. all the banks have been fined. melissa: they have been fined. follow the trail where it is going. is it going to so-called
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mortgage relief. >> i doubt it. melissa: predatory loans. >> wait a minute. this is not about mortgage holder. this is about the mortgage investor. >> yeah. >> that says we're the pension fund of state of california and you, we invested in a bad deal because we're so stupid we bought your mortgage bonds. >> you think pimco is stupid? they're one of the people bringing suits against bank of america. >> yep. >> blackrock -- >> i know bill gross very well. he is smart guy. melissa: let's not go down that road. speaking of questionable investments, microsoft is heading to fifth avenue. this is according to "new york daily news." the tech company looking to set up retail low kegs, just blocks from apple's flagship store. we don't know if that is a great idea. like well, it is like wearing a bathing suit next to super model. you're microsoft and get out there and open a store and you have apple that is, same apple store. people wait in line outside. my children beg to go in. microsoft what do they really have that you want to go in and buy? so you have an empty microsoft next to, you know a bustling
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apple. i don't think this is great idea. >> uncool kid trying to copy cool kid at school bottom line. melissa: that works factlously if you blah that off at beginning. segment. >> who looks better in bikini. melissa: >> microsoft outperformed apple last few years. melissa: is that true? i'll look at chart. >> apple isn't the hot girl hanging out at bar anymore. not as much. >> i think you're right about that i like their new ceo. melissa: here is one way to protest a minimum wage hike. a minnesota cafe is charging 35-cent minimum wage fee. look at this. you get your bill. it says on there, 35 cents for minimum wage. i don't understand what 35 cents gets them evening on a $21 bill. i don't know how that offsets minimum wage. all they're doing is angering people. they make the point if we raise the minimum wage, it results in higher prices. we're sharing it with you. >> i don't understand. you're like my rodeo producer all upset.
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melissa: i'm not upset. >> if i've got 40 tables and i turn over four times during the day, that is maybe 100 bucks a day i get in extra money goes to pay for the minimum wage. i can see, i can see it as ads up to some decent change for them but restaurants are ones who get clobbered by the minimal wage increase. >> they have customers, higher paying customers on other side. melissa: oh, no, really? >> labor is cost -- melissa: money to the employees to the employees give it back to them that is what your saying. >> i always hear that argument like a tax break. melissa: i hear that argument. i always wrong. >> it noise the always wrong. melissa: give the money to give it back to the person who owns the restaurant? how stupid is that. >> give someone living wage. i don't think most people find that stupid. melissa: that is not a living wage, 7 :25, 9.25, 10.25 are not living wages. that is starting job on rung of ladder. >> if that is not a big deal i
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am happy to get 35 cents so someone get additional training. melissa: 35 cents. now that is living wage. with 35 cents that is -- >> i just don't think small businesses are out there looking to kill the average guy, look forge a job. i mean -- very hard to be sticking guns in their face, when you start sticking guns in their face you have to pay x, they will lay people off. they will, the economics are not with you on this the numbers show that when you raise minimum wage it does cost jobs. >> i don't think that is right. >> it is. melissa: you not suiting up, peter thiel, venture capitalist revealing in new book, he never invests in tech ceo who wears a suit. this strikes me as silly. i understand the sentiment. none of you guys right now would never get any money from peter thiel. >> full disclosure i ran into peter thiel at sun valley before thrown out. >> were you wearing a suit? >> i was not wearing a suit. he was like, the guy was like socially --
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melissa: awkward. >> i'm like, so when i hear this coming out -- melissa: like those in silicon valley, that main character is supposed to be peter thiel. >> he was not comfortable in his own suit. melissa: wire reports several women found troubling seeking funding for their startups. if you're looking to hire a young guy in hoodie, how are you looking at women who come in? whole idea you have to look like mark zuckerberg in order to get money. put on that costume instead after suit. hoodie thing is costume. they're both be -- >> sue the are costumes. >> i guess depends how good you look. melissa: that was fun. they're a cool app. unlikely endorsement from the gop. plus, the gloves are off. merger talks fall apart. will those crazy kids ever make up? more "money" coming right up. ♪
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melissa: stocks paring earlier gains. the dow was up 61 points at session high. nicole petallides on the floor of new york stock exchange. barnes & noble a surprise winner today, nicole. >> yeah, it may be an interesting story for lot of people that still like books the old way, right? barnes & noble apparently is teaming up with google to get courier service to deliver books to your home same day in some of the big, big cities including new york, l.a. and san francisco, west l.a. we're talking about manhattan. basically they will team up according to reports to get your books back. melissa: wow, i like that. nicole, thank you so much. fallout from the megadeal still being felt today. shares of our parent company, twenty-first century fox soaring while time warner's stock continues to fall. despite speculation to the contrary, pulling his 08 bid. we remain opportunistic and nimble we are strategicgy a complete company and we have
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clear sense where we are going. here to break it all down, profitable trading.com jared levy. we have charlie and tom back with us as well. jared, what do you think? do you believe mr. murdoch? >> i do. he went out of his way on the earnings call to state yes, we're really moving away from the time warner bid. i think for now it is the right thing to do. i don't think this is over but ways off from deal being done. you look at the stock, right. fox's stock getting pummeled as deal was going on. shareholders didn't like it. when you have a hostile board like that of time warner it will not make a big deal like this work. he will wait it out, step away. i think it is good for fox. melissa: charlie gasparino? >> i think he is a man of his word. i don't believe he is coming back into this. i don't believe twenty-first-century-fox, the parent company of our company, of fox business, is ever going to buy time warner. i think this will be sold to somebody but it won't be us and there's a good chance it will be sold to somebody in silicon
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valley look for content. >> you think? >> here is the problem, google can pay cash. melissa: yeah. >> $100 a share cash for this. they can do that. apple can do that. melissa: okay. >> i know our balance sheet. i don't think we can do that. melissa: this story is lot more fun. t-mobile ceo adopting a business strategy familiar to teenage girls everywhere after sprint announced it would not buy his company, he bashed his rival on social media tweeting quote, is sprint a melting ice cube? it looks like it to me. join the cool brand now. he didn't let it go there of course. why would he in fact. he said, if you needed one more reason to leave sprint and join t-mobile now you have a total chaos at sprint, hashtag, sprint like hell. he is like a holy spurned girlfriend, batman. wow. >> i feel like back in junior high school at this point. it is juvenile his response. melissa: i like it, don't get me wrong. but it looks silly. >> making a lot of news but
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makes him look like a fool. melissa: charlie gasparino, level-headed when with your own tweeting habits never saying anything defamatory. >> do i look like a little girl spurned on twitter? melissa: no. >> i tweet out things, after i tweet them, get arguments. i wish i didn't do it. melissa: do you? i don't think you ever heard you admit that. >> there are times. here's the difference. i am someone in the business of free flow of information. it is somewhat, as a journalist, it is expected. it is not expected for a ceo. he is not supposed to do this. >> should be controlling himself. melissa: yeah. all right. go ahead, jared, you get last word. >> just real quick the by the way i own sprint here. i think it's a great stock. i think the framly problems they're having are not as big. if you're looking for money i think sprint might be a place to place your bets. melissa: thanks, guys. hawaii, hit hard. earthquake rattles the state as two hurricanes come barreling toward it. look at that map.
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melissa: emergency hearing on ebola, taking place on capitol hill, calling house laak makers from summer recess. -- lawmakers. testifying about the deadliest outbreak in history and impact around the world including in the states. a-team's dr. manny joins me now. so congress coming back, does this surprise you? show how your gent it is? is there anything they can do? do we need them to do this? >> the cdc announced they are going on stage one alert, which
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means all hands on deck. that is their definition. this is the third time as far as i know have done that. before it was katrina back then. melissa: third time since when? >> in last 20 years. melissa: wow. >> where all hands on deck have to be there, scientists, epidemiologists, mathematicians to calculate exactly how this outbreak is affecting. let's face it, right now, from all the data that we seem to have, at least in west africa, it is out of control. melissa: yeah. >> this is something that is not contained. over 30 workers have gone there from the cdc. more probably are going. and clearly, i think what is true is that the infrastructure and president touched on it yesterday, when he was asked, what his thoughts were in, either fast drug or -- fast tracking the drug or where do we stand the i need more information. he pointed out there is no infrastructure per se. any local health workers that can rely to keep the epdep mick at bay. melissa: there is a lot of folks on this mystery serum that seems
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to be working and people wonder why haven't we sent it to africa? >> look, there is lot of data we don't know. this is something not going to be made public by the way, because when you talk about new technologies, when you talk about disease like ebola, scientists have to be very careful making sure the information is not misleading. i know the spanish government, for instance has a worker that has been brought back to spain with ebola. i think it was religious christian worker there. and they have asked that the american, federal government to supply them with serum. i don't know if that is going to happen or not, but clearly the big question is, can they produce enough, is it working? we don't know that yet. i know we know that the two workers are getting better. the two people here in atlanta, are getting better. but medically we don't know if this was the answer yet. melissa: yeah. >> i think optimism is there. this is not a medication going to be available anytime soon for the workers down in africa and
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certainly for the armies of people that need to keep this epidemic under control. melissa: thank you for staying on top of it for us, dr. manny. >> you got it. melissa: thank you. first they leave. they come right back again. millenials in the boomerang generation are so bogged down with debt they're moving back home. one photographer captured their stories on film. this is so compelling. you have to see these pictures. if you don't have this at home. plus sweet little lies. lying on resume' is never a solution. why are some resume's filled with fibs? "piles of money" and some lies coming up. ♪
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melissa: hawaii braces for its first hurricane in 20 years with another potential storm following right behind. joining us is rack to tell us the latest. what can you tell us? >> why does not get them very often and they have one that will impact them tonight, over the next 48 hours and another one right behind it likely going to the north but we have hurricane warnings in effect along the big island and as the biggest concern where we think this stormy still will make a direct impact. julio is behind it. not as much concern. it will likely go to the north as a weaker storm but we still have a little time so we will watch that closely. this sell is getting close, 170 miles or so away from the big island and hurricane status, forecast to remain that way as it makes landfall, a lot of elevation on the big island, 14,000 feet, that means the higher you go in elevation the
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stronger the wind and we will see very heavy rainfall from this as we go to the overnight hours. that is the one storm will watching, leila is behind it, you see the track of this likely going to the north of it. it is two days behind it and all the islands that already seen very heavy rainfall in the last month or two seeing potentially another 10 or 12 inches of rain. melissa: thank you, we will keep an eye on it. the lingering affects of the recession threatening to make entry-level jobs a thing of the past. the founder and ceo of less out network and wall street journal's simon constable and tracy byrnes joins us as well. this is a growing phenomenon. companies during the recession, and they had to cut someone and save their bottom line. those of the jobs that went away. as people try to get jobs there are no entry-level jobs out there. the jobs that are the lowest on
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the room require a lot of experience, a lot of skills. is that what you are seeing? >> i don't necessarily agree with that. let's look at the great recession. every job got eliminated, every category, every skill set and the number one area that got let go was the middle manager role, 70 to $110,000 a year got hit the hardest. with people coming out of the workforce or college graduation entering the workforce is employers do want which i agreed with the article 100%, who are ready to hit the ground running. if you are graduating from college those internships are crucial, the skills that you bring, ability to manipulate a spreadsheet, the skills and experience level. >> competing for that job whether it is entry-level not, a lot of work experience. >> you have a hiring freeze, the first thing that is easy to do
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is corporate incomes, and the people -- you hide a train. i know so many people, trying to get that entry-level jobs out of school, you can't get any fraction. it is very fast and we are looking at a loss generation. tracy: internship programs, you get an internship and great experience, there are no intentions here so the whole thing is that blogging itself and to your point we're seeing a lot of people laid off need to see their families. >> a perfect setup for the next story, with a few prospects to the entry level job, young adults are being forced to return home. one in five of those in the 20s and 30s live with their mom and dad. and he calls them boomerang
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kids. let me thank you for joining us, damon. where does this idea come from? you had to go back home. >> yes. the project started because i had to move back home year-and-a-half after graduating. ims over 1,100,000 jobs in loans from a private arts school. i have no regrets about my education, but times were tough when i left. i was off to a great start, and was working a lot during school. as a freelance photographer and photo assistant work became slow and i drained my resources and the last resource was going back home. maria: the photos we are looking at on screen a very compelling. it shows the home from which these young people left, they went out, amassed a ton of student debt, then left and
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couldn't find a job that would support them and the debt and they had to move back home with their families and you see i am not parent and of having my kids at home but you see the imposition of a returned with all their belongings, they are crowded in, look too will dance too big for their small rooms. what surprised you about this? you put ads in craigslist, found people all over the country in this predicament. what surprised you about parents and kids-year-old? >> what is surprising, everyone was generally optimistic about their future. they saw it as a setback and more people are going through this every day. it is becoming more common. everyone remains optimistic about the future myself included. maria: we're looking at the guy learning to tie his boat tie on line. tell me his story. >> mike billings from north
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carolina. he went to an art school and majored in film studies i believe, and so he was living in los angeles and working production at the p a and after a few months, after a few years, he had to call it quits and get back home. he is back in his parents' basement, working here and there when he can and struggling to find steady work. his photo is interesting. struggling at bit with his photograph, it became one of my favorites. the boat tied thing came about, we weren't talking about his idea, as i was there i couldn't figure out the picture and started asking about what do you where to job interviews, i where this boat tie, i wear a bow tie and sweater but never remember how to put it on so i had to watch a youtube video.
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maria: there are a lot of lessons about studying something where you know there will be a job or taking on more debt than you can afford but these are very human pictures and the human situation. we appreciate your time. that was in the new york times, very cool, thank you. here is one way not to land a job. i can't believe this has to be said. don't why on your resume. you may think you are being supplied 60% of hiring managers find wise on resumes according to a study by career builder. okay, i guess -- go ahead. >> melissa, an interesting fact, it is not just having something to cut kids out of college, is an advantage kids out of college have because they don't have much content to lie about. it is people who have been downsized for a long time. wanting data didn't get into is long-term unemployed feel they have to tweak their resume even more so they embellish a little bit to hopefully get a bite on
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their resume and that can be when the but. that is where you get in trouble. >> 57% invalid skills and responsibilities. i can almost see that. 40%, dates of employment, job title, academic degree companies you work for, don't those seem like factual things you'd be nervous about lying about? how do you get away with that? >> there was a point when everybody embellished and may be tweaked here and there and that was before al gore created the internet. everyone should be a little more careful. melissa: can talk about that. nothing stands in the way of americans and their bacon, not even the highest pork prices in decades. would you eat someone else's leftovers to save a buck? you can bet in today's economy there's someone willing to get their hands on that hamburger.
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and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. melissa: check this out before checking in, four square tracking users at all times even when the apps is shut off. users have to manually make sure they opt out of the location fracking otherwise foursquare will literally follow you everywhere. jarrett, and entries here back with us. the ceo was on the third bolton in the last hour. here is how he explains why they are doing this. let's listen. >> not everyone wants to check in all the time or shared that location with their friends all the time. how can we make a version that
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understands places people like to go to and make recommendations based on that without having people hit every time they go somewhere. melissa: they are tracking you for your own benefit? >> sounds like rubbish to me. cannot fracking to me. i have friends if i want to know where to go i ask my friends. tracy: i must be an old lady. i am old school. you don't like it did different apps. quite simple. for them it is genius. melissa: next one big yikes for help, class-action suit claims it purposely lied about and reviews to inflate its stock price and extract more advertising dollars from local businesses looking to expunge the potentially damaging reviews. what do you think? this is always the knock on yelp, that they -- they contact you about paying for help to get better reviews of higher. somebody will try to prove it.
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>> totally like legalized extortion in a way. the old mafia tactic. i don't know what is worse, having foursquare follow me around or having yelp leave lingering reviews. i like yelp's business model but we know reviews are flawed. they will get over this although i don't like the tactic. i hope there's a revision but the reality is anybody can leave a review and it is kind of convoluted anyway so even if they get through it there will be a plethora of erroneous reviews out there. melissa: if they're supposed to be reviews and have an algorithm controlling it so they make more money, tracy, this is the problem with this website. i would like to be solved once and for all. tracy: viagra restaurant, my mother and uncle and everybody i know would leave a review for me. take that with a grain of salt. you should is seen as coming a mile away. melissa: republican national committee running shotgun with uber starting with a position to
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halt further regulation against the ridesharing service. i love this one. they are getting on the side of the sharing economy beccose they say it is the opposite of tax the unions and big government. >> i like it but you see a downside. the republicans are saying where is my limo basically. >> it is a great rallying point. it is the ultimate example of free enterprise but you are right. it is sort of like i n in the limo. uber will have legal problems. melissa: that is why there buddying up to an entire group of politicians. politicians on a right say they are on the side of smaller government, they are against tax the unions, for the sharing economy and get a bunch of legislators out there helping them. it is genius. tracy: the ultimate sign of desperation. melissa: now on to the best story of the whole entire day, you can share your apartment,
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now you can share your leftover food. there is a new apps called leftover swap. it lets diners with unwanted food me up and swap meals. you can exchange your unwanted scraps so if you have pizza crust you take a picture of it and posted online and someone shows up at your door to take off your hands. what do you think the people lookalike who show up to have your have been chicken wings? >> to eat any food, it will be gone like that. instant recycle. >> this takes instagraming your food to a new level, you are inviting people to come over and take off your hands. this is amazing. >> we never have leftovers. >> at leftovers -- >> have to navigate some serious health problems.
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this one creeps we ought to know end but it is lots of fun. heading into the last hour of trading liz claman is you to give us a preview what is coming up. go-ahead. liz: if there are leftovers we sniff them once they are out of the fridge and safe. it is safe. melissa: and given away the night before. liz: there you go. i am the queen of colt keeps the. it is not a cold market even if it is down. if you are looking at the right stocks and here is one of them. we have the ceo of harmon audio, this stock is up 99% over the past year, 300% since 2009, the bottom of the market. the ceo is the genius when it comes to running this company. they are in car audio and event spaces like madison square garden and yankees stadium, even carnegie hall. he is here to talk about what has propelled this stock over
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the last year and what will propel it in the future. the auto market is huge and we are talking russia. you see read on the screen that has to do with russia pushing back on sanctions saying we are going to ban imports of food from the u.s. australia, canada, norway and focus on companies that will be most affected, they are publicly traded and you look at this import ban if it does hold for the time being. i will send it back to you. melissa: thank you so much. good things come in small packages. coke is boosting its bottom line by cutting back on the can size. find out house weeded deal the sugar squeeze will be for the sodamaker and messing with perfection. ford is going all in with aluminum on its f 150. if it is not broke, why fix it? you can never have too much money. stamps.com is the best.
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melissa: whether on wall street remains 3 years who's making money today, anyone with a piece of netflix, the stock is jumping on news that is surpassed h p co as subscriber revenue. the ceo admitted netflix still has a long way to go in terms of profit but said he hopes to be in the same league as the cable rival in no time. shares up 4 present which is good news for read hastings. he has made $18 million since this morning. nice work. also making money this former apple employee called samsung and is totally unrelated to the tech giant's better rival. sam's use to work in vancouver's
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apples to oranges now selling his work shirt, lanyard and business card on the day. he believes take enthusiasts will be interested in this especially given all the patent disputes in the u.s. between apple and the other samsung. mr samsung says the money will go to a good cause. hoping to make some money by downsizing pepsi and coke, introducing smaller cans after spotting a huge jump in demand. my favorite, those cans could have been one of the biggest growth areas. pepsi says many consumers want it in moderation. i love the tiny cans. fox business has been given an exclusive behind-the-scenes look at what is arguably the most important vehicle in america today. are you ready for it? the 4 new aluminum f 150 and jeff flock is there as they test that. you get the best assignments.
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is not fair. take away. jeff: i get to go to a hurricane that is not even a hurricane, wind tunnel, first-ever live broadcast from the ford wind tunnel in allan park, michigan and they are blowing smoke at ford but in a good way. the reasons they change this vehicle is aerodynamically it will get better gas mileage. i got the man who manages the outside design of this vehicle. you changed this tremendously. >> we're looking at the 2015 s 150 in the corner of the vehicle is important. intuitively using faster chassis on the front would be better efficiency but it is not. jeff: smoking is coming around that. the fuel efficiency will be important when they release the mpg, could be the most fuel-efficient trucks ford has ever made or anybody has made and they tried to close up all the gaps. you don't get air blowing through. you get some news truck. >> you want the air to clean
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around the corner of the truck and we created that air seal. >> if we rush the smoke over the top of it what happens here? you would think smoke going over-the-top, a big tailgate in the back. why do you have that? >> we want the air to touch down cleanly to break out of the tailgate and create an efficient more efficient vehicle. >> like a spoiler at the back of the truck. this will probably be the most fuel-efficient pick up on the market and that is why ford is changing things around. this is all aluminum now, 700 fewer pounds of weight as well. melissa: that is very cool, thank you so much. breaking news we've been to bring you from the testimony happening on capitol hill, the cdc director says he is confident, quote, there will not be a large ebola outbreak in the u.s.. he also says that it is not known whether the experimental treatment given to the infected u.s. aid workers is helpful or
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harmful. meanwhile we are also learning the obama administration is setting up an ebola working group to consider policy on the use of experimental drugs. we will bring you any news that comes out of that. in the meanwhile, going whole hog on wall street, sizzling bacon prices making a the next dot and luxury items. one pig escapes your sandwich for life on the waves. we call that swine and dandy. at the end of the date is all about bacon which is the candy of meat. i don't know if you knew that. thank you daddy for defending our country. thank you for your sacrifice and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family,
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melissa: he avoids being a blt, what a fantastic pig. just a few more seconds. what more could you possibly need? liz claman will have it. don't worry, countdown starts right now. ♪ ♪ liz: it's a push me-pull you market. investors cheer better than expected jobless claims numbers and strong earnings reports, but will the ukraine crisis rear its ugly head again as russia retaliates against western sanctions? amping it up. the high-end audio and visual company harmon out front in the race to make a connected car a reality, easily beating earnings expectations and raising guidance for the year. harmon's chairman and ceo in a fox business exclusive. and want to look like you rode in colleging? now you
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